Brookville American. [volume] (Brookville, Ind.) 1858-1861, 1858-12-10

Va f"hfV'tos anu Otucf WOFka
OF public and private improvements, I
prosperity will again smile throughout
the land. II Is vain, however, TO dis.
guisc the fact from ourselves, that /
speculative imitation Of our currency.
without corresponding imitation in
other countries, whose manufactures
come into competition with our own.
mnst ever produce disastrous results To
our domestic manufactures. No tariff
short of absolute prohibition can pre-
vent these evil consequences. In con-
nection with this subject IL is proper TO
refer to our financial condition. The
same causes which have produced pecu.
mary distress throughout the country |
have so reduced the amount of imports |
from foreign countries that the revenue
has proved inadequate TO meet the nee
essary expenses OF the government
To supply the deficiency, Congress. by
the net OF the 23d of December. 1857,
authorized tho issue OF $40, 100, 900 Of
treasury notes; and this proving made
quatc, il authorized, by the act Of June
18th, 1858, loan of 10000, 900, to be
applied TO the payment Of appropris.
ticns made by law. No S atesman
would advise that wc should 20 en- in
creasing the national debt TO meet the
Ordinary expenses of the government
This would be n most ruinous policy
1t would be ruinous to continue TO Dor
row; besides, IL may be proper to OBJ
servo that the incidental protection
thus afforded by revenue tariff would
ut the present moment, 10 some extent
increase tho confidence OF the manuiac.
turing interests and give a fresh impulse
to our reviving business. To this sure.
ly no person will object. In regard to
the mode Of assessing and collecting dn.
ties under strictly revenue tariff,
have long entertained and often expires
sed the opinion that sound policy re-.
quircs this should be done by specific
duties In cases 10 which these can be
properly applied They are we'll alop.
ted 10 commodities, which are usually
sold By weight or by measure, and
which, from their nature. aro OF nearly
equal value. Such, for example, arc the
articles Of iron Of different classes. raw
sugar and foreign wines and spirits
In my deliberate judgment, specific dn.
ties arc the best, II not the only means
OF securing the revenue against false
and fraudulent invoices, I nd snch has
been the practice adopted for this pur-
pose by other commercial nations--
Besides, specific duties would afford 10
the American manufacturer the incidcn.
tai advantages 10 which he Is fairly en-.
titled. Under n revenue tariff the
present system IL sliding scale, 10 his
disadvantage; under IT, when prices are
high m | business prosperous, the duties
rise IN amount, whom he least requires
their aid. On tho contrary, when pri-
, ces fall, and he is struggling against
adversely, the duties arc diminished in
the same proportion, greatly to his in
I, Jury. Neither would there be danger
that higher rate Of duty than that in
| tended Ivy Congress should be levied in
, the form Of specific dulios. II wonld be-
, easy to ascertain the average valuo oil
any imported article for series OF
: years, and instead OF subjecting il to an
, ad valorcm duty at q certain rate pei
/ centum, to substitute in its place ~
equivalent specific duty. BY such pr
. arrangement the consumer would not
: he injured. IL Is true he might have Il
pay ~ little more duty on given arti
= Gle in one year, but if so, he would pay
"a little less in another and in series o.
= years those would counter. balance eacl
other, and amount To the same thing
c So far as his interest is concerned, the
/ inconvenience would DO trihing whcr
{ contrasted with tho additional securit,
Q thus afforded against frauds wpon th,
. revenue. in which every consumer is di
i. rcctly interested. / have thrown out
these suggestions rs the fruit of my own
observation, To which Congress, in il,
better judgment, will give such weight
I as il may justly deserve.
l. In relation TO tho transit route acros,
| the isthmus, the President says the gov
. crnmcnt has no objection to demand
&. for fair compensation, but insists thai
A.. hereafter the route shall not be closed
1 by an arbitrary decree Of the govern
. ment Of Nicaragua. He recommend,
! Congress To pass a law. authorizing him
: to employ force to prevent tho obstrnc
Q ton or closing Of the transit by lawles,
D violence. A similar necessity exists foi
| the protection of the Panama and Tc
: hauntcpcc routes.
WARRINGTON, De.ember 6.-IIousE.-
The galleries of tho House arc crowded
{ and the members are gathered in con.
fused groups on the floor, engaged IN
D earnest conversation, and all appear &c
. be in fine humor. At noon the Speak
, or called the House to order, and ancr q
prayer WAS delivered, the roll was call.
Fl ed.
About two hundred members rcspon.
, dcd to their names.
On motion of Mr.. Florence, of Pa, 8
resolution was adopted appointing a
, committee in conjunction with that oi
the Senate, to wait on the President
and inform him that quorum of both
Houses had assembled, and were ready
10 receive my communication he may
be pleased to make. The daily hour OF
session was fixed at ~ o'clock.
4 A proposition 10 select seats occasion.
ell much confusion, but was adopted
, Every seat was vacated. and selections
wcro made by each member as his name
on a piece Of papcr, was drawn from
the box.
! The Speaker was then authorized to
appoint the various Standing Commit
, tees
Mr. Florence, of Pa, from tho select