The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-06-14

fcstion of the tariff might be adopted; tn.
customs duties might be raised in such man
ner "a to yield an increased revepue equal to
halt. tie deficit while the other half might b.
collected through direct tax pressing cLeH
on any class which might be supposed to be il,
any measure exempt from the operation Of thu
increased duties A scheme Of this kind woal,i
be likely to couciliate the support both Of tn
advocates of direct taxation aud Of the supper,
20 opposition, except from the corrupt and im
beetle persons who are urging the contractio"
of new loans.
These are the only true modes by which the
present embarrassment can be consistently aud
honestly met. This country has no right to run
in debt in time of profound peace; nor ha-
the present generation any right to impose
on posterity the obligation Of paying debts con
tracted solely for the benefit of the people of
the preeent day. If the President has the bold
ness to meet the pending emergency asst should
be met, be will convene an extra session of Cou-
eress, and will lay before it the state of the
treasury, with such historical account of the
public financial movement as his experience
well adapts him to prepare: he will show how
the present deficiency originated, and will ap-
portion to bis predecessors and to the merchants
and banks each their proper ehare of RESPONSE
bility for the circumstances now occurring; In
q word he will explain how government which
bad surplus of twenty millions only a few
months ago now shows deficit of come thirty,
and will call upon Congress to adopt one or
other of the plans above suggested as the only
ones which can meet the case with consistency,
fairness and Justice.
If this be not done, the government will be a
defaulter to its creditors in lees than six months
and the whole country will be disgraced in the
eyes Of its sister nations.
TIE PRESIDENT STICKS TO HIS TExT-On
Saturday last the President admonished Con-
gress very plainly that they had better not be
in too much Of hurry in closing up the ses.
sion-tbat the wants of the treasury must be
provided for; but that the probable deficiency
cannot be ascertained until the pending appro
priations and private bals &C., shall be finally
passed. At all events it would he impossible
for him to ascertain the additional means re.
quired for the ensuing fiscal year before Mon
day this day.. The President also repeats the
statement of his annual message, that except
in extreme cases he is resolved not to approve
any bill which he cannot have the opportunity
first deliberately to examine. This is right
and it is the best check against the
artful lodges of the lobby that has ever
been suggested from any quarter. We suspect
therefore, in pursuance of these reasonable and
President that the present session of Congress,
which otherwise would have terminated to day,
will be prolonged for several days more; and we
have no doubt that the results of the extension
will be saving to the treasury and the pockets
of the people, though dead loss to the spells
gamblers Of the lobby. We like the pluck of
"Old Buck" as man who sticks to his text.
THrRLow WEED AND THE SOUTHERN PACIFIC
RAuRoAD-MoHE "SrArIsTICs."-The Rev. Thur
low Weed comes out with tremendous array Of
statistics" against the Southern Pacific Rail-
road. He represents its costs and liabilities as
amounting to the splendid aggregate of thin
teen millions of dollars, and its assets as com
pretending sundry camels and Arabs, an Arte-
sian well or two, several volumes Of reports Of
surveys and sandy desert. But why this dread
Jul exposition from Thurlow Weed? We fear it
because this Southern Pacific Railroad Com
pany has not been able or willing to command
five thousand dollars az lobby fee for our Al
bany contemporary. A fee of five thousand dol
lars would probably have produced different
array Of statistics Five thousand is the cash
price Of Thurlow's Statistics" That "free
WOOL business, for instance. For years and
years Thurlow had been q stiff advocate in
his arguments" and statistics Of protective
tariff for the wool grower but, In 1867, lobby
fee OF five thousand comes down from the Mas
sachusetts wool manufacturers, when, presto, the
"arguments and Statistics" of Thurlow are
all turned in favor Of "free wool" Besides. II we
are not mistaken, he is interested in an opposi-
ton Pacific Railroad, in which the Central
Railroad Company Of New York are interested,
and they may have come up to the honest
Thurlow's high water mark Of $1,000. All his
arguments and statistics" are reducible
TO that figure. Five thousand Is the mark.
THE CAScEM TRIAL.-we understand that IL
II the purpose Of the counsel for the defence in
this case to bring forward to-day sufficient tes-
timony to put to rest the evidence of the rag
picker on the other side, impeaching the
professional integrity of Mr.. Blankman and the
honesty Of one Of the jurors. This new feature
in this case has already given 1t very OK
tended notoriety; and this days proceedings
viii doubtless very much increase the public
curiosity and interest in the matter. The
general effect will, most probably, be fuller
development Of all the facts and circumstances
affecting both sides Of the case than we should
otherwise obtain-which will be something
whatever may be the final upshot Of the trial.
90 Dr.