Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-12-07
Dp Gelearapb.
From Washington.
WASH rNGToS, Dec 6.-The Senate met and
received the Presidents Message at 10 min
utes before two. ~ ~

4
WASH NGToN, DEC. 6.-The Senate met and
| received the Presidents Message at 10 min
| utes before two. - ET -
| n r. SYNOPSIS OF MESSAGE. 2 p
TARFIF-The President says that when Con-
gress met in December last, the business of
the country had been crushed by an unsound
| and extravagant Bank credit system, and in:
| f1ated currency. Manufactures and useful
public and private enterprises were arrested
and thousands deprived of employment.
Commercial, manufacturing and mechanical
classes suffered severely, not because of the
reduction of duties, bat because there was no
demand for their productions at any price.
Articles of prime necessity only were wanted.
The Iron manufacturer suffered more than
any other. Railroad enterprises brought to
bad stand-of course that interest suffered.
I No government, especially one OF limited
powers, could have prevented the late revul-
! SION The same results would have ensued
had the duties been higher. The tariff of
1857 had no agency in the result. The dis
turbances throughout the world could not be
controlled by legislation in any particular
country. The effects of the revulsion are
now slowly but surely passing away, and the
energy and enterprise of our citizens, with
unbounded resources will within another year
restore state of wholesome industry and
trade. Capital has again accumulated in the
generally recovering. AS soon as capital can
be proftably employed in commercial and
manufacturing enterprises and the cOnStruc-
ton of railroads and other works of public
and private improvement, prosperity will
again smile through the land.
No tariff short of absolute prohibition can
prevent the effects of the imitation of our
currency beyond that OF other countries,
whose manufactures come i'll competition with
| ours. From these causes the imports have
been abridged, and the revenue proved made
quate to meet the expenses Of the Govern
ment
The act of December 23d, 1857, authorized
twenty millions of Treasury notes, but this
was inadequate, and an act of June 18th, 1888,
authorized IL loan of twenty million. No
statesman would approve of thus increasing
the National debt to liquidate the ordinary eX
penseS of the Government ltwould be most
ruinous policy. The protection by the re-
venue tariff would to some extent give fresh
impulse to industrial interests; nobody will
object to such result. Sound policy re-
quires specific duties wherever practicable,
such as iron, raw sugar, foreign wines and
spirits Specific duties is the best if not only
means of securing the revenue against frauds
and give manufacturers the Incidental adVan-
tagcs of the revenue tariff.
Transit ROUTE.-The President has no oh
lection to fair compensation but insists that
the route shall not he closed by an arbitrary
decree of the Nicaraguan Government. He
recommends Congress 10 employ force to pre-
vent its obstruction by lawlcsa violence.
Similar necessity exists for the protection
of the Panama aud Tehuantupec IOutes.
SENATE.-Mr Bigler moved the printing of
20 900 copies of the Presidents message. Mr..
Hale objected because the President had
abused constitutional prerOgatives and inter
polated a false history of Kansas. Mr.. ii.
made other satirical remarks.
HoUsE.-Mr. Grow introduced bill to
amend the Court of Claims act IT, permit cred
itOrs to in the District Court of the Unit
ed States.
Mr.. Curtis, Of Iowa, introduced bill for
the construction of Central Pacific Rail
road.
Mr.. DeWart. of Penn, asked leave TO in
troduce Il resolution ensiructing the Commit
tee on Ways and Means to report a bill in
creasing the duty on coal and ron At the
request of several. lead, sugar, and such 9TH
er articles, need protection, were added.
A suspension of rules was moved and neg
atived-yeas l02, nays S7-twO-thirds being
necessary.
The Presidents message was referred to
Committee OF Whole on the State of the Union
and ordered to he printed. Adjourned.