Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-12-11

cere desire to adjust hem in satisfactory manner.
negotiation for that purpose has already COM
menced- No effort has recently been made to collect
these taxes, nor is any anticipated under present cir
cumstances.
with the Empire Of Brszil our relations are Of the
most friendly character The productions If the two
countries, and especially those OF agricultural
such as to invite extensive mutual ex- |
changes. large quantity Of American -four is con-
sumed in Brazil whilst :hzn treble the amount
in value of BRAZILIAN coffee in United
States Whilst this is the heavy duty has been
levied until very recently upon he importation Of
American -four nto Brazil ! am Erafi6ed however |
to be able inform that in September last this
has been reduced from 81 81 to about fortv-nine |
cents per barrel and the duties articles of
our production have been dimini'hec in nearly the
same proportion
regret that the Government Of BrszfI still
CONTINUES to levy export duty Of about II cent
coffee notwithstanding this article admitted free
from duty in the United States. This Is a heavy
charge upon Il consumers Of coffee in country.
CHASE half Of the entire surplus crop
article raised in Brazil Our Minister under instruc-
ions. will reterRte his efforts have this duty
renewed and Il is h ped that the enlightened Gov
ernmen' Of the Emperor will adopt this wise just.
and equal policy In that svent there is good reason
70 believe that the commerce between the coun-
ries viii greaty increase, much to TIE advantage OF
both.
Toe claims OF citizens against the Government
Of Br I'll are not, in the aggregate. q very large
amount: but som. Of them upon the plain prin-
PIES Of justice and their settlement ought to be
logger de.aysd A renewed and earnest and trus.
.ssfu effort will be made by GU Minister to
procure their final sdjustment.
On the I'd OF June last Congress passed joint
olut'on authorizing the President to ado srch
measures ana use such force in his judgment,
he and advisabl-' for the purpose OF ad-
Hsting the differences between the United states and
the Republic Of Paraguay. in connection with the at
tack on the United States steamer Wster-wiich and
with other measures ref ed to" in his annual
S-ge and the 18th Of July follow 'ug theg made
appropriation to defray the expenses and compen-
alton IF commissioner TO al Republic. should the
Presid Mt deem il proper make sch pointment.
In compliance with these enactments, have ap-
pointed commissioner. who has proceeded 20 Para
gnay, with u powers and inStruetionsts eefe these
din, rences Amicable and peaceful mann. r, IL
this be practicable. His experience and discretion
justify the hope that he successful in
viuc ny the Parsg AVIAN Government that II is due
both tn honor and justice that they should volun
" and promptly make atonemrnt for he wrongs
which thew have committed against the Untsd States
md Indemnify our injure' citizens whom they have
forcibly despoiled OF their property.
should our commissioner pr we unsuccessful after
in and earnest eff RI 10 accomplish the object
81 his ssion, then alternative viii remain but
the employment OF force TO hahn just sat siac tom
ron Partguay In view or this cont" gency, the |
Secretary of the Navy, under my direct on has fitted
and dispatched a naval force to rendezvou-
Ruenos Ayres whc', il is be ieved, will prove ssi-
rent the occasion II l. my earnest desire. how
ever that it NAV not be found necessary TO resort 10
tlsis last alternative.
When Congress met in December last the business /
OF the had just been crushed by those
periodical revulSions which the Inevitable
quence "f unsound snd extravagant system OF |
bank credits and inflated currency With all the ell |
ements of nstio7al wealth in Abundance our manu-
features Suspended, onT useful public and pr
vate enterprises were arrested, and thouAn l. OF Ia
borers deprived Of employment and redrced TO
want Universal distress siled among the
mercsl. manufsctu ing. and mechanical classes.
This revuIsion was felt the morA severely In the
United States bsca similar Ad produced
the like deplorable effects throughout the commercial
nations of Europe. All were experiencing sad re-
yerses At tina same moment Our manufacturers
every where suffered severely because Of re-
cent reduction in the tar7 OF duties imports
bScaus- there was no demand at any price their
productions The people Obliged restrict
themselves in 'her purchases TO articles OF prime
Necessity In the genersl Prostraon OF business the
iron manufacturers in different states probably
fered more than any other class and much destitu-
ton the inevitable consequence among the great
number OF worsmen who had been employed in this
useful branch Of our Industry. There could be no
supply where there demand. To present an
example, there could BE- demand for railroad on
after magnificent system OF railroads, extending
its ben fits every portion OF the Un n, had been
brought r dead pause The same consequences
have resulted from similar many other
branches of useful manufactures Its self evident
that where there ability a. purchase mRnufac-
tured ARTICLES these cannot he sold, and consequent
~ must cease I" be produced.
No Gov'rnm' mt. and especially a Govern
of such limited powers as that Of the United
Safes. luld have prevented the late r,vul-
sion. The whole commcrc al world seemed
for years to have been rushing TO this catas-
trophe.
The same ruinous consequences would have
followed in the L. :. wheth T the duties upon
foreign imports had remained as they were
under the tariff of 1916. or had been raised
to a much higher standard. The tariff of
1857 had no agency in the result The gen
eral causes existing throughout the world
could not have been controlled by the leg
islatiOn of any particular country.
The periodira revusions which have existed in our
past history must continue II return intervals so
long present unbourded system Of bank cred
its shAll prevail They will, however, probably he
the less in future, because it is TO be
pecte1 at least for many years - come, that the
mercial nations OF Europe, with whose interests
our own so materially involved, wi exp thrm-
! selves to similar caIsmties But this subject was
treated 50 much at large in nv last annual message
that should not Nv pu'sne IL further. Still,
pectfullv renew the recommend alton in fsvor the
passage OF uniform bankrupt law applicable Ia
bAnt ing institutions This i all the power the
subject which, believe, the Fed raj Government
! possesse such law would mitigate, though ii might
MOI proven the evil
The instinct Of selr preservation might produce a
wholesome restraint upon their banking business II
they knew Ia advance TINT su-peusnu ~ specie pay
mrntS would inevitably produce uIcr civil death.
But the effects in the rcvu sion are now
slowly but surely passing away. The energy
and enterprise of our ciiiz"us, with our nm
bounded resources, will, within rhe period Of
another wear. restore STATE 81 wholesome la
dnstry and trade. Cspital has again accumu-
lated in our large cities. The rate of interest
there is very low. COufid, nee is gradually re-
! viving and 40 soon a. il discover red that this
capital can Toe protrahlN employed in CONNER
! cial aud manufacturing enterprises, and IN the
| construction OF rail roads aud other wo, h of
| public and private Improvement, prosperity
II is vain, ho~ever, 20 disguise the fact from
ourselves that a speculative imitation Of our
! currency, without a corresponding imitation in
! other countries whose manufactures come into
competition with our own, must ever produce
disastrous results Ia our DOMESTIC manufact-
ures. No tariff short Of absolute prohibition
can prevent these evil consequences.
In connexion with this subject it is proper
to refer TO our financial condition. The
same causes which hav produced pecuni.t-
~ distress throughout the country have so
| reduced the emount Of imports from foreign
cou tries that the revtnur has proved ina
dequate 20 meet the Necessary expenses of
the Government.
To supply the deficiency, Congress. by
the act of the 23d of December. 1857 au-
thorized the issue of $50 600. 900 Of Urea
sury notes and this proving inadequate,
they authorized. by the act of June 18th,
I 1858, loan Of 90, O00. 900. - To be applied
to the payment of appropriations made by
law"
II would BE- ruinous to continue 20 borrow.
B.,id's, it may be proper TO observe that The
incidental protection thus AFFORDED by rev.
enue tariff would at the present moment 10
some extent. Increase the confidence of the
manufacturing Interests aud give "a fresh i'm
pulse To our reviving business. To this, sure
ly, no person will object.
NO statesman would advise that we should
go on increasing the national debt 10 meet
the ordinary expenses Of the Government
! Thisz aond De- "A most ruinous policy In
case OF war our credit must be our chief re-
source. at least for the first year, and this
would be greatly impaired by having con-
traet,d large debt in time Of pace Itis
our true dolicy 10 increase our revenue 90 as
TO equal our expenditures.
In regird 10 the motives cf assessing and
collecting duties under strictly revenue tariff
! have long entertained and often expressed
the opinion that sound policy requires this
should be done by specific duties IN cases 90
which these can be properly applied. They
are veil adapted 10 commodities which are
usually sold by weight or by measure, and
which, from their nature, are OF equal, or Of
neatly equal valne such tor EXAMPLE are