New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-07
Synopsis Of the Presidents Message.

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sa9a tn Congress referring to the Tariff rnsstor, ss,a
tbot 7ybar Gonoraaa mat II r,acer,bor III w tn
reg u III conntyv bad bean cr,ahed 70 ~ n ths.
neriodica1 rovnTaiona cansed nv ID pnsonnd and j.
tr,v,y.nt r,,rL credit svstem vbicb inflated tIs INV
rancg If he conntrv and roanrfactners and an nblis
ond ry,ta erterrri.es vvara snddanIv arrested an5
tTo,sa,5, s 1,acE,riog or I.T,o-arg ,vsre danrved
of arorIoyn,snt in consaouenca
Tho "oronoarc;aI roanne,ctnr;ng and mechanical
classes bs savs .,are5 severely nat boanaa ~ the
ro5rctions If 4, tog IN hsc,se tber. i ~ demand
for tbsfr ,rodnctic,s a. or, rrfos
Article ~ rrir,s ,scszsitg orc crtv ,z.n4ed Tron
manufacture suffered more than anv other and rafI
road antarnriaas baing brongbt II 4 bad stand aaa
matter Of co,r.e the irn roannactnrn interast sf-
Fared also from thar carsa
The President aapa that M Government ami eans.
eiallv none ~ iroitad noyvars conId bsva nravant
| ed the disastrous revnIaon of Iast raar
The same resnlt he sava yvon1d have snsred baa
duties been higher, The Tayiy of 1s57 had M aganc
in the recent financial disturbances 1Vhicb etta5
| throughout the country and throughout The vorld.
They could not be controlled t legislation in
ticular country.
The effects Of the late revnlsion, be says are no
slowly but surely passing away, and the energy and
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stored or recovering and as soon az capital can he
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oil June, 1888, authorized Governmental loan OF
twenty millions in addition.
No statesman would approve this increasing nation
al debt to liqudate the ordinary expenses Of Govern
ment' This would be rninons policy to pursue. 1t
would be runons to continue to borrow, and besides
! incidental pfOecuon Dy revenue LarlH would, 70
some extent, give fresh impetus to our industrial in
terests.
No one he says will object to such result. Sound
policy requires specific duties wherever practicable.
Upon such articles as iron raw sugar and foreign
wines and spirits, specific duty is the best if not
the only means of securing the revenue against
frauds and giving our manufacturers the incidental
advantages Of revenue tariff.
The present system of the sliding scale operates
disadyantageously to the manufacturer.
THE NICARAGUA TRANSIT.
The President says that be has no objection to offer
against granting a fair compensation to the Govern
ment of Nicaragua for transit through their Terri
tory but insists that the route should not be closed By
any arbitrary decree Of that Government.
He recommends Congress to authorize the employ
ment of force to prevent its obstruction by awless
violence and says that similar necessity exists for
the protection Of the Panama and Tehuantepec
routes
House OF Representatives,
l89 members answered to their names.
! In the House Mr. Graw, Of Pennsylvania, intro
duced a bill to amend the Court Of Claims act, to
prevent creditors from suing in the District Courts or
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