New-York daily tribune., 1859-01-31
ax,,e F,o,;d,. Arku,.s, Texas, With less agsre-

in that caucu,-sll rapged against the President OF
their cboice-sI in favor Of creating more DEBT
rather than paying what we already o~e. Mr..
Jud,h P. B-rjamic, Clay Wbis convered to
Democracy BY Slavery, of course raised bis voice
in favor of the rurn-debt, ,tsve-of, happy go
lucky policy. Ard thus the caucus oyerruled the
Presidenr, ov,rrued the relui'ltons OF tue Treas
ury Department cverrued the pledged faith Of
Congress to pay of tbis year the Treasury Notes
i,,ued last year. and resolved that the Tariff shall
NOT be rev sed NJ tpis session. Thus the Olg,rchy
oyerbears the Pre.idenv Of its own choice with as
little ceremony as it employs in subveftiog the
Territorial policy Of Thomas Jefferson, whom il
nevertheless pretends to reverence as The author oil
its creed, the founder Of its party.
This aetisn Of party csucus-a caucus in whose
deci,iops only small minority Of the American
People were represented-is likely to defeat any
change in the Tariff at this session. For Me-.
Hunter of Virginia TIE master spirit OF the ciucu'
sCbarmaD Of the Senate's Committee on Finance
to uhom any Tariff bill tina. the House may pass
must be tent. Having twenty years experience in
Congress, and being good ractcian, he can, by
delay and man ,gement, defeat any bill 90 referred
that he has fully resolsed shall not pass; and be
has undoubtedly set down bis foot in the premises.
We consider, therefore, the action of tbs Senate
caucus on Saturday as in effect precluding any
change of the Tariff st this session.
Will not Pennsylvania take note, not merely OF
the decision, bu. Of the influences which produced
it
When Mr.. Bigler of Pa had moved in caucus
that. the revenue being insufficient, the Tarih
.houd be raised, Mr. John SiidtA (o all the wOrid)
proposed ss a substitute toat Congress should look
rather to reduction Of expenditure than to an in
crease Of revenue Yes, the very John Slidcll
who has just proposed to appropriate Thirty Mil
hons OF Dollars as a mere installment toward the
purchase of Cuba-a job which will require, 1t
seriously undertaken, at least One Hundred MIL
lions additional to coDsummste it-now tAks OF re-
trenchipg expenditure IS proper aud feasible re-
SOFT! Who can be deceived BY such transparent
Bunco nbe ss this
Contrast the attitude of the rival parties with
regard to the Revenue question. The Admlol,tri-
tion wsbts mouey, and indicates a way BY whi'h
to obtain it; the Opposition are ready to vote the
money and Iase il 10 the manner proposed. But
the friends of that Administration say No-borrow
shin, postpone payment; and, when pressed for
the means of making the two ends of the year
meet begin TO talk of retrenchment at the sa Dc
tine that they are seeking to plunge the country
into a new and indefinite but enormous abyss OF
expenditure.
There are Free Traders in the Republican AS
well as in the Democratic psrty-f not so pumer-
Cus, at least as intelligent and siocere. Had Mr..
BucbSnan proposed the raising of the additional
Millions needed by Direct Taxes, he would have
been backed to the utmost by some fifteen to
twenty Republicans, who will ae. Free Trade as
unhesita ingy as they talk it. His proposition
that the Tariff be Systematically increased, is sus-
tanned by three or four times as many. But II
there be a sioge Republican, no matter whether
Protectionist or Free Trader in favor Of the
Hunter sdell policy Of further loans, more eeway,
more debt, to be fastened upon the shoulders of
the rext Am mnistration, We do no. know nor sus.
ptct him. We hope and believe that none such
will be found-that not al other dollar OF debt will
be sutbOrz.d unless by Democratic votes alone
that the policy of making lDcome balance ExPeudi'
ture will be vigorously affirmed and adhered to-
If the Republicans, 90 their accession to Power IN
1851, .hall fLd q milestone around their necks in
the shape of dilspitated income and burthen.
rome debt let US at least be able to cay that their
perplexities are not owing to Republican votes In
Congress.
If Mes.rs. Hunter and Slidell can show Congress
how TO retrench expen itures so to render an in
crease Of revenue needless, by all means let them.
Every proposi ion to retreDch needless outlay will
be sustained by the great body of the Republican
Members. But mere vague TAX of retfench nent
ecialy by advocates Of the Cuba 'peculationcsn
avsil very little Let a, see where aud how the
saving is to be made ed We will endeavor to
give II at least good word. But ne more debt
Lot the first dollar. Twenty millions borrowed
outrisht must suffice for one Administration. Ii
it be Necessary 10 defer payment Of part of the
Treasury Notes for few months Mr.. Cobb can
essily arrange fo1 this with the Banks. Only be-
gin 10 pay-show n balance Of current iacome
over expendture-and this can readily be done.
We know that the Importing Interest has heavy
orders sioat-ihat the Imports of the current half
year Will be large. But We know also that the
country is unable to psy for more than Three Hun.
dred and Fifty Millions worth of goods in 1889,
and that these will not supply revenue, including
that from Public Lspds and Miscellaneous mot IN
cludipg Poet. Ofice) Of more than Sixty Millions.
We know, too, that the Federal expenditures of
1859 will largely exceed Sixty Millions, if the
u L.