The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-20


This drain upon capital here of course will always un
der such circumstances derange trade and the currency
Hence the necessity on our part OF maintaining strong
financial position throughout the country but in New York
city especially because New York at the FIRST
the fire. although she may in turn, but slowly draw upon
the interior for aid.
We conceive that New York should at all times be so
strong not TO be seriously disturbed by any sudden
drain for European account
We concede fully point presented by sSubscriber
and that his profits of So 900 shipment of is no
single case Our exports made with view to profit
and it would be unreasonable to suppose that this profit
does not arise the bulk Of such cxpOrtssomctmes fifty
per cent twenty per cent down to one per cent and not
unfrequenty our exports are attended with very heavy
losses.
The point have urged for years. and urge again
now, is, that this country is damaged by the excessive
imports which indicated by the Custom House returns
for the years s49 and 1852 that this fosered by
the existing tariff, and is constantly draining Of nearly
all our gold when at least one half OF gold product
should be retained at home.
The interests of foreign manufacturers and of i'm
porters consist in loading the country with the greatest
quantities of foreign goods that be paid for whi the
great national interests Of the people at agagricture
and manufactures-are damaged by such excess Our
tariff and our currency systems require notifications in
order to place us upon level with foreign compe
tors If France and England will reduce their tariffs to
level with our own can then send them seventy millions
worth Of tobacco yearly instead Of seventy millions in
gold; while the latter would be retained IN our own
The Utopia has been conceived-the wealth,
grandeur and social improvements have never been pic
tured-whch would inevitably follow truly national po
Icy the part of government and the wise appca-
ton Of the means which Providence has profusey laid
AZ our feet as q nation.
Let the exports Of products and manufactures of the
United States pay for the products and manufactures
ported from abroad year by year and adopt such tariff
in the six years 1S421S4s shall place the exports and
imports upon the same level Let the gold remain with
u.s. which Providence has supplied country or be
applied to our foreign Indebtedness There occa-
sion to send thirty forty seventy millions of gold
nualy to Europe in the years 1s421s4S-why should
now
Are there not great national objects which should be
maintained and pursued by us, either States or
Union? Is not railroad TO California matter of urgent
need, in view OF our growing commerce. and Of the
ngencies Of war Are not harbors the and
the lakes in urgent need of Improvement and proec
ton? Do not the steam commerce of England and
Germany extending to Asia, Australia, South America
West Indies, and other parts Of the world while
steam marine (naonal and commercially is inferior that
Of EuropeY
The seventy millions of gold which send TO Europe
in the year 1852 and which in larger sums by
equally vicious policy, is thence despatched TO China and
India, might be used to great advantage at home. Our
coal and iron mines require capital to work them;
want hospitals, reformaory schools nsead of prisons)
both for the young well as adults schools for the train
ing of seamen wanted. Plant these seventy millions
Of gold in New York; instead Of sending It abroad and
the whole Union from Maine TO California would be
rched by 1t permanently Thousands of others would,
like Subscriber profit their 900 and too by
their operations abroad under national system of mode
rate but udcous protection instead Of the vicious school
Of ree rad