The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1860-03-31
1oolitital.

| REVISION OF THE TARIFF. We call atten-
marks lately made in the u S. Senate by Mr..
| Foster, of Connecticut They commend them
| selves to the common sense of every sober
thinking man. How much to be desired is it,
that Congress should at once and forever drop
! the discussion Of the Slavery question, and
legislate upon subject of so much import
ance to all the people as is the protection of
home industry:
From an examination of the report of the
Secretary of the Treasury, laid on our tables
Il short time since, it appears that the whole
amount of imports into the United States dur
ing the fiscal year ending the 30,h Of June
last was 1888, 1GS, 1870, of which gold and
silver coin and bullion made up 81, 434 7S9,
leaving 1881 333 ) II. of goods and mcrchan-
disc from foreign ports, beside gold and silver.
imported into the country in Il single year.
OF this amount, however, there was exported
abroad $2O.895 OF, leaving to be consumed
at home within our own country, $50, 1873
264. The whole amount of our exports dur
ing the same period was 1895 .SJf 3cj Of
which gold and silver coin and bullion made
uo S57 SOP 305: leaving therefore, an amount
of exports. aside from gold and silver, IF
| 1918, 392 OS0. Thus. the excess Of imports
over exports was S32 ,04G 1871.
| am aware that there Is one theory that
goes upon the ground that country is rich
IN proper ton TO the amount Of its imports,
and that large imports are proof of large
| wealth and Of the increase of wealth. For
myself, | have not been accustomed. at any
period of my life, to deal in such large figures
as these, and possibly may not be able to
comprehend all the philosophy of that school
OF political economy. 1t seems to me that if
! we simplify it little, and take the case of an
individual, planter or a farmer. and try the
question on small scale, we may understand
1t better. Suppose, then, that Il planter or
farmer takes the surplus product of his farm
or plantation, all that he has to dispose of,
and sells it to neighboring merchant. and
that he buys from the merchant all that he
wishes tol family consumption. At the end
OF the year he settles his account, and finds
that he owes the merchant $500. Now. that
planter or farmer Is certainly not doing a
| Thrifty business. he is not making mon,y
but Is losing it, although bis imports, so to
speak, are $500 year more than his exports.
| take it to be very manifest that an individ.
ual, andcr such circumstances, is not on the
road TO wealth. but is on the road to the aims
house /: and | am utterly at Il loss to conceive
OF any difference in point of principle. between
! an individual and nation under lust such
| circumstances.
We. as nation, the last year, imported
thore than We exported, to tie amount. as |
have already stated, of $50 046 l84. be-
lieve that that is losing business, and that
nation pursuing that course is tending to
bankruptcy Now, look for moment at
some of the articles which 80 to make up the
enormous amount of our imports. | have
looked over the tables, as prepared by the
Secretary of the Treasury, and find that we
imported of manufactures of cotton, $50 34j.-
OSl of manufactures Of wool and worSled
S333 52l $50 and manufactures of iron and
steel, $40 22l 9i7: amounting in the aggrc-
gate, to SO ,0S8 9Sl of these three classes of
observation-disclosures of cotton, manufac-
lures Of wool and worstcd. and ron.and steel,
and manufactures Of iron and steel.
Now. Mr.. President, must say that be.
licve this country ought to have manufactured
all these several articles here at home, and
not imported one dollar of the more tnan sew.
enty-nine million dollars worth that we did
import That believe, is the course which
we. as an economical nation, ought to lave
followed. 1t is pretty apparent that we are
not raising revenue enough to meet our cxpen-
SEES. Our expenditures during the past year,
as appears By the message of the President Of
the United States, were $S3.15l 5ll ST.
The estimated expenditure for the current
year is sec, ,02S 10: and the estimated
deficiency for the fiscal year is IS 9SS 424 Oh
| Shall confess myself much mistaken if our
expenditure does not exceed the estimate and
Of course. if the estimated deficiency is not
short Of the reality. But sir, even if both
should be right or both be more than subse-
qucnt facts shall prove to be true. it is very
clear that proper legislation requires the revl-
sion of the tariff laws, and requires slch
change as shall make the receipts of the Gov
eminent equa. to the amount Of the expcndi.
ture. The correctness Of this principle mu, t
certainly be recognized by every man of COM
mon sense and good judgment, beginning
with the President and going throughout the
United States. In what manner Shall this be
done
The above remarks also show the enormous
| expenditures of this present corrupt and spend
thrift Administrations
WHEN TO TURN OUT Cows.-[t is best to