New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-02
FINANCIAL CRISES-THEIR CAUSES
AND EFFECI'S.
MIR. CAREY TO MIR. BRYANT.
LETTER NINTH.
Erom The Erfninn Post. TResdnu Erkaina. Feb q.

From The Erening Post. TEesday Ereaing FEB n.
"AS ATTFgPT TO REVIVE ~ OLD AsvsE-It l. inins s
and Means about report oil The House Of
nenassiOn to rer,n to the old system specific duties
If this be 10 our eyed President who has bee worrying
VIII undoubtedly enjoy sipht sense o. relief For our pat we
should perfectly willing him grsided in this resPect
good Of the to%ntta by whom he BIZ aid to bs pre-
PsIns the sUn 70 spso ~ d'sss sre rS ,0y
not ,asssd with their profits they DO not mike
snaee them to extract more liberal revenue from
This The po not sn them do po them stis
es With he present method Of collecting the suties BY per
&c sss' S:4 SI q Si a. s"s.
% S 10 al hn osy i
IS ask for the imposition specific duties Itsy have mot the
they afraid to demand that tax Of fifteen cent on i'm.
ported merchandise shall be raises to twenty cent du
cry bsus any change They therefore get the
e % 0S e % w up & e mad, .0p
more but being made to pay il under the duties
expert mercantile calculator The nnds thai the
commodity be needs beus higher price, but ne myshed oy
the system OF specific duties and does not know that the
Of pnce is tribute which he 10 forced TO pay TO the mill
have had possession of the legislative power Of the
ny long enough i quite time that the COMMITTEES. Of Con
those committees should begin to consult the wishes Of the
III that they should what
siisy the of oses and boundaries and cosine and
cotton mills and wooenn but what 10 just and those
wooenr and the coons This Is not done; the lords
Of the ills speak through the mouth Of the President Of the
they are dictstil b 70 The Committee Of wsys and Means
Great hsys been By many sesOns
country BY srjq laws passed n obedience to the demand
s o sa' great 1S' Sns
this should lead to the downfall OF Government Hitherto
however the people country have been oppressed BY
powerful and compact mlnoliie,. Laying aside the fact that
small classes Of men, united by very perfect mutna under
stasdnf and wisl 'Is large capitals oen dOmnser
State Legislatures ii is certain thal the laws CT this
country have for past been framed BY minority
sion since the with Britain and the
have been be to obtain in the struggle egsn: their sprs
s,stennever complete release from Ii; The oigsrohy Of
owners and equally bound together by interest aud
concerted psRs q ssOn have held The 5IinP puhc Offices
country with and gorous control for many years
past We srggedin struggle with that oisschy now
while we are thus engaged TO step ia aud raise the
tribute money we pay them to the old rates What we have
Other Governments are be aEng the letters which have re-
strained their intercourse with each other sna adopting
.D,e pledge Of enduring entity sad peace between nson En-
and mutually ischievoa. prohbitive system in their
wh each ober II will dahonor the eyes Of the civilized
the wisdom Of eaiOn boud in tho time be
picking up The broken eeIs Of that system and putting them
lor our wss II any such bill should
be introduced into Conress by the Committee of Ways aud
be ready to assist in giving s death blow If do meet
it, anelus nom HEM viii probably be rejected IS WI rich,
,at'isction Of giving It his signature"
DEAR SIR; You have been invited 10 lay before
your readers TIE arguments in favor Of such change
in commercial policy should tend to produce di
vescation in the demand for human service thereby
increasing the power Of association end the productive
ness of labor, while relieving our farmers from tax of
ten times more oppressive than all the
taxes required for the support Of European fleets and
invitation having been given in the hope
that by s acceptance you would make manifest your
wingre 10 permit your readers TO zee both sides
your entire confidence in the accuracy of the econom
cal docrnesof which you have been 30 long the earn
est advcca.e-and your disposition TO espouse the
cause OF TRUTH on whatever side she might be found
That you should have failed to do thin has been TO nc
cause Of much regret having hoped better things Of
Hover of freedom ike yourself. Resolved, however,
that my readers shall have full opportunity 10 Judge for
now, as you see place within the reach
Of the great mas of the protecobss of the Union the
reply that you have just now published, sincerely
hoping that they may give to it the most careful study
and thus enable Themselves to form correc. estimate
Of the sort Of arguments usually adduced in support Of
bat British freerade policy which has for iis object
he limitation of our people TO single and distant mar
iet for their products the maintenance of the exciting
critic tax Of tran'portaton-and the ultimate redue-
ion of our whole people to that state Of colonial vassa
zee from which We were rescued by the men who
pade the Revolution.
Aspresented by me, the question we are discussi,g
not Of the prices of cotton goods but of human free
ON, and in that light it is that have begged you
hould consider IT, In support Of that view, / have
reed upon your consideration the facts, that every
itish feeIade period has closed with one Of those