New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-06-15


diatribes.
We dare The Post to compare the provisions Of
this Tariff to which it has objected with the cor
responding provisions of the Tariff of 1923, whereof
its oracles, Martin Van Buren, and Silas Wright,
were chief architects We are confident that the
Tariff of 1860 viii be found more moderate and
less obnoxious in every respect to the structures of
The Post.
But the features Of the proposed Tariff to which
The Post most objects are mainly those which most
commend it to general favor. Its Specific Duties will
greatly tend to prevent fraudulent entries and to
simplify the assessment and collection of imposts.
Its increased aud unnuctuating duties on Iron,
Steel, &C., &C., will rapidly and largely extend
the production of those metals on our own soil,
and diminish their importation from abroad. In
stead of shipping off more Specie than our vast
annual product-as We did last year-or running
more and more deeply in debt to Europe for Metals,
Wares, and Fabrics, as we have been doing pretty
steadily. since the fatal Tariff of 1876 took full
effect, we shall produce more import less, keep
our gold OF home, pay off our foreign debt, and
secure far steadier employment and better remu-
neration for our Labor than we have recently had.
And it is the prospect of this that causes the fears
of the importers TO find utterance through The
Post
Mr.. Buchanan's Administration has imposed
considerable funded debt on the nation, such no
Government should incur in time of peace. To
add the Twenty Millions of Treasury Notes to this
debt would be every way impolitic and wrong 1t
is time that We stopped running in debt and began
to pay of, and the passage of the Morrill, House
bill would insure this result. True, its first effect
would be to diminish Importations, and this might
keep the Revenue for time at or near the present
standard; but soon the increase of Home Produc-
ton, the gradual conversion of involuntary oilers,
living on next to nothing into well-paid, well-fed
workers, would cause our Imports to expand to
their present aggregate and beyond it. Our I'm
ports would be relatively less but positively more
than now, because of the immense expansion of
our power to consume aud to pay. The agricul-
tural valley, which now buys its Iron from Europe,
would buy less Iron after furnace had been put
into successful operation therein; but its busy
thousands ofminers, choppers, teamsters, furnace
men, &C., &C., would very soon consume larger
aggregate of foreign goods and contribute more
per annum to the Revenue, than that valley has
ever yet done. And this instance illustrates a
general law. If we were this day making our
own Iron, Steel, and Cloth, our Imports would be
relatively smaller but positively greater than they
now are.
We trust, therefore, that the House will not
tamely succumb to the Senate with regard to this
vital matter. The raising of Revenue is the spe
cal prerogative Of the Commons: it is contrary to
the spirit and plain intent of the Constitution that
this vital power should be engrossed, or even
equally shared, by our House of Lords. The Sen.
ate has repeatedly engrufted very important unre-
lated measures upon the Appropriation bills: it
threatens to do this with regard to the proposed
new loan to fnnd the Treasury Notes; and what
can be done by that body may be done by the
House also. If the Senate shall succeed in fund
ing the Treasury Notes without consenting to an
increase of the Tariff, We must believe the House
majority deficient in courage and resolution. And,
let it not be forgotten, tho,e who decaim loudly
against what they style the Morrill, Tariff have not
seen fit to propose any other.