The eastern clarion. [volume] (Paulding, Miss.) 1837-1863, 1861-04-12
The TWO Tariffs. =

Yesterday the new tariff Of the North
eI States went into opefation--the meas
IRE Wl1ill = fuirEali unsa. a vide noto-
riety as the @M0rfill Tatil Conn FGd
with the tariff now in operation in the
Confederate States the average rate of du-
ties appears very high. But when we
compare it with the new Southern Tariff
proposed at Montgomery, and which will
be adopted as soon as the Congress re-
assemblies there in May, the difference be-
comes still more marked and conspicu-
Gus. 1t is estimated by the New York
Herald that the scale of daties averages
about double the Southern scale. In 9TH
er words, a cargo of foreign goods that
would have TO pay one hundred thousand
dollars duty in New York can be landed
at New Orleans by paying only half the
money.
1t is easy to see what will be the result
Not only will most of the importations of
the country be brought to Southern ports,
but the Confederate States will collect the
revenues arising therefrom, and thus have
plenty of money, while the North will be
without means to carry on its Govern
ment, and its vast army of importers and
factors, who have grown rich in the busi-
ness, will be broken up and dispersed.
Already they are becoming alarmed, and
calling upon Old Abe to convene an extra
session of Congress to repeal the objec-
tionable measure; but Old Abe is too
busy parcelling out the crumbs and dry
bones, which grave the Executive table,
to the beggsrs standing at his gate, to give
heed to any of the grace duties and re-
sponsibilities of the Presidential Office.
d 4 Il r Al. -
elected members to the next Congress,
and some OF them do not elect until No
venlber. And thus, at best, only about
half Congress could be collected, and il
would consist mainly of those who voted
for the Morrill, Tariff, and would feel
ashamed to undo the work which they
had deliberately done a few months be
fore. 1t is a curious illustration of the
lack of all practical craftsmanship in the
Black Republican party that they cannot
frame an important bill having reference
to the revenues of the country without
doing it so awkwardly and clumsily that
they have to pull it TO pieces and recon
struct it almost before it goes into practi
cal operation.
Even if they repeal the Morrill, Tariff
and come down to the rates of the South
ern Confederacy, the South would still
have the advantage No matter how low
the Northern Union might put its rate o.
duties, the Southern Confederacy can pu
theirs down still lower, and keep the ad
vantage. If they should continue to un
derbid each other until both arrive at ab
solute free trade, so much the better viii
it be, comparatively speaking for tbs
| South, and so much the worse for th'
North. At faSt..we have the bulge" OF
the North, and it IS oqS>i2terest as wei
as our duty to keep.it.
1t is a noteworthy fact that on u.
same day the new Morrill, Tariff of tn,
North goes into operation. their Secretar,
/ of the Treasury, Mr. Chase, adVertises 10
fresh loan of eight millions. 1t is onll
| about six weeks since the last eight mil
lion loan was effected, and now her,
comes another one for the same amount
Although, few years ago, United State
securities were up as high as one hundred
and sixteen per cent. above par. the eigh
million dollars worth of bonds in Februa
ry were sold at very little over ninety
depreciation of twenty-five per cent
What the new eight million will be takel
at, or whether it win be taken at all, re
mains to be seen. Capitalists, when lend
ing money, have an ugly habit OF lookin
at the security, and calculating the chan
ces of repayment. The prospect, in tn
present case, does not appear PARTICULAR
brilliant; and if it is further, understooI
that the money to be raised is to be en-
ployed in making war upon the South
the difficulties in getting the loan take
will only be so much the greater.
A few wears ago, when Pierce was Pre-
ident, there was such a supertiuity of cas-
in the Federal Treasury, that Mr.. Guthri,
the Secretary, was bothered to know wha
to do with it. He at last hit upon th
expediert of buying up the GovernmeT
bonds before they were due-paying
premium for the privilege. Government
unlike individuals, are not in the habit {
laying up anything for rainy day, or ell:
Old Abe would not be in the straightene
circumstances in which he at present fine
himself, with no pecuniary oil wherewit
to grease the wheels and cogs of the Fe,
eral machine. As it is, his Governmer
is nearly one hundred millions of doila
in debt and yet has to keep on borrowiI
with no prospect Of payment ahead, ar
with a credit almost ruined-all of whiC
/ has happened in consequence of inaug
: rating the ''irrepressible conflict" wher
) by the South was to be put down and b.
r institution Of slavery destroyed. We {
not wish the Northern people any harT
but We trust their present difficulties w
! at least have the effect of teaching the
D some common sense and some regard {
, the claims of justice and right.-N
7 Crescent.