Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1864-12-22

nth ie 20 b. derived, aud tfeif value an f0iows;
1000 900 bales O,ttor; at 5000 psr bsls-'he
1.-THE ,,............,..... $40 900 600
200 900 coo bushels corn a, 81 per brs,sl,
the 1.-THE. ACKNOWLEDGEMENTS. 40 900 00O
IS 100000 bushels wheat at a per bushel.
the tithe Observation-Disclosures. lOUUOOOU
10000 DOC
II We suppose the cotton to be eli exported land but
ara, mars will be rssined for domestic use) and IN
m yslen. Import to be received IN reur', the pro-
oosrd au,y Will yield from that single staple ard lts
s,cIo.os reserus Il eighty n Il IN dollars. II the
chs Z 70, OF every hind, which it is not esson.
be ,ste at o s-fourth the value of cottoD, and
the ib1c- csived in exchange be sdded, instead Of
,iusty ~ llrr which the orstsry exp-cts from bis
scbsus rs have revenue Of one hundred million
drtars In the Calculation the imports era assumed to
he of quail value with the exports. As the latter con.
,Itutes the fund ~th which the former must be pId
for for series Of ysrs, this s substantially correct
For limited period may lock for an excess Of i'm
Dor 8. The ravages and exhaustion OF pTotractsd
var " Il render necessary the early introduction Of
Irgs foreign eur pes which domes 10 enterprise hss
not been al ls to replace and which indispensable
10 our in iustral pursuits This II be restrict
by the or dit that enables us to buy, ard will g'sdu-
= IL disappear. Nor have considered that creased
Y. us of pr Guc!s received In eIch'nge for cur own
wh ca ea urt the szpsnsss tnd profits Of the trade
II thu estimate Of the amount of pro ro!lons be
dsensd too large land Il Is certainly 10
tall with any accuracy Whit will be our re ourcsh after
waiting and iDde6 Ito war, still In progre&) they will
obtain in my opinion al asst 10. several years.
Ooniidsrii the cotton crop then annually at two
m lion bsls, Of 6O0lb. each aud lie value sentyaIe
csnts per pound and adding but one fifth for the other
eIports, wa baVS revenue Of thir mill ons increased
10 az by the addition Of imports from the small ad
Vslnrtm tai Of ton per cent.
The fum derived from he silent and effective
operation of law lsvying da!ies upon our foreign
tsde, easily and chesply colleoted, running counter
20 no popular sentiment, nor calculated to provoke
resistance from the pubic, will must prove far
greater support to the national credit aud reiny go
rate confidence shan any pre- missed results from tar
Ia kind In these the Gre ditor finds sssurapcs Of
more faithful execution Of the public ergigemen's,
AID OF more certain and substantial results
"a The amsndmsnt introduces no new aud unWse
principle of public p Icy.
Fer three quarters OF century, with few and CO.
easionsl exceptions, the revenue Of the Government
Of the United Sates has been derived manly from
duties on inp SFtations This form Of indrsct tsIa-
ion s fou,d 10 be eoDyerien, simple aud consOnart
i he hLvits and leflPgi Of TIE people. IL is au-
thor In the Constitution 10 essential to our success
and IL expected 10 be psIseversd 10. In this Way and
40 other can The expenses of the war be paid When
the TetuFnir tide Of prospsr shall sweep over our
land aud Gffacs the defoAlions Of war, we may rea
souabIy exp vet q foreign trade. upon which the impo
slton OF iudieous and reasonable tariff Will Yisld
ptineeiy income. Niss hnu piuuent s1aWsmsnrniP
you'd sugkes; no novel and uniried hnsucisi expert
ments when ths observsnce Of well.approved policy
has 30 msry sud superior tl tims 10 lie favor.
81. Tie proposed tsE will fail t$,usiTe'y upon the
s,rplus OF ur agricultural products and thus be.
comes the measure Of cur prosperity.
II all tie productions OF the soil are required for
tome con npt o., mons will be exported and with
out means from Ipors, there will be no importa In
eli eve, no tax WIN be collected and no burden bs
int oss3, Al these more than sufAcs for the wants
OF the peoria the excess Will Re'ka foreign market
and In urItbe duty Ia Ike manner, will the tax fell
pos the or cle brought iuto the o1unlry In return.
TIE trx is THUG collected only under circumstances
admitting easy payment snd il practically tar ia
kind upon the surplus products OF the country.
All AninpoItsnt adv antsgo is secured In the in
renee upon cur edit eb'oad
The adv Gates Of the bill lsge In lie support the
aruued CT that treasury notes will accumulate 10
hauds of Planters who will thereby have strong
aud direct interest In upholdinR the pubic fssf--
TIE argument is fsllacl0us. The notes will be gath
red AT cid by such as have means to spare, aud
NAV elsst 10 invest in This form OF the pubic seOu
dties -bY farmers no Mora than by others. Those
of hsyi s1rn ua fu5ds will DO unaba to retain the
rosl L tht iSutsr 6nds them Vslusbls In paying
tis future tax. 10 kiad they will be not less so to
he copasmer 10 may desire to make provision for
his futura eufp a. -
narest is a.trsoled TO potss which can be usfd 10
payment OF du los upoo foreign trade With the re-
urvsl of the blleksde and tho revival Of commeroe.
A who, a. CO sumers of cur products or manuiac.
ures and uaksrs Of what We mead, are cotesrned In
ur trade would find use for the rotes In the pay
meDt of tie duties on both Many of the notes Issued
under the proposed guaranty may not uuresonsbly be
b, expected TO pass TO foreign lands, and there 90
gathered up sua hsld soFtAs purpose ofPsyhg ds'