Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-07-12
lFrom the View York World
Free Trade and National Revenue.


LrEsEE, Secretary.
lFrom the View York World.
Free Trade and NATIONAL Revenue.
The future historian. 70 whom We are all so
ford OF appealing will pretty certainly come to
= good many conclusions as to the origin OF The
great civil war which DO not Just DOW fnd cur
rencY in the Loyal League; aud It Is gate within
the limit Of probability that the overthrON OF
tbs Nss England system Of perfection" BY
means Of the national debt, which has been ere
a,ed in no neousderabe measure 10 defend Il,
will take it, place ip those pages yet TO be "a
case OF relrioative justice little less remarkable
than The downfsll OF slavery through revoln-
ton attempted largely in the interest of that bar
barrie institution.
Less than forty years ago the dissolution of
the Union was threatened by one OF the most
moderate advocates OF New England "proiec
tionsm," on the floor OF the Senate, as more
tolerable alternative than the establishment of
free trade ia America; and The indecent haste
which the New Englanders in Congress made to
avail themselves of the outbreak of the civil war
as an opportunity for imposing new letters upon
American industry and enterprise, gives perma
nent, Noticeable color TO the assertion, that
local lust of Caenmercial despotism had no small
share in exciting the heirs of the Hartford Con
efCccslOui-ts
As. to that display of loyalty 10 the Union with
which they sstonished the nation four years ago
Be this as il may. the demands Of the nstioual
treasury, charged With protecting. not New Eng
land monopolies, bot the nations credit and
good faith, will inevitably compel, and at no dis
tant day, a complete revision of our tariff, aud
tee emancipation OF producers and consumes
throughout the country from the thraldom OF
legislation for class, as the only practical way
of filing the nations sxchequer and saving us
from public bankruptcy.
To that dishonor the country will never sub
NIT. President johnson spoke out well and
plainly for the people when he announced this
truth the other day; and the haste which the
leading orator OF New England. Mr.. W endell
Phillips, recently made to explain away his first
tentative effort to feel the puolic pulse in favor
of reputation ia asreeably significant in The same
sense.
The heavy daily subscriptions now making TO
The new issue of the national loan are really sub
scriptions, had the New England mind but wit
enough to forecast the future ahd see it, to an r-
resistible free trade league, by which protec-
ton +" will be swept from the new world 80 it is
already disappearing from the old. Mr. Jay
Cookies daily announcement OF increasing indi-
vidual subscriptions to this Iona Cnumbering
nearly four thousand. for example, Oh the Sd and
of all who understand what the real bases are OF
nations progressive ability TO handle great
financial burdens.
We are standing to-day 10 this country in a
position singulsrly analogous lafter proper al
lowanee has been made for our immense adyan
tages in the way of territorial area, and OF &C
tual population also,) to the position of England
after the wars of Napoleon. Her subsequen,
history is full OF instruction and OF encourage
ment to us. Financial law will assert itself as
vigorously on this side of the Atlantic as on the
other, and the bigots of protection in the North
may read their inevitable doom to-day IN that
which has overtaken the bigots of slavery at the
South
England came out upon the peace OF lolJ
with rigIdly protectionist tariff. Mr. Pitts
efforts, made after the American war OF 1883, to
emancipate British commerce had been aban-
doned in the face OF the stress of the French
revolutionary struggle; monopoly reigned su-
preme in the name OF national revenue; and the
financial troubles OF the nation, being attributed
to deprecated currency, each new twinge OF
national uneasiness was followed by fresh turn
upon the screws of customs duty. By the year
1920, England was melted all over with artificial
interests She was blessed With no fewer than
fifteen hundred acts of Parliament relating to
customs and navigation, and intended to gather
up gold into the Golfers OF the state; her domes-
tic agriculture was " protected by the corn
laws; her domestic manufactures by prOhibitory
duties upon all products of foreign looms, and
workshops, and factories. The West India
diferential duties hedged about her colonial in
terests; the monopoly Of the East India Com
pany secured to her the =" control " of the com
merce of the Orient; her " navigation laws .
bulwarked the ocean empire Of Britain. Ii leg
islation could make country great, prosperous
and happy, England. In 1870, ought to have been
the greatest, most prosperous and happy of ma
tons. Such. however was far from being the
fact
She raised, indeed, gross annual revenue OF
Esq 900 600 sterling; but she saw her poor
increasing moro rapidly than her revenue. and
her expenditures keeping steady pace with them
the rate of growth of her population falling off;
discomfort brooding over her cities; agrarian
violence blazing out in her fields and hamlets.
Led by Alexander Barring. her more enlightened
states men. in 1895. began the battle of her com
mercisl disenthralment in earnest. That battle
was fought out through the lifetime of genera
ton, till il was finally crowned and sealed with
victory. in the Parliamentary vote Of November
90, 1852, upon a motion made By Mr.. Villiers.
which vote endorsed. by msjority os eighty
voices, the policy Of free trade. and set the
British people free for that splendid career of
general prosperity which has made the last decade
of their annals the mos. truly glorious chapter
Of them all
Between the years 1915 and 1855 England
struck from her revenue list no less sun than
tl3 500 GOO OF annual duties, and yet not only
is the annual revenue of Great Britain to-day
within one ard quarter millions OF pounds of
the amount at which il stood before a single re-
mission took place, but the Government is ad
ministered now over thirty millions OF people at
an average less than il then demanded tor al
ministering the affairs of half that number of
souls the poor rates have fallen in still more
surprising ratio; and the commercial, manufac
turing and agricultural industry of the empire
mas increased its annual productiveness out Of
ali proportion to the Increase either Of capital
employed or Of human beings engaged in the
work. The story OF free trade and its results
cannot possibly be summed up in figures; but
10 those who suffer themselves 20 be deceived by
the lilly eroaking OF fossil fnancieTs about the
dependence OF public revenues upon customs du
ties, the following figures" NAV prove useful
and wholesome:
oRoss BEunS.
lSeo .f59 100000 1853 ...... .e5s, oOoo0
oSoss rSPrSnIruRx 90 eRrAr rmrAiN
ise0 ...... SIS soo,OsO lsG3 60, 200 600
In this latter year. 1853 we may add, the re-
upon which the reduction and suppression OF du-
tee are often supposed 10 exert the most fatal Of
fccts, amounted to E7O0 900 more than in the
year OF protection, 1910
We need hardly remind our readers that after
further expansion ofthe principles OF free trade,
By she establishment under Mr.. Cobdens aus