New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-07-09

]
Millions those of any other previous year. and were
several Millions in excess of those of the tUo pre-
oeding years added together; which were
1861 SO 2ji g66 le6l-j. ....... .si9,sJ3939
| Aggregate. ..-...-...--. .SlJJ,Oe5 30
Our Imports of Metals, Tea, Coffee Sugar, &C.,
exceed $1,000 900 in cost: 50 that the Custom
House value in gou Certain to be less than the actual
cosD o the goods landed at this single port during
the fiscal year just closed can hardly be less than
Three Hundred Millions of Dollars equal to $780,
600 900 in our currency If we that only one
third so much has been imported at all our other ports
| from Maine around to Oregon, our Imports for the
last fiscal year must have cost abroad in gold over
-Four Hundred Millions of Dollars equal to Six Humid
! red Millions in our Currency.
How are they paid forl There were about Two
Millions of bales of Cotton in the country when the
! War closed whereof we have exported, say Fifteen
Hundred Thousand bales which may have brought us
/ $780, 900 in gold. We grew little Cotton last
year, of which we may possibly have exported enough
| to increase the sum to Two Hundred Millions. We
have exported about 800, 900 in Gold and Silver
which is more than we have produced reducing our
stock below the amount we held when the War closed
We have exported some Corn, little Wheat or Flour
some Meat, &C.: but our total export, aside from
Cotton ana bOui must iaNc "Oi""
One Hundred Millions in gold value. Then the heavy
interest on our Foreign Debt-which cannot be less
than Sixty Millions since our indebtedness to Europe
in the shape of National bonds, State bonds
Railroad stock and bonds, &C., &C., can
not fall one farthing below One Billion OF
dollars-is left wholly unproyded for. This Sixty
Millions, with some Forty Millions current balance
beside we have added to the principal of
our debt; and going on in that
way until Europe shall be unable or I'M
willing 20 trust us further. What them Mind that
all our debts abroad are eoH debts; We do moi Tighten
them by further depscciaing already shamciully
deprecated Currency. What can be the result of a
refusal of European merchants, bankers and capital
lists to trust us further but National and general bank
mp,cy'
Now there are three possible ways Of ayerting
crash, which, unless ayertcd. is incyitable
!. Every one may become temperate virtHous,
thrifty, modest and frugal so that we shall cease to
buy foreign silks Wines, Lace' Cigars, Broadcloths'
knickknacks and gewglws, to any such extent as we
are now doing AMI thus turn the balance Of trade in
our favor.
2 We may so vigorously contract our Currency as
TO force substantially like result. by disabling our
people to import and purchase as they now do
g. We mar attain the end in another way, by so in
ereasing our duo, Oh Imports as to exclude large
proportion Of thcm By rendering profitable the pro-
duoiion Of rival products of our Home Industry.
Now OF these three ways Of attaining the great end,
/ we approve and favor each and all. We do what we
can 90 render our people industrious, frugal and
thrifty. We do our very best to promote such con-
traction Of our boltcd Paper Currency as will reduce
our Imports OF Wines Tobacco, and other agrioub
/ mra products. as well as Of Metals, Wares and
/ Fabrics. And when we have done all in our power
/ in these WAYS vein strict accordance with the Po-
lcal Economy We learned in the school Of llezekiah
| Niles. Matthew Carey, Henry Clay Rolln c. Nal
| lary. Walter Forward aud their compa'riots-urge
/ Congress to increase the duties on Imports 4.
That we believe such increase demanded by the
true abiding interest OF whole country, of every
section Of it, and every producing interest in it, there
is not one of our reviers who doubts Let them rail
and deflme as they may they knoo that we are acting
to-day in strict accordance with tho convictions and
the professions Of thirty earnest, active years.
How, then. are such arguments for an increase Of
duties rs Mr. Morrill, addressed to the House on bring
Ing in the Tariff bill, and as We submit from day to
day, replied to'
which in Chicago disgraces the name of Tribune:
Tho Illinois member bcirays thc OF the West
and Of Tie Naon' Treasury by supporting ihe prof. bioy
10 vote H. advise him IL pay advance. AMI
charge the spectators enough 20 email him 10 retire
from Congress and spend the remainder Of bis Ike Infamous
i IL such borcfaccd cheat that in the community
who hs not stock goods on hand tho sale OF which be
expects rob bis uegAbr from 20 to 100 per cont Of hcr
value can fa to and denounce It, Those who have Tue
In boz charge deserve the execrlton u I'll true Republicans
rutoducng element Of dscorl into our ranks on
tie Of important election II Anan,w johnson has
grain Of political sagacy be WI yto ne ~ ana SCI ims
M md the champion 0f the people defending them against
tron aud robbery aud protecting the Treasury and The pub
credit against lho enormous deficit winch WI Dc created
by the sudden stoppage Of rogcnue nom customs.
Here is the argument Of the thrice.proven false
prophet known as The ErsHing Post:
What shal tLlnk 4 ruE fRBCSR that disinerot'd
friend q tho AnerG.n aI%sr ih,, i"maeaIe patron
New York aud almost nlone among the respectable hews
papcfs Il the United States supporting measure whieh is
o DECLARED to DO hafl alike to East West and South md
whose obvious purpose Is TO enable few wealthy manniic
tucrs aud ow Of stocks II goods to cheat the farm
efs mechanci ~ America out OF erearnins by putting
up names We fnrbt The Smndrs' Orgrn
ana tis Smuggis mint; might ask 10 about H 'pl
who themselves hundreds Of Thousands OF doar
SS la se iecae rare II such asts aud ih
dnonrcc I'm ruiuSG and The other newspapers supporting
this tlr-if hcr6 any olersas purchased journalists
and paItrv peuogecl' in the interest Of this swindl r.
tariff But leave such phrases 10 nE TRIBUNE we prefer
10 expose the wrong which II helping few frccdy aud m
men 10 peipetrac; and Ike 10 believe that iE
IRBUsE priner 10 this atrccoas cheat but merely
convenient tool 10 the hands Of the swinders
The public is quite aware that the great and good
Henry CLAY was beloulcd by The Post throughout
his long and lofty career with just such indecent
blackguardism as the above We might quote col
umns of Post editorials wherein he was held up to
execraton with scurrility fully equal to that dis
played in liz attacks on The TRIBUNE. But this
superuous The Post must be The Post; SO let it be.