The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-09

Il IS but j1sI 10 Mr. Mcouloch here 70 say that he
does not pretend that the principal OF the five TWEEN
bonds are silent upon that subject, and that
cluslon s excluded by that very silence lt Just
question has been discussed 10 the House no lawyer
when the bill was on its final passage the question
msee o Wsys and Means and as Answered
by him that only the interest was payable in coin
silent upon the subject Of currency Il Is always made
payable In nonty, which means the legal tender OF
/ fear, however, celebrating this point ad
broker can enact laws and afterwards enforce them
argument and Il VIII not be perssvefed in by those
who have sufcient strength to carry them genteelly
am going to state may set New York editors and
6Owery fields and golden images Of chiriqai and
Goifonto; and yet I shall venture % say that Il
she could tender and pay not only the principal but
express iy contracted to be paid in coin. The law OF
legal tender means this or II means nothing. Let not
Xsiatics would ever think Of such an act. however
stF&ors to Violate the Jaw and tSer sworn oaShs to
double the revenue which the public debtor is pay
What would be the difference in effect between the
as he aeP PGSe Or excve IL cSS
Snce I1 81 had Calculation made when brought II
bTought IN three bills hoping TO save TWO or three
gold room was mucn louder than what was pleased
70 call the voice Of reason and what stll think de
Take the number Of millions which, through six
and q TiD9 some Ons you'd
appalling. Take sloo and count it into greenbacks at
ysTf 81 use dsy one
cestnF ths thai much ope ere SaS gSS
the legal-tendeTs. Take 100000 and suppose the
much as FOR ali articles which the Governmens s @ I
daily for year that rate and you have difference
Of $SS @ 5St, ,GOo IN favor OF gTeenbasks:
ops yss 70 more 81 wan tsG6 0 Pc a
during the war, upon an average of three years, IL
would amount 10 slG42, 500 900; and this vast sum
the same length of time rate of expenditure, aud
against legal tender which answers ali the PURPOSES
solid metal and which has never been complained
there such headOng desire for the resumption Of
TO 1t alter her wars, which left her less debt
She was not able to resume until more than eight
years alter cessation of hosLiities notwithstanding
world. Notwithstanding she had circulation but
e TSSO 2S & Is she ns aspSsd d by the free
her own classes is more useful than 5000 600
G % al BE- ns S
ton-cripped. hpmpbaeked ed.shouldered as
sdVantage is taken Of crcumsta6ces by the English
| but her farmers and mechanics 0'
We have heard great praises bestowed upon Golden
her late treaty alter he had succeeded in aboshng
NaylsalOn act. The most stTIngept that eyer pro;
fo esn Competition gave to England tbs Command
or EnssS S%Ts % sssS
nations any Industrial advantage in S mechanics or
power to prevent It, as the late treaty with France
! Alter she had driven the FIemngs from the ocean,
to anG sas Ese Se STns 10 $ aSd Sssn
tho Snd %Sd om TT 9e hsd f hs
| naughty flag, and no longer threatened TO sweep
act Of the common%eair6 Of England was inIFo
a W % 6eS nations 20 % h mofs se
IouS haIbors and ports, England surrounding the
to project her own people e against gain the eaqeGoachng
call out almost audi6ly 10 each other-'Watchman,
what of the nlghtY'
All thswa produced by the protection of the in
dusry of the country wherever she could protect
without interfering with some other OF her own in
stroke Of beraty and tree trane, in that treaty with
To- e H5 mGsi s9
Of the looms of Lyons aud the spindles of Marsees
Of FraL &c to use what before taken to ISSg-
aT hn1 as dna S s0 'eeeSH ana WOOL be
across the channel to be spun by English splnners
and woven by English weavers after it had been half
wT6ngh On It's native STEM and then sending back
which near the spot Of its production twired the fly
third Of the export duty from the English tariff on
O GSiaTs cost Of sone ws aeE which %
to drive their motive power: You are aware that all
England furnished in ample Quantities OF the best
duced only quality, ana at an eIpeusiSs
rate That SnSte sG article in the Golden treaty Ta
left other nations precisely as they then stood with
ference 70 them. BY this article doubt that Eng
sh operators saved more and imposed In the aRgre-
gate heavier duty than any American tariff ever
levied upon the importaions of England. How cum.
ming are American econOmists to shout pseans to the
tree trade of England and France, and exhort us to
follow their noble examplel VIII one never be
shallow examination OF the teachers OF political eco
nomy In this country-the miseaders OF the valley OF
not strictly connected with what we are consdering
do not know whether this NOT proper place to con-
| puzzled and somewhat amazed me.
That question regards the conduct, not OF our Exc.
upon the subject OF protection By our Constitution
oil export du ies are prohibited, That Constitution
ces Of any account in our foreign trade, and evil
IDENTIFY Intended 10 prevent the power OF checking the
COIN laws o Which sd hssyv dnS pen S3e
the importation OF all grain. But there is now
dana or o. an nor of an excessive
| cultural products of this country; and the only
9Sr reYenue ennonaIae 1S s1OIs autes Ineseass
our foreign trader admit that with the exception
they would never be resorted to- for would Increase
the prosperity OF no part of the country. The great
many other countries OF Europe, dependent solely
upon the cotton OF America. II believed before
countries cannot, or win not produce It OF suitable
kind, even at a cost or TWO or three times that al
Hence ID follows that an additional burden of one
half the present natlye price OF cotton could be i'm
| then were to impose export duty OF one two or
three cents per pound, II would be just much tax
much Of clear revenue put into the Golfers OF the
| United States. How much that would produce, with
possible to adequately estimate, Heretofore our
pOrB OF cotton nave been high as l6lb0 pounds
per annum, and for years have averaged lOOiSS2los
The Increasing business OF the world will no doubt
average exports OO2 pounds per annum, which,
az three GEMS pound e&P3TL pc H. GUY, woula MAKE