Wilmington daily commercial., 1872-03-13
TIE NEW YORK PRR. $.
EaltorlaI Extracts From the Grrar Dalll'
THE LONG AND SHORT" OF IT.
rprom the Nav York Trthuue.1

THE " LONG AND SHORT OF IT.
[From the New York Tribuue.l
IL it be correctly reported that the Senate sub |
Committee on Commerce have agreed to report |
bill authorizing foreign built steamships
to be registered as American, we may
be quite sure that such provision will ever be
enacted into law II looks to us like practical
surrender not only of our foreign but of the
better part OF our coasting trade also to Europe.
NOW, LET THE LEGISLATURE COMPLETE THE WORK.
From the N. Y. Herald.l
The duty of the Legislature is clear. law
should be Immediately passed without q days
unnecessary delay, confirming and legalizing
every act Of the board Of directors yesterday,
and establishing the new board in power beyond
a aperadventure. This is due to the character OF
the Legislature and TO the stockholders of the
Erie road, who have already suffered enough
loss and injury, and sh Jnl be protected against
litigation. The bill already before the Senate
should also be passed, notwithstanding the
change in the Erie direction.
THE ABOLITION OF THE GENERAL MONOPOLY AN
OTHER VICTORY FOR GRANT.
From the N. Y. Herald.l
This is General Grants work, and here we
have another Of the many examples he has given
us Of his fixed purpose and policy Of retrench-
ing expenses and correcting abuses are shown to
exist When he went into the White House he
had everything to learn Of the machinery Of the
government in its various departments and OF the
manifold abuses and corruptons which had
crept into almost every department But he has
| been an apt scholar, and has learned much
| and done much in the great work Of re-
| trenchment and reform and it is in
this pratical knowledge of public affairs gained,
| and in the good use to which General Grant ap-
| plies it, that we find his strongest recommenda-
| tions for another term.
FREE TRADE A SINGLE IDEA, PROTECTION A aREA1
PRINCIPLE.
From the New York Tribune.l
British Free Trade harTs on the single string
of prices. ''The poor mans coat would cost lest
''if it were not for the Tariff An assertion
which has several thousand times been demon.
strated TO be false. If it were true, its irrele
Vancy and worthlessness would be felt by all the
men who cannot sell their labor, and who, con
sequently, cannot buy coats, cheap or dear
Protection. on the other hand, does not concerl
itself about prices, but leaves them to be de
termined by the quiet adjustment between de
mand and supply. Protection aims to defsnt
our country's young industry against the natures
industry OF foreign states, and to give complet
development to our material resources, our in
genuity, our enterprise, our capital, our credit.
THE EFFECT OF THE ERIE OVERTHROW.
[From the Herald.l
1t will restore our credit abroad and our sell
respect at home. The verdict Of the people a
the last election was rendered as emphatlcall
the destruction Of the one without the annilatio
: of the other would have left the work Of reforl
= incomplete. A few days will disclose q history
. proaigacy and crime that will astonish eve
those who have properly appreciated the chara'
Q ter Of the men forming the Erie Ring. Th
books are in possession of the new board an
I the attempt made last night by Gould or his on
ployees to abstract them from the safe shows IL
= desperate straits to which the conspirators al
q driven.