{"newspaper_name": "Mobile register and journal.", "edition": "01", "page": "p2", "byline": ""}
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We conlintN to-day the report of Secretary Walker on the Fnanres. The argument against protection is well condensed and cogently put. The following are the principles laid down in the re- por:

 That only so much revenue should be collected than IS necessary for the wants of the government.

 That no duty be imposed on any article above the lowest rate which will yield the most revenue.

 That determinations may be made below that rate. or that for sufficient reasons article may be luade free.

 That the maximum rates ofduty should be placed on luXurIes.

 That minimums and specific duties should be abolished and ad wlorcm duties substituted, with strong precautions against fraudulent. invoices and valuations.

 That such duties only should be imposed as would operate equally as possible upon all parts of the country and all classes of industry.

 That horizontal scale of duues IS inadmissihle, because il would operate unequalIy and uniusily would be an abandonment of the necessary discrim- nations for revenue, and might iaI to provide suI- fcent revenue.

 These the rinciples of the Presidents mes- sage, discussed at more length. They shew gra- tiy ing harmony of principle between these hlgli lhorities in favor of Il just system of moderate and equal taxation, and gives cheering promise that the days of partial legislation and exorbant taxation are drawing d close. Unless therefore, congress should run into excess of expenditure. new exraVagances, such as are shadow ed forth in the huge schemes of the Memphis convention, and others which would flow from the doctrines which found

 favor there, the protective system is about expire under inc blows of the democratic administration But if we to embark again in internal improve ments. the tariff question will be forecosed at The question will longer be how to adopt the ta- riff fully and equally to the wants of economical administration; but how to find new objects ofIaxs- tion, and how to raise the largest possible amount from every possible sourco. We trust however to the good sense and integrity of the democracy in congress and the lrmness of the President, not to suffer the protective principle to be placed beyond the reach ofthe people, by counlenancng the magni- fcent schemes of expenditure which enanate from Memphis.