{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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destroyed for time, the party then In power. The
trade and finances Of the whole country derangd
and the popular cry for change Of some sort; and
to produce that change the people dste eimned upon
change in the government The contest that must arise
between the government and the State banks in relation
to the subTreasury scheme, may lead similar results
The banks may upon the removal of the dsposes pro
duce an expansion in the currency, that will lead to an
expansion Of credits and Of prices that will bring bout
in four or i've years revuon similar to that of 1887
which may be attended with the influence upon tho
elections.


The tariff cs ls<2 Is alluded to in the message in n
much more liberal spirit than anticipated. A revision
AMI modification of the present tariff is recommended
and an abolition of the minimum principle assumed
and arbitrary value of specific duties and the substu
ton in their place Of ad valorem duties system Of
ad vaorem duties, with proper determinations
will it il stated afford ample and incidental advantages
to the manufacturers. is the opinion of the Execu-
tiye that such system, strictly within the revenue
standard, will place the manufacturing interests on
stable footing and inure to their permanent advantage
while it will nearly may bo practicable extend to
all the great interests Of the country the incidental pro-
lection which be afforded by our revenue laws
Such system, when firmly established would be
permanent and not be subject TO the constant CON-
plants, agitaons and changes which must occur
when duties not laid for revenue but for the pro-
lection merey OF q favored Interest,"