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Direct Iacatioa.-The intelligent author of the money article of the New Y ork He raid says:

 The only resource of which the federal government IS now possessed for revenue, IS the customs duties. Under the present tariff, the average duty upon the gross imports IS 20 per cent If, therefore, the government expenditures are confined within the limit of S2O,000,0O0 per annum, all import of $l00,- 0OO,000 of goods Is absolutely necessary to yield that sum. This year the imports will be but S40,000,000 Now, if under the pre- sent tariff, foreign goods continue to be ex- cluded, whence is the government to derive its revenue2 This is the point to which the FarnacrS are to direct their attention. If to benefit the manufacturers, they consent to destroy the commerce of the country, and with 1t the revenues of the government, Hey must also submit to direct tdratioa, to supply the wants of the government. For this year, the wants of the government are to be sup piled by borrowing, in the shape of loans and new issues of paper money This can- no., however, last. The alternative then presents itself in a shape which cannot be ssdodged''-a tariff with a view to revenue, or direct taxation. S20,000,000 per annun must be raised by one means or the other. Hence, without any reference to sectional in- terests, in a high or low tariff, the question at issue IS really direct taxation or customs revenue. The advocates for protective tariff are really the champions for direct taxationn D