25 Dec 1848
Page 1
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 25, 1848
Page
1
A fragmentary OCR snippet references train times and stations, noting schedules around 104 PM and related details without complete context or clear entities. The readable portion hints at transit timings but lacks sufficient specifics to identify locations or services.
Fragmentary note mentions a track event with times 12 M and 7h and 7 s. No clear names, organizations, places, or outcomes available.
A Treasury summary shows June 30 1849 treasury balance of 2,853,694.84 and June 30 1850 balance of 5,040,542.11 with estimated appropriations of 3,762,437.29. It argues the tariff of 1846 increased revenue by over 7 million annually versus 1842, prevented national debt growth, and warns protectionist duties could destroy imports and exports, harming Britain and US trade.
A historical economic argument defends ad valorem duties, notes the 1846 tariff raised revenue from a small import base, and argues that protective tariffs lower overall wages by shrinking aggregate profits. It promotes reciprocal free trade as superior, warns against smuggling, and contends that high duties depress national labor prosperity and global cooperation.
The report champions low duties and reciprocal free trade while criticizing tariffs that shield domestic sectors. It argues wage growth comes from capital expansion, urges expansion of Pacific steamship routes and Isthmus rail links, and promotes New York as a global coin and commerce hub through a branch mint and enhanced revenue collection.
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