1846] Mexican War 423 vided that the United States should pay fifteen million dollars direct to Mexico, and some three millions more to American citizens who held claims against Mexico. That republic, on its part, relinquished to the United States all territory north of the Rio Grande and the Gila rivers; the cession comprised Texas, in the widest sense of the word, New Mexico, California, Nevada, Utah, Arizona, and parts of Colorado and Wyoming. During Polk's administration, also, the boundary of the United States on the northwest was established substantially as it is to-day. 1818-46. United 301. The Oregon Treaty, 1846.-That portion of America Oregon lying west of the water parting of the Mississippi and the question, Pacific coast systems and north of the forty-second parallel Schouler's was called Oregon. Its northern limit had been defined in 1824 and 1825, by treaties between Russia on the one part, and the United States and Great Britain on the other, as the parallel of 54° 40' north latitude (p. 359). The owner States, IV, 504-513. Title of the Title of ship of this vast region had remained disputed between the 1846] The Oregon Treaty 425 1846, map p Ocean. This line would have given the southern end of Vancouver Island to the United States, and with it the control of the Strait of San Juan de Fuca, affording the best Oregon route from the Pacific to the great bays and sounds between treaty, Vancouver Island and the continent; but Great Britain would not consent. It was now agreed (1846) that the boundary between the two powers should be the forty-ninth parallel, as far as Vancouver Sound, and should thence follow the middle of the channel to the ocean. 302. The Walker Tariff, 1846. The triumphant election of Polk, and the consequent return of the Democrats to power, was naturally signalized by a reversal of the financial policy of the Whigs, and a return to that of the preceding decade. This change was brought about by the re-enactment of the Independent Treasury Act, and by the passage of a new tariff law. The former was substantially a repetition of the act of 1840 (p. 409): subtreasuries were to be re-established at the more important commercial centers, and provision was made for the safe and economical handling of the public moneys. The system has been modified from time to time to suit the growing needs of the country, but its essential features are still law. The new tariff act was based upon the recommendations of Robert J. Walker, Polk's Secretary of the Treasury, and is always called the Walker Tariff. Under it, imported articles were arranged in several schedules, — A, B, C, and D, and so on to I, which included articles specifically placed on the "free list." Each schedule had its own rate of duty : schedule A, 100% ; B, 40% ; C, 30%; D, 25%, etc. Articles not included in these schedules were to pay 40% ad valorem. All the duties were calculated on a valuation made in foreign ports, instead of so much on the valuation of the commodity in America. This arrangement resulted in gross frauds, and inflicted great hardships on honest importers. The system was, as Webster declared, "not free trade, but fraudulent trade." The country was very prosperous during the years that the 435. Tariff of 1846. United 514-517; Prosperity, 1846-57. Influence of inventions. Walker Tariff was in operation. Many writers friendly to free trade have maintained that this prosperity was due to the operation of the Walker Tariff, which, in their opinion, was practically a free-trade measure. Other students point out that it is absurd to regard it as a free-trade measure, since the reduction on the rates of 1842 was only about one sixth. They argue, moreover, that there is no historical evidence to show that the country between great increase in foreign immigration in these years (p. 457) and the railroad system of the country was greatly extended. Inventions, also, marvelously increased the efficiency of human labor and superintendence. For example, the successful introduction of the electric telegraph, owing to Morse's invention (1837), made it possible to McCormick operate great railway systems; and farming on a large scale was immeasurably promoted by the introduction of agricultural machinery, as the McCormick reaper (invented 1831). The most important manufacture of the United reaper. 1846] The Walker Tariff 427 States until recent times was the manufacture of farms, and this was more dependent on the development of railroad transportation and farm machinery than on the movement of tariff duties within the narrow limits affected by the Walker Tariff. Sutter's mill California, 1848. Schouler's 303. California, 1848-50.- On the 24th of January, Discovery 1848, ten days before the Treaty of Guadalupe Hidalgo of gold in was signed, and fully three months before it was ratified, James W. Marshall discovered several bits of gold in the earth taken from Colonel Sutter's mill race in Coloma, California. Further investigation confirmed the discovery, and before long the existence of gold in that region was known throughout the world. From all parts of the United States United States, V, 132. |