Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-12

their capital. in ratry stock Of l-2 per cent But,
he the causes of the failure what they may, Mr..
Rush now recommends that an act be passed at an
early day of The session, author izug loan of nine
millions, at an Interest of pet cent, redeemable
also in equal parts ir 1929 and 1890, and that the
holders of the Ia per cent stock be placed on
the same. footing with those who may become holders
of the per cent stock under the proposed act lie,
us impa:tially consider the character of this sug-
gestion The stockholders under no constraint, in
times OF no emergency, when the only Apr chen
sion according to Mr.. Clay, was lest the public
debt should be exiinsuished TOO soon, considering
their own means of applying their capital, and in
fuenced by seli-interest alone, make their bar
gain according to law with the officer of the Tres-
sury; and now, because Others on MIR. Rush's
Recommendation may make better bargain, it is
proposed by the honorable Secretary to give these
gentlemen through mere generosity, upwards OF
$4,000 of public money. Where does the no.
norablei Secretary fad the power of bestowng gra-
tuiiies vested In Congress. has he ascendel one of
Mr.. Adams's newly constructed Observatories, and
discovered this hitherto unobserved phenomenon in
some latent region of the constitution! Did he not
learn while at st. James's that provision was
made for the comforts of the venerable La Fayete,
only the ground Of @ services rendered. and
the honorable Secretary expect that S35 900 of the
peoples money will be unhesitatingly appropriated
make the first of his Official career say our OF
libefaliiy! An attempt may perhaps be made 10
include this strange act vi generosity in the objects
provk for by the power 10 pay the debts, &c of
the United Sta,es, but this far from pa ing the
rIebs of the United States, would be assuming "a
gain Ola The part of the government, debts already
paid The exchange effected under the ac, OF the
Sd March, paid upwards OF $500 900 of TIE public
debt, and it Is now proposed TO assume again more
than S5 900 OF the aou ut thus saved 10 the coun-
try.
But, suppose the power OF Congress to embrace
the subject fully, is it eXpedien is it equitable that
the public money should be thus DISPOSED OF !?
There never be perfect equality in all the con-
tracts made with the government; and shall il now
be established precedent that all contracts when
socver na,ie provided they refer similar Objects
are TO be graduated on tie scale of that which il
most favourable the Individual and most bur-
thensome to the country? Such, then, is the cha
racter OF this transaction, by which, according to
Mr. Rush, g the government will cxait Itself before
the RatiOn.''
lwoud next call the attention of the public TO
The honorable Secreiary's mode OF reasoning in ia
vor OF high tariff of duties with view TO the
protection Of manufactures and take great plea
sure in recommending the only thing in the course
OF his reasoning, tina; seems to me worthy of COM
mendation; namely, the openness and candour with
which he avows Lis object He does not, like Mr.
Clay, shelter himself under the popular name of
a" system purely American" nor does he use
the artiiice resorted TO by certain honorsble MEM
bers oil the Senate, OF Disgusting their Views un-
der the appella,ion of a Revenue Bill Mr.
Rush comes at once to his OF C., AMI pro
nonnces . state unsupported by the grand middle
cof's'h OF manufactures, in a false POSITION lying
perpetuaiiy at the mercy OF eS,rinse events when
reposins only upon foreign commerce and agricul-
lure. The great intermediate interest srenrthen-
Ing and uphoflins both the others, is manufac
When to The complete establishment of the sc the In
ternal Improvement OF the country shall have been
superadded, the farmer OF the United States cannot
but perceive that the measure of his prosperity is
snade potentially full" Ard lest doubt should
still remain as TO his views, he further adds Ma
tons which have reached the most imposing heichts
OF physical and Intellectual power, are those in
which manufactures have>been the most numerous
and have arrived at the greatest perfection This
perfection amongst the nations where il has been
most conspicuous, has been achieved through the
most comprehensive and rigorous protection af-
forded to this kind of industry. A prot lection per
severed in throughout dgns. and never given 1Ip
wllstits objects Iemained una accomplished Here
then is fair avowal on the part of Mr. Rush He
Jocks upon manufactures as the grand desidera,um
which can alone advance nations to precocious
maturity and 10 effect this desirable object. no .vs
ten oil protection can be too comDreheusire too
vigorous or too long perseuered in. Every other
interest is subordinate this grand Central pilar
his, the enterprise OF the merchant must be sus-
pended or discouraged, the comforts of the LAWYER
and the phys clan, the soldier and the seaman mus,
De largely abridged that each ma contribute 10 the
strength or DECORATION of this splendid column
kir Rush had but just exchanged the bow and the
grimace OF practsei diplomacy for the thoughtful
gravity OF the calculating Finsncisr: when Nal
thus and Ricardo, Payley and Adam Smith, sink
before him into idle theoriss.' who are opnoseI
10 the experience that surrounds Them The liab,s
that guided these illusrious were but the ftful
CLEANS OF twilight, compared with the splendid
iuminations of MIR. Rush's, m,nd For The Gre
dit oil his country, the Hon Secretary has been the
first to discover bat to augment the number and
variety oil occupations for It's inhabitants to hold
OUT 10 every degree OF abour, and 10 every modiiiC
ton oil skill, IT'S appropriate Object and ducement
rank among the highest Objects of legislation. y
That IS 10 say, the ends of legislation are never so
well answered as when our lsw-givers become for
us the inventors OF new mechanical arts (Which
presume is meant by augmenting the number of oc--
cupatIons, as when they teach US how TO construct
new Looms, new Telescopes, and new LIGHT
houses oi the skies" when they extend their
scrutiny into every corner of the country pointing
out TO every labourer and to every artizan the me-
cuiar labour and art in which each NAV best be
exercised, deciding in every instance according 10
ihe physical formation or ingenuity Of every in
dIvidual, the laboUr the art that m be most an
proprlate TO each; when they Convert bv SINGLE
act OF legislation, FIVE six hundred thousand cul
uvdtors OF the soil into spinners and weayers OF
cotton This is truly new light Before this
discovery of Mr.. Rus's, men were in The habit of
thinking that it should be left TO individual sagsci
~ TO ascertain for each, on what subject he NAV
best exercise his industry and that the chief end of
legislation was to secure TO him the undis,urbed
enjoyment of the profits of that Industry. Had
Adam Smith lived to this day, he would no doubt