Virginia advocate. [volume] (Charlottesville, Va.) 1827-1860, 1829-12-18

10 DC sacrificed to private interests. II is tn
People, and they alone, who have a right I,
complain, when bad officer is substituted for
good one He who is removed has the sam,
means OF obtaining living that arc enjoyed b,
the millions who never held Office The promo
sed Limitation would destroy the idea of proper
~ now so generally connected with official sta
| ton; and although individual distress may be
sometimes Produced it would, be promoting
that relation which constitutes leading princi
pie IN tho republican creed and gives heal,hfu
No very considerable change has occorredslu.
| ring the recess of Congress in the condition OF
either orr Agriculture, Commerce. or Manufac-
lures. The operation of tho Tariff, has no,
proved an injurious TO tho two former, nor as
! beneficial 20 the latter as was anticipated. In
portatinns OF foreign goods have not scnsibly d.
mnshcd, while domestic competitions, under
| an elusive excitement, has increased the pro-
dcction much beyond the demand for home con-
sumption. The consequences have bccn low
prices Temporary embarrassment and partial loss
That such of our manufacturing establishments
| as are based upon capital and are pruicn,ly man
| aged, will survive the shock, and he ultimately
profitable, there is no good reason TO doubt
To regulate its conduct, tn promote
equally the prosperity of these three cardinal
interests is Of the most difficult tasks of Go
vernment, and it may be regretted that the COM
plicatcd restrictions which now embarrass the
consent be abolished, and commerce allowed to
flow in those channels to which individual enter
przc-alwuys its surest g,iide-mght direct it
But we must expect selfish Legislation in other
| nations, and are therefore compelled to adapt
our own to their regulations, in The manner best
calculated TO avoid serious injury, and to har-
| monlZe the conflicting interests of our agricul-
ture, our commerce, and manufactures
Under these Impressions, invite your attention
to the existing Tariff, believing that some Of its
provisions require notifications.
The general rule to be applied in graduating
the duties upon articles of foreign growth or
| manufacture, is that which will place our own
| in fair competition with those of ether coun-
| tries; and the inducements to advance even n
step beyond this point, controlling in regard
| to those articles which arc of primary necessity,
| IN time of war. When we reflect upon the diff
fculty and dclicacy of this operation, it is in,-
| portant that it should never be attempted but
| with the utmost caution. Frequent Legislation
in regard to any branch Of industry affecting its
value, and by which its capital may he trunsferr-
| ed to new channels must always he productive
of hazardous speculation a,.l loss
In celebrating, therefore, on these interest
ing subjects, local feelings and prejudiccs should
be merged in the patriotic determination to pro-
mote tho great interests of the whole. All at
tempts to connect them with the party conflicts
of the day, are necessarily injurious, and should
be discountenanced. Our action upon them
should be under the control of higher and pur-
er motives. Legislation, subjected to such in
fucnco can never be just, and will not long re-
tain the sanction of People, whose active pat
riotism is not bounded by sectional limits, nor
insensible to that spirit of concession and for
bearance which gave light to our political COM
pact and still sustains it, Discarding all calcu-
lations of political ascendency, the North. the
South the East, and the West, should unite in
diminishing any burthen, of which either may
Justly complain.
The agricultural interest Of our country is so
essentially connected with y.other and so SUI
perior in Importance to them all that it is scarce
ly necessity to invite to it your particular atten
ton. It's principally as manufactures and com
merce tend to increase the value ola gricutura
productions, and to extend their application tn,
wants and comforts of society, that they deserv,
the most fostering care of Government.
Looking forward to the period, not fur distant
when n sinking fund will no longer be required
the duties on those Articles Of importation whicl
tcannot come in competition with our own pro
ductions, are the first that should engage th,
attention of Congress in the modification of tn,
tariff. OF these, tea and coffee are the mos
:, prominent they enter largely into the consump
ton of the country, and have become articles o
necessity all classes. A reduction therefore
of the existing duties, will be felt as common
benefit: but, like all of;he legislation connected
with commerce, to be efiicacious md not iniuri
Y
The public prosperity is evlnced in the in
creased revenue arising from the sales of thu
public lands, and in the steady maintenance O
that produced by imposts and tonnage, not
w,hstanding the addioDal duties imposed by tn,
act of 10Th May 1898, and the unusual importa
tons in the early part of that year.
The balance in the Treasury on the 1st @
January, 1929, was five millions nine hundre
and seventy two thousand four hundred an
thirty five dollars and eighty one cents Tn
receipts OF the current year estimated a
, twenty four millions six hundred and two thou
sand and thirty dollars; and tho expenditure
Tor the same time, at twenty-six millions on
) hundred and sixty four thousand five hundre
and $95; leaving balance in the Treasury ol
the LIST OF january next Of four millions fou
hundred and ten thousand and seventy dollar
and eighteen cents
There viii have been paid, on account of tn
public debt, during the present year, the sum O
OF twelve millions four hundred and 5000 and
dollars, and eighty cents; REDUCING the who'll
debt OF the Government, on the first of Januar
next, TO forty millions five hundred and sixty iiy
thousand, four hundred, and six dollars and fit
cents, including seven millions Of 5 per cenI
stock, subscribed to the bank OF the Unite
STATES. The payment OH account OF the pub
lie debt. made OIL the inst OF July last was cirl
millions seven hundred and 5000 four hundre
aud siXty-two dollars and eighty seven cents
" was apprehendUd that the sudden withdrawa
of so large sun, from the banks in which il wa
, deposited, at a time Of unusual pressure in tb
money market, mig hit cause much injury to tlI
: interest dependent bank accommodation,
Bot this evil was wholly averted by an early an
. tIcipalion Of it at the Treasury aided by tn
y jndicious arrangements Of the officers Of ia
: bank of the VI States.
This state Of The finances exhibits the resoul
ccs Of the nation in an aspect highly fattern
. to IT'S industry, and suspicious OF the ability q
} Government, in very short tiuG. to extinguis
: tho public debt. When this shall he done, on
: population will be relieved from con.iders
BILE portion of its present burthens and vii
: find, not only new motives 10 patriotic otFectUn
: but additional means for tie display OF individ
: ua enterprise. The focal power Of the State
will also Ltc u. crcascd. and maY be LooIe e&tcr