Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1832-12-10

Fnbic polity, ana the principles upon WHICH our r
publican institutions founded recommend &
proper adaptation Of the revenue 10 the eNpcndi
tnre, and they also reqoire thatthe expenditure
shall be limited 10 what, by an economical admin
lsration, shall be consistent, with the SIMPLICITY OF
the Government, end necessary to an eiheient pub
lie service. In olldcing this adjustment, II Is due
IN justice To the interests of the different States, ant
even 10 the preservation of the Union itself, thai
the protection afforded by existing lu'W TO any
branches of the national industry should Lot eSccc'
what may he necessary 10 couneiHet the reguia
tons OF foreign nations, and to secure supply o
those articles ofmanulacturc, essential 10 the ma
tional Independence and safety ia time ot war If
upon investigation II shall be found, ms II Is bcev
ed it will be, that the Legislative protection gran
ted TO any particular interest IS greater than is m
dspensably requisite FOR these objects, recommend
that il be gradually diminished aud that ms tar a
may be consistent with these objects, the whole
scheme Of duties be reduced to the revenue stan
datd rs just regard To the faith OF the Go
ycrnment and 10 the preservation Of thc large cap
ital invested IN establishments of domestic indus
try will permit
That manufactures adequate to the supply OF our
domestic consumption would IN the abstract, be-
beneficial to country there is no reason 10 doubt
land to effect their establishment, there Is, per
haps, no American cliZen who would not Tor u
while, be willing to pay higher price for them
But for this purpose, i, Is presumed that Tatl OF
high duties, designed for perpetual protection, haa
entered ipio the minds al bat few oi Our statesmen
The mosl thcy nave anticipated IS n temporary and
generally incidental protection, which they nam
tain has the cilcc to reduce the Price by domestic
competition below that oi the foreign article. tx
perience however our best guide on this, rs ON %
thcr Subjects makes II doubtful whether the adshn
tages OF this system are not cuunicrbalancod by
many evils ard whether II does not tend To bceci
in the minds ofa large portion olour counirymcn Il
spirit Of discomfort and jealousy dangerous 10 the
stability of the Unen.
Whnt then shrl be donc1 Large interests have
grown up under the implied pltdge OF our national
legislation which il would seem "A violation OF
public faith suddenly 10 abandon Nothing could
justify ii but the public safety, whoa Is the su'
pfemo law. But Those who have vested their cap
tal IN manufacturing establishments cannot cx.
poet that the people will continue permanently to
pay high taxes for their benefit, when the money IN
not required for any legitimate purpose IN the nd
mlaif'faiion Of the Government Is II no, enough
that the nigh duties have bcca paid as long hs the
money arising from them could be applied 10 the
common benefit IN the eAtngulshDent The public
debt
Those who take an enlarged view oflhe oondi-
ton of our country must be satisfied that the policy
of protection must be ultimately limited 10 those
articles of domestic manufacture which are lndis-
pcnsable TO our safety IN time OF war. w iihn
this scope, on reasonable SCALE it lsfceommonded
by every cons ideratlon of patriotism and duty,
which will doubtless nlways secure 10 II n liberal
and efficient support. But beyond this object we
have already seen thu operation OF the system pro
ductye of discomfort In some sections Of the re-
public its influence Is deprecated rs tending to coli
central. wealth into few hands, and rs cteating
those germs Of dependence and vice which IN other
c untriss have characterised the existence of mo
nopolos, and proved so destructive OF liberty AMI
the general good a large portion of the people IN
one section olhc republic declares II not only mc':
petlient on these grounds, but disturbing the c
quai relations of property by legislation and There
fore unconstitutional aud unjust.
Doubtless, these effects are, in a great degree,
exaggerated, and may be ascribcd ton mistaken
view of the considerations winch led To the hnoP
non VI the Tariff System; but they are heveflhe-
ess important in enabling us to revue" the snhec'
viii, mare thorough knowledge OF all lis bearings
nnon TN great interests Of the republic, md win
dcrermina, ION 10 sposc Of /! 50 that none can
with Justice complain.
1t Is my pain.o duty to state, that IN one quarter
of the nl,,d States opposition Ia the revenue laws
has risen to height which threatens 10 th~ml
tbe,, eyecutlon if 10, 10 endanger the integrity OF
the Ifnion Whatever distractions may be ttoWh
IN the wav ofthc Iidisfl Authorities of The Gen
eral Government, 1t is hoped they will be able
peacenbly TO overcome them Ivy the prudence oil Their
oYn officers and the patriotism Of the people. bu'
should this reasonable reliance on the moderation
and pood sense of all portions of our ello" senHers
he dsappointed It Is believed that the laws them
selves are fully adequate 10 the suppression OF such
attempts as may be Immediately made. Should the
exieency arise rendering the execution Of the OK
sting laws impracticable from any cause wha'cV-
err p,omp, notice of II will be gwen To Congress,
with the suggestion Of such views and measures as
ma, be deemed necessary 10 meet H.
In conformity with principles heretofore explain
ed end with the hope Of reducing the General Gov
ornrnenl to that simple machine whic'i the Gonst'
tution created. aud OF withdrawing from the Suites
all other influence than that Of IFS universal bcncii
cence in preserving peace aflordlng uniform cur
rcnevz maintaining the inyiolabillty of contracts,
d,tns,no inieIeenee and discbarging unfelt lis
other superinten,lins functions, recommend thai
ptoy,sion be made to dispose OF all stocks nov he'd
by it in corporations whether created by 'oe N'o,
eral or State Governments, and placing thepfocceds
in the Treasury. As source OF profit these S'oehs
are of little or 40 value as means 81 influence
among the States, they adverse to the purity OF
our institutions. Thu whole principle on wh'c''
hey arc based, IS deemed by many oneoost'1u!o''-
al and to persist IN the policy which they indicate
is considered wholly incxpedieni
Its my duty to acqnant you w''h an m'ahS''
ment made by the Bank ofthc United States wan
portion of the holders OF the 3per cent stock, ny
which the Government will be deprived OF the use
of the public funds longer than was anticipated. ny
this arrangement, when will DC particularly OK
plainc} IL, the Secretary the Treasury, s'f'o"'
der of the certificates Of this stock may b. pos'Po'
cd nnil October, 1888 and thus the liability OF the
4 IL