The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-12-19

CONTEMPORARY OPINIONS OF THE Mes
SAGE. The Boston Centinel observes :
The President, in bis Message, shows that
the assertion of AntlTariff individuals, that
the protection of domestic manufactures in
Jures commerce, is entirely erroneous, I'M
less they can establish that our greatly in
creased commerce would have increased
still more without them. But should not
persons engaged in commerce, consider,
whether their business would not have been
reduced, instead of increased. but for our
manufactures, and manufacturing employ
ments? The President says that. during
the last year, more than eighty thousand
tons have been added to our shipping, and
nearly forty millions of dollars to our ex-
ports and imports This result, SAYS the
New York Commercial Advertiser, we
should suppose, would convince every I'm.
preJudiced opponent Of protective duties,
that the system, under which our land is
covered with villages, and towns, and cities
with rail roads and canals-with manu-
factories and workshops which,
eighty thousand tons are, in one year, added
to our shipping. and forty millions to the
aggregate of cur imports and exports, can
not be vitality injurious to any interest of
the nation. The President thinks other
wise, and asserts that "protection must be
ultimately limited to those articles of do
nestle manufacture which are INDISPENSABLE
to our safety in time of war" 1t is worse
than vain, we well know-it is talking to
the idle winds, to point out, at this time, the
Inconsistencies of Andrew Jackson. There
is not professed principle which he has
not contradicted, nor an avowed motive,
except vlndlctve anger, which he does not
annually repudiate. The Commercial
quotes from the Message of 1880, to show,
that in that, and his subsequent Message,
the turiff was boldly defended as to its con
stltutlonality and expediency. The pres
ent document contradcts his two last, dis
tlnctly, and virtually recommends an entire
annulment Of the system of protection
The paragraph in reference TO the tariff
proposes, " to surrender and abandon more
OF the power and policy of the General
Government, and consequently of the rights
of the majority of the States, than the most
ardent party calling themselves Nullifiiers,
has ever asked for In reference to the
foolish and wicked insinuation, that the
Government deposites are not safe in the
United States Bank, the National Inteli-
gencer remarks: The Bank makes peeklv
retarns to the Secretary of the Treasury Of
the state Of its affairs. The Government,
must, therefore, know from day to day the
real situation of the Bank, and to imply or
lnslnuate doubt with regard to the safety
OF the United States, would betray an gno-
rance which we shall! not be so tisrespectful
to the President as to impute to him The
Bank has not two.thirds Of the amount of
its capital in circulation in its own paper ::
it has in its vaults one-half of the amount
of its own circulation in specie, and the
paper of other banks: it has an amount, in
general, nearly equal to its own paper, in
circulation in domestic bills, falling due on
an average of sixty days, independently of
about forty-six millions of dollars discount
ed in notes, the great proportion of which
are commercial transactions, represented
by property, falling due in sixty days.