Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-01-02

rs could have sprung out of no Institutions, but
ours, and whicl, wenl in /, powerful aud impress.
sise manner TO illustrate the genius OF our Govern
ment.
lie considered it no less fully established that
there Ought not to be no surplus, il il could he a.
roiied. The money belonged To those who made
it, and Government had no right TO cxac, i, unlrS>
necessary. What, then, was the true question at
issue! II WAS tins Can >ou reduce the rc,e-
nno to the wants ui the People l-hc meant in a
large political SENSE. Could the reduction hr
made without AN injury that would more than coan.
tcrsall the benefit ! The President tho, ght it
could be done and Mr.. {. hoped he was corree,
III that orlnlon. II 1t be practicable, then, be-
You'd all queStien, IL Wis the proper aud natural
course 10 be adopted. Ii va, under this impress.
SION that he had moved TO refer this part of the
Presidents message 10 the committee on Finance.
lie not onlS consiletcl that as the appropriate
committee ; but there vcre other reasons thai
governed hin. IN makia. The reference. \ ma
Jorily OF that committee were known II be hos
tile 10 the deposltc bill, and would, therefore, do
all IN their power 10 avoid tue possibility of hay.
Ing 4 surplus. Il, then. that committee could MOI
effect IA reduction, then IL might be safely L>,uul.
ed a. lm?rarticablr. Ii dey cogll agrce on ire
dactlon, the Senate no doubt would rtddI, CONCUR
with them.
There vas one poinl ON which tln, committee,
need hive no apprehension, that any roiaction
They might PROPOSE to make would be cun,iIerea
bN the Suutll as breach Of llte eompron,e net
Tier interest in thar act l., not AGAINST the rclac-
lion, but. tue increase Of duties. If il be the ple4-
sure Of other sections 10 reduce, she will certainly
not complain.
Mr.. G. said he would n,he til, occasion t., d.
fac with c|xlclurs, lIa position he o|ccap.sI in re-
gard to tho compromise. He stood, personally,
without pledge or plieiled f1ih. as far a. that 4rt
WAS concerned. He clearly foresaw. at the tim
that bill passed. that tIler, would be a ,0rplus ri
revenue in the Treasury. Ip know i,4l re,u, =,
be unavoidable. unless bv , reluc,i.,. So s,,i.
den as to overthrow oar munufIctufinr -.
tablishmcnts-i cata,tronbc which be ,ince,.I,
desired to avoid. Whatever mi,hi be tlou,ht Il,
the contrary, ho had AWAY, been the friend or
those establishments. lie lhon,ht NJ lh, finn.
thai the reduction provided for in tine bill lgI not
been made to take place a, fast as it n,;rht h,,e
been. But the terms Of the bill formed In, onI,
ground on which the oppo,ing interests could n
gree, and he, as rrpresrnilne in part one ,f lle
Southern States, had sscprtrl II. Lcleyipp il. ON
the whole, ID bc the best Enhancement which could
be effected vet he saw CT did not, indeed, re-
quire mucl, ola prophetic spiri1 THAI there were
tho'c who were thea ready 10 collect the tariff At
Tie point OF the bayuAet, rather than Weld AN inch.
who, when the Intuition, effects If tie surn.n>
should be lett, would throw tho responsibility on
those who supported the bill. Seeing this, Mr..
{. ina determined itat i. shuuld mol he throw
upon him. lie had therefore risen in his place,
and, after calling ou HE Sirnagraphers to note his
words, he Lad declared dat ha voted for that hill
in the same mannul, and no Other, that he did iar
all other bills, aud that he held himself 10 further
personally pledged in lis pdssase than in Aay 9th
rr. Mr.. G.. WAS therefore 1T perfect liberty 10
select h, position, whici, he would now siate.-
We otllc South had derived inealeulable ad>au-
ttge from that act and, as one belonging to that
section, he claimed all these advantages to - the ye-
~ last letter. That act has reduced the income
Of the Government greatly. Few, he believed,
were fully aware OF the extent to which il had ope-
rated. 1t WIS il fact, which the documents wolld
sh ", llrat the ACT Of 1928 arrested At the custom
house one-i.aif in value Of lac amount oil The ln-
ports. The imports al thar time, drdncling re-
shipments, were about siXlV.tive millions OF dol
lars III value, out of which the Government col
lected about thirty two millions IN the gross. The
imports of the last year, dcduciing reslipmcu,,,
amounted TO Sl20, 900 900, which, if the tariTof
1928 had moi been reduced, would have eiv,n an
increase Of 5000 900, instead OF something
upwards of S2l 900 900. He claimed not the
whole difference for the compromise, but upwards
Of $4,000, 600 may be fairly carried To lis credit.
Under this reduction, we Of the South began TO re-
vive. Our business began to thrive and look w.
But the compromise acl had hot yet fully dlscl,ar-
gcd IFS functions. lis operation would continue I'm.
I'll the revenue should be brought du"n ill no dn-
ty should exceed 20 per cent. ad yalorelu, and the
Revenue In raHurpI Ia fl. .fft,l wants ,i H..