Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-09-20

esis Of his constituents to any compromise 10
Ohich they toere not a party.
What is the measure OF protection promised by
the compromise act, 10y its letter and spirit?
The first is that the proceeds of the public lands
shall be Withdrawn from the current revenue, and
the expenditure of the Government supplied en-
trey from the customs. The words of the act
Is 81 are, sand from aud after the day last afore-
sad (30th June, lS42) such dulles shall be laid
for the purpose of raising such reUe1iue ns may he
necessary TO an economical administration OF the
Government" The intention OF the act is rem
dered certain by the fact that bill for the distrl
button of the proceeds of the public lands had
previously passed both Houses. The distribution
hill passed on the lst and the compromise bill on
the I'd March 1t was proposed even then to sep
arae the proceeds of the public lands from tie
general revenue. The compromise, in fact, had
relation to the existing state of things and must
he controlled by it. The withdrawal of the pro-
ceeds of the public lands from the current reven-
ne is to be taken as Il condition of the comprom-
Use.
Second. That the articles mentioned IN 'he ON
section should remain free of duty.
Third That there should he discrimination III
favor of protected articles within the maximum
duty of 30 per cent.
Fourth That the duty should be laid on the
home valuation. Much would depend on the
principle upon which the homo valuation was es-
now further than to say that he considered 20 pei
cent on the home valuation equal 10 30 per cent
on The foreign valuation. If he was correct IN
this the present bill would raise not far from s3(
millions.
He desired, whenever the tariff was revised
that n permanent system should be established
one which should secure the manufacturers IL
paipst the fluctuations to which they had been
subjected The certainty-the peTmanency oil
the protection was no less important than tue a
mount.
He again referred to the auction sales OF foreign
surplusses as one Of the embarrassments iagnlilS
which manufacturers were row Struggling
Those surpusses consist of the refuse mannihc
lures Of England, sent here and sold at auction tc
jobbers, who impose them on the people IN pace
of our own manufactures Many branches OF
manufacture could sustain themselves without ANY
protective duly, were ii not for the fluctuations
occasoued by those aucIon sales but ngnis
these they cannot stard. They not only affected
orr manufactures, but our nGtue commerce. TIT
imporing business was thrown into the i'anus o
foreigners. Our revenues were now at me hnZ
ard Of their custom house oats. He said he he
Geyed duty of twenty per cent. on these nucllo
sales, lift could be executed, would afford NOR
protection than all the provisions Of this bill. Bu
he was aware that it could he too easily evadc
10 be of any value 1t could not he executed.
MIR. t. again called on the friends OF protectio
ro,to permit a permanent act TO pass, liV' secure
:, one side only the full benefit of the conpromls
until the benefits promised to the o'ner sue WEI
,lsn secured He copch'~" ny saying mat, u
''so r.t;o, &c ..I1 was adopted, he should, q
less l....".'o'55td, vote against the bill