Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-04-06

E TrafalgaT-"EngIand expects every m;
u to do his duty" Yes, sir,I repeat it---fee
ings transported; for never but once b
: fore have known that SeuatOr excite
: to an equal heat beyond The uniform ten
; per of his mind. And what was thatf-
Need tell you, Senators, (most of whol
we're presently that it was on the memor;
! BILE night when, pending the propOsitio
for three millions to defend the countr
in the event Of a war with France, he stoo
forward, and in his place, upon this foo
declared he, "would vote II not, even
the enemy were battering down the wall
Of the CapitOl''--a declaration in refer
enre 10 which a member of the othe
House, from his own State and ofhis owl
party, (Hon. J. @. Adams,) proclaimed
it in thai body, "that the man who woulC
utter such sentiment as that, had bu
one more step 10 take, and that was-intC
the ranks of the enemy" g.
Sir, to support its own credit, will re.
quire all the resources placed by the cor.
stitutiOn at the disposal of this Govern.
meDt. With that Of the States it has nj
right 10 interfere for good, or for evil
For ifit can with theione object, so it may
for the other-if TO uphold, so may il, 10
destroy-if 10 take the States under lis
guardianship, in like manner may it re-.
duce them to dependence upon its will
TO dependence not merely for supplies,
but for their very political be ing; for
the former essentially involves the
latter. E .y-
But sir, if the Federal Government bad
the right end the means of interposins
TO sustain State credit, it could not by
possibility do so,withOut the utter destruc-
.rinn of that credit, or of the State Gov
ernments themselves. For if you COM
mence and continue to pay the debts of
the States, the States will continue TO
contract them, as their sole source of sup
ply; and that for the reason that you, BY
Strengthening their credit for the time,
enable them to do so; and because you.
not they, are TO endure the burden of
payment. Thus, in that event, will you
supplant the State Governments, by rem.
dering them palpably useless, except as
pretext for unlimited taxation
by you, TO meet demands created by them.
And If, upon the other hand, after having
commenced the payment, and thereby
the States to new indebted
ness-thrown them from their guard-di-
rected their attention from all means with
in themselves to discharge obligations
#, then, you discontinue that payment, do
yOu not destroy their credit? What, in
Heed. sir, is the proposition now made, of
distribution 10 pay State debts, but an as.
sauli upon their credit? On what assump.
ion dues it rest, but the Insolvency or de-
election of the states9 For, ifthey can
md will pay, wherefore do you interpose?
Will not the same amount be required,
whoever payss & must not the funds be
lrawn from the same source-the pock
ITS Of the same people? These questions
'bviOus as hey are, are not more so than
he fact, that the answers to all resolve
themselves into this: that the Federal
Government, seeing the States indebted
o British bankers, deems them insolvent
n capable ofa breach of faith; and there.
ore taking upon itself the agency of
hese bankers, it assumes TO displace the
'tate Legislatures as the taxing power
or State purposes, and 10 coerce the
states into payment, by itself taxing their
,eOpIe for that object.
And now sir, having thus far sought,by |
easoning, to illustrate the effects of dis
rlbution upon the credit Of the states, I |
Divert to the twenty eight millions depos-
ed with them in 1887, as a matter Of
experience; which anticipates all argu.
lent. Then were the states less indebt-
d; their credit better than now. And {
Thy soi Because the deposite, though i
became itself a debt due from the
taies, nevertheless stimulated them to
ct greater Indebtedness; whilst, on the a
onrrary you deposited no more. Nor,
r, was the deposlte applied IN any pro. ,
ortiOn to the discharge of any debts a
,hatever: and that for the reasons have {
lready given, and which must forever I
xist, SO long as one power levies, anoth. /
r expends, and both are free from re- c
traint. ..s ,'"st tF ea,.. 8
As to the new tax proposed TO be laid t
,r distribution upon the wines and silks I
ow annually exchanged by France with c
s for cotton, to the amount of twenty I
,illions Of dollars, it must, have said, s
III chiefly onthe people Of the south and
rest. And why chiefly upon ihem9 Be- /
ause tax upon these articles, they be. n
lg Injuries must If sufficiently high to j
roduce The expected revenue, result in
leir exclusion from this country, and by c
consequence, the exclusion of our cotton ia
Iusl, by restricting thus the foreign mar 4
ct, reduce in corresponding proportion C
rst the price and then tho quantity il
Used in the south; because such reduc- E
ontin the!quantity of cotton must re- Fl
lce tOthst extent, the quantity of labor d
ow engaged in itg culture. and increase v