The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-05-05

vIes bsyond - rTOtisionfs ah'sh ~
-, "A nos solho1ire sny - r. 90
nissibls lree 81 dsiy sxeePi uhose e
.h.sh express reference i made - ne
iiluh section; I'll Others. be tsnierds. are
snhmit,ed. .bsolulrly and without rtslfie
,ibn. u ne inHsxibls rule 81 twenty Per
cent. -.
.Bvs from chat quarter does IBIS eelee.
lion pfoeeeds From Souih Csfoilnss
Yes. iron that Senator who. Siih rs
friends, 1hen il WAS pfoposrd 70 iaT .
duly on lea and coffee. u Ihe extra ses-
sIDn, insisted Ihsl Ihsy slsobld be admit
led free of dusy; therein doing ihsi very
hing which he now charges on % % ;
Winston Of The compromise act. DO MOI
al he members or Ibe Senate siso reeol
leei he earnest and sbcesssitl appeal
ahieh he addressed 10 me 10 let IN Jew
slry. and similar other articles OF small
bulk and great conpafaise value, q :
dnIy n 10 else and hall per cent! ]
had. belare thai. been disposed 20 subject
them TO tie general role with other con-
modiIies. bar on The pressing sPpesi Of
The Senator. who was 80 anxious then 70
Discriminate. changed my purpose and
voted with him.
TMr. Wright here reminded Mr. Z.
that those articles had been originally
subject only 10 iselss and hall Ter
cent.
MT. Clay. Vet5 true: hey bad beeh.
But my argument "a 10 show ihstihe Be-
nslor himself Vas In favor Of . duty less
ihsn twenty rent. thereby acting on The
assumption that Congress. in providing
. revenue. may discriminate. As 10 The
existence Of such . power. can sny man
doubt il when he looks al the language
employed 10 both ,he 6rsl snd sixth Sec
lions, What says the Laval In the frat,
duties wherever lhey sxeesd iwen,y per
cent. are ,olbe brought down "a. a rate 20
az they shall NOT eTceed that rate; bot u
they were anywhere underit. or sltogslh.
er free. The prescribed limit would no, be
irsnscended. So. by The fifth section.
al articles whatever. protected and free.
were TO be subject 10 such rate Of duty
IS Congress might impose not exceeding
twenty per cent. Manifesily implying .
power Of discrimination below that rate.
Well, I have slresdy said that IL we
rested on this fifth section alone, we could
mol in any circumstances 60 over twenty
per cent; bhi we are not 10 be governed
BY tina, section alone. The whole acI
and all its parts are to be taken together.
and q Just Interpretation deduced from
the entire aci.
The grea, difficulty, when We passed
the act. was 10 get rid of,he large amount
Of surplus revenue which then pressed as
an incubusIo the Treasury. andihresien.
ed such dangerous consequences 10 The
public prosperity. Besides The list 81
free articles prescribed in the act Of 1882.
and which are referred TO in The 4th Sec
lion, there is given in that Alb section
another list Of important articles, such az
linens al all kinds, cambrics. worsied
stuff goods; shawls and other manuiac.
lures Of silk. &c.
Here is list Of various and numerous
articles. which, II taxed. would yield q
large amount nf revenue. The aci operst;
ed only on such commodities as were oveI
90 per cent; they were ell brought, down
TO 20 per cent. by the 30sh Of June next;
but those under 90 per cent. we're moi
touched al all. Previously. then. 10 The
30,h Of June. these were liable 10 duty,
TO be put on or taken of, according IS
there should be deficit or an excets ri
revenue: but, after the 30th Of June. the
whole we're thrown open 10 the action oil
Congress, with two restrictions only
the first. thai as general rule the duty
should be fixed ad paiorehl. and second
~. that no more duty should be imposed
than might be sufficient 10 provide for On
economical administration Of the Govern
ment. -
already observed, wss moi that on shich,
exclusively, Congress mus, rely 10 sscer.
tain the extent and limitation cfi, power;
il 10 the 81 section which proclsims sori
OF manifesto or general declaration as to
the great objects intended by the law
That section - the true key IL the whole
act, aud what its lsnguagsl "Ths. until
the 30th day Of June, 1912. the duties
imposed BY existing laws. as modified BY
this act, shall remain and continue TO be
collected And from and after The day
Last aforesaid all duties upon imports shslI
be collected in ready money; and I'll ere
dts now slIowed by law in the payment
OF duties shall be. and hereby are. sbol.
ished; and such duties shall be laid for
the purpose Of raising such rsuenue as
may be necessary TO an economical admin
istrsiion ofthe Government; and from and
sller the day las, aforesaid the duties re
quired TO be paid By law on goods, wares,
and merchandise, shall be assessed upon
the value thereof at the port where abe
same shall be entered. under such reguls-
tons as may be prescribed by law"
Now, contend tina, The far intorpresa-
ton Of this rule 10, that on he 3Oth oil
June, 1912, We must adhere 10 the two
restrictions | have named, and To these