The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-08-25

VETO NO. w.

VETO NO. w.
Considering that President Tyler had approved of
the DISTRIBUTION act year ago, he has given strong
reasons for not signing the Tariff bill the adj
mitted Of. He was precludcd from urging the UNI
cousti&utionality general mpolcy of distributing
the reve0ue from the lands. These are the primary
and weishter against the policy of distrbu
ton, but those presented by the President, are sub
stanal and sufficient objections against this BILL.
The palpabe improperly of connecting in the same
bill two subjects opposite as the tariff and the pub
lie lands the raising and distributing of the public
revenue, must strike every mind with great force
And the total inexPediency and absurdty of giving
away part Of the public revenue, at time when
the whole moneys in the Treasury are less than the
existing demands upon it, and when the public SER
vice is sustained almost entirely by borrowing,
manifest that all must see the gross improperly of
such course What is it but borrowing money to dis
tribute among the States! And not to distribute equally
according to population, but the new States to
take nearly one half of the whole The sum to be
distributed the first Of July was S640 000 of which
the other States containing eght-tenhs of the popu
aton, are to receive only 1888, 900. And this mo-
ney Is to be replaced in the Treasury by duties Of
which, the people of the old States pay much
than those Of the States, in proportion to their
population.
The palpabe inexpediency and injustice of this dis
tnbution OF the land revenue the President presents
in striking light. Although other and much strong
reasons apply to the distribution policy yet those
urged BY the President are amply sufficient to justify
his course. The Wings in Congress may hustel,
and threaten and denounce but il will oil 90 for moth
ing. Whatever may he thought of his general course
on this ure, the country with the President or
more properly, he Is with the country and will be tr
un,paantly sustained by the people. If the Wing
leaders expect to make political capital out of this pro-
ceeding, they will find themselves dreadfully mis-
taken They have been too long from home, and ev-
identity know but little of public opinion. The peo-
pie fully understand that the passage of this tariff BILL
nNIuo crho a.. kkool rn--t--
bill prepared and passed be vetoed and it has
been vetoed, But do the Wings in Congress suppose
the people can approve of such legisation IF they
do, they were never more mistaken in their lives
They regard 1t al solemn mockery-as trifing with
their interests-as rendering them the sport of po
clans The interetts of the manufacturers are to I've
sacrificed to aid the election of Mr.. CLAW
1t was not intended to settle the Tariff question as
it was deemed necessary to agitate it for several
years, to help Mr.. Clay. This is the way in which
Mr.. c. and his partsans show their regard for the
manufacturers. But the Wings in Congress made
another great mistake in supposng that the manufac
turers are DESTROYS of high protective duties They
have seen and experienced the evils of such legisa-
ton; 1t is kind OF protection which they do not
seek or desire. The manufacturers in the Eastern
States have not petitoned asked for high duties
What they wanted was, that the tariff question should
be settled, and in way to be permanent They have
now generally become satisfied that moderate duties
with cash payments in sound currency is the best
and most efficient protection to the manufacturing nte-
rests With such tariff, steadily adhered to, the
manufacturers of the country, hardly fail Of en-
joyng prosperous OF business for some wears
to come. And nothing can defeat this result but no
duties at all the revival of the ultra protective
system. And this bill aimed at the latter object,
and it is fol tunate for the country, and particularly
for the manufacturers, that it has been defeated
Had it passed, its prohbitory principles would have
given powerful stimulus to manufacturing enter
prise, occasioning for one year or so. deusiye
hay huan foil NV
most disastrous reaction. The manufacturers now
understand this. They know that what they have
most to apprchend is domestic competition. and
overstocking of the market by the home production
They know that it is the increased home production
and the diminution of the demand, from the de-
preston of all other interests which have occa-
stoned the present distress among manufacturers
and not foreign importations of goods, which have
been small in amount the last two years. The
manufacturers know that those interests in which
there has been no foreign competition, are quite as
much depressed as those in which it exists No
branch of manufacturing has suffered more than
that of paper, although the importations in l84O
were only seventy thousand dollars, and the do
nestle production $6,20OOOO, according to the cen
returns, which were probably several millions
below the actual amount The Home League con-
vention estimated the home production at $l6 OO0-
900. Is it the over production at home, or the for
eign competition which has injured the paper maker
Who can doubt what it is? The manufacture of palm
and no employment is more completely FRUSTRATED
although the article is not imported at ALL So of
the plain cotton there not yard Of cotton cloth
manufactured in Connecticut, Of the description of
any cotton goods imported The manufacturers now
understand these things and know the true of
their embarrassments. They know that the evils which
they feel, have proceeded from over-production
at home, and the dminution of the home market oc-
casioned by the general Indebtedness and distress
of the country the bitter fruits of wreched bank
ing and paper money system. 1t is the loss of the
home market not It's going into the hands of foreign
rivals It'll not lost however, but only suspended,
and when it revves, the manufacturing interest will
revive, and not before. The difficulty the last two
other departments of industry have gone to liqudate
old debts, which has absorbed the resources that 9TH
erwse would have been applied to the purchase Of
new supplies Of goods
1t ought TO be stated in defence Of the manufactu-
rers, that they have not demanded high protective
and prohlbitory tariff like the bill the President has
vetoed That was a tariff of the politicians, and for
the politicians II has met the fate it deserved and
let not the Wings in or out of Congress, suppose that
they can create excitement Of it. The day has
gone past, that the manufacturers can be humbugged
They now generally understand their true interests
and the causes which elevate or depress them. A
large manufacturer in Massachusetts,, and uniform
Wing, stated the other day in this cty to friend of
ours that he considered the Independent Treasury,
as the best measure that could be adopted for the
ufacturing interests The Veto will be sustained by
the country, beyond all doubt.
From the Charlottesville va. } Jefersonian
THE NEW VETO
No how .r:xL l.