The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-05-05
March e. 1874.

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&c.
March e. isss.
Mr.. CLAY fose 10 address he SshxAe.
and Observed thsf. slthough his health had
not 80 far improved IS be had hoped. and
he still felt his bodily strength tdeebied,
still. sfler ihe iidulseiil kinaness shown
him by the Senate yesterday ii The post
bonenaent or tiie debate. Tor which he
now retuned his most grateful seknowS
Judgments, he could ioi think Of lrespass-
lngiuriher on their forbcarahee. and would
therefore endeaVof 10 hobble on as well
y he could. III reply 10 the arguments adj
Tanced By gentlemen on The other side,
taking care TO consume IS little as he
could Of ihe time Of the Senate.
He had been s9ved. frp:z ihe necessity
!Sf ssyirg much ihat he had intended, BY
Che very able arguments Of his friends
who had preceded him. and he hoped that.
without any unjust discrimination, he
might pariicnlarize those Of his friend near
him, (Mr. EVans.l The Chairman Of the
Finance Committee. whose able speech
6n the present occasion went 10 demon
straie The correctness Of the opinion. ex-
pressed in advance BY MIR. c., lhai if ele-
valed 10 that high and responsible posi-
lion he would prove himself fully equal
to is dulles. and would discharge them in
a manner conducive 10 his own honor and
the advantage Of the country.
In considering the various topics adj
tanced BY gentlemen opposed 70 The rcso-
lutions he bad had the honor TO submit,
the first which would demand his notice
WIS The objection brought forward by the
Senator from South Carolina, that they
necessarily involved a violation Of the
COMPROMISE act. That gentleman thought
that that important act would be violated
IN several most important particulars.
His object would be 10 show that. accord
ing 10 Mr.. C.'s understanding Of that act,
as well from conlemporsneons inlerpreia-
lions Of IL, and from the concomitant cir
eumstances, as from the terms Of the law
Itself. the resolution objected TO implied
no violation Of is provisions whatever
none.
But, before he proceeded TO do this, he
must be allowed TO say that Ls had him
self never attributed 10 the compr5aise
act such an absolute and sacred inyiolabi-
lily as would forbid the least interference
with lis enactments. under any circum-
stances. however urgent or extreme. The
utmost amount Of his convictions on that
subject was, that il was 70 be viewed as
an act entitled 10 great respect, from the
exigencies Of the times in which it had
bsen adopted, and the important effect it
had had in allaying a very alarming de-
gree Of excitement in supposi:e SECTIONS
Of The Unios; add Mr.. C.: was happy to
find hat some gentlemen, formerly its
bittefest enemies. had now become is
warm friends. If he was not mistaken,
ihe Senator from New York on the left
(Mr. Wright had more than once de-
eiared thai be felt himself entirely absolv-
ed from all obligation 70 regard il in ar
ranging any financial measures which the
state Of tie ccnniry might seem 70 de-
t1and.
rMr. Wigia, explained, and said that
The declaratfs6be had made was, that he
felt himself 10 more bound by that than
by any other law.
Mr.. Clay. All hutI find that he now
proposes express, in TIE amendments
he has offered 10 ny resolutions, that in
laying down a RUE Tor tie supplying Of
the Treasury with the requisite means to
carry on tie Government regard is to be
had 10 The siipuisdons l.. the compromise
act.
The Senator from CoriL Carolina pre-
faced the enumeration Of his objections to
ths resolutions submitted by ne with de-
.ElaiiRg that they violated hat act: end he
said that il was perfectly well known that
he never would have consented &c the act
but FOR the conviction that Ii involved .
complete abandonment Of the protective
policy Of the country. Now Mr.. G.
must say, in reply 10 this, that, for one, he
knew no such thing: but, on the contrary,
he knew directly the reverse. Ii did not
abandon the protective policy: far from il:
1t embodied The principle of protection,
although II modified and restrained it. 1t
embraced the provision Of home valda-
ton of our imports, which was avowedly
placed there for the protection Of the ma
hu(acturers, and il was part and parcel of
the protective system. In regard to that
measure Mr.. G. could not agree with his
friend from Maine (Mr. Evans) in the
ppirion that il would operate, practically,
10 diminish the amount of the revenue.
lie admitted that it would lessen the
amount Of imports: but not in a degree to
counteryail the benefit derived from the
it would effect in the rate
of duties received. TO one who should
take mere superficial view of the sub
ject, it might appear 10 he matter Of
course that a diminution ofiniports involv-
ed proportional dinirution of revenue;
and so there would be. il the duties re-
NAMED the same: but more than com
pensation might be found in the increased
rate Of duties. BE this as it might, the
home valuation clause was not the only