The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-10-27

of free people, and he inssteu 'hat q" So , 80
should be made for the invasion OF our 'eri.o'y -
renunciatiop by the British Government Vi INC
precedent as a rule of future action. "i'i'oo ei'
ing or claiming for the published corroSP .Ll,
tween the Secretary OF Stale ana Lo'u A'"ou' '",
50, ,h t ,h., ne correctness has not been denied
conceive il proper in me allude 10 H. as IL Is Tor
other citizens TO canvass H. by re'erence 70 uia'
correspondence you will perceive ihat after delay
If four wears what the President insisted was due
ms has been amply rendered, and that in this mat
ter the honor OF the country has been indicated.
ad Another point In our foreign relations which
the message brought to the attention OF Congress and
,be People was the claim OF the British Government
10 visit and detan vessels sailing under the American
flag for the purpose OF executing their laws and urea
ties relation TO the slave trade Against tins claim
the President demonstrated in firm and decided Ian
guage, and declared that 1t must be resisted. inns
claim in effect is Withdrawn by the British Govern
ment, and her Envoy has precluded her from renew
ing it, by the stipulation in the published treaty Tor
the employment of vessels on the coast OF Africa oy
the two countries, separately aud independently, 10
act under the Instructions of their respective "o'o'
ments for the enforcement of their Respective iuh,-
cipal laws only. The Very OMISSION Oh any lecoe"'-
ton of an authority to visit the vessels Oh .he one
country by the officers Of The other Is IN ''sei an eX-
clusion of all such authority and leaves The matter
precisely where the President had placed it-a total
absolute and unqualified denial Of any such claim
The Insertion of such denial in the treaty would
have been absurd Treaties contain The Affirmative
stipulaons of parties, not the negations or protests
of either By refusing any alluslon to the claim, we
deny ON our part that it can become subject oil
compact reseryng ourselves the vndication oil our
rights (of which fair and explicit notice has been
gven) whenever they shall be assalled. mus mas
pretension which threatened tue renewal oil prac
tice that had brought on one war; been abandoned,
and the sanctiy of our national flag securedat the
same time the most efectua means nave oeeh pro-
yided for the utter destruction OF an accursed trade
4th Upon that most difficult and perplexing topic,
- rts he Ian ore n IS
sage defines with great accuracy, cearness and pre-
cision the true principles OF protection consistent
with revenue After speaking of the repugnance OF the
people to the imposition of burdens not really necessa
nv to the support of Government, the President says
ain imposing duties, however, for the purposes OF re
venue right to discriminate as to the articles on
which TIE duty shall be laid, as well as the amount
necessarily and most properly exists" After showing
that the imposition of duties ndiscrlmnatey all ar
tcles woulddeiea the very purpose of obtaining re-
venue he remarks: $50, Also the Government may
be justified in discriminating by reference to other
considerations of domestic policy connected with our
manufactures So long as the duties shall be lald
with distinct reference to the wants of the Treasury,
no well founded objection can exist against them,"
and he concludes the remark that subject by urg
ing the importance Of certainty and permauence IN
the system which should be adopted. 1t is believed
that no Just man who regards the various interests OF
the whole country, who would not compel that
portion of our fellow citizens who have no manuiac-
lures to pay taxes for the support OF those who have
them, without any equivalent, and who yet would
protect American industry from foreign cheap labor
in those articles which essential to us IN peace
and in war, and for which ought not to be Deepen
dent on any other nation, it is believed that no just
man who will take such enlarged and patriotic
view of the subject will hesitate to approve the prn-
cples promulgated in the message. While they are
adverse to prohibory duties on the one hand, they
provide for abundant incidental protection on the
other. They those and those only, that will Sc
cure harmony as well justice in the adjustment Of
matter involving many and such valous conflict
ing interests, and produce that permancnce which, in
this country, be attained only by the general ac
quescence Of the people in the equity and honesty OF
any system And, if the liberalty so unusual, thus
evnced by statesman coming from that portion oil
Union which has no manufactures, be reciprocal
ted and met in the spirit by those who are most
anxious to promote those int esis unity OF feeling
will exist throughout the Conlederacy, which will at
ford more stable and therefore more real and SUB
stantial protection to industry than any laws
that may be passed under occasional and spasmodic
excitements, which will be to interm with the
cessation of the stimuants that produced them
Should the Tariff law that has been passed and re-
ceyed the signature of the President, be found IN
practice to differ in important particulars from the
just and liberal principles advanced by him, he will
doubtless be found ready to sanction such necessary
amendments may be pro- osed by that body, In
which the Constitution has exclusively vested the au-
thority to originate and pass revenue bills
9Th. The recommendations Of the annual message
on the subject of currency and exchanges next claim
our attention. After pointing out the necessity OF a
medium of exchange, approximating to uniformity OF
value through the different parts of the country the
sden proceeds to redeem the pledge he had given at
the previous session of Congress- by submitting the
outlines of plan for the safe-keepng and disbursc
ment of the public revenue which shall at the same
time furnish currency, and thus indirectly regulate
exchanges The limits which have assigned to this
communication forbid repetition Of the details of
the exchequer plan developed in the message and
afterwards more fully exhibited in the bill submitted
to Congress by the Secretary of the Treasury. This
is the more regretted, because am confident 1t has
n been sufficiently considered by my fellow citizens
generally, to be thoroughly understood 1t is EN-.
phatcaly the plan of the President originated and
maured by him, with sing modification introduced
on the advice of his Cabinet. 1t proposes to attain
its objects by the application Of powers acknow-
lodged in practice to exist in the Government from
its foundation. The Treasury Department was in
uted for the collection of the public revenue, its
safe keeping, and its disbursement, according TO acts
of appropriation by Congress. To board of con-
troll under the superintendent OF that Department,
therefore, was given the immediate charge Of this
business, with authority to establish agencies, or en-
ploy State Banks in its transactions. To these was
added the power of issuing Treasury notes to the
amount of fifteen millions, seing drafts, receiving
deposits and purchasing bills of certain description
These were the general features and the President
invited discussion of its merits, while he expressed
readiness TO in any notifications that did
not violate its essential principles, particularly such
as should by any constitutional means relieve the
Chief Executive Magis,r tie from any controlling
power the public Treasury. You perceive how
entirely this plan avoided all constitutional objections,
by providing that the functions of purchasing and
sell ng drafts other than for the purposes OF the Gov
eminent should be exercised in any state only when
not prohibited by such State. All conflict with State
jurisdiction was prevented the banking privileges OF
the States were left without interference the opera
tons of the Treasury simpfed and facilitated, and
the great Interests of the Union promoted by the in
PRODUCTION Of the currency founded the revenues
of the country, and yet so limited as to be always
equivalent to specie. This plan has been approved
by some of the most competent fnancicrs Of this
country and of England and pronounced to be ade-