Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-07-09


which provides for the distributions, couples IL IN
separabiy with The condtio that II shall cease
Ist In case Of ID As and s o long
The rate Of duties shall for any reason whatev er
be raised above twenty per cent. Nothing can
be more clear, express and imperative, IMAM lhIs
language.
1t is 10 vain to a!Iege that defici, 10 the Troa-
sury was known to exist, aud means taken 10
supply IT by loan when the act was passed. II
/ IS true that loan was authorized at the same
session during which the Distribution law was pas
sed, but tie most sanguIne OF the friends OF the
TWO measures entertained no doubt but that the
loan would be eagerly taken up by capitalists,
and speedily Reimbursed by a country, destiucd
! as rhev hoped, soon 10 enjoy overtomIng pros
Iperlty- The very terms OF the loan making II re-
deemabIe IN three gears, demonstrate this beyond
all caviI. VINO at that time taresaw or lmagIn-
ed the possibility OF The actual state OF thlngs,
when Il nation that has pad Oft her whole debt
since the last peace, While oil The cher great
powers have been increasing theirs and whose re-
sources, already SO great, are yet but IN the IN
fancy Of their deyelopement, should be compel
led IL Maggie the money market Tor pallry
not eqGal to one years revenue Oh the e
economical system? II Tho distribution law IS 20
/ he indefinitely suspended according not only TO
It's own terms bat BIZ universal consent IN case Of
war, wherein are actual eXgencIes ol the coun-
try Or The moral obligation TO PROV lde tor the IN
F less under present circumstances, than they
/
appears be the ind spensabie duty Of all
Concerned 10 The administration Of public affairs,
to that state OF things SD Illuminating and
perttous should not last moment, longer than is
absolutely unavoIdabie-much less eXcussabIe
should we be III parting with any portion OF our
unavailable mcans, at least, untli The demands oil
the treasury were fully inuluplIed.-Dlt besides
the urgency Of such conscientious, the fact is
undenIabie, that the Distribution Act could not
have become law without the guarantee III The
prov $50 of the act itself.
This connections thus meant to be luseparable,
is severed bv the bIii presented to me. The bill
violates The principle of the acts OF 1888, and
September, ISL, ty suspendng The first, aud
rendering, for time, the last imperative. Du-
ties above twenty per cent are proposed to be ie-
wed, aud YET the IrOriSo IN the Distribution Act
Is Gsrega rded-he proceeds of the sales to
he distributed on the first OF August, so that
whtlo the duties proposed 10 be enacted exceed
twenty per cent, no suspension OF the distribution
10 The States Is permitted TO take place. 10 a
handon the principle for month, opens The way
to its total aba ndonment. II such IS not meant
why pos tpone at h!i-wh ny not let the distribution
take place the first OF July, II the law di-
reefs which however, is regarded as qnestIona-
ole, bat why not have limited the provision to
that etfect?-ls 1t for the accomiaoda zion Of the
Treasury! see no reason to believe that the
Trcasury will be III better condition to meet the
pa yment the first Of August, than the first
81 jay. ne mn assumes mat a GiStfiDutIOD oil
the proceeds Of the public lands ~ by existing
laws, to be ,nado on the first day of July, 1912,
itts uudug ti,c-o hos bUuu isnpUsi'ios ',f
duties on imPusts exceeding twenty per cent up
that day, ami directs 1t 10 be made on the irst
Of August next. 1t seems to very clear that
ibis construction Is equally erroneous and dap
gcrous, as 1t would divert from the Treasury q
fund sacrtdly pledged for The general purposes OF
tho Government, IN The event of rate OF duty
above twenty per cent, being found necessary for
an economical administration Of the Government.
The bill under consideration IS designed
only temporary measure, and thus 4 temporary
measure, passed merely ter Tie enence Of
Congress, is made tc effect the vital principle Of
important act. Ii The prosIso of tho act Of
September, 1871, can he suspended for The whole
period of G temporary law, Why not for he whole
period Of permanent law? doubt may be
vel! entertained IN fact, according to strict legal
rules, whether the condition having been thus
expressly suspended by this bill. nd red IN
applIca bic a case where would otherwise
have clearly applied, Will not be cons ldered as
ever after satisfied and gone. Without express
ing any decided opinion on this point, sec e.
nUugh In II II Justify me IN adherng to the law
II stands, III preference to snhjecting condition
so vitality affecting the peace OF the country, and
so solemnly enacted at a nome ltous crisis, ard
steAdtastly adhered TO ever since, and re-
pleio if adhered to with good TO every interest
OF the country TO doubtful or capilous nterpreta
ton
In dscharging the high duty thus imposed on
me by the constitution, repeat to the House my
entire willingness to cooperate IN all financial
measures of n constitutional character, which in
its wisdom It may Judge necessary and proper to
re establish the credit of the government. be- !
lieve thai, the proceeds of the public lands being
restored to he Treasury, properly ~
speak the proriso Of the ac; of september, 1911, +
being permitted remain in full force. a tariff Of
duties may easily be adjusted, which while it will (
yield revenue sufficient to aintain the govern
mr. mt in vgor by restoring its credit vii! afford
ample protection, and Infuse a new life into all
our manufacturing establishments. The condition
of the country calls for much legislation, aud il .
will afford me the most sincere pleasure TO CO.
operate in It, JOHN TYLER.
Washington. June %, 1912