The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1842-08-17

the one dependent upon that OF the other' In lu-,
ture contests of partv Can anything be more
fatal to the merchant or manufacturer than such
an alliance! What they most OF all require IS a
system of moderate duties, so arranged as TO Witn-
draw the tariff question, as far as Poss'oie' COM
pletely from the arena of political contentlon'-
The chief want is permanency ana staoiilty -
Such an increase of the tariff belleye 10 De ne
cessary, in order to meet the economical eHPen-
ditures of Government. Such an iHcrease' maze
in the spirit of moderation and JudIcious GIscrim-
ination, would, have no doubt, De oltfely satiS
factory to the American people, III lhe way oi
accomplishing a measure so saiutd'y J anu 81 ini-
peratvey demanded by every puoilc interest,"
the Legislative denartmcnt will meet with cor
dial co.operation on the part of the Executive
This is all that the manufacturers can, desire,
and il would be burden readily borne by the
nnonle But cannot too earnestly repeat, that,
in order to be permanent, it must command gen.
eral acouiescence. But can such permancy be
Justly hoped for, if the tariffqueston be coupled
with that Of distrjbution-as to which serious
conflict of opinion exists among the States sand
the people; which enlists in its support a bare
maiority-if indeed, there be maIorlty--of the
two Houses of Congress! What permanency
or stability can attach to measure which, war
ring upon ITSELF gives away fruitful source OF
revenue at the moment it proposes large in
crease of taxes on the people! Is the manutac-
turer prepared to stake himself and his interests
upon such all issue! ra@,
know that it is urged (but most erroneousiy'
in my o,non) that instability is just as apt to be
produced retaining the public lands as source
of revenue, as from any other cause; ana li,s IS
ascrbed to a constant huctuaton, as IS said' ID
the amount of sales If there be anything IN
this objection, it equally applies to every lmposl-
tion of duties on imports. The amount OF re-
venue annually derived from duties is constantly
liable to change The regulations OF loreigh
Governments, the varying productlVeness OF olii,
er countries, periods of excitement ~ trade, ana
a great variety of other circumstances, are con-
stanLy arising to affect the state OF commerce,
foreign and domestic, and, of consequence, the
revenues levied upon it. The sales of the pub
lie domain in ordinary times are regulated by hX-
ed laws, which have their basis in demand IN
crcasing only in the ratio ofthe increase o poPula-
ton. In recurring TO the statistics connected
with this subject, it will be perceived that, ior
period of ten years preceding 1854, the average
amount of land sales did rot exceed s2,UUU,UO0
For the increases which took place III le34-'o
and Is, we are to look 10 that peculiar condition
of the country which grew out OF one oi lie most
extraordinary eXcitements in business and specu-
laton that have ever occurred in the history OF
commerce and currency. 1t was the fruit OF
wild spirit of adventure, engendered by a vIcl-
Gus system oil credits, under tie evils oil which
the country is still laborng, and which 1t is lond-
ly hoped will not soon recur. Considering the
vast amount of investments made by private IN
dividuals in the public lands during those three
years, and which cquallcd SAB, 600, 00O, (equai
to more than 20 years purchase,) taking the ave-
rage of sales of the ten preceding years, 1t may
be safely asserted that the result OF the public
sa hold out ne,1nT IN t9s d m2e: az
venues and consequently in the course OF the
Government.
Under what appears TO me, therefore, the
soundest considerations of public policy, and in
view of the interests oferery branch OF domestic
industry return you the bill, with these my OBJ
jecilons to its becoming law.
take occasion emphatically 10 repeat my
anxious desire TO operate with Congress in the
passing of a law which, while it shall assist in
supplying the wants OF the treasury, and re-es-
tabIlsh public credit, shall afford TO the manufac-
turing interests OF the country all the incidental
protection they require.
After all, theseaect OF what do is substantial
ly to call on Congress to reconsider the subject.
II, on such reconsideration, a majority OF two
thirds Of both Houses should be i'll favor of the
measure, it will become law, Notwithstanding
my objections. In case OF clear and manifest
error on the part of the President, the presump-
ton Of tile Constitution is, that such majorites
will lie found Should they be so found in this
case, having conscentiousIy discharged my own
duty, shall checrfully acquiesce in the result.
JOHN TYLER.
Washington, August 9th 2542.