Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1842-07-05

TO acquiesce in its expressed WILL been able to per-
suade myself that the exgency Of the occasion is so
great as to justify me in signing the bill in question:
with my present views ofits character and effects
The existing laws, as am advised. are sufficient
to authorize and enable the collecting officers I'M
der the directions the Secretary of the Treasury TO
levy the duties imposed by the act ofIs33
That act was passed under peculiar circumstan-
ces TO which 1t is not necessary that | should do
more than barely allude Whatever NAV be in the
DRY, its character, have always regarded it as i'm
parting the highest moral obligation. 1t has now
existed Tor nine years unchanged in any essential
particular, with as general acquiescence it is be-
lieved, the whole country, as that country has
ever manifested for any OF wisely established in
slltuuons. 1t has ensured to it the repose which
always flows from truly wise and moderate councils
"a repose the more striking because of the long
and angry agitaions which proceeded it. This sal
utary law proclairs in express terms the principle
winch, while II led TO the Abandonment of a scheme
oil lndstreet taxation founded on a false basis and
pushed TO dangerous excess, justifes any enlarge.
ment OF duties that may be called for by the real ex
igencies of the public service 1t provides SHAT du-
ties shall be laid for the purpose Of raising such rev.
enue as may be necessary 70 an economical admin
lstration OF the Governmer W It is, therefore, in
tue power Vi congress tok saS high as its
discretion may dictate, sorN sssary S,ses If the
Government without infringing upon the objects of
the act OF 1888. do not doubt that the necessities
OF the Government do require an increase of the ia
rl OF duties above twenty per cent, and as little
douot but that above as well as below that rate
congress may so discriminate as to give incidental
protection to manufacturing industry-thus to make
the burdens, which il is compelled to impose upon
the people for the purposes of government produc-
tive of a double benefit This most of the reason
able opponents of protective duties seem willing to
comede, and il we may judge from the maniles-
ta'lons OF public opinion in all quarters, this is all
the manufacturing interests really require | am
happy IN the persuasion, that this double object can
the most easily and effectuay accomplished at the
present Juncture without any departure from the
spirit and principle of the statute in question The
manufacturing classes have now an opportunity
winch may never oocnr again. of permanently iden-
utylng their interests with those of the whole counl
Try and making them, in the highest sense of the
term, national concern. The moment is propi-
nous to the interests of the whole country
IN the production of harmony among all its
parts and all its several interests. The same
rate Of imposts, and no more, as will most
surely re-estahish the public credit will secure TO
the manufacturer all the protection he ought 10 de-
sire, win every prospect Of permanence and sta
Dllty which the hearty acqui essence of the whole
country, on reasonable system can hold out to
him.
But of this universal acuuiesence. and the bar-
mony and confidence, and the many other benefits
that will certainly result from it. regard the sus
pension of the law for distributing the proceeds off
the sales of the public lands as an indispensable
condition This measure is, in my judgement.
called for by large number, ifnot a great major
lty ofthe people the United States by the state
OF the public credit and finances by the critical
posture OF our various foreign relations and above
all by that most sacred of all duties-pubc faith.
The act of September last, which provides for.the
distribution, couples II inse lrabiy riI ttIe tun-'
dton, that in all cases-frst, in case of war; Sec
ond, as soon and so long the rate of duties shall
Tor any reason whatever, be raised above 20 per
cent Nothing can be more clear express, or i'm
peratlve, than this language. 1t is in vain to al
lege That dehclt IN the treasury was known to
exist, and that means were tabento supply this de-
hclt by loan when the act was passed 1t is true
that loan was authorized at the same session du
ring which the distribution law was passed but
the most sanguine of the friends of the two mea-
sures entertained no doubt but that the loan would
be eagerly sought after and taken up by capital
lists and speedily reimbursed by country destined
as they hoped, soon to enjoy an OVERLOOKING pros
perlty. The very terms ofthe loan, making it
redeemable IN three gears, demonstrate this be-
yond all cavl Who, at the time, foresaw or i'm.
agned the possibility of the present real state of
things, when nation that has paid off her whole
debtsnce the last peace, while all the other great
powers have been increasing theirsand whose
resources, already greatare yet but in the nfan-
ccy OF their development should be compelled to
Maggie IN the money market for paltry sum not
equal to one years revenue upon her economical
system? If the distribution law is to be indef-
nitely suspended, according not only to its own
terms, but by universal consent, in the case ofwar
wherein are the actual exigencies of the country,
or the moral obligation 10 provide for them, less
under present circumstances than they could be
were we actually engaged in ware 1t appears
to me TO be the indispensable duty of all concern
ed in the administration of public affairs to see
that state of things so humilating and so peril
Gus should not last moment longer than is abso-
lutely unavoidable Much less excusable should
we be in parting with any portion of our availa-
BILE means, at least until the demands of the trea-
sury are fully supplied. But besides the urgency
Of such considerations, the Rssls undeniable, that
the distribution act could no, have become law
without the guaranty in the proviso of the act it.
self
This connexion thus meant to be inseparable,
is severed by the bill presented to me. The bill
violates the principles of the acts of 1888 and Sep
TENDER lS4l, by suspendng the first and render.
ing for the last imperative Duties above
20 per cent are proposed to be levied, and vet
the in tho :. IL