Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-03-31

M ons ofdollars. Deductins 600 600 dollars q
expenses Of eoleetion IS estimated by the Senator
tom Kentucky, tNr ClsyJ and there would &c
main SsS ioooco. twenty three millions Tour hun
bred thousand doiars,l TO which. adding three NIL
lions, the estimated annual average amount OF the
land sales, We should have an aggregate revenue
OF twenty Elk nbns four hundred thousand dol
lars exceeding W four hundred thousand do
lars the sum which the honorable Senator esli.
mates as necessary for the current expenses OF
the Government, and the gradual discharge OF the
public debt. Thus by restoring the Land tund TO
the National Treasury, and carrying out, IN good
faith. the principle OF home valuation, by giving
fair equivalent for 1t, the compromise is pre-
served iafiei IN all its parts, adequate revenue
obtained toe the Government, and incidental TO It a
due protection, should trust, would lie given 10 all
the great interests Of domestic labor and production,
while that stability of legislation, which is above
every thing else, essential to the prosperity oil m
dustry and trade, would be secured by an adherence
10 so'emn legislative adjustment OF conflicting IN.
leres,s, which has been hitherto respected, and
would continue to be respected, by all parties.
would, then, most respectfully appeal to honorable
gentlemen who represent the manufacturing inte-
rests OF our country this hoor, whether, IN ew
OF all these considerations il is not better for them
to abide iair trial OF the Compromise act, on the
principles have veniured TO submit; and II 1t bc
tound, on experiment, that any Of those interests
which have grown up on the faith of former legsle-
iion eanno, iirs, TO use phrase somewhat teehni'
cal. under the reduced scale applied by the Com
promise act, then the instinct of common interest
and the spirit OF fraterna concord, which an;mates
and holds together this glorious Union of ours, will
hasteu doubt not do them full and equal justice.
But have already extended these hurried obServa.
tons further than intended, when rose. and ask
ing pardon OF the Senate for the trespass beg leave
TO present the resolutions hold in my hand-and
move that they be printed for the consideration OF
the Senate.
The Resolutions were then read as follows:
Strike ont the second, third, fourth. and 9th re
solutions OF MIR Clay, and substitute the following:
I. Rsso!rSd, That, in the present embarrassed
condition OF the national finances, and at a monen,
OF critical uncertainty in the foreign relations OF the
country, II IS OF paramount importance TO the inter
es,s OF the whole Union that the General Govern
mont should have the aid Of all the sources OF re
venue with which i; has been heretofore endowed
for the main,enanes of the public cssii, and the
efficiency OF the public service
?. Rtselred. That the distribution ofthe proceeds
OF the public lands among the States having, by the
terms of the az which enacted II, been made eN.
ptessly dependen; the continued limi'aIion Of
the duties on foreign imports rate net exceeding
~ per cent rs provided for by tho COMPROMISE
oct, ana u being now spp2rent that that rate OF
duty on foreign Imports viii not produce revenue
enough for Tho Of the Government, without
The ard of the lend fund. ire principles. and coudi-
lions on which the Distribution law was enacted as
well as the eIeencies Of the public service. require
that rs operation IT, for the present suSpsndej.
). EsselrsG, therefore, Tina; 50 much OF the act
enutled An &c, 10 appropriate the proceeds ot the
ph0Ie lands and 10 grant pre- emp;ion rights" ap
proved on III, 9Th day OF September, lS4l, as ap-
propraies iho'e proceeds the States srd Terrific.
rss ard the Disiric: OF Columbia, ought 10 ba suE-
pended, until the national debt already con;Tactoj,
or which msy be contracted, shall have been paid,
and that IN the time. the said proceeds be set
apart and pledged as fund FOR the payment OF the
iniete',, and the gradual e1tnsuishmen, of the
principal, of such debt.
4 RssoirtS, That in any ue= adjustment OF the
tariff Of duties on foreign import which may become
necessary. ;he principles and provisions of the nc,
the ? OF March, 1888, commonly called the Com
promise act, should be adhered to and maintained,
as far as practicable, consistently with the
~ demands Of the Government economically I'D
min'sered, and with the .au, justice duo to every
interest and portion ofthe country.