Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1843-08-24
CLAY AGAINST A PROTECTIVE Ia
RIFE

"While the Coons are swinging their hats for
a high protective tariff, with the view Of affecting
the election in this State would be well for those
who are sought to be guIled and cheated to
to the sentiments Of their great leader and avowed
Presidential candidate, HENRY CLAY, and see
If they likely to attain their ends by his cleva
ton or, rather to see il the whig papers and lea
dore hcrc are not attempting TO deceive and befool
them"
The above quotation is taken from the Vermont
Patriot, one Of the leading loco foco papers--and
which is used as caption to an often quoted ex
tract from Mr. Clays speech in the U. S. Senate,
convince the Northern Tariff men of Mr. Claws
hostility to that measure What the Locos would
gain even if they succeeded-we do not see, as as
suredly no man Of northern principles--even if
convinced Of Mr.. Clays treachery-woud con
fde to any extent his interests to the keeping of
Free trade Locofocos The following is the ex-
tract quoted, and although unfairly, what evidence
does ii afford to his abandoning the principles Of
protection
Extract from speech delivered by Mr.. Clay in
the u S. Senate, March LIST, 1912
"Let me not be misunderstood, and let me en-
treat that may not be misrepresented ! am not
| am for abiding by Tie prineipies of the Com
promise Act; | am for doing what no southern
man OF fair or candid mind has ever vet denied
giving 10 the country revenue which may
provide for the economical wants of the Govern
ment, and at the same time give an incidental pro-
lection to our home industry Ifthere be here
single gentlemen who will deny the fairness and
Propriety OF this, | shall be glad to see and hear
who he u.s."
He says, II am for abiding by the principles of
the Compromise act" This we all understand
But the question then arises, what are The true
principles Of that actl Fortunately for himself
las well as us) in view of such misrepresentation
as we now witness, he in the same speech gave his
construction OF them in the following terms
"Bu, it is necessary now 10 consider what the
principles Of the Compromise act really are
L. The frst principle is that there should be
liked rate ofad valorum duty, and determinations
below II,
IL. That the excess of duty beyond twenty per
cent should by gradual process, commencing on
the 3ist OF December, 1888, be reduced SO iha,
by the 30th OF June ls43, il should be brought
down TO 20 per cent
Ill That, after that day, such dulles should be
lad for the purpose OF raising sueh revenue as
migh, be necessary for economical administra.
tion oil the government; consequently excluding
all resort to internal taxation to the proceeds Of
the public lands. For cotemporaneously with
the tendency Of the compromise act, bin was
then pending for the distribution of those pro.
ceeds
~ That after the 3oih June, 1912 all duties
should be paid in ready money to The exclusion
Of all credits
V. That aterthe same day. the assessrnen, Of
the value Of all imports should be made a, home
AMI not abroad
VI That after the same day lia Of articles
specified and enumerated in the act, should be ad.
mhted free OF duty, for The benefit Of the manuiac.
turing Interest,
These are the principles, aud all the principles
OF me compromise act. An impression has been
'aken up, tnosi enormously, that the rate Of duty