Holly Springs gazette., 1843-01-13

10 diD, UY ali The means az your command I
TO carry cut the expressed will Of your Com
stituents
The disease under which the, National
prosperity labors, is the want of facility in |
Exchanges, and a sound uniform National |
Currency. The remedy resorted to ia some |
OF the States. is the establishment OF State
Banks, which throw in circulation supply |
Of notes, which for moment seems to give
relief but these notes have only 10 take a
turn or two NorthwaTd, aud back again. TO
be redeemed with specie. and the vaults are
emptied-the Bank suspends-the notes be-
come valueless, and the remedy turns cut 10
be wTetched quackery. thar dggravates the
disease. Banks owned by States. SO located
as to be subject to these continued drains OF
their specie. cannot Withstand the operation,
any more than those owned by individuals
The passage of new Tariff of duties, at
the last Session of Congress. il is hoped. Will
relieve the nation from the temporary shifts
of issuing Treasury notes. or Of resorting to
loans, to meet its current expenses, and to pay
its debts. Already its effects are visible m
the increased activity of American industry,
and in the growing tone of some of the Eu
ropeaa Journals, and in due time, il is behev-
ed, will be visible In the increase Of our
Revenue But scarcely has the law gone
into operation before we hear lis repeal
threatened. because It's object is something
beside raising Revenue. 1t is high time,
the principles under which duties may be
imposed, should be settled and adhered TO-
The principles being settled, the extent to
which the power may be exercised, then be-
comes matter of exPediency-All agree
that duties may be imposed to raise Revenue,
but some contend that they can be imposed
for no other object. Ifthis latter doctrine be
true, then are we shorn of some Of the most
important prerogatives of a sovereign Peo
ple-lhen may we be subjected to the most
abiect commercial Slavery. If it be admit
| ted that Europe can pour into our Country
the excessive productions Of her pauper la
! bor, whenever she chooses, and can exclude
our productions from her Markets. or tax
them so high as to be ruinous 10 us, aud that
we have no power, to protect ourselves q
gainst the influx OF the one, or, to counteract
| The oppressive exclusion, or heavy exaetionS
ofthe other-then, indeed, are we in help
| less condition. The avowal ofths doctrine,
| is well calculated TO invite Foreign Powers.
who are so inclined to forget right. to I'M
| pose all such 'tyrannicai restrictions upon
cur commerce. as their cCpidity may sug
! oest Indeed, for some time past, we have
been approximating this condition. Europe
has been flooding our CoentFy with the Pre-
ducts os her labor, at a tax OF some 20 per
| cent, while the productions CT American la
J b0r have been either totally excluded from
her markets, or taxed from SO TO $50 pei
cent. Her Writers upon the wealth of Ma
tons, descaat to us npon the beauties of FREE
TRADE. Her political Orators and Jour
nails. shout TO Us, across the Atlantic-"FREE Z
! TRADE" the glorious privilege of 6uy-
ing from whom you please.
Some Of US re echo Free Trade and the
glorious privilege of buying of whom we
please. But from none ofthese do we hear
the shout of Free Trade, and the glorious
privilege of selling where we please, and tc
whom we choose. 1t is as important to US
to have the privilege of selling, without ex
orbitant exactions, as it is to buy withou
them. If every facility and inducenent II
purchase the industry of others are opened
10 us-but every facility and inducement tt
sell the products of oar industry are obstruc
lied OF closed, then must we become. mos
surely. a ruined people. This sentiment
! uttered Dy Oiic VI OSt iiiOSt etc.iti u'9tiOe
Presidents, in 1924, in relation to Tariff
and at time when he was before the people
as candidate for that high Office, is full,
sustained by eighteen years OF subsequen
experience. He said-"In short, sir. w
have been too long subject to The policy o
BritisA Merchants. It is time we shouIC
become little more 4merlcanlzed, and, IN
stead of feeding the paupers and la6orsr.
of England. feed our oarn; or, else, In shor
time, by continuing oar present policy, ",
shall all be rendered Paupsrs ourselees.'
The policv then recommended. 5y him, ha:
not been pursued, and how truly he shadow
ed forth our present condition. Let Us Fesis
the policy OF British Merchants, let us be
come a good deal more Americ0nlzed, le
US feed our own paupers and saboFeTs. IN
stead Of feeding those of England, let US a
bandon that policy which leads to Pauper
ism, and adopt that which will raise pauper:
and laborers to competency and lndepen
dence. Let US declare our Commercial In
dependence and proclaim TO the world, we
have The power not only to raise Revenue b.
imposing duties, but that we have The powe'
BY imposing them. to protect American Ia
dastry. against European industry and te
counferact by our Legislation. anJ foreign
Legislation hostile to our Interests. But, al
The SINE time. let us invite all nations 10 a