Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1844-08-30
pROTEr,n,fnM

w N.
The difference bet,oeen Clan and PoM-b ,i,r,c, ,ts
Whg party and The locofoco pariy
No where have seen the difference betvveen
the Wings and the Locoocos as parties 60 clearly
and happily expressed as by Mr.. Clay himself Il
was on the Both and 3lst of March, 1874, that Mr.
Clay delivered one of the ablcst speeches ever
made in favor of the Protective policy, and in that
speech he said
sns,e; of politician. divide the people of tho United
industry should be sn9st 10 no ohr pos, laa Sc as a5s
nce,gry 70 Prep@e p@6s rereuc and the produce of Ame
as well us abroad, with rival foreign articles"
| That was the doctrine of the enemies of pro-
lection in 1924, and is precisely the doctrine Of
the ocofocos of the last Congress, and of Polk
now.
Mr.. Clay then says
According tho system Of tho other class willis, they a.
gree that tho impo should be mainly and may und'f any
modihGation be safely relied
foreign fabrics qorda grasGf but sDraUaTr rSoTTcTioS
'G By sas and ,'% " G~s G esSey on and r r
d, o. %%r San ggIt, c om or abundant tesouc
ms latter was the doctrine of Mr.. Clay, and
the friends Of Protection in 1894, and is noic his
doctrine, and The doctrine of the Wings.
1t will be observed that the difference is wide:
one excludes protection, except an accident;
| the other embraces protection as an object TO be-
secured Now this is the very difference between
the Locoiocos and the Wings in the present Con-
gress, as Is most fully shown in the repors made
at the last session. We quote as follows:
Eri,actS from The tocoioco Report By M. Nc Kan.
the existing Tariff law, which, if adopted would constitute 10
regc'uo arG within the rules before laid down."NPaqe Is
prove d arc Necessary for rrenU DC %e nseat soH
ment of that fact must furnish Information nno1 Which tam
Their REpucToN to epropc point can be much moro
safely and certainly made than AT pro,en."Pages Is iG
Yielding, they have DONE by their ton NH the re5n
a protection which high Tariff afford then must
Be distinctly understood 70 assent 70 tho continuance Of hat dgrGs
treasury sid require tae high duties and ONLY as hat
nsec'sy slaH continue require them Whenever reduction
OF the public expenditures the payment Of such portions Of
tho public debt be paid off, both shall present sur
on tho corntry in excessive c,non e' m ag IN VISITED up
eHou dcpostes, or distributions to the Stnes FURTHER
pear to be the revenue standard" --Pngc Ia. r
The locofocos thus erclude entirely the idea of
arranging duties for protection; revenue revenue
is their sole object And mark the threat. that
whenever a superabundance of revenue comes thew
will reduce the duties. Why not diue,t The puJIc
lands, and save the farmer, the manufacturer, and
the mechanic from ruin? But contrast the Whr
doctrine:
Ertrdcts from The Uhig Report by M. Hudson.
me trainers of the Constitution wisely provided Congress-
M haTo power to- impose duties not only to the debts of
general welfare Our present law founded this
the support of the Government But, like every stttue It
Is nov ona to the wants of the people The committee believe
of finance without taking into view the condition. situation and
interest of those Whom the burdens True wiz
dom viii not only consult the present. but the prospective b
v of The people the demands Government That
system OF finance, which should destroy coun
, or throw mpedmcnts in the industry the peo
pc ana so dry up the of for could
not he regarded rs wise The fnancr
should, ms the paramount object, seek wealth. and
eVeope The ecuniary Of the people, NAV
he able, from to year. make those contributions which the
government may require and TO do it with the least
Hhcc u Is not enough that impose single tax,
revenue sufficient for solitary you look pros
pey OF the people, and be careful that in obtaining annual
aS'emon do not impair the taxable property
Is win nation with an ndyduuto the greatest
gregate OF interest for of years. you must
Die, increase the principal A J therefore, must
crmnahg IN It's character must foster epay interest,"
Stimulate industry IN erery department Of human enterprise
must render the nation prosperous that they
meet ercy draf Of the Government. To this principle
tho burdens of taxation should be imposed upon the uxue
rather than upon the nccessarics of lfe.-Pag1 H.
object for which Government Now we object al
together to this view of the subject believe that the Gov
eminent was instituted not for the purpose of raising revenue
but to promote the prosperity and happiness people Rev
enuc though necessary its place. and an end
mere Incident which is not to stand in the great oh
cct Tor which the Government ordained csabisbe
the prosperity and happiness of the peopePagcs IL 49,
\ Such Is the difference between the parties: the
issue is now, as in 1924, Protection or No Protec-
tlon. The assertion to the countrywide it made
by whom it will, high or ow locof0co or third par
y man-is untrue, and tends to lul the people into
a fatal security. The danger to the cause of Pro.
lection is imminent arouse the sleepers.