, 1844-09-07

which we refer. however. SEXES upon
a passage in VA ofCoI. Polk's speech
e., in which he said the bill advocated
nv him would afford "Suiiicicnt Incl.
dental protection to all mannfactuG-
INC establishments biased on real. not
b,rr)rea capital and then rings the
changes on the word "borroWed." to
create the impression that he is op-
posed TO all credit-and In the Poor.
Now. the Distinction drawn bv HIM, is
obvious aud correct. A manufacture
CT doing business on his own capital
can thrive, when one compelled to
pay interest on his capital, in addi-
ton 10 the other expenses of his cs-
Enlistment. might. languish. For IN
stance. profits amounting 10 SIX Or
eight per cent. on the capital invest
ed. might be considered very fair hv
the real caritulIst. but the borrower
who had To pay SIX or eight per cent.
interest for lis capital could not thrive
without greater profits. Would the
Wings have the Federal Government
arrange the tariff lnwS.SJ as to cna-
bic borrowers 10 make largrr profits
than real capitalists! Ii so. how
could they accomplish that objecI?-
II The manufacturers of cotton goods.
COR Illustration. can make 90 per cent.
on their investments, would not the
borrower have 10 pay y higher inte-
r-si for his money. than he would if
the profits were only ten per cent!
What regulates the interest o. mon
~, and how would it be possible for
Govcrnmentrn place the borrower
and actual capitalist on the same too;-
irg N business matters. except hy
furnishing 10 tho borrower capital
free of interest?
Bot it is sad that. in 1884, Col.
Polk voted for Il resolution calling on
the Committee on WAYS and Ilcans
to r,pogI q plan tor reducing the reve-
Uuc + tie necessary expenses at the
Government. How should h" have
voted! Would the Whics have the
revenue raised, not 10 nee the ex-
parScs at tie t,r~rrnmrnL. hni To he
sIIau!HTcd IN reckless rXlrrVauGuce!
Ia 1854 an enormous surplus Was ac-
eliminating in tie Federal Treasury.
W i"L was subsequently deposited
with the States. and ted 10 that Svs-
TEN Of measures that has left many of
them bankrupt. VINO can now deny,
with the light of experience to guide
him. that Col. Polk was right in then
drsirln. the icyeuuc To he reduced To
the necessary expenses of the Gov
eminent? THIS is indeed Il SINGULAR
charge t. be made against him. Imc
only icw,m1te inference from it i.
that the Wings are in favor Of pun
lie eXtravagance and unnecessary
taxation for the benefit, not Of thr
people. but of spectators. In 1913
Mr.. Clay said n more revenue
should hc raised than is necessary for
an economical administration Of the
Government
Bu, ii is charged as Il grave offence
that Col. Polk voted, in 1882, cor the
repeal oi 1.-The tariff Of 1925. which,
says Nj. Clay. mo one stands up 10
defend" The bill for which lie voted
at that time proposed "A duty of 10
per cent. on wool. which reduction,
says the Whig tract, would have ''put
the knife to the throatof every sheep
ia the country" Whohave opposed
strenuously, and frequently, even Il
duty of Is per cent, on wool! Why
the Wing leaders themselves, as the
Journals of Congress will show
They have insisted repeatedly that
50 high I duty was not necessary,
and If the sheep have suffered from
the laborS of any in this county,
the knife has been put to their throats
by Wing Congressman.
1t is also objected TO Col. Polk that
he is in favor of restoring the comPro-
mise act. Without going into an e.
Iaborate discussion of the provisions
of that act. we make the following
quotations from Mr.. CLAWS speeches,
&c. to prove that the same objection,
if it have any force. is as applicable
to the Wing as TO the Democratic
nominee Tor the Presidency:
In a speech made al Hanover, Va.
on the eth of June 1910, as report
ed at large in the National Intelligent
Ger of July IS, 1910, Mr.. Clay SAID:
1.-The question cannot be, ought
not to be, u of principle. but of
measure and degree. | ADOPT
THAT OF THE COMPROMISE
ACT. not because that act is ire
pealable, but because it met with the
sanction Of the nation. Stability,
with moderate and certain protection,
is far more important than instability,
the necessary consequence of high
protection. But the protection of