The Arkansas banner., 1844-10-09

works, and 10 carry the iron tomarket, Our hemp Business and Jnanuiactures were on 1 still more extensivl lscale. These nsanufac- lures, with other establishments, gave an inl- petas to labor that gaee to us growth and prosperity, and yaJy1 to our mountain re- gion. thai inspired usswith love of country unsurpassed by any people. under the sun All who desired it, were happy and growing l rich, except the otfice-seekers, and hangers on to the skirts of osIice-seekers But 1t hap-s pened, that just at this period, as in thc Mis- soufl bill, Mf. Clay again returns 10 Congress; for, It will De recollected, that Gen. Jackson had laid him up in dry dock, from 1898 to 1888.
 Well, as hav.shown, MT. Clay had. on first entering into Congress, destroyed the Bank of the United States--had, on his return from his mission to Europe and entering Congress in 1917, sacrificed the balance of power between the slaveholding and non saveholding States, by his Missouri compra mise act And what does he do when again sent-.yes, and on my vote, too-to the sen- ate in l8332 Why, his first notorious act was to strike down the'protective tariff flag; yes, to strike it down, never to rise again; for, by an act drawn with his own hand, he added new clause to the constitutional the United States, by which it is stipulated that i all taxation for protection, should forever cease, and that the existing tariff should ur- dergo a slide, think, of one half per cent per annum, upon articles, whetief passed for revenue or protection, from the passage of his bill until June, 1842, when the tariff should be forever therealter, levied for revenue, and that only to sufficient amount to supply an economical administration of the government l Thus did Mr. Clay exclude the action of the Congress of the United States, for nine vears, from relieving either the people or the treas ury; and then forever afterwards, did lie restrict Congress to a tariff harely equal to 1 support an economical administration of the affairs of the government. And now. protec- tive tari!Iites, who killed your protective ta- tariff Who has blasted all the promised hopes of our independence of foreign labor9
 What has become of all those vast plans of national internal improvement, by which our rivers were to become inland seas, and our mountains fertile piains All given to the winds and the waves dead and buried And who was the grave digger? Why, fl itmust be told, it was our own Clay. So that the hankite first lost his bank bY Mr. Clay, and the southron has lost his physical balance and protection by Mir. Clay, and you protective tarfliles haze lost your tariff by Me. Clay.-s E. Vow let us, on the subject of Mr Clay's des- truction of the tafiA, count up the loss. Re- collect thatthe slide of reduction was to com menee in 1855, and run on until 1912, ire E. speetive of the ruin i might bring upopzfale i. manufactures, or the credit oi the nation-- l The protection upon hemp was, l think, , cents per lb., upon haggiug, 53 cents per yd.; on bale-rope, - cents per l5.: oa iron. think, cents per lb. IL Is inpos- I sble .to imagine q scheme of reducing tax- atlen more destructive in It's consequences. It held out the idaa b the manufacturer, that his business wehhlno bag .eally diminished, aaa tEarahF adinoHisae IliH io exFe#It t, se $ ta cover the re3Hetion ai his lab8f by the tariff Bat t estlY lafe1 hsin io a more eer- taa ultimate ruin. ssa4e O -asalae du- tes and soand currency, men engaged lt bu- siaess anticipated theiF proifi aad loss bv the past vear's basnesi, bu, he . vas aaiawafd, working ruin. that, like consumption. mr. dermiaed the labor ol ilie maaulacsne CT in so many points of his business, as to bafle ali rI prudent calculation
 On the hrstaveal5s operation in the cotton hagging line, the manuacturef who made q million yards of bagging, lost upwards flour thousand dollars by the reduction, and the
 iron maker, who manufactured million of tons of iron, lost about that sum; but the !, next year, their losses were doublet, and con- tinued to increase to lS42. whfn tley were
 left without protection. These losses were not all While AIr. s!ay's bill was breaking up their profits, 1t was tearing up the mvrads
 of customers that bought and consumed the iron; 1t undermined the profits of the mer- chants, and reduced the prices of agricultural
 labor, until 1912; and that year found nine teen twentieths of ti4e9ron manufacturers ut
 tefiy bankrupt, and thousands of tfose en- , gagged in the manufacture and purchase of
 hemp, in not much ,betler, condition To 7 enumerate tae widespread fum brought upon
 eYerv branch of business, would be labdn wli.@a neither your patience nor my strength will admit of, by Mir Clay's bill. l. is bet
 teswritten than can pairs i, inzhe r. cords of the myriads of bankrupt cases which dis grace lhe country under his banklnpt acl
 l. is written in the bankruptcy of your .na-
 tional treasury, and the debi that lhe govern
 meat has been compelled b ilIe,sf. in time 0f peace, ta carry on its administration with. Il But you say Mr. Clay was compelled to . destroy the protective tariff to keep South Carolina n the Union Indeed And do : you wisli him to be President 10 raise another
 protective tariff to agaIa drive hgq into a , civil war, that Mir. Clay may make another r compromise 10 keep her the Union' And
 is t true, that Mr. Clay not only struck down the flag of his protective tariff, but struck
 down the flag of his nation to South Carolina'
 And Is it true, that the Stars and Stripes of r this nation have lowered before South Caro- f lina' Teli that not wthouta blush. What, D is 1t so, that single State is to dictate, with v arms in her hands, to this Union, This was
 not the case in old Washington's time. when
 the whskey boys raised he red flag. Nor was t so in old EIiekory's time. On the first :. threat Of resistance, he threw the national