Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1844-05-02

AAtt oo4taIh ItrDs " nc A1FlU.
We ask our Locofoco contsnporaries and
Locofoco spseeh-makers, who assert that Mr.
Clay i high Tariff man IN The North, aud !
Ffss Trad nan at the South. 10 read his speech
delivered n the commercial emporium OF
South carolins, in the very midst Of The South
ern Free Traders, where, with holiness char
scteristic Of the man, he entered into flank
and fearless exposition Of his views on the great
question. Of the Tariff and the currency. he
said he came there 10 laller no man or set Of
men-@thst what he would dare say on the
banks Of the EIkhorn be would dare say in the
Palmetto State that be had ever been in favor
or the protective policy to a certain extent !;
that 10 preserve the peace and the great interests
Of the country be had been active in effecting
the compromise Of 1888, and that he felt il an
obligation Of honor to adhere 10 itin good faith ?
He said moreover that s'it was important to un-
derstand the true character Of that compromise.
/ Il provided for a gradual reduction Of duties
down to 20.per cent. al given time, and after
tha, for the raising Of such a revenue, by du-
ties on imports exclusively, as was necessary
for an economical administration Of he govern
ment. But the principle Of the home valuation
was an essential and Indispensable feature Of
that compromisc-without that feature il could
moi have passed, nine Senatorial ,otes having
dependo6 on 11hat concession-and although i
Distinguished Senator from South Carolina, ;al
FIRST strongly opposed il, be afierwardslpublicly
and poinledIy in the Senate surrendered the
point, and the passage ofthe measure was So.
cured Mr.. c. denied that the principle Of the
Compromise required the maximum rate Of du.
Ity to be fixed at 30 per cent its true principle
was that no more revenue should be raised thar
was necessary for an honest and economical ad.
ministraliol Of the government, and within thai
limit there might be discrim nation in favor o.
domestic industry. He was far from conccdinr
that The Tariff Of 1912 was in violation Of THU
lprnciple of the compromise-buti il il were, i
equally violated the principle Of the home va
luaiion, and neither interest affected by it haG
more right TO complain than the other.n
Mr.Clay concluded this branch Of his subject b,
declaring himself "IN FAVOR OF A SYs
TEN OF PROTECTION moderate, reasonable
certain and dufable-yieldihg no more revenu
than is necessary for an honest and economical
administration Of the government, and, With
that limit, discriminating in the imposition Q
duties, between those articles which do and lhos
which do not enter into competition with dc
nestle industry throwing the heavier duty o
the former and the lighter duty on the latter
He said that on this basis the question must b
lse,tled-thai ne mustlive together, we cannot
otherwise-and there must be some ground O
which We should meet. That the advocates
free trade andthe advocates Of prohibitory {
high duties, occupied / the two extremes ian
safety and peace could only be found by takin
the middle path"
. Now we leave il to every candid man-Loc,
foco as we'll as Wing whether these views
Mr.. C., as expressed in the very midst Of Ere
u Trade interests, are moi consistent with his prev
ously expressed sentiments upon this subiect!-
J We ask him, moreover, il they are not .soun,
land just, The interests OF The manufacture
viii be sufficiently protected BY laying a di
eliminating Tariff suficien, to meet the expe ns
OF an economical administration Of the govern
nient, and certainly the interests of The Nalio
do not require that The Tariff should be so hip
as to yield surplus over and above the wan
,, tof eo,ernaent-ci4g Bugis
The charlestown Clay Club delegation set o.
on Tuesday for Baltimore, under the diireciic
j Of Maj T. Brisces as Chief Marshal. Tn,
: had an elegant. Banner, prepared by lady
! the place, and painted BY Mr.. White. On oil
side was portrait Of Mr.. Clay, with The mott
"Virginia will not disown her Son.n On the
iher the emblem Of Agriculture, Commerce az
Manufacture.