The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1844-11-02


one Of she most eloquent, instructive comprehensive
ard conclusive speeches which tue present political
canvass has elected. When we state that he spoke
three hours and forty minutes without mtermission,
aud commanded during that long space OF time The
! unwearied attention Of the audience, our readers
may form some idea Of the splendid effort The
aleness of the hour which he closed his remarks
rendered il impossible for us TO give any thing like
| an adequate sketch Of them. After few introduc-
tory observations on the difference between the
course pursued by the wings in the contest OF ls4C,
and that which they have adopted in the present, he
advanced to the main topic of his address-the pre-
tended protective policy, With Henry Clay as It's
! father, defender, and consistent supporter.
He took for his text the anti-American system re-
solutions passed in Faneuil Hall, 1920, through the
| influence OF Daniel Webster, Abbot Lawrence, VIII
| liam Appleton and other distinguished Wing lead
| ers, who are still 10 the political field and who now
profess 10 be willing TO abide by the policy Of Mr.
| Madison on the tariff, carried out by the act oi
/ 1885, which tariff for revenue, with incidental
| protection Yet they were now, Notwithstanding
these professions, dissatisfied with the protection Of
iered ny the democratic party, which would secure
to them three times high a tariff as that Of 1889
and the democracy were held up as demagogues who
appeal to the passions Of the iaborng portion
Mr. Clay proposed his American system in 1920, il
was resolved in Faneuil Hall to be unconstitutional
to be plan for the benefit OF few capitalists, al
the expense OF the people. So il was characterized
by Daniel Webster, Abb OF Lawrence, and James L.
| Austin. They we're not demagogues nor they
denounced such at the time. They not charg
ed with stirring up the baser passions Of he people,
nor arraypg The poor against the rich.
They saw, then, the ruth clearly and proclaimed
it. Their argumen had never been answered, and
h.. q.
| seems that they differently now, and what had
produced the change in their mental vision for d
change 1t must have undergone, as The truth imbod-
red IN their resolution is Just plain 10 unbiased
minds now as II was then. The answer is, that they
are now the few capitalists. Their golden prospects
have shut out the truth from their They are
the persons who are to he benefited at the expense
of the people. This makes the mighty difference
AT Salem, too, In 1920, similar resolutions We're
adopted under the auspices of Stephen c. PHILIPPE,
but he and his coaJj utors had also become blind to
The truths which they could discern clearly ia their
younger days.
That the system was unconstitutional, was deemed
to have been demonstrated in the speech of the great
expounder Of the Constitution, Daniel Webster =
graid, glorious was his argument TO that effect. We
| can see now that he is going wrong, by the light
which be then kndled in Faneuii Hall. He proved
that it was policy which could not be adopted wi h.
| out deranging the business Of the country now fol-
lowed without injury, and could not be abandoned
without national ruin 1t was declared TO be equiva-
| lent to declaration to abolish foreign commerce.
| The destructive effects Of the protective policy of
| England was confidently and justly referred TO as
illustrative OF the inevitable consequences the sys-
TEN If once entered upon. All his they clearly
| then, and would clearly now, if the change IN
their position had not worked change III their
| opinions.
| Now they had lost sight Of all principle and con-
s!stency, IN their frantic efforts sustain system
by which they acquire inordinaie wealth. They seem
to forget every thing which has passed. and the parts
which public have taken in reference TO the gen.
eral subject They bllndy raise the outcry against
horizontal tariff yet endeavorng to elevate to the
presidency the very Who had proposed and carried
| through such tarih, and madly eXclaim against
James X. Polk, who in opposition TO Henry Clay,
supported In 1883 discriminating tariff, with Incl
dental protection the industry of the country IL
was in fact bill recommended by the cabinet of
Gen. Jackson In the original draft of MIR. Clay 5
BILL the duties were to be imposed without reference
TO the protection of any particular interest in the
country. And It has been Ciays boast, that while he
was in Congress he bod strictly ~dIorod TO the Com
prv'nse aot, and over and over again be had pledged
himself TO adhere 10 lis principles.
But now he has changed his mind. AT least on
the 9Th OF September last, he declared himself TO be
MS strongly IN favor of the bill of 1872 and decidedly
opposed 10 any alteration 10 it, Notwithstanding that
his great hobby FOR was that the revenue should
| not exceed the economical wants of the government
which IN ms opinion estimated 10 require but
sl3,0oV,0JO. Perhaps he put the estimate too low
and S20,0OO,OOO would be a reasonable amount This
principle he had yet discovered ST II he was op-
posed 10 any alteration In 4 law which will this wear
yield s37,GOO,000.
Mr.. kanloul in this connection created much
amusement by the happy manner in which he com.
Henied on The rapid changes of opinion which Mr.
Clay bad undergone within few months past He
also exposed the ll-conceaed falacIes contained in
the report on manufactures made 10 Congress by MIR
HUDSON oil Massachusetts, and the deceptive reason
! ing when characterized II, In the course of mas.
'ery review oil The occupations Of the different por-
lions OF The people of this country he showed that
only about one-lorIeth part engaged in producing
articles wnich are really protected 10y the aria and
! mat while the operatives received but IS per cent
Tor wages, the manufacturers received 81 per cent
alter paying Tor the raw material and the wear and
tear OF machinery, sc.
lie touched upon the revulsions in business pro-
duce1 10y the Iolnt operations of the manufacturers
and The United States Bank m 1924 and lS2s the ne
ceisary consequences OF an attempt TO control the
natural coCiss OF tfade. This disastrous policy had
been borrowed from England, and # persrvered in
would soon have reduced ,he people Of America Ia
The same dreadful condition the mass of the abo-
rers IN rngland. by mastery analysis of The mo
VISIONS OF The act Of lS42, he demons rated by csIcu
ia,ons which could be reluied that the revennc
is raised slmos: entirely or articles consumed by the
working people This was by fer the most elaborate
portion Of his Argument, and Is utterly npossb,s
Tor US TO note the details by which he sustained It in
this sketch.
After disposing of the tariff, he sdyered TO the
bank question, which he handled with equal force
and effect. Ills remarks upon the effects produced
| IN England by the Bank OF England drew forth ire
tnendous applause. lie also briefly defended The an
| nexauOn OF Texas upon sound grounds OF CONNER
cial policy. lie then referred t. the high personal
characters and mental qualifications Of James N
Polk and George Bancroft, and closed by proposing
three cheers for Polk and Bancroft, and three more
| tarf A
responded to.
ms soon as it can possibly be prepared, we shall