The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-06-29


nation, ought u not To be done
| We are invited, by the psitlzans at the doctrine
Of free trade, TO initiate the liberal rhsrie oi some
OF the great EUROPEAN powers. bngiaho, We ar
| told, is abandoning her restrictive policy, ant
| adopting the principles II Tree trade. Lpglah'
adopting the principle Of Tree trade why, "hef'
are her corn lawsi Those laws which exclude al
| article Of prime necrssiiy--thr very bread ~htcl
sustalrs human lite in order 20 efiurd prOt-cini
| To English agriculture And,on the sIfele tricl
| of American tobacco, Eugl.ud leviss annual y al
amount cf revenue equal Ia The whole amount "
dutie., levied annually by the CnH.t State uroI
all the ARTICLES Of import from oil the foreign ha
lions OF the world, including England That 4
her free trade and as tor Frsbtt, ~, have late
ly seen State paper from one of f"r high tune
tionarles, complaining IN butter trimsol ne Amer
can Tariff If 1872, and ending with formally 81
nSuncing to The world that France STEADILY adhered
to The system ot protecting French INDUSTRY
Blu, fellow citizens, have already oeiain, d y"'
too long GA this Interesting Icpc, aud Yet hsv
scarcely touched II. For near ihlriy years II ha
| agltated The nation. J he subject has bern argut'
| nd debated II III, usand tunes, IN every conctIvA
bic form IL Ii time that the lohcy OF the toufii,
| should become settrd and fixed. Any stailr adj
usment OF 1t, whatever u may be, VIII b. lar PIE
| ferable TO perpetual vac,llailon. When once de
| IeTmnrd, labor enterprise and COMMERCE csn hc
| commodate hrmst Ives accordingly. But IN hoall,
settling il, the interests OF the wno~ Union, as wei
| as all lis parts, should he duty weighed snc comet
drred, in psIsrnal aud irarruai spIit. The con-
tederacy OF rs States, brsdes ierrliorirs
embracing every variety of pursuit. every branch
| OF human industry. There may be an apparent.
here is real corfict between thu Sc di,t rsIed
interests. No zone State, no one section, can rea-
soDably expect or desire that the common govern
mrni Of the whole should be administered, ,Aciu-
,vely ACCORDING 10 IFS own pc.Iiar opinion or So
TO advance only It's particular rests, without
regard to the oplnlOn the Interests Of ell other
paris.
In respect to the Tariff, there are two schools
holding opposite and extreme doctrines. Accord
| ing TO one, perfect freedom IN our foreign trade
~, l..xst Hnft. n -.
cOrdlng to the other, the restrictive policy ought,
| on many articles, to be pushed, by high and tx
orbant Tariff, 10 the point OF absolute prohibition
Neither party can hold itself up unerTnP
standard OF right and wisdom. Fallibity is the LOT
of all men, and the wsest know how lit lie they do
know. J he doctrine of free trade Is concession
| to foreign powers, without an equivalent, TO the
prejudice OF native Industry. Not only without ali
equivalent, but in the face of their high duues re-
,trctons and prohibit ms applied to American pro-
Ducts to foreign powers our Iivais, jealous OF oul
| growth, and anxious to impede our onward pro-
| gress. Encouragement Of domestic industry Is q
concession 10 our fellow citizens. 10 those
| whose ancestors shared in common with our ances
tors, In the tolls OF the revocation; 10 those VINO
| have shared with IN the tolls and suiierngs o.
our day to those whose posteriiy are destined L
share with poserliy In the trials, IN the triumph
and the glorles that await them IL Is concession
/ Ia those who bone OF our bone and flesh oil o
/ frea, and who in some other beneficial form, dc
maze and are ready to make equivas mt concession
To Ii ia still more II Is II concession by the
| whole TO the whole Tor every part OF The county
possesses capacity TO manufacture, ana every
part of the country more or less does manufacture
| Some par s have advan~ ed further than others, bu
the progress If all is forward and onward :,
Again, ask what is TO be done IN this conflict OF
opinion between the two extremes which have
stated Each believes, with quite as muck conn
dence as the other, that the policy which he
espouses is the best for the country Neither has
right TO demand that his judgment shall exclu
| sivey prevail What, again, ask, Is to he done
, Is compromise or reconciliation impossible Is TIN
glorious Union TO be broken up and dissolved, an'
the hopes Of the world, which are conc ntrated u
fellow citizens, no! The Union must be preserved
In the name Of the people of this noble old state
the first to announce the inde pendence OF the I'm
: ted States by the memorable declaration OF Nect
y enburg and which has ever since been among IN
most devoted and faithful to the preservation OF tn
- Union in the name OF the people OF my own ga
!, iant state-and in the name OF the whole people
;, he United States feel Authorized TO say, that III
:, Union will not, must not, shall not be dsso!ve
= How then this unhappy conflict OF opinion |
:, amicaby adjusted and accommodated Extreme
fellow citizens, are ever wrong. nun and Jistic
sound policy and wlsdCm, always abide III The mt
die eround-always are TO be found IN the Jus
miiieu. Uliraism is ever banefuI, and, II followed
/ never fails to lead to fatal consequencesA
We must reject both the doctrines of1ree trad
|, and of IA high and exorbitant tariff The parzaI
of each make some sacrifices OF their peculii
opinions. They must find some common groun
On which both can stand, and reflect that, II neitht
some thing, and what it does not retain has bee
, gotten by lis friends and countrymen. There al
very few who dissent from the opinion that, In tim
| Of peace, the federal revenue ought to be draw
from foreign imports, without resorilng TO intern
| taxation Here is basis for accommodation, an
mutual satisfaction. Let the amount, which is r
lusiie tor an economical administration OF n
| government. when we are not engaged III war, |
,aised exclusively on fore gn imports, and IN Al
lustlng a tariff, tor thai purpose, let such discrin
nations be made will foster and encourage OF
own domestic industry. All parties ought to be s
tlsted with tariff tor revenue and Discrimination
Tor pro ection. In thus settling tins great and d
| urbing QUESTION, In spirit Il mutual concess,t
nd OF amlcabe compromise, we do but follow u
noble example Of ilustrlOus ancestors, In the IL
| nation aGd adoption of our present happy consult
| ION 1t was that benign spiit that pre- ded ov
I'll their deliberations, and 1t has been In the san
pirit that all the threatening crises, that have al
during the progress OF The administration Of u
| constitution, have been happily quoted and a
| commOdaied.
Mex, if not superior, in importance to the que
| ion of encouraging the national industry, Is that
he national currency. do not purpose to discu
The point, whether a paper represent NATIVE OF Il
other forms, convertible into those metals, on d
mand at the will of the holder, be or be not des
able and expedient. | believe it could be easi
shown, that IN the actual state OF the conmerci
world, and considering the amount and Distribute
| of the precious metals throughout the world, sue
4 convertible paper is indspensably necessary
| But that IS not an open question Ii II were desr
ole that such paper should exist, II s not IN Il
power of the General Government, under It's pre-
| rnt Constitution, 10 put II down, prevent It's or
, | alton and circulation. Such convertible pap
, has existed, does exist, and robably will alwal
exist, in spite of the General Government. III
, twenty-six States which compose the Union, clai
The ri hit and exercise the right, now not to be COZ
Irover,ed, to authorize and put forth such conve
! uble paper, according to their own sense OF The
! r. spective interests. If even large majority
Iha Stntau IN N
of paper representative Of specie, the paper wou
nevertheless be created and circulated unlesseve
: State in the Union abandoned It's use which nj
, body believes is ever like to happen u some
the States should continue to employ and circuial
such paper, il would flow into, and be current
Their States that might have refused to estabIis
Banks. And, in the end, The States which ma
Them not, would find themselves, In seiEdeiehct
| compelled to charter them. n a,
I recoilect, perhaps my friend mo-, or D. w
leigh If he be Old enough may also recoilec-tho u