Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1845-03-13

powers not specially granted or clearly
inferable as indispensably necessary to
execute those granted--and at the same
time retaining from the slightest en-.
croachment upon the reserved rights
of the States. He does not believe,
as do the whig party, that Irrational
banks, or other extraneous Institutions"
should be "planted around" the Con-
stitution, as necessary to preserve it
from innovation and perpetuate its exis-
tence-nor does he believe that such
institutions are necessary "as auxiliaries
of the public authorities" and declares
that they are ''impotent for good" and.
powerful for mischief only.
The President does not believe that
the general government possesses the
power, "either in a legal or moral
sense" to assume or liquidate the debts
of the States, however solicitous tbsse%
who stand at its head may be to see
the indebted states meet their honest
liabilities, and emerge from that cloud
of odium that attaches 10 some who
have actually repudiated, and others
who are unable to meet their liabilities.
The hope is expressed, that "the sound,
moral, and honorable feeling ofthe peo-
pie of the indebted states" will ult;-
mately, when they shall be released
from their present embarrassments,
prompt them "to pay off all just de-
mands."
We think the wings will hardly &C
cuse Mr.. POLK of inconsistency upon
the subject of a tariff; for he quotes
the sentiments promulgated in his let
tiers during the late presidential cam
pain, that, in his Judgment, it is the
duty ofthe government to extend, as far
as it may be practicable to do, by its
revenue laws, fair and just protection
to all the great interests of the whole
Union, embracing agriculture, manu-
features, the mechanic arts, commerce
and navigation''-that he is Sin favor
of tariff for revenue''-that in adius-
ting tariff, he would sanction "such
moderate discriminating duties as
would produce the amount of revenue
needed, and, at the same time, afford
reasonable protection to our home in
dustry"-and that he is "opposed to
tariff for protection merely, and not for
revenue" Such are the outlines of
Mr.. PoLK's views upon this great
question; and in carrying out the princi-
pies thus brought to view, it is reason
able to supposedly, it follows as an
inevitable consequence, that, at the
proper time, he will recommend such
an alteration in the existing tariff, as
will bring it within the purview of the
principles he has indicated. And in
view of this fact, we may expect soon
to hear the panic-cry from the imme-
diate friends, Il. e. the manufacturers,
of protection-we shall soon expect to
hear, that unless the people of the U.
S. are taxed to sustain the lords of the
loom, that they must discontinue their
establishments, and as a necessary con-
sequence, the whole country be visited
with irretrivable ruin. But let not the
Democracy" be terrified by their
threats, nor melted down by their pite- /.
ous wailings; but let every opposer of
grid himself for the occa-
sion, and encounter their articles at ev.
cry onset. DANIEL WEBsTER-the
9 God-like"-is the feed champion OF
he rich capitalists of his native State,
to plead their cause in 4.
he next Congress-; for we are informed
hat they have, in view of the great
sacrifices he had to make in entering
he United States Senate, made him a
of the nice little sum of $780,
300! This little sum, added TO his sa-
airy as Senator, will no doubt enable
he Great Danie.to put forth more pow
erful efforts, and made more stirring
appeals to the sympathies of the peo-
pie, in behalf of his furnishing clients.
But if the President is sustained by
Congress, as hsdoubtless will be, nei-
Their the eloquence and acumen of Mr..
WEBSTER as a debater, nor the CON-