Democratic banner., 1845-03-15

debt which has grown out OF the CIR
cums,ances Of the last few years
nav be speedily paid of.
j congratulate ny fellow citizens
on the entire restoration Of the cred
it Of the general government OF The
Union, and that OF many OF thu
States. Happy would it be for .h'
intended States if they were freed
from their liabilities. many OF which
we're ik cautiously contracted. Al
though The government OF the Unior
is neither in a legal nor a moral sense
bound Tor the debts Of the States
and 1t would be Il violation OF oul
compact of Union to assume them
We, we cannot but feel Il deep inter
est in seeing all the State meet then
public liabilities. and pay of her JUS
debts. at the earliest practicable pc
Rod. That they will do SO, as soon
as il can be dnne without imposing
700 heavy burdens on their ~cilIzens.
there is no reason liz doubt. The
sound. moral, and honorable feeling
of the people Of the indebted States
cannot be questioned; and we are
happy Ia perceive IA settled dIsPo>i-
ton on their part. rs their ability re.
turns. after Il season OF uneXamp|ed
pecuniarv embarrassment, pay off all
lust demands. and to acquIesce in
any reasonable measure 10 accom-
pliSh that object.
One of the difficulties when we
have had to encounter in the practic
al admission of the government, con
sistS in The adjustment of our re,en-
ue laws. and the levy Of the taxes
Necessary for the support o! govern
menr. in the general proposition,
that no more money shall be collect
I'D than the necessities If IN econom-
zeal administration shall require. all
portles seem 10 :cquiesre. Nor does
there seem 10 lie any material differ
cree "i opinion as Ia the absence Of
right in he government 10 Tax one
section Of the country. or one class
Il cIu7eGs. or M occupation, for
tie mere rr' fiji of another. Jus.
ice and sound policy forbid Tie led
erai government 10 foster one branch
"i industry 10 the deIriment OF an
other. ar to cherish the interest of
one portion Ia the injury Of another
p'rtion Ot our common %counirV.' |
have her, tnfore declared TO my iel-
low-citlzenS that IN my judgement,
IL is the duty uf the government 10
extend. rs FAR rs itmay lie practical
be t" do So. by lis venue Jaw s. and
all other within Us pauver, lair
ard jas, ~Iro'2ction 10 all the great
ri the whole Union. embra-
cInr agriculture. manufactures. the
arts, commerce and nrviga-
have also declared nv opinion To-
he in favor uf d tariff fnr revenue"
and that "'n adjusting the details at
>urh a ~iarill. have sanctioned such
moderated discriminating duties as
would produce The mount Of reye-
.ur needed. and. al the same time.
'iiered. reasonable incidental prolcr-
ion to III home iudusrrv." and tha-
Was opposed 10 n tatilI Eor pr"teC-
ION merely. and not tor revenue"
The power "io lay and collect tax
=. duties. irnposis aid oxcises.' was
IN indispensable orc to he conferred
N the federal government, which
Silhout it. would possess NJ means
# providing, for is own support
n eyecu'in. this power. by levying
tariff of duties for the support of
he government. the raising OF reve-
Nc should he the object. and proiec-
'on the incident. To reverse this
rincip'c. End make protection the
and revenue the incident.
would he % inflict manifest injustice
pom all other than the protected in.
Nres's. In 'evying duties for reve-
ne. II is doubtless proper 10 make
tch discrimination within the rcve-
ne principle. as will afford Incident
protection III our home interests
the revenue limit, there i, a
secretion IN discriminate; beyond
lat limit. the rIghlfuI exercise ot the
over Is not conceded. Tie inci- )
protection attended to our
me interests by determinations T,
I,hin the range, it is Ee-
we'd WILL be ample. In making :
examinations, all our home inter =
Is should. As far as practicable, be =
protected. The largest pnr- :,
IN OF NJ people are aericulturists. !,
hers are employed in manuiac- !
res, commerce. navigatIunS, and .
e mechanic arts. l"