The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1845-03-21

With these views Ofthe nature, character,
and objects of the governmet, and The value
OF the Union, ! shall steadily oppose the Gro.
alton of those institutions and systems which,
in their nature, tend to pFeYentit from ils
Legitimate purposes, and make it the instru
ment OF sections, classes, aud Individuals
We need no national banks, or other extra
neous institutions, planted around the gov.
eminent TO control or strengthen it noppo-
silion to the will offs authors. Experience
has taught US how unnecessary theyare as
auxiliaries OF the public authO.ities, how inn
potent for good, and how powerful for mis-
chief
Ours was intended TO be plain and fru,
gal government; and shall regard it to be
my duty 10 recommend to Congress, and as
far as the executive is concerned, to enforce
BY all the means within my power, the strict
est economy in the expenditure Of the pub-
lie money which may be compatible with the
public interests.
A national debt has become almost an in.
sdtution Of European monarchies. Il is
viewed in some Of them as an essential prop
to existing governments. Melancholy is the
condition Of that people whose government
can be sustained only by a system which pc
TiOdIcally transfers large amounts from the
labor OF the manS 10 he Golfers Of the few.
Such system ls Incompatible with the ends
for which our republican government vas
instituted. Under a wise policy the debts
contracted in our revolution and during the
war Of 1912, have been happily extingnished.
By ludiciOus application of tee revenues,
not required for other necessary purposes, it
is not doubted inat the debt which has
grown out Of the circumstance Of the last
few years may be speedily paid of.
congratulate my fellow-citizens on the
entire restoration of the credit of the general
government of the Union, and that of many
Of the States. Happy world il be for the
indebted Staten, if they were freed from
their liabilities, monp Of which were incau-
tiOusly contracted. Although the govern
meRl Of the Union is neither in a legal nor
moral sense bound for the debts Of the
States, and il would be violation Of our
compact of Union to assume them. yet we
cannot but feel deep interest in seeing all
the States meet their public liabilities, and
day OF their Just debts, at the earliest prac-
ucable periods. That they will do so, as
soon as it can be done without imposing too
heavy burdens on their citizens, there is no
to doubt The sound moral, and honorable
feeling of the people Of the indebted States,
cannot be questioned; and we are happy to
perceive q settled disposition on their part,
as their ability returns, after cession Of I'M
exampled pecuniaTy embarrassment, to pay
of all just demands. and to acquiesce in any
Reasonable measured 10 accomrllah that oh
sect.
One Of The difficulties which we havo had
to encounter in the pecunisTy adminislra-
ton Of the government, consists in the ad
lustment of our revenue laws, and the levy
of the taxes necessary for the support Of gov
eminent. In the general proposition, that
no more money shall be collected than the
necessities Ol an economical administration
shall require, all parties seem 20 acquiesce-
Nor does there seem to DO any material diff
ference Of opinion as to he absence of right
in the gOVeFnmeht to tax one section Of
country, or one class OF citizens, or one &C.
cupatiOn, for the mere profit of another
Justice and sound policy forbid lie federal
government TO foster one branch of industry
to the delrIment of another, or TO cherish the
interest of one portion of our common cOun-
try" have heretofore declared 10 my fell
lOw-cnIz ens that, in my judgment, il is the
duty OF the government to extend, as far as
II may be practicable to do so, by lis power,
fair and Just protection TO all the great inter
ests of the whole union, embracing agricul-
i tuTe, manufactures, the mechanic arts, com
merce and navigation"
have also declared my opinions to be
=" in favor Of tariff for revenue" and that
in adjusting the details Of such q tariff, /
have sanctioned such moderate discrimina>
ting duties as would produce the amount
Of revenue needed, and, at the same time,
afford reasonable Incidental protection to
our home industry" and that was OPP
posed to a taliff for protection merely, and
not for revenue"
The power ''to lay and collect taxes, du.
ties, imports and excises," was an indispen-
sable one to be conferred on the federal
government which without it, would possess
no means Of providing for its own support
Ia executing this power, BY levying tariff
Of duties for the support Of government, the
raising Of reCeaue should be the object, and
protection the incident. To reverse this
principle, and make projection the object,
and reUeBUe the incident, would be to inflici
manifest injustice upon al other than the
protected interests. In levying duties for
revenue, it is doubtless proper to make such
Determinations within the reuenae principle.
as will afford incidental protection 10 our
/ home interests. Within the revenue limit.
there is a discretion 10 discriminate, beyond
that limit, the Tightful exercise Of the pow.
er il not conceded. The incidental pFosec.
ton afforded to our home interests 81 dis
examinations within the revenue range, ii
is believed will be ample. Ii making dis.
examinations, all our home interests should.
as far Is practicable, be equally protected.
4 The largest norton of our neonle ara aar;.