Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-12-22


other powers of Europe will ultimately see the Wis
dom, if they not compelled Big the pauparism
and suffering of their crowded population. 20 pursue
a similar policy.
Oar farmers arc more deeply interested in main
tanning the just and liberal policy of the existing
law than any other class of our ctiz ms. They
constitute a large majority of our population; and
II is well known that when they prosper, all other
pursuit prosper also. They have therefore not
~ received none OF the bountieS tayors OF Go.-
crnnlc hi. but. by the unequal operations Of the
protective policy. have been made. BY the burdens
Of TAXATION winch It imposed. 10 contribute 10 thc
bonnties which have enriched others.
When 4 reign we'll home market IS open
cd to them. they must receive they
ccvcin-, increased prices for Their prodac
They VIII find Il reader dc. and at better prices.
for or wheat, -four, rice. Indian corn. beef. pork.
lard butter cheese, and other articles which tcy
produce. The home market alone is inadequate
to enable them 10 dispose OF the immense surplus
OF food and other articles which hov capable OF
producing. at the most reduced prices. for
the manifest reason that they cannot be consumed
in the country. The United States can. from
their immense surplus supply not Only the home
demand but the deficiencies OF food require BY
the whole void.
That the reduced production of so.nc Of the
cfarticles of food Great Britln. and other
paris OF Europ2, may have contributed to increase
the demand for oar brca;!stutis and PROVISIONS,
IS not doubted; but that The great and efficient
OF tbs Increased demand, and OF increased
prices, COSTS in the removal Of art al rtsirIc
tons heretofore imposed, IS deemed 10 be equally
certain. Inlt our exports Of iooi. aiieadt H.
crcas d and increasing beyond former cNasnll,
der thc more liberal policy which has been adopt
cd,W!ll be SSH vastly enlarged, unless fhey be
checked or prevented by restoration of the pro-
tectlvc policy cannot be doubted. That our COM
IN rcal aud nari eating interests VIII be enlarged
in the corresponding ratio with the increasc Of
trade IS equally certain; while manufacturing
interests will still be tn tirourvd Interests of the
country. and receive the incidental protection al
tocded them by revcuuc duties; anI more tnan
tins they cannot Iusl d mand.
In my annual message OF ID uJcr last tariff oil
rovcnue duties, pas~dupon the princ. pies oftle
lsting Inv, was rcconn endcd and have seen 80
reason to change the opinions thea Expressed In
view oftile probable beneficial effects of that law
| recommend that the policy established by il BE-
maintained. 1t has just commenced TO operate
and to abandon modify it without giving it far
trial, would be ineXpadient and unw:sc. Should
defects in any ofits details be ascartaincd bs &cu
al experience TO exist, these may be hereafter coz
rectcd; but until such defects shall become mani
fest. the act should be fairly tcstc !.
1t is submitted for your consideration whether
1t may not be proper. war measure, to impose
revenue duties on some ofthe articles now cmbfa-
ccd in the free list. should it be deemed proper
to impose such duties with view TO also revenue
to meet the expenses of the war with Mexico. or to
avoid to that extent the creation of public debt.
they may be rep calcd when the emergency winch
gave rise 10 them shall cease to exist. aud const-
tute no pant of the permanent policy of the coun
try.
The act of he 18th Of August last. provide for
the better organization Of the and for the
collection sale keeping transfer and disbursement
OF the public rcyenue. has been carried into exc
cu:on as rapidly as the delay necessarily arising
out OF the appointment OF new officers. taking and
approving their bonds. and preparing and securing
places Tor the safe keeping OF the public money,
"ouid permit. 1t is not proposed TO depart in any
respect from the principle POI icy which this
great measure is founded.
There arc, however defects in the details ol the
measure, developed by its practical operation
which fully set forth in the report OF the Sec
rotary Of the Treasury to which the attention OF
Congress is invited. These defects would impair
10 some extent the successful operation OF the law
at all times. bat are especially embarrassing when
the country Is engaged in a when the cXpcn-
dliurcs are greatly increased, when loans 10 be
made at points many hlndread miles distant, in
some cases, from any depository, and large porti
on OF them in foreign country. The modfca-
tons suggested in the report of the Secretary OF
OF the Treasury arc recommended TO your favorable
considerations
In connection with this subject | invite your at
tent;on to the Importance OF establishing branch
mint of the L. 5. at New York. Two thirds of
! the revenue derived from customs being collected
! at that point the demand for specie TO pay the du
! ties Will be large and branch mint. where for
1 elgn coin and bullion could be Immediately con-
verified into American coin. would greatly facilitate
the transaction of the public business. enlarge the
circulation of gold and silver, and be. the same
| time. safe depository of the public money.
The importance OF graduating and reducing the
price of such of the public lands have been long
| otferep III the mar ket- at the minimum rate author
lied by existing laws. and remain unsoid induces
me again torccommend the subject to Your favora-
bic consideration. MANY millions of acres have
been offered in the market for more than thirty
years. and larger quantities for more than ten
twenty wears: ard being of inferior quality
they must remain unsaleabic for an indefinite pc
Rod. unless the price at which they NAV be pur-