American Republican and Baltimore daily clipper., 1846-08-20

tend 10 promote the security and welfare of the
people.
SENATOR HAYwooD's ADDkEss. The resig-
nation Of Mr.. Haywood Senator from North
Carolina, Just previous to the vote being taken
on the passage of the tariff bill, excited great
Indignation with a portion of his political
friends, some of whom even went so far in this
yndctiye feeling, as to charge him with hay-
ing been brbed to the course he took by the
manufacturers. 1t is true, this infamous accu-
saton was received with scorn and contempt
by the community; but still the act of resigna-
tion at what was supposed to be most critical
period in the fate of the bill, was condemned in
harsh terms, by many who did not suspect Mr..
Haywood's integrity. This rendered it neces-
sary that he should come before the people in
justification of his conduct. His address to the
people of North Carolina, appeared in yester-
days National lntelligencer and Union; and
we venture the assertion, that no unprejudced
person c.n rise from the perusal of it without
being satisfied, that he was fully justified in re
signing his seat in the Senate at the time he
did. We regret our inability to publish this
address in extenso; but extract from it four of
the reasons assigned for his opposition TO the
tariff bill as passed-and we believe that these
reasons will be universally conceded to be
sound and sufficient. They are as follows:
First. Our country is involved in an expen-
and The WlSpSt
foresee its close. We have large army inVad-
ing Mexico, and large navy off her coasts a.
long the Pacific Ocean and IN the Gulf Of Mex
leo. The sum already appropriated by Congress
for the Government expenditures OF the fiscal
year exceeds FIFTY MILLIONS of dollars. Will
the experimental tariff raise revenue sufficient
to "pay as we go3" Certainly not. Congress
knew that, and therefore authorized loan OF
ten millions, at the very time we were passing
this tariff; and the first act of the next session
will probably be one for ten millions more!-
Will it produce revenue enough to pay one hall
of the appropriations ! am quite sure it
will not. Its advocates did not assert that it
will do much more. Wherefore, ifthis'cxperi-
ment works as we'll as its warmest friends have
predicted, the Government will fall in debt
twenty-five millions this (hscaD year. So long
as the war lasts and for such period of time
after it as the war expenses continue, it will be
the same thing. But if the experiment works
as lily as IFS more violent opponents have said
it, why then it will hardly 90 at all. | think
the truth lies between them. 1t will work, but
it will work badly, and work you deeply in
debit and if it is adhered to "Without altera-
tion," the public debt will be increased not
much short Of THIRTY MILLIONS the first year
and can see no way to prevent its yearly III
h.
Direct taxes ought to be our very last resort
public debt is an evil that abhur more than
ever since | was a member OF Congress; and
therefore it was the conclusion of my mind that
this tariff experiment ought not TO be tried, and
certainly not at this particular time. The acts
of Congress which went to diminish the rrye-
nue., but to increase the expenditures, did not
seem TO me to be consistent with prudence in
any Government, more especially in time OF
war. The tariff system, according to my judy
ment was most unfit subject for party expe.
riments; and at the time of a yearly expendi
ture of fifty millions of dollars, and Of foreign
war, such experiments amounted to party rash
ness. Ii the war should end soon, still the Go
vernmen' here, we knew, expected to tera
nate it by treaty for peace and new terrific.
nv, viz California, No honest country woulc
take the territory without paying the owner fol
IT, and, if we would, Mexico cannot weld /,
uron any other terms. Hence, whether we
were to have peace or war with Mexico, we
needed much more money to carry on the Go.
verpment. When the plalnest rules of arth.
metic and common sense thus compelled mo "a
withhold my support from tauff experiment
to be made now, at the expense of the nations
credit, how could hestat'
Second. The tariff of 1912 ought to have
been modified, but not by an act which reduced
the duties as early as the LIST December.
In all great alterations of the tariff diminish
ing duties, the reductions ought to be made up.
on reasonable notice to the people whose pro-
,perty and business will be affected by them. In
that case there may be inconvenience to some
but it does not bring ruin down upon so many
innocent people. Not giving time, infant fac