The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1846-12-22

1T r. |.H
ration OF the protective policy, canro. ~,
doubled. That our commercial and nav.
eating Interests VIII Re calsr-cI in , e,..
responding ratio with the increase Of or,
trade. IS equally eeri1ini while Our man
ufaeiuring interests viii s,dl be the favor.
ed interests OF tho country, and receive
the incidedtal projections afforded them bv
revenue duiies; and more than this .hey
-caurot Jusily demand.
In my annual message OF DScember
last, a tariff o. revcnue duties based uDon
the principles Of the existing law was re.
commended; end have seen no reason 10
change the opinion then expressed. In
view Of the probable beneficial effects Of
tha:law. I recommend that the policy es-
tablis!ed by i be maintained. Il has bg,
just commenced to operate; ard to abon-
don or modify It without giving tia fair
.tfiaL would be inexpedient and unw;se.
Should defects in any CT lis details be as
caytained by actual experience to exist.
;i,ese may be hereafter corrected bu. m
al sueh defects become manifest, the act
should be fairly tested.
Il is submitted for your consideration
whether it may not be proper. as a war
measure, to impose revenue duties on
so.nc Of the articles now embraced IN die
free list. Should it be deemed proper 10
Impose such duties, with a view to raise
revenue 10 meet he expenses Of the war
with Mexico, or to avoid 10 that extent
the creation Of a public debt, they may be
repealed when lae emergency which gave
rise 10 them shall cease 10 exist. and con
stiUte 30 part Of he permanent policy OF
the county.
The act cf the 9Th Of August last, 30
provide for the better organjza,icn Of the
Treasury, and for the collection. safe
keeping, transfer, and disbursement e
the public r~evenue,' has been carried
into execution as rapidly as the dclay
necessarily arising ont of the oppoini-
lnent of new officers, taking and appro.
ying'ihc bonds, and preparing end seeu-
ring proper places for the safekeepmg Of
the public money, would permit. It IS
not proposed to departin any respect
from the principles or policy on which
this great measure is founded. There
are, however, defects in the details Of the
measure, developed by lis p%rachcaI oper-
alton, which are lally set fog!h in the
report of the Secretary Of The Treasury,
to which the attention Of Con-sess is
invited. These defects would impair 10
some extent the successful operation of
tie law at all times, but are especially
embarrassing when tie country is engaged
n a war, when the expenditures are
greatly increased, when loans are to be
effected, and the disbursements are to be
made At points many hundred miles dis
tant, in sogIe cases, from any depository,
and q large portion Of them in a foreign
country. The notifications suggested in
the report Of tic Secretary of the treasury
are recommended in your favorable con-
sideFation.
In connection with this subject, | invite
your attention TO he importance Of es-
tablishIng a branch Of Inc mint Of the u
nited States at New York. Two-thirds
Of the revenue derived from customs being
collected at that point, the demand for
specie 10 pay tie duties viii be large;
and a branch mint, where foreign coin
and bullion could be Immediately convert
ell INTO American coie, would greatly
facilitate the transaction Of the public bu-
siaess, enlarge the circulation Of gold and
silver, and be, Of the same time, a safe de-
Pository OF The public money.
The Importance Of graduating ard redu-
cling ihe price Of such Of Tie public lands
rs have been long offered in the market,
al lie minimum rate authorised BY exist
ing laws, and remain m-oId, induces NE
again to recommend tie subject TO your
favorable consideration. Many millions
Of acres Of these lands have been offered
in the market for more than thirty years,
and larger Quantities for more than ten Or
twenty years; & being ofaniuferior quail
iiy, they mnst remain unsaIeabie for all
indefinite period, unless the price at
which they may be purchased shall be
reduced. TO place a price upon them a
bore their real value is not only TO pre-
vent their sale, and iiereby deprive tie
Treasury Of any income from lhat source
but is unjust to the States in which they
lie, because it retards their growth and
increase Of population, and because they
have no power 70 levy a tax upon them
as upon other lands within ilieir limits,
held by other Psopriotors than lie United
States, for the support Of their local gov
erumeHts.
The beneficial effects Of he graduation
principle have been realized by some Of
the States owning lands within theig limits
in which Il has been adopted. They have
been demonstrated also BY the United
States acting IS the trustee Of inc Chicka-
saw tribe Of Indians in the sale Of their
lands lying within the States Of MisSissip-
~ ~ 49, IT. CLi.L--a- LII.