The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1846-05-05


The revenue standard laid down in lie mess
age aims death blow a, ali American indus
try. 1t suggest, kind Of sliding scale SO
hat whenever any branch of American indus
try begirs to beat The foreigner, and supply
the market, aud thereby diminish imports
and revenue, this is evidence that the duty
is ioo high and ough, to be reduced, so as 10
let in The foreign ard rival productions; but
let The President speak for himsell-here is
his revenue standard in his own words:
'The precise point in tn. ascending scale
Of duties at which il is ascertained from expe
renee thats the revenue is greatest, is the
maximum rate Of duty " hich can be laid for
The bona 6de purpose OF collecting money
for The support Of Government. To raise
the duties higher Than that point, and there
by diminish the amount collected, is TO levy
item Jor protection merely, and not for rev.
snue. AS long, then, as Congress may grad
uaIiy increase the rate of duty 90 given ar
iicle, and the revenue is increased by such
increase Of duty, they are within The revenue
standard. When they go beyond that point
aud as they increase The duties The revenue
IS diminished or destroyed, the-art ceases To
have fol It's object the raising Of money to
support Government, bptis for protection
| merely
What is this but a rule 10 favor foreigners
and break down Americans The moment
the American by his superior skill and in
dustry begins to succeed. then the duty
must come down so as 10 increase foreign
imports and revenue This is the plan aud
inevitable operation Of the rule, and who
wonld 60 INTO manufacturing under such 40
anti \ American rule as this, making il death
by the lam-cerGaiu ard inevitable. As an
illustration. take iron for instance Owing
to the rapid increase Ct iron works in the
Urhsd States, Tie import Of iron has been
greatly reduced; then the Executive rule ap-
pliss-down With The duties, SO as 10 in
crease imports and revenue. Accordingly.
Nj. Walker proposes 10 reduce the duly
WHICH. he SAYS. il now IS per cent, so as TO
increase the revenue, Well, 10 do this, he
nusr more than double The imports. RON
amounting 10 more than eight millions Il
year, aud thus he must import l6 millions
Of dollars worth of iron instead Of eisht-des-
troy eight millions of American Manufacture
10 make way for tie reior, and then imror
twelve millions Of dollars worth of foreign
(u,osily EngIish) grain aud other produce
used III the manufacture of this iron; for the
fact Is inconiesthie; that more than three
fonrlhs OF The value Of iron il made up Of the
produce Of the soil. And this ia the policy
TO favor American turner's and American Ia
6orers! Throw tie plough out of the fur.
row, and turn labor OUT 10 starve-to make
way Tor British goods, and increase reyeuueI
Mr.. 5. said he had not time at present, but
would avail mysef Of The first proper occas-
lou to show, as he thought he could most
clearly, that ali the theories efthe Secretary
and his followers in favor of their free trade
policy were not only false and unlounded
but that exactly the reverse Of those th eorics
was true. He referred to the theories that
protection was for the benefit of manufac-
iurcrs at the expense ofthe farmers and la
bOrers of the county, that protection in
creased the price Of manufactured goods, and
reduced the price Of labor and produce; ; that
1t favored monopoly and wealth at the ex-
pense Of the poOr; that reducing duties
would increase reyenue,' &c. He could
respectful terms. What! Favor invested
capital by building up competition, and in
creasins the supply of the articles they had to
sell lnjurc the farmers by doubling the de-
mand for their produce, law materials and
breads;uhs of every kind? Cypress and
rob The consumer by giving linn goods at one
fourth their former price Reduce wages by
doubling the demand Tor labor-labor Of men
women and children! Yes. sir; increase
he price of goods by doubling the supply, land
reduce the price Of agricultural produce by
doubling the demand! Favor msnopoliessby
building up competition, The oaly thing TO
destroy it, Such are the absurd theories Of
free trade. But gentlemen must FIRST reverse
all the laws Of trade-the great and universal
law that demand and sapp'y regulate rri-
ces;'-a law as universal and invariable in lis
operation. as the law that governs The solar
system, must not only be repealed, but re-
versed in its operations, helure gentlemen
could sustain any Of these absuidiiies.
The clock admonished him that his time
was out-he would avail himself of the mo-
men, 10 warn gentlcmen-if they would al
law hI:n TO prophesy he would say-g gentlemen.
pass this Treasury bill approved, as he I'M
derstood, by The cabinet; bring back the
scenes OF lS40-rcstore your 20 per cent.
tarlh-bankrupt your treasnry-paralyZe
yOnr national indusiry-break down your
farmers, manufacturers. and mechanics, hy
lmPorting goods and exporting moaey-pass
this bill, and in eighteen months you will
scarcely have specie-payiug bank, or a spe-
Gle dollar left in the country. Pass this bill,
a: d you will not only bring back the scenes.
hut repeat, you will bring with them the
political revolutions of lS40. Again will be
heard throughout the land the cry of change!
change! any change mast be for Ike better
Political revolutions are the fruits OF popular
suffering and discoutent; in prosperity, the
cry is let 'csH enough alone
"A voice. Then as Wing you ought 10
go Tor the new tariff
Yes, said Mr.. S., i'll was like some gen.
temen on this floor--if loved NY party
more than my country, ! would; but as /
love my county more than my party, will
not. Ii 1t were not for the lash and drill of
party discipline, this British biz would
iud few advocates on this floor. Ii was the
hantiing ofparty-the iilegirirnate offspring
OF the Baltimore Convention-that Paudo-
ra's box whence originated most of the lroub-
les that TOW aiilitt this country. But he
again warned geni!emen-pass this bill. and
IN the strong language offs democratic Sena-
Tor on late occasion, ii will sink the pariy
so low that the arm of resurrection could new
or reach E"-so low that-thcre the hour
having expired, the chairman's hammer fell.