Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1846-05-14

virtua nroh,biIiOn OF exclusion, tOIal, perhaps of
the article taxed, which cannot and ought not To
be overlooked, namely, that the tax does not 60
into the pubic treasury but into the hands OF the
benefited class while the people, having OncO
paid il, are taxed over again 10 supply the amount
thus secretly diverted from its proper destination
The objection, wherever Il applies, seems un-
answerable. The proceeding IS an unjust one,
and needs only to be detected; 10 order TO be
condemned. Such an undue advantage by le-
pslaliOn ought not 70 be sought 6y us over Our
cOuntrymen, in whatever part OF the Union their
lot may be cast nor should we be likely To sue;
coed in obtaining II alter public attention had
been attracted, as it has been most fully, to the
subject And ;perIinaciOusly to persist IN hopNp
less and pTofitless attempt 10 gam this advaIF
taee if there be any thing else TO be gained or
lost, is not the dictate Of sound polcyi.
Intimately connected with fhis subject is the
great constitutional measure of the lndepen-
dent Treasury. The bill has already passed the
House of Representatives of the United StatesI
and is now before the Senate. The subject has
been so fully presented to the public mind; and
the public mind so clearly expressed in regard
10 it, that shall not discuss its merits. cam
not express in too strong language the warmth
of my appreciation of this great measure, as
necessary to restore to efficient operation part
of the constitution which had fallen into neg
| lect, and been trampled under foot, by which
| the public money is to be placed in the public
treasury, and kept there until it is appropriated
! by law to the constitutional purposes for which
| it was drawn from the peOple-as necessary to
exerminate that pernicious abuse, by which
| the whole contents of the treasury are handed
| over to banking institutions; to be loaned out
| for the profit Of stock holders and the accom-.
| mediation of borrowers-as necessary TO give
| efficiency to the most important power of Cons
gress and control an otherwise unchecked pa
per, currency, by coming money, upholdlng Its
1 ciH ation 6yinn and maintaining the
| true standard Of value-as necessary or at least
having most powerful tendency to check and
| redress those disastrous expansions by which
the commerce, md currency, and business OF
| the country are so often involved in indiscrim-
mate ruin. The subject is one of immense
Importance as affecting all contracts, all proper:
| ty, and all commerce with foreign nations. 1t
! is in this latter light only, that / propose 10
speak Of 1t as highly necessary to Those interests
which are, in some measure, dependent upon
a tariff of duties. If our revenue is princi-
pally levied upon foreign imports-if, when an
| expansion begins; Of ices advance and flood OF
| foreign goods is likely to deluge the country, as
all experience shows-if the suddenly accumu-
lating revenue is deposited in banks, to be loan
ed but by them TO an excited community, tits
quite obvious that the operations Of Govern-
ment will tend to swell the expansion to astill
greater hight. If, on the other hand, this &C
cumuaing revenue is paid into the treasury
principally or entirely in the precious metals.
as the demand for them will increase precisely as
| the EXPANSION increases it is obvious that here
| is check, the power of which is indefinite
| and cannot well be over estimated 10 OVER
| come and suppress the approaching and threats
| ened evil:
But ifthe expansion is permitted to run OH to
the extent offorty or fifty per cent. beyond the
true standard of value. the tariff of duties. AZ
protective of home interests, is substantially am
initiated: The foreigner makes his article at
the ,rue standard Of value. while we make the
art,cle at the swollen prices Of an EXPANDED chr
rency. and though we sell at these swollen pri:
| ces. vet thew are merely nominal to u.s. while the
| foreipner selling at The same swollen prices :,
| makes them real TO him by carving home the
snecie or its equivalent. All manufacturers
viii concur in This view; for they have been
| taught II in the school of bitter experience.
If Is therefore Of inestimabFe Importance to
manufacturers and 10 all th,se interests affected
bv revenue LEGISLATION. TO uphold this measure
| Of Government. nv which the incidental protec
ton OF the tariff Of duties is rendered eftectuaf-
by which the foreigner is compelled to paw the
real duties prescribed by law, as he does if he
pays ir specie-by which he 10 forced 70 stand
in our market, first, with the amount of the du-
ties against him, and then upon footing of
equality without an expansion in his favor more
| than counterbalanciug the disadyan tage Of the
duty.
Since the last session Of the Legislature. a
measure has been consummated, which will
| signaize the present period, and The Admins
tration under which it has been conducted to-
successful issue. The reception of Texas in
| to the Union is a most extraordinary event in
the history Of nations. 1t was not conquest.
II was not an act Of ambitious aggrandiseinent
1t was the peaceful, voluntary, deliberate and
enlightened act of the people Of Texas and all
her constitutional authorities in every form in
which the national wiIl could be demonstrated
on the one side. and the assent of the country
on the other. The people osTe&as had sepa-
rated from Mexico, had declared their indepen.
cur revolutionary war. Their ndensntspce had
heen acrno,vlsdseJ hv This cn,'n,rv and hv ,Sa
oee as~no"ass1 E ~ .n's .v .t anu ~ the
ieauihg powers oi EUROPE anu 'hey ana we,
as independent nations. had the right to do
| what has been done. 1t is not my object 10 dis
play the many advantages which we derive
| from the reception of this large and fertile
country into the Union.-the almost exclusive