Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-05-12

her q greater service than any other man. dead
or living.
But this is not only the doctrine Of the Trea.
sury report. but Of the message itself The
revenue sta ndard laid down in the message aims
death blow at oil American industry. II sug-
gests a kind Of "sliding SCALE" so that Whenever
any branch American industry begins to boa,
the foreign. and supply tho market, and thereby
diminish imports and revenue, this is evidence
that the duty is too high and ought to be reduced,
so as to let in the foreign rival productions; bu.
le, the Presiden, speak for hmsef-here IS bis
revenue standard in his own words:
1.-The precise point in the ascending scale Of duties at
which sscertaned from experience that the
greatest, the maximum rate of duty which be
laid for the bona de purpose Of collecting for the
support Of To the duties higher than
that point and thereby diminish the collected,
foievy them for protection merely and not for revenue
As long then, Congress gradually increase the
of duty given article and the is ncrea
sed by such of duty they within the
standard. When they go beyond that point and as
they increase the duties the revenue IS diminished de-
stroyed the act ceases to have for its object the raising
TO support Government, but IS for protection
merely"
Whit is this but rule to favor foreigners and
break down Americans! Tho momon, the A.
merican by his superior industry and skill begins
10 succeed, then the duty must come down as
to increase foreign imports and revenue. This
is tho plain and inevitable operation Of tho rule,
and who would go into manufacturing under
such an INIT American rule this, making it
death by tho law-certain and inevitable. As
illustration, take iron for instance. Owing TO
tho rapid increase Of iron works in tho United
States tho import of iron has boon greatly re-
duced; then tho Executive rulo opplies-down
with the duties, as 10 increase imports and
revenue. Accordingly, Mr.. Walker proposes &c
reduce the duty, which, he says, is now Is per
cent, 10 80 per cent, so as TO increase tho re-
venue. Well, to do this, he must moro than
double the imports, now amounting to moro than
xniuhf and he
IL millions Of dollars worth of iron instead of
eight-destroy eight million Of A mcrican manu-
fncture to mako way for tho foreign, and thus i'm
port twolvo millions of dollars worth Of foreign
(mos.y Engsh) grain and other produce used in
tho manufacture Of this iron; for the fact is in
Contcstbe, that moro than three fourths of the
vauo of iron is made up of tho produce Of the
soil. And this is tho policy to favor American
farmers and American laborcrs! Throw the
plough Of tho furrow. and turn labor out TO
siarvc-to mako way for British goods, and in
crease revenue!
Mr.. S. said he had not timo at present, bu, he
would avail himself Of the first proper occasion
to show, as he thought no could most clearly that
all tho theories Of tho Secretary and his follow
crs ir favor of their FREQ trade policy woro not
only false and unfoundcd, but that exactly tho
rovcrso Of those theories truo. He referred
to the theories that protection was for tho benefit
of manufacturers at tho expense Of tho farmers
creased tho price Of the manufactured goods, and
reduced tho prco of labor and produce that it
.'favorod monopoly and wealth at tho expense Of
tho poor;' that Producing duties would increase
rovonuc," &c. IIo could scarcely speak of such
gross absurdtes in respectful terms. WHAT
Favor invested capital by building up competition,
md increasing tho supply Of the articles they had
to sell Iniure tho farmers by doubling tho do
mand for their produce, raw materials and bread
stufis Of every kind? Cypress and rob tho con-
su,ror by giving him goods a. one fourth their
former price! Reduce wages by doubling the
demand for labor-labor Of mon, women, and
children? Yos, sir; increase the price Of goods
by doubling tho supply, and reduce tho price of
agricultural produce by doubling tho demand
Favor monopolios by building up competition. tho
only thing to destroy it, Such arc tho absurd
theories Of free trade. Blu, gentlemen must first
rcvcrsc all tho laws Of tra6c--thc great univcr
sal law that ''domand and supply regulate pri
ces;"--a law as universal and lnvarlabe in its
operation, as the law that governs tho solar sys
tenn, must no, only be repealed but reversed in
its operations, before gentlemen could sustain any
Of these absurdIties.
Tho clock admonished him that his tmo was
out--he would avail himself Of tho moment left
to warn gcnilcmen--if thoy would allow him to
prophecy, no would say-gcntlemen, pass this
Treasury bill, approved, no understood. by tho
cabinet bring back tho scenes of 1SfO-res.ore
your twenty per cent. taritf--bankrupt your trea
sury-paralyzc your national indusiry-break
down your farmers, manufacturers and mechan-
les, by importing goods and exporting money
pass this bill. and in eighteen months you will
scarcely have specio-paying bank, specie
dollar left in tho country. Pass this bill, and you
will no, only bring back the scenes. but repeat.
YOU will bring with them the political revolutions
of 1910. Again will be heard throughout the
land the cry of "clange change. any change be
for The better" Political revolutions tho fruits
9. and rjfx
the cry is 'LET WELL Enough ALONE"
CA voicc.) Then Wing you ought 10 go
for tho new tariff.
Yes, said Mr.. S. if | was like gentlemen
this fioor--f loved my PARTY than
my COUNTRY, would; but as love my country