The State guard. [volume] (Wetumpka, Ala.) 1847-18??, 1847-05-18

cited By these considerations, II Is deeply
10 be regretted thni measure proscrip
tive of the South has been proposed in
connection with the acquisition of terri
tory BY the war, and fraught with dan
ger TO The Internal peace and union OF
the States. This da ger, your commit
tee believe, can be avefted only by The
wise and united action of the slavehold
ing States and resolute and determined
resistance to oil aggressions on their
equal rights.
In the opinion of your committee, the
national debt contracted for the prose-
culion of the war. the amount OF which.
in money it is idle to expect to recover
from Mexico, can be discharged only
BY a steady perseverance in the Reye.
nue. policy of the tarig OF lS46-and
will afford no excuse for return to the
odious Protective system, which they
believe has contributed more 10 produce
discomfort in large sections ofthe Union,
and the present state of embiltered sec
tional feeling, than all other meas ufes
Of the Federal Government.
In conformity with these opinions,
your committe unanimously recommend
to the convention, the adoption of the
following resolutions:
]. Resolved, That considerations OF
cxpediency, probity, and honor, imper>
iously demand that some efficient sYs
ten of finance and taxation, looking to
the reduction and grodual extingush>
ment of the State debt and the punctual
payment of the accruing interest, should
be established By the General Assembly
OF the State at it, next session and, as
basis OF such system, this convention
recommends that the assets of the
Banks should be applied to the reduc-
ton of the principal, while the interest
sh ould be provided for by 'evying tax
sufficient for that purpose.
2. Resolved That this convention
has entire confidence in the salutary
operations oil the Independent Treasury
system, recently adopted for tbs coll lee
lion, safe excepting, and disbursement Of
the public revenue. Believing that while
it perfectly subserves those purposes,
il exerts an influence, in the highest de-
gree beneficial, upon the general fiscal
condition of the country, by restraining
in some degree the paper issues of the
Banks widening the basis of specia
upon which alone such issues can safe
ly subsst, and throwing n greatly in
creased amount Of coin into the general
circulation of the country.
8. Resolved, That Will, this conven
ton believes Bank of the Urlieed State
10 be unconstitutional, and il has beer
shown by experience TO he cnrruptins
in its tendency, and dangerous 10 on
political Institutions, il believes, also tina
the utter inexpediency, and u elessness
Of such an institution will be concln
sively demonstrated by the gr eater GER
tainty and efficiency with which all tn
beneficial functions, here.ofe re ascribe'
10 it, may be performed und er the actor
OF the Independent Treasury.
A.. Resolved, That the Democratic
party of Alabama are in fav o { OF a tar
if for the purpose only of ra is ing reven
he for the support of the Ce Il eral Gov
ernment-that they believe tile Consii
tuition recognizes no power to' exist il
the General Government T. !, lay taxe
for the purpose of protectinis !, or favor
ING. any particular portion 81 the in
dnstry or capital of lis ciiizs ma. That il
LAYING tariff for purposes of revenue
the lowest rate Of duty adet % ate to TIL
support Of the General Go vernmen'
economically administered, shoull b
the one imposed, and tina, at articles O
import should he subject to rate OF du
ty which will best secure thu, object o
revenue.
S. Resolved, That while We oppos
a tariff for protection direct we equall
oppose one hariuq for us Oh ,ct protec
ton incidental. That we t,elieve a
taxes IN tho shape of duties upon i'm
ports afford certain degree of benef
10 manufacturers or produc ers, OF lk
articles at home, while they are a bur
then upon the consumer, and We canno
consent to secure to the former on,
greater benefits by the Imposition of
greater burthen upon the la ter, in tn
shape of discriminating duties.
6. Resolved, That enteri aiming thes
views this convention highly approve
the great principles SO ably and success
fully advocated 10 the annual Report O
of Hon. Robert J. Walker, Secretary q
the Treasury, to the first session OF tn
10Th Congress, and that the tariff o
1916, though not strictly recording tt
all the principles upon which we be
lieye tariff should be formed yet in it
g.peraI action, has proven 10 be emi'
emily wise and conductive 90 tue best
and general, interest of the whole coun'
try. That under its Influence tie grea
shipping interest has enjoyed degree
OF prosperity unexampled in our his
tory. That the great agricultural inter
est has received an impetus under which
ii is rapidly recovering from the banefnl
effects OF past legislation for the pro.
lection OF ~aanufacturers-while the
manufacturing inter-e. itself. instead OF
suffering has already under 'he invieor'
alng and healthful influence OF compar'
alive Free Trade started upon career
of honorable and independent success.
7. Rescued, That. 10 the existing war
be,weendhe Uphed States and Mexico.
every Consideration Of patriotism and du-
~ ipdperiousiy requires of every portion
ffna RI MIN and pf all its citizans zaal