Weekly miners' express. (DuBuque, Iowa) 184?-1849, 1848-12-26

dy payment essential to the public pros.
perity, but looked upon its continuance as
no national evil. Whilst the deb, existed,
it furnished limb to the National Bank,
and rendered increased taxation necessa-
ry, 10 the amount of interest, exceeding
seven millions Of dollars annually.
This next branch Of the new system
was high protective tariff: This was
to afford bounties to favored classes and
particular pursuits, at the expense Of all
others. A proposition 70 tax the whole
people for the purpose Of enriching few,
was too monstrous to be openly made
The scheme was, therefore, yelled under
the plausible but delusive pre,ext, Of a
measure to protect home industry and
many Of our people were, for a time,
led to believe that tax which, in the
main, fell upon labor, was for the benefit
ofthe laborer who paid it. This branch
Of the system involves partnership be.
tween the Government and the favored
classes. The former receiving the pro-
ceeds Of the tax imposed on articles i'm
ported, and the latter the increased price
of similar articles produced at home,
caused by such tax. 1t is obvious, that
the portion to be received by the favored,
would, as general rule, be increased in
proportion to the increase Of the rates Of
tax imposed, and diminished those rates,
as they were reduced to the revenue
standard required by the wants Of the 60
vernment. The rates required to produce
sufficient revenue for the ordinary ex-
penses Of the government for necessary
purposes, and were not likely TO give the
private partners in this scheme the pro-
fits to satisfy their cupidity; and hence,
a variety of experiments, in pretext, we're
resorted to for the purpose Of charging
the expenditure, and thereby creating a
necessity for keeping high protective
tariff. The Office Of this policy was to
interpose artificial restrictions upon the
natural course Of the business and trade
Of the country, and TO advance the inter-
est of the large capitalists and metropo-
lists, at the expense Of the great mass Of
the people, who were taxed TO increase
their wealth. This operated in harmony
with the new system, which was high
protective tariff:
Another branch Of this system, was
comprehensive scheme Of internal i'm.
provements, capable of indefinite enlarge
ment, and sufficient to swallow up as ma
ny millions, annually, as could be exact
ed from the foreign commerce of tht
country. This was convenient and ne
cessary adjunct Of the Protective Tariff
1t was to be the great absorber Of an,
surplus which might, at any time, accu
mulate in the Treasury, and Of the take.
levied on the people, not for necessar ny
revenue, but for the avowed object Of af
fording protection to the favored classes
- Auxiliary to the same end, il it was no
an essen,ial fe.-- e the system itself, was
a scheme, which, at later period, oDrai.r.
ed, for distributing the proceeds of the
sale Of the Public Lands among the
States.
Other expedents were devised to take
the money out of the treasury, and to pre-
vent its coming from any other source
than protective tariff: The authors and
supporters Of the system were the advo-
Gates Of the largest OBSERVATION-DISCLOSURES
err for necessary or useful purposes, was
not material, because the larger the ex-
penditure the greater was the pretext for
high taxes, in the form Of protective d.
ties.
| sThoso ,ovor,l ,,..e,,ro, ,,o.o ,,,.,,;,
ed by popular names AMI plausible argu.
ments by which thousands were deludcd
The Bank was represented TO be an indie
pendent fiscal agent, for the Government
was to equalize exchanges, and to regu-
late and furnish a sound currency, always
and everywhere of uniform value. The
protective tariff was to give employment.
to 'Amcr ican labor at advanced prices
was to protect 'home Industry and fur
nish steady market for the farmer. In.
ternal improvements were to bring roads
to every neighborhood, and enhance the
value Of every mans property. The dis.
tribution Of tho public money was to en-.
rich the States-fnish their public works
plant schools throughout their borders
and relieve them from taxation; but the
fact that, for every dollar taken out o
the Treasury, for these objects, much
larger sum was transferred from the poe
kets Of the people to the favored classes
was continually concealed, as was also
the tendency, il not the ultimate design,
Of the system, to build up 40 aristocracy
Of wealth, to control the masses OF society
and monopolize the political power of the
country. The several branches of this
system were SO intimately blended to-
gether that, in their operations, each sus-
tanned and strengthened the other.
Their joint operation was to add new
burdens OF taxation, and to encourage i
largely increasing and wasteful expendi
ture of public money. twas the interes,
Of the Bank that the revenue collected,
and disbursements made by the Govern
! ,,nent should he In r0e hooaueo he;nr the