The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1850-12-07
SATURDAY MORNING DECEMBER 7 1850

sacred trust, and he VIII exercise II with
a view, solely, to the advancement and
happiness of the people.
Our country is stated TO be- in AMIGA
bic intercourse with all other nations.
a Convention with great Britain to
protect and facilitate the construction OF
a ship canal through Nicaragua between
tIc two oceans, has been ratified by both
parties, and some progress iii the matter
has been made by acompany OF our citi-
zrnS.
Some of orr citizens entertain the pro.
lrct of constructing rail road across the
Isthn,ls OF Trhlmntcprc and negotiations
between our government and Mexico
are pending in relation TO the enter
prise.
Efforts will be made TO arrest the hos
tiitirs between the different parts OF the
island Of st. Domingo.
In relation to the finances ofthc coun-
try the message states:
The total receipt intothc Treasury,
for the year ending 3otl Of jun" last,
were fortv.srvcn million four hundred
twenty one tlousand&'yrn hundred and
lortv-righl dollars and ninety cents,
CStII2i,US,No)
The total expenditures during the
same period were iortv-thrrr million
two thousand one hundred and sixty
eight dollars and ninety cents, (%l3,
O02, 1880.
The public debt has been reduced
since the last annual report from tn"
Treasury Department, four hundred
and ninctv-iiNc thousand two hundred
and sryrn'v-six dollars and seventy
nine cents, (Sl95, 2W,WD
Bv thc 18th section Of thoact of 2S!h
Of January 1Si7, the proceeds of tn"
sales of the public lands w"r" pledged
for the interest and principal Of the
public debt. The great amount Of
thoS" lands subsequently granted ly
Congress for military LountlrS, viii, II
is believed, very nearly supply III" pub
lie demand for several years TO come,
and but little rclianc" can, therefore, be
placed in that hitherto fruitful source OF
revenue.
Aside from thr annual expenditures,
which have necessarily largely incrraS-
ed, a portion Of the public debt amount
ing 10 eight million scvrnty-Gv" thou
sand nine hundred and cighty-SiN dol
lars and liIty-nlnc cents (siS,o13,9S6,
59) mustbr provided for within tho
nest two fiscal years. 1t is most dcai-
should be met without rcsortng to new
loans.
All rxpcricnce has demonstrated the
wisdom and policy of raising large
portion of revenue, for the support q
Government, from duties on goods i'm
ported. The power to lay these duties
is unqurStlonablr, and its chief object,
of course, is TO repIcniSh tn" treasury.
But If in doing this, an incidental adj
vantage may be gained by encouraging
the industry of our own citizens, it is
our duty TO avail ourselves OF that adj
vantage.
A duty laid upon all articles wmch
cannot be produced in this country
such as tea or coffee adds to the cost
of the article, and is chiefly or wholly
paid bv the consumer. But duty laid
upon an article which may be produ-
ccd here, stimulates the skill and indus
try of our own country TO produce the
same article which is brought into the
market in competition with the foreign
article, and the importer is compelled
to reduce his price to that, at which the
domestic article can be sold, thereby
throwing part of the duty upon the
producer Of the foreign article.
The continuance of this process Gre
atrs the skill and invites the capital,
which finally enables MS to produce the
article much cheaper than ii could have
been procured from abroad, thereby
bcncitting both the producer and cons'l-
mrr at home. The consequence of this
is, that the artizan, and the agricuItu-
ralisi, are brought together, each affords
a ready market for the produce of the
other, the whole country becomes pros
porous; and the ability TO produce every
necessary ofIiir renders us independent
in war as we'll as in peace.
A high tariff can never be permanent.
II will cause dissatisfaction and will be-
changed. II excludes competition, and
thereby invites the investment otcapl-
tai in manufactures to such excess, that
when changed it brings distress, bank
ruptcy, and ruin upon all who have
been miSlcd by its iaIthlrsS protection.
What the manufacturer wants, is uni
formity and permanently, that he may
feel confidence that he is not to be
ruined by sudden changes. But TO
make tariff uniform and permanent,
ii Is not onl y necessary hat the law
l. 4