The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-12-20
The Prs.,aen, ON sAe T.rlas.


Amongst other passages 10 the recent An
nual message bf the President, in relation to
the revision Of the Tariff, We 6nd the follow
ing:
SIT is our true policy to increase our reve-
nue. go rs to equal our expenditures. IL
would be ruinous to continue TO borrow.
Besides il may be proper to observe, that the
incidental protection thus afforded by rev
enue tariff, would, At the present moment, to
some extent, increase the confidence Of the
manufacturing interests, and give fresh i'm.
pulse to our rcviving business
II cannot fail to be gratifying to the great
mass Of those who were members Of the old
Wing party, when Henry Clay was its lead
Or, and when the doctrine OF protection to
home industry was i.s cardinal principle, to
ind Democratic President forced to recog-
nize the wisdom Of the policy and to com-
mend II to the country. II 10 curious to OBJ
serve, loo, that Mr.. Buchanan adopts the
identical sentiments, and almost the same
phrassology, used by Henry Clay in his ia
mous resolutions Of 1912, upon which the
blessed Tariff act Of that year vas framed
The country, in 1912, was represented by Mr..
Clay as Frustrated and bleeding ut every
pore--the Government was borrowing to
meet current expenses, and the manufactu-
ring and monetary interests Of the people had
been overthrow, and the land was covered
with the wrecks Of widespread ruin. In
every particular, there i great similarity IN
the present condition Of the country, and it
is prudent in the President now to revert to
the policy Of the greatest and wisest Of the
practical Statesmen Of the last generation
And in the history Vt the rapid restoration
Of prosperity resulting from the adoption OF
the Tariff Of ls42 We have the augury and
the guaranty Of the same result from the
adoption Of like measure under the present
very similar circumstances.
We will now quote from the resolutions
and remarks of Henry Clay in the Senate Of
the United States, on the LIST Of March A. d.
1912, and direct the attention Of our readers
to the accuracy with which the President has
"followed cory" in the paragraph quoted
from his message 1t the commencement Of
this article.
The FIRST Of the series Of resolutions pre-
sentsd by Mr.. Clay reads ~ follows:
''That it 10 the duty Of the General Gov
eminent, to provide an adequate revenue
within the year, to meet the current expenses
Of the year, and that any cxpedient, either BY
loan or treasury notes, 10 supply in time OF
peace, deficiency Of revenue, especially du-
ring successive years, 10 unwise and must
lead to pernicious consequences"
Then, speaking to these resolutions, Mr..
Clay said:
~ am for giving to the country : revenue
which may provide for the economical wants
of the Government, and at the same time
give incidental protection 10 our home in'
d1stsy."
Now that the President has como on to ths
Henry Clay platform, il be will honcstly per.
siss in carrying out the principle and induce
Congress to act IN the spirit Of the closing
paragraph Of Hsnry Clay's appeal on thai
occasion, We may hope 10 see as great pros
perisy following upon our presen. distresse,
~ WAS Witnessed in lo42.
s'Let us," said MIR. Clay, sslay aside preiu
dice, let US look IT the distresses OF ou
country, and these alone. | trust that i,
this spirit We shall examine these resolutions
and decide upon them according TO the do
tAtes Of our own condolences, aud 10 q pur
and patriotic regard to the welfare OF on
country"
His wise and patriotic counsel was followe,
and the country rejoiccd for several years il
an onward course Of anexsmpled prosperity
which might be paralleled At the presen
juncture BY following in a like spiri. the pol
ley which Henry Clay devoted the best effort
OF bis life to inaugurste and maintain.