Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1858-12-17

ca so much at large in nv
message that l shall no, no,
further. still, I respectful,
recommendation in favor q i
Of a uniform bankrupt Law. =.
banking institutions. Thu
direct power over the subi.,
believe e the federal governs
se'. Such a law would nitia
1t might not prevent the evil
Stinct of self-preservation ni,,.
wholesome restraint upo, 4
ing business, if they knew. h y !,
that a suspension Of sped.
/ death. "1
Du' INC ehects Of the ,sv.i.
now now slowly b"'t,.. but surely passing !,
The The ' energy and enterprise 4 =
within the period Of aao,5 ,.,-...'
store a state Of wholesome i85' -
trade, Capital ha'asai.o aoepn ll,.,'
{" ,h large e.' eiiie'. The rates Of H.,
is there very low. coasasas 5 y.
ally reviving, and 50 soon y. : ''aa
cred that this capital can !. =, ,''i
employed in commercial and ~ -
ing enterprises, and in the -,
OF railroads and other work. I
and private improvensp,
will again smile throughog. 4.
is in vain, however, to d,.s
from ourselves, that a sps
ton in our currency, we
ponding initiation in o
whose manufactures cone ID
ton with our own, must r
disastrous results to our dan.s
features. No tariff, short
prohibition, can prevent tla+
sequences.
, In connection with this a
= proper to refer to our financial
, The same causes which have
pecuniary distress throughout. d.
try, have so reduced the anon
ports from foreign countries.
revenue has proved inadsqqs..
the necessary expenses Of ii.n
j, ment. To supply the defcsaq
! gress, by the act Of the 23l
Der, 1857, authorized the issas 4 s.
100000 of Treasury nOta I'd {
r proving inadequate, they aa:ha-ils..
+ the act of June Il, 1858, a loan d
i 100000, to be applied to the pan.
of appropriations made by hE.'
No statesman would advise ia.
] should 60 on increasing Ls ratan
debt to meet the ordinary expenses
the government. THIS volA@au
ruinOus policy, in case Of va g' q
, must be our chief resource, Il *
> the first year, and this would Be- =
impaired by having contractsi Z
debt in time of peace. It's Il
policy to increase our rsTelG s
equal our expenditures. !! VI
ruinous to continue to bcrTov. =
it may be proper to observe : !
incidental protection thus aiFz {
:, revenue tariff would, at the Fzs
ment, to some extent, increaz 3
dence of the manufacture. 8
e and give a. fresh impulse to g.
business. To this, surely q g
- object.
In regard to the mode Of 81 :
: collecting duties under a ;trf-l =
tariff, 1 have long entertaia .
= ten expressed the Opinioa' D. :
- policy requires this should B; j. :
"a specific duties, in cases to slA- !.
"a can be properly applied. Ia! :.
IS, adapted to commodities when . !. ]
10 10 sold nv weight or measure, 80
of from there nature, are Of e4-.
u nearly equal value. Such lof :
IN are the articlesof iron Of differs .
= raw sugar, and foreign wines = /,
re In my deliberate judgn'a- =.
M duties are the best, if not To. y
= of securing the revenue asaIl'' !. !
H. fraudulent invoices, aud sail !
I'm the practice adopted for tbs j, =. =
to other commercial nations Pc Z
EN- cifc duties would afford to TIC : I.
No manufacturer the incidental - ].
to which he is fairly entitled ]
Iar revenue tariff. The present r T
fui sliding scale to MS dlsad'all -.
nat when prices are high and oa,. ..,
an porous, the duties rise IN an =.
,ld he least requires their aid, !, /.
'iu trary, when prices fall, ana ID !.
TO- Cling against adversely -, ~
diminished in the same PROF.
ov- ly to his injury. a..s,
not Neither would there DC lA y,
re-. higher rate of duty than i.1 i'i u b b
re- Congress could be LEVIED y I. !
ole specific duties. 1t ~ S'u - \ ssr
to certain the average value = =
- ed article for series o. = 4
r t:,efipfs II 20 IL -