j-jrv-c/ ^ mac^ falrO/rd r/uJ - /• OX. frhejDuffluo °L. ^ffrvv-eud' q^^ctr, (frj c7>0. . . J, }ftyrfUvt>cL q/Th^t. Ou (do. . - . 7i. (Ths &L0- ■ ■ ■ <7- (?^ Ov cid , ■ -7, (j^lyvt^j c/J l/^C** . ^Hv ctv. ' ■ y yfu VOssucjy, co fc~ic^eT-y*~r~ fiLo- ffiTwja. $?. (^Ct-K^-Jj ^ M)CrcTTv-^-^XO . . ... ^ ■ >fvo (duUZ- 70 J.H).7&. zftZLtuJ- x?/tL fyp. of&a^Ti - • //• -7h ~&7uC\, cryc T7u~ q7Z>JC CUJ TC. /2-. 0~~V\X oCx), . 7 . . ■ /cP • 7$ i-/Ul^0r~d (XXX (AsP , . /i7 • Ol^iuj 7^ . . /J~ h-£t Co l W, cUfav^cXX JOcOlfTsO X~hX 7^/aT^ (sOI£sl -LX (OjX^CC L^- iJLS . 7'7". 7% CVl/Vl^ CUi-^a C~hJ ^CyL-tytly^-CjCf ■ / 7. / THE TARIFF OF 1842 VINDICATED. SPEECH OF GEORGE EVANS, OF MAINE, IN REPLY TO THE HON. MR. McDUFFlE, OF SOUTH CAROLINA, * ON THE1 TARIFF.. DELIVERED IN THE SENATE OF THE UNITED STATES, January 22 and 23, 1844. WASHINGTON : JPBINTED BY GALES AJTD 9XATOS. 1844. / vTV 0 t y SPEECH. IN SENATE OF THE UNITED STATES, JANUARY 22, 1844. The Senate resumed the consideration of the following report from the Committee on Finance: January 9, 1844.—Mr. Evans, from the Committee on Finance, reported the following reso¬ lutions : Resolved, That the bill entitled " A bill to revive the act of the 2d March, 1833, usually called the Compromise Act, and to modify the existing duties upon foreign imports, in conformity with its provisions," is a bill " for raising revenue," within the meaning of the 7t'n section of the 1st ar¬ ticle of the Constitution, and cannot therefore originate in the Senate ; therefore, Resolved, That it be indefinitely postponed. Mr. EVANS rose and addressed the Senate as follows : I confess, Mr. President, that I enter upon the discussion of the subjects which are now before the Senate with much reluctance. Seldom have I undertaken to address a legislative body with so little feeling of interest as on the present occasion. This does not arise from any want of just appreciation of the importance of the questions which are involved, for I agree that they are of great and paramount importance; but from a consciousness, which I cannot shake off, that I am speaking upon worn- out and thread-bare topics, with which the public mind is already quite familiar. They have been so often discussed, here and elsewhere, that nothing of novelty or freshness remains in them, and little farther intellect¬ ual effort is required in conducting the argument than the exercise of the memory. But while I consider this debate out of place,out of time,and,as the question is now presented in the report of the committee, out of order, I am nevertheless not at liberty to decline it; I have not invited—but it does not become me to shrink from it. These subjects, I have remarked, are exceedingly familiar. The hon¬ orable Senator from South Carolina (Mr. McDuffie) is fully aware of it; for, he seemed to anticipate what he called "stereotyped arguments," in reply to the able speech with which he instructed the Senate. What would he hear ? Truth, sir, is eternal. What was true last year and the year before, upon these grave matters, is equally true now. What were just and sound principles of political economy, and of national policy, two years ago, or ten years ago, are just and sound principles to-day ; and is it expected that they will not be maintained again, when the occasion de¬ mands it ? The same weapons which were used then to refute error and expose sophistry, must be used again, and hereafter, and as often as the same error and the same sophistry require to be refuted and exposed. We have nothing new in these matters but experience—fresher and fuller ex¬ perience—and from that source alone, can the subject be invested with any new interest or attraction. The honorable Senator (Mr. McDuffif.) has spoken, as he always speaks, especially upon questions of this character, with extraordinary zeal and warmth. He deals very largely in strong and positive assertions. That part of speech which grammarians call adjective, and whose use adds so much to the grace and beauty of style, as well as to its force, the Sena¬ tor uses very freely, but almost invariably in the supeilative degree. He speaks of the policy of the act of 1842, as the most odious, most unjust, most abominable, with many other phrases of similar import, of any which was ever imposed on a free people, and the arguments by which it is sus¬ tained, as the most fallacious and most absurd that were ever addressed to the mind of man. Now, all this is assertion, and assertion merely ; bold, strong, vehement, indeed, but still nothing but assertion. It proves, un¬ doubtedly, what I am free to admit, the sincerity, the deep conviction of the honorable Senator, in the truth of his opinions, but it proves nothing more. Strong expressions, vehement denunciations, accumulated epithets, however frequently repeated, are not among the best modes of discovering truth, though they are among the most efficient means of propagating error. I shall endeavor not to speak with any undue positivetiess, nor to be¬ tray any extreme earnestness in the opinions or arguments I may advance, though I can assure the honorable Senator, if I fall behind him in this re¬ spect, my convictions of the truth of the principles I advocate, are no less well founded and sincere than are his own, in the sentiments which he has advanced. I proceed, in the lirst place, Mr. President, to consider an objection which the honorable Senator has raised to the policy which our Government has so long observed, of supplying its revenue mainly, if not wholly, by im¬ posing duties 011 foreign imports. He considers this unequal, and therefore unjust. It is not practised, he informs us, by any other nation. I hardly perceive how the practice of other countries furnishes a guide more suita¬ ble for us to follow, in this respect, than in any other of their systems of policy or forms of institutions. All the principal Powers of Europe, as we well know, are deeply involved in debt, the interest upon which they do not always find it easy to meet. They are encumbered with expensive establishments, civil, military, and ecclesiastical. To obtain the means of sustaining the enormously heavy expenditures occasioned by these causes, they are obliged to resort to all the modes of taxation which the skill of their ablest financiers can devise. They are constrained, not from choice, but necessity, to resort to excises, direct taxation, income taxes, stamp du¬ ties, and all the other modes of obtaining money, which the ingenuity of their statesmen can invent. Is there a nation in Europe that would not gladly abandon all its onerous internal taxes, if it could obtain revenue sufficient to meet its wants from the customs ? Our situation is different— wholly different. We can obtain all that is necessary for the purposes of our Government from this source. Why, then, resort to other modes, which, in all times, and in all countries, have been justly regarded as most burden¬ some and oppressive ? Besides, there is a peculiar reason why all the rev¬ enues of the General Government should, if practicable, be obtained from customs. The people of this country maintain two Governments, and are taxed for the support of both—State and National : other nations for the support of one only. The taxation for the support of the State Govern- ments.falls wholly 011 other objects than imports. They are maintained by direct taxes, personal or property taxes, excises, &c. Now, when we consider that the aggregate of all the sums raised in these modes, probably far ex¬ ceeds the revenue of the General Government derived from customs, we per¬ ceive that, even upon the example of other nations, it is proper to supply the revenues of the General Government from an imposition of duties upon foreign imports. In doing this, no such injustice or inequality is perpetrated as the honorable Senator has supposed. In Great Britain, he stated that no more than one-tenth part of the revenue was derived from the customs; but the honorable Senator lias himself discovered his mistake, finding that it was during a period of war, when imports were probably few, and the necessities for revenue great, that such relative proportions existed. I find 5 by Spackman's Statistics of the British Empire, for 1S43, (a very valuable work,) that in 1841 the whole revenue of the Kingdom amounted to about fifty-three millions sterling, of which over twenty-three millions were de¬ rived from customs—almost one-half. In 1S42 it was very nearly the same. I hazard little in the opinion, that if the whole amount of the rev¬ enues of the States and of the National Government could be accurately ascertained, it would result that a much smaller proportion of the whole is obtained from the customs than is obtained from this source in England, in proportion to its whole revenue. The example of other nations, there¬ fore, so far from being against the policy which we have hitherto observ¬ ed, is directly in favor of it. The honorable Senator, although he speaks quite strongly of the injustice of this mode of furnishing the revenue of the Government, does not, as I understand, propose to change it. If he should ever make the attempt, he will find very slight support, I imagine, in any section of the country. No portion of it, and no party in it, will be wil¬ ling, in my judgment, to abandon, in any degree, the revenue from the du¬ ties on foreign imports, if the deficiency thereby created is to be supplied by excises or direct taxes. From the very origin of the Government, if any thing was well understood, and well approved, it was the policy of supplying the National Treasury in this mode. Writers on political econ¬ omy assign as one of the reasons in favor of it, that a part of the burden thus imposed, is borne by the foreign producer. Experience proves this. What do the tobacco growers of this country now complain of, but that the high duties imposed on that article by other nations, operate to reduce their profits ? that a part, and no small part, of the fruits of their industry goes into the exchequers of foreign Governments ? I shall recur to this il¬ lustration hereafter. The honorable Senator, in the next place, proceeded to discuss the char¬ acter of the act of 1842, by which additional duties were imposed on for¬ eign merchandise. As a revenue measure he says it has "fraud and de¬ ception stamped on the very face of it"—" that it was not designed for pur¬ poses of revenue, but for purposes of plunder"—"that it is destructive of commerce"—"that it is a foul and faithless violation of the compromise act"— " that it is iniquitous, oppressive, and unjust,"—and " that it is a monster which only requires to be stripped of the veil which conceals it, to be uni¬ versally execrated." I propose, Mr. President, notwithstanding the warmth of these denun¬ ciations, ta say something in defence of this act, and to examine it in the various aspects in which the Senator has presented it. And first, as regards its effect upon the revenue. The honorable Senator has founded his argu¬ ment on this head, upon a very few facts. He furnishes a schedule of a small number of dutiable articles, the revenue from which, under any rate of duty, has always been quite inconsiderable. Finding that the rate of duty upon them is very high, he infers or asserts that the importation of them is nearly if not wholly prohibited, and that no act which has this ef¬ fect, in any instance, can be called a revenue act. The principle which the Senator thinks should be observed, in framing a revenue law, is to take each article by itself, and to assess on it 'such a rate of duty as will admit of the largest importation, and yield the most to the Treasury. I submit, sir, whether this be the true rule. Every article has relation to every other article. The free importation of some may occasion a very diminished importation of others. A diminished import or a total prohibition of some, may render necessary or profitable a large import of others, yielding a larger amount of revenue. An act laving duties, therefore, must be re- © gardcd as a whole, and not in insulated and detached parts. The true rule would seem to be, so to graduate and adjust the duties upon the various descriptions of articles imported, that upon the whole mass, and not upon eacli separate parcel, the largest amount of revenue may be de¬ rived. You are to look to the aggregate of the duties received, in order to judge of the character of the law. Does the honorable Senator suppose that his bill, if it should become a law, will yield a larger amount of revenue than the act of 1S42 yields? He appears to take it for proven that such will be the case, when he has shown that, under its provisions, some of the articles, separately considered, will furnish more than they do now. Possibly, under his bill, several descriptions of merchandise may be import¬ ed more extensively than they are at present, and may yield more revenue than they now yield. But might they not exclude other importations, which yield us more still ? Might they not diminish consumption, by di¬ minishing the ability of the people to buy ? Revenue is not derived from importation merely. There must be consumption also. If not consumed, foreign fabrics will cease to be imported, and then revenue must cease also. Whatever stimulates consumption, or, which is the same thing, what¬ ever adds to the ability of the people of the country to purchase, adds to the importations, and adds to the revenue. Suppose, that by reason of high duties, or by direct prohibition, you exclude foreign fabrics from the country, which under a moderate duty would yield five or ten thousand dollars to the revenue, do you necessarily impair the revenue to that ex¬ tent ? Not, if by reason of such exclusion, you call into exercise American industry for the supply of the article, to such an extent as to enable hun¬ dreds or thousands of our people, by the profitable employment they ob¬ tain, to become purchasers and consumers of other commodities, necessaries, and luxuries, which they could not otherwise have enjoyed, and upon which an equal or greater amount of revenue is collected, than there would have been upon the articles thus excluded. The entire prohibition of one commodity, or of sqveral, which would furnish some revenue, may indeed be ultimately beneficial to the Treasury. This is the case whenever the exclusion of it gives occasion or creates a demand for an enlarged im¬ portation of other commodities, upon which a higher duty is exacted. This,, sir, is experience. Gentlemen are often quite at a loss to compre¬ hend how it is, that we expect foreign imports to increase, when additional duties have been imposed upon them. It is because we look to the aggre¬ gate of the merchandise imported. Particular descriptions of goods may fall off, some may be prohibited entirely, but the whole mass is increased. The consumption of the country will always be in proportion to its ability to purchase. Whenever you advance industry, and give labor employ¬ ment which it had not before ; when you enable laborers to clothe them¬ selves and their families better than they did before, and obtain more of the necessaries and comforts of life, and especially to become consumers of luxu¬ ries to which they were strangers, you enlarge the number of consumers of dutiable imports—you make a new class which did not exist before, and you necessarily increase the imports and increase the revenue. It is now, Mr. President, something over two hundred years, I believe, since a great revolution was accomplished in the intellectual and philoso¬ phical world, by one of the most distinguished men, that has ever lived in the annals of English history. A man so proudly eminent for his intellect and his genius, but so notorious for humiliating defects of character, that one of the greatest of England's poets described him, as the " greatest, wisest, meanest of mankind." However that may have been, it is certain. 7 he achieved a very great intellectual revolution ; and discovered, or applied if he did not discover, a new process of reasoning—a new mode for the ascertainment of truth—a new avenue to knowledge. The system of reasoning which he established, has been called the inductive process ; and that which it superseded, and overthrew, may be denominated the syllo¬ gistic, or scholastic. The great difference between the old and the new philosophy was this—the old adopted some pre-established theory—ab¬ stract speculations—by which it endeavored to explain all facts, and with which it labored to make them consistent. The new consisted in a careful observation of facts and events, and from them, and from experience, de¬ ducing truths, and principles, and applying them to the daily concerns of life. Now, with great respect for the honorable Senator from South Car¬ olina, I must say, that he seems to have gone hack to the old and the ex¬ ploded system of reasoning. He adopts theories—speculations ; and, how¬ ever opposed to them, are daily occurring facts, the theories must never¬ theless stand. The honorable Senator asserts that the imposition of additional duties by the act of 1842 has been destructive of the revenue—has largely impaired our commerce—and has produced grievous burdens by enhancing prices. He asserts this, because his pre-established theory is, that all duties are restraints on commerce—that the higher the duties the greater are the restraints—and the greater the restraints, the smaller the revenue. According to these fixed principles, he contends that the act of 1842 has produced these disastrous effects. But what is our ex¬ perience on this head ? How are the facts ? He cannot but admit that the revenue has not actually declined, but has increased. He cannot deny that prices of foreign merchandise have generally declined. These are notorious facts, but he will say they are facts consistent with his theory. He will say this has taken place not in consequence of that act,but in spite of it. That was very much the way in which the old logicians got rid of obstinate facts which came in conflict with their theories, and a very easy and convenient way it was. Now, sir, I propose to examine this matter, not by the rigid rules of any speculative theory, but according to facts and experience. I propose to examine the practical operations of this act—its workings and its bearings upon all the interests which the honorable Sen¬ ator says have been so deeply affected by it. There is no difficulty in ob¬ serving them. The sources of information are at hand, and open to us, if we will but explore them. And in the first place I desire to examine this act, so reprobated, in its effects upon the Treasury—as a revenue measure, merely. I observe it stated every now and then in some of the daily newspa¬ pers, that the revenue of the Government, under the pressure of this act is rapidly declining—that the public debt is increasing, and that unless the tariff of duties be reduced, so as to yield more revenue, a resort to other modes of taxation will be necessary. When the honorable Senator from South Carolina brought in the bill which is now before us, modifying that act, he seemed, as did also his friend near him, to indulge the same ap¬ prehension. Something must be done, they said, to supply the Treasury— something to enlarge our means of carrying on the Government and to save the public credit. Now, sir, what are the facts in regard to this ? How does the revenue of 1843, obtained under the act, compare with that of 1842, prior to the act ? The whole receipts from the imports of 1842, into the Treasury, were about 13 millions of dollars, the rate of duty upon du¬ tiable commodities being about 23 per cent. The whole receipt 8 from the imports of 1843, were about seventeen millions of dollars, the average rate of duty being something over 34 per cent. What is the result of the comparison ? We have added over four millions to the revenue. How does it bear on the honorable Senator's doctrine, that low duties increase the revenue ? A rate of 23 percent., which is somewhat above the point aimed at by the Senator, yielded but thirteen millions, while a rate of 34 per cent, yielded seventeen millions. Which is the revenue point? Can any thing be plainer, than that the act of 1842 has occasioned no actual diminution of revenue ? And, in my judg¬ ment, it is equally plain that it has added 4 millions to it. Now, as to the relative imports in the two years : we have a recent re¬ port from the Treasury Department, showing that the amount of imports for the commercial year ending September 30, 1843, was about eighty-eight millions; being a falling off', I admit, of ten or twelve millions from the year ending September, 1S42. But this does not present a fair comparison, by which the effect of the act of 1842 is to be estimated. That act went into operation about the first of September in that year. The imports of the last quarter of 1842 and the first quarter of 1843, were very light, occasion¬ ed not at all by the passage of that act, but by the general prostration of business, and the uncertainty which hung over the legislation of Congress. At the last session of Congress this subject was discussed in this body, and the honorable Senator then referred to the falling off in the imports in the last quarter of 1842, as evidence of the prohibitory character of the act. I re¬ plied then, as I reply now, that the decline was not in consequence of the law; and I ventured to predict that the imports would largely increase in the third and fourth quarters of the year. That prediction has been ful¬ filled. He then assumed that the revenue of the year would not exceed ten or twelve millions. I expressed a confident conviction that it would be fully 17 millions. The result confirms my anticipations. While the law was in agitation, and uncertainty hung over its final passage—while mer¬ chants and importers could not foresee what rates of duty would be impos¬ ed, and how prices abroad might be affected by it, they abstained from giving orders for foreign merchandise. Such orders are generally given several months before the goods are wanted, or expected to arrive. The spring importations are ordered in the preceding autumn—and the fall importations in the spring. Six months, I presume, may fairly be considered as the average period of or¬ ders in advance. During the spring and summer of 1842, while the tariff act was under consideration, few orders went forward. We anticipated the falling off which happened in the two following quarters; but we also anticipated, what has happened, that as soon as the law should become understood, and its effects on business, and on prices at home and abroad,, should be seen, commercial operations would recommence, imports would increase, and a wholesome revival in all the pursuits and branches of industry would take place. We have not been disappointed in these expectations. Compare the imports of the second and third quar¬ ters of 1843, after the law had gone into full operation, after time had been given to observe its effects, with the imports of the previous quar¬ ters. In the last quarter of 1S42, immediately succeeding the passage of the law, the amount of dutiable articles imported was about seven and a quarter millions. In the next quarter, about ten and a quarter. In the second quarter of 1S43, they amounted to eleven and a half millions; a great increase, when you consider that, generally, the larger portion of the spring importations are made in the first quarter. I doubt whether another f) instance can be found, for many years past, where, as in this case, the im¬ ports of the second quarter exceeded those of the first. It is attributable to the fact, that immediately upon the enactment of the law of 1842, when the policy of the Government was seen and understood, importers trans¬ mitted their orders, which began to be supplied in the second quarter of this year. These orders had been previously withheld, for the reasons I have already suggested. Look now at the imports of the third quarter of 1843. Generally, the amount of imports in that quarter, is nearly the same as that of the first quarter of the year ; but the dutiable imports of the third quarter of 1843 amounted to the sum of nineteen millions six hundred thousand dollars. I regret that I have not been able to obtain the precise amount of those of the fourth quarter ; but enough is already ascer¬ tained, to show that they will greatly exceed those of the second, with which they may usually be compared. It is evident, sir, from this exami¬ nation, that since the act of 1842 has gone into fair operation, the imports have been increasing, and, consequently, the revenue has been improving. The improvement has been steady and constant. I repeat the amounts in the different quarters : Dutiable imports. 4th quarter of 1842 ------- $7,228,502 1st quarter of 1S43 10,441,567 2d quarter of 1S43 11,491,228 Sd quarter of 1843 - - 19,634,059 The accruing duties have kept pace with the improvement in the imports: Gross duties. 4th quarter of 1S42 $2,566,438 1st quarter of 1843 3,391,876 2d quarter of 1S43 4,376,356 3d quarter of 1843 6,659,357 With these undeniable facts before us, how can the honorable Senator say, or how can it any where be supposed, that the revenue of the Gov¬ ernment is declining, and the Treasury in danger of bankruptcy? There is another fact worth mentioning, which runs directly counter to the the¬ ory of the Senator from South Carolina. The free articles imported, in the third quarter of 1843, amounted to $4,896,514 only—the aggregate of the four quarters to that time, being $40,470,755. The average of the four quarters, was something over ten millions ; but the quarter which had much the largest imports of dutiable articles, had not half the average of imports of the free articles. How could this happen, if the act of 1S42 had such disastrous operation upon the revenue, and upon the imports from which the revenue is derived ?—the free list diminishing, the dutiable increasing. When the Senator brought in the bill which is before us, proposing to modify and reduce, very essentially, the duties imposed by that act., I took occasion to say, in answer to suggestions from the other side, that the rev¬ enue derived from the customs, with the other inconsiderable sources of income, would be fully equal to all the expenditures of the Government for ordinary purposes; and 1 pledged myself to vindicate that opinion on any suitable occasion. The present discussion furnishes such an opportunity, if it does not even demand the fulfilment of it on my part. An impression seems to be entertained here, and probably more extensively abroad, that the Treasury is embarrassed—on the eve of bankruptcy. No such thing, sir. The Treasury, in my opinion, is in a very sound and good condition. There need be no apprehension of bankruptcy or embarrassment—nothing 10 of the kind. The Secretary of the Treasury, I am aware, anticipates that there may be a deficit of two and a half millions at the end of the fiscal year. In this opinion I am constrained to differ from him. I said a year ago, and I now repeat it, that if the revenue act of 1842 is permitted to stand—if the subject is not again agitated—if there be no disturbing cause operating on it—it will produce enough, with the other means of the Treas¬ ury, for all the ordinary expenditures of the Government. I know it is in the power of Congress, and perhaps of leading gentlemen, to falsify this prediction. They may renew the agitation and apprehensions which are always attendant upon any attempt to modify the tariff acts. They may introduce uncertainty and distrust in the community, and thus check busi¬ ness and impair (he revenue. But, without some such disturbing causes, the result I have ventured to anticipate will happen. The Secretary of the Treasury anticipates, as I have said, a deficiency of two and a half millions for current expenses, on the 30th June next, to which he supposes should be added one and a half millions more for con¬ tingencies and new appropriations. He estimates the expenditures of the last three quarters of the fiscal year, at Si9,263,395, which, added to the ascertained expenditure of the first quarter, 36,317,357, makes a total for the year of 325,5S0,752. I am aware the Secretary is not responsible for the proposed expenditures, if Congress makes the appropriation. The heads of the other departments, the War and the Navy, through which almost three- quarters of the disbursements are made, adopt their own measures, indepen- dentof theTreasury Department, and furnish the estimates of thesums which may be required for any given period. But I must say, that the sum pro¬ posed to be expended, from whatever department the proposition has come, seems to me somewhat extravagant. The appropriations made by the last Congress for the half calendar year ending June 30, 1S43, and for the fiscal year ending June 30, 1S44, were but S24,66S,384, exclusive of the amount for the Post Office Department. The total appropriations for the fiscal year were 317,440,862. A pretty uniform rule has obtained at the departments, of expending in the year an amount, as nearly as practi¬ cable, equal to the appropriations for it, leaving as much of it unexpended at the end, as there was at the .commencement of former appropria¬ tions. This rule, if now observed, would limit the disbursements of the pre¬ sent fiscal year to seventeen or eighteen millions, instead of twenty-five and a half, as appears to be contemplated by the Executive departments. Sometimes, undoubtedly, an extraordinary exigency may arise, rendering it expedient and necessary, toexpend withinthe year not only all the outstand¬ ing appropriations, but also all which may be made for the service of the year, leaving nothing outstanding at the close of it. I do not know that such an exigency does not now exist, or that it may not arise in the cur¬ rent year, and I do not therefore call in question the propriety of the expenditures which the Secretary anticipates will be made. My purpose is to show, that notwithstanding so heavy a disbursement as is expected, the ordinary revenues of the year will still be sufficient to meet its expen¬ ditures. And, in the first place, if there should be a deficiency of two and a half millions, as is anticipated, it will have been occasioned in part by ex¬ penditures for other than ordinary purposes. A considerable portion of it will be attributable to the redemption of Treasury notes. The amount of outstanding notes on 3d March, 1843, when I expressed the opinion as to the sufficiency of the revenue, already adverted to, was 311,656,387. The amount now outstanding is 32,607,123, showing that over nine mil¬ lions have since been redeemed. Of these, seven millions were taken up 11 by the proceeds of the loan then authorized, leaving over two millions which have fallen upon the ordinary receipts of the Treasury. This alone nearly balances the anticipated deficiency, and this amount may be reissued, if necessary, to supply it to that extent. Authority was given at the last session to redeem all the Treasury notes then out, by a new loan, expressly with the view of freeing the Treasury from embarrassment, and leaving the current receipts to meet the current expenses. If the means of the Treasury have enabled the Secretary to redeem any portion of them, with¬ out the aid of a further loan, he has made a very favorable operation by doing so; nor do I complain of it. But if the result has been, or shall be, to occasion a deficiency, then I have to say, that it is a deficiency not caused by any excess of expenditures over receipts for ordinary purposes. Congress intended that these Treasury notes should not be a charge on the revenue of the year, unless it was able to bear the charge. If it has been able, it only strengthens the opinion I then expressed ; and if it has not, it does not invalidate it. If this amount of Treasury notes thus re¬ deemed should be now funded or otherwise provided for, it would re¬ duce the estimated deficiency to about half a million. That can be account¬ ed for, also. The Secretary computes all the outstanding warrants, or which were outstanding at the date of his report, as chargeable 011 the revenue, and liable to be called for at any moment. So they are ; but as fast as these warrants come in, in the ordinary course of business, others are thrown out, and become also outstanding for longer or shorter periods. They are not necessarily paid immediately 011 being issued ; some are transmitted to great distances ; so that probably there never is a day when there is not a considerable amount of outstanding warrants, which do not come in till some time has elapsed. The Secretary considers all these im¬ mediately chargeable on the Treasury. They are so ; but credit ought to be given for whatever amount, large, or small, shall be outstanding at the end of the year. They do not fall exclusively on the revenue of the year, but on whatever is received into the Treasury, up to the day of their payment. What amounts may be outstanding at the close of the year we cannot, of course, say ; for, 110 doubt, it may often happen that the amount outstanding at the end of one year differs very considerably from that of the preceding year. The Treasury is not always in a condition to meet all the outstanding warrants if they should be suddenly presented, and still it is not insolvent. Thus, according to the report of the Secretary, the outstanding warrants at the close of 1841 amounted to over 800,000 dollars, which were not paid until in 1842—falling upon the revenue of the latter year. If they had been presented in 1841, they could not have been met by the means then in the Treasury. They were thus thrown forward upon the succeeding year, and their payment has of course absorbed so much of the revenue of the succeeding year. I have not the means of showing what amount was outstanding at the commencement of the present fis¬ cal year, which are in like manner a charge upon the revenue of the year. If it was as much as at the end of 1S41, it more than extin¬ guishes the remaining half million of the anticipated deficit. I have lit¬ tle doubt that the deficiency, if one should occur, may be fully accounted for on these grounds, still leaving my position firm, that the ordinary rev¬ enues of the year will meet its disbursements. But, besides this, I am constrained to differ from the Secretary in his estimate of probable revenue for the residue of the year. He estimates the receipts from customs, for the quarter just closed, at 03,100,000 ; for the present quarter, at 04,600,000; and for the last quarter, at $3,600,000. As to the quarter just closed, I 12 have endeavored to ascertain the precise amount received in it, but with¬ out success. Enough, however, is known to show that it will considera¬ bly exceed the estimate. The present quarter generally yields an amount not very different from that ending in September. The receipts for that quarter last year exceeded six millions. Looking to the large and increas¬ ing importations now coming in, I see no reason to doubt that the revenue of this quarter will quite, if not fully, come up to that. This would add nearly a million and a half to the estimate. But call it only a million. For the last quarter, nearly as much more must be added. The receipts of the corresponding quarter last year exceeded four millions, more by half a million than is estimated for this year. Is there any reason to ex¬ pect a falling off? On the contrary, is there not every indication of in¬ creased business? My information from New York is, that the receipts at that port are unusually large. The estimate for this quarter at that single port is about three and a half millions. Formerly it was deemed a safe^ calculation, that about two-thirds of the revenue was received at New York. The proportion since has been somewhat changed, and perhaps not much over one-half is now collected there. If only half, this would give a revenue for the quarter, from all the ports, of seven millions—or if two-thirds, a revenue of $5,200,000. Laying out of view the quarter just closed, I am very strongly of the opinion that the receipts of the pres¬ ent and the next will exceed, by between two and three millions, the es¬ timates of the Secretary. This alone would meet the anticipated deficien¬ cy, and would show an excess of receipts over expenditures by the amount of Treasury notes redeemed and outstanding warrants paid, not¬ withstanding the disbursements should be kept up to the amount contem¬ plated by the department. I am aware of the hazards which one neces¬ sarily encounters in venturing upon prophecy, especially where so short a time will test its fulfilment or its failure ; but I willingly incur these hazards, deeming it, as I do, of much importance, that the country should see, and our creditors should see, that we have the means of carrying on the Gov¬ ernment, (without additional debt, or taxes,) and of fulfilling all our en¬ gagements. I proceed now to consider the probable condition of the Treasury at the end of the fiscal year, June 30, 1S45. The Secretary of the Treasury an¬ ticipates a deficiency at that time, also, of about four millions and a half. Acting upon the information derived from the other departments, he es¬ timates the expenditures of that year at $26,S77,059, which includes about one million for the interest of the public debt, leaving the expenditures for ordinary purposes at twenty-five millions and three-quarters, nearly. The estimates of appropriations of the year, are, in round numbers, 22 mil¬ lions. To this is to be added the balance of former appropriations which Avill be on hand, July 1, next, $2,60S,026, and permanent appropriations by former laws, of $2,318,189—giving a total of $26,877,059, as I have just stated. It is evident that the expenditures of (he year must depend al¬ most entirely upon the amount of appropriations made by Congress. The whole matter is in our hands. I see very little reason to believe that this amount will come near twenty-two millions, as anticipated. Look¬ ing at the estimates, I notice a million and a half for improvements of rivers and harbors. Now, although I have no desire and no purpose to abandon these improvements, I ant very sure that no such amount as that will be ap¬ propriated this session. If it reach halfa million, it will be as much as I ex¬ pect at the present time. That will reduce a million. The estimates for the naval service are little short of nine millions. Strongly as I have supported, 13 hitherto, appropriations for that branch of the service, 1 have no belief that it is proper or necessary to appropriate so large an amount now. But I forbear going minutely into the estimates. Pretty distinct intimations from the other House, render it quite evident that the appropriations will fall short of the estimates several millions. I believe it is contemplated by gentlemen in that branch, who have a leading control over the matter, to keep the appropriations down to fifteen or sixteen millions at most; six or seven millions short of the estimates. In my judgment, they may be very safe¬ ly limited to eighteen millions—four millions below the amount estimated by the department, and very nearly meeting the whole deficiency expected by the Secretary. But independent of this, it will be observed, that the es¬ timate of the Secretary is founded upon the assumption that the whole amount of the appropriations will be expended within the year. This never happens, and I might almost say, never or rarely can happen. It is generally the case, and 1 believe is found very convenient and desirable in practice,.that as large an unexpended balance of appropriations will remain at the end of the year, as there was at the beginning of it, of pre¬ vious appropriations. At the commencement of the next fiscal year, the amount unexpended of appropriations of former years, will be about two millions and a half. Is there any reason to suppose it will not be as large at the end of it? This amount ought then to be deducted from the esti¬ mated expenditure, and also the amount which will probably be carried 4o the surplus fund of former appropriations. At the close of the present fiscal year, this sum is computed at over half a million. If it should be as much next year, there would be three millions from these two sources to be deducted from the proposed expenditure ; which, added to the four mil¬ lions of diminished appropriations, shows a deduction of seven millions from the estimate ; thus, instead of a deficiency of four and a half millions, leaving a surplus of two and a half. All this is independent of the probable receipts of the year in ques¬ tion. Upon that subject, of course, much uncertainty must exist. The Secretary estimates the revenues from the customs for that year at twen¬ ty millions. For myself, I shall be greatly surprised if they fall short of twenty-three millions. Practical and intelligent merchants, I am informed, in some of the cities, estimate them still higher—as high even as twenty-five or twenty-six millions. Their opinions on ques¬ tions of this sort are entitled to much weight. From the nature of their business, they have means of information, not generally possessed by us. Looking to the present condition of affairs—to the advancing pros¬ perity of the country as exhibited in increasing commerce, in the appreciat¬ ing value of real estate in the commercial cities, in the formation of new mercantile firms, in the restored confidence which now exists, in the stimulus given to enterprise and industry—looking at all these evidences of general improvement, I do not know that their expectations are very ex¬ travagant. We have not at the present moment as full information on these subjects as is desirable. Two or three days will probably put us in possession of facts and the condition of trade abroad, having a most im¬ portant bearing on these questions ; and I should have greatly preferred a postponement of these remarks until that time. I have very little doubt that intelligence will be received by the next steamer from England, now hourly expected, which will give increased animation to business,and a consequent increase of imports. A peculiar state of things now exists. Notwithstanding the large amount of imports coming in, the great staple of our export, cotton, is not going abroad. The exports of it have been quite small-—unusually 14 so; and at the same time exchange is low. Holders of cotton on this side of the Atlantic are waiting for higher prices in Liverpool; while purchasers there are delaying operations, in the expectation of large supplies to be received. If the intelligence by the Britannia should show an advance in the price, which, I think, may be anticipated, undoubtedly large shipments will be made, outward freights will rise, and increased importations must necessarily follow. If, on the other hand, the price abroad has declined, or remains stationary, so that holders cannot ship it without danger of overstocking the foreign market and producing a fall, then, as cotton will not go forward, exchange will rise, specie will be in demand for export, the banks will curtail their discounts, the currency will become contracted, and business brought to a pause. Imports may fall oft", and the revenue consequently decline. All these contingencies are to be kept in view. How long the present state of things is to continue we cannot foresee, nor what is to be the change which shall next happen. If, however, none of these contingencies occur, if there be no decline, none of these disturbing causes, (and I see no ground to anticipate them to any considerable extent,) 1 shall not be surprised if the opinion of very intelli¬ gent merchants, to which I have adverted, shall be realized. In that event, instead of a deficiency, we shall have enough for all the purposes of the Government and to redeem that portion of the public debt falling due next year. That, however, I will not now calculate upon. But if the expen¬ ditures are reduced in the manner I have suggested, and if the imports of the year are not materially obstructed from the causes suggested, the reve¬ nue of the fiscal year will meet all the expenditures of it, and leave a sur¬ plus of some millions in the Treasury. To give a revenue of twenty- three millions, it is only necessary to import sixty-four or sixty-five mil¬ lions of dutiable merchandise. We have often imported much more than that, when the rate of duties was higher than at present. And now, when there is increased prosperity, when money is abundant, confidence re¬ stored, enterprises enlarged, all branches of business starling into fresh life and vigor—what reason is there to expect we shall not be able to im¬ port from sixty to seventy millions as well as in times past? In¬ deed, I think we may very safely expect the imports of the year, calen¬ dar or fiscal, whether commencing in January or July, will amount to one hundred millions. The proportion of dutiable imports, as indicated in the returns of the third quarter of last year, is something over four-fifths of the whole; and if the same proportion should continue, which I hardly ex¬ pect, it would give an import of over eighty millions dutiable, yielding a revenue of twenty-eight millions of dollars. Thus, it will be seen, sir, in any view which can be taken of it, I make a very liberal allowance in es¬ timating the receipts from the customs, for the fiscal year, at twenty-three millions only. I have deemed it necessary to say so much upon the state and pros¬ pects of the Treasury, with a view as well to vindicate the act of 1842 from the reproach of having destroyed the revenue of the country, as to allay any apprehension of a deficiency in our means ; and I now return to other topics discussed by the Senator from South Carolina. The honorableSenatortakesstrongexceptions to theprincipleof discrimin¬ ation, which has so long prevailed in all our laws relating to duties. He would make discriminations only for two purposes—first; for revenue, and next, in favor of the poor. He would make none in favor of manufactures, or of industry at home. I do not object to discriminating for purposes of reve¬ nue, though I strongly object to the mode by which he would accomplish 15 it. He proposes to lay the lightest duties on those articles of import which* come ill competition with domestic productions, and the heaviest upon those of which we produce none. He would not give the slightest protection to American labor, by any discrimination in its favor. On the other hand, he discriminates against it; and this for purposes of revenue. He regards the two as incompatible ; I think otherwise. I think discrimination in favor of our own industry, is entirely compatible with revenue. What is the first and most important thing to be done to raise revenue from imports ? Is it not to favor consumption ? Is it not to foster and promote the ability of the people to buy dutiable articles ? Give them the ability to become consumers, and they do become consumers. Discrimination, looking to revenue, should be that which tends to favor consumption. The people of our country, and of all countries, consume according to their means. If these are little, they consume little ; if increased, they become consumers to an increased extent. If rendered easy and affluent in circumstances, they become consumers in a still greater degree, and of luxuries they never en¬ joyed before. Discrimination, to help revenue, must help consumption. But the Senator would discriminate for the poor—the mass of the peo¬ ple—to relieve them. That is a very humane and very just object, un¬ doubtedly. But how does he propose to do it ? By imposing low duties on articles of general use. Now, with great submission, I think there is an object much more humane, more just, and far more statesmanlike, than merely to relieve the poor—and that is, to have no poor, to abolish poverty. Instead of legislating to lighten the burdens of the poor, I say legislate to do away with poverty, by removing the causes of it. Improve the condi¬ tion of your people ; give them that with which to go to work; give them employment; stimulate and protect their industry ; let them acquire com¬ petency and wealth. That is the only relief necessary or desirable to give them. Merely to relieve them from a burden, is like indiscriminate charity— their wants are perpetually returning. How much better is it to enable them to relieye themselves by their own industry ? Charity is not what the people of this country want, or ought to want. They want their legislation adapted to their habits of enterprise, industry, and independence. There is no want of proneness in our people to indulge in extravagance and lux¬ ury, whenever they are able to do so, and often when they are not. Give them the ability to purchase articles yielding revenue, and they will as¬ suredly purchase them. Every one must have witnessed this in his own neighborhood. I have myself known a family suffering from want, desi¬ rous of employment, but obtaining none, and, consequently, having very little ability to consume. Since the revival of manufacturing industry, un¬ der the act of 1842, they have obtained employment at reasonable prices. Their condition is greatly improved ; they live better, consume more, clothe better, and partake of luxuries even wholly unattainable by them before. They buy imported articles, and pay revenue, very far beyond what they ever did before. They were in indigence and want; now they obtain comfort and competence. Who does not see that not only are they vastly bet¬ ter off, taxed and oppressed as they are, but that the revenue is improved by the change in their condition. Oppressively taxed ! No, sir; they are relieved from the oppression and taxation of wretched poverty, and what is true of them, is true of thousands of others. Thousands are lifted up to become consumers, and to pay revenue, to add to your imports, to increase your commerce, who were in want and penury before. What relief would it have been to them to reduce duties? They had no means of purchas¬ ing, even at the lowest prices. They could pay no revenue, for they had 16 nothing to pay with. But, having given them employment, you have given them real, substantial, enduring relief. These are the discrimina¬ tions, therefore, which I would make, not only for revenue, but for the benefit of the poor; by rewarding, promoting, fostering their industry, and not by prostrating it, whereby their ability to pay duties is destroyed, and \ penury is inflicted upon them. The next topic which the honorable Senator discussed, was the bearing of the act of 1S42 upon the commerce of the country. He spoke ofcommerce as rapidly declining. One-half of it had already been destroyed,and the other half was destined speedily to follow. The honorable Senator undoubtedly had reference to foreign commerce, and spoke very justly and very elo¬ quently of its value as a bond of harmony, a means of civilization and Christianity, among nations. I agree to all he has said upon that sub¬ ject. But the question is, whether there is any danger that the com¬ merce, which effects such desirable results, is to be destroyed or impaired ? None, whatever, in my judgment; especially if the act of 1842 is permit¬ ted to remain unmolested. Leave it to work out all the good it is calcu¬ lated to do, and there will be no occasion to mourn over the decay of our loreign commerce. Much that I have already said in regard to the reve¬ nue, is also an answer to this portion of the Senator's argument. But, before answering it further, allow me to ask, is there no other commerce but foreign commerce ? Does our internal commerce deserve no encomium as a bond of union and of harmony—as the promoter ofcivilizationand religion among our¬ selves ? Our foreign commerce,exports and importstogether,amount to about two bund red millionsannually. The value of our internal commercecan hard¬ ly be estimated with accuracy. We know, however, that it employs a larger amount of shipping than does the foreign, besides the vast transport¬ ation on the turnpikes and railroads, and by boats on the canals and rivers, not appearing in the statistics of navigation ; all of which are in active em¬ ployment, from one extremity of the Union to the other. Is all this of no account? Probably the internal commerce of the country is not far short of one thousand millions, and much of it greatly dependent on the policy of fostering our own labor, and exchanging with each other the products of our own industry. Does the Senator from South Carolina see in all this, nothing worthy of securing and protecting ? He speaks of the importance of strengthening our bonds of amity and peace with other nations, by a sedulous cultiva¬ tion of foreign commerce. Is it of no importance to strengthen the bonds of our Union, our domestic ties, our harmony, by the cultivation and ex¬ tension of our domestic commerce? How can we better do it than by an interchange of our various commodities and productions between the re¬ mote extremities of this extended Union ? It seems to me that this is an exceedingly desirable object. It seems to me as desirable to cultivate the relations of amity and peace, and mutual interest and mutual dependence, among ourselves, as to enlarge foreign commerce, for the sake of keeping the peace of the world. But the Senator says the act of 1842 has struck down one-half of the foreign commerce of the country. Where is the evidence of this? From what quarter do we hear any complaint upon the subject? From our import¬ ing merchants ? From our shipping interests ? From our extensive mer¬ cantile houses ? Not one of these. If half the commerce of the country has been lost, surely we should hear something about it from those most interested in its preservation. So far from tint, we hear of directly the reverse. We hear of renewed enterprise in trade with other countries—of new ships being built—of improving freights—of great activity in com- 17 mercial pursuits. I am aware that a memorial was presented to the Senate, some days ago, from a number of importers of hardware, and iron manufactures, in the city of New York, representing that the rate of duty upon the articles in which they deal is very high, and complaining of a falling off in their business. This may, perhaps, be true. That their pro¬ fits have greatly declined, I do not doubt. Whether the country has suf¬ fered, or will sutler, from that cause, remains to be seen. An honorable member of the other House (Mr. Irving, of Pennsylvania) has since then forwarded a copy of that memorial to New York, and also to Philadelphia, and has received replies, for the use of which I am greatly indebted to him. From New York, he has received a counter memorial much more nu¬ merously signed, and by highly respectable persons, which I will read. It is in these words: " Your memorialists, merchants and others, of the cirty, county, and State of New York, respectfully represent, that having been several years engaged in business in this city, and having had abundant opportunity to observe the relative advantages of the present tariff, as passed by the last Congress, do fully and 'decidedly testify to the great advantages the people as a whole are reaping from its effects. The market has arisen from its de¬ pression—manufacturers are being employed. A decided preference is being given to American goods, many of which are cheaper and better than the foreign goods formerly sold here, and a healthy state of feeling is prevalent. That the opposers to our tariff are chiefly foreigners, importers, and the like, and with whom patriotism and the general good of our country are apparently lost sight of by personal interests. " Your memorialists ardently pray that the tariff may be permitted to remain as it now stands, and that this community may not be subject to the disappointment and derangement of business consequent on such a change." The memorial, it will be observed, does not say any thing in regard to particular articles, as does that to which it is a reply, but speaks in general of the operations of the act. The signatures to it were obtained, as I learn, in one or two streets, in a space of two hours, and there was no time or opportunity to enter into details. But the memorial from Phil¬ adelphia, is more specific, showing most conclusively the fallacy of the statements in that to which I first alluded, and especially in regard to the effect of the act of 1842 upon the prices of the articles named. It is evident, from these papers, that the profit upon the importation of these articles has hitherto been very large. Since the act, these profits have been very greatly reduced, and it is little to be wondered at, that complaint should now be made by those who are affected by such reduction. The prices of these articles have very much declined. Gentlemen seem to sup¬ pose that foreign commodities, when imported, are sold at the lowest cost and charges. But this is not so. They are sold for the highest price which the importer can obtain for them, and that price is regulated by the supply of the article in the market, and the demand which exists for it. Profits, and often enormous profits, are made. The memorials which 1 have referred to, show that the reduction in price has been chiefly effect¬ ed by the diminution of these profits. [Mr. Woodbury asked if the signers to the memorials were not employed in the sale of the American articles, a3 commission merchants, or con¬ signees.] How that is I do not know. Probably in some instances such is the 2 18 case ; but that only gives credit to their statements, because it shows they have a full knowledge of the matter on which they speak. The me¬ morial of the hardware dealers in New York is the only evidence of which I have any knowledge, to which the honorable Senator could appeal to sustain his position, that the act of 1842 had destroyed one-half of the commerce of the country. He, said to be sure, that the imports last year were only forty millions in value. Not so. The amount for the year end¬ ing September 30, 1S43, was over eighty-eight millions. The Senator probably intended to speak only of the amount dutiable ; but they amount¬ ed to forty-eight millions, instead of forty, as he supposed. [Mr. McDuffie. Eight millions were re-exported, leaving only forty paying duty.] That is so. Such is the course of business. A portion of every year's import is and ever has been re-exported. But that does not alter the case ; we go by comparison. The total imports, last year, were eighty-eight or eighty-nine millions, only ten or twelve per cent, short of a fair average of several years. This falling off may in part be accounted for by the decline in prices generally. Our tables are made up on values, and not on quan¬ tities. If we had a table of quantity, who knows how it would compare with former years ? Our imports have lately exceeded one hundred millions in value annually, and in some years of high prices and enormous specula¬ tions have gone up to one hundred and sixty or one hundred and seventy mil¬ lions. Every body knows the consequences. Embarrassment, bankruptcy, and universal distress, followed. The honorable Senator from New Hampshire, (Mr. Woodbury,) when he presided over the Treasury Department, attributed, in one of his annual reports, much of the distress of the country to those excessive importations. In the present state of affairs it is not desirable—indeed it would be at¬ tended with danger—if our imports should much exceed one hundred mil¬ lions. Any thing much beyond that—possibly one hundred and twenty might be borne—should not be regarded as a sign of prosperity, but as a dangerous stimulant, beyond the ability of the country to consume. The imports will of themselves naturally increase with our population and ability to consume, and beyond that they ought not to be expected or desired to increase. I do not know that there is reason to expect any very considerable im¬ provement in the condition of the people of Europe as consumers of our exports. It is their improved capacity to consume our productions that we are to depend upon tor an augmentation of our exports, and not upon an excessive importation of their productions which we are in some way to pay for. If our exports, then, are not likely to be much increased, from any im¬ provement in the ability of other nations to consume them, there seems to me no sufficient reason to expect an import much exceeding one hundred millions annually. Any inducement to import more than that will be a stimulus to import more than we can well pay for, and must be followed by embarrassment and distress. The honorable Senator, however, supposes that this amount may be much increased, and would be increased, if our duties upon imports were less. High duties, he argues, prevent imports. Our past experience does not confirm this position. The report of the Secretary of the Treasury, submitted at the commencement of this session, contains a table of imports in each year, running back to 1821, divided into several periods, separated from each other by alterations, in the rate of duties from that table it appears that the amount of dutiable imports from 1821 19 to 1824* inclusive, was 8264,960,000, being an average of sixty-six millions annually. The average rate of duty during that term, was about thirty- four per cent., yielding a revenue of over ninety millions. Since that time our population has nearly doubled, having increased about eighty per cent, adding as many more to the consumers of foreign productions. Can it be doubted, then, that we are now able to import an equal amount, under nearly an equal rate of duty, and yielding sufficient revenue ? But that is not the point I am now considering. I am examining the question, whether an in¬ crease of duties tends to the destruction of commerce or not. In 1824 a new tariff act was passed, increasing duties to an average of thirty-eight per cent.; and, in the four years next following, the imports of dutiable goods amounted to $301,550,000, being an average of over seventy-five millions a year. Thus, notwithstanding the enhanced duties, there was a considerable increase of imports. Then came another change in the tariff, and duties were increased to average about forty-one per cent., and the amount of imports for the four following years was $297,330,000, an ave¬ rage of $74,330,000—very nearly the average of the preceding period. Then comes a period of nine years, 1S33 to 1841 inclusive, during which the average rate of duty was about thirty-one per cent., being a considerable | reduction from that of the preceding period. Did the imports increase in consequence of this reduction, or did they increase at all from any cause ? Population had increased, and it will be recollected, also, that during this period, imports were much enlarged by extravagant speculations—by a re¬ dundant currency, and by vast loans contracted abroad, much of which came to us in foreign manufactures. The aggregate of dutiable imports for this period was six hundred and thirty-one millions, giving an average of only seventy-one millions annually against seventy-four millions, when du¬ ties were ten per cent, higher. If the imports of 1835, 1836, and 1S37, had i not, from the causes stated, been swelled far beyond the natural wants of the country, and our capacity to buy, the average would have sunk down to nearly sixty millions. Then comes the year 1842, when the average rate of duty was about twenty-three per cent., quite low enough, I am sure, to satisfy the honorable Senator, and to test his theory, that as duties de¬ cline, imports increase. The imports of that year amounted to sixty-nine millions, falling off two millions from the average of the preceding nine years—and less by five millions than the average of the period (1828 to 1832) when duties were forty-one per cent., a rate nearly double. Con¬ sumers, too, had increased about forty per cent., and still, with increased con¬ sumers and diminished duties, importsdeclined. If there is any inference to be drawn from these facts, it certainly is, that the honorable Senator's doctrine is not well founded. Our experience is altogether against it. If the Senator relies on a comparison of the two years 1S42 and 1843, he will find his theory equally unfortunate—the facts will not bear out his arguments. For, although there was a falling off of something like 29 per cent, in dutiable goods, was there not also a falling off in free goods ? It will not be contended that the act of 1842 had any effect on free goods, and yet they fell off something like 36 per cent. There was a very large dif¬ ference in the imports of the two years, I admit. The dutiable imports were, for 1842, 69£ millions, and for 1S43, 48-J millions, a falling off of nearly 29 per cent, How was that occasioned ? Not by the act, but for the reasons 1 have already explained. The same causes operated on the free goods, and still more disastrously. They fell off 34 per cent. It is admitted the act of 1842 could not have any such operation on them. Indeed, the effect is directly otherwise; for it generally happens, that when you increase 20 duties, or enact any other law which tends to keep out a portion of dutia¬ ble goods, the importation of free goods increases: that is to say, the capital and shipping before employed in importing and transporting dutia¬ ble goods will be likely to be diverted to a commerce in free goods. But no such result has been experienced since the act of 1842, which shows, as fully as any argument can show, that to whatever this diminution may be owing, it is not to that act. The same cause has operated as well on duti¬ able as on free goods, and that was, the agitation of the subject so long in 1842, and the uncertainty of the action of Congress in relation to it, at the time orders for importation's in the ordinary way would have gone abroad. But, sir, I perceive that I weary the Senate with these dry details, and I will proceed to other considerations presented by the honorable Senator. [The hour being late, Mr. Evans here gave way for a motion to adjourn ; and the next day, tho debate being resumed, Mr. Evans continued his remarks as follows :] Mr. President : 1 concluded yesterday the observations which 1 intended to submit to the Senate on two or three of the topics which the Senator from South Carolina introduced into this discussion ; and endea¬ vored, as far as I was able, to rescue the act of 1842 from the imputations which he had thrown upon it, of having destroyed the revenue of the Government and the commerce of the country. I will now proceed to some other matters discussed by him, and to his other grounds of hostility to the policy of that act. The first to which I will advert is, the effect which the Senator attri¬ butes to it, of increasing the burdens upon the people of the country, add¬ ing largely to their taxes, and operating onerously and oppressively on all classes and sections. What are these heavy burdens to which the Sen¬ ator refers? He states them in this way : If you impose a duty of 40 per cent.—which he supposes this act does, though it does not—you raise on ten millions of imports, four millions of revenue. So far, I agree with him. But the burden, he says, does not stop here. The ten millions which you import meet forty millions (as he supposes) of your own arti¬ cles of similar character in the market. As the ten millions imported are advanced in cost to the consumer four millions, by the duty levied upon them, so he supposes the forty millions will be advanced in the same pro¬ portion—that is, to lifty-six millions—throwing a burden on the consumer of sixteen millions, without any benefit to the revenue. The honorable Sen¬ ator assumes the manufactures of this county to amount to one hundred and sixty millions—one-half of which are thus enhanced in price ; and he supposes that, on a fair revenue rate of duty, the imports would be in¬ creased forty millions, and domestic manufactures would decline to one hundred and twenty millions. Now, sir, the whole of this argument rests entirely on the idea, that, if you impose a duty, be it what it may, on the importation of foreign mer¬ chandise, it will necessarily raise the price in the market of this country, precisely in proportion to the duty you add ; and not only will it raise the price of the imported article, but, it will bring up to its standard of price every other article of similar character in the market. In the first place, sir, all our experience is against the argument. In no instance where duties have been advanced, has there been any considera¬ ble rise in the price of these articles, much less on the domestic articles in competition with them, Generally speaking, the price has declined. This is experience, and it has been uniform; but it is against the theory of the honorable Senator—and he says, it can't be so ! The fact he cannot con- 21 trovert; but he denies that it is the consequence of the duty, and holds to his theory, insisting that it is most unreasonable to suppose that if you add any thing to the cost of delivering an article in our market, you do not add to the price it will sell for. The theory, and the argument which supports it, might do very well, if there was to be no competition in the market; and if, in the second place, the foreign manufacturer would consent at all times to sell at the lowest price of cost and charges. But do we not know, that it never happens that the imported article has the market exclusively to itself; and in the next place, that the foreign article, whether free or dutiable, is never sold merely for the cost of production and delivery ? That is not the rule which governs prices. Is there no such thing as profits ? Are there no losses in commercial operations ? What proportion of the price of commodities paid by the consumer, goes to the score of profits, is not possible to as¬ certain. No inconsiderable part, in all probability. Now, what is the great, the invariable law which regulates prices ? Is it not the relation be¬ tween supply and demand ? If the market be fully supplied, and the de¬ mand be limited, do not prices decline, without any regard whatever, or scarcely any, to the cost of production? If the demand be great, and the supply small, do not prices rise higher and higher, without the slightest reference to the cost of the commodity ? In the one case, losses are sus¬ tained—in the other, profits accumulate. If we rely upon foreign manu¬ facturers, and upon importers for the supply of our wants, are they not astute enough always to keep this relation between supply and demand so nicely adjusted as that prices shall not decline ?—that profits shall not fail ? Prices will be left pretty much at their control. Is it consistent with our experience, with our knowledge of human nature, to expect that they will furnish us at the mere cost of production ? The addition of four mil¬ lions, in the shape of duties levied, to ten millions of imports, does not therefore, necessarily increase the price of the ten to fourteen mil¬ lions. That depends altogether upon whether there is demand sufficient to take them up at that price. If there is, they may go up. If not, they will not, and if there be an overstocked market they may sink even below ten millions. We have a single fact, illustrating the effect of additional du¬ ties upon prices, in the article of crockery ware, directly in the face of the honorable Senator's argument. This article is sold by a scale of prices established as long ago as 1814, which has never been altered, but sales are made at an established discount from it. The rate of discount prior to the act of 1842 was 45 per cent. Immediately after that act passed, it was changed to 50 per cent. The act raised the duty from 20 per cent, to 30. Now, how stands the matter in regard to price ? Before the act—Invoice at the scale of 1814 ... §100 Discount off------ - 45 Cost in England - 55 Duty 20 per cent. ----- - 11 Cost here 66 Since—Invoice as before §100 Discount 50 per cent 50 Cost in England ------- - 50 Duty 30 per cent. 15 Cost here -------- - 65 22 Showing an absolute diminution of the cost in our market, of about 2 per cent., one dollar on fifty, although you have added 10 per cent. tO' the duty, and four dollars to the revenue. The cost to the consumer has been diminished, by diminishing the profits of the manufacturer. The importer, in order to carry on his business, must also reduce his pro¬ fits, and in this way it is that an increase of duties does not add to the cost, but may reduce it. This is an illustration, but it is a fact also, and is true of a great many articles besides. It explains the mystery which perplexes gentlemen so much—how an increase of duties can di¬ minish prices. If we depend mainly upon foreign producers for the supply of our essential wants, will they not take care to obtain the largest remunera¬ tion for their labor ? They may, indeed, sometimes find it good policy to* sell at the lowest rates, and below even the cost of production. When¬ ever their supply outruns the demand for home consumption, inas¬ much as by far the larger portion of their products is consumed at home, the price of the whole naturally declines. It is then of the first importance to ship the surplus to other nations, and to dispose of it for whatever may be obtained. By sacrificing a small part of their pro¬ ductions, they keep the larger part from sinking. They run up the price at home, by diminishing the stock in the market, and thus indemnify themselves for losses sustained abroad. This every merchant and manu¬ facturer in England well understands. They watch the course of business and the state of trade assiduously, and they take care, having the chief control of the markets of the world, that prices shall not decline. The consequence of such dependence on our part, is, at one time a scarcity and high prices, and at another an excess and low prices—sometimes stag¬ nation in trade and commerce, sometimes speculations and excitements, and at all times, uncertainty. What our country most wants is uniform¬ ity, stability, regularity ; and this is one of the benefits derived, and to be still more enhanced, from the policy of protecting our own manufac¬ tures. What effect on prices abroad does the honorable Senator suppose an additional demand for forty millions would produce ? He desires to import forty millions more. What would be the inevitable effect ? Most unquestionably, a rise in the foreign price. Open a new market to that extent, which is about one-fifth of the whole exports of manufactures from England, and you will add 20 or 25 per cent, to the present demand for exportation, and of course to the price. This matter of price is very elastic. A light weight sinks it below the level which the additional burden would naturally occasion ; and the removal of the pressure gives it an up¬ ward spring beyond what it would otherwise have reached. These things, indeed, correct themselves in time. A year or two ago, when addressing the Senate upon this subject, I read an original letter from a manufacturer of iron in England, to his correspondent in this country—complaining among other things of the extremely low price of iron there. He said the business was then conducted at a ruinously low rate ; and they were look¬ ing with anxiety for an alteration of our tariff, and a reduction of the du¬ ty, in the confident expectation that the demand would increase, and pri¬ ces rise. The honorable Senator himself argues upon the same principle. What does he desire ? To increase the demand for cotton abroad. For what purpose ? To enhance its price. He goes entirely upon the ground that by opening new markets for cotton abroad, or improving old ones,, cotton will rise. So it will. And, by the same reasoning, a new and lar- 23 ger demand here for foreign productions, will occasion a rise in the price of these productions abroad. If, then", prices rise abroad, how are our con¬ sumers benefited ? What is, and has been for some time, the great com¬ plaint of the tobacco growers of this country ? That foreign Governments impose heavy, very heavy duties upon the importation of that article into their territories. How does that injure them? It is largely in demand, and markets are found for all which can be grown. According to the Senator's argument, the duty imposed upon it adds exactly so much to its price abroad; and the removal of the duty would by just so much dimin¬ ish the price. Of what consequence, then, is it to the planter, whether the duty is on or off-—high or low ? No ; the truth is, if the duty were removed the demand abroad would very greatly increase, and prices here would rise in a corresponding degree. The tobacco planters of Virginia and Maryland understand this full well, and have been making, through our diplomatic agents, vigorous efforts to effect a reduction of the duties levied by most of the nations of Europe upon their productions. The act of 1S42 increased the duty on molasses. The immediate con¬ sequence was, the price of it in Cuba declined to a greater extent even than the additional duty imposed. I have been informed there was so little demand there for a time, that the manufacturers gave it away to any body who would furnish the casks and be at the expense of filling and removing them. The mere expectation that we were about to lay a duty of "two cents a pound on coffee, occasioned a fall of price in Rio, equal to that sum; and when Congress adjourned without im¬ posing the duty, it immediately rose again. Such is our experience in these matters; and there is nothing strange or mysterious or incompre¬ hensible about it. But the honorable Senator supposes that the effect of imposing a duty of 40 per cent, on ten millions of imports, is, to add to forty millions of do¬ mestic articles a similar rate of enhanced price; and that is the great grievance complained of. Well, sir, I must say—if I understand the state¬ ment—it strikes me as very singular. He supposes we have got forty millions of domestic articles already in the market, to which ten millions of foreign articles of the same description are also brought, and that if we impose four millions on the latter, making then fourteen millions, we also impose the same rate of addition on the forty millions, raising them at once to fifty-six millions—so. that the price of the original fifty millions, (forty domestic, and ten foreign,) will be raised to 870,000,000. Now, my theory on the matter would be this : If you have got forty millions of domestic goods in the market, they have a certain value, the price for which they can be sold, depending on the law of supply and* de¬ mand. If you have enough for the demand in forty millions, the price will be no more than a fair remuneration for the production, includ¬ ing cost, charges, and the average profits of the country. If the sup¬ ply is not enough, the price will certainly rise beyond that standard. What, then, will be the effect of adding ten millions to forty already on hand? If the forty millions were as much as the wants of the country required, you necessarily create a surplus in the market. You have fifty millions of productions, where forty were sufficient. The price must therefore inevitably decline. It matters not what it cost to bring the ten millions in. There they are, and there they are not wanted. The certain result is, that the price of the whole fifty millions, instead of rising up to seventy as is supposed, must sink nearly, perhaps quite, to forty. If, however, the forty millions were not adequate to the demand, and ten millions more 24 are brought into supply it, then, instead of advancing the price of the for¬ ty, the effect is to prevent the advance. The supply is now equal to the demand. The holders of the forty millions are deprived of the opportu¬ nity of raising the price at their own will, as they couid have done if the supply had been short. Burden your ten millions imported as you will, when they come into the market they keep down the price of the forty already there. They must sink to the level of that price, and cannot by possibility raise it. It would be an extraordinary fact indeed, if the addi¬ tion of ten millions to the stock already in the market, could enhance the price of the whole. What is the holder of the new supply to do with it ? He comes to sell. He seeks a market. Can he say to purchasers, these commodities, originally ten millions in value, have been raised to fourteen by the duty I have paid on them, and you must therefore pay me four¬ teen millions? They would answer at once, we can buy of our own pro¬ ducers the same quantity for ten millions,equally good—why should we pay you fourteen ? They would not purchase at all of him, until they could pur¬ chase as cheap or cheaper than elsewhere. Meanwhile, the holders of the forty millions perceive there is an addition of 20 per cent, to the supply in market. They are anxious to sell. They fear the effect of this increas¬ ed supply. More active competition takes place, and in order to secure the sale of their forty millions, they reduce prices. These things are of daily experience and daily observation. I have seen somewhere a good illustration of it in this way. Suppose there is a village in which there are nine stores, being sufficient for all the business of the place, and they rent for $100 each a year. A new one is erected, not wanted for the trade of the village. What is to be done with it ? It cannot be rented for $100, as the others have been. There is no use for it. The owner, wishing to have it rented, finally offers it for $90, and the occupant of one of the others takes it, thereby saving $10 in his rent. That leaves another vacant, which in like manner is rented for $90, and so on until the whole go down to $90. One falls to $80, and this process of reduction is continued until the rents get so low that one of the buildings can be better applied to some other purpose, or until a new dealer, stimulated by low rents, deems it ad¬ visable to open a new place of trade. So it is with merchandise. When¬ ever an increase of supply takes place greater than the increase of de¬ mand, prices fall, and continue to fall, until they reach so low a point that the increased consumption occasioned by their cheapness takes them all up. So much, sir, I have deemed it proper to say in answer to the argument of the Senator, that the effect of imposing duties on foreign imports, is to add an equal amount to the price of the domestic production ; and I suppose I shall be answered by the inquiry, if this be not so, why does the domestic manufacturer require any protection ? Why does he ask for higher duties, unless it be to increase the price of his fabrics ? Espe¬ cially if the tendency and the ultimate effect of high duties is to reduce prices, why does he desire them ? Is it any benefit to him ? Certainly it is; and in this way:—he obtains the supply of the market ; he sells his commodities in preference to the foreign manufacture; his goods are ta¬ ken for consumption when otherwise they would not be, except at prices for which they could not be afforded. Take for instance the coarse cotton cloths, upon which it is supposed our manufacturers need no protec¬ tion. They can furnish them at prices as low as foreign manufacturers can. Why, then, do they need protection ? Because foreign manufacturers can furnish them as low as they can ; and the question is, who shall do it ? Who shall have the profits of the manufacture ? Suppose the 25 consumption of the country requires 100,000 bales, or any other given quantity. We can supply the whole of it at a certain price, say five cents the yard. England can do it for the same. If our manufacturers send their 100,000 bales into market, and the English send their 100,000 also, it is evident you have double the quantity which is wanted. The price must decline to four cents or 3 cents a yard. It is a losing busi¬ ness as well to them as to us. Who can endure this state of things longest ? A country where labor is cheap or where it is dear ? Where money and capital abounds, or where it is comparatively scarce ? Where the rate of interest is 2 per cent., or where it is 6 or 7 per cent. ? The re¬ sult is inevitable. Our manufacturers cannot stand the competition, and must be destroyed. What happens then ? The foreign producer has the market exclusively to himself. Prices advance, and he takes good care to indemnify himself for the losses he has sustained, while engaged in the process of breaking down our establishments. Our laborers cannot stand the competition, unless they are content to live as the laborers of Europe live—poorly fed, poorly clad, in miserable habitations scantily fur¬ nished. This they will not do, and ought not to do. They have been ac¬ customed to partake more largely of the comforts, and in a moderate de¬ gree of the luxuries of civilized society ; and how is it to be expected that they can reduce the price of their labor to the level of those who have never enjoyed these advantages, and are contented to dispense with them? No, sir ; they cannot do it, and ought not to do it. I'hey ought not to be compelled to sell at less than fair remunerating prices. The effect of the competition, for a short period, I admit, would be to reduce prices very considerably—far below what either producer could afford. But is this just or desirable ? This effect is temporary. The ultimate one is to restore if not to enhance the original price. What our manufacturers desire, there¬ fore, is, the privilege of supplying the consumption of the country, not at exaggerated and inflated prices, but at prices as low as can be afforded by other nations. I have used the article of coarse cottons as an illustration. The same argument applies to other commodities, and, in¬ deed, to all others which we have the skill, capacity, and capital to manu¬ facture. But in regard to cotton goods, what would be the effect of ob¬ taining all our supplies from England, in another point of view ? The English fabric, I have said, can be afforded here as cheap, perhaps a little cheaper than our own. This is owing to the fact that it is an inferior arti¬ cle—made in part of a cheaper and inferior cotton, grown in India. Our fabrics are made of American cotton, of a dearer and better quality. If, then, you displace the American article, to make way for the foreign, you diminish to that extent the consumption of the American raw material. You not only employ foreign labor, to the exclusion of our own, but you employ it on a foreign grown material. Let us look now to the inevitable and final result of all this. The Senator says, our imports may be increased forty millions. He admits, however, that these forty millions are to take the place of forty millions of the man¬ ufactures of our own country. What are the American manufacturers, thus thrown out of employment, to do ? How are they to live ? What are they to turn to for subsistence ? Where is the capital liberated by the ope¬ ration, if you have not wholly destroyed it, to be employed ? But, above all, where is the labor to go ? I apprehend it would be very undesirable to employ it in raising cotton ; that would never do, as I shall attempt to show by and by. No, sir; it will be driven to increase the already exces¬ sive productions of agriculture, which are now so largely beyond the de- 26 rnand for them, that prices are exceedingly depressed. Agricultural pro¬ ducts are already abundant. We need more and better markets, and not more producers. Nothing, in my mind, unless it be opening such markets, would more improve the agriculture of our country, than the diversion of a portion of the labor now employed in it, to other pursuits. Who is to consume the additional forty millions of imports? Those who had previously consumed the same amount of American production ? How are they to pay for them ? A large number of laborers have been thrown out of employment; their consumption must, of course, greatly dimmish. The farmer, who formerly supplied them, has lost the market for his pro¬ ducts. He must diminish his consumption. There is a surplus of labor thrown upon the country ; wages must fall; idleness will prevail; poverty must increase. Is it not evident that your forty millions cannot be con¬ sumed by those who consumed before, because they cannot pay for them ? The honorable Senator urges us to import forty millions more, because, he says, it adds so much to the ability of Europe to take and consume our cot¬ ton. That is to say, increase the comfort, the capacity, the wealth, the means of buying, of the foreign manufacturer, though you thereby dimin¬ ish those of your own citizens. The honorable Senator signifies his dissent to this statement. He does not seem to admit it as a just consequence of his argument. But how does the matter stand ? We now employ a cer¬ tain number of our own countrymen in manufactures. This gives them the means of living and of consuming foreign and domestic articles. A por¬ tion of these means is employed in the consumption of cotton goods, made of American cotton. So far as this consumption goes, it promotes the growth of American cotton. Now, the honorable Senator says, import forty millions more from abroad, and foreigners will take forty millions more of our cotton to pay for it. He supposes that all their increased capacity to consume will be exhausted in the consumption of cotton. But is this so ? A very small part of the consumption of any people is composed of cotton fabrics. Look to the manufacturers of England, whom the honorable Sen¬ ator proposes to employ. How will they expend the additional wages which they earn in manufacturing forty millions more ? In wearing cotton fab¬ rics ? No, sir. A very large part of their wages is expended in the means of living—in purchasing the agricultural products of England. The ne¬ cessity for consuming cotton is comparatively small. Wearing apparel is the least of their expenses. They are not going to spend all their wages on cotton or cotton goods, but in buying more of the necessaries of life produced by their own soil, such as grain and meat, and every species of food, or in ar¬ ticles brought from other countries—coffee, tea, sugar, and wines. Employ them, and you undoubtedly enable them to live better, have better habita¬ tions and clothing, and to become consumers, to a larger extent, of their own agricultural products: but you do it at the expense of our own laborers, who are thereby thrown out of employment. Those now engaged in man¬ ufacturing these forty millions for home consumption, would be impover¬ ished for the benefit of laborers abroad ; adding very little to the ability of the latter to become consumers of our raw cotion, but very much to their means of buying the productions of their own country. All the advantage would inure to the foreign manufacturers and laborers, and not to the cot¬ ton planters, as the Senator from South Carolina imagines. The honorable Senator does not seem to contemplate the extent to which this destruction of American labor would be carried. He speaks of a few manufacturers as the only persons interested. He confines himself to the owners of buildings and machinery, and of the capital employed, as if they • 27 alone reaped the benefit of the home market, and of the protective policy j. as if the laborers in their employment share no part of its advantages and blessings. The Senator appeals to the enormous profits supposed to be made by them, and denounces them as plunderers and monopo¬ lists. The tendency of this, I am aware, is to stir up prejudice and resent¬ ment against capitalists, and against manufacturing establishments. It is the old and stale harangue of taxing the many for the benefit of the few. All this is grossly faliacions. Is there nobody but the few wealthy capitalists interested in this policy ? How can capital earn any thing except by giv¬ ing employment to labor ? How many hundreds and thousands of per¬ sons do these capitalists employ in conducting their operations ? From the time the first spade is struck into the earth, from the moment the first brick is made, to the time when the finished fabric is sold, it is all labor—labor, which would otherwise want employment. How many agriculturists are engaged in raising food for these laborers? How many machinists, in their vocation ? How many seamen and cartmen, in transportation? But besides the numbers employed in large incorporated manufacturing estab¬ lishments, how many thousands and tens of thousands are at work in their houses and ahops, in fabricating articles which would otherwise be sup¬ plied from abroad ? The workers in iron, and copper, and brass, and the other metals ; the makers of nails, and scythes, and cutlery of every de¬ scription ; the manufacturers of hats, and shoes, and clothes, and harnesses, and of all the articles connected with them ; of buttons, and buckles, and' of the innumerable variety of commodities which enter into daily con¬ sumption : all these compose a vast multitude who are interested in this policy. Go into into the great cities—New York, Philadelphia, Boston, Baltimore—great as they are as commercial emporia, they are also great, if not greater, regarding the numbers employed, as manufacturing cities. Visit the shops of the artisans in all the various trades ; see industry busy at the bench, and the vice, and the anvil; see the lathe in motion, and hear the sound of the hammer, ringing from sun to sun. Are these the wealthy few, whom alone this policy is designed to favor ? Are the widowed seam¬ stresses the aristocratic capitalists, against whom popular odium is to be excited? Are the hardy miners of the hills of Pennsylvania in the same category ? Now, sir, these are plain, and palpable, and speaking facts. The bene¬ fit of this policy is not for the few, but for the many. It puts labor in mo¬ tion. It employs the many. What is most wanted and most necessary for a nation ambitious of attaining power, and wealth, and happiness, is profitable employment for its people. Whatever nation furnishes this, will have no occasion to seek out modes of relieving their burdens, for they have no burdens which they cannot easily sustain. Contentment and har¬ mony will prevail; the laws will be respected, and Government will be felt only in the blessings it dispenses. I wish to say a single word, Mr. President, in regard to the excessive profits which the honorable Senator supposes some of the cotton manufac¬ turing establishments have realized. He says they are making dividends of 30 or 40 per cent, upon their capital? Where does the Senator obtain his information ? On what data does he make his calculation ? The cen¬ sus statistics, which he used as the ground of his computations, are known to be quite imperfect. Without very minute knowledge upon this matter, I nevertheless venture to affirm, that the profits of the capital invested in cotton manufactures, from the commencement to this time, has not aver¬ aged six per cent. 28 [Mr. McDuffie asked what they were now.] 1 cannot certainly inform the Senator; but I am assured that, all together, they will not average twelve per cent.; some may be more, many are less. The honorable Senator falls into errors by adopting newspaper statements, without examining or tracing out the circumstances, or the causes of what seems to be an excessive profit, and then supposing it to be applicable to all institutions of the kind. There are various reasons why, in particular cases, there should be a high dividend. Some of these establishments have suffered severe losses—to the extent, perhaps of half their capital—and have declared dividends upon their reduced capital, instead of reserving them to restore the losses. What, in such cases, appears to be a dividend of twelve per cent., is, in reality, but a dividend of six per cent, on the original in¬ vestment. In some cases, manufacturing corporations have wholly failed; and their buildings, machinery, and fixtures, have been sold at an enor¬ mous sacrifice—perhaps for one-quarter of the original cost. The new purchaser makes dividends upon the capital which he has invested ; and if he has made a favorable investment, his dividends may be large; but that arises not because the profits of the business are ordinarily large, but be¬ cause he has been fortunate in obtaining a valuable privilege at a small cost. The idea that capital, in any branch of business in this country, can realize thirty or forty per cent., for any length of time, when the ordinary profits of every other pursuit is far below that, is preposterous. Capital is always seeking the most profitable investments ; and if any one employ ment is so much more lucrative than all others, it would be immediate¬ ly crowded with capital withdrawn from other pursuits, until an equality should be restored. It may sometimes happen, under peculiar circum¬ stances, that a manufacturing company will realize large profits, and make great dividends. For instance : if it should purchase a large supply of the raw material, when the price was low, and subsequently, from an increased demand, it should largely appreciate, occasioning, of course, an advance in the price of the manufactured fabric. The profit, in such a case, is made by the manufacturer, not because he is a manufacturer, not by the process of manufacturing, but by the rise of the cotton on his hands, precisely as the planter or the merchant would have made it, if he had kept the cotton until the rise occurred. This is no part of the profit of manufacturing. It more nearly resembles the profits of the merchant or the speculator. In such cases, is it reasonable to infer that all other manufacturers, not of cot¬ ton merely, but of wool and iron, are making excessive profits also ? Is the business of manufacturing to be judged of by that standard ? Are all to be judged by the good fortune of one ? Nothing could be more unrea¬ sonable or erroneous. Then, sir, I repeat, there has been no such enor¬ mous profit in manufacturing operations, generally, not even in cottons, as the honorable Senator has assumed. Manufacturing stock is, perhaps, at this moment, rather advancing in the market; but that is no proof of ex¬ cessive profits. Other descriptions of property are rising also. Money is plenty, interest low. Capitalists are seeking opportunities of investments. The natural consequence is, that prices of slocks of all sorts, of real estate, and of property generally, yielding income, rises. I repeat, sir, it is wholly out of the question, that the cotton manufactures, or any investments in any other business, can yield, for any length of time, a profit of thirty or forty per cent., unless that be the average rate in other employments also. While, as I have already said, I do not believe that, from the commence¬ ment of the cotton manufacture in this country, it has yielded an average of six per cent., less, I believe, than the average profits of commerce, I am 29 very sure that, in other branches of manufacture, much less still has been derived. How is it with woollens? The profits there, we know, have been very low ; great losses have been sustained, and the stock has been generally far under par. In the iron business, the Senator from Pennsyl¬ vania (Mr. Buchanan) has told us that many of the furnaces have ceased operations. With plain and conclusive facts like these before us, with what justice or propriety can the act of 1842 be stigmatized as an act to legalize plun¬ der and oppression ; or the policy, as a policy to enrich the manufacturer and the capitalist at the expense of the laborer ? These are charges, sir, easily made, but they are not sustained, and cannot be sustained, by any proof drawn from experience, or the practical operation of the system. The views which I have already presented, are strengthened and con¬ firmed by reference to the commercial and manufacturing statistics of Great: Britain. The honorable Senator supposes that Great Britain will consume forty millions more of American cotton, if the United States will open a market for an equal amount of her manufactured productions : that is to say, if we will increase her manufactures forty millions, she will take the whole payment for it in one article, and that, cotton. Let us see whether this is probable. The total produce of the manufactures of the Kingdom, as stated by Spackman, for 1841, was 42173,136,316, equal to about gS65,000,000. This is probably a fair average of a series of years. Of this amount, fifty- two millions sterling, about two hundred and sixty millions of dollars, were in manufactures of cotton. Are gentlemen aware of the large propor¬ tion of these manufactures which England consumes at home? Of the eight hundred and sixty-five millions produced, six hundred and thirty- millions were consumed in the Kingdom, and only two hundred and thirty five millions exported to foreign places, her vast colonial possessions in¬ cluded. Of the two hundred and sixty millions of manufactures of cotton, she consumes one hundred and forty millions. Now, look at the amount of imports. The value of the whole, from all places, colonial and foreign, for the same period, is stated at 4264,377,962, equal to about $320,000,000. From our own commercial tables, it appears that the value of cotton export¬ ed to England that year, was about thirty-six millions of dollars, only eleven per cent, of the whole imports of Great Britain. We may state the proposition in various ways. The question is, what additional demand for cotton will an additional consumption of forty mil¬ lions in value, of British manufactures of all descriptions, occasion ? It will be noticed that the increased consumption of manufactures is not confined to manufactures of cotton, but extends to all kinds of commodities. If the eight hundred and sixty-five millions of manufactured productions require only thirty six millions worth of cotton, how much will forty millions more add ? Aboutamillion and two thirds,instead of forty millions,which the Senator ex¬ pects. But if we should receive the whole return in cotton fabrics, how would it stand ? If two hundredand sixty millions of manufactures consume thirty- six millions of cotton, how much would an additional forty millions re¬ quire ? About five millions. That is to say, in order to sell five millions more to her, we take forty millions more from her. We buy forty millions; she pays it by adding thirty-five millions of her labor to five millions of our labor. How long can we stand such a process as that ? But what is England to do with forty millions more of cotton; about double her pres¬ ent demand ? Can she double her domestic consumption of the man¬ ufactured fabrics? She consumes now one hundred and forty millions. Can •lie then consume two hundred and eighty millions ? Because we consume 30 forty millions more of her manufactures, can she consume one hundred and forty millions more ? Can she double her exports ? Do other na¬ tions require such an increase? Can they pay for it? Great Britain will not take forty millions more of the raw material, until she finds con¬ sumers for the additional mass of manufactures made from it—until she finds purchasers of five hundred and twenty millions, instead of two hundred and sixty. The raw cotton imported into England, appears to be about 11 percent of the whole imports. If England could export forty millions more, as the Senator desires she should, she could import forty mil¬ lions more undoubtedly, and would probably do so, but it would be in the same commodities and the same relative proportions in which she now im¬ ports, because her imports are according to the wants of the people. This would give an additional import of four millions and a half only of cotton. For the sake of selling four and a half millions of our productions, we must take forty millions of her productions. The balance must be paid in some other way—in somethingshe couldexchange with other nations,to meet the imports she would make from them; and if we have nothing else she wants, we must pay in money. Look at these facts in another point of view. Much as Great Britain manufactures for other nations, she manufactures more for herself. Of her cotton manufactures, we take ten millions, or nearly that, out of two hundred and sixty millions. Who does not see that the great solicitude of her manufacturers, must be to keep up prices at home ? If we are to depend mainly on her for our supply, when prices are high there, in her greatest and best market, we must pay high. When they are low, we shall be inundated with the surplus of her productions. Prices will be per¬ petually fluctuating. But, sirj I fear I have wearied the Senate by dwel¬ ling so long on this branch of the subject. To discuss it as it ought to be discussed, would require much more time than it would be preper for me under any circumstances, and especially now, to exact from the Senate ; and I proceed, therefore, to another topic. The Senator from South Carolina, attributes to the tariff an unequal and unjust operation on different sections of the country. He says: Wrhile it imposes burdens on the people of the whole country, it imposes them on the people of the South in an undue degree, and to such an un¬ equal extent that he cannot but look on this Government as more iniqui¬ tous, unjust, and disastrous, to that section of the Union, and to its com¬ merce, than all the pirates and plunderers that ever infested the ocean. Now, sir, the act of 1842, and the policy of which it is a part, can only affect the South in one of two ways. It can only operate inju¬ riously by enhancing the price of the articles they consume, or by di¬ minishing the price of those they sell. [Mr. McDuffie said, both.] The honorable Senator says both. I will endeavor to show the reverse—that it does not operate injuriously in either way. If the price of articles pur¬ chased has been enhanced, point us to the instance. When and where, and of what commodity, has this been the case ? Exhibit the proof. Show us the prices current. It is quite notorious that the great majority of im¬ ported merchandise has declined in price. Whether the act of 1S42 has occasioned it or not, in point of truth and fact a reduction in almost all articles of consumption, whether imported or made here, has since taken place. The grievance is not, therefore, in the enhanced price of commodities which the South has to buy. On the other hand, the price of the staple export of the South has also increased. I give the fact. Look at the price of last 31 year. A newspaper published at New Orleans has been handed to me this morning, giving the price current at this time, and in January last year: Thus it will be seen that on the inferior qualities, prices have advanced at New Orleans since last January, 75 or 80 per cent., on the middling qualities, 40 to 50 percent, and on the best 20 to 30. I have been informed that at this moment, some of the manufacturers in Massachusetts are pay¬ ing 50 per cent more than they paid last year; so that it will not be extra¬ ordinary if there should be a rise in the price of manufactured fabrics. I believe such an advance has actually taken place. If so, I hope it is not to be set down to the prohibitory character of the act, but to the true cause, the increase in the price of cotton. The same is true also, though no4 to so great an extent, in regard to tobacco. [Mr. E. read the prices at New Orleans, in January, 1843, and January, 1844.] The advance is small to be sure, but it is something—four or five per cent.; enough at all events to show there has been no such falling off as the honorable Senator supposes. Now, if these facts be so, and I do not see how they can be controverted, how can it be said that the act of 1S42 has been ruinous to the South ? They buy cheaper ; they sell dearer. Is that injurious ? The Senator no doubt will say, so far as this result has been brought about, it is very good; but it is not the consequence of your act; if that had not passed, we should have done better still; it has prevented us from buying still lower,and sell¬ ing still higher. That can never be known. It is a mere speculation. I must be allowed, however, very strongly to doubt it. The honorable Sena¬ tor's theory, to be sure, leads that way; but I know of no facts, no expe¬ rience, to justify such a conclusion. They are all the other way. The honorable Senator's great purpose is to increase the price of cotton, and to diminish the price of manufactures. These are what he de¬ sires. Does the honorable Senator suppose that if he can enhance the price of cotton, other things are not to rise also ? Are they to decline while cotton goes up ? In the first place, it is evident that manufactures of cotton must rise. The fabrics with which cotton manufactures come in competition will rise also ; woollens, silks, linens, and other manufactured articles. What does the honorable Senator gain by that ? He sells higher, but he pays higher. How is the consumer benefited ? In the honorable Senator's theory, these commodities are chiefly to come from abroad. Our own producers are to have none of the benefit of this improvement in prices, because if they supply the demand the additional forty millions will not be imported ; and if not imported, cotton will not advance. That is -to be effected only by increased importations, taking the place of domestic productions. The honorable Senator argues that the Southern States are the great exporting States, and hence that the burden falls upon them. He assumes that there is no difference between levying the duty upon the exported and the imported article ; in either case, it falls upon the exporter. I hardly •know whether it is worth while to stop to consider the argument that Prices of Jan.. 1843. Prices of Jan., 1844. Inferior Ordinary Middling Middling fail- Fair Good fair Good and line 4 to 7i to 7j 44 to 5 8 to 8J 5 to 5J to 8J 5J to 6j 9 to 9i 6 to6j 9J to 9| 6j to 7i 10i to 10J 8 to 9J ll| to — 32 the South is the great exporting section of the country. That it produces upon its soil, and beneath its genial skies, much the largest portion of our exported productions, I freely admit. It furnishes the articles of export, but who exports them ? At whose risk? For whose profit ? No incon¬ siderable proportion is purchased and paid for and exported by agents of foreign manufacturers and foreign houses themselves. If every bale is shipwrecked on the voyage, does the South lose it ? But I omit that matter. The honorable Senator says, practically the exports of the South pay the duties—that there is no difference between taxing the exports, and taxing the imports which are returned for them. Well, sir, if this be so, I do not know upon the Senator's own argument that there is any ground of com¬ plaint. He contends, as a universal principle, if a duty be levied upon any article, its price is raised exactly by that amount. What is it to the planter or the exporter, then, if you do levy a tax upon his export ? When it reaches Liverpool or Manchester, it goes into market enhanced in price. The purchaser pays the duty, and nobody but he can complain. So of the imports; if you levy a duty of forty per cent., according to the Senator, you enhance their price forty per cent. What can the im¬ porter complain of? Nobody but the person who purchases of the im¬ porter is taxed, if the honorable Senator's doctrine be sound. In other words, the burden falls on the consumer. If so, does the burden of our revenue fall on the South ? Do they consume beyond their proportion of the dutiable imports of the country ? Certainly not, sir ; and considering the character and wants of a considerable part of its population, proba¬ bly the South does not consume an equal proportion according to its num¬ bers. I admit, sir, if the South were the exporters of all that we send abroad, and were the importers ot all that we bring home, and were more¬ over the consumers of all that is imported, the burden would fall upon them, and it would make very little difference whether the revenue was raised by a duty on exports or on imports. There is still, however, some difference. The article upon which the duty is laid, goes to market burdened with that duty, and naturally sinks in price—and it is bet¬ ter that the article which you buy should sink, than that which you sell. If the honorable Senator exports cotton, and imports cloths in exchange, xt is far better for him to sell his cotton at prices not depressed by duties, and to purchase cloths which are thus depressed, than to sell low and pay high. It would be easy to illustrate the difference to the exporter, whether the duty is laid upon one or the other, but I have not time to pursue it. The question is, whether the South pays an undue proportion of the revenue derived from the customs. Let it be granted, if the Senator pleases, that the South does actually make all the imports. What becomes of them ? The South does not consume the whole. A large portion is sold and con¬ sumed in other sections. If then, by imposing duties on them, you add to their cost, as the Senator contends, when they are sold the South obtains full indemnity in the enhanced price which she receives. The Senator says, if he imports one hundred bales of merchandise, and you stop twenty of them at the custom-house for duties, you leave him but eighty for his consumption. So you do ; but if this eighty will sell for as much in the market as the one hundred would, where is the injury to him ? None, unless he intends to consume the whole himself ; in that case, his consump¬ tion will, of course, be diminished. But, the South does not consume the whole. The eighiy bales go to market, and, upon the Senator's own show¬ ing, are worth as much as the one hundred would have been. [Mr. McDuffie : We consume more than we import.] That may be so. So does every other section of the country. The foreign imports entering into the general consumption of the country, are a mere fraction of the whole. Do not the North and the West consume more than they import, and far beyond the value of all their exports ? If any such test as this be applied, it will be found that the South pays much less than its proportion of the revenue. The honorable Senator has said, that the imports, which are the returns of our exports, are as really and truly the products of American labor, as the same amount and description of articles which are manufactured in this country—and hence, that it is altogether a fallacious idea, that there is any competition between American labor and foreign labor in the pro¬ duction of them. There can be, he says, no competition between the manufacturers of Manchester and the manufacturers of Lowell. The competition takes place only when the foreign fabric has become Ameri¬ can property by being exchanged for American productions, and that it is a competition entirely between American labor employed in manu¬ factures and American labor employed in planting—between one kind of industry and another kind. This is more specious than solid. In order to obtain eighty bales of foreign merchandise, the honorable Senator is obliged to employ a considerable amount of foreign labor. He hires and pays the laborers of another country, instead of his own. It is true they take the fruits of his industry, which they want, in exchange. The operation is highly beneficial to them. But if he would obtain the same amount of American productions, in exchange for the fruits of his industry—if he would hire and pay American laborers for the same work, would he not benefit them instead of the foreigner? Is not the competition really be¬ tween the manufacturers of Lowell and the manufacturers of Manchester, who shall do the labor which is required, and who shall be paid for it ? If I employ a tailor in London to make my coat, or a boot maker in Paris to make my boots, instead of the mechanics of my own village, do I not# really and truly give them employment in preference to my neighbors ? Do they not feel the inconveniences of that preference ? I may answer them indeed, as the honorable Senator has answered—these clothes and boots are my own—the fruit of my own industry. They are really and truly- American productions, because they have been received in exchange for American productions—there is no competition, therefore, between you and the foreign mechanic. It is between you and me. They would be quite likely to reply to this: we do not dispute that the coat and the boots are your own property, but you hired strangers to make them instead of us. You paid them in articles which we needed for ourselves and our families, and should have been glad to have obtained in exchange for our work—we wanted the employment and the profits of it, but you have given it to others, and notwithstanding all you say, we cannot help feeling that it is foreign labor, and not American, which has come in competition with our own. I think, Mr. President, they would have rather the best of the argument. The honorable Senator, I will suppose, sends abroad one hundred bales of cotton to be manufactured, and the value of it is to be returned in the fabric which is made from it. Is he aware of the immense amount of hu¬ man labor which must be employed, before it is returned in the finished form ? It is increased in value ten fold, twenty fold, and in some instan¬ ces one hundred fold or more. Now, if the Senator, instead of sending it 3 34 in the raw state, had employed the laborers in his neighborhood in advanc¬ ing it only one stage in this process of increase—if he had hired it spun into yarn, and exported in that state, lie would have added greatly to its value—he would have incorporated with the value of the raw material, the value of the labor of hundreds of his neighbors, giving them employ¬ ment, remunerating them for their labor, enabling them to buy and con¬ sume more and better, instead of bestowing these advantages upon the la¬ borers of other nations, Between whom is thq competition ? Is it not be¬ tween the spinners in South Carolina, and the spinners in Manchester ? He exports the raw material, the very smallest part of the value of the manufactured article. It is returned, increased in value ten fold. His la¬ bor is but one-tenth, and foreign labor nine-tenths of its present value. If the work had been done at home instead of abroad, the whole would have been the produce of American labor, American spinning wheels, Ameri¬ can shuttles and looms, and the whole profit would have gone into Ameri¬ can pockets. Pray where is the competition ? Take another illustration. Suppose I am residing upon a farm. In order to gather my crops, I want to employ ten laborers in addition to those I have already. I can obtain them among my neighbors,01* I can obtain them abroad. I choose to em¬ ploy the foreigners. [Mr. McDuffie : Because you get them at half price.] Not so. The matter of price I have already considered. I employ the foreigners, pay them their wages,.which they carry home to expend in ad¬ vancing their comforts. In the mean time, my neighbors have been idle. They have earned nothing; and if they complain to me, I say to them, there has been no competition between your labor and foreign labor. These crops are my property, paid for by my industry, and the only competition is between you and me. If the foreigners have carried off my money, I have got their labor in exchange. I doubt whether they would be per¬ fectly satisfied, that they were just as well off as if they had done the la- Jror, and obtained the money, or that they would believe there was no com¬ petition when they were starving, and the foreigner was feasting. If there be no competition, why are foreign nations so anxious to do our work ? Is it not because it is valuable to them ? Does it not add to the comforts, the advantages, the gains of their laborers, and the wealth of the nation? But a word or two more in regard to the effect of the act of 1842 011 the price of cotton. How does that act diminish the demand for this staple, or, what is the same thing, the consumption of cotton fabrics in all the countries of the world ? The price of cotton, like every thing else, is governed by the demand which exists for the manufactured article, and the supply of the raw material. So far as the policy of that act promotes our own indus¬ try, and rewards our own laborers, it adds to their ability to consume, as I have already shown, and a portion of this increased capacity will be ex¬ ercised in the consumption of cotton. This country consumes already, I think, about one-quarter of all the production of the planting States—or nearly so. The annual product is about two millions of bales. [Mr. Sevier said, sometimes it has been 2,400,000 bales.] Perhaps so. The average, however, of a few years past, is not far from two millions. The exports last year were 1,600,000 bales. If the Sena¬ tor from Arkansas is right as to the quantity produced, it would leave for home consumption 800,000 bales, which is not probable. We probably consume from 400,000 to 500,000 bales—from one-fifth to one-quarter of the whole product. Now, the Senator from South Carolina proposes, instead of retaining this quantity to be manufactured here, to send it 35 abroad, to Liverpool and Manchester. What is to be the effect on prices there ? Does he not see that an export of 1,600,000 bales has very fully supplied, if not over supplied, the foreign demand ? Any considerable addition to that supply must inevitably reduce the price, unless the in¬ creased demand for the manufactured article keep pace with the supply. What has reduced the price in Liverpool so low at the last dates, but an over supply, and the expectation of a large crop in this country, yet to be receiv¬ ed there ? The price in New York is quite as high, and I believe higher, in fact, than it was in Liverpool at the last dates from England. Now, although they anticipated a crop of 1,800,000 bales only, yet they did not expect much increase in the price, from the fact that so large a supply was still on hand, equal to near four months' consumption. The stock in Liverpool in December, was 450,000 bales, against 230,000 bales, the corresponding period of the preceding year. If the honorable Senator wishes to raise the price of cotton in Europe, the best mode of doing so is to keep back a portion of the crops, instead of sending more. Let him diminish the supply there, and he will do something towards en¬ hancing the price. But if the honorable Senator should be successful, if •the price of cotton could be enhanced to what it was in 1835 and 1836, how is the South to be permanently benefited ? What will be the final result ? In the first place, production would be largely stimulated; price of lands and laborers would rise, as well as the prices of every thing else necessary in the cultivation of cotton. The planter might obtain more, but he would be compelled to pay more. He would buy his lands and negroes at greatly augmented prices. The excessive production would soon over sup ¬ ply the wants of the world, and rapid decline will be inevitable ; and while his productions are thus falling, he will be obliged to retain his lands and slaves at the aggravated price which he paid for them. His capital remains fixed. There can be no permanent benefit or security in increas¬ ing the price of cotton, unless at the same time you can increase the de¬ mand and consumption of the fabrics made from it; for unless these be in¬ creased, any advance in it will be temporary, and will be followed by a disastrous decline. The honofable Senator says that all the South desires in this matter is,' to be let alone ; to be allowed to manage their own affairs, in their own way ; to seek their natural markets, and carry on their natural trade, un¬ obstructed. However desirable that may be to the South, whether fortu¬ nately or unfortunately for her, it cannot be done. That is not the basis upon which South Carolina, arid the other States composing this Union, erected this General Government as one Government, and established this Constitution as one Constitution, for the whole. South Carolina has shar¬ ed largely in the securities of this Constitution, and participated in no small degree in shaping the policy which the Government has pursued. Sir, it is too late now to repine; she cannot be let alone, to pursue her own separate policy, in relation to matters which she has confided to the Gen¬ eral Government. The very object and purpose of forming this Constitu¬ tion was, that no State should be left alone to pursue a system of meas¬ ures injurious to other States. She came into the Union for weal or for woe. She came into it to share in the administration of the Government of the whole Union. She has that right; but she must submit to the re¬ straint, voluntarily assumed, as others submit,also, for the common good. The interests of the whole are leagued ; and the stability, the happiness, and the renown of each are interwoven with those of the others. The establishment of this Government was with a view to prevent the very thing which the Senator sayshe seeks to accomplish. Itwas to preventthat State,oranyother 36 State, from admitting foreign commodities on terms different from the other States. It was to establish one uniform policy, one system, one regulation of trade, binding on the whole. The want of this general controlling power, had been attended with the most mischievous consequences. Therefore it was, sir, that no State was to be left alone, as the honorable Senator now desires. Great Britain, at that day, was not regarded as the natural mar¬ ket of South Carolina. A very different feeling then existed in the bosoms of her patriotic citizens—a feeling of union and attachment towards their brethren of other sections—fellow-laborers and fellow-sufferers with them in the great cause of freedom and independence. No, sir; if South Carolina, and the other planting States,are laboring under oppression and grievances, there are abundant causes for it independent of the act of 1842, or the policy of protection, upon which it is supposed to be founded. I have already alluded to one of them—the over-production of cotton. That was occasioned, in a great degree, by the very state of things which the honorable Senator wants to bring about again—a large increase in its price. New and more fertile lands were brought into cultivation, and sold for enormous prices. Speculation ran high ; credit was stretched to the utmost. The production of cotton was immensely increased. This, was a state of things which could not last; and in calmly surveying the wrecks which it left behind, who can perceive that the Soiith has been, in the smallest degree, benefited by the high prices which cotton attained in those years of enormous speculation ? Who does not see that it is infi¬ nitely worse off? But, besides this cause, which applies to the South, gen¬ erally, South Carolina, and the older of the cotton-growing regions, labor under another grievance peculiar to themselves; and that is, that they cannot come in competition, in growing cotton, with the more productive and fertile soils of Alabama and Mississippi. These latter States, by reason of fresher fields, and a more genial climate, can raise this great staple very considerably cheaper than South Carolina orGeorgiacan,andof course South Carolina and Georgia must sell their productions, not at their own cost, but at the cost of growing them in more favored spots. At the present prices of cotton, Alabama and Mississippi would be most prosperous and flour¬ ishing States, if it were not for the heavy indebtedness whicfuthey incurred for lands and labor during the period of excessive prices in 1835 and 1836. If they had obtained their lands and laborers at anything like reasona¬ ble rates, compared with present prices, they would now be accumulating ' wealth, even when South Carolina and the older States are scarcely sus¬ taining themselves. And how far is this process of increasing the produc¬ tion to be carried ? What new regions are to be opened for its cultivation ? If the United States are to stretch their boundaries, not only to the Pacific, but, for any thing I know, to the equator, in this growing lust for domin¬ ion and territory, what boundless regions for the growth of cotton will be opened ? Does South Carolina expect then to be able to compete with these more fertile fields ? No, sir ; she will be obliged to do what the Senator sup¬ poses she may soon be driven to do from other causes—to become a manu¬ facturing State herself. Her planters will be compelled to emigrate to more productive soils, or to apply their labor to other and better pursuits. They can no more raise cotton in competition with their Southern neighbors, than the Northern States can now raise it in competition with them. These, sir, are the true causes of the depression of industry in South Carolina, if in¬ dustry is depressed there, as the honorable Senator affirms. Any thing which he can do to stimulate the production of more cotton, will only add to the depression which it now suffers. 37 The honorable Senator complains of the act of 1S42, as a violation of the " compromise" act. What is the " compromise.'''' act ? Is there any law on the statute book by that title ? Is there any law purporting to be a law of compromise ? None, whatever. The word occurs in no act whatever. Tl(e law referred to, is precisely like any other, and every other enacted by Congress, to be amended, repealed, or modi¬ fied, whenever it becomes necessary, from a proper regard to public inter¬ est, to repeal, modify, or amend it. Now, sir, what was the last Congress to do ? -What ought it to have done ? It found the revenue of the country far short of its expenditures, and rapidly declining—public credit' prostrate— business every where at a stand—distress spreading far and wide—and general consternation pervading the community. What were we to do ? Something was imperiously required of us. Were we to stop 011 the very werge of national ruin? Wereweto seeallthe interestsof thecountry perilled, rather than to touch a law enacted in 1832, (which had been the cause, as we believed, of much of the mischief,) because it had been denominated a compromise law ? No, sir; it was the duty of Congress, in some way, to accomplish what has, in fact, been accomplished. Whether it is attri¬ butable to the act of 1842 or not, the revenue of the Government has been restored—commerce has revived—public credit has been placed on a firm foundation—the value of labor and of property has been enhanced—confi¬ dence prevails—and the cloud of dismay which overshadowed the land, has been dispersed. These things have been done, and done in some way since the act of 1842 passed. We attribute it mainly to the passage of that act. We predicted such would be the consequences. We enacted the law with a view to such results. And we now say,leave it undisturbed—let it work out its full effects—test it by still further experience, agd if it fail to justify our confident anticipations, it will be early enough to repeal it when that fail¬ ure shall become manifest. The honorable Senator from South Carolina admonishes the manufac¬ turers not to pursue this policy too far. They will become, he says, the vic¬ tims of their own destructive system if they persevere 111 it any longer. He addresses himself to the manufacturers. He supposes that they have had the adroitness to force this measure upon Congress—that they dictated the provisions of the act. No, sir; no such thing. It was forced upon us by the prostrate condition of the country—by the ruin of the public credit—by the bankruptcy of the Treasury. The manufacturers indeed ! they re¬ sponsible for the monstrous features of the bill—for the ingenuity of the minimum principle! That principle, if I recollect aright, was first introduced in the act of 1816, which passed under the lead of the late colleague of the honorable Senator, (Mr. Calhoun,) and as I have always supposed was in no small degree attributable to his agency. But the honorable Senator says it is time this question was settled, and he admonishes the manufac¬ turers not to press it any further. Sir, they wish it settled as much as the Senator or any body else can. They suppose it is settled. Who disturbs it? Who renews agitation ? It is settled, and it will remain settled if the honorable Senator and those who act with him will allow it to remain. If he and they will allow it the benefit of two or three years' experience, he will find it settled to general acceptance and satisfaction. Prove it, but do not obstruct it. Look to results. Look to experience. If it be not settled now, let it be settled by the new lights to be gained from these sources. It can never be settled by agitation—by controversy—by theory; but by facts— by experience—by knowledge. The honorable Senator inquires what New England will do, if South 38 Carolina or the South should become manufacturing States, and should re¬ fuse to sell us their cotton ? I doubt whether South Carolina will ever find it for her interest to refuse selling her cotton to any body who will pay for it, (and I believe New England has hitherto contrived to do that;) she will probably always be willing to sell it where she finds the readiest market and best price. But, what will New England do ? Why, sir, she will do the best she can. She has been able so far to meet all the difficulties which have beset her, and to surmount them. New England, sir, had acquired some little place among the nations of the earth, a great while before South Carolina raised one pound of cotton. She had some population in 1776, and some wealth. She had commerce and navigation of no inconsiderable extent, which drew from one of the most elegant and philosophical states¬ man of Great Britain, a high and deserved eulogium. She began her navi¬ gation at a very early period. It was not twenty years from the landing of the pilgrims on the rock of Plymouth, notwithstanding all the disas¬ ters attending their settlement, before that infant colony had forty sail of vessels afloat. There was no cotton in South Carolina then. New Eng¬ land increased in population and wealth without manufacturing the cotton of South Carolina, and was-able not only to sustain herself, but to fight the battles of the mother country against her ancient enemy, and to con¬ quer for her no inconsiderable possessions on this continent. The blood of New England was poured out on the heights of Mount Abraham, and on many a battle field besides, in the war of 1756, between France and Eng¬ land. Considering all that she did in her infancy, and contrasting her ability now in her maturity, I do not know but she might survive the great calamity which the Senator supposes would overtake her, if South Carolina should become a rival in manufacturing. Sir, I believe it would add considerably to the wealth and prosperity of New England, it by manufacturing or by any other means the prosperity and population of South Carolina could be increased. If you can add to her capacity of producing cotton the capacity of manufacturing it; you add to her population, and thereby to her ability to become consumers of the productions of the North. In that way you add to the prosperity of New England. The more one is advanced, the more the 6ther will be advanced. 1 have seen the cotton manufactures of Petersburg, in Vir¬ ginia, sold in Boston, and even in the village in which 1 reside. New Eng¬ land merchants buy them, and New England vessels bring them to us. Why should I object to this? Why should New England object? Does it not give business to those New England people who buy and transport and sell them? Is it not the means of profit and gain to those who deal in them? I shall be very glad to see more of this kind of intercourse. My honorable friend before me (Mr. Bates) bought and used last year on his farm, salt made in Ohio. It came in competition"with Massachusetts salt—but what of that ? The purchase, transport, and sale of it, employed many persons. It was paid for by some other New England production. And if it did exclude so much of domestic salt, it opened a market for .something else which New England could furnish, and which Ohio wanted. The Senator indulges in a prophetic spirit. He says he has no doubt that within five years the great West will join with him in repudiating this tariff policy, and advocating that of free trade, which he so zealously rec¬ ommends. If we do not forget these theories and prophecies before that time, we shall probably see how far they will be realized. It is not always wise or prudent to venture upon prophecies. The honorable Senator, and those who have hitherto opposed the protective system, have not at all times found their predictions verified. But, hazardous as it is, I will ven- 39 Hue to predict, in my turn, that if he and I shall live to the common age of man, and this policy is allowed to remain a few years undisturbed, he and I will live long enough to see, not the great West repudiating and abandon¬ ing it, but the South itself upholding and supporting it. The people of the South, as they experience more and more of its beneficial effects, will be¬ come relaxed in their hostility to it, and will finally, and at no distant day, be among the firmest supporters of a system, under which they will see their country advancing in wealth, and happiness, and power. No, sir ; the doctrines which the honorable Senator has advocated with so much sincerity, and so much ability, can have no permanent abiding place in the South, any more than in any other section of the country. They have grown up in this generation, and they will not survive it. The honorable Senator has spoken several times of England as the " natural market" for Southern productions. What makes it a natural market ? What is meant by the term ? England is a great manufactur¬ ing nation, and has been for a long period. She was made so by the skill of her people, and the wisdom of her Government, and not from any natu¬ ral causes. Cotton in this country is the production of less than half a century; and the market for it, is precisely where the enterprise, ingenuity and skill of men lead them to its manufacture. If Arkwright and the other inventors of machinery had been born in Tunis instead Great Britain, and the Government, and the people of Tunis had been wise enough and in¬ telligent enough to have turned these improvements to account, Tunis might have been the manufacturer of cottons for the world, and then Tu¬ nis would have been the natural market of the South. No, sir; a market for raw material is very much an artificial thing. It is where skill and capacity lead to its manufacture—where the fosterftg care of Government secures to the people the rewards of the labor which they employ in it. Manchester and Liverpool are no more natural markets, than are Lowell and Waltham, and the time may come when these latter will consume more of the products of the South than the former. But I see that I am wearying the Senate as well as myself. It was my purpose, before concluding these remarks, to examine somewhat more mi¬ nutely the reply which the honorable Senator made to the arguments in favor of the policy, upon which he supposed its friends most generally rely. While he stated them briefly, and, with a single exception, perhaps, fairly, as ihey are used by its advocates, I must say, I did not think the honorable Senator very successful in his attempt to refute them. To re¬ state them, and to reply to the honorable Senator's attempted refutation of them, would require more than the yet unexpired hours of this afternoon, and I shall leave it to other gentlemen, and to another occasion, regret¬ ting that I have been obliged to occupy so much of the time of the Senate, in a discussion which I regard as wholly-premature. I do not feel the slightest apprehension that the bill of the honorable Senator will become a law, or could obtain a respectable vote in either House of Congress. I do not apprehend any change in our policy, at this or the ensuing session of Congress, nor indeed until the operation of the act shall produce a redundant revenue. At the same time, I am ready to admit, that there are some clauses, some particular portions of it, that I would readily concur in modifying, if it could be done without opening the whole subject, and exposing the whole act to invasion. But if, as the Senator supposes, the operation of the act will be to give an inadequate rev¬ enue—if it prove destructive to commerce—if it plainly appear to operate so grievously—so oppresively—so unjustly on any section of the coun- 40 try as the honorable Senator supposes it does, I shall not be one to stand here to uphold it, when I see such disastrous consequences. No, sir, not I. But such cannot be its operation. All I ask of Congress, is to allow it to be tested by experience—to refrain from arresting its progress—to cease these agitations and exciterpents, which always attend the discussion of to¬ pics so important to the business of the country. And as I have always said, when it has had a fair trial—when our experience is full—when the coun¬ try shall be found rising from all its embarrassments—and the South itself partaking of the general prosperity—when all this is accomplished, I have no belief that any serious attempt will be made any where to uproot a sys¬ tem which has produced so much good. Public men, I know, can some¬ times bring about the results they predict. If honorable gentlemen who oppose this system, continue their attacks upon it—if the public mind is to be kept in perpetual agitation—if the business of the country is to be al¬ ways the sport of legislative change, and experiment, commerce may de¬ cline—the revenue may fall off, and general distress may again prevail. Such consequences, however, must not be charged to the adoption of the act of 1S42. They will be the results, not of adhering to it, but of repudi¬ ating it—not of stability, but of vacillation—not of wisdom* but of folly. DISCUSSION ON THE TARIFF. REPLY #>V MR. EVANS, OF MAINE, TO MR. McDUFFIE'S SECOND SPEECH ON THE TARIFF. * siLirsns* IN THE SENATE OF THE UNITED STATUS, February S and 7, I8Ai. WASHINGTON: YRIBTXD II GALIS ill) SS4T0JB. 1S44. / SPEECH. Mr. EVANS said, that so many days had elapsed since the Senator from South Carolina (Mr. McDuffie ) addressed the Senate for the second' time upon the subject which was again under consideration, that the in¬ terest excited by that occasion had quite passed away, and he almost re¬ gretted that he did not forego the privilege of a reply, and permit the ques¬ tion to be taken and the whole matter disposed of, at the conclusion of that Senator's remarks. He had already more than once inquired for what purpose this debate was to be continued ? Did the honorable Sen¬ ator expect that the bill which he had brought in. or any which he propos¬ ed to substitute for it, would come to a vote in this body ? He imagined the Senator had no such expectation, and still less could he expect that it would become a law. Yet the Senator and his friends upon the other side seemed exceedingly anxious to prolong debate. Discussion it seems is to be kept up merely for the sake of discussion. Is it for the purpose of ef¬ fect elsewhere ? Is it designed to produce an impression upon public opinion ? Is it for the sake of giving advice and instruction to the people, to convince them of the oppressions under which they labor—to reason them into a sense of evils which afflict them ? This, it appears to me, (said Mr. E.,) is a very unnecessary and uncalled for effort on the part of Congress. If the people really labor under any oppression or injustice ; if their interests—their business—their prosperity, is affected injuriously by existing laws, they are certainly sagacious enough to discover it, and sensitive enough in every thing which pertains to their welfare, to make it known, without waiting to be convinced of the reality of their sufferings by discussions, however learned or elaborate, of " elementary principles," or of contested doctrines of political economy. They do not need the tes¬ timony of Adam Smith nor of any of his disciples, to prove to them whe¬ ther their affairs are prosperous or otherwise ; and if they do not discover that they are grievously oppressed in any other manner than by what the Senator calls " established truths in political economy," it is very much to be questioned whether they will ever make the discovery at all. Now, sir, with all deference, I submit whether it will not be quite early enough for us to enter upon matters of such magnitude as we are now called upon to consider with a view to alleviate pressing evils, when we hear proof of the actual, not theoretical', existence of such evils, when the sufferers themselves appeal to us for relief? But when we have nothing but asser¬ tion without proof—theory without fact—when we have no evidence of popular discontents fomented by oppression and injustice—no complaints— is it not rather too much to assume the existence of such evils, upon the authority of any " elementary principles," from whatever source derived, and by whatever names of authority sanctioned ? Are we, under such 4 ■circumstances, performing the proper functions of legislation, in efforts to impress the public mind with a sense of injustice and oppression—which have no existence, and which, if they did exist, would be discovered much more promptly by the experience and the common sense of the people themselves, than by any argumentations which we can address to them? If, however, it is deemed suitable,by Senators upon the other side, to pro¬ long this discussion, with a view to enlighten the country to a sense of the wrongs which alllict it, to the country we will go, and we abide its ulti¬ mate decision, with the most unfaltering confidence. When 1 had the honor to address the Senate, some days ago, upon this subject, I made a very casual reference to the philosophy of Lord Bacon, and remarked that it seemed to me the honorable Senator's mode of con¬ ducting the argument partook more of the exploded system of the school¬ men and sophists who preceded that philosopher, than it did of the new and now universally established system, which is generally supposed to have been the fruits of his discovery. 1 had no idea that a passing re¬ mark, thus made, would give occasion for so extended a notice as the honorable Senator has bestowed upon it. He supposes that I omitted to ex¬ plain what were the principles of philosophical reasoning disclosed by Lord Bacon ; the chief value of which he considers to be the establish¬ ment of certain great and fundamental laws, which are ever after to be as¬ sumed as unquestionable, in all investigations of science or art. The Senator has remarked also that I omitted to state that the most successful application of the inductive process of reasoning to the affairs of life, was made by a distinguished philosopher of Scotland, Adam Smith, some 70 years ago, to the very science of political economy, which we are now considering. That, by this process, he established certain fundamental laws—certain elementary principles, which were not only true then, but which are to remain true and unquestioned, through all changes of human affairs—through all the revolutions in business—trade—commerce—agri¬ culture, occasioned by discoveries and improvements in arts and science, in law, and government, whatever may be the experience of the world, or of nations, or however they may be refuted by the plainest evidence of our senses. The Senator further complains that I did not myself follow the principles of reasoning which I commended to him. Now, sir, to all this I have only to say that I did state, briefly to be sure, the principal dif¬ ference between the old philosophy and the new. I said that the old was founded on theories and speculations ; the new, on facts, observations, and experience. The old rested on the authority and the teachings of sophists and schoolmen, and speculative projectors—the new, on plain, palpable, daily occurring events, speaking to the senses and the judgments of men. The former endeavored to promulgate for truth their own pre-conceived opinions—dogmas—assertions ; the latter discovered it by following the guide of experience and observation. Whether the Senator or myself has most closely followed this process of reasoning, will appear from a brief reference to the subjects discussed, and the manner in which they were treated. The Senator commenced his first address with a vehement denunciation of the act of 1842. He denominated it a monster, with fraud and decep¬ tion stamped upon its face. This was the general charge. But he de- 5 scended to specifications. He asserted : 1st. That it was destructive to the revenue of the country, exposing the Treasury to embarrassment and in¬ solvency. 2d. That it was destructive to the commerce of the country,one- half of which had already sunk under its operation, and the other half was doomed speedily to follow. 3d. That it imposed great and onerous burdens upon the people of the United States by enhancing the cost of all manufac¬ tured and imported commodities of general consumption. 4th. That it ope¬ rated with peculiar oppression and injustice upon the planting section of the country, by depressing the price of their principal articles of production, and by increasing the price of every thing which they were obliged to purchase. These were the main grounds of complaint against the law en-, acted in 1842, and against the principle of piotection, upon which it was supposed to rest. These were the topics to be discussed. And how did the Senator make good his charge and his several specifications? By facts? By experience ? Did he refer to the Treasury statements to as¬ certain whether the revenue had actually declined—whether one-half of the foreign commerce had ceased? No, sir, not at all. He relied upon the authority of Adam Smith—upon theories of political economy which he says are "fundamental laws," never questioned and never to be ques¬ tioned. The matters in dispute between us ar c matters of fact. Has the revenue declined ? Has commerce ceased ? All the theories and all the fundamental laws in the world, cannot answer these questions; but plain facts, accessible to every one of us, can and do answer them. I referred to the Treasury statistics, showing, beyond all controversy or doubt, that the revenue had actually increased, and is. still rapidly increasing, under the operations of the act of 1842. Of consequence, commerce, from which the revenue is derived, has increased and is increasing. So as to prices. In the Senator's theory, they have risen. In point of fact, they have fallen. I speak of prices of protected articles of general consumption. Not a single instance has been adduced where any considerable advance has taken place : but according to "fundamental laws"—"elementary princi¬ ples," such an advance ought to have taken place, and therefore the act of 1842 is clearly onerous and oppressive. Then, as to the great staples of Southern production. The complaint was, that they had declined in price, inconsequence of that act. I proved, by a comparison of present prices with those of last year at this time, that both cotton and tobacco had con¬ siderably advanced, and of course that no such oppression had been ex¬ perienced, as the Senator assumed to have been felt. These were the matters in controversy, and I submit whether the Senator has maintained or attempted to maintain a single one of his charges by reference to au¬ thentic, existing facts, by proofs, by experience ; or whether he has not contented himself by positive assertions, resting upon theories, and dog¬ mas of political economists, just as the disciples of the ancient philosophy maintained their creeds, upon what they deemed " fundamental laws," and " elementary principles ?" The act ot 1842, which has proved so benefi¬ cial to all interests of the country, is not, 1 trust, to be overthrown or sha¬ ken by any such process of reasoning as the Senator has applied to it. The truth is, and every man who will open his eyes cannot but see it, that the country is recovering itself with great and astonishing rapidity from the depression into which it had sunk at the expiration o{ the period 6 limited in the compromise act for the continuance of the duties which af¬ forded any beneficial protection. The revenue is improved, and is likely to be adequate to all our wants, and to the extinguishment of the public debt, long before it becomes payable. Public credit is restored, and stands on a firm foundation. Business, in every branch, every department, every section, is reviving. Confidence has returned, and men look for¬ ward with cheerfulness, and labor goes to its work with a lighter heart, and a surer reward. These are things open to our senses, seen by our eyes, heard with our ears, not to be denied, not to be disguised. To these proofs I appeal, for an answer to each and all of the Senator's charges and specifications, and for a complete vindication of the act which he has so repeatedly and vehemently denounced as the author of unnum¬ bered woes. And how does the Senator deal with these undeniable evi¬ dences of public prosperity ? While he cannot and does not deny their existence, he says, they are not in consequence of the act, but in spite of it. Events which are nearly connected in point of time are not necessa¬ rily connected as cause and effect. Prosperity has returned, he admits, since the passage of the act, but not in consequence of it. Now, sir, I was not, in the first instance, discussing the causes of that returning pros¬ perity. I was replying to the Senator's assertions, that commerce and revenue had declined—prices of manufactured articles enhanced, and of the productions of the South diminished. It was to disprove these allega¬ tions, that I introduced the pi oofs, and not mainly with a view to attribute the improved condition of affairs to the enactment of that law. But I had no doubt then, and I have none now, that it is mainly attributable to that act. I have no sort of doubt that there is a nearer connexion than one merely of time, between the re-establishment of the policy of protection, and the general advancement in the business of the country. And I ask whether we have not a perfect right to claim this result as a fair and legit¬ imate result from that act? Did we not predict in advance that such would be the consequence? Did we not advocate and urge the passage of that law, expressly for the purpose of accomplishing what in fact has been accomplished—for the supply of revenue—for the restoration of pub¬ lic credit—for the re-invigoration of commerce as well as of manufactures ? Did we not appeal to past experience to demonstrate that these would be the certain and beneficial results ? While, on the other hand, did not the opponents of the measure predict directly the opposite results—diminished revenue, decaying commerce, oppressive prices, reduced value of the , great staples of export ? They told us these would be the results of pass¬ ing the bill, while prosperity would return if we would remain inactive. We followed our own opinions ; and now, when all our expectations have been realized, when our predictions have been fulfilled, when theirs have been signally disappointed, they coolly tell us, Oh, all this would have happened without your law. flow do they know that ? We trace an im¬ mediate connexion between the law and the revival of business. We saw labor and industry forthwith finding employment—artisans and me¬ chanics called into active employment—general confidence inspired, pro¬ fessedly and avowedly in consequence of the action of Congress. Are we not justified, then, in our convictions that our returning prosperity dates tfrom the passage of that law ? But we rest not upon our experience un- 7 der that act alone. We refer to our repeated and renewed experience under every previous act, from the origin of the Government to this hour, which has been founded on protective principles. I ask the honorable Senator whether, in every discussion which the pro¬ tective policy has undergone, from 1816 down to this time, it has not uni¬ formly been vindicated upon the grounds which we stand upon to-day? That it would not prove ruinous to the revenue, nor to commerce, nor add to prices, nor impair the demands of foreign nations for the great articles of our exports ? These have been the grounds upon which the policy has been advocated. How has it been resisted ? Precisely as it has been re¬ sisted now, by the Senator from South Carolina. Speech upon speech has been made, memorial after memorial presented, prediction multiplied upon prediction, all to the end, that direct taxation would be rendered ne¬ cessary to supply revenue—that our ships would rot at the wharves for want of employment, and that the poor and the laboring men would be grievously taxed and oppressed by excessive prices. What has been the result—the uniform, constant, invariable result ? Why, sir, that not one of these evils has been experienced. The revenue, under the high¬ est duties, has been not merely abundant, but excessive—far beyond the wants of the Treasury. Commerce has largely increased. Prices of alt the articles fabricated in this country, generally and gradually declined,, under the operation of protective laws. The demand for the great staple of Southern production has not only not been impaired, but has immensely » increased, and the production of it has been immensely enhancedj The country has advanced in all its great interests with a rapidity which al¬ most startles belief. And all this during the period of the highest duties. In striking but just contrast and contradiction to all the anticipations and predictions of the opponents of this policy, I heard, a year or two ago, a distinguished Senator from South Carolina (Mr. Calhoun) attribute all the evils which have come upon the country since 1836—'37, to the enor¬ mous accumulation of revenue, and the vast expansion given to business, in consequence of the act of 1828, which has most unjustly been called the " bill of abominations." That was a title given to it in advance, by its en¬ emies, It was a bill of abominations in their estimation, because it was to produce all the disastrous effects upon revenue and commerce, which had been predicted. It proved, in the opinion of the Sen¬ ator I have alluded to, a bill of abominations, because it produced direct¬ ly the opposite effects—because, instead of destroying revenue, it yielded a most inconvenient accumulation—because, instead of destroying com¬ merce, it stimulated it to an undue extension, infecting the currency, cre¬ ating fictitious credit, and producing a general system of over-trading and over-producing. It produced just that state of things which the retiring President had in view, on the 4th March, 1837, when he announced that he left this great country " prosperous and happy." I am very far from concurring in the views which the Senator from South Carolina (Mr. Calhoun) then presented. On the contrary, I think the evils of which he complained had their origin in wholly different causes; but I refer to his opinions, expressed at that time, as a clear admission that none of the con¬ sequences anticipated by him and his friends, the opponents of the act of 1828, were realized. Commerce increased, wealth increased, manufac- 8 tures increased, internal communications and improvements greatly in¬ creased, and general prosperity was every where exhibited. Now, sir, with all this experience fresh in our recollection, with such results predicted on the one hand, and denied on the other, I ask if we are not justified in the conclusion, upon the principles of inductive philos¬ ophy, that these are really and truly the consequences of the policy which they so immediately and so uniformly follow—especially when directly the opposite results have uniformly attended the opposite policy ? What was the condition of the country prior to (he enactment of the tariff of 1824, which may be regarded as the first really efficient measure of protection adopted by the Government? The act of 1789 wasdeelared on the face of it to be a measure designed, among other things, "for the en¬ couragement and protection of manufactures." The duties were gener¬ ally low, but still were high enough in the then state of things for some protection. The condition of the world for a quarter of a century rendered the prosecution of commerce more important to us, than that of manufac¬ tures. All the capital of the country, of which we had very little compar¬ ed with the present time, was devoted to commerce, and manufactures were deemed of secondary importance. After the peace, the act of 1816 was passed; but, although designed for efficient protection, it afforded very little, except to coarse cottons. Notwithstanding very heavy importations of foreign merchandise for some years afterwards, the revenue was not adequate to the wants of the Government. Commerce languished—man¬ ufactures declined—real estate fell every where—money was borrowed for the ordinary support of Government, in a time of peace, and signs of general distress and alarm peryaded the country. After two or three years' effort, the act of 1824 was passed, giving to most branches of indus- try efficient protection. The country prospered. It prospered still more under the act of 1828. Then came the " compromise " act of 1832, which provided for a gradual reduction of duties. The minimum rate, however, was not reached until June, 1842. The rate during the years 1839, 1S40, and 1841, was in several respects, not in all instances, too low for protec¬ tion. What was the state of things in these years, and especially in 1842, when the duties had fallen to the lowest point ? The revenue fell short of the expenditures several millions annually. Business was suspended. Commerce declined. The wages of labor were reduced, and laborers were without employment. Precisely such a state of things as existed prior to the adoption of the Constitution and the enactment of the first law on the subject of duties, which was also designed lor the " encourage¬ ment and protection of manufactures"—and such also as existed prior to the act of 1824. Take the three periods of low duties, prior to the tariff of 1789, of 1824, and of 1842, and we find the same general features of stagnation, decline, and embarrassment, in the affairs of the country ; and we find, moreover, improvement and advancement uniformly following the adoption of measures calculated and intended to protect the labor and industry and productions of our people. What more legitimate inference, then, can be drawn, than that these beneficial results, this steady prosper¬ ity constantly succeeding the enactment of protective laws, are truly the consequences' of such laws ? The Senator from South Carolina, I know, controverts these Conclusions. They do not accord with his theory. They 9 are not reconcilable with the " fundamental laws" of national wealth, cre¬ ated and promulgated by Adam Smith, and which are therefore fixed, es¬ tablished, incontrovertible. 1 am well aware, sir, that in the exact sciences, in mathematics, geometry, &e., truths once established are (ruths forever, and may always be assumed in all future reasoning. They do not require to be proved anew, whenever fresh occasion to use them arises. No experience, no researches, no discovery, can prove that the three angles of a triangle are not equal to two right angles, nor can change the relation of numbers to each other. Two and two will always make four, and five times ten will never be less than fifty. So in natural philos¬ ophy, the laws of motion and of gravitation, now well established, may with undoubting confidence be always assumed. No discoveries, no ex¬ perience, no theories, in all human probability, can ever shake them. But in moral philosophy, in metaphysics, in political economy, the same un¬ doubting confidence cannot always, perhaps not often, be attained. Ab¬ solute demonstration cannot be reached, as in the sciences, which, because they do admit of absolute certainty, are called exact sciences. In these, new and further experience may overthrow many principles which were deemed fundamental, and well established by earlier reasoners. Espe¬ cially in the science of political economy, in what regards national wealth, what mighty revolutions have taken place in human affairs, since Adam Smith investigated the subject! Has the world learned nothing since his time ? Is the experience of the present day worth nothing in determining the great questions discussed by him ? Above all, is our own experience of no value in deciding upon our own interests, because Adam Smith's conclusions, formed in his day, under different circumstances, are the set¬ tled law of the world now, and for all coming time ? Great and unforeseen changes, new elements not then dreamed of by him, have since operated on the condition and circumstances of nations. How enormously have the productions of manufactures been increased by discoveries in machinery, and by steam power, the great agent of modern times ? At the period when Smith's book was written, this America of our day was composed of several colonies; and, so far as he had any power to control their destinies, he desired to keep them in a state of colonial dependence forever. His book recommends it. He thought it would be greatly for their benefit. That was one of the conclusions he reached by " the inductive process," and I suppose is among the "fundamental laws " established by him, which are never to be brought in question. But we are now independent, and our independence has of itself produced a great change and revolution in the business of the world. Besides this, the article which has become one of the greatest, if not the very greatest staple of the commerce of the world, has not only almost grown up since his day from nothing, but in this country has grown up entirely. Not a pound of cotton was raised in the now United States, when he promulgated his doctrine of the wealth ot nations. The idea that America was so soon to become not only inde¬ pendent, but also to be the second commercial Power of the world, and the greatest producer of the greatest staple of that commerce, as well as of the most extensive manufacture which the world had ever witnessed, never entered into his conception. What effects these vast changes were to produce upon the affairs of the world, his philosophy never dreamed of. 10 And with all our knowledge of these effects, with our experience of the influences of so many active and operating causes as have been at work for three-quarters of a century, are we to repose upon the conclusions, however honestly made and however inductively reached, of one whose eyes never opened upon the improved condition of the world at the pres¬ ent day ? Is the effect which has been produced upon the commercial relations and condition of nations, the change from comparatively limited intercourse, to one of almost unbounded expansion, which the whole world has experienced, to be disregarded ? Unlike the mathematics and other kindred sciences, political economy may be regarded as a progressive and if you please a changing science. When a nation, as Venice did once, and Holland afterwards, holds in its hand almost the entire commerce of the world, that may be and would be deemed good policy, which under other circumstances, when the sceptre of commerce and the trident of the ocean were wielded by other hands, would be regarded as most pernicious. The policy of nations must change as the affairs of the world change. During the long wars of the French Revolution, our interests lay in com¬ merce and agriculture. Our policy was to reap the rich harvests which those fields of industry yielded. But on the return of a general peace, the world presented a wholly different aspect. We had no longer the ocean to ourselves ; and the consumers of our agriculture became them¬ selves producers. We no longer found the markets abroad which we had been accustomed to find. What more necessary and what more natural, then, than that our policy should change, and that too without any regard to the doctrines of Adam Smith ? The Senator supposes that the princi¬ ples of this distinguished philosopher have been universally recognised. Oa the contrary, sir, I think they have been very much contested, and es¬ pecially contested in the United States, by some of the most distinguished statesmen of our country. So also on the continent of Europe. They have not only been disputed by statesmen and philosophers, but have been practically repudiated by most of the nations at the present day. The authority of Washington and Franklin, in what regards our national in¬ dependence and wealth, is quite as good authority for me as the doctrines of Adam Smith. [Mr. McDuffie. Franklin is against you. I will abide by his doc¬ trine. He is with me.] I think not, sir. It will be quite easy to find, if I recollect right, opin¬ ions of Franklin in favor of building up American manufactures. He thought we embraced within ourselves all the elements of national great¬ ness and wealth, which ought to be developed and fostered and promoted. So thought and so said the Father of his Country, and so thought and so said many, very many, of the eminent statesmen and patriots who achieved the independence—established the liberty—and framed the Constitution of our country. The Senator took occasion to advert to another remark, incidentally made by me, which, if he accurately comprehended, he has certainly not very fairly answered. In reply to the Senator's argument for discriminat¬ ing in favor of the poor when duties are laid, 1 said, that it seemed to me a much more humane and statesmanlike object, so to legislate, if possible, as to do away with poverty entirely—so to shape our policy as to give em- 11 ployment to the poor, and thus to enable them to obtain for consumption ' what their necessities might require. The Senator affects to understand me as recommending to legislate poverty out of existence, by a simple enactment, by a law, declaring that from and after such a day, the first of July next, " poverty be, and hereby is, abolished throughout the United States." Did I utter any sentiment so foolishly absurd as that ? The Senator finds it quite easy, I doubt not, to answer a proposition so ridicu¬ lous as that which he has stated. But, if he will deal with the argument which I did employ, and upon which the protective policy mainly rests— the mitigation of the evils of poverty, and removing the causes of it—by giving profitable employment to labor—by encouraging industry—be may not find it quite so easy to furnish a satisfactory reply. Congress, he says, cannot give relief to poverty—" for we have nothing to give—we are as poor as church mice." " Relief can only be afforded by giving either our own money, or by taking it from one person to bestow upon another." " Legislation cannot create wealth—it cannot make two blades of grass grow where only one grew before." Government cannot, he says, " in the very nature of things, give either money, wages, profits, or any thing else, to one man or class of men, which it does not first take from another." Now, sir, I must take leave to differ with the Senator entirely in theopin- . ions he has expressed as to the effect, or want of effect, of legislative en¬ actments upon the business and industry and prosperity of a community. The history of commerce—of manufactures—of agriculture—of the arts— of every tiling—is full of instances of improvement, advancement, and progress, in consequence of wise laws, adopted to foster and promote their growth. The business of legislation is to open new avenues to industry— to furnish new inducements to labor and enterprise, and thus to lead to fresh and stronger efforts on the part of individuals in their various pur¬ suits. But nothing is gained by one, the Senator supposes, under such a stimulus, but what is lost by another. Legislation can only transfer from one man's pocket to another man's pocket. Well, sir, if this were really so, I do not know that it would be a result much to be deprecated, if the transfer were from the pockets of a foreign nation to the pockets of our own—if the rewards of industry, the earnings of labor, were taken from the manufacturer and laborer of Europe, and given to the manufacturer and laborer of America ; the comforts—the competency—the enjoyments, which such rewards and such earnings obtain, would thereby be transferred from other people to our own people. It would be an addition to our national strength and our national wealth. Look at the consequences re¬ sulting from the celebrated navigation acts of England, the first of which was enacted in 1650. Can any body say that those acts—strictly protec¬ tive acts—did not call into existence wealth and power—individual and national—to an extent beyond the operation of all other causes combined ? Has it not made England the vast commercial and naval Power which she is? Has it done nothing but transfer wealth from one to another? At the time of the enactment of those great measures of national protection, England was quite inconsiderable as a maritime State, compared with Hol¬ land. I am not able to state precisely their relative importance at that period ; but, forty years afterwards, when England had undoubtedly made great advances, and Holland had in some degree declined, the tonnage of 12 the former, according to MeCulloch, was only about 500,000 tons, while that of Holland was over 900,000 ; fully equal to one-half of all the ton¬ nage of all Europe. Probably the difference was even greater than this, as McPherson stales the tonnage of England, in 1701, to be only 261,222 tons, employing about 27,000 men. So vast a supremacy had Holland at that period over the now boasted mistress of the seas. One of her pa¬ triotic songs, with a poetic license quite commendable, appeals to the mariners of England : " Whose flag has braved, a thousand years, The battle and the breeze." Yet it can scarcely be forgotten, that, not over a century and a half before that noble strain was sung, "the meteor flag" had quite as much as it could do to float in safety even in the Downs, where " the fleet was 'moored." The Dutch squadrons, on more than one occasion, entered the Thames, and fought the English there, besides blockading and ravaging their coast and ports in many places. Van Tromp, De Ruyter, and De Witt, for a long time contested, and often successfully, the sovereignty of the British channel; but at length the Dutch naval and commercial power was humbled and vanished away before the rising and triumphant splendor of the British flag. Nothing contributed so effectually to this result as the navigation act of Cromwell, to which 1 have refeired. The tonnage of that kingdom, which was estimated at 500,000 in 1790, but probably much over-estimated, undoubtedly having been then largely in¬ creased after the passage of that act, has gone on steadily advancing, until it is now nearly 4,000,000, spreading over every ocean of the habitable globe—founding colonies in ever}' corner of the earth—sending manufac¬ tures and people to every clime, and bringing from the most distant lands rich returns, to add to the wealth, and strength, and grandeur of the British empire. In view of these immense results, does the Senator still suppose that legislation can add nothing—-create nothing—build up nothing ? How was it with our own navigation act? Why does not the Senator, or some other advocate of free trade, strike at that, as a measure of odious protec¬ tion ? The navigation of this country, from a very early period, has been a highly protected interest, and very wisely indeed has it been protected. It has grown up with astonishing rapidity ; and has it added nothing to our "wealth—to our national importance ? Can any body doubt that it is owing, in a very great degree, to the protection it has received from acts of legislation that it has so eminently pr ospered ? So of the sugar interests of Louisiana. Have they not grown up under the fostering care of legis¬ lation, which the Senator says can do nothing but rob one for the benefit of another ? Who has been injured by it ? Its cultivation has given new markets to the Nor th and the West for provisions and manufactures—has furnished new employment to our vessels in transporting these supplies— and has also benefited the other cotton-growing regions, by withdrawing a part of the land and the labor which would otherwise have been devoted to the raising of that great staple. No body is injured. Every body is benefited, ft has become a great and valuable national interest, promot¬ ing the agriculture, (he commerce, and the manufactures-of the country ; and it is altogether the fruit of legislative protection. Take another illus¬ tration—railroads. A railroad cannot be constructed without an act of 13 legislation ; and yet a simple enactment, " that there shall be a railroad from A to B," does nothing of itself. It does not spring into existence from the mere mandate of the law. Laws do not execute themselves. They require human agency to carry them into effect. If an act authoriz¬ ing the establishment of a railroad offer sufficient encouragement and suf¬ ficient inducement for its accomplishment, it will be accomplished by hu¬ man means. The law furnishes the inducement. Men do the work. Is any body injured or robbed ? Is there any transfer of property from one to another? On the other hand, the wealth of all is promoted. Agricul¬ ture finds readier and better markets—consumers cheaper and more abun¬ dant provisions—labor greater demand and surer reward. Does not all this spring Iroin legislation—from law—from protection 9 We cannot, by law, says the Senator, produce a blade of grass or an ear of corn, where they did not grow before. Certainly, no act of Congress " ex propria vigore " can do so—but if an act of Congress shall stimulate human hands to greater effort—human skill and science to more vigorous improvement, they will find methods to make not one only, but ten grow where none grew before. Give incentives—give inducements—give encouragement— give protection ; and industry and enterprise will accomplish results the most important to individual and national wealth. The idea that an act of legislation can add nothing to the amount of productions of human labor, but that its whole effect is to transfer from one to another, seems to me very much like the notion, which Adam Smith successfully refuted, that neither commerce nor manufactures added any thing to the sutn of the world's wealth. The doctrine of certain political economists before his day was, that all wealth was derived from agriculture—from the fruits of the earth. Here, they argued, was something positively gained—something created which did not exist before. Manufactures, they said,only changed the form of things—and nothing of wealth was gained by it, because the manufacturer, while engaged in the process, consumed as much in value of the productions of the earth as he added to the value of the raw ma¬ terial by changing its form. Commerce, they said, merely transported commodities from piace to place. It added nothing to the bulk or quantity of them. Nothing could be gained in commerce by one man or one na¬ tion, unless it was lost by another man or nation. It merely transferred.— [Mr. McDuffie. That is not my doctrine.] 1 know it, and I do not impute it to the Senator ; but his argument against the efficiency of legislative enactments to develop and call out individual and national resources seemed to me, I said, very much of the same kind. All these doctrines, to which I have adverted, Smith very triumphantly refuted, demonstrating that both commerce and manufactures do add largely to national wealth. Labor, he maintained, human labor, was the source and foundation of all wealth ; and cannot labor be stimu¬ lated—promoted—encouraged by laws—by governmental protection ? If it cannot, then all the civilized nations of modern times have greatly mis¬ taken the powers, and functions, and operations of government on human affairs. The Senator has attributed to me another argument, which I certainly did not use. He says that I maintained the position that it was better to buy at high prices at home, than at low prices abroad—to buy dear than v 14 to buy cheap. Now, sir, I maintained no such thing. On the contrary, I endeavored to demonstrate that one of the great benefits of the protective policy was, that we were thereby enabled to buy cheaper at home than we could if compelled to rely solely on foreign manufacturers. For the proof of this I referred to our repeated experience. I said there was a great deal of delusion as to what constituted buying cheap, and attempt¬ ed to illustrate that it was often really cheaper to buy of one, though at a higher nominal price, than of another at a nominally less price. Whether an article be cheaper or dearer in the one place or the other, depends in a very great degree on the facility of payment. That is the cheapest where payment is the easiest. Buying and selling is but an exchange of labor for labor, and he buys cheapest who obtains most for his own pro¬ ductions. Now, although the price abroad, represented in money—the standard of value—may be lower than the price of similar articles of do¬ mestic origin, yet, when we come to look at the facilities of payment, it may be and often is really higher. Can a farmer in Illinois get more of cotton, or woollen, or iron manufactures, for his wheat and flour, or a farmer in Maine for his hay and his potatoes, in Liverpool and Manches¬ ter, or in Lowell or Pittsburg? Can he not make the exchange on better terms at home than abroad? If, then, he pay easier and obtain more, he buys cheaper, notwithstanding the nominal price abroad be less. Suppose a farmer has a bushel of wheat to sell, and wishes to buy a shovel. He can obtain one made in Birmingham of the importer for 90 cents. The domestic manufacturer cannot sell one of similar kind short of a dollar. So far the foreign is cheaper. But how is he to pay ? The importer does not want the wheat, but the money to send abroad. He will, however, take the wheat, trusting to find a market at seventy-five cents the bushel. The home manufacturer needs it for consumption in his own family, and will give a dollar for it. In the one case he obtains a shovel for his wheat, and fifteen cents besides, and in the other he obtains it for his wheat alone, saving fifteen cents to buy something else for his wife and children. Which is cheapest ? Now, sir, I recommend to buy where you can buy cheapest—where you can obtain most for your own pro¬ ductions ; and 1 maintain the protective policy, because it adds greater value to our own labor and industry, enabling us to receive more in ex¬ change for it, laying out of view the mere nominal prices, upon which so much stress is laid. Potatoes are a great deal cheaper in Ireland than they are here ; but hundreds and thousands of Irishmen prefer to come here, where they are so much dearer, and where they can get a bit of beef, too, to put in the same pot. The answer of-one of them solved the whole mystery of cheapness. He complained of the shilling a peck which he had to pay here, saying he could get them in Ireland for a six pence. " And why did you come here, then—why did you not stay where they are so cheap ?" "And sure it's the six pence 1 could not get there, at all at all," said he ; and his answer contained the whole philosophy of cheapness. The Senator attributes to me not only the argument that it is best to buy dear, but also that it is good policy to sell cheap. He is quite as much out of the way in the latter as in the former supposition. I did not at all admit that the act of 1342, or any act of protection, could or did affect the prices of ths great staples of export, of which the Senator com¬ plained. I maintained that the price of cotton in the markets of the world 15 would be governed by the great law of supply and demand. If it can be shown that, in consequence of our policy, there is a less demand for, and consumption of, cotton fabrics than there otherwise would be, the argument would be entitled to some consideration. But who can doubt that the con¬ sumption of cotton is in fact considerably increased by the domestic man¬ ufacture of it, and at the same time that the price abroad is enhanced by the competition which the demand for it here occasions ? Cotton from Brazil, Egypt, India, meets American cotton in Liverpool, and undersells it, keeping the price down. Does any body suppose that our cotton sells for any less, because we have a protective tariff, and that theirs sells for more because they have none ? Such a thing is impossible. Suppose all our imports from France should be free of duty—does any one imagine that cotton would bear a higher price in Havre than in Liverpool ? How- is it now ? Is it more profitable to import a cargo of free goods than of dutiable ? Is it more advantageous to the seller of cotton to exchange it for foreign productions which pay no duty, or for specie, than for commod¬ ities which do pay ? All other things being equal, the commerce being fairly conducted, there is and there can be no difference. I maintain no such policy as that of reducing the prices of our staples abroad, but on the other hand endeavored to prove that no such effect followed from the protective policy. I showed how very inconsiderable a demand for cotton would arise from an increased import of British manufactures of forty mil¬ lions value—a demand more than counterbalanced by the inevitable de¬ cline which would take place in the consumption of it in our own country, I have reason to complain, also, that another portion of the argument which I had the honor to deliver to the Senate, has not been fairly met, or fairly understood by the Senator. He says that I maintained the bold prop¬ osition, "that a high rate of duties upon imports diminishes their price, and a low rate enhances them ?" He supposes that I have asserted as a general, an invariable principle—without limitation—without excep¬ tion; that the effect of imposing high duties is to reduce the price of the article upon which they are levied. Now, sir, I have asserted no such thing. What I said, in the first place, was in reply to the honorable Sena¬ tor upon a matter of fact. He asserted that the act of 1842 had operated very oppressively by increasing prices. This I controverted, and showed that the fact was not as he supposed—prices had not increased—but in many instances had diminished. The Senator asks, how can this be ? Does high duty reduce prices ? The " fundamental law" in political economy teaches that it enhances prices precisely to the extent of the duty imposed. Now, sir, I freely admit that the tendency of increased duty is to increase the price of the article, the identical article upon which it is imposed; and such would generally be the effect, if not counteracted by other causes. I have not maintained that the imposition of the duty, of itself', reduces prices, but I have maintained that it calls into action—into being—other operating and efficient causes which do produce that result. It is not the duty as a duty, the tax as a tax, which effects this, but it is the existence of other agencies and other influences, which have their origin in the stimulations which the imposition of such a duty affords. It is not the duty which of itself does this, but it is the competition in the supply of a similar kind of article that occasions it. If there were no domestic production consequent upon the duty—if the markets and the 16 consumption of the country were still dependent upon foreign supply, un¬ doubtedly the imposition of duty would enhance the price ; but when the effect is otherwise—when domestic competition meets the foreign—when, in addition to the foreign supply, the home production is added, nothing is more reasonable than to expect a reduction of price. I have not asserted that the article on which a duty is imposed sinks in price as the immedi¬ ate consequence of that duly—but 1 do maintain that it sinks in conse¬ quence of meeting a similar article in the market, brought there in compe¬ tition with it under the operation of the protective policy. That is the cause of the decline, and not the duty, " per se." Hence it is manifest, that upon a great many articles, the imposition of a duty, high or low, has no effect whatever. All descriptions of commodities which we wholly or in great degree supply ourselves, such as hay, beef, pork, corn, &c., are of this class. Foreign nations raise none of these things to supply our markets. Of course, a high duty on them excludes nothing designed for us, and has no effect on prices abroad. On some articles, undoubtedly, an increased duty would enhance the price. This is the case with nearly all such as we do not and cannot furnish for ourselves, and with which we have nothing to come in competition. Quicksilver is an instance of this, and perhaps tin also, and probably madder, and divers other articles of dye stuffs. But even to this, there are some exceptions ; we do not pro¬ duce coffee or tea; and yet it has not been found, practically, that a small duty upon them increases the price at all. The reason is, that these, are commodities abundantly produced, the consumption of which is very great in this country—greater in proportion to numbers, I believe, than in any other country on the globe. Any thing, therefore, which should check their importation in any sensible degree, would throw a large surplus upon the other markets of the world, or leave it uncalled for in the hands of the producer. As the demand for our consumption would be reduced if prices here increased, and thus a surplus be occasioned abroad, the natural ten¬ dency is, that the price abroad sinks, as it invariably does, when the de¬ mand declines ; and if it sink abroad, the articles can be imported, not¬ withstanding the duty, and sold as low as before. The class of articles, therefore, which are ultimately affected in price by protective duties, are those which other nations extensively manufacture for us, but which we have the skill—capital—ability, to manufacture for ourselves. If they are articles not supplied to us by other nations, then the duty cannot affect them at all. If we have not the means to supply them ourselves, nor any substitutes for them, they are generally liable to be enhanced by additional duties. But wherever there is an extensive production abroad for our consumption of commodities which we can readily furnish for ourselves, any thing which tends to bring our own supply into the market, whether it be high duties or any thing else, any cause which enlarges and increases the amount of our products, necessarily and inevitably tends to reduce the price of the foreign. If this competition reduce it in a greater de¬ gree than the duty would otherwise have raised it, then the price posi¬ tively declines. It becomes actually less than it was before—not because a duty is imposed upon it, but because a rival article has met it in the market. Sir, I hope I ain understood in this matter, for I do not desire to be represented as maintaining the broad, unqualified proposition that a high duty, under all circumstances, upon whatever article imposed, neces- 17 I sarily reduces its price. That the ultimate effect of protecting American manufactures and American industry, is to reduce the prices of all com¬ modities thus made at home, is corroborated by so long a course of obser¬ vation and experience, as no longer to admit of doubt. Not to see it, is not to see the plainest evidences which can be addressed to our senses or our understanding. But the Senator regards all this as "incomprehensible," as a "confusion of ideas." How can foreign commerce increase under high and prohibitory duties ? " How do you increase competition by ex¬ cluding the cheapest competition ?" These questions imply two things, which are not true in point of fact: First, that the duties are prohibitory, and next that the foreign competition can or does furnish at the cheapest rates. Foreign commerce, it is admitted, could not be benefited by a scale of duties generally, or in great degree, prohibitory. That such is not the character of the act of 1842, is demonstrated by the fact, that very excessive—-loo excessive imports are now daily made—too excessive, I mean, if the same proportion should long continue. If the act is not pro¬ hibitory, then I can well understand how foreign commerce maybe im¬ proved, and imports increased, by every thing and any thing which im¬ proves the capacity and ability of the country to obtain and consume arti¬ cles of foreign origin ; and 1 endeavored in my former remarks to show that the protection and encouragement of our own laborers, and our own people, was the most efficient means of improving their ability to consume such commodities. High duties or low duties—it matters not, your for¬ eign commer ce has nothing else to rest upon, but the ability of the people of the country to buy and pay—and if you would increase your imports, you must increase the means of payment of those who are to consume them ; and this you can do in no way so effectually, as by protecting their labor, and securing them a fair reward for what they do. Nor is it true that we exclude the cheapest competitor. Our experi¬ ence has not been so. When the foreigner, under low duties, had the market almost exclusively to himself, he exacted his own prices. If he could produce cheaper, it did not follow that he would sell cheaper. He added what profits he pleased. There was indeed scarcely any competi¬ tion.. All we have said to the foreigner in the enactment of protective laws is, not that we will exclude you ; but we have said, you have made enormous profits—you exact high prices. If you come to our markets you shall pay a part of these profits for that privilege, to the support of our Government. The effect is, that domestic competitors supply and more than supply the vacancy occasioned by his withdrawal. The country is abundantly furnished with every thing which it needs, as cheap or cheaper than before. The domestic producer cau afford to supply and actually does supply at the cheaper rates, because he is now sure of a market. He knows what to rely upon. He has no apprehension of being compel¬ led to work at a loss—to sell at a sacrifice—by the sudden and excessive influx of a surplus of foreign manufactures, designed perhaps for his de¬ struction, so that the foreigner may again recover the market, at his former prices. It is the certainty—the stability—the assurance which he has of meeting ready sales, that enables him to extend his operations, and to af¬ ford his fabrics at the cheapest rates. The presence of a "cheaper com¬ petitor'' might, it is true, reduce prices for a short period, at much loss to both; but when the domestic producer is destroyed, and his productioni 2 IS driven from (he market, it will be found, and it always has been found",, that the cheap competitor becomes in reality the dearer. I have no doubt that if we were now to make a large reduction in our rate of duties, prices would decline ; but this would be a temporary effect only. It might continue a year or two—long enough to prostrate utterly all our manufacturing establishments, and turn thousands of laborers out of em¬ ployment. The competition would then cease—our markets would not be overstocked, and prices would be raised by the foreign producer, and the importer, to suit their own interests and advance their own profits. The final result would be, that instead of excluding the foreign competitor, as the Senator from South Carolina supposes is now done, we should effectu¬ ally break down the domestic one, and subvert the hopes and happiness and prosperity of tens of thousands of industrious and intelligent Amer¬ ican laborers. In the course of the observations which I had the honor to submit some days ago, in reply to the first speech of the Senator from South Carolina, I endeavored to show him the fallacy of the position which he had maintained, that there was no competition, and could be none, between the laborers and manufacturers of this country and of Europe, in the supply of the commod¬ ities for our general consumption. I attempted to demonstrate, and I think not unsuccessfully, that the competition was directly and immediately be¬ tween American workmen and foreign workmen. And how does the Senator meet that argument ? Why, he turns round, and demands to know if he has not a right to employ foreigners, if he chooses to do so ? Has he not a right to do with his own as he pleases ? He employs them— they employ him. He buys their fabrics—they buy his cotton. Is not this mutually beneficial r Now, sir, nobody has denied his right to do so.. The question is not a question of right—but of policy and expediency, founded on enlarged considerations and comprehensive views of national interests. The question is, whether such employment, in preference to employing our own people, is not injurious to our people—whether it does not bring their labor in competition with that of others who live poorer, work harder, and sutler more severely the ills of penury and ignorance? I do not doubt his employment of foreign laborers is beneficial to them— that it adds to their means of subsistence and comfort; but I affirm that it detracts precisely so much from the ability and means of subsistence and happiness of our citizens, who are seeking the opportunity of profitable labor, which is thus bestowed abroad. 1 affirm that it tends to reduce the condition of the laboiing men and laboring women of the United States to that of the suffering and ill-requited operatives of England, and of the older countries of Europe. That is the matter to be considered, and not the mere abstract right of the thing. [Mr. McDuffie said : His proposi¬ tion was, that foreigners employed precisely as much of his labor as he did of theirs—and that, but for their employment of his labor, he would not have so much profitable labor himself.] Well, sir, I will consider that, when I come to his argument of "homogeneous interests," and I will en¬ deavor to satisfy the honorable Senator that the foreign manufacturer does no ruch thing as he imagines—that they do not return labor for labor—or any thing like it; that, on the contrary, a very small part of their labor pays for a large part of his. But 1 pass it for the present. 1 am now endeavor¬ ing to show how vastly better it is, in a national point of view, to give em- 19 ployment and the benefits and rewards of employment to our own people, than to bestow them upon foreigners. Would it not be a positive addition to national wealth ? Suppose the Senator should send abroad one hundred bales of cotton, worth fifty dollars a bale, and have it spun, wove, printed, and colored abroad, giving employment to thousands of persons. The finished fabric is returned to him enhanced in value ten-fold. He sent abroad 85,000 of American labor, and he brings back forty-five thousand of foreign labor added to it. Could not this forty-five thousand have been retained at home, and would it not have made the nation just so much richer ? But he will say, no—1 bring back only five thousand dollars of manufactures, just as much as I sent abroad—the balance is retained, to pay the expenses of manufacture. So be it—the result is the same. They work up for him ten bales of his cotton, and he pays them with the ninety bales which they work up for somebody else. Have not all the profits of the labor gone abroad ? Has not every dollar of his labor given employ¬ ment to foreign labor nine times greater, which might have been given to American labor? The Senator made one admission, which seemed tome to give up the whole argument. He admitted that the demand for our pro¬ ductions by other nations would depend upon their ability to buy and con- * sume them, and that their ability would depend upon the employment •which they have ; and he maintained, that but for our protective policy, they would be employed in manufacturing fifty millions more for us, thus enabling them to buy fifty millions more of us. Now, sir, let us turn this argument round, if I may so express it—let us apply it to ourselves, to our own condition. I endeavored to demonstrate before what the Senator admits, that our consumption as well of foreign as of domestic productions depends upon our ability to pay for them ; and that ability depends upon t ie employment which we have—upon the industry, and the rewards of the labor of our people. It is equally true of us as of other nations. Hence, I maintained that our true and sound policy is, to encourage and protect and promote our own labor and industry, with a view to the comfort and happiness of our people, and the elevation of their condition, increasing their consumption, thereby increasing the demand, and thus adding to the commerce as well as to the manufactures of the country. All this 1 maintain¬ ed as well as I could in my former remarks. The honorable Senator ad¬ mits the premises. Is not the conclusion irresistible ? Is not the policy of sustaining home industry vindicated and justified ? But as to the con¬ clusion which the Senator has come to in another particular, I differ from him entirely—wholh'-—unqualifiedly. He supposes, but for our laws, we should take fifty millions more of foreign productions, which would o f course require fifty millions more of our productions, cotton chiefly, if not entirely, he supposed, to be exported in payment. Now, I admit if we should buy fifty millions more, we must pay fifty more, unless we repudi¬ ate ; of which there would, in a few years process of that sort, be some danger. If we take it. This if sir, is a great word. Should we take it ? How are we to pay ? The ability of a nation, remember, depends upon the employment of its people. We should throw out of employment thou¬ sands and hundreds of thousands, who are now directly and indirectly con¬ cerned in the manufacture of the articles which the imported fifty millions ■would displace. All these would no longer have the means of consump¬ tion. In the infinite and diversified interests and ramifications of society 20 and business, what affects one branch, or one class, more or less affects all. A general stagnation—a general prostration—must take place, and consump¬ tion generally would decline. We could not import the fifty millions, be¬ cause we could not pay for them. But if we could pay, bow is it to be done ? In cotton ? Sir, I argued this before. 1 showed that England cannot take fifty millions more of cotton, unless there be a corresponding demand for the fabrics of cotton. Cotton i3 a raw material, of little value compared with the fabrics made from it. Fifty millions of raw material is equal to five hundred millions of finished production. Now, is it possible that an additional consumption by us of fifty millions, composed of all de¬ scriptions of articles, of woollens, silks, linens, iron, and cutlery, hats, coal, salt, can give an increased consumption in the rest of the world of five hundred millions of cotton fabrics? The profits of manufactuiing fifty millions, I cannot even conjecture—but, for illustration, suppose it to be thirty millions—that is, of fifty millions of manufactured articles, the raw material may be twenty millions, and the labor thirty. Does any body suppose that, by giving employment to thirty millions more of labor, so enormous a stimulus can be afforded to the manufacture of cotton, as to require fifty millions more of raw material and four hundred and fifty mil¬ lions of labor ? If cotton were an article of subsistence, to which no ad¬ ditional value could be given by manufacturing, like flour, beef, coffee, su¬ gar, &c., it would be quite reasonable to suppose that other nations who require it for consumption, would take as much in value from us, as we would take of their manufactured productions. The laborer who earned a dollar in working for us, would be likely to want his pay in an article of subsistence. But if we pay him a dollar now, he requires very little of it for cotton fabrics. lie needs it for bread and meat, which he will not take from us—and tea and coffee and sugar, of which we produce none to sup¬ ply him. No, sir ; we may buy fifty millions more of foreign fabrics if we please, but it would afford a very small additional demand indeed for our cotton,—less than it would destroy at home. The Senator has spoken of the great interests of the different sections of the United States, as conflicting interests ; and he expressed a fervent wish that all our interests were alike—homogeneous; and in the conclu¬ sion of his remarks he illustrated his meaning by supposing the Union to be divided into three distinct confederacies—the Northern and Eastern, composed of manufacturing and navigating States—the West of agricultul- ral, and the South and Southwest of planting. Each of these would hare homogeneous interests, or rather each would have but one. interest. Now, sir, I am very sure the honorable Senator finds no warrant in Adam Smith, lor the preference he has expressed of a nation of homogeneous interests ; but on the other hand, I think he will find opinions, and very strongly ex¬ pressed ones, directly opposed to these which he has now advanced. What nation in the world ever attained permanent eminence, or wealth, or power, but by the prosecution and pursuit of several and various and diversified interests ? [Mr. McDuffie said—what he meant was, a general diffusion of all interests throughout every section of the Union.] In the nature of things, that is impossible. The North can never raise cotton or rice—and the West can never become navigating. So far as a diffusion of interests can be effected, the protective policy is calculated to 21 effect it. Manufactures are more and more spreading, both South and West, and many ybars will not elapse before they will become objects of great solicitude and importance to these sections. Speaking of the importance of promoting and developing all the three great interests of nations—agricul¬ ture, commerce, and manufactures—Adam Smith says: " The country which " has not capital sufficient for all these three purposes, has not arrived at " that degree of opulence for which it seems naturally destined." Again: iC the revenue of a trading and manufacturing country, must, other things " being equal, always be much greater than that of one without trade or " manufactures." These conclusions are most unquestionably true, and the great end and object of the protective policy is to foster and build up all these interests, so essential to national strength and power, and to in¬ dividual happiness and comfort. No nation, from the pursuit of any one of these great branches of human labor alone, not even from commerce, ever attained to permanent or enduring pre-eminence and prosperity. How was it with Venice, the greatest commercial Power of the middle ages? Venice, proud—aspiring—wealthy— " A ruler of the waters and their powers; And such she was. Her daughters had their dowers From spoils of nations ; and the exhaustless East Poured in her lap all gems in sparkling showers; In purple was she robed, and of her feast Monarchs partook, and deemed their dignity increased." Such was Venice ; but what is Venice now ? Owing her grandeur and magnificence wholly to her commerce, when that declined, from causes beyond her control, she sank almost beneath the waves of the ocean from which she at first arose. With no agriculture, and scarcely any manufac¬ ture, she had but one interest to sustain her, and to prop up her falling greatness. So also it has been with Holland, the greatest commercial nation of the seventeenth century—to which the other Powers of Europe were tributary in large degree. Yet, from causes before adverted to, Holland fell from her proud and lofty pre-eminence. Her glory and her strength waned away before the rising greatness of England—a commer¬ cial, an agricultural, and a manufacturing nation—and the thunders of a Van Tromp and a De Ruyter will never again be heard upon the bosom of the ocean. Sir, I differ entirely from the Senator in the opinion he has expressed, that the interests ef the different sections of this country are in conflict, or that there is any hostility between them. They are different undoubtedly, but, not adverse. It is this very fact of difference that con¬ stitutes their harmony. " All nature's difference makes all nature's peace." The Senator supposes that, in view of this conflict of interests between the different sections of the country, the framers of the Constitution wisely and expressly limited the powers conferred upon tliG General Govern¬ ment to our foreign relations ; leaving our whole domestic policy, much the most important of the two, wholly free from the control of that Govern¬ ment which they were about to establish. I do not so read the history of that day. On the contrary, the fiamers of the Constitution, and the sages of the Revolution, looked upon this diversity and variety of interests— this difference of soil, climate, productions, and pursuits, as among the causes most favorable to the permanency of the Union, and the indepen- 22 der.ce and prosperity of the whole country. They regarded the mutual de¬ pendence of the different sections of the country upon each other—the capacity to supply each other's wants—the markets afforded for each other's productions—as tending to erect and establish, not rivalry and con¬ flict, but harmony and peace—mutual intercourse—fraternal regard, and indissoluble union. Mr. Madison, in an early number of the Federalist, says: i "It has often given me pleasure to observe that independent America was not composed of de¬ tached and distant territories, but that one connected, fertile, wide-spreading country was the portion of our Western sons of liberty. Providence has, in a. particular manner, blessed it with a variety of soils and productions, and watered it with innumerable streams, for the delight and accommoda¬ tion of its inhabitants. A succession of navigable waters forms a kind of chain round its borders, as if to bind it together ; whilst the most noble rivers in the world, running at convenient distances, present them with highways for the easy communication of friendly aids, and the mutual trans¬ portation and exchange of their various commodities. " "This country and this people seem to have been made for each other ; and it appears as if it was the design of Providence that an inheritance so proper and convenient for a band of brethren, united to each other by the strongest ties, should never be split into a number of unsocial, jealous, and alien sovereignties. Similar sentiments have hitherto prevailed among all orders and denomi¬ nations among us." I could find and read, if it were necessary, much more of the same im¬ port, from the most eminent of the patriots of that day. The idea of a conflict of interests never prevailed any where. The very diversity and variety was regarded as most fortunate. The convention at Anna¬ polis, therefore, could have been influenced by no such considerations, and they accordingly bestowed upon the General Government the whole power over commerce, both foreign and domestic. Indeed, does not the Sena¬ tor well remember that one of the leading objects of that convention was to invest the Government of the whole with this very power of imposing uniform duties upon foreign imports, for the regulation of trade, and for the purpose of arresting what was then a great evil, an exces- tive importation and consumption of foreign productions, to the great injury of the industry of the country ? The power wb conferred, with a view to being exercised, for the very end we now exercise it; and the very first exercise of it, in the first Congress, where so many of the eminent framers of the Constitution sat, was de¬ clared to be, among other objects, '■'•for the encouragement and pro¬ tection of manufactures." I see no evidence, therefore, that the wise men who established our form of government were actuated by any such opinion as the Senator has ascribed to them, that the interests of different sections of the United States are in conflict with each other. Differing again with the Senator, I hold it to be exceedingly fortunate that there can be no such diffusion of interests as he desires. What would be the result if such a state of things actually existed? The North and East producing every thing which the South and the West produces, and they in their turn producing every thing which the East and the North produced, what internal commerce could exist? What commu¬ nication between the different sections? What occasion for canals and railroads? There could be 110 trade—no transportation of com¬ modities—no domestic and interior navigation ; but, on the contrary, 23 ■•the trade of every part, if trade it could have at all, would be with for¬ eign dependencies—rivalries and jealousies would grow up, and interests really conflicting would inevitably ensue. With no internal commerce,< no business connexions, little or no personal intercourse, the different parts of the Union would be almost wholly strangers to each other, feebly held together, and ready to break asunder on the slightest occasion. The Senator desires this diffusion of interests, so that the practical operation of all laws should be equal on every section of the country—a very desi¬ rable object, I am free to admit. I have before endeavored to maintain that the protective policy does not bear upon the South in the oppressive manner which the Senator contends it does, and I am not about to repeat that argument; but I will here make a brief reply, which I promised just now, to the suggestion of the Senator, that foreigners take just as much of his labor in exchange for their productions, as he takes of theirs. I pro¬ mised to show that this was not so ; and if it be not so, he may find in that, one chief cause of the decline of Southern prosperity, if it have re¬ ally declined in the manner which he has supposed. 1 have already stated that no instance can be found, of a nation becoming permanently great and prosperous, which has but one single interest to rely upon ; and I will add, that no instance can be found of a nation exporting all its raw productions being able to maintain a competition, in wealth or power, with another which retains and manufactures them for exportation. Hear what Adam Smith says on this matter : "A small quantity of manufactured produce, purchases a great quantity of rude produce. A trading and manufacturing country, therefore, naturally purchases with a small part of its manufac¬ tured produce a great part of the rude produce of other countries ; while, on the contrary, a country without trade or manufactures, is generally obliged to purchase at the expense of a great part of its rude produce a very small part of the manufactured produce of other countries." This is the condition of the South. It exports only its rude produce ; the raw material, very little enhanced in value by labor. It requires, therefore, a very large proportion of its whole production, to be given in exchange for a very small proportion of the production of the foreign man- 4 ufaeturer, with whom the exchange is made. The Senator says he ex¬ changes labor for labor; so he does : but he exchanges a great deal of his labor, for a very little of their labor; a large part of his production, for a small part of their production. Manufactures are, in a great degree, the production of machinery; and a very little human labor, aided by ma¬ chinery, compensates a vast amount of labor employed in the production of the rude material. For illustration, the cotton crop of South Carolina, f may be assumed to be of the value of five millions of dollars. I presume that it requires, at least, the labor of one hundred and fifty thousand per¬ sons, actually employed. Now, the whole cotton manufacture of Eng¬ land. amounting to two hundred and sixty millions of dollars, requires, ac¬ cording to Spackman, the labor of only about two hundred and fifty thou¬ sand persons. Deducting from the total produce, the value of the raw material, say fifty millions, and you have the labor of two hundred and fifty thousand persons, amounting to two hundred and ten millions. To purchase, therefore, the labor of one hundred and fifty thousand persons, employed in growing the raw material, the labor of less than six thousand persons, engaged in the manufacture of it, is necessary. I lay out of view, on both sides, the capital employed, which, undoubtedly, is much 24 greater in manufacturing, than in raising the raw material, as I am not en¬ tering into a comparison of profits, but merely elucidating the idea, that a nation which exports all its labor, in the shape of rude produce, obtains jvery much less of (he labor of others, in a manufactured form, in exchange for it. The power of machinery, in Great Britain, is stated by Dupin to be equal to eight millions of men; but tlie number of persons actually employed in manufactures, is said by Spackman to be only four hundred and twenty-four thousand two hundred and nine, in five of the most im¬ portant branches of manufactures. Of the number employed in other branches, 1 have no certain data for computing; but of human labor, Great Britain, I doubt not, employs less in producing the enormous amount of eight hundred and sixty millions of manufactured productions, (de¬ ducting the value of the raw materials employed, probably one-third is ample,) than is employed in the United States, in raising all the cotton, tobacco, and rice, which is produced here, not exceeding, probably, sixty or seventy millions of dollars, and employing one and a half million, or more, of actual laborers. It is very evident, that a nation whose whole labor is given for one-half the labor of another nation, of equal popula¬ tion, cannot long maintain an equality in wealth or power. The value of the labor of one, is but one-half that of the other. But, sir, notwithstanding this inequality, growing out of the nature of the different kinds of labor, the Senator is quite mistaken, I think, in the opinion which he has reiterated, that capital, at the Sou£h, receives much less than that which is employed in manufacturing. He reaffirms that the profits of manufacturing, are twenty, thirty, and even forty per cent., while the profits of the planter do not exceed five per cent. Is this so ? The Senator has opened a great question, which many will be ready enough to discuss with him—the value of slave labor, compared with that of free labor; but 1 have not the time, nor the ability, and, perhaps, not the inclination, to pursue it fully. I content myself with pointing out some of the errors into which, in my judgment, he has fallen. And, in the first place, let us settle the meaning of terms. What does he mean by " capital ?" What by "profits'? Under the head of capital, he includes lands, slaves, implements of all kinds, necessary to the cultivation of his plantation. Profits, he considers the nett receipts of his crop of cotton, tobacco, and rice. All his labor is capital. It seems to me, sir, that to make a fair comparison between the profits of the planter and the manu¬ facturer, he should either strike out this item of capital, or should make a just allowance to the capital of the manufacturer for the labor employed by him. But a better mode to test the relative profits of labor, at the South and the North, would be to ascertain the relative amount of pro¬ duction ; for if it should appear that the South produces as much in value, according to its population, as the North, I apprehend it can have no ground of complaint or jealousy, if, from other causes, it does not make so large a dividend on the capital which it chooses to employ. If it em¬ ploy an expensive capital, of course it cannot expect the same profit (hat a less expensive one would make. I feel under great obligations, and I am sure the country is, and Congress also, to a gentleman of much dis¬ tinction, in Virginia, formerly a member of Congress, Mr. Tucker, pro¬ fessor of moral philosophy and political economy in the University of Vir¬ ginia, for what seems to me an exceedingly valuable book, just published, 25 showing the progress of the United States in population and wealth, in the last fifty years. The work is prepared from authentic sources, and exhibits great industry, research, and fairness, and 1 hope its intelligent author may find sufficient encouragement to pursue his inquiries and in¬ vestigations, and to favor the country with an extended edition. Among the valuable tables contained in it, 1 find one, entitled, "Summary of the annual products of industry in the several States, with the proportional amount to each individual of the whole of the free population in each State." From this it appears that the total annual product of the six New England States, is $187,657,294, being an average of eighty-four dollars per head, of their population. The total product of the Middle Slates, to and including the District of Columbia, is $390,558, 303, being an average of seventy-seven dollars per head, of the free population. Of the Southern States, Virginia, North and South Carolina, Georgia, and the Territory of Flor ida, the total value of the production is $175,321,836, giving an average for the free population of eighty-seven dollars per head. The Southwestern States produce $138,607,378, an average of ninety- seven dollars per head, of their free population. The total product of the Northwestern States, including Missouri, Kentucky, and the Territories, is $170,989,925, being an average of forty-four dollars per head, of the free population. While, therefore, the average production for every in¬ habitant of New England, is eighty-four dollars, it is, for every free per¬ son of the Southern States, eighty-seven dollars, and for the Southwestern cotton-growing States, ninety-seven dollars. In South Carolina, the whole product is $27,173,536, an average of one hundred and one dollars for every free inhabitant—considerably exceeding the average of New England, and quite equal to that of Massachusetts, notwithstanding Mas¬ sachusetts must have a much larger capital employed. I admit that these are averages founded upon the free population; and it is right that it should be so. The Southern labor is regarded as capital, and not as per¬ sons ; and the Senator computes his profits, regarding it as capital. He cannot treat it as capital, when he speaks of profits ; and persons, when he speaks of product. The free population of the South, by the use of so much capital, produce a given amount of value; and so of the free popula¬ tion of the North ; and the just comparison is to be made between these two products. But, sir, to pursue this matter a little further. The Senator says that the profits of the planting interest do not exceed five per cent., in South Carolina; that is to say, that the cotton and rice produced pay no more than five per cent, on the capital, land, labor, and all, invested in plant¬ ing. He takes into view nothing but cotton and rice. But does South Carolina produce nothing but these ? One would suppose, from the man¬ ner of the discussion, that these were her chief, if not sole products: but the whole product of South Carolina amounts to twenty-seven millions and over, less than one quarter of which consists of cotton and rice. The value of Indian corn, produced in that State, is considerably greater than that of both together, being ...... - $7,361,402 Whereas cotton amounts to ..... $4,628,270 Andriceto ------ 1,514,771 6,143,041 Balance in favor of corn 1,218,361 26 It is abundantly manifest, therefore, that all the capital and labor of South Carolina is not devoted to raising cotton and rice. If these two give a profit of five per cent., then the whole product ol the State would give a profit of over twenty per cent. Why are the other products kept out of view ? Why is the whole wear and tear of capital thrown on cot¬ ton and rice alone ? I take it, before the Senator can say that labor and capital are not as well rewarded in South Carolina, as they are at the North, he must take the ivhole product into the account, and not that only which he chooses to sell for money. Let the same mode be pur¬ sued in both instances, and the true relative value will be seen. [Mr. McDuffie said : I do not know what argument of mine the Sen¬ ator is answering. I ain not conscious of having said any thing to which his argument applies. I merely stated that the profits of cotton planters did not amount to five per cent, on their capital.] I know that; and I know that the Senator stated, also, that the profits of manufacturers were twenty, thirty, and even forty per cent.; and, on ac¬ count of this inequality, he denounced, with great vehemence, the pro¬ tective policy, to which he attributed it. I am endeavoring to show that no such inequality exists; that the productions of labor and capital are as great at the South as at the North ; and I repeat, that he is not to throw the whole cost of all the productions of South Carolina on cotton and rice alone, when much of its labor and capital are otherwise employed. The labor and capital of that State yield a product of over twenty-seven mil¬ lions, less than one-quarter of which, cotton and rice, pays a profit, ac¬ cording to the Senator, of five per cent. If he will include all the pro¬ ducts ot that labor and capital, the profits will be near twenty-five per cent. Why are these excluded from his calculation? The Senator will, un¬ doubtedly, answer, that he makes no account of the other agricultural productions, because they are all necessary to the sustenance of the labor¬ ers themselves, and are consumed by them, yielding no profit to the planter; that he gets no returns for them. But this will be no satisfactory reply. If he chooses to employ as capital, a kind of labor which earns little or nothing beyond its own subsistence, he cannot, of course, expect very large profits, or even any profits at all; nor does it furnish any just ground of complaint, that investments in other pursuits, where the capital does not require so great expense of maintenance, is more lucrative. It is one of the inseparable circumstances and conditions of his mode of in¬ vestment, that the capital requires so large a portion of its earnings to sus¬ tain itself—its daily preservation and subsistence. If the machinery of the manufacturer required such expensive repairs and preservation, the profits of investments in those pursuits would be found quite as low as those which the Senator supposes the Southern planter now to derive. If the machinery of the planter expends one-half or two-thirds of its power in providing support for itself, can he expect to obtain the same rate of profits on the capital invested, as others obtain, whose machinery does not expend one-twentieth or one-fiftieth of its power for the same purpose ? Professor Tucker furnishes data on this subject, by which some estimate may be made of the very expensive nature of the capital invested in Southern labor. He computes, that only three-fifths of the whole num¬ ber of slaves are employed as actual producers. He says : '27 r "The slaves.—As in this part of the population, both women and children are employed in field labor, especially in the cotton-growing States, we are led to assign to the laboring class a far greater proportion of the whole number than is usual; but, on the other hand, that proportion must be greatly reduced when we recollect that nearly 3d per cent, of the whole number are un¬ der ten years of age ; and that much the larger part of the females, as well as a considerable num¬ ber of the males, both adults and boys, are employed as household servants, who were not reckon¬ ed in this part of the census. When, to these deductions, we make a fair allowance for the in¬ firm and superannuated, two-fifths of the whole number would seem to be a liberal estimate for the slave labor comprehended in the census ; and this rough estimate receives confirmation from a careful inspection of the returns, and a comparison between the number of productive laborers in the slaveholding and other States." The meaning of this last sentence is not very clearly expressed ; but from the paragraphs which follow it, we perceive that the author intended to express the opinion that three-fifths of the whole number of slaves are producers, and two-fifths non-producers. Now, when you consider that two-fifths of the capital (perhaps not so large a proportion in value, how¬ ever, but, at all events, no inconsiderable proportion) is not only wholly unproductive, but is a positive burden upon the productive portion, ought it to be a matter of much surprise, that no more than a profit of five per cent, can be realized upon the whole of it? If rice and cotton together, amounting, in value, to six millions of dollars, be only about one-third of the whole agricultural product of South Carolina, leaving out of view the raising of animals, which is four millions more, it is apparent that what the Senator calls the projils of the planter, is only the product of one- third of three-fifths of the capital thus invested—that is, of one-fifth only. Now, sir, this is far beyond any profits derived from manufacturing. One- fifth of the capital thus invested, yields no such returns ; indeed, the whole capital, in a series of years past, in no branch of manufactures, has yielded, on an average, even six per cent. In order to any just compar¬ ison of profits between the planting interest and the manufacturing inter¬ est, the Senator must do one of two things : He must either regard his , labor, as mere labor, and not as capital, or he must add to the capital in¬ vested in manufactures the labor actually employed, and two-fifths more, unemployed, together with all the subsistence ot that labor, all the ex- • penses of sustenance of the laborers themselves, and of the non-producing members of their families. He will see that, in this way, the capital will be swelled enormously, and the profits, of course, proportionally dimin¬ ished. But, regarding the question as one of the products of industry in the different sections, he will find that the average, per capita, is greater in the planting States, than in the manufacturing States. The tables, how¬ ever, in Mr. Tucker's book, do not give so full information as to the exact products of labor, as is desirable. The product stated, is the product of labor and capital combined ; and this is to be kept in view; otherwise, very delusive results would be reached. For instance, it appears that the total product of the Northwestern States and Territories—Missouri, Kentucky, Ohio, Indiana, Illinois, Michigan, Wisconsin, and Iowa—is $170,989,925, being an average of only forty-four dollars per head, of the population ; whereas, the average in New England is eighty-four dollars, and in Mas¬ sachusetts, one hundred and two dollars, and in Rhode Island one hun¬ dred and ten dollars. But, after all, these new States are increasing 28 much more rapidly in wealth and population, and the earnings of labor are undoubtedly as great there, as elsewhere. Else, why such a vast emigration to (hem ? It must be considered that the forty-four dollars earned there, is almost entirely for labor. The capital employed is very small. Lands are cheap, stock and agricultural implements, of no large amount. But in New England, a large capital is employed to enable the laborers to earn the eighty-four dollars per head. The interest of this, the wear and tear of machinery, the loss and decay of ships, are all to be provided for, leaving the balance for labor; and after all these deductions are made, there can be no question but that the average earnings of labor are as great in the Western States, as in the East. To illustrate this, suppose there are one hundred men in New England, whose annual pro¬ duction, as exhibted in the tables, is one hundred dollars each, amounting to ten thousand dollars; while the same number, in South Carolina or Indiana, appear to have produced seventy-five dollars each, amounting to seven thousand five hundred dollars. It would appear, at first view, that the production was twenty-five per cent, greater in the former, than in the latter. But, in order to earn the ten thousand dollars, suppose they have been obliged to employ a capital of fifty thousand dollars in their operations, the interest of which is three thousand. It is apparent that they have really earned only seven thousand dollars for labor, which is less than the same number, without capital, produced in the other States. We are, therefore, to take into careful consideration, all the circumstances attendant upon the production, to determine the just proportions which capital and labor earn in the different sections of the country ; and when this is done, 1 am confident, there will be no occasion for supposing that any one of them is obtaining a disproportionate reward, at the expense of any other. The Senator from South Carolina, in the concluding part of his speech, broached another idea, to which I feel bound to pay some attention, and which I may as well bestow upon it here, as in connexion with the topic which he illustrated by it. He affirms that the Northern and Eastern sec¬ tions of the country "now receive the greater portion (probably nine- tenths) of the enormous disbursements of this wasteful and extravagant Government;" and he attributes no small share of their prosperity to this cause. I hardly know what this has to do with the act of 1S42, if the fact were so. It would be a very fit subject for consideration and for adjust¬ ment, when the appropriation bills, or other bills authorizing disburse¬ ments, are on their passage ; but, at present, the discussion of such a topic seems to me inappropriate. But, as it is affirmed, I must take the occa¬ sion to deny it altogether. I assert that there is no such disproportion as the Senator supposes. He certainly cannot have investigated the subject, or he would have discovered that his opinions have no foundation in fact. Some years ago, in the other House, 1 was under the necessity of meet¬ ing this same assertion ; and I then did examine the matter with some care, especially in reference to one very considerable item of expenditure—for¬ tifications; and I assure Senators the facts were very different from what is supposed. No such inequality exists. A full proportion of disburse¬ ments is made at the South, and for the benefit and protection of that sec¬ tion. No injustice has been done. I deny it altogether. I call for the 29 proofs. I demand the specifications. Assertions of this sort have been so frequently made, in one or the other House of Congress, that many persons are led to believe them well founded, and to attribute the pros¬ perity of the North to Government expenditure. During a considerable portion of the time since the protective policy has been in operation, the whole expenditures of the Government were but thirteen or fourteen mil¬ lions, annually. Does the Senator suppose that thirteen or fourteen mil¬ lions, even il every dollar of it had been lavished there, was the occasion of the prosperity of the North? If the whole amount were actually given to the North, without any return for it, the effect upon the general business of the country would be very insignificant. But the North pays for all it receives. It renders value for value.— Twelve or fourteen millions of dollars, or even twenty millions, is a very inconsiderable fraction of the vast business of the Northern and Middle States—of the commerce, navigation, fisheries, agricul¬ ture, manufactures, mining, of over seven millions of people, producing, annually, six hundred millions of dollars value. The city of New York, by a single conflagration, a few years ago, lost thirty millions of dollars in a single night; a great disaster, undoubtedly. Yet the space over which the destroyer passed was small, and hardly visible in that extended emporium. It was soon rebuilt, and in a short time all traces of the loss had disappeared. Much individual suffering, much want, was undoubt¬ edly experienced ; but, as an object of importance to the nation, or even to the State or the city of New York, it was of very little moment. It bore a very insignificant relation to the great mass of business, wealth, and expenditure, of that great city. Sir, if every dollar of public expen¬ diture should be withdrawn from the North, no visible effect upon the business or prosperity of that region would be experienced. A few con¬ tractors and agents would lose opportunities of acquiring considerable pro¬ fits ; a few laborers would be required to seek other employment; but the great mass of the people would be wholly unaffected by it. Mr. President: I have but little more to say in reply to the Senator t from South Carolina, and that relates to the view which he has presented, in the way of illustration, of the effects of a peaceable separation of our Union into distinct confederacies, upon the welfare and prosperity of each. [Mr. Morehead here requested Mr. Evans to postpone his observations on this head, until to-morrow ; and on his motion, the Senate adjourned. On the following day, Mr. Evans continued his remarks, as follows:] I assure you, Mr. President, that it was with very great reluctance I consented, yesterday, at the request of several friends near me, to post¬ pone, until this morning, the few remaining observations which I have to make, in reply to the Senator from South Carolina. I am fully sensible that I have occupied, already, far too much of the time and attention of the Senate, in the discussion which has been forced upon me, and I have only to express the sincere hope and trust, that, in the further prosecution of it, nothing may occur to render it necessary for me again to tax the patience of Senators upon these topics. The concluding portions of the Senator's speech, touching the separation of this Union into various con¬ federacies, is what I propose now to consider. In order to bring his views " to a ■practical test" as he says, and to 30 demonstrate the injustice and inequality of the protective system, the hon¬ orable Senator has drawn very largely upon his imagination. lie in¬ dulges liberally in the exercise of this creative faculty of the mind a faculty, however brilliant, however desirable, which has never been re¬ garded, in any school of philosophy that J am aware of, as a very severe " practical test." The regions of fancy, though ever so thoroughly ex¬ plored, are not productive of those plain, obstinate, convincing things, called facts, to whose tribunal all theories, and all speculations, must sub¬ mit themselves, and by whose decision they must stand or fall. The Senator from South Carolina, for the purpose of applying this prac¬ tical test to his theories, indulges in the supposition of a peaceable sepa¬ ration of our Union into three distinct confederacies—a supposition by the way, which 1 think always exceedingly to be regretted when made, even though it be merely for purposes of illustration. Elsewhere it may be taken as matter of serious recommendation and advice. Men of more zeal than the Senator, (if such can be found any where,) and of less dis¬ cretion, (and such undoubtedly may be found every where,) led captive by the gorgeous delineations of happiness and wealth to be realized by such an ill-starred event as that which the Senator has supposed, may be hurried on to the accomplishment of what seems to them so full ot promise and of hope. But, sir, it is not for me to complain of the mode of illus¬ tration, which Senators deem suitable to employ. I shall content myself with attempting to show that, in the piesent case, it is altogether falla¬ cious and delusive. The Senator, 1 am aware, is not the first who has ventured to look be¬ yond a dissolution of this Union, and to portray the prospects which spread out to his view in that far off region. Others, in different sections, impelled by a sense of wrongs, real or imaginary, have at times speculat¬ ed upon the consequences of such an event; but, so far as I know, none of them have discovered any thing but danger, disaster, and wo, to the institutions, the liberty, the prosperity, not only of the whole country, but of every section of it. Those who have favored it, in times of high excitement, have looked upon it, not as a positive good—a desirable thing to any section, but only as tolerable—a thing to be endured, to escape what seemed greater evil. But the Senator, in the fervor of his imagination, while he admits that to one section of the country it would prove a blight¬ ing curse, terrible as burning lava, yet finds in it, for the other sections, unnumbered blessings—the source of wealth, and power, and happiness, unknown to any nation before. 1 look upon it, far—very far otherwise. I regard it as the opening of a copious fountain of bitterness and evil, for¬ ever, and to every body. To illustrate his views, the honorable Senator has supposed our exist¬ ing blessed Union to be now peaceably dissolved ; and that, instead of it, three separate confederacies should be formed—one composed of the Middle and Eastern States, whose skill and labor would be employed in manufactures; one formed of the Western and Northwestern States, de¬ voted to agriculture ; and the third, of the South and Southwestem, em¬ ployed exclusively in planting—in raising cotton, rice, and tobacco. The "practical tcstf to which the Senator brings his views, consists in de¬ scribing what he supposes would be the condition of these confederacies, after the experience of a few years, under the operation of the policy 31 which he also supposes they would severally adopt. The Northern con¬ federacy he condemns to utter destruction and ruin—as inevitable as if ten thousand craters were pouring their molten wrath upon its devoted head. I have no desire to utter a syllable to prove that a disruption of our present Union would not be highly disastrous to that section of the country ; though I do not admit—far, far from it—that the portraiture which the Senator has sketched, would be likely to find the slightest veri¬ fication in the actual condition of things. But let that pass. The Senator foresees not only the desolations of that section, but he warms and brightens in beholding the glorions visions of boundless felicity which awaits the Southern confederacy. He seems to forget that all this is in prospect—yet to be realized. He speaks of " the historical fidelity" which he has observed in drawing the picture. Now, sir, considering that history relates only to the past, I must think that the Senator, in his ardent zeal, has somewhat overleaped " the bounds of time," if not of space. He has " stated nothing speculative—-but results only which must take place." " Must take place !" Really, sir, if all this be not specula¬ tion, it seems to me exceedingly like it. He has described, in very glow¬ ing language, the happiness, prosperity, and wealth, which the Southern confederacy, of homogeneous interests, must experience, if permitted to pursue its own policy, under its own separate Government. The long- dreamed-of Fortunate Islands are discovered at last. The favored re¬ gions of the South, smiling in eternal spring, " Like those Hesperian gardens, famed of old, Fortunate fields and groves, and flowery meads, Thrice happy isles," are to be forever the abode of peace and happiness on earth. No obsta¬ cle lies in the way of the bright and glorious career which opens before them. The convulsions which shake other nations like an earthquake, shall never visit them. " Grim-visaged war will smooth his wrinkled front," and peace, eternal peace, hold her benignant reign, while human governments exist on earth. " Jam—redeunt Satumia regna." It is not a very agreeable office, I am aware, to distuib such happy vis¬ ions, and to bring back these soaring thoughts to the dull realities ol earth. But where does the honorable Senator find any warrant in human history for the confident anticipations in which he has indulged ? In the example of other nations broken up and dismembered ? In the annals of small States or Confederacies? In the history of any nation that ever lived upon earth, with but one single interest—one pursuit, one object of na¬ tional importance ? No, sir ; in none of these does he find any warrant for his expectations. But let us examine this matter a little more closely. The Southern confederacy is to revel in unbounded wealth. Its com¬ merce is to be forever unmolested—always prosperous—no storms shall scatter it—the policy of other nations shall never reach it—but it shall glide safely, as " on the smooth surface of a summer sea." The South is to produce for export at least one hundred millions of cotton, rice, and tobacco, and to receive in return one hundred and twenty millions of for¬ eign manufactures—the twenty millions being the profit on the export. This large amount it is to have the exclusive privilege of consuming it¬ self, or of exchanging with the Western confederacy for such articles of production as it cannot raise at home. It must still retain some connexions, some trade with its neighbors, on this side the ocean. If the Southern confederacy oannot get on for a moment without some intercourse with the West, why not unite the two into one ? What need of a Western confederacy ? But that would at once destroy the homogencousness of the Southern interest, and the same questions would be likely to grow up, as now exist between the South and the North. The Southern confederacy is to have but one interest—that of planting. Its productions are all to be exported, and by this operation twenty millions of profits are to be realized. By whom ? The South ? Not at all. The profits, be they large or small, go to the navigating interest, to the shippers, and ship owners, to the exporting merchants. And who will conduct this business? Not the planters, for all their capital and means are to be employed in growing the articles. The South is not to become also a commercial or navigating State, for that also would destroy the identity and singleness of interest which is to prevail there. The export must therefore inevitably be made in British ships, by British merchants, and agents of foreign manufacturers ; and all the profit of such operations must go, not to the South, but abroad. Besides, it must be carried on by foreign hands, for. another reason ; and that is, the policy of enriching foreign labor, by giving it all the employment possible, in order to enable it to consume more largely of our productions. But passing by this, and assuming that the South is to have one hundred and twenty millions of foreign imports, who is to consume them? What is the South to do with them? She will have a population of about six millions. The United States have now a population of twenty millions ; and we find one hundred millions of imports ample for our whole consumption. Is it probable—nay, is it possible—that the population of six millions, in the Southern confede¬ racy will consume as much of foreign productions, of luxuries, as the whole Union does now ? A large portion of foreign manufactures are of costly fabrics, not suited for, nor wanted by, a considerable part of the Southern population. Undoutedly the wealthy portion of Southern pop¬ ulation consume as liberally, or more so, of luxuries and expensive commodi¬ ties, as those of any other section ; but then a very large class of persons there consume far less than the laboring people of the North and West. How much, for instance, of silks, linens, fine woollens, glass, cutlery, carpeting, &c., and which go to make up the bulk of our imports, are consumed by the two and a half millions of Southern population who are to be the laborers in the production of the one hundred millions of exports? How much of tea and coffe£, of wines and sugar, and the thousand other things which our tables of imports exhibit ? Making all due allowances for the character of a portion of the population, does any body deem it possible that the South could consume this enormous amount of foreign productions ? No ; she must trade with some other nation, and obtain some other articles of greater necessity, for the South cannot subsist on manufactured products alone. She will not trade with the North, lor that is wholly interdicted in the theory of the Senator—but she will trade with the West. She 33 will sell to the West. But what will she buy in exchange ? What splen¬ did inducements are held out to the West to enter into this commercial league? The Senator says, that the West will thus be enabled to buy all she wants at low rates, and to sell all her productions at high prices. Let us see if this be so. What will the South take of the West? 1 believe the only thing indicated by the Senator, as an article of much importance, was live animals, which are now chiefly obtained from that section. Of most other articles of agricultural production, necessary to the subsistence of Southern laborers, a sufficient supply is raised at home—and from some of them considerable quantities are exported to the North. But that ex¬ port is then to cease. The West then, the boundless West, its spreading and fertile prairies, its millions upon millions of free, industrious people, are to have the mighty privilege of supplying the South with all the live stock it may require ; and, in return, is to be wholly dependent upon Southern imports of foreign manufactures for every commodity of that description which it may need. Of the other products of the fertile West, the South is to take nothing. It will not require the cotton bagging and bale rope of Kentucky and Missouri; for they are manufactures, and, if made at home, necessarily di¬ minish the demand for the foreign import received in return for Southern export, and of course diminishes the ability of Dundee and Glasgow to consume the cotton of the South. The hemp and wool of the West, for wool is yet to be a great staple there, cannot be taken, for the same rea¬ son, and for the additional one that the South will have no occasion for them. But the Senator said, inadvertently, 1 must think, that the West would export, through the free ports of the South, all its surplus produc¬ tion. Why, sir, that breaks up the whole arrangement at once. If the West export any thing, she will import also ; and she will then cease to be a purchaser of the South. She will import for herself, and who then is to consume the one hundred and twenty millions of Southern imports ? If the products of the West are hereafter to form considerable portions of American exports, as I hope they may, I see no reason why they may not be made through Northern ports, in American ships, under one Gov¬ ernment, as well as in a separate confederacy. But the whole theory of the Senator rests upon the ground that they are not to become exporters at all. The whole scope and policy, aim, end, and object of his measures, are, to induce larger imports of foreign fabrics, with a view to create lar¬ ger demands for Southern productions, not Western. If this enlarged import should occasion a demand for Western product instead of South¬ ern, then the peculiar oppression and grievance of the South would be just as great as it is now. Nor can the West be allowed to become a manu¬ facturing region either. If it manufacture for itself, it will not require the foreign fabrics which the South proposes to furnish. The countless millions who are hereafter to inhabit these vast regions, spreading out toward the setting sun, are neither to produce for exportation, nor to manufacture for themselves, but are to find in the markets of the South, of six or eight millions of consumers, full demand for all their surplus productions—productions, not one of which, be it remembered, must come in competition with the labor of foreign nations. This is the mighty boon held out to the West, in the new arrangement, which the Senator has supposed. The West, I doubt not, is destined to become a great manu¬ facturing region. It is so already to no inconsiderable extent, and its true 3 31 interests lie in that direction. It is becoming a great producer of wool, and the next step must be, the manufacture of' it ; and this, almost of ne¬ cessity. There are no markets for it abroad, and it must seek and have a home market. All nations are becoming growers of wool—and even remote Australia is beginning to furnish it to Europe and America. In such a state of things, the wool of America must be manufactured in O ' 1 . America, just as the iron of our hills must be manufactured here or lie forever buried in the earth. So the wool of the West, and the iron of the West, must at no distant day be manufactured in the West. But the Senator's partition does not look to that at all. It looks to keep the West always dependent for manufactured articles on the labor of others, not of itself, with no other means of payment but the raising of animal provi¬ sions, alive or cured, for a population far inferior to its own. It is to be borne in mind, that the North is to be no longer a consumer of Western production, for that also would disturb the symmetry of the Senator's por¬ traiture. The North is to be too impoverished to deal with anybody. It will have nothing to sell, and of course can buy nothing any where, so far as trade and commerce are concerned, and may be considered wholly ob¬ literated from the map of American confederacies. But, sir, is there no danger of collision in the Southern confederacy itsell ; no jarring of different branches of the homogeneous interest ? The sole sta¬ ples of export are to be cotton, tobacco, and rice, and these are to furnish all the manufactured articles required for the whole confederacy. Virginia raises no cotton, I think, or to a very inconsiderable amount, not worth men¬ tioning. Its only production for export is tobacco ; of which, it grows about three millions and a half of dollars in value. It has a population of about a million and a quarter. South Carolina, with about half the population of Virginia, produces neaily double the value of exportable commodi¬ ties. Compared with Alabama, the disparity is greater still; and with Mississippi, still greater. Alabama, with a population less than six hundred thousand, produces over eight millions of exports ; and Mis¬ sissippi, with three hundred and seventy-five thousand, over fifteen mil¬ lions. Now, how is Virginia to obtain her fair share of the one hundred and twenty millions of imports? She exports but three and a half mil¬ lions, and of course can import but that amount. She raises nothing which South Carolina, or Alabama, or Mississippi, want. There can be no trade between them. Her consumption should be in proportion to her population, double that of the two former, and quadruple that of the lat¬ ter State. How is she to pay for her excess of consumption? The re¬ sult would be, that, in a short time, Virginia would come to some reckon¬ ing with the other more favored States of the confederation, and demand some adjustment on a more equitable basis. She would say to her neigh¬ bors, our good friends in Europe, which is our national market, impose a duty on njf tobacco of several hundred, in some instances, two thousand per cent., while your cotton is almost free. Something must be done to equalize this matter. You must pay me a drawback on my tobacco, or we cannot buy your imports. You must buy more of us, or we cannot buy of you. We must manufacture for ourselves, and for you too, or we have nothing to pay. Then comes the question of taxation, of production, of home industry, the same which arises now. Virginia must insist and will insist that her coal and iron shall be consumed in preference to that of England—that her cotton manufactures shall be protected, and soon she will have woollen manufactures too. Finding herself possessed of every 35 element of national wealth, she would insist, and justly insist, on develop¬ ing her rich and exhaustless resources. She would enter largely into manufactures, into mining, salt works, glass works, navigation, foreign and internal commerce, and every other branch of human industry. She would, and will yet, and must, become, what she has illimitable means of becom¬ ing, a manufacturing and commercial, as well as an agricultural State. She ought long ago to have been such. In the new confederacy she would be made more deeply sensible of her true interests, with far less experi¬ ence than she has already had. Hitherto, the North has furnished large markets for her flour and corn, but in the new order of things this is to cease. The North is to be too poor to consume these products of Virginia; and, besides, it would disturb the harmony of the system. If the North should presume to buy'the corn and flour of Virginia, they might pay for it in American manufactures ; and that again would destrby, to that extent, the demand for the foreign-made fabric which South Carolina imports. It is apparent that Virginia would very soon become a manufacturing State, and would insist upon paying South Carolina, for whatever of British productions she might want, in Virginia manufactures. She would say, we will take your raw cotton, and spin and weave it; but you must buy of us the cloth which you require, that is made from it. We will buy the silks and wines you get from France, but you must take our iron and iron manufactures in exchange—and our wool and woollens. Our ships must be protected and encouraged to carry your productions, and to return your imports—and if South Carolina would not accede to all this, Virginia and South Carolina would be quite as much at variance as the South and North now are. The homogeneousness would be utterly broken up. But worse than this—how would South Carolina herself get along ? How could she stand the competition with Alabama and Mississippi?' With a less popu¬ lation, they would make by far the largest portion of the imports. How is South Carolina to obtain her equal share for consumption ? What one single thing does South Carolina produce, which Mississippi wants? For the same reason that would operate on Virginia, South Carolina also would inevitably be compelled to manufacture for her own consumption. In this new confederacy, with but one interest, the growth of raw mate¬ rial for exportation, she would be very far behind Alabama, Mississippi, and Louisiana, in the relative proportion of her productions. She would have nothing which either of these States wanted, with which to purchase her just share of the imports, and would be compelled to enter upon some new field of industry, to save herself from utter ruin. South Carolina, with a population, in round numbers, of six hundred thousand, produces six millions for export; while Mississippi, with three hundred and seventy-five thousand, produces fifteen millions. Mississippi, therefore, as compared with South Carolina, imports as fifteen to six. Mis¬ sissippi can import, and, according to the Senator's argument, can consume at the rate of forty dollars a head for all her population, while South Car¬ olina can only import and consume at the rate often dollars, and Virginia, less than three dollars. This would be a state of things which could not last. The inevitable result would be, that the northernmost States of the confederacy, utterly unable to obtain for all their labor, devoted to the growth of rude produce, sufficient for their wants in the manufactures of Europe, would, of absolute necessity, begin to supply themselves by home production ; and then the same questions of tariffs, and protection, would grow up, and would finally be settled, just as they are now settled, in fa- 36 vor ot home industry. Theie can be no other possible result. Can any Senator point out in what way those States, which are to be the smallest producers of exportable articles, are to be the largest consumers of the imports? No, sir; there is no possible way in which it can be done. Then, as between the Southern and the Western confederacies, dif¬ ficulties of no small embarrassment must grow up. I have already shown that the West must not be an exporter, nor a manufacturer, for either of these destroys the whole foundation on which the prosperity of the South is to be built up. in such a state of things, how is the Western confederacy to be supported ? Whence its revenue ? The hon¬ orable Senator says, that the Southern confederacy, by imposing a duty of 10 per cent, on the one hundred and twenty millions of imports, will ob¬ tain a revenue of twelve millions annually, fully sufficient for all its wants. But what is the West to do ? Supposing her confederacy to need no more than twelve millions also, how is she to obtain it? Admitting that she is able to consume half the imports, sixty millions, she will be compelled, if she raise her revenue on imports, to pay a duty, first, the 10 per cent al¬ ready assessed in the South, and next, 20 per cent, more for her own pur¬ poses—that is, six millions to the revenue of the South, and twelve mil¬ lions to her own Treasury—in all, eighteen millions on an import of sixty millions. This calculation supposes, of course, that all imports are dutia¬ ble. Nothing is to be free. Neither tea, nor coffee, nor salt, nor even specie. Every thing fs to be taxed; and the Western confederacy is to have the great privilege of paying one-half of all (he revenue of the Southern confederacy, and to pay, in the whole, fully as much on imports as was paid last year by all the United States together.. It is not easy to conjecture what amount of revenue will be necessary for the support of the ultra-montane confederation. What are to be its limits? If it is to stretch across the Rocky Mountains, and wave its sceptre on the shores of the Pacific, how many mounted regiments, how many troops, how many fortifications, how many military roads and military posts, will be required for its security, no one can foretell. That its expenditures will be great, cannot be doubted. If the revenue be derived from duties on the imports which it makes from the Southern confederacy, the Southern, in return, will begin to impose duties on the provisions and live animals re¬ ceived in return. Then follow retaliatory regulations, counter legislation, border difficulties, and all the preliminary and incipient measures of ani¬ mosity and strife. If, finally, from these, or from any causes, open war should break out between any two of these confederacies, or with any foreign nation, how is the prosperity and happiness of the Southern con¬ federacy^ to be affected ? She, under no circumstances whatever, could engage in hostilities with England, her " natural market.'''' Deprived of her only customer, cut off from all her accustomed supplies, a single year would prove uteriy ruinous to her. Remember, she is to have no intercourse with theimpoverished North. She is not to be a navigating, and hence not a naval Power Her sole resource is in planting and in exchanging her rude produce with Europe. How long can she endure a total suspension of that intercourse, even though she should not be called upon to pay one dollar for defence, nor to have her coasts ravaged and her cities laid waste ? Suppose, for a single moment, that the manufactures of colton in the Middle and Eastern States should now be annihilated, as they are to be in the new state of things which the Senator imagines, thus removing all demand for cotton for home consumption ; and suppose, 37 further, that without the perils and expenses and dangers of a foreign war, Europe, or England alone, should refuse to take another pound of cot¬ ton from the United States. What would be the condition of the South? If industry there is depressed now, if the profits of planting are small, if the South is becoming more and more impoverished, as the Senator as¬ serts, what must it be in such a case ? And if thus brought to the verge of ruin, what would she be, if, superadded to all this, she should be plunged in war with the most powerful nation of the world, and left alone, single handed, to sustain the conflict? Let Senators consider for them¬ selves. Again : if instead of a war with England, or sotne other Power of Eu¬ rope, the Southern confederacy should be brought into collision with either of the others, deeply to be deplored certainly, but not impossible, perhaps not improbable—does the South see in such a calamity nothing to be ap¬ prehended disastrous to Southern interests ? She cannot, on a sudden emer¬ gency, become very strong as a naval Power, though her citizens be ever so brave or chivalrous. She must have allies who command the ocean ; and who but her best customers, and her sole manufacturers, the English ? British fleets will ride in her harbors and upon her coasts, if not British bayonets defend her soil. Does the Senator see any security for South¬ ern institutions ill such an alliance? Is British feeling, British policy, not to say philanthropy, is " the grasping ambition of England," of which we hear so much, all to be calmed, allayed, soothed down, in favor of South¬ ern peculiar institutions? Is British policy to take a new direction? Is that proud boast, in the inflated language of one of her orators, about " the sacred soil of Britain," where the altar and the God fall together, and the chains are unriveted, before " the genius of universal emancipation," to be all unsaid and unwritten ? But, independent of all interference or al¬ liance in that quarter, are Southern interests more likely to be respected or protected, under the new confederacies which are to be formed, than they are now ? What at this moment is the great security under which they rest ? What but the Constitution of these United States? To that they ( cling—and under that, and that alone, they insist upon the enjoyment of all which it guaranties to them. Is there any thing in the signs of the times, in the condition of public opinion in this country, to induce the South to believe that when this Constitution is broken up, and new forms of Government are established, any greater security will be provided for their interests than is now furnished ? Is that "spirit of fanaticism," as the Senator has called it, which he supposes to prevail at the North, hos¬ tile to the interests of the South, to be allayed and quieted, when the restraints of the Constitution are removed, and when the anxious solici¬ tude for harmony and peace and fraternal regard, which animate much the larger portion of the free States,is turned into alienation and distrust? What remedies does the Senator expect will be voluntarily provided for the escape of fugitives " held to service," in the language of the Consti¬ tution, by the new Government to be instituted in the free States? No, sir; when all connexions and mutual obligations are dissolved, all consti¬ tutional restraints abrogated, the South will in vain look for any relief or support of its institutions from the neighboring confederacies. A half century would not go by—no, not the half of it, if such a deplorable event as that which the Senator supposes should take place—belore the South would exhibit, not the flowery and smiling fields which he has pictured, not the wealth and prosperity and happiness which he dreams 38 of—but decay and desolation, and dreary wastes and poverty, of which he has no conception. No nation, as I endeavored to show yesterday, ever did, no nation ever will, or ever can, become permanently great or powerful or wealthy, whose whole labor is devoted to one, and only one pursuit, especially if that be the production of rude materials, which other nations enjoy the profit of manufacturing. It is against all history, against all philosophy, against every doctrine of political economy, which has ever found respectable support any where. The great|ind only secu¬ rity for the South is to remain a component part, a great part of a nation where diversity of interests and of pursuits prevail—where, by free in¬ tercommunication and exchange, the profits of labor and industry in all the sections will be equalized, and where the benefit of one promotes the benefit of all. But the Senator rejects all this. His faith is strong, against all experience, against the history of all nations, against all the warnings, and admonitions, and legacies bequeathed to us by the fathers of the country—the patriots and sages and statesmen of the purer and earlier age of the'Republic. Sir, this matter was early considered, early discussed. The value of internal commerce as a bond of union, the di¬ versity of soil, climate, and pursuit, as a source of wealth and national strength, occupied much of the patriotic thought and patriotic hope of the framersof the Constitution. I could read upon this topic what every Senator no doubt has often read, but which I fear few remember and ponder, as it deserves to be re¬ membered and pondered, the farewell admonition of him so justly styled the " Father of his Country"—an admonition from one not only of singu¬ lar purity of life and integrity, and of practical wisdom, but of compre¬ hensive views and far-reaching sagacity, as to the true interests of the country, and of the danger to which it would be exposed. In reading this address, it almost seems that the very discussion we are now engaged in was foreseen by him ; for how admirably has he answered many of the suggestions and arguments which have been used on this occasion. Allow me to call the attention of the Senator to an extract or two from this venerable and venerated bequest: , "The unity of Government which constitutes you one people is also now dear to you. It is justly so ; for it is a main pillar in the edifice of your real independence ; the support of your tranquillity at home ; your peace abroad ; of your safety ; of your prosperity ; of that very lib¬ erty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed, to weaken in your minds the conviction of this truth—as this is the point in your political fortress against which the batte¬ ries of internal and external enemies will be most constantly and actively (though often covertly and insidiously) directed." How different this, from the glowing imagery of the Senator from South Carolina, who sees all these blessings, " independence," " tranquillity," peace," " safety," "prosperity," ay, " liberty," too, in a separate Gov¬ ernment for each of the great divisions of the country. But to go on and hear his paternal advice : " It is of infinite moment that you should properly estimate the immense value of your national Union to your collective and individual happiness ; that you should cherish a cordial, habitual, and immovable attachment to it; accustoming yourselves to think and speak of it as of the palladium of your political safety and prosperity ; watching for its preservation with jealous anxiety ; discoun¬ tenancing whatever may suggest even a suspicion that it can in any event be abandoned ; and in¬ dignantly frowning upon the first dawning of every attempt to alienate any portion of our countiy from the rest, or to enfeeble the sacred ties which now link together the various parts," 39 Again, in reference to diversity of interests, furnshing stronger and ad¬ ditional inducements for Union : " Every portion of our country finds the most commanding motives for carefully guarding and preserving the Union of the whole. " The North, in an unrestrained intercourse with the South, protected by the equal laws of a common Government, finds in the productions of the latter great additional resources of maritime and commercial enterprise, and precious materials of manufacturing industry. The South, in the same intercourse, benefiting by the same agency of the North, sees its agriculture grow and its commerce expand. Turning partly into its own channels the seamen of the North, it finds its par¬ ticular navigation invigorated ; and, while it contributes in different ways to nourish and increase the general mass of the national navigation, it looks forward to the protection of a maritime strength to which itself is unequally adapted. The East, in like intercourse with the West, already finds, and in the progressive improvement of interior communications by land and water will more and more find, a valuable vent for the commodities which it brings from abroad or manufactures at home." Again : "The West derives from the East supplies requisite to its growth and comfort, and, what is perhaps of still greater consequence, it must of necessity owe the secure enjoyment of indispensa¬ ble outlets for its own productions to the weight, influence, and the future maritime strength of the Atlantic side of the Union, directed by an indissoluble community of interest as one nation. Any other tenure by which the West can hold this essential advantage, whether derived from its own separate strength, or from an apostate and unnatural connexion with any foreign Power, must be intrinsically precarious. "While, then, every part of our country thus feels an immediate and particular interest in union, all the parts combined cannot fail to find in the united mass of means and efforts greater strength, greater resource, proportionably greater security from external danger, a less frequent in¬ terruption of their peace by foreign nations ; and, what is of inestimable value, they must derive from union an exemption from those broils and wars between themselves, which so frequently af¬ flict neighboring countries not tied together by the same Government, which their own rivalships alone wbuld be sufficient to produce, but which opposite foreign alliances, attachments, and in¬ trigues, would stimulate and imbitter." Then, as to the causes which may be apprehended as operating to im¬ pair the Union, how pointedly and emphatically does General Washing¬ ton put the seal of his condemnation on the idea, that there is any real difference of local interests : " In contemplating the causes which may disturb our Union, it occurs as matter of serious con¬ cern that any ground should have been furnished for characterizing parties by geographical discrim¬ inations—Northern and Southern, Atlantic and Western—whence designing men may endeavor to excite a belief that there is a real difference of local interests and views. One of the expedients of party to acquire influence within particular districts is to misrepresent the opinions and aims of other districts. You cannot shield yourselves too much against the jealousies and heartburnings which spring from these misrepresentations; they tend to render alien to each other those who ought to be bound together by fraternal affection." Sir, there is much more of this immortal legacy, whose value no money can measure', which I should be happy to read ; but I am aware that I am repeating what is familiar to us all, and I forbear. Mr. President, the honorable Senator, in his estimate of the advantages to be gained by the South from a separate confederacy, makes no account whatever of national strength, and national renown. He lorgets that or¬ deal of fire through which we passed in the establishment of our inde- 40 pendence, and through which we could never have gone if we had not been united. The glorious past he leaves out of view altogether, while his ardent imagination revels in the brighter visions of the future. Let the separation of which he speaks take place, and that day, on whose annual return ten thousand times ten thousand American hearts beat higher and quicker—that day which first beheld us an independent na¬ tion—is to be blotted from the calendar. For the South, at least, it can bring no joyous recollections, no patriotic, heart-stirring emotions. The achievements of our ancestors are to be all forgotten. Camden and King's Mountain may indeed remain within the limits of the new confederacy— but none of the renown and the glory which attach to them will belong to it. All of gallantry and prowess and noble bearing which were then dis¬ played,all of high renown, ever-during fame, honor,glory, there acquired, belonged, and ever will belong, in all history, to United, United, United America. It can never be divided—God grant it may never be obliterat¬ ed and forgotten. No account is to be taken of the glorious spectacle which we have presented to the world, in the solution of the great prob¬ lem of the capacity of mankind for self-government—no account of the great advance which has taken place in government, and the progress of free institutions, all over the world, from our example. The various events of our unparalleled Revolution, the renown achieved in that mo¬ mentous struggle—the veneration for the great and good, the patriots whose fame is our country's inheritance, the sacred bequest of 1 iberty, unity, strength, purchased with so much blood and so much treasure, are all, all to be abandoned, all sacrificed, if, in the Providence of God, so deplorable an event should occur, as that which the Senator, for the pur¬ poses of illustration, has supposed. But no, sir ; none of these things will happen. I have no belief that the honorable Senatorhimself contemplates or desires such a calamity—1 have no belief that his honored State enter¬ tains the slightest wish, the faintest hope, for a separation of our Union. I am sure I should do him, and it, great injustice, to attribute such a purpose to either. No man is reckless enough to covet the fame, the eternity of infamy, which must await him who shall bring upon this happy land the desolation and war which such an event must produce. The adventurous youth who undertook but for a single day to guide the chariot of the sun, paid for his temerity with the forfeit of his life. Happy will it be for him who, impelled by a mad ambition, shall kindle up our system in universal conflagration, to escape with so light a penalty. He will live, live in the reproaches and execrations of mankind, in all time. He will live in his¬ tory—mot on the page where are inscribed the names of the benefactors of our race, not with the good, the wise, the great, but with the en¬ emies of the liberties and happiness of mankind, with the oppressors of their race, with the scourges whom God has permitted to desolate nations, and to quench human happiness in tears and blood. Sir, we are one. VVe cannot be divided. VVe have a common coun¬ try, a common history, common distinction, renown, pre-eminence. They all belong to one, and one only. We have common and mutual interests which bind us together, and which cannot be severed. Batids stronger than iron or steel hold us in indissoluble connexion. •' One sacred oath has tied Our loves ; one destiny our life shall guide, Nor wild, nor deep, our common way divide." J SPEECH OF MR. STEWART, OF PENN. IN DEFENCE OF THE TARIFF AND DISTRIBUTION. delivered in tue house of representatives of the u. s., march 13, 1844. Mr. Stewart, of Ponn., rose to inquire of the Chair whether the previous question, which had been called on the engrossment of the bill, would preclude discussion on the question now propounded by the Chair, « Shall this bill pass." 'The Speaker having replied in the negative— Mr. Stewart said: However unprepared, I am nevertheless glad, sir, of the opportunity thus unexpectedly acquired of saying a few words, on this im¬ portant measure before its final passage. On coming into the hall a few minutes since, I was surprised, sir, to learn that this bill to repeal the Distribution Law, reported by the Committee of Ways and Means within the last hour, had been already read a first and second time under the previous question, and was now on its final passage. Sir, is this fair ? is it right, that this bill, by far the most important that has occupied the attention of the present Congress, should thus be hurried through all its stages, and finally passed, under the gag, without amendment or debate ? Why this hurry and haste ? Why post with such dex¬ terity to this destructive deed ? Why is this important measure to be thus de¬ spatched in an hour, when days and months have been spent in the discussion of matters of comparative insignificance ? The motive cannot be mistaken : its friends are afraid of discussion; they fear the development of facts which must prostrate them before the people ; but they cannot escape, sir. They may, by the gag, suppress debate here, but they cannot, thank God, gag the people and the press ; they can and will speak out, in tones of thunder, against the doings of this day. The proceeds of the sales of the public lands of this country belonged to the States of this Union. It is a fund which this Government holds in trust for the people of the States ; and a period has arrived in our history when, by the mal¬ administration of this Government, a state of things has been brought about in which the States are involved in debt, a debt which was not only crushing the people of the country under taxation, but was driving some of the States to re¬ pudiation and bankruptcy. Is this Government to furnish no relief to the States of this Union? Does it owe no obligations to the States and to the people? Are we to sit here calmly and see the States and the people of the Union crushed under the weight of direct taxation, see the character of the country dis¬ graced, see repudiation stalking forth throughout the land, and this House and this Government, which had the power to relieve the people from their burdens and redeem this Government from disgrace, do nothing ? This was a matter iu which this Government was deeply interested. The interest and honor of this Government must be sustained or destroyed with the interest and honor of the States—they are inseparable—we are one people in the estimation of mankind, and share in the same glory and in the same disgrace. Sir, you will have a surplus in the Treasury, at the end of the year, derived from the existing tariff, if let alone. And what will you do with it? Why not give the proceeds of the land to the States, to which it justly and fairly belongs ? j. & G. S. Gideon, Printers, Ninth Street, Washington! 2 If you do not, you will be driven to the necessity of another Distribution Law to divide the surplus revenue among the States. GENERAE JACKSON IN FAVOR OE DISTRIBUTION. This policy was strongly recommended and urged by Gen. Jackson, not in one, but inthree of his annual messages, and it had been adopted in Congress by a major¬ ity of more than four to one, 155 to 38 in the House, and 24 to 6 in the Senate. Yet gentlemen now contend that this measure is notonly highly inexpedient, but unconstitutional; and Mr. Van Buren, in his Indiana letter, declares that the people would " stultify" themselves by its adoption—a declaration by which he not only stultifies Gen. Jackson, but himself also. Gen. Jackson, in his first message, advo¬ cates the policy of distribution, and says, " the most safe, just, and federaLdisposi- tion that can be made of the surplus revenue will be its distribution among the States .according to their ratio of representation." In his next message of 1830, he re¬ news this recommendation, and takes up and answers, at great length, and with great ability, all the objections that had been urged against the policy of distribu¬ tion—the very same objections that are here urged by Mr. Van Buren and his friends, he answered and overturned, in their order, No. 1. 2. 3, 4, occupying several pages of his message, to which he commended the gentleman from 1 ir- ginia, (Mr. Dromgoole,) who had reported this bill. In his message of 1832, Gen. Jackson again took up and discussed, at great length, the subject of the public lands: lie says they ought to " cease, as soon as practicable, to be a source of revenue that " the idea of raising revenue from them ought to be aban¬ doned;" that they would endanger the "harmony and union of the States; and he expressly declares, what is unquestionably true, that these lands were pledged to the General Government to pay the revolutionary war debt, and that that debt being now discharged, the " lands were released from the pledge, and it is in the discretion of Congress," he says, " to dispose of them in such way as may seem to them best." Such are the sound and deliberate opinions of Gen. Jackson; yet Mr. Van Buren, who concurred with him at the time, now says, in his Indiana letter, that the people would " stultify themselves by the adoption of a proposition so preposterous." These are his words—a high compliment to his "illustrious predecessor"—" a preposterous proposition," which, Mr. Van Buren says, no one but a fool would think of, and that " its agitation, he regrets to say, is calculated to degrade the character of tire American people ill the esti¬ mation of mankind." These, sir, are perhaps some of the developments which gentlemen intended to suppress by the previous question. Why not give the land proceeds to the States ? We are now receiving under the tariff of '42 more revenue than we want; during the last month we have received more than two millions of dollars in the single port of New York. Suppose we receive in all the other ports in the Union no more than is received in New York, and it will amount to four millions per month, equal to forty- eight millions per year. Still gentlemen are not satisfied, and a bill has been reported by the Ways and Means to repeal the tariff of '42, because it has de¬ stroyed the revenue, and they have substituted one which they say will increase the revenue. Yes, sir, the Globe also, in an editorial article of the 10th last month, stated that the last Whig Congress had "doubled the expenditures of the Government, and reduced the revenue one-half'—a statement made in the face of official documents showing that the reverse was much nearer the truth, Yes, sir, the report on the finances at the opening of this session shows that the ordinary expenditures during Mr. Van Buren's administration amounted to near¬ ly thirty-four millions in one year, and averaged more than twenty-eight mil¬ lions; while in 1842 and '43, under a Whig Congress, the average was little over twenty-three, and that the revenue had been increased by the Whig tariff 3 of '42 from less than fourteen millions in 1840 and '41 to more than eighteen millions in 1842 and 1843, and it would be more than twenty-five, and might possibly reach thirty millions the present year. Yet the Globe says in the face of these facts that the Whigs have " doubled the expenditures and reduced the revenues one-half!" From present prospects, am I not justified, sir, in saying that we shall have a large surplus over and above the current expenditures ? Why not then give the proceeds of the lands to the States to relieve the people of the indebted States from the loads of taxation by which they are now ground down to the earth ? This fund justly belongs to the States—in the language of Gen. Jack¬ son, this Government now holds it in trust for the States after the paying of the revolutionary debt for which it was pledged, and a court of chancery, upon a bill filed, would decree this fund to the States on proof of the payment of the debt for which it was pledged. You have no use for this fund, then why I re¬ peat, sir, not give it to the States to which it rightfully belongs ? What better use can you make of it? Mr. Dromgoole said, pay off the Whig debt with it! The Whig debt! I thank the gendeman for the suggestion—the Van Buren ■debt he should have said. Yes, sir, the existing debt was inherited by the Whigs from the gentleman and his party; it was the only legacy Mr. Van Bu¬ ren had left to his country when he retired from office. He had found the treasury with a surplus of more than sixteen millions of dollars over and above the amount deposited with the States, to which add the proceeds of the bank stock, and the amount he received exceeded twenty-four millions. Well, sir, he not only expended this 24 millions with all the revenues of the Government, but he left the people saddled with a debt of $17,356,998, consisting of treasury- notes, unpaid appropriations, and debts outstanding; and this was the debt the gentleman (Mr. Dromgoole) is pleased to call the Whig debt—it is ours, but we got it by descent, it came from that gentlemen and his party; but the Whigs could pay it, and would pay it, if gentlemen would let the present tariff alone a few years longer. The Whigs had paid part of it, and would soon pay the whole. But if gentlemen succeeded in reducing the tariff as proposed by the Committee of Ways and Means, to which the gentleman (Mr. Dromgoole) be¬ longed, (seven out of nine of that committee were Van Buren men,) this debt will soon be again doubled, especially if you superadd the extravagance and prodigality of another Van Buren administration—of which however, sir, I am happy to believe there is not the slightest probability. But why, let me ask gentlemen, repeal the distribution law? it is not now in operation, and it cannot operate till all the duties are brought down to 20 per cent. Why repeal it then, unless the Committee of Ways and Means contem¬ plate the reduction of the duties to 20 per cent., for till this is done there can be no distribution under the existing law. But I have another question to ask the committee—if you repeal a part, why not repeal the whole of the law? This law gives to each of the new States 500,000 acres of choice land over and above their distributive share. This part of the law is left unrepealed, and in full force, while all the rest of the States are deprived of all the benefits of this law now and forever. As to the old States the law is repealed, but the new States are left to enjoy the benefits of its provision. Why is this so? This certainly requires explanation, and it was perhaps partly to avoid this also that the pre¬ vious question has been called. The revenue plans of the Committee of Ways and Means are wholly unin¬ telligible to me—precisely the same measure is proposed at one time to reduce, and at another time to increase, the revenue ; whether there be too much or too 4 Kttle revenue, the same remedy is recommended, a " reduction of the tariff— down with the tariff." So these political doctors have, it seems, the same remedy for all diseases. In 1832, when we had a surplus revenue of upwards of $17,000,000, to relieve the treasury, Mr. McDuffie, then chairman of the Ways and Means, reported just such a bill as this reducing duties, and it was then sup¬ ported by the present chairman (Mr. McKay, of N. G.) as a measure calculated to reduce the revenue. Now that honorable gentleman reports a similar bill reducing the duties for the contrary purpose, the increase of the revenue; how the same mea¬ sure is to have opposite effects at different times, I am at a loss to discover, perhaps the honorable chairman can explain it. This bill proposes to reduce the duties to about what they were in 1840 and '41, when the revenue from imports was about fourteen millions ef dollars. Now, under the present law, (the act of '42,) the revenue would probably be about double that amount, yet the Commit¬ tee of Ways and Means propose to repeal the act of '42, and reduce the duties to about what they were in 1840 and '41 for the avowed purpose of increasing the revenue. This surely requires explanation ; I cannot understand it, nor do I see how any body else can. But how, I ask, is a general reduction of duties to increase the revenue? Clearly this could only be done by a corresponding increase of imports. If you reduce your duties one-half, you must certainly double your imports to get the same amount of revenue. The Secretary of the Treasury says we will have twenty millions of revenue under the existing law, and he wants five millions more, and the Committee of Ways and Means to accom¬ plish this object, instead of increasing the duties one-fourth, reduce them one-fourth; clearly then they must increase imports one-half. Our imports have averaged for some years past about one hundred millions; on this, with the present tariff, the Secretary says we will this year have twenty millions of revenue; reduce it one-fourth and we will have but fifteen. To make up this loss, we must import twenty-five millions more goods; and to add five millions, the required amount to the revenue, we must import twenty-five millions addi¬ tional, making an increased importation of fifty millions, to get five millions of revenue which is not wanted, and would never be acquired by this measure if it were. effects on faitmers and mechanics. But our present amount of foreign imports, viz., one hundred millions, is suf¬ ficient to supply the demand; how then are you to make room for fifty millions more ? this can only be done by destroying fifty millions of dollars of our own domestic productions, to make way for that amount of the productions of foreign industry. We must, according to this financial scheme, not only destroy fifty millions of dollars worth annually of our productive industry, but we must send fifty millions of dollars of hard cash to foreign countries, to purchase what we now do produce, can produce, and ought to produce at home; and for what ? to- raise five millions of revenue by taxation, which is not wanted ! Now, sir, I submit, is this a wise, is it an American policy ? Is it not rather a British policy, a plan to reduce the duties and open our ports to the importation of British goods, to the sacrifice and destruction of our own mechanics, farmers, and manufacturers ? Yes, sir, and this is to be done by an American Congress, and by the represen¬ tatives of the American people ! Can such an anti-American—such a British, system as this, stand for a moment before this free and enlightened people? Pass this bill, sir, take five dollars off bar iron, and still more off iron in all its other forms, and, sir, you will go far to extinguish the fires of every furnace and of every forge in Pennsylvania. By this bill you will strike down your own me¬ chanics—your hatters, your shoemakers, your blacksmiths, your tailors, your sadlers ; in short, all your mechanics ; you will paralyze and prostrate your glass * orks, paper mills, tanneries, salt works, collieries, lead mines—your woollem 5 and cotton factories; but above all, you aim a death blow at the American far¬ mers, not only by destroying their home markets, almost the only markets they now have, but what is still worse, you will convert the mechanics and manu¬ facturers thus thrown out of employment into agriculturists, into producers in¬ stead of consumers of agricultural productions. When you double production and diminish consumption one-half, do you not ruin and destroy the farmers of this country ? And, sir, allow me to say, that in a country like this, where seven- eights of the entire population is engaged in agriculture, when agriculture is destroyed, the country itself is destroyed. Agriculture is the great basis and foundation on which everything else depends; when the farmer prospers, all prosper; when he sinks, all the rest, professional men, mechanics, and all go down with him. It is the great object therefore to take care of agriculture, make this prosperous and the whole country will prosper; and how is agriculture to be made prosperous but by building up and sustaining home markets. It is therefore not for the manufacturers, but for the mechanics and farmers, yes, sir, for the farmers, that I advocate the protective policy. There is one important fact which lies deep at the foundation of the whole subject, to which I am anxious to attract the attention of the farmers and politicians of this country, and it is this, that half, and more than half, of the entire price of the hundred millions of dollars a year of foreign goods imported into this country is agricultural produce raised on a foreign soil, worked up and manufactured into goods, and then sent here for sale; and that the farmers and people of this country send in this way fifty millions of dollars a year to purchase foreign agricultural produce, in the shape of goods, while foreigners take little or nothing from us; our whole agricul¬ tural exports to all the world (excepting cotton and tobacco) do not amount to ten millions of dollars a year; thus, sir, we purchase five dollars' worth of foreign ag¬ ricultural produce to every dollar's worth we sell; this may seem strange, but it is strictly true; I defy contradiction—I challenge investigation. Let gentlemen disposed to contest it select an article of foreign goods, a yard of cloth, a ton of iron, a hat, a coat, a pair of shoes, any thing, "from a needle to an anchor," examine its constituent parts, the raw material, the clothing and the subsistence of the labor employed in its manufacture, and it would be discovered that more than half, often three-fourths, of the whole price is made up of agricultural pro¬ duce. It is a well known fact that farmers often make hundreds of dollars worth of domestic goods, cloths, &c., without using a dollar's worth of any thing not produced on their own farms; goods and cloth thus made are therefore entirely agricultural; and are not the same materials used in the manufacture of goods, whether made on a farm or in a factory ? Mr. S. said he had ascertained the fact from his own books kept at a fur¬ nace, that more than three-fourths of the price of every ton of iron sold, was paid to the neighboring farmers for their domestic goods, their meat and flour, that clothed and fed his hands ; for their hay, corn, oats, &c., that sustained his horses, mules, and oxen, employed about his works. In England, iron is made of the same materials that constitute it here; well,we now import, manufactured and unmanufactured, eight millions of dollars worth of iron and steel; say only half its value is agricultural produce, thus, then, we send four millions of dollars a year to purchase foreign agricultural produce, converted into iron, and sent here for sale, while our own country is filled with ore and coal, buried and useless, and the produce of our farmers left without markets. Will the far¬ mers of this country submit to such a system as this—openly advocated and adopted to favor foreign industry at the expense of our own? Will they tamely and silently agree thus to be crushed and sacrificed ? No, sir, they will not; they will speak out against this unjust and ruinous measure ; your tables will 6 soon groan under the weight of their remonstrances against it. I call on them to do so ; I call on them to come to the rescue before it is too late. DKITISU BILL. The avowed object of this bill is to open our ports to the importation of British goods—to favor foreign farmers and mechanics, and destroy our own. Sir, give the people time to be heard, and this bill cannot pass ; let it be discussed, and it can ne¬ ver pass an American Congress. There is one way in which it can pass—send it to tire British Parliament, and it will be passed by acclamation. England would give millions to secure its passage. It had recently been stated in an official re¬ port, read in the House of Commons, that unless the American Tariff of 1842 was modified and reduced, Great Britain would have to pay the CTnited States cash for their cotton, instead of paying in goods as she formerly had done ; and xhis bill accordingly modifies and reduces the Tariff of 1842 to suit the wishes of the British Chancellor, who, while he recommends free trade and low duties to us, takes special care to adhere to his own prohibitory system. While this bill proposes greatly to reduce the duties on foreign distilled spirits, England exacts a duty of 2,700 per cent, on ours ; and this is reciprocity ! This b.ll reduces the duties on tobacco and its manufactures, while England demands 1,200 per cent, on ours, and actually collects 22 millions dollars of revenue annually from our tobacco, equal to the whole revenue of this Government—such is British recipro¬ city and free trade. Since the Tariff of 1842, the tables with England have been turned; las t year the balance of trade with Great Britain exceeded $13,000,000 in our favor, instead of being about that amount against us, as in former years. The imports of specie had in the last year reached the unprecedented amount, as appears by official reports, of more than 23 millions of dollars, most of it from Great Britain. No wonder England and her statesmen were anxious for the re¬ duction of the American Whig Tariff' of '42. No wonder her Chancellor ex¬ claims against the Tariff, and says it will oblige them to send us specie instead of goods hereafter to pay for cotton. No wonder our country is rapidly recover¬ ing from its late depression—.that its course is again onward and upward—that its former prosperity is returning—a prosperity it always had and always would have under an efficient protective system, but which it never had and never would have without it. No wonder specie had become abundant—that the banks had resumed—that exchanges had become equalized and interest reduced—that man¬ ufactures had revived—that agriculture was recovering—that the mechanic and every other branch of the national industry was fully and profitably em¬ ployed. All these were the necessary and undeniable fruits of the existing tariff policy—results seen, felt, and acknowledged throughout the land—yet, in the face of all these facts—shutting their eyes to these great lights blazing up before them—the Committee of Ways and Means have reported a bill to repeal this beneficial act of 1842, and bring us back to the low duties and the low condition of 1840. They have struck a death-blow at this policy—a policy which had vindicated its adoption by all its fruits, which had fulfilled all the hopes of its friends, and falsified all the predictions of its enemies ; but shall this blow be un¬ availing? No, sir, it will recoil and overwhelm its authors. The people who have experienced the benefits and the blessings of this measure, will not abandon it. Even its enemies are now disposed to give it a fair and full trial, and con¬ demn it only when it fails. Then why not, sir, wait till the people have an op¬ portunity to pass upon this question at the approaching elections ? They will then settle it one way or the other. If the enemies of the Tariff policy prevail, they can and will repeal it; but if you repeal it now, and its friends are success¬ ful, it will be immediately restored. Then why not let it abide this result ? Let it go to the people, let them decide it, and, for one, sir, I am prepared to ac¬ quiesce in their decision. The Committee deprecate agitation; why not, then, 7 let the matter rest. Let the experiment be tried, and if it fails, put it down. Whence the urgent necessity of a change ; what interest in the country calls for it; who has demanded it; who has petitioned for this or any other change ? No one ; but the Committee of Ways and Means say we must have more revenue— more revenue—and how do they propose to raise it? By reducing the duties ; and this, my word for it, will result, as it always has resulted, in a reduction of revenue ; it is the necessary and natural consequence. This was once the opi¬ nion of the honorable Chairman of the Committee of Ways and Means (Mr.* McKay) himself, and as there is now every prospect of a redundant revenue, 1 should not be surprised if, before the bill is disposed of, it should be advocated as a measure to reduce the revenue, and this report be amended by striking out the words " a bill to increase the revenue," and inserting the words, " a bill to reduce the revenue." I affirm it as a fact, and here challenge contradic¬ tion, that the revenues of the country always have been increased or diminished, as we increased or diminished the duties on foreign goods ; and why will this not be the result now ? (Here Mr. McKay called Mr. Stewart to order, and said it would be time enough to discuss the Tariff when that measure came up for discussion.) Yes, said Mr. S., the gentleman has got a vote to print and circulate 25,000 copies of his report—his speech in favor of his bill—and no doubt he is anxious to suppress any reply; but, sir, I have accidentally got in between two previous questions, and I wish to say a little on the other side, and little it will be com¬ pared with the voluminous report of the Committee of Ways and Means, which report I assure the gentleman I will take great pleasure in sending to my eonstituents, who will readily comprehend and appreciate its destructive doc¬ trines. But the gentleman tells me to wait till the tariff comes up for discussion; sir, this may never happen; may not the majority pass that bill, as they are passing this important hill, under the previous question ? a majority may take the bill out of committee and pass it under the gag without amendment or debate; and from the disposition evinced to suppress debate on this occasion, have we not a right to apprehend that the same course will be pursued on the subject of the tariff, which, if passed at all, must be passed under the gag—it will not bear debate. But, sir, when I was interrupted by the honorable chairman of the Committee of Ways and Means, I was about to say, that if this bill increases the revenue to meet the demands of the treasury, it can only fulfil this office by nearly doubling importations. It repudiates protection, and adopts the horizontal plan; with a few exceptions it brings every thing down to thirty per cent, till the 1st of Sep¬ tember, 1845, when there is to be a general reduction of all ad valorem duties to twenty-five per cent, and under, resulting in a reduction of the duties imposed by the tariff of 1842 about one-third, or say one-fourth; then it is manifest that you must import one-fourth more foreign goods to make good the loss of revenue by this reduction, and one-fourth more to raise the additional five millions re¬ quired, making an increase of one-half, viz., fifty millions, which must of course destroy that amount of our own production; for instance, by this bill one-half the protection is taken off hats ; two-fifths off ready-made clothing; two-thirds off shoes; one-half off manufactures of iron; so that the hatters, tailors, shoe¬ makers, and blacksmiths loose one-half of their protection, and the Treasury oue-half the revenue ; and to make up for this loss of revenue we must of course double the importation of hats, shoes, manufactures of iron, and ready-made clothing, destroying a corresponding amount of our own production, as the con¬ sumption will continue the same whether the supply be furnished at home or from abroad; three cents is taken off every pound of imported wool costing over 8 seven cents; of course we must greatly increase the importation of wool to make good this loss of revenue. To understand the injurious operation of this bill upon every branch of the national industry, agricultural, manufacturing, and mechanical, I would suggest to the reader to turn to the table marked " C " in the appendix to the report of the Committee of Ways and Means, where they would see the precise extent to which every branch of industry would be affected by this measure. This re¬ port itself would thus furnish the best and most conclusive evidence of the destructive effect of the proposed measure upon American labor, and its bene¬ ficial effects upon foreign, and especially British industry; hence he had denom¬ inated this a " British bill," because it was calculated to advance the interest of British mechanics, manufacturers, and farmers, at the expense of our own. But, sir, if more revenue is wanted, why not increase the duties on luxuries consumed by the rich, rather than thus strike down the poor man's labor, and take the bread from the mouth of his children, to make room for the importation of fifty millions of dollars worth of foreign goods? Is this, sir, an American measure, can it receive the support of an American Congress, or the representa¬ tives of the Ameiican people? I call on the authors of this ruinous measure to come forth in its defence. I call on them to assign some reason for its adoption. I can readily discover reasons enough why England should desire its adoption, but they are the very reasons why we should reject it; just so far as it benefits them it injures us; this is a contest between foreign and American mechanics, farmers, and manufacturers, for the American market, and the question is, which side shall we take ? The tariff of 1842 shuts out the foreigner and gives the Americans the market; this bill proposes to repeal the tariff of 1842, and give it to the foreigner; to open our ports and again flood our country with foreign goods, and export money by ship-loads to pay for them; and why ? I again ask the committee upon what principle of national policy this measure is sustained ? THE TATtlFF DEMOCRATIC—FREE TRADE MONARCHICAL. Mr. Droaigoole replied to enable bare-headed people to buy cheap hats! To enable bare-headed people to buy cheap hats ! Sir, let me tell the gentle¬ man if he carries this measure, the poor people of this country would not only go bare-headed but bare-backed ; they would be doomed, like the paupers of Europe, to go half fed and half clad. The tariff, sir, is "the poor man's law;" it is this and this alone that gives him employment and wages. Just as the tariff goes down, the wages of labor will go down with it. Repeal the tariff—adopt the gentleman's favorite plan of" free-trade," and you will bring down the labor here, in every department of industry, to the level of the labor of the serfs and paupers of Europe. This is certain—it is inevitable. As certain as the laws of gravitation—as inevitable as that the removal of an obstruction between two un¬ equal bodies of water, will reduce the one to the level of the other. Repeal the tariff, and what is there to prevent our country from being instantly inundated with the productions of the low priced labor of Europe. When hatters, shoe¬ makers, blacksmiths, and all must come down and work as cheap as they do, or give up the market! With the present facilities of intercourse by steamships, you might as well attempt to establish higher wages and higher prices on one side of a street than on the other, as to establish and sustain higher prices and wages here than in Europe, under the delusive and Eutopian scheme of " free-trade." But, sir, this scheme would bring in its train other and more fearful consequences. Adopt this scheme, and you will soon bring down and degrade the now free and prosperous labor of this country, not only to the moral, but to the political con¬ dition of the slaves and serfs of Europe. By reducing their wages, you deprive the poor man of the means of educating his children and fitting them to be free. 9 By thus depressing one class of your people, you necessarily elevate another. You divide society horizontally into upper and lower classes—distinctions and titles supervene—jealousies and finally hostilities follow, and liberty itself is in the end swallowed up in monarchy. Such are the political and moral tendencies of every step in the direction of free trade. The protective policy is therefore democratic in its character and tendencies, it is a policy which promotes equality, not by depressing one class, but by elevating all—by elevating, sustaining, and protecting the labor of your own country against the ruinous and degrading effects of a too free competition with the low priced and depressed labor of Europe. These are views which belong to this subject, and should not be overlooked or disregarded by those who represent the free labor of this country, and especially by those who make jorofessions of democracy and love of the people. Now is the time, and this is the question, to test their sincerity. Those who represent slaves may be excused, but those representing freemen will be held to a strict accountability. THE DUTIES ADDED TO THE PRTCE, NOT TRUE. The great and leading objection to the protective policy is, that the duties are added to the price, and paid by the consumers. This objection lies at the foun¬ dation of the opposition to this policy; and, if unfounded, this opposition ought to cease. The duty is added to the price; this is the theory. Now, sir, how is the fact; what says experience? All experience proves that this objection has no existence, save in the imaginations of those who make it. Now, sir, I lay it down as a general proposition, that there never was a high protective duty imposed upon any article, from the foundation of this Govern¬ ment to the present day, the price of which has not been in the end reduced— greatly reduced—in many instances to one-half, one-third, and one-fourth of what it had been before these protective duties were imposed. This, sir, may seem to gentlemen on the other side to be a strong declaration; but, sir, I make it de¬ liberately, with a full conviction of its truth, and I challenge gentlemen to dis¬ prove it—I defy them to point out a single instance to the contrary. Let them examine, and they will find invariably that, wherever the duties have been high¬ est, the prices have ultimately come down the lowest, and for a very obvious reason—high duties promote competition, and competition never fails to bring down prices. This effect is invariable and universal; but unfortunately the du¬ ties always run up as the prices run down; hence the frightful lists of duties exhibited by the Com. of Ways & Means, amounting to 200, 300, and 400 per cent. When first imposed these duties were but 30 or 40 per cent.; but now, owing to the reduction of prices, they have run up to 200 or 300 per cent. By way of illustration take the article of glass, on which a duty of $4 a box was imposed at a time when glass cost $12; this was then a duty of 33 per cent., fiut now when home competition, induced by this protective duty, has brought down the price to $2 a box, the duty, owing to this reduction of price, is 200 per cent, instead of 33; the same is true of many ether articles on which the duty, when imposed, did not exceed 20 or 30 per cent., but now, owing to reduction of price produced by home competition, they amount to 2 or 300 per cent. When four cents per pound duty was put on cut nails, the price was twelve cents per pound, and this duty, of course, was 33 per cent.; but now, when the effect of this protective duty has been to reduce the price of nails from twelve to three cents per pound, the duty is increased to 100 per cent.; this is equally true of spikes, rods, wood screws, &c. Again: eight cents a yard duty was imposed on coarse cottons when imported at 20 cents, being a duty of 40 per cent., but now, when the price has come down to five cents per yard, the duty goes up to 160 per cent. Sir, I could go on and enumerate more than twenty such instances where the duties, though moderate when imposed, now actually exceed the price of the 10 article; yet we are told that in all cases the duty is added to the price, and paid by the consumer! That is, that the consumer pays $4 a box duty on glass that he buys for $2; 4 cents a pound on nails that he buys for 3 ; and 8 cents a yard on coarse cotton goods that he bnys for 5. Such are the absurdities into which these stale anti-tariff theories involve their votaries; but suppose what they allege were true in point of fact, and that the duty is really added to the price, the cost of cotton goods being 20 cents when the duty of 8 cents was imposed, add the duty, the price would be, of course, 28 cents a yard, and the duty only 28 per cent, instead of 1G0 as stated by the committee; hence, if you raise the price five fold, then the duty is quite reasonable, and there will be no objection whatever to its payment. Let the manufacturer, then, run up his price from 5 to 25 cents a yard, and he at once silences all the objections of the Committee of Ways and Means, as this would fix the duty at 30 per cent., just what they want it. But suppose the manufacturer were to reduce his price to one cent a yard, then the duty, being 8 cents, would be 800 per cent. Ilorrid oppression! who would submit to pay a duty of 800 per cent.? Who could then refuse to go with the Committee of Ways and Means for reducing such enormous duties? ABSURDITIES OF THE REPORT. But the Committee of Ways and Means say that the object of this bill is to increase the revenue by reducing the duties; yet, in the very same paragraph, they say, that should the revenue be found redundant, to avoid the horrid evils of deposites or distribution among the States, the duties should be instantly reduced, so as to reduce the revenue to the wants of the Government; at this time, the committee say, there is not revenue enough, and they propose to in¬ crease it by reducing the duties; but should it turn out that there is too much, then they say reduce it by reducing the duties. Thus a reduction of duties is alike effectual with the committee for a reduction or for an increase of reve¬ nue. Excellent disciples of Dr. Sangrado, who had but one remedy for all dis¬ eases, " bleeding and warm water." How such a palpable contradiction is to be reconciled or explained I am at a loss to conjecture. The committee proceed next to say that it is the true policy of every interest in the country, except manufacturers, to advocate the proposed reduction of duties, and they especially name agriculture. Now, sir, in my opinion the re¬ verse of this proposition is true; agriculture is much more interested in the maintenance of the present protective tariff than the manufacturer, and for the most obvious reasons: high protective duties are calculated to induce increased investment in manufactures; the effect of this is clearly to increase the demand for the raw material and bread stuffs produced by the farmers; and the neces¬ sary consequence of this increased demand is to increase the price of every thing the farmer has to sell, and, by increasing the quantity, reduce the price of man¬ ufactured goods. Thus the protective policy enables the farmers to sell higher and buy lower; while, on the other hand, increased competition obliges the man¬ ufacturer to sell lower and buy his supplies at higher rates; yet it is asserted in this report, and in every anti-tariff speech, that high protective duties are imposed for the benefit of the manufacturer at the expense of the farmer. Now I submit whether practically the opposite of this proposition is not the truth; and whether such is not the necessary and unavoidable result of the great laws of demand and supply which regulate and control prices throughout the world. But agriculture is still further benefitted by the.protective policy. By increasing manufactures, it withdraws a portion of the capital and hands from agricul¬ ture, and converts them into consumers instead of producers, into customers instead of rivals ; thus diminishing the quantity and increasing the demand for agricultural supplies, and at the same time increasing the supply and reducing the price of the manufactured goods which they get in exchange. Thus, in every point of 11 view in which the subject can be considered, the farmer is more benefitted than the manufacturer by the adoption and maintenance of the protective policy. By way of illustration—suppose in a village there is one manufacturing establish¬ ment of woollen goods; here the surrounding farmers sell their wool and other agricultural supplies ; the manufacturer, having a monopoly, regulates his own prices, as well as those of the farmers—he demands what he pleases, and gives what he will; but suppose a high protective tariff on woollen goods is passed, and instead of one woollen factory there springs into existence five or six in this village, the existing monopoly is at once destroyed; there is six times the de¬ mand for wool and provisions; this increased demand necessarily increases the price of every thing the farmer has to sell, and by glutting the market with six times the quantity of woollen goods the price is necessarily reduced. Such are the plain and obvious benefits of the protective policy to the farmers; yet poli¬ ticians would have them believe that they are oppressed and ruined by this policy, which can alone render them prosperous. MR. VAN BUREN'S OriNIONS ON THE TARIFF. And here, sir, it may not be improper to remark, that Mr. Van Buren entirely eoncurs with the Com. of Ways and Means. In his letter to the Indiana con¬ vention he says: " The great body of mechanics and laborers in every branch of business, whose welfare should be an object of unceasing solicitude on the part of every public man, have been the greatest sufferers by our high protective tariff, and would continue so to be were that policy persisted in, is to my mind too clear to require further elucidation;" but he further says, what is much nearer the truth, that high duties are injurious to the manufacturers themselves, for whose especial benefit we are told by the committee these high duties are im¬ posed. Mr. Van Buren says : " Excess of duties, which tempt to an undue and ruinous investment of capital in their business, is injurious to the manufacturers;" and how—by promoting competition, and reducing prices ? but is not this for the benefit of the consumers? But this is not all Mr. Van Buren says against the protective policy—he says, " the period has passed away when a protective tariff can be kept up in this eountry," that the tariff "increases the poor man's taxes in an inverse ratio to his ability to pay," and that direct taxation is a more equal and just system of revenue than duties on foreign goods. These, sir, are Mr. Van Buren's opinions upon the tariff, as proclaimed to the world in his Indiana letter. But let us look a little into the details and practical operation of this bill on the great agricultural, manufacturing, and mechanical interests of our country. In the first place it greatly reduces the duties on wool and woollens of all kinds; three-fourths of the duties, and more, are taken from coarse cottons and calicoes; lead is robbed of more than nine-tenths of its protection. But Penn¬ sylvania seems to be singled out for destruction. Her iron, her coal, her glass, her paper, her salt, and leather, are all struck down together, and we are to go to England for iron, coal, glass, &c. Yes, sir, in 1842 we imported more than four millions of bushels of coal, under a duty of $1 75 per ton. This bill reduces it to one dollar. Of course you must double, and doubtless you will treble the quantity imported; and for what? To increase the revenue. A few days ago Pennsylvania passed a resolution unanimously instructing us to go for protection " without regard to revenue." Yes, sir, these are the words, protection " without regard to revenue;" and here we are reversing the rule, going for a bill for revenue without regard to protection ; voting for 20,000 copies of a report in fa¬ vor of this anti-tariff, anti-American, and British bill. But this bill greatly, very greatly, reduces the duties on whiskey, brandy, gin, and wine. We must import whiskey and brandy for revenue, and give the rich 12 their wine at one half the present duty, and they must of course drink double the quantity or we loose revenue. What say you temperance men to this ? You must all get drunk on foreign spirits to increase the revenue. Tax the poor by direct State taxation, and let the rich indulge in wine, brandy, silks, and laces, at lower rates ! No, put the duties high on luxuries, and distribute the proceeds of the land among the States to relieve the poor from taxation. "Sir, pass this bill to lighten the burdens of the rich, while you double the burdens, reduce the wages, and destroy the labor of mechanics and the poor, and go home and hear what they have to say on the subject. The following abstract from table C, in the appendix to the report of the committee, will show the practical operation of this bill upon the mechan¬ ical., agricultural, and manufacturing interests of the country. Names of the articles. 4-> G to O) o ga ■c S> »> o ^ Names of the articles. O) o en ._ £ 3 T3 S 5 a.— £ P 3 cu -a Per ct. Per ct. EFFECT UPON MECHANICS. Per ct. Per ct. Whale or fish oil - - 44 30 Clothing, ready made by tailors 50 30 Wool costing over 7 cts per lb. 3 c. pr. lb. off. Mits, caps, binding, and hosiery 30 20 Linseed oil - 43 30 Umbrellas, parasols, and sun Spirits from grain, 1st proof - 132 42* shades - 30 25 Brandy, &c., from other mate¬ Silk hats, bonnets, See. 55 25 rials - - - 180 38 Hat bodies _ 43 30 Coal, per ton - $1 75 SI 00 Hats and bonnets ol vegetable substances - - * _ 35 25 EFFECT UPON MANUFAC¬ Childrens' boots and shoes _ 60 30 TURERS. India rubber shoes _ 30 20 Wool, all manufactures of - 40 30 Clocks - 30 20 Carpetings, treble grain - 87 30 Un tarred cordage - 188 30 Brussels - - 42 30 Iron cables or chains - _ SO 30 Venitian - - 45 SO Cut and wrought spikes - 82 30 Other ingrain - 46 30 Cut nails - 43 30 Coarse cottons, (being a reduc¬ 30 Brass kettles, (hammered) _ 43 30 tion of three-fourths) 120 30 Japanned, plated, and gilt ware 30 25 Cotton bagging 53 30 Cutlery ot all kinds - _ 30 25 Oil cloth furniture - - 62 30 Sole leather - - _ 53 25 other kinds 54 30 Call skins _ 37 25 Iron, bolts and bars 77 61 Bricks and paving tiles _ 25 15 railroad - - 77 31 Metal buttons - _ 30 25 pigs - 72 56 Hard soap - - _ 51 30 nail and spike rods - 56 30 China ware - - 39 20 vessels cast - - wood screws - — 45 63 30 30 EFFECT UPON FARMERS. Steel, cast, shear and German Glass, cut - 36 21 Wheat _ 35 25 186 30 Beef and pork - _ 120 25 window, S bv 10 62 30 Cheese - _ 70 25 12 by 16 165 30 Vinegar - 54 25 Lead, pigs and bars - - 66 30 Pearl or hulled barley — 67 30 Gunpowuer - - - 51 30 The 12th section of the bill provides that, after the 1st of September, 1845, all the duties above 25 per cent, is to be reduced to that horizontal standard, 25 per cent. *In 1842, we imported more than four millions of gallons of wine, and nearly two million gallons of distilled spirits. England imposes 2,700 per cent, duty on our whiskey, and we, by way of reciprocity, now propose to reduce our duties on English and Irish whiskey (1,650,000 gallons of which, with other distilled 13 spirits, was imported in 1842) to a mere nominal duty! The duty of 25 cents on wheat would also be affected. This bill brings all duties above 30 per cent, down to 30 per cent.—a horizontal tariff, except on a few specific articles ; and in one year more, it brings the duties down to 25 per cent., discriminating for revenue below that standard. This was bringing it nearly down to Mr. Van Buren's standard, established in his famous Indiana letter. His maximum was 25 per cent, till the debt was paid, and then 20 per cent., discriminating for revenue be¬ low that amount, but in no case above it for protection. This -was Mr. Van Buren's plan, as laid down in that letter, to which he referred gentlemen who might be dis¬ posed to doubt it. [Here Mr. S. was interrupted by a call to order from a Van Buren man.] Mr. S. said gentlemen seemed very solicitous about order when their favorite men and measures were assailed, but nothing was out of order when it suited their purpose. Why was not the gentleman from Ohio (Mr. Duncan) called to order, when, on a bill to fix the time of holding elections, he had introduced a coon, a dead coon, and had dissected it professionally, discussed it scientifically, inside and out; he had introduced all the Whig banners and flags of the campaign of 1840, and dis¬ played them with great pomp, circumstance, and ceremony ; and all this, in the estimation of gentlemen and of the Chair, was then perfectly in order. distribution advocated. From recent intelligence, coming in from all quarters, it is now manifest that we shall have a surplus revenue at the end of the year, independent of the pro¬ ceeds of the public lands. If then the tariff yields revenue enough, as I doubt not it will, why not distribute the land proceeds among the States, to relieve their people from oppressive taxation ? Pennsylvania, sir, owes a debt of forty mil¬ lions of dollars, contracted in the prosecution of a stupendous, but ill advised, system of internal improvement, equally important to Ohio and the whole West, and hence she had claims for assistance on this Government. [Mr. McKay said, if she has contracted a debt of forty millions let her pay it!] Sir, if you withhold her share of the public lands, how is she to pay it? Her debt is now increasing, by the addition of two millions annually, on account of interest. She could pay it by doubling and trebling the present heavy taxation, which now crush her people to the earth. Yes, double the taxes of Pennsylvania, and it would not pay the interest of her debt, let alone the principal. As a Pennsylvanian, therefore, I go for the proceeds of the public lands to aid the people of Pennsylvania to pay their debt. Pennsylvania has a clear, legiti¬ mate, undoubted right to one-tenth part of the land or its proceeds. The popu¬ lation of Pennsylvania is one-tenth part of the population of the Union ; and if we were to distribute the land itself to-morrow among the States of this Union, Pennsylvania would get more than one hundred million acres of the public lands. Would not that be an ample fund in the end to pay off the debt of Pennsylvania thrice told? Now, I claim, as a Representative from Pennsylvania, her share of the proceeds of the public lands ; and I hope no Representative from Penn¬ sylvania, who looks at the condition of his constituents, crushed under this weight of taxation, of unceasing and increasing taxation, would vote against it. He thought that no gentleman from Illinois, Indiana, Ohio, Louisiana, Alabama, Maryland, Michigan, Mississippi, and other indebted States, some of them more, and others almost as much, indebted as Pennsylvania, in proportion to their popu¬ lation and means, ought, and he hoped none of the Representatives of these States would vote, to withhold from their people their share of the land, and by so doing, rivet taxation on them and their posterity forever. By the terms of the grants or deeds of cession, these lands had been ceded by the States to the Union. And for what ? To pay the Revolutionary war debt. And when that was paid, the 14 lands were to go to the States, including the new States, and those which had made the cessions. What does this Government want with this fund ? It has an abundance of rev¬ enue, and if we relieve the people of the States from taxation by giving them what they are entitled to—the proceeds of the public lands—do we not relieve the people of these United States ? Do we not relieve the people of this Gov¬ ernment from taxation, when we relieve the people of the States from taxation ? (For the people of the States and the people of the United States are the same people.) I submit whether it is not right and fair to relieve the indebted States of this Union from the heavy burden of taxation which is crushing their people, by giv¬ ing them their share of the proceeds of the public lands. The tariff, so far as it operates as a tax upon the people, is the lightest form, and least felt, inasmuch as the payment is entirely voluntary ; but the chief burden of taxation in this form is thrown from the people of this country upon the foreigner, who is obliged to reduce the profits and the prices of his goods, in order to get them into market, wherever there is an American price established by American labor. But, sir, there is another argument in favor of distribution—so long as the pro¬ ceeds of the public lands come into the Treasury of the General Government, we never can have a firm, settled, established revenue policy. The fluctuations in the proceeds of the sales of the lands in past years, varying as they have from less than two millions to upwards of twenty-four millions per annum, if they are suffered to remain in the general Treasury, we must raise and reduce the tariff of the country correspondingly. I would take the proceeds of the lands and give them to the States, if for no other reason than to relieve the Treasury from this -unsettled policy, and to give the country a firm and established revenue system. In 1836, the public lands yielded upwards of twenty-four millions, a sum suf¬ ficient to defray all the expenses of Government, and of course creating an im¬ mense surplus ; then we heard the cry of " repeal the tariff—down with the tariff— too much revenue." But in two or three years the proceeds of the lands sunk down to less than two millions of dollars ; then was raised the cry of " up with the tariff." Thus, so long as the proceeds of the lands, this uncertain and fluctuating source of revenue, goes into the Treasury, nothing can be settled or fixed in the tariff policy of the Government. I hope, therefore, the representatives of the indebted States will go with me and vote down this bill to repeal the distribution act, and thus relieve their tax- ridden people from the burdens of direct taxation, and at the same time relieve the Treasury from this source of revenue, which unsettles and deranges not only the finances, but the trade and business of the country. Sir, this measure 4)f distribution is equally important to the non-indebted States ; they receive au equal proportion of the proceeds of the lands, which could be applied to pur¬ pose* of education or of improvement, or to whatever the wisdom of their peo¬ ple may direct. This measure of distribution is a measure of relief to the States, and I now predict that we will have two parties in this country—the "relief party," going for distribution, and "the anti-relief and tax party," going for direct taxation. There were only two ways of paying the State debts—distribution or taxation ; taxa¬ tion, unmitigated taxation, now, henceforth, and forever. Which are you for is the question, and gentlemen must meet it. They must either go for distribu¬ tion and relief, or for taxation and no relief. They have their choice, they must make it and be responsible to the people. The improvements made by the States, and which had been the great cause of involving them in debt, are highly beneficial to the United States, in connection 15 with the transportation of the mails, the promotion of commerce among the States, and the defence of the country in time of war; and hence, the United States was bound to help pay for them, by giving the proceeds of the public lands. General Jackson advocated the distribution of the surplus revenue among the States, on this ground. He contends, in his message of 1830, with great truth, that the improvements made by the States, " constitute the surest mode of con¬ ferring permanent and substantial benefits on the whole Union." Besides, he contends that the money distributed by the General Government among the States, " would be more judiciously applied and economically expended, under the direction of the State legislatures." Such were some of the arguments urged by General Jackson in favor of this policy which Mr. Van Buren now de¬ nounces as a " preposterous proposition,"—the mere agitation of which, he says, is disgraceful to the character of the American people, and which his friends on this floor are now voting down, without a word of explanation or de¬ bate. What will the illustrious Chieftain of the Hermitage say to this ? THE WHIG AND VAN BUHEN SYSTEMS. But, sir, we are told that " the Whigs are a party without principles." Sir, are not their principles known and avowed every where ? On this subject, the Whig system is this: Remove from the National Treasury that disturbing source of reve¬ nue, the Public Lands, and give them to the States to which they rightfully belong, to pay their debts, and relieve the people from taxation. Then regulate the Tariff, so as to supply revenue enough for an economical administration of the Federal Government, by imposing protective duties on such articles as we can and ought to supply at home, and revenue duties on luxuries and articles not produced, sufficient to supply the wants of Government. This is the Whig system. Now, %ir, what is the Van Buren system ? Just the reverse. It is to refuse all relief to the people and the States, by distribution or otherwise; to reduce the Tariff, and let in foreign goods to the destruction of our own industry; ex¬ haust the wealth and currency of the country to pay for them; double the expenses of Government, to enrich office-holders and favorites, and leave tire Government again as they left it in 1840, after twelve years administration, impoverished, and overwhelmed with bankruptcies and debts, State and National, amounting to more than two hundred and twenty millions of dollars. How was it, sir, during the twelve preceding years, when Whig policy pre¬ vailed ? Look at the official reports from the Treasury, and you will find, sir, that during that period we paid off 141 millions of the war debt, expended 12 millions for internal improvements, and left the country with a surplus reve¬ nue of more than 12 millions a year, a sound currency and universal prosper¬ ity ; but in 1828 there came a change. The next twelve years was a period of disastrous experiments, resulting in the excessive increase of banks, the ruin of the currency, the inordinate importation of foreign goods, the consequent de¬ struction of agriculture, manufactures, and the mechanic arts, and the involve¬ ment of the States and people in a foreign debt of more than 250 millions, which now hangs like a millstone about their necks. The people could stand it no longer; they determined in 1840 to have a change—to throw off this incubus— bu', by an unforeseen event, this was defeated. The period is, howfever, ra¬ pidly approaching when die people will again come to the rescue, and achieve the great object they then had in view. But we are told, sir, by Mr. Van Buren himself, that this glorious revolution of 1840, was the result of infatuation, folly, and madness, on the part of the people. Sir, is this true ? Is it not a foul slander on the American character ? Is it not a a gross insult to the people, and will it not be so regarded? Sir, that election was the result of a deep and deliberate conviction of the ruinous effects of Mr. Van Bu- jen's policy—effects seen and felt, severely felt, throughout this land. The pea- 16 pie saw-that nothing but a change—a thorough change—could save the country from hopeless bankruptcy and ruin. That conviction has since been strengthened and confirmed ; and the beneficial effects of the Whig tariff of '42, now rapidly restoring the national prosperity, furnishes new and powerful motives to stimulate and strengthen the friends of reform. Sir, if you want evidence, look to the un¬ equivocal indications of public opinion throughout the country. Is not the " handwriting upon the wall", in characters so large and legible that "he who runs may read?" In 1840, the people, by the unprecedented majority of 145.000. pronounced judgment against Mr. Van Buren. Can this be overcome witnout a Cnange ? And where are the changes in his favor? Where is the man. who voted against him then, who is for him now ? or if there be any such changes, are there not two to one the other way ? But, sir, if there were nothing else, the passage of this bill, withholding from the people, in their time of need, their share of the Public Lands, and the attempt to repeal the Tariff of '42, and again inundate the country with foreign goods, break down our own farmers, mechanics, and manufacturers, by the passage of this destructive, anti-American, anti-tariff bill, would of itself be abundantly sufficient to condemn any party, how¬ ever popular, with a vast majority of the free, enlightened, and patriotic people of this country. The people will not permit any man, or party of men, long to trample upon their rights and interests with impunity. I know, sir, they have borne much for the sake of party; they have excused bad actions by the ascription of good mo¬ tives. But there is a point where "forbearance ceases to be a virtue that point has been reached and transcended. The people have decided upon a change, and they will have it. They expressed this determination in 1840— they will repeat it in 1844, with increased emphasis. The decree hgs gone forth, and is irrevocable. It is seen on every hill—it is heard on every breeze— and felt in every throb of the popular pulse. The hand is upraised, and the blow will follow'as certain as the stroke of fate ; as well might you attempt to avert the winged lightning or stop the thunderbolt of Jove. The popular will is formed ; it is the true and just sovereignty in this land ; it must be respected and obeyed. And politicians can no more stay it in its course, or divert it from its purpose, than the tempest-tost mariner can control the winds and the waves that overwhelm him. For sale at Gideon's Phinting Office, Ninth Street, Washington. Price §1 per hundred. SPEECH OF I MR. JOHN WETHERED, OF MD., ox THE TARIFF, Delivered in the House of Representatives of the U. S., April 24, 1844. WASHINGTON: PRINTED BY JOHN T. TOWERS. 1844. SPEECH OF MR. JOHN WETJIERED, OF MARYLAND, ON THE TARIFF. Protection—" under thy wings all things prosper." Mr. Chairman : In the remarks which I am about to make, I do not intend to indulge in any fine spun theories, but shall leave all speculative opinions and abstractions to gentlemen on the other side of the question, and confine myself to a matter of fact discussion of the subject under con¬ sideration, believing that one fact is worth a thousand arguments. I must here say that I am glad to find the party, who deny that Congress has any constitutional power to protect the labor of the country, is narrowed down to a very few members in this Congress. It is not an undue assump¬ tion to suppose that the distinguished gentlemen who framed the Constitu¬ tion, understood the powers of that instrument quite as well as the doubting wiseacres of the present day. Can any gentleman have doubts of the meaning of the language used by Mr. Madison, the father of the Constitu¬ tion, in the first general act of Congress, viz : " Whereas it is necessary for the support of Government, for the discharge of the debts of the United States, and for the encouragement and protec¬ tion of manufactures, that duties be laid on goods, wares, and merchandise imported. Be it enacted," &c. This act was signed by President Wash¬ ington, the fourth of July, 1789. The gentleman from Indiana, (Mr. Owen,) has declared he intended to V 4 call things by (heir right names. I intend, too, to adopt this course, by giving (his bill from (he Committee of Ways and Means its true name; that is, a destructive British bill—a bill to destroy the manufacturers and mechanics of our own country—to break up their workshops, and encourage those of Europe. It was in character with the bill itself that the debate should have been opened by the gentleman from Indiana, (Mr. Owen,) a gentleman so lately a subject of Great Britain, and with all his predilections in favor of the land of his birth. I do not object to the gentleman on account of his foreign birth, but when the question arises, whether the workshops shall be in England or the United States? I think, as a Representative on this floor of American interest, it would be more becoming, and show more of Ameri¬ can feeljng, if he would lay ; side his foreign predilections, and sustain the land of his adoption. I have no doubt, sir, if that gentleman were to emi¬ grate back to England, with his Free Trade speech in one hand and this bill (a law) in the other, and make his best bow to Queen Victoria, and kneel before her, she would strike him gently on the shoulder with a sword, and greet him with the words, rise " Knight, Sir Robert Dale Owen," you have done my State some service. Aye, sir, if the honorable committee who reported this bill were to go into that country they would have their re¬ ward, and be honored with the titles of Earl McKay, Lord Dixon Lewis, Duke Dromgoole, Sir John Weller, &c'. England generally rewards those who promote her interests, and they certainly have some claim to conside¬ ration. Sir, in framing this bill the committee (instead of sending for the farmers, the manufacturers, and the mechanics of our own country, to learn from them its practical effects upon their various interests) preferred writing to the British importer, the British agent, and the British manufacturer; and have actually, with the view of sustaining their suicidal measures, even appended to their report a table furnished by a manufacturer of Manches¬ ter, showing ihe rates of duties on various articles made by him! !! If this is not " going down to Egypt for strength," I would like to know what would be. I have examined this bill pretty thoroughly, and confess that I am at a loss to say whether it is a Free Trade bill or not. It seems to me it might much more appropriately be styled " a bill to entourage British interests." It is true that iron, sugar,and spirits,are accommodated with specific duties ;setMewhnt protective. These baits have, no doubt, been thrown out to catch ihe sweet gentlemen from Louisiana, and the patriotic Democratic members from Pennsylvania, as some of these gentlemen, though willing to pull with the committee, were soon driven back by their constituents. The purposes of these distinctions are loo glaring to be mistaken, and the attempt to im¬ pose them upon this House must certainly fail. The committee should have acted consistently, and whilst breaking down nearly every important interest of the country, should have carried out their principles. If the bait takes, the next attempt will no doubt be to destroy the few remaining in¬ terests not now assailed. If the enemies of domestic labor ever conquer, it must be by creating divisions among their opponents; their maxim will be, divide et impcra. I wish the principles of this bill (which we are told was framed for reve¬ nue) contrasted with the existing law, framed for the same purpose, but 5 with very proper discriminations for protection. The latter was framed by a gentleman from New York, (Mr. Fillmore.) chairman of the Com¬ mittee of Ways and Means, not now a member of this House; he was brought up a practical mechanic, and consequently knew the wants, the wishes, and the feelings of that valuable class of our community, and who framed his bill so as to produce ample revenue, without inflicting injury on any particular branch of the agricultural, manufacturing, or mechanical in¬ terests of the country. I find gentlemen getting up here and declaring that commerce is injured by the operation of the present Tariff. If this be so, why do we find so many of the merchants, who certainly understand their own interests, and know very well they cannot thrive except in a prosperous communityr. among its warmest advocates? No longer ago than at the time of the last Congress, my colleague from Baltimore, (Mr. Kennedy,) presented a pe¬ tition from 9,000 voters in his district, embracing the most commercial and populous part of Baltimore, in favor of a protective Tariff, on which was lound the signatures of almost every merchant in that. city. Now, as long: as this class of our community are satisfied, I hope gentlemen will show 110 false sympathy for them. The Committee of Ways and Means tell us that they propose to reduce the duties for the purpose of raising revenue—that the revenue would be short, and add that 25 millions will be necessary to carry on the Govern¬ ment. Now, let us examine into the facts of this matter. Before the ink with which this bill was written was dry, we have returns from the custom houses of the country, proving beyond all doubt or apprehension thai abundant revenue would be derived from the existing Tariff, and that on this score no change was necessary. In New York alone the receipts in the months of January, February, and March, amounted to $5,731,000 ; which exceeds the estimates of the Secretary of the Treasury for the whole country. That pretext thus unexpectedly overthrown, we find the advocates of this pernicious bill resorting to other arguments infavor of this yeleped Free Trade bill. , The gentleman from Alabama, (Mr. Payne,) has asserted that protectis© was an exclusive privilege to the owners of the spindle, shuttle, and ham¬ mer, Now, I assert, that protection is necessary to every interest of the country—to the laborer, the man of business, the mechanic, the farmer, and! even the cotton planter. Take away the duty on sugar, and I leave South¬ ern gentlemen to calculate what, this valuable interest having been destroyed, would be the amount of cotton brought into market, in addition to what is already brought in, and the effect it would produce on prices. The gentleman from Indiana, (Mr. Wright,) asserted that the agricul¬ turists were injured by the protective policy ; that the consumer paid addi- ional prices for all he used, and got less prices for all he raised. Sir, I listened attentively to the remarks of the gentleman, expecting hina to particularize some articles, the duties on which were found to be oppres¬ sive to his constituents; and after wandering a great deal through the broad field of argument, he quietly melted down into the article of salt, and de¬ voted a large portion of his hour in endeavoring to convince the House that his constituents were oppressed by the very burdensome duty of eight cents per bushel on salt. I beg the gentleman will retain his briney tears for some 6 other event, as I will endeavor to remove the cause on this occasion for any display of his sympathy. It- is known that we import about 6,350,000 bushels of salt for home consumption ; and it is estimated that we manufac¬ ture about ,the .same amount, say 6,350,000 bushels. Our population is about 20,000,000; this would make about one-third of a bushel to each in¬ dividual. Now, if the price was increased to the amount of the duty, it would impose the enormously oppressive tax of 2| cents upon each of his constituents!!! But I will not admit that this is even the case, for it is well known that nearly all the salt imported here comes in as ballast, at a mere nominal freight; this, in connexion with domestic competition, keeps down the price. To show that this is the case, I read from a table compiled by the chairman of 'the Committee on Manufactures, (Mr. Hudson,) showing the Prices and duty on Salt from 1795 to 1843, inclusive,per bushel, at Boston. YEAR. PRICE. DUTY. YEAR. PRICE. DUTY. YEAR. PRICE. DUTY- 1795 77 c. 12 c. 1812 61 c. free. 1828 4Sc. 20c 1796 56 12 1813 66 u 1829 50 20 1797 47 12 1814 72 20 c. 1830 44 15 1798 69 20 1815 79 20 1831 46 15 1799 61 20 1816 70 20 1832 51 10 1800 61 20 1817 56 20 1833 38 10 1801 75 20 1818 58 20 1S34 32 9.5 1802 64 20 1819 64 20 1S35 34 9.5 1803 56 20 1820 5S 20 1836 36 8.9 1804 78 20 1821 52 20 1837 38 8.9 1805 72 20 1822 58 20 1838 37 7.4 1806 57 20 1823 54 20 1839 36 7.4 1807 64 20 1824 50 20 1840 34 6.1 1808 68 free. 1825 50 20 1841 35 6.1 1809 50 « 1826 44 20 1S42 28 *5.4 1810 44 u • 1827 47 20 1843 23 . 8 1811 • 57 Cf * From 1834 to 1843, the duty was declining under the operation of the Compromise Act. The amount of duty must depend upon the price. The above is only an estimate of the duty, though probably not far from the truth. I ask the gentleman how it happens that, two years ago, when salt paid a duty of about 5^ cents, it sold for 28 cents per bushel? and that, at this time, it pays a duty of 8 cents, and sells for 23 cents per bushel 1 If he can discover any particular influence which the duty has upon this article, it is more than I have been able to do. I deny, sir, that the protective policy has the effect of permanently rais- ing prices upon most things manufactured in this country ; and I need not leave this Hall to prove this. The shirt that I now wear cost 12^ cents per yard. It is the product of our own soil, and the manufacture of our I own citizens. Before we had a protective Tariff, the same article qould not have been imported from England at a less cost than three times this price. The cloth of my coat cost $4 per yard, and I assert that cloth of equal value could not have been purchased, before American skill and competition, by a protective Tariff, were brought into requisition, for $6 per yard. The pantaloons which I now wear cost $1 50 per yard, while such goods were readily sold for $2 50 before they were protected here.— These boots cost $3 50 per pair, and I will appeal to any gentleman who hears me, if as good could have been produced for $6 before our bootma¬ kers were protected. That hat cost $4 ; before the manufacture of hats was protected, the same article, of equal quality, could not ha^e been bought for less than $8. I feel proud in saying that these articles are all of American manufac¬ ture. Mr. Chairman, I hold in my left hand a pattern card of French printed muslins, at from 20 to 25 cents per yard, and, in my right hand, an Amer¬ ican article of similar style and quality, at from 124 to 16 cents the yard ! Verily, the country must be now afflicted with a most oppressive Tariff upon the consumer! Again, sir: This pattern card of American fabrics contains a great varie¬ ty of styles of woollen goods, used as cloaking for ladies' wear, and linings for the cloaks of gentlemen. This manufacture has only been attempt¬ ed in our country within about two years past. Before that time, the article was exclusively imported, and sold from $2 50 to $3. Already has the enterprise and skill of our domestic manufacturers brought down the prices to $1 and $1 50 per yard. In confirmation of the correctness of the views I have endeavored to lay before you, I will, as concisely as possible, submit the following additional evidences of the happy effects produced by the operation of the existing Tariff upon various other articles, the manu¬ facture of which has been introduced into the United States, as furnished me by an experienced merchant: Relative value of sundry articles, made up from actual sales in 1841, when the Tariff ranged the lowest, and in 1843, under the present rates of duties. Domestic Goods. January 1, 1841. January 1, 1844 Cotton oznaburgs, per yard S to 10 cents. 6^ to 7^ cents. J brown shirtings. " 6^ to 8^ cents. 4| to 6|- cents. a « " " 8| to ll" cents. 6^ to 8.^ cents, f " sheetings " 11 to 14J cents. S£ to 10£ cents. The prices of bleached goods have changed in the same ratio. Domes¬ tic prints, (staple styles,) to 18 cents—8£ to \2\ cents; domestic cloths and cassimeres and sattinets reduced not less than 33^ per cent. The effect of the Tariff on calicoes or prints is probably as great as on any other article. During the year 1840, large quantities of British prints were imported that cost from 22 to 28 cents per yard ; in 1843, prints of as good quality were produced in this country as low as 15 cents per yard, which entirely excluded British prints from our markets. In 1841. In 1843. 4 3 a 3£ 7 a 12J a 16| 9 a 14 15 a 20 10 a 14 16 14 3 a 8 2\ a 6£ 5 a 5{ 3fa 4 Cast hollow ware, per lb. Flat iron, per lb. - Anvils, per lb. - Vices, per lb. Scythe blades, per dozen Weeding and hilling hoes, per doz. Nails, Richmond made - Carpenter's knob locks average full 33( less in 1843 ; slock locks full 20 per cent, less; table knives and forks and pocket knives, 33| less; spades and shovels, 20 per cent, less ; trace chains, 5 per cent, less ; cross-cut and1 mill saws, 124 per cent less. .Gentlemen ask if all this be so, why is it we want protective duties, par¬ ticularly if their tendency be to reduce prices? We answer, that protection is wanted to secure a market for our goods; the manufacturers only want tegular trade and employment for every individual in the community. When that is the case, they can run the whole of their machinery the full time- Protection gives this ; it secures a healthy, steady demand, they constantly have ready sales and quick returns; but when they have a.precarious, un¬ certain, fluctuating market, they are obliged to stop one-half, three-fourths, or perhaps the whole of their machinery. This is the reason the manufac¬ turers above all things want steadiness of legislation ; this vacillating policy did more to break up manufactures than any thing else. Let the same pro¬ tection be given to the American mechanic and manufacturer that these- classes receive in all wisely administered and well regulated Governments in Europe, and it will soon be demonstrated that Ameriea, in this depart¬ ment of social and political economy, as in every thing else, can successful¬ ly compete with the whole world. If I am not sufficiently clear to gentlemen, I will endeavor to exemplify " my meaning by relating a circumstance which happened a few days since. A lady (the best authority in the world) informed me that she had called at ihe shoemaker's shop of one of my constituents to purchase a pair of shoes, for which he charged her 75 cents. Why, said the lady to him, do you now only ask me 75 cents for these shoes, when I heretofore always paid one dol¬ lar for the same kind ? Wherefore have you fallen- in price ? Oh, madam, 'tis the glorious effects of the last tariff. How, then, said the lady, are you in favor of a tariff which brings down the price of your shoes'? Simply be¬ cause every body now, owing to the improvement in all branches of busi¬ ness has employment, we lose no time, are paid in good money, and I do a better business at 75 cents per pair than I did before at $1. Sir, I hope in the face of all these facts, and the additional evidences I shall lay before you, we shall have no more crocodile tears shed here for the people, under a pretended sympathy on account of their being so much op¬ pressed by a protective tariff; all they ask is to be let alone. The people have not called for a repeal of this tariff; they want no more experiments. The honorable gentleman from Indiana (Mr. Wright) said that in 1810 twelve pages only were required to keep the account of dutiable articles at tire Treasury Department, and was horror-struck at finding that forty-four pages were new used for that purpose. 1 take this as decided evidence that we are becoming, as a natioD, more independent, as our own mechanics manufacture many articles now for which we were heretofore dependent upon foreign nations. I trust that the list may go on to increase until we are truly independent in every respect. 1 will now proceed to show some of the practical effects that the bill now before us must produce if it becomes a law. With reference to the article of wool, by the present tariff, upon that costing 7 cents per pound and under, there was a duty of 5 per cent.; the gentlemen who reported the bill pro¬ posed a duty of 15 per cent., and one of the members of the committee pro¬ posed a duty of 30 per cent., (which was the amendment now before the committee.) This lock of wool is a sample of the wool that comes in at 5 per cent, at present; not a single pound of it is raised in this country ; this other lock is the coarsest American wool—any gentleman can see the differ¬ ence between them. Now, if the gentlemen of the committee had inform¬ ed themselves, they would never have reported such a bill as this. Blankets, an article for which this wool was used, by this bill were suffered to come in at an ad valorem duty of only ten per cent. If the bill was framed for rev¬ enue, it would utterly fail, for not one single pound of the wool would be brought into the country if they destroyed the manufacturing of it; it would go to Europe and be manufactured, and come here in the shape of blankets. the importance of the protective system to the farmer. The gentleman from Indiana (Mr. Wright) stated that the agriculturist is injured by the present tariff, and the gentleman from Ohio (Mr. Brink- erhoff) that it would be impossible to create a home market for their ag¬ ricultural products. That his district alone has a large surplus to dispose of. Sir, I can name a single manufacturing establishment which will consume the surplus of his whole district. In answer to these gentlemen (the representatives of agricultural districts) I will endeavor to show that this protective tariff was the very thing their constituents wanted. Gentlemen here might not understand it, but I think their constituents would. The duty on wool under the present tariff was 3 cents per pound and 30 per cent ad valorem, and on woollens it was 40 per cent. The gentleman represented this duty on woollens as forthe exclusive benefit of the manufacturers. Now, I assert that the manufacturer of wool¬ lens has a protection of only about 15 per cent. One-half of the cost of the cloth was wool; the wool grower then certainly got one-half of the pro¬ tection; the foreign manufacturer or shipper cheated him out of at least one- quarter of the remaining duty, which left to the manufacturer barely a pro¬ tection of 15 per cent. I will now show the importance of this interest to the agriculturists gen¬ erally : There is estimated to be in the United States 25,000,000 sheep, at $2 each - - - -' - - $50,000,000 it requires about one acre of land to support three sheep, say 8,500,000 acres of land, at $10 per acre - - 85,500,000 Amount invested for manufacturing woollens, in lands, water and steam power, buildings, machinery, and cash capital - 60,000,000 Whole amount employed in the growth and manufacture of wool - - - - - - - 195,500,000 This is considered a low estimate. 25,000,000 of sheep will produce 62,500,000 lbs. wool at 32 cents $20,000,000 The manufacturing of which will require the consumption of other agricultural products, such as flour, meal, beef, bacon, vegetables, wood, teazles, lard oil, lumber, &c., &c., of at least - 10,000,000 Annual consumption ..... 30,000,000 Value of woollen goods made from the above - - 40,000,000 which clearly proves that 75 per cent, of the cost of the woollen manufac¬ ture pass into the hands of the farmer. This branch of the business requires the additional employment of at least $1,000,000 of capital for machine making, &c. I have carried this branch of manufacture more into detail for the reason that I am more familiar with it; the same remarks will, how¬ ever, apply to many other branches of the manufacturing and mechanic arts, to cotton, iron, silk, flax, tobacco, leather, &c.; in fact, the principles here set forth will be found to have nearly a universal application. I will now present a statement of a single Cotton Factory in the district which I have the honor to represent. This establishment consumes annu¬ ally 1,180,000 pounds of cotton, which, at 10 cents per pound, is $118,000 Other incidental articles, such as leather, pickers, reeds, twine, &c. 8,500 Potatoe starch, 36,000 pounds. Oil, 2,500 gallons Cash for wages, (supporting 1,000 souls) - 60,000 Transportation ------- 3,000 Commissions, &c. - - - - - - 10,000 Flour consumed on the premises, 1,000 barrels. Corn " " 3,000 bushels. Bacon " " 50,000 pounds. Besides, fresh meat, poultry, vegetables, 8rj notwithstanding the e?iormous tax ! And the same may be said of mesa&il our articles of consumption, which have been represented as being 3t> "raw-- erously burthened " with duties, to wit: iron, salt, molasses, sugar,. Besfej... twine, &c., as well as cotton goods and woollens. I have before me ta-Ms®-- of prices from the most authentic sources in several of the cities, whkffv, apprehend, cannot be denied, and which establish the facts which I asseslC And if a people pay less for what they have to buy, and get more for wfes fhey sell, after the adoption of a measure imposing duties upon import than they did before, it will be difficult to make it appear that they S3®* " burthened" by its operation. However clearly gentlemen may "cyphsn it out," and make it appear, in figures, by their calculations, that 10f>, aaaSD 150, and 200 per cent, duty is paid by the consumer, notwithstanding Ita- -. gets his article cheaper, yet it will be a difficult matter to make the oppsKs- sion felt in this way. You might as well go out and undertake to co&Timirr the first man you meet in the street that he is " burthened" and ed " by the weight of the atmosphere in which he moves, by proving tar> him that he bears fourteen pounds upon every square inch of the surfaev df his body. This, I believe, by philosophers it is said, can be " cypfssrosM out" and demonstrated to a mathematical certainty, and according So -wfifa-SL* an ordinary man supports or sustains constantly not less than tweniy-^j&~~ thousand pounds!—an immense "burthen," according to figures, tot setf that is neve.r felt in practical life. And it would be very difficult to piwti to a man that he suffers much from this calculated pressure, or fhaS 5ae- would be better oft'if it were removed. Heavy and enormous as the theo¬ rist and dealer in figures might make it, yet he knows that it is essential la his health, vigor, action, and life—that without it he could not exist- asii" ■ that in it he literally "lives and moves and has his being." But gentlemen say that they cannot see how it is that prices do noi rise when duties are increased. Well, sir, that is not my object at this ttoa to explain. All I am speaking of is facts that no man can gainsay ®r "See Appendix C 8 •&eny. Duties on the articles to which I have alluded have been increased, and prices on the same have not risev. It is very clear, therefore, that it can- i not be said that the people have been "oppresstd" thereby. This may ap- I pear strange, but no stranger than many things around us, which, however little understood, are nevertheless known to be true. The laws of trade, like the laws of nattue, must not be judged of by abstract theories, discon¬ nected from experience and observation. How the vapors ascend and form the clouds in the firmanent above, and again fall in refreshing showers, to water the earth and purify the air and sustain animal and vegetable life, - amy not be very well understood or fully comprehended by all, and yet all :saloyed. No sooner was this done, than the first company commenced i TOiderselling, and even putting their ice at a price that allowed no profit at . ail, and which the weaker concern could not afford to do. The object of < course was to break down their new rival—to get it out of the way, and then rto have the market to themselves again, when they could restore previous prices, or perhaps higher rates, to make up for losses. Th« result was, an .appeal to the people, or the purchasers of ice, to sustain the opposition, or domestic establishment. The people did so—the competition was kept up, ; sad the prices kept low. And so it is with English capitalists and manu- , iaciurers—when they cannot sell to us at a large profit, they will take less; md when they find that our artizans and mechanics and craftsmen of all 'Mads can make as good wares and articles of merchandise as theirs, and rare likely to deprive them of the market of this country, they will doubt- 9 less even offer for a time to sell without any profit; in order, by undeseK- ing, to break down American establishments. This is the operation—sel¬ fishness is at the bottom of it; and I tell the gentleman from Alabama^, therefore, tlrat I am not to be influenced by the tables of British merchants— such as is appended to the report of the committee accompanying this: bill—to govern me in my opinion of the oppression we are suffering for:> not buying from them as cheaply as they say they could sell, if only per¬ mitted, or allowed to enter our markets without paying quite so much du'tj — timco Danaos et dona ferentes — a known enemy should never b&i- trusted, and his gratuitous kindness always suspected. These men Ears- interested in having all the workshops and factories, of every descrij»- tion in this country, closed, and all our mechanics and manufacturers- driven from employment. The policy of England has always been op¬ posed to the interests of the United States. It was so when they wes colonies, and it continues to be so yet. Who does not recollect the beast of the infamous Cobbett, that, "previous to the Revolution, we could not' manufacture a single hob nail lor our own use." The same spirit still exists. The course pursued towards us when colonies, was to keep us as subject and as abject as possible, ever jealous of our acquiring real national. independence. And what is her course towards us now, in her regulations of trade? She taxes our wheat, 50 per cent.: flour, 50 per cent. • beef, . 59 per cent.; pitch, 23 per cent. ; rosin, 75 per cent.; spirits of gratB,, - 500 per cent.; rice, 30 per cent. ; butter, 70 per cent.; spirits of molasses,. 1,600 per cent.; tobacco, unmanufactured, 1,000 per cent. ; tobacco, manu ¬ factured, 1,200 per cent. ! And yet she would induce us to pursue the? policy of fostering her manufacturers, artizans, and mechanics, instead ©ff patronising our own. Sir, I don't subscribe to the doctrine; and gentle¬ men must excuse me if I tell them that it is, in my opinion, unpatriotic* and anti-American. But this brings me to what I intended more properly to say under ano¬ ther view 1 propose taking of the act of 1842. It has not only been saitk that that act was onerous and burdensome, but that it is violative of ffee Constitution of the country. This was the argument of the gentlemm, from South Carolina; and I wish the gentleman was in his seat to tell tr.ee.- wherein or in what provision that act violates the Constitution. Perhaps the gentleman from Alabama can inform me, as he used the same argumerit, [Mr. Belser answering, said, it violated the Constitution in the princi¬ ple of protection ] Mr. Stepeiens continued : By the principle of protection, I suppose tt«.- gentleman means the principle of discriminating in favor of the interest, enterprise, and industry of our own people ? [Mr. Belser said, yes: When a duty was laid with an eye to protec¬ tion, that was a violation of the Constitution. That a tariff laid on im¬ ports, with an eve alone to revenue, was constitutional; but when laid di¬ rectly with an eye to protection, it was unconstitutional.] I understand, then, the argument of the gentleman from Alabama, like- that of the gentleman from South Carolina, to be, that Government, vat levying its necessary supplies, must have an eye to nothing but raising the. amount required, without considering on what articles it can be most pjn®- denily raised, or be most easily borne by the people; and if, in laying th«- duties, it has an eye at all to the interest of the people, it is a violation ®f the Constitution ! 10 Sir, this is not my understanding of the Constitution. I always con- ..sfoJered that the Constitution required those to whom legislation is com- eSKitted, to guard, watch over, and protect the rights and interests of the tpesple in the passage of all laws, and especially to look to, and have an Hleye directly," to their interest in the passage of revenue laws. While 1 hoM that not one dollar more should be raised by imposts than is neces¬ sary .to support the Government, ecomically administered ; yet I also be¬ lieve that great prudence and discrimination should be exercised in the ruasirrer of levying the requisite amount. And it is in the proper exercise 'oftlrie discrimination that the interests of the people should be considered, as well as the wants of the Government. This doctrine I also hold to be founded upon the Constitution. And in this opinion I am sustained by elite ablest and best men that, ever lived in this or any other country—men formed and made the Constitution, and who ought to know what it ««eans. The House will indulge me while 1 adduce some of these author¬ ities in support of my proposition. Upon the point just made by the gen- • iteiMan .from Alabama, Mr. Madison said: It re venue be the sole object of a legitimate impost, and the encouragement of do- 'MBssstjc articles be not within the power of regulating trade, it would follow that no 'tmrstipolizing or unequal regulations of foreign uations could be counteracted—that nei- rStut the staple articles of subsistence, nor the essential implements for the public safe- s»f,<03uid. tinder any circumstances, be insured or fostered at home by regulations of ^tawttisierce, the usual and most convenient mode of providing for both."—(See Sup. to Register, vol. 43, p. 33 ) T&e rule laid down by Mr. Jefferson, while Secretary of State, soon after &Hae .organization of the Government, is familiar to all. He said: -." When a nation imposes high duties on our productions," [and, I ask, is not this the •iise with Great Britain now ?] " it may be proper for us to do the same thing by theirs, Acsl St-tirthening or excluding those productions which they bring here in competition sryftpr a portion of our industry and capital to internal manufactures and improven&eratSv--— The extent of this conversion is daily increasing, and little doubt remains that the*as— tablishments formed and forming will, under the auspices of cheaper material and sub¬ sistence, the freedom of labor from taxation with us, and protecting duties and pn&i- bitions, become permanent.'" The same opinion seems to have been generally eniertained in the fee Congress, whew the first Tariff bill was under consideration, for motions wk® made to put prohibitory duties upon several articles, thz constitutionality ss& which, from the debates, seems never to have been questioned at that daty. But I need not multiply these authorities, as I could do, to an alnasssi?: endless extent. Self-preservation, sir, is the first law of nature, andnptpJsKf- to nations no less than individuals. It was to guard and protect the rjgHst3- and interests of the people that the constitution was formed, and in leofcsagf to these objects as well as others, is what I understand consists the gretJt objection to the act of 1842. The main object of that act, as I have said before, was to raise t« veneris to support the Government; but, in levying the requisite amount, the Iso¬ mers of the law looked also to the great interests of our own country,.ass£' arranged the duties so as that the wants of the Treasury might be supp&i#J: and, at the same time, by proper discriminations, fair and adequate pm- tection be afforded to the industry and productive labor of our own eitiaesfflf,- The gentleman from South Carolina, (Mr. Rhf.tt,) said that the objf ts of the Constitution was to establish what he is pleased to term Free Fra>sFrx or, at least, that this was the object of the Convention at Annapolis, fams which originated the Convention that formed the Constitution ; and I was- not a little surprised at the assertion. It shows, however, to what extremal party impulses will sometimes drive men. But no less surprised was 3 a® this great error as to the objects of the Convention that formed the Consti— tution, than I was to hear him characterize the Constitution itself as nothiagr but an "abstraction." The gentleman, in his opening remarks, in vols® s£ us to guard and preserve that instrument. Sir, I trust that such art cation will never be made in vain withirt these walls. I have a deep-sassK abiding reverence for the Constitution—no less than the gentlemen himself ~ but I would inform him that I look upon it as something more real, sab" 12 stanlial, and practical than a bare "abstraction"—an elementary or theoret¬ ical proposition. It is the Constitution that forms our Government—that 3ri«ds together twenty-six separate and independent States-—that secures '-liberty at home and protection abroad—and gives us a character unsurpass¬ ed by any people amongst the nations of the earth ! And is it nothing but an abstraction that does all this? As well might you call the deep foun¬ dations of this Capitol an abstraction—or these stately pillars that support this towering dome—or that all-pervading law of nature by which the ma¬ terial world is held together, nothing but an abstraction. "What, sir; was Magna Charta nothing but an abstraction ? Was the establishment ot the right of Trial by Jury nothing but an abstraction?—the Habeas Corpus Act?—the Declaration of Independence?—the old Articles of Confedera¬ tion ? Were these all abstractions ? And is our Government, and laws, and 'legislation, and liheity itself, nothing but an abstraction ? If so, then Berke¬ ley was right—the world is less than a phantom—and life itself, with all lis hopes and sorrows, aspirations and disappointments, is nothing but a -mental delusion ! But.sir, I do not belong to that school of moralists, phi¬ losophers, or politicians. 1 believe in the real existence of things, and 1 fiold that the Constitution of the United States is, as it was designed to be, -eminently practical in its nature. It is, indeed, "the broad sheet anchor -af our safety"—something firm, strong, and, I trust, enduring. But let us examine the opinion of the gentleman touching the objects of jts formation. So far from its being the object of the Convention at Anna¬ polis to establish the principle of Free Trade, or to open our ports to the free introduction of merchandise from other countries, unless I am much mistaken, it will be found that the main object of that body was to protect t£ke interests of the people of the adjoining States by regulations of com- tfaerce restrictive in their character against similar regulations of other coun- o o ... Cries. I refer again to Mr. Madison, whose authority upon this point must ever be unquestionable. (See Niles's Register, vol. 43, Sup. p. 35.) In :-speaking of the causes that gave rise to the Convention, he says : During the delays and discouragements experienced in the attempt to invest Coil" ■gtess with the necessary powers, the State of Virginia made various trials of what 'CMXibi be done by her individual laws. She ventured on duties and imposts as a source -of revenue. Resolutions were passed, at one time, to encourage and protect her own /ffistvigation and ship-building; and in consequence of complaints and petitions front ■ Norfolk, Alexandria, and other places, against the monopolizing navigation laws of 'Great Britain, particularly in the trade between the United States and the British U'esr Indies, she deliberated with a purpose controlled only by the inefficacy of separate mea- •sares, on the experiment of forcing a reciprocity by prohibitory regulations of her own. i^See Jour. House Del. 1785.) ""The effect of her separate attempts to raise revenue by duties on imports soon ap¬ peared in representations from her merchants that the commerce of the State was ban- >ished by them into other channels, especially of Maryland, where imports were less ■'--bsssfthened than in Virginia.—(See Jour. Hcuse Del. 17S6.) -"Such a tendency of separate regulations was, indeed, too manifest to escape antici- -qrition. Amongst the projects prompted by the want of a Federal authority over com¬ merce, was that of a covenant, first proposed on the part of Maryland, for a uniformity uf regulations between the two States, and Commissioners were appointed for that pur- qasse. It was soon perceived, however, that the concurrence of Pennsylvania was as aacessary to Maryland, as of Maryland to Virginia, and the concurrence of Pennsylvania -Jtrsi accordingly invited ; but Pennsylvania could no more concur without New York, 'ikta Maryland without Pennsylvania, nor New York without the concurrence of Bos- cr®®, &c. These projects were superseded for the moment by that of the Convention at Annapolis in 1786, and forever by the Convention at Philadelphia in 1787, and the ■"Constitution which was the fruit of it." w 13 I have, also, the authority of Mr. Baldwin, a member in the First Con¬ gress from Georgia, and one of the framers of the Constitution, who, in the discussion upon the first Tariff bill, said : " The commercial restrictions Great Britain placed upon our commerce in pursuing her selfish policy, gave rise to an unavailing clamor, and excited the feeble attempt which several of the State Legislatures made to counteract the detestable regulations of a commercial enemy ; but this proving altogether ineffectual to ward off the effects of the blow or revenge their cause, the Convention at Annapolis was formed for the express purpose of counteracting them on general principles. This Convention found the completion of the business impossible to be effected in their hands. It terminated, as is well known, in calling the Convention that formed the present Constitution, which has perfected a happy revolution in politics and commerce. "The general expectation of the country is, that there shall be a discrimination, that those nations who have not yet explained the terms on which an intercourse shall be carried on, or who have, by establishing regulations bearing hard upon such intercourse, may know our ability and disposition to withhold or bestow advantages, according as we find a principle of reciprocity prevail. Thinking a discrimination necessary, and knowing the voice of the people calls for it, we shall not answer the end for wh.ch we ncame here by neglecting or refusing to make it." From which it clearly appears what was the object of the Convention at Annapolis, and what was one of the main objects of the Convention that formed the Constitution. But will gentlemen say that they prefer to take the Constitution as it is, and to judge of its powers as well as its objects for themselves, without consulting or relying upon the opinions of others?— Well, sir, we say the same, too. We are willing to take the Constitution: as it is; and we say that its character, objects, and powers are clear upon its face. But gentlemen say it contains no such powers, and discloses no such objects, as we say are quite apparent and explicit. A disagreement, therefore, necessarily arises as to its true meaning and intendment, and we refer to these authorities only for the purpose of fortifying ourselves in our position, and to show most clearly and unquestionably that our understand¬ ing and construction ol it is right, or, at least, that we agree in understand¬ ing and construction with those who made it. It is for this reason we ap¬ peal to this weight of authority to sustain a construction which, in the lan¬ guage of General Jackson, "has been confirmed as well by the opinions of President Washington, Jefferson, Madison, and Monroe, as by the uniform practice of Congress, and the general understanding of the people," until a period comparatively recent in our history. Why, sir, what would you think of a man who should rise up and propose to teach the true doctrines of the Christian religion, and commence by denying the authority of the Great Author himself, and declaring that his chosen apostles knew nothing of iis character or design? Would not such an one be turned out of your pulpits, and be refused an entrance into your sanctuaries, and pronounced, as he justly should be, an imposter and a blasphemer? And what shall we think of the politician who at this day rises up and professes to teach the true principles of our Government, and to give a true construction and exposition of the Constitution, and commences by disa¬ greeing with its authors and repudiating their authority, and even charging them with a violation of its most sacred provisions. I know not to what school of politics such men may properly be said to belong, but one thing is certain they do not belong to that school or part^to which the founders of the Government were attached. Upon the subject of commercial intercourse, Mr. Chairman, I have said the doctrine of self defence and self preservation applies, and it is true. This is the first, the great, universal, and all-controlling law of nature. In, 14 individuals it is founded upon instincts and rides over all restraints—in- communities and nations its impulses are equally strong', and its sanctions 110 less obligatory—and in our regulations of trade with foreign countries it is not only constitutional, but wise, patriotic, and right for us to look to our own interests. And in no belter way can this be done than in a proper and judicious discrimination in the levying of the necessary revenue for the support of the Government—by arranging the duties so as to countervail as far as possible the injurious policy of other countries, and placing them also upon such articles as our own people, mechanics, artizans, craftsmen, and manufacturers can make, in preference to those which they cannot; and laying such necessaries of life as cannot be raised or produced in this country, either entirely free or with the smallestjduty. By this policy a* triple purpose is answered. In the first place, means are provided for the support of'the Government, which must be supplied in some way or other. Secondly. Encouragement is given to the industry of our own people in all its branches, by stimulating them to make at home rather than to buy abroad. And thirdly. By this arrangement (lie burthens of Government as far as the duty is paid by the consumer falls where it ought to, on those who prefer to patronize the labor, skill, industry and products of other countries rather than those of their own. It is the interest of every man to make as much as possible for sale, and to buy as little as possible from others. This is the secret of prosperity and the road to wealth. The same is also true of States and nations. He that buys a great deal and sells but little is sure to break, and any nation that pursues a similar policy is sure to meet with a similar fate. It is the duty of a wise Government, therefore, by all proper regulations, to foster and cherish the enterprize and industry of its own people, by inducing and stimulating them to make and produce their own supplies within them¬ selves, as far as practicable, rather than to be dependent for them upon others. Why, sir, what caused the great embarrassment and distress in our country in 1840-'4l-'42, and the years immediately preceding? Various opinions have been given as to iis origin, and doubtless it was owing to more causes than one. But one, and probably not the least of fhose that contributed to it, was our foreign indebtedness. The home com¬ petition in the production of our necessary supplies had been measuteably broken down. The foreign importers had the market to themselves. They sold to us at exorbitant profits. We bought more than we had commodi¬ ties to pay for in exchange. A debt was incurred, »r the balance of trade was against us. To ^neet this, exports of specie were necessary. This curtailed and contracted our currency, already deranged and depreciated from other causes. And the result was the most gloomy period of pecu¬ niary distress, embarrassment, ruin, and bankiuptcy that has ever occurred in time of peace in the history of our country. That was indeed a "crisis," and occurred when the duties were lowest. And what is the state of things now? As a nation, as well as individually, we make more and buy less. Industry in all its branches is encouraged—labor is rewarded. The balance of trade is in our favor. Upwards of twenty millions of specie were imported the last year to pay for the surplus we sent abroad. This specie sustains the basis of an increasing circulation, and we behold the approaching return of "better times" throughout the country. Nor, sir, is this principle of encouraging our own labor and industry, of which I speak, intended for any " pet interests" or any " particular sec- 15 tion." It is intended for the whole country and all its parts, and is as appli¬ cable to one section as another. It is as broad and general and generous as the atmosphere that encircles our common union. If such " great pro¬ fits" are to be derived from the "system" as some suppose, there is nothing that secures th»se profits to one section more than to another, or to any one man or set of men more than another, of equal number, skill, industry, •enterprise and energy. It opens a field for business in which all who choose may enter, the more the better. And the only bounties it bestows are invitations to industrial application and productive employment. There is no State in the Union, and hardly any section of the world of equal ex¬ tent that abounds with more resources of wealth than that from which I come, and there is none perhaps more completely paralyzed by its depen¬ dence upon others for necessary supplies. Instead of growing their own grain and raising their own stock, and making more at home and buying less abroad, for years past the whole energies of her people have been di- lected to the culture of one staple, which has hardly yielded the cost of pro¬ duction, while they have been to a great extent dependent upon others, not only for the provisions and bread stuffs consumed, but even for the most common and ordinary comforts of life. Such policy is ruinous in its tendency, whether pursued at the South or North, East or West. Atten¬ tion should be turned more to the production of supplies at home. The cli¬ mate and soil of that State are suited to the growth of almost all the great staples of the country, Cotton, rice, tobacco, wheat, and sugar, can all be profitably produced within her borders. And her facilities for manufac¬ turing, as to climate, health, water-power, &c., are unsurpassed by any other State; while her mineral treasures are inexhaustable. All she wants for a development of these resources is a division of labor and capital and a stimulus to enterprize. But Mr. Chairman, I have not time to say more upon this subject. I think I have shown that the act of 1S42, as a revenue measure, will not do more than yield enough to support the Government and pay its debt, and that the general principle of discrimination upon which it is founded is nei¬ ther unconstitutional, injurious, or oppressive. I might ask the indulgence of the committee while I examine the de¬ tails and the provisions of the present bill, and show its glaring incon¬ sistences with the principles professed by those who advocate its adoption. I wish I had the time to do so, for I think I should be able to show that, how¬ ever "odious" the act of 1842 maybe considered by some, that the one now proposed is " more odious" still, and that however proper some modi¬ fications in the existing law might be, yet that the proposed bill does not offer to make them—but that it is a bundle of incongruities and contradic¬ tions founded neither upon the principles offree trade, or a proper discrimi¬ nation, but a sort of sui generis, a something, which, upon the whole, as a gentleman said of the report, might be worshipped without idolatry, as its like is not to be found "in the Heaven above, or in the earth below, or in the wa¬ ters under the earth." But I have not time for this examination. I wish to notice as briefly as possible (for I see the time to which I am limited has nearly expired) some other matters which have been brought into this de¬ bate, and particularly the expenditures of the Government. Amongst, other grave accusations laid to the charge of the Whig Congress is the violation of promises. It has been said that they were pledged to reform the Go¬ vernment and reduce the expenditures, and instead of doing this they have 16 increased them. And that even after all the clamor that was raised against the extravagance of the Presidential Mansion during Mr. "Van Buren's term of office, an appropriation of six thousand dollars was made at the com¬ mencement of the Whig administration to re-furnish that house. This was in effect the assertion of the gentleman from Ohio, (Mr. Duncan,) tlie other day in his tirade against the measures of the Whigs—and he even went so far as to assert that the aggregate amount of the expenditures of Mr. Van Buren's administration, ordinary and extraordinary, was but $110,997,471, and the ordinary expenditures of the tico first years of this reform and retrenchment administration have been but $10,316,189 less than the entire four years of Mr. Van Buren's administration. Now, sir, I wish the gentleman would inform me upon what authority he -makes this statement? He said he was "responsible" for what he said, and I suppose he meant by that, that he was ready to respond to and answer any questions in relation to it. I wholly deny, sir, that the Whig Congress made the appropriation of six thousand dollars for re-furnishing the Presi¬ dent's House, and if they did 1 want to see the act. I defy its preduction, I have before me all the acts passed during the two years of that adminis¬ tration, and none such is to be found amongst them. It was the out going Van Buren Congress that made the appropriation before the 4th of March 1841, and from what motive I leave the country to judge—for there was no necessity for it, and, as I have been informed, it has never been used. « But as to the aggregate of the expenditures of the four years of Mr. Van Buren's administration. The gentleman says he relies upon Executive Doc. No. 31 of the Whig.Congress. Well, sir, that does not purport to give the aggregate of the "extraordinary" as well as ordinary expenses for the time stated. It does not contain the amounts paid on account of the trust funds, and in redemption of the treasury notes which were issued during that administration, and the amounts paid on account of which two items swelled in one year (1839.) to upwards of $12,000,000; nor does it purport to include those amounts. I cite the gentleman and the House to Doc. No. 244, page 52 of the 27th Congress, which I hold in my hand, and which is a continuation of the same subject embraced in Doc. 31, to which he alludes. (See appendix D.) The gentleman relies for his aggregate upon the first column when he should have looked into the fourth, when he would have found the " aggregate expenditures as per public accounts to be" as follows— Instead of $110,997,471, and averaging $35,665,486 36 per annum. And now, sir, how does the statement stand as to the expenditures of the Whigs. The gentleman from Ohio, said he referred to House Doc. No. 62, " prepared by a whig officer of the House," " and that it was ail covered with figures, and every figure counted tens, hundreds, thousands, tens of thousands, hundred of thousands, millions, and tens of millions, such as no man could number," and that the total aggregate for the two For 1837 $37,365,037 15 39,455,438 35 37,614,936 15 28,226.533 SI 1838 1839 1840 Amounting in all to $142,661,945 46 17 years of their administration including the expenses of three sessions, was the enormous amount of .... $58,719,867 00 Well, of this amount $3,2S9,534 89, was made for arrearages existing prior to the 4th March, 1841, as appears in House Doc. 185 of last Congress, which deducted from - 58,719,867 00 3,289,534 89 Leaves ------ $55,430,332 11 And it is well known that the fiscal year was changed during the last Congress, making the year to commence on the 1st of July, instead of the 1st of January, for greater convenience in keeping the public accounts, and that the appropriations by the Whig Congress extended to the close of the fiscal year ending the 30th June, 1844, being made for two years and a half, as all know who are acquainted with the facts, and as is expressly stated in the document to which I last referred. Then, sir, how will the extravagance of these appropriations compare on an average per annum with the expenditures during the adminisiralion of Mr. Van Buren. The average amount per annum of $55,430,332 11, for two years and a half, is $22,- 172,132 84. The average per annum of Mr. Van Buren's term, " ordinary and extra¬ ordinary" we have seen, was - - - $35,665,486 36 The average per annum of the appropriations made by the Whig administration - - - 22,172,132 84 Being a retrenchment per annum of $13,493,353 52 No inconsiderable amount, I should suppose; and if this immense saving be a violation of their promises for " retrenchment and reform," then they were guilty of the charge. But some gentlemen have said that according to the report of the Secretary of the Treasury, the expenditures for 1841 were $31,797,530 03, and those for 1S42 were $32,936,876 53. That is all true, but these expenditures were not predicated upon appropriations made by the Whig Congress. That report sh-ws the whole amount paid from the Treasury during those years, a large portion of which was to redeem treasury notes issued before; and to meet outstanding appropriations made be¬ fore the 4th of March, 1841. For instance, by the same report it will be seen that, in 1S$1, $5,600,689 74 were paid out on account of the public debt, redemption of treasury notes, &c ; for the creation of which the Whig administration was by no means responsible, besides what was paid out the same year to meet appropriations made before 4th March, 1841. And in the year 1842, from the same report, it will be seen that the sum of $8,575,539 94 were paid in the same way. The "Whigs of course should only be held respoiisible for their own appropriations, and I take them as stated by the gentleman from Ohio himself. When the Whigs came into power on the 4th March, 1841, they found the liabilities against the Trea¬ sury to be (See appendix E.) - - - $35,527,325 20 And nothing to meet them but - 862,055 81 Leaving a clear balance of ... $34,665,269 39 Of course this had to be paid, as well as the necessary expenses to carry on the Government while in their own hands, and the means had to be pro¬ vided to do it. The net revenue received from imposts during the year 18 &841, was not much over half enough to meet the annually accruing wants without looking to past liabilities. The means had to be borrowed until the revenue could be increased by additional duties, and these large amounts paid out of the Treasury in the years 1S41 and 1842 and 1843, have been paid out of the means supplied by the Whigs, and to a considerable extent in discharge of pre-existing liabilities. The extravagance of an administra¬ tion is to be judged by its own appropriations, and not the amounts that may be paid out of the Treasury during its term to meet the appropriations of others. But the gentleman from Ohio not only charged the Whig Con¬ gress with a violation of their pledges, so far as the reduction of expenditures was concerned, but said the Whigs as a party had no principles, at least for the " public eye that their object is to mislead and t« deceive the people by processions, songs, banners, and all sons of flummery. Now, sir, to pro¬ fess no principles is quite as honest I take it, and quite as little likely to " deceive," as to profess different and contradictory principles at different times and different places. And I would ask the gentleman what are the principles of his own party? "Democracy" seems to be a very different thing in different parts of the country. In his speech, to which I refer, he gave us the " cut of a coon," in which were exhibited what he termed Whig piinciples, amongst which were "a National Bank," the " Assumption ef State debts," and a "High Protective Tariff."' Here, sir, is his cut, and I suppose this was intended for a Southern section. For in a copy of the same speech published for the latitude of Pennsylvania, which I have before me, I see the same " cut," except that "High Protective Tariff" is left out, and " Ant i masonry" inserted. Here it is sir. It seems that "Democracy" is •quite a different thing in different places. A high protective tariff is rather too Democratic itself to be denounced as a Whig principle in Pennsylvania. Not so, sir, with the Whigs. Their principles are the same everywhere, and the same they have been from the beginning of the Government, and it is not true that they are " concealed.''' They are proclaimed by their every press, and are seen floating on their banners, triumphing in victory, from Maine to Louisiana. We are in favor of a sound National Currency of uniform value through¬ out the country. Yea, as the gentleman said, as was proclaimed on one of their banners in 1840, "the currency of Washington." We are in favor of a Tariff for Revenue, with discrimination, giving fair and adequate protection to American industry. We are in favor of a distribution of the proceeds of the sales of the Public Lands amongst the several States, to which they rightfully belong. And we are in favor of a modification of the Executive Veto, so that the will of the nation may not be controlled by the will of one man. These are our principles, and whether the gentleman understands them -or not, it seems that the people understand them—for they are triumphant in all quarters. What means this late tumult and confusion in your camp, Mr. Chairman? What has produced such alarm and such a panie in your ranks? It is the voice of the people speaking at the polls. Virginia, the last hope of your party, has just been heard from, and the " Old Dominion" has proclaimed herself to be Whig. These signs are as significant, as the " hand writing upon the wall." Nor was the consternation produced at the feast of Bellshazzar much greater. Your leaders are dismayed—your rank and file are put to flight—and even the venerable editor of the Enquirer, who was never known to surrender before, and who was pledged to "sink or swim" 19 with Mr. Van Buren, has at last struck his flag in acknowledgment of defeat. The gentleman from that Stale who usually sils just before me, (Gen. Drom- goole,) is the only one who seems to be firm and imperturbed, amidst the excitement of others, and the general discomfiture which seem to be so uni¬ versally felt by his associates. My friend from Westmoreland, (Mr. Newton,) was right after all in hislet- ter, which has been the occasion of his getting so many " rubs" on this floor. There is nothing like meeting questions and issues openly and boldly. This is what ihe people are ready for, and what they want. They look at all subjects practically, and have little disposition lo shape their principles to- suit the whim of abstractionists. This was the course he recommended. A more time-serving policy, as it was thought by him, was adopted in that State in 1S40. Defeat, then, was the result. But now, after his counsel was taken, when there was no evasion of any of the great issues, but all were openly and fairly met, the cause has been triumphant. Who can say that the people of Virginia were " deceived.'''1 at the late election, or that they did not understand the issues? Or that the people of Tennessee, and Georgia, and Maryland, and Connecticut, in their late elec¬ tions, did not understand the issues before them—or that they were "de¬ ceived" when they went to the polls? Gentlemen need not lay that "flat¬ tering unction to their souls." The people of this country are not such dupes, as they are sometimes represented to be. They understand these questions perfectly well. They understood them in 1840, and they under¬ stand them now. And they also understand the " humbuggery" of this bill equally well. They see it is the last effort to sustain a desperate and a sinking cause, and they are ready and eager to pronounce the same condem¬ nation upon it that they have already done upon all its kindred measures. 20 APPENDIX.—A. Statement of the Debt of the United States, December 1, 1843. 1. Of the (old) funded debt, being unclaimed principal and interest returned from the late loan offices - - - $208,009 34 2. Outstanding certificates and interest to December 31, 1T98, of the (old) unfunded debt, payable on presenta¬ tion - - 24,214 29 3. Treasury notes issued during the late war, payable on presentation -------- 4,317 44 4. Certificates of the Mississippi stock, payable on presenta¬ tion - 4,320 09 5. Debts of the corporate cities of the District of Columbia, assumed by the United States, viz : Of the city of Washington Alexandria Georgetown 6. Loans, viz : Under the act of Jlily 21, 1.841, re¬ deemable January 1, 1845 - Under the act of April 15, 1842, re¬ deemable January 1, 1863 - Under the act of March 3, 1843, re¬ deemable July 1, 1S53 7. Outstanding Treasury notes : Of the several issues prior to August 31. 1843 - - - - ' - *3,917,725 92 Of notes issued and paid out under act of March 3, 1S43 - - - 247,500 00 4,165,225 92 $26,743,049 99 *Thh sum includes §98,300 in the hands of accounting officers. Treasury Department, Register's Office, December 1, 1843. T. L. SMITH, Register. $900,000 00 210,000 00 210,000 00 5,672,976 8S 8,343,886 03 7,000,000 00 1,320,000 00 "27th Congress, 3d Sess. [Doc. No. 185.] Ho. of Reps. Statement of the amount of means used to defray the expenses of the Government, over and above the ordinary revenues of the Government from customs and the public lands, for the four years preceding the 4tli day of March, 1841. From 4th March, 1837, to 3d March, 1838. Sources of Revenue. Amount. New internal revenue - - $5,485 31 New direct tax - - - 1,687 70 Patent fund - 29,901 08 Cents coined at the mint - - 8,530 00 Fines, penalties, and forfeitures - 243 56 Sale of lot and buildings formerly occupied by the mint of the U. S. 2,120 00 Sale of a house and lot at Newbury- port .... 1,916 48 Sale of a shed formerly occupied in 21 Appendix A.—Continued. making standards of weightB and measures - Interest on public deposites First instalment of principal and in¬ terest, due in September, 1837, from the Bank of the U. States - Debts due by banks ts the U. S. - Treasury notes issued under the act of 12th October, 1837 Repayments, considered as receipts 96 73 200,G29 67 1,364,965 41 7,294 04 6,691,314 06 13,677 81 $3,317,861 90 From Mi March, 1833, to 3d March, 1839. New internal revenue Surplus of annual emoluments of officers of the customs Patent fund - Cents coined at the mint Fines, penalties, and forfeitures Persons unknown, stated to be due to the United States Sources unknown ... Moneys refunded which had been fraudulently obtained from the Treasury underact of 15th May, 1828, for revolutionary claims «• Moneys refunded which had been fraudulently obtained from the Treasury by representatives of James Claverus, deceased, on ac¬ count of half pay as an officer - Overpayment in entering lands at Demopolis, Alabama Documents sold - Moneys deposited with Baring, Bro¬ thers, & Company, London Interest on public deposites Dividends on stock in Louisville and Portland Canal Company - Second instalment of principal and interest, due in September, 1838, from the Bank of the 11. States Third instalment of principal and interest, due in September, 1839, from the Bank of the U. States - Debts due by banks to the U. States Treasury notes issued under acts of 12th October, 1837, and 21st May, 1838 - Repayments, considered as receipts $2,467 27 2,305 73 40,490 45 10,551 37 1,366 14 31 00 13 06 306 19 244 66 53 37 18 00 28 67 128,816 35 $55,138 00 2,237,230 84 2,254,871 38 108,752 46 9,028,495 95 16,230 55 13,937,411 46 From ith March, 1839, to 3d March, 1840. New internal revenue New direct tax - Surplus emoluments of officers of the customs Patent fund - Fines, penalties, and forfeitures Persons unknown, stated to be due to the United Slates Moneys refunded, which had been fraudulently obtained from the Treasury under the act of 15th May, 1828, for revolutionary claims Moneys refunded which had been fraudulently obtained from the Treasury under act of 7th June, 1,553 32 755 22 2,968 92 39,061 95 2,976 18 140 00 127 79 1832, for revolutionary pensions 422 85 Moneys received for coins recovered from the ruins of the Treasury building .... 593 70 Moneys received under act of 23d January, 1815, providing for the indemnification of certain claim¬ ants of public lands in Miss. Ter. 546 40 Moneys received under a judgment ibr 120 bags of coffee confiscated 1,827 30 Dividends on stock in Louisville and Portland Canal Company - 40,628 00 Interest on public deposites - 14,765 39 Interest on bonds due from certain banks .... 10,790 09 Debts due by banks to the U. States 37,283 03 Moneys heretofore paid into the Treasury to the credit of the late Treasurer, in sundry banks, and remaining uncovered by warrant, in consequence of the parties en¬ titled to credit being unknown - Treasury notes issued under the act of 2d March, 1839 Repayments, considered as receipts 81,479 46 3,857,276 21 8,977 18 4,103,172 99 From ith March, 1840, to 3d March, 1841. New internal revenue Surplus emoluments of officers of the customs - Patent fund - Fines, penalties, and forfeitures Persons unknown, stated to be due to the United States Moneys refunded which had been fraudulently obtained under act ot 7tli June, 1832, for revolution¬ ary pensions - Moneys received from foreign coins originally purchased with the funds of the customs Moneys overpaid for examining land offices - Moneys received for vacant land in the county of Washington, D. C. Proceeds of sale of lions presented by the Emperor of Morocco to the President of the LInited States - Proceeds of sale of horses, under resolution of Congress Interest on debts due from banks to the United States - - - Interest on bonds due from banks to the United States - - - Debts due from banks to the U. S. Moneys received for deposites made in sundry banks, not heretofore covered by warrant on the late Treasurer of the United States, (John Campbell) - Fourth instalment of principal and interest, due in Septembei, 1810, from the Bank of the U. States - Treasury notes issued under the act of March 31, 1840 Repayments, considered as receipts 2,049 41 5,073 09 38,405 39 5,316 76 102 00 100 00 50 96 1 20 142 60 291 47 993 28 50,032 23 24,084 39 7,070 78 84,521 63 1,774,513 80 7,374,339 91 64,850 31 9,431,939 21 22 Appendix C. .3 list of prices at Jhtgusta, Geoi-gia, on some, of the most important articles of consumption, before anot after the passage of the Tariff act of 1842, compiled from the prices in the month, of September, in each year. Articles. 1840. 1841. 1842. 1343. Cents. Cents. Cents. Cents. Iron, Swedes and Russia, per lb 6 6 5 to 5i 5 Nails, cut, 4d. to 40d., per lb 7 to 8 7 to 8 5i to 7 4} to 6| Salt, Liverpool, ground, per bush 02) 50 to 02i 55 to 60 45 to 50 Sugar, St. Croix, per lb 10 to 12i 10 to 12i 8 to 11 8 to 11 Porlo Rico, " 8 to 11 8 to 11 7 to 9 7 to 10 N. Orleans " 7 to 10 8 to 10 6 to 9 7 to 9 Loaf & lump " 14 to 20 14 to 20 14 to 20 13 to 15 Molasses, VV. I., per gal 30 to 40 28 to 32 23 to 28 25 to 30 Cotton Bagging, (hemp,) per yd 20 to 28 20 to 28 10 to 22 16 to 20 Twine, English, per lb 30 tp 37 30 to 37 25 to 33 25 to 33 Com. J brown Shirting, per yd 7 5i 5 Bed Ticking, per vd 20 19 18 16 Prints, Calicoes, &e , per yd 8 to 28 8 to 28 6 to 23 5 to 20 Cotton Drills, per yd 13i 101 1.-2 11 9 Osnaburgs, per yd 12) 10 9 8 Satinets, pervd 60 to 100 50 to 100 35 to 90 30 to 90 particular quality, per yd 90 95 90 87i Kentucky Jeans, per yard 50 to 100 40 to 85 23 to 75 25 to 75. .3 list of the prices of twenty-three different articles of Iron at New York, with the fall per4 cent, from the year 1840 to the year 1844 ; by u-hicli it will be seen that there has been a fall of prices, notwith¬ standing the increase of duty. Jan. July Jan July Jan. July Jan. July JanJfall 184U 1840 1841 1841 1842 1842 1843 1843 1844 p c- Iron Anvils, per lb 9.i 9; 9) 8? 8.) 8) 8.) 8) 8) 10 Bars, common English rolled, per ton... .... $76i 66; 71) 63; 52) 51) 53? 53) 53? 25 Bars, refined English rolled, per ton 93' 881 87.1 81? 76; 67) 67) 67.) 67J) 28 Bars, American refined, per ton 90 87) 85 80 77) 62) 65 67) 67) 25 Bars, Swedes hammered, per ton .... 91) 811 86' 81) 81? 77) 77.) 72) 72) 20 Blooms, American, per ton 60 55 52) 50 50 44 47) 47) 52) 11 Hoops, from \ to 3 inches wide, per ton. ... . 141) 130 113 113 113 100,' 10S) 102) 105 25 Nails, wrought, per lb. ID. ID. 111 lli 10) 9 9 9 9 17 Nails, cut, per lb. 51 5i 5) 5) 5) 3? 3? 4 4' 19 Nail rods, slit, per ton Si '5 111) 111; 108; 106) 95 95 95 95 17 Pigs, per ton 35) 33 321 31? 31 24 25 26 27) 22 Brazier's rods of 3 16 to 8-16 of an inch, pert.. 131 121 107 107 107 82) 82) 87) 87) 33 Sheets, average thickness, per lb .ds. 5i 5? 5) 5? 5 4) 5 4) 4? 13 Scythes, per dozen $13 13 12) 19) 12) 9 9 9 9 30 Shovels, per dozen 10 10 9) 9 9 7) 7) 7) 7) 27 Rolled for bands, from = x i to 4 x j per ton.. 122 113) 99) 99) 99) 77) 77) 82) 82) 32 Spikes, per lb 8 6 i 6) 6) 6 6 6 6 25 Tacks, 2| to 16 oz. to the M .... 7) 7i 7) 7) 7) 5 4) 4) 41 Tacks, exceeding IGoz. to the M 15 15 15 15 15 12 10 10 10 33 Brads, from i to 2 inches, per M 13 13 13 13 13 8 7 7 7 46 Wire, not exceeding No. 14, perib 8 7? 73 7? 7? 6i 6) 6) 17 Wire, exceeding No. 14, per lb 181 IB) IB) 18) 17? 12) 12 12 12 36 Axes, heavy $18 18 17? 17 15? 15 13) 13 13 27 Coffee-mills, per dozen — 545 — 525 — 450 ~ 450 23 Appendix C.—Continued. Prices of sundry articles of Glassware, at Boston and New York, at the periods mentioned below. Articles. Prices, Dec. '41. Prices, Aug. '42. Prices, Oct. '42. Prices, Dec. '42 Prices, Aug.,'43. Prices, Dec. '43. Pint 8 flute tumblers, per doz $2 25 2 00 2 00 2 00 1 80 1 58 Gill 6 do. do. do. 1 12 1 00 1 00 1 00 75 58 Pillar 1 pint do. do 1 25 1 25 1 12 1 12 90 81 Taper bar do. do 1 35 1 35 1 12 1 12 1 00 95 9 flute do. do 1 35 1 35 1 35 1 35 1 12 1 00 Pillar gill do. do. ...... 80 68 63 68 51 50 j pint 8 flute do. do 1 20 1 12 1 12 1 00 90 68 j pint 6 flute do. do 2 00 1 80 1 80 1 80 1 68 1 35 1 pint 8 flute do. do 2 00 1 80 1 80 1 80 1 70 1 40 Tulip salt do o 25 2 00 2 00 2 uo 1 80 1 35 Square salt do 90 90 90 90 90 63 7 inch dish do 2 25 2 00 2 00 2 00 1 80 1 68 Gothic salt do 1 68 68 58 58 58 45 6 flute salt do 1 00 1 00 90 90 68 53 Dish salt do 52 52 50 50 45 38 Lamp do 1 80 1 80 1 80 1 80 1 70 1 35 4 oz. tumbler do. 40 40 40 38 36 36 6 oz. tumbler do 60 60 58 58 52 52 8 oz. flint tumbler do 1 20 1 12 1 12 90 90 81 Night lamp do 1 58 1 50 1 35 1 35 1 20 1 12 Peg lamp do 1 00 1 00 90 90 80 72 Square sugar do 6 75 6 75 C 00 6 00 4 50 3 60 The average reduction in the price of the above articles, from December, 1841, to Decem¬ ber, 1843, is 28 per cent. Glass is an article which is subjected to a very high duty, and yet the prices have declined under that duty. Is the duty here paid by the consumer? Prices of Cotton Goods and Leather at Boston, before and after the passage of the late Tariff. Articles. Aug. 1841. Jan. 1842. Aug. 1842. Oct. 1842. Jan. 1843. Aug. 1843. Jan. 1844. Fall per cent. cts. cts. cts. cts. cts. cts. cts. Shirtings, 27 inch, per yard 5 i 5J 5! 51 8 Shirting, 30 inch, per yard 65 64 6| 5 i 53 61 3 Sheeting, 37 inch, per yard ii 71 7J Tls 65 73 4 Sheeting, 40 inch, per yard 9j 9 8 8 8 65 9° 9 Sheetings, 36 to 38 inch, per yard.... 7! 6J 65 63 6J 6 Drillings, 30 inch, per yard 9? 8| sl 7i 7i 7i 8 J 13 Jeans, 30 inch, per yard 14 12 101 10i 10i 93 91 32 Leather, Philadelphia city, per lb.... 31 31 27 27 25i 25 2 24 22 Baltimore, per lb 29| 291 27 27 26" 25 j 23i 20 New York, red, per lb 23 23 18| m 18 18 17 26 Boston, red, per lb 23 23 19i 19i 19 19 18 20 Eastern dry hides, per lb.... 21 21 17 j i n 16 17 16 23 Average per cent. ~ ~ — - 15i There are no articles of manufacture which go more into the consumption of the poor and laboring classes than cotton goods and leather; and it will be seen that the increased duty im¬ posed upon these articles have not increased the price. On the contrary, the prices have de- -clined, and that, too, when the price of labor has increased. 24 Appendix O.—Continued. Comparative prices of colored Cotton Domestic Goods in the New York market for a series of years. Year. 4-4 Checks. Striped and plaid Ging¬ hams. Printed Ca¬ licoes. Year. 4-4 Checks. Striped and plaid Ging¬ hams. Printed Ca¬ licoes. Apr. 1818 32 cents 26 cents Apr. 1832 11 cents 9 cents 12 cents 1819 30 25 1833 11 8 11 1820 24 16 1834 11 n 101 1821 22 17 1835 11 9 101 1822 20 17 1836 11 10 10t 1823 20 16 j 1837 11 10 l()i 1824 15 12 1838 9 8 10 1825 18 15! 1839 9 8 10 1826 14 14 20 cents 1840 8 7 10 1827 14 12 17 1841 8 7 10 1828 14 U 16 1842 8 7 10 1829 14 1(1 14 1843' 7 7 8 1830 12 9 13 1844 8 8 9 1831 12 11 12i Prices of Molasses at Boston and .Ye w York, from 1795 to 1843, inclusive. Year. Price. Duly. Years. Price. Duty. Years. Price. 1 Duty. Years. Price. Duty. per gal per gal. 1820 per gal. 1 per gal 1795 60 c. 3 c. 1808 50 c. 4 c. 34 c. 5 c. 1832 27 c. 10 c. 1796 62 3 1809 52 4 1821 28 5 , 1833 32 5 1797 68 4 1810 48 4 1822 32 5 1834 31 4.4 1798 56 4 1811 54 4 1823 28 5 1 1835 38 4.4 1799 50 4 1812 52 4 1824 27 5 1836 38 4 1800 48 4 1813 75 8 1825 28 5 1 1837 35 4 1801 56 4 1814 85 8 1826 28 5 1838 37 3.6 1802 36 4 1815 75 8 1827 33 5 1839 34 3.6 1803 42 4 1816 57 5 1828 30 5 1840 2G 3 1804 51 4 1817 53 5 1829 30 10 1841 25 3 1805 40 4 1818 54 5 1830 25 10 1842 18 3 1806 38 4 1819 50 5 1831 27 10 1843 23 4 1807 41 4 Let any person examine the prices of this article, in connexion with the rate of duty, and he will be unable to perceive that the duties have had any effect upon the price. In 1813, 1814, and 1815, the prices were unusually high, and during those years the duty was about tHe aver¬ age rate. But the rise of prices was not produced by the increased duty, but by the effect of the war, which prevented importations. It will also be seen that the Tariff of 1828 increased the duty front five cents to ten, and still the prices declined under that increased duty. Appendix B. Comparative rates of duties on some of the most important articles, under the acts of 1816, 1824, 1828, 1832, and 1842. Names of Articles. Iron, in bars, made wholly or in part by roll¬ ing per ton Iron, in bars, not manufactured, &c. .per ton in pigs per ton in sheets ] for hoops cables or chains .,. Duties by the several acts. 1816. 1824. 1828. 1832. 1842. $30 00 $30 00 $37 00 $30 00 $25 00 9 00 18 00 22 40 18 00 17 00 - 10 00 12 50 10 00 9 00 2 50 per cwt. 3 c. p. lb. 31c. p.lb 3 c. p. lb. 2^e. p.lb do. do. do. do. do. 20 per c. 3 c. p. lb. 3 c.p. lb 3 c. p.lb. 2tc. p.lb 25 B—-Continued. Names of Articles. Nails, cut per lb. wrought per lb. Salt . per bush. Cotton bagging (hemp) Sugar,brown. per lb. white clayed per lb. loaf per lb. lump and other refined per lb. candy per lb. Molasses per gal. Broadcloths, and other manufactures of wool not otherwise specified Blankets, 58 by 38 inches all other kinds. Flannels, backings, and baizes Carpeting, Brussels, &c Venetian Hearth rugs Manufactures of cotton Flax, unmanufactured Hemp, and manufactures of, not specified... Oilcloths, &c Sadlery, of all descriptions. Oil, olive per gal. castor ••••••••.per gal. linseed and rapeseed per gal. of vitriol ....per gal. Red and white lead per lb. Sugar of lead Saltpetre, refined per lb. Cheese .per lb- Chocolate per lb. Tallow candles per lb. Butter Bacon Beef and pork. Wheat flour Wheat Oats and potatoes ••• Window glass, not over 8x10, per 109 sq. ft. over 8 x 10 and notover 10 x 12 over 10 x 12, per 100 sq. feet Glass bottles, to one quart .per gross over one quart......per gross Fish, dried or smoked ...per quintal salmon per bbl. mackarel and herring per bbl. Shoes and slippers, silk per pair leather .per pair prunella per pair Boots and bootees per pair Paper, folio and quarto post Foolscap, &.c Vinegar Cigars per 1000 SnufiF...•••• .per lb. Coffee ■•••..•••••••••••.••••.•••• .per lb. Teas, imported from China—Imperial, Gun¬ powder, and Gomee..............per lb. 3 p. p. lb. do. 20 c. 20 per c. 3 c. 4 c. 12 c. 10 c. 12 c. 5 c. 15 | Duties by the several acts. 1816. 1824. 1828. 1832. 1842. per c do. per c, _ per c 25 per c 25 per c. 25 per c, 15 per c, 20 per c. 15 per c, 20 per c. 25 c. 15 c. 15 c. 7's c. 3 c. 15 per c 7J c. 9 c. 3 c. 3 c. 15 per c, 15 per c 15 per c 15 per c, 15 per c. 15 per c, $2 50 2 75 2 75 1 44 20 per c, $1 00 2 1 00 50 30 c. 25 c. 25 c. $1 50 30 per c 30 per c. 15 per c #2 50 12 c. 5 c. 50 c. 5 c. p lb. do. 20 c. 3;C. sq.y. 3 c. 4 c. 12 c. 10 c. 12 c. 5 c. 25 per c. do. 25 per c. 50 per c. 25 per c. 33 j per c. 25 per c. 15 per c. 25 per c. 30 per c. 25 per c. 25 c. 40 c. 25 c. 3 c. 4 c. 15 per c. 3 c. 9 c. 4 c. 5 c. 5 c. 3 c. 2 c. 50c.p.bu. 25 c. 10 c. $3 00 3 50 $4 to 5 2 00 2 50 1 00 2 00 1 50 30 c. 25 c. 25 c. §1 50 20 c. 17 c. 8 c. $2 50 12 c. 5 c. 50 c. 5 c. p. lb. do. 20 c. 5 c. 3 c. 4 c. 12 c. 10 c. 12 c. 10 c. 45 per c 35 per c. 25 per c. 14c. sq.y. 70c. sq.y- 40c. sq.y 45 per c. 25 per c. 855 p. ton 25 per c. 25c. sq.y. 25 per c.- 25 c. 40 c. 25 c. 3 c. 5 c. 5 c. 3 c. 9 c. 4 c. 5 c. 5 c. 3 c. 2 c. 50c.p bu. 25 c. 10 c. §3 00 3 59 J4 to 5 82 00 2 50 1 00 2 00 1 50 30 c. 25 c. 25 c. §1 50 20 c. 17 c. 8 c. $2 50 12 c. 5 c. 50 c. 5 c. p. lb. do. 10 c. 3ic. 2j c. 31 c. 12 c. 10 c. 12 c. 5 c. 50 per c. 5 per c. 15 per c 16c. sq.y 63c. sq.y 35c. sq.y 50 per c 25p.c. on min.of30c free 25 per c 12jC.sq.y 10 per c. 25 c. 40 c. 25 c. 3 c. 5 c. 5 c. 3 c. 9 c. 4 c. 5 c. 5 c. 3 c. 2 c. 50c.p.bu. 25 c. 10 c. $3 00 3 50 4 00 2 00 2 25 1 00 2 00 1 50 30 c. 25 c. 25 c. §1 50 20 c. 17 c. 8 c. #2 50 12 c. free free 3 c. p. lb. 4 c. p. lb. 8 c. 4 c. 2j c. 21 c. 6 c. 6 c. 4 c. 4 c. 40 per c. « 15 pc. (72by58 25 per c. 14c. sq.y. 50o. sq.y. 30c. sq.y. 40 per c. 30 p.c. on min.of20c 820 p. ton 20 per c. I2£c.sq.y 20 per c. 20 c. 40 c. 25 c. 1 c. 4 c. 4 c. 2 c. 9 c. 4 c. 4 c. 5 c. 3 c. 2 c. 70c.p.bu. 25 c. 10 c. ' §2 00 3 50 6 00 3 00 4 00 1 00 2 00 1 50 25 c. 30 c. 25 c. 81 25 17 c. 15 c. 40c5pC'lb. 12 c. free free 26 Appendix D. 26th Congress, [SENATE.] t~ 4,50 1 Is/ Session. •* A. Statement of expenditures of the United States, from the year 1824 to the year 1839, inclusive ; agreeably to a resolution of the Senate of the 24Ik of April, 1840. Years. 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1837 1S38 1839 Aggregate amount of all ex¬ penditures, or payments of every kind, from tlie Treasury. $ 31.898,538 47 23,585,804 72 24,103,398 46 22,656,764 04 25,459,479 52' 25.044,358 40 24,585,281 55 30,038,446 12 34,356.698 06 24,257,208 49 24,601,982 44 17.573,141 56 30,868.164 04 37,265,037 15 39,455,438 35 37,129,396 80 Aggregate amount indepen dent of the payments on account of the public debt whether funded or un¬ funded. $ 15,330,144 71 11.490.459 94 13,062,316 27 12,653,095 65 13,296,041 45 12.660.460 62 13,229,533 33 13,864,067 90 16,516,388 77 22,713,755 11 18,425,417 25 17,514,950 28 30,868,164 04 37,243,214 24 33,849,718 08 25,982,797 75 Aggregate amount for perma¬ nent and ordinary purposes, excluding payments on ac¬ count of objects either ex¬ traordinary or temporary." $ 7,107,892 05 6,537,671 27 7,058,872 12 7,427,175 78 7,788,394 S6 7,503,204 46 7,624,827 56 7,679,412 66 8,562,650 42 8,827.095 77 9,667,797 97 9,157,490 32 11,688,987 18 13,09S,321 83 13,837,594 44 13,325,800 18 *" Such as the public debt, trust funds, indemnities, claims of States for war debts,or 3 per cents on lands sold ; occasional donations in money to objects in the District of Columbia, or otherwise; survey of the n.ast; taking the census; duties refunded; exploring expedition! and materials collected for tl e gradual improvement of the navy, (including improvements a' navy yards ;) durable public buildings of all kinds; bridges and fortifications; all roads, canals, breakwaters, and imprpvt n.enls in livers and harbors ; arming militia and forts ; all pensions, except those to invalids ; i d the purchases of title to lands from Indians, (Indian department;) the removal of Indians and the wars; with such other payments as may have been made in those years for property k-1, or injuries committed during hostilities." None of these years or columns include any thing on account of the Post Office Department. Note.—The expewlitm 3 cf 1S39 are subject to variation on the settlement of the Treasu¬ rer's accounts for that year ; v.hich have not yet reached this office. Treasury Department, Register's Office, May 4, 1S40. T. L. SMITH, Register- B. Statement of payments on account of objects either extraordinary or temporary, including the public debt, from 1824 to 1839. 1824. 1825. 1826. 1827. Public debt ........ Trust funds ........ Indemnities ........ Claims of States for war debts ------ Three per cent, on lands sold ------ Two per cent, on account of Cumberland road . - - - Occasional donations in money to objects in District of Columbia Survey of the coast Taking the census ....... Duties refunded -------- Exploring expedition ....... Materials collected for the gradual improvement of the navy (including improvements at navy-yards) - - - ... Durable public buildings of all kinds - Bridges and fortifications ------- Roads, canals, breakwaters, and improvements in rivers and harbors (except Cumberland road) ...... Arming militia and forts ------- All pensions, except those of invalids - Purchase of titles to lands from Indians (Indian Department) - Removal of Indians, and the wars - Such other payments as may have been made for property lost or inju¬ ries committed during any hostilities, and other miscellaneous items of an extraordinary or temporary character - $10,568,393 76 $12,095,344 78 $11,041,082 19 $10,003,668 39 4,891,368 56 5,510 27 47,714 53 17,000 00 4,375 19 423,342 46 180,309 67 429,972 04 56,995 99 171,155 43 1,267,600 41 429,987 90 296,260 21 93,234 51 185,090 67 57,221 89 35,850 00 1,972 39 712,665 63 190,809 42 762,711 24 334,353 02 172,348 09 1,508,810 57 724,106 44 173,614 80 4,297 55 9,967 88 152,107 84 37,208 75 125,469 00 1,229 43 1,615,731 41 177,467 63 756,447 55 488,740 02 196,828 64 1,305,194 82 743,447 83 389,235 80 2,202 50 401,288 45 118,177 60 27,982 37 189,230 00 4,078 43 1,274,786 52 408,233 32 633,835 81 075,268 14 262,810 59 805,571 30 708,447 35 42,177 53 71,829 96 8,222,252 66 4,952,788 67 6,003,444 15 5,225,919 87 B—Continued. 1828. 1829. 1830. 1831. Public debt ..... ... $12,163,438 07 $12,383,867 78 $11,355,748 42 $16,174,378 2-2 Trust funds ........ Indemnities i Claims of States for war debts ------ Three per cent, on lands sold ------ Two per cent, on account of Cumberland road - Occasional donations in money to objects in District of Columbia Survey of coast -------- Taking the census ....... Duties refunded -------- Exploring expedition - - • Materials collected for the gradual improvement of the navy (including improvements at navy-yards) ------ Durable public buildings of all kinds - - - - - Bridges and fortifications ------- Roads, canals, breakwaters, and improvements in rivers and harbors (except Cumberland road) ------ Arming militia and forts ------- All pensions, except those of invalids - Purchase of titles to lands from Indians (Indian department) Removal of Indians, and the wars ..... Such other payments as may have been made for property lost or inju¬ ries committed during any hostilities, and other miscellaneous items of an extraordinary or temporary character .... 46,217 14 791,029 40 7,906 76 29,029 82 193,108 36 1,154 87 801,020 02 302,343 74 637,558 43 375,906 59 362,189 69 1,137,905 43 633,973 71 71,110 53 117,192 10 132,599 41 28,168 78 2,929 25 14,207 87 207,437 64 34 07 543,996 97 278,6-25 94 824,279 51 1,088,852 97 356,421 98 1,057,175 08 534,301 74 26,997 54 61,227 41 3,472 24 16,115 09 30,503 90 226,831 82 42,000 00 590,178 10 249,721 22 902,660 86 962,408 49 317,210 22 1,322,079 16 557,574 23 56,213 05 372,537 39 3,463 00 281 76 421,896 42 42,964 16 172,406 85 328,781 14 811,466 44 266,872 95 764,712 33 808,913 31 255,052 22 1,235.101 37 736,592 76 191,263 11 144,887 42 5,507,646 59 5,157,556 16 5,604,705 77 6,184,655 24 B—Continued. 1839. 1833. 1834. 1835. Public debt -------- Trust funds Indemnities Claims of States for war debts Three per cent, on lands sold ------ Two per cent, on account of Cumberland road - Occasional donations in money to objects in District of Columbia Survey of the coast ------- Taking the census - - - - - - - Duties refunded -------- Exploring expedition ....... Materials collected for the gradual improvement of the navy (deluding improvements at navy yards) ------ Durable public buildings of all kinds « Bridges and fortifications ------- Roads, canals, breakwaters, and improvements in rivers and harbors (except the Cumberland road) ------ Arming militia and forts ------- All pensions, except those of invalids - Purchase of titles of lands from Indians (Indian department) Removal of Indians, and the wars - Such other payments as may have been made for property lost or inju¬ ries committed during any hostilities, and other miscellaneous items of an extraordinary or temporary character - $17,840,309 29 $1,543,543 38 $6,176,565 19 $58,191 28 168,692 29 2,254 08 780,657 63 133,039 74 363,684 37 32,000 00 14,927 67 32,447 86 868,552 47 235,293 97 583,199 94 824,655 62 289,565 83 1,237,704 73 1,056,277 09 757,222 83 573,562 23 24,965 45 679,617 80 289,576 59 96,201 97 517,187 39 313,000 00 19,531 47 300 00 701,760 70 789,290 72 641,306 65 888,284 99 1,216,344 71 345,500 23 4,485,383 20 4,390,450 28 1,272,759 57 215,197 62 163,739 03 15,024 15 157,274 91 108,848 00 624,045 03 117,728 95 30,051 32 111,835 32 512,325 04 660,104 71 590,271 35 804,606 96 270,400 43 3,289,821 02 842,557 25 294,988 70 163,997 11 508,436 93 31,578 06 50,098 58 949,144 22 159,675 01 34,686 89 4,778 04 789,904 37 776,251 27 336,373 29 831,257 16 282,147 96 1,867,035 78 1,497,867 67 142,371 34 95,853 3D 7,953,738 35 13,886,659 34 8,757,619 28 8,357,459 96 c* B—Continued. Ox © Public debt Trust funds ........ Indemnities - - - - - - . - Claims of States for war debts ------ Tbree per cent, on lands sold ------ Two per cent, on account of Cumberland road - Occasional donations in money to objects in District of Columbia Survey of the coast ....... Taking of the census ....... Duties refunded -------- Exploring expedition ....... Materials collected for the gradual improvement of the navy (including improvements at navy yards) ------ Durable public buildings of all kinds - Bridges and fortifications ------- Roads, canaD, breakwaters, and improvements in rivers and harbors (except Cumberland road) ...... Arming militia and forts ------- All pensions, except those of invalids - Purchase of titles to lands from Indians (Indian department) Removal of Indians, and the wars - Such other payments as may have been made for property lost or inju¬ ries committed during any hostilities, and other miscellaneous items of an extraordinary or temporary oharacter - 1836. #1,191,232 94 225,555 57 55,994 85 963,993 94 368,356 90 131,244 62 36,393 59 1,149 96 202,706 08 813,833 14 868,134 97 858,543 21 958,341 44 488,561 47 2,559,899 39 3,009,040 72 5,945,613 09 470,580 98 19,179,176 86 1837. $21,822 91 1,285,968 74 4,369,065 32 70,852 32 460,542 00 406,734 60 235,240 75 97,900 00 333,740 00 97,293 92 860,116 34 1,086,029 52 966,665 33 1,493,310 42 587,118 44 2,471,986 07 2,484,185 20 6,524,211 73 313,931 71 24,144,892 41 1838. $5,605,720 27 1,329,744 80 975,577 09 107,707 79 26,834 96 351,977 62 177,617 15 88,937 30 454,586 69 * 161,413 91 608,541 09 1,186,551 08 543,544 47 1,191,802 84 450,121 11 1,937,068 10 4,603,518 72 5,414,192 75 402,326 17 20,012,123 64 1839. $11,146,599 05 240,694 18 717,552 27 4,875 50 63,670 00 198,520 00 126,374 77 91,995 78 12,000 00 179,304 30 * 97,968 36 714,857 74 1,248,044 97 735,570 87 1,000,491 59 474,906 35 3,033,761 28 1,708,123 12 1,775,914 13 232,369 36 12,656,997 57 CO © * Obtained from the Fourth Auditor's Office. Treasury Department, Register's Office, May 4, 1840. T. L. SMITH, Register. 31 Appendix D.—Continued. 27th Congress, Doc. No. 244. Ho. of Reps. 2d Session. [ PAGE 52. ] Statement correcting the column headed 11expenditure " in House Docu¬ ment No. 31, Is; session 27th Congress,pages 25 and 26. Years. Annual expenditure, Doc. 31, 1st sess. 27th Congress. Payments on account of public debt. Trust funds, Stc. Aggregate expend¬ itures, as per pub¬ lic accounts. 1829 1830 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 $12,651,457 22 13,229,533 33 13,863,786 14 16,514,134 69 22,050,312 31 18,420,467 12 17,006,513 15 29,655,244 46 31,588,180 18 31,544,396 19 25,443,716 94 23,327,772 29 $12,383,867 78 11,355,748 22 16,174,378 22 17,840,309 29 1,543,543 38 6,176,565 19 58,191 23 21,822 91 5,605,720 27 11,117,987 42 4,086,613 70 $9,033 40 281 76 2,254 08 663,442 80 4,950 13 508,437 13 1,212,919 58 5,655,034 06 2,305,321 89 1,053,231 79 812,147 82 $25,044,358 40 24,585,281 55 30,038,446 12 34,356,698 06 24,257,298 49 24,601,982 44 17,573,141 56 30,868,164 04 37,365,037 15 39,455,438 35 37,614,936 15 28,226,533 81 Aggregate 255,295,514 02 86,364,747 66 12,227,054 44 353,887,316 12 Average - 21,274,626 17 - - 29,490,609 75 1st column, aggregate of 8 years, 1833 to 1840, inclusive ... $199,030,602 64 Annual average 24,879,575 33 4th column, aggregate of 8 years, 1833 to 1840, inclusive - $239,862,531 99 Annual average ....... 29,982,816 50 When the above table was made out in 1841, the copyist made a small error in two of the years, which has been corrected; and the expenditures of 1840 could not at that time be as¬ certained correcUy. They now agree with the public accounts. » 32 Appendix E. 27 th Congress, ])oc. No. 281. ho- of Reps. 2d Session. LIABILITIES OF THE TREASURY, MARCH 4, 1841. August 10, 1842. Read, and laid upon the table. Treasury Department, Register's Office, August 8, 1842. Sir : I have the honor to transmit a statement of the amount for which ithe Treasury was liable on the 4th March, 1841, prepared in compliance with a lesolution of the House of Representatives of the Gth instant. I have the honor to be, sir, your obedient servant, T. L. SMITH. Hon. John White, Speaker of the House of Representatives. Statement of the amount for which the Treasury was liable on the 4th March, 1S41, agreeably to a resolution of the House of Representatives of the bth August, 1842. • Specific appropriations of all kinds undrawn on the 4th March, 1S41 $27,134,721 30 Indefinite appropriations drawn between the 4th March and 31st December, 1841 ... - 1,771,269 46 Treasury notes outstanding on the 4th March, 1841 - 6,621,334 44 35,527,326 20 From which deduct the cash balance in the Treasury on the 4th March, 1841, exclusive of deposites with the States, and the unavailable funds due by default¬ ing banks, as ascertained from the bo>..ks of the Trea¬ surer of the United States ... - 862,055 81 Total .... $34,665,269 39 The above balance [$862,055 81] in the Treasury does not include the sum of $300,000 trust funds. T. L. SMITH, Register Treasury Department, Register's Office, August 8, 1842. SPEECH OF MR. WM. C. RIVES, OF VIRGINIA, ON MR. McDUFFIE'S PROPOSITION TO REPEAL THE TARIFF ACT OF 1842. ♦ DELIVERED IN THE SENATE OF THE UNITED STATES, MONDAY, MAY 27, 1S4A WASHINGTON. J. AND G. S. GIDEON, PRINTERS. 1844. SPEECH Mr. RIVES said he had hitherto abstained from taking any part in this debate, because he preferred being a listener to the able and instructive arguments of other gentlemen, rather than to obtrude, with an anxiety disproportioned to its importance, any thing he might have to say, on the attention of the Senate. And he begged the Senate to believe that he did not now rise to enter into any formal or systematic discussion of the subject which had so long occupied its attention. A large majority of the Senate, he had no- doubt, had long since come to the conclusion that the bill of the honorable Senator from South Carolina, (Mr. McDuffie,) is, within the true meaning of the Constitution, a " bill for raising revenue," and that it cannot, therefore, properly originate in this branch of the Legislature, But, as by general acquiescence and consent, it has been entertained as a theme for discussing a great question of national policy, deeply affecting the interests and feelings of every portion of the Union, he desired, before the vote of the Senate was taken upon it, to state, as briefly as he could, the views he entertained on some of the questions which have been drawn into discussion. In doing so, said Mr. R., I shall pass by all topics of a secondary character, and ad¬ dress myself at once to those leading and general principles which must control, with decisive force, the policy of the Government in regard to the great interests of national industry, as they are affected by systems of public revenue. A primary and essential element in the solution of this vexed question of national policy is involved in the pre¬ liminary enquiry, what is the best mode, upon principles purely financial, of raising the necessary revenue for the support of Government? I had supposed that this was a ques¬ tion hardly open to any serious difference of opinion. The suggestions we have seen from time to time, in the discussions of the press and elsewhere, in favor of a recurrence to a system of direct taxation, I had regarded as the harmless vagaries of individual specu¬ lative opinion. But, when we hear gentlemen of the authority and experience in ques¬ tions of finance, of the Senator from New Hampshire, (Mr. Woodbury,) and of the en¬ lightened views of the Senator from South Carolina, (Mr. McDuffie,) gravely declaring their opinions as practical legislators and statesmen, in favor of substituting, to a certain extent and under certain qualifications, a resort to direct taxes and excises for the present easy and almost imperceptible mode of supplying the public Treasury, the subject chal¬ lenges investigation and enquiry at the threshold. The Senator from New Hampshire says,, if the requisite amount of revenue is not yielded by imposts within a given limit, to wit, 2ft or 25 per cent., which he denominates, (rather arbitrarily I must be permitted to say,) the revenue standard, then we should have recourse, as was done in 1794 and 1798, to di¬ rect taxes and excises for the residue of what is wanted for the support of the Govern¬ ment, rather than to exceed that limit. And the Senator from South Carolina, complain¬ ing that the weight of taxation is borne, in too great a proportion by foreign imports, contends that it would be more equitable and just to divide the burden between foreign and domestic manufactures, subjecting the latter to an excise duty equivalent to the im¬ post duty levied upon the former. [Here the two Senators explained.3 Mr. Rives resumed. If the gentlemen will refer to their printed speeches, they will find that I have, in no degree, overstated their respective propositions, by which, 1 must confess, I was not a little startled, when they were first announced on the floor. I had supposed that, if any thing bad been conclusively settled by the most approved writers on finance and political economy, as well as by the experience of all modern govern¬ ments, especially our own, it was this—that the least onerous and the jeast objection- 4 able of all the modes of providing for the support of Government, and the exigencies of the public service, is by taxes on consumption ; and that of taxes on consumption, those most consistent with the genius and policy of free States, are taxes on foreign imports. The considerations which recommend them are almost too obvious tojustify a repetition of them to the Senate. In the first place, they are voluntary. No man pays them who is not both willing and able to pay them, or, in other words, who does not choose to purchase the articles on which they are levied. In this respect, they are favorably dis¬ tinguished from direct taxes, or taxes on possessions, (as the latter are sometimes de¬ nominated,) from which there is no escape, " being destiny unshunnable as death." These taxes on the consumption of foreign goods are, moreover, for the most part, the most equal kind of impositions, being generally paid according to the wealth and ability of the contributors. The consumption, or, speaking in a more general and proper sense, the expense of individuals, is, ordinarily, in proportion to iheir means of consumption or abi ity to purchase ; and the amount of the tax paid by each individual in this mode being exactly regulated by his consumption or expense, the tax apportions itself, very fairly in the main, to the wealth and ability of the tax payers. If any person finds him¬ self burdened with a larger portion of the public contributions, through this channel, than he can well afford to pay, he has only to retrench his expenses, and he diminishes, at the same moment and by the same act, the amount of tax he pays. A motive is thus furnished to economy, the habit of which is so essential to the accumulation of capital and the steady progress of national wealth. These taxes are, also, the least burden¬ some, because, instead of being paid in advance, and all at once, as other taxes are, theyr are paid by piece-meal only, as the articles on which they are levied are required for actual use and consumption ; and being then merged in and confounded with the price of the article, they are hardly felt as a public burden at all. There are political considerations of no less importance which recommend them. The machinery and process of their collection are infinitely more simple, and attended with far less of vexation and expense, than those which belong to other systems of revenue. There is no harrassing domiciliary visitation, no annoying inquisitorial ex¬ aminations into every man's private affairs, to reach the objects of them. At a few points upon the seaboard, through the agency of a small number of custom-houses, you collect a revenue of twenty, or twenty-five, or thirty millions of dollars, with the utmost ease and convenience, instead of overspreading the land with a cloud of tax-gatherers, like the locusts of Egypt, eating out the substance of the people—the usual and unavoidable attendant of every system of internal taxation. The excessive multiplication of offices, and the consequent extension of Executive patronage, the bane of public liberty, and the canker of the Treasury, are thus avoided ; and, in the same proportion, the expenses of collection are diminished. The first report of Mr. Gallatin as Secretary of the Treasury, made in 1801, showsthat the expense of collecting the various internal taxes, which existed under the preceding administration, was equivalent to 20 per cent., while that of collecting the customs was but 4 per cent. There is a further consideration of great importance, under our particular political system, in favor of supplying the Federal Treasury by external duties. It is the General Government only which is endowed with the power of raising revenue from the foreign commerce of the country. The States are thrown exclusively on the resources of internal taxation for their support. We should never, therefore, cre¬ ate a surcharge on those resources, by encroaching on the domain of State taxation, but in cases of inevitable necessity. The honorable Senator from New Hampshire, (Mr. Woodbury.) was unfortunate, I thought, Mr. President, in referring us to the financial examples of 1791 and 1798, for imitation. Those, I had supposed, were examples for avoidance, not for imitation. Are the monitory lessons of the past lost so soon in oblivion. Has the honorable Senator forgot the whiskey insurrection—a popular rebellion produced by the odium of an excise tax—a sentiment so deep and strong that not even the reverence for the character and person of General Washington, then at the head of the Government, could prevent it from breakingout into open resistance to the authority and execution of the law? Has the honorable Sen- 5 ator forgotten the odium produced by the direct tax of Mr. Adams in 1798, which, foi the paltry sum of two millions of dollars, covered the land with a host of revenue officers assessors, inspectors, supervisors, commissioners, and collectors? lias he forgotten the moral resistance awakened in the minds of the people by the carriage lax, the stamj. tax, and the other fiscal expedients of that discredited era of internal taxation—measure; which, we have the authority of the most enlightened contemporary observers for say ing, contributed even more than the alien and sedition laws, to overwhelm that ill-fate< administration with popular disgrace ? I had supposed there were examples in our political and financial history which th< honorable Senator from New Hampshire, distinguished discip'e as he is of the Democratic school, would have preferred looking back to for instruction. I had supposed he woulc have preferred deriving his lessons from the great "Civil Revolution of 1801," as i has been called, when the first and leading act of Mr. Jefferson was to recommend ai immediate repeal of all the internal taxes of the preceding administration. The repea was accordingly made by one of the earliest acts of the new Congress; and in his secouc inaugural address, Mr. Jefferson, in reviewing the results of the first term of his ad ministration, dwells on nothing with so much c ngratulation to the country, as well a: pride and complacency in regard to the merits of his own conduct, as the change he hac assisted to introduce in the financial policy of the Government, by a total discontinuance of the system of internal taxes. What he says on the subject is so full of just and in structive observation, that I may be excused for reading it to the Senate, which 1 am the more tempted to do, as the remarks of the Senator from New Hampshire show that i may be neither an useless nor unseasonable reminiscence. < "At home, fellow citizens," says Mr. Jefferson, " you best know whether iwe have done well or ill. The suppression of unnecessary offices, of useless establishment and expenses, enabled us to discontinue our internal taxes. These, covering oiifilam with officers, and opening our doors to their intrusions, had already begun thatproCes; of domiciliary vexation which, once entered, is scarcely to be restrained from neaehwp successively every article of property and produce. If among these taxes some mino ■ones fell, which had not been inconvenient, it was because their amount would not havi paid the officer who collected them, and because, if they had any merit, the State au thorities might adopt them, instead of others less approved. The remaining revenui on the consumption of foreign articles is paid chiefly by those who can afford to ad< foreign luxuries to domestic comforts. Being collected on our seaboard and frontie only, and incorporated with the transactions of our mercantile citizens, it may be th< pleasure and the pride of an American to ask, what farmer, what mechanic, what labore ever sees a tax-gatherer of the United States ?" The honorable Senator from New Hampshire fell into a chronological mistake in re ferring to the year 1812 for another example of direct taxes and excise, which deserve; the more to be noticed because the continued adherence to the system of external du ties, under the very exigent and embarrassing circumstances of that period, furnishe: the strongest possible testimony of the opinion held by the able and enlightened mei then employed in the administration of the Government, of the preference due to im posts, over every other mode of supplying the public necessities. The war with Eng land was declared in June, 1812 ; and although it brought with it necessarily a demam for a large increase of revenue, while its effect would, in all probability, be to curtai very much the foreign commerce, which, for the last ten years, had been the onh source of supply to the Treasury of any moment, still the Government did not at tha time, as the Senator from New Hampshire supposes, resort to direct taxes and excises 'On the contrary, Mr. Gallatin, who was then at the head of the Treasury Department recommended an increase of 100 per cent, in the pre-existing rates of duties on foreigi imports, rather than have recourse to direct taxes or excises ; and this recommendatioi was carried into effect by an act of Congress, passed in July, 1812, raising the impost 100 per cent. No excise or direct tax was imposed till late in the summer of 1813 more than twelve months after the declaration of wai, and when the continuance of thi 6 / ■war had cut off so much of the foreign commerce of the country that it became literally impossible to derive the requisite revenue from that source. Mr. Gallatin, from the very commencement in 18O0--'7, of those foreign difficulties which terminated in the war of 1812, and in contemplation of actual war even, steadily s inculcated, through a series of able reports, the policy of increasing—of doubling, if necessary—'the duties on importation—a source of revenue which, to use his own lan¬ guage, " experience had shown to be the most productive, the easiest to collect, and the least burdensome to the great mass of the people,"* rather than resort to any other mode of taxation. This was the system, adopted and pursued till the almost total fail¬ ure of the customs, from the effects of the war on the foreign commerce of the coun¬ try, rendered a resort to internal taxes absolutely indispensable. At the earliest mo¬ ment after the close of the war, which the exigencies of the Treasury (greatly aug¬ mented by the vast accumulation of debt during the war) would admit, all these taxes were repealed ; and the first and most urgent recommendation of Mr. Dallas, in his Annual Report of 1815, was the immediate repeal, especially, of that description of tax on the domestic manufactures of the country which the honorable Senator from South Carolina (Mr. McDuffie) seems to favor, but which Mr. Dallas regarded as particular¬ ly mischievous, in its tendency to obstruct and retard the progress of national industry. Since the repeal of those war taxes, the Government has returned to, and persevered, for more than a quarter of a century, in the policy of Jefferson and Gallatin ; and the great weight which I freely admit to be due to the financial opinions of the Senator from NewHampshire, will hardly induce the country to return to the obsolete and exploded precedents of 1794 and 1798. T-he voice of experience and the judgment of the country upon this subject are strik¬ ingly embodied in a statement which I hold in my hand, and which I have taken from a document .laid before us a year or two ago—an account of the receipts and expenditures of the Government for the year 1840. In that document there is a statement exhibiting the receipts cyf the Government from all the regular and permanent sources of revenue (exclusive of loans, bank dividends, &c., and miscellaneous items,) from the 4th of March, 1789, to the 31st of December, 1840. The aggregate of these receipts, during this period of fifty-two years, is $892,340,733, of which the enormous amount of $746,- 923,302 was derived from customs alone, while $12,744,73 only came from direct taxes, and $22,265,242 from internal duties or excise—the residue being made up from the pro¬ ceeds of the public lands, and surplus of postage. The duties on foreign imports, then, stand out in bold relief, as the great established source of the national revenue, which the expe¬ rience of the country for more than half a century has deliberately sanctioned and adopted, and all other forms of taxation are but occasional expedients or extraordinary resources, for rare and special emergencies which may, at long intervals, call forth all the energies of the nation, but always ceasing whenever the emergency ceases. It may, therefore, be considered as settled, by the united voice of reason, experience, and the highest authority, theoretical and practical, that there is no mode of providing for the support of the Federal Government, and the public expenditure of the nation, liable to so little objection, and attended with so few disadvantages, in a strictlyfinancial view, as the system of duties on foreign imports. There is more or less of encourage¬ ment to the domestic industry of the country necessarily involved in such a system of revenue. But here we are met by a novel doctrine, which claims to be one of binding constitutional restriction. It is said, that although a benefit may and does result, inci¬ dentally, or rather accidentally, to the interests of domestic industry from the imposi¬ tion of duties on foreign commerce, you have no right to impose these duties with a view to that benefit, but they must be regulated and adjusted with a strict and exclusive reference to the interests of the revenue alone. To state the proposition according to the most approved formula of the political school which has adopted it—in the imposi¬ tion of duties* you may discriminate for the sake of revenue, but you cannot discrimL- * Mr. Gallatin's Annual Report on the Finances, in November, 1807. 7 nate for the benefit of the labor and the capital, which are the only sources of both public and private revenue. 1 will venture to assert, that so inexorable and Rhadamanthian a rule was never prac¬ tised upon by any Government under the sun—not even in the sheerest and most naked exercise of the taxing power. It would convert the office of raising revenue for the support of Government into a summary act of confiscation, and reduce the skill of the financier (which Burke and others have exalted into the dignity of the highest political science) to the mere arts of a fiscal extortioner. All the writers on political economy and finance lay down rules of preference and selection in the imposition of taxes, having reference to their effects on industrial interests, on public morals, and the general ease and convenience of the people, as well as to their productiveness of revenue. In every civilized Government, the authority which imposes taxes to supply the exigen¬ cies of the public service, seeks to impose them in the manner which may prove the most beneficial, or the least injurious to the general interests of society. Hence in many countries taxes are laid by preference, which, while they yield the requisite reve¬ nue, discourage vice, or check extravagance and luxury. In every country in which industry and the arts have made any progress, many foreign articles which are made use of, as raw materials or otherwise, in established branches of domestic manufactures, are either exempted from duty, or subjected to lighter duties, with a view solely to pro¬ mote production in those particular trades, and a consequent increase of national wealth, But I will not enter further into this view of the doctrine, which has been recently set up as a new standard of political faith. There is a radical error in it under the particu¬ lar provisions of our Constitution, which it is more important to notice. It wholly overlooks, or rather annihilates, a vital and fundamental power of the Constitution—the power to " regulate commerce with foreign nations." If there be any proposition, connected with the history and meaning of the Constitution, which rests upon more; in¬ controvertible proofs than another, it is that the power to regulate commerce with foreign, nations directly and necessarily includes the power to protect domestic industry by- burthens and restrictions imposed upon foreign productions. It is a very narrow and inadequate conception of the scope and operation of an impost duty which sees in it nothing but a fiscal resource. It is at the same time, and equally, a regulation of com¬ merce. If gentlemen will look baek to the proceedings on that fundamental act of our legislation—the act of 1789, for laying duties on foreign imports—they will see that Mr. Madison, in introducing the bill, expressly stated that it presented two points for consi¬ deration—the first respected the regulation of commerce—the second related to revenue. One of the most familiar and ordinary means or instruments of regulating commerce is the imposition of duties ; and one of the most ordinary and familiar exertions of the power to regulate commerce with foreign nations, is to impose duties on foreign pro¬ ductions in order to encourage and promote rival branches of industry at home. The commercial legislation of all countries, which have attained any degree of im¬ portance in the eyes of the world, abounds with examples of this use of the power. In England particularly, from whose political and Commercial vocabulary the phrase was transplanted into our constitutional and popular language, this had been its well known use and application for centuries. It was rendered doubly familiar, in this sense, to the mind of every man in America, from its having entered so largely into our colo¬ nial controversies with the mother country. The distinction upon which we stood, as every person who has the slightest knowledge of the history of his country well ■knows, was this—that Great Britain had no right to tax the trade of the colonies, with¬ out their consent, for revenue, but as the parent and presiding power, she had the ad¬ mitted right to do so for the regulation of cortimerce—that is, to impose duties on the productions of foreign countries coming to thd colonies, with a view to restrain and discourage their introduction, and thereby secure the market of the colonies to her own manufactures. This was the conceded and well understood extent and operation of the power to regulate commerce in all our ante-revolutionary history. In that period of our history which followed the close of the revolution, and immedi- 8 ately preceded the formation of the Constitution—a period which, from the inadequacy of tlie Articles of Confederation to provide for the new wants of an independent national existence, was filled with every variety of embarrassment, suffering, and distress, and "which has been aptly compared to the journey of the Israelites through the wilderness— the power to regulate commerce, with its vitally important objects and uses, again be¬ came a paramount and absorbing subject of public solicitude and discussion. In conse¬ quence of the want of any such power on the part of the federal authority, and the vari¬ ous and conflicting regulations of the several States nullifying and defeating each other, the condition of the country, in all the great interests of the national industry, had become one of the most melancholy and ruinous depression. Our ports being thrown open to the admission of foreign merchandise, with hardly any restriction, while our own produce and trade were either prohibited or subjected to burdensome and oppres¬ sive restrictions in oilier countries, the consequence was the total prostration of the energies of American industry and enterprise in all their departments, under this unequal state of things. The useful branches of manufactures which had sprung into existence during the war of the revolution, and had been gradually extending themselves, were overwhelmed by the inundation of foreign goods which was thus let in upon the coun¬ try ; agriculture was shut out from the markets it had been accustomed to find abroad for its surplus productions, and our navigation was driven from the ocean, and threatened with destruction, by the unfriendly discriminations and exclusive regulations of other maritime powers. The result of this state of things was a vast and constantly increasing accumulation of foreign debt, without the means of paying it, weighing like an incubus upon the national spirits and resources, and paralyzing every limb of the national enter- prisej It was to remedy these appalling evils, and expressly and emphatically to protect all of these great interests of .American industry, that the country called loudly for the investiture of the power to regulate commerce with foreign nations in the authorities of the Union, by which alone it could be efficiently exercised. It was by the salutary agency of this power, in the hands of the federal authority, that all these beneficent and important results were to be accomplished. Protection of domestic interests was the end, the motive, the vital essence of the power over foreign commerce delegated by the new Constitution to Congress. But surely, Mr. President, it would be a labor of presumptuous supererogation in me to detain the Senate with the discussion of a question which has received so conclusive an elucidation from the hands of the Father of the Constitution himself. I need hardly say, sir, that I refer to the' letters of Mr. Madison, addressed to a citizen of Virginia in 18'28, in which he has shown by the most luminous development, and with a weight of authority which at¬ taches to no other name on questions of constitutional construction, that this very power of regulating commerce with foreign nations embraces fully, and was meant to embrace, the encouragement and protection of the domestic industry of the country by impost duties adapted to the object, whenever the wisdom of Congress should deem the exer¬ cise of the power expedient and proper. On that demonstration the general intelligence of the country has reposed, and may well repose, with undoubting confidence. It may not be amiss, however, Mr. President, to advert for a few moments to the prac¬ tical construction of their powers on this subject, established by the first Congress which assembled under the Constitution. That Congress consisted of some of the first minds of America, and in a very large number, of the same individuals who had been members, either of the Federal Convention which framed the Constitution, or of the several State conventions which had ratified it. If any body of men, therefore, could be presumed to be qualified, above all others, to know the true meaning and spirit of the Constitution which they had so large a personal agency in framing, and which they Were now called on to put into practical operation, it was the collection of able and experienced statesmen who composed the Congress of '89. And here, sir, I may be permitted to remark that contemporaneous construction is, in my judgment, the safest guide to the meaning and intention of political institutions, as it has always been held to be in the interpretation of laws on which the rights, and interests, and responsibilities of individuals in civil life 9 depend. In either case, the object is to arrive at the real intention of those who made the law, or founded and agreed to the Constitution; and surely this can be better learned from the parties who were engaged in the transaction, or their associates or contempo¬ raries, than from scholiasts and commentators who, by new and ingenious interpreta¬ tions, bring to light some recondite and hitherto undiscovered and unavowed policy or design. In this view, the proceedings of the Congress of '89 are of the highest importance. The act passed by them laying duties on foreign imports was, as we all know, de¬ clared upon its own face to be "for the encouragement and protection of manufactures," as well as for obtaining revenue for the support of the Government and the discharge of the public debt. But the Senator from New Hampshire (Mr. Atherton) who addressed the Senate yesterday, contended that the duties in the act of '89 were laid with a view to re¬ venue alone, and ingeniously argued, that if the act was declared to be also "for the encou¬ ragement and protection of manufactures," it was only because the enlightened framers of it thought mere revenue duties sufficient for protection. But this supposititious explanation of the character of the act is contradicted by the whole course of the debate which took place upon it. The principle of protection, as a substantive element in the bill, was avowed or admitted by every member who took part in the debate. When a long list of articles for specific duties was offered to be added to those embraced in the original pro¬ position of Mr. Madison—articles which were finally incorporated in the bill—he ac¬ cepted them, expressly declaring that some of the proposed duties may be " productive of revenue," and some may " protect our domestic manufactures,'''' thus distinguishing them into separate classes, as having revenue or protection respectively for their object, though combined in the same bill. On the following day, Mr. Glymer, of Pennsylvania, adverting to the character of the act, said he " did not object to this mode of encourag¬ ing manufactures and obtaining revenue by combining the two objects in one bill. He was satisfied there was a political necessity for the one and the other, and it Would not be amiss to do it in this way." If the honorable Senator will look a little further into the detail of the legislative pro¬ ceedings on that occasion, he will find various articles brought forward day after day on the express ground of meriting encouragement by means of protecting duties. The House of Representatives was engaged for weeks, in committee of the whole, in an emulous selection of objects connected with the agriculture or manufactures of the coun¬ try, which wej-e supposed to have the strongest claims to legislative protection. One of the most singular results disclosed by this review—and I beg leave to call the atten¬ tion of my honorable friend from South Carolina (Mr. McDcffie) to it, that he may correct me if I have fallen into error—is, that that very interest of the cotton culture, which of late years has been most violently arrayed against the principle of protection, in all probability took its origin, as a stable and regular branch of national industry, in the protective and beneficent provisions of the act of '89. I find, on looking into the debates on that occasion, that, the duty on hemp being under consideration, Mr. Burke, a member from South Carolina, warmly advocated it, believing that the lands of South Carolina and Georgia were well adapted to its growth. He stated that the staple products of that part of the Union (meaning doubtless rice and indigo) were hardly worth cultivating, on account of their fall in price ; that the planters were therefore disposed to pursue some other; that hemp, he thought, might be attempted by them with advantage ; and he added, " cotton is likewise in contempla¬ tion among them, and if good seed could be procured, he hoped it might succeed.'" This was on the 16th of April, '89. The bill was returned from the Senate on the 12th of June, with an amendment imposing three cents per pound on cotton, which was con¬ curred in by the House, and at that rate the duty on cotton has ever since stood, through all the successive mutations of the tariff in other respects, from 1789 to the present time. Now, sir, it happens, by a very remarkable coincidence, that this very year, 1789 is noted in the history of the cotton trade, as the era of the first introduction of the sea- island cotton into the United States, and of the permanent establishment of the cotton 10 culture generally, as a systematic branch of American agriculture in the southern States of the Union. The circumstances attending the first essay in the culture of the sea-island cotton in the United States, as given by the historians of a trade which has produced so great a revolution in the industry and commerce of the world, are so curious in this particular connexion, that they deserve to be mentioned. It appears that a West India planter, who had removed to Georgia for the purpose of engaging in the culture of cotton,, received from a friend in Jamaica, in the spring of 178G, several sacks of the Rernarn- buco cotton seed. No use, however, was made of these seeds until 1789, when a suc¬ cessful experiment was made with them, to which is traced the first introduction of the culture of the sea-island cotton into the United States ; and from the same epoch is dated the introduction, to any considerable extent, of the cultivation of the upland cotton, and the permanent establishment of the cotton plant as a staple production of the United States.*" This coincidence between the first establishment of' the cotton culture as a branch of national industry, and the protective duty of '89, may, after all, it is true, be a fortuitous association; but it certainly is no violent presumption to suppose that the countenance and encouragement thus extended by the legislature to an infant enterprise, in its first feeble efforts to maintain itself, gave a confidence and security to all engaged'in it, which contributed greatly to its successful and firm establishment. (Mr. McDuffie here said that it was a low duty, not averaging, at that time, more than ten per cent, of the price of the article, and was imposed for revenue.) The protective duties then imposed, said Mr. Rives, were all moderate, as the Sena¬ tor frdrtt South Carolina has himself shown, it being deemed expedient, as will be seen, by refhrbnce to the debates, to begin with moderate duties, and to increase them after¬ wards,'bV degrees, as should be found necessary.* Whatever proportion the duty of 3 eents-jibr pound on cotton may have borne to the price of the article at that time, we know'tlmt, for years past, it has been equivalent to from thirty to fifty per cent, ad valo¬ rem. ' That it was high enough at first to operate as a material protection to tne planter is, 1 think, clearlv proved by the earnest recommendation of General Hamilton, in his repdrt on manufactures in 1791, to repeal it, as highly injurious to the interests of the cotton manufacturer. The Senator from South Carolina will see, if he will turn to that report, that General Hamilton considered the duty high enough to be, in the language of the report, " a very serious impediment to the progress of the cotton manufactories." The cotton then produced in the southern States was considered of an inferior quality to that imported from abroad; and the Secretary of the Treasury, deeming it to be of great importance to the success of the infant cotton manufactures, just starting into existence, that thev should have " the full benefit of the best materials on the cheapest terms," ear¬ nestly urged the repeal of the duty, as '•indispensable " for that object. All this, sure¬ ly, implies such an enhancement of price from the operation of the duty, or such a dim¬ inution of the supply of the foreign article under its effects, as to be a virtual protection to the American planter, at the expense of the manufacturer. At the same time, he pro¬ posed, as a substitute for the duty on imported cotton, a bounty on the domestic cotton; thus recognising, by the nature of the substitute, the protective character of the duty he proposed to repeal! Notwithstanding the urgent recommendation of General Hamilton, the duty was not repealed, nor has it been repealed or reduced, down to the present day. Can it be supposed, if there was no other interest involved but that of the trifling revenue it yielded, it could have withstood such a recommendation, coming from so high and so influential an official source? But, sir, to return from what seemed to me a curious episode, at least, in the history of this question, and into which I have been drawn at greater length than I intended— Nothing is more incontrovertible than the numerous and prominent protective features in the act of 1789. Let any gentleman look into the instructive debates which took place on that occasion, and he will see at once how largely the consideration of protec¬ tion entered into the very foundation of that act. A series of duties on various produc- *See White's History of the Cotton Manufacture, cited in Hunt's Merchants' Magazine for March, 1841. Art. 1, "The- American Cotton Trade. 11 tions of agriculture or manufactures—distilled spirits, beer, ale, porter, cheese, soap, candles, boots, shoes, and other manufactures of leather, steel, nails, spikes, hemp, cor¬ dage, manufactured tobacco and snuff, coal, glass, paper, &e., &c., was proposed and carried, expressly and avowedly with a view to the protection and encouragement of the domestic industry of the country. Revenue and protection went hand in hand through the provisions of the act, as substantive but associated objects, in the minds of the en¬ lightened legislature of that day. The foundations of our national policy were laid on the union of these two elements, by the wise men who had had the chief agency in the formation of the Constitution, and who were first called to the practical administration of its powers. All this took place during the first session of the first Congress which assembled un¬ der the Constitution. The principle, then settled, met with1 a yet more emphatic con¬ firmation, by the unanimous voice of the representatives of the people, at the succeed¬ ing session of the same Congress ; which, as it has not hitherto been noticed, so far as I know, I may be excused for bringing to the recollection of the Senate. The first speech, (as it -was called,) of General Washington to Congress was made in January, 1790, at the second session of that body. In the course of the speech, he congratulated Congress that " the measures of the last session had proved satisfactory to their con¬ stituents," recommended to them " the advancement of agriculture, commerce, and man¬ ufactures by all proper means," and declared with emphatic earnestness that " tire safety and interest of a free people require' that they should promote such manufactories as tend to render them independent of other nations for essential, particularly military, supplies." To this speech the House of Representatives returned an address, (as the usqge then was,) in which they say—" We concur with you in the sentiment that agriculture, com¬ merce, and manufactures are entitled to legislative protection,*" and though the dppight oi the address, as reported, underwent several amendments in the House, none was pro¬ posed to this important passage, and the address containing it was, as the journal states, unanimously agreed to by the House. The principle of protection, carried into practi¬ cal details in the act of '89, at the first session of the first Congress which met under the Constitution, was thus solemnly and unanimously ratified by the same enlightened body at its second session, with the concurrence of the Father of his country, who had himself presided over the deliberations of the Convention which framed the Constitution. I was very much surprised, Mr. President, to hear the Senator from Alabama, who addressed the Senate a few days ago, (Mr, Bagby,) say that none of the earlier Presi¬ dents had given their sanction to the principle of protection. We have just seen what Washington did. Mr. Jefferson, in the high public stations which he filled at different times, has, perhaps, done as much as any other American statesman to recommend and enforce this principle. In his report, as Secretary of State, in February, 1791, on the Fisheries, he urged, with an ability and comprehensive and national spirit which did him the highest honor, the propriety and expediency of increasing the duties on foreign fish, for the protection and encouragement of our hardy and enterprising eastern fishermen. He anticipated many of the arguments which have since become the leading topics in favor of protection; and among them, the policy of " compensating, as far as practicable, the loss of markets abroad, by the creation of markets at home." This report, it must be borne in mind, preceded the celebrated report of General Hamilton on manufactures near a twelve-month; and I will here remark, that it was not the principle of protection, but some of the means by which that distinguished statesman proposed to carry it into effect, to wit, bounties, premiums, and the discretionary disposal of large funds by a board of public officers, together with some very broad principles of constitutional construction, which rendered the able and masterly report of General Hamilton obnox¬ ious at the time to the republican sentiment of the country. In place of these direct stimulants, Mr. Jefferson proposed the indirect but, probably, not less efficient encour¬ agement, of duties on rival foreign productions. This policy he brought forward, still more systematically and elaborately than he had done in his report on the Fisheries, in a report made by him, as Secretary of State, in December, 1793, on the state of our for- 12 eign commerce, in which he recommended, that when a nation imposes high duties on our productions, or prohibits them altogether, we should do the same by theirs; and, unlike the modern school of a cosmopolite political economy, which insists that all discriminations in the imposition of duties should be made against the productions of our own industry, he recommended such a gradation of duties " as should first burden or exclude those productions which they, (foreign nations,) bring here, in competition with our own of the same kind."''' [Mr. Bacby here said, that he had referred to the messages to Congress of our early Presidents, and particularly to those of Mr. Jefferson, in which he recommended such aid to be given to agriculture, manufactures, &c., as was " within the limits of the con¬ stitutional powers" of Congress; so that nothing is gained, unless it be shown that he entertained the opinion that Congress has the constitutional power to lay duties for protection.] Mr. Rives resumed : The honorable Senator read from the first message of Mr. Jef¬ ferson to Congress, in which the qualification cited by him is contained, and by which Mr. Jefferson probably meant to exclude such modes of encouragement as had been suggested by Gen. Hamilton, and which he considered unconstitutional. But that he de ;med duties for protection clearly constitutional, is proved by his having strongly recommended them in both of the above mentioned reports, made by htm as Secretary of State, and still more explicitly by the language and recommendations of his subse¬ quent messages. In his very next message to Congress, (in 1802,) he recommended the "-protection of the manufactures adapted to our circumstances," as one of the great land-marks of a sound national policy. In 1806, when the flourishing state of our foreign commerce had caused the impost duties to yield a large surplus beyond the existing demands of the Government, he preferred all the dangers and embarrassments of that surplus, rather than by reducing the duties, to " give that advantage," to use his own language, " to foreign, over domestic manufacturesand in 1808, when the ag¬ gressions upon our neutral commerce by the belligerent powers of Europe, had, in a great degree, driven it from the ocean, and caused a large portion of the capital and in¬ dustry of our citizens to be applied to manufactures, he expressly recommended " pro¬ tecting duties," and even " prohibitions" as among the proper means of giving secu¬ rity and permanency to this new direction of the national industry. This was the lan¬ guage of his last message as President to Congress, and crowns with a most emphatic testimony, and by recommendations of unusual energy, his long and steady advocacy of the interests of domestic industry. The opinions and public acts of Mr. Madison, through his long and eminent career of public service, were not less strongly marked by a zealous and unwavering support of the same national doctrines. In 1789, he heartily concurred, as we have seen, in the wise and beneficent system of policy established by the first Congress under the Constitution, of which it is no disparagement of the just claims of his many able and patriotic associates to say, that he was the guiding and ruling spirit. In 1794, he was the mover and powerful champion of the celebrated commercial propositions, intended to carry into effect the principles and recommendations of Mr. Jefferson's Report of December, 1793. In every one of his messages to Congress, during the eight vears of his presidency, with the exception only of the three years of the war with England, when the question was of course temporarily suspended, he urgently recommended the manufacturing industry of the country to the " protecting and fostering" care of the legislature. In one of his messages before the war, he said, almost in the words of Washington, " The national interest requires that with respect to such articles at least as belong to our defence and our primary wants, we should not be left in unnecessary dependence upon foreign supplies." In his very first message after the close of the war, recurring to the importance, in a national view, of sustaining the manufactures which had sprung into existence, and attained an unparalleled maturity throughout the United States, during the period of the European wars, he says, in language of emphatic earnestness, •' This source of national independence and wealth, I anxiously recommend 13 to the prompt and constant guardianship of Congress." And in his succeeding message of December, 1815, in bringing the subject again to the consideration of Congress, he enforced it with so lucid a statement of the just principles of a sound and practical com¬ mercial legislation, and by so calm and persuasive an exhibition of great national inter¬ ests, that the pregnant paragraph he devotes to it will, in all future time, be looked back to as comprehending, in the fewest words, the most satisfactory exposition and defence of the true system of American policy.* The Senator from New Hampshire, who spoke yesterday, (Mr. Atherton,) read an isolated extract from a speech of Mr. Madison in 1789, to show that he advocated the modern doctrine of unlimited free trade. But the honorable Senator should have read other portions of the same speech, and then he would have been better qualified to judge of the creed of Mr. Madison from a view of the whole context. He would have seen, that while Mr. Madison admitted that capital and labor are, in general, most usefully employed when left to the guidance of private interest, without legislative interference, (as, indeed, who does not admit the general principle,) yet that, in the policy of nations, there are many just and necessary practical exceptions, which he proceeds distinctly tc set forth and enforce in the subsequent and most important part of his speech. Among these exceptions, he particularly insists upon the duty of the Government to sustain ex¬ isting establishments, which ought not to be allowed to perish for the want of timely protection, and which it would be cruel to abandon, and leave the industry employed ir them to seek new channels; for he adds, " it is not possible for the hand of man tc shift from one employment to another, without being injured by the change." Again he says, in the same speech, that while there are some manufactures which can advance towards perfection without any adventitious aid, there are others, which demand the " fostering hand" of the Government, and that the prudent and wise selection pf p^opei objects for this fostering aid, is the legitimate province of a sound legislative discretion Let the whole doctrine of this speech of Mr. Madison be compared with the recontmen dations of his messages as President, and particularly with the broad and comprehen sive survey of the subject contained in his leading message of 1815, and it will, he seer what a beautiful and enlightened consistency linked together the acts and opinions o this great American statesman, at these two widely separated periods of his long anc illustrious career. The principles of a sound discriminative commercial policy which I have thus showr to have been coeval with the Constitution itself, and to have been cherished and main¬ tained by all our great republican statesmen of an era the most fruitful in lessons of po¬ litical wisdom, are, at the same time, sanctioned by the authority of the most celebratec writers on the science of political economy—even of those whose names are often * The portion of the message of 1815, referred to above, is in the following words, which, whether a: a text of instruction, or a well defined outline of a system of public policy, cannot be too often or toe carefully studied. " In adjusting the duties on imports to the object of revenue, the influence of the tariff on manufac- tures, will necessarily present itself for consideration. However wise the theory may be, which leave: to the sagacity and interest of individuals the application of their industry and resources, there are it this, as in other cases, exceptions to the general rule. Besides the condition which the theory itself im plies, of a reciprocal adoption by other nations, experiences teaches that so many circumstances mus concur in introducing and maturing manufacturing establishments, especially of the more complicatec kinds, that a country may remain long without them, although sufficiently advanced, and in some re spects, even peculiarly fitted for carrying them on with success. Under circumstances giving a power ful impulse to manufacturing industry, it has made among us a progress, and exhibited an efficiency which justify the belief, that with a protection not more than is due to the enterprising citizens whosi interests are now at stake, it will become, at an early day, not only safe against occasional competition: from abroad, but a source of domestic wealth, and even of external commerce. In selecting the branche: more especially entitled to the public patronage, preference is obviously claimed by such as will relievi the United States from a dependence on foreign supplies, ever subject to casual failures, for articles ne cessary tor the public defence, or connected with the primary wants of individuals. It will be an addi tional recommendation of particular manufactures, where the materials for them are extensively drawi from agriculture, and consequently impart and insure to that great fund of national prosperity and inde pendence, an encouragement which cannot fail to be rewarded." 14 invoked in support of the doctrines of unlimited free trade. Adam Smith is the oracle most frequently appealed to by the disciples of the modern school of free trade. And yet Adam Smith was far from espousing the doctrines of free trade in the unqualified sense in which they are now put forward by its advocates. He says expressly that it would be as absurd to expect to see a system of unlimited free trade adopted in Great Britain, as to expect that an Oceana or Utopia should ever be established in it. In his great work on the Wealth of Nations, he has himself laid down limitations of the highest importance, and of great practical extent, upon the general freedom of trade. In the first place, he maintains distinctly that where certain branches of industry or man¬ ufactures are essential to the defence and security of the country, it is proper and wise, in all such cases, to lay burthens upon foreign, for the encouragement of domestic indus¬ try ; and upon that principle he vindicates and upholds the policy of the navigation act of Great Britain, which he pronounces to be " the wisest, perhaps, of all her commer¬ cial regulations," while he shows it, at the same time, to be directly at war with the fundamental canons of the free trade school. Again, he says that where foreign nations restrain by high duties or prohibitions the importaion of our productions into their coun¬ tries, it is a sound as well a just policy to impose like duties and restraints upon the introduction of the produce of their industry into ours, if there be reasonable ground to believe that the effect of such imposition may be to lead ultimately to a relaxation of the foreign restrictions or prohibitions of which we complain. Mr. Jefferson seems to have had this principle of Smith in his mind when, in his celebrated commercial report of 1793, he says : " Free commerce and navigation are not to be given in exchange for re¬ strictions and vexations ; nor are they likely to produce a relaxation of them.'''' A third and most important limitation laid down by Adam Smith upon the general freedom of trade is founded on the paternal regard which every just and wise government is bound to show to existing interests. lie lays it down, therefore, distinctly, that where large amounts of capital or a considerable portion of the population of a country have been employed in particular branches of industry, under the encouragement of former legislation, humanity as well as justice enjoins great " reserve and circumspection" in any modification of the laws under whose protection these interests have grown up. How wide-reaching as well as important this great principle of conservative legislation is in its application to the question now before us, I shall have occasion to show in the further progress of my remarks. Another very important, and, in its practical consequences, most fruitful exception to the general principle of free trade, though not formally stated by Adam Smith among the several limitations upon that doctrine which he enumerates, results directly from ex¬ plicit admissions and statements made by him. The argument he urges in favor of the general policy of a liberal and unrestrained commercial intercourse with foreign coun¬ tries, is founded upon the hypothesis that the articles we get from them will come cheaper to us than we can make them ourselves. In such cases, he contends that the general effect of commercial restrictions with a view to promote domestic production is, to divert industry from a more to a less advantageous employment, and to diminish the exchangable value of the annual produce of the country. But he adds this important qualification and admission : " By means of such regulations, indeed, a particular manufacture may sometimes be acquired sooner than it could have been otherwise, and after a certain time may be made at home as cheap or cheaper than in the foreign country."—Wealth of Nations, B. IV", Chap. 2. Here, then, is an explicit declaration by the great oracle of the free trade school, con¬ trary to what is so constantly asserted by them, (as to the necessary and invariable effect of protective duties to raise the price of the protected article,) that particular branches of industry may sometimes be introduced ivith advantage into a country by means of pro¬ tective duties, sooner than they otherwise would be; and that, after a time, their produce may be afforded cheaper at home than in the foreign country. Wherever such is the case, the very foundation, on which the argument against protection is built, fails. This 15 pregnant admission of the author of the Wealth of Nations, then, constitutes another and most important head of exception to the generality of the free trade principle. That there are cases in which a great reduction of price eventually takes place after the firm establishment of a manufacture, which, but for some legislative encouragement, might have remained for a long time, if not altogether, unattempted, the experience of every country seems to prove. A country may, in the possession of the raw material, or other superior natural advantages, have a peculiar aptitude for a particular manufac¬ ture, and yet from the backwardness of capital to embark on new and untried enter- prizes, or for the want of previously-acquired skill, individuals will not engage in it without the confidence and security derived from public protection; but when it has been once introduced and established under the auspices of that protection, and its practicability and advantages demonstrated, a large number of persons will be eager to invest their capital and industry in it, and the domestic competition thus produced, leading to improved processes, and to increased dexterity and skill, ultimately cheapens the article. This effect, however, must be understood as predicated only of such branches ofindustiy as a country, in its natural advantages or otherwise, possesses a decided aptitude for. The remark just quoted of Adam Smith refers to the ultimate effect which may be produced upon the price of particular articles by the operation of protective duties. Much has been said in the course of this debate, Mr. President, as to the more imme¬ diate effect of such duties upon prices. It has been contended by some that these duties are in effect paid by the producer, and do not enter into the price of the article. On the other hand, the honorable Senator front South Carolina contends that they invariably enhance the price of the article by the amount of the duty imposed, and are therefore paid by the consumer. A little investigation will, I think, show that there is no invari¬ able rule on the subject, but that the duty is paid bt the producer or the consumer, or divided between the two, (as often happens,) according to the circumstances of each particular case. The proposition that the duty is invariably paid by the consumer, in a corresponding increase of the price of the article, evidently rests upon the assumption of two principles, neither of which is universally true. The first of these principles is, that the price of an article always corresponds with the cost of production, or is barely suffi¬ cient to repay the actual outlay (including ordinary profit) incurred in its fabrication and preparation for market. If this were so, then it is clear that the producer could not pay the duty, for its payment would force him to quit his business. But it is not true that the price of an article always corresponds with the cost of production. On the contrary, the cost of production is, as Adam Smith says, only '• the central point to which the market price of commodities is continually gravitating." But various circumstances conspire, in many commodities, as he satisfactorily shows, to keep up the market price for a long time, (even for centuries, in some particular commodities,) much above the cost of pro¬ duction. In all such cases, the producer may afford to pay the duty, (if it should be necessary to do so in order to effect a ready sale of his goods,) without being forced to quit his business. The other principle assumed in the proposition, that the consumer always pays the duty, is that there is an uniform level of profits in the various employments of capital and industry, and therefore if the duty imposed upon a particular commodity were paid by the producer or dealer in the article, it would reduce his profits below the general level, and he would transfer his capital to some other employment, yielding him the general rate of profit.* But, in point of fact, there is no such uniform level of profits in the different employments of capital. There is, as Adam Smith says, a constant tendency to equality, (rather than an actual equality,) in the aggregate advantages and disadvantages of the various employments of stock and labor in the same country. But that there exist, in every country, very different rates of pecuniary profit, in differ- * This is the reasoning of Ricardo: but it is ably controverted by Say, both in his Traite and his: Cours d'economie politique, particularly the latter. 16 ent trades and occupations, without occasioning any transference of capital or labor from one to another, is a familiar fact, about which there can be no controversy. The honorable Senator from South Carolina (Mr. McDuFFiii) himself, has stated the various rates of profit in different occupations in this country, as ranging from 5 percent., which he considers the average rate of profit in farming and planting industry, to 12, 20, 35 and even 40 per cent., which he mentions as different gradations of manufacturing pro¬ fit. The rates of profit, then, differing so widely in point of fact, in different depart¬ ments of industry, notwithstanding the general tendency to approximation, the duties Upon particular articles in the more profitable branches of trade, may often be paid, "wholly or in part, by the producer or the dealer in those branches, without occasioning any sensible transference of capital from one employment to another. , Whether the duty, then, falls upon the consumer or the producer, or partly upon one and partly upon the other, will depend, in each individual case, upon the previous ele¬ vation of the price of the article and the relative profitableness of the particular branch of industry or manufacture, combined with the actual proportion between demand and supply in the market at the time. Thrre is so practical and common sense a view of • this whole subject, in a work of high authority, to which we never resort for instruction in vain, that 1 am tempted to read it to the Senate, the more especially as my honorable friend from New Hampshire (Mr. Woodbury) found it convenient, in quoting from the same paper, to stop in the middle of a sentence, where I will now take up and continue the quotation. The honorable Senator read a part of a paragraph from the 35th No. of the Federalist, in which the writer, speaking of the evil effects of exorbitant duties, re¬ presents them as tending to produce smuggling, to render other classes tributary to manufactures, to force industry out of its natural channels, and finally, he adds, " and, in the last place, they oppress the merchant"—Here, in the verv middle of the sentence, the honorable Senator came to a full stop, adding &c. &c. But the writer proceeds— they oppress the merchant, " who is often obliged to pay them himself, without any re¬ tribution from the consumer. When the demand is equal to the quantity of goods at market, the consumer generally pays the duty; but when the markets happen to be overstocked, a great proportion falls upon the merchant, and sometimes not only ex¬ hausts his profits, but breaks in upon his capital. 1 am apt to think that a division of the duty between the seller and the buyer more often happens than is commonly im¬ agined. It is not always possible to raise the price of a commodity, in exact proportion to every additional imposition laid upon it. The merchant, especially in a country ot small commercial capital, is often under a necessity of keeping prices down, in order to a more expeditious sale." What the writer here says of the merchant, is applicable rather to the producer, the real and original seller of the commodity, and serves at least to show that the burthen of the duty does not exclusively fall upon the consumer, as is now contended. While it is thus established by the authority of the ablest theoretical writers on poli¬ tical economy, as well as by the wisdom of legislators and the practice of nations, that in many cases, duties may and ought to be imposed with a view to the encouragement and protection of domestic industry as well as revenue, a sound policy undoubtedly de¬ mands a sober moderation in the imposition of these duties. In this, as in other eases, involving the wise direction of human policy and conduct, there is a middle line to be observed, on either side of which is error, and to go beyond, or fall short of it, is equally attended with evil consequences and injustice;— " Est modus in rebus; sunt certi denique fines, Quos ultra citraque nequit consistere rectum." There may be an ultraism of restriction, as well as a citra-ism, (if I may be allowed to coin a word from my quotation,) of free-trade. The aim of a wise policy should be to avoid either extreme, and to adjust the duties on foreign imports so as not to give a monopoly either to the domestic producer, or to the importer. And here I will remark, Mr. President, that a practical monopoly may result from the extravagance of free trade. 17 as well as from the violence of prohibition, for if we expose the nascent efforts of the industry and genius of our own countrymen to be overwhelmed in an unequal struggle with the establishments of the old world, we thereby give, as effectually, a monopoly to the foreign manufacturer, as by the prohibitory system it would be given to the do¬ mestic producer. A sound pojicy forbids both. Duties upon importation should be so regulated as not to exclude the foreign commodity, but to admit it on terms which will place the domestic producer and the importer on a footing of fair and equal competition. Competition is the true interest of the manufacturer, as well as the consumer. It is the nurse of skill and excellence—the spur to industry, economy and improvement—giving steadiness of prices, and furnishing the best security against revulsions, which some¬ times overwhelm in utter ruin the pampered trades which rely too much on legislative protection. A judicious and rational system of protection seeks to assist, not to force, nature. Where a country possesses aptitudes and facilities for particular branches of industry, essential to the national prosperity or independence, such a system draws them forth and sustains them by suitable encouragements, but never bolsters up by the mere force of legislation—by premiums, bounties, or other artificial stimulants—un¬ dertakings for which nature has given 110 adequate capacity or advantage. Much error and prejudice, in my opinion, Mr. President, have arisen among the spec¬ ulative minds of our country, from confounding the rational and discriminative commer¬ cial policy which I have endeavored to describe, with the antiquated barbarism and ab¬ surdities of the so-called mercantile system, against which the writings of Adam Smith and the political philosophers of his school, have been so ably and so successfully di¬ rected. But no two things, in my humble judgment, can be more distinct. The ge¬ nius of the mercantile system was artificial regulation, arbitrary restraints, prohibi¬ tion, monopoly, in all the pursuits of industry and commerce. It had its great imper¬ sonation in the celebrated minister of Louis XIV, Colbert, whom Adam Smith graphi¬ cally describes as a laborious and plodding man of business," who had been accus¬ tomed to regulate, with the most exact order, the various administrative bureaus under his direction, and who " endeavored to regulate the industry and commerce of a great country upon the same model as the departments of a public office." Carrying this spirit of artificial regulation and restraint into the commercial relations of France, he virtually prohibited by his tariff of 1667, many of the most important foreign manufac¬ tures which France had been in the habit of importing. In retaliation of this policy, England, a few years after, formally and absolutely prohibited the importation of French goods, and at a later period, in the reign of William III, renewed the prohibi¬ tion, and declared, by act of parliament, the trade with France to be a nuisance. Fi¬ nally, when this formal prohibition was withdrawn, a scale of duties was substituted equivalent to prohibition—75 per cent, being the lowest rate of duty to which the greatest part of French goods were subjected. Here was an exemplification, on both sides, of that mercantile system, against which the reasonings of Adam Smith were so powerfully directed. If gentlemen will take the trouble to recur to his remarks on the principles of that system, which it was the chief object of his labors to expose and overthrow, thev will find he constantly describes it as having for its object a " mono¬ poly" of the home market, and for its means " prohibition" of rival foreign commod¬ ities. This system survived, in many of its arbitrary and vexatious restrictions, down to a comparatively recent period in England. Some curious and instructive evidences of it are mentioned by Mr. Huskisson. In his speech on commercial reform, in 1825, he says, " within my own time, regulating acts, dealing with every minute process of the woollen manufacture, have been repealed by the score f and in his great speech on the state of the country, in 1830, he says, " six or seven hundred statutes, passed for im¬ proving the commerce and industry of the country, by a system of protection, prohibi¬ tion, restriction, and interference, have been repealed." It was this antiquated, and now exploded system, against which the writings of political philosophers, and the ef¬ forts of enlightened legislators have been directed, and justly and properly directed, dur- 18 ing the past arid present century. Mr. Huskisson, the great commercial reformer of England, and often held up as the champion of free trade, was not the opponent of pro¬ tection. It was prohibition he opposed, and to a great extent, overthrew. In intro¬ ducing the changes which he proposed and carried in the tariff of England, in 1825, lie expressly declared that the alterations he proposed were in duties which he consid¬ ered prohibitory; and he asked support for his propositions, only (to use his own words,) " so far as they shall be found not inconsistent with the protection of our own industry;" and subsequently, in 1830, he energetically repudiated the cognomen of free trade, as " unmeaning and absurd" in its application to the system of measures which he had brought forward and triumphantly carried through. Moderate, judicious, discriminating protection, in connexion with revenue, and as contra-distinguished from prohibition, is that safe and practical line of policy, to which the public opinion of this country is now rallying with an extraordinary and auspicious unanimity. There have been periods in our history when there have been strong tendencies manifested, even to a prohibitory policy. The legislation of 1828 is now, by general consent, considered as marking an era of that sort. But that day is past; and the honorable Senator from New York, (Mr. Wright,) who addressed the Senate some days ago, might, therefore, have spared himself the trouble of the able and elaborate argument he delivered against prohibition. Who proposes or advocates prohibition now? Certainly not mj honor¬ able friend from Massachusetts, (Mr. Bates,) nor my other honorable friend, the Sen¬ ator from Vermont, (Mr. Phelps,) among the most zealous champions of the tariff of 1842, but who have explicitly declared that they ask no more protection to the agri¬ cultural and manufacturing industry of their constituents than will be yielded by such a revenue tariff, with fair and proper discriminations, as may be necessary for the wise- and economical administration and support of the Government. The same sentiment has had the sanction and concurrence of other honorable Senators from the same quar¬ ter of the Union, who have borne prominent and distinguished parts in this debate. This brings me, Mr. President, to some observations on the act of 1842; and first, to feorrect a very extraordinary misconception as to the origin of that act. It has been very generally treated by its adversaries, in the discussions which have recently taken place, as a measure originating in the policy of protection. But such is not the fact. The public and well-known history of the measure, proves that its object was revenue, though, doubtless, in the adjustment of its details, regard was paid to the interests of domestic industry. For years, the current expenditures of the Government had beers permitted to exceed its current revenue; and when the accumulation of former sur- plusses with which the last administration commenced its career, was exhausted, and the current revenue fell habitually short of the current expenditure, instead of resorting to direct and proper means of supplying the deficiency, that administration preferred relying upon the hollow and delusive expedient of treasury notes. They thus passed the Government into the hands of their successors with a large accumulation of debt, and with an established deficiency in the current resources of the treasury to meet the current demands upon it. During the last year of that administration (1840) the cur¬ rent nett revenue of the Government was between thirteen and fourteen millions of dol¬ lars, while its current expenditure was between twenty-two and twenty-three millions. To fill up so wide a gap between the income and expenses of the Government, as well as to provide for the payment of the public debt, those who succeeded to the management of public affairs, deemed it incumbent upon them, in the high and honorable discharge of their duty to the country, to raise additional revenue, by a fair and open resort to the necessary means of doing it. For this purpose, a law was passed, as Senators well re¬ collect, during the called session of 1841, laying duties upon various articles of foreign import, which had been previously free. The revenue, however, even with the aid of that act, still continuing entirely inadequate to meet the demands upon the Government for its current service and the discharge of the public debt together, it became absolutely necessary to lay further duties for the support of the Government. In this necessity, the act of 1842 had its origin ; and if gentlemen will take the trouble to recollect a little 19 the contemporary history of the measure, and especially to look at the able and lucid speech of the honorable gentleman, then chairman of the Committee of Ways and Means of the other House, (Mr. Fillmore,) whose duty it was to introduce and explain the act, they will see that its open, avowed, patent and manifest object was revenue, ur¬ gently called for to sustain the faith of the nation, and to meet the wants of the public service. Whatever may be the incidental operation of the act upon certain interests of domestic industry, and however its details may have been adjusted with a view to that operation, it is still undoubtedly true that the primary and leading object of the law was revenue. While such was the object of the act, my apprehension at the time, from the high rate of some of the duties, was that its practical effect would be to discourage importa¬ tions to such a degree as to reduce, instead of augmenting, the revenue. This opinion was founded upon well authenticated data, derived from the financial experience of Eu¬ ropean Governments, in which it had been often seen that an increase of duties, by di¬ minishing consumption, lessened instead of increasing revenue. The result, however, has shown that the experience of Europe cannot be safely relied on as furnishing con¬ clusions applicable to the financial condition and resources of America. The means of consumption possessed by the industrious classes, who constitute the great mass of consumers every where, being far more limited, from the stinted reward of labor, in Eu¬ rope than in this country, any increase of duty, which occasions a sensible enhancement of price, necessarily diminishes consumption there, and is consequently often followed by a diminution, instead of an increase, of revenue. But, in the United States, the more liberal reward of labor and general prosperity of the industrious classes, giving a much greater ability to consume, an increase of duty, even when attended with a corresponding increase of price, seems to have but little etfect, comparatively, upon actual consumption here. Whatever be the true solution of the phenomenon, it must be admitted that the operation of the act of 1842, upon the foreign commerce and revenue of the countryn(so far,) has not conformed to the conclusions which seemed fairly deducible from ,the financial experience of Europe. The foreign commerce of the country, notwithstand¬ ing the temporary derangement manifested for the first six months after the passage of the law, and which is satisfactorily accounted for by the uncertainty which had pre¬ vailed in regard to the final action of Congress upon the subject, is now in a more vigor¬ ous and flourishing state than it has been for years ; and the revenue from customs, in¬ stead of falling off, has increased from 13 to 17 millions in the first year of the opera¬ tion of the act, and during the present year, according to statements communicated by the Treasury Department, will reach tb 20 or perhaps 25 millions. I have now before me a comparative statement of the foreign commerce and revenue receipts of the port of Boston for the first quarter of 1843, and the corresponding quar¬ ter of 1844, which exhibits, in so striking a point of view, the progressive operation of the act of 1842, in both of these respects, that I cannot forbear to give the results of it to the Senate. During the first quarter of 1843, when the effect of the act of 1842 had hardly begun to be felt, the number of ships from foreign ports arrived at Boston, was 138. During the first quarter of the present year, the number of foreign arrivals there was 222, being an increase, in a single quarter, of 84. During the first quarter of 1843, the revenue received from customs at Boston was $589,740 ; the like revenue received there during the first quarter of the present year was $1,310,000, exhibiting an increase of revenue, for a single quarter, of $720,259. Fromanother statement 1 have in my posses¬ sion, it appears that the revenue from customs, received at the port of New York alone, during the first quarter of the present year, was $5,731,546, exceeding the estimates in the annual Treasury report of the gross receipts from all the custom-houses in the Union during the first quarter of the year. So signal and decisive have been the actual results thus far of the operation of the act of 1842 upon the commerce and revenue of the country, contrasted with the apparently well-founded conclusions derived from the experience of other countries, under the influence of which my vote was recorded against its passage. It is the remark of a celebrated and profound philosophical writer,* * Hume. 20 that " it frequently happens, in political institutions, that the consequences of things are diametrically opposite to what we should expect on the first appearance." In nothing is this so much the case, and reasonings a priori as little to be relied on, or so liable to be contradicted by results, as in the complex problems of trade and finance; and I have lived much too long, Mr. President, not to be sensible of the fallability of human judg¬ ment, and to be prepared, at all limes, to surrender opinions to the demonstrations of ex¬ perience. While such has been the operation of the act of 1842 upon the revenue and foreign com¬ merce of the nation, its effects upon other connected interests have been alike propitious and remarkable. The credit of the Government, the entire prostration of which, before the passage of the law, had been a source of deep humiliation to every American citi¬ zen, has suddenly sprung up, as if touched by the wand of the enchanter, and is again the object of universal confidence at home and abroad. Private and individual credit have risen with it; and the slumbering spirit of American enterprise has once more waked up, as a giant from his sleep. Amid the general activity and animation in all the pursuits of the national industry, no interest is oppressed by the operation of the law ; for the very existence of the controversy, which has been maintained with equal zeal and confidence on both sides, in regard to prices, proves that there cannot have been any material change in that respect, one way or the other. If some articles have risen in price, others have fallen ; and in the general result, the interests of the great body of consumers remain unaffected. In this state of things, and when it is admitted, on all hands, that all the revenue which the tariff' established by the act of 1812 is capable of yielding, is absolutely ne¬ cessary, at present, either for the current service of the Government, or for the discharge of the public engagements, shall we wantonly interpose and arrest it in the full tide of its success, simply because it does not conform to the theories of some gentlemen in regard to the true standard of revenue duties, or that we may afford them the gratification of a party triumph in the overthrow of a law against which they have sworn a solemn vow of vengeance upon the altar of their party allegiance? For one, I cannot consent to do it. The great public interests involved are vastly too important to be made the sport of speculative theories or of legislative caprice. If we look alone to the interests, more im¬ mediately concerned, which have grown up to their present magnitude under the foster¬ ing influence of that system of laws of which the act of 1842 forms a part, we should survey the ground carefully when we propose a fundamental alteration in their provisions. The amount of capital invested in the various branches of manufacturing industry in the United States, including mining and the mechanic arts, does not, at this moment, proba¬ bly, fall short of four hundred millions of dollars ; and the number of persons connected with these pursuits, if we add to the operatives themselves their families and their de¬ pendants, has been computed to amount to about four millions of the free population of America. Where so large an amount of the national capital is involved, and the liveli¬ hood of so numerous and interesting a portion of the population of the country may be compromised, it surely becomes us, as guardians of the national weal, looking to the interest of every part as redounding to, and indissolubly connected with, the strength and prosperity of the whole, to proceed with caution by the clear lights of experience, and not to surrender ourselves blindly to preconceived and untested theories. In a voyage where the venture is so great, we should heave the lead every step of our pro¬ gress. Let experience decide the nature and extent of changes in the law, as changes shall from time to time be shown to be necessary and expedient, and then we may have the reasonable hope of correcting existing evils, without the danger of introducing new and still greater ones. There are those, I fear, Mr. President, who, in the heats engendered in our political controversies, have come to regard this great branch of the national industry and wealth with aversion rather than favor. But a little reflection will satisfy them that manufac¬ tures, with the extraordinary improvements of art introduced by the inventive genius of the age, form a chief and most important element in the strength and power of modern States. The effects of labor-saving machinery in this department of human industry, 21 in facilitating, cheapening, and augmenting production, have, within the last half century* made an almost magical addition to the riches and financial resources of the nations most largely engaged in manufactures. What but the wonderful development of this new source of wealth and power in England, during that eventful period, enabled her to sustain, not only without exhaustion, but with undiminished prosperity, especially in her great agricultural interest, the extraordinary financial efforts called for in her mighty struggle with the colossal power of Europe, consolidated and directed by the ascendant genius and energy of Napoleon? One of the most enlightened of her statistical writers, in a very instructive work published a few years since, says, in reference to this subject— " It is to the spinning jenny and the steam engine that we must look as the true mov¬ ing powers of our fleets and armies, and as the chief support, also, of a long continued agricultural prosperity."* We have a striking illustration of the creative powers of the same species of industry* in adding to the mass of national wealth, in the history of our own country since 1820. In that year, according to the census returns, the gross annual amount of manufactures produced in the United States was $36,115,000. In 1840, their nett annual amount,, (after deducting one-third of the gross amount on account of the value of raw materials,) was $239,836,224; thus exhibiting an increase of more than six hundred per cent, in twenty years, without making any allowance for the difference between gross and nett value. An able and learned writer of my own State, (Professor Tucker,) who has laid the whole country, and especially its legislators and public men, under deep obligation by his recent valuable work on its statistical history, has deduced, from a comparison of the data furnished by our census returns, the decennial rate of increase of the national wealth in each of the great branches of national industry in the United States. He shows the average decennial increase of wealth in those various branches, for the last fifty years, to have been about fifty per cent., while the increase in manufactures for each term of ten years, since 1820, has been at the extraordinary rate of two hundred, and eighty-four per cent., according to the data which he considers safest for a com¬ parative estimate. There is one criterion, susceptible of precise ascertainment, which seems fully to sustain this 'estimate, surprising as it is in its results. I refer to the ex¬ ports of domestic manufactures, which in 1820 were $2,342,000; in 1840, $12,868,840; and in 1841, $13,523,071; being an increase of more than sixfold in twenty-one years* while no other class of domestic exports has even doubled in the same period. Every person, Mr. President, must perceive, at once, the immense benefits resulting from this rapid growth of the manufacturing wealth and industry of the country to all the other great branches of American enterprise—to our commerce, to our navigation, to our agriculture. We have just seen, sir, how strikingly it has already fulfilled the anticipation expressed by Air. Madison in his memorable message of December, 1815, that it would " become, at an early day, not only a source of domestic wealth, but of external commerce.'" Its contributions to the foreign commerce of the country will become daily greater and greater, as the rapid improvement in the skill of our artizans, and the superiority of their fabrics, become more and more known. But it is in furnish¬ ing exchanges for the vast interior commerce of our own country, through the multiplied channels of intercourse along our lakes, our rivers, our canals, our railroads and our sea- coast, that its great importance to the commercial and navigating interests of the country" is chiefly seen and felt. I have been so much struck with a statement on this subject, contained in a recent public letter of an able and distinguished gentleman, (Mr. Nathan Appleton of Boston,) with whom I have had the honor of being associated in the pub¬ lic service here, and whose high personal character and accurate practical information are known to all, that I take the liberty to read it to the Senate. " The trade," says Mr. Appleton, "between Boston and New Orleans, employs a greater amount of ton¬ nage than that between New York and Liverpool ever did. Upwards of fifty square rigged vessels of the larger class, have arrived at this port during the sixty days of Feb¬ ruary and March—one half of their cargoes, at least, consisting of the produce of the 'Porter's progress of the nation, vol. I, p. 188. 22 valley of the Ohio. This trade is the result of the protective system. How could we take their beef, pork, flour, lard and wool, if they did not take our calicoes, cottons, cabinet wares, shoes and other notions?" Let us glance, for a moment, at the advantages flowing from this great development of the manufacturing industry of the country to the most important of our interests— the nursing mother of all the rest—our agriculture, It is manufactures, Mr. President, which create the chief demand for the produce of agriculture, either as subsistence for those employed in them, or as raw materials for the fabrics wrought by them. Hence it has grown into an axiom of political economy, that " flourishing manufactures and commerce are indispensable to a flourishing agriculture;" and I cannot agree, Mr. President, with the honorable Senator from South Carolina, (Mr. McDuffie,) that Manchester, Birmingham and Leeds are our natural markets for the consumption of our produce, or the supply of our wants. On the contrary, the great oracle so often in¬ voked by those who belong to the same school of economical science and policy as the honorable Senator, expressly declares that " every country is necessarily the best and most extensive market for the greater part of the productions of its own industry."* If this be true of countries in general, how emphatically true is it of a country of such vast extent, and of such diversified productions and forms of industry, as the United States. It is only necessary to recollect that cotton i6 not the only, or indeed the chief agricultural production of the United States, to be convinced that American agriculture must ever find the most important market for the mass of its productions at home, and in the diversified employments of our own citizens. In saying this, 1 am far from in¬ tending to depreciate the great importance of foreign commerce, whether in its moral apd political influences, or in its positive results. On the contrary, I heartily assent to all that the honorable Senator so eloquently said in regard to it; and I wish to see it expand and flourish, as I believe it is destined to do, hand in hand with that great inte¬ rior commerce which must ever remain by far the greater interest, both in the inappre¬ ciable extent of its numberless operations, (which the imagination can hardly embrace, and which no power of figures can estimate in a country like ours,) and in the surpass¬ ing importance of its benefits to the nation. It is deeply to be regretted that in the administrative organization of the Government, no provision has yet been made for collecting such data as might enable us to form some approximative idea of the vast extent and importance of our interior trade. I hope it will not be long before this defect shall be supplied. In the absence of any official re¬ turns, my attention has been drawn to such estimates as have been framed, for separate portions of the Union, by individual industry and intelligence. Among these. I find a table annexed to a report recently submitted to the House of Representatives from its Committee on Manufactures, containing an estimate of the agricultural products of other States, annually consumed for subsistence or manufacture, in the State of Massachusetts. These products consist of cotton, flour, Indian corn, beef, pork, bacon, hides, leather, tobacco, and numerous other articles of agricultural produce, the growth of other States of the Union, annually imported into Massachusetts, and amounting, in the aggregate, to $40,741,150. This estimate, for a single State, may serve as a sample, to give us some idea of the extent to which the agricultural Suites of the West and the South find a market for their various productions in the manufacturing States of the East and the North. But of the intimate connexion and mutual dependence which bind together all the great branches of national industry—agriculture, manufactures, commerce and na¬ vigation—no proofs in detail can be needed. You cannot wound one, without inflict¬ ing an injury on the rest; and any sudden innovation in the laws to which the manu¬ facturing industry of the country owes its present prosperity, would give a sympathetic shock to every ether interest and pursuit, while, at the same time, it would derange the finances, and endanger the credit of the Government. Having thus stated the considerations which determine my judgment against any dis¬ turbance, at present, of the act of 1842, I might here close my remarks. But having * Adam Smith. Wealth of Nations, B. r. chap. ii. 23 observed with deep regret, the marked antagonism in which two of the most distin¬ guished States of this confederacy, South Carolina and Massachusetts, have been con¬ stantly placed towards each other, and the sharp words of recrimination and complaint exchanged between them during the progress of this debate, in regard to interests pecu¬ liarly cherished by each, I have supposed it might not be without its use, in moderating the violence of these collisions, to recal the solemn compact entered into directly and particularly by these twa States, in the adjustment of those parts of the Constitution under which the interests alluded to have respectively grown up. I know, Mr. Presi- sident, the dangers which attend the office of mediator, in family quarrels; but the piece of constitutional history to which I refer, is in itself so curious and instructive, and in¬ culcates, through the remembrance of the past, so just a lesson of mutual forbearance and moderation, that I trust to be excused for entering into some development of it. By the first draft of the Constitution, as it came from the hands of the committee of detail, in the convention, Congress was invested with the general power to "regulate- commerce with foreign nations and among the several States." Out of the generality of this grant, however, certain exceptions were made and restrictions imposed, by two subsequent sections of the instrument. By the first of these sections (4th sec. art. 7) it was declared that " no tax or duty shall be laid on articles exported from any State; nor on the migration or importation of such persons as the several States shall think proper to admit ; nor shall such migration or importation be prohibited.,' Thid se¬ cured to such of the States as desired it, the unlimited privilege of importing slaves, fr'ee from any control of Congress. By the other section referred to, (6th sec. art. 7,) it wah provided that " no navigation act shall be passed without the assent of two-thirds of thfr members present in each house." This put it out of the power of a mere majority bf the two Houses of Congress to pass navigation laws, in which the eastern and northerft States were particularly interested. In this state of things, Luther Martin, of Marylahd, moved to amend the first of the above-mentioned sections, " so as to allow a prohibition? or tax on the importation of slaves." This motion aroused an earnest opposition an'er, 1 S t 3, v, e learn that, at that time, the debt of the Van Burcn administration had been reduced to $26,742,949! Here are the items : 1. Debts existing before 1841, viz: Old funded debt, old unfunded debt, Treasury notes of the last war, certificates of Mississippi stock, debts assumed for the corporate cities of the District of Columbia, amounting in all to - - $1,560,861 16 2. Loans under these several acts, passed since 4th March, 1841, amounting to - 21,016,862 91 3. Treasury notes outstanding 4th March, 1841 . _ _ . 4,165,225 92 Total 20,742^949 99 Thus it will be seen that the Tariff of 1842, within one year after its passage, paid off $7,922,320 of " Democratic" debt, in addition to the current expenses, ordinary and extraordinary, of the pres¬ ent administration. The prospect for the present year is still more flattering. The Hon. George Evans, the able chairman of the Committee on Finance in the Senate, stated in his seat, on the last day of the late session, that the expenditures of the Government up to July, (the present month,) would be less than $21,000,000, and the receipts more than $27,000,000. He reminded the Senate that this was the first year since 1837 that the revenue had exceeded the expenditures, and declared his be¬ lief that there would be a surplus in the Treasury on the 1st January, 1845, of $10,000,000! The receipts from customs at New York indicate that the calculations of Mr. Evans will rather fall within than go beyond the truth. During the first half of the current year, the receipts into the Treasury, at New York, from cus¬ toms, contrasted with those of the corresponding months of last year, were as follows : 1843. 1844. January ----- $548,056 39 $1,876,614 68 February ----- 492,215 39 2,169,110 10 March - - - - - 967,148 48 1,698,527 72 April ----- 1,033,263 71 1,890,626 68 Mav ----- 950,843 43 1,868,674 56 June ..--- 654,743 74 1,918,044 15 . Total - - - - 4,646,271 14 11,421,597 89 Increase over 1843, $6,775,326, at one port, in six months! The receipts for the month of July were $1,914,339. During the week ending the 31st ultimo, the receipts amounted to $600,000— a larger amount than was ever received in one week before. Should the whole year do as well, it is estimated that the revenue from customs alone will this year reach Fonrr millions of dol¬ lars! This will not only pay the annual expenses of the Government, but go very far to liquidate the balance of the " Democratic" debt bequeathed to the Wliig Congress of 1842. Thus have the predictions of the Whigs been fullv realized. The whigs consider a Tariff necessary to reovlate foreign trade. The great bulk of the trade of this country is domestic. We learn from the census of 1840, that the value of the annual products of the United States is $2,000,000,000, f two thousand millions of dollars! J while the annual exports amount to only $100,000,000, f one hundred millions of dollars.' J The domestic trade is the true fountain of national wealth. It flows through regular channels, yields uniform and abundant rewards, requires no complicated legislative machinery to regulate it, and is not often subject to disorder from causes originating in itself. But the foreign trade, constituting only one-twentieth of the entire amount, is the prolific cause of embarrassment and difficulty. A reference to a few elementary principles will explain these difficulties. Every¬ man, be he merchant, mechanic, farmer, or laborer, will acknow ledge that, if he buys more than he sells, he will surely get into trouble. His credit may sustain him for a while, but in the end he will certainly fail. As with individuals, so it is with nations. A nation that buys more of the products of other nations than it can pay for with its surplus products will eventually be involved in commercial distress. The balance of trade will be against it, and, to pay this balance, specie must be shipped. If the currency is a mixed one, this departure of specie will cause the banks to suspend. With bank suspensions come scarcity of money, commercial distress, and the evils of a depreciated paper circulation. By applying these principles to our past history, we have a true solution of all our difficulties. Since the establisliment of the Government, the balance of trade, from excessive imports, has been uniformly against us. Hence, our situation has always been one of embarrassment. We appeal to facts. From official documents, presented to the 26th Congress, we learn that, for the period from 1783 to 1789, the balance of trade against the United States, in the excess of imports over exports, was near fifty millions of dollars!—that for the period from 1790 to 1807, it was a fraction less than two hundred and thirty mil/ionsof dollars!—for the period from 1807 to 1815, it was ninety- 7 two millions of dollars!—for the period from 1815 to 1838, it was more than four hundred and fifteen millions of dollars!—for the period from 1838 to 1840, it was more than one hundred mil¬ lions of dollars!—making an aggregate of nearly nine hundred millions of dollars for the period of fifty seven years! It must be borne in mind that, to pay this immense indebtedness, specie or pro¬ duce were required, and that every dollar of specie taken from the country was so much life-blood taken from the veins of the currency. What immense recuperative energies our country must pos¬ sess, to undergo such tremendous shocks, and yet not be overwhelmed! These facts explain the true cause of the memorable panics during the years from 1783 to 1789, from 1815 to 1817, from 1819 to 1823, from 1837 to 1841. No where is this matter better understood than in Great Britain; and it will be seen, from the fol¬ lowing authentic statistical statement, that she carefully avoids such disastrous results; while, for the jreriod of eight years, from 1831 to 1839, the balance against the United States was $235,278,605, for the three years, 183S, 1839, and 1840, alone, the balance of trade in favor of Great Britain was $2-37,227,414! The Whigs believe that the tariff will regulate this foreign trade, and check the exportation of specie. They again appeal to facts. What is the condition of the country since the passage of the tariff of 1842' The nation has sprung up as a young giant from his slumber; excessive importa¬ tions have ceased; domestic trade has revived, and the balance of trade has turned in our favor. All is life, health, activity. But the effect of the tariff upon the shipment of specie is particularly worthy of notice. During the year ending the 1st September, 1843, it brought back $20,623,232 to sustain the circulating medium of the country. Continue the tariff, and, of necessity, the cur¬ rency will be restored to a ftealthy condition, and we shall again have stability in the value of labor and property, without which, the general prosperity and national wealth must inevitafbly be pros¬ trated. The Whigs considfr a Tariff necessary to protect American labor. By the census of 1840, the amount of capital invested in American manufactures is stated at $267,726,579. Since the tariff of 1842, the amount has increased, and may be fairly estimated, at the present time, at three hundred millions of dollars ! To understand the importance of this interest, it will be necessary to enumerate some of the items. The paper manufacture, with its six hundred mills, employs a capital of $16,000,000. The cotton manufacture, with a capital of $25,000,000, consumes three hundred thousand bales, and turns out one hundred and fifty millions of yards, valued at $16,000,000. The wool growers, owning twenty millions of sheep, valued at $40,000,000, produce annually fifty millions of pounds of wool. The leather and shoe business employs one hundred thousand persons, whose productions are valued at $50,000,000. The iron interest yields $25,000,000, employing 51,405 laborers, with $18,762,990 of yearly wages. The sugar interest produces annually seventy millions of pounds. The salt manufacture has a capital of $6,000,000. The mining interest and the me¬ chanic arts complete the grand sum total. All of these great interests give employment to an aggie- gate of four millions of persons, including families, which is one-fifth of the entire population of the United States. The effect of the tariff in protecting these great and important interests is so well understood, that it would seem an insult to the intelligence of the people to explain it. There may be some, however, who have not examined the subject. We will therefore make a few remarks in elucida¬ tion of this important matter. Great Britain, with a population of twenty-four millions, employs in her manufactories five hun¬ dred thousand operatives, who, by the aid of machinery, exert the power and perform the work of one hundred millions of men, laboring with their own unaided efforts ! This power is considered sufficient to supply manufactures to the whole world. But the condition of the operatives is that of the veriest slaves on the face of the earth. They labor 16 hours a day for 8 or 10 cents, and at night lie on a bed of straw or a dirt floor. There are many causes to produce this state of things Labor is superabundant, from a redundant population—rent is high, from the heavy taxes on reai estate—bread is dear, from the corn laws, which enable the producer to monopolize the iparkct, and thus command his own prices. Thus the laborer is not a party to the arrangement of the vvages he is to receive. He is forced to take what he can get. In this country the state of things is dif¬ ferent. There is no surplus labor ; hence there is competition for every laborer's services. The country is thinly populated ; vast tracts of pure virgin soil still invite to tillage ; rents are low; bread is cheap ; employment can be obtained any where ; the laborer is a free man, protected by a free Government, possessing the right of suffrage, and looking forward to the time when he may him¬ self participate in the enactment of those laws under which he enjoys so many privileges. It is easy, then, to perceive that Great Britain, with her abundant capital and cheap labor, is en¬ abled, in the absence of restrictions, to drive our manufacturers out of their own markets. JIow successfully she has accomplished it, the history of the past tells with an eloquent voice. By the excellence and seeming cheapness of her fabrics, she has induced us to purchase, during the short period of our national existence, at least nine hundred millions of dollars more than we could pay for without entailing upon ourselves misery, embarrassment, and ruin. We have done this, too, although our country possesses, within itself, all those resources, in an inexhaustible degree, which -are necessary to supply every want of man in a natural or social state. 8 The question, then, is, shall England be permitted to bring the products ol'her pauper labor in¬ to competition with the free labor of the United States ' Did she permit our products to enter her ports free of duly, the aspect of the case would be altered. But free trade has no existence in Eng¬ land. It is by means of her protective tariffj in many of its features prohibitory, that she supports her present unwieldy grandeur ; and without it she would soon topple to her fall. \\ hat do her own statesmen say of free trade? It was but the other day that the Duke of Wellington remarked in the House of Lords : "That when free trade was talked of as existing in England, it was absurdity. There is not ' and there can be no such thing as free trade in this country. We proceed on the system of pro- ' tccting our own manufactures and our own produce—the produce of our labor and our soil—of 'protecting them for exportation, and protecting them for home consumption ; and in this universal 'system of protection, it is absurd to talk of free trade." Acting upon these principles of universal protection, the English Government have imposed the following duties on American products : on salted beef, GO per cent. ; on bacon, 109 per cent. ; cm butter, 70 per cent. ; on Indian corn, 32 per cent. ; on rosin, 76 per cent. ; on sperm oil, 33 per cent. ; on sperm candles, 33 per cent. ; on tobacco unmanufactured, 1,000 per cent. ; on to¬ bacco manufactured, 1,200 per cent. ; on salted pork, 33 per cent. ; on soap, 200 per cent. ; on spirits from grain, 500 per cent. ; on spirits from molasses, 1,600 per cent. ! The average duty on these articles is 355 per cent. ; the average duty upon the great agricultural staples, under the tariff of 1842, is only 50 per cent. ! The average of our exports ol tobacco to Europe for 1839 and 1840 was §9,225,000 for each year ; and the average duties imposed for each year by Euro¬ pean Governments was §32,463,000, or 350 per cent. ! The duties collected in Europe on Amer¬ ican tobacco amount to nearly $35,000,000 annually, being much more than enough to support our Government under an economical administration. In view of qll these facts, the Whigs maintain that free trade means nothing but equal trade or, in other words, that if one nation taxes our products, we must levy an equal tax upon its pro¬ ducts. As the English and other nations, therefore, have placed heavy restrictions upon American products introduced into their markets, they think we are bound by self-respect and self-preservation to lay such a tariff upon their products as will make the trade equal between us. The Whigs maintain that thf. Tariff is beneficial to the agriculturists. The following duties are laid by the Whig tariff of 1842 upon agricultural staples introduced from abroad into this country ; on cotton, 3 cents per pound ; on wool, 30 per cent, and 3 cents per lb. ; on beef, 2 cents per lb. ; on pork, 2 cents per lb.; on bacon, 3 cents per lb. ; on lard, 3 cents per lb. ; on cheese, 9 cents per lb. ; on butter, 5 cents per lb. ; on potatoes, 9 cents per bushel; on flour, 122J cents per barrel; on wheat, 25 cents per bushel; on oats, 10 cents per bushel; on hemp, $40 per ton. The average ad valorem duty upon these thirteen great staples is 50 per cent-, which is a positive substantive protection to that amount. And let it be remembered, that this is a higher average protection than is given to American manufactures. But the protection of manufactures is the protection of agriculture. Each one of the four mil¬ lions of persons engaged in manufactures consumes, upon a fair estimate, not less then 124 cents of agricultural products a day. They raise nothing themselves, but purchase every thing they con¬ sume in the way of prime necessity. By this means alone a home market is found for nearly one hundred and eighty-three millions of dollars of agricultural productions annually. Add to this the capital invested in lands to supply the raw material, which has been estimated at three thousand millions of dollars—the capital invested in mines and in the mechanic arts—and we can readily per¬ ceive, the magnitude of the benefits of a protective tariff' to the agricultural interests of the country- But this subject is of such importance as to demand a more thorough examination. We propose, therefore, to show that protection is beneficial to agriculturists in three different ways— 1. By creating a home market for the surplus products of agricultural labor. 2. By creating a market for the raw materials used in manufactures. 3. By excluding European produce from American markets. 1. By creating a home market for the surplus products of agricultural labor.—From the cen¬ sus of 1840, we learn that the aggregate annual value of the agricultural products of the United States is as follows : Articles. Value. Wheat, corn, oats, and other grains Beef, swine, and other live stock Potatoes, hops, hay, &c. Butter, cheese, and products of the orchard Garden produce - Forest products - $342,418,649 338,644,448 102,627,613 77,873,394 2,596,196 12,943,507 17,500,000 Wool, estimated at - Aggregate annual produce - 844,503,807 9 It is estimated that one-half of this amount is consumed by those who produce It. A market, then, is needed for more than four h undred miUions of surplus agricultural productions. To prove that this market is not to be found in Europe, we present the following table, which exhibits the aggregate amount of agricultural produce purchased of the United States by all the rest oj the world, for the years specified : Year. 1 Barrels of flour. 1 Barrels of beef. Barrels of pork. Value. 1814 . ■ 1 1 193,274 20,297 4,040 1815 - 862,739 13,130 9,073 1816 - 729,053 33,239 19,280 1832 - - { 864,919 55,507 88,626 $11,691,732 1833 - 955,768 64,322 105,870 13,723,246 1834 - 835,352 16,181 82,691 11,337,080 1835 - 779,396 38,028 61,827 11,838,085 1836 - 505,400 50,226 22,550 10,282,359 1837 - 318,919 28,076 24,583 9,349,532 1838 - 418,161 23,491 31,356 9,245,607 1S39 - 922,151 16,189 41,301 13,851,919 1840 - 1,897,501 19,681 66,231 18,771,075 1841 - _ _ _ 16,737,462 1842 " 1 - 16,472,424 From this table it will be seen that Ike whole world has never yet purchased, in one year, as much as nineteen millions of American agricultural produce. Nor is there any reason to ex¬ pect that a greater amount will be sold hereafter. A reduction of duties cannot produce that result; for the above table covers the periods 1816 and 1842, when the duties, under our tariff, were at their lowest. But the fact is, the amount sold does not depend upon low duties ; it depends upon the demand in the foreign markets, and upon the duties our productions have to pay to reach them. Great Britain, for instance, wants a certain amount of agricultural produce to supply the deficiency of her crops, and she will buy no more. If we supply her demand, we must pay 60 per cent, on the wheat we send to her market, 80 per cent, on the beef, and 68 per cent, on the pork. Now, in the first place, we cannot afford to pay these heavy duties ; and, in the second, even were we to make that sacrifice, she would not then buy of us, because she can get the same products at a cheaper rate from other countries, where, wages being lower, prices are also lower. It is very evident, then, that an adequate market for our surplus productions is not to be found abroad. With an annual surplus of more than four hundred millions, we have never yet sold to the whole world as much as nineteen millions. Where, then, are we to find a market for this sur¬ plus ' A protective tariff will eivE it to us. Already, under the influence of protection, four millions of persons have engaged in and are dependent on manufactures. These four millions, as we have seen, consume, at a very low estimate, nearly one hundred and eighty-three millions of agricultural productions annually. This is nearly ten times as much as the rest of the world has ever purchased of us during any one year ! Here, then, we have presented to us the very best of markets—a home market—our own people selling to our own people, unshackled by duties, un¬ trammelled by foreign legislation. Continue the tariff and, as manufactures flourish and increase, this most admirable of all markets will be widened and expanded, until the entire amount of our surplus agricultural productions will be consumed at home. But repeal the tariff, take away protection, and what will be the effect ? The $300,600,000 of capital now invested in manufactures will be withdrawn, to seek investment in agriculture, and will yield, at a moderate calculation, $250,000,000 of produce annually. The 800,000 operatives now engaged in manufactures will be forced to the cultivation of the earth for a maintenance. Each one of them will produce $410 annually of agricultural staples. What, under this state of tilings, will be the amount of agricultural productions annually ' The following statement will show : Present aggregate production ------ $844,503,807 800,000 persons, at $400 each ------ 320,000,000 Produce of capital now invested in manufactures - 250,000,000 1,414,503,807 The annual products will be more than fourteen hundr d millions of dollars ! Of this, one-half will be consumed by those who raise it. This will leave a surplus of more than seven hundred millions of dollars for market. But where is the market to be found for it ' The market once af¬ forded by the manufacturers has been destroyed. That class have become sellers, and are no longer buyers. Do you look to the foreign market ? We have already seen that the whole world has never yet purchased of us as much as nineteen millions in one year ; will it now purchase more than seven hundred millions ' If, then, no market is to be found for this immense amount of over- 10 production—for such it unquestionably would be—what will be the result' It would become perfectly worthless, valueless, a dead loss, falling on the hands of the farmers, and eventually ruining them. Any one at all familiar with the fall in price consequent upon an over-supply will confirm this assertion. 2. By creating a market for the. raw material used in manu factures.—A large amount of raw materia; is annually required by the manufacturing establishments of the United States. This ma¬ terial is raised by the farmers of the country, and if protection is withheld from the manufacturers must cease to be produced, because the demand for it must cease. The articles of wool, hemp, and silk, alone, are raised in the United States to the following amount : Wool, 50,000,00(1 lbs , at 05 cents $17,500,000 Hemp and flax --------- 11.400,000 Silk, 400,000 lbs., at $5 2,000,000 Aggregate - 30,900,000 We sec, then, that, under the present system, a home market exists for nearly thirty-one millions annually of raw wool, hemp, and silk, alone. Withdraw protection, admit the wool, hemp, and silk, raised by tire pauper labor of Europe, into our markets, and the American articles must at once give way to the European ; the demand for the raw material must cease, the supply fall off, and the American farmers eventually lose thirty-one millions of dollars annually. But the entire amount of raw material consumed in the United States is, according to the census of 1840, $161,000,000. By adopting the same mode of reasoning, it may be easily seen that the withdrawal of protection will cause an actual loss to the farmers of the country of that very large and important sum. Let it be remembered, then, that the farming interest will suffer immensely by the repeal of the Tariff of 1842. There is every probability that the great Southern staple, cotton, will soon require the protection of 3 cents per pound, which, according to the free trade men, is now unnecessarily extended to it, but which they have invariably demanded for it. It is useless to conceal the fact that Great Britain is striving to supply herself from other sources than the United States. Already she has received large supplies from her own dominions in India, from Egypt, South America, and Texas. During the year 1841, 273,6:37 bales of India cotton were imported into England ; and it has been esti¬ mated that this amount was increased to 600,000 bales in 1842. A distinguished writer estimates that in a very short time 200,000 negroes will be removed to Texas. Each of these, from the su¬ periority of the soil in Texas, will raise three thousand pounds of cotton. This will bring into the market an enormous amount of Texas cotton, of the finest staple in the world. Is it not, then, sound policy to build up our manufactures by extending to them protection, and thus provide a market at home for ttie Southern staple, when it shall no longer be able to maintain its ascendency in the markets abroad ? Nor is the amount of raw cotton already consumed by our manufactories an item to be overlooked. In 1825 their consumption was 100,000 bales; in 1842 it was increased, under moderate protection, to 300,000 bales—a ratio of increase three-fold greater than the in¬ crease of British cotton manufactures during the same period. These are important considerations, and demand the attention of every- Southern man. 3. By excluding European produce from American markets. No one will deny, that when agricultural products can be produced cheaper in Europe than in the United States, the foreign producer will be able to undersell the American farmer. Now, wheat is an important staple, in which our farmers are largely interested The following statement will show that the fanners along tire shores of the Baltic and Black seas, in consequence of lower rates of wages, can produce cheaper wheat than our own farmers: 1829. 1830. 1833. 1835. 1838. Cents. Cents. Cents. Cents. Cents. Dantzic ------ 86J 82 72 * 55^ 664 Hamburg - 87 63 60 45 56 Odessa - . - 60 56 57 56 New York ...... 138 114 120 ! 136 165 From this it will be perceived, that while for the years specified the price of wheat at New- York ranged from $1 20 the bushel, the lowest, to $1 65, the highest, the price at Dantzic, Ham¬ burg, and Odessa, the great wheat marts of Europe, ranged from 45 cents to 87 cents the bushel. What, then, but the duty of 25 cents per bushel on wheat prevents the fo eign producer from en¬ tering the American market, and underselling our own farmers' Nor has this always been sufficient; for, at several periods, foreign wheat has been introduced into this country, paying the duty of 25 cents, the freight, and charges, and yet underselling the product of our own farmer. In 1835, the wheat imported was - 238,769 bushels- In 1836, do do - 583,898 do. In 1837, do do - 3,921,259 do. In 1838, do do .... 894,537 do, 11 But these were periods ot' comparative scarcity at home and great abundance abroad. The duty of '25 cents is adjudged sufficient, as a permanent protection, for a series of years. It cannot be de¬ nied that it has protected our farmers heretofore, and will protect them hereafter, unless repealed, which is inevitable, should the miscalled "Democratic" party succeed in getting into power. So much for wheat. There can be no doubt that the duty of 9 cents per bushel, or 36 per cent ad valorem, on pota¬ toes, prevents the introduction of that article in immense quantities from abroad, and encourages the American producer. In 1841, 46,448 bushels of potatoes were imported into Boston alone; and, but for the duty, our markets would unquestionably be overstocked with potatoes of foreign growth. The protection of 46 per cent to wool, by the tariff of 1842, has reduced the amount of imported wool, and thus encouraged the American growth. This will be seen from the following statement: Under the low duties of 1840, the amount of common wool imported was 594,748 pounds, worth $171,067; in 1843, with the duty of 40 per cent., the importation fell off to $210,570 pounds, worth $66,387. These are some of the, great benefits which the American farmer derives from protection. We have no room for further details; but the influence of protection upon other agricultural staples is sim¬ ilar, and of equal extent. From this exhibition of facts, every farmer will see how important the tariff of 1842 is to his interests. When he once sees his true interest, of course he will strive to protect it by resisting the repeal of the tariff. There is only one way to do this: it is by voting against the leader of the party which is pledged to its repeal; in other words, by voting against James K. Polkl The Whigs .uatxtain that, uxurn the tarih, prices are reduced, while wages are increased. It is very commonly urged by the enemies of a protective tariff, that it enhances the price of ar¬ ticles of consumption, thus imposing a tax on the consumer ; or, as it has been sometimes ex¬ pressed, that ttie price of an article is increased by the amount of the duty laid upon it. To prove the fallacy of these positions, we might take up article after article, on which the system of pro¬ tection has operated, and show that the price has almost invariably fallen since the tariff of 1842 went into operation. But we have no room, in the narrow compass allotted to us, to entertain this interesting subject so much in detail. We will therefore submit a certain number of facts—per¬ haps not a tithe of those at our command—which, we have no doubt, will he sufficient to satisfy every reasonable man. Facts are stubborn things, and cannot lie, if faithfully presented. Theories are light and airy creations, more frequently without substance than with it. It is very plausible indeed to argue the increase of the price of an article by the amount of the duty laid upon it. Nothing could seem more natural, from a casual examination of the subject. But what is the fact' Examine the following statement of duty and price, taken from a Boston price current : Duty. Price. Cheese - - - - 9 cents per lb. 5 cents per lb. Lead - - - -3 cents per lb 3^ cents per lb. Nails .... 3 cents per lb. 4l2 cents per lb. Common shirting - - 6 cents per yard 6 cents per yard. Sheeting - - - - 6 cents per yard from 4 to 7 cents per yard. Here, th ai, we see that cheese sells at Boston for 5 cents per lb., while the duty on it is 9 cents per lb. ; an J so with the rest of the articles. Now, if the theory was correct, a pound of cheese at Boston ought to cost 14 cents. Behold, how easily a theory is refuted by a fact! We think the effect of duty, in reducing price, may be made very evident. Take, for example, the article cheese. The price of this article depends upon the demand and supply. If the sup¬ ply from abroad is abundant, when a duty of 9 cents per lb. is laid upon it, of course, importa¬ tion will be checked, and the supply fall off. Now, if the demand continue the same, with this diminished supply, the price of cheese must inevitably rise. But here a new element enters info the calculation. As soon as the foreign supply is checked, our own citizens, with an article of equal quality manufactured at home, come into market to fill up its place. Thus the supply is con¬ tinued, and the price remains the same. In a very short time a competition springs up as to who shall sell the best article at the lowest price. Immediately the price of the article will fall, and con¬ tinue to fall until it is sold at the lowest price at which it can be made. This is the mode in which duty affects price,- and it should be remembered, that when the supply comes from home, the money paid for it remains at home, and every day adds to the wealth of the nation. Now, let us return to the general argument, that prices are enhanced by a protective tariff. Upon this subject we have two kinds of evidence—prices current, carefully prepared by intelligent merchants in different parts of the United States, and statements submitted by "Democratic" tariff advocates at the late session of Congress. We will commence with the latter first. We present, then, the following from Mr. Brodhead, a "Democratic" member of Congress from Pennsylvania. Extract from a speech of Mr. Brodhead on the Tariff, April 27, 1844. "Iam prepared to show that the price of coal and iron is now less than it was before the pas¬ sage of the act of 1842, which increased the duty from $1 26 to $1 75 per ton on coal, and on iron in about the same proportion." 12 " Now, sir, hero are the prices at which it (coal) sold before and after the passage of the act of 1842 in the principal mdrkets : Year. Philadelphia. New York. Boston. 1841 $5 00 $7 50 $7 00 1842 - 5 00 6 12* 6 25 1843 - 4 25 4 50 6 00 1844 - 4 00 4 25 5 75 " The same thing may be said in regard to iron and other products of domestic manufacture. I have a table before me, showing the prices of iron from 1794 to the present time, by which it ap¬ pears that Pennsylvania iron was never as cheap as it is now. These statements show that, in re¬ gard to any production of industry, when the supply of the raw material is ample, the ingenuity, industry, and enterprise of our people, will, by the effects of domestic competition, bring down the price to the consumer to the lowest point at which human labor can effect the object without loss ; and that very shortly after the dread of foreign interference is taken away. The iron men of this country have always had to contend with a heavy and sometimes ruinous competition, caused by the large amount of the poor English article brought into our markets. So, too, with our mechanics. Our people engaged in the coal trade cannot compete with the English and Welsh coal, if the duty- is reduced nearly one-half, as is proposed by the present bill, and will be obliged to resign our markets to foreigners ; and then the price will go up to eight or ten dollars per ton again." This is sufficient for the coal interest. In regard to the great iron interest, Mr. Bidlach, another " Democratic" member from Pennsylvania, submitted the following statement, with the accompany¬ ing remarks : Extract from a speech of Mr. Bidlach on the Tariff. "The inexhaustible stores of iron and coal spread throughout the vast expanse of this wide Republic will always prevent any danger of combinations among the domestic producers to demand unfair prices from the community. The present tariff" may have lessened importations, and thereby given a more extensive home market to our producers, and thus operated to their advantage ; but that it has not enhanced the prices, will appear from the following extracts from the commercial list of Mr. Childs. " Turn to August, 1841 and 1842, and February, 1844, and give us the prices of iron at the said dates, respectively. I have it, sir, and answer as follows : English bar iron American bar iron American bar iron, rolled English bar iron American bar iron American bar iron, rolled English bar iron American bar iron American bar iron, rolled August 21, 1841—before the Tariff. August 6, 1842. February 10, 1844—since the Tariff. $75 00 to $82 50 per ton. 72 50 to 77 50 " 75 00 to 82 $65 00 to 72 50 to 80 00 to 50 67 50 75 00 $60 00 to 70 00 to 65 00 to 85 00 65 00 75 00 70 00 "The two former dates show the prices of iron prior to the commencement of the present tariff) and the latter date shows the price now, while the tariff is in full operation. The result is, that iron is cheaper now than it was before the present ' heavy duty' was laid upon it ! " This is "Democratic" evidence enough for our purposes. It proves, beyond the possibility of a doubt, that the prices of the important articles, coal and iron, have been reduced, instead of in¬ creased, by the Whig tariff of 1842. We will now present the testimony of the prices current; and, to prove that the reduction of prices is not confined to one point of the Union, we will select three cities, Boston, Baltimore, and Augusta, Georgia, which are widely enough separated to indicate the general decline of prices since the Whig tariff went into operation. 13 TABLE I. Prices of cotton goods and leather at Boston, before and after the passage of the late tariff. Articles. Shirtings, 27 inch, per yard Shirtings, 30 inch, per yard Sheetings, 37 inch, per yard Sheetings, 40 inch, per yard Sheetings, 36 to 38 inch, per yard - Drillings, 30 inch, per yard Jeans, 30 inch, per yard Leather, Philadelphia city, per pound Leather, Baltimore, per pound Leather, New York, red, per pound I-eather, Boston, red, per pound Leather, Eastern dry hides, per pound Average per cent. - Aug. Jan. Aug. Oct. Jan. Aug. Jan. Fall 1841 1842 1842 1842 1843 1843 1844 p.ct. cts. cts. cts. cts. cts. cts. cts. .. H 5j 54 64 44 54 54 8 - 6f 64 64 54 5-1 64 3 - n n 7 J 74 74 64 '§ 4 - 9 i 9 8 8 8 64 9 a - 74 74 74 H 64 64 64 6 - 94 H 84 74 74 74 84 13 - 14 12 104 104 104 n 94 32 - 31 31 27 27 254 254 24 22 - 294 294 27 27 26 254 234 20 - 23 23 184 184 18 18 17 26 - 23 23 194 194 19 19 18 20 - 21 21 174 174 16 17 16 23 - — — ~ — — 154 TABLE II. Relative value of sundry articles, made up from actual sales at Balti¬ more, in 1841, when the tariff ranged the lowest, and in 1S44, under the present rates of duties. Domestic goods. January I, 1841. January 1, 1844. Cotton osnaburgs, per yard -»*--- 8 to 10 cts. 64 to 74 cts. 3-4 brown shirtings, per yard - 6| to 84 " 44 to 64 " 4-4 brown shirtings, per yard ~ 84 to 11 " 64 to 84 " 6-4 brown sheetings, per yard - 11 to 144 " 84 to 104 " The prices of bleached goods have changed in the same ratio. Domestic prints, (staple styles,) 124 to 18 cents—84 to 1cents ; domestic cloths and cassimeres and satinets reduced not less than 33 j per cent. The effect of the tariff on calicoes or prints is probably as great as on any other article. During the year 1840, large quantities of British prints were imported, that cost from 22 to 28 cents per yard : in 1843, prints of as good quality were produced in this country as low as 15 cetts per yard, which entirely excluded British prints from our markets. Articles. In 1841. In 1843. Cast hollow ware, per pound 4 cents. 3 a 3A cts. Flat iron, per pound - - 7 cents. 5J a 6j << Anvils, per pound - - - 12J a 16$ cts. 9 a 14 Vices, per pound - - - 15 a£ 0 " 10 a 14 « Scythe blades, per dozen - - 16 14 (S Weeding and hilling hoes, per dozen - - 3 a 8 " H a 6A a. Nails, Richmond made - 5 a 5i " 31 a C «« Carpenter's knob locks average full 33 j per cent, less in 1843, stock locks full 20 per cent. less, table knives and forks and pocket knives 33( less, spades and shovels 20 per cent, less, trace chains 5 per cent, less., cross cut and mill saws 12J per cent. less. 14 TABLE III. v? list of prices at dlugusta, Georgia, on some of the most important arti¬ cles of consumption, before and after the passage of the tariff act of 1842, compiled from the prices in the month of September, in each year. Articles. Iron, Swedes and Russia, per pound - Nails, cut, id. to 40 $1 75 pr. gr's 5 225 225 19 T A RIFFS—Continued. Duties by the several acts of Names of articles. 1816. 1824. 1828. 1832. 1842. Demijohns, \ gallon to 3 gallons - per No. 20 p. c. 25 25 25 15 to 20 Glass bottles, to 1 quart per gross 144 200 200 200 300 Glass bottles, over 1 quart 4 4 20 p. c. 250 250 225 400 Playing cards per pack 30 30 30 30 25 ~ Window glasg, not over 8 by 10, per 100 sq. ft. 250 300 300 300 200 Window glass, over 8 by 10, and not over 10 by 12 - per 100 sq. ft. 275 350 350 350 350 Window glass, over 10 by 12 44 275 4 to 500 4 to 500 400 600 Fish, dried or smoked per quintal 100 100 100 100 100 Fish, salmon per bbl. 200 200 200 200 200 Fish, mackerel or herring 44 150 150 150 150 150 Fish, all other 1 4 100 100 100 100 100 Shoes and slippers, silk per pair 30 30 30 30 25. Shoes, prunella 44 25 25 25 25 25 Shoes, leather, &c. - 44 25 25 25 25 30 Shoes, children's 4 4 15 15 15 15 15 Boots and bootees _ (4 150 150 150 150 125 Wool, costing over 8 cents - per lb. ^ Over 10 Under 10 30 p. c. 15 p. c. 7 50 p. c. S & 4 cts. 40 p. c. & 4 cts. 23 p. c. & 4 cts. Wool, costing over 7 cents per lb.* >< - - - - 30 p. c. & 3 cts. Wool, costing under 7 cents per lb. - " - - - - 5 p. c. Woollen yarn 4 4 25 33j - 50 p. c. & 4 cts. 30 p. c. & 3 cts. Merino shawls - per ct. 44 25 r 334 & 45 p. c. A 50 40 cts. Cloths and cassimeres 25 < 011 various V 50 40 Other woollen manufactures - < 4 25 C mini ma. J 50 40 Clothes, ready made - 4 4 30 30 50 50 50 Glass, cut - - per lb. 20 p. c. 30 p. c. 30 p. c. 30 p. c. Glass, plain and other .. _ & 3cts. & 3 cts. & 3 cts. 20 p. c. )>25to42 & 2 cts. j * The variations of the duties on wool cannot he expressed in the above table, owing to changes in the grade. By the Tariff of 1824, all wool costing over ten cents per pound paid 30 per cent, on its valuation; all costing under ten cents per pound paid 15 per cent. By the Tariff of 1828, all wool costing over eight cents per pound was taxed four cents per pound and 50 per cent, ad valorem; which rates, by the Tariff of 1832, were reduced to four cents per pound, and 40 per rent.; while all wool costing less than eight cents per pound was admitted free. By the present Tariff all wool pays three cents per pound and 30 per cent, ad valorem, except such as costs, when cleaned, less than seven cents per pound ; and this is taxed 5 per cent Extracts from a speech of Mr. Andrew Stewart, of Vennsxjloan'a,, delivered at Union/own, art the Sth July, 1844. " Mr. Polk says, in his letter to Mr. Kane, of Philadelphia, dated June 19, 1844, that he is for a tariff" for revenue, sufficient to defray the-expenses of Government; so is Mr. Calhoun. He says; ' I have heretofore sanctioned such moderate discriminating duties as would produce the revenue needed;' he voted for tire tariff" of 1832, (the only tariff" bill he ever voted for in his life,' except the Compromise bill;) and why did he vote for it' He tells you in his Tennessee speech; because it reduced the tariff'of 1828; not as much as he wished, but as much as was practicable at the time. "Mr- Calhoun is abetter tariff man than Mr. Polk. In 1816, he voted to increase the protec¬ tive duties; Mr. Polk has never voted to increase but always to reduce them. Next, Mr. Polk 20 says, lie sustained Ihe hill reported liy the Committee of Ways and Means, in December, lSHtt, (Mr. "Verplanek's bill,) making still further reductions of the act of 1828. This favorite bill of Mr. Polk's reduced every ad valorem duty, after 1855, down to 20, 15, 10, and 5 per cent., except one: the duty on coach lace was left at 25 per cent., wool and woollens at 15, worsted at 10, and certain cloths, kerseys, and blankets, 5 per cent. A bill which would have crushed at a blow every manu¬ facturer, laborer, fanner, and mechanic in this country—worse than the compromise bill, when it had run down in 1842 to 20 per cent, horizontal ; and infinitely worse—not half as good as Mr. McKay's bill of the last session ; and this is the hill that Mr. Polk boasts of having • assented to, and which he says made 'discriminations in the imposition of the duties which it proposed.' ^ c-t it discriminated with a vengeance. On wool and woollens (after 1805) from 20 down to 15, 10, and 5 per cent!—' small by degrees, and beautifully less.' This is Mr. Polk's brag bill■ This is what he calls ' fair and just protection to all the great interests of the whole Union.' 'Fair and just /' and who is riot for ' fair and just >' Who will say that he is for what is unfair and unjust' Mr. McDuffie says 15 per cent, is ' fair and just.' Mr. Polk says 16 per cent, (the average of Verplanek's bill) is ' fair and just' protection to all our great interests. Mr. McKay last winter said that an average of 80 per cent, was ' fair and just.' Every man says, of course, that his own views are 'fair and jusl.' Mr. Polk's definition of a 'fair and just tarifl' is worse than General Jackson's 'judicious tariff.' " But Mr. Polk has fixed and defined his own position. On the 3d of April, 1843, he said: '1 am for repealing the act of 1842, and reducing the duties to the rates at which they were on the 30th of June, 1842,' (20 per cent, ad valorem;) and according to his letter to Mr. Kane he is for it now. Thus we have Mr. Clay and Mr. Polk both fixed as to the precise amount of duty they are for on every article in the whole tariff. Take the Whig tariff of 1842, and you have Mr. Clay's bill; and take the tariff as it stood on the 30th of June, 1842, (20 per cent, horizontal,) and you have Mr. Polk's bill. " Now let us sec bow tlioy will operate when brought to bear on the people and their interests. 1 sec a great many mechanics and some manufacturers present. Well, gentlemen, give us your opinions of Mr. Clay's and Mr. Polk's : protection : Shoemakers - - Clay gives you 60 per cent., Polk 20 per cent. Hatters - '' 55 <4 20 44 Tailors - 50 ( A 20 (( Blacksmiths 45 20 Li Tanners - . " 44 20 4. Tinners - 43 i i 20 <4 ironmasters - - 525 per ton, S6 33 per ton. Wool manufacturers " 40 per cent. 20 per cent. Cotton manufacturers' - 140 < 4 20 44 Glass manufacturers 120 20 44 Paper manufacturers 80 20 Carpet weavers Farmers, on wool 45 * • 20 a 40 (A 20 4 A on spirits 155 k* 20 4 4 on wheat 40 20 on beef and pork 120 (A 20 i A on cheese 70 44 20 on coal " 411 44 20 <( ind to all others in the same proportion. Thus, those employed in every branch of industry can now judge for themselves. Flay secures the American market for the American farmers, manu¬ facturers, and mechanics. Polk gives it up to the British, or compels the American to comedown and xvork as cheap as the paupers of Europe, (from 12 to 20 cents per day.) Clay is for the American system, Polk for the British. This is the true state of the question, and it cannot be disguised or evaded. When the British and Americans are contending for the American market, the question is, which side will you take ? Such being the true state of the question, which should we prefer for President, James K. Polk, the champion of the ' British System,' or Henry Clav, the illustrious champion and advocate of the ' American System ?' " Clay is for the tariff of 1842, Polk for 20 per cent, horizontal. This is settled by their late let¬ ters—Mr. Clay's of the 29th of June to Mr. Cope, and Mr. Polk's of the 19th June to Mr. Kane, of Philadelphia. Can Pi:.vnsv lyania, unanimous with Clay for the tariff' of 1842, hesitate in her choice > Politicians and office seekers may—the people, the enlightened, patriotic, unsophis¬ ticated people, never. They will never commit suicide with their eyes open. When the great principles in issue—the tariff, distribution, and Texas questions—are clearly and rightly under¬ stood by the people, they will go against Mr. Polk and his British 20 per cent, tariff', his anti-dis¬ tribution, and his slavery and Texas annexation policy, by an overwhelming majority. Mark the prediction—mark it!" f. TARIFF DOCTRINE. Tar- time is approaching when the American people will be called upon to exercise that high prerogative of freemen, the elective franchise, in the selection of State officers, and also of a Chief Magistrate of the Republic. Having no political object in view, and seeking nothing but the general prosperity of the country, you will, I am persuaded, weigh every consideration which can bear upon the subject, and give your support to those candidates whose known views on ques¬ tions of State policy will best promote the general welfare of the State and nation. And permit me to say, there is no question of national policy which is more vitally important, and no one which will enter more fully into the approaching Presidential contest than that of the regulation of commerce. If we are lured by the syren song of "free trade" to open our ports, without restriction or charge, to the ships and fabrics of those nations which place restrictions upon our commerce, and embarrassments upon our trade, we shall throw our own artizans out of employment, and spread desolation and ruin through the community. On the other hand, if we adopt a wise system of discriminating duties, we shall check the importation of foreign luxuries, give employ to our own shipping, support to our own citizens; and, by encouraging industry in all its forms, we shall cause enterprise and prosperity to reign through the land. Every citizen, then, who has the good of his fellows or the prosperity of his country at heart, must give support to those candidates for office who will sustain the protective policy. THE CHARACTER AND TENDENCY OF THE PRESENT TARIFF. The present tariff was designed both for revenue and for protection ; it was enacted to meet the wants of the Government, and at the same time to encourage the labor of the country. The Whigs of 1842 saw the revenue of the country declining, and they felt called upon to do some¬ thing to sustain its sinking credit. They knew that Mr. Van Buren, during his administration, had expended annually eight millions of dollars more than the ordinary receipts of the Treasury, and they were impelled, by every consideration of economy and of patriotism, to make provision to meet the necessary expenses of the Government. They saw commerce declining—manufac¬ tures prostrate—agriculture deprived of its market, and labor of its reward. The wants of the Government, and especially the wants of the people, called aloud for relief; their voice was heard, and a Whig Congress passed a law for the benefit of the people. The protective system is de¬ signed not for the few, but for the many; not for one class, but for every class of our citizens. The merchant, the navigator, the mechanic, the artisan, the farmer, the day laborer, have each an interest in this policy, as direct and as immediate as the manufacturer. The protective system has reference to the industry of the country; and every man who depends upon his own labor for support has a deep interest in this question. It is true, that the action of the Government has induced many of our citizens to embark their capital in manufactures, and that more than $300,000,000 are now invested in that department of industry; and that every Government is bound to protect interests which its own policy has forced into being. But great as this interest is, it bears no proportion to the labor of the country. If we estimate only one-fourth of our population to be laborers, and call their wages only fifty cents per day, this would amount in a single year to more than twice the sum invested in manufactures. Labor is the great source of wealth and prosperity ; and that system which stimulates industry, and gives to the laborer the reward of his toil, is best adapted to the wants of the country. The protective system is purely democratic in its tendency. It fosters industry, and enables the poor man, who has no capital but his own labor, no surplus but what is found in his own sinews, to acquire a competency to support and educate his family. Already has the tariff given a new impulse to the industry of the country. Business, which had become stagnant, has revived; the busy hum of industry is now heard in the land, and every department of human enterprise feels the life-giving influence of the protective system. THE FRIENDS AND ENEMIES OF THE TARIFF. But as vital as the protective system is to the interests of the country, there are those among us who are hostile to it: and though its beneficial effects are rapidly developing themselves, there are not wanting those who threaten its repeal. The great parties of the day are divided upon this question. The present tariff is a Whig measure—introduced, sustained, and passed by a Whig Congress. And though a few Democrats voted for the tariff on its final passage, several of them had previously spoken and voted against it; and it is well known that they are now sustaining those for office, who have proclaimed their uncompromising hostility to the whole system. As the Conventions, to which the subject of selecting candidates for the Presidency is referred, have not convened, it does not become us to announce the candidates. But we will take Mr. Clay, who will undoubtedly be one, and another individual, who, whether he be a candidate or not, may be regarded as the exponent of his party on this subject. Mr. Clay has long been iden¬ tified with the protective policy; and in a letter recently written to Hon. I. A. Merriweather, of Georgia, he says : " I think the present tariff in the main right, and working much good." Here we have the opinion of Mr. Clay, which is the opinion of the Whig party. Mr. Van Buren has Printed at Gideon's office, Ninth street, Washington. 2 expressed his deadly hostility tj the present tariff. In a letter, dated Albany, Feb. 23, 1843, he says : " 1 have at no time, nor any where, kesit atcd to express my decided disapprobation of the fariff of the last session, as well in respect to the principles upon which it is founded, as to its details." Such arc the views of Mr. Van Buren, and the party to which lie belongs. Fellow-citizens, you must perceive, at once, that there is an essential difference between Mr. Clay and Mr. Van Buren on this important subject; a difference which is fundamental in its character. The protective policy is founded on the principle that government is established for &he good of the people; and that the main object of legislation is to guard the public interest, and promote the prosperity of the people themselves. But the anti-pretective doctrine is founded on the opposite principle—that the Government, in imposing duties on imports, should look to its own wan's alone. The Whig doctrine recognises the principle, that the Government is insti¬ tuted for the good of the people, and should protect their industry, while the doctrine of the self- styled Democrats is founded on the principle, that Government is instituted for its own sake, and has no duty which it owes to the people. This is the difference between the two parties; and what difference can be more fundamental 1 The one party makes the wants of the people the controlling consideration—the other the wants of the Government. The one makes the Govern¬ ment the agents of the people—the other makes the people the subjects, or rather slaves, of the Government. The former regards the Government as a means—the latter, an end. That is the doctrine of genuine republicanism ; this is the essence of despotism. THEE TRADE. The opposers of a protective tariff profess to be in favor of free trade. As there is something pleasing in the idea of free trade, let us see what it involves. In the tir6t place it requires that all duties whatever should be repealed, and that the public treasury should be supplied by some other means. And how can the wants of the Government be supplied 1 The proceeds of the sales of She public lands, which ought in justice to be distributed among the States, could supply but a small portion of the necessary revenue, if it were paid into the treasury. The doctrine of free trade, then, necessarily implies direct taxation; and are the people prepared for this 1 It is ad¬ mitted by those conversant with the. subject, that direct taxation would bear more oppressively upon the people than indirect. In the first place the cost of collection would be greater, as a host of new officers must be created for that purpose. Let us look at its operation upon the States. During the administration of Mr. Van Buren the aggregate expenditures, as shown by the Se¬ cretary's repor,t amounted to $ 133,411,853 ; being an average annual expenditure of $33,352,963. The cost of assessing and collecting is much greater in the case of direct taxes than in the pre¬ sent mode; there would also be a much greater liability to losses than the present system To realize a sum equal to the above average, you would be compelled to add to that sum $2,650,000, making, in round numbers, $36,000,000 to be assessed upon the people. By a provision of the Constitution, all direct taxes must be apportioned among the several States according to federal numbers. This, with the size of the present House of Representatives, would amount to $161,435 to each Representative. If we were to take the number of Representatives from each State as the basis of her federal numbers, which would be near enough for our present purpose, the tax would fall upon the several States as follows, viz: Maine - $1,130,045 Delaware $161,435 Tennessee $l,775,7S6 Sew Hampshire 645,740 Maryland 908,710 Kentucky 1,614,350 Vermont 645,710 Virginia 2,421,525 Ohio 3,390,135 Massachusetts 1,614,350 North Carolina 1,152,915 Indiana 1,614,350 Rhode Island 322,870 South Carolina 1,130,045 Illinois 1,130,045 Connecticut 645,740 Georgia 1,291,480 Missouri 807,175 New York 5,488,790 Alabama 1,130,015 Arkansas 161,435 New Jersey 807,175 Mi sissippi 615,710 Michigan 484,306 Pennsylvania 3,874,4 40 Louisiana 615,740 Let the tariff of duties be repealed, and the wants of the Government be supplied by a direct tax upon the people, and the glories of free trade would not only be seen, but felt. The wand of the magician could hardly reconcile the empire State to tue "annual tax of $5,488,000. Let Pennsylvania be called upon to contribute $3,874,000, from year to year, and she would crave the pardoning power of Governor Porter in good earnest. Subject Virginia to the annual pay¬ ment of $2,421,000, and she would feel that free trade was something more than an abstraction. Before South Carolina had paid her quota ($1,130,000) five years, she would call in nullification to her aid, and ask for a dissolution of the Union. The fact is, the indebted States could not, at the present time, meet such exactions. The free trade men of Indiana, and Illinois, and Missis¬ sippi, and Michigan, and Maryland, and some other States, who now complain so bitterly of the burdens of the tariff, would, under the system of direct taxation, soon learn that they had deceived themselves by wild theories, and would wish to return to the sober realities of a tried system. But if men will not learn wisdom, except bv bitter experience, let free trade come, and direct tax¬ ation follow in its train. Let the people suffer, if they must, until they learn that the tried path ef our patriot fathers is not to be abandoned to promote the interest of foreign importers. 3 A HORIZONTAL TARIFF OF TWENTY PER CENT. There are many of the Democratic party who advocate the doctrine of free trade, who dare mot follow it out in direct taxation. They say that they are in favor of a uniform duty of 20 per cent, on all articles. Now this is as far iemoved from free trade as our present system. In 1841, the free articles imported into the country amounted to $66,000,000, being about one-half the imports for that year; and if to these we add the articles paying less than 20 per cent., it would amount to considerable more than one-half of the imports for that year. Now, according to this notion of unrestrained commerce, one-half of our imports which have been free, or nearly so, are to be subjected to a duty of 20 per cent, which is as far from free trade as our present system. A uniform rate of duty is unreasonable and absurd in its very nature; it overlooks entirely the character of articles; loses sight of the distinction which should exist between luxuries and ne¬ cessaries ; and disregards altogether the interest of the labor of the country. The articles which are now admitted free of duty may be classed under two or three general heads. Drugs and medicines constitute a large class of the free articles. Now, what friend of humanity would desire to lay an additional burden upon the sick and unfortunate, by imposing a duty upon the medicine used for their recovery ? Another large class of free articles is made up of the raw materials used in manufactures. This is designed expressly to encourage manufac¬ tures, or, in other words, to promote the interests of the labor of the country. But the opposers of our present system would set at naught all these considerations; they would neglect the in¬ terest of labor, by taxing the raw material as heavily as the manufactured article; they would tax the medicine of sick men, and they would impose a duty upon tea and coffee, which are now free. These are some of the great blessings which our boasted Democrats would confer upon the poor and unfortunate—the sick and the dying. THE POLICY OF OTHER NATIONS. Free trade is not only impossible in the nature of things, but an attempt to adopt it would prove ruinous to our great interests. Suppose we should repeal our tariff'of duties, and blot from our statute book every act which gives a preference to American shipping, would this constitute free and equal trade? Take our commerce with England for an example ; we open our ports to her, and receive her commodities free of duty. What treatment do we receive from her in return! Does she open her ports, and receive our staples duty free 1 No! even in her revised tariff of 1842, she imposes duties which, if carried out ad valorem, would amount to the following rates, viz: Rosin - - - 76 per cent. Bacon - - 109 " Soap ... 200 " Spirits from grain - - 500 " Tobacco, unmanufactured - 1000 Tobacco, manufactured - 1200 " Spirits from molasses - 1600 Indian, corn, average - 30 per cent. Flour do - - 30 Sperm oil - - - 33 Sperm candles - - 33 Salted pork - - 33 Salted beef - - 59 Butter - - 70 Here is the free trade which Great Britain extends to us. She imposes 6uch duties as her own interest requires. Nor is the policy of England at all peculiar in this respect. Within two years, Russia, France, and the Prussian Commercial Union, have revised their tariffs, and increased their rate of duties. Even Mexico, a neighboring Republic, has, within the same peiiod, adopted a new tariff, which is absolutely prohibitory upon all articles which she can grow or manufacture. Among the prohibited articles are some of our great staples, viz: rice, flour, wheat, raw cotton, cotton yarn and thread, coarse cottons, hogs' lard, tallow, tobacco, &c. Now, does this policy of other nations afford us any encouragement to relax our laws, and the subject of discriminating protective duties 1 Shall we extend favors to other nations, when they ■withhold them from us! I trust that you are not so lost to every feeling of patriotism, as to de¬ sire to see our country made_tributary to the monarchies of the old world. While they pursue their present policy, and tax our staples from 30 to 1600 percent., 6hall we tamely submit, with¬ out making any effort to counteract the evil tendency of their measures! Fellow-citizens, as patriots you are not required to love other nations better than your own; and your duty to your¬ selves, nay, your self-respect, would require you to guard your own interests against the legisla¬ tion, as well as against the arms, of any foreign power. THE REASON WHY WE NEED PROTECTIVE DUTIES. We have already said, that the great ohject of discriminating duties is to protect the industry of the country against the pauper labor of the old world. Our laborers ask nothing but a fair field. On the ground of a just reciprocity, they have nothing to fear; but without protective duties the odds are fearfully against them. The two great items which go into productions of all kinds, are capital and labor; and in both of these the foreigner has a manifest advantage over our citizens. In England, and on the continent, capital is worth only three or four per cent., while in this country it is worth from six to eight. European labor costs from five to nine shillings per week, including board, while in this country labor costs nearly that per day. Under these cir¬ cumstances, how can the American manufacturer or mechanic compete with those of Europe! We want protective duties mainly to counteiact the influence of cheap capital and cheap labor, 4 Give us duties barely sufficient to make up these inequalities, and our farmers and mechanics— our manufacturers and navigators—or, in one word, our laborers—can contend, successfully, with those of any other nation. We, as a people, are peculiarly situated. Our vast unsettled country creates a demand for capital and labor, which raises them in value far above the European standard. We are sepa¬ rated from the old world by distance, and by the nature of our institutions. The leading charac¬ teristic of our country is, that our laborers are citizens—are freemen. This tends to elevate the working classes, and to secure t o labor its just reward. View the condition of our laborer as compared with that of Europe. The European manufacturer, in esti¬ mating the cost at which he can produce a fabric, inquires what is the lowest sum that will barely feed and clothe the laborer. He sets down nothing like profits to his laborers, but barely allows them an animal subsistence. But the American manufacturer must inquire, not what will barely feed the laborer, but what sum will give him .a comfortable support, and leave him fair profits. In Europe the laborer gets nothing but a miserable subsistence from day to day—in this country he must share, with his employer, the profits of the business, by the increased rate of his wages. This difference between the character of American and European labor constitutes the necessity for protective duties. If our laborers were like the serfs of Russia, or the paupers of England, compelled to labor for the lowest possible sum which would sustain their corporeal system, we might compete successfully with foreign manufacturers without protective duties. And do the enemies of the tariff wish to bring down the labor of this country to the low level of the European standard 1 This is the direct tendency of their doctrines; and it becomes the working men of the country, who, by being a vast majority, have at all times the destiny of the nation in their hands, to inquire whether those can be their friends who would reduce their wages, so as to de¬ prive them of the ability of supporting themselves and families. Laborers, the subject is sub¬ mitted to you, and we are willing to abide your decision. THE POOR NEED PROTECTION. It is a great mistake to suppose that the protective system is designed for any particular class of our citizens. Its advantages extend to all callings and employments, and no one derives greater benefits from it than the day laborer. By encouraging manufactures, and the mechanic arts, you create a demand for labor, and so enhance the price. Wages, like every thing else, depend upon the laws of demand and supply. When manufactures flourish there will be a de¬ mand for labor, and it is then that the poor man receives the greatest reward for his toil; it is then that his income is the greatest, and his labor brings him the most abundant return. Many of our hardy laborers have no property but their ability to toil—no capital but their own physical frame. Now, by protecting our own industry, we enable the poor man to earn a larger sum, and in this way we, to all practical purposes, increase the amount of his capital, or,kwhich is the same thing, make his present capital more productive. If the laborer, by the encouragement given to home industry, is enabled to cam thirty dollars a year more than he could have earned without this stimulus, we actually, for the time being, confer as great a favor upon him as though we had deposited $500 for his benefit, and secured the interest to his use. The laboring man, more than any other, has an interest in protection. The rich capitalist has less interest in this policy. His tens of thousands would perhaps yield him a greater return if labor was depressed, and the great staples of agriculture were rendered cheaper; but the honest laborer, who depends upon the fiuit of his own toil for the support of himself and family, has a direct personal interest in the price of labor. When business is depressed he is the first to suffer, and when it revives he receives the largest share of the benefits. Though Government is bound to sustain all its eitizens, and should, as far as possible, throw its protecting shield around every interest, yet its first care should be extended to the weak and defenceless; the poor man, more than any other, needs the fostering care of the Government. The rich man can, in a great degree, protect himself; but the man who earns his bread front day to day by the sweat of his brow—he it is who needs encouragement and protection from ait unequal foieign competition. Now the policy of the Whig party is designed and eminently calculated to give this protection, and thereby to sustain the poor and laboring classes; but the policy of the opposite party would build up the rich at the expense of the poor. If I were to devise a system for the express purpose of making the rich richer, and the poor poorer, I would adopt the very measures for which the self-styled Democrats contend. In the first place I would repeal the tariff, that our mechanics might be driven from their workshops, and our farmers be deprived of their home market; I would then destroy all banks, that the business of the country might be embarrassed as far as possible ; and then, lest money should be so plenty that the poor man might occasionally be enabled to obtain a dollar, I would re-establish the sub-treasury system, by which the small quantity of specie in circulation would be hoarded up in the vaults of the Government. Let this, the favorite system of Mr. Van Buren, be adopted, and the poor would be ground to the dust. THE AGRICULTURISTS NEED PROTECTION. As agriculture is the great interest on which every other must depend, no system would be perfect which overlooked the hardy cultivators of the soil, or left their wants unsupplied. And to the honor of our present system, it may be said, that this great interest—this parent calling is- 5 not neglected. Almost every article raised hy the farmer, is protected by a rate of duty not less than that enjoyed by the manufacturer. Among the protected articles may be mentioned—beef, pork, lard, bacon, tallow, hides, hams, butter, cheese, wheat, flour, corn, rye, barley, oats, beans, peas, potatoes, onions, flax, hemp, wool, cotton, tobacco, and rice, and the vegetables generally. This list includes almost every article the farmer has for sale, and they are protected by a rate of duty as high, to say the least, as is imposed upon articles, the product of manufacturers. On the great staples of agriculture, the duty ranges from 25 to 150 per cent.; and if we should adopt the anti-tariff doctrine, that the prices were increased to the amount of the duty, the rate would be much higher. There is another class of articles which enjoy a good protection, which have an immediate connexion with agriculture, and may be regarded as a bounty offered to the farmer. Among these are raw silk, pot and pearl ashes, and wood and lumber in all their forms. Besides this, the farmers are encouraged by the admission, free of duty, of animals for breed, and Plaster of Paris, used extensively as a manure. The duty on iron, lead, lime, bricks, &c., which has been complained of as bearing injuriously upon the farming interest, is, on the whole, promotive of that interest. These articles are used less by the farmers, according to their numbers and wealth, than by manufacturers and mechanics. The farmer also derives a direct benefit from the manufacture of these articles. The raw materials are all taken from the soil, and their presence in the soil enhances its value, and so promotes the great landed interest. The duty on coal tends to benefit the same interest, by increasing the value of the soil where it is found, and also by rais¬ ing the price of wood, which the farmer has to sell. Now, under these circumstances, will any one say that the interests of agriculture are not pro¬ moted by the tariff! Let the duty be removed from butter, cheese, potatoes, hemp, or even meat and grain in some seasons, and the influence would be severely felt. But the great benefit which the farmer derives from the tariff, relates to the market which it creates. It is to no purpose that the farmer raises produce beyond his own consumption, unless he can dispose of his surplus. And who are the consumers of this surplus! To whom does the farmer sell his butter and cheese, his meat and grain, and whatever else he may have for sale 1 Not to his brother farmers— they have enough and to spare. His great market is among the manufacturers and mechanics— the very class of men whose business would be destroyed by a repeal of the tariff. Our country is essentially agricultural, and the great difficulty the farmer has to contend with is, the want of a market for his produce. The encouragement given to manufacturers and the mechanic arts, takes a share of our citizens from agriculture, where they are producers, and converts them into consumers of agricultural products. By the late census, it appears that there were about 800,000 men engaged in manufactures. These, with their families and dependants, amounting to at least 4,000,000, are consumers of agricultural products. Will the farmers say that such a market is of no consequence to them! Let the tariff be repealed, and the manufactures of the country be broken down, and the benefits of the tariff would at once be seen and felt by the farming interest. They would not only lose their principal market, but these 800,000 manufacturers would be compelled to engage in agricul¬ ture, and become producers themselves. The natural and necessary effect of this would be to depress agriculture. A greater calamity could not befall the farming interest. Under these cir¬ cumstances, the very bounty of nature would cease to be a blessing; as the farmers would suffer pinching poverty in the midst of the greatest plenty. But when manufactures, encouraged by a suitable protection, flourish, there is always demand for agricultural products, at remunerating prices ; so that the cultivators of the soil receive their full share of the benefits of protection Manufactures, by increasing population, enhance the value of the soil, and promote the interest of those who cultivate it. " The price of land depends materially upon its proximity to a market. Go through the country, and you will see lands of the same intrinsic value, selling for agricultural purposes, at prices ranging from two dollars to two hundred dollars per acre, when the main consideration which affects the price is their situa¬ tion with reference to a market. Whenever or wherever a village springs up, from manufactures •or any other cause, the price of land is increased for miles around. Not only .do the great staples of agriculture increase in value by the proximitv of a market but a thousand little nameless artic/es assume a value unknown before. Gardening is introduced—milk is disposed of at grea profits—the summer and fall fruits, before nearly useless, find a ready market, and even the stones are converted into bread. This principle is clearly illustrated in the manufacture of iron. The ore is generally found in the interior, and at a distance from the seaboard market. The furnaces and bloomeries set up in the interior, consume a large quantity of provisions which, owing to their distance from a market, would otherwise be nearly valueless. From every view we can take of the subject, it appears that the great farming interest of the country, derives as much benefit from the protective system, as any other whatever, the common laborers only excepted. THE MANUFACTURERS NEED PROTECTION. This proposition hardly requires an argument for its support. We have already seen that the foreign manufacturer has the advantage in the price of capital, and the price of labor; this enables him to furnish his fabric at a lower price than the domestic manufacturer. Though no uniform rule can be adopted, as a general thing, taking every species of manufacture, it would not be far 6 from the truth, to say that labor constitutes one-half of the value of manufactured articles in this country. Take an article which costs our manufacturer $1, fifty cents of this is the cost of the labor. Now as labor in England and on the continent costs not more than one-third of that sum, say 1? cents, it is manifest that the article can he produced there for 33 cents less than it can bo here ; and if we take into view the worth of capital in the two countries, thu foreigner will have a still greater advantage. But even this advantage of 33 cents on 67, would be equal to an ad valorem duty of 49 per cent. But there is another consideration which must not be overlooked. Every person acquainted with the subject knows, that the commercial world is not exempt from reverses. When a season of pressure comes over the community, and prices decline, the foreign manufacturer has an advan¬ tage over the domestic. The foreigner can reduce the price of his labor. He says to the opera¬ tives, the market is glutted, prices have gone down, and I must dismiss you at once, or you must submit to a reduction of wages. Now what will follow in such a case? Why, his laborers must submit. They are dependent upon their labor for their daily sustenance, miserable as it is. They cannot leave their present employment and go into agriculture, for that calling is already full, and wages are as low there as in manufactures. Thus the laborer is induced, or rather compelled, to submit to a reduction, and so the manufacturer goes on, producing the article at less than its ordinary cost. But it is not so with the American manufacturer. When overtaken by the same season of pressure, and decline of prices, he is compelled to stop his works. His laborers will not submit to a reduction. The moment it is proposed to reduce their wages, at a rate corresponding with the reduction which has taken place in Europe, the laborers will leave the mill or the workshop, and engage in agriculture. The low price of land, and the vast uncultivated regions with which our country abounds, enable the laborers at any time to obtain a living from the soil. I state these things, not by way of complaint, but rather as a matter of rejoicing. Our laborers are free men, and are able to support themselves and families in one calling, if not in another. But while we rejoice at the independent condition of our laborers, we should not close our eyeS to the effects of the high price of labor. We have seen that the foreign manufacturer can continue his works through a season of de¬ pression, because he can reduce the wages of his operatives; but the American manufacturer can¬ not do it—consequently, he must suspend his operations and close his mills. Thus, while our manufacturers are struck down by a pressure, the foreign manufacturer will go on producing at a cheap rate, and when the times improve, he will throw his goods into the market, and obtain a fair profit on the ruin of our manufacturers. This advantage of the foreigner over the domestic manufacturer, grows out of the character of American laborers. And does any one wish to see this character destroyed, and the free independent laborers of this country brought down to the low level of foreign labor 1 Who will have the hardihood to maintain, that the laborers in this free country—the citizen of this enlightened Republic—ought to be so depressed and degraded, as to be put entirely within the power of their employers 1 I had rather our manufactures should perish, and our Lowells and our Pittsburgs become waste places, than that such a calamity should fall upon the laboring classes. This evil, fellow-citizens, can be averted only by protecting our own industry. THE MECHANICS NEED PROTECTION. In nothing do the opposers of a protective tariff more frequently err, than in supposing that protection is needed only for the large manufacturing establishments. The fact is, that the large establishments have less need of protection than those private individuals who manufacture in a small way. And all our mechanics are to be considered as manufacturers, and stand in need of protection as much as any other class. The common shoemaker, who supplies the little circle around him, needs a protective tariff as much as the manufacturer of cotton or wool. Remove the duty on ready made clothing, and not only your tailors, but your seamstresses—the wives and daughters and sisters of many an honest laborer—would be thrown out of employ. Abolish your tariff, and your wheelwrights and carriage makers would find their business essentially im¬ paired ; for, without duties, our rich men would import their carriages from abroad. It is a great mistake to suppose that the tariff is designed for capitalists, and the large manufacturing estab¬ lishments alone. The poor mechanics of the country—those who possess but small means, and who are obliged to turn their labor to immediate account—they are the class who need, and who deserve, protection more than any other class of manufacturers. We have thus endeavored to show that all classes—the farmers, the manufacturers, the mecha¬ nics, and especially the laborers—have a vital interest in the protective policy. We may in one word say, that the industry, the labor of the country, requires protection, and that to withhold it would be doing violence to every interest. But I am aware that great efforts have been made, by designing men, to create a prejudice against this system. The farmers have been told that a tax is imposed upon them to build up the manufacturer in wealth and splendor; but whoever will look at the subject with any degree of attention, may satisfy himself that tho farmer and mechanic are benefitted as much as the manufacturer. Nor is it true, as has frequently been said, that manufacturing capital is pecu¬ liarly productive. At one time the manufacturer is enabled to make large dividends, and at ano- 4 7 ther none at all. Take the two great departments of cotton and wool, and I venture to say that the net proGts on these investments, from the first, have not amounted to 4 per cent, per annum. THE EFFECT OF THE TARIFF UPON PRICES. The tariff is frequently objected to on the ground that it increases prices, and operated pecu¬ liarly hard upon the poor man. Whether this objection is well founded, will be seen by tha following comparison of prices. There is no article of manufactures which goes into the con¬ sumption of the poor man's family so extensively as cotton goods. And what has been the effect of the tariff upon this fabric 1 Take common cotton sheetings or shirtings for example: they could not be bought in 1817 or 1818 for less than 30 or 35 cent3 per yard ; and now they tan be bought for from 5 to 8 cents per yard. Common blue and white calico, which at that time cost 35 or 40 cents per yard, can now be had for from 8 to 12 cents per yard. And while this great reduction has taken place in the price of this, and almost every other manufactured article, the price of labor has not diminished in the least. The poor man can .now earn more cotton goods in one day than he could then in three; and the female, dependent upon her own industry, can now, by one week's labor, purchase a dress, which twenty years ago would have cost her one month's labor. Now this great change— this reduction in the price of manufactured articles—has been brought about, in a great degree, by the protective system. Duties, when judiciously laid upon articles which can be manufactured in this country, do not, as a general thing, increase the price. This can be shown by the prices of the same articles before and after the passage of tho present tariff. To illustrate this principle we will take a few articles, and give the prices before and after tbe present law took effect. Prices par yard of Cotton goods, before and after the passage of the present tariff law, at shown by the Price Current at Boston. Description of goods. Aug. 1842. Oct. 1842. April, 1843 June, 1843. Aug. 1843. Cents. Cents. Cents. Cents. Cents. 27 inch brown shirting 5 and 54 5 and 54 4 and 44 44 and 44 5 and 54 30 " " " 6 ®i 6 6J 54 6f 54 H 6 64 33 " " stout " 6# n 6* 4 44 44 44 5 54 36 to 38 " sheeting 7 n 6* 7 5 6 54 6 64 7 37 inch " " 6i n 6 6* 64 6 54 6 6 64 37 " " stout " ** 8 7 74 6 7 64 7 7 74 40 11 lt " u 8* H 8 0 7 74 74 74 74 8 30 " drillings 8 84 7 8 6 7 64 7 7 7| 28 " bleached do. 8 9 8 9 7 74 74 74 74 84 28 " jean 9 .9* 9 94 8 9 8 9 84 94 30 " bleached do. 10 11 10 10i 9 94 9 94 94 10 Here we have the prices of eleven kinds of cotton goods, from August, 1842, to August, 1843, inclusive. It will be recollected that, in August, 1842, the duty on all articles came down to 20 per cent., and that the present tariff law took effect on the first of September, 1842, and raised the duty on the above mentioned cotton goods far above 20 per cent. Still it will be seen by tbe above table, that the prices were lower one month after the tariff than they were one month be¬ fore the passage of the act; and in April, 1843, eight months after the passage of the act, the prices were from 12 to 25 per cent, less than they were immediately before the tariff act was passed. It is true that, in August, 1843, the prices had improved a little, yet it will be seen that even then they were from 5 to 15 per cent, less than they were one year before, when tbe duty was brought down vastly below what it is under the present tariff. Let any person examine the above table, and he will see that the increase of duty has not increased the price. We will take another article, and one of common consumption, and see how the tariff has affected the price. We will present the price current of leather in August, 1842, when the duty was only 20 per cent., and in December, 1842, and December, 1843, with the increased duty, by which it will be seen that the prices have declined, notwithstanding the increase of duty. Prices of Sole Leather per pound. Place. August, 1842. December, 1842. December, 1843. Cents. Cents. Cents. Philadelphia city 26 and 28 24 and 26 23 and 26 Do. county 23 « 25 21 " 23 18 " 20 Baltimore city - - - 26 " 28 24 " 26 23 " 25 do dry hides 19 " 21 17 « 20 18 " 20 New York light 18 " 20 16 " 18 16 " 18 Boston slaughtered 16 " 18 14 « 17 17 " 18 Eastern dry hides 18 " 19 16 « 19 15 " 17 8 From this view of the prices it will be seen that, in August, 1842, before the passage of the tariff, the average price of sole leather was 21 cents 8 mills. In December following it was 20 cents, and in December, 1843, 19 cents 5 mills, being a reduction of 2 cents 3 mills to the pound. Salt is another article consumed, more or less, by the whole community ; and what effect the tariff has had upon its price, the following from the price current, will show: Cadiz, per hogshead, in August, 1842 - . - $1 87 " " Dec., " - - - - 1 08 Turks Island, per hogshead, in August, 1842 • - - 1 84 " « Dec., " - - - 1 87 Here has been no increase of price by the increase of duties. And we lay it down as a prin¬ ciple, which will hold good in relation to this subject, that the imposition of duties, upon articles which we can manufacture in this country, will not, in the end, increase their prices. The his¬ tory of the past is full of instances in which prices have actually diminished with an increase of duty. Give sufficient protection to our own labor, and there is no doubt but that Yankee com¬ petition will bring the article down to the lowest remunerating price. CONCLUSION. We have endeavored to show that the protective system is designed to meet the wants of the Government, and to promote the industry of the people : that the system is not designed for manufacturers merely, but for the mechanic, the farmer, the day laborer. We know that its effect has already been seen in the revival of business in every department of human industry. But though this system is thus important—thus sustaining the best interests of all classes in the State, yet we find that the Democratic leaders are every where endeavoring to overthrow it. They have not only pronounced the tariff " unwise in its details, and objectionable in its provisions," but they have solemnly resolved, " that the act of the last Congress is unequal and unjust, " and they have called upon our Senators and Representatives in Congress to disturb that system which is well adapted to the wants of the Government and the people. On the contrary, the Whigs are rallying as one man to the support of this great American measure, and are willing to stand or fall by it. It is for you, fellow-citizens, to decide at the approaching election whether you will sustain those who war upon your own interests, and upon your country'6 prosperity. I leave the case with you. Do your duty, and your State will be redeemed. Do your duty, and the bless¬ ings of a grateful country will rest upon you. MR. JEFFERSON'S VIEWS. The tariff doctrines are recognised and luminously enforced by Mr. Jefferson in his report as Secretary of State, in 1793, on the subject of Commercial Regulations. After expressing his own devotion to Free Trade, where real Free Trade is offered us, he proceeds: " But should any nation, contrary to our wishes, suppose it may better find its advantage by continuing its system of prohibitions, duties, and regulations, it behoves us to protect our citi¬ zens, their commerce and navigation, by counter prohibitions, duties, and regulations also. Free commerce and navigation are not to be given in exchange for restrictions and vexations, nor are they likely to produce a relaxation of them. " The following principles, being founded in reciprocity, appear perfectly just, and to offer no cause of complaint to any nation "1. Where a nation imposes high duties on our productions, or prohibits them altogether, it may be proper for us to do the same by theirs ; first, burdening or excluding those productions which they bring here in competition with our own of the same kind; selecting next such man¬ ufactures as we take from them in greatest quantity, and which, at the same time, we could the soonest furnish to ourselves, or obtain from other countries ; imposing on them duties, lighter at first, but heavier and heavier afterwards, as other channels of supply open. Such duties having the effect of indirect encouragement to domestic manufacturers of the same kind, may induce the manufacturer to come himself into these States, where cheaper subsistence, equal laws, aud a vent of his wares, free of duty, may ensure him the highest profits from his skill and in¬ dustry. And here it would be in the power ol the State Governments to co-operate essentially, by opening the resources of encouragement which are under their control ; extending them, liberally to artists in those particular branches of manufacture for which their soil, climate, population, and other circumstances have matured them; and fostering the precious efforts and progress of household manufacture, by some patronage, suited to the nature of its objects, guided by the local information they possess, and guarded against abuse by their presence and attentions. The oppressions on our agriculture in foreign ports would thus be made the occa¬ sion of relieving it from a dependence on the counsels and conduct of others, and of promoting arts, manufactures, and population at home."—Am. State Papeis, vol. 1, p. 300. These Views, founded in obvious justice, are as applicable to-day as in '93, and in all future time as to-day. They form the basis of a true and self-sustaining National policy, and no wise Statesman will venture to disregard them. 9 THE BRITISH TARIFF. " The largest portion of our Commerce, both Exports and Imports, is carried on between this country and the United Kingdom of Great Britain and Ireland. By confining our inquiry to that branch of trade, we are enabled to present in contrast the legislation of the most import¬ ant foreign nation, compared with that of the United States. We here beg leave to remark, that we know of no good reason why so large a share of our trade with foreign countries, more than one-third of the whole, should be carried on between the United States and Great Britain, unless it be owing to the wisdom in legislation and skill in administration practised by that na¬ tion, for the protection of their own interests in Agriculture, Commerce, and Manufactures. " It will not be denied that our country can produce the raw material, and in the present ad¬ vanced state of the arts, our artizans and manufacturers are abundantly capable of supplying the people of the United States with nearly if not all of the articles now imported from Great Britain. Operation of the British Tariff.—" To show the operation of the British Tariff on articles the growth, produce, and manufacture of the United States, we have, with much care and labor, prepared the following Table A, containing all the essential staple productions of this country in a list of forty-seven articles, all of which are either among our exports, or could be exported in large quantities if the same were encouraged by a course of equal trade. Also, the price •current of each of these articles in the New York market; the rate of duty payable on the same by the former British Tariff, and by the same lately revised and now in operation in Great Britain. The Table also shows the discriminating Duty in favor of the British Colonies, where there is any such discrimination. " The result of an accurate average of the rates of Duty on these articles by the former British Tariff is 359 per cent, on the value in this market; and by the new British Tariff now in opera¬ tion the average is 289 per cent. The difference between this average rate of Duty and the actual rates of Duties collected on our Exports, as shown by Table B, is explained by the fact that the higher rates of Duties are prohibitory, thus excluding many articles; and Cotton, on which the Duty is only 7^ per cent., forms nine-tenths of the amount of our Exports to Great Britain, thus necessarily reducing the average. On thirty-three of these articles, being all on which a discrimination is made in favor of the British Colonies, the average duty, when import¬ ed from the United States, is 166 per cent., and on the same, when imported from the British Colonies into Great Britain, 64 per cent., making a difference in favor of the Colonies of 102 in the rate per cent, on these articles. The high Duties on manufactured articles, shown in the Table A, marks the protective policy of their Duties—being low on raw materials and articles they do not produce, and so high as to be prohibitory in favor of their own labor and productions. Operation of the\American Tariff.—" In contrast with these regulations affecting our Exports to Great Britain, we have ascertained the average rate of Duty on articles imported into the United States from Great Britain, according to the present Tariff Act, passed August 30, 1842. This Act has no sliding scale—no prohibitions—no second column of Duties at lower rates, and a discrimination of nearly two-thirds in favor of Colonies—no five per cent, addition, &c., &c., A careful examination of the rate ot duties payable on the different articles of British Manufac¬ ture forming the bulk of our imports from Great Britain and Ireland, results in an average rate of Duty of 32 per cent., as is shown by Table C, annexed. This ratio may be somewhat re. duced by the actual operation of the Tariff on articles paying specific Duties, which are subject to variations from differences of prices and qualities. "To show which nation has practised the system of Free Trade, it is only necessary to men¬ tion, that while Great Britain admits no article, except Specie, from the United States free of duty, we have by our former Tariff regulations received, duty free, many British Manufactures. In 1840, the amount of articles imported into the United States from Great Britain, free of duty, exclusive of Specie, was $9,875,496, of which value more than Seven Millions of Dollars were the manufactures of the United Kingdom. Our total exports to them, the same year, exclusive of cotton and tobacco, amounted only to $3,875,351, on which the British Government levied a duty of 44 6-10 per cent. ' The British Tariff so high as to exclude American Products.—" The British Tariff affixes so high a rate of duty on many articles of American growth and produce as to operate in excluding them from the list of our exports to Great Britain. The Table marked B shows the total amount of our ExDorts to Great Britain and Ireland for three vears.with the amount of duties paid thereon, averaging 50$ per cent, notwithstanding about nine-tenths of the total Exports con¬ sisted of Cotton, which being indispensable to Great Britain for the supply of her extensive manufactories, and the employment of a large proportion of her population, is admitted at a low rate of duty. Omit Cotton, and the duty on all other articles was 330 per cent. Under the prohibitions imposed on American produce, it will be observed that our annual average exports to Great Britain, exclusive of Cotton and Tobacco, amount only to $3,875,351. It is worthy of remark, that on the two great staples of Cotton and Tobacco which she receives from the United States, Great Britain levies an amount of Duties much exceeding the total amount of Customs collected on all articles imported into the United States from all foreign countries; and also exceeding the total annual expenditures of our Government. Thus, the receipts into the United States Treasury from Customsfor the years 1838, 1839, and 1840, were $52,796,227, while in the same years the British Government collected on Cotton and Tobacco from the United States, duties to the amount of $73,638,628. British Duties on ours and on Colonial Products.—"We next call attention to the important 10 discrimination in favor of articles from the British Colonies, the same operating in many cases to exclude us and secure to the Colonies the supplying of articles ot their produce for the British market. This, of course, affects the interests of our Agriculturists. The trade between the Colonies and Great Britain being secured by law to British vessels, and prohibited to Ameri¬ cans, the effect on our Tonnage and Commerce is readily seen. TABLE A. Exhibit of the comparative Rates of Duty, levied by old and new British Tariffs, on articles the growth and produce of the United States. Articles of export. Apples per bush. Apples, dried " Ashes, pot per 112 lbs. Ashes, pearl " Bacon " Beef. per bbl. Beans .per bush. Bark, Quercitron per 112 lbs Butter. ....I tc Candles, sperm per lb. Candles, tallow per 112 lbs. Candlewick " Casks, empty per cent. Cheese per 112 lbs. Cider per bbl. Clocks per cent. Corn, Indian*, .(average) per bush. Cotton..... per 112 lbs. Feathers " Fish, cured (prohbt'd und. old tariff) Fish, cod per 112 lbs Flour* (average) per bbl. Hams (see Bacon.) Hops per 112 lbs. Lard " Lead per ton. Molasses per 112 lbs. Oil, linseed per ton. Oil, fish " Oil, sperm " Pork.................per 112 lbs. Rice, cleaned " Rosin " Snuff per lb. Soap, bar per cwt. Spirits, from grain per gal. Spirits, from molasses " Starch per 112 lbs. Sugar, brown « Sugar, loaf <• Staves, hogshead per 120 Tallow per 112 lbs. Tar. per bbl. Tobacco, leaf per lb. Tobacco, manufactured " Turpentine per bbl. Twine, Kentucky per 112 lbs Vinegar per bbl. Wheat* ..(average) per bush. Wool per bl. N York Or.o Duty. New Duty. Dutyonim- Rate market Kate nn Rate Rate on Rate ports from per price. quantity. per cent quantity. per cent ltrit.Prov's cent- $ cts. £ s. d £ s. d. £ d. 50 4 192 6 24 2 8 1 00 2 48 2 43 4 62 6 31 6 2? free. 5 12 6 28 6 2I free. 6 72 1 8 100 14 50 3 6 12| 5 75 1 4 100 16 67 4 1 00 10 20 10 20 5 10 1 25 8 12j 3 5 1 2 13 44 1 36 1 36 5 9 33 2 6 180 6 36 12 32 3 3 4 123 10 19 10 08 4 8 8 212) 8 8 20 4 4 10 50 25 5 60 10 6 45 10 6 45 2 6 10 1 00 1 15 840 1 15 840 25 20 54 1 6 67 9 33^ h 8 96 2 11 71 2 11 74 4" 1 33 60 2 4 31J 1 14 10 7 3 00 2 16 free. 4 75 17 85 6 7i 331 1 10 9 7 81 8 11 523 4 10 275 6 72 8 28 2 7 6 78 40 2 121 1 6 5 n 2 24 13 9 255" 1 3 9 255 189 00 39 18 100 6 15 1 2t 100 00 26 12 127 6 29 1 } 200 00 26 12 64 15 36 1 i 5 60 12 51 8 34 2 3 00 15 120 6 48 6 4 45 4 9 253 2 107 1 531 08 6 1800 6 isoo 6 72 1 10 321 1 10 107 1 71! 23 1 2 6 2347 1 2 6 2347 9 939 27 1 2 6 2000 1 2 6 2000 9 800 5 60 9 10 814 10 421 5 211 6 72 3 3 225 3 3 * 225 1 4 S5£ 12 32 8 8 327 8 8 327 4 50 3 320 7 9 41 7 3| 7 84 3 2 9 3 2 9 3 i 1 50 1 3 20 2| 3 1 2 1 z 03 i 3 2056 3 2056 09 9 2490 9 2400 2 62 13 119 3 27| 22 40 1 11 33 1 11 33 6 00 3 3 252 3 3 252 1 00 3 4 80 1 4 32 6 6 25 1 8 1 8 free. Number of articles 47)16898 48)13886 Average rato of duty under the old tariff 359 New do. .. .289 * Subject to the Sliding Scale. The Sliding Scale in the British Corn Laws makes the duty on Grain and Flour variable according to the prices of their Domestic Grain, and is nearly prohibitory to Grain and Flour from the United States, The duty is always low enough to admit the same from the British Colonies. 11 One hundred and two per ceixt. in favor of British Provinces—The average duty on 33 o! the above articles, in which, as is seen, there is a discrimination in favor of the British Prov¬ inces, is, when imported from the United States, one hundred-arid sixty-six per cent.—but, when imported from the British Colonies, the average duty on the same article is sixty-four per cent, only; making a difference in favor of the latter, and against the United States, of one hxmdred and two per cent. On the remaining 15 articles, there is no discrimination of duties, the duty being at a rate prohibitory. All this illustrates the practice and the commerce under our Reciprocity Treaty with Great Britain. In addition to the above rates of duties, a further duty of five per cent, ad valorem upon the amount of the several duties is levied on all articles imported except Spirits, which pay afurther duty of four pence per gallon. Timber from the United States prohibited.—With regard to the duties now payable on Timber and Lumber, they are not included in the above Table, for the reason that any calculation of the rate per cent, thereon, according to the British Tariff, must be indefinite. The discrimi¬ nating duties on these articles are so much in favor of the British Colonies, and against the United States, as to be prohibitory to our Timber and American vessels, and to secure the trade to British vessels from the Colonies to Great Britain. A few articles will suffice to show the duties payable, and the discrimination in favor of the British Colonies : " On deals, battens, boards, or other Timber, sawn or split, per load of 50 cubic feet, the duty is 32s. or $7 68. On the same from the British Provinces, 2s. or 48 cts. On Timber not being deals, battens, boards, staves, handspikes, oars, lathwood, or other Timber, sawn, split, or dressed, except hewn, the duty per 50 cubic feet, is 25s or §6 00. From the British Provinces, Is. or 24 cts. On Wood, planed or dressed, duty 7\d. or 15 cts. per cubic foot, and a farther duty of 10 per cent, on the same. From the British Provinces, 5 per cent. On Oars, the duty per 120 is 150s. or $36 00. On the same from the British Provinces, 3s. 9d. or 90 cts. On Handspikes, do. 40s. or $9 60. Do do do Is. or 24 cts. On Spokes for wheels, per 1000,80s. or $19 20. Do do do 2s. or 48 cts. On Lathwood, per 216 cubic ft. 40s. or $9 60. Do do do Is. or 24 cts. On Firewood, do 10s. or $2 40. Do do do free." The course of this trade is—for British vessels to come into our ports and take a cargo of American produce and sail, if at the East, for Halifax or New Brunswick ; if at a Southern port, for a West India Island ; and having touched thu3 at a British Colony, the voyage is then homeward from such Colony. This secures the carrying trade, and on our grain, timber, &c., the benefit of the discriminating duties in favor of the Colonies. In March, 1840, one of this Committee came up the Savannah river, and he there saw eleven large British vessels lading with Georgia Timber—no American vessel there!! This course of trade is not allowed to an American vessel. And yet it is said we have a Treaty of Reciprocity with England. Three hundred and thirty per cent, duty in England on exports from the United States. Table B. Total Export of articles, the growth or produce of the United States, to England, Scotland, and Ireland, with the Duties paid thereon during the years 1838, 1839, and 1840. 1838 - - Value - $50,481,624 Duties - $23,621,160 - 46 7-10 pr. ct 1839 - - 50,791,981 " - 26,849,477 - 52 8-10 " 1840 " - 54,005,790 « - 28,360,153 - 52 5-10 " Total « -$155,279,395 « - $78,830,790 av. 50 5-10 " Of the above, the value of Cotton and Tobacco, and the duties paid thereon, were as follows, viz : 1838 1839 1840 f Cotton £ Tobacco ( Cotton ( Tobacco f Cotton I Tobacco - - - Value - $45,769,687 Duties - - $2,761 612 - — _ (c 2,939,706 (C _ - 19,860,898 - — — < C - 46,074,579 t £ _ 1,942,337 - _ — ld experience of England, teaches that a high price for manufactured goods is by no means a necessary consequence of protection. In fine, German industry is still far from being able to supply the home market. In order to accomplish that object, we have yet to man¬ ufacture the 13,000 cwt. of cotton goods, the 18,000 cwt. of woollen cloth, and the 500,000 cwt. of cotton yarn and twist, and linen yarn, which we at present import from England. This being done, we will then increase our imports ot cotton and wool alene by 500,000 cwt , which will bring us into a more direct commercial intercourse with the countries of the torrid zone, and en¬ able us to pay for the greater part, if not for the whole, of this necessary raw material, with our own manufactures. v It is easy to conceive how the English parliament may at last be induced, by representations such as those contained in this report, to depart from its Corn Law, which has hitherto operated as a protection against Germany; but to us it is in the highest degree incomprehensible how the •German union, which has made such immense advances in consequence of its protective mea¬ sures, should be prevailed on by the same report to renounce so advantageous a system. It is true, Dr. Bowring assures us that the German manufactures are protected at the cost of the landed interest; but how can we give credit to his assertions when we find that the damand for agricultural produce, the price of that produce, the wages of labor, rents, and the value of land, have everywhere increased 1 Dr. Bowring gives a calculation, according to which there are three agriculturists to one manufacturer in Germany; but at the same time he shows that the number of the German manufacturers still bears by no means a just proportion to the number of agricul¬ turists. Now, it is not conceivable how an equilibrium can be introduced between those classes, otherwise than by prolonging the protection against those articles which still are made in Eng¬ land for the German market by men who consume "the English agricultural produce, and reject the German. Dr. Bowring insists that the German agriculturist can only look for an increased sale of his produce to foreign countries. However, that a great demand for agricultural products is created by the prosperity of national manufactures, is a fact which we learn, not only from the experience of England, but which Dr. Bowring himself impliedly admits, by the fear ex¬ pressed in his report, that if England much longer delays the repeal of her Corn Law, Germany will neither have corn nor timber to spare for England. The Doctor is perfectly right when he eays the agricultural is the preponderating interest of Germany, but precisely because it prepon¬ derates it ought to endeavor, by improving the manufacturing interest, to place itself in a fair balance with that interest—since not upon a superiority over the manufacturing interest, but apon an equilibrium therewith, the prosperity of agriculture depends. 16 The reporter's observation, that in Germany public opinion favors free trade, must be taken subject to the correction, that since the establishment of our Zoll Verein we have arrived at a clearer insight of what is really meant in England by the term " free trade for since that time, as ho himself says, " the Zoll Verein has brought the sentiment of German nationality out of the regions of hope and fancy into those of positive and material interests." The reporter is right in his belief that knowledge is widely spread among the Germans. It is precisely for the reason that in Germany people hgve ceased to indulge in cosmopolite dreams; they recollect their Faust— they trust to their own judgment, to their own experience, to their own sound common sense, rather than to faulty systems in contradiction with all experience—they begin to comprehend why Burke confidentially warned Adam Smith that countries were not to be governed according to cosmopolite views, but by knowledge founded on searching investigations of their peculiar national interests: they distrust counsellors who blow hot and cold with the same breath; they very well know how to estimate the value as well as the advice of manufacturing competitors; in a word, whenever there is any question about offers from England, they recollect the well- known caution, and say—" We distrust the Greeks, even their presents." On these grounds there is reason to doubt that any really influential Germans could seriously hold out hopes to the reporter of the abandonment of our protective policy, for the wretched concession of being enabled to export some corn and timber to England. At any rate, public opinion in Germany will, doubtless, scruple to class such influential persons among the thinking part of the population. To be entitled to that attribute in the present day in Germany, it is not enough to have learned by rote the history, the phraseology, and the arguments of the cosmopo¬ lite school; what i.. required is to know the facilities and the wants of the nation, and, unen¬ cumbered by the system of any school, to consider those can be unfolded, these satisfied. A thorough ignorance of the faculties and wants of the country is betrayed by persons who are not aware of the immense efforts that have been required to elevate the industry of a nation to that station which the German manufacturing interest now occupies, who have not sagacity to antici¬ pate the greatness of its future prosperity, who would so cruelly deceive the confidence which the German manufacturers have placed in their Governments, and so. deeply wound the enter¬ prising spirit of the nation, who cannot distinguish the important difference between a manufac¬ turing nation of the first rank, and a mere corn and timber exporting country, who are incapable of perceiving how precarious a foreign corn and timber market is even in ordinary times, how easily concessions may be revoked, and what convulsions might result from the interruption of that intercourse by a war or hostile measures; who, in fine, have not yet learned, from the exam¬ ple of other great states, how intimately the existence, the independence, and the power of a nation are connected with the possession of a manufacturing system of its own, developed in all its branches. Published by order of the "Whig Congressional Executive Committee." Clat Clubs, and others, can be supplied with any quantity of this Tract by applying at Gideon's Printing Office, Washington.— Price §10 per thousand. /J. THE SUB-TREASURY: a 4 TRACT FOR THE TIMES PREPARED BY ORDER OF WILLIS GREEN, chairman of the executive committee of the whig membeesof comgress. WASHINGTON: PRINTED BY JOHN T. TOWERS. 1844. TO THE PEOPLE OF THE UNITED STATES. The Convention that nominated James K. Polk and George M. Dal¬ las, for the highest offices in the gift of the people, made and published a declaration of principles, to be taken, we presume, as the rule of their political faith. Among the most prominent of these principles, is the pro¬ position, " That the separation of the moneys of the Government from banking institutions is indispensable for the safety of the funds of the Government and the rights of the people." This, then, is the great issue to be tried—the Government is to be divorced from all connexion with banking institutions. The Sub-Treasury plan of Mr. Yan Buren, so signally rejected in 1S40, is again presented to the country, and the nomi¬ nees of the Locofoco Convention are pledged to iis restoration. It. is in¬ scribed on their banner; and, should Locofocoism triumph in the Presi¬ dential election, this will be the favorite policy of its Executive adminis¬ tration. Eveiy thing else will be abandoned for it. Free Trade, the An¬ nexation of Texas, and the armed occupation of Oregon, will all be for¬ gotten, in the hurry to re-establish this measure, and put it once more in practical operation. For on it hang all the hopes of the spoilsmen and cor- ruptionists, who will constitute Mr. Polk's retinue. It is emphatically their measure ; by it they are to be'clothed and fed from the public Trea¬ sury, and have a field opened to them for peculation and plunder. But let us give it a brief and candid examination. In the first place, what does it propose 7 It is intended to change the entire fiscal operations of the Federal Gov¬ ernment, and to establish an order of things never before known and prac¬ tised upon, until the administration of Mr. Van Buren. First, it provides that all the moneys of the Government shall be placed in the hands of in¬ dividual agents, instead of banks as heretofore, and creates a new class of officers, with the imposing title of Receivers General, which are to be found only in the monarchies of Europe. Secondly, it is# designed to col¬ lect and disburse the public revenues of the Government in gold and silver only, and to proscribe all banks and bank paper so far as federal legislation can effect ir, and thus, in point of fact, to create two distinctive kinds of currency—bank paper for the people, and gold and silver for the office¬ holders. To allay all suspicion, and to soften the jealousy of the people, it is de¬ signated a divorce of Bank andNState, when, in truih, it is a separation of 4 the Government and the People, sacrificing their interests, and placing the office-holders above ihem. In fine, it is to carry out practically the princi¬ ple asserted by Mr. Van Buren, in one of his messages to Congress that " the people must take care of themselves and the Government will take care of itself." Thirdly, it places the public money entirely within the control of the President, by conferring on him power over the appointment and removal of the receivers general, in whose hands it is to be kept. All the money in their keeping being out of the Treasury, and of course subject to the un¬ limited control of the appointing power, there is a complete union of the money and military power of the Government. The purse and the sword of the nation are uniied in the same hands. These were the chief provisions and direct tendencies of the Inde¬ pendent Sub Treasury plan, adopied in the last year of President Van Bu- ren's term, and the re-establishment of that identical measure, is the ques¬ tion now submitted to the American people. the origin of the system. The Sub-Treasury was originally brought forward in Congress by Gen. William F. Gordon, a member of the House of Representatives from ' Virginia, in 1834, when it was voted down by the nearly unanimous vote of General Jackson's political friends. The Journals of Congress fully attest this fact; but that there may be no mistake about it, we will quote the proceedings. By reference to the Journal of the House of Representatives of the 2d session of the 23d Congress, page 3(55, it will be seen that the following proceedings were had on the 11th of February, 1S35 : " The question recurred on the motion made by Mr. Gordon, (on the 10th,) to amend the said bill, (No. 563,) regulating the deposite of the money of the United States in certain local banks, viz: strike out all thereof after the enacting words, and insert— " That from and after the —day of —, in the year , the collectors of the public revenue, at places where the sums collected shall not exceed the sum of — dollars per annum, shall be the agents of the Treasurer to keep and disburse the same, and be sub¬ ject to such rules and regulations, and give such bond and security as he shall pre¬ scribe, for the faithful execution of their office, and shall receive, in addition to the compensation now allowed by law, — per centum on the sums di-bursed, so that it does not exceed the sum of — dollars per annum. " .Sec. 2. And be it further enacted, That at all places where the amount of pub¬ lic revenue collected shall exceed the sum of — dollars per annum, there shall be ap¬ pointed by the President, by and with the advice and consent of the Senate, receivers of the public revenue, to be agents of the Treasurer, who shall give such bond and security to keep and disburse the public revenue, and be subject to such rules and re¬ gulations as the Treasurer shall prescribe, and shall receive for their services — per cent¬ um per annum on the sums disbursed, provided it does not exceed the sum of —dollars per annum. " Sec. 3 And he it further enacted, That from and after the — day of —, the whole revenue of the United States derived from customs, lands, and other sources, shall be paid in the current coin of the United States. " And, on the question, ' Shall the bill be so amended ?' it was decided in the nega¬ tive: Yeas 33, nays 161." Among those who voted in the negative was James K. Polk, the chair¬ man of the Commitlee of Ways and Means. To prevent misunderstanding, it is proper to state that General Gordon introduced his plan in the form of a bill on the 20th of June, 1834 ; but no direct vote was had on it, until offered as an amendment to Mr. Polk's bill, which established what is commonly called the " Pet Bank System." K 5 the sub-treasury as it really is. " Old documents ate dangerous things," is a favorite expression with Mr. James K. Polk, and in this he is precisely of our opinion. For it is from these " dangerous things" that we wish the people to learn what the Sub-Treasury really is, front old documents, the offspring of those who are now its leading supporters. The Journal of the House of Represen¬ tatives, to which we have already referred, shows that James K. Polk voted against the proposition of General Gordon. But he did more than this. He made a speech against it, which is to be found in the Congressional debates, vol. 11, page 1278-'9. He then said : " Whilst I am up, it may be well to notice some other propositions of amendment, which the House have been notified will be made to this bill, especially as I may not have anothej opportunity to address the House. A gentleman from Virginia [Mr. Gordon] has signified his intention to move the amendment to this bill which he pre¬ sented and had printed by order of the House some days ago That amendment pro¬ vides that the ' collectors of the public revenue,' when the amounts collected are small, ' shall be the agents of the Treasurer, to keep and disburse the same and that they shall receive an annual compensation. It provides, further, that, at places where the amount collected shall be large, 'receivers' shall be appointed, 'to be agents of the Treasurer, to keep and disburse the public moneys,' and that they shall be paid an an¬ nual compensation for their services. " A corporation may be. safer than any individual agent, however responsible he may be, because it consists of an association of individuals who have thrown together their aggregated wealth, and who are bound in their corporate character, to the extent of their whole capital stock, for the deposite. In addition to this, the Secretary of the Treasury may require as heavy collateral security, in addition to their capital paid in, from such a corpoiation, as he could from an individual collector or receiver, which makes the Government deposites safer in the hands of a bank, than it could be with an individual. " As, then, between the responsibility of a public receiver and bank corporations, as banks do exist, and are likely to exist, understate authority, the latter, upon the ground of safety to the public, are to be preferred. " It may happen in the fluctuation of the amount of revenue and expenditures, that there will be at some times a considerable surplus in the Treasury; which, though it may be temporary, if it be withdrawn from circulation, and placed in the strong box of a receiver, the amount of circulation will be injuriously disturbed, by hoarding the de¬ posite, by which the value of every article of merchandise and property would be affected. So that, inasmuch as we cannot anticipate or estimate what the exact amount of rev¬ enue or expenditure may be from year to year, there may occur an excess of revenue in the Treasury, not immediately called for to be disbursed, which it would be very inconvenient to abstract from trade and circulation. Whilst the deposite is in a bank, the bank may use it, keeping itself at the same time ready to pay when demanded, and it is not withdrawn from the general circulation, as so much money hoarded and withdrawn from the use of the community. " If in the hands of receivers, they must either hoard it, by keeping it locked up in a strong box, or use it at their own risk in private speculation or trade ; or they must, for their own security, aud on their own responsibility, place it at last on deposite in banks for safe-keeping, until they are called on by the Government for it. " This temporary use of the money on deposite in a bank constitutes the only com¬ pensation which the bank receives for the risk of keeping it, and the services it per¬ forms. If receivers be employed, they can perform no other service than to keep the money, arid must be paid a compensation from the Treasury." And what were his objections to the system ? Let us group them toge¬ ther. First, that banks are to be preferred to individual agents, as de¬ positories of the Government, because of their greater safety. Secondly, because by hoarding the public money in the strong box of a receiver, the currency would be so disturbed and disordered, as to reduce the value 6 of property, and injuriously affect the prices of labor and produce. Thirdly, that to employ individual agents to keep and disburse the public funds is more expensive than to have it done through the agen¬ cy of banks, because lhe6e new officers must be salaried, and the lat¬ ter require no compensation. Mr. Calhoun, who led the Southern "chivalry" to a coalition with Mr. Van Buret), in suppoit of the measure in 1837, spoke as follows, in the Senate, in 1834 : " But there is, in my opinion, a strong, if not an insuperable, objection against re¬ sorting to this measure, resulting from the fact that an exclusive receipt of specie in the Treasury would, to give it efficacy, and to prevent extensive speculation and fraud, require an entire disconnexion on the part of the Government with the hanking sys¬ tem, in all its forms, and a resort to the strong box, as the means of preserving and guarding its funds—a means, if practicable at all in the present stale or things, liable to the objection of being far less safe, economical, and efficient than the present." The Washington Globe, too, was filled with indignation, and pro¬ mulgated the views of the party in 1834 as follows : " It is well known that the President himself is opposed to this project, and that his friends in Washington, whether of the Cabinet or not, heartily concur with him in the course of policy it is expedient to pursue." And again : " If General Jackson had suggested such a system (the Sub-Treasury) what peals of patriotic indignation would have burst from eloquent Senators against the usurper and tyrant who desired to get the millions of the Tteasury into the very hands of his partisans and palasites." And again: "It is as palpable as the sun, that the effect of the scheme (Sub-Trea¬ sury) would be to bring the public treasure much nearer the actual custody and con¬ trol of the Executive than it is now, and expose it to be plundered by a hundred hands where one cannot now reach it." And again: " We verily believe that the present system (State Banks) of deposites, for the public money, guarded by law as it will be, is as good for safety, aod the least liable to abuse by the Executive, of any which the wit of man can conceive." And again: "It (the Sub-Treasury) is disorganizing and revolutionary, subversive of the fundamental principles of our Government and its entire practice from 1789 down to this day." And the Richmond Enq.uir.er, the file leader of Locofocoism in Vir¬ ginia, said of the measure in 1837, when it was first proclaimed as the financial policy of Mr. Van Buren's administration : " We have objected to the Sub-Treasury scheme, (so called,) that, in the first place, it will enlarge the Executive power, already too great for a Republic; 2dly, that it contributes to endanger the security of the public funds; and 3dly, that it is calculated to produce two currrencies—a baser one for the people, and a better one for the Gov¬ ernment. The more we reflect upon the matter, the more we read the speeches of the orators on both sides, the more firmly are we satisfied of the strength of these objections. " It is certainly subject to very strong objections, not the least of which is the very great increase of patronage to which it must give rise, and a patronage of the most daDgerous influence, as being so immediately connected with the public money." And again : " But I can see no advantage, and, on the contrary, a fruitful source of mischief, in making Government officers the keepers of the cash. Place about them what guards you may, in the shape of commissioners, inspectors, or whatever else, peculation will be etulless. There is no security in it, and it will involve heavy and unnecessary expense. The chief and overruling objection, however, is the endless source of patronage to which it would give rise. Make the machinery as simple as you may, and open to view, wherever money is, temptation will creep in, and corrup¬ tion in every form follows at its heels." And yet Mr. Polk and Mr. Calhoun and the Globe and the Enquirer solemnly declare in 1844, that the rights of the people are not to be pre¬ served, unless by the adoption of the Sub-Treasur)\ 7 its safety. There can be no question that the Government should adopt such a system of finance as will combine the greatest safety with the least expense, and at the same time furnish to the people, within the sphere of its constitutional powers, a sound and wholesome currency. It certainly should not act upon the declaration of Mr. Van Buren, that " all commu¬ nities are apt to look to Government for t®o much." We have already shown by the testimony of its own friends, that the Sub-Treasury disre¬ gards these essential features. However, that there may be no mistake on this point we will draw still further from their opinions. They were officially given, and are, therefore, entitled to more weight than under ordinary circumstances. Mr. Woodbury, in a special report to Congress^ as Secretary of the Treasury, in December, 1834, used this language: " It is gratifying to reflect, however, that the credit given by the Government, whe¬ ther to bank paper or bank agents, has been accompanied by smaller losses, in the experience under the system of State banks, in this country, at their worst periods, and under their severest calamities, than any other kind of credit the Government has ever given in relation to its pecuniary transactions." ****** " Thus the truth on this much misunderstood subject appears to be, not only that one failure of a selected bank did not occur within the period while no United States Bank was in operation, but that of those which afterward stopped payment within three or four years, chiefly from the causes before mentioned, and a part of which causes produced eight or ten fold as many failures in England, under the full control and influence of a National Bank there as well as here, four of the number have since dis¬ charged all their liabilities, and the residue of the liabilities of all the others as depo- site banks, in the manner before estimated, is less than $35,000. This is not the tithe of the sura which has frequently been lost to the Treasury by the failure of individ¬ ual merchants to discharge only their obligations for imports ; not equal to the sum fre¬ quently lost by (he failure of many disbursing agents connected with the different de¬ partments of the Government, and under larger bonds for security." ***** " If we include the whole present dues of the Government from discredited banks at all times, and all kinds, whether as deposites or not, and embrace even connterfeit bills, and every other species of unavailing funds in the Treasury, they will not exceed what is due from two such firms. Of almost ose hundred banks, not deposito¬ ries, which, during all our wars and commercial embarrassments, have heretofore failed, in any part of the Union, in debt to the Government, on their bills or otherwise, it will be seen [by the table annexed to the report] that the whole of them, except seventeen, have adjusted every thing which they owed ; and that the balance due from them, without interest, is less than $82,000." Again he said that " individual agents?' would be found " less con¬ venient, safe, and economical." So far, so good; but there is still stronger proof that it is less safe, and that greater losses have occurred by individual agents than "by the use of Banks as Government depositories. The employment of indi¬ vidual agents has, as the Globe remarked in 1834, exposed the public Treasury to be plundered by an hundred hands, where one could not otherwise reach it. To see the truth of this, let us take a bird's eye view of what has already been done, in the line of defalcations. We have before us the report of the select committee, chosen by the -House of Representatives, to inquire into the defalcation of Samuel Swart- wout and others. From it we take the following list of defaulters, with the amount they have stolen set opposite their names : Mamuel Swartwout, New York - $1,225,705 09 William M. Price, do - 75,000 00 A. S. Thurston, Key West, Flo. -■ 2,822 14 George W. Owen, Mobile, Ala. - 11,173 48 Israel P. Canby, Crawfordville, la. 39,013 31 Abner McCarty, Indianapolis, la. - 1,338 92 B. F. Edwards, Edwardsville, 111. 2,338 92 W. L. 1). Ewing, Vaudalia, 111. - 2,315 76 John Ilays, Jackson, Mississippi - 1,386 16 B.S.Chambers, Little Kock, Ark. 1,146 28 David L. Tod, Opelousas, La. - 27,230 57 B.R.Rogers, do. do. - 6,624 37 Maurice Cannon, New Orleans - 1,259 28 A. W. McDaniel, Washington, Miss. 6,000 00, John H. Owen, St. Stephen, Ala.- 30,611 97 George B. Crutcher, Choctaw, Miss. 6,061 40 George B. Cameron, do. do. 39,059 64 S. W. Dickens, do. do. 11,831 91 Do. do. do. 898 53 Wiley P. Harris, Columbus, Miss. - 109,178 08 William Taylor, Cahawba, Alabama $23,116 18 U. G. Mitchell, do. do. - 54,626 55 J. W. Stephenson, Galena, Illinois - 43,294 04 Littlebury Hawkins, Helena, Ark. - 100,000 00 S. W. Beall, Green Bay - - 10,620 19 Joseph Friend, Ouaeluta, Louisiana - 2,541 91 William H. Allen, St. Augstine - 1,997 50 Gordon 1>. Boyd, Columbus, Miss. - 50,937 29, R. 11. Sterling, Chocchuma, Miss. - 10,733 70 ParisChilders,Greenburg, Louisiana, 12,449 76 William Linn, Vandalia, Illinois - 55,962 06 Sam'l T. Scott, Jackson, Mississippi 12,550 47 John T. Pollock, Crawfordville, Ind. 14,891 98 John L. Daniel, Opelousas, Louisiana 7,280 63 Morgan Neville, Cincinnati, Ohio -0 13,781 19 M. J. Allen, Tallahassee, Florida - 26,621 57 Robert T. lirown, Springfield, Mo. - 3,600 50 2,061,887 74 This plundering of the public Treasury was in full blast during the lat¬ ter part of General Jackson's, and the first part of Mr. Yan Buren's imacu- late administration. Moreover, under the Sub-Treasury system as the law of the land, with all its bolts and bars, and pains and penalties, the collec¬ tor at New York, Jesse Hoyt, pocketed some $400,000, for a part of which the Government has obtained judgment against him. And yet it is this scheme of plunder and peculation, of robbery and official delin¬ quency, that the people are to be favored with, by James K. Polk and his Locofoco adherents. We turn now from the objections which these men have urged against it to the arguments they have brought forward in favor of its establishment. Prominent among these was the fact that it was the only system used by foreign governments. Even so ; these ultra republicans, these modern Democrats, who have a perfect horror of foreign influence, and despise all foreign institutions, told the people that their Government ought to have au Independent, or Sub- Treasury, because, forsooth, it was the policy of Europe. Hear what Mr. Van Buren said, in his message to Congress of December, 1839 : " From the results of inquiries made by the Secretary of the Treasury in regard to the practice among them, I am enabled to state that in twenty-two out of twenty- •seven foreign Governments, from which undoubted information has been obtained, the public moneys are kept in charge of public officers." That was Martin Van Buren's strong argument. Now see what others said from their high places in the Government. Mr. Thomas H. Benton, in his speech on the Sub-Treasury bill, in the Senate, January 16, 1840, Said: «' Holland is the country for our statesmen to study; but if she is too distant, lei them cross over to the Island of Cuba, and there see a population of less than one million, and near one-half of them slaves, carrying on an immense commerce, building a commercial city second only to New York in the new world, paying twenty- one millions of dollars annually in direct and indirect contributions to the Government; paying high for wages, produce, and property ; and doing the whole upon gold alone and the commercial bill of exchange! 1 say, and repeat, upon gold alone, and this 9 bill of exchange; for a bank note of any kind, and a piece of silver, except of twenty- five cents and under, for change, is not to be seen on this Island. " To our Southern States—to the whole cotton, rice, and tobacco-growing region now so grievously afflicted with the curses of the paper system—to all this region I would say, study the financial history of Holland, France, and Cuba Follow their example! Emulate their solid currency! Imitate them! and, in a few years, you will not only be lifted from the misery, degradation, demoralization, and ruin of a de¬ preciated currency, but you will have a superabundance of real money—gold enough for all your own uses, and to lend to all America besides. You will become the specie warehouse of the commercial world ; to which all nations will resort to borrow gold, and which will return to you the instant they borrow it. Your hundred millions of exportable productions, and augmenting every year, will quickly produce this magic change, if, emerging from the Serborian bog of paper money in which you are now sunk, you plant yourselves on the solid rock of gold and silver. To the other States I would say do the like; and the like results, to a less extent, will be your reward and your blessing. At least, imital« France, and eschew all paper below one hundred dollars. But this is their own affair. As they now stand, it belongs to them to afflict or bless themselves. To the Federal Government it belongs, as the preservation of the sacred fire to the Roman vestals—to this Government to preserve the sacred cur¬ rency of the Constitution. To this Government it belongs to do this; and to a long series of measures pursued for this purpose, for the last ten years the establishment ot the Independent Treasury now comes in as the crowning act to seal and consummate the whole."—See Appendix, Congressional Globe of 1810, page 123. Mr. Robert J. Walker spoke as follows ill the Senate, January 20. 1840: " I am against the whole paper system, and believe that an expansion of a paper currency, whatever form it may assume, except for distant exchanges, is greatly injurious to the prosperity of the country, and this, whether such a currency be nominally1 convertible, or inconvertible, depreciated, or at a par. A depreciation augments the injury, but it is great even before the paper becomes irredeemable. The result is this, that during the expansion there is a great nominal rise in the price of property, real and personal, excepting exports, and in the wages of labor, and nothing can be raised or produced in this country for sale abroad, except at an expense so enormous as almost to annihilate all profits. Let us but contrast the condition of the Island of Cuba, upon our very borders, with that of our own coun¬ try. In Cuba the currency is entirely metallic; her population only about nine hun¬ dred thousand, one-third ot whom, as has been truly slated, are slaves; and yet, with a prosperity almost unexampled, with agriculture and commerce flourishing, and annual import and export of forty-three millions of dollars, whilst distress and em¬ barrassment here are almost universal, even in those States possessing the richest soils aad staples, with natural advantages much greater than Cuba, and with the great addi¬ tional advantage of a free Government. Why, then, this difference ? It is the con¬ trast between the result of the metallic and paper currency. In Cuba, they have no periodical revulsions, and, from their currency, the expense of raising their products is so small that the profit is great even at limited prices, and they can export at a profit throughout the world.—See Appendix, Congressional Globe o/T840, page 124. And Mr. John C. Calhoun, who spoke on the same day, followed in-, the footsteps of Mr. Walker. He said : " If we must use credit, I would infinitely rather use our own than that of the banks. But as to the currency, I concur in almost every sentiment which has been ut¬ tered by the Senator from Mississippi, (Mr. Walker.) He could not do better than contrast our State with that of Cuba. Cuba is now in a flourishing con¬ dition, while the State of Mississippi is in a state of extreme distress. That Sen¬ ator cannot push the specie currency further than I, if the country were out of debt. I wish simply, if there must be a temporary credit, that the Government should use its own credit." Here, then, we are told that we must imitate the example of foreign Governments, and pattern after them. And where are we pointed to by these Sub-Treasury men ? To Austria and Russia, to Spain and Cuba, 10 to Prussia and China, ay, (o despotic and kingly Governments ad over Europe, to nooks and corners hardly discoverable on the face of the Globe. Another argument urged by the friends of the measure, when it was be¬ fore Congress, in 1839, was that it will reduce the wages op labor. It is useless to deny the fact, such was the argument in its favor. It was to reduce the wages of labor, and enable the American manufacturer to compete with the manufacturers of Europe, without the assistance of a protective tariff. Here is the language of Mr. James Buchanan, taken from his speech in the Senate on the Sub-Treasury bill, January 22, 1840. It is to be found on pages 135 and 136 of the Appendix to the Congres¬ sional Globe, and is, of course, authentic. He says: " Let me now recur to the proposition with which I commenced ; and 1 repeat that I do not pretend to mathematical accuracy in the illustration which I shall present. The United States carry on a trade with Germany and France; the former a hard-money country, and the latter approaching it so nearly as to have no bank notes in circulation under the denomination ot five hundred francs, or nearly one hundred dollars. On the contrary, the United States is emphatically a paper money country, having eight hun¬ dred banks of issue—all of them emitting notes of a denomination as low as five dol¬ lars, and most of them one, two, and three dollar notes. For every dollar of gold and silver in the vaults of these banks, they issue three, four, five, and some of them as high as ten, and even fifteen, dollars of paper. This produces a vast but ever chang¬ ing expansion of the currency ; and a consequent increase of the prices of articles, the value of which is not regulated by the foreign demand, above the prices of simi¬ lar articles in Germany and France. At particular stages of our expansions, we might with justice apply the principle which I have stated to our trade with these countries, and assert that, from the great redundancy of our currency, articles are man¬ ufactured in France and Germany for one-half of their actual cost in this country. Let me present an example. In Germany, where the currency is purely metallic, and the cost of every thing is reduced to a hard money standard, a piece of broadcloth can be manufactured for fifty dollars—the manufacture of which, in our country, from the expansion of our paper currency, would cost one hundred dollars. What is the con¬ sequence ? The foreign French ot German manufacturer imports this cloth into our country, and sells it for a hundred dollars. Does not every person perceive that the redundancy of our currency is equal to a premium of one hundred per cent, in favor of the foreign manufacturer ? No tariff of protection, unless it amounted to prohibi¬ tion, could counteract this advantage in lavor of foreign manufactures. I would to Heaven that I could arouse the attention of every manufacturer of the nation to this impor¬ tant subject. " The foreign manufacturer will not receive our bank notes in payment. He will take nothing home except gold and silver, or bills of exchange, which are equivalent. He does not expend this money here, where he would be compelled to support his family, and to purchase his labor and materials at the same rate of prices which he receives for his manufactures. On the contrary, he goes home, purchases his labor, his wool, and all other articles which enter into his manufacture, at half their cost in this country, and again returns to inundate us with foreign woolens, and to ruin our domestic man¬ ufactures. 1 might cite many other examples; but this, I trust, will be sufficient to draw public attention to the subject. This depreciation of our currency is, therefore, equivalent to a direct protection granted to the foreign over the domestic manufacturer. It is impossible that our manufacturers should be able to sustain such an unequal com¬ petition. " Sir, I solemnly believe that if we could but reduce this inflated paper bubble to any thing like reasonable dimensions, Neic England would become the most prosperous manufacturing country that the sun ever shone upon. Why cannot we manufacture gopds, and especially cotton goods, which will go into successful competition with British manufactures in foreign markets ? Have we not the necessary capital ? Have we not the industry ? Have we not the machinery ? And, above all, are not our skill, energy, and enterprise proverbial throughout the world ? Land is also cheaper here than in any other country on the face of the earth. We possess every advantage 11 which Providence can bestow upon us for the manufacture of cotton ; but they are all counteracted by the folly of man. The raw material costs us less than it does the English, because this is an article the price of which depends upon foreign markets, and is not regulated by our own inflated currency. We, therefore, save the freight of the cotton across the Atlantic, and that of the manufactured article on its return here. What is the reason that, with all these advantages, and with the protective duties which our laws afford to the domestic manufacturer of cotton, we cannot obtain ex¬ clusive possession of the home market, and successfully contend for the markets of the werld ? It is simply because we manufacture at the nominal prices of our own inflated currency, and are compelled to sell at the real prices of other nations. Reduce our nominal to the real standard of prices throughout the world, and you cover our country with blessings and benefits, i wish to Heaven I could speak in a voice loud enough to be heard throughout New England; because, if the attention of the manufacturers could once be directed to the subject, their own intelligence and native sagacity would teach them how injuriously they are affected by our bloated banking and credit system, and would enable them to apply the proper corrective." Now, what is the plain English of all this? What does Mr. Buchanan mean by reducing our nominal to the real standard of prices throughout the world; and how is he to cover New England with blessings? The great secret, the grand discovery, is to reduce the wages of labor, to take away from the poor man the hard earned recompense of his daily and nightly toil. That is to be the panacea for all our ills, and the manufac¬ turer is straightway reminded that he will then need no protection. And Mr. Benjamin Tappan, another Locofoco Senator, took the same ground at home among his constituents, as is fully proved by the follow¬ ing depositions: Personally appeared before the undersigned, James Wallace, who deposes and says : That, a short time previous to the last October election, he had a conversation with Benjamin Tappan, Esq., one of the Senators in the Congress of the United States from the State of Ohio, during which conversation Mr. Tappan remarked : "You man¬ ufacturers, Wallace, stand very much in your own light, that you do not go with us for the hard money system; and you would go with us if you did not look through other people's spectacles." This deponent inquired how the manufacturers were to be benefitted by the adoption of that system ? Mr. Tappan replied, that " wages were entirely too high in this country, and that there was no reason why labor should not be as cheap in this country as in Europe. It is the Banks (continued Mr. Tappan) that keep up the price of labor and the price of produce; if you can put dowQ the banks, labor will be reduced to eleven pence a day, wheat at sixteen cents a bushel, and every thing else in proportion. The Sub-Treasury will produce this result; it will put down the banks, aud reduce the price of labor and the produce of the country. It will be the best tariff the manufacturers can have; and, instead of being compelled to ask your Government for protection, it will enable the American manufacturer to compete with the English manufacturer even in his own market." JAMES WALLACE. State op Ohio, Jefferson county, ss: Personally appeared before the undersigned, a notary public, within and for the county of Jefferson, James Wallace, who, being duly sworn, deposes and says, that the foregoing statement, by him subscribed, is true in substance and in fact. Witness my hand and official seal at Steubenville, this 20th day of July, A. D. 1840. [l. s.] J. COLLIER, Notary Public. At the same time and place came James Little, who, being duly sworn, says: That, some time previous to the last election, the deponent had a conversation with Benja¬ min Tappan, Esq., in which Mr. Tappan observed, that it was the banks that kept up the price of labor, and if we could put down the banks, and bring every thing to the pecie standard, instead of foreign goods being brought to this country, we could take our goods to Europe and undersell them. 53 JAMES LITTLE. Sworn and subscribed before me, this 20th July, 1840. J. COLLIER, Notary Public. 12 At the same time and place came, also, Adam Wise, who, being duly sworn, says r That some time since he had a conversation with Benjamin Tappan, Esq, in which Mr. T. remarked, that the banks were a great injury to the mechanics ; that they (the banks) kept up the price of produce, and that every dollar which banks re¬ ceived for interest on loans was just so much taken out of the pocket of the laboring men. Mr. Tappan also said, the banks ought to be put down, and then we should have nothing but a specie cuirency, and it would be much better for the mechanic if it were so. ADAM WISE. Sworn and subscribed before me this 20th July, 1840. J. COLLIER, Notary Public. But let us look at these foreign Governments and their rates of wages, which are so strongly recommended for our adoption. And what are the wages of the poor man throughout monarchical Europe? A mere pit¬ tance, barely sufficient to sustain nature, and yet it is boldly avowed by American Senators, that the wages of our honest mechanics and laborers, should be reduced to the European standard. Here is a table ol the wages of labor in different parts of Europe : Country and dis Description of laborers. Yearly wa¬ Daily wa¬ © © "5 ^ S £ trict. ges. ges. £ * France. Calais Ploughmen $5 to $8 Shepherds - 13 - With Laborers - - 15 cents. Boulogne [ Ploughmen 7 - With Laborers - - 10 Without - Havre - Farm servants generally - 8 to 12 - With Brest - Farm servants generally - 2 to 6 - With Nantes - Laborers - - 17 Without - Charente Farm servants generally - 3 to 8 - With Bordeaux Laborers - - 24 to 30 Without - Bayonne Laborers - - 18 to 12 Without - Marseilles Shepherds - 10 to 12 - With Corsica Laborers - _ 9 to 14 With Laborers - _ 22 Without - Germany. Dantzic Farm servants 3 to 4 - With Laborers - _ 9 to 14 Without - Mecklenberg ( Farm servants 5 - With Holstein Laborers - - 14 Without - Farm servants 4 to 5 - With Laborers - _ 14 Without - Netherlands. South Holland - Farm servants 10 to 12 - With Laborers - _ 12 to 32 Without - West Flanders Farm servants 5 With - Italy. Trieste ; Laborers - _ 24 i Without - Laborers - — 12 With lstria - Laborers - _ 16 to 20 Without - Laborers - _ 8 to 10 With - Lombardy Laborers - _ 8 to 16 With Genoa Farm servants 4 to 5 _ With Laborers - _ 10 to 16 With Laborers - - _ Without - Tuscany Farm servants 2 _ With Laborers - ~ 12 Without - 13 And in France, yearly wages for an able bodied man, a good ploughman, ranges from 4S to 250 shillings, and day laborers get in that country from to 15 pence per day ; and whenever they get as much as 5 pence, they have to find themselves. In Ger¬ many, wages are still lower, and by the year between 52 and 100 shillings, and day laborers receive from to 7 pence per day, and find themselves in food. In South Holland, farm hands get by the year from 200 to 250 shillings, and day laborers from 3 to 4 pence per day, and are found. We ask the reader to examine the following statistics of labor, &c., in the kingdom of Bavaria, belonging to the German Confedera¬ tion. It will be perceived that the wages of labor in Bavaria are quite as high as in other parts of F.urope, to which Mr. Van Buren referred the two Houses of Congress as examples of the blessings which flow from a hard money sub-Treasury system : Kingdom of Bavaria, Germany.—Wages of common laborers.—Men from 16 to 24 dollars, women from 8 to 20 dollars, per annum, and found, except clothing. Their food consists generally of bread and vegetables; meat is given only on holidays. Wages of day laborers.—Men from 8 to 12 cents per day; women 8 cents. In the har¬ vest season, men receive from 18 to 20 cents per day; women from 12 to 18 cents. The day laborers find themselves. Wages of mechanics.—Carpenters, 25 cents a day; bricklayers, 20 to 25 cents, and find themselves. These are the rates of wages, the real standard of prices throughout the world, with which Mr. Buchanan and his party have fallen so deeply in love. This is the reward which the Sub-Treasury is to extend to honest industry, the blessing- with which the Locofocos would cover the land. Mechanics and working men, are you prepared for such a state of things? We ask you, one and all—you who earn your bread by the sweat of your brow—you who toil from sunrise to sunset, are you willing to accept of this boon? Will you work for twenty-four cents a day, without board and without dwelling, as in Trieste, or for ten cents a day with board and with dwelling as in Istria? Do you prefer these prices, with vegetable diet and no meat, with wretched hovels for your dwellings? Can you prefer these to such wages as enables you to live in comfort, and to educate your children ? These are questions that affect your interests and the welfare of your children, and it is your time and your duty to consider them. Read this table, mechanics and working men ! Artisans and laborers, re¬ flect on it! Preserve it, and decide, at the ballot box, whether you are willing to work for such prices. If you are—if you would reduce your¬ selves to beggary and want—if you would deprive your wives and children of the necessaries and comforts of life, and bring them to a state of depen¬ dency and servitude, then go for the Sub-Treasury—go for James K. Polk. If, on the contrary, you prefer things to remain as they are, or, what is much more desirable, to see them improved, be ye uncompromising in your hos¬ tility to the man and the measure. You rebuked the Locofocos and crush¬ ed the Sub-Treasury in 1S40. Show them, now, that your anger has not slept, nor your arm been shortened. NOTES! Extracts from the resolutions of the Locofoco National Convention, taken from the Dollar Globe of June 8, 1S44, page 22. " Resolved, therefore, That, entertaining these views, the Democratic parly of this Union, through their delegates assembled in general convention of the States, coming together in a spirit of concord, of devotion to the doctrines and faith of a free repre¬ sentative Government, and appealing to their fellow-citizens for the rectitude of their 14 intentions, renew and reassert before the American people the declaration of princi¬ ples avowed by them, when, on a former occasion, in general convention, they pre¬ sented their candidates for the popular suffrages : " 8. THAT THE SEPARATION OF THE MONEYS OF THE GOVERN¬ MENT FROM BANKING INSTITUTIONS IS INDISPENSABLE FOR THE SAFETY OF THE FUNDS OF THE GOVERNMENT AND THE RIGHTS OF THE PEOPLE." james k. polk in favor of re-estabishing the sub treasury. When Mr. Polk was canvassing for the office of Governor of Tennessee, in the summer of 1843, certain members of his party of Memphis addressed him a long string of questions, to which he replied at length. One of the questions was—" Are you in favor of the Sub-Treasury system passed by Congress in 1840, and repealed in 1841." To which Mr. Polk replied : " I ANSWER THAT I AM. I fully submit to you, gentlemen, whether such a Treasury or plan of fiscal agency (as proposed by Mr. Clay's bank bill) is one which you can approve, or which you prefer to the Independent Tkeasury system, under which the Government kept control of its own money by placing it in a Treasury in fact, and not in theory only, under the care and control of responsible agents, selected by the people according to the Constitution and laws." How responsible these agents are, and how safe the money is under their care and control. Mr. Polk showed in his speed) against the Sub-Treasury bill of General Gordon in 1834; and the list of defaulters we have given furnishes cumulative evidence on this point. APPENDIX. As the. Locofocos have falsely asserted, that the Treasury was only liable for about $>5,U0(),(.)U0 when the Whigs came into power, we give the debt and liabilities of the Government, on the 4th of March, 1841, from docu¬ ment No. 281 of the House of Representatives, 2d session of the 27th Con¬ gress. Here is the statement of the Register of the Treasury, in full: Treasury Department, Register's Office, August 8, 1842. Sir : I have the honor to transmit a statement of the amount for which the Trea¬ sury was liable on the 4th March, 1841, prepared in compliance with a resolution of the House of Representatives of the (1th instant. 1 have the honor lo be, sir, your obedient servant, T. L. SMITH. Hon. John \Y hite. Speaker of the House of Representatives. Statement of the amount for which the Treasury was liable on the 4th March, 1341, agreeably to a resolution of the House of Representatives of the 6th August, 1842. Specific appropriations of all kinds undrawn on the 4th March, 1841 - $27,134,721 SO Indefinite appropriations drawn between the 4th March and 31st De¬ cember, 1841 - - - - - - . 1,771,269 46 15 Treasury notes outstanding on the 4th March, 1841 - From which deduct the cash balance in the Treasury on the 4th March, 1841, exclusive of deposites with the States, and the una¬ vailable funds due by defaulting banks, as ascertained from the books of the Treasurer ot the United States 6,621,334 44 35,527,325 20 862,055 81 Total - - 34,665,269 30 The above balance ($862,055 81) in the Treasury does not include the sum of $300,000 trust funds. T. L. SMITH, Register. Treasury Department, Register's Office, August 8, 1842. EXPENDITURES OF THE GOVERNMENT. As the election of James K. Polk will be the restoration, in fact, of Mr. Van Buren's administration, with all its extravagancies and corruptions, we append for the information of the people a statement of the expenditures of the Government from 1824 to 1840, inclusive. It is taken from document No. 550 of the Senate, 1st session, 2Gth Congress: Statement of expenditures of the United States, from the year 1824 to the year 1839, inclusive ; agreeably to a resolution of the Senate of the 24th of April, 1840. Years. 1824 1825 1826 1827 1828 1829 1830 1831 1832 1833 1834 1835 1836 1S37 1833 1839 Aggregate amount of all ex¬ penditures, or payments of every kind, from the Treasury. $ 31,898,538 47 23,585,804 72 24,103,398 46 22,656,764 04 25,459,479 52 25,044,358 40 24,585,281 55 30,038,446 12 34,356,698 06 24,257,298 49 24,601,982 44 17.573,141 56 30,868,164 04 37,265,037 15 39,455,438 35 37,129,396 80 Aggregate amount indepen dent of the payments on account of the public debt whether funded or un¬ funded. $ 15,330,144 71 11,4*10,459 94 13.062,316 27 12,653,095 65 13,296,041 45 12,660,460 62 13,229,533 33 13,864,067 90 16,516,3S8 77 22,713,755 11 18,425,417 25 17,514,950 28 30,868,164 04 37,243,214 24 33,849,7IS OS 25,9S2,797 75 Aggregate amount for perma¬ nent and ordinary purposes, excluding payments on ac¬ count of objects either ex¬ traordinary or temporary. $7,107,892 05 6,537,671 27 7,058,872 12 7,427,175 78 7,788,394 86 7,503,204 46 7,624,827 56 7,679,412 66 8.562,650 42 S,827,095 77 9,667,797 97 9,157,490 32 11,688,987 18 13,098,321 83 13,837.594 44 13,325,800 18 Note.—The expenditures of 1839 are subject to variation on the settlement of the Treasu¬ rer's accounts for that year; which have not yet reached this office. Treasury Department, Register's OJfce, May 4, 1840. T. L. "SMITH, Register. 16 The expenditures in 1840, as given in document H. R. No. 244, 2d sea- scssion, 27th Congress, are as follows: Annual expenditures 1st session, 27th Congress - - -$23,327,772 29 Payments on account of public debt ----- 4,086,613 70 Trust funds - - 812,147 82 Aggregate expenditures for the year ----- 28,226,533 81 It ihiis appears that the average annual expenditures of the Locofoco dynasty for four yeats, from JS37 to 1840 inclusive, for all purposes, were $35,544,101 52! and the expenditures for the same period, exclusive of the public debt, trust funds, &c., averaged annually $27,928,630 97 ! and the expenditures during four years, 1S37 to 1840, or to 4th March, 1841, over and above receipts from ordinary sources of revenue were : Available balance in the Treasury, January 1, 1837, (vide table C, Ho. Doc. No. 7, 1st session,'28tli ('nngre.ss) ... - $16,087,287 88 From which deduct balance in the Treasury, 4th March, 1811 - 572 719 46 $15,514,560 42 Received from debts and other funds which existed prior to 1837 - 8,514,560 42 Treasury notes outstanding March 4, 1841 ------ 6,103,519 28 Total 30,194,777,23 OPINIONS OF THE TARIFF AND FREE TRADE CANDIDATES FOR THE PRESIDENCY. MARK THE DIFFERENCE! MR. CLAY. Ashland, June 29, 1844. Dear Sir : I have received your favor, stating that our political opponents repre¬ sent me as being a friend of protection at the North, and for free trade at the South ; and you desire an expression of my opin¬ ion, under my own hand, for the purpose of correcting this misrepresentation. I am afraid that you will find the effiftt vain to correct misrepresentations of me. Those who choose to understand my opin¬ ions ean have no difficulty in clearly com¬ prehending them. I have repeatedly ex¬ pressed them as late as this spring, and several times in answer to letters from Pennsylvania. My opinions, such as they are, have been recently quite as freely ex¬ pressed at the South as I ever uttered them at the North. 1 hate, every where main¬ tained, that in adjusting a Tariff for reve¬ nue, discriminations ought to he made for Protection; that the Tariff of 1842 has operated most beneficially, and that I AM UTTERLY OPPOSED TO ITS REPEAL. These opinions were an¬ nounced by me at public meetings in Ala¬ bama, Georgia, Charleston in South Caro¬ lina, North Carolina, and in Virginia. I am, respectfully, your friend and obe¬ dient servant, H. CLAY. Mr. Frederick J. Cope. , MR. POLK. Winchester, May 29, 1843. To the People of Tennessee: The object which I had in proposing to Governor Jones, at Carrullville, on the 12th. of April last, that we should each write out and publish our views and opinions on the subject of the Tariff, was, that our respective positions might he distinctly known and understood by the People. That my o| inions were already fully and dis¬ tinctly known, 1 could not doubt. I had steadily, dc ring the period I was a Representative in Conoress, been op¬ posed to a Protective Policy, as my recorded votes and pvri.ishf.d speeches prove. Since I retired from CoDgress I had held the same opinions. In the pre¬ sent canvass for Governor I HAD AVOW¬ ED MY OPPOSITION TO THE TA¬ RIFF ACT OF THE LAST WHIG CONGRESS, as being highly protective in its character, and not designed by its authors as a revenue measure. I had avowed my opinion in ray public speeches that the interests of the country, and es¬ pecially of the producing and exporting States," REQURED IIS REPEAL, and the restoration of the principles of the Compromise Act of 1833. JAAIES K. POLK. 11 SPEECH of MR. A. H. H. STUART, OF VIRGINIA, ox the BILL TO INCORPORATE THE SUBSCRIBERS to the FISCAL BANK OF THE UNITED STATES. Delivered in the House of Representatives, Au^usl 2,1S41. The motion of Mr. McCleelax, of New York, to strike out the enacting clause of the bill " to in¬ corporate the subscribers to the Fiscal Bank of the United States," being under consideration, and Mr. Saunders, of North Carolina, having closed his remarks— Mr. STUART, of Virginia, obtained the floor, and spoke in substance as fol¬ lows : Mr. Chairman : I am gratified that I have been able to obtain the floor at this early stage of the debate; not because 1 am vain enough to believe that I can throw any new lights upon the subject now under consideration, but because I wish to place some of the reasons which have influenced my mind distinctly before the country. I come from a State which is generally supposed to have been uniformly- opposed to a Bank of the United States in any form, and my vote in favor of the bill before the committee will differ from that of a large majority of my colleagues. These circumstances seem to impose upon me some kind of obligation to show to the people of Virginia, that, if 1 stand in an attitude of opposition to their settled opinions, I have some plausible grounds at least of justification ; and if my course is erroneous, it is sanctioned by the example of" the fathers of the Constitution." With regard to my immediate constituents, I feel no difficulty, for I have every reason to believe that their opinions on this interesting subject harmonize entirely with my own. Let the matter be as it may in regard to other gentlemen and other portions of the country, I claim confidently to represent, upon this subject especially, the sentiments of the great central and republican district by which I was sent here. In that district, the issues of " bank or no bank," and " distribu¬ tion or no distribution," were distinctly raised and fully discussed. 1 was opposed by a gentleman (Mr. James McDowell) of distinguished abilities and of unexcep¬ tionable character. His reputation as an orator, a scholar, and a statesman, was familiar to the political and literary circles of the Union. His name bad been as¬ sociated with the most honorable offices in the gift of the " Old Dominion," and I do not hesitate to say, that if he had been successful in obtaining a seat on this floor, he would have been one of the brightest ornaments of this enlightened assem¬ bly. The election turned upon those issues; and, under all the disadvantages aris¬ ing from the disparity of age, of qualification, and of reputation, I was elected by a triumphant majority. Such, sir, was the verdict of the people, and I stand here prepared to render judgment upon it. It has been said here, Mr. Chairman, in the course of this debate, as it has been said through the country for the last half century, that the first Bank of the United States was a monstrous conception of Federalism, and that the bank oC 2 1816, and the measure now under consideration, are the offspring of the same polit¬ ical heresy. This declaration, if it were allowed to go uncontradicted, would be well calculated to do mischief by exciting popular prejudices in the country, and particularly in the Southern States, which have always claimed to be the peculiar exponents ol the Republican faith. But, sir, I do not mean that it shall go out to the country uncontradicted ; so far from it, upon the responsibilities of my position as a member of this House, I deny that either the bank of 1791 or of 1816 was incorporated by the Federal part}'. Nay, sir, I go still further ; 1 pledge myself to prove, from the official records of the country, that the bank of 1791 was chartered before the formation of the Federal and Republican parties, and that the bank of 1816 was emphatically a Republican measure, recommended and sanctioned by a Republican President, and passed by a Republican Congress, in opposition to the most strenuous efforts of the Federal parly to defeat it. Yes, sir, to be more dis¬ tinct, 1 mean to say that the bank of 1816 was just as emphatically a measure of the Republican party of that day, as the sub-Treasury scheme was a measure of Mr. Van Buren's administration. In order to present my views on this subject clearly and distinctly to the House,. I propose to trace, very briefly, the history of the bank question from its origin to the present time. On this point I have been anticipated to some extent by the very distinguished gentleman from Pennsylvania, (Mr. Sergeant,) who has pre¬ ceded me; but I will follow in his footsteps, and add some matters of detail to what he has already placed in so clear a point of view. The first project for a bank, having any features of nationality about it, was submitted by Robert Morris, of Pennsylvania, as earlv as the 17th of May, 17S1, to the Congress assembled under the articles of confederation. Those articles, it is well known, conferred much less power on the federative Government, and con¬ stituted a much less intimate union between the States which were parties to them, than now exists under our Constitution. This is apparent on the face of the Con¬ stitution itself; for it is there declared that one object in adopting the Constitution was " to form a more perfect union" among the States. Yet that Congress, acting under such restricted powers, did not feel any hesitation in considering and adopt¬ ing the plan for the establishment of a bank under the name of the Bank of North America, which was essentially a national bank. The ordinance was passed on the 31st of December, 1781, and, among other recitals contained in the preamble, it will be found that it affirms that " the exigencies of the United States render it indispensably necessary that such an act be immediately passed." See Journal 1781, pp. 705-6. The test vote upon this subject was taken on the 26th of May, 1781. [See Journal 1781, p. 625.] At that time eleven States were represented in Congress, and of those eleven, nine (viz : New Hampshire, Rhode Island, Connecticut, New Jersey, Maryland, Virginia, South Carolina, North Carolina, Georgia) voted for the bank. Massachusetts voted against it, and Pennsylvania was divided. Or if we look to the individual votes of the members, we will find that Congress con¬ sisted of twenty-four members, of whom twenty voted for the bank, and four against it. Thus the bank was established, and it is a well-authenticated fact, that the facilities and accommodations furnished by that bank to the Government during the war contributed most materially to the successful termination of our revolu¬ tionary struggle- Having now disposed oi the Bank of North America, 1 will pass to the consider¬ ation of the history ol the bank ot 1791, and to the circumstances which led to its recommendation and adoption. Our present Constitution went into operation on the 4th of March, 1789. The country had recently passed through that tremendous struggle which had happily resulted in the achievement of our national independence. The finances ot the sountrywere ir; the most embarrassed condition ; public and private credit were alike prostrated ; lite exchanges were deranged ; the currency was so degraded 3 as to be worth only one-hundredth part of its nominal value, or a cent in the dol¬ lar; industry was paralyzed in all its departments, and discontent and distress overspread the whole country. Under those circumstances, one of the first sub¬ jects which engaged the attention of Congress was the restoration of a sound cur¬ rency. With this view, as early as the 9th of August, 1790, Congress adopted a resolution instructing the Secretary of the Treasury to report to that body at its next session " such further provisions as might, in his opinion, be necessary to establish the public credit." In fulfilment of the duty thus imposed on him by Congress, the Secretary, Alexander Hamilton, on the 14th of December, 1790, made a report to Congress, recommending the establishment of a Bank of the United States. This report was immediately read and committed to a Committee of the Whole. On the 23d of December, the same report was communicated to the Senate of the United Slates, where it was committed to a special committee, who were instructed to take the subject into consideration, and report upon it. On the 3d of January, 1791, a bill was reported to the Senate, which was under consideration from time to time until the 20th of January, when it was passed. We have no means of knowing what were the views taken of the subject by Sen¬ ators, as we have no record of their debates; nor do we know how the vote stood upon the final passage of the bill, as it appears from the journal that the ayes and noes were not taken upon the question. There were, however, several test votes taken upon various important amendments upon which their votes were recorded. The most important of these was the motion to limit the charter to ten insead of twenty years. On this motion, the vote stood—ayes 6, noes 16 ; or, in other words, 16 were favorable to the bank, and 6 adverse to it.—[Journal 1790-'91.] This bill was immediately sent to the House, where it passed without opposition to its third reading. At this stage of its progress, it was bitterly assailed upon the grounds of unconstitutionality and inexpediency, and defended with equal earnest¬ ness by its friends. The debates on both sides are characterized by great ability and research. On the 8th of February, 1791, the question upon the passage of the bill was taken, and the vote stood—ayes 39, noes 20. Thus it will be seen, that in the Senate the votes were near three to one in favor of the bill, and in the House of Representatives they were near two to one. But gentlemen have told us that this was a Federal measure, carried by Federal votes. Now, sir, it is a fact, well known to all who are at all conversant with the history of the formation of parties in our country, that the lines between the Federal and Republican parties, as subsequently understood, were not drawn until near the close of General Washington's administration. But 1 am willing to meet gentle¬ men on their own ground, and to suppose, for the sake of the argument, that the party lines were distinctly marked at the date of the passage of the bank bill. Let us then look at the ayes and noes on the passage of the bill, and class then) politi¬ cally , and what is the result ! I affirm, on the authority of Nathaniel Macon, that of those who voted in favor of the bank, eleven were Republicans in the great strug¬ gles of party which subsequently occurred ; and of those who voted against the bank, six were Federalists. This fact was stated, upon the authority of Mr. Macon, by Mr. McKee, of Kentucky, in his speech delivered in the House of Repre¬ sentatives on the 24th of January, 1811, and reported in Clarke's History of the Bank of the United Slates, p. 298. Had gentlemen taken the trouble to look at the record of this vote, they surely would never have hazarded the assertion that the bank of 1791 was carried by a party vote! Was Nicholas Oilman a Federalist! Was Elbridge Gerry, the Republican Vice President of the United Slates, a Federalist! Were Peter Mublenburg, James Schureman, and Roger Sherman, Federalists ! No, sir, no ! Every man who knows any thing of the history of the country knows that these men were all stanch Republicans. And yet their names are all to be found recorded in favor of the bank of 1791. These facts show conclusively that the bank of 1791 was nut decided upon party principles, or by a party vote. On the 14th of February, 1793, the bill was submitted to President Washington, 4 for his signature. The question being one of novelty and importance, the President, witli that prudence which always characterized his conduct both in war and in peace, called upon his cabinet for their advice. That cabinet consisted of Thomas Jefferson, Secretary of State; Alexander Hamilton, Secretary of the Treasury; General Knox, Secretary of War; and Edmund Randolph, Attorney General. The question was most ably and elaborately examined, and the cabinet was equally divid¬ ed; Mr. Hamilton and General Knox being in favor of the bill, and Mr. Jefferson and Mr. Randolph against it. All the members of the cabinet, except General Knox, gave formal opinions on the question in writing; which opinions cover the whole ground on both sides, and may be read with great profit at the present day. There is one passage in the opinion of Mr. Jefferson, which contains a sentiment so hon¬ orable to him, and so truly republican in its character, that 1 cannot forbear from bringing it to the consideration of the House, and commending it to the attention of members. It is the last paragraph in the " Opinion," and is in these words: " It must be added, however, that unless the President's mind, on a view of every thing which is urged for and against this bill, is tolerably clear that it is unautho¬ rized by the Constitution, if the pro and con hang so even as to balance his judg¬ ment, a just respect for the wisdom of the Legislature would naturally decide the balance in favor of their opinion. It is chiefly for cases where they are clearly misled by error, ambition, or interest, that the Constitution hits placed a check in the negative of the President." Sir, this sentiment ought to be printed in letters of gold, and hung up at the portals of the executive mansion. General Washington gave to this subject his most anxious consideration. He held up the bill to the last moment that he was allowed by the Constitution to retain it, and he tasked all the faculties of his great and comprehensive mind to the utmost, to come to a correct conclusion ; and be finally gave to the bill the sanction of liis name. The gentleman from North Carolina (Mr. Saunders) says that this decision by the Congress and the President ought not to be regarded as authoritative, because it was made in the infancy of the Republic. Here, Mr. Chairman, 1 again join issue with the gentleman. I maintain that there are circumstances which give to this decision of the Government a sanctity which belongs to no othei adjudication. What are these circumstances? In the first place, it was made very recently after the Constitution was formed, and at a period when the views and meaning of its framers were necessarily much better understood than they are now. Secondly, it was made, to a considerable extent, by the same persons who had framed the Constitution itself, and who, of course, are to be presumed to have un¬ derstood its provisions better than any one else. And here, sir, let us resort to the official records, and see precisely how this matter stands. If gentlemen will con¬ sult the journals, they will find that there were in the Senate of the United States, in the year 1791, eight members who had been members of the Convention which formed the Constitution. To avoid all misapprehension, I will give their names, and if any gentleman desires to make the examination for himself, he can do so by referring to the Journal of the Senate 1791, page 234. The names are : John Langdon, New Hampshire ; AVilliam S. Johnson, Connecticut; Rttfus King, New York; Robert Morris, Pennsylvania; Richard Bassett, Delaware; George Reid, Delaware; Pierce Butler, South Carolina; and William Few, Georgia. Of these, the six first named voted in favor of the bank, and the two last named against it. In the House of Representatives, there were also eight members who had been members of the Federal Convention. They were: George Clymer, Pennsylvania; Thomas Fitzsimoris, Pennsylvania; Nicholas Gilman, New Hampshire ; Roger Sherman, Connecticut; Abraham Baldwin, Georgia; Daniel Carroll, Maryland ; James Madison, Virginia ; and Hugh Williamson, North Carolina. The four first nam u! voted for the bank, and the four last named against it. It tints appears, that of the sixteen members ol the Convention which formed the Constitution of tho United States, who were in the Congress of 1791, ten voted for the bunk, and six against it. 5 We also know, officially, that George Washington, the President of the Con¬ vention, and Alexander Hamilton, one of its most distinguished members, were in favor of the Bank of the United States; and we know, too, that James Madison, in 1815, relinquished his objections to the constitutionality of a bank ; so that if we classify the members of the Convention whose opinions on this important sub¬ ject have been officially declared, we will find they stand thirteen in favor of it to five against it, or nearly in the ratio of three to one ! Here 1 leave this point, with this single inquiry, which I throw out for the consideration of those who are to follow me in this debate, Who can be more competent to give a just exposition of the meaning of the Constitution than those who framed it? The third consideration, which seems to me to give peculiar authority to the de¬ cision of the first Congress, is, that it was made without reference to the influences of partj'. The subject was taken up and considered as a financial and business measure, and it was discussed, as all great measures should be discussed in our le¬ gislative halls, with calmness and dignity and mutual forbearance ; and it was de¬ cided, as T have already shown by a reference to the journal, without any regard to those party influences which sometimes sway the judgment of the most virtuous men. The last circumstance, to which I will barely advert, as giving a peculiar au¬ thority to the decision of 1791, is the character of the first President—the Father of his Country. I do not propose, Mr. Chairman, to pronounce a studied eulogy on the character of Washington. Nothing that I could say could add another ray to the halo of glory which surrounds his name. Nor will I stop to combat the views of those who charge that in his administration of the Government he de¬ parted from the true principles of the Constitution. Let others think what they may, I have no hesitation in announcing it as my opinion that George Washington was not only the purest and best, but also the wisest man that this country ever saw ! A benign Providence seems to have created him for the special purpose of achieving the independence of his country, and of establishing its liberties upon sure and permanent foundations. This man, then, fresh from the Convention which framed the Constitution, over whose deliberations he had been chosen to pre¬ side, was called on to decide this great constitutional question. His sound, discrim¬ inating, and, I may almost add, infallible judgment, was enlightened by the able arguments of Hamilton on the one side, and Randolph and Jefferson on the other; and, after the most anxious and mature deliberation, he gave his sanction to the bill1. If all these considerations do not give authority and sanctity to that judgment, what circumstances can give validity to the decisions of a human tribunal ? Thus, sir, the bank of 1791 was established, and during the whole period of its existence its validity was never questioned in our judicial tribunals. And very soon the effects which resulted from its creation vindicated the wisdom of its pro¬ jectors and supporters; for, in the language of the celebrated report of Mr. McDuffie, in 1830, " public and private credit were raised from a prostrate to a very elevated condition, and the finances of the nation were placed on the most solid foundation." I will now hasten on to other incidents connected with the history of the bank. Shortly after Louisiana had been purchased bv Mr. Jefferson, Congress deemed it expedient to establish a branch of the Bank of the United States at New Orleans, and, with that view, a law was passed authorizing the bank to establish branches "in any part of the territories or dependencies of the United States." To this bill Mr. Jefferson, on the 23d of March, 1804, gave his sanction. See Laws of the United Stales 1804, chap. 32. It is well known that Mr. Jefferson was one of the earliest and most able oppo¬ nents of the bank, and his great name is always invoked as authority by the ene¬ mies of the institution; but I submit it to this House and to the country to decide whether, when Mr. Jefferson signed this bill, he did not relinquish his constitutional scruples. How is it possible that an opponent of the constitutional power to create 6 a bank could lend his aid to the extension of the powers and faculties of such an institution ? Whore is the' distinction between conferring unconstitutional powers upon an institution at the time of its inception, and extending the sphere within which those powers shall he exercised, or granting new powers to such an institu¬ tion already in existence? For myself, 1 must confess my inability to perceive it, and I leave the point for political casuists to decide. But there is another law to which 1 will invite the attention of the House, as being calculated to throw some light upon the opinions of IMr. Jefferson. In 1807, it was found that the existing laws to punish frauds and forgeries on the bank were defective ; and to remedy that evil an additional act was passed on the 24th of Feb¬ ruary, 1807, and approved by JVlr. Jefferson, then President of the United States, " to punish frauds committed on the bank." This act will be found in Story's edition of the Laws of the United States, vol. 2, page 1048. A very superficial examination of this law will show that Mr. Jefferson could not have sanctioned it without abandoning his constitutional scruples. In the first place, it recognises the bank as having a corporate existence, for it provides " for the punishment of frauds"—against whom ?—the people ? No ! The stockholders ? No ! But against the corporation—the bank ! Now, it is perfectly clear that if the law creating the bank was unconstitutional, the bank could have no corporate existence, and there¬ fore no " fraud" could be committed upon it. In other words, the law would have been nugatory and inoperative ! We are bound, therefore, to suppose that Mr. Jefferson did recognise the legal existence of the bank, and thai recognition neces¬ sarily implies the power of Congress to pass the law which gave it existence ! But there is yet another link in the chain of official documentary evidence to prove that Mr. Jefferson substantially abandoned his constitutional objections to a Bank of the United States. On the 2d of March, 1809, Mr. Albert Gallatin, Mr. Jefferson's Secretary of the Treasury, and the man who has been significantly called the " mainmast of his administration," whilst the relation of President and Secretary still subsisted between them, submitted an able report to Congress, recommending the recharter of the Bank of the United States. I do not pretend to affirm that this recommendation was made with the assent of Mr. Jefferson; but I leave it for the country to decide whether it is probable, considering the confi¬ dential relations which existed between Mr. Gallatin and the President, that he would have concealed the fact from Mr. Jefferson, that he intended to submit such a report ? I ask, whether it is to be presumed that any Secretary would have ven¬ tured to propose a measure of such vital interest, without the sanction of the Presi¬ dent ? I think not ; and if Mr. Gallatin were to feel himself at liberty to speak, I feel well assured that he would say that Mr. Jefferson was fully apprized of his intention to submit the report of 2d March, 1809, and that it met his approbation ! So much, Mr. Chairman, for the history of the bank of 1791. I will now pro¬ ceed to review some of the leading incidents connected with the abortive efforts to procure a recharter of that bank, and with the struggles which resulted in the charter of 1816. The charter ol the bank was limited to 1811. In 1810 an atttempt was made to renew it, which was not finally acted on. On the 4th of January, 1811, a bill to renew the charter was reported to the House of Representatives by Mr. Burwell. After this bill had undergone a dis¬ cussion, extending through seventeen days, Mr. Newton, of Virginia, on the 21st of January, 1811, moved to postpone the bill indefinitely.—[See Journal 1811, p. 495.] Mr. Newton premised this motion by saying, " I am for laying the legis¬ lative axe at the root of the evil. I am for immediately deciding this question, and turning to some other business; and, for this purpose, I move that the further con¬ sideration of the bill be indefinitely postponed."—[See Doc. Hist. U. S. B., page 196.] This proposition elicited another very able discussion, and, on the 24th of January, 1811, the vote was taken by ayes and noes—[See Journal 1811, page 500]—and the result was—ayes 65, noes 64. So the motion was carried. There is i one fact in regard lo this vote to which I will call the attention of the House, and which I beg leave to commend to the particular consideration of mv colleague from the Buckingham district, (Mr. Hubard.) It is, that John Randolph, of Roanoke, the gentleman's illustrious predecessor, voted against Mr. Newton's motion to "lay the axe to the root," by destroying the bank! The subject of the renewal of the charter was introduced into the Senate, also, at the same session ; and, after full discussion, the proposition to strike out the enacting clause was carried by the casting vote of the Vice President of the United States, the Senate being equally divided, 17 to 17 ; and this division, I will add, was without regard to party; for we find Brent, of Virginia, and William H. Craw¬ ford, in the negative, whilst Giles and Clay, and other distinguished Republicans, were in the affirmative. Thus it will be seen that this measure was lost by a majoiity of one in the House of Representatives, and by the casting vote of the Vice President in the Senate ! And yet this is the decision upon which the gentleman from North Car¬ olina (Mr. Saunders) relies as overruling the decision of the large majorities in the Congress of 1791, and the solemn judgment of President Washington ! For my part, Mr. Chairman, I regard this decision as having none of the authority of a constitutional precedent; for, independently of the leanness of the majorities, there are other circumstances which show that the question was decided, not upon con¬ stitutional grounds, but upon mere considerations of expediency. This is manifest from the fact that we see gentlemen of opposite political opinions voting together; as, for example, Mr. William H. Crawford, of Georgia, and Timothy Pickering, of Massachusetts. But there are other views which show why the bank was not re- chartcred—seven-tenths of the whole stock of the institution was owned by British subjects; and as we were, in 1811, on the eve of a war with Great Britain, every consideration of sound policy would seem to require that such a bank should not be rechartered under such circumstances. Here, Mr. Speaker, let me pause for a moment, to advert to a singular incident in the political history of my beloved native Slate, which tends more strongly than any circumstance within my knowledge to prove the strength of her devotion to what are here termed " Virginia abstractions." In 1811, the Legislature of Vir¬ ginia instructed her Senators, Mr. Giles and Mr. Brent, to oppose the renewal of the charter of the Bank of the United States. Mr. Giles made a speech in the Senate in response to the instructions, in which he denied the right of the Legisla¬ ture to instruct, but nevertheless he yielded practical obedience to the legislative mandate by voting against the bank. Mr. Brent, on the other hand, promptly ad¬ mitted the right to give the instruction, but practically disobeyed it by voting for the bank ! And, strange to say, Mr. Chairman, Mr. Giles, who denied the " ab¬ straction," and yet voted in obedience to the legislative will, lost caste as a politi¬ cian ; whilst his colleague, Mr. Brent, who admitted the " abstraction," and prac¬ tically disregarded it, retained his popularity, without the smallest diminution. These facts I have from many sources, and amongst others from my venerable col¬ league (Mr. Taliaferro) on my right. In the year 1814, the subject of incorporating a Bank of the United States was again renewed. On the 2d of April, 1814, Mr. Grundy, of Tennessee, moved the following resolution : "Resolved, That a committee be appointed to inquire into the expediency of establishing a na¬ tional bank."—[See Journal 1814, p. 380.] This was near the close of the session, however, and no action grew out of it. On the 19th of September, 1814, a special session of Congress commenced, and on the 14th of October, John YV. Eppes, the chairman of the Committee of Ways and Means, addressed a letter to Alexander Dallas, the Secretary of the Treasury, asking him to suggest measures for the revival and maintenance of the public cred¬ it. And here, Mr. Chairman, permit me to pause for a moment, to note the coin- 8 cidence between the course taken by Congress in 1814 and in 1790. In both ca¬ ses the Secretary of the Treasury was called on to suggest measures to establish the public credit. The language is almost the same in both cases. In 1790, Hamil¬ ton is called upon to report measures lot "establishing the public creditand in 1814, Dallas is requested to suggest "such additional provisions as may be neces¬ sary to revive and maintain unimpaired the public credit." It would seem, from the similarity of the means used, that the Congress of 1814 was aiming, indirectly, at the same end which was attained by the inquiry of 1790, viz: the recommenda¬ tion of a Bank of the United States. Whether such was the intention or not, it is very certain that such was the result ; for, on the 17th of the same month, Mr. Dallas responded to the inquiry by recommending the establishment of a national bank. After full consideration of this communication of Mr. Dallas, the committee reported a resolution in these words : "Resolved, That it is expedient to establish a national bank, with branches in the several States."—[See Journal 1814, p. 504.] Upon this resolution some proceedings were had, which I commend to the atten¬ tion of those gentlemen who are opposed to the branching power of the Bank of the United States. Mr. Stanford moved to strike out the latter branch of the resolu¬ tion—" with branches in the several States." Upon this question the ayes and noes were taken, and the vote stood—ayes 14, noes 138 ; and among the noes were P. P. Barbour, of Virginia ; J. C. Calhoun, of South Carolina; J. W. Eppes, of Vir¬ ginia ; J. Forsyth, of Georgia ; C. J. Ingersoll, of Pennsylvania ; J. G. Jackson, of Virginia ; William R. King, now of Alabama ; W. Lowndes, of South Carolina ; and Alfred Cuthbert, of Georgia ; and a host of other distinguished Republicans.—[See Journal 1814, p. 584-5.] The amendment having been defeated, the question recurred on the adoption of the original resolution. And here 1 take leave to say, that this is the only occasion within my knowledge on which the abstract question of bank or no bank has been submitted to Congress, unembarrassed by any matter of detail in the particular measure proposed. It presents the naked question, to be decided without reference to any extraneous circumstances ; and hence the decision possesses more interest and more authority as a precedent than any other decision within my knowledge. Now, sir, how do you suppose the vole stood ? If you will consult the Journal of 1814, pages 505-6, you will find that upon this abstract proposition the vote stood— ayes 93, noes 54, or nearly two to one in favor of it. And if you will look at the ayes and noes, you will find recorded in the affirmative the names of John C. Cal¬ houn, the distinguished Senator from South Carolina, who but the other day told the Senate he was always opposed to a bank " in the abstract;" Mr. Cuthbert, now a Senator from Georgia; Mr. Forsyth, late Secretary of State; Mr. C. J. Ingersoll, the distinguished gentleman from Pennsylvania, whose democracy no man will pre¬ tend to question ; Mr. S. D. Ingham, of Pennsylvania ; Mr. William R. King, now a Senator from Alabama ; Mr. Lowndes, of South Carolina, and many other dis¬ tinguished Republicans, as well as those of Mr. Gaston, Mr. Webster, and other dis¬ tinguished Federalists. Without going further into details, it is sufficient to say that a bill was introduced and passed in the Senate by a vote of 17 to 14, and which was rejected in the House by the casting vote of the Speaker.—[See Journal 1815, pp. 638-9.] A few days afterwards this vote was reconsidered by a vote of 107 to 54, most of the Republicans voting for it.—[See Journal 181.5, pp. 641-2.] The bill was then recommitted to a select committee, who shortly afterwards reported it with amend¬ ments, reducing the capital from fifty to thirty millions of dollars, and it was passed by a vote of 129 to 31, most of the leading Republicans again voting for it.—[See Journal 1815, pp. 652-3.] This bill was sent to Mr. Madison for his signature, and on the 30ih of January, 1815, he returned it with his objections, or, in other words, he vetoed the bill. But. 9 sir, did he rest his objections on constitutional grounds'? Let his message answer lor him. In that memorable document, Mr. Madison used these strong expressions:. " Waiving the question of the constitutional authority of the Legislature to estab¬ lish an incorporated bank as being precluded in my judgment by repeated recogni¬ tions, under varied circumstances, of the validity of such an institution, in acts of the Legislative, Executive, and Judicial branches of the Government, accom¬ panied by indications in different modes of the concurrent will of the nation, the proposed bank does not appear to be calculated to answer the purposes of reviving the public credit, of providing a national medium of circulation, and of aiding the Treasury, by facilitating the indispensable anticipations of the revenue, and by af¬ fording to the public more durable loans." Here, Mr. Chairman, it will be seen that Mr. Madison distinctly abandons his constitutional objections, and, treating that question as settled, he rests his veto on the defects in the provisions of the bill itself. When the bill was thus returned by Mr. Madison, with his objections, an attempt was made to pass it through the Senate, in opposition to the veto, by a vote of two- thirds, but it failed—ayes 15, noes 19. On this proposition, Mr. Giles, the Repub¬ lican Senator of Virginia, voted ay, or, in other words, for the passage of the bill. [See Doc. Hist. Bank U. S., p. 596.] This bill having failed, Mr. James Barbour, a distinguished Republican Senator from Virginia, immediately introduced another bill, conforming to the views of the President; but this bill was not pressed, as is believed, in consequence of the news that a treaty of peace with Great Britain had been concluded. On the 5th of December, 1815, Mr. Madison, in his annual message to Congress, called their attention to the subject of a uniform currency, and mentioned a Bank of the United States as one of the agents which would aid in furnishing it. This rec¬ ommendation was seconded by a very able report from Mr. Alexander Dallas, then Secretary of the Treasury, in which he showed the indispensable necessity of such an institution. The recommendations were promptly responded to by Congress. That part of the President's message which referred to the currency was referred, on the following day, 6th December, to a special committee, consisting of Mr. Cal- hoon, of South Carolina ; Mr. Macon, of North Carolina ; Mr. Pleasants, of Virginia ; Mr. Hopkinson,of Pennsylvania; Mr. Robertson, of Louisiana; Mr. H. St. G. Tucker, of Virginia; and Mr. Pickering, of Massachusetts.—[See Journal 1815, p. 26.] On the 8th of January, 1816, Mr. Calhoun reported the bill to establish a Bank of the United States.—[See Journal 1816, p. 136.] After a very protracted de¬ bate, the question was at length taken on the passage of the bill in the House of Representatives, when it passed by a vote of 80 to 71.—[See Journal 1816, pp. 489 and 490.] In the Senate, this bill passed by a vote of 22 ayes to 12 noes, and it received the sanction of President Madison. Here, Mr. Chairman, let us pause to analyze these votes, that we may see how far the charge that this bank was a Federal measure, carried by Federal votes, is sustained by the record. The ayes and noes are now before me, and I have pre¬ pared a careful analysis of them, which exhibits the following result: In the Sen¬ ate, of the twenty-two who voted for the bank, seventeen were Republicans,, and five were Federalists; and, of the twelve who voted against it, seven were Federalists, and five were Republicans. In the House of Representatives, of the eighty members who voted for the bill, sixty-seven were Republicans and thir¬ teen were Federalists, whilst, of the seventy-one who voted against the bank, thirty were Republicans, and forty-one were Federalists ! And yet gentlemen tell us that this was a Federal measure!—a Federal measure! though two- thirds of the Federalists voted against it, and two-thirds of the Republicans in both Houses voted for it ! But the gentleman from North Carolina (Mr. Saunders) tells the House that the constitutional question was not raised in 1816 ! The Federalists were estopped from raising it; and as the Republicans intended to vote for it, of course they would not raise it! I must confess, this is a novel doctrine to me. The constitutional 10 question not raised ! IJow was it possible to avoid it ? Does not the constitutional power, or, in other words, the jurisdiction of Congress over the subject-matter un¬ der consideration, arise in every conceivable case 1 Does it not lie at the threshold of every question? If you have no constitutional power over a subject, you cannot act upon it at all; and, if you do act upon it, the conclusion that, in your opinion, you have the [rower to act, is a necessary consequence of your action. Away, then, with this notion that the constitutional power was not drawn in ques¬ tion in 181G! It was questioned, it was debated, and it was decided! But, sir, it may not be uninteresting or unprofitable to let the country know who some of these Federalists were, who conspired to fasten this horrible monster of a Bank of the United States on the country in 1816 ! Taking the ayes alphabeti¬ cally, I find among them Mr. John C. Calhoun, the distinguished Senator from South Carolina ; next we find Mr. Alfred Cuthbert, now a Senator from Georgia; and next Mr. Forsyth, of Georgia, late Secretary of State. Then follow, in rapid succession, Mr. Ingham, the former Secretary of the Treasury under General Jack¬ son's Administration ; John G. Jackson, the predecessor of my colleague, from the Clarksburg district, (Mr. Hays ;) Mr. Kerr, the predecessor of my colleague from the Halifax district, (Mr. Coles;) Mr. William R. King, then a Representative from North Carolina, but now a Senator from Alabama ; Mr. Lowndes, of South Carolina ; Mr. Lumpkin, of Georgia ; General William McCoy, the predecessor of my colleague from the Rockingham district, (Mr. Harris ;) Mr. Samuel Smith, of Maryland, late a distinguished Democratic Senator from that State; and Judge Henry St. George Tucker, at present the able and respected president of the court of appeals of Virginia, and the acknowledged head of the Democratic party in that State. These are a few examples, Mr. Chairman, of the Federalists who were in¬ strumental in inflicting this deep wound upon the Constitution of their country ! Now, sir, let us look upon the other side of the picture, and see who were the stanch Democrats who resisted this monstrous encroachment on the liberties of the people ! Sir, I do not mean, in any thing I tuay say, to be understood as casting any imputation on the motives of the Federalists, or as endorsing any of the vile calumnies which have been propagated against their character. Although I dissent widely from their doctrines, I believe that the Federal party was influenced, in the main, by as elevated and patriotic impulses as any party that ever existed. No, sir! far be it from my purpose, at any time, to denounce a party which numbered amongst its members Washington and Adams and Hamilton and Marshall, and a host of the noblest spirits of the Revolution ! I merely advert to the party distinc¬ tions of the day to rebuke the authors of the assertion that the bank was a Federal measure, carried by Federal votes. Who, then, were those who were most distin¬ guished for their opposition to the bank ? First, sir, I will name General James Breckenridge, of Virginia—a gentleman conspicuous for his elevated character and sound judgment, but who was a consistent Federalist to the day of his death. Next in order I will mention Judge Gaston, of North Carolina; Joseph Lewis, of Vir¬ ginia; Timothy Pickering, of Massachusetts; and my lamented and distinguished personal friend, the late Daniel Shefley, of Virginia, who then represented the dis¬ trict from which my colleague in front of me (Mr. Hopkins) now comes, and who always gloried in being called a Federalist. Last, but not least, among the op¬ ponents of the bank in 1816 was Daniel Webster, now Secretary of State, but then a Representative from New Hampshire—a man, who, if the political journals of the day are to be taken as authority, is the very impersonation of every vile po¬ litical heresy which a spirit of lawless usurpation ever generated ! Thus you see who were the Federalists who voted for this bill, and who the Democrats who voted against it! Having now completed this general view of the subject, let me turn for a moment to examine what has been the course of Virginia " the flag-ship of Democracy." on this great question. How did her delegation stand upon this memorable occasion ? From the constant clamor which is kept up about the devotion of Virginia to "Democracy," as gentlemen call it, and her steadfast and uniform opposition to all implied powers, you would naturally be led to expect that she presented, 11 on that occasion, an unbroken front. But how stand the facts ' Virginia, in 1816, had twenty- two Representatives, and, upon the passage of the bill, eighteen were present, and voted as foLlows : Making eight for the bill and ten against it. Four members were absent, viz: Hugh Nelson, James Pleasants, Magnus Tate, and W. H. Roane. Classed politically, the delegation stood, nineteen Republicans and three Federalists. The Federalists were, Breckenridge, Lewis, and Sheffey, every one of whom voted against the bill, whilst every man of the delegation who voted for it was a Republican. But we are not left in the dark as to the sentiments of the absent members ; for, after the vote was taken on the passage of the bill, it was sent to the Senate, whence it was returned to the House with amendments ; and, on the 5th of April, 1816, Mr. Randolph moved to postpone the consideration of the bill and amendments indefinitely.—[See Journal, p. 593.] This motion gave rise to much debate, and, the vote being taken, it stood—ayes 67, noes 91. Before this vote was taken, the members from Virginia who had been absent at the former vote had returned to their seats, and three of them, viz : Messrs. Pleasants, Tate, and Nelson, voted against the motion for indefinite postponement, whilst only one, Mr. Roane, voted for it. Yes, sir, strange as it mav seem to some gentlemen, Mr. Hugh Nelson, the predecessor of my colleague on my left, (Mr. Gilmer,) and the immediate representative of the Monticello district, voted for the bank. Where that gentleman was when the vole on the passage of the bill was taken, whether he was in the city or had gone home to consult the Mountain Sage as to the vote he should give, I will not pretend to say, though, if I were to hazard a conjecture on the subject, it would be the latter ! Adding these absentees to the ayes and noes as given on the passage of the bill, we have eleven of the Virginia delegation voting for the bank, and eleven against it. But, of the eleven who voted against it, three were Federalists, whilst all those who voted for it were Republicans. These, sir, are authen¬ tic facts. But this is not all. Let us look to the Senate of the United States. There you will find that both the Republican Senators from Virginia, James Barbour and A. T. Mason, voted for the bank ? Where, then, sir, was the potential voice of Virginia ? Where were her instructions to her Senators ? Did the sentinel sleep on the watchtower ' Let it not be said, Mr. Chairman, that this question was suddenly sprung on the public, and that Virginia had no time to make her voice heard in the councils of the nation. No, sir ; the facts will not warrant such an assertion. The question had been the subject of discussion during the whole preceding session of Congress, when the Virginia Legislature was also in session, and yet not a murmur of disapprobation was heard—not a movement of opposition made. At the commencement of the session of 1815—' 16, the subject was again brought to the attention of Congress, by the message of the President and the report of the Secretary of the Treasury. The Legislature of Virginia commenced its sessions cotemporaneously with Congress, and continued in session for months, and yet we have not a whisper in the form of a remonstrance 1 Why was this ! Has it been the habit of Virginia to be dumb, when she believes the Constitution is threatened with danger ' No, sir! she has always been accustomed to give full expression to her opinions; and we are authorized to infer from the absence of all opposition to the establishment of a bank, that she, too, like her beloved and trusted Madison, had "waived" her constitutional scruples! Sir, need I tell this House who James Barbour is> No, sir. He stands out in bold relief as one of the most distinguished of Virginia'a sons—a man and a politician without spot or blemish! He commenced his career when but a boy, as the colleague and friend of Madison, in the Legisla¬ ture of Virginia, in the memorable session of 1798-'9 ; and there, sir, he first won distinction by ad¬ vocating the celebrated report of his colleague. In after life, he filled every station within the gift: of his native State, to say nothing of the distinguished offices which, at various times, he held un¬ der the Federal Government; and he still lives to enjoy the richest reward of a well-spent life—the confidence and affectionate respect of all who know him. These facts are surely enough to sustain the proposition that Virginia herself favored, or, at least, did not oppose, the bank of 1816. If gentlemen wish any fuither evidence, let me point them to the fact that a vacancy having occurred in the Senate of the United States, by the resigna¬ tion of Mr. John W. Eppes, in December, 1819, Mr. James Pleasants, who had, as a member of the House of Representatives, voted for the bank of 1816, was elected to fill that honorable station. And, to crown all, in 1824, Virginia, by a large majority, cast her Presidential vote in Ayes. Th. Gholson, A. Hawes, J. P. Hungerford, J. G. Jackson, J. Kerr, Wm. McCoy, Ballard Smith, Henry St. George Tucker. Noes. P. P. Barbour, B. Bassett, J. Breckenridge, J. Clopton, P. Goodwyn, J. Johnson, J. Lewis, T. Newton, J. Randolph, D. Sheffey. 12 favor of William H. Crawford, the man who, through good and through evil report, had been the stanch, undeviating friend of the bank, and whose reputation as a statesman rested more upon his able and uniform support of that institution than upon any other measure whatever. With this historical review of the bank question, I leave it to this House and to the country to say how far I am sustained in my assertion that the bank of 1791 was not a measure of the Federal party, and that the bank of 1816 was emphatically a Republican measure. There is yet another view of this question, which 1 wish to present to the House, and particular¬ ly to Southern members. The impression has prevailed very extensively that the Bank of the United States was a Northern measure, forced upon the country by Northern votes, at the expense of Southern interests. In other words, we of the South have regarded it as a cunningly devised scheme of our Northern friends to take money out of our pockets and put it into theirs. Now, I beg gentlemen to hear with me while I make an analysis of the vote of 1816, in reference to the great geographical divisions of the country into North and East, Middle and South and West. If gentlemen examine for themselves, they will find that the votes stood thus : Northern and Eastern Division. For passage. Against passage. New Hampshire - 1 5 Massachusetts - 7 7 Rhode Island . o 0 Connecticut 2 5 Vermont . 1 4 13 21 Middle Division. New York 12 8 New Jersey . 4 2 Pennsylvania - 6 12 Delaware - 0 2 22 24 Southern and Western Division. Maryland . 4 3 Virginia . 8 11 North Carolina - 9 3 South Carolina - 7 1 Georgia - 5 1 Kentucky . 4 4 T ennessec 3 1 Ohio - 3 2 Louisiana - 1 0 44 26 From this table it will appear that the Northern and Eastern States were strongly opposed to the- bank—that the Middle States were comparatively indifferent as to its fate—whilst the South and West carried the bill, giving nearly two-thirds of their votes in its favor ! This is a very striking fact, and it has given rise to some reflections in my mind as to the probable reason of it, and I invite the attention of my friends from South Carolina especially to one view which has presented itself to my mind. We of the South have always opposed a tariff for protection, on the ground that the duty en¬ hanced the price of merchandise, and that the consumers of the South ultimately bore the burden ; or, in other words, that the duty was a bounty to the Northern manufacturer, which was paid by the Southern consumer. Without pretending to discuss the precise extent to which this argument is sound, I am willing, for the present, to admit its truth to the full extent. B ut let us see if there is not another mode of taxing the South and West for the benefit of the North, which is equally objectionable in principle, and equally onerous in practice. I allude to the derangement in the exchanges of the country. We all know that the Northern are the importing and manufacturing States, while the Southern are the consuming States. In 1816, Mr. MeDuffie tells us, in his report, that the average rate of exchange between the Northern and Southern divisions of the Union was about ten per cent, in favor of the North ; and it is not a great deal less now. Now, how did this derangement operate practically, and how does it operate now ' The whole amount of our imports is now estimated at one hundred and forty millions of dollars. Let us suppose that fifty millions of this amount are consumed in the Southern and Western States. What is the process which must be passed through before these goods are consumed ■ In the first place, they are imported into the Northern cities, and the Southern merchants go there to lay in their supplies. They either take with them their local paper, which is at a discount of ten per cent., or they pay a 13 premium of ten per cent, at home for a draft on one of the Northern cities. If they take the local paper with them to market, they are not able to buy goods with it at cash prices, and they are therefore compelled either to go to the broker's shop and have the money shaved at ten per cent., or they let the merchant indirectly turn broker, and exact the premium in the enhanced price of the goods. What do the Southern merchants do next > Do they lose this ten per cent, out of their profits ? By no means. The amount paid as a premium for the draft, or the amount paid to the broker, is essentially just as much a part of the price paid for the goods as the amount paid to the importer. The merchant so regards it, and in fixing his price on his goods he always adds to the amount paid to the importer the amount of the brokerage or premium, and then lays his profit 011 the aggregate ; and the consumers—the farmers and planters of the country—pay the whole. And who enjoys the benefit ? Is it not the brokers and money-changers of the North ? I beg gentle¬ men to look at this proposition seriously. If the South consumes fifty millions of imports, and if the brokerage or premium on exchange is ten per cent., I ask, does it not operate to tax the South to the amount of that ten per cent, or five millions of dollars, for the bonefit of the North ? Or, to bring the case home to ourselves, do not the constituents of every gentleman on this floor who con¬ sume $100,000 worth of merchandise, brought from the North, pay a tax to the Northern brokers to the extent of five or ten thousand dollars, as the rate of exchange may happen to be five or ten per cent. ? I am aware that this state of things could not continue permanently, but it is always the case upon any sudden and violent revulsion in the business of the country, which disturbs the currency and deranges the exchanges. May not this view of the subject furnish some clew to the reason which governed the votes of the Union in 1816 > Our Northern brethren are shrewd and sagacious in seeing the different sections of their interests; and if they found that the derangement of the currency was " enuring to their benefit," is it a matter of surprise that they should be opposed to a bank which would restore a uniform currency, and equalize the exchanges, and deprive the swarm of brokers and money-changers, who always reap in the field of a deranged currency, of the rich harvest which they were gathering ' The middle country occupied a position of comparative neutrality, and hence you find that the representation from that country was almost equally divided, whilst the South and West, who were the principal sufferers, were the warmest advocates of a bank and its consequences—a sound cur¬ rency and equal exchanges. If this view of the subject be correct in regard to the year 1816, is it not equally correct in regard to the present time > And I call upon members from the South and West to say whether the interests of their constituents do not imperiously require that they should now go for a bank. Having thus presented an outline of the political history of the bank, I propose to submit a few observations in regard to it, as connected with the currency and business of the country. I have already adverted to the effects of the bank of 1791 in restoring to the country a sound currency, and I shall not return to that early period of our history. But I wish to look at the state of things which followed the dissolution of the bank in 1811. Gentlemen here found their objections to the bank on their hostility to the paper currency system. Now, sir, I wish it to be understood that no man can be more hostile to our present unregulated banking system than I am. But I am a friend to the credit system, properly guarded. I go for a currency which is somewhat assimilated to our political institutions. I go for a local currency for local purposes, and a general or national cur¬ rency for purposes of trade between the several States. This can only be effected by means of a national bank, as the experience of the country, from the foundation of the Government, has shown. Before the bank of 1791 was established, we had a degraded currency and a prostrate credit. That institution re-established both, and they continued in a sound condition as long as the bank existed. As soon as it went down, we again had the currency degraded, the exchanges deranged, a general suspension of specie payments, emissions of Treasury notes, and floods of shinplasters through the whole country. The bank of IS 16 caused the State banks to resume specie payments, restored a sound currency and equal exchanges, and brought back prosperity to the country, which continued until the expiration of the charter in 1836. Scarcely had it ceased to exist, before precisely the same results which had ensued upon the destruction of- the bank of 1811 again took place. We again have general suspensions of specie payments—again new emissions of Treasury notes—again new floods of shinplasters—derangement of the exchanges and distress and ruin throughout the land. I am for applying the same remedy now which gave efficient relief, under similar circumstances, in 1816. But we are told by the gentleman from North Carolina (Mr. Sacv 11 ehs) that the bank did not regulate the exchanges of the country, nor did it aid in the resumption of specie payments." To the first assertion I oppose the official tables accompanying Mr. AlcDufiie's report of 1830, from which it appears that the average rate of exchange during the existence of the bank was from one- fourth to one-half of one per cent., instead of from five to ten per cent., as it has been for the last three years. And I add the further fact, stated by Mr. Gallatin in his pamphlet on Banking, that ill 1832 the amount a>f exchanges negotiated by the Bank of the United States was two hundred and forty -two millions of dollars, at an average rate of one-eleventh of one per cent. To the latter assertion made by the gentleman from North Carolina (Mr. Sauxoebs) I oppose the statement of Mr. Calhoun, contained in the following extract from a speech delivered by him in the Senate in 1832 : 14 "I might say with trjth that the bank owes as much to me as to any other individual in the country ; and I might even add, that had it not b^en for my efforts, it would not have been chartered." " I must content myself with saying, that, having been on the political Stage without interruption from that day to- this, (having been au attentive observer of the question of the currency throughout the whole period,) the hank has been an indispensable agent in the restoration of specie payments; that without it the restoration could not have been effected short of the utter prostration of all the moneyed institutions of the country, and an entire depreciation of bank paper; and that it has not only restored specie payments, but has given a currency far more uniform be¬ tween the extremes of the country than was anticipated, or even dreamed of, at the time of its creation." But, to illustrate my views of this subject still more clearly, I will submit a few statistical tables, which will show the effect of a national hank in keeping a cheek upon the State banks, and the wild excesses into which they must inevitably run whenever that cheek is removed. In 1811 the whole number of banks was 85. Capital $52,510,000 Circulation ------- 28,000,000 Specie -------- - 15,000,000 In 1816 the whole number of banks was 242. Capital ---------- 91,000,000 Circulation - -- -- -- - 66,500,000 Specie --------- - 19,000,000 Thus it will be seen that, in the brief period of five years which intervened between the banks of 1811 and 1816, the number of banks was nearly trebled, the circulation was increased in the same ratio, or thirty eight million; of dollars, whilst the specie was augmented but four millions of dollars. Pursuing this view of the subject still further, it will be found that, in 1830, the whole number of banks was 330. Capital ---------- $145,000,000 Discounts 200,000,000 Circulation - -- -- -- -- 61,000,000 In 1838 the whole number (see Raguet on Banking, p. 251) was 829. Capital ---------- 317,000,000 Discounts - -- -- -- -- 485,000,000 Circulation - -- -- -- -- 116,000,000 From these tables it will bo seen that the increase in the number of banks from 1816 to 1830, a period of fourteen years, when we had a Bank of the United States, was only 8S, whilst the increase of the number from 1830 to 1838, a period of eight years, when we had no Bank of the United States, was 499 ! The increase in the capital of the banks in the first-named period was about fifty-four millions of dollars, whilst in the last-named period it was about one hundred and seventy-two millions. And, what is still more remarkable, it will be found that one hundred and thirty millions of that increase was made in those States in which the Democratic anti-bank party had the most decided political ascendency ! But I am admonished, Mr. Chairman, by the progress of the minute hand of that clock (pointing to the clock of the House of Representatives) not to dwell upon those statistics, and I will dismiss this branch of the subject with one or two practical remarks. The first is, rhat whenever we have had no Bank of the United States, our monetary affairs have been in confusion, we have had extrav¬ agant issues of paper money, general suspensions of specie payments, and prodigal emissions of Treasury notes ; whilst, during the forty years that we had a Bank of the United States, we had a sound currency, no general suspension of specie payments, a uniform system of exchanges, and a well-regulated and substantial system of credit. The second is, that during the forty years that a Bank of the United States was employed as the fiscal agent of the Government, the country never lost a dollar by it ; while on the other hand, dur¬ ing the twelve years that the Government has used other agencies in collecting, keeping, and dis¬ bursing the public moneys, millions have been lost ! I shall not pretend, Mr. Chairman, to go into an examination of the constitutional power to es¬ tablish a bank as an original proposition. I have neither the time nor the inclination to do so. The arguments are familiar to the House and to the, country. I regard that question as settled by the judgment and acquiescence ot both the great political parties of this country, in both branches of Congress, under circumstances ot the most solemn and imposing character—bv the unanimous judgment of the Supreme Court of the United States, with John Marshall at its head, and by the sanction, either directly or indirectly, of every President and of every Secretary of the Treasury, from the foundation of the Government to the present day. But there is one view of the subject which, as I have not seen it adverted to elsewhere, I will submit for the consideration of the House. The gentleman from North Carolina (Mr. Saundeks) tells us that this is a Government of enume- rated powers. I grant it. But the Constitution contains this among the other enumerated pow¬ ers : " Congress shall have power to make all laws which shall be necessary and proper for car¬ rying into effect the foregoing powers, and all other powers vested by this Constitution in the Government of the United States, or in any department or office thereof." Is this provision a mere dead letter, or was it intended to have an efficient practical operation in conferring on Congress a power to discriminate in regard to the means " necessary and proper" to carry into effect the powers specifically enumerated ? I presume the latter proposition will not be controverted by any one ; and the only difficulty arises in regard to the extent of this power. Gentlemen tell us that meas¬ ures, to come within the influence of this provision, must not only be "necessary," but indispen¬ sably necessary ; the necessity must be overruling and absolute ; the measure proposed must have such an intimate and inseparable relation to the specified powers, that it cannot be carried into ef¬ fect in any other manner. If any other means can be found to give effect to the power, then all other measures, though they may be more convenient, cease to be indispensably necessary, and are therefore unconstitutional. Upon this view of the subject gentlemen argue that, as the Govern¬ ment can exist and perform its functions without the aid of a national bank, though such an insti¬ tution may be highly beneficial and convenient to the people and the Government, it is not consti¬ tutional because it is not indispensably necessaty ! Now, sir, I have several objections to this train of reasoning. In the first place, it is in direct opposition to my principles of strict and literal con¬ struction, as applicable to the Constitution of the United States. It assumes that you are not to take the Constitution as it stands, but that you shall be at liberty to interpolate the word "indis¬ pensably" before the words " necessary and proper," so as to qualify and restrict the meaning of those terms. In the next place, it gives to the word " necessary" a meaning entirely different from its common acceptation. And, finally, it gives to it a sense different from that in which it is used in other parts of the Constitution. It is one of the cardinal rules of construction, that every instru¬ ment is its own best expositor ; and hence, in endeavoring to ascertain the meaning of any partic¬ ular provision, you must look to the context—you must take the whole instrument together ; and where the same phrases occur in different parts of it, you may infer from the use made of particular words in one part of it what meaning was intended to be attached to them in another, Now, let us apply this familiar principle to the Constitution of the United States, and see if it will throw no light on the subject. In the1 first place, by reference to the 10th section of article 1 of the Consti¬ tution, in regard to the power of the States to lay duties on imports or exports, it is limited to cases in which it is " absolutely necessary" for executing the inspection laws. Thus it will be seen that when the Convention wished to convey a restricted idea, they employed qualified and restricted terms. But in the 3d section of article 2, in which the duties of the President are prescribed, he is required "from time to time to give Congress information of the state of the Union, and recom¬ mend to their consideration such measures as he shall judge necessary and expedient." What is the meaning of the words " necessary and expedient" in this clause of the Constitution ? Will gen¬ tlemen give the same restricted interpretation to them here as in the section enumerating the pow¬ ers of Congress ? Will they interpolate the word "indispensably" as an antecedent to the words " necessary and proper" here also ? If they follow the plain dictates of common sense, or the es¬ tablished rules of construction, they must do so here if they do so in the other case ; for the framers of the Constitution must be presumed to have used the same words in the same sense in the same instrument. But what would be the effect of giving this narrow and unreasonable construction to this clause of the Constitution ? The President would not be at liberty to look to the interests and the honor and the happiness of the country, and recommend such measures as would promote its wealth and prosperity, but would be limited to such measures as were indispensably necessary to national existence. Ho would be compelled to disregard all the lights of experience—to suppress all the emotions of patriotism which might swell in his bosom—to reject all the improvements which might tend to ameliorate the social and political condition of his country, and limit his recommend¬ ations to such measures as were indispensably necessary to the existence of a half-civilized nation ! Need I argue to prove the absurdity of such a proposition as this > And yet, if the rule of construc¬ tion be applicable in the one case, it is in the other ! The true principle I apprehend to be this— in both cases a wide discretion is allowed in regard to the means to be used. 'The President is to recommend such measures as are, in his opinion, suitable and convenient to promote the general welfare of the nation, and Congress is to make such laws as are, in their opinion, most suitable and convenient to carry into effect the powers which are specifically conferred on them for the same great end. And if, in the judgment ot Congress, a Bank of the United States is such a means, it clearly falls within the influence of that clause of the Constitution. These, Mr. Chairman, are some of my views of this important question. I have dealt but little in speculation, and have confined myself principally to a detail of historical facts. I have investi¬ gated the history of the bank with much care, and if I have fallen into any error, I am not aware of it. But, as I intend that these facts shall go before the country, and as there will be a full oppor¬ tunity afforded to gentlemen in the course ot this debato to correct any inaccuracies in my state¬ ments, I invite the most rigid scrutiny upon every point ; and if I have inadvertently misrepresented any thing, it will give me pleasure to correct it. SPEECH /2.» . ARCHER, OF VIRGINIA, DIXIYXRKD IH THE SENATE OF TIE UNITED STATES, IN (SECRET SESSION, MAY, 1844, TBE TREATY FOR THE ANNEXATION OF TEXAS. WASHINGTON: PRINTED EY GALES AND SEATOJY. 1844. SPEECH. Mr. ARCHER said: He could not be insensible of the disadvantage to which his peculiar position, throwing him the last in the debate, must ex¬ pose him, in the protracted and exhausted condition of it. It was a circumstance of alleviation, however, his being, from this cause, ena¬ bled, to present a synoptic rather than argumentative view of the consid¬ erations which he wished to press on the attention of the Senate. The organ of the committee which had recommended the rejection of the treaty, and concurring in their judgment, it was due alike to both that the grounds of his and their opinions should be exhibited. He had, he must admit, how¬ ever, a further motive for taking part in the discussion, even at this uninviting stage. Look at the momentous character of the question. When, how often, in our, in any history, had a question of this unapproached magni¬ tude—of the acquisition of an empire of scarcely less extent than our Confed¬ eracy—been presented? And this great question was complicated with others, however seemingly subordinate, refusing separation, and claiming to assert control of it. Such a theme might well assert an exciting influence on the least confiding aspirants in debate. This great theme, too, had awak¬ ened through the land excitement extreme in intensity as extent. He (Mr. Archer) thought this excitement was to be attributed to the transposition in tile public mind of the just order of topics anrj inquiry. The desirable¬ ness of the acquisition of Texas was first or alone thought of—not at all, or inadequately, the considerations which entered into and made a question of the fitness of the acquisition, of its consonance to the authorized action, to the fair reputation of the Government and the country. These were not considerations to be excluded from the estimate on which a sound and just conclusion must be founded. His own quarter of the country, Mr. Archer went on to say, partook, as he was advised, as largely as any other of the prevalent excitement; the cur¬ rent was said to run strongly in favor of the ratification of the treaty. He could not speak with certainty, as he had been absent; it might be so ; he had given himself no great trouble to inquire. It was his desire to be always found expressing the sentiments of his constituents. This was the second of his objects in public life, (they were but two :) the first was, to do right for his constituents, and discharge his and their duty to the Constitution and the country. It was of small consequence to himself personally, hav¬ ing enjoyed a continuance of public life which ought to content his ambi¬ tion, whether he was correct in the opinion. But he believed that this was the true way to the favor of the major part of his constituents and of the people. If it were otherwise, his course was not the less determined, by the light of conviction, to explore the path of duty. Whilst on this topic, he must be permitted to say, that whilst on many subjects public sentiment ought to be decisive, and in nearly all ought to enter, for an important element, in the formation of our determinations here, there might be presented occasions and cases in which we ought to ex¬ pect, certainly to endeavor, to give shape to public sentiment. And what classes of occasions and cases were these ? Those in which, from more 4 favorable opportunities of information, or larger advantages of advisement, our lights of knowledge must be superior to those of our constituents. This, as he apprehended, was the case in the present instance. And, for himself, he had little doubt that the public mind, aiming to reach just con¬ clusions, would, however swayed for the moment by excitement in an ad¬ verse direction, in no long time settle, on the view which the decision we were to-night to render would announce. The Senator from Missouri, (Mr. Benton,) who had led this debate with an ability which did him honor, had claimed to have been the pioneer in denunciation of the alienation which our Government had made of Texas by the treaty of 1S19 with Spain. He (Mr. A.) might claim to have been little behind the Senator in this path, and even to have got be¬ fore him, when it had reached the halls of Congress. The dilatory forms of Spanish diplomacy, by allowing the period for ratification to expire, had restored the treaty to our control in 1820, and resolutions had been sub¬ mitted in the House ot Representatives by a gentleman (Mr. Clay) then and since much distinguished, with the avowed design of procuring the frus¬ tration of the treaty. In the debate on these resolutions, which had oc¬ curred a short time after he (Mr. A.) had first taken his seat in that body, his voice had been raised for the first time in reprobation of the policy of the surrender of Texas. On this point he retained his opinion unchanged ; and as he thought the alienation then unadvised, so he deemed the reacquisition now advisable. But mind ! it was the reacquisition, not the reannexation of the country which he sustained ; for these two phrases, however seem¬ ingly identical, had come to be of very variant import. Reacquisition meant, that we were to get back the country on such terms as we might deem expedient, and find attainable. Reannexation imported that the country was ours still, notwithstanding that we had made a formal surren¬ der of it for equivalents. The argument to sustain the title of reannexation was, that, having received the country from France, with a condition of incorporation of the inhabitants into our Union, the obligation of this con¬ dition was indefeasible—invalidated any transfer of the territory. But there were no people in the territory to be incorporated, and the engage¬ ment in question could be applicable only to population, and that not a su¬ perinduced, but indigenous population. We had received, too, Florida, and held Florida, in compensation of our transfer of Texas. If we were to reach out one hand for the reclamation of Texas, must we not extend the other at the same moment for the surrender of Florida? Why the first engagement more binding than the last ? A compact obsolete, break and dissolve another of the same character in full force and opera¬ tion ? Or were we to recognise a standard of political competence pecu¬ liar to ourselves, which equally put it out of our ability to permit the valid¬ ity of concessions we had made, or to restore the equivalents we had re¬ ceived for them ? This might be a standard recognised by gentlemen who asserted our title of reannexation to Texas, but not by the people, who would utterly repudiate such a doctrine ! [Here some explanation passed between Mr. Walker and Mr. Archer, not material.] There was a principle (said Mr. A.) founded, as every sound principle of morals or law was, in essential convenience, which did not permit es¬ tablished rights and interests to be broken up on abstract conceptions. This was no more than part of the great, inestimable law of prescription, 5 applicable to international as to municipal concerns ; stare decisis. Do not unsettle foundations. Florida was in the Union, with all her para¬ phernalia of rights, civil and political. Texas was gone, by solemn con¬ cession, to Spain, confirmed by compact with Mexico, when we stipu¬ lated for the arrangement of boundary, by compact with Texas when we executed that arrangement. If Texas were to be ours, she must be reac¬ quired by new arrangements and stipulations. He (Mr. A.) had said that he had been the opponent of the alienation of Texas, when that question had been first brought before Congress, in the earliest moment of his public life here. He might now add, that he had given evidence of his disposition to recover Texas at the latest moment of his public life—the present session of Congress. The position assigned him by the Senate had brought him into the earliest conference with the signers of this treaty of annexation ; and he had employed to both sides— the Texan commissioners and our own Department of State—the language of the most earnest, he might say importunate remonstrance, against the signa¬ ture, before the obstacles on the side of Mexico should have been removed, or the attempt made, and unduly repelled, to remove them. He had urged this importunity, in the conviction, that the frustration of the treaty and of annexation, for the present time, must be the result of proceeding to the perfection of the treaty, without the obviation of this difficulty. He had pledged himself for the soundness of this opinion, the realization of this prediction. His suggestions had not found acceptance. And here he must take occasion to correct a misapprehension into which the Senator from Missouri (Mr. Benton) has fallen. He had expressed the impression that the Executive department of the Government had been anxious, in the first instance, for delay, as respected the action of the Senate on the treaty—had supposed the concurrence of Mexico required to the validity of the treaty. This was a mistake. The Executive had held the contrary opinion as to the occasion for the assent of Mexico—had desired the immediate action of the Senate, as long as they supposed that immediate annexation would be the result of immediate action. It was only when they had given up this opinion, had renounced or began to falter in the confidence of a present annexation, from the obstruction of those who de¬ manded the concurrence of Mexico, or of reasonable endeavors to obtain that concurrence, and the defeat of these endeavors—it was only as a con¬ sequence of this change of opinion that delay, to give occasion to communi¬ cations with Mexico, had been desired. It was then that the messenger had been despatched to Mexico, of whose mission so much had been said. He (Mr. A.) had yielded his entire concurrence to the despatch of this messen¬ ger, not merely for the discharge of the indispensable debt to decorum, which demanded the communication to Mexico of the part our Government had taken in the signature of the treaty, but for the purpose also of sound¬ ing the sentiments of the Mexican Government on the subject of annexa¬ tion, of keeping open the door of explanation, of conciliation, of annexa¬ tion. He (Mr. A.) had not made the promise which the Senator from Mis¬ souri had supposed, that action 011 the treaty should be kept back for forty days. He was not in the practice of promising more than he knew he could make good. His promise had been, that his endeavors should be em¬ ployed in the Senate to postpone its action for the period of the probable return of the messenger to this place, estimated at about forty-five days. He had acted in good faith in discharge of this promise—had essayed ti obtain the delay proposed, but without success, the Senate having over¬ ruled his suggestion on the subject. But these were matters preliminary only, Mr. A. went on to say, which had kept him too long from the topics (grave as they were) appropriate to the discussion. The value of Texas, the desirableness of its acquisition, he had already had occasion to observe, did not present the principal, nor, indeed, any topic at all appropriate to the discussion. The value of Texas as a territorial possession was unquestionably very great; the desirableness j of its acquisition, in many views—political, commercial, social—might be as | great as had been represented. Yet this value and desirableness had no more to do with the appropriate issues in this discussion, than the value of Belgium or the desirableness of the acquisition of Cuba. There might exist circumstances (they were of perpetual occurrence in public as in pri¬ vate affairs) which required the value of objects presented to our acceptance to be disregarded, and acquisitions in our reach, to be renounced. That this pregent case of Texas was one which fell under the operation of these principles of public and social morality, he was persuaded, would be found on an unbiased examination. The debate had presented several questions. The leading one related not to the expediency but validity of the transfer of Texas made by the treaty—was a question not of advantages, but authority. Was the Gov-~ ernment of Texas empowered to make?—ours to receive ? Could the ter¬ ritory be the lawful subject of this form of transfer ? The affirmative of these propositions had been stated, and sustained with technical precision. Our recognition of Texas, and that of other Powers, invested Texas, it was said, with the character of sovereignty complete. This character of sover¬ eignty involved the fullest authority of disposal of the territory, and our Constitution permitted a full authority and discretion in receiving iff. TheSe were the propositions maintained in affirmance of the validity of the treaty. Now, what he (Mr. A.) undertook to maintain was, that neither of these propositions was well founded ; and that, if each of them had been true, the inference in favor of the treaty would not be warranted. The recognition of the independence of Texas by our own and other Powers had not the effect, in the view of public law, of deteimining the right of supremacy and sovereignty over Texas, in issue between the two Governments of Mexico and Texas. This recognition could not therefore have the effect of investing the disposing power, which was claimed on this ground only, in the Government of Texas over the territory. The purpose and office of this sort of recognition was, indeed, the reverse of this effect, which had been imputed to it. Instead of decision on the question of title and sovereignty between the contesting parties, it was no more than a form of refusal to make that decision—a mode of escape from the necessity of making it. The advantages of intercourse and traffic with the belligerent parties were not to be lost to other nations whilst the con¬ test was depending for the ascertainment of the right of sovereignty. Other Governments could neither be supposed versed in the merits of the contest, nor at liberty to make inquisition, so as to pronounce the decision. What course was left? Acknowledgment of the right indicated by possession,, enduring no longer than its ground—the fact of possession—and asserting no other results of any kind than this fact involved. These conclusions, expounding the real and sound doctrine of public law on this subject, did not stand in need, however, of a resort to treatises, and 7 publicists, to make them evident. Obvious illustrations sufficed for the pur¬ pose. In the case of competitors for sovereignty, (as in the wars of the Roses, which so long desolated England,) alternately successful, each in his turn of triumph, for purposes of traffic and convenience, might receive the re¬ cognition of other Powers. Does this recognition require to be recalled for either, as the other becomes ascendant ? No ! Then it decided no other than the right incident to temporary occupation of the sovereign authority in the country. Suppose Mexico successful in the resubjugation of Texas: shall we have to revoke our recognition of Texas before we can be restored to Telations of intercourse with Texas, on the footing of a dependency of Mex¬ ico ? Must we refuse the exercise of authority by the functionaries of Mexico in the ports of Texas ? Or do we stand at once, and without the resort to any officious formalities, restored to our former relations with Mex¬ ico in Texas, as in other provinces, States, or dependencies of her empire, over which she asserts effective supremacy ? The answer to these ques¬ tions was conclusive as respected the effects of our recognition of Texas on the issue of title between herself and Mexico. But, (said Mr. A.,) was the invalidity of this pretension of a disposing authority in the Government of Texas as the result of recognition, the sole or the true ground for denying it this authority ? Was it in the halls of our legislation, and in this the sup¬ posed conservative branch of it, that the doctrine was asserted, of a com¬ petence in the functionaries of Government in a popular State to dissolve the institutions they were appointed to administer and conserve, and make a transfer of their constituents and country, to the rule and occupation of a foreign Power ? The people had an undisputed competence to do this, or to authorize it to be done. Theirs was the authority to unmake as to make their political institutions, to decompose as they saw fit into an ele¬ mental condition, and recompose into any form of domestic dynasty or sub¬ jection to foreign authority. What he (Mr. A.) maintained was, that it was not given to the ordinary Government, in its common vocation, to do these things, with no special designation of authority for the purpose. Gen¬ eral Houston and the Senate of Texas were not Texas ! It had been said, indeed, by the Senator from Pennsylvania, (Mr. Bu- ^ chasan,) that Texas, by her people as well as her Government, had given assent to annexation. When ? Seven or eight years ago ! At a time when her people were—how many ? Seven or eight thousand. Now they were said to be one hundred and fifty thousand. Their views at that earlier date may have been homogeneous, having been emigrants exclusive¬ ly from the United States. Time had since been afforded for the affusion of streams of population from other quarters, with the possibility of vary¬ ing the character of these views. He (Mr. A.) did not affect to say that this was the case—that the population was not disposed or was indifferent to annexation with this country. He was entirely persuaded of the con¬ trary. Among other evidences, he had had addressed to himself during the past winter, a letter of the character of that which had been referred to by the Senator from Missouri, purporting to have the signature of every member of both branches of Congress, save four, (the omission of two of these said to be accidental,) from which he derived the fullest assurance of the hearty desire of the people for incorporation with us. It was not the reality of this desire that he questioned in the least. What he insisted on Avas, that a due and adequate formality had not been observed in the as¬ certainment of this fact. It would not do from an expression, however au- s thentic, by seven thousand people, to bind the opinions and adjudge the rights and dispose of the political existence of one hundred and fifty thou¬ sand. A formal authenticated expression of the popular will, or a special delegation of authority to the Government to act in this respect, preced¬ ing, or a condition of subsequent ratification, annexed to the act of trans¬ fer, was indispensable, on the principle of all popular government, to give validity to a transaction of this character. Any of these modes of authen¬ tication, he (Mr. A.) did not doubt, could be obtained; but neither had been. The treaty of annexation stood before us, claiming our assent and ratification, destitute of either of these indispensable formalities, however they might have been or might be supplied. What, in these circumstances, were we authorized to do ? Not to disregard the essential informality, surely, but to withhold, however reluctantly, our concurrence and sanction to a deed of so much gravity till the informality were removed. This was the only mode of procedure which would not involve flagrant viola¬ tion of the vital, essential principle of our own institutions. The treaty- making power in the Texan Government and our own were in the same form, rested on the same footing, were identical, not analogous. This power had 110 limit to its scope, as regarded the phrase which conveyed it in our Constitution. Suppose our people to wake up some morning, and find, not their entire Confederacy—that was a case, though analogous, not conceivable—but one of their integral provinces or States, transferred to a neighboring State, or foreign potentate. What would be our doc¬ trine, if the transferred population, however the organ of the Federal Government had consummated the act, had not been directly consulted on the transfer? Would it do to infer consent, from irregular declarations, or a former remote vote, or to accept the action of their Representatives assembled in the discharge of their ordinary functions ? There was bin ' one answer to be given to these inquiries. Then the capacity of the grantor to convey in this treaty of transfer of Texas was not established, but disproven. What was the condition of our authority to receive the transfer ? That formed the second of the pre-ar¬ ranged topics of inquiry. He had no thought (said Mr. A.) of contesting the authority of our Government to make acquisition of foreign territory. Whatever might have been the just construction of the Constitution in that respect, he considered this as a question concluded. A rule of prescription of inquiry into title, ran in such a case. There were several of our States and Territories which had their places in the Union through this avenue. It was not for him, or any man, at this time of day, to insist on displacing their pretension, or fixing the stain and emblem of illegitimate connexion with us, 011 tlieir brows, and our name. They were to be regarded as le¬ gitimate members of the Confederacy as their seniors. He admitted, then, a power in our Government to acquire foreign"terri- tory—whether original or induced, it did not matter to inquire. The power, as it had been most beneficially exerted, admitted of resort again, if exi¬ gency should demand, as in the case of Louisiana, or advantage persuade, as in that of the two Floridas. He went still further. He recognised the / authority to admit foreign States into the Confederacy. He knew the grounds on which this proposition had been denied, denounced, and made the subject of apprehension. This did not hinder his recognition of it. The phrase in the Constitution was of the largest character : " Congress shall have power to admit new States into the Union." Where shalj 1 9 sanction be found, for limitation on the operation of ianguage, of this gener¬ ality and comprehensiveness ? Not in the circumstances of the case. We were in juxtaposition with provinces, of which our fathers of the Revolu¬ tion had certainly contemplated the introduction into their Confederacy, as not improbable, inasmuch as they had extended invitation to it. A depu¬ tation had been sent to Canada, during the war of the Revolution, to press this invitation. Suppose concert in a common policy of States, on our con¬ tinent, as the counterpoise and safeguard against a foreign continental pol¬ icy—of the principles of our forms of political institution, imperilled in con¬ flict or by the policy of adverse forms—should demand the incorporation of contiguous American States, for more imposing aspect, more effective action, more indisputable security, were we to be regarded as precluded, could the framers of the Constitution, those far-seeing friends of country and freedom, have designed to preclude us, from this great resource of power, and instrument of safety ? Did it involve no undue and unworthy imputation on their renowned political sagacity, and unparalleled circum¬ spection, to make such asupposal ? As one of the political powers of the world, having points of contact, and exposed to the ordinary chances of collision with other Powers, we must be liable to incur war, empowered to conduct it, and at liberty to reap and realize its fruits. It might be our destiny, to make acquisitions of territory by the fate of war. Were we to be prohibited irreversibly from retaining these, compelled to surrender them, to become again points of annoyance, and sources of peril to us? And if this doctrine must be considered un¬ sustainable, were we to be regarded as prohibited, from the incorporation of States in this predicament, and constrained to continue them in a condi¬ tion of political inequality and vassalage, however they might deserve, and we regard them as deserving, and they desire, exaltation, into union with us ? But none of these conclusions, preposterous and untenable as they obviously were, could be avoided, save by a recognition of the right, should occasion require, to admit foreign States into the Union. He (Mr. A.) had no hesitation upon this point on the mere language of the Constitution. He repudiated this practice, perpetual in its employment here, of going behind the language of the Constitution, when that was plain, to contemporaneous history and labored expositions, derived from . the opinions of individuals. Where ambiguity was not admitted and pat¬ ent, the language ought to stand as the sole exponent. But how raise an ambiguity on language so explicit ? " Congress shall have power to admit new States into the Union." It happened, however, that the evidence from contemporaneous history corresponded to the plain import of the language of the Constitution. The journals of the convention, preserved by Mr. Madison, had been re¬ ferred to. They showed, that restriction on the power of admission to States formed from domestic territory, had a place in the early draught of the Constitution, had been the subject of remark, and now it was found omit¬ ted. The conclusion was irresistible, that the restriction was not contem¬ plated, as it was not only not expressed, but the expression had been made the subject of exclusion. Our Government was then endued with capacity to acquire foreign territory or admit a foreign State. On what ground, then, it would be asked, could he (Mr. A.) deny, as he did, the capacity to take Texas under the present treaty. The difficulty, apparent only, was susceptible of an 10 easy explication. The treaty-making power in our Government—the President and Senate—had authority to acquire territory. But Texas was not a mere Territory. We had acknowledged her as a State—a political, as distinguished from a mere numerical community, which a Territory was. Nor had her Government, by which she was represented in the formation of this treaty, shown the only authority which could be admitted, by the principles of her Government and ours, as valid, to prove the fact that she stood resolved from the condition of a political community, in which we had acknowledged her to be existing; into a Territorial form, in which we had never known her. The treaty-making power had, then, no- competence to admit Texas, being no Territory. But Texas might be admitted as a State. True ! But Congress, the two Houses of Legislature, were invested with the exercise of this competence; and we, the Senate, were not the Legislature. So, take the matter either way, and there was no competence to admit Texas in virtue of this treaty. The second fundamental proposition, then, of the advocates of the treaty stood confuted, as the first had been. The third of those propositions was, that the territory of Texas, in the present political condition of that country, could be the lawful subject of transfer. This proposition, also, he (Mr. A.) denied. Even, under municipal laws, a subject in litigation was no proper subject of transfer. You were not allowed (and wisely) to make purchase of a lawsuit. It was a principle of the public national law, founded in considerations of a far higher expediency, that, whilst you .night make acquisition from one of the belligerent parties in war, of any- other, you could not, of the actual subject of contest. The reasons for this restriction were plain. The just claims of the party on the eve of sue- , cess, in the war, might, if the rule were otherwise, be perpetually eluded and frustrated, and always would be, as the contesting must always pre¬ fer the transfer, to a third party, of the subject in dispute, to the loss of it to the adversary. All the propositions, then, on which the validity of the acquisition of Texas by this treaty had been rested, appeared, on examination, unsus¬ tainable. There were other and great considerations connected insepa¬ rably with the discussion—considerations of faith, reputation, policy. These he should proceed to examine. It had been urged, that, having a treaty of amity with Mexico in full force, breach of faith would be involved, by the appropriation of what she claimed to be, what had undoubtedly been, her dependency, and what she had been, and was, inarms to recover. Well! i was not this true ? Our treaty of amity was not only in full subsistence with Mexico; we had pledged ourselves three several times to the strictest observance of neutrality in her contest with Texas : once under General Jackson's administration ; once under Mr. Van Buren's; lately by our min¬ ister, General Thompson, under this administration. On the occasion of giving one of these pledges, (under Mr. Van Buren's administration,) the annexation of Texas then tendered had been declined, expressly on the ground that it would involve the violation of our neutrality with Mexico. If we were to contribute a soldier or a gun in aid of Texas in the con¬ test with Mexico, that, it will not be contested, would be a breach of our neutrality; and yet persons are found, and on the floor of the Senate, to maintain that divestiture of the entire subject of contest, its appropriation to ourselves, constitutes no breach of neutrality, no act of ill faith, and no li offer of offence to Mexico. Such veasoners perplex us more than stronger ones, from the difficulty of stating the answer to their propositions. Aid had been invoked in the argument, from the supposed analogy of the case of France extending support to us in our revolutionary struggle. Alas ! How widely were the cases distinguishable, and how little to our honor ! France broke, indeed, her amity with England, established by treaty, as ours with Mexico. She professed to be extending the hand of philanthropic support to a dependency of England, struggling against in¬ justice and oppression. Has any man contested that we should have been at liberty, for the same purpose, to depart from our observance of neutrality to Mexico ? The obligation imposed by a position of neutrality between belligerent Powers is of high character. But obligations there are, of force, to override this. That of affording rescue to the oppressed, of stay¬ ing the hand and the course of public injustice and outrage, if the profes¬ sion of purpose were sincere—not pretended—is of the number of those higher obligations which may override the observance of neutrality with¬ out blame—with applause. France put forth this profession to the world, and she did render us aid, noble and effective, in the establishment of our just cause. Is this the position in which we have stood, in which we, our Government, stands to Texas? Did France, waiting the moment of our utmost exhaustion and inanition, when we must accept any resource of refuge from our cruel, obdurate adversary, come then, at that moment, as if perched to wait for it, not to rescue the victim of oppression and the martyr of liberty, but to pounce from her aerie, and make him her prey ? That to rescue was the course and the conduct of France. This to seize , has been, is, ours. What outrage to reason and philanthropy, and justice,, in the institution of this comparison ! Suppose France influenced, as has been alleged, by an entirely selfish consideration, what was it ? To break the strength of a rival Power which had been a thousand years the bitterest, the most formidable of her ene¬ mies, and who had then recently defeated, degraded, and reduced her to- dangerous debility. She manifested no momentary purpose to make spoil of our alliance as the consideration of her support. If she had, our noble fathers would have renounced her communion in indignant scorn, and taken the chance of a resubjugation to England, instead of calling French¬ men benefactors, and Lafayette brother ! But there was a further view of this case, of a supposed analogy to the course of France in the war of the Revolution. Allow the policy of France to have been selfish. France was a member of a great European continental system, to preserve an adjusted balance of power among the parts. England was supposed, by great recent successes, to have induced weakness and menace, if not to the integrity, to the adjustments of this system. France had a high and a just object irt this view, in breaking, by aiding us, her obligation of neutrality to England. Not spoil, security, was her object. Well, we had an American continental system. Gentlemen, the friends of the present treaty, had been profuse of praise to Mr. Monroe as the proclaimer and founder of this system, by his memorable declara¬ tion, in 1823, that the intrusion of no European Power was hereafter to- be permitted for settlement on this continent. This was our system to hold together, to be strong against Europe in any selfish direction here of her policy or ambition. We were the first in ability to sustain and give ef¬ fect to this American system ; Mexico the second Power, of whom it was 12 one of our duties, in reference to this system, to uphold the consequence and strength. If any new domestic Power arose, it appertained to this same department of duty to nourish it into vigor. It was an obvious pre¬ scription of this duty to conciliate contentions among the members of the system, to save the impairment of the common power. Now, what had been our course in pursuance of this plan of American policy ? How strikingly did it contrast with the course alluded to ot France? France had a just motive to impair the power of England. We had a strong obligation to prevent the impairment of that of Mexico. France had operated against her most formidable rival and adversary. It was proposed to us, by the ratification of this treaty, to put ourselves into an adverse attitude to our natural ally and proper friend. As regarded the office of nourishing the new-born American Power of Texas into vigor, of conciliating and composing Mexico and Texas as parts of our sys¬ tem, our plan had been to yield no aid or useful interposition to the one ot these Powers, and it was now recommended to us to make appropriation of a claim of property of the other. France sought her object by rear¬ ing the weak and oppressed to independence. We were asked to convert the weak and oppressed to a possession, which extinguished their independ¬ ence. We must be decent, not put into juxtaposition the course urged ort our adoption with regard to Texas, with the course of France towards us in the memorable era of the Revolution. The gentleman from Missouri, (Mr. Benton,) in his resolutions, made part of the debate, had presented another and insuperable view in support of inaction as regarded the ratification of the treaty. His resolutions al¬ leged that the annexation of Texas would be the adoption of an existing war between Mexico and Texas, and that this body (the Senate) had no' authority to adopt war by the exercise of its treaty-making power; this function having been committed, in express terms, to Congress, the general representative body, by the Constitution. Supposing the fact unquestion¬ able, of the adoption of war with Mexico by the adoption of the treaty, this would have of course to be abandoned. It has been around this propo¬ sition, therefore, that the storm of debate has raged. The point was main¬ tained, vehemently, that the war had been terminated since the period of the battle af San Jacinto, in 1S36. Not that it could be pretended that hos¬ tilities had undergone cessation in all forms, in the succeeding lapse of time ; that, with no regard to the facts, could be asserted. It was only insisted that the hostility had been confined to irregular inroads and predatory ex¬ peditions; and these, it was affirmed, did not constitute war. Supposing these to constitute war, their occurrence and recurrence nearly in every year of the period in question was indisputable and admitted, down to a late period of the past year. This was a conception of the character and constitution of war truly cu¬ rious, (said Mr. A.,) and worthy of observation. War, to be defined, must have a measure and scale of magnitude applied to it. The constitution of its reality was to depend on the extent of its operations. It was not the mere employment of force, but the amount of this employment, which was to ascertain its existence. But this rule of definition would be found diffi¬ cult of application. By what principle of proportion or admeasurement was the scale of definition to be adjusted ? What number of men required to beemployed? Amount of destruction to be accomplished ? In the ap¬ plication of the standard, how many military operations, themes of praise, 13 would be reduced from the character or operations of war? The opera¬ tions of our own wars, the past and last—would they bear the test ? Bat¬ tles on the smallest scale—operations languid and transient ! The affair of Trenton, the most signal in our revolutionary annals in its conception and effects, which turned the tide of the wavering conflict to our preserva¬ tion, and*plants the brightest of the gems in the reputation of Washington— what was this affair but an incursion, transitory, slight, too inconsiderable to take the title of an operation of war in this new mode of designation of war? The battles of Chippewa and Niagara, which we have been prone to destine to an historical reputation, reverberating the loudness of the noble cataract near which their scenes were laid—what were these but inceptive incursions into Canada, inconsiderable in their progress or results, and fall¬ ing, therefore, below the recent standard of warlike operations ? A Senator had quoted Vattel to show that inconsiderable incursions,such as had alone occurred of late between Mexico and Texas, did not, in pub¬ lic law, attract the name of war. When he heard this declaration, he (Mr. A.) supposed that he had read Vattel carelessly. But what did he find on recurrence to this author—that the quality of predatory expeditions or in¬ considerable incursions took from these forms of military operation the char¬ acteristic of war? No! but that operations prosecuted without observance of the formalities required to constitute lawful war, took these names in that condition, to distinguish them reproachfully from war. And what were these formalities, the observance or non-observance of which assigned the lawful or the reproachful character and name? Authorization from the le¬ gitimate sources, and announcement in the established modes. In the occur¬ rence of these prerequisites, the operation took the quality of legitimate war, with no reference to the extent or the mode of it. Well ! Had not tr.e conflict of Mexico and Texas its warrant from the legitimate sources, the Governments of the two countries ? Had it not been recognised as war In the legitimate sense by these as other Governments? If restored to ac¬ tivity, would it not be held and treated in the character of lawful war? The expeditions, then, which had kept unextinguished the flame of the dis¬ sension in blood as the infliction of calamity, jvere parts of this same war! The attempt at the arrangement of an armistice between the Govern¬ ments of Mexico and Texas during the past year had been brought into the debate, each side claiming this fact as available to its view on the ques¬ tion of a present subsistence of war between the two Powers. To him, (Mr. A.,) the contest seemed superfluous; for did not the fact, which was not disputed, of the entertainment of negotiation for this object, whether it had resulted in an armistice or not, establish the fact in contest—the sub¬ sistence of the war ? If no war subsisted, what the occasion for an armis¬ tice ? For negotiation on the subject of it ? An armistice was an arrange¬ ment for the suspension of the operations of war. If adopted, it proved the existence of war by the fact of the suspension. If it failed, by the evi¬ dence which the attempt and proposal of it afforded, that there was a war to suspend. The true view 011 this subject of the subsistence of war in Texas had been taken by the Senator from Massachusetts, (Mr. Choate.) The question did not involve a mere inquiry of fact, as had been strangely supposed. It was an inquiry having for its object the ascertainment of a public state or relation between Mexico and Texas. Public war imported a relation far more than a state of facts. Though importing the exercise of force, it had 14 a legal subsistence independent of force, which carried all its incidents, di¬ versified and important as these were. Illustrate by example. Suppose the two great Powers ot the world, England and France, issuing formal declarations of war, respectively. The maritime superiority of England renders her inapproachable. France, im¬ pregnable by land, withholds herself from unequal encounter on th» ocean. What is the condition, in these circumstances, of these Powers, (war on both sides, announced with all formality,) till a blow has been struck,, or in the event that none be struck ? Do they, or do they not, stand in the political relation of war? Suppose the relation ol amity re-established, no blow having been struck in the interval of the suspension of this last rela¬ tion: have they or have they not in that interval stood in the relation of war? If years of cessation of hostilities (no blow struck) ensued from ex¬ haustion, would the relation and subsistence of war be terminated by this cessation ? How was the subsistence of this relation and condition (war) between foreign States to be ascertained ? How known to a Parliamentary body like ourselves? What did we ? What ought we to do ? What source of infor- tion have recourse to, if we wished to make inquiry into the fact ? Should we explore newspaper accounts; go to New Orleans and Galveston ga¬ zettes, to ascertain the fact of the subsistence of war between Mexico and Texas ? No ! We should send a message of inquiry to the Executive, in¬ vested with the duty, furnished with the means by our agents abroad, of obtaining information on subjects of this sort. Well ! we had the fullest in¬ formation from the Executive on this point of the war in Texas. The Presi¬ dent had told us of its present existence in his message at the commencement of the present session of Congress, when he expressed the opinion that meas¬ ures ought to be taken to arrest it. He had told us of its present existence in , his message accompanying the treaty. The Secretary of State had sent us a correspondence disclosing the application of the Government of Texas, late in the past year, for our intervention, to arrest the alleged barbarous mode of the prosecution of the war. Mexico had declared, by her minister here, in the fall, the subsistence of the war; and to our minister, General Thompson, more recently, that* our annexation of Texas would be regard¬ ed as adoption of the war. He (Mr. A.) never read papers in debate. He referred to the documents on our tables, for the evidence of what he stated on this point. Then upon this fact, admitted to be decisive as to the influence it ought to exert on our decision on the treaty, of the present subsistence of war between Mexico and Texas, we had what evidence ? We were only at liberty, let it be remembered, to know this fact,so as to act on it, from offi¬ cial sources; and we had information from what official sources? First from our own Executive, several times communicated. Secondly, from, the declarations of the Government of Texas, one of the parties to the con¬ test, made officially to our Government. Thirdly, from the official declara¬ tions of the Government of Mexico, the other party, several times repeated. A disputant desiring more evidence, would not be contented though one from the dead rose to testify. But suppose active war, not constructive war, required to make out the case that the adoption of war would be the result of the adoption of the treaty. To what cause was to be attributed this defect of active war? How had it happened that war, except in the form of transitory incursion, 15 had been for such a length of time unknown in Texas ? The answer was but too obvious. Though our Government had made profession, and had not been averse to the observance of neutrality in good faith, had such been the temper or the conduct of our people ? No ! whenever the threat of new invasion had been supposed really to impend over Texas, and this had been more than once, what had been the spectacle displayed to us ? A rush from the population of the region of the Mississippi, as impetuous as its current, irrepressible by the Government, too strong for even the effort at repression ! Mexico saw this as we did ; knew what it portended ; that the first rush was only the advanced guard, the first wave the precursor of the irresistible and overwhelming torrent which would set on the shore of Texas, and sweep a Mexican invasion in destruction and consternation from the soil ! How idle would have been the folly or mad the passion of Mexico, to throw herself on such a peril. Santa Anna was Canute enough to know, that the wave would not cease to approach and to swell over him, though he bade it like Canute to be obedient and retire. If the existence of war, then, in Texas remained a question, the solution was with ourselves. Were we, by failure, to repress our own outrage or. the neutrality we owed to Mexico, to produce a state of Mexican inaction in Texas, and then to make this inaction our plea for abandoned war there, and blameless appropriation of the country by ourselves? The progress of this debate had not enhanced certainly his estimate of the rigor of our national morality. But he had no fear of its relaxation into the counte¬ nance of this degree and quality of opprobrium ! War subsisting, then, between Mexico and Texas, next came the question, Have we, the Senate, in the exercise of our treaty-making power, privi¬ lege and liberty to adopt it ? The second of the resolutions of the Sen¬ ator from Missouri (Mr. Benton) made disclaimer of this authority in the Senate. He (Mr. A.) was not entirely prepared to unite in this dis¬ claimer. We certainly had competence to make a treaty, which might in¬ volve or lead to war ; as a treaty of alliance, whether offensive or defen¬ sive, either of which might involve war. Suppose war raging between two foreign Powers; we see our duty or interest in mixing in the contest; but arrangements are required; terms and conditions of co operation are expedient, indispensible - these can only be made by treaty stipulations— are we precluded from making them ? The public interest demanding, the popular sense concurring, have we no option, discretion, capacity, to act ? The two Houses of Congress can make the war; but can they make the conditional arrangements which may be required ? And do we stand di¬ vested of the discretion which appertains to the very idea of independent, and must be regarded as essential to effective Government ? How, then, was the peril from such a jurisdiction in the President and Senate to be obviated ? The difficulty reconciled, from the seemingly con¬ flicting provisions of the Constitution—the one giving to the President and Senate the power unlimited to make treaties ; the other assigning to the two branches of the Legislature conjointly, to Congress, the power to make war? The Constitution had, in other instances than this, assigned to the treaty-making power and Congress a concurrent jurisdiction over the same subjects of action. The guards in the coincidences of a concurrent juris¬ diction were discretion, comity, forbearance, the spirit not of compromise only, but even of concession. Men were not obliged to do every thing that they had authority to do. The possession of jurisdiction did not ne- 16 cessarily oblige to action. In the case of war, where it might merely be involved, was not directly to be adopted, the obligation to forbearance on the part of the treaty-making power, (this function being, from its nature, appropriate to the control of the direct popular representative,) was more than commonly imperative. ' Was there a power, then, to acquire Texas, with the condition of the adoption of the war of Texas ? The constitutional prohibition from obvious intendment was nearly as imposing as it would have been fiom positive interdiction. We would not be at liberty from constitutional (saying nothing of moral and other) considerations to adopt this war of Texas, if all the world conceded our abstract competence and privilege to adopt it. And now came the topics which, if not the most important, were cer¬ tainly not the least interesting in the discussion. Suppose the power to adopt the Texas war uncontested, or that there was no war to adopt, not even a peril of embroilment from the dissatisfaction of Mexico in our re¬ ception of Texas, from the disparity of the resources of Mexico to ours. Our neutrality would still be violated, cause of just offence be given to Mexico, our reputation in the eyes of the world be compromised and dispar¬ aged by the imputation of an unwarranted aggrandizement! And what were the grounds upon which it it was asked that these consequences should be incurred—alio mischiefs alleged, the threat of which was to jus¬ tify our proceeding to annex Texas in all hazards and events ? A letter, it seems, had been received in October last, by our Government, from a person not official, whose name did not carry authority enough to be communicated, giving information that a person of so little consequence as never to have been before heard of, (by the name of Andrews,) repre¬ sented to represent a society of abolitionists, which had not and could not have existence in Texas, had been deputed to open communication in Eng¬ land, not with the Government, but another society, having no recognised existence, to induce this last society to employ means of operation 011 the Government of England, not by public negotiation, but private arrange¬ ments with the Government of Texas, to induce the consent of this last Government to the abolition of the institution of slavery in Texas. Was ever such a catalogue and catenation of circumstances, (one lost breath in the recital,) of character so utterly inconsequential and insignifi¬ cant, brought to work out a result, with or without consequence ? And then came directly 011 the back of this disclosure of conspiracy for the abolition of slavery in Texas, the volunteered, explicit, peremptory, many times repeated, disclaimer of the Secretary of State of the English Gov¬ ernment, that his Government had been party, or would in any event be party, to this conspiracy, or to the exertion of " any undue influence" 011 Texas, or in any other quarter, for the procurement of the abolition of slavery, though that result every where was strongly desired by the Eng¬ lish Government. Were we to profess apprehension of the practices of England 011 the subject of slavery in Texas, after this solemnity and iteration of disclaimer ? If so, how was intercourse with other Powers of the world to be pre¬ served ? Were we, like the Turk formerly, (not now,) to be isolated from intercourse, which we could not have, or with no benefit, if we acted on a system that all confidence in disclaimers was to be refused, in conflict with our prepossessions on disagreeing views of policy ? He (Mr. A.) had been excited to 110 small indulgence of surprise at the views which his colleague 17 (Mr. Rives) had taken occasion to present to us, full of the harshest ar¬ raignment of the despatch of Lord Aberdeen of December last, denying the policy imputed to his Government, in relation to this subject of the abolition of slavery in Texas. Why ? What would his colleague have Lord Aberdeen to have done on the subject of this imputation ? There were three modes of conduct presented to his election. The imputa¬ tion had been brought distinctly to his view. He might sit silent, affirm, or disclaim it. He had taken the last course—disclaimed it. Would we have had better cause for satisfaction in his taking either of the others ? And if in making the disclaimer on the subject of slavery, he had distinguished it from a denial in gross, by a statement of the real acknowledged views and policy of his Government, did a discrimination of this sort deduct from the value or the candor of the avowal ? He (Mr. A.) was far from imputing participation in this purpose to his colleague. But every one had been obliged to see, in the whole progress of the nego¬ tiation of this Texas treaty and its vindication, the fixed purpose thai the English Government was not to be allowed to shake off the imputation of dangerous practice or purposes in regard to slavery in Texas which had been fastened on its forehead. The vindication would be left, it was too plain, in circumstances of desperation, if this artifice of excitement were stricken from its hand. And what was this Texas, this population of Texas, which we were so committed to indulge the fear was to be wrought by the Government of England to the surrender of an established institution, or it might be to political subjection to England ? A population sprung from the bosom of our slaveholding States, born in the nurture of the institution of slavery, , carrying it with them in their migration, placing value on Texas for adap¬ tation to slave labor! And this was the people to be regarded as ready to renounce the use of this same labor on this same soil of Texas, so pecu¬ liarly adapted to render it productive beyond all precedent. And this peo¬ ple, not descendants, a present offset from ourselves, must be protected from a proneness to run under a present subjugation to England. It was a fact which might appease the apprehension of the abolition of slavery in Texas, if this apprehension would permit itself to be appeased, that the Constitution of Texas contained a provision prohibiting the emancipa¬ tion of slaves. The State was precluded, therefore, from the surrender of slavery, as an institution, save in conjunction with its political constitution. Our Secretary of State, however, had changed the entire aspect of the question, as far as the subject of slavery was involved. Admitting the dis¬ claimer of Lord Aberdeen to be entirely satisfactory, as regarded direct action of his Government for the abolition of slavery in Texas, the Secre¬ tary plants himself on the ground of the general deolarations of the English Government adverse to the institution of slavery every where, and makes this the express justification of the signature of the treaty. Well! to what did this declaration of doctrine amount ? England had avowed a desire to see slavery put down everywhere; had declared a purpose to use all modes of counsel, expostulation, it might be influence, to accomplish this result, not the suppression, be it remarked, but the voluntary abandonment (these were very different) of the institution of slavery. From this expo¬ sition of policy on the part of England, what was the authorized deduction, according to our Secretary of State ? Not the right to encounter England, at her own weapons, in resistance of her policy—to countervail by counsel, ex- 2 18 pectation, influence, the scope of her views, and give strength to ours—but to plant our own views peremptorily, in the foreign region within our reach. The ground adduced for our action, in the signature of the treaty, was ex¬ plicit and exclusive, the duty of precaution against the propagand spirit announced by England against slavery. None other ground or occasion of action than this was assigned or affected. It was on this allegation we were to stand for our defence. Well, was not action on this ground emulation of the spirit and policy against which we made exclamation ? Were we not propagandizing for sla¬ very in Texas, against the adverse propagandism of England ? Opposing to the abstract declarations of a propagandist spirit, the practical carrying of the same spirit into effect—the fact against the abstraction ? This same spirit was rife in our present time; displays itself on all sides; was multiform in politi¬ cal, in social development. It had been found in essay against the elective form of chief executive magistracy in the partition of Poland; in furious force in the anarchical excesses of French jacobinism, against domestic order and general crusade against monarchical institutions. It stood now imbodied in the well-arranged combination of the European Powers, to repress the devel¬ opment and triumph of republican principles and liberalized political institu¬ tions. Its most general social form just now, and direction, was to the de¬ nunciation and overthrow of negro slavery, without any discrimination of time or mode, or estimate of consequences. In this form, it raged with an intense virulence among ourselves, already breaking the concord and threat¬ ening fast the stability of the Union. Whether tested by its malignity of temper or mischievousness of influence, there was no spirit more to be con¬ demned and resisted. Indeed, it imposed the necessity of resistance as a law, as its wont was to keep no terms of faith or humanity. And this re¬ sistance was equally to be waged when the mischief took the form of ad¬ vancement or of obstruction of our own modes of policy ! All views, then, which he (Mr. A.) could take of the questions involved, led him to refuse his assent to the acceptance of this treaty. One view there was, on which he forbore to insist—not because it had been exposed adequately by the Senator from Missouri, (Mr. Benton,) but because he revolted from the details. He referred to the mode in which the achieve¬ ment of the treaty had been effected, the assent of Texas obtained to its adoption. The treaty, so far from having been sought on the part of Texas, had been repelled, then presented again, with circumstances of false state¬ ments, cajolery, menace, and the surrender of a military and naval force, without color of constitutional authority, to the peremptory requisition of the Texan authorities. One further topic remained, to which its relation to his own quarter of the country required him to advert. This, at the outbreak, had been re¬ garded as a question exclusively of Southern interest and policy—this an¬ nexation of Texas. It was to give augmented territory and wealth to the population of the.slaveholding States, and extension to their proportionate political influence. Mr. A. said that he was not one of those Southern men who ever introduced this slave question into the Halls of Congress, or into discourse here, knowing it to constitute matter of a pure domestic con¬ cernment. Nothing outraged him more than the temper and language of Southern public men, authorizing the most unjust and unfounded infer¬ ences, that our constituents at home were full of disturbance, anxiety, and alarm, on this subject, of the disposition manifested in Congress, and amid 19 the Northern and Eastern population, to disregard the guarantees by which property in slaves was held—mind, lie did not say under the Constitution. He held the argument of safety to this form of property from that guaran¬ tee in disdain. The resort to it implied that our rights of property, recog¬ nised by ourselves before the Constitution, stood in need of the protection of this guarantee of the Constitution ! Or recognised by ourselves now, after the formation of the Constitution, still stood in need of this guarantee ! What guarantee? The consent of other people, with 110 right of control or dictation to us, to our designation of our forms o( property or modes of tenure of it. Seek the aid of this guarantee, (said Mr. Archer,) invoke it eternally as my safeguard ! No ? For one Southern man, he cast it to the winds ! Whatever his State had before the Constitution, she retained under that instrument, unless it had been conceded by it. Her guarantee for her slave property, under the Constitution, was not the recognition in the Constitution, (though it was there.) It was the recognition by defect of evidence of surrender by the Constitution. This guarantee was higher by antecedence and by digniry than the guarantee of the Constitution. His constituents felt 110 portion of this blazoned and bellowed apprehen¬ sion and cpncern on account of the clamors or the projects of the horde of abolitionists distilling an innocuous venom. His State left all this form of defence to another quarter. No man in Virginia, whatever might be said here, laid his head on his pillow perturbed by the machinations of the abolitionists, or only perturbed by a sense of the folly, arrogance, and malice, which, in impairing the concord, put to trial the foundations of the Union. The South, he (Mr. A.) hoped, was devoted to the Union, not merely 011 v account of the common, signal, multiplied, and inappreciable benefits it conferred, but from the operation of infiuences stronger, more holy, than the sense of benefit—the associations which sprung from the cost at which it had been acquired, the recollection of the men by whom it had been achieved. It had superadded, in the larger portion of the South, the guard of reverence to the belief of interest. Yet let tiie North and East, with or without cause, and more especially from a temper of insolent intrusion into concerns not submitted to the common jurisdiction, manifest the in¬ clination to dissolve the Union, and the South was ready to stand by itself. For one Southern member, if he should be here when proceedings tending to this issue should be precipitated, he should be found, and recommending to his coadjutors to be found, "calm as a summer's morning," affording indication by no word or manner of any feeling of irritation or other feel¬ ing than contempt for unparalleled and suicidal folly. Were it possible, indeed, for this folly to pass into a graver form, to assert itself in action transgressing the limit of the free and slave population, (an extreme not to be conceived, he (Mr. A.) did not conceive it,) then it was only necessary to say, that small would be the number to return to narrate the dismal tale of atrocious infatuation and miserable catastrophe. He (Mr. A.) could bring a perfect composure, and he hoped frankness, to the discussion of the interest of the South and slaveholding region of th Union, in this subject of the annexation of Texas. The persuasion was common, of great pecuniary advantage being involved to the South, and a necessary and great extension of the sphere of slavery and slave influence. These apprehensions involved great mistake. The benefit-in a pecuniary form would, for a considerable time at least, enure almost 20 exclusively to different portions of the Union, and the sphere of slavery and slave influence would be eventually not extended, but circumscribed and reduced. The first effect of the annexation would be highly injurious, little short of ruinous, in a pecuniary view, to the slaveholding regions, in every aspect in which the subject could be regarded. The lands in Texas were so incomparably superior to the Southern lands, that the difference would with difficulty be estimated. A depression, and a great one, in the price of these lands must be immediately experienced. But then it was said that a proportionable increase would be felt in the prices of labor. But would this occur ? The moment Texas should be opened to our people, they would rush from all quarters to the new-found El Dorado, taking their black labor with them. Now, the value of slaves depended on the value of what they raised ; and tobacco and rice, and cot¬ ton and sugar, being all low, how could the price of slave labor rise ? The market was already glutted with its products. How, then, could it un¬ dergo enhancement of price or value ? This remark had application to the entire South, from Maryland to the Mississippi valley. What, then, was to be the true value of annexation to the South ? it was true of Texas as it was true of all new countries, that, for a time, slave labor, was very valuable, and so it must continue as long as the prices of all sorts of pro¬ duce were high ; but these prices, after a time, underwent inevitable subsi¬ dence, and by degrees, as production multiplied, it would fall so low as to be inadequate to the just maintenance of slave labor, which was expensive from various causes, and especially the disproportion between the laborer and the non-effective persons connected with him. In Pennsylvania arid in New Jersey, and other Northern States,they once had slaves,and they made a great merit of having given them emancipation. But he (Mr. A.) would put it to any candid man north of Maryland to say whether, now, the subjects of culture prevalent in those States would bear the expense of slave labor? Slaves were prolific ; they usually had large families ; their proprietor, while he maintained these, had little further compensation than from the labor only of the father. For the labor of one man he had often to sup¬ port ten or a dozen persons. Would the products of the North bear this ? They would not; and the inference was, that wherever there was not some peculiar and very valuable product, such as tobacco or cotton, rice or sugar, slave labor grew to be too expensive, and must cease. There did not exist a country on the globe, not Flanders or China, which could endure the ex¬ pense on mere grain and vegetable productions. This condition of things was fast coming both on Maryland and Virginia. Missouri and Kentucky were so much better adapted to the production of tobacco, their peculiar staple, that these States must speedily sustain the change from a planting to a farming character of their agriculture. Mr. A. would not allow the North that vast amount of merit it claimed for the emancipation of its slaves. The Northern States could never have advanced as they had done, or at all, had their labor been retained in this condition. The time wouldcome in all merely farmingcountries having slave labor,that itwas not the slave who would run from the master, but the latter who would run from the slave, where the labor of the slave would no longer yield recom¬ pense to the master, nor the means of the adequate maintenance to him¬ self, which was equally his due, in a view of true economy, moral obliga¬ tion, and humanity. Here, then, were to be the effects of annexation on the South. At first, de- 21 pression of the value of lands, no enhancement in the price of its peculiar labor, but the certain (though gradual and slow) discharge of this labor from a region of deficient recompense and subsistence, to a scene of ade¬ quate remuneration—the result of the value and demand for the produc¬ tions of slave labor there. Did this result of keeping open a drain for slave labor in Texas involve no advantage to the slaveholding States? Certainly, the highest advan¬ tage. But it was not present pecuniary advantage, nor did it tend to the extension of a slaveholding influence in the Government. The number of slaveholding States increased, in the event of the annexation of Texas, by one or two, would, in the. ultimate result, be diminished ; slavery would be removed from the Southern Atlantic States, probably from three of the Western States now admitting it. The sphere of slavery, the number of slaveholding States, the amount of slaveholding influence in the National Councils, would be reduced. The gain would be great to the slaveholding States, and to humanity, in the preservation of a better condition of the slave. The gain would be no less to the free States, not only in the addi¬ tion of slave States to their number, but in the infusion of their own popu¬ lation, to supply the place of the proprietors, who would remove with the slaves, and leave to their acquisition the land as it became unoccupied. But would not slave labor, it would be asked, become redundant, too, in Texas, and the evil of this redundancy be only transferred, not diminished ? The answer was, first, this condition of things, full of calamity to all par¬ ties—the slave and the master, and the community—would be postponed. Secondly, it would be alleviated by concentration. Thirdly, the avenue of relief and escape from it would be open, in the contiguity to Texas of * countries which would not refuse admission to the redundant slave labor, not as slave, but as free labor. There were two terminations to social slavery. The first was the dis¬ charge and intermixture of the slaves with the free portion of the popula¬ tion in an equality of civil condition. This mode of termination could be never realized at the South. If it could, the result would be full of mischief to the North, as of destruction to the South. A large proportion of two and a half millions of persons, unfitted for the enjoyment of civil privi¬ leges, seeking subsistence in all modes, preferably to the exercise of indus¬ try, would be precipitated on the North, to exhaust its charity, fill its poor- houses with lazars, its prisons with crime, and turn its philanthropy to cru¬ elty, from the necessity of self-protection. A member of the House of Rep¬ resentatives from New York had exhibited at this very session evidence of strong and sober sagacity, in making on the-floor of that body a declaration to the effect that, if the South should ever decide to emancipate its slaves, the North would be driven to take arms to prevent it, from an obligation of self-preservation. Never opinion was better founded ; and if such a crisis were to come, which it could only do by occlusion of discharge to the re¬ mote South, of the redundant slave population, bitter would be the retribu¬ tion of the North, for the unfraternal, inconsiderate, and most injudicious temper, which so many of its people are not ashamed to indulge towards the South on this subject of her slave institution. The second of the two modes of termination of social slavery was by convulsion such as had been witnessed in St. Domingo, terminating its ex¬ istence in overthrow, not emancipation. Such is the termination which must ensue when the slaves grow out of all proportion in number to 22 the masters, as their tendency is to do. This was the form of the evil with which the Southern slaveholding States was threatened, if the appropriate drain for their redundant slaves should come to be ob¬ structed. The question for the North to reflect on was, whether a con¬ dition of society of this character in the South should be more the object of favor, in a moral, political, or commercial view of the consequences which its introduction would involve, than the continuance of a state of things like the present. Common sense must be lost in the vapor of fa¬ naticism, in men who should fail to see an interest of the whole Union, hardly inferior in magnitude or directness to that of the immediate South, in this momentous subject. One other topic, said Mr. A., he had to advert to, and he would bring his trespass on the attention of the Senate to a conclusion. Not a Senator, he believed, had addressed us in advocacy of the treaty, but had insisted that Texas must be taken now by this treaty, or be lost.. On the instant of our refusal of the treaty, she was to throw herself into subjection, political or commercial, to Great Britain. The cabalistical phrase " Now or never" was pointed at our bosoms, to awaken the nerve of our terror. The Senator from Missouri had placed this subject in its just point of view. Of whom was the population of Texas composed ? Not descendants even—our own people. Were they going to recolonize to England ? Forget the associa¬ tions in which they had been nurtured ? Renounce the pride in which they lived, that they were sprung from the men of our Revolution ? The yoke which we threw off at the Revolution, the heaviest pressure of it commercial—was it men that stood in the same relation with ourselves to the Revolution, who were going to put it on their necks? The Senator from Missouri had answered for the friends he had in Texas. He (Mr. A.) ' had one friend there, for whom he would answer, that he would abjure this imputation on his adopted State, and, in any extremity of her circum¬ stances, renounce this refuge for her, which she was accused of designing to seek. But even though the question presented by the treaty, was the accept¬ ance of Texas " now or never," were we at liberty even then, in the ad¬ mitted reality of this choice of alternatives, to forego the obligations which invoked our rejection of the treaty ? The reality of broken faith, the im¬ putation of unscrupulous aggrandizement—these were the considerations we were to pay. Our friends of Texas would cease to set value on the Union, were this the cost, never desiring association with us but in honor. If, then, this was decided to be the election presented to us, annexation in the circumstances of this treaty—by this treaty, now, or annexation never—if this were truly the real question, now or never ! was there room for hesitation ? No! The loud exclamation ! let it go out from this Hall—resound through this land—reverberate from Texas, Never ! oh, never ? J3. SPEECH OF MR. JARNAGIN, OF TENNESSEE, ON THE TREATY FOR THE ANNEXATION OF TEXAS. Delivered in the Senate of the United States, in Executive gession, June 6, 1844. The Treaty annexing Texas to the United States, and also the resolutions offer¬ ed by the Senator from Missouri, (Mr. Benton,) on that subject, being under consideration— Mr. Jarnagin said : I will ask the indulgence of the Senate while I submit the reasons which have determined me to vote against the Treaty now under discussion. Upon this subject, the first question to us, beyond all doubt,in mag¬ nitude as in sacredness, is the constitutionality of the act proposed to be done under the authority of the treaty-making power. For, after all, the rules of mere national law are often violated .with impunity for the sake of policy, personal in¬ terest, and national aggrandizement. We did not establish that code : it is, in many points, unsettled ; in others, we have refused to conform to it: but we are inextricably bound, by direct faith, to the principles we have deliberately set up for our guides at home and abroad. By common avowal, no temporary good, however desirable in itself, can compensate a direct violation of the Constitution; for the latter extends over the whole future, and breaks down every security to us as a people. The Constitution has given, and could give, no such authority as that now assumed by the treaty-making power. It is a strictly extra and ultra-constitu¬ tional one > for a Constitution is an agreement between the parties to it. If it is that of a single society, then the parties are the body of its citizens. If it is a compact between several societies, forming by it a federative league, it is these separately who make the parties to it. In either case, to introduce or exclude a member cannot be within the scope of the compact; because it would vary the parties, and so terminate the agreement. The terms of the instrument itself could in no manner bestow a power contrary to this condition, inherent in the contract itself, and incapable of being excluded from it. Legally to alter these, the special assent of each party must precede the act. If done arbitrarily, with¬ out that assent, the act, though void in itself, may be rendered subsequently va¬ lid by the direct consent or the acquiescence of the original parties, who would thus, with the new member, form a new league, upon the tenns of the old; but, this done, it would be precisely as before. The fact just accomplished would only reinstate the same indefeasible conditions between new parties. It would bestow, no matter how often repeated, no power among the parties to act otherwise, as to a new change of those parties, than by the special assent of each to that change, to be given by the people themselves, according to the forn* they may prescribe. No act of this sort could, therefore, confer a power, or con¬ stitute a precedent. This is the true answer to the alleged precedent of our ao* 3 according to the argument, Mexico is carrying on an open war with some of our territories! She has invaded us repeatedly ; nay, complained seriously of our letting our citizens go into Texas to defend our soil; while we, with a complai¬ sance that the world never saw equalled before, have pleaded that we knew it was so, but that the Government really tried to hinder it; that we knew it was wrong, but that our people were very unmanageable, and that, though we tried hard, we really could not stop them ! But the most singular business of all is, that, for a good while, we have really kept a Charge d'Affaires in our own terri¬ tory, just as if it was a foreign Government! If we ever did have any right to Texas, it must be confessed to be of a tenacity of life to which that of cats and turtles, and joint-snakes is nothing: a polypus that you only multiply by cutting it all to bits, is perishable in comparison. This right is as hard to be rid of as that ghost of which Macbeth so reasonably complains, which, "with twenty mor¬ tal murders on its crown," would'nt stay dead, but returned to push people from their stools. But let us, for a moment, calmly examine this supposed right, which, it is said, we once had to Texas, by cession from France. It may be premised, that what has never been reduced to possession, nor ad¬ judged to you by law, is to be spoken of as a claim, not a right.' A right is a perfected claim. There has, in this case, been just one hundred and fifty-four years of counter-possession. Neither we, nor France, (in whose place we stand,) ever has had a moment's possession since 1686. In 1819, we abandoned by treaty even our claim, for an equivalent, which we now hold in Florida. In 1832, we reconfirmed to Mexico, by treaty, all that we had thus yielded. In 1837, we solemnly declared that, so far as we were concerned, Texas was indepen¬ dent. In 1841, we marked out, by treaty, the lines between us, defining where our possession ended and Iter's began. At present, even, under this claim, our troops are ordered, avowedly, not to pass out of our soil, across the Sabine. And to Mexico herself, while so unscrupulously plundering her of what she says are her rights, among many pretences, we have not even the face to set up this one, but say that we are acquiring, or mean to acquire, a right of Texas herself, as an independent nation. If, then, the word re-annexation is to be used for justifying what is to be done, it is fatal to all the steps taken for the purpose of doing it. If we yet have such a right to Texas as former treaties could not destroy, what have new- treaties to do with it, or how can treaties restore what treaties could not take away ? If it is ours, no more is to be said about it. If ours, how can we treat with its possessors as an independent Power ? If ours, what is President Hous¬ ton but a mock-magistrate, and his Congress but men of straw ? If ours, why offer Mexico repeated equivalents for it ? Why now offer more than we ever offered before? To her we are tendering what is estimated at five or six mil¬ lions, and we contract to settle at least ten, perhaps twenty, with Texas herself; all this being for what is already ours, by the law of the land and of nations ! If this be not so, there is no force in the word re-annexation, and it is used deceptively. But how came we by this indisputable right? Let us see. It came by ces¬ sion from France. She passed to us, by it, in 1S03, absolutely, all that she had in posssession—that is, her positive rights, already made good up to the Sabine, or nearly ; and, in addition, she passed to us a claim against like rights still longer made good by Spain, of which she was equally in uninterrupted posses¬ sion. The first of these powers had, between 1712 and 1717, under claim of discovery in 1683, occupied and settled Louisiana, of which it never after¬ wards, by possesion, extended the confines beyond the Mermento, nearly the Sa¬ bine. Nothing can be more indisputable than this. The second Power occupied Texas in 1690, erected it into a regular province in 1693; and finally main!- 2 quisition of Louisiana and Florida, which are now properly a part of the United States, upon the principles just declared. But even upon less comprehensive grounds, these two facts confer no authority. Mr. Jefferson, the author, (it may be said,) because the originator of both, avow¬ ed the one which he himself accomplished, to be unequivocally beyond the pow¬ ers of this Government by treaty, and urged that, to make it valid, the nation should ratify it by a constitutional act, thereby getting the consent of the people, and not alone that of the President and Senate. He obviously proposed, how¬ ever, only a special confirmation, not the embodiment of any general provision, or future rule or precedent, for the treaty-making power. Those acts, then, were done in contemplation of a constitutional ratification, held by the author himself necessary to legalize them ; and that ratification has been neglected. If, then, resorted to as precedents, it is directly in the face of his authority, as they never were rendered constitutional, as he thought they would have to be rendered, but became valid by acquiescence. Besides, he wished to make of them special ea¬ ses, legitimatized by a subsequent consent, to cure a past wrong, not to give a future or further authority. The act thus avowed,by its very authors, unconstitutional, and held ever since by the world to be so, is surely the very last that can be erect¬ ed into a constitutional precedent, and cannot be urged, with propriety, by those who now attempt to avail themselves of it; for we have in our history many cases of acts done as constitutional, to which, as precedents, all authority is denied by them, and yet they here attempt to make a decisive precedent of (hat which no man ever took to be constitutional at all! The force of these reasons, even as stated in a far less conclusive form, is con¬ fessed by the many evasive methods taken to avoid them—this juggling of call¬ ing it " re-annexation," or that of pleading a political necessity, purely fictitious, or some pretended engagement contracted, or right obtained by our having recog¬ nised the independence of Texas, or the slight-of-hand trick of bringing her in as a territory, not a State, by one branch of the Government alone. These grounds convey not only no slight avowal of the absence of any solid form of doing the thing but by a resort to the people or their representatives, but are subversive of all constitutional restraint, call in for their instruments all sorts of violations of domestic and foreign obligations, remit for the purpose unbounded powers to the Executive, and are in many particulars directly in conflict with each other, or with the motives or excuses alleged in behalf of other points in this scheme. We will examine them in their order. The term " re-annexation " is meant to convey the idea that we have, some how or other, a subsisting right to the country of Texas, so that, not being a for¬ eign one, it can be legally incorporated in our Government. It is easy to see that, to the full extent to which this supplies a cure for any constitutional difficul¬ ty, it is fatal to other capital pretences set up or acts done. It utterly overthrows our own allegation that Texas is independent and capable of being a party to a treaty : it is in direct conflict with all the terms and objects of that instrument: it renders ridiculous our avowals to Mexico, and especially our final measure of buying her out: and as to our complaints of England and her intermeddling, it points conclusively to what should have been our course—to let the British Go¬ vernment know that one of its public agents was making mischief, under pre¬ tence of a Royal commission, in our territory, and that we received diplomatic personages here, and not in Texas. It is worse still as to Mexico. With her we acknowledge ourselves, in every way, to be strictly at peace : we keep envoys at her capital: we allege no subsisting wrongs, for she amicably and honorably meets and settles all complaints : in fine, whatever may be said against her cruel¬ lies and barbarism, we cannot withhold the admission, that her national conduct towards us is most friendly, exemplary, full of faith. And yet, all this while, 4 teuned uninterrupted possession, al all times, up to the Sabine. What more need be said? If permanent occupation confers at last a territorial right, and that of France to Louisiana, as she held it to the Mermento, was good, that of Spain, to Texas, up to the same actual limit, was better, because older. In a word, it was possession alone that made any real title for either. All the rest was much like the style but lately abandoned by the English monarchs, which included, as a part of their dominions, Fiance, where they had not had a foot of land for centuries; or, like their keeping the title of "defenders of the faith," bestowed by the Pope, long after they had turned Protest ants. It is to be remembered that it was not only France that claimed Texas to the Rio Grande, but Spain that claimed Louisiana as a part of Florida. The one went back to discovery from 1677 to 1685, the other to discovery from 1512 to 1542. Now, all must grant that mere discovery must yield, as a right, to regu¬ lar, continued, uninterrupted possession. Discovery gives only the first imperfect claim. If not speedily followed by regular occupation, that claim may be super¬ seded by another nation, which takes and keeps regular possession, the only thing which can perfect a territorial right. These are grounds which it would be perfectly idle to dispute. But if, from these, we choose to go back to the only ones which can be set up as of prior va¬ lidity, then it is upon the mere fact of discovery, accompanied wi'h certain for¬ malities of taking possession, but not a real national settlement, that our claim through France must be set up ; and if this is to be the test, and not possession, we must not only fail to make good our title to Texas, but must lose that to Lou¬ isiana; for the Spanish discovery of both is full one hundred and thirty-five years older than the French. It is perfectly incontestible that Ponce de Leon discovered and took possession ©f Florida in 15L2; that Hernando de Soto penetrated from it to the Mississippi, about the mouth of the Arkansas, with near five hundred men, in 1538 ; that Alonzo de Soto made his way from that point to the mouth of the Mississippi in 1541; that his force coasted back to Mexico, discovering the intermediate region in 1542. On the French part, what can be opposed to this? That in 1677 La Salle came down the Mississippi to the Arkansas; that in a second expedition, in 1683, he descended the Mississippi to its mouth ; and that in a third expedition, (sail¬ ing now from France, as the others came from Canada,) he landed in the bay of Espiritu Santo or San Bernardo, and there built and held a small fort, from February, 1686, to January, 1687; but abandoned it then, and was driven off;, since which time, the French right, if ever such at all, became but a claim found¬ ed on these facts, and maintained or urged only in the idle form of diplomatic skir¬ mishes of words, against the clear, definite, undisturbed possession by Spain, .from La Salle's time up to the actual border of Louisiana, as at last settled une¬ quivocally in practice, in fact, in the jurisdiction exercised by the nations respec¬ tively, up to the Mermento. Then, whatever the old self-love of either might say, in the gasconade of claim or counter-claim, the two nations, the two tongues, met; and this last fact alone, were every thing else silent, would be enough to overthrow the entire allegations of the French. For if, as I have shown, this was a question of priority, of regular occupation, of planting and colonizing, what proof is so strong, or what monument so lasting as that which the geogra¬ phy of both countries affords, in the names of all the rivers and towns ? On one- side of the Sabine, they are nearly all French; on the other, all are Spanish except a few, founded within the last twenty years. In a word, you have only to glance at a gazeteer or a map of either country, and to consider in what soBgue are the names all over its surface, in order perfectly, and beyond all argu- 5 merit to learn, what was a Spanish territory, and what a French, where Louis krna ended and where Texas began. I enter not, therefore, and consider it totally useless to enter into the long chi canery of diplomatists on either part. To what tales of travellers, to what geo graphers, to what maps, to what former pretensions on either side they may havt referred, is certainly not of the slightest consequence. What are these thing worth against original settlement and long established possession and jurisdiction Could the Spanish claim that Louisiana was included in their great region o Florida, (by their old assumption, stretching back to Texas,) shake the certainty the legal authenticity of the French rights on the Mississippi, when they had onct been suffered to establish themselves there without being dispossessed ? It mus be granted, beyond question, that the first imperfect right there was in favor o the Spanish ; but that this was afterwards entirely lost by their failure to perfec it by settlement. In like manner, of course, of (he Spanish claim to Texas This had been perfected, and was, besides, upon historical testimony, originally much the older as to discovery. What the quibbles of negotiators may be, about matters the most airy, we learr abundantly from cases of our own, either yet pending or but lately adjusted.— From the beginning of our national existence down to 1842, we had a boundarj question of this sort with Great Britain, of almost indefinite extension. Yet hen there was a definition by treaty; while there never had been any of these riva claims of Spain and France, which, however, gradually settled themselves b) opposite occupation. We have now pending another question with Great Bri tain, almost equally old ; for we found our claim and light to Oregon partly or discovery in 1786 or '7. In all these cases, the adverse Plenipotentiaries nevet fail to assert, as perfectly unanswerable, every pretension which their nation evei has or can set up. On each other, they may, or may not, make an impression From 1805 to 1819, Messrs. Madison, Monroe, and Adams, made none on theij their Spanish adversaries. Nothing was won of Great Britain, as to the North¬ west boundary, by a long series of able Ministers. From the year 1S15, all out Secretaries of State and Envoys have done little to advance an adjustment of out claim on the Pacific. Yet both nations are alike pertinacious in the persuasion of their rights; for though, as I have said, they are little like to satisfy each other the negotiators must be very bad ones, indeed, if they do not perfectly convince their respective nations. I lrave known attorneys not to silence their adversaries or persuade a judge, but I have never yet met the lawyer who did not convince his client of the perfect justness of his claims. What, then, need be said of it, if a popular confidence in our original claim tc Texas yet survives its long and its deliberate abandonment, in 1819, by statesmen thoroughly versed in the question, and entitled to the public reliance? As En¬ voys, or Secretaries, Monroe and Adams maintained our title; but, after negotia¬ tion, Monroe, Adams, Calhoun, and Crawford, as responsible agents of the nation, gave it up. Are their pleadings, as advocates, to be opposed to their own final judgment as public men? I maintain that, as to mere authority, the decision of our negotiators themselves, (men of high ability, unquestionable patriotism, and much better acquainted with the question than any of us,) is entitled to the high¬ est weight; and that to oppose to it a floating popular opinion of the day, though ill-informed, guided by an ex parte argument only, and now sunk into a mere tradition of what was at first but vague, would be utterly unworthy of the good sense of our people, and still more unworthy of those setting up, as statesmen and civilians, wisely to guide the people's judgment. \ The public, wise as it is when it chooses to be so,highly competent as all confess it, to decide, when it has once canvassed things without passion, is somewhat g;ves to be impulsive in its j-jdgments, and not a little prone to look 6 on the purpose, or fancy of the day as having always subsisted. Florida, now long since obtained, has ceased, of course, to serve an important object. Yet . that was once the darling aim of our great national organ of acquisitiveness, upon which the idea once sat pnthroned, as the chief scope of all policy. Even before the sudden and fortunate acquisition of Louisiana, we had began to covet the land of flowers quite as warmly and with nearly as many visionary notions, as we now long for the land of fruits. When we had once grown masters of Louisiana, we proceeded, in 1810, to help ourselves to a very pretty slice of Florida, which we had expressly, in 1805, recognized to be Spain's, by an offer to purchase it, unaccompanied with the smallest assertion of any title on our part. In 1818, by a still bolder stroke of that sort of diplomacy, which clutches what it wants, when it can take it, we may be said to have struck at all the rest of the Peninsula. It was, in a word, from 1803 to 1819, the lead¬ ing object of our territorial cupidity. To bar out, by its possession, all foreign access within our shores: to close the door against foreign emissaries alledged to stir up to war the formidable Indian tribes that lay in easy communication with it; to round out our realm, and abolish its interruption at so dangerous a point; to exclude smuggling, that transmitted and customary pretence set up for every acquisition or encroachment, and now renewed even by the very party who can least be accused of any violent zeal for the preservation of our revenue laws—these, and the grasping a strong maritime position, the fortress to us of the entire West India trade, and the sea-pass of all our great and rich young empire, about to spring up on the Mississippi, were, in that day, both to our statesmen and to the popular mind, the imperative motives for making it ours, at almost any cost. To Texas, on the other hand, no eye of desire had yet been turned. None of the transcendent advantages which it now offers, none of the frightful dangers which now glare upon us from every part of its soil, had then visioned themselves to the prophetic glance of the Secretary of State, even during a four years continuous negotiation, (our second on the sub¬ ject,) and even though, during three fourths of that contest, he had been a member of the cabinet which conducted it. Now, whatever may be said of any other inducements of an airy sort, such as the imagination of a poetic and fanciful politician can always easily call up, nay, and turn, with the assistance of anony¬ mous letters, (of which the present occasion has furnished an abundant crop,) idle speculations into certainties the most positive and alarming—it is easy to see, that all the physical and all the permanent political benefits that would accrue to us from reducing Texas to possession, were the same as now, and just as visible to the discerning eyes of great and skillful public men. The question of right they surely much more thoroughly understood, than we un¬ derstand it now ; for I need scarcely say, that it has long ago passed out. of the public mind. Mr. Monroe, the successful negotiator of the purchase of Loui¬ siana, subsequently our special minister at Madrid in this very matter—the Secretary of State, who, in 1815, re-opened the conferences with Don Onis, con¬ ducted them above a year, and when he rose to the Presidency, must be sup¬ posed to have guided with particular care a great question like this, with which he was every way so identified—must surely have understood our rights, and was little likely to betray them. Had he been false, however, two other South- , em politicians of the first magnitude were there to watch him, and one of these, at least, was surely a man not to be hoodwinked as to what was passing imme¬ diately beneath his nose, when his vast perspicacity stretches across the ocean itself, and pierces the secrets of cabinets 3,000 miles away. By a singular fatality, amongst the leading politicians in Mr. Monroe's cabi¬ net, it was a Northern member, (as seems now admitted) who came last into the surrender of our claim on Texas. By a second fatality, not less singular, and * 7 adding to its singularity a shocking injustice, it is upon this very opponent of 1 the surrender that, with a strange transfer of parts and a strange anachronism of feelings not yet awakened in him towards the South by its treatment of him, the blame of that measure has been thrown, with the addition of the most igno¬ minious, and most manifestly unfounded charges besides; and it has been ' attempted so to be thrown, for the benefit of this project, and of a leader, who himself, if Southern interests had any foul play in this matter, must be held to have been much less their guardian—much more their betrayer, than Mr. Adams. It will have been seen, that I consider it perfectly clear that there was no be¬ trayal in the case, and that in the past, there was any thing but guilt in what was done. It is plain that, besides doing all he could to secure the great and real object of the cabinet, (the acquisition of Florida,) the Secretary of State fought to the last, as became the most pertinacious man of his day, to obtain what the other members of the Administration had consented to yield all claim upon, namely, Texas. Let me here say more explicitly, that the survey of all these negotiations—-that of Paris for Louisiana in 1803—that of Madrid for Florida and Texas in 1805—and that of Washington for the same objects in 1815, and 1819, has left on my mind only the thorough persuasion, that they who conducted the business on our part, knew, could not help knowing, how utterly untenable was our claim beyond Louisiana, as we had received and now held it from the French; and that they employed it thus perseveringly, with but the expectation of accomplishing the real aim, the acquisition of Florida, at a cheaper rate, by thus harrassing about another territory, a power long in a pre¬ carious state at home, already widely threatened as to her possessions on this continent, and to whom we ourselves had just given a humiliating lesson of the little safety with which she could hold lands bordering upon our own. I know that it maybe said, and especially by the advocates now of proceedings the most utterly faithless, that I am here attributing to our negotiators a very dis¬ graceful, that is, a very immoral conduct. I have only to say, that such things fie entirely within the permitted practices of diplomacy ; which is everywhere, except as to deliberate fraud upon our adversary, or breach of faith when pledged, but little more than a game of skilful pretences. Every thing here warrants the belief that these were the resort in this instance. They have met a fate which often attends all insincerity, individual or national. The efforts made to impress upon Spain our earnestness and the solidity of our claim, had, in the manner I have already pointed out, the hap to convince our own people, and thus to leave, even down to the present day, a strong persuasion that Texas, of which France had never been in possession, against which she had always allowed her claim to slumber, and which she had, when applied to in 1805, di¬ rectly refused to say was included in her cession to us, had been yielded up by the treaty of 1819. Let me appeal to one final and decisive fact, brought to view, on the Spanish part, in the contest. Don Onis establishes that, in the year 1803, our Govern¬ ment, then pressing Spain for the purchase of Florida, made to that country, through our Minister at Madrid, the offer of a regular guaranty of all her pos¬ sessions west of the Mississippi, if she would agree to sell us what lay on this side. This important instrument may be found in vol. 4, page 512, of Ameri¬ can State papers, by Lowrie and Franldin. Mr. Charles Pinckney, in his note bf the 7th February, 1803, to Don Pedro Cevallos, says: " To obtain this, they have authorized me to say, .that, should His Majesty be now in¬ clined to sell to the United States his possessions east of the Mississippi, or between that and the river Mobile, agreeably to the propositions enclosed, the United States will make 8 to His Majesty, and I do now make, in their name, the important offer of guarantying to hint and his successors, his dominions beyond the Mississippi." Propositions enclosed. " 1st. The United States will purchase the possessions of His Catholic Majesty on the east side of the river Mississippi, for which they will pay dollars. "2d. They will purchase these possessions, for which they will pay dollars: and, moreover, guaranty to His Majesty, and his successors, his possessions beyond the Mississippi. "3d. They will purchase the country between the rivers Mississippi and Mobile, belong¬ ing to His Catholic Majesty, and also places of deposite near the mouths of the pther navi¬ gable rivers passing from their territory through either of the Floridas, for which they will pay dollars, or enter into other obligations which may be thought equivalent to the ac¬ quisition. "4th. If neither of these propositions can be acceeded to, they will then purchase certain tracts of country on the banks of the Mississippi, and the other rivCrs passing from their ter¬ ritory into that of His Catholic Majesty, for which they will pay dollars, or enter into other obligations, which may be thought equivalent to the acquisition." I need hardly point to the weighliness, in the present question, of this " impor¬ tant offer." It was made, be it remarked, after the French had acquired Louis¬ iana, but before yet our design to purchase of France had been started. Our Government had been aware of this cession since March, 1801, but never knew the precise terms, nor extent of the transfer, until a few months before the pre¬ sentation of this important offer. James Madison, in his letter of the 26th July, 1802, to Charles Pinckney, Minister to Spain, says : " The last information from Paris renders it certain that the cession of Louisiana to France has actually been concluded, and that the cession comprehends the two Floridas. In this state of the business, it seems unnecessary to decide on the price which Spain might be led to expect for a cession of the Floridas, including New Orleans, to the United States, and the more so, as it would be of use for us previously to know the value she places on the guaranty proposed in my letter to you of 25th of September last. For the present, the cession wished by the United States must be an object of negotiation with the French Government. It will, notwithstanding, continue to be proper for you to cultivate the good dispositions of Spain, in relation to it, both as they may not be entirely disregarded by France, and as, in the turn of events, Spain may possibly be extricated from her engagements with France, and again have the disposal of the territories in question." Now, here is a solemn and a voluntary pledge to Spain, by the Jefferson ad¬ ministration, and through James Madison, in behalf of alt the Spanish "domi¬ nions " and " possessions " beyond the Mississippi. It is made after the estab¬ lishment of those French rights to which we presently succeeded, and clearly, therefore, as an engagement to unite with Spain in withstanding any attempt of France in contravention of the subsisting possession of Texas, or other regions beyond the Mississippi, by Spain. It is, in a word, a direct, and, at that time, an impartial recognition of the rights of Spain to those territories, and a proffered covenant, on our part,.not only that u-e will not disturb her there, but that we will suffer no other nation to do it. I need hardly add, that, whether or not it was accepted by the power to which it was made, is of no consequence, except to the active duties which by it we might have assumed. Passively, it pronounc¬ ed the Spanish title unquestionable. It settled, or should have settled, forever, as to us, the question of right, unless, indeed, there should now be found, under the new system of national ethics, as adapted to the annexation project, learned doctors who are ready to argue that the offer thus soberly made implied no per¬ suasion of what we undertook to affirm ; that our Government, the Jefferson ad¬ ministration, in no manner believed what it was willing to say, but only engaged to believe it, if Spain would do an entirely independent thing to oblige us ! I have thought necessary, Mr. President, to enter thus distinctly into the re¬ futation of these lingering notions of our former rights, though now abandoned not only by the irrevocable acts of honorable treaties, but our quiet possession 9 of Florida, then the great object of Southern wishes, as Texas is now :|Florida yielded to us,'as then declared, in part as an equivalent for the renunciation of all future claims in the other quarter. To moTmen's minds, there is no argu¬ ment so strong, in favor of a meditated act of injustice, as the convincing the people that they themselves have been originally wronged out of the object they seek. Upon this natural infirmity, this bad casuistry of the passions, the advo¬ cates of this wicked, this faithless Treaty under discussion—the advocates of which call it "re-annexation"—have endeavored to operate. They have availed themselves of the old and groundless public notion spread by the causes I have explained. In aid of these, they have appealed to a personal animosity existing, in many quarters, against a single negotiator of the treaty of 1819, though but a subordinate instrument in the matter—though evidently guided all the while by not only a superior power, but by an older and more familiar agent in the question—though joined all the while with a strong Southern Ca¬ binet—though then unaffected with any resentment towards the South—though now well understood to have yielded reluctantly what a Southern President, a Southern Attorney General, and two Southern Secretaries had conceded. Not content with all this, they have trumped up, to finish by imposture the work of awakened prejudice and detraction, a charge as infamous as it is unsupported, of the suppression by the Secretary of State of capital parts of the negotiation, and his treasonous arrangement to avoid obtaining all that we had ever pretend¬ ed to claim. I need scarcely say to any one who has felt it his duty, as I have done, to scrutinize these accusations, that the printed history of the negotiation, to which I have more than once referred, affords a chain of testimony that an¬ nihilates every trace of these charges, even every possibility of their truth ; and that not only do the new documents produced utterly fail to substantiate what Mr. Ewing is said to have informed General Jackson of, but even, when a little sifted, theanselves afford decisive proof against nearly all that they claimed to establish. Of these last things, I need speak no more than thus to characterize them, especially when I have so clearly shown the legitimate grounds upon which the treaty was concluded, and the true stale of our original rights under the cession of Louisiana from France. It is clear that we obtained at least as much as we had any tolerable pretence to, and, in addition, at the inadequate price of five millions, to be paid to our own citizens, our favorite object of that day, the possession of Florida. And it was the more necessary that I should endeavor to correct the erroneous opinion prevailing without on these matters, because, even in this body, and among Senators averse to this wild Treaty, we have heard the same opinions in regard to our original title to Texas as a part of Louisiana. I pass from this examination of the proper and'organic power of our Govern-^ ment over this matter by treaty, as one involving every domestic and constitution¬ al question, and from the consideration of the main subterfuge by which is to be avoided any impediment arising out of the national compact itself, to other ob¬ jections as fatal to the form as those already glanced at are to the substance of this act. The instrument before us is styled a Treaty ; yet I cannot but look on it as des¬ titute of all the essential characteristics of a great act of that sort, between nation \ and nation. Is that Irish act of union, which annihilated Erin's independent legislation and her entire nationality, a treaty? Or was it only an act of in¬ corporation, of political extinction? Was it a treaty when Russia, by ukase, bade Poland cease to be? I freely admit, the writers upon national law re¬ cognise as treaties exceedingly unequal engagements between States, and even such as reduce one of them to the verge of non-existence. There are, also, tem¬ porary conventions, miscalled treaties, which may be made with de facto Govern¬ ments, for the mere purpose of peaceful intercourse, to which a neutral nation 10 may resort, under certain circumstances; but as these involve no absolute exer¬ cise of perfected sovereignty, they must take an inferior rank and name- A treaty, in a word, supposes at least two parties ; and parties to such a thing they are not, unless both are sovereign. Here there is but one such party. The other has; yet to make good, against a power on which it but lately depended, still claiming it as dependent, and with which we are bound not to interfere, its separate su¬ premacy, the eminent domain over its soil and people. Between them we can¬ not interfere without a faithless violation of treaty engagements. For this I have high authority—no less than that of the Senator from South Carolina, (Mr. Mc- Duffie.) In his message of 1S36 to the South Carolina Legislature, he says: " If we admit Texas into our Union while Mexico is still waging war against that province, with a view to restablish her supremacy over it, we shall, by the very act itself, make our¬ selves a party to the war. Nor can we take this step without incurring this heavy responsi¬ bility, until Mexico herself shall recognise the independence of her revolted province." Were both the parties, however, really sovereign, so as to be capable of the highest acts of nationality, (such as give no rights against them, to others,) there are acts which, as between them, would not be treaties, because they put an end to the seperate existance of the one or the other. For a treaty must leave, as well as find, two parties, in order that the obligation itself may continue. Under the ideas of monarchical systems, which suppose that a people may be held in fee simple, the sovereign may, by renunciation, or alienation, extinguish the sovereignty ; not so, however, under Republican principles. By these, a State, once free, cannot divest itself of its freedom, cannot extinguish its individuality as a people, and the act would be void, precisely for the same reason for which we hold that a freeman cannot, by contract, part with his liberty. Were Texas,' therefore, a State, sovereign and free, she could not by treaty reduce herself into our dependancy and territory, though I admit that she might unite with us by another process. I have already shown, at the outset, in examining the powers of this Govern¬ ment over a matter like this, that it has no power and could have no faculty to incorporate with ours, of its own action, another people,or an external territory. It is equally clear that, could the sovereignty of Texas be extinguished, this could only be done by the immediate act of her people itself, not of her public- functionaries constituted for another purpose. Nor would some former assent of her collective citizens, some vote of six or eight years since, such as is now putin to stand for her will, be valid for the purpose, still less can it be valid, when the assent then obtained, was to a thing totally different. The vote then taken was for her union to this confederacy as an equal member, not a depend¬ ant territory ; for, as all know, this last evasion of the Constitution, this indi¬ rection, hud not then been thought of as within the reach of the treaty making power. That blessed and bright invention of the strict constructionists had not yet sprung, Pallas like, from the brain of any Southern Jove. A treaty then supposes not only two parties, but parties competent to what is to be accomplished by it. If the object is a cession of any kind, the one party- must be qualihed to grant, and the other to receive that object; but since both these conditions are wanting here, this is no treaty. Had we ourselves been competent to such a transaction, beyond doubt a party, namely, Mexico, might have been found, with whom we could enter into it. To search so far was manifestly unnecessary, however; since when no right can be taken, it is of exceedingly little consequence whether any can be given or not. But since equality in treaties is greatly to be desired, it was clearly best, that a party inca¬ pable of receiving should have to deal with one equally incapable of giving. Knowing the consummate prudetice as well as wisdom of the Administration, I make no doubt that it gave, in its long and proi'ouud deliberations over this 11 matter, great weight to this last consideration. Not equality only is to be desired in treaties, but simplicity ; and certainly the course taken greatly simplified this business. For between our own incompetency to the thing and that of our well chosen counter-party, there is a wonderful conformity. If Texas be sove¬ reign, the doctrine of some politicians is, that this Government is not—has but a quasi sovereignty. Here, then are very pretty facilities to this State Rights operation of clinching a State's sovereign rights to that which has none. What becomes of the vanished supremacy? Does it flit to the moon, where the last wits of heroes, the over-volatile virtue of dames, and whatever else is missing from earth, (poets say) is treasured up ? Or does it lie dormant, like a bear in his winter sleep, sucking his paws ? Or is it bottled up for another generation, like South-side London Particular Madeira, to grow only the finer the longer it is kept under cork? But according to the same creed of State sovereignty, what are we buying, under this so called treaty? Are we purchasing of an independent State, what our Declaration of Independancc declares to be inde- feasibly in every people, the rights of their self-government? We surely are not driving a bargain for the public domain of Texas, well understood to be entirely alienated, perhaps twice over. Here I will take occasion to state an im¬ portant fact, without stopping to characterize it as evincing a purpose to produce a false impression. I am utterly opposed, however, to the people of the United States being deceived by it. The tact to which I allude is this ; the negotiators of the Texas treaty on the part of Texas, Messrs. Van Zandt and Henderson, in their note to John C. Calhoun, Secretary of State, of the 15th of April, 1844, in reply to certain inquiries of Mr. Calhoun, say: " Upon the subject of the public lands,'the undersigned submit a summary statement, made from a late report of the Commissioner of the General Land Office, to the President of Texas. To this " late report" no date is given, although it was communicated to the Senate with the treaty, as evidence of the quantity of land we were to get, out of which to pay the debts of Texas assumed by us. Now, sir, what will you think of this statement, when informed of the fact, that this " late report" was made in 1841, since which time we have no account of lands sold or granted by Texas? The date of the report appears by the memoir accompanying the map of Texas, sent here by the President of the United States. What, then, are we to get for the assumption in blank of all the public debts of Texas? For, as to the attempted specification in the treaty, delusively put there as if they who drew it meant to limit or could limit our liabilities, nothing can be more falacious. With or without that specification, it is precisely the same thing : we are none the less liable for her previous contracts, acknow¬ ledged or repudiated. She becomes our femme cover/e, and though we may make with her before the bridal, or even at the alter, an understanding that we are to discharge only a certain part of her debts, (pay her milliner only, for in¬ stance, and let her grocer, or her butcher go whistle for his* money,) these honest tradesmen may be upon us with a capias next morning, before yet its blush has met the bashful bride's, or we have given her timid charms the first salutation of the day. What then, can we be "pretended to be buying, or other¬ wise getting, but her sovereignty ? And now, according to the very principle in chief of those who are urging us to the acquisition, what is this worth, as a vendible commodity ? Many of these very people say, that we can take no sovereign right over her, except just so long as she pleases. A part of them acres. He estimates the aggregate at Lands appropriated Remainder unappropriated 203,520,000 67,408,673 136,111,327." 12 hold a Dorrite self-emancipation to be always legitimate ; another part hold that secession is never to be denied ; and another portion claim peaceful nullification as "the rightful remedy," to which a State may always resort when she lists. What should hinder Texas, as soon as we have paid her debts, from " calcula¬ ting the value of the Union ?" If now so accessable to the offers of England, as the friends of this treaty pretend, may she not be quite as much so then, when suffering (as the Hon. Senator from South Carolina assures us that every¬ body in the South suffers) under " a worse than colonial vassalage," " the in¬ tolerable oppression of the tariff ?" Methinks there are some folks wonderfully fond of "enormous burdens," and some who are strangely disposed to entice others into wretchedness, no doubt upon the old principle, " that misery loves company." But can we be at all sure that this singular Southern application of that renowned democratic rule, called the " greatest happiness principle," will continue? After having drawn the Texans into a share in the inestimable advantages of being one of us, are they not very likely, as soon as they shall be of the household, to tell them some rather awful family secrets, as for instance, under what " a grinding tyranny" we live, and how much better off they, the poor folks of the lone star would be under the English dominion, dependant on their " natural market." It must be confessed that some Southern gentleman are a good deal given, in the snug little circle here, and in that of the other House, or in fireside parties of a few thousands at home, to talking just in this way. We ourselves are quite used to all this sort of thing. We know the patriotism and loyalty of their true sentiments, and that all this is but a joke. But when the Texas folks, already with so many alarming affinities to England, come here, will not they who know no better, take all this for earnest, and think this a very bad business that they have got into, and this coveted blessing of annexation rather a sorry boon 9 It strikes me so, Mr. President, and that the probabilities of their long retaining any very violent attachment to this Union, beyond the lapse of the mere politi¬ cal honey-moon, are by no means strong, especially under the indoctrination of the teachers to whom I have just referred. It cannot be said that it was a love of freedom that drove them from home; for that they had already, so that, as to it, they could gain nothing, and might loose everything. A part of them notoriously left us to become the denizens of a foieign land, strange to their tongue, alien to their religion, and that of their fathers, utterly uncertain in all its public destinies, and offering nothing to bind to it the affections of one bred in our institutions, except the hope of overturning the very government to which they pledged themselves, when they sought its protection, and received its bounty. The only serious allegation of the Texans was, that Mexico had ' exchanged her Federative organization for a centralized one, which was disa¬ greeable to Texas, or rather feigned to be so; for I think it clear that, had the fact been reversed, Texas would have picked the same quarrel, alledging other and opposite reasons. Not freedom, then was their aim, not theoretical rights ; not liberty of conscience, for which they had never stipulated, and in which they had all they could expect, toleration for the very small degree of religion about which they had ever troubled themselves. The real object, as all know who watched the purposes of this movement, was a totally different one. Mexico had given them liberally large gifts of fertile lands, highly fit for the richest productions of slave labor ; but as the laws of Mexico diet not pefmit slavery, those lands were comparitively valueless. The insurrection, then, putting out of view thefpersoual ambition of those who were in hope its lead¬ ers had but two real aim-:, and both these land jobbing ones, to throw off the Mexican laws, in order that slave property might be introduced; and with a wide market for sugar and cotton lands thus obtained, to seize upon a great 13 public domain, and parcel it out among the small American population, so as to enrich every man of them, and give their leaders even princely possessions. It is futile to talk of Texan liberty as having any cause, any impulse but this,, whatever show of patriotism, and devotion to the cause of self-government may have been made. It is equally futile to pretend that, whatever dishonest en¬ couragement to the design, the troubles, or the weakness or wickedness of Mexico afforded, the attempt itself could ever have been thought of by a body of population not now 200,000, and then far less, against an empire of fully eight millions, unless under a thorough persuasion, justified by every part of the event, that our people, breaking loose as individuals from every just obliga¬ tion as a nation, would pour down to the war, afford arms, supplies, every thing, and in reality, as it has proved, do most of the paying, and all the fighting. Such was the fact. In the first glare of that enthusiasm which among us awakes so easily to any cause (hat will take the style of "freedom" " Constitution," self government," our hardy, brave, confiding, and generous men of the West made a wide rush to the war, under the cry, believed by them, of liberty. Among this number, Mr. President, I had myself many friends, and relatives, whose devotion to freedom, noble nature, and daring spirit induced them in a cause supposed honorable, to hazard every thing; and but too many of them fertilized the battle-fields of Texas with their life blood. By such, Mexico was beaten, and borne back, Texas seemed won, and its independence, for the time, achieved. So plain and manifest bad been, in that contest, our dereliction of national duty as a neutral, that after' the seeming completion of its success, our Govern¬ ment, though invited by Texas, did not venture to profit by it, dreading too much the imputed infamy over the civilized world, of so foul a transaction. Such was the ground taken by the Senator from Pennsylvania, (Mr. Bu- •chanxan,) when he voied against recognizing even the independence of Texas in 1837. So the new Republic of the moment was left to confirm, if it could, by those things which, even much more than valour in the field make or mar a nation, all that arms appeared to have won. From almost that moment, the cause and the hopes of Texas have gone •backwards. Her councils have failed to shape out for her anything secure; nothing respectable abroad, nothing worthy at home, has attended her efforts to prepare for the contest never relinquished on the part of Mexico, and certain to be pushed again as soon as that power was disembarrassed of still closer conflicts with France, and afterwards with Yucatan. Gradually, a complete inefficiency of every thing belonging to a government, a destitution of all resources, a ruin of all the public character which might have supplied their place, a general loss of all confidence or sympathy, and finally the visible signs of a total incapacity to be a nation, of an established imbicility and anarchy, have gathered over her fortunes. This is in effect avowed by the very authors and defenders of the treaty. In the midst of her enemies general inactivity, she has contrived to exhaust all her means of defence; and, therefore, it is said needs our protection. She has no army ; her navy has been sold at auction. She is without revenue for even her ordinary expenditures, and her credit is utterly gone. In this state of collapse urged as one of the grounds for this treaty, with every symptom of political dissolution upon her, the rattles in her throat, and the last rigidity set¬ tling over her members, after she has been plied with divers stimulants of invi¬ tation, of threats and wheedling, fomented with certain warm flannels in the shape of perhaps more than one sort of treaty, the cordial of an army poured down her throat, and the smelling bottle of a fleet clapped to her nose, a Presi¬ dential nurse, and a diplomatic doctor come to us, and tell us, that she is at death's door—that she has not even had a finger ache—that, however, she is very 14 poorly—that, again, she is in singulaily fine health and spirits—but that she is very bad, and the undertaker may be sent for—that it is nothing but the me¬ grims, produced by certain confabulations with one Mr. Andrews, who has put her in great bodily fear, by offering to buy all her negroes, if some body will lend him the money, and of whom her apprehensions have become, very natu¬ rally, almost uncontrolable upon his being compelled, for fear of lynching, to run away! All this, certified by any quantity of anonymous letters, they still tell us, insisting that Texas is perfectly independent, but on the immediate verge of falling a prey to the first comer; that she is entirely at peace with every body, and especially with Mexico, but yet is in the most imminent peril of being over¬ whelmed, no body can say precisely how, or by whom ; that there has been no war between her and Mexico for full eight years, though, to be sure, we did last year mediate for an armistice between them, and though the President's last annual message, drawn up since this treaty was set on foot, declared that there mas war between them, and that war carried on with a shocking inhumanity. Such are the apologies and pretences for this precipitate treaty, made without authority, and without consulting the American people. Let me return, how¬ ever, from my history to my argument, and show a little further, that, for still other reasons, this thing before us is in no sort a treaty. A treaty supposes, if not faith towards the party with whom you are dealing, at least faith towards yourselves. Here there is none on either side. The treaty will in no sort effect what it expresses. It in no manner expresses what it will effect; and this was perfectly well understood between those who drew it; so that it is a fraud upon us, by Texas, to which this Administration are parties. A treaty is surely not such which conveys not its expressed object, but one directly opposite. Here we stipulate for a sovereignty, and a territory: we get only a war. We bargain for possession, and we have to fight for it, and that .under dishonor for the violation of treaties. If it be a purchase, it is of that which cannot be delivered, on one side, and cannot be taken on the other by treaty. If it is a conveyance, it is, as to the sovereignty of what cannot be alineated, and, as to the territory, partly of what is in disputed possession, and partly of what never was in possession of Texas, but adversely held and occu¬ pied by Mexico. For the professed objects, which we are thus not to get, we are to give in money, a consideration much larger than appears, and all our na¬ tional honer besides. To lighten it, pretended assets, long ago dissipated, are set forth; but, as 1 have said, nothing is delivered to us but a quarrel upon dis¬ honorable terms. We get no title but to a war. If this was what we wanted, why the formality of a treaty, and the expense of a purchase ? Surety we could have got a fight somewhere for nothing. Why then pay down in advance some fifteen or twenty millions for one? Why not settle the Oregon question in that way, where we have a right disputed, and an adversary worthy our prowess? Again, a treaty is something made by a treaty making power; but the acts, which, as treaties, it has no right to do, are, when done, no treaties at all. The President and Senate have no right to make war; they cannot, therefore, right¬ fully enter into a treaty, the direct effect of which is war, and gives to another nation a right of war against us, or assumes'a war pending. They surety cannot do that, which is an aggression upon another nation, as well as an usurpation rupon our own Constitution. It is manifest that, pending a war between Texas and Mexico, a so called treaty, by which the former alienated to us all her pos¬ sessions, and her sovereignty, (the entire subject of the war,) would of course be nothing but a direct asssumption of the war, a substitution of ourselves for Texa°. True, we may have stipulated for possession only ; but while that possession is a matter of war, and can only arise out of the fortunate issue of that war—war, though not stipulated, is the direct and principal effect, and possession only con- 15 tingent and subsidiary. Texas cannot deliver us possession, but only the war upon the event of which that possession depends; so that the misnamed treaty of annexation or incorporation is not such, but war under another name, faith¬ lessly and unconstitutionally made, [l is manifest that such would be the object on the part of Texas, and such alone the expectation on our part. If Texas be not already in the condition I have described; if she be not on. the very eve of political extinction ; if possessed of an independence in any sort real enough, (and high and clear it should be, that our honor may be free of all suspicion,) to justify this step on our part, why should she thus yield up her seperate, her individual being, as a people, and become not a State, but a depend¬ ant territory ? Nations never do this voluntarily. They recoil as instinctively from such forfeiture of their own identity, as the soul of each man in them shrinks from the thought of annihilation, preferring, almost, deliberately to en¬ counter any chances of eternal pain, rather than to perish, to be swallowed up and lost in nothingness. Nothing is stronger than this principle or feeling, im¬ planted by nature herself in the hearts of every people as soon as formed. In a nation, it is the very life, the vital fire that must have warmed it up into thought and motion, and made it a political existence. If Texas never had this, she never has been a nation free and independent. She has been but a poor automaton, dressed up. perhaps imposingly enough, in the semblance of one, and like that haughty Turk, whom most of us have seen playing an exceedingly good game of chess, apparently hard to beat, but really an empty image all the while, moved by unseen springs,guided by some operator not for off", who looks on with a most disinterested aspect, and has not the slightest apparent connexion with the game. If Texas was free, independent, the mistress of no.t only her own soil, but of Mexican regions in addition, which no man of hers had ever trod except in anklets of iron ; if she laughs at Spanish arms, and has no greater danger to fear, in any other quarter, than Mr. Andrews, and his shadowy bands; if especially, she be so strong that it was necessary for us to turn suppliants and intriguers for a connexion with her; if, I say, she be all this, why seek to lay down her national existence, like a heavy burden to be borne no longer? Why forfeit her untram¬ melled liberty, her proud self-reliance, her guardianship of her own interests, surely'now quite hostile to our own, according to the very gentlemen who here urge this union? With what, at worst, is she threatened? On the one side, 1 see nothing more awful than Mr. Andrews, and on the other nothing more for¬ midable than a free trade treaty with England. Are these the things that unman the Southern chivalry, and make the heroes of San Jacinto quake? Why, as to abolition, any alarm which Texas feels, must surely be at the prospective failure of profits, rather than the danger of the loss of any thing she now has; for it seems that there are, in all, but 25,000 slaves in Texas, or about one eighth of the entire population she claims. Now, where but one man in seven owns a slave, the popular dread of abolition, extending only to one seventh of the whites, cannot be very engrossing. Besides, I can see no evidences of any such terror, In spite of alt the contagious alarms, bred in our State Department, her people are calm, her statesmen self-possessed. Her very diplomatists have failed to take the hint, to comprehend the nods arid winks of our cabinet, to copy its simulated trepidation, to echo the dolorous language of its apprehensions. In short, they never advert to it at all; and even our complaisant minister, Mr. Murphy, though of a soul in which all sorts of tornados of the feelings are easily produced, has, on this matter, so far bridled " the whirlwind of hi? emotions," as not to attribute to Texas the slightest share in this dread. Yet it is there that these dire plans are hatching, and over her that these dangers impend ; dangers which she either does not see, or does not fear; visible and frightful only to those who are two thousand miles off! 16 The truth is, this whole business is a fraud, a plan, with which John Tyler intends, if he can, to bamboozle (he American people in the approaching Presi¬ dential election. Sir, names lower than befit things often presented in this body, contemptuous terms rarely ever applicable to matters of such grave consequence, can alone convey in their truth these miserable pretences. They are hardly de- scribable but as trumpery and humbug. The dialect, not of affairs of Slate, but of the gaming table or race course,can alone body them forth in their turpitude, their nefariousness. The conspirators who conceived them could not well have talked of them, hut as the adepts in Hoyle and the stud-book speak of the plans by which pocket hooks are to he emptied, or purses taken. The metaphors and the vocabulary of such people could alone illustrate or elucidate the purposes to be accomplished, or the means to be employed. Without even the assistance of what we hear, we know how the chief player of this despicable game must have told his confederates of his expectations. Their common organ,the sporting calender here of this fraternity, has talked of the thing all the while much in that jockey phrase which was appropriate to it. From it we could collect the cutting, the shuffling, the stocking of the pack that was going on. Through it, we have learnt [low the President held back this card of annexation as an ace of trumps, that was, in the nick of the play, to give him the game, and sweep the hoard. At times, however, (as the figures of speech of the Government paper are often not a little mixed, and glide into (he lofiier style of the camp and the field of glory,) this trump card became a bomb that was suddenly to fall from the skies among the forces of one adversary, or a mine that was to blow the assailing legions of another into the sky. Now, it was to come down upon Mr. Van. Buren's bead, and now, to burst beneath Mr. Clay's feet, knocking one into the earth, and the other into (he air. Presently, again, relapsing into more pacific phrase, the bomb or the mine became a high-mettled steed, bestriding which the Presi- dent was to distance in the race of popularity all such mere tackeysas were rode by others. There stood, hooted and spurred, in blue jacket, red cap, and yellow- breeches, the Executive, John Jones holding his bottle, attendant Secretaries his whip and stirrup, (he Postmaster General his bridle ; while the trainer-in-chief (he of the Slate Department,) stood prepared to lift him into the saddle. Mean- lime, as the Baltimore Convention drew nigh, abandoning their own used up cavalry, about him came the veteran Indian slayer of the West, his military rival of the Lakes, and others of high pretensions. All looked with longing eves at his saddle. All would have gladly leapt into it, but for John Jones and the stable boys, who loudly announced that juslice demanded that the owner alone of this purse-laker should straddle him; when lo ! the convention appears with a candidate of their own. They thrust by trainer and all, scat Polk in the saddle, slap the horse on the rump to start him, and bid him go ! And while lie hob¬ bles off, the dismounted Executive stands aghast. The Secretaries are thunder struck; while Johntrnd the stable hoys protest, in vain, rliat it is the President's horse, that there is cheating going on, I hat this is too bad. But to return to the other great cause of fright, which has so alarmed the Sena¬ tor from Pennsylvania, (Mr. Buchanan,) as to make him overleap his opinions as expressed in 1837, a treaty with England (hat shall give her all the trade of Texas. It is difficult to conceive why (he possibility of this should produce any panic. As in the other case, I see no manifestations of the presence of such a peril to the minds of those whom it ought chiefly to affect. Still less can I imagine why those should impute it to them, or should endeavor to fling them into a tremor about it, who themselves meditate or desire just about the same arrangements with Britain, as the aim of all rational policy, the requisition of all constitutional right. Texas has no manufactures, no mechanic arts, no moneyed capital to set them 17 on foot, no skill formed to them, no body of working population dependant on them for employment. She is, even far beyond any of our Southern States, a producer of raw material alone. If, then, to a people like us, of most mixed occupations, of climates and soils compelling them, where the intimate division of labor is already in existence, where the power of supplying ourselves with almost everything has grown up, vieing, in sjioi t, with Europe in no small part of the useful arts, and possessing a vast and rapidly swelling internal trade, in com¬ parison with which our foreign shrinks into insignificance : if, I say, to a people so situated, free trade with Britain be so great a good, what is there in it which should so horribly frighten Texas? If, nevertheless, it is her pleasure, mid that of her free trade friends, to be so excessively discomposed, I think only a few plain considerations are needed to set them at their ease. England, it well ap¬ pears, is not willing to conliact towards Texas any responsibilities, either politi¬ cal or pecuniary. Of that the documents presented to us to prove these designs afford proof enough ; and though these papers are far from being such as are fit to be relied on for the affirmative question, where they sustain the negative, surely they must be accepted. Now, is it in the smallest degree likely that this great, far-seeing power, the most eminently practical, the least visionary that the world ever saw, can expect to reduce an American and an Anglo-Saxon republic to vassalage, by means of a commercial treaty? How long, if it imposed any terms oppressive of Texas for the benefit of England, could it be expected to last? She does not trust the uncertain faith of Texas now, when she is weak, will it be better when she has started up into the vigor of wealth, success, and populousuess, all certain to come about by the means lent, by the security and confidence bestowed? Her colonies on our continent, already infected with radicalism, and endangered by the democracy propagated from our shores, threaten every day to fall off from her, are a burden rather than a benefit, and cost her much more than they come to. National pride alone induces her to retain them. Is she likely, then, to burn her fingers with new dependancies, planted by us, and reeking with more than Republicanism, more than Democracy, with repudiation ? Can she trust men filled with so many antipathies to her in¬ stitutions, or is it possible that any thing short of the last public distress can have induced Texas to cherish, in any seriousness, the idea of coining under England's monarchical,rule? Sad as, in England, is the opinion, unjustly, but somewhat naturally, entertained of even the best of us, in what light, I pray you, must she look upon people considered by her the winnowings, which the fan of the law has blown from our land ? But consider the broad eye of English policy is supposed to see every thing. Is it probable, then, if she values her West India possessions, that she will ven¬ ture to place in such domestic connexion with them, a source from which will at once gush into them every idea most pernicious, most fatal to her power there ? I can imagine no step more certain speedily to snatch from her all that the Gulf washes, or the waters of the Caribbean sea, instead of giving her'any more foot¬ hold on the mainland. These being the views she must take, as to the question, of her power merely, what will be those in which she must see the thing, as a question of her trade f The advantages to be got, and those to be lost are here, it seems to me, easily measured—it is enough to say, that Texas presents to English industry, the mart of not above 200,000 inhabitants, in order to dissipate all this part of the Texas theory forever. Will England quarrel with the com¬ merce of this country for that market, or such a market? f If she makes a treaty with it, bestowing peculiar privileges, what becomes of all her conventions with us, stipulating admission to our productions on the same terms granted to any other? Has she not like arrangements with every body else ? How, then, will this IB idea of her extending to the little people of Texas peculiar privileges, hold water for one moment ? 1 have thus surveyed, Mr. President, the main questions of our competency to acquire Texas,in the manner proposed—of her thus to dispose of herself—and of die form as to either in which the thing is to be done ; together with the most immediate points arising incidentally to these. I have shown that our former ) right to Texas is an error, and how that error arose ; that a long series of national acts, originally correct, and irreversible as long as we attempt to preserve the slightest character as a people, utterly forbids us to recur to that matter, except as an historical one; that Texas can make us no title to herself, not being mistress of any thing but a war, and a debt; and that these, and not Texas, are all we shall take under this treaty, except as much confusion and uproar at home as dishonor abroad. Let me now come directly to what the treaty itself sets forth, and what the accompanying pieces that form what we are allowed to know of its history, substantiate or betray. By its title, it. is a treaty for the annexation, not the union, of the Republic of Texas to that of the United States. Now, what was to hinder it from being an annexation of the United States to Texas? Constitutionally, the one is as pos¬ sible as the other, inasmuch as the people have not been consulted about either. If her sovereignty, (which is alledged by the fact of our entering into the act with her) can be thus extinguished, so, of course can be ours; for a State can but be sovereign. In the eye of right, its size can make no difference; and as ■-we, not Texas, were the solicitors for the amalgamation, 1 hold that it is rather we that should have been annexed than Texas. I need hardly repeat that as, in a Republican government, the sovereignty is in the body of those who are citizens, not their mere representatives exercising for them only a momentary and a dele¬ gated power; nothing but the collective will of that people, deliberately given, and distinctly ascertained, could extinguish or alienate that sovereignty. To the reason given some time back, I may add another: that it must be confessed that a people is always such when it chooses to be—has always the right of being governed as it likes. It is clear, therefore, that it cannot have conveyed away, what at its pleasure it has again. But here impossibility lies upon impossibility : Texas could not give, we could not take her sovereignty by means of a treaty; and if her people, eight years ago, willed to unite her to us, that would not au¬ thorize the present act, for two overwhelming reasons: first, because a past act, an act of last year only, an act of another occasion, is not valid for any such purpose; and, secondly, because that act authorized a totally different thing, namely, her union with us, as a State, not her annexation as a mere territory. Surely the high Slate rights doctrinaries who aim at this thing, intent in a most extraordinary manner on their present object only, utterly overlook consequences not only fatal to their own favorite opinions, but really most formidable to the future safety of all government upon our present plans, with our intended limita¬ tions. For surely a foreign State can claim nothing at the hands of this Govern¬ ment or Confederation, to which, as a benefit, our own would not be much better, or at least equally, entitled. Suppose, then, one of our own States should, for some reason or other, desire to give up her sovereignty, like Texas, for a price ? Suppose Pennsylvania, with the honorable purpose of paying her debts, should do it, we assuming them ? Or suppose, again, what I fear is much less probable, that the State of Mississippi were to make the same proffer? Could this Govern¬ ment buy them all out? Why not? What should hinder it from lending them all money, as an usurer does to young spendthrifts, taking mortgage after mort¬ gage, until finally, eating them up with interest, it forecloses upon them, and buys them in ? If it can open a shaving shop for foreign sovereignties, surely it can oblige a brother. If it can speculate in the foreign article, surely it can deal in the domestic. The preamble proceeds to set forth that the treaty has been concluded in con¬ formity with the almost unanimous vote of Texas at the adoption of her Consti¬ tution, (1836,) and her present equally unanimous wish. Now, I have already shown that, at best, the first fact was of no import; that, further, it was untrue ; and it is notorious that the second assertion is a mere assumption ; about as valid, for a high and authentic purpose like this, as it would be for an election of our Chief Magistrate under the forms of the Constitution, to say that John Tyler is elected, because John Jones, and two princely youths asseverate, all the while, that he is the people's undivided choice. But again, all this, as a statement of the motives of the treaty is false, because even to Texas the motives of to day, are not those of 1836, when her purpose was entirely different; while the pre¬ tences now set up on our part, had then never been imagined even. As if the mere reiteration of what is false could make it true, the 1st article of the treaty goes on to reaffirn all these things, as thus; " The Republic of Texas, acting in conformity with the wishes of the people, and of every department of its government, cedes to the United States all its sovereignties, to be held by them in full and proper sovereignty." As here, however, with a growing confidence in itself, assertion takes a fuller swing, let us see precisely what this comes to. The " Republic of Texas," as thus conveyed to us, includes all between our borders and the Rio Grande. These limits embrace Mexican provinces, of which the Senator from Missouri has given a skilfull and accurate account, with his well known and accustomed ability. According to the memoir embraced in the offi¬ cial documents of the treaty, they contain a population of probably some 300,000 souls, in addition to that of Texas proper. The latter is estimated at from 100,- 000 to 200,000; but at the former number by their own envoy, General Hunt, in 1837. Now, putting aside, as lost in this bolder stretch of false asseveration, the plain fact, that Texas herself has not assented to such a treaty, what have we here ? Has Tamaulipas, or Coahuila,or Chiahuahua, or the Eutaw Band, been consulted ? As for New Mexico, her accession to the surrender must be pre¬ sumed to have been signified to that admirable combination of war, traffic, and diplomacy, the Santa Fee expedition ; for that is well known to be the latest consultation held with that part of the Republic. I should not have suspected, from Mr. Kendall's account, that.such was precisely the result of the colloquies with that gentle republican, Governor Armijo. Here, then, it strikes me, must be said to be from three fifths to three fourths of the " Republic," as we get it, who cannot even be pretended to have been even consulted as to this cession ; for these are provinces that have never taken any voice in the affairs of Texas, for the very simple reason, that neither voluntarily nor by compulsion did they ever submit to her sway, or join in her institutions. Then follows a long inventory of many airy public chatties, which we shall no doubt take, when we find them. They sound very like the enumeration of weapons in an indictment for assault and battery, where, from the abundant caution of the law, almost every thing—as sticks, stones, staves, and other imple¬ ments of harm, is declared to have been employed, and in fact every thing with which it is possible to beat a man. " All public lots and squares, vacant lands, mines, minerals, salt lakes and springs, public edifices, fortifications, barracks, ports and harbors, navy and navy yards, docks, magazines, arms, armaments, and * accoutrements, archives and public documents, public funds, debts, taxes and dues unpaid at the time of the exchange of the ratifications of this treaty." All this looks a great deal more like what a nation should and might have, than any¬ thing that Texas posseses. There are said to be marriage contracts, in which the bride, though as poor as the beggar's-maid that King Caphilua loved and dressed 20 •off in borrowed clothes, has castles, hunting-lodges, villas and hotels, with a long rent-roll, all in imaginary lands and visionary cities only. It is fit that the bride and the nation should be supposed to have these things, whether she have them or not; they are for her beauty, or her dignity. I fear that, in this pompous schedule, the only part we shall ever realize is the last, a very solid body of that sort of public wealth which is usually called indebtedness, and a very plentiful lack of any thing to pay it with. Of " lots and squares" there may be lots, but in towns little more than ideal. The mines and minerals have not yet been worked, through the omission or casualty of not being yet discovered; or if any exist, they are surely those of New Mexico, from which the ingots fly, by some strange attraction, into a very different treasury. There may be in Texas, a "salt river;" but I have never heard of her salt lakes. As to her "public edi¬ fices, fortifications, barracks, potts and harbors, navy and navy yards, docks, magazines, arms, armaments and accoutrements," that figure here in architec¬ tural splendor, or make up the " pride, pomp, and circumstance of glorious war," these are surely put in for the flourish. Now, God forbid, that I should laugh at honorable poverty, national or individual. That of Texas is not so. Let lie. repudiated bonds, let the unfortunate difficulty into which she has plunged a brave and honorable South Carolinian, to whom she owes still more in gratitude than in money, tell that tale. Is it, at any event, when she is driving a bargain, that this long display of titular possessions can be fairly made? Would not the plain words, all'her " public property and domain" have been equally determinate and far more modest? And why this long enumeration, unless to catch the popular fancy ? _____ The next article provides for erecting Texas into a State as soon as may ' be consistent with the principles of the Federal Constitution. In this article lie? one of the grand frauds of the whole transaction, as every body knows. It is a shallow and a shameless evasion of the difficulties known to attend the bringing her in by treaty as a State, a sovereignty. To avoid these, the name, not the thing, is changed, and one-half the matter only is openly done at present; but with a care so to stipulate it in this article, that the faith of treaties may be invoked in favor of the very fraud of a treaty, " as soon as may be consistent with the Constitution !" Need I say, sir, that the benefit of this provision may be claimed the instant you ratify this treaty ? The population of Texas would already en¬ title her to one representative in the other House, and that is the first and main condition to the right of being admitted. Nor was this political evasion the only one meant. Another, fully as important in the view of a great part of this body, of Congress, and of the nation, was to be accomplished—the adtmission, not only of a foreign State into this Union, but that of a foreign slave Slate. To the latter, it was felt that insuperable objections of feeling lay, in addition to those of constitutionality. But, as now done, the constitutional bar is to be got over by her consenting for a moment to be called a. territory; while the slave question* is silently passed over by the same means. Here, sir, are some 25,000 slave- impoited by a treaty, a vast apd wholesale operation, such as even Cuba and Brazil never witnessed, and as utterly against our subsisting laws, utterly beyond any warrant to the treaty-making power. So I must beg leave to add another clause to my. enumeration of points, which prove this treaty an original nullity, and no treaty at all. Both these, sir, are abominable and dahgerous frauds upon the Constitution, upon the people, and against the future peace of the Union, already abundantly put in jeopardy by questions of this sort. As a Southern man, the citizen of a State, whose present safety demands that all the public and national guaran¬ ties be stiictly preserved, and maintained to our subsisting interests of this soit: as the public agent of such a community, I will do all that I can to see that no 21 injurious hand shall be laid upon rights within this nation, to which every part of it is faithfully pledged. But, sir, I should not seek—the wisely moderate State to which I belong will not seek—any thing beyond our present good secu¬ rities, far more likely to suffer, than to gain, from any rash disturbance of them, under the hazardous idea of extending them. Pray let us hold on to what we justly have, and not drop it to catch at a shadow. If we can break through the Constitution to extend slavery, how are we to expect that like breaches will not be made to subvert it? This scheme is one directly and violently to raise up a new agitation, that will not fail, and (I say it with a solemn repugnance) is but too probably meant, to exasperate the head-strong and the extreme, in opposite quarters of the confederacy, to rush into speedy disunion. I would not, in a word, Mr. President, seek to extend slavery, even by fair means. I know of none, but the assent of the common body of parties to our contract with each other. Of these parties, nothing like this can be asked with any probabili¬ ty of success, nor ever without an adverse probability of awakening resentments, distractions, far beyond any good to be accomplished. If, from prudence and for peace, I would not now attempt such a thing even fairly, it may be judged with what alarm as well as horror I recoil from the thought of a fraud like this, aggravating every mischief an hundred fold, and complicating impolicy with dishonor. The next article secures all land claims valid under the laws of Texas. Of /bourse, if, in the event it should prove to be true, (as it no doubt is to" a large extent) that Texas has, for consideration received, granted her whole public , domain twice over, we shall be bound in equity to the claimants, (now our citi- izens.) and to her acts, (now our own,) to make good any deficiency ; and thus miay have to piece out her exhausted soil with a broad parcel of our own, per¬ haps as large as the real Texas herself. The next provides, substantially, that we shall give back to Texas what s/ie, apparently, has never given to herself—every sixteenth section of the public lands for purposes of education; that is, one-sixteenth of her entire soil is to re- ■ vert to her, or an equivalent somewhere else. ' The rrext article assumes all the debts and liabilities of Texas, however cre¬ ated. I have already shown that, with or without any assumption, we became liable for all her engagements, when we took her sovereignty, and that the faith she has violated binds us just as much as that she meant to keep. Not only her acknowledged, but her repudiated debts, then, are to be paid, and the very stock which she has created and sold at, perhaps, but a fifth, or a tenth of the value expressed on its face, is to be redeemed at par, with an interest of eight or ten per cent. If this provision of the treaty is ratified here, I think I may then pro¬ pose an appropriation to erect, in congenial brass, a great and eternal monument to the anti-assumptionist States and party, that hold it constitutional to assume the debts of a foreign State, but not of our own. High 011 its glittering sides shall shine many a lofty name of Southern strict constructionists. The Secretary of State shall top the eminence, as the acknowledged chief of all interpreters. At his feet shall blaze the titles of (he Senator from South Carolina, and of the fer¬ vid anti-assumptionist of Mississippi, whose State herself will merit a peculiar distinction of being much readier to pay the debts of Texas than her own. A little lower, but somewhat emulous of her honors, must be emblazoned the names of Illinois and Pennsylvania, and their Senators. Alabama and Arkan¬ sas, if not quite so high, will still be eminent. The New Hampshire Senator, now the sole surviving "Northern man with Southern principles," shall take to himself that side of this political mausoleum which looks northward. Those votaries of strict construction, those apostles of anti-assumption, John Jones, Thomas Ritchie, and he of the Charleston Mercury, shall daily, at noon and eve, 22 lead a devout band of innocent youths of party, and virgins of the press, to strew flowers about it and to hang around the garlands of their praise. I should like, had I time, to inquire into the peculiar causes (unexplained in even that lucid body of papers, called the documents,) which have led to the selection of a single gentleman to be introduced by name into the benefits of the treaty, to the pretty little tune of $250,000. What peculiar merits of Mr. Frederick Dawson, of Baltimore, have placed him so far above all other creditors of Texas, I cannot stay to a^k, though I should be glad the Senate knew. The 6(h article, besides settling the forms, tfcc., under which liabilities are to be ascertained, provides also, with great discretion, how they shall be repudiated. By one general and positive provision, all the contracts of Texas, as to the rate of interest on her debt, are set aside, and their evidences, after being ascertained, replaced by United States bonds at 3 per cent, per annum. But their present stipulated rate, as declared by the statement of Messrs. Van Zandt and Hender¬ son, is 10. A nice little repudiation this, of only 66| per cent, on the interest. Then, on the principal—if the entire amount now in existence is found to ex¬ ceed 10,000,000, the claims are all to be rateably reduced within that amount. Thus, our Government is, beyond all doubt, making itself directly a party to an imperative repudiation of interest, and a contingent spunging of principal. All this, as I have said, is for debts that become our own, if we merge the na ional existence of Texas in ours. Before that act, how can we set aside her contract^- with'olher parties? We had surely no power over them. It is only by assum¬ ing them that we could take any sort of right over them. The repudiation, then, is ours, not hers; and the more plainly, because she abandons to us all interest in the fund, (the land sales,) out of which they are to be paid : so that it is for our profit alone that the repudiation is to be made. By the next article, the existing Legislative authorities of Texas, her Execu¬ tive and Administration are abolished and overthrown, her army ceases to exist, and her fleet that was sold under the hammer ceases ; nothing is left of them; all is stricken out of being but her judicial officers and the subordinate Execu¬ tive ones. It is, I presume, not pretended that the Government of Texas is to be made to cease at the bidding of the Executive and Senate of this country. I have shown that there was no act of her people that can seriously be pretend¬ ed to have set her high functionaries aside ; it can then, only, be their own power and discretion that has thus terminated their functions in their own persons, and transferred those functions to the disposal of the United States, and annulled the Constitution of Texas, that they were sworn to support. If all this is legiti¬ mate, valid, on one side, so is it on the other, and we may, therefore, thank our stars if it proves to be Texas, not ourselves, which was thus extinguished. Nei¬ ther Government possesses any such Revolutionary powers—neither can subvert^ annihilate, transfer itself, by functionaries of constitutional government created for different purposes. Attached directly to the treaty, the main features of which I have thus sur¬ veyed, comes a document from the Texan plenipotentiaries, meant to show thd power their people had given thus to annex Texas. It only shows the very reverse,' inasmuch as it exhibits an authority for a different thing, upon a former occasion* as I have already said. That authority, to the whole.extent given, ceased with the failure and the abandonment of the effort made under it to procure from Mr. » Van Buren's Administration a union between this country and Texas in 1837. ? In lieu of such a popular authority, however, it offers the personal assurances of > the plenipotentiaries that they have "the most abiding confidence that, should ' the annexation be consummated, the same will receive the hearty and full con- r currence of the people of Texas." This, then, is all we have for the thing. 23 The plenipotentiaries next furnish statements of the extent of the grants made of their public domain, and of the condition of their Treasury. Of the former of these, it is sufficient to say that it is only vaguely described as a " late report of the Commissioner of their Land Office," and was really made in 1841. It cannot, then, be in the slightest degree depended on. But, besides, a glance at the most recent maps, the last of Mitchell's, will show that vast grants cover the whole surface of Texas. Those are laid down upon it, like the names of coun¬ ties on our State maps, and equally serve to designate territorially the whole soil. Besides these, there are great bodies of floating grants and loans, redeemable at the option of the holder, in lands to be chosen by him. Such is, in general, 1 apprehend, the real condition of their public lands. The Treasury statement is equally delusive. That which is furnished is only to the year 1840; for its date is of. the 12th January, 1841. This evidently relates only to their acknowledged debts. The repudiated are left out of view, and also the issues, said by well-informed people to have been made, and put into market for just what they would bring, with scarcely a record kept in their Trea¬ sury of such emissions. From the character of many of their functionaries, few doubt that the loosest possible administration of their pecuniary affairs has gene¬ rally prevailed. Certainly, the plenipotentiaries say that " it is known" that since " the above date, the revenues of the Government have nearly equalled expenditures; "so that the debt has not materially increased ; but it is notorious that until the present annexation speculation began, Texas scrip was from 3 to 7 cents in the dollar, and that their navy was latterly sold under execution—facts a little decisive, I take it, but even less significant than the following very frank or very unguarded avowal, let out in this very document, intended to exhibit to advantage the state of their finances. Speaking of the Treasury report, above cited, (for 1840,) the plenipotentiaries say, " since the date above referred to, no further general estimate (of their debts) has been made at the Treasury De¬ partment.'''' These are their own words; and I ask any man to figure to him¬ self, if he can, the state of a Treasury in which, for more than three years, not an estimate even has been attempted of its liabilities! Let me now, from these main papers, turn at once (for I must hasten forward) to the message itself which conveyed them to us, sift the rights which it alleges, the State reasons which it sets forth, and compare it with the further series of official or other papers, which make up the history of this negotiation. The President, of course, sets up the independence of Texas as so established as to warrant our acting as if the struggle between her and Mexico was at an end. He relies for his justification, partly on the length of the contest, partly on the failure of Mexico since 1836 to attempt the re-conquest with any serious mass of force; yet, further, on the recognition, by various great Powers, of Texas as an independent Government; then again, on the inhuman character which the conflict has assumed; and lastly, on the political necessity imposed upon us, by a design in which he considers England busy, to subvert our slave institution, by means of bringing about emancipation in Texas. I need scarcely say that if the last is a sincere motive, or real justification, it is of a nature so preponderating as to reduce the others to insignificance, or cast upon them strong suspicion of being employed merely to palliate the wrong upon which that ne¬ cessity forces ps. Nevertheless, I will consider these several points according to their order, not their importance. As to the question of the Independence of Texas, a few plain principles of common sense can settle that, without any reference to treaties or national law. When the revolt of a country, heretofore dependent, takes a more settled form, by its establishing a provisional government of its own, other nations do not abandon their neutrality towards the Government from which the insurgents \ 24 have broken off, by merely recognizing these last as forming a distinct people, when they seem fairly to have rendered themselves so. Nevertheless, a neutral must, of course, confine herself to peaceful acts, strictly, as long as the contest really is such. To supply either party, by public means, with troops, or ships, or arms, or subsidies, is an abandonment of neutrality ; and so is it equally, to obtain of either that which is in dispute between them. Precisely in conformi¬ ty with these principles was tire conduct of the Van Buren administration in 1837, when Texas, (after our recognition of her independence, so far as we were concerned, so far as we could do it inoffensively towards Mexico,) solicited a union with us. The Secretary of State then said, 011 the part of our Govern¬ ment : "In determining with respect to the independence of other countries, the United States have never taken the question of right between the contending parties into consideration.— They have deemed it a dictate of duly an.l policy to decide upon the question as one of fact merely. This was the course pursued with respect to Mexico herself. It was adhered to when analagous events rendered it proper to investigate the question of Texan independence.'" And a little further 011, he says: " So long as Texas shall remain at war, while the United States are at peace with her adversary, the proposition of the Texan Minister Plenipotentiary necessarily involves the question of war with that adversary." Of like effect, and of authority in some respects still higher, are the following sentences from the message, about the same time, of a distinguished Governor of South Carolina, General McDuffie, a near kinsman of the honorable Senator, though of very different politics. Speaking of the intention of Texas to apply for admission into this Confederacy, he says: " In my opinion, Congress ought not even to entertain such a proposition, in the present state of the controversy. If we admit Texas into our Union while Mexico is still waging war against that province, with a view to re-establish her supremacy over it, we shall, by the very act itself, make ourselves a party to the war. Nor can we take this step without incurring this heavy responsibility, until Mexico herself shall recognize the independence of her revolted province." Again, a little later, what said the Envoy of Texas herself, when moving this question a second time, in 1842? The words, considering the importance of the subject, and that this was its opening, can pass for nothing short of those of Texas herself. Mr. Van Zandt writes, on the 14th December, 1S42, to our Secretary of State, to urge an interposition to stop the war by receiving Texas- into the Union, and says, distinctly : " If Mexico believes herself able to resubjugate Texas, her right to make the effort will not be denied," &c.—(Senate Doc. 311, p. 17.) This plain principle Mr. Webster copies almost literally into the interposition which he accordingly, 011 the 3lst January following, addresses to Mexico : " Mexico has an undoubted right to subjugate Texas, if she can, so far as other States are- concerned, by the common and lawful means of war."—(Same Doc. p. 70.). In conformity with these same plain facts and principles, Mr. Thompson, out- Envoy, thus repledges to Mexico, 011 the 14th March following, our observance of the duties of a neutial: " In obedience to your instructions, I then alluded, in the most friendly atfd respectful terms, to the character of the war now going on between Mexico and Tex is, and told him, (Santa Anna,) that, whilst our G jvrnment was determined to observe the s/rie'est neutrality, in that tear, it'fe't that it was its duty to remonstrate, in the most respectful manner, with both Governments, against predatory forays, really not war, which were now made by both Mexico and Texas," &c. Finally, the present Secretary of State, in his letter of April 18th, (same do- 25 cunient, p. 50,) to the British Minister, directly admits every thing in the follow¬ ing avowal, (p. 51 :) " It is true the United States, at an early period, recognized the independence of Texas; hut, in doing so, it is well known that they but acted in conformity with an established prin¬ ciple to recognize the Government de facto." The recognition, then,, as Mr. Forsyth said, did not enter into any question of right, and, as thus limited, bound us necessarily to the observance of every neutral duty, until that question had been settled between the parties to it; while, on the other hand, it implied, of course, nothing unfriendly to Mexico. The distinguished Senator from Pennsylvania, who has lately taken a promi¬ nent part in this matter, was therefore wrong, when he resisted in this body even the mere recognition of the independence of Texas, as likely to engage us in war with Mexico, and to involve us in national suspicion ; for neither of these facts would have followed a mere recognition, as long as we went no further. Mr. Buchanan then said, by way of objection to the bare recognition : *' We can never, with any proper regard for the welfare of our constituents, devote their energies and their resources to the cause of planting and sustaining free institutions among the people of other nations." Again, he said, on the same subject : " But let us not, by departing from our settled policy, give rise to the suspicion that we have got up a war for the purpose of wresting Texas from those to whom, under the faith of treaties, it justly belongs. Since the treaty of 1819 with Spam, there can no longer be any doubt but that this province is a part of Mexico.'" The citations which I have made from our own high official acts, from a series of declarations addressed either directly to Mexico herself, or, when to her oppo¬ nent, none the less pledges to Mexico than repulses to Texas, show beyond dis¬ pute, that when, in last November, her Envoy put in a protest against all that the Executive was then preparing, and all that he has since accomplished in this treaty, Mexico but repeated to us our own language, but recalled to us out- own pledges to her and the world. We had proclaimed, again and again, in solemn and decisive forms, that we could not incorporate Texas, (the war yet pending between her and Mexico,) without an utter breach of national faith— without making ourselves directly a party to that war. When, therefore, an administration was found abandoned enough to occupy itself with violating all these duties, so often recognized—all these pledges, so often given—what could Mexico, for purposes of justice, do more rightful, or what, for purposes of peace, more necessary, than to give us the notice of the consequences authorized by all international law, and as clearly authorized by so many voluntary pledges of our own ? She protested then; and how was that protest received ? As nothing short of an insult and a threat! With a singular mixture of audacity and fraud, the Executive, through the head of the State Department, turnei this perfectly legitimate and even necessary notice into a pretended offence, and made the simulated wound of its dignity and honor a pretext for the refusal of all peaceful and proper assurances. Busily engaged all the while (as we now know) in finding the means of carrying into effect, by surprise, against our own people as well as Mexico, this perfidious plan, all the indignation of outraged integrity, all the sensibility of stainless truth, were assumed, to cover the trickery until its moment of calculated success, and double its turpitude with this inso¬ lent affectation of affronted virtue ! Nor were our pledges confined to mere words, however solemn—to declara¬ tions however sacredly binding: we carried into an act of the highest nature as a tie a bond of faith still more peculiar. We put in our mediation, as a friendly, an impartial, and a humane power, to stay the strife on foot, to bring it to a safe and honorable conclusion for both parties : and it is while the mat¬ ter has thus stood suspended in part by our intercession—while Mexico, trusting to our honor, which should always be a safe reliance, exchanges arms for ne¬ gotiation—that our President secretly sets on foot a traffic with her opponent, and presently, when the bargain is made, alleges for our justification that very truce which had been granted, in part, at our intervention ! Sir, a more infa¬ mous fraud, under the mask of amity, was never committed. Could we sanc¬ tion it here, tire name of "Punic Faith" so long the by-word of the earth, or Ligurian or Numidian duplicity, so much the transmitted abhorrence of man¬ kind, wherever not mere oath breakers, will grow honorable and fair beside our own ; for this, I insist, is a crime without even a single bad example of other nations, of its kind, to countenance it, to keep company with it in ignominious fellowship. Not even in Texan breasts does the dishonest thought of such villainous collusion seem to have entered, but by suggestion from our State Department. It is thence that the lesson of iniquity is darkly breathed through Mr. Murphy into President Houston's ear, in the execrable exhortation which may be found in the despatch of January 16th, (Doc. 341, p. 47.) It is in the following strain that those speaking in the name of this country, after drawing the parties into an armistice, endeavor to work one of them up to making the very negotiation we have meditated, an utter fraud for our benefit: "The pending negotiation with Mexico ought not to present any difficulty, unless Texas is prepared to go back again under the dominion of that power. As it is certain she will not consent to this, under any possible circumstances, the result of that negotiation cannot affect unfavorably the proposition of annexation to this country. If Mexico should acknow¬ ledge the independence of Texas, then Texas will have an undisputed right to dispose of herself as she pleases; and if Mexico should refuse that acknowledgment, Texas will the more need the protection which the Umted States now offers. She can require nothing more, in this last event, than that the United .States shall lake upon themselves the adjustment of her difficulties with Mexico.'" In every mediation, the powers interposing their good offices can surely be held to nothing less than a pledge to each of the parties, that the mediator be¬ lieves both sincere in their intentions, and that the mediation shall not be turned into a fraud upon either. Not a little, indeed, is the mediator bound, should fraud ensue, to aid in punishing the party so abusing the good office done. If, as in this case, there be several mediators, then all of these are bound to a mutual enforcement of good faith, and to sustain against any serious wrong the party made to suffer by perfidy in the negotiation. Such is the position, as full of danger as disgrace, in which the Executive has ventured to place us. We, one of the mediators, are iound contriving the ruin of one of the parties, and for this purpose persuading the other not to regard the negotiation on foot; telling him that it cannot possibly come to anything—that he can't be worsted, there¬ fore, and may be bettered, by conducting it without any sincerity ! Nor, in the shameful management of this business, has the dignity, the self- respect of our country been less prostituted than its morality. Mark the despi¬ cable wheedling with which the Executive approaches the Government of Texas !—the cringes, the congees, the coaxings, with which we are made to seek to propitiate its favors! Hear how our Government is made to whine and supplicate: "The failure of the proposition heretofore made by Texas for admission into our Union, should not be allowed to influence her present course. At that time, the question was not understood in this country. - It had not been canvassed, even by leading politicians, much less by the people at large, and the consequences dependent upon it were not then develop¬ ed as they now are. If the proposition could have been placed at that time in the light in which it is now seen, there would have been no hesitation upon the subject. Indeed, it was then regarded rather as a question of time than anything else; for I am well assured that a majority of the people of this country have alwys considered the annexation of Texas to 27 their territory as an event that must happen, sooner or later. At all events, no other ques¬ tion can grow out of the failure of the first proposition than one of mere etiquette or national self-respect. I have anticipated and provided for this. Supposing that Texas might fee* some reluctance to renew a proposition which had been once rejected, I have invited her, through her Charge at Washington, to enter into negotiations upon the subject." Every body understands that this Treaty has been shaped for individual aims alone ; that its moving cause was a desperate Presidential speculation; that its main agents were the. gamblers and brokers of the bankrupt finances and fraudulent land grants of Texas.— Through legitimate and sober negotiation, necessarily deliberate and quiet in its movements, nothing could be done rash enough, extravagant enough, nor noisy enough, to be brought to bear, in popular agitation, upon the Baltimore Democratic Convention, and, through its de¬ cision, upon the next Presidential election. In this one great aim, all public purposes were forgotten. For this, we were to take, not the justest, nor the most feasible method, but the suddenest. That might certainly, in the end, plunge us in endless difficulties, disaster, dis¬ honor—every thing most to be deplored; but all these, though speedy effects, would be tardy enough only to injure the Union after they had served the momentary purpose of the President yet again to be. Their latal consequences were at least not swift enough to arrive before the struggle in the Democratic Convention. Such being the great ruling aim, of course the subordinate questions were to take that form which would best suit those who were likeliest to lend to the plan the animated, the vigorous, the vehement support of strong individual interest, not the mere affected fervor of patriotism. Next to the mighty electioneering interest came, therefore, in the treaty, what¬ ever could enlist the zeal, by enlisting the cupidity of that great and wide spread body of adventurous speculators, who were dipped deep in Texas lands or Texas bonds. I pass, however, to other things. Having shown that rightfully, this Government could not, pending a war, step in to decide between two States, the subject of the dispute, (which is here the right to Texas,) and that we had so declared in every form, up to the time When this intrigue and fraud was set on foot. I will next show that, in many parts of this cor¬ respondence, there are the most direct and decisive contradictions to the President's mere assumption and allegation, that Texas is able to withstand Mexico, that Texas has obtained a positive and permanent independence. That fact or assumption, is abundantly disproved by every circumstance in her position, by a great part of what the President urges, and especially by the alarm which he spreads of the imperative necessity of acting " now," because Texas must otherwise be driven upon very hard terms, and at once, into the arms of some European power. But what foreign power, having treaties with Mexico, would be faithless enough to deal with Texas as our President has done? In the very message itself that accompanies the treaty, the President says, "It cannot be denied that Texas is greatly depressed in her energies by the long pro¬ tracted war with Mexico. Under these circumstances, it is but natural that she should seek for safety, and repose under the protection of some stronger power." Yet, we are told, this treaty does not make war by giving that protection and repose. Again he says, " I repeat, the Executive saw Texas in a state of almost hopeless exhaustion." What exhaustion ? That occasioned by the pending war with Mexico, which we are now asked to assume, in direct violation of our treaty of peace and amity with Mexico, and thereby to disgrace the United States in the eyes of the civilized world. I cannot, and I will not, advise and con¬ sent to the ratification of a treaty for any such purpose, or one attended by such consequen¬ ces. Were I to d© so, with my views, I should be faithless to myself, to my constituents, to nty country and my God. What says Mr. Secretary Upshur, in the very outset of this business in his letter of the Sth August last ? ?' Pressed by an unrelenting army on her borders, her treasury exhausted, and her credit almost destroyed, Texas is in a condition to need the support of other nations, and to obtain it upon terms of great hardship, and many sacrifices to herself." On this subject, our Minister in Texas, says, " Inasmuch as the commissioners of Texas, now in Mexico, in treaty or negotiation touching an armistice, are supposed not to have concluded their labors, and it is clear to the President of Texas, that so soon as this negotiation in relation to annexa¬ tion is known to the Government of Mexico, all negotiation on that, and all other questions between Texas and Mexico will cease, and that the President of Mexico will instantly com¬ mence active hostilities against Texas, which Texas is wholly unprepared, by sea or land, to resist." I presume no one will think it necessary to call on me for further proofs, that it was per¬ fectly well known to the Executive that Texas is incapable of defending herself; that her Independence was merely nominal; that her condition is now far more precarious than in 1837; that she has progressively grown weaker since then, and Mexico stronger; and that, in very truth, her Independence, which was the gift of the individual aid and sympathy of 28 our citizens, ceases the moment she shall no longer be upheld by the hope of help from the- United States. To take the measure of the credulity of folks like these, especially when their wishes, and designs come to the help of their belief, may seem somewhat rash ; but still as I do not know that they have eaten of that plant which was said of old to make men mad, I must hold it utterly out of the question to suppose that they can have swallowed all this stuff aoout Mr. Andrews. Certainly, even the Secretary ot State, who first seized upon the thing, saw full well the extreme nonsense of it, in one of its main points; and, in remarking upon it in his letter to Mr. Murphy of the Sth August last, after repeating the statement of" the "private citizen of Maryland," he admits, in the very outset, " that there is some diffi¬ culty in comprehending the terms of the proposition as stated," which is as good as to say that it is nonsense. And so it surely is ; for what is the plan ? " That an English compa¬ ny should be raised, and pay Texas for her slaves." Here one would think was the end of the bargain ; for when equivalents are to be interchanged, what more is to be done? Texas here would give up her slaves, and the English association its money—so oce would say. But this is far from being the result; for Texas has paid for the money, thus far, only in slaves ; whereas she is to pay over again in lands 1 Nor is that all; when she has thus paid twice over, it is but a loan after all; and the English Government is to aid the third operation, to come in as a guarantee of the interest! Of course, then, the principle still remains against Texas as a debt! Well might the Secretary confess that there were some obscurities in the plan 1 Yet that is far from hindering his blazing out upon it, and making it not merely the corner-stone, but the entire foundation of a mighty national affair. Nor does it become a whit more rational, in the corrected version which Mr. Murphy under¬ takes to give. In it, again, the Texans are first to give their slaves to the full value of a loan, and then to grant, in addition, a vast amount of lands, so large as to form a future fund for the abolition of slavery all over the United States ! The main difference which he makes is, that the British Government was to guarantee, not Texas, but the punctuality of her own citizens ; and really I do not see that there was any thing very alarming in that, though much extremely improbable. Such is this strange tale; and though, as I have said, the Secretary evidently sees its folly, yet what does he do? Inquire into it ? Not at all. Resort to the British Government for explanations ? By no means. Instantly, a letter full of simulated alarms is written to Mr. Murphy. To the English Minister here, or to his court, not a word is said, not a syllable to Mr. Everett, until just one month and twenty days after the first letter to Mr. Murphy, the overture to the whole opera that has been sung us since, and in which (as I am told is usual in overtures) the rudiments, or what musicians call the motives of the whole peice may be found. This idle tale, then, discredited by him¬ self, is made, with not the smallest attempt to fathom it, the basis of all these proceedings. It is not till fifty-one days afterwards, the 28th September, that Mr. Everett is directed to look into the affair; and on the 16th October, just eighteen days after that, when yet Mr. Everett could but just have got the despatch, we learn, from the note to Mr. Van Zandt, that the Executive, in view of " recent occurrences in Europe," had made up his mind to invite Texas, in all haste, to be annexed to the United States! Meantime, with all his precautious not to diminish, by inquiry, the small pretences on which he has seized, the Executive has got some information on the subject. He has learnt by Mr. Murphy's letter of the 24th September, that Mr. Andrews had been driven out of Texas by its popu¬ lace, as soon as they heard of what he had been about, and the envoy himself expressly entitles the whole affair, " the ridiculous transaction played off in London." Nor, indeed, did Mr. Upshur himself attach any real consequence to it; for in his despatch on the sub¬ ject to our Minister at Mexico, on the 18th November, he directly admits tint there is no- proof of any English design such as he was not only imputing, but acting upon ; for he says, " I have no sufficient reason to suppose that England desires to acquire it, (Texas,) but the subject in all its bearings is of deep interest to the United States." Thus, sir, disappears, before a little scrutiny, all these phantoms of English abolition in Texas. Nothing re¬ mains of them but a parliamentary flourish of a man of no high repute in England, Lord Brougham, some general declarations by the Premier, such as Premiers must always make when popularity demands it, and the frank avowal of Lord Aberdeen to Mr. Everett, that the Government had been solicited to stand guarantee to Texas, on a loan offered by the Abolition society, but had refused; and that it had suggested to Mexico to connect the ad¬ mission of the Independence of Texas with the abolition of slavery there; hut thacMexico had refused to listen to the suggestion, and that it had not, therefore, been renewed. I take it, therefore, that all this official history of the motives and tfee rise of this proceed¬ ing is entirely false, meant but to mislead. Nor are we without proof of the fact, a great deal more substantial than the Executive concludes treaties, sends out military and naval forces, and puts us in a state of war upon. In other times, that which I am about to cite, however well shown by facts to be authentic, would scarcely, fiviu Its orir. (at* 29 paper communication) have been brought into the Senate, but now things infinitely less fit tc be produced are brought here upon the gravest occasion, and I surely need not hesitate to give what I take to be the true secret history of this Texas treaty. Ap annexation meeting was lately attempted in the venerable town of Williamsburg, Virginia, the capital in some sort of the former judicial circuit of the Original negotiator of this treaty. At it, among others, appeared Judge (now Professot-y Beverly Tucker, ot William and Mary, whose extreme intimacy and whose close coincidence of political opin¬ ions and purposes with Mr. Upshur, various members sf this body perfectly understand. The Professor, upon this occasion, entered into a recital of the true origin of this matter, claiming himself to have set it on foot. The outline of what he told has been reported and published, about two weeks since, in the Richmond Whig. It is no doubt faithful, since though exceptions have been subsequently sent in and published to other parts of the re¬ port, the fidelity of this portion of it remains unimpeached. An abstract is as follows : " Having first avowed his intimate acquaintance with this whole subject, and that he possessed petuliar opportunities for being informed upon it, lie stated that the first proposition for annexation was made to him, and by him next made to the fate distinguished Secretary of State, Judge Upshur. He stated that he owned a large tract of land in Texas, and one half of about GO slaves, in partnership with a certain gentle¬ man there (name not recollected) of whom he spoke in the highest terms ; that this gentleman, in a letter written some time in the year 1843, mentioned the subject of annexing Texas to the American Union; that be (Professor T) immediately caught the idea and at once opened the subject to his friendjudge Upshur; that Judge U. as eagerly took hold of an idea, declaring in a private letter that he was the only man in the Union who could do the thing—that he could show the Northern people that annexation was their interest, and as this was the weak point of a Yankee, there could be no difficulty in reconciling the Yankees to annexation ; but if this could not be done, let things come to the worst. These iac/s were given from priva e letters which had passed between Professor Pucker and Judge Upshur, and was communicated with egotistical complaisance and evident pride, as if the communicator wa6 desirous to have the world know that he and bis friends were alone eniitled to the glory of starling this great project of annexation ! " I must state another fact which will illustrate the spirit with which this matter was undertaken by one of the distinguished actors in it, the country has a right to know it. Professor Tucker stated among other things of a like character, that Judge Upshur had declared that if he could find one man in Congress with firmness enough, he would, at the next session of Congress, bring things to a direct issue between the North and the South." This latter part, it must be confessed, smacks not a little of those resolutions from Beau¬ fort, South Carolina, which all have read with astonishment and pain, and with the open declarations of many of the leading presses of the South Carolina party, especially their or¬ gan here, which has declared that Texas was to be preferred to the Union. Allow me to examine that position for them, and to see what a new Southern Confederacy, founding its existence on an act of rapine like this, and on a violent disruption of its previous national ties, would be. Let us suppose, for a moment, that what cannot well happen without a violent convulsion is nevertheless brought about without any, and that a separate Confederacy quietly estab¬ lishes itself through all the States West and South, to the Ohio. The good which is to follow for its people shall be, lor the sake of argument, security to slave institutions at large, Free Trade, the opening to migration of a new, a fertile, and a highly genial region, and an advanced value of slave property, as the consequence of all, but of the last especially. Let us see how these causes will work. If slaves advance in price, that cannot be in countries of exhausted soil, already stocked with them, or in those where, from climate, the sugar and cotton culture cannot be carried on in competition with the rich soils in the lower valley of the Mississippi and beyond.— They will, then, only rise in price in Maryland, Virginia, North and South Carolina, Geor¬ gia, Tennessee, and Kentucky, because they will be sold to be carried away. And as a rise in their value will make a la'rger capital necessary to carry on planting where it is already unprofitable, of course this latter cause will hasten their rapid transfer South, by adding to the cost with which slave labor must be carried on North. They will be swept off, then, in but a short time, and the very States where this scheme pretends to secure the permanence of slave property will be stripped, within four or five years, of all slave property whatever. With them will go a large body of their masters, nearly all averse in the extreme to turn wholesale slave-sellers, and attracted by the cheap lands and large profits of the new country. Such numbers will probably yield to these in¬ ducements, that, from some parts of Virginia, a great portion of North Carolina, and nearly all South Carolina and Georgia, except the rice lands, it will be a migration almost en masse, and hardly any will remain that can get away. Thus, then, by a speedy change in the labor and property of the seven States I have men¬ tioned, they will take just the same relation to the slave interest south-west of them as Pennsylvania and the North now bear to the planting States; and abolition, sure to exist where there are no slaves, will occupy the northern, and plague and threaten the Southern, part of the new Confederacy, just as of old. In the great tract thus abandoned by much of its proprietary, and more of its laboring population, lands must of course sink prodigiously 30 in Value. At last, for want of purchasers, many of them will be abandoned by their own¬ ers, one half whose slaves alone will, upon lands bought in Texas with the other half, make far better crops than all on the worn and ill-used soil they now exhaust rather than culti¬ vate. Nor is this all: another very serious cause of depreciation will act. In the greater part of the Southern States, there is a heavy public debt. On a diminished population and depreciated property, that debt (which even now they can hardly provide tor) will fall with a terrible weight of taxes; and these will operate strongly to induce fresh migration into a new country whose debt has been assumed, and where there will be light taxes only.— This effect cannot but happen as to Virginia, South Carolina, Georgia, Alabama, my own State, Arkansas, Louisiana, Ohio, Indiana, and Illinois. There may, in a word, be benefits in the plan to Texas—very great benefits; but they will be such as, to fill her veins, will drain the very life-blood of most of the present South¬ ern States. There may be advantages to those who are to break up and to leave their native communities; but to those who remain and cling faithfully to them, the results will be de¬ plorable. Property will decline; cultivation will cease in its main branches; new objects and methods of tillage, new forms of industry, will have to be sought; all improvement will cease; the whole society will go backward for a time; and every thing, in a word, will de¬ cline, except taxes, and perhaps repudiation. From this changed order of things, what relief will Free-Trade bring, where the staples that bred the desire of it have ceased to be grown in these nearer Southern States ? They will be planting States no longer; and their soil and climate fit them little for farm¬ ing, for grazing, or for grain-growing. Producing no longer anything for exportation, what sort of a boon will Free Trade,be to them ? It strikes me that it will be not a little like a present of mustard to a man who has no meat, or ruffles to one withouta shirt. But, sir, to them, in such a Confederacy, yet another condition of things must ensue. In the States which I have described, in the necessities imposed by their position, it is among them that manufactures must spring up, as the most profitable employment. In this, then, again, they will occupy, as in regard to slavery, the very same relation to the States beyond them as New England now does to the South. The existing sectional opposition of interests will thus start up afresh between the extremeties of the new league; and the present Free Trade men (including some of the distinguished gentlemen whom I see around me,) will, unless they, in the meantime, have gone to Texas, become violent advocates ol a protective Tariff—unabated enemies of Free Trade. * Already, sir, from the causes I have mentioned, acting only with less intensity, this very state of things is eoming about. Maryland is already a Tariff State ; Virginia, North Caro¬ lina, and Georgia, are rapidly becoming so; my own State and Kentucky have shown how they regard that policy. What I have said is but the history of what we have seen and are seeing, the facts only compressed, by more sudden and stronger causes, into a few years' space. Such and so conclusive are the economical, the pecuniary objections to this scheme ot Southern Confederacy : but there is, further, a political, I might almost say a physical diffi¬ culty, of which these statesmen have not considered, though it is not less obvious than it is insuperable. Near its very centre, their intended territory is crossed by a mighty valley, itself, at no distant day, an empire. Do they expect to bridle, with what will be compara¬ tively but a little Atlantic border, that wide and powerful region ? Do they think to give law to the entire Mississippi, by seizing upon its mouth ? Sir, the race that possesses that great stream, is not one, in point of either spirit or strength, to be tamed to the will of any builder of political castles in the air, that thinks, at a word, to lock them in from the sea. That vast valley must have one common social destiny ; dor will the arrangements which schemers make, in South Carolina or Texas, at their ease, pluck away from the Great West its passway abroad, and reduce it to dependence. No ! The strong do not follow the for¬ tunes ol the weak; and if the one or the other is to submit, the Great West is much more like to give the law to this new realm, than to receive the law from it. I have shown what consequences, what new social arrangements, this entire plan would work; how surely it must empty of all their slave population, Kentucky, Missouri, Tennessee, and part of Alaba- bama. Now will these, after having been, by the very execution of this scheme, converted into free States, and will the many and populous countries behind them, consent to be a mere appendage to a league like this ? Never, sir ! The entire valley, I repeat, must ever have a common political destiny. Its natural ties, and thsoe of habit and feeling, bind it to this Union. If 'here is ever to be a Southern Confederacy, it cannot stretch across to Texas, but must be girdled in by the Mississippi. Such a thing, agitators and speculators may talk of; but I do not think any man here will live to see it; and I am sure, if he does, he will live to see troubles, disasters, conflicts ending but in mutual injury, misfortune, and misery, which will make him deplore that he has lived so long. I think I have thus shown what will be the special benefits, the benefits to the slave States as they now are, which this thing' promises; that it will transfer a large part of 31 their population and wealth; that it will break down the value of their lands; that it will add heavily to taxation ; that it will revolutionize property and pursuits ; that as it will only shift the slave region further South, and convert as large a space into free States as it adds of slave territory, it will leave the very interest for which all this is to be done, still weaker than before; that if dismemberment, which I regret to say seems to me clearly in the con¬ templation of a part of these political projectors, ensues, it will inevitably reproduce on a smaller theatre the same questions of protection and of abolition, the same sectional strife, which, in an evil hour, has bred the disaffection that urges men to this design ; that if such dismemberment come, it would not quietly stretch across to Texas ; that a war for the low¬ er Mississippi would probably follow : and now let me add, that I see no possible event from such a war, but that the new Confederacy, to sustain itself against the superior force of the rest of the Union, must do precisely what we are told Texas is about to do, and in this very prudent plan for the permanent security of slavery, cast itself for protection upon that very foreign power, whose alarming designs of abolition are made the great bugbear to frighten us into the jaws of this plan, and drive us, by terror, into crime and shame. But advantages of a more general nature are alleged, such as will benefit the whole Union. They tell us that it will give us a new and a noble territory; that its peopling will offer a fresh mart for the manufactures of the North, the provisions of the West, and additional em¬ ployment for our Eastern shipping; that it will add to our military security ; that it will prevent smuggling; that it will afford scope for the illimitable Anglo-Saxon propensity to scatter, and to get more land ; that it will promote the diffusion of our beneficent principles, and, as General Jackson expresses it, " extend the area of Freedom." Were all these things true, I should still refuse to seize such advantages at the price of national dishonor which we are to pay lor them. I should still, under my special duty to my own State, and to ma¬ ny others, vote against a measure which will deeply injure them. The Union is well as it is, and ha$ much greater need to govern itself well, to manage wisely what it has, than to call upon a large part of it to submit to a grievious loss with the object of merely extending our territory. All know, sir, what a deplorable system of farming that is, where the landholder grasps at more than he can employ, cultivating most wretchedly a large surface, while the skilful til¬ lage of but half as much would, with the same labor, yield him a larger crop, and give him an improving soil, instead of one growing every day worse. This individual propensity, long the misfortune of our husbandmen, is now rapidly correcting itself; and so will soon do, I trust, that kindred national rage for wide, rather than well-managed possessions, which men have largely counted on, in calculating the popularity of this attempt. If extent of possessions is to stand to us in the place of public honor, and beneficence and wisdom of sway, still we must yield in that species of glory to Russia, whose arbitrary rule covers a far wider surface of misgovemment. Nor shall we yet at all equai Tamerlain or Ghengis Khan, who had the honor of reducing under their absolute domain still broader tracts. Spain herself, whom we now so despise, once held in fee almost a third of the known world. Her thirst for misused dominion was as unscrupulous as ours can aspire to be; her enterprize as active; her military spirit far higher. What, then, is to assure us, treading the same career, from the same, or a yet speedier fate ? There are surely simple lessons in these things, which every citizen of a land like this, where all order is but the result of in¬ telligence, should have learnt—that there is more genuine gratness in governing wisely even a narrow territory, than in stretching ever so widely, a cruel, an unjust, or an imcompetent dominion, that only acquires, but knows not how to rule, to benefit. What is a mere em¬ pire of disorder, compacted together by none of the true arts of sway. It is preparing but a speedier downfall for all that we have of good, or right or happy. Already we have cast the wide foundations of what, if we persevere in the sober and steadfast, and sure greatness before us, must rapidly become the noblest government that the earth has ever seen. Are we to abandon the brightness, the certainty of a public destiny like that before us, for a scheme as wicked as it is wild ; that, to compensate for the general abhorrence with which it will turn the eyes of all nations upon us, offers us no probability but that of earlier dis¬ ruption, and decay? In all the past, history has presented one uniform truth—that govern¬ ments must be oppressive somewhat in proportion to their extent. Already fierce divisions, conflicts of interest the most threatening, warn us to keep within our present limits, and, at least, before we add to them, to compose, to consolidate, to unite. At this instant, the very men who would teach us to dream this sad and perilous vision of a greatness without honor or prudence or need, are many of them intent on demolishing the very grandeur to which they invite you. It is disunion that beckons on to this scheme of rapacity: you are to plunder, that disunion may possess; you are to steal, that it may receive ; you are foully and faithlessly to wrest Texas from Mexico, in order that disunion may be furnished with a broader and surer basis for a new confederacy. These men tell us that they themselves groan under the curse of this government; and in the same breath, that they pant to imparl 32 its blessings to others; they rave of England, and her terrible designs; and what are these designs? Apparently nothing worse than their own summum bonurn, Free Trade, the acme of ail wise policy! But if the embrace of England be so terrible, why seek a seperatiou which must fling them at once into her arms ? I remember too well the day when a direct dissociation from us, a direct association with England, gave them any thing but alarm, the days of nullification; nor have their thoughts changed since then, if their language inter¬ prets them. As little can I trust their promised advantages, in the new region, for our manufacturers, our provision trade, or our navigation, Texas, they design as a new aug¬ ment of the Free Trade region, an addition of anti-tariff votes. What will the consump¬ tion of its present population of not lSO.OOO^add to our trade ? And its augmented popula¬ tion will consist of but our own citizens, whom we already supply. As to the provision trade, they themselves boast that the upper regions of that countryare fit only for stock raising; so that it is likelier to be the rival of Kentucky and Ohio abroad, than their cus¬ tomer at home. If th'e carrying of its cotton and sugar is to employ our shipping, then it must be at the expense of a great overproduction of the first of those articles, with which we now glut the market of the world. In short, sir, I see nothing but what is utterly falla¬ cious in the object, and utterly bad and disgraceful in the method. The entire plan is a complication of rapine, of impolicy, and of imposture, such as I had trusted never to see presented for public favor in this country, by any that presumed to set themselves up as the guides and the lights of this nation. To Texas herself, meantime, sir, I give, as I have ever given, my warm sympathies in her brave struggle for the highest privilege to which a people can rise—independence. I acknowledge the kindred blood that runs in the veins of her people. Most gladly would I see her free; but free by her own arms, the only sure, the only noble way to freedom, such as our common forefathers trod. I have no confidence in any liberty that is the gift of others, and not wrought out by the good right hands of the free themselves. Even them, sir, the successful battle field may have won, but something yet nobler tharrvalor is neces¬ sary to keep the bright attainment, a spirit as calm, as right, as wise, as pure, as order-loving as it is brave, and that knows how to conquer what is far more difficult to subdue than any foe without—the foe within, the wild tendency to misrule, to faction, to disorders that shake or disgrace the State, to a rage of personal selfishness or corruption that heeds no claim of country, to a liberty that knows little of private morality, and nothing of that true public spirit without which freedom is but a letting loose of every man's hand against the rest, in the ignoble anarchy of parties intent only on pillaging the State, and of leaders without ca¬ pacity and without the thought to govern any thing but a caucus. Most gladly, then, were there no such things as national honor or faith—were treaties but so much waste paper—were Constitutions as idle within as the great rules between people and people empty without, would I assist Texas in her struggle. She has my re¬ spects, and my good wishes, in honor of many men really soble and brave, whom I know to have engaged in it. I yield them my sincere sympathies and best wishes; but I can, at present, yield them nothing more. I will not set my feelings above an honest discharge of my duties. I will not, out of kindness to Texas, trample on all the solemn obligations tohich we owe to faith, to peace, to justice, to the Constitution, to this Union itself, to the principles that are to sustain it, and to its people. I pretend not, however, sir, to that pro¬ phetic skill of politics which can settle questions like this for all time to come. My humble effort at statesmanship is but to reach, and prudently to resolve, the question now to beaded on. These things may take another form. Annexation may, at some day, assume a shape neither perilous nor dishonorable, nor coupled with any of those sectional dissentions, or de¬ signs which would now deter me from it. It may present itself, and probably will, as a question of expediency alone. Should it so come, while I have any public part to take on it, I will, as now, endeavor calmly to examine all the attendant circumstances, and to guide myself in action by them, and the wishes of the people I represent. With givingmy vote against ratifying the present treaty, my present duty on that subject will be performed, T E X A11 A N N E X A T I O N BILL. SPEECH OF MR. BENTON, OF MISSOURI, IN REPLY TO MR. McDUFFIE. Delivered in the Senate of the United States, Saturday, June 15, 1814. Rising, as Mr. McDuffie concluded, and taking up the last words of his speech, Mr. Besto» exclaimed—but with this-great difference! this great difference! that my bill refers the question of war with Mexico to Congress! where all questions of war belong! and the negotiators of this treaty made war themselves! They, the President and his Secretary of State, made the war themselves; and made it unconstitutionally, perfidiously, clandestinely, and piratically. The secret orders to our army and navy were piratical, for they weic without law; and to waylay, and attack a friendly power, with whom we have a treaty of amity; and as a member of a court martial, I would sentence to be shot any officer of the army, or navy, who should dare to attack Mexican troops, or ships, or cities, under that order. Officers are to obey lawful orders, and no others; and they are not to make war by virtue of any presidential orders, until Congress has declared it. They may go to the place under the orders of the President; but to attack the ships and troops of Mexico, is another affair, and subjects them to a responsibility for which an illegal order is no justification. The army and navy belong to the United States, and not to the President and his Secretary of State; and no degree of ignorance—no feeling of subjection, or passive obedience—can justify officers in a case of flagrant illegality. General Wall, a governor and a general in the British service, was hanged twenty years after the event, for illegally putting one man to death: what should be done to American officers, whose fealty ie due to the law, and r.ot to individuals, who should commit war by virtue of illegal orders? Happily, the rejection of the treaty, and the consequent recall of our ships and troops, releasee the question from further difficulties as it concerns the officers. But how stands it with a I'resi dent and Secretary—who have literally done what Patrick Henry never conceived (for his famous expression applied to the Federal Government itself, and not to its mere administrators)— when these two functionaries, by a secret compact with a foreign power, employ the pnrsc and the sword upon a peaceful neighbor, with whom we have treaties of amity, commerce, naviga¬ tion, and limits; and that without the knowledge of Congress, then sitting in their presence? Officers, since the rejection of the treaty, may get out of their position without the guilt of pirati¬ cal war; but what is the gui|t of the men who sent them out to commit it—who concealed their illegal orders from Congress—gave contradictory reasons for them to the Senate, when delected— and whose folly might make war even after their absurd reason for it had ceased: for how could these naval and military officers know that the treaty was rejected until long after it was rejected? and during all which time their orders were still in force to lie in wait for the Mexicans, and attack them going to Texas! What is due to the guilt of men who have ordered such ciimcs as these, although the decision of the Senate may prevent their perpetration 1 The Senator from South Carolina, (Mr. McDufpif.,) assimilates my bill to the treaty, and makes if one equally insulting to Mexico. Strange comparison this! Hyperion to a Satyr? Printed at Gideon's office, Ninth street, Washington Q My bill is constitutional; for it refers the question of war to Congress. It is respectful to Mex¬ ico; for it requires lier to be consulted before, and not after, the treaty. It assumes her consent to be necessary now, in the present state of the question between her and Texas; but supposes a time when it will not be necessary, and of which Congress is to judge. In all this, as in eyery other particular, it differs as light differs from darkness, and as reason differs from folly, from the treaty of the administration; a treaty that makes war without the knowledge of Congress, and without a preliminary effort to conciliate Mexico! And whenever Congress comes to decide the question of war with Mexico, as a means of getting Texas a year or so sooner, then they will have a serious question on hand, and one to be viewed under many aspects. The justice of such a war may claim a thought from the consciences of some, not having, as we certainly have not, any cause of war with Mexico. Its policy may claim consideration with others, who might deem it impolitic for the republic of the United States to commence a war upon the republic of Mexico, with the certainty of exasperating against us all the republics of South America. Its profit might arrest the attention of others, who might see in the loss of the Mexican trade more injury to individual and national wealth, than the difference of a few years in the acquisitions of Texas could balance ur repair. All this a Congress, representing the people, might consider and count the cost of, before they engaged in a war with a neighbor with whom we have trade and treaties, and wfiich is at the head of the cordon of southern republics. Congress would consider these thinggs—our administration did not. "The} rushed in Where angels fear to tread." Compared to this treaty, my bill is an angel—I use the word in a Greek sense, (eu nggclos)— a gvtod messenger—a messenger of good tidings; for it is a messenger of peace; not a firebrand of war—piratical war. It gives Mexico a chance to do what it is her interest and true policy to do; for she and Texas can never live in harmony together; and soon or late separation is inev¬ itable. And here I again remark upon the absurdity of saying, Mexico has no right to disagree to the annexation. That absurdity has been repeated too often. Mexico is a sovereign State, and decides that question for herself! She decides for herself whether she has claims on Texas, and what price she sets upon them; and that she has often declared is war! and, not waiting ' for war from her, our President and Secretary make it upon her, and ask the Senate to do the : same. The ratification of the treaty would have been the adoption of the war by the Senate. The Senator from South Carolina, who has done me the honor to address his whole speech to me, takes exception to the word neophyte, applied by me to the new friends of Texas. I am surprised at this exception, coming from him. That Senator is a scholar—no mean one—(I use the term in its literary sense)—and in his ear, familiar with the language of scholars, the word can imply nothing offensive or derogatory. It is, indeed, a chaste and classic phrase, known to the best writers, both sacred and profane. St. Paul uses it in his epistles, (the Greek copies;) and after naming him, no higher authority is wanted for what is gentlemanly and scholastic, as well a6 what is pious and christian; but, bring me a dictionary, (speaking to a page of the Senate,) bring me Richardson, letter N, and let us see what he says. The book was brought. Mr. B. read : "Neofhyte.—In French, neophyte; in Italian, neofito; in Spanish, neopbyto; Latin,.floo- phytus; Greek, neophutua, from neos, new, and phut on, a plant, a new plant; figuratively, a new convert; one newly implanted (s. c.) in the church; and consequently, newly converted t» the Christian faith; one newly initiated, ne.vly introduced or employed." 3 This (resumed Mr. B.) is Richardson's definition and etymology; and nothing can be more classic or innocent. It is pure Greek, only modified in sound and termination, in going through 3ii languages; and, both literally and figuratively, has an innocent and decent signification. iJichardson gives illustrations in the use of the word by eminent wri'.ers. Let us follow him, and see the application of the term: and first he quotes from the great Lord Chancellor Bacon, characterized by Pope in a single line, which I will not repeat; for it is only of the scholar and philosopher of whom we speak. In his essay on the Union of Laws, he says: "Nay, in effects of grace, which exceed far the effect" of nature, we see St Paul makes a difference hptween those he calles neophytes—Uiat is, newly grafted into Christianity—and those that are brought up in the faith." This is a scriptural or sacred application of the word, and very applicable; for the Senator is a graft in the Texas faith, and I was brought up in it But it has many other applications; and Ben Johnson applies it histrionically, (a professional application with him,) and shows that the stage, as well as the church, had its crops of these new plants. He says, in Cynthia's Revels: " It is with your young grammatical courtier, as with your neophyte player, a thing usual to be daunted at the first presence or inter view." In poetry, as well as in prose, the neophyte figures; and thus we find him again in Ben John- son, in the Revels of Cynthia: •' There stands a neophyte, glazing ®f hia face: and repeats, (Like an unperfect prologue, at third music,) His part of speeches, and confederate jests, In passion to himself." There stands a neophyte ! I hope the Senator will feel nothing personal, remarkable as the coincidences are. I read as I find it in the book. There stands a neophyte ! and certainly the Senator is a new plant in the Texian garden, his sprouting or taking root there being of quite modern date, and entirely posterior to the delivery of a certain governor's message that he and I wot of. But then it is accidental that he stands before me, and provokes the vindication ol a phrase innocently used. There stands a neophyte! and repeats, not an unpeifect prologue, or epilogue; for the Senator is very perfect in his part upon a three days' preparation, and repeats with becoming accuracy. And then his jests! although confederate, they are innocent and good, and prove their worth by their age; far they have lasted a long time, seen hard service, and still survive. Even two thousand years ago the satiric poet celebrated the virtues of old jokes, and assigned them a durability, under hard use, of more than metallic or lithotic power. " Even flint and steel, continued use impairs, " But your old joke no diminution fears." But, to be done with joking 1 the Senator is certainly a new plant, and an exotic, in the Texian garden Land those friends of his, the defence of whom has called him from a sick bed to do what he has not done, defend them—a task which would indeed require angels and min¬ isters of grace ! these friends of his, they are also new plants, and exotics, and strange plants in the same good garden ; and of them I must say, moreover, what I cannot and will not say of him—they are intrusive, noxious, and poisonous weeds in that fair garden ! I remember the fame when they flung the whole garden, as a worthless incumbrance, away, and they enter it now, as the serpent did Eden, with deceit in the face, ani death in the heart. The Senator has complimented me upon a part of my character is which I take a great pride— the didactic part—a faint imitation of the elder Cato—that of teaching my children; and I trust that the exercise of the morning will not diminish hia good opinion of the teacher's tact or taste in driving languages into boys' heads. Tb« schoolmaster has certainly been about; and 4 the day's tvoik is a specimen of his skill and power That word, neophyte ! the Senator now knows it in six languages; and the better in each for knowing it in all ; and learnt in al'l while learning it in one, according to the method of Locke and Wilton twp hundred years ago. And here en la the first lesson. I nerr overtask my neophytes. The Senator who has laid me under the necessity of making this reply, finds it disrespect¬ ful and offensive that I should treat the President's message to the House ol Representatives as an appeal from the Senate to that body. Certainly I could not treat it otherwise, without de¬ parting from the universal sense and understanding of the public, and repudiating the mean¬ ing of language. That message is, in its very nature, and, as near a3 possible, in its very language, an appeal from the Senate to the House of Representatives ; and is so understood by everybody. The Senator who speaks for the administration does not deny this universal understanding. On the contrary, he admits and justifies. He admits the appeal by name, and justifies it by name, and has introduced a joint resolution for the legislative action of the two Houses, and for the ratification of the treaty, by name.* The treaty is dead by the constitu¬ tional action of the Senate, and it is an outrage to the Senate and a revolt against the Constitu. tion to send it to the' House of Representatives for revival and ratification. I claim no veto power for the Senate except where the Constitution gives it, and this it has done in making it the supreme arbiter of the formation of treaties. Its power is as absolute in the case of treaties as in the case of nominations ; and if this appeal is tolerated, I see no reason for not sending all the rejected nominations to the House for confirmation, or openly taking; some unconstitutional and fraudulent method of nullifying the rejection of favorites, and retaining, or smuggling them into office, in spite of the Constitution and ot the Senate. The Senator from South Carolina, whom a feeling of private friendship, as he informs us, has induced to enter the lists for the President and Secretary of State, is shocked that their conduct should have been compared to that of the French revolutionary minister, Genet. He is shocked at I ins comparison ; and finds the cause of the misapplication of it, as he supposes, in the non- development of the phrenological bump of comparativeness on my head ; and thereupon dis¬ courses upon phrenology, as if his own head had been well fingered for bumps. Mine never has been; but since the Senator has raised the question, I will accept it, and will vindicate my title to the power of comparing, if not to the signs of comparativeness. He says Genet •was a foreigner; I happen to have said that myself. He says his appeal from President Wash, ington's proclamation of neutrality was very audacious : I said so likewise. And content with that, I pursued the comparison no further. But, since the Senator provokes it, he shall have it—those friends for whom he has spoken shall have it—they shall have the full benefit of the difference between Genet and themselves in endeavoring to excite an insurrection against a part ot the Government Genet, then, was a foreigner. He owed no allegiance to our Gov¬ ernment, and had taken no oath to support our Constitution ; and therefore, in endeavoring to destroy a constitutional part of the Government, he was guilty of no treachery, and committed no perjury: the President and Secretary, owing that allegiance, and having taken that oath, and now attempting to destroy the Senate, cannot claim the benefit of these exemptions which belong to Genet. And that is the difference in the degree of the offence which they have respectively committed. Is the Senator now satisfied that 1 can compare, although unfurnished with his sign of comparativeness ? * Resolved by the Senate end House of Representatives of the United States of Jtmerien in Congress assembled^ That Uic compact of annexation mrwle between the Executive tJovernment of the United states and that of Tex a*, and submitted to the Senate for conbrmation by the President of the United States, be, and the same is hereby, ratified as the fundamental law of union between the United Stales and Texas, as soon as the supreme executive and legislative power of Texas shall ratify and confirm the said compact 01 annezauon."—Mr. M«- Jtuffie s reakMon, 5 The Senator undertakes to answer my speech ; but he avoids all the hard plarcs. lie rays nothing of the two tnouyanJ rinks of Mexican territory, (over and above Texas, an 1 to which no Tt xian soldier ever went, except to he kilted or captured,) and which, by the treaty, is annexed to the United States. He says nothing about the private engagement for war aga'nst Mexico; anl sending our troops to join President Houston. He says nothing about this open assumption of the purse and the sword ; nothing about the admission of now States by treaty, without the consent of Congress ; nothing about the loss of Mexican commerce, and the aliena¬ tion of all the South American States from our cause : nothing about the breach of the armis¬ tice, and breach of treaties with a friendly power: nothing about the Duff Green stories for making pretexts for predetermined conclusions ; nothing, in fact, to the pregnant indications which show that the treaty was made, not to get Texas into the Union, but to get the South out of it. He defends the feelings, not the doings, ot his friends. The great objections to the treaty are in its encroachments upon New Mexico, Chihuahua, Coahuila, and Tamaulipas—in its adoption of the Texian war—in its adoption ofthat war unconstitutionally—in its destruction of our trade with Mexico—in our breach of treaties—in the alienation of Mexico and all the South American States from us—our permanent loss of trade and friendship with those powers— and the seeds of disunion (dissolution of our Union) so carefully and so thickly planted in it. Above all, he says nothing to the great objection to admitting new States by treaty—an act which Congress only can do. These are the great objections to the treaty ; and all these the defender of the President and his Secretary leaves undefended. The Senator from iiouth .Carolina defends the idea of a treaty, offensive and defensive, be¬ tween Texas and Msateo ; but he does not take the point of objection to that alliance. Cer¬ tainly it is ridiculous—it is Tom Thumb's alliance with the giant. But ridiculousness is the smallest part of the objection to its feasibility. The loss of twenty millions of silver dollars per annum—now annually drawn by the government and merchants of Great Britain from Mexico ; the loss of this specie, the loss of Mexican trade, the loss of the friendship of seven millions of people, with their three hundred mines, and the disgust of the other South American States which would follow Mexico:—these constitute the objections to British and Texian alliance, offensive and defensive. The Senator from South Carolina is read in the law of nations: he knows the purport of an alliance offensive and defensive ; and that it binds each of the parties to adopt all the wars, and all the quarrels, of the other. Engaged in such an alliance with Texas, Great Britain immediately becomes the enemy of Mexico, and of all the South Ameri¬ can States, which sympathize with her ; not one of which have acknowledged the indepen¬ dence of Texas, and all of which harmonize with Mexico. Great Britain has no notion of giving up such advantages for the honors, or profits, of the Texian alliance, offensive and de¬ fensive. She has no notion of denying herself a rich commerce—losing an immense annual supply of silver—drawing upon the vaults of her own bank for the many millions sent to her troops and ships abroad ; and thus literally killing the goose which lays her the golden eggs. That folly is reserved for our President and his Secretary ; and, once more, I ask ! how long would our thousand banks, and our paper money currency preserve their existence when de¬ prived of their supply of Mexican dollars ? A war with Mexico, even without a gun being Sred—such a war as she now has with Texas, destroying commercial intercourse—would be to the United States the most calamitous of events; and that calamity the ratification of the Texian treaty would have instantly involved. Great Britain is too wise for these follies. She has been courting Mexico with redoubled assiduity since we have been alienating her. She has managed wisely, taking both Mexico and Texas by the hand—preserving the good will and friendship of each—conciliating both—instead of outraging either; and she is not going to be- 6 come the enemy of either for the sake of the other; much lees make an enemy of an empire of mines, and of seven millions of people, for the small cotton-growing and slave-holding popula¬ tion of Texas. The Senator from South Carolina, in his zeal to defend his friends, goes beyond the line of defence, and attacks me; he supposes me to have made anti annexation speeches; arid certainly, if he limits the supposition to my speeches against the treaty, he is right. Bnt that treaty, far from securing annexation of Texas, only provides for the disunion of these States. The an¬ nexation of the whole country as a territory, and that upon the avowed ground of laying it all out into slave States, is an open preparation for a Missouri question, and a dissolution of the Union. I am against that—and for annexation in the mode pointed out in my bill. I am for Texas—for Texas with peace, and honor, and with the Union. Those who want annexation on these terms, should support my bill—those who want it without peace, without honor, and with¬ out the Union, should stick to the lifeless corpse of the defunct treaty. The Senator shows much zeal, but more discretion, in the defence of his friends ; he carefully avoids the tender parts. Picking an abolition quarrel with Great Britain to favor the ulterior design here; concentrating troops in the South under an unconstitutional pretext; assuming the war with Mexico by a private contract with President Houston—placing our ships and troops under his authority—the criminal blunder of our Secretary in locating a pretext for a previous conclusion in the subsequent letter of Lord Aberdeen—the whole tenor of the slave correspon¬ dence, designed to prevent the admission of Texian States, and to iijpuiq reunion—the uncon¬ stitutionality of admitting new States by treaty—all these tender parts, and others, the Senator's discretion carefully avoids. These nerves are too sensitive to be touched, even by the instruments of the friendly surgeon. The Senator from South Carolina, stili directing his whole attention to me, counsels me to reserve my sympathy for the massacred Texians—for those who have suffered from Mexican cruelty—for the victims of the Alamo, of the Old Mission, of San Patricio, and of Goliad. He says these massacres were the proper occasion for sympathy—the slaughtered prisoners the proper subjects to receive it—and violated laws of war and capitulations the fit subjects for de¬ nunciation. Good ! I agree with the gentleman exactly ! and am glad to see him, like a genial twos phulon, beginning to sprout and take root in my old ground. It so happens that I have done every thing bcfoie, which he now recommends to me, and done it in the tight time, and in the natural way, when the massacres were fresh, and when the sorrows of the heart took their course. I gave vent to my feelings eight years ago, when the present champions of Texas were silent and callous; and, with the leave of the Senate, I will now read something of what I then said: " Unhappy day, forever to be deplored, that Sunday morning, March 6, 1836, when the un¬ daunted garrison of the Alamo, victorious in so many assaults over twenty times their number perished to the last man by the hands of those, purt of whom they had released on parole two months before, leaving not one to tell how they first dealt out to multitudes that death which they themselves finally received ! Unhappy day, that Palm Sunday, March 27th, when the five hundred and twelve prisoners at Goliad, isi-uing from the sally port at dawn of day, one by one, under the cruel delusion of a return to their families, found themselves enveloped in double files of cavalry and infantry, marched to a spot fit for the perpetration of the horrid deed, and theie— without an instant to think of parents, country, friends, and God—in the midst of the consternation of terror and surprise—inhumanly set upon, and pitilessly put to death, in spite of those moving cries which reached to heaven, and regardless of those supplicating hands, stretched forth for merry from which arms had been taken, under the perfidious forms of a capitulation 1 Five hundred and six perished that morning—young, vigorous, brave—sons of respectable families, and the pride of many a patent's heart; and tlieir bleeding bodies, torsi 7 with wounds, and many yet alive, were thrown in 'heaps upon vast fires, for the flames to consume what the steel had mangled. Six only escaped, and not hv merry, hut by miracles. And this was the work of man upon his brother, of Christian upon Christian, of those upon those who adore the same God, invoke the same heavenly benediction, and draw pre¬ cepts of charity and mercy from the same divine fountain. .Accursed he the ground on which the dreadful deed was dune! Steril, and set apart, let it forever be! No fruitful cultivation should ever enrich it. No joyful edifice should ever adorn it. But shut up, and closed by gloomy walls, the mournful cypress, the weeping willow, and the inscriptive monument, shotild forever attest the foul deed of which it was the scene, and invoke from every passenger the throb of pity for the slain, and the start of horror for the slayer. And you, neglected victims of the Old Mis¬ sion and of San Patricio, shall you be forgotten because your numbers were fewer, and your hapless fate, more concealed ? No! but to you also justice shall be done. One common fate befel you all—one common memorial shall perpetuate your names, and embalm your memories. Inexorable history will sit in judgment upon all concerned, and will reject the pica of govern¬ ment orders, even if those orders emanated from the government instead of being dictated to it." In such terms as these, and as long since as eight years ago, and when the events were fresh, and vengeance for them still crying from the earth, and the wailings of bereaved families still load¬ ing the air, then did I vent my sorrow for the slaughtered victims, and my indignation against the slayers. But I was not blind and indiscriminate. I did not look upon the black side of the picture only. There was another side to it, reversed in character, and glowing with spots of heavenly white; and to these I turned for relief, and for the consolations which alleviate crime, and soften the asperities of nations. The Mexicans are like others : some inexorable, some ac¬ cessible to pity. There was humanity as well as barbarity—mourners as well as executioners— at these cruel massacres—many unwilling instruments, or mournful witnesses; and to these, also, I did justice. Of them I said : " But let us not forget that there is some relief to this black and bloody picture—some allevia¬ tion to the horror of its appalling features. There was humanity as well as cruelty at Goliad— humanity to deplore what it could not prevent. The letter of Colonel Fernandez does honor to the human heart. Doubtless many other officers felt and mourned like him, and spent the day in unavailing regrets. The ladies Gosero, and others, of Matamoras, saving the doomed victims in that city from day to day, hv their intercessions, appear like ministering angels. Several public journals, and many individuals in Mexico, have given vent to feelings worthy of Chris¬ tians and of the civilization of the age; and the poor woman on the Guadaloupe, who succored and saved the young Georgian, Hadaway, how nobly she appears. He was one of the few that escaped the fate of the Georgia battalion sent to the Old Mission. Overpowered by famine and despair, without arms and without comrades, he entered a solitary house filled with Mexican soldiers, hunting the fugitives of his party. His action amazed them ; and thinking it a snare, they stepped out to look for the armed body of which he was supposed to be the decoy. In that instant, food was given him by the humane woman, and instant flight to the swamp was pointed' out. He fled, receiving the fire of many guns as he went; and escaping the perils of the way, the hazards of battle at San Jacinto, where he fought, and of Indian massacre in the Creek na¬ tion, when the two stages were taken and part of his travelling companions killed, he lives to publish in America that instance of devoted humanity in the poor woman of the Guadaloupe. Such acts as all these deserve to he commemorated. They relieve the revolting picture of mili¬ tary barbarity—soften the resentments of nations—and redeem a people from the olfencc of in¬ dividuals." Thus I spoke of the mourners as well as of the executioners, eight years ago. And how did the Senator from Scuth Carolina, who now reproaches me for a supposed misdirected humanity, how did he then sneak ? To this question let a certain message from a Governor to his State legislature, of the cotemporary period—let that message answer! It was too notable to be for¬ gotten ; and comes into play now, like a many-edged sword, cutting many parties, and even its own master 1 and cleaving down the treaty for which he now stands up. That message repudi¬ ated Texas and her cause—saw nothing hut aliens and insurgents in her struggling patriots— and rebellious subjects in her massacred prisoners. To that message I remit him for the state of his feelings, (so different from this day!) when the calamities of the Texians were recent, and 8 i (lie mnnc=? of (he unhuried dead Wi.ro cr\ing to licivrn for merry, and to mm for comn.isera- tion. The feelings of that message contract strongly with the )am< nfations of tills day, a-'id read us a new lesson in the physiology of the pas-ions. Love, it is said, has agents in the heart, careless or deceitful creatures! that lie long dormant, doing nothing, and then, on some sudden, unexpected occasion, or no occasion at all, break out in a fury and conquer all before them. This is said of love—but I never heard the same of grief. Sorrow, I had always understood, was an extemporaneous passion, breaking out on the instant, and dying out in time. Not so with the Senator's new doctrine of the passions, and of his Texian grief. It slept until the calamity was old, and then broke, out with the violence of a sudden affliction. But there is another part of that same message which it is good still to look upon—that part in which annex¬ ation was repulsed, because it violated treaties, made war, destroyed commerce, and planted en¬ mity between neighboring nations which ought to be friends. In all this, the sentiments of the mes¬ sage were so just, that its author's present position would be perfect, if he only spoke now as he did when he delivered it.* The Senator assumes it for certain that the great meeting projected for Nashville is to take place i and wishes to know who are to be my bed fellows in that great gathering: and I, on my part, would wish to know who are to be his ! Misery, says the proverb, makes strange bed- *" While South Carolina is indignantly repelling all foreign attempts to violate the sanctuary, and endanger the existence of her domestic institutions, it becomes her m a peculiar manner to abstain from every sort of inter¬ ference with domestic concerns or domestic controversies of all other states, foreign or ciwifederate. The doc¬ trine of rion interference is one of the most important in the code of international law, and there are no commu¬ nities on earth who should hold it so sacred as the slaveholding States of this Union. If, by their example in giving countenance to the unlawful enterprise of their own citizens against a neighboring and neutral power, they should weaken the influence of that principle among nations, they would commit an offence against their own institutions, by impairing the sanctity of their surest guaranty against foreign intrusion. u Entertaining these opinions, I have looked with very deep concern, not unmingled with regret, upon the oc¬ currences which have taken place during the present year, in various parts of the United States, relative to the civil war which is still in progress between the republic of Mexico and one of her revolted provinces. It is true that no country can be responsible for the sympathies of its citizens; but I am nevertheless utterly at a loss to perceive what title either of the parties to this controversy can have to the sympathies of the American people. If it be alleged that the insurgents of Texas are emigrants from the United States, it is obvious to reply, that, by their voluntary expatriation, under whatever circumstances, of adventure, of speculation, of honor or of infamy, they have forfeited all claim to our fraternal regard. If it be even irue that they have left a land of freedom for a land of despotism, they have done it with their eyes open, and deserve their lestiny. There is but too much reason to believe that many of them have gone as mere adventurers, speculating upon the chances of establish¬ ing an independent government in Texas, and of .seizing that immense and fertile domain by the title of the sword. But be this as it may, when they became citizens of Mexico, they became subject to the constitution and laws of that country ; and whatever changes the Mexican people may have since made in that constitution and those laws, they are matters with which foreign states can have no concern, and of which they,have no right to take cognizance. I trust, therefore, that the Slate of eSouth Carolina will give no countenance, direct or indi¬ rect, open or concealed, to any acts which may compromit the neutrality of the Unifed States, or bring into question their plighted faith. Justice, stern and unbending justice, in our intercourse with other States, should he paramount to all the considerations of mere expediency, even were it possible that these could be separated. But they cannot. Justice is the highest expediency, and I am sure South Carolina is the last State in the Union that would knowingly violate this sacred canon of political moralitv. If any consideration could add to the intrinsic weight of these high inducements to abstain from every speriea of interference with the domestic affairs of a neigh loring and friendly State, it would be the tremendous retribu¬ tion to which we are so peculiarly exposed on our southwestern frontier, from measures of retaliation. Should Mexico declare war against the United States, and, aided by some great European power, hoist the standard of servile insurrection in Louisiana and the neighboring State*, how deep would be our self reproaches, in reflect¬ ing that these atrocious proceedings received even a colorable apology from our own example, or from the un¬ lawful conduct of our own citizens! •'There is one question connected with this controversy of a definite character, upon which it may be proper that you should express an opinion. * You are doubtless aware that the people of Texas, by an almost unani¬ mous vote, have expressed their desire to be admitted into our confederacy, and application will probably be made to Congress for that purpose. In my opinion, Congress ought not even to entertain such a proposition in the present stite of the qontroversv. If we admit Texas into our Union while Mexico is still waging war against that province, with a view to re etalilLh hdr supremacy over it, we shall, bv the verv act itself, make ourselves a party to the war. Nor can we take this step, without incurring this heavy responsibility, until Mexico herself shall recognise the independence of her revolted province. " We have no official information of the precise stale of our relations with Mexico. Enough is known, how¬ ever, to satisfy us that the conjuncture is eminently critical. Let us be scrupulou-ly careful that we do nothing to countenance, and all we can to prevent, the calamity of a war. We are now engaged in a fearful and doubt¬ ful struggle to reform our federal system of government, by throwing off the corruptions under which it is rapidly sinking. 1 " In this state of things, a war with any country would be the greatest of calamities ; "of we could scarcely hope to conic oat of il wilh any thing but the mere wreck of a free constitution, and the external forms of a free government"—Governor McDuJfie'e Message, December, 1833. • follows; aril political combinations, somet.uiis, make them equally strange. 'J'he fertile ima¬ gination of Burke has pr >s-ntcd us with a view of one of those strange sights ; an.l the South Can 1 ina procession to Nashville (if nothing occurs to balk it) may present another. Burke has exhibited to us the picture of a cluster ol old political antagonists—(it was alter th'e forma¬ tion ol Lord North's broad-bottomed administration, and after the country's good and love of of¬ fice had smothered old animosities)—all sleeping together in one truckle bed : to use hi3 own language, all pigging together (that is, lying like pigs, heads and tails, and as many together) in the same truckle bed : and a queer picture he made of it ! But, if things go on as projected here, never did misery, or political combination, or the imagination of Burke, present such a medley of bed fellows as will be seen at Nashville. All South Carolinais to be there : of course General Jackson will be there ; and will be good and hospitable to all. But let the travellers take care who goes to bed to him. If he should happen to find old tariff disunion, disguised as Texas disunion, lying by his side 1 then wo to the hapless wight that has sought such a lodg¬ ing. Preservation of the federal Union is as strong in the old Roman's heart now as ever: and while, as a christian, he forgives all that is past, (if it were past !) yet no old tricks under new names. Texas disunion will be to him the same as tariff disunion; and if he detects a Texas disunionist nestling into his bed, I say again, wo to the luckless wight. Sheets and blankets will be no salvation. The tiger will not be toothless—the Senator understands the allusion—nor clawless either. Teeth and claws he will have ! and sharp use he will make of them. Not only skin and fur, but blood and bowels, may fly 1 and double-quick-time scampering may clear that bed. I shall not be there : even if the scheme goes on, (which I doubt after this day's oc¬ currences ;) but if it should go on, and any thing could induce me to go so far out of my line, it would be to have a view of the Senator from South Carolina, and the friends for whom he speaks, and their new bed fellows, or fellows in bed, as the case may be, all pigging together hi one truckle bed at Nashville. But I advise the contrivers to give up this scheme. Polk and Texas are strong, and can carry a great deal, but not every thing. The oriental story informs us that it was the last ounce which broke the camel's back ; what if a mountain had been put first on the poor animal's back? Nullification is a mountain! Disunion is a mountain! and what could Polk and Texas do with two mountaing on their backs ? And here, Mr. President, I must speak out. The time has come fop tho^ to speak out who neither fear, nor count consequences, when their country is in danger. 'Tffe country is in danger ! Nullification and disunion are revived, and revived under circumstances which menace more danger than ever, since coupled with a popular question which gives to the plotters the honest sympathies of the patriotic millions. I have often inti¬ mated it before, but now proclaim it. Disunion is at the bottom of this long-concealed Texas machination. Intrigue and speculation co-operate; but disunion is at the bottom; and I de¬ nounce it to the American people. Under the pretext of getting Texas into the Union, the scheme is to get the South out of it. A separate confederacy, stretching from the Atlantic to California, (and hence the secret of the Rio Grande del Norte frontier,) is the cherished vision of disappointed ambition ; and for this consummation every circumstance has been carefully and artfully contrived. A secret and intriguing negotiation, concealed from Congress and the people : an abolition quarrel picked with Great Britain to father an abolition quarrel at home : a slavery correspondence to outrage the North : war with Mexico : the clandestine concentra¬ tion of troops and ships in the Southwest: the secret compact with the President of Texas, and the subjection of American forces to his command : the flagrant seizure of the purse and the sword : the contradictory and preposterous reasons on which the detected military and na¬ val movement was defended : all these announce the prepared catastrophe ; arid the inside view • of the treaty betrays its design. The whole annexed country is to be admitted as one territory, with a treaty promise to be admitted as States ; when we all know that Congress alone can ad¬ mit new States, and that the treaty promise, without a law of Congress to back it, is void. The whole to be slave Slates, (and with the boundary to the Rio Grande there may be a great many;) and the correspondence, which is the key to the treaty, and shows the design of its framers, wholly directed to the extension of slavery and the exasperation of the North. What else could be done to get up Missouri controversies, and make sure of the non-adrnission of these States ? Then (he plot is consummated : and Texas without the Union, sooner than the Union without Texas (already the premonitory chorus of so many resolves) receives its practical ap¬ plication in the secession of the South, and its adhesion to the rejected Texas. Even without waiting for the non-admission of the States, so carefully provided for in the treaty and corres¬ pondence, secession, and confederation with the foreign Texas, is already the scheme of the subaltern disunionists. The subalterns, charged too high by their chiefs, are ready for this ; but the more cunning chiefs want Texas in as a territory—in by treaty—the supreme law of the land—with a void promise for admission as States. Then non-admission can be called a breach of the treaty Texas can be assumed to be a part of the Union ; and secession and conjunction with her, becomes the rightful remedy. This is the design, and I denounce it ! and blind is he who, occupying a position at this Capitol, does not behold it ! I mention secession as the more cunning method of dissolving the Union. It is disunion, and the more dangerous because less palpable. Nullification begat it ; and, if allowed, there is an end of the Union. For a few States to secede, without other alliances, would only put the rest to the trouble of bringing them back : but with Texas and California to retire upon, and the Union would have to go. Many persons would secede on the non-admission of Texian States, who abhor disunion now. To avoid all these dangers, and to make sure of Texas, pass my bill ! which gives the promise ol Congress for the admission of the'new States—neutralizes the slave question—avoids Missouri controversies—pacifies Mexico—and harmonizes the Union.* The Senator from South Carolina complains that I have been arrogant and overbearing in this debate, and dictatorial to those who were opposed to me. So far as this reproach is founded, I have to regret it, and to ask pardon of the Senate and of its members. I may be in some fault. I have, indeed, been laboring under deep feeling ; and while much was kept dowrf, something may have escaped. I marked the commencement of this Texas movement longlislbre it was visible to the public eye; and always felt it to be dangerous, because it gave to the plotters the honest sympathies of the millions. I saw men who never cared a straw about Texas—one of whom gave it awayf—another of whom voted against saving it)—and all of whom were silent and indifferent, while the true friends of the sacrificed country were laboring to get it back : I saw these men lay their plot in the winter of 1842-43, and told every person with whom I talked every step they were to take in it. All that has taken place, 1 foretold : all that is in- *Mr. McDuffik did noi reply to this denunciation of disunion. He replied to the allusion to his message, but naid nothing to disunion. At Richmond, Virginia, his attention was called to it, and he made a public speech, in which, according to the Richmond Enquirer, he thus noticed it: "Mr. McD. noticed at some length the charge of " Di-union," which had been thundered by Mr. Botts and others in the Clay club house and elxwhere against himself and his ^tate. He showed that the first cry of dis¬ union, in case of annexation, came from John Q,. Adains and his northern friends, and he asked, whether Mr. Botts had then rai-ed the cry of disunion? Mr. McD. asserted, that the meetings in South Carolina had merely, declared that disunion would be the cj'ej of non-annexation—as the northern fanatics had raised the cry of 4 Texas and Disunion*—but, at all events, he was nit responsible for what hit constituents mi^ht do ; for they were loo proud, too patriotic and enlightened, to be under the dictation of any man or set of men." f Mr. Calhoun, in Mr. Monroe's cabinet. }Mr. Tyler, on Mr. Clay's resolutions in 1820 Mr. Clay's resolutions were, at that time, well founded; for Texas then had only been ceded by treaty: since then a law of Congress sanctioned the treaty, and bad U*e boundary line vf 1819 run, marked, and established. 11 tended, I foresee. The intrigue for the Presidency was the first act in the drama: the dissolu¬ tion of the Union the second. And I, who hate intrigue, and love the Union, can only speak of intriguer^ and disunionists with warmth and indignation. The oldest advocate for the reco¬ very of Texas, I must be allowed to speak in just terms of the criminal politicians who prosti¬ tuted the question of its recovery to their own base purposes, and delayed its success by de¬ grading and disgracing it. A western man, and coming from a State more than any other inte¬ rested in the recovery of this country so unaccountably thrown away by the treaty of 1819, I must be allowed to feel indignant at seeing Atlantic politicians seizing upon it, andtnaking it a Bectional question, for the purposes of ambition and disunion. I have spoken warmly of these plotters and intriguers ; but-1 have not permitted their conduct to alter my own, or to relax my zeal for recovery of the sacrificed country. I have helped to reject the disunion treaty ; and that obstacle being removed, I have brought in the bill which will insure the recovery of Texas (with peace, and honor, and with the Union) as soon as the exasperation has subsided Which the outrageous conduct of this administration has excited in every Mexican breast. No earthly power but Mexico has a right to say a word. Civil treatment and consultation before¬ hand would have conciliated her; but the seizure of two thousand miles of her undisputed ter¬ ritory, an insulting correspondence, breach of the armistice, secret negotiations with Texas, and sending troops and ships to waylay and attack her, have excited feelings of resentment, which must be allayed before any thing can be done. The Senator from South Carolina compares the rejected treaty to the slain Cresar, and gives it a ghost, which is to meet me at some future day, as the spectre met Brutus at Philippi. I accept the comparison, and thank the Senator for it. It is both classic and just; for as Ctesar was slain for tho good of his country, so has been this treaty; and as the spectre appeared at Philippi on the side of the ambitious Anthony and the hypocrite Octavius, and against the patriot Brutus, so would the ghost of this poor treaty, when it comes to meet mc, appear on the side of the President and his secretary, and against the man who was struggling to save his country from their lawless designs. But here the comparison must stop; for I can promise the ghost and his backers that if the fight goes against me at this new Philippi, with which I am threatened, and the enemies of the American Union triumph over me as the enemies of Roman liberty triumphed over Brutus and Cassius, I shall not fall upon my sword, as Brutus did, though Cassius be killed, and run it through my own body; but I shall save it, and save myself, for another day, and for another use—for the day when the battle of the disunion of these States is to be fought—not with words, but with iron—and for the hearts of the traitors who appear in arms against their country. The comparison is just. Caesar was rightfully killed for conspiring against his country; but it was not he that destroyed the liberties of Rome. That work was done by the profligate poli¬ ticians, without him, and before his time; and his death did not restore the republic. There were no more elections. Rotten politicians had destroyed them; and the nephew of Caesar, as^j heir to his uncle, succeeded to the empire on the principle of hereditary succession. And here, Mr. President, history appears in her grand and instructive character, as philosophy teaching by example; and let us not be senseless to her warning voice. Superficial readers be¬ lieve it was the military men who destroyed the Roman republic. No sucji thing! It was the politicians who did it ! factious, corrupt, intriguing politicians ! destroying public virtue io their mad pursuit after office 1 destroying their rivals by crime! deceiving and debauching the people for votes! and bringing elections into contempt by the frauds and violence with which they were conducted. From the time of the Gracchi there were no elections that could bear the 12 name. C „r, ,l, fat, ami fiiUttt p ft i • r. li u4Iit n 11J s i]J the cmmfillip. Intiigue, end the OuigiT, ill-posed t f rivals. Fiaud, t iulcm c, h.itlcs, Icrii>r, and the plun !rr of the public treasury, Ci'iimiaiicled rotes, 'i'lie jrcojilo li ul 110 chuh'e; and long lieforc the time of Ctcsar nothing re- lnaini'il of republican government, hut the name and the abtlsc. Head Plutarch. In the life of CiETjr, and nut three pages heforc the crossing of the Rubicon, he paints the ruined state of the elections—shows that all elective government was gone—that the hereditary form had become a necessary relief from the contests of the corrupt—and that in choosing between Pompey and Catsar, maity preferred Pompey, not because they thought him republican, but because they thought he would make the milder king. Even arms were but a small part of Oatsar's reliance when he crossed the Rubicon. Gold, still more than the sword, was his dependence; and he sent forward the accumulated treasures of plundered Gaul, to be poured into the Iaps^f rotten, politicians. There was no longer a popular government; and in taking all power to himself, he only took advantage of the state of things which profligate politicians had produced. In this he was culpable, and paid the forfeit with his life; but in contemplating Iris fate, let us never forget that the politicians had undermined and destroyed the republic, before he came to seize and to master it. It was the same in our day. Wc have seen the conqueror of Egypt and Italy overturn the Directory, usurp all power, and receive the sanction of the people. And why! Because the government was rotten, and elections had become a farce. The elections of forty-eight depart¬ ments, at one time, in the year 1798, were annulled, to give the Directory a majority in the legislative councils. All sorts of fraud and violence were committed at the elections. The people had no confidence in them, and submitted to Bonaparte- All elective governments have failed in this manner; and, in process of time, must fail here, unless elections can be taken out of the hands of the politicians, and restored to the full control of the people. The plan which I have submitted this day, for dispensing with inteimediate bodies, and holding a second election for President when the first fails, is designed to accomplish this great purpose; and will do much good if adopted. Never have politicians, in so young a coun¬ try, shown such a thirst for office—such disregard of the popular will—such readiness to deceive and betray the people. The Texas treaty, (for I must confine myself to the case before us,) is an intiigue for the presidency, and a contrivance to get the southern States out of the Union, instead of getting Texian States into it; and is among the most unscrupulous intrigues which any country ever beheld. But we know how to discriminate. We know how to separate the wrong from the right. Texas, which the intriguers prostituted to their ambitious purposes, (caring nothing about it, as their past lives show,) will be rescued from their designs, and res¬ tored to this Union as naturally, and as easily, as the ripened pear falls to the earth. Those who prepared the result at the Baltimore convention, in which the will of the people was over¬ thrown, will be consigned to oblivion ; while the nominees of the convention will be accepted t^and sustained ;* and as for the plotters of disunion and secession, they will be found out, and * 1 write yna a line on the nominations, chiefly on account of Mr. Dallas, whose former United States Bank opinions may be quoted against him. He is a man of ton much probity 10 declare a chance of opinion which he does not feel; and having for years back acted against the bank, I shall rely implicitly upon all he says against any future support of such an institution. Neither Mr I'olk mar Mr. Dallas have had anything to do with the intrigue which has nullified lite choice of the people, and the rights of the people, and the principles of our Government, in the person of Mr. Van Buren; and neither of them should he injured or prejudiced by it. Those who hatched that intrigue have become its victims. They who dog a pit for the innocent, have fallen into it; and there let them lie, for the present, white all hands attend to the election, and give us our full majority often thousand in Missouri. For the rest, the time will come; and the people, now, as twenty years ago, (when their choice was nullified in the per.-on of General Jackson,) will teach the Oougress intriguers to attend to law making, and let president making and un making atone in tuture. 13 tvill receive their reward; and I, for one, shall be ready to meet them at Philippi. sword in hand, whenever they bring: their parricidal schtme to the test of arm*. I am now what I have been for five and twenty,years—for Texas! but I want it with peaco and honor, and with the Union! and for that purpose have brought in the bill* which ii ca'cu- lated to conciliate every interest, and which the Senate, even in the expiring days of the session, has unanimously admitted, and ordered to its second reading; and which nothing I)at the want of time prevents from now passing this body. The Texas treaty, which consummated this intrigue, was nothing but the final act in a long conspiracy, ia which the sacrifice of Mr. Van Huren had been previously agreed upon ; and the nomination of Mr. Wright for Vice President pioves it; for his opinions and those of Mr. Van Bnrcn, on the Texas question, were identical ; and if fatal to one, should have been fatal to the other. Besides, Mi. Van Bui en was right, and whenever Texas is admitted, it will have to be done in the way pointed out by hnn. Having mentioned Mr. Wright, I will say thai recent events have made him known to the public, as he has long been known to his friends, the Veto of America, and a star of the first magnitude in our political firma¬ ment.—Letter to my constituents, June 3, 1844. * Be it enacted, fyc., That the President of the United States be, and he hereby is, authorized and advised to open negotiations with Mexico and Texas, for the adjustment of boundaries, and the annexation of the latter to the United States, on the lollowing bases, to wit: f 1. The boundary of the annexed territory to be in the desert prairies west of the Nueces, and along the high¬ lands and mountain heights which divide the waters of the Mississippi from the waters of the Rio del Norle, anil to latitude 42 degrees north. 2. The people of Texas, by a legislative act, or by anyaullientic act which shows the will of the majority, to express their assent to said annexation. 3. A State, to be called "the State of Texas," with boundaries fixed by herself, and an extent not exceeding that of the largest State in the Union, to be admitted into the Union, by virtue of this act, on an equal fooling with the original States. 4. The remainder of the annexed territoiy to be held and disposed of by the United States as one of their Ter¬ ritories, and to be called "the Southwest Territory 5l The existence of slavery to be forever prohibited in the northern and northwestern part of said Territory, west of the one hundredth degree of longitude west from Greenwich, so as to divide, as equally as may he, the whole of the annexed country between slaveholding and non slaveholding States. 6. The assent of Mexico to be obtained by treaty to such annexation and boundary, or to be dispensed with when the Congress of the United Stales may deem such assent to be unnecessary. 7. Other details of the annexation to be adjusted by treaty, »o far aa the same may come within the scope of the treaty-making power. 14 APPENDIX. From the Washington " Globe." SOUTH CAROLINA'S MODE OP ANNEXING TEXAS, The Richmond Enquirer copies from the Charleston Mercury, portions of the proceedings of public meetings held in Barnwell, Sumpter, and Edgefield counties, touching the Texas treaty. The Enquirer with much pleasure marks the favor with which all these meetings receive the nominations of the late Baltimore convention, but it silently puts the seal of reprobation on cer¬ tain passages in the transactions of these assemblies of nullifiers, by omitting such resolutions and remarks as squint at a dissolution of the Union- Por instance, the Barnwell meeting has this passage in the preamble, the whole of which is properly suppressed by the Enquirer, as an evidence of its disapprobation. The preamble puts the dissolution of the Union in issue with the Texas question, and says: " We believe that the very existence itself of this blood-bought and blood-cemented Union will be determined by it." The fifth resolution takes the ground, in re¬ gard to the annexation of Texas, that " its final rejection as an evidence of that increasing hos¬ tility to Ike institutions of the South, which has already shaken the caiifidence of our -people in the patriotism and fid-.lity of our northern brethren, and which may render it necessary for us (~ in the words of our own declaration of independence J ' to provide new guards for our future security.''" The ninth resolution attempts to identify the name of General Jackson with the new design of revolution, "to provide new guards for our future security " beyond the Constitution. It reads thus: " 9. Resolved, That in relation to the immediate annexation of Texas, we view with pride and satisfaction the conduct of the venerable Andrew Jackson, whose heart (though the hand of time and affliction has fallen heavily upon him) beats true to the interest and honor of his country ; and we rejoice that his days have been so length¬ ened out that he might unite his name with our third great strugg.e for independence." Col. 8. W. Trotti, who was at the head of the committee to prepare the preamble and resolu¬ tions, after they were read, explained them in a speech, the substance of which is thus given, with the proceedings; but is omitted by the Enquirer, as well as the ninth resolution : " After the preamble and resolutions were read, Col. Trotti rose and addressed the meeting in their support for more than an hour with great eloquence and ability, and was interrupted in the course of his remarks by frequent and long-continued plaudits. He dwelt with great force and earnestness upon the importance of the immediate acquisition of Texas as a measure of national I defence, and exposed the deceitful position of Lord Aberdeen and the British government on the subject. He conclusively demonstrated, that the safety, if not the very existence of the institu¬ tion of slavery is dependent upon the success of the measure, and contended with great power and ability that THE ONLY TRUE ISSUE BEFORE THE SOUTH SHOULD BE TEX¬ AS OR DISUNION." The Sumpter meeting is of the same cast; and the resolutions are fraught with the same threats against the Union. The 5th resolution, which is stricken out by the Richmond Enquirer, is given in the Charles¬ ton Mercury: " 5. Resolved, That we regard the opposition to annexation by a portion of the people of these United States on account of the existence of slavery in Texas, an unwarrantable attack upon southern rights guarantied to us by the Constitution ; rights which we are determined at «Ji hazards to maintain in spite of resistance either abroad or at home." Here it would seem that " opposition to annexation by a portion of the people of these United L States" is held to bo " an unwarrantable attack upo* southern rights ! P* 15 The sentiments of the Edgefield county meeting, (at which the Hon. Mr. Pickens officiated as a resolution committee man,) were in perfect keeping with those spoken by Mr. It. Barnwell Rhett's constituents of Barnwell. The disposition to dissolve the Union was somewhat bettor disguised, although plainly hinted at in the following resolution: " Resolved, That the grounds upon which this annexation is mainly resisted compel us to consider this measure as a question as to the maintenance of slavery, guarantied to us by the Constitution ; and we avow our determination to maintain this institution against all the attempts of abolitionists in our own country or elsewhere; and we shall not resist the separation from the Union of such Slates as denounce the slavcholding members of the confederacy as unworthy of connection with than, and as avow the purpose of not tolerating the admission into the Union of any new slavcholding country." This resolution is also omitted from the proceedings, as published in the Richmond Enquirer, from the Charleston Mercury, which contains it. The omission shows the sense entertained by Mr. Ritchie of its dangerous import. The gratuitous statement prefacing the invitation to a dissolution of the Union, is utterly unfounded ; not a member of the Senate, nor, as we have seen, a leading press of either the federal or democratic party, has given any pretence for the as¬ sertion that " this annexation is mainly resisted as a question as to the maintenance of slavery " nor does any Slate " denounce the slavcholding members of the confederacy as umoorthy of as¬ sociation with them." The issue of annexation, as necessary "to the maintenance of slavery," was made by Mr Calhoun himself in his Packenham letter, evidently for the purpose of furnish¬ ing his partisans in the South the means of rallying a party, and getting up a sectional feeling between the South and North, to answer the very purpose to which it is now applied. These several public meetings in South Carolina look to a convention called together from tho States favorable to annexation, to give effect to the resolutions passed by them. The Edgefield meeting broaches this scheme thus: " Resolved, That the members of Congress favorable to annexation be requested to resort to all legitimate expedients within their power fur the consummation of this great measure; and that, in the last resort, they take steps for assembling a convention of the States friendly to an¬ nexation." The Barnwell resolution is more precise, and fixes the place, with a view to identify the demo¬ cratic nominee for the presidency and General Jackson with their incendiary movements, under the disguise of Texas annexation. It is as follows: " 8. Resolved, That if Texas be not sooner annexed, we deem it expedient that a convention of the friends of immediate annexation throughout the Union be held at Nashville, in the State of Tennessee, on the first Monday in August next, and that, should such suggestion meet the approbation of our friends elsewhere, we will meet again at this place on the first Monday in July, to appoint delegates to said convention." The organ of this nullifying party, (the South Carolinian,) published at the seat of govern¬ ment, (Columbia,) is still more specific in laying down the chart of this new dissolution move¬ ment. After a series of remarks on the probable chance of the Texas treaty before the Senate, it proposes, in the event of its failure, the following: " t. To call upon our delegations in Congress, if in session, or our Senators, if they be at the seat of Government, to wait on the Texian minister, and remonstrate with him against any negotiation with other powers, until the Southern States shall hare had a reasonable time to de¬ cide upon their course. " 2. That object secured, a convention of the people of each State should be promptly called, to deliberate and decide upon the action to be taken by the slave States on the question of an¬ nexation ; and to appoint delegates to a convention of the slave States, with instructions to carry into effect the behests of the people. •<3. That a convention of the slave States, by delegations from each, appointed as aforesaid, should be called, to meet at some central position, to take into consideration the question of an- 16 rmxing Texas to Iho Union, if Hip Union will accept it; or, if the Un.on will not accept if, then ot annexing Texas to thn Southern State,t. " t That the 1'resi lent of the United States be requested by the crnera! convention of the slave States, to call Congress together immediately; when the tinnl issue shall be made up, and the alternative d stinetiy presented to the tree States, either to a Imit Texas into the Union, or to proceed peaceably and calmly to arrange the terms of a dissolution of the Union." Now we ask, can this convention be proposed, and such inflammatory subjects chosen for its discussion, with a view to the annexation of Texas, or to the election of Governor Polk to the Presidency ? The South is united in favor of annexation, every body knows ; and we believe that, as a friend to the measure, and a Southern man, Governor Polk will get the Southern vote. Do Mr. Calhoun and his friends imagine that, by exciting sectional feeling in the North, anil provoking hostility by fostering designs against the Union, they will be most likely to attain the ends they profess to have at heart—that is, to unite the northern democracy in support of annexation, and the. election of Gov. Polk to the Presidency ? We can readily comprehend how Mr. Calhoun might serve his purpose of consolidating Southern influence on himself, by making that section believe that the North sought to oppress it, and wishes to exclude a fair territory from the Union, lest it might give strength to the weaker portion of the confederacy. We can readily understand how it would assist the grand nullification scheme, (if again revived,) to rouse prejudice in the North among the northern de¬ mocracy, to have Governor Polk defeated, and the lather of the Protective system, with his tariff manacles in his hand, placed in the Presidency. If this be the aim of those who have seized on the Texas question for agitation, the drift of the late South Carolina conventions is easily explainable. But to identify Governor Polk and annexation with nullification, is not the way to carry either. This every sharp-sighted man perfectly understands, and none better than the politicians ol South Carolina. Governor Polk and his true friends in the South will shu* all commitments to such a scheme, and will be true to the cause for its sake and their own, and for the sake of Texas. WHIG TEXT BOOK, OR DEMOCRACY UNMASKED. TO THE PEOPLE OF THE UNITED STATES. The period will soon arrive when you will be called upon to exercise a right, which, of all the inde¬ pendent nations of considerable power on the Globe, you alone possess—that of electing, by your own free choice, the person who is to be entrusted with the high functions of your chief magistrate. Such being the importance of the right which you will soon be called upon to exercise, you owe it to yourself, to your children, to your country, to the cause of humanity, which is deeply involved in the issue ot the political experiment thatjis now making among us, to exercise it with full and mature deliberation. You owe,,this not only to the interests, but to the honor of the nation. Although the issues connected with the Presidential election have been ably and elaborately dis¬ cussed, still we are inclined to think a more extended analysis will be productive of some good, in diffusing among the people correct notions as regards the principles of the Locofoco party, and the dis¬ advantages likely to result to the community from their restoration to power. Since the result of the Baltimore convention, the leaders of that party have been strenuously urging, and a large portion of the party adopting, the annexation of Texas to the territory and Government of this Union, as a permanent measure, upon the agitation and excitement of which the party relies for its hope of success in the ensuing fall election. Politicians who dared not pronounce the name of annexation previous to the assembling of that convention, are now loud in their vociferations in its favor. The orders of the hero of the Hermitage have gone forth, and they must be obeyed. " The Northern man with Southern principles," even, was not flexible enough on this point—and he has been sacrificed. Aye, with all his services to the party, and devotedness to its interests, he was sacrificed. He dared for one moment to desert " the footsteps of his illustrious predecessor," and he was soon abandoned by his po¬ litical friends. Among the seven Locofoco votes recorded in the United States Senate against the Texas treaty, wa3 that of Silas Wright, of New York. He is as thorough an opponent of annexation as any man in the country. And yet this gentleman was almost unanimously nominated for the Vice Presidency by the late Baltimore convention, and but for his own refusal, would have been the candidate of the party, whose battle cry is, " hurrah for Texas"—" Texas or Disunion." The Locotocos unanimously nominated Mr. Wright before they nominated Dallas. They unanimously nominated an opponent of annexation before they nominated a friend of annexation. And now they af¬ fect to think that the question of annexation is more important than all other, and ought to be made the great test question throughout the canvass. Could any thing more forcibly illustrate their hypocrisy and total destitution of all principle.* It will be recollected that South Carolina was not represented in the Baltimore convention, and refus¬ ed to have any thing to do with its proceedings until Mr. Polk was nominated. Why ? Mr. Van Buren had declared himself opposed to both the principles and details of the tariff of 1842, and, so tar as that measure was concerned, he stood upon the same ground that South Carolina occupied; but he had declared himself opposed to the annexation of Texas to the United States, and as South Carolina proclaims that " the only true issue before the South should be Texas or Disunion," he was not her man. When Mr. Polk was nominated, Mr. Pickens and Mr. Elmore, of South Carolina, came into the convention in Baltimore, and pledged the support of that State to him; and why were they satisfied with his nomination ? Because he was known to be hostile to the tariff, and in favor of the immediate annexation of Texas to the United States, honorably or dishonorably, wright or wrong, with or without the assent of Mexico, and in violation even of solejnn treaties, existing between her ana the United States; and it is for these reasons that South Carolina now gives her hearty support to Polk and Dallas. Do the leaders of the locofoco party throughout the country give them their support for the same reason? Are they in favor of the treaty-annexation of Texas, and opposed to the tariff ! If not, why are they found acting in concert with the opposers of the tariff poi.icv ? It is certainly a curious co¬ alition, a strange union, to see the friends of the tariff, or those who profess to be such, standing shoulder to shoulder and foot to foot with those who denounce it as " the most infernal bill that was ever passed by a legislative body." When political men, who have been remarkable for their reciprocal hatred of each other, surrender their judgments to the influence of envy and sectional jealousies, abandon their former principles, their political and private friends, and unite in the support of a man who the Democracy of the country never indicated a disposition to bestow such a trust upon, the public have a right to demand, and certainly ex¬ pect an explanation, and a full development of the means resorted to to effect his nomination. Do not the ciicumstances connected with the nomination furnish strong ground of justification for the opposition to Mr. Polk; and, when connected with his known vacillating and contradictory public acts, afford conclusive reasons, even with his friends, for an abandonment ? Do they not relieve his opponents from an enumeration of other objections to him, and justify them in the general grounds of their opposi¬ tion? As far as our information extends, the position assumed by Col. Polk, relatively to the treaty of Texas, is the only question which prompted the convention to nominate him as a candidate for the Pre¬ sidency. * Extract from Colonel Benton's letter, " The Texas treaty, which consummated vthis intrigue, was nothing but the final act in a long conspiracy, in which the sacrifice of Mr. Van Buren had been previously agreed upon ; and the nomination of Mr. Wright for Vice President proves iifor his opinions, and those of Mr. Van Buren, on the Texas question, were identical, and if fatal to one should have been fatal to the other. Besides, Mr. Van Buren is right, and whenever Texas is admitted, it will have to ue done in the way pointed out by him." Printed at Gideoh's office, Ninth street, Washington, -z His advocates should at least be able to refer to great and overbalancing considerations in his principles, to justify their support. They ought not to rest for their grounds of preference upon the sup¬ port which he gives to one measure, the adoption of which is highly questionable and of equivocal utility. They should be able to point to bright and overpowering qualities in their candidate, which have for their basis political wisdom and political integrity. That objections of a strong character to the election of Mr. Polk do exist, his friends must admit; and that many others, of much graver import, liave also an existence, seem to be equally indisputable,and that they are readily deducible from the history pf his past life. It will now be our purpose, as briefly as we can, and as the limits of this communica¬ tion so obviously require, to enumerate some of the most prominent, and to give them a free and candid examination. The occasion, and the circumstances connected therewith, seem, as an act of justice, to require this at our hands; and while the harsh and burning ordeal to which his patriotic and illustrious competitor has been unsparingly subjected, might be cited for justification for the freedom with which we shall act, we disdain to follow such an example, and shall therefore make the examination with the cour¬ tesy and regard to truth, which men who regard the public, or respect themselves, should always observe. The political sins which characterize Col. Polk's public life, are so various and so numerous, that it is more difficult to state exceptions than to describe his aberrations. They exhibit one dark turbid stream, adorned by few verdant spots on which the patriot's eye may repose with pleasure: affording to mankind another instructive lesson, among those registered in history, how feeble are the lessons of wisdom to restrain the wild exertions of delirious party spirit. It is not my purpose to misrepresent the motives or the sentiments of Mr. Polk. They stand forth in number and form too prominent to require additional coloring to render them conspicuous. The history of Mr. Polk's life, published, we presume, by his con¬ sent, furnishes no evidence of his qualifications for the office of Chief Magistrate; the whole book, with the exception of a small portion of it, being occupied in eulogizing his talents arid his consistent demo¬ cracy ; nor have the debates in Congress preserved any account of his statesmanlike views or the valuable services rendered to the country. On the contrary, we have conclusive demonstration of his entire igno¬ rance, or total disregard of the constitution and laws of the land, and the nature and structure of our in¬ stitutions, and a manifestation of the arbitrary and despotic disposition which be is disposed to indulge, whenever he is entrusted with the exercise of political power. Will the restoration of this party to executive power conduce to the interest of the community ? What measures of a beneficial tendency were recommended by the preceding administration calcinated to ad¬ vance its prosperity 1 During the existence of this administration, we ask if the country 'was pros¬ perous and successful! Where is the evidence of it! The national Government was embarrassed in all its operations, and struggling 011 from day to day under the pressure of an insolvent Treasury ; public works neglected and postponed; public credit endangered. As to affairs of individuals, what kind of busi¬ ness was prosperous ! Manufactures had largely declined ; commerce, distinct from navigation, diminish¬ ed ; jnternal trade greatly reduced ; specie payments suspended over a considerable portion of the Union. OPINIONS OF JAMES K. POLK ON INTERNAL IMPROVEMENTS. Political consistency is not a virtue to which Col. Polk can have any just claim ; on more subjects than one he has changed his opinion, without giving any substantial reasons for the change. This we think can be made apparent, notwithstanding he said in a speech at Murfreesborough, in 1839, " I chal¬ lenge the newspaper press of the State to pick out the act—the single act—upon which I have changed my principles." That he sent forth this challenge, and so expresses himself, we believe has not been denied. An examination of his former opinions on the subject of internal improvements by the Nation¬ al Government, will show that, notwithstanding the above disclaimer, lie, like others of his party, has found it convenient to change, and from an advocate of internal improvements by the State or the Gene¬ ral Government, he has become the bitter opponent of the system, and the advocate of all the views of Gen. Jackson on the subject. It is not our object on the present occasion to present our views, or the opinions entertained on this subject by the Whigs as a party, but to present the views of Col. Polk, be¬ fore he became so deeply imbued with the spirit of modern Democracy. In a report of the proceedings of the Legislature of Tennessee, on the 23d September, 1834, we find it stated, that Col. Polk uttered the following sentiments on the bill to incorporate the Murfreesborough Turnpike Company. The correctness of the report has never been questioned : " He (Mr. Polk) spoke of the propriety of such works being constructed by the State, or the General Government, said the question with regard to the powers of the Government to make internal improve¬ ments had been settled at the last session of Congress, and he thought it likely that the attention of the Government might be directed to the object of extending the military road from New Orleans." What is this but a clear admission of the power of the National Government to construct work3 of internal improvement ? Where is the consistency between this and his present opinions ? Which are adverse to die whole system ?—a system which he now pronounces unconstitutional ! But he goes still further in a circular letter addressed by him to his constituents, dated May 10th, 1825. In that docu¬ ment he says: " How far the General Government has power to make internal improvements, has been a question of some difficulty in the deliberations of Congress. It has been a question long and ably controverted by our wisest statesmen. It seems, however, to have been lately settled by thethree great departments of the Government in favor of the exercise of such a power." Again, he says, in the same circular letter: 3 "The expediency of making internal improvements is unquestioned; it is only on the question of power that doubt has arisen. They are calculated to promote the agricultural, commercial, and manu¬ facturing interests of the country; they add to the wealth, prosperity, and convenience ot the great body of the people, by diminishing the expenses, and improving the facilities for the transportation of our surplus products to market, and furnishing an easy and cheap return of those necessaries required for our consumption A judicious system of internal improvements, within the powers delegated to the General Government, I therefore approve." No Whig could have made a more appropriate argument in favor ot internal improvements-ftan is contained in the last paragraph, yet now, Col. Polk and his political associates, denounce the system as a Federal measure ; as a violation of the Constitution. james k. polk's votes in congress on appropriations for internal improvements. Marchl, 1827.—On the passage of "An act to grant a quantity of land to the State of Illinois, for the purpose of aiding the opening a canal to connect the waters of the Illinois river with those of Lake Mi¬ chigan," ayes 90, nays 67, J. K. Polk in the negative. (Jour. H. R. 1826, page 375.) Feoruary 18, 1829.—On ordering the bill to be engrossed " for the preservation and repair of the Cumberland road," yeas 105, nays 91, J. K. Polk in the negative. (Jour. H. R. 1828-'9, page 305.) March '29, 1830.—Mr. Polk made a speech against internal improvements by the General Govern¬ ment. (Cong. Debates, vol. 6, page 692.) May 29, 1830.—On agreeing to amendment of the Senate to the House bill, which amendment pro¬ vided for " the improvement of harbors, bays, rivers, and creeks," &.c., ayes 85, nays 53, J. K. Polk in the negative. (Jour. H. R., page 795.) May 29, 1S30 On the passage of an act to authorize subscription for stock on the part of the United States to the Louisville and Portland Canal Company, yeas 80, nays 37, J. K. Polk in the negative. (Jour. H. R. 803.) \ January 18, 1831.—The House proceeded to the consideration of the bill making additional appropri¬ ations for the improvements of certain harbors, and removing obstructions in the mouth of certain ri¬ vers, &c. &.c., yeas 113, nays 45, James K. Polk voting in the negative. (Jour. H. R., page 328.) February '24, 1835.—On agreeing to an amendment for the navigation of the Ohio river, between Pittsburgh and the falls of the Ohio river, fifty thousand dollars ; yeas 110, nays 86, James K. Polk vot¬ ing in the negative. (See Jour. H. R., page 250.) In 1834, he opposed the appropriation ot one hundred thousand dollars for the removal of the "raft,': an obstruction in the Red river. He also opposed an appropriation of 25,000 for the improvement of the harbor of St. Louis, Missouri. (See Congressional Register tor the session of 1834.) The bill granting land to Alabama, to aid in constructing a canal round the Muscle Shoals, was passed by the following vote, yeas 94, nays 61, Mr. Polk voting in the affirmative. It must be remembered that this work is in the neighborhood of Col. Polk's district, which he repre. eented, and his constituents were of course interested in the improvement of that portion of the Ten- nessee river. col. folk's hostility to the tariff policy. If any friend of the tariff policy, of the principle of protection, is disposod to doubt the hostile dispo. sition of Mr. Polk, their doubts must be removed, once and forever, by the facts and authentic quotation! which follow. From Col. Polk's speech we extract the following: " No member of the committee (of which he was one) who yielded his assent to this bill, I may safely affirm, desires to prostrate the manufacturer, nor will such, in their judgment, be the effect of the bill I venture to affirm that the bill, so tar from prostrating these establishments, affords sufficient incidental protection to enable all such as are based on real, not borrowed, capital, and which are conducted with economy and skill," &c. This extract is taken from a speech delivered by James K. Polk, on the 28th day of January, 1834. Mr. Polk says—we wish the reader to mark it—that " it affords sufficient incidental protection to enable all such as are based on real, not borrowed, capital." Now, this is a doctrine which every true American will repudiate. What would the poc^t do, if the principle were carried out that all who trade on borrowed capital need no protection ? Is he the poor man's friend ? Is he the friend of him who works and earns his bread on borrowed capital ? No, no. How many thousand, yea, mil¬ lions, whose business was based on borrowed capital, and who were poor men, rose to great wealth. Yef James K. Polk would not protect them because they go on borrowed capital. It may be said, that Col. Polk was in favor of passing a law affording incidental protection to American industry. Nothing could be further from the truth. Mr. Polk spoke in opposition to the protective clause in the compromise act, and was in favor of immediately reducing the revenue to the necessary expenses of the Government, contending that that would afford sufficient incidental protection to all such as are " based on real, not borrowed, capital." To prove this, we give below an extract from the speech of the Hon. John M. Clayton, (United States Senator in 1834,) delivered at Wilming¬ ton, Delaware, who refers to the files of debates of Congress to sustain the truth of hi9 remarks : " On the 28th day of February, 1834, [just one month after Polk's speech,] within one year after th« passage of the compromise, Mr. Hall, of North Carolina, in the House of Representatives of the Unitei States, introduced a resolution, the object of which was to procure from the Committee of Ways anc Means a reDort of a plan, accompanied by a bill, to repeal the protection guarantied by the compromise under the pretext of immediately reducing the revenue to the necessary expenses of the government 4 and James K. Polk, of Tennessee, who was, at that time, the Chairman of that very Committee of Ways and Means, voted for that resolution. There were 69 yeas in favor of that resolution, and 115 nays against it Mr. Polk was backed by six of the nine members of that same committee, and by all the nullifiers and ultra anti-tariff men in the House." In December, 1832, the Committee on Ways and Means reported a bill to repeal the existing tariff of 1828, and in lieu thereof to collect a revenue of but $12,500,000, by all imports on foreign merchandize, the average duty on which, as proposed, was about 15 per cent., and that to beassessed on the foreign val¬ uation. James K. Tolk was one of that committee, and the measure had his earnest support, as the jour¬ nals of Congress will prove. This bill, which will be found to be the 11th document in the volume of Reports of the Committee at the 2d session of the 22d Congress, is as follows : " All assessable, be it remembered, on the foreign valuation; on woollens, to 15 per cent., on all not exceeding 35 cents the square yard, 5 per cent.; on worsted stuff goods of all kinds, 10 per cent.; on worsted and woollen hosiery, gloves, mits, bindings, and stockinets, 10 per cent.; on all other cloths, merino shawls, flannels, baizes, and cassimeres, carpetings and rugs of all kinds, 20 per cent; on cloth¬ ing, ready made, of all descriptions, 20 per cent.; on all cotton goods, 20 per cent, except nankins, from India, on which Mr. Potts' duty was 15 per cent.; and cotton hosiery, gloves, mits, and stockinets, on which his duty was ten per cent.; as well as upon cotton twist, yarn and thread ; on all manufactures ef flax and hemp, or sail duck and cotton bagging, 15 per cent.; on all manufactures of tin, japanning, gilt, plated, brass and polished steel, 20 per cent.; on common saddlery, 10 per cent.; on earthern and stoneware, 20 per cent.; on all side and fire arms, rifles and muskets, 20 per cent.; bridle-bits and glass ware, 20 per cent.; on manufactures of iron and steel generally, a duty of 20 per cent.; on salt and coal, 5 per cent.; on every thing produced by the farmer in the middle and northern States, Mr. Polk, who is a cotton grower, recommended, in this bill, one unvarying standard of only 15 per cent.; 15 per cent, on wheat, and wheat flour, butter, bacon, beef and pork." Had a destructive tornado passed over all the manufacturing establishments of the country at that time, it would scarcely have proved a greater curse than that measure which had the earnest support of Go¬ vernor Polk, of Tennessee. By reducing the duty on wool to 15 per cent., it put the knife to the throat of every sheep in the country. By a duty of 20 per cent, on ready-made clothing of all descriptions, it ruck down a whole class of the most industrious and useful mechanics of the nation. On the 23d of June, 1832, he voted for the motion of Mr. McDuftie, of South Carolina, to reduce the duty on cotton goods, costing not exceeding 15 cents the square yard, to 12 1-2 per cent, ad valorem. On the same day he voted for Mr. McDuffie's motion to abolish the duty of $30 per ton on rolled iron. On the previous day he voted against the duty on boots and bootees, on cabinet wares, hats and caps, whips, bridles, saddles, carriages and parts of carriages, blank books, earthern and stone wares, and manufac¬ tures of marble ; and also against the duty on wool. With this exhibition of the friendship of J. K. Palk for the laboring freemen of all classes in this country, we leave him in their hands, to dispose of him as he deserves, by a defeat unparalleled in the an¬ nals of political history. During the canvass for governor of Tennessee, in the summer of 1843, a number of respectable citi¬ zens of Memphis, of both parties, addressed a series of interrogatories to Governor Polk and Governor Jones, touching their opinions on the leading questions of the day. Their, answers were published at length at the time ; the respective candidates resting their chances of success upon the opinions and sentiments therein expressed. The answer of Governor Polk has recently been incorporated in a bio¬ graphical sketch of his life, prepared for and published by the Nashville Union, and his opinions en¬ dorsed and re-affirmed. The Nashville Union says : " His answer was written in the midst of the conflict, and with great haste ; but it will be found to bear all the marks of a statesman who has nothing to conceal from the public eye—who has his opinions well matured, and whose reliance, at all times, is upon the virtue and intelligence of the people." The fifth and sixth interrogatories, thus republished in the Nashville Union of the 13th June, instant, relate to the tariff. We copy the question, with Mr. Polk's answer: " 5th. Are you in favor of a tariff or direct taxes for the support of the General Government!" " 6th. If a tariff, do you approve of such a tariff as would give protection to home industry against foreign industry !" Mr. Polk replied, and went into a string of arguments in favor of free trade, and misrepresentations of the operations of the protective policy- He closed as follows: " I am opposed to the tariff act of the late Congress, considering it to be in many respects of this charac¬ ter—and, indeed, so highly protective upon some articles as to prohibit their importation into the country altogether. I am in favor of repealing that act, and restoring the Compromise Tariff Act of March 2d, 1833, believing, as I do, that it would produce more revenue than the present law; and that the incidental protection afforded by the twenty per cent, duty, especially when this would be paid in cash, and on the home valuation, will afford sufficient protection to the manufacturers, and all they ought to desire, or to which they are entitled." The following extracts from a speeeh delivered by James K. Polk before the people of Madison county, on the 3d day of April, 1843, will show that he is, and always has been, an uncompromising opponent of a protective tariff: 5 " He was opposed to prohibitory and protective duties, and in favor of such moderate duties as would not cut off importations. In other words, he was in favor of reducing the duties to the rates of the com¬ promise act, where the Whig Congress found them on the 30th of June, 1842."—Pamphlet speech at Jackson, Tennessee, April, 1843. " The south, and he with them, had voted for the act of 1833, because it was a reduction of the rates of the act of 1828, though by no means so low as he would have desired it to be,- still it was the greatest reduction which could be attained at the time of its passage." " The difference between the Whig party and myself is, whilst they are the advocates of distribution and a protective tariff—measures which I consider ruinous to the interests of the country, and especially to the interests of the planting States—7 have steadily, and at all times, opposed both." The Globe, in commenting upon the extracts from Col. Polk's speeches, recently published, says : "These extracts, we agree with Mr. Hardin, contain a fair exposition of Col. Polk's views, at tb^ same time it announces, in brief, the doctrine of a tariff for revenue only, which we regard as the doc¬ trine entertained universally, almost, by the Democratic party." POLK ON WOOL. Jan. 17, 1827, Mr. Mallory, of Vermont, reported a bill for the better protection of wool and woollens, and made an elaborate speech in its support. Mr. CamWlang, of New York, (Locofoco,) immediately rose and avowed free trade doctrines, and commenced war upon the bill. Mr. Polk voted against the bill throughout.—Cong. Deb., vol. 3, pages 986, 996, 1,027, 1,028, 1,087, 1,098. Jan. 31, 1828, Mr. Mallory, of Vermont, reported the famous tariff bill of 1828, giving increased pro¬ tection to wool, woollens, and other branches of domestic industry. Mr. Polk went with the enemies of the bill and voted against it.—Same, vol. 4, part 2, pages 2,348, 2,472. April 15, 1K30, Mr. Mallory reported a bill to prevent frauds in the importation of foreign products and enforce the tariff of 1828. Mr. Polk voted against it.—Same, vol. 6, part 2, pages 979, 987. Dec. 14, 1830, Mr. Barringer introduced a resolution to reduce the duty on coarse wool, woollens, sugar, &c., and on the question of consideration, Mr. Polk voted in the affirmative. FARMERS LOOK HERE ! " The Wool-growers consider the duty upon foreign wool as important to their prosperity. This opinion is founded in error !"—James K. Polk. " My opinion is, that wool should be dutyfree."—Congressional Debates, vol. 9, page 1174. It would be easy to multiply quotations, but the above will suffice. PROSPEROUS CONDITION OF THE FINANCES UNDER A WHIG TARIFF AND THE MEASURES OF A WHIG CONGRESS. The following is the comparative statement of the receipts from customs at the port of New York for She first six months of 1843 and 1844 : 1843. 1844. January - - - $548,056 39 $1,876,614 68 February - - - 492,215 39 2,169,110 18 March - - - 967,148 48 1,698,527 72 April - - - 1,033,263 71 1,890,626 68 May - - - 950,843 43 1,868,674 56 June - - - 654,743 74 1,918,044 15 Total ^ - - $4,646,271 14 $11,421,597 89 Here is the highly gratifying fact, that under the Whig tariff the revenue for the first six months of the present year is more than double the amount received duiing the corresponding period of the last year! For the port of New York alone the increase is nearly seven millions of dollars.' If the increase at other points corresponds, as it has done hitherto, with the increase at New York, the total revenue for customs during the present year will fall but little short of forty millions of dollars. And this, too, under a tariff ■which the Polk and Free Trade party predicted would ruin the commerce and drain the public treasury! Where are these false prophets now ! At the same time that the revenues of the General Government have increased so largely, the expendi¬ tures, thanks to the economizing spirit introduced by the Whig Congress of '42 '43, have been materially reduced. Under the spendthrift and corrupt administration of Martin Van Buren, the national expendi¬ tures were swollen to an average of more than thirty-eight millions of dollars a year. They are now- brought down to about twenty millions. There will be a surplus, therefore, in the Treasury at the end of the year, of seventeen or eighteen millions, applicable to the payment of the outstanding Van Buren debt. This is an improvement in the financial affairs of the Government, only equalled by that •which has taken place in the general condition of the country. During Mr. Van Buren's presidency, the federal expenditures constantly exceeded the revenues. At the close of his term the balance against him was something like thirty-four millions of dollars. This debt was the legacy which he bequeathed to the Whig Congress. One of the first acts of that Congress was to adopt measures for replenishing the pubjic treasury and restoring the prosperity of the people. 6 * Tho tariff of 1842 wns the instrument upon which they relied to secure both these gTeat objects. And how gloriously has it fulfilled their most sanguine expectations! Yet, notwithstanding the beneficent influence which the tariff exerts upon the industrial interests of the whole country—notwithstanding the substantial fruits, in the shape of revenue, which it has already yielded, and will continue to yield, to the General Government—James K. Polk and his partisans clamor for its repeal! We ask the farmers, the mechanics, the laboring men of the country, if they will consent to give up this great national restorative at the bidding of political quacks and empirics'! One of the principle topics of denunciation against the Whig tariff of 1842 was: " It raised the rates of duties so high as to shut out imports, and consequently to cut off and diminish revenue." Such was his declaration in his speech at Jackson, in April, 1843; and at the same time he ventured the prediction that—"It (the tariff of 1842,) will not produce annually half the amount of rtvenue which would have been produced by the lower rates of the compromise act, hud that act been left undis¬ turbed." The actual results show what pretensions Col. Polk has to consideration for sound reasoning or sagaci¬ ty. Have imports been "shut out!" Has the revenue been "cutoff or diminished V' Passing over the evidence which we have repeatedly- adduced of the steady increase of the revenue, what is the very last exhibit at New York ! From the foregoing extracts, it must be perciived that James K- Polk stands in opposition to the ex-* isting tariff, which protects our citizens against the pauper labor of Europe—which has reduced the prices of almost every article of general use among the people—which affords ample revenue for the economical administration of the Government—which has turned the balance of trade in favor of our country. By the beneficial operation of the present tariff, tho trade has been turned in our favor; and, instead of an annual balance against us of §40,000,000, or $60,000,000, the commercial document, which will soon tie published, will exhibit about §26,000,000 in our favor, and $20,000,000 of that in specie. Official docu¬ ments show, that the importations of specie for the last year were §23,000,000, and the exports §3,000,000 a clear balance in our favor, in specie, of §20,000,000. We ask every farmer and mechanic and pro fessional man throughout the whole land, to bear witness to this happy result of the tariff And this ie the system that the Democratic party would break down, and let in foreign goods, ruin our domestic man¬ ufactures, and involve the country again in debt and irretrievable embarrassment. But Col. Polk and the Democracy are for restoring the compromise tariff of the 2d of March, 1833 t What observer of public affairs must not be forcibly struck with the course now pursued by the Rich¬ mond Enquirer and the Democracy as tegards the compromise, which, at the time of its passage, was de¬ nounced as not conceding enough to the south, and declaied that they would not regard the question fairly settled until it was brought down to the revenue standard. But, " a change has come o'er the spirit of their dreams," as they now declare that same abused and much abused compromise, the " bargain and bond" in reference to the tariff question. This very " bond" that was vilified with all the rancor that party malevolence could invent. THE EXPENDITURES, APPROPRIATIONS, SURPLUS REVENUE, AND LIQUIDATION CF THE PUBLIC DEBT. In the Senate, Mr. Evans, chairman of the Committee on Finance, made an interesting and highly satisfactory expose of the state of the finances of the country. He stated that a public loan of §5,672,000 would fall due on the first day of January next. The Committee on Finance had not deemed it neces¬ sary to make any special provision for the payment of this loan, and he would state the reason. There was on hand, on the 1st of June instant, not embracing the receipts of the preceding week, §6,500,000; and he estimated that there would be an available balance in the Treasury, on the 1st of July, of §7,700,000. Many, he said, thought, at the commencement of the present session, that there would be a deficit ire the Treasury of four millions and a half of dollarsinstead of which we had a surplus of seven mil¬ lions seven hundred thousand dollars. The receipts into the Treasury, up to the 30th June, for the present fiscal year, would be, from customs, &c., §25,612,000, and from the sales of the public lands, §1,900,000—total $27,512,000 The expen¬ ditures for the same time would be about §20,000,000, leaving an excess of receipts over the expenditures of §7,500,000. It was the first time in many years that the receipts had, -not fallen short of the ex¬ penditures. Mr. Evans then went on to show what would be the condition of the Treasury on the 1st of January next. The total receipts of the calendar year, up to the 1st January, be estimated at - §31,659,249 And the expenditures at 21,756,529 Which would leave a balance of §9,902,72® gay ten millions, in the Treasury on the 1st January next In the meantime, Treasury notes would be falling due to the amount of something more than two mil¬ lions. These, and the loan above mentioned, will make a sum total of §8,000,000, which, deducted froux the surplus on hand, will still leave a balance in the Treasury of two millions of dollars. The public debt now amounts to §23,391,140—after paying off the loan and the Treasury notts falling due, it will be, on the first of January next, about fifteen millions of dollars, Mr. E. expressed a decided 7 opinion that the tariff act of '42, left to its fair operation, would yield a revenue, with the land sales, of ¥25,000,000. This will be more than will be wanted for a series of years to come, the appropriations this year being only $ 18,000,000. The ordinary expenses, he thought, need not exceed $20,000,000 a year. This would leave an annual excess of $5,000,000, and enable Congress to make such disposition of the proceeds of the sales of public lands, as may be demanded by the popular voice. who is for, and who against the tariff ? The attempt of the Loco Focos to play the double game representing Mr Clay as being for the Tariff at the North and against it at the South, and, at the same time, of making this very pretension for Mr. Polk, is the most absurd and weak of all their efforts in this campaign to infuse something like vitality into their death-stricken party. Every body can see through it at a glance, and every body will do so. James K. Polk is utterly opposed to, and, if there be truth or honor in him, is irreversibly pledged, on principle, to repeal, if his influence can do it, the Tariff of 1842. He is opposed to the principle of Protection of American industry, incidentally or directly. He is for such a Tariff as will raise just money enough or a very small and economical revenue expenditure, and not one farthing more. And yet feeling " the shoe pinch," his desperate adherents are trying to delude the people into the belief that he is in favor of Protection, after all ! # Ashi.and, 29th Jane, 1844. Winchester, May 29, 1843. Dear Sir : I have received your favor, stating To the u of ?ennessee. tnat our political opponents represent me as being a friend to protection at the North, and for free The object which I had in proposing to Governor trade at the South : arid you desire an expression Jones, at Carrollville, on the 12th April last, that of my opinion under my own hand, for the purpose we should each write out and publish our views of correcting this misrepresentation. I am afraid and opinions on the subject of the Tariff, was that that you will find the effort vain to correct misrep- our respective positions might be distinctly known resentations of me. Those who choose to under- and understood by the people. That my opinions stand my opinions can have no difficulty in clearly were already fully and distinctly known, I could comprehending them. I have repeatedly express- not doubt. I had steadily, during the period I was •ed them as late as this spring, and several times in a representative in Congress, been opposed to a answer to letters from Pennsylvania. My opin- protective policy, as my recorded votes and pub- ions, such as they are, have been recently quite as lished speeches prove. Since I retired from Con- freely expressed at the South, as I ever uttered gtess I had held the same opinions. In the present them at the North. I have every where maintain- canvass for Governor I HAD AVOWED MY OP- ed that in adjusting a Tariff for revenue, discrimi- POSITION TO THE TARIFF ACT OF THE nations ought to be made for Protection ; that the LATE WHIG CONGRESS, as being highly pro- Tariffof 1842 has operated most beneficially, and tective in its character and not designed by its au- that I AM UTTERLY OPPOSED TO ITS RE. thors as a revenue measure. I had avowed my PEAL, 'these opinions were announced by me at opinion in my public speeches that the interests public meetings in Alabama, Georgia, Charleston of the country, and especially of the producing and in South Carolina, North Carolina, and in Vir- exporting States, REQUIRED ITS REPEAL, ginia. * and the restoration of the principles of the compro- Your friend and ob't s'vt, H. CLAY. mise tariff act of 1833. Mr. Fred. J. Cope, Pittsburgh, Pa. JAMES K. POLK. We present our readers with a short extract from Mr. Polk's address to the people of Tennessee, of April 3d, 1839, (printed at Columbia, Tennessee, Mr. P.'s own residence.) On page 7, we find the fol¬ lowing paragraph : " In repeated instances, he (Gen. Jackson) recommended modifications and reductions of the Tariff with a view to the final abandonment of the odious and unjust system. So effectual were these recom¬ mendations, and so rapid the change of public opinion, that the friends of the tariff, and even Mr. Clay, its imputed father, seized on a favorable moment to save the whole from destruction by a timely compro¬ mise. It was the defence of Mr. Clay with his friends at the North, that by yielding a part he prevented the destruction of the whole, and in their continued and devoted support of him, the Northern capitalist have shown that they are grateful for the fortunate rescue." Mr. Clay has most explicitly defined his position on the subject; and it was done, too, in the face of the nullifiers of South Carolina. He had ever been in favor of the protective system to a certain extent To preserve at once the peace and the great interests of the country, he had been active in effecting the compromise of 1833. Mr. C. denied that the principle of the compromise required the maximum rate of duty to be fixed at 20 per cent.—its true principle was, that no more revenue should be raised than was necessary for an honest and economical administration of the Government, and within that limit there might be discrimination in favor of domestic industry. Mr. C. concludes this branch of his subject, by declaring himself in favor of a system of protection, moderate, reasonable, certain, and durable.—Speech at Charleston, S. C., April, 1h44. If this is not plain language, we know not what is—comment cannot be necessary. A revenue tariff is defined by the clearest terms language is capable of. We love to try men by their actions. When Mr. Polk tells us he is in favor of " such moderate discriminating duties as would produce the amount of revenue needed, and at the same time afford reason- 8 able incidental protection to our home industry," we are left in the dark ; for wo cannot tell how much or how little protection he thinks reasonable. We are much obliged to Mr. Polk, therefore, for referring us to his acts. He tells us he voted against the tariff of 1828. He voted for the act of 1832, which was an act to reduce the tariff. And in December, 1832, he voted for further reductions of the tariff. He then, in common with all the anti-tariff, and all but the extreme tariff men, voted for the Compromise act, which also reduced duties. We thus see that Mr. Polk has, invariably, voted against protection—never for it. This is from his own lips. col. polk supports the propositions to impose a duty of twenty-five per cent. on cotton fabrics, and a duty on tea and coffe and salt. While the Locofoco nominee for the Presidency, is the advocate of Free Trade, and the uncompro¬ mising oponent of the protective policy, so far as it relates to the common articles of wear, used by the poor and laboring classes, he is, as he always has been, for taxing tea and coffee at such a rate, as to place it beyond the power of the poor, to purchase these articles. Mr. Polk was a member of the Committee of Ways and Means, in the House of Representatives, in 1832, and signed a report which bears date of December 28 of that year, which says : , " The committee perceiving no sufficient reason why the consumers of foreign luxuries should not pay their shares of the public burdens, propose to raise the rates of duties upon silks nearer to the average rates of duties imposed by the bill, than they now are under the act of 1832. They also propose to fix a moderate specific duty, equal to about 20 per cent, on the value upon teas, and also upon eoffte, which were made wholly free of duty by the act of the last summer." We ask the admirers of Col. Polk to recollect a portion of Congressional history in relation to the tariff question. The tariff act of 1832, for which James K. Polk voted, contained a provision imposing a duty of 25 per cent, on cotton fabrics, (the shirt of the poor man, according to the Locofoco orators 1) and on salt a tax of ten cents a bushel—only 8 by the " Black Tariff," the act of 1842 ! When the bill, reported from the Committee of Ways and Means, (of which Col. Polk was a member.) was considered in the House of Representatives, December, 1832, a motion was made to strike out the duty of twenty per cent, on tea, and Mr. Polk was found among the sixty-two negatives ; and on motion to strike out the duty of one cent per pound on COFFEE, Mr. Polk was in company with 57 negatives. Now be it remembered, that Mr. Clay, in his Compromise bill of 1833, so far from proposing a tax upen articles of prime necessity, as tea and coffee, (which were made duty free by the act of July, 1832,) increased the list of free articles- And the whig tariff of 1842, denounced by Mr. Polk, made tea and coffee duty free, and reduced the duty on salt to eight cents a bushel. locofoco party in favor of raising revenue for the support of the federal government by direct taxation, instead of adopting the impost system. " Mr. Smith, of Va., followed Mr. Summers. After pointing out the various modes by which Govern¬ ment could raise revenue, expressing his preference for*a system of internal taxation," rency of the country ; and we shall find Mr. Van Buren's opinions undergoing every variety of change, and varying from the strongest expressions of regard and confidence in ; Banks, to the extreme of distrust and denunciation. After Gen. Jackson vetoed the Bank Bill, Mr. Van Buren took strong ground against: that institution. In October, 1832, in his letter to the Shocco Springs Committee, he says : " I am unreservedly opposed to a renewal of the charter of the United States Bank, and approve of the refusal of the President to sign tho bill passed for that purpose, as well on account of the unconstitution¬ ality, as tho impolicy of its provisions." (Holland's life of V. B. page 300.} POH THE PET BANK STSTEM. When this avowal was made, Gen. Jackson had taken strong ground against the V. S. Bank, and Mr. Van Buren, who was then seeking to " follow in his footsteps," was- but re-echoing the opinions of the President. After the removal of the deposites, (which. Mr. Van Buren of course approved, as he did of every thing Gen. Jackson did,) the Pet Bank deposite system was adopted. Mr. Van Buren being then Vice President, we have no opportunity of hearing from him until his famous letter to Sherrod Williams ap¬ peared in August, 1836. We then find him strongly eulogising the State Banks, for giving us a good currency and for regulating exchanges, and confidently predicting their success. lie contended that the Deposite Banks performed a much greater amount of 'domestic exchanges than the United States Bank, and says : I " It further appears that these exchanges have in many cases been effected at lower rates by the Deposite Banks, than by the United States Bank." In speaking of the currency, he says : • \ " It will not even now, I think, be seriously denied, that the increase of the gold coinage and the facili¬ ties of getting that species of coin, together with the larger denomination of notes issued by the leading State Banks, are abundantly sufficient for those purposes, and that they can be quite as conveniently employed in them." In speaking of the safe keeping and transfer of the public money, he says : " The official reports of the Secretary of the Treasury show, first, that the average amount of money annually transferred by the Bank of the United States from 1820 to 1823, was from ten to fifteen millions of dollars; and the amount transferred by the Deposite Banks from June 1835 to April 1836, or about tea months, over seventeen millions of dollars. In both cases, the operation has been without loss, failure, or expense. And it further appears from the same source, that at no previous period has the safety of the public moneys been more carefully or securely provided for. An examination of official documents will, 1 am well satisfied, fully sustain these positions. What foundation, then, was there for the assumptions upon this part of the subject which were put forth with so much solemnity, and insisted on with so much earnestness, in the early discussions upon the subject of the bank ! If so much has been done in this respect, whilst the substituted agency has had to contend with the most powerful opposition that was ever made upon any branch of the public service, what may we not expect from it now when it has received the legislative sanction ; and if there be not gross dereliction of faith and duty, when it must also receive the support of all parties." Here we find Mr. Van Buren contending that the State Banks answered all the requi¬ site purposes of safekeeping and transferring the public moneys, as well as of regulating the exchanges and supplying a currency. TURNS AGAINST THE PET BANK SYSTEM. Mr. Van Buren was elected to the Presidency, but scarcely had he got comfortably seated in the chair of State, before those very Deposite Banks, which he had so much bespattered with his praises, when he was seeking to render them popular with the peo¬ ple, exploded with a tremendous crash, fully verifying by so doing, all that had been pre¬ dicted of them by the Whigs ; while at the same time they made the Government unable to meet its engagements, and covered with confusion and disgrace, those who had recom¬ mended them to the favor of the public. Mr. Van Buren finding himself unable to row the Government along with his broken oared Pet Bank system, convened an extra session of Congress on the 5th September, 1837, and recommended the Sub-Treasury as a panacea for the evils he and his friends had brought upon the country by his Pet Banks, and put up most lugubrious complaints against the very scheme which the year before he had so zealously lauded—hear him ; " Local banks have been employed for the deposite and distribution of the revenue, at all times partially,, and on three different occasions exclusively ; first, anterior to the establishment of the first Bank of the United States; secondly, in the interval between the termination of that institution and the charter of its successor; and thirdly, during the limited period which has now so abiuptly closed. The connexion thus repeatedly attempted, proved unsatisfactory on each successive occasion, notwithstanding the vaiious mea¬ sures which were adopted to facilitate or insure success." « * * " Already are the bank notes now in circulation greatly depreciated, and they fluctuate in value between one place and another, thus diminishing and making uncertain the worth of property and the value of labor, and failing to subserve, except at a heavy loss, the purposes of business. With each succeeding day the metallic currency decreases." NETEH DOUBTED THE UTILITY Or STATE BANKS. We have seen Mr. Van Buren opening his batteries against the State Banks, but the elections of 1837 and 1838, led him to believe that his popularity was not increased by this course. We therefore find him in his message of December, 1838, taking another tack—rather disposed to praise the State Banks again—disclaiming any hostility to them, and by all means endeavoring to make fair weather with them and their friends. lie says : "It will not, I am sure, be deemed out of place for me here to remark, that the declaration of my views in opposition to the policy of employing banks as the depositories of the Government funds, cannot justly be construed as indicative of hostility, oficiul or personal to those institutions, or to repeat in this form, and in connexion with this subject, opinions which I have uniformly entertained, and on all proper occa¬ sions expressed. Though always opposed to their creation in the form of exclusive privileges, and as a State magistrate aiming by appiopriate legislation to secure the community against the consequences of 8 their occasional mismanagement, I have yet ever wished to see them protected in the exercise of rights con¬ ferred by law, and have never dochted their utility, when properly managed, in promoting the interests of trade, and through that channel the other interests of the community." # • * denounces ale banks. During the progress of events, Mr. Van Buren was hoisted out of the presidential mansion in 1840 by an overwhelming majority of the people. Attributing, as no doubt he did, his humiliating defeat to his financial experiments, and to his indirect hostility to the State banks, he now casts off all reserve, and again, chamelion-like, comes out in another color. This time he runs up the red flag of extermination to all banks, as at present organized, and tries to avert against them that mighty torrent of public indigna¬ tion which had so thoroughly swept him and his partisans from office, and which was fast covering them beneath the sands of popular contempt. In his letter, dated 15th February, 1843, to the Indiana committee, he indulges in no measured strains of denun¬ ciation. Listen to the awful thunders of his pen : " I am opposed to the establishment of a National Bank in any form, or under any disguise, both on constitutional grounds, and grounds of expediency." * * * " The manufacture of paper money has been attempted in every form, it has been tried by individuals, been transferred to corporations by the States, then to corporations by Congress, engaged in by the States themselves, and has signally failed in all. It has in general, proved not the handmaid of honest industry and well regulated enterprise, but the pampered menial of speculation, idleness, and fraud. It has cor. rupted men of the highest standing, almost destroyed the confidence of mankind in each other, and dark¬ ened our criminal calendar with names that might otherwise have conferred honor and benefit on the country. There is strong ground for believing, that such a system must have some innate incurable defect, of which no legislation can divest it, and against which no human wisdom can guard, or human integrity sustain itself." DECLARES BANKS ALWAYS WILL EXIST. Terms of reproach against banks, whether State, national, or individual, of a stronger character than those just quoted, could scarcely be used. To an ordinary mind it would appear that the next remark which Mr. Van Buren would make, would be to declare himself opposed to banks and paper money of all sorts and discriptions. Does he do it ? Has he ever done it? No, sir, he has studiously avoided expressing any such opinion. On the contrary, the very next sentence following the one last quoted, is the following: " The history of the past, hovjever, leaves little room for doubt, that paper money in some form will,. notwithstanding, continue to fobx a paiit of the circulating medium of the country." Nor is this a casual or merely incidental remark, for he had previously expressed the same opinion. Here are extracts from his messages: "The Constitution, however, contains no such prohibition, and since the States have exercised for nearly half a century the power to regulate the business of banking, it is not to be expected that it wilt" be abandoned."—Message, Sept. 5, 1837. " In a country so commercial as ours, banks in some form will probably always exist."—Message, 2 Williams—21. TARIFF OF MAY 19, 1828. April 22, 1828, passed the House of Representatives: yeas 105, nays 94. (See Journal 1st session 20th Congress, page 607.) Yeas: New Hampshire—Titus Brown, Jonathan Harvey, Joseph Healy, Thomas Whipple, jr.; Mas¬ sachusetts—Benjamin W. Crowninsfield, Henry W. Dwight; Rhode Island—Tristam Burges; Connec¬ ticut—John Baldwin, Noyes Barber, Orange Merwin, Elisha Phelps; Vermont—Daniel A. A. Buck, Jonathan Hunt, Rollin C. Mallary, Benjamin Swift, George E. Wales; New York—Daniel D. Barnard, George O. Belden, Rudolph Banner, Samuel Chase, John C. Clark, John J. De Graff, Jonas Earll, jr., Daniel G. Garnsey, Nathaniel Garrow, S. R. Hobbie, Michael Hoffman, Richard Keese, John Magee, Henry Marked, Henry C. Martindale, Dudley Marvin, Henry R. Storrs, John (1. Stowcr, Jamos Strong-, ■ John W. Taylor, Phincas L. Tracy, Stephen Van Rensselaer, John J. Wood, Silas Wood, John D. Dickinson. David Woodcock, Silas Wright, jr.; Nevj Jersey—Lewis Condict, Isaac Pierson, Samuel Swan, Hedge Thompson, Ebenczer Tucker; Pennsylvania—Samuel Anderson, Stephen Barlow, James Buchanan, Richard Coulter, Chaunccy Forward, Joseph Fry, Innis Green, Adam King, Joseph Law¬ rence, S. McKean, Daniel H. Miller, Charles Miner, John Mitchell, Robert Orr, jr., William Ramsey, John Sergeant, James S. Stevenson, John B. Sterigere, Andrew Stewart, Joel B. Sutherland, Espy Van Horn, James Wilson, George Wolf; Delaware—Kenscy Johns, jr.; Maryland—Peter Little; Virginia— William Armstrong, Isaac Leffler, Lewis Maxwell; Kentucky—Richard A. Buckner, Thomas Chilton, James Clark, Henry Daniel, Joseph Lecompte, Robert P. Letcher, Chittenden Lyon, Robert M. Hatton, Thomas Metcalfe, Thomas P. Moore, Charles A. Wickliffe, Joel Yancey; Ohio—Philemon Beecher, William Creighton, jr., John Davenport, James Findlay, William McLean, William Russell, John Sloane, William Stanberry, Joseph Vance, Samuel F. Vinton, Elisha Whittlesey, John Woods, John C. Wright; Indiana—Thomas H. Blake, Jona. Jennings, Oliver H. Smith; Illinois—Joseph Duncan—105. Nats: Maine—John Anderson, Samuel Butman, Rufus Mclntire, Jeremiah O'Brien, James W. Ripley, Peleg Sprague, Joseph F. Wingate; New Hampshire—David Barker, jr., Ichabod Bartlett; Massachu¬ setts—Samuel C. Allen, John Bailey, Isaac C. Bates, John Davis, Edward Everett, Benjamin Gorham, James L. Hodges, John Locke, John Reed, Joseph Richardson, John Varnum ; Rhode Island—Dutee J- Pearce; Connecticut—R. I. Ingersoll, David Plant; New York—C. C. Cambreleng, John Hallock, jr., Jeromus Johnson, Thomas J. Oakley, G. G. Verplanck, Aaron Ward; Maryland—Clement Dorsny, Levin Gale, John Leeds Kerr, George C. Washington, John C. Weems; Virginia—Mark Alexander, Robert Allen, William S. Archer, P. P. Barbour, N. H. Claiborne, Thomas Davenport, William McCoy, Charles F. Mercer, Thomas Newton, John Randolph, William C. Rives, John Roane, Alexander Smythe, John Taliaferro, James Trezvant; North Carolina—Willis Alston, Daniel L. Barringer, John H. Bryan, Samuel P. Carson, Henry W. Conner, John Culpeper, Thomas H. Hall, Gabriel Holmes, John Long, Lemuel Sawyer, Augustine H. Shepperd, Daniel Turner, Lewis Williams; South Carolina—John Car¬ ter, Warren R. Davis, William Drayton, James Hamilton, jr., William D. Martin, George McDuffie, William T. Nuckolls, Starling Tucker; Georgia—John Floyd, Tomlinson Fort, Charles E. Haynes, Wilson Lumpkin, Wiley Thompson, Richard H. Wilde, George K. Gilmer; Tennessee—John Bell, John Blair, David Crockett, Robert Deshs, Jacob C. Isacks, Pryor Lea, John H. Marable, James C. Mit¬ chell, James K. Polk; Louisiana—William L. Brent, Henry H. Gurley, Edward Livingston; Alabai:a— John McKee, Gabriel Moore, George W. Owen; Missouri—Edward Bates; Mississippi—William Haile—94. May 13, 1828, passed the Senate by the following vote; yeas 26, nays 21. (See Journal of the Senate, 1st session 20th Congress, page 410.) Yeas: Massachusetts—Daniel Webster; Rhode Island—Nehemiah R. Knight; Connecticut—Samuel A. Foot, Calvin Willey; Vermont—Dudley Chase, Horatio Seymour; New York—Nathan Sandford, Martin Van Buren.- New Jersey—Mahlon Dickerson, Ephraim Bateman ; Pennsylvania—Isaac D. Barnard, William Marks ; Delaware—Louis McLane, Henry M. Ridgley; Kentucky—Richard M. Johnson, John Rowan ; Tennessee—John H. Eaton; Ohio—William H. Harrison, Benjamin Ruggles; Louisiana—Dominique Bouligny ; Indiana—William Hendricks, James Noble ; Illinois—Elias K. Kane, Jesse B.Thomas; Missouri—David Barton, Thomas H. Benton—26. Nats: Maine—John Chandler, Albion K. Parris; New Hampshire—Levi Woodbury; Massachusetts —Nathaniel Silsbee ; Rhode Island—Asher Robbins ; Maryland—Ezekiel F. Chambers, Samuel Smith ; Virginia—Littleton W. Tazewell, John Tyler; North Carolina—John Branch, Nathaniel Macon;. South Carolina—Robert Y. Hayne, William Smith; Georgia—John M. Berrien, Thomas W. Cobb; Tennessee—Hugh L. White ; Louisiana—Josiah S. Johnston ; Alabama—William R. King, John, McKinley; Mississippi—Powhatan Ellis; Thomas H, Williams—21. SPEECn OF THE HON. JOHN WHITE, OF KENTUCKY, IN DEFENCE OF MR. CLAY, UPON THE CHARGE OF BARGAIN AND SALE." DELIVERED IN THE HOUSE OF REPRESENTATIVES, U. S., APRIL 23, 1844. The House being in Committee of (he Whole on the Tariff bill, Mr. Hopkins, of Virginia, in the Chair, Mr. White said, if, on the present occasion, he should deviate from his uniform practice of confining himself strictly to the subject matter under debate, and occupy the attention of the Committee upon other topics, instead of the merits of the bill under consideration, he hoped he would be excused—referring, as an apology therefor, to the course of debate upon several previous bills, on which political speeches had been made by gentlemen on the other side of the House—and he hav¬ ing once or twice obtained the floor in reply to them, but having as often yielded to accommodate others, and deferred his privilege from time to time, he now felt called upon, by an imperative sense of pub¬ lic duly, to engage in this debate. The extraordinary course of gentlemen on the other side, and the repeated assaults and slanders ut¬ tered in debate on this floor, and libels published over the signature of members of (his body against a distinguished citizen of his own State, left him no alternative. Mr. W. said, he was not one of those who denied the privilege or propriety of fair and just criticism upon the political principles and services of public men. In his judgment, no higher duly devolved on a member of Congress than, upon fit occasions, to discuss the public conduct and'character of aspirants to the Presidency of the nation—of men looking to the highest stations in this great Republic. At the same time he was one of those, who, neither here or elsewhere, would at any time assail the private reputation of any public man, to secure any party or political advantage. He cherished and honored the sen¬ timent of the nolle Spaniard, who said, "write the private faults of men in sand—their public virtues on brass." He was not one of those who, after the example of the boasting Pharisee, " thanked his God he was better than other men." He contented himself to prefer the character of the humble Publican, whose constant and fervent prayer was, " Lord be merciful to me a sinner!" He said lie had been nau¬ seated willi the exhibitions of mock morality and religion on this floor. Day after day, he had been compelled to listen to tirades of defama¬ tion upon the greatest and best men of the age—uttered by canting hypocrites—whited sepulchres—interlarding self-praise and glorifica¬ tion—sickening to the heart of every generous and patriotic man. It has been truly said by an able divine, " were the faults of the best man that lives written upon his forehead, he would not dare show him¬ self in society." Were the sins of the purest man in this body, among those who have dealt most lavishly in their slanders upon good men's names, written upon his forehead, Mr.W. said, he doubted not it would be as black as Lucifer. He abhorred and despised the hypocrite who "stole the livety of the court of Heaven to serve the Devil in. Of all the reprobates, none seemed maturer for the flames of Hell." He regretted the necessity of these remarks. The conduct of others compelled theiri. It was no part of his nature to assail any one. His Rented at Gideon's Office, Ninth street, Washington. o purpose in addressing the committee was not to attack, but to defend. It was not his ambition to fill the character of a Thersites at any time. It was not his purpose on the present occasion to assail the public con¬ duct, even, of any man in this House, or out of it, except so far as it may be indispensably necessary in the defence of the great Whig lea¬ der. If ever there should be a time when he might feel himself cal¬ led upon to " carry the war into Africa," now was not the time, al¬ though provocation had been heaped upon provocation. Without any spirit of idle boasting, he told his political opponents that he consider¬ ed them a doomed party. Feeling so, feeling that yon, sir, (said Mr. W., addressing the Chairman,) that the party advocating the princi¬ ples you advocate, are doomed, it is in no vindictive spirit that I make the remarks I am about to address to the committee. The adage, " He whom the Lord intends to destroy, he fir3t makes mad," was never more forcibly illustrated than by you and your party. Go back, said Mr. W., (o the opening of this Congress; look upon your Journal; see what you have done. Go trace the desecration of thatmstru- ment, which the Constitution of your country (that you have solemn¬ ly sworn you would support) requires to be kept sacred ; go and con¬ template the destructive spirit of nullification in that act; go and lead the record of a law of the land, enacted in conformity with all the requirements of the Constitution, trodden under foot by an arbitrary and ruthless act of a majority of this body. Go read your doom in your conduct on the repeal, and in the manner of the repeal, of that most just and beneficent act passed for the distribution of the proceeds of the public lands. Go read it in your bill, repoited by your Committee of Ways and Means, for the restoration of that odious, monarchical, condemned, four times condemned, sub-Treasury measure. Then come, said he, and read your fate in this monger now under consideration before this committee, which you offer as a substitute for the Tariff act of 1842, whose beneficial influences the whole people see and feel in the restored credit, public and private, the revived trade, and confirmed piosperity of the country. All these acts are your political whiding-sheets. You have prepared them for yourselves, and the American people are ready, by an over¬ whelming voice, to pronounce your doom. Mr. W. said, without detaining the committee any longer with pre¬ liminary remarks, he would proceed to notice the charges of bargain and sale revived against the distinguished leader of the Whig party. In the execution of this task, it became his painful duty to notice a let¬ ter of his colleague, (Mr. Boyd.) It was the first time in his service on this floor that it had fallen to his lot to be engaged in political argu¬ ment or collision with any of his colleagues. Nothing could be more unpleasant to him. He now asked the attention of his colleague, the Chairman of the Committee, (Mr. Hopkins,) and of his colleague, (Mr. Coles,) whilst he read a document to which their names were at¬ tached. [Mr. W. then read a letter (written by his colleague, Mr. Bovm, to Messrs. Hopkins and Coles, of Virginia,) published in the Richmond Enquirer, reviving the " charge of bargain and sale," between Mr. Clay and Mr. Adams, growing out of the Presidential election of 1824.] He wished the calm attention of these gentlemen and the commit¬ tee, whilst he examined into and exposed the infamy of this foul libel. He would say a word as to the time and circumstances of writing that letter. It was written and published, and that too, be it remembered, 3 by a Kerttuckian, when it was known that the distinguished man on whom it bore, was on the borders of an ad joining State, travelling as a private citizen, and was to pass into the "Old Dominion," within a few days—at a time when it would naturally be supposed that all ma¬ lignity and ascerbity of party feeling would be laid aside, and that all the hospitalities of his native State would be extended to him without distinction of party—just at that particular moment his colleague and his partners had chosen to revive, revamp, and republish this old and exploded charge of " baigain and sale." Mr. W. said, he would now proceed to the consideration of this charge of" bargain and sale." He would not stop to demand proof, as he might do, or take judgment by default, against the accusers, and of acquittal for the accused; but he would assume to prove a negative— the most difficult of all things to do ; yet, he flattered himself in this instance he could do it inost successfully ; and he would do it, not simply from the declarations of Mr. Clay, and those connected with him in the imputed guilt, but out of the mouths of his enemies he would xefute, this base slander. In order to a proper understanding of the case, and an intelligible application of the proof, it is necessary to begin with the origin of the charge, and trace its histoiy down to the docu¬ ment, now, the subject of my remarks. The following is the first re¬ sponsible publication of the charge: "A CARD.—George Krkmer, of the House of Representatives, tenders his respects to the Hon. " H. Clay," and informs him, that by reference to the Editor of the Columbian Observer, he may ascertain the name of the writer of a letter of the 2fith ultimo, which it seems has af¬ forded so much concern to "H. Clay." In the mean time, George Kremer holds himself ready to prove, to the satisfaction of unprejudiced minds, enough to satisfy them of the accuracy of the statements which are contained in that letter, to the extent that they concern the course and conduct of " H. Clay." Being a representative of the people, he will not fear to " cry aloud and spare not," when their rights and privileges are at stake." Mr. W. then rend an extract from the proceedings of the House of Representatives, 3d February, 1825, as follows: " After the usual business of the morning was transacted, the Speaker (Mr. Cr. ay) rose from his place and requested the indulgence of the House for a few moments, whilst he asked its attention to a subject in which he felt himself deeply concerned. A note had appeared this morning in the National Intelligencer, under the name and with the authority, as he presumed, of a member of this House from Pennsylvania, (Mr. Kremkr,) which adopted as his own a previous letter, published in another print, containing serious and injurious imputations against him, and which the author avowed his readiness to prove. These charges implicated his con¬ duct in regard to the pending Presidential election ; and the respectability of the station which the member holds, who thus openly prefers them, and that of the people whom he represents, entitles them to your consideration. It might, indeed, be worthy of consideration, whether the character and dignity of the House itself did not require a full investigation of them, and an impartial decision on their truth. For if they were true—if he were capable and base enough to betray the solemn trust which the Constitution has confided to nim—if, yielding to personal views and considerations, he could compromit the highest interests of his country, the House would'be scandalized by his continuing to occupy the chair with which he had been so long honored in presiding at its deliberations, and he merited instantaneous expulsion. Without, however, presuming to indicate what the House might conceive it ought to do, on account ot its own purity and honor, he hoped he should be allowed respectfully to solicit, in behalf of himself, an inquiry into the truth of the charges to which he referred. Standing in the relation to the House which, both the member from Pennsylvania and himself did, it appeared to him here was the proper place to institute the inquiry, in order that, if guilty, here the proper pun¬ ishment might be applied ; and if innocent, here his character and conduct might be vindicated. He anxiously hoped, therefore, that the House would be pleased to direct an investigation to be made into the truth of the charges. Emanating from the source they did, this was the only notice which he could take of them. If the House should think proper to raise a committee, he trusted some other than the ordinary mode pursued by the rules and the practice of the House, would be adopted to appoint the committee." " On the conclusion of his address, the Speaker left the Chair, which was taken by Mr. T ayi.or. "Mr. Forsyth, (of Georgia,) then moved that the communication, which had been just made to the House by the Speaker, be entered on the Journals; that a select committee be ap¬ pointed to investigate the business, and that that committee be chosen by ballot. 4 " Mr. Kremer, (of Pennsylvania,) rose to express his entire acquiescence in, the course taken by the Speaker. He was not disposed to shrink from the consequences of his communi¬ cations. He wished the inquiry to be made; and he was prepared to meet it, let the stroke fall where it may." Mr. W. the 11 rend from the proceedings of the House Representa- tatives, February 7, 1825. "A committee of seven was chosen, by ballot, on the appeal of the Speaker, (Mr. Clay,) to the House. It consists of— "P. P. Barbour, of Virginia, Mr. Webster, of Massachusetts, Mr. McClarv, of Delaware, Mr. Taylor, of New York, Mr. F'orsyth, of Georgia, Mr Saundeis, of North Carolina, Mr. Rankin of Misssissippi. " On the 9th of February, 1825, Mr. P. P. Barbour, from the select committee, made the following report, which was laid on the .table and ordered to be printed : " The select committee, to whom was referred the communication of the Speaker of the 3d instant, report: That, upon the first meeting, with a view to execute the duty imposed upon them by the House, they directed their chairman to address a letter to the Hon. George Kremer, informing him that they would be ready, at a particular time therein stated, to re¬ ceive any evidence or explanation he might have to offer, touching the charges referred to in the communication of the Speaker of the 3d instant. Their chairman, in conformity with this instruction, did address such a letter to Mr. Kremer, who replied that he would make a com¬ munication to the committee. Accordingly he did send to them a communication, which ac¬ companies this report, marked A, in which he declines to appear before them, for either of the purposes mentioned in their letter, alleging that he could not do so, without appearing either as an accuser, or as a witness, both of which he protests against. In this posture of the case, the committee can take no further steps They are aware it is competent for the House to invest them with powers to send for persons and papers, and by that means to enable them to make an investigation, which might be thought necessary ; and if they knew any reason for such investi¬ gation, they would have asked to be clothed with the proper power; but not having, themselves, any such knowledge, they have felt it to be their only duty to lay before the House the com¬ munication which they have received." Mr. W. said tb'ts it appears that, at the moment the charge was made, Mr. Clay demanded and challenged an investigation. Conscious of his innocence, he sought to show to the world he was guiltless. The record I have read speaks for itself, it needs no comment from me. Now, Mr. W. said, he would proceed with other testimony bearing upon the subject. And the first witness he would introduce should be the veteran Editor of the Richmond Encpiirer, (Thomas Ritchie, Esq.) From the Richmond Enquirer of February 10, 1826. " As to the other questions upon which we publish this day such copious debates, we do not hesitate to say that Mr. Clay has met the charge as a man ought to meet it. His fearless promptitude and open defiance are the surest indications of his innocence. This, combined with avowals from almost all quarters of the House, and the uniform information in the last let¬ ters Horn that city, can leave no doubt of the result of the investigation, nor docs Mr. Kremer shrink, but we suspect he will seek' to escape by a sort of special pleading, such as Mr. McDur- fie has thrown into his amendment. Be it as it may, the inquiry is begun and it ought to be prosecuted with energy ; the whole matter should be probed to the bottom ; no loop hole ought to be left to hang a single doubt on, for in times like these the people will expect their Repre¬ sentatives not only to be chaste, but free from all suspicion. Mr. Clay is innocent of this charge. We are fully prepared to see the committee acquit him of this imputation of bartering his vote for an office." Mr. Ritchie, continued Air. W., with all these facts before him, pro¬ nounces " fir. Clay innocent of this chargeAnd yet, at this late day, with accumulated evidence of his innocence, with a full knowledge of all the facts of the case, Mr. Ritchie repeats and reiterates this btanded libel. How condemned must he stand before the civilized world. Na¬ ture's Poet has well said — " Who steals mv purse, steals trash ; and 'tis something, nothing ; 'Twas mine, 'tis his, and has been slave to thousands ; But, he that filches from me my good name, Robs me of that which not enriches him, And makes me poor, indeed." Yes, Mr. Chairman, said Mr. W., the robber of character is the vilest thief that lives. He has not the apology of the burglar, he may have a« starving wife and children appealing to him for bread. 5 Well and truly, Mr. Chairman, has the eloquent poet expressed it, when he says— " Slander, the foulest whelp of sin. The man in Whom the spirit enters, is undone. His tongue is set on tire of Hell, his heart is black as Death." Mr. W. said he would forbear any comment of his own upon the conduct of this veteran witness. He delivered him over to the gnaw- ings of a guilty conscience,-and the punishment of a just God.; who has said "vengeance is mine, and I will surely repay." He would now call the attention of the committee to a letter written by the Hon. Thomas H. Benton. " Washington, December 7, 1827. " Sir : Your letter of the 19th ultimo, covering the Lexington Virginia Intelligencer of that date, has been duly received, and in answer to the inquiries you put to me, I have to state that the article to which you invite my attention is substantially, not verbally, correct, so far as it represents me as saying that I was informed by Mr. Clay, in the fore part of December, 1824, that he intended to vote for Mr. Adams. There is no mistake in the date, as a visit which I made to your part of Virginia about that time enables me to fix it with certainty. I left Wash¬ ington, on that visit, about the 15th of December, and had received the information of Mr. Clay before 1 sat out, and told it, while absent, in the family of my father-in-law, Colonel McDowel, of your county. But the inference so much insisted upon, that I must have told the same thing to Mr. Eaton and other of his political friends, is wholly erroneous ; for, having no authority from Mr. Clay to promulgate his intentions, I only spoke of them in the bosom of a private family at two hundred miles distance from Washington. Since that period, and especi¬ ally during the present summer, I have, on several occasions, and sometimes in the presence of political opponents, when the course of conversation led me to it, mentioned what I knew of Mr. Clay's early intention to vote for Mr. Adams; and in this way I came to speak of it again, some two or three weeks since, in the house of my father-in-law, where I had first spoke of it near three years ago, and whence, with some additions and variations, without the privity of any one present at the conversation, it has crept into the paper which you have 9ent me. No one ever asked my leave to publish what I said; if any one had, the authors of the publication in the Lexington paper might have been spared, an office which must have been inexpressibly painful to their honorable feelings, as I should not have refused to the administration any testi¬ mony in my favor to give, notwithstanding the character of the war which the great body of their forces are carrying on against me. " Yours, respectfully, THOMAS H. BENTON." This letter, said Mr. W., not only proved that, two years after this charge had been made, one of Mr. Clay's bitterest enemies, (who was an eye witness to the whole transaction,) considered him innocent of the charge. But it established another important fact. That, some¬ time before the Presidential election came off in the House, Mr. Clay disclosed his purpose to vote for Mr. Adams. Mr. Clay had disclosed this determination to Mr. Crittenden, and many others in Kentucky,, in the fall before he left home, and long before Congress convened. He had no secrets, no disguise, in all his conversations upon this subject. Mr. W., now, would offer the testimony of another political oppo¬ nent. He read an extract from a letter written by the Hon. James Buchanan, dated August 8, 1827. " I called upon General Jackson on the occasion which I have mentioned, solely as his friend, upon my own individual responsibility, and not as the agent of Mr. Clay or any other person. I never haoe been the political friend of Mr. Clay, since he became a candidate for the office of President, as you very well know. Until /saw General Jackson's letter to Mr. Beverley of the 5th ultimo, and at the same time was informed by a letter from the Editor of the United States Telegraph, that I was the person to whom he alluded, the conception never once entered my mind that he believed me to have been the agent of Mr. Clay and his friends, or that I intended to propose terms of any kind lor them, or that he could have supposed me •capable of expressing an 'opinion that it was right to fight such intriguers with their own weapons.' " I had no authority from Mr. Clay or his friends to propose any terms to General Jackson in relation to their votes. NOR DID I EVER MAKE ANY SUCH PROPOSITION ; and I trust I would be as incapable of becoming a messenger upon such an occasion, as it was known General Jackson would be to receive such message." 6 It will be recollected (said Mr. W.) that this was the witness with whom this foul charge of slander and defamation had its origin. Gen. Jackson had repeated the slander on the testimony of Mr. Buchanan, and from him this individual, Carter Beverly, had received the charge, which he had made public. Carter Beverly at that time had been an enemy of Mr. Clay ; he had lived long enough to come to his senses. Before his death, although he had slept over this charge for years, per¬ haps in view of the grave, he had been prompted to .award justice to an injured and innocent man ; he had come out with his unqualified denial and refutation of the charge. And (said Mr. W., addressing the chairman,) I predict that, before you and some other gentlemen shall have descended to the tomb—when the violence of party feelings shall have had time to subside, and party blinds shall have fallen from your eyes and the eyes of others, and all those prejudices which are calcu¬ lated to delude and bewilder the human mind and lead to false conclu¬ sions shall have been dissipated—that you and others will write, de¬ claring the innocence of this man. Now hear what this dying man said. Mr. W. read from a letter of Carter Beverly to Mr. Clay as fol¬ lows : " It will be no doubt matter of some astonishment to you in receiving from me the present address. I will not preface it with any kind of apology, because, in doing it, I justify my mind in the discharge of an act of conscience, and aduty that I feel the utmost pleasure in performing. " Although the time is quite far gone since I became, very innocently, instrumental in cir¬ culating throughout the country a very great attack on your character and virtue as a gentleman, and certainly a very heavy one as a public man, I feel exceedingly desirous to relieve you, as far as I can, from the slander, and my own feelings from the severe compunction that is within me, on having been, though neither directly nor indirectly, your personal accuser, yet that I was drawn directly into the representation of an attack upon you. * " I again say, that I am most thoroughly convinced that you were most untruthfully, and, therefore, unjustly treated; for I have never seen any evidence to substantiate at all the charge. " CARTER BEVERLY." Now, (Mr. W. continued,) while this old charge of slander bad been so fully refuted by the testimony of the very enemies of Mr. Clay, they found it revived, not only in the Richmond papers, but in every paper in this District claiming to be Democratic or official. Mr. Ritchie had repeated this charge, and the Presidential organ here, " The Madisonian," had copied it w ithout any comment, save at the close the words, " True, oh King !" taking from Holy M rit this expres¬ sion to pervert it to the sanctioning of this most infamous and unfounded libel. Now, what had this man, the present Executive, under whose eye and under whose hand this charge was now being repeated, said, in other days, when he had some little regard to truth and justice? Mr. W. read from a letter of Mr. Tyler of the 14th February, 1827, as follows: " In adverting to that letter, I shall content myself with stating its substance ; but if Mr. ■Clay shall see cause to gratify the appetites of newspaper editors, he is at liberty to publish it. I shall have no cause to complain of it. It is, then, perfectly true that I wrote to Mr- Clay in the spring of 1825. It is also true that I approved of his course growing out of the Presidential election, and concurred with him most emphatically in the result of his vote. It is equally so, that I esteemed Mr. Adams as decidedly better qualified for the Presidency than Gen. Jackson, and that I would have voted for him after Mr. Crawford's chance of success was over. To this effect I wrote to Mr. Clay in terms of perfect frankness. * * * * * Or is it because I do not believe Henry Clay, along with the western delegation who sided with him, to have been bought and sold, for which, if guilty, he and they deserve to be gibbeted, that I am therefore bound to support an administration which may oppose all my convictions of proper policy?" Now, he asked his colleague, as a candid and fair man, whilst he was permitting garbled statements of the testimony taken in the Kentucky Legislature in the investigation of this foul charge of bargain and sale, why it was that he had suppressed the testimony of Jepthah Dudley, one of his own political friends? And why he had suppressed various 7 depositions that had been elicited in vindication of the character of this man? Here was testimony, and testimony of his colleague's own particular friends, which it would make him blush to read, and then to read his own remarks on the subject. Now Mr. W. had done with the testimony of Mr. Clay's political enemies, and he thought that any set of men, that any tribunal, would be compelled, fiom this evidence, to pronounce him innocent of this foul charge. He would now read the testimony of some distinguished gentlemen, who alone could speak, because they had been part and parcel—one or two of them—of the transaction itself; and he would submit their testimony, making all due allowance for. men speaking of affairs in which they themselves had been participators. Before he presented this proof, he would read a short extract from a distinguished foreigner, whose testimony could not be questioned, by any man on this floor; who had no interest under heaven, either in vindicating or in condemning- this man. He would read from the statement of General Lafayette: " My remembrance concurs with your own on this point: that in the latter end of Decem¬ ber, either before or after my visit to Annapolis, you being out of the presidential candidature* and after having expressed my above mentioned motives of forbearance, I, by way of confiden¬ tial exception, allowed myself to put a simple, unqualified question respecting your election¬ eering guess and your intended vote. Your answer was, that in your opinion, the actual state of health of Mr. Crawford had limited the contest to a choice between Mr. Adams and Gen¬ eral Jackson; that a claim founded on military achievements did nut meet your preference> AND THAT YOU HAD CONCLUDED TO VOTE FOR MR. ADA.MS." He would now offer the testimony of the distinguished gentleman from Massachusetts, (Mr. Adams,) who had been a part and parcel in the transaction, and to whose testimony the present generation and posterity would give that weight it was entitled to. He would first read from his letter to the New Jersey committee, after he had retired from the presidential chair: "Upon him (Mr. Clay) the foulest slanders have been showered. Long known and appre¬ ciated, as successively a member of both Houses of your National Legislature, as the unrivalled speaker, and at the same time most efficient leader of debates in one of them ; as an able and successful negotiator for your interests, in war and in peace, with foreign Powers, and as a pow¬ erful candidate for the highest of your trusts—the Department of State itself was a station which* by its bestowal, could confer neither profit nor honor upon him, but upon which he has shed unfading honor by the manner in which he discharged its duties. Prejudice and passion have charged him with obtaining that office by bargain and corruption. Before you, fellow citizens* in the presence of our country andof Heaven, I pronounce that charge totally un¬ founded. This tribute of justice is due from me to him, and I seize with pleasure the oppor¬ tunity afforded me by your letter of discharging the obligation." This distinguished patriot and statesman, (continued Mr. W.,) on a more recent occasion, not having sought the opportunity himself, but having been called on during his Western tour this fall by a commit¬ tee, responded in this language to this same charge: " I thank you, sir, for the opportunity you have given me of speaking of the great statesman who was associated with me in the administration of the General Government, at my earnest solicitation—who belongs not to Kentucky alone, but to the whole Union; and is not only an honor to this State and this Nation, but to mankind. The charges to which you refer, I have* after my term of service had expired, and it was proper for me to speak, denied before the whole country ; and I here reiterate and re-affirm that denial; and as I expect shortly to ap¬ pear before my God, to answer for the conduct of my whole life, should those charges have found their way to the throne of Eternal Justice, I will, in the presence of Omnipo¬ TENCE, PRONOUNCE THEM FALSE.." Was that the language (asked Mr. W.) of a man declaring falsehood and untruth ? Did it appear that a declaration of this character, if false, would be made by a man solemnly appealing to that God in whose presence he was conscious he was soon to appear, either for ap¬ probation or for condemnation ? What man is there in this country so base as now to repeat this foul, this malicious, this branded libel ? 8 NOTES. Extract from Cot. Drayton's speech.. " I will here, sir, said (Col. Dravtos,) avail myself of the occasion to disclaim, on my part, in what I have said, or in what I may hereafter say, all allusion to individuals. Allusions of this nature may sometimes he unavoidable; it may sometimes be excusable, and sometimes even a duty to make them ; hit, unless under peculiar circumstances, they should be avoided. Personality is not argument; nor is it manly to attack the character of those who are not pre¬ sent to defend them. I will not say that I have not heard reports injurious to some who are, and to some who are not, now members of Congress, as connected with the late presidential election; but I know, sir, and I often painfully witnessed the effects of party feelings, even upon the virtuous and enlightened. The representations of those who are under such an influence, must be cautiously received. They cannot retrain from mingling their passions with their judgments; their disappointments with their statements: and it has always been my habit to believe slowly and reluctantly, that any one who has been long distinguished for high-mindedness and talent, and who has long enjoyed the confidence of his country, would descend so low as to bartei• away the jewel, reputation, for the paltry emoluments, or the tran¬ sient honors of office." See 2 Vol. Congressional Register, pp. 15, 61. Osiuchee Bend, Russell County, Ala., May 26, 1844. Dear Sir,—I have had the honor to receive your favor of the 17th inst. There is nothing in the nature of your communication which requires an apology for your addressing me. If I had in my possession such a letter from General Jackson, as has been most erroneously supposed, I should, under his very emphatic card of the 3d inst, in the Nashville Union, have felt myself released from all reserve as to its publication. You will have perceived, ere this reaches you, from my reply to that gentleman, that he never, in the confidence which once subsisted between us, transmitted me such a paper. Indeed, I have very frequently heard him express opinions altogether at variance with the alleged retraction. His belief, and that generally of the party to which I was then attached, I did not share, in reference to the charge of " bargain and corruption," which, in 1825, was so freely preferred against Mr. Clay and Mr. Adams, and which constituted the electioneering staple of our party, during the four years' war which ended in our triumph, in 1829. It would, in my humble opinion, have been an act of supererogation on the part of Mr. Clay, to have made a bargain for what, by the force and gravity of political causes and geographical considerations, was inevitable, without either his crime or his participation—an offer of a seat in Mr. Adams's cabinet. In accepting it, I have always understood he acted in conformity with the advice of some of the most influential supporters of Mr. Crawford, whose friends then occu¬ pied a position of neutrality between the two great parties of Gen. Jackson and Mr. Adams, although they soon after, it is true, became belligerents on our side. I sincerely believe that Mr. Clay's acceptance of the office, that subjected him to such obloquy, was the result of a sense of the duty which he owed to the country, to aid by his counsels, him whom he had assisted to place in power. He certainly relinquished, for the department of State, a position in the House of Representatives, far more desirable, and of more influence and authority, which was much bet¬ ter adapted to the peculiar and transcendant vein of his signal ability for distinction in a popu¬ lar assembly. I know that this view of the case runs counter to the opinions of my old chief (who, if he puts himself at the head of the annexation movement, will be my chief again) and to those of many esteemed friends, with whom I was proudly and victoriously associated in the struggle of 1828 and '29. But they must pardon me for adhering to opinions (however valueless) long since entertained and frequently expressed. And now, when I have no sort of connexion with any party in the country, (except on one isolated question, associated, as I believe, with the best interests of the whole Union, and thevital security of the South,) I hope I may be allowed, without an impeachment of my own motives, and certainly with no adhesion, either expressed or implied, to the politics of Mr. Clay, to do justice, as far as my humble opinions can afford it, to his public reputation and his unsullied personal honor. I remain, dear sir, with esteem, very respectfully, vour obedient servant, J. HAMILTON. Hon John White, House of Representatives. A RESOLUTION relating to certain resolutions adopted by the General Assembly of the State ot Tennessee at the session of 1827, condemnatory of John Q,. Adams and Henry Clay, referred to in said resolutions : Resolved by the General Assembly of the State of Tennessee, That so much of the proceed¬ ings adopted by the Legislature of Tennessee in 1827 as sustains the allegations, either expres¬ sed or impiled, of an improper and corrupt combination, or, as it has been more generally de¬ nominated, " Corruption, Bargain, and Intrigue," between John Q. Adams and Henry Clay, is, in the opinion of this General Assembly, unsupported by proof, and not believed. Adopted, January 27, 1844. D. L. BARRINGER, Speaker of the House of Representatives. J M. ANDERSON, Speaker of the Senate. A true copy: Jno. S. Young, Secretary of State. //. EXTRACT FROM THE SPEECH OF MR. GARRET DAVIS, OF KENTUCKY, Exhibiting the Expenditures of Mr. Van Buren's Administration, the Public Debt, and the condition of the Treasury at its close, etc. DELIVERED IN THE HOUSE OF REPRESENTATIVES OF THE UNITED STATES, APRIL 5, 1844. There has been so much said recently of the expenditures of the Govern¬ ment under Mr. Van Buren's Administration, of the conditions and resources of the Treasury, and of the amount of public debt when his term closed, and also of the necessity of the present amount of debt, both in this House and the newspapers, that I propose to present a statement of these matters. It is due as well to the coun¬ try as to the party to which I am attached. I will endeavor to compress the state¬ ment within reasonable limits, and I will compile it from, and attach to it, the official Treasury documents, and refer to so much of the laws as form the sources from which it is drawn. On the 4th day of March, 1837, President Jackson said in his valedictory on re-- tiring from office, " I leave this great nation prosperous and happy." On that day Mr. Van Buren assumed the reins as his successor, and what was the then condition of the Treasury ? Excluding the three instalments of the surplus revenue which w ere deposited among the States, there was the fourth instalment, the payment of which was suspended, upon his recommendation, by his friends in Congress, and a further surplus amounting, with it, to ... - $17,109,472 26 There was also Government stock in U. S. Bank, which produced 9,124,749 00 Making - - - $26,234,221 26 That large sum, Mr. Van Buren and his friends, who constituted a majority in both Houses of Congress, had at the beginning of their career; and, in addition, they re¬ ceived regularly and without interruption, all the avails of the customs, the sales of the public lands, and of every other source of revenue. I will now proceed to state the general account of receipts and disbursements during Mr. Van Buren's Adminis¬ tration, and the amount of public debt and liabilities at its close. I will not charge him with the small balance of the old public debt, as it was not incurred by him ; nor for Treasury notes beyond the amount he left outstanding, as the redemption of all others settled the account for their issue. He, and his friends will be held responsible for the interest upon Treasury notes paid during his Administration, and also the amount which had accrued when Gen. Harrison went into office. In the amount of revenue, I will exclude all under the head "miscellaneous," because the whole of this class resulted from the sale of the Government stock in the late U. S. Bank, and was means in the Treasury at the beginning of Mr. Van Buren's term. Expenditures for 1837 $31,793,287 00 Receipts " - - - - - 17,952,708 00 Excess of expenditures Expenditures for 1838 Receipts " " Receipts for 1839 Expenditures " Excess of expenditures $13,640,578 00 $31,593,791 71 19,243,207 10 $12,350,584 61 $30,217,680 70 25,886,259 33 Excess of receipts $4,331,521 37 2 Expenditures for 1840 ...... $23,502,370 37 Receipts " " - - - - 16,793,867 71 Excess of expenditures - - $6,708,562 66 Expenditures for Mr. Van Buren's 4 years - - - $112,775,707 41 Excess of expenditures for 1837, '38, and '40 ... $32,908,966 85 Excess of revenue for 1839 ..... 4,331,421 37 Excess of expenditures during Mr. Van Buren's term - - $28,577,545 48 (See Appendix, Nos.\&l2.) But this expose does not yet fully exhibit the prodigality of Mr. Van Buren's Ad¬ ministration. When the people deposed him from office, he left to his successor a large amount of debt and liabilities. There were— Outstanding Treasury notes ..... $5,680,831 40 Interest then due ...... 150,000 00 Debt due by Post Office Department - Arrearages for Florida and Georgia militia, and on account of the Navy pension fund, appropriated at Extra Session, 1841 Appropriations at 2d Session of 21tli Congress : Arrearages to Florida militia ..... Do to Georgia militia ..... Do appropriated and paid for militia of Alabama,Tennessee, Missouri, and Louisiana - For printing returns of 6th census .... For arrearages for printing ordered by both Houses of Congress, for works on rivers and harbors, for expenses of legislative coun¬ cil of Iowa, contingent expenses of U. S. courts, Post Office building, Greenough's statue ----- Due the State of Maine for the services of her militia and civil posse, on the Northeastern boundary .... $5,830,831 40 497,657 00 534,764 52 166,242 00 175,000 00 117,694 35 137,316 14 251,000 00 505,000 00 3,215,504 41 Here is an actual amount of existing debt of ... $8,215,504 41 To which add the expenditures of .... 112,775,708 41 $120,991,212 82 Credit him with balance in Treasury, 4th March, 1841, of - 572,718 46 Aggregate expenditures of Mr. Van Buren's Administration - 120,418,494 36 Being an annual average of - - - . $30,104,623 59 If he had found no surplus in the Treasury, the expenditures of Mr. Van Buren's Administration would have left a debt against the Government, equal to $26,234,221 26 cents, the amount of that surplus, (all of which he exhausted,) and $8,215,504 41 cents, the amount of actual debt at the close of his term, making together $34,449,725 68 cents, excluding all outstanding appropriations. But it was the duty of Mr. Van Buren and his friends, who were the majority in both houses of Congress, to make provision for the public service in all its branches for the year ensuing their retirement. This was done by leaving specific appropri- 3 ations of all kinds undrawn, 4th March, 1841 ... $27,134,721 30 Indefinite appro'ns drawn between 4th March and 1st Dec., 1841 1,771,269 46 To which add for outstanding Treasury notes and other debts - 8,215,504 41 Making the whole liabilities upon the Treasury, when he retired $37,121,495 17 These appropriations comprehended the sums which Congress had by law voted for the maintenances of the army and navy, and every other branch of the public service ; and as it is the duty of the President to see that the laws be executed, they were to be expended under his discretionary control. It is true, he was not bound to disburse every dollar within the year, unless the public exigencies required it; but the extent of the just demands of the service, increased by the insufficient provision which had been made for it during the two last years of Mr. Van Buren's Adminis¬ tration, rendered necessary at least as large a disbursement as was made for 1841. The expenditures for 1841, were .... $25,874,577 65 Add the debt for which no provision was made ... 8,215,504 41 And it makes .... $34,090,082 06 (See Appendix, No. 2.) Then, on the 4th of March, 1841, the Van Buren party left claims against the Treasury which were bound to be, or in justice and good faith ought to be, satisfied within the ensuing year, amounting to $34,090,082 06. That party having exhaust- ed the whole of the $26,234,220 26 cents, which was surplus when they went into power, and having had the aid of upwards of $25,000,000 of Treasury notes, justice, patriotism, and honor, as well as the pressing claims of the public service, required them to leave the Treasury with ample resources to meet the heavy sum with which they had, in addition, charged it. There is a separate and distinct responsibility resting upon it, and upon the succeeding Administration: to mete out this responsibility justly to each, it is necessary to know, not only the expenditures of the Government, but its revenues and means. What were the resources of the Treasury which the Van Buren Congress left to mest the year 1841 ? Produce of the customs ..... $14,487,216 74 Do of sales of public lands .... 1,365,627 42 Total - - - $15,852,844 16 Being less than the demands upon that year by ... $18,237,137 90 And less than the debt and outstanding appropriations by - 21,268,657 01 (See Appendix, No. I.) Without an extra session of Congress, so far as the resources of the Treasury, and the appropriation of money to public purposes were involved, the administration of Mr. Van Buren was practically to continue for about twelve months after Gen. Harri¬ son's inauguration. The obligations that he and his friends left upon the Treasury, which the public service, the faith of the nation, and common honesty required to be discharged, amounted to $34,090,089 06 ; and the means to meet them in the aggre¬ gate only to $15,852,844 16. It is true, that late in the last session of Congress of Mr. Van Buren's term, his friends passed a law authorizing President Harrison to issue five millions of Treasury notes, which was nothing more or less than to confer upon him the power to give the promissory note of the Government to pay so much of the debt which they had_ created, with interest, and which they would not them¬ selves do. But I have said that there was not adequate provision made for the public service for the latter part of Mr. Van Buren's term. He abandoned during his last two years wholly the improvement of the western rivers, the lake harbors, the continuation of the Cumberland road, and the ocean harbors and roads. He caused all the tools and imple¬ ments of conducting these works to be sold, and the proceeds to be applied towards his unparalleled extravagancies. The General Government has the same power, and it is as 4 much its duty to foster the internal as the foreign trade of the country. In maintaining navies, buildinglight-houses, improving ocean harbors, and various other works, Govern- menthas expended more than $200,000,000 for the benefitof our commerce with other nations. Add to this the costof thelastwar, which was waged solely for the protection of that commerce, and it will make more than four hundred millions of dollars, with which the people have been taxed to give to it stimulus and security. This was all right. But the internal trade of the United States is more than five fold greater than its ex¬ ternal, and in that degree, at least, it is more important. Comparatively little, indeed, had been expended previously to facilitate and promote commerce among the States, and Mr. Van Buren became so absorbed in his mousing schemes to secure his re¬ election, as to give up wholly this great end of our Government and social system. But this was in keeping with his repudiation of the obligation of the General Govern¬ ment to regulate the currency., accompanied by his haughty reproof that "the people expected too much from the Government," and his sub-treasury scheme, to give to the office holders gold and silver, and leave to the country a fluctuating and unsound State bank paper medium. The story of the culpable abandonment by Mr. Van Buren and his friends of their duty is not half told. When all the ordinary appro¬ priation bills were before Congress, in July, 1840, Mr. Van Buren, knowing there would be a deficit in the revenue for the year, asked his "faithful Congress" to give him the power to suspend certain appropriations; and, with indecent haste, sections were attached to the army, fortification, and naval bills, authorizing him to suspend about two millions and a half of the appropriations made by them. This arbitrary- power, which had been usurped in England by the tyrant Tudors and Stewarts, and which had contributed so much to render them hateful to British subjects, was conferred upon Mr. Van Buren by an American Congress. The object was to con¬ ceal from the people the true and degraded condition to which they had brought the finances of the country, from an apprehension that it would operate to defeat his re¬ election. At the ensuing session of Congress, in reply to a resolution of the House, calling upon him for information on the subject, he stated in his message that he had suspended appropriations amounting to $1,638,317. The next session of the Van Buren Congress was held after the people had pro¬ nounced their judgment against him. His friends still continued to play on the figure of economy, and as a Whig administration was to take the reigns, for which it was their business to provide for the year, they determined to put it on short allowance. The appropriations, therefore, at this session were less in the aggregate than they had been for many years. The total amount for fortifications, armament of fortifications, and ordinance was about a half million of dollars, when ordinarily there is given to those three heads about two millions of dollars. Georgia, Alabama, Florida, Maine, &c., clamored in this hall for the payment of what was due them for the services of their militia; but that party, under whose rule these debts had been created, sternly voted down every proposition to pay them. In December, 1840, your Secretary of War, Mr. Poinsett, sent into his friends, the majority of Congress, an earnest appeal for $2,385,329 75, to pay arrearages due on account, and to prosecute more vigor¬ ously the war in Florida ; but they were going out of office, and they- heeded him not. The biennial reduction of duties on imports, by the operation of the compromise, was rapidly reducing the revenue to about half the wants of the public service. Mr. Woodbury, in his Treasury report of December 30th, 1839, says: " A further reduc¬ tion of certain duties, amounting to nearly $800,000, will take place after the close of the present year." In his report of December 10th, 1840, the same secretary in¬ forms us: "Thus the progressive reduction of the present tariff, which has been going on since 1833, will, after Dec., 1841, take effect to a much larger amount than heretofore. Nearly two millions and a half of dollars will then be deducted at once." " On the 1st of July, afterwards, at least two millions and a half more of duties will be removed; making an aggregate, in six months, of quite five millions. If the imports then should not differ much from those in 1838, there would be an income from them not probably exceeding ten or eleven millions yearly-. It will, therefore, be necessary to make corresponding reductions in the expenditures of 1842, or sea- 5 sonably provide otherwise, in some permanent manner, to supply any wants likely to happen from this cause." Some two or three years before, when Mr. Woodbury felt secure that his party would be continued in the possession of the Government, its offices and its patronage, he, knowing then that the revenue was insufficient, and would soon become greatly so, recommended a tax upon tea and coffee to increase it; but now he modestly urges his successors to retrench, until they should bring down the expenses of the Govern¬ ment to about one-third of what he and his President had required, or seasonably provide for a permanent and adequate revenue. Would it not have been more befit¬ ting him to have urged upon his own friends to furnish the means necessary both to discharge the debt which they had created, and to support properly every branch of the public service? When the party in power were thus making debts and refusing to pay them ; when they were living from hand to mouth by the issue of Treasury notes and selling them at a discount; when the public creditors were going from the Treasury with the broken obligations and violated faith of the Government, and the revenues were sinking to one-half of the necessary supply, what was the ability of the country to furnish more ? Above half the imports into the country were duty free. During Mr. Van Buren's four years $263,708,033 of imports were admitted free; and the amount paying duties was $260,232,240. In 1841, for which year his friends also legislated, the free articles amounted to $66,019,732; those dutiable to $61,926,446. (See appendix No. 4.) Those free articles comprehended nearly all the luxuries brought from foreign countries; and a duty of twenty per cent, on luxuries alone would have produced ample means to have paid off the debt of Mr. Van Buren as it arose, to have preserved untarnished the public credit, and to pay for the future all the necessary expenses of the Government. These considerations would have appealed with resistless force to men of honor—to statesmen and patri¬ ots—to come up and do their duty; but they reached not Mr. Van Buren and his friends in Congress. The Government, of which they had had charge, was as a ship, which, by the incapacity and misconduct of its captain and crew, had been stranded, and there left by them to be dashed to pieces upon the breakers. Such was the state of things when President Harrison was inaugurated, and it was too urgent to await twelve months for the ordinary session of Congress to give the remedy. An extra session of Congress was necessary ; it had been rendered so by the misconduct of Mr. Van Buren and his party ; had they performed their duty, it never would have taken place; they, and they only, are responsible for it. The principal objects of this session were to supply the pressing wants of the Treasury, and to repeal the odious sub-treasury. The nation was in debt, and no subterfuge was resorted to to disguise it. The supplies of the Treasury were greatly deficient, and the demands upon it large and pressing. The Whigs tore the treasury note veil from such transactions, and introduced a bill to authorize the President to borrow twelve millions of dollars after the old fashion. Every Democrat in the House voted against this measure. To effect as much as possible, at that short session, towards the permanent restoration of the revenue, they introduced another bill to impose a duty of 20 percent, on many free articles, and to bring up to that rate certain duties which were below it. They estimated this tariff to produce $4,000,000 ; it went into opera¬ tion the 1st day of Oct., 1841, and, for the last quarter of that year, netted $910,224 20. (See App. No. 3.) Every Democrat of the House, including the present Hon. Speaker, the chairman of the Committee of Ways and Means, Mr. McKay, Mr.cave Johnson, Mr. Dromgoole, and many other gentlemen of the present House voted against it. The navy pension fund had been squandered by Mr. Van Buren's friends, and at the last session of the 26th Congress they neglected to appropriate the money to meet the pensions of the poor and decrepid charged upon it. At the extra session the Whigs passed a bill appropriating $139,666 66 for this purpose, which was opposed by many of the Van Buren party. The Whigs appropriated a fraction under a mil¬ lion and a half for fortifications, for arming them, and for ordinance, to correct the neglect and misconduct of this party at the two preceding sessions; and this measure met the same opposition. The Whig Congress resolved to do its whole du- 6 ty and passed bills to pay the Post Offiee debt of $497,657, and arrearages to the Georgia and Florida militia amounting to $395,097 81; and they were also resisted by the Van Buren democracy, They would not themselves replenish a treasury which they had exhausted; they would not pay the debts of their own crea¬ tion ; they would make no ell'ort to repair the public faith and credit which they had subverted; and with a perverse diabolical spirit they thwarted and did their utmost to defeat the Whigs in all their attempts to effect this patriotic work. It was true that the Whigs abhorred the bloodhound tactics, that was resorted to by Mr. Van Bnren as a sort of last means to close the Florida war. They despised the ineffici¬ ency of that military folly, his sedentary militia, who received strict orders not to move more than twenty miles from their residence, and diligently to pursue their ag¬ ricultural and other business pursuits. They condemned the extravagance of con¬ ducting this war, as manifested by hiring steamboats at $450 and more per day, until the debt against the Government for a single one was $72,000; by getting a wagon made at the cost of $3,000, and shipping wood from New Orleans to Florida at the price of $20 per cord. These and a thousand other forms of reckless prodigality, which run the expenses of this war above $30,000,000, received their deepest reprobation. But, whatever of incompetence and crime there might have been in these matters, so far as arrearages existed, they were debts contracted by the agents of Government according to law; and both national character and common honesty required them to be paid. If the refusal of the party which contracted them had resulted from shame and contrition for their own conduct, it would be some palliative. But then, as now, it had a kind of fever or ague-fit of economy coming over it, superinduced by a strong appetite for the spoils, and an appalling apprehension of losing them. But the disease is now more spasmodic and distressing than it then was, and threatens, indeed, to kill the patient outright. The measures and course of the Whigs in the last Congress have received the wholesale condemnation of their opponents ; yet, without those, measures, the con¬ dition of the Government and country would have indeed been deplorable. Mr. Woodbury has informed us that, if the imports of 1842 should prove to be equal to those of 1838, the amount of customs for that year would, under the operation of the compromise law, be reduced to between ten and eleven millions of dollars. In 1838 the dutiable articles amount to $61,385,173 ; in 1842 to $62,002,325. Exclusive of payments on account of the public debt, &c., the total expenditures of the Govern¬ ment were— In 1841 ......... $25,874,577 65 In 1842 ......... 24,044,419 73 (See Appendix, No. 2.) ===== The Whigs are not entirely responsible for these expenditures, as they were under the control of President Tyler, and the amount, to some extent, was regulated by his discretion. Considering the manner in which the Van Buren party have neglected the public service, and the circumstances of the country, the expenditures of these two years are probably not much out of the way ; although it is very certain that, when the Government is put in good trim, the ordinary annual expenses should be below $20,000,000. How would the account have stood at the close of the last year, under the system of laws which the Van Buren party would neither reform themselves, nor agree that it be done by the Whigs. Debt left by Mr. Van Buren ....... $8,215,504 41 Expenditures of 1841 - - - - - - 25,874,577 65 Expenditures of 1842 - - . k . . . . 24,044,419 74 Total $49,918,997 38 Aggregate To meet this, there was a balance in the Treasury on the 4th of March, 1841, of $58,134,501 79 572,718 46 13,576,992 54 1,365,627 42 10,500,000 00 1,335,797 52 Produce of tariff of 1833 for 1841 Produce of public lands for 1841 Produce of same tariff for 1842, estimated by Mr. Woodbury Produce of public lands for 1842 ... $27,351,135 94 7 See Appendix No. 1. It thus appears that the debts left by Mr. Van Buren, and the sums required for the necessary service of the country during the two first years of the present admin¬ istration, together amounted to ----- - 134,501 79 And the means which he and his friends left to meet them, amounted to - - 27,351,135 94 Leaving a deficit of 30,783,365 85 If the expenses of this administration had equalled the average .of Mr. Van Bu- ren's, it would have added to this deficit ..... 11,789,997 38 And have made an aggregate of ...... §42,573,363 23 of deficit at the close of 1842. But the Whig Congress provided for a permanent and sufficient revenue at the first regular session of the last Congress, by the passage of the existing tarifflaw. This measure, too, was obstinately re¬ sisted by the great body of the Van Buren party in Congress. A few of them voted for it, under the doubt that then existed, whether there was any law in force to authorize the collection of customs. They accompanied their votes with an avowal of determined hostility to the measure, and their firm purpose to repeal it, or reduce the rates, when they acquired the power. This tariff netted, for 1842, $18,187,908 76, and "thus prevented $7,687,908 76 from being added to the public debt. The duties collected for the months of January, February, and March last, exceed $8,000,000, and must produce, for the entire year, more than twenty-five millions. The results of this measure have exceeded the expectations of its most confident friends. It is raising the country from the paralysis and ruin, down to which Van Burenism had struck it; it has put into active operation all our mills and manufacto¬ ries ; it has munificently ministered to the great want of our people—the want of employment—and it is now stimulating and rewarding their industry in every department—agricultural, mechanical, and manufacturing. It is replenishing the Treasury, by giving the people at home the ability to purchase and consume foreign imports; and, with economy in the administration of the Government, will soon afford the means of paying off the existing debt. It is restoring confidence, regenerating the country, and establishing its wealth and independence on a permanent basis. This is the great and beneficial measure against which our adversaries are waging an exterminating war; and, with its overthrow, they ask the American people to restore to power Mr. Van Buren and his party, not only with all their enumerated delinquencies, but with their sub-treasury, with their Poinsett re-organization of the mili¬ tia, their horizontal tariff and low wages, their systematic increase of executive power, their plundering principle, " to the conquerors belong the spoils of victory," their deep, rankling resentments, and fierce appetite for vengeance. But no, this dreadful restoration will never be made; Mr. Van Buren's po¬ litical race is run, and for ever. APPENDIX. No. 1.—Statement of the receipts into the Treasury from 1837 to 1842 inclusive, from Customs, Sales of Public Lands, Treasury Notes, Loans, Internal Revenue and Direct Tax, and miscellaneous sources. Year. Customs. Public Lands. Treasury Notes. Loans. Direct tax & Int. rev. Miscella¬ neous. Total. 1837 1838 1839 1840 1841 1842 Dollars. 11,169,290 39 16,158.800 36 23.137.924 81 13,499,502 17 14.487.216 74 18,187,908 76 Dollars. 6,776,236 52 3,081.939 47 7,076,447 35 3.292.683 29 1,365,627 42 1,335,797 52 Dollars. 2,992,989 15 12,716,820 86 3,857,276 21 5.589,547 51 7.993,560 50 11,383,405 77 Dollars.1 5,665,756 88 3,425,329 87 Dollars. 7,181 54 2,467 27 3,308 54 1,682 25 3,261 36 495 00 Dollars. 1,903,682 75 4,909,448 24 244,200 56 2,018,222 82 781,568 89 119,765 12 Dollars. 22,819,380 35 36,869,476 20 34,319,157 47 21,401,638 04 30,296,991 79 31,452,702 04 96,640,643 23 22,928,731 57 44,533,600 00 ^9,091,086 75 18,395 96 9,976,888 38 182,189,345 89 Note.—The receipts on account of trust funds, are omitted in the above statement. No. 2.—Statement of the Expenditures of the Government from 1837 to 1842. Year. Expenditures ex¬ clusive of Public Debt, &c. Public Debt, (old.) Reimbursement of Treas'y Notes. Int'st on Trea¬ sury Notes & Loans. Cost of issuing Treas'y Notes and incident to Loans. Total. 1837 1S38 1839 1840 1841 1842 531,793,287 00 31,567,346 67 25,485,684 42 23,327,272 29 25,874,577 65 24,044,419 73 $21,822 91 2,217 08 16,876 40 11,982 60 7,277 94 5,165 25 $5,588,506 71 10,701,277 13 3,900,033 02 5,308,434 25 7,796,824 84 $14,996 48 399,833 89 174,598 08 284,977 55 773,549 85 $300 00 11,438 56 741 02 500 00 7,695 17 8.018 38 $31,815,409 91 37,184,505 50 36,604,412 86 27,414,385 99 31,482,962 56 32,627,978 06 162,092,587 76 65,342 18 33,295,075 95 1,647,955 85 28,693 13 197,129,654 87 Note.—The expenditures on account of trust funds are omitted In the above statement. 8 No- 3.—H statement exhibiting the value of met ehandise imported during the quarter ending on the 31.*< of December, 1841, on which a duty of 20 per cent, ad valorem was imposed by the act of September 11, 1841. On worsted stuffs - silks .... silk and worsted goods linens .... sheeting, brown and white ticklenburgs, osnaburgs, &c. $402,1 >-8 1,838,877 247,358 738,493 34,254 26,892 3,288,062 cocoa ... $28,198 almonds ... 63,508 currants ... 40,765 prunes ... 31,489 'figs - - 31,614 Duties on articles above enumerated, viz : - Duties on articles not enumerated On raisins nutmegs - cinnamon cloves pepper pimento - ginger - camphor - 620,S06 7,657 1,274 12,611 28,918 44,646 140 1,434 $4,201,121 at 20 p. c. 2,459,790 913,059- $4,201,121 5,660,911 840,224 20 491,958 00 1,332,182 20 Duties assessed on articles free previous to the 1st of October, 1841 ... $840,224 20 Estimated increased duties on articles paying specific rates less than a duty of 20 p. c. 70,000 00 Treasury Department, Register's Office, March 30, 1844. $910,224 20 T. L. SMITH, Register. No. 4. A statement exhibiting the value of Merchandise paying duties, and the amount of duties which accrued annually from 1834 to 1843, inclusive. Years. imports. Average rate per centum ad valorem. Value paying duty. Duties. To 31st Dec. 1834 1835 1836 1837 1838 1839 1840 1841 1842 To 30th Sept. 1843 $55,676,524 75,839,838 101,783,389 60,689,479 61,385,173 82,6-27,020 47,551,628 65,533,304 62,002,325 41,576,116 $18,960,705 95 25,890,726 66 30,818,327 67 18,134,131 01 19,702,825 45 25,554,533 96 15,104,790 63 19,919,492 17 16,622,766 34 14,637,053 82 34 per cent. 33 " 3U* " 30 « 30* " 31 " 31 7-10 " 32 1-10 « 26 8-10 « Treasury Department, Register's Office, March 25, 1844, T. L. SMITH, Register. A statement exhibiting the value of Merchandise imported paying, duty, and the amount of duties which accrued annually thereon during the years ending Dec. 31, 1841,1842, and to Sept. 30,1&43. Years. 1841—1st qr. 2d " 3d " 4th « 1842—1st qr. 2d " 3d " 4th « 1843—1st qr. 2d " ' 3d " imports. Dutiable value. Duties. $17,626,103 14,380,295 18,877,598 14,649,308 $5,506,378 41 4,555,472 83 5,922,218 46 *3,935,424 47 $65,533,304 $19,919,492 17 $24,476,310 ' 17,990,185 12,307,328 7,228,502 $6,060,557 48 4,681,054 42 +3.314,715 94 2,566,438 50 $62,002,325 $16,622,766 34 $10,441,567 11,509,046 19,625,503 $3,391,754 55 4,585,942 20 6,659,357 07 *Act September 11, 1841, t Act August 30, 1842. No. 5.—Some of the Expenses of Florida War. For charter of steamboat Watchman, $450 per day, or $164,250 per year. For charter of steamboat Mobile, $465 per day, or $169,725 per year. For charter of steamboat Anna Calhoun and two barges, $400 per day, $146,000 per year. For charter of steamboat Henry Cromwell, $300 per day, or $109,500 per year. For charier of steamboat Le Flore, $200 per day, $73,000 per annum. For charter of steamboat Florida, $3,000 per month, $116,000 per annum. For charter of steamboat John McLean, $4,000 per month, or $48,000 per annum. For charter of steamboat John Adams, $4,000 per month, or $48,000 per annum. For charter of steamboat Attawaba, $5,000 per month, or $60,000 per year. There were chartered, during the year 1837, thirty steamboats, forty-three schooners, two sloops, twenty-five brigs, and six ships, making in all one hundred and eleven vessels. Vol. 3, Sen. Doc., 2d Sess. 25th Congress, report by T. Cross, Acting Quartermaster General. PRINTED AT GIDEON'S NINTH STREET, WASHINGTON. LETTER OF HON. D. D. BARNARD, OF NEW YORK. IN REVIEW OF THE REPORT OF THE COMMITTEE OF WAYS AND MEANS ON THE FINANCES AND THE PUBLIC DEBT. Having failed, notwithstanding the most strenuous efforts, to obtain a hearing in the House of Repre¬ sentatives when the civ il and diplomatic appropriation bill was under consideration, I feel constrained, by the interest felt in the subject on which I wished to have been heard, to ask for a place in your paper for this communication to the public. The report made to the House of Representatives on the 11th of March last, by the majority of the Committee of Ways and Means, contains a statement in regard to the public debt which is so put forth as to cast the responsibility of creating a very large proportion of that debt on the 27th Congress. This 1 hold to be unjust; and, as a member of that committee, as well as of the 27th Congress, dissenting from that report, 1 wish to be allowed to present a statement which may serve to correct the very flag¬ rant error and injustice, as I conceive, which have thus been committed. 1 shall do this in the briefest possible form. The whole debt of the United States, as it stood on the 1st of December, 1813, was $26,742,949 99, according to the statement of the Secretary of the Treasury in his annual report at the commencement of the present session. This does not include, however, by a great deal, all the actual indebtedness of the Government. (Vide statement A annexed.) It is the formal public debt only that is here exhibited. (Vide statement B annexed.) The portion of this debt which is of recent date, consisting of loans and Treasury notes, amounted on the 1st of December last to ----- $25,182,088 83 The true amount of Treasury notes outstanding on the 4th of March, 1841, (vide statement C annexed) was -------- 6,103,519 28 Leaving the sum of-------- $19,078,569 55 as the amount of the debt on the 1st December last, exclusive of Treasury notes outstanding on the 4th March, 1841. Now, it is in reference to this portion of the recent debt that the majority of the committee have made the statement which I propose to consider and correct. I quote from the report : "In this way a debt, in the shape of Treasury notes outstanding, to an amount not probably varying very materially from $6,000,00(1, had been contracted at the time when the present Administration came into power, on the 4th of March, 1841; and that debt, thus commenced, has, since that time, and up to the 1st day of December last, been swelled to the startling amount of more than $25,000,000—more than $21,000,000 of which has been made to assume the permanent form of loans for a term of years, and the residue yet retains the form of Treasury notes outstanding. De¬ ficiencies in the current and accruing revenue, to meet the annual appropriations, have accumulated this amount of debt in this short period, and more than $19,000,000 of it within two and three-quarter years—being from March 4, 1841, to December 1, 1843, anil all within the life of this Administration—• next preceding the 1st day of December last." The substance of what is here stated is this : First. That a debt of more than $19,000,000 had been accumulated, in other words, created, since the 4th March, 1841, and up to the 1st of December, 1813; and Next, That this debt had been accumulated by deficiencies in the current and accruing revenues to meet the annual appropriations, or the current and ordinary expenses of the Government, the respon¬ sibility for which rested on some body "within the life of this Administration"—of course, on the27lh Congress. How just and true all this is I propose now to show. The country will judge what authority or pre¬ tence the committee had for this official statement, involving the 27th Congress in the charge of having created a debt of nineteen millions of dollars. I will undertake to show that no part of this debt has been accumulated or created since the 4th of March, 1841—at any rate, that the 27th Congress is not justly responsible for one dollar of it. The body of this debt has shown itself, and been formally assum¬ ed, since that period—not created. To make this clear, I will show the sources of the debt: First. In the heavy charges on the Treasury, in the shape of appropriations, created by (he legisla¬ tion of Congress before the 4th of March, 1841, and then outstanding, without any adequate provision for revenue to meet them. Next: In a heavy amount of arrearages and liabilities, of a date prior to the 4th March, 1841, for which the 27th Congress made the necessary provision ; and— Finally : For the expenses (as the payment of interest) accruing in the time of the 27th Congress, and necessarily consequent on the existence o'f the debt, charges, liabilities, and arrearages prior to the 4th March, 1841, and the neglect of the preceding Administration to provide lor them. I take the debt (I mean that portion of it now charged to have been created by the 27th Congress) at the nominal amount already stated, viz. $19,078,569 55, because it so stood on the books of the Treasury on the 1st December last, though there was then on hand some two millions and a qilotter in cash, the proceeds of one of the very loans which went to make up the debt, and which might, and should in all fairness, have been noticed w hen the honorable Chairman of the Committee of Ways and Means was making up his charge. Nevertheless, let the debt stand at the nominal sum just stated, viz. $19,078,569 5A Primed at Gideon's Office, Ninth street, Washington. Now, in the firsf place, the charges on the Treasuiy, in the shape of appropriations made by Coa- fress prior to the 4tri March, 1841, and then outstanding, according to the report of the Secretary of the 'reasury of June 2, 1811, (House Document No. 2, 1st session, 27th Congress,) the particulars of which are given in statement A, accompanying the report, were ... $28,139,398 13 But from this sum should be deducted the amount which was subsequently carried to the surplus fund, as not required for the objects for which appropriations had been made. This amount was ........ 138,877 99 Leaving the amount to stand at ...... $28,000,520 13 This sum is the true amount of the whole of the charges resting on the Treasury, under existing ap¬ propriations, on the 4th of March, 1841. Every dollar of this amount was a charge which the Treasury, at some rate, and at some time, must meet and pay—just as much as if it had stood in the shape of stock, or of Treasury notes. We have a system of annual appropriations for the public service ; and these annual appropriations, according to our mode of conducting the fiscal operations of the Government, are to be met by annual revenues, deiived almost wholly from two sources—customs and lands ; and if they are not thus met, the appropriations lor any year exceed the proper revenues of tlqrt year, the excess is a public debt, created, in fact, when the appropriations are made, though it does not lormally appear, until the amount Stands as a deficit on the books of the Treasury. The appropriations for the year 1341 were made, of course, by the 26th Congress—in the-short session of 1840-'41 ; and they should have been met and covered by the revenues derived from ordinary sources accruing in the year 184!, as provided by the legislation of the preceding period. If they were not, the excess was a debt created in that preceding period. I proceed now to ascertain what this excess was, accruing within the period from the 4th of March, 1841, to 31st December of that year. And, to find this, we want the two elements, or data, already suggested : First. The true amount of proper appropriations for that period which were outstanding on the 4th of March, 1811. Next. The true amount of revenue from ordinary sources, applicable to the appropi iations for the same period, accruing after the 4th of March, 1841. under the legislation of the preceding time. In regard to the appropriations outstanding on the 4th of March, 1841, they were considerably more than the appropriations actually made for the year 1841. There was included in them a considerable sum, which were the balances of appropriations unexpended, made for the preceding and former years. These amounted on the 4th of March to $8,430,301 50. (Vide Table A, House Doc. No. 2, 1st Sess. 27th Congress.) Ordinarily, these balances of old appropriations have not been taken into the account as a part of the current charge on the Treasury for the year, because it has been supposed that at the end of the year an equal, or nearly equal, amount of the current annual appropriations will be found standing over to the next year, and so on from year to year. However true this may have been in former times, it will be found, in the sequel, that these old balances, which have heretolore been very heavy, and were so in the beginning of the year 1841, have now been greatly reduced. The reduction will be more than five and a half millions by the close of the present fiscal year; and this will be so much paid beyond the proper yearly appropriations for the time. But I shall recur to this matter shortly. At present, in order to disembarrass and simplify the financial statement I am making, I shall deduct from the aggregate of the appropriations outstanding on the 4th of March, 1841, as already found, viz. - $23.000^520 13 The full amount of the old balances outstanding on the same day, viz. - - 8,430,301 50 The amount remaining, is ...... $19,570,218 63 And this is the true amount of proper appropriations for the year 1841, reinaining-as a charge on the Treasury to be met and paid between the 4th of March and the 31st of December, 1341. It includes not only the specific appropriations for the year, but also what are usually called the "indefinite and permanent" appropriations falling on the same period. The next thing is to find the amount of levenue applicable to this amount of appropriations, accru¬ ing or coming into the Treasury from the 4tll of March, and up to the end of the year, as provided by preceding legislation. The aggregate receipts of revenue from ordinary sources in the year 1841—that is, from all sources except from loans and Treasury notes, but including $630,162 55 from funds existing before 1841, ac¬ cording to the report of the Secretary of the Treasury at the commencement of this session, (vide tabla C, House document No. 7, 1st session, 28th Congress,) were - $16,632,455 55 Of which amount there ha t been received before the 4th of March, (vide House doc. No. 2, 1st ses., 27th Cong.,) the sum of ----- - 2,428,217 67 Showing the amount of receipts from the 4th of March to have been - - - $14,204,207 83 But to this amount must be added the sum standing as a balance in the Treasury on the 4th of March, 1841, (vide same doc. No. 2,) which was - - - 572,718 48 Making together - - - - - - - $14,776,926 34 And this sum shows the full amount which came into the Treasury, or was available from ordinary sources, for the service of the period between the 4th of March and the 1st of December, 1841. It in¬ cudes, however, a considerable sum which was brought into the Treasury by legislation had subse- 3 quentto the 4th of March, and is more, therefore, than should go to the credit of the legislation of the preceding period. The 26th Congress must be charged with the proper appropriations for the period 1 am considering, and should be credited with all the receipts of revenue proper within that period, which were the fruits of its own revenue policy, and no more. Customs and lands were the sources of revenue—of all of it, except some inconsiderable sums from miscellaneous sources. The land sales were running low, and so were duties. The country was under the compromise act. Duties were sinking, and more than half of all the imports were free of duty. In 1640 the imports paying duty were $40,945,315, the imports free of duty were $57,196,204, and the nett revenue from duties was only $10,159,339 44. This is the exhibit of 1he principal source—the main reliance for revenue, in the year preceding the accession of the 27th Congress; and the 26th Congress rnade.no effort to improve the finances. The Secretary of the Treasury, (Mr. Woodbury,) proposed a modification of the tariff, but the 26th Congress would not touch it. The Sec¬ retary's alternative was "to push reductions vigorously," that is, to endeavor to bring down expen¬ ditures to the condition of the Treasury when the supply from its main source had shrunk to ten mil¬ lions. That was a task beyond the thrift of the 26tn -Congress. That Congress served an Adminis¬ tration which had expended, on an average, $27,926,630 97 a year, for ordinary service only; and which in four years had expended, for ordinary service, $30,194,777 over and above all the receipts into the Treasury from ordinary sources of revenue. (Vide table C annexed.) It was rather late, in the last hours of that Administration, to talk to that Congress about "pushing reductions vigorously." And the 26th Congress went out, leaving appropriations behind it vastly greater than the revenues could possibly meet, arid leaving more than $6,000,000 of Treasury notes outstanding, and without any attempt to improve the finances. A new loan of $5,000,000, in the shape of Treasury nofes, was authorized. The 27th Congress, which came together in extra session, passed an act subjecting several important articles then free to duties, and raising duties on other articles. This act was passed on the 11th September, 1841, and went into effect on the 1st of October. It produced, according to a statement mads at the Register's office, within the remainder of the year 1S41, $910,224 20. Tlie whole receipts in 1341, from the 4th of March, as I have stated before, were - $14,776,926 34 From this deduct the extra amount received under the duties act of 1341, which was 910,224 20 Leaving the sum of ........ $13,866,702 14 ■which was the actual amount of revenue received in 1841, after the 4th of March, from ordinary sources, and which was the fruit of the financial policy which existed when the appropriations for that period were made. The difference between this sum and the amount, which we have already ascertained as the proper appropriations for the same period, will be the excess we have been looking for, and will show the actual debt on this account, created by the legislation of ttie 26th. Congress in providing in¬ adequately for the service of the year 1341, following the close of that Congress. The proper appropriations for 1841, outstanding on the 4th of March, as already as¬ certained, were ......... $19,570,216 63 The receipts, as above stated, were ....... 13,866,702 14 The difference is ........ $5,703,514 49 And this sum—an unliquidated charge on (he Treasury, created, not in 1341, and by the 27tii Con¬ gress, but created prior to the 4th of March, and by the 25th Congress—is one important item in the debt of $19,078,569 55, which I am endeavoring to account for. I proceed now to look after the balances of old appropriations outstanding on the 4th of March, 1841. The whole amount of these old balances was a charge left by the Administration which went out on the 4th of March, to fall on the Treasury in the year 1841, or, at any rate " in the life" of the next Congress. They might, however, and 3hould be, left entirely out of our calculation in the inquiry we are now pursuing, if the like amount of the proper appropriations for the year 1841, or the like amount of old balances at the close of the year 1841, were lound standing over to the'year 1842, and so on from year to year. But it is evident that if these old balancps'have come to be materially lessened in amount, just to that extent should this charge on the Treasury, left outstanding on the 4th of March, be passed to the credit of the Treasury since that period, as so much paid over and above all payments on ac¬ count of current annual appropriations. Now, we have, in the annual report of the Secretary of the Treasury at the commencement of this session, a statement by which it appears that at the close of the present fiscal year, that is to say, on the 30th of June, now just at hand, the balances of appropriations standing over to the next fiscal year will be only $2,608,026 06. In another communication, as late as the 1st of April, lie states them a little higher, viz: at $2,710,400 73. And if we suppose this result attained without a deficit at the Treasury at that period, and also without any further increase of debt in the shape of loans or Treas¬ ury notes, then it is clear that, besides paying all current annual appropriations, applicable to the pub¬ lic service, since the 4th of March, 1841, with the exception only of the sum of $2,608,026 06, or of $2,710,400 73 ; besides all this, and in addition thereto, there will have been paid out of the Treasury, with the aid of the very loans and Treasury notes which go to make up the existing public debt, the whole amount of the old balances outstanding on the 4th of March, 1841, viz: $8,430,301 50. The difference between this amount of old balances and the amount of the balances of appropriations made since the 4:h of March, 1841, and outstanding at the end of the present fiscal year, w ill show the true amount, which, on account of those old balances, has gone to swell the sum of the existing debt. The old balances outstanding on the 4th of March, 1841, were ... $8,430,301 50 The balances of appropriations since 4th of March, 1841, and which will be outstand¬ ing on the 30th June, 1843, (I take the largest sum,) will be 2,710,400 73 The difference is - -- -- -- - 5,719,900 7? 4 But we must see that this result will be attained without increasing the public debt beyond what it was on the 1st of December last, and without a deficit at the Treasury in the accounts of the present fiscal year. There can be no pretence that the debt will be increased ; that is, there will be no increase of loans or Treasury notes, and there will be 110 accumulation of interest on those already existing. This is all provided for. And as to a deficit at the end of the present fiscal year, it is now certain that there will be none. It is true that, the Secretary, in his annual report, shows a deficiency by the estimates then presented of $'2,527,264 17. But we all know how vastly the importations and receipts from customs have been swelled beyond the expectations at that time entertained. In a subsequent communication to this House, dated the 1st of April, (Ho. doc. No. 222,) the Secretary sets down the receipts from customs at upwards of three millions more than his estimate in his annual report. This, of itself, would dis¬ pose of the deficiency shown in that report, and leave a balance in the Treasury enough to cover any additional appropriations, if there should be any beyond those already in the estimates, which may be made at this session in aid of the service of the present fiscal year. But this last amount of receipts from customs, as stated by the Secretary on the first of April, is still below the mark. In this statement he gives the actual receipts up to the 29th of February—which he could do perhaps by the first of April, with tolerable accuracy—and he submits an estimate of the re¬ ceipts for the four months, from 1st of March to 30th June, which he puts down at $5,600,000. This, it is quite apparent now, is far below what the true amount will be. Ttie gross receipts at the port of New York alone in two months out of the four, that is, in March and April, have been $3,581,626. The usual estimate at the Treasury is, that half as much comes in at all the other ports as at New Y'ork. By this estimate $1,790,813 must have been received in those two months in all the other ports ; and the whole receipts would be $5,372,439. This for two months only. And I know of no reason why the next two months, May and J une, should not produce as much more, making altogether, in the four months, $10,700,000 gross receipts. The receipts in New York for April were higher, by $"200,000, than in March. It will be deemed now a very moderate estimate, if I set down ttie nett receipts from customs in these four months at $8,600,000, instead of the $5,600,000, as set down in the Secretary's communication of the 1st of Apiil. This, with the actual receipts from customs up to the 29th of February in the fiscal year, which were $15,102,688 26, will make the total receipts from this source $23,702,688 26. The estimate in the annual report of the Secretary, including the actual receipts for the first quarter, was $17,432,272 09. The difference is $ ,270 416 17. And this amount woqld cover and cancel the estimated deficiency, as stated in the annual report, of $2,527,264 17, and leave a balance in the Treasury, at the end of the present fiscal year, of $3,743,152. But the state of the Treasury at the close of the fiscal year, as shown in the Secretary's letter of the 1st of April, vaiies from that shown in the report, according as things had thus far actually disclosed themselves. The deficiency is set down in this letterat $951,771 36. But in this statement his estimate makes the receipts from customs still amount to only $20,702,688 26, and I have shown, I think, from what we now know, that they will exceed that sum by at least $3,000,000. This amount will cover and cancel the last estimated deficiency, and leave a balance in the Treasury of $2,048,228 64. In any event, it is certain that the state of the Treasury at the close of the present fiscal year will show no deficit. At that day the balances of unexpended appropriations, according to the Secretary, will be only $2,710,400 73, instead of $8,430,301 50, which were the balances of old appropriations standing over on the 4th of March, 1841. This latter sum, which was a charge on the Treasury—a debt—created prior to that day, and then outstanding, has been fully paid off since that period ; and in addition thereto, all the regular current appropriations for the whole time from the 4th ot March, 1841, to the 30th of June, 1S44, have been, and will have been, paid on the day last named, except only the sum of $2,710,400 73. The difference between these two sums, which ts $5,719,900 77, is exactly the amount from this source, which now appears iu the formal debt of $19,078,569 55, which the report of the majority of the Committee of Ways and Means accuses the 27th Congress with having created. I proceed now to another considerable item which must be added to the sums already found, and with them set down to the account of the 26th Congress, or the last Administration, though it is now includ¬ ed in this heavy amount of public debt with whicn the 27th Congress stands charged. It is well known that the last Administration neglected to provide for very many cases of well- ascertained indebtedness and liability. The 26th Congress refused to appropriate money to pay the inilitia which had been employed in Florida, or to provide for the necessary expenses of the Q-.arter- master General's Department of the army. The arrearages " for preventing and suppressing Indian hostilities" alone, as presented in the estimates to that Congress at its second session, and for which it refused to provide, were $825,637 86. There has since been ascertained and paid, as due for ser¬ vices prior to the 4th of March, 1841, to the militia of Georgia, Florida, Alabama, and Louisiana, the sum of $650,000. The Post Office was indebted nearly half a million, which has since been paid. And even the expenses of the 26th Congress* itself were left unpaid, and unappropriated for, to the amount of $98,335. This we have paid. The Navy Pension Fund, too, had been completely exhausted. I have looked with some care into the items of appropriation since the 4th of March, 1841, for arrear¬ ages and liabilities existing prior to that time, and I find them to amount to a very large sum—much larger than the amount as it is stated in an official document. I make the sum nearly $4,000,000; and this exclusive of near $3,500,000 appropriated for fulfilling Indian treaties, made before the 4th of March, 1841, and under our Indian relations as they existed prior to that date. But I prefer to take the official statement, in order to keep myself above all cavil in this matter. In a letter from the Secretary of the Treasury, dated May 18, 1843, and which was received at the office of the Clerk of the House of Representatives after the adjournment of Congress, (vide House 5 Doc. No. 185, 3d Sess., 27th Congress,) there is a "Statement of the amount of appropriations which had been made since the 4th day of March, 1841, for arrearages or liabilities existing prior to that time," and the amount is set down at $3,289,534 89. To this statement there is a note annexed, in which it is said that this sum is only an approximation to the true amount; and reference is made particularly to some appropriations, indefinite in their character, which are not included, because the amounts had not been, and could not yet be, ascertained. But I adopt the amount as stated, and as being, at this day, quite within the amount actually paid out of the Treasury for these old arrearages and liabilities. This sum, at least, wili not be deemed a debt created by the 27th Congress, though it appears undoubtedly in the nineteen million debt which i3 charged to its account. There is one other item which must be brought into this settlement of accounts between the 27th Congress and the late Administration. The Treasury has been burdened with various and heavy ex¬ penditures necessarily incident to the insolvent condition in which it was left on the 4th of March, 1841. An extra session of Congress became indispensable. But I shall not enter into these extraordi¬ nary burdens. One item of expenditure, however, is too important to be passed over. I mpan the interest account—this must be considered. It will appear conclusively, in the summing up of the whole matter, that the nineteen million debt has not been created for the proper service of tne Govern¬ ment since the 4th of March, 1841, but that the whole of it, as it stands in the shape of loans and Treasury notes—if we except an amount equal to that which has been paid for interest—was tor cash raised to meet charges on the Treasury for which no provision had been" made, and arrearages and lia¬ bilities, all existing prior to the 4th of March. But the interest surely must be carried lo the same quarter where the principal properly stands charged. The debt and the interest on it are inseparable. They go together. All the interest which has been paid on loans and Treasury notes since the 4th of March, 1841, and which shall be paid down to the close of the present fiscal year, to which period the administration of the finances, under the legislation of the 27th Congress extends, should be credited to that Congress, and charged to the preceding Administration, as a part of the burden of pecuniary debt and obligation bequeathed by that Administration to the 27th Congress. In fact, existing loans and Treasury notes have been swelled in amount by the necessity of meeting this very interest account, inasmuch as the current revenues could not be depended on, by anticipation, up to the present time, for more than to meet the current and ordinary expenses of Government. I give the amount of interest from a statement which I have obtained from the office of the Register •of the Treasury : The interest paid on loans and-Treasury notes from the 4th of March, 1841, to the 23d of May, 1844, when this account was obtained, was ----- $2,861,034 26 The interest that shall be paid on Treasury notes from the last date to the close of this fiscal year cannot well be estimated, and is therefore wholly omitted; but the interest on loans payable at the close of this fiscal year, and for which the warrants will issue be¬ fore the close of the year, will be------ - 506,473 37 Making the payments of interest, all together, amount to $3,367,507 63 I am now prepared to sum up my work and show results, only desiring that it shall be borne in mind that I take the statement of the public debt as it was made on the 1st day of December last, and that we know the amount is certainly not greater now than it was then, nor will it be at the end of the pre¬ sent fiscal year. Whether it is equal to what it then was, I shall inquire directly. The debt charged by the majority of the Committee of Ways and Means to have been created "in the life of this Administiation," that is, by the 27th Congress, stands at - - $19,078,569 55 The per contra account, as already ascertained, stands as follows : 1st. The excess of appropriations for the service of the year 1841, and outstanding on the 4th of March, over and above the revenue from ordinary sources, provided by previous legislation to meet the appropriations ...... $5,703,514 49 2d The balances of old appropriations outstanding on the 4th of March, 1841, and paid oft' since, taking only the amount remain¬ ing after deducting the unexpended balances of appropriations at the close of the present fiscal year .... 5,719,900 77 3d. Amount paid since the 4th of March, 1841, for arrearages and liabilities existing prior to that date .... 3,289,534 89 4th. Amount paid for interest on loans and Treasury notes - 3,367,507 63 Making the per contra account, all together, stand at - - - 18,080,457 78 And showing an apparent balance of debt against the 27th Congress of - - 998,111 77 instead of $19,078,569 55, with which it stands charged by the majority of the Committee of Ways and Means. But the balance just exhibited is only apparent, not real. In the first place, taking the debt at the amount at which it has been-charged, arid as I have taken it all along, so that the balance against the 27th Congress would stand, as just stated, at - - - - - - $998,453 93 Yet, I have already showD, satisfactorily I trust, that there will be a balance in the Treasury at the end "of the present fiscal year of ----- 2,048,228 64 The difference is 1,049,774 71 6 Showing an excess of means to pay the balance of debt against the 27th Congress by that sum. The casli in the Treasury at this time must be much more than 1 have stated it would be at the end of the fiscal year. It stood a few days ago, I believe, when there was a responsible Secretary in the Department, at about $5,000,000. But whether there shall be any balance in the Treasury at the close of this fiscal year or not, pro¬ vided only there be no deficit, of which there can be no doubt, no portion, however small, of the nine¬ teen million debt will stand chargeable to the account of the 27th Congress. In fact, the debt itself, if we take it at the present date, oi at the close of this fiscal year, is set down at quite too high a sum. It stood on the 1st of December last, nominally (for there was then a balance in the Treasury of two or three millions) at the sum of $19,078,5£9 55, of which $1,165,225 92 were Treasury notes outstanding on that day. But the published official statement of the Treasury notes outstanding on the 1st of June (the present month,) shows that the amount has been reduced, since the 1st of December last, to .$2,353,462 31. The difference is $1,811,743 61. No doubt, 1 suppose, the amount of Treasury notes will be still further reduced by the close of the fiscal year. The nominal debt, therefore, charged against the 27th Congress, of - - - $19,078,569 55 Has already been reduced by payments to the amount of - - - - . 1,811,743 61 And the debt now stands at the sum of ...... 17,266,825 66 The per contra account, however, is - - - - - - • 18,080,457 78 And the balance in/aror of 27th Congress is ..... 813,632 12 And now, after this showing, it can hardly be necessary that I should again formally deny the charge made against the 27th Congress bythe majority of the Committee of Ways and Means. That Congress created no public debt whatever—not a dollar. It took the charges, liabilities, and indebted¬ ness as they stood against the Treasury, unprovided for, on the 4th of March, 1S41 ; it assumed the payment of them ; it borro wed money to meet these public engagements, and it has met and discharged them. The proceeds of its loans and its Treasury notes have gone to make these paym -nts, and to pay interest and meet the expenses necessarily attendant on the transaction. In the mean time, and moreover, it has, by its financial policy and its economy, provided for the payment of all the current and ordinary expenses of the Government, as regulated by its own appropriations, taking the whole period together, with the revenues derived from ordinary sources only, and either it will leave, at the close of this fiscal year, (to the end of which its appropriations and its policy extends,) a handsome balance in the Treasury, or it will have paid off, by that time, with surplus revenues from ordinary sources, a handsome portion of the public debt. It should here be remarked that, possibly, the unexpended balances at the close of the present fiscal year may be larger than the estimate of them by the Secretary. This, however, cannot vary the true result of the calculalions in the statement 1 have made. For, just in proportion as these balances shaLi be found to be larger than the estimate of the Secretary, (if larger at all,) will be the increase in the amount of the surplus then in the Treasury over the amount at which I have stated it. 1 might well leave this matter where it now stands; but I cannot content myself without presenting another view of the subject, which, in the briefest possible way, demonstrates, as I think, that the 27tn Congress could not have created any public debt whatever. This is shown by comparing the appro¬ priations made by that Congress, (and it surely is not responsible for preceding appropriations, except what are called the "permanent and indefinite appropriations," which I shall include) with the actual receipts of revenue from ordinary sources under its own financial policy. I take the amounts, as I here'set them down, from official documents, or from statements obtained at the Treasury Department. The appropriations made by tile 27th Congress were as follows : At the extra session, in aid of the service of the year 1841 .... $5,042,705 OS For the year 1842 .... ..... 20,071,277 58 For the half calendar year in 1843, and for the fiscal yeai ending June 30, 1844 - 24,669,145 70 To these add the amount of" permanent and indefinite appropriations," viz : For 1842 - - - - - - ... $932,000 00 For half calendar year in 1843 732,612 49 For the fiscal year ending on 30th June, 1844 .... 690,000 00 2,354,642 49 Total appropriations for the period ...... $52,137,770 79 The receipts of revenue from ordinary sources, exclusive of loans, Treasury notes, and trust funds, in the same period, and applicable to these appropriations, have been as follows: In 1841, the extra revenue received under the duties act of September 18, 1841 - $.910,224 20 In 1842, per table C, in rep. Ho. Doc. No. 7, 1st session, 2Sth Congress - - 19,643,966 40 In 1843, per same table, completed in manuscript from hooks of the Treasury - 19,257,833 10 In 1844, to the 30th June. This must be estimated. I refer to what I have before said in regard to receipts from customs. The receipts from customs for the six months cannot be less than - - - - - $12,900,000 Add from lands and miscellaneous sources .... 1,100,000 14,000,000 06 Total receipts for the period ....... 53,812,023 70 From this amount I deduct the sum paid over to the States, under the distribution act 7 of September 4, 1341, as withdrawn from receipts applicable to appropriations for ordinary service, viz: - - - - - - . 616,987 IT Total receipts applicable to ordinary service ..... 53,195,086 53 Excess of receipts over appropriations for the period .... $1,057,315 74 This exhibit must make it perfectly clear that the 27th Congress could not have created, as it had no possible occasion to create, any amount of public debt whatever, to meet any plan of extravagant or profuse expenditures of its own. The whole of its own appropriations, except for the public debt, for the entire period, with the " permanent and indefinite" appropriations added, were only about fifty-two millions ; and there have been available receipts, applicable to these appropriations, from ordinary sources, without a shilling from loans or Treasury notes, to the amount of fifty-three millions— enough to meet all the appropriations, and a million to spare. And these appropriations, too, included more than three millions for arrearages and liabilities existing prior to March 4, 1841 ; so that, in truth, the receipts of revenue proper, applicable to appropriations made by the 27th Congress for the proper, current, and ordinary service of the period, would seem to have exceeded, or will do so by the 30th of June next, all those appropriations by more than four millions of dollars. But I take leave of the subject, hoping and trusting sincerely that, from this time forward and for¬ ever, we shall hear no more, from any quarter, of the Administration of the 4th of March, 1841, or the 27th Congress, having created a debt of nineteen millions of dollars, or a debt of any other amount whatever. The truth is, that the whole debt belongs properly and righteously to the preceding tirre. The Ad¬ ministration of that time is properly chargeable with $'25,000,000 of existing public debt, added to $24,000,000 received from extraordinary sources, and actually expended, over and above all sums re¬ ceived from ordinary sources of revenue. These two sums, making together $49,000,000—first, how¬ ever, reducing the amount by whatever sum ought fairly to stand to its credit on account of the burdens thrown upon it by the Administration which went immediately before it—show truly, according to my honest conviction, what that Administration actually cost the country, over and above the ordinary revenues with which it was supplied. For this a just responsibility now rests upon it. There may¬ be some good way of accounting for this enormous expenditure—of explaining and justifying tha heavy outlay of money and credit. Of that I say nothing. It is the fact only of this heavy outlay t® which I advert, and that I believe to have been as I have stated it. D. D. BARNARD. Washington, June 10, 1844. STATEMENT A. Amount of public debt and liabilities existing on the 4th March, 1841, exclusive of all liabilities then existing in the shape of appropriations outstanding for the current service of the Government, and for which no adequate revenue was then provided. [In this statement no account is made of the ith instalment under the deposite act, or the heavy amount claimed to be due for French spoliations on commerce prior to 1800.] Debt of the cities of the District of Columbia, assumed by the United States, exclusive of interest, Old funded and unfunded debt, Stc., ....... Treasury notes outstanding ........ Amounts invested, or required to be invested, for Indians and Indian tribes, and on which interest was payable annually, ...... Amount required to make good a deficit in the Navy pension fund, and for which the Government is liable as a trustee, ....... Annuities due to Indians and Indian tribes, (amounting to $572,653 yearly,) the purchase or value of which, estimated in a principal sum, is not less than - Arrearages and liabilities on various accounts, other than on account of engagements and stipulations with Indians, as now ascertained in payments and appropriations already made since 4th March, 1841, ------- Arrearages and liabilities to Indians and Indian tribes, (exclusive of annuities and interest,) as now ascertained by payments and appropriations made since the 4th of March, 1841, - $1,440,000 0* 331,698 27 6,103,519 28 2,580,000 00 1,200,000 00 5,000,000 00 3,933,613 0« 975,602 "9 $21,53-1,438 34 8 STATEMENT B. Statement of the total debt of the United States according to the last account rendered by the Register of the Treasury. Total debt of the United States 86 Redemption from January 1 to March 4, 1841 ... 647,590 09 20,837,406 95 Outstanding on 4th of March, 1841 ...... $6,103,519 28 STATEMENT D. Taken from an official statement obtained at the Treasury Department. Expenditures exclusive of payments on account of the public debt, trust fund, SfC. From March 4, 1837, to March 3, 1838 - - - - $33,079,2S6 24 From March 4, 1838, to March 3, 1839 - - - 31,446,429 95 From March 4, 1839, to March 3, 1840 - - 24,266,817 58 From March 4, 1840, to March 3, 1841 ... - . - 22,921,990 11 Aggregate ......... 111,714,523 88 Average yearly ......... $27,928,630 97 Expenditures during four years, 1837 to 1840, or to 4th March, 1841, over and above receipts from ordinary sources of revenue. Available balance in the Treasury January 1, 1S37, (vide table C, Ho. Doc. No. 7, 1st Sess., 2Sth Cong.) - - - $16,087,287 88 4. From which deduct balance in Treasury 4th March, 1841 - - 572,718 46 ' $15,514,560 42 Received from debts and other funds which existed prior to 1837 - - 8,576,697 53 Treasury notes outstanding March 4, 1841 .... . 6,103,519 28 Total ........ . $30,194,777 23