A Biography of Henry Clay, the Senator from Kentucky: Containing Also, a Complete Report of All His Speeches; Selections From His Private Correspondence; Eulogies in the Senate and House; and a Poem, by George D. Prentice, Esq.
History
A Biography of Henry Clay, the Senator from Kentucky: Containing Also, a Complete Report of All His Speeches; Selections From His Private Correspondence; Eulogies in the Senate and House; and a Poem, by George D. Prentice, Esq.
Clay, Henry, 1777-1852; Speeches, addresses, etc., American
In April, 1820, the subject of a protective tariff came again before
congress. The distress which the country had experienced since 1816,
was seen to have originated, in a great degree, from inadequate
protection, particularly that which had fallen upon the manufacturing
districts. To a bill revising and improving the tariff of 1816, Mr.
Clay gave his ardent support. As on former similar occasions, he urged
its adoption on the high ground of national utility. ‘I frankly own,’
said he, ‘that I feel great solicitude for the success of this bill.
The entire independence of my country of all foreign states, as it
respects a supply of our essential wants, has ever been with me a
favorite object. The war of our revolution effected our political
emancipation. The last war contributed greatly towards accomplishing
our commercial freedom. But our complete independence will only be
consummated after the policy of this bill shall be recognized and
adopted.’ The bill, though passed by the house, was defeated in the
senate.
In 1824, the distress of the country had increased to such an
enormous extent, that the most serious apprehensions began to be
entertained, lest the productive energies of the land would be
completely annihilated, unless some remedy should be devised. There was
no department which did not feel its blighting influence; navigation
and commerce, no less than agriculture and manufactures, tottered
beneath the tremendous weight of gloom, which, like a dense cloud of
ruin, overshadowed the whole nation. Our vessels were either lying
idle at their moorings, or mostly going in ballast; all encouragement
for enterprise was taken away; produce was plenty, but purchasers few;
our granaries and store houses were full to overflowing, and in many
instances, their contents were going to decay; to obtain money, except
at ruinous rates, was out of the question, consequently labor was in
little demand and poorly rewarded; the depreciation of property of all
kinds was unparalleled, and disorder and embarrassment pervaded every
rank and condition of every industrial department. It was under such
circumstances, that a farther revision and enlargement of the tariff of
1816 was proposed. In the house, the committee on manufactures reported
a bill to that effect, at the same time expressing their opinion, that
the evils which then existed, were clearly traceable to inefficient
protection of domestic industry, and of relying too much on foreign
producers, thereby allowing the specie, the life-blood of the country,
to be drained out of it. This defect the bill proposed to remedy. Mr.
Clay came forward in its support, under the most solemn impressions
of the exceedingly lamentable condition which his country was in,
and evinced, by every tone of his voice and look of his countenance,
his deep anxiety to extend to her the hand of speedy relief. ‘If
it were allowable for us at the present day,’ said he, ‘to imitate
Public-domain text, read in full here on John Shaqi.
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