A Compilation of the Messages and Papers of the Presidents. Volume 2, part 2: John Quincy Adams
History
A Compilation of the Messages and Papers of the Presidents. Volume 2, part 2: John Quincy Adams
Adams, John Quincy, 1767-1848; Presidents -- United States; United States -- History -- Sources; United States -- Politics and government
It may therefore confidently be
foreseen that the revenue of 1829 will equal and probably exceed that of
1828, and will afford the means of extinguishing ten millions more of
the principal of the public debt.
This new element of prosperity to that part of our agricultural industry
which is occupied in producing the first article of human subsistence is
of the most cheering character to the feelings of patriotism. Proceeding
from a cause which humanity will view with concern, the sufferings of
scarcity in distant lands, it yields a consolatory reflection that this
scarcity is in no respect attributable to us; that it comes from the
dispensation of Him who ordains all in wisdom and goodness, and who
permits evil itself only as an instrument of good; that, far from
contributing to this scarcity, our agency will be applied only to the
alleviation of its severity, and that in pouring forth from the
abundance of our own garners the supplies which will partially restore
plenty to those who are in heed we shall ourselves reduce our stores and
add to the price of our own bread, so as in some degree to participate
in the wants which it will be the good fortune of our country to
relieve.
The great interests of an agricultural, commercial, and manufacturing
nation are so linked in union together that no permanent cause of
prosperity to one of them can operate without extending its influence to
the others. All these interests are alike under the protecting power of
the legislative authority, and the duties of the representative bodies
are to conciliate them in harmony together. So far as the object of
taxation is to raise a revenue for discharging the debts and defraying
the expenses of the community, its operation should be adapted as much
as possible to suit the burden with equal hand upon all in proportion
with their ability of bearing it without oppression. But the legislation
of one nation is sometimes intentionally made to bear heavily upon the
interests of another. That legislation, adapted, as it is meant to be,
to the special interests of its own people, will often press most
unequally upon the several component interests of its neighbors. Thus
the legislation of Great Britain, when, as has recently been avowed,
adapted to the depression of a rival nation, will naturally abound with
regulations of interdict upon the productions of the soil or industry of
the other which come in competition with its own, and will present
encouragement, perhaps even bounty, to the raw material of the other
State which it can not produce itself, and which is essential for the
use of its manufactures, competitors in the markets of the world with
those of its commercial rival. Such is the state of the commercial
legislation of Great Britain as it bears upon our interests. It excludes
with interdicting duties all importation (except in time of approaching
famine) of the great staple of productions of our Middle and Western
Public-domain text, read in full here on John Shaqi.
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