Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 4 (of 16)United States. Congress
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Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 4 (of 16)
United States. Congress
Law -- United States; United States -- Politics and government
We have also heard of a project for raising fifty thousand volunteers,
which has, I believe, been very properly stifled in its birth, and we
have appropriated, during the present session, one hundred and fifty
thousand dollars towards the erection, repairing, and completion of our
fortifications. A sum about equal to the expenditure of the British
Government for six weeks, or two months, on a single fortress in the
Province of Canada, and which sum, with us, is to put into a state
of defence, against the naval power of Great Britain, an exposed and
accessible maritime frontier of two thousand miles in extent!
In contemplating war, it is also proper to advert to the state of
the Treasury. Under such an event, and with any serious preparation
for war or actual prosecution of it, the present funds would soon be
exhausted. How soon cannot be stated, because the amount of them cannot
be accurately ascertained. A part, and a considerable part, of the
money now on hand, does not belong to the public. It is the property
of the merchants; it is deposited in the Treasury as in a bank, to be
checked for, whenever that commerce, which Mr. Jefferson, in his Notes
on Virginia, most emphatically says, our country _will have_, shall be
again reopened.
And thus situated, what are the projects offered for replenishing
the public coffers in future? It is the duty of the Secretary of the
Treasury to develop the resources of the nation, and to point out new
sources of supply, whenever the usual channels are impeded. He has
designated three modes. The first, if executed, embraces, in my view,
and I am sorry to say it, a marked violation of the public faith. It
is the suggestion of stopping drawbacks on merchandise, which, in many
instances, the merchants, from a reliance on the stability of your
laws, and the integrity of the Government, have imported expressly for
exportation, and not for domestic use or consumption in this country,
and which exportation you have prevented them, alike contrary to their
inclinations and their interests, from making for a longer period than
ever was known or endured in any other nation.
The second project is one which, in my opinion, would do little honor
to the genius of any man. It is a sweeping project for doubling, at
the moment, the duties on every description of imported merchandise,
on which a duty is now payable. Without notice to the merchant,
without inquiry, without discrimination, without distinction between
the necessaries of the poor man and the luxuries of the rich one;
between the indispensable raw materials of the manufacturer and the
useless decorations of fashion. By which, bohea tea and Madeira wine,
brown sugar and cosmetics, coaches and carpenters tools, are all, by a
single stroke of the pen, raised in the same ratio; and a duty of 100
per cent. on the present rates, without favor or affection, equally
recommended to be imposed on the whole of them.
Public-domain text, read in full here on John Shaqi.
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