American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.Cooper, Thomas V. (Thomas Valentine)
History
American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.
Cooper, Thomas V. (Thomas Valentine)
Political parties -- United States; United States -- Politics and government
Again, at this session, the object of the tariff occupied the attention
of Congress. The compromise act, as it was called, of 1833, which was
composed of two parts—one to last nine years, for the benefit of
manufactures; the other to last for ever, for the benefit of the
planting and consuming interest—was passed, as hereinbefore stated, in
pursuance of an agreement between Mr. Clay and Mr. Calhoun and their
respective friends, at the time the former was urging the necessity for
a continuance of high tariff for protection and revenue, and the latter
was presenting and justifying before Congress the nullification
ordinance adopted by the Legislature of South Carolina. To Mr. Clay and
Mr. Calhoun it was a political necessity, one to get rid of a
stumbling-block (which protective tariff had become); the other to
escape a personal peril which his nullifying ordinance had brought upon
him, and with both, it was a piece of policy, to enable them to combine
against Mr. Van Buren, by postponing their own contention; and a device
on the part of its author (Mr. Clayton, of Delaware) and Mr. Clay to
preserve the protective system. It provided for a reduction of a certain
per centage each year, on the duties for the ensuing nine years, until
the revenue was reduced to 20 per cent. ad valorem on all articles
imported into the country. In consequence the revenue was so reduced
that in the last year, there was little more than half what the
exigencies of the government required, and different modes, by loans and
otherwise, were suggested to meet the deficiency. The Secretary of the
Treasury had declared the necessity of loans and taxes to carry on the
government; a loan bill for twelve millions had been passed; a tariff
bill to raise fourteen millions was depending; and the chairman of the
Committee of Ways and Means, Mr. Millard Fillmore, defended its
necessity in an able speech. His bill proposed twenty per cent.
additional to the existing duty on certain specified articles,
sufficient to make up the amount wanted. This encroachment on a measure
so much vaunted when passed, and which had been kept inviolate while
operating in favor of one of the parties to it, naturally excited
complaint and opposition from the other, and Mr. Gilmer, of Virginia, in
a speech against the new bill, said: “In referring to the compromise
act, the true characteristics of that act which recommended it strongly
to him, were that it contemplated that duties were to be levied for
revenue only, and in the next place to the amount only necessary to the
supply of the economical wants of the government. He begged leave to
call the attention of the committee to the principle recognized as the
language of the compromise, a principle which ought to be recognized in
all time to come by every department of the government. It is, that
duties to be raised for revenue are to be raised to such an amount only
as is necessary for an economical administration of the government. Some
Public-domain text, read in full here on John Shaqi.
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