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 was the subject of the tariff considered, but this
time, as a matter of absolute necessity, to provide a revenue. Never
before were the coffers and the credit of the treasury at so low an ebb.
A deficit of fourteen millions in the treasury—a total inability to
borrow, either at home or abroad, the amount of the loan of twelve
millions authorized the year before—the treasury notes below par, and
the revenues from imports inadequate and decreasing.
The compromise act of 1833 in reducing the duties gradually through nine
years, to a fixed low rate; the act of 1837 in distributing the surplus
revenue; and the continual and continued distribution of the land
revenue, had brought about this condition of things. The remedy was
sought in a bill increasing the tariff, and suspending the land revenue
distribution. Two such bills were passed in a single month, and both
vetoed by the President. It was now near the end of August. Congress had
been in session for an unprecedentedly long time. Adjournment could not
be deferred, and could not take place without providing for the
Treasury. The compromise act and the land distribution were the
stumbling-blocks: it was resolved to sacrifice them together; and a bill
was introduced raising the duties above the fixed rate of twenty per
cent., and that breach of the mutual assurance in relation to the
compromise, immediately in terms of the assurance, suspended the land
revenue distribution—to continue it suspended while duties above the
compromise limit continued to be levied. And as that has been the case
ever since, the distribution of the land revenue has been suspended ever
since. The bill was passed, and approved by the President, and Congress
thereupon adjourned.
The subject of the navy was also under consideration at this session.
The naval policy of the United States was a question of party division
from the origin of parties in the early years of the government—the
Federal party favoring a strong and splendid navy, the Republican a
moderate establishment, adapted to the purposes of defense more than of
offense. And this line of division has continued. Under the Whig regime
the policy for a great navy developed itself. The Secretary of the Navy
recommended a large increase of ships, seamen and officers, involving a
heavy expense, though the government was not in a condition to warrant
any such expenditure, and no emergency required an increase in that
branch of the public service. The vote was taken upon the increase
proposed by the Secretary of the Navy, and recommended by the President;
and it was carried, the yeas and nays being well defined by the party
line.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account