State of the Union AddressesPolk, James K. (James Knox)
History
State of the Union Addresses
Polk, James K. (James Knox)
Presidents -- United States -- Messages; United States -- Politics and government -- Sources
Another branch of this system was a comprehensive scheme of internal
improvements, capable of indefinite enlargement and sufficient to swallow
up as many millions annually as could be exacted from the foreign commerce
of the country. This was a convenient and necessary adjunct of the
protective tariff. It was to be the great absorbent of any surplus which
might at any time accumulate in the Treasury and of the taxes levied on the
people, not for necessary revenue purposes, but for the avowed object of
affording protection to the favored classes.
Auxiliary to the same end, if it was not an essential part of the system
itself, was the scheme, which at a later period obtained, for distributing
the proceeds of the sales of the public lands among the States. Other
expedients were devised to take money out of the Treasury and prevent its
coming in from any other source than the protective tariff. The authors and
supporters of the system were the advocates of the largest expenditures,
whether for necessary or useful purposes or not, because the larger the
expenditures the greater was the pretext for high taxes in the form of
protective duties.
These several measures were sustained by popular names and plausible
arguments, by which thousands were deluded. The bank was represented to be
an indispensable fiscal agent for the Government; was to equalize exchanges
and to regulate and furnish a sound currency, always and everywhere of
uniform value. The protective tariff was to give employment to "American
labor" at advanced prices; was to protect "home industry" and furnish a
steady market for the farmer. Internal improvements were to bring trade
into every neighborhood and enhance the value of every man's property. The
distribution of the land money was to enrich the States, finish their
public works, plant schools throughout their borders, and relieve them from
taxation. But the fact that for every dollar taken out of the Treasury for
these objects a much larger sum was transferred from the pockets of the
people to the favored classes was carefully concealed, as was also the
tendency, if not the ultimate design, of the system to build up an
aristocracy of wealth, to control the masses of society, and monopolize the
political power of the country.
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