United States -- History -- 1815-1861; United States -- Politics and government -- 1815-1861
The United States Bank of 1816 was thus a Southern measure, and
Calhoun was its chief author. It was in principle a great national
measure, and its creation by Congress is strong evidence of the great
growth in national opinion and sentiment throughout the country, away
from the national indifference of the Jeffersonian metapolitics of
1800.
[Sidenote: The Tariff of 1816.]
A review of the Tariff Act of 1816 will bring us to the same
conclusions concerning the great nationalizing influence of the War.
The rate of duty upon the principal articles of imported goods was,
before the War, twelve and one-half per centum ad valorem. From a rate
of five per centum upon these articles, imposed by the first Customs
Act, that of July, 1789, the duty had been increased by about a dozen
acts, passed by both Federal and Republican Congresses, until, in
1812, it had reached the {9} above-mentioned per centum. Twelve and
one-half per centum was, as a fact, nothing more than a revenue duty,
and was intended for nothing more by the party in power at that date.
At the outbreak of the War double duties were imposed by the Act of
July 1st, 1812, as a war measure, that is, as a measure for obtaining
additional revenue for the prosecution of the War. It was not intended
as a measure for the protection of manufacturers. This Act was to
expire in one year, at the farthest, after the conclusion of peace
with England.
The ratifications of the Treaty of Ghent were exchanged on February
17th, 1815. At the meeting of Congress, in December, 1815, the war
duties were, therefore, still in force, but the Act establishing them
would expire by its own limitation in less than three months. This
Congress was obliged, therefore, to deal with the tariff anew.
[Sidenote: The Bill framed by the Committee on Ways and Means.]
The recommendations of the President in regard to the matter were
referred to the committee of the House on Ways and Means, the regular
revenue committee. At that moment this committee was composed of seven
members, four from Commonwealths south of Maryland, and three from
those north of Maryland. Mr. Lowndes, of South Carolina, was its
chairman. It is fair, therefore, to call it a Southern committee, and
to regard the bill which it produced as a Southern measure.
[Sidenote: The Tariff Bill reported.]
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