American State Papers; Documents, Legislative and Executive, of the Congress of the United States ... Volume 3

American State Papers; Documents, Legislative and Executive, of the Congress of the United States ... Volume 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1834 edition. Excerpt: ...years; and thus the future deficit will probably more than countervail the past excess. But should the system of protection impair the revenue, it would be only in a slight degree, and merely affect the question ofthe period of the ultimate redemption of the public debt, which may in consequence be somewhat protracted. When the alternative is between this effect on the one hand, and a continuance of the existing state of things on the other, we trust there can, in an enlightened body, he no difliculty in the decision. It would be unsound policy in a merchant to anticipate the payment of his debts so rapidly as to deprive himselfof the means of carrying on his commerce; and it is equally unsound for a nation unnecessarily to press forward the payment of its debts with such rapidity as to exhaust its resources. Among the reasons that alienated the affections of America, in its colonial state, from the parent country, a very powerful one was the restraints imposed on its manufacturing industry. These were the subjects of loud and unceasing complaints. And we respectfully ask you, whether the consequences to the nation and to individuals are not as fatal, when our industry is torn up by the roots through the means of a tariff fatally inadequate to protect it, as by an arbitrary edict? Does it administer any comfort to the hundreds of useful citizens who invested large capitals in those valuable manufacturing establishments spread throughout the country, whose ruins bear the strongest testimony against the policy we pursue; or to the tens of thousands of workmen reduced to mendicity, many of them with large families, that their sufferings have not proceeded from the mandates of a privy council, but from the erroneous policy of more

Product details

  • Paperback | 688 pages
  • 189 x 246 x 35mm | 1,207g
  • United States
  • English
  • black & white illustrations
  • 123685408X
  • 9781236854087