“ The potcers granted under the Constitution, being derived from the People of the Unlii i r^tes, may be resinned by them, ickencrer jierverted to their injury or oppression—Madison. VOLUME 3, i CHARLOTTE, N. C.,\ APRIL 18, 1843. EDITED, AND PUBLISHED WEEKLY, BY T E li 31 S : The McckUnburg JcJ'crsonian^' is published weekly at 'Two Dollars and I'ifty Cciits, if paid in iulvance; or 'IVn-ce Dollars, it not paid belore the expiration of thrke months from the time of subscribing. Any portion who will procure six subscribers and become responsible for their subscriptions, shall have a copy of the paper gratis ;—or, a club of tc7i sub scribers may have the paper one year for Tu'cnti/ Duilars in advance. No paper will be discontinued while the subscriber owes any thing, if he is able to pay;—and a failure to notify the Editor of a wish to discontinue at least one month before thi*e.\pira- tion of the time paid tor, will be considered a now engagcnivnt. 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Advertisements sent in for publication, must be marked with the numbtr of inser tions desired, or they will bo published until forbid and chari^- cd accordingly. 53" Letters to tne Editor unless containinfi money in sums of tire Dollars or over, must come free of postai^e, or the amount paid at the olTicu hiire will be chari^i d to the writer, in every instanco, and colljctjJ as oih_v acjjunts . £vicli‘iice Qt a of 1810. treasury. AVith all its means, the Government was not able to meet its engagements, and Congress was callcd together to devise ways and moans lor its re lief. It seemed, therefore, st.range lo me, as it must appear to you, that almost the very first measure should iiave been one ot addilional etubarrastneiit to the treasur}^, rather than one of relief—one to withdraw the means of support from the Govern ment, rather than lo add to them. It was not to dis tribute from an overflowing treasury, or to divide a surplus revenue; but it was to distribute from a bankrupt treasury, which oi course, had to be made up by siill heavier tivxes laid upon the p>3ople.— Shortly after this bill passed the House of liepresen tativos, and before it passed the Senate, in reply to a Ktter from one of my constituents, I slated very lully the reasons of my opposition to this measure. I beg leave to extract from that letter; t \ NUMBER 108. sidered Whig mcasuro?; and all who did not toe the mark, were denounced as renegade Whigs.— Resolved, however, to io niy duty, hard names had no terrors for me. I saw their object was a high taritr, and 1 would not contribute to it. At the first regular session, lherefj»e, almost ihe whole party ral lied for a high protecnVo tariif. The compromise bill, which we were pjomiscd should be kept “sa cred and inviolate,” v^as “thrown lo the dogs;” retaining only those parts most favorablelo Norliiern interests. Instead of-iv per cent., the duties upon many of the mosi neceiiarv articles of consumption were run up to more t3an 100 per cent., which is to be paid in cash] wh^all tDudrugs anddye stuiiji used in the manufactu^o[ the North, are allowed to CO ne in free oj. du-j^^ i*-' ..o I istribution could J wilnout repealing the proviso in the distribi>ln bill of the extra session. c-lKCUL.Mi OF THE iion, Abraiium Henclicr TO HIS CONSTITUENTS. Fi'.i.LOW-CiTiZENs: B tor.‘leaving Wa h n^" n, I avail mysfll of the occasiutj to sul.mit t.) v'o'i biief revitw ot tne most j)rouuiitiu \viii(.*ti have engag»^d the aiitniion ol iht* *^7th Congress. It is a v.'.luabic custom in Nuith C-iroliti.i, winch 1 have never ncglecttd. Si parated trom most o( you by the recent apportioiiment ot congressional ili' tricts, 1 can now liavc no other objict than simply to render an account of my stewardship to ihost* at whose hands I have rec» ivcd numberless e.xpres- sions of kindness and confiJence. To me this is rendered the more ntctssary since theie have not been wanting selfish political leaders in the dis trict, and partisan presses oul of it who have enJca vored to crcale the impression that, since my elec tion 1 had abondoned my principles, and betrayed Vour polilicai rights. L' this wen* /ruo, ji wenv^T rrrreVOU^ vflVnct?, «iiir y*Jut co»v' censure. Bui I aver, most solemnly, that 1 have given no vote, nor expressed any opinion, inconsist ent wilh the republican pnnciphs ol my whole life, oral war wi'.h the pioniises and pledges which I made vviit!ii a candida’.M belore you. It is true, the Whig party h ive uiou^hl proper, since they came in'o poweri^ to adopt a certain system of meastnes as VV^nig m*;asures. u^ion which liiey hop; and t x peel lo tied a particular man to the Preaidtncy m 1844' but moat of iheso nuasuies 1 have always opposed, and so have you ; arid at it was no part ol my duly to make a President, 1 have ih-mgrhr it^best to pursue a straighttorward course, and h uvo Pres ident-making to the people. This is ine sole cause of my offence; and for this I iiave bet n denounced as guiUy of treachery to the paiiy. B loit: I pro ceed to examine this giave chaige, aiiow mu to say ihal you, who know me beSt, well know that I have never been the slave of any party, 'i'tiib exci >aive blin J parly spirit 1 have aivvays deprec.iU-d. ll is, in my opinion, the cancer of th^" body politic ; and if our gloiious institutions arc evei desiroyed, it will be the biller fruits of this bloody xMoloch ol party. 1 trust 1 shall never forget ihai I have a countiy to serve; which counliy, next lo God, is entitled to my highest obedience; and i can yield lo parly no- thing, which a high sense, ot duty to that couiili y wilTnot justify. These are principles wh ch 1 have often proclaimed to you. and you liav(? as often ap proved and applauded. They are the principles upon which 1 liave endeavored most faithfully to represent you, during the eventful Congress which hasjust passed away. But what are the Whig measures and Whig principles »vhich I have leli it my duty to oppose, and for which 1 have been denounced ? I can mention only the principal ones, and leave you lo judge whether, iir my oj)position to them, 1 have aba*ndoned any of my lormei principles, or those wWioW w«To proivfiOttd t>y vhu ‘tl \?40. They are distribution, public debt, a protective ta- rifT, a general bankrupt law, aboliiion ol the veto power, and opposition to the rigiit ol tn- constituent to instruct the representative, 1 do not say that all who call themselves Whigs are in iavoi of all these measures, because 1 know there are some » xceptions among the people of the South; bul 1 do assert that they are the principles held by the gieal body of the Whig party, and it they succeed in electing a Whig Piesideni m 1844, will be carried out un der his administration. Neither do 1 say that these are the only mvasures ot Whig policy, because I know a bank ot the United Stales is a favorite mea sure with them. But I voted for both iho bank bills of the extra session, because 1 was pledged so to do, and because 1 believed,at that lime, sve could not have a sound currency without the aid of such aa institution. I have since, however, had good cause to believe that, in this opinion, I was wiong. Most of the Stale banks have since resumed specie pav'neiits wiilioui ititi aid ot such an institution , whjie the recent failure of ihe Bank of the United States of Pennsylvania has exhibited a scene of cor ruption and mismanageineni which has shaken the confidence of many of its former most able ad. voeaies. 1 shall confine myself, therefore, lo such measures of Whig policy as 1 have felt it my duty to oppose; and leave you lo judge whether I have done so rightfully, or whether I deserve the censure so liberally heaped upon me by a portion of the Whig party, who, for party purposes, support all these strong Federal measures. DISTRIBUTION BILL. The bill to distribute the proceeds hrising from the sales of the public land, was one of the fiist mea sures of the extra session. That session was culled copsmuence of tbe embarrassed con Jiuon of ihe “I voted against the bill to distribute the proceeds of the fc-aliis of the public lands, though the hill did not, by liny means, provide lor an equal or equitable distribution. It gave to nine of the new States ten per cent., in aildition to 5 per cent, heretofore allowed them, more than iheir equal share ; while, of course, il left that mut'h less for the old Stales, who gave a large portion oi* these lands to the General Govern ment. It gave 10 the same nine new States half a million of acres of choice lands lor internal improve ment, while it gave not an acre to the old Slates; and this, ’oo, although the new Stales have hereto fore received millions of acres of these lands for schools and colleges, roads and canals, while the old ISiates have received litile or none. Vou perceive, therefore, that the distrihution was neither equal nor equitable, but was both unequal and unjust. \ ou know that 1 have tilways been opposed to the jire einpiion system, by which the people of the i new iSlales are allowed lo settle upon the public lands \viiJiout any authority, and ilien take these I lands at the lowect price, which is a dollar and a I quarter an acre ; althougli the same land, if sold at public auction, would often bring ten limes that i amount. This system has always been deprecated j t»y the people of Aorth Carolina and especially by me \\ hig party, as replete both with fraud and in justice; and yet this biil has established ihis abomi nable system. Il ig as much a pre emption or a do- natiun bill as it is a distribution bill; and all who vo ted Jor distribution equally voted for pre-emption and donation. Tlie bill contained other leatures equally objeciionable. Il adiniited, in ex]>ress terms, the right of Congress, hereafter to give away tfies6 lands to the new tSiates in which iliey lie—a right always denied by the good people ol Norih Caroli na, and especially by tlie \\ hig party in the fcJtate. Tiiere are souie objections lo ihe bill itsell’; but the condition of the treasury alforded an msuperp,- ble objection to any distiibution at this lime. .It was well understood belore my election, that, in con sequence of the expendiiures of ihe late Admuiis- tratioa naving been mucii greater than the current Luni^e and trfat t«^13h\iai'aecfaiDg' rcveiiu5-iiere’'T-. . ’ atter would not be sulfioicnt for the support ol the Government without a large increase ol the tariti, or duty upon imports, at least lo the extent provided lor ili the compromise of 1333. I therefore stated to the people in mv circular, as well as in all my public addresses, that,' whule 1 believed Congress tiad the power to (lislribute the proceeds ot ihe sales ol the public laiuls, and ought do so whenever tlie condition of the treasury would justily it; \ el that 1 could not consent lo distribuie any portion of the revenue as long as the Government was in debt, without our being able to know exactly wheri or how this debt was lo be paid. W hellier, therefore, • was right or wrong in the vole 1 gave, no one had a to su])potie 1 v^*ould give any other vote taan 1 did. •T concur entirely in the views ovpressed by the President in his message lo Congress, m v-»iiich he recommends* * a distribution oJ the proceeds oJ the sales of ihe public lands aiiiujig the ^States, provided such aistnUution does not Jorct upon Congrccs thene- cessily oJ imposing upon commcrce heavier burdens than those conlcmplated by the compromise act of Ib33.’ Let ub wait and see whether a duty of twen ty per cent., upon our iniportalions, as coniemplated by Ihe compromise law ol lb’33, and as carried out by the law we have jusi parsed, imposing a duty not exceeding 2^) per cent, upon mostof the luxuries of hie, will raise revenue suliicieni or the support ol the Goveinmeiit. With economy, 1 think it will, if to the ^ ot another heavy protective laritt,^ by commerce and prosperity ol the South aie to be crippled, if not destroyed, for the benelii of the ma- nuiacturers ol the iNorih. 1 believe that many vo- teu lor that distribution, as Diey do for every extra vagant appropriation ol public money, that they m^v thereoy have a better excuse lor violating the Compromise law', and impj^ing heavier duties upon imports than is contemi)iated by that law. 1 hese taxes, though burdens lo you, are benefits to them; Jiiuiiiuuch ;is they mcrwa'-e. llie price of lbrei^n goods and of course increase, in the same degree, the price of similar goods manufactured by them or ineir constituents. Well, therefore, mignt ^'Ir. Ad ams exhort his northern friends ‘ lo throw l^com- promise act to the dogs.’ The bill w'asaccordingly amended it^ie Senate by inserting a proviso, ikul no distrib^ioji should take place ickenccer the duties imposed upon the Tins was done under [(irty drill : and we had ihe strange spectacle exhib;\'d in a free country, of im- I am aware that ihc reason assigned for this vio lation of the compromise was the w'ants of the trea sury. But these wants were created in part by themselves, and, as I believe, to crealc an excuse for that violation. They matle a large increase lo the appropriations made by i\Ir Van Buren’s Ad ministration for the year 1841, and added very largely to the navy—both in it.s olficers and men ; as well as the numbt r of ships lo be put in commis sion: and this, too, when that departriicnt was under the direction ol a genilemon admitted by all to be “ every inch a Whig.” But the wants of the trea sury, though great, and made still greater by them selves, \vas no sufficient ( xcuse for dnpartmg from the compromisr*; for il was admitted by I'n ir mt st rectiiuc putpOi':s i^mpromJ^Vva^i^r tl^n liu- bill which doubled Sub- iit Kicts have shown this opinion lo have been tcl; because the amount of our imports, m coii- tion upon wjiom was im; jsed the heaviest burden. If ever there was a bill of al'ominaiions m this country, this was one; and I r* j ;ce that we had a President sulHciently honest and dependent to strangle it by the e'cercise of his con'll.’.utional veto. rur.L.'J DEBT. Our public debt, w:'.ii*n two years, has run up from less than ten mill;.>ns ofdollars, to about thirty millions: while our ant ual revenue, both from lands and imports, does not e'jUal our annual expenditures We must, therefore, ccrtmue lo increase our public debt. If wo make diMrtbuiion, that public debt must continue to iucre .|e more rapidly—and that, loo, m lime ot profoun i ptace. Unless, therefore, the people lake the a-V^, w*e shall have in this country what the Englyn people are now groutiing u.Tder—a pevviaricnt p i^Iic debt, so hostile to free institutions. There art/'ther causes of alarm, which threaten slill more to o :ci whelm us in public debt. A large paity m bothllouses of Congress stood ready, ai the last sessioii, to assume the payment of claims for French spoliations prior lo 1800—amount ing to not less than iwei,.y millions of dollars; while a more formidable part^,. is growing up, especially in the indebted States, iil favor of the monstrous pro ject of the assumption t. State debts by the General Government, to the aim ant of twohundied millions ofdollars. Under all i lese circumstances, to think of making distribution any part of our revenue, isi the very essence of i,|litical folly. Who among you could so manage Is own private affairs, and sustain his character fo I honesty and integrity f— What prudent man wolj give you credit, if you III! rn fmnrl iTnlrinpr,1iTf|’Ayiiiin nf un'ir i ff''rl~'i ^ . debt? nnd «*paoaHure greatly ex-»trad?*, that' is most mceiy to tS'criT^ TaTntTori cfeeding your annual ii;|nne'^ The same rule ap | But high duties, diinm’shed importations, and the duties were iowt st, was 010,739,545 ; w hile during the two last quarters, aUer the passage of the bill of abominations, it was only 05,770,670 -but little more than half. So of the las*, quarter of the year 1841: under the compromise, the revenue was $4,- 936,U63; while for the corresponding quarter for the year 184'^, undei the high tariff, it was only 02,465,164. So you sse an increase of duty does not always increase the amount of revenue; but, on the contrary, when the duty is very high, it dimin ishes it, and may be put so high as to amount to ab- .solute prohibition, and entirely destroy the revenue ; and this constitutes the true distinction bet^\ttn the friends of free trade and those of protection. Both are in favor of some duty on imports; and whether the duty be low or high, it must, to that extent, to afford encourag* ment lo the manufactures of this country. But the friends of free trade contend that the Government ought nol to lay ai'iy duty but such as shall be laid for revenue only; while the friends of a protective tariff desire to cripple trade by duties SO high as shall give them the control of the home market, without regard to the amount of revenue raised. To use their own language, they wish to render the country independent of all foreign na tions, by laying such duties as shall exclude foreign goods from compctiJion with similar art'cles manu factured by themselves. You perceive, therefore, if ever this system should/ti^m complete success, 'there must be an end to revenue from imports—at least from the importations of such goods as are manufactured m this country. To supply the place of this revenue, we must re^Lio direct taxes, which plies to States that does fo individuals; and, accord- jagly, we found the boml of this Government hawk- edVbout in the markets "f Europe and this country, without a bidder, until t! is reckless policy of disiri- b'uiion was abandoned. THE ]TARIFF. But though the claus; making distribution was abandoned under the veto of the President, all the other odious features of ihis larifl'bill were revived. We of the South had bein induced to believe this exciting question was ftrever settled by the com promise law of 1833. mutual concessions on t! and South, for the purr advantages, 'i'his comj^ ual reduction of duties hat law was the result of j part both of the North se of securing reci.'Tocal omise provided for a grad- ron\ 1833 to the 30lh ol June, 1842; slowly at , >ut more rapidly as it approached ils terminal^ -i, Affc)' June, 1842, all duties were to be laid %r revenue purposes only, arid were not to cxceed cent, ad valorem, or on the amount of their i:! sion to the South. Bui Northern manufactures,. should be paid in cash other drujT^s uied in vi(h per uc. This w'ds aconcts- as a further security to was agreed, that this diihj and that dye-stuffs, and ufacturing, should come people ceed 20 percent. During the wholeof this period, no considerable party in this country ever intimated a disposition to violate this compromise. The late Ad ministration, under all its financial difiiculfies, held the compromise sacred : ?nd the whole of the party, with very few’ exception.', voted against its recent violation. During the ctUnpaign of 1840, both par ties contended that the cj^yi'.promise net \yas to be held “ sacred and inviolu‘^i|| Mr. Clay, itsdistin- ijijished author, m a spp^JpieUvered in ButHilo m 1839, used the following etnphatic language : “ If the compromise be hfiiolably viaintained, (as I think it ought to be,) I trust that the rate of duty for which it provides, its amjiinction with the stipula- ^ . ^ 1 niiri fhfi Inner ns:t loss of revenue, are not the only evils wdiich this system inflicts upon us. There is another law of trade, which is as certain as anything can be; It is, that the amount of your exports must depend up on ihe amount of your imports. For a series of veais they must be »qual, ot nearly iio. You can not expect lo sell to othe; nations, unless you buy of them. Whatever, therefo.*', diminishes the amoun- of our imports, must, to the same exi« ni, diminish the amount of our exports. And we of the South, who produce most of these exports, will find them growing less and less valuable lo as, until we shall be compelled to abandon their production, or sub mil to the slavish condition of allowing the North ern manufactureis to fix their own terms—both for what they sell to us, and w’hat they buy fiom us. We find such to be the effects of the heavy duties imposed by the new' tariff. Our impoits and ex ports have both fallen of!'; the price of mauufaclurtd goods has risen; whila the price of cotton, ihe great staple of the South, and upon which almost every other business depends, will hardly bear its trans portation to market. 'I’ruly may it be said o‘ this system, that it makes us hew’ers of wood and draw'- e'rs of water foi the benefit of our northern brethren You perceive, therefore, that the increase of the taiifi' v.'as nol for revenue, but prelection—protection, nol against vioh nce, but against low prices, wijich the manufacturers wish to increase by an increase of duty; for they know full well that the price of im ported goods depends upon the amount of duty im posed upon them. Oiherw’ise, you would not hear their continual clamor for high taxes upon all such imported goods as they manufacture, at the same time that tney ask to import free of duly such goods as they use and do not manufacture. Let us exam ine into the secret cause of this extraordinary zeal for » — i( •Ir.o rrmwTjCtcxeo o* VVt'f" f.DR- should exceed 20 per cent., as provided jor in the compromise law. i'his w'as some assuiance to the people of the South that the compromise law was to be held “ sacred and inviolate,” as promised by the leaders of the Whig party in 1840. 11 the coiiioromiSfc was violaitu, there was no distribution. Bui it was evident, even at the axlra session, that the great body of the Whig party were determined to liave a high tariff; and they cared but little for; distribution, except as it created an excuse for such a laivif. Accordingly, no eflorts were made at re trenchment, so as to'tiring down the wants of the iovernmetii wiiliin its means, on the contra^y.lhe aopropriations lor ttie year 1641, made by the ciniouni of our indebtedness at least five millions ol (loljms—and this, itjo, although we had complained so loudly—and, m my opinion, SO justly—ol iheex- iiavagance of our predecessors. So far from an in crease of expenditure, there were many reasons why there should have been a luge reduction. The Florida war, so long a Siuk ol public money, was just about being tenninaled; the exploring expedi non was leiurning home ; and most ot tne costly public buildings at the seal ol Government were completed. Tnenc was, therefore, every reason for a reduclivn,, rather than an increase ol expenditure. With these views, you may well suppose 1 voted iii^ainsl iheje exlia appropriations, lor which 1 was no*, i iiltle censured at the time. They were con- jact equate j^rotectwnJ^ General Harrison, in iis Zinesville letter, holds still stronger language ; j “/ ajn (says he) for mpporting the compromise act, and will never agre\ to its being altered or re pealed. I Wtl.L APPROVE NO LAW WUlCn GOES TO AL- tx:r or repi:al tiik act (jr 1833.” , , If that great and goo‘l man had lived, I believe j{e‘ would have kept his ;|t'*:h to the country. But Whig party ? Like J o4)e devoured. As soon as they came into pow'er^with John Q,. Adams, that arch enemy of Southern lights and Sourthern insti tutions, as their leader, ik^y determined “to throw it to the dogs;” and yo.^^ve nothing of the com promise remaining, bul duties, and the long list of free articles the benefit of the manufacturing inlcrest^'\ns\c^d of the 20 per cent., w'hich was intendeti for your benefit, 2’ou have to pay from 40 to 100 kr cent, and even more, upon* many of your nei jj^sary articles of consump tion. Before God, I dj not believe there can be found, in the history of Warty warfare, so fragrant and shameful an instanceof political treachery—not only lo party, but lo the \'hole people,and especial ly ;o the people of the South; and yet your party leaders and party presset, instead of denouncing it as such, turn round and ipprove the act, and invoke your indignation againstjihose who could not be in- daced thus to join ia betfrying you. fined alone to the foreign article, they would be ns much opposed lo high duties as we are; but they know that the price of their own manufactures must depend upon the price of the foreign atiicle, which depends upon the amount of duty nni'/osed upon il. VV’hen you consume vi foreign article with the duty laid upon it, the increased price caused by the in crease of duty, is paid for revenue, because the duty has already been paid into the treasury by the im porting merchant, and, of course, laid on the ijoods. But when you consume domestic goods, equal in price to similar goods imported wilh the duty on, the increased price is paid as a bounty to the manu facturer, and goes into his pocket. T.his bounty, paid by the people, is what they call protection. The people of this country, therefore, eveiy where, upon most of the goods wdiich they consume, pa\' a large part of the price, either for revenue oi foi bounty. When duties are low, and your trade is free and flourishes, the proportion of what you pay for revenue increases, and that for protection dimin ishes; but when the duties are very high, and youi importations arc small, the amount paid by you on account of this increased price, is much greater; LA most of it is for bounty, and but little lor reveii/ie. The late census tables enable US to form SOine tfill mate of the relative amou.it paid for revenue, and that paid for protection. The amoum of imported goods upon which protective duties ^ down-by a very accurate gentleman at 04o,OOO,UOO, and the amount of similar goods, rnanulactuied m ihis country, and increased in price to the consumei by the duty upon the foreign article, this time,as one to ten. While 010,000,000 is paid for bounty or protection. Tnis vasi burden dots not fall alone upon the people ol ihe South, but falls upon consuDfiption everyw’here; and the ptop e o the North, not «r>der the influence of manufacturing eslablisliments, are rallying with us against this un just oppression. To us of the South, high duties are peculiarly oppressive; for while they impose heavy burdens upon our consumption, they cripple commerce, and distroy the value of the products of our prosperity mainly depends. You see, too, why ihe manufacturers are so clamorous for high taxes. To ihetn, taxation is a blessing; for if they pay one dollar upon imports for revenue, they g*-t ten for bounty in return. You see, too, wliy those w-ho re present that interest always favor extravagant ap propriations of public money, oppose retrenchment of expenditures, and go for distiibution, or anylhmg else that shall keep up this recissity for high duties. You sie, loo, w'hy tliOc^ vs ’:o represent the farm* r:? and planters, who are ihe piinfipal cont-umers in this country, ought to oppose distiibution of anj' portion of our revenue, w'hich is to be mad«’ up by an increase of duties ; for while you get one dolla* from the revenue in this way, you have to pay u li times that amount for revenue and bounty. A* .soctj. therefore, as the manufacturers found they imd majority in the 27th Congress, they began lo pave the way lor a protective tariff. They contrived to make it a Whig measure, and either decoytd or de nounced most of the party into its support. Their orators and presses represented it as the great pana cea for a suffering country. Even the bjnk vv:»i secondary to it. The National Intellig* ncer, pj iri- ted at the seat of Government, and the great oi^an of the Whig party, thus introduced the tariff bill t-.* the notice of its readers; ‘■It wrti to-d^iy” (?ays the editor)/‘be laid befo'-':- the l^res;dent with whom the solemn responsdiiMt' Will then rest, eitiier to sign the billand give reii«*! to a suli’ering people, or, abutting his eyes and his heart to the public distress, refuse his assent lo the bill, and plunge his country into hopeless misery.” Such was the crmmon language of the Whig party in 1842. But suppose they had used such language in the campaign of 1840, and had told you that the great relit f they had in store for your sufferings, were high taxes u ithc»ut which you must remain forever in ‘*hopeh;ss misery:” would yoti have rallied as you did to their stand-iid? Would you not have rejected such proffered r lief w ith scorn, and tiampled it under your leet? I think you would. You labored for relief, an i they ire- posed addilional burdens. You asked for a fish, and they have given you a seipent. Another argument resornd to in favor of hiL't. taxes, especially in Noith Carolina, is retaliatioi They say, because the British Giovernment impu^^r.^ high duties upon many ariicks, some of which produce, (such as breadsuit^s and tobacc^ iuiuiuiu^iui ca. ' ou jpprd ol' flil SOpnTSTryV the argument is simply this. that, because the But- ish Government wilh an immense j,ublic debt, and king and lords to provide for, oppresses her subj. cts by high tax^-s,therefore wesliould cppiess our peo ple; and this, too, not for revenue, as in Great Bri tain, but for bounty or protection to a favored elai.5 of people. Our system, therefore, finds no justih- ration even m thf Briti'^h system. The most oi the large revenue which she raiscs, except what ii^ ;*ai.^rd from excis«. and direct taxes, is raistd froni a few aiuchs oniv which are not and cannot bo produced in Great Bnuiin—such toKicco. coffee^ sugrr, tea, wine, spict.s, and perliaps silks. These duties, therefore, are laid :?Ione for revenue, and are paid for revenut, and are paid for revenue only. Almost the oiiK high jiroKclive duty laid by Grt'at Britain, is laid u['on bieadstnffs, lor the protection of the farmer. U;'cn manufacturfd goods the duty IS vrry low—5'»Jioin txcvi'ding 13 per ctnt., and often much less. Thus, you see, the policy oi the British Government is the very reverse of what is here contended for. Most of her heavy duties are laid upon the luxuries of life; while we tax luxuries very lightly, if at ail. If England lays protective duties, they are mainly for the benefit of the farmrr; while we tax the farmer for the benefit of the man ufacturer. We impose the highest duties upori the necessarias of life; while in England, those duties are very low’—the declared policy of her prt?sent ministry being to enable h«^r people ’‘to buy chtap.” This is niy policy, haeaUvays been,and always will be; and I can ru ver const nt to act wilh any party who adopt a diffeaent policy. I am willing to be taxed to any amount for the support of the Govern ment; but not a ct'iil beyond, or for the avowed ben efit of any othei se ction, or any other class of people* 3Iillions for defence, but not a cent for tribute.” Such are my view.s nf ihi.« protnctive policy.—— Wilh lae, it is the great question in politics ; for tip- on it must dept^id ihe character ol every adminis- tiation. You cannot expect, from any parly who believe high duties a blessing, anything but schemes of extravagant approprtaiion and wasteful expendi ture to keep up the necessity for such duties. They are the natural fiuits of such a ptdicy. Evni Mr. Clay, in a rtcent letter to his W hig friends of Ne*v Yoik. declared he considered it forltmate that the wants of the treasuiy made high duties necessary. Under the influence of such a piinciple. it is vain to expect either economy in our public expendi tures, or reform of public abuses, THE BANKRUPT LAW Was another measure w hich I felt it my duty to oppose. It was, likew ise, made a Whig measure. But for that, and its conn«xion w’ith other Whig measures, il could never have become a law. Bad as the law’ was, the manner in which it was passid was much w’orse. It w’as litlerally log'Tolled into existence. Men dtcidedly opposed toil, were in duced to vote for it to buy support for other m« a- sures' and thus an obnoxious law was saddiid up on the country, w’hich never had the hearty appro val of a majority o! your representatives. A well- reiiulated bankrupt *law% operating only on dibts contracted subsequvnt to the passage of the law^, may be very proper; but a bankrupt law', such as the one which was passed, authoiizing eveiybody lo repudiate debts previously contracted, w as, ai my opinion, most unjust and unconstitutional. li was unjust to creditors who had sold proptrly, loaned money, or given credit, before the existence of any such law; and was a violation, in spiiii at least, ot ihat clause in the Constituticn which declares that •• no State shall pass any law impairing the obliga tion of contracts." But il is now unntcessary (o dw( II U| cn tniii 4aw,