.C638 LIBRARY OF CONGRESS II Mill llll DDDDSD273DS .«•'•* ^< *„ *\--^. *> i. xV c ° ,<£ VV v. --\, '*. ^o 5 ■S- 4 Q. p* i M. H?V v^ ^ ^ ^ .n him, from all quarters, he sought new laurels of the same kind in a new field; and although, at no period before his election, had he even ven- turtd to whimper his hostility to the Bank; al- though during the whole period of his service in the Senate of the United States, when, if he had harbored any hostility to the Bmk on the ground of its unconstitutionality or dangerous tendency to our liberties, his oath of fidelity as a Senator ought to have compelled him to disclose it, he never breathed a word against it ; yet as soon as he had got rid of the internal improvements, he declared war against the Bank, and effectually crushed that too. True it is that the Pennsylvania Legislature, by a unanimous vote, had shortly before declared for the Bank. Did not his party friends in that body, immediately after hearing the news of the Veto, wheel into the party line, and unite in all his denunciations of that institution ? True it is that George M. Dallas, the present Democratic candidate for the Vice Presidency, was the father of the Bank bill, was the man entrusted with the memorial of the Bank itself, was the chairman of the committee to which thatm morial was re- ferred, was the very man who reported the bill, voted for it, and spoke for it through all its stages. Did he not, with his brother Senator from Penn- sylvania, who voted in the same way, turn about within a few days after the veto, and denounce the Bank ? Who does not remember the predic- tions, at the time of that Veto, that there would be a great deseition from the President's party, in const quence ol that act, and who has forgotten that nearly all of those who talked loudest in his party in favor of the Bank were whipped in and became clamorous against it, as soon as his Veto appeared ? He vetoed the Bank bill in July, 1833, and as we have already seen, within six months alter that he made war on the tariff. Can any reasonable man doubt what would have been its fate, if Henry Clay, with all the affection of a parent for the Protective Policy, had not rescued it from destruction by the Compromise Act of the 2d of March, 1833 ? But for the interp isition of Mr. Clay the passage of the bill reported by the Committee of Ways and Means in the House, would, at no very distant day, have been inevitable. What might have been the fate of the Union, I leave others to conjecture. My business now is with the Tariff alone, and I con- fine myself to that. Henry Clay was at the head of the Committee which reported the Compromise Act. James K. Polk of Tennessee, his present rival for the Presi- dency, was at the tail of the Committee on Ways and Means in the House which reported the bill to which I have referred. To understand Mr. Polk, it is now necessary to understand that bill. Although he was the last named member on that Committee, and in the rear of the column which, attacked the Tariff, there was no more thorough- going, no more denunciatory enemy of the Pro- tective Policy than J*mes K. Polk But let us try him by the bill which he and his colleagues on that Committee reported, and by his votes as they stand recorded on the journals of Congress against the Protective Policy. This bill, which will be lound to be the 14th document in the volume of Reports of Committees at the Second Session of the Twenty-Second Congress, reduces the duties on the 2d March, 1835, as follows : — all assessable, be it remembered, on the foreign valuation; on Woolens, to 15 per cent. ; on all not exceeding 35 cents the square yard, 5 per cent. ; on Worsted Stuff Goods of all kinds, 10 per cent. ; on Worsted and Woolen Hosiery, Gloves, Nets, Bindings and Stockinets, 10 per cent. ; on all other Cloths, Merino Shawls, Flan- nels, Baizes and Cassimeres, Carpetings and Rugs of all kinds, 20 per cent. ; on Clothing, ready made, of all descriptions, 20 per cent. ; on all Cotton Goods, 20 per cent, except Nankins from India, on which Mr. Potts's duty was 15 per cent. ; and Cotton Hosiery, Gloves, Mitts and Stockinets, on which his duty was ten per cent. ; as well as upon Cotton Twist, Yarn and Thread ; on all manufactures of Flax and Hemp, or Sail-Duck and Cotton- Bagging, 15 per cent. ; on all manufactures of Tin, Japanning, Gilt, Plated, Brass, and Polished Steel, 20 per cent. ; on common Saddlery, 10 per cent. ; on Earthen and Stone- Ware, 20 per cent. ; on all Side and Fire- Arms, Rifles and Muskets, 20 per cent. ; Bridle- Bits and Glass- Ware, 20 per cent. ; on manufac- tures of Iron and Steel generally, a duty of 20 per cent. ; on Salt and Coal, 5 per cent. ; on every thing produced by the Farmer in the Mid- dle and Northern States, Mr. Polk, who is a Cotton-grower, recommended, in this bill, one unvarying standard of only 15 per cent ; 15 per cent, on Potatoes ; 15 per cent, on Oats ; 15 per cent, on Wheat and Wheat-Flour, Butter, Bacon, Beef and Pork. Such was the character of that bill, from the passage of which Henry Clay saved the country by the adoption of the Compromise. Had a tor- nado passed over all the manufacturing establish- ments of the country at that time, it would scarcely have proved a greater curse than that measure, which had the earnest support of Mr. James K. Polk, of Tennessee. By reducing the duty on wool to 15 per cent, it put the knife to the throat of every sheep in the country. By a duty of 20 per cent on ready made clothing of all descriptions, it struck down a whole class of the most industrious and useful mechanics of the nation. If it had been a bill purposely designed to set fire to most of the mechanic shops in the country, it would hardly have had a worse effect upon the laboring classes. It would have fed us on potatoes from Ireland ; and, at those periods when the farmers of the middle and northern A Sp°ech of Hon. John M. Clavtnn. States were suffering most from the pressuie ol the times, our bred stuffs would have been grown on the borders of the Baltic and the Blaek Sea, instead of on our own soil. Let. the farmers, mechanics and manufacturers of the country now answer what they think of the new candidate for the Presidency, James K. P«lk, of Tennessee? But I have nut yet done with IVIr James K. Polk, of Tennessee, and his bitter ho-tility to the Protective policy. Search the records of Con- gress, and you will find that, in every instance where the American System was attacked, while he was in Congress, he was its assailant, its con. slant and uncompromising foe. On the 23d of June, 1833, he voted for the motion of Mr. (Vic- Duffie, of South Carolina, to reduce the duty on cotton goods, costing not exceeding 15 cents ihe square yard, to 12£ per cent, ad valorem. On the same day he voted for Mr. McDuffie's motion to abolish the duty of $30 per ton on rolled iron. On the previous day he voted to reduce the duty on salt to 5 cents on 56 lbs. and voted against the duty on boots and bootees, on cabinet wares, hats and cap=, whips, bridles, saddles, carriages and parts of carriages, blank books, earthen and stone wares, and manufactures of mirble; and also against the duty on wool. With this exhibition of the friendship of James K. Polk for the labor, ing freemen of all classes in this country, I might leave him in their hands. I have not referred to his public speeches on the Tariff, winch always breathed the most settled hostility to the whole policy. Politicians sometimes speak one way, and vote another Mr. Van Buren always sp >ke against the Tariff, but generally voted for it. There were several polit.icans of this school in Congress at the pissage of the last Tariff. But James K. Polk was never of that school; He was, in deed as well as in word, on all occasions, an enemy to protection for the laborer. I mean to try him by his acts and his votes; and, with. out going further, I might leive those acts and votes, which I have thus exposed, to the indig- nant commentaries of ihe laboring men of all classes, with their friends and employers. But f propose to do full justice to Mr. Polk on this subject. The People shall not misunderstand the ex'eut of his hostility to the domestic industry of the country. On the 28ih day of February, 1834, within one year after the passage of the Compromise, Mr. Hall, of North Carolina, in the House of Representatives of the United States, introduced a resolution, the object of which was to procure from the Committee of Ways and Means a report of a plan, accompanied by a bill to repeal the Protection guaranteed by the Com. promise, under the pretext of immediately reduc- ing the revenue to the necessary expenses of the Government ; and James K. Polk, of Tennessee, who was at that time the Chairman of that very Committee of Ways and Means, voted tor that resolution. There were sixty. nine yeas in favor of that resolution and 115 nays against it. In voting for the resolution, the deliberate design of which was to V'olate all the pli dges given in the Compromise, Mr. Polk was backed by six of the nine members of that same committee, and by all the Nulhfiers and ultra anti-Tariff men in the House. This movement shows the dissatisfac. tion with the Compromise cherished at an early period by trie encm es of protection. '1 hey were sensihle that Mr. Clay had triumphed, by the salvation of his favorite policy ; and the strength of the vote against the resolution shows how great that triumph was. But one year previous to the introduction of Mr. Hall's resolution, it would have passed the House by an overwhelm- ing majority. The votes on Mr. Verplanck's bill, at that tune, proved that conclusively. But the fact, is, that the evil spirit of the storm — the i-p:rit of disunion — which had been raited by Nulliri a- tion, had b en subdued by that m=ster spirit, which, for thirty years, had exercised so great an influence in our public councils. That same master spirit had quelled the same demon, at the great crisis of the Missouri Compromise. On both occasions, Henry Clay saved the Union ; and, in the judgment of many, in each of them, he saved the Union at its last gasp. But the vote of James K. Polk and his allies in the war on Domestic Industry, was not the first exhibition of their spleen and hostility to the Compromise. Within six weeks afier the pas- sige of the act, the Executive of the United States began to violate its true spirit and its legi- timate construction, for the purpose of breaking down our American policy. Un the 20ih of April, 1833, the Secretary of the Treasury under President Jackson issued his famous Treasury Circular to all the officers of the customs in the United States. That circular contained an Ex- ecutive decree abrogating all the specific duties and the whole system of minimums in the exist- ing tariff laws. Under a pretext as foreign from the views of all the men with whom I acted in the passage of that law, as any thing the most remote,' this arbitrary edict declared, without one syllahle in the act to support it, that it was our intention, in passing it, to repeal these specific duties and minimums. It is scarcely possible that any hum m being could have been so ignorant as not to know that a specific duty could at any time he as well ascertained as an ad vulorem duty, and that these duties were convertible. By the Compromise, we simply provided that all ex- isting duties (whether specific or ad valorem) should be reduced according to a fixed ratio. This outrage on the law, which, because the Ex- ecutive, whose province it was to collect the duties, had perpetrated it, was utterly without remedy proved of great injury to all those manu- factures which depend d lor protection upon the minimums and specific duties. The injury inflicted on the manufacturing in- terest did not admit of legal redress, for the friends of protection could not by any possibility bring the question before any judicial tribunal, while the executive officers refused to sue for or cohect the duties in pursuance of their instruc- tions. Nothing remained for us to do but to sub- mit in silence, until the returning sense of justice to the country should induce the people to drive the enemies of Domestic Industry from the high places of the Republic. And here let me pau^e, for the purpose of en- treating every friend of Home Labor, who has evi-r thought of voting for James K. Polk, as President of the United States, to take warning by the example which I have now set before him. If there be such a man, let him not lay the flat- Polk, Calhoun, and the Home Valuation. tering unction to his soul that he can save his favorite policy, while the Executive of the United States, with the officers of the customs appointed by him, is hostile to that policy. They have the collection of the duties for protection; and he who would commit the limb to the custody of the wolf, will justly surfer for his own folly. Before 1 have done with this subject, I ought to mention, in this connexion, what I think is ano 1 her strong evidence of the hostility of James K. Polk and his political associates to the Protec- tive policy, and other true principles of the Corn- promise Act. Although they continued in power from the passage of that law until the year 1841, they never attempted, in a single instance, to provide either by prospective legislation or by any Executive regulation, lor any mode of assessing duties on the Home Valuation ; nor did they attempt to pass a law raising the duties, pros pectively, alter the 30th of June, 1842, to the real wants of the government; although they knew, as well through the whole session of Con- gress of 1840 — I, as we know now, one or both of these measures ought to be prospectively adopted, to save the Government from the dan- ger ol bankruptcy. The principle of the Home Valuation was a sine qua /ton, at the time of the passage of the act, with many of those who, like myself voted fur it for the purpose avowed by me at the time, of saving the Protective policy. We considered that a vote for the duties fixed by the act, to be assessed on this principle, was essential to all intents and purposes a vote for Protection; and we determined, therefore, to compel Vlr. Cal- houn and his peculiar friends in the Senate to re- cord their votes in the most unequivocal form, on the journal in favor of that, principle, And here I Cannot help complaining of the conduct of Mr. Calhoun, after the passage of this law, and espe- cially a'ter the period when most of us friendly to the Protective policy, who had voted with him for its passage, had left the Senate of the United States. How well his conduct comported with that feeling which a man who had received at our hands a shelter from the storm which threat- ened to annihilate him, I leave for him and others who are in the same category to determine. To explain his conduct. I must refer to a few facts. Wlnle the motion was pending to amend the bill by directing the assessment of the duties on the home value, a debate sprung up, in the course of which Mr Calhoun repeatedly argued that the amendment was unconstitutional, and declared that it was impossible for him to vote for it. A number of Tariff Senators, Iriendly to the Com- promise Act, with whom I was acting in concert, including, among others, Samuel Bed of New- Hampshire, A. Naudain of Delaware, Samuel Footeot Connecticut, and John Holmes of Maine, had resolved to compel ail the anti-protectionists in the Senate to vote for that amendment, in every stage of its passage, or to defeat the bill by laying it on the tabic. We foresaw all the ob. jeciions which have been since made to the adoption of ihat mode of preventing evasions of the law and frauds on the revenue ; and we knew that the amendment necessarily carried with it Protection to American Industry. It was an unpleasant prescription for Mr. Calhoun ; but it was not ill adapted to the peculiar disease under wheh he labored. After he had frfquently an- nounced his unalterable determination to vote against the amendment, which he as often said it would be a violation of the Constitution, and against his conscience to support, a motion was made — and by myself — to lay the whole bill on the table ; and, on the part of friends, I avowed our determination not to suffer it to be called up again during the session. At the request of a nullifying Senator, I withdrew that motion, to give himself and his friends time to reflect fur- ther ; but, at the same time, they were distinctly given to understand, that, unless they agreed to vote for the amendment, at every stuge of its passage, the motion should be renewed, and the bill nailed to the table; in which event, they must fight it out with the General Government. Those who are curious to consult the debates in Con- gress at that day, will see, by recurring to them, that, on the next day, when the bill was taken up again, every man among them, every enemy of the Tariff in the Senate, including the Honorable John C. Calhoun, of South Carolina, voted for the amendment! His vote for the Home Valu- ation stands recorded on the journals of the Sen- ate, at every stage of the passage of the bill ; and he contented himself at the time, as he declared, during the passage of the Tariff of 1842, (when this vote was invoked in judgment against him by a Tariff Senator) by saying that he voted for it UNDER AN ORAL PROTEST I It is true, that promises made under the fear of death, are not binding in law; but it would be utterly inadmissible to suppose that Mr. Calhoun acted under duress; and it would be equally inadmis- sible to suppose that his vote was given with a view to orocure the votes of others, then neces- sary for his own safety, — because such a vote would have been a palpable fraud upon them, if, at the time, he meditated an evasion of the pledge given in the amendment. Two days after the passage of this bill, Con- gress adjourned ; and, in hss than three months, we learned, to our perfect astonishment, from the public prints, that Mr. Calhoun was, in fc-outh Carolina, exulting among Irs followers on ac- count of what he called his triumph over Henry Clay ! In the session of 1839, he even went so far as to tell Mr. Clay, on the floor of the Senate, that, at the passage of the Compromise, he was his master? It is true that Mr. Clay reproved the folly of this arrogance, and even told him " that he would not even own him for a slave." But those who forced him into the position I have described, had then left the Senate ; and the swag- gering of Mr. Calhoun was not rebuked by them. 1 finish this sketch by simply stating the fact that Mr. Calhoun is now understood to be a friend to the election of James K. Polk, the peculiar friend of General Jackson, who, in 1833, threatened to hang him as high as Hainan, and that Mr. C. is also the uncompromising enemy of Henry Clay! It may be thought due to the occasion that, as I have touched upon the principles of all the can- didates, I should devote a few moments to the consideration of the principles of Mr. Dallas. If the modern Democrats are satisfied with his votes in the Senate, I do not see why we should com- plain of them. He was the father of the bill to recharter the Bank of the United States, which 10 Speech of Hon. John M. Clayton. fell by President Jackson's Wto. He voted for the bill to Distribute iho Proceeds of the Sales Compromise, thus appearing not willing to yield any thing to save the peace of the country. One Southern Democratic Senator spoke against the bill, and was burned in ■ ffigy by some ol his con- stituents for so doing, — although he actually vo'ed for it. I hope Mr Dallas may nuw share a bet- ter fate among his Democratic consituents in the same region.* It is due to him to say, that we. now understand that he has changed his principles on all these great measures ; and that some ot his friends insist that he is as hostile to Protection in every shape as James K. Polk himself. But Henry Clay has never changed ; and his exertions in the Public Councils, aided bv his in- structive eloquence, have done more lor the cause of the Laboring Classes in this nation, and have made more proselytes to the doctrines of the Pro- tective Policy thdn all the efforts of any other man in the country. At the time he commenced his labors in Congress to huild up the American System most of the young men of the nation were educated in the Frte Trade doctrines of Adam Smith, and the visionary theories of others like him, whose knowledge ol Political Economy was obtained in the closet, instead or the Council Chamber. I was one of those who had imbibed these opinions ; and if, fur the last twenty years, I have been the steady friend ol protecting Ameri- can Interests against Foreign Competition, it has been mainly owing to the conviction produced on my mind by the perusal of those masterly speci- mens of argument and eloquence with which he sustained his favorite policy in the halls of the Capitol of our Country. I have trespassed too long, fellow citizens, upon your patience; but allow me, in conclusion, by every consideration of what is due to the honor and interest of your country, by every feeling Which ought to warm and animate your hearts as American citizens, anxious for the protection of your own industry and the welfare of all the laboring classes among us, to entreat you not to overlook the true issue, to be decided in Novem- ber next, between Henry Clay, ol Kentucky, and James K Polk, of Tennessee. It is not a ques- tion about honors and offices and the rewards ol partisan service; it is not a question about the payment of the State Debts, or the acquisition oi foreign territory ; it is, as I have said already, emphatically a question of BREAD — a question whether we shall sink the mass of the laboring freemen of this country, who now gain their bread by the sweat of their brows, to the level of the European paupers, who labor for sixpence a day and find themselves. It is an axiom of eternal truth in politics, that a nation completely impoverished will soon be a nation completely enslaved. If, by the abandonment of protection to home labor, we reduce a half a million of vo- ters at an election to a condition of as servile de" pendence and as abject poverty as our Southern Slaves, how long can we rationally expect to re- main a nation ol freeman ? More than a hundred and forty years ago the treat; of Methuen, which was one of the principal causes of the beggary and want of Portugal, reduced her to the condi- tion oi a d- pendency ol England, struck down her national spirit, and enslaved her people. By that treaty she abandoned all tight to protect her own industry, and agre< d to adm t British woolen gooi'sol' all kinds without duty or restriction. Nineteen hundred years ago, when Rome had conquered ihe principal part of the woild, and freely admitted supplies from Syria and Egypt into Italy, ihe industry of her own citizens was paralyzed by the withdrawal of that protection to winch it was fairly entitled; poverty and want reigned where plenty had prevailed, and a race of men the bravest, and the freest that ever lived were speedily coverted into ihe subjects of a despot. And so keenly did Tacitus, one of the gravest and most philosophic of her historians, feel the degradation of supplying her legions from the industry of foreign countries, that he has announced with an outh wf vexaiion and disgust, that deplorable change in her condition. Let us take warning from the examples of other nations. Let us guard and protect the real, not merely the nominal independence of our country. The ever fervent aspirations from every true American heart will be for the pteservation of that inde- pendence. " Esto perpctua," MAY IT BE EVEKLASTI NG. The Great Issue for 1844. The Nashville Union declares that Polk and all his friends meit< th» present Tariff with abhor, rence. So Mr. Payne of Alabama, Mr. Henley of Indiana, and every supporter of Mr. Polk in Congress who has spoken for him, has declared that his success will be the downfall of the Ta- riff Hear Mr. Benton state the issue for 1844: " The attention itself is now on tried before the Areopagus of the. people aod must hane its solution from that tribunal bejore ice meet again. The Pkesidential Election in- volves the fate of the Tariff, and to that fate a future Gware&s will hane to conform, be our action now trhat it may. Now, as hi i tie year 1&32, the lute of hie liijjh Tariff is staked in the person of its eminent champion— its canaidate tor the Presidency oi the United Suites. That champion was defeated then, and his system with him; and he may be deteated again." ' His system with hitn' — do you hear ? The defeat of Mr. Clay is the deslruction of the Tariff — so says Col. Benton, who was once a Clay man and then a Tariff man, but is now hostile to Mr. Clay and so to Protection. So says Senator CoIJ quitt of Ce >rgia : " Most of the Whig Senators who have discussed this ques- tion, have, iii an open, manly manner, admitted that the act r 1812 was a hill passed fur Protection; that they advocated it because of its ample recognition of the Protective Principle: that it is a favorite Wing measure, to which all other mea- sures are subordinate and ot secondary importance. This is fair, oud plaC'S toe i*sue between the parties upon this sub- ject to be determined bu the American People— the Tariff Act of 1842, with its hish duties and Principle of Protection on. the one side: and tke advocates of low duties and an equal sys'em of taxation on the other." But why need we multiply quotations? Who does not know that the Tariff is the great ques- tion ? W ho ever heard Mr. Polk, or any one for him, claim to be in favor of any sort of Protec- tion till the late Prtsidential Election ? 1IR. POLK'S HOSTILITY TO THE PRESENT AND TO AH PROTECTIVE TARIFF. From the National TnfeMiseneer. Housk OF Rkpreskntaiivus, May 30, U41. Messrs. Gal. s &, SeaTo^: Tin- in . rest winch I feel, in common with the pei eein ) may no' only he reduced, but that twenty-fire per cent, will ben sufficient protect/an, prov.de:! then- in- (i corresp. inline rtductlon mi Hie r..w iiiiilerinl, mid the .Inly lie tull> mid finrly collected ; m d Hint me ii.aiiulac- turers of coitons, and especially of cour e"ct>uoiis, w old be aide tn continue tl.er business pnJUahlii at the n duced dutu of twelve a tnl a half per cent on then vul f reign unices." ** '• I pr. pose next ii. e-inhish, by testimony equally ent.tled to credit, tiie third pr. p sitiou, wh.ch is, Unit the ivmniit c- tures of the IJn.tt-.l stats weie in ii prosperous cnnditinii und-r the act ol 1816, and fur lislii years intervening '.itween the ye..rsl81fin. il l'-'24 and lUsothat theiictnl lSlti "ff,.rdidtlum ample Incidental Protection."— (Con. .Debutes, Vul. IX. mine 1170. „ . •' The wool-growers consider the duty upon foreien win I ih importni.t to tlieir prosperity. Tki- tipiiiiou, I appieltend.is founded m error. Vi ry hole woolotihe middling qim'iiy. such a* we produce, is in.p.>rte opsis i if Gov. Polk's Speech to the People o/ Mud i son i.nd the adjoining Cnnntics, detiv- erf.tt at Jacks'in, on Monday, the 3d of April, 1843. ' p'initd»iri pamphlet, 'orm, and written out ior publication by Gov. Polk. From it I quote the billowing »x'racts : " He took < ther views, briefly fire'enteil, of the subject, and proceeded 'o tie diseu-sion •■! n.e Protective Tariff nci passed li> t'e ln-t I). iiL-ress. lie rim wed that it. was n highly Protect ive TuriH. mid i ni one 'or h eve. ue. He showed that, tiy the Compromise Tariff ol If- 33, the t ix on no imported mlicle vvub ti exceed L'O percent, upon its value alter the 31 th of June, 1842. Nil liivlier di ty tlnin 2U per cent, was imposed on my a tide after tie 30th of June. 1842, until tne3Utb of August, lS-1 ', .'ii « Inch hit er m.y the present Tariff law was passed by ii Whig Congress The Whig Congress laid violent hands on the i ompr. se Act of lroi and broke it up " "It was clear, tbeiefoie Mint the Lite I ariff act was not a revenue measure. It bud raised ihe noes ol duty so hitdi ns to shut oit imports, and consequently to cut off and diminish revenue ' '•Jiiilpiuj; fom the amount of revenue received r.t the Trensur. . under the operniiiuisofthepresent Tariff act; forilie his' quarter ol l>4$. us already shown, it will n- 1 produce an- nually half tl e iiiiiinint ol revenue which would have been produced •» ti e lower r-les of the compromise act, hud that act in en left undisi timed " "lie wasoppised to direct tnxes, and to prohibitory and protective iJntie-, and in favor of such moderate, duties ns would not cut (iff in p.. tui ons. In other wards, he was in faiwT'f i educing tin ilvtie- to the rules tit the Compromise Jlet.wliere the M his Congrtss found them i.ra the ZOth of June. 81;!." ' I'be tsoiiih. nnd he with them, had voted for Ihe net of 1832 becijuse it was a reducti. n of the rme, of the in t of 1828, ti m.i .I. by no menus so low n> he would have de-ired it to he; sii I it w:is t e greatest reduction which could be attained at the tin. <■ of us |j ssiici." " The iliffei ence between thcavrsc of the political party with mil ch in-' ».r. i\li ton iiiown) nets ami inn self, is, whilst then :■ re ihr nd'tcrj s "J I iistributiiili inula I RoThCTlVK Tkifk — meaxmes uhich I consider minims to the intrusts of the country, and'.-i cciuUytntJie.intire.rts vf the I'lanliag States — I lw.ee steadily and at ail limes opposed bo:h." These ( xiraois conclusively prove the hostility I of Col Polk to the Protective Policy, which he considers i -ruinnvs to the count ty, especially to the planting States.'" That is a sufficient argu- iii ii' with him. He thetefore is now lor "re- ducing the duties to the rates under the Com- promise Act, whtre the Whig Congress found 1/ cm on the 3.Ii/j Jane. 1842 ;" arm Gov. Polk hiuisell stiuws i "the tax on no immrted ar. 12 Mr. Polk's Hostility to the Present and to any Protective Tariff. tide icas to exceed twenty per cent, vpon its value after the 30th of June, 1842." Then it is clearly seen that he is for a Horizontal Tariff of twenty per cent, with discriminations (if any are made) below even that rate. I pass by, without comment, the far-seeing, statesmanlike predictions of Gov. Polk, that the Tariff of 18-12 " had raised the rates of duty so high as to shut out imports, and consequently to cut off and diminish revenue." The subsequent increase of both imports and revenue under this Tariff have given such a fulfilment to this prophecy as must forever immortalize Col. Polk as a wonderful prophet ! During the consideration of the tariff of 1842, as the revenue produced by the twenty per cent duties of the compromise act were altogether in- adequate to defray the expenditures of the Gov- ernment, a proposition was made to lay a duty on tea and coffee, for which a number of the Whigs in Congress voted, in order to increase the rev- enue and redeem the sinking creoitof the Govern- ment. Col. Polk seized upon this vote to give a castigation to those Whigs who had voted for this proposition. This called forth a response from the Hon. Milton Brown, of Tennessee, and led to a political discussion at Jackson, Ten- nessee, where Col. Polk delivered the speech above referred to. He was most triumphantly answered by Mr. M. Brown, who clearly demon- strated that the bill of 1833 reported by the Com- mittee of Ways and Means, of which Col. Polk was a member, (and in favor of which he made the speech first quoted from,) proposed to impose a duty of twenty per cent, on lea and coffee. — At the time this proposition was made, tea and coffee were entirely free of duty ; and another striking fact appears from Col. Polk's speech in 1833, that the Government then had '' six mil. lions of revenue from the impost more than we need." [Congressional Debates, vol. ix, page 1174.] Yet, notvvithstand such was the ad- mitted fact. Col. Polk voted against a proposi- tion to strike out tea and coffee from the pro posed bill, so as to continue them free of duty. — [Jour- nal of House of Representatives 1832-'3, pp. 390 and 391 ] But this subject was so ably bandied, and Col. Polk's ad captandum objection so thorougly exposed by Mr. Shown in his re- sponce B to Col. Polk on that occasion at Jackson, Tennessee, that I must beg to call your attention to the extracts from his remarks which I here append : and I do so the more earnestly as it gives an insight into some of the traits of char- acter of the newly made candidate of the Loco- Focos for the Presidency. Coinciding as Col. Polk does in opinion with Calhoun and the ultra anti-tarifffree-trade men of the South in his views on the tariff, it is not surprising that they should have been willing to compromise on him, nor is it at all astounding to hear that Messrs. Pickens and Elmore, the min- isters plenipotentiary from South Carolina to Baltimore, although refusing to participate in the proceedings of the Convention, yet, when the nomination was made, rose up in the Convention and pledged the vote of South Carolina for Col. Polk. And it now only remains to be seen whether that large portion of the Democratic party who believe in the policy and propriety of bestowing faif protection upon American indus- try, will consent to be handed over without notice or consultation to the support of a free trade hori- zontal-tariff advocate, who is the make-shift can- didate of the Baltimore Convention. Respectfully yours, „. „ „ JOHN J. HARDIN, oflllinois. Washington, May 20. 1644. Now Ready. I. Protection and Free Trade : The Ques- tion Stated and Considered : By H. Greeley, Is just published in a large, close tract of 16 pages.*— Price $2 per hundred, $15 per thousand. This Pamphlet aims to present a succint and lucid sum- mary of the argument for a Protective Tariff, meet- ing and answering the adverse assumptions of 'Free Trade.' II. The Tariff as it Is, compared with the Substitute Proposed by its Adversaries; being a clear statement of every material provision of the present Tariff, with the reasons for imposing a higher or lower duty on nearly every important article. The several clauses are contrasted with the mischievous and defective provisions of McKay's bill. The purpose of this Tract is to show the benefi- cial effects of Protection and the utter impossibility of affording even Incidental Protection by a Horizon- tal Tariff. Price $2 per hundred, $15 per thousand. Orders are respectfully solicited, by Greeley & McElrath, Tribune office, New- York. Letters of Cassius M. Clay. — Slavery : The Evil — The Remedy — Emancipation— Its Effects— r Is Cassius M. Clay an Abolitionist? — Letters of Cassius M. Clay on the Presidency. The above are published in a Tract and for sale at the Tribune office. Price $1 25 per 100, or $10 per 1000 copies. iii» Ten Copies for one Dollar I BIOGRAPHY OF HENRY CLAY, ONLY TWELVE AND A HALF CENTS! 0=- The undersigned will publish THIS MORNING a new and greatly improved edition of THE LIFE AND PUBLIC SERVICES OF HENRY CLAY: By Efes Sargent, Esq. of tie City of New York. Brought down to the year 1844. This work will be publish- ed on clear and uew type, in a neat octavo form, and put up with paper covers, with a new and handsome lithographic full length Poi trait. It will be sold at 12i cents for the sin- gle copy; Ten Copies for One Dollar. This is the fullest and most complete Biography of Mr. Clayever published. (0=* Clay Clubs, Whig Committees, Booksellers and oth- ers, will please send in their orders as early as possible.— Country Merchants now about visiting the city will afford 8 avorable opportunity to those wishing to order. GREELEY & McELRATH, fe24 Tribune Buildings. 160 Nassau street. &T" Whig Songs for 1844.— Just published at the Tribune Office, in neat pamphlet lorm, a collection of the best popular Whig Songs. Price for single copies 3 cents, £2 per 10(1 or 815 per 1000 copies. GREELEY & McELRATH. The Clay Minstrel : Or National Songster, wiuh a Sketch of Mr. Clay's Life, &c. By John S. Littell of Ger- mantowu. Pa. Price 25 cents— $16 per 100. O^ The American Laborer.— Clay Club Libra* ries and Reading Rooms will be supplied with the American Laburer, bound in boards, at the rate of $750 per dozen. :«fc ^ "Jill: ^1 % >'* '. ^ -* * o » o ' <^> %.,**V V«4 + " 4> .0 lo o *£• 1 *, <' °o > .^•X> °o ■^ Jk ^ & ,%& A,o