What we want, above all things on earth in our public men, is independence. It is one great defect in the character of the public men of America that there is that real want of independence; and, in this respect, a most marked contrast exists between public men in this country and in Great Britain.
It is a fundamental rule with me not to vote for a loan or tax bill till I am satisfied it is necessary for the public service, and then not if the deficiency can be avoided by lopping off unnecessary objects of expenditure or the enforcement of an exact and judicious economy in the public disbursements.
I am not one of those who believe that we are bound to vote supplies to cover a deficiency in the treasury whenever called on, without investigating the causes which occasioned it.
I want no presidency; I want to do my duty. No denunciations here, or out of this House, can deflect me a single inch from going directly at what I aim, and that is, the good of the country. I have always acted upon it, and I will always act upon it.
How can this full, perfect, just and supreme voice of the people, embodied in the Constitution, be brought to bear, habitually and steadily, in counteracting the fatal tendency of the government to the absolute and despotic control of the numerical majority?
When we contend, let us contend for all our rights - the doubtful and the certain, the unimportant and essential. It is as easy to contend, or even more so, for the whole as for a part. At the termination of the contest, secure all that our wisdom and valour and the fortune of war will permit.
What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community.
Let a durable and firm peace be established and this government be confined rigidly to the few great objects for which it was instituted, leaving the States to contend in generous rivalry to develop, by the arts of peace, their respective resources, and a scene of prosperity and happiness would follow, heretofore unequaled on the globe.
I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.
To make a division of power effectual, a veto in one form or another is indispensable. The right of each to judge for itself of the extent of the power allotted to its share, and to protect itself in its exercise, is what, in reality, is meant by a division of power.
The Government of the absolute majority instead of the Government of the people is but the Government of the strongest interests; and when not efficiently checked, it is the most tyrannical and oppressive that can be devised.
It is no less the duty of the minority than a majority to endeavour to defend the country.
A difference must be made between a decision against the constitutionality of a law of Congress and of a State. The former acts as a restriction on the powers of this government, but the latter as an enlargement.
Every dollar of tax imposed on our exchanges in the shape of duties impairs, to that extent, our capacity to meet the severe competition to which we are exposed; and nothing but a system of high protective duties, long continued, can prevent us from meeting it successfully. It is that which we have to fear.
Measures of policy are necessarily controlled by circumstances; and, consequently, what may be wise and expedient under certain circumstances might be eminently unwise and impolitic under different circumstances. To persist in acting in the same way under circumstances essentially different would be folly and obstinacy, and not consistency.
In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
Restore, without delay, the equilibrium between revenue and expenditures, which has done so much to destroy our credit and derange the whole fabric of government. If that should not be done, the government and country will be involved, ere long, in overwhelming difficulties.
I know that there is a great diversity of opinion as to who, in fact, pays the duties on imports. I do not intend to discuss that point. We of the staple and exporting States have long settled the question for ourselves, almost unanimously, from sad experience.
In its exterior relations - abroad - this government is the sole and exclusive representative of the united majesty, sovereignty, and power of the States, constituting this great and glorious Union. To the rest of the world, we are one. Neither State nor State government is known beyond our borders. Within, it is different.
