History of the Federal Government for Fifty Years From March 1789 to March

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The consequences have been low prices, temporary embarrassment, and partial loss. That such of our manu facturing establishments as are based upon capital, and are prudently managed, will survive the shock, and be ulti mately profitable, there is no reason to doubt.
" To regulate its conduct so as to promote equally the prosperity of these three cardinal interests, is one of the most difficult tasks of government ; and it may be regretted, that the complicated restrictions which now embarrass t
...he intercourse of nations, could not. By common consent, be abolished ; and commerce be allowed to flow in those chan nels to which individual enterprise, always its surest guide, might direct it. But we must ever expect selfish legislation in other nations ; and are therefore compelled to adapt our own to their regulations, in the manner best calculated to avoid serious injury, and to harmonize the conflicting in terests of our agriculture, our commerce, and our manufac tures. With these impressions, the attention of Congress is invited to the existing tariff, in the belief that some of its provisions require modification.

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