Message From the President of the United States, to the Two Houses of Congress, At the Commencement of the Third Session of the Twenty- Seventh Congress
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Extravagant duties defeat their end and object, not only by exciting in the public mind an hostility to the manufacturing in- terests, but by inducing a system of smuggling on an extensive scale, and the practice of every manner of fraud upon the revenue, which the utmost vigilance of Government cannot eff"ectually suppress. An opposite course of policy would be attended by results essentially different, of which eveiy interest of society — and none more than those of the manufac- turer — would... reap important advantages. Among the most striking of its benefits would be that derived from the general acquiescence of the coun- try in its support, and the consequent permanency and stability which would be given to all the operations of industry. It cannot be too often repeated, that no system of legislation can be wise, which is fluctuating and uncertain. No interest can thrive under it. The prudent capitalist will never adventure his capital in manufacturing establishments, or in any other leading pursuit of life, if there exists a state of uncertainty as to whether the Government will repeal to-morrow what it has enacted to- day.
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To quickly assess the difficulty of the text, read a short excerpt:
Extravagant duties defeat their end and object, not only by exciting in the public mind an hostility to the manufacturing in- terests, but by inducing a system of smuggling on an extensive scale, and the practice of every manner of fraud upon the revenue, which the utmost vigilance of Government cannot eff"ectually suppress. An opposite course of policy would be attended by results essentially different, of which eveiy interest of society — and none more than those of the manufac- turer — would... reap important advantages. Among the most striking of its benefits would be that derived from the general acquiescence of the coun- try in its support, and the consequent permanency and stability which would be given to all the operations of industry. It cannot be too often repeated, that no system of legislation can be wise, which is fluctuating and uncertain. No interest can thrive under it. The prudent capitalist will never adventure his capital in manufacturing establishments, or in any other leading pursuit of life, if there exists a state of uncertainty as to whether the Government will repeal to-morrow what it has enacted to- day.
What to read after Message From the President of the United States, to the Two Houses of Congress, At the Commencement of the Third Session of the Twenty- Seventh Congress?
You can find similar books in the "Read Also" column, or choose other free books by Tyler John to read onlineMoreLess
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