Speeches of Henry Baldwin, Esq., in the House of Representatives : On the Bills Reported By Him As Chairman of the Committee of Manufactures, Together With That of Mr. Clay On the Tariff Bill
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Merchants must see this^ they now feel it— - the situation of your seaports abundantly proves the fact. The pride of opinion must be abandoned. Cofn- merce is no longer what it was- --the change in the re- lations of the civilized world has been the cause — measures must be changed vvith the times ; and when we can trace to a definite source, a great pnrtion of all the embarrassments of the treasury and the people, we are called on by every motive which ought to influ- ence a national legislatu...re to join in the remedy. In asking for the abolition of credits on manufactured goods, it is not any bounty or even encouragement of do- mestic manufactures. It is only that you take away the bounty, tiie premiums on imported, the inducements, the temptations that a needy foreigner cannot resist-that you shall not • ake money from the people of this country, and lend it without interest, and often without security, to the foreign importer. Apply the favourite commercial maxim, not as practised on, but according to its real I ♦ i}t> S^^EECII Ol- MR.
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