The Life And Speeches of Henry Clay, of Kentucky: Delivered Mainly in the ...
The Life And Speeches of Henry Clay, of Kentucky: Delivered Mainly in the ...
Clay, Henry, 1777-1852
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It impairs no power of Congress over the whole subject ; it contains no promise or pledge whatever, express or implied, as to bounties, prohibitions, or auctions ; it does not touch the power of Congress in regard to them, and Congress is perfectly free to exercise that power at any time ; it expressly recognises discriminating duties within a prescribed limit ; it provides for cash duties And home valuations ; and it secures a free list, embracing numerous articles, some of high importance to ...the manufacturing arts. Of all the modes of piotection which I have enumerated, it affects only the third ; that is to say, the imposition of high duties, producing a revenue beyond the wants of government. The senator from Massachusetts contends that the policy of protec- tion was settled in 1816, and that it has ever since been maintained. Sir, it was settled long before 1816. It is coeval with the present constitution, and it will continue under some of its various aspects, during the existence of the government.
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