Page:Life of Henry Clay (Schurz; v. 1).djvu/142

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130
HENRY CLAY.

industry, artificially developed by an abnormal state of things, was now to be artificially sustained against that competition. Tariff duties were resorted to for that avowed purpose, and a scheme was proposed by Dallas, the Secretary of the Treasury. He arranged the articles subject to duty in three classes: 1. Those of which the home supply was sufficient to satisfy the demand; they were to bear the highest duty, thirty-five per cent, ad valorem. 2. Those of which the domestic supply was only partially sufficient to satisfy the demand, comprising cotton and woolen goods, as well as iron and most of its coarser products, distilled spirits, etc.; these were to bear twenty per cent. And 3, those of which the home production was small, or nothing; these were to bear a simple revenue tax.

Most of the Federalists opposed this protective policy, while the Republican protectionists, illustrating the remarkable mutation of things, quoted against them Hamilton's famous report on manufactures. Webster and most of the New England men opposed it, because it would injure the shipping interest. John Randolph, independent of party, opposed it, because it would benefit the Northern States at the expense of the South. Calhoun, Lowndes, and their Southern followers supported it, not only as a means of national defense, but also in order to help the cotton interest, since England at that time levied a discriminating duty on raw materials to the disadvantage of cotton