The triumphant Republicans of 1816 obeyed this law
of their position;—one wing of the party,
under Mr. Monroe, being reluctant to depart from the
old Jeffersonian policy; the other wing, under Henry
Clay, being inclined to go very far in internal improvements
and a protective tariff. Mr. Clay now appears
as the great champion of what he proudly styled the
American System. He departed farther and farther
from the simple doctrines of the earlier Democrats.
Before the war, he had opposed a national bank; now
he advocated the establishment of one, and handsomely
acknowledged the change of opinion. Before the
war, he proposed only such a tariff as would render
America independent of foreign nations in articles
of the first necessity; now he contemplated the establishment
of a great manufacturing system, which should attract
from Europe skilful workmen, and supply the people
with everything they consumed, even to jewelry and
silver-ware. Such success had he with his American
System, that, before many years rolled away, we see
the rival wings of the Republican party striving which
could concede most to the manufacturers in the way
of an increased tariff. Every four years, when
a President was to be elected, there was an inevitable
revision of the tariff, each faction outbidding the
other in conciliating the manufacturing interest;
until at length the near discharge of the national
debt suddenly threw into politics a prospective surplus,—–one
of twelve millions a year,—which came near
crushing the American System, and gave Mr. Calhoun
his pretext for nullification.
At present, with such a debt as we have, the tariff
is no longer a question with us. The government
must have its million a day; and as no tax is less
offensive to the people than a duty on imported commodities,
we seem compelled to a practically protective system
for many years to come. But, of all men, a citizen
of the United States should be the very last to accept
the protective system as final; for when he looks
abroad over the great assemblage of sovereignties which
he calls the United States, and asks himself the reason
of their rapid and uniform prosperity for the last
eighty years, what answer can he give but this?—There
is free trade among them. And if he extends
his survey over the whole earth, he can scarcely avoid
the conclusion that free trade among all nations would
be as advantageous to all nations as it is to the
thirty-seven States of the American Union. But
nations are not governed by theories and theorists,
but by circumstances and politicians. The most
perfect theory must sometimes give way to exceptional
fact. We find, accordingly, Mr. Mill, the great
English champion of free trade, fully sustaining Henry
Clay’s moderate tariff of 1816, but sustaining
it only as a temporary measure. The paragraph
of Mr. Mill’s Political Economy which touches
this subject seems to us to express so exactly the
true policy of the United States with regard to the
tariff, that we will take the liberty of quoting it.