Indeed, we believe they are only delaying an open avowal
of the system till they can assure themselves that
the people will tolerate it. Let us, then, briefly
compare the two systems. The tariff is the cheaper
system, because the duties, being collected in large
parcels at a few commercial points, will require comparatively
few officers in their collection; while by the direct-tax
system the land must be literally covered with assessors
and collectors, going forth like swarms of Egyptian
locusts, devouring every blade of grass and other green
thing. And, again, by the tariff system the whole
revenue is paid by the consumers of foreign goods,
and those chiefly the luxuries, and not the necessaries,
of life. By this system the man who contents himself
to live upon the products of his own country pays
nothing at all. And surely that country is extensive
enough, and its products abundant and varied enough,
to answer all the real wants of its people. In
short, by this system the burthen of revenue falls
almost entirely on the wealthy and luxurious few,
while the substantial and laboring many who live at
home, and upon home products, go entirely free.
By the direct-tax system none can escape. However
strictly the citizen may exclude from his premises
all foreign luxuries,—fine cloths, fine
silks, rich wines, golden chains, and diamond rings,—still,
for the possession of his house, his barn, and his
homespun, he is to be perpetually haunted and harassed
by the tax-gatherer. With these views we leave
it to be determined whether we or our opponents are
the more truly democratic on the subject.
The third resolution declares the necessity and propriety
of a national bank. During the last fifty years
so much has been said and written both as to the constitutionality
and expediency of such an institution, that we could
not hope to improve in the least on former discussions
of the subject, were we to undertake it. We,
therefore, upon the question of constitutionality
content ourselves with remarking the facts that the
first national bank was established chiefly by the
same men who formed the Constitution, at a time when
that instrument was but two years old, and receiving
the sanction, as President, of the immortal Washington;
that the second received the sanction, as President,
of Mr. Madison, to whom common consent has awarded
the proud title of “Father of the Constitution”;
and subsequently the sanction of the Supreme Court,
the most enlightened judicial tribunal in the world.
Upon the question of expediency, we only ask you to
examine the history of the times during the existence
of the two banks, and compare those times with the
miserable present.