This text is part of:
Table of Contents:
 the last a mere cloud in the sky at that day, but destined soon to loom up and obscure the entire horizon. Thrown by a new apportionment into a partially new congressional district, he was beaten as a candidate for the Twenty-eighth Congress by a small majority; but two years afterwards he was easily elected to the Twenty-ninth Congress. This was the first Congress of Mr. Polk, whom he had helped to elect to the presidency. In this Congress he promoted the establishment of the Independent Treasury—a measure strongly opposed, but which vindicated itself and soon ceased to be a party issue. He also earnestly supported the celebrated revenue tariff bill of 1846, known in after years as the Walker tariff; and he also favored the warehouse system. The last measure was largely, if not wholly, his work. Its vast importance and place in modern commercial transactions is known to every merchant in the land; but how few of them know and are grateful to the statesman who did most to give it a permanent place in our fiscal system! On the subject of the tariff, Mr. Hunter followed the teachings of Adam Smith, Ricardo, McCulloch and the great political economists of Europe, whose works have built up the doctrine of free exchange of products, upheld in this country by Jefferson, Calhoun, Silas Wright, and numbers of our greatest thinkers and patriots, and held abroad by Peel, Cobden, Bright, Bastiat and Gladstone.
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.
An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.