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mocratic Congress elected with Polk. The new Secretary of the Treasury, Robert J. Walker, of Mississippi, in his first report, strongly favored a lighter tariff, making what was considered an attack on the protection policy; and a bill which bore his name was passed (by the casting vote of Vice-President Dallas in the Senate, and against the vote of every Representative but one from Pennsylvania) which divided dutiable articles into classes, those in Schedule C, for instance, which included most products over which there was a special controversy, to pay a duty of 30 per cent on their value; the tariff of 1842 provided that iron, in this schedule, should pay so many dollars per ton. In 1846, Pennsylvania, in an off year, chose sixteen Whigs out of her nineteen Representatives in Congress, and the Whigs made encouraging gains in other important States. Greeley strongly favored the nomination of Clay again in 1848, and another tariff campaign, but the convention named General Taylor.
n. Greeley did not ignore, in the next few years, the growing importance of the slavery question, as it was shaping itself in connection with Texas annexation; but he did not abandon the tariff as his favorite leading issue for the campaign of 1848. Polk's letter to John K. Kane, in 1844, in which he had declared it the duty of the Government to extend fair and just protection to all the great interests of the whole Union, had, together with the placing of Dallas on the ticket with him, takt products over which there was a special controversy, to pay a duty of 30 per cent on their value; the tariff of 1842 provided that iron, in this schedule, should pay so many dollars per ton. In 1846, Pennsylvania, in an off year, chose sixteen Whigs out of her nineteen Representatives in Congress, and the Whigs made encouraging gains in other important States. Greeley strongly favored the nomination of Clay again in 1848, and another tariff campaign, but the convention named General Taylor.
January 1st, 1842 AD (search for this): chapter 7
exceeded 20 per cent under the act of 1832, on the following scale: 10 per cent of the excess to be removed on January 1, 1834; 10 per cent more on January 1, 1836; another 10 per cent on January 1, 1838, and a fourth on January 1, 1840; on January 1, 1842, one-half of the remaining excess was to be abolished, and the remainder of the excess on July 1, 1842, leaving, after that date, a uniform tax of 20 per cent. One of the arguments used by Clay to secure support for his compromise from his fto change the law. But the approach of the date when the horizontal rate of 20 per cent would go into effect was causing uneasiness. The duty on rolled bar iron, for instance, which was 95 per cent (specific) in 1832, had dropped to 42.5 on January 1, 1842, and would drop to 20 per cent in the coming July. Moreover, the extra session of Congress which assembled in June, 1841, had to face a deficit of the revenues. As the Whigs were in control of both Houses they could make any change in th
ar in New York city, strengthened his already formed convictions. But during the earlier years of his editorial work in New York and Albany the tariff was not a prominent issue. The compromise act passed in 1833 continued in force until 1842, and, although it was not operating as Clay and other of his supporters anticipated (Clay looked for its speedy amendment), it was not made a live issue. We find the existing tariff law named in the New Yorker as one of the causes of the hard times of 1836-1837, the possibilities of silk culture in New York State set forth, and the objections of the Evening Post to a proposed State bounty of fifty cents a pound on silk produced in the State warmly combated. The compromise act provided for a reduction of all duties which exceeded 20 per cent under the act of 1832, on the following scale: 10 per cent of the excess to be removed on January 1, 1834; 10 per cent more on January 1, 1836; another 10 per cent on January 1, 1838, and a fourth on Janu
g forth the leading matters which should be acted upon, including, in order, the repeal of the Sub-treasury law, the incorporation of a United States Bank, and the raising of the necessary revenue both by an increase of duties and a loan. The extra session passed no tariff bill, but it did authorize a loan of $12,000,000, which, on account of the condition of the public credit, the Treasury found it difficult to secure. In his message at the opening of the regular session in the following December, President Tyler recommended tariff revision, with a view to the substitution of discriminating for level rates, but without violating the spirit of the compromise of 1833. The Secretary of the Treasury, in his report, suggested that the condition of the finances would no longer permit a strict observance of that act. In the following March-just previous to his farewell to the Senate-Clay introduced resolutions favoring an increase to 30 per cent of the duties that would be reduced to 20
ugh it was not operating as Clay and other of his supporters anticipated (Clay looked for its speedy amendment), it was not made a live issue. We find the existing tariff law named in the New Yorker as one of the causes of the hard times of 1836-1837, the possibilities of silk culture in New York State set forth, and the objections of the Evening Post to a proposed State bounty of fifty cents a pound on silk produced in the State warmly combated. The compromise act provided for a reduction k effect. But during the second administration of Jackson and the administration of Van Buren-the latter had no very clear views about the tariff --other financial questions occupied the attention of the country, and even during the hard times of 1837-the tariff was only incidentally alluded to in the discussion of remedies; and until after the election of 1840 no aggressive steps were taken to change the law. But the approach of the date when the horizontal rate of 20 per cent would go into e
Clay to secure support for his compromise from his fellow protectionists was that it would be superseded before its ultra reductions took effect. But during the second administration of Jackson and the administration of Van Buren-the latter had no very clear views about the tariff --other financial questions occupied the attention of the country, and even during the hard times of 1837-the tariff was only incidentally alluded to in the discussion of remedies; and until after the election of 1840 no aggressive steps were taken to change the law. But the approach of the date when the horizontal rate of 20 per cent would go into effect was causing uneasiness. The duty on rolled bar iron, for instance, which was 95 per cent (specific) in 1832, had dropped to 42.5 on January 1, 1842, and would drop to 20 per cent in the coming July. Moreover, the extra session of Congress which assembled in June, 1841, had to face a deficit of the revenues. As the Whigs were in control of both Houses
k in New York and Albany the tariff was not a prominent issue. The compromise act passed in 1833 continued in force until 1842, and, although it was not operating as Clay and other of his supporters anticipated (Clay looked for its speedy amendment)eley that Tyler was treacherously coqueting with Loco-focoism with a view to his own renomination. Greeley made a trip in 1842 through parts of New England, New York State, and Pennsylvania, including Washington in his itinerary, and on his return h article in the Merchants' Magazine of May, 1841, which replied to a free-trader's argument, and he and McElrath began, in 1842, the publication of a magazine called The American Laborer, whose purpose was the inculcation of the protective doctrine. uded most products over which there was a special controversy, to pay a duty of 30 per cent on their value; the tariff of 1842 provided that iron, in this schedule, should pay so many dollars per ton. In 1846, Pennsylvania, in an off year, chose six
he country, and even during the hard times of 1837-the tariff was only incidentally alluded to in the discussion of remedies; and until after the election of 1840 no aggressive steps were taken to change the law. But the approach of the date when the horizontal rate of 20 per cent would go into effect was causing uneasiness. The duty on rolled bar iron, for instance, which was 95 per cent (specific) in 1832, had dropped to 42.5 on January 1, 1842, and would drop to 20 per cent in the coming July. Moreover, the extra session of Congress which assembled in June, 1841, had to face a deficit of the revenues. As the Whigs were in control of both Houses they could make any change in the tariff on which they might agree, and to which the President would consent. Clay, their leader, quickly presented his program in the shape of a resolution setting forth the leading matters which should be acted upon, including, in order, the repeal of the Sub-treasury law, the incorporation of a United
mended tariff revision, with a view to the substitution of discriminating for level rates, but without violating the spirit of the compromise of 1833. The Secretary of the Treasury, in his report, suggested that the condition of the finances would no longer permit a strict observance of that act. In the following March-just previous to his farewell to the Senate-Clay introduced resolutions favoring an increase to 30 per cent of the duties that would be reduced to 20 per cent in the following June, and at the same time a repeal of the law under which there was to be no distribution of the proceeds of land sales among the States so long as the tariff rate exceeded 20 per cent. The death of Harrison elevated to the presidency a man whom Greeley in later years characterized as an imbittered, implacable enemy of the party which had raised him from obscurity and neglect to the pinnacle of power. The Tribune gave Tyler faithful support in the early part of his administration, even taking
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