Peace is, indeed, our policy. A kind Providence has cast our lot on a portion of the globe sufficiently vast to satisfy the most grasping ambition, and abounding in resources beyond all others, which only require to be fully developed to make us the greatest and most prosperous people on earth.
There was no measure that required greater caution or more severe scrutiny than one to impose taxes or raise a loan, be the form what it may. I hold that government has no right to do either, except when the public service makes it imperiously necessary, and then only to the extent that it requires.
With such irresistible evidence before us of the great and rapid progress of abolitionism without the slightest indication of abatement, he is blind who does not see, if the state of things which has caused it should be permitted to continue, that it will speedily be too late, if not to save ourselves, to save the Union.
I saw that the incorporation of Texas into this Union would be indispensable both to her safety and ours. I saw that it was impossible she could stand as an independent power between us and Mexico without becoming the scene of intrigue of foreign powers, alike destructive of the peace and security of both Texas and ourselves.
Every dollar of tax imposed on our exchanges in the shape of duties impairs, to that extent, our capacity to meet the severe competition to which we are exposed; and nothing but a system of high protective duties, long continued, can prevent us from meeting it successfully. It is that which we have to fear.
Our government is deeply disordered; its credit is impaired; its debt increasing; its expenditures extravagant and wasteful; its disbursements without efficient accountability; and its taxes (for duties are but taxes) enormous, unequal, and oppressive to the great producing classes of the country.
The strong should always permit the weak and aggrieved to talk, to bluster, and scold without taking offence; and if we had so acted, and exercised proper skill in the management of our affairs, Mexico and ourselves would, by this time, have quietly and peaceably settled all difficulties and been good friends.
England has not wholly escaped the curse which must ever befall a free government which holds extensive provinces in subjection; for, although she has not lost her liberty or fallen into anarchy, yet we behold the population of England crushed to the earth by the superincumbent weight of debt and taxation, which may one day terminate in revolution.
There is not an example on record of any free state holding a province of the same extent and population without disastrous consequences. The nations conquered and held as a province have, in time, retaliated by destroying the liberty of their conquerors through the corrupting effect of extended patronage and irresponsible power.
Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.
Measures of policy are necessarily controlled by circumstances; and, consequently, what may be wise and expedient under certain circumstances might be eminently unwise and impolitic under different circumstances. To persist in acting in the same way under circumstances essentially different would be folly and obstinacy, and not consistency.
I would rather be an independent senator, governed by my own views, going for the good of the country, uncontrolled by any thing which mortal man can bring to bear upon me, than to be president of the United States, put there as presidents of the United States have been for many years past.
It is a fundamental rule with me not to vote for a loan or tax bill till I am satisfied it is necessary for the public service, and then not if the deficiency can be avoided by lopping off unnecessary objects of expenditure or the enforcement of an exact and judicious economy in the public disbursements.
War, in our country, ought never to be resorted to but when it is clearly justifiable and necessary; so much so as not to require the aid of logic to convince our understanding nor the ardour of eloquence to inflame our passions. There are many reasons why this country should never resort to it but for causes the most urgent and necessary.
Be assured that, as certain as Congress transcends its assigned limits and usurps powers never conferred, or stretches those conferred beyond the proper limits, so surely will the fruits of its usurpation pass into the hands of the Executive. In seeking to become master, it but makes a master in the person of the President.
Where wages command labor, as in the non-slaveholding States, there necessarily takes place between labor and capital a conflict, which leads, in process of time, to disorder, anarchy, and revolution if not counteracted by some appropriate and strong constitutional provision. Such is not the case in the slaveholding States.