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e:.a,, t.~ s,pos,te of those necessary to obtain tho foreign.

 In the former, the increased expense of production in consequence of sys- tenn of protection may be more tsia', ror,,pe,,s9.;tt.sa. i t.>s .he increased price at home of the article protected but IT. me latter this advantage is lost, and as there :s ao other corresponding compensation. the increased cost of production must he dead loss in the foreign marRet.- But whether these advantages. ana nan. others flaat might be mentioned, will ultimately compensate to the lu'i extent CT not, the loss to the fnanuiae- furers on the reduction of the duties, certain its. that we have approached pair.t at which a great change cannot he much longer delayed; and that the more promptly it may be met, the less excitement there will be. and the great CT leisure and calmness for cautious and sl<iiiul operation in making the transition; and which t becomes those more immediately interested duly to consider. Nor ought they to overlook, in considering the question, the differ ent character of the claims of the two sides. The one asks from the Govern ment no advantage, but simply to be let alone in the undisturbed possession of their natural advantages, and to secure which. as far as was consistent with the other objects of the Constitution, was one of their leading motives in entering into the Union; while the other side claims, for the advancement of their prosperity, the positive interference of the Government. In such cases, on eve F principle of fairness and justice, such interference ought to be restrain cd within limits strictly compatible with the natural advantages of the other.- He who, looking 10 all of the causes ID operation, tic near approach oi the H. nal payment of the public debt; the growing disafection and resistance to the system in so large section of the country; tine deeper principles ',s. sss.i.iie,'' opposition to # is gradually turning; must be, indeed, infatuated not to see q great change is unavoidable; and that the attempt to elude or much longer de- laY it, must finally, but increase the shock, and disastrous consequences which may follow.

 In forming the opinions l have ex- pressed. 1 have not been actuated by an unkind feeling towards our manufae- turing interest. new am7 and ever have been decidedly friendly to them; though l cannot concur i'll all of the measures which have been adopted to advance them. 1 believe, considerations higher, than any question, of mere pe- euniary interest, forbids their use. But subordinate to ttisicse higher views of policy, I regard the advancement of mechanical and chemical improvements sin the arts with feelings little short of f enthusiasm; not only, as the prolific ; source ccofnationaland individual wealth, bul, IS the great means of enlarging the domain of man oycrthe material world, and thereby, of laying the solid founda tioa: of highly improved condition of oeiety, morally and politically. l fear not, that we shall extend our power too far ever the great agents of nature; but on the contrary, consider such enlarge ment of our power, as tending. more certainly and powerfully, to better the condition of our race, than any one of che many powerful causes, now operaI- ing to that result. With these impress sions, l not only rejoice at the general progress of the arts in the world, but in their advancement in our own coun- try; and, as far as protection can he in- cidcntally afforded, in the fair and hon. est exercise of our constitutional pow ers,.l think now, as have always done, 1 that sound policy, connected with the security, independence and peace of the l country, require them to he protected. hut, that we cannot go single step be- yond, without jeopardizing our peace. ouUharmony, and our liberty; consider cations of infinitely more importance to us than any measure of mere policy can possibly be-

 In thus placing my opinions bcforc.he public, have l.oi been actuated b, tie expectation of changing the pubic sen timent. Such a motive on question so long agitated, and so bcsct with feel. ings of prejudice and interest, would argue. on my part, an insufierable vanity, and a profound ignorance of the human heart. To avoid as far as possible, the imputation of either, l have confined my statement in the many and impor- tant points, on which have been com pelled to touch, 10 simple declaration of my opinion, without advancing an, other reasons to sustain them. than what