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Clay's Speech on Reducing Duties in the Senate 1832
In the Senate Mr. Clay presents a resolution to abolish or reduce existing duties on foreign imports not competing with U S produced goods except wines and silks. He reviews the national debt, sinking fund, and tariff history, arguing for prudent revenue use and suggesting possible repeal or reduction of duties as debt nears extinction. He warns against costly shifts and highlights concerns over surplus, distribution to states, and equity.
MENTIONED IN THIS ARTICLE
Senate
Clay
United States
Mer
United Sites
Congress
Sue
Lowndes
Army
Navy
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Secretary of the Treasury
Virginia