That our exports of food,
already increased and increasing beyond former example under the more
liberal policy which has been adopted, will be still vastly enlarged
unless they be checked or prevented by a restoration of the protective
policy can not be doubted. That our commercial and navigating interests
will be enlarged in a corresponding ratio with the increase of our trade
is equally certain, while our manufacturing interests will still be the
favored interests of the country and receive the incidental protection
afforded them by revenue duties; and more than this they can not justly
demand.
In my annual message of December last a tariff of revenue duties based
upon the principles of the existing law was recommended, and I have seen
no reason to change the opinions then expressed. In view of the probable
beneficial effects of that law, I recommend that the policy established
by it be maintained. It has but just commenced to operate, and to
abandon or modify it without giving it a fair trial would be inexpedient
and unwise.
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