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United States. Presidents.

"United States Presidents' Inaugural Speeches"

In levying duties for revenue it is doubtless
proper to make such discriminations within the revenue principle
as will afford incidental protection to our home interests. Within
the revenue limit there is a discretion to discriminate; beyond
that limit the rightful exercise of the power is not conceded. The
incidental protection afforded to our home interests by
discriminations within the revenue range it is believed will be
ample. In making discriminations all our home interests should as
far as practicable be equally protected. The largest portion of
our people are agriculturists. Others are employed in
manufactures, commerce, navigation, and the mechanic arts. They
are all engaged in their respective pursuits and their joint
labors constitute the national or home industry. To tax one branch
of this home industry for the benefit of another would be unjust.
No one of these interests can rightfully claim an advantage over
the others, or to be enriched by impoverishing the others. All are
equally entitled to the fostering care and protection of the
Government. In exercising a sound discretion in levying
discriminating duties within the limit prescribed, care should be
taken that it be done in a manner not to benefit the wealthy few
at the expense of the toiling millions by taxing lowest the
luxuries of life, or articles of superior quality and high price,
which can only be consumed by the wealthy, and highest the
necessaries of life, or articles of coarse quality and low price,
which the poor and great mass of our people must consume.


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