the republican creed — as far as the money power of the government was concerned; and, to this extent, much more disposed to act with the advocates of the former, than the latter.
No state of things could be more adverse to carrying out the principles and policy which brought the old republican party into power, or to restoring those of the party, which they expelled from power — as events have proved. One of its first fruits was the passage of the act of 19th May, 1828, entitled, "An act in alteration of the several acts imposing duties on imports" — called, at the time, the "Bill of Abominations" — as it truly proved to be. It was passed by the joint support and vote of both parties — National Republicans, and those who, afterwards, assumed the name of "the Democracy" — the southern wing of each excepted. The latter, indeed, took the lead both in its introduction and support.
All preceding acts imposing duties, which this purported to alter, had some reference to, and regard for revenue; however much the rate of duties might have been controlled by the desire to afford protection. But such was not the case with this. It was passed under such circumstances as conclusively proved that it was intended, wholly and exclusively for protection; without any view, whatever, to revenue. The public debt, including the remnant of that contracted in the war of the Revolution, and the whole of that incurred in the war of 1812, was on the eve of being finally discharged, under the operation of the effective sinking fund, established
