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Editorial
August 25, 1846
The Somerset Herald And Farmers' And Mechanics' Register
Somerset, Somerset County, Pennsylvania
What is this article about?
Editorial urges attendance at a meeting to oppose the Administration's policy destroying the protective Tariff, linking it to the British Tariff Act and Subtreasury Act, predicting economic depression, bank failures, and blame on banks.
OCR Quality
98%
Excellent
Full Text
The Meeting next Tuesday.
We expect to see a good turn-out to the meeting at the Court House next Tuesday evening. The course of policy which the Administration and its friends have adopted, demands from the people an expression of their sentiments, and especially that part of it which will soon press so heavily upon the industry of the country as to depress trade and prostrate labor.
All the other bad acts of the Administration might have been borne in silence, but the destruction of the protective Tariff is a measure which deserves to be condemned by every freeman in the nation.—
Whatever others may think, or say, or do, we feel assured that the hard-fisted yeomanry of Somerset county will speak out their sentiments as becomes freemen and republicans.
'The British Tariff Act and the Subtreasury Act are twin measures. Under the operations of the one, the industry of the nation will be prostrated; and by the other, a large portion of the gold and silver now in general use will be withdrawn from circulation. The result will be that Banks, however solvent, will be compelled to curtail their discounts—and others, having but a small capital, will explode. A general crash among business men will follow—and then, in order to blindfold the people, the Administration and its friends will cry out against "the Banks!—the rascally Banks!" as being the cause of all the mischief. Mark our words!'
We expect to see a good turn-out to the meeting at the Court House next Tuesday evening. The course of policy which the Administration and its friends have adopted, demands from the people an expression of their sentiments, and especially that part of it which will soon press so heavily upon the industry of the country as to depress trade and prostrate labor.
All the other bad acts of the Administration might have been borne in silence, but the destruction of the protective Tariff is a measure which deserves to be condemned by every freeman in the nation.—
Whatever others may think, or say, or do, we feel assured that the hard-fisted yeomanry of Somerset county will speak out their sentiments as becomes freemen and republicans.
'The British Tariff Act and the Subtreasury Act are twin measures. Under the operations of the one, the industry of the nation will be prostrated; and by the other, a large portion of the gold and silver now in general use will be withdrawn from circulation. The result will be that Banks, however solvent, will be compelled to curtail their discounts—and others, having but a small capital, will explode. A general crash among business men will follow—and then, in order to blindfold the people, the Administration and its friends will cry out against "the Banks!—the rascally Banks!" as being the cause of all the mischief. Mark our words!'
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Protective Tariff
Administration Policy
Subtreasury Act
British Tariff Act
Economic Depression
Bank Failures
What entities or persons were involved?
Administration
Somerset County Yeomanry
Banks
Editorial Details
Primary Topic
Opposition To Destruction Of Protective Tariff
Stance / Tone
Strongly Anti Administration
Key Figures
Administration
Somerset County Yeomanry
Banks
Key Arguments
Administration's Policy Will Depress Trade And Prostrate Labor
Destruction Of Protective Tariff Must Be Condemned By Freemen
British Tariff Act And Subtreasury Act Are Twin Measures Prostrating Industry
Subtreasury Act Will Withdraw Gold And Silver From Circulation
Banks Will Curtail Discounts Or Explode Leading To General Crash
Administration Will Blame Banks To Deceive People