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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.

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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of the nation will be prostrated; and by the other, a large portion of the gold and silver now in general use will be withdrawn from circulation.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!'

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

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