ABSTRACT
It has been heretofore stated that the tariff law of 1816 was as strongly protective as the necessities of the country then demanded. The avowed purpose of Mr. Monroe was to provide, not for revenue alone, but for protection also, as a distinct and substantive principle. It is a well attested fact that the commercial wealth of Great Britain had its origin in the principle of protection - in the policy which gave preference to her own products over those of other countries. By means of this policy she was enabled to employ her own labor and capital for the maintenance of her own industry and the development of her own resources. No nation is better advised of this than Great Britain; and, therefore, she has taken care, from an early period, to see that her own manufactures were fostered and built up by proper Government protection.
