[kiryandil]

Calhoun wrote: "It is well known that the government has derived its revenue mainly from duties on imports."

That certainly hadn't changed in the ten years after his speech.

[smoothsailing]

I wonder how much was being pocketed by northern industrialists and merchants at the expense of the Federal treasury, and thus the states. Was there such a thing as a southern industrialist or merchant who was a member of that club? What a scam!

Calhoun estimated 100’s of millions, I guess we’ll never know any more accurately than that.