The Wilmingtonian., 1824-05-13

population Of the Union, as display ing an I'm 1
friendly spirit, wholly inconsistent with the du-
ties which confederated states owe each o,'er'
calculated to nci'e jealousies and heart burnings,
and destructive of that identity Of interest," which,
ss il was one of the chief inducements to the a-
topton Of the federal constitution, is its only
sure cement, Ii
5,h Resolued, That We regard as an insult to
the public understanding, the attempt so indus
tronsIy made TO deter the Legislature of the u
nited States from modification Of the Tariff, by
the danger of smuggling, from increasing the
existing duties on cotons, woolen, andImanuf.c-
lures OF iron, steel, copper, brass, &c. 5, 10 or IL
per cent. while teas, spices, wines, salt, &C. &c.
are, and have for twenty years been subject to
duties, so, 60, TO- 8o 100, 100, I50 and spirits at
present 10 200 per cent
9th. Resolved, That the camor on the subject
of destroying commerce and navigation by the
proposed measure, is equally grourdess. So far
as regards commerce, let it be observed that two
thirds of the articles proposed to be subjected TO
additional duties, are imported @,y or for foreign
ers, who enjoy such fscili'ies by the existing sys
tenn that they have in at least the above propor-
ton excluded the American merchant from that
trade, And, so far as regards navigation, 1t is I
idle to pretend that it could produce any mate
rial effect on it, As the whole Of the American
tonnage employed in the trade with Great Britain.
from whence the chief part of our supplies OF ma
nufacturc. are derived, is but very little more
than that employed in the trade with Cuba and
tIayti; the first having been in 1923, only l43,975
tons, and the two last 14l,350.
| 9TH Resolved, Moreover, that the injury anti
cipated to commence from the protection OF ma
nufactures il in direct contradiction to the cxpe
rience of the world. As the property OF com
merce has at all times proce eded, pari passu
with the prosperity of manufactures. glance
at the situation Of Great Britain, AT the great.
est manufacturing and commercial country in the
81, the slo,htc Of the m
dulous. >.
9th Resolued, That the efforts made to territl
, the nation into hostility against the proposed
measure, on the ground Of the destruction OF the
revenue, and consequent resort to direct taxes
and excises, are wholly unwsrrantab'e; and that
the measure would rather increase than inure the
revenue, in confirmation of which opinion, we
beg leave to refer to the exceptionable testlmo.
ny of the present Secretary of the Treasury, who
in his report on the state Of the finances, dated
December 10, 1921, recommends some OF the
most important alterations now proposed, and
which have been the subjects OF the most violent
Opposition as a means OF increasing The revenue
IA general revision and correction of the du'
ties imposed upon foreign merchandise seem to
be required. Many of the articles aohich pay d'tt
q fifteen per cent ad ualorem, ought IN justice as
aGeN as policy to be placed at twenty-five per cent
!, which is the duty paid upon the principal art
d cles Of wooden and cotton manufactures. The
same observation is applicable 10 some OF the ar
> ,ices which pay twenty per cent ad valorem
It A correction Of the eristing d'sties Nth rieu
E. to increase Of the public repenue, could hard!5
T. fail to effect that object to the ertent Of neorl5
a. one million Of dollars annually. It is highly pro
If bable, however, that increase OF duty, on som'
- of those articles might eventually cause rcduc
. ton of the revenue; but this can only take place
- where similar articles are manufactured in TN
IS country. In that event domestic manufacture
T.. nlnltt n
" the community TO contribute to the public e1l
y lgencies, will have been proportionably increased
oe And in the succeeding year, be reiterated I'M
; same idea. ITO provide, he Observes for th
G. estimated defect Of the years 1895 and 1870.
IL we'll as TO meet any extraordinary demands upo
the Treasury, it is believed TO be expetient tha
the revenue should be incrsac~d. This u,ny b
conveniently effected by isdicious revision q
,e the tariff, which while it win not prove onerou
'' TO the consumer, will simplify the operations Q
r the officers and the customs"
III 9th, Resoipea, Tha, prohibiiory duties, or ab
solute prohibitions, far from necessarily produ
cling such n rise of prices, as would tax the ma
ri ny for the benefit Of the few" have un'torml.
~ produced reduction of prices. The interna
T. competition according TO the sound doctrines o
Alexander Hamilton, "soon does away every
thing like monopoly, and BY degrees reduces th'
n, price of the article to the minimum of reasona
n, bic profit on the capital employed" Whateve
;, doubts may have been heretofore entertained OF
this subject, have been laid At rest forever by tn
experiencc Of the coarse cotton manufacture
,e which, protected by a prohibtory duty, has to-
st years supplied our citizens with articles incomPs
il. ribly superior TO those formerly imported, at
II. reduction Of one third, and in some cases OF on
b. half of the prices Of the latter,
he 10Th, Resotved, That the most recent and cor
NJ rect accounts from all those markets where ou
w staples are permitted to be sold, concur in es
v. tabshing the injurious fact. that those market
are. with few exceptions glutted with those sta
ng piles, which are in consequence too generally sH
p at such reduced prices as scarcely Indemnify IN
ri, exporter, or remincra,e the cultivs,or.
w. 1lth, Resolre6, That this runous state OF thing
t. to which the disrcsses OF our country may b
fairly traced, proceeds almost altogether from tn
r.. depression of manufactures, whereby our ruine'
re manufacturers driven last resort, 10 farm
ing Hence farming being overdonc, numbers q
he our farmers have been impelled TO commence tn
,s. culture Of cotton and tobacco. This is one che
lst reason why the production Of those staples out
,t runs the consumption notwithstanding the grea
increase of the latter and accounts tor the conse
ID quent reduction OF price, by which the souther
r.. planters are themselves the victims OF the perm
IA cious policy they have so zenlously supported
raj l2th, Resolued, That adequate protection 9
he manufactures would have most beneficial et'ec
,s. on the national prosperity by encouraging tn
of emigration Of foreign artisans, mechanics AN
manuf. r,ho xyou1h enrich COtntr