Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-01-05
SELECTIONS.
THE 7REaSURYREPORT.


of incredulity, with which the doctrines preached
In the annual report of the treasury have been re-
ceived In this city" - Viewing in this light the
opinions OF Mr. Rush respecting the protection to
be afforded 10 domestic manufactures, and the ar
guments by which he enforces them, we feel con-
strained TO say, that mortified for the
try by this exposition. When the old world is
shaking OF its errors, and hastenng fast and as
tar as the pernicious fruits of those errors and the
Immense Fictitious interests TO which they have
given BIRTH, viii allow, to the adoption of sounder
views and more enlightened policy, it mortiiies
us that in this young and vigorous country, free
alike from the influence of old systems and old
p'e)ud'ces, we should be called upon from SO high
source 10 sacher up aud adopt those exploded
theories" ". y. Foe Post.
" IL is deemed proper respectfully 10 submit the
expectancy OF effectively increasing the existing
duties upon all manufactures of Cotton, OF a fine
quality > Treasury Report.
such Is the conclusion at which the Secretary OF
the Treasury, after elaborate essay ON the expe-
dency OF protecting domestic manufactures, ar
rives; and 1t is the soundness of this conclusion in
mere practical point OF view, and wholly uncon-
Dected with any o the theories of " speculative
economists" ihatwe now propose to examine. 1t
Is already known 10 those OF our readers no take
any interest IN such matters, that the coarser fab
rics OF cotton are protected by duty equivalent
100 per cent! and that in addition TO this exorbi-
tant duty, all the charges and expenses of impor-
tation are TO be TeckeneI as SO much extra bounty
TO the home manufactured BY virtue of these
and similar encouragements, it will not be denied
that these manufactures appear, the Secretary
has it, 'to be Tor the first time upon the eve
OF striking root" Nor will it be contested, we
apprehend, by any one, that at the same cost any,
and all manufactures from tiobein tapestry and
Brussels lace, down 10 rat tail files and patent
mouse traps, may be brought to the fair state
OF expectancy. Give but heat and light, and you
can raise the choicest fruits of the south in hyper
borean regions, and fill the lap of chill December
with the riches of teeming May. But it is the
policy oil such unnatural exc;tements that is ques-
toned. What is The fact IN regard TO these coarse
cottons! That they are sold at price double that
Tor which they could be imported That articles
which the consumer now buys % cents per
yard, he might, if the government only assessed
upon the importation much relative duty their
fiscal wants required, and no more, purchase for
IL l-2 ceats per yard. Upon every yard then of
such fabrics, worn by every man, woman and child
throughout the United States, a tax of 2l-2 cents
Is paid tor the sole and entire benefit Of the manu-
iacturer, and what that tax amounts TO in the az
gregate, let ihose who aware of the very gene
raj use OF cotions, both as apparel and furniture
estimate. 1t will be admitted, indeed, that the ex-
pectations OF those who haveurged and succeeded
been fulfilled, and that these manufactures are not
on he eve OF striking, but have actually struck
root deeply and widely; and it may be added that
oil all classes oil men In pursuits OF business, the
manufacturers are those who beyond all COM
parison the most prosperous. They are coming
money, and while presen, prohibitions exist, will
continue to coin money. Theg are firmly estab-
lished, but we have no intimaton of their willing
ness 10 dispense with protection. You may add TO-
but you may not reduce the tariff and yet the fact
stated in the Treasury Report, and otherwise no
torous, OF the very considerable expectation which
Is now made OF domestic fabrics, would seem 10
indicate that protection is longer needed. OF
the ski y-six millions of domestic exports during
the pas; year, manufactures have furnished to the
amount OF between five & six millions OF dollars
OF this amount large item Doubtless was made
up OF cotton fabrics. Now if our manufacturers
are enabled to meet and cope in foreign markets
where they are on equality, and have no adv an
iases, with BRUSH, or French, or German fabrics
IL mus, be, either because the quality of their art-
Giles Is superior and commands preference at the
same rates; and in that case they would do so in
the home market, without the aid of the tariff; or
because their gains so large upon their home
sales. that they afford to venture little in fore
ing foreign markets; and IN that case, the consul
mers OF the United States are made to pay, in or
der that those OF Mexico Colombia may be
more cbeaply furnished. AT any rate, however, it
is not TO be concealed, that annual tax, of which
the enormous amount if calculated, would startle
belief, Is paid by the consumers Of the L. States
in order TO maintain thirty forty, or to give
it in its utmost extent, three or four hundred!
master manufacturers in splendor and opulence; and
their operatives, that seems 10 be the name by
which they are now Distinguished in England) in a
state OF existence little above that OF the machines
which they superintend; and all this under the
specious preteXt of encouraging domestic industry
But 10 revert to our more immediate purpose,
that OF showing practically the effect TO be appre-
hended from raising the duty fine qualities of
cottons La order to show what those duties now
are, and what they swelled to, by the necessa-
r.: and unavoidable expenses OF importation, we
subjoin statement furnished at request, by a
most respectable importing hoGse-not English
manufacturers agents which seems to- make a
difference in the reasonings OF some people, but
Americans, bred and born, paying scot and lot
and thriving with, and only desiring to thrive with
their country.
Cost Of Importation Of Cotton Goods, not
| subject to square yard dnfy.
Duty, 81 1-2 per CT
Exchange, present rate o
! Commissions for purchasing, 21-2
Interest on REIMBURSEMENT from the
time OF rehitting the bill ill in
funds, Tor the goods, supposing
! the credit given now to be six
months,
| Shipping charges, "a
Outside packages, &c.
Bankers commission,
Insurance,
Freight,
Duty on boxes, slipping csrgoes,
| commissions, sc.
Total, 40 "a
Add TO this also, the exchange on
a..