The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1828-04-24

inlposts ie tax on consumption. Was
the gentleman ignorant Of the great prin
ciple ofthese books, or, did he, knowingly
misstate their doctrines cannot believe
lac cen shelter himself. behind q want ol
knowledge.
IN the speech which I have published
the true principles Of the laws ofimpost for
revenue, encouragement, and protection
rates as encouragement, when it raises the
price of imported product, and enables the
domestic producer TO sell his product, being
ofequal equality, al the same price, in the
same market. When imposts amounts to
protection, and gives the domestic market
TO the domestic product, importation cea-
ses, revenue Ceases, and domestic compe-
tition reduces price to the cost Of produc-
ing and bringing the domestic product to
market Cotton wool 10 perfectly protect
ed. II has the whole domestic market.
Impost stands at 3 cents q pound Does
the producer receive Of the consumer Of
cotton this amount Of mpost If the I'M
post were one 100, instead Of 3 cents,
would cotton be any dearerS What pro-
ductin the United States, perfectly protect
cd, is deerer for the amount of impost by
which It ia protected Are shoes, boots,
nails, gunpowder, cabinet ware, carriages ,
cotton cloths call any gentleman TO
name the article which isenhanced in price,
by one cent, for all the inpost for protec'
tion.
When am called upon BY gentleman
Of his attempted standing in this House,
can only wish that could control that fund
of cheap expenditure TO the gentleman, by
which he has scattered 5000 of these i'm.
poisoned political tracts, and mingle them
with the political aliment Of the nation.
would then, and will now, spread the anti
dote co.extens,yely with the pioson.
He has said aimed at political effect
So indeed l did (; and as hope to be in
mercy before that judgment seat where
must shortly appear, | do believe, that if
the Administration should be followed by
another, governed by the doctrines Of that
report, and abandoning the policy Of" the
American System" the independence Of
these United States will be soon Frustrated.
In that event, he who shall have effected
TINT catastrophe, by propagation OF the
doctrines Of " the Report on the state Ofthe
Finances" will have entitled himself to an
Immortality of infamy, by far more execra.
bic than that of him who burned the Tenn
PIE Of Ephesus.
Emo protected article be dearor from be.
ing protected by impost, how is the price
enhanced by such impost for protection
IF It be not dearer, how is it to,x on con-
sumption |? This is the principle of that
speech, and it sweeps from under the gen.
tleman all foundation for his report on the
state Of Finance. The doctrine is absurd,
that impost for protection is q tax on con-
sumption. put il to the conscience Oft the
gentleman, how, knowing these truths, he
dared thus to sin against tho light Of his
own mind. How he dared to grasp that
smouldering and half extiuguishcd i,e.
brand. and whirliug it ia the air, to gather
fame, toss the blazing torch into all that is
conbustible in this nation? If might
without improperly, would request gen.
tIemen to read that pamphlet have there 4
explained where impost is encouragement
and tax on consumption. Sugar and mo-
lasses are now almost the only products
under such imposts. II was wisely laid up.
on them to the intent that these incpient |
productions might be fostered, and finally |
supply the whole market. Domestic sugar
and molasses must then, if q smaller want
in impost shall give protection to the mar
ket, support the whole consumption, and be
sold as cheap rs they are in Cuba. These
are the doctrines Of that speech, and ] did
intend it to counteract the baneful effect of
the report of the gentleman. have said
he has possessed himself Of it by plagiar-
ism. II is true. The character will be fix
ed upon him by the nation. Boston is en-
titled to the original honor Of this political
absurdity.