Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1831-08-12

| considered 10 Be axiom poii'ical ECONOMY
guessed ina by the aud the merchan',
tina the eonsum pays the du upon imports, subject
| to rtan partial and temporary xeepuens, not af-
feci The general prineipl.. The merchan' who inn
ports he duabe arc'e must pay its price in the To-
reign market, the incitelisl expenses OF is impors
on Zone Of VIII oh /, the du ', aud be reimbursed tho
Interest Of lie capital invested the pa chase. These
items constitute the prime 10 this be adds tho
customary profit which is regulated by competition,
and the usual rate OF profits the soun'ry IL the du.
" were not reimbursed 20 the merchant, Especially
duty Of 40 per cen.) he would no. import. IL msAes
no difference wheher the 6uiabl- articles be imported
by the merchant or by hs grower Of tho raw mate
rial, who exchanges ii for etchend which lie ed.
Suppose the planter 'ends crop OF coo- England
and with ia proceeds Guys iron, co tons aud woohens
IL he eoaeumes part OF his mpo to aud ses The rest
in the 6rs' instance be advances The duties Upon ne
whole-but for the duties that part OF them vhtsS
he sells, he is reimbursed by the purcta' ia.
must be the case unless The plant, i0pcri. more oan
he consumes and ei,l not dispose OF the surplus n
the planter exchanges ms whole OF his cto. for dutis
BILE articles for bis uss, he wop,f certain ly nav
all the duties; butt /, manifest tai he would 90 so
as ne consumer, in common viii every other CONSUME
err moi as the producer and nd-r similar crcums,aL-
Gee, this would equally be the case he her the di
upon inrors wa or 90 per ,hsr the duly va.
imposed solely, io revenue or for the proe Of To-.
man u ia eturer.
That the 4" duty, whether laid upon imports or ax.
ports mus IN reali be paid by the American producer
OF Tue arhcies eSchanged,fs utterly with
the iac' lha The producer nigh; export his cotton, Sc
aeiand or fTahc aud speud the eds in either
OF 'hess k'nydo'oso' he might sppy them to he pay
mem OF debt due TO persons resident in Enrops-or
ne mshi sell his crop Tor bill oil excbangsor sell il
VA NnhiesionH or Nsw-tcrk for Of
hese distances, and in ohsrs which might DO stated,
would ne az a proc ueer, p.y any duty a;al. DID
make n. difference to The producer, wi ether the duty
was laid upon the cotton which he eSposed upon tho
imports for ~hch mis- be Achas ged surprising hat
ih present rate OF duy" averages east AS per sent.
aud 'ha the annu income OF cotton pi ner ia DOW
loU0 DOLLAR, Should he visiting duly be repealed Lis
in;ome would Hen be Sli50 Dies he sanguine
theorst imagine, that tho profit, OF The planter would he
ncreas en- rmous A 70 TO- by the abolition OF the
dutie?
II The iOregn purchaser cf any o. our ojucts,say
couon uil hX It's prise, dednc, from It's prise he
amount OF the duties upon the articles for whth u
saouid be exchanged, or the Tariff, ia any T,
raneea the price OF cur cotton in Europe, in ratio
equivalent 10 is dunes, the producer would then nav
me uuies upon The cotton " hch he exported. But we
Know thai The price OF on, depends upon the
same causes as that Of ohsr ,hngs--ihe proportion be-
@en tbs supply aod he Ell cuva d IN md. D.recs
oy ms rg0 tor, cotton is sold in Lon lon or Liv
efPooi according its relative v.lue, as ase the co
IONS OF Drazl OF Egypt or Of the British Eas West
snues' were our e.ton in The European market, sub
!ec' 10 redue ion 10 pce, commensurate with The du
unier me Iah (a' ha' been asse It'd, though not
10 " the ExPositi-n'o II would be twice incunbered
WIN 'hat duty, should bs exchange Tor dutiabie AZ.
neies-nTst ION it's saie-Dcxi upon the importation
NO me United States of In articles ms with h
=, -,sr- hi' ss,on woT $4,000. is nett proeeeus
would be $1,000 Under such circumstances, would
singls Bug OF cotton he exported /!
The aleg alton that the States growing eoiton TOBIAS
CO and rice, pay annually, SIG $780, 600 heir share
oil the general eop.rbu 70 the Treasury is found
Cd upon The presunpop, that the protective dulles fall
vi oa The exports. Having demonstrated this ~ be
'en:ots The allegation has no basis 10 rest upon. +.
quaiiy unenabIe with 'he foregoing. the position
that the OF the uthern staple States, md
OF the her States siabd I7 900 900 to $40 000,.
OOO, 10 favor the former. Il; reterrd q o state.
ment which is ,ubjoiaed, it will he clearly seen that
the revenue CT those States immediately Interested in
foreign trade wnieh cassed among the S,utL-
ein or staple States at least equal TO he income de-
rived by the latter States ffom the sans
4 nave thus commented upon some OF the pr omi.
neut and material 10 "ihe Exp,siJn not invd-
ousiy, or from the spirit Of eaptOus sri,ei, oil par
ty but because IN all qreons AMI especially in,
which so strongly exees the feelings aud deeply
effects the interests Of Safe, ought dulou.y
to guard against mems aud nfersnses from stat
ments which may conduct to 'alse and iujuriou,
conclusions. must exercise my nisnen', wheth.r
IN the pursuit Of abstract or OF practical knowledge
b i7Ving that the passages in ",ho Exposition" whieh
have noticed, are erroDeou,, have declared my
opinions unre'eryediy. II hey right, they will
nave the weight 10 which they entitled: ii they
wrong, they will be disreg srded.-To exhibit my own
views, will .Hsr tew remark, upon what seems
to M, TO be the effects OF the Tdnf Acts ,s,ed
in ''ihe Exposition" uoon tue cotton planters, tao
great capitalists of Soutb Carolina The protest annex
ed TO "the E&Poion," sis against the system OF pro-
tectins duties lately ,dopeI by the G,ner5l Govern
ment." From this language, il 10 evident, that he
objec ionabs Acts, solely those Of 1924 aud 1898.
BY the Act Of 1876 the average Of the CHEST duties
10 estimating proportion paid by the Southern
ton" assumes that az liable
United States, such silks linens, lace, wines, tea Coffee
Report Of the Secretary of tho Treasury 1922
o more sGoooooo Of which nearly consist.
cd OF commodities which
for that being tho last which has published much
moro than half Of the imports subject any duties
protection.
The Exposition.
do show the incouectnoss this allegation shall avail nv
sen OF an extract from pamphlet which published
tent and the bis knowledge political economy
statistics 81" is the Of all aoies estimate tho reln
tive loss comparing part of the Unon another, simply
ny comparison oil their domestic thoy appear tho
Reius OF the Treasury These proseDt
G @ 1S ssS% OF @ S HS d.
AS OF their
drawn from The foreign and ifado, they afford
IDEA at all Thus the income directly derived from
notcial intercourse
Om the Treasury Returns of hs domestic alone,
come would stand yontysSo favor Of
the vnlnc tho
ports aud tobacco, O0O
900 annu1y and tho from other
t2'uOOOO But this principle Of
the dhofont paris OF the country drawn from
oil the mercantile capital which employed purchasing
ng ard transporting the domestic United
- excluded We believe VIII bo admitted that
tie hs OF hat capita Is owned north Of the Potomac.
matters OF this Kind ofe highest character the gentlemen
engaged
I've lncomo including freight, mercantile capital
Pou ~ insurance 0fng tho shipment OF such portion Of
cotton
that to $4,000 THIS Of does
the
10 foreign oftho Of tho Union; does embrace
that Of tho ght Go derived from the carrying
re.eTport foreign commodities however, the eynoft OF
cotton yielded 10 tho morohinlc shipping
~ 1896 income Of s5OOO thea tho domestic produce
OOOJO those engaged in s and
Transports could not be estimated ess stOOOOOO
SlOpO ava ne ihc proportion OF tho exports foreign articles
IS "a the exports Ut tho Union one-thfd would
an addition OF 900 But the since 1895 of
about ten po THIS would carry national
the sources above indicated to at least s2OOO IL this is
added TO the domestic exports states which cased
q IN OF