Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1832-05-17

ton, the American manufacturer may,
as is believed, bring his merchandise in
to market upon terms Of equality in cost
with the foreigner, il il not doubted that
the ad valorem duty proposed by the bill,
with cash payments, and duty on sales
at auction, will be fully adequate to guard
against the superiority Of foreign capital,
and the fluctuations of trade. II is a
rate of profit in ordinary times not ENJOY
ed by any other branch of industry not
necessarily exposed to greater risk and
vicissitude.
The imposition ofa revenue duty mere
ly, on coarse wool not raised i'm the u
States, and on the cosrser denominations
of cloths, is believed to be concession
due to the south and to the southwestern
portions of the Union, and which may be
made without serious detriment to the
manufacturer.
! Without some concession Of present
advantages from all interests, any scheme
Of adjustment must be considered as
hopeless.
The bill now submitted, proposes to
raise the revenue, with as little inconven-
fence as possible to all parts of the I'm
ion; it designs to leave all the great ma
tional interests adequately protected, 4,
while it lessons the duty on raw mate
rials and articles of necessity. Greater
protection might be given, j. the growth,
both of the raw material and OF the man
uiactures, might be more rapidly encou-
ragged. 1t is believed, however, that by
the scale of duties in the bill, the ad-
vancement and prosperity Of each will be
certainly attained; and it is for those in
terested to consider, whether it be not
wiser and more patriotic to be content
with certain and permanent, though
more gradual process, than by contend
tng for extreme protection to endanger
their own interest, and ultimately dist
the harmony Of the Union.
have the honor to be very respect
fully, Your obedient servant,
LOUIS McLANE,
Secretary of the Treasury.
The Hon. the Speaker.
otHe House of Representatives..
A BILL further altering the dutIes on
Imports, and for other purposes, ac-
companying the Secretary of the
Treasury's Report to the House of
Representatives, of the 9th Of April,
1882.
Sec: /. BE II enacied by the Senate and
House Of Representatives. Of the U. States
" .4'nerica, IN Congress assembled, That
from and after the third day of March,
1888, the act entitled can act in altcra-
ton of the several acts imposing duties
on Imports" approved the 18th of May,
1913, shall be repealed; except so far as
the same may be necessary for the re-
covery and collection Of all duties which
shall have accrued under the said act,
and for the recovery, collection, distrbu-
ton, and remission Of all fines, penalties,
and forfeitures, which may have been in
Cured under the same.
Sec. 9. find be II further enacted, That
in lieu of the duties now imposed by law
on the Importation of articles hereinafter
mentioned, there shall be levied and col
Iected, and paid the following duties, that
is to say.
lst. On wool, manufactured, the
value whereof, at the place of exporta-
ton, shall not exceed ten cts per pound,
five per cent. ad valorem; and when the
value shall exceed ten cents per pound,
twenty per cent. ad valorem; Provided,
that wool imported on the skin shall be
estimated, as to weight and value, as
other wool
Cd. On manufactures Of wool, or Of
which wool is a component part, not 9TH
erwise specified, the value whereof shall
not exceed fifty cents square yard, ten
per cent. ad valorem; on worsted stuff
goods, and wooilcn and worsted yarn,
twenty per cent on mits, gloves, bind
ings, blankets, hosiery, and carpets, and
carpeting, twenty-five per cent. on fan
lures Of wool, or Of which wool is a COM
ponent part, thirty per cent. and on rea-
dy made clothing, fifty per cent.
Sd. On all manufactures of cotton, or
ofwhich cotton shall be component part,
twenty-five per cent ad valorem: Provi-
ded, that all manufactures of cotton, or of
which cotton shall be component part,
not dyed, oolored, printed or stained,
shall be valued at thirty cents per square
yard, and, if dyed, colored, printed or
stained, shall be valued at thrty-fve
cents per square yard; and on nankeens
imported direct from China, twenty per
cent ad valorem.
4th. On all stamped, printed or paint
ed floor cloths, forty three cents per 8 quare
yard; on oil cloth, of all kinds other than
hat usually denominated floor cloth, and
'n floor mating, usually made of flags
and other materials, thirty per cent ad
Il