Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-09-07

greater errors than those which have been Iaid
TO their charge, il would certainly have been
much more easily accounted for than The mis-
take lately committed by the Treasury itself Of
near one million and a hdif Of dollars IN the es-
timated amount OF reduction Oh the single ar
ficieS Of cotfOnS-or that committed ny Col
Drayton himself, To the amount oil three millions
which we have just pointed "ut In IN kiug es-
iniateS {. this ratrre, il Il impossible To obtain
any other data Tor our calculations than the off
cial statements Of the Trcasuryi an'i these am
sorry to say have been so contradictory as To
furnish bot feeble lights TO guide US through the
| lnbS riuth of complicated calculations. best,
the> statements have, SO fat, proved but blind
guides-ofIen contradictory anu irroroncilable
with each other. Mistake after mistake has
been painted out, and error after error detected.
| Five different reports have been submitted Ia
| Congress in reference 10 the 'imated amount
Of rciuc ion on the protected aud unprotected
! ar ices under the various Bills thar have been
before that nody, aud by umiug the nat
enue as he basis of the calculation in one ca> 0,
and the grcsSrevenuc IN tn othcri III one ,e
taking The fiscal, and another the calender year
Including the drawbacks III one statement, ~ nd
excluding them in nDo,her-sO great a vara
lion has beon produced in the results, that in one
instance the amount of the reduc, ion under
Dickerson'S and McI.ane's Bills on the uery same
articles 20 BE- made free under both Bits, is ro
por ed ." be 81 i6S,u:W under tho former, anI
~
| make this statement with no view Of casting
any imputarions mpon the Jisting gentle
man nj the head Of The Treasury Department, or
inpcachins the fidelity of his agents. | stat.
heSe Jac!6 merely Tor The purpose of shelving
why II IS. that aIn not even now disposed TO
roly very implicitly on the accuracy even oi the
new Treasury Statement, which Col. Dray,on
assumes as conclusive OIL all the points in dis
Pu'e. Without going into minute calculations
on tho subject. will here take up the state
tnents snlniued by Col. ID. himself, and prope
from ms omn sh e,oing that the former estimated
rcd"c ION on the protected articles has hereto
fore been gr ssly exaggerated. " i'll offer 10 the
public the data whrh will onahlo every man to
calculate for himself whether 'the burthen of
the protecting system has been Increased or
diminished, and to what extent under the Bill
Leti here lie borne in mind. that the public
have heretofore been M de tn believe, that a
re,inct on had actually b, GU effect q SI2 OOO-
OoO, OF which upwards Of $1,000 000 were on
The protected articles : 1t is nov admitted how.
ever hy Col. dayton on the authority of the
new Treasury statement that there will he n re-
ductiou of Only 81 SOS, u56 Of the amount Of ,lu
ties on protected articles, and in the whole of
So,lST OIS without making on the former any
deduction Tor the 'cnsh duties. diminished cred
8, or change in the pound stering.' Col. ID.
has in n note calculated the amount Of those a.
S|50949, which being deducted from the 81 =
ooo,u56, leaves reduction OF projected articles
OF LOG lO7, and il this amount be d. Quoted
from the aggregate reduction as stated by
Co'. Drayton, IL will make the reduction on the
unpro' ected articles uuder the new Bill in round
numbers about Sl 900, 0OO while il will he seen
that on the protected articles il is but little
more than one million. But on looking at the
data assumed by Col Drayton az the basis of
his Calculation, il will he sect that while IN sta
ting the aggregate reduction at s. lS7. 07S, he
has taken The nett revenue (afer Ieduciing draw
backs and expenses OF coisriinn) in arriving AT
the amount of reduction on tho protected arti-
clss lie has made his calculations on the gross
revenue tviz. on SIS, l26 $50, ins,e al of Sl2,-
lOl 5G7.) Now il is very clear that the SAM
data must lie assumed 10 both cases, and it I've
ing equally clear that drawbacks (heing the a.
mount OF duties restored tn the importer
goods that do not cuier into the consumption of
me country constitute 10 part al the public
burdens, tie nett reyevue Is The only true basis
ct our calculations. Leaving on" The expenses
of 90 lection and dedurring The assurned ant
of the Drawbacks on the former and present iu-
ties on the protected articles (acrording To Col.
Drny ton s estimate of these durcs) would reduce
the amount of the estimated reduction on the
projected articles by S200.OOn. This raIcu aiicn
has been carefully made by more skilful accom-
ian's than myself. Tie result shcws that $780,.
300 mist lie deducted for drawbacks if the re-
uction on the protected articles Is To Inc estuat-
ed OH the nett revenue as the aggregate Ieduc
iion has been, and the amount OF r, ductiOn on
the protected articles, is lIus brought dswn TO
50 sos, JOY. 1t appears aso thui lhtre is error
OF S32.362 being mistake III cal, 'ula;img the
difference on the pound sterling on Sil 5lI, 657
at 81 ,075, l60, instead ot II, l6I, l7!. the duties
upon which lat 37s rs sIated) is I36,e90, which
will make further reduction of 3d., 1862 ncces
sary. dgain, Col. Dray ton has made allow
ance for The increased dairy on cotton Tagging
or rather on HesSi0ns usei ior that purpose, on
which articles under the provision of the new
Bill there will be an aggregate increase of duty
according to the statement of mercantile men,
estimated at S32 ,9S0.F Again, Col. ID nyton has
made no allowance for the increase Of duty OF
various articles of iron manufactures, under the
lO;h and l2th clauses Of the 2d section Of the
act, by which it is provided. in substance. that
ali manufactures OF irou now paying al valorem
duties Cf % 80 per ceut, shall pay specific du
ties, varying from , tn cents per h. if the latter
shall III any case anOuntto more than The former.
immediately or these amendments being proposed
to tie law. | received memorial Il ainst it from
experienced persons in PhlnLelpha rcpr cseutiug
that these new duties would amount To an enor-
nous increase on hardware, in some cases car
rkIng up the duty To upwards of 300 per cent aud
" that The acreage incTtdSe coarse articles Uoutd
mol be less than l25 TO l5G PR cent. In tie let
ter which accompanied mat memorial it was
-tach " that If The Senate should pass the Bill
from he House IL is, il would be impossible TO
collect The duty on hardware without breaking
every caSk that there are many articles which
would require cutting apart, To ascertain by
" eight which is the article of greatest value, and
though Tie writer was unable To say what the in
rreHse ri the duty would be- vet il icouid not GnH
short Of S5O0,O0O and would probably amount
10 Beariy milliou.' ! have since cons uted
merchants IN This city extensively engaged in Tie
importation Of Hardware, aud they concur n
IL, "A