Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-09-07

gcrated. will offer 10 the public the data which will
enable every to calculate for himself whether "he
burhen of the projecting system" has been increased or
diminished, aud 10 what extent under the Bill.
Let ii be borne in mind that the public have
been made believe that reduction had actually been
effected o Sl2 900 0O0 OF which upwards of 80 600 600
the protected articles 1t is now admitted how
by Colonel Daytonon the authority of the new Trea
sury statement, that there will be reduction of only
81 500 056 of the amount OF duties protected articles
and in tue whole OF only 07S without making on
the former any deduction for the "cash duties, diminished
credits change in the pound sterling" Col d. has in
note calculated the amount of these at 7599i9 which
being deduc ted from the ST 500 056 leaves reduction ON
protected articles OF $l,l09O7, and il this amount be de-
Quoted from the aggregate reduction stated by Col d.
will make the reduction the articles nm
der the new Bill in round numbers about $4,000 OOO
while it will be that the protected articles il is
but little than million But looking at the
date assumed by Colonel Drayton as the basis of his
calculation. it will be seen that while i'm stating the
aggregate reduction at $o,lS7O1S, he has taken the
nett CATER dcduciug drawbacks aud expenses
OF colecton) in arriving at the amount of reduction
protected articles he has made his calculations the
revenue wiz. $l5l26,959, instead of 81, lOI 567
Now is very clear that the data be assumed
in both and it being equally clear that drawbacks
(being the of duties restored the importer ON
goods that do into the consumption of the counry
constitute part OF the public burdens the revenue
is the only basis of calculations Leaving out
the expenses of collection and deducng the assumed
amount OF the Drawbacks the former and present du
ties on the protected articles according 10 Col Dray tons
estimate Of these dues) would reduce the amount the
esuma,ed reduction on The protected articles by about
$2OoOOO This calculation has been carefully made by
skltu accountants than myself The result shews
that S2OOOO0 must be deducted for drawbacks il the
ducton on the protected articles be estimated the
nett revenue as " the aggregate reduction has been and
the amount oil reduction the protected articles is
thus brought 5000 10Y Ii appears also that there
Is an error OF S32362, being mistake in calculating the
difference on the pound sterling 657 O75
l6o, instead of Sll6l,172 the duties upon which Cat
81 90 as stately is $780, which will make further
reduction of 1872 1862 necessary. Again. Col Drayton has
made no allowance for the increased duty on cotton bag
ging, or rather Hessidns used for that purpose on
which articles under the provisions of the new Bill
there will be aggregate increase of according
TO the statement OF mercantile men, estimated at S32
9S9 dSdtn; Col. Drayton has made allowance
Tor the increase Of duty various articles of iron
mdnWacth"es, under the 10th and 18th clauses of the
I'd section of the act, by which was provided in sb
stance, that all manufactures of iron paying ad valo
rem duties Of 25 80 per cent, shall pay specific duties
varying from 10 cents per TO- if the latter shall in any
case amount TO more than the orner.-Immediately on
these amendments being proposed TO the law, received
memorial against from experienced persons in Phila
delpha, representing that these duties would amount
TO an enormous increase on hardware, in
ying up the duty TO upwards OF 800 per "that
me acreage increase on articles toould
less than l25 TO $50 per cent the letter which ac
comPanied that memorial stated "that if the Senate
should pass the Bill from the House is it would be
impossible 10 collect the duty hardware without break
Ing every cask; that there many articles which would
require cutting apart, TO ascertain by weight which the
article of greatest value and though the writer was
BILE to what the increase of the duty would be- vet il
,coud not fall short of 100000 and would probably
amount TO nearly million" 1 have since consulted
merchants in this city extensively engaged the mpora-
ton OF Hardware, and they concur in opinion that would
h very low estimate To set down the increase of
] uuty on thOse ARTICLES at S2OO,OOO Again: the
Treasury estimate OF the reduction of the duty on
wooLLENs (Which Col Drayton has adoped) il is
taken for granted that the whole of negro cloths
and Kendall coons consumed in the Southern States will
cost, all charges included less than cents and will
therefore pay only s. instead OF per cent DUTY NV in
formation on this head is very different. assured,
hat according TO present prices, very little if be
brought in under this low duty Taking the proportions
imported into this place last year, when prices were
unusually low near onethird part of the importations
would come under the so per cent duty and this
reuu ON clio horCe Ss nor
win which have been furnished by OF the most re-
spectacle and intelligent importers Of this city, is asserted
ha here Is the fullest assurance derived from the latest
intefhScnceJrom England that woolens possibly
be procured there at such low price as will with the
charges added not exceed 80 12 to that the 80
cents minimum Is reduced by the valuation of the
pound serling Making the estimate this basis il an.
pears from his statement (Which is annexed) that o.,
Uootien cloths there is actual increase of duties TO tbe
amount of $S7002 instead of reduction of 3O5 ac-
cordng TO the Treasury Statement making an Ouer esti-
mate Of 2l6,3O7 OH this single aricle.t
But Col Drayton thinks that should this prove 10 he
the case the law will be altered the South
fmy colleague shall make that proposition appre
bend some woolen manufactures in Congress- will wills
per IN ms ear that the Limitation price was inserted
Tor the protection OF the domestic manufacturers and there
fore cannot be abandoned think have also discovered
one or two other in this Treasury Statement
which need correction. The duty ttcst yam and
thread remains under the law the same as before
and yet set down in the statement that there is
reduction on these articles of 2I $685. the duty on
sewing silk has been increased by So 900 of wbcy
no notice has been taken The same thing, as | aIn VI
ken place with regard 10 the articles called satfines
hnseys-arcles made of cotton and WOOL consuuI 10
some extent at the South, and the consumption CON ty
and rapidly increasing. These articles under the law
paid duty OF III cents the square yard but not lomng
under the new duty OF per cent, which expr6y con-
hned to "plains, kerseys and Kendall cotoDsf whlcf
tooot shall be the only MATERIAL" will have toay duB
oil oO per c being as told increase oOout 10 er
CT on the former rate ofduty. have bSn iurnned
however, with any estimate OF the amount In es1iung
the amount OF the public burdens under be IarI me
cash duties have in general been put doVnat p cent
ercantle men have estimated il at 10 per ce. DIT 'e
least have taken some pains both at WashSon ana
here, to ascertain the probable value the adj de-
rived by the merchant from having standD credit with
the Government for average period of mOhts IN
stead OF being compelled pay the amour me uutes
in cash, and ind the general opinion bhd' Is equal
at the very lowest, to from 10 TO IL per CT, OH e duty
1t is not true, that loans to any amour 9queu' can al
ways be obtained wherever wanted-gI nave Stale
ment now before me, made out by P'Cahue gentleman
tween cash and credit duties the porting merchant es
mated only two voyages in IL year. with profit of
10 per cent, and the result is vantage equal to near
ly double the Terest OF the moy on e phote capital
employed. Jbe cash duties q diminished credits must
greatly diminish the commeia capital oil the country,
lessen the credits exee9 10 retailers and conceD-
trae the business in the has OF few large capitalists
These PEW regulations our trade, impose heavy 'bu
dens upon be people" WIN cannot be estimated in money,
but tbey hive impresscdy mndso strongly that should
have preerred that go cent had been imposed upon
yoolle rather than tat they should have been subjected
to lheayment of ca, dufieS-whch from this example
Ior~ee will soon ,eep into the Tariff i'm relation TO ]
an other goods re object of this regulation was TO adj
the interest of the manufacturers by ho,nDerino
commerce. and fear this is an object that will not ne
very soon rehncished. Now 1 will not enter into anv
calculation 10 SOW what will become Of the balance of