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

Ia he made from the es,itr niod reduction on ne
gro c'' Of S55.03l. But in a statement with
which have been furnished by one of the most
respectable and intelligent importers of this CITY
II Is asserted thar there Is the fullest assurance
d we'd from the latest intelligence from Eng
land, that no wOollens can possibly DO ocure,l
there ut such low price ns will. vi h the chary-
cs added not exceed :23 crnts-for to that the 81
cents miui,nnIn IL reduced nv tie new yalun,iop
Of the pound sterling" Making the estimate M,
this basis, il appears from Lis statement (which
IS annexed, that tcootlen cloths there is nj, NJ
tual Increase of duties Ia the annnnt of SS7 OO2
instead If n reduction OF Sl20 Bus according Ia
I e Tr'asury Statement, making an oper esftmat,
of2l6 By on this single article
But, Col Druytun thinks that Il, iu,d this prov,
10 he the ease. the law will be altered To ncro,n
MEDIATE the South. 1t my colleague shall ever
make that proposition, ! apprrhpnd some wool
len manufacture in Congress, will whisper m his
that the limitation to price was inserted for
the protection OF the domestic manufacturers an,l
hcreforo cannot he abandoned. think have
also discovered one or two other errors in This
uew rroa ury Statement, which need correction
The duty on fwfst, gam and thread remains un-
der tho new law the same IA before, and vet j,
IL SGT down in the statement that there is a re-
!uction these articles Of S2l 500 SO the ,utv
on sewing silk has been increased by nj Ieas,
5000, Of mich no notice has been tuken. The
same thing, as nm Informed by one of our lnrr-
= st lmior ers IN this city, has taken plnc. with
regard to the articles called tinets and hmseus
|--artic'es made uf cotton aud COL, consumed 10
some extent at the South, aud tho cousump-
ton constantly and rapidly iucrcas ng--
| These articles under the old law paid n duty of
IA cents the square yur,l, but not coming under
the new duty Of per cent, which is expressly
confined TO "p,ains kersrys aud kendall cottons
of which toooi shall be the only MATERIAL in have
to pay duty of so per cent, being as am told
an incrense Of about ten per cent on the former
rate OF duty. have not heeu furnished Owever,
with any estimate oil the amount. In estimating
the amount of 4" the public burdens" under the
Tariff, the cash duties have in gcneraiobeen put
down AT per cent. Mercantile men have esti-
mated it at ten percent nj the last. have taken
some pains both n, Washington aud here, to as
Ger ain The prohnhlo value OF the advantage de-
rived hy the merchant from having Il standing
credit with the Government far an average pc
rcd at ten months instead of being compelled to
pay the amount of the duti in cash, md full
the s"ueral opinion Ia he, that il is equal at the
very lowest, to from 10 20 IL per cent on the du-
~. II is not true thar LOANS To any amount re-
quireh. can always he obtained whenever wan
ed--and have II statement now before me, made
out Ivy mercantile gentleman of the hs hest cha
ncter based upon the difference between cash aud
credit duties to the importing merchant, esiiniat-
ed OH only two voyages IN the year, with profit
of ten per cent, and the resul! is an advantage
| equal tn nearly double the interest of the money
on The rchoie capital ,mpioyed The cash duties
and diminished creds-m,ist greatly diminish
the commercial capital OF the ountry, lessen the
credits now extended tn retailers, and concen-
trnte the business in the hands of few large ca
pia lists These new regulations Of our trade.
impose heavy burdens upon the people" which
cannor he estimated in money, hut they have i'm.
pressed my mini so strongly, that l should have
preferred that CD per cent had heen imposed up
on wooil.Ds, rather than thar they should have
been subjected TO the payment of cash dulles
| which, from this example, ] Guresee will soon
creepinto the Tariff. ia relat TO all other gOnds
The object Of this regulation was To advance the
interests Of the manufacru. 10y hampering COM
merEe and fear this is All object that " I'LL not he
very soon reluqushed.
Now will not enter into any calculation to
show what will become of the balance of Col.
Dr"yt"n's estimated reduction Of S909, 10Y, on
the protected articles after the amounts here
stated shall he taken from il. Every one will
see, that according 10 the highest estimate. nor
only HE whole reduction VIII he asSorbei, hut
that there would he a considerable balance the
other way. and according to the lowest, the re
ductIon wi be brought down TO almost nothing
According to my view of the subject, however,
il is perfectly immatcrial WHETHER an iuconsid-
cradle amount, more or less. has been added TO.
or suhractcd !ron, the duties on the protected
articles, when it mauitesty appears from Col
| DraytOn'S own showing, that the duties to the
amount Of three millions OH the UNPROTECTED
of million more tuken off, while the duties on
the protected articles have remained substan-
italy undiminished With these data bofor
them, am quite Wiling to leave the public TO
make the calculations for themselves.
| Ii such on arrangement of the Tariff as this is
IN he regarded as IL compromise which ought to
satisfy the South, then can only say, that have
greatly mistaken the sentiments of nv runstitu
euts, and will add that we have for G.; ght years
past been making most seuseless Glamour TO
40 purpose whatever, for will venture to as
scrt that at any moment during that period, tie
slightest intimalon that such compromise as
The Bill would have been a, all satisfacto-
ny TO us, would have been instantly mot 10y "a
ready and cordial acquieseDce on he part of our
opponents. There never has been an instan, of
/ time, if Mr.. McDufe or any gentleman in the
confidence of the Free TIhde Party had risen in
! his place and proposed To compromise The diff
Guilty 10y such an ad lmstment Of the Tariff as is
contained in tie new Bill, when such PROPOSE
ton would not have been eagerly embraced "A nd
the controversy settled forever. AUD this for
the plninest reason in the world, because il
would have b ell regarded rs a concession emf
nentiy beneficial to The manufacturers, by re-
cogniZing and establishing The principle of pro-
tecfiom, by repeating the duties Tor reuenue, and
leaving almost untouched tho duties imposed for
protection. by leaving The Soub subject 10 its
| burden$, and the North in the enjoy ment of IFS
bounti"s Ivy taking off tie taxes from articles OF
luxury consumed chiefly by the rich, and on
which the duties operated every where aIike,a
throwing the whole burthens of the Government
upon those very articles on which the Tariff
STATES receive in bounty more than they pay in
taxes the very articles too, which the fruits
chiefly of Southern industry, aud which are
brought into competition with the manufactures