Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-06-06

I The great difficulty, however, which Iresen,ed If
self was to try the experiment fairly
Both conceived that, IA doing very large re-
ducton o. the duty would be iudispensably neeessa-
That the taking off six pence, or even one shilling.
from the existing dny OF three shillings, they be
leved would d. little Ia increase the consumption
Of dufy- pad tobacco. whilst its effects would be 10
diminish greatly tie revenue. They admitted thai
To nut down smuggling aud sduiteration, aud bring
the article into consumption by those classes who
could not nov Afford TO purchase, would be highly
important and beneficial, but, to DO this IT would be
necessary 10 lower The duty to shilling aud ar
Pence at icod, pf baby one shilling. That tbs
would involve too large an amount OF revenue. Tor
the first year, probably million and hall or two
millions OF pounds sterling; for The second, perhaps a
million, aud for some years to come a very conside-
rabie sum, reckoning the return, IN the first IN
stance, uron stock hand. which must be very con
siderable, aud large portion OF which would proba-
bly-na,. ceuainly-hasc paid no duty.
That whilst, therefore. increased consumption
might certninly follow, itwould not be Immediately
| nor in the same proportion wuh the amount OF te-
venue sacrificed; and consequently, II The reduced
duty realized only hall OF The existing revenue
now amounting to e. 100000, the remaining hall Of
Il 500 coo would be put at hazard and that ii
wouH moreover, take some tine to double the con
SUMMON % tie United Kingdom. WIN tie SIN
cercst desire ihe'el re, 10 see the experiment tried
and with sanenioe yiees OF its ultimate success, they
were fore ed loeonfess that, undtr cNistng cfcuh-
STANCES, II WAS al tins time ih}pfacflca0le'
They Admitted lhat, with an oyeiliJw'"G IeashIy'
there was no duty of customs in V tIch hti Majesty
Government would be much disposed to nlahe IL
experiment as that tobacco. Such, however was
not the condition Of the Treasury at this time. In
relation to all my views to the extent OF the bene
Gts.which would result from tie reduction oil the
duty connected with the consumption and the eX
tension Of the trade, they did not entirely concur
They thought II night well be doubted whether the
reduc tion Of the duly would increase the consump
ton or extend the trade IN the and 10 the
extent supposed II sad that the tobacco still
came from the United States, and however much tie
trade of smuggling be regretted, it stlll
trade. They, moreover, thought that the actual
,umptioH, al the present timc was greater than
was generally supposed or ayowed. They, however,
admitted that, II this all so, 1t furnished valid
defence OF the present system.
Both therefore, coueurred in opinion that the eX-
pertinent OF reducing the present high duty was very
desirable well IN relation TO The interests OF the I'M
/ ted States as those Of Great Britain.
They said thes wished they could entertain the
hope that would be in The power Of their Govern
ment to do ii aan early daybu of this they could give
no assurance; they beggedmc, however to be sails
fed that, If II was possible, ihey wonld be as ready
and wiling as We could be to make the experiment;
bu lhdt as this not the case, 1t WAS to be hoped
that our Government would unllc with that Of her
Majesty in waiting patiently untl existing impedl-
ments TO change could be removed, aud the expert
meat fairly made. The Chancellor of the EXchequer
my last Interview, cmphaticay assured me that lie
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the deepest respect ard affection.
These we,e he GENERAL views and cvpranations
which vcra oiyr, IL, ,ese gentlemen In, de- r1in, Ia
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| P,csidenI