Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-03-25

reign Countries. The mighty empire Of the Bra
| Eils affords an immense field for the enterprise Of
this country. She already buys slSOO0ooO Of
English cotton goods annually, which might be
turnished from this country, nlhe intet course was
properly managed. AS il is we are now without a
commercial treaty with that empire. We will
shortly reeur TO this subject"
We lose but little in our general commercial re-.
ations with France, and what is lost by the diile.
renee IN her favor. il there be any, on imports and
exports, is more than made up by the profit in our
lavcr on navigation. VIII the ship owners and
navigation interest go for this war OF retaliation on
| France Why this war on France, our ancient
ally and beneiactrcss-a nation which has i'm good
iaith settled with us and paid every claim either
upon her justice or her generosity Is il the old
| war upon the 'res tcaisteodis 30 How came
these wines and silks frce7 Was il our fault, or
The iaut OF an a-grosping protective party, whose
interest was to make all Injuries Free in order to
raise oil the revenue from protected artices7 And
now, since Southern commerce has found articles of
France TO exchange for Southern products of cotton
anu tobacco since the exchange of these for silks
and wines has become profitable to us, are we
again to haveo tax laid rs directly upon our pro.
oucuon as has heretofore been laid upon our con-
SUMPTION That, Sir, will be the effect inc vitality
oil a tax upon wines and sks-of a war of coun.
teTvaing duties upon France. Separated rs France
is now from the Holy Alliance, weakened and
threatened us she hes been lately by the other
great European Powers, would sooner. Sir COM
menee war upon any other nation than upon her.
one needs, especially ut this time, the countenance
o: that country which owes its independence and
national existence TO her generous aid and ALL
| once. So much for counteIy,ilio, duties NJ, H.,
! res.
But gentlemen say there lisa deficiency in reye.
nue.! Admit 1t. Gentlemen say themselves that
they cannot meet the present emergency w th loan
much less with a tariff. lfthoy cannot wait thirty
days Tor the advertisement for loan, do thew eI.
Peet less time to put tariff in operation, when
there Is no part Of our foreign trade which does no,
require as the shortest possible period TO meet new
anu increased duties imports, a notice of from,
SIXTY to ninety daysl This tariff on Injuries now
Tree cannot possibly mean, then, TO provide for the
present deficiency. No, Sir il must be intended
Tor the fuinre-for more than sixty or ninety DAYS
or year TO come The object is not to Law tariff
now; all these movements now are mere advanced
guards oil the policy hereafter-they are mere fee
lers and pioneers for the present. There is time
enough hereafter, gentlemen, therefore, to consider
your schemes TO increase the tariff. "Sufcient nm
to the day is the evil thereof"
But gentlemen say, Also that there will be a
arse reduction alter December in this year and
alter June IN 1912. What says the Secretary Of
the treasury See his report already referred to,
pages and 3: W.
tits believed that the reduction in the duties on
imports which by the existing tariff will take Mace
in the yeaplsI2, cannot vary much from five mil.
onS OF dollars For reasons assigned in the last
Two annual reports the finances the expectations
oil the Undersigned are, that If the expenditures are
properly anc seasonably diminished, It will not be
necessary 10 raise all this amount by taxation in any
FORM" A"'
Now, what does this reduction meant Do GEN.
tlemen, does the Secretary, mean TO say that n re-
duetion OF duties hve millions is u reduction of rev.
enue 10 that amount If they DO answer that RI.
one does not follow the other of cours. moi b,, 49,,
means. reduction OF duty is more FREQUENTLY ,bs
cause OF increase than Of dimnuton of revenue A
reduction OF duties is most likely to cause an increase
VI u"PotnuohS' medium duty on imports is the
To
duty so heavy as 10 amount TO prehibiron nod.
ces no more revenue than free article a IT,,
next TO prohibition produces no more revenue ill.,
a nominal or very small duty. That duty which
IS medium between prohibition and FREE dn,,,
is the most productive OF revenue aud twenty
per cent on most articles, with a home voIu,,io1
anu Government appTisemenl equal 10 fifteen ner
cent. more, will be still above a fair medium dpy
on our imports. | doubt, therefore whether on ar
tcleS now taxed above twenty per cent there u;I
be any reduction of revenue though tbere Lo =, 90,
SIDERABLE reduction of duty, after December and
June next. At all events, the amour, NJ dr,iahI
imports will not be less than seventy FIVE or eigb,,
l'Iohs' yieIolnS at least fifteen or sixteen milIionl
OF revenue, with twenty per cent ad palor.m dn,y,
besides the amount of revenue from nuhI;c Iany'
and other sources. So that there will he in al
probability, revenue of at least twen,v n,;IIoa.
OF DOLLARS And is that sum not sufficient for the
Government ''e
From what cause does this deficiency Of rsvsru.
arlsei What have we Wings been attribu,;ng -
It's causes' Does it proceed from an inbe,ent a.,
Iect IN me sources OF revenue, or from casual OH
suuctions 10 our reSourcesl Is II a nern,a,oo,
or temporary deficiency The eentlenan 60
Name lMr EvanS) asked what a psrmanen, as
cheney isf Sir. II Is capable ofde6niton and easiI
ulsuhsuishaole from temporary deficiency. ana
upon lhls distinction the application of the compro
nus. muse act IN measure depends. A permanent de-
ncIency Is one which must continue from I,Ct
the revenue laws and in the sources of rsven,e. a.
Wness nd dSiy AZ laid 90 high
10" us 10 produce no customs, thoush niII;ons 20
imports are entered, or where lands ore soid =;
sIon way oy 10" as TO bring no price, But =, t.y.
tnJ IeHSiehcy Is one which can continue M |
longer lhan distractions TO the oner,tion .,
avs are removed; as where the du,i.o 49,, ", !
,u eAec'iy proporuoned 10 produce revenna
causes prevent or IntsrTupt tr,Js
amG ulmIhish Importauons, where the dutv
Is hlgh enough and not too high but no io,.o-,ty
entered on which to receive duties o,;.i are
por1rY distractions Of commerce. And ,b;s I,, |
case is precisely our case. We hive no, boro,asS
no wings have heretofore-neyer befors IL
ee'to"I complained OF any defect in the Laws. L,
We nave loudly complained and with tri,,nbtS.
euect OF the war Of this Adminisr,,io, 90 - P'.''
Ie"I!' On cTeult at home and abroad on conn,ar. |
on banks, and on State debts; Of the evns"
t'is administration causing excessive snecnI,,;o.
;9 ,Cle's ueo', eTiraVagance at home imn,enes
hIPortatons Tor few years, and perfact ~ -; !
Per'auons now. The fluctuations nj 80 L in- |
EI" immense, and OF currency more eno,rno',
sun. The foreign debt two years AGO WINS ooa ~,
IONS and It can hardly have been reJnced o. mi
Iohs' u rNduced al all since. These and ,H,,a.. !
ganSe' ana dedication, and political elec,ioneor;r
III lhe oinces OF Government are the causcs ~ ,ns
present deficiency IN the revenue. The ro,c of M
YES defects IN the tariff laws, are no more The ou-
% ths deficiency Than any alleged defec,s =; .I
avs Organizing the Treasury Deportmsn, ~. .ne
'he causes OF the dedication Of Son',si go, meLe
"out! heretofore the Administration - T aI'-
charging every evil and loss and er,n- ., go, zen
ect' OF laws and we have been defendio '.'T ue
ana charging every thing to their flibIsss 80 "
Z uP' ana Negligent execution nj the Al 81;
Tene"hs all SAID before the election I bel;o, or,
say now, and will not change NV lone ,v,h "..
Ihahse OF fortune. Out Of power and in no,w.. "T
uecIate mat II IS owing TO no defect in inc
that VIC nave not revenue enougbt IN n,,, 49,.
IeOt we owe and to have large surnlne ..IJ
~ I91' Inc Imporntions we're excessive ,j 49,
mous-the foreign debt was increased 40 - e'Ioi
VIC country so oVerslocked with goods ,b,, is, %
he importauons had 10 fall enorrnorsI, -,' '"r
.ne IGrelgn DEBT was paid, the country u ro, 49,
tn l uefnahd Tor goods IS great and grox;ng ~.
oruef' are cent out for goods to suppv Tho ,, .ai
many goods are shipped to us by foreign ns.nu,.
on theif own account, the mportations mus, c,"
again' anj, with the restoration OF con6denco aH
he ne eIe1lt ana currency tho revenue must