Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1842-07-26
From the Nashville Republican Banner
THE PROVISIONAL REVENU E
BILL, AND THE COMPTON,
ISE pIIJ, OF 1883

DILL, AM III CCA"N
ISE BILL OF 1888 4
We have thought it perhaps both
useful and interesting to our readers
to have spread before them at this juno
ture, copies ofeach OF the bills deslg-
mated in our heading. The provision
Al Revenue Bill rust vetoed by the
President, is as follows:
AN ACT to extend for limited pc
Rod the present laws laying and COL I
lecting duties on imports.
Be it enacted by the Senate and
House Of Representatives. Of the United
States Of Amer1ca, IN Congress assem-
lied, That ali laws in actual operation
on the FIRST Of June, eighteen hundred
and forty two, regulating and fixing
the amount and rate of duties TO be
levied and collected on goods, wares
and merchandise imported into the
United States, and prescribing the
mode of collecting the same, and all
provisions relating thereto, shall con-
iinue and be in force as they existed on
that day until the first day Of August,
eighteen hundred and forty two, at
which time, if there be no further leg
islation in the subject, the laws for lay
ing and collecting duties shall be the
same as though this act had not been
passed: any thing in the act entitled"A
act to modify an act Of the fourteenth
day Of July, one thousand eight hun
and thrty-two, and all other acts impO-
sing duties on imports" approved
March secord, eighteen hundred ard
thirty-three, 20 the contrary, in any
wise notwithstanding: Proridcd, That
the distribution oil the proceeds of the
public lands, authorized and directed
by the act Of Congress passed the 9TH
of September, 1871, entitled can act
10 appropriate the proceeds Of the
sales Of the public lands, and to grant
pre-emption rights" shall be, and the
sane is hereby suspended and post
poned untilthe LIST day Of August 1912;
and the said act Of the 4th September,
154l, to the contrary notwithstanding.
The veto Of this bill throws is back
upon the Compromise act of March 2,
1888, which reduces all duties TO 20
per cent ad valorem on the home raiue
paid in cash. The Compromise bill
is as follows:
AN ACT.
10 modify the Act ofthe 14th July,
one thousand eight hundred and
thrty-two, aud all other Acts impo-
sing duties on imports. Passed
March 2, 1888.
BE 10 enacted Jy the Senate and
House Of Representatives ofthc United
States Of America, IN CongrCss assam
bicd, That from and after the thirty
first day Of December, one thousand
eight hundred and thirty-three, in 1.
cases whore duties are imposed on
foreign imports by the act Of the four
teenth day Of July, one thousand eight
hundred and thirty-two, entitled "An
actto alter and amend the several acts
imposing duties on imports" or by
any other act, shall exceed twenty per
cenuum on the value thereof, one tenth
part Of such excess shall be deducted:
from and after the thrty-frst day OF
December, one thousand eight hu,.-
dred and thirty-fve, another tenth part
thereof shall be deducted; from and at
ter the tLirty-Grst day of December
one thousand eight hundred and thir
ly-seven, another tenth part thereo
shall be deducted; from and after the
:hirty-Grst day Of December, one lEou
sand eight hundred and thirty-nine, an
Cher tenth part thereof shall be dedCc
ted; and from and after the thirty-frs
day Of December, one thousand eigh
hundred and lorty-one, one half of th'
residue ofsuch excess shall be deduc
ted; and from and after tue thirteertl
DAY Of Jyne. one thousand eight hun
bred and lorty-two,t the other half there
Of shall be deducted.
.. Sec. .. And be it further enacted
That so much Of the second section o
the act Of the fourteenth Of July alore
said as fixes the rate of duty on al
hiled and fu'lcd cloth, known by tn,
name Of plains, kerseys, or kenda
cottons, 81 which wool is the only ma
terial, the value whereof does not ex
coed thirty-ive cents a square yard, a
ave per centum al valorem, shall b
and the same is hereby repealed. An
the said articles shall be subject TO Ih
same duty Of fifty per centum, as
provided by the said second sectio
for other manufactures Of wool; whic
duty shall be liable to the same dednC
cons as are prescribed by the Grs
section ofthis act.
Sec. 3. And be it further enacted
Tint unttl the thirteenth day Of Junc
one thousand eight hundred and forty
two, The duties imposed by existir
laws, as modified by this act, shall re
main and continue to be collected
And from and after the day last afore
said, all duties upon imports shall b
collected in ready money, and all cree
ITS now allowed by law, i'm the paymeI