Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-07-26


Some gentlemen, since the 'ab! explosion OF Tic
great regulator, adrGucc the doctrine that higt
ra.i:; is indispensable 10 regulate exchanges, and %
repr IS imp9.;aticnS The CXiia1Td.naTy iic:hlv "i
winch the human i,n1 leaps tfom "oe aOSoFu'ty 60
another is Blu, ihat :" grave proposition
as thiS should be- hastily adopted, nag usy e deemed
incompatible w.i the .eneral ae.i rcnce o. tar COM
,nun:,v in which, We I've Asa u.a.ter {: !utu1e sfc-
cula,on 1t opens n vast field for Gcbase hul Wien we
look to the gigantic resources aud 'ndomane ehtfs"s
of this country may be disposed to uou"s '!e cor
rectness of the theory Nho supposed, a!i century
b,ck that cot on vas 10 bs he uas!er staple OF
tins country. WHO tell bat Il! / some other pro-
dncton though uao6sar:ed or insignificant at preSen',
NAV riya! in value that great sai!s N The next iiai
century But di. carJing such sreCu'a'ons, however
much they may he entitled 10 consldeIaiioa we cannot
shut our ewes to tLe fact that the country may be sup
piled with goods either lawfully or unlaw:uiiy las not
the experience of Great Britain proven this Is IL not
notorious that amount otatcies are snug
gled into the United Kingdoms: Can we IL" 10 sup
pose that the same occurrences woeld not &he p'ice
III this country, should you pass ths bi!: IL Is sea ~
the British Parliament that an average OF aDou' 10 per
cent will cover all charges for smuggling most attces,
and even less per cent. will introduce tie ig anu
costly fabrics into that Kingdom Let gentlemen pass
this Tariff imposing an average GUY o nearly ~ per
cent If they wish 10 withdraw commerce from Ms
legitimate chaaues and scduce the trader from Inc
paths .! duty and patriotism Whenever cheap ana
valuable goods exposed Tor sale, IN opposition 70
the same articles ut extravagant rates, lie penpie
VIII hardly stop TO decide whether the former were
received through your custom houses or not loeh
lei your legislation he guided BY the rules oil justice,
paying under all circumstances decent regard 10 me
state of the times, ard the laws viii be respected ana
observed: because they Will then be sustained oy puoc
sentiment Bat If you pursue 4 different course, II
would not be difficult TO show that the country would
be- furnished with goods way or the other and ali
tha, gentlemen can fairly contend Tor Is, that hgh
Tariff might, sometimes, diminish The mpor'a',ons
through the custom houses. As facts are pfeie3a'
be 10 ssecula,ions again call The attention OF tae
committee 10 table setting forth the ct imports
from 1921 ,4l from Doc. No ), OF "a session OF '"e
Goth Congress
EreeSy Of imports ovcr po,ts during each Presidency
from lc2l 10 S.bt 81, ISL
Mir. Monroe 5 2ud term, tfon ISL to 80
US Isa = S' 'N-'''' l7,5s5,22l
General Jacksons Is: term, from le2o
General .Iacksons End term, from 1888
to ls36 1907
$50 '' ~ l3,Os9,a46
Mr. Tylers term, up 10 30ih Sspem- .>,,-
Der, ISL o'''''o0'
Average annual excess of imports over
exports from 1916 TO 1881, period OF
;. I' wears, is Sl5,lo9,o2o
Average annual excess of imports over
. N Isnrs So 2Oo9l,lo5
Average annual excess Of imports over
49, 49,; ~ , 81 4 rc,rs ;s $3.50, $50
We find in this table additional evidence to show Inc
flacy of those specna;ons about The tendency Of me
Tariff to regulate mporiaons; for, curing the period OF
The hahsst Tariff We find the creates, excess oil lmpor
a;ons As he Tariff went dorm, the excess OF impor-
,atons dimaiShed This is remarkable, when We
consider that the greater portion Of the state d,bs'
l,.,, ttftsvl IL sNf n -,.B.
and that they must have had tendency 10 augment
npor:aons Besides, our inflated bank currency vas
then N spring tide and doubt minisiered TO the
mania Tor heavy impor:ations As Exchanges deprHd
so mech Tie operations Of trade generay-the iNc-
tun,ions IN cur, ncy-and The condition OF Govern
nnis it would seem singular for rules regulating only
one department, ot trade 20 De potential and pervad-
inr as 10 accomplish such results, in defiance OF other
disturb mr. which bu: too frequently ds!eagc The
rates OF exchange
10 be- n ARA