The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-05-06
$4,000 90
,644,s33 50

| nne, will show the aggregate loss
thus far 10 be l,704,3 SO
| Yet, even this is not all the loss sustained by
the people in this operation. For, it is to be OBJ
served, that the above named $3.50 600, which il
taken out the $4,000 900 distributed, does not
go into the Treasury, and therefore does not d.
minish the amount of taxes necessary TO replace
the three millions. This one hundred and fifty
thousand dollars is, therefore, in effect loss to
double that amount, and being added rs such 10
the aggregate loss above stated, will make that ng-
gregate one million nine hundred and lor,y-four
thousand three hundred and thirty three dollars and
thirty three cents. These facts have stated as
briefly and as plainly as could in this form. But
as they are facts Of such vital importance TO the
people, and as it is my desire that they should be-
fully understood, by every citizen, will, with
view of making them yet more plain, restae them
in another lornl--n the form of an accoun, be-
tween the people and the Government-as thus:
The Government 10 the People DIR.
FIRST. 10 melt revenue paid into the
Treasury to supply the place of
that distributed $4,000 900, 0U
Second. To amount paid TO Gov
eminent officers and agents for
collecting revenue 800, 900 90
Third. To interest and profits paid
TO merchants in the process of col
Letting the above revenue l,344,333 SO
Fourth. To amount paid public Off
GERS and agents for and in the pro-
cess of distributing three millions to
the States, and which is to be sub
sruc,cd from that sum l5O, 900 90
Total $l,79s'3sa 80
The People 10 the Government, DR..
To money distributed from the pub
lie Treasury to the States for the
use Of the people 2,s59,OOO o0
Accounts balanced by substracting
the last from the preceding sum.
Result Sl,9ii,3S3 SO
Here then is the great aggregate loss which the
people sustain in this operation, and for which
neither they nor their Government get one dollar in
returnFor it TO be remembered that by the act Of
distribution on the one hand and that Of taxation
on the other, to replace the sum distributed, the
public Treasury is to be left with exactly the same
amount in it which it would hive contained had
neither the distribution been made nor the tax or
duty imposed
Again, sir, it will be observed, that in estiina-
ting tho loss sustained by The people in Consequence
Of this tariff duty, have selected as the object
hiatt duty IAN article (coee) which does not come in
competition in the market with any like article
produced by American soil or labor. Bu' sir, by
Toes so come in competition with our own manu-
actures, the loss TO the great body of the people
will, as shall show, be yet greater by far.
To make this plain, | will take single article,
as before. will suppose farmer 10 buy for his
own use six wards of broad cloth a year of tho
same quality and Of the same price, vii suppose
that price to be at this time, five dollars per yard
the six yards costing him therefore thirty dollars
will suppose one yard Of this cloth to be of for
eign: manufacture, imported into this co untry, and
the other five TO be manufactured in the United
States. will suppose that the Government, in
order to raise revenue, imposes, for the future,
tariff duty on one dollar on the yard of foreign
cloth, which dollar now entering into and making
one sixth part of the price Of that yard Of cloth,
makes that price, Of course, six dollars. Now,
sir, one of these two things must certainly happen
either this yard of cloth pil sell. at this increased
price of six dollals, because the necessities of tho
farmer will compel him to buy it, or it will not
sell, because the farmer cannot afford to buy. it If
it will not sell at this increased price, then it is
manifest that the Government will not get this ad-
donal dollar Of tariff duty, and therefore get no
revenue But f this yard of cloth iciN sell at six
dollars, so will the other fire yards, being Of the
same quality, sell at six dollars per yard, for the
same reason, and for the same reason too, the A.
mercan manufacturer of FIVE yards will ask six
dollars per yard for it. and the farmer have 10 pay
that for it-that is TO say, the farmer will have TO
give for the six yards instead Of thirty dollars, as
before the tariff duty was imposed thirty six dol
lars together with the merchants interest," and profit
upon the six dollars which has been by the Oper-
aon of this tariff duty added to the cost of the
cloth to him before he sells i, to the farmer. This
interest and profit amounts together as l have
shown in the case Of tke coffee, 10 at least thirty
nine and third per cent the interest being six and
the profit thrty-three and third per cent.-And
these added TO the six dollars will make eight dol
lars and thirty six cenls-the amount the farmer
is compelled TO pay for the six yards Of cloth over
and above wha, he did pay for the same quality
and quantity Of cloth, before the tax or duty was
imposed. OF this eight dollars and ,hirty.six cents.
the Government gets Lu, the one dollar which it
imposed as duty on the yard Of foreign, and ont
Of that dollar, as was shown in the case Of the
Coffee ten cents goes to its officers and agents for
collection, leaving in the Treasury but ninety cents
of nett revenue. If then to get ninety cents Of rev.
cnue the Government has to impose burdens on the
people to the amount Of eight dollars aud Thirty
six cents what burdens must it impose to get three
millions ofnett revenue !!
Upon this particular point | will say nothing
more, than to read extract from one Of the mo-
ney articles of the New York Herald But can
not do this, without remarking, in justice TO the
author of those articles, that for year two past,
they have, in the general, displayed a very un-
common industry and ability, and greatly aided in
displaying error and exposing the frauds and cor
ruption with which the country has been so long
afflicted, through corporations. its currency, its
stockjobers and paper mongers.
The article proceeds:
"There are IN the IT, States 5000 900 OF active
people employed in the different pursuits, accor-
ding TO the late census. OF these, 10 per cent or
5000 are employed in manufacturers Of all de-
scrip,ions. These people want the remaining L.
100000 10 pay additional taxes fyr their exclusive
benef,--cr, in other words, they wish to comy-d
them TO buy only of the manufactures in this roun-
try. BY turning to the CELSIUS table, we get the