New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-05-13
Secretary Forwards Report and Bill for
the ISrvisi Of the Tariff.

We have been favored with all early copy oil IL.
Tariff Report and Bill submitted to the House Oh,
Monday by Hon. WALTER Forward. SccrctaI,
oi the Treasury. IN answer TO a requsilion OF TIA"
Committee of Ways aud Means. The Report :
desultory but able. and will prove most saisiac-
tory to the grca, Producing Interests of the Union
1t estimates the Annual Expe of the Govern
men, during each Of the next three year, for Ma
riopal Defence and all ordinary purposes AT $2i,-
i2i 1873 %, to which is to be added apart 800.
900 for Indian annuitos, Debts of the Cities in
the District of Columbia, 3 and'j per cent. fund,
due certain States, &c. and further sum of
about $500, 900 to lcfray the interest and eNin-
Cuish the principal of our Public Debt. This r.
quircs an aggregate Of 800 242 953 IS in the three
years. or nearly s33, 900 900 per annum; to meet
which, even with the restoration Of the Land Pro-
ceeds to tho Treasury, ESTIMATED at 100000
for the three years, will require decided increase
of our rart Of Duties. The duiiable importation,
for the ensuing year estimated at S93, 8l7 $50
estimated to Weld, under the Secretary proposed
Taria. an aggregate of go ,6O3, 335 from which
must be deducted for Draw backs. Bountcs EN-
pensc, of Collection, Sc. =. l60, 600; lesyin.
net Revenue of ~ 1885 p. BY TIN. meas
the whole existing debt j, to be paid of in three
wears after which the Duties are to cease on Ten.
Coffee. &c. Such i an outline of the Secretary.
Plan of Finance.
Mr.. Forward takes frank and decided ground il
favor of Protecting Americas Labor. A. a naturl.
and proper incident OF any system OF Revenue Du-
ties. lie insists that the Home Production ct
those great and necessary staples. Wool. Cotton
Iron, Hemp and Leather, should especially be
deemed objects of steady National soci,ude o.
the general subject of Protective Duties he saw.
"Wuh regard to the influence OF duties upon
prices Ia oar home market, not necessary To say
much at this time. The subject was briefly Coz
sidercd in my report on the finances IN Deccmber
last, aud | vail onl, Add, in this place. that tbs
additional cost. 1t any TO the consumer of i'm
ported articles or those Of like description pro-
duced at home arising from the imposition OF da-
ines, is not the ,ia.e point bc regarded in de-
tcrmlnmg whether Or not such dutlcS are to be
treated as positive uncom pensated burden. w
tn look much farther and ascertain their effect
IN extending the home market of our agriculture.
products ana their influence upon the value ,d
land and o. labor OF all descriptions In such "a
survey It will be iound that the benefit thus acorn,
ing will be enhanced Oh, of all proportion 10 ,he
increase, ii any. in the cost Of duiiabe articles
while the yearly produce ct the country, or. which
is the same thing, the YEARLY earnings OF the PEG.
pie are thus materially enlarged: all this being
but the natural consequence of the great truth.
that labor AMI industry arr the true of ma
ti,na wealth and prosperity and OF another Truth.
plainly resulting from the hr,s, that the earning
of labor and industry ate much in proportion to
the degree of encouragement they receive, and 10
the variety OF employment which may b. offered
10 their pursuits.
Mr.. Forward thinks that uniform system al
Home Valuation will b. found impracticable. ard
recommends some departures from it. He sug.
gests that ;he Government should retain the pIi'i-
logc of taking imported goods by paving costs and
charges, and ten per cent advance. The princ-
pie Of Cash Duties he firmly adhercs TO- addscing
ample and coscnt reasons therefor He does not
regard with favor the proi.ct OF general War-
housing system. The cNpcdcncy Of allowing
Drawback on American Manufactures from for