The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-06-02

lsnppose. n
Ii prosides q varily Of rates. ! MI
read ih.ir exwsmes. snd shos whsi theif
proposed reductions amount ~. "a ne
cheapest goods i Fednees the rsas per
SQUARE yards from 5 20 Al cents. ard o.
The highest goods Iron IS 10 30 esnn on
a square yard.
We are not without some experience
in providing legal valaaiioa ior sooos.
One Of osr earliest laws far The en-
eoarsgsmenl az The eol.an msnnisclurfr
had inserted in il the value 81 PLAN cot
IONS. The value WAS. 81 The line, We
malksl value. 10 sniy 1--we cents ihesqnafe
yard. II Was called . minimum sslDa
lion, and 10 these respects differed from
the sslusiion contemplated in The com
promise, because il valued only suehgoods
as cost that price aud under. aud inpos-
ed higher duty on oil which cost more
Than The declsrrd value. Bot there can De
no ohieeiisn 10 he declaring what 70 The
actual value OF an srllele. and specifying
in law, thai il shall be 20 valued, and The
general rate Of duties levied upon i. No
difficulty Will be found in providing how
and 81 what periods, such ,aios shall be
revised and corrected. II The market value
shall have chsnged; until u 10 so altered,
The duties aill continue IS when The va
lne is sseesisined and inseIied IN be
law.
Il believe that three faurIhs OF the i'm
ports in amount can be 80 valued with
fairness and convenience. There can De
no difficulty in iskirg The average Of col
Inn Tor The last year; 81 New York, iof
instance. suppose Il was ten cents per
pound. then saw. in The bill, that cotton
should be be valued Il len cents Ter
pound. and charged with duties upon
that value. The duties would then be
uniform. Tor this would be The value on
which The duty would be assessed in all
The ports of The country.
So with foreign coal; the value has
been shout eight dollars for rhaidron.
We ran certainly SAY. in the law, that
inteien coal shall be valued al eight dol
lars she chaltron. t36 bushels. and eharR-
ed with duties accordingly. THIS. al 25
per cent. would give = duty Of 100 dol
lars per chaldron. in ell potts in the eoun-
Try. So We could say of PIG iron, that
IL shall be valued al thirty dcllsrs per ton.
which. 81 The same rate 81 duty. would be
seven and half dnllsrs-sbnui ten cents
per ton more Than il has paid Tor The lac,
iwo years. We can value sugsr II whs,
that has brought The Las, year. say ., 9 or
cents per pound; and a, 25 per een,. il
would give duty Of Il 10 Il cents per
pound.
II msy be said that this is The same IS
fixing specific duties; ifso, il will no, be
objected TO BY those who Ike specific du-
lies. AZ 70 those who prefer that dUilts
should be levied according 70 value. they
must be satisfied IL we can get fair mar
kel value. and there can be no difficulty
IN ihis. 10 almost al cases. al least three
fourlhs.
lfany object 10 il. The presumption will
be indeed very strong that lhose who do
so object must wish 10 dtllaDd Tie Co
vernmeni, and thai they would adhere to
the foreign valuation. because surh fraud
would be beyond the reach Of detection.
II The rule al valuation be in oniinrm one.
il can make no difference, because, By
raising tie value, we shall be able To re
duce The rate Of duties. There Is an adj.
ysnisge in this mode over thai al assessing
specific duties, because il will be beuer
understood by lhose who ray duiies. and
designing men cannot deceive the people
ant produce discomfort 80 easily as With
specific duties. The rountry will be
willing 10 pay such rate Of duty as when
Levied on the value Of imports, will fur.
nish adequate revenue.
Ifyou IN, Ia specific duty Of FIVE cents
gallnn on molssses, q man in N. llamp
shire who designed to produce dl.conien,
WITH The duty, would take up lie price
current Of molasses al Mslsnzs., and al
dull season il would be quoted al 5 To
8 cents in that market. Or certainly as
low as 3 cents al some place in the Inle.
ri"r. They would Tell The purchaser that
he paid one hundred PER cent. duty and
that. il j, wee not for The duty. he would
get the molas.cs al hill he selling pticei
But if u wa. valued al tie wholrs lie
price here, 10 Gene per raIlon.) and
twenty five per cent. assessed, the duty
would be the came.
This mode carries vi h il the evidence
Of ITS own correctness. What is intend
ed to he DINE will be known. and il can
esily be perceived whether j, is dune pre-
clseIy. have heard no nhiection To the
execution Of this par, Of The law which
has any soundness in il. II il be desir-
ed. il ran be iairly carried into prsclice.
The li~ absndons no principle of prntec-
iion IL commences with giving susien-
ance and protection TO industry in tie IT.
isnry. asserts for il confidence and sqna-
lny when q, maturity, and gives steady
encouragement aud preferences. al I'll
times. 10 The products Of American labpr,
through the legitimate fxsrcl.e Of The re q