Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-06-14

The Secretary took the imports of ls40 as the basis
Of his calculation, and estimated the receipts fol-
lows:
Total receipts from duties $50. COS. 600
Expenses Of collection and drawbacks $3.50 900
Nett revenue 27,44s 600
He regretted the Secretary did not give the nr,i
eles IN detail, on which drawbacks were 10 be a
lowed, and the amount ofthe different items making
up the sum which had 10 be deducted from the gross
lreceips. All goods were liable to be exported and
to have drawback. Thus there was always in
reality less revenue collected than there appeared TO
be.
But, although the Secretary had calculated with
care the amount to be received from the operation
oil this bill, and though he conceded that the lowest
year had heen taken for basis vet he thought the
House could not altogether rev on the calculations
which were submitted 10 il. The amount of imports
into the country in 1910 was S07 900 900; and the
average amount OF the seven preceding wears SI4I
OO00 Though there was this large discrepancy
between the two amounts, and il might seem that
the imports would ALWAYS be equal 10 the standard
OF ls4o, he still feared the bill could not be relied on
to produce ,he necessary amount of revenue. The
excessive Importation which had happened during
few Of the past seven years, owing TO various
causes such for instance, the great fl e in New
YORK. which consumed many goods that their
places had TO be supplied by fresh imporiation,.
Dur'hs some OF those years, prices were high and
money abundant; and therefore the vale of the
imports was sweed considerably. At present. how
ever, importation OF goods was checked Where
was the man who did not wear his coat longer row
than formerly, and who did economize in every
way he cnnldl Such would inevitably he the case
until prosperity was fully restored in the county
Yet Il was thought that the receipts from customs
would amount to S27, 000, 900 per annum from the
operation OF this bill. lfany would 10 TX at the
receipts, and see how, during past years, thew had
varied from thirteen TO twenty four millions he
must be satisfied that IL was impossible TO make an
accurate ealeu OF the receipts according to any
/ hrf6 0Nyr
however, that this bill would produce from TWENTY
hve 10 twenty-seven millions, IL was unnecessary TO
discuss II further, unless gentlemen could show
thst 1t might be amended so as IN produce more.
lie thoughtit needless to discuss the question OF
protection. As a measure OF revenue only did he
desire the bill 10 be considered. Though gentlemen
might seek reduction of the duties imposed on the
ground that they afforded protection to our manu-
sctures ne yet thought II right to protect, when it
could be done advanthgeously, He would mot 10
ssate for Europe, bu, for the interests of his own
country, which he preferred TO all the wor . If all
restraint upon trade was done away with here as
well as elsewhere, and we could he sure of a con-
Hnuance oil peace, 1t would be decidedly more ad
vantaseous Tor each country to produce what il !
could best, 70 sell its productions where II could oct
most money and 10 buy where goods were cheap
EST. his was beautiful and a correct theory #
we could have it in operation.
But u was said by the advocates Of free trade
mat the duties on imports gave the preference TO the
manufactures OF the East. This was not so. Sup
pose high duty was placed on cotton cloth 10
protect the manufacture TO prohibit its i'm ,
porIauon altogether; the consequence would be, |
That many men would enter into the business IN {
account Of the supposed profit. Composition would
then become so great, that the protection would /
amount TO nothing. These duties, then would not 1
oe ior the benefit of the manufactures only but OF
he whole nation. lie could not now say when il /
was proper to encourage, and when not yet he |
thought II unwise not to encourage necessary arti
clesi aud thereby make ourselves independent in /
case OF war There were many articles Of clothing
and OF food indispensable 10 the country for which
We "ou,o mo u economical to psy rather more .
now, m being able to obtain them at hand when .
war came uTon US, and our ports were closed 10 70 |
Iegn imporiatiOns. lie illustrated the idea by re-
errins TO the army and navy, upon which the ma
ION expended so much IN peace, that they might .
be ready for war
There was another case in which he thought wa
should give protection TO our own productions-and
case ne regretted TO say, which occurred but too
often IL was, when our productions were excluded
ION 'he markets OF other countries by foreign le
gNIalIon. Our ogricUlturists, occupying a bound
less territory were willing To send out their ptoduc
tons 10 England, and 10 receive in return various
afHces winch they wanted, md were Obliged IN
nave but Englnnd-who supplied them with cloth
ara other mlnufacIuros-refused 10 receive tho r,o
oucis o. their labor, and compelled them 10 nav
specie Tor what She furnished them. lie thought The
sheld Of our Government should be interposed IN
ptotect lhese interests and meet restriction. lie did
''t eN''y Pltuh bUlhln the power 20 impose these D
tesuc'Ions. u Wns national, sovereign right IN
ger which she acted. This country, however, should
~ ooonervaihng legislation, create that market |
winch she refused to grant.
ne appealed 10 experience 10 show that all
even NOSE Who advocated tariff solely for revenue
must discriminate between different articles On
cosby articles, for insionce-aucIes which were
small m bulk. ard cOuId be concealed, as watches
"a small duty was always imposed, bocssse high |
one aomiled TOO great opportunity OF fraud. En-
ano and France both admitted diamonds duty free
ne same principle applied n jewelry and aces. /
snloh might be easily Struggled in without paying /
GUY. There was another rule. too by which dis. /
EXAMINATIONS were made, and which Ne expested
many OF the ant-tauh men here would follow f. !
was ~ reference 20 articles produced in our nun
country, on which high duty could not be levied
with advantage because " a high duty was placed
on such, the consequence would be that the home
production would supply the market and Inc Tor
tgn I've entirely prohibited. II was, indeed. a
strange phenomenon which We nov saw in EnpisnF
"A leader m Parliament coming forward and de
carng that no dufes should be imposed shove 20
per cent. Considering the past history Of England
With respect. this circumstance reminded him Of the
saying Of Solomon, who, having passed through
long c Of cNcesscs, NJ the end Of u declared that
alI was vanity, vanity. lLaughterl lie had ob
served the cautious reserve Of Sir Robert Peel m re-
huon 70 the duty on sugar.-tle would explain the
,eason Of this reserve, and show why IL was that
pr Nober Peel, though proposing reductions on
..nct ARTICLES, said nothing about this.-England
1870 W 700 cold 70 produce sugar. There could be no
NJ home; and, therefore, ~ il must he
o'ousne 10, ~ might be taxed 10 any extent This
NH why the Premier did NOT ernlain E,sor, a..