Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-22

1t is fully acknowledged that all duties
should be laid with primary reference to
revenue; and, it is admitted, without hest |
tatlon or reserve, that no more money |
should be raised, under any pretence what. |
ever, than such an amount as is necessary |
| tor an economical administration Of the |
| Government. But within these limits, and !
as incidental to the raising Of such revenue
as may be absolutely necessary, is believed |
that discrimination may be made, and du. !
ties imposed in such manner as that, while |
no part of the country will suffer loss or
inconvenience, a most beneficial degree Of
protection will be extended to the labor and |
! industry of large masses of the people.
while the whole country will be rendered
more prosperous in peace, and infinitely
stronger and better prepared if foreign war
! should come upon us.-The principle OF
discrimination has obtained from the period
| of the foundation Of the Government. In
many cases it may be found to be lndispen
sable to the interests Of the revenue itself:
and Il, in fixing system of duties, it CON
sists with the best interests and true policy
Of the country so TO apporiion them among
the various species OF imports as to favor
our own manufactures at the same time
injustice done to any, it would seem proper
and wise to reject arbitrary limits and the
idea Of forced and unnatural uniformity.
The undersigned feels no difficulty in ad
hitting that a duty of twenty per cent. ad
valorem, assessed upon the value of import
ed articles in our own ports, would IN many
instances be rate sufficiently high for the
benefit of the revenue, and also afford reas
enable encouragement to home producers
of the same articles. AS to those, there
fore, the object Of the act Of 1888 will be
accomplished, if its provision for home val
uaton be carried out OF Cnngress.-.But he
still supp0Ses that there are several descrip-
tons OF imported manufactures and pro
duce, which would well bear a higher duty
than twenty per cent. upon the home value.
and thus yield a greater revenue TO the
Government, while, in regard to some Of
them, il will be found that, without such
increased duty. the labor Of large classes.
engaged in producing similar articles. will!
DE greatly depressed, if not entirely sup
planted.
F It is unquestonably true, and we'll wor-
thy of remark, that the act of 1888 was
avowedly conservative in its objects and
E character, and, while il was designed to re-
move what was esteemed grievance by
, one part of the country, it was not intend
ed that the interests Of any other should
be sacrificed by it. Ga the contrary. reas
; enable security was intended for all. Its
true spirit, therefore, will be but carried on,
, | by acting, under any new state of circum
stances, with reference to the same great
, objects, and doing justice alike to all. The
treat principal of that act was moderation
and Cancellation, and this should never be
a ost sight of. But the measures proper and
, necessary to carry out that principle may
+ De changed, ii the altered circumstances o
i the county call for such change, without
. any departure from the principal itself.
n Nothing is more established by our eX
q perience, and the experience OF ether ma
o tons, than that the augmentation Of dutle
:, does not augment, in an equal degree, tn
> cost OF the article, to the consumer. il
many cases it appears not to increase tina
! cost at all. Very often the price to tn
. consumer is kept down, notwithstanding Al
increase of duties. partly by the create
. supply of the home production, and part.
BY the reduction of the price in the toreigI
= market. 1t is believed, indeed, that Their
a nave been cases in which the JOINT opera
= ton Of the two causes has occasloned prl
res TO fall lower than they were before tn
= increase Of duties was Land.
This result in the operation Of trade an
! business might readily be traced 10 its eau:
- es; but full exposition OF those cause:
i, and the modes OF their operation, would /
- much swell this report. Suffice it to say
r. that when an additional duty is laid on Il
= article, IN a country IN which that article
- extensively consumed, the burden Away
~ falls in part, and sometimes, as experience
~ has shown, altogether, upon the icrelg
! producers. The foreign producers mas
- sell; ana If, in the place OF sale he llndS
! article produced on the spot which come
- into advantageous competition with h
4 own, by reason OF paying no duties, he Stl
- must sell, and, for the sake OF beng able /
- do it; he must be content TO bear The bu
IL den OF the duties himself. The duty born
= by the foreign producer IN such cases is Tx
the charge tor tranSportation-it is some
SIS thing which is necessary TO bring him int
u the market Of competition. Analogue
at instances occur in domestic trade. III
t, wheat grower OF Indiana, who incurs he
n Wy expenses in conveying his tluur to a
" Atlantic port, expects no higher price t,
ut 1t when it arrives there than is paid for flo,
at of the same quality to producers in the in
" MEDIATE neighborhood. The cost OF tran
u. portalon therefore, does not operate
o. much to raise the price at the place OF sd
~ as to diminish il at the place OF production
lie Now the great law which regulates price
er by demand and supply, is sIernly observe