The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-01-06

upon valuation 10 be made a. the port Of
rnlry. ar Fsss some Law modifying the
sel af Is33. Il may wrll be questioned
wheIher any I'd Eslossm duties can be
collected sller The 3Oth Of June. The
language af the law seems explicit. hm
that. 'IInm and afler The day las. afHe-
said" (Jnns 3Osh. 1912 "Ihe duties
required IN be paid BY law on goods.
wares, and merchandise. shall be ASSESSED
upon the value thereof al The port where
the same shall be entered. under such
regulations ss shall be prescribed By law"
And il Is further declared. that so much
oi any Other ari rs 10 Inconsistent with
that act shall be and 10 repealed.
The assessment Of dsties. alter The day
limited. on the basis Of The foreign cost
oI value. 20 Inconsistent with The act; and
lhs Ian aulh"IizIng il must iherrfore. as
10 would seem. he considered 10 repealed.
The act &c 1888. a. must be obvious 10
oil, eoh1emplsiss no other Than I'D sslorem
duties sfar lure. 1912; for although. IN
. given case. . specific duty may not
amount TO 20 per cent. on the cost Of the
aruele. ytt that f.cI cannot be sseeTlained
without referring To price OF vslut-lhings
constantly flncIuallng-snd much I'M
certainty. and perhaps confusion. would
arise. as changes in the maTke, price Of
ARTICLES nigh carry The duty beyond the
limit .. one period. though within II at
another.
Indeed. there can be little room for
doubt that IL was in the contemplation Of
Congress. al the passing Of the act. that
no du les on imports should exist in the
country sfier June. 1912. but I'd salorem
duties. |, must be admitted thai this wa.
a very important change in the whols
system al lmpors into the United States
since IL has hrreIulnre been regarded a.
the dictate of high prudence and the teach
ing Of long experience. that, for the pre-
,enl,nn of frauds and The security Of ih,
teyenue, duIirs ought. - far 50 pracIica
BILE, tu be made not al saloTem, but specl
J &c.
or the essential or perempiory provi
siOns Of The act. there are Two, Which,
10 not 10 be disguised, were IN ended Il
stand towards each other in The relanol
, af equissIenis ar mutual considerations
, Three ATE the reduction Of all duties 4
twenty per cent. al sslorem. and The ~
|, sessment Of ,hue duties upon Q HON
. valuation. II il impossible 10 read %
: act itself. and still more impossible 10 at
vert To the history Of the times. ~l'hot
Q arriving al The most perfect c"nv'c,'o
z that the home valuation was resor'ed
for the purpose Of guarding the resenu
!. against fraud. aud protecting Amer
4 can manufactures against underrsluaiIon
d There could be no other possible ohje
= in this provision. In is q part oi the &C
- therefore. connected with another pat
i. and inserted Tor the purpose Of quslIfyIr
Il essentially the operation of'hs. other pal
Il But il is highIy proper 10 look al u
1, circupsisncrs whichled 10 the passage
J. The act vi 1893. and 10 regard the mois
in which il appears - have had hs trisl
l,wa, the rs.ui, ofa sriritof eompromi
is and eonc,liation, Al time when rons'd'
h, sLle agitation existed aud much diyesi
err Of orinion prevailed. lfevenrs shah
~ pear TO make IL necessary 10 recoas'd
le or readjust The provisions Of thai Law;
m; proceedings tow ards thai end should
he conducted under The influence oil The ss'
ne spirit The undersigned 10 mosI leeE
. impressed With TIE force Of these C
h, vicl,nns, while offering suggestions
be Congress On the. subject. lie 10. c,
nd su a,ned to sdml, That il has Appeared
ed hnn tina, the inierrs,s Of the county
tn.tauiIed some modification Of the aca
ry Eis33. In support Of This oploion
N would frs, mep,ion the great. il not,
he sur.noun,able difficulties ofeslablishln
,ng hnme VALUATION al uur various por.s. VI
,pe gu, mourning lie risk Of producing 81
ms, diversity in the estimates Of value
The should DOT nhly lead 10 gfeat pract
ash Inconvenience. but in.et fere also. IN ed
with, the constitutional PROVISION
an duues on imports shall be equal 10 all
ich States. llsuch should be the opinif'
lies Congress. ilien IL is chsr .shn Sc
.ed squ,vsIea, il Ia be prosidedfor thc h'
,or, ,aIusuon. or else the vhUls basis y
der which The .ac. was expected 70 .rsst
bed q measure ID compromlsss antadjwtm
.olc is taken away or. dsplacsd. II
n, ceases. in thai esent.lo be The muiu:
as. or compromise Us in.epes's 'svidep'ly
Of tended 10 be ptoducsd By placing b
or valuation as an equivalent saalhs, sse
sdc, uon Of ad yslotea tiutes. fFemeln
rSes the wisdom Of congress 10 sleterf
) a ~hs,her such. equivalent esn be foun
in. But, in the srcsud. place. Il Gont
hich should be Of, opiRoh either, thar b
for. valuation Ia pracl,csble..or !hs. 7
>. in rquiyaIen, aud proper substitute ma
The found lorji. llIe nntleisighed win mol
n - H.