New-York tribune., 1842-03-10

duties beyond twenty per cent; will be les BY thai hooa
yalralior whatever II may be. Without; howrser entsf'n.
m s>'spo OF borne HalIs,ion. ana leaving that sc2)tc
present >y.tets luci on ! 10 c"ujnus,
then rvIrit q liz. t-qa!ry 90 az importation aIocnls
20 it',oss t3ioI> how inac: duty :Ii>t De -
u-fsr 10 raise suce al ;eentv.sis ull}ot> Gt
Gae>ton does 1s't atiIl: ." e:tt it utmost M
san bt reached : ttl>2at. approximation s4ris>s
every one al lie in>rcS' aclr> 10 te Sahj-c 70 Gnty OF
thirty h-!, ihs n>> wi! amount 10 81
De,iH1.ins, The expense ~ collection which may
be Stated !6ss>Na will give Ss5,,tNnco three hun
ed ihGaard doales> ;hanite pri osf amount oswen;y
but .gh as well take ms opportunity explain sub
reel "ilct. not wrll understood; |, has been Supposed
wien propose 10 TX rar q, a,l yalor, Ca;v :ie
uta be aowc, that my rncsin j. that III articles, o.
every description arr 70 be carried up 10 that point, AID
fixed Al; ina; rs u ora ,ort Of bed Of roe> B, Tia;
no, my ide. No docb, certain ar,,cis ousn, 10 20 up
10 The :uaNTuntl mean tl>s pr;:e necessity belong
M ~ the class OF articles Tier. ar. Others such
ieweiry and watches and others small bulls and
comparative value. and therefore easily augglei, ami
e>st;r great ,,Ilp.tioI u the evasion OF duty WHICH
ought IL De subjected les rate There should. there
Iore be dissemination allowed under me maximum rate
ccordnS 70 the cNieercy al The respective OF
each particular concerned Since II VIII require i
Cuv or thirty per nil artcle> 10 give the anoNf o.
twenty-five miicn> hundred Thousand doiiF>, ana
since >onle OF them VIII rot bear high duy a. srt per
Cent follows that e>s than that rate VIII certainty nos az.
>wsf tb necessary demands OF the Government, and may
IN some particular require rate >oiiewoat hne'
IMAM 'a IN orer 10 raise TIE proposed SUN OF twenty
millions But n Tic reserved tuR or two millions or co:.-
uencie VII not require - sinca! revenue Tor tnal pun
pose sioes me amount o. fIe> ieved be les Kan twenty
ny millions, even between tweEiyour and tweniy-hve
millions the reserved in MAY DC made up by rccuniula
tons during successive years, ami st leave AZ anionh SUI
ncln 10 meet an annual expenditure ottwenty-;wo mtoss
ana two millions ;o, The public debt
now dpprpach the consideration Of 4 very imporians
branch OF the ut0ec IN rs cOnneNan wI,ii The ccripro
net.
sal not here attempt r, so into the history otthat
act, Will ou tUat. OF passage, was
fought right that the country should tar -Nperi-
effect and that, the law ,eli me, apc
baton 81 all parts OF the PROVISIONS oashs not
lightly 10 be departed from the principles OF The acs
>oul be observed m gooI ,,h and that, il be necessary
tl,Nt.N ~
adhere 10 the principles pruuse hen iae as
propositions, the Senate, by the desire
a prompted me- whenever the has been aNaed by It's
opponents. 10 stand by and derm. i,
But II necessary consider wha, the PRINCIPLES OF
the compromise ACT really
l. The principe Is tharthe should be liked
OF al vaoresi duty, and determinations below IT.
II. That the OF duty beyond twenty per cent
should by gradual process commencing on tir be-
cct'er 1883 BE- reduced ,hat by the Suth Juue, 49,;
should be- brought down twcnty per
Ill That, after that day ucd ies should Be lad tor the
purpose o Sst might be necessary 'or an
economical administration OF The Governments consequently
excluding all resort 10 imcirmI iasaon, To the proceed.
~ the public lands For wIlh the pend
tncy oil The COMPROMISE act bIl! was pending Tor tie d
tribut'on OF those proceeds
". That the y June. 1872, all duties should be
paili N ready money. 10 the exclusion OF all credits
" That alter Tie day, the assessment OF the value
nj all imports should be made at home aud not abroad
VI That after the day, last OF articles specified
and enumerated in the should be admitted free Of duty
Tor the benefit oi the manufacturing Interest
hcSe arc the principles and AL The pri cipes OF the
compromise act An impress has been taken up most err
per cent here i no uch imitation IN The act admit
that tthe OF The passage OF the hope ertcr
would supply an adequate revenue TO "rc'no'cai admin
istraou OF The Government Then were threatened
with that overflow nj revenue with which the Treasury
was subsequently, inundated and the diiculiy was 10 hnd
nrucles which should be liberated from 0uly and thrown
We're rcnccredtree Blu; the act aud part o! the act
when fairly interpreted limits Congress, the ol
adherng tor ever and under all circumstances TO liked
and unaterable rate Of per duty The fr>t
section i IN the following words
BE i. enaced, Sc rlat from and after the thty.trst
day al December, one thousand eight hunr and thirty
ihrre all case. where iuleS imposed foreign in.
ports by the 9th. outeath day July thousand
eight hundred ami thirty two entitled alter and
amend the several imposing duties imports or by
any other shall txrec twenty per ceatuin on the value
thereof tenth pat OF such shall be deducted
ron and after the thirty ia. DeccSher, Thousand
eight hundred and lrty five, another tenth part hereof
shalt be deducted; from and a.r tue trt, first day OF De-
cember thousand esh. hundred and lhrysevcn
Their tenth part thereof shalt lie deduci,d from aud after the
trtyiirSt DAY OF December, thousand eight hundred
and thirty nine, another tenth part thereof shall betuced;
and rom ami after the hirtyr.t day o December, one
thousand eight hundred and ortyone. onehal OF the resi-
due OF such a be- dtducedi and from and after the
threh Hay Jnn, thousand eight hunared and forty
two. the other half thereof ,ha. be deducted
The provision that nothing nor less IMAM
that The existing duties should be- by the 10th june l94
brought down 10 twenty per cent hat then! Were they
always 10 remain that rate The section does not so de-
Not only is this expected, ana not so unler
but directly the aertcu, and under
rate 10 provide the revenue necessary 70 an economical! all
nni>traeon the Government The third section, wnsch
emodles most oi the great principles OF the ACT Is III ese
word
SEC. g. Ind be it further enacted, That until the ,hir-
% m & M a nna as maaae ~
this act shall remain and continue to be collected And,
from and arr the day last aforesaid, all duties upon I'M
ports a b. collected in ready money and all credits
allowed y law in il payment of duties, shall be and here
10y abolished; and such iues shall be laid for the pur
-' OF as snch revenue rs may be necessary to an eco,
onical administration Governments; and from and
aitrt the day last Aforesaid the required be paid
y la" on good, wares ard merchandise shall be assessed
upon The value thereof port where shall be
entered under such regulations may be prescribed by
What The meaning OF this lnguage' Canary thing he
more explicit or les, liable amsconceptous ltconalns two
Obligations The ist a that terc shall h, an economical
anilnistta ION OF the Government waste, no eSnva
ganct, squaEdrrng OF The pubic morey. admit this
oOhon, IN is fullest force all its length AMI breadth,
aud trust that my friends, witti without ad, Will ul
nj H. IN letter and spirit with the perfect fidelity But
the obligation binding and imperative; and
iiat Is that SUCH duties shall be laid may be- necessary
such revenue requisite economical! admins
tlTon the Government The source o the revenue is
and prescr!bed-the foreign import, exclu.
all other The amount from The
Things, could specified whatever may be- be
ar.. small, allowing brlow, requiring
dat we shoni 20 beyond Twenty per ceL, that amount Is
10 be raised
contend, therefore, with entire confidence, per-
iuct consistent with leprovi.ions OF the compromise act 10
impose ut, To any amount whatever thirty orty or more
per 10 the sla. condition OF economical adj
n0Istrato on OF The Government
" hat The Other Frncpic, Of The act First there Is
the principle liked al .noren duty Shall prevail and
all tim.-. For one wlin. 10 abide by
principe There yasue notions atoat rs to
Necessity Oh >iec!lc
winch ed rom want OF right
tie subject. We have tad The ut uaore
rfincipe practically IN urcs ever SING. c compromise ACT
passed ana There has been difficulty III administer
my Tie duties ot thu Treasury hat principle
1t necessary inst ~ ascertain The value OF the goods,
the Guiy upon them; ana IRON me ceu
uicnceGent day. al uuiorem principle
Substantially Con- pare the difference
specific ad u!oyeRs systrn Gues, and
liz. latter justly en!!-d 10 the preference
the pinc pie declares tiat the dizzy pai slal be
the real value Of the article tax.d The SPECIFIC principle
pose, equal duty articles greatly unequal IN value
coil.e Tor etdmpe an II article whcA always scg.
"t, i, 10 my lu,u9l,S,j the articles which
:, ,ic!.ic duty has been Icyirri Now perfectly well
knew tat the Mocha cyirt a, much
the cOiee az Domingo Cuba yet both pay the
Tie la, iect The value bit
bn.ay levied ii articles O specific KIND ALIKE, now
various and Unequal gay be their value SAY that