Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-04-18
31Olst(r1l.
C@1tsp."d.Gcs y Hs Bait,mese Pai',os.


TIoN-RArr OF pcTY PROPOSED RY tux COMMIT
TEE on MANrfAoruRrs-SrrCirIc puTIrs-lioML
NAieArioN-l IMPORTANT SrArIsries--Nooi, Cor
TON, iRoS. Snors. Doors, Sc. sc.
I Yesterday snt you the bill prenare, iy tho Comoit.
tee Oh Manufactures 10 the House II Representatives,
and oday add ~ that bill analysis OF The very i
poriant report which accompanies 1t. The fcpt was
drawn up hy Mr. Saltonsall the Chairman Of the Com.
mtec and is very able document The whole re-
port makes one hunuTtd pages, but tins includes an a
pendi1. which gives IN dctai what is embraced in the
Est twenty pagos Of the report The report, after stat
my the mode OF action IN the Committee sets out with
The TACT, that we have an Indebtedness oi seventeen or
eighteen million Of doars.- lLo average expend
tuo tlr 81, rs $50 and 20 was no.rly SIS co.. Uvu
that ihs c1IIhdi,uro Of lsil was SO 5y+ l2a-,hst
the eStlna,os VI the present year $4,000 that
the doieit attic end I. the pt.sent year will S4 co.,
uou, II no more oppropratons arc made than cxpcnd-
tuos prDpsed. In the opinion II The COMM tee, the
smallest a'no unit Vi expenditure, ncudins tho payment
u n'cres, upon the Loan and Treasury notes III tie
present year, VIII he 70 VI S7.ttu,tto.
The dutlat!e nDIvf,s " the next sulct oonsidercd
ny statement iIUn tho Ireaaury, exhibiting the value
Vi McIehahdisc imported annually irum 1894 to 1870
inclusive alter deducung the ratlurs appears
that the averagc amount, which would hive been sub
jet to duty u ~ per cent and upwards, under the
act u iii VI September, le4 was ldra@ lacks On
fined sugar, &C. uoductet) about Sy 900 800, which
The cstiAaied amount II GUY 1t - Ter ccut. ~ 30,
5<b,o52 and the tstinaied duty ARTICLES paying less
than ~ pr cent. duty Is tl2o.uUU.-The average val
nc q mciehandae lice 81 ouiy, under the act,
5 gYet, <oy, as appears by annexed table, The
fluctuations IN these years were very great tie amount
IN 1850 was ,oeo, more than double that o
le4U, winch 50, 4O1 .57o, and nearly douLe The
Importation Of 1855 $Ly9.e,Uo5 larger proportiun
of The JobI was probably incurred in le.o uan IN any
other year. anu Imports that year reached the
nous Amount Ci ) e9,ycU,O95.
Alter stating TINT casting lava are altogether inei-
ficrn to yield adequate revenue, re adjustment ii
the Tariil IL pIop,sed In Continuing the rep5n, the
cJumttee suhiat the following question IN It anon &c the
home valuation:
Can substitute be provided which shall have uni
form opcIslion in differ nj ports, and which VIII bo
c,alioAie lass oT the Assessment u duies lhls qucs
ton has rtcvN e The attention vi the Iunec. l hey
have endeayood 10 devise ono, learn, ioIn other
s5urcos, SINE mode Jy which such valuation may be
made.
The 81. slitute fr literal home valuation which has
eecn most frequently suggoated, Is the addition Of
certain per cenagc 10 the foreign cosias 10 how much,
The witnesses yorys)me placing II at Is, aud others Us
high ~ 80 Per cent, according 10 thor We've Of
tho intention If Tie law. and "ltthCr lie duly itself
should enter the value. 10 this mode there ac o.
objections. Ii would he ex,rtcely unequal On dii'
icJen arcoe as the clarg5s Ct impOa, us dlller cs
seatay and, btetos, great perhaps the gfestest,
oioc expected from home fsuetin (e prevention Of
tr1udl would be defeated as the ssnont Of duties
would really be tastd tho tyresn cost, Nalue. as
heretofore.
Another suggestion was to authorize the Secretary #
the Treasury ascertain The average value Of goods
New loh olat two q three different paTts for
more years, from their sales, and 10 osat sh that as
the Gus ON house valuation. This, though not mprac
ticahle would confer responsibility o legislative
character a Secretary ot Tie Treasury, winch lac
could not desire, snd the eHpedency If which may well
be doubted.
Another system of home valuation hss been propos-
cd; which IS 10 ia the value u duuable articles, Oh the
NEST important u them, IN thcact This, 1t IL under
stod, is under the cuns,d Iteration OF committee IN
the Senate Should they succeed in Their ctlors, and
such valuation lo established, the bill low reported
may be made 10 confirm to II without difficulty.
Under these circumstances The committee have re
ported bill imposing duties, inpnrt at rao,en and IN
tnr specific making Just aud necessary Determinations
the rate. without any change in the mode 81 saua-
ion but with additional provisions for prevention OF
frauds aud undclyauauuns.
The authority u the President in favor of dscrinna
ton isthcn given and endorsed The following para
graphs important, as embracing the plans OF action
and the thereto which have characterized the
committee in then aTduous lahof4 They say
| The impust system Of the Jnlted States has locn,
from the first actin l7s9 and especially since 1916,
50 intimately connected with the growth and protection
of American capital and lalor as 10 have raised up
great national Interests which have become indspensa
Die the prosperity VI the country, and the destruction
Of which would spread calamity over It's whole extent
They have grown up under system Of laws they are
connected with all the oth,r great Interests u the
nation
And it is impossible to lcgslatc on tins suLec, with
out aUtcllip th's' INTERESTS al! ohl
c5ts for good for evil such the necessary conneXon
between the regulation Of duues and all tho great de-
parimcnts Oh Industry.
The committee. il is added have proceeded to the dis
charge this duty with thorough conviction and under
the deepest impression that all heinieests Of the people,
in every portion Of the equity and ta all the eole oi
the country every section u II. alike entitled to
equal notice and regard, by its Legislators.
he result Of Their inquiries Is, the necessity OF DIS
elimination IN the mpost n Of duties. They televe,
,,o fir hat ttr The
purpose Of revenue which IS the great and rrn airy oh
Jec in the adusmont Of the tarIf-Ihey believe, with
the Secretary Of the Treasury, ihat cannot be regard
ed wise, by any portion Of the country, as ferma-
nent system OF policy 10 augment the amount OF revenue
when further oxgchcrs require such augmenia1n, by
raising duties all articles, including those Of absolute
necessity, 10 the in extent If 20 per cent. (or 10 any
other particular rate) and preserving that nit ut the
same time, as liked barrier against hl9hcf oues Gil any
article whatever"
1t is obvious that if the duty be raised above very
moderate rate, on articles Of small bulk and great
value the object will be defeated. They Will be Snug
gcd and wholly escape the duy and II is equally obYI-
Gus that other articles will bear higher than the odina-
~ rate Of duty, and thus yield greater revenue
The three important principles in tho bill OF ycser-
day are then given, providing
81. A general ad valoren duty Of thirty per cent.
with few exceptions where tho duty Ia that prln-
ciplc -,
so discrimination is made, for the security OF such
Interests cannot he preserved without IL as wei as o'
revenue, by specific duties valuations, bringing Inc
duties in some instances below and in some above the
rate of the general ad yal4rcm duty, and fixing the
| Lett ,Eiih