Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1843-01-06
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! ANT r.Wfr hRoeH
Dulie Nudeas 3D. nte, apon 5,
consum ja duit. .ay be noulor TO-.
focos, h " ne.0 900, or q. voo'e0e . zee
that the manufactured con 81 hIglu f,ll. 81
Now for the facts. The Secretary of the Ireasu-
ry, since the new tariff went Into operation in
Sept. last, has directed Investigations TO be made
as to the effect upon the revenue, and the prices
OF foreign goods and he gives the result In ,ocu.
mens accompanying his report One Of these is
letter from the collector of New York, in which
he states that he fully concurs with the Secretary
in believing TINT prices of foreign merchandise
are not determined by the rates of duty, but Ivy
the proportion which the supply bears to the dc.
unnnd. To illustrate this, ho gives the prices Of
various articles, before and oiter the tariff went
into effect, showing an absolute reduction of
price since The duties were imposed Russia
hemp iron and sheeings have all been reduced
slightly. British goods have been more reduced,
viz. beaver cloths from 1923 to ~ worstcd lining
from 45 TO 80 calico, from Is and II to ~ I.a.
lie concludes his letter thus
"Tle time which has elapsed since The passage
OF the new act, is too short TO admit Of proof that
The new state Of things existing here, has already
begun to devcope itself but have no reason 10
doubt that this result, explained in my letter Of
the % j inst, Will me'ilably he found and that
IN no circumstance will the consumer lu,eIo ray
the whole the larger part Of the increase OF du.
lies provided by lie new law"
So much To 10 ogu goods Now rs to do
nestle. Under date OF Dec. Ia. 1912, Sam"-l
Lawrence Of Lowell, writes to ~ = iia.r.
giving the prices of l. t...t ..u
manufacturing town in n J.....
fore the tariff and in Sept, %. e.r.I .
(snce the Tariff' The results are that, since
tie Tariff cUltons have hecn reduced from l-2 10
Of II cent n lurd-iOnnols from 10 10 l-2-
pilot and beaver cloths Is per cent, and broad-
cloths and cassimeres l2 per cent
These facts go TO show the great error Of sup
posing that duties are necessarily taxes upon the
consumer. In this case of foreign goods, as giv.
en- by the collector OF New York the consumer
gets his goods actually cheaper than he did before
the tariff was passed; yet the duties are pnnl, and
hy whom? Not by the consumer, certainly; but
the foreign manufacturer or the importer bears |
the burden aud in the long run it must he the
foreigner, for lac mus, bring his goods the level
of our nrHkets, or keep them. Ii is right hat he |
'honld bear it. 1--WE the people" pay for our priv
ileges by sustaining government and iustitu-
tons; and when foreigners enter our field to reap
fruits, they should pay Tor il.
The reductions in the price of domestic goods |
IS owing undoubtedly to four things an over
stocked nnrket,-a reduction o; the price Of for
eign goods,-tlc scarcity Of money,-and the i'm
nense stock Of cotton and wool IT, the country
And the state Of the market for domestic goods
has lis bearing upon the raw mNterial, depressing |
'rces. As these causes OF depression are remoy-
I'd, domestic manufacturers aud the producers OF
he raw material will improve. A continuance of
The tariff will help 10 clear our markets of for
ign pro luctions and give better demand for the
lomcstc; aud sound naiional currency-we
are not under what name, Bank or Exchequer-
would complete the work needed to restore the
clements Of prosperity.