Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-04-14
RICHMOND DAILY WING.
mr.. Wis, nnd the Tariff
FRIDAY MORNING. APRIL ~. isas,


Thus far have made that the Tariff Law Of 1910
the bugbear Of Mr.. wises phrenzied imsginaton-does
not violate the Compromise Act in its terms.
But, says Mr.. W.. this Tariff is high, protective, and al.
most prohibiio and its protective and pohbory charac.
ter he deduces from the fact that il has furnished
of anticipated by friends adequate to
| the Of the Treasury.
shallow reasoning, which would excite the contempt
Of ajunor clerk OF any, the importing
merchant!
That the Tariff should have produced large
port revenue, Is be wondered The wonder is
that under the OF the case should have pro-
duced much.
In the first place, anticipation OF Tariff
always the case, the American market with
foreign manufactures. During the months the
system being considered and discussed importers
were busy in making mportatons, while the duties
low and before a system should advance them. In
this large stock OF European fabrics surchaged
markets. and until this stock exhausted the business
importation must inevitably be in great degree suspend
cd and thus for season. supplies the Treasury the
import, be seriously eurtailed But, the
stock of imported merchandise which
try cipaon OF the Tar shall be fully exhausted,
importation will revive and revenue begin flow copiOus-
~ into the Treasury
Secondly The uncertainty of the continuance of the pre-
sent Tariff law tends check iportations large and
influential political party having the ascendancy
Congress- and anon crying outfor
Qucsuon, ana as such, to
be acted and decided Now in this uncertainty of edc
raj legislation the subject must be
Prudent will not import merchandise under high du-
ties when lower ones are soon to prevail for inevitable
loss would be the consequence. the Importers are
ing their oars, and awaiting the developments OF free
trade Congress- and this cause. dscouragng imporatons
furnishes another drawback upon the from the duties
imports
Thirdly, and lastly; The general arrangement and ruin
Of the currency affects the business Of importation pre-
csey does any other branch of industry trade To
none, indeed, money facilities, sound and abundant
currency, and good exchanges necessary the
Importing merchant For this reason, also, mportaons
have been curaied and with them the from the
But when all these shall have been
moved, trust they will be, there be
tions doubt that the Tariff will effect all it de-
signed accomplish, and furnish the Treasury the am
pest supplies for a economical Administration.
The finance Committee in Congress, indeed had the
subject under consideration the last Session. and express
ed their confident belief that the Tariff would furnish
year. ample for all needfu purposes persuaded
they of this that though invited by the President
and coffee, they declined do So firmly believing
that the from imports would be adequate without
Then does follow, that because the Tariff of 1912
has furnished adequate revenue, there
fore high protective prohibitOry; say nothing of
eounteractng causes, time has not been allowed
Its efficacy Is areyenue measured
In no point OF view, them does the Tariff law of 1912
infringe the Compromise Act the idea preposterous and
doubt that in the OF the present year. shall
abundant evidence Sits entire efficacy in accomplish
ing the objects proposed by its creation.
Whatever protection has afforded is that moderate in
cidenta protection which is derived from revenue
measure-sueh protection, moderate and not substantive
as conceded and recommended by Gen. Washington
Thomas Jefferson, James Madison every
OF Statesman frn the heginis GL-
this hour.
Aud -hs- feet deserving OF notice il, that the new
Tariff voted for AID against by Wings Democrats
both many Wings having voted against it, and many De-
mocrats for IT,