Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-04-24
MIR. WISE TIE TA,llEFi

Thus far we have made out that the Tariff Law of
lsi2-ihe bug hear of Mr. Wises pbruzicd Imagination
dues mol violate the Compromise Act N lis terms.
But says Mr.. w, this Ianl Is high pry ,cctve. aud
almost prohlbory aud lis protective and prohlbory
character he dodnces from the fact that i, has MOI, fur
nsbed the amount Of revenue ANTICIPATED by its friends,
or adequate 10 the want OF tho Treasury
shallow reasoning, which would excite the
tempt Of junior clerk Of any, the most nconsIderae,
important merchant!
That the Tariff should not have produced large
import revenue, is not to be wondered AT. Tho wonder
Is that under the circumstance Of the case il should
have produced 81 much.
In the first Place in anticipation Of Tariff, as
is il always the case, the American market ~
yrrsiocked with foreign manufactures. During the
ny months the now system was being considered and
discussed the importers were busy IN making iuporta-
tons. while the duties were low, aud before new sys.
tenn should advance them. IN this way, a large stock
oi European fabrics surchargcd markets. aud until
this stock Is exhausted the business of importation must
inevitably be IN great degree suspended and thus,
for SEASON, supplies 10 the Treasury from the import,
must be seriously curiaied. But the stock
OF imported merchandise which into the country
III anticipation Of the new Tariff shall be fully eNhaus-
ted, importation will revive, and revenue begin 10 flow
eonsplcnensy into tho treasury
Secondly The uncertainty of the continuance Of the
present Tariff law, tends to check imporlaions. A
large and Influential political party having the ascendan-
cy III the next Congress are ever and anon crying out
for It's repeal Its repeal, Indeed has been made par
y question, and such, is 10 be acted and decided.
Now in this uncertainty Of federal legislation the
subject. Imporiaous , ust be checked Prudent men
will mol import merchandise under high duties, when
lower prevail; for inevitable loss would
be the consequence 80 the Importers are resting on
their oars and awaiting the developments Of free trade
Congress. aud this cause, dsconraging impuriaons,
furnishes another drawback upon the income from the
duties ON imports.
Thirdly. and lastly: The general arrangement and
ruin oflhe currency affects the business Of importation
precise docs any other branch ofiudusly trade
10 none indeed money facilities, SQUAD and abnn
dant currency aud good exchanges necessary than
10 the importing merchant. For this reason, also,
portations have been cuailed and with them the in
come from the customs But when all these
shall have been removed, trust they will be.
there can be rational doubt that the Tariff will
effect all it designed to accomplish, and furnish 10
the Treasury the ampes supplies for an economical
Administration.
The finance Committee in Congress. indeed, had the
subject under consideration at the last Session. and
pressed their confident beefthat tho Tariff would fur
ns this year, ample income for all ncedful purposes
So persuaded were 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 it docs follow that because the Tariff Of
lSi2 has furnished ye. adequate revenue, il II
therefore high protective or prohbitory to say1nf
counteractlng causes, time has not been aot M
its efficiency as revenue measure! 60
In no point view them does the Tariff 54te
infringe the Compromise Act, the idea is e5ees;
and we doubt not that in the course OF the ~