Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-03-14
I NO. %.

)ty imposed upon the foreign. All this
would occur under mere revenue sys.
TENS of duties, ut will be perceived
then. that revenue of 81 100000, rails.
ed by duties on fine silks, muslins, tea
and coffee. would produce only one.third
of the burdens which would result from
| The same amount of revenue raised by
duties on cotton, manufactures.
There is another reason for this dis
elimination on revenue principles. A
lower rate of duty will exclude imports
OF cotton manufactures, for which we
have domestic substitutes, than will he
required to exclude imports, for which
we have no substitutes. A duty of 40
per cent, would produce more revenue
than 90. on fine silks, muslins. tea and
coffee: but not half so much on the coar-
ser cotton manufactures. So much for
/ "a wise Discrimination -si
now beg. leave to present an est.
mate which have made, from a most
careful examinationof statistical returns.
furnished by the manufacturers them.
selves. TO the officers who took the cen,
sus OF l640, showing the aggregate bur
den imposed upon the people OF the u.
). by the protective system, as it is en-
bodledin the act of 1912. 1t is now as
certained at the Treasury, that the duty,
paying imports under that act, the first
year after its passage, amounted to on
! ly S40,O00.OOO.
There are annually. made in the Uni,
ted States, protected manufactures 20
the amount OF about $3.50. 100000. Of
these, estimate that about $8O,OO0,-
900 are now. and long have been, total.
~ prohibited by high protective duties,
and there is no standard for estimating
the burden imposed upon the people of
the U. 5. by the duties which have ex-
Guided them. / assume, however, that
$4,000. 600 of these manufactures, come
IN competition witt foreign imports. a..
| Ibe forty millions Of imports, assn
ming the duties to average 40 per cent.
will yield revenue Of $16.0O0,OOO:
while eighty millions of domestic manu-
features, with which the foreign come
IN competition. are Of course, enhanced
in the price 40 per cent, by the import
duties. What then, is the burden i'm
posed upon the country. in the shape of
bounties TO home manufactures? / do
not, say 40 per cent, because 90 per cent
on the import is an imposition of duty
Tor revenue; but all beyond that is for
| protection. and extends to at least eigh7
| ty millions of domestic manufactures, on
which tn q ,,,.satnr
m. ;iIs,,ans, rrr addition to eight millions on
the imports-making in the whole, for
| ty millions; while think it reasonable
| to infer, that the other eighty millions of
| articles totally: prohibited are enhanced in
price at least l0p per cent, that.is, Shy being
reduced in price 10 per cent, amoun-
ting to an annual burden of $8.000,00O.
Thus, in addition to the burden you inn
! pose to furnish revenue for the Govern.
ment, you impose burden of $48,000.-
600 annually for the exclusive benefit OF
the manufactu, ers. 81
Now, sir. these are what i consider
plain, practical deductions, from anthem
tic documents and elementary principles
too clear to be controverted; and fell
assured, that the burdens of the protec-
tive system are not oSef-estimated. TO
shall now proceed TO show what are
the necessities of the manufacturers, for
the enormous amount of bounties annu-
ally exported from the mass of the peo-
I pie, by the Tariff of 1912. / have
made careful calculation. showing the
annual dividends received by the varlT
GUS descriptions of manufacturers, upon
the. capital invested, and YOU will be ut
teri astonishcd when state the result
And ask your attention. while show
you the deplorabie, distressed. and im-
poverished condition of these manuiac-
turers. who came here in 1912. begging
for more bounties. And think ! shall
be able to show, that one-half of the forty
per cent. upon the whole amount of thelr
productions, witch the people of tae uni-s
ted States annually contribute, is about
the clear profit they put In their pockets,
will state the facts and principles of
my calculation, in order. that if have
lmade any mistake, or left out any. ele-
! ment in estimating. the cost of produce
ton, their friends and representatives
here may put me right ,..
The returns of lhe manufactures, con-
tanned in the census Of 1870, give the ans
nuai amount of their productions, the
number of persons employed, and the a.
mount of capital invested. will state,
my inede Of estimating their annual prof.
ITS. In cotton manufactures lhase sup
posed the raw material constituted. one
fourth Of the price of the articlal manu-.
i featured. The number of persons en-
ployed is stated by the manufacturers
themselves. have supposed, that large
and small. they received half dollar a
day as wages, or about $3.50 a, year each.
! have allowed 10 per cent. for wear
and tear Of machinery-and l presume
one with another, that is fair allowance
-and | have added one-fourth to the
permanent investment. as the circulating
capital necessary to keep each establish