Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-02-13

v;s,s IN ,be whole civilized world, even u al P'o
i've duties were repealed Yet we nave ' " hv
- 80 s,bm;t 10 this system OF uneqal taxauoh' ~
'.h;oh mo whole manufacturing interest is not o"',
arco,,ed from taxes but receive enormous oou". :,
bv means of the duties imposed Tor revenue. III r
c IN the face of all this that s'atesmf" g'Ate'y ~ nj
revenue duties, with n wise osc'' - i NV
domssic manufacturers no" propose ~ '"p w.
49, f q, ,,se di,crminat on! 1t seems TO Or :"
,e,y ,rpvalina idea that The South ins's's upon Wv.
sv.iem Of horI znnial duties. Now, o'f, '''s 10 49,!
,s,t mistake Formyself, INSIST that -
90 nro,,r and necessary, with reference Strictly "
az p,t,;ns or revenue Ia my opinion, two k'nos
of determination belong properly TO our System "
,ey.nue The first is, u impose Inc h'g".s' '' ~
| du,ips unon those imports when VIII y'elu d s
,,,ount Of revenue with the least nuIueh " '"e
ole The second is, to impose 'e ''e"es, ,hs
| ~ .,,;c,ss consumed by The wealthy, and the
| ,at uoon those consumed by the poor. NOW, GU
tho s,mnle anacaon of those two PrincPies-the Ju
ire and noLcy Of which would seem to De almost sen
evidant-woud reverse the "ho'e systtin VI yo"I
,I.,,op an ,bs subject. For whereas you lay "n'y
"a nor cen on coarse fabrics, and only 80 per cent
=, the finer qualities, would impose duty OF - PEI
cn, On the more costly iabrics, ana ohy ID uPo" Wv
inC,;or oua,iies This would be d discrimination l"a'
lid ;nc,aoss revenue, and al the same time diminish
| tho burdens oi the poor ins'eau u '"''e"''"s "
ties Of the rich. ., ,: :, Wow
.h ia,,es, revenue with the leas: burden requires
,h,, lower rate Of duty should be imposed upon '
ties which come IN cOmpeliOH WIZ"
tomss,,c manufacturers than upon articles the IKE ."
: ,:oh ,,a not produced in the United States f'he
Iii sne n,slins TIA and coffee, are commodities mol
."d,rsd N The United States. II you impose duty
If % nor cent on twenty millions ci these imports, "
Ill ~ IA revenue of 81 900 900, and impose just 'ha'
80 w. and M more upon the people But u you
;osn . dnlv or twenty per cent. on twenty m''iohs
If cotton manufacturers, you raise tne same ANVIL" ,n
(S4 900 Q0O) Of revenue. nnd impose ou'ue" :"
00O 400 on the people This results from 'he 'ac' wa.
I IN nnTa rtnr9S
ore two dollars worth OF domestic manufactures
f which the price is enhanced twenty per cent ny
the duty imposed upon the foreign All 'h's "oulu
,ccur under mere revenue system of duties ~ WIN
M nc rceyrd them that revenue Of 81 ,OUVOoo ra'ssu
h au,,os on tine silks musns, tea and coiiee, wouiu
,doo onv one third of the burden which would re-
uIt from the same amount Of revenue raised py ou-
Ines on cotton III lnuactures.
There another for this discrimination, on re-
venn. pr,ncipes a lower rate of duty will exclude
im,or,s OF cotton manufactures, for which we nave
domestic substitutes, than will be required to excud.
imports for which We have no substitutes uuty OF
forty per cent, would produce more revenue ina"
twenty on fine silks, mnslns, tea and coffee but NOT
half so much on the coarser cotton manufactures. 0o
much for "a wise discrimination.
| now beg leave 10 present an estimate when nave
made from most careful examination OF statistical re-
turns furnished by the manufacturers themselves, 10
the officers who took the Of 1910, showing the
aggregate burden imposed upon the people oil the " q
by the protective system, as IL Is
1912 II is now ascertained at the Treasury that Tue
duty paying imports under that act the first year alter
It's passage, amounted u only S1O,O00ooo
There are annually made in the IT, States, protected
manufactures to the amount OF about Slo0oooooo' vi
these estimate that about 900 are now, and
long have been, totally prohibited by high protective
duties: and there is 10 standard for estimating the
burden imposed upon The people OF The u D oy Inc
duties which have excluded them. assume, however
that 600 000 of these manufactures, come IN com
petition with foreign imports.
The forty millions OF imports, assuming the dules ="
average forty per cent, will yield a revenue OF Slo
Geo coo; while eighty millions OF domestic manniae
lures with which the foreign come IN competition, are
OF course enhanced in the price 40 per cent, oy The
nport duties. What then, is the burden imposed up
on the country the shape of bountIes to home ma
nuactures: | do not say 40 per cent because ~ per
cent on the import imposition OF duty Tor reve-
nue.: but all beyond that is for protection, ana extenhs
to at least eighty millions of domestic manufactures, on
winch the protective duty is hrtyt~o miilions III nd
d.ton to eight millions the lmporls--nakinE, IN Inc
whole forty millions; while think 1t reasonable 10 IN
fer that the other eighty millions ct articles otay
prohibited enhanced IN price Mt least ~ per cent
that is by reduced duties, they would be reduced III
price 10 per cent amounting 10 an annual burden oil
IS 600 900 Thus in addition to the burden you M
bose u furnish for the Government, you I'M
nose burden of $4,000 900 annually Tor the e1clu-
sive benefit of the manufacturers.
Now Sir the Sc are what consider plain, practical
deductions from authentic documents and elementary
principles loo clear 10 be controversies and feel as
sured thai The burdens Of the protective system are
not over-estimaied
| shall now proceed TO show what are the necfs>-
ties of the manufacturers for the enormous amount oil
boun,ies annually ported from the mass OF the pen
ME Ly the Tariff of lSso | have made careful cal
| cua,ion showing the annual dividends received by
The various descriptions OF manufacturers, upon the ca
pia invested and you will be utterly ns'onsheu VINE"
I steie the r.srlt And ask your attenuoa, while
show you the dep.ora5le distressed, and Impoverished
condt on Of these manufacturers, who came mere IN
Isle begging FOR more bount'es. And think shall
he mile 10 show that half Of the forty per cent
nnon III, whole amount Of their productions, winch
,ha ,eon,p Of the United States annually contribute Is
abon; the clear profit they put in their pockets VIII
state The facts and principles Of my calcuieon' IN ar
der ,I,a if have made any mistake, or lett out any
element in estimating the cost OF production, ihe'f
friends aud representatives, here may pnt me Igbl
The returns of the manufacturers contained III Tue
census of 1870 give the annual amount OF he'l pro
duct,ons the number OF persons employed, ana we
amount of capital invested | will state my mode OF
estimating their annual profits In cotton mannac
I,ures have supposed the law material constituted
oue fourth of the price OF the article Manufactured
The number Of persons employed IS stated ny me
manu- lacturcrs themselves. | have supposed, mat
large and small, They received hall dollar Gay as
esnaes or about Sl30 year each. have allowed ten
nor cent for wear and tear Of machinery-and pre-
snme, one with another, that s a TAR allowance-nnd
have added onenurth 10 the permanent Investment,
as the circulating capital necessary to keep each esao-
shment in operation will now state the results -
The manufacturers Of cotton in MASSACHUSETTS, are
now realizing average profit OF thlrty-h per cent
per annum On The capital nvested-permanent ana
circulating. But have been informed, That some OF
these manufacturers have actually divided forty per
cent. The cotton manufacturers oil MASSACHUSETTS,,
however, realize larger profits than any others-ihe
general average in all the States not exceeding twenty
nne per cert The prof, on woollen manufactures,
esimang the m material half the cost OF ma
nuacure, is twenIy-nine per cent on the capital =
The profit cast and rolled iron land want the al
IGNITION of my friend from Pennsylvania to what
State,) - "a per cent on the invested capha' j ne
number OF Of iron annually oduced, is stated IN
the returns, bu; moi the value; and nave assumed m
nv calcuat on that 1t worth the frs cost o' English
IRON, with The duty added, making about two cents
pound
+ Tilr buchanan, from h's seat said great many of
them have topped within tie lis;,wo years, nol"i'h
standing
That (sad Mr. Med J is certainly distressing; but
f they have long received dividends OF 81 per cent
they can well afford 10 stop.
On salt, The prois The capital invested amount to
90 per cent; but the salt works IN Virginia, the re-