The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-06

before the House Of the present tariff bill
for alterations Mr. Rhett from South Carolina intro
duced resolution instructing the Committee OF ways
and Means to report bill reducing all duties 80 per
to that amount and in two years all duties to 20 per
cent with determinations only in favor Of revenue The
vote excited considerable interest and resulted in 81
ayes to il2 Mr. Black of Georgia, introduced a
similar resolution upon which the ayes stood 49, to 81
nays These movements made by the most ultra po-
ltical hacks who making all the political capital out
of the subject possible. The votes taken the question
amount to nothing many of both parties taking
part in the movement The result Of the agitation oil
the subject, shows determination the part OF Con-
gress to patiently wait the report of the Committee oil
Ways and Means, which will be the proper time to dis
cuss the question This committee will undoubtedly
present very elaborate report proposing alterations ana
notifications, covering the existing defects in the arn
bill now in force for the purpose OF realizing suhcen
from to not only meet the annual ex-
penses of the General Government but to provide for the
gradual extinction Of the public debt The modelling OF
the tariff for series of years been performed by spe
cuatng politicians whose regard for the interests
Of the country very slight when compared with
their individual aggrandizement Strong sectional
preudces have had powerful secondary effect and last
of ALL the welfare fhe country and the wish to provide
for the purpose of conducting the admnisa
Auenced very few The effect of these various influences
has been continual changes in the tarif-at time
high protective rates. and at another just the
The effect has been just contrary to that intended by
many and in instance has the result of any par
tcuar tariff met the wishes expectations of those
gagged in its creation. When the tariff protective
great extent it failed to provide sufficient revenue and
the other extreme produced similar effect The only
true standard to adopt is tariff principally for revenue
eress require for short time longer The manufacturing
interests and all those other great interests of the Union
hat have heretofore been the standing arguments used
for the policy of protection longer require the aid OF
the government In all the different tariffs the manufac
urers have been nomnay protected but the protection
injurious than otherwise. They have reached
their present prosperous position by perseverance and
the judcious employment of immense capitals. The
tariffs have been fuctuang that any calculation upon
their permanency was complete speculation The
immense amount invested in these pursuits is
the principal cause of its The most
powerful thing the manufacturers had to contend
against twas the state of the currency The value of mo-
ney has been much higher in this country than any
other that production could not keep pace with that ola
heEuropean nations The been without except
ton the greatest drawback the of all nte
rests in this country, of any all the other
of government parties combined There is soil
ary instance record the depression of any
suit that cannot be directly traced the operations the
currency by the banks The particular policy Of the par
y in power the peculiartes of the existing tariff the
rous causes that affect productions Of the SOIL have all
their proportion of influence, but they triaes when
placed in the scales with the hundreds of banks spread
over the whole Union, without check and without
stran These institutions the first great of all
the evils that the people of this country have suffered
They have the effect throughout the world produ
cling ruin and destruction wherever they exist The
pansons Of the currency that the existence of banks
riably produces and the consequent of inflated
paper circulation have heretofore worked to the in
jury of the manufacturers Of this country than all the
tariffs have had 1t is not in consequence Of the
protective features of the present tariff that manuac
turers compete with those of Great Britain her
markets. in those of the Mediterranean or the East In
dies because to admit that was would be admitting
that our tariff raised the cost ofmanufacturng English
RIGS, decreased the price Of producing own The
revolution has little to do with the tariff but every thing
to do with the currency Starting from the point
with equal facilities in every way the manufacturers
this country successfully compete with the world
the most distant market The only obstacle that stoodii
way the only barrier has been removed and nothing
prevents the accomplishment Of this result The value
currency is par with those of Europe ou
| agricultural productions cheap; operative
more capable because better paida position une
qualled; unlimied industry and inge
nuy proverbia With all these elements the manufac-
ture of the United States ask protection-they
qure none This being the case, there is argument
left why the tariff should be but incidentally protective
The primary object is revenue and the duties be dis
tribued as ITO fall equally possible large proper
ton of the imports and lightly possible, consistent
with the object in view those articles imported used
food by all classes Tea and coffee and many other art
cles largely imported and admitted free, would bear
small duty which would go far towards producing thu