Democratic banner., 1845-03-15
Mum her q.

er. and after deduciing eleven and a
half per ceut. tie expenses to the
government Of ~ceIlecting the reven-
ue, the balance in the treasury. Up
on this tax and the expense Of col.
Iecting this tax. the people pay a Sc
ries of profits compounded, being the
profits paid ro the various persons
through whose hands the foreign
merchandise passes on its way from
the ~turei.n manufacturer to the con-.
sumner in tdis country, the aggregate
Of Which is so nearly 10 redible, that
but few can be made to realize it.
In the most usual route, the mer.
chand.se on which we pay this tax
and these profits. passes from the
foreign manufacturer TO the import.
err; from the importer to the jobber:
from the jobber 10 the ST. Louis
merchant; and from the st. Louis
merchan, It the village or country
merchant; and from the village or
country merchant to the consumer;
and each makes his profit upon the
tax laid upon the foreign merchan-
dize, just as he does upon the cost Of
that merchandise, until we get to the
consumer, who makes no profits, but
pays the tax and all the profits upon
the tax, and the profits multiplied up
on tie profits upon that tax.
have heretofore estimated tie
profits upon the tax paid into the
custom house, at ten per cent 10 the
importer, twenty per cent TO the
iobber, thirty per cent to TIE st Lou
is merchant, and fifty per cent to the
village or country merchant. As
times have grown tighter, and mon,
ey scarcer and more valuable, most
men are now willing to work for
smaller wages, or else do SO from ne
cessity; and among these we may
rank the dealers in foreign mercban-
die. Then tn suit the character of
The times, let US reduce these profits
one half; that is, the profit to the i'm
porter, TO five per cent; TO the job
Der, 10 ten per cent; to the ST. Lou
is merchant, TO fifteen per cent; and
to the village or country merchant.
TO iwentyiive per cent. Now, at
these rates, let us require what tax,
OF expense, or burthen, 10y whichev-
er name it NAV be called. is imposed
upon the people Of our State, in or
der to get this 100 600 dollars into
the treasury of The United States to
be appropriated to improve White
river.
The burthens upon the people con-
sis, Of the profits paid upon the reve-
nue. and the expense of collection,
to the various persons through whose
hands the merchandise passes on its
way from the manufacturer to the
consumer. In This case the sum ask
ed is 100000 dollars and the expense
To the government of collection IL,
500 dollars, and the two sums, Ill,
500 dollars, Is tie amount upon which
the profits are paid; being, not the
entire tax, but sufficiently near it to
our purposes; and upon this
We base our calculation. The whole
tax must be paid into the custom
house before the importer is authori-
zed to sell the merchandise.
Being the first seller after the tax
is paid, the importer makes the first
profit in his sale to the jobber, and
is five per cent on Il1,5O0 dol
lars, being 5,575 dollars; and these
sums added tol ether, make the
and the profits on the tax. amount
to 1865 dollars, being the whole
cost to the jobber. The jobber
makes the nextp profit, in his sale to
The st. Louis merchant, and that is
zen per CEN on ll7,O75 dollars, be-
ng ll,707 dollars; and these two
;uns added together, make the tax
md the profits OF the tax, amount to
I2S.782 dollars, being the whole cost
the ST. Louis merchant. The St.
-nuis merchant makes the next pro-.
il in lis sale 10 the village or coun-
ny merchant, and that is fifteen per
'ent on the I9S,782 dollars, being 10.
~ dollars; and these two sums adj
led together, make the tax and pro-
lis on the tax, amount TO $4,000
berg the whole COS, 10 the
.Illage or country merchant. The
ex, profit is made by the village or
merchant in his sale to the
consumer; and that is twenty-f five per
ent on the sum oil $4,000, being 81,
"a dollars; and these two sums ad-
ed together make the tax ana pro-
Is on the tax amount to i85,I24
being the whole cost TO the
onsumer.