The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1845-12-26

81 these principles range from one per cent 80
more than two hundred pei cent. They aEo pro.
hiolfory on sons articles, end partially 80 on
Oiiiesss end bear most heavily % arliclfs 81 Gems
mon necetgity, gnd but lightly on aEliclee Of lux.
uFys Il il 80 framed that much the greatest bur.
den which i imp06es Il thrown on labor and the
poorer classes who are eael able 70 bear IN while
I protects capital and exompis the rich from pay
ing their U.S. proportion 81 the taxation required
Tor the support Of government. While Il protects
the capiialof the wealthy manufactured, and in-
cfsaaes his pro e, does not profit the operafoFs
or laborets u bic employment. hose wages have
not been incresBed By IL. Articles Of psime cps.
SHY Or coarse quality and low price, nsed By the
nassse q the PEOPLE, are 10 many insssnees sub.
lecsed by 4 80 heavy taxes, while articles Of fner
quality and higher pIiee, OF Of luxury, which can
De used only by The opulent, ere lightly taxed. IL
inposes heavy and unjust burdens eu the farmer.
the planter, tho commercial man, and those 81 al
other pursuits except the enpaliss who has made
MS investments in manufactures All the great
interests ct the country are not, he neatly may
be practicable. equally protected BY il.
The government IN theory knows no distinction
Of persons or Glasses, and should not beRtow upon
some tavoro and privileges which ell others mas
moi enjoy. Itwas the purpose 81 rs linstnnus|
founders 70 base the institutions which they rear
ed upon the great and unehanring principles q
justice and equity, conscious that IL administered
IN the spirit IN which they we're conceived, they
would be felt only by the benehte which they dif.
fused, and would secure for themselves defence
in the hearts 81 the people, more powerful than
standing armies and all tie nleana and appliances
invented 70 sustain governments founded in injns.
tice and oppression.
The well known fat that the tariff act Of 1912
was passed By majority Of one vote IN the Sem
ate, and two in the House Of Representative, and
thar some Of tbOse who felt themselves eonstrain-
ed, under the peculiar circumstances existing al
the time, 10 vote in its favor, proclaimed its de-
IL,
lite modification on the first opportunity. afioTds
strong and conclusive evidence that il was not IN
tended TO be permanent, and o. the expedienCy
and necessity Of thogongh revision.
In recommending @ Congress = reduction Of
the present rates Of duty, and revision and mod.
ifcation Of the acts Of l842, am far from enter
tanning opinions unfriendly 20 the manufacturer
porous, &c far as they can be 90, without imposing
unequal burdens on other interests. Tho advan-
tage under any system OF indirect taxation, even
within the revenue standard, must be in favor Of
the manufacturing interests; and Of this no other
interest win complain.
recommend TO Congress the abolition Of the
minimum principle, or assumed, arbitrary, and
false values, and of specific duties, and the 6ubst-
tuition in their place of ad ValOrem duties, as the
fairest and NEST equitable indirect tax which can
be imposed. BY the ad valorem principle, ell ar
ticies are taxed according TO their cost value.
ana tnoee which are Of INFERIOR Qu0ltys OF OIL Blali
cost, bear only the just proportion Of the tax with
those which of superior quality greater cost
The articles consumed by oil are taxed 81 the
same rate. A system Of ad yaloTem revenue dii-
ties, with proper determinations and proper guardt
against frauds in collecting them, ii is not doubt.
Ted, will afford ample incidental advantages 10 the
manufacturers, and enable them 70 derive as great
profits as can be derived from any other regular
business. Il s believed that such system, strict
~ within tho revenue standard, VIII pace lhs
Il manufacturing interests q stable looting, ans
i innre 10 their permanent advantage while il vi
IS nearlyas may Be practicable, extend to 81 j.
great interests Of the country the Incidental pro
Election which can be afforded BY our Fevenu,
flaws. Such system, when once firmly estab
II llehed, would be permanent, aud not be subject 4
the constant complaints agitaiions, and change
i which must ever occur, when duties are moi lat,
icF revenue, but for the 'prOtectOn merely'' Of !
favored interest.
10 the deliberations Of Congress on thissabieci
itis hoped that spirit Of mutual concession an,
compromise between conflicting interests may b
crowned with the happiest consequences.
BY the Constitution Of the United States
1t is provided, that no money shall be
drawn from the Treasury but in conse-
qience Of appropriations made BY law" A
public treasury was undoubtedly contem.
slated and intended to be created, in which
the public money should be kept from the
period Of collection until needed for public
uses. In the collection and disbursement
Il ofthe public money no agencies have ever
been employed hY law, except such as were
appointed by the government, directly res
ponsible to il, and under its control. The
safe keeping Of the public money should be
i, confined to d public treasury created By
/ law, and under like responsibility and con.
4 troll. II Is not to be imagined that the FRA.
mers of the Constitution could have intend
ed that atreasury should be created as a
place Of deposit and safe keeping ofthe pub.
lie money which was irresponsible TO the
i government. The first Congress under
! the Constitution, BIZ the act 0flhe End Sep.
). TENDER, 1889, 8 To establish the Treasury
I Department, provided for the appointment
Of . treasurer, and made il his duty 8 to re.
celye and keep the moneys Of tie United
States, and eat all times to submit 70 The
Secretary 81 the Treasury sand the Comp.
troller, or either ofthem, the inspection 81
the monies il his hands,
The banks. national Or state, could MOI
have been intended to be used IS j substi.
lute lor the treasury spoken Of he cons
stisution, as keepers Of the pu money,
IS manifest from the lact ths e time
there was no national bant and three
Of four state banks 81 limilsd capi exist.
ed IN the country. Their employu ent as
repositories was first resorted 70, toe lin.
tied extent, but with no avowed intention
Of continuing them permanently IN place
OF the treasury Of the constitution. When
they were afterwards from Time to time en-.
pleyed, i was from motives 81 supposed con.
veniences
Our experience has shown, that when
banking corporations have been the keep.
ers Of the public money. and been thereby
made d effect The treasury the government
can have 10 guaranty thar can command
the use Of its own rloaeg or p0blic purpo.