Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-01-02

lvuite pay On puoHC ueot, puI
chase much in each year of the principal shn bc
offered for sale al reasonable for the certificates 81
stock and 10 amonn, In The succession OF Yeas which
must elapsc beiors they will be fcdcemable by the
terms of The contracts, 10 suciency to pay the prnc'-
pal when the time tor redemption shall arrive.
II the government will purchase before The time lin
tied for redemption. at par, or At fixed price above
par, then the stocks will not tall below that price he
causc. ifno individual will give much to holder de
string 10 sell. such holder will apply To tho manager Of
the sinking fund 10 become the purchaser.
A sinking fund Of two million VI dollars annually 10
deemed sufficient Tor the purpose Of preventing the cor
,ticates Of stock from falling below par value, and Tor
aging the annual lDtees, and redecmng tho principal
of these leans al the respective periods assigned tor
redemption; and the duties may be graduated and lower
ed To that scale.
REVIsAL OF THE TARlrF.-The report re-
commends = "reyiew and reformation" VI tho Tariff
Act of 1912. II says
Weigh,y considerations before mentioned. and Others
he Toned In pleading for such review and
reEnrm.
The constitution Of the United States ordains that
"a duties. imposts and excuses shall bs uniform
throughout the United States" mo preferences shall
be given. by any regulation Of commerce or rsvenue to
the ports OF one State over those Of anoihe Tho act
does pupart any violation of thse provisions Of The
constitutions but the lack Of perspicuiiy and exact def
ninns in of Tho cnac,men,s Of that law give rise
different constructions by collectors Al difieren pofts
so that practically and In fact different rates OF duties
like articles have been collected at different por's ~
the States As often these differences were made
known the Secretary of the Treasury circular letters
have been the collectors 10 produce uniformity
hut such differences continually nrisag These ut
farences Of duties at the ports Of tho different States
are evils Inflicted before the subjects Of difference are
brought TO the knowledge oi the Secretary Of inc sa
sury The proper rates Of duty cannot be exar'ed a''eT
'he importer mas pau 'ae 700 INV ".' oo"1 W.
eo'os anu ''''''', ""''' W. 49," '; f. ,sJ
,ufn OF excess wncIe n's".' 'a'es y, o",e' wv"
oy law nave vee" eA ,'p =, '.'o ooe'o' r'
oo, ,o' conP.e'e 'o..Ss VI W. w" -, -,
no PROVISIONS o' 'ne e'sn,n ano e'a.tnn 'eeu""' ~
'"e "c' oee','e ''''' ''''''''s '''e' '"'' 20 .;
on pef"'ea !" operate 10 Nv !" '"e'e'e VIM '"'''s
"fa''es WIN 'o'eE" nav 'o1s, o"' su'" ,s, 70.
o.ss'.y ;" :" 'lp'''u w "". ,, .,;..,ian. -,
inc acl o' congress cannot an'os'e ''e oo's""S W
s"os's'ng 'ea,y' US oo''cco's a. ''e '"'ous p's
are mus 'e'', u" ne "'s' instance, W co'.P''" wv "
with the s,'pua'lons OF tho various '"os's'ne treaties
WIN ,o,e,en "auo"s' ""u oe's'.;"' we I'.'"o"
'a'e " guy y" we p'',''"'' ,,''.'o '" W.. W..
high duty then me secretary OF me secretary OF '"e
treasury II INVOKED 10 revise Tue "c' o' .',e eo''eo"
various ro.p's,n's on .'''s s".9eo. VI ''o ."e. VI
The act OF iofH WIN s"os's"9 ''eh'ss "A'o oee 'oo'
and as often as inc secretary OF me easu'y ""s w
c'ded upon inc complains OF inc o'P'oa'c "sen's :"
iorelgn "sn"ns' "'ner q"eso"s "aVs arse" "s poe.
'hg. " IS respectfully s"gees,e' 'na' 'he oe''e, "oue
OF 'eesaoon WOMB nc o' W" Co's'sS " u'"s"o' "o
supuaiions o' soossl'ng 'rea'es make inc e'e' " me
aci oil congress- cn"'h 10 ',e o"''ga'o's o' ,s iva
tea. 81 that me collectors shs, havea pam rue OF cor"
dhe' pres''oeo w '''e e',e' VI "c sa'"s. ' W
leaving 10 Tue co''ec'"s me responsibility " ,"o"J'"g
the statute hy 'e superior anu ''.n -, "e
treaties fast 'ac's anu eAA"Pes "'" "o '"',s"oo
Of such Modification VI tho statute, and VIII assist IN
making the reform.
II il recommended tina, tho duties on wines be chang
ed fum specsc to a yaorem duties 40 as 10 avoid any
difficulty which NAV grow gu, ofa treaty with ono ma
tim that no other or higher duties shall be imposed upon
goods or merchandise of the growth or poducis Of that
nation than are or shall be mposed upon like articles
III. orowb or produce Of any other foreign n. lion;
when Unmarried in vessel, of,be United states from
nacss If their prow,h or prodc,iop be modified a, AZ
laon by treaty thai no other or higher duties shall be
CHARGED or coecd in The pors Of The United STATES IN.
." article. ;mno,,ed in Tho vessels Of the contracting
upon Ik. articles imported in vessels Of tho United
States
So long n. the Congress shall keep within the cup
fines Of rsi.c revenue necessary for the support Of gov
eminent. to maintain the public credit and provide for
the common defence and general welfare tbs accidental
encouracemeo, and protection Of domestic manu- facures
arising out of the mode If levynp such necessary rsve
nue. by duties on Imports, mus, be deemed riglifu as
an attendant upon the exercise Of tho deega
ted power
TO reduce the rates of duties to the standard of tn.
ne orb,hv Of 'e6c,ency Of revenue is to be m.s
hov ,h n,o,cr wants NJ gov.rnmen should be avoided
The de.idera,um Is the bappy mean between those ex