Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1846-07-25

Mr. g. had said that the effect of the proposed legislation
would he to strike down the nearly one-ha He
would present instances by way Of illustration He
would take example the article OF iron. 1t
protecting duty of seventy per The Secretary
proposed TO reduce It's protection TO thirty per cent Why
What for Why, to increase the WE'LL how was
the Sc, rotary going manage TO increase the revenue oil
the county by reducing The IRON duty from seventy six to
thirty per cent In order to get the amount Of re-
venue from this article that got now, il obvious
must import more than double the present amount.
But how the Secretary going to do this He had
magic power increase The consumption Of iron in the Uni
ted States and the effect Of his policy, instead of increasing,
went to destroy consumption by destroying the ability Of the
people to consume yet unless be doubled consumption hs
could not command the present amount OF dy far ess lii.
it, Why, then, did he Want reduce the duties to
thirty per echt What was il fort What object did he
wish 70 obtain The OH, ,c. nc would obtain (and that
seemed to be his wish) employ absees TO the de-
sucion oil our own aborers. This must be Jbe ipeyas
effect Of bis scheme 81 reducing duties The Secretary told
Us in his report that he expected bring in two millions Of
dollars from the importation Of ron Now, Mr. p under
took to that if the bill reduced the iron duty TO thirty
cent instead Of increasing the that article, there
would be falling Oft of two millions. He put himself OH
the result and experience would soon show that he was
right And was this the great Of the Admin
sraton Instead of increasing the bill would reduce the
iron fifty cent The Secretary tells that
duable imports hundred and mllions say
hundred millions the present duties, he says average
80 40 cents say hry-hee per cent and he ptoPoses
to reduce the TO twenty, say twenty two per cent one
third OFF then is manifest that TO get the reveDne ne
receives, he add fifty millions our imports he
must have hundred and fifty instead of one hundred mil
lions of imports Well he would ask the Secretary and the
Chancellor of the Exchequer (Mr MrKAr,) why send fifty
millions of dollars cut of the country TO buy foreign goods
without thereby increasing the revenue one cent The only
effect to increase the burdens Of the country hty mil
lions. Now pay hundred millions to foreigners and
twenty of Government-one hundred and
twcnyseven millions Of dollars. By this bill will pay one
hundred and fifty millions to foreigners AMI tSeny-sesen MIL
lions TO Governme making hundred and seventy seven
millions just fifty than the people pay and why
To favor foreigners and destroy American labor That was
the effect and the only effect Of this You cannot
increase consumption and Of you must destroy nifty
millions of your home supply make room for this
fifty millions oincfeased foreign imports II was system OF
absurdty, and system of destruction.
But gentlemen were in love with the scheme and the party
had ordained that should be tried Eet its advocates 60
home and tell the shoemakers ard carpenters and black
smiths and tanners and hates that they ad voted 10 take ~
per cent off those articles which the products 81 their
labor Tell the shoemakeTs that the Secretary the lreasu
~ proposed bring into the country hundred and fifty
thousand dollars worth Of shoes for the purpose OF IN
creasng the revenues but that the real effect would be 70 re-
duce the when these honest and hard working
asked their representatives why they voted for such
scheme their only must be- to break up your labor
Let them go into their districts and tell the haers that the
Secretary intended to bring In fifty thousand dollars more q
foreign hats Tell the backsnhs that Mr. Walker intended
to bring two hundred thousand dollars worth OF IRON man
uactures Go and tell the taos that he intended IN Ike
manner bring hundred thousand dollars worth more
of cohng reducing the protection on that article
from fifty down thirty per cent, and let them understand
that the fruit of this reform would be to reduce the revenue
and reduce the price of their work twenty per cent, TO throw
mutudes of them of employment and to supply the place
Of their labor in the market by the labor Of English and French
shoenakes English haers English blacksmhs, and Eng
ih talors, and how it probable these men would be
pleased and what of to certain gen
enien, how was II likely they would vote good deal Of
restlessncss here manifested Mr. y said he knew 1t
unpleasant topic in certain quarters but what ne
said true, and gentlemen would find it to be true he
warned them remember his words that sure as they
revenue destroy the country. and destroy their party and
If the last the only conequence he would not regret it
il would be godsend to the country. He told them before
hand they would not have money to pay the ordinary
of the Government let alone the expenses OF the war
Mr. s. willing to risk all he had in the world on
the correctness of this prediction Let gentlemen carry
out their ad valorem tariff, their subtreasury bill, and
their warchousng system, and hy would not get next year
half the revenue that they got hisnot hallmark the
prediction Yet their scheme called measure,
but in truth system 10 encourage fraud and perjury,
TO cheat the Government Of revenues and the farmers OF their
Market and labor of It's employment and industry OF Its gust
and fair rewards
And here Mr. s. would take the liberty of suggesting to
the chairman OF the Committee Of Ways and Means the
practical contrast between the sliding scale Of Sir X Feels
bill and the ad valoem scale of the tariff bill by the
bill of Sir r. Peel wheh prices down. tue scale OF duues
up and when prices up the scale of duties ran down
but the scale Of the chamans bill worked in mannet dr.
rect the Of this When the price abroad ran down.
the duty down and when the price up the duty ran
up with it. sir Roberts scale prevented fluctuations OF price,
and the committees promoted it,
Mr. JOSEPH r. INGERSOLL begged Mr.. s. to call it
the Secretarys SCALE and the scale OF the Committee OF
Ways and Means. II was the Secretays bill, and no
body else's.
Mr. STEWART resuming, said come the bill from where
might would give the aborer protection when he did not
protection and would take il away from him when ne
wanted it the When the price of his labor was high
foreign goods would be kept out by ahgh duty but when the
price hs labor low foreign goods would be let IN upon
him by propoonably low duty. When iron, for example,
sunk down twenty -four dollars ton, and OF course
you'd be largely imported then the duty was but seven and
half dollars when iron fifty dollars ton, and could
be imported then the duty fifteen dollars such
the pracca operation this ad vaorem system BESIDES
il system Of frauds and perfumes, ny which dishonest
foreigners enabled destroy and drive out OF business
every honest American importer Could any man deny the
truth Of this Why them destroy the present admirable ta-
riff; that had worked well, and adopt such miserable and
ckey system as this Why destroy tariff that had paid
since s42 inclusive less than S34 307 224 OF the prnc
pal Of your public debt and leaving in your Iea-
sury on the first Of July, ls45, balance of $76bs3O6;
which, added the above gives surplus over and
above the ordinary expenditures of Sal 965, 520 derived from
the tariff S42 including the payments OF that This
he stated from official annual Treasury reports Of ls43 page
81 Of 1884, page TO- and Of ls45, page 25 Yet this Tariff
which had yielded this large surplus is to be destroyed the
midst Of war and, instead OF doubling the duties as was
done during the last war, it proposed to reduce them
one third
Mr. s. said he had risen this morning unexpectedly. he
had intended to make Speech and had already said more
than he had intended He opposed to this appropriation
and should vote for the amendment proposed by the gentleman