The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1846-08-15

rise over the head OF the rest of society II
, wealth; aud he, and he only, with the foreign
en-, VIII be nided. But sir, do not believe il
these great pretended profits of the mann
, ihcturers lfthis be so, il is n business opel
10 all, and competition will soon, ifit has no
already, reduce all profits To their prope
level. This is, however all very eXtraordf
, nary objection. The Secretary insists, thu
the manufacturer is following n business
whichis very profitable, aud that is urged al
n reason for this Government TO take such I
course ofpolicy as will destroy this profitable
business in this country, that all may be com
PEELED to pursue some buness that is unprof
luble. Isit 10 he understood, that this bust
ness il so profitable that no American mus
pursue it,but il must be done by Englshner
in Engand,and they must have all the profits!
Is the envy and maignity of the community
TO be excited against all their own tellow-citi-
zen whose Industry is successful, and such a
course OF policy to be taken, as will give tha,
success exclusively TO the foreigner? Will
ing to give our market exclusively to the for
eiGnermd submit TO pay him amy price his
cupidy may demand hut unwilling that our
fellow citizens should have any share in the
same This may be esteemed patriotic feel
ing and policy by others, but l cannot so un-
JlcrStaud it. ...#
While the existing tariff, is pro-
tective tariff, yet it yields the proper
umouut of revenue. 1t certainly, then,
does not require to he superseded by any
new Law in order 10 procure the necessary or
binary revenue, and all pretence of thai kind
| is but pre'ence. The Secretary, however, es-
| tHlhteS and reports, that by u reduction of du-
! ties we are 10 have an increase ofrevGnue, and
seems TO think this bill ifadopted, will fur
nish the Treasury as much money us the tara
3 pt' = mr. Ia ,riN- no
no data on which his opinion is foundcd.-
There is in his report, and his recent report
10 the Senate, great amount OF Cyphrtng,
and an imposing display of figures and tabu-
lar exhibitions, but they are mostly founded on
suppOSt,on. Il strongly reminds us Of the
story of a certain stage driver who was hlsily
engaged in chalkng figures on the hearth,
aud when asked what he was doing, replied,
that he was cyphr'ng out how many passcli-
gers he was 10 have 10y the next stage.
wish ROW 10 present certain facts. taken
from the returns of the past year in the
Treasury department, as to orr importaiions,
and the duties arising there!om, which seem
to me very conchslvCly to slow that the pro-
posed bill cannot furnish the ordinary reveu-
ne to the Treasury. The present tariff pro-
dUced, 10y duties on importaIions,a gross rev
enue otthirty millions last year, being about
tweutN-Seven millions when the expenses OF
collection. &c, were all paid. Now, it must
be borne in mind, that all the amount will he
needed and the Secretary in no place denies
that. There are six articles IN our tariff from
which more than two-hirds of the whole rev
enuc is derived. tThis is so ia the English
tariff, where the great body otreveuue is de-
rived from eight artcIes,) Those six articles
are won!ens cotlonS sugars ,iuCluding moIus-
Sos. silk spirits, and non, with its uauutac-
I IL. +.
ed, last ycpr in all the aggregate of 81 ,S6O,- I
i92 dollars, and there was derived from them
500, GSj, 03J Otthc whole gross revenue, being /
over rYo-il'ds of the whole.
Should the present hill pass, and Ihcrchy Il
.rcai part of the business of the country !
should be derauced and rcmodeIled, it would /
probably not improve the condition of the /
people so as to enable them to buy and Use |
more tluu before. But even il no couvulsoE /
or depression should follow, and our people |
should import. and use the same amount RS
last venr, then, at the rate of duty provided in
This bin, there would he falling of in the
revenue, receN cable on these six articles, the
sum of ), 662, I39 dollars in every year. IN
order, then, 10 bring up bis deficiency, there
must he n greatly increased importation of
these articles. At the rates of duty provided
IN tins bill, in order to produce the required
mount realized last year ofwoollens. of which
there was imported last year l0,61S,3S7 dol
lars worth, there must next year be an impor-
ialion OF 12,6l3.073 dollars. OF mauufac-
lures ofcolton, of which there was last year
Imported 1865, 800 dollars, there must next
year he imported 20,456,20S dollars. Oftor-
eigu distilled spirits, ofwhich there was last
year imported 1872, 100 dollars, there must
next year he imported 2,1S0,577 dollars. OF
the whole six articles, of which there was
last year nm importation ofan aggregate OF
81 SEQ, 492 dollars there must be next year
69,604, l22 dollars; being an increase of the
importation, of these six articles only, of H.
743,632 dollars. From view of these facts,
we naturally Inquire, how can j: reasonably be
expected that our people will actually and an
nualiy hereafter import, buy,pay ior,and con-
suue, year by year,the enormous sum of over
seventeen millions and half of dollars, of
these six articles. more than they now do;and
a corresponding increase of all other impor
tations in the same ratio? Yet this seems to
bethe expectation of the Secretary. The
next question which naturally arises is,
if this enormous additional amount is TO
be annually imported, hour is 1t TO be paid for?
Sir, ifitis ever paid for,it must he Il, specie.
England will take of Ills none of our products,
but TO supply what she cannot furnish and
cannot buy cheaper ofohers. That she does
now, and no more. urspecie thus drained
of, and our banks thereby shut, our whole
currency becomes deranged and baseless,and
all the necessary and well known distresses
follow. Such has heretofore been the con-
as shall hereafter have occasion
to show, and such it probably must be again.
But it is said that the repeal ofthe English
corn laws will increase our expectation, and
so we may pay for the increased quantity of
English goods. That, sir, think an entire
delusion. have not time nows fully to ex-