Democratic banner., 1846-06-13

""' pap ihHieIiS i'HoiiSIi'G 1T dSii'
1 ington, by Harris & Heart. It suits oul
!o":. ]no';ams Of d tariff so we'll that we liav,
t determined to ~rc-lublisA 1t.
RI REVENUE TARIFF.
:. We have great l~leasrIc in calling the
especial attention Of our readers to the al
,ticie commenced in o~Hrlact, aud cnnclrdcd
lin tfn> paper: extracted from Hunts Mer-
Grant Magazine, and headed .'NEatis y
%ltercnHc IarifT?: Who pays the Euty:?"-
We are rejoiccd {" see a question Of this
nature, OF such eminent Importance to the
people, discussed i'll the calm, philosophical
spirit exhibited BY this articIe-Giscussed
as a momentOrs questiDnof political econo-
my, deserving cf calw, diSpassionate exam
maiIon. Such an examination i.as il r~ccciv-
ed IN this article, and Ike pleasure with
which VIC commend it to our rca,icrs, is
heightened BY tie fact Of lis coming from
the quarter which it does-writtcn BY a cit
zen of New York, and appearing in tic
Merchants Magazine, Il journal of HIGH
claims to impartiality and ability, wI.usc
columns we arc gratiIicd t. see occupied BY
such articles.
The writer first defines a revenue tariff,
almost in WORDS, certainly in spirit, exactly
as MIR. McDuIlic defines it in his letter OF
the 9th Sept. last. That definition. which
We desire nkcrp constaniiy before tie pub
!ic, is that "a rcycnue tariff is the lowest
rat" OF duty upon every foreign import that
will raise the required amount Of rcvc-
nue."
Tie article to which we call attention de-
it morc particularly rs follows:
LIST. a revenue tara is one in which the
rates of duty arc Tie lowest that will pro-
luce tie amount of revenue required. :
I'd. \ duty must be laid upon all imports
that will hear duty, without prohibiting
the importation.
The writer ti:rn proceeds to Illustrate
Nth much c!carncss, and great ati.itv;
most forcibiy the difference be-
tween raising 4 revenue by low duties which
encourage importation, and raising tie same
amount Of rc;crrc by high duties which
s'.a!l discourage and prevent i:npurtrtirnS;
Last being Il protccti," tAr;T, and giving
'.ornty To the lone manufacturer. 1t
Ia" close Of this port;cn ni his argument, he
and truly. that tbs lounty '.dorS not
'rnr:it labor in any department Of Iindustry.
'ut is rather Il tan upon tic labor 10 swell
h" profits "ft!,c capitalist. 1t may MT ben
1T industry il any of It's branches, hut il in
'rcas"s the profits OF tie monryeG capitaI
nvcSt"din 4; &" production of Tie Ecmc RI
icirP'otcctcd.'
We consider this :: .~trlncnt Il most impor-
.tat on". because Il is tric. but ii the Slmt
inc seldom referred 10. lis trut!I, kowry-
7, mav be ,viEc"d by as;a;"m"nt Of i f.~:
simple int and principles w.i:h wrwi!l APP
ICud.
lst. IL" wages OF labor consist in the a.
nG"l; Is ncc"SSarics, comforts, and luIu-
ir> which the mcncycd wages will cn:n- ,
= ,md. il
I'd. The Object of arrolcclivc tariff is TO
;"cp out cheap goods, 50 that the Lomc' 5
manufacturer can obtain a higher price for
is ynnd<. =
81. As thcsr protected goods enter into i
':c list OF ne >~SSaric<, comforts or Injuries.
nd are ti.aS raised in price by TIE opera
ion OF the tariff, Tie effect is to cause tie
abOrcr 10 receive a smaller portion III re- ,
urn for IT," samr quantity of Lis lator. 4
.ttil. The necessary results cf this is, that |
he only panty who is benefited is the mon t.
y"d capitalist, who * enabled to sell tAe
protected at Il higher price than he Il
could. C
9Th. The supply Of lahorin ills country, !
II consequence of the immense quantity of |
Grille unoccupied lands which we possess, :,
: always below TIE demand; and, AS a ne
'essrry consequence, TIE wages Of labor ;
Tie amount Of nccrss.ries. comforts, and q
~Ixurics which it can cD:nm%nd) ar" mIcii &,
ii%Itr in tie United States t::an they are 4
II tie old denstly settled countries Of Em- 7
Opc. Tins is crincrd to tn" mast Hnoh-T
eye. by Il! mcst curScIy cNamina- ;
;an of Il e condition of the people i'll tbs, l
ii, my OF .cr cnLrtry. =,
Gtn. &c necc ssarv I'd inevitah!e conse- ,
Iucnce of tie protective tariff system, be- '
q" thus proved to bc reduction Of wages, !
)r of the amount of comforts, nccess.flc&, I
md Injuries which tie same quantity oi Ia
or will commend, it necessarily results
hat lie continuance cf tbs so-cdlied rro-i
cc::ve system is "a tax upon laLor to swell I
nc profits of the capitalists" and further, $