Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1846-07-09
THE TARIFF OF 1912.

Dill rs TO cease on Thursday. 1t viii soon be tested
therefore, whether the Tariff of 1872 so far as the
vote of the House goes, is to stand or fall
There are two main purposes preferred by the
advocates of the new bill as contemplated in the
proposed notifications Of the Tariff system. One
is to overthrow the principle Of protection and this
is the tavoritc object Of the Southern portion of the
party in power. The other is an increase OF
revenue.
To unite the two purposes of revenue and pro-
lection is practical thing the operation Of the
present tariff demonstrates Whether large re-
venue can be combined with non protection is 4
problem which was not demonstrated when Mr.
VAN buren, made experiments that way, and
which it is not likely that the existing administra-
ton will be able satisfactorily to solve.
Yet an increase of revenue is now placed in the
foreground as the chief thing for which the Tariff
of 1912 is TO be cut down. The overthrow of pro
lection, which is the real object, is kept less prom-
nently in view.
AS one of the adiuncts of the new revenue scheme
warehousing system is to be introduced. The
Secretary Of the Treasury estimates from this a
special revenue Of one million of dollars How this
is to be realized we do not know-unless it is sup
posed that the Government will derive profit to that
amount from the fees Of storage goods in bond
The subioined passage from Mr.. PoLLocK's speech
in the House of Representatives, on Saturday, gives
an intimaton that the storage fees are to o to the
State where the goods are imported-in which case
1t is difficult to perceive how the Government is to
draw any revenue whatever from the warehousing
system. 1t may be that Mr.. WALKER supposes
that the facilities WHICH the system offers to impor
tiers will increase the importations to an extent suf
cient 10 add additional million to the Treasury
But we will quote Mr. Pollock:
''The warehousing system! What was it? It
only extended the system of credit, and nothing
could have been more ingenously devised to effect
the certain prOstration of every manufacturer i'm the
country. What did it provide? That the British
importer might bring into the country goods to the
amount Of millions, and lay them up in warehouses
free OF cost (eXcept the fee until he saw such
a depressed state OF our market would suit his
purpose lie did not pay any duties till the goods
| were taken out OF store and waiting and watching
for !; crisis In our market, he might at once throw
In the total amount that he had been boarding I'M
against such emergency, and thus accelerate and
secure the ruin of every manufacturing establish
ment In the country. British capital could well
afford to make such sacrifice and the warehous-
ing system seemed as though it had been devised to
furnish them with the opportunity. The question
was one OF common sense. Would three years cred
1t, or six years credit paying duties produce an in
crease of the revenue? Surprising millions of Bri-
fish goods should be in warehouses in the cty of n
York fer three years to come, the Government would
not get upon them single dollar. They must nav
the warehouse fees, and these they would pay TO
the State of New York, but not one dollar of duty
would come into the United States Treasury. Nor
must the duties ultimately be paid; for the whole
of these goods might be reshipped at pleasure
How was this TO augment the revenue or provide
for the expenses of the war2''
The decision Of the House on the reduced tariff
bill is yet involved we believe, in some uncertainty.
1t Is supposed that it will be determined by few
votes only, one way or the other Yet if the over
throw OF the present tariff is resolved on as party
measure, the chances, we fear are against It's pre-
servation. There will be found modes of bringing
over the doubtful and the hesitating We take
another extract from Mr.. PoLLocK's speech illus
trative OF the manner in which Pennsylvania was
kept in the ranks before the Presidential election
the means to be used for ensuring fidelity after the
election must be somewhat different:
although by his speeches and his votes Mr.
Polk had manifested eternal and irreconcable hos
| hty to the protective system, and although in his
own State of Tennessee he declared himself deci-
dedly hostile to the tariff Of 1912, and his political
friends there openly advocated his election on the
ground that he was thus hostile, and every where
published that he was a fTee-trade man yet in
Pennsylvania they held language directly the re-
verse, and the issue placed on the alleged fact
that MIR. Polk was in favor of the tariff of 1912
and that in his hands it would be safer than i'm those
OF Mr.. Clay, because Mr.. Polk was as good and
even better tariff man than Mr.. Clay Mr.. P's.
Democratic colleagues had in that canvass express
ly said SO. He did not accuse them with an inten-
ton to deceive. Charity demanded that he should
conclude they had been themselves deceived Mr.
r. had personally attended large public meeting
In his portion OF the State, and had heard that
assembly addressed by Pennsylvania talented and
lavorte son. James Buchanan. The assemblage
took place on beautiful and picturesque island in
the Susquehanna. Knowing, as Mr.. p. did, the
course which the canvass had taken in that State.
and being aware that MIR. Buchanan must be well
acquainted with the opinions of both candidates.
having been long intimately acquainted with them,
ne had felt great curiosity and interest to hear what
that gentleman would say; and when he stated
what 1t was, he did not mean to be understood as
asSalling the motives of Mr.. Buchanan He knew
and esteemed him honorable and upright man
but here too charity came to his aid, and he was
forced to conclude that Mr.. Buchanan had been de-
ceived. However that might be, he certainly did
state on that occasion that he had served i'm Con
gress both with Mr.. Clay and Mr.. Polk /; that he
was personally intimate with them both and was
well acquainted with their opinions and ne then
went on to declare that James X. Polk was better
tariff man than Henry Clay, and that he believed
the tariff OF 1912 would be safer in Mr.. Folks
hands than it would be in Mr.. Claws Great SEN
sation; voices ''Did you hear that? "Did you
hear him say so?' as that possible ?'--BaIti-
more .4mericdR
NEW GENERALS.
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