Indiana State sentinel., 1846-07-16
lad one Lrief triumph more. The tariff Of 1912 was

expected, after the immediate danger from notification
blew revive and pepe,uate their system the cir
cumstances under which the tariff bill of lS42
law, ought 10 have shown them the utly of the attempt
Painfully aud with many hoes the feeble banlng srug-
gl,d into exs The month of July had passed the
last days OF August were app oachlng; and still the
country without any revenue law wha ever. Then
that the Protecti1nisi avang themselves of the
nsOveu condition Of the treasury, pressed upon Congress
the very close Of the session. the alternative Of their
bill no Even such advantage, under the
pIessure 1t were, of necessity the its
way with extreme difficulty. to the book Twice
it defeated in the House, by tie casting of the
Speaker and it succeeded there last by reluctant
majority of sagglers their votes coming in at The
last moment after the decision had been announced
In the Senate IL passed by bare majority OF Mr.
Wright and Mr. Buchanan both voting for u under pro-
test Mr.. Wright
pass bears that
40 revenue law could pass al The present session."
The sober minded, Of the party that brought it
forward seemed ashamed of the deed. Mr. WEBSTER,
in that speech which he delivered in Fanuel Hall, in
the auumnof 1872, sea Of upiurned faces, sand
1t IS that the Tariff of la42) passed by The
ing Wings against lafi, cut
questions direct aud indirect"
And this the bill, vagrant that about in the
House, at the eleventh hour, begging among ITS Wing
friends for stray TO lis Threatened lite that
saved the Senate by its opponents only because
they thought 1t less crying evil Than bankrupt exche-
Quer aud broken public tab-thls Is the bill that is
the law OF the land And this bill, thus forced
despite the spirit OF the age, reluctant country, is
remain a permanent system, to become our national
policy We are not TO touch amend it Ii is too
good and holy 10 incur rebuke or to suffer alteration
1t is not within the scope Of my present purpose min
uely 10 examine the details of tins tariff. Suffice it,
that embodles the system of specific duties, mnmums
and all the ct ceteras of protective iaTor Suffice H.
that the average of its duties has proved be
per cent, actually exceeding that of the tariff of
1882, of which the average was but thrlyhree and
eght-ienths The gross revenue it produced, for the
year ending 30th September, lo40 was nearly thryone
mons the largest amount raised from imports in
any year the years of 1881 and 1925 alone excepted
since the foundation Of the government general idea
of ITS mposOns may be gathered from The fact, that
four staple neeessarIes iron coal, sugar. ard moasses
(yielding six millions of revenUe) It's duties actually
average per cent; three times the compro-
mise maximum: while cotton and woollen goods ION
hch the duties reach six millions and threequarters)
the average about per cent; nearly
double the maximum. Under this tariff, too, nearly
half the is obtained from specific duties.
In word II was violation the most fragrant of every
principle aud promise of the Compromise act Ii was
open and undsguised return both in form and in
Of duty to the old protective policy that had been tried
condemned, sentenced in 1888.
Again would appeal to the friends of tariff protection
Again would ask them: Do you intend do you
pect 10 maintain unchanged such system that?
Peacefully you cannot do it; all experience proves that
and will you destroy the harmony of feeling that
binds State to Sate stir up again heaburniDgs that but
slumber among US, endanger the very integrity of our
happy and glorious unon-a in a fruess struggle after
principles you cannot PerPeuate and policy that is
passing away?
But YOU say TO yourselves that you can but be defeated
last and may well struggle against the change,
with the chance of retArding what you may
Look 10 II The history OF reform throughout the world
teaches US this lesson: that privilege has often lost all
because she knew not when to yield part There
time, the early days of the Freneh revolution, be-
fore the oath of the Tennis court the fall of the Bas
tile, when, by we-tmed concession, the unfortunate
Louis might have saved kingdom and life lie suffered
the golden moment to pass, and with all power 10
troll the rising that speedily overwhelmed him.
Look well to IL To-day your influence is still felt
and you have power 10 shape modification of the tariff
You obtain discrimination within certain iimis and
even, for time, protection considerably beyond the
pledges OF the compromise. To-day you do this, if
you consent 10 guide a movement which you dis
posed obstlnately to resist. Tomorrow it may be
longer in your power. Reform damned up by obstinate
opposition, spreads far and fast the barrier has
given way
Protective favor in order benefit steady business
men, must be permanent. Fluciuatng dulles
The purpose Of the specuator only Will any prudent
manufacturer incur the outlay and risk OF founding
large establishment the security OF tariff which he
may expect to repealed from year TO yea But what
is in point Of fact the prospect before you, you
defeat the tariff bill of this session. Will its defeat be
silently acquiesced in You know it will not. Session
after session the Struggle will be renewed, and renewed
with increased forces and with growing strength. Yes!
and reforms like the sybil OF old, Will increase her de-
mands each The tariff bill proposed now, in
l646 is radical than that reported in 1874
Reject H. and see If the next proposal be not one of yet
lower rates, and of stricter revenue stamp.
The bill before us, as reported from the Commit
tee of Ways and Means comedies much TO interests hh
erto privileged and proposes moderate reform only Its
average rate nearly now be ascerianed viii be
about twentyiour and half per cent; and thus the
average OF all It's dueS high and low, taken together
fact four and half per higher than the very
highest contemplated by the compromise. Its principal
schedule, including the staples of iron, coal, woollen
goods, clothing, carpeng, saddery, paper, wines, and
many other staples, put thirty per cent, being
higher by One-hai than the maximum of the compro
mise Cotton and silk goods bear duty of twenty-five
per cent Its duties wholly ad valofem the only fair
principle of axation and in this it but carries out
of the pledges of the compromise, of which the equity
has been repeatedly acknowledged by Mr. Clay; for ex
ample IN his Senate speech Of March l, 1912:
q" say said he at theory aud according every sound
pncipe of JUSTICE the ad vaOFem mode of taxation entitled The
preference '-Niies Register Of March 10. 1872, 42.
The gross amount of revenue which this bill would
bring in, supposng the imporlaons remain the
last year. about TWENTY-FIVE millions. But that i'm
pOratiOns will remain at their present amount there is
chance It's greatly reduced would, Of course,
increase the amount of dutiable articles imported Our
total imporiatons arc now about one hundred and
millOns the Secretary of the Treasury estimates that
under the proposed tariff they would by fourteen
millions the first year. reaching hundred aud twenty
millions. This estimate is, Think very moderate
If it prove correct then the tariff reported from the
committees would yield gross revenue of about twenty
six millions Of dollars; or deducng million and half
for expenses of collection, would bring in netfeyenue
of twenty -four millions and halt.
Tbs is amply sufficient in time of peace. AT this mo-
ment unfortunately engaged in war, though not,
trust, to be of long duration TO demand expen
sve armament. And with view meet these extra
expenditures, it is the intention of the chairman of the
Committee of Ways and Means understand 10 move
sundry amendments to the reported b which will yield
an increase Of some three four millions. This will
give nett from imports of about twenty eight
millons-about as much The present tariff bill the
increased importations compensating for the reduced
rates.
The substitute offered by the gentleman from New
York Mr. HUNGERFoRD] will produce, Think about