The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-09-12

~ OF the treasury last year. dulhltpou ''et 90
reduction Of the duties to l2I per een-thai Is oV
per cent less than the duties stated in the tarh Oh
l846-would have no effect upon that factory, Gh
less il was through the general effect OF redueuoD
upon the business of the country. We quote rom
memory, but are confident Of our correctness
But, say the wings, the new tarln WIN not iur,
nish revenue enough, and they are greatly alarmed
lest the administration should be embarrassed. The
administration, no doubt, are greatly Obliged to the
wings for their extreme solictude on this point but
it was not very uneharitabe TO suppose that con
lnuance of fat dividends was quite as much thought
Of embarrassment TO the administration. H.
however, it should so turn out, and the revenue
should prove insufficient, that difficulty was very
easily remeded. Treasury notes would supply the
deficiency temporarily, and duties could subse'
uuently be enhanced to any extent that might be
found necessary. But in considering this point OF
the sufciency of the revenue it should be recoec-
ed that the amount of importation Is undoubtedly
to be very considerably increased. The reduction
Of duties in England, and the introduction there OF
our corn and provisions, will necessarily cause an
increased expectation, and, by consequence, an IN
creased importation here. II we sell more, we must
Of course buy more. The modification OF our own
tariff will also have the same effect. The addition
Of Texas also, TO this country must add greatly to
the amount Of our explorations; and this amount VIII
be constantly and rapidly increasing. Additional
mportalions follow Of course. Again: the set
Element Of the Oregon question, and the GER
tainly that we are to have no war with England,
cannot fail 10 give a new impetus TO commerce
Therefore, if we add that many articles which were
free under the tariff of 1912, pay duty under that
of 1896 but little fear need be entertained Of any
great falling of in the revenue. All the objections
then to this tariff, when examined seem 10 have no
substantial basis. And, at all events, 30 far as
Maine 10 concerned he boldly asserted that better
tariff had not been passed since the commencement
Of the protective system. 1t favored all her great
interests, especially those of agriculture, ship-buld
Ing and the fisheries The tariff OF 1912 was Pecu-
liary adverse TO the interests Of Maine. All the
articles which we were compelled to buy, such as
ron salt sugar, moasses, cordage, &c, were enOr
mousy taxed. Under the new tariff, the duties on
these articles greatly reduced, some of them more
than SO per cent Take ship-building for example,
and see how much this State is benefited by the
new tariff Under the tariff Of 1912, the duties
paid on iron cordage, and other materials used IN
ship-building, amounted to 50 80 per ton. Thus
our friends the river, the enterprslng, and
he was happy to add, the democratic Messrs. Per
kins on every ship they had built Of 500 tons, had
paid 1900 in duties, giving the British ship
builder Advantage over them TO that extent.
When Il was recolected that Maine was The
first State IN the Union in Of shlp-building the
amount for the las, year reaching 81 l05 tons, the
reduction Of duties by the new tariff, on the mate
rails thus used will be TO be Of no trihng i'm.
pouanee. Take salt, also, on which the duty Is re.
duced from cents bushel to 20 per cent on the
foreign yaue--a reduction equal TO 30 per cent, and
il is an item of no uncomfortable importance to
Name, especially to her fishing interest. And this,
too, il will be recollected, without disturbing the
fishing bounty, which the wing representatives from
Massachusetts, and this State vainy endeayored to
abolish while pretending TO be the particular friends
of the fishermen. He invited them TO look at the
| article of wool also, and see how, by the
new tariff, farmers are benefited. Under the
| tariff Of l842, wool costing not exceeding cents
a pound, paid. duty Of only fire per cent,
| That costing more than cents, paid duty Of 80
per cent. and cents pound. or the latter class,
but little imported. Under the cheap kind, al
| most all the importatIons into the country were
| made. The value Of that imported the last year,
costing less than cents pound, was 81 500, 7S9
while that costing than cents amounted only
| TO sl36,0O5. Under this denomination of cheap
| WOOL the most valuable kinds were imported, which
came directly in competition with the wool of this
country. Various devices were resorted to for this
purpose, such bringing it in filed with sand, dirt
and burrs giving 1t the appearance OF wool OF little
value, but which, when cleansed, was capable OF be-
ing worked into cassimeres, sattinets &c, as well as
into blankets and carpets. The manufacturers had
also adopted the plan Of buying the wool on the
sleeps back in South America and clipping it them.
selves, so as to bring the cost down to cents To
improve the quality without increasing the price,
late device, as he informed, had been adopted
of carrying out bucks of a superior breed to pu,
with the focks Of native sheep there. All these
| cXDeuient5 ana ueYlCes cut up ny INC ncW
| tariff which imposes a duty Of 80 per cent. on
all wool, thereby giving fair protection to the
woo-growers Of our own country. From
this change in the tariff, Maine will be
greatly benefited. There we're other features of the
| new tariff peculiarly favorable to Maine, but time
would not admit of particular notice OF them But
against this tariff thus beneficial to our State, the
| wings have declared an incorporating war--they
| have hoisted the flag Of repeal and under this flag
| future battles to be fought. For one, he was
| ready and willing to meet them. The SOBER dis
| Greet men of the State would inquire why repeal
and toho was to be benefited by it, If only few
manufacturers at the expense of all other classes
he was inclined to think the "repeaers" would find
| it rather an uphill business But would repeal
benefit the manufacturers Was there no danger
that tariff less favorable to their interests might be
adopted A protection of 25 per cent, with Is pei
cent. added in charges of shipment, &c, is now re-
garded by many rs too high, and as properly subject
TO dimnuon. Again, steadiaess is of great impor.
lance to the manufacturers, as well as all regular
business men. Fluctuations and unsteadlness are
for the benefit of spectators and gamblers. This tar
if, in connection with the other great measures
adopted by the last Congress-to wit: the independ
ent treasury, and the warehousing act, exactly
calculated to give the permanency and steadness
I which were needed. Here Mr.. Fairfield examined
the provisions of the warehousing bill, showing thai
its effect would be to prevent excessive Cuttings o.
the market, which was what the manufacturers had
would be placed in public stores and only brough
into market the demands of the market should
require thereby securing steadiness in prices, ant
promoting regularity and healthiness in business
The independent treasury also would be found to b.
of essential benefit to the manufacturers as well al
to the country generally. Undue expansions and
contractons of the currency had been eminently in
furious to the manufacturing interests, and hes'
had been greatly promoted by permitting the bank
to use the public money. Under the new system
the money of the public will be kept by public off
GERS and be dsbursed for the public benefit, instead
of being loaned out by private corporations to spec
ulators and gamblers, in large sums, who, by thei
operations kept everything in state of constan
agitation.
| Mr. F. went at some length into this branch o
the subject--and, in answer to inquiries, draw
out upon other topics of much interest, but the shor
q interval between the meeting and paper going Il
press, compels us to arrest our sketch at this point
C----------------=-==--
Notice to the holders OF Mexican Indem
y nifty Scrip.
Il TREASURY DEPARTMENT, REGIsTER's OFFICE,
- nh