Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1846-12-30
From the N. Y. Journal Of Commerce.
THE REVENUE.


al expenditure is Tow al rate conside-
rably greater than our income. How the
deficiency shall be is question Of much
though not OF anxious interest. The coun-
try has become rich, and career is open
bef,rc us of unexampled prosperity. We
can have no difficulty, therefore, in raising
couey enoush.--Thc only question is,
how our light taxation eau he most judi
riously levied. II cannot be by a resort
TO the protective system again. The Sys-
iem ana all protection IS TO prevent or
check impor,alions. The rate Of duties
on such articles as are grown or made in
this country. is by The Tariff Of '4G too
high for revenue. Woolehs and cotlons
would probably produce more re"eiue al
a much reduced fale.-More than this,
our ex perience thus far, ,ihas demonstrated
that we are to he great manufacturing
peope-that Tariff, or no Tariff, we are
to supply ourselves chiefly with nanufac-
turcd goods, and that 10 erect revenue
system Of high duties on manufactured
goods, or any goods such as are produced
within The country, would be to make an
ephemeral system, which Would Of neets-
sily soon pefish.-Profection would have
been impossible much longer; lift had moi
been repealed. In facL if it had ceased.
as we'll as revenue, on y great proportion
the protected articles. This process is
still going on. One article after ano,heri
every article in fact, so soon as Ameri
cans have acquired skill in its fabrication,
ceases 10 be imported. A revenue sys-
tenn therefore; made up Of duties on such
articles. is constantly crumbslue down.
We think we may say with perfect conf
Jence. that the is against The Tariff Of AZ,
and decidedly in favor of lha, Of '46, as to
its general principles. We hear the man
ufacturers on all sides say that the Tariff
of '46 affords sufficient protection, and
they hope il will no, be altered.
The Democratic party have taken their
stand upon ii, and cannot retrac.. Their
ranks may be thfuued somewhat by the
prolectonisls among thsm going over TO
the Wings, but on free trade and the tariff
Of '46, the Democratic party mus, conquer
or die.-We have always said, and say
50 slhl, that the party which distinctly
avows the doctrines OF free trade. must
carry the country and the world Before
Mr. Folks term of Office expires, to oppose
the tariff Of 40, will he as useless as to
oppose the annexation OF Texas or Louis
lana. But If this were not so the party
must stand by their flag now unfurled,
and if they do, both The President and Se
nate, if not the House, will be inpresna-
BILE BARRIERS against any back track IN po-
li:ical economy. But there is wide field
for revenue in articles not produced at
home. Many articles of this class, spices,
drugs, &c. might well have much hea-
vier duty imposed upon Them. Nothing
is more economical than the imposition
of heavy duties on goods, the supply of
which is altogether foreign. The duty
collected on spices all goes into the trea-
sury. Ali that the people pay they pay
10 the government, while The duty on iron
serves to enhance the price Of the home
production as mnch as the foreign's aud as
The former is teu times greater than the lat
fer, only one dollar Of every ten which the
people pay, goes TO the government. The
other niue dollars 60 into the pockets Of
The domestic iron makers. Then there
are Tea and coffee, which are free, and
upon which a large revenue might be rais-
ed, easily aud fairly. Some parts Of the
country use more coffee, and others more
tea; but every where one or The other is
used, so that upon the whole, a tax upon
both, would be fair aud equal over The
whole country. '-
: But there is no necessity or proptiely in
attempting 10 raise this year all the extra
ordinary expenses ofthe Mexican war. 1t
would not distress the people in their pre-
sent condition of prosperity TO pay tho
whole. The chief mischief would be in
the establishment Of revenue system for
year. lis advent aud departure would
be expensive and confusing. Ii would
be much wiser 10 borrow for The exlraor-
dinary expenditures, and reserve ltle debt
n, a. fa,v yolvn fnt tbn fut,trn sur,lucs q