Herald of the times, and Rhode Islander. [volume] (Newport, R.I.) 1846-1849, 1846-07-02
fWhOle No. S47


where they now take domestic, thus ieduciu
g The demand, and of course destroying the dc
nestle supply TO that extent Was not all hi
PLAIN Could any man in his senses deny il
And then, besides where was the Secretary &c
ing 10 get the money 10 pay for all these foreig
e goods There was the rub. The gentlema
from Virginia (Mr. BAYLY) talked about export
ing potatoes to Ireland. Export potatoes t.
{ Ireland He would tell that gentleman tba
r last year we imported 2ll ,327 bushels, payin,
duty OF ten cents per bushel -l5 ,045 iron
ireland, while Ireland took of all our gIair
! only 40 bushels of corn, not barrel of -four
corn, meal or bushel of grain, or its production.
IN any other form The whole Of our mighty
export OF bread stufiS 10 England, Scotland and
ireland, amounted 10 less than 1924, 900, les,
lhan one fourth Of a million-less than could
be furnished by a single Western county.
Potatoes were cheaper in Ireland than i'm the
United States, yet the people ale starving, be-
cause ethey had no protection against England ,
no money no empioynsnt This was the ef-
feet OF free trade" with England, and it was
precisely the condition into which free trade"
with England would soon bring this country, if
II were adopted "Ffee trade" with England
reminded him of an anecdoe of an lrishman,
who, when complaining Of starvation IN Ire.
land, was asked whether potatoes were not very
cheap he answered "Chape the Lord love
ye, they're but sixpence brShe.' "lIow is
: 1t, then, you are starving Just because we
have no work, and can't get The sxpente"-
"a laugh.) Such were the fruits of exchang.
ing agricultural products for manufactured
goods-lhe products of manual labor for the
products Of working The hoe a.
gainsl The loom. Such had been and always
would be The result Of this miserable system Of
pulicy, whenever and wherever adopted.
Nexr The gentleman complained OF iaxation.
What tax did farmers and laborers now pay
The United States? Nothing. Many of them
used nothing bat domeSrcs. They bought no
Jore,gn goods except tea and coffee, and hey
were free. Thousands aud hnndrtd> of thou.
sands Of our people don't pay dollar year
INTO The National Treasury, and thousands noi
a cent. How would it be under n system of
direct taxation ? The burdens of the Federal
Government would fall on farmers aud laborerS
more heavily than the heaviest State taxation.
Under system of direct tax the proportion Of
Pennsylvania would be three millions year
more than double her present heavy State taxa.
ion. But all these burdens put together are
nothing compared to the taxes imposed on us
BY The british. To form an idea of It's extent,
ct every gcntlempn ascertain the number of
stores selling British goods in his district ----
These merchants are all tax gaherers for Eng
land, taking millions and tens of millions of
specie from our farmers for British agrcuur-
al produce wool and every thing else con
'plltu IHtO SOOuN anu Scnt mere ana SOlu Ia
)ur farmers, who have those very materials on
heir hands rotline for want of market and
ms The ruinouS system recommended to our
armerS by these free trade" advocates The
arnerS understand il, and they will let gentle
men know it al the polls. They will let gentle
men know what they think of this 'bap rperp
t'"g and sell nothing poiicy.' They know that
be iarmer who sells more than he buys gels
lch, and he ho buys more than he sells gets
al thpvl tI.,., ,b a..
rue with regard To nations they know that to
all more and buy less, Is the way To wealth
nd that The opposite course is the road to bank
lpcy and ruin.
The true American policy was PRorgcTIoN
nd lND oENDtNCE. Ii was to make America
Idepend M of all the world. That was sound
merIcaI policy; and he trusted no man would
'her himself to be SO carried away by mere
iIty politics as To advocate free trade" and
arrotion, twinsiSerS zone and inseparable.
rofection was the policy which would spread
'mfor and happiness over the face of smiling
nd. lis effect would penetrate our forests,
ld reach to the remOteSt hamlet IN the West -
hS would keep our money AT home, instead
sending II across The ocean to enrich British
al our expense.
What was the theory of our learned Secrela.
7 We must reduce duties to increase our
venue Now, Mr. ). said and he defed con.
idlcllon, that as truly as The thermometer in
Gated the increase or diminuiOn OF heat IN
e atmosphere, just so truly did the increase or
mlnulion of the tariff mark the increase and
2 dmlnutlon of revenue lie appealed to the
cord and dehed his opponents to the test.
The Secretary recommended reduction of
ties to an average rate of 20 per cent, and IN
pport of this recommendation he had accom-.
med his report with a table at page 956.
owing the revenue under different tariffs for
: last twenty-five years, VIZ, four years i'm
'dlatcly before the tariff of 1924 -four years
der he tariff OF 1924, four years under the
III oi ISIS, ten years under The compromise
!, and three years under the tariff OF lS42.--
d what was the result 2
For the four years preceding the tariff of
~ the average gross revenue was S22. 1853 900
ldcr The tariff Of 1921, which fS opponents at
time predicted would ruin the revenue and
npel resort To direct taxation, the average
The four years fits duration was S2S 929 GOO
NJ came the "bill of abominalionS,' the "biack
III OF ls2S, which il was said would bank.
II the treasury beyond all question, and what
: tn, result The ayclage revenue during
four years of It's operation increased To-
D5il 900. Then came the compromise bill
1888, which brought the iaif down bv bicn-
i reductions 10 a horizontal duty of 20 per
II and what was its effect upon the revenue
e revenue declined par, posu with the tariff,
ldlng for ten years an average of s2l i96 O0O
| The last year of It's operation under the 20
cent. duty only GIG, ,6SG0OO gruss revenue,
ing Sl2, 10000, while our expenditure,
re more than double that amount Then
ne The present tarti,which welded moIs than
',NO,OOO groSS--S21 500 WO ne revenue.
W what does our profound Secretary Of The
'aNury propose to do To improve The revenue
TX 1t! Tie proposes tn reduce The tarlh tu an
rage OF about 20 per cent, which experience
ives, he says viii give the high6S rrcHue
yet this very report shows the fact that
per cent tariff in 1872 yielded only $l2 7s0
!, while the present talih last year Yielded
!, ,j2s 900. Thus according to the Secrelaly
lee iS han iwtniy Serm A new dis
eIy IN arithmetic. The new free trade
TEN Of finance says "reduce the duleS to ~.
aSe the revenue doctrine MOI only urged
N Congress by the Secretary aud "ihe
ion, his organ, but by all The advocates ot
new tariff on this door "Reduce The duties
increase the revenuel' Can any thing he
re absurd urged IN The face Of The fact,
we'd by every official rcpor on the hnanceN
~ the foundation of The Government, that the
cnue has always gone up and gone dawn
he tafiH has gone up or gone down =
we are told "rcduce The duleS Ia increase
revenue Are not duties the source ut
enuc and would It not be IuSl n sensible 40
"reduce The revenue 10 increase he teye.
- Duties aud revenue are convertible