Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1846-05-09
The new Tariff Bill.

The new Tariff BILL. aBi gD y
Our thanks are due to Gen. Dodge for
copy Of this bill. It is ''for reducing the
duty on imports, and for other purpos-
Articles Of importation are, By this bill,
divided into eight schedules, designated BY
the first eight letters Of the alphabet. Those
in schedule A pay duty Of 75 per centum
ad valorem. Those in schedule B duty
OF 80 per centum, and each subsequent
schedule five per cent lower than its i'm
mediate predecessor; that is schedule "A,
IS. B 30, C25, D 20, E Is, F 10, G 5,
while those in schedule H are to be duty
free after the first day Of December next.
Sect. Sd Of the bill provides, "That from
and after the first day Of December next,
there shall be levied, collected, and paid
on all goods, wares and merchandise inn.
ported from Foreign countries, and not
specially provided for in this act, . duty Of
twenty per centum ad velorem."
The 4th sect. Of the bill provides that
in case there shall not be revenue enough
in any future fiscal year to meet the cur
rent expenses of the Government, required
for that yer, a duty Of 10 per centum ad
valorem shall be levied on teas and coffees,
ito take effect after the first quarter OF the
ensuing year." the fact to be announced BY
proclamation Of the President, upon being
informed by the Secretary Of the Treasury
Of the deficiency. Sect. 9th. provides
that all goods, SIC. imported after the pas
sage Of this act, and remaining in the pub
lie stores on the I'd Of Dec. next, are to be
taxed the same as those imported after that
time. Sect. Z, allows the various kinds Of
imports to remain longer in the public
stores than they are now allowed 10 by
law; provided, when such goods, Sc. are
sold, SIX per cent interest must be paid upon
the ad valorem price Of the same, from the
time they were imported. Sect. 8, the ow-
ner, agent, Sc. Of imports which have been
actually purchased, on entry Of the same,
may raise their invoice value TO what he
considers TO be s'the true market value Of
such imports in the principal markets Of
the country whence the imports shall have
been made, or in which such goods shall
have been originally manufactured or pro-
duced," and to add thereto all the costs and
charges which under existing laws would
form part Of the true value at the mort Of
entry. The collector is 70 nave the dulia-
BILE value appraised, land if the appraised
value thereof shall exceed by ten per GEN.
tum, or more, the value SO declared on the
entery," they must pay duty beyond what
is imposed BY law, Of 20 per cent ad val
orem. The duty in no case is to be asses
sed on less amount than the invoice value.
Sect. 9 provides that in case the apprais-
% SAoi OC sdtiSHCu, thdl Vie IWpOTtdtlOnS
were invoiced too low with the intention Of
defrauding the revenue, the collector shall,
1.-THE sanction Of the Secretary Of the Treas
ury first being obtained" stake such goods
for the use of the United States;" the same
to be sold at public auction in 20 days next
after, as unclaimed goods are sold, and the
proceeds to be placed in the U. S. Treas
ury. The collector is then authorised to
pay out Of "the accruing revenue, !" the in
voice value Of such goods, and five per
cent in addition to the proper owner.
Sects. 10 and II are unimportant. We
shall take occasion, hereafter, when this
bill, or similar one, shall have become
law, to discuss its merits. We will say
now however, that it is one Of great labor,
well dijested, the articles Of importation iu-
diciously classed, and that The country de-
mands its immediate passage, or one SUBJ
stantially the same. .'ot61 4.f a