Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1846-02-05

the increased demand Tor all the productions oil
the farmers.
Mr. Stewart thanked the chairman Of the COM
miltee of ways and means for this document; it
had furnished to him and to the country undenia-
bic proof, from the highest authority, to what an
extent prices had been reduced, insomuch that
the duty on one article though reasonable at first,
had now risen to three hundred and eighiy-nine
per cent ad paiortm, brought about solely by the
reduction Of the price. Mr. Stewart deied es-
cape from this position Let anygentleman take the
report and examine it, and the more they exam
ined, the more they would be convinced that this
was true explanation of the whole matter. Yet
this was held forth for the purpose Of exciting
alarm it furnished topic Of popular decama-
! ton it might persuade the "poor man" that he
was greatly oppressed, because he paid tax of
two hundred per cent on his window-glass and
he perhaps would not understand that if glass fell
to a dollar box, he would be taxed four hundred
per cent; or if by any improvement in the man
ulacture, he should be enabled to get his glass at
fifty cents box, why then he would be paying
the enormous, unheard-of tax of eight hundred
per cent. This same "poor man." of the Secrc-
tary sometimes wanted to buy few nails and the
Secretary alarmed him by the intelligence that
nails were taxed hundred per cent on their val
ne. 50 they were; but what did he pay for
them' He used 10 pay sixteen cents ponnd
but this oppressive tariff had brought them down
" iou' GEMS VOW VINO dlu not see Vha' II a
specific duty of four cents a pound on nails
a'iou,''cu no" 10 hundred per cent pound
t tH,; uuy would De lour hundred per cent =
"hat an oppression to get mails at a penny
pound surely me poor man was likvly TO be
utterly crushed and ruined.
MT stewart proceeded 10 point Out some other
nxrt IL # IL.
eNtraordlnary doctrines oil Inc report ana espec-
ally requested attention to the PROJECT oil laying
excise on American manuiactures-"a plan which
might not lnapuy be termed plan to manulac-
ture poor men, Such would be It's practical re-
suit, and there was no escaping IT," Another
extract IS all we have room for:
But the Secretary OF the Treasury had made
other very wonderful discoveries in finance
What dad he tell US "Erperience prores that,
as a general rule, duty OF ftcenfy per cent ad
Valorem VIII yield the largest revenue" Yes,
experience proved that an Gd rdlorem duty Of
twenty per cent would yield the greatest amount
oil revenue twenty per cent yield the greatest
revenue why, what was the great, broad uni
versally-known experiment OF the country We
had tariff OF twenty per cent in lsfl-2, and
what was our revenue Not one half what il is
now. The whole amount of revenue from I'M
ports was then about thirteen millions, and this
year it was twenty-seven millions. Was thirteen
more than twenty-seyen, If so, the Secretary is
right; ilnot, he was wrong. And what was the
effect of their twenty per cent horizontal duty?
Under lis operation the country was Frustrated
the government itself was bankrupt, and the peo-
pie were little better. Yet this man could say in
the face of these well known facts, and of the
American people, any one of whom knew better,
that an average duty Of twenty per cent yielded
the highest amount OF revenue. The Secretary
had even gone further yet than this in bis IA
nous Jus circular ne had assumed That f"efre ana
nay per cent horl=oH'Gf was the true revenue
standard. Some Western scrbbler asked him,
through the press, how much revenue twelve and
a nan per cent would give on one hundred mil
hons oil imports lthat being more than the av-
erage amount') Inc answer must be twelve and
a iali millions then deduct three and hall
m!iiions' the expense OF collection, and but nine
hllions oi net revenue would be lett to pay TWEEN
y SIX m'llions oil expenditures 10 make up The
revenue you must aud more IMAM one hundred
nih'iohS 10 your imports, whlle your whole specie
mas never oeeh estimated al more IMAM elghiy-hve
ih"hohs tnen all your specie goes ior your hrst
year, ana where VIII you get money Tor the next
Year, lhese questions beng rather trouble
some were never answered
lhe ruin was, that tne revenue resulted from
,ne 'ar'i' ana iolloweu H. when the tariff was
iow' lne revenue was low when the tant was
i!n' the revenue was nlgh' 1hat had been the
UNIFORM experience oil tue country ana ne chal-
,engeu gentlemen 10 snow tne contrary. II must
De so' couiu NOT oe olherwSe' ANA why
because Tue result OF protection was 10 make the
people rem and taking oil protection made them
poor; "hen the people were r'ch' the treasury