The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1846-12-24

amour: Ct public debt may he avoided.
Ii is not mesnt to recommend that the
ordinary aud necessary appropriations for
the suppof, :. government should be with.
held, bat i, is well known that at every
session Of Congress appropriations arc pro.
posed for numerous objects which may or
may not be made, without materially al.
fect'ng the public interests and these it is
recommended should not be granted.
The act passed al your last session "a re-
duciug the duties on imports not having
gone into operation until the first OF the
present month, there has not been time for
It's practical etlcc, upon the revenue, and
the business Of the country, TO be develop.
ed. Il is not dluhtcd, however, that the
Just policy which It adopts will add large.
" 10 our foreign trade, and promote the
general prosperity. Although it cannot
be certainly toreseen what amount Of rev.
cnue it will yield, it is estimated that IL will
exceed that produced by the act of 1912,
which ii superseded The leading pria.
ciples established by it arc, 10 levy The tax.
IS with a view to raise revenue, and to i'm.
pose them upon the articles imported ac.
cordng 10 their actual value.
The act OF 1872, by the excessive rates
Of du,y which il imposed on many articles,
either totally excluded them from impor-
taton, or greatly reduced the amoan, i'm.
ported, aud thus diminished instead Of pro.
dccing revenue. by it the taxes were i'm.
posed not for the legitimate purpose OF rails
ing revenue, but 10 afford advantages to IA
vored classes, at the expense Of large
majority 81 their felluH. citizens. Those
empIoyc cd IN agriculture, mechanical pur.
suits, commerce, and navigation, were CON.
PEELED 6 contribute from their substance
to swell The profits and osergrown wealth
Of the comparatively few who had invest.
cd their capital 10 manufactures. The
taxes we're no. levied ii proportion to the
value Of the articles upon Which they we're
imposed but. widely departing from this
Just rule, the lighter taxes were, IN many
cases, levied upon articles Of luxury and
high piicc, and The heavier taxes on those
OF necessity and low price, cons imcd By
the great mass Of The people. Ii was a
system the inevitable effect Of which was
to relieve favored classes aud the aeaithy
few from Contributing their jus. proportion
tor the support Of government, AID 10 las
the burden oR The !Ibar Of the many ensl.
ged IN other pursuits iaau manufactures.
\ system 50 unequal and uulusi has been
superseded b. the existing law, hich IN
noses duties not for the benefit OF injury Of
classes or pursuits, ia, distributes, and, ~
far as Practicable, equ4I, zes the public bur,
tens, among All classes aGd occupations.
The favored Glasses, who, under The unC.
qua, and uuIIs, system which has been RI.
Pealel bayc heretofore realized large pro.
fits, and many o. them amassed ,Irse for.
tunes, at the expense Of the many who
have been made tributary 10 them, vii,
have no reason 10 complain il they shall
be required to bear their lust proportion Of
the taxes necessary Tor lie support q 90.
sernmcnt. 50 far from il, il vii ba per.
ccEca, b. on examination o. tie cNis.ing
law, that determinations 10 the rates Of
duty imposed, wthin tie revenue priaci-
pie, have been retained IN their fiyor.-
Tie incidental aid against foreign compe,
u1on which they s!.i ENJOY gives hem an
advantage winch no other pursuits possess
bu, 81 this none others Will complain. be.
cause the duties levied are necessary for
revenue. These revenue duties, uclul
~ lreights aud charges, which The imp7F
ter must pay before he can come ~ com.
petition w.ih tic home manufacturer ia
ouf markets, amount On nearly all our
leading branches Of manufacture, to more
than one third Of the value Of the imported
article, and ii some case to almost one.
half H. value. Wth such advantages. It
IS uol doubted hat our domestic manultc
turcrs viii continue to prosper, realizing
lG weii conducted Establishments even ,fea.
Ter profits THAI can hc derived from any o.
Their regular bu ines. Indeed, so far from
requiring the protection Of even inciden.
tai revenue duties, our manufacturers in
sascT.. leading branches arc extending
their business, giving evidence Of great IN.
geuuity and skill aud Of their utility 10
compete, w.th Increased prospect of sue.
cess, for the open market OF the world
Domestic manufactures, TO the value Of sew.
craI millions OF dollars, which cannot find
market at home, are annually exported
TO foreign countries. With such rates Of
duty as those established by tie existing
law, the system viii probably be perma.
neat; aud capitalists who have made, or
shall hereafter make, their investments in
manufactures, viii know upon what 10 70.
i. The country viii be satisfied with
these rates, because tie advantages which
the manufacturers still euJny result neces-
saFily from the collection Of revenue for
the support Of government. High protcc.
i've duties, from their uplIst oper1ton NJ.
on the masses Of the people, caauot tai to
give rise to extensive dissatisfaction and
complaint, and 70 constant efforts 10 change
or repeal them, rendering all investments
% manufactures uncertain aud precarinus.
Lower and more permanent rates of duy,
at the same time lhar they will weld to the
manufacturer fair and remunerating profits,
Wi secure hun against the danger Of FIRE.
quent changes in the system, which can.
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