Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1846-06-06

machney Inc saving oil labor and the OF human
power produced IA ths manner almost ncalcpable By
its aid feeble enabled to accomplish more in
day than would pay for the productions Of forty able bodied
haIdhanded without it. Did gentlemen and was
their policy to let England enjoy all this benefit and keep
to herself monopoly II this and this alooe that
kept the British Government from bankruptcy This polfc
Of wealth and power enabled the British people to stand
up under debt Of oar thousand millions of dollars and to
pay the Government amounting to than two hun
dred and fifty millions everyyear Thswas the of
abor-saving machinery Was the policy gentlemen
TO let England have this profitable business of manufacturing
all herself That seemed be the policy othe Secretary
the Treasury Indeed he had avowed in his report be his
settled policy break down the manufacturers of
try, and derive his from British and other foreign
goods His policy increase by Increasing inn
poaions and he would reduce the average Of duties
one-ha of course get the amount Of revenue,
must double our imports Thswas manifest and undenabe
Our present imports amounted hundred millions to
carry out the Secetays plan must raise them to two hun
bred millions Our exports We're about one hundred millions
aud Of hundred millions in specie would be requ
ed annually TO pay the balance The whole specie of the
country had estimated than eighty mil
lions How his policy work How was he to make
up this deficit Not from the banks for they would be bro
ken within the very first year Of such systems and then
what Mr. Secretary going to do for his revenue The
duty foreign rs cent He was for reducing
it TO 80 per centless than half We must, Of course
import than double the of foreign iron and
that extent break up American supply Now, it impos
sbe to make people double their consumption and the
result must necessarily be to get them to take foreign goods
where they took domestic thus reducing the demand and
of destroying the domestic supply that Was
not all this plain Could any in his deny il I
And them BESIDES where the Secretary going get the
money pay for all these foreign goods There the
rub The gentleman from Virginia Mr.. BArLY) talked
about exporting potatoes to Ireland On the contrary last
year imported 81 1927 bushels paying duty cents
per bushel5 O45 from Ireland whilst Ireland took of all our
grain only 100 bushels OF corn, not barrel Of flour,
meal bushe of grain, its productions in any other form
The whole of mighty export Of breadsuf to England
Scotland and Ireland amounted less than 1924 900 less
than oneourh Of miloness than could be furnished by
single Western county Potatoes cheaper in Ireland
than in the United States yet the people starving because
they had no protection against England, money,
pbymen This the effect Of " free trade with Eng
land, and it precisely the condition into which 'iree
trade with England would soon bring this country, if were
adopted. Free trade" with England reminded him OF an
anecdote of rshman who when complaining of starvation
Ireland asked whether potatoes very cheap he
answered. Chape the Lord love ye they're but saxpence
bushel sHow is it then youare starving " ''Just be-
have work, and can't get the saxpence." "A
laugh
The true American policy Projection and ISDEpEN
1t to make America independent Of all the
world That sound American policy and be trusted
would suffer himself to be carried away by party
politics to advocate free trade and starvation twin
sisters, " and nseparabe" Protection the policy
which would spread comfort and happiness the face of
smiling land It's effect would penetrate forests and reach
the hamlet in the West This would keep our
money home, instead of sending across the to
What the theory of our learned Secretary We
reduce duties increase Now, Mr.. 5. said
and he deed contradiction, that truly the Thermometer
indicated the increase dimnution of heat in the amo
sphere, just truly did the increase dmnuton of the
riff mark the increase and the dmnution of He
appealed the record and defed his opponents to the test
The Secretary recommended reduction of duties
average rate of 20 per cent? and support of this
mendaon he had accompanied his report with table, page
$50, showing the under different tariffs for the last
twenty five years, four years Immediately before the tariff
of 1924 four years under the tariff Of 1924 four years under
the tariff of 1928, ten years under the compromise BILL and
three years under the tariff Of 1872 And what the result
For the four years preceding the tariff of 1924 the average
revenue S22 600. Under the tariff of 1924 which
its opponents at the time predicted would ruin the and
compel resort TO direct taxation the average for the four
years of its duration S2s, 929 900. Next the sb
Of Nominations the /" black tariff of 1925" which it was
said would bankrupt the treasury beyond all question: and
what the result The average during the -four
years of its operation increased $780, o00 Then
the compromise bill of 1885, which brought the tariff down By
blennua reductions to horizontal duty Of 30 per and
what its effect upon the revenue The declined
par pau with the tariff yielding for tie years average
of 000 and the last year of its operation under the
20 per cent duty only 900 gross revenue netting
Sl2 900, while expenditures than double
that amount Then the present tariff which yielded
more than $50 000 Now what does profound Sec
reay OF the Treasury propose do TO improve the
Mark it He proposes reduce the tariff average Of about
20 per cent which Experience proves" he says will give
the highest reven and yet this very report shows the fact
that 20 per tariff in 1912 yielded only Sl2 7sO 000
while the present tariff last year yielded S27 52s 000 Thus
according the Secretary t,oeiDe than ent euen
new discovery in arithmetic. The s. free trade" sys
TEN of finance says " reduce The duties increase the
nue. doctrine only urged upon Congress by the ece
tay and " the Union, his organ but by all the advocates of
this tariff this floor. Reduce the duties increase
the revenuep Can any thing be absud-urged in the
face of the fact proved by every official report the finances
from the foundation Of the Government that the has
always gone up and gone down the tariff has gone up
gone down Yet told reduce the duties increase
the revenue Are duties the of revenue and
would not be just sensible say reduce the revenue to
the revenue !" Duties and revenue are convertible
terms You want twenty-five millions from the tan-thai
must be aised matter how you impose the duties and
why not arrange them protect and sustain your
national industry, thus making taxation itself prolific of bene
fits and blessings to the people
On the subject Of the revenue he would venture predict
that if the system OF recommended by the
the reduction Of the tariff the change from specific ad vao
rem duties, the Subeasuy and the warehousng system
were adopted the year would be half the
amount will be this year. Mark the prediction not ha
Who could deny the fact that with the raising of the tariff
the increased, and with its dmnuon the
fell off, till at last under 90 per cent? which the Secretary
considered the very beau dedhe very perfection revenue
systemhe nett sank down less thirteen millions
There his theory-and there, alongside Of it. stood his
proof; and his proof utterly subverted his theory Did
that reducing duties 90 per raised the
to its highest point Just the II reduced to the
very lowest point of depression While his theory said that
20 cent would give the "hghe his proof showed that
il gave the lowest"
And this pretty time to select for the reduction Of
duties Now when had just entered into war; whose
duration could predict calculate When went
to war in 1912 doubled the duties it proposed
to cut them down onehalf What a consumnae proof of
mill wis nand6u