The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-06-06

The following Is Q copy Of dsspstch from Mr. Psksu
ramsrston on the subject Of the customs revenue Of
the United States under the tariff printed bv order
"wAsHIssrss. asth March. ls47.
"ir LoRD-Her Majesty government win be glad TO
hear that the session OF Congress closed any sd
dton having made to the rates Of import duty e.
tsbshed by the tariff Of last year. That wl
therefore now receive fair trial and happy to say
that there are already such indications Of its GER
tain that may be considered as beyond
the reach ofdanger with reference to the amount
OF that the exorbitant tariff Of ls42
introduced and it the assumption that the mo-
derate tariff Of last year would not produce sum
cent that 1t strsnuousy oppossd by the
advocates Of the protection system Now, let us
what has been the resuo far ss the has yet
gone. .rfr gft
The new scale Of duties came into operation the
LIST Of December last that Ia say not quite four months
ago, and from the enclosed statement, for which am
indebted TO the kindness Of Mr. Walker the Secretary
OF the Treasury it viii be seen that the receipts under
the reduced scale Of duties during the period embraced
In the return exceed those Of the corresponding period
OF the year before when the high rates In force BY
nearly million Of dollars; think 1t likely that by the
end othe present month the will amount to quite
q million.
This is matter of great interest to England at the
present moment when it Is of Importance that
our export; trade should flourish in order to the
heavy demand upon the Of the country
stoned by an extraordinary importation Of food
in this point Of view II tho tariff had only pro-
duced the amount Of revenue as the old one the
result would have sti been very gratifying because to
| create tho same amount Of revenue under reduced
scale OF duties is obvious that proportiouate
must have taken place In the quantity Of goods import
ed in which increase England course had her natu-
raj share But when that the reduced tariff
duces at the rate Of S250o00 month the hgh
one, the satisfactory result Of the experiment becomes
more striSingly apparent.
lit may be- said that the .sried embraced the en-
closed being that Immediately following the re-
dncon in the duties. does no, afford fair criterion Of
what may be- the ultimate working Of the But
do not think that this argument applies to the
| under consideration,
"n the first place because that the month Of
December. thu first month Of the system, not
by upwards OF 100 900 dollars productive the
ceeding month January thereby showing that there
was no unnatural extraordinary influx Of foreign
moditios Immediately consequent the introduction Of
lower rate Of duty 10 bc counter balanced by falling
| of at a later period
ln the next place, because it should be borne In mind
that simultaneously with the tariff the warehousng
system for the first time introduced In the United
States, which body knows has tendency to make
the introduction of rather the clearance
OF goods for consumption steady and gradual and pro-
| portioned to the wants OF the market.
fects of an improved commercial policy and to the state
Of general prosperity and well being which pervade this
country mt the present moment owing principally
steady demand for all sorts Of agricultural produce at
remunerang prices, think 1t scarcely boz doubted
that the consumption Of foreign merchandise must for
the least exceed the average OF former
| years, and thus help to redress the bax nee ode
now. owing to Unforeseen calamity, unf0rt 40
much against us.-i have, sc.
| (Signed) X. PAKENHI.I