Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-02-09

on Tea and coffee. This plan Of procuring that
amount oil revenue Is Still deemed The best ana
most available; bu, il the Senate as well Is the
House should be III different opinion, and an
additional revenue Of two millions and nail
were sill deemed all that is necessary under ex-
isling circumstances, il might in all probability,
be obiainet by The reductions: proposed IN iaole D,
as we'll as the additions suggested IN lapie a.
leaving, however, all sugars Al the existing rae
d! t,u.y, except Loaf ard other refned sugar, anu
reducing the duly upon lea and coffee rom I"eh
ty-nye per cent, as proposed 10 hlleeh per eeh''
ad yalo,ein Should ether Of these alternatives
lie adopted il is respectfully suggested, 'hat me
credit vi The Government would best DC main
aimed by pledsns be new and additional duties
10 the Payment Of the principal and interest oil
any loans already authorized py Congress during
the present session, and ~ terminate " hen these
loans shall be paid in iuI. u in The absence OF
such additional revenue, during The recess Of
Congress. the necessary loans Cannot be ne@o-
tiated at par, oil treasury notes maintained al
WAYS al par, consequences the most disastrous 10
The honor and credit oil our country lnlShl ensue.
As regards lha, portion OF the resolution which
inquiries how much The price oil articles VIII DC
increased 10 the consumer bv the augmented d.
~. This department. bees leave most respectfully
.c refer 10 lis report 10 the Senate Tin answer 10
a similar incuiryl communicated on the 23d Of
July las. Ry reference To that report, and The
tables and prices current thereto appended, Inc
following principles would seem 10 De Clearly es-
lablished as general rule. subject TO modifca-
lion, liz some respects BY extraordinary causes,
such as greatly increased or cimlnish proonciion'
changes OF season, augmentation or diminutlon
o! demand and surr!y, and also 10 Increased or
diminished cost OF production: lsi. That where
he article is produced more cheapy in our own
coun.ly than abroad, he price is not affected by
The duty. d. That where the difference Of The
cost al manufacturing or producing an article
here as compartd with The same cost abroad, is
less than the duly, The enhancement OF price, ne
yer,heless, canuo, exceed such difference in The
cost OF production although Inc tuty may be
much greater. 81. That where he duty exceeds
or is equal 10 The difference in The cost OF pro-
ducliv,, lie enhancement OF price. as proved BY
actadl prices current, exhibited 10 that report, IS
as gene al rule, in the ratio OF li9 TO 70. or
about lwo.lhrds Of The duly. II this were assum
e. as The standard most nearly approxinating 10
The actual results, in The present case, duty al
fifteen per cent. on lea and coffee would in Sc
RES OF wears, unaffected by other disturbing
causes, enhance The price here ten per cent. and
OF The twenty per cent. on refined sugar, and ten
and five per cent in some other cases would en-
haDce The price oil the articles respectively on
which these adGiiional duties were imposed TWO
thirds Of The augmented rate. As, however. IL
some cases, on some Of these articles, this would
make The enhancement Of price greater than The
aclual difference in The cost OF production, there
mast be Correspondent reduction in such case
oil The augmented price, so that the enhancement Of
price shall never, IN any case, where the supply
IS abundanl, exceed The difference in the cost o!
ro.ucliun.
b. reference 10 The tables appended 10 lhe Ie-
port CT the 23d Of July last, i, appears in regard
10 the great mass OF our imports, that be enhanc.
ed price, taken in he gIegaie, is about equal
10 lwo-lnrds Of the duty Whatever theories
may have prevailed upon either Side on This sub
lect, his seems 10 be an asceraned fac., proved
ny actual prices curren' appended 10 the report
As general rule, in The cases referred 10, II APP
pears hat about lwo-lhirds Of the du!y tails as
burden upon The consumer by enhancing prices
10 that extent The question upon whom doe
lie lax TAIL, equivalent 10 the remaining one third
al Inc duty. whrlher in some cases i'll Part upon
The foreign producer, OF in pat upon the amrfi-
can exporter Of all our products, or upon both,
and in what proportions, Is most Interesting II.
quirY. Bui the answer requiring mach Time 10
collect the necessary tore en- and home price cur
rel;s. and no: being called Tor particularly b'
Inc Seuae, is ob.Iuded upon is consideration a.
this time.
|, is certain, however, That when Great Britain
secics or rs;eais heavy duty on our great es-
ia ; sc :eaiize 10 certain extent, in mary
.ass> correspondent gain or loss; and the same
p,acirle, if applied 10 inc proposed duty on tea
aud cotse Nigh, show mat, whilst two-thirds o.
The duly on similar enhancement OF price might
lell on the consumer, portion OF he remaining
one-hiId might tall upon The foreign producer
attended also by The further advantage that in
he case OF ;ea and coffee, The whole revenue viii
be paid wlnou. any adIillonalt lax into III ireasn-
rs; whereas, Is slown BY The repor. al the o3d
II July last, in the case Of dnIies upon many
projected articles, iae lax arising from 'hs -
HANGED price oil the domestic article, often far eS
crrus the revenue on The foreign import
There is herewith Submitted table, marked
{. Of duties paid from the frs, II December S45
Ia The 24h oil January, 1916, under The tariff OF
1912, compared with The dulies realized from Isl
OF December, lS46, to The 23d Of January S47
in The iivr ports o: Boston, New York, Philadei-
pha Baltimore and Charleston, showing An in.
crease I'll The duties paid on The tariff OF 1886 ii
exceed these paid under The late tariff in those
five ports Tor the period of one month and twenty
three days, upwards Of seven hundred thousand
dollars /. i fully believed that The tariff oflSi6
is vntiraing itself by its results in augmcnlinc
ttt revenues VI lHS GCFclItilcul, dHu dGs dHl iH.
lho prosperity q the country
Annexed. j. table marked u, OF The imports
jn,iss and equivalen, ad valoreuis Tor the fiscal
year 1918, and similar table, marked +, iorihe
ti>cal year loi1.
Also tables marked +, G, II, I, OF imports
ana an;!cs Oh Tea and cofie,; OF iron, marked h;
CT coal, marked l., AID oisusaT, marked VI.
A table is also hereto annexed marked y,
showing ;hal i. he duties were arranged n iron
5y reference 10 tables 4 aud B, that according
to the mpur,s of 1916 The value al iron and is
manufacturers, on which there would be no change
oil duty would lie Is, SO SIS, the value on which
there would be ar increase OF duty would lie
S2077,S98 and The value exclusive OF non-enu.
meralet because not specified on the rc,urns) on
which there would be decrease OF duty would
be 753 Gle.
II The duties on al, tie du.atej articles at
raised and diminished ~ o;ding Ia tables a and
b. Except brown and waiie >ucar,) whilst II vii
probably increase The revenue as suggested, u
will, as believed, diminish onr imports TO a small
extent compared WITT the imports under The ac
o! lS46, il u1aend.
twill be perceive i, in order to obtain in.
creased revenue on ia un:s cures OF wool II be
came necessary 10 divide them into two classes
imposing the higher duty only on The very nigh
priced wooliens. For the same reason, II became
necessary 10 GiFWe !ndnuldCtutSs W tos'o.i INV
three classes, The duty being reduced on The low
est priced, stationary On The medium, and raise,
five per cent. IN the hish-prced cotton goods
No change has been suggested rs 10 The impouan
articles Of silks and linens or worsled, because
,his Department is rot in possession a, ms Tim.
OF sufficient data uron which 10 found The bell"
that an augmentation OF The duly on these ar
,icicS wruid increase the revenue. This IN
formation, however, may be furnished b,
The actual operation Of tie tariff OF 1876 =
OF all the articles embraced in table A, o.
which III: duties are raised. n. increased duty
on loaf and other refined sugar will be the mos
onec Gus, and mos certain 10 produce considera
bic addition to the revenue by ansmenIlng large
" the imports OF brown and white sugar as III,
raw material Tor The refined.
In submitting a. prssvn, only The articles men
toned in tables ii ana s, il is proper 10 remarl
that these tables are Of course only estimate.
subject TO correction by The actual operation .
the tariff Of 1916, and that time, together viii
the results If that ac', may indicate o.her ar'i
cles mon which duties may be redIced (or aug
mented if Indispensable n-cessary) so as 10 in
crease he revenue. The Senate having caet
tor the present estimates, AMI being supported a.