Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1847-12-13


tioas. which may be collected IN Mexico.
may he sufficient. IT, contrary ,o INV eN-
pec,at,ons. there shall be necessity tor II.
lhe lac, " I'll be communicated 10 Congress
IN time. for their action. during the pres
eat session. In NJ event viii q sum ex-
cceding 10000. 600 Of has amoIai 90
needed before the meeting Of the session
Of Congress, OF ISIS.
The act Of July b, iS!ti, reducing tho
duties on imports, has been ,n force sinco
the frs, Of Dccenher last; aud am srat-
flied Ia state thu, ~ tho beneficial effects
which were anticipated from It's operations
have been fully realized. The pubic rev.
enae derived from customs dur,n. tbs ear
ending Is. of pacembcr. 1917. exceeds,
hy nlore than >~.on),U01. the amonn, re-
tcssei IN tho preceding yeas. under tho OPP
Grafton Of the nc; Of II, AMI which WA
~ualrcedni by il. Il, effects are visible "a,
the great an most uncxamp'cd ptosPori.
" winch prevails in almos, every branch
Of business.
WhIe the repeal .. The pra'hb;ory and
restrictive duties of The act Of l~ie, an!
the substitution. n their pace. of reason
able revenue rates, levied on articles i'm
ported. according 10 shcir actual value, has
increased the revenue. AMI ugmenscd our
foreign trade. All the grea. in,orcsts hevo
been advanced aud promoted; the crca,
and impor,an, interests "aIch had been
no, only too much neglected. bu! actually
taxed by the protective policy. for The ben
ctil Of other Interests. have been relieved
Of tho burdens which that policy imposed
upon ihoH, AMI our farmers and planters.
under tho more Just and liberal commercial
poiicy, are Fl ld,ng new aud profitable mar
kets abroad for their augmented products.
Oar commerce is rapidly increased, and
is extending moro widely tho circle of in
tornatiolaI exchanges. Great as has been
the Increase Of our imports of tho past
year, our exports Of domestic products.
sold 1t forcign markets, havo boen stlll
grc@tcr.
oar navigation interests Is cmincrtly
prosperous-ihe number Of vessels bull, IN
tho lnltod States IS greater than during
any period Of equal ong,h. Large profits
have boon derived BY those who have con-
~Structed. as well rs By th0se who nav
gated them. Should tho ratio of increase.
ia the number Of our merchant vessels. bo
progressive, aud 10 as great for tho fu,ure
during the past year, tho tmc ~ not
Instant when oar tonnage aud commercial
marine will DO la rerr than tina; Of auy other
nali n in tho world. WHIST the interests Of
agriculture. of commerce. md OF nayign.
ton have been enlarged. II il highly graf
living to observe that our manufacturers
are also ~ prosperous condition.
Mono Of tho rulnons effects upon these
interests. which wero apprehcnded by
somc, IS tho result Of the operation of tho
revenue sys!om establish, d by tho net Of
lii0. have boon experienced. On tho
contrary. the number Of n,nufac lortca,
and of tho amount If capital invested IN
thom. ~ rapidly increasing; nilnrdinc gra,-
f, my proof tlat American enterprise nni
skull, cmployc cd III tins branch Of domestic
Industry, With no other advantages Than
those fairy aud incidentally nccruing from
a Just ~ sem OF revenue duties. RI nbun-
danily ablo 10 NEE, successfully all com.
petition from abroad aud still derive fn,r
and rsmanerating profits.
White capitnl invested III manufactures
Is Welding adequate md fair profits, ind, r
tho new s. stem tho wages Of tabor. whett-
or employed in manuiactur :, agriculture
or navigation, have been augmented
Tho toiing millions, whose daily labor
furnishes lhc supplies Of food ard rninca
for al the naecSsarios and comforts Of itfo
are receiving ways, and more steady and
country; or III any previous period OF our
own history.
81 succe ,sful havo been al tho branches
Of our Industry TINT foreign wa'.
which generally d.,ninishcs The resources
Of nation, has in no osscntlnI decroo re-
,arded our onward progress or checked our
general prosperity.
WlIh such gratifying evidence Of pros
r of ~ II rnf ia q
the revenue act Of 1916. cvory considora-
ton Of public policy recommends t!,a: II
stall renan unchanged. |, Is hoped lha.
tho system Of lmpost duties which II cs-
tabllshot may be regarded as tho perma
ucni policy; and the great interests ilcctod
by II may not be again subjected 20 DC in
luriJusy disturbed ihcy hasc heretofore
been, by frequent, nnd neliues, sudden
changes.
For the purpose Of increasing the rcvc-
nuc, and wi,hol, changing or modifying
the rites imposed by tho net Of 1915 Or
the duiiabc articles embraced IN is pro-
visions, gain recommend 10 your favor.
able consideration, the cxpcdi"ncy Of lev
wing revenue duty on tea and coffee
fho policy which exempted these articles
from duty during peace, crases 10 exist
whom the country i engaged in war, and
requires the uso Of oil its available Ic-
sources.
II Is 4 tax which would b. SO generally
Infused, tia. i: would b. feI, nppressiyeiy
by none and complained Of by mono. rs
believed that there is no, IN tie list Of i'm
parted articles, any which are more prop
eriy tic subjects Of war duties.
IL is estimated tha, three millions OF do
mrs would BE- derived annually from tax
imposed on these articles.
Should Congress avail i:sef Of this nd
ii.ionnI source Of revenue. no, only would
the amount of public ioans rendered nc
ccssary By the war with Mexico. be dimin-
ished 10 tia, extent. but the public credit
aa1 Tho public confidence, In the ability
III Z .natlar 1.f tic crore 1nxnnnt ta