The Yazoo City Whig. [volume] (Yazoo, Miss.) 1844-1851, 1847-01-01


h engaged in foreign war, be we'll posponedI
10 future period. By The observance OFT
this policy az your present session, large
amounts may be saved 10 the treasury and
be applied 10 objects Of pressing and urgent
necessity, and thus tho creation OF CORES.
bonding amount Of public debt may be avoid
ed.
Il is not meant 10 recommend that The
ordinary and necessary appropriations the
support OF Government should be withheld
but il is well known that at every session Of
Congress appropriations are proposed foFnu
merOus objects, which may OF may not be
made, without materially affecting The public
Interests, and these Il is recommended should
not be granlt d.
The act passed at your last session ''Tedu-
cling The duties. on imports" not having gone
into operation until the first Of the present
month, there has not been time for its prac>
tcal effect upon the revenue and the busls
ness Of the country TO be developed 1t is
not doubted, however, that the just policy
which il adopts will add largely to our for
egn trade, and promote the general prosper
lily. Although il cannot be certainly foTe>
seen what amount of revenue il will yield, II
Is estimated that it will exceed that produce
r ed by the act of 1912, which it superseded.
The leading principles established by it are,
TO lew The taxes with a view TO rails revenue
and to impose them upon the articles impor~
ted according TO their actual value.
, The act Of 1912, by the excessive rates
of duty which il imposed on many articles,
r either totally excluded them from imporIa>
{ ton, or greatly reduced the amount imPor.
ted, and thus diminished, instead Of produ~
2 cling revenue. by it the taxes we're impOs~
) ed, not for the Legitimate purpose Of Tais~
/ ing revenue, bot 10 afford advantages TO ia"
! Vored classes, at the expense Of large mas
ioTIy Of their fellows ilizens. These em>
D plOyed in agriculture, mechanical pursuits,
{ commerce and navigation, were compelled
: to contribute from their substance, 10 swell
D tho profits and OVergrown wealth Ofthe COM
! paratVeY few who had invested their capital
in manufactures The taxes were not levi
) ed in proportion 10 the value Of the articles
/ upon which they were imposed, but widely
. departing from this Jusl rule the lighter taxes
5 were, in many cases, levied upon articles Of
\ luxury and high price, and the heavier taxes
On those of necessity and low price, consu M
! ed BY the great mass of the people. II was
a system, the inevitable effect Of which was
to reliev favored classes and the wealthy few
from contributing their just proportion for
the support of government, and to lay the
burden on the labor Of the many, engaged in
4 other pursuits than manufactures.
: A system so unequal and unjust has been
superseded by the existing law which imposes
5 duties not for the honest or injury Of classes
or pursuits, but distributes, and, as Tar as
y practicable, equallzes the public burdens
ali rla
8 favored classes, who under the unequal and
c unjust system which has been repealed, have
F. heretofore realized large profits, and many
Q fOf them amassed large fortunes, at the ex.
pense Of the many who have been made
+. tributary 10 them, will have no reason to com
! plain u they shall be required to bear theiE
lust proportion Of the taxes necessary for the
support Of Government. So far from II, il
will DO perceived, by an examination OF the
4 existing law, that Determinations in the rates
q Of duty imposed, within the revenue prInCi-
pie, have been retained in favor. The incl
J. denta' and against foreign competition which
n they still enjoy, gives them an advan-
Il lage which no other pursuits possess; but o
q this none others will conn lain, because The
4 duties levied are necessary for revenue
q These revenue duties, including freights anC
charges, which the importer must before ht
, can come in competition with the home man
!. ufaclurer in our market, on nearly all on
il leading branches Of manufacture, 10 NOR,
O than One.third Of the value Of imported arIi
lr Gle, and in some to almost one half il
le value.
Of With such advantages, it is not doubted
le that our domestic manufacturers will CoRtin
At ne TO prosper, realizing in well conducted
n establishments even greater profits can b.
a. derived from any other regular business
1t indeed, so far from requiring the protection
a of even incidental revenue duties, our man
le ufacturers in several leading branches ar
Or extending their business, giving evidence O
I. great ingenuity and skill, and of their abilit
DR. TO compete. with increased prospect of sue
}. cess, for The open market Of the world. Do
d nestle manufacturers, 10 the value Of sever
ID al millions of dollars, which cannot find
d market at home, are annually exported 4
n foreign countries. With such rates Of dulie
as those established the exislinglaw, the sys
N tenn will probably be permanent; and CAPT
', italsts who have made or shall hereafte
d make, their investments in manufactures
I. will know upon what to rely.
,fl The country will be satisfied with thes,
}, rates, because the advantage which the man
- ufactures still enjoy result necessarily from
IS the collection Of revenue for The support o
o government. High protective duties, from
d their unjust operation upon the masses o.
d the people, cannot fail 10 give rise 70 extern
70 sve dissatisfaction and complaint, and Il
r, constant efforts TO change o. repeal them
n rendering all investments in manufacture.
c uncertain and precaTio0s Lower and more
d permanent rates of duty, at the sane time
Al tbat they will yield to the manufacturer fail
of and remuneTaiing profits, will secure him
against the danger Of frequent changes in
1t the system which cannot fail 10 ruinously eff
" feet bis interests.