The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1848-01-04

there shll be necessity for if, the fact wi
be communicated ID Congtess, in lime for tn
action during the present session. In no e
vent will snm exceeding $4,000, ,000 of thi
amount be needed before tue meeting Of tn
session Of Congress of lS4S.
| The act Of July, 1916, reducing The duiie
OIL inposs, has been in force since the Is
Of December last; and am gratifed to stat
| that all the beneficial effe CTS which were an
tcipaied from, its operations have been full
rsal,zed. The public revenue derived frol
customs during the year ending lst Of D.
cember, ,lS47, exceeds,by msie than $1,000
GOO; The amount received in the prsc edn
year, under the act Of lS42' and which wa
upsrcededby it. lis effects are visible i
the great and almost unexamplcd prospsrit
whchprevas in almost every branch olbus
ness
While the repeal Of tho prohbitory ant
restrictive duties Of the act If 1912, and tn,
substitution, in the il place, of reasanoble rev
enue IA tS, levied n articles imported, ac
cotdhg 10 their actual value, has increased
the revenue, and augmented our foreign
trade. All the great interests nave beer
advanced aud promn,ed be great ard impor
tant interests which hod leen not only tc
I ma ch neglected, but actually taxed by the
pro, Give policy, for the benefit of other in.
ereHs, have been relieved of The burdens
which that policy imposed upon them; oui
farmers and planters, under the more JUS
and liberal commercial policy, are finding
md ,la rtnfz al
augmented products. Our commerce is rap
idly increased, and is cxton1ng more wide
ly the circle Of international exchanges
Great as has been the ntrease Of ourimports
ofthe pas, year Oil exports of domestic pro.
ducts, sold al iorcigu markets, have been
still greater
Our navigation intorcsiesis is eminen,ly
prosperospSrous, the number of vessels built
in tho United States is greater than during
any period Of equal length. Large profits
have been derived by those wlu have con-
strnc cd, as wellas by those who have navi.
ngt-d them. Should the ratio ofincrease
ia the number of ohr Meichanl vessels, pro.
gressive, and be as great for the future as
during the past year, tie time is not distant
when our tonn1ge and commercial marine
will be larger than that Of any o her nation in
tho world. Wills, the interests Of agrcul-
iurr, of comuerce, and of navigation hava
been enlarged, it is highly gratifying to OBJ
serve that our manufactures ars slso in pros
porous condition.
None ottlie ru.nnus effects upon these in
rasls which were apprehended by some
rs the result of The operation Of The revenue
system established BY she ac. of l647, have
been experienced. On the contrary, the
number OF Manufactures, and of the amounl
of capIml invested in them, is rapidly incrcas.
ing; aiiordng gratifying proof thai American
enterprise ,nnd skill employed in this branci,
of domestic industry with no other advania-
yes than thoselaiily aud incidentally sccru-
ing from just s, ,sicm Of revenue duties aIe
abundan'ly able TO meet successfully all
competition profits.
While c'pi,al invested in manufactures
is yielding adequate and fair profits, under
the new system. the wages Of labor, whether
employed in manutaclarcs, agriculture, or
navigation, have augmented!
The telling L.ilions whose daily labor fur
nishes supplies Of food and raimenl, for all
ih. nee ssaries and comforts of life, are re-
cevng wages, and more ieady and psrma-
nent employment, than in any other country
| or in any previous period of our own history
So successful have been all the branches
ofour industry that forcig war, which gen.
orally dimnishos the resources Of a nation,
has in no essential degrees retarded our on
ward progress or checked eur general prosper.
ity.
With such gratifying evidence Of prosperi-
ty and Of the successful operation Of the rev.
enue act Of 1916, every consideration Of pub
lie pslcyrecommeuds that it sha II remain un-
changed. 1t il hoped that the system Of iln
Sosdu'es which it establishes may be rsgar-
ded as tho permanent policy; and the great
nleres; affected by it may not bc again sub
iec,ed to be ujurously disturbed, as they
have hereto, fore been, by frequently and
sometimes sudden changes.
For The purpose Of increasing the rcvcnue
and without changing modifying the rates
imposed by ,he act of lS46, or the duiiable
articles embaaced is it previous, again rec
ommend to your favorable confederation, the
cxpeaiency Of levying revenue duty on tea
and cofs. The policy witch exnpted these
articles from duty, during peace, ceases 10
exist when the sountry is engaged in war,
and requires the use OF all it available resou,-
ces. .a
IL is tax wi! ich would be so generaly diff.
fused, that it would be felt oppressively by
none sand BIZ complained Of by none. tits
beloved that there is not in the list of impor-
ted articles, any which are more properly the
sabieets Of the war duties.
! Il is etimatsd that three millions ofdollars
would be derived annually from a tax mpos-
ed on these articles, ...
Should Congress avail itself of this ,addi-
t;onaI sc,,rcas N fravenue not onlv wonld