Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-01-15

Walker himsef and say it is wonder he tainted und
| the attempt
Sir, the honorable Secretary has in his report three gre
objects in view The first is to prove that low duties awa
produce increased revenue the second prove that Il
reduction Of duties has produced not only increase Of ia
ports but of EXPORTS and especially of the exports of rea
stus and provisions and the third is show that by
ducng the duties and increasing Imports he has benete
the farming, mechanical and manufacturing interests OF Il
country Yes, to show that importing foreign goods by mi
lions millions, and sending money out Of the country
pay for Them is the way to help the interests Of America
labor Yet SO says the Secretary.
The first position this report attempts TO establish that
project Of reducing duties has produced increase of eg
nions OF dollars in the So far is this from ben
true, any thing like the TRUTH that will show that nsen
Of bringing into the Treasury eight millions more, il hi
actually brought S202, 657 less than would have been
ceyed during the last year, had the tariff of 1912 remained
operation blunder Of the small Of fifteen millions
| dollars In single year. Wa
gentlemen viii look at the first pages cfc three last an
nua reports Of The Secretary they will find that by his
showing, the tariff Of 1912 produced ls45 S2 52a
IN 1916, SIC, 49, 667 and In lS47 under Mn MaIkes'
tariff OF 1916, he received only 1884, almost tire
millions less than received in 1916, and nearly four mil
lions less than in ls45 Now sir by looking the late
port OF the Secretary, appears that last year imported
about ten and half millions dutiable goods than
lS45, which, at 80 per cent? the average duties under the
tariff of 1912, would yield So 49, 49, which, with the
cess received in ls4S s47 1885, makes 202,
Coz more which would have been received the tariff
of 1912 had not been repealed This mahemacaly true;
says the revenue has been increased than eight millions
of dollars.
In his last session he gives his estimate for the
proceeds of the present last year (sf) at 27 1885, 73
yet has actually produced but s23 S64, than four
millions less than his official estimate Yet both he and
the model President that the tariff has than realized
the most angune hopes of its friends confess do not
comprehend statements like these Perhaps the Secretary
may explain them.
Nowas hemodus operand, the legerdeman the sIegh
ohand by which falsehoods made to appear true, the
plan by which he attempts make tout that he has received
more revenue underline tariff Of s46 than was received under
that of 1872 How is this done9 II is done by cutting up
the years taking few months of year AMI four five
months of anoheve months under the tariff of 1912 and
under the tariff of 1916 Every body knows the tariff
OF sic passed in july and did go into operation till
Defenders during this time mpospayng duties almost
entirely arrested The fact being that the duties would
few months be greatly reduced very large amount of
goods which would have in and paid duty according
the then existing tariff Of 1912 withheld till the duties
c'me down. They were piled up in warehouses kept in
bond till the tariff of 1916 and low duties took effect be-
Sides goods which had paid heavy duties reexpoted
and the duties withdrawn from the Treasury During this
period, of course, little revenue, comparison coming
in though the country still nominaly under the tariff of
1872 Now these the months which this very fair and
candid Secretary takes for his estimate of the produce the
tariff Of 1872. As the reduced tariff Of 1916
into operation all these goods which had been held back wait
ing for the reduced duties at poured in and in
pours by millions The goods and duties withdrawn
from the tariff of ls42 under the tariff of s46
aud these the months which this truth Secretary
takes showing the comparative product of this model tariff
conasted with five months of the tariff of l642 giving lit
tie Millions when for years before the
nue. had exceeded average Of twenty millions
And this put forth fair comparison This is decep-
ton. Oh, this is fair This is the way to bring truth
to the people He might well compare tic strength Of
giant and that OF child, by putting down what the giant
could lift when his sick bed and in his last hours and
what the child could lift in the vgor of health and under
sudden and violent excitement Would this be very
actoy way Of proving that the child stronger than the
giant
The thing the learned Secretary attempts prove IT,
that under low duties is always obtained than
under high duties To show this he selects years income
under high tariff and ten years under low Heleets
years from 1882 TO 1872 under the compromise BILL for
his o,U tariff and years, from 1924 1892 eight years
under he high tariff Of 1924 and 1929 with years under
the tariff of 1912, the high tariff period. Now, assert
that in the very years which he relies and which he has
selected for the comparison his figures prove that he
got less revenue under the high than the low paid, but il
proves that he got eghtyftco millions under the high
tariff than he did under the low For the proof refer gen
cmen and the Secretary to his official report the
finances in sI5, page $685. Here you have his report
Take it down, gentlemen desire you take minute Of
what state for what say prove hope the chan
cellor Of the exchequcr that Mr. McKAr) will pay
special attention TO these statements say, Mr. Walkers
showing that under the years OF low tariff the
ccps S2l4, ss5, s5s, and that under the high tariff
years the receipts 1927 si2,2l5 Tie difference in
favor Of the high tariff is $751; $50 356Ss, 1885, 635 per
year and yet the Secretary and the President say that all
experience proves that low tariffs give the most revenue
Whether such statements proceeded from ignorance or design
be would not say but il the other refer (said
Mr. s. to day. 10 date, book, and page Let them look Of it,
want Mr.. Walker himself look il. suppose when he
sent his book, with all these confident statements, support
ed by figures too, he thought would its purpose He
to his character for truth and cando 10 come out and
admit deny this statement authorize some friend TO do
il for him on this floor Will ii he done We will see.
And for his positions the subject Of exports. The
Secretary arms that the balance of ade is always in
favor under low tariff that exports exceed our impos,
and that the exports Of breadsus and provisions especially
increased Now that deductng the imports during the
ten years Of high tariffs selected by Secretary for compa
rsonyom the imports during the years Of low tariffs and
would appear that the balance against the country under
the low tariff S40l 976 076-equal to $40 1877 COZ
and deducng during each period the goods exported
the balance against the country would be increased 10 the
of Si23 ASS 724 And how had it been paid BY hun
ded millions OF State bonds sent TO Europe to pay for goods
mercantile debt Of nearly equal amount, resulting the
end Of the low duty PERIOD 10 1910, Al and a. in repu5a-
ton aud bankruptcy, State NATIONAL and individual through
the land Yet told by the President and Secre
ry that low duties produce prosperity, national and individual
and especially the prosperity Of the farmers and aborcrs ohe
"toling millions.
But this is not ALL Take the exports from the imports du
ring these ten years OF low viii be found that the
debt against The people Of the United States in favor Of TO-.
reigncs is Sl76 1866 242. What Of national prosperity
is here exhibited
Such Is the evidence in favor Of Mr.. Walkers position that
low tariffs ALWAYS turn the balance OF trade in our favor Such
the happy effects Of his policy of free trade Low tariffs
always have been always will be the ruin Of the country
Let any look the Of general distress which al
ways have followed this insane policy the ruin OF aouhng
establishments the multiplication OF bankruptcies the aycr.
semens Of sher sales, the destruction Of credit aud conf