The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1850-12-11

, in its power, for the purpose Of causing tha,
} article 10 be imported into the country at Z
reasonable price. Nothing will be omitted
} OIL my part towards accomplishing this de-
} sirable end. lam persuaded that in re-
moving any restraints on this traffic, the
Peruvian Government will promote its own
best interests, while it will afford token
Of friendly disposition towards this country,
which will be duly appreciated. The trea.
ty between the United States and bis Ma.
jesty the King Of the Hawiian Islands.
T which has recently been made public, will
at its delivery, have beneficial influence on
the relations Of the two countries. The
relations between those parts Of the Island
af St. Domingo, which were formerly colo
nies Of Spain and France, respectively, ore
still in an unsettled condition. The proxim-
itv Of that Island to the U. States, and the
delicate question involved in the existing
controversy there, render il desirable that
it should be permanently and speedily ad-
Ijusted. The interests Of humanity, and Of
general commerce, demand this; and
intimatons Of the same sentiment have
been received from other governments. 1t
is hoped that some plan may soon be devi-
sed to effect the object, in manner likely
to give. satisfaction. The Government Of
the United States will not fail by the exer.
else Of all friendly endeavors to do all in ito
power TO put an end to the destructive war
which has ragged in the different parts Of the
Island, and TO secure to them, both the ben
efits Of peace and commerce.
/ I pnfon 20 h. Dono.A oc tho
ry Of the Treasury, for a detailed state
ment Of the finances. The total receipts
into the Treasury fnt the year, ending 30,h
Juno last, were S47,421 ,74s 90. Total
expenditures during the same period, were
$43, ,O2l $3.50. The public deb, has been
reduced since the last annual report from
the Treasury Department, S465, ,276 3d.
BY the 10Th section Of the act Of the 29,h
Of June, lS4s, the proceeds Of the public
lands we're pledged for the interest and
principal Of the public debt. The great d.
mount Of these lands subsequently, granted
by Congress, for military bounties, will, it
is believed, very hcatly supply the public
demand for several Years TO come, and hut
little reliance can be placed on that highly
nrnftable source Of government revenue
From The permanent annual expenses
which have necessarily largely increased
IN portion ofthe public Debt, amounting Ia
$s.77O,S59, or ttiiIst be provined for,
within the next fiscal year. I, is most de-
sirnhle ihnt accrning demrnds should be
met, without resottipg 10 new loans.
All experience, has demonstrated the
wisdom and policy Of raising large
portion Of the means for the supper, Of
Government fre,n duties on goods impnr-
ted. The power 10 lay these dutiee, is un-
questionable. and its chief object is to re-
plenish the Treasury. But If in time, an
incidental advantage may be gained By en-
couraging the industry ofour citizens. il is
nur duty TO avail ourselves Of that advau-
iage. A duty laid npnn an article which
cannot be produced in the country, such as
tea md coffee, adds TO the cost Of the arii.
Gle, and is chiefly or wholly paid BY the
consumer; but duty laid upon an article
which may be produced here, stimulates
the skill and industry Of cur own country
to produce the sare article which is brot' in
competition with the foreign one. The
importer is thus compelled 10 reduce the
price at which the domestic article can be
sold, thereby throwing a part ofthe duty
upon the producer, instead ofihe consumer
at home, the consequence Of this II, that the
artizan and the ngricul,uralist are brought
together, and each affords ready market
for the other. The whole country thereby
prospers, and the ability TO produce eve-
~ necessary of life, re ndefs US Independent
in war, as well as in peace. A high Tariff
can never he perrlanent. 1t will cause
dissatisfaction, and will be changed. 1t
excludes competition, and thereby causes
the investment Of capital in manufactures
to such an extent, that when changed il
brings distress, bankruptcy and ruin upon
all who had been misled by its fatal
protection. What the manufacturer wants
is uniformity and PEI ma nency, that no may
feel confidence that he ia not TO be ruin.
ed by sudden changes. But to make
tariff uniform and permanent, il is not on
" necessary that the law should be equitn.
ble, but the duty should not fluctuate. To
effect this, all duties should be spec i6c
wherever the nature Of the article 10 such
as to admit of it. Advalorem duties fuctu-
ate with the price, and offer strong tempta-
tions to fraud and perjury. Specific duties,
on the contrary, ore equal nnd uniform in
all their parts and al all times, and offer
strong inducethent to the importer TO bring
the best article, NJ he phys no more duty
upon that than an inferior quality. !
therefore strongly recommends a modifca-
,ion Of the present tariff which has prostra.
ted some Of our most important and neces-
sary manufactures, and that specific du-
ties be imposed, ,sufficien, to raise the neces
.ary revenue, making such Determinations
in favor Of the industrial pursuits Of our
own countrymen, aud sufficient to en-
courage the interests Of our own country
and productions, without excluding foreign