Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1850-12-09

+ from other Governments, lit Is hoped tha
some plan may soon he devised 10 etfec
THE object in a n,lnaer lrkeiy':n give gene
raj satisfaction. HE Government aof3ih.
/ United States " i'll not !fi,il. by The exer
else of all proper friendly offices. To do ALI
IN its power TO PUT an end7fm he'acsstfuc
tive war which has ragcd ati,etweeh liht
lditferen; l,nrls oi' the islprd, nnds tn secure
+; 10 them both Tie benefits Of peace and com
nicrce?@s "s1'rnrf - "a zsus-isf ia so gggtags
refer youto the report % f the 'Sccreta-
| ry of the 1'reasur, tsn q detailed rsluletnenl
OF the finances i.l 14nf 'eufsun.1 sgg Fise
| The total receipts into the Treasury,
for the Year ending 30lof June last. t.were
forty. seven million four hundred and TWEEN.
ty one thousand seven hundred md forty
leigh, dollars and ninety cents, (S47, 42l -
746 90) 'f'sH Eaizaa19s4 afE p isiif seq,
The iolal alexbenditures during the SAME
period were forty yttree million two thou
sand one hundi ed and sixty -eight dollars
and ninety cents, s49, 0o29 6S.s 90 bsud.
The public debt has been feduced, since
the last annual report from the Treasury
Department, four hundred and ninety five
thousand two hundred and seventy six dol
lars aud seventy nine cents, (S496, 21G9
79.) ig+1s 31Ea,l 81. zaga5T5s sses4 ed
a By the 10 |, section. Of the. ncl Of. % h
January, is II, the proceeds OF the sales of
the public lnuds " ere pledged for The ,io-
teres, rdprincipal OF the public debit.
The gfea, amour! Of those LAMBS subse-
quently granted by Congress for military
bounties, will, tits believed, very, ricarly
supply the public demand forseveralI renrs
to come, aud bu, little reliance can, ,isere.i
fore, he placed on that hitherto fruitful
source OF re, eaue.r F1sg33assag sa5 70
, Aside from the permai,onls annual ex-
pendi,ures. which hnse necessarily largely
increased, a portion Of tho public debt.
arouu,iugiu eight millions seventy five
thousand mind hundred and eighty-six dols
HAIRS and fifty nine cents tSs ,075 ,986a 59)
mus, be provided for within the next two
fiscal years. 1T. is most desirable that
these accruing demands should bcmet with.
OUT resoriing TO new4loans.z aias9 aa' gEGE -
All experience has demonstrated the
wisdom nnd policy ofraisipg a'7argeztpor
tion Of ofrevenue, for the supper, Of Guyern-
4nent from duties on goods lmIorted .5-1l he
power to lny these dunes is unqucssipnab BILE.
and it's chief object. ni course, is to repien.
sh the treasury But ii 8ir deifg his, aii
incidental, advantage mav be saihsd by
encouro ging the industry ofoursown rciii
zens, il, is our duty to avail ourselves oi
hat advantage. e5 !i1Gs fqIagasagac9 gh4
A duty laid upon an, Article which can
not be produced in this, icountry-sucl as
tea or coffee-adds to the cgst. of the, ar,i
Gle, and is chiefly or wholly paid by the
consumer. Bat a duty lad npen, an arti;
.cle which may be produced here, stimu-
lates the skill and industry OF our own
country to produce the same article, whi,ll
is broug into the market in culnpsiitioa
with the foreign article, and the importer
is thus compekedoto redaee the price 10 that
at which the domestic article can be sold
thereby throwing a part of the duty upon
] the producer Of the foreig igu article The
continuance of this process creates the skill
and invites the capital. which finally ena-
ble us to produce the Article mach cheaper
! than it could have been produced from a.
broad thereby benefitting both. the produce
er and consumer at home, The conse
quence of this is. that artisan, and the
agriculturist, are brought together, each al
fords a, ready market for the produce d
the other, the while country becomes pros
perous; and the ability to produce every
necessary of life renders lis independen nj il
war as well as in peace. -4. + -.fssi .fsao.
A high tariff can never be permanent. j
will cause dissatisfaction and will be chang
led. Ii excludes competition, and thereby
invites the investment Of capital in manu-
factures TO such excess, that when ellangec
lii brings distress, bankruptcy, and ruin
upon all who have been mised by its faith
less protection. What the manufacture
wants, is uniformity and permanently, tha
he may feel confidence that he is not t.
be ruined By sudden changes. But to max,
tariff uniform and permanent, it is no
only necessary that the law should not b.
altered, but that tho duty should not fuc
tuate. To effect this, all duties should b.
specific, wherever the nature OF the articl,
is such as to admit Of it. nd valorem du
ties Huctuate with the price and offer strong
temptations to fraud and perjury. Specific
duties, on the contrary, are equal and uni
4 form in all ports, and at all times, and Of
! fer strong inducement to the supporter Il
bring the best article, as he pays no NOR
4 duty upon that, than upon one Of inferio
quality. i therefore strongly recommen'
a modification Of the present tariff, wlicl
} has Frustrated some OF Our most importan
! and necessary manufactures, and that spe
cifc duties be raised sufficient TO raise tn
! requisite revenue, making such discrim
ination in favor of the industrial pursuit
of our own country as to encourage hom
production without excluding foreign com
petition 1t is also important that an un
fortunate provision in the present tariff
! which imposes much higher duty upo
the raw material that enters in our mans
, factures than upon the manufactured art
Gle, should be remedied, i ~ 15iaglm 81.
The papers accompanying the report I
the Secretary Of the Treasury will disclos
f frauds attempted upon therevenue, in VI
) riety and amount SO great, as to Justify I'll