The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1851-09-30
TER NJ s---Tsvo DoIiarB ss er gisyasasss
s- EnAdyaMce. SO
!, No !. 81
imports, to the extent Ne have csti.l
mated, Of Sc, 900, 900 ansalallY ss.,3. 4,


imports, to the extent Nc have ST..
mated, Of $4,000, 900 annually am sss' ss's.
This series of effects would oilow.
although the North should isot ratnli
Eate by imposing COM, tsfgallng
duty on South Carolina preduefs
simply from the operation pf an &,
Eport duty, gradually mere asii.l plllls,
Northern prodpct, but iii iii the
case the effects would be more sloss
in the other they would be great
accelerated: It lnay and probabi 1
VIII happen that mutual irritation Be-
ing engendered the intercourse my
be cut off long before the operation
Isof circumstances which progsegsiYely
change the CHARACTER Of thllat inter
course. = B.
Now, whenscigh millions of dSltars
are cut Hft from cur exports, ami, sa.,...
. qilantIy, from our imports, thege
rc1nain But S;3,oO0,Do0 on aliiiel, d 4
revenue foulQ be raised from The
latter. To produce s. ,2Op, 900 from,
$4,000, 900 ofimports, would require
aarato Of duty otif d I; 80 poi cen BIS
may be said to present an .extrsma
supposition. Such, however, would
be the inevitable tendency Of, spcf, d
scheme Of taxation, that changed tho
distribution ofcapital, !. ii conseaue uenca
of an impost raising the price Of.
articles of necessary consumption. \.
Long before this point had been.
reached, however, there would lie ar:
extensive emigration pf capital. The
final result would not be changed ;fa
portion of this $1,000 900 wcra
raised BY direct taxation. In the
one case it would be q tax on 4 cou.i
sumption --in the other ON capital.
The State Of South Caroiina ;api9$s
not bear such bnrthen s;,a
raise H:.a 'nu:ilts s..ar 83,.ssy .Ettsss
s''e lI4N :..gn:ts r0!l ls1 aesss:t. &c
cnnuAtad % st;ppi, !l.'ss vans :.s.s.s
tie use Of aofttoslt lnti sssss5 H.
I s',a!se, ,,syi;e -.
| position If Rut.t ;.s .lss,,i & I, Z
easy aoiutions l.g, i lssf:ss poss asa, st 81
of s"%dlr- IT'S results when tiis:
4 81. ,aS:i:54a .oigtnc State ssoouo,UaD q
is multiplied fvefold. But tho
question assumes quite anotheraspects
when a change Of revenue system 4
involves an alteration in tho whole
scheme Of industry, more especially,
Oh the unsupported hypotliasis pf
Rutlcdgc, that by such srhangp Souts,
Carolina would be throwing off q
burden Of $4,000. 900 per annun. m 4 q
We have shown, 10 conelada,
l. That the contribution 3pf South,
Carolina in duties, underthc existing
tariff, docs not exceed S50o.OO9
annually, 2. That instead of thero,
being large profit to the north on
the Exchange drawn against South
Carolina exports, the gain in a great !
degree OH bills purchased and drafts
sold ensures to South Carolina banks.
which are distributed among their
stockholders. 3. That the freislits
earned by the North on South Cars y
DINA products could not be obtained
by her unlessshc largely changed her
investments in building ships and
navigating them. 4. That tho !
mercantile profit on our exports aud
imports received Indirect, will fall In
as part of South Carolina income ilu,
from trade, Whenever she asaniires.
commercial capital for tue direct
tradc, gradually and cauliousiF
Widening the sphere OF its o1oratiiol..
>. That south Caroline cannot
change her revenue s3ssela, All
proposed BY Rutlcdgc aiitllaal
distribution, entirely new &c her
agricultural capital, greatly aifpeting
her exports, and leaving burdens Oh ]
I consumption from inairect lax aation,
i from which siio 81 now entirely
exempt, whilst there 5is imminent
{ hazard that an extsnsiYe chi Ion
hof caPi1al5Moald folles So porsart !,
a change, s.
R.IHER tttE .st man consulted as,u
OF our lawyers the 81 tlIerS day, in q cass.
!awliehdid not lock ayaef right 81, lbs ,sga
SUE. Afief he llss inid Ills siasY iia SAID, s.
4 there npw.yon have the facts want YOU
4 70 iiS them vi, in COED shape, aTss ii anr I
'a'sefooas are ? needed. just put sl,nln ii Id
4 flsnit yourself &. .
q . : IS
hRxPIY 10 4 CifaL enc. - ne follow,
ing is The reply qt Coleaei GapdIpaF, .
Brsls. sitlcef Of dist Inet3ai. md faler,
1tzto challenge sent him b. 4 yoaag id dYesi,
: ftGrcr :ls ss # rs -
I fear not Your sword, but ID ii lgssr sS
my God dare sentu 70 isiy SOD 4 ii, i lrssssi
cause, but ran't iiasarfi my seal iii i had
! .pne. will charge up tp the pannon's
mouth for the good ossnly easlnfty, but
want courage ts 5. ora, tho Satan