The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1851-09-16
From the Charleston Evening News.
The Kllilct1Ge Pamphlet.

From the Charleston Evening News. )
The RNiIcdge Pamphlet.
Since the discussion Of the various
schemes propounded for raising revenue
IN case Of separate secession, mere out.
lines have been presented of the State
finance. No analysis has been present.
ed Of the results, under one or another
OF tho system of imposts suggested,
which may operate upon our peculiar
powers of production or capacity Of
consumption. Ii seems not to have
been imagined that change in the es.
lablished system Of taxation involves a
change in the distribution Of capi,ul,
greater or less, according to the extent
and character Of the change. To sng.
gest the substitution Of a scheme of re-
venue which Processes 10 raise four mil.
lions of dollars OIL $12.O0O,OOO of i'm
ports, for another scheme in actual ope-
ration, which, from the same source is
derived only S5OO,OOO annually, is Of
itself sufficiently startling, and, if prnc-
,icable, would be attended by consc-
qucnces no, forcseen by the suggcs,ors.
We say practicable, for if Rutledgc's s
plan could be adopted, of imposing a
duty Of 80 per cent on all tho imports
consumed in South Carolina, it would
be accompanied by SO large an emigra.
ton of capital as soon 10 leave in The
State few resources OF taxation. The
expectation would result in sore disap.
poin,mcnt, TINT new burden like this
would find lis equivalent in what could
be saved by discurdiDg tho United
States tariff, and cngrossing oil North.
ern gains made out or exports and i'm
ports, in the form Of frcigh,s, mcrcan-
tile profits, &c.
Let US then take Rulledge's s estimate
OF the amount Of revenue which he
deems adequate to tho new position ;ha,
no wishes South Carolina to occupy, as
at all mcriling examination, 1t is on
lafge scale Of reduction from several
budgets we have seen. We shall de.
mons,ratc we think, tha, il would be
productive Of an amount Of revenue
incommensurole 10 the sncrifices i,
wouldlrequire. In page will be found
The following estima,as--Present ex.
ne uses of slhe government; including
!, y ss.FsI OH,
3hos' 'ae.hF, f''TrSiic IfFssiiSnt is.00D
s.a5inns q four score: "a riya and clerks so,ooS
Charge d' Affairs and consuis twelve IN .'5si
;, number 10000
Post Office Department 10000
Military establishment 100 O00
i>"'a' 'es'a"'''t'''thi 100, Geo
Total sl.565, 900
Our present purpose is not to inquire
into The items OF this account, bu, 10 ex.
anime the result. Before, however,
we DO this let us make n few prelminn-
~ remarks in relation 10 the commerc
between South Carolina and the other
STATES, for n c'enrcr understanding Of
The subject than seems generally preva-
lent. We have estimated that South
Caralina consumes annually value in
foreign commodities Of abou, $500 900,
out OF an aggregate import OF about
Sll 100000. The domestic import is
consequently between eight and nine
millions of dollars.
The largest value taken from South
Carolina for this grent mass Of imports
assumes an indirect form. Ii is com.
Putcd that 500, 700 bales Of our cotton
nrc consumed by Northern manufactu.
rers, which go direct, but at leas, two.
thirds Of our domestic imports are paid
ior in Exchange drawn against funds
placed IN northern cities by the sale of
our agricultural staple TO third parties.
a very large portion Of these payments
is thus liquidaled by drafts, and vcrv
small share by specie, except for live
stock, us might be the case il we had
not, as means Of payment CONNER.
cial equivalent in universal request.
The payments direct in Cotton, Rice.
and Lumber cannot exceed $4,000, 900
annually. 1t would thus appear lha,
the indirect trade, amounting 10 abou,
sb'ooo.ooO, supplies this amount Of
drafts, from the premium on which as
VIC before observed, the banks largely
increase tho dividends for their stock
J. holders; Whilst this supply of funds
furnishes great facilities to domestic
importers, indirectly aiding the sale of
our principal staples. South Carolina
thus phys for the Corn OF Virginia and
North Carolina, the Flour Of MARYLAND,
the Bacon and Lard OF The Western,
and the manufactur. Of the Eastern
States, which she finds it more. protiia.
bic 10 import than to produce. This
detailed explanation is. unnecessary 10
those who live within the circlo OF
commercial transactions, but there is
much misconception abroad in relation
10 The presumed loss on one side and
Tie profit on tho other by the indirect
interchange Of Southern for Northern
products, which it becomes necessary
10 correct. We clearly perceive then
that there is large gain on about
S6,000,000. Exchange by our banks,
arising from this circuiious intercourse
besides nitording incalculable facilities
TO importers and, consequently, 10 con.
sumers of domestic imports. Now TO
tax these imports, in even the limiled
degree, to raise revenue, as indicated
by Rullcdge. wonld be, in fact losleyy
an imPost on a large, proportion Of our
own industry md products.
Souli, Carolina supplies, as we have