New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-08-12
necessary w the details Of our tam system Sy Tho

Pre- sdei in III. nect ss'y OF reducing the income from
Customs sno fixing the amount OF such r.qunea as
tuotior at zen or twelve millions per anpnm recon-
III, nds Congress 10 remodel the Tariff aot OF 1870, 40
rs TO retain Schedule Of that act, and TO constitute
another schedule 10 inc uds iron, msnutactmes OF o
uohuistfures OF steel, sugar wines, ana Oil taocso
wlioh lib, WOO, cotton fax and hemp component
pat, Whether manufactured in whole or In part ana
TO inpose duty on the of twenty i've or thirty
per cent except baDnes and cloths costing lees than
two collars per yard, and blankets and 10 recon
sruct the free let to include all the raw mate
rae used IN Gu, MANUFACTURES; and to impose 90 AL
articles not in the Schedule OF the existing tariff, in
the new sch, dUle which he propsses or 10 the free
1T duty rot lees than fifteen nor more thar twenty
per cent.
largely dscrininaiive Of them ct 100 per cont,
OIL Of them at 25 30 cent, one ~ 10 or 20 per
cent and free lirt e1empting al commodities wnich
either do not compete with own producfs or serve
for the Advancement Of our manufacturing and sgr-
cu'ui al improvement.
Tie argument as well a. the proposition Of the re-
rort il e1plci.ly 10 this purpor. lie says
"ln recon mending for the third time the remode'-
rg of Il eel edues Of the Tariff Act OF 1885, ana the
r.cuctien Of the revenue from Customs, nave ieN
Constrained by CONVICTION oil ne p0Presy ~ ~
r.y.nue that the materials, used in our manu;ac-
lures sbould be sdu tilted free Of duty"
Under laws of great wisdom and iofecsa, nc ne
Continues AL mar ufs cturirg countries, except the
United States row admit the raw material used IN
their productions free of duty, thereby giving constant
and profitable employment TO capital ana taoor, ana
nab
b,t,er Command both the home and foreign msrAee
with beneficial employment to their tunnsge LID nA"A'
Dg excbai ges. $780,. 4, .;.
me polic, Of fostering our manufactures be again
u,ees nnop The distinct ground that, at the free list
shall be adopted establishing free trade IN the raw
"mattria our manufacturers using TINS raw ma
"t,ial snd thus plsced IN equal comPTutioa WIN
"tbe manufacturers Of other countries, VIII grSdusny
"srd more and more possess themselves Of she nome
market, exclude the foreign article ana reduee 'ne
revenue" .,
-. Ia ats n
CONCLUSION Il the Secretary discussion OF the pohcy
| wb'ch he propose in these exp icit terms;
alt usy be assumed that al dutes, 10 certain ex-
tent raise the price of the imported article to the con-
unsr; ard where similar articles are produced nan
pscured the country impoeng the duty, to the ex-
to which the tax raises the home article II Is PRO-
tective although and not protection is the OBJ
iect of the Law therefore tariff should be levisd ."
| articles not nrod"""" 80 -
4 upess for come countervarg reason
| Established Principle Of Revenue System
Your Committee cling well satisfied that the policy
Of tie natIoD in respect to all the points involved in
legislation upoI the subject of mpos duties is sufh-
GENTLY manifest, think it well to state its principal
doctrines, for the service which such statement Will
| IeIGer to the purposes and objects of this report
| |. The revenue Of the Government is to be raised
from the sales of public lands, duties upon mposs,
and from miscellaneous sources, without resorting 10
| internal taxation, Greet or indirect.
| . The revenue TO be derived from mpost duties,
ar ountipg the average, since the foundation of the
Government TO Fix nths Of the resources relied
upon ha be levied under the direction Oh the ioho"
| il z principles:
is No more money shall be collected than is neces-
ssry for the wants OF the Government, economically
| administered.
| % The dutes shall be imposed a. to operate a.
equally "a possible throughout the Union, discrm,i-
mating neither for nor against any class or secton or
| interest
Sd. Conforming to the objects and limitations of these
rules certain hines of imports shall be subject to varied
rates of duty sbd certain Others shall be exempt fom
duty in such shall best foster and promote
tskp oors 10 distribute the protection afforded
every interest of the people as equally as possible
Your Committee apprebend that these points arc
well taken, and will command the assent OF all parties
But to guard the statement against any possible mis-
copsructon they beg leave to say that by protection
of our home industry they do not intend PROHIBITION Of
.hs rival commodities of foreign countries through the
| operation Of duties bprdepsome to the consumer
nor sny exercise Of the power to impose duties which
shall, il effect, peiyeh the Tariff tom It's legitimate
furction of providing the revenue required, nor any
| such discrimination in favor OF siy one or more
blanche, of ocucton shall be unequal or unjust to
sby other operate njuriously upon any department
of The arts Manufactures, agriculture, or upon the
carrying trade, ioreigr, coastwne, or internal.
Believing that these are the principles which
| truly represent the national judgment; that
they are clearly established in the practice Of the
Cover melt that they conform to the spun. ana puI-
gess by the Constitution; and are well adjusted TO al
the interests of the people, the Committee low return
to the more clfcut task OF applying them 10 the prop
osion Of tn Pr. den and to the exgences Of the in
| terests involved in ii.
The Current Rerenue-/s EZcess-PuNe DEBT
Present and Prospective Surplus in tie I'reasnry
The PIC pOsed Z" revision ana reduction OF the tSrh
"of duties imports il grounded In the Message OF
the President, and in toe Report of the Secretary
upon the fact that "the annual revenue from al
"sources exceeds by many millions OF dollars the
"amOunt needed for prudent and economical admin
| "ntraton Of public affsirs'
The Secrearys Report shows that the balance In the
Tvs IN he LIST of.I
TIE receipts for the scal year ending June 80 1885,
53025,79i received from customs, Gil ,efs
from IL public lands, and e82s 53l from miscellaneous
sources amounting together to Sos 81, 37t-givng
oal for the service Of the sca year ending 3otb
June 1885, Of ee5 l4l SOS. The actual expenditures
| of the same year, including ss,e ,52e, payments
made on account Of the public debt, amounted to
$50 09 $685. leaving balance IN the Treasury, on the
| Lee July, 1855, Of sls,93l $40.
The estimates Of the Secretary, for the year ending
June 80, 1856, Revenue from all sources, s67,-
734 which, added to the balance in the Treasury
July l. 1885, gives the of se6,e507 10 for the ser
| vice Of the year en- ding June 80, 1856.
The expenditures, iucludiDg go 302 800 applied to
tie payment Of the ast nsallmen due TO Mexico, and
the debt due to exas, estimated at vi,
which leaves a balance in the Treasury, on July j.
1876, Of SIS, 500.
The public accounts present the following data for
the inquiry with which We are concerned:
IS eIc iSs o.Ds s..u n note.
Average 6s,ssil5
Tss period. ......... le4pSls
Pa,men's made during the same period on account
OF public debt. redemption of stock, Interest and -
premums.. ..:"... ACKNOWLEDGEMENTS: sHs747s5
Easeneiur,s CT those three years, excluding pub
AhE u.i ip.ntcic for ordinary ass
E.tSste6 expenditure fof Is57............ 57i5iss
50 i8B.............. INSTRUMENTATION. rsISIep
Aver.se sIrusl receipts from customs for same 20.
100 o7"s''