Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1857-03-28

4 nOthlng pIalnIy
does such fact show the extravaganza of the usual ideas
upon the subject of protection
But sir in point of fact there another reason which
should induce him to lay aside all in regard
TO the price OF the wool It is the the raw
rial for all textile fabrics is rising rapidy and rising
every where The demands of the manufacturer are so
great that raw WOOL silk fax cotton all are rising SO as
anord the best prospect to the producer of ample
prices hereafter believe that the effect such change
as that which propose general reduction of something
Ike onefourth IN the taxes laid the people will be to
remove the heavy Weight which lies on the spring
OF productive industry and send forward all our great
industrial pursuits with bound The NAVIGATOR win
launch more ships the ocean, the cotton planter will
put out larger breadth of his crop the farmer win in
his fields the grazer his herds the manufacturer
ms splndles yes sir, and the sheep-naster will
stock his pastures and his walks with larger Hocks
These great interests viii grow at the expense of
each other, but with mutual support and sympathy The
increase OF one viii but extend the market for another
Auxar1es and not adrersaries they viii live and thrive
together.
all this be the only other question which suggests
Hse TO US IN to this matter is will the proposed
scheme produce the esred quantity Of reyenuei Upon
that point am csRyihced, from the examination have
given It, that the danger is that it will produce too
little but too much The estimate Of the Secretary of
the Treasury is that for this fiscal year we shall have
000 OF revenue. The general reduction which
propose is about onefourth viii not say that this is
exactly accurate but 1t is nearly because the reduc
lions of the schedules precisely uniform bat
shall enough for all practical and approximate
purposes when say that the reduction is about one
fourth When you to deduct from the S66 600 900
onefouTth it viii leave about forty-nne or fifty mil
hon but 1t IS to be remembered that the of those
duties which has heretofore been laid in the shape of
price IN the consumption of these commodities viii not
the less be invested in them when the price is lower so
that 1t is fair TO presume that the consumption these
articles will be increased by the of the reduction
OF the duties and the revenue by the average rate of
duty them. The present average is nearly twenty
four per cent the reduced average will be about eighteen
per cent We shall find when we come to put this eieh-
1I1fiac
will nevertheless be laid out in imports that the amount
OF revenue will at least be fty-two fifty three millions
OF dollars have tabular calculation that basis for
the year $780, which gives less of course the receipts
of that year less than those estimated for this But
need not go into particulars. give the above as the
round result and whoever will take the pains to make
the calculation that estimate win find that it So
But, sir it is obvious that when we come to reduce the
duties the consumption will be increased; the people
will lay out not merely the principal and the duties here
tofore paid those commodities but something more
so that 1t Is fair to that the from customs
under the reduction which propose will be something
more than the estimate which have given. For The
period it is estimated by the Secretary of the Trea
sury that there will be 0000 900 from the public lands
making some tyseven ty-eight millions of dollars
and he tells that in the last FIVE years the average of
expenditure exclusive of payments of the public debt
has been $4S,000000; that that even this
ductIon, as great as venture at present is
apt produce excessive than deficient revenue
At any rate is far it would be safe under present
circumstances to CO. believe, however the day is not
distant When mere duty hfteen
on our imports viii give more money than ought
/ to use
Such, Mr. President is the probable operation of the
measure which design now to propose / ask very
short time further for the purpose of contrasting with
that which from the House of Representatives The
bill which passed the House of Representatives did moth
ing but add to the free list placed amongst the free
articles others which had last year given of
little six millions of dollars. AL therefore, that
reduced the revenue according to the usual principle
of calculation about six million three hundred thou
sand dollars leaving, if Mr. Guthrie's estimate of
$685. 000 900 be right something like $50 100000 be
derived from customs and this, in addition to the rel
venue from public lands, would give S66 0DeeL;.
which is far too much for the economical ssa1i's y
Government.
But that is not all that bill does nothing for the
| sumner. On all the articles which he uses, the -
main as they are; the addition to the freq ~ =
the benefit of the manufact,keF. Az said before r
first part of my remarks, 4 willing to give the ~
facturer the material for which be creates the 6i
demand ree when you bring down the other duties to
the revenue standard But until you do that am not
willing to give the manufacturer all that he wants. whilst
you leave high duties to be paid for by the
think that every modification should go pan pdssu As
we relieve the one, relieve also the other create
interest in both parties for changes when they become
necessary That is the principle upon which have at
tempted to modify the bill of 1886 in the substitute which
propose but the bill of the House of Representatives
has done nothing of that So far the is
concerned, the tariff weighs heavily him than
before There nothing done except for the benefit Of
the manufacturer and the duties left be paid mainly
on those articles which in competition with the
manufacturer. 1t is true that amendments have been
proposed by the Committee Finance which improved
this bill very much They have proposed in addition
the free list, to diminish the duties one-ffh find on
calculating the upon the principles which are
usuathat is, of deducng merely proportion to the
duties that dimnished-that the scheme amended
by the committee would make about the same reduction
as the modification which propose In comparing the
two they stand, then, thus: the modification which
propose reduces the duties of the articles
fourth while this scheme, amended by the committee,
reduces them one-ffth. The modification that pro-
pose deals equal justice to the and the
aeturer It reduces BOTH and reduces them at about the
same pace.
The bill as sent from the House of Representatives
proposes that whatever advantages to be derived
from its operation shall be given the manufacturer
alone, making his material Free and keeping the
listing rate of duties every thing else the consequence
of which must be that when the necessity arises again
for reducing the duties and changing the system it win
be the interest of all manufacturers to combine and
sist any change whilst, long preserve some
thing like the principle of which have been speaking,
will be the interest of the manufacturer well of
the consumer make reductions and changes when the
system begins to weigh heavily upon the
country If this should prove to be heavy upon the one
it will scarcely be light upon the ether The manufsc-
turer viii gain much by reducing the duty upon the
material he may suppose he loses by reduction
of that upon the manufactured article. Thus we may
hope for something like harmony of effort Thus too
may hope to settle these questions without invoking
party influences to aid and without producing Bit
ter sectional disputes. We should make this mere
question of finance revenue, and not between
classes sections of this country Here sir is of
the just views which, in my opinion, ought to induce
the Senate to act on this subject at Now
treat it question Of revenue if postpone il
for another year. may be that the subject viii pass out
of the region of finance into that of party politics. and