The daily union. [volume] (Washington [D.C.]) 1845-1857, 1857-03-17

should induce him 70 lay aside All apprehension regard
TO the price of the wool 1t is the fact that the mate
rial for all textile fabrics rising rapidly and rising
where The demands of the manufacturer 40 great
raw WOOL silk, flax, cotton all are rising TO afford
the beat prospect TO the producer Of ample prices
believe that the effect of such change that WHICH
PROPOSE general reduction OF somethng like oneourth
in the take laid on the people, will be TO the heavy
weight which now lies on the spring Of productive indus
try and TO send forward all great industrial pursuits
as with bound, The navigator will launch ships
on the ocean, the cotton planter will put out larger
breadth Of his crop the farmer viii increase bis fields the
and the sheep master will stock his pastures and his
walks with larger focks These great interests win grow
the expense of each other but with mutual support
and sympathy. The increase of will but extend the
market for another Auxaries and not adyersares they
will live and thrive together.
If all this be So the only other question which suggests
itself to in regard to this matter is will the proposed
scheme produce the desired quantity OF reyenue2 Upon
that point convinced, from the examination have
given it that the danger is not that i will produce too lit
tie but much. The estimate OF the Secretary OF the
Treasury is that for this fiscal shall have $66ooo
900 of The general reduction which propose
about oneour,h will not say that this is exactly ac
curae but 1t Ia nearly because the reduction Of the
schedules precisely uniform but shall come near
enough for all practical and approximate purposes when
say that the reduction 10 about oneourth When you
come to deduct from the Soc onefourth it will leave
about fifty monsi but 1t to be remem-
bered that the amount of those duties which has heretofore
been laid in the shape of price in the consumption or
these commodities will not heless be invested in them when
the price is lower that Is fair to presume that the
consumption Of these articles will be increased by the
OF the reduction Of the duties and the revenue b
the average rate Of duty them The present average Is
nearly wentyour per cent the reduced average WIZ pc
about eighteen per cent We shall hnd when we come 70
but which will nevertheless be laid out In imports tna tne
Of will at least BIO y-two or hftyhree
millions Of dollars have tabular t.. 81 nn,n on t ts
receipts of that less than those estimated or tn
But need 60 into particulars. give the above as
the round result and whoever Will lake ne pains "
4 he Gale IN mi
But sir is Obvious that when to reduce the
dutieb, The consumption will be the people will
lay out not principal and the duties heretofore
naa those commodities but something more that II
Is fair to thai the from customs under the
reduction which propose will be something more than
the estimate which have given For the saihe period
s a. By the Seer Secretary ,sI he Treasury that
some fftyseyen hy-eight millions of dollars; and he
lls that in the last five years the average expend
ture exclusive Of payments Of the public debt has been
great venture on at present. Ia more apt to
Guce excessive than deficient reyene. any rate
is far as twoud be SAFE Under present circumstances
to 60 believe, however the day is far distant when
mere duty of fifteen per cent imports will
give US more money than we ought to use.
i Such Mr. President is the probable operation Of the
measure which design now to PROPOSE ask very short
which ce fom the House Of Representative The bill
which passed the House Ct did nothing but
Others which had last year given revenue OF little
over six millions Of dollars ALL therefore, that it reduced
the revenue according to the usual principle Of calculation
was about six million three hundred thousand dollars
leaving if Mr. Guhries estimate of SOC 100000 be right
something like $6o,ooooOo to be derived from customs;
and this In addition to the from public lands
would give 100000 OoO which is far too much for the
, economical wants of this government
But that is not all that bill does nothing for the
sumer On all the articles which he uses the duties re-
main they the addition to the free list is only for the
benefit of the manufacturer As said before in the first
part of my rec arks am willing to give the manufacturer
the MATERIAL for which he creates the only demand
free when you bring down other duties to the
nue. standard Bot until you do that not willing to
give the manufacturer all that he wants whilst you leave
high duties to be paid for by the consumer think that
every modification should go Pari passi Az we relieve
the one relieve also the other 10 create
in both parties for changes when they become necessary
That Is the principle upon which have attempted to mod
fy the bill of 1896 in the substitute which propose
but the bill Of the House Of Representatives has done moth
ing Of that sort So far as the consumer is concerned the
4 tariff weighs more heavily him than before. There is
nothing done except the benefit of the manufacturer and
the duties left to be paid mainly those articles which
come in competition with the manufacturer 1t true that
amendments have been proposed by the Committee FL
nance which improved this bill very much. They have
proposed in addition to the free list diminish the du
ties one-ffth find, calculating the upon the
principles which usual-that is of deducng merely
in proportion to the duties that dimnishedthat the
scheme as amended by the committee would make about
the same reduction the modification which propose
In comparing the two they stand then thus the modfca
ton which propose reduces the duties most of the
articles oneourb while this scheme amended by the
1
propose deals equal justice to the and the
ufacurer reduces both and reduces them about the
same pace. ssH.. .sHs-
The bill sent from the House of Representatives pro-
poses that whatever advantages be derived from its
operation shall be given the manufacturer Alone making
his raw material free and keeping the existing of du
ties on thing ese the consequence of which must be
that when the necessity arises again for reducing the du
ties and changing the system it will be the interest of all
manufacturers 10 combine and resist any change; whilst
as long as preserve something like the principle of
which have been speaking it will be the interest of the
manufacturer as well as of the consumer to make reduo
tons and changes when the system begins 10
weigh too heavily upon the country If this should prove
to be heavy upon the one IL will scarcely be light upon
the other. The manufacturer will gain much by reduc
ing the duty upon the material he may suppose
Thus we may hope for something like harmony of effort
Thus too, may hope settle these questions without
invoking party influences to aid and without produc
ing bitter sectional disputes We should make this
question OF finance and not between classes
or sections of this country Here sir s of the just
views which, in my opinion ought TO induce the Senate
act on this subject at Now treat it
question of revenues If postpone for another year.
be that the subject will out OF the region OF finance
into that OF party politics. and whenever does II will not
be as wei settled satisfactorily safely settled
as II would be Some of those interests which may
be disposed resist the very slight which
are proposedthe comparatively small reductions which
askwil find that the cry for reform will be raised and
feeling may be excited which will deal much heavily
with them hereafter than propose do say this
not by way OF threat say 1t in the words OF friendly
warning; nor my wish father to the thought Whether
hereafter for one shall desire deal Justly by
them all but they may by postponing action until IL Is
too late until the necessity for IL presses heavily the
whole community excite ouch feelings that shall not be