New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-20
TARIFF REVISION.


Mr. Morrill, of Vermont yesterday reported from
the Committee of Ways and Means bill to fund
t. outstanding $40, 100000 of Treasury Notes that
soon fail due and 20 amend the present Tariff as to
substitute, far possible, Specific for Ad Valo
rem Duties, increasing the rates levied Iron and
such other imported products as come in more i'm
MEDIATE competition with the more depressed
branches of our National Industry. 1t will
of coutse secure the attention of the House at an
early day.
We would fain hope that this bill is destined to
be considered on its merits; yet the pertnacity and
yehemeuce with which its introduction has been
resisted, afford the strongest grounds for apprehen
sion. Yet why should it not be so considered
President Buchanan, in bis second Annual Message,
said
cit policy TO increase revenue 80 toequa
expenditure 1t wond be Innous 70 continue 70 o9now pc
afforded by tariff would at the present moment
interests and give fresh Impulse to eyvng business To
this surely person will object
regard mode OF assessing and collecting duties
der strictly tariff have long entertained, and often
expesse the Opn th't sound policy requires this should be
applied They well adapted to commodities which are usu
ally sold by weight or by measure and which from their nature
Of equal nearly equal value Such for example are the
articles Of iron Of different classes raw sugar ana foreign wines
and spirits.
the only the against false and raudu
Invoices and such has been the practice adopted for this
by other commercial nations Besides specihc duties
woo afford the American manufacturer the incidental sdyan
system Is sliding scale to his disadvantage Under IT,
prices high and business prosperous the duties rise in
when he requires their aid On the contrary when
prices fall and be struggling against diversity the duties are
diminished in the proportion greatly to his injury
Again, in his last Annual Message, the Presi-
dent says;
at will appear from the report the Secretary Of the Treasury
that is extremely doubtful the least whether we shall
providing additional revenue. This can only be accom-
pthed by strictly conhnng the appropriations within the esa
Of The different departments without making an allowance
for additional expenditures which Congress may think
for the redemption portion Of the $2OW0O OF Treasury
which been already iuucd In the event OF DEN
Cheney nsder probable this ought TO be
piled by resort to additional loans. IL would be runous
practice days peace and prosperity 20 increasing
national debt meet the ordinary oil the GoVe
men This policy would cripple aud impair our
credit the existence Of should render necessary TO
Should such deficiency spprehend,
would that the be raised by
increase present duties imports need not the
last annual TO the beet mode
aud manner accomplishing this object and shall merely
observe that these have since undergone no change"
In strict accordance with these suggestions of the
President, we understand that the following memo
rial has been address.dto COngreisby many citizens
of Connecticut being readily signed by nearly all to
whom it was presented:
TO me Senate Houe Of Rvsnaiire Of he United States
The OF the undersigned citizens aud electors OF the
Stat. Of Cobneetlcut, respectfully showeth;
III at foreign and fabrics are now pouring into ouf sea