The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-03
THE NEW TARIFF.


ExeiteH sds-The Acl 10 Take Erect
housed c. erchandiss--Ths Justice
ON bonded a. -LarSs Receipts for
OF the Measure
Duty, &C., &c.. Sc. ~s Tariff bill,
Tbs introduction in Congress Of Zen ). -egn
greatly increasing rates Of duty TO Dc pa 80.
goods imported into lhis country, has created coz
bio excitement and comInotion IN business circles Evs
merchant IS Interested less IN the passage Of
such law and as consequence, the Is closely
scrutinized, and its progress carefully watched.
The law in question contains important -,
~,on-sons.hs, cloudy IN ia wording. eeSo' 81
ave 70 the duties goods ready imported ana IN store
when The act shall effect Suen goods are 70 pay tns
ssw rates Of duty notwithstanding the Iact tnat shey
have been imported before he act goes into operation
prov capable OF bearing this nerpr was IN
serted in one the old tariff sctsthat Of December "A,
ASSOC Tho Secretary Of tho Treasury, who had previous
70 its passage, expressed himself favorable
10 the passage OF law, mnedstely
glazed such an interpretations. on it, much
20 the chaErn Of the unfortunsta importers who had
large stocks Of merchandise in warehouse, aud who had
neglected to take warning in time 70 withdraw them.
These individuals, considering themselves asgrieved
brought sufficient influence bear 10 obtain the passage
Of act by Congress placing different construction on
the section referring 70 boaded goods and thus were
allowed TO gain possession OF them payment OF tho od
rates. During tho present session Of Congress 1t has
been well known that Tariff bin has bean in course
Of preparation, by which bill it intended TO levy
hihsr or duty than those heretofore enforced
While the bill under consideration in committee
the question Of evymg the duties goods bond
considered. The committee reported their bill with
The provision in IL.
The importers think II very unjust towards them TO
levy Law retrospective TO speak in its action BY
which they required pay thousands OF dollars add
tonal duty They believe that when they hsyo imported
merchandise under any law they should be allowed 70
withdraw II under the Same.
There is another side this question however II Is
argued oy unintsrested persons that the duties levied
o. the new law should be paid for one reason al least
Let higher rate Of duty than that in effect today DO
sevled by Congress- or even Let bill proposing to levy
scch duties be Introduced and the value of the article
Or articles on which IL Is proposed TO levy the duty i'm.
medatey increases. Any merchant having in his pos
session quantity Of suoh can throw 1t on
sss marxs, ana rsanzs nsnsr price sasn II no such
bi had been passed proposed The market value OF
foreign goods IL OF course made up OF their invoice
value, the amour. Of duty paid, together IT, .s
profit a the importer may be able to realize II the
duty 70 DO paid all articles to arrive in future be
satsed the value Of those already imported be
raised for OF goods already country
Mat no others OF the same kind and quality be
snsred at the prices previously paid. Now, is not
NE business Of Congress to legslats for the
bsneht OF SPECTATORS for the good the nation
that body pass law raising duties goods arrive,
and allowing those already in bond be withdrawn
payment Of the old and lesser rates of duty 1t throws
into the pockets Of the dealers large Of money
ehch could properly and justly be obtained by the 60
ssrnnent The good OF the people at large and not Of
NV mus b0 ia in cith
must pay the increased price. In the 1t
boes enrich the gpecuator in the other support
ghe government, in which all interested. That
slsss Of merchants should endeavor TO have Law framed
BY which they alone would pvoat and that they should
mmsdiasly despatch . delegation TO Washington look
esr their private interests, not by any TO be
Wondered Their object, however. H. to say no more
thing but patriotic ons
80 Tariff act largely increases the rates o.
me : nd on foreign goods, and merchan-
oooi -stes are levied in two ways firstly,
mo new 'o6Srs imposed, and. secondly, in
nea those mere Imposed. The object In thus
1i'ion " 'nose neretoiore - have In such form
hanging VIC OH u e7idehtiy >ssrstion has ceased
sha as soon as the necessity for Its = other laws in
@ ex., !: msy be repealed, leaving IT, >asax add
eoect. The method q icvyng duties By c. sxsubl.
vopal ones 70 DO paid Is calculated 70 cause some Ks
:, inc Custom House. II being necessary that the clio
At ia familiar with tho rates under tho acts no"
operation ana that they shall early es:a1
with those 10 be imposed. 49, =.
Ths result OF the introduction OF the So Arr, act IA,
Doom 70 largely increase the at this port for the
past few days, Importers rapidly Withdrawing their
ssrcnandiss in bora escape the imposition Of the
vates and fearing TO store those which daily arrive
We sums received the New York Custom House since
ahs new Tariff act was introduced, have reached an
average Of nearly $3.50 900 per day over ons-ha Of
which has been Withdrawals from warehouse.
Tho consideration OF the act passage the
House Of Rsprss enatives, consumed but little time CON-
pared with that occupied in discussing the provisions or
Che Tax bill Action the hnal clauses Of the bill,
which refer 10 the duties on bonded goods allowance for
sars, &c postponed until Tuesday, when they were
considered. After change and modification Of these
sec,icns, the bin passed tho House that day The
slime allowed importers under the law in effect, to
lesye their foods II bond without payment Of duty Is
not three months. This Mort period has occasions0
much inconvenience 70 New York merchants, who are
required 10 obtain very large OF money very
short nsscs else By allowing their goods 10 remain
On store over che prescribed time to pay Increase
twenty-five per the amount Of duty. Previou,
% The psSase Of the Tsrn Of August, 1891 the Tim
ogbwed Was three years, and many hoped tina, TIL
would BE- che tine prescribed by tho sos The bill
o. Reported by The Committee OF Ways and Means
honasths time tha; last named. IN the House itse
however, the time diminished 70 year for good
ithdrawn from warehouse for consumption at the Dor
~ srrivA three years being allowed for those 70 BE-
ioortsd be transported TO ports the Pacific II
Believed that the bill will Be in tho ssnat
snti usxs week. me time nxsd for the take sec
= Augus l. importers will, therefore, have ample Of
70 withdraw from bond gocds now In s.sy,
Board oT EsdueMtfon.
AVERAGE ATTENDANCE AT THE PUBLIC SCHOOLS
MILITARY INSTRUCTION IN THE SCHOOLS grc.
regular meeting or thu Board OF Education was he
As evening" Mr.. f. C. Beasdot in the shsr, pro tan.
Ths minutes Of the las. meeting wsro read and ss
proved.
large amount of routine business wsstrarsaeted an
several important Communications laid
An invitation attend concert, given at the Acadcrn