, 1866-07-07

80
votes.
No member Of either House Of consres. has been
bis poIi,,saI pT,aeiple. mi ibsu John Meatrorh OF d
~, 20.
THE PROPOSED TARIFF ESWIxDLE-
Pronts Of manufaetur,nx Co1psniev-a i
The EsaruWAro asobbery-A ReueraF@
SeFs mble Tor The Reoelcss .NoueY.
From tho New York Counesela Aarey,,ser.1
THE PooR TAHiRF AES.-The report that
the New England manufacturers do not de-
sire any addition 10 the tanh rates ought to
be true, il it Is not, They seem TO be making
plenty OF money under the existing tariff,
and from very shame sakc they ahou;d ah-
stain from asking any additional privileges
from Congress. We have before US report
Of the dividends Of the various New Englanj
manufacturing, insurance, banking and rail-
June June soth. is6e, and We very I handsome ssS .boE
they make. TIE manufacturing dividends azc
especially nice, and II the stockholders wsnt
any thing better they naust oo the most avari-
cious Of mortals. In list Of thirty msnufac-
turing companies the actual dividend. range
from twenty to dfly per cent per aunum.
divide twenty Ave per cent. io1 the hall
year. The Androscoggiu and Hill Compa-
nies twenty pe1 cent The Chlcopee Comps-
ny. after purchasing and paying. for a lafge
cent. pr annum TO divide among the stock.
holders. Eight companies, the Appleton,
Bates. Douglas, franklin, Nashua, Saum-
keaE, Salisbury and Washington, divide ten
per cent, for the half year. The Cochcco
and Newmarket corporations make aity dol
lars share.
It should be remembered that these arc
only the July dividends, which are usually
lighter than N January, the accounts not Da-
ing 50 closely made up In summer, and q
large proportion Of The profits being held IN
reaerye. For instance. the RRtcs Company
they only divide ten par cent, naxingg the
snug profit Of ihiFty-dve per cent per an
nnrn. The Newmarket Company. that dlvi-
ded only 6fty dollars share the last half
year received hundred dollars share IN
january. The chieopee shareholders have
had thirty the last haM yesr- The average
yearly dividend of \ rumbeF Of these COM
panies range from forty to fifty per cent.
The Wooden Screw Companies, a. every one
knows, pay standing dividend or from three
deuds, It should be remembered, are free
from United States taxes, which are included
in the expenses ..,..
Ntw va submit that It is not too much to
ask The manufacturers to content them
should, at least, wait aud sec what tho new
advantages which the protectionists c,nim TO
derive from high tariff. That Tax Bill Is
wonderful effort OF pEotectIontst ingenuity,
and We submit that it is almost a little too
steep to pile Tariff bill On the top Of II.
TIE NEW TARIFF ON HARDWARE.
Nxw Yonk, Juiy ,, i5al2
To tho Editors Of the Evening Font:
The enormous rates OF duty proposed to be
levied upon hardware and cutlery indicate
regard for special interests to the entire sacrf-
fNf
It might hare been expected Tint the protec-
tion Of a war tariff Of fifty per cent on pocket
cutlery, thi.ty-fyo per cent on tab1e cutlery,
an average OF si1ty-slI per cent ON files, etc.,
on which many domestic manufacturers have
become wealthy, would hare satisaed them
and that the country might now be allowed
the receipt Of revenue from those which arc
imported
But II Is now proposed, by taxing the im-
portation Of pocket cntleTy, costing under
IS, with specific duty OF Is cents per dozen,
with 3s psr dozen In addition to 50 per cent
ad adlorfn', to tax every chfld's knife costing
Cd sterling, per dozen, or custom-house value
l3 cents, with both rates OF ta1, or 81 cents,
which Is St5 per cent. On eyezy boys knife
which costs IS 3D., or so cents per dozen, the
two duties will amount to 30 cents to 500 per
cent, and on every turner's knife costing Go,
| or Y cents, the tariT will be 31-11 or Isl per
cent; while the duty on all pocket knives
costing. custom house value, q cents to 79.6s
will average = per cent.
imported which costs Is pee gross, or 5l.A;
the specific duty, as the clause passed the
House, Is lo cents per. dozen, OF $l.4 per
g1oss, With the 45 per cent ad nalorem is sl.O9,
equal to las per cent. The table cutlery
extensively used throughnut the country.
costing los or 1856 per gross, the specific aud
nd raforena duty Is $3.18, Or 82 per cent.
Ivory table knives. costing Ha per dozen, CT
2l-4I, are to bear a specific duty Of 81 per
dozen, aud ad ralore,n Is per cent, together
custom house value &. =. with both rates
bears dnty Of $780, eQuni TO St per CENT
Now, was 1t not reasonable that the present
tariff of IS per cent ahould he sufficient, or
could there not be enoderatio1enoughto to dis
pense Fd Et;h The sgss g., nSw e.,ls, p1oPsseds
nearly every mechanic, custom house yal1e
k2 20, With tho proposed heavy specific OF 81
per dozen, Is taxed 81 per cent, while Ger
man files, ooing Of less cost, are taxed On The
average Ill per cent.
The proposed duty On German wrought
nails varies from Ill to 155 per ceut.; halter
and dog chains. 81 per cent coll. .ohains, 10
| to 1c5 Per cent trace chains, 134 to 154 per
cent; hooks and hinges, ii; per ccnt.; on
curry combs and psdlocks, with specific Is
kinds, costing from ls to IS cents per dozen,
! 10 30 10 lS3 per cent
An these goods come into general uso by
tho bulk Of the community, especially among
tha poorer classes, many ot whom haye not
the means to pay high prices thus revenue
viii be sacrificed and the population general-
" injured.
Besides which. manufactures herethave the
facilities for supplying only very small por-
( tion Of the denannd. which OF Itself Will tend
to high prices. Then. in addition to the di-
I 1ect specific aud ud rafortn rates above
named, the proposed tariff imposes duty on
casks, packages, commissions, &C.. which Of
20 per cent and over on net cost Of many
goods, this Is an addition to present tariff.
It Is submitted whether the provisions OF
thus bill do not call for very grave considers.
tons, and will It not bn tor the interest Of
manufacturers themselves, u well as that
Of the country at large, to adhere on these
goods TO the present Tariff, which Is largely
protective. rather Than preas these prohibl
live rates and provoke continual unsettle-
ment, rs It is believed by many, It these
enormous duties be passed they cannot be
permanent D. e.