, 1870-08-26

Table giving an ESTIMATED reduction Of !
the customs receipts unaer the t.ew tariff.
This table shows the quantity nf carl! |
article imported in the year lsf' nlon /
which the duty Las been changed. and the
increase in the amount of duty which uriarr |
the new rates will he collected upon thr
same quantities, These reductions in
clnde those ulerc the rate nf duty has 1'ecn
changed, and where the artirlc has been trAils-
fetrcd to the free list. The articles trails
ferred 10 the free list yielded last year rev.
cnue of -, ,:;?1. ISL. The assumed au,o'sn'
of reduction III other asticlesis -, :.'s .$5l.
and tte inrraake in duties TN articles where |
the rate is increased is put nj S...U,:I, I,;,M. |
The reduction in the revenue on tea, colee,
sugar =rd 1no!asscs is so. lO2, aS5. The
reduction in spices is about 81: lon, ,n00: in
brandy md spirits about *a4O.Nk': fruit
aannt :7,n.AA. The reduction in ri:
iron and scrap iron is S;'5n, ,NA There ;sr..
a few utEcr articles u1;ou which tl..
| with the exception Of pig iron: VI. d,
| not find amy reduction upon any article
! nlade in tlis eunu,ry. The reductions
4 are CLEARLY intended 10 reduce revenue. amt,
! to that extent, taxation; Int tho relnctions
are all male uEou articles OF foreign ps.,.
duction which do mt compete with ll,nic
production. Like ali attempts to ir.isa:e
upon the tariG, this hill cuts of The :uos,
revenue with the least possible relrc...n
Of taxation. The ARTICLES placed ul",n tue
free List nse all raw luaicrial in American
manufacturers; their admission free eu-
ables our manufacturers to produce their
goods At less cost, hut, rs there is no reduc-
tion in tue tax on competing goods, there
will lie no reduction in the price tu the COIL
sumner. Had there l'ecn corresponding
| reduction in the tax on the competing.
goods, the public would have enjoyed the
full advantage Of making this raw material
free. But the Tariff bill wns not framed
to benefit the public.
The list of articles on which 9ha duty
has been increased is interesting. The
duty On wines in cask has been increased
5 per cent. The dntv on t1ar, 81 per cant
On flag tow, 100 per cent on jute ami
hemp, &C per cent On live animals, 30 ,,el
cent; on 'irscei and flax seed oils j! pc,
rent Except perhaps, in the eass o1
wine, these increased duties arc not levied
for the purpose of increasing The revenue
mt to ;s-ohihit the importation and destroy
, tie revenue. Instead. therefore, of Hill,
: iucreese of revenue from these saurres
! the c!fert of This hill ia fo add the in
creased tax tu the price Of the lone-pru
: ,iuecd .rtlcic, for the exclusive rrut1 q
y the producer But there il one a-:lrlt
> uls'u waicE Ills bill increases the tlnl1
~.a'ch III Of great a1a2'orsance. and ',l,u,
NLich tho st.tis:ic1ans of the Tre4>us,
tiaso hiugnla1ly omitted to give any fig
',rcs. Inc duty on u:ll,iracbvd mannfne
tnrcs OF rt,tton has hccn inc@eas.5
to : ccrts s4aare yard: q,
s'lrarhed ~o:ron TO : cents 1,a;
square yard sad 10 pr ceat: ant
: OH cofured cottons to ! cents rer s,slur,
gard aud n per cent. The aggregate i'm
: fortatinus of these three varic,i2s of cot
u ton manufactures, last year, WAN II. .tH'u.' .'hs
:. square yards. Tic bureau ul Statistic
- merely states thct On these there is
&c ''slight increase VI duty" anl gives !,
- tisures: How slis!t is tEr increase: IN
40 ing the del,atea ou thu Tariff hill il ":
y stated t1.at the increase Ut duty agreed
~ ',y tho Committee Of Why's and Means wi
'e l.! rents rer stlnare yarl. Assuming ta
OF lhe increase is cent rer square yani. Il
sa increase nt dnty Oh the sa,pe amount ,
a imported coi:.,,. cloths will ha IN
@l1o, 600 in gold; but the amount vi thr
cloths imported is only very small ft'
tlon ot the amount consumed III the Unit
rs. States. The purpose of tns increase