, 1875-01-01


deposits not hasang boen included in tho aasets
THE TARIFF. |
Revenue from Tea and Coffee.
From thr .Fer J'ork Timer.
One Of tue first political acta Of the Congress-
that camo into power with Mr. Polk WAS 10 lower
tho duty Oh sugar amount equal to cents
per pound. Tho Spanish Legation as Washing
ton took deep interest in The matter, and the
to asncrt that ''AlatlEid necessary 70 secure
influence enough to carry the final Yote. 1t!s
certain thst the spanish Minister obtained
1x so e a sh' oppn Ssoe Of m tue ees
| rromulgntion, and. If no mistake not, the
| very day tho duty was lowered tho Governor
| General put an additional export duty on all
sugars sent 10 the United States from c"l1 Of
ccs.ts per pound. Tie practical result MAS that
foreign sugar, instead Of being cheaper, rose In
| our market, aud tho Louisiana PLANTER ras
| deprived OF certain amount Of incidental pro-
lection to bis interest. aud no oue WEB benefited
| Int tie Spanish Government. This circumstance
! hns been recalled by the history Of the recent
repeal Of the tariff on tea and coffee. one Of tho
| most impolitc pieces Of legislation that ever
characterized the work Of our Eulars et WaAh-
| ington.
For something like quarter Of century or
| more perhaps. previous to tho year 1861. tea and
cofleo were admitted ftee Of duty. From 1862 to
l37l tea paid II to as cents. and coffee cents
Ut teas III tho country when the duty vas tmpos-
cd and 1t was year OF moro before consumers
paid the full advance. In 1870 Congress was
"sinkerang the tarin. During tho TWO pre-
was dull. owing 70 tho general ahrinkase Of
iisSo 9salets putehaeed small guam
t:tiea. throwng the burden OF c7sfslng
the Eaktern cities. III this depressing state OF
things the large holders took advantage Of ths
agitEton Of the tariff question. and procured
reduction OF 10 ceuta on tea and cents on coffee
t per pound, to take effect after tho 1st Of jan
i,ary, 1911. This temporarily relieved the trade
dealers all owe, the country bought freely teas
advanced In prlcc. but moro than one-hh!f Of
the rebate went iuto tho pockets OF the large
holders: tho remainder made no pcrceptibe dtt-
I ference In favor OF the consumers, for. as soon
| as the news reached the East 1nlies OF tho re-.
| luction teaR were advanced oae-thitd to Aa'f Of
: lie reduction Of tbs duty.
) Tho wear 1871 was signa1zed by tho largest
} importation OF tea ever known; tho United
} States bonded warehouses were filled to reple-
top, trade necessarily hecamo dull BtocIts acct.
, lated in the Eastern cities. Dealers. large and
small fearing a further decline, purchased III
snail :usnt.es. lii less than year after the
reduction Of 10 ccpta duty, importers and large
I, dealers were losing money.
! In the spiing Of 1871 Congress again com
1nepced 'tlnkerinG the tariff. In obedience tc
! tho demands OF tho people. great reductions mere
> made in acknowledgements taxes nrd in TIM let
( 4;.,.v hnti}aFa trnn fthe
s.h a io;n. ~ IN liz hun md cry, NJ 'Frce bresh
1a! !t.aIo y " ranr-nss I,.d ~ t7o snncthiug a,,t
~ +, '" no1ncnt 81 Reconsideration. ]eayip. ths
t aos. nTo.sivn fn.t,,.c: ri tho .. stamn act If
q Fy.o rn,a tbat afIer Nav Is72 coffne mud tet
- 1nni, ap1i... 'Ueon 10 a.aa ,"s avs t"''
j. ~ ~ ~ erc,tement Of thu rnornen
4 ~ s.ao .aa IL roa :,smurI frnm II, nar+a NJ tht
i , su".. S ~ .",o. a. ~ < r. = ra,t,a advs,,r,
eotJ ~, ,.,,,at ~ .e;,t - Jaoii,e T,a con.,tuc
oset auo .s t""ss' r.,tt tI,a bornft NJ, tao ~,
r seess si',. a1u.s .,, t,,o roof ~ n" innnrtcT
eolee .sa's saIer o., ~ awavar ~ .hnyt ,f,,ra
atu '"'ee o'e's'' "~0' "0"|0A' -
'1eI. I ,,.,o,, =, .,,o .or;n Ind nro3uco,
Ano 1te. teu"esou t ~ .lo s"t.a 40, o" so ~ ~
"a nh o'c.i.11s s y. en,u na i.,,, voe W. na hv a1
uo"s lcacneu ~ nna .,a, amo ",,,1.r. ti,.i Il,
a'nn'as1on o' LIS l .,tt ".1, Ia. ,a,,u.
l1'geh n'snota Jou auu s'9 .,i'.s RI r.,
- an4 . Mstoe lasnt"{ ~ ""a a.s. a ti4s,, ~ nra
!. u!.oa ssa'ss, ~ anr I,"mo marIe
a stous year, !,.; ~. nr onou,
II "es - te.stusAau 1a H.. ,,r.a.s ite .,a III"
~ hsHu ~ tno tuiss -. snu a;n snn.oI ca,,s,,,1,
IL ;" " '''S -
~ | t1ol1' . ,,-. -
- :Iost Of the time through lH73 ana lo,s, ce''
1t .'n'' ,,S fon, ite rr;ucion of He 1rtN l,.
fr,,,n I,xeH nf tfc importers AIiu lnTtb 0Gnl
u NJ. 81, t.u.e, ,x.ra frm January
10 III. t,a,., t,,o,, ,,ror = tu I]Et
It AHt4t ~ ""'3f A"'o' ~ 49, ..., -. "a ~, In u;
Qunt HAEF luIFol1e!n @i'a Ac"t't" f,"'1 ,'E
pJHh to aaFG themselves IIIau uttEl t1ht "soss
With cln1tal fIUpl SJu.Ouu 70 GE3h"los @A4ASA
nyur an au ayetRGA 30 cents OIL lA1 dollaT,
Nal ~ f1,o rsrtinh HhO TerC active III tn
II Jt, Tim ahnlitjon Of Iii
IL 'hsAst'Eto" ,,.r~, .,f +oI;of ka,j1