State papers and speeches on the tariff (Google eBook)

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Harvard university, 1893 - Tariff - 385 pages
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Page 51 - But though it were true that the immediate and certain effect of regulations controlling the competition of foreign with domestic fabrics was an increase of price, ifc is universally true that the contrary is the ultimate effect with every successful manufacture. When a domestic manufacture has attained to perfection, and has engaged in the prosecution of it a competent number of persons, it invariably becomes cheaper.
Page 315 - Congress. And who will go home and say that he rejected all the benefits of this bill, because molasses has been subjected to the enormous additional duty of five cents per gallon ? I call, therefore, upon the friends of the American policy to yield somewhat of their own peculiar wishes, and not reject the practicable in the idle pursuit after the unattainable.
Page 271 - The excise alone, collected under twentyfive different heads, amounted to twenty-eight millions, more than one-half of the total revenue of the Kingdom. This great revenue allows Great Britain to constitute an efficient sinking fund of five millions sterling, being an excess of actual income beyond expenditure, and amounting to more than the entire revenue of the United States. If we look at the commerce of England, we shall perceive that its prosperous condition no less denotes the immensity of...
Page 286 - ... revenue will be increased considerably, for some years at least, under the operation of this bill. The diminution in the quantity imported, will be compensated by the augmentation of the duty. In reference to the article of molasses, for example, if the import of it should be reduced fifty per centum, the amount of duty collected would be the same as it now is. But it will not, in all probability, be reduced by anything like that proportion.
Page 310 - But all these great interests are confided to the protection of one government- to the fate of one ship; and a most gallant ship it is, with a noble crew. If we prosper, and are happy, protection must be extended to all; it is due to all. It is the great principle on which obedience is demanded from all. If our essential interests cannot find protection from our own government against the policy of foreign powers, where are they to get it? We did not unite for sacrifice, but for preservation....
Page 378 - The true reason, sir, why it is not our policy to compel our citizens to manufacture our own iron, is, that they are far better employed. It is an unproductive business, and they are not poor enough to be obliged to follow it. If we had more of poverty, more of misery, and something of servitude ; if we had an ignorant, idle, starving, population, we might set up for iron makers against the world.
Page 22 - The creating in some instances a new, and securing in all a more certain and steady demand for the surplus produce of the soil.
Page 366 - ... the languishing state of this interest, as a proof of national distress. Let it be remembered that our shipping employed in foreign commerce, has, at this moment, not the shadow of government protection. It goes abroad upon the wide sea to make its own way, and earn its own bread, in a professed competition with the whole world. Its resources are its own frugality, its own skill, its own enterprise. It hopes to succeed, if it shall succeed at all, not by extraordinary aid of government, but by...
Page 334 - It may be here observed, that there is a broad and marked distinction between entire prohibition and reasonable encouragement. It is one thing, by duties or taxes on foreign articles, to awaken a home competition in the production of the same articles ; it is another thing to remove all competition by a total exclusion of the foreign article ; and it is quite another thing still, by total prohibition, to raise up at home manufactures not suited to the climate, the nature of the country, or the state...
Page 294 - EXPERIENCE evinces that it cannot succeed in such an unequal contest, and that is sufficient. If we speculate on the causes of this universal truth, we may differ about them. Still the indisputable fact remains. And we should be as unwise in not availing ourselves of the guide which it furnishes, as a man would be who should refuse to bask in the rays of the sun, because he could not agree with Judge Woodward as to the nature of the substance of that planet, to which we are indebted for heat and...

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