Bulletin Volume 42-43

Bulletin Volume 42-43

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ... importation of French wines will cease altogether and no revenue will be derived from this source. It can be plainly seen by this calculation that we have lost or sacri flced a revenue of nearly $1,500,000 annually. Who is the beneficiary of this sacrifice? The reduction we suggest is in the proportion of 5 to 1, but there can be no doubt that the consumption would very rapidly increase in more than the proportion of 1 to 5, and therefore, as experience has proved in all other cases the U. S. Treasury would derive a much larger revenue from a duty of $5 per 50 gallons than from the present rate. This belief is based on two facts: First, that more than 5,000.000 gallons of French wines were consumed in the United States in 1852 before the great increase of the duties. Second, that the consumption in England, which was only 700,000 gallons when the duty was 5 shillings C pence ($1.02) per gallon, has risen in a few years since the reduction of the duty to 1 shilling (24 cents) per gallon, to about G,000,000 gallons. And further, it may be said the population of the United States is nearly much more than twice that of England, and on account of the warmer climate and the varied origin of its population, there is more natural taste for clarets than in England. THIRDLY: THE PROTECTIONIST POINT OF VIEW. On this point it may be observed that the duty of $5 per cask of 50 gallons, $2.50 for freight and other expenses, would still be equivalent to a duty of about 30 per cent on the average value of French wines we import, and therefore such a tariff, established mainly from a financial point of view, would still act as a very high protection for our native wines. When a comparison of the French and American wines is made and then the method or...
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Product details

  • Paperback | 66 pages
  • 189 x 246 x 4mm | 136g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236874285
  • 9781236874283