State Papers and Speeches on the Tariff; With an Introduction by F.W. Taussig

State Papers and Speeches on the Tariff; With an Introduction by F.W. Taussig

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: ... that arrangement gave him the monopoly; after having sacrificed, without mercy, the poorer classes of society, and compelled the less wealthy in each class to purchase the more expensive kinds of cloth, which, coming nearer the minimum, could alone be imported; after having blindly neutralized, by the exorbitant duty on wools, the benefits intended to be conferred on the American manufacturer, it is not astonishing that no attention should have been paid to the vexations and losses imposed on the American importer, to the comparative advantages resulting to the foreign importing manufacturer, and to the demoralizing effect of the law. The return of a general peace necessarily gave to the subjects of foreign nations a share in the importing commerce of the United States. The British manufacturer, particularly, is anxious to send abroad, without calculating or regarding the wants of the country to which he exports, all the goods for which his home market and the regular foreign demands do not afford a vent, and which he cannot, without great injury to himself, keep beyond a certain time. This irregular trade promoted, and in its turn has been, greatly encouraged by the general system of public auctions. The importations from England were, before the tariff of 1828, about equally divided between the American importer and the British manufacturer, who, though the whole amount of the woollen branch is curtailed, engrosses now more than two thirds of what is still imported. This was an unavoidable consequence, both because he pays less regard to the loss arising from an improvident importation, and on account of the strong temptation under the system of minimums to undervalue the merchandise. Under moderate duties ad valorem, frauds on the revenue of...
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Product details

  • Paperback | 118 pages
  • 189 x 246 x 6mm | 227g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236665945
  • 9781236665942