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Updated: May 29, 2025
It is altogether a pretty love story, and one's sympathy goes out to the lively young beauty, who was thinking of love and not of ambition, as she turned from the old young gentleman, discussing, with her wise father, the public debt and the necessity of an impost, to that really young young gentleman who knew how to hang over the harpsichord, and talked more to the purpose with his eyes than ever the other could with his lips.
Among the numerous causes of congratulation the condition of our impost revenue deserves special mention, in as much as it promises the means of extinguishing the public debt sooner than was anticipated, and furnishes a strong illustration of the practical effects of the present tariff upon our commercial interests.
Immediately after the close of the last war a proposal was fairly made by the act of Congress of March 3rd, 1815, to all the maritime nations to lay aside the system of retaliating restrictions and exclusions, and to place the shipping of both parties to the common trade on a footing of equality in respect to the duties of tonnage and impost.
Nothing can be more forcible nay, beguiling than his argument in that letter in favour of a general government independent of state machinery, and his elaborate appeal to that irritating little commonwealth to consent to the levying of the impost by Congress, necessary to the raising of the moneys. I fear I am not a hero, for I confess I tremble. I fear the worst.
The impost bill secured the means to work with; the next necessity was to organize the machinery to do the work. Resolutions to create the executive departments of Foreign Affairs, of the Treasury, and of War were offered by Mr. Madison.
With regard to a proper selection of the subjects of impost with a view to revenue, it would seem to me that the spirit of equity, caution, and compromise in which the Constitution was formed requires that the great interests of agriculture, commerce, and manufactures should be equally favored, and that perhaps the only exception to this rule should consist in the peculiar encouragement of any products of either of them that may be found essential to our national independence.
Those who had endeavored to discountenance this trade, by laying a duty on the importation, were prevented by the Constitution from continuing such regulation, which declares, that no State shall lay any impost or duties on imports. If this was the case, and he suspected pretty strongly that it was, the necessity of adopting the proposition of his colleague was not apparent. Mr.
Whereas satisfactory evidence has lately been received by me from His Imperial Majesty the Emperor of Austria, through an official communication of the Baron de Lederer, his consul-general in the United States, under date of the 29th of May, 1829, that no other or higher duties of tonnage and impost are imposed or levied since the 1st day of January last in the ports of Austria upon vessels wholly belonging to citizens of the United States and upon the produce, manufactures, or merchandise imported in the same from the United States and from any foreign country whatever than are levied on Austrian ships and their cargoes in the same ports under like circumstances: Now, therefore, I, Andrew Jackson, President of the United States of America, do hereby declare and proclaim that so much of the several acts imposing discriminating duties of tonnage and impost within the United States are, and shall be, suspended and discontinued so far as respects the vessels of Austria and the produce, manufactures, and merchandise imported into the United States in the same from the dominions of Austria and from any other foreign country whatever, the said suspension to take effect from the day above mentioned and to continue thenceforward so long as the reciprocal exemption of the vessels of the United States and the produce, manufactures, and merchandise imported into the dominions of Austria in the same, as aforesaid, shall be continued on the part of the Government of His Imperial Majesty the Emperor of Austria.
It was to be set apart for military purposes only hence its common name, "war-tax"; but it soon drifted into the general body of taxation, and became a serious impost on foreign trade. We first hear of it in 1852, as collected by the Governor of Shantung; to hear the last of it has long been the dream of those who wish to see the expansion of trade with China.
It is said that Lowell was influential in winning the support of John C. Calhoun for the impost of 1816. Lowell died in 1817, at the early age of forty-two, but his work did not die with him. The mills he had founded at Waltham grew exceedingly prosperous under the management of Jackson; and it was not long before Jackson and his partners Appleton and Moody were seeking wider opportunities.
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