This subject having early attracted the anxious attention of the Executive, as soon as it was probable that the authorities of South Carolina seriously meditated resistance to the faithful execution of the revenue laws it was deemed advisable that the Secretary of the Treasury should particularly instruct the officers of the United States in that part of the Union as to the nature of the duties prescribed by the existing laws.
I have also declared my opinion to be "in favor of a tariff for revenue," and that "in adjusting the details of such a tariff I have sanctioned such moderate discriminating duties as would produce the amount of revenue needed and at the same time afford reasonable incidental protection to our home industry," and that I was "opposed to a tariff for protection merely, and not for revenue."
I refer you also to that report for the means proposed by the Secretary to increase the revenue, and particularly to that portion of it which relates to the subject of the warehousing system, which I earnestly urged upon Congress at its last session and as to the importance of which my opinion has undergone no change.
Simultaneously with the relaxation of the restrictive policy by the United States, Great Britain, from whose example we derived the system, has relaxed hers. She has modified her corn laws and reduced many other duties to moderate revenue rates.
In point of fact, we owe the good margravine some show of hospitality. The princess has a passion for tossing on the sea. To her a yacht is a thing dropped from the moon. His Highness the prince her father could as soon present her with one as with the moon itself. The illustrious Serenity's revenue is absorbed, my boy, in the state he has to support.
But that is not the only vindication of free-trade finance which is at hand. How have foreign countries stood the late depression in trade? The shortfall of the revenue from the estimates in this country was last year less than two millions, in Germany it was eight millions, and in the United States over nineteen millions. Let the House see what fair-weather friends these protectionist duties are.
They were to set forth the Articles drawn up by the king, to discourage pilgrimages and the observation of holidays that had not been abrogated, not to lay too much stress upon images and relics, and to warn the people to teach their children in English the Our Father, the Creed, and the Ten Commandments; they were to give one-fortieth of their incomes to the poor, one-fifth to the repair of the churches, and those who held the richer benefices were commanded to spend their surplus revenue in maintaining a student or students at Oxford and Cambridge.
So far as I can judge, I suppose this to be a quarter of my father's revenue." "I," said Danglars, "have always intended giving my daughter 500,000 francs as her dowry; she is, besides, my sole heiress." "All would then be easily arranged if the baroness and her daughter are willing. We should command an annuity of 175,000 livres.
'Burghers, friends, thieves, murderers, new-comers, and others, is the conciliatory opening of one of his public addresses. Though Johannesburg is only thirty-two miles from Pretoria, and though the State of which he was the head depended for its revenue upon the goldfields, he paid it only three visits in nine years. This settled animosity was deplorable, but not unnatural.
We have been told by the Governor-General that the great bulk of the revenue of India is not elastic; that with regard to the land-tax there has been for a long period no increase in it; that, on the contrary, that large source of income has decreased. He tells us, further, that the army cannot, at present, be largely reduced with safety. If so, what is the end to which we must come?