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

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Harvard University, 1892 - 385 pages
 

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Page 60 - Union to appropriate its revenues should have been restricted within narrower limits than the " general welfare; " and because this necessarily embraces a vast variety of particulars, which are susceptible neither of specification nor of definition. -*£> is therefore of necessity left to the discretion of the national legislature to pronounce upon the objects which concern the general welfare, and for which, under that description, an appropriation of money is requisite and proper.
Page 47 - Not only the wealth but the independence and security of a country appear to be materially connected with the prosperity of manufactures. Every nation, with a view to those great objects, ought to endeavor to possess within itself, all the essentials of national supply. These comprise the means of subsistence, habitation, clothing, and defence.
Page 244 - In casting our eyes around us, the most prominent circumstance which fixes our attention, and challenges our deepest regret, is the general distress which pervades the whole country. It is forced upon us by numerous facts of the most incontestable character. It is indicated by the diminished exports of native produce, by the depressed and reduced state of our foreign navigation, by our diminished commerce, by successive unthreshed crops of grain, perishing in our barns and barn-yards for...
Page 261 - 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 305 - 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 15 - Every new scene which is opened to the busy nature of man to rouse and exert itself, is the addition of a new energy to the general stock of effort. The spirit of enterprise, useful and prolific as it is, must necessarily be contracted or expanded, in proportion to the simplicity or variety of the occupations and productions which are to be found in a society.
Page 290 - Philadelphia;" from a work of Mr. Carey, of whom I seize, with great pleasure, the occasion to say, that he merits the public gratitude for the disinterested diligence with which he has collected a large mass of highly useful facts, and for the clear and convincing reasoning with which he generally illustrates them. The Emperor of Russia, in March, 1822, after about two years...
Page 43 - 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. Being free from the heavy charges, which attend the importation of foreign commodities, it can be afforded, and accordingly seldom or never fails to be sold Cheaper, in process of time, than was the foreign Article for which it is a substitute. The internal competition, which takes place, soon does away every thing like Monopoly, and by degrees...
Page 43 - ... and by degrees reduces the price of the article to the minimum of a reasonable profit on the capital employed. This accords with the reason of the thing and with experience. Whence it follows that it is the interest of a community, with a view to eventual and permanent economy, to 'encourage 'Hie growth of manufactures. In a national view, a temporary enhancement of price must always be well compensated by a permanent reduction of it.
Page 50 - It is not uncommon to meet with an opinion, that though the promoting of manufactures may be the in-' terest of a part of the Union, it is contrary to that of another part. The northern and southern regions are sometimes represented as having adverse interests in this respect. Those are called manufacturing; these, agricultural States; and a species of opposition is imagined to subsist between the manufacturing and agricultural interests.

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