Report of a Committee of the Citizens of Boston and Vicinity Opposed to a Further Increase of Duties on Importations (Volume 15) (Paperback)

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. 1827. Excerpt: ... wines, pepper, sugars and silks, and even some fabrics of woollen and cotton not yet attempted by our manufacturers, all of which will afford revenue. Suppose then we admit that the revenue will not decline below $12,000,000, how, we would ask, is the difference between that sum and $22,300,000 (our present expenditure) to be obtained? And still further, how are those large sums, which the same party propose to expend in canals and rail roads for the accommodation of their establishments, and to evince their patriotism, to be raised? What source of taxation can we resort to, to supply the loss of the $10,000,000? Why, the same men who would destroy our foreign trade have found a remedy for one of the evils which will result from the " American System." We can, says Mr. Stewart have an excise Yes, we can, and must have an excise and a land tax of $12,000,000 or $15,000,000 to bring $10,000,000 into the treasury, to accommodate those who will profit by the "American System." But who will pay this tax? Will it be the capitalist and the rich manufacturer, the merchant, and other wealthy classes of the community who now pay much of it on articles of foreign consumption? Yes, they will certainly pay some portion of h, but the heaviest part of the burden will fall upon the cultivator of the soil, whose expenses are enhanced, and produce lowered, by this very system for the support of which he is so heavily taxed. The Committee have now terminated their proposed examination of the leading positions, on which the advocates of the restrictive policy appear to us, to rest for their support. They are sensible, that some of the details they have gone through, will be tedious to all, and may seem superfluous to many, but they appeared to them to have an important bear...