to use that power without much hesitation or bashfulness. As regards their taxes levied at the custom-house, the government of the United States has always been inclined to high duties, with the view of protecting the internal trade and manufactures of the country. The amount required for national expenses was easily obtained; and these duties were not regulated, as I think, so much with a view to the amount which might Detroit Lions Barn be collected as to that of the effect which the tax might have in fostering native industry. That, if I understand it, was the meaning of Mr. Morrill’s bill, which was passed immediately on the secession of the Southern members of Congress, and which instantly enhanced the price of all foreign manufactured goods in the States. But now the desire Miami Dolphins for protection, simply as protection, has been swallowed up in the acknowledged Vests Pas CHer necessity for revenue; and the only Maillot Celtic Pas CHer object to be recognized in the arrangement of the custom duties is the collection of the greatest number of dollars. This is fair enough. If the country can, at such a crisis, raise a better revenue Scarpe Nike Air Max 1 Donna by claiming a shilling a pound on coffee than it can by claiming sixpence, the shilling may be wisely claimed, even though many may thus be prohibited from the use of coffee. But then comes the great question, What duty will really give the greatest product? At what rate shall we tax coffee so as to get at the people’s money? If it be so taxed that people won’t use it, the tax cuts its own throat. There is some point at which the tax will be most productive; and also there is a point up to which the tax will not operate to the serious injury of the trade. Without the knowledge which should indicate these points, a Chancellor of Maillot Allemagne Pas CHer the Exchequer, with his myrmidons, would be groping in the dark. As far as we can yet see, there is not much of such knowledge either in the Treasury chambers or the House of Representatives at Washington.
But the greatest difficulty Halpa Moncler Huivi Ja Korkit which the States will feel in obtaining access to their own means of taxation is |
