Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 1 (of 16) — John Shaqi
Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 1 (of 16)United States. Congress
History
Abridgment of the Debates of Congress, from 1789 to 1856, Vol. 1 (of 16)
United States. Congress
Law -- United States; United States -- Politics and government
Some notes, or commentaries, will be added by the author, discriminated
from the text, to mark great starting, or turning points, in our
legislative history, with a view to assist the reader in making the
practical applications which give utility to knowledge. For example: At
the beginning of the first tariff debate in the first session of the
first Congress, he will show that Mr. Madison compressed into twenty-two
short lines, of eight or nine words each, all the principles of impost
and tonnage duties which have governed all wise legislation upon the two
subjects from that time to the present--namely: Specific duties the
rule--_ad valorems_ the exception: revenue the object--incidental
encouragement to home industry the incident: specifics on all the
leading and staple articles--_ad valorems_ on the inferior remainder:
discrimination between articles of luxury and necessity, so as to put
the burthen on the former--and between articles made, or not made, at
home, so as to give encouragement to the home article: and all these
duties moderate, so as not to shackle trade or agriculture. These were
his principles on impost duties. Those on tonnage consisted of
discriminations in favor of our own ships, and in favor of nations
having treaties of commerce with us, so as to encourage our own
ship-building and navigation, and also to stimulate all nations to make
commercial treaties with us. And thus, every object of impost
legislation was provided for:--revenue for the Government, encouragement
to home industry, exemption from burthen to trade and agriculture.
Then, at the end of that debate, (which began in April, and ended in
May,) it will be shown that a rate of duties was established,
corresponding with these principles--all moderate, and adapted each to
its object: five per centum on the lowest class of _ad valorems_, seven
and a half on the next, and fifteen for the highest, and it of luxuries.
The specific duties, applicable to the mass of the importations, at the
same low rate; and this low rate, on the small importation of that time,
and with the economy of that time, producing seven times the amount of
revenue necessary for the "_support_" of the Government! leaving six
sevenths to go to the public debt and Indian wars. The same rates of
duty, with the same economy, ought to be equally sufficient now upon a
sevenfold importation of dutiable goods.
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