History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
By the constitution of the United States (Art. 1, Sec. 8, 9, 10),
Congress was vested with the power of regulating commerce with foreign
nations. It was therefore stipulated, on the recommendation of the
convention, that no tax or duty shall be laid on articles exported from
any State; that “no preference shall be given by any regulation of
commerce or revenue to the ports of one State over that of another;”
and that no vessels bound to or from one State should be obliged to
enter, clear, or pay duties in another. Further, that “no State shall,
without the consent of Congress, lay any impost or duty on imports
or exports except what may be absolutely necessary for executing its
respective laws; that the net produce of all duties or imposts laid by
any State on imports or exports shall be for the use of the treasury
of the United States, and that all such laws shall be subject to the
revision and control of Congress.”
[Sidenote: The good effects of a united government.]
The adoption of this paper constitution, as yet not quite in force
to its legitimate extent in some of the Southern States, conferred
upon the United States the sovereign attributes of a great nation.
It secured the domestic tranquillity then so much required, and laid
the foundation for amicable treaties of commerce and navigation with
foreign powers. Placed as the people of the United States were, without
any relations of amity with other nations, but happily unshackled with
any trading monopolies to limit their free action, it was obviously to
their interest to invite other countries to their shores, and to form
with them friendly alliances of commerce and navigation. Accordingly
their then Secretary of State, seeing that some of the States were
opposed to protection, proclaimed with great wisdom the principles of
free-trade; and in his manifesto on this subject[307] remarked that
“instead of embarrassing commerce under piles of regulating laws,
duties, and prohibitions, it should be relieved from all its shackles
in all parts of the world. Would even a single nation,” he continued,
“begin with the United States this system of free commerce, it would be
advisable to begin with that nation.”
Public-domain text, read in full here on John Shaqi.
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