Recollections of Forty Years in the House, Senate and Cabinet: An Autobiography.Sherman, John
History
Recollections of Forty Years in the House, Senate and Cabinet: An Autobiography.
Sherman, John
Sherman, John, 1823-1900; Statesmen -- United States -- Biography; United States -- Politics and government -- 19th century
This law, passed in the throes of a revolution, and only possible
as the result of the withdrawal of Senators to engage in the war
of secession, met all the expectations of its friends. It was
fair, just and conservative, and would, in peaceful times, yield
about $50,000,000 a year, the amount of national expenditures in
1860, and, at the same time, protect and strengthen all existing
home industries, and lay the foundation for great increase in
production. It was destined, however, to begin its existence at
a period of revolution. The secession of eleven states precipitated
the war, involving enormous expenditures, in the face of which all
revenue laws were inadequate and powerless. The credit of the
government, its resources and capacity for taxation, had to be
appealed to. Resort was had to every possible mode of taxation
that could be devised by the ingenuity of man, to supply the
requirements of the war, and to maintain the public credit. The
Morrill tariff act was, therefore, greatly modified by subsequent
laws, the duties doubled and in some cases trebled. Internal taxes,
yielding twofold the amount collected from customs, were levied,
and cheerfully paid, and duties on imported goods were quickly
increased. The details of this act became the victim of the war,
but the general principles upon which it was founded, the application
of specific duties where possible, and the careful protection
extended to the products of the soil and the mine, as well as of
the workshop, have been maintained to a greater or less extent
until the present time.
I have participated in framing many tariff bills, but have never
succeeded in securing one that I entirely approved. The Morrill
tariff bill came nearer than any other to meeting the double
requirement of providing ample revenue for the support of the
government and of rendering the proper protection to home industries.
No national taxes, except duties on imported goods, were imposed
at the time of its passage. The Civil War changed all this, reducing
importations and adding tenfold to the revenue required. The
government was justified in increasing existing rates of duty, and
in adding to the dutiable list all articles imported, thus including
articles of prime necessity and universal use. In addition to
these duties, it was compelled to add taxes on all articles of home
production, on incomes not required for the supply of actual wants,
and, especially, on articles of doubtful necessity, such as sprits,
tobacco and beer. These taxes were absolutely required to meet
expenditures for the army and navy, for the interest on the war
debts and just pensions to those who were disabled by the war, and
to their widows and orphans.
Public-domain text, read in full here on John Shaqi.
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