The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological OrderBancroft, Charles
History
The Footprints of Time: And a Complete Analysis of Our American System of Government, with a Concise History of the Original Colonies and of the United States, in Chronological Order
Bancroft, Charles
United States -- History; United States -- Politics and government
7. It is best when the people are free and intelligent that they be
governed as little as possible—or rather that they govern themselves as
much as possible, and that as few officials as may be live on the fruits
of other people’s labor. There must necessarily be an army of them, at
the least; but such arrangements should be made that public expenses may
be reduced, to the lowest point, and republican simplicity everywhere
reign.
The principle and habit of public economy should be earnestly insisted
on, since the handling of immense sums of public money is much more
demoralizing than the acquisition of private wealth in legitimate ways.
It is a strong temptation to men of weak moral character; and private
property is more likely to be carefully used and economically expended
than public funds. The smaller the revenue, consistent with the general
development of the country, the better.
CHAPTER XI.
DUTIES AND TARIFFS.
1. Duty is a term used to designate a sum paid by foreign merchandise
coming to our country for sale, for the privilege of entering and being
offered to purchasers. Tariff is a rate, or scale, of duties.
2. Ever since intercourse has become frequent between different nations
commerce has been occupied in effecting interchanges of the products and
industries of each country with others. Each country has peculiarities
that specially fit it for the production or manufacture of some article,
or list of articles, which others would be unable to produce, or would
produce at greater inconvenience and expense, and which is of high value
to all, or many of the others. The social principle has proved to be of
extreme value to the improvement of men, and to their happiness; and we
might say that, in this unequal distribution of capacities in the lands,
and the races who inhabit them, the exercise of the social principle, on
a broad scale, was made, by nature, indispensable.
3. Each nation, then, devotes itself to its special features of
production, and exchanges its surplus with others for what it wants of
their different surplus, to mutual profit. Just as A is a farmer, and
raises grain, while B is a mechanic. Each has a natural adaptation to
the business he pursues, and each needs what the other produces. So they
exchange, and each has the full benefit of the success and different
genius and resources of the other. Commerce is the same in principle, and
interchange becomes constantly more extensive.
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