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
4. Government naturally regulates commerce because it is one of the
general interests of the country. It finds an indefinite amount of
foreign merchandise waiting to enter to be put on sale. It was long ago
discovered that here was a convenient mode of producing a government
income without disturbing the people with a constant demand for money to
pay its expenses. Whatever foreign goods had to pay for permission to
enter, was quietly added to the price afterward, and so the people paid
their taxes to the government in an indirect way in the form of a Duty.
They pay the price asked, if it be within their means, without knowledge,
or thought, of what part goes to the government, unless they study the
subject carefully.
It has always been the case, then, that a government could get all the
money it wanted, from this source, in ordinary times, with very little
trouble. That mode is naturally a favorite with them. Whether it is the
best way for the people is another question, which has been, at different
times, very warmly debated in our government. It is not our place here to
take up the argument, but it is worthy of a careful study by the people.
5. A Tariff of duties is established to carry on the government. There
is another object that has had many advocates, and has quite commonly
exerted an influence to raise the tariff on some things. It is stated
in the preamble, or introduction, to the first act passed by the first
Congress, on this subject, July 4th, 1789, “Whereas, it is necessary for
the support of the government, for the discharge of the debts of the
United States, _and the encouragement and protection of manufactures_,
that duties be laid on goods, wares, and merchandise imported.” It was
considered important to protect and encourage our manufactures, by
putting so high a price on the same kind of foreign goods that ours would
have the advantage and sell at a _less price_ or greater profit.
This might have been a wise measure, in the early days of the country,
when there were few manufactures. Whether it has been so since, or is so
now, is not so clear.
Public-domain text, read in full here on John Shaqi.
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