United States -- History -- 1815-1861; United States -- Politics and government -- 1815-1861
It was the question of the tariff which showed more clearly than
anything else the influence of the interests of slavery in the
attitude which the slaveholders would finally take toward the
industrial policies of the nation, and which would contribute more
than anything else to the division of the Republican party from the
point of view of principle.
[Sidenote: The Tariff of 1824 a failure.]
The great purpose of the Tariff of 1824 was to give the American
manufacturers of coarse woollens a substantial control of the home
markets. In two years of trial this result had not been realized. A
vast amount of capital had been transferred from other enterprises to
build new woollen mills, and the markets were so glutted with their
fabrics that sale for them could only be found by virtually excluding
foreign goods of the same material and grade. It was claimed that the
foreign goods were sold upon foreign account, and not by _bona fide_
American merchants, and that the goods were thus undervalued by the
fictitious parties to the importation, and the duty thus so largely
avoided as to make the importation practically free. It was,
therefore, contended that the agent of the foreign manufacturer or
merchant was ruining the American manufacturer, on the one hand, and
the American merchant, on the other. President Adams himself, in his
message of December 5th, 1826, referred to the frauds thus committed
on the revenue. The {158} manufacturers of woollens in New England and
Pennsylvania memorialized Congress, during the latter part of the year
1826, representing themselves to be in dire distress and praying for
aid. These memorials were referred to the Committee on Manufactures of
the House of Representatives for report. On January 10th, 1827, the
chairman of this committee, Mr. Mallary, of Vermont, introduced a bill
to meet the difficulties above described.
[Sidenote: The Tariff Bill of 1827.]
This bill proposed to introduce a system of minimal valuations at the
custom-house instead of taking the foreign invoice as the basis for
the levy of the duty, as was the existing practice, and it placed the
valuation of coarse woollens so high as practically to prohibit their
importation. The bill proposed, however, to raise the tariff on wool
to such a rate as would deprive the manufacturers very largely of the
benefit to be secured by the system of minimal valuations. It was
questionable whether the manufacturers would get any very material aid
out of this bill, which contained so high a rate of duty upon the raw
material, but it was necessary to incorporate the provision in order
to secure the support of the West to the measure.
[Sidenote: Development of the industrial antithesis between the North
and the South.]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account