The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
There was much calculating on all sides of the amount the new tax bills
would yield. _Harper’s Weekly_ at the start estimated that it would be
$185,000,000, and in November (1862) it said the amount would be nearer
$275,000,000, but it was far too sanguine. At the end of the year (June,
1863) it was found that the customs had yielded less than $64,000,000
and the excise only about $41,000,000, and the country had been spending
in the last two years an average of over one and one-half millions a
day. The funds raised by taxation were a bagatelle beside the enormous
loans which had to be made, the legal tender which had to be issued. By
the beginning of 1864 it became evident to Mr. Lincoln and his cabinet
that more money must be raised by taxation. It was not a popular thing
to do, for the slow progress of the war, the awful cost in life and
money, had raised a strong party against Lincoln. It looked as if he
might not be reëlected. The opportunists around him advised against any
measures which would increase dissatisfaction, but Mr. Lincoln wanted no
misunderstanding about his intentions in regard to the war. It had got
to be finished at all cost, and he wanted the people to understand what
his reëlection meant. He asked them for more men and more money, another
draft, higher taxes, higher tariffs. The raising of the tariff was as a
method much less disturbing to Lincoln than imposing direct taxes. He
had the old Whig’s horror of the tax-collector, and indeed had pictured
effectively in his early campaigning “assessors and collectors going
forth like swarms of Egyptian locusts, devouring every blade of grass
and other green thing.” In 1859, when there was a general curiosity as
to what he believed, a correspondent asked him as to his tariff views,
and he replied:
“I was an old Henry Clay-Tariff-Whig in old times, and made more
speeches on that subject than any other. I have not since changed
my views. I believe yet, if we could have a moderate,
carefully-adjusted protective tariff, so far acquiesced in as not
to be a perpetual subject of political strife, squabbles, changes
and uncertainties, it would be better for us. Still it is my
opinion that just now the revival of that question will not
advance the cause itself or the man who revives it.... We, the old
Whigs, have been entirely beaten out on the tariff question, and
we shall not be able to reëstablish the policy until the absence
of it shall have demonstrated the necessity for it in the minds of
men heretofore opposed to it.”
Public-domain text, read in full here on John Shaqi.
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