The New Century, Issues 1-10 |
From inside the book
Results 1-5 of 56
Page 2
... increase the difficulty of earning a living . This is unmistakable evidence of impending adversity . At no former time have official extravagance and corruption pre- vailed to such an alarming extent ; nor has the power of government ...
... increase the difficulty of earning a living . This is unmistakable evidence of impending adversity . At no former time have official extravagance and corruption pre- vailed to such an alarming extent ; nor has the power of government ...
Page 3
... increased cost of the necessaries of life ; this increase is not for the benefit of the government , but is an indirect tax wrung out of the many for the support and pro- tection of private enterprises . No one among us raises a ...
... increased cost of the necessaries of life ; this increase is not for the benefit of the government , but is an indirect tax wrung out of the many for the support and pro- tection of private enterprises . No one among us raises a ...
Page 9
... increase either the quantity or richness of ore in a vein , and since the production of our rich mines exceeds our consumptive demand , it seems unjust that every consumer of copper should be taxed to make good an unfortunate invest ...
... increase either the quantity or richness of ore in a vein , and since the production of our rich mines exceeds our consumptive demand , it seems unjust that every consumer of copper should be taxed to make good an unfortunate invest ...
Page 14
... increasing expenditures without creating suspicion , as they could be met by a light annual increase in rates of duty and in the num- ber of articles on which selfish men sought " protection 14 THE NEW CENTURY .
... increasing expenditures without creating suspicion , as they could be met by a light annual increase in rates of duty and in the num- ber of articles on which selfish men sought " protection 14 THE NEW CENTURY .
Page 15
... increase for class interests , pro- ducing animosity and alienation between different sections of the country , resulting in threatened civil war in 1832 . Before the adoption of a protective tariff , slavery was looked upon as an evil ...
... increase for class interests , pro- ducing animosity and alienation between different sections of the country , resulting in threatened civil war in 1832 . Before the adoption of a protective tariff , slavery was looked upon as an evil ...
Common terms and phrases
able Adam Smith adopted advantage Alliance American amount argument become believe better called cause cent century changes civil commerce cost Custom desire direct discussion dollars duties effect efforts England exchange existing export fact favor force foreign free trade freedom give hand House important increased industry interest INTERNATIONAL journal labor laws legislation less liberty living manufactures means meeting method nations natural necessary never Office organization party political economy position practical present President principles produced promoting prosperity protection protectionists published question raised reform regard result revenue Secretary secure social society South tariff taxation theory things tion true truth United wealth whole York
Popular passages
Page 32 - Whereas it is necessary for the support of 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 merchandises imported: Be it enacted, etc.
Page 33 - In corroboration of the same idea, it ought not to escape remark that the West India islands, the soils of which are the most fertile, and the nation which in the greatest degree supplies the rest of the' world with the precious metals, exchange to a loss with almost every other country.
Page 45 - ... degree to its superior quality. Sir, the true explanation of this, appears to me to lie in the different prices of labor; and here I apprehend is the grand mistake in the argument of the chairman of the committee. He says it would cost the nation, as a nation, nothing, to make our ore into iron. Now, I think it would cost us precisely that which we can worst afford; that is, great labor.
Page 46 - This is not more than the price of fifty miles land carriage. Stockholm, therefore, for the purpose of this argument, may be considered as within fifty miles of Philadelphia. Now, it is at once a just and a strong view of this case, to consider, that there are, within fifty miles of our market, vast multitudes of persons who are willing to labor...
Page 79 - See also, in vol. xiii. p. 688, the remarks on the policy of William III. In 1743, Lord Hardwicke, one of the most eminent men of his time, said in the House of Lords, " If our wealth is diminished, it is time to ruin the commerce of that nation which has driven us from the markets of the Continent — by sweeping the seas of their ships, and by blockading their ports.
Page 29 - I own myself the friend to a very free system of commerce, and hold it as a truth that commercial shackles are generally unjust, oppressive, and impolitic. It is also a truth that if industry and labor are left to take their own course they will generally be directed to those objects which are the most productive, and this in a more certain and direct manner than the wisdom of the most enlightened legislature could point out.
Page 46 - Now, it is at once a just and a strong view of this case, to consider, that there are, within fifty miles of our market, vast multitudes of persons who are willing to labor in the production of this article for us, at the rate of seven cents per day, while we have no labor which will not command, upon the average, at least five or six times that amount. The question is, then, shall we buy this article of these manufacturers, and suffer our own labor to earn its greater reward, or shall we employ...
Page 32 - ... believe that the virtue of our citizens was so weak as not to resist that temptation to smuggling which a seeming interest might create. Their conduct under the British government was no proof of a disposition to evade a just tax. At that time they conceived themselves oppressed by a nation in whose councils they had no share, and on that principle resistance was justified to their consciences. The case was now altered : all had a voice in every regulation ; and he did not despair of a great...
Page 50 - England s old argument, that the Colonies should bow to imperial considerations. Thus the tariff controversy, pushed to extremes by the power of the majority, and in disregard of the pleas of the minority for justice, assailed our political system in its most delicate and most vital part — the integrity of the confederation. The attempt of South Carolina to nullify the tariff act was not open disunion and secession. It was worse. It was an attempt to remain in the Union and yet reduce the confederation...
Page 45 - protected" the merchant ships from unlawful attacks or interference, that is, it gave them the security which it is the business of government to provide, and which is analogous to the office of courts and police on land, but this protection was made a basis of argument that the government ought to interfere likewise to "protect" producers against industrial competition.