"
I have also declared my opinion to be "in favor of a tariff for
revenue," and that "in adjusting the details of such a tariff I have
sanctioned such moderate discriminating duties as would produce the
amount of revenue needed and at the same time afford reasonable
incidental protection to our home industry," and that I was "opposed to
a tariff for protection merely, and not for revenue."
The power "to lay and collect taxes, duties, imposts, and excises" was
an indispensable one to be conferred on the Federal Government, which
without it would possess no means of providing for its own support.
In executing this power by levying a tariff of duties for the support
of Government, the raising of _revenue_ should be the _object_ and
_protection_ the _incident_. To reverse this principle and make
_protection_ the _object_ and _revenue_ the _incident_ would be to
inflict manifest injustice upon all other than the protected interests.
In levying duties for revenue it is doubtless proper to make such
discriminations within the _revenue principle_ as will afford incidental
protection to our home interests.
Pages:
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33