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Fiske, John, 1842-1901

"Volume 4, part 3: James Knox Polk"

The joint labors of all
these classes constitute the aggregate of the "domestic industry" of the
nation, and they are equally entitled to the nation's "protection." No
one of them can justly claim to be the exclusive recipient of
"protection," which can only be afforded by increasing burdens on the
"domestic industry" of the others.
If these views be correct, it remains to inquire how far the tariff act
of 1842 is consistent with them. That many of the provisions of that act
are in violation of the cardinal principles here laid down all must
concede. The rates of duty imposed by it on some articles are
prohibitory and on others so high as greatly to diminish importations
and to produce a less amount of revenue than would be derived from lower
rates. They operate as "protection merely" to one branch of "domestic
industry" by taxing other branches.
By the introduction of minimums, or assumed and false values, and by the
imposition of specific duties the injustice and inequality of the act of
1842 in its practical operations on different classes and pursuits are
seen and felt.


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