The high duties at present levied on many articles totally
exclude them from importation, whilst the quantity and amount of others
which are imported are greatly diminished. By reducing these duties to a
revenue standard, it is not doubted that a large amount of the articles
on which they are imposed would be imported, and a corresponding amount
of revenue be received at the Treasury from this source. By imposing
revenue duties on many articles now permitted to be imported free of
duty, and by regulating the rates within the revenue standard upon
others, a large additional revenue will be collected. Independently of
the high considerations which induced me in my annual message to
recommend a modification and reduction of the rates of duty imposed by
the act of 1842 as being not only proper in reference to a state of
peace, but just to all the great interests of the country, the necessity
of such modification and reduction as a war measure must now be
manifest. The country requires additional revenue for the prosecution of
the war.
Pages:
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213