Reports of the Secretary of the Treasury of the United States Prepared in Obedi
Reports of the Secretary of the Treasury of the United States Prepared in Obedi
Robert Forester Felton
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It will be difficult precisely to graduate the revenue to the expenditure. The necessity of avoiding the possibility of a deficiency in the revenue, and the perpetual fluctuation in the demand and supply, render such a task almost impracticable. An excess of revenue, therefore, under any prudent system of duties, may be for a time unavoidable; but this can be better as- certained by experience, and the evil obviated, either by enlarging the ex- penditure for the public purpose, or by reducing t...he duties on such articles as the condition of the country would best admit. In providing a revenue upon this principle, and for those purposes, the attention of Congress will be necessarily directed to the articles of imports from which the duties should be collected; and this is a question of expe- diency merely, to be decided with a just regard to all the great interests in- volved in the subject. To distribute the duties in such a manner, as far as that maybe practica- ble, as to encourage and protect the labor of the people of the United States from th3 advantages of superior skill and capital, and the rival preferences of foreign countries, to cherish and preserve those manufactures which have grown up und t our own legislation, which contribute to the national wea th, and are essential to our independence and safety, to the defence of the country, the supply of its necessary Avants, and to the general prospcri- 230 REPORTS OF THE [1831.
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