Democratic Sentinel, Volume 7, Number 9, Rensselaer, Jasper County, 30 March 1883 — The Third Tariff Reduction. [ARTICLE]

The Third Tariff Reduction.

If we start with the manufactures created by the war of 1812, and the consequent exclusion of imports, and count the tariff of 1816 as the beginning, we can easily grasp the ups and downs of our policy by the aid of the following table: Tariff of 1816, four years, 21 per cent Tariff of 1820, four years, 86 per cent Tariff of 1824, four years, 38 per cent Tariff of 1828, four years, 42 per cent Compromise tariff, 1832, with sliding scale for ten years, reducing 2 per cent a year, 42 to 20 per cent Tariff of 1842, for four years, 33 per cent Tariff of 1846, for eleven years, 24 per cent Tariff of 1857, for four years, 19 per cent Morrill tariff of 1861, decreasedin 1872, increased in 1875, amounting upon the dutiable imports from 48 (1867) to 43 (1882) per cent Commission tariff of 1883, probable rate, 33 per cent It should be added that, whereas the value of articles imported upon the freelist fifteen years ago was less than 5 per cent of the whole, it was 30 per cent, of the whole in 1882, and will probably be fully one-third under the new tariff —Springfield Repub lican.