Speech #500144876

That may be one of the exigencies of trade. A man must get rid of his surplus in some way. but in Heavens name let him get rid of it at his own expense. In the name of common sense and common honesty if he wants to furnish foreign paupers with cheap goods for which the Americans have already been taxed. let him bear the expense of taking them ta market and selling them at the best he can. and not call upon an already overtaxed people for further contribution. The total increase of this cotton schedule. as they make it. over the existing law would amount to $233.000. which sum would have to be increased by the very large amount on which the duty is raised. on cotton velvets. plushes. fine goods. etc.. amounting to the sum of $16.000.000. and the amount of the increase of duties upon those can not be computed for want of data. and therefore it can only be estimated. I should say. judging by the increases on those goods the data for which have been furnished to the Treasury Department and where the calculations have been madeI should say that the increase in the balance of thesehedule would amountto fully as much more. or. say. $500.000 increase in the duty on cotton. and that under the circumstances which I have explained.