The Republican Party : its history, principles, and policies . sfrom import duties. The only reason for a surplus in theTreasury to-day is because we continue the dual system of taxa-tion and still retain a part of the internal-revenue or directsystem of taxation which grew out of the necessities of the this were abandoned we would be able to raise the requisiterevenue from customs sources, and this taxation would belightly felt and prove less onerous than any other system. It is only a question of time, if our surplus continues, whenthe internal-revenue system will be wholly abolished
The Republican Party : its history, principles, and policies . sfrom import duties. The only reason for a surplus in theTreasury to-day is because we continue the dual system of taxa-tion and still retain a part of the internal-revenue or directsystem of taxation which grew out of the necessities of the this were abandoned we would be able to raise the requisiterevenue from customs sources, and this taxation would belightly felt and prove less onerous than any other system. It is only a question of time, if our surplus continues, whenthe internal-revenue system will be wholly abolished and ourrevenue be derived exclusively from duties upon can well be left with the States to tax spirits and receive therevenues derived therefrom. Whenever it becomes apparentto the public that the one or the other must yield, the internal-revenue tax will be abolished. The division between the Republican and Democratic part-ies is not about the raising of revenues from import duties, butupon the class of articles on which these duties shall be im-. A PROTECTIVE TARIFF. 245 posed. The Republican idea is to place the duties uponforeign articles imported which compete with those producedhere, and with the exception of luxuries to permit the non-competing articles to enter our custom-houses free. TheDemocratic idea is a revenue tariff purely, by which dutiesare imposed upon foreign articles which do not compete witharticles produced at home. This results in there being a selec-tion made from the list of imported articles of those which arenecessary to the wants of our people, and which we can procureonly from the foreign supply, and placing upon them the duty,while permitting the articles which come from abroad in com-petition with our domestic production to come in free. Theone makes the competing foreign product bear the burden,the other the non-competing: and herein is found the realdivision between the two great parties upon this economicquestion. If the duty is plac
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectrepubli, bookyear1888
