ABSTRACT

Duringtheearlyperiod,thetariffhadatwofoldimportance. I t wasthefederalgovernment'schiefinstrumentofregulation. Italsofurnishedmostofthefederalrevenues:from1789to 1862-exceptfor1796andthetwobriefintervalsof18141818and1835-1840-customsreceiptsyieldedoverfour-fifths ofthegovernment'sannualincome.