ABSTRACT

Money being absolutely necessary to the support of the Government, the obligation to raise it for that purpose is not only imperative, but primary. Without it the Government must necessarily come to an end. Hence, it has been deemed necessary, in the prosecution of these inquiries, to compare the two systems, protective and non-protective, in their effects upon the revenue alone. The policy of protection does not look to prohibition, as is often argued by its adversaries, for that, by cutting off importations, would destroy revenue. Nor does it look to the question of revenue alone, for that would put out of view people's ability to pay for what they buy of foreign countries. In regulating tariff duties it should always be remembered that the protective policy was established by the framers of the Government, with the special view of producing these results.