Book-bot.com - read famous books online for free

A Compilation of the Messages and Papers of the Presidents - Volume 4, part 2: John Tyler by Unknown
page 306 of 684 (44%)
inconvenience.

The treaty further provides that raw cotton may be imported from either
country into the other free of duties. In general it is not wise to
enter into treaty stipulations respecting duties of import; they are
usually much better left to the operation of general laws. But there are
circumstances existing in this case which have been thought to justify a
departure from the general rule, and the addition of it to the number of
instances, not large, in which regulations of duties of imports have
been made the subject of national compact.

The United States consume large quantities of raw cotton, but they are
exporters of the article to a still greater extent. Texas, for the
present at least, exports her whole crop. These exportations are, in
general, to the same foreign markets, and it is supposed to be of no
considerable importance to the American producer whether he meets the
Texan product at home or abroad.

On the other hand, it is thought that a useful commercial intercourse
would be promoted in several ways by receiving the raw cotton of Texas
at once into the United States free of duty. The tendency of such a
measure is to bring to the United States, in the first instance, Texan
cotton ultimately destined to European markets. The natural effect of
this, it is supposed, will be to increase the business of the cities of
the United States to the extent of this importation and exportation,
and to secure a further degree of employment to the navigation of the
country. But these are by no means all the benefits which may be
reasonably expected from the arrangement. Texas, at least for a
considerable time to come, must import all the manufactured articles
and much of the supplies and provisions necessary for her use and
DigitalOcean Referral Badge