Even if this rule had not been positively repudiated by the United States, it is so inconsistent with reason, and, in the present condition of maritime commerce, so utterly impracticable, that it can find little favor.
Sumner critiques a rule that is impractical and inconsistent with reason in the context of maritime commerce.
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According to recent calculations, its annual cost is not less than a thousand millions of dollars.
Still further: every ship-of-war that floats costs more than a well-endowed college.
I am opposed to a tariff for protection merely, and not for revenue."--Letter to John K.
I am in favor of a tariff for revenue, such a one as will yield a sufficient amount to the treasury to defray the expenses of the government, economically administered.
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