The Southwestern Historical Quarterly, Volume 21, July 1917 - April, 1918 Page: 1

THE
SOUTHWESTERN HISTORICAL
QUARTERLY
VOL. XXI JULY, 1917 No. 1
The publication committee and the editors disclaim responsibility for views expressed by
contributors to THE QUARTERLY
THE TARIFF HISTORY OF THE REPUBLIC OF
TEXAS, II
ASA KYRUS CHRISTIAN
CHAPTER V
THE REVISION OF THE TARIFF OF 1841, AND THE HIGH TARIFF
OF 1842
As a result of the free trade policy of 1840, a reduction in
revenue was anticipated, and for that reason an elaborate direct
tax measure was passed.0 Before this time direct taxes had
played a minor part in the finances of the Republic, with op-
ponents of a tariff advocating a direct tax as more just and equal
than an indirect,"' but with the act of January 16, 1840, an effort
was made to substitute a direct tax on land and business for the
tariff. The direct tax law proved a failure as a producer of rev-
enue, and this, with the tremendous expenditures of the Lamar
administration, made necessary the revision of the tariff up-
ward.92 The almost hopeless condition of the treasury, the de-
preciated currency, the expenditures, and a desire to establish a
sound fiscal system, led in the Fifth Congress to the introduc-
90Gammel, op. cit., II, 183-202.
'Austin to Wharton, November 18, 1836, in Garrison, Dip. Corr. Te.,
I, 137.
92See Miller, A Financial History of Texas, 391. Out of an assessment
of direct taxes due to yield $326,370.23 for 1840, as published in the
Telegraph and Texas Register, June 9, 1841, the actual yield was only
$53,130, while the receipts from customs amounted to $164,789. The ex-
penditures for the same year amounted to $2,174,752.

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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 21, July 1917 - April, 1918, periodical, 1918; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101073/m1/7/ocr/: accessed September 21, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.