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Quote by Hendrith Vanlon Smith Jr.

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Hendrith Vanlon Smith Jr.

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“The "government of reformers," as is now obvious, operated a policy of over-the-top corrupt protectionism that would turn any real conservative green with envy. Huge duties were imposed under the pretext of protecting domestic manufacturers. Then they were canceled, before being reintroduced. Customs policy could change by anyone bringing a suitcase of cash to the government. Needless to say, every decision to impose high duties was accompanied by ways of making it possible to circumvent them, exceptions for special cases. Ultimately, the most straightforward and effective idea came to dominate: redesignating goods subject to a high rate of duty as belonging to a different category, which attracted a low rate.”