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Alexandria Gazette & Daily Advertiser
Alexandria, Virginia
What is this article about?
The Independent Government of Guayaquil excludes foreigners from acting as consignees and settling as merchants, imposing a 50% duty on imports in foreign vessels. This policy is criticized by the Federal Republican for taxing locals, encouraging fraud, and discouraging foreign trade.
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We are sorry to observe (says the Federal Republican) that the Independent Government of Guayaquil has excluded from acting as consignees, all foreigners, who are also denied permission to settle there as merchants. As they probably have little or no shipping of their own, the enormous duty of 50 percent imposed on the general importations in foreign vessels, must operate as a tax upon themselves, wherein it does not work a total exclusion of the article. It will certainly give rise to a great deal of covering of American bottoms.
The way to extend commerce and consolidate it, is to give it freedom. To confine the transactions of mercantile business to the natives, may increase their gains, but is the surest way to discourage adventurers, who will not cease to consider themselves wronged, and in fact cannot fail to be so in reality, by having such consignees enforced upon them.
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Where did it happen?
Foreign News Details
Primary Location
Guayaquil
Outcome
exclusion of foreigners as consignees and merchants; 50% duty on imports in foreign vessels leading to self-taxation, potential fraud via covering american bottoms, and discouragement of foreign adventurers.
Event Details
The Independent Government of Guayaquil excludes all foreigners from acting as consignees and denies them permission to settle as merchants. A 50% duty is imposed on general importations in foreign vessels, likely taxing locals due to limited own shipping. This policy is expected to encourage covering of American bottoms and hinder commerce by restricting business to natives, increasing their gains but wronging and discouraging foreign adventurers.