Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1804-12-01
REPORT

x l. i = K 7.
III ooecicncc 70 ne directions If The act, avh-
Hf1Diff7~y 10 tie acs, iutltuisa" In act
70 establish Mc ?ira ,uy DEPARTMENT.
fhe Secretary Of the Treasury, reshect-
f@'H submits the f5i'og9ine
REPORT AND EsTIMArHs...
REYEyYUJ:.
The nett revenue, arising from .f,ties
on merchandise and tonnage, winch &C.
crued ducing the year 500, a.ld on yvhici,
the estimates OF last year were predc4jed,
amounted, as will app-arby the statersen;,,
(A,) To ten millions one hundred aud fii.y
four thousand dollars. The neu revenue,
arising from the same source, which ac-
crued during the year lso5, has amounts
ed, as appears by the same statement, to
eieven milIOnst three hundrcd ADD six lhou-
sand dollars. And i, is ascrjH;iined that
the nett revenue which accrued during the
three h.st quarters oC the year 1854. con.
siderabiy exceeds thai OF the corrcsp3n.s-
inG quarters OF the year 1908. EV.hout
drawing any inference from the encrease
Oh the present year, az eHcfsuss which
must ne ascrIbed TO the situa.ioro @! Eurnpe,
and viii eventually be diminished b. sub.
sequentre-eXporta;ion tina. h;ancl. nC he
lcvehue may, exclusively Of the Aiedjier.
rancan fund be safely estimated AT Ten MIL
lions seven hundred and thirty thousand
dollars; which is the averarc IF the two
vc9~s 1902 and 1903. The establishments
In the treasury on account o. those duties,
during the year ending on The 5o,h Of SEP
tember last, amount neatly 10 The same
sum - and there is no reason to suppose
that the receipts Of the ensuing will fall
Short of those OF last year.
The statement (B) exhibits, in detail,
the several species of merchandise aud o.
theF sources, from which that revenue was
collected during the year 1908.
ii also appears that the revenue arisinp
from the sales Of public lands, is gradual,
j. encrcasing. The s.atemcn, (C) shcws
tiAa., exclusive ely Of the September ssie. Al
Cincinnati, three hundred ard fourteen
thousand acres have been sold during lie
year ending the Sch Of September fast.
! he proceeds al those sales, calcula.ed
on !he suppoeilion that every purchaser
wiil he entitled 10 the discount allowed in
case oil pTo0p, Payment would WELD Eve
hundred aod fifteen thousand dolla-s.
An5 Notwithstanding the difficulties which
exist, IN drawing into TIC treasury ll,e mo-
rics colc.f'.i by the receivers OF the re.
mote lard ,a.ce, i. Is believed tina, The
actual receip.s from tha. source. will. Tor
the ensuing year, exceed four hundred
ard hily thousard dollars.
he permanent revenue of The United
S..a,es, may. therefore including the din.
ties on postage and other small incidental
b'oncbcs, be computed at eleven millions
two hundred thousand dollars.
And the payments in the treasury du.
ring The year 1905, on account ofthe tenn
-pprary dates which constitute the " Me-
dHefrauean furd" are estimated at five
bundled and fifty thousand doliars max.
jag IN The whole, Gor the probable receipts
Il that year, sum or cicYen millions Sc
ven hundred and FIFTY thou
sand dollars. Dolls. ll,75O 900
EXPENDITURES.
The expenses OF ,ac year 1905, which
must be betrayed on: Of HAT revenue, con.
slst OF the following items.
, /. The annual appropriation Of
eight millions Of dollars for
the payment of the principal
< interest ofthc public debt;
OF winch near 800 600 dol
lars viii he applicable to the
DISCHARGE Of lie principal, *
the residueofthe paymentof
interest 5;.', 100000
- for The civil department and
al domestic expenses Of a
civil nature, including milf
tary pensions, the light house
and mint a.