The enquirer. [volume] (Richmond, Va.) 1804-1815, 1815-03-11

! to the S,En of StS, 637 ,4.S5 so cents and the
| amount Will be constantly augneutipe If
therefore. the revenue for the wear 1915, en-
| riched by the duty on imports, and nv the O
! the.r beneficial effects of the peace. should a.
mount TO $50 600 600, it IS still evident.
| that the whole os the revenue might be e1
| pended in the single purpose Of paying the
treasury note debt leaving every other Oh
| iect ot the government II be provided for BIZ
loans, or by new issues ofsirasury notes.
/, Having suggested the difficulty and the
, danger, cannot presume to dwell UPON any,
| cXpedient Tor relief. which congress- has al
ready refused 70 adopt /; butt take the IL
berry, With defe,~nce and respect, 20 renew
the Recommendation of TIE Plan that was
submitted to your Consideration. in my letter
OF the 17ti. January last under 2 belief, that.
considering The ortstardinr ancnnt os ;ren-
scrv notes, any new Issue should be made TO
rest npon basis. that will enable the govern
rnept 70 employ Il, both rs a circulating me-
dunn. ard as the mea-s of raising money. in
All OF the revenue. How far a power given
to t'ind the TREASURY notes, upon an advance
en interest. or to pass them in payment os
taxes and duties, will he sufficient for the
purposes contemplated, without providing o.
tier means OF payment BY regular install
rnents. must submit to the judgment of the
committee
S. The ways & means to defray the vari-
ors expenses ot the government. for 1915.
VIII consist ofthe revenue which will be ac
tually received at the treasury during tina,
"',H". IL ls vet intended On the one hand. to
take into view the balances due upon the ap-
preparations of preceding years nor. On the
other hand, to take into view the revenue
which viii accrue in the present wear. but
winch viii not be payable until the rear
1876.
he direct ane;ioration of the resources If
the country, IN cons quence of the mcgee
appiies principally to the II, n oe the duties
On IMPORTS and TONNAGE. The effect, howe
yer. must be co7fined, with is,material ex-
cFpfons. tor 1915, TO two thirds, or ti,c EIGHT
concluding months, of the wear. The West
Inhia traNe Will produce little, and the Euro
pean trade nothing, BY way Of revenue. be-
fore the lSt of Nav next. Some urtstandip,.
adventures beyond the Cape of Good Hone.
VIII hardly be brought home, upon the intel
ilSence o. peace, before the present wear has
EXPIRE Considering, therefore, that d ere
or OF e!Sht, ten, and twelve months, is allow
Ell toT the durics on merchandise importel
ron Europe and that credit of three &
SIX months is allnwed for the duties on ner
chanclse imported from the West Indies il
is evident that whatever may be the amount
ocorurg on merchandise ir11orted FROM
furore for the wear 1917, the ac:,1ai receirts
az IRE treasury cannot be great that ,the
whole 81 the duties 2ccrTling on ne,c haudise
IMPORTED from the West indies before the
list OF jury, vii be actusDy received AT the
treasury IN the year 1915 and that one moi
cry the amount Of the duties on merchan-
disc imported from the West Indies, between
inc LIST OF July and the LIST OF October, will.
also, be received at the treasury in the wear
1875.
} he average OF the net revenue of the Gus
toms which accrued for the three years, 1906,
l8CT' and 1903, was more than 1900. 600 Of
collars, TOR each year & a similar average
f"v the three succeeding years. 1865, 1910,
and 1911, was abont 100000 IF dollars fo,
each year Rut the first period was one of
5uS8 epa alt s2 we're tie 30hrRspS sa aadn
ard C2nnot be- taken as the basis Of an esti-
mate Tor the present time, when the other ra-
tors of The world are, also, at peace. The
second period was embarrassed by comm r
c'al restrictions but, probably, the effect OF
Ihoss cHbarrasSnents upon the revenue were
cSnnterhalanced by the advantages Of cur
n"rerally. Il is thought, therefore, upon
the whole, that in y state Of general peace,
the customs operating upon the single duties.
would not have produced, before the Ameri-
cln war. more than a sum between nine and
ten TDillons OF dollars annually. But the
comparatively small quantity cf foreign iner-
chandize, at present in the American mar
Set, would, probably give rise to 40 extra
ordinary amount of Expectations during the
prst year OF peace. equal at least to the sup
NY OF two ycacs; tthe f,ct, that the double
dltiss arc limited in their coatinue acc To a
year after the termination of the war did iinr
F! operate as cheek upon impOrtations, beyond
what may DC requisite FOR the consumption Of
tn Gu, rent year.
ihese counteractinE causes may, therefore,
J hc reasonably supposed 10 neutra'ize the
| force " each other, and consequently, to re
Ter any estimate Of the double duties upon
! merchandise, imported in the year 1915, 20
the amount Of ths imporiations for the con-
! sumption ot single year.
| Under these views it is estimated, that the
| produce of the customs, during the first
twelve months of peace, VIII amount, with
! double dntes. to a sum bctween Is and 20
| millions OF doliars--Of that period, ten
| months occur in the year 1915 but as the
| importations can only partially commence,
| Tor the space OF two months, and csnnoi
| reSca their average extent for or r nlpnths,
| tie tar proportion Of time, 10 fOlm the
| ground OF an estimate, viii be fas aireatiy
! sGEg stsd) eight = ontIs Of the year 1915. -
| Upon this scale OF Computation the pra0uct
! Of the Customs, which viii accrue from
the list OF Nay to the 31st Of December.
| 1913, VII. probably, be 13,500,O00 dol rs /;
! on5 there must b. added 20 that sun, ths
/ estimated amount Of customs accruing, in
/ dependent ct the effects produced bv tn.
/ peace, from the Is Of January TO the lst Of
! ~ ~, to wit / 500 COO dollars maxim, a. %