Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1815-12-16


military and naval departments, upon the
enlarged scale ola war establishment so
that the appropriations for this purpose,
tar exceededs IL short time, the estimates
and the resources OF the Treasury, as they
have been already described. WAYS and
means were, therefore, provided to meet
the extraordinary demands thus created
But they were derived exclusively from the
operations of foreign commerce and of pub
lie credit.
1. The Mediterranean fund was at first
continued until the 18th of March, 1915.
u afterwards until March, 1915, (when II
became extincO aftording au additional
duty OF IL per cent. al valorem, on all
imported goods paying duties al valoreln,
and discriminating duty of Oper cent.
upon that additional duty, in respect to all
goods imported in vessels not of the Unit
ed States (a.)
2. There were imposed an additional
duty oil LOO per cent. upon the permanent
duties on goods imported into the United
States FROM any foreign place, discrimi-
GatIng duty OF 10 per cent. upon that adj
dIuonal duty, in respect to all goods inn
ported IN vessels not of tue United States !;
and an additional duty of dollar. so cts.
pei. ton the previous duty being at the rate.
OF 90 cts. per tony upon all vessels belong
ing wholly, or in part, to the subjects OF
foreign powers. But the continuance of
the Act being limited to the expiration Of
one year after the conclusion of the peace.
these additional duties will cease On the
18th OF February, 1916 tc)
8. An authority was given to ra,se by
toan, sum not exceeding 100000 of
dotIars, and to create stock for the amount,
Dealh interest not exceeding the rate OF
per ceN per annum. and reimbursable at
any time after the expiration of l2 years
from the 1st of January 1918. The pay
tnent OF the interest, and the redemption
or the purchase OF this stock, are charged
upon the Sinking Fund ID
4. And an authority was given to issue
treasury Notes ior sum not exceeding
100000 of dollars, bearing interest at
the rate of s 2-5 per cent. perannum, & re-
ImbIrsahie at such places respectively,
as should be expressed on the face of the
notes, one year after the day on which the
same shall have been issued. The notes
were declared to be receivable in payment
OF all duties and taxes laid by the United
States, and all public lands sold by their
authority ; and the payment of the interest,
ana the redemption or the purchase of
these Notes, were charged like the funded
debt, upon the Sinking Fund.
tisc effect of the additional WAYS and means
proydcotiby Congress, from time 10 time, during
the late war, may readily be traced. From the
Treasury report, dated the 1st of December 1879.
IT sppears that the actual receipts into the Trea
sury, during the year ending on the 3O.h Sep.
teTnoer 1872, includnga portion OF the loan and
OF the issue Of Treasury Notes, amounted TO the
sum of I6,782, 159 dollats, 40 cts. (almost doubl
the amount OF the previous estimate) and that
the actual disbursements, for the Same wear. A.
mounted TO the sum OF 1886, 1926 7-1O0 dolls.
(Which was, also, almost double the amount of
the previous estimate) Independent of the balance
in the Treasury, at the commencement and the
close OF the year. But the estimates for the
yer 1913, required, account of the accumuIa-
ting expend lures, sum OF 81 ops, 600 dollars
For the civil and diplomatic depart
nents I soo mn
For the military department 17.OOO,0OO
For the naval department 4o25, 900
And for the interest and reimburse
ment OF the principal of the public
debt 3 5oo o0o
SI,925,OOO
And the slibsisting revenue to meet these ex-
Pendtures was estimated at the sum of ~ 000, 900
OF dollars, proceeding
From the customs II, 100000
From the sale of public
lands, &c. 100000
--12, 900 900