Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-12-12

iAAss iOip.
1. 4 riew IF the sources of repemue. and Ike
objects IF public expenditure
REVENUE.
The return of peace enabling the legis-
lature 10 alleviate the burdens imposed
by the necessities of the war, Congress,
during the last session, discontinued
or reduced, the following duties and tax
! es:
/; The acts imposing duties upon articles
o! domestic manufacture, were repealed
z. The acts imposing duties OH furniture and
watches, were repealed.
| 3. The duties imposed on licenses 10 retail
ers OF foreign merchandise, sc. were repeal
| ed
4; The duties imposed on spirits, distilled
within the L. States, were reduced. and the col
| lection modified
5. The rates OF postage, were reduced
o. lhe direct tax, was reduced from d 900 900
OF dollars 10 S,OOO,OOO OF dollars, and was inipos-
| Ell Tor one year oniv
z. The double duties on merchandise imDort
| cd; were discontinued, and new tariff estab-
| liShed.
The discontinuance end reduction of
| The duties and taxes, Independent of the
impost) may be estimated at the annual
amount OF SO, 10000 with the contin-
gent dimihniion of 50, 600, 900 more, ifthe
direct tax should not be continued after
| the year 1916
But, the remaining sources of revenue
were ample tor the maintenance of the
| public credit, and the prosecution of a
liberal and provident policy. They con
| sisi
|. Otthe customs, including the ,lutvup-
ON salt, according TO the new tariff OF
duties.
2. Of the direct tax, imposed for IsiG.
5. OF tile internal duties on stamns ON
licenses To retail am SHIRTS Ite..li,.l
on reiIned sugar on carriages and liar-
ness on sales at auction
4. OF Postage
.. OF the product offnes. penalties. and
iorieitureS, and other miSce !laneous re-
ceipts.
6. OF the proceeds of the sales of public
lands.
10 these sources of revenue, must be
addcd, the auxiliary authority TO issue
treasury notes OF various denominations
ana 10 receive money upon loan The
authority was necessary, In anticipation
OF the revenue, throughout the yearlsI5.
10 meet the arrearages of the war expen
ditures TO discharge the floating pnblic
Gebt OF treasury notes and Temporary
loans, and TO pay the instruments of he
principal and the interest of the funded
pubic debt. But the treasury would no
longer require the aid of loans OF treasury
noteS, II the facilities of transferring its
funds from place TO place, had not been
destroyed when International currency be-
came extinct.
The committee of WAYS and Means
nave heretofore estimated the annual pro-
duct OF the customs, according to the new
larIif OF duties, at about tile sum of Sly
OOOOO0, andatliough, for the present wear.
the amount will be much greater, i'm CON
sequence of the late excessive imporfaf;-
ons, the estimate Of the committee may
be accepted as a just measure of the per-
manent annual product oftle customs
Tor the purposes Ofa peace establishment
The annual product Of the Direct Tax
The Internal Revenues, and the sales of
Public Lands has, in like manner. been
estimated at about thesum ofS7. 900 0oO
making, upon this general view. and sup
posing a continuance of the Direct Tax.
permanent annual revenue Ofabouf S24
00O,O0O
EXPENDITURE.
IL Is not intended, in this preliminary
view OF the objects of tie public cxucn-
diture, to embrace tie temporary objects
arising from the war, but those only OF a
permanent nature, upon peace esiab-
lishment and which have heretofore
Deeh estimated az an annual aggregate of
about 81 600, 900.
l.. fOrcivil, diplomatic aud miscellaneous
expenses.
2 for military expenses. iucigdinr tbc
Indian Department and tie armament
OF thc miiii.
3. For the naval cxrcnscq. incirt;,g Tho
annual appropriations Tor The purchase
Of t'hDer, and The gradual Increase OF
the uuvy.
}. For The insialmcnls and interest paya-
be on The funded public debt
1t IS proper 60 remark, fhai temnorarv
loans aud treasury notes, issued upder the
authority Of acts passed prior 10 Decern-
Der, 1914, we're charged on the sinknr
fund bot u tic current revcnuc viii n +,