Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1821-12-08

seven dollars seventy cents, which, with the
balance of one million one hundred and nine
ty-eight Thousand four hundred and sixty-one
dollars twenty-one cents in the Treasury on
the former day, make the aggregate sum of
seventeen millions four hundred and seven
teen thousand six hundred and fifty eight dol
lars ninety-One cents.
The payments from the Treasury during
the same period have amounted 10 fifteen
millions six hundred and fifty-iive thousand
two hundred and eighty eight dollars forty
seven cents, leaving in the Treasury, on the
last mentioned day, the sum OF one million
seven hundred and sixty-two thousand three
hundred and severity dollars forty four cents
1t is estimated that the receipts of the fourth
quarter of the year, will exceed the demands.
which will be made on the Treasury, during
the same period, and that the amount in the
Treasury, on the 30th of September last, will
he Increased on the first day of january next.
At the close Ofthe last session, it was anticipa-
ted that the progressive diminuton of the pub
lie revenue in 1919 and 1890, which had been
the result Oft the languid state of our foreign
commerce IN those years, had, ia The latter
year, reached It's extreme point of depression.
1t has, however, been asccrtained that that
point was reached only at the termination of
the first quarter of the present year. From
that time until the 3Oth Of September last,
the duties secured have exceeded those of the
corresponding quarters of the last year, one
million one hundred and seventy two thou
sand dollars whilst the amount Ofdebentures
issued during the three first quarters of this
year, is nine hundred and flty-two thousand
dollars less than that of the same quarters of
the last year,
There are just grounds to believe that the
improvement which has occurred in the re-
venue, during the last mentioned period will
not only be maintained, but that it will pro-
gressvely increase through the next and seve-
raj succeeding years, so as to realize the re-
suits which were presented upon that subject.
by the official reports of the Treasury, at
the commencement of the last session of Con-
gress.
Under the influence OF the most unfavora-
ole circumstances, the revenue, for the next
and subsequent years, to the wear 1925, will
exceed the demands at present authorized by
law.
IL may fairly he presumed, that, under the
protection given 10 domestic manufactures bv
The existing laws, we shall become, at no dis
tant period, a manufacturing country, on IN
: extensive scale. Possessing, as we do, the
raw materials, in such vast amount, with a
capacity TO augment them, to an indefinite
extent raising within the country aliment of
every kind, to an amount far exceeding the
demand for home consumption, even in the
most uniaVorabc years, and TO be obtained al
ways AT very moderate price ;skiled also,
as or people are In the mechanic arts and in
every Improvement calculated To lessen the
demand Tor, and the price oflabor, il is 4lani-
lest mat their success, in every branch OF do
mestic industry, may and will be carried, I'M
der the encouragement given by the present
duties, to an extent TO meet any demand.
Wilch, under tar competition, may he made
OH it.
A considerable increace of domestic manu-
tactures, by diminishing the importation of
foreign, will probably tendto lessen the amout
OF the public revenue. As however, large
proportion OF the revenue, which is derived
from duties, is raised from other articles than
manufactures, the demand for which will in
crease with our population-it is believed,
that fund will still be raised from that
source, adequate TO the greater part of the
national expenditures, especially as those ex-
pendltures, should we continue to be blessed
with peace, will be diminished by the COM
pleiion OF the Qualifications, dock yards, and
other public works; by the augmentation OF
the navy to the point, to which, it is proposed
10 carry 1t, and by the payment of the pub
tic debt, including pensions for military SER
vices.
plete our internal resources, and the less de-
pendent we are on foreign powers. for every
national, rs well as domestic purpose, the
greater and more stable will he the public fe-
ilcity by the increase of domestic manu-
iactures, viii the demand for the rude mate
fiais at home be increased, and thus will the
dependence OF the several parts of our I'm
ION on each other, and the strength of the Un-
ION itself, be pr0portionably augmented In
tins process, which is very desirable and inevi-
table under the existing duties, the resources
winch obviously present themselves TO sup
ply deficiency IN the revenue, should il occur,
are The interests, which may derive the prlnci-
pal benefit from the change. If domestic
manufactures are raised by duties on foreign,
the deficiency in the fund, necessary for public
purposes, should be supplied by duties on the
former. At the last session it seemed doubt
/ iu, whether the revenue derived from the
present sources would be adequate to all the
great purposes of our Union, including the
construction of our Notifications, the aug
mentatl0n OF our navy, and the prOtec-
lIon OF our commerce, again st the dangers
10 which it is exposed. Had the def
ciency been such, as to subject us to the
necessity, either to abandon those measures
OIL defence, or TO resort to other means for
adequate funds, the course presented TO the
adoption of a virtuOus and enlightened people,
appearedto be plain one. It must BE- graft
lying to all to know, that this necessity does
not exist. Nothing, however, in contcmpla-
uon such important Objects which can be
easily provided for, should be left to hazard
II thought that the revenue, may receive an
augmentation from the existing sources,and in
manner to aid our manufactures, without
ihastening prematurely the result, which has
4 been suggested. Itisbeeved that moderate
additional duty on certain articles would have
M effect, without being liable to any serious
& objection.