Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1823-02-01

faci is incontestible that the United
States have enjoyed more uninterrupI-
cd prosperity, and have increased their
capital to a greater relative extent, Than
any OF the nations with whom they have
m aintaned commercial intercourse.
II snow that the custom house docu-
mems cannot be considered exclusive IN
this case, j; is proper 10 observe 81,
That the value of articles paying duties
ad salofem, imported into the United
States, is asccr aimed by adding 10 the
invoice value IS per cent. if from be-
yond the Cape OF Good Hope, aud 10
per cent. from all other places; whist
the value of domestic articles exported
is ascoriained al the port of shipment
without any such addition. I'd, The
greatest portion OF the importa,ions and
expectations are made i'll vessels of the
United States. 81, The capital en-
ployed in the trade on the NORTHWEST
Coast and the Pacific Oceau consists
almost exclusively of the labor and en-
terpize of those engaged in it. Foreign
articles, the proceeds OF those enter
prses, imported into the u States, are,
therefore, only equivalent to the labor
and enterprise by which they were pro-
Curc1. f.n, I nc Value OF domestic aru-
cles Is more impertectly ertained than
ot foreign articles imported because it.
has not been considered necessary 10
resort to the same sanctions 10 enforce
compliance with the regulations which
have been prescribed for that purpose.
TO ascertain the relative value OF I'M
ports and exports, it is necessary-lst,
1 hat the same additions should be made
g. the whole inp- zee value of The latter
as are required by law 10 be made to
the former. ID, The freight of domes-
tic articles exported in American YES
sells should be added to their value, al
ter deducing from it the freight Of TO-
reign articles imported in foreign YES
sells. Sd, The value of foreign articles
imported in vessels engaged in the
trade OF the North West Coast and Pa
citic Ocean, the proceeds OF the labor
and enterprise OF those by whom they
are navigaled, should be added TO the
domestic exports. 4th, 1t is impossible
TO ascertain what addition should be
ports, on account Of the omission OF the
exporters 10 state correctly the value of
articles exported by them but, alter
making liberal allowance for foreign
articles illicilly introduced, or inaccurate
ly mvo!ced, it is believed that Conside-
rable addition should be made.
II, then, 10 the amount OF domestic ar
ticles exported during the year ending
on the 30th OF September last, already
estimated at 1888 70, the additions
should be made which the preceding
facts and considerations appear to au
thorlze, the value of our domestic eX-
ports during thai period may be cstima,
ed 81 nearly 6o,oo0,00o
Although no calculation has been
completed, showing the average rate OF
duty upon the value of foreign articles
imported into the U. States, il is pre-
sumed that an importation oil 10000 900
oil ioreign merchandise ill not produce
less revenue than 1900, 900. A the
receipts from the customs during the
year 1925 nave been estimated l9 10000
ii is probable that the receipts from the
same source in 1924, which will depend
upon the Importation of 1928, will not
exceed Sl5,o00,oOO. Under the most
favorable circumstances, it is believed
that the receipts of that year will be suf-
ilclent to discharge all demands upon
the treasury which may be authorized by
law.
l. the current appropriations for the
year 1925 shall be equal to those re-
quifed ny the estimates for the ensu-
ine year, the expenditure of that year
may be estimated al 28,255,597 22-yiz:
Current appropriations 8,578722 %;
Pcrmanent appropriations Tor arining
III militia, and Indian annuiiies, $751;
875 Gradual increase of the Navy,
100000. Public debt including baan
ces unappled in 1928 and 1924, amount
Ing 10 1886 oOO-l6.796,o 900. The
means OF ,he Treasury TO meet this ex-
trsordIDary expenditure, consist, LIST, Of
the balance which may be in the Trea-
sury on the LIST of January of tina, year,
estimated at 100000; and ID, Oh the
receints OF that year, estimated at,
10 ,0OO-viz: Customs, 1000 900 );
P.ie lands, 900 900; Bank dividends,
$4,000; Incidental receipts, 1885, 900.
Masag together an aggregate Of
$1,000 600. And leaving a deficit OF
aboa l25O,0OO.