Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1824-01-10

that understood to have been the consequence of i
an expectation, generally ENTERTAINERS tia, ia ',itis
which ~ iujnshed under tho act OF the 2i of
March, 1921, and which supposed TO pre- emt the
strongest Inducements TO pure hascrs, would he
'oueh. into marker early ~ the ensuing year with
respect to- he customs, however, the anticipaions
tina, had been formed, both as TO the circumstances
which 'wcrs calculated To have an influence. upon
the ir productveness, aad the results have been
completely realized. IL il believed, therefore, that
dat" founded upon the same principles those which
o,ensd IN forming The es'innic for the year 1923,
may he satisfactorily presenrd the basis o AN
estimate for the year 1924. With this view the Sc
creisry las the honor state
Is. That the gross amount of duties imports
aud 'ordagc, Which accrued from the LIST Of January
tn The so al September last, inclusive, estimated
a, 2 II 500 COO and that of the whole year, Al
81 100000. OF this sum, that portion whirh arc,u-
ell ~ TIL ii - hhiI oi the year is about 600 000iess
than that OF he sam" period Ia ''e preceding year
and that which accrued Ia the first quarters Of the
year, is estimated NJ 700 900 less han that Of The
corresponding quarters al the preceding year.
3D. That The debennres ISSUED during the three first
quarters of the year 1928 amounted to < 3fl2 900
winch exceed the amo"n, ISSUED during The cories-
pomdng period OF the year 1922, by 800 600 and
the IN cunt OF deheniures outstanding, uu the 30b OF
Sepis mber las, aud chs,geable upnn \. revenue OF
1884, was I05 QUO wh,ch Us 8 500 600 n,ore than
was on The snme day, IN 1922, cna'gcable upon the
revenue of 1873
3d. That the value of domestic articles exported
i'"m tie United States, in the year ending he
30th OF Srp'emner last, amornted To & ~, I557I1
hemg y 2,7l8,363 less than those exported ia the
year preceding and The value Of foreign articles
exporiediu the wear ending on iie 30h September
issi, 81 $50 469 helng : 5,tl, 267 more than
those "xpor'ed ia tnc preceding yea
4th. That aggregate value of the imports Into he
U"ned STATES, during The year ending the 30ih
September iA4t, is estimated al n 486, 432 winch
'Sless, by 755 ,l09, than those imported in The
preceding year.
9th. Tbarthe amount of custom-house bonds, in
| sui which. ON tie 30'h of September 1920,
) $50 OOO, WAS, on he same day, ~ the yeai 1922,
2T95,oUO, aud IN the yea 1928, So, 6l7 600 !;
VII, NC :. appears, 'ia', although a reduction OF
) 3iS,cOO he'd taken place dnrirg the whole period
YET the Inouni IN suit The 30ih Of September las,
was gre"'er, 10y $4,000, than the day Of the
| year preceding.
| Upon consideration of all these facts, and the
conclusions dedncibIe trnn, Them, the receipts from
he cnS'oms. IN the Year 1921 may he estimated
| ) 1880 900
| A considerable portion Of ,he lands ,elinoushe Ell
undcr the act OF the 81 of March, 1921, will be
hrough' INFO market IN The ensuing ycnr but, as il
ye' uncertain 20 what extent this may be deemed
ad.i sahe, and ms The sale OF ihrse lands will proba
h'y absorb great portion of he of those who
arc prepared To make the public lands,
u II considered pTudent estimate the recep,s
lrrn 'is source ofrrvenur ~ Than 8 600 goo :
although II Is believed, that they will exceed thai
sum.
| Under these circumstances, the receipts Of the
y..r 1924 may he estimated as follows:
Public iards - I,6000o0
| Bank biviG'nds S5O,Op0
! 1nci,ien,al receipts, incu,,iug Ar
! r-"rs al internal Duties aud d.
Repayment, OF sivnue,-s made in
The War Deeartmen for SER
vices or s"ppiirS prior to July 1,
To which is TO he added the sum of eIi696s 80
remaining IN The Treasury ntier satisfying
all the appropriations cbargeabIe upon the
=, Of The yg,r is24. amount to -, ' 25slssda so
The expenditures of the !ear 1924 estimat-
a.; IN,
Military service, including Foriif--
cations, Ordnance iudian Depart-
Pensions, annins the Militia. and
arrrar"ges rfior 10 i,t Jan. 1917 5,I22,2ss Is
uai increase OF the Navy 2s7ss27 81
Public Debt 5sJ4OOO 90
Making aggregate of : ooa osa 90
wsish s s &, aeaa1'ed from the estimated
onhs ISL january 1925, after satisfying the
estimated d. s,7s2,7is IL
Under The existing laws there is no probability that
any portion OF the balance remaining in the Treasury
o" The lstol January, 1924, OF the surplus which
may accrue during thai year, can he applied the
d,sr harge oil tue public debf, until the LIST of January
1879. Yet, II g not deemed conducive to The gene
RI ospfri'y OF the nation, thar SO large an amount
s"ohid he drawn from the hands Of individuals, and
s"heredto lie inactive in the vaults OF the Banks
On The o,heI hand, the high rate of interest of the
great amount oil debt which becomes redes n,abIe on
the lst OF January, 1925, renders il inexpedient for
'' government 10 Apply TO other objects any portion
OF the mems winch ~ may possess of making adj
Tahinge0us reimbursement 1t is believed, howe
yer, mat every inconve Ucnce may he obviated, If
authority tie gwen Tor the purchase OF the seven per
crn, stock, amounting 10 $500 O00 during the year
io~tj ~ huch rates as may be consistent with .he
pubic interest. As IL is certain thai the govern.
men WI pnssess ample means redeem that stock
on the Isl at January, 1925 il is presumed thar he
huiuers VIII he willing 10 dispose Of H. during the IN
".N"' AT TAR price aud, us gradual conversiou
ol 'h'o money at such times aud in such portion,
as would lac most iaI orate To its Investment would
ne most advantageous To the moned transactions of
ihe community, u rs presumed that wouII lie most
acceptable To The holders
Is, thefeiuTe, respectfully proposed that the
Commissioners Of the Sinking Fund he authorized
SUNG year. 81 The following above th principal
SUM purcbHspd:
]. For all sock purchased bp fore the tor ArfilI
next, ~ raie not exceeding s 25 on every & 100,
~ aduiIon 10 tue interest due such stock on that
DAY.
2. For all stock pur shased berween the LIST Of ApriIi
md the Isl fJuly next, 1T rate not exceeding rs
cents on every 100, addition 10 the interest due
on The last mentioned day.
g. For all stock Purchased between the LIST of July
an" I'VE LIST uI Oc"peT nex, AT a rate not exceeding,
on every SlOO, The amount Of interest which would
have accrued on the last mentioned day.
q For all stock purchased between the Let Of DC.
t"e' ioZf and lhe Isl OF January, 1925, the princ-
pa" aud Interest due on the day of pu, chase.
III proposing 10 the consideration of Congress this
application OF the surplus means Of the wears 1928
and 1924, the probable demands upon the govern
meni ~ providing for the awards Of the commission
ers under the treaty with Spain of the 22d February
iBiS, have moi been overlooked. IL is believed how
evsr that funds may he advaniag eousy supplied for
the discharge OF those claims by the issue and sale
at not lcss than par OF five pc, cent stock redeema
bic ." 1857 aud u rs respectfully proposed that au.
Iboiuy he given for that purpose