The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1824-01-16

, f.r. the ami icii,afinns that had been lurmrd
battt as ~ the circumstances which vef' I
10 hast - ielluruce upon liifi' /
and - Ia lhp result, have |
,ern campleirl, realized. IT is h,brsed, |
therefore, that tlata founded upon the same
principles rs those which gutcrnrdfn Tor
ming The estimate Tor the year i823. may
~ saiisfictarily preserved IS the basis oi
IN estimate for the year 1874. WITH ihi
view, the Secretary has The honor to
state:
lst That the gross amount Of duties on
imports aud Tonnage, which accrued from
the lst January 10 the J0th S"pt"mhri
last, inclusive, /. estimated nj SIC 100000 :;
aud that OF the whole year, al ST. 100000.
Oi this sum, that portion which accrued 10
the first haif ufthe year, is about 81 900,
coo less than thai of The same period IN tie
preceding yra aud HAT which accrnrd
~ the thrre'irst quarters Of the year, is rsii-
mated 1T sl,70O.O0o less than that of the
corresponding quarters OF the preceding
ycar.
2d. That thr dfhentures issued during
the threc first quarters Of the year 1875,
Amounted To - 1900; which exceed the
amount issued during the corresponding
period of the year 1899, by S2,Jd0,000
and The amount Of dehrnlures, outstanding,
Oh the J0th September last, aud chargrahle
upon the revenue of 1871, was 81 ,405, 900 :;
which Is 100000 mnrc Than was, an the
same day, 1922, ciIatgcable upon the re'e
nuc nf 1873.
81. That the value Of domestic articles
exported from the United States, in the
year ending ON the 30th Of September last
amounted 10 SI7,15J,7li b"ing S2,718,.
Jsd less than those exported IN the year
preceding; aud the value nf foreign articles
exported IN the year ending on the Both
September last, was S27 800, 1863 being
SJ,2i4 ,2G7 more than those exportedin The
preceding year.
18th. Tbat'thc aggregate value Of the I'M
ports into the United States during the
year ending the 30th September last, is
estimated at S77,4G6.452.: which is less,
by 8J,7JJ, 100, than those imported IN The
preceding year.
5h. That the amount Of customhouse
bonds, in suit which, on the 30th Srptem-
her, 1&20, WAS S5,l30,O00, was on the same
day in the year 1922, S2.706, 900, aud in the
year 1873, $28t7,O0O.; whence, it APP
pears, tlIat although reduction Of S3l g.
600 had taken place during the whole peri
=
September, was greater, by .s2e 900, fhan
on The same day on the year preceding.
Upon the consideration of all these facts,
and tas conclusions drducib- from them,
the receipts from the customs, in the wear
l32 !, may he estimated at SlG5O0, 900
considerable portion of the lands re-
inqushcd under the act orthc I'll Of March
1871, Will be bot into market in thc c'tstt-
lug year but, as il ia Yet uoccrtain to what
extent this may be deemed advisable, and
As the sale of these lands will probably alb
sulb Il great portion Of the means of lhosr
who arr prcparedto make investments in
the public lands, it is considered prudent
not In estimate t,c receipts from tins
source nt rcNenue AT more than 81 900 900
although it's believed that they wlllcXcce,i
that san.
Under ihcsr circumstances, the rrcripfr
81 the year 1921, may be estimated as fol
lows:
Customs, S1G,5oo,ooo Public Lands
Sic00,ooo Bank Divihends, $4,000
incidental receipts, including arrears Of in.
telna3 duties aud direct tax, $4,000 dollars
ltepas menls OG advances made in the Wal
! d"pHI iment for service, nr Supplies prior IN
I1a!y l, 1916, 10000 doilars making iogr-
thcr 1900, 600 dollars 70 which IS 10 be-
aided the sum of Sc, I6G .nso 80 le,naiuiny
IA tie Treasury, after satisfying all thC
! appropriations eharG cablc upon The mean.
81 III y, which makes the entire means al
! The year fG2t, amount ia SI5.DIGg6q 10
| The expenditures Of tlle yeas 1924, are est.
! n1a'Pd rs llows Civil, diplomatic, and
nnscrHanrous, 81 al l,O57 - Military
service, including Notifications, ordnance.
i Indian department, revolutionary and mill
tdfy pensions, afuinS the rTi;lilla, and mr.
! rearngrs prior IN lst january, 1917. 81
] ~, 266 - : Naval service, inrIndiur III,
gradual ncrea't of the Navy, S2.gB3a27
81; P0blIc Debt, 81 314oo0 90 making
! IN aggregate Of SIJ,24I,262 30; which,
/ being deducted tro,s The estimated means
ot "a !, VIII leave il the Treasury, on the
! Isl January l&2a, after sasislying the cur
rent fcmands Of The year 1884,, a balance.
estimated AT S9.79g.i16 IL
! lndor the existing laws, there is no pro-
hahIlltE that any portion Of balance re-
! NAMING IN the Treasury ON the lst of Jan
! Hlr!, 1891 or Of the surplus which may
accrue during thu year, can be applied To
| me discharge OF the pnhI'c debt, until the
Isl at january, l2.5. Yet, il il deemed
ceha"''Nc 10 the general prosperity of the
nation, that 50 large an amount sltould be
drawn rom The hands at individuals. and
suffered to he inactive in the vaults nl
hanks. On the othc hand, the hsh rate
ct interest OF the great ameuut of debt
winch becomes redeemahe on the Let of
January, 1873, renders it iuexpedent for
the government to apply to other objects
any portion OF the means which it may
possess OF making 50 advantageous rim
burSelnent' 1t is believed, however, that
every lnconrcn'rnce may be ob,ialed, if
authority he given for tie purchase Of the
seven percent stock, amounting ia $3.50.
oo", during the year 1924, at such Rates as
may he consistent with the public interest,
As II IS new certain that tie government
WIN POSSESS ample means TO redeem that
SlnCk ON the 4 Of I1nunr.. -. :.