The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1825-01-21

| and, IN purchasing per cent stock s4is3
| S97 10 making togelher St,4SO,94j sd
| and reducing the funded debt, On the Isl al
October, l824, TO se0,691,07I So; in III.
fourth quarter of the year, il is estimated
| there Will be added, IN IL per ceut stock
under the act of May 26, 1924, So, 5Oe. 900
making an aggregate OF 3,ls7,O7l sd
aud, during the same period, il is estimated
there VIII he paid, fur the redemption o
the residue Of the per cent. stock s4.483
o93 II (; and, of the exchanged s per cen,
stock S2,668,974 90; making tngcthr,
81, l52,O6S i6 ; which will reduce III,
funded debt, unredeemed, on the LIST Jan
1925, (nciuding S7,00e,o0O five per cent
stock subscription In the Bank vi the l..
States, for which the stock uf the bank held
BY the government Is considered an equi.a
lent $50, O45, 003 SO the amount Of Tr,a
sury notes outstanding On the LIST October.
1924, is estimated al sl0,736 and the n.
mount of Mississippi stuck UNI edremed on
thdt day, including awards not applied for,
at SI4,0l6 So.
BY the preceding exhibition orth fiscal
operations of the year, it will be perceived
that, II the expectations formed respecting
the fourth quarter should he realized, the
receipts will have exceeded the estimates
presented at the last spssiun of Congress,
by abUut 100000 dollars. The Only failure
has been in the proceeds OF the public lands
and that has been the result Of n dsap-
poInment ia regard Ia the rriinquished
lands great PORTIONS of which were sup
posed to offer strong Inducements to pur
chascrs. in their fertility and situation, aud
other circumstances. But, not onl, has the
quantity sold been less than was anticipated,
but owing, as I Is believed, in Il great mea-
sure, To combinations of capiraiists, by
which actual settlers were deferred from
competition, tn. price has not, with few
exceptions, .xcteied the minimum price
fixed by law. Ii j. IN be observed, howe
yer, that the actual receipts fIom that
source of revenue during ihr present year,
viii exceed those ot the preceding year
aud II Is estimated that those for ti.e ensu
Ing year viii not be iess.
The gross amount OF duties OD imports
and tonnage, which accrued from the first
of January To the 30th of September last,
inclusive, is estimated at 1900 600 dollars
and that of the Whole YEAR at S42, 800, 900.
Ot this sum, that portion when ACCRUED III
the first half ut the year, exceeds, by about
$50 900 dollars, and that III the three quar-
tiers by about l,206, eco dollar, the por
lions which accrued in the corresponding
quarters ot the preceding year.
The debcnlurcs issued during the three
first quart. of the present year, amounted
to 2.952,000 dollars; which ~ less by 49,,
600 dollars than the amount issued during
the corresponding period of The preceding
year aud the amount of dchCnturcs oGt
tahdlug on the 30th of September last, and
upon the revenue of 1928, was
/ ,004, 900 dollars " kch is less by 40l 600
dollars than was, on the same in 1898,
upon the revenue Of 1894.
The amount of bunds in suit on the S0th
September last, MAS 2,909,0OO dollars !;
which /, 500 600 more than was in suit on
tine SANE day of the preceding year
Deducting from the whole amount of du
ties outstanding ON bonds aud otherwise,
on The 3Olh September last, the drhentures
actually chargedbie upon them and the
bonds IN suit, 1t is estimated that the sum
payable after the expiration of the present
year, will be about L., 100000 dollars
This amount, however, il subject TO deben
lures bic. may still be lssueI but, as an
allowance has already been made Tor lnose
" hich are now chargcable upon it, no con
oihti amy bu lltli Az pbut - w w
expected. A portion Of the amount, also,
is not pay able unnl 1896 but the residue,
together with So much of the duties accru
ing in the 4 ! quarter Of III. present, and IN
the whole oi the next yeal, ~ may bc re
reivcd during that yrar,"il Ill, after drductms
The expenses of collection constitute the
receipts from the customs ~ iJ6 the year
1875.
The pIoduCtiveness of he customs, how
ever, depends upon lhs state oi the foreign
commerce of the nation. 1t is estimated
That, IN the year ending on the S0th Sept
last, the value of dn'9esiic articles exported
was 49,G3f7I0 dollars which exceeded,
by Q J29, 3o2 dollars, the amount exported
III the preceding year aud that the value
Of foreign articles exported was rs, 243,782
dollars which MAS less. by S2,294, 10,
than the amount exported in the preceding
year. The value of imports, during the
sane period, Is estimated at 1916, 1913
dollars which cXccedS the imports of the
preceding year b. 3J6,9i6 dollars.
Fog three years past the average ANIMAL
value of imports has been S79,778,s97
that Of ioreiSn articles exported 25,026, 20l
dollars aud that of domestic Articles tx
ported 43,yOI7J! dollars. The Aite Gac
tuatian that las taken place IN these years,
aud the improvement IN tile last ear, may
be regarded as indications that the coin
mercr of the country is tending to a reSn
lar aud SQUAD state. Ii no extraordinary
events. should occur To Interrupt II, It Is
reasonable 60 infer that there viii be no
or uolaSorable change in the en-.
sung year.
For the two yeats ending on the Sist
Dec, IN. average annual gross amount of
duties on Imports VAS 23,227 ,835 dollars.
TINS sum, upon the annual average value
Of the Whole importatons for the three
,eais endins on.thc 30th September, 81 h..
was e9.l1 per cent. aud upon the average
amount ut importatlons, after driuet'ns
the exports oi lneisn articles, 1t WAS s42.42
mr. q. III Enr tho aalne TWO NearS, The