Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1825-01-20

year. The value Of imports during The same
period. is ESTIMATED Al D78 5l6 los; which ex
&c eds the imports of the preceding year BY
1856 $40.
For three years past the average annual va
Iue of imports has been D79 778 99T; that OF
foreign articles exported ms 02b 2J8; and that
Of domestic articles exported vso S04 732.-
The little Hucluatioa that has taken place in
these years, and The improvement in the last
wear may be- regarded as indications that the
commerce Of the country is tending to regu-
lar and sound state. 1t no extraordinary e.
vents should occur 10 interrupt 1T, it IS resson-
able 10 infer that there will be no material or
unfsvorable change in the ensuing year
For the two years ending ON the 3ist De
cember, the average annual gross amount OF
duties on imports was D23 UT o35. This sum,
upon the annual average value OF the whole
mportations for the three years ending on the
sob of September, 1924, was % - per cent.
and upon the average amount OF importstIons,
Afer deducting the exports Of foreign articles
/, was p42 ~ per cent. For the same two
years. the average annual nett amount ct duties
including tonnage. &c. was p18 75S 93l; and
for "a. re sons Tread, stated i nay be pre-
sumed that, iudeperdent of any influence which
he new tariff may have upon The revenue, the
amount which will be received into the lressu-
~ from customs during the year 1925, Will be
about equal to that sum.
The operation of The new tariff upon the re-
venue cannot now be correctly estimated. On
one important branch of imports, those from
beyondtbe Cape OF Good Hope, its provisions
win not take effect until the Isl Of January neat.
As it $ only since the FIRST of July last that 1t
has been in operation in regard TO other i'npor'
,ations. and rs the collec ors are allowed by law
three months tor rendering their accounts, tbe
addition caused by the new tariff cannot, even
for that portion Of The imports aud tor one quar-
ter of the year, be stated with perfect accuracy.
It is believed, however, that the investigation
which has been made with a view to that object,
afford. data for estimating its effects with sutii-
cient exactneA for the present purpose. 1t
has been found that, upen the whole importa-
lions ESTIMATING their value at the rates adopt
ed in forming the statistical report,) in the
hree quarters of the year ending on the S0th
of June. 1924. the gross amount OF duties was
p27. As per cent; and that it the rates OF the
present tariff bad been applied 10 the same I'M
oortations, the duties would have amounted to
p3O. 80 per cent; which is equal to an increase
upon the amount of duties, OF DlO 50 per cent.
l. also appears that in eight OF the principal
ports of heLnited States, the rate of duties up
on the whoh amount Of importsdons during the
third qnSrter of the year 1925 was D28 80, and
during the corresponding quarter OF the year
1874. i was D30 90 per cent. But 1t is to be
observed that, in the third quarter OF 1874, The
importations from beyond the Cape OF Good
Hope were not subjected to the increased rates
of the new tariff. These, IT rs estimated, would
have male the rate of duties IN that quarter
DBL 10 per cent; which is equal to an increase
upon the amount of duties OF D7.57 per cent
mi -. .-..y ..o-ba~a have anne Gtfert
upon the importation of those articles which pay
high rates Of duty, and for which articles OF q
lower rate mey be substituted But as the va
hue of the imports more upon the abiiity OF the
importing country to pay than upon the amount
of duty ieyled upon the articles imported II IS
not probable that under the present circum-
stances a the commerce of the United States,
re will be any dimlnutlon IN the aggregate.
Unon the whole, therefore, 1t is believed that
the revenue derived from imports will be IN
creased by the operation of the new tariff in a
ratio nearly equal to that in which II is estlma-
ted to have been increased during the third
quarter of the present year IN the ports above
mentioned-or about u per cent. Tins IN
crease. however, viii produce less augmenta-
ton in the actual receipts into tue treasury
during the year 1926 than III subsequent years
With these views ofthe subject, the receipts
IN the Treasury, during ihe ye@' Ao~~s o. -
timated as follows:
Customs Sc0,000.00o
Lands 100000
Bank dividends o50,o0o
Miscellaneous and Incl.
dental 10000
-
Making together 21,500,GO0
And the residue oft
loan authorized by
the act of Doth of
May last S2,45O,ooo
Forming an aggre-
gate Of -2 5'9'O'ooo
The expenditures of the year are estimated as