American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1825-01-11

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count is 10 be expected. A portion OF the amount,
Iaso is not payable until 1896 but the residue, to-
gether with so much of the duties accruing ~ the
4th quarter Of the present, and IN the whole OF Inc
next year. as may be received during that year. VIII,
after deductng the expenses OF collection, consul
ltu.e the receipts from the during the year
l1825.
The produciiveness oil the customs, however,
depends upon the state Of the foreign commerce oil
the nation. II is estimated that IN the year ending
on the soth Of September last, the value OF domes-
ltc articles exported was S49684.z10; which ex-
lceeded, by S2529 500, the amount exported in the
preceding year and that the value OF foreign arll-
lcles exported was 1925, ,782; which was less,
lby 82,e9484o, than the amount exported ~ the
preceding year. The value of imports, during the
same PERIOD is estimated at S78,5l6,lS3; which
exceeds the imports of the preceding year by
l89S6,9l6.
For three years past the average annual value
OF imports has been 879,778,997 that of foreign
articles exported 2s 026,20l; and that OF domestic
articles exported 49, 9o4732. The little nuctuation
that has taken place in these years. and the improve
ment in the last year, may be regarded as indlca
tons that the commerce OF the country is tending
to regular and sound state 1t no extraordinary
events should occur interrupt it, it is reasonable to
infer that there will be no material or uniayorable
change in the ensuing year.
| For the two years ending on the Slst OF De-
cember. The average annual gross amount OF duties
on imports was 23,227 1855. This sum upon the
annual average value of the whole importatlons for
the three years ending on the Soth oil September
1924, was 1919 per cent. and, upon the average
amount Of imporations, after deductng the exports
of foreign articles, it was 42.42 per cent For the
same two years, the average annual nett amount OF
duties including tonnage &c. was l8.758,93l and
for the reasons already stated, it may be presumed
that, independent Of any influence which the new
tariff may have upon the revenue, the amount which
will be received into the Treasury from customs
during the year 1925, will be about equal TO that
lsum.
| The operation of the new tariff upon the reven-
ue cannot now, be correctly estimated On one
important branch OF imports, those from beyond
the Cape of Good Hope, its provisions will not take
effect until The FIRST OF January next. AS it is only
since the LIST OF July last that 1t has been in opera
lion in regard 10 other mpoI tatons, and as the col
eclors allowed by law, three months for
derng their accounts, the addition caused by the
new ilf cannot even for that portion OF the i'm
ports and for one quarter of the year, be stated
with perfect accuracy. Ii is believed however,
that The investigation which has been made with a
view to that object, affords data for estimating its
effects with sufficient for the present pur
pose. II has been found that upon the whole i'm
lportaor ESTIMATING their value al the rates adopt
lquarters of the year ending on the 50th OF June,
1924, the gross amount Of duties was 27.45 per
cent: and that IL the rates OF the present tariff had
been applied to the importalions, the duties
would have amounted to $3.50 per cent. which is
Iequal TO an increase upon the amount OF duties, OF
1889 per cent 1t also appears, that, in eight of the
principal ports of the United Stales the rate oil
duties upon the whole amount Of importatons du
ring the third quarter OF the year 1928, was $3.50
S24, 1t was 80 80 per cent. Bot, it is to be OBJ
served that, in the third quarter of 1874, The i'm
Iportations from beyond the Cape oil Good Hope
were not subjected to the increased rates OF the
new taIih These, it is estimated, would have
made the rate OF duties in that quarter 5l.40 per
cent which is equal TO an increase, upon the
amount OF duties, OF 7.57 per cent. The tariff
may, perhaps, have some effect upon the importa
ton OF those articles which pay high Of duty.
and Tor which articles Of lower rate may be sub
: stltuted But, as the value of the imports depends
more upon The ability Of the importing country to
lpay than upon the amount OF duty levied upon the
articles imported, il is not probable, tha under the
present circumstances Of the commerce of the
\ United States, there will be any diminuon in the
laggregaie. Upon the whole, therefore, it is beev-
ed that the revenue derived from imports will be
Increased by the operation of the tariff in a
ratio nearly equal to that in which il is estimated
to have been increased during the third quarter OF
the present year in the ports above mentioned-or,
about 10 per cent. This increase, howe err will
,Iproduce less augmentation in the actual receipts
into the Treasury during the year 1925 than in sub
$ sequent years.
a With these views of the subject, the receipts into
the Treasury, during the year 1925, are estimated
: as follows.
: Customs 5 10000, 600
o Lands 100000
! Bank dividends $50 600
t Miscellaneous and incl 10000
dental