Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1826-01-04

exerts such an influence upon the trade Of other
countries, that any. important alterations in the
former, must always be likely 10 affect, toa
greater or less extent, the markets Of Europe
and Of the commercial world The larger adj
mission into England which the above changes
authorised, of the commodities Of other coun-
tries, heretofore positively or virtually exclud- /.
ed, for ages, from her ports, must have affect
ed the prices of a portion at least OF those COM
modites, by the prospect OF new vent thus
| suddenly opened to them. This is known 10
have been the case in regard TO some commo-
dites, the duties upon which were lowered by
the British tariff, which commodities were al
so amongst those imported from Europe into
The United States. 1t is presumable that it
may have been the case in regard to others less
distinctly known Hence, the additional value
| of foreign merchandise imported into the Unit,
ed States during the past year, cannot in all ca
scs, be taken as the true measure Of an addi-
tional quantity, the laws of the United States
recurring the value Of foreign articles to be fz
ed at the, port of expectation, and at the time
! of expectation. These changes in the British
laws of trade, operating simultaneously with the
new tariff al its commencement, increase the
difficulty of ascer,aining at this juncture the
|
| upon the course Of the foreign trade OF the W
nited States.
| The importations for Che year being so la f,
and the provisions Of the new tariff manly H.
taching to them, corresponding amount OF re-
venue will arise from this source, during the
year. Accordingly, the gross amount OF rere-
nue. accruing upon imports and tonnage, from
the first Of January TO the thirtieth OF Septem-
Der last, is estimated at twenty-five millions
| five hundred thousand dollars The gross a.
mount that will probably accrue for the whole
year, is estimated at thirty-one millions. Should
this amount prove to be correct, II will exceed,
by six millions of dollars, the amount which
has accrued during any one year since the ex-
ces.ive importations that Immediately followed
the war: viz those Of 1915 and 1916.
| In estimating the clear revenue that may be
expected 10 arise from the duties OF the year,
the amount Of them to be drawn back on ex-
portations of portion OF the articles OH which
they have accrued; the losses that may happen,
and the expense Of collection, are all TO be ia
ken into consideration. The duties secured by
bond during one year, are chiefly payable in the
year that follows. portion is payable in the
same year; but this is generally counterbalan-
ced by the portion that also becomes parable
in the next year, on the importa,lons oil that
year 1t will be more than copnterbalanced, ii
the importations prove greater, and will NOT be
met if, they prove less. Debenture certificates
for payment of drawback, being demandable at
any time within year after the importation oil
the articles intended to be exported, the num-
Der and amount Of them, chargeabIe upon the
accruing duties Of the year, can never be accu-
rately foreknown.
The debentures issued during the three first
quarters Of the present year, amounted to S4,-
489,7lo 90. This is more, by l,557,7lo SO,
than those issued during the corresponding pc
Rod of the preceding year. The amount OF
those outstanding on the 3oth September last,
and chargeable upon the revenue OF 1896, was
l,s5s,3l5 Ga, which is more, by S54,3lS %,
than was chargeable on the same day, in 1924,
upon the revenue oil 1925.
The amount of duty bonds in suit on the Soth
of September last, was S2,9S7,547, ., which is
92,79i 90 more than was in suit on the same
day in the year preceding.
Deducing from the foregoing statements the
conclusions and pro liabilities that may at pres
ent seem warranlabe, the receipts for 1926 are
estinated as follow, viz:
From Customs, S24,0 900 90
From Public Lands, l,0C0,O00 90
From Bank Dividends, $4,000 600
From Miscellaneous
and incidental receipts, $4,000 90