The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1826-11-23
TIE kEHENuE.

WAsnNGTos, Nov. 9--Ihe Richmond Enqni-
rer has recently suggeaed that there as a rumcr that
the Rerenue ofhe United States lclH tdH short,
the present gear, by one or ileo millions, ot The
amount anticipated for ii IN the oDicidi reports
from The Treasury Department aud C0mm'tiees
Of Congress; and our ate ton Is called 10 The re,
port, wth request, from the Editors % the En-
quirJr, that ee VW ascertain IFS correctness. We
hare not had an opportunity 10 do this, and as pe
are so soon TO hare The official Expose Of The aate
Of the Nation, including It's finances, zoe have tho
II could hardly be necessary 10 make special lnqai.
~, erea If that inquiry teoutd certainty DC sue.
eesstm. Hithout making The investigation, as me
haze ourselves heard The same report, 0nd asst dp-
pears to hare probability to sustain ii, ICE 6sttre
the rltnor WiH turn out 10 be true.
The tteet Of such reduction Of the rerenue mould
be of no great moment; for IN the present coi'd,-
tion Of our c0natry II million or tuo more or less
Of dollars IN the Treasury IS OF hhie consequence
In surh case, ho People tcll hare paid Just 50
much less IN The shape ofta.res and the money uHt
remain IN their pockets, instead Of being taken out
ofiti The BaHk Cthe Un'ted states WW hare SO
much less Of the surplus rcrenus IN ITS Golfers, to
discount and issue upon, and ,eM IN realty be the
only loser by the falling gf
The rtasODS for betsping IN The dttedged re-
duction ofhc annual reueni.e, g7ew out y He al
THIS country Of course, aithia the last 9 months
that Is, since The Treasury estimates pere lad be-
fire Congress and the People. In The .tra place,
The prices Of The most important articles " import
hare t0toered uithin the past gear. Cloths, for en-
ample, uhch used to be iHrotced al eight dollars,
are nor, i ,cc are correctly informed inrOteed NJ
IRE dollars, and 50 on IN proportion. " course,
the amount Of duties on the same amount Of such
articles us pay dlties ad valorcm, IN rhich class
arc embraced the g,tat item, Of UOoieR and Cotton
Manufactures icW BE- less nole than II tgas tioslre
ntonthS ago an the proportion phich tpe bears 10
eigh THIS remark does NOT apply 10 The lmpor-
ations ojfhe mhOle gear. perhaps, but appiies 10
certain extent, and sufficiently, as zoe suppose,
10 cause perceptbie reduction IN the TeUenRe re-
ceirdble during The present ysar, and sill e,ors in
thai recerabie during the nert year, when the du'
lies dccrutng during the present aud last quarters
ofhc year uiH become payable.
In The neIi place, merchants generally not on
IN here dut eisephere, hare WititH the last eigh-
teen months mt ruth great losses. They hare
become disheariened, Hnid, and disposed 10 under
take less han heretofore. This suppose TO hare
had The effect 10 lessen the amount Of Commercial!
Transactions so as 10 reduce the quantity as yell
Us The specific ualue Of articles imported.
ip0H these data, the rerenue for the present
yer, and for the merit year, and perhaps, for sub
stqHent yedTs, zoe Othtpe may mare Oeeh, ana h"'
been, orer estimated. What may hare been 0iS,-
" calculated, under ersiiag circumstances, tweiro
or eighteen months ago, may yell disdppOint &C.
pectaiion, j, mtte Intervening time, those cUcunl-
stances hare essentially changed Calculations q
rerenue from impOst, must always be uncerfd1l,
and his icGS one ofhe strongest arguments ~ il
ror of direct tdraton instead Of relying on IN ost
an argument, hOrerer. uhich neuer cOarU,ced
US. If dimdys unetrtdin. they must BE- st.A more
so, under the operation cfsuth fluctuations an trGde
as lre hare lately seen. Nat. Int.