American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1826-12-29
Volume ".
ANNUAL TREASURY REPORT.
ConciAiied


ted States, in 1925, was larger than common, hav-
ing amounted, as by tile statements transmitted to-
Congress- on the ihirtic,h Of last March, to more
than ninety six millions of dollars in value. This
exceeded, by about sixteen millions of dollars, the
average value of importations for the three years
preceding. The excess was larger than could be-
justified by the mere gradually increasing demand
of the country, through its increasing populousness,
Tor foreign supplies, and could only have proceeded
from the influence of those accidental and temporal
ny causes, which, in commercial countries, are all
ways affecting the operations OF trade. supply
so redundant, Tor one year, might have been expec
ted, by the natural reAux of these operations, to be
followed by supplies more limited for the year sue
ceeding. On this account, well as throug other
causes that were adverted 10 in the Annual Report
Of last December, the probability Of there being
falling off in the value OF the importations Of 1926.
as compared with those of B25, WIS intimsted, anc
has been the fact. The whole importations for 1896
have amounted, from the returns and estimates &c
present before the Treasury, to about eighty FIVE
millions OF dollars in value. The whole OF the ex-
potts, for The time, TO about seventy eight mill
lions. OF the imports, about eighty millions have
been carried in American vessels and, Of the ex.
ports ABOUT seventy millions. OF the lster. about
| ffty-three millions consisted OF the productions OF
the United States; and the remainder Of foreign
productions The diminished value of importations
Tor 826, has obviously arsen in some degree, from
the fall of prices in those countries of Europe from
which the largest quantity Of manufactured articles
are sent to the United States and gives countepance
to the opinion that the decrease in quantity has not
been in proportion TO the decrease in value. II, in.
deed the comparative amount and value of exports
be assumed as the measure OF correct Judgment
upon this point, it would Iced to the inference
that a. regards OF the principal articles OF I'M
porta,on into the United States for 1896 there has
been no decrease in quantity, as compared with the
. - roI1 ~ rfk frnr1
The United States, for 1925, exhibits greater ex-
cess over those OF 1885, than is seen in the imports;
yet in some Of the chief articles Of export, the re-
cords OF the Treasury attest, that the quanlity, as
far as yet known, was greater 10 1926. In 1879.
the export of cotton was one hundred and seventy
six millions Of pounds. In 1926, it was one hun
bred and ninety two millions. The value OF the
Halter or larger quantity, twenty -FOUR millions
Of dollars. The value of the former, or smaller
quantity was thirty six millions. In like manner,
the quantity of -four exported in 1896 was greater
Than n 1925, whilst the value was less, though nos
| in the same proportion as with cotton. The same
| is true OF rice. The export OF Hour in 1895 was,
in quantity s58360 barrels--in value 41S9,o63
dollars In 1925. it was 813,906 barrels; and, in
value, 4,2l2,127 dollars. The export OF rice in
500, was ,635 tierces in quantity and ,9O9'227
dollars in value. In 1925, it was 97,ol5 lierces in
quantity, and 1926 ,243 dollars in value. 1t may
be proper to subJon that, Of the export oil cotton
in 1925, between nine and ten millions of pounds
were Of the Sea Island cotton and of the export OF
1896 between six and seven millions. OF tobacco,
the quantity exported, well as its value, rose
higher in 1925 than in 1926. 3uin 1896. the ex-
port Of tobacco, though considerably less than that
oil 1924, in quantity, was greater in value. The
comparative amounts, in quantity and value, for the
three years, stand thus: For 1925 IS 9S4 hogs
heads and 61l5.62 dollars; for 1896 $3.50 hogs
heads, and 1929 964 dollars for 1884, 1883 hogs
heads, and 4Se5,566 dollars. Taking the three
years. therefore, it appears. that the quantity expor-
ted was greatest in 1874. and the value least.
l, would be desirable, with view to Judge accu-
raely of tie eff,c cts of the tariff upon the importa-
lions of foreign merchandise, to ascertain the huc-
ua,ions from year TO year In the quantity OF such
mportations. This cannot be done, at present, SO
lar as any official or satisfactory standard at the
Treasury is concerned The returns OF the Coiiec-
to- 5 of the Customs in relation TO goods which pay
duty ad yaorem have. hitherto, faxed nothing but
their value and it is known. that goods subject to
duty under this form comprehend much the largest
class OF foreign imporalions. Measures have been
out in Train for ascertainng, henceforth, as lar as
D. actic able the entire quantity OF goods subject To
this description OF duty, as we'll as the value. Dur
even when time shall have matured these measures
and exhibited their results. they will furnish no
standard of comparison as to the quantity oil mpor-
tations prior to their adoption. The Information
will, however, become useful after the lapse OF
few years. in its bearing upon the course and de-
velopments of our home industry and foreign trade
showing how each, unde, wise principles adapted
to each, may advance ooequally; how the channels
and the objects OF the latter may SHIFT under the ad
vance Of the former, without any loss, but with GAM
in effective national resulls-results operating upon
the most extensive interests and enriching TO the
greatest, mass Of numbers; how, under the growth
Of The one the other is at all destined to become
dsadvanraseously and asingly abridged. The bene-
fetal parts of these consequences are looked to WIN
confidence and hope from the tariff as well from
our own experience, thus far, as from hat OF o'hef
nations of the world distinguished by high degrees
q a..il ;anI md here both have