Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1828-01-02
MA, WEDNESDAY,, JANUARY Q. l828.

-, l1-s-"S--s.
such estimates can, therefore on no occasion ba
regarded IN any Other iigi than rs an annrox j,a;io
20 'h"t sum always desirable to be Known but rarely
II ever, IN lcrg series ef Years oreioI with =, eci-
SION The estimates presented Tor 1897 ya.e cn,,oe,I
upon bases which had tic sanction Of ,si
IN giving reasonable promise q fair aDoroa,h 10 the
true result. Whilst On The one side ey,ac,.;io,s al
redundant income should be too confidently in>
| du!Ged, 1t becomes duty t;, other NOT to es-
mate the receipts below the amount which The usual
prooaonhes seem 10 warrant, test the public service
siii':-' -: ~''a:ci in Any useful particular bv the re
strained appropriations of CONGRESS- Tie irnI,ora-
IONS for 1897, taking into The account the calendar
year, will, II is believed before minated exceed
me l'hporlations for 1899 Bat those the Two FIRST
quarters of 1897 had been vc!f small He'd t,ev
borne the proportion 10 those OF The t,eo In,
quarters that the appropriations tc two first quay
tiers have horne 10 those oi tho ~ las. on an aycragr
OF I'VE years preceding. The actual receipts the
treasury from tue customs IN I1ST, would have been
larger.
his effect wnpld haze grown ont Of the terms Of
cfedi' allowed on duty bonds Iiy these ror-
ION OF the payments alvnys falls tue yIi!tin the wear
on hTporiaiions made dgfipg the SIN months il.
me year. ihc average hEpoltaioGs lot the t.. six
months durrg five years that preceded 1927, were
larger than these for the last six months For 1897
'heFe IS every probability flat tins rsiJ OF rnporatons
on the time O! tho Who'll. year, will be- reversed I;
! is &C. as far ascaTtait ed.
We are reminded. b. the ex3c ienoc Of recent
years, of the GIeuucut variations between the ntii
paiions aud tie issue in tl, p.rt of cur fiscal s,gc
!
IN 1917 hc estimated receipts from tie customs ,rt re
t-4,uvo,uCO ana the actual receipts G2G.233 3i&.
In 1919, The estimated receipts s 20 600 0GQ and
me actual receipts SI7 1855. IL 1919, 1920 and
!S2' the csiiinaies from the source were sue.
cess're!y given ut 81 GEO coo 81 ,OO0 eco aud
SD 100000 The siI'is successor cy received were
S2o,165 GO2. g COS s ! and Si3OlI4i7. These
dlsarfoiDmcnis srruy from suPervcning causes. tle
means OF know Ef, which did exist when tho csti-
males we're made There have bern, 1t other cpucIis.
differences icucr copsi,erabla which need not
Z n nj = 81
pose OF setting forth the nInsG uncertainties of hs
branch ofreyennc, W add, that the last Of tie years
here indica ed, after tin bad been gigsi. ii
from tho T.eosuTy nj ~! 00U 600 ,La rrorcr com.
mee OF CT t.e branches of the T.eesi au5e tllifl
ing ii TOO low, raised 10 fifteen Iriiiloas The re
ceip's Tor that year 1891 scarcely exceeded hrtceD
inI!ions, rs already stated. The allusion ihorC
iacts "0hld DE incomplete IN IFS purpHse it!OIt tie
further remark, ia the affairs tls partmeDi arc
wei! known 10 have been conducted with great Gcrpla
accuracy during the wears mentioned.
The balance OF s zoe 535 % shat will nroba5iy be
in the Treasury the Isl OF january I32S. VIII 10
SUBJECT 70 ibe following charges I. The balance o!
u3appcd appropriations st!c1 iH rrtain he 81. is
hed after the Ist Of January, 1925, estimated al
S3,9&0,OG0. g about InCn ct dollars in fund
that Camno' be considered cf-c,ipc b. iag made II
ct debts d.e from oa95 j. srycra! OF the STATES mere
Iofo'c Ussj by t g0Heineata hanks Of aapos;,e,
the notes OF which received whist rcr.aents II,
specie suspended. "a :, rs stated IL a former
reFni tie recovery q these Gclts TOUGH Ircse..r
20 thai end in tram, many nstauces
regarded IS dcnha end vii rrG!ab!, TIC slow in ~.
I ) The SUM % SiiT&3O, being lie aao;.at w::l. i
IS believed will ennin unpaid OF J'.a a2n.ys IeceYeu
under Tie first article Of DC treaty Of Chent.
/ ESTIMATE or TIE PUBIC REVENUE AZ TX.
TEN DlTLFE FOR 1898.
The Yae 81 !.u3uTd INTO die C5H.;eI States Sn
ring the year cTDr the ti'.ietl % September la-;
IS estimated a! eighty iilIsu Of dollars. The OK
poaiOns tDr the period are estimated nj css'Ity
'''ans--if h"m tdc more exact Statistical returns
tie year are lad before Congress they Will be ~ liz,
OF the WI. be oerC wed tlIa there ia.
hccn di'FIUtina Ia tie imports from China during ths
present year. as compared with the past. Tne Gi,nnu
ton ma been very ca1s;dcrab!o bo.t IN teas and silks
This fact will show in The en tie greater excess Of in
Pnriaou= from EuIcpe during tic present ear whence
foreign GnaU"iacigrg5 are principally derived
The fo1r; yc"r IS now in pregrcss the passage
the act o Cong augm"HtIuE ta d lies
merchandise. We tie, fore point cnobI,ra
To speak grounds authentic tha:i Iij.oro o
tie effect of tatl act uUon Tue oregH commerce 81 -,
"a inn. rs comparing de t!li las elapsed SING,
lis operIton with equal portion of time that Frece
ds, ii appears tla both the imports and exports have
IN tiIe aggregate increased. They sis.nd ia.: Toa
value OF imFnTialons for tie years 1922. 1928. :ut
1921 two hundred and forty millions Of dollars fc
tai for 1925, 1926, and 1921 hundred aud ~
two Tii!Ofs Tot. value pOrtaons f,r the Ine
former years hundred twenty Is; millions 10
ta value tor the three latter years, hundred an
dtty seven millions. Fractions drUp;eG both pvai
The result is affected hy the rc expectations 81 for
ogn merchandise for lie tirnc, which bear
proportion nearly be equal, the basis c
irFO Ia IONS Tor iAc tf O. 1868 J. y ~ 5C understood
tlai ~ these statements 0s InpOraiG;;~ and rTrufia
lions for term Of SIX years these iur 1877 are give
by estimate only, for proportion Of the ycai; but
not believed tha there will be any such ,hanns -;
shake the general results. The arlic;ls Of drrngs
tic manufacture exported III 1897 are Csiijua;j3 .
upwards Of seven millions ii do!!a7 sum greater tia
ihat 10 which tbcy have ever before Amounted 10 az
one year.
tariff ordriic5 uPom foreign productions. my, with
OH doubt be raised to affect lnjuriu,s;y thc So
forests of foreign commerce To suppose ai tic IN
id of bc United States established by tic act Of Ma,
1872 5at such pitch would nc contrary 10 anaingjc
afforded by dc history Of other commercial ruticn
AMI. thus Tar, 10 tie eXprd.cucc CT oar owu 1t
believed, % TIC c0ntfary, tIat ,a.-z Intr." b
aug reutrd in important particulars sruu hozard'n
any such consequences 20 foreign tratc oitrnat
course aud aggregate value; aud lhai tfuc nat oua
policy dictates t:cir augmentation The increase
imports and exports, the :ariI OF lG2l be
comes the more stirling. from line consideration that
~ 1876, hcrc witnessed ~ Europe cXtraord
nary depression of prices This follow Cd by pro
poriiunatc starnatiu in ali the operations OF rurChas