Litchfield enquirer. [volume] (Litchfield, Conn.) 1829-current, 1830-12-30

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sales Of public lands, Sl,517,175 IS; from div
idends ou bank stock, S49O. 200; incidental
receipts, 81 SO, 486 "a; making altogether, a.
s97, 627 SO.
The receipts into the Treasury for the three
first quarters of the present year, 1880, were.
from customs, II ,268, l22 IA sales Oflands,
Si,a93,7I9 81; hank dividends $4,000;
miscellaneous, 84.l76 70; estimated receipts
for the 9Th quarter, from all sources, $685.
600: making, altogether, "a. 161 ,O18 70 cents.
IF the estimated receipts Of the 4th quarter
Of the present year be correct, there will be a
deficiency in the revenue Of 1880, compared
W it'll that Of 829, of 666, sos SO.
The expenditures of 1899, amounted to 95,-
O44,s58 40. The expenditures ofblhe three
FIRST quarters Of 1880, amount to 2O,78O,986
"a !; the estimated expenditures for the fourth
quarter Of 1880, amount to 4,316,O04 SO; ma
king the whole expenditures Of 1880. 25,O96.-
BAL 30. The expenditures for 1880 are.
therefore, 47,416 So more than those for 1899.
The amount of public debt paid in 500. was
II, 38S, 867 70; the amount paid, and to be
paid, in 1880, is II 1854 $50 O9.
The total amount Of the public debt on the
FIRST Of January. 1880, was 48,565,4O6 SO ;
consisting of Az, $50 II Of per cent. stocks
l2,792,O 900 90 Of per cent. stock, including
the 100000 held by Government in the
stock of the Bank of the u. States; 1894
O64 II of4 1-2 per cent. stocks; 1895, 249 As
of per cent. stocks; the balance consists OF
upwards Of $4,000 of small items.
The total amount of public debt on the LIST
ofJan. 1881, will be SO, 1873, 191 SO.
The whole remaining amount of this debt is
redeemable. nearly one half at the pleasure Of
the Government, and the balance at different
periods down to Jan. l, 1885.
The amount of imports into the U. States
for the year ending Sept. so, 1880, was 3d.
100000, and the amount of exports for the
same period, was 73,300,000. Ofthe exports,
SO, 400, 900 were domestic, and II, 4O0, 900 for
eign. products.
The amount Of duty on imports and ton.
mage, which accrued in the three first quarters
of the year 1880, is estimated at 20,57O,00O F.;
and in the 9Th quarter at $4,000.
The report states that it is estimated that
tho accrung duty on coffee and cocoa, import
ed 10 1880. and remaining in store on the Isl
of January, 1881, will be reduced about $780,
session, reducing the duties on those articles
and that the duties ON coffee, cocoa, salt, and
molasses, accrning in 1881. and payable with
in that year, will, upon q like consumption tG
that Of 1899, be further diminished by those
acts about 100000. The repeal of the dutie
on tonnage, which will take effect on the frs
Of April next, win further reduce the revenue
of the next year about $4,000. The subse
quent reduction of the duties on tea, coffee, ant
salt, on Jan. the LIST, 1889, will probably lesser
the usual Importation of those articles for thu
demnnd of 1881. But the Influence of thes
circumstances upon the revenue will be in SOM
degree cnnnteracted by the increasing capaci
" Of the country for consumption, as evincet
by the enlarged amount Of domestic exports
the general prosperity Of mercantile business
and the favorable state Of exchange with for
eign cOuntries-tO which may be added thu
opening of the trade with the British Colo
MES, in the West Indies, and on the Nortl
American continent.
1.-THE revenue arising from the sales o
public lands will be improved by the same
general causes, which tend to improve that
from the customs"
From view Of all these facts and circum-
stances, the Secretary estimates the receipts
for the year 1881, at 2S,S40, 900, viz: from
customs 81 ZOO, 900: lands, 100000; bank
dividends, 100000; miscellaneous, 10000.
The estimated expenditures for 1891, are 49,.
$3.50 SO, including 100000 Of the public
debt.
The balance in the Treasury on the 1st oil
January, 1899, was 5,972,4S5 81; on the Isl
of Jan. 1880, it was 5,755,7O4 70; the estima-
ted balance, Jan. I, 1881, win be 4,819,78l 70.
The Secretary states that "the navigating
interest employed in foreign commerce, and
particularly in the carrying trade" has suffer
ed material depression; and he adds that
!" that portion of the carrying trade which is
sheltered by navigation laws, will necessari-
~ fall into the hands ofthose who can navigate
the cheapest: and this falling off gives reason
to apprehend, that the superiority heretofo
claimed for American skill and economy, in
this pursuit, is yielding to more fortunate rival
ry, and suggests the expediency Of consider
ing how far that interest may, without injury
to others, be relieved from it's Depression
He recommends number of important
notifications in the impost system, in cnntem.
plation OF "the approaching crisis in the fiscal
policy ofthe u. States"
With regard to the tariff, the most material
allusi0n to It in the report is the remark made
BY the Secretary, that should it be con-
templated by Congress to make any further re-
duction Of the revenues, preparatory to the
period ofthe final extinguishment ofthe public
debt, It Is respectfully suggested, that in order
10 avoid impairing the necessary means for
the ordinary expenditures the Government,
or encroaching upon the sinking fund, it will
be proper that such reduction should take ef-
feet at period sufficiently remote for the pay
ment of the entire debt, as the reduction made
az the last session will barely leave sufficient
revenue for those objects during the ensuing 4
years. National Inteliigencer.
The POST Master Gsner0rs Report may be
summed up (says the ". Y. American) by
m cling. that tina raeeinfa nf the nsna ~, AZ,