Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-09-14

The result ofhs whole them according Colonel Dray-
tons statement would be- that the "pubc burdens under
the new Bill had been reduced Sin the aggregate" about
IRE millions of dolars-of which upwards of four mil
hons the unprotected articles, and less than one
million the protected, he value OF each class being
about the same viz S290O00OO in round numbers) so
that from his showing the reduction under the new
blil has been four times great on The unprotected
on the protected articles: According our view of the
subject, however, this estimated reduction OF one million
ON the protected articles, would be absorbed by
the deductions TO be made from the Treasury estimate ION
which Col Draytons calculations are based) for the in
creased dulles iron manufactures cotton bag ging SC
&c. aud for errors which have been committed in that
state mcnt; that the final result will prO5aLlu be an in
crease OF duties the protected articles, dminuon
oil about Tour millions the unprotected articles which
upwards OF three millions will be articles made free
under tile new Bill. Whether, under either OF these
views, the "burdens of the protecting SYSTEM have or
have not been decidedly increased, leave it the
people TO determine.
find that Col Drayton and myself differ as widely as
To the probable future and the SuIpts which
will be left in the Treasury do with respect to the
amount and character of the reductions under the new.
Bill The Treasury estimates founded on the re-
ceps for the fiscal year ending 30t OF Sept 1880 the
year oil the greatest depression under the operation the
Tariff OF 1928, and from which the country began so inn
medaey thereafter that the Calendar year
had been assumed, il would have made difference of
near two millions in the revenue The true question is
what will probably be the amount of revenue collected
under the Bill? Taking the present or the last uear
as The basis of the cacuaton have shewn that the
nett revenue is $50 OOO OOO
From which deducting the proposed reducion 5000 600
And we have as the amount of revenue under
the Bill, 25 600 OOO
From which taking the average expenditures
Tor all objects exclusive OF the public debt 10000 900
And we have surplus of $4,000, 900
To be scrambled for
When Colonel Drayon objects to this estimate il can
only be- on the ground that the receipts the two last
years exceed the general average This admitted But
our revenue has been the for several rears
past and know of no why il should hereafter he
diminished farmer in estimating the future profits of
his farm would hardly discard the consideration OF its i'm
rial pcra
pie and back the everage crops of past wears But
we Will take the basis which Col Drayon is willing to ac
knowledge as the true and how the account will
then stand The average revenue from customs for
the last SIX years is S22,5l6,3l2.
ms the very lowest estimate of the revenue from
uhder the old law, and is subject reduction
IL was fully equal 10 this amount before the
Ae oil 1851 went into operation and has greatly exceed
ed that amount since What will be the reduction under
the new Bill is only estimate believe that il has
been greatly overraed by the Trcasury-But assuming
to be S5lS7 073 (Which, whatever it may have
been estimated, have doubt will be found TO be 0ttte
large enough and taking this from S22 5I63l2 the
very fo'cest estimate Of the present reueue and we
VIII have nett revenue from customs under the new
Dl" 0, . $780, 3i
dend, Sc 81 500 600
Though they amounted last year TO upward,
OF 81 900 0001
And we have nett revenue of 500 500 23l
From which deductng the ordinary expenses
of the Government 10 OOo ooO
And we have a surplus Of S9 500 %
throw entirely out of view the reductions effected I'M
not to be deducted from the estimate of our future receiDfs
unless they have in fact reduced the amount of revenue
MS is so lar from being the case that the revenue has
constantly increased Notwithstanding these reductions
In the science ofpotical economy every reduction does
not necessarily diminish the revenue, know that
the reduction OF 1880 has essened it single cent
hut on the contrary that has been constantly increasing
Col Drayton thinks that the public lands Sc are esti-
mated too high at $3,500,O00 But the lands alone last
yea" exceeded this amount The sales have been con-
santly increasing, and must go increasing 1t is not
IN the nature OF things that this should be Otherwise
he average receipts from these for the last three
years. has exceeded $4,000 900. But whether we take
either oil these sums, that assumed by Col Drayon
HIMSELF viz S2,O0O,000, it will make no material differ
ence, there will still be surplus of seven or eight mil
lions to be scrambled for.
Col Drayton concludes his remarks by saving "tha he
VIII leave 1t to the intelligence and of his fellow
citizens TO determine whether he had udciousy and no.
nesIy discharged the trust which they reposed in
him In reply TO this observation have only to saw that
1t has not been my object to mpcae the conduct of Col
Day on but to vindicate my This controversy has
grown out OF attack made by Col Drayton upon the
ADDRESS OF myself and of my colleagues to the
people OF this State, and made i'm tome of which
must think we had some complain II in nv re-
ply have used the freedom which belonged to the oc
casion wish ii TO he understood that should as soon dis
trust my notUe inpeach those of Col Drayton-
but think have at least shcwn that he has no more
claim TO impunity from errors than his colleagues
ROBERT Y. HAYNE
l,.uln