Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-12-21

mated at $2,9Sl, 796 OB
The value OF the exports the year ending on the Both
Of September last estimated at 800 6h3403 Of which
030, Of domes c and 2O 1873 Of foreign
articles, showing an increase in The Oh domestic
produce Of 81 $50 the exports Of the cha
rscter for the year ending 3pth September, 1882 and
dimnu,on in foreign articles Of $4.os00. The value
OF the imports Tor the ening 30ih OF September last
IL estimated at 900, being greater by the of
g. 1000, than the imports Tor the year ending Both
september, 1882 OF the impors for the year ending
Both September lar Is estimated that OOO were
in articles free from day.
will be seen. from the foregoing .aemen, Of the re-
cepts the present year, they very much tho
amount at which they estimated in the last annual
report
The excess has been derived, chic. fly from customs,
which are estimated TO produce than $2S 900 900.
The large receipts OF this year, have been principally
oecaoned by Tho act Of July IL, 1882 which abolished
the duties woolen goods paid in cash. and on other
articles, in three aud six months The regulation took
effect the 4,h March last, and the cash duties and
shortened credits have brought into the Treasury during
the present year, large Of revenue which, un
der the Iom,r system Of credits would have been
payable, until 1884, and would have formed part of
receipts OF that year. The income Of 1885, has therefore
had the advantage Of the new system, well OF the
former one; and the receipts much greater than they
would have been, under either oil them, according TO the
established rate Of duties.
The expenditures for the presen, year have also been
unusually LARGE aud estimated at S22 OS6 O63 81,
exclusive OF the expenditure account Of the public
debt
The appropriations for the year were heavy and ex.
ceeded by three millions the appropriations for 1882 and
the balances of unexPended appropriations the close of
that year have been for the part applied during the
present TO the various objects authorized by law and
therefore enter into the its expenditures Sc.
vera items 81 appropriation, however, for the present
year cannot De eo%, , as forming part Of the ord
rating all objects Of this description may sufficient to
mention some, which have contributed materially to en-
nance the amount actually expended. The duties re-
funded at the Treasury under the of the session.
and the awards under the convention with Denmark, are
included in this account and the occaoned
the Indian expressions 1882 have been for the most
part, paid In this These three items
ly two millions OF dollars. But when this deduct
ed from the who annual expenditure, shows that
than twenty millions Of dollars have been expended dur
ing The present year, Tor the various other objects auho
rzed by law exclusive the amount set apart for the re-
endorsement OF the liz per stock. The pensions
Tor he granted under the Of 1875 and 1882 the
officers and soldiers ofthe Revolution, have increased
sideraby the annual expenditure More than four mil
lions OF dollars have been already paid that account
during the present year. There no item in the
list OF appropriations which citizens generally more
cheeriuy contribute pay, than one last mentioned:
but in the order OF nature be annually
and IN the estimates OF the coming those payable
der The act oil June, 1882, down millions
OF dollars. The different above mentioned. there
fore, show six millions of dollars paid purposes which
cannot be considered entering the ordinary and re-
guar expenses OF the Gov and form no rule nv
which its future annual expenditure ought to be esti-
mated.
OF the present year large portion OF the rceips from
customs, as alrt sdy stated has been derived from the i'm
system OF Credits only email part OF the duties sccrune
IN this year, will 70 into the receps OF the nex And
he ohbi'heu rate oil du'es, which takes effect the
LIST oil January next. of the productive art-
cles, and the entire exemption Of Others will contribute
sui more to reduce the recep OF the coming Year. as
compared with the present.
In estimating the receipts from customs FIR Tho war
1884 at fifteen millions Of dollars have assumed that the
Imports oil that year will nearly equal o. 1892 This
estimate higher than the average OF the last five
years; oui Is believed TO be safe For, although
the mportaons OF each OF the last years. were un
suaiy large yet the imports Of the present have gone
still higher. And the general OF our commerce. and
the situation OF the country justify the belief that there
Will be no serious dimnuioD in the coming year. The
condition Of the mercantile classes does moi Indicate anv
excess oil importation Indeed, the short credits aud cash
dulles viii be found to contribute greatly prevent over
faung I'D mat respect. Moreover, many articles, COM
mon use, are admitted free duty This will produce
an increased ability in the community TO buy those which
pay duty aud consequently greater consumption There
appears, therefore, 10 be any
rous d'nnuon IN the InPoratoDs OF 1884, aud Il i'll be
sale TO estimate its receipts by the standard above mem
toned Yet any material excess be, oud tina, estimate
lands hardly TALL short OF the sum- at which has been
stalled, and will perhaps exceed il.
In this view Of the receipts OF 1884. the income OF the
year. WIZ ABOUT equal the estimated expenditure And
with the aid Of the balance in the Treasury on the first
OF January next, IL will be sufficient ali the wants of
the government. including the necessary to pay
OIL the residue OF the national debt IL must however be
observed that IN addition to the appropriations now asked
for there will be an uDexpenjed balance former sppo
Pr.tons, amounting TO the sum Of s., 90 2S7 g. which
will probably be required in the course of te ens,,n
year. Tor the objects Tor which IL has been
And II the entire amount Of spprops tops propo.ed in the
estimates Tor 1884, also 10 be teauired within th.
year. me,e would not be money enough in the Treasury
10 ,hee hen alter satisfying the bsauces above stated
ana paying on The public Debt But the experience Of
former years shows that portion OF the appropriations
may always be expected 10 remain al the end
uhe year. And the average Of these Une pended ba.
ishees Tor The last four years 900 In es.
umahg The balance n the Treasury, the close OF 1894
nave therefore assumed that portion OF the estimates of
expenditures herewith submitted, will he used dur.
ing the year; and that balances OF equal
the amount at The close OF the presen year. will IN like
manner remain IN the Treasury at the end of the wear
1884, and 20 into the expenses Of the succeeding wear
And Is not necessary 10 raise money tor the public use
sooner than Il will probably be needed
But the balance stated at the end of 1884 he con-
sdered as clear surplus IL will still he chargeabo
WIN ne amount OF appropriations estimated to remain
expended al that time.
From THIS State OF the finances and OF the proposed an
preparations, II u evident that reduction Of the revene
cannon at this time be made, without injury 10 the public
service Under the OF the last session the NJ
1885 will be less than those OF 1884, ss further rsduc
ton in the rate Of duties will take effect on The La NJ
January, 1885. And II the appropriations souId be kent
up, TO the amount authorized for the present wear The
charge upon the Treasury in 1885 would be more han II
couId probably meet But the debt will then have been
entirely paid, and guarded rule of appropriation Ia Al
once commenced, there will be no difficulty In bringing
vice. ' ~
" the revenue not 10 be reduced more than the ex
isnng Jaws provide for, there 10 be no sufficient
res'on 20 open th. time the vexed question Of tie ts
hI ne manner in which duties sfe now spportior,ed,
be