Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1833-06-07

of the income over the expenditure below this only
calculated the at esO0 ,0OO but am happy TO
say that by the reduction Of expenditure, the of
income over expenditures Gi 4S7 0O0 will than
Bile MS 10 cover the deficiencies OF The preceding year
(Chcers) That deficiency the committee will recoilect
was fl ,20O04l Taking the two together the commit
tee will see that the improvement the OF tho
present year is not less than E2, TBS, 600 (Cheers)
VIII now state what the income OF the country for
the two years. For 1892 Gig 6iS 900; for 1883
was ti0 so3ooo Shelving an excess in the latter year
OF only S235OOO and proving that the surplus the
year arose from the expenditure being considerably
duccd.
The expenditure for the year ending April 1892 was
Gi7s59,OO0 for 1893, ci5366, OO0 the dininuiion be-
ing e. 1873 900 for the last year. 1t will from this
that the improvement which has taken place
be expected TO be greater i'm the following year.
cause it does not depend any accidental increase
venue, but on the economical management OF the public
funds, and OF the saving thereby effected. 1 will now
state in detail the income and expenditure OF the
year The income last year Irem the Customs was
ZIG 769 G2I from Excise Gig 500 1916 the Stamps,
go, s575lO; from Taxes f5 zoos 937 from Post Office
81 1853 600 from miscellaneous sources 23S $780, maxi
ing total of Ei6,s5S $50. L will now the expend
ture The sum charged for the debt, including interest on
exchequer bilsthe hole charged to the CONSOLIDATE
ed fund for the debt f2s 225 SOL The other charges
this fund 81 $50 24S; making the whole charges
on the consolidated fund G30,0Si, 239 The expenditure
OF supplies wasfor the army 81 COG i96; for the navy
sos 900; Tor the ordnance eI 634sl7; for the mis-.
ceaneous SERVICE CO 3S 953; making total ELS $685.
5o7.
The expenditure for the preceding year wos-ior the
army E7,o5l ,OO0 which last year reduced TO En-
OO6,i9S the expenditure for the Navy in the preceding
year was GoSl2S35 and in the last year CT sos 600;
preceding A 4.
and for last year 1854 Sl2 being Increase of I55 S7S
tho miscellaneous $4,000 i3O in the preceding year.
and in the last year it 81 1873 953, showing dimn-
hono about SOOOOO have already stated the balance
OF the revenue the expenditure for the last year.
El4S7,OO0 and will now calculate what is likely DO
the estimated balance of the ensuing year surprising o
alteration in the duties, and that the Should re-
main as at present The whole amount of the revenue
for the year will be fi6,49i,l2S and do take it at
SO large sum as last year look for reduction in ex-
cise because the of the malt duties which
due at the close Of last year, much greater than
were due at the close OF the present year The charges
on the consolidated fund for the present year will
the as for the last yeS have obtained an estimate
OF the Increased charge, and te expenditure charged
the consolidated fund for the year will be than
ESQ, 800 600.
The supplies, the estimates of which have been laid on
the table, though they have not vet been ali voted are
for the army E6673,25l; for the navy, e4 $685. for
the ordnance 81 ass, 223 the ceaneous services
81 s35llO Including the additional charge on the con-
soidaed fund.- the whole expenditure will be 44 1922 2I9
II this is deducted from the estimated income Tor the wear
will leave calculated surplus of 57 909
The committee is aware OF the views which entertain
oil surplus revenue. There are, know, great differ
ences OF opinion on this point; but hope that gentlemen
speaking generally OF my opinion, that it is better il
we nave any surplus, rather TO diminish taxes, than
employ il TO pay Oft the debt. (Chcers -Hithero be-
ieve that have reduced the surplus lower than ought
TO nave been more so, am afraid, than appears usable
in the eyes OF Observation-Disclosures, taking the situation
OF the country into consideration, it is i'll my opinion de-
sirable that reduction of should be made TO the ex
tent of the surplus. have stated the probable surplus of
the income 81 ,57l 800. With respect 10 these leducons
the principle on which have always acted make
The reductions as much as possible those ch
! fall on industry.
am not prepared to reduce the taxes HsooOO, 900 nor
t2OOOO,OOO statements have been made out of doors
because it would be impossible reduce taxes TO that
amount, as the committee be well aware without
destroying public credit. However, think the reduction
oil taxes which shull propose will be such will give
consde relief Before going any further think il
necessary to apply myself those which been
proposed TO be reduced and which has stated press
very much on the industry OF the country, and to which,
nevertheless, do not mean 10 apply myself The first
tax the kind the tax on malt The dutv ON malt last
sand bp tot.l rod IF
malt duties at present quite inconsistent with state of
the revenue In 1880 the malt duties GS 3d.
600; III 1881 they amouatcd to 3 1856 27l 1882
aver he uies on peer were taken OIL they amounted to
II 1882; while in 1885, they amounted to 81 1926 1875
II the welfare of the producer concerned might be
disposed TO reduce this Guy but looking the price
barley feel assured that gentleman Will contend that
tho price OF barley does not bear proper proportion TO
the price OF the other grain (Cheers) say them look
ing at tho question both financial question on the
amount OF tho tax and the interests Of the consumers
and producers concerned and seeing that there is no
unfair depreciation OF the price OF this species grain
cannot consent to the reduction of the duty.
The next IaX-on which own feel great doubts to
Tie decision TO which have come--ison which of
the Hon Gentlemen opposite very eager get
moved the tax mean the stamp duties OH ne
with respect to the stamp duties newspapers, have
already frequently stated my opuIou-l think IL bad tax
Clear, hear) think il productive of many evils
because the effect Of it undoubtedly is give q mono
poly to persons who are bold enough 10 eva,e tho law
ana thus gives monopoly OF cheap publications
tho hands OF disrcputable persons. (tear, hear) On
this ground most certainly desire 10 the tax re-
reduced, could not stop ill repealed the whole
The question then which have 90 ,oder is whether
in the present state OF the counry-and that situation
admit one 10 which there is great dsressthe question
have to consider is whether the taking of this tax which
amounts 10 Gll0,000, is measure which will give relief
10 any considerable class of Me comniInitv see nv
Hon Friend (Nr BUlwe) is taking notes; and admit that
The tax being removed would give relief certain extent:
but The tax on newspapers not which presses the
industrious classes. Some gentlemen have proposed hata
postage should be levied newspapers that The
nue. obtained rem that would more than counter
balance the loss by reducing the stamp duties; but am
satisfied that this Is alacious expectation The conse-
quence believe would be, that no ne wspaper would be
carried 10y tie mail coaches, that least dimnu-
on would take place in the number carried by them
The question: then, which ] have to decide u.s. whether
shall take of the tax upon newspapers upon specua-
i've grounds, believing, do, that those who recon-
mend that willno find their ground correct and sacrifice
revenue OF ElfO,O o. or shall apply that G44OO00
reduce taxes which press Immediately on the indus
Try OF the country admit that on former occasion
did bold out an eXpectaiion-1 cannot say I pledged
Inyselt-but did hold out expectation | implied
dni such was then my intention-that would reduce
this tax. (Iear) After much considerations however
have altered my opinion, and have frankly stated 10
the House my for the alteration (Hcar0 I do
not think II necessary for to apply myself TO other
taxes, which gentlemen have proposed to repeal, but
VIII proceed 10 my plans. The first tax to which
propose 10 call the attention of the committee is of ADg
+, nature. aude to the tax on tiles, which amounts 10
ESlOOO When took of the duty from states ray atteD-
ton was called TO the pressure of the duties on files
et at The tine, That the tile manufacturers were exposed
70 great arships; but could then take off more taxes
believe that the tax tiles originally imposed only