Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-12-21
Explanation 81 N, estimates 81 receipts from Cn,-

In respect 10 the estimated receipts IN the 1fea-
SnrN Tor 1876, so far derived from customs,
they have been computed on an importation oi
foreign merchandise, expected 10 be lear the ay-
eraee al the last three years. but mn,hlcss Than
the importation ot the year ending IN September,
1885.
Under our present system Of revenue, derived IT,
suhlls III the ratio OF Il In o. from customs, the
amount OF imports have II yer, important bearing
on our whole receipts. The amount OF exports is
likewise material, as III some degree influencing
the imports, and IN the I,rcsen, condition OF the
country throwing much light on lis great aerlcntu.
tal prosperity, and furnishing with the others highly
useful indications concerning tho extent and IN
crease OF our foreign commerce.
he imports during the year ending Scplembe,
Snlh, 1873, ale aSeertained and estimated N
$751; .o3o, sos.
They show, compared with the preceding ,ear
an increase al S2i 100 ,o36 These DUNG III.
three past Wears la,e, ON an average, been about
SIPS, 900.
The exports during the past year are ascertain
ed and estimated II, Sllso55 23o ri llte>e
S9S ,55l 900 were in domestic, aud Sc, i2t ,2l6
IN foreign products. Compared with the pre-
cedtnp sear they exhibited an increase OF II ,6lS,-
266.
As some evidence that our estimates OF the
on eorree data, II appears from document an.
neSrd Il giving thclr amount from 100, that
they have constantly and sometime. lalp.l, lic-
toated bel"eenpdtic0lary years, thoneh cempal-
nv most torms III Il few consecutive Years with
1efmef ONES, they have generally increased. Thus
the Whole imports DUNG the 1--WE year, priol To
lS'n exceeded those OF any former period OF sim
liar length by nearly fifty millions, excerpt on one
occasion, almost ilnfiN Wears slnee when they Hp-
pre- a,hed near, and another, about twenty years
since, when they exceeded their recent amount :;
IN consequence II the former period OF our cNtla-
ordinary slnfe IN the carrying trade, and At the
hitter one oi the large demands 10 supply the de-
plitallons "meh had been caused by WI, and IL
meet The Increased calls of numerous new com
mereial enterprises, toslered by returning peace
But tn very laet ot our recent imporiations ha-
VIM been 81 lree is ont Of the CAUSES Why a con-
slderale dimlnntien III the Who'll, amount IN 1896
Is anticipated. Some further causes will horcai-
ter be specified, IN conn, Vim with other eon>ilc-
fallanS, which, II Is believed, will tend 10 produce
The same conviction. Wien We Iro.e.d IN oN-
anime the free dulable character, rather tlmn
lie amount oi our imports during only le" seals
past, with a We" 10 estimate mote eflllfallN the
revenue which will probably be received from
Them III lS3b, aud Ia form some general conicc-
turrs upon the subject thcnccorw AID 10 1872 II S
i taet, deserving careful notice, that While l
whole amount oi imports has for some years been
increasing, that portion paving duties has Greatly
diminished; and, II the same time, the portion
exported and entitled 10 drawback, has mol oimin-
lshed in similar raio.
\ statement IS suhloined, which furnishes inpol-
l'nt detail, ON tbs point since the late great Cham
res IN the tariff (B)
The general results from them arc, that while
~ m H., Ill,
1898 about eleven Millions and in 1884 about sc,-
eniecn millions more, and the FREE. rood, increased
III even arecf proportions, the expectation OF dn-
tdblc articles has fallen oil III the spending
years only about six and two millions, leaving the
actual consumption in The United States of such
foreign merchandise Is PAYS duties n iliIc more
lhan onetlird Of our whole imports, aud quite
twenty millions leSs than in 1892 THIS eompn-
taion as 10 the consumption is made IN the
probable hypothesis, that the stock Of such
merchandise ON hand remained about the same
AT the close OF each year, which, though not
correct in some single wears, on account of
wars and various vibrations IN trade, would
IN any series oil lew Years he pear the
truth. The importallobs however III 1885, and
especially in the last quarter, they have hcen
unPreecdenlly large, exceeding, it Is computed, in
that alone, more than 6liy-thrce millions, and
mostly not Vel consumed, may be thought con-
StGte sumo exception 10 the above rule and
hence, coupled with The fact that the returns are
sill incomplete, and depend in part ON estimates,
Their amount and character have not been intro
dnccd MO tins comparison. Bnl thcY are INSERT
81 IN the table, is lar asccrtain H., and II con-
>idered without aes unusual limitations or dcdnc-
lions, would show great 1ucualon in the con-
sumption, beth Of al foreign merchandise ard Of
ihai which Is not free.
Thera'e Of duty has in many articles been so
essentially reduced entirety removed, as 10 les
sen the whole receipts for customs over twenty
four milfon, in tho last Two years. and produce
mos, of the above differences in the character of
our imports With view To enable Congress to
form just estimate oftlc probable receipts from
cnstans tie ensuing year, there should he made 10
any change, accustomed hv the above causes,
such additions and dininurions for the past and
the future roqulrcdhy the difference, uhclr
often happens between The amount ofdutics accr,-
ing aud the amount actually received in amy par
ticnar year.
In some instances this difference happened by
large changes in the amount OF bounlcs paid o.
duties refunded; or as IN s:,3, by the sabsiitI-
ten Of cash dules for credits and b, giving shor
instead OF longer CREDITS, and IN others, hV til,
bonds due alter the commencement of some years
rs III 1881, having been larger IN amount tlan it
1Sj3, some having been ei,rn for duties on certain
articles, which afterwards hecam. free and Others
having been given for moro duties ON the same kline
and amount Of articles before the biennial rcduc
lion took effect, than they were subject to after
wards. Without new LEGISLATION, however, nunt
ofthoSc circumstances, except the last one can OPP
crate much hereafter I'LL 1872 and the cilcct o.