Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1835-02-23
VOL. XIlI..-NO. 50.

from long periods, by which only The tsmpors
e changes aud fluctuations Of commerce car be III
'oe e', ana 'fs habhual current ascrvtaIned. sns
..el etea &c calculation. The act Of the ~ a
: March 1883, which mad. tho last change, end on
the provisions Of which, The estimates, of the in
come from the customs for the period in question
mus o' based, commenced it, operation on the 6rst
Vi January, 1881. and we, Of course. have the re-
SUI OF bn, angle year. From statement Eur
n'shed by the Treasury Department, it seems,h,
The domestic exports of that year amounted in
round numbers to $4,000, CO., and the imports,
given in round numbers, Gas all the subse quen,
statements arc,) to 1926, 500 900; Of which 500.
ooo,oo0 were re-shipped. leaving $1O2 500 900 for
tho consumption and use Of the country, of which
nooooo,o 600 were Of articles free Of duty and
S'ho0OoOO Of those liable TO duties that the Sro.s
| esamaieu receipts amounted 10 3I557li46 and
the neil to IL 222 ifS leaving = $50 600 90 the
expense OF collection that the reduction Of one
tenth OF the duties above 30 per cent. I'D valorcm,
every two years according to the provisions Of tho
ae' OF III OF March, 1883, amounted to $3.50 600
AS senn,y us arc these data, is believed that IL
may be safely anticipated trt the average annual
estimated income from the customs for the period
III question will be equal at least 10 the income of
the laot ycar Instead Of entering into oil the de-
'a'ls through winch your committee have come TO-
'his conclusion, which would swell this report 20
an uhw,eldy size, they will content themselves
win simply eislng the results Of tho causes which,
as can es iofeseen, may either increase diminish
mo receipts Of the customs foe tho next seven
yenrs Us compared with tho past year, accompu-
med hy statement of their probable Effects in tho
aggregate
II will, however, be previously necessary 10 in
qu're whether the estimated receipts from the i'm
Por's during the last year in fact cquellcd tho
amount which thu commercial transactions Of tho
year. under Ordinary circumstances ought TO have
produced II is not possible, in such on inquiry to
overl"ok the very unusual importation Of the pre-
e'ous melns during tho year, which, according to
the Statement, from, tho Treasury Department n.
mounted 10 sic, 512, 5S2 constituting TO the, amount
port oil the Articles imported in Me year fos
OF duty. The resh'fmeni for the same period
amounted TO l,676.209 dollars leaving in the coun.
Try. OF Tho amount imported IA ,606 374 dollars, a
sum greatly exceeding our annual eonsump ioa,
which, III addition TO the supplios of our own
mines probably falls short Of two millions Of dol
lars. The cxccss was doubtless caused by tho Pc
eulinr condition Of the country, in reference 10 ns
currency, during tho year; and would, under ordf.
nory circumstances hive been imported in goods Of
various descriptions, for the usual supply " tho
country. inscsd Of gold and silver. Subslfactng.
then, the two millions from this sum, and the ha--
lance from the amount Of The articles free Of duty,
which, MS stated, IL 1865, 600 900, IL would reduce
Inc annual consumption Of goods FREQ Of duty, IN,
GLIDING The precious metals, TO &i2. 1903 GIG and
assuming the proportion between goods FREQ OF d.
ties and those liable TO duties to DO ~ that sum 10
TO 9l7,0oo.0OO; and also. thu, the execss ql tho
wear would, under ordinary circumstances, have
,e,urned in tho, proportion between the du''ed md
free a,,,clos II would add TO the former 81 3I3,
and of course increase tho receipts from tho Gus
toms in the same proportion; that 10. II would
Va. ,,tia th.s, nC usIs ~n,,iA
have raised the receipts from Customs, during tho
year. from I'll, go 900 TO BIG 900; which last,
il IS believed mny DO assured, at tho present rata
OF The dntics, The probable scccp,s. vnder ord'
nary circumstances, of an export and impor, trade,
equnl 10 TIM, OF tho last year.
Let US now inquire iEto the causes which mny
tend to diminish increase this estimated receipt,
during the nont seven years, and their probable ef
fccls in The aggregate On tho ncomc from the Gus
toms.
The only cause it il believed, that will tend 10
diminish The amount, far can now be fore
aeon, IL the gradual reduction Of one-tenth every
TWO years, under tho nc, Of tho ~ Nj ueb, 1892 I'll
tho year 1871, has been slated. II will be seen,
by reference TO The statement from tho Treasury Il"
ready given TINT this reduction last year ON an i'm
portatlon Of S47 DOC, 900 OF du,iable articles, n
mounted TO ss5OOoo. IT, however, instead Of thai,
amount, the importation OF such articles had been
~ u
been lsd hot the arrangement Of tho currency pro-
vented, the reduction on account OF tho one-ienIh
would have increased in the Same proportion, and
would have, of course, amounted TO &375,WU.
Aeains, this increased reduction, there must be
sc, of probable gradual increase Of tho domestic
exports OF the country and with them, as nc-'
cessary consequences, q corresponding increase OF
the impors, and with thom the receipts from the
Customs. II we tuko tho last SIX years, from rs
TO "a, tho last included, the average annual IN
crease of domestic exports IN the period ~ nearly
IS 600 900 of which tho increase in 1888 wos
81, 300 600 and in 1884 S9GO0.O Oo, making in the
las, two years an average increase Of 50 800 900;
thus showing much more rapid increase at the
end, than ut tho beginning OF the series. II 10 this
fact we add the effect which the decrease Of duties
under the ACT Of the I'd March. 1883, must have on
the exports, tho growing demand fos the srca. sta
pies of tho country, and the vast amount Of fertile
and fresh lands brought into market, within tho
five years, in the region most eongenial to the
growth Of cotton, i, is believed thu, it may be SAFE
! " assumed, that the average annual incressc Ut
our domestic exports for the next seven years WI"
a, lcas, equal SG, 600, 600 This increase must bs
followed by corresponding increase o. 'mpors, anu
with them. as a,ed, OF the receipts from the Gus
toms. Assuming tina. tho ProPorto" between the
fee and dutcd articles in consequence Of this in.
cro..e of imports, will be os has bceA estimated, il
will add to the receipts from tho customs an annual
increase of 81. 900, 0OO---f,om which, however,
must be deducted $50 OUO on account Of the bcn-
n,al reduction Of ons.tenth, which would reduce
tho increase to S94l 600 II this be deducted from
the average reduction OF onetsnth, - above ascer-
tanned we shall have, taking the two cnuses ,oge-
| 81 a. rng