Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1841-06-19

March, 1871, 572,7lS 4.
And there appears an excess ofex-.z
penditures over the currentrey-
enuc Of So ,3lOOl4 81
Il is proper to remark that the entries On tn,
books of The Register Of the Treasury do not al
ways show the true dates of the receipts and ex
penditures. An item ,lvolved in the above state
ncnt liable d. will to illustrate this fact
The sum Of Soi2,l36 81 was. on The , and 3 l 81
of October, 1910, paid by the Bank Of the United
States its last bond TO William Armstrong
superintendent a, Fort Gibson, by order of the
! Secretary of War. Though this sun was in fac,
received and expended on those davs, it did no,
find is way mo The office of the Register until
the 4ih Of March, 1871, on which lay IL appears
on his books both as receipt and expendi-
ture.
Thus and TO this extent, within the last four
years, were the expenditures pushed beyond the
amount OF tho reYenno asufv H77re re 3tti7 tehh;
ug debts due the United States, that the
Treasury was. on the 4th Of March, 1871, eyhaus-
ted of its and subject to heavy and imme-
date liabilities. Ii was already buriened with
debt incurred 10 time of peace, md withou,
any adequate resources except theautto.ity grant
ed by law to augment that debt.
As We, provision has been made to reduce
this debt or check It's constant anG rapid
crease We fad it, therefore. as far past egis-
ia ,ion nd financial arrangements chaacterize II,
a permanent aud increasing national eb.. The
temporary eypediea's by which II Ia been sus
tanned do at all vary its essential character.
The attention of Congress is respectfully inv-
ted to the necessity OF early and effe;ual meas
ures TO prevent its further augment ton. The
obvious remedy is to Increase The re enue es far
NAV be without unreasonabiy bufenlng COM
nrerce, and to reduce the expenditure within the
limits of atrict economy.
But 1t may not c0mport with te views OF
CONGRESS or
the customs long before the act March, 2
1888, comes to have lis final and pemauent OPP
Grafton, the undersigned would respectfully re-
commend, temporary measure, he levy OF q
duty of2O per cent. advaiurem on all articles
which free of duty, who pay less
duty than 30 per cent. except gold an s!v err, nd
the articles specifically enumerated the 9th
section of the &C; of March ID. 1888.
If this measure be adopted, it is mated that
there VIII be received into the Treasury from
customs, in the last quarter of the resent year.
about S5,30O,O0O in all the wear Isl, about %,
500 900; and III the year 2S43. afr the final
duction under the act of March 2, 1888, about
$40. SOO,O 900. Tie details OF hi, eti.nate will
we found in the accompanying Pa,er, marked +, /
and enclosures.
1t is believed that, after the expenditures re-
qured for the public service in ne present yea
shall have been Provid for, ,herevenues which /
will accrue from that nears proximate rate /
of Government, and leave sur lus to be annual
ly applied TO the gradual paymet of the national
debt. leaving the proceeds Of III, public lands 10
be disposed of as Congress shal.hink fiji.
The general principles witch the final re-
vision of the tariff is to rest, perhaps, simple
and easy to be apprehended, bu The work OF re-
vision itself, in is adaption anddetaii, must be
wcEll of tine 1t should be doe on calm retiec- i
ton and careful deiiberation, With a view to re-
concIle, far possible, the cohciIng opin IONS,
and TO promote all The various interests OF the
whole People of these United Staies.-And II
may be Important. in that adjustment. no, only /
10 reciprocate fair and equal principles, and IN
a liberal spirit, the concessions which NAV be &C
corded TO our commerce by forgn nations, but
also TO do Justice 20 own citzens by meeting
IN like equal spirit any heavy e1actions or pro-
hibitons which foreign nations may think ht TO
impose upon the importation o our staple pro-
duc'ions.
Some lega! provisions ais. required to cor
rect inequalities between the outIes upon sugar
and molases, and the drawback, upon refined su-
gar and rum, manufactured or distilled from for