Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-12-28

nted meeting on the subject ola re-appor,iopm,,,
and adopted appropriate resolutions. The word is
onward.
EEPoRT or THE SECRETARY OF THE
TREASURY.
The Report. embracing three separate heads.
con.iders-
The rublic reeenae and Expenditures. which
afe presented in clear and distinct manner. by
~h'co. ~ ence. we learn tho present Sne rruspee-.
an con1.fion of The Treasury.
The balnnee in tho Treasury on January /. Is4I.
~sz 1857 345
T'e reeeipss for the frs, quarters Of
the yenr s23A67 O72
E.'imsisa per fourth quarter 6943 COS
Makers total for the year of S3l.3975I2
Iae erpendiares for the lhree first
qnarsers Of the year 94734346
k,'sma'es for the 4Ih 729O723
Making 'O'niOf s3ao25.O7O
Leuring sSlofci' Of s27.557
A. Ea'Rated receipts and expenditures Tor $40.
Tbs pan of the account APPEARS 10y no means
Gathering. because !, may ne too true
RseeiPa for 1872. estimated si92OoO0O
aad ssnmaied sspendinrss S2.7sI.CIO
LEAVING deficit to be provided fr
oe SlA2ls5To
such IA the present and prospective condition Of
h'e fressury.
= The pobIic land sales are not Of course include ed
in these csnnaaies
The Secretary con-iders the ways and means 10
meet his anticipated deficit. and recommends thai
Congress authorize
4. The Extension Of the Term Of Inc balance tf
the ionn, s6,5O),OOO
2. Reissue Of Treasury notes 100000.
3. The balance required. of S2.7I5;S7o, with an
ailiIionai surplus Of So 100000 to be supplied by
imposis upon selected articles Of imports, &c.
RealjaszeHt ef the tariff
The last reduction of duties imports provided
Er BY De act 0f The 81 March. $685. VII take effect
inmedlalely after the 30th OF June cexl. From that
da5 40 duty will exist any imported article ex-
ceejng twenty per cent. al valorem; aud certain
other legal provisions Of the act. Of great i'm
poriance, are 10 come INTO operation at the same
lime
One Of them Is the enactment which, fer that
pefiDd. requires all duties 10 be paid IN ready
neySthus pntng end To a system Of credits which
has F<erailed from the FIRST establishment Of this
SSv4ruuenE system which. however necessary or
emvenisnt IN the infancy OF our commerce. when
tie merfhhfile capital of the Country was ucon,d
erlbles an strong DESIRE fell to foster aad
e-ronrEe foreign trade BY all practicable means.
may a NE present day vel yield to the important
Objects 70 be secured by cash payments.
Anniiier. deemed al the same time an essential
prorhion of the aci. u that which declares that
after June $40, III lilies on i'm ported arcl, hal
be assessed upon The value OF SD articles at the
poH where the same shall be entered, under snch
Regulations shall be prescribed by law. Hitherto.
tbrOusiDui the whole history Of the Government. tie
cos o. value in the foreign market has been
ed as ne basis for the calculation of I'D valorem
duties. and q hrs cost or value certain additions
have been made. supposed 10 DO equivalent 10 the
charafs 81 importation. But underyaiuaons abroad.
fraueffth OF supposed in invoices. and the nnJus
advaEaEcs which were believed 10 exist in the
hands offareiga manufacturers. who Ind become. ~
fact themselves the importers into the country Of
flsrro proportion ofIhs manufactured goods from
niif1pe. led Congress 10 look 10 q hume valuation
~ sttafiiy as well TO the American importing
meffAant the revenue. and 10 The producers Of
siusiIar articles in the United States.
The legal effect Of the net 1913 would seem %
be- toalosh the practice. after JUICE 3Oih Of assess
ing duties upon invoices or foreign valuaiiJn: and,
rhere fre If Congress shall al this session pre-
scribe regulations for assessing dates upon yalua
non 10 he made the port % entry, or pass some
law modifying the act of 1913, II may well he ques
tlsned whether any adj valorem duties can bee OIL
lecieJ aftor the 3OIh VI June. Tho language ofiho
h~ seems explici. IL is lint. from and alter The
aay lart aforesaid" Dune s0h. l642)sihe du'ies
tanoired 10 be paid BY law goods wares, and
s.srrbura.so shall be asse ssed upon the value there
81 81 ~ port where The same shall be entered under
..IlI regulations ms shall be prescribed by law
El "a i further declared, that much Of any other
~ aa - Inconsistent with q at act shall be aud |"
sole.
p 80 basis OF the foreign oUsI or value - inroi-
...sst with tho act; and the law authorizing must
&rfore a. Il would seem, be considered as repeal
- act q 1898. as must be obvious 10 OH. con-
..&<ss,@a no othcr than al yalOrem duties after
so, Co although. IN gwen case. spoelhe
~ .,sg s.ot amount 10 20 per cent on the cost Of
.eIrie vet ihat fact cannot be asceriaiicd with
f,f-inr 10 price Or valuc-tEngs constantly
..f|l...-and much uncertainty and perhaps
49,. ,.ouid nriee, as changes in The market
Il 80 ,,ficlca csifhr carry the duty beyond the
toae pef,1I lsought Within % at another
? -.l flsft ean BE- hue room Tor do"h mot u
IA. -oalc,splaiirn of Congress, al the passing
~ Z, 49,, ~ .I,,,r- on Imports should exist in
II .isf snse. 1852, bat ad galorem duhes
a. An. 4hai This was n very important
~ w. US. rssiem III imports iut0 the
~ 49,. ~ heretofore been regard
attl pr0dence end The ieu'hing
- 4 81 Ne prevention Of iluuds
20. fssfnue. duucs ought. ~
~ M % tandc npi al yalOrcm, but
an or pefcmpiofy provisons Of iho
49, which. itis nos 70 bo di.guisofL
and foerarIs each ofher iu Che
tlis Or mpiual consde5auona --
llfi,0 o1aii duties 81 twenty per-
All De ussorsBcuf 81 three duiics