Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-12-29
ls,572,440 10
32,79l,OlO 7s

Leaving to be provided for this amount l4,2lS,o70 Us
The receipts from the customs for the year 1872, de-
pending for their amount upon the ncton oil Congress-
at its present session, the nstment OF the tariff u
is not practicable to form estimates OF the revenue winch
ma be derived from that with much precision
Those now submitted have in view the present rates OF
DUTY and their final reduction to ~ per cent nd vao-
rem after the Both Of June next. The scale OF duties
thus established has been necessarily assumed as the
basis Of calculation for the remainder OF the year lS4
estimated with reference to the anticipated mportatons
OF that year. compared with the average importatons Of
former years " -
In the estimated receipts, the amount which will
come into the Treasury from the sales OF the public
lands in lS42 has been excluded the act OF Congress
of the 4th of September last directs its distribution
among the several States and Territories.
With regard to the receipts from the loan already
horzed by law il is to be remarked that owing to the
short period which is to elapse before it becomes re
deemable together with the unsettled state oil the mo-
nev market would not be safe to expect that any
considerable portion will be obtained for the service
the year 1912 before the expiration OF the time limited
for effecting it.
The law authorizing the issue of Treasury notes aso
expiring early in 1912, not more than $4,000, it i;
supposed can be made available from that source.
In estimating the expenditures OF the year lS42, il
is assumed that no other appropriations will be made
than those submitted in the estimates from the
yeral Departments and that the balance of those ap
preparations unexpended at the end of the year 1912
will be equal TO that at the close OF the present year
II is proper further 10 remark that estimates OF ex-
pendtures can only be made for such may be re.
ouired under existing laws, and arise in the ordinary
operations of the Government. The power of appro-
pration as well as the power OF raising revenue, be-
ing at all times in the hands of Congress, this Depart
ment cannot found estimates upon its own sense OF
what the public interest may be thought to require,
pecally at time when the condition Of the country
may be supposed TO call for than ordinary
OF defence and security.
The amount required for surveys OF the public lands,
and the compensation of the officers employed in that
branch of the public service, being payable out of the
proceeds Of the sales Of those ands not included in
this estimate of expenditure.
To meet the deficiency in the year 1912, amounting
to S14 $40 g., it is respectfully recommended to
Congress TO authorize:
l. An extension of the term within which the residue
not vet TAKEN Of the loan already Authorized shall be
redeemable, amounting to say $6,5oo4O0.
9 The reissue of the Treasury notes heretofore au-
thorized by law, amounting to $4,000, O00
g. The balance still required of S2,7le,570 Go, to-
geher with an additional sum of 80 900 0O0 "a surplus
deemed necessary in the Treasury to meet emergencies
of the public service to be supplied from mpOsts upon
such foreign articles may be selected, with due re-
gard 10 rigid restriction, amount, TO the actual wants
of the Government, and proper economy IN It's ad-
ministration.
I'LL. Re-adjustment Of the Tariff
The last reduction of duties on imports provided tor
Oy TIE act VI Lie 81 i'itioHs iSo, wa -.
me diately after the goth of June next From that day
no duty will exist any imported article exceeding
twenty per cent. ad valorea; and certain other legal
provisions of the same act of great Importance to
come into operation at the same time.
One of them is the enactment which, after that Pc
rod requires all duties 10 be paid in ready money! thus
putting an end TO system of credits which has pre-
vailed from the frat establishment of this Government
a system which, however necessary convenient in
the infancy of commerce, when the mercantile ca
pital of the country was uncomfortable, and strong
desire was felt TO foster and encourage foreign trade by
all practicable means, may at the present day vel
yield TO the important objects 10 be secured by casi
payments.
Another, deemed at the same time an essential pro
vision the act that which declares that after June
1912, all duties on imported articles shall be assessed
upon the value of such articles at the port where tn.
be prescribed by law. Hitherto, throughout The who'll