The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1841-06-24

TO reduce the expenditures within the limits
cf street economy.
But as 1t may not comport with the views
OF Congress 10 60 into a reyisloo and adjust.
meni Of the customs SO long before the act
OF March ., 1888. comes to have lis final
and permanent operation, The undersigned
would respectfully recommend, as tempo
rary measure, tie levy Of duty OF 20 per
cent. ad valorem on all ARTICLES which are
now free Of duty, or which pay less duty
than 20 per cent. except gold aud silver,
aud the articles specifically enumerated IN
the 9th section Of the tot March u, 1888.
If this measure be adopted, II Is esilma.
ted that there viii be received INTO the
Treasury from customs, N The last quarter
Of the present year, about 50 500 600 IN
al. of tue year lsi2 about 81 500 600 !;
andin the year 49, after The final reduction
under the acl OF March ., lS23, about
SO, 500, 600. The details OF this estimate
Will be found in the accompanying paper,
marked Z, and enclosures.
pendnures required for the public service
10 the present year shall have been provided
for, the revenues which will accrue from
that, or nearly proVimate rate OF duty,
wall be sufficient 10 dciray The expenses 0!
Government, aud leave a surplus 10 be an.
nually applied to the gradual payment Of the
national debt, leaving the proceeds Of the
pRblic lands to be disposed .! as Congress
shall think tit.
The general principles on which the
fiaal revision Of the tariff is to rest are per.
hap. simple and easy 10 BE- spprehended,
but the work Of revision itself, n ITS adap.
tailon and detail, must be q work OF time.
Ii shclld be done on calm reflection and
careful delbera,lon, With a view to recon.
Gle, as far as possible the conflicting opIn.
ions, and TO promote a.! the various inter,
esss Of The whole People OF these toted
States. And it may lie important, IN thai
adjustment, net oaly TO reciprocaie on fair
and equal principles and IN liberal spirit,
the concessions shich may he accorded 10
our commerce by foreign nations, but also
10 do justice 10 our osn cu.z Is by meeting
40 hke equal sg.gtt ea3y heavy eNacHons
os pr0hibi,Ions wbicA fore N nations may
think 81 10 impose upon h. Importation Of
our staple pfoducusas.
Some legal prosis nns are also required
20 correct lneqJsItes between the duties
upon sugar and molasses, and the draw.
backs upon tie reRaed sugar aa1 run, man.
ufsc,srsd or distilled from foreign materials.
Tbe relalioa between the div and tie
drawback vas adjusted Us Ae acts o.. Jan
uAry 2!st, 1929, and May -Jh, 1850,
s.aee wLich line tue duties have been ii
rinlsaed, While lie era E5acas remain the
sane. And q provision ol ias declaring
tat al noa sa1l1eFa3ei ar,.cles which bear
q siEaih.gae 10 aay suJnerated article
cAargeab.e u1h 6g;y shall pay lae same
rate e duty wlll ias article V 4.cb L most
resembles, scgH sGse large sum annually
10 tie seTeu1s, ag1 prevent much annoy
ance aud hi Eailou between the importer
sud the officers charged With tie collection
q .5s customs.
OrAe PubEc BrIt.
b. Il IS MT expected that aay mod.dca.
tea o. tie revea9s laas sI.l Be operative
10 supply lhe immediate saais Of The Treas
ury, and TO pay tie deJ.s which fall due IN
lie present and III tie ensuing year. A
further lean IS Necessary to eai.et these OBJ.
secis. and Tie ONLY questions that can arse
are IS to tie node Of pro-urIsg the loan,
the character CT he securities, a4d the as.
ElEec d1ratioa q 4a 1u-I.
l. scsj, 10 lie o. mon 81 ltr g16eTslgn
&c, BE unalss . C-..Es 1poa me commerce
CT tie resources c. the country, 10 any
E5ru, the burden d sayr= a. once, or al
al hastily, tie a-..oa4! 4e1;. Before that
IS dooe, msasg-es Il restoration and relief
are required. TIE c4rrcucy q lie couu.
try saog.d oc restored. lu1 commerce and
llls.sfy rs4sse4 .raa iaelf presen: state Of
er4b1frasneui aud depression and a benign
ard h5sra. Policy o. tue part Of the Gea.
cf-! Ggyefaneal should cs# forth once
more tie hardy industry AM active enter.
Prise q or people aaj The vast resources
of our cc3llrr.
il se ass1me tie peric5 oT from fye TO
git yos's as Tia: 10 winch fa4s Debt can
" p-i4 Sil.9.a Inconvenience aaI emJar.
Tlsalssl--aod he t.ac appears to be short
eD0ygk-ve have ooe Of TIE most essential
elements 90 Sbsca 70 form our judgment as
10 The bes. aud nsss convenient mode ID
which tho loan Can be kept up. and the
credit d the Government sustained.
Ii The inception aid .anns tie progress.
stys increase 81 a rational deU,, the issues
4 Treasury notes. though dangsfpls aud
ae.assye, have set their assaHlages.-
They need not be issued faster than the &C
nlal &auis Of the Treasury require and the
ower 70 $500 any gwen sum IS, for all ef
igcliTe purposes Of immediate expenditure,
tuad 10 The Treasury available 70 the
rs maximam ( sss3 eastss Us 81 4, +y,i ~
when i becomes larger than the amount
ascessary 70 be kept On hand to meet the
current wants Of TIE Treasury. these ad.
yaniages disappear IH,s mode o. iaaa
iDeo becomes to The Goyerumeai what the
ll e % market Of new pronIgsayY notes. for