Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-04-15

Miscellaneous, ls52a3 1862 - a,19l
Bank debts l%T,tsb 3.tFloo ISL.
Treasury notes, 3,sJ7 &c S4ia,OOo 7,C1 tE6
Estimates, fourth quater 57ooooo 3s00,ooo o,oiac25
Total reeen,.. sa7so-zg sos ~ 3O,4lulG7
balance IN Treasury, Jan. Q, 2,4Gdy6l 22;6,7i9 $685.
Total means, 5;a.7-slo 2s,a34.5I2 al,3g75Ia
Expenditures. civil. foreign,
naval, military, ami mis- 49, 49,. cc.c.c ,oo,. On
celaneous, @i,"'I, ido 2p,ofo,o'o '>,V~',V'o
Balance. i.sjc98i Iioe5s oa7 $50
This return showed daiicl, Of SG27 ,5o7. The Sc
creary estimated The public revenue for 1912 at SlS,
72 40 after paving the deficit the close Of the year
The expenditures including the redemption ni So
0GG,0G0 o Treasury notes were estimated at :
0iG; leaving deficit Of $is,2ic,370 To meet this
deiciencY the Secretary recommended three projects,
one If WHICH !was 10 extend The tnie OF reueinP'
ton for the balance If the Sl2,GG0,0G0 loan IN order
TO raise n,oney on ressuc S1,GU0Ooo treasury
mates, and 10 raise S5,C00,G00 more by increasing The
duties.
Two of these recommendations have been acted upon,
and the II question is sill 10 be decided lhppeais
then ,ha, the revenue from tie customs in ISL was
S7 $50 geo, including the receipts OF the iour'h guar
ter alter the tariff law "f the Extra Session went INTO
operation The imports giving that amount o. Gus.
tom revenue mach larger Than the general Ecalt,
Of business warranted, and large proportion nave
been unsa'eable and reexported, entitled 10 de-
tenture. The state Of The country is nov such as "a
warran: the belief that tic imports for the year VIII
at its close he found 10 have been very much less
lha:l GnTinr me past year. S'''' "'N'"s
of the duties VIII probably, up to June next, moi
much exceed The per centage of last year The I'M
ports for he year ending September ISL, were about
Sl30o90 GO. Tie duties for the same period were
ii 6i7 So, average on The whole OF IL 70 per
cent The imports Tor the year ending in September,
lSi2 will probably fall short Of sl09 0Goc00 but if we
assume that they will equal thai amount and yield an
average Of IL per cent, there will be 3,ODoouO from
that quarter o., this 81 Gro 900 was estimated to come
in up To The Gr.t of the current year, under the nih'
~ ,nTth 1nu IN
riff 1i,,e wil then be $, Geo, GOO 10 come in up to
October, 1872 and perhaps st,Gt0Gfo in ,h" fourth
quarter, making the ca'ums or The current year SIC,
OJ0 600. E:ouihr lands, uccofd'n {" prcs"a. appear
ance, tc!c Will be- rcceips-trom the banks nothing
of legitimate revenue there is then but ,00o
out %. this is to be paid 81 eco for interest,
above and say per cent for sinking fund.- SOLO GOO
There VIII then remain $500, GEO, of which viii be
paid ~ deprecated Treasury notes, say S7,G00,G00,
whoa the amount that falls due within the year, &C.
ending the Secre;arys report. The receipts at tho
custom house thus far have been altogether in that
dun There viii then remain ;s2,360 $50 of cash To
meet S25 79 900, which is The amount of the esti-
mated expenditures, minus the Treasury notes falling
due Against this is TO be placed tlc last issue OF 50,
COO 600 Of Treasury notes and the loan Of Sl2,.
600 600 which make sl7 o00000 leaving still deficit
Of 50 :3l OGO TO which be added 10 per cent. for
probable loss the loan, being 81 eco, making
81 63l GOO. This sum cannot be raised from in
crease Of the tariff in the present year, and must be
provided for if at all, by further loan. In the
ceedns wear there will be still several millions Of de-
fc)cncy.
In fact il resolves itself into this The current
pcnses Of the Government estimated at $50 10000,
which mug. be added the interest and sinking fund
debit Of at least $40 COO 09n which will be yearly
charge Of near S30Do0G0 making the expend
SIS 900 oo0 and there is Of revenue bu
the The question then IS So ,o0G 900 an
nually be raised from the customs? We think not II te
imports shoad be SOp,oo 600, it wonld require
rage or 30 per cent To produce II, aie which would
become protective and diminish the in The pre-
sent state of the currency. The following ia table Of
The of dutabIe imports and the custom receipts
in the years 1885, lS3S, 1892
m