The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-05-26

TMt. Woodbury. here iniesposei. and
ssd: +. no Secfs'sry or sdminisifsiion
cauld srll what lhsiF income you'd be-
hey might be held FesPeasibls ier The
expenditures, becs1se fbey could control
hen. Bu, he could not. ~ Secretary.
control even Thai; Congress. - he bad
oI,en ssid. led him into me mistake ~ 10
he expenditures. IL q was one.
NJ. simmons resumed. II may be
true Thai Congress mislsd bin ak millions
and half. b., equally 80 that be misled
Himself twenty nine millions in the can
mate Of reesip,s! AZ 20 lhs balance 81
The srd Of The year. 4 Congress bad or
dersd no more expenditures that be esii
mated. The balance uould have been lily
iwo millions. instead Of lnuren millions
and half. a. he eslinssed-a mistake Of
lhiHy-eighl millions instead Of thirty one
and half milIioas. This vas The report
made Just before ihe Law passed for de-
pasi.ing The snrPlus money with The
States.
In looking over shsss fepnris 10 Gel a.
facts. have noticed one error which sp
pears 10 be Of grayer character Than
these mistakes; for By them no money Is
lost: they may mol have been intended
even 10 mislead The Congress IN ils leg
islaiive duties. In The sceount Of re.
ceipis for The year 1897. exhibited 10 The
report OF the Secretary OF The Treasury.
made in 1888. (zf,er oil lhs accounts
musl have been receivrd.) there 10 cred
lied the expenses Tor he year 1887
Amounting 10 ssl,si5,409 81
And the smouni received eharg-
ed al 226i3. 973 81
This sun appears 20 hare been re-
ceiyed as follows;
Lands 6776 236 So
Miscellaneous l,705 Al ~
Treasury notes z. 992. $50 IS
Bot BY the Registers account, IL sp
pears Tia, The receipts from customs for
that year were over two millions snd a
half more than 10 here accounted for!
This difference, | should suppose. if il
were any other kind Of an account. must
yet remain 10 be accounted for. or paid
over.
If any merchant should make such en-
error IN Sendesing an account. aad 10 was
afterwards detected. he would expect 10
pay il; and hope il nav be so with Tins,
or else explained in some more sstisfasio-
~ manner. Than BY some other error as
large.
To return 20 the estimates Of The hon
cradle Senstor for The future resenue, and
20 The objects Of them, which he contends
prove that there is no Necessity for taxing
tea and coffre, or raising the taxes. BY
which | understand him 20 mean, raising
The rates Of duty. Upon this poin, | viii
say lew words. One Of The amend
men,s proposed by the honorable 5, n,tor
from New York 10 intended. no doubt.
10 cresle The same impression. Il says
that the distribution bill created an instant
necessity Tor increased laxalion--or words
Of like Import. Both intend 10 convey
The idea, that these resolutions propose a
higher rate Of duty Than existed upon The
duiisble articles under 20 past sdministfs-
lion. The truth 10 otherwise. The most
that can fairly be said Of the resolutions
70, that they propose notto have the rates
reduced so low IS Il Was provided 10y
Law passed nine years sgn) they should
be, upon an estimate that fifteen millions
we're sufficient for the annual expenses Of
Government. 1.-THE Secreiary's estimates
of The expenses had proved correct. we
have slready seen that thai sum may be
raised by duty of2o per cent, provided
the imports continue as fr The lat four
years. But UPON the most productive
dulisbls sriieles, such as wool, woollens.
iron, coal. ready made cloihing. &c., the
rates OF duty averaged more than forty
per cent. during the whole term Of Mr..
Van Buren's administration. Upon the
articles referred tn, paying the lowest
RATES, The average duues. lnr The whole
lime, were forty zone per cent. Generally,
these arlicits paid dn,y =, or over City
per cent. in lS33--in lS47 they paid FIR
Iy.four per cent.-in 1888 aud 1899 forty
one per cent and in 1910 ihiIly-eight
per cent, making an average for The lour
years Of forty-nne per cent. And vel.
with this rate ofduly, Ilat administration
spent between twelve and thirteen mil
lions year more than they collected from
duties, during the whole period. Its
friends now comIl in II aud oppose re-
solutions. beranse those resolutions de.
,lare that sutfic enl revenue cannot be
'aissd with rate of da,y reduced to lees
han half Of what was levied during their
ERIN; and The honorable Senator insists
hat il esh be.
There is another mode of I. sting Thu;
md lhstis. by seeing what wa, spent dor.
ng The term Of uie late administration.
which did not come either from customs
" lands, but was spent in addition 10
what was received from both those sourc-
3, when the taxes. as they cal them,
we're more Than forty per cent.
they spent the money On hand at
the Beginning of the Grsi year,
which lincuding what they stop
ped from going 10 The states at .....