The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1843-12-13
y ANNUAL TREASURY REPORT.
Fits al8a6sI IcoSc+uDTD j. tae.aos 9eI
TREAsURY DEPARTMENT.,

81 EglnAttf8 aTs ~ 4kEASUHY DEPARTMEET, 6g0c
4siligie Is sag,asg b-a s,u December y. I843
Secondly. Il becomes the duty Of the undersigned
70 examine the remaining question presented, whether
any and what provisions can be made 10 meet the
contemplated deficiencies OF such portion Of them as
may exist aficr the Feductionss which Congress may
direct. The alternatives which suggest themselves
direct taxation, an Of tho proceeds
of the sales Of the public snds the increase Of exist
ing duties On imports, and the uposition Of duties
upon articles now free. " geogiogogs- 4siolis 81
sona pioprrty would MOI be attempted unll all other
resources have failed. The undersigned has there
fore.ar.'dts$t suggest on this sngjectsg dtjeaaa
" e 70 asE syed that any m,ldiestiph Of tho land
lawScAn Be made BY Mhich ans permanent inc seas'
OF fevehue from the cubic DOMAIN can be secured. -
Some temporary accessipn might be obtained by re-
ducing the price OF land Offered for SALE but it wuuo
be with The hazard, if not certainty, of destroying
rich fountain, whose regular and steady stream KEEP
up by maintaining Tolerate price adapted TO The
circumstances If our feow-c,zens, and yet not in
vitiDg speculative Investments, Our ultimate re-
source, then, must be the duties on imports And
when It is considered how large portion of the
penditure Of the Government is caused by our light
houses, by gu, foreign intercourse, by navy and
other to protect and extend commerce with
foreign nations and with how much more equality
and quiy tax upon the importation of foreign mer-
chandlse operates upon ali classes than any other
mode OF raising revenue; with how much more ease
it is collected and how it en,ely avoids all collision
OF taxation, this mode Of supplying the wants of The
Government will Itself favorable conside
ration
Sufficient information has not yet been obtained
respeci ng the practical operation Of the net Of 10th
August 1872 establishing the existing rates Of duties
foreign imp rations, TO authorize accurate OPT
MON Of the prb BILE suits of its different provisions.
The c, mmrIca statistical statement required by law,
embracing the returns from The 30h Of S,p.enb.r,
1912 to the 30th Of June, 1913 is in Of prepa-
10 at m be lied IN
is huped will be laid before the two Houses Of Con
gres in the course Of the ensuing month As it VIII
embrace the first nine his during which the pre-
sent riff has been in operation it will probably
tain the desired information But the undersigned
feels bound to say, that from the examinalo Of re-
ports he has caused to he made from the principal
ports and from general view Of our commerce. AFT err
the best consideration which he could give the sub
ject he has not betn able di- cover any of the
istng duties which be increased with any reason
able prosper OF augmenting the revenue. The dan
ger fro ,h,s that articles upon which hi ID
dui ae lev ed Will either be candcstinely intro
due d or mo- imported at all II is believed that TO
the great vigilance which prevailed during the past
son along the Co st and our exierded inland
froner, It Is mainly owing thai he fraudulent inpor
tations which had peen cipated by have been
prevented The temptation, however, should not be
CARR, So far that success in enterprise will re-
munei ate fol The losses in several failures
On the othtr hand, looking the subject exclu-
sively in It's bearings upon the revenue, the under
signed IL not prepared 10 specify any very important
rates of duty that will bear reduction unless the e.
,cIency he supplied by duties upon other articles
Those levied on glass ia ticu,ar kinds of iron coa
and sugar are consic red y many TOO hiyb for reve
purposes. Should the statistical information be-
fore referred to- OK hhit such result in res ect 10
these or any other articles they will doubtless arre.,
the attention OF Congress.
Assuming, what viii probably be found to be the
case that nv essential Improvement of he revenue il
likely to be eff cted least for the present by an
crease of the du,es already existing or by reelection
of them it b. ~ to inou re whether any
aaices now free of duly can " lib pro- ETY. be b
ject, d to moderate i'm post, and whether there are
nav other mcans of providing for the ANTICIPATED de-
6c ency2
The articles now free Of duty, which present them
selves most pr mncntly as subjects of impos, are tea,
and coiT,e In the last annual reuort from this De
partmrnt this curco of revenue was indicated. The
necessity of resortinr TO it is as apparent and more
urgent now han it WIS then The opinions of i'm
porrrs of h. artcl,s OF merchants and officers OF
the cu-toms various pats of the United States AZ
COMM ated 10 this Department in pursuance OF it,
req, cs', are UNANIMOUSLY and decidedly in favor o.
such duties as more .qual and less bu nsome than
any other mode by which tie same amount could bs
COLLECTED From The organization of The Govern
men, TO the year 1892 duties laid upon these
tci,s. In that year they were repealed 10 pursuanc,
cf the recommendation of the President, which wa
mad, as be stated, in cons, quence Of he naona
debt bong exiingulshed, aud the royeuue being ebuG
dant Tor he public service The for that poll
cy having ceased and llilonal revenue being indie
pnseble for The most economical administrat f th
q vrtpment, IT cannot be doub ed that our fellow
citizens wi acQuiesce IN tie necessity which requIr
such an I'M, cost a. che,rlu as in any oher burden
ich they are cilpd to bear Cor the security aud pro
tectln OF hemseives their property ther his am
liberties
Notwithstanding the opinions Of some I canno
doubt that the price of these articles would be en-
BANGED to the consumer TO some extent by the impo
ston of duties But it may be questioned whethe
this effect would not BE- temporary Coffee is reise
in various countries and the amount produced has in
creased OF late years rapidly Should the competi
ton between IN Sc countries be become 50 activ
as to enable to choose the of supply the du
ty may oil upon the producer. In respect to teas
the opening Of the China trade and the exchange 70
them of cotton fabrics, instead Of specie
heretofore will enable us to obtain larger supplies
and at cheaper rates. But, whatever may be the in