The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-12-08
EXPORTS FROM NEw Y0RK FROM JANUARY lsr TO DE-
lsT Sn

Corn Conn M Ssihe SSi. 1875 ssss lss ss,
cS 90 barrel. ..:...:. ss,sss an asD ." -,
E ts H. S.';i: ' ssis s1 1sss SIS ss
Hops bale Iso" 49,. ISIS ais1 I' a,osa
| Rosin barrels ....... h5SIS 7IS02 2Is97
| Spirits Turpntine do.. i.l57 1881 470 -
do SPERM ..sss.Ss N lisa 1875
Tobacco Leaf. hhd..... i 1,,saa SIS 1869
Wheat. bushels 9osss 4i1s2 $500
| We have formerly imported too much; they have
largely exceeded exports and made indebted to for
egn countries. The creation Of for the general
government is small item compared to the prosperity of
the people The deficiency in the arising from
imports should be supplied from other rather
than induce overmportation and speculation in foreign
The real of the country should
be supplied and legislative act be created to swell the
imports beyond an actual demand Our exports depend
upon the quantity Of articles produced prices and the de-
mand from abroad for consumption or speculation.
Under the existing state Of currency, and the
wants of the people, our foreign importatons are
so small that the government from that source
falls far below the estimated smount With rate of duty
but fraction higher than that of 1885, imports for
ls4s about quarter what they years ago.
country much increased
The various suggestions made by the President in his
Message to Congress- in relation to the notifications OF
the currency and tariff laws, at this particular juncture
are of great Importance not of their feasabil
y but in consequence Of the danger arising from any
movement in the commercial policy OF the government.
The President says that the prominent interests of every
important pursuit. requires permanency and stability
This fact to start from covers the whole ground With
the exception Of slight change in the issue of Treasury
notes, to give them general circulation the
rency has for the past three years been left to regulate
self is fast becoming equalized in value from end
the Union to the other; is fast reaching specie basis
which, of all systems the only sound and safe principle
to govern it. basis that Legislation influence
All the laws in the world will produce the metal as.
ter than the laws Of nature dictate The supply is suci
emily asf to fill all the increasing wants of trade and
able business to progress rapidly necessities
quire currency based upon the fluctuations of egsa
ton governed by the opinions of those who are swayed
by hundred different interests contracted and expanded
SO suddenly as to derange all kinds of business raises
prices this year and brings them down next inducing
speculation, and running thousands in the currency
depending upon the voice of Congress liable to changes
at every session. or subject to the will Of few ndivdu.
ais as their interests may dictate canns be otherwise than
irregular and injurious. If the paper currency in Urea
sury notes or in Bank notes. the influences operate
on its value The proportion in circulation to specie
never be depended for The present condition
of the currency, indicates more sure sound and safe
system oftrade, than any have been before blessed
WITH or any that the general government have could
devise Our domestic exchanges more regular and
than before foreign exchanges be-
low par; we becoming the creditors of every nation
commercially our banking system is fast becoming purg
ed paper money used for bones, and banking capt.
tai is declining to the wants ofthecommuniy Specie is
used to purchase productions from first hands more
generally than has been known for years. All these bene-
fits emanate from the unaterable laws of trade that
late themselves when left unfeered by legislation. This
country at present requires deposit for government
funds for the demand from creditors is greater than the
supply Congress can confer greater favor the
camille classes, than to leave them work out their
own salvation Permanently and stability should be
the principal object in all things. The President
admits that under the existing policy of the 60
vernment, there is a renewed activity in commerce,
revival of trade in all its departments and rapidly
viving prosperity in the whole. country
In any alterations Congress may think proper
to make in the existing tariff, the President wisely
advises them to place that subject basis
granting benefits to all interests but particularly
make 1t permanent. Our merchants require all
laws regulating trade and to be placed on
something solid-something that will last-something
sage the last tariff act branch of business could de-
pend on its conditions. Those engaged in commerce
with distant countries not that the return
Of their ships tariff would be in existence similar the
when they departed. This uctuaton in the scale of
duties makes the system of foreign merchan
disc Of the highest importance. That system will be of
the greatest value to merchants and il is hoped Con-
gress will give that attention the subject demands So
long cash duties demanded warehousing must be
resoredto 1t would enable the importer, with small
capital, to stand the ground his wealthy
neighbor occupies it would regulate importations,
that our markets would be flooded with foreign
goods it would abolish the trouble now experienced on
all merchandise entitled to drawback prices would
be uniform all articles Deposited in the CHARGE
government subject to the actual demand that exists
from time to time. The idues many descriptions of
merchandise imported, reach than half the
ofther first cost The adoption of system, enabling
merchants of limited resources, to take what proper
ton of their imports their available would safely
allow and find market for the amount, before they re-
ceived the balance, would place all the foot ing
and not compel active enterrsing individuals depend
upon banks or favors Of credit from any carry
reasonable amount Of business The of the
United States would not be curtacd single dollar Iby
perfectng desirable system The receipts from i'm.
ports would be regular for they would be derived from
steady importatons to supply actual demand and
those fluctuations would disappear that miscad the diff
rent Secretaries Of the Treasury in making their est
mates to Congress.
ESTIMATE RECEIPTS AND EXPENDITURES OF THE UNITED
STArks, OR 1913.
Receipts
Balance the Treasury the LIST OF JAM
Customs. .'.......'.. $4,000, 900
Lands .''.'.'... ......s.... 2,500,o0O
Miscellaneous Sources 100 000
Lean and Treasury Notes 1883 35s
sss s2s, ,,9
- Expenditures
Civil and Miscellaneous 80. -. Sl,4i5,i27
Military Service, SC. 9,2e6,l20
Naval do ................ 1881 ,223
Interest Loan and Treasury Note. 32o,0oo 22s32713
Estimate balance on hand. Jan. LIST, 1874, $3.50 e2e
The Presidents Message informs that the deficiency
is nearly ss,oooOoo showing vast difference between
the actual receipts and the amount estimated The Score