New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-12-18
nhe annun, rrsasury Report.

II was moi until a late hour last evening that we
were able to obtain sight of the Annual Report OF
the Secretary OF the Treasury, yesterday transmit
ted 10 both Houses of Congress D.; and therefore We
have time now only 10 Stale the following parucu-
lars as TO portion Of It's contents:
The REVENUE for the fiscal year ending on The
30tb dav of June last was $3O38 ,7O0 O3 received
from the following sources VIZ: .-.o. .,
From Custom SO tsSSS 3
Miscellaneous sources -
Treasury notes & looms under act OF March g. 43 %
Making IN aggregate Us
The Expenditures during the sans period incla
ding sl2 .73 "a account Of the Public ., o.e GU az
Debt, were :os2.o-I 81
Exceeding the years receipts S35I GI VI
This latter amount. deducted from the sum re- - m -o-
naming in The Treasury july ]. 1919, oi, %
Left balance on hand July ]. 1874, ii
The ESTIMATED RECEIPTS for the present fiscal
wear. which will end on the Both Of June, 1915,
ma fellows:
F EtOn , ,he G onSc Iand 2l@ $50 So
From other sources .................. 10 90 %
Making total Of Sl2o4S74 %
And III. EsrTTArsp ExrESplrrREs nnd aihe1
han,and tina I'ansrU within the same time an, az, IN
umount 49,. oyi.,,o. w
Being les than the estimate receipts by... slio6 10
hand the ls of Juy last. as above stated o2.9I2 "a
Would leave in the Treasury on the lst Of July, ~ .
1886 IN apparent bulance S'oiSo-0 oi
The above apparent balance, however, is Liable TO
b, decreased by The amount o any additional APP
pr,,pi ia ions ihat may be made during tile present
s-iou o. Congress, TO be expended previous 10 Inc
3Ojh day Of June next.
Thr Ey,sTlnG DEBT of the United States on the
LIST of Juiy last was S24 743 l88 23 On the 1st OF
10. cemher preceding it was $23,850, 673 O3. The
Secretary recommends that sinking fund OF two
millions of dollars annually he provided 10 pay the
interest on ,his debt and 10 deem the principal al
tbs e,pe tive periods assigned for its redemption
The IMPORTS duri0g the fiscal year endiag en- the
vuu med as a
Free Of duty. ss 20 81 ~ ~
Paying e36o5o.U W
Total imports. SIS 4A 7o2 %
The EXPORTS for the same inns were:
OF domestic products as w GO GO
OF foreign merchandise .....''......'. iV2ii.ol W
Total exports. lZ2i6 W
The gross revenue from customs within the year
was 500, 10y ,O6o so. and the amount paid into
the Treasury was S26l93 $40 94-making the cost
OF collection So 953, 4S9 CO.
In regard 10 The present Tariff, the Secretary
{" most respectfully recommends 10 Congress re-
view and reformation OF the act Of 1912 10 provide
revenue from Imports" Weighty consiiera-
tons." he save, "concur in pleading for such re-
view and reform" These considerations are men
toned, bur we have not had time TO read them.
One Of the objections urged against The existing
law which met uur eye in hastily turning over the
Report; is stated by The Secretary be its lack
OF perspcuity and exact definitions in some of the
enhCtlioQlS, WHICH give Use 10 UlHcTeDl con-
syructons by different collectors of the customs SO
that practically and IN TACT different rates of duties
on like articles have been lesid AT different ports in
the Staes,' contrary to that clause OF the Consttu
lion which provides That all duties shall be uniform
Throughout the Union.
He also objects TO certain parts Of the act OF 1872
because by its providing ia general terms thar its
provisions shall not be construed az TO conf
with subaisting treaties with foreign Nations, it &C.
casons much trouble and responsibility to Collect
ore. and is the cause of many complaints TO the
Treasury Department. AS respects any "dcci-
dental encouragement and protection of Domestic
Manufactures" arising out OF the mode OF levying
such necessary revenue by duties on imports
as may bs required for ihe support Of Govern
ment, and 10 maintain lis faith and provide for
the common defence and general welfare, the
Secretary thinks ths, 80 long as Congress shall
keep within the confnes" Of raising that which is
"necessary," the encouragement thereby afforded TO
domestic industry "must be deemed right'ul as an
inevitable attendant upon the exercise of the delega
ted power and in concluding his remarks on tue
subject Of the Tariff he states that The proposed
view and modification Of the act of 1912 present.
ed not 20 much with f view The action of Con-
gress during its present session, as to awaken at
;entoa and inquiry. and lead the way toward elicit
Jog aIl the information necessary for such matured
legislation the important principles and interests
involved seemed 10 require.
National intellgencer Of Yesterday.