The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1845-12-30
100000 90
25,OOO,OoO 90

/ July, 1916 4,S5l,254 80
Total estimated sum for
fiscal year ending 30th
June, l647 29,s5l, ,254 go
........s.-..-.-..
EXPENDITURES.
The estimated expendi-
ture during the same pc
riod, viz:
The balance
j of former
appropria-
tionswhich
! will he re-
quired 10
be eexpend-
ed In this
year Sl,44l, ,457 10
p ornament
and indeffi-
mite appro-
priations 2.997,9l5 -
Specific ap-
preparations
asked this
| year 2l,O79,440 43
Total esti-
mated ex-
{ penditures 25,5Is,s13 25
/ ................
Which is composed of
the following particulars:
Civil list,fo-
reigninler-
course, and
| m ise ella
neous t5,925.292 50
Army pro-
per 3,364, ,45S go
| Fortifications
| or dnance,
arming gmi-
litia, &c. 1891 800 90
Pensions 2;5O7,l 100 90
Indian de-
partment 2,214,9l6 I5
Naval alestab-
lishment $3.50, 800 SO
| Interest on
public debt s35,s44 -
-s25,5ls,sls 25
Which, deducIed rom
the total OF means before
stated, gives an estimated
balance on lst July, ls47,
Of 1882, AL OF
| ..........-......
tThe sum of sI,54s, ,997 for supplying
deficiency of revenue for postage, and al
so 100000 for postages of Congress and |
the executive offices, are included In the
above sum of S29, 9,627,O5l 90.
sThe sum of sI2I 900 for debt assum-
ed for the cities in the Districi of Colum-
bia, the sum of 100000 for supplying
deficiency in the revenue from postage.
and $4,000 for posiages for Congress
and executive departments, are included
in the foregoing sum of 5,925,292 81.
The receipts (says the report for the
first quarter of this year are less, by 81
01I,s65 80, than the receipts Of the same |
quarter last year. Among the causes Of |
decrease is the progressive diminution of |
the importation Of many highly-protected
articles, and the substitution of rival do
mestic products. For the nine months
ending June 80, Is43, since the present
tariff, the average duties upon dutiabIe i'm
ports was equal to 1874 lilo per cent;
for the year ending June 30, 1914, 1885
9-lO per cent; and for the year ending
June 80, 1915, 1890 per cent-showing
a great diminution in the average per cen
tage, owing in part to the increased i'm
I ,,c,rt,tio, ,,f er,,T.s .-siy.Ios - LII
ter, and decreased importation of others
bearing the higher duty. The revenue
from ad-valOrem duties was only 23-57
per cent, and the average Of the specific
/ duties 4l-30-presenting another strong
proof that lower duties increase the reye-
nue.. Among the causes tending to aug
ment the revenue, are increased emigra-
ton, and The annexation of Texas. The
estimates for the expenditures of 1916 are
based chiefly upon appropriations made
by Congress. The estimated expendi-
lures of lS47 are founded upon data fur
nished by the several departments, and
are less by S4,I0S, ,338 65 than those Of
the preceding year. These estimates are
submitted IN the full conviction that,
whenever Congress, guided by an enligh-
tened economy, can diminish the expen-
ditures without injury to the public inter-
est, such retrenchment viii be made, so
as to tighten the burden of taxation, and
and hasten the extinguishment of the pub
lie debt, reduced on the lst October last
TO sl7,O75,345 50.
In suggesting Improvements in the rev.
enue laws, the following principles have
been adopted:
lst. That no more money should be
collected than is necessary for the wants
of the government economically admInis-
tered.
I'd. That no duty be imposed on any
article above the lowest rate which will