The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1845-01-17

as follows:
From the customs, $Sl ,9l6,OlS 04
From the public lands, 2.l39,s56 81
From other sources. I2O 900 90
+ Making a total of $sI, 1894 ,s74 90
/ And the estimated expenditures
| and ether demands on the Treas
ury within the same time,
| amount to $35, ,OI9,43I O6
Being less than the estimated re-
celpts by $3l4'ooo ID
Which deducted from the balance
| reported on hand the first of July
last. as above stated, 7,s57,379 Ga
Would leave in the Treasury on the
Ist of July, 1915, an apparent bal
ance of S7,O42, 1928 81
The above apparent balance, however, is liable
to be decreased by the amount Of any additional
appropriations that may be made during the pres
ent session of Congress, to be expended previous
to the 3Oh day of June next.
4 The existing debt of the United States on the
LIST of July last, was $24, ,745 1888 %. On the lst
of December preceding it was $33,s5O,673 o.
The Secretary recommends that sinking fund oil
two millions of dollars annually be provided topay
the interest on this debt, and to redeem the prin-
cipa at the respective periods assigned for its re-
demption.
The imports during the fiscal year ending on the
3O,h June, 1914, are valued as follows:
Free ofduty, 1924, ,7s6 ,Os2 90
Paying duty, e3'oSo'oZo W
Total imports, $lOs, ,434 ,Os2 90
The exports for the same time were:
OF domestic products, loo,lea,49' w
or foreign merchandise, lO,9l4,Iol w
Total exports, Slll'iZo'Z'o W
The Gross Revenue from customs within the
wear was S29, 1877 ,O6O 60, ard the nett amount
paid into the Treasury was S26, 1850 81; max
ing the cost of collection 50. .953, ,4S9 60.
In regard to the present tariff, the Secretary
.smost respectfully recommends to Congress
review and reformation Of the act Of 1912 to pro-
vide revenue from imports" "Weigbty consd-
erations," he says, 'concur in pleading for such
review and reform" These considerations are
mentioned, but we have not had time to read them
One of the objections urged against the existing
law which met our eye in hastily turning over the
Report, is stated by the Secretary to be its 'lack
ofperspicuty and exact definitions in some of the
enactments," which "glve rise to different con-
structons by different collectors of the customs,
so that practically and in fact different rates OF du-
ties on like articles have been levied at different
ports in the Slates contrary to that clause OF the
constitution 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 in general terms thatits
provisions shall not be SO construed as to conflict
with subssting treaties whith foreign nations, 1t
occasions much trouble and responsibility to Col
ectors, and is the cause of many complaints to the
Treasury Department AS respects any "incl-
dental encouragement and protection OF domestic
arising out of the mode oflevying
such necessary revenue by duties on imports as
may be required for the support OF Government,
and to maintain its faith and provide for the com
mon defence and general welfare, the Secretary
thinks that SO long as Congress keeps within the
ssconfnes" of raising that which is Unnecessary"
the encouragement thereby afforded to domestic
industry 'must be deemed rghtful as an inevitable
attendant upon the exercise Of the delegated
power" .s q. i
And in concluding his remarks OH the subject Of
the Tariff. he states that the proposed review and
modification of the act Of ls42 are presented not
SO much with view to the action Of Congress dur
ing its present session, as to awaken attention and
inquiry, and lead the way towards elcitng all the
information necessary fol such matured legislation
as the important principles and interests involved
seem to require. ,I..,,a !
There may be, and no doubt is, much other in
leresting matter in this Report, which has escaped
our notice on the hasty glance we have given it,
snd which will render necessary for to advert
again to its contents.