Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1845-01-03
REPORT OF THE SECRETARY OF
THE TREASURY.
Correspondence of the Express.

THE TREASURY.
Correspondence of the Cypress.
The Report of the Secretary ofthe Treasury
has at length reached Congress.
The Report dwells at length upon the Pub
lie Domain, and proposes changes Of the pres
ent laws.
nd valorem, instead of specific duties are
recommended.
i In so years, il is estimated that the popula-
tion will be 70,000,000.
The difficulties of changing the Revenue
Laws is commented upon at length, and Con-
gress is warned to avoid deficient Revenue in
its notifications Of existing laws.
The Secretary proposes review and modlfi-
cation Of the Tariff OF 1912, but not with de-
sign that the modification should take place at
the present session OF Congress. The present
session should be TO get information.
1t is proposed also to anticipate by legislative
action the redemption of Government Stock.
A change of duties is directed in regard TO
wines, so 10 make them correspond in terms
10 present treaty sfipulations.
An inquiry is recommended into the whole
subject of State Indebtedness.
.e,as REVENUE, SC.
Receipts for the fiscal year, ending on the
S0th day of June last was $50, SSI 100 09
received from the following sources, viz
From Customs 500, ISIS, $40, "a.
From. the Public Lands 2,O5e, 9S9, so
Miscellaneous sources 26I ,007 90
Treasury notes and loans under
acto March 8, lS43 1877, 1871 ,35
Making an aggregate Of 30,SSl, 700, O3
The expenditures during the same
period, including $l2,99S,773, 81
on account of the public debi,
were Sa,s5s, 1877, "a
. Exceeding the years receipts by 2,577, l:7, 81
This latter amount, deducted from
the sum remaining in the Treas
y, ury, July l., iS4S, of 10,4S4, 5O7, SIS
LEFT balance on hand July /,
A. 1874, of $7,s57 ,s7o, 81
Estimated Receipts for the present fiscal
year, which viii end on the S0th of June, 1916,
are as follows
From the Customs $S1, 945, 01s on
From the public lands 2,lS9, S56,S9
From other sources 100000
Making total of 81, ,S74,93
The estimated expenditures, and
other demands on the Treasury
&. within thesame time amount to So, ol9, 43l ,O6
Being less than the estimated re-
cepts by SAL $50 I3
Which deducted from the balance
reported on hand the LIST of July
last, as above stated 1857 ,379, Ga
Would leave in the Treasury on
slthe LIST Of July, l845, an appar-
ient balance Of 7,042,82 81
however, liable to be decreased by any addi-
tional appropriations that may be made during
the present Session of Congress.
The Existing Debt of the United States on
the LIST Of July last was $24, 74S, 1873, %. On
the LIST of December preceding il was $2S, $780,
67S,03. The Secretary recommends that a
sinking fund of two millions of dollars annually
be provided to pay the interest on this debt,
and 10 redeem the principal at the respective
periods assigned for its redemption.
The imports during the fiscal year ending on
the Soth Of June 1874, are valued as follows /:
Free ofduty S24,766,0s2 90
Paying duty $685. $40 90
Total imports los, 4S4 10000
The exports for the same time were -
tOi domestic products $l00,1S3, 497 90
sQf foreign merchandise l0,944,7Sl,00
Total exports III, I9s, 1880
The gross revenue from customs within the
year was $780, 1877 ,060,60, and the nett amount
paid into the Treasury was $96, 1873, SIC, "a !;
making the cost of collection ss2,95S, 49, go.