The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-11

Excess Of expenditures over means LIST
IL. sum Of ss;icoo 70. ::rp;D. Il re-
venue from possgss, $a7s0oO for possgss Of Congress
and ssseu.v: :ics. and q the debt assumed
lumbis are included in the above sum-
Tins excess 10 bs sed on the assumption that the
whole amount Of five millions is outstanding of
treasury notes authorized by the act Of 22nd July,
1916, under renewed authority now requested
TO be conferred by Congress TO issue the same !;
but, az the whole amount cannot be outsta ndine
Mt tine same time, on account OF the number of
notes cancelled before new note is issued, the
excess Of expenditures over means on the LIST of
July, lS4S, should be estimated ut nineteen mil
lions Of dollars which will cover all expenditures
including that OF the war, if continued mp TO thar
dhss. ara - l % $50 N
IL ~ important at oil times, rs shown by uni !.
form experiences, but especially in period OF war,
10 keep balance Of AT least four millions of dol
lars in The treasury IN order 10 supply the min.
foreign coin for re-coinage, also to be enabled
At ali unzes to pay the public creditors 1t every
petnt, bosh IN and out Of the country, with pune.
tu.i,sy and despatch Although then, the actual
ceed nineteen millions Of dollars, the ecessity of
having = surplus oil four milions in the treasury
~ all Tunes requires that a loan of twenty-three
millions should DO authorized, unless additional
rsvcnae - raised By some new provision Of law.
AZ Que oil the means Of augmenting the revenue,
il 10 proposed that Congress shall authorize du-
y. Of twenty-five per cent on ten and coffee,
IoOucS
CURED 10 nineteen millions of dollars.
Aunexed (markoa O. u table of imports Of
tea, and also Of coffee, from 1921 to 1876 IL will
be perceived that the imports Of tea beisg 1851
ON pounds consumed in the United States Tor the
lsn necd ysax. amounted to the value of
possss. q the vslss Of 81 .sSa.4, making an
aeEvsssss OF Sll, 76s, M-s duty Of twenty hive
nps e. -, -. go 7s Aiisf making a full allow
nncs for decreased consumption on account of
the dufisa, the addinonal animal revenue from
th.s sonscs might b. saiey estimated At ~ 800 900.
sosy IN pari, ios several years, unIess It were IN
possd danng avsv early period Of the session,
and - 70 into effect time not later, il possi-
~. stsan the lst of January next. Between that
en1s md somc time early in the sprlng largo i'm
pcrnnans OF tea, and, 70 sons extent, of coffee.
a. b!oeuht inao tbs ooustxy, and ought to be sub
jscsed - the daty, m osdsf that revenue should
% s.ssse oen such imports. II this il not done,
~ period, The fsx will operate as an enhanced
prce 70 the consamcr, without producing COR
rrspoNdenf rsveBus.
fhs s.scs nev On hand. and that would be anu
end ~. psminso. and some other ports and o.
tea, Ia part from the bonded warehouses of Eu-
rope-comng IN free Of dusy, IN anricipalion O
thc h~, would consssnuss nothing to the revenue
Of NE csnnuy whist the prizes Of the ssock or
haah ksrx, ss vel 10 that thus brought in free o
1afy, weusd be augmented nearly IN tina ann
psoporicn rs II the duty had actually gone q
snss mo sase d ,a. delay: sa:s 10 imposing TIN
consumer for several years nearly a. much a !
shs daty were I1posed nj oucns would, durips
that sseIs period. bong very Luls revenue in!s
me usss.ry. sach . delay. then, would onll
al the expense Of the people. Such has been the
aifnos uniforln edect u ths possponesnens or ths
operation OF laws imposing new OF addisional du
u<<--of winch the sxampies are numerous unde
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