The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-07-16
I06,O6O,4l0
4,l72,676
Leaving -sl0l, 9O7, 7s4

Leaving -slOl ,sO7 ,7s4
The above 81, l72 676, is not deducted in the TIA
bic from the sl06 $50 4l0 because il consists, ex-
clusyely Of an excess Of the exports Of those art-
cies over the imports Of 1885, thus proving that
such excess must have been not Of the import OF
lo45, but Of the imports Of preceding year, 9TH
erwlse more Of these ARTICLES must have been ex-
ported In ls45 than were imported the some year
Nearly the whole. amount specie, and la no
event could any portion Of the affect the es-
innate of the revenue. Ii Is mere difference OF
nomenclature, not changing IN any aspect the result
OF the estimate Of revenue; but that the nomen
elaiure adopted Is right Is proved not only by the
tables themselves, as compared above, but by the
following consideration. II an expectation IN loi5,
OF an import OF 1874, Is TO be deducted from The
Imports Of lS45 consumed IN that year, then If the
import Of goods in l545, consumed that year, was
SlOO, 900, 900, and there excess OF exports
imports off 100, 900 900 of specie, anything
else, imported previous year, II would leave no
imports Of l645, consumed In that year, notwith-
standing the actual consumption Of such imports,
and the actual payment Of the duties into the easu
~. Nor must the amount of duties accrued on the
imports of asy fiscal year be COMPOUNDED with re-
ceiPts during the year into the treasury. Thus
the receipts from customs into the treasury for the
fiscal year lS45, stated in the annual report at
y27 ,52S, liz 10, founded the official statement Of
the Register Of the Treasury, given at page %;
which 10 based upon the books OF the treasurer Of
the United States, and recorded by the register.
Now, at page IS Of treasury report, the duties ac-
crued in 1915 Excluding expenses Of collection,)
given 1928 81 636 as; but this difference IL
the result mot merely in lS45, but in every year
since the government founded) Of the fact that
many goods are entered with the collectors at or be-
fore the close Of each year, and returned by the col
lectors as goods entered within the year, and on
which the duties have accrued, but on which,
during the sixty or ninety days Of the succeeding
fiscal year, under the twelfth section of the
tariff OF 1912, after entry Of the goods with the
collectors, the moneys are not received by them at
the date OF the entry and cannot be paid
into the treasury, until some time during the sue
ceeding fiscal year In all the tables formed from the
existence OF the government down 10 the present Pc
rod, the moneys paid into the treasury during any
one fiscal year never have correspondent, and un-
less the law is changed, never correspond with
the duties accruing during the fiscal year. These
remarks made TO correct any misapprehenson
that may exist on this impor ant subject, and to
prove thai the estimate made in my communication
to the Senate OF the 18th instant is corect-namely,
that, Notwithstanding the increase Of population,
there Is an actual and certain dminution IN the
revenue from customs, ascertained from payments
made into the treasury, for the fiscal year ending
3Oth June, 1876, of SS46, 1877 %, compared with
the preceding fiscal year. The estimated nett
enue under the bill of the committee and schedule
for the year commencing LIST Of December, 1886, and
CLOSING JUN INOvcmDer, lS4I, 10 eJI,USO,oIof 10
guard, however, against any Unforeseen circum-
stances, is deemed most safe and prudent make
deduction from the above amount OF 81, 052, 55S,
which would reduce tho nett revenue under the bib
and schedule to minimum of $50 034 ,057.
Appended to table is estimate Of the metz
revenue to be derived from the bill Of the House,
and comparison between the duties and nett rev.
enue under that BILL and the duties and nett revenue
under the bill of the committee and schedule. The
principal difference arises from the restoration by
the bill Of the House of tea, and coffee to the free
list, with a few other notifications, thus reducing
the nett revenue under the bill of the House to
s25, 1885,, 2s9. If from this deduct the above
amount of Sl,052, $50, as possible over-estima,e
would reduce the nett revenue under the bill the
House TO a minimum of s27 1896, 73l. 1877.
The duiable imports for consumption, under the
bill Of the committee and schedule, estimated
Sl29 OBJ ,2O9, yielding nett revenue of S3l 0S6
and making "a 2l29, the average rate per cent Of
duties under that bill IT, however, the nett revenue
under that bill be reduced above sta ed to min
mum OF $50, 4057, it would reduce the dutiable
imports for consumption to 1924 ,652 ,696, and also
bring down the average rate of duties to "a LIZA
per cent
Under the bill, the dutiable imports for consump-
| ton are Slls,sl0, 53l-makng "a 47-llS, the ave-
rage rate per cent of duty. II, however, the nett
revenue under the House bill he reduced as above
stated to a minimum of S27 ,s35, 73l, it would re-
duce the dutable imports for consumption To
per cent of duty under the bill of the House.
Such are the fluctuations in the several imports
arising from variations in the and crops,
from changes of taste fashion, Of prices at
home and abroad, or the substitution Of some new
article, foreign domestic, that it is impossible to
estimate with great accuracy mportatlons IN detail
under any system Of duties. A nearer approxima-
ton be made to the aggregate result, and more
confidence il placed in that aggregate, than in the
| estimates in detail. IL is the belief Of this depart
ment that the bill Of the House will yield nett
revenue stated, Of at least S27 1886, 73l. This es
| innate is the result Of many months of laborous
research and inquiry, aided by ali the tables of i'm
ports of each article the respective rates OF duty
under every tariff from the organization Of the gov
| ernment to the present period
| In addition to the information furnished by these
tables, the department has deemed it duty, from
anxious eolicude TO arrive at correct results In
matter SO vitality affecting the revenue Of the gov
ernment, and oil the great interests of the country
| tn confer with gentlemen Of skill and experience, not
only in the treasury but also with others residing
m the great mercantile cities of the Union, whose
! presence could be obtained without unnecessary de-
lay. The result is nevertheless communicated witt
undissembltd difidence to the consideration OF tht
| very enlightened body upon whose cell this est
mate is now submitted The answer TO the remain
ing resolution of the Senate is in the course Of prep
aration, and will be very speedily submitted.
/ 49, s'.t.-r. ~ r. J. WALKER,
/ ....... .,.H Secretary Of the Treasury.
To Hon. GEoReE NJ. Dallas, a|t.#
Vice President Of the United States,