The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-04-15
THE NEW REVENUE BILL.

OF our readers 10 understand the provisions OF INC
tariff bill, which was yesterday reported by the
Committee Of Ways and Means, we lay it this even
ing before our readers IL follows in its great prin
cples the bill proposed by the Secretary of the
| Treasury. 1t sbolishes the mnmums and the spe-
ckc duties; and estimates the duties upon all the
tices Except the free srteles) on the ad VaiOrsm
principle. The most material variation between the
committees bill and the treasury bill is the shifting
of some Of the articles from one class TO another, so
as to increase or lower the daty. Thus msnufactu-
rers Of WOOL &c, are placed in the 80 per cent
class, &c in the present bill
BILL reducing the duty on imports, and for
other purposes.
BE enacted bg the Senate and House Of RspTssen-
iaUss Of the United States Of y7miea IN COAgTsSs
| ssmbisd That from, and after the first day Of De-
cember next in lieu Of the duties heretofore i'm
posed by law on the articles hereinafter mentioned
and on such as may now be exempt from duty,
there shall be levied, collected, and paid on the
goods, wares, and merchandise herein enumerated
and provided for, imported from foreign countries,
the following rates Of duty, that is to say:
On goods, wares and mercandise, mentioned in
i schedule A, duty Of ssVsnty6Us per eentum ad
yslorem.
On goods, wares, and merchandise, mentioned
in schedule B, duty Of thirty per esntum ad Valo-
rem.
On goods, wares, and merchandise, mentioned in
schedule c, duty OF hssny ss per eentum ad Valo-
rem.
On goods, wares, and merchandise, mentioned in
schedule ID, duty Of hrsaiy per eentum ad yslo-
rem.
On goods, wares, and merchandise, mentioned in
schedule E, duty Of fifteen per esntum ad valo-
rem
On goods, wares, and merchandise, mentioned in
schedule r, duty OF ten per eentum ad yslorem.
On goods, wares, and merchandise, mentioned IN
schedule G, duty Of fps per centum ad yalorem.
SEC. q .and be Il further enacted, That from and
after the first day Of December next, the goods,
wares and merchandise, mentioned in schedule ii,
shall be exempt from duty.
SEC. 3. fad be Il further enacted, That from and
after the first day Of December next, there shall be
levied, collected, and paid on all goods, wares, and
merchandise imported from foreign countries, and
not specially provided for in this act duty Of il0sn-
" per eentum ad yaloTem.
SEC. 4. .fnd be IL further enacted That II il shall
happen in any future fiscal year, that the revenue
shah not be sufficient to defray the expenditures re-
CURED for that year, duty OF ten per esnfum ad
valorem shall be levied, collected, and paid tea
and coffee, TO take effect after the first quar-
ter Of the ensuing year, and II shall be the
duty Of the Secretary Of the Treasury to report
such deficiency to the President, who shall forth
with announce the same by proclamation, and direct
that the aforesaid duty be collected as above pro-
yded.
SEC. S. .fnd BE- Il further enacted, That from and
after the first day of December, next, in lieu Of the
bounty heretofore authorized by law, TO be paid
on the expectation Of picked fish, Of the fisheries
Of the United States there shall be allowed on the
expectation thereof, Il cured with foreign salt, a
drawback equal IN amount to the duty paid on the
salt and no more 10 be asoertained under such reg
uations as may be prescribed by the Secretary Of
the Treasury.
SEC g. And be il further enacted, That all fancy
goods wares anil merchandise, imported after the
passage Of this act, and which may be in the pub
lie stores, on the second day Of December next
shall be subject to no other duty upon the entry
thereof than If the were imported respectively
after that day.
SEC. 7. Ind be u 6uth<r snseisd That the
twelfth section Of the eptitled IAN act TO provide
revenue from imperts, and to change and modify
existing laws imposing duties on imports, and for
other PURPOSES" approved 30th August, 1872 shall
be, and the same Is hereby so far modified, thai all
goods imported from this side the Cape Of Good
Hope, or Cape Horn, may remain in the public
stores for the space Of one hundred and fifty days
instead Of the term Of sixty days. prescribed IN the
said section, and that all goods imported from
beyond the Cape Of Good Hope, or Cape Horn,
may remain in the public stores one hundred and
eighty days. instead Of the tarm Of ninety days pre-
scribed IN the said section, Provided, That at the
time Of the payment Of duties on all such goods
whether the same, or any portion thereof, be sold
Tor the payment Of such duties not, interest at
the rate Of per cent per annum, upon the duties
payable from the time Of the importation thereof to
the time of payment, shall also be paid part Of
| the duties chargeable upon such goods
Sec. 8. find be il further enacted, That 1t shall
be lawful for the owner, consgnee or agent, OF I'M
ports which have been actually purchased on entry
of the same, make such addition in the entry, to
cal, in he ,,h io
opinion may raise the to the true market value
Of such imports in the principal markets Of the coun-
try whence the importation shall have been made,
or in which the goods imported shall have been
| originally manufactured produced, as the case
may be, and to add thereto all costs and
| charges which, under existing laws, would form
part of the true value at the port, where the
| same NAV have been entered upon which the
duties should be assessed. And it shall be the duty
of the collector within whose district the may
be imported or entered, to cause the dutiabe value
Of such imports to be appraised, estimated, and as
certaned in accordance with the provisions of exist
ing laws. And if the appraised value thereof shall
exceed by ten per centum or more the value so de-
clared the entry, then in addition to the duties
imposed by law on the same, there shall be levied
collected and paid a duty Of t,oenty per centrum ad
valorem such appraised value. Provided, nerer-
iheless, That under no circumstances shall the duty
| be assessed upon an amount less than the invoice
/
| standing
SEC. 9. And be il further enacted That if upon
the examination of any parcel PACKAGE or quantity
| of goods of which entry, has been made, the ap-
prasers of the United States shall be of the opinion
that the same undervaIued by the owner, inn
porter, consgnee agent, with the intention of de-
traudng the revenue of the United States, 1t shall
be lawful for the collector within whose district the
| same may be entered the sanction Of the Secretary
Of the Treasury first being obtained if, in his opin-
ion the shall be advisable, to take such goods
for the use of the United States. And such colec-
tor shall such goods to be sold at public auc-
tion within twenty days from the TINA of taking
the same, in the manner prescribed by law for the
sale of unclaimed goods; and the proceeds of such
SALE shall be placed forthwith int the treasury ofhe
United States. And such collector is hereby au-
thorized TO pay OF the accrulng revenue, to the
owner, importer, consignee, or agent Of the goods
so taken, the value thereof as declared IN the entry,
and FIVE per centum upon such amount in addition
thereto. And the sad collector shall render to the
Secretary Of the Treasury, with his accounts Of the
customs, a statement showing the amount of mo-
neys 30 paid, the amount Of duties chargeable on
the goods so taken, and the amount of proceeds
-l-I :.