Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-02-19
Years.
Nett
revenue.

Years. Imports for Domestic Nett
consumption exports. revenue.
In 1914 500, $50, 1863 500. u.s. s2s lss, $40
ls45 l0, 907, 734 SO, 299, ne 27,52s, IL
1896 lie, 345, ia IO2, IA, 1893 267l2 667
l-t------ -
Average. lo3, o67 500 100, 1886, GIG 26s0s, lie
l------
In is47 they ,534 4so l5O 6a7 4e4 2347 1854
Here have amount OF imports for the last year OF
$685. 466776 above the average of the three preceding
years; and yet the nett revenue falls below the average
S3060252 The nett for the three years under the
tariff of 542 assessed upon the imports for home
ton would amount to duty of &C. 0l per cent? and
multiply the imports of s47 by that rate would give us
nett revenue of S36,032 SIS which shows falling off Of
the under the taro 1896 from what would
been under the tariff of ls42 of Sl2 95i While the
Administration and its friends camorous for loan Of
100000 they should remember that if they had not
wanony destroyed the best system which this
try enjoyed they would have had than twohds
ohat sum now the Teasuy nay thatsysem had remain
ed in force up to this day. it would completely have suppressed
ed the necessity OF this loan and have left balance in the
Treasury Here we have full illustration of the crude
dgested system of the present Administrations system
which, had it not been for the famine the eastern CONT
nen, would have overwhelmed its friends in disappointment
the imports had remained the average Of the three pre-
cedng years. the revenue under the present tariff would have
amounted to only 53l less than the
average of the three years under the Wing tariff Thus by
the miserable policy Of the Administration the best interests
Of the country have not only been sacrificed but the Govern
menl itself has been robbed of twelve millions of
time when the largest amount from ordinary would be
insufficient to meet the of the Government The re-
ceips from customs for the year S47 have only fallen off
3d. 06O 252 from the receipts of the three preceding
years, but they have fallen s67 below the Secretays
estimate submitted to Congress in December, 1876.
But it is hardly necessary point the bunders Of the
Secretary OF the Treasury to show that his estimates
entitled to very little consideration OF this, however,
may be certanthat his estimates always in conformity
asyale Il
mend his visionary schemes In his first annual report
the finances TO bring the tariff of 1912 into disrepue he
estimated the from for the year ending June
80, ls46, at S24 900; but the result showed nett
venue OF $685. showing that the Secretary estimate
ST. 2l2, 667 too low. But when he has his dar-
ling system before him, there danger Of the
side Of the question At the opening Of the last Congress
ne estimated the receipts from customs for the year ending
June ls47 1885, 73l being 81 0S7 S67 more than
eazed-the true being S23, 1884, Thus that
the Seceta ondness for his free trade system leads him into
OF 600 in year. and 600 the next
But in view Of oil these bunder and in the face of a
these facts, the Secretary says "The tariff has
been in operation than twelve MONTHS and has greatly
augmented the revenue and prosperity Of the country The
nett from duties during the twelve months ending the
LIST of December l547, under the new tariff SOL 500 900
being S. 52S 500 than il during the twelve months
preceding, under the tariff of 1912" While this statement
may be the letter, is nevertheless calculated de-
ceve the public, and is manesty unjust that should hard
ly expect to presented basis OF settled principle
grave official document The honorable Secretary could
have forgotten that in his first annual report the Goth Con-
gress he strongly recommended reduction Of Duties and
that this subject agtated for months before the passage Of
the act that the bill reported TO the House early
April H. and became law July 30 1886 Under these
cumstance know that the importers would naturally keep
back their orders in expectation Of the reduction Of duties In
this the tariff Of 1916 would operate to check mpor
taons long before il became a law And when the bill
passed, July 80, 1885, contained an express invitation
importers not 10 bring their goods into market until the
duced duties had taken effect The 9Th section Of that act
provides that all goods wares, and merchandise imported
after the passage OF this act and which may be The public
stores the I'd day Of December merit, lone day after the
tariff Of 1916 went into opeaton shall be subject 10 other
rate Of duty upon the entry thereof than if he
imported respectively after that day." Such the provision
Of the tariff act itself and requires financial wisdom TO
that during the four months which interviewed between
the passage Of the and the time when into operation,
the entries goods would be greatly reduced below the usual
standard Our merchants would exhibit that shrcwdnes
which has always been ascbed to them had they not awaited
themselves Of this opportunity OF saving eight per
cent their mportatons They would delay their orders
their vessels returned they would put their goods into
the public Stores there to remain for few weeks till the
tariff should take effect This would greatly reduce The inn
ports entries and the revenue during the
Of 1916, and throw into the following quartet imports
and which did not properly belong it, The Secre
tary himself has furnished evidence Of this fact In Of
the tables appended bis report which valuable fur
nishes evidence confue his aacies he informs
that the in the months Of October and November
1916, was only ,6ss, $50, while in October and Novem
"
favor Of the latter period Of So 800 This shows most
conclusvey that the goods which usually into the
try in the autumn either kept back not brought
into the market till after the LIST Of December when the
duccd duties took effect II further appears by the table Of
the Secretary, that the mportaons and consequently the
OF the quarter ending September 80 1916,
eray reduced by the passage Of the tariff of July of that
year. The for that quarter only &c. 1853 $780,
while the average for the quarters for the
preceding years was So S67, s25 showing falling off Of
S3,73 500 from the average This falling off in the reve-
OF the September quarter and Of the months of October
and November 1885, be accounted for other pr-
cpe than the effect of the tariff Of that year. And yet with
these facts before thcm the President Of the United States and
his free trade Secretary before the country with
parson OF the year ending December 1885, and the year end
ing December Is ls47 containing just illustration Of the
two tariff systems comparison the fallacy Of which must
be obvious to the most superficial observer.
have already shown that with increased importation Of
$780, 7sS above the average OF the three preceding years.
the Of ls47 had fallen than s3000 600 below
the average Of those years and that IL the tariff Of SAP
had been in operation during the year ls47, with the
imporaons should ave realized nett revenue Of more
than $780, 000 000 showing loss by the tariff Of sac Of
than Sl2 000 000 But the Secretary ascrbcs this in.
creased importation the reduction Of duties That the
ducon Of duties might contribute in small degree the
increased Importation ready to admit but that this is
the principal cause, acquainted with the subject
believe for single moment. The simple fact that
creased export consisted almost entirely OF provisions shows
the true Of augmented ports and exports and
unless the tariff Of 1876 had power the seasons and
tuay scattered blight mdew, and famine from its WINGS it
had but little to do wh our increased export for the last year.
But Notwithstanding these plain and papable facts the Sec
rotary informs us that the exports Of domestic products excu