Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1848-12-29

appears in detail by
accompanying statement
TIE estimated exp-ndI-
tnrrs during the other three
Qnuter5, from October l,
i-4 = Ia Jane 10. l-la are:
ciy fist, foreign inter.
ons IL l6o 1854 81
Arm, proper sc l046i,e,9 so
FouiGca,ions. ordnance,
arniug militia, Sc., lH4n,os1 ~
rod,an drpar ment, I,5s9. 1888 ID
Pensions, l-s,ao 10
Naval establishment, 6,Oe9, v32 So
Ia,-,s.t puoi,c deb, and
Treasury aotes, o,zco,4Ss %
Treasury notes outstand-
ing, and payable wnen =,
presented, Lucy d =. ,os org ne
II i.s1 0a'A"s' :" sass. 6s4 "a
The es,imael receipts and expenditures Tor
The fiscal year commencing July |, lS49. aGd
From Gu .oms ~ wv s3a,ooo,ooO 90
- ,nhi;c Iap3s 5000 900 90
E,om m,acsIianeous soufcss 4D0 900 90
Add baance In the Treasury July l, ls49, 1853 Gsi 81
Total means, as estimated, Sjs,2o3,Usi ca
The Expenditures during 'be same period, as
estimated by lhe several Depsr menis ot State,
Treasury, War. Navy, ami Postmaster General
are
The Daances OF former appropriations
which will be required 10 be expended - 80, ,,- %
Permanent aud indefinite APP opr:.....s 5297 .5i2
Specific appropriations asked Tor this year, 2loS t2 W
sss 2ls, l5a 70
TINS sum is composed OF the following pa I'll
cuiars:
CIV; l.sl, foreign intercourse, and mseel- oo =,
lans0ua, @s,S1,.. &c o. .,
Fo,ticatlons, ordnance, aiming militia, -
Ind,n l,oartment LIZA uls IS
psnsinns l.45s.4M M
N.va, ssrs h,.bment 935S R57 IS
Interest ON public debt and treasury notes, 3799 lug 50
ss,ala.i5a 70
Leaving balance in Tho Treasury, Isl Ju-
~. 1850, o'4o'o1s ~
81, 253 694 81
This statement shows balance in The Frea-
sury on The 3Oth OF June, IS49, OF g o53 69i "a
and b,iance in The Treasury on the 30n jane,
1850, OF S., 040 $40 IL.
Ia The estimated expenditures for the year end
,ng ON the 10Th June, 1850, are included balances
of approp ,aiicns amounting 10 The sum c1 S3 io2-
SGT ~. a considerable portion OF which may not
be required
Unless new and extraordinary expenditures are
authorized by Congress- no further loans wal oe
required, and the public debi may De reduced
The whole nett revenue from duties during the
entire period Of four years and three monlns ~
the operation Of The tariff OF 1912. (pef table D,)
was SOL, 554 653 II. being an annual average" 81
S23s95 2O5 3d. The nett revenue received from
The tariff Of l54G, during lis entire oneraii'n from
the Isl OF Dsceroher, 1876 10 SON September,
l845. wa' (per table +, 500 oof ooo -, OF Az
average OF $50 900. 4S9 % per annun, being an
average OF $500, 2S9 % more per anaum, under
the tarif uf 1915, than there was received under
the ;aiih ;! 1912 The melt revenue iof The hfs'
hscai year nnser he tariff ot 1916 was (ner iaoe
Al S3,.77557 ,O70 60, (beng S751O7O 90 more
Than ne estimate oil This Deparlment,l and inns
amount you'll go on augmenins every year IN.
der mis- act, 9Th favorable state OF foreign CON-
merce aud Industry IN ratio Al least as greai
as'the increase oi our population.
AS the nigh du'ies under he act OF lo42 were
rao,dly SUBS .,,ulns The domestic articles aud ex-
clud,ng the foreign rival, the revenue must have
declined. II, however, The acl OF IS49 had yield
cd The average revenue received during the penod
of It's actual operation, this We have seen, would
have been an annual loss OF upwards OF seven
million. OF dollars as compared win Inc averagr
revenue OF The tariff OF 1916. With such re-
suit. instead OF large surplus on The sub o
Juoe. 1850. there would have been an addition 0!
more than twenty-five millions Of doli.rs to onF
national debt wnch must have gone on rdpdlj
increasing reanriag 10 ;iae OF peace new ar
large ioaus 20 b: negotiated. II also The proceeds
OF Inc sales of the public lands Were taken from
me Tiea>ar; Tor ci,ribUtion among me Staes,
the ausmeaa; n u The debt and accGma'd'ins
interest would nave been sli!l more rdpi1 AM
alarming.
From this disastrous condition we have been
saved ny the Tariff Of 1876; yield NJ from redn
ced taxes an average excess thus far oil more
,han s.yen millions of dollars over the average
rscrio,s from the Tariff Of 1912. Had that ac
renamed in force during The war, from di
m,n,shed revenue, the loans must have beer
greatly augmented IN amount, with small am
declining income, aud, in,lead OF emium>
realizei, large discounts must have been allow
al. That the revenue would have declined, re-
suits from the position Of The protection'st-
that by continuing the system few years, the,
would supply the whole homo market with the
protected mes,c articles, wien the foreign
importation must cease, and the revenue also.
The result, then, OF protection mist be the an
mini alton oil the foreign import Trade OF the
COUNTRY, so far As CARDS protected products -
wi,h trc exclusion or d'mouion oil imports
the xports mu,i cease, ar be reduced for 10
reign Lstions could not buy them. We export
ed al yr (per table Fl Sl30 2O3 109, III
valu of domestic products aud fabric, eSciu
size OF specie, aud unJer low duties this must
GO on augncntins. But how caa foreign couh
tries pay tor these exports n we viii take n"
Imports, or very isw, IN return! Clearly our
exports must III time cease, or fall TO very
small su u, the foreign markets must be destroy
CD and the price Of or staple exports OF cotton,
Of rice, Of tobacco, of breadstufs and pro-
visions must decline; for we cannot take the re
turn 10 specie fro, n abroad without exhausting
thc>e markets 10 single yeac, nor can we con-
sumo c. ho@c - a2ga.eating surplus. The
British empire (pcr table G. took from us-not
durn, :..e year of famine, as il is called, Of
lS47, but IN 1850 our domestic exports, in
cludiog cotton, to5acc4 rice, breadsiuHs and
PROVISIONS, and other domestic articles, exclu
s,ve OF specie, TO the value of S75, TAI 4l6, and
Great Britein - 'ei4lG c. .hc Ta.Gc o. s64,
222. 26s and this is the trade of our best 10
reign customer, which Protec'ionisls propose ie
sacrince hs high or prob 5itory dulles. II the
Tariff of laa2 gradually excluded, as it must
nearly ali G;i,lsh fabrics, coulC they take SIS,
74l,Ai6 in value Of our e: ris, W list We
VIC. - 'see from .a...l ia oXcaAnse scarcely an,
thing bu, spcc:ei Such trade would exhaus
G-sa: Britain of her surplus specie in single
year, and leave her nothiog with which TO pur
chase our exports; and so in regard to all othe
na,.oos. Thus would so our foreign markets
IL oomni zee aud revenue, and With them our car
szsxrring Ira6., 1ad ouf vessels and steamships
nd remain at the wharyes without freight
importation of Protected articles woult
Acrease when the foreign were high il
specific duties operated as proec
3he tariff OF iS42, from Al to 2i3 pc
She a, compiled from Treasury re.
ID VIDA. mus, not have been tie de
borta,ion and revenue when lae 10
Hell, as it has in uiany cases, nifty
hsiug uplhe specific duty from Al Il
b DAB TO ABS per cent? This fact il
Gnotnsksa hin,tiop TO the specific duiy
zk.k1 rNnfoe ha stat