The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-11-24

foreign trade. There is opportunity OF fsvorng
interests to greater extent under the specific
han under the ad raorem system of lsvying duties;
but a proper adjustment of rates upon the specific
would not increase the protective features of
the present act or do away with its character
We have put down tea aud coffee In the list Of arti
Giles upon which specific duties should be levied Seve
raj attempts have been made to place small duty
upon these articles but they have thus far been
cessful MIR Walker urged it strongly, but failed.
of three millions Of dollars could be collected
by moderate specific duty upon them and the list Of
free articles might be reduced very much, without in.
iuring any interest but much to the benefit Of the
Treasury.
As regards the present prospective deficiency in
the Treasury 1t would be better for the Secretary Of
the Treasury to apply to Congress for an act authoriz
Ing him to issue Treasury notes Of small denomina-
lions bearing nominal rate Of interest redsemable at
the muts Of the government and receivable for public
lues to an extent sufficient to provide for all contu-
yepces An issue Of twenty millions Of dollars in this
way wosd be far better than direct loan or an issue
bf Treasury notes bearing full interest 1t would
rave the government than twenty mil
lions of dollars, in the next twenty yeers in the
way of interest," it would furnish kind of currency
gerry much wanted in all parts Of the country, aud
circulation of twenty thirty millions could easily
pc sustained The government would be able to issue
these bills its necessities required; and the public
would be glad to get such circulating medium, that
ot per would be presented ut the mint fer
empton These notes would be used principally for
alliances from section of the country to another
tie regulation of balances and for payments
the government: but if the Treasury had the prvi
eye Of re- issue, the notes would Immediately be put
nto circulation again We know Of more feasible
an Than this provide for the immediate wants Of the
nsu 4 plv fsash hut de-
irabe; and the paper money nembsrs of the cabinet
au have other objection to such an issue than that
is not exactly bank Issue and that it is redeemsble
which il than be said Of the paper currency
furnished by the banks generally
The Governor Of Alabama represents the fiscal de-
arms mt Of the administration in more favorable
condition than snticipa ed The total OF receipts
and expenditures for the last two years. exclusive OF
he State debt and banks as estimated by the Tres-
yurer, were as annexed -
CHANCES OF ALABAMA RECEIPTS AND EXPENDITURES,
ls47, 1913 ls4e.
Balance in the Treasury Goth November,
1647 less Sl4 $50 OF, as explained by the
Receipts during the year ending November
4 /. 1913 exclusive Of treasury drafts from
the United States. Zeo,oio w
drafts. 80 ..................:.s sl6, s92 IS
Paid out during the same period, including
( the sum of sass, 965 SIS, exclusive OF trea-
sury drafts to S. f. Lyon, Commissioner. GA 62s 03
balance in the treasury Nov l. 1sls ... sl72,2S4 IS
Receipts during tho year ending LIST inst,
L exclusive Of treasury drafts from the U.
Z States ................. 4s7 ,9s7 So
Total means for lS49, excluding treasury
drafts. ................. $50, 252 SO
Paid out during the same period, excluding
treasury drafts. ................. 122 235 rs
Balance In the treasury November 1si9.. S53s0i6 So
This is exclusive Of the revenue from the taxes of
he present year which due the treasury the
December, which estimated at four hundred and
fifteen Thousand dollars and which will swell the
oeaps Of the State to about million OF dollars mostly
Ilowever in bills Of the State Bank aud branches.