The southern press. [volume] (Washington City [i.e. Washington, D.C.]) 1850-1852, 1851-12-11
sII,lOI.SO5 81
296,546 SO

sll,l0I. 805 81
N. NoURsE, Acting Register.
Treasury Department, Registers Office,
October 81, 1851.
Our fiscal year commences on the first OF
July every year, and terminates on the 30th of
June in the year succeeding. Now, the official re.
suits, for the first quarter Of the present fiscal
year, commencing on the LIST of July last, and
terminating on the 30th Of September last, are
as follows: The revenue from duties alone, for
the first quarter, is l4.754 909 dollars-or a.
the rate OF 59.0l92l9 dollars per annum. Our
total revenue from all sources, for that quarter,
was 60000 900 dollars or at the rate Of g..
100000 dollars a year. Our surplus, during
that quarter, of receipts over expenditures,
amour ted to 4500,OO0 dollars-or, ut the rate
of l8 100000 dollars year. Now, as our whole
debt is but $4,000 900 dollars, such a surplus,
if continued annually for four years, would
leave Us then Gas we have been twice before)
without debt and lead necessarily 10 another
reduction of duties Cheers Oar average
annual exports, under tho reduced tai iff Of
1916, were l6l, c46 1873 dollars. Our average an.
nual exports, under the high tariff of lS42, were
los 920,4l2 dollars. The average annual differ.
ence in the amour Of our exports between the
tariffs of 1912 and 1876, was 55526 $40 dollars
Our exports for the last fiscal year Of the tariff
for the Last fiscal year, under the tariff Of 1916
were (as given in the Protec ion journals) 1876,
s9S,650 dollars, showing difference. in one
year, 10 favor of our reduced tariff, of 824l0,.
1874 dollars. The increased per centage Of our
exports, comparing the results under these two
last fiscal years Of the tariffs Of 1919 and 1916
was 70 3. 5ths per cent, whilst our population
increased, In the meantime, only 1914 per cent !;
showing an increase Of our exports in nearly
four times As great a ratio as that Of our popu
lation. Applause. Well. gentlemen, the excess
Of our export of breadstufFs ard provisions from
1916 to 1880, under the tariff Of 1876, over the
four years preceding under the tariff Of lS42,
was 99,5S6 624 dollars and for three years, un.
der both tariff, striking out the year Of famine
and n corresponding year under the old tariff.
the difference in favor Of the new system wa
$4,000 900 dollars. Applause.l And, gentle-
men, when | see 1t stated in your own oficia
returns that, without any decided augmentation
of the population Of the United Kingdom, you
consume now some nine or ten millions of
quarters more Of grain per annum, than you did
before che repeal Of your corn laws hear =
| believe, gentlemen, that your population do
not eat too much now, and, therefore,, must
conclude that under the former system they did
not eat enough Hear, hear, laughter and ap
plause II is said, by the opponents Of our
own reduced tariff, that our imports have ex.
ceeded our exports too much, under the act OF
l846. IL is said in my country, by the pro
tectionists, that under our reduced tariff, we
took too large an amount Of British manufac:
lures, thereby, | presume, INJECTING a terrible
injury upon England. Laughter and applause.
Our imports, according TO the protection Jur
nails Of America, for the Last & cal wear, ending
30th June, 1851, were 1928 O57 $50, and our
exports for the same time were 3 1875 S9S, $50.
the difference being 1877 1853 $40, or about 81
per cent on the aggregate Of our Imports and
exports. Nov, this is said 10 be an uniavorable
balance Of trade. But we mu { bear in mind
that our exports are given at their home value,
namely. the value which they bear at New
York, New Orleans, and our other shipping
ports. Hear, hear. Well, gentlemen, sup
pose the Yankee nation don't raise and ship
these exports for nothing. We make large
profit, as indicated by our high rate Of interest
and rapidly increasing wealth Hear hear,
Experience has shown this profit on our export
TO be about 10 per cent, which would amount.
for 1851, to Sl9,5s9 S65. Then, gentlemen,
we don't carry suppo e, imports or exports
in American vessels without receiving The
freights. Experience has shown that sum, for
such an aggregate ms is given for the year 1851
TO he ut least twenty millions of dollars, which
added to the profit on our exports, leaves clear
balance in our favor Of $l2,43l ,255, after de-
Quoting the S27 1881 Clio before gwen Oui
total imports, for the last FIVE wears, nnder the.
reduced tariff OF 1886, were $3.50 STA 1871. and
our exports, for the same time, Sso62s3 943
showing an excess, In these five years, Ut i'm
ports over exports, Of S44,34o,7SS, or 8 18th
per cent on our imports.