The Rutland herald. [volume] (Rutland, Vt.) 1850-1852, 1851-12-11

~ itli."Hi, W So &C i'NnhliN emery" ,
fu,m y .i,ar. s'tGr ani Wtt,,n sue \
d,T,cc vi civilization in ,lio.c distant,
rngr TARIFF.
In nh last annual message to which
I respectfully refer. I stated briefly the
reasons which induced me to recon.
mend II modification Of the p'esen, tar.
if. by converting the nd valorem into
specific duty. Whenever the article i'm.
porei was Of such = character as to
perrin. il. and 'lia, such a liscrimina.
ton should be made in favor If the in.
dus,r.al pursuits Of our own country, u,
10 encourage home production without
excluding foreign competition.
The numerous franls which continue
TO be praciiced upon the revenue 10y
false invoices and under valuations. con.
s,i,uie an unn,swcrabls reason for adopt
ing specific instead OF ad vnlorcln duties
in all cases where the nature OF the
commodity does not forbid it. A s,rik.
ing illustration Of these frauds will he
exhibited in the Report Of the Secretary
Of the Treasury, showing the custom
house valuation Of articles imported un.
der former law subject TO specific du.
ties, when there was no Involvement TO
differentiation, and the custom house
valuations OF the same articles. under
the present system Of ad valorern dule.
SO greatly reduced as TO leave no doub,
Of the most fragrant abuses under the
existing laws. This practical evasion
Of tho prcscn. law. combined with the
languisbing condition Of some Of the
great interests Of the country, caused
by over importA,ions, and Consequent
depressed prices and with the failure in
obtaining n foreign market for our in
creasing surplus OF breads,uhs and pro.
visions. has induced me to again rec.
ommrnd u modification of the existing
tariff.
Tie aggregate receipts for the last
FISK al year were S52,3l2,973,s7. with
the balance on hand Mt the commences
mcnf. making the means Of the treasury
for the year SjS,3l7,J24,36, agains,
S4S ,OO5 1880.
The imports Of the year ending Jane
80. 1851. were s2l5.725 .995, Of which
81 o67.9ul were in specie. The cx.
ports. were s2l7,jI7.l30. Of which
SI735iG,Gjj were domestic, and So.
73S.G9j, foreign products Specie ex-
ported s29. 23l.SS0.
Since December last the payments
Of principal Of the deb; were s750l.-
4j6,5G, which is inclusive OF $3.242, 400
paid under the 18Th article of the treaty
Will, Mexico, and 81 .59l, 2l3,i As awards
under the late treaty with Mexico.
The public debt, exclusive of stock,
au'horizal to be issued to Taxes, was
SC2.JG0, 1926.
The receipts for the next fiscal year,
IRE estimated at S5l 100000, making,
with The balance on hand. the available
means of the year Sc 25S,743,O9.
| The expenditures are estimated at
s42.892,299,l9, Of which $33,3i3.l9S
arc for ordinary purposes of govern
ment. and $3.50. l0o,ll for purposes
consequent upnn the acquisition Of ter
,'i,ory from Mexico.
| ITS c-t'"iate'I tHat tier, vii, b..
uneppropriat"d balance al s2o.3j6 4i3
81 in the Treasury on the 30th Of June
1852. to meet Sc 237,93l.3 So Of public
debt due an the lst of July following.
The value Of tho domestic export,
for the year ending June -. 1851,
show an increase of si3,jlG,32!. which
is owing to tho hyn price Of Cotton
during the first half of the year, aud
the price Of which has since declined
onA-h half.
The value OF the exports Of breal-
stuff: is only s2l,9iS,6j3 against s26,.
OIL 373 in 1850, and $6S.70I OBJ in
lSH-our largest year Of exports in
that department Of trade. In rice the
decrease this n, compared with last year
in the exports is $iG9,9l7, which with
the decrease in the value Of tobacco cx.
ported, makes an aggregate decrease in
the two articles Of 81, lJG.1jl.
From these promises the President
draws the conclusion tina. the favorable
results anticipated by the advocates o.
free trade from the adoption o. that
policy have not been realized.
Should the cotton crop now gong
forward be equal to tina. OF last year
and be sold at present prices. it viii
realize S40,000,OO0 less than last year
: Or nearly the whole amoanl Of the in
Il .