Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1853-12-23
G6,2GG,G04 CO
5l,OGO,277 -

sources for he fiscal GEAR ending
June 80, 1858, &C, ?GG, ,CO4 CO
The estimated expenditures for the
same year are 5l,OGO,277 u
Leaving an estimated balance in the
treasury, July !, lnGj, of Slj,20C,32I 80
To be increased about ten millions by that part Of
the appropriation not expended within the year and
subject to an, reduction tE9t ma be made in the
tarif for half the year. to any which may be
applied to the public debt during the year
The public debt the Isl Of July,
1872, was T2,40l ,0S7 -
The sums paid for redemption Of the
public debt during the fiscal year
ending June 80, 1853, and the pre-
MUM &c, were G,30i sos 10
Premium on the same, S420, ,40S "a since
which time. and up to 81 December, 1888,
the public debt has been reduced to 500 3d.
l57 81.
The imports of the fiscal year lSG3, nclu
ding specie, have been S261 .91S, G41 and the
exports haye been $3.50, ,4j2 250. A fair csti-
mate for profits on our exports and the freight
of our vessels, would bring this account i'll
our favor.
1t is believed that the receipts of the fiscal
year 1865 will be sufficient to meet the cx-
pcnditures Of the year and Il reasonable pur
chase Of the public uebt, and justify rcduc-
ton Of the duties, by adding to the free list,
and reducing the tax upon many other ar
tcles of importation. The list ofarticlcs now
subject to duty, which the Secretary of the
Trcasury proposes to add to the free list, is en-
braccd under about l41 heads. These articles
produced last wear II revenue to the amount
of 81 Dol 900. They include nearly all those
which are taxed at and 10 per cent, andall
those ut - per cent. Among the largest
items proposed to be repealed, are the duty on
linens, the amount of which last year WAS
81. .T60 900; thai en- wines, amounting to
SS4j .060; on tin, amounting to 500 900 ;
on steal, Si27 900 ; on salt, S2lO 900, and on
books, Sl4I 900.
The 100 per cent duty list remains un-
changed, consisting chiefly of brandy and cor
dials. OF the duties proposed to be reduced
to % yer cent, S24 PSI 900 consists of those
now at the rate of 20 per cent and 81, l43,-
600 at 40 per cent The amount of reduction
on these two classes being S3,GS3 400, and
the total reduction being ! ! ,324.SSO. This
will leave an estimated remaining revenue OF
$40 ,062 ,51S.
1t is not proposed to reduce the duties to a
point below S45 900 900 from customs until
the public debt is paid. The change now
proposed in the rate of duty rs designed to
take effect from and after the lst January,
1855.
ihC PNol't''l l''l''N' " 'l'''''N So
Of an ad yalorem duty on iron
The table of tonnage shows that eur ton
mage is now 4 ,407 ,02O tons, and exceeds that
of any preceding year by 2GS 900 tons.
The table exhibiting the operations of the
mint shows the entire coinage to 3lst of Oc-
tobcr last to have been S370OOS, ,l92 80 ; the
gold coinage, from the LIST january to the 3 lst
October of the year 1853, to have hecn S46,-
99S ,945 60, and the silver coinage $500,
225, and proves an active and growing de-
mand for gold and silver ~ II currency for
actual use while the imports of gold and
silver, including what is brought to the At
lantic from California, without estimating
for that brought in by emigrants, compared
with the exports of gold and silver UfQye that
within four years, the large amount Of Sl35,-
972,09j - has been added to the gold and
silver coin remaining in the country. Should
this increase continue for bat short term OF
years, this country will be able to dispense
with banks of iss4e, ard their attendant evils
and have the gold and silver cGrFGncy contcm
plated by the constitution.
1t is thought that coinage of AN alloy re-
sembling German silver may he beneliciall>
substituted for the copper, and experiment.
to that end have been directed
The branch mint at San Fr]ncisco has beer
contracted for. To be furnished and ready fo
the coinage of $50 200 200 per snuum by thu