The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-14
ported and the amount Of collected In each 81
the past seven years.
CoxAlRcE OF TEE UNITED SrATEs-hPoKTs AND RyyKUL

The value of merchandise imported into the United
States during year ending June 80 1853 was enc han
bred and thirty FIVE million Of dollars greater than during
the year ending June So ls4 In about years the
imports have than doubled in value. The amount
of revenue from duties Imports collected during the
year ending June 80 1853 thirty millions Of dol
lars reater than the year ending June &c. 1847 II is
impossible contemplate this state of things without
becoming thoroughly convinced that cannot 90
much longer the track, without smash ap The
mportatons Of the past four or five have
piled up surplus in the hands Of the Treasurer
and Assistant Of the United States Of more than
thirty Millions of dollars We remarked few days since,
that this evil could only be corrected through the tariff
It has not been caused by that act further than the
rate Of duty such Imports being too large
certain results naturally followed Any tariff would have
produced similar results We must look about and
if there not going to be such changes the credit sys
tenn win do away with the necessity of modifying the
tariff any farther than substituting the specific for the
ad valorem principle in the collection Of imposts Tsur
Eve years Of enourmsusy expanded credit has ed
the country with asofs Of foreign manufactures and all
sorts of extravagancs and folly have been the result
this imitation of credits could DO maintained it would be
necessary to reduce materially the average II duty
that importation Of two hundred and fifty millions
Of dollars would give corresponding nearl
y with the actual expenditures the general
government But this is not likely TO last The mate.
rial used for the payment Of foreign goods sash an inn
extent has been exhausted and we must fall back
ups natural resources. For time at least eur TO-
reign trade must be regulated by natural laws and We
must look for important decrease the aggregate
value.
Under the tariff act Of 1s4s IL requires an importa
ton Of nearly two hundred millions TO give suff-
Gent revenue and any modification Of that ast
must be approached with = great deal Of caution.
The surplus revenue is evil, bat we may bring
about greater by too hasty legislation. In 1885 we
had large surplus revenue and such the anxiety to
get rid of it that An act distributing it among the differ.
States passed by Congress- and carried int eject
In than five years from that time the Treasury Of the
United States bankrupt, and since, loan Of more
than sixty millions Of dollars has been contracted We
may make similar mistake again and the experience Of
should not be without its influence upon Legis
lators As much Of burden the present surplus Is
Objectionable such accumulation cannot but "
and Notwithstanding the loud complaints from the
mercia classes calm careful review Of the past, WITH
provisions for the future should be considered b.
fore decided movement is taken. The thirty niens II
the Treasury may prove stumbling block to the press
Secretary Of the He s under authority puN
cha sing the government debt ut premium and the
plus IN this way kept its present it but Il
Is question in circles II this policy net posr
one as sends cut Of the country large amount Of
specie which would otherwise remain for time longer,
at least among as if locked in the vaults Of the
Sub Treasury.