Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-12-07

gooI ana dmnnton In smuggling, caused by ncreas.
ed vigilance on the part Of tho oHiccrs Tho
foreign and internal immigration the new States aud
Territories, combined With speculative In the
public lands, greatly increased the receipts from that
patcd the receipts have been greater than any previous
year.
1t also appears from the statement Of the receipts
Of tho hrst quarter OF the fiscal year 1854 that the
receipts both from customs aud ands have been great
e Tor the quarter than fair proportion OF tho estimated
receipts Tor tho year. This has grown out Of the
causes that kept up the receipts from customs and
laads for the last three quarters Of the fiscal year
1854, aided as to lauds, to extent by the effect
Of the act graduating the price. which operated favor
OF the receipts, for the latter half of the quarter
The receipts from customs for the aiming three
tiers Of the cannot be in proportion those Of the
quarter owing to the reciprocity treaty. Introducing free
trade with the British colonies and the short crops al
most all portions Of the country, which materially a.
feet the expectation OF provisions, aud the imports
tons and diminish the ability purchase and pay for
egn goods. The effect Of scarcity Of provisions, with
consumption Of other articles OF customary use aud may
be expected operate the importatons the remain.
ing three quarters Of the year. as certainly will tho
consumption Moreover United States have erioye
long period of agricultural manufacturing and commer-
cal prosperity, under extended bank aud other credit, IA
ctiee, backed by the mmense production Of gold from
the mines of California Thi, has led to large specula-
tive investments In railroads. lands, lots houses ships
stocks and other enterprises aud enhanced prices Tor
rents labor provisions, and all the neccssarie. Of ~
The bank and credit facilities have been In check
than year, with prospect of continued check whilst
the large and extended Of to be
met under recedng prices without the effect Of
new enterprises This will also act In Of mpor-
taous and consumption. In tho estimated receipts from
customs for the three remaining quarters Of tho current
fiscal year. the effects Of the reciprocity treaty reduced
mporations have been eonsdered willis. the same
causes will operate in the sale Of the public lands but the
effect of the act graduating the price has been
sufficient to keep up the receipts from the latter source
to what they for the fiscal year 1854.
The eemate Of receipts Tor the fiscal year 1856 has be
m hat
operate to reduce the mportatons and consumption of
foreign goods for the remaining three quarters Of the ,
cal 1885, will be continued through part Of the suc
ceedug year. aud senssly sec, the importation and con-
sumption Of foreign goods.
The accompanying table 5, exhibits the particulars Of
tho public debt the LIST OF July 1885, tho accom-
debt on the LIST of July. 1884, to which is appended
table exhibiting the interest paid the public debt du.
ring the fiscal year 1884, and the principal interest and
premium the part redeemed within that wear Table
exhibits the principal interest aud premium on the
public debt redeemed from the first July 1854 to the
goth Of November 1884 From these tables il appe,rs
that the sum OF S2o,O9S+22 IS OF the public debt vas
redeemed between the LIST of July 1883 and the IL, of
july 1854, aud that the interest and premium paid on
tho amour, redeemed 1886 6i5 sS aud the prin
cipal, inercs; aud premium that part the public
debt redeemed between the LIST of July 1854 ami the
10th of November 1854, was g., 6U4, POS 81.
The table, &, which accompanies this report exhibits
the tonnage engaged in our foreign and coiying trade
from the year l1S9 to the Both OF june 1885, IL wi,
be the increase for the last year has been 3Q5
20 95.
The table :, which accompanies this report exhibits
our exports and imports for the same time; and the IA.
ole S, which also aecompin this report exhibits the
reccv, d into the treasury from customs public
lands miscellaneous sources Including loans and
notes and the tariff and particular price of the publ
lands under which The sans received also the
al exp ,nreS during the period. From the table
o! exports aud imports 1t appears the Imports are
s26,32l,3l7 in OF the exports no account
b1nS tssen OF the precious metals brought in by emf.
grants. The profits on exports, and the rcich,s
earned by shps in foreign trade ought to more hau
cover this excess The exports include over s3s 900 600
OF specie and bullion exported; but whilst specie and
bullion products of LABOR in our mines they rank with
any other Pfotuct aud must into foreign trade
a. articles q commerce. aud have preulica Feet
upon the great interests of the country These tables
co;noinei exhibit the growth OF commercial marine
our exports anu imports and the receipts aud eIpend
lures Of our government and prove that the receipts into
the treasury sufficient all reasonable pendi.
lures discharge the public debt and allow reduction OF
the rate of taxation. with almost certainty that our in
crea'nS cmmeics will give increase Of revenue equal
to the reasonable demands. OF the future.
Therefore, feel il necessary again. call the attention
OF Congress to the propriey reducing the revenue or
customs so that sha received into the
treasury than Is required for economical
of the government. The reduction in INV form
" report as carried out by the bill prepared in this de.
partmen and the reduction proposed in the BILL
and reported by the Committee Of Ways aud Means of
the House OF Representatives, would each have eff cted
the object Of bringing the receipts from to the
proposed revenue standard.
The present tariff has eight schedules or diff en. rates
of Duties rs follows: The first of 100 per CENT the Sc
cond OF 10 per CENT the third Of 80 per cent the 4,h OF
% per cent the 9th OF 20 per cent, the 9th Is per
cent the 9TH OF 10 per ccut, and eight of per cent
the bill prepared by the Committee Of the House of Rep
resenatvcs has five schedules, follows The FIRST Of
loo per CENT the second Of 20 per cent the third OF Is
per the fourth Of 10 cent and the fifth OF per
cent. And the bill prepared ct this department, and
which is substantially tho reported BY the minority of
the Committee of the House of Representatives. has
two rates ofdu': The first of 100 per CENT and the
cond Of % per cent There difficulties in the execution
OF the present tariff growing Of the required clasfca
ton under the eight schedules; aud these diff uties con-
time TO increase by the acts ofthe manufacturers as
simang cliss OF goods to another anb in sceain-
ing the material Of chief value in the fabrics The fiji
cuties would be reduced under the bill OF the committee
and would entirely disappear under that proposed by the
department
The bill of the committee with the tables herewith az.
neSci, exhibits the from for the fscsI
ending June 30 1853 and what been the reve-
nue. under the tariff for the average of siI years.
including 1858, aud what would have been the receipts
for the periods under the bill of the committee ard
under the recommended by this dcpar tmen. These
tables only ncludc the enumerated articles in the bill OF
the committee, leaving the OF about 81 600 900 Of
revenue from uuenumerated articles; but they su
Client 20 explain the character OF the present tariff the
one proposed by the committee and the by the de-
partment
Herewith is aso presented exhibit 10, containing the
Tree list proposed by this department. which is added
the Eugish tariff the articles; from which il will
be seen that the English tariff makes Of these articles
free and far these articles used in the and
niuui.ctnes, most Of them free Of duty under the
laws OF other manufacturing nations. Cnder the English
tiri, the material used in the arts aud
nave been made free OF duty, whilst tariff Of 1876
imposes on those articles heavy duties and thus the
extent OF the duty on the material the Eogsh
lecturer MS decided advantage manufacturers OF
the United States III tie markets OF other naons whilst
the effect OF the tariff Of 1916 ia reduced IN our own
markets In the revision OF the tariff for the purpose Of
reducing the revenue il deemed eIpedent and proDer
TO take away the advantage accruug the
OF other countries, under their free list by making
same articles free under laws except the article
der the reciprocity treaty, wool from the British provinces
will DO admitted FREQ of duty In 1885, the impotations
OF wool and WOODEN goods amounted 49, OOO OOO
and the wool aud the value Of the wool in tho maduac
tured article, amounted TO at least 100000. This WIS
over and above the amount produced in the country
affords satisfactory evidence that sufficient wool is no
produced in the country for its consumption The con.
sumption Of wool IN the United States for the year 1853
is estimated al 1000 900 pounds Of which 10000 600
Is the production Of the country aud 900 imported
wool, and the balance Of l19, OOO, 900 imported in
manufactures OF WOOL
Tho proposed addition Of articles OF general coDsump
ton to the free list such salt was more aues
oDabe, but made because it seemed have had the
sanction OF Congess aud the people, and coffee
and thought would leave the operation of the tariff
laws equitable IN their bearing upon all sections Of
ths than al radu