The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1854-12-20

,lsor5!ai nso ,isdi sjomOIg o. gn'quL yi'st
o. fsb.Bods IoiJjga ssgi9sNsdi bsh woh
bnE sis,buC2sqOlg ylsssIs vi aiig .I9b.pod,
sent, There are difiSeltiss in tbe oexecu
ton Of the present tariff growing out OF th,
required classification under the eight seized
l-dlesi and these difficulties eontinde to p IN
crease byIthe acts ofdhs maihfseturers in
assim llating one class Of goods to, another
and in asceTtaining the material Of chief val.
ne in the fabrics. The difficulties. would
be reduced under the bill of the committee
and would, entirely disappear under that pro,
posed by the department - lo4 .sldado1a
lo Under the English, tariff, the raw ,materi
al used in the arts and manufactures has
been made free OF duty. whilst our thrift o
1876 imposes on those articles heavy duties
and thus,a TO the extent of the duty OR8rnE
material, the EDglish manufacturer has q
decided advantage of manufacturers Of the
United States in the markets or other ma
tons, whilst the effects OF the tariff or 1916
is reduced'in our own market. ssI % siaagis
In the revision of the tariff for the pup-
pose of reducing the revenue. it was deemed
expedent and proper to take away the ad-
vahtages accruing to the manufacturers Of
other countries, under their free lists, BY
4Rakipg the same caFticles free under our
laws, except as to the article of wool, aud
as to that article on the coarser wools.-, Un.
der the reciprocity treaty, wool from The
British provinces will be admitted free OF
duty. .iigaT S8i "a Ysh7c i9ls3a eiGI Eai
n IN II 1859 the importations Of wool aud
woolen goods amounted to over $50 900 600,
and The wool and the value of the wool in
the manufactured articles amounted to at
least $l0,000,O00. or This was over and
above the amount produced in the~eountry,
and affords, satisfactory, evidence that su6i-
cient wool is not produced in the country
for its consumption. The consumption Of
wobi lin the Unaed States for the year 1858
is isestimated at 300 ,OO0; 900 pounds, OF which
60,0o0,0Qo is the production Of the celn-
try, and 2l00O,000 imported as wool, and
the balance Of '119 100000 imported in the
manufactures of'wOol. tt"H '''lti '"s5'''
The proposed addition of articles of gen.
eral consumption to the freeclst, such as
salt, &C., was deemed more questionable,
But was made because it seemed to have
had the sanction of Congress and the peo-
Pile, as to- tea and coffee, and il was thought
would leave the operation of the tariff laws
more equitable in their bearings upon all
sections Of the country than general re-
duction on all articles. The addition of un-
adulterated wineswas made to promote our
commercial intercourse with wine produc-
ing. countries, .s,;5 ..a ssh. ..gfr.y ,.
The merits Of the bill OF the Committee
Of the House Representatives and that sub
mHted by the Department are contrasted
and discussed, and Advantages claimed for
the latter, The Secretary, upon, mature re,
fection, is satisfied that the schedule of 40
per cent. should have been retained, keep
ing ID 1t Wines manufactured or adutera-
ted not made free, and adding to it silks of
all kinds, laces of all kinds, millinery of all
kind, and other sumptuary articles; and he
now recommends that, in revising the tariff,
such a schedule, specifying the articles be
added. e"hs'-jHW Easr5 9rF g. -o." ~
1.-The reciprocity treaty will make articles
duty free, to the annual amonnt of 81 ,524,-
457 40, re ucng the annual revenue by that
sum. He also recommends the repeal of
the fishing bountes, and the subject ef draw
back dUties on refined sugar is recommend
ed to the consideration of Congress. The
same. principle would require like drawbacks
on all exported orticIes on which there is q
duty on the raw material used in their man
0facture. g".P." hJ s'r'f12B' .t'. s.1.
The report then gives summary state.
ment Of the, reports of the First, Second,
Third, Fourth. Fifth and Sixth Auditors,
and Of the First .and Second .Comptrollers,
and the Commissioner Of Customs. They
exhibit "A fair statement of the operations
and condition of their respective, Offices
They are all in good order, and the current
business is promptly and, it is believed, cor.
rectIy done. Various suggestions With re-
gard,to additional force and increased office
accommodations in these departments are
made s,..;... E... ......o,,. iii, .- ......
The system Of monthly accounts from the
collectors Of customs, and the statement
thereof within the succeeding month, at the
Treaspys has been fully carried out, with
few, exceptions, upon the Pacific, and the
accounts are, being rendered and settled with
great dispatch. The benefits growing out
of this system, to the public, and the officers
Of the revenue, is more manifest the longer
it is enforced. o5.-.. .... ,a'aa
The department has caused the collectors
Offices in all ports to be examined within
the year, with but few exceptions, by agents
of the departments, in order to ascertain
how their books and accounts were kept,
and, by personal inspection, how the official
corps discharged their duties. This has
been attended with good results,
Under the act Of 1853, there had been
SIG, 152,lTo Of silver coined at the mint in
Philade lphial and branch mint ut New Or.
leans, and circulated In, the, various prrts, .ot
the country. Tables are given furnishing
estimates made by Secretaries; of the Treas
0ry and others, Uf thesainouiit =of gold ant
silvercoin in ihe country at different peri
,pds, and give the amount on the 30th of Sep
tember, 1854, at .$24l 900 900. Of thi
sum there was about $50 100000 in tn,
lBahks, and $26,0oo,0 the United State.
7 Treasury; the rest being, ini circulatioi
iamopg the peopiesor boarded up. .ose sat
/ 10 1t appears from the report on the. bank
| from this department submitted to Congress
on the 9th of Mays 1858, that in lS50L'5l
there were $40 banks9 in the United States
owitha capital of $22TsSo7 .533, and7in 1856;
I,rr',54 there, were1l ,29S banks, with, a scapi
'$7S, ,94S,5s8!n ~ '7'H'o 90 E.'"9ieq2" =
Ps6Tn l85U-'5f, the circulation Of the 81.
banks was $l55, l55, 1851, deposits $l28,957,
7l2; due to other banks $46,4ll,928, ant
together Ss3O ,6s9, ,s9ls aad.in Js5e-'4 th,
AcIculatiol, of, the LAOS, banks was $204,
| F689,2o7, the del osits $l8S, lS8, ,744,, an,
there wac due to other banks $50, ,322,, ,,it2