New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-04

rfc.ir- Far the ,e his Ia. IN out Of 'he ssme
ceuses bat kept up 'oe tsSsps ron customs qua
lss, aided a. n lands. TO >5S.e extern. hs elect
OF the act graduating the ,. ace, wnl h operated
| favor Of tho receipts, for tho latter half of "a,
| quarter
TIE receipts rom customs for the r>msiain< tire,
quarters Of the year cannot be in pr0po lion h ths,,
Of the first qusrter, owing to the Reciprocity Treaty
introou cipg re trade with the British coloaies sai
the short crops 10 slnost ell portions Of the county
shich must materially affect the expectation OF prOvi.
sions ard the return mportations. and diminish tia
ability to purchase aud pay for foreign goods. Tbs
effect OF scarcity OF provisions with consequent
| hgh prices, has alssys been 10 diminish the coa-
SUMPTION OF other articles OF cusomAry use, and nav
be expected 10 operate the nPortsto for the re-
uaine three quarters Of the year. a. Il certainly viii
on the consumption.
Mor,ovtr. tue GIFTED States have enjoyed . ,on,
period of agricultural, manufacturing aud commsr.
cisl prosperity under extended bank and other credit
facilities backed by the immense production Of gold
from the mines Of California. This has led TO lsry,
J tueculstve investments in railroads, lands, lots
| houses .hip. stocks and other enterorses and IA
., hspe, nrines for rents. labor, provisions aud III
The pecessaies Of life. IRE bank aud credi, facilities
have been in check for more than year with pros
pect of q Continued check; while the large aud CT
fenced Indebtedness Of operators has TO be met nader
recedng prices without the stimulating effect Of new
enterprises This sil also act in restraint OF
tons and consumption.
remaining quarters Of toe current fiscal yesr the ef
sects of ,hc Reciprocity Treaty and reduced mporta
tons have seon considered; while, also the ssms
causes will operate in the sale of the public lands;
but the eff CT Of the act graduating the price has
been considered sufieient to keep up tina receipt,
from the latter TO wha they were for the fsc
year 1884.
The estimate of receipts for the fiscal year 1856 hss
been made from an expectation that ihe same causes
which will operate TO reduce the importstions and
consumption Of foreign goods for the remsinng three
quarters of the fscd year 1855, will DO continued
through part of the succeeding year aud sensibly
effect tho importation and consumption Of foreign
goods
The accompaD ing table g. exhibits the psrticu
Of the public debt the t of July, 1883 and the 40
cen panying table 4, exhibits the particulars Of the
public debt on the st OF July, 1854, to which Is sp
pended table exhibiting the interest paid on the
public debt during the fiscal year 1854, aud the prn
cipal, interest and premium, gu the part redeemed
wi hin that yea. Ta0le exhibits the priucipa ia
terest and premium on the public debt redeemed
from tho LIST July, 1854, 10 the Goth November 1854.
From these tables 1t appears that the sum Of sso,.
09s 1872 10 of the public debt redeemed between
tho let Of July, 1885, and the lat Of July, 1884 aud
that the interest and premium paid on the amount
deemed was o. 1885 80; and the prGcipd inter
It, aud premium that part of the public debt re-
deemed between the lst OF July, 1884, and the 10Th
Of November 1854 was 81 604, 203 81.
The table, g. which accompanies this report or.
hibi.s the tunnago engaged in our foreign and coast
1t will be the Increase for the last year has been
395, 1919 20-95 tuns.
The table, T. which accompanie this report, sr-
hibis our exports and imports for the same tne asd
the table ;, which also accompanies this reDort eK-
bbibts the received into the Treasury from
toms, public lands miscellaneous sources, Including
loans and treasury notes and the tariff, and particular
price Of the public lands under which the sane WA
received; also the annual expenditures during the
same period From the table Of exports and ports
il appears the Imports s632l 3l7 in OF the
exports no being taken of the precious metals
brouR bt In By emigraBs. The profits our exports,
and The frepbts canned by our ships in o,ega trade
ouah t more than this excess TIE exports ia-
cuoe over s3s 600 of specie and bullion xported
but, while specie ahd bullion are prooncts OF Isoor IN
our mines they rank with any other product and must
enter into our foreign trade a. articles of commerce
and can have preudicia Effect upon the great ia
teIests of tho country. These tables combined OK.
hibit the growth OF commercial marine, Of our
ports end imports, and the reeptS and expenditures
of our Governu ent prove that the receipts into
the Treasury sufficient to meet all
pendures dischaIeing the public debt, and alIo
ducon OF the rate u TAXATION with almost the oersaty
N at our incrt asing viii give increase Of
revenue equal TO the asonabo demands Of future
Therefore feel il necessary, again. TO call the at
entiop Of Congress to the propriety Of reducing the
rever ne from customs SO that no more money shsu
be received into the treasury Lhan il required for
economical administration OF the Government. The
reduction proposed in my former report as carried
out by the bill prepared in this department aud the
reduction proposed IN the bull prepared aud reported
by the Committee Of Ways and Mcaas Of the House
of Re prcsentsves would each have oliested the OBJ
ct Of bringing the receipts from customs to the pro-
posed revenue standard.
The pre- sent tariff has eight schedules or differeu.
rates OF duties follows The first Of 100 per cont.
ibe second of 40 per cent, the third Of 80 per cent
the fourth OF % per cent, the fifth Of 20 pee cent.
the sixth Of IS per cent the seventh OF 10 per cent
and the eight Of per cent. The bill prepared by tho
Con miitee Of the House Of Representatives has -
schedules follo~s: The fret Of 100 per cent the
second Of 20 per cent the third Of Is per cent tho
fourth Of 10 per cent aud the fifth of per cent.
And the bill prepared at this Department, aud which
il substantially the one reported by the majority u
the Committee Of the House Of Representatives, has
but two rates Of duty The first Of 100 per cent. and
the second Of 25 per cent There are difficulties ia
the execution OF the present tariff growing out OF tho
required classification w der the eight schedules aud
these difficulties continue to increase by the acts Of
the manufacture ia assimilaing class Of goods
10 another, end IN asceraning the material Of chief
value in the fabrics. The difficulties would be re-
ductd under tho bill Of fhe Committee, and would
entirely disappear under that proposed by the De-
pertinent
The bill of the Committee, with the tables herewith
sDne1ed exhibits the revenue from customs for tbs
fiscal year ending June 30, 1853 aud what has been
the revenue unoer the presen tarf for the average
of six yearr including 1853, and what would have
been the receipts for the same periods under the bill
of the Committee, and under the one recommended
by this Department These tables only include the
enumerated articles in the bill Of the Committee eaV-
ing the sum Of about - 600 900 revenue from uneau
merated articles but they are sufficient to eEpIsia
the character Of the present tariff the proposed
by the Committee and the one proposed by the De-
parment.
Here with is also presented exhibit TO- containing
the free list pre- pOsed by this Department TO which
ADDED the English tariff the same articles; from
which il will be seen that the English tariff makes
most Of these articles free; and far these art
Giles are used in the arts and maDufrctures most II
them arc zee Of duty under the laws Of other
faouTpg nations. Under he Eoglish tariff, The raw
material used 10 the arts and MANUFACTURERS have BON