The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-06


five since the Of 1850 to have added Atty per
cent to agricultural and manufacturing productions
we have $SOe SOS Of such p oductons ST. 1858 393
Se8 being articles of manufacture whist our ~
f foreign goods after deducng the expectations for the
s2Sa 62o 227. This large amount of agricultural aud
manufacturing productions is consumed in the seve al
Which, o y except wig. we export and ior
auctions and manufactures also consumed the cun-
Try These are all considered annual productions, anna.
ally consumed but not all strictly So there nsiaog
always stock hand for the consumption Of coming
year, which is mere less, according the and
aemand also some machinery and other articles,
II the free list shall be adopted establishing free trade
In the erial manufacturers using this raw
material and thus placed In equal competition with
he manufacturers OF other countries, viii gradually and
exclude the foreign article and reduce the
be considered that we manufacture all furnitu,e
Oh our carriages WAGONS steam engines, machinery for
shoes boots hats door butts and Of all
bells balances buckles brsds wood saws horse cards
screws, curIycombs coal hods candescks gas Atting
and burners. coffee mills oaudrons, heavy edge tools
hooks harrows Of ali Kinds, hoes hollow ware, planes
plough sad irons, taiors irons door knobs furniture
brass kettles locks Of all
1sss: sssas .ss.sS ss from re-
Ct al descriptions steel and brass scales trowels Of all
descriptions, spoons of all descriptions thermometer
tscks vices Of all descriptions axes, wrenches of all
descriptions, iron brass and copper WIRE with long
list Of other articles the exclusion of the like articles
from other countries and the six articles pro-
posed to be embraced in the additional schedule
with duty OF 70 or 80 per cent, and observe the
and that expected under the proposed revision duties
and examine the American manufacture and production
Of these articles according to the of 1910 AID
that Of 1850 with the imports of those years.
but particularly take the first article of named
in the list and that the American production aud
foreign import OF iron and manufactures iron for the
year $16 1888 145, and consider this fact in
Sat eac ssa our on ana sne TACT
tiop, has more iron imbed in her hills and valleys
than would meet the most extended use Of the tcle BY
her citizens for centuries to and the conclusion is
inevitable that the production and manufacture of
in the United States within very short period of years.
will excluce the foreign production and manufacture
Then exsmne the second article cotton in connection
With the fact, that already the American
In of the home MARKET and competing
cessuly for the foreign market, to ell thu c5arser
fabrics, aid beginning successfully the manufacture OF
the finer fablic then tafe the third article of WOOL and
give the considerable 10 the home production in
cor nexien with the foreign import and the proposed
free entry Of the material, and proceed with the
other articles of the schedule and there will hardly
main doubt Of the Sadual reduction of the
The ippor taons OF al those ar cles and also on MANY
of the anti les in the gene al schedule and the
mtnt shall continue to aw its from Customs
other articles oftaxaton must be resored to- In
TO obtain valuable data to the extent that American
manufactures possessed the home market aoe ia
part to the exclusion of foreign manufactures amongst
others letters addressed to the Hon. C. T. lame
ard the Hon. Philip Allen, of Rhode Island Mr. James
furnished most OF the foregoing enumerated acles and
has allowed me to them lar of my report They
are highly Interesting ana tend 10 establish the conclu
soDs at which have arrived Mos', If not al of the
hces proposed to be included in the schedule and
Particularly iron and manufactures of iou aud cotton
ard woolen fabrics, used to about the extent
corGing 70 the circumstances of the people, in all the
States and Territories, enc the tariff Or tax falls as
equally and fairly upon all sections it Is possible to
raise revenue IRON customs The statement No. IS
shows what the annual reveaue upon ttoee articles
has been ior the last eight years, and that the
average of the last Eve has been sS5 26
uf ho fro lInthor
aiicles except in schedule A. for tie time, has
only been $l5 49, This shows tina. the necessary
without taxing those articles and it is believed the pro-
posed tax Of rs 80 per ceat upon them would be
il one rate of duty was levied upen all importa.
ticps without discriInina ton An examination Of the
to 20 per cent would render t obvious that there is
propriey in not attempting to levy the duty up m
them as upon the articles proposed for the schedule
because they all OF general USE some being
ued in one section and some in another, although
nay be used in all.
1t may be assumed tina. all duties to certain extent
ise the price Of the imported article to the
and where similar articles produced manufactured
in the country imposing the duty to the extent which
the price the home article 1t Is pro
eeve although revenue and not prote ,tion the OBJ
e; Of Tie law Therefore tariff should be levied upon
d. ubs often the case, that the consumer doss NO
psy the whole when the foreign producer rather
than ofe the market submit to diminished price; aud
il is often the that reduction OF duty dees not
is not than sufcen. for the markets Cf the world
when export duty is imposed equivalent. or nearly
foreign altce is often affected BY the state of The cur
ency, particularly when it is mixed of gold and
silver and hank notes.
Ured Statesbat is to say, could prohoi substi
uen of bank for gold and silver in payment Of
debts and commercial transactons-the imposition of
cu'ies by Congress would have the effect TO leave the
home market to the home aIicle to the which
he tax prohibited the import of he foreign article
raised iis price,
An examination Ct the several tariffs enacted in tais
county in connection with the se OF banks bank
ing capital and bank note circu alton viii afford evl-
depce a. the increased duty has almost ia every In
stance, to extent been oounterscred, within shoot
lime, by The increased circulation OF hank notes.
The United States, with lis mixed currency of gold
silver and hank notes, has been good market for the
the general bad market or the sale OF o~n-the
foreign article taking The gold and silver The better
our bank note circulation and raising productions
to such price not 20 allow Of their expectation
les In tin es Of great foreign demand.
In conneNon with the me oifcson # the tariff In my
Ist al second reports, repeal OF the fishing bountes
report. more perfect knowledge Of the operation Of
TIE act satishes that many foreign enjoy its
benst and that Ia otherwise fruitful Of frauds the
treasury ard tails TO operate as nursery for American
The repeal Of the act is again nded
the coi siGeI alton Of Congress
The reports Of The First Second Third, Fourth Fifth
and sixth Auditors of The Treasury; the First aud
cond Comp,rolleIs; the Commissioner of Customs who
act as Comptroller OF the revenue collected from Gus.
tons the Treasurer Solicitor end Register Of the Urea
sury accompanying this report and marked from 81 to
as inclusive give satisfactory statement Of the COD
dition and operation of their respective Offices since
the cate of my last report In my first report 1t
stated that, the LIST of April 1853 there 1882,
52l 154 SO outstanding balance the books Of he
treasury, and that up to the date Of that report the
amount had been recuced TO s102 021 $40 59 and my
eccnd report stated the sarne up it's date, had been
reduced 20 1iS o. Since my last named report
this balance has been still further reduced t. the OF
$24, 80 1873 Al, which includes all outstanding the
books If the treasury from the Organization Of the gov
eminent to the present time. OF This 50 9 708 80
10 under Judgment and 81 $40 306 80 in suit not reduced
to u6gn ebt leaving the Of $12 1928 $40 go Ia the
of &C jus,ment and collection the same
is coectable by the action Of the Auditors and Comp
tIollsrs respectively in charge.
The department has made, and is making efforts to
enforce the collection ofheee outstanding balances and
that has resto ed the former practice hav
Ig the collections attended to by the Auditor and Comp
oer, whose duty II is to settle the accounts in which
those balances arise not condering the establishment
ot1 Of trea flp