The south-western. [volume] (Shreveport, La.) 1852-1870, 1856-01-30


is to be added S24 ,485, 779, due to Indian n;
tons, and various trust funds, and payable G
time in instruments. The estimated recep
Tor the fiscal year ending 30th June, 1885, K
n ge1her with the actual balance in the treasur
lon the 1st of July, 1854, were s84, 159, $40 5,
The actual receipts were S35, 49,, 1913 o5, an
IN excess of the estimated receipts sI,178.6 sc,
The estimated expenditures for the same perio
were s64, 345,92l 81, and the actual e1per
ditures S66, 2O9, 929 o.. making an excess
expenditures over the estimate of 81 $40 OOt
The receipts for said year were s1,614,0o4 2
:. from customs less than estimated, and onl
4 IS2,765, 1874 IS more from lands than estima
. ted, and 5168, 1853 OIL less than estimated fror
miscellaneous sources The receipts into til
j. treasury from customs for the first quarter G
the fiscal year to the 3oth June, 1856, wer
ST, o85. 258 %, and 81, 554. $50 II less thai
the actual receipts of the corresponding guar
ter of the preceding year. The amount Of gold
silver and bank notes in circulation is given il
the form of table, and shows the amount o
coin in circulation for the fiscal year 1855 al
over $3.50, 600, 900, and the bank notes in cir
euIation at $4,000, 900, making a total cir
culation of s437. Ooo, 600. By this showing
the circulation of bank notes was reduced from
that of the preceding year sl7,000,ooO; but
which has since been more than recovered
The table of coinage exhibits gold and silver
If hrfilr ~ ftra IA Nc
amount Of S7O,017, o07 SO, and exports are
put down at $50, 247. 545, showing an excess
of receipts over the exports ofs13, 1854, 662 SO.
The table of exports for the fiscal year exhibit
also s5o.427, 1877 of manufactures exported,
and s26, 15s, 1868 of foreign goods exported,
exclusive of specie, and s162. ses, s4s of all
other articles, making the gross exports over
se75, 100000, against se61, 1853, $50 import
ed, showing the excess of exports over the i'm
ports to be more than SIS, 500, 600. Accord
ing to the report, our tonnage is 5,212,o0l
tens, being an excess of 4l0, 900 tons over that
OF last year The secretary remarks that:
1.-The foregoing statements prove the past and
present condition of our curraney, our tonnage,
our imports and exports, with the increasing
receipts into our national treasury from Gus
toms, and our progress in population and in
dustrial pursuits; also, that we have derived
from the customs the principal fund to pay our
annual expenditures, and from which We have
discharged the debt of our war of independence
and the war of 1879, are now discharging the
debt created during the Mexican war. They
furnish a reliable guarantee that We shall be
able to draw from the same source in future
years of peace more than an economical admin
stration of The government will require, and {
authorize reduction of duties to the amount t
of some ten or more millions Of dollars; SO ar
ranged, that by its own operation, it will be
gradual and continuous on some articles OF pre-
ent importation, and perhaps in time produce
he necessity of drawing the revenue required +
or our annual expenditures from other sources. n
This an indirect alIusion to the favorite theo- a
y of the ultra democrats, who wish to abolish :
he tariff, throw our ports open on the "free b
rade" hobby to the manufacturers, merchants
nd Spectators of the old world, and to raise
he revenue TO carry on the general govern
lent by levying direct tax on the industrial II
esources of the country. The American peo- d
will never favor such plan. Our planters Il
nd mechanics have natural antipathy to any
ing. like '.direcs" taxation. The secretary :.
1eaks of the difficulties that have been encoun- Fl
red under the tariff of 1916, in carrying out CT
5 provisions imposing different duties on the 81
embraced in the eight schedules, ?
I'D recommends that the evil be remedied, by =.
modelling and changing several of the sche
lles, so asst secure expedition, uniformity and is
onomy in the workings of the customhouses 10
e alsorecommends as one of the modes of re- ;,
icing the revenue, that the raw material used =,
our manufactures should be admitted free of
lty. He discusses the principle of the balance
trade, as exhibited in the relation between o.
e exports and imports, and says: ~5a =.sr u
eve find that in most years our imports e1- y
ed our exports, and that fact affords to some b'
e argument that our foreign trade is ruinous it
the country. The commerce of nations is
1sed on the exchange of the commodities of
e for those of another whether the exchange m
made by barter or upon sales for money and O,
lrchases for money. The exchange may not 81
al result Of equivalents on the trade of each
lth ali-the exports exchanged for the i'm
,rts, and the difference the fair profit and loss ty
j the whole. It may be, and often is, that in W
ne of war or years of short crops one>naton 3
i'll import more than she exports: that is, she i
irehases more than she sells for one ormore u
Ears, and that the profits ofone year go to pay :"
e losses of previous year or years; but no al
'untry can afford to pursue an imp1serishng d.
AIDE for long series of years. That tHVU
tates have not is manifest, because, notwith-
anding this excess Of our imports over our ex- pr
'rts, we have constantly increased in popuIa- f
On, in productions Of agriculture, manufac- Il,
res, and in all other pursuits; and added
rgely, year after year, to the fed capital of -
e country. If We consider ot imports, as a.
ken in exchange for our exports, the State e
oducing the export is entitled to credit for the w
port although the export may have been y, "
AIDE BY citizens of other States, or foreigners u
10 paid money for the article exported. Meth - i,
the census of 1910, nor that of 1850, nor 1's
at of any other data known to the depart r.
ant furnish evidence of the exchange of the 90 -,
oduetinns of zach State II he l,or He