New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-08-12

pIooS -, imnorts,Soa. sad s5ds rus. % much more
- tts eustom e such supply from sbroad vii yisld;
and ib,refure 20 king a. the county hss me netns
Of puYchs,ing sSch iocressed qushtfy OF fo'cign
so1ss. 90 replacing tne bone proin the revenues
eip con,nne to augment instead Of Diminishing uoder
II. lorsr rstts Agsin An Increased demand Tor our
b,ssd.tu6s and provisions in Europe occaSoned oy
failure If crops there viii have the effect, under low
tarif Of inoucipg large imvoratoni, and, conse
quen,y, LANCE en- tment Of the customs. 10 the
fan, DE wear Of ls47, the customs rose eight mh1ns
above the receipts of the year mm sdistev preceding;
and ,yery deficiency Of crops sbrosd TO the extent
which IL occurs must have proportonate effect in
the some dine c'icD.
Aesn; A large ncresse in our agricultural and man.
ufaciuIiDg pro0ucts, by afordng s1rplus for ex-
portsti0n at any price which will pay transportation,
VIII have a similar effect. Again: Foreign ware, by
increasing the demand upon us for PROVISIONS, induce
a sponOng increase Of oar inportatons, and
cone spoi ding augmentation Of the revenues resulting
Again: Abundant products Of the precious metals,
by aRordrg the means Of large purchases operate
the same way.
AID seain The eystem Of railroad and other enter
p..s now in active Operston in this country, which
den ana large capital on ong dts, bring loans in
III smOuuts, IN the sh.pe Of outisb c merchsn-
disc TO we the custOms. All the causes above men,
toned except Diminished rates OF duty aud great fall
ure Of crops abroad have been in Operation upon the
curt, ns snce the cal year 1880, and we have
Il combined effect in raising the revenue derived
Tom 'hs tOurce from lees than $40 O0O 900 to over
s64 per um in the space Of four years In
the last year they fell off eleven millions, owing to the
abb eDce Of Of the causes which have noticed,
but their product still stood at tbrteer millions above
that Of year 1890, and neai s,x millions above
that Of 1872.
Alterations of tIcess and deficiency an tie reuenu'
under duties i9rer than protecttre.
From these facts and the laws Of national finance
whct they u trate it s obvious that tie ratio Of per
c.bts.e in DO, ed upon iuporte actir within a
rate raple Of offer Dces Is the least influential, and
the most likely to deceive expectation, OF al the causes
which usually affect the reveru's arising from them.
But low outi lot only dirappoitt the intention Tor
which The y are Iecommt Ldtd 10 the manner ano Tor
the reaons given, but, by their own inherent vices
they are not Only liable but Certain in desp,te OF AL
d yiIg Influences binary and extraoi cihary 70
wok nscti, vou-ly III the oppO-ite direction, IN spas
me dc alterations from 81 - deficiency.
The rst reduction of the Duties OF the act OF 1892,
provided for by the compromise OF 1888, TOOK enect
ON the LIST January 1884, a. the end OF that year
Iubhc cebt was L8ld Oft ano there was 4 balance 10
u treasury Of little les than 60 100000 In 1885,
tie revenue from custom. and the sales OF pnDc Anos
roee So 500 900 above the receipts from he same
souices IN the prec ding year. and In the year 1886
they el4 600 more, 50 that at the END OF tue
1896 tfole balance in the Treasury Of ESQ.,
100000 To dispose of tits enormous surplus OF puoc
Deys thu of go June, 1885, WAS passed. dreclng
the deposit OF sss 600 coo with the Statea But such
tendeLcy to in the syetem OF rational hnance,
nix. tho bre psrOxysIs OF the human constitution,
tpet oily pssses toto the stage OF exhaustion. Ia 1884,
tie ,e, enpe from public lands ami cutous fell to
sic 900 from Sac GOO OU0 TIE year before, and on
II october Of that year the issue oi elO OOOOOO
OF Tea NY notes authorized TO supply its de-
fc.pcy for the services of the Government. la 1889,
the 10 100000, OCO- 900 900 n two
Year,; ano i'll two years more sunk to SIS $50 600
aDOhtr fall of nearly one hundred per cent Ia Two
years.
THUS in the first three years Of the Com promise Act,
have tie whole difference between s2l 600 900 and
Sis 100000 of revenue per snuum resulting To t1e
L tasury aid III LIE lex five years The ttI greater
o1e,ep of tciue Iom sac 900 900 10 IS 80 600.
UICer The operation of the secOnd reduction, whiie
The 6ues nl"ined the same the customs tell oil from
S23 500 900 to Sl 600 OO0 aud under the opertto oil
tie tLifd educ ion, they again TO S23 OOO-
fluctuations in the reveDue which baiiled all calculation
end detuoy ed all II lance.
Sttod,ness of me Rerenue and adjustmenttO ETpeqd
uure under Prefecture T0rtBs.
Under The Tsrf Of le24 the revenue varied no more
than Fl, $4,000 900 TO s25 100000 in fur years;
and Of 1928 from S25 COO 600 to 1872 600 600
by regular increase four Year,. ULcer that OF 1912,
II cstOms from the ttpresse1 p,ldt OF Sls'oOo
coo to tie steady AID adequate oe Of s27l5OO 900 10
four year, and the receipts from the public Iands
rared only from 81 1893 1888 to So 100000.
The public expenditures during the three periods OF
these cOu paIttivey high tariffs very regularly
covered by the pational income; the first yielding
IS OOO, COO tn. second 81 600 900 and the lat s3,
900 900, fom 81 900 900 TO So OOOO 900 per annum
than the current ordinary expenss OF their re-
apective periods OF operation; amounting annually
10 than such balance IN the Treasury as 1t If
piuC mt to bold for its incidental uses.
IictAcra of the Tredsury under tie Compromise Act,
and under the Tar!G Of 1876
Under the lw Tariff Of 1873 We have first an euor-
nous ur lus in the Treasury, then large deficiency
aDd debt. nder that of 1916 we have arrived at
such surplus Of public mooeys as again calls for
relief; we have a b. lance in the Treasury nov Of
SIG Oh O. COO and threatened with its dugmenta
tlon to the an cunt of $50 Oo0O 600 in year TO COME
1t is not tended by this cont ast of the seadness
Of the under the igoest tariffs ana their hap
pier adaptation TO the,waD's OF tie Treasury, against
the unstt of the income its maadust nent
10 expenditure under the lower tariff to espouse the
rates of duty of the particular systems cited OF the
class to cond emn the stems of the other by 70
ping eeneraliz ztiou; but they arrayed here
simply to exhibit their respective workings as the
facts and figures of their history preser. them to US,
and that Trey may serve as data for the mqary be-
fore US.
Your Committee are as well aware, and feel as for
cibly as any ohector can, that where number OF
causes in existence, and cooperating IN the result
especisy when several Of them are inter dependent,
and some Of them independent Of the Others, the Diff
Gully Of determining their respective agencies great
in pioport.n TO the complex ty and diversity OF the
forces york but such difficulty in mater OF toe
imp rtance of that under investigation, only in-
The Necessity for enoeavorng 10 mud solution
The fuctua ors of the national revenue, duricg the
operation of tue low tariff, and its seaone-s under
the higher GEES occurring II constant connection 10
the sst 35 years Of our financial experience seem 10
admit of clear ar d instructive eIpla alton.
The folio vii propositions, which embrace the fac's
inv DIV, correctly and sufficiently 10 over al the o1
rative causes, Immediate and collateral, very iulIy
sstis the inquiry.
tariff of euties ranging generally below the point
Cf cd. qusfe prot cton ~ our home poducon INDUCES
large impoitations by the effect OF diminished price,
to the ,x,en to which the purchasers means are iea-
ty e Dcre ssed and TO the farther e1'ent OF supply ns
the vacancy occaoned by Withdrawing from tue ni.r
ktt The amount Of commodities OF nome production
whi,h ere excluded.
Effect Of L0T Tariffs upon the Income Jr'@Me P1'''e
Lands
in 1894, the fret yesr of the reduc ION under the
Con rro mise Act the il potts for construction rose