The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1856-12-10

year, ending soth June, 1858, Is estimated
as follows:
rneon,a from Custom. $4,000, 900
,sshlc Isras COCOON
Ms.rtitaneons 9Ss,3lo
qos,,b., s7aa7s.No
a,s $3.50 an Ia, Jclv 1ss- 22sas .ls
TotLtpoon. s',,soo,sss
Balsne. former Appropriations i6,ssetss
rersonsi appropriation '.sssig
Nsx Appropriations ssksd fer ss,tos>A
-oxathsr S7i,sos,ss3
No, wanted withinyes 2e,ooe, ooo-si.soAs2s
y..aa,ed ts.nestn Treasury July /, 1855 als sas,ll
tn. pus,t, Debt, March 1855. S0s,l2SeT
subsequently, added n Taxes 115snoo
yovetb.r -. s-is7se :
paid - .Inre .ih Mach, 1883. 4, la SOS
,,sn,.,.pt sss, op,v sso,-5T,l 6
In addition to The regular funded debt, the
Indian Treaty obligations o. the Govern
ment, exclusive Of permanent annuues,
amount to Sal ,o65 5si, which 'al due IRON
term TO term, and constitute charge upon
the interior Department,
The Secretary reports that the total
Foreign trade OF the country for The hscal
year ending S0th June last
inpsrt. saSss0I
B.i.po. "a favor rui,ed STATE. si2,s.seoe
The large increase 10 the Foreign Trade
Afforded S4ss7 ,625 In customs revenue
more than the previous estimate, or S64,
oa2 500, against eos,os5,23s. The land
revenue 10 also ssl7.6l4 in excess of the
es,im ates, while the expenditures, in GLIDING
the redemption OF the public debts, are Sl,-
72l Gas In Excess of the estimates.
A revision and repeal of the duties on
Wool are again renewed and recommend
ed the present duties having been impos-
ed for the purpose OF incidentally tavoring
the production OF Domestic Wool an OBJ
iect which, he argues, they have failed to
secure. The tables which are made the
basis OF his remarks show that in 1855 we
consumed S23, 297 ,3s4 OF the manufactures
Wool more than We produced, and, esIlma-
ting the raw material as one.third the cost
We consumed S9,67s,690 of Wool more
than we produced while the raw or UNI
manufactured Woel which we import
amounted to only 81 ,940,697 The practi-
cal action is that the duty imposed on raw
Wool operates as a discrimination against
the labor and capital Of our own people.
The duties on Iron and Steel are also re-
viewed, but the conclusion arrived al Is,
that no present material change in contem-
plated, and the Secretary passes TO the sub
iect of the extension of the free list as the
means Of reducing the redundant revenue,
saw to S4s, o00, 900 or S56,o00,o00. In this
list he would include the raw materials
4 ifsh
mo this object, he holds that the enlarge
nenr OF the free list, the admission of raw
materials and reduction on some other OF
he present schedules" would give increas-
ID beneficial employment 70 our tonnage,
and increased beneficial markets 10 our
own manufactures"
The suggestions oil the last report on the
psper currency of the country are susstsn-
tally reported, and the withdrawal Of the
smalLnote currency urged as the best
means of appruximating metallic medi-
um. The remedy he leaves 70 the wisdom
of Congress or the States, by federal legis-
,atiun or an amendment 70 the Consiiru
ton.
The Secretary, after reviewing the rell-
tive advantages Of and drawbacks TO the
present system of levying duties BY ad rai-
ore,n, in contrast with the form or system Of
spec,fe spsculations, recommends the contin.
uance or the former as having the sanction
OF ten wears experience, and being famil-
isrized to the practice OF the Department
and the exports OF the Cus,om-House.
The returns of 1854, OF American Secu.
ri,ies held abroad, have been revised, and
alter assuming that pending the Russian
War, the amount Of Foreign Investments
in American stocks werr not increased, the
Secretary states that 81 4o7,5ls,s9a i, in
vested in the capital ard dent OF the United
States, the separate States, ii3 cit'es and
towns, BAT counties, ss5 bsnks, rs insu-
rance companies, $50 railroads, 10 canals
and Is miscel sneoUs corporations from
which he has returns, and that Of THIS
amount S202 ,e22 ss7 is held BY forsiga-
era.
For the thifty.two years Of the Govern
ment, from 1915 to 1856 inclusive, the cost
Of building, fitting and repairing custom
houses amounts to s9.ll6 ss7; revenue cut
ters, 81 670,o43. and collection and other
expenses attending the revenue service
SAB 2e9 1855 The two last sums make
s55 9692i3 as the Expense Of collecting
si.o2s,li6.676 81 per cent Of the pubic
fevsnue.
The losses 10 be various departments OF
The Government BY failures and defsIca-
IONS now s,asd S2s sos ,3a5 is hopele.sly
lost by the death Of the parties, without
leaving any effects The outstanding
claims are equal to abou, ~ per cent. on
slSe6,I360l4 received into the public
treasury, or e of one per cent. on the re-
ceipts and Expenditures.
The receipts and expenditures during the
past fiscal year amounted TO sl46 6S7 ,433
and were received, transferred aud paid Of
and from different points, at 4 net profit in
the operations of the Indepe dent Treasu.
ry of S4l,96S That il, the charges foi
transferring money were Sl2 GAS, and the
| premium on treasury drafts s54,924
The Secretary again calls the attention
Of Congress 70 his suggestion Of last year
| on the revision of the iaws for the regula
ton and collection OF the revenues, pursu
ant 10 resolution Of the Senate. He has
added some further amendments on the sub
ject, and reports that the proper enforce,
Gent Of the various acts from the COM
mencement Of the government demand q
general act Of revision.
Some further regulations are suggested
10 regard to the administration OF the Trus
| Funds held IN The epartmeht-Indian am
| Smiths onian-pah of which are inVestet
a the dividend paying Stocks Of som,
Of the States and of Corporations undel
State laws, the loss on which, the Secreta
y suggests, had better Be made at once, q
the Government is held responsible for tt,
| principal and interest He doubts the pro
| prety Of the federal government staudin!
the relation Of creditor To any Of the in
dyidua States which have failed in the pay
ment of The Interests on their bonds.
| synopsis OF the Postmaster Generals Report
II appears from the Postmaster General
| Report 'hct the number Of Posi0fices OF
the 30th Of June last was rs ,662. Ofthes,
339 have Cn income Of over $1,000 per an
| mum, and the Postma1ters are appointed b,
the President, subject 10 the confirmation
| Of the Senate The total compe Gsatiou q
| Postmasters was, for tho last fiscal year
| 50, lo2S00 The number OF mail route
contractors wac 372, Of mail agents 394
and Of mail messengers, l.IeS. The mai
| WA eHrYied aVar On 2Dz ,,,teu ku s..fl.,., A