The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-09

to sss and the customs received during that quar-
were stated in the estimates SIS 573,729 81. The
tar Of the Sd Of March last having gone into operation
day of that quarter the circumstances under
which considerable portion Of that amount realized
were exceptional form satisfactory guide for the
remaining quarters Of the present fiscal year. and
becomes important consideration, in view OF the pro-
babe in the treasury to meet existing appropra
tons approximate the amount of merchandise subject
duty which will be entered for consumption during that
period.
In making the estimates herewith submitted the amount
Of merchandise subject TO duty Imported during the
responding three quarters OF the last fiscal year were
taken being 500 600 600 TO which ten per
added for the annual increase had there been do disturb
rg causesgving for the amount Of merchandise payin
duty, undG the then existing tariff Of lS46 aggregate
The inquiry presents ITSELF to what extent will this
Appropriated amount Of merchandise paying duty be
diminished by the revulsion which has come upon the
country.
An answer this inquiry constitutes the serious
difficulty the way Of making an estimate Of the receipts
into tho Treasury from the customs Lookin, however,
probable exports the great resources Of coun
try its unexampied prosperity IN many branches Of IN
its and business the opinion is Expressed with
confidence that the reduction from this will not
coed twenty five per ccntum. This would bring the
amount of merchandise paying duties down about
hundred and seventy -four millions the remaining three
quarters OF present fiscal year. For several years the
rate Of duty upon all dutable merchandise by tho
tariff Of 1s46 appears 10 have been within fraction Of
twenty-five per centum which would produce on that
| amount forty three millions Of dollars.
The next point OF inquiry is: How much will this sum
be diminished by the reduced rates provided by the act
/ 8,
From the calculations made Of duties under that act
upon importatons of the last fiscal year. compared
with the amount of duty actually realized under the tariff
of 1876, appears that about quarter should be de-
Quoted for the effect of the tariff of 1857 Ten millions of
dollars have therefore, been deducted on that account
making the probable receipts from customs during the
remaining three quarters of the present fiscal year thirty
three millions which has accordingly been placed in the
| estimates.
will of course be understood that the returns of du
table merchandise, from which these differences
| drawn, are Of merchandise imported, while the Gus
tpVpc lie al rom na
disc entered for consumption In these estimates the
amount Of merchandise imported supposed to equal the
amount entered for consumption In periods OF CONNER
cial difficulty like the present, the amount Of merchan
disc imported and placed in warehouse without payment
of duty will doubt exceed the amount entered for
SUMPTION but such excess is generally temporary, and is
soon obviaed by diminished mportaons and increased
Withdrawals for consumption which restores the equil
brum without giving occasion for the discussion OF such
details in any general statement of the revenue.
The receipts from customs for the next fiscal year from
July l. 1885, to June 80 1884, will depend in great mea
sure upon the extent to which commercial and monetary
transactions shall have returned TO their ordinary channels
probable that the immediate effects OF the present re-
vulson trade will have ceased by that time and that the
usual amount of duabe merchandise will be required
for consumption The estimate submitted based on the
amount Of three hundred and seventy millions Of duabc
merchandise being the amount assumed for the present
fiscal with the usual increase and without any de-
amount the customs under the act of 1896 with the deduc
ton heretofore explained for the effect Of the tariff of Sd
March last would produce about sixty nine and one half
millions of dollars.
The annual estimates in detail, prepared by the Re-
g.er of the Treasury, presented separately by this
department These estimated expenditures divided
| into three classes
/. Balances Of unexpended appropriations which may,
and probably will be required by the respective depart
ments in the course Of the next fiscal year.
2 Expenditures under indefinite and permanent appro
prations In this class was placed the standing appro
paon made by the joint resolution of February H. 1885,
Of 81 100000 for expenses OF collecting the customs
II proposed to change this permanent appropriation for
appropriations Of increased amounts for
forth another part Of this report In the mean
time the proposition has not been sanctioned by Con-
| gross, the estimate remains in this class.
g. In the third class comprised the estimates sub
m,,ed by direction OF the several executive departments
necessary to be appropriated TO carry on the several
branches Of the public service in their charge for the next
fiscal year These three classes comprehend the estimated
expenditures for the fiscal year ending June 80 1852 as
set forth in this report. Neither these estimates
those the remainder Of the present fiscal year. include
provision for deficiencies other objects which the
several departments may ask for during the present SEES
sion any expenditure whatever which may arise
OF the original action Of Congress during the session
To meet such additional expenditures as may be required
from these sources further means must be provided.
The efficiency OF the public service, well as the secu
riy OF the public credit, requires that this department
shall be provided with means to meet lawful demands
without delay During the remainder OF the present hs-
cal year is estimated, before stated that sufficient
the ordinary outstanding appropriations But the great
bulk OF the revenue being derived from duties on mer
h ,e o cb duties u NJ reaved = mp
rey uncertain being left by law TO the option CT the i'm
porters during three years The present revuson has
caused very large portion Of the dutable merchandise
imported since il commenced 10 be warehoused without
pay ment Of duty. To what extent this practice will be
pursued during the present fiscal year Is too much mat
Of conjecture present 10 risk the public service and
the public credit upon the probability of an immediate
change in this respect It may be safely estimated that
in the course Of the present fiscal year large portion of
the merchandise now in warehouse will be withdrawn and
duties paid thereon; hut, in the meantime, adequate
for meeting lawful demands on the Treasury should
such provision should be made at earliest practical
BILE period failure Of sufficient means the Treasury
may at early day. The cxgency being regarded
temporary, the mode OF providing for should be Of
temporary character. II Is, therefore, recommended
that authority be given to this department, by Law 10 issue
treasury notes for amount not TO exceed twenty mil
lions Of dollars payable within limited time and carrying
a specified rate az interest whenever the immediate de-
mands Of the public service may call for greater amount
OF money than happen to be in the Treasury subject
10 the Trcasurer's drafts in payment of warrants.
The fact that such temporary exgency may arise from
circumstances beyond the foresight control of this de-
partmeni makes adequate provision to meet in.
| dispensabe 10 the public security.
Previous 10 the passage OF the act of March g. lsao
which requires all money receivable from customs and
other sources be paid into the Treasury without abae-
mcnt dmnuton, the whole expenses Of collecting the
revenue from customs were betrayed from the moneys
collected and the balance only was paid into the Treasury
The expenses Of collecting the customs in California
Oregon excepted from the operation Of that act by
the third section OF the act Of September Is 1850 and the
mode OF defraying the expenses of collection which
ed previous the act Of March g. lsI9 has been
qucnty continued at the custom houses on the Pacific
coast up 10 the present time.
The Joint resolution approved I4,h February 1850
makes permanent appropriation FOR the expenses Of col
iccang the customs Of one million two hundred and
twenty 1--WE thousand dollars for each half year, together
with such sums may be received for storage &c,
I'll Congress shall act upon the subject During the first
four years 81 the operation 81 the act OF the 81 March,
s4q the expenses did equal the amount OF this APP
Precipitation and considerable balance had accumulated,
which has enabled this department 20 defray the cx.
penses Of the last four years which have considerably
exceeded the amount so appropriated, a. shown by
statement marked a.
This accumulation having become entirely exhausted,
this department will not be able longer 70 defray the
penses % collecting the customs unless Congress shall now
act upon the subject.
In order that this important branch Of the public
may be conducted with prompttide and efficiency,
recommend that Congress shall at IL present session e
gsaie upon this subject, to operate from the LIST 81
January, 1855 which will put end 10 the permanent
appropriation under the joint resolution from that date
For the fiscal year ending the goth juno, 1857 the ex
penses Of collecting the customs considerably exceeded
three millions Of dollars exclusive OF those Of the ports
the Pacific coast which amounted 10 nearly half mil
lion shown by statement marked s. For the half of
the fiscal year, extending from ls January 10
both June, 1885 at least one million six hundred thousand