Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1858-12-11

pcndilu ures. 10 would be runous to commune
10 borrow. Besides Il may be proper TO OBJ
serve that the incidental protection thus hf
forded by revenue tadH would at The pre-
sent moment to some extent increase the
confidence Of the manufacturing interests, aud
give fresh impulse to our reyivng business
TO this. surely, no ohe will object
Iffregard to the mode Of assessing and col
Letting duties under a strictly reveuue tariff
have long entertained aud often expressed the
opinion that sound policy requires that this
should be done by specific duties, IN case TO
which these can he properly applied. They
are well adapted TO commodities which are
usually sold by weight or measure, and which.
from their nature, are Of equal or nearly equal
value. Such, for example, the articles Of
iron Of different classes, raw sugar, and foreign
wines aud spirits
In my deliberate Judgment specific duties
are the best, II not the only means of secur-
ing the revenue against false and fraudulent
invoices. aud snch has been the practice n
dopted for this purpose by other commercial
nalious Besides. specific duties would afford
to the American manufacturer the incidental
advantages to which he Is fairly entitled un-
der a revenue tariff. The present system is a
sliding scale to his disadvantage. Under II,
When prices ARE high and business prosperous,
the duties rise in amount when he least re-
guires their aid.
On the contrary when prices fall, and he is
struggling against adversely, the duties are di-
miui,he in the same proportion, greatly TO
his injury. Neither would there he danger
that a higher rate Of duty than that intended
by Congress, could be levied in the fOrm of
specific duties. 1t would he easy 10 ascer-
tain the average value of any imported nrti-
Gle for series of years; and, instead Of sub
jecting it 10 an nd valOrem duty ut a certain
rate per cent, TO substitute in its place an
equivalent specific duty.
BY such AN arrangement the consumer will
not he injured. II is true, he might have TO
pay little more duty on given article in
one year; but IL so he w0uld pay little less
10 another. and in u series of years these would
counterbalance each other aud amount TO the
same .hing, so far as his interest is concerned
This Inconvenience would he triaing when
cOn,rnsted with the additional security thus
afforded against frauds upon the revenue, in
which every consumer is directly interested.
have thrown ont these suggestions as the
fruit of my own observation, to which Con
gross, in their better Judgment, will give such
weight as they may justly deserve.
The report OF the secretary Of the treasury will
explain in detail the OPERATIONS n thai de partner
VI lic E"Nt'h'hFhs Aht itNt'pis hAo wv 'V"T"-
~ from all SOURCES during the fiscal year ending
June 30th, 1880 including the treasury notes au.
thorized by the act Of December %. 1857, were
seventy million two hundred and seventy three
thousand eight hundred and slxty-nne dollars aud
fifty mine cents ($70.273, ,S69.59), which ainouni,
with the balance OF seventeen million seven hun
dred and ten thousand hundred and fourteen
dollars and twenty-seven cents ($l7,7l0, ,ll42D
remaining 10 the treasury al the commencement
of the year. made an aggregate for the service OF
the year, Of eighty-s~ven million nine hundred
ano els'y tilre "'"t iso1 so o.l9
~ y ,'.nee uo'a's a"u e's"'y ola GEMS NSo''''''-
y6J66.)
Tie public expenditures during the fiscal year
e,dpg June 9O Is5S amounted To eSi 5S5 =
&C. - - 80 e., 20, oo : - ~t;I y.
% { 'O' OF "hleh SS'or4O9 10 We.e dpp',e" 1"
the payment OF the public debt, and the Tedemp-
lion of treasury notes with The interest thereon
,i ,o ~ =; ~ : ,.a. an hi, I Issa h;nr
"a'"e :" :" ue'S"y vi 60, "k k
the commencement OF the present. hscal year,
st, ,3yS, 10.
'Ihe rec.iu,s into the ueasury during The first
ihe 'e1e'p's '"'" "e "eIeu'y uN''"s "e n's
quarter ol The present hscsl year, conimrhclng
the LIST Julys 1906, including oue-hhH OF lhe tOan
of % o. O 600. with the premium upon it, an.
~ .tS:.'I ~, ~. ~, ar Ia,h L.. Is5a o.. Sos :
asn 60 Se az ' ~ " i'..S ,H";.,,,. r., ~,
2oU,oI9'4o, ana me esllhaeu ISce'p's lOI me re-
manning three quarters to the 30ih June, 1859,
from ordinary sources. are S3S. SOC. 600. making
With lbe balance before stated. an aggregate Of
$40, ,l29, 1856.
The expenditures during the as, quarter Of the present
49,. 80 so ms los h cr which Ii 0l0 40 AZ were M
s;d ", b svsn of the nrhlic deSt and the redemn6n
s W % nss and The ;n,a,est thereon The estiatsd
,,,r tje renoi, inc a nnarters to aitJ lime
1Sbs are AZ All 6gs az .akipg an S74O6S
SOC ~ bein mn xces Of xreuduIe IeyInd the estimate
Of eel ip,o tbe treasury from ordinav sourres duling
The 6sc wear 10 the 30th June 1859 7Ol a. Ex
traorday are placed by law within The eounahd Of
ihe seSy o. 'e treas ~ ,s M ,eisge o, OF M oa a
s Inv t5s act of 5ne So % be extent of 900 600 which
realized dnag the present year, will leave balance in
the treasury July drst 19 SIos29' o.; a., A.
re S I ss2 GOO oOo Which With lie sSoye estim
nted balance Of 3S 81 make an gegate for the
vice OF the next year $50 Oia29s 81 Tie estimated ex
ior .he r S ug uns a. comn,.eS With
the einated e for that year commencing on the
LIST Of July. lSj9 Of S4O75S4 50.
In aaGii9n 70 lhS sum ~ uHe M i r i Ia ,t w.
tS 7ss Ms xpaioed In the reot of i secrctify Of the
te .sury which will ocre the estimated deficit the
Both Ja Is to ,H43Io " 10 In,ide LOT tne liy ~
mem ne :" ,,ions si ay he made by Congress not cstin
ated IN The rerort Of the Treas De, irtnet well to
pro e for the gdna demrti"n ON year I" year o ihe
outar ding treasury nqes tne &c q t, IN as viii yise
tI+ r"u cd amount tfer what hre already sad ed
scarcely add that ia the opinion expressed II bis
reot tla the pu9lc , u9t sao 1la 9s ~ @ mn son m
Oes. % te v Of anr AZ the present session, the neccs
sary provision for meeting these IA tiles,
The P9se bt on tne ist OF Ju ss ye 60 commence
H. ue NJ" rt onaer of the resent wear the sum
of OJ has been negotiated o. the loan authorized by
the c' Of lti Jure 1s5smaking tie p'e.ent outstanding
dsC eIenslse o. r uySSuf sss Ep no,c L.
sned hv antotT Of ,et Of nee "a 1857 unred eined