Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1858-12-10

nv. when prices tall, and he j. struggling
agains, adversely, the duties are diminish
Ell in the sane proportion. greatly II hi'
injury.
Neither would there be danger that a
higher rate of duty than that intended By
Congress could BE- levied in the form Of spc
cifc duties. IL would b. easy o. ascertain
the average value OF any imported article
for series Of wears and, instead ofsuhisc.
ting IL q an al valorcm duty a, certain
rate nor ccntum, O. substitute IN ats placl
an equivalent specific duty.
b. such an Arrangement IN, consumer
will no, % injured. IL is true. be might
have 20 pay little more duty on a given
article iu one year. but Il -. hc would pay
little Ices in another, and IA series ot
years these would countcrhalance each other.
and amount o. the .lme thing - far as his
inteu,,t Is clnccrnel. Thi, Inconvenience
would be trihing when contrasted with the
additional security thus afforded against
fraud. upon the revenue. in which every
consumer y directly interested
have thrown out thcss suggestions rs
the fruit Of my own observation. 70 which
Congress. in their better Judgment, will give
such weigh As they may Justly deserve.
The report of the Secretary Of the Treas.
urv will explain in detail the operations o,
that department Of the government. The
receipts into the Treasury from al sources
durin: the fiscal year ending 3O,h June,
1855. including the Treasury notes author
ired hy the act u December %, 1857. were
a. D..
balance Of Sl7TlO,Ill -, rcmainin: in
the Ir,asury at the commencement OF the
wear. made an aggregate tyr the service OF
the year Ut So .g~3 .gS3 s..
TIE public expenditure during the fiscal
velr s1iin. June 80. 1858, amounted o.
SSl SIS. ib7 &c. q which S9.GSl $50 -
were applied o. the payment OF Ihr pubic
debt. and tho redemption % the Treasury
notes. With the interest thereon, leaving In
the Treasury on Jolly I, ISIS, hrins tie
commencement u the present fiscal year,
Sc SOS $40 10.
Toe rcctir,s int, the rrcAsury during the
frst quarter oC Oh. present fiscal year. COM
msncins the 1T July, lsjS. including one
halfol che loan ui twenty million. NJ dollars,
with the premium upon 20, authorized BY
the act ~ lith June. ISIS, were SIS $50, q
So o., and The estimated receipts Cor the
remaining thrr, quarters, O. the aoth june,
1850, from ordinary s'urc,s, ar $500
COO. making, with the hdAnce before stated,
an ac.rcgttc of S1O,lil .l9i 80.
TIE cxpenlituu's during the presen,
quarter % the present fiscal year were S2l,-
sol EOS los 81 90 which Sl,OlO,li2 81
we're applied q the payment Of the public
debt and che redemption % Treasury notes
aud the interest thereon. The c.,imlt, cX'
reuIitlrc, during the remaining thrc' quar-.
tars O. 3U,h June, 1889, are '2.a'I OBS
=. maxim. an assrccat' OF SIi,Oi5, 500 %,
beng AN cXcrs, OF expenditure, beyond the
estimated receipts into the Treasury, from
Ordinary s1urcc,. during the hs,Al wear O.
the jOth OF June. 1852, Of -, 93s,I0l -.
Extraordinary mean, arr placed by law
within the command of the Secretary of the
Treasury. by the REISSUE Of Treasury note.
rrdcemei. and hy negotiating the balance Of
the loan agthorif-l by the act Of lith June,
ISIS, g. the extent 10 eleven millions OF dol.
lar. which, II realized during the prss'ni
hs,al YEAR. will leave a balance ia the rr,a'-
ury. on the Err. Day Of July lsil, OF So
Ojj,2ls s..
Tue cstim.t,-l receipt, durin: the next
Zeal YEAR ending 2Dgh Jane, lNjD, are Sj2.-
OOO. tlO. watch. with the above estimated
balance Of - .O63 -, 81. max, an assrc-
cato Tor the s-rvicc of the next fiscal YEAR Of
SOD .O5I .2l6 So. The estimated cxprnl'
turn, duriu. the next fiscal year, ending 3u.h
jane, lSOO. are S1J,lJl,ltl 20, which
leave a dsGcit OF estimated means, compared
with the estimated expenditures Tor tina;
wear. commencing on the 1t Of July, lsiy,
u S4,O1j, SIS 50.
Ia aiIluon u this sun, the POtmAster
General will require from the treasury. Tor
the .sr,ic, OF the Post Uh,s Department.
q, SIS .12S. as explained IA the report VI
tine SECRETARY Of the rr,Asury, whicu vii
increase the estimated deficit on tIa uOth
June. l-ib, o Si,YlA,i5O 80. To provide
Tor the payment OF the estimated deficiency.
which wall De increased by such agprJprI.
ton, a, may De made by Cousrr,s, NJ, Is.
tima,cd IN the report OF the treasury De.
rartmeut. a. well - ~ provide Tor the grad
ual redemption, from year . year, " the
outstanding Treasury notes, the Secretary
of the Treasury recommends such revision
IL the present tATlG a. will RAISE the required
amount. After what have already said,
need scarcely adj that | CONCUR IN ia,
opiui1n expressed ia his rerlr,-ihli th,
puh.ic debt should not b. increased by 40
additional loan. AMI woull therefore strong
liz ursc upon Congress the duiy OF making
Al their present --sion, the necessary pro
vision fJr m,gtins tlcse liabilities.
The public debt on the 1T Of July, ISIS
the commencement % thc present. fiscal year
WAS 80, ljj,ys5 o..
Daring the hrst quarter OF the present
year, the sum OF $1,000, OJ1 has 5,la ne
..1ti4tcd u the loan authorized by the ac
of 18th Of jams. lsjs-mak,ns ;ho prcsen
outs,andil < public debt ,r1clusiyc u Iscasur.
uotr., 49,, 557 90. There va, on %,
br.t Of July, ISIS. ut treasury notes issue
by authority Of the act ot December -
Isj7. uurcisemel the sum Of Sl9I1l,sOl
-maklu.an amount OF actual Indebtedness
Al tlat date. Sjl.ylO,1s1 60. 10 tAIs vii
be added SlO.OUO.O 900 during the prcscn
6.cal y,ar-th. bsing the remaining bal
OF the loan OF S2O,OOO,OOO not yet neso'i
aIei.
The rapid incroas. OF the public debt an'
the necessity which exists Tor mobilization
Of the tariff, TO meet even the ordinary tx
penses oi the government, ought % admon
ia ms al, IN our respective spheres OF duty
I 10 the practice Of rigid economy. The 90
. pcts OF expenditure should be limited II
uunbcr, a. TAR rs this may be practicable
and the appropriations necessary to carr.
them into elicct. ought 70 be dishur,el uu
der the slriclcst accountability. Enlishten
I'd economy does no, c,nsi', IN the refusal t
appropriate money for constitutional puE
j poses. essential % thc defence, progress, an,
prosperity Of the republic, bat IN iakInl
care that none OF this money shalt he waste
. by mismanasement, IN iIsapplieai'Jn to th
obpcts designated by law.
. Comparis0ns between the annual e1pen