Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1858-12-16

the best, II not the only means OF securing the
revenue against false and fraudulent invoices,
and such has been the practice adopted for this
purpose by other commercial nations. Besides,
specific duties would afford to the American
manu- facturer the incidental advantages to which
he is fairly entitled under revenue arif. The
present system is sliding scale to his advan-
tage. Under it, when prices are high and bus
iness prosperous, the duties rise when he least
requires their aid. On the contrary. when
prices fall, and he is struggling against ADVERSE
ty, the duties are diminished in the same PRO-
portion, greatly to his injury.
Neither would there be danger that higher
rate of duty than that intended by Con.
gress could be levied in the form of spe-
cife daties. 1t would b. easy to ascertain the
average value of any imported article for a
series of years, and, instead Of suhjectng it to
ad valorem duty at a certain rate per centum,
to substitute in its place an equivalent specific
duty.
BY such an arrangement the consumer will
not be injured. 1t is true he might have to pay
a little more duty on given article in one
year; but il SO, he would pay a little less in
another, and in II series OF years these would
countcrbdlance each other. and amount to the
same as lar as his interest is concerned THIS
inconveni' nee would be trIding when contrast.
ed with tile additional security thus afforded
against frauds upon the revenue, in which every
consumer is directly interested
have thrown out these suggestions the
f.uitof my own observation, to which Congress
ia their better judgement, will give such weight
as they may justly deserve.
Tht report of the Secretary Of the Treasury
will explain in detail the operations of that de-
pdrtment of the government. The receipts into
the Treasury from all sources during the fiscal
year ending Both June, 1858, including the
Treasury notes authorized by the act of Dccem-
Der 23d, 1857, were seventy million two hundred
e and seventy-thrce thousand eight hundred and
sixty-nine dollars and filty-nine cents ESQ, 272,-
SOJ 81, which amounts with the balance oi
c seventeen millions seven hundred and ten thou
: sand one hundred and fourteen dollars and
twenty-seven cents ($l77l0, ia 27) remaining
in the Treasury ut tie commencement of the
+ year, made an aggregate for the service of the
year Of eighty. seven millions nine hundred and
e eighty three thousand nine hundred and eighty
+ three dollars and eighty-sx cents (S87 1888 983-
d S6.)
il The public expenditure during the fiscal year
e ending June &c. 1858, amounted to eighty-one
+ million five hundred and eighty-fivr thousand
IS SIX hundred and sixtyscven dollars and seventy
70 SIX cents 1881 ,585, 667 76.) of which nine mill
lg ion six hundred ard cighty-f1ur thousand five
al hundred and thirty seven dollars and ninety
y nine cents go, 64S ,531 99) were applied to the
"a payment of the public debt. and the rtdemption
1t of the Treasury notes with the interest thereon,
re leaving in the Treasury on July |, 1853, being
t. the commencement of th3 pres mt fiscal year.
y. Six million three hundred and incty.cicht
III thousand three hundred and sixteen dollars and
10 ten cents CSC, 1893 BIG 10)
= The receipts into the Treasury during the
20 first quart of the present year, commencing
y the LIST of July, 1858 including one half of the
m loan of twenty millions Of dollars with the
r. premium upon 1t, authorized by the act of 18th
u Jane. 1858. and twenty fve million two hundred
ns and thirty thousand 5ht hundred and seventy
IA nine dolarsa nd forty six cents "a % ,230 1863 4G)
y and the estimated receipts for the remaining
N" tire quarters, to the Both June, 1859, from
Do ordinary sources, are thirty weight million five
H. hundred thousand dollars, (S38 500 900, {
Its making with the balance before stated, an az
ut gregate of sevesty million one hundred and
We twenty-nne thousand ond hundred and ninety
er five dollars and ffty-six cents $50 l20, 1914 So
" The expenditures during the first quarter Of
80 the present fiscal year were twenty-one million
nj seven hundred and eight thousand one hundred
and ninety-cight dollars and tfty-onc cents
mt (92l, 709, lbs sly; of which one million and
q ten Thousand one hundred and forty-four dollars
n and thirty cents Isl ,0l0 LA 37) were ap-
rs piled to the payment of the public debt and
ne the redemption Of Treasury notes and interest
ed thereon. The estimated expenditures during
oil the remaining threc-quarters to Both June
n 1859, are fifty two million three hundred and
u fifty seven thousand six hundred and ninety
al eight dollars and forty-eight cents (s52, 1851 ;
'es 69S 49, making an aggregate of sN.nty-Gur
We million slxty-fve thousand eight hundred and
If ninety-six dollars and ninety-nine cents (S7 t.
O65, o9699,) being an excess of expenditure
eu beyond the estimated receipts into the Treasury
a' from ordinary sources, during the fiscal year t.
rs the Both June, 1859, of three millions nint
H. hundred and thirty six thousand sev n hundred
e and one dollars and forty three cents ($3, 1876,
or 70l 49, Extraordinary means are placed by
Ia law within the command of the Secretary of IT,,
y" Treasury, by the reissue of Treasury notes re
'es deemed, and by negotiating the balance of the
'aS Loan authorz ID by the act of the 18th Jun,
iii 1859, to the extent of eleven millions of dollars
e. which, if realized during the present fiscal year
ON will leave balance in the Treasury ON the frs
'p' day of July, 1859, of seven million sixty tire,
ms thousand two hundred and ninety iglt dollar
'h' and tiity-sevcn cents, (S7 .063 ,2S9 sly
~, The estimated receipts during the next fsca
rs year ending 10Th June, 1860, are sxty-tw
Us, millions OF dollars ESQ.,, 900 ,U0O) which wit!
i, the ab've estimated balance of seven mlio
,'.a sixty-three thousand two hundred and MIN ty
eight dollars and ffty-seven c.nts Isl 1868 ,5Js
81, y make an aggregate Tor the service of til
wv next fiscal year OF sixty-nnc million sxty-thre
,hu thousand two hundred and nlnety-elght dollar
leu and hltyseven cents, $3.50 0G3, 29S 81 Tn
her estimated expenditures during the next fise;
Il year, ending 3Oth June 1860, are seventy-tire
IN ri apIt
cry one hundred and forty-sevon dollars and forty
50 six cents (S73 l39, LAC 46.) which leave dafc
d. OF estimated means, compared with the est
hu- mated expenditures for that year commencing q
OF the LIST of July, 1859, of four MILL IN scv,nt,
a'e five thousand eight hundred and forty-cight do
no lars and eighty-nine cents
Use In addition to this sum, the Postmaster Gen
ia eral will require from the Treasury, for the SER
ing Ice OF the Post Office ID partment, three millJ
''S eight hundred and thirty-eight Thousand sev,
Ver hundred and twenty-esht dollars (S3 1913, 72S
an as explained in the report Of the Secretary
MI the Treasury, which will increase the estimate
deficit on the Both June. 1860 to seven milf,
per nine hundred and fourteen thousand five huhdr,
anne and venty-six dollars and cighty-nine cen
ress ($7,9 4,576So.) To provide for the rayna
the OF tins estimated deficiency. which will he i
nue. creased by such appropriations as may be ,ua,
ex- by Congress not estimated in the report of Il
len Treasury Department, as well as to provide {
her, the gradual redemption, from year t. year,
OF the outstanding Treasury notes, the Sscreia
ate, OF the Treasury recommends sucl, revision
8, u the present tariff as will raise the r,ouir
the amount After what have already std | ne
scarcely add that concur in the opinion ,
! go pressed in his report-that the public de
the should not be increased by an additional loa
This and would therefore strongly urge upon Ca
&c OF grtss the duty of making at their present 81
at SION, the necessary provision for meeting the
eat liabilities