Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1858-12-22

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ID 9aa II 60 sss 80 80
estpzaEiss 40 "a
81 ~ lgu NIL sss aeka |
i Z. s q.
- lamd II ID vAims h0waxms. Ne dis
xaiss rs Eaek from as.rsaZzes. sAak )
spenulglEge snAAsi0n Oh nug anrTaney,
wishont corresponding inaaaion In eth
Ct countries waaaa aaAnsfaa1aras aezss
Into competition wiah euF owa, nuas or /
81 pspaaea aisassxona reaulsa Ia anK pwa |
aosasasia manafaesaFes, No aariH, shovs
oe ahaeluse psvAlbitiens can pRavpaa
sAsse evil cemaq maness.
II oonneelion wilh this snhjecs, II i
uFWgag ~ FsR@r ~ unx AHMzsssss wvnsl sR@zas
Tie sasne causes Mhiah hare pE0aneeA
pseanfagY iii tEsss kalEa szzak tszz= &c. &C.,
frgs hava ID reduced shs aaaaant az ipl-
pcras from k0reign aaunkgiass ahaa tEa
Tsvenne has pfuvad Insasqmate VI meet
khn necessary expresses ok tbs govegn-
menk 70 supply khs aeaosenoy. Goa
grasa, by ksse ac& az ths 90 Ia ~ Decamhsw,
1857 authorised kha Issns Of 50 Geo Coo
ef treasury notes ard Ills preyiag u.
adequate, shey authorised, ~ ehs Ace o.
Jane I&lhs 1885, loan Ak 80 GO 900
sss0 be applied q The psymsns 81 appEo-
pgiatacns nads BIZ lasf. y
Ne statesmen would advise, that ws
should "a 90 inaraasiag the National
dahk 10 meet the ordimaFy expenses OF
tbs government, This would Be most
Eninoas policy, Ia case af var, oar
credit muss be eRx chief resources ct
least for tia arss year. and this would
be greatly impaired By having aonEFaes-
cd large deht IN time az psase. = is
onr sFsls policy, 70 increase oar revenue
10 ne TO equal or expenditures. IL
wonld be ruinans 10 continue to borrow.
| Besides, Il may be proper 10 observe,
that khs ineidsntal Profession, thas af-
f0xded by FsFenae sariH, would az the
peasens maments Ia soma extent, increase
sha condolences or the manufacturing in
| serssts, and gre fresh impulss % our
reyiying business. To this, surely no
person viii object.
In regard 10 the mode of assessing and
| collecting duties under strictly revenue
tariff, have long entertained and often
expressed the opinion, THAI sound policy
requires shis should be dons By specific
duties, ia cases to which thsss can be
properly applied. They ara veil adapt.
ed 10 commodities which are usually
sold By weight or measure, and which,
from thsir nature, ara Of equal or OF
RaarEy equal valns. Sueh, for example,
are tha articles Of iron Of different
classes, raw sugar, and foreign wines
aud GplFass,
In my deliberate Judgment, spssiio
duties are shs best, IL NOT the only means
Of securing tho revenue against false aad
fraudulent Invoices, and such has been
| the practice adopted for this papOse by
other commercial nations. Bssldas,
speeihe duties would afford to the Amer
iean manufacturer tha accidental adgan-
tAgaa to which he is fairly entitled an
| der revenue tariff. The present system
| IL sliding a0sls 70 his disadvaataEo.---
Under It, when prices are high and bu-
siness prosperous, the duties rise in
amount when he least requires their aid.
0n the contrary, when prices fall, and
he is struggling against adversely, the
duties are diminished in the same pro-
portion, greatly to his injury.
Neither would thsss be danger that a
higher rate af duty than thai intended
/ By Congress. could be levied in tha form
Of spssiia duties. IL would be easy TO
ascertain the average valRa Of any ina
ported article for series Of years; and
instead Of sahjsctiRg is 90 al al palo-
rss duty 81 certain rate per eeutam,
70 sabstituts in its place an equivalent
specific duty.
By such a. arrangement the consumer
would not be injured, II is seas, no
night hare 70 pay little less a anotb-
CT, ana IN q series OF years theae would
countsrbalanea each other, and amount
70 the same thing so Ear a. his interest
is concerned. This imaongenieaee waald
be triAiag, whsR ooassrasted With the
additional security shas Afforded against
frauds apoa The revenue, in which every
consumer Is directly interested.
| | have thrown out these suggestions as
tbs fruit Of my own observation, to
vsasfxzas c.r4zEzn Ia sfsazfs
will give such weight a. they may justly
deserve.
The report Of she Secretary Of the
Treasury will e2pla q in detail the ope-
rasions Of that department OF the gov
eFnmsnt. The Feseipts into the treasu.
n from ell sources during the fiscal year
ending S0th June, 1858, including the
| treasury notes Authorised By the act oil
December 23d, 1887, we're 80, 1913 ,SS9-
So which amoans with the balance OF
t@lT,Il0,ll4 n remaining Ia the treaau-
IEy al the commencement Of the year,
made 80 aggregate FOR Ehs service OF the
year of SS7 ,9S3, 9s3 Sc.
The public expenditures during the
fiscal year ending June 80, 1858. amou o.
ted % S8l ,5s5 sol rs, Of which So.
6S4, 53T 80 we're applied to the payment
Of The public debt, aad the RECEPTION Of
treasury notes With The insarest thereon,
lsaViag IN the treasury OBJ July /, 1883,
being the CONNIE teenlent Of sh6 present
fiscal fiscal year, 80 ,5q8, 3l6 10.
The receipts into treasury, during the
frst quarter of the present fiscal year,
commencing the lss July, 1858, inclu-
ding oue-hslf % ths ioan Of the loan Of
twsnty millions Of dollars, with the pre-.
miam upon it, authorised By tds aea OF
l4Lh June, 1858, were SIS ,2s0, 87g 46,
and the estimated receipts for The re.
naming three quarters 70 the 30th June,
1883, from ordinary sources, are S5S, =
so, 900, makings with the balance be.
/ fore stated. an aggregate OF go, i29, :
| Ig5 So.
The expenditures, during the arss
lqaarter Of the present Rseal year, we're
| S2i ,70s, 1873 81, Of which 81 ,0t0, 142,.
81 were applied 70 the payment Of the
public debt aud the redemption % treas.
nry notes and tbs interest thereon. The
estimated expenditures, during the re.
mAing three quarters 10 S0fh June, 1859,
are 81, 81 ,69S s., making an aRgre-
gass Of ST4, O65 ,s9o 80, hsing 50 excess
Eof expenditure, beyond the eatimatsd re-
eaipts into the treasury from ordinary
sources, daring the fiscal wear Cd the 80
June, 1859, Of 1895 sol as. Extra.
ordinary means are placed By Law with
IN the command Of The Secretary Of the
/ Treasury, BY the reissue Of tFeasnry
notss redeemed, aud By negotiating the
balance Of the loan authorised By che
act Of 14Eh june, 1853, to the extent Of
slevsn millions of dollars, whioh, IL re-
allied during che present fiscal year will
leave balance ia the treasury. on the
arss day Of July, 1859, Of VI DDS ,ggs 81.
The estimated receipt during che next
fiscal ysar snding 30sh Jane, 1850, are
s62 ,000; 200, which, with the above sssi-
mated balance Of S7 ,06s s229S 81, make
"a aggregate for the sssyice 0f The next
fiscal year, Of 800 .2g3 ST.. The estl-
nstsd expenditures daring she next as
azi year ending Sch June, 1850, are
81. 1879 lat ~, which Isave d daacis ca
estimated means, compared with the CO.
simaisd expenditures Tor that year, CON.
- al - g.mF& a7NNn