Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1858-12-14

,,,rsd interest and cine 4 fresh impulse
g 6ur reviyiue business, 10 this, sure
In. no person win object.
In reeard ID LII. mode Of assessing and
and collecting duties under strictly rev.
enue tariff. / bavc lorg entertained and
often expressed Che opinion that sound
pol;cy requires this should be done by
specific duties. in cases 10 which these
can be promptly applied. They are well
fadapted to commodities which are usually
sold BIZ weight Or BY measure, and which,
from their nature. are of equal Or Of
nearly equal value. Such. for example,
] are the articles Of iron Of different classes,
Iraw sugar, and foreign wines. and spir-
Its,
in my deliberate judgement, specific
duties are lhe best, if notlthe only means
Of securing tho revenue against false and
fraudulent invoices; and such has been
!. the practice adopted for this purpose by
oLhor commercial nations Besides, spe-
cifc dulles, would afford to the Ameri-
can manufacturers tho Incidental adyen-
ltagcs 70 which lie is fairl5 entitled under
lalreyeDue tariff
# TbepFesent system is a sliding scale
to his disadvantages. Under il, when
4 prices are high and business prosperous,
the duties rise III amount when he least
!. requires their aid. On The contrary,
when prices fall, and lie is struggling
against adversely, the dulles are dimin,
ished in the sanlo, proportion, greasly e
A hisinjury, t.sl .b4.i.l ~ EaelJ 5
i Neither would there ID danger that q
higher rated dnfy4 than that inleuded By
Congress, could DO levied iii the form d
! specific duties. 1t wouldEbe easy To- as
certain the average value IL any imported
Larticle for sefies Of years; and, instead
-ltof subjectingriG to an adralprem duty ali
certain rate per eentnm, y substitute il
its placa n equivalent speci6ddaty. 81
By such az Al tangemept, the consum.
Ter would not BIO injured. l. is true, he
mi NJ have TO apay . little more daty 81
a given article in one years but il SO, b.
wouldpay q little less in abiether, and il
4 a series of years these would countepbal
2 ance each other. and amouDt 10 the sam,
!; thing, 80 far as his interest is concerned
This ineonyeniencet would Be triHing
: when contrasted with tho additional Sc
! curity thus afforded against frauds uper
The revenue. in which every consumer j.
directly interested. A
Isl,aye thrown ont these Suggestion.
as the fruit Of nysown observation, L
which Congress, ID their bestar Judge
!, mept, win give such weigh as they may
justly deserve. !. ts.4
The report Of the Secretary of lht
Treasury will explain in detail the opera
tons Of chat department. The receipt,
into the treasury from al sources, during
/; the fiscal year ending s0tl June, 1858
including the treasury notes authorized
!, by The Act Of December Is, 1853, wert
seventy million two hundred and seventy
three thousand eight bundre.l and sixty
nine dollars. and iifty-nino cents, (S76,-
273,869 50, which amount, with the
balance Of seventeen million seven hun.
bred and ten thousand one hundred and
fourteen dollars and twenty seven cents
-tI7,7I0,Il4 q, remainingin tho treas.
ury at The COMMENCEMENT Of the year D
eighty -seyen million nine hnndIed and
: eighty three thousand nine hundred and
lhreo dollars and eighty six cents, (87,,
& 983,905, &c.
The public expenditures during The
: fiscal year ending june So 1853, a.
, mounted 10 S8l,585, G67. 49, Of which
$9,6S1,5S7, 10. were applied % the pay
rncnt Of the public debt, and tile rsdemp
! ftion of treasury notes; with tho interes
thereon, leaving IN The treasury on july
], 1883, being the eommencenent Of The
present fiscal year, S6, 500. Ala 10.
The receipts into the treasury, during
the FIRST quarter Of the present Escal year
commencing the Isl, July, 1858, includ
ling one-half of The loan Of twenty millior
FOR dollars. with tho premium Upon ii, aul.
sfthorized by the act of 18th. Juno, 1855
were twenty-five millions two hundred
and thirty thousand eight hundred and
fseventy.nine dollars and forty-six cents
(S25, csc, $50, 40. and the estimated re-
eaipts for the remaining threesquarters IA
the 5oth June, 1850, from ordinary
q sources are thirtyreight million five hun.
bred thousand dollars, ($3S. 500, 900, /
making, with the balance before stated
an aggregate Of seventy million one hun.
bred and twenty mine THOUSAND one hun.
dred and ninety FIVE dollars and thirty
six cents, (7o. %. 1876 SOL
q The expenditures, during tie Isl quar-
: ter of the present fiscal year. were S2i,-
7o8.i98 81 Of which 81 ,0i0,I49 81
were applied to the payment Of the public
|, debt, and the redemption of treasury notes
and the interest thereon.
The estimated expenditures during the
|, remaining three quarters 10 tie 30th Of
. June, 1859, are $52, 357 ,698 MA, making
an aggregate Of $74, oB5, 1885, SO, being
4 excess Of expenditure, beyond the esti.
mated receipts4into the treasury from or
dinafy sources, during The fiscal year ID
the 3Oth june, 1859 Of l$3, 9S6, sol As.
i Extraordinary means are placed by law
within the command Of the Secretary d
|, Che Treasury, by the reEissueof treasury
notes redeemed, and BY negotiating. lie
balance Of the loan authorized by llle acl
Of 18th June, 1855, 10 the extent Of olev.
en- million Of dollars, which, if realized
!, during the present fiscal year. will leave
balance in the treasury, on fhe first day
| Of July, 1889, Of 81, 065, 298 81.
IL TIM