The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-07-23
TWO CENTS.

goods amounted 20 S294 100 s35; from which 10
deduct $40 59I 647 of goods re-exported. ind also,
that the amount Of goods In warehouse the LIST OF
July 1857 exceeded those In warehouse the LIST of
July 1856 $50 s02 $780, and 1t is fair to presume
that these twonty millions imported with avew to
the consumption Of the succeeding fiscal year, aud not
for that closing in July 1857 Making these deductions,
the amount OF dutable goods entered for consumption
last year S262 766,7 1893. If have put the aver
age rate OF duty which experience SO far has shown
that collect under the tariftat s nineteen and
fvetwelfths per cent. would have given us some
thing Ike $5I 900 900 for the last fiscal year. have
had calculation made ut the Treasury Department,
based upon the first quarters Of the present year.
and find that taking the duties which received,
and the amount Of dutable goods imported the rate
nineteen and fve-twehs per cent According to that
rate of duty, the dutiable goods imported in 1857 would
have given us $5l 900 900.
II il be said that the imports the first two three
quarters 1857 larger than they would have been,
account of the expansion think IT may bc replied
that 1t is obvious the imports for the last quarter
much less than they would have been In view OF the
tariff about to in operation but indeed, when
come to compare the exports and imports, we shall
find that they did not much vary between that year and
the two years preceding it, ind too, reference to
the department. that though the imports have dimin-
hcd very much for this year. the difference between the
exports for this fiscal year and the last not great
as would be imagined believe the difference in the
domestic exports of this year and the last for the first
three quarters is not thirtyve million dollars.
nd reference to the crisis of 1887 that although
tho imports and exports very small for 1885, yet the
succeeding year they increased very largely and that
to say from $40 900 900 to $40 900 900 In addition,
we have accounts that already large orders going out
for the fall business Be that it may, this estimate
founded the supposition that to have revival
of trade and business in the next year. II we should
have it, think 1T fair to suppose that we shall derive
revenue of $50, 900, 900 from customs alone.
But Mr. President it may be said that this exhi
bition of does not show that shall have the
ability to meet the rate Of expenditure which has been
proposed for the present fiscal year without addition
to the tariff and that all our sources of revenue can
hardly be adequate for such estimates of appropriation
Sir free to say that it will be some timethree
four years the existing Of
would meet expenditure Of seventys seventy
eight millions but at the time, think it obvious
that thore ought to be- and that there must be- reduc
ton in the expenditures of the country Why should
we expend than sixty million dollars per annum?
Why should we expend than expended in the
last year of Gen. Perces administration? Why should
expcnd than expended the last fiscal year,
which only $64, 900 900 and believe that the
sources of the country would enable to meet
expenditure to that amount For myself be-
eve if there proper economy the expenses of this
government for time to ought to ba reduced
even below sixty million dollars year but taking it at
that rate think that all the probabilities in favor
of the suppostion that the existing tariff will yield
enough of revenue together with the proceeds OF the
public lands, to cover oil that.
fnd upon looking to the past that whenever there
has been reduction OF duties wonderful impulse has
been given to the export and to the import trade of the
country The Secretary of the Treasury estimates that
the annual addition to the exports and to the imports
for they amount to about the samsafter the tariff of
1896 for ten years at the rate Of ten per cent
nd upon looking to it, that, for period of nine years,
it than ten per cent. The exports exclusive
of specie in 1s47, $l5s ,622 In 1856 the
ports, including spece--and include it since the dis
covery the mines in California because gold much
an article Of domestic production and fair subject Of
export as wheat, corn or tobacco or cotton-were
$326, ,964 sos ; showing an increase in nine years of
$lG8 3l6 28d find that the imports including specie
in ls47 $l46,645 6Ss and, including specie in
1885, S3l4 942; showing gain in imports for these
nine years. of $l6S, ,094, ,304 thus showing annual
Increase of something like eleven per cent
But il may be said that this in part owing to the
expansion of the credit system due to the discovery of
gold in California. have gone back to the period sue
ceeding the passage of the compromise BILL to what
was the effect of the reduction Of duties then and the
reduction there not so great as this. In 1888,
find that the exports 500 $50 1856 and in lS4l at
the end of eight years afterwards they SI03 $780,
236 thus showing gain of $33 685, $50 in exports
find that, in 1885, the imports sS3, ,470 067 and
in 1871, STA 776, 800 thus showing gain of $751;
306, 242, or something like six per cent year
If we take either ratio of increase, supposing that the
present tariff would give us $52, 600 900 next year, we
should find, taking either six, eleven per cent
estimated by the Secretary of the Treasury that the
present tariff would give $50 900 900, Take it
at ten per cent and it would increase $ 900 900
ally, and two years would raise to $50 900 900 Take it
at annual increase of six per cent and less than
years would raise it to that amount put sir il is fair
it seems to me- TO suppose that should at least have
the same relative increase in exports imports since the
passage of the tariff act of 1857 after the revival of
trade that had after the passage of the tariff of lS46
for the duties still lower than they at that
time and not only that, but the productive energies Of
the country constantly growing, and growing at a
ratio far exceeding the percentage of annual increase in
population. We know that cotton is destined probably
to command high price, and that its product is ncreas
ing rapidly The may be said of tobacco; and the
may be said of the bulk of the agricultural pro-
duts, although the prices have down. The same
may be said Of the export Of domestic manufactures In
order to verify this ask the attention of the Senate
comparison of the exports of cotton tobacco and man
ufactures, under high and under low duties.
In 1S47, immediately after the tariff Of ls46 went into
operation the exports of tobacco were ST. 242 0S6 and
in 1857 they to 500 206 772 nearly theeold In
lSi7 the exports Of cotton $53 AIS s4S and in
1857 were Sl3l, ,575,859; greatly than twoold
The exports of domestic manufactures in s47 $lO
35l 364 and in 1857 $50 sos, l26 nearly threcfold
fnd too that in lS45 in the State of Massachusetts,
take her the true exponent Of the manufacturing
estthe value of the cotton manufactures was SO 237
966 and in 1855 they valued $780, 464 73S; an
increase Of than eighty per cent In lsA5 in Mas
sachusetts there employed in the manufacture of
cotton twenty three Thousand and eghtyeight hands
and in 1855 there thirtysix thousand five hundred
and eightyeght increase of about sixty per cent In
woollens in that State the value manufactured in lS45
was $ll 36l 260; and in 1885, SIS 1874 233 The hands
employed were in ls45, nine thousand four hundred and
ninety; In 1855, thirteen thousand and Twenty-Five
say by reference to all this am warranted in the
hope that under the influence of this revenue system we
shall see the exports of domestic manufactures in
creasing they have done heretofore and rapidly
than they did under the old system in which there was
restrictive policy. have seen it stated upon
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