New-York daily tribune., 1858-12-07

in cases 10 ~hch tne-e an bc proper applied. Tn :
aIe well adapted to conmvdiiie- wiz u are ususly
sod ly weglt or measure, sEc VLic,. from their
hotlic are Of equal or ncsrJ fq1a' value snch' Tor
example, ale the aicles of iron % dererL cldsoe
raw sugar. aud foreign wines and -pifts.
H. my deliberate Judgment, specific duties are the
best, il BOT the ouiy ucans Of securing tho revenue
against AXE and tiaudul-Dt iGyOccs, AID spch has
been tie pr'C'icc adopted fr THE purpose By Ct er
coumeTcia. nations. Be-Ites. specific duties would At
ioid to the American manufacturer The Dcfcetai 3D.
vantage to which he l. fairy eltied uAdcr seyeGls
tamil II pfeseI Ut system l. sliding scale 10 MS
Disadvantage. Under {, when prices arc high aud
busnesr prot perous tie duties rise in amous wheI 10
least requires their aid. Ga the contrary, whe1
prices fail and be j. struggling against adyeTsitT, the
cuiics diminished 10 the tame p'opofIon, greatly
TO lis injury.
Neither would there be danger that higher rate
Of DUTY than that Intended by Congress, could be e
Si,d IN the form Of specific duties II would be easy
10 ascertain the average value Of ary imported article
for seres of years; and instead OF sutect'ng II 20
an ad yalorem duy al certain rate per centum, to
substitute il its place equiv aient specific duty.
By such an arrangement the consumer would not De
iiuicd II II true, he might have To pay little mo'e
duty on given article 10 year; but so, be would
pay little lees in another, aud in a series OF years.
these would counter balance each other and amount TO
tie same thing, far bis Interest l. cOncernet.
The inconvenience would te trhlrg, wnen contras.ed
with TIE additional security tlus afforded against
frauds upon tle revenue, 10 which every consumer Is
directly interested.
have throsp out these suggestions the fruit Of
ny observation 10 bicb Congress, IN their better
Judgment, viii give such weight as they .ey justly
desc1ye.
The Report Of the Secretary of the Treasury will
explain in detail the OPERATIONS Of that depart
IneIt tfhe Government. Tue receipts into the Treas
ury from all sources during the isca year ending nh
June 1853 including the Treasury ties authorized by
the act Of Dec. -, 1851, were s7O,273SG9 o. whicl
eIncuIt, with the balance of sb ,'lO,il1 = remaining
III the Treasury at the commeDc tmeri OF the year,
sFg To t0Vf fis Ger a. a.
tS os3 9S3 St.
The public expenditures during the fiscal year end.
June 30 1853 amounted -. SSi 50 bO' 30, Of which
f9C5i SO ~ applied to the payment Of the pub
lic debt and the redemption Of Treasury notes with
interest thereon leaving in the Treasury July ],
1873, berg the commel cement OF the present fiscal
year. - ,3l6 10.
Tbeieceipis into the Treasury during the frs! guar
tr Of the picsort Ascal year commeucng the lst Of
Juy Isjs Including one hall Oi the loan Of s2O0JO,-
o00 with the premium upon it authorized by the
act Of June H. 1858, were 50 go so TO- aud the estl
mated receipts fOr the remaining three quarter: 70
.IITe 30, 1859, from ordinary Oufccs, are SS,1D,WO
making with the balanoe before stated, an aggregate
Of Z y, l.y, l9j -.
The expenditures during tie first quarter of the
preseIt fiscal year w,re 81 ,'Oo 1913 a, OF which
SI.0l0 III 81 applied to the payment OF the
public debt and the redemption Of Treasury notes and
tie interest thereon. The estimated expenditures
durifg the remaining three quarters, to JUth June,
1888, are $J9,3j5 ,6'o 1s, making an aggregate Of
yond the estf ated receipts into the Treasury from
ordinary sources, during the fiscal year to the JOlh
June isJ9, of S39}6,10l b. Extraordinary means are
ueCod hy law within the command Of tile Secretary
of tie Treasury by the reissue Of Treasury notes
deemed ard by negotiating the balance Of tue loan
authorized by tue act Of 18th june 1883 % the oxteut
Of $ll,UU0OOO, which, II realized during the present
fi,cal wear will leave a balance IN the Treasury,
the Let day Of July, 1883, of s. ,O6329s 81
The estimated receipts during the next fiscal year,
ending June 30 1869. so2 0OO UO, which Wltn the
abO, estimated balance Of S1,OG},2'o -, make an
yregae for the service Of the next fiscal year OF
,gO63 !aS 81. The estimated expenditure during the
next fiscal year ending June 80, 1861, are s3,lpl II
i6 which leave deficit OF estimated meaus, compared
with the estimated expenditures Tor that year, COM
meIciug on the 1T Of July, 1850, Of Sl,W5SiS ~.
IL addition TO this sum- the aster-Genera "l
requirc from the Treasury for the service Of tie Pot
Office Department $5,oJo, 126, as explained H. the
report d the Secretary Of the Treasury, which viii IN
crease the estimated deficit on the JOh OF june leOO,
s7gll516 80. To provide for the payment oi this
,etinarcd deficiency, which will be increased by such
appropriations a. may De made ~ congress, not e9'
mated iorin the report ofe Treasury Depai tment, as
wei IS 10 provide for the graaual redemption,
from year to ye6r o the outstanding Treasury notes,
the s9t1etsry Of the Treasury recommends such
revision OF the present Iari as VIII iase inc re-
quired amount. After what have already sad,
need scarcely add that concur !n the op'ni?n eA-
pressed in bis report-hat the public debt should not
be increased by an additional loan, and wouli tnere
foe strongly urge upon Congress the duty OF nihirS
at er present session. the necessary provision 10:
meeting these liabilities.
Inencen,n nj Of the present fiscal year. was 80 io','"
Go.
",irs The IRE. quarter e ;he prcecnt year the sum
G coo inn been negotiated OF the loan auth
ized by The act Oi h OF june lSJ,-maklng the pros
ent outstanding public cebt, exclusive Of Treasury
rocs $35, 1887 Go. There wis on the first OF July,
lSJ8 u Treasury notes seied by authority OF tue at
of December q, 1857, Unredeelned, the sum of
he amount Of actgs Indebtedness a; tha'
date, a59U77 -. To this VIII be added 90 cpHv Iins
the prcseut fiscal yesrthis beir the remaining half Of M oAn
Of 42oOoO, go not yet negotiated
The RAPID iDor,ae public debt, and the necessity
which for nodc alton oi the tsrt to meet even the
oIdnsy Of The Goyeiauent ought 10 adm"ni'h 10
a il our respective spheres Of duty to he practice Of rst
economy Tie objects OF expenditure snoad be Hunted
IN uunber far th!, may be practicable, and the
o. sl to be dsbrrcd under the t't sccOqntabiy In.
hgened economy not consist in The refusal to appropriate
proeSs az. yro.ey Of tie bic bot in t.ins
one Of ti. money & s,i pc wss,es Uy " Il"
sns Between expenditure OF the present
scioas The rsrd crea.c coSS;ry IN p3p
uia'ion ,ndes GorTe'P9Ias ncI.a,s of sSP5naIs' 20
ci- of erdture, AID augneims the amount elca Tor
Ihe e question: then are lave these objects been
siy multiplied ha the anon expended upon ay o su
81 n en- b. larger than compors with due ccouony Ia
e Of the Government have been Instructed % f
dloe their estimates O' the peSt hscal year - tae
a. tfy,co, and this Gu.y they have ptronned 10
pir, Of It's. economy The estimates Of the Treasury
War Navy AID Interior Departments each been IN some
degree reduced unss sudden aud unforeseen ees' ny
ho Nd arise, IL Lot anticipated thst aencency w eA
e within ihe IIeseni the neat fiscal year Tue fsi
thc her ailments snd th. shall hereafter refer.
invite Congress institute rigid scrItioy 20 ascet,ia
whether the expenses all the departments cannot be -i
further and promise them al the aid IN ny power
pursuing the investigation
tfsI smt he ports made b. the Secretaries
War navy the Interior snd Of the Postnssi"T
General They soh ooutan valuable Information and important
rtsoulu aiaih hch iuyt. the attention OF CongFt
NY sunus Message took occasion 20 recommend TIE
date contraction Of ten small steamers OF light drsug1
M the purpose increasing the efficiency Of the NsvJ Cou