True American. [volume] (Steubenville [Ohio]) 1855-1861, 1858-12-15

houltles which are usually sold by weight
Or by measure, aud which, from their ma.
fure, are Of equal or Of nearly equal value.
Su3h, for instance, are the articles Of iron
Of different Glasses, raw sugar, and foreign
wines and spirits.
In mydeliberate judgment, specific du-
ties are the best, If 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 du-
ties would afford to the American manu-
facturer the incidental advantages to which
he is fairly entitled under revenue tariff.
The present system is sliding scale to
his disadvantage. Under it, when prices
are high and business prosperous, the duties
rise in amount when he least requires their
aid. On the contrary, when prices fall,
and he is struggling against adversely, the
duties are diminished in the same proper!
ton, greatly to his injury.
Neither would there DO danger that a
higher, rate of duty than that intended by
Congress, could be levied in the form Of
specific duties. 1t would be easy to ascer-
tain the average value Of any imported ar.
ticle for series ofyears; and, instead Of
subjecting it to on advalorem duty at a
certain rate per Centum, to substitute in its
place an equivalent specific duty.
By such an arrangement the consumer
would not be injured. It is true he might
have to pay little more duty on given
article 10 one year; but if so, be would pay
little less in another, and iu series OF
years these would dcounterbalance each other
and amount to the same thing, 80 far as
his interest is concerned. This inconve.
nience would be triAing when contrasted
with the additional security thus afforded
against frauds upon the revenue, in which
} every consumer is directly interested.
have thrown out these suggestions as
the fruit of my own observation, to which
: Congress, in their better judgment, will
give such weight as they may justly dc.
serve.
The report of the Secretary Of the Treas-
ury will explain in detail the operations Of
that department. The receipts into the
Treasury from all sources, during the fiscal
year ending 3Oth June, 1858, including
i the treasury notes authorized by the act Of
December 29, 1858, were seventy million
: two hundred and seventy three thousand
0 eight hundred and sixty-nine dollars and
. fifty. nine cents, (s79, ,373, 1863 59,) which
j amount, with the balance Of seventeen
s million seven hundred aud ten thousand
= one hundred and fourteen dollars and twenty
d seven cents, ,(s17,7lO, 27, } remaining in
n the threasury at the commencement of
r the year, made an aggregate for the service
a of the year of eighty seven million nine
I hundred and eighty-three thousand nine
a hundred and three dollars and eighty-six
d cents, (87,9S3,9O3 86.)
n The public expenditure during the fiscal
year ending june 80, 1858, amounted to
e SS1, 1885, 76, of which S9,694,537 80
o were applied to the payment Of the public
l. debt and the redemption of the treasury
J. notes, with theinterest thereon, leaving in
'e the treasury, on July l, 1858, being the
% commencement of the present fiscal year,
e, $6,30S,316 10.
e, The receipts into the treasury during the
e. lst quarter of the present fiscal year, coma
TO mencing July l, 1858, including one half
Is Of the loan of twenty millions dollars,
al with the premium upon it, authorized by
1t the act of 18th June, 1853, were twenty
five millions two hundred and thirty thouS
a. sand eight hundred and seventy,nine doll
a lars and forty-six cents, and the estimated
< receipts for the remaining three quarters
or to the Both June, 1859, from ordinary
al sources, are thirty-eight million five hum
Id dred thousand dollars, making with the
he balance before stated, an aggregate Of sew
ot enty million one hundred and twenty nine
'lr thousand one hundred and ninety five
co dollars and thirty six cents.
I'D The expenditures during the first quar-
ter of the present fiscal year, were $2l,'
w 7O9,l9S 81, Of which 81, ,01O,l42 81 were
he applied to the payment Of the public debt
tn and the redemption of the treasury notes
nc and the interest thereon.
OF The estimOted expenditures during tht
tai remaining three quarters to S0th June
es; 1859, are $52, 1857, ,698 Al, making an ag
m gregate of S74, ,O65,S9 SO, being an excess
on of expenditure, beyond the estimated re
be ceipts into the treasury, from ordinary
nd sources, during the fiscal year to the 3Otf
IN. June, 1859, of So 1886, ,9O1 43. ~.
OF Extraordinary means are placed by laV
er. within the command of the Secretary Of tn
ID. Treasury, by the reissue Of treasury,note
act redeemed, and by negotiating the balanc
on Of the loan authorized by the act Of l4tl
ng June, 1858, to the extent Of eleven mil
lu' lions Of dollars, which, if realized durinl
,ur the present fiscal year, will leave o balanc
lts in the treasury, on the first day Of July
rift 1859, of 81, ,063, ,29S 81. .. 3, ..ar:.
'nt The estimated receipts during the mex
ion fcal year, ending 3Oth June, 1859, ar
to sixty,two million of dollars (62,OO0,0OO,
ses which, with the above estimated balanC
ess Of seven millions aizty-three thousand tw
'ed hundred and ninety eight dollars and fft,
ln' seven cents, make an aggregate for th
de- service Of the next fiscal year Of 1853, ,O63,
Of 29S ST. The estimated expenditures du
cy, ring the next fiscal year, ending 30th Jun
m 1860, are S73, ,139, ,l47 46, which leaves
w. deficit Of estimated means, compared wit
ing the estimated expenditures for that yea
Of Of commencing on the 1st Of July, 1859, Q
90, S4,075,s48 SO. -
ria. In addition to this sum, the Po4maste
General will require from the Treasury
we for the service of the Post Office Depart
eOt ment thraa nillinn ai0hk hmm rod an