The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1859-03-24

same time, two concurrent embarrassment Ia making up
the estimates submitted In his report Of 1867 he netg
nrg 9fls5I GndH Tia yeOA'ioa gfAa year. He saw the diff
hcultes which surrounded him, and Ina that report called
the attention Of Congress TO them, aud invoked sits own
Judgment upon the credit TO which they were entitled, "
| extract from page 6 Of the report on the finances Of
1887 the language Of the Secretary
"n Is dimeult at all times to estimate In advance the probable re-
celpts into The treasury for the next one aud two years, Our reye,
entered al the custom-ho1ses for consumption, the amount is nsces.
sahly dependent not oaly upon all those causes which affect trade and
people in the purchase Of such merchandise for consumption,
Ordinarily an approximation can be made 10 the probable result,
provided no unlocked for cause shall intervene 10 disturb the usual
course Of trade and consumption.
lon Of the uncertainty Of all such estimates from the operation Of IN.
foreseen causes which eKerta controlling influence over the revenue
when the estimates for the present fiscal year were made TO tho
the material change IL the rates 4 duty, which were among lis i as
acts, or the present revusion in trade and commerce, both which
difference between his estimates and those now submitted With
. a1s ! e sihD1 ' Of he :" pTOb "a E" Ecoe y ! h ESlg 1anloa 70 ' The
tariff act OF March 3, 1857, has not been in operation long enough 70
tcst its effects upon the revenue, even under ordinary circumstances
Simultaneous with this act going into operation, tho country Is sub
iectedto disastrous reyglsion. To what extent inportauons would
have been affected by II, had there been no revulsion in trade and
commerce, is now as much a matter of conjecture as it was before
the passage OF the act Experience has thrown no light on the sub
Ject The probability Is, that Il would, 70 a limited extent, have IN
creased importations, though not 10 the extent OF supplying tho den
"In submitting To Congress, under these circumstances, estimates
OF the receipts for the present and the next fiscal year, IL Is deemed
proper to accompany them with a statement OF Facts and principles
is own judgment upon the credit 10 which they are entitled
now sr, i ASK Wha' y the pasis % 'hese at'acAs 7
tute Of foundation ! OF oil his predecessors, none, in the
Judgment u the county hralaSou .ne Impairment win
more nueii'y ahu npihty thah u; uu.hlei yt .hnt JUS
uhsusheu onucor' IN s' una ~ sne year ehuinS oo'h
3l0, when they reached, in fact, but the sum of S46,-
o~ot,ooo-mahihg q uhioienoe y noie chah eHoooo,ooo'
. nc was oSsnn"'inB unue. .' a .iim = ptop-
CT W .aho n'o .ho ha,ser "n'on
the importations Of the year ending the 30th june, 1857,
IL ID estimated wouiu hase nnaue " ~ VI 9li,ooo,-
ooo. Deduclhg 'hae from Io'ooo'ovo' amu we nave a
variance pet"eeh ms oaiouiauons anu II so'uai ieoeipSs
VI morE .hah 9.o'ooViooo' n'ea ~, oopo' "Ih
the aaVah'asc' ~ 10 y VI u uaie " - upon' o.F
maieu ID ieCeipes VI '"1 SAINT y0a, !. up"aiue % oo'i
Voo'ooo, smu ~ e oW "'o''oV'Vo0' nn"A"e"
disparity Oh 9i i,ooo'vov'
n VIZ Iiepoit " .nc sino ", onoe lmi uu"iiey
he estimated that there would be In the treasury on the
isl oi July, 1000 @fo'''o,'io' 'neic ~ q ueheohey
OF sloooo' 4oo-Haihe a niscacua,ion 70 ene anou
Oh So',ool, 100 Deouctihs aSmh iiiooo,ooo vi 's
alnerehce between ue ab oi 100. anu .las " LOW anu
we still have a disparity OF more imam sao 'ooo,ooo. MT.
CoDD estimated mat tnere Mouia 10 IL u ueasu'y on
the = ouiy, iooo, $1,000 surplus II iesus Wn a
denciehcy IL io'9oo4oo- huns a'ailap,eoi io,'o
900. ohuersuahu me, MI. ohiihniii, 4 nhaho 0haiSo
upon the late mead u 'he treasury. l "ouid . Piuch
a aufel rom nls "enreatheo iaine' I SNOW ~ 'n1
he dd not ana cohiu NOT iofesee ue Crisis =. 1901 NY
OBJECT Is Simply 70 Vihoica,e y p,esent oecte.iy, ny
comparing him with one OF the most able and distinguished
OF his predecessors, ana showing uia' ne, Win some ~.
vantage OF s'anu-polnt, ~ Is uue, approAinaea mueh
nearer .he iesuit 'hah uu 'ha' pieueoessoi' aoie -" u'
tnguisheu as ne was.
but now stahuS .he case VIII ths nnaiioieis VI .h's
House, with those VINO would lead opinion ana conuoi
ao' iu" niN ~ In' n a W. $50 -
NETT may DC cohsiueIeu as az representative Vi one
class, the men who think the Secretary has under-esti-
mated the revenue and the gentleman from Pennsyl-
vania, Mr.. PHILLIPS, as the representative man OF the
other wing OF the democracy, OF those who would have
the tariff increased, and whothink the Secretary has over
estimated the incoming receipts. II is really amusing to
note the wonderful disparity between them. With both,
"the wish, l am afraid, 's father to the Thought.
Both have assumed the character OF advocates, endeayor-
ing to advance each his own theory, and failed, despite
themselves, perhaps, to consider the SUBJECT WIN the I'M
Partially Of judges, and with a single desire to seek for
truth. The former gentleman THINKS that there VIII De
a surplus OF "oyer eighteen millions ut the commence
meht Q u mex. hSeal yen' w m - y ~ .h : m ELL -
ms couVictioh, hhu iaihPaiit hh iMo aoh ma "''S
will be q deficit OF precisely 4 6,g04,3ib ana thus we
find these gentlemen differing to the extent of the very
tr;a;nr e,,n of naorIy s65 0Oo oOOi Ono mr. the other
'"na' '"" 1 an unn 80, -. r..
must DE greatly at iauit any bney WIZ pauoh me, am
sure. for the suggestion, that however inaccurate the
o,,;r,,tos of tba Secondary immediately following the
'iin" ~ 6 ,oE7 80 I;,noo nj, ba rIacoJ ana
nouetuy o.'oi9 Aoo'i h"0
should be placed, by Congress and the country, upon es-
Inmates of that officer, made now, under more favorable
a., -, a. voo,o o,o,lat;ons and m
circumstances, WA upon wy ''s"e W"
certain guesses Oh Ben'leHen, az "eit miolh'eo az 'uoy
are, but who have placed between themselves the wide
ayr; Of S65 OOO 0oO ~ ,- .aHI
"%as 80 uat .aat a.tounHnu ooIo,,,Hor ,,bnrab,
ho ends tbo treasurv bank,,,pt on the LIST day of july.
Isen 10 tba amount of more than s4S 00O. 600 the gen.
49,, f,nn pennsyIv,ni, has done The Secretary of the
Tsaasury tba orosscst Injustice He saws that tbe Secre-
go a,u of The Treasury finds n balance there on the 30tb of
~ 1890 ~ Ga 224 67O % and adds
- 49,, .n,n.,, ,n,, ~ on,hs d ,bo onr,,o u rraor
tn hal Sllll Il Nibt tt tblbtI VI tt t'nlbhitt' W NJiNl-