The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1868-06-16

consider the necessary and probable ex.
penditures of the Government for the
next fiscal year, and secondly. the rev
enue which may he legitimately expect
ed during the same period.
The appropriation bills for the next
fiscal year which have passed or are
now pending are as follows:
Deficiency bill f~enate No s2o), passed. si2s5e,l9s
Deteiency bill Senate, contingent, No.
Deficiency bill, (reconstrac:ion, No.
Relief bin District Of Columbia, March
IOl PASSED l. 600
Military Academy, passed -. 2s4004
Consnl4r and aiploma,ic passed. ..... 1906 434
Post Office, passed d........-......... l,54'.OaO
peasians, pending g................ :. 10000 .009
Arns pending. g.................. 33.03l,si3
Navy, pending g.......-.....--.....-. II, .00,0 900
Legis atve, executive and judiciary,
pending ............. is sso,672
Sundry civil expenditures. pending -. 6,,20 375
Indian, pending Observation-Disclosures. 2,50a, 900
Rvea and harbos, pending 6,0SO090
Deficiency bill. pending 1,9 1850
Miscellaneous, incluiiug appropriations
for New York City Post Office, private
bills and Judgment Of Court OF Claims.
estimated ......,......-........ 100000
Permanent appropriations fos collecting
the revenue, &c. 9o9,000
Total. sl5o,27a,si8
Interest on the; public deat...... -. l2s 67s, ,o7s
Totai.......E ........ $2is,9 l.4a5
EXTRAORDINARY EXPENDITURES.
Bounties estimated. d..-....--.......-s 40, 900
Alaska .......-... .......-...... 7,203,0
Total. =. ss27, ,s5i ,445
To this aggregate there should siso be
added over er-lapping appropfia sn'ns
heretofore made that will not be ex-
landed till next year................S 24,669,1Si
Making total p, obabte expenditure dur
lag the next fiscal year, for winch rev.
enre must be provided, OF ... s629
REVENUE To MEET THE ABOVE ESTIMATE
FOR EXPENDITURES.
The following receipts may be estimated
Customs St6500a, 900
1t is difficult to imagine contingency
which shall for the present reduce the
customs receipts below the above figures.
IF the average annual gold value of i'm
ports into tue United States, exclusive
of specie, for the last five years and the
present tariff be maintained, and an an
nual gold revenue from the customs in
excess of S165. 100000 is absolutely
certain; and il the tariff is reduced an
increase of importation is likely to far
more than compensate for any reduction
of rate. Inasmuch as the duties on
some classes of products, formerly of
extensive impol sation, are at present
nearly or quite prohibitory-as. for ex-
ample, upon some sizes of bar or rail
road iron. on cigars and some descrip-
tions Of woollens-the receipts of in
ternal revenue for the current fiscal
year, ending June 80, 1868, will, as al
ready stated, approximate and probably
slightly exceed $3.50, 0O0.0 .00O The in
ternal revenue derived from manufac-
tured articles, or products on which the
| taxes have been abated or repealed since
the commencement of the fiscal year,
July 1866, yielded for the same fiscal
year ending June 80, 1867, the sum Of
S87, ,275; Of which amount 823,-
769,OSO were derived from the tax on
raw cotton. As many of the taxes upon
which this SUM was raised were repealed
by the Thirty ninth Congress during the
| course Of the last fiscal year, and have
not been operative during the current
! fiscal year, it would be erroneous to as
sumo that the sum of 887, ,244,275 rep.
resents the reduction of internal revenue
| likely to be experienced for the next fis.
cal year in consequence of the repea.
| by the present Congress of nearly all
of the so called manufacturers taxes
and Of the tax upon raw Gotten On the
contrary, the reduction legitimately to
be anticipated will be considerably less,
and as deducted from an examination of
the receipts of internal revenue July l,
| 1867, and assuming the passage OF the
bill as reported from the Committee of
| Ways and Means, without essential
notifications, will be substantially as
follows: From the act of February 8,
1868, repeating the tax on cotton S23,-
500 900; from the act of March 81, ex-
empting certain manufacturers from in :
ternal tax including the Abatement of
taxes on gas and petroleum, S45,O00.-
600, making a total of 968, ,769, 900. The
revenue therefore, from internal taxes
| for the next fiscal year, assuming all
ether matters in respect to taxes ind
administration in this branch OF the
revenue service to remain unchanged,
must necessarily be predicated on the
basis OF the aggregate receipts of the
current fiscal year, less the amount taxes