New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-03

OFFICIAL EXHIBIT or TIE RECEIPTS AND EA-
PrNDITUREs FOR THE CURRENT FISCAL
YEAR-A SURPLUS ANTICIPATED.
"A some apprehension exists in the puDlio m'hu
that the revenue receipts of the National treasury
Tor the current fiscal year likely to prove hsuh
cient to meet the current national expenditure
which annrehension has recently been foStered by
by the publication of on unofficial statement by
snbordnate of the Treasury Department-an lnvesti-
cation of the whole subject has been instituted under
fbe direction of the Hon. T.. b. WaShburne, Chair:
man of the Committee on Appropriations House Oh
Representatives who authorizes the following state
The sources of revenue to the treasury are three
first customs; second internal revenue: third ms
cellancous We ask attention to the facts connected
with each of these in order
ILLUSIONS.
The customs receipts at the port of Newly Ork from
the commencement of the present fiscal year JnIy !,
1863 TO September 10Th. were s3,1sOS41, gold these
receipts adding Oncfourth for receipts at the Other
ports (which is less than the average OF such ports
and allowing for fluctuations III importation, wOuiu
indcate gold revenue from customs for the present
fiscal year of at least $l70OOOO; when estli1a.es
the amount of coin credited on the DOCKS VI .no
treasury, from customs receipts rom al ine PoI9
for the months of July and August suoS'n'iaH5
verify. , 81, g.,
vears have been AS follows ls6566 790i66j 1866
g. SIG an slO lS67-6S. $lA4e4599 A brief review
now of the sources from whence this revenue was
derived is all that is necessary 10 SATISFY LnaI aS
reduction of the customs receipts, with tine mani
tenance of the existing tariff Is exceedingly HhPIo1
able Thus the bulk of the commodities imported
and from which the chief portion of the duties is de
rived consists not of articles of luxury. Out OF COM
modities in almost universal use-such as sugars,
tea coffee mOlasses, drugs, spices ana Ine he, a
consumption of which is constantly ana Win great
rapidity increasing Thus the distribution oI I'M
ported sugar for consumption III the 1our pilhSlpal
ports of the United States for the eght months VI
The wear 1858 ending August 81. was Sl3,l tuns,
against 264046 for the corresponding peliou Oh 100
2jOgl6 for 1866, and 1866 for the corresponding
period of 1864 The distribution for consumption OF
imported coffee under the same circumstances was
as follows: First eight months OF 1868 500 tuns;
1861 do 60 1885, 1866, do, 1880; 1861 do o'o9o 1oo4'
Again the average annual gold value of imports
into the United States Exclusive of spece Tor the
five years prior TO and including the year 1860, was
in excess of $32 100000. The value of the net I'M
ports for the last fiscal year was SS '2S; yleldlhg
revenue of $l64,464.O00. We submit whether II IS
at all probable that with the increase of the country
in wealth and population. the aggregate OF imports
and consequently the revenue, Is likely 70 be dmill-
ished below the figures OF the last hseal year; anu
power of the country, arising from augmented crops
and deficiency of food in Europe, 1t is not reason
future will very considerably increase
1t is evident, therefore, that any statements pre-
dieting reduction of customs receipts Tor the pres
either by the actual receipts of the Treasury for the
first quarter of the present fiscal year or by any CIR
cumstances connected with the trade ana commerce
2-INTERNAL REVENUE.
The receipts of Internal Revenue from July J. 1868,
10 September % were in excess of $4O,WUOOc lndl-
eating an average of thirteen and Onehaf millions
Der month. or over $l60OO0OCO per annum. III III Is
urged that the revenue for the tune referred 10 was
augmented by the receipts from the income TAX
and is not likely to continue as large for the
year. we reply that the receipts from income during
the time specified inCOnSideTaDe tf0r the month
of July. $5,0OO.OO0); and that any dehclency from
this source Is likely to be fully compensated from the
gain the revenue from distilled splrltS-the re,
turns for the month of July indicating an annual
revenue from this for the current year, OF o
BILE that received during the preceding year III Il
also reasonably certain that when the new law reia
tive to the collection of the tax on distilled spirits
nut in full operation in November that the receipts
from this source will be also further largely aug
mented -,
Again. the only taxes removed by Congress which
in any way diminish the internal revenue OF the cur
rent year as compared with the preceding fiscal year
are those relative 10 cotton, and manufactured
pr0ducts-exeusve OF spirits. beer. tobacco patent
medicines and playing cards. Allowing for these re
auctions and assuming that the receipts from othe
sources which have not been reduced by Legislation
will continue substantially as Ill 1867, the MINIMUM
of internal for the current hsoal year. IN de
tail and aggregate, will undoubtedly be as follows
Tobacco and its manufactures. 2oOoOp
stamps .......,........... l6,O94, 7ls
Iegacies and successioDs ............ l,s65 $40
Bank dividends, circulation ana deposhs. SSsy,oOo
SDacial ia 1878 900
Sales .......... 10000 O
Gross recepts ACKNOWLEDGEMENTS. 7,444.00O
Schedule A. carriages billiard tables &c......
Salaries 1,029,992
Pines and penalties 1459,l7
Income ....................... 35,000.O00
Distilled spirits (mpimuual ........ 300O0.000
Total $685. 80
The same as receipts for lS66-67.