, 1873-04-16
PHELPS, DODGE g. co.
.oncnt .s,,I OF tho Firm Conccrutn,
nclr 2frcSnlaritica will. the r.r.r

~, .otcnt OF tho Firm Conccrutn,
+..,. sFFeSnfaritfea will. the Ctt.-
.oha" Aepnrtmcnt.
naass LEY :. a6nK, , April l5.-Tho firm of pbor,a
Itaho ~. VA! publish, t:-n1otrow n1or1,f.,t! =
nesaed statement of tiloir recent d;flcnt;n! Eli, T.
follows. t'A' ''oH'''@ u WHICH ara Ia
no Tho law requrea tint al imported goods shall
market nn' valao, but that '''fm tha ''1,o ;a'
votcc, accompanying ehull 1ec,n-n ao IN. N.
acsaet cost III Practice however, il Is TIM u, cuat
t tom 70 aseosa dutioH OH tho actr,al cnst uhnn
value when this ia in e1cess Of oost r. r. stnes t
cnatgeu ihat tl1o t'r1n had oyor inyoiced nv ov
Gooan a. less tlan tllolr trua n,arl5ok yn)a III
s ~ alncotty aroso in respect 10 certain comnara.
speony i eontrsofa t1soa'spss fnr mo1 szsa 9f nate
ttlYofy; ~ tho firm furnishing tho raw matoriaJs M
W Ino manufacturers and recoiy;ns IN
ro5ush ro5us !, tae lanished proauct. Tho mnrset
tu. u tieao goods III consequence Of tho fl,c-
tuntlon IN tho vals1o Of metal VAS sometimes not
aMorent at time Of shipment from, tia cootcart +
placas moro or less; md as thoso wan alwnve ho
e Of some reduction in Consequences Of
nal aattIcn1on IL to price Of raw natoriab il tho
s,,n Id. conenEo4t: Under auol, circumstances ths
fMa,lpeea f.' oi Liverpool, without duo oorRslera.
taon MOI the practical difficulty created by tho
wliop tthens tho cosst up , tue soods On the inyooo
Valuo,, and making smnN W. rod,at;a, i,,athos
Wton tho naarkot value wns ]ees than tn nast
ahn cnarges az tho Investigation subsequently,
Of tho aoyarsnf Uo anf mere 1o frequently ii favor
easos small memoranda, calling attention tn H.
1, 19sha OF tho contract, were sont to Nnw Yoylr
). tno urn, considering thom Of no importance
ritbout 'ns 10 a. asasan olork to be axod
W So,co H oook The samo clerk, WHO had proyio1,n-
y hccn taken into the house and aducatad frnn,
,aai:st, .nantagto motives, aud who wag SUR suf,.
aWne ccra;n taown TO- hnye boon Ia
'toro ot tho firm at night for tue purpose Of n.
1peesiag ttoir goods aid papers, did, Lcweyor.
thoo'or TUG 1rroguaritiea in question. and. n
ay ssS az end d1SipS s1me 6om 'f As smpoas ss big
DIRECTING any error, removed tic ,r1oniorauda
ro sho involco book, and, after .testroying thoae
1soh ~ ehowcd instances whore tho Guyomme1,t
aM ,a n9en nssptstod, aud preserving those where's
! ,tter IN tho hands Of Treasury Agent. 4 charTa
1rnnd having boon profo1rcd, tho fr,n at n,,ea
ol9nta17!y t1lrrondared their books and nanorn ~
~ H., ,osat aathorltle1 and oforod without iosaj
onatisn that might be moved ss aaa,ust ug tbo eno
ID as IN earnest Of good faith, and befora '' ~
'mplote examination. doposited the ynlna -
20 a. d1porsea na srtices caimed to hnve beon viii
emoranda to DO in tho nature Of luplicase in. in.
icea, and going back Ave yeara sclacted ont n
n8kre8ate importation OF :s4D, ,00D, 900 soma
aut a. nan ona Mnlon represented m import Of
= o"s 4 ~, ,o90'Q90, OF which Inst it wna n|a;med
~ ,tot1s to tl1e value Of s271, 900 had Sao,
sgo involcod, but OF tho total amount of
.Egod gs was less than $4,000, on nhich hh''tb tbe
[hest ss, ogttmatet tn loss to tho dovornment was
pfooap'y IN excesa OF e, 600. Dy a ntrics
'struction '4 Of the iar, tho doyernmoat had %
H. as 70 90 1ontlscate the aggregate value Of the
ol9 nitY invoices, but tho Government com-
snised m 50 by aaseastng Tho firm s271, ,ooo. tbn.
lc Of tile iteEuH claiff1a1 to h VI hno,, IL
aicot}. '''A 'i'0s"ny'
ne g staton'ont anniyzos one Of tho PRINCIPAL
o.cos a aud memoranda regarded BY The Goy-,
h,eut @ as establishing complete illoeality..
sh q; ehowed that out Of invoice ora loo boxes
tln"plato, all invoices Of. their true market,
10 certified aa such by tho Consul at Liver
aud passed. by tho appraisers IN New York
contract prico Of III boxes was II
a box more than inyoiced. th.
ket yalue making .diRoronce betvean tso
!. ana market value Of about s23.
Thich tho whole loss that could under nny
1mstancee have accrued to tho reyonue WA,
y IS; and yet for this the Goyernmontl
sea penalty Of tho full value Of the 174}