, 1873-12-03

Nncxpect euy uifnH1s ~ tcHhn - tatlouh ca!At1-
ity t1tmnr1nl Arrangement ~llcfl, from limo to
thug, nro lhblo to oecHr IN ~ iiasA' onc! rtMofVo
.s also re,nern ntseaaEy Y ahe aast th"s tho fre.
of 80 u0, nnw n ngs'ni circulating TO tho extent
of tnnru tlinil $l0 hoo ooo u rcuoenomo III United
!aes nofss al @ 1o "oh m o' nneTR. In or.
tween Tho minimum md l,axtn,.,'n my 10 Issued,
fanH tho paper currency Of tho country. leedtn
!si TINT u oo anara . ar ,o ~ pG ~ ss sn.
slla roluirc IT. md IN payment o. Rllch denis M
tKac 10 a rctrllel to no 5esaryo 81 soon % e
condition at Tho IrcaEty a!Al' warrant II, anil that
Tho purchase ct bonds asnil hn forbidden 30 long
ostang goa IT. staes Sly = ts' a5 ahr ,ada except o
proper. ntssl reasonable nrotuetton againat
ny cont,nge;sicn, ; whereby ~ Inc ct
would give no reasonable ea,'so TO f1ar permanent IN
nation. - II angAt not 70 he tho business Of to
Trensry noasn" a to nefross fo a nn s ~ @ to
cording tn lilo eonni cf THO money market, and for
tho soln purpose Of af1ott1a tl,a market, nh II
except FOR tic purposes and iu tho way Which l,avo
suggested. ...-...
FonE1aN TRADE.
Tho ba1ance OF tratle IN innr3tnntltsp has been
largely nglinst tho Unttot 9eates for mary years, nid
tllc country las exported during tho twenty ycara
oxtes Of moro than ooaooo over mud above
The amount imported. Fos ao,no innnths paat. espc
chilly III October And November hc export trntlo i'll
merchandise la greatly iltrcI1 uIllt owing to tho
iatnrMco Of financial allatra aud other calHeH, tho
importation at goods las largely diminished, TINT
TIC baanee Of trae at rreaent ~ n ayor q tho United
sry turlng no past two 1aonEn At rate noro rapid
than before, orcopt IN 1901, when for tho whole
iii, and for tic pus woaty ycara tore has oesl, no
otor Bing]o year in which there has been excas Of
tion Of tbs carrying trn,lo with foreign eouutrina.
though cxhibitiuga large adverse bafa1ce Rhowa aoo
slight gains, wh prospects, 81 st,ll further in'-
proyeincns. Of Tho exports and imports during tlo
past year. q per cent were carried III !nilca aAses
yesse!B gnii of pcr cent over Tho rroynus year.
r,iE 1SoisEAsr III au1r.nu1npsNa
~ tla country Is decided. Numbers wore awarded by
tho nroal Ut antista 70 1o9 vessels OF tho aBHre-
gato tonnage Of liasA3 tons, while during tho year
preceding the addition to OUR mercantile marine was
only! G2l tone. sneo Thy eoao of tue fiscal year a
GREATER activity as prosa'led IN tho t.yarH Ct hn
fsd hb n Isl Or a to M LIT o.
pleted ycgselp OF lel 600 tons in a while such returns
as hase bcon received. ineompstc rs they nro. in
laet $50 vcsscs, Of tue tonnage Of 1T. 500 tone,
ti!cllttlng GU eteamors, with tonnage Of
o7,oo7 tons, Of ~ Which Is ocean etoameFs, with all
aggregate of 3d. 4o2 oiH are III Of construction
on quo Delaware lu view OF tho high prieo Of iron
nnd eoa ant to recent advance n hocost Ct labor tn
american ssn-piate as proved hy actual oxperlnente
there 10 rsafananle encouragement to EXPECT that this
m , Of ps.ry M y nko raa a;res Of
cl s'tenG! nj tlio country With tho batanco Of trade
III favor OF tic uhlted States,
RETURN TO aracTE PAYfETTs
may hc easily reache and when reached may be main
saied u slic Wise hGanctal Mcasircs ara ndoptcu as
w. w. prSyems NJ eS.fava9anecs ana sRccu!a
well-dtrected and prudent enterprises.
THE rA'1gf LAW.
The following rcnctes ate augseatcd for adoption
in tho General revision Of tho Tariff law:
Fst--The abandonment Of tlistosions based upon
commercial usage; III other Wordst tho material Of
which an article composed instead OF ia commercial
designntfo where particular material fortns the sole
cliff element Of value. should control It's caesi-
Gallon and rto If duty consequently imposed, whether
I'D ratoFem or specific.
Secohd-Tho abandonment OF " charges and COM
u1fesiona' an element Of dutiubo value Tho
rovcnHa from a source, while uncertain md COM
aratiynly triajng IN amount IL fruitful III source Of
embarrassment aud complaint III tic liquidation Of
Thfrd-The repeal Of all provisions Of }aws for whnt
arc commonly known ns "da,nago allow1ncep," Or
proportianoto nbatcments of duties merchandise
injured during the voyage Of importation. These vary
ut different ports, exceeding Mt by 10 15 por
cent o4o nut'c ut others III like cases. IL many in
stances the exte1t of damage only bo approximate.
j. determined, while in others there ia room TO
lect fraudulent pracccs aud IT. all the operation Of
| well as Government.
| ARTICLES 1AronTHD IN satAtL QUANTITIES.
Many articles upon which dutieH are now lovicd
aanuiastare or o prodsed @ In this eountrs. sre I'M
ported Il. such small quantities at tue duties collect.
Tor tlo eost Of collection, I saggest hat Ill such
articles bo ad!cl to the free list.
~ ...u a.11s; TAEiEf ,s 1. GnIa1IsAr1ox 1i IT,,
1Eo ICES pFCSGrlU1t ny INV LOT HtFTlCeI upon Tut
Northern frontier, conuected with tho execution oi
upon s ''' tic coas % md Il Is anesonabls ' @hetet
such difference docs not constitute violation OF
tho Constitutional proVtaon prohlh!3ng tue giving OF
preference by any regulation Of commerce or revon,,a
vision and equalization OF such feea are recoin-
| inended.
| ABOLITION oF TosSA1E TA1.
vosseH engaged i'll foreign trate aud on Ill er1ituF
fto1c4h 0tAo IL ~ alpNdeA
American vesaels engaged III coastilg trade. Stcnn
ahla Of foreign nationality IN soe cases nre suhjcct
| to tonnage tax; III CtheEa they aro exempt by Old
Af y