The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-12-15
REPORT OF sECRETART OF TREASURY,
GConcluded IRON Second pqge.l

REPORT OF S%ECRETART OF TREASURY.
Concluded from Second Pdge.]
in 1873; the earlier collection of special taxes in
1874 than in 1873; the reduction In the value Of
warehouse, rectihers', and dealers stamps BY act
the whole OF the fiscal year 1874, but during only
eleven months OF 1913; and the smaller cotlec-
ton, from repealed db taxes Ssfii TeIa IN ! n 70 tb Spills rene,n an
from tobacco Is owing chiefly to the abolition OF
The system of bonded warehouses, under act OF
June &, 1872, 10y which large quantities OF manu-
factured tobacco were placed upon the market
during the fisca year 1873 and 70 the Increased
same year to the movement OF plug tobacco by
the reduction in the rate OF tax from thirty
s. 1872, so far IS relates to a reduction OF Taxation
on banks and documentary stamps, did not go
into full operation pTier TO the last fiscal year.
The number of brewers engaged in The prodUc-
ton OF liquors during tie fiscal years
lS73and 1871 were as follows
In ..---S,o54
IN
.oso
DuringThe fiscal year 1873 over five millions
were collected from income as back taxes, and five
hundred thous3nd from gas, items no longer
repeated statutes, are OF course tly de-
~creasiDg. The receipts from internal revenue
for the first qaarter of the fiscal years ending
June 80, 1874 and 1875, were as follows:
FIRST quarter OF secs. E25, 64O,4 5f Al
First quarter Oh 6I0""~-..~.-....... &,3l4.6l5 "a
s6A, 100 81
The aggregate receipts for the months of Octo-
Der and November, 1879, were sl3,S6S,G 2 81, and
for the same months of 1874 they were SI7, 49,
202 90. Without some unexpected interruption
OF the industries upon which these taxes are i'm
posed, the full amount of the estimate herein
before presented will be realized.
The suggestion IF the commissioners that the
taxes now collected by stamps on bank checks,
matches, perfu "a cry, cosmetics, ETC., may be
abolished, and compensation made there
for by increasing the tax on spirits
fen RQntg nor gallon C TrnrfhU the
consideration Of congress. By making thus
change the items of internal taxation would be
without loss of revenue. The means now in use
for the collection of tax on spirits will, il is be-
lieved, secure the collection of the increased
amount.
EXPORTS AND IMPORTS.
The comparative coin value OF the exports
and imports Of the United States for the last
fiscal year, as appears from ON ,ial returns to
the bureauof statistics, may be exhibited as fol-
lows:
Exports of domestic merchandise---. s56s. 4Ss.42l
Exports OF foreign merchandise -...--. l~6,S49,6l9
Total -..- $3.50, 2ss, O4O
imports o67, 400, S42
Excess of exports over imports...... s~ls,S76.69S
Exports OF specie and buliion--...-.- sec, go, 405
Imports OF specie and bullion .----.----. ~2S,45i,sO6
Excess of exports over imports. SIS, ,4s9
Total excess of xpOrts of merchandise,
specie and bullion, over imports of
'"s" -~~"-s-- .-s"- $1,000 NJtfVJ- 100
While these returns are believed to be reason
ably accurate as regards the exports by sea, il
has been found impossible 10 obtain complete
statements OF our exports to Canada, owing to
the fact that manifests containing the guam
titles and values of merchandise exported in
Detailed statements have been received, how
ever, from the commissioner of customs of the
Dominion of Canada, from which il appears
that the coin value OF exports 10 Canada during
the last fiscal year was SlO,HO,059in excess of that
returned bv the United States customs officers.
which Wnuld increase the pxpOrfC Of tho LOST
fiscal yeare IS above stated, by that amount.
1t is proper TO remark in this connection that
merchandise ofths value of Sl7,S78,5 was with
drawn from bond for consumption, in excess of
that entered for warehouse during the year.
n export OF coin and bullion was s24.902, l3s
less than for the preceding year, while the ex-
ports of domestic merchandise have increased
crease in importatfons for the last year of S7I-
729,S6o as compared with the previous fiscal wear.
and Of $59,l6SLS3 as compared with the fiscal year
The following imports show an increase in
value, respectively:
~; fax seed, SHIPS; brass and other metals,
S475,4S9; medicinal barks, s4lS,436; coal, s4lO,762
cochineai, ss5s,4a; unnanufaciured wood,
SSdsio; erticles exported and returned,
barley, S2,sSS,672; dress goods, Sl,1I,SSS. Those
exhibiting a decrease in importation are p-inei-
features of wool, si,iS9,2sS raw silk, S2,566.6is;
manufactures of silk, S~5,99,253; fine linen, laces.
and other manufac lures of fax, S2,955,636; cotton
features Of leather. SllO7 sos: furs. SS79427
hides and skins, sl,2Sl,5G5; jute and jute
and paper hangings, szs4,s72; horse hair, &c.,
SO; old and scrap iron, S5,l4S,3zO; copper ingots
and bar lead, s1,004,24O; tin plates, S2,OO0,71;
watches, s9eO,531; Jewelry and precious stones,
SS76,S97; fancy goods and perfumery, S46S 1856; to-
Dacco, snun and cigars, Sl,304,OO2; wines and
HH I 5000 fruits and nuts, s., S92,0H; sugar,
al; chemicals, drugs and dyes, sl,44,9l9; dye
woods, madden, argois. bleaching powder and
nitrate OF soda, S7I3,OS3; soda ash, s928,4fS
~eartAen. stone and china ware, S~l,l33,570: COM
mon window giass and glassware, 81 ,399, 81 [;
lumber, s2,69i,S7 crude India rubber and guttaa
percha, Ss03,S2l.
There was a falling off in the Importation of
iron and steel and their products of 500 ,5SS in
value upon the following articles: Rails, s., 49,
297; steel and manufactures of steel, S3,324,5l3;
and band iron, 81, ,3OS; machinery, S900I9I?
anchors, chains, cables, castings and hardware.
SJS,SS. There was also a decrease in the i'm
visions of SSi9,S5ii in value. or domestic products
exported, the following articles show an i'm
crease In value, In currency: Wheat, $685. O5
wheat flour, S9,S76,4B; rye and rye flour, sI,44O,-
999i corn and corn meal, SlyO29. S2S; cheese sI,4OO,-
90oibutter, sl39,462; pork, SSOl,677; beef and tai
low, Si,o16,04; tsh. S63,7l2; leaf tobacco, s7,7l0,-
hogs, SS3S,45; agricultural Implements, S53,SS9:
Timber, wood and manufactures of wood,
S2.ZStl9; coal, S9O9.6z5: manufacture of hemp,
500, 02l; iron and manufactures OF iron,
SoA6,Iyl: firearms, Sl,l58269; sailing vessels sold
portation of domestic products appears princi-
Pally IN the following articles: Raw cotton,
Sl6:0lS, As; bacon, hams and lard, s~S,576,O25;
leather and msnuiactures Of leather, s5is',g7S
ewing machines, S555,224; crude mineral oil,
SsiO,So4; crude turpentiUe and rosin, S5S5,565, and
silver ore S5S9,3o3.
BUTLER PLAYS THE POLITE.
BENJAMIN Is MIGHTY sLY"-HE
IN ERR