New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-04

| TI,o ostiru,ted ,evpnues for the next fiscal year
are 5000 80 900. IL appears from tho report INV
during the last fiscal year the revenues OF the "oN
! eminent, compared with the previous year. nave
largely decreased. This decrease Amounting I" liio
sum of $IS, 4s1, lj2 81, was mainly in Customs ou-
ties. caused partly by large falling OH OF th'
! o,nount OF i-uportsd dot goods and partly by
fine ,enerll fall OF prices IN tho markets OF pioadc
ton of snch ~ iiccs "a pay ad valorem taxes "hue
tina is f.lf iniurioasly in the dimuniion of the
revenue. il has bean accompanied with very large
increase Of expectations. Tho total exports during
the last fiscal year including corn, have been OoS-
637 457 and the Imports have bean Tl"Z,oJ' ''f",
| leaving a balance of trade in favor OF the uhlteu
States amounting 10 the sum OF SlO0o35'7lI,
the beneficial effects of which extend to all
branches Of business. The estimated revenue
for the next FISCAL year VIII impo'e upon
Congress NE duty of strictly limiting aPpropria-
fions. including the requisite sum for the nam
tenance Of the sinking fund, within the aggresa'"
estimate receipts. While the aggregate OF laS9s
should not be increased, amendments might De ndo
10 revenue laws that would, without uimihIsnIug
tne revenue, relieve the people from unnecessary
burdens A tax Tea and coffee IL SHOWN py "le
experience not only Of our own country unt OF
other countries to be easily collected wllhout
loss nv differentiation or franil ana t''Ru,y
horne i'm the country OF production I'm
of 10 cents u pound on tea and = cents pouhn, on
coffee would produce 4 revenue exceeding IT,
tudr T ANNOYING taxes yielding revenue npt eA
credinv that SUN. The internal revenue system.
grew ont of the necessities ot te war anu nloat VI
ths LEGISLATION imposing taxes upon d0neSt, pio-
ducts upder this system has been rrpeaIed by 'n'r
sib,i itntinu of tax tea and coffee al fOrHS 81
internal taxation may be- rep aled except 'n"' VI"
wi!slley, spirits, tobacco and beer 4
Attention is also called ~ the necessity OF enact
inc more vigorous laws for the protection OF IIJ
reyeUua and Tor the punishment OF frands anu
smuggling. Tins can best be done by lndlclOus pio
visions that Will induce the disclosure Oh atlehplou
fraud by undD valuation aud Smuggling All IeNtniuc
laws should be staple IN t1elr PROVISIONS anu ed5,'y
Iudarstood 80 far as practicable the rates OF tiXa-
lion should he in the form OF sptchc uu-
ties. and not ad Yalorein, IequHlhB i VIZ
ind ytnrnt of experienced men 10 ascertain ydIucS
aud IN, osiug the revenue to the tempta ION Oh If'lu
Nv attention mas been called during me recess VI
Congress 10 abuses existing III me cy'.'c'ioh "a ~
Customs and strenuous ehorts nave por'i n'lo -
their correction by executive orders he recon-
mendition submitted 10 the secretary Vi INC
Treasury by "A commission appointed 10 examine
mo The collection Of customs duties al tne po' ~
New-Yorh c0ut.I many SUGGESTIONS Tor IN" lHo''-
iicaf0n Of the customs laws 10 winch tue aI'cn''o
of Congress Is invited
Tue PUBLIC CREDIT GOOD.
II il a matter of coHgratuiatiOn that, notwIth-
standing the severe burdens caused by tine war, the
publc faith with all creditors has been preserved
and shat as the result OF this policy. the public
credit has continuously advanced and our pubic
securities are REGARDED with the highest Ia
v1r in the markets of the world. l trust
that no act of the Government will cast
y shadow upon it, credit. The progress OF
refunding the public debt has been rapid and sails
factory Under the contract existing when entered
upon the discharge Of the duties Of my Office, bonds
bearing interest at the rate OF liz per cent were
being rapdy sohl, and within three months the
as,reate sales of these bond, had reached the sum
Of 300. OOOO0 With my sanction, the Secretary
of the Treasury entered into 2 contract for The
# 4 H, ~ nd wi
the popnlar subscription for such bonds opened.
Subscriptions were had amounting 10 80, 49G,ojO,
which were paid for within ninety days after the
date of subscription. By this process within but
little more than one wear, the annual interest on the
public debt was reduced in the sum of f},77j,OOO.
| recommend that suitable provision be made to
enable the people t0 easily convert theirsaving, INTO
Goyornment securities. rs tine best mode in wIch
small g1yIngs may be- wei llici ana Acd mo Ter
al, interest f is an object OF public policy % retain
among our own people the securities OF me Ihitet
states "a this way oar country l. -uirdcd against
their sudden return from foreign conn n : caused
h., war nr q. her disturbances bsy0 "a out limits
The commerce. OF the United States With foreign
nations and especially the export ol domestic pro-
drstiou. has of late years nrpcly increased bat me
Greater portion OF this ttddc Is oonducied IA
foreign -, els. The mplrtauce OF eniaighS orr
foreign trade, and especially ny dliett anu SPredE
rcha1ee with countries on inns continent, calhoi
h.. nyr stlmatcd aud it u matter al great moment
tlat our Own shipping Interest should receive, 10
ire utmost practical extent, the beheui ol cur COM
mere. with other lands. lhcso c"h>ldrlatiohs are
forrbv urged BIZ all the large commercial ciues OF
th, couatry aud public attention Is generally
.rJ wisely attracted % the solution OF the prob
,cus thcy present. IL - nor doubted that
Copvrrss viii take them up IN the hr0IdcSt spirit on
lib.ri,itr and respond tO the pnDllc demand by
practical legislation upon tlIs Important supJe'l
mo r,unrt of the Secretary OF War SHOWS that the
army IN, been actively employed during tie year.
AND has rendered very important service ~ suppress
lng hostIliics IN tine Indian country, ana IN pre-
and
IN, interior. "a well along the NeNlcah border.
4 long and arduOus campaign has ncch prosecuted,
with nai complete success, agalns. portion Oh tnc
NeZ Perc.s tribe OF Indians luiI account 81 tIl3
campaign viii ue found IN tine report oi the General
of tie Army Ii VIII be seen that ~ ITS course seN-
cral battles were fought, ~ which number "I gal
liant officers and men lost thcr hYrs. JON WIN
Inc Secretary of War and the General oi ihr Army
in awarding TO tho officers and men employed IN the
long and to- >Onie pursuit, AMI IN the inal capture
OF these Indians, the honor ANA praise Whlch Is 80
Justly their due.
TnE ARMY And RAILWAY RIOTERS.
The very Serious riots which occurred IN several
of the States in July last, rendered necessary the
employment of a considerable portion OF the army
10 preserve the peace and maintain order. Ii the
States Of West Virginia, Maryland, Pennsylvania
ami Illinois, these disturbances were so formidable
as to defy the local and State authorties,
and the National Executive called
upon, in tie mode provided by the Constitu-
ton and laws, TO furnish military aid. l
an, grted 10 he able 20 state that the troops sent
III response 10 these calls for aid IN the suppression OF
domestic violence were able by the influence of
their presence in the disturbed regions TO preserve
the peace aud restore order without the
Use of force In the discharge of this
delicate and important duty, both officers and men
acted with great prudence and courage aud for their
services deserve the thanks OF the country
Disturbances along the mo 1Iah,'e' III leAiS'