The sun., 1883-12-05

IL was estimated by the Senate committee
tnss posed ap by tseif t would effect REDUCTION Of
i34. 100. .53i. The Commissioner Of Internal
sde By shs sSs
than ti30oQ0Oo per annum, INCLUDING tnG
d bo ss4 on esSstss snss Sa. 81 nHOpa tSe
augment the royonues from that source as to
%Ks snns te of aSa yeNr or about s
t0o.oO0 less than those, for the proceeding year;
Internal revenue Tor the current year appears
TO be about $40. 100000 less than the reduction
expected by the Senate committee We have.
then. a reduction OF $50 0O0. 900 loss than was
sought for and expected.
THE NEW TARIFF.
Tho now Tariff, act went into operation on
sions Of 1t lessenod the duties upon foreign ar
ticles II stimulated importations thereof IN In
goods were put in bonded warehouse. to be
withdrawn at once after that day, ON payment
creased the duties las it did in some Instances.
bv new provisions to meet The adjudication qt
courts or ,he rulings OF THIS nepar'msh@ ,I PR IN nv ~
ellt OF the lower ratio prevalent up to that date
ura iTS result followed BY dscrsased impSrations
of the same articles after the law took effect
country may not be known with reliable ,,i,,
vol Volume 'si Of ',,S revenue to be Yielded by duties
upon Imports or in It's particular results upon
especial classes OF goods nnd espocai pr"hchos
Again. It may be dscmod needfnl to SO lcgis-
rs to esr,an nnd R is MS
from the taxation upon thom, Those making
or trading in distilled spirits. or who have
| made loans or advances OF money thereon,
| will DO earnest In eideavor for nm extension OF
the bonded poriod. 1t is not unlikely that Con
Sftfs tie T banded % period viii siise. rednetion q
revenue for the length OF time thereof. On the
mend " an HIN immeiiaio ned % revision Of the Tarif act
| 1t adhercs. however. to its conviction that ui-
iief from taxition. and oi limiting lhe revenues
to the needs OF an economical Government.
must be found in reduction of tho duties on
| imports.
THE INTERNAL REVENUE SYSTEM.
Propositions aro made to repeal the whole
system of internal revenue. AS to this. re-
| peat my remark OF Inst year: SEQ no public
sentiment or political action indicating do
sire on the part OF taNpaying citizens to strike
out this class Of taSos.
All other Internal revenue taxes have been
repealed except that on fermented @ 40 LIQUORS.
amounting. as ostimated. to sl7 .@oMO. and ON
the circulation Of national banks. The repeal
pnrt have recommended. Az tho abolition Of
all internal revenue taxes is a proposition
which may be mMdo ami pressed. some data
are here given. The spirits in bonded ware. VAR
house on June 80. 1883 are estimated ut more
than 80. 900 900 gallons. The quantity of Distilled
spirits in ths Imited States besiies ina. la. ~ "a
estimated by the Commissioner OF Internal
Revenue as follows:
In ,sticry and special bonded WAREHOUSES IL si7 lOs
In ia,ls Of wl.oe,ac liquor dealers i3.al tss
Il6v4e23i
The aupn,ty in bond upon which TIC tax is Is
1851 is q 997.77o gallons, the tax on which is
The quantity upon which the tax is PAYABLE
during the .lscml year ending June 30. 1883 is
a7.24s,3l gallons. the tax on which is s33.,
The quantity upon which tho tax is nayaG,e
during the fiscal year ending june ~. 1856. Is
) l; l535a $50 gallons the tax on which Is Si9'
a reduction "f the tux on whiskey, in bond te
Shout nh II GodiGoD Tor the current year were Tho
reduction 10 take effect from Nov IL. 1855. am
, about sl3 100000 in the year ending June 30
! In connection with this subject. it is deemed
proper to call attention to the iact thai the To-
} dmced in Tho year ended June 80 1881, is est,
3 mated at 1i,dl3,3os. about $500 900 less thar
: ail in bonded warehouse Juno 30, 1883.
, Owners Of spirits in bond declare themselves
unable TO meet the b payment maE % OF TAXES
, ported them rather than TO pay tax. 1t is IKE
, y that they will again ask an extenson of tbs
for a repcnl or modification Of them
The estimates of receipts from taxes on dis
TILED srrts ad9rtGa in this report include th
3 | amounting to nearly s2oOoO,Uuo
3 PoREIGN COMMERCE.
Tho foreign comncrce of tho United State
- during the last fiscal year. including import
:, | and exports OF merchandise ana specie, was Il
!, fOllows
Expor,.: Merchandise .............. ss,2;I Sts 81
specie INSTRUMENTATION. $685.
2 Total s>55o o5a75
8 Imports: Merchandise s72llelNi
q specie. ..,,...,..,.... .....-...... as.i-s 81
s Total s75lG7o8 -
jim. 80 1883 -. -. 81 300
June So iss3 Ia67o7l II
70 Increase Observation-Disclosures. S4o 5s-
a The excoss of exports Of merchandise Owe
imports thereof during the last eight years
!, shown as follows:
u u Year ended June 80
- 1876 ....... s7sG43 +s 1891. sI,7 ,s3
!s!5 - !$! lit: s.! :....:: a:ss:%
ID The value OF exports OF domestic merehar
e disc during the year ended June 20, lsso wa
preceding fiscal year an increase of $40. .9S3 0O
!, The value Of the imports Of merchandise int
!. 80. 1883, amounted 10 $723 iS0,9l4. as again
d dutpf ia M d pr'Gsas Dn1n Is, Is
u year ended June 80, 1888 the yulne Of II
10 exports Of gold an and silver coin ana Gnlli9 pun
ID amounted to $3l 500 333 as against $i04l7iI
II. during the preceding year. decrense Of ~
j97 id. and the imports thereof amounted
W t2s, 49,, ,3ol. ns against fi2412 390 during Ing II
w preceding year. II falling oil Of Sl3Hs2, ,99n.
Ia There was during the fiscal year Just close
!" an excess Of exports over imports OF gold m
-, silver coin and bullion amounting to S3.33O. 81
If as against sG945, 0s9 during the preceding yea
1. TONNAGE OF VESSELS OF AMERICAN OWNERSHIP
. Tho tonnage OF vessels owned in the Unite
10 States at the close Of the fiscal year 1888 n
W cording to the records OF the Register OF Il
10 Treasury. was .235 ,4S7.2j tons. Ofthis amour
III 1902 .094.G5 tons We're in 2.l7l vessels, regi
Az tered for tho foreign trade, and 9 933. .392 60
iP 22O43 vessels. enrolled and licensed for Il
~ c0asting trade and fisheries. There was an /
w crease OF $500 tons in vessels in the foreii
n trade. and 81, ,754 tons in domestic trade.
I,- DISTRIBUTION OF CARRYING TRADE.
er OF the merchandise brought In at seaboar
le lake. and river ports during tho fiscal ye
So 1888 an amount equal in value to sl36 6OO2 2
o! was imported IN American vessels. and val
nj OF 1864 1856 in foreign. OF the exports
,h merchandise n value OF $l0I.4lS2lO "
10 shipped in American, aud Q value of 1864, ,S3
80 3i8 In foreign vessels. OF the combined II
nt ports and exports OF merchandise, 1854 =
D. cent was conveyed in American. and Sl.35 y
ny cent in foreign vessels.
or INCREASE OF OUR COMMERCIAL MARINE
lis 1t Is not an agreeable reflection that t
go freghtage on 81 per cent. OF our commerc
20 imports and exports should be paid to ali
on shipowners Can this be helped by the remO'
n of hIlrdsns laid by law? OF those now direc