The sun., 1883-12-05

custom. under the present sws ,Sn, gi n snc
that the repeal. Of internal revenue taxes pro;
p sst tpo The he gS q
Revenuo estimates that the aggregate amount |
a thnn %Sds per n T s
s6.000000 OF taxes on deposits OF national
banks; but he further estimates that inc in,, IN n
augment the revenues from that source as to
make the aggregate receipts & from @ intfrna term t5 rey
800, 900 less than those for the preSeding % year;
70 be- about less than the
then, n reduction of s3O.0OO.OOO less than was
sought for and expected.
THE NEW TARIFF
Tho now Tariff act went into operation on
the 1st day OF July. 1883 wherein tho nrovi-
Ss eIes Il Il simSated 'i inportaons thereof i'm
mcdiately before the 1st day Of July. The
gGG%ds wsr9 put in sendSa tSa Say @ l1
Of duties at t the the new new rates. Wherein it In
ernased the duties tas 1t did in some Instances;
atimulated i'm portations prior to the lsL dny OF
eiIt Of tho lower rate prevalent up to that date.
These accelerated imnortntions Tqre, as a nat
OF the same articles alter the lazy took effect;
so that tho :. lasting effects OF the apb,i.
sauSry son OF may II s the knows S q eSe
certainty. either in the general result upon the
volume of revenue TO DO yielded by duties
upon imports. or In It's particular results upon
especia classes of goods and especial branches
Of domestic Industry.
late MS to certain Industries and businesses as
to effect reduction orsuspension of tho revenue
or '' trailing adj; in NJ distilled spirits or Who havs
made loans or advances ot money thrroons
will bo earncRt In CndeavOr Tor nm extension oil
thp hputpl pgriDu. IL is not unlikely that Con-
gress will listen to thoir appeal An extension
Of the bonded period vii elect ] rsdncn0n no ,h oi
| whole. then this department does nnt reeom-
mend an Immediate revision OF the Tariff act
| 1t adherea, however. to it's conviction that ul-
| tim,Itely the Just and expedient method of re-
| lief from taxation. and of limiting the revenues
must DO found In reduction of the duties on
| Imports.
THE INTERNAL REVENUE SYSTEM.
Propositions nre made to repcal the he, whole
| system OF internal revenue. As TO THIS. re-
sentiment or political action indicating n do
sire on the part OF taxGaying citiZchs 10 strike
All other internal revenue tnxes have been
amounting. ,ss estima ted to SIT 300 900. and on
| the circulation OF national banks. 1he repeal
part have recommended. As the abolition of
| Nil internal revenue taxes is u propositon
Which may be mPds and rressISd S1ra s9me data data
house on June 80. 1899. are estimated ut more
than $1,000 Yoo Taons Ins Iuahtity Of diS.iiiea I'd
customs bonded warehouses. on Oct 1883. is
estimated by the Commissioner OF Internal
| keNenue as follows:
ry nn sa .nsfN ."r n"n1s SsSsrs
Iu hands of retail liquor dealers...'.''''. 2SlSo@s
Total. .........Ii5 D4s 2:p,
Tho quantity in bond upon which the tax is
| parable brtwccn Nov. ii. 1883. ana June W.
1854. is u 997 .f70 gallons, tho tax on which is
SO 1877 gD3.
The quantity upon which the tax is paynbo
during tic fiscal year ending June 80. 1885. is
5U5475
The quantity upon which the tax Is PAYABLE
during the fiscal year ending June 50. 1856. is
15.35G.u3 gallons. the tax on which is sl3.-
A reduction Of tho tax on whskey, in bond to
80 cents n gallon would reduce tho revenue
about s7.GoO.oOo for the current year % were 1 thG
reduction to take effect from Nov. IA, 1883, ana
about 35OO,oOO in the year ending June 80
In connection with this subject i, is deemed
proper to call attention TO the tact tlat the to-
tai number of gallons OF distilled spirits pro
mnte n@fea at at q y' S about " 5ooo6o % less thau
all in bonded warehouse June 80. 1888
un"Ss to M meet sn.s the pnym"nt ia Of taxes thereon
as they fall due. They havo to some extent ex-
ported them rniher than to pay tax: 1t is IKE, x,
time OF payment OF such taxes. They may ask
for rereal or modification Of them
| The esl mates OF receipts from taxes on dis
taxes thereon falling due the current year
amounting TO ncnriy S2O.OuU.ouo.
FOREIGN COMMERCE.
The foreign commerce of tho United State.
during the last fiscal year including import
and exports OF merchandise anu sDcclc. was ii
| fOllows
Exports: Msrsnanai"o ss3i {: ., 3s g 4,
ss'55 5G, ~
Imports: Mercl,aualss, s72s lsool
Specie, ....'.',.'.''',''''''''''' 2S.ise ."
Total s75i.G7oao 30
r a. ID; the year ended 5, o,7 m ..
Im,porrs ) and ~ ports during the year ende,
Increase Observation-Disclosures. $lo25sai
J The excess of exports Of mcrchandise owe
imports thereof during tho last eight years i
, shown as follows:
! Year ended June 30
1879 1879 s5GP r, q, 's, -, issG s slS5 g 4s 41
s5s 5s5s s5st s,t s ss3 ss3 lSSSss SSis s
The value of exports Of domestic merehan
disc during the year ended June 30. 1883 wa
s8O4 G82. as against 1898. 239. 1872 during u
| preceding fiscal year. an increase OF S70. 900
. Thc value of the imports Of merchandise int
50, lssa, amounted 10 s72s,iS99l4, as asans
. a decrease OF si.15s6Co During the isca
:; year ended June 80, 1858, the value of tn
amounted to s3l. $50 333 Ms against $40 All n
L during tho preceding year, decrease OF sI7.
| JI,lt
s2S 1891, as against t42. 800 during tn
v preceding year. n falling OH Of $l39S2 900.
y There was during the fiscal year Just close
. an excess of exports over imports of gold an
, silver coin and bullion amounting to s.. $50. 81.
Z as against s69l5O OSo during tho preceding veal
/. TONNAGE OF VESSELS OF AMERICAN OWNERSHIP
Tho tonnage Of vessels owned in the Unite
n States Mt the close Of the fiscal year 1883. al
y cording to the records Of the Register Of tn
= Treasury, was ,235 +S7, ,25t tong. Ofthis amour
: / 1902 65 tons We're in 2.17i vessels. regis
= tered for the foreign trnde and 933, ,392 60 |
y 22O43 vessels. enrolled and licensed for tn
4 coasting trade nnd fisheries. There was an in
v crease Of 81 800 tons in vessels in tho foreig
\ trade and 50, ,754 tons in domestic trade.
DISTRIBUTION OF CARRYING TRADE.
r or the merchandise brought IN at seaboar,
Q lake. and river ports during the fiscal yea
3 1888. an amount equal in value to sl36 ,OO2 29
! WAS imported in American vessels and yalu
. merchandise. n value of tl04.4lS.2l0 va
. shipped in American. and value OF 1904 ,33l
8 348 In foreign vessels or the combined in
I ports and exports OF merchandise 1854 y,
!. cer,. was conveyed in American and Sl.35 pt
v nant in foraiRu yessala