Rensselaer Union, Volume 9, Number 27, Rensselaer, Jasper County, 22 March 1877 — Decreased Revenues. [ARTICLE]

Decreased Revenues.

The decline in duties fras imported goods has become so greet iw seriously to embarrass the revenue, and call for the utmost economy in the trausao* tion of the business of thegoveramuitt. it may possibly necessitate a tempo* rary increase of the debt, or tbefovy or some additional taxes. In 1874 (Ire value of products imported into tbs United States was, in round numbers, $316,000,000; in 1875, $367,000,000; in 1876, $300,000,000. l'bis Is a heavy failing off in two years, but It la really for the good of ibe country, placing the balance of trade in our mvor, but it is embarrassing to the revenue, from which certain expenditures must necessarily be made, lu 1672 the revenue from custom duties was $212,600,000; in 1878, $185,000,000; in 1874, $160,500,000; tu 1875, $157.500 000; and in 1876, only $148,000,0001 Thus there has been a decline since 1878 of $26,000,000. But for the present fiscal year, ending June 30,1877. the decline will' be still more merited as it is belie veu the revenue from not amount to more than $l»i000,0ou. In the first six months of the current fiscal year the decrease i» >30.600(000 as compared with the same period of the last fiscal year. No one iieed be alarmed at this decrease. It In just what the country needs. It shows that the country is beginning toltvb within its income, and It Is «b« beginning of the final step of to specie payment. W and export more Is what we b*W» long needed 'to do. Ml M S WWthMf of course this moat be jfcttfc a. decrease of Oronfote. i —-—■ ■