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Thus congress completely abandoned the principle of the tariff; and substituted a mere fiscal impost for a system of protective duties. The government of the Union, in order to conceal its defeat, had recourse to an expedient which is very much in vogue with feeble governments.
Officially, he was procurator fiscal for the county, the setter in motion of all criminal processes, and generalissimo, so to speak, of the police; and one way and another, he had the reputation of being a very comfortably well off gentleman indeed.
The Administration will propose authority to contract for 35 thousand additional public housing units in each of the next 2 fiscal years for communities which will participate in an integrated attack on slums and blight.
The Budget for 1932 fiscal year indicates estimated expenditure of about $4,054,000,000, including postal deficit. The receipts are estimated at about $4,085,000,000 if the temporary tax reduction of last year be discontinued, leaving a surplus of only about $30,000,000. Most rigid economy is therefore necessary to avoid increase in taxes.
On the one side, the National Republicans united in the position that the Administration had been entirely in the wrong, and that the welfare of the country demanded a great fiscal institution of the character of the Bank. On the other side, the Democrats, deriving, indeed, a new degree of unity from the controversy on this issue, upheld the President's every word and act.
"And her to come of decent folk down there by Killibegs," he exclaimed in opening the matter; "no rapparees out of Connemara but O'Neil's blood to a man, both Bridget and all her kindred before her!" "What's the matter now?" said the Fiscal, who with much secret satisfaction had come to have that made plain which had troubled him so sorely before.
Retaining a sufficient surplus in the Treasury, the loan required for the remainder of the present fiscal year will be about $18,500,000. If the duty on tea and coffee be imposed and the graduation of the price of the public lands shall be made at an early period of your session, as recommended, the loan for the present fiscal year may be reduced to $17,000,000.
His wallet of jewels, too, had vanished, so that the poor Duke had never a spare snuff-box or a change of rings. More wonderful still was the official declaration made and sworn to before the Fiscal and Sheriff. The attack had been made entirely for the purpose of robbery, by Ebenezer McClure and a band of malefactors, collected by him for the purpose.
The premium has been paid into the Treasury and the sums awarded deposited in specie in the Treasury as fast as it was required by the wants of the Government. To meet the expenditures for the remainder of the present and for the next fiscal year, ending on the 30th of June, 1849, a further loan in aid of the ordinary revenues of the Government will be necessary.
The Secretary of the Treasury estimates that the receipts for the current fiscal year will aggregate $580,000,000 and the expenditures $500,000,000, leaving an excess of revenues over expenditures of $80,000,000. The present condition of the Treasury is one of undoubted strength. The available cash balance November 30 was $139,303,794.50.
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