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Fiske, John, 1842-1901

"Volume 4, part 3: James Knox Polk"


The receipts into the Treasury for the same period amounted to
$26,346,790.37, of which there was derived from customs $23,747,864.66,
from sales of public lands $2,498,335.20, and from incidental and
miscellaneous sources $100,570.51. The last fiscal year, during which
this amount was received, embraced five months under the operation of
the tariff act of 1842 and seven months during which the tariff act of
1846 was in force. During the five months under the act of 1842 the
amount received from customs was $7,842,306.90, and during the seven
months under the act of 1846 the amount received was $15,905,557.76.
The net revenue from customs during the year ending on the 1st of
December, 1846, being the last year under the operation of the tariff
act of 1842, was $22,971,403.10, and the net revenue from customs during
the year ending on the 1st of December, 1847, being the first year under
the operations of the tariff act of 1846, was about $31,500,000, being
an increase of revenue for the first year under the tariff of 1846 of
more than $8,500,000 over that of the last year under the tariff of
1842.


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