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Domestic News
July 1, 1850
Portage Sentinel
Ravenna, Portage County, Ohio
What is this article about?
The newspaper acknowledges receiving a bound copy of the 1849-50 financial report from Hon. John Crowell, M.C., and critiques Secretary Meredith's estimates of a sixteen-million-dollar deficiency to push Whig tariff policy, noting actual treasury receipts exceeded projections.
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We are under obligations to Hon. John Crowell, M. C. of this district, for a bound copy of the "Report on the Finances, 1849-50."
This is the Report in which Secretary Meredith, for the purpose of inducing a return to the tariff policy of the whigs, estimated a deficiency of over sixteen millions of dollars, and asked Congress to provide for a loan of that amount to meet it, when the receipts into the Treasury for three quarters of the year overrun the estimates of the great financierer for the whole year.
This is the Report in which Secretary Meredith, for the purpose of inducing a return to the tariff policy of the whigs, estimated a deficiency of over sixteen millions of dollars, and asked Congress to provide for a loan of that amount to meet it, when the receipts into the Treasury for three quarters of the year overrun the estimates of the great financierer for the whole year.
What sub-type of article is it?
Politics
Economic
What keywords are associated?
Financial Report
Tariff Policy
Whigs
Treasury Deficiency
Secretary Meredith
John Crowell
What entities or persons were involved?
Hon. John Crowell
Secretary Meredith
Domestic News Details
Event Date
1849 50
Key Persons
Hon. John Crowell
Secretary Meredith
Event Details
Acknowledgment of receiving a bound copy of the Report on the Finances, 1849-50 from Hon. John Crowell, M.C. The report estimated a deficiency of over sixteen million dollars to advocate for Whig tariff policy and requested a congressional loan, despite treasury receipts for three quarters exceeding full-year estimates.