CUSTOMS REVENUE
\kˈʌstəmz ɹˈɛvənjˌuː], \kˈʌstəmz ɹˈɛvənjˌuː], \k_ˈʌ_s_t_ə_m_z ɹ_ˈɛ_v_ə_n_j_ˌuː]\
Sort: Oldest first
-
For the laws relating to the customs, see art. Tariff. The Continental Congress desired to have a revenue from customs, but the States would not all agree to this. From 1789 on, a great part of the revenue of the Government has been derived from this source, about five-sixths from 1789 to 1830, except in war-time, sometimes more than nine-tenths in the period from 1837 to 1861, and from one-half to three-fifths in the period since 1868. At first amounting to about $3,000,000 per annum, customs have of recent years averaged about $200,000,000.
By John Franklin Jameson
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"