US Presidency
1847

Good policy, no less than a faithful compliance with our treaty obligations, requires that the inconsiderable appropriation demanded should be made. A detailed statement of the condition of the finances will be presented in the annual report of the Secretary of the Treasury. The imports for the last fiscal year, ending on the 30th of June, 1847, were of the value of $ 146,545,638, of which the amount exported was $ 8,011,158, leaving $ 138,534,480 in the country for domestic use. The value of the exports for the same period was $ 158,648,622, of which $ 150,637,464 consisted of domestic productions and $ 8,011,158 of foreign articles. 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.