Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1822-01-01

thousand tsso hundred and eightv-eie hi
dollars forty cents, leaving in the
Treasury, on the last mentioned day, the
sum OF one million seven hundred and
sixty-two thousand three hundred and
seventy dollars forly-four cents.-It is
estimated that the receipts Of the fourth
quarter of the year will exceed the de-
mands which will be made on the Trea-
sury during the same period, and that the
amount in the Treasury on the 3oth of
September last, will be increased on the
ist day Of. January next.
Attic close of the last sesaion, it was
anticipated that the progressive diminu-
sion Of the public revenue in 1919 and
1920, which had been the result Of the
languid state of our foreign commerce
in those years, had, in the latter year,
reached its extreme point of depression.
1t has, however, been ascertained, that
that point was reached only al the ter
mination of the first quarter of the pre-
sent year. From that time, until the 3oth
of September last, the duties secured
have exceeded those of the correspon-
ding quarters of the last year, one mil
lion one hundred and seveny-,wo thou
sand dollars, whilst the amount OF deben-
lures issued during the three first quar-
tiers of this year. is nine hundred and fif-
ty-two thousand dollars less than that Of
the same quarters Of. the last year.
There are just grounds to believe chat
the improvement which has occurred in
the revenue, during the last MENTIONS
period, will not only be maintained, but
that it will progressively Increase
through the next and several succeeding
years, so as to realize the results, which
We're presented upon that subject, by the
official reports OF the Treasury, at the
commencement OF the last session Of
Congress.
Under the influence Of the most I'M
favorable circumstances, the revenue for
the next and subsequent years, to the
year 1925, will exceed the demands al.
present authorized by law.
Hmay fairly be presumed, that, under
the protection given to domestic manu-
features, by the existing laws, we shalt
become, at no distant period, manutac-
turing country, on an extensive scale.
1
in such vast amount, with capacity to
augment them to an indefinite extent );
raising within the country aliment OF eve
ny kind, to an amount far exceeding the
demand, for home consumption, even
in ihemost nnfavorable years, and TO be
obtained always at very moderate price;
skilled also as our people are in the me-
RI artc md in
calculated to lessen the demand for, ard
the price of labor, it is manifest that their
success, in every branch of domestic m
dustry, may, and will be carried, under
the encouragement given by the present
duties, to an extent to meet any dem and,
which, under fair competition, may DC
made on it.
A considerable increase of dom este
manufactures, by diminishing the i'm
portation of foreign, will probably tend
to lessen the amount OF the public reye-
nue.. AS, however, a large proportion
of the revenue, which is derived from
duties, is raised from other articles than
manufactures, the demand iorwhich will
! increase with our population, ii is be-.
lieved, that fund will still be raised
from that source, adequate to the great
or part of the national expenditures, es-
.pecially as those expenditures, should
we continue to be blessed with peace,
will be diminished by the completion of
: the Qualifications, dock yards, and Other
! public works; by the augmentation OF
the navy to the point to which it is pro-
posed to carry II, and by the payment OF
the public debt, including pensions for
military services,
1t cannot be doubted, that the more
complete our internal resources, and the
less dependent we are on foreign powers,
for every national, as we'll as domestic
purpose, the greater and more stable will
be the public felicity. BY the increase.
Of domestic manufactures, will the de-
mand for the rude materials at home be
increased, and thus will the dependence
OF the several parts Of our Union on each
other, and the strength ofthe Union ITSELF,
be proportionably augmented. In this
process, which is very desirable, and in
I eyitable under the existing duties, the re-
sources which obviously present them
selves to supply deficiency in the reve-
nue., should it occur, are the interests
which may derive the principal benefit
from the change. If domestic manufac-
lures are raised by duties on foreign,
the deficiency in the fund necessary for
public purposes should be supplied by.
/. r. ~ 1..c