Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1826-12-08

Win lhe Asneiscan Government. of ti,, ien;s,,he,,
we continue tomain,an intercourse altogether friend
~ aud between Their nations aud that commercial
Interchange OF which mutual benefit is the source ana
utual comfort and harmony Tho result is in cont,u-
ual state OF Improvement. The war between Spain
ana tein siece the total expulsion of the Spanish mil
itary orce from Their continental territories has been
little more than nominal; aud their internal apOu;,y
though occasionally nenared by the ao-ta,ions which
civil wars never fail 10 leave behind item has not been
affected by any serious calamity.
The COtgress of Ministers !rcin several Of those ma
ions winch assembled nj Panama, after short session
there, adjourned TO again, at more favourable
season, in the ,cg!bo,hood Of Mexico The decease
II one ofour Ministers his way 10 the lsthmis a ad
The appointments u tire season, which DELAYED the de,
pariurc Of the other, deprived of Tie advantage OF
being represented at the first meeting of the Congress-
iheIe IS however, no reason 10 believe any at the
transactions OF the Congress were of nature TO affect
i1arioUsy the interests OF the United States or 10 re-
quire the nterposor OF Minis ers had they been
present. lher absence has, indeed, deprived us ofthe
opportunity OF possessing precise and authentic inor
nation OF the treaties which were concluded nj Pima,
ma: and the whole result has conirnc, me in the con
vtcon o hc eXpPdienCy TO the United States OF heiac-
represented at the Congress The surviving member
Oh the MISSION, appointed during your last session. has
accordingly proceeded To his dcstiD aou. and success
sor TO his distinguished aud ialnented associate will be
nominated to the Senate Treaty of Anity. Nay
CATION, and Commerce, has, in the course Of the last
summer been concluded hy our Minister Plenpolcn
ary al HlexSo, will' The United States ofiha Confed
eracy, Which will a.o be laid b.c;re the Senate for
their advice with regard to lis ratification.
l" adve:'Ing 70 the present condition OF fiscal
concerns, and 10 the prospects, oF Revenue tie
ms remark that calls attention. is that they are
less cxoHranty prosperous ihan they rcere at the cor
respond period Of the last year. The severe shock
so extensively sustained bv the cal and rno,
featuring interests in Great Britain has not been ~ m
out a perceptb,e recoii upon ourselves A reduced
Importation FROM abroad necessarily succeeded by n
reduced return 10 the freaa'ry at home The net re
venue ct the present year " III equal thar of the
last And the receipts Of that which il TO come will
ai''crt CT t.io.c Ia the current year. The dinutiou
however IS IN part attributable the furnishing con
dillon oi some of domestic manufactures and so
is compensated by an equivalent more profitable TO
the nation Ii also highly gratifying to perceive ta,
INC dchcucy IN the revenue, while ii scarcely exceeds
The anci?aons % the last years estimates from the
treasury, has not interrupted the application of more
than eleven millions during the present year TO the dis
charge ct thc principal and interest of the debt nor
Tie rcicchoa OF upwards of seven millions of th, ca
pita deb; ITSELF The balance In the Treasury on te
first of January last, was five millions two hundred
aud one Thousand six hundred and ftv dollars and forty
'niee CENTS The receipts from that time to the 30h
"I september last were nineteen millions five hundred
ana eighty 1--we thousand nine hu ored and thirty two
dollars and fifty cents. The receipts of the current
quarter estimated nj six millions OF dollars Weld with
the sums already received 4 revenue OF about twenty
Ave millions and a half for the year The oxpepdi
lures ;r the three first quarters of the year have a.
mounted 10 eighteen millions seven hundred and four
teen Thousand two hundred and twenty six dollars and
sixty So cents The expenditures Of the current omar
ter are expected, including the two millions OF the
principal deb; to be paid balance the receipts So
that the expenses OF the year, amounting 20 upwards
oil iniion less than its income, Illcave a propor-
tohaiy increased balance IN the Treasury on the first
"t january 1877, over that OF the first OF
Instead OF five millions hundred thousand there
'Fil be SIX millions four hundred thousand dollars
ne amount OF Duties secured merchandise I'M
pJFteo rom Tue commencement of the year until the
j0ih OF September, is estimated at twenty one millions
two hundred and fifty thousand dollars and the amount
!'a' vi" probably accrue during the present quarter,
IS estimated at four millions two hundred and Gtv
thousand, making (o the whole year twcnty>iiyc mil
lions and half, GG'n which ;e drawbacks being de,
Quoted, will leave clear revenue from the customs
rcceVabe IN The year 1924 of about twenty millions
four hundred thousand dollars. which, with The sums
10 be received from the proceeds OF Public Lands the
Sank Dividends, and other incidental reccipts will
form an aggregate of about twenty three millions
sum falling short OF the whole expenses Of the nreent
year little more thas tie portion OF those expenditures
applied 10 the discharge o tie Public Debt beyone lie
annual appropriation Of ten millions b. the act of I'd
iaIch, 1917 ut the passage Of Chat act, tie public
debt amounted TO one bundrcd aud tF2uy three mil
Mons and halt. On the first of anIarv next II ~
be short OF seventy four millions la the lapse OF .Acc
Ten years hy millions Of public debt with the annual
charge OF upwards of three millions Of interest unon
them, havebeGn distinguished. & tie passage of that
act OF The annual appropriation Of The ten millions &C
ven were absorbed iii The payment of interest and not
more Than three millions went 10 reduce the capta
OF the debt. vi Tue same ten millions, at tiis time
scarcely tour are applicable 10 the interest and upwards
o SIX are effective in melting down tie capaI Yet
our experience has proved thaI revenue consisting
so i"rgey OF nPosts and tonnage ebbs and flows to an
extraordinary extent with ali the fluctuations incident
TO the general commerce. cf the void IT is within our
Fecoi!ecion HAT eyeBin the compass of the same last
len years, the rccaiis IF e Treasury were not ade-
qn1'e to the expenditures of the wear; ard that in ,vo
successive years 1t found necessary 10 resort 20
loads TO meet the engagements Of the nation The
returning tides OF the succeeding years epIeused The
pubic GOLFERS, until hey have begun feel the yicis
s''nde OF decline TO produce these alterations Of
'uiness ald exhaustion The relative operation Of abu n
d"nt or OF unt un scasUns, the regulations of 10 reign
Governments, political revolutions, The prosperous or
ueGayihS condition OF manufactures commercial spe-
culations and many other causes nr a1yars r. he
traced, varousiy combine. VIZ have found the alter
naie sweii5 and diminuons embracing periods of from
TWO 10 three years The lat period OF depression TO
Us was ron i8i9 TO 1922 The corresponding revival
was from 1923 10 tie commencement of The present
year Still we have 10 cause 10 apprchcnJ a dcprcs.
SION comparable 10 shat oi the former rerioJ or even
10 anticipate deficiency which viii inirruch upon the
2pDiX Tho .,t.n ,,f To-,