The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1826-12-14


that Contederacy, which will also be laid
| before the Senate, for their advice with
regard to its ratification.
! In adverting 10 tie present condition Of
! our fiscal concerns, and 10 the prospects
Of our Revenue, the first remark that calls
our attention, is, that they are less cxu-
berantly prosperous than they were at the
corresponding period OF the last year.
! The severe shock 50 extensively sustain-
ed by the commercial and manufacturing
interests in Great Britain, has not been
without percepuble rec oil upon ourselves.
I a reduced Importation from abroad is ne
cessarily succeeded by reduced return
TO the Treasury at home.--The net reye-
nue. of the present year will NOT equal that
OF the last. And the receipts of that
which is to come will fill short of those i'm
the current year. The diminution, how
ever, is in part attributable to the flourish
ing condition of some Of our domestic nm
nuiactures, and 80 far is compensated bv
an equivalent more profitable Ia the ma.
ton. IL is also highly gratifying to per-
ceivo, that the deficiency in the revenue,
while IL scarcely exceeds the anticipa-
tons of the last years estimates from the
Treasury, has not interrupted the appli-
cation of moro than eleven millions dur
ing the present year. TO the discharge of
the principal and interest Of the debt nor
the reduction of upwards of seven millions
of the capital debt ltscl... The balance i'm
the treasury on the first Of January last.
was five millions two hundred and one
thousand six hundred and fifty dollars and
forty three cents. Tho receipts from that
time to the 30lh September last, were nine
teen millions five hundred and eighty five
thousand nine hundred and thirty two dol
lars and fifty cents. The receipts Of the
current quarter, estimated at six millions
of dollars, yield, with the sums already
received, a revenue Of about twenty-five
millions and half for the year. The ex-
pendltures for the three first quarters Of
the ,ear have amounted To eighteen mil
lions seven hundred and fourteen thou-
sand two hundred and twenty-six dollars
and sixty-six cents. The expenditures of
the current quarter are expected, includ-
ing the two millions Of the principal dobt
TO be paid, to balance the receipts. So
that the expenses of the year, amounting
TO upwards Of million less than It's in-
come, will leave a proportionally mcrcss-
ed balance in. the Treasury on the first of
January, 1927, over that OF the first of ia
naary last. ins.caa of five m,llions two
hundred thousand, there VIII be SIX ,nil-
lions four hundred dollars.
The amount of duties secured on lnef-
chandise imported from the commonce-
ment Of the year until the Goth of Sept.
10 estimated at twcnty-ono millions two
hundred and fifty thousand dollars, and
the amount that will probably accrue dur
ing the present quarer, is estimated ut
four millions two hundred and fifty thous-
and, making in the whole year twenty
five millions and a half, from which tho
drawbacks being deducted, will leave
clear revenue from the customs, receiva-
Bile IN the year 1897, of about twenty mil
lions four hundred thousand dollars, which,
with the sums 10 be received from tho
proceeds ofPublic Lands, the Bank Divi-
dends and other Incidental receipts, will
form an aggregate Of about twenty three
sum falling short Of the whole
cxpences OF the present year, little more
than the portion Of those expenditures ap-
Piled TO the discharge of the Public Debt,
beyond the annual appropriation OF ten
by tho act Of 81 March, 1917.
AT the passage Of that act, the public debt
TO one hundred and twenty
three millions and half. On the first Of
January next, il will be short OF seventy
four millions. In the lapse Of these ten
years, fifty millions ofpublic debt, with tho
annual charge Of three millions Of interest
upon them, have been extinguished. At
the passage Of that net, of the annual up-
preparation Of the Zen millions, seven were
absorbed in the payment Of interest, and
not more than three millions went 10 re-
duce the capital debt. Of the same ten
millions. Rt this time scarcely four are ap-
plicable 10 the interest, and upwards Of six
are effective in melting down the capital.
Yet our experie has proved that rev.
enuc consisting SO largely Of imposts and
tonnage, ebbs and flows on an extraordina-
~ extent, with all the fluctuations incident
10 the general commerce Of the world. IL
is within our recollection that even in tho
compass Of the same last ten years, the re-
ccipts OF the Treasury we're not adequate
10 the expenditures Of the year; and that iu
two successive years II was found Dccesss-
~ 70 resort 10 lo1Ds to meet the engage
menis Of the milton. The returning tides
Of the succeeding years replenishcd tho
public Golfers, until they have again begun
feel the yiclssitude Of n decline. To
tuce these alterations Of funess and ex-
on, the relative operation Of abundant
nd uniruitful seasons, the regulations Of
reign Governments, political revolutions,
the prosperous or decaying condition Of
manufactures, commercial speculations,
and many other causes, not always 10 be
traced. .yariously combine.-We have found
tho altcrpafivo omollc aud d,rn,n,,,ou nm.