American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1826-12-06

The Congress of Ministers Iiom several oil those
nations which assembled al Panama, alter short
session there, adjourned TO meet again, at more
favorable season. in the neghborhoo oil Mexico
The decease Of OF our ministers on his way TO
the Isthmus and the impedlments Of the season.
which delayed The departure OF the other, deprived
US Of the advantage of being represented at The
first meeting OF the Congress. There is, however
no reason to believe that any of the transactions OF
the Congress were of nature to affect inlurlously
the interests OF the Uned States, or to require the
interposiiion Of cur Ministers, had they been pre-
sent. Their absence has indeed deprived us OF the
opportunity OF possessing precise ard authentic IN
formation Of the treaties which were concluded at
Panama and the whole result has confirmed me IN
the conviction OF the expediency to the United
States Of being represented at The Congress. The
surviving member OF the Mission, appointed during
your last session, has accordingly proceeded to his
destination, aud a successor to his distinguished
and smensd associate will be nominated 20 the
Senate. A Treaty Of Amiiy, Navigation, and
Commerce, has, in the course OF the last summer,
been concluded by our Minister PlenipoteDary al
Mexico, with the United STATES Of that Conlederacy,
which will also be laid before the Senate, loT Their
advice with regard to its ratification
In adycrting to The present condition of our fiscal
concerns, and to the prospects OF our Revenue the
first remark that calls our attention, IS, that they
are less exuberantly prosperous than they weie at
the corresponding period OF the last year he
severe shock so extensively sustained by the com
mercia and manufacturing interests IN Great Bri
tain, has not been without peceptlble recoil upon
ourselves. A reduced importation tom abroad Is
nect ssafily succeeded Ivy reduced return TO the
Treasury at home. The net revenue OF the pre-
sent year VIII not equal that Of The last And the
receipis Of that which is TO come will fall short OF
those 10 the current year. The dlminntion, how
ever, is IN part attributed 10 the hourlshng condi
ton Of some OF our domestic manufactures, and so
far is compensated by an equivalent more prohta.
BILE to the nation. Ii is also highly & auiying to
perceive that the deficiency IN the revenue, while
it scarcely exceeds the anIicipat ons OF the last
years estimates item The Treasury, has not inter
rupted the application Of than eleven millions
during the present year, to the discharge Of the
principal and interest OF The debt nor the reduction
Of upwaids Of seven millions o, the capital debt
itself. The balance in the Treasury on the first Of
January last was five millions Two hundred and one
thousand ak hundred ard fifty dollars and forty
three cents. The receipts from that Tune TO the
50th OF Septe mber last, were nineteen millions ave
hundred and eight y-fye thousand nine hundred and
thirty two dollars and fifty The receipts OF
the current quarter, estimated at six millions OF
J dollars, yield, with the sums already received a
trevenne Of about twenty five millions and hall
Tor the year The expenditures Tor the three III
quarters Of the year have amounted TO eighteen
millions seven hundred and fourteen thousand Two
hundred and twenty six dollars and sixty six cents
, | The expenditures OF the current quarter
peced, including The two millions OF the principal
debt to be paid, TO balance The receipts. SO that
the expenses Of the year, amounting 70 upwards Of
million less than its income, viii leave proper
onaly increased balance in The Treasury on the
frs, OF January 1927, over that OF the first OF Jan
uary last. Instead OF five millions two hundred
thousand, there will be six millions iour hundred
thousand dollars.
The amount Of duties secured on merchandise
, Imported from the commencement OF the wear I'M
til the 30th OF September, is estimated at twenty
one millions two hundred and fifty thousand dol
i lars and the amount that will probably accrue du,
rlng the present quarter. is estimated at four mil
lions two hundred and fifty thousand, making foi
the whole year twenty-five millions and half
4 from which the drawbacks being deducted. will
leave clear from the customs, receivable
. in the year 1927, Of about twenty millions foul
hundred thousand dollars, which, with the sums tc
be received from the proceeds of Public Lands, the
Bank Dividends, and other incidental receipts
will form an aggregate 0t about tWenty-three mil
c lions, sum falling short Of the whole expenses o.
j. the present year, little more than the portion d
those expenditures applied to the discharge of tn,
public debt, beyond the annual appropriation OF tel
e millions, by the act Of ST. March, Sly At tbs
passage Of that act tile public debt amounted to one
:, hundred and twenty three millions and half. Or
n the first Of January next it will be short of scSen
n ty.tour millions. In the lapse Of these ten years
fifty millions of public debt, with the annual charg,
Of upwards Of three millions Of interest upon them
have been cxtinguished. At the passage of tina
IS act, of the annual appropriation Of the ten millions
at seven were absorbed in the payment ct interest
lie and not more than three millions went to reduce
I the capital OF the debt. OF the same ten millions
at this time scarcely four are applicable to the in
lie terest and upwards Of six effective in mcitin!
down the capital. Yet our experience has proyet
G. that revenue consisting 50 largely Of impost ant
tonnage, Gibbs and flows To an extraordinary extent