The Litchfield County post., 1827-12-27

and there have been at other Cpochs didcren- Ces much more considerable, which need not be leiallcd.
 The balance of G,aG0, 1885, that will prob- ably he m the Treastiry On the lst of Janua- " 1898, will be subject to the following char grs 1. The ballance of unapplied apprOpr
 aiiOns which will remain to be satisfied afte
 the list of Jan. 1928, estimated at 5,680, ,OO0 2 About one million of dollars in funds that cannot be considered as effective being made up of debts due from banks in several Of the states, heretofore used by the government as banks of'depOsite, or the notes of which were received whilst payments m specie were sus- pended. As was stated in former report the recovery of these debts, though meas
 Ures to that end are in train, must, in many
 instances be regarded as doubtful, and will
 probably be slow in all. 8. The sum of 317,-
 G3O, being the amount which it is believed will remain unpaid of the moneys received
 under the first article of the treaty of Ghent.
 Estimate of the Public Rerenue, and Eapendi- lure Jor 1928.
 The value of importati0ns into the United States during the last year ending on the 30th
 of Septembpr last, is estimated at 81 ,O0O ,000 OfdoIlars. The exportatiOns for the same pc rod are estimated at eighty millions. When the more exact statistical returns for the year are laid before Congress, as they will be Tn { the course of the session, it will be perceived, ] that there has been dimiuuti0n in the im 1 ports from China during the present year, as 1 compared with the past. The dimnutlOn has been very considerable, both in teas and silks This fact will show, in the end. the
 greater excess of importatons from Europe during the present year, whence our foreign
 manufactures are chiefly derived. The fourth year is now in its progress since the passage of the act of Congress augmenting the duties
 on imported merchandise. We are therefore
 at point enabling us to speak on grounds I more authentic than hitherto of the effect of that act upon the foreign commerce of the l nation. By comparing the time that has e. ] lapsed since its operation. with an equal por- ton of time that preceded, 1t appears that both the imports and exports have, in the az gregate, increased. They stand thus Total ! value ofinlpOrtations for the years l 1922, 1928 & l824 S24l, 900, 900. Total value of expOr tations for the three latter years, S257 .O00.-
 900. Fractions are drr pped both ways. The result is not effected by the re-cxportatlons of foreign merchandise for the same time, V hich bear a proportion as nearly as may be equal on the basis of importations and expor- tations, for a term of six years, those for 1927
 are 2 iven by estimate only, for portion ot the year but it is not believed that there will
 he any such change in them as to shake the
 general results. The articles of domestic
 manufacture exported in 1927, are estimated it upwards of seven millions of dollars; sum greater than that to which they have ever be- fore amounted in any one year.
 tariff of duties upon foreign productions
 may without doubt be so valued as to affect inluriously, the interests of foreign commerce.
 To suppose that the Tariff of the U. States, established by the act of May, 1924, is at
 such pitch. would be contrary to analogies
 afforded by the history of other commercial
 natiOns and thus far to the experience of our own.-lt is believed. on the contrary, that its
 rates might be augmented in important par ticulars, without hazarding any such cOnse
 quences to foreign trade,i in its ultimate course
 and aggregated value: and that true nation al policy dictates their augmentation. The
 increase of our imports and exports since the
 Tariff of 1924, becomes the more striking from the consideration that in 1926 there was witnessed in Europe an extraordinary de- pression of prices. This was follo-ed by proportionate stagnation in all the operations of purchase and sale. The evil assumed magnitude, productive, in that hemisphere, not only of great individual suffering, but of anxiety in Governments. It was at moment that we began to reap the benefits of the prof. itable turn given to portion of the industry of our own country by the provisions of the taria.-Had it not been for the demand of our own manufactures for some of the agri- cultural staples of our country. the prcsump- ton is authorised that the fall ofprices in Flu rope at that period would have been different
 y felt by our agricultural classes here. Sim
 liar occurrences abroad had, on former Occa-
 sions. been followed by pecunary losses in
 this country much more extensive and formi-
 dable. The increased number of artisans.
 within our own borders, and greater scope of
 their operations, evidently tended to lea, 6 the
 agriculturalist less exclusively dependant upon
 foreign markets than if the latter had been his sole reliance. Nor have the benefits of 1 manufacturing industry ended here the proof
 strengthens that many articles have become cheaper, more abundant, and of superior
 quality, by the effect of competition among the home artisans, than when derived only
 from abroad. The opening of new objects of
 abour, by multiplying the occupations of men has also increased the public prosperity.-- This has produced an increased ability to buy all articles of consumption, whencesoever ob- tained. Hence foreign trade has not declin- ed, of which we have the incontestible evid- ence just stated, whilst new domestic resour- ces in manufacturing labor have been unfold