The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1828-12-08

Tor some ~ tie UHJurfsz shiciour telios-eW
,ras had .,l,,s,ard in ii,s latter Of these eoun-
tires. The rest are ~ = Tram OF negotiation,
We hope may ie, pfaste 10 rnu'uSi sal'siae-
iion. md thai t may he s,.eeeeded by q lfea.y
Of Commerce s.a Navigation upon liberal pm
eirles, piopit,o.s 10 a great AMI growing e"'a-
alrrsd, important 10 The ,uiri cells Of our
country.
Il,@ ,snas,on aud prospects oil the Revenue
are more iasorsll. than ouf most sang",he ek
a. etatiops Ind an icipat.d. / he balance IN The.
/ treasury IN the Isl Of Jan. last, exclusive Of
,he ,ppn,ss received under the Convention 0f
18th nov. 1926. with Great Britain, Was i've
millions eight hundred nnd sixty one thousand
nine hund red and sc+sniy two dollars ana eign-
ty-ihree cents hr receipts INTO TIE treasury
FROM the lat Of Jan. 10 The 3Oth vi Sept last, 30
far as they have been sseerinined, "a form the
bass Of an estimate. amount TO eighteen mi
lions ss hundred aud thirty three thoufand nine
hundred and eighty dollar. aud i~eniy-seven
cen,s, which, with the Ieceipis " the present
aanrisi, -stinlaied d nj five millions four hundred
aud sixiy one Thousand two hundred and riRh'
~iy-three dollars and forty cents, torn nm Hesfe'
gate o freceIpts during The yehr OF twenty 'ionr
millions aud ninety-iour thousand eigh'ti'undied
asd .isi, three dollars aud slxiy-s.sen Gents.
The expenditures of the year may probably a.
iiifttb ~ "NbNy w i''f'D'
thirty seven thousand FIVE hundred and eleven
dollar. aud sixty three cents aud leave IN the
Treasury, on the 1t oil Jan. neat, the sum vi b'e
millions one hundred and went -tvr thousand
six hundred and thirty tight dollars aud fourteen
cents.
The receipts Of the present yenr have amour
ted 10 n.ar Two millions NOR ilnn WAS ~an'iciI'd-
ted al Tie commencement oi the last weston oil
Congressi
The amount OF duties secured on lWportnt,ons
from tile lst Of al 10 the 3oiil September, was
about twenty-five millions nine hundred and
ninety seven thousand, and that OF The esiinls-
ted accfuiug revenue IS nv" millions leaving
ai aggregate for the year, III near t"euhy-r'gh'
m,llions. This is ous million more than The rs
innate made last December, Tor the rccru'ng re.
venue Of The present year, which, wiih allo"nn-
ces Tor draw backs aud contingent Deficiencies,
WAS expected to produce IN actual revenue ol
twenty two millions three hundred thousand
dollars. Had these only been realized. the tx
pendItures Of the year would have been nlso pro.
por,lonnlly reduced. For Of these twenty tour
millions received, upwards of nine millions have
been applied to the extinction VI public debt,
bearing an interest of SIX per cent a year, anu
Of course reducing the burden of interest Hni,r
ally payable IN future, by thu amount OF more
Than half a million. The pr payments on account,
OF interest during the current year exceeded
three millions OF dollars presenting nh nggre-
gate of more lhan twelve millions applied during
the year 10 the d,sct ige ofthe public debt. the
whole oil which remaining due on The LIST OF jan.
next, will amount only 10 nifty -eiKtt m'ihous
u,ice hundred and sisty-two thousand one hun.
bred and thirt, Ave dolla.s aud seventy eight
cents.
That the revenue of the ensuing year will not
fail si,.xl .T thot s.,aiy,d in the 1nn NOW pXIir-
ing. there are indirations which can scarcely
prove deceptive. IN our country, al uniform
experience Of forty yea,s. las shown that what
ever the tariff Of ,inlles upon articles imported
from abroad has been, the amount OF imporla,
inns has always borne an average value nearly
approaching 10 that of IN. export, though "cta-
sionnlly differing in the balance. stmstin'es be
ing more. aud sometimes less. II ~, ineeed, n
general INV Of prosperous commerce.. thai the
real value of exports should, by 4 small and on
~ a small balance, exceed that OF imports, thai
balanre belnR n permanent addition TO the
" wealth OF rhc nation The extent of the pro-
porous III OF iheaiaIion must be rtgula1
ted by the amount Of its exports, and an impor-
tant addition TO The value of these Will draw nj.
te, IL a corresponding increase Of Interpretations.
l, has happened, ia the yfcissiintes Of The sea-
sous, that ihe harvesls of all Europe havein TIE
late summer and autumn, fallen shoa o their
usSai average. A relaxation o the interdict
upon the importation OF gruin and flour from
alHoH has cusued n propltious market has
been opened to the granaries of the country
Hhda new prospect III reward presented TO The
labors OF The hushandman, which Tor several
years, Eus been denied. lhis nc rsslon TO the
pr oiitN of agriculture IN The nijdle and western
portions oi our Uuion is accidental aud temporal
~. II may c"ntnue only for u single year. II
may he, ~ hs, been often experienced in the
TevUlunna f time, but the II 81 OF several scan
~ haIyests in succession. We may consider II
certain THAI, i"t the app oach'ng year, II has aa-
ded an item of large amount 10 the value "f our
exports, and that II viii produce u correspond
ing increase vi lmportaIions. il may, therefore
confidently be toreseen, that the resenue'oi 1929
will equal. and probably exceed, that Of 1928.
and will Afford the n,raus of cxtingulshlng ten
millions move oil the principal oil The pubic
debt.
This new element Of prosperity TO that part
Of our agricultural industry which Is occupied III
producing the article OF human subsistence, rs
Of the most cheering character to the feelings Of
patriotism, Proceeding from a cause which HUI
mainly will view with concern, Ire suilerings Of
scarcity IN distant laNds, il yields n consoi" oiy
o. ilcctlon, that this scarcity ~ in 40 respect at
tributable to US. That II comes trom the dis
pensatlun OF Him who ordnius all in wisdom
and goodness, and who permits evil itselfonly
40 mn instrument of good. That, tar from con-
tribuiina TO this scarcity our agency will be APP
piled only to the alienation oil its severity ;and
That in pouring forth, frsm tho abundance OF
our own garners. the supplies which will par
tally restore plenty TO those who are in need, we
shall ourselves reduce our stores. aud add To the
price of our own bread. SO MS in some degree TO
| participate IN the wants which it viii be the good
fortune of our country 10 relieve.
The grent interests Of an agricultural, com.
mercial, and manufacturing nation, are so link
ed in union together, that no permanent cause.
of prosperity 10 Que OF them can operate with.
out extending is influence to the o,bers. All
these interests arc alike under The protecting
power Of the. legislative au,hori,y and the din
ties oftts representative bodies nre 10 concl,ate
them in hn, mony together. So far as the OBJ.
ject of taxation is TO raise a revenue for dis
charging the debts. and defraying the expense.
OF the community, ii should as much as possible
suit the burden with poual hand upou all i'm nro