The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1828-12-10

The receipts of the present year have amount
ed TO near two millions more than was antlcl-
patsd at the commencement of the las: session
of Congress.
The amount of duties secured on importa-
tions from the first of January to the Seth of
September was about twenty-five millions nine
hundred and ninety seven thousand, and that OF
the estimated accruing revenues FIVE millions,
leaving an aggregate for the year OF near twen-
weight millions This is one million more
than the estimate made last December for the
accruing revenue of the present year, which,
with allowances for drawbacks and contingent
deficiencies, was expected to produce an actual
revenue of Twenty-Five millions three hundred
thousand dollars. Had these only been really
/ ed, the expenditures of the year wonld have
been also proportionally reduced. For Of these
twenty-four millions received, upwards OF nine
millions have been applied to the extinction OF
public debt bearing an interest ofSix per cent.
a year, and of course reducing the burden OF IN
terest annually payable in future, by the amount
of more than halfa million. The payments on
account of interest during the current year ex-
coed three millic ms ofdollars; presenting an ag-
gregate ofmore than twelve millions applied dur
ing the year to the discharge of the public debt,
the whole of which remaining due on the first
of January next will amount only to finy-eight
millions three hundred and sixty-two thousand
one hundred and thirty-hve dollars, seventy
eight cents.
That the revenue of the ensuing year will
not fall short of that received in the one now
expiring, there are indications which canscarce-
ly prove deceptive In our country, an uni
form experience of forty years has shown that
whatever the tariff of duties upon articles i'm
ported from abroad has been, the amount OF i'm
portasions has always borne an average value
nearly approaching to that of the exports,
IL, in thn ba1a
! sar,aatinaas beinu marn.--A eensotIIneS loss Il.
is, indeed, a general law of prosperous COM
merce, that the real value Of exports should by
a small, and only small balance, exceed that
Of imports, that balance being permanent adj
dition to the wealth of the nation. The extent
of the prosperous commerce OF the nation must
be regulated by the amount of its exports; and
an important addition to the ralre OF these will
draw after it a corresponding Increase of lmpor-
tations. 1t has happened, in the 7icissitudes of
the seasons, that the harvests of all Europe
have, in the late Summer and Autumn, fallen
short of their usual average. relaxation OF
the interdict upon the importation OF gram
| and flour from abroad has ensued /; a propitlous
market has been opened to the gralerles OF our
country and new prospect OF reward present
ed to the labors of the husbandmaI, which, for
several years. has been denied. Tis accession
10 the profits of agriculture in the middle and
western portions of our Union is accidental and
temporary. 1t may continue onlyfor single
year. 1t may be, as has been often experienced
in the revolutions oftime, but the fist of several
scanty harvests in succession. Wemay consid-
er it certain that, for the approaching year, il
has added an item of large amount to the value
( of our exports, and that it will ppduce cor
responding increase of importatiols. 1t may,
therefore, confidently be foreseen hat the reve-
nue. of 1929 will equal and probably exceed tnat
! of 1928, and will afford the means If extingush-
ing ten millions more of the principal of the
public debt
This new element of prosperityto that part
OF our agricultural industry which is occupied
producing the first article of humsn subsistence
is Of the most cheering character o the feelings
ofpatTiotism. Proceeding from cause which
humanity will view with concern, the sufferngs
of scarcity in distant lands, it yslds a consola-
tory reflection, that this scarcity is in no re-
spect attributable to us. That it comes from
the dispensation of Him who osdains all in wis
dom and goodness, and who permits evil itself
only as an instrument of good. That, far from
contributing to this scarcity, our agency will be
applied only to the alienation Of is severity
supplies which will partially restore phnty to
those who are in need, we shall ourselves
reduce our stores, and add to the priceof our
own bread, so as in some degree to participate
in the wants which it will be the good fortune
of our country to relieve.
The great interests of an agricultural, COM
mercial, and manufacturing nation, are 81 link
ed in union together, that no permanent cause
of prosperity to one of them can operate without
extending ts influence to the others All these
| interests are alike under the protecting lower
of the Legislative authority, and thes duties oil
the representative bodies are to conciliate them
\ al Il.
taxation is to raise revenue for dischatging
the debts, and defraying the expenses Of the
community, it should as much as possible suit
the burden with equal hand upon all, in pro-
portion with their ability of bearing it without
oppression. But the legislation of one nation is
sometimes Intentionally made to bear heavily
upon the interests of another. That legisla-
! ton, adapted as it is meant to be, to the spe-
cial interests of its own people, will often press
most unequalIy upon the several component
interests ofits neighbors. Thus, the Legislation
of Great Britain, when has been recently
avowed adapted to the depression of rival
nation, will naturally abound with regulations
of interdict upon the productions of the sol or
| industry of the other which come in competit on
with its own, and will present encouragement,
| perhaps even bounty, to the raw material of he
other state, which it cannot produce itself, and
which is essential for the use of its manufactlr-
ers, competitors in the markets of the void
with those of its commercial rival. Such is
the state of the commercial legislation of Grtat
Britain, as it bears upon our interests. 1t ex-
cludes, with interdicting duties, all imporla-
ton Except in time of approaching amine) Of
I the great staple production of our Middle and
| Western States it proscrbes with equal rigCr.
the bukier lumber and live stock of the same
portion, and also of the Northern and Eastern
part of our Union. II refuses even the rice Of
the South, unless aggravated with charge Of
duty upon the Northern carrier, who brings it tc
them. But the cotton, indispensable for their
looms, they will receive almost duty free, tc
weave into fabric for our own wear, TO the de
struclion of our manufactures, which they are
enabled thus to undersel Is the self protecting
energy of this nation so helpless that there
exists in the noitical institutions of our cnnntr