Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1828-12-25

dred aud thirty. nine dollars; and the
expectations to two hundred and eighty
seven millions eight hundred and twenty
thousand three hundred and fifty dollars.
OF the latter, one hundred and ninety.
one millions three hundred and fifty
thousand eight hundred and eighty one
dollars, were Of domestic produce and
manufactures, aud ninety. six millions
four hundred and sixty nine thousand
four hundred and sixty nine dollars, re-
expectation OF foreign articles
The receipts into the Treasury dur
ing the last four years, these beng al
ways chiefly dependent upon the impor.
tstions, amount TO ninety seven miIlioas
nine hundred and 6fty-seven thousand
hive hundred and fii,y-nine dollars and
elghty-six cents Those for tue presen,
year are here also given, in part. by
estimate. The estimate may deyia,e
from accuracy; but not 60 an extent to
thwar' the general conclusions tia, are
in view. The expenditures for the same
time, calculated in the same way, may
be stated at ninety FIVE millions FIVE
hundred and eighty FIVE thousand FIVE
hundred and eighteen dollars aud eighty
tive cents. OF this sum, besides what
was applied to the public debt about
fourteen millions will have bean expen
ded on internal works, designed to im-
prove the condition Of the country, or,
otherwise, on objects not belonging TO
the mere annual support OF Government,
in il, civil, military, and naval estab.
lishments. The receipts Tor the four
years that preceded, were eighty four
millions seven hundred aud twenty eight
thousand and ten dollars and seventy
one cents; and he expenditures eighty
three millions nine hundred and seventy.
uihe thousand eight hundred and seven
iy-four dollars and seventy nine cents
len millions of dollars obtained by
loens, are included in the receipts OF the
four years last mentioned; and i've mil.
iiors, so obtained, came into toe Trea-
sury during the first year OF the other Sc
ries, viz: in 1925. This loan OF FIVE nil.
lions was procured, under an act OF Con.
gress of May, 1879, at foor and half
per cent not from any deficiency of re
venue, but for the purpose OF paying off
an equal amount of the public debt at
six per cent. 1t explains what was said
OF the payment that was ruade on &C.
coust of the debt in 1875, net having
all been fiom surplus revenue. The
loans amounting to ten millions, en-
braced in the first series Of four years,
we're obtained wiihs view (txclusise OF
the SUN sppliedto the purchase OF Flo !,
rids) to similar changes ia the debt. II
has been the policy OF the Treasury De. |
partment to recommend, from tue 10
time, these changes OF stack from a high,
to stock bearing lower rate Of interest,
il appearing to be unjust to the nation,
that, under an entire alteration Of cir.
since that time when il may
have borrowed money, il should conhn.
ueso pay more in the shape Of interest !
than individuals pay, the credit of the |
nation transceRding that 81 individuals
as much as do its resources.--Tblsra re-.
mark necessarily impels the right. ON
the part oil the Government,so TO change
its stock, from the time OF REDEMPTION
having arrived, to that which bear. a
high interest, aud which may, therefore,
without objection, be paid off by new
loan obtained at reduced interest
Deducting the amount of receipts
from these beneficial loans during the
two periods reviewed, the absolute in.
crease Of revenue during the second
period is found to exceed eighteen mil
lions of dollars. The whole Of this in !
crease has been in the customs. Il a
mounts ia each year to an average of
more than twenty four per cent Wills, |
the increase in receipts has been at this
rate. the increased expenditure, aside |
from what has been paid towards the re-
cuction of the debt. has been less than |
ten per cent, aud the latter has been
chiefly caused by internal improyems, is
The increase in receipts may be &C.
counted for. in part, butnot at all to this |
extent, by the increased duties under
the Tariff Of 1924. The imports during
the four years ending with 1928, exceed |
those al the preceding four years, by an
average Of more than fifteen per cent. |
in each year. The exports of domestic |,
produce for the four years ending with |
1924, by an average OF more than TWEEN.
tyrone per cent in each year. The in