Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1828-12-04


two millions nine hundred and ninety
seven thousand. and that ofthe estimated
accruing revenue is five millions, leaving
az aggregate for the year Of near TWEEN.
ty. eight millions This is one million
more than the estimate made last De-
oember for the accruing revenue OF the
present year, which with allowances for
drawbacks and contingent deficiencies
was expected 20 produce an actual re-
venue Of twenty-five millions three hun
dred thousand dollars Had these emily
been realized, the expenditures of the
year would have been also proportional
ly reduced. For of these twenty four
millions received, upwards Of nine mil
lions have been applied to the extinction
OF public debt bearIugan interest OF SIX
per cent year, and of course reducing
the burden ofinterest annually payable
in future, by The amount of more than
htf million. The payments on account
OF interest during the current year ez-
coed three millions of dollars; present
ing an aggregate of mare than twelve
millions applied during the year to tue
discharge of the public debt, the whole
Of which remaining due on the first Of
January mex. will amooat only to fifty
eight millions tIrse hundred aud saty-
TIVE thousand one hundred and thirty
five dollars aid seventy eight cents.
That the revenue of the ensuing year
will not fall short OF that received in the
enc now expiring, there are indie atoms
which can scarcely prove deceptive. In
our country, an uniform experience OF
forty wears has shown that whatever the
tariff Of duties upon articles imported
from abroad has been, the amount of
importatisns has always BONE an aver.
age value nearly approaching to that OF
the exports, though occasionally differ
ing in the balance, sometimes beng
more. and sometimes less It's, indeed.
general law of prosperous commerce,
tina. the real value of exports should, by
a small, and only small! BALANCE, ex-
ceed that Of imports, that balance beisS
a permanent addition to the wealth oil
The nation. The extent oil the prosperous
commerce Of the Baton must be rPgulat.
ed by the amount of lis exports; and an
important addition to the value OF these
will draw otter il corresponding in
crease of importstions. Ii has happened,
in the yicisssudes of the seasons. that
the hsrvests os all Europe have, in the
late su,amer aud autumn, fallen short of
their usual average. A relaxation Of the
intefdict upon tho Importation OF grain
and -four from abroad has ensued; a
p"opiiinua market has been opened to the
gransrics Of our country; ard new
prospect II reward presented to the la
bprs Of tbs hnsbnndmsn, which, for
several sesr., ha. been denied This
apcession to the profits of agriculture in
, NE middle and western portions OF our
Union is accidental and temporary. Il.
may continue only for single year, II
may be, az has been often expsrieac 80
in the revolutions of times, but The first
Of several scRnty haTvests in succession
We may censider j. certain that, for the
approaching year, it has added an item
of large amount to The value of our eX
ports, and that it will produce cores
pondng increase 81 importatons. II
may, therefore, confidently, be fofeseen
, that The revenue of 1929 will equal, and
probably exceed, that Of 1898, and will
affn,d the means Of extineuishlng ten
millions more OF The principal Of the
public debt.
This new element prosperity Of that
part Of our agricultural industry which
is occupied in producing the FIST article
of huuan subsistence, is the nest cheer
ing character to the feeling ofpatriStsm.
Proceeding from cause which humsni
~ will visw with concern, the sufierlngs
of scarcity in distant lands. il yields
consoltary reflection. that this scarcity
is in No respect attributable to Us. That
il comes from the dispepsatisn OF Him
who ordains all in wisdom and goodness,
| and who permits evil itself only as an
instrument of good. That, far from
contributing to this scarcity, our energy
will be spilled only to the alienation of
its severity; and that in pouring forth,
from the abundance Of our own garness,
the supplies which will partially restore
plenty to those who are in need, we shall
ourselves reduce our stores, and add to
the price of our own bread, 81 as in some
degrse to participate in the wants which