Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1828-12-04

wcnty-two millions nine hundred and ninety. seven
thousand and thut of the estimated accruing revenue
Il I'VE millions; leaving an aggregate for the year of
near twcnty-ep;ht millions This is one million more
lnai the estimate made last December for the accru-
ny revenue OF the present year, which with aiowan
ccS for drawbacks and contingent deficiencies was
TO produce actual revenue of twenty-five
mlrns three hundred thousand dollars. Had these
oiiy been rea2co the expenditures of the year would
nave Deem also proporionally reduced. For of these
twcntv-our millions received UPWARDS of nine NIL
lions have been applied to the extinction of public
dcO bearing an interest of six per yoar and of
course reducing the burden OF interest annually pay
"Olc IN future, by the amount of more than half
mllon The payments account of int crest ,urinr
the current year exceed three millions dollars pre-
sehnhg an aggregate oil more than twelve millions
aphcd during the year TO the discharge of the public
ucot, the whole OF which remaining due on the first
OF january next will amount only 10 fiftv-cirht nil
hons three hundred and siXthy- two thousand one
hundred and thisty-five dollars and seventy eight
cents
That the Of the ensuing year will not fall
snort ot that received in the one now expiring there
arc mCicutions which can scarcely prove deceptive
IN our country, an uniform experience Of forty years
ads shown that whatever the tariff of duties upon
articles imported from abroad has BEEN the amount
oi HnPortu;lons las always borne an average value
nearly approaching to that Of the exports though &C.
c"Siona'iy differing in the balance, sometimes bcmp
more and sometimes less II is, indeed. general
Jaw q! prosperous commerce. that the real value of
exports should, by small and only small balance
exceed that OF imports, that balance being pcrma-
ncn addition 10 the wealth OF the nation The en-
tent oil the prosperous commerce of the nation must
be- regulated by the amount OF EXPORTS and m i'm
,portant addition to the vac of these will draw AFTER
II corresponding increase Corporations 1t has hap.
pcncd IN the vicsstudcs ofthc seasons that the har
vests oil all Europe have i'll the late summer & autumn
fallen short of their usual average. 4 relaxation
Dt me interdict upon the import alton of Grain and tor
from abroad has enSued prupious market has been
opener 10 the granaries OF our country: and new
prospect OF reward presented to the iabors of the
husbandman which, for several years has been deui
ed rms accession To the profits of agriculture in
the middle and western portions of our Union is acct
GENITAL ana temporary. Ii may CONTINUE only for a
single year II may be. has been often experience
ed III the revolutions of time. but the first of several
sconty harvests IN succession we lnay consider il
certain that Tor the approaching wear has added an
ITEM OF ial &c amount To the value OF our exports and
mat IL VIII produce corresponding increase of i'm
portntlons 1t may, therefore. confidently be fore
seen that the revenue of 1929 will equal and probably
exceed, that of 1928, and will afford the means of ey
tngulsllng ten millions more OF the principal of the
public debt
rms new element of prosperity to that part of our
agricultural industry which occupied in PRODUCING
the hrst article OF human subsistence is ofthe most
cheerng character to the feelings ofpariotism Pro.
ceedng from cause which humanity will vicw-with
concern the sutierings of scarcity in different lands
yields consoiatory reflection, that this scarcity
IN no respect attributable to us. That il comes from
the dspcnsaon of Him who ordains all in wisdom and
goodes5 and who permits evil itsefonv az an insr-
ment OF good. That, far from contributing to this
scafcity our agency viii be applied only to the ale
aieVatlon or It's severity; and that in pourino forth
from the abundance OF our own gamers the sun lilies
winch viii partially restore plenty to those who arc
IN need we shall ourselves reduce our stores and edd
10 Tue price ofour own bread in some degree 10
participate in the wants which it will be the good for
tune OF our country to relieve.
lie great interests of al agricultural commercial
an" manufacturing nation, are so linked in union to-
ecir tiit no permanent cause of prosperity TO one
can operate without extending its influences In tIo
oIlers AN these interests alike under the nro-
tectlHQ power the Legislative authortv and tho IN,
Tics OF the representative bodies are 10 concate tbe,n
IN harmony together. So far as the object of toxo
Ton Is TO raise a for discharginr the debts
ana dciraylng the expenses of the community il
should ns much possible suit the burden with o.
quail hand upon all In proportion with their ability NJ
bearing II without oppression But the leGislntion of
one milton is times Intentionally made TO bear
heavily upon the interests of another. Fiat leoisln
ton, adapted IL is meant to be, to the spccinl in
forests OF its people will often press most une
qtialv upon the several component interests of tic
ncignbors. Thus, the legislature of Great Britain.
when, as has recently been uvowed adapted 70 the
depression of rival nation, will naturally obonnd
with regulations Of nterdict upon the productions of
the soil industry of the other which come in rom,
petition with IFS own; and will present announcement
perhH1s, even bounty, TO the material ofthe ot-
CT o Which y ean0t nTndne @elf mud iie IS
J." htts Oh inc WOflu with those Gifts
clal rival Such Is the state Of the commercial cris
iaton Of Great Britain az it bears upon our interests.
1t excludes, with interdlcng duties all rnportotion
c@cept IN time of approaching faInnc) Of tbe grcot
staple productions of our Middle and Western Sio,cs
u procrlbcs, with equul rgor, the bulkier lumber and
I'VE stock OF the same portion, aud also of the North
ern and Eastern part Of our Union. II refuses ovcr
ne rice ofthe South unless aggravated with charge
81 duty upon the Northern carrier who brinrs il In
tem' But the cotton indispensable Tor their looms
~ frpnf 10,
fabric Tor our own wear, to the destruction Of orr own
manufactures, which they enabled thus TO under
sell Is the sei-protecting energy of this nation so
helpless That there exists III the political institutions
OF our country no power countcract the bias of this
foreign lcgls1iipm that the growers of Grain must
summit TO TINS exclusion from the foreign markets of
tn3ir Iroducc; that the shippers must dismante thoir
shps the trade oithc North sto0natc AT the wbarves
ana me manufacturers sarve ~ Gloir loue while tho
Pcop.c shall pay tribute to foreign industry 10 be clad
~ foreign garb that the Congress of the Union are
Impotcnt to restore the balance in favor of native IN
dn-try destroyed by the statutes Of another realm
III. - nj