The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1830-12-29
From The National hateuigsncer.
THE ANNUAL. TREASURY REPORT.

Inc UHnudi. report Ot stAE NGNtSNoAs - !
the Treasury was received yesterday by |
both Houses of Congress. From this re-
port il appears, that the receipts into the
Treasury, in'the year 1929, were, from Gus
toms, S226S1 ,965,91 from sales of public (
lands, Sl,517, l75.13; from dividends on
bank stock, $4,000; incidental receipts,
$l35 46634 making, altogether, SSa, oS1'-
627 SO.
The receipts into the Treasury for the
three rstqdarters of the present year, 1880,
were, from customs, 1858, l22, "a; sales
Of lands. $l,293,7l9,27; bank dividends,
allsourres, s5,025, GOO; making, altoget her
$24, 16I ,01S,79.
If the estimated receipts of the fourth
quarter of the present year be correct,
there will be deficiency in the revenue of
1880, compared with that of 1929, of $685.
60S,59.
The expenditures of 1899, amounted to
-$25,044 ,35S,40. The expenditures of the
three first quarters of 1880, amount to $780,
1S0,936,S4; the estimated expenditures for
the fourth quarter of 1880, amount to S4,-
$4,000 .9S; making the whole expenditures
Of 1880, SOS, O96,941, 80. The expenditures
Of 1880 are, therefore, $47,4I6,5S, more
than those of 1929.
The amount of public debt paid in
1929, was Sc, 1888, S67,78; the amount paid
and to be paid in 1880, is Ii ,354, 630,O9.
The total amount of the public debt on
the LIST of January. 1880, was S4S, SOS, 406, so,
consisting Of $6,440, $50, IL of six per cent.
stocks; $i2. 792,000,20 of FIVE per cent.
stock, including the 100000 held by
government in the stock of the Bank of the
United States; SIS, 994, 064, IL of four and
a half per cent. stocks; &I3,296, 249,45 of
three per cent stocks; the balance consists
ofupwards of S32, 900 of small items.
The total amount of public debt on the
LIST of January, 1881, will be $50 1913, I91, 6S.
The whole remaining amount of this debt
is redeemable, nearly one half at the pleas
ure of the Government, and the balance at
different periods down to the LIST of Janua-
~, 1885,
The amount of imports into the U. States
for the year ending September 30. 1880.
was $68, 100000 and the amount of exports
for the same period, was S73,S0O, 900. Of
the exports, S59.4O0,0OO were domestic,
and 81, 100000 foreign products.
The amount of duty on imports and ton
mage which accrued i'll the three first quar-
tiers of the year 1880, is estimated at $780,
$4,000; and in the fourth quarter at So
6I0,000.
The report states that e it is estimated
tildt Tie dCCIulllB uulN Otl EOn6G anu cocoa,
imported in 1880, and remainingin store on
the LIST of January, 1881, win he reduced
about S500,000 by the operation of the acts
of the last session, reducing the duties on
those articles; and that the duties on coffee,
cocoa, salt, and molasses, accruing in 1881,
and payable within that year, will, upon a
like consumption to that of 1899. be further
diminished hy those acts about 100000.
The repeal of the duties on tonnage, which
will take effect on the lst of April next. will
further reduce the revenue of the next year
about $4,000. The subsequent reduction
of the duties on tea, coffee, and salt, on the
lat of January, 1882, will probably lessen
the usual importation of those articles for
the demand OF 1881. But the influence of
these circumstances upon the revenue will
be in some degree counteracted by the in
creased capacity of the country for con-
sumption, as evinced by the enlarged
amount Of domestic exports. the general
prosperity of mercantile business, and the
favorable state of exchange with foreign
countries-to which NAV be added The
opening of the trade with the British colo
nies in the West Indies, and on the North
American continent.
The revenue arising from the sales of
public lands will be improved By the same
general causes, which tend to improve that
from the customs"
From a view of all these facts and cir
cumstances, the secretary estimates the re-
ceiPts for the year 1881, at S23,340, 600, viz !:
from customs, S2l 100000; lands, 81 700
900; bank dividends, $4,000; miscelIa-
neous, Sl50,000. The estimated expenIi-
lures for 1881, are S23, 228, 074,86, including
len millions of the public debt.
The balance in the treasury, on the LIST
of January, 1929, was S5,972. 1851; on
the lst of January. 1880, it was S5,755, 7O4,-
70; the estimated balance on the LIST of
January, 1881, viii be S4619,761,76.
The secretary states that "the navigat-
ing interest employed in foreign commerce,
and particularly in the carrying trade"
has suffered material depression I; and he
adds that "that portion of the carving
trade which is unfettered by navigation
laws, will necessarily fall into the hands of
those who can navigate cheapest and this
falling off gives reason to apprehend, that
the superiority heretofore claimed for Amer
ican skill and economy, in this pursuit, is
yielding to more fortunate rivalry, and sup-
gests the expedency of considering how
far that interest may, without injury to 9TH
ers, be relieved from its depression"
lie recommends Humbcr of Trnportunt
notifications in the impost system, in con-
temptation of "the approaching crisis In
the fiscal policy Of the United States"
With regard to the tariff, the most mate
rial allusion to it in the report is the re-
mark made by the Secretary, "that should
it be contemplated by Congress to make
any further reduction of the revenues, pre-
.paratory to the period of the final extin-
punishment of the public debt, it is respect
fully suggested that in order to avoid i'm
pairing the necessary means for the ordi.
mary expenditures Of the government, or
encroaching upon the sinking fund, it will
be proper that such reduction should III qke
payment Of the entire debt, as the reduc-
ton made at the last session will barely