Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1836-12-10

the las, year. This calamity, failowedby credits more
liberal and competition increased 10 supply The sudden
and large deficiencies III the MARKET iso l,rin
excess IN the iuiporlatioms Of merchandise curing
the present year, greater than the amount
DESTROYED aud thus essentially contributed 10 s"c"
the revenue from customs bcynn" Tile r'''a,
| JIu nverradiug from whatever Inducements IL MAY
nrisr usually produces reaction; ana IL IS h"Peo 'ut
no acciden, Of similar and deprecated character vi"
occur which may enlarge our lnporlatnhs lux t"sNs
| wear Tie receipts from customs for 1857 nave tltFe
fore from these and other circumstances, when II s
he tedious TO detail, been estimated AT not more IMAM
SlG,5UU.OOO ,,;,
bonds irnn the sufferers By fire last December, under
tho authority Of act of Congress on that subject, mas
brpn pos: poned SO g fall due within the ensuing year
while reduction account OF the diminished rae o
u,v mpuscd OH wines since July last has been made III
The estimates for 1887, equalIing quite three times that
sum- BESIDES unusual spcculatons and oVer.tradinS,
which are temporary their operation, the last Two
wears have exhibited extraordinary degree OF PoSe
rv ,ruun the whole country, and which, Is PIE
sumrd will continue to exercise considerable direct III
huercc the whole amount OF our exports ana imports,
and consequently indirect influence on our receipts
from Much Of this liaering condition OF thihgs
may have arisen from the great reductions already made
IN hr tariff and duties tonnage; from having cast Oh
the bur,hens of national debit from orr increasing rt.
penditures on works favorable to commerce and Puhic
security; from permanent additions To the in"nryrn
caniru Of the nation by the many millions obtained
abroad for foreign ndcmntes; from tie Immense icie
racls of land redeemed from Indian claims. and opened
10 the profitable enterprise and industry oil our ciuzehs
nt very low prices by The humane policy CT removing
the aborirncs Of the Mississippi; from the unprc.
ccdened improvements in the facilities, the rapidly anu
cheapncss Of communication and OF transportation ny
steamboats, and roads; from The greater SAFETY OF our
ociIn commerce. and It's extension to new and distant
REGIONS from abundant crops and high prices; from the
increasing numbers intelligence and enterprise OF our
people generally; from these and VARIOUS other causes
combined But thnug some OF these may nave spent
most of their influence, others acting full visor.
national dues not appear lkt!y lD
essentially checked, except lar as the excuses
before men TONED, or war. unavoidable physical Gala
mites like those u estilcnce and bad crops, may from
| time 10 time produce temporary Ec.actlonS
Tie receipts from customs, therefore, though not esti-
mated high they proved TO be during the past, or
preceding year. have still been computed Al larger sum
than ii Irncrly anticipated they would. on un ave-
| rage equal under the existing tariff
The imports during the year, ending September 5Jlh,
I-Ei, are ascrr,ancd and estimated at $l73,I1O COO
They show compared with the preceding year: an in
The imports. dngin:, the tre past years have Oh an ave
rage, been about .................... Sl4o,9c2O'l
The exports, curing the past year, ore ascrtianed ana
estimated nj observation-disclosures. Sl2l ,'cootu
Oitlcsc : I0l ln 600 were in domestic and 3vGSl,
00U in foreign products.
Compared with the preceding year, they exhibit an
increase Of S:jI2I and $50: l1U more than the
average for the last three years.
Tie crop Of cotton grown the present year, which Will
constitute The Grief exports Of that article for l1I, Is
believed 10 he lae hui from present appearances Will
probably br less valuable than during the Two past years
Al the time, the exports OF flour and grain are
likely tu be smaller, in both quantity and value, and
these Of tobacco and rice, which, with the articles be-
fore named, form our principal subjects ct domestic
produce for eXporalIun hot believed to be materially
greater and have seldom, during the last quarter of
century series OF years. much exceeded teir pre-
yous amount. However enlarged by rapid increase
Of population has been the demand at home Tor those
and other articles OF growth and manufacture
the tempting and augmentlng product for cxporta
ton 10 be- cotton.
During near forty years has attracted aud cngrossed
arge proportion Of the spare capital ard labor nearly
half Of The territory Of the Union and by the great de-
mdEd for it abroad independent OF lis Increased consunp
ton al home it will probably long continue 10 constitute,
not only chief and profitable product Tor eXPor
tao but be the regulator: in some. degree Ut our aL
ly to import, and OF the balance OF trade between this
country and Europe.
The receipts from incidental and miscellaneous
have been estimated oil Tie following data. Nothing
definite could be presented. as arising from an ar
rangeent which, under the recent act of Congress- is
contemplated with the United States Bank, in respect 10
the stock, owned by the Government III tina: institution
until further progress shall! be made, and the bank may
indicate when it is willing 10 pay specified amount
1t will be seen, by the documents annexed &C 81
that this Department took early steps TO procure suiIa
bic incrnoun Tor settlement with the Bank, ami pay
nent in the Of the present year, of The due share
OF the United States in the nett collections from the
SETS existing OH the Sd Of March last, well TO OBJ
tain specific proposals Tor an early adjustment OF the
whole 1t has been cause Of some surprise
Gated nor any payment been yet made On the contra
ry, the president Of the State corporation, TO which the
assets OF the United States Bank have been assigned
forwarded III September last report CT committee APP
pointed under authority Of only those two bodies, cs
mating the value of The stock The Sd of March But
accompanied by offer 10 pay that value or any
other particular amount: thcn or al any future specified
period though protesting willingness that the United
States should receive just proportion out Of the assets
Of The bank.
Commissioners were, therefore, appointed, and an
invitation given 10 have them joined by others on the
part Of the United States Bank, TO revise the estimate
Of The value put the stock by the above committee,
and after urging early payments practicable towards
what might, in the end, be found due to the United
States, if failing 10 obtain any to recommend such ar
rangelnent as might just for securing and paying
hereafter what they considered 10 he the true worth Of
the share Of the Government in the capital stock CO.
pics Of the letters, report and instructions before naed
are annexed Cd =, 3, 81
1t is clearly To be inferred from the correspondence
had by the commissioners above mentioned with chi-
m.e Of the bank. that payment whatever is intend
ed to be made during the present year. and that long
credits are expected and considered W the bank proper
for portions Of what may be due. That correspondence,
and all The steps which have been taken under the par
ticuar instructions ven 10 those commissioners, Will
more fully appear in The further documents which wilt
be submitted Congress after the commissioners make
their final report.
No reasonable efforts will be spared BY me to conclude
some appropriate arrangement OF this embarrassing and
troublesome subject before the adjournment ci the pre-
sent Congress.
Trusting that proper sense of lis obligations 10 the
Government, large stockho!Ger, VIII induce the
bank 10 refund at least fourth Of original cupl-
tall with The profits thereon in the Course Of the cnsu-
ing year. millions of dollars have that account
been inserted in the estimates. To Is are to be added
the dividends, anticipated the stock owned III the
Louis vile and Portland canal interest from the dcPose
banks and some small receipts from other miscellaneous
| sources.
! (Remainder in our merit
i DOMESTIC.