Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-12-13

ss.s Notes. aani
rs-r pubhe ttehfs. s.a5o eo0 oa
r., fn't'-' particulars. the details II the an.
Iasi e,i
h viii 6e perceived BIZ thrs. stafrmeHts. that no
s..,,,us ssasc- III t,absbl, e,is euher ON The lst
al Jana,at, is39. during tint seIr to be deposited
with the several Stale, af sale keeping, Us ionrih
ms sia,eut under the dcpnslie of tnc D. Sc
lndeed. strsn WILDE necessary IN restricting the
appropriations TO the necessary wants OF the govern
men, tie receipts viii be sufficient Ia lnrst
the current drmandson the Treasury unless hose
.eilts should anespeeied, exceed the present esti
natcs.
Whea an un',snal excess existed in he Treasury,
II was proposed 30 place that ilnnh instalnent with
the States for stfe keeping I'll nerded-but htafe
II became payakle, the Inane VAS wanted 10 Us
charge existing appropriations The dcposhe 81
MS, therefore, postponed by Congress ii nen Jan.
nary. aud the none, has heen used by the nhed
Sfates,so which IT belonged. without mourning the
expense aud Inconvenience. 10 al the Panles eon=
eened. OF te, ing auh then immediately recalling IT.
The ins al,neut alehi due to the States, and
hence is not required 10 be paid like appfopr1a.
ton TOT the public service. 1t the remark nav
prapef, be added thai II a surplus should hereafter
accrue. lrge enough. aifet deitayug all the eNisf
ing charges imposed nv Congress upon the rteasn=
-, 10 make The deposiie originally contemplated.
this department., with lis nreseutvews would feel
hound to carry into effect unless Congress, N he
fncan time. shouid forhrr mady the laws no" IN
ior.e in relation TO the subject
v EXPORTS Am IMPORTS ~ 1898.
Ths exports during the ,sar epdpg September
10. 1878, rompaied II haze been slo3la6,.
200.
or th,s, sbou, sqo.6G6.o00 were OF doues II.
and Il. 40 coo nl t.telgn origin.
The former have diminished from the pfe.Ioas
year. 81, SOS III, and lie luef. S"i-l go
The imrotis lor The slae Yer wcfe sll'ooo.-
Goo.
These are S2e 9se el7 les, IT , dine 'han those Fl
the rr,yious wear. beng nearly So o0oooless thu
hose under the enormous ostt'radug and osel At
uons which ch7,aetel'sed ls}e
For further rat irulafs reference may be had 10
the table annexed.
II is an interesting fact ! atduing the last three
wears more than Ss5 ooo ono anonaly. an aver
aye Of nrarly ucarl, nine tenlls o ear Whole danes
iic cxpois have been derived from agriculture.
More than seven Tennis Of our whole population afe
probably employed Ia thaf useful lursnt.
VI. rxrLAxArIoNs or rnf rsriNtrts or rrcnrTs
AND ExrtSpiruKfs. An SUBDIVISIONS o. IN
MODE OF MEErINe fLrerrArioNNIN TnIN
The receipts l,om the customs during the present
sear will v,ry bur hue from the estimates submit
ted in the last annual report. The receipts hom
Lands will be less but the annuht ot sales made,
aud pre- emlaon ueht, eNtsns, will not differ essen
uaily from What suitctpaird though the act OF
Congress, as To lhe later. passed 80 Late tai pay
nents for all al thrIh could mt be realized III u
mother year, Without causing much Inconvenience
aud unuco essay pressure N some PORTIONS OF the
The estimates presented III new arpra Pfaans
aud for expenditures in e3s were qute is lafpe
AS the ol the different Departments, NJ The
Tine Congress assembled IN December last, apt tat
al Ia JUSTIFY. But the unexpected continuance q
the l. Iundi war, a subclludc To Induce the Cicero
Aee, 10 remote rcaceabs. aud an earnest deste 10
snpIness with IIon#I. htudt, all threatened disinf.
iau.es on one northern frontier, with several othet
measures d less importance, originating IN Con
Kfess, led that body 10 taake appropriations amoan
ling TO nearly ten millions beyond those requested III
the annual estimates.
Some provisions q additional means, CORE spond-
ing 10 this excess, became, therefore, necessary ,
and. in order TO discharge The excess, and quad
against coujin- cuelcs, - well ay,u tho eonse-
quences ol = rroiraeted suspension at specie pay
n,ents by the banks, Congress wisely gfanied tie
add,iiona authority both 10 ltHe buuds of the L
uited States Bauh and 10 lssue new Treasury notes.
Instead Of such nlehi be pald IN before the time
Tor their redemption arrived. The apptehensiopS
of embariassmeuis II tie finances witlIa the year.
which had arisen liom tluse unexpected appIofra-
tons. and hVm the LnIute that then oontnn-
ed among the banhs IA most quarters OF the [
Mon 10 reiGin 10 specie payments, we've removed b,
these orpouuue provisions. Occasions, however,
lave not yet arisen 10 tequHc the fall OF either
Of them.
The Whole amnnni Of Treasury notes outstanding
al any time since thcy WIRE INST autuutzed, IN DC
obef, 1887, has never equalird ten millions of dol
lars. The amount Tow outstanding Is only SOL
500. Besides the restrictions ON Ie sale OF the bond,
oil te United States Bank, tic want OF pow ct 10 guar
aniy their eventual payment, and HE sho PERIOD they
have tof run, wnh the great quantity Of State stocks
IN the market ii better character for convenience
prevented any offer ior them above par either AT
home OF abroad The sale, loNc ever, OF one brron,.
Ing exredeui. II WIS effected within the limitations
Prescribed. 1t has mol yet been found ctessafy It
dispose OF the other Bui II Is expected ihat whet
the PERIOD Tor redeemina nust Of The outstanding
Treasury notes allFes. II must be sold unless ofhe
means 10 meri pubic efsasemrujS SHALL IN the mean
time, be provided Ly Congress
II the receipts from customs nr Lands should ex
eeedthe ESTIMATES made ior the ensuing cal which
III the vaciOus Of irddesis not verv Improbable
still isn" supposed the excess will be SO ge thai
all the expected CHARGES the year can be behaved
without sale OF HE remaining bond OF some equiv
aent resource.
he estimates a receipts fot 1880 resi- OF The fol
losing general views: IN ottthovlnc ti,Ie of sp,eu
laou aud bank issues, Ike that Of 1885 Is not a,iIc
paied while the evils aud disasters from In.
sources are lesll in remembrance Nor on ile con
trary. Is any expectation entertained Of a repeti,inn
s" soon oI the mercantile lefulsous which ehafae.
terzed the year le3f
The receipts from duties during the LAST ys,, ,
the bonds had not been postponed would have b,e,
about 81 600 900 1huse nj the present wear IN ia,
ordinary operation of the laws without The postponed
bonds, viii not probably exceed $4,000 600
by surprising a Large increase Of 50 per cent II
1899 beyond the ordinary receipts for the Last ,raf
they would amount TO between nineteen and twenty
millions. and would be llfaer than the REGENTS IN
1850 Such an increase would be greater Than IN an,
previous year Of our history not affected By com.
mrre'a' restrictions foreign wars or important
changes in the tariff