Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1840-01-02
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General exhibits of the receipts and expenditures in
ISIS are presented in the table annexed (B)
The funds computed to be not available applicable
to public purposes, al the commencement and at the
close of the present year, BE- in the table before
mentioned, (A)
Details ofhe expenditures in the first three quarters
Of 1880 also given in the subjoincd statement Co
ruBLIC DEBT ASD TREASURY NOTES
The condition of the small remains Of the funded
~. h+ rU'O' "a, with ttrv SvvrtnI payments
made within the year, is herewith exhibited do
Though ncommodedby repeated prcssurcs in the mo-
ney market and suspensions OF specie payment by the
banks, within the last three years. the interest and all
the principal due that debt well Treasury
notes. have been punctually paid in specie whenever
desired A detailed statement Of the issue and re-
demption Of Treasury notes, during 1885, is annexed,
(E.)
Not more than one-fourth of million of the first
and second EMISSIONS and two millions and half OF
the third, will probably remain outstanding at the close
of the year. The former emissions have been for
months rcdccmable, but the last does not beg to
be till March, 1910. except previously offered i'll pay
ment ofpubc dues. The aggregate of two millions
and hreefourths of principal is therefore all that it
is computed will be unpaid of nearly twenty millions,
which issued since October, S:7 in consequence
of ndulgcnces granted to the merchants their bonds,
and the banks their deposte debts. At no time
has the amount Of notes outstanding been allowed to
exceed ten millions, and the present very reduced ag-
gregate unredeemed is less than the still owing
from the banks that suspended specie payments in 1887
and from the Pennsylvania Bank of the United States
on its bond due in September next; and ght with
have been paid during the present year, had the money
been received on those claims
| EXPORTS ASD IMPORTS WITHIN COMMERCIAL YEAR
] The exports during the year ending September 80
computed to have been 18,359,OO4. This
$50 more than those in the year 1888
whole exports only Sl7 ,4Gs 900 Of TO-
rim, and of the excess in exports over ls,5s,
1t five millions were domestic produce.
ports during the same year were about Sl57 )
cling the very large excess of S43, S92 $50 over
ing the previous year. This may be sou-
ortion of the pressure in the money market
The difference between the imports and exports, being
$50 $50 $50 in favor of the former larger than in any
year. except three since 1889: and is much larger than
any difference III the valuation of the articles
with the profits in the foreign trade added. 1t must
therefore, except far reduced by unusual guam
tty of goods consigned here from abroad, and yet in
store unsod be very decisive evidence of an increas
ed Indebtedness by this country TO other nations. And
except far this Indebtedness may consist of
stocks sold and the proceeds returned here merchan-
disc it must furnish another proof of nime date
cause of the present pecunlary pressure.
| The history of commerce during the twenty
years from 1915 to 1888 presents singular change in
the last half of that period, which tends strongly to H.
usrate the correctness of these suggestions During
the first hafof the ofmports exports was
only about scventyfve millions of dollars, or in the
proportion of near seven millions and half annually
on average.
But during the last ten years of it the excess was
near two hundred and twelve millions, twenty
millions annually and thus than two hundred and
|fifty per cent greater than it had been. Supposing
that the and half millions were composed prn-
cipally Of the fair profits and difference in valuation,
the excess over that in the last ten years must con
stitutc debt either mercantile, State, corporate
equals near one hundred and hrtyseven millions be-
fore 1889 The debt thus computed to have been ere
ated abroad by stocks and otherwise within that peri
Cd will, with the amount of previous Indebtedness
form aggregate quite large as has been estimated
by many from other data.
Further particulars possessing general interest and
relating this subject during the last SIX years, are
exhibited in the statement annexed, (F) Addltiona
information of importance concerning our exports
. | and imports, from the commencement OF the Govern
ment to 1888 inclusive has been prepared, and is sub
Joined in other tables, &C and ED These tables are
intended to be in form convenient for reference, ant
are caluated BY easy we'll extensive comparisons
to throw new light on several subjects ey commerce
and other branches of industry connected Filth the II
nances They exhibit not only the whole sports ant
imports in each year, but the consumption othc latter
and the changes in the whole aggregate value OF eaci
princpal article, whether exported or imported, ant
the progress of foreign trade to and from each Stat
.eparately as far back is practicable, and TO ant
from each country Of much commercial importance
abroad few of the most striking results are con
densed in note, Q)
ESTIMATE OF THE RECEIPTS AID EXPENDITURES foi
1870
Fer reasons hereafter to be explained the receipts int
the Treasury the ensuing year cannot be estimated
high as in 1889
From the best information possessed by this depart
ment it is computed that the aggregate OF them ava
able for public purposes will not exceed SleoVo,oo'