Lexington union. (Lexington, Miss.) 1838-18??, 1841-06-19

three quarters Of the last year,and the frs
quarter OF the present year, amounted tC
$l2,l00 900; the receipts for land for the
same time to S2,742, 450; showing an av
erage revenue from both sources Of $l,-
I236, $40 per month. A gradual expen,
sion Of trade, growing out OF a restoration
of confidence, with reduction in the ex-
pense of collecting and punctuality on
the part Of collecting officers, may cause
an addition to the monthly receipts from
customs. They are estimated for the
re sidue of the year from the 4th Of March
at Sl2,000,O0O; the receipts from the
public lands for the same time are estima
ted at 81, 100000; and from miscelIaneou:
sources at $40, 600; making an aggre-
gate available fund within the year Of
Sl4,670, 060; which win leave probable
deficit of Sll ,406,l32 SO. To meet thi:
some temporary provision in necessary,
until the amount can be absorbed by the
excess Of revenues, which are anticipated
to arcrew at no distant day.
There will fall due within the next three
months, Treasury notes OF the issues Of
lSlO. including interest, about $2,S5S,
600. There is charged in the same peri.
cd for arrearages for taking the sixth cen
aus 1924, 900; and the estimated expendi.
lures for the current service are about
S., 100000; making the aggregate de-
mands upon the Treasury, prior to the
first of September next, about ST., 340,'
coo.
The ways and means in the Treasury
and estimated to accrue within the above
named period, consist Of about s692,000
of funds available on the 2Sth ulumo; an
unissued balance of Treasury notes au-
thorzed By the act Of lS4l, amounting 10
81 1855, 900, and estimated receipts from
oil resources of $3,S00,000; making an
aggregate Of about $64,5O,O 900, and leav-
ing a probable deficit on the first Of Sep
tember next Of 81, $4,000.
In order TO supply the wants of the
Government, an intelligent constituency
IN view of the best interest, will, without
hesitation, submit to all necessary burs
dens. But it is, nevertheless, impor-
tant SO to impose them as to avoid defeat
my The jusl expectations OF the country
growing out OF pre- exhisting laws. The
act Of March I'd. 1888, commonly called
the compromise act, should not be altered
except under urgent necessities, which
are not believed at this time to exist.
One year only remains to complete the
AT which time provisions made by the same
law, series and deductions provided for
by that law, and which then will be
brought actively 10 aid Of the manufactur
ing interest of the Union, will not fail to
produce the most beneficial! results; Under
system of discriminating duties impos
ed for purposes OF revenue, in unison with
provisions existing laws, it is to be hop
ed that our policy will, in the future, be
fixed and permanent, so as 10 avoid those
constant fluctuations, which they defeat
their very objects they have in view. We
shall thus best maintain position which
while it will enable US more readily to
meet the advances of other countries; cal
culated TO promote our trade and COM
merce, will, at the same time, leave in our
own hands the means of retaiating with
greater effect unjust regulations.
La intimate connexion with the ques-
ton Of revenue is that which makes pro-
visions for a suitable fiscal agent, capable
of adding increased facilities in the colec.
ton and disbursement Of the public reven-
ues, rendering more secure their custody
and, consulting true economy in great
multiplied and delicate operations Of the
Treasury department. Upon such an
agent depends, in an eminent degree, the
establishment Of currency of uniform
value which is Of so great Importance to
all the essential interest Of society aud on
the wisdom to be manifested in Its creation
much depends. So intimately interwov-
en- are its operations, not only with the
interests of individuals, but with those Of
the States, it may be regarded in great de.
gree as controlling both. lfpaper be us
ed as the cheif medium Of circulation, and
the power be vested in the Government,
of issuing it at pleasure, either in the form
oC Treasury drafts or any other, or if
banks be used as public depositories, with
liberty to regard all SURPRISES from day to
day as so much added to their active cap
ital, prices are exposed to constant fluctua>
lions, and industry to severe suffering.-ln
the one case, political considerations, d.
rected to party purposes, may control;
while excessive cupidity may prevail in the
other. The public is thus constantly liza
BILE to exposition. Expansions and COM
fractions my follow each other in rapid
succ ion, the one engendering reck.