The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1841-06-19

growing out of restoration of conf
dence, together with a reduction in the
of collecting, and punctuality on
the part collecting officers, may cause
an addition to the monthly receipts from
customs. They are estimated for the
residue of the year from the 4th of March
at S12,000,000 the receipts from the
public lands for the same time are esti-
mated at S2,5O0,OOO; and from miscel-
laneous sources at $4,000; making an
aggregate available fund within the year
of $14,67O,O00; which will leave pro-
bable deficit Of Ii ,406, 132 SO. To meet
this, some temporary provision is neces-
sary, untilt the amount can be absorbed
by the excess of revenues, which are an
ticipated to accrue al no distant day.
There will fall due within the next
three months, Treasury notes of the is
sues Of 1910, including interest, about
$2,958,OOO. There is charged in the
same period for arrearages for taking
the sixth census 1894 900; and the esti-
mated expenditures for the current SER
vice are about $8,19O,OOO; making the
aggregate demands upon the Treasury,
prior to the first Of September next, a
bout 81, 100000.
The ways and means in the Treasu-
ry, and estimated to accrue within the
above named period, consist of about
$694,000 OF funds available on the 28th
ultimo; an unissued balance of Treasury
notes authorized by the act of I84I
amounting to $l,955,O0O, and estimated
receipts from all resources of $500,
600; making an aggregate of about Sc
100000, and leaving a probable deficit
on the first of September next Of 81 .845,
900.
In order 10 supply the wants ofthe go
vernment, an intelligent constituency, il
view Of their best interests, will, withou
hesitation, submit to all necessary bur
dens.-But it is nevertheless important 81
to impose them as to avoid defeating the
just expectations of the country, growing
out Of pre-existing laws. ! he act o
March ed, 1889, commonly called TIT
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 tn,
series of reductions provided for by tina
law, at which time provisions made b,
the same law, and which then will b.
| brought actively in aid of the manufac
turing interests of the Union, will no
fail to produce the most beneficial re
suits. Under system Of discriminatin,
duties imposed for purposes of revenue
in unison with the provisions Of existin
laws, it is to be hoped that our polio,
will, in the future, be fixed and perma
nent, so as to avoid those constant fuctu
atoms which defeat the very objects the
have in view. We shall thus best main
tain position which, while it will ena
T Bile us more readily to meet the advance
of other countries, calculated to promot
our trade and commerce, will, at tn
same time, leave in our own hands tn
means of retailing with greater effec
unjust regulations.
!, In intimate connexion with the que.
. ton Of revenue is that which makes pre-
, visions for suitable fiscal agent, caps
BILE of aiding increased facilities in tn
collection and disbursement of the publ
revenue that it may be regarded in
! great degree as controlling both. If p;
8 per be used as the chief medium of CT
! culation, and the power be vested in tn
; Government of issuing it at pleasure, e
Their in the form of Treasury drafts {
, any other, or if banks be used as publ
repositories, with liberty TO regard a
, surpluses from day to day as SO much a
} ded to their active capital, prices are e.
= posed TO constant fluctuations, and indu
, try to severe suffering. In the one cas-
D political considerations, directed 10 part
f purposes, may control while excessi'
cupidity may prevail in the other. II
public is thus constantly liable to imp
: sition. Expansions and contraction
n may follow each other in rapid succe
j, sion, the one engendering reckle
s spirit of adventure and speculatio
+ which embraces States as we'll as inc
g viduals; the other causing fall OF pl
It ces; and accomplishing an entire chan;
I, in the aspect of affairs. Stocks of 1
e kinds rapidly decline; individuals a
d dues, rendering more secure their cusi
S dy, and consulting true economy in I
4 great, multiplied and delicate operatio
e of the Treasury Department. Up
If such an agent depends, in an eminent q
h gree, the establishment of a currency
D, uniform value, which is of so great i
ID portance to all the essential interests
II society; and on the wisdom to be ma
lr tested in its creation much depends.
10 intimately interviewer are its operation
d not only with the interests of indivic
ID ais, but with those of the States, ruin
s, and States embarrassed even in their
N forts to meet with punctuality the int
. ests on their debts. Such, unhappily,
the state of things now existing in t