Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-12-21

We 1
ton az the finances. The balance IN the urea Il
surv on the first of January ast,as stated IN Tue
renort of the secretary of the Treasury SUI
m,ited tn Congress at the Extra Session was '
81 ,7.345.O3. The receipts into the lreasu- |
nv, during the first three quarters o. ms az
from all sources, amount to S23,3OI,u-o u |
The estimated receipts from the fourth quar-
ter amount TO S6.943 095 % amounting 70
$50 4lO,i67 II; making with the Saiahc CO ~
the 1 reasury, on the LIST Of January laS1 20
1882 So The expenditures Tor tne - 15s
three quarters of this year amount 10 Y 49,
BAG 81 The expenditures Tor the lour.l gua. a.,
ter,as estimated, viii amount to . i,J o 20 ~
thus making a total of 53202o,UaU |o' anu
| leaving deficit to be provided tor on tile
first of January next, of about $62l ooI w.
Oftee loan of Sl2009,O00, which was au-
| thorized by Congress at its late session. 0nly
S5432.7 1875 e8 have been negotiated Inc
shortness oftime which it had to run, mas pre-
sen+ed no inconsiderable impeachment IN the |
wav gifts being taken by capitalists at home,
while the same cause would have operated
with much greater force in the foreign market.
For that reason the foreign market mas peen
/ resorted to, and it is now submitted, WhetneI
il would not be advisable to amead the law oy
making what remains undsposed c. payaole dI
; a more distant day.
Should it be necessary, in any view that
Congress may take Of the subject, to revise
the existing tariff of duties, beg leave 20 say
that, IN the performance Of that most delca1e
operation moderate CUauscls would seem 10 %
: the wisest.-The government under when II
is our happiness to live, owes its existence 10
the spirit of compromise which preVa,lea
, amongst ITS DEMONSTRATING and discorddht
opinions could only have been reconched ny
] that spirit OF patriotism, which prompted con-
| Il oil in
I same spirit the compromise bill, as 1t Is com,
: monty called, was adopted at the session OF
l. 1888 While the people of no portion OF the
Union will ever hesitate to pay all necessary
d taxes for the sup aort of the government. yet
/ an innate repugnance exists, TO the lmpoSl-
$ tons ofbnr'hens not really necessary TOR That
/ object In imposing duties, however, for the
: purposes of revenue, a right TO discriminate as
a to the articles on which the duty shall de LAID,
e as well as the amount, necessarily and most
/, properly exists. Otherwise the government
Il would be placed IN the condition OF having to
: levy the same duties upon all articles-the pro-
y ductive as well as the unprOductVe.
y The slightest duty upon some, might
! have the effect of causing their importa-
! ton To cease, whereas others entering eX-
h tensivey into the consumption of the
h. country, might bear the heaviest, without
" any sensible dimunitlon in the amount i'm
5. ported.
a. So also, the Government may be JUST
le9 fed in 50 discriminating, by reference to
- other considerations OF domestic policy
=, connected with our manufactures. 81
tvi long as the duties shall be laid with dis
nj tinct reference TO the want, Of the Treas
be ury,no wei founded objection can exis
e. again3tsthem. II might be esteemed desira
~ Bile that no such augmentation OF the take
n9 should take place as would have the CT
of feet Of annuling the land proceeds distrl
TX button act of the last session, which &C
ce, 5 declared imperative the moment the du
"a ties are increased beyond 20 per cent
Try the maximum rate'est lbIi>hed by tie Con
It's promise act.-Some of the provisions c
al the Compromise Act, which will 90 int
ian effect on the 30ih day Of Juue next, may
ne however, be found exceedingly incoavea
ore lent in practice, under any regulations tn;
m congress may adopt. A refer more pa
by ticuary to that relating to the home va
oo uation. A difference in value Of Il
same articles to some extent, will neCe
eep sarily exist at different poris--but that
but altogether insignificant, when compare
M with the conflicts in valuation, which a
The likely TO arise from the differences of OPT
pc 'a ION among the numerous appraisers
md merchandise. In many instances, Il
e is estimates of value must be CO liectural,a al
lsti- thus as mlny different rates of value m
Jess, be established as there are appraisers
The These diffe rences in valuation may
tne so be increased by the inclination, viii
, ~ without the slightest impufation on til,
ties. honesty, may arise on the part of the a
, its pralsers ia favor of their respective po
with of entry. | recomend this whole subject
the consideration of Congress, with a sin.
es OF additional remark. Certainty and perrna
L u:"i ency 10 any system of governmental DC
SAINT cy are IN all respects eminenty desirab
hose but more pa tlcularly IS this true in all 4
GEES affects trade and commenced the operat,
ming OF which depends much more on the c,
y OF a nty of Their r2turns, and calculate
E Po- which embrace distant periods oftime ii
can, on hgn boanties or duties which are liza
nd 10 constant fluctuations.
clti- At your late session, invited your att
com ton to the coalition of the currency a
para urged the necessity of adopting such me
some uIes IS were consistent with the const
- 60 tlonal competency of theGoverment,l In
that der to correct the unsoundness of the
ender and as for as practicable the ineaualit
epub- Of the other. No country can Sc in the
tn OF Joyment of Its full measure of prosper
our without the presence ola medium of
! .iat change, approxlmating to uniformity of
~ IAN lue. What is necessary between the di
luded rent nations of the earth, is also import
r the as between the inhabtances of differ
# the parts of the same country, with the |
'fthat the precious metals constrt1te the c
snate. medium of circu laton,and such also VIC
DID, Ord be the case as to the last, bu. for in,
Tie IONS comparatively modern, which h
ormIy furnished, in place of gold and slye
Of am paper circulation. | do MOI propos
e uu- enIer into comparative ANALYSIS Of
rds US, merits ofthe two systems. Such bel
RED to more properly TO the period Of the in
" - ductlon ofthe paper system. The s.
peni. uative philosopher might find ind,
er and menis to prosecute the inquiry, but hi,
r and searches would only lead him 10
upon clude, that the paper system had prob
: Our better never have been introduced.
e,iSa- society might have been hammer wit