The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1844-04-19

mated expenditure, anu t'''o
,hicb will probably be carried TO Inc sur
,lus fund of former appropriations. Al
he close of the present fiscal year, TINS |
um is computed at over half million
f it should be as much next year, lhere
would re three millions from these Two
ynrce. TO be deducted from the proposed
expenditure which, added TO the four MIL
ions of diminished appropriations, shows
, deduction of seven millions from The es-
innate thus, instead of deficiency oil four
and half millions, leaving surplus oil
two and half. ;,
All this is independent of the probable
receipts of the year in question Upon
that subject, of course, much uncertainty
must exist. The Secretary estimates Inc
revenues from the customs Tor that year
a, twenty millions. For myself, l shall
be greatly surprised IT they tall short u
tventv.three millions. Practical and III
telligent merchants, ! am informed, IL,
some of the cities, estimate ihehi sun
biober-as high even as twenty 1--WE OF
,,yep,v.six millions. Their Opinions OH
o,es,i,ns of this sort are entitled TO mueii
,r,ioht. From the nature OF Their Dusi'
ness they have means OF miormatioh' "o'
GENERALLY possessed by US. Looking 10
he present condition of atiairs--to the al
vancing prosperity of the country as emu
tied in increasing commerce, III .iie up
Inrec;ating value Oh real estate III lle
commercial, cities, IN the ie''ha''o" VI ~"
mercantile films, in ne fes'o'ea conn
, dan.o which no. exists, IN the Stimulus
~ 80 prise and industry-looking
em.Is sc evidences of general improve.
-, Ido not know that their expecta'
/, MS are very extravagani. We have no.
! at the present moment as full information
on these subjects as is Desirable, bear;no
.hree days will and should have
9tD" preferred postponement of these
remarks until that time. have very lit.
tie doubt that Intelligence will be received
by the next steamer from England, now
hourly expected, which will give increased
animation to business, and u consequent
increase of imports.
peculiar state of things now exists
Notwithstanding the large amount of i'm
ports coming in, The great staple Of our
export, cotton, is not going abroad. The
exports OF 1t have been quite small-unu-
sually so; and at the same time is low
Holders of cotton on this side of the At
ianlic are walilrg for higher prices in
Liverpool while purchasers there are
delaying their operations, in the expecta-
ton OF large supplies TO be received. If
the intelligence by the Britannia should
show an advance in the price, which, |
think, may be anticipated, undoubtedly
large shipments will be made, outward
treI9his will rise, and increased importa.
tons must necessarily follow. If, on the
other hand the price abroad has declined,
or remains stationary, so that holders can.
not ship il without danger Of overlooking
the foreign market and producing a fall,
then, as cotton will not 90 forward, ex.
change will rise, specie will be in demand
Tor export, the banks viii! curtai their
discounts, the currency will become con.
tracted, and business brought TO a pause.
Imports may fall off and the revenue con.
sequentIy decline. All these contingencies
are to be kept in view. How long the
present state Of things is TO continue we
cannot foresee, nor what is to he fbe
change which shall next happen. If, how
ever, none Of these contingencies occur. if
here be no decline, none of these disturb.
ng causes, (and | see no ground to antici.
'ate them TO any considerable extent,) |
hall not be surprised if the opinion of We.
y intelligent merchants, to which have
diverted, shall be realized. In that event
instead of deficiency, we shall have G.
iough for all the purposes Of the Govern.
nent and to redeem that portion of the ,
ubllc debt falling due next year. That,
owever, | will not now calculate upon.-
'ut II the expenditures are reduced in the
manner have suggested, and if the i'm. :
orts OF the year are not materially OBJ. {
Iructed from the causes suggested. the
eyenue OF the fiscal year will meet all the {
Expenditures Of it, and leave surplus of !
'me millions in the Treasury. To give !
revenue OF twenty-three millions, it is :
1ly necessary to import sixty-four or six. h
live millions of dutiable merchandise t
re have often imported much moro tfan !,
-
IAN at present. and now, when there is \
creased prosperity, when money is abun- c.
mt, confidence restored, enterprises en-. b
rged, all branches of business starting p
TO fresh life and vigor-what reason IS X
ere 10 expect we shall not be able to i'm. "a
IT from sixty 10 seventy millions as well m
IN times past! Indeed, think we NAV "
ry safely exPcc, The imports of the year, ear.
endar or fiscal whether commencing in tb
1uary or July, will amount 10 one hun. co
ID millions. The proportion Of dutable do
ports, as indicated in the returns OF the ior
I'd quarter of last year, is something o m1
II fourfifths Of the whole and if the the
ne proportion should continue, which | VIII
'dly expect, i would give an import Of the
y eighty millions dutiable, yielding =, ,o'
enue oftwenty-eight millions Of dollars. con
us, 1t will be seen, SIR in any view tiol
hch can be taken of ii, | make very MO
eral allowance in estimating the receipts eor
IN the customs, for the fiscal wear at ~
enty-three millions, -
have deemed it necessary to saw 81 we
lch upon the state and prosnects or tho