Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1845-12-11

enlightened aye, these differences may be
amcably adjusted.
The Secretary Of The Treasury, IN his animal
,enort 10 Congress, will communicate a GI,
s,aremenl of The condition of our finances ,rba
,npons for the fiscal year endln, ON the ,h,,.
rcih of June last, were of the value of one
hundred and seventeen millions two h,ud,.a
and 6fly-four thousand five hundred and .;x,v.
four dollars, of which The amoun, exported was
dfeen millions three hundred and r,,,v.six
thousand eight hundred and thirty dollars
leaving balance of one hundred and one mil
mons nine hundred aud seven thousand seven
hundred aud Ihirty-fnur dollars f,r domestic
consumption. The -xpo,ls ior the same year
we're of the value Of one hundred and (our,ee,
millions six hundred aud foriv-slx thuosan,I sly
hundred and SIX dollars; of which. the amouu,
ol domestic ar'lcles was ninely-nine millions
Two hundred and ninely-nine thousand seven
hundred and seveny-siX dollars. The recein,,
into The treasury during the same wear were
iwenty-nlne millions seven hundred aud sixty.
nine thousand one hundred and hirty-three dol
lars and fity-six cents; of which amour, there
were derived from custom, twen'y-seven mil.
lions five hundred and twrn,y-eighl thousand
one hundred aud twelve dollars and >eyen,v
cents; from sales of public lands, two millions
serenly-seven thousand and twenty-five dollars
and thirty tents; and from incidental and mis-.
cellaneous sourceses. one hundred sixty-lhree
thousand nine hundred and ninetv-eight dollars
aud flty-six cents. The expenditures Tor the
same period were twen'y-nine millions nine
hundred and sixty-eight thousand two hundred
aud six dollars aud ninety ght cents; of which,
eight millions five hundred and eigh,y-eigh,
thousand one hundred and tif,y-seven dollars
aud slx'y-two cents were applied to the pay
menl of the public debt, The balance in the
treasury, on The first of July last, was seven
millions six hundred aud fiilv.eigm thousand
three hundred and six dollars aud TWENTY-FIVE
cents.
The amount of The public debt remaining un-
paid on The first of October last, was seventeen
millions seveniy-five thousand four hundred and
lory-ive dollars and ify.lwo cents. Further
payments OF the public debt would have been
made, in anticipation Of the period Of lis reim-
bursement under the authority conferred upon
The Secretary Of the Treasury by the acts of
July 81, ls4l, and of April Is, 1912, and March
3, lS43, had not the unsettled state of our re-
alions with Mexico menaced hostile collision
cy, ii was deemed prudent TO relain in the rrea-
sury au amount unusually large for ordinary
purposes.
few years ago, our whole national debt
glowing out OF the Revolution and the war of
1912 with Great Britain was extinguished, and
We presented 10 The world the rare and noble
spectacle Of a great and growing people who
had !ully discharged every obligation Since
that lime, the existing debt has been contract
ed; aud small as II Is, IN comparison with The
sImllar burdens Oi most other nations, il should
be exlingulShed al the earliest practlcle period.
Should The Stale Oi the country permit, and, es-
peclay, II our iurelgn relations In,erpose no OBJ
sIaee, II Is contemplated 10 apyly all the mon
eyes IN The treasury as they accrue bevond
weat is required for The appropriations by Con-
gress, 10 lis liquidation. cherish The hope of
sOon being able to congratulate The country on
Us recovering once more the lofty position
which II So recently occupied. Our country,
which exhibits to the world The benefits Of self.
gorernment, in developing all the sources Of
national prosperity, owes 10 mankind the per-
manenl example OF nation free from the bll gh-
ing Influence of public debt.
The attention of Congress is invited TO the
Importance Of making suitable notifications and
reductions OF the rates Of duty imposed by our
present tariff laws. The object OF imposing du-
lies imports should be 10 raise revenue to
pay The necessary expenses Of government.-
Congress may, undoubtedly, in the exercise of
sound discretion, discriminate in arranging
Ihe rates of duly on different articles but the
determinations should be within the revenue
standard. and be made with a view TO raise
money for the support Of government.
1t becomes importan, TO understand distinctly
what is mean, by revenue standard, the max
mum of which should not be exceeded in The
rates of duty imposed. 1t is conceded, and
experience proves, that dulies may be laid So
hgh as TO diminish, or prohibit altogether, the
Importation of any given article, and thereby
lessen or destroy the revenue, which, at lower
Iates, would be derived from It's importation
Such duties exceed the revenue rates, and are
not imposed TO raise money for the support Of
government. II Congress levy duty, for rev.
enue, of one per cent. on a given article, ii will
produce given amount Of money 30 the treas
ry, aud will incidentally aud necessarily al
ioId protection, or advantage, TO the amount OF
one per cent. 10 the home manufacturer of a
similar or like article over the importer. IL