Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1845-12-17
.Drxr,s MESS hcluded.


somo OF tho nations OF South America,
an''"s c,Ioving our example, havo est1bllshed
-. ;odeoonGencc, while III others 1nteFnhi dis-
VIZ ,rcvai. tits natural that ouf symPa.hies
.s,.,h be- warmly enlisted for their Ye'faro that
-. .bould desro that all con''oversf JOS pe'wcen
ham should DO ainicaby ndJustod' afid 'ho'r gov
s.,,,.n,s administered in manner tp protect INC
.;ob,s. and promote tho prosperity OF ihcif poo
liz IL is contrary, however, TO Our sottioi P'li-
70 IN Interfere in their controversies, whether
eternal or Internal.
Tbayc thus advertcd TO all the subjects connect
N with our foreign relations, TO whclh deem II
occcssary to call your attention. for policy IS
oot only peace with all. but good vii towards all
tho Powers Of the earth. While wf arc Just 10
al VIC rcauro that all shall DO Just Us. Except
inc the differences with Mexico and q rent Britain
onr relations with all civilized natIot 3 arc OF the
,os, satisfactory character. 1t is hoped that IN
this enlightened age, these diiorcnf les may be
amicably adjusted.
Tho Secretary Of tho Treasury, ia his annual
report to Congress, will communicate q fuii state
ment of the condition Of our finance s. no I'M
ports for the fiscal year ending on the ihrteth OF
Juno last, wcro Of the vaiuo OF ono hundred ana
scycn,ccn millions two hundred amp NIFTY Tour
thousa nd five hundred and sixty-io'ir doilars' OF
which tho amount exported was I'll tcon millions
three hundred and forty-six THOUSAND oIght nun
Arcd md thirty Misunderstanding ia llanco OF one
hundred and one millions nine hundrfd and scvcn
thousand seven hundred and thirty -four dollars
for domestic consumption. Tho exports Tor tho
samo year were Of the value Of ono hundred aud
fourteen millions SIX hundred and f9rty-slX thou
sand six hundred and six dollars; Of which, the
amount Of doinstc article was ninty-nIne mil
lions two hundred and ninety nine III pusand seven
hundred and scycnty-slx dollars. Tho receipts
into the treasury during tho Same year were TWEEN
ty-Uino million seven hundred anu SKY -niEe
thousand one hundred aud thirty dollars and
ffty-slx cents; Of which there "cro derived from
customs, twenty seven millions hvc hundred ana
twenty eight thousand ono hundred and tWeivc DOL
lars aud seventy ccnts; from salo OF publc lands,
two millions seventy seven thousand and twenty
two dollars and thirty cents; aud fro N incidental
and miscellaneous sources, ono hundred and sixty
three thousand nino hundred md ninety eight dol
lars md ifty-six cents. Tho expenditures for
tho samo period were twenty mine millions nine
hundred and sixty -oight thousand two hundred
and six dollars and ninety eight ccrts OF which,
eight millions five hundred and eighty eight thous
and ono hundred and fifty sovcn dol prs and sixty
two cents wero applied to tho pa mcni OF The
public debt. Tho balance in tho TREASURY on the
first Of July last. seven millions SIX hundred
and fifty eight thousand thrco hun4rcd and SIX
dollars and twenty-five cents.
Tho amount of tho public debt remaining I'M
paid on tho first of October last, was seventeen
millions seventy five thousand four hundred and
forty five dollars and ffty-iwo cents. Further
payments of tho public debt woulp have boon
made, in anticipation of tho period Of its rcim-
bursemcnt under the authority confe rred upon tho
Secretary Of tho Treasury by tho acts of July
twenty first, 1871, and Of April fifteenth and of
March third. 1919 had no, tho unsettled state of
our relations with Mexico menaccd hostile collis-
ion with that power. In view OF ich contin-
gcncy, it was deemed prudent TO retain in the
treasury an amount unusually large tor ordinary
purposes
few wears ngo, our whole natiora debt grow
ing out of tho Revolution and tho war of 1872
with Great Britain was eXtinguished, and We pro-
scn,ed to the world tho and nc bio spectacle
Of a great and growing people who had fully DIS
charged evory obligation. Since that time. the
existing deb. has been contracted; and small as
it is, In comparison with the sGll!ar burdens OF
most other nations, it should be cXtingulshcd ut
tho earliest practicable period. SHOULD tho state
Of tho country permit, and, especially If our
foreign relations intcrpose no obstacle, II IS con-
,empated to apply all tho moneys ib the treasury
as they accrue beyond what is REQUIRED for the
appropriations by Congress. to its liquidation l
cherish the hope Of soon bong ab!d to congraiu-
late the country on its recovering dnco moro tho
lofty position which it so recently occupied. Our
country, which exhibits to the work tho benefits
Of self government. in developing a tho sources
Of national prosperity, owes 10 mar kind the per-
manen, example Of a nation free I'd ON the blight
ing influence Of public dcbt.
The attention of Congress is invited I'd the Importance
Of making suitable modifca and REDUCTIONS of the
rates of duty imposed by present thrift laws The
object of imposing duties imports should be to
pay the necessary OF goverur', MT
ConSre.s undoubtedly, in the exercise of sound
disc disc rninae arranging the of duty
articles; but the determinations should be with
in the revenue standard and be made with the view TO
raise m ney for the support of government.
Ii becomes important to understand distinctly what Is
meant by a revenue standard the maximum of which
should be exceeded the of duty imposed. 1t
% conceded and experience proves that duties may be
laid high diminish prohibit al pgether. the
poation of given article and thereby lessen or de-
lroy the which, lower rates, would be deri
red from importation. Such duties exceed the
and imposed to raise money for the
airport Of government. If Congress levy duty. for
revenue, Of one per cent a given article, it will pro-
duce given amount of money the rtasury, and will
and necessarily afford prote etion advan
lagc the of per cent. the home manu-
facturer similar like article the importer. If
the duty be raised ten cent, Will produce grea
of afford greateF protection If
L. al