The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1845-12-16

ceed on his mission.
unfortunately, differences continue to exist
among some of the nations ofSouth America,
which, following our example, have estab-
lished their independence, while in others,
internal dissension prevail. 1t is natural that
our sympathies should be warmly enlisted for
their welfare; that we should desire that all
controversies between them should be ami
cably adjusted, and their governments ad.
mlnlstered in manner to protect the rights,
and promote the prosperity of their people.
Ii IS contrary, however, to our settled policy,
to interfere in their controversies, whether
external or internal.
l have thus adveted TO all the subjects coll
nected with our foreign relations, to which
deem it necessary to call your attention.
Our policy is not only peace with all, but good
will towards all the Powers of earth. While
we are Just to all, we require that all shall
be just to us. Excepting the differences with
Mexico and Great Britain, our relations with
all civilized nations are Of the most satisfac-
tory character. 1t is hoped that in this en-
lightened age, these differences may be am
icably adjusted.
The Secretary ofthe Treasury, in his an
nual report to Congress, will communicate
a full statement Of the condition of our fnan-
ces. The imports for the fiscal year ending
on the thirtieth of June last, were of value
of one hundred and seventeen millions two
hundred and ffty-four thousand five hundred
and sixty-four dollars, of which the amount
exported was fifteen millions three hundred
and forty-six thousand eight hundred and
thirty dollars-leaving balance Of one hun
dred and one millions nine hundred and sew
en- thousand seven hundred and thirty-four
dollars for domestic consumption. The OK
ports for the same year were OF the value Of
one hundred and fourteen millions six hum
dred and forty-six thousand six hundred and
six dollars; of which, the amount of domes-
tic articles was ninety-nine millions two hum
dred and ninety-nne thousand seven hun
drcd and seventy-six dollars. The receipts
into the treasury during the same year were
twenty-nine millions seven hundred and six
ty nine thousand one hundred and thirty-three
dollars and fifty-six cents; of which, there
were derived from customs, twenty-seven
millions five hundred and twenty-eight thou.
sand one hundred and twelve dollars and
seventy cents; from sales of public lands,
two millions seventy-seven thousand and
twenty-five dollars and thirty cents; and from
incidental and miscellaneous sources, one
hundred and sixty-three thousand nine hun
dred and ninety-eight dollars and ffty-six
cents. The expenditures for the same peri
cd were twenty nine millions nine hundred
and sxty-eight thousand two hundred and
six dollars and ninety eight cents; Of which,
eight millions five hundred and eighty eight
thousand one hundred and fifty seven dollars
and sixty-two cents were applied to the pay
ment of the public debt. The balance in
the treasury on the first of July last, was
seven millions six hundred and fifty eight
thousand three hundred and six dollars and
twenty two cents.
The amount of the public debt remaining
unpaid Oh the first of October last was sew
enteen millions seventyive thousand four
hundred and forty-fve dollars and fty-two
cents. Further payments Of the public debt
would have been made, in anticipation of tho
period of its reimbursement under the au-
thority conferred upon TIE Secretary Of tho
Treasury by the acts Of July tw enty-frst,
le4l, and of April fifteenth, and of March
third, lS43, had NOT the unsettled state of
our relations with Mexico menaced hostile
collision with that power. In view of such
contingency, it was deemed prudent 10 re-
tain in the treasury an amount unusually
large for ordinary purposes.
A few years ago, our whole national debt
growing out Of the Revolution and war of
1912 with Great Britain was extinguished,
and we presented to the world the rare and
noble spectacle of great and growing peo-
pie who had fully discharged every obliga-
tion. Since that time, the existing debt has
been contracted; and small as it is, in COM
parison with the similar burdens of most 9TH
er nations, it should be extinguished at the
earliest practicable period. Should the state
oftho country permit, and, especially if our
foreign relations interpose no obstacle, it is
contemplated 10 apply all the moneys in the
treasury as they accrue beyond what is re-
qured for the appropriation by Congress, to
its liquidation. | cherish the hope of soon
being able to congratulate the country on it's
recovering once more the lofty position which
it so recently occupied. Our country, which
exhibits to the world the benefits ofselfgov-
eminent, in developing all the sources Of
national prosperity, owes to mankind tho
example Of a nation flee from tho
influence of public debt.
The attention of Congress is invited to tho
importance of making suitable notifications
and reductions of the rates of duty imposed
by our present tariff laws. The object of
imposing duties on imports should be to raise
revenue to pay the necessary expenses Of
government. Congress may, undoubtedly,
in the exercise of sound discretion, discrim-,
mate in arranging the rates of duty on differ
k,t i q; l.