Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1846-12-26

hem into Mexican ports, and ii is not apprehen.
led that any nation will violate its neutrality by
suffering such prizes 10 be condemned and sold
within its jurisdiction. rs. .E .il.a WQ |
recommend that Congress should Immediately
provide by law for granting letters Of marque and
teprisal against vessels under the Mexican flag.
Ii is true that there are but few, il any, CONNER.
cial vessels Of Mexico upon the high seas; and
il is therefore not probable that many American |
privateers would be fitted out, in case law
should pass, authorisng this mode Of warfare. -
II is, notwithstanding, certain, that such priva |
teers may render good service to the commercial
interests Of the country, by recapturing our mer
chant ships should any be taken by armed yes.
sells under the Mexican flag, as well as by cap
turing these vessels themselves. Every means
within our power should be rendered available for
the protection OF our commerce.
The annual report Of the Secretary Of the
Treasury will exhibit detailed statement Of the
condition Of the finances. The imports for the
fiscal year ending on the 30th OF June last were
Of the value OF 1921, 6el.797; of which the
amount exported was Sll,346.623; leaving the
amount retained in The country for domestic con,
sumption Sll0,345,l74. ....
The value Of exports for the same period was
S113, ass SIG; Of which S1O2 al 1893 consisted
Of domestic productions, and Gil, 346, 623 OF
foreign articles
The receipts into the treasury for the same year
were twenty nine million four hundred and ninety
nine thousand and two hundred and forty seven
dollars and six cents, Of which there was derived
from customs twenty six million seven hundred
and twelve thousand six hundred and sixty seven
dollars and eighty seven cents; from sales Of
public lands two million six hundred and ninety
four thousand four hundred and fifty Two dollars
and forty eight cents, and from incidental and
miscellaneous sources ninety two thousand one
hundred and twenty six dollars and seventy one
cents. The expenditures for the same period
were twenty eight million thirty one thousand one
hundred and fourteen dollars and twenty cents,
end the balance in the treasury on the first day Of
July last, was nine million ore hundred and
twenty. six thousand four hundred and thirty nine
dolla.s and eight cents.
The amount of The public debt, including
treasury notes, on the first OF the present month
was twenty four million two hundred and fifty six
thousand four hundred and ninety four dollars
and sixty cents; Of which the sum Of seventeen
million seven hundred and eighty eight thousand
seven hundred and ninety nine dollars and sixty
two cents was outstanding on the 4th Of March,
1915, leaving the amount incurred since that
thousand six hundred and ninety four dollars and
ninety eight cents. .gwF
In order to prosecute the war with Mex.
leo with vgor and energy, as the best means
Of bringing it 10 a speedy and honorable
termination, further loan will be necessary, 10
meet the expenditures for the present and the
ued until the Both OF June, 1S4S-being the end
oG Gc,s l.. IL iS ,,ad Of an
additional loan OF 1913 200, 900 will be required.
This estimate is made upon the assumption that
it will be necessary 10 retain constantly in the
treasury four million Of dollars, to guard against
contingencies. II such surplus were not required
to be retained, then loan OF nineteen million
would be sufficient. IT. however, Congress
should, at the present session, impose revenue
duty on the primo pal articles now embraced in
the free list, it is estimated that an additional an
nua revenue Of about Two millions and . hall
amounting, il is estimated on the 30tn OF June,
1913. to our million Of dollars, would be derived
from that source; and the loan required would be
reduced by that amount 1t is estimated also,
that should Congress graduate and reduce the
price OF such OF the public lands as have long
been in the market, the additional revenue de.
rived from that source would be annually, for
several years 10 come, between half million and
million OF dollars; and the loan required may
be reduced by that amount also. Should these
measures be adopted the loan required would not
probably exceed eighteen or nineteen million oil
dollars-eavlng in the treasury a constant SUI
plus of four million Of dollars. The loan pro.
posed it is estimated. will be sufficient 10 cover
the necessary expenditures, both for the war, and
for all other purposes, up to the 30th of June
1S4S; and an amount Of this loan, not exceeding
one half, may be required during the present ifs
cal year, and the greater part OF the remainder
during the first half Of the fiscal year succeeding
In order that timely notice may be given, anc
proper measures taken 10 effect the loan. or sucI
portion OF it as may be required it is important
that the authority OF Congress be given to make
il at an early period OF your present session. i
is suggested that the loan should be contracted fol
period OF twenty years, with authority 10 pur
chase the stock and pay it off, at an earlier pc
Rod, at its market value, out OF any su.pln:
which may at any Time be in the Treasury app
cable 10 that purpose. After the establishment
OF peace with Mexico, it is supposed that con.
siderable surplus will exist and that The debt may
be extingushed in much shorter period than
that for which the debt may be contracted The
period Of twenty years, as that for which the
proposed loan may be contracted, 10 preference
10 shorter period, is suggested, because all ex.
perience, both at home and abroad, has shown
that loans are effected upon much better terms
upon long time, than when they are reimburse.
BILE al short dates.
Necessary as this measure is, to sustain the
honor and the interests Of the country, engaged
in foreign war; it is not doubted bu! that Con
gress will promptly authorize it,