Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1846-12-23
selves Every means within our powes
should be rendered available for The pro-.

OF the Treasury wall exhibit in detail The
condition of the finances. The imports
Tor the fiscal year ending on the Both,
of June last, were of the value of one
hundred and twenty one millions six
hundred and nine y one thousand seven
hundred and ninety seven dollars. Of
which the amount exported was eleven
million three hundred and forty six thou.
sand six hundred and twenty three dol.
lars: leaving The amount retained IN the
country for domestic consumption one
hundred and ten million three hundred
and forty Ave thousand one hume red and
seventy four dollars The value Of the
export for The same period was one hun.
dred and thirteen million four hundred
and eighty eight thousand FIVE hundred
and sixteen dollars: Of which one hun.
dred and two million one hundred and
foty one thousand eight hundred and
ninety three dollars consisted Of domes.
tic productions. and eleven million three
hundred and forty six thousand SIX hun.
dred and twenty three dollars of foreign
articles.
The receipts into the Treasury for
the same year were twenty-nine millions
four hundred and furty-s"ven dollars and
and six GEMS; of which there was de.
rived from customs lweniy-slx millions
seven hundred and twenty thousand six
hundred and sixiy-seven dollars and
eighty.seven cents; from sales of public
lands Two millirns six hundred and nine.
4 4 I'D
two dollars and forty eight cents; aud
from incidental Il miscellaneous sources
ninety .wo 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 dol.
lars aud twenty cents and the balance
in the treasury ON the first day OF Iulv
last was nine million one hundred and
twenty SIX thousand four hundred and
eighty cents.
The amour, OF public debt, including
treasury notes on tie first Of The present
,monlh was twenty four mill on iWo hun.
dred ard fifty SIX thousand four hundred
and ninety four dollars and six cents; OF
which the sum OF seventeen millions sew
cn hundred and eighty aud eighty eight
thousand seven aud ninety nine dollars
and sixty two cents was outstanding IN
The fourth OF March, lS45, leaving the
amt uni incurred since that lime SIX mill,
ion four hundred and sixty seven thou
sand six hundred and ninety dollars and
ninety elgh, cents.
In order 10 prosecute the war with
Mexico with vigur and energy. Us the
best means of bringing it 10 II speedy hon,
0ruble terminal on, u further loan vii! be
necessary 10 meet the expenditures for
the present and The next fiscal year, and
il lie war should be continued until the
30in of jane; lo49-belng The end of
the next fiscal year-il is estimated that
an addIti"u;l loan OF twenty three mill.
ions OF d3lurs Will be required This
estimated is made upon The assumption
that il will be necessary 10 retain con-
stanily III the treasury four million O:
dollars to guard against contingencies.
Ii such surplus were not required 10 he
retained, then a loan Of nineteen millions
Of; dollars would be suflicien'. IL how.
ever, Congress- should, nj The present
session, impose Il revenue duty on the
principal artlcles how embraced in the
iree list, II is estimated that an additional
annual revenue Of about two millions
and half, amounting, ii is estimated,
on lie 3Oth oi June, 1913, 10 four null,
IONS Of dollars, would be derived from tina,
source, AID The loan required would be
reduced by that amount.
1t is estimated, also, that should Con.
gress graduate and reduce the price Of
such OF The public lands as have been
long in the market, the additional reve,
nue. derived from that source would be
annually. for several years 10 come,
between half 4 million and million Of
dollars, aud the loan require may be re
duced by thai amount also. Should
these measures be adopted, The loan re-
qulred would no probably exceed Is or
80 millions ot Misunderstanding in the
treasury II constant surplus of fur mill,
ions oil dollars. The loan proposed, i.
is estimated, will be Sufficient 10 cover
The Necessary expenditures, both for the
war and u other purposes, up 10 the
3Olh OF June 1913; and an amount Of
This loan. 10 exceeding one half, may
be required during The present fiscal
year, and The greater part of the re.
mainder during The first half Of The fiscal
year succeeding.
IL order that timely notice may be
given, and proper measures taken 10 ei'
iecl the loan, or such portion Of il rs
may be required, ii is important that the
authority Of Congress 10 make it be CIV
en- al an early period of your perseni
session. 1t is suggested for period of
twenty years with authority 10 purchase
the stock and pay il off. al an earlier
period, al its marke, value, GU, Of any
surplus which may al any time be in the
treasury. applicable to that purpose.
After the establishment of peace with
Mexico, it is supposed that considera-
bic surplus will exist, and that the debt
may be extinguished in much shorter
period than that for which il may be con-
iracied. The period of twenty years,
as that for which the proposed loan may
be contracted, in preference to a shorter
period. is suggested, because all expert
ence, both al home and abroad, has
+. hf,,p hat IN. v,onch