Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1846-07-08


relative to the mode Of raising funds
for carrying on the ,ear toith Merico.
To the Senate of The United States:
In answer 10 the resolution OF the Sem
ate of the Sd inst, communicate here
with estimates prepared by the War and
Navy Departments, Of the probable ex-
penses of conducting The existing war with
Mexico, during the reminder of the pres
ent and the whole Of the next fiscal year.
communicate, also, a report Of the Secre-
tary Of the Treasury, based upon these es-
Inmates, containing recommendations OF
measures for raising The additional means
required, 1t is probable that the actual
expense incurred during the period spcc.
fed may fall considerably below the esli.
mates submitted, which are for larger
number of troops than have yet been call.
ed to the field. As u precautionary mea.
sure, however, against any possible de-
iiciency, The estimates have been made at
the largest amount which any state OF the
service may require.
II will be perceived from the report OF
the Secretary OF the Treasury that con.
siderable portion Of the additional amount
required may be raised by modification
of duty imposed by the existing Tariff
laws. The high duties at present levied
on many articles totally exclude them from
important n, whilst the quantity and amount
OF others which are imported are greatly
diminished, By reducing these duties to
revenue standard, il is not doubted that
large amount Of the articles on which
they are imposed, would be imported, and
a corresponding amount of revenue be re
ceived into the treasury from thIs. source,
By imposing revenue duties on many artl'
Giles now imported free of duty, and by
regulating the rates within the revenue
standard upon others large additional re.
venue will be collected. independently
Of the high considerations which induced
me, in my annual message, to recommend
"a modification and reduction of the rates
Of duty imposed by the act OF ls42 as be
ing not only proper in reference 10 II slate
of peace but just to all the great interests
of the country, the necessity OF such mo-
dihcation and reduction as a war measure
must now be manifest. The country re.
qures additional revenue for the prosecu-
ton of the war. Ii may be obtained, TO
great extent by reducing the prohIbltory
highly protective duties imposed by the
existing laws to revenue rates by imposing
revenue duties on the free list; and by
modifying the rates of duty on other arti'
Giles.
The notifications recommended by The
Secretary of the Treasury, in his annual
report of December last, were adapted to
state Of peace, and the additional duties
now suggested by him, are with view
strictly 10 raise revenue MS a war measure,
At the conclusion of the war these duties
may and should be abolished, and reduced
to lower rates.
Ii is not npprehended that the existing
war with Mexico will materially affect our
trade and commerce with the rest Of The
world. On the contrary, The reductions
proposed would increase that trade, and
augment the revenue derived from it.
When the country is in state of war no
contingency should be permitted to occur
in which there would be deficiency in the
treasury, for the vigorous prosecution of
the war; and to guard against such an
event il is recommended that contingent
authority be given TO issue treasury notes,
or to contract loan for limited amount,
reimbursabe at an early day. Should no
occasion arise to exercise the power, sill
it may be important that the authority
should exist should there be necessity
for ii.
II is deemed necessary to resort TO dl.
rect taxes or excises-the measure recon-
meudcd being deemed preferable as a
means Of increasing the revenue. II Is
hoped that the war with Mexico, il Vlgor-
ously prosecuted, as is contemplated, may
be Of short duration. shall he at all times
ready 10 conclude an honorable peace,
whenever the Mexican Government shall
manifest like disposition. The existing
war has been rendered necessary by the
acts of Mexico; and whenever TINT power
shall be ready 10 do us justice, we shall be
prepared to sheath The sword, and tender
To her the olive branch Of peace.
JAMES X. POLK.
WASHINGTON, June Is, 1916.
CAMPAIGN AGAINST MEXICO. "A Wash
inulon letter SAYS: