The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-06-18

OI tnc Fresltient OF the United states, In an
sWer 10 Resolution OF the Senate, OF June
., Is46, calling for Information relative 20
the mode Of raising funds FOR carrying on
the war with Mexico.
To the Senate of the United States:
In answer to the resolution of the Senate of the Sd ns
communicate herewith estimates prepared by the War
and Navy Departments of the probable expenses Of
Quoting the existing with Mexico, during the remain
der OF the present and the whole of the next fiscal
communicate also report Of the Secretary of the fea-
sury based upon these estimates containing recommen-
cations Of measures for raising the additional means re-
CURED II probable that the actual expenses incurred
the estimates submitted which are for a larger number
OF troops than have yet been called to the field As
caatonaIy measure however against any possible def
amount which any state of tho service may require
twill be perceived from the report Of the Secretary Of
al amount required may be raised by modification of
the rates Of duty imposed by the existing tariff laws
tally exclude them from importation whilst hs w.
and amount of others which imported are greatly d.
minIshed BY reducing these duties to stan
dard not doubted that large amount Of the articles
on which they are imposed would be imported, and a
corresponding amount of revenue be received at the
treasury from this source BY imposing duties
on many articles permitted to be imported free of
duty and by regulating the rates within the revenue
collected independently of the high conside rat;ons
which induced me, in my annual essage, to recommend
modification and reduction Of the rates Of duty imposed
by the act OF 1912 being not only proper reference
to state of peace but just all the great interests
the country the necessity Of such modification and
country requires additional for the prosecution
OF the war II may be obtained to great extent by
ducng the prohbitory and highly protective duties
posed by the existing laws to by inpo.
sing revenue duties on the free list and by modifying
the rates of duty on other articles
The notifications recommended by the Secretary of
the Treasury in his annual report in December last
adapted to state of peace; and the additional duties
suggested by him, with view strictly to raise
measure. At the conclusion of the war
these duties may and should be abolished and reduced
10 lower rates.
1t is not apprehended that the existing wal with Next
will materially affect trade and commerce with
the rest of the world On the contrary the reductions
proposed would increase that trade and augment the
venue derived from 1t.
When the country is in a state Of contingency
should be permitted to in which there would be
deficiency in the treasury for the vigorous prosecu
ton OF the war; and to guard against such il is
recommended that contingent authority be given to issue
treasury notes, to contract loan for limited amount
rembursable at early day. Should occasion arise
to exercise the power still be important that the
authority should exist should there be necessity for
II is not deemed necessary to resort to direct taxes
excises-the measures recommended being deemed
preferable means Of increasing the revenue II is
hoped that the with Mexico, il vigorously prosecu.
ted as is contemplated may be of short duration shall
be at all times ready to conclude honorable peace,
whenever the Mexican government shall manifest like
disposition. The existing has been rendered neces-
sary by the acts Of Mexico; and whenever that DO
shall be ready to do Justice shall be prepared
sheahe the sword and tender to her the olive branch Of
peace. JAMES X. POLK
WARRINGTON, June Is, 1886