Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1846-06-25
73Un,rotst fntetiiNrnfr.
THE NATIONAL FINANCES.
NJ ESSAGE FROM TIE PRESIDENT OfU
NIAIES.

The following Is authentic copy Of The Message
winch mas transmitted by ihr President ot Ihe UniI'd
States 10 the Senate un TUESDAY,
WAsntNGroN. June Is, 1876
10 HE Senate Of he United STATES
In ansn,r resolution OF tho Senate Of the I'd IN.
s'aut cnmunnlca herw nh rstimatec prepared nv the
Nafand Nay, Department ot the probable cSpenses ul
conducting the existing war with Mexico during the
remainder ot The present and he whnlc ut III. next
fiscal year. communicate alsn report 81 The Secfc~
ary ri the Treasury, basrd upon these estimates. con
ntnlng recommendation ui mcasufrn To- taiere the hN
onal means required Il Is probable that the annual
expenses Incurred during the period specified may fall
considerably hrlnw the estimates suhnlutd, which are
or larger number of Hoops than have YET been called
10 rhr field. Asa precautionary measure. however, n
gans may prsslhe deficiency, Ihe estimates have been
made Mt the largest amount which any state 81 The SER
wee may rtqd1r,
Il vii, be perceived from the Report OF tho Secretary
III the Treasury thai considerable portion OF the add
dlllonal amount required may be raised 10y modf'n
ton oi the fo.s vi duty imposed by the existing iann
laws. The high duties nj present levied many
lles totally exclude them l1em 'mpnfiali"n. whilst The
quantity and nmut n ul nlhefs which Imported are
eUally diminished. by reducing these dltca 10 fr-
venue standard II Is not doubted thai larger amount
OF the ntthrs which they are imposed Would be m-
ported, anl corresponding amouni ol esenne be recev
ed AT the Treasury irom this sout,e, Ny mposng
venue duties on many mt cles nov permlltd 10 be IN
ported Tree OF lury, and ny regulating the within
the standard upon others, u large additional re-
venue will te collected independently Of the hlph
considerations whlrb induced IN. IN my annual mes~
sage 10 recommend modification aud reducing vi the
rates oi duty mpused b, tie act Of 1872 IA beIng
uny proper frrrrnce to the continuance OF peace. bat
,oal loo the great interests. OF Tho country the M I
eessy u such modification aud reduction war
must nov be manifest. Tho country requires nd
dulona revenue ot the prosecution Of the wnr. II may
be ubmlned 10 great extent by reducing the pGlhbI-
and highly protective duties imposed by the
u
the nee s and by modify ne the ralrs Of duen
other articles
The notifications recommended by II Secretary OF
the Treasury IN his annual report IN December last
adapted 10 state III peace, aud the add,tlanal du
ties suggested by him with view stnnily To
raise revenue rs War measure. At The conclusion ol
the these dntles may aud should be abolished aud
reduced In l1wtr rates.
II Is mol appfeh,udrd HAT the existing with Mex
leo " III ma crlay affect uade aud commerce with
the ,st ol Tue world Ga the contrary the reductions
proposed would increase HAT trade and augment the
venue derived lrHn it,
Nacu the country Is IN state oil war. no contingen-
cy should be permitted 10 occur III whch there would
be deficiency IN III" Treasury iu the vigorous prose-
euon Of the war, and, 10 guard against such event
II Is recommended ihat contingent authority be given 10
issue Treasury uuls 10 contract loan ur limited
amount rclmbnfmhlr AT an early day. Should occa
sion arse Ia exercise the power. snl IL may be in por
tan that the authority should exist, should there
Necessity lur H.
II deemed necessary resort Ia direct
eNcIsrs, the measures recommended being deemed pre-
rrable weans ol increasing the revenue. II Is ho
p.d that the war with Mexico, II vigorously prosecuted
ronlcmp at,d may be 81 short duraliun. shall be
al all tines ready include honorable pcare when
the Mexican Government shall manifest like dis
position. The EXISTING waf has been rendered noces-
aary hy the aels OF Mexico. and when ever lha Power
shail be really la do rs justice, shall be prepared 10
sheath the sword aud lcuder 10 her The olive branch ol
ptaCr.