The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1846-12-24

pretended from the InhaDitants 20 tho lem
porary governments which have thus, liom
The necessity ofthe case. and according to-
The laws Of war, been established Il may
be proper 10 provide for the security ofihese
important conquesis BY making an adequate
jor the purpose ofercctmg for
,i6calions and deftaying the cxpcuses neces-
sarily incidentto the maintenance Of our
possession oad authority Of over them.
IThe President renews the request tdf al
grant Of 50 1000, 900 for the purpose Ofnexo.
tiarien and recommends a law 10 puzish as
pintos those Spaniards who shall use the
Mexican flag TO make depredatone on
American commerees
The annual report ofthe Secretary Of the
Treasury Will exhibit detailed account of
the con<ilion Of the finances The imports
for .ne fiscal year ending on The S0th Of
June last, were ofthe value Of $l2l $685.
797; of which the amount exported was
$ll ,346 ,623; leaving the amount retained
in the country for domestic consumption
|@llO,345,l74. The valne Of the exports
Tho same period was $il3,4SS,5l6; Of
which $lO2, ,l4l 1893 consisted Of domestic
productions, and $ll 6,623 Of foreign ar
| ticles.
The receipts into the treasury for the same
year were $29, ,490,247 06; Of which there
was derived from customs $26, 1867 81;
from sales Of public lands $2;694, ,452 4S;
and from incidental and miscellaneous sour
cess $92, 1851. The expenditures for the
same period were $2S,0Sl, ia 20, and the
balance in the treasury ou the lst day ofJu-
" last was $9,l26,439 0S.
The amour, Of the public debt, including
treasury notes ON the 1st of the present
mouth was $24, ,256, ,494 so; Of which the
SUN Of SIT ,766, ,799 SO was outstanding on
the 4th Of March, lS45, leaving the amount
incurred in that time $s,467,694 9s.
| IA further loan is deemed necessary, and
il the war should be continued until the Both
June, ls4s, being the end ofthe next fiscal
year, S23, 100000 will be requiied.]
The balance in the treasury on the first Of
July last exceeded nine millions Of dollars
Notwithstanding considerable expenditures
| had been made for the war during the months
OF May and juno preceding. But for the
war, the whole public debt could and would
have been extingushed within short period;
and it was part Of my settled policy 10 do
so, and thus relieve the people from IFS bur-
den, and place the government in a position
which would enable it to reduce the public
Expenditures TO that economical standard
\ which il most consistent with the general
welfare, and the pure and wholesome pro-
Qress of our institutions.
i The act of lS42, by the excessive rates OF
duty which it imposed on many articles, &-
ther totally excluded them from importation,
or greatly reduced the amount imported, and
thus diminished instead Of producing revenue.
BY 1.-The taxes were imposed not for the le-
climate purpose Of raising revenue, but to
afford advantages to favored classes, at the
expense Of large majority Of tseir fellow
citizens. Those employed in agriculture,
mechanical pursuits, commerce and naviga-
tion, were compelled to contribute from their
substance TO swell the profits aud overgrow-
4 ling wealth Of the comparatively few who had
Invested their capital in manufactures. The
taxes were not levied in proportion 10 the
value Of the articles upon which they wore
Imposed, but, widely departing from this just
rule, ths lighter taxes were, in many cases,
levied upon articles Of luxury End high price
consumed by the great mass ofthe people
| Il WIS system the inevitable effect Of which
wss 10 relieve favored classes and the veal
thy few from contributing their just propor-
ton for tha support Of government, and TO
Law the burden on the labor Of the many en-
gagged in other pursuits than mapufactures.
A system 50 unequal snd vnjust has been
superseded BY the existing Law, which inn
poses duties not for the benefit q injury q
classes Of pursuits, but distributes, and as far
as practicable, equalizes the public butdeas
among all classes and occupations The fa-
vored classes, who, under the unequal and
unjust system which has been repealed, have
heretofore rsaiized large profits, many Of
them smassed large fortunes, at the expense
OF the many who have been made tributary
toihem, will have no reason TO complain il
they shall be required to boar theirjust pro-
portion ofthe taxes aasary for the support
| Of the government. Iar fromit, It will
be perceived, by an examination o. the OK
sing law, that discrimination in the rates OF
lduty imposed, within the revenue principle,
lhaye been retained in their favor. The in
cdental aid against foreign competition
which they will enjoy gives them an advan-
tage which no other pursuits possesses but Of
this none others willcompan, because the
4 dutes levied are necessary for revenuc.-
IlThsse revenvc duties, including freights
and charges, which the importer must pay
lbefore he can come in competition with ~the
home manufacturer in our markets, amount,