The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1846-12-24

d0llsFS. lesFing he amount Tetsinrd ~ he
eounfry fF domestic consumption one
ksn9rel and Ten million three hundred
and Earsy.kFs thansznd one hundred and
ssyrnfy-fouf cgiisrs. The sslns of The
eEp0rfs for The same penOd was one hum
dIed anI lhineea million four HUNDRED and
eighly-eigal thousand kFe handrrd and
siKleen dollsEsE of which one hundred
and iwo million one hundred and forty
0as tlousand eight hundrsd and ninety.
shFee dOsssEs consisted Of domestic pro-
ducii0ns. and eleven million lkEee hundred
and fOriy-six thousand six hundred and
swenty-lhree dollars nf foreign articles.
The receipts into Tie IFeasuEy for the
same wear were IWsnly-nins million fur
hundred and nineiy-niRe thousand Two
hundred and faTly-seyen dollaEs and sil
cents Of winch there was derived from
customs lwenly-six million seven hun
dTed and twelve thousand SIX hundred and
sixiy-seEen dollars and eighly-seven cents.
from sales Of public lands two million six
hundred and nineIy-ise Ihousand four
hundred and 6fIy-ivo dollars and forty
eight cents. and from incidental and mis-
eelianeous sources nineiy-lwa ihOusand
one hundred and Iwenly.six dollars and
seyeniy.One cents. The expenditures for
the same period were lwenty-eighl mil
lion IhirIy-One thousand one hundred and
fourteen dollars aud twenty cents. and The
balance in the treasury on the first day Of
July last was nine million one hundred
and iwsnly-six thousand four hundred and
lhirly-nine dollars and eight cents.
The amount Of the public debt, incln-
ding treasury notes, on The first Of the
present month, was twenty. four million
two hundred and iifiy.six thousand four
hundred and ninety.lOur dollars and sky
cents; Of which the sum Of seventeen
milliou seven hundred and lightweight
thousand seven hundred and ninely.nine
dollars and sixty.twO cents was oulsland.
ing on the fourth Of March. 1915, leaving
the amount incurred since that time six
million four hundred and sixty-seven thou
sand six hundred and ninety -four dollars
and ninety.eight Gems.
In order 10 prosecute The war with Mex.
leo with yigor and energy. as the best
means Of bringing il 10 speedy aud ho-
noTsble termination, further lean will be
Necessary, 10 meet the expenditures for
the presen, aud next fiscal years. If The
war should be continued until the Thrift
eIh Of June. Is4S-being the end OF The
next fiscal yesr-it is estimated thai an
additional loan Of twenty three millions
Of dollars will be required. This esli-
mate is made upon the assumption that
il will be necessary 10 retain constantly in
lac treasury -four millions Of dollars, to
guard against contingencies. lf such sur !
plus were not required to be retained. then
! loan of nineteen u.;sI;ans Of dollars
would be sufficient. Il, however, Con. |
gress should, At the present session. i'm
pose revenue duty on the principal ar
.ieies now embraced in The free list, il is
estimated that an additional annual rere-
nue. OF abou. two millions and half, a.
it is estimated, on The ihir,ielh
Of June, lS4s. 10 four millions Of dollars,
would be derived from that source and
the loan required would be reduced by
slias amount. II 10 estimated. also. that
should Congress graduate and reduce
ihs price OF such Of the public lands as
have been long in the market. the addi-
Iional revenue derived from that source
would be annually. for several years to
come, between half million and a mil.
lion of dollars and the loan required
may be reduced BY that amount also.-l
Should ilIess measures be adopted, the
loan required would DO, probably exceed
eighteen or nineteen millions Of dollars
leaving in the treasury a constant sur
plus Of four millions Of dollars. The |
loan proposed. 1t is estimated. will be sui. |
ficient to cover the necessary expendi-
tues. both for the war and for all other
purposes, up TO The thirtIe,h Of June, |
1878; aud an amount Of this loan. not
exceeding one-half, may be required dur
Ing the present fiscal year, and the great
er part of the remainder during The frs,
half Of the fiscal year succeeding.
In order Iha, timely notice may be Civ
IN. and proper measures taken TO effect
he loan. or such portion Of j, as may be
il is important that the authori-
y Of Congress to make il be given at an
'arly period Of your present session. 1t
IS suggested tina, the loan should be con-
'racted for period Of twenty years. with
authority to purchase the stock and pay
I of. at an EARLIER period, at its market
'alue, out of any surplus which may a.
my lime be in the treasury applicable to
hat purpose. After the establishment Of
'esce with Mexico, il is supposed tina. {.
surplus will exist, and tina.
he debt may be exlinguished in a much
horier period than thai for which i, NAV
'e contracted. The period of twenty
ears. as that for which the proposed loan
nay be contracted. in preference to shor-
er period. is suggested, because all erpe.
fence. both at home and abroad, has
hown that loans are effected upon much
etler terms upon long lime. than hen
hev are REIN nysabIa af short dotas