Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1846-12-29

PrIzes should be made of American yes.
sells. the utmost vigilance will be exertea
by our b!ockading squadron to prevent
the csptors from taking them into Mexi-
can ports. and IL is not sppr,.hended any
nation wilRviolate its neutrality by suffer.
ing such prizes to be condemned and sold
within its jurisdiction, G as sa
ii recommend that Congress should i'm
'nediately provide by law for granting let.
ters oi'marqne andareprisal against vessels
under the Mexican flag. 1t is true that
there are hut few, if any, commercial YES
sells of Mexico upon the high seas; and il
istherefore not probable that many Amer
lean priyateers would he iittcd Out, in
case a law should pass anhorising this
mode of warfare. Ii is, notwithstanding
certain that such privaieers may renter
good service To the commercial interests
IF the country By re.cap.uring our mer-
chant ships, should any lie taken by armed
vessels under The Mexican flag. as well as
by capturing these vessels themselves
Every means within our power should be
rendered available for the protection of
our cuInmerce. ~ r as
The annual report of the Secretary oil
the Treasury will EXHIBIT detailed state
ment ofthe condition of the finances. The
imports for the fiscal year ending on the
Both last were of the value Of one hundred
and twenty one mill ion six hundred and
ninety one thousand seven hundred and
ninty seven dollars; ofwhich the amount
exported was eleven million three hundred
and forty six thousand six hundre and
twenty three dollars, leaving the amount
retained in the county far dome site con
sumption one hundred aud ten millions
three hundred and forty five thousand enc
hundred and seventy four dollars. The
value of the exports for the same period
was one hundred and thirteen million four
hundred aud eighty eight thousand five
hundred aad sixteen dollars; of which one
hundred and two millinn one hundred and
forty one thousand eight huadred and
ninety three dollars, consisting of domes-
tic production. aud eleven million three
hundred and forty six thousand six hun
sdred and twenty three dollars of foreign
articles. .s..,e
The receipts into the treasury for the
same year were S29, 400. 247 06; ofwhich
there was derived from customs $26 7l2,-
667, 81; from sales OF public lands S 695
452 ,46; and from incidental and misceila-
neous sources $92I2G,7I.
The expenditures for the same period
were $25,O'l,1l4 %, and the balance in
the treasury on the first day of July last
was S9,I26 439 0S.
The amount of the public debt, inclu
ding treasury notes, on thc first of the pres
ent month was $24.001, 2946.j; of which
III, SUN ofSl7,798 100 81 was outstand-
ing on the fourth OF, March, ls45, leaving
the amount incurred since that time S..
467, i94 80.
in, oder to prosecute the war with Mex.
leo with vigor and energy, as the hest
means Infringing it To II speedy and hon.
oraljie termination, a further loan will be
necessaryto meet the expenditures for the
present and the next fiscal years.
If the war should he continued until
the thirtieth fJune, 1S48--being the end
ofthe next fiscal year--it is estimated thai
an aditional loan of $23.000. 001 will be
req ;ired. This estimate is made upon
the assumption that it will be necessary
TO retain constantly in the treasury four
millions of dollars To guard against con.
ilngencies. If such surplus were not re-
qnired to be retained, then loan of S 49,.
% ,0n0 would be sufficient.
Ii, however, Congress, at the present
session, impose revenue duty on the
principal articles now embraced in the
free list, is is estimated that an additional
annual revenue of about two millions and
half, amounting, il is estimated. on the
thirteenth of June, 1913, to four millions
of dollars. would be. derived from that
source; and the loan required woud be
reduced by that amount. II is estimated,
that should Congress graduate. & reduce
The price OF, such of Tie pubic lands as
have been long IN the market, the addi-
tional revenue derived from that source,
would be annually, for several years TO
come, between half a million and mil
lion of dollars; and the loan required may
be reduced by that amount a!sp. Shold
these measures he adopted, the, loan re.
CURED. would not probably exceed -eigh
iren millions. of dollars, leaving in the
Treasury a constant surplus of four mil
lions ofdollars. The loan proposed, it is
estimated, will be, sufficient to coyer the
necessary ex penditures. both for The war,
and for all other purposes, up To The .thirr
tielh of June 1913. aud an amount of this
loan not exceeding one half. may he
required during the fiscal year. and the
greater par, of the remainder. during the
| iirst half Of the. fiscal year succeeding, 80
| In order that timely notice may be
given, and proper measures taken TO effect
| The loan, or such portion Of i as may be
required, il Is important thai the authority
bf Congress to make it he given al an
early period e your ~, Pgssen, session, 4