Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1846-12-24

I ~ nj do.
Every means within cur power sh, MD, hc r. 49,,
). "s.,aoie lot me protection vi cur commerce
l. ne annual report ofthc Secretary of The Proc
Wy VIII EXHIBIT detailed statement If tho ,nn,,;
ending on the 30th Of june hast wcro ~ ,' ysai
OF one hundred and twenty enc nll;on 81 Muc
ana ninety-one thousand sew, n hup.l,cd 49,, :.
seven doliafo Of which the :,mo,nt x,.'',', e'y
cieven million three hundred and forty six m.
SIN hundred and twenty three dollars Lavn'r ~
retained IN the country for domestic 6, n,
sumption one hundred and ten million thro,. ~
areu ana forty five thousand one hundred ,nd w
ve"'y-iour dollars The value al the expor,s 6
,nc same period Was one hundred aud thirteen mil
non Iour hundred and eighty -eigh, thousand f;xo
". ana sixteen dollars; of which one hundred
eight hundred and ninety three dnll.,s no,,a.,. u
domestic productions, and eleven million three hmm
uieo anu forty SIX thousand six hundred and t,vcn
'hr rec dollars Of foreign articles ''''''
"e receipts INTO the Treasury for the s,,no vc,r
~, t"en'y nine million four hundred and ninety
'I 'o'Sa'u TWO hundred and forty-seycn dollars
ana SIN cents or which there ,,.S io,;,, uo c
customs twenty six million seven bundra,, III
,weiVe Thousand SIX hundred aud sixtv s.vor II ;
iars and eighty seven cents. from sales ~ ;,IS;.
lsnus TWO million SIX hundred and nnety-f,ur ,hos
SAND tour hundred and fifty two dollars AMI c..
eight cents, and from incidental and n,;sc., .oy
sources ninety-two thousand one hundred and t,,.,
SIN uoliars and seventyon cents The expendi ;
lures ior the same period were .wenty-eipht r;llio,
,,'yone thousand one hundred and fourteen dollars
anu twenty een's and the balance in the Treasury,
on The hrst day OF July last was nine m;ll,u ~
hundred and twenty siN thousand f;mr hmnJr., o"I
thirty nine dollars and eight cents
L ne amount ot tho public debt, including ,rre,
sury notes. ON the first of the present m,S,h va.
wei lour million two hundred and fifiy-six ,hou
oa,,. ~ hunuicd ami ninety four dollars and sixty
SeS OF which the Of seventeen million scy,.,,s
hundred and eigty eight thousand seven bunl,,.i
u ,'"c'y nine dollars and sNiy-two CENTS was ont
s'anuing ON the fourth of March. IS4j lc,v;n, ,,,
a incurred since that time six milan tcnr
w;ya,; "nH shy seven thousand six hundred and
ninety four dollars and ninety eight ccn,s ''''
In order 10 prosecute the war win N,;s
.'gor ana energy, as the best means OF brino;nn !,
10 speedy and honorable termination :, T'r,i =.
ipan VIII DC necessary to meet the cApendi,, far
.,'o present and the next fiscal years IL the war
should be continued until The :,Uih Of .Mne ISdS'
being the end of the next fiscal year !, i; ii,
'ed That an additional loan of twenty ,brcc ,n;Ii;,
VI ooiiars VIII be required. This estimate is moJn
upon 'hc assumption that it will he necessary f., r,
,sn constantly IN the Treasury four millions Of dbl
,i' W suaro against contingencies. Ii such sur
Pus were not required to be retained tbrn lo,h 4,
nineteen millions OF dollars would be sufficient If
however Congress SHOULD, hi the prcscn, session
IMPOSE revenue duty ON the principal articles nov
embraced IN the free list, is estimated thai Am nj,
u,s'a annual revenue of about two millions and ,
a. nI'
June, 1919, To four millions of doIl,rs will VI
uetved from that soiitce; and the loan rco,i,,.I
mo"u DE reduced by that amount IL is ,stin,pt.J
Also that should Cogtcss graduate and reduce ,ho
price vi such OF The public lands as have Lccn ,nm
In the market, the additional revenue derived -;
that source would be annually. fur several 80, '.i
come, between half million and a million of az
lsrs and the lean Required maj be reduced l,, ,h,
amount also. Should these measures he adontcd
,n 'on required would not probably exceed eieh
s ny" VI ihhe'ech millions OF Misunderstanding in Tho
reas'iry constant SUR us of 4. COO 0NO ,f d,,Is
he loan proposed, it is estimated. viii bo s,'ai
cieht 10 cover the necessary expenditures. h,b far
the war and for all other purposes IN TO The :;0h
Oh omne' le4S and an amount of this lean. not ~
.eeoinS one haii' may be required during the pre-
sent flscai year. and the greater part of the Icn,r
der during the first half If the fiscal year s,n""
ing. '' '"eec'u-
III order that timely notice nav he given. and
proper measures taken to effect the loan or such mr.
no" Vi ~ as may be required, il, is important; that
the authority Of Congress TO make i, tie oiven =, am
carey period of your present session u, T. snrros,
Ell mat The loan should bs contracted for per;ed ~
'"eh'y years, with authority to purchase the stock
nnu pay 1t of, at an earlier period, a, its marker
Faiue; out OF any surplus which may at any lime
~" II, 'ne ireas'ry applicable 10 ta, purpose Ar
ter the establishment OF peace with Mexico !, ;s
supposed that considerable SUR lIs will exist and
mat the aeht may be tN,uguished in much sb,.,,
er period than that for which it may be c,p,rsrrd
ne period oil twenty years, rs thai Fur Which ,b,.
proposed loan may be contracted in preference 70 q
siiorier PERIOD Is suggested. because all cyrerioucc
nom at nome and abroad Las shown that ans are
effected npon much better terms upon ICn9 timc.
man when thc5 ART feimbIfshbIe at shor, ,!atts
necessary us this measure is, To sustain The hen
OF and the Interests Of the country. cnoaara Il
oreign war; 1t is not doubted Lnt tb,t fonorcss
will promptly authorize it,
he balances IN the Treasury on the frs. IF July
asst exceeded nino millions of dollars notwitbs,anj
ng considerable expenditures had heed made for tho
war during the months of Mag an,i June preceding
5ui tof the var, the whole public debt could ard
would have been cxtinguishcd within short pcri-
I'd and II was part ofmS Settled policy to do so.
una mus relieve the people from its burden. and
place the Government in a position which wonla
enable il to reduce the public expenditures to that
economical aandafd which is most Consistent with
Inc g, neral welfare, and the pure and wholesome
progress of our institutions
Among our just causes Of complaint against Mc.
arising out of her refusal 10 treat Cor peacc nc vii
before as since the war unjusit commenced an
part, are the extraordinary expenditures in which v
rave been involved Justice TO our own ,eon,o
VIII make 1t proper that MEXICO should be held re-.
'ponsible for these expenditures.
Economy in the public expenditprcs 10 n al fin,
! high duty which all public functionaries of The
Government To the people. This ,,tv ho
'omes the more imperative in period of ,y,r ,yh,.
arge and extraordinary expenditures become una
'odaDe During the existence OF the war will
Mexico all our resources should be llus,anJcd, anna
10 appropriations made except such as are alzlute
necessary Tor lis vigorous prosecution and The duo
administration Of the Government Objects of an
Dropriatlon, Which IN peace may be doomed Ascint
u proper, oat WHICH are not Indispensable for ,lc
public service, may, when the country is epo,rod
no rrH pr-f, r.