Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1847-12-18

Secretary Of the treasury, and published from
the 9th of February 10 the 10th OF April, l847 |
when il was awarded to the several highest
bidders at premiums varying Of one per cent
to two per cent. above par The premium has
been paid into the treasury, and the sums
| awarded deposited in specie in the treasury as
fas, as it was needed by the wants Of the gov
ernment. .-...
To meet the expenditures for the remain
der Of the present and for the next fiscal year,
ending on 30,h June, i849 a further loan, in
| aid Of The ordinary revenue, will be necessary
Retaining a sufficient surplus in the treasury, |
the loan required for The remainder Of the
present fiscal year will be about $l8,50O, 900
II the duty on tea and coffee be imposed, and
The graduation Of the public lands shall be
made at a future period Of your session, the
| loans recommended for the fiscal year may be
reduced to SIT 100000 The loans may be
| further reduced by whatever amount OF expen.
ditures that can be saved by military contribu-
tions collected in Mexico. The most vigorous
measures for the augmentation Of these contrl-
buttons have been directed, and very consld-
cradle sum is expected from that source. Its
amount can not, however, be calculated with
any certainly. 1t is recommended, that the
loans TO be made be authorized upon the same
terms, and for tho same time, which we're au-
thorized under the provisions Of the act OF The
28,h January, 1G47.
Should the war with Mexico be continued till
the 30th June, 1849. i, is estimated, that a fur.
Their loan of 2O,5oO,ooO will be required for
the fiscal year ending on that day, in case no
duty be imposed on tea and coffee, and the pub
lie lands be not reduced and graduated in price,
and no military contributions shall be collected
in Mexico. II the duty on tea and coffee be
imposed, and the lands be reduced and gradual
, ted in price, as proposed, the loan may be re-
duced to SIT 100000, and will be subject to be
s still further reduced, by the amount OF military
q contributions, which may be collected in Next.
co. L, is not proposed, however, TO ask Con-
!. gress for authority to negotiate this loan for
0 next fiscal year, as it is hoped, that the loan
= asked for the demands of the present fiscal
year, aided by military contributions which
may be collected in Mexico, may be sufficient
: If contrary to my expectations, there should be
necessity for it, the fact will be communcat.
= ed TO Congress In time for their action during
: the present session. In no event, will q sum
!. exceeding $6,O00,000 of this amount! be needed
). before the meeting Of the session of Congress
l. of lS48 The act Of the 30,h July, 1916, re-
q ducing the duties on imports has been in force
Is since he Is, OF December last, and | am graft
e fed to state, that all the bene fetal effect:
a which were anticipated from its operation!
p have been fully realized. The public revenue
8 derived from customs during the year ending
;. LIST December, l847, exceeded by more thar
, $4,000 900, the amount received in the proceed
:, ing year, under the act Of 1912, and which wa
e su perceded by it; its effects visible in the
greater and smaller unsxampled prosperit!
, which prevails in almost every branch Of bust
IL ness.
e While the repeal of the prohibllory and re
n striciive duties Of the act Of 8l2, and the sub
e s,tu,ion in their place Of reasonable revenu
3 rates, levied on articles imported according t.
e their actual value, has increased the revenue
il and augmented our foreign trade, all the grea
# interests which had been not only too muci
h egected, but actually taxed by the protective
:. policy, for the benefit Of other interests, hav
been relieved Of the burden which that polio.
- imposed; ann both farmers and planters, unde
II the more just and liberal policy, are finding
J. new and profitable markets abroad for thei
augmented products. Our commerce is rapid
70 ly increased, and is extending more widely tn
n circle of international exchanges. Great as
l. has been the increase Of our imports of the pas
n year, our exports Of domestic products sold a
'e foreign markets, has been still greater.
> Our navigation interests are emneully pros
J. perous-the number of vessels built in the U
IS States is greater than during any period Q
I. equal length. Large profits have bean deriv
D. ed by those who have constructed as well as b.
those who have navi gated them. Should tn
% rate OF increase in the number Of our merchan
70 vessels be progressive, and be as great for tn
d future as during the pas! year, the time is no
i distant when our tonnage and commercial ma
: rine will be larger than that OF any other ma
II ton in the world. Whilst the interests Of az
lie riculture, Of commerce and navigation hav
g been enlarged, it is highly gratifying to OBJ
u. serve that our manufactures are also in pros
OIL porous condition.
m None Of the rulnous effects upon these inter
Z es,s which were apprehended by some as tn
8 result of the operation of the revenue system
established, but the contrary-the number {
ar manufactures and the amount Of capital invest
lg ed in them, is rapidly increasing, affordin
:, gratifying proof that American enterprise an
$, skill employed in This branch o. domestic in
I, duslry, with no other advantage than those fail
lie y and incidentally accruing from just syster
8 Of revenue on duties, are abundantlyable to NEE
~ successfully all competition from abroad, an
!, still derive fair and remunerating profits.
Re While capital invested in manufactures
yielding adequate and fair profits under tn
d. new system, the wages of labor whether en-
n ployed in manufactures, agriculture or navlg'
of ,ion.. have been augmented.
ic The toiling millions whose daily labor fur
I'd nishes the supplies OF food and raimeLt for a
of he necessares and comforts Of life, are receiv
3. ing wages and more steady and permanent en-
ne poyment than in any other country or in an
%, previous period Of our own history.