The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1847-12-23

EsEFa hrn1Tsa ans uigssg-a1Rs eeAs's sEs
siXly-l-e seals: 81 epass 90 as Tie 3D.
sliil0R a.s3e - q 9 Petlss aEel sEts thsl
lia.e 10 Ixslly-ssssn a.il'isns eight anh-
drrd an5 ss.e cay IAsssahd eigai hunsrsd
and 6ily-uiss eollsls Ard ssstns-s'sei
CtEts. ~
Oi he lean Of lAeHig-ihFss uiliiHnss
s1lh0slEse By he ssl II he awsHty-eiehlh
Of IsnusIy. 1871. lie ssn 81 Csc nlllaebs
ws. Ped esl 10 he publie eIsd'lsr'. or
rIshsrged d FaE To- sPssls; he Isms'h-
ing ell llGen . lllcns y sssiisast ioi sPseie
20 he liElssl bidder not leiow Pa. ~ an
advertisement issued BY ihs SsrrsisFy Of
lhe TEensury. and Publishsd ircm she
inanlh II February nulal The asRih ol April.
1851. phsn il was swaitrd - The ssEeEsi
.highsai bidders. atpHe0luasss Esme tom
Of 0as per rent. 20 100 per
rsnI. sboEs per. The PreDinm hss tesn
pad inl0 lie iEsssary. and he sums
ar srdsd deposited ia specie in The uea-
.uTy % iasI - Il Vas EequiIed BY The
- snis Of The Government.
TO meet he expenditures Tor The re-
msindsr u the pfessns aud Tor he next
fiscal ss,. ending On the shE,islh Of JUns.
1919. slurlhsI loan. in aid VI the Ordinary
revenues Of The GogsfnmenI. oil be ne
cs,ssry. Retaining q sufficient surplus
IN the treasury, The loan required ior tie
rsmsinder u the present fiscal year will
BE about sighiesn million hss huLdrsJ
thousand dollaEs. II The duly 90 tea snd
coffee be imposed. and tie graiualion al
the price Of lhs public lands shall be
made 81 On early period Of your session.
90 recommended. Tie loan Tor the present
FISCAL year msy he reduced 10 seventeen
millions Of dollaT. The losn may be
further reduced by shaIeser amount oil
expenditures can be sssrJ BY aIlIla'y
contributions collected in MeIieO. The
most vigorous messures ios the aUgmeh.
Iancn OF these eonIIbuiiohs hsse beeu
dnsried. and . very considerable sum is
expected from lhst source. Ito smOUbl
esunoi. however, be caleUls,ed with any
certainty. IL 10 recommended that The
loan 10 be made be suthnnzsd upon ne
same terms, and Tor The same tine. o., thai
which wss authorized under The pro.
VISIONS Of The ,cI Of tie 2sih OF January
1877.
Should The war With Mexico be con.
Ilnu.d until Tie Sob Of June, ls49. il i.
ESTIMATED that . iur1her loan of twenty
million ise hundred thousand dollars will
be required for The fiscal year ending on
that day. IN case no duly be imposed an
tea and coffee. and The pubic lands be
nol reduced and graduated 10 price, sbd
no military contributions shsll be collect
ed in Mexico. II The iuiy on lea and
coffee be imposed. and The land, be "a
ducej and grsdusIed IN price, as proposed.
The loan may be reduced TO seventeen
millions OF dollars. and will be subject to
be snil further reduced by lie amount oi
tie military eCnuibutions Which may be
collected 10 Mexico. II j, TO, proposed.
however. al present. 10 ask Congress for
.sUIhouty 10 negotiate this loan for lie ne /,
fiscal year, as II 10 hoped Iha, The loan
asked for The remainder OF The present
fiscal year, aided by military contributions
which may be collected in Mexico, may
be Sufficient. II, contrary TO my expects.
ton, there should be . necessity for il,
The iscI will be Communicated TO Congress
IN TINE foT their action during the present
session. 10 no event will sum exceed.
ing ak millions OF dollars OF shls smouni
be needed before The meeting OF The sss-
sloU Of Congress IN December. 1913.
The act OF the 3Oth Of July, 1916. ere
dvcIng the duties on lmpori,," has been
IN force since The first oi December last.
aud | am gtstlfied TO state thai ell ,he be.
NJ tic'sl effects which were snucipsled
from its opersiion have been fully realized.
The public revenue derived hom Gus
'ons during the year ending on the frs,
"f December. ls47, exceeds BY more
than sIah, millions Of dollars The amount
received IN The preceding year under the
operation Of the act OF 1912, shlch was
superseded and repeslsd by il. Ito effects
ere visible in the great and slmosl unex.
ampled prosperity which prevails 10 every
branch Of business.
While thereresl OF the prohibi,ory and
restrictive duties of the set OF ls42, aud
The sub'ntu,ion 10 their place ofrssonsbIs
revenue rates levied on srhcles imported
sccotding TO their sexual salue, bas in.
creased the revenue and augmented our
foreign trade, all The great Interests OF the
country have been advanced sud promo.
ted.
The grea, and importsnt Interests Of
agriculture, which had been not only too
much neglected, but actually taxed under
The protective policy Tor The bere6t OF
other iD'ere,is. have been relieved Of the
burdens which that policy imposed on
them; and our farmers and planters. un.
der . more just snd liberal commercial
policy. are finding new and profitable
markets abroad for their augmented pro.
ducts.
Our Commerce 10 rapidly increasing.
and - extending mbFe IJely the i,cle