The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-08


len four and nusty eight thousan three hun
Incidental and miscellansous sources, one hundred
thousand nvs hundred and seventy dollars and hfy-oAs
rscsived months under the operation
the tariff sot Of lsaa and months during which
months under the of s42 amount received ren
customs was million eight hundred and forty-two
d during IL. .1sa .1G s.
sa6 the amount received fifteen million nina hun
ired and thousand Eve hundred and Dol
The net revenue from customs during thsyear end
ng the first Of December lsl6, being the last ysar
.wo million nine hundred and seventy one thousand
our hundred and three dollars and ten esnts and the
the Of December, lsa being ths nrst ysss under
he operation oftns tsrn act Of ls<6 Wa about thirty
%SD l ,.a -.
Of ls4o, Of than eight million I'VE hundred enoe-
sand dollars over that OF the last year under the
lsa2
The expenditures during the fiscal year ending ON the
thrtisth Of June last hfty-nins million four han
dred and nfty.one thousand hundred sud sevenH-
dollars and sixty-nvs cents; Of which three mn
lion fve hundred and twenty-five thousand and eighty.
payment Of principal and interest Of the public debt
Including treasury nots redeemed and not funded The
nifty five million nine hundred and twenty mine thou
sand and ninety five dollars and twenty-eisht cents
the sesi year ending on the pthirtisth Of june s1s
including the balance in the treasury ON the nrst July
last, will amount to forty million eight hundred ana
eighty six thousand Ave hundred and forty dollars
and eighty cents Of which thirty million, ssi-
mated, win be derived fron customs three million I'VE
four hundred thousand incidental inelu
ding sales made by the Solicitor OF the Treasury; and
hundred and ninety four dollars and nifty ave cents
from loans already authorized by law which, tossthsr
with the balance In tbs treasury on the hrst OF July last
mako the sum estimated o..
The expenditures for the same PERIOD II peace with
Mexico shall be concluded, and the army shall bs
iuc N 4 uo-
payments account Of principal and interest
OF the public debt and treasury notes to eight
lion six hundred and fifteen thousand six hundred and
sixty dollars and seven cents. lr
On the lst of the present month the amount Of the
public debt actually incurred including treasury notes,
orty-hve million six hundred and fttynine thou
sand six hundred and nifty nine dollars forty cents The
treasury notes. seventeen million hundred and
eighty eight thousand hundred and ninety mine
don made to shs puSs debt since that time twenty
seven million eight hundred md seventy thoussnd eight
"a. % ana
the act Of the 2Sth Of January 1896 the Of i've
million paid out to the public creditors, exchanged
at PR for specie the remaining eighteen million was
offered spscs TO the highest bidder not below par BY
advertisements issusd by the Secretary Of the rsa
sury and published from the 9th Of February until the
10th Of April lsi7 when awarded to the several
highest bidders, ut varying from eighth OF
has been paid into the ana the sums awarded
deposited in specie In the treasury fast II
quired by the wants Of the Government.
To meet the expenditures for the remainder Of the
present and for the next fiscal year, ending on tina
hreth Of June s4s further loan In aid Of the otdi
nary revenues Of the government, viii be necessary.
required for the remainder Of the present fiscal
will be about eighteen million ave hundred Thousand
dollars II the DUTY on tea and coffee be imposed and
the graduation Of the price Of the pablo lands shall br
made It an early period Of your session, ~ room
msned the loan the present Ascal year may be re-
ducsd to seventeen millions Of dollars The loan may
be saved by military contributions collected In
Mexico. The mort vigorous measures for the sugmsn
tAtion Of these contributions have been directed and
very bs sum expected from that source ts
amount cannot, however, be calculated with any
taaty 1t recommended that the loan to be made be
authorised upon the same terms and for the tms
that which authorized uoder the provisions OF
the act Of the twenty eighth Of January, is47.
thriisth of Juns Isas, It Is estimated that further
loan Of twenty million 1--WE hundred thousand dollars
will be required for the nsoal year ending ON that day
In no duty be Imposed ten aud coffee, and tn.
public lands be not reduced and graduated In price and
no military contributions shall be colsotsa Ia Mexico
n the duty and coffee be imposed and the lands
be reduced and graduated In price. proposed the lean
may be reduced to ssvsntssn millions Of dollars and
will be subject to be st further reduced BY the amount
OF the military contributions which may b collected In
Mexico 1t Is not proposed, however at pressn to ask
next ss. year as 1t Is hoped that the loan asksd for
the remainder of the present i.cL year. aided By mill
tary contributions which may be collected In Mexico,
may be- sufficient H. contrary my expectation thsrs
should be necessity for It, the fact will b. oomuun
present session. In event will exceeding six
million Of dollars Of this amount be needed before the
meeting OF the session OF Congress In Decsmbsr le<o
The act Of the thireth Of july 1876, reducing tho
duties imports has been In orcs since ths nrs
December last and gratiaed to state that ell the
ton have been fully realized The public revenue DE-
rived from customs during the year ending the nrst
Of December, ls47 exceeds by more than eight millions
Of dollars the amount received In the preceding year
under the operation Of the act Of s42 which super
great and almost unsxamped prosperity which prevails
In every branch OF business. .I.
While the repeal OF the prohibitory and du
NJ han fnffn thotS
Of reasonable rates levied articles imported
according to their actual value has increased the
and augmented foreign trade, all the great in
terests of the country have been advanced and pro-
NOTED
The great and important interests OF Agriculture,
which had been not only too much neglected but actu
ally taxed under the protective policy for the benefit OF
other interests have been relieved Of the burdens which
that policy imposed on them and farmers and
planters under just aud liberal commercial peli
cy, are finding and profitable markets abroad for
Onr commerce. Is rapidly Increasing and 10 extending
more widely the circle Of exchanges Great
year our exports Of domestic products sold 10 foreign
markets have bern still greater. ,..t. -. $50. :,
Our NAVIGATING interest sIain.n.y prosperous The
number Of vessels built In the United States has been
Large profits have been derived Sy those who have con-
should the rsio Of increase in the number OF
chant vessels be progressive and be great for the fu
when our tounnge and marine win be larger
than that Of any other nston in the world. .I-
Whilst tho interests OF agriculture OF commerce. snd
OF navigation have been enlarged and invgorstsd, 1t
highly gratifying to observe that Manufactures
also In prosperous conditisn None OF the runous r.
f-cs upon this interest which apprehended by
some the result Of the operation Of tbs revenue ays
tenn esta bshsd by the act Of 1916, have been eype
enced On the contrary the nurbsr OF manuEaoto
and the smornt OF capital invested In them IL ste
and rapidly increasing afFordipg gratifying proof
American enterprises and skil employed In ths
Of domestic industry, with no other advantage,
those fairly and incidentally accruipg from aust
OF revenue duties are abundahty able TO meet
fully all competition from, abroad, and still d.
and remunerstipg profits
While capital invested In manufactures h
adequate and fair prohts under the new syl
wages Of labor, whether employed In mauufsctui
culture, commerce. or navigation, have been augl
The toling millions, whose daily labor furnish,
supply oil food and raiment, and all tho nec. ssari..
comforts Of life, receiving higher wages aud a
steady and per mAnsnt employ ment than In any 9th
country or at any previous period Of history