Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-12-10
VOLUME XLlX.-NUMBER 64:a

i lCCpmlHCIu " SOCSlSsss 'udl du dppV-
pra,on be made 20 be paid 10 The Spanish gov
eminent for the purpose Of distribution among
the claimants in "tbe Amislad case" | entef-
tain the conviction that this is due Spain Hu.
der the treaty Of the twentieth OF October, 1895;
and. moreover, that from The earnest manner in
which the claim continues 10 be urged, so long
as il haltremainiunsellipd il will be a source
OF irritation add discord between theiwO coan - Is
tries, which may prove, highly prejudicial to The
interests OF The Uniied S,ates Good policy, no =.
less Than faithful compliance with cur treaty
obligations, requires that ihe'inconsiderable ap-
alien. demanded should be made -a' 10
A detailed statement Of The condition OF the H.
'nances wilt be presented in the annual report Of
The Secretary oi'the Treasury The imports for
the last q6scafyear ending on the thirlielh OF
June, I647, were OF the value Of one hundred and
forty-six million Eve. hundred and iorly five. .
thousand six hundred and thirty Eight dollaLs. of
which the amount exported was eight million
eleven lhou.and one hundred and fify-eisht dol
lars, leaving one hundred and ihirty-eight million
five huDdred and lbifly -four thousand four hun -
dred and eighty dollars in the country Tor domestic
use. The value Of the exports for the same Pc.
Rod was one hundred and filly.eisht million six
hundred and fory.eish, thousand six hundred and'v
twenty Two dollars; Of which oue hundred and fHy
million six hundred and. lhirty-seyen thousand g
four hundred and sixty.four dollars consisted of
domestic productions, and eight millions eleven
thousand one hundred aud hhy-eight dollars Of
foreign articles. "'H- =
The receipts into the treasury for the same pc. y,
riod amounted 10 lweniy-sx million three hum,
dred and foriy-siI thousand seven hundred and
ninety dollars and 'hiny-seven cents, OF which
there was derived lion customs tWeniy-three :
million seven hundred and turly-seyen thousand a
eight hundred and sixty -four dollars and sixty six
cents; from sales Of public lands Two million
four hundredand ninety. eightthousandl three hun
dred and thiriy-hve dollars and twenty cents; and m
from incidental and miscellaneous sources, one,
hundred thousand FIVE hundret and seventy dol,
lars and hfly-one cents Tic las, fiscal year du-
ring which this amount was received embraced q
five months under the operations of the Iatifi act
Of 1912, and seven months. during which The la &
riff ACT OF 1916 was in force. During. The five
months under he act of 1912 The amount receive
ed from CUSTOMS WAS seven million eight hun
.dred ands jDIiy-two. thoHsa nd three hundred nd
six dollars and nne.y cents and during the seven
months under the act Of lS46 The amount recclv-
ed was fifteen million nine hundred and five thou.
sand ave hundred and fry. seven dollars and Sc
veniy-six Gents. 60 --r' p =. = $50 SC
The Drlt revenue from customs during thc year
ending on the 1t oil December, 1916, being the
las, wear under the operation OF the Tariff act OF
1912 was twenty-five million nine hundred and g
seventy.ope thousand four hundred and three
dollars and len cents; and lhe nelt revenue, from
customs during the year ending on the Isl OF De-
cember, lS47, being lie first year under the ope-
ration of The tariff act OF 1886. was ahoul thirty
one million five huIGied Thousand dollars; Being
IN increase vi revenue for Inc first year upGer
the tariff act Of 1916, Of more than eight million
five hundred thousand dollars over thai oi the
las year under he ariff OF 1912.
The expenditures during The fisca year ending
on The lhnieh vi June last, were fifty nine
frrr krnI,, ~ M a. %
hundred and seventy seven dollars and siXly-fvc
cents OF which ihree million five hundred and
twenty two thousand ard eishlylwo dollars and
thiny-seven cents was or account OF Payment OF
principal and Interest OF the public debt, includ-
irg treasury notes redeemed AMI no, iun3ed.-
The expenditures exclusive Of payment u pub
lie debt, were fifty five million nine hundred and
twenty nine thousand and n;neiy-fyc dollars ard
tWenty.eish; cents.
1t is estimated TIA, tie receipts into The treasn.
~ for the fiscal wear ending on the ,hirieth OF
June lS46, including The balance nihe treasury
Oh the first Of July las, will amount 10 iorty-iWo
million eight hundred and eighty six thousand FIVE
hundred and tor'y.liye dollars and eighty cents;
OF which ihiry.one million, il is e.ma,ed, will
DC derived Iium cnslomGj th'e,- million Gee hnn-
bred thousand from The sale oi The public lands.
tour hundred thousand from incidental sources,
including sales made by the Solicitor Of The Trea.
v,
thousand two hundred and ninc,y-iour dollars;
and y.6vc cents from loans already authorized
bylaw, which, together with he balance 10 the
treasury on the first Of July last, make The sum
estimated.
The expenditures for the same period, if peacc-
with Mexico shall not be concinded, and The ar
my shall be increased as is proposed, will amount.
including the necessary payments on account Of
principal and interest of the public debt and trea-
800 bad,
fifteen thousand six hundred and sky dollars and
seven cents. ,....
On the first Of The present month, the amount
of The public debt actually incurred, including
treasury noles, was forty five million six hundred
and ihy.nine thousand six hundred and fifty .bine
dollars and forty cents The public debt due on
the fourth Of March, l845, including treasury
! notes, was seventeen million seven hundred ard
| eighty. eight thousand seven hundred and ninety
nine dollars and sixty TWO cents; and consequent
| Iy the addition made 10 thc.pn5ic debt since tina,
| time is twenty-seven millions eight hundred and
seventy thousand eight hundred fifty nine dollar.
and se"enty.eght cents. 7'' '' >'''
Of The loan of twenty.hree millions, author
izrd by the aci Of The lWeDly.eghib VI JanuaIy,,
lS47, The sum oil five millions was paid out 10
The public creditors, or exchanged at par for spe
Gle; the remaining eighteen millions was offered
for specie 10 the highest bidder moi below par by
an advertisement issued by The Secretary of The
Treasury, and published from the ninth of Feb
ruary until the tenth OF April, ie47, when il was
awarded to the several highest bidders, al pfcmi-
ums varying from one.eghth Of one per cent.
TO two per cert. above par. The premium has
been paid into the treasury, and the sums award
cd deposited in specie in The treasury as fast as it
was required by the wants Of the government.
To meet the expenditures for the remainder OF
The present and for The next fiscal year ending on
The Both OF June, lS49, iunher loan in aid
OF The ordinary revenues OF the Government
will be necessary. Retaining sufficient sur
plus in the Treasury, The loan required
iof the remainder Of the present fiscal year
will be about eighteen millions, five hundred
thousand dollars. II the duty on lea and cof-
fee be imposed, and The graduation OF the price
OF the public lads shall he made at an early
period Of your session, as recommended, the
loan for the present fiscal year may be re-
duced 10 seventeen millions OF dollars. The
loan may he further reduced by whatever
amour, Of expenditures, can be saved by military
contributions collected in Mexico. The most
vigorous measures Tor The augmeplaiion'of these
contributions have been directed, and a very con-.
siderable sum is expected from that source, lis 3
amount cannot, however, be calculated with any
certainty. Itais recommended that the loan 10
be made be authorized upon The same terms,
and Tor The same ,irc as that which was autbo-
rIZ"d underline PROVISIONS Of tnc act OF me Zotn
Of January ls47. .t ~.
Should the war with Mexico be continued until
the :i0h OF June 1919, il j. estimated that further
loan oil twenty millions five hundred thousand
dollars will be required for the fiscal year ending
on Ina, day, in case noduiy be imposed on lea and
coffee and the public lands be not reduced and
graduated in price, and no military contributions
Shall be collected in Mexico. lfthednty on tea and
coffee be imposed, and the lands be reduced and
graduated in price, as proposed The loan may be
reduced 10 seventeen millions of dollars, and will
be subject to, be still further reduced by the
amount of die military contributions which may
be collected In Mexico. Its no proposed, how.
ever at present, to ask Congress for authority to-
negotiate this loan for the next fiscal year. asitis
hoped that the loan asked for the remainder Of the
present fiscal year, aided by military contributors
which may be collected IN Mexico, may be snfl-
cent. If, contrary TO my expectation, there
should Re necessity tori the fact will be com.
municaled 10 Congress in time for their action
dnr;no the nresent session In no event will a