Democratic banner., 1847-12-27
sUN1rED We SrAND-DIv1DED VIZ FALL"
LOUISIANA, PIKE COUNTY, MISSOURI, MONDAY, DECEMBER, 81, ls7.
Of 5000, 900 was paid out to the public

.lOt FSSOOOSOOO "uS pau Ou " ~ 1bAbAh
creditors or exchanged at par for specie
The remaining s1s, 900, 900 was offered 70
specie to the highest bidder, not below par
by an a Advertisement issued by the Secreta
ry oethQ. Treasury, and published from tn
9Th Of Februa:y.to the 10th of April, 1884,
when awas awarded 10 the several highes
bidders at premiums vaf5ng from IL o.
one peFcshf4o tgoGsr spnt, above Par.-
tras prepius has!4d~Es&
ury, and the sums awarded deposited in
specie in the Treasury as fast as it was
needed by the wants Of the Government.
To meet the expenditures fer the remain
ders of the present and for the ncxt fiscal
year, ending on Both June, ls49, 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 81 s,5OO,OOO. If 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 recon-
mended for the fiscal year may be reduced
to $l7,O0O,O 900 of dollars. The loans may
be further reduced by whatever amount Of
expenditures that can be saved by military
contributions collected in Mexico. The
most vigorous measures for the augmenta-
ltion Of these contributions have been direc-
tied, and a very considerable sum is expec-
tied from that source. Its amount cannot
however, be calculated with any certainty.
1t is recommended, that the loans to be
made, be authorized upon the same terms,
and for the same time, winch were authori-
zed under the provisions of the act Of the
I2Sth January, lS47.
Should the war with Mexico be contin-
ued till the 3Oth June lS49, it is estimated
that a further loan of $20,5 900 will be
required for the fiscal year ending on that
day, in case no duty be imposed en- tea and
coffee, and the bubble lands be not reduced
and graduated in price, and no military con-
.tributions shall be collected in Mexico
If the duty on tea and coffee be imposed,
and the lands be reduced and graduated in
price, as proposed the loan may be reduced
20 $l7, OOO, 900, and will be subject to be
still further reduced by the amount of mill
tary contributions, which may be collected
in Mexico. 1t is not proposed, however, "a
ask Congress for authority to negotiate thi:
Iloan for the next fiscal year, as it is hoped.
that the loan asked for the demands of the
present fiscal year, aided by military con-
liributions which may be collected in Mexi'
10, maa,iuns, there Should be a neres''.
fnr Il. the fact will be communicated t
Congress in time for their action during tn
! present session. In no event, will a sun
Exceeding 100000 600 Of this amount b
needed Def ore the meeting OF tn
session of Congress of 1913. The act ofth
Both July 1916 reducin Of the duties on lin
shorts has been in force since the list OF lie
-lcember last, and l am gratified to state
ltEat all the beneficial effects which were a
ticipated from its operations ave bee
ifnlly realized. The public revenue derive
from customs during the year ending Il
:, December, IS47, exceeded by more tia
n OOO, 900, the amount received in the pre-
- ceedinc year, under the act of 1912 an
which was superseded by it, its effects al
visible in the greater and almost uaexan
pied prosperity which prevails in almo
every branch Of business.
IS While the repeal Of the prohiblto'y an
% restrictive duties of the act ofls42, and Il
substitution in their place OF reasonao
revene rates, levied on articles lmpore'
W according TO their actual value, has L
m creased the revenue and augmented o.
l. foreign trade, all the great interests WIN
had been not only too much neglected. D
e ACTUALLY taxed by the protective polIcy' !
i, the benefit of other interests, have be
d relieved of the burden which that poll.
D. imposed upon both iarmers& planters und
s. the more just and liberal policy are findL
nd new and profitable markets abroad
their augmented products, Our CONNER
rapidly increased, and is extending me
widely the circle of international exchs
he ees. Great as has been the increase OF
ng imports of the past year, our exports oil
b. mestic products sold at foreign markets
H. been still greater.
- Our navigation interests are emInen
~ prosrerous-the number of vessels built
he the United States is greater than dur
o. any period Of equal length. Large pro
l L., khoeo Cvh0 have c.