The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1847-12-18

pretended. The British authorities in China have
already complained that this government has not
provided for the punishment of crimes, or the en-
forcement of contracts, against American citizens,
in that country, while their government has ,estab-
lished tribunals by which an American citizen
can recover debts due from British subjects.
Accustomed, as the Chinese are, to summary
justice, they could not be made to comprehend
why criminals, who are citizens of the United
States, should escape with impunity, in violation
Dftreaty obligations; whilst the punishment of Chi
nese, who have committed any crime against our
American citizens, would be vigorously exacted.
Indeed the consequence might be fatal 10 Ameri-
can citizens in China, should a fragrant crime be
committed by any one 81 them upon a Chinese and
punishment not follow, according to the requisi-
ton of the treaty. This might disturb, if not de-
stroy, our friendly relations with that Empire, and
cause an interruption to our valuable commerce.
Our treaties, with the Sublime Porte, Tripoli,
Tunis, Morocco, and Muscat, also require the leg
islation of Congress to carry them into execution,
though the necessity for immediate action may rot
be so urgent as in regard to China.
The Secretary of State has submitted an esti-
mate to defray the expenses Of opening diplomatic
relations with the Papal States The interesting
political relations in progress in those States, as
well as our commercial interests, have rendered
such a measure highly expedient. Estimates have
e'So ~ va Mn - -" ~ ~ ~&s's
to the RepublicsIoi Guatemala and Ecuador. The
manifest importance of cullivating the mast friend-
ly relations with all the independent States of this
continent, has induced me to appro.
~priations necessary to the maintenance Of these
missions.
/ recommend to Congress that an appropriation
be made to be paid to the Spanish Government, to
be distributed amongst the claimants in the Amis-
tad case. / entertain the opinion that this is due
to Spain, under the treaty Of the goth of Octo-
Der, 1895, and moreover, from the earnest man
ner in which the claim continues to be urged. So
long as i, remains unadjusted, it will be asource
Of irritation between the two countries, which
may prove highly prejudlcial to the interests of
The United States. Good policy, no less than a
faithful compliance with our treaty obligations.
requires that the inconsiderable appropriation
should be made.
A detailed statement of the condition of the Fl.
nances will be presented in the annual report of
the Secretary Of the Treasury The imports for
the fiscal year ending ON the 30th of June, ls47,
were Sl46, SIS ,63S, of which the amount exported
was IS oil 1853, leaving Sl3s, 53i ,4SO in the coun-
try, for domestic use. The value of the exports
for the same period, vas Sl5S ,64S ,622, Of which
$3.50 ,637 AGA consisted of domestic productions,
and IS oil ,l5S of foreign articles.
The receipts into the Treasury amounted to
1926 ,346. 100 81; of which there was derived from
customs 1928, IA, S64 ,66-from sales of public
lands, ~, 49S 1886, 20,-and from incidental and
miscellaneous sources; 500 ,570,5l The last fs-
cal year, during which this amount was received,
embraced five months under the tariff act of 1912,
and s.ven months during which the tariff act of
1916 was in force. During the five months under
the operation of the tariff act of 1912 the amount
received from customs was s., S42, 306 90 and du-
ring the seven months under the act of 1916 the
amount received was SIS, 905 ,557, rs.
The nett revenue from customs in the year end
ing on the LIST of Decembar, 1916, being the last
year of the tariff act OF 1912, was 500, OH ,403, TO-;
and the nett revenue from customs. during the
year ending December LIST, lS47, being the first
year under the operation Of the tariff act Of 1916,
of more than SIS, 800, 900, over that of the last year
of the tariff of 1912.
The expenditures during the fiscal year ending
on the 30th of June last, are $59, i5l III s.; OF
$3, 522 ,Os2 81 was on account of payments
of principal and interest of the public debt, inclu-
ding treasury notes redeemed and not funded -
The expenditures, exclusive of payment of public
debt, were $SsS55 ,929 ,095 2s..
1t is estimated that the receipts into the treasury
for the fiscal year ending 3Oth Jane, 1913, inclu-
ding balance in the treasury on the LIST of July last,
will amount to $40, $50 ,5l5 so; Of which $3l ,000,-
900, it is estimated, will he derived from customs,
SO 500, 900 from the sale of public lands $500,
900 from incidental sources, including sales made
by the Solicitor of the treasury,-and sc, 285 ,294-
So from loans already authorized by law, which,
with the balance in the treasury, on the first Of
July last, make the sum estimated.
The expenditures for the same period, il peace
with Mexico shall not be concluded and the army
shall be increased as proposed, will amount, in
Guiding the necessary payments, on account of
principal and interest ofthe public debt, and treas.
ury notes, TO $5s ,6l5 $50 OF.
On the first of the present month the amount of
Tho public debt actually incurred, including trea-
sury notes, was $sI5 ,659, $50 40. The public debt
due on the 4th March, 1915, including treasury
notes, was SIT, 1888 ,799 62; and consequently the
addition made to the public debt since that time,
is 1927, $40 $50 IS, OF the loan of $23, 600 900,
authorized by the act Of 2sth of January, l847, the
sum of So, 900 900 was paid out to the public cred.
itors, or exchanged atpaT for specie. The remain.
ing $l3, 900 900 was offered for specie to the high.
est bidder, but not below par, by an advertisement
issued by the Secretary Of the Treasure, and pub
lished from the 9th of February to the 10th of A
pril, 1917, when it was awarded to the several
highest bidders, at a premium ranging from one
eighth OF one per cent. TO two per cent. above par.
The premium has been paid intu the treasury, and
the sums awarded, deposited in specie in the trea-
sury, as fast as it was needed by the wants of the
government.
To meet the expenditures for the remainder of
the present, and for the next fiscalyear. ending on
the 30lh Of June, 1S49, 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
above SlS 500 900. If the duty on tea and coffee
be imposed, and the graduation of the public lands
shall be made at an early period of your session, as
recommended, the loan for the fiscal year may be
reduced to ST., 900 900. This may be further re-
duced By whatever amount Of expenditures can be
saved by the military contributions collected in
Mexico. The most vigorous measures for the aug
mentaiion Of these contributions have been direct
ed; and a very considerable sum is expected from
that source. Its amount cannot, however, be cal
culated with any certainty. 1t is recommended
that the loans to be made be authorized upon the
same terms, which was authorized under the pro-
visions of the act Of the 2Sth of January, ls47.
Should the war with Mexico be continued till
the 30th of June, lS49, it is estimated that a fur
ther loan of 800, 500 900 i'll be required, for the
fiscal year ending un that day, in case no duty be
imposed on tea and coffee, and the public lands be
not reduced and graduated in price, and no mill
TRY contributions shall be collected in Mexico
II the duty on tea and coffee be imposed, and the
lands reduced and graduated, IN price, as proposed,
N- 90.