Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1847-12-15

the outfits and salaries of Charge d'Affairs
to the Republics Of Guatemala and Ecua-
dor. The manifest importance Of cultiva-
ting the most friendly relations with all the
independent States upon this continent, has
induced me to recommend appropriations
necessary for the maintenance of these mis-
sions.
| recommend to Congress that an appro-
priation be made to be paid to the Spanish
government, for the purpose of distribution
among the Claimants in the Amistad Case.
| entertain the conviction that this is due to
Spain under the treaty of Goth October,
1895, and moreover that from the earnest
manner in which the claim continues to be
urged, so long as it shall remain unsettled,
it will be source of irritation and discord
between the two countries, which may
prove highly preiudicial to the interests of
the United States. Good Policy, no less
than faithful compliance with our treaty
obligations, requires that the inconsiderable
appropriation demanded should be made.
A detailed statement Of the condition Of
the finances will be presented in the annu-
al report of the Secretary of the Treasury.
The imports for the last fiscal year, ending
on the 3Oth of June, 1647, were of the val
ue of $14e, ,545,63s, of which the amount
exported was $s,0l1, ,158, leaving $685.
534, $50 inthe country for domestic use.-
The value Of the exports for the same pc
riod was S158, ,64s. .622, of which $780,
637, ,464z Rsisted Of domestic productions,
and Sc, ,0ILI58 of foreign articles. The
receipts into the Treasury for the same
period amounted to $26, ,346, ,790,37 Of
which there was derived from customs $685.
TAI, ,s64,66, from sales of Public Lands
50, 49s, ,335, 20, and incidental and miscel.
laneous sources $lO0,570,51. The last
fiscal year, during which this amount was
received, embraced five months under the
operation of the Tariff act Of 1912, and
seven months during which the Tariff act
Of 1916 was in force. During the five
months under the act Of 1912, the amount
received from customs, was 81, 49,, ,3O6,-
90; and during the same months under the
act of ls46, the amount received was $17,-
! COS, ,557,76.
The nett revenue from Customs
during the year ending on the lst Of De-
cember, 1916, being the last year, under
the operation Of the Tariff Act of 1912,
was $22, ,97l, ,403, 10, and the nett revenue
from Customs during the year ending 'on
the 1st of December, le47, being the first
year under the opeEssffo4 of the Tariff Act
Of 1916, waasabout> agssa agsa 800, 900, being an
increase of revenue for the first year under
the Tariff Act of 1e46, of more than S.
500, 900 over that Of ihe last year, under
the Tariff of 1912.
The expenditures during the fiscal year
ending on the 30th June last, were $50.
| 45I, l67 ,65, of which So, ,522, ,O62,37 was
on account of payment Of principal and in
terest of the public debt, including treasury
notes redeemed and not funded. The ex.
penditures exclusive of payment of public
debt were $55, 1928, ,095, ,2e.
1t is estimated that the receipts into the
Treasury, for the fiscal year, ending on the
30th June, 1e48, including the balance in
the Treasury on the 1st Of July last, will
amount to $42, 1886, ,545 80, of whicn $3l..
900. 900 it is estimated will be derived from
customs, So, SOC, 900 from the sales Of the
public lands, $400,00O from incidental OK.
penses, including sales made by the Solic-
itor Of the Treasury, and $6,285,294 SIS
from loans already authorized by law,
which together with the balance in the
Treasury, on the first of July last, make
the sum estimated.
The expenditures for the same period, if
peace with Mexico shall not be concluded.
and the army shall be increased, as is pro.
posed, will amount, including the necessary
payments on account Of principal and in
terest if the public debt and Treasury notes
to $58, GAS, ,66007
On the first Of the present month. the
amount of the public debt actually incurred,
including Treasury notes was $45, ,659, $780,.
40. The public debt due on the 4th March,
ls45, including Treasury notes, was $l7,.
75s, ,799 62 and consequently the addition
made to the public debt since that time is
$27, ,87O,e5O 10.
Ofthe loan Of $23, 600, 900 authorised bv
the act of the 2sth January, Is47, the sum
of SIS, 100000 was paid out to the public
creditors, or exchanged at par for specie
the remaining 100000 was offered for
specie to the highest bidder out below par
by an advertisement issued by the Secreta.
ry of the Treasury and published from the
9th Of February until the 10th of April.
1Ote3 "uOh ~ "oS "WoAuOu 10 the SeY6r1k
highest bidders, at premiums VARYING from
l-s of one per cent. to per cent. above
par. The premium has been paid into the
Treasury, and the sums awarded deposited ID
in specie in the Treasury as fast as it was
required by the wants Of the Government
To meet the expenditure for the remain.
der of the present, and for the next fiscal
year, ending on the 3Oth June, ls49, a
further loan, in aid of the ordinary resour-
ces of the government, will be necessary.
Retaining sufficient surplus in the Treas.
ury, the loan required for the remainder OF
the present fiscal year will be about $1e,.
SOC, 900.
If the duty on tea and coffee be imposed,
and the graduation ofthe public lands shall
be made, at an early period of your session,
as recommended, the loan for the fiscal
year may be reduced to $l7, 100000. The
loan may be further reduced by whatever
amount Of expenditure can be saved by
military contributions collected in Mexico.
The most vigorous measures for the aug.
mentation ofthese contributions, have been
directed; and very considerable sum is ex
pscted from that source. Its amount can