Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1847-12-17


relations with that Empire, and cause an inter
rupuon Of our valuable commerce.
u Our treaties with The Sublime PORE, TripoIi,
Tunis, Morocco and MuScal, also require the
legislation Of Congress to carry them into execu.
tlon, though the ueccssilv of immediate action
NAV not be so urgent as in regard To China.
The Secretary Of State has submitted an esti-
mate To dcir1v the expense Of opening diplomat.
ic relations with the Papal States. The inlcras.
ting political events now in progress in these
States, as well as just rcgard To our CONNER.
cial interests. nave, in my opinion, rendered such
a measure highly expedicni.
Estimates have also been Submitted. for the
outfits aud s'lre3,f Charges d'Atlares to the
Republics of Guatemala and Ecuador. The
manifest importance Of culuyaring the most
friendly relations with all the independent States
upon this continent has induced me To recon-
mend appropriation necessary for the maintain
ance OF these missions.
Il ] recommend 10 Congress that an Appropriation
be made 10 be paid 10 the Spanish government,
for the purpose of distribution among the claim
ants in the Amisrad Case. ! entertain the con-
victon thai this is due to Spain under the treaty
OF 2Olh of October, 1895. and moreover that
from the earnest manner in which the claim con-
tlnues to be urged, so long as II shall remain
unsettled, il would be a source of irritation and
dlscord between the two countries, which may
prove highly prcudicial TO the interests of the
UnucdSlales. Good policy, no less than a faith
iul compliance with our treaty obligations, re-
quires that the nconsdcrablc appropriation de-
mandcd should be- made.
A detailed statement Of the condition of the
finances will be presented in the annual report
Of the Secretary Of the Treasury. The imports
for the last fiscal year. ending on the 3Olh Of
June lGl7. were of the value of SllG.5l5 G38,
of which the amount exported was SG,Ol l58
? leaving SI3G. .53I .IGO in the country for domcs-
tic use. The value of the exports for the same
period was ; I58. .G48G22 Of which $ljO.G37.lGI
consisted Of domestic productions, and S8Oll,-
1853 of loreigna articles. Thcrcciplsi in the Irca-
Sury for the same period amounted to $780,
79O.37. of which there was derived from customs
| S237I7 ,865 G6, from the sales Of Public Lands
, 2498 1886. 20, and incidental and miscellaneous
sources 500. O.57O.5l. The last fiscal year, du-
ring which this amount was received, embraced
five months under the operation Of the Tariff act
} of 18I2. and seven months during which the
Tariff act of 1916 was in iurre. During the
five months under the act Of I8I2 the amount
received from the customs was S7,462 500 80,
aud during the same months under the act OF
1916, the amount received was Sl79OG, ,55I76.
The nett revenue from Customs during the
year ending on the lst of December, 1916, be-
inc the last vcar, under the operation Of the Ta-
rilr Act of 1912. was 500. 81 4O3,lO, aud the
nett revenue from Customs during the year en-
ding on the lst of December, being the first
year under the operation of the Tariff Act Of
| 846, was about $3l ,5OO,UO5, being an increase
of revenue for the first year under the Tariff
Act of 1916, Of more than $4,000 900 over thai
/ of the last wear, under the Tariff of 1912.
The expenditures during the fiscal year en-
ding on the 3Olh Of June last, We're $50. 9.45lI77,-
G5 of which S3, ,522 ,O82.37 was on account of
payment of principal and interest Of the public
debt, including treasury notes redeemed and not
funded. The expenditures exclusive Of pay
mcnts of publiH debt were $55,929U95 %.
1t is estimated that the receipts into the Treas
= ury, for the fiscal year ending on the 3Olh OF
June, 1913. including the balance in the Treas
ury on the lst of July last, will amount S42 $780,
5l5 80, orwhich $3l 900 600 is estimated will
be derived from customs, S3,JOO,OOO from the
sales of the public lands, 100000 from Incl
dental sour ccs, including sales made by the
Solicitor of the Treasury, and SG,285,99l 90
from loans already authorised 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 ar.
my shall be increased as is proposed, will amount
including the necessary payments on account OF
nrincipal and interest of the public debt and
Troosurv notcs, 10 S58 6l5 $50 OF.
On the first of the present month, the amount
orthe public debt actually incurred, including
: TREASURY notes, was S45G $50 40. The
public dcb due on the 4lh Of March, l8l5. incIu'
ding treasury notes. was Gl7,778 799 62, and
consequently. the addition made 10 tho public
debt since That time. is SQ7.87O,859 10.
Or,bo loan Of S23OOO.O 900 authorised by the
act of the 28lh of January, l6lI. the sum OF
$5OOOOOO was paid out TO the public creditors
or exchanged at par for spccIe-thc remaining
$18OOO,OOO was offered for specie 10 inc high
est bidder not below par. by an advertisement
issued by the Secretary of the Treasury and pub
lishcd from the 9h of February until the ION
of Apnl. I8I8, when it was awarded TO the sew
cral highest bidders, at premiums varying from
9Th of one per cent. TO 2 per cent above Por'-
The premium has been paid into the Treasury
and the sums awarded 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, end
ing on the 3Olh of June, l8i9, Il further loan, IN
aid of the ordinary resources of the Government
will be necessary. Retaining sufficient surplus
in the Treasury, the loan required for the re-
maindcr of the present fiscal year will be about
Sl8.5O0,O0O.
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 rccommen.
dcd, the loan for the fiscal year may be reduced
to SI7,OOOOOO. The loan may be further re-
duccd by whatever amount of expenditures can