Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-12-16

This statement shows balance in the Treasury the 30h
ca, ls49, Of 2s53 6s4s4 and balance in the Tessu
- On The 30th June, 1850, Of IS, O40, 542.l IL.
In the estimated expenditures for the year ending the
10th June, 1850, included balances Of appropriations
amounting TO the Of So 762 49, considerable por
Ton OF which may not be required.
Unless new ana extraordinary expenditures authorized
~ Congress- no further loans will be required and the pub
&c de6t may be reduced.
The whole nett from duties during the entire pc
I'D Of four years and three months Of the operation OF the
aarh Of 1884, (Per table d. SOL 554 II, being
annual average Of s23 $685. 2Os32 The nett revenue
received from the tariff Of 1916, dcrng It's entire operation
from the LIST Of December, 1896 Both Of September lsis
(per table FL $50, ,563.79, or an average Of
80 % per annuu, being average Of 00 $50
Is per snnum under the tariff Of 1885, than there
received under the tariff Of 1872 The revenue for
he fret fiscal year under the tariff Of s46 (per table
- S3l, 7,07096, (beng 1857, SO more than the
smate q this Department. and this would 90 on
laymenng every year under this act, with favorable
.. foreign and industry ratio at least great
IS The Increase Of our population.
As the high duties under the Of s42 rapidly sub
sliGng the domestic articles and excluding the foreign rival
he must have declined. II, however, the Of
SAC had yielded the average received during the
-loi Of It's actual operation, this have seen, would have
been annual los Of upwards Of millions Of dollars
compared with the average Of the tariff Of 1916
With such result, instead Of large surplus The Both
June $780, there would have been addition OF than
twenty-five millions Of dollars our national debt, which
must nave gone on rapidly increasing, requiring in time Of
groceeds Of the sales Of the public lands taken from the
Treasury for distribution the States the augmentation
q the deb. and accumua,ng interest would have been still
rapid and alarming.
From this disastrous condition have been saved by the
irf Of 1876 yielding from reduced taxes an average
thus for Of than millions Of dollars over the
average receipts from the tariff Of 1872 Had that
1itned IN force during the war; from diminished revenue,
TIE loans must have been greatly augmented amount with
snls and declining income, and instead Of premiums realized
age discounts must have been allowed That the revenue
woodhave declined results from The position Of the protection
IS that Ivy continuing few years. they would sup
ply the whole home market with the protected domestic articles
~hen the foreign importation cease and the
also The result, then Of protection be the humiliation
Y NE oegnmpoft trade Of the country regards pro
aeced products With the exclusion dimnuion Of imports
L eAps must be reduced for foreign nations cou
not buy them. We exported last year. (per table +,
fO9 10 value Of domestic products and fabrics
elusive O SPECIE and under low duties this 20 aug
nenhng Dot how foreign countries pay for these ex
ports, we VIII take imports, very few, in
Ceary our exports must in time cease, fall very SINAI
sum- the foreign markets be destroyed and the price
OCT staple exports o. cotton OF ce Of tobacco Of bresdu
lnd provisions, must decline for canno, take the return
specie from abroad without exhaustno those markets in
single year, can we al home this auamentin
sUrplus The British empire per table On took from us
rot during the year OF famine is called Of 1897 but
L34sof domestic exports including cotton tobacco rice
resdsu, and provisions and other domestic articles ercu