The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1848-12-29

Of principal and in,eres, for the public debt,
we're Si2 .sll $40 03.
II 10 estimated that the receipts into the
Treasury for the fiscal year ending on the
30'h Of June, 1910. including the balance
IN the Treasury on the first OF Julv last.
VIII amount 10 the sum ol Ss57 ,0iS 900 90
of which So 600 900, 1t Is esrimaled, vii
be derived from customs SO 900 600 from
the sales of the public lands /; and 81 200.
600, ron miscellaneous and incidental
sautceslacuding the premium uponthe loan
md The amount paid and 10 he paid into the
T'asuty on account 81 military conltibu.
lens ia Mexco. and tie safes Of arms ami
vessels aud other psxhc prrpetty rendered
unnecessary for the use of the Goresnment
hs the termination Of the war and eco.
O95. i35 30 from loans already negotiated.
iue.udng Treasury notes funded, which,
together With the b.lsnce IN the Treasury
On the iirs, pl July last, make tie SUN es.
tna'ed
/ he Expenditures for the same period, IN
GUIDING Tue necessary pay ment on account
OF the principal and interest OF the public
debt, and the principal aud u,cte-, Of the
h;st lns,almeni due 10 Mexico on the 31;h
VI May uex', and other espend lures gfos.
m, cut q TIE asr, 10 be paid during the
present : ear, viii amoun' luclud,ng the re
endorsement II Treasury notes, to the SUN
e s5i,l95 275 CO; leaving an estimated
balance ~ The fel-ufy on Tue hrs, vi ia
J., lsi9. q So $50 69i Il
The ) creiary of tho r,casl,y sill pre-.
.ea', as rtqaued Nv law. the cs',mel, Of
the receipts tud expenditures Cor the uesl
fiscal year. The expenditure as estimated
'of tba, ycatAtc s33.2l32lj -, mcu1,ng
80 100 iu2 i fo- the tnie;es, Oh ID, POO
'.c deb, and So $40 900 On Ne principal
sud iuirfes, due so aie,,co on the Bah OF
NAY, 1861 lens AZ tbs SUN OF so s1I.,
o30 81 sAeh. Il ; believed, all b. am
re ior tie ordinary peace expenditures.
HE ofetaAars Of tic lathi &C, &C l-if
have been such during the pas, year as lol
y 10 nest The pubic CypsclalIor, aud 10
cotfi.m The op,ui u Lete!oloIe expressed ot
ho sI'dom d she chlH.s 10 our revenue
system ahiclr uas Il c.cd Us il. The ,e
"etn's under 8, INTO The ifra.u'y for the | u
lcal year tflef - enacimeul exceeded by
he sun OF S50il.I % .ho amour, col.
'rc'ed 51finI he asst ti.cal year urdcr the
'af'daci of 1872 oudln. tbe 80 h or june
l>lB. The io'al revenue reaiz llrom The
cag al 'rccmen' q Iis operation, on The | =
- u ccn.bcr, lsI6, uui The close Ul IL,
At quarter, 90 Do 80 Of september last
iring twsnty Tao months, "a, s5J d1i
36} 10 -,Jring much burger sum thar
sasrvcr before tfecivsdirom du',cs druna
any cqgal retlod under ,ho tariff acls o
l-2i ls2s, l-39 aud l~l2. Whilst is
ihe rrpeli OF highly protective and prohib
'otJ duties the fc,caae has been Increased
the layes on lie people have hccn djninsh
ed. They have brca relieved from TIC
heavy amounts Nth abich they we're Lut.
lened under former lass IN Tho form OF ~.
creased ptIccs or bounlts pad 10 favored
classes aud pursuits.
The predictions mich were made. that
he taiIiT act Of 1916 sca'd red &c II a.
rnoun, Of revenue below hat collected IN.
Ter The act OF 1912, and would Prostate
The business aud destroy the prosper ~ o.
the country, have not btcu verified. With
az increased aud increas ~ revenue, the
finances are n highly iioHishlng CO, d.
ton. Agriculture, commerce, and n1yiya.
ion arc prosperous; the prices OF manu-
lactUtcd iabtlcs, and Of nlher products nre
much less Il JIuoJsis affected than was TO
have cen anticipated. rom the unprecu.
Iealed tesulslons winch DUNG the las, and
The pfcsett year, have ovefs hrlmed no IN.
Justly and piral,z d the credit and com,
m2fco Of 80 mauy gtei, aud enlightened
nations of Europe.
have alsays heretofore operated Ia depfesi,
aud often 10 aiiec, dsls,rously, almost eve-
~ bfauch e American industry. The
temporary depression OF a portion Of our
manufacturing interests IS the effect Of for
elgn causes, and Is Gar less severe than has
prevailed on al former stnhar occasions.
II is believed that, loukn. TO the great
aggregate Of oil our interests. the whole
country was nere. more prosperous than at
the present period. sui never more rapidly
advancing IN wealth aud population. Nei
ihcr the foreign war N ahich &c bavc been
involved, nor tho loans which absorbed 80
iafge puttInn OF our capital nor the CON
re,ul,Ion IN Gseai Britain MA | SII.
nor Tho pitdiyss Of credit mud commerce
throughout Europe in -i1, hayo all 'cied
nJIfiously 70 any considerable extent any
Of the great interests ol the country, or AZ.
rested our onward march TO gtealrc.s,
wealth, and power.
II ID the Disturbances in Europe not &C.
,urred, cur commerce would undoubtedly
ave been sri, more esteuJcd, and would
ave added sllIl more t. the national wealth
md pubic prosperity. Bot nol"ilhstnn
ilLs these disturbances, Tho operations OF
he tescUun system established by tho tar.
# act OF 1916 have b 81 so generally ben.
,ficia TO the Government aud the BUSINESS
If tho country, that no change IN lis pro.
.i.ions is demanded by wise public policy,
nd none is recommended.
The operations of the constitutional treas.
H., al n ha q II