The examiner. [volume] (Louisville, Ky.) 1847-1849, 1848-12-23
Report Of shs secretary Of In. treasury.

This report is OF great length, and is principally
occupied with arguments in favor of the tariff OF
1916, similar TO those used by the President in his
message. We think it unnecessary to occupy our
columns with the whole of this report, and there
fore confne ourselves to such selections as we
consider useful:
The total receipts Tor the fiscal year ending
Jare 10th, 1915, were ...............- x56 6, AGO
idd pal III treasury July Isl, loi7....... 1,7U1 ,2ji
Total means. Observation-Disclosures. 5S 3si ,Di
expenditures during same period. 6S,2ii, 81
Balance in treasury July LIST, lsis..... 1894
Estimated receipts TO a'nh June, 1919. ineIu.
ding the above balance, 57.ois.96s
Actual aud estimated expenditures TO same
period ........................... 6i.i9276
Balance in treasury July LIST, Isls... e,a5s CO,
The Secretary carries his estimates 10 3Oth June.
1850, giving the receipts at SIS, 253, 694, and the
expenditures al S33, 2l3, l52; leaving balance in
the treasury on the LIST July, 1850, of So O4O 5i2
"Unless new and extraordinary expenditures are
authorised by Congress, says the report, .'no fur
lher loans will be required, and the public debt
may be reduced.
In reference to our acquisitions on he Pacific,
The report says:
distant now as are our possessions upon the
Pacific, II We would desire TO extend TO them the
benefits and blessings ofthe American Union, and
unite them with us In the bonds of sn ever-aug-
menting commerce and intercourse, there is al
present nothing but steamships that can perform
these important duties, in connection with a rail.
road scross the lsthrnus Of Panama. Such road
would always be useful for our trade from the At
ianiie and the Gulf with the western coast OF
America, and At least for heavy products with
ASIA and especially with that portion of il near TO
lT a he he Ia he In
dian Ocean, and with Australia, even If at some
distant period railroad should unite the Atlantic
the Calf and the Mississippi with our haIbofs upon
the Pacific. That such road will be made al
some future period, upon the most practicable
route, is not doubted, although, from the time and
capital required, its completion unfortunately may
be remote, but the railroad which private enter
prise could build within year OF two scross the
lsthmus would answer all our present purposes
and would al once bring New York within ten
days OF the Pacific, and within thirty days OF
Chins, and New Orleans still nearer, maintaining
also the important communication between our
own harbors on the Atlsnlic, the Gnli and the Pa
cihc.''
The report recommends the appointment of
Consuls at Chsgres and Psnsms; reciprocal free
trade between he Canadss and the United States,
all articles Of the growth, manufacture, OF pro.
duction OF either country-snd also a similar re-
ciprocity with Mexico.
A new department is recommended TO be estsb-
lshed, TO which shall be confided various duties
now performed by the Treasury, State aud War
departments. The new department to be confded
10 sn individual known as the Secretary of the In
terror.
This report contains a variety Of suggestions,
which may be of advantage, If adopted by Con-
gress.
Ii appears that the whole public domain unsod
amounts to ,442, 2l7, 1897 acres, which, at the
present minimum price of 81 25 per acre, would
make an aggregate value of 81 ,s02, az, 2s6. Al
25 cents per sere they would bring $500, 554, 45s
This fund the Secretary considers fully adequate
to the discharge of the public debt before maturity
Ii As our impression that portion Of the public
lands could not be better applied than in the con-
struetiou of railroad as proposed by Mr.. Whit
ney-as that would concentrate the trade of the
world on this cortinent The following is the
paragraph ofthe report:
"The vaf;aus recommendations of this, my last
ial report sire respectfully submitted 10 the
enlightened consideration al he two Houses OF
Congress. They are believed 10 be such as would
best promote the true interest of the American
people. For them and for my country, and her
glorious coniederacy of sovereign and UnIIed
States, Invoke the continual blessings of Heaven.
May the Union be harmonious, progressive, and
May her course be one of honor,
peace and gloH--0f equity, Justice and good faith!
May each successive administration, in all time
10 come, in faithfully disohaTsing the afduous du
lies OF its exalted trust, receive the supporsand
approbslion OF the people! Guided by conscious
rectitude, may they he commended and sustained
in every effort 20 promote the public good, and
even their errors, which are the lot OF humanity,
be regarded with indulgence, and ovenuled by
5enignant Providence for the advancement Of the
happiness and welfare Of our beloved couniryr'