Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1848-02-19

year IS46 at Ia have doubt but that we may
add S. 500 900 to this estimate with perfect safety bringing
the total expenditures Of the year up S67 100 OOO On
the other hand satisfied that the Secretary Of the Trea
sry has his receipts He sets down his means
for the year ending June 80. ls4s as follows viz
Customs ........................s 3l ,00O, 900
Public lands. NEUTRALITY-SUSPICIOUS., 8, 500, 600
Miscellaneous sources. ................ 100000
$4,000, 200
No man, it seeYs to me, examine these estimated
receipts without being satisfied that they are If
compare hem-h the receipts of preceding years or if
inquire into the amount Of imports we must perceive al
that the receipt Of 900 from customs is out of
the question. To obtain that revenue import for
home consumption goods wares and merchandise to the
amount Of $780, which would be s6s 632 more
than the average Of the four preceding years. The
consumption Of imports for the years 1914 1885, 1916
Sl03 the consumption for the year lsf7 was
$685. $50; being $685. 4667ss than the average Of
the three preceding years Seeing the imports for domestic
consumption for the last year $685. above the
former average. satisfied that the people cannot their
present embarrassed condition. pay for an import Of $780,
$500 which would be S42 3O5 54l more than was Dur
chased last year. aud 329 than the average Of
1914 ls45, and lS46. And yet this enormous importation
must be made in order to give Mr. Walker his $751; 600
Of revenue from customs. The principal reason why our i'm
ports large last year the famine Europe which
enabled TO send abroad 000 900 OF breadu and
visions than the preceding year but that has
passed away, and to infer that import S, 900
more than the average OF lS lS45 and S46 that the
famine has ceased, because imported $685. 466 more
than that average while the famine existed shows love of
the marvellous hardly consistent with financial calculations.
believe that the revenue from customs with any
ropney be estimated above $780, 900 for the year 84S
and TO obtain that import home consum-
ton S6l which than Sl2 700 600 above
the imports OF last and than the country sup
port In estimating the for the present year have
taken the last Imports and the basis though
that basis altogether favorable the Secretary Five
welhs OF the last year under the tariff of 1872 where
the rates OF duty were from five to ten per cent higher than
tariff
hmated by the Secretary, must in fact import larger
amount than have stated and the S26 500 900 which
have set down the amount 10 be received would in
quire import of more than O59 900 already stated
But as wish to be upon the safe sde have chosen adopt
the ratio Of the last year. If correct in my positions
S,50O 600 must be stricken from Mr. Walkers from
customs.
He estimates the revenue from the public lands at
900, which believe is at least 900 more than
can be realized from that The average income from
the lands for the last three years has been 26 and
there causes which must operate unfavoaby upon that
branch OF the BY the act of February IL lS47
provided that all soldiers who have served twelve months
in the Mexican have been killed in BATTLE have
been discharged in consequence of sickness incurred in the
SERVICE shall receive hundred and sixty of land
scrip to the amount of hundred dollars Some twenty
five thousand of these oes have been discharged and these
land warrants being issued large numbers and
warrants will absorb large quantity of the public ands and
divert the proceeds of the sales from the Treasury IL am
right in these calculations the at the end Of the
year will be materially affected The would then stand
thus:
Expenditures above the estimates. SOC, 900
Revenue from customs less than estimate. 500 900
Revenue from lands less than estimate. 800, 900
$4,000 900
Which sum OF s4 500 600 added to Mr. Walkers corrected
the 30th Of June and hence the loan,
including 49, 000 900 TO be left in the Treasury should be
S26, 900 instead OF Sic, 900, 600.
regard this part OF the subject important that beg
N Tread sho
that the mporaons for the last fiscal year, after deductng
the re-exportaons amounted Sl3s 53i $780, and that
this exceeded the of the three preceding years by
$685. 466 1885, IL must be manifest to every acquainted
with the laws OF trade that imports and exports for
res of years must nearly balance each other During
fiscal year our exports of domestic products amounted
$780, being $780, 362 s4s than the average for
the three preceding years But this consisted almost
entirely OF beadstus and PROVISIONS and occasoned by
the failure of the crops almost every part the
tnents The Secretary himself informs that the beadsu
and provisions exported during the last exceeded the
port Of the articles preceding year by SAL 33s 2s2
This fact confirms position that this large export from
the failure Of foreign crops This former exports
consisted not only in the increased quantity but also in the
increased price, but the improved harvest in Europe has
checked this export and have no expect that we
shall be able to send forth the quantity and the reduced
price will greatly diminish the value of exports In the
articles Of cotton and -four Alone the reduction Of price, even
the quantity was the same would reduce export several
millions.
This European famine not only increased our exports and
consequently our imports, but turned the balance OF trade
Sl2 l02 9S4 in favor But nothing faacous
than 10 reason from single year In 1887 actually
ported 81 600 worth Of breadsu; but it would be absurd
to argue from that fact that should continue TO import that
amount Equally absurd il to maintain that shall send
abroad s65, Of provisions and breadus annually,
because we did during the past year, when the famine
50 pinching in Europe that Government ships
laden with provisions charity the starving thousands
But we need not reason upon this subject We have facts
official and stubborn facts which show that the tide Of trade
already setting against The imports during the first
quarter OF the present fiscal year amounted to $50 $685.
while the exports amounted to only S37 937 9sl, showing
balance Of trade against us Of sl2, $685. which exceeds
the balance OF trade in our favor during the past year Of
S634 1884, The entire imports and exports for the whole half
year have not been received but have from Of
the principal cities, will be by the following tabular
statement
Imports info and Exports from Boston, Ne,c York. Phla-
diphia, and baltimore, for the quarters ending Sepem-
Der 80 and December 81, 1s47.
Imports for the quarter ending Spem Exports for the quartz
ber9 lS47. ensI;ng Ser, isA7.