The daily crescent., 1848-12-14

The receipts the Treasury for the period exclu
was derived from Customs ss 757 DO g6 from sales O
public lands. s332s 6l2 56 and from miscellaneous and
| incidental sources, S351, OBJ o..
II will be perceived the from customs for the
Secretary Of the Treasury his last annual report and thai
the aggregate receipts during the periods from customs
by the Of $596 $50 59-ndcating however, very
! approach in the estimate to he actual result o.,
The expenditures during the fiscal year ending the 30h
Of June last including those for the war and exclusive Of
payments Of principal and interest for the public debt
Isemated that receipts into the treasury the fiscal
in h asnrv the of July last viii amount to the sum
of sol Gag 99 so of which 0o0 it is estimated will
lands and Ii Scoo05 from misceaneous and incidental
sources including The premium upon the loan and the
military contributors in Mexico, and the sales of and
vessels and other public property rendered for the
Of the government By the termination of the war and
go 5 432 co. from loans already negotiated including treas
treasury G on The st Of July last make the sum esfimsed
% @ o o5 ae ~ Sde he c snd e % I
public debt and the principal d and ID interest Of the first install
present year viii amount, including The reimbursement Of
treasury notes TO the sum OF $54 5 O5 leaving e.
maled balance IN the treasury on the lst Of July IS9 of
The expendsuves as estimated for this next year. are s3s
2352 73 including SO 799 02 8 for the interest the
to Mexico on the s0h Of May 1880 leaving The sum Of
$a2o4O5O % which, 1t is believed, will be ample for the
ordinary peace expenditures.
THE TARIFF.
The Tariff act of 1916 is commented upon, and
ifs beneficial effects spoken of in terms of approba-
ton. The receipts from it for the first fiscal year
after its enactment exceeded those of the last fiscal
year under the Tariff of 1912 by S., ,O44, ,403 SO.
The total revenue from its operation up to the Both
of September, being % months, was $50, ,654, ,563
70, being much larger sum than for any equal
period under the Protective acts of 1924, 1923,
1882 and 1912.
sHR-EREAsuRy-
The operations of the Constitutional Treasury established
by tire act Of the 9th of August 1916 in the receipt custody
and tbgemeat Of the public money have continued to
successful Under this SYSTEM the public finances have been
carried through foreign involving the necessity Of loans
and extaonay expenditures and requiring distant
es and dbaI emens without embarrassment and no loss
h7s occurred Of OF the public money deposited under its
PROVISIONS bile it ha proved be safe and useful TO the
business of The county It has tended powerfully to cure
an exempon from that initiation aud uctuatOn of the
currency 80 injurious to domestic industry, Rnd rendering
iate rewards Of abOr-and believed has largely
eommeca revaon such rs oen ocearlei under be bank
deposie system In the S4 there great sion
inthe business of Great ain and in ensty
whicn followed By failures that king gdom unpecedent
ed in number and amount Of loses.
BRANCH MINTs = MILITARY CONTRIBUTION
INDIANS.
The establishment of Branch Mint in the city
of New York is again advised, and also the grad
uation and reduction of the price of public unsold
lands which have been in the market, together
with the extension of the preempti6n rights of
actual settlers:
Ofthe military contributions collected in Mexico the
Of seven hundred and sixty nine thousand six hundred and
fifty dollars was applied towards the payment Of the first in
stament due under he treaty with Mexico The further
sum Of three hundred and onyX thousand three hundred
treasury and unexpended balances still remain in the hands
OF disbuTng officers and thOse who engaged in the
collection OF these moneys.
Our Indian relations are presented in very
favorable light WIthin the last four years eight
important treaties have been concluded with differ
ent Indian tribes
MAIL FACILITIES.
The contracts for the transportation of the mail BY steam
ships convertible into waseames promise realize all the
DstSd Tt ~ ft au 70 .s navy s - "llch l were anc
was launched in yanuary. 1S47.
The increase of the mail transportation within the list
three years has been $40 miles, wh the expenses
Idnced S456 making incTesse of service at the
9 10 per cent ana Iedneon n the expenses OF more han
amounted TO $437l0, e,eding the annual average
eGVed & s m hns years ImIeds5sy pre- edng the gassee Of
of June, 1917 by the sum Of s4S5 ls4, -
allowed by Congress at its last session to individual claimants
and the sum OF sO 1o psd of te services OF the
70 S4l96e45 which essthan the annual average for the
nine previous to the act of 1875. BY s3C0,74S
TARIFF-fMPRovEMENTs, ETC.
The President then proceeds to review the Bank,
the Protective Tariff and Internal Improvements by
the General Government. He considers al of them
IACAHodiOiAt QdU96-
rous. The history of the Bank and Tariff ques-
tons are reviewed at length, and upon the subject
Of internal Improvements, he says;
entertain the solemn conviction that if the erna i'm
proyement branch Of the American system" be not fmly
re std at this time the whole series Of composing
from her present high state o. posperity which existing
policy has produced and be encd again witness all the
mary embamas mens through which have passed during
10 guard against cOpse0uenf ruinOus obecf
nigh national importance involving in my Judgment the con-
have felt it to be an imperative Obligation to withhold my
constitutional sanction fom two bills which had passed the
nal ofthe American sys.em and copdiet1g
in their p DIVISIONS with the views here expressed
THE VETO POWER.
He then argues the question Of the Veto power,
which he contends is a high conservative power
placed in the Constitution to protect the Tsople
against legislative encroachmentq, and is also a
check upon hssty and inconsiderate exercise Of
the law-making power:
It tsays helm pOat of fret untrue that an Get passed
the popular viii majority OF The whole n1 ber elect
TO each House of COngTesS constitutes quorum, and it
might happen that quorum of the House Of pe9e enta-
tyes consisting of single member than half of the
whole number elect to that House. might PASS bill by
than oneouh OF the people OF the United States would
be represented by those who voted for it. Il might happen
that the same bill might be pa sed by majony ofone OF
quorum Of the Senate composed Of senators from the
nit smaller Stat1 single senator rom sixteenth
State and if the voing for it happened be from
the eight Of he smallest Of these States woud be passed
by The Of senatOs from States having but fourteen
TeDTenfatv in the House Of Repre- enatiyes, and
telning cs than Onesyteenth OF the whole population
Of the Unitd States. This extreme is stated 10
illustrate the fact that the passage OF blu By Con-
geas is conclusive evidence that thoe who ed it
sent the majority Of the people of the United Sate
truly reflect their will Ifsuch extreme is not likely
TO happen that Approximate M OF slant occur
renee 1T believed that not single law he's been passed
SIN the adoption of the Constitution upon which al the
members elected 20 both Houses have bgea present and
Eotd Msn7 Of the most important acts which have passed
nave besn carried by close vote m hn bou es
aahy instance Of this might be gwen. Indeed, OuT
Peieee PROV that many Of he most impo ant acts Of
oeie arc 20 ponrd TO the last days and Offen the last
tO1s o. &C. On when they disposed Of in haste, and
quorum
u dc in mo Of the Staes the members of the House Of
hepfenttvc are e7s en- by pureiC and not by maI0I-
e OF 2 the voters IN their especiivs districts. and Il NAV
happen that majority OF that House may be returned By
minority. - - - -