Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1848-12-22
worth from twenty-five TO thirty thousara
dollars-that in the West from thirty 10 for,''
thousand.-RGl. Standard.
REPORT OF THE SECRETARY OF tn,
TREASURY.


1t would afford us pleasure to spread hi,
mastery production of Mr.. Walker before on,
readers, but our paper has so long been flsds
with heavy matter, and the financial oper,
tons of the government having been so fuUvH
discussed in the Presidents message, that W..
deem synopsis of the report will be all.
Sufficient on the present occasion =
The total receipts for the fiscal year ending
June Both, lS4S were a56,693 AZ.
Add balance in Treasury July lst ls47, i,7OIg
Total means, 5s39l,7O !.
Expenditures during same period, So 2jI MI
Balance in Treasury July LIST, ls4S, sI5353I
Estimated receipts to Both June, ls49, inclu.
ding ding the he, above " balance, 57,O4S,sss
PERIOD 54,ls527s.
Balance in Treasury July LIST. le4s, s2,853 ,09I
The Secretary carries his estimates 10 3ObE
June, 1850, giving the receipts at s3s,253.
1904, and the expenditures at S33,213I52
leaving balance in the Treasury on the Isl
July, 1850, of s5,O4O,542. unless new and
extraordinary expenditures are authorized H.
Congress- (says the report,) mo further loan.E
will be required, and the public debt NAV h.
reduced
In reference TO our acquisitions on the pa.
scifc, the report says
Distant now as are our possessions un.
on the Pacific. if we would desire to extend toE
$ them the benefits and blessings of the Amer.
can Union, and unite them with us in the
bonds of an -augmenting commerce and
intercourse, there is at present nothing bull
steamships that can perform these important
Sduties, i'll ConneXion with a rail road across
athe lsthmus of Panama. Such a road would
always be useful for our trade from the Allan.
3tic and the Gulf with the western coast Of
4 America, and at least for heavy products with
I Asia, and especially with that portion of il
near to or south of the equator, with the Is.
Hands in the Indian Ocean, and with Austria
1 liza, even if at some distant period a rail load
s should unite the Atlantic, the Gulf, and the
9 mississippi with our harbors upon the Pacific.
THAT such road will be made at some future
9period, upon the most practicable route, is moi
4doubted, although, from the time and capital
Arequired, its completion unfortunately may be
8 remote, but the rail road which private enter.
Ezprize could build within year or two across
Sthe Isthmus would answer all our present pur
opposes, and would at once bring New York
awithin ten days of the Pacific. and within thir,
Ety days of China, and New Orleans sill near.
Her, maintaining also the important commnnicaj
Etion between our own harbors on the Allan
'A:ic, the Gulf, and the Pacific"
"a The report recommends the appointment Of
aConsuls at Chagres and Panama reciprocal
Afree trade between the Canadas and the United
Estates, in all articles OF the growth, manuiac
Sture, or production OF either country-and al
so similar reciprocity with Mexico.
A new department is recommended TO b.
Established, to which shall be confded varon
duties now performed by the Treasury, Stat
L and War departments The new departmer
Ito be confided to an individual TO be knowna
the Secretary of the Interior.
u II appears that the whole public domain VI
Msold amounts to 1,442, 217 1897 acres, which
ISat the present minimum price of 81 25 pei
Rcre, would make an aggregate value of 81
E802, TIP ,296. AT 25 cents per acre, the
Awould bring $500, 554,459. This fund ii
MSecretary considers fully adequate to the da
Scharge Of the public debt before maturity
sThe following is the concluding paragraph
Mthe report:
b "The various recommendations OF this, N
MIast financial report, are respectfully submittt
nto the enlightened consideration of the tw
SHouses of Congress. They are believed to
MSuch as would best promote the true intere
Eaof the American people. For them and f
Mmy country, and her glorious confederacy
asovereIgn and united States, invoke the CO
iMtinued blessings Of Heaven. May the UnD
ttNbe harmonious, progressive, and perpetual
MMay her course be one of honor, peace, an
8gory-of equity, justice, and good faith Nay
Eeach successive administration, in all tim. d
Acome, in faithfully discharging the ardna(
Mluties of its exalted trust. receive the suPPO'
land appreciation OF the people! Guided BY
Econscious rectitude, may they be commende
Hand sustained in every effort to promote th
@publc good, and even their errors, which ar
i. Mthe lot of humanity, be regarded with indul
sMgence, and overruled by henignant Prov
nMience for the advancement of the happnes
and welfare of our beloved country"