The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1848-12-26
PRESIDENTS MESSAGE.
[coNTINuI p.l

frtt0D-cifiEens 81 The sSenate, ,ssas saaish
sAsii and House of Representatives;
The Secretary of,be treasury will pre-
sent in his annual report, a highly saiisfac-
tory statement Of the condition Of the fnan-
cos. -----
ioI'he imports for the fiscal year ending on
the Both of Juno last, were Of the value Of
$l5S ,077 ,676; Of which the amount expor-
ted was $2l, l,l2s,0l0, 4ea,ing $l33,s4e,-
S66 in the country. for domestic use.
The value Of The exports fosPtm same
psriod was $l54, ,os2, ,lsi, consisting sof do
mestic productions, ameuniipg ~ as$SlS2, 4
9H,l2i, and S9l, ,lssss,olS SRf foreign
,sThe rcceip,s into Tho II ! The
sano period, nexciusiyetof loan e'ptcd
70 S25, ,43o, $50 59; ( ofwhch ihsje Ssis de.
rived from customs $3I 1857 ,070 96; from
sales Of public lands, $3,32e,c42 Sc; and
from miscellaneous and incidental sources,
1851 ,O37 07. - bne {ilqpl9 i9 stolsaoa ad
Itwill be perceived tha. the ievenue from
customs for the last fiscal year exceeded
by S797,070 % the estimates Of the Secrc-
tafy Of the Treasury, in his last annualre-
port, and that the aggregate receipts during
the same period from customs, lands, and
miscellaneous sources, also exceeded the cs-
Inmates by the sum of $58S, $50 59-~indi-
casing, however, q very near approachn the
estimate TO the actual result.1 gsgio 3nDuf
The expenditures during the fiscal year
ending ON the Both June last, including
those for the war, and exciusvetof paymcn,
of principal and interest Of the public debt,
were S4x, ,Sll ,070 l08. 'iha'a#oi 7M X
tsItiis estimated that the receipts into the
Tfeasury for tbe fiscal year ending on the
30lh June, l649, including the balanccin the
Treasury on the lst of July last,will amountto
the sum Of. $57 7,04S,9S9 so; Of which
$32, 100000, il is estiInated will be derived
from customs;, S3,000,G00 from the sales.
OF public lands; and $i,200,0e0 from mis-
cciIancous and incidental sources, including
the premium on the loan, and the amount
l,aid, and 10 be paid into the Treasury on
account Of military contributions in Mexico
and the sales Of arms and vessels, and other
public properly rendered unnecessary 10 the
government by the termination OF the war;
and 500, 0,6S5. .435 80 from loans already ne
gofiated, including The treasury notes toun-
ded, which, together with The balance in the
treasury on tho Isl of July last, make the
sum estimated. .-,------ ----- ---
The expenditures for The same period, in,
cludng the necessary payment ON accounl
oi the principal and interest of the public
debt, and The principal and interest of the
first instalment due to Mexico on the 30ll
Of May next, and other expenditures grow
ing out uftho war. to be paid during the
present year, will amount, Including the re.
imLursement Of the Treasury Notes, to the
sutn Of $54, 1913, ,275 0G, leaving an esi-
aated balanoes in the Treasury, on the Is,
Of July, lS49, of S., ,o53,604 I'd. 9h dirol
u, The Secretary Of the Treasury will pre-
sent, as required by law, the es,i-
mates Of file receipts and expenditures for
the neat fiscal year. Tnc Expenditures as
estimated for that year, are $33,2l3, 1878
inanner.al Ii the thing cannot be done d.
rec,ly, be sure il cannot be done indirectly
The process Of sapping aud mining at
including $3, ,799, lo2 Is for the interest on
the public debi, and$8,000,540 for the
principal and interest due TO Mexico on the
8lst May, 1850; leaving the sum Of $685.
S74,050 IS, which, il is believed, will be
ample for the ordinary peace expenditures.
aI'he operations Of the tariff act OF 1916
have boon such during the pasly year as full
ly 70 meet tho public expectation, and to
confirm the opinion heretofore expressed, OF
the wisdom of the, change in. our revenue
sYstem, which was effected by it, the re-
coipts under it into the Treasury,2for the
first fiscal Jearafler its enactment exceeded
BY tho sum of $5,044.40309 the amount
collected duripg the last fiscal year, under
the tariff act Of l842, ending 30lh June,
1876. Il The total revonie realized from the
commencement Of the Operations on The Isl
Of December, 1916, until The close Of the
last quarter on the 30th Of September last,
being twenty-five months, was 500 1854 1868
794bemg n much la,ger sum than was
ever befos received from duties. during any
equal period undcrtbe tariff ut 1924, 4 S2S,
1882, 81 1912; whilst by tlicrcpeal ofhiglly
protective, and prohibtory dusies,lhe reyenuo
has been increased-lhc taxes on the peo-
PIE been diminished they have been re-
tieyedsfrom the heavy amounts, with which
they. were burdeped under former laws, in
the form of increased prices, or, bcunties
paid 70 favored classes and pursuits tf
The predictions Which were made, thai
the tariff &C, Of lS46 would reduce the
amount Of revenue below that collected un-
dertheI actiof AZ, and would proslrate the
business and destroy the prosperity Of tho
country, have not been verified. With an