Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1848-12-09
STJNBURY AMERICAN AND SHAMOKIN JOURNAL.


fering with the question the people of these
territories will be left free to adjust it as they
may think proper, when they apply for ad.
mission as States into the Union.
mo enactment Of Congress could restrain |
the people of any of the sovereign States Of
the Union, old or new, North or South, slave |
holding or non-slaveholding, from determin-
ing, the character of their own domestic in
stitutions as they may deem wise and proper,
any and all the States possess this right, and
Congress cannot deprived them of il.
ITf the whole subject be referred 10 the ju-
dietary, all parts Of the Union should cheer
fully acquiesce in the final discretion of this
tribunal1
He recommends the Mineral lands to be
sold in New Mexico in small quantities
So far from entertaining apprehensions OF
injury to our system by the extension of our
territory, the belief is confidently entertain
ed that each new State gives strength and an
additional guaranty for the preservation of
| the Union itself
! THE liquidation of American claims against
Mexico is recommended.
By the ratification of the treaty Commits
sioners are to meet at San Diego on the 30th
OF May, 184S TO run the boundary to the
mouth of the Del Norte.1
1.-The Indian War in Oregon is referred to. No
authority having been granted to raise troops
orders were given to the Squadron on the
Pacific to afford assistance. The cause of
the difficulty is delay of the U. States on ma
King triling compensation of few thou
sand dollars in presents, for the land.
The Secretary of the Treasury will present
in his annual report a highly satisfactory
statement of the condition of the finances.
The imports for the fiscal year ending on
the 3Oth of June last were of the value of
$154,977 ,s76, of which the amount exported
was $2l l2S, ,Ol0, leaving S133,S49,S66 in the
country for domestic use.
The value Of the exports for the same Pc
riod was 1854, ,032, 131, consisting of domes-
tic productions amounting TO l32,904, l2l, and
81, 12s, ,010 dolls, of foreign articles.
The receipts into the treasury for the same
period, exclusive of loans, amounted to 35,-
436,75O dolls, and SO cents; of which there
was derived from customs 31,757,070 dolls,
and SO cents from sales of public lands, g.
32S, ,642 dolls, and Sc cents; and from misce-
laneous and incidental sources ISL, ,037 dolls,
and cents.
1t will be perceived that the revenue from
customs for the last fiscal year exceeded by
757, ,O7O dolls, and SO cents the estimate of
the Secretary of the Treasury in his last an
nual report; and that the aggregate receipts
: during the same period from customs, lands
and miscellaneous sources, also exceed the
estimates by the sum of 536,750 dolls, and
) SO cents-indicating, however a very near
approach in the estimate to the actual result
The expenditures during the fiscal year
ending on the 3Oth of June last, including
those for the war. and exclusive of payments
of principal and interest for the public debt,
were 42,S11,9 $40 dolls, and three cents.
, 1t is estimated that the receipts into the treasu-
ry fer the fiscal year ending on the so. of June
ls49, including the balance in the treasury on the
first of July last, will amount to the sum OF 81 ;
Ois,969 90; of which S32, 100000, it is cstima-
ted, will be derived from customs; three millions
of dollars from the sale of public lands; and one
million two hundred thousand dollars fiom mis-.
t ccaneous and incidental sources including the
S premium upon the loan, and the amount paid and
, to be paid into the treasury on account of military
contributions in Mexico and the sales of arms and
vessels and other public property rendered unlte
cessary for the use of the government ty the ter
E mnation of the war; and s $2O,695,435 80 fol
loans already negotiated, including treasury notes
, funded, which, together with the balance in tho
treasury on the l. of July last, make the sum csti
mated,
. The expenditures for the same period, including
the necessary payment on account OF the prlnci
pal and interest of the public debt and the princi
: pal and interest of the first nstalmcnt due to Me
xico the 80. of May next, and other expendi
-. lures growing out of the war, to be paid during
the present year, will amount, including the REIN
burscmen of treasury notes, to the sum of 54 95,
275 06; leaving an estimated balance in the trea
sury OH the l. of July, ls49, of 2,s53,694 "a cts
| The Secretary of the Treasury will present, a
required by law, the estimate of the receipts ant
expenditures for the next fiscal year. The expen
dtures estimated for that year $33,2l3,l Is:
73 cts. including 3,799,lO2 IS for the interest
the public debt, and $3,54O,OOO for the princpa
J. and interest due to Mexico on the so. May, 1850
leaving the sum of 25,s74,O5O S5; which, it is be
lieved, will be ample for the ordinary peace expen
ditures.
Y The operations of the tariff of 1916 have beel
4 such during the past year fully to meet the pub
lie expectation, and to confirm the opinion hereto
fore expressed of the wisdom Of the change in on
t revenue system which was effected by it The re
ceipts under it into the treasury for the fiscal yea
i after its enactment exceeded by the sum of s 5,44
4 403 90 the amount collected during the last fisca
year under the tariff act of 1912, ending the 30
!. June lS46. The total revenue realized from tn
. commencement of its operation, on the !. of Dec
1885, until the close of the last quarter, the sc
a Sept. last, being % months, was $50, ,654 ,563
: being a much larger sum than was ever befor
received from duties during any equal period unde
y the tariff acts of 1924 1928, 1882 and ls4.
: Whilst by the repeal of highly protective andprc
hibitory duties the revenue has been increased tn
v taxes on the people have been diminished. The
l. have been relieved from the heavy amounts wit
g which they were burdened under former laws i
the form of ncreasd prices bountes paid to "a
e vored classes and pursuits.
The predictions which were made, that the tari
!. act of 1916 would reduce the amount of revenu
a below that collected under the act Of 1912, an
l. would PROSTATE the business and destroy the pros
70 pery of the country, have not been verified Wit
am increased and increasing revenue, the finance
1t are in highly fourishing condition. Agriculture
m commerce, and navigation, are prosperous; tn
prices of manufactured fabrics, and of other prt
p ducts, are much less injurioesly affected than
h to have been anticipated, from the unprecedente
e revusions, which during the last and the preser
e year, have overwhelmed the industry and paral,
is zed the credit and commerce of many great an
<. enlightened nations of Europe.
v. Several commercial revulsions abroad hav
always heretofore operated to depress, an
le often TO affect disastrously, almost ever
ID branch of American industry. The tempora
ID ry depression of portion of our manufactul
IS ing interests is the eject of foreign causes
le and is far less severe than has prevailed o
LII r n