Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1848-12-29
Fran Nears Saturday Gazette.
The Treasury Report.

FTom NeaIS Saturday Gazette.
The Treasury Report.
/ The report opens with a statement Of the re-.
ccpls and expenditures for the fiscal year end.
ing June 3Oih, l848. The receipts from. pub
ljc lands, loans, and all other sources. amount
10 s58,394,1Ol 81; the expenditures to s58, GAL.
. l67 24 leaving balpnce in the Treasury, July
. lst, of Sl53. .534 60. These statements. topelh.
er with those Of the estimates for the current
fiscal year, have all been embodied in the Pre-.
sidenl's message.
/ comparison Of the amount Of revenue under
the present tariff, with that received under the
tariff Of 1912, is made; By which il appears that
the annual average under the present law is
said TO be S7,C07. .28O 96 more than under the
former. Following this, is long and elaborate
argument in favor olIow dulies, and opposed 10
lhe protective system, which The Secretary de.
nouuces as "ugrarian," aud "a war upon pro.
perry"
The report then goes on 10 speak Of the coas,
surveys on the Pacific, and recommends that
collection districts be established at San Diego,
Monterey, Puget Sound, and San F.ancsco.--
The immense commerce that is expected to a.
rise between our Pacific coast and The Asialic
nations is referred to, and for the sake of our
commerce as well as our revenue, a number Of
additional steamships is recommended for use
on that ocean, as we'll as on the Atlantic and the
Gulf The importance Of fostering our com.
merce with Asia is also urged as il will be the
precursor Of Christianity among her heather
nations; and in lhesame paragraph, the Secre-
tary refers TO the immense wealth that would be
added TO our commercial population.
Some additional Legislation is recommended
in regard 10 the passage of our fabrics across
The lslhmus Of Panama; and to prevent frauds
on the revenue, the appointment Of agents or
Consuls for Cbagres ami Panama is recommend
ed.
The Secretary renews his recommendations
for reciprocal free trade between the Canadas
and the States. Reciprocal aud unrestricted
lcommerce between our Republic and Mexico
is also recommended, and The prospect held
out that ii will soon be brought about.
Branch Mint in the city of New York is
again strongly urged upon Congress, and num-
Der Of statements are made 10 show the neces-
sity for one.
The loan Of &I6,OOO,OOO, authorized by the
act Of 3ls March is referred to, and The amount
Of premium Obtained lorV is given at S407 1853
&c. The public debt for each year from 1890
down to l848 is referred to for the sake Of COM
porison, and the result is highly favorable to the
present condition Of our finances and resources.
The public debt at the present tine, including
the loan yet to be paid IN, is S65,278,45O Al.
! The public lands amount TO l,442, eli ,339
acres, worth, at $l.25 per acre, 81 ,802, ,772 ,29G
! Regarding them, however, as worth only %
cents per acre, their value is $500, ,554, ,459.
! Some former recommendation in regard to
Government Stocks, Bounty Land Scrip, &c.,
are renewed, The Secretary recommends that
the Department be authorized 10 purchase at
market rates, any portion of the public debt of
S28000,000 of the act Of 28lh January, I847.
A purchase Of this kind TO the amount of $780,
900, was recently made under authority of the
! Department, by the Collector of New York.
The CoasI Survey has been carried on with
zeal and effect in the past year, and important
discoveries have been made in the character of
the coast and in the various currents. Improve
ments in the Light House system are recon-
mended. Improvements in the standard system
Of weights and measures are also suggested
grant of section of land in everU quarter
township of Oregon, New Mexico and Calilor-
MIA, for purposes OF education, is strongly urged.
The Gold Region of California is referred to
and the establishment of Branch Mint at San
Francisco, is very strongly urged upon Con.
gress. scientific commission to make geo.
Logical survey of the territory is also recom-
mended.
Aspecial report on the Warehousng System
! is promised. In the meantime il is stated that
the value of foreign goods warehoused, from
August 1916 to Sept. 30lh l848, is about $44,-
100000
Some Improvements are recommended in the
organization orlhe Treasury Department which
it is not necessary TO desdribc here. The re-
port closes with an earnest prayer for the con-
tinuance ofthe prosperity that already has SC
signally blessed US.