The Mississippi Creole. [volume] (Canton, Miss.) 1841-1851, 1849-01-05

The Treasury Report.
From he New York Courier and Eaqui-
rcr
The Total resources Of the year, ih1iadipg
a balance Of Sl70t.g5I on banda iis spm.
mencemeni, we're S5s,3s4 ,7Ol-lhe total ex-
penses S58,24l, l69-showing a balance in
the Treasury Of sl5s,594 Al the close d
next year il is estimated that here will be
on hand a balance Of S2,s5S'6s4-iq 1850
it is put al S5,O5O,542.
The Secretary states the average annual
revenue under The Tariff Of 1912 at S23,895-
2O8-lhat under the Tariff Of 1916 at $4,000
400. He then proceeds TO point out the bad
consequences that would have followed the
continuance Of the TariF Of '42, and the dis
%tribution Of the proceeds Of the sales Of the
public lands. - ha8af
orr exports or braadsufs during the ven 7
amounted 10 s37,472,75I-doubIe the amount
exported under the Tariff, Of AZ. Our ton
mage also increascdfrom 2 ,839,O46 to 3,l50,5O
tons. &.
Mr.. WALKER refers to The revuIslons OF En-
rope, which have injured our trade, and then
enters upon m elaborate yindicalion Of Free
Trade principles, in opposition to those Of
protpctio enforced by The example Of the
several States Of The Union, among which free
trade prevails. A large section Of the report
is occupied with this argument which isskill-
L -. pew s-Ht N
full and plausible, though not particularly new.
The repeal OF the British Corn Laws is attrib-
uted TO our arguments.
a Gutter has been sent 10 Oregon to enforce
the revenue laws there. No duties can be
collected in California as yet. Il is recon-
mended that other collection districts on the
Pacific Coast be authorized. Reference is made
TO the facilities for commercein the Pacific
to The propriety of sending steamers there, and
to the great desireableness Of a Railroad acr oss
the Isthmns o Darien.
The secretary recommends that an act be
passed allowing goods to be taken across the
Isthmus to our Pacific ports, The same as from
me port TO another on the Atlantic Coast.
ConsuIs are needed at Chagres and Pana.
ma. R'0.
Drawback sho ID be allowed on goods OK
ported by the Rio Giunde.
"A variety Of suggestions in regard to our
trade in these new possessions arc submit tied .
Reciprocal free trade between Canada and
Mexico and the United States is recommend
ed.
The Mexican tariff imposed upon Mexico du-
ring the wal greatly increased our means, and
set a salutary example to beeligerents in future
wars
The Secretary st .ongly .renews his recon-
mendation for a branch mint in the city of
New York. II is urged as necessary IN order
to secure to the city command Of her due pro-
portion Of coin. The storehouse Of the goods
of the union, he says, must become the store
house Of its specie.
The department since March, 1916, has
coined at our mints the sum Of $685. IN, 709.-
Much more would have been coined, had there
been o branch mint at New York, The branch
mint would nlao greatly aid the operations Of
the assistant treasu ,er, .. ....
The merchants Of New York, from January
l., l847, to November 30, l848, paid $685. 800
678, for duties. The ameuu7 Of specie receive
ed during the sam period by the assistant treas
nrer al New York at was S57, 328,369, and The
coin diSbursed S65,496,269.
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The Sub-Tr6asury system is yindicated as a
gainst the State Bank deposite system.
The transactions in regard to the loan o
$l6,OOO,OOO In March last was detailed
The whole premium obtained was S487, 1863.
The public debt has been punctually paiC
Whenever It became due. Statements are mad,
showing that this has been done at every peri,
cd Of our history.
Our present debt is about S65, 304,450,-
less than half the annual interest on the publ,
debt of Great Britain.
Our whole public domain unsold amounts
to l,442,2 2 1887 acres.
The Secretary advises that power be givel
the department. to purchase all the public deb
exclusive OF the treasury notes without pre-
MUM, and also to purchase Ct the marke
. rate any portion of the rest Of the debt. DE-
: tails are given Of the purchases already made
? Reasons are given why the debt should be dis
! charged as rapidly aspossible.
The coast survey is making, rapid progress
, Six sections Of coast have been surveyed an
and six shoals have been discovered.
Improvements to our Light House syster
are urgently recommended.
New standards for weight and measure pn
the adoption Of the decimal system urged.
A Scientific Commission is asked to surve
the mineral lands Of California.
The Warehousiug System is reserved for
!. special report. Its progress has been success
full and satisfactory.
The Secretary makes some suggestions col
!, corning the organization of the Treasury D,
partment, the separation of it from the Ian
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