The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1850-12-10
NUMBER SO.

10 the Government oil The United States,
have no, yc, been received. As ii is pre-
sumeG that those documents will be essen
iia for the correct disposition Of the claims,
it may become necessary for Congress to
extend the period limited for the duration
Of the commission. The sum stipulated
by the 4Ih article Of the convention to be
paid 10 the Government has been received.
The collection ia the ports OF the United
States Of discriminating duties upon the
vessels Of Chill aud their cargoes has been
suspended pursuant to the provisions Of
/ the act of Congress of the 2i'h Of May,
1928 1t is 10 be hoped that this measure
will impart fresh impulse to the commercd
between the two couRlries, which, oi late,
and especially since our acquisitions cI Cal
ifornia, has, to the mutual advantage Of
/ the parties. been much augmented.
Peruvian tuano has become SO desirable
an article to the agricultural interests oi
the United States, thst it is the duty OF The
Government to employ all the means prop
erly in its poNer for the purpose ol causing
that article TO be imported inio the country
at a reasonable price. Nothing will be o.
nilted on my part towards accomplishing
This desirable eud. am persuaded that
in removing any restraints on this traffic, Tie
Peruvian government will promote It's own
best interests, while it will afford proof of
ii friendly disposition towards this country,
which will be duly appreciated.
The treaty between the United STATES
and His Majesty the kmg Of the Hawaiian
Islands, which has recently been mace
public, will, ii i, believed, have beneficial
effect upon the relations between the Two
countries.
The relations between those parts of the
Stands of ST. Domingo, which were for
mcry colonies OF Spain and Franre, re-
specti>cll, are still IN IN unsettled rondi-
ton. The proximity Of that Island 10 thc
United Sn:cs, aud the delicate questions III
The existing controversy there, render /,
desirable that il Should he speedily adjust
menl. The interests Of humanity and Of
general commerce Il SO demand this; and
is inlimalions Of lhe same sentiment have
been received from other Governments. il
is hoped that some plan may soon be
I devised 10 effect the object in
manner likely to give general satisfaction,
The Government Of the United States will
. not fail by the exercise oGall proper friend
y Offices, 10 do all in its power 10 put all
eud tU the destructive war wlichhas ragged
; between the different parts Of the Islands,
and 10 secure 10 them bulh the benefits oi
Il peace aud commerce.
= refer yuu TO the report Of the Secretary
l. Of the Treasury for detailed statemen, of
The finances.
. The total receipts into tho Treasury, lor
- The year ending 30th June last, were forty
seven million four hundred and tweniy zone
thousand seven hundred and forty shl dol
lars and ninety cents, (Sl1421,74S 9O)
" The total expenditures during the same
1t period were ioriy.thrce million two thousand
e one hundred and sixty eight dollars and
d ninety cents (Si3,oo2, ,l63 9O)
it The public debt has been reduced, since
c the last annual report from Treasury De-
partment, four Hundred and ninety FIVE thou
sand two hundred and seventy six dollars
and seventy nine cents, (Si95,27G 79.)
BY the l9,h section Of the act of 2S,h Jan
uary, 1917, the proceeds Of sales of public
o lards were pledged for the interest and prin =
r cipal OF the public debt The great amount
e Of those laI.ds subsequently, granted by
Congress for mi li;ary bouniies will, it is he
+ lieyed, very nearly supply the public de-
II mand for several years 10 come, and bet lit
tie reliance can, therefore, be placed Oh that.
hitherto fruitful source of revenue.
' Aside from the permanent annual expen-
diiures, which have necessarily largely in
At creased, a portion Of the public debt, d
n mounting to 'ght million seventy five thou
!, sand nine hundred and eighty six dollars and
d fifty nine cents, (SSO75,9S6 59) must be
proYsel for within the next two fiscal years
:, 1t is most desirable that these accruing de-
mands should be met without rcsorting TO
new loans.
. All experience has demonstrated the Wis
: dom and policy of raising large portion of
/ revenue, Cor the support Of Government from
Il duties on goods imported. The power 10
il lay these duties is unqucsIionabe, and its
# chief object, Of course, is 10 replenish the
Treasury. Bat If, in doing this, an incident
al advantage may be gained by encouraging
the industry OF our own citizens, it is our
duty to avail ourselves CT that advantage.
" y duty laid upon an article which cannot
IS be produced in this country-sueh as tea or
y cofrc--adds to the cost Of the article, and
is chiefly or wholly paid by the consumer
r But duty laid upon an article which may
be produced here stimulates the skill and in
= dusry Of our own oouatry to produce the
same article which is brought into the mar
kei in competition with the foreign article,
;! and the importer is thus compelled to reduce
al Lis price to that, at which the domestic ar-
:, ticle can he sod, thereby throwing part
ri of the duty upon the producer of the for
;, eign article The continuance Of this pro.
10 cess creates the skiI aad in,iles the capital
n which finally erable us to produce the arti-
i clo much cheaper than it could have been
, procured from abroad, thereby bcnefitins
botl tho mr. ,hnrer and the cousun,nr nj home