Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1850-12-07


within the time which it prescribes. The
documents, however, which the Imperial Gov
eminent, by the third article of the conven-
tlon, stpulaies to furnish 10 the Government
OF the United States, have not yet been recei-
we'd. AS it is presumed that those documents
will be essential for the correct disposition ot
the claims, it may become necessary for Con-
gress 10 extend the period limited for the du-
ration of the commission. The sum slipula-
ted by the 4ih article of the convention to be
paid TO this Government has been received.
The collection IN the port Of the United
States ot discriminating duties upon the ves-
sells OF Chill and their cargoes has been sus-
pended, pursuant TO the provisions of the act
OF Congress of the 2lih Of May, 1928. 1t is
TO be hoped that this measure will impari a
fresh impulse 10 the commerce between the
two countries, which, of late, ahd especially
since our acquisition OF California, has, to the
mutual advantage of the parties been much
augmented.
Peruvian guano has become so desirable an
article TO the agricultural interest of the Uni
ted States, that il is the duty of the Govern
ment TO employ all the means properly in its
power for the purpose of causing that article
10 be imported into the country at reasona-
BILE price Nothing will be omitted on my
part towards accomplishing this desirable end.
| am persuaded that in removing any re-
straints on this traffic, the Peruvian govern
ment promote its own best interests, while it
will afford a proof of friendly disposition
towards his country, which will be duly ap-
preciated.
The treaty between the United States and
His Majesty the King of the Hawaiian Islands,
which have recently been made public, WILL
II is believed, have beneficial effect upon
the relations between the two countries.
The relations between those paris of the
Island of ST. Domingo, which were formerly
colonies of Spain and France, respectively, are
still in an unsettled condition. The proximity
of that island to the United States, and the
delicate question involved in the existing con-
troversy there, render it desirable that it
should be permanently and speedily adjusted.
The interests OF humanity and of general
! commerce also demand this and, as inlima-
lions OF the same sentiment have been recei.
we'd from other governments, it is hoped that
some plan may soon be devised to effect the
object in mapner likely to give general sat-
isfaction.
The Government of the United States will
not fail, by the exercise of all proper friendly
offices, to do all in lis power 10 put an end to
| the destructive war which has ragged between
the different parts OF the island, and 10 secure
10 them both the benefits of peace and com.
merce.
refer yon 10 the report of the Secretary OF
the Treasury for a detailed statement of the
| finances
The total receipts into the Treasury for the
year ending 30lh of June last, were forty
seven million, four hundred aud tweniy-one
thousand seven hundred and forty-eight dol
lars and ninety cents, (S47, ,42l,74s 9O.)
The total expenditures during the same
period were forty-three millions two Thousand
one hundred and sxty-eght dollars and ninet,
cents (S43,O02, 1913 9O)
The public debt has been reduced, since
the last animal report from the Treasury De-
parlment, -four hundred and ninety-five lhou
sand, two hundred and seveniy.six dollars anc
seventy-nne cents, (S495,276 79.)
BY The 18th section of the act of 2Sih Jan
uary, lS+7, the proceeds of the sales of the
pubic lands We're pledged for the inleres
and principal Of the public debt. The grea
amount of those lands subsequently, granted
by Congress for military bounlies, will it il
believed, very nearly supply the public de
mand for several years to come, and but little
reliance can, therefore, be placed on tina
hitherto fruitful source of revenue.
Aside from the permanent annual expendi
lures, which have necessary largely increased
portion of the public debt, amounting
to eight millions seven,y-hve lhonsant
nine hundred and eighty-siN dollars and fifty
nine cents (SS,075 ,9S6 59) mnsi be provided
Tor within the next Two fiscal wears
is most desirable that these accruing demand
should be met without resortlng 10 new loans
All experience has demonstrated the wis
dom and policy of raising a large portion o
revenue for the support of Government from
duties on goods imported The power 10 la,
these duties is unqueslinnabe, and It's chic
object, of course, is 10 replemsh the treasury
Bnt if, in doing this, an incidental advaniae,
may be gained by encouraging the ndusrr,
OF our own citizens, it is our duty TO avai
ourselves Of that advantage.
a duty laid upon an article which canno
be produced in this conntrv-Such as tea o
coHee-adds 10 the cost of the article, and i
chiefly OF wholly paid BY the consumer
But duty laid upon an article which may b.
prodnced here, stimulates the skill and indus
try oi our own country 10 produce the SAM
article, which is brought into the market il
competition with the foreign article, and tn
importer is thus impelled to reduce his pric
TO that, at which The domestic article can b
sold, thereby throwing n part of the dul
upon The producer of the foreign article.
The continuance of this process creates III
skill, and invites The capital, which final
enables us TO produce the article much cheap
er than il could have been procured tIon
abroad, thereby beneftiing both the produ
Ger and the consumer nj home. The conse
quence of this is, that the artisan and the az
Ticulnrst are brought together, each afford
a ready market for the produce of the Other
the whole country becomes prosperous am
the ability 10 produce every necessary of lf
renders us independent in war as well as i
peace.
high tariff can never be permanent.
will cause dissatisfaction and will be changed
II excludes competition, and thereby invite
the investment of capital in manufactures I
such excess, that when changed i, brings dis
lress, bankruptcy, and ruin, upon !alI VIII
have been misled by It's faihless protection
What the manufacturer wants is unilormt
and permanency, that he. may feel conf
, dence that he is not 10 be ruined BY sudde
changes. But 10 make tariff uniform an
permanent, it is not only necessary that III
law should not fiuclnaie, To effect this, a
duties should be specific, wherevar the ma
tnre of the article is such as 10 admit of il =
Adj valorem duties hnciuaie with the price