The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1850-12-11
WOODsFIELD, OHIO, WEDNESDAY, DECEMBER II, 1850.


| of the convention, stipulates to furnish to
/ the government Of the United States, have
not yet been received. Asit is presumed
that those documents will be essential fol
| 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
i fourth article of the convention to be paid
to this government has been received.
i The collection in the ports of the United
States of discriminating duties upon the
I vessels OF Chill and their cargoes has beer
suspended, pursuant to the provisions O.
the act Of Congress of the Gath of May
! 1928. tits to be hoped that this measure
will impart fresh impulse to the com.
merce between the two countries, which
of late, and especially since our acquisi.
ltion Of California, has, to the mutual ad.
vantage of the parties, been much aug
mented. u h 4l
| Peruvian guano has become so desirable
an article to the agricultural interest Eol
the United States, that 1t is the duty of the
| government TO employ all the means prop
erly in its power for the purpose Of caus-
ing that article to be imported into the
country at reasonable price. Nothing
will be omitted on my part towards ao-
complishing this desirable end. am per-
suaded that, in removing any restraints
on this traffic, the Peruvian government
will promote its own best interests, while
it will afford proof Of friendly DISPOSE
ton towards this country, which will be
duly appreciated
The treaty between the United States
and his Majesty the King Of the Ha-
waiian Islands, which has recently been
made public, will, it is believed, have
beneficial effect upon the relations be.
tween the two countries.
The relations between those parts Of the
Island Of St. Domingo which we're former
ly colonies Of Spain and France, respec-
lively, are still in an unsettled condition.
The proximity Of that island to the United
States, and the delicate questions involved
in the existing controversy 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 limitations of the
same sentim ent have been received from
other governments, it is hoped that some
plan may soon be devised to effect the
object in manner likely to give general
satisfaction. The government of the Uni
ted States will not fail, by the exercise Of
all proper friendly offices, to do all in its
power to put an end to the destructive
war which has ragged between the different
Ipartsof the island, and to secure to them
both the benefits of peace and commerce.
refer you to the report of the Secretary
of the Treasury for detailed statement
of the finances.
The total receipts into the treasury for
the year ending 30th of June last were
forty million four hundred and
twenty-one thousand seven hundred and
forty eight dollars and 80 cents, ($47 ,42l,-
748 9O) 9 ell .a9
Z The total expenditures during the same
period were forty-three million two thous-
and one hundred and sixty-eight dollars
and ninety cents, (43 ,O02,168 909
The public debt has been reduced,
since the last annual report from the
Treasury Department, four hundred and
finety-five thousand two hundred and
seven.y-six dollars and seventy-nine cents,
(495,276 1917 i" M
By the 10Th section Of the &C: of 28th
January, l847, the proceeds of the sales
of the public lands were pledged for the
interest and principal Of the public debt.
The great amount of those lands subse-
quently granted by Congress for military
bounties will, it is believed, very nearly
supply the public demand for several years
to come, and but little reliance can, there
fore, be placed on that hitherto fruitful
source of revenue. Fe'iae .ai
Aside from the permanent annual ex-
which have necessarily largely
increased, portion of the public debt,
to eight million seventy-fve
nine hundred and eighty-six
dollars and fifty mine cents, ($8,075, 1885,
59) must be provided for within the next
two fiscal years. tits most desirable that
these accruing demands should be met
without resorting to new loans.
All experience has demonstrated the
wisdom and policy of raising a large por-
ton Of revenue for the support of govern
ment from duties on goods imported. The
power to lay these duties is unquestiona.
BILE, and its chief object, Of course, is to-
replenish the treasury. But if, in doing
this, an incidental advantage may be
gained by encouraging the industry Of
our own citizens, it is our duty to avail
ourselves Of that advantage. 91l2lg
A duty laid upon an article which can
not he produced in this country-such as
tea or coffeeAadds to the cost of the ar
ticle, and is chiefly or wholly paid by the
consumer. But duty laid upon an arti-
Gle which may be produced here stimulates
he skill and industry Of our own country
% produce the same article which is brought
INTO the marketin competition with the for
eign article, and the importer is thus com-