Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1850-12-11

upon him by that act. 1t is hoped that those du-
ties may be completed within the time which it
prescribes. The documents, however, which the
Imperial Government, by the third article of the
convention stpulates to furnish to the Government
of the United States, have not yet been received.
AS presumed that those documents will be essen
al 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 4th article of the convention
to be paid to this Government has been received.
The collection in the ports of the United States of
discriminating duties upon the vessels of Chill and
their cargoes has been suspended, pursuant to the
provisions of the act of Congress of the Oath of May
1929 It's to be hoped that this measure will i'm
part fresh impulse to the commerce between the
two countries, which, of late, and especially since
our acquisition of California, has, to the mutual
advantage of the parties, been much augmented.
Peruvian guano has become desirable art-
Gle to the agricultural interest of the United States
that it is the duty of the Government to employ all
the means properly in its power for the purpose of
causing that article to be imported into the coun-
try at reasonable price. Nothing will be omit
ted on my part towards accomplishing this desra-
BILE end. l am persuaded that in removing any
will promote its best interests, while it will af
ford proof of friendly disposition towards this
country, which will be duly appreciated.
The treaty between the United States and His
Majesty the King of the Hawaiian Islands, which
has recently been made public, will, it is believed,
have beneficial effect upon the relations between
the two countries.
The relations between those parts of the Island of
st. Domingo, which were formerly colonies of Spain
and France, respectively, still in an unsettled
condition. The proximity of that island to the Uni
ted States and the delicate questions involved in the
existing controversy there, render it desirable that
it should be permanently and speedily adjusted.
Theinterests of humanity and of general commerce
also demand this; and, as limitations of the same
sentiment have been received from other Govern
mens, it is hoped that some plan may be de-
vsed to effect the object in manner likely to give
general satisfaction. The Government of the Uni
ted States will not fall by the exercise of all proper
friendly offices, to do all in its power to put end
to the destructive war which has ragged between the
different parts of the island, and to 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.
ending sOth of June last, were forty-seven million
four hundred and twenty-on thousand seven hun
dred and forty-eight dollars and ninety cents,
($47,42 ,74s 9O.)
The total expenditures during the period
were forty three million two thousand one hun
dred and sixty eight dollars and ninety cents,
($43,OO2,l6S 9O.)
The public debt has been reduced, since the last
annual report from the Treasury Department, four
hundred and ninety five thousand two hundred and
seventy six dollars and seventy nine cents, 1885,
276 49,
By the 10Th section of the act of 2Sth January,
1847, the proceeds of the sales of the public lands
pledged for the interest and principal of the
public debt. The great amount of those lands sub
sequently granted by Congress for military boun-
ties, will, it is believed, very nearly supply the
public demand for several years to come and but
little reliance CAM therefore, be placed that hith
erto fruitful source of revenue
Aside from the permanent annual expenditures,
which have necessarily largely increased, a por-
ton of the public debt, amounting to eight million
seventy-fve thousand nine hundred and eighty
six dollars and fifty nine cents S,O75, 1856 59)
must be provided for within the next two fiscal
mands should be met without resorting to new
loans.
All experience mas demonstrated the wisdom and
policy of raising large portion of revenue, for the
support of Government from duties goods i'm
ported. The power to lay these duties is unques-
tonabe, and its chief object, Of course, is to re-
plenish the treasury But if, in doing this, an in
cidental advantage may be gained by encouraging
the industry of citizens, it is our duty to
avail ourselves of that advantage.
duty laid upon an article which cannot be
produced in this country-such tea coffee
adds to the cost Of the article, and is chiefly
wholly paid by the consumer But duty laid
upon an article which may be produced here,
stimulates the skill and industry of our own coun-
try to produce the same article, which is brought
into the market in competition with the foreign
cle, and the importer is thus compelled to reduce
his price to that, at which the domestic article can
be sold, thereby throwing part of the duty upon
the producer of the foreign article. The continu-
of this process creates the skill and invites the
capital, which finally enable us to produce the
ticle much cheaper than it could have been pro-
cured from abroad, thereby benefting both the
producer and the consumer at home. The conse-
quence of this is that the artisan, and the agricul
turist, are brought together, each affords ready
market for the produce of the other, the whole
country becomes prosperous; and the ability to
produce every necessary of life renders US ndepen-
dent in we'll as in peace.
high tariff never be permanent. 1t will
cause dissatisfaction and will be changed. 1t ex
cludes competition, and thereby invites the invest
ment of capital in manufactures to such excess,
that when changed it brings distress, bankruptcy,
and ruin, upon all who have been misled by its
faithless protection. What the manufacturer wants.