The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-12-26

The Secretary Of the Treasury Communicated to
the TWO Houses Of Congress on the 10th, his An
aual Report Ii occupies more than eight columns
Of the Washington Repubico Of the 18th. We can
Do no more at present than give synopsis Of it:
On the first Of July Of the present year, 1850,
there was balance in the Treasury of Sc ,604, 544
49, The aggregate receipts for the year ending az
that time amounted TO S47, ,74s 80, to which
was 10 be added a balance from the previous year
Of 50, la4964 2S. The eSpenditu res for the year
amounted 70 S43, oO2, 1853 SO,
For The fiscal year ending with the close of June,
1881, tbs receipts into the Treasury from all sources
are estimated at S47, $50 90, which, with the
balance on hand, will make the resources Of the
year, as estimated, $54. 1912 1894 40. The expendi-
nres for the same year are estimated at $50 s53.-
597 leaving probable balance in The Treas.
nry on the first Of July, 1851 of SASS, 1886 SO, or
ess than half million. Itwill be seen that but
pr The balance lef in the Treasury on the firss Of
July last Of oyeF six lions and hall, there would
be deficiency Of some six millions at the close Of
he present fiscal year.
From the beginning Of the war with Mexico the
annual expenditures OF the Government were large
~ increased and in consequence Of that war and
he acquisitions Of new and extensive territories
which were the result Of il, and in consequences
moreover Of the peeuniary obligations of the Gov
eminent created by the expenses Of the war, il is
shown by the Secretary that continuance of large
xpendiiures viii be required for an indefinite pe-
riod. The country is prepared TO expsct this ne
eesatY, and it will devolye upon Congress to pro-
vide f9 il
The large appropriations Of public lands made TO
Hose who served IN Mexico, and to those also who
I had served in other wars, in addition to grants
rnadep States orpurposes of internal improve
ment, cannot but have the effect to deprive the
General Government Of large part of its acclis-
toned receps from the Land office so that the
main, nay alnuAs the sole dependence ofthe Treas
irY must be nponshe receipts from customs. The
Injustice q the ad eelorem system OF duties in lax
ing imports higher m noporton, as The prices are
higher and The consumerless able to bear the add
aonat huFden thus enhanced, is.strongIy set forth
ineonnection with the evils which the same system
lnitcss upon our domesticq manufacturing interests
~ lowering the rates Of dNlies in proportion as
prices fall abroad and mporiatieps become profuse
needed,
THE souTHKRs coNeREss-We have before
published telegraphic account of some Of The pro.
: eeedings Of the South Carolina Legislature inre-
gard 10 what they call The Southern Congress-
$3.50 sAeV nave resolved upon This Congress,
snsv say, Is 70 meet at Montgomery, Ala, on the
ID OF January, 1882
we nsse before us the bill passed by the Ieeis-
'asure. FfSsn This We learn thai the purposes Of
the southern Congress are g to discuss and devils
such measures as in their opinion may be ADEQUATE
70 obtain the obecls proposed by The Convention 4
Nashville, and toreport such measures 10 The slave.
holding States as, when agreed 10 and fully con.
hrmed by them, or any Of thsns, vsill eiIsctualy
provide Tor the same The ninth section Of the