Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1851-12-11

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Territories. and deduc,iug the payments
on accoun, Of the public debt, the sum
OF s34, 343, 1855 and for the purposes
connected directly or indirectly with
| those Territories and in the fulillment Of
the obligation Of the Government. con
tracted oi these acquisitions, the sum Of
$9,540, lOl. If the views Of the Secre-
tary 0f the Treasury, in reference to the
expenditures required for the Territories
/ shall be me, by corresponding action
on the part Of Congress, and appropria-
lions made ia accordance herewith, there
will be an es,ima,edunappropriafed bal
ancc in The Treasury. OH the 3olh Janu-
larry, 1853. Of $40, 366, 443.9o. where
with, TO meet tina. portion Of the public
debt due on the FIRST OF July following.
amounting to 1929. 93i ,35. as well as
any appropriations which may be made
hey md the estimates. In thus referring
TO the estimated expenditures on account
of our acquired Territories, may ex-
press the hope, chat Congress win join
with me in the desire That liberal course
of policy may be pursued towards thcm.
and that every obligation expressed or
implied, entered into in consequence of
their acquisitions, shall be fulfilled by
the most liberal operations for that pur-
pose.
The value of our domestic exports for
the last fiscal year. as compared with
those of the previous year, exhibi. an III
crease Of s43.6i6,322. At,he first view.
| this condition or our trade with foreign
nations. would seem to present the mes,
aailering hope of future prosperity. IN
examination Of the details ofDnr exports.
however. will show that the increased
value Of our exports for The last fiscal
year il. 10 be found ia the higl, price of
cotton, which prevailed during he frs,
par. of tina. year, which price has since
declined.
About one half OF The white of our ex-
ports Of breadstufis and provisions. which
i. was supposed the incentive Of low
Tariff aud large imporiaiions from
abroad would have greatly augmented
has iallen from s6S. 702 90 | in lS47. 10
! S26.05a.37 in 1850, and 10 s2l.9i8.-
$50 in 1851, with a strong probability.
amoen;ing almost 10 certainty. ofa sill.
further reduction in The current year.
The aggregate value Of rice exported
during The last fiscal year, as compared
with The previous year. also exhibits a
decrease amounting Ia S460,9l7. which,
with a decline in the value Of the expuris
af tohacco, for the same perind makes an
aggregate decrease in the two articles oil
Si.l56.75l. The policy which declar-
ed Inv ra.e Of duties nm E,reigninerch
andise. il was thought by those who pro
tno.ed and established i. w.m!d tend 10
benefit The farming population of this
country, by increasing the demand. and
raising the price of agricultural! products
in foreign markets. The foregoing faci
however seem To show incnnrs,ihly;
i that ma sncf, results hare fpIlnwed The a.
! dop,inn Of this policy. Onthe contrary.
notwithstanding The repeal Of The res,ric-
tive Corn laws in England. the foreign
! products nf the American farmer his
steadily declined since the short crops.
and consequent famine in portion oi
/ England. have happily been replaced by
full crops and comparative abundance Of
food.
| II will be seen BY referring 10 the
i commercial statistics Of the past year;
ihai the value of our domestic exports
has been increased in The single iiein Of
raw cotton 100000 over The value Of
that exported for the year preceeding. -
Ihis is mol due Tor any increased general
demand for that article, blu, To the shorl
crop of the preceding year, which GREAT
ed an Increased demand and an augment
led price for the crop of hast year
Should tie cotton crop now going for
ward 10 market, be only equal in quaint.
Eiy to that OF The year preceding and be
sola al the present prices. then there
| would be falling OF in The ralue Of nur
texPorss Tor the present fiscal wear OF al
least $500 900. compared with the a.
mount exported for the year ending 3o.h
June, 1851.
The produciier OF gold in Calharnia
for the last year, seems TO pronfese a
large supply Of this metal from tina, quar-
ter for some time to come. This large
annual increase Of The currency Ut the
world, must be attended with its usunl re-
suits. These have been already partial
| ~ disclosed in the enhansmeat Of prices,
and rising spirit Of speculation and ad-
venture; tending TO over-.radins as well al
home as abroad. Unless some salu.ary
check shall be given To these tendencies.
il isso be feared that importatinns of for
eign goods, beyond healthy demand in
this country. will lead 10 a sudden drain
OF The precious metals from Us. and bring
with il Us il has done in former times,
disastrous consequences to the business
and the capital of. the American people.
The exports Of specie, to liqnidale our
foreign debt. during the last fiscal year
have been $24. 263,O6 over the amount
of specie imported. The exports Of sps-
cie during the first quafler Of the present
fiscal year. have been sl4.652. e27.--
Should specie continue to he exported at |
the same rates Tor the remaiping illree-
fourshs of this year, il will Grain from
mir natalie f.t,rrDnev xl,.r;n<r sha ,....