Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1851-12-10

in the enterprise.
convention between the two governments
for the accomplishment Of that end has oeen
ratified by the government, and only waits the
decision of the Congress and the Executive OF
that republic. .,vs
arisen in the ratification OF that convention ny
Mexico, but it is 10 be presumed that her decls,
ion will be governed by just and enlightened
views, as well as OF the general Importance oi
the object as of her own interests and. ophga-
tions. .
In negotiating upon ttis important subject,
this government has had in view one, and only
one. object. That object has been and is, the
construction or attainment OF passage from o.
cean TO ocean. the shortest and the best Tor trav.
elIers and merchandise, and equally open TO all
the world. Ii has sought 10 obtain no territorial
ACQUISITION, nor any advantages peculiar 10 II"
sell; and il would see, with the greatest regret,
that Mexico should oppose any obstacle TO me
accomplishment of an enterprise which Froml-
ses SO much convenience 10 the whole CONNER
cisl world, and such eminent advantages 10
Mexico herself. Impressed with these sentl-
men,s and these convict ions, the governmen
will continue TO exert all proper efforts 10 bring
about the necessary arrangement with the re-,
public Of Mexico for the speedy completion OIL
the work
For some months past the republic of Nicara,
qua has been the theatre OF one OF lhose civil
commissions, from which the cause OF Tree lnstl.
lu.ions, and the general prosperity and social
progress of the States of Central America, have
so often and so severely suffered. Until quiet
shall have been restored and government ap-
parently stable shall have been organlzed, no
advance can prudenlly be made in dlsposing oil
the questions pending between the TWO coun-
tries.
am happy to announce that an inter; oceanic
communication from the mouth OF the 81. John
TO the Pacific has been so far accomplished as
that passengers have actually traversed 1t and
merchandise has been transported over II and
when the canal shall have beer completed, ac'
coidina 10 the original plan, the means OF com
municalion will be further improved.
1t is understood that considerable part o
the railroad across the lslhmus OF Panama has
been completed, ard that the mail and Passen'
gers will in future be conveyed thereon. =,
Whichever of the several routes between the
two oceans may ultimately prove most eligible
for travellers 10 and from the different States on
the Atlantic and Gulf of Mexico and our coast
on the Pacific. there is little reason 10 doubt that
all of them will be useful 10 the public, and VIII
literally reward that individual enterprise, by
which alone they have been or are expected 10
be carried into effect
Peace has been concluded between the con
tendinr parties in the Island of ST. Domingo, an;
il is hoped upon durable basis. Such is the
extent OF our commercial relations with that is
land. that the United States cannot fail 10 eel ;
strong interest in its tranquility.
The office of Commissioner TO China remains
untitled several persons have been appointed
and the place has been offered to others, all
whom have declined its acceptance, on the grount
Of the inadequacy Of the compensation. The an
nual allowance by law is six thousand dollars
and there is no provision for an outfit. earnest
ly recommend the consideration of this subject Il
Congress. Our commerce with China is highly
important, and is becoming more and more so, II
consequence of the increasing intercourse between
our ports on the Pacific coast and Eastern Asia
China is understood 10 be country in which llv
ing is very expensive, and 1 know of no reason
why the American Commissioner sent thithe
should not be placed, in regard 10 compensation
on an equal footing with ministers who represen
this country at the courts Of Europe.
By reference to the Report Of the Secretary o
the Treasury, it will be seen that the aggregate
receipts for the last fiscal year amounted to S52,
3Il,97 81 which, with the balance in the Treas
ury on the lst July, 1850, gave an available
means for the year, the sum Of S5S,9l7,524 50.
The total expenditures for the same period wer
S4S, ,OO5, 1873 68.
The total imports for the year ending SOIh June
1851. were $215,7 ,995
Of which there were in specie 4,967,9Ol
The exports for the same period wereS2l7, 7,5l7,l3'
OF which there were Of
domestic products .$l79,5i6,555
Foreign goods re-expor'd 9,739,695
Specie 29,23l $3.50
,5l7, l3t
Since the lst of December last the payments il
cash on account of the public debt, exclusive
interest, have amounted to 81 sol ,455 56; which
however, includes the sum of So, ,242 400 paid un
der the l2th article of the treaty with Mexico, ant
the further sum Of S2,591,sl3 AS, being the
mount of awards TO American citizens under th'
late treaty with Mexico, for which the issue 0
stock was authorized, bu, which was paid in casf
from the Treasury.
The public debt on the 2O,h ultimo, exclusive
of the stock authorized to be issued 10 Texas BY
the act OF 9th September, 1850, was $62,56O,
395 90.
The receipts for the next fiscal year are estlma
ted at So 100000, which, with the probable un
appropriated balance in the Treasury, on the 30ti
June next, will give, as the probable available
means Tor that year, the sum Of S63, ,259, ,743fO9
1t has been deemed proper, in view Of the larg
expenditures consequent upon the acquisition o
territory from Mexico, that the estimates for tn
next fiscal year should be laid before Congres!
in such manner as to distinguish the expenditure
so required from the otherwise ordinary demand
upon the Treasury.
The total expenditures for the next fiscal yea
are estimated al Si2,892,2 ,299 10, Of which ther
is required for the ordinary purposes OF the Gov
ernment, other than those consequent upon th
acquisition of our new Territories, and deductln!
the payments on account of the public debt, tn
sum of S33,3i3, 1913 OS; and for the purposes con
necled directly or indirectly with those Terrific
ries, and in the fulfilment ofthe obligations oflh
Government, contracted in consequence of thcl
scouisilion, The sum OF So, $40, l0l IL.
if1he views of the Secretary OF the Treasury il
reference 10 the expenditures required for thes
Territories shall be met By corresponding actio
on The part of Congress, and appropriations mad
! in accordance thereN ith, there will be an estma
ted unapproprialed balance in the Treasury on th
| 3O,h June 1853, of $40 1866, ,443 go, wherewith
meet that portion of the public debt due on III
/ first july following, amounting to $6,237,93l 30
as we'll as any appropriations which may bemad
beyond the estimates.
In thus referring 10 the estimated expenditure
on accoant of our newly-acquired Territories,
NAV express the hope that Congress will concu
uiib me in the desire that liberal course OF POI
cy NAV be pursued towards them, and that ever
obIiralion, express or implied, entered into i
consequence of their acquisition, shall be uliile
by the most liberal appropriations for that pul
|
The values of our domestic exports for the las
fiscal wear, as compared with those Of the prev
ous vear.exhibit all increase Of S43,646,322. A
&c -: IL 10 cnnhitinn of our irade with foreig