Semi-weekly Camden journal. [volume] (Camden, South-Carolina) 1851-1852, 1851-12-05

sol 1856 Sc; which, however, includes the
sum of So, ,242 400 paid under the 18th article
of the treaty with Mexico, and the further sum
of S2.59l,2l3 45 being the amount otawards
u American citizens under the late treaty with
Mexico. for which the issue of stock was an-
lhorised. but which was paid in cash from the
Treasury
The public debt on the Goth ultimo, exclusive
of the stock authorised to be issued to Texas
bv the act of 9Th September, 1850, was So2,-
$50, ,395 26.
The receipts for the next fiscal year are estl-
mated at S5l 100000, which, with the proha
ble unappropriatcd balance i'll tie Treasury, on
the 3Oth June next, will give, rs the probable
available means for that year, the sum of $685.
25S, 1874 %.
1t has bcend ccmed proper, in view OF the
large expenditures consequent upon the acqal-
s;ion of territory from Mexico, that the estl-
mates for the next fiscal year should be laid be-
fore Congress in such manner as to distinguish
the expenditures so required from the otherwise
ordinary demands upon the Treasury.
The total expenditures for the next fiscal
wear are estimated at Sl2,S92, ,209 10, OF
which there is required for the ordinary pur-
poses Of the Government other than those con-
segment upon the acquisition of our new Ter
ritarirs, and dcducting the payments on ac'
comnt Of the public debt, I'll" sum Of S33.3l3,-
lGS 1S; and for the purposes connected direct
ly or indirectly with those Territories, and in
the fulGlmcnt Of the obligations of tho Govern
mcnt, contracted in consequence OF their nc.
QUESTION, the sum Of SD,5 1901 II.
If the views of the Secretary Of the Treasury
in reference t. the expenditures required for
these Territories shall be met by corresponding
action on the part of Congress, aud approprla.
tons made in accordance herewith, there will
be an estimated unappropriatcd balance in the
Treasury on the Goth June, 1858, Of 2O,3G6,-
443 90, wherewth to meet that portion OF the
public debt due on tie first July following,
amounting to S6237,93l 35, rs well as any
appropriations which may be made beyond the
estimates.
The values Of our domestic exports for the
last fiscal year, rs compared with those OF the
previous wear, exhibit IN increase of $43,646,-
:}32. 1t first view this condition of our trade
viii! foreign nations would seem TO present the
most tlat;crng hopes Of Its future prosperity.
An examination of tho details of our exports,
however, will show that the increased value of
our exports for the last fiscal yearis to be found
in the hign price OF cotton which prevailed dur
ing tile first half OF that year, which price has
since declined about one.!lalf.
The value Of our exports Of brcadstnfis and
provisions, which il was supposed the incentive
of Il low tariff and large importations from
abroad would have greatly augmented, has
fallen from S6s, ,7ol ,02l, in lS47, to S26,O3l,- :
373 in 1850, and to S2i ,9is,653 i'll 1851, with
q strong probability, amounting almost to a
ccrtaiatv. OF still further reduction in the cur
rent year.
The aggregate value of Rice exported during
the last fiscal year, as compared with the pre-
y;ous year, also exhibits Il decrease amounting
TO S4GO, ,9l7, which, with decline in the val
ues of the exports of tobacco for the same Pc
riod make an aggregate decrease III these TWO
articles of $ l5G,'5l!
The policy which dictated low rate OF dn'
ties OF ioreign merchandise, it WAS thought by
those who promoted and established it, would
tend to benefit the farming population OF this
country, by increasing the demand and raising
tie price Of agricultural products in foreign
markets.
The foregoing ILcts, however, seem To SLOW
incoutrstibly that no such result has followed
the adoption Of this policy. On the contrary,
Notwithstanding the repeal of the restrictive
corn laws in England, the foreign demand for
lhe products Of the American farmer has slcadl-
Is tccIincd. since the short crops and con>e-
aucut famine in Il portion of Europe have been
happilv replaced ny full crops and comparative
abundance OF food.
1t will be seen, hy recurring TO the CONNER
cial statistics for the past year, that the value oi
our dunc,tc exports has been increased in the
single item Of raw cotton By 100000 900 over
the value OF tI:at export for the year proceed.
inc. This is not due to any increased general
demand for that article, but 10 the short crop
! of the preceding year, which' created an i'll
creased demand and an augmented price for
the crop of last year. Should the cotton crop
HOW going forward to market he only equal i'll
quantity to that of the year preceding, and he
sold at the present prices, then there would be
Il falling of IN the value of our exports for the
present fiscal year OF at least SlO,0O0,OO0,
compared with the amount exported for the
year ending 30lh June, 1851.
The exports of specie TO liquidatc onr foreign
debt during the past fiscal year have been S2l
263,979 over the amount Of specie imported
The exports Of specie during the first quater
oI the present fiscal year have been Sl4 ,65l,
S27. Should specie continue to be exported
at this rate for the remaining three quarters OF
this year, it will drain from our metallic cur