The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1851-12-03
s2I75l7.I3S.

pay ulCulS w thch WI uNObuul VI luC pun
Tic debt, exclusive of interest, have a.
mounted TO 1851 ,456 sc; which,
however, includes the sum of S3,242,-
400 paid under the 18th article of the
treaty OF Mexico. aud the further sum r
Of 50 SOL ,2l3 10, being the amount o
awards to American citizens under the
late treaty with Mexico, for which the
issue of stock was authorized, but which
was paid in cash from the Treasury
The public debt on the Goth ultimo,
exclusive Of the stock duthoriz, d to be
issued to Texas bv The act of 9th Sep
tember, 1850. was S62 500, 1906 90.
The receipts for the next fiscal year
are estimated at SOL 100000, which,
with the probable uuappropria,ed bal
ance in the Treasury, on the Both June
next, will give, as the probable avala.
bic means for that year, the sum Of
S63, 25s FAB 90.
1t has been deemed proper, in view of
the large expenditures consequent upon
the acquisition ofterritory from Mexico,
that the estimates for the next fiscal
year should be laid before Congress in
such manner as TO distinguish the ex>
penditures so required from the other
wise ordinary demands upon the Treas
ury.
The total expenditures for the next
fiscal year are estimated at $40 500, =
300 10, of which there is required FOR
the ordinary purposes of the Government
other than those consequent upon the
ACQUISITION Of our new Territories, aud
deductinc the PAYMENTS ON account OF
the public debt the sum Of S33,3l3,-
I9S OS, aud for the purposes connec.
ted directly or indirectly with those
Territories, and in the flGlment of the
obligations ofthe Government, contrac.
ted in consequence Of their acquisition
the sum of 50 80 IOI II.
If. she views of the Secretary Of tn,
g Treasury in reference to the cxnend
lures required for these Terri,orie,
shall be met by corresponding action ol
!. the part OF Congress, aud appropriation
made in accordance herewith, there wil
be an estimated unappropriated balanc,
: in the Treasury on the Both Of June
f 1853. of 500. 366. Alb 90. whcrewiih I,
} meet that portion ofthe public debt du,
, on the first July following, amounting t,
! 50, 237 ,93l 30, as well as any appropri
atoms which may be made beyond IN,
estimates.
In thus referring to the estimated ex
penditnres ON account of our newly.ac
onired Territories. | msy express th
1 hope that Congress will concur with m
t in the desire that liberal course o.
= policy may be purposed towards them
n and that every obligation, express q
c implied entered into in consequence u
4. their acquisition, shall be fulfilled BY tn
I most liberal arproprialions for that pur
nose
,Tho ,olne IF o,r d,mos,;, ex,or,
+ we Wv '''0 NP'.
C '"' '"e 'n'' isO"' e"'' 10 0'"'P"'Ou WV
!. those oil ,he previous year. eNhiot al
increase oil S43 ,OlO ~ AZ hrsl vle'
this condition Of our trade with foreigj
S nations would seem TO present the mos
= 0,ue,;rr honas or ;,s G,,ure n,os,e,;,,
o,.a.-7;,.,;,,, ar ,ho Io,n;I. ~ -,
y" VN"",'""'"'' W '"0 'o'u'' VI y"
+ creased Va'ue oi our exports Tor lhe las
G fiscal year is to be found III the hlg
= price of cotton which prevailed durin
/, the first half of that year, which pric
- has since declined ahnui nuo.h,lf
'rho y,Iro of o,r ox,or,s Of b,o,d
I'on;.,,, i;"t :, .','
C SUNS "'" i''"''' '""'' "''I' ~ '"P
E Poseu ,hc '"cen'Ne ~ 10" '','h a"'
large ImpnrlatIons from abroad woul'
u have greatly augmented. has fallen iron
L, Sos, 1UI ,92I, IN lSl7, to S26,0Jl 81:
| in lS5O and TO S1I0lS GA in 1851
v,,h os,,o,,,ur,h,h;l,,y ,,,,nt;,r NJ
80 =; ~ LII c'.,ias
"''9' =" '''"')' VI sun "''''e' :
4 ductloh IN 'he current year
: ne ag9fegote Vaiuc "l nee eNporte'
, dnil"s me i"s' hscal year also eNh,oi
decrease amounting TO S1bO'9l', "hicH
WIN q decline ia Tie values oil me export
= oil tobacco Tor the same period make IN
aggregate decrease III these Two articles
Slil36, '5l.
The policy which dictated low rae
du'les on loreIsh mefchahIise' IL was mo
: by those WHO promoted ana es'ah'lshed y
would Tend to bencht the farming popula
I ton OF ihls country, by increasing the dc
! mand ana raising me price oil agrlcuI'ur"
products IN iorelgn markets.
The foregoing laets, however, seem t
: show ncontestibly mat no such result IA
, followed the adoption oil this policy. o.
the contrary notwithstanding the repeal o
the restrictive corn laws IN England, I'M
: foreign demand Tor the products OF IN
American farmer has steadily declined
since the short crops ana eonS'qu ehi idm
, Inc IN portion OF Europe have been hap
ply replaced by full crops and compare
J tive abundance of food