Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1851-12-10


and know "a 81 reason why the American
~ thithcr. should not be plas
ced. in regard compensation, on equal foot
in with inipf r. who represent this country
at the courts ofEurope
By reference TO the report of the Secretary
Of the Treasurysit will be seen tAht the aggrc-
gate receipts .for the fiscal year amounted to
$50 ,3l2,9 81, which, with the balance in the
Treasury on the lst July 1850, gave as the
available means for the year, the sum of $751;
si7 .SA % total oo expend lit for the
f" %heh 'a there sss 's
Gle. $40 .679 Goa. The exports for the same pc
riod were. 12l15l7 100; of which there were
of domestic bfoducts. $lSS SAG, 555; foreign
goods eexported 80, 73s, 69I specie, 500 ,23l,.
S2l7,5l7,l3O
Since the - Of December last, the pay
ments in casIt&h account of the public debt,
exclusive of Interest, have amounted to 81 ,50l,-
1905 which. however includs the sum of 49,
242, 400. paid under the 18th article of the irea-
" with Mexico, ond the further sum Of s, SILL
2i3 10. being tho amount of awards TO Ameri-
can citizens under the late treaty with Mexico
and Tor which the issue of stock was authori.
zed. but which was paid in cash f-om the
The public debt on the Goth ult, exclusive
OF the stock aurhfzed to be issued to Texas,
$50 1875 26.
The receipts for the next fiscal year are es-
AHA mnann. 80 n,"h WIN tme prop
on Tho 30ih Dee ~ ~ ane reasury
vaiiable 49, .ne p,ooao, eco
25s y e"'' INC sum o' $o'''
-
ia,Yv siew ot lhe
sition 10 upoh .ne acqu!-
mates for ~ vaar .h .I. 'he I i,;i
before Gomez encb go, amouiu oG ia'o
guish the exprNNtures co ranu;rod fro,, ,ho
otherwise ordinary demands apon the treasury,
The total expenditures for the next fiscal wear
are estimated at 81, s92 299 10 Of which there
Is required for the ordinary purpose of the
government, othsr than those consequent up
Oh the acquisitIop of our new Territories, and
aeducting the payment on account of The pub
lic debt, the sum Of S34, 343,l9s Sc; and foJ
the purPofe connected directly or indirectly
wi.4 those territories and in the fulfilment
of the obligat ionbof the Goyeremont coptr,c
TED OF theseiacqusitions, the sum of So, 549, lOl
IL the views OF he Secretary of the Treasury
IN reference to Ae expenditures required for
the Territories shall be met by corresponding
action on the paf OF Congress, and appropria-
be- an aiu ~, d'oraamce herewith there wi
Treasury nn ~, napIPifoPilaIeu oalahce IN the
3G6 liza IA va nta G.h January 1898 OF S2o,
tbo nnhi;o ,Io". n, " NEE. thiit portion OF
Io,rin,, -. "e on .ns nrst OF july FOL
=" So,~o' ,93i 80. as well as
any aPPioP'a'iopsw hieh may be made beyond
the estimated expenditures on account of our
acquired lerrItIies. may express the hope,
Una. oonEress WI JON with me in the desire
.hat iioera' course OF policy may be persued
to"aruS theih, pd that every obligation eX-
pressed or inpiI. entered into in consequence
Oh their acqulsinon, shall be fulfil d by the
most ,St i'oerai operations for that purpose.
c me value oil or domesti" exports forthe last
n'"' year, a. cobpareus with those of the pre-
Vious year, exhidt an increase of SlS, SIC .,21
At the first view, this condition oIour trade
with foreign natpns would seen, IN nro.en, the
most fiattering hpe of future PROSPERITY An
examination of tie details of our expnrts how
ever, will show hat the increased value of our
exports for the LIT fiscal year is to be found in
the high price Of cotton, which prevailed dur
ing the first partlof that year. which price has
since declined 1863
About one hat of the value of our exports
of breadstutf, I'D provisions. which il was
supposed the icentive of low Tariff and
large importatn ns from abroad won,l have
great augmented, has fallen from els m,
90, in 1877. IN 20, ga ara in Is50 and ~
ST. us GJ3 kcbI with n strong ,,r,bah; ;ty
amount;ng ,o - nor,,;,,' III f'y
Their rednc no. o,,rr', ,a'" Ivy. u ''''' '''-
The ayy, ,l,a a. 80,
the asst Ii 5, las conpared VIII lIevio.
Gus year; ibit, a decrease amounting
to Sl6J, 951 h, with decline in the val,
ne of the ex is of tobacco. for the same ne
Rod make, al aggregate decrease in the two
articles Of 81 ,ij6,75I The policy which de-
clared a low faie nf dut;,s on f,ra,.,, -
disc, it was thought by those who promoted
and established it would tend to benefit the
farming popu a,ion of this country, by ncreas
ing the deInand and raising the price of aori.
cultural probes in foreign markets The
foregoing factIhowever seem to show incontes-
tibly; that no Such a result, have followed the
adoption of Ila> polacy. On the contrary not.
outstanding The repeal of the restrictive Corn
laws in England Ike foreign products of the
American farmer has steadily dec ined since
the short crops md consequent famine i'm a
portion of Europe, have happi v been rem a,ed
by full crops aIl comparative abundance of
food
1t will be seen by referring to the commercial,
statistics of the past year; that the vine of our
domestic export, has been increased in the sim
gle item f raw c,tton 800 900 over the value
of that exported for tb. year nr.c.oJ;nn ~ !;
is not due for NV Increased ,,a,ara oI,,,'I
for that article, but to the hort cron Of tbc
demand and anrmontoJ ,,r;o', s .'I iio.ea'cu
last year Sho1J rho ci.,,a,, @ VI. up VI
forward to markst be ou on uoP noM so'.s
"a that of the vr,r nr,oaal 10, -, q"ani'y
at the present brcas ,bor Is anu iI ao' e.n az
inc off in the va le If mr. ornor,s :, " ,''i
an9 Ell 80 IA ~ VIZ, "a n q, go aof 'he pres
III H. -, '.'., Si'v''oo' oo''Paieu