The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-12-03

oppose any obstacle TO the accomplishment of al
enterprise which promises so much convenience
10 the whole commercial world, and such eminent
advantages TO Mexico herself. Impressed with
these sentiments aud these convictions, the gov.
ernment will continue to exert all proper efforts IL
bring about the Necessary arrangement with the
republic Of Mexico for the speedy completion OF
the work.
For some months past the republic of Nicaragua
has been the theatre OF one OF those civil convul-
slons, from which the cause OF free institutions,
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 apparently stable shall
have been organized, no advance can prudenty be
made IN disposing of the questions pending be-
tween the two countries.
| am happy to snnounce that AN inter oceanic
com munication from the mouth OF the ST. John
| To the Pacific has been so far accomplished as
| that passengers have actually traversed ii and
merchandise has been transported over il and
when the canal shall have been completed, ac-
cordlng to the original plan, the means Of com
munication will be further improved.
Ii is understood that a considerable part of the
railroad across the Isthn Of Panama has been
completed, and that the mail and passengers will
in future be conveyed thereon.
Whichever of the several routes between the
two oceans may ultimately prove st eligible
for travellers To and from the different States on
the Atlantic and Gulf Of Mexico and our coast on
the Pacific, there is little reason to doubt that all
OF them will be useful to the public, and will be-
rally reward that individual enterprise by which
alone they have been are expected to be car
rled into effect.
Peace has been concluded between the con-
tending parties in the island of st. Domingo, and
it is hoped upon durable basis. Such is the ex-
tent OF our commercial relations with that island
that the United States cannot fail to feel a 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, ali of
whom have declined its acceptance, on the ground
OF the Inadequacy of the compensation. The
annual allowance by law is six thousand dollars
and there is no provision for any outfit. | ear
nestly recommend the consideration of this subject
to Congress. Our commerce with China ia highly
important, and Is becoming more and more so in
consequence of the increasing intercourse between
our ports on this Pacific coast and Eastern Asia
CHINA is understood to be country in W hich lv-
ing is very expensive, and | know of no reason
why the American Commissioner should not be
placed, IN regard to compensation, equal
footing with ministers who represent this country
at the courts of Europe.
BY reference to the Report OF the Secretary Of
the Treasury, it will be seen that the aggregate
celpis for the last fiscal year amounted to $50,
3l2,979 81; which wi h the balance in the trea-
sury on the first July, 1850, gave, as the avail
able means for the year, the SUN Of S59,9l7,-
52i SO.
The total expenditures for the same period were
S4S, 005, 1878 6S
The total imports for the the year ending Goth June
1901, were S2l5, TBS, 1886
OF which there were in specie 4967 ,9Ol
The exports for the period S2l7, SIT 1870
or which there were of
domestic products SI7S,546 555
Foreign goods re-exported 9,73S,695
specie III ,SSU
---S2l7 ST. ,l30
Since the LIST of December last the payment in
cash account Of the public debt, exclusive Of
interest, have amounted to S7,50l ,456 Sc which,
however, includes the sum of SO 2i2, 400 paid UNI
der the 10Th article of the treaty with Mexico,
and the further of S2,59l 2l3 As, being the
amount of awards to American citizens under the
late treaty with Mexico, for which the issue Of
stock authorized, but which was paid in cash
from the treasury.
The public debt on the Goth ultimo, exclusive
OF the stock authorized to be issued to Texas by
the act of 9th September, 1850, was $50, 500, 1895
&c.
The receipts for the next fiscal year are estma-
ted at S5l 800, 900, which, with the probable
unappropriated balance in the treasury, on the
Both June next, will give, as the probable avail
able means tor that year, the Of S63, 1885,
743 %.
1t has been deemed proper, in view of the large
expenditures consequent upon the acquisition of
territory from Mexico, that the estimates for the
next fiscal year should be laid before Congress in
such manner 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 $40 1892, 299 49, Of which there is
required for the ordinary purposes of the govern
ment, other than those consequent upon the ac-
QUESTION of our new territories, and deducting the
payments account of the public debt the sum
g a md Gar III
directly or indirectly with those territories and in
the fulhment of the obligations Of the government
contracted IN consequence of their acquisition, the
sum of $3.50, l0l H.
IL the views of the Secretary OF the Treasury in
reference to the expenditures required for these
territories shall be met by corresponding action on
the part of Congress, and appropriations made in
accordance Herewith, there will be estimated
Incorporated balance in the treasury on the
Both June, 1853, of 500, 800, 443 80, wherewih to
meet that portion Of the public deb due on the first
July following, amounting to s6,237 1891 IS, as
well as any appropriations which may be made
beyond the estimates.
In thus referring to the estimated expenditures
on account of our newly acquired territories
may express the hope that Congress will concur
with me in the desire that liberal course Of policy
may be pursued towards them, and that every OBJ
legation, express or implied, entered into in con-
sequence Ct their acquisition shall be fulfilled by
the most liberal appropriations for that purpose.
| The values Of our domestic exports for the last
fiscal year, compared with those of the previous
year, exhibit increase of SAB GAG, 322 At first
view this condition of our trade with foreign ma
tons would seem to present the most hattering
hopes of it's future prosperity. An examination
of the details of our exports, however, will show
that the increased value of our exports for the last
fiscal year id to be found in the high price OF
Cotton which prevailed during the first half of
that year, which price has since declined about
one-half
The value Of our exports Of breadstuffs and pro-
visions, which it was supposed the incentive of
low tariff and large imporations from abroad
would have greatly augmented, has fallen from
$685. ,92l, in lS47 to S26,05l 1873 in 1850, and
to s2l ,94S,653 in 1851, with a strong probability,
amounting almost to a certainty, of still further
reduction in the current year.
The aggregate values of rice exported during
the last fiscal year, as compared with the previous
year, also exhibit decrease amounting to $780,
9l7, which, with decline in the values of the
exports of tobacco for the same period, make an
aggregate decrease in these two articles Of 81 l56,
ISL.
The policy which dictated a low rate of duties
on foreign merchandise IL was thought bv those