Eastern times. [volume] (Bath, Me.) 1846-1857, 1851-12-11


menis in cash on account Of the public deLt.
exclusive Of interest, have amoisused 10 81. !,
SOL ,456 S.; which, however, includes the
sum of $3,242, 400 paid under The 18th ar
Iiicie Of the treaty with Mexico. and the
1 further sum Of q, ,59l ,213 As, being the
amount Of awards 10 American cit:zens un-
der the late treaty with Mexico, for Which
the iseue of stock was authorized, but which
4 was paid in cash from the Treasury.
Tie public debt on The 10Th ultimo. ex.
elusive OF the. stock authorized to. be issued
to Fexas by The act Of 9Th September, 1850,
was 962, $50 1896 26. s.-s 'ss;''
The receipts for tho next fiscal year are
estimated ., 95i,s0O 600. ssticl.s with The
4 probable una appropriated balance ia the Treas
ury, on the Both June nex,, will give, as the
probable available means tor thar year, the
sum Of $63 3,25s,743 %. r - IL
j 1t has been deemed proper, in view Of the
large expenditures consequent upon the ac-
QUESTION Of territory from Mexico, that the
estimates for the next fiscal year should be
laid before Congress in such manner as to
distinguish the expenditures SO required from
the otherwise ordinary demands upon the
Treasury. -si 'rs..- 81 st tf'
The total expenditures Tor the next fiscal
year are estimated at $42, ,S92, ,299 10, of
whichthere is required for the ordinary pur.
poses of the Government, other than those
consequent upon the acquisition of our new
Territories, and deducting the payments on
nccount OF The public debt. the sum of $685.
343, l95 OS; and for the purposes connected
directly or indirectly with those Territories,
and in the fulilment of the obligations ofthe
Government, contracted in consequence of
their acquisition, the sum of $9,5l9, 101 IL.
If The views Of the Secretary of The Treas
ury in reference to the expenditures required
. for these Territories shall he met by cores
ponding action on the part Of Congress, and
appropriations made in accordance herewith,
there will be an estimated dunappropriated bal
ance in the Treasury on lhe 30th June, 1883,
of $40, ,366, ,443 80, wherewiih 10 meet that
portion Of the public debt due on the first
July following, amounting to $6,237 ,93l IS,
as well as any appropriations which may be
made beyond the estimates. -,
/ In thus referring to the estimated expen.
ditures on account of our newly acquired
Territories, may express the hope that Con-
gress will concur with me in the desire ,tba
a liberal course Of policy may be pursued
towards them, and that every obligation, ex-
press or implied, entered into in consequences
Of their acquisition, shall be fulfilled by the
most liberal appropriations for that purpose.
RI -sl 10 s.-a -..H EXPORTS. s5 ts. fr'lzaafr-
The values Of our domestic exports for
the last fiscal year, as compared with those
of the previous year, exhibi; an increase oi
$43, GAG, ,322. AT first view this condition OF
our trade with foreign nations would seem
TO present the most fatterlng hopes of its
future prosperity. An examination OF the
details Of our exporis, however, will show
that the increased value oi our exports FOL
, the last fiscal year is 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 ofbreadstuffs AM
. provisions. which il was supposed the incen-
tive of low tariff and large imporlaIions
from abroad would have greatly augmented
, has fallen from S66, ,7OI ,92l, in lS47, 10 $26.
05l,373 in 1850, and to $2l 1856 in 1851
, with strong probability, amounting almos
to certainty, Of a still further reduction ir
the current year. sar a' fqi-@2E1a
The aggregate values Of rice exported during
r the last fiscal year, as compared with the pre-
viols year, also exhibit decrease amount
ing to $3.50, ,9l7, which. with a decline in iht
: values OF the exports of tobacco TOR the sam,
{ fEperiod,i make an aggregate decrease il
' these two articles Of 81 ,l56,75l. ss isstlsiss
The policy which dictated a low rate Of da
: ties on foreign merchandise, il was though
! BY those who promoted and established il
] would tend TO benefit the farming population
: Of this country, by increasing he defnant
s and raising the price Of agricultural products
in foreign markets. D. f'sf 'ii.f"s 'si lgoit
: The foregoing facts, however, seem I,
show inconrestbIy thnt no such result ha
Followed the adoption of this policy. o.
the country, withsIanding the repeal o
: the restrictive corn laws in England, tn
2 foreign demand for The products of the Ameri
can farmer has steadily declined, since III,
short crops aud consequent famine 10 por
ton Of Europe have been happily replace'
! by full crops and comparative abundance o
z food.
1t will be seen, by recurring to the com
: mercial statistics for the past year, that ,h
value of our domestic exports has been 10
: creased in the single itemy0f raw cotton b.
$40, 600, 900 over the value Of thai export fo
the year preceding. This is not due I
. any increased general demand for lba
article, but 10 the short, crop OF tn
! proceeding year, which created an increases
II uemdnu anu OIL duSbeutcu ViycO io' uio Cto
: of last year. Should the cotton crop nov
. going forward to tnarke, be only equal i
quantity 10 that Of The year preceding, an
be sold at the present prices, then ,her
e would be falling of in the value Of our ex
: ports for the present fiscal year Of at leas
J. S4O, ,O0O, 900. compared with the amount ex
: ported for the year ending Both June, 1851
= sss..s4a4 81 gfasST@SH Fiao ii fnHs GnH rB
S PRopucrIoN AND EXPORT OF GOLD. ,s'
The production Of gold in California 70
:. the past year seems 10 promise large SUI
, ply Of that metal from that quarter tor som
!, time 10 come. This large annual increas
/ Of the currency Of the world must be atten
e ded with its usual results. These have bee
!. : already partially disclosed in the enhance
! ment Of prices and rising spirit Of specnls
tion and adventure, tending TO overtradinl
|, as welt at home as abroad. Unless som
!. salu,ary check shall be given to these tea
= denotes, il il to be feared that importation
: of foreign goods beyond a healthy dsnan
!. in this country will lead 10 a sudden drain
= : the precious metals from US, ! bringing viii
:, il, rs IL has done in former times, the mo-
|. !. disastrous consequences to the, business an
4 apital of the American people. aadi sbae
n The exports of specie to liquidate cur fort
: ign debit during III e-rrast fiscal year hav
Isbeen, $24 ,253. .979 over the amount Of spec
Imported. The exports Of specie during d
1.-The ,first-qua Of the present fiscal yei
;. have been $l4 ,65l,S27. Should specie co,
|. [tinue to be exported At this rate for the r
!. mainipg .ihree-quarters Of the year, u WI
. : Asrps