Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-06-17
RICHMOND ENQUIRER.
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MONDAY MORNING, JUNE IG, 1851.

beneficial operation of Democratic policy, under which tn
country is prosressng-the people having by thei
votes refused give Whig administration the power
change the admirable system, of their predecessors:
The entire for the fiscal year ending June 30
1851 will exceed the estimates BY FIVE MILLIONS
and will reach ncudng the receipts California for par
oi the past and me whole OF he present fiscal Year, FIFTY
| MILLIONS OF DOLLARS! Of this sum, two millions
will be credited to California; and s4s000 000 at least
the Atlantic ports and Of this S46 900 New York will
have received enormous the revenue collected
here for only nine months Of the being s24375Ol2
The receipts from the sales of the Public Lands will
ha estimates by about s6G000O and reach for the entire
year about 81 5O0OOO And This Notwithstanding the sales
through Land Bnunties Land Script, &C., &c. The Lanc
oce some Gays since mad returns OF sales exceeding tw'
millions OF dollars s2OO0000 and many heavy returns
were 10 come in.
Nothing could indicate in so mari I'd a manner these
turns the extraordinary prosperity Of the country We
pcctcd the revenues from imports would be- they
large beyond all precedent but did think, with all the
competition there in the market the land sales by
ve-nnent cold possibly reach the amoun. we have renb
mentioned.
"Prentice," the New York commercial correspondent OF
the Washington Union thus shows gross bundes and
want Of foresight part of Msssrs Meredith and Cor
wn the OF Mr. R. j. Walker. When the policy of
the Democratic party has been erousy illustrated and
the predictions of the Wings signa falsed why should
any party in the country desire The administration
pass into the hands Of any other than
ally when past and present signs conclusrey indicate hat
Democratic party only the interests Of the coun-
try but the safety of the Constitution and Union cun alone
BE- protected? We have some little apprehension lest the
rapidly increasing paper circulation in many portions OF
the country may lead 10 an injurious arrangement of the
sysemand becomes all citizens 10 practice prudence and
yialance-but present. have the important admission
by the Wing Express of the extraordnsy prosperity OF
the country"
When the subject of the government finances under dis
cussinn il is useful 10 frequently TO the views and facs
furnished by who have been in charge oil that depar
ulent in order the readily distinguish between TIT
designs OF party and the enuncation of logical deductions
om the operation uf sound principles Thus the party
which succeeded the brilliant administration of Mr. Polk at
tempted undsguisedlr swell the expenditures OF Inc 60
venment in every passble way in order ID ai'd prcteS'
for eXactng from the labor uf the country mus
enhancing patronage u the government not only through
tie expenditure but by OF the interests which snare"
with the government the tribute eXared from oaoor. iha
is 10 saw if the usual estimate is cnec that III per cent "i
all the goods consumed in the country are mporteu ana a
The picr OF all is raised to the for The protection oi
the manufacturers in the proportion OF the tar then io
every dollar of customs which the government receives The
manufacturing interests which potects receive ~ from
the Hence the S4OOOOO0O which The govern
men drew from customs in 1885, the means OF taking
from $3.50 000 600 swell the profits OF capital ane
the result OF such injustice manifest in Enghnd whee'
after $50 protection the pauper condition m Inc IA
buring millions affords 50 awful contrast 10 thc vast "eu
the few cry Of horror from those wno on &C.
casion Of the Worlds Fair visited England io[ ne I' e
(page 1.-THE adoption Of high tariffs is war upon Ia
oor recognising the principles of national prosperity
"Tnis statement shows balance in the treasury the
3Oh June lS49 OF s265369 and balance IN the treasury
the 3oth June, 1885, OF 5000 542r ;,b ,, ,ru.
In following year Mr. Meredith, win ms argt
and projected loans and his report tor lo49 he
states, (page 6@
ls July next of s6s2S l2l snd on the Isl July leo OF
$40 SAT O92-nakng in the whole, estimated dehct OF
be provided for arising from The expenses ol the
war and treaty with Mexico"
Last wear came Mr. Corwin with his schemes and queries
He nfns that balance in the treasury July o5u was
Sc 60 54 fasying Mr. Walker and showing difference
NJ aver - GOO 600 from NJ Meredh's estimate He esti
the customs duties for the year 1881 nj ana
The money hand July l, 1851, at si5s99 "eno% come
10 the actual for the eleven months OF e yc'
elapsed and the amount of the money on hand as ioo"s
United States from July TO Nuy, tnclure, ana
cash balance
Customs. Cash in Treasury.
July to June 1885, s366l5 400 50 e593S2
Juiyy Jy 10 June, 1851, ii 3l9O63 l4,259274
| Increase, 7,7a0,57a 52o9's9Z
This is an average amount Of equal 10 81
per month"; continuance of which for June would give
nearly s490U0U00 the customs revenue Tor the year.
leaving large balance in the treasury and enaong the
cretaY to issue his notice for paying of on the 9 August
next the five per stock Of 1885, which was issued IN
payment OF four and Ave namens of The OLD Mexican
coims due in Apr 1874 The amour, is 1903 573 Thus.
instead of loan Of 6OOoOUU TO meet dehcient revenue
The old loans paid off they fall due 10 the exenin
in Aunust-of nearly 81 600 000 leaving large balance III
The treasury. This is result that must puzz'e thh fha'
delphia lawyer" ,. ,,,
i, is little remarkable that who arc so shrewd acou
selling out their claims the treasury at good ohh
sums making such good bargains out OF the treasury shou
be 80 very bunderng about making bargains Tor the feasu
ry Our friend MIR Corwin estimated (page ~ taat tne
California mines would yield fifty millions per annum ano
that out of that might be able export annually from zen
10 fifteen millions which, added hundred as hy-t"o
millions Of other productswhich he assumed rs me max
imum export-woud make hundred and sl1y-Ve MI
lions. He then says:
f the present rate of duties be applied TO that amount
should receive from the customs only 9oooVu ana
The OF required for the present ana succeca
ing years would fall short Of the estimates Tor tie cufen
| year by fraction seven millions"
He does quite ask for loan, but wants 10 IN
the to make ot goods paw more
into te treasury for the benefit Of Gaphn claims, ana as
into the pockets OF the corporate nionalres who IKE o
bo Lawrence, Esq., will then have the means of purchasing
foreign coro:ets Tor the members Of their families
If the Caorn mines yield fifty millions per annum, "hy
may all be exported after the channels Of circulation
are fu2 After have got enough 10 circulate tn. remain
der ve in Tie exchange for consumnbe ar
,ices-unless Mr. Corwn the streets with il
The imports for the present year OF du'iahle goods will o
very nearly hundred millions and the rates Of exchange
show independent OF collateral and anomalous uses
adverse balances that say they remain nearly the
actual par and money rather Increases in abundance ut all
the commercial centres.
Convention yesterday has.
ING with remarkable (:or hem industry gotten through Win r
Crn,y Cour, SYSTEM resumed The consideration o' IN: ro on the
stupid Board of Public Works nat has