The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-12-02

vellers to and from the different States on the At
lantic and Gulf Of Mexico and our coast on the
Pacific, there ia little to doubt that all Of
them will be useful to the public, and will liberal
ly reward that individual enterprise. by which
alone they have been nre expected to be carried
into effect.
Peace has been concluded between the con j.
tending parties in the leland of st. Domingo, and
it is hoped upon durable basis, Such is the ex-
tent Of commercial relations with that island
that the United States cannot fail to feel strong
interest in its tranquility
The office of Commissioner to China remains un.
flled several persons have been appointed and the
place has been offered to Others all of whom have
declined its acceptance, the ground Of the mad
equacy Of the compensation. The annual allow
ance by law is six thousand dollars, and there ia
no provision for any outfit. earnestly recommend
the consideration of this subject to Congress. Our
commerce with China is highly important, and is
becoming more and more so, in consequence Of
the increasing intercourse between our ports
on the Pacific coast and Eastern Asia. China
ia understood to be a country in which living is
very expensive, and know Of no reason why the
American Commissioner sent tEither should not be
placed, in regard to compensation, on an 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 that the aggregate re-
ceipts for the last sca year amounted to 52 ,3i2,-
979 ST. which, with the balance in the Treasury ON
the lst July, $780, gave the available means for
the year, the sum of 5s,9l7 1874 36.
The total expenditures for the period were
$4s,OO5,s7s Gs.
The total imports for the year ending 3Oth June,
1901, were. $2l5, 725,9 95
OF which there were in spece........ 1867 ,90l
The exports for The came period $2l7,5 100
OF which there were Of
domestic products...... s It's, $40 1855 ~
Foreign goods re exported 973S,695
Specie. observation-disclosures. 29,23l $50
--- $2l7 SIT 100
Since the LIST OF December last the payments in
cash account Of the public debt, exclusive of in
terest, have amounted to $7,50l 400 So which,
however, includes the cum of S3.2i2,4 400 paid I'M
der the 18th article of the treaty with Mexico and
the further Of $2,69l,2l3 40, being the
amount Of 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 authorized to be issued to Texas by the
act of 9th September, 1885, was $62, sec, 395 90.
The receipts for the next fiscal year estimated
at s. 81 500 900, which, with the probable unappro
priated balance in the Treasury, the. 30th June
next, will give, as the probable available means
for that year, the sum Of 6325s,743 %.
II 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 Con-
gress in such manner TO distinguish the eKpen-
ditures so required from the otherwise ordinary
demands upon the Treasury.
The total expenditures for the next fiscal year
are estimated ~, s92 299 10, of which there is
required for the ordinary purposes Of the Govern
ment, other than those consequent upon the ncqui-
sition OF Territories, and deducting the
payments on account of the public debt, the Of
$50, ,l9s 0s; and for the purposes connected
directly or indirectly with those Territories, and
in the fulfmcnt of the obligations of the Govern
ment, contracted in consequence OF their acquisi.
ton, the sum of SO $780, 0I IL.
II 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
unappropriated balance in the Treasury on the
3Oth June, 1858, Of $40. 500, 4fs co. whcrewith to
meet that portion of the public debt due on the first
July following, amounting to S6,237,9sl IS, as
well as any appropriations which may be made
beyond the estimates.
In thus referring to the estimated expenditures
on account Of newly acquired Territories,
may express the hope that Congress will concur
with me in the desire thata liberal course Of policy
may be pursued towards them, and that every OBJ
legation, express or implied, entered into in conse-
uuence Of their acquisition, shall be fulfilled by the
most liberal appropra lions for that purpose.
The values Of our domestic exports for the last
fsca. year. as compared with those Of the previous
year, exhibit an increase Of 43,6a6,322 At fret
view this condition Of our trade with foreign
ti,ns would seem to present the most nattcring
hopes Of its 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 is to be found in the high price
OF cotton which prevailed during the frat half Of
that year, which price has since declined about
one half
The value Of our exports oil breadstutis anu p'o-
visions, which Il supposed the incentive OF a
low tariff and large importaiions from abroad
would have greatly augmented. has fallen from
eos. 7ol o2I, in 1917, to 6O5i 1913 in $780, and
10 s2l ,9is e53 in 1851, with strong probability
amounting almost to certainly, Of still further
reduction ia the current year.
The aggregate values Of rice exported during
tho last fiscal year, compared with the pre-
yious year, also exhibit decrease amounting 10
sseo. o17, which, with declino in the values Of
~. .,ro,ts Of tobacco FOR the same period, make
:, aggregate decrease in thcse two articles Of
St,I56,75i.
The policy which dictated low rate Of duties on
foreign merchandise, Il was thought by those who
promoted and established i would tend % heneh'
The farming population Of this country by inorea'-
inv The demand and rpising the price q agrcul'u-
raj products in foreign markets.
The foregoing facts, however, seem to show IN
contestibly that no such result has followed The