The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1851-12-10

Since he LEI nf Decem5vr last The paw
menss IN rash on account OF The public
debt. exclusive of inirresi. have amounted
10 81. sol .f55 Sc; which. however. IN
eiude. lie sun rfs3. AZ. 400 paid under
lie I2,h article Of ihe treaty with Mexi-
en-. aud The farther sum Of s2.59l.2 els As.
being The saonni a. awasds % American
citizens snirr the late treaty with Next
~. or uhirh the issue Of stock was au-
fhoiizsd. bu, which was paid incasil from
ihe Treasury.
The public debt on The 20lh ulIimo. ex-
elusive OF The stock aulhorizcd 10 be is
sued to TEXAS by The acl OF The OH Sep
iemhrr. 1850. was 62.560. 395 20.
The receipts of the fiscal year are es'i.
mated ., s5i.s0O.O00. whirli. with The
probable unsppropriaied balance in tie
Treasury. on The 30ih June. next. wall
give. as he probable available means for
thai year. The sum Of s63,25s.7i3 90.
II has been deemed proper. in The view
81 the large expenditures consequent npon
The acquisition &c territory frnm Mexico.
that he estimates Tor the next f-cal year
should be laid hefnrc Congress in such
manner as 10 distinguish The expenditures
50 required from The otherwise ordinary
demands upon lie Treasury.
The total expenditures Tor The next is-
cal year are estimated at sl2.s92 200 10.
Of which there is required Tor The ordina-
~ purposes If Government. o her ihsn
those consequent upon The acquisition OF
our new Territories. and dedncljng the
payments on account Of the public ie't.
The sum Of s33.3f3.l0s oS; and for he
purposes connected directly or Indirectly
with those Territories, and in the fultil-
menl of the obligations OF The Govern
meni, contracted in consequence Of their
acquisition. The sum Of s9,549,l0l II.
II the yiewsiof slhe Secretary of The
Treasury in reference 10 The expenditures
required for these Territories shall be met
by corresponding action on the part of
Congress. aud appropriations made in ac-
cordance herewith, there will be an esli-
mated unappropriaied balance in The Trea-
aap& s.,n the 30lh June, 1853. Of S20.S66.
4i3 Oh. whrrewih 10 meet that porlion
of the public debi de on the first July
following. amounting Ia S6.23793l 30.
as well as any appropriate. ms which may
be m,de beyond llle estimates.
III thus referring 10 the estimated lex
penditires on account Of our newly ac-
quired Territories. may well express
the hope that Congress viii concnr with
me in lie desire that a liberal course &c
policy NAV be pursued towards them, and
that every obligation. expressed' or inn
Piled. entered into in consequence Of their
acquisition. shall be fulfilled by The mosi
liberal appropriations for that purpose.
The value OF our d .,nestic expoIls.fnr
The las, fiscal year. as compafec with
those Of Tie previous year. exhibit an in
crease OF Si3.6i6,322. AT Il ST view this
condition. Of our trade with foreign llions
would seem to present tic most llaiieIing
hopes of its future prosperity. Anexaml-
nation nf lie details %! our exports. how
ever, will sho& thai The increased value
Of our exports for the last fiscal wear is 10
he founs IN The high price OF COTTON which
pr vailed ,lurirg The FIRST hall oi that year,
which price has since declined aSoul one
half
The value of our exports Of hreadstulls
and provisions. which II was supposed
the inreni We OF low tariff and large inn
pnrlalions from abroad would haze great
" augmented, has fallen from S35,701.92l
in 1917. 10 S26.05i 373 in 1850, and 10
s2l SO 1853 in 1851. with strore pro-
babiiiiy, amounting almost 10 cefiaitiiy,
of a still further reduction in The current
wear.
The aggregate values Of rice exported
tlnring the last fiscal year. as compared !
with the previous year, also exhibit de- I
crease amounting 10 Si6O. IL. which. v ilh |
a decline in the vanes Of Tie eS ports 81 To-
5acco CIR The same Period. make an ag.
gregaie decrease IN these two articles Of
sl.l56.75l.
The policy which dictated low rae
of duties on foreign merchandise. /, was
thought by those whn.promuled and .es-
u, Wbdiu III Otipllt Tile
farming population Of This country. Hy in
creasng The demand aud RAISING lie price
Of agricultural products il foreign mar
keis.
The foregoing 'fac's. however. seem Ia
show incnniesilhly that no such result
has followed The Adoption of ihls policy.
DIR {he contrary. notwithstanding the re-
pcaiofihe restrictive tdtr laws in England,
he foreign demand ftif the products nf lie .
American farmer has steadily declined, !
since lite short crops and consequent "a
nine in a piriion Of Europe have been
happily iepiaced by tul crops and COM 4
raraiise abundance Of food 4
u will be seen. by recurring 10 the com. ,
ilercsal statistics Cor HE past year. il.ai {
= Nof our domestic exports has /
creased in tie single iieii Of raw 4
s4O,000,ce0, over The. value Of