Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1851-12-16
pleted, and that the mail and passkr

" llCneNcf pl bli0 SSfSRdI pVuESo
between the two oceans may ulii
mately prove most eligible for tr4v-
elIers 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 oil Of I'm
viii DC useful to tile public, az d Will
literally reward that indi4idu4l fn-.
terpfise by which alone they bal e
been or are expected to be carried IN
TO effect.
Peace has been concluded De
tween the contending par ID d be
Island of ST Domngo, and, it is
hoped, upbn DURABLE basis. SUI il
is the extent Of our commercial re
lations- with that island, that the U.
States Cannot fail TO fcel la strong
interest in its tranquility.
The office Of Commissioner to
China remains untitled; several per-
sons have been appointed, and the
place has been offered to others, all
Of whom have dccI lined It's acceptance,
on the ground Of the inadequency of
compensation. Tile annual allowance
by lawEis six Thousand deIklrs; and
there is no provision fr an outfit.
]. earnestly recommend the consider
alton Of this subject to Congress.
Our pommmerce with China is high
ly important, and is becoming more
and more so, IN consequence of the
increasing intercourse between our
ports on the Pacific coast and East
ern Asia. China is understood to
be a country in which living is very
expensive, and | know of no reason
why theAmerican Commissioner sent
tRither should not be placed, in re-
gard to compensation, on an equal
footing with ministers who represent
I'tAis country at the courts Of Europe.
BY reference to the Report of the
| Secretary of the Treasury, it will be
seen that the aggregate receipts for
tie last fiscal year amounted to S52,-
312,979 81, which, with the balance
in the Treasury on the lst July,
1850, gave, as the available means for
tie year, thq sum Of $685. ,524 SO.
The total expenditures for the
same period were S4S,005,S70 G8.
The total impo 1s for lhe Year
ending 3Oih June, 1851,
, were S2l5.7e5 995
I Owl ich there were in specie 1867 ,9Ol
The expous for The same Pc
nod were S2l7.5l7,l30
Or which there
were Of domes.
tic PRODUCES Sf7e,546.555
Foreign goods Il
re-exporled e.738t695
Specie 29g93ll980
Since the lst of December last,
the payments in cash on account 81
the public debt, exclusive of interest,
have amounted to S7,501,456 Sc;
which, however, includes the sum Of
1922, 100, paid un der the 18th
article of The treaty with Mexico, and
the farther sum of S2,59l,213 Al,
being the amount of awards to Amer
lean citizens under tn late treaty
with Mexico, for which the issue Of
stock was authorised, but which was
paid in cash from the Treasury.
The public debt on the goth ulty
exclusive of the stock authorised to
he issued to Texas by the act Of 9th
Sept, 1850, was SG2,560,395 26.
The receipts for tile next fiscal
year are es timated at S5l,S00,0O0,
which, witch the probable unappropri1
aied balance in the Ire asury', on thf
3Oth Jane next, will Civ ,as the prob
able apailab bic means for that year
the sum of $63,25S,745 90.
1t has been deemed proper IN view
Ol the large eXpeudItdrpS conSeq lehf
upon the acquisition Of territory
from Mexico. that the estimates for
the next fisesa year hopld be laid
before Congress III such manner as TO
distinguish the Expenditures so re-
CURED from the ordinary demands
upon The Treasury.
The total expenditures for the next
fiscal year are estima ted at S42, 991,-
200 I9, of which there is required
for tie ordinary purposes of the Coy
ernment, other than those consequent
upon the acquisition Of our new Ter
ritMies, and deducting the payments
on account Of the public debt, the
sum Of 3,343,I90 0S; and for the
purposes connected directly OF indi-
rectly with those Territories, and in
the f,lfIlmelt Of the obligations Of
the Gyyernment, contracted in con-
sequence of their acquisition, the
sam of S9.549,J0l IL.