The national era. [volume] (Washington [D.C.]) 1847-1860, 1851-12-04

security to those who should invest their prop
erty in the enterprise.
convention between the two Governments
Tor the accomplishment of that end has been
ratified by this Government and only awaits
the decision of the Congress and the Executive
of that Republic
Some unexpected difficulties and delays have
arisen IN the ratification of that convention by
Mexico but ii is to be presumed that her dec-
sion will be governed by just and enlightened
views, as well Of the general importance of the
object, as of her own interests and obligations.
In negotiating upon this important subject.
this Government has had i'm view one. and only
one, object. That object has been, and is the
construction or attainment of passage from
ocean to ocean, the shortest and the best for
travellers and merchandise, and equally open
to all the world. 1t has sought to obtain no
territorial acquisition, nor any advantages pecu-
liar to itself; and it would see. with the great
est regret that Mexico should oppose any OBJ
stacie to the accomplishment of an enterprise
which promises so much convenience TO the
whole commercial world and such eminent ad-
vantages to Mexico herself Impressed with
these sentiments and these convictions. the
Government will continue to exert all proper
efforts to bring about the necessary arrange
ment with the Republic of Mexico for the
speedy completion of the work.
For some months past, the Republic of Mic
aragua has been the theatre of one of those
civil commissions from which the cause of free
institutions, and the general prosperity and So
cial progress of the States of Central America,
have so often and so severely suffered Until
quiet shall have been restored, and n Govern
ment apparently stable shall have been organ
lied, no advance can prudently be made in dis
posing of the questions pending between the
two countries
AN happy to announce that an inter-ocean-
ic communication from the mouth of the St.
John to the Pacific has been so far accomplish
ed as that passengers have actually traversed
it and merchandise has been transported over
it and when the canal shall have been COM
peted according to the original plan, the
means of communication will be further i'm
proved.
1t is understood that considerable part of
the railroad across the lsthmus of Panama has
been completed, and that the mail and passen-
gers will in future be conveyed thereon.
Whichever of the several routes between the
two oceans may ultimately prove most eligible
for travellers to and from the different. STATES
ON the 1asya,s1,Aa az. y e 49,, sd r~'-
coast on ihebp Pacific there ~ little reason to
uoupt that an 81 taein ,Nln he ntsn a., ,,.v ,s,,-
lie, and will literally reward that individual
enterprise, by which alone they have been or
are Expected to be carried into effect
Peace has been concluded between the con-
tending parties in the Island of ST. Domingo,
and it is hoped upon durable basis Such is
the extent of our commercial relations with
that island that the United States cannot fail
10 feel strong interest in its tranquility
The Office of Commissioner to China remains
untitled several persons have been appointed
and the place has been offered to Others all of
whom have declined its acceptance, on the
ground of the inadequacy of the compensation.
The annual allowance by law is six thousand
dollars, and there is no provision for any out
it, | earnestly recommend the consideration
of this subject to Congress. Our commerce
with China is highly important, and is becom-
ing more and more so, IN consequence OF the
increasing intercourse between our ports on
the Pacific coast and Eastern Asia China is
understood to be country in which living is
very expensive. and know of no reason why
the American Commissioner sent thither should
not be placed, in regard to compensation, on an
equal footing with the 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 receipts
for the last fiscal year amounted to S52,3l2, 979S7
which, with the balance in the Treasury the LIST
July, 1850, gave the available means for the year
the sum Of $5S,9l7,52436
The total expenditures for the same period were
S4S 005, 87S68
The total imports for the year ending 3Oth June
1851, were S2l5,725,99s
Of which there were in specie 1857 ,Q0l
The exports for the period $2l7, SIT l3t
OF which there were of
domestic products $i7S,546555
Foreign goods re-exported 9,I3s695
Specie 29,BlSSO
Since the lat of December last the payments in cash
account Of the public debt exclusive of interest
have amounted to S7,5Ol 1886 which, however, in
cludcs the sum of $32424O0 paid under the 18th
article of the treaty with Mexico, and the further
| Of 1881 ,2l3.45. being the amount Of awards t.
American citizens under the late treaty with Mexico
for which the issue of stock authorized but which
was paid in cash from the Treasury.
The public debt on the 10Th ultim0, exclusive o
the stock authorized to be issued to Texas by tho
of 9Th September, 1850, was S62 ,395.26.
The receipts for the next fiscal year estimated
at $5l 200, which, with the probable unappro-
priated balance in the Treasury on the Both June
next will give rs the probable available means for
that year. the sum of 1853, 25S, 743.09.
1t has been deemed proper IN view Oh tue idfRc
pendtures consequent upon the acquisition of terri
tory from Mexico, that the estimates for the next
fiscal year should be laid before Congress in such
manner as to distinguish the expenditures required
from the otherwise ordinary demands upon the
Treasury
The total expenditures for the next fiscal year are
estimated at $ 1922 299 49, of which there required
for the ordinary purposes of the Government, other
than those consequent upon the acquisition OF our
new Territories, and deducting the payments on ac-
connt public debt the of x33 3J3 1913 tiS
and for the purposes connected directly indirectly
with those Territories, and in the fulflment of the
obligations of the Government contracted in eonse-
auence Of their acquisition, the of $3.50 l0lll
II the views Of the Secretary Of the Treasury in
reference to the expenditures required for these Ter
ritores shall be met by corresponding action on the
part of Congress and appropriations made in accord
ance Herewith, there will be an estimated unappro-
priated balance in the Treasury the 3Oth Jnne,
1853, of $40 366 4i39O. wherewth to meet that por
ton Of the public debt due the first July following,
amounting to So 237 93 80. well any appropria-
tions which may be made beyond the estimates.
In thus referring to the estimated expenditures on
account Of newly acquired Territories, may cx-
press the hope that Congress will concur with me in
the desire that liberal course Of policy may be pur
sued towards them and that every Obligation express
or implied entered into in consequence OF their ac-
question: shall be fulfilled by the most liberal appro
priations for that purpose.
The values Of domestic exports for the last
fiscal year NJ compared with those Of the previous
wear exhibit an Increase of $436i63 800. At first
view this condition Of trade with foreign nations
would to present the most atterng 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 first half Of that year, which prco has since
declined about one half
The value of our exports Of brcadstuhs and pro-
visions, which II was supposed tho incentive on low
nd lara abroad WOu!d
greatly augmented. has fallen from S6s,10l,92i IN
lS47 TO $26 1873 in 1850. and 20 S2l ,94S653 IN
1851 with strong probability, amounting almost to
certainty, Of still further reduction in the current
year
The aggregate values Of rice exported during the
last fiscal year. as compared with the previous year
also exhibit decrease amounting TO $4GO,9l7 which
with decline in the values of the exports Of tobacco