Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1851-12-11

,524, SO. The total expenditures for the
same period were Sis, OO5,s7S "a. The total
imports for the year ending June 30th, 1851,
were S2l5,725,995, of which there was III spe-
Gle, $l9.619ool. The exports for the same Pc
Rod We're salt ,5l7 100; Of which there were
of domestic products SITS, ,555, foreigr,
goods re-expor'ed, S9,73S,695; specie, $40, 23l ),
SS'l-total, S2l7 ,5l7, 100.
Since the first of December last, the pay
ments In cash on account OF the public debt,
exclusive Of interest, have amounted to 81 1901,
456 Of, which, however, includes the sum Of
1929, 400, paid under the 18th article of the
treaty with Mexico. and the further sum OF S.,
sol ,2l3 45, being that amount of awards to
American citizens uuder the late treaty with
| Mexico, and for which the Issue of stocks was
authorised, but which was paid i'll cash from the
! Treasury.
The public debt on the a5th ult.. exclusive
of the stock author zed to be Issued to Texas,
by the act of 9th September, 1850, was So; 800
9o 26.
Tie receipts for the next Gsca! year are es-
timated at SOL 800. 900, which, with the proba-
BILE unapproprated balance in the Treasury, Oh
the Both June, will give, as the probable avalla-
BILE means for that year, the sum OF 63, 25S, 7i3
1t has been deemed proper, in view of the
large expenditure consequent upon the acqusi-
| tion OF territory from Mexico, that the esti-
mates for the next fiscal year should be laid be-
fore Congress in such manner as TO distinguish
| the expenditures required from the otherwise
ordinary demands upon the Treasury. The to-
| tai expenditures FOR the next fiscal year are es-
timated at S,2 ,S92 800 10; of which thers is re-
| quired for the ordinary purposes of the Gov
| ernmen, other than those consequent upon the
acquisition of our new Territories, and deduct
| ing the payments on account Of the pubic debt,
the sum of $34 ,343. l9S 56; and for the purpose
connected directly Or indirectly with thoSesfer-
rtories. and in the fultilment Of the oblie ations
| of the Government, contracted in consequence
| of these acquisitions. the sum of Ss.5i9 l0l If
| the views of the Secretary of the Treasury, in
reference TO the expenditures required for the
| Territories shall be met by corresponding &C :
| ton on the part of Congress, and appropriations
| be made in accordance Herewith, there will be
! an estimated unappropriated balance in the
| Treasury, on the Goth January, 1853, of $780,
| 800, ii3 80, wherewith to meet that portion of
the public debt due on the LIST of July following,
amounting to S6,231 ,e3l 50, as well as any APP
preparations which may be made beyond the es-
Inmates. In thus referring TO the estimated ex-
| penditures on account of our acquired Terrific
| res, may express the hope, tibet Congress will
concur with me in the desire thai liberal course
of policy may be pursued towards them, and
| that every obligation, expressed or implied en-
| tered into in consequence of their acquisition.
shall be fulfilled BY the most liberal appropra-
tons for that purpose.
| The value OF our domestic exports for the
| last fiscal year, as compared with those of the
| previous year, exhibits an increase Of S43,646,-
| 322 At the FIST view, this condition OF our
| trade with Foreign nations would seem to pre-
| sent the most fatterinshopes of its future pros
perlty. 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 pre-
| vailed during the first part of that year, which
| price has since Declined.
| About one half ;he~xalue of our exports of
| breadstHfs and provisions. which it was sup
| posed the incentive of a low Tariff and large
| imrortaiions from abroad would have greatly
augmented, has fallen from sos 70l ,a2i in lS47.
TO S.6.95i 1873 in 1850, and 10 S2l 1913, 653 IN
| 1851, with strong probability, amounting al
| most TO &c: tainty, Ola still further reduction
| in the current year.
The aggregate values of rice exported during
the last fiscal year, as compared with the pfevi-
Gus year. also exhibits a decrease. amounting TO
5 46o,9l7, which, with decline IN the values Of
the exports of tobacco for the same period.
make an aggregate decrease in the two articles
of Sl,l56,75l. The POLICY which declared
low rate OF dntics on tofegn merchandise. it
was thought by those who promoted and estah-
liShed 1t, would tend 10 benefit the farming pop
nlatton of this country, by Increasing the de-
mand, and raising the price. of agricultural pro-
duets IN foreign markets. The foregoing facts
however, seem 10 show inconie<,ahy, that no
| such result has followed the adoption of tins
| policy. On the contrary, Notwithstanding the
| repeal OF the restrictive Corn-laws in ENGLAND,
| the foreign demand for the products of the
American farmer has steadily declined since
the short crops, and consequent famine in a
portion of Europe. have been happily replaced
by full crops ami comparative abundance of
| food
| 1t will be seen by referring 10 the commercial
statistics OF the past year, that the value of our
| domestic exports has been increased in the sim
! gle item or raw Gotten 100000 over the value
! OF tina; exported for the year preceding. This
! is not due to any increased general demand for
I that article, but to the short crop Of The prece
! ding year, which created an increased demand
| and augmented pIce for the crop of last year,
o;"a the cotton crop now going forward to
market, be only equal in quantity to that of the
year preceding, aud be sold at the present pri-
ces, then there would - falling off in the val
ne otour exports, for the present fiscal year, of
at least, 100000, compared with the amount
exported for the year ending Both jane 1851.
lRe production o! gold IN California for the
past year. seems TO promise large supply Of
TINS metal from that quarter, for some tine TO
come. This large aa'tga. increase of the cur
rency OF the world, must be attended with its
usual results, These have been already par
tally disclosed in the enhancement OF prices,
and rising spirit of speculation aud adventure,
tending to over-trading, well at home as
abroad. Unless some salutaTy cheek shall be
gven TO those tendencies, il is to be feared that
lmportatons of foreign goods, beyond healthy
demand IN this couatsy, will lead to sudden
drain OF the precious metals from US. and bring
WITH II, as ii has aone IN former times, diSaS-
nous consequences TO the business and the
capital Of the American people. The exports
OF specie, 10 hquiGate our foreign debt, during
the past fiscal year, have heea So, 2aS ,9.6 over
tae amount of specie lmpor,ed, The exports OF
specie, during the FIRST quarter of the present
fiscal year, have been Sa,6Sl >Sa7 Should spe-
Gle coatlnUe 10 be eNparted al tbs rate Tor The
remaining three-faarthS Of this year, il viii
dram from our metallic currency, during the
year ending Sota January, 1882, the enormous
amount olSaS,6o7, sos.
Ia the present prosperous condition vi the
national finances, il VIII become the duty Of
Congress to consider the best mode Of paving
of the public debt Ii the preSeat anticipated
surplus IN the treasury should not he absorbed
hy appropriations OF an extraordinary character,
thus surplus should BE- employed in such way,
and under such restrictions as Congress may
enact, IA cN'hsuiSh ng the outstanding debt Of
the aation,
BY reference 10 the act OF Congress approved
alh OF September, 1850, il will be seen that, in
consideration OF certain concessions hv the
State Of Texas, il is provided, that the United
States shall pay 10 the State OF Texas the sum OF
ten millions Of dollars, in u stock bearing five
pNr NH AMI 4, a A