The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1851-12-11

| ject to Congress. Our commerce with China is
| highly important. and is becoming more and
more so, in consequence of the increasing inter-
| course between cur 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 Com
missioner sent thither should not be placed, in
reward to compensation, on an equal footing
with ministers who represent this countrH.at the
courts OF Europe.
BY reference to the report of the Sec
retary of the Treasury, it will be seen
that the aggregate receipts for the last fis-
cal year amounted to $50 ,3I2 $40 81 4;
which, with the balance in the Treasury
on the Ist July, 1850, gave, as the avail
able means for the year, the sum of $685.
917, ,524 &c.
The total expenditures for the same period were siaoo
The total imports for the year ending 10Th ofyans Iss
OF which there in specie, 4,gG7, ,90l
The exports for the same period were, s2l7,5l7 3O
OF which were domestic
Foreign goods re-e.ported S7ss,ess
Specie 1891, $50
Since the 1st of December last the ay-
ments in cash on account of the public debt
exclusive of interest, have amounted to
90, sol ,456 Sc; which, however, includes
the sum of SO, ,242 400, paid under the
! 18th article of the 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, ex-
elusive of the stock authorized to be is
sued to Texas by the act Of 9th September
1850, was s62, $50, ,395,26.
The receipts for the next fiscal year are
estimated at SOL 500, 900, which, with the
probable unappropriated balance in the
Treasury, on the 3Oth june next, will give
as the probable available means for that
year, the sum of 63,25e,743 90.
1t 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 Congress in such
manner as to distinguish the expenditures
so required from the otherwise ordinary
demands upon the Treasury.
The total expenditures for the next fs-
cal year are estimated at $42, ,s92 200, 10,
of which there rs required for the ordina-
ry purposes ofthe Government, other than
those consequent upon the acquisition Of
our new Territories, and deducting the
payments on account of the public debt,
| tho sum of $33 3,343,19s 0s J.; and for the
purposes connected directly or indirectly
with those Territories, and in the fulfil
ment of the obligations of the Government
contracted in consequence of their acqui
sition, the sum of 90, ,549,I ,I01 IL.
If 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 o.
Congress, and appropriations made in ac'
cordance Herewith, there will be an esti.
mated unappropriated balance in the
Treasury on the 3Oth of June, 1858, oi
$50 0,366, ,443 80, wherewith to meet that
portion of the public debt due on the first
July following, amounting to s6,237 ,e3l
35, as well as any appropriations which
may be made beyond the estimates.
In thus referring to the estimated ex.
penditures on account of our newly-ac.
quired Territories, I may express the
hope that Congress will concur with me in
the desire that liberal course of policy
may be pursued towards them, and tina
every obligation, expressed or implied
entered into in consequence of their &C
QUESTION, shall be fulfilled by the most lib
eral appropriations for that purpose.
The values of our domestic exports fol
the last fiscal year, as compared with those
of the previous year, exhibit an increase
of $43, GAG, ,322. At first view this con
dition of our trade with foreign nations
would seem to present the most fatterinl
hopes of its future prosperity. An exam
ination of the details of our exports, how
ever, will show that the increased value o.
our exports for the last fiscal year is to b.
found in the high price of cotton whicl
prevailed during the first half of that veal
which price has since declined about one
half.
The value of our exports of breadstuffs
and provisions, which it was supposed the
) incentive of low tariff and large impor
. tations from abroad would have greatly
augmented, has fallen from SOS, ,701 ,921
in ls47, to s26, ,051 1878, in 1850, and t.
$2l ,94s, ,653 in 1851, with strong prob
ability, amounting almost to certainty
of q still further reduction in the current
year.
The aggregate value of rice exported
during the last fiscal year, as compared
with the previous year, also exhibit a de-
crease amounting to $460, ,917, which, will
decline in the values of the exports o.
tobacco for the same period, make an ag
gregatc decrease in these two articles O.
81 ,I56,751.
The policy which dictated low rate o.
duties on foreign merchandise, it wa'
thought by those who promoted and estab
lished it, would tend to benefit the farm
ing population of this country, by increas-
ing the demand and raising the price o.
agricultural products in foreign markets.
The foregoing facts, however, seem te
show incontestibly that no such result has
followed the adoption of this policy. Or
the contrary, Notwithstanding the repeal
of the restrictive corn laws in England
the foreign demand for the products O.
the American farmer has steadily declined
since the short crops and consequent fam.
inc in a portion of Europe have been hap
PLY replaced by full crops and compare
| l.. &c e.