American telegraph. [volume] (Washington [D.C.]) 1851-1851, 1851-12-02

in future be conveyed thereon.
Whichever OF the several routes between the two
may ultimately prove most eligible for ira,
yellers to and from the different States the At
lantc and Gulf of Mexico and our coast on the
Pacific, there is little reason TO doubt that all of
them will be useful to the public, and will liberal
ly reward that individual enterprise, by which
alone they have been expected to be carried
into effect.
Peace has been concluded between the con-
tending parties in the leland of ST. Domingo, and
it is hoped upon durable basis. Such is the ex-
tent of our commercial relations with that island,
that the United States cannot fail to feel strong
interest in its tranquility.
The Office of Commissioner to China remains un-
filled; several persons have been appointed and the
place has been offered to others, all of whom have
declined its acceptance, the ground of the mad
equacy of the compensation. The annual allow.
ance by law is six thousand dollars, and there is
no provision for any outfit. / earnestly recommend
the consideration of this subject to Congress Our
commerce with China is highly important, and is
becoming moro 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 ia
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 ministers who represent this country
at the courts of Europe.
By reference to the Report of the Secretary of the
Treasury, it will be seen that the aggregate re-
ceipts for the last fiscal year amounted to $685.
979 81; which, with the balance in the Treasury on
the lat July, 1885, gave, the available means for
the year, the sum of $5S,9l7 1874 SO.
The total expenditures for the same period were
$4S,005,S78 6S.
The total imports for the year ending 3Oth June,
1901, were. ......... SS2l5 ,995
OF which there were in specie. 1867 ,90I
The exports for the same period were $2l7, $50
OF which there were of
domestic products...... s It's, 546,555
Foreign goods re-exported 9,73S,695
Specie. .................. 29,23l $50
Since the lst of December last the payments in
cash account of the public debt, exclusive off
terest, have amounted to $s7,50l ,456 Sc; which,
however, includes the sum of 1922, 400 paid un-
der the 18th article of the treaty with Mexico, and
the further Of $2,59l,2l3 as, being the
amount of awards to American citizens under the
late treaty with Mexico, for which the issue of
stock authorized, but which paid in cash
from the Treasury.
The public debt on the goth ultmo, exclusive Of
the stock authorized to be issued to Texas by the
act of 9th September, 1850, was $62 $50 1896 &c.
The receipts for the next fiscal year estimated
at $Gl 100000, which, with the probable unappro-
priated balance in the Treasury, on the S0th June
next, will give, the probable available means
for that year, the sum of $63, 25S,7 90.
II 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 Con-
gress in such manner to distinguish the expen-
uIrures 50 required from the otherwise ordinary
demands upon the Treasury.
The total expenditures for the next fiscal year
are estimated at 42, 1892 299 10, of which there is
required for the ordinary purposes of the Govern
ment, other than those consequent upon the acqui-
sition of our new Territories, and deducting the
payments on account of the public debt, the Of
$33, 343, 1893 0S; and for the purposes connected
directly or indirectly with those Territories, and
in the fulflment of the obligations of the Govern
ment, contracted in consequence of their acquisi-
ton, the sum of $9,549,lOl 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
the part of Congress, and appropriations made in
accordance Herewith, there will be an estimated
unappropriated balance in the Treasury on the
SOth June, 1853, of $20,366,443 80, wherewith to
that portion of the public debt due the first
July following, amounting to $6,237 ,93l IS, as
well as any appropriations which may be made
beyond the estimates.
In thus referring to the estimated expenditures
on account of our newly acquired Territories,
may express the hope that Congress will
with in the desire that liberal of policy
may be pursued towards them, and that every OBJ
legation, express or implied, entered into in conse-
quence OF their acquisition shall be fulfilled by the
most liberal appropriations for that purpose.
The values Of our domestic exports for the last
fiscal year, as compared with those of the previous
year, exhibitan increase of $43,646,322 At frat
view this condition Of our trade with foreign ma
tiJns would seem to present the most flattering
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 fret half Of
that year, which price has since declined about
one half.
The value ofour exports of breadstufTs and pro-
visions, which it was supposed the incentive OF
low tariff and large importatons from abroad
would have greatly augmented, has fallen from
Sos, 70l, 92l in ls47, to $26O5l 1873 in 1850, and
to S2l ,94s, 653 in 1851, with strong probability,
amounting almost to certainty, Of a still further