Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-01-09
ANNUAL REPORT OF THE SECRETARY OF THE


Wchave this documen, length in full MS it goes into
Congress. Much the matter contained therein has been
anticipated in the other department reports &c 1t opens
with detailed statement OF the receipts and expenditures Of
Government, during the year June 80 leo and the
estimates for the June 60 1882 which nave ocen be-
noted table is given showing the increased cxpen-
dures {S9549 0S0 2 account Of our new territorial pos
sessions towards which liberal policy recommended, as
they will ultimately amply repay the present expenditures by
permanent and powerful augmentation OF The national
wealth. Add for The ordinary expenses OF the government
per estimates $50 3i3 PIG o. and we have the sum OF
Treasury for the fiscal year. leaving the report says an
esnat balance the Treasury, the s OF July 1883
$50 366 4i3 CO. This sum- it Is believed will be ample TO
meet The amount requirei that day for IN: redemption Of
the 1918 then dGe Of sc 93l 49, aud such addi-
oual appropriations beyond the estimates submit ed ns uy
be made dning the present nhd next sessions o. Con-
The table OF the public debt published in the Sun last
week i. then given and The piM of the report including
important recommendations by Mr.. Cown The subject
oil the Tariff iron interests, &c. succeeds as ollo~s:-
MEANS.
Tn. receps from custo for the last fiscal year, rs be-
fore stated were upwards Of forty nine millions oi dollars
Snould our por,arions Of foreign merchandise for the cur
n, and fiscal equal those OF the past year ne
revenue iron, that source for The three ending 3Uh
June 1853 will have been about Sl5O0OO0OO. Aside from
demands upon line treasury Tor our NJ" territories ms sun
would have been sufficient 20 have met TIE ordinary cSps
ses OF tie government aud have qudlcd the entire pub
lie debt Notwithstanding those extraordinary demands
! ere has effected, since lie first Of December Last
redemption nf the registered debt TO the extent ~
SSH During the fiscal year the luaa OF 81
March 1919 due a. july 1853 must be provided for aud it
cxpcc. may paid in cas out of the receipts from The
usual Sources The Amounts o the land fund 10
be nvss, in accordance with law will probably amount 10
abou, 1925 900. The old uaIcd and uniGnded debt with
the annual payments account Of the debt 81 the District
cics NIL probably further sum OF SCI S00 ma
kin. aggregate proposed redemption nl the public deb!
Gurin. the fiscal year Of 1924 1872 50.
The premiums paid S2523 zoo oi certificates OF Gov
eminent sock purchased market rates amounted 10
S25 655 "a or t,st OF than 0neei2ht OF the en-
tire eUl purchased These rates, applied TO the wno!"
debt az stood the 10Th November last wnnid require Tor
its ond,on in addition - that amount about the oi
c. is llul
follow knuwn demand by The Government.
Ii NAV Will be questioned whether sound policy does not
demand that discretion shall be given 10 The Depart
meat purchase. of any available surplus revenue,
sound stocks when b. done at or near par value
10 hel q sinking iud towards the redemption Of The
public debt becomes DUE and thus save 10 the govern
ment the large PREMIUM which otherwise will be required in
the redemption by purchase at market prices OF the stock
of The United States In the opinion Of THIS Department
such is desirable and is submitted for such action
thereon : may be thought exPedient.
The ionnunge the 18th September, 1850 extend
ing grants lands has prevented the warrants Issued by
virtue thereof rom passing into the hands oil the actual set
tiers by assgnmen and consequently the receipts from that
source hive seriously affected by tina, act. The
ccps from sales Of the public binds Tor the quarter ending
30in September last indicate revenue from that source for
the current wear OF upwards OF two MILL ms Of duars. Any
excess Of receipts the expenses connected herewith
already ppruprac and therefore those receipts whether
less affect the ba!anc" in the Treasury SUBJ
i.c appropriation the end Of The fiscal year The great
or less OF public debt redeemed will depend upon
the Increase dminu"n OF such receipts The ressnus
from imports consequently is the great source upon which
The country has Gepcrd for the means TO carry On the gov
eminent.
The xpcctcd addition to the boundaries Of country
covering an area of than five hundred and twenysx
Thousand SQUARE miles has without doubt been OF
The lae and sudden increase OF Our foreign mportaons,
consequent increased receipts from cust1n chhHs our
expenses consequent upon such acquisition nave more .a
kept increase receipts AMI they veil remain
permanent charges upon the Treasury Revenue 10 nee.
these required expenditures must be provided io "a u
during p,iud when public debt maturing - cur
rn f one moment be thought advisable 10 pre-suppose
renewal Of any portion Of such debt ana therefore II s'ona
be aim OBTAIN r. venue suihcIent 10 meet .lese
ring liabtitles, III auuil''n ~ "'o '""" s'f - "
Government.
b rccips from all sources for the last fiscal AMOUNT
', ed 't to ''0''' s52sl3979 81
~ ao,r,,,;otons 10 5l43S Ala d6
pa;,n ., aycs.s Of receip,s OF 1865 81
The estimated aggregate receipts for the currcn, fiscal
wear are lced al SOL 100000 The expenditures as est'
mated and appropriated to S5O9oJ2 81 being an
Of estimated receipts over estimated expenditures VI
S547. 09T Ill.
s5 400 DO0 the expenditures S42 S92 800 49, being
rr:s OF RECEIPTS over expenditures 50 90 700 ST. Making
an estimated excess oi receipt over exucndlrr
Tor the three wears ending 3!h june 1858 of s0339 1853 3d.
subject however reduction 10 the extent OF any appIo
urntios which may be- made for this or the next fiscal
YEAR additional the estimates submitted
Should Congress appropriate meet the ordinary wants
of the government and the expenditures required by
nr uey territories as submitted BY this Department. the
h,auce AT The cloe of the fiscal year. ending Both June,
1853 viii BE- sufficient meet the amount required
on the first of July foil" COR The redemption OF the pue-
l.c debt due on that day
The question presents iisc in view OF the absolute
sity continuance Of The present receipts from cnstos
whether in all the branches Of the industry OF cur county
there is healthy and vigorous action which IS int OASIS
substantial ana lasting prosperity. Nlhout Inns we cal
with certainty presume upon any fixed amount OF conn
receipts.
me gross exports for the las, fiscal year amounted TO
1885, of which there Of snecic s29 o?O and
foreign merchandise c-exported ST. w. rnring ~
the exports of domestic productions the sum oil 800
This presents large Increase upon Ike exports o any pre-
vuus vea and exceed. that OF Inc asi Scal year IN me
sum OF 43 646 22 regret that this increase IS merely OF
m Incidental nature aud likely 10 be conned 10 the year
Jus, past ,,-o :,
Dn 63 SCI GUI VI cotton, At an average value al
IL cenls pr pound giving aggregate value OF SIlgoi-
6l6 while o2G COZ 269 pounds exported the year revds
Us valued S5G 395 SCI For tie year ending SUN June
s, there were exported 92 23 0S9 pounds valued al
81 averaging II lllO0 cents per ponnf .as sSons
an apparent in the value ri This staple alone over tha
of the cvious year, Of SiU 5oUiOl
The very deficient crop lSl950 caused an enhancement
value cotton of neatly double lat ol ls previous
year and sI farther advance upon The average pfce OF
e last year. thus giving the large cxc1ss IN Inc "Ese
value OF the exports before stated Il nust be booe IN mini
however ihat these values reported are not always Inc
prices realized sales abroad They are Inc declared Va
cs II IN. exporters from country, against whc bills
exchange usually drawnani not the prices received
on actual sales and notorious that the Immense o''
srs on the SHIPMENTS during the last Year have re-
uced actually realized by the sales IN Eu'"ic
very far below The official value in the custom onse returns
The crop present year has exceeded that "i the last
and will its abundance pro5atl restore the aggregate
value ~ the average OF previous years.
The Of brcadsulis AMI provisions IN 1871 W. re
Sj5 FOL 92i in S9 SIS 5ooUl and in leo! 5bo5
while latter exceeds the exports of 1870 when The corn a"
OF England in u.l force, only 81 S5!,llS.
The exports of rice for the las, fiscal yea, "a coI2aTcd
previous cxhait d'celsr ut SibU9 i and
that Tobacco decrease q" S19o,S3 The pr"duets o.!
planting aud agriculture Tor the have been nnusu-
aly large All Europe, with incusieraoe exceptions, has
cen blessed with ike abundance and without nexec
seriously affecting The kets abroad
there eyefy anticipate still further decline In
our exports for the coming year,
Our total imports for the last amount to 2lo o99o
dollars producing OF than forty nine millions
of dofs The balances o trade during that period IN ad-
dtun The large Of tho various stocks oil the coun-
try caused export upwards of twenty nine millions OF
specie TA eSno; OF the precious metals still continues,
AID ,its Increasing ratio. saving amounted aeany
in the frs I've months Of Ii" cr2c, fiscal year TO - o94 $50
to!trs sary equal tac export vr Inc e"iie
year, ending SJI June, 1851.
This increased ratio 10 the export OF specie continues not
wthstandng large supply OF foreign exchange pedca-
upon The shipment of the crop, which is now a-
pdly reaching the the South and is OF course
going forward the European markets in very large guam.
titles When the bulk of this crop has been shipped, and
supply of hills consequently diminished te tx
port demand for specie will of be s further increas
ed unless there should be nrge falling oil in the heavy
| inporaiions Of foreign productions.