Semi-weekly Camden journal. [volume] (Camden, South-Carolina) 1851-1852, 1852-01-16
REPORT OF THE SECRETARY OF
THE TREASURY.

THE TREASURY.
This document, which has been unusually
DELAYED, Was communicated to Congress on
the 9TH inst Tie following is portion of an
abstract of its contents, made by the Wash
ington Republic:
The total receipts of the country from all
sources, during the last fiscal year amounted
to S52,3l2,979 81; to which must be added
ST, 1904 ,:544 40, the balance i'll the Treasury on
the lst OF July, 1850. The expenditures da-
ring the same period were S4S,0Ul,S1S Is,
leaving balance in the Treasury on the lst
Of July, 1851, of Sl0,9ll, ,6i3 6s.
The receipts of the first quarter of the cur.
rent year bavc been SIS, Sol ,5ll SO: and ii is
estimated that the whole year will realize S5l,'
100000 This is exclusive of the existing bal
ance Of $lO,9ll, ,645 IS. The expenditures
arc calculated at S5O.952, ,992 50; leaving an
estimated balance on the lst Of July next, OF
Sll,45S,743 09. 1t is estimated that for the
following year ending Both June, 1852, the
aggregate means will amount to S63, ,25s, TAB
o. against an expenditure of S42, ,S02,239 l9.
The latter sum is Of course subject to an in
crease to the extent Of any appropriations that
NAV be made for this or the next fiscal year ad-
ditonal to the estimates submitted with the re-
port.
Mr.. Corwin expects that ample means will
exist on the lst Of July, 1853, for the redemp-
ton of the loan of sc, ,237, ,O3l 35, then due
During the past year, reductions amounting to
Sl,G67,S ,S53 ll-exclasve of the payment OF
the Mexican indcmnity-have been effected
upon the public debt, which now amounts to
SG2, $3.50, 395 2G The report recommends the
purchase of sound State stocks, when it can be
effected favorahly, with view to the redemp-
ton of the public debt as it becomes due
Such Il course, it is remarked, will save to the
Government the large premiums which must
otherwise be paid.
The receipts from customs in the year en-
braced in these accounts are set down at S49,-
0l7,567 81, and for the first quarter Of the cur
rent year at Sl5,56l ,5ll SO. 1t appears that
the gross exports of the year, amounting to
S2l7,5l7, l30, the exports of domestic produc-
tons amounted to Sl7S,546,555; but MIR. Cor.
win regards the latter, which exhibits an excess
over the previous year, as having been intuen-
ced BY accidental and temporary circumstan-
ces OF these, the principal was the deficient
crop af cotton of 1890; but it is assumed
that the abundant crop Of the present year will,
in all probability, restore the aggregate value
to near the ordinary average The exports Of
breadstuGs and provisions have fallen from SOS,
7Ol, 92l in lS47, to So, ,94S,653 in 1851; the
latter amount exceeding by only s2,SSl i Is
the value Of the exports of lS40, when the Brit
ish corn law was iii full icrcc
The total amount Of specie exported last year
was S29 ,23l $50; while during the five months
of the present year the exports have amounted
to not less than S27, ,594 ,23G, and the same i'll
creased ratio continues. The production Of
gold in California is noticed in this connexion,
and is stated to be equal in amount to from
S15,0O0,OOU to &lO0,0O0,000 year. lnfor-
nation in possession of the department instlics
the belief that this product will not be dinn-
ishcd for many years to come. In consequence
of this circumstance, and others growing out of
it, the report recommends the establishment OF
branch miuts at New York and San Francis.
co, and the discontnuancc of those in Georgia
and North Carolina.
The report concludes with number of mi.
nor recommendations. not the least noticeable
of which is that in relation to the revision and
arrangement Of the numerous laws respecting
the navigation and commerce ofthe U. States