Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1852-01-29

estimated receipts over csumated expenditures,
Of S5i7 0N a.
mated at sjl 100000. The expenditures at
40 sl2,299 ~, being an excess ofrecoipts over
expenditures of SS,901,7O0 81. Making anag-
rrcgate estimated excess Of receipts over expcn-
diturcs for the three years, ending Both June,
1853. of Sl0.33g. 1863 SO. subject, however, 10 a
reduction to the extent Of any appropriations
which may be made for this or the next fiscal
years, additional TO the estimates submitted.
Should Congress appropriate to meet the ordi
nary wants of the Government and 10 cover the
expenditures required ty our new Territories
as submitted, by this department, the balance at
the close Of the fiscal year ending Both June,
l-,j3, viii be more than sufficient TO meet the
amount required on the first Of July following
for the redemption Of the public debt due on that
day.
The question presents ITSELF in view Of the
absolute necessity for the continuance Of the
present receipts from customs, whether IN all
the branches of the industry Of our country there
is that healthy and vigorous action which is the
basis Of substantial and lasting prosperity; with
out this we Gun with no certainty presume upon
any fixed amount of continuous receipts.
The gross exports, table G., for the last fiscal
year, amounted 10 S2l7.5l7, 100. Of which there
was of specie S2D, 23l $50. and Of foreign mor
chandise re-expoued sy,73S 695; leaving as the
exports Of domestic productions the sum of
Sl7s5iG.55j. This presents a large increase
upon like exports Of any previous year, and ex-
cecds that of the last fiscal year in the sum Of
Si36iG322. regret that this increase is mere
ly Of an accidental nature, and likely to be con
fined TO the year just passed.
BY reference to table H. it will be seen that
for the year ending Both June, 1850, there were
exported t35,3c GOA pounds Of cotton at an
average value Of ! = cents per pound, giving
an aggregate value Of - ,9s4Gl6, while /, zoo
GO2,269 pounds exported the year previous was
valued al but SGG,3969G7 For the year end
ing Both June last, there were exported g27,-
237 os9 pounds, valued at Sll2.3l5,3l5, aver
aging ~ ll-iO0 cents per pound. thus exhibit
ing an apparent excess IN the value of tins sta
pie alone over that Of the previous year of $40,
330,7Ol.
The very deficient crop of 1850 caused an
enhancement IN the value Of Cotton, of nearly
double that Of the previous year, and q still fur
ther advance upon the average price of the last
year, thus giving the large excess in the aggre-
gate value of the exports before stated Ii must
be borne in mind however, that these values as
reported are not always the prices realized ON
sales abroad, they are the declared value of the
exporters from our country. against which bills
Of Exchange are usually drawn, and not the pri-
ccs received on actual sales, aud It is notorious
that the immense losses on the shipments "a
cotton during the last year, have reduced the g.
mount actually realized hy tha sales in Europe
very ilr below the otiicinl value in the Custom
House returns. The crop Of the present year
has exceeded that Of the last, and VIII from MS
abundance, probably restore the aggregate
vane TO near the average OF previous years.
The exports of bregdsluils and provisions In
l-l1, were ctS70l9ll, in IolH So, l55,5O1
ANA pa le'l, ~2i,9toN32 UAica latter exceeds
the exports of $40, when the orn laws Of Eng
land were iu full force only s-.,~7lll~
! zoe exports of Rice for the Lest fiscal yoar as
compared wth the previous year, exhibit do.
crease ol ~ uHlf, ami that OF Tobacco, dee
crease oi 5000 -3i THE products Of planting
and agriculture for The past yoar have been
unnsnally urge. AID Europe with nc0nsidcrl-
Bile exceptions, has been blessed with ike ohun-
dance, and WITHOUT some unexpected disturbing
cnuses seriously affecting marlots ahToal, there
Is every reason 10 anticipate stlIl further de-
cline m our exports for the coming yalr
Oar total imports for the last year amounted
10 s2l5725,E5 producing a revenue Of more
than SIa000,t00 The balance of trade lurag
that period In addition TO the large amounts ol
the various stocks Of the country caused ON ex. .
port Of upwards Of S4l0O0,oO0 Of specie. The
export OF metals still continues, ANA at rap
IDLY increasing ratio, having amounted areadv
N ,e-illSt Ye mouths OF the current fiscal year
10 = ~ ''--p" "Dlc" Is n9u1'y equal 20 'ne eN-
ID.