The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-07

Lea. Of April 18th, lss2, due slst Dec,
Loan Of March 81 1913 du. L.. july 1853 aT ss1 y
Loan Of July I'D 1s45 due 18th Nov 1855 oo9l4o a
| Loan Of January 18th, 1877 due LIST Jsuu-
Loan Of March ant is4s, due Is. July, ''''' ;"
l6oo ............... 1870 600 Or
s0a 200 3s5 o
Statement (D) showing the redemption Of treasury
notes Ia in obedience the of
the twenty section Of the act Of 2sh Of January
The amount Of money expended at each custom
nouse In the United States during the fiscal year ending
inc aud salary Of each At each Of said
;,,sa autirg the period aforesaid trsn,-
section OF the act Of "a March, lS49.
WAYS AND MEANS
Ihe receipts rt customs for he last fiscal year be-
fore stated were upwards forty millions Of dollars
Should our mporstions Of foreign merchandise for the
current and next fiscal years equal those of the psst
year the from that for three years
ending Both Juse 1858 will have been about 80 600 600
Aside from demands upon the Treasury for our new
territories. this would have beef sufficient To
have met the ordinary expenses of the government
to have liquidated the entire public debt. Notwth-
standing these extraordinary demands there has
effected since the first Of December last REDEEM pten
the registered debt, to the extent Of 81 d67 S43 H.
During the next 'csl year the loan Of Sd March, 1913
due LIST July, 1863 must be provided for aud il IL ex
pected may be paid IN cash out Of the receipts from the
usual sources Of The amounts of the land fund
to be invested In accordance with law, Will probably
amount to about $685. 90. The old funded and
the debt Of the District cities will probably mount
further sam of $500, making aggregate proposed
redemption Of the public debt during the next f,,a
year. Of 81, 234792 IS.
The premiums pale on 50 523 200 Of cer ;ates Of go
stock purchased at market rates amounted to
1926 666 "a cost more than one eighth the en-
tire debt purchased Tese rates applied TO the whole
debt stood the 10Th November last would require
for it liquidation In addition that amount about the
sum OF $SOI43 BIZ. The probability Is that increased
rates will follow known demand by the government
1t may well be questioned whether sound policy does
Of hat Isa hall
Department to purchase out of any available surplus
venue sound State stocks when 1t be done
par value, to be held sinking fund towards the
oemption OF the public debt it becomes due and thus
to the the large premium which other
wise will be required in the redemption by purchase at
market prices OF the stock of the United States In the
opinion of this Depa tmen such IL desirable and
submitted for such action thereon may be thought
cxpedient
The language Of the act of 2sth September 1885, sx-
tending the grants of lands has prevented the variants
issued by virtue thereof from passing into the hands Of
the actual settlers by Assignment and nany the
receipts from that source have not been seriously affected
by that act The receipts from sales OF the pubic lands
for the quarter ending 30h September last indicate
from that for the current upwards
Of two millions Of dollars Any OF receipts over
the expenses connected Herewith is already appropri
ated and therefore those receipts whether less
cannot affect the balance in the Treasury subject sp-
preparation ut the end Of the fiscal year The
lets amount OF public debt redeemed will depend upon
the increase diminuon OF such receipts The
from PORTS quently Is the great upon
the country has to depend for the means 20 carry
on the government
The unexpected addition to the boundaries OF our
country, covering an area of more than five hundred
and twentysx thouapd square miles has whou. doubt
been Of tie large and sudden incr.s o.
foreign imporatons aud consequent increased receipts
from custom duties. Our expenses consequent upon
such acquisition have than kept pace with the in
crease Of receipts, and they will remain permanent
charges upon the treasury Revenue to meet these
CURED expenditures must be provided fer and that
during period when our public deb. is m.turiDg 1t
cannot for one moment be thought advisable to pre-
suppose renewal Of any portion OF such debt, and
cient to meet these maturing liabilities in addition the
annual expenses OF the government
The receipts from all for the last fiscal year,
amounted TO ........ ............... $5?3t29I9 81
The appropriations to................ 5!i2S4l4 10
Being an excess OF receipts Of. ....... ss4 Cos Al
The estimated aggregate receipts for the fiscal
year placed at S5I 100000 The xDenditu
tmated and Appropriated amount to 500 952 902 SO,
being an excess Of estimated receipts over estimated
pepditures Of $547O97 A.
The receipts Cor the next fiscal year esma led at
0tO the expenditures Mt Ss2 200 TO- being
excess Of receipts expenditures Of IS 9j700 81
Making aggregate OF receipt.
pendtures for the three years ending Goth June 1852 Of
e; subject however, reduction to the
tent Of any appropriations which may for this
or the next fiscal years. additional to the estimates sub
mttcd.
should Congress appropriate to meet the ordinary
wants Of the government snd to the expenditures
required by territories submitted by ths De-
PERTINENT the balance 1t the close Of the fscI year
ending 30t June 1858 will BIZ than sufficient to
meet the amount required the LIST Of July following,
for the redemption Of he public debt due tsatay
necessty for continuance of the present receipts from
customs whether in all the branches Of the industry
country there is that healthy and vigoro action
which the basis and lasting prosperity
without this we with certainty presume upon
any hxed smount Of continuous receipts
The gross exports liable G for the last fiscal year,
amounted to s2I 57 lS0 Of which there Of specie
s29 23l $50 and CT foreign merchandise re-exported,
S97S56sb leaving AZ the exports Of domestic produc-
tions, the Of $l7s This presents large in
upon like exports Of any previous year. and ex
cseds that the last fiscal year in tina sum Of $500
hat m ere vofan de-
al nature, and likely to be confined TO the year just
past.
BY reference to table H. It will be seen thai. for the
year erding the Both june 1850 there exported
685 3Sl 604 pounds Of cotton at average value of
s7 es4 ele while 100 pounds exported the year
previous, was valued At bu. $6639o067 For the year
ending Soh June a there wore exported gig loss
pound; thus exhibiting apparent excess in the
value Of this staple alone that Of the prevoasyes
The very deficient crop Of 1880 caused an enhance
men in the value Of cotton Of nearly double that Of the
previous year and sill further the average
aggregate value Of the exports before stated IL must
be borne In mind however that these values reported
not always the prices realized sales abroad They
the declared values If the exporters from
try sgainst which bills Of exchange usually drawn
and not the prices received actual sales and lie
orous that the imme losses the shipm Of cot
ton during tho last year have reduced the amount actu
ally realized by the sales In Europe fay below the
official value in the custom house returns TIE crop Of
the present has exceeded that Of the last aud win
from its abundance probably restore the aggregate
value to near the average Of previous years.
The exports o! breadsus and provisions 10 1877
ses7ol 921 in lS4s s3S 100 5o and in 1851 s. els e5s
which latter exceeds the exports Of $780, wnen the
laws Of England were in full force only S2sSl,ll6.
The exports Of rice for the last fiscal year
pared with the previous year exhibit decrease Of
$4G09l7 and that Of tobacco decrease Of $685. s The
products Of planting and agriculture for the past year
have been unusually large All Europe with incons-
derabe exceptions has been blessed with like sbundance
and without some unexpected disturbing causes, ser
outy affecting markets abroad there every to
anticipate still further decline In exports for the
coming year.
Our total imports for the last year amount to
1896 producing Of than forty
millions OF dollars The balances Of trade during that
period In addition to the large amounts Of the various
stocks Of the country caused export Of upwards Of
twenty nin millions Of specie The export OF the pre-
cious metals still tinues, and rapidly Increasing
ratio, having amounted already 10 the rst five months
the dsca 70 Sl- ,rhi