New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-06

will have been about : l9oVeVV'V' -
Aslce from demands upon me treasury ioi out
neE Tsrr,tor,es tnIs sum would have oeen sufficient
10 have met the ordinary expenses OF me Eo'e,u
rent and 70 have hCuidated the enufe puOIC veos
NolwilhsisUdif these extra0roinsly gem - .ae'e
has been effected since the hrst ~ Dece As.'
Tssemntion of he registered debt 10 the extent OF
During the next fiscal year the loan Of 90 March,
SAB cue lst July 1883 musibe proV1eo iol Au1 VS.
expected, NAV be PAID Ia cash out OF 'ne Ieoc'pss
from the usual sources Of revenue. ne amounts Oi
The land fund to be invested IA ACCORDANCE WIN Jaw
will probably amount 10 & further sum o. 80, ,vo
making an sEgrsgat proposed re1ehp''oA OF IN sie
public debt during the next hscal wear OF , -!
~ s. The premiums paid on -, o15zJV OF cefth-
Gates Of Government stock purchased ~ mArAet
rates amounted 10 1926 655 q. or at cost OF more
than one-es hih Of the entire deos pu'vs,ea 80
rates n applied TO the whole debt "a Is STOOD on the
9th November last, would require for It's hluila-
ton IN addition to that amount about the sum OF
$SO43s s.. The probability Is that increased fats
vii foll0w a Known demand by the Government;
II may well be questioned whether sound
policy does pci demand that some discretion slsu
be gwen 10 The Department TO purchase ous OF an
available surplus revenue sound STATE STOCKS "hen
u can be done et or near par value to oe ned Is
slr klIC fund toward the redemption OF tie pcohc
debt as II becomes due, and thus save to the Cow
eminent the large premium which other"ise w'ii
De required IN the redemption by purchase a. market
Drces Of ire stock OF the United states In
Inc opinion Ot this Department such a course
desirable. and II is submitted for such &C
non thereon NAV ee kuoNSW tApcutSuA Inc
Ian gUage OF the act of 2esh september. $3.50, eN-
tending the grants Of LANDS, has prevented sAe var
rants issued BY virtue thereof from passing INTO the
HANDS o. the actual settlers BY assignment, and con
seQuenty the receipts nom that source have not
been seriously affected by that act. The receipts
FROM sales OF the public lands for the quarter ending
3uln September LAT, mGicate revenue Irom mat
source for The current jear Tor upward OF SS,Ujo,-
0c0. my excess OF receipts over the expenses
corrected herewith Is - ready appropriated, and
therefore. those receipts. whether more or less,
caIN0t affect .he baaure ~ the Treasury, SUD
lect 10 Appropriation AZ he end OF the MS
Cal gt.r The srtater W less amount Of pub
Inc oeOt redeemed WId CeoeAd upon the increase
or d'm'nCtl0u Of such recsip's The revenue
fTom imports con 6qUentiy is the great source
upon which the country ha, g. depend for the means
90 carry GA the Government The uneN pcc,ed adj
ouon g. 'hc boundaries Of our country, covering an
area on moro thsn $780, square miles, has without
COUbt been orc ctUsc II ine large and sudden IN"
crease Of our foreign imp0ItaionS. and consequent
increased receipts from custom cuiios. OuI ex-
ptu6cS consequent upon such acQuIS ton have more
than Be- pace With the increase of recelps, and
they vii remsi permanent charges upontle Treas
UN Revenue 20 meet these required expenditures
must ne provided TOR, and that during apenod when
our public debt Is maturing. Ii cannot for one mo-
mons he thought advisable TO presuOp0Se renewal
of any portion ~ such debt. and therefore shOgld bs
am 20 OBTAIN revenue sufficient 10 meet these ma
turn ahiliies. Ia addition 10 the annual expenses
OF he Government The receipts fronfSil sources
for the last fiscal YEAR amounted % S523l2.Ji0 81.
The appropriation % S5l,i2Sil IL. being AL excess
of receipts Of $SSl ,J65 81. The estimated aggre-
gate receipts for he current fiscal ear placed az
ISL 500, 900 The expenditures as estimated AVID
Appropriated. amount 10 $50 g52 9O2 81. Beng aneN-
cess OF estimated receipts over estimated eNpendl-
tuTts of So or Al. The receipts for The next
fiscal year are estimated at $5l,s00CC0 The eX-
penoliures at $i2 s92.299 lg-Ss a07,70O 81, making
al aggregate estimated excess % receipts and ex-
pendtuTe for three years ending 3Oth June, 1888 VI
SlO339 1903 %, subject however to reduction TO the
xtent o. any appropriations which may be made for
thlS the next fiscal years, additional To the es-
mates submitted. Should Congress appropriate 70
Get ne AIRY wants OF the Government and to
cover the expenditures required by our now Terri
torres as submitted by this Department the lance
a. the close OF The dscal year, ending 3Oth June,
$50. will be more than sufficient to meet the amount
required on the first OF July following for the
compton of the public debt due on that day.
The question pfeseats itself in view Of the abso-
lutte necessity Tor continuance OF The present re-
celpis from customs whether IN al the branches of
the industry of our country there Is that healthy and
vigorous action which IS the basis Of substantial and
iss,iI prosperity without this we can with 40 GER
tainiy presume upon any hXed amount OF continuous
receipts.
The gross exports table C. Tor the last fiscal rear
amounted To SAT- $780, Of which there was OF
specie so 23l so, and Of foreign merchandise re-
exported $9,73s 69j leaving AS the exports OF do
mesuc productions the SUN Of $l1S,5i6,5 $50. This
pre- sents large increase upon like exports OF any
previous wear ard exceeds that Of the last fiscal
ear IN the sum Of $l3 646,322. regret that this
%
10 be conIned 10 the year Just passed.
byrefercIce 10 table ii. 1t viii be seen that for the
year ending 3Oth June. 1850, there were exported
b35 3sl 60i pounds Of Cotton at average value Of
eleven twenty three cents per pound, giving ag
gregate value OF 57I 1854 6l6, while l,026, 602 269
pounds exported the year previous Was valued at but
SEQ 500. gG1. For the year ending Both June last
thtfo were exported 921 231 0sa valued at SlI23l5
BIZ averaging twelve eleven hUndrciths per pound,
thus exhibiting an apparent excess IA the value Of
ths staple alone over that Of the previous year OF
$40. 800 7Oi.
Thevery de fcient crop Of 1850 caused ar enhance
ment N the value Of Cotton, OF nearly double that
OF the previous year. and still further advance up
on the average price Of the last year. thus giving the
large excess Ia the aggregate value Of the exports be-
fore stated. u must be borne IN mind however,
that these values AZ reported are not always the
~ allied on sales ABROAD they are the declared
value 4 the exporters OF our country, against
Which bills OF EXchanse are usually drawn, and MOI
the prices received on actual sales, aud Il Is noon-
Gus, that the immense losses the shipments Of
cotton during the last year have reduced the
amOCnt actually realized by ID, Gales in Europe
very far below the official value Ia me Custom
House returns.
The crop Of the present gear has exceeded that Of
the last, and viii from It's abundance probably re-
store tie aggregate value to near the average Of
prev lous years. The exports OF breads.ufs and
pro Visions in 1917, we're $tS,7Ol,92l IN 1912,
S3sl5 So AID In 1851 S2l gls $685. which latter
ceeds the exports Of 1870 when the Corn Jaws Of
England were IN full force only 81 s8l ,ll5
The exports Of Rice for the last fiscal year, ~
con pared with the previous year exhibit decrease
OF $4GO SIT. and that of Tobacco a decrease OF
1905 s34 The procucts Of planting and agri-
culture tor the past year have been unusually large
All Europe, with .ncOnsldera6le exceptions, has
been blessed with Like abundance, and without some
unex pectec disturbing causes seriously affecting
markets abroad, there : every reason 10 anticipate
still iuitttr decline IN our oxPorl, for the coming
year
Our total imports for the last year amount 10 s2l5,.
125 e3S. producing revenue Of more than SO, 0OO
COO The nalances Of trade during that pen)d IN
addition % the large amounts OF the various stocks
If the country caused al export OF Upward.Of $40.
OC0 coo Of specc. The export Of the precious met
ais still continues and at a rspldiy increasing ratio,
having amounted already m the first I've months OF
the current fiscal year TO SO 59l 23G which is nearly
equal 10 The export icr the entire year ending 3Hh
Jurs 3. 1851.
THIS Increased ratio III the export Of specie. not
u outstanding the large supply Of foreign exchange,
predicted upon the shipment Of the cotton crop,
" Aich L rapidly reaching tbe seapOrts a, toe
south ard j. Of course gong forward % tue Euro
pean markets IN yery large Quantities. When the
gT0D has beer sniDDed and the suDoIg of