The southern press., 1852-01-10

that act. The receipts from sales Of the pub
nc lands, for the quarter ending 30th September
last, indicate revenue from that source for the
current year of upwards of two millions of dol.
lars Any excess OF receipts over TIE expenses
connected Herewith, is already appropriated
and therefore those receipts, whether more OF
less, cannot affect the balance in the treasury
subject to appropriation at the end of the fiscal
year. The greater or less amount of public
debt redeemed will depend upon the increase OF
diminution of such receipts. The revenue from
imports, consequently, is the great source upon
which the country has to depend for the means
to carry ON the government.
The unexpected addition to the boundaries OF
our country, covering an area OF more than five
hundred and twenty.six thousand square miles,
has without doubt been one cause of the large
and sudden increase of our foreign importa-
tons, and C nssauent increased receipts from
custom duties.-Onr expenses consequent upon
such acquisition have more than kept pace with
the increase of receipts, and they will remain
permanent charges upon the treasury. Reve-
nue. to meet these required expenditures must
be provided for, and that during period when
our public debt is maturing. 1t cannot for one
moment be thought advisable to pre-suppose d
renewal of any portion of such debt and there
fore ii should be our aim to obtain revenue sufii-
cient to meet these maturing liabilities, in addi-
ton to the annual expenses Of the government.
The receipts from all sources for the last fiscal
year amounted to $52,3l2979 81
The appropriations to 5l,428,4l4 46
Being an excess of receirts of 884,565 Al
The estimated aggregate receipts for the cur
rent fiscal yearare placed at 1851 100000 The
expenditures, az estimated and appropriated,
amount to $50 952, 800 3d. being an excess of
estimated receipts over estimated expenditures
Of S547,097 Al
The receipts for the next fiscal year are est-
mated at $5l,8J0,O00, the expenditures at
S42, ,299 l9, being an excess of receipts over
expenditures of $8,907,700 81. Making an
aggregate estimated excess Of receipts over ex-
penditures for the three years ending 3Oth
June, 1858, Of $40 ,339,363 So; subject, how
ever, to 4 reduction to the extent Of any appro-
priations which may be made for this or the
next fiscal years additional to the estimates sub.
mtted
Should Congress appropriate TO meet the or
binary wants of the government, and to cover
the expenditures required by our new territories,
as submitted by this. department, the balance,
at the close of the fiscal year, ending 3Oth
the amount required on the first Of July fol-
lowing, fo- the redemption of the public debt
due on that day.
The question presents itself, in view Of the
absolute necessity for Il 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 pros.
perty. Without this we can with no certainty
presume upon any fixed amount of continuous
receipts
The gross exports for the last fiscal year
amounted to S2l7,5l7,l30; of which there was
of specie $2923l So, and of foreign merch IN,
disc re.exported $9,738,695, leaving, as the ex-
ports OF domestic productions, the sum of Sl7S,-
546,555. This presents large increase upon
like exports of any previous year, and exceeds
that OF the last fiscal year in the sum of $43,.
646322. regret that this increase is merely
OF an accidental nature, aud likely to be conined
to the year just past.
For the year ending the 3oth June, 1850,
there were exported 635, 1881 ,6o4 pounds of cot
ton, at an average value of II cents per pound
giving an aggregate value of ST., 1884, 6I6,while
026,602, 269 pounds exporte the wear previous
was valued at $66396 967. For the year end.
ing 30th June last, there were exported 927..
2370S9 pounds, valued at SlI2,3l53l7, averag
ing II ll-l00 cents per pound thus exhibiting
an apparent excess in the value of this staple
alone, over that of the previous year, of $40.
33O,7OI.
The very deficient crop of 1880 caused an
enhancement in the value of cotton of nearly
double that OF the previous year, and still fur
ther advance upon the average price of the last
year, thus giving the large excess in the ag
gregate value of the exports before stated
1t must be borne in mind, however, that these
values as reported, are not always the prices real
lied on sales abroad. They are the declared
values ofthe exporters from our country, against
which bills of exchange are usually drawn-and |
not the prices received on actual sales and it il |
no oriOus that the immense losses on the ship |
ments of cotton during the last year have re-
duced the amount actually realized by the sales |
in Europe very far below the official value in the |
custom-house returns. The crop of the present |
year has exceeded that Of the last, and will from |
rs abundance, probably restore the aggregate
value to near the average of previous wears
The exports Of breadstuffs and provisions. in /
lS47, were S6s,70I ,92l; in lS49 S3S, 1855 507 Il
and in 1851 $2I,94s 653, which latter exceeds
the exports Of l840 when the corn laws of Eng.
land were in full force, only S2Ssl,lIS.
The exports OF rice for the last seal wear, as |
with the previous year, exhibits de-
crease of Si60,9l7, and that oftobacco decrease
OF S695,S34. The products of planting and
agriculture for the past year have been unusu.
ally large. All Europe, with uncomfortable ex
ceptions, has been blessed with like abundance;
and without some unexpected disturbing causes,
seriously affecting markets abroad, there is eve
ry reason 10 anticipate still further decline In
our exports for the coming year.
Our total imports for the last year amount to
S2l5, $685. producing revenue of more than
forty-nine millions Of dollars The balances OF
trade during that period, in addition to the
large amount Of the various stocks Of the coun
try, caused an export Of upwards Of twenty nine
millions of specie. The export Of the precious.
metals still continues. and at rapidly inereas.
ing ratio having amounted already. in the first