The southern press., 1852-01-09

sas.unarsGo1 inn1 =! I
that net. The seceipts from sales of the pub
lie auds, for the quarter end ng 30sh September
last indicate revenue from that source for the
current year of upwards of two millions Of dol
lars ANY excess OF receipts, over tle expenses
connected Herewith, is already appropriated,
and therefore those receipts, whether more or
less, cannot infect the balance in the treasury
subject to appropriation at the end Of the fiscal
year. The greater or less amount OF public
debt redeemed " i'll depend upon the increase or
diminution Of such receipts. The revenue from
imports, consequently, is the great source npon
which The country has to depend for The means
to carry on the government.
The unexpected addition to tie boundaries OF
our country, covering area OF more than hve
hundred and twenty-six thousand square miles,
has without doubt been one cause OF the large
and sudden increase of our foreign impora-
tons, aud C nsequent increased receipts from
custom duties.-Our oxpenses 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
renewal Of any portion Of such debt and there
fore it should be our aim to obtain revenuesuff-
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 $52,3I2979 81
The appropriations to 81 ,42S4l4 46
Being an excess of recerts Of 884,565 Al
The estimated aggregate rfceipts for the cur
rent fiscal year are placed at $5l 100000. The
expenditures, estimated and appropriated,
amount to $50 952, ,9O2 50, being an excess Of
G ,tmatcd receipts over estimated expenditures
of S547097 Al.
The receipts for the next fiscal year are esti-
mated at S5l,8t0,O0O the expenditures at
$42 ,892, ,299 10, being excess of receipts over
| expenditures of $8,907.700 81 Making an
aggregate estimated excess of receipts over ex-
I'pendtures for the three years ending Both
June, 1853, of Sl0,339, 1868 60; subject, how
! ever, to reduction TO the extent of any appro-
priations which nay be made for this or the
next fiscal years additional to The estimates sub
mitted.
| SHOULD Congress appropriate to meet the or
dinary 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 30th
June, VIII Dt more SulIlclenL 10 ulccI
the amount required on the first of July fol-
lowing, for the redemption of the public debt
due on that day.
| The question presents ITSELF in view Of the
absolute necessity for 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
pre,um upon any fixed amount Of continuous
receipts.
The gross exports for the last fiscal year
amounted to $2l7.5l7l3O; Of which there was
of specie 800 23l 81, and of foreign merch1n-
disc rc-exported $9,73o,695, leaving, as the ex-
ports of domestic productions, the sum of $l7S,-
| 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,
1922. ! regret that this lcrease is merely
of an accidental nature, and likely to be confined
to the year just past.
For the year ending the 3oth June, 1850,
there were exported 635,3Sl 6O4 pounds OF cot.
ton, at an average value of IL 3 cents per pound,
giving an aggregate value of $S7l 1884, ,6l6 while
| l026, ,602,2 ,269 pounds eXportet the year previous
was valued at $66,396 967. For the year end
ing 30th June last, there were exported 927,
237,oS9 pounds, valued at $ll23l5 3l7, averag.
ing II ll-I00 cents per pound thus exhibiting
an apparent excess in the value of this staple
alone, over that of the previous year, of ss4O,-
The very deficient crop Of lS49-5O 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 ar
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 oil the exporters from our country, against
which bills OF exchang, usually drawn-and
not the prices received on actual sales and it is
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 years
| The exports of bresdstuffs and provisions. in
lS47, were 1868, ,7Ol ,92l in lS49 1881 1855 5O7
and in 1851 $2l,948 653, which latter exceeds
the exports OF lS40, when the corn laws of Eng.
and were in full force, only So SSlllS.
The exports of rice for the last fiscal wear, A.
compared with the previous year, exhibits de.
crease OF i60,9l7 and that of tobacco decrease
of $695s34. The products of planting and
agriculture for the past year have been unusu.
ally large. All Europe, with inconsiderabe ex
ceptons, has been blessed with like abundance:
and without some unexpected disturbing causes,
seriously affecting markets abroad, there is eve
ry reason to anticipate still further decline in |
our exports for the coming year
| Our total imports for the last year amount to
$2l5,725 995, producing a revenue of more than
forty nine millions of dollars. The balances O
trade during that period, in addition to the
large amount of the various stocks of the coun |
| try carsed an export of upwards of twenty nine
millions of specie. The export of the precious
metals still continues, and at rapidly increas-
ing ratio, having amounted already in the first
five months of the current fiscal year, to 1927.
594236, which is nearly equal TO the export for |
the entire year ending 30th June, 1851
This increased ratio in the export of specie
continues, notwithstanding the large supply ofl
foreign exchange, predicated upon the shipment |