Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1852-01-15
RECEIPT s.
$l55,600,0

Total $l55,6O0 900
APPROPRIATIONS.
lS50-I Actual S5l .40O, 600
lS5l-2 Actual & es 50,900,00
1928 Estimated 42,9O0, ,000-Sli5200,0 900
Excess Of receipts for 3 years SiO,4OO,OOO
The Public Debt, fives of '53, to be
paid out Of this excess, is 100000
and further sum for land receipts Of
81 900 900, is subject to the liquidation
of The loan OF 1867. The actual re-
demption Of the latter, the current year,
is sl,6OO,OOO.
The balance in the Treasury on the
lst July, 1850, was $66Oo,0OO This
balance will be increased on lst July,
1852 after providing for the public debt
falling due, provided no considerable ex-
traordinary appropriations are gone into
and the revenues are kept up by contin
ued large importations.
The cost of liquidating tie debt of'67
as far as it has gone, is $325,000 in pre-
miums on So, 100000 redeemed To
avoid this hereafter The Secretary sug-
gcsts sinking fund oisound State stocks
to be bought at or about par, and to be
held until The Federal loans are due, or
they are made to approximate to the
value Of the State stocks thus held in
trust.
The imports and exports OF the past
fiscal year are next given The figures
are the same as given, in summary, by
the President in his Annual Message.
Exclusive ofspecie and rcexportatlons,
the amount stands:
Imports consumed or marketed S20l ,000,0 600
Exports of domestic produce, 4. ii.
value IT'S, ,OOD,O 900
In the last figures is included an i'll
crease, Custom-house value, of SAC, ,300
600 in The single export of Cotton. This,
the Secretary considers greatly at va
rance with the actual increase realized,
as the large losses on this staple from
the Cus,om-house value at time oi ship
ment is Il matter Of public notoriety.
OF the estimated expenditures OF 1852
SO, $0,500,000 Of the aggregate is for
expenses and in the lufimcnt of obliga.
ti,ns relating to our new territory.
The exports OF Brcadstuns the past
fiscal year, are Si60oo,ooO less than in
lS47, and only 100000 in advance of
1870 when the British Corn Laws were
in full force. The increased ratio in
the export Of specie since the lst July
last, and IN the face of the increasing
cotton crop, is referred to as indicating
n grave state Of things in regard to our
relative trade with foreign countries
This point is dscu at length, in
connection with the duty OF Congress to
cherish home labor, and the history and
present PROSTATE condition Of some of
the leading branches, iron especially, of
domestic manufacture Tho recommen-
dations Of last years report, touching
changes of Tariff Laws, are therefore
renewed with increased force from the
facts and information OF the present year
on this subject
The Coast Survey receives the notice
its importance requires, and the Mint
and its operations and the wants OF
California and NcwYork City, discuss
ed with fairness to all parties, and with
much justice to the points requiring in
creased coinage facilities. A mint at
San Francisco is regarded as an cstab-
lishment indispensable to the new Pa
ciic State, and branch mint AT New
York is due to the convenience OF this
great commercial centre. 1T the same
time, the admirable management of the
Philadelphia Mint it duly commended.
In this connection, change in the sill
yer coinage is recommended, an the
reduction of the North Carolina and
Georgia branch mints to assay Offices,
and Il small seignorage or toll on dust
and bullion deposited, suggested as
means ofrcducing the expenses of the
Mint Department The latter is the
practice in all other National minis
Some amendment OF the laws regarding
Custom-lIouse invoices rendered in for
eign currency is also suggested,
The miscellaneous recommendation
oI the Secretary refer to the Smthson-
ian legacy; the Appraisemcnt law of
tho last session to revenue cutters; TO
lighthouses to the new marine hospi-
tails in the West and at San Francisco
to the Custom-Housc appropriations at
Bath Norfolk, New-Orleans, &c. TO
suits against Collectors, growing out OF
the Collection laws; to complete re-
vision of the Navigation laws; and, in
conclusion, TO the coasling laws, many
oil VIII eh, useful in the early years of
the Government have been rendered
nugatory by the introduction Of steam