The republic., 1852-01-07
Report OF the Secretary OF the Treasury.


Mr.. CoRwIN's report, published entire in our
columns to day, shows that the total receipts OF
the country from all sources during the last fis-
cal year amounted to t52 9l2,979 81 to which
must be added Sc, 6,604 ,544 40, the balance in
the Treasury on the LIST July, 1850. The ex-
penditures in the same period were $4S ,0O5,-
S7e 6S; leaving balance in the Treasury on
the lst of July. 1851, of $l0,9ll ,645 6S.
The receipts Of the first quarter Of the cur
rent year have been 81 s sol 81 49, and it is
estimated that the whole year will realize
S5l 500 600. This is exclusive of the existing
balance of $l0,9ll ,645 68. The expenditures
are calculated at $50. .952 ,902 50; leaving an
$II ,45S, ,743 90. 1t is estimated that for The
following year, ending 30lh June, 1858, the
aggregate means will amount to $63,25S,-
743 90, against an expenditure of S42,S92,-
299 49, The latter sum of course is subject to
an increase to the extent of any appropriations
which may be made for this or the next fiscal
year additional to the estimates submitted with
the report.
Besides providing literally for the various
wants of the recently acquired territories, and
for unforeseen contingencies, Mr.. CoRwIK eX-
poets that ample means will exist on lst July,
1858, for the redemption of the loan Of sc, ,237,-
93l 35, then due. During the past year, re-
ductions amounting TO 81 ,667 ,S43 ll--exclu.
sive of the payment of the Mexican indemni-
ty-have been effected upon the public debt,
which now amounts to $62 $50 1896 90 The
report recommends the purchase of sound State
stocks, when it can be effected favorably, with
view to the redemption Of the public debt as
it becomes due. Such course, it is remarked,
will save to the Government the large pre-
miums which must otherwise be paid.
The receipts from customs in the year en-
braced in these accounts are set down at
S49,0l7 ,567 92, and for the first quarter of
the current year at 5,56l 81 49, Consid-
ering the necessity for continuance of tire pre-
sent receipts from customs as obvious and GER
different branches Of the industry of the coun-
try exhibit healthy and vigorous action. II
appears that of the gross exports of the year,
amounting to $2l7 ,5l7 j 80, the exports of do
mestic productions amounted to $l7S ,546 ,555;
but MIR. CoRwIN regards the latter, which ex-
hibits an excess over the previous year. as hav-
ing been influenced by accidental and temporary
circumstances OF these, the principal was the
deficient crop of cotton of lS49-50; but it is
assumed that the abundant crop Of the present
year will, in all probability, restore the aggre-
gate value to near the ordinary average. The
exports of breadstuffs and provisions have fallen
from SOS, ,70l ,92l in 1917, to $2l ,948,65 in
1851; the latter amount exceeding by only
$2,SSl lis the value of the exports of 1910.
when the British corn law was in full force.
The total amount Of specie exported last year
was $50 ,23l $50; while during the five months
Of the present year the exports have amounted
to not less than $27 ,594 1856, and the saIhe in
creased ratio continues. 1t is anticipated, in
deed, that the export demand will shortly be
still further increased, unless there be a very
large falling off in the imports of foreign pro-
ductons.
Mr. CoRwIN renews his recommendation ia
regard TO a modification of the tariff, and refers
to the experience of the last year as strongly
sonfrmatory Of the views urged in his previous
iron manufactures is proved in detail. and it is
maintained that continuance of the present
policy will inevitably produce a total prostra-
tion of that branch of industry.
Several tables are appended to the report, to
exhibit the nature and extent Of frauds com.
mitted under existing customs regulations, and
which cannot be prevented except by the adop-
tion of specific instead of ad palorem duties
Highly complimentary illusions are made to
the progress Of the coast survey, under the SUI
perintendence of Professor BAcHE
In reference TO the coinage, the report re
commends the adoption of the British policy re-
garding sllyss, making it legal tender only
for sums not exceeding ten dollars. The ne
cessity Of some change Of this nature is dwelt
upon at length, and is proved by lucid state
men' of facts bearing upon the question. The
production Of gold in California is noticed in
this connexion, and is stated to be equal in
amount to from H5 5,000. 900 to Sl00,OOO,OOO ,
year. Information in possession Of the Depart
ment justiies the belief that this product will
not be diminished for many years to come. In
consequence of this circumstance, and others
growing out of it, the report recommends the
establishment of branch mnts at New York
and San Francisco, and the disconiinuance OF
those in Georgia and North Carolina.
The report closes with number of minor
recommendations, not the least noticeable Of
which is that in relation TO the revision and ar
rangement Of the numerous laws respecting the
navigation and commerce of the United States.
la this branch of the document the reader will
find much useful information on various sub
jects affecting the mercantile and general ma
rne of the country.
NJ KOssuth
Ic q ha int, t, ,bo 81