New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-21
TIE TREASURY REPORT.

Mr. COrwn Report shows that on the nrst
Of July last there was ii the Treasury an IN
appropriated surplus of eight millions and q
half, and estimates that on the first Of next
July the surplus viii exceed five millions, after
paying of above seven millions Of the public
debt. The revenue for the year ending July l,
1854, is estimated at ISL 100000, forty.niae
millions of which is anticipated from customs,
while the expenditures Of that year Will also
be five millions less than that sum.
The public debt has been reduced s2i2S,-
703 Is, and il is recommended that the De-
partment have larger powers in respec. to its
further redemption, by buying it up before il
falls due, at its current market value, above
par.
The receipts from Customs have fallen be-
low the estimate for the year Sl67S,2il 30.
This Huctuation is owing TO the falling of in
the amount of merchandise imported for Cali.
fornia.
Upon the influence Of cur present CONNER
cial legislation upon the condition and pros
perity Of the country Mr.. COrwin speaks sue
cinctly, but with great point. The Guctua-
tons in the iron trade, the destruction Of our
own iron masters by foreign competition andthe
consequent rise in price, furnish an argument
which ought TO open the eyes Of the country
10 the Iunous folly Of British free trade
The true relations Of the foreign and tho
home trade are also exposed with mas.
terly effect IL is shown, for instance
that the former is but trihing compared with
the latter that the State of Massachusetts,
alone produces in manufactures o greater
value annually than all Of our agricultural
products sent to foreign countries. Probably
too, the same small state consumes more Of
the products Of the Western aud Middle
States than are sent abroad The annual
production Of the country, agricultural.
mineral and manufactured, is three thousand
millions, while the additional labor employed
in transporting and exchanging that part Of
it consumed at home largely increases its origi-
nal value on theother hand, the entire export
TO foreign countries is only one huHdred and
.fory millions. And yet the foreign trade is
regarded the more important of the two
In the famine year Of lSl7, the export of
breadstufS was so large il was diEicult to find
shipping for it and yet We then sent abroad
but three per cent. Of the maize and ten per
cent Of the wheat produced in the country.
And at present We DO not send hall of that
amount. How Insignificant, then, is the foreign
trade, compared with that carried on among
ourselves From al these considerations Mr..
Corwin renews the declaration of his prefer.
ence for a tariff with fixed and reliable, rather
than with sliding rates Of duty
During the year ending June 30, 80, we inn
ported Of Soreign merchandise. $207 ,l09,735
ind e1p'd of domestic merchize. 1880 AZ
And Of foreign. ............. I2,O37 Oi3
At the same tine We exported of specie over
md above the import Of the same, S37 ,I7O 59I.
This makes our total export about three rnil-
lions less than the irnpOrts, for which amount
We have gone in debt, Of course. But "a we
haye had to Psy very heavy interes. on
debts previously contracted abroad, il is eyi.
dent that this difference between exports and
imports Is far from representing tire real
amount this year added TO our foreign liza.
bliries
The export Of tobacco has increased about
three-quarters Of million Of rice, one quart
er Of bresdstufs and provisions, four millions.
The export Of domestic merchandise has fallen
OF nearly tweniy-four millions and half, and
Of specie has increased thirteen millions and
: quarter
The Mint az Philadelphia has coined during
the year hfty-one and half millions of gold.
sSE, 800 Of silver, and s5l, 500 "a OF copper.
The Branch Mats have coined absat sl.7O0,.
)oO.
A new issue of silver coin reduced in value
o correspond with the reduced value of gold
: recommended
IL is also recommended 70 issue certificates
o those who deposit bullion at tie mint for
oinsge, which certificates shall be received for
u dues to the United States. This being done.
he present bullion fund, kept to pay such de-
osit0rs, could be dispensed with, and sp-
hed to the payment Of the public debt. |
lhese certificates would also afford s con. /
auian. nd. of u, -.