Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-01-25
Report Of ,,,e secretary Of the Treas-


Report OF t,,e Secretary Of ti'c tre;'N-
nry.
Tie report Of The Treasury Department
dclaye by accidental causes "as commpaca.
ted 10 Congress. last Thursday. Is length Is
such as 10 render It's isctip1 entire extreme
~ inronyenieni o us and we therefore aYall
ourselye. or compreh eosive summary OF is
contents furnished By tie Washjaglo. Il cub
lie. The aggregate receipts i1r tie hsc7l
wear ending June 30. 1852 wcrn sl91zS5sb'
50, to which i to be added balance Il sIN'-I
.9l1.G45 GS. IN hind July ], 155l The ef-|
peudi'ures during the year amounted % Sl''.I
500 20 leaving bnlance at the com.
mcncement Of the current year Of sli652'-
13G 81.
The receipts Of the current fiscal year are
estimated at s5l 300 900 which added TO the
existing balance will form total Of $50. 932''
13G 81. Tie expenditures are computed at
$50, 5GO.05G Sc, including SH19o.177 II
which it is to be applied to the redemption o
the public doIt II these calculations be re-
died then the yeor sill leave ou unaPrro.
GRATED balance Of S5372 90 81.
The total means Of The following GscaI y'ar
commencing July l, 1853, are estimated at
$50 .572 070 81, including balance, ond theeX
pendlt1res at SIG 1853 60.
The expenditures ofrhe last year embraced
he last instalment due TO Mexico under the
treaty Of Guadalupe Ilidplgo, and the payment
IF upwards of 81 600 900 for interest. hosiles
nearly g., 600 600 for the redemption Of the
principal Of yariou, loans. Deducrlog tfcse
aud other items Of extraordinary expenditure
II the period reduces what may lie termed
tho regular working expenditure 10 $50, l34,
G92 60.
The accuracy Of the estimates made for the
Current fiscal year have approximarcd closely
to actual results. Thus, The receipts, which
we're calculated at $5l 500 600 for the whole
period, have amounted to $22, 220, 299 20 in
the first five months; and The c.umatcd and ac-
uual expenditures bear like proportion. The
latter, however have been increased to the cx.
tent of about Slo,0Oo,0O0 hy appropriations
Of Congress not included in the estimates pre-
scented by the Treasury Department.
The aggregate registered debt Of the conn.
try has been reduced by the payment of So,
1923, 703 10 on various accounts, and on the
first January instant stood, at 500, 131 G92 Is,
exclusive Of $5,000,000 still deliverable to
Texas under the act of September o. 1850
The report recommends that the Department
be empowed TO purchase any portion of the
out standing stocks at the current market value
to the extent ofany surplus means ON hand,
providing, however that the available Treasu.
ry balance shall not be rcdcccd below 1000,
600.
AlluLng to the decrease of ,G76,2l 80 in
the receipts from duties on foreign merchan-
disc as compared with those of the previous
fiscal year, Mr.. CoRwIV remarks hat the de-
cline Is "deemcd but temporary" whilst it
| shows the uncertainty oflarge amounts (Which
in times Of high prosperity are expected from
| that braLch of revenue" lie refers also to
views expressed in former rcpors in regard to
the prcjudclal tendency free trade legisla.
ton, which is described as tending "injurious
W n.y. - 'N' ~ q Ut CAlCll W uCSllOy
some Of the prominent manufacturing interests,
OF the country, by giving TO the foreign pro-
Queer the control Of tge supplies OF our home
market" The experience of the iron trade is
cited as particularly illustrative of the opinion
OF the whole Of our enormous agricultural,
mineral, aud manufacturing products but one
twentieth part is transmitted t. foreign mar
kets; being little if at all more in point of val
ne than the coastwisc trade to and from the
American ports in the Gulf Of Mexico, and
less than the meretolls collected by the canals
and railroads on the transportation of merchan
disc for the internal trade ofhe country.
On review of this portion of his subject.
Mr.. CorwiD sees sufficient to confirm his con
vlction that a tariff with fixed and reliable du.
ties would be vastly more beneficial than the
present uncertain rates
The foreign merchandise imported in the
year amounted to $2O7 1Oo,73S, of which
Sl2o3I0l3, in value, was re exported. The
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