Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1854-12-08

your attention Us nitnrnlly directed 10 lne u
nancinl condition of the country, always a
subject of general interest. For complete
and exact Information regarding the finances,
and the various branches Of the public SER
vice connected Herewith, refer You TO the
report of the Secretary Of the Treasury !;
from which It will appear. that the amount Of
revenue during the last fiscal year, from all
sources, was seyenty-three million five hun
bred and forty thousand seven hundred
aud five dollars; and that the public expcnd
lures for the same period, exclusive of pay
monis on account Of the public debt amount
to fliyone million eighteen thousand two
hundred and forty nine dollars Dirinr the
same period, the payments made in rcdemp.
ton Of the public debt, including interest
and premium, amounted to twenty four mil.
lion three hundred and thirty six thousand
three hundred and eighty dollars.
To the sun total Of the receipts Of that
year is to be added balance remaining in
the Treasury at the commencement thereof
amounting 10 twenty one million nine hun
drcd and forty two thousand eight hundred
and ninety two dollars and at the c ose OF
the same year, corresponding balance a.
mounting to twenty million one hundred aud
thirty seven thousand nine hundred an six.
ty-scven dollars Of receipts shove expenii-
lures, also remlinsd in the treasury. Al,
though in the opinion of the Secretary OF
the Treasury. the re,oipts of the cprrani f.,
cal vo,r arc not hkelv !, oon,l IN amount
,bosp of the las, vel ,hev viii unl,nbtodlv
cxreed tho nmou1t of cx,en1i,nres nv At
leas, 6ftoen millions of dollars
| sh,ll therefore. continp, tn direc, ,h,t
tho surplns revennc he aonliel so far -. il
can he indicionslv anil ECONOMICALLY done tn
the redgcti,n of The nnhlic debit. the atn,nnt
of wb,cl, NJ The com n,nceoient of the lnsi
G.c,l v,,r was sixtv seven million three
bppdrcl AMI r,rty ibo1.,nI six hnnlred and
twgntv-eluht d,iltrs: of which thare had
been 1,id on IN, t,v ,n,is,b J,v IF Nova.n
her. 1851. the sum of twontv.two million
three hundred and slxtv.6v, thousand ono
hundred and seventy two dolhrs; leaving d
balance of oats,nnlinr public debt of only
f,-iy-f3u- million nine hn1l-eI and seventy.
five thonstn f,1, hn1 lreI an dfty-six dol
l,rs. rel,enthle ut dur,rcnt p,riods within
folrieen veirs.
There are also rrnnln,s of other govern
mont stocks. most of which are already due
and on which the interest has ceased I'm,
which IA ave not va, been pressnt,l FIR nav
nent. anounting To two hundred and tbirv
threc ih1ns1ul ON, h1p.lre lam! seventy nino
dhllr' ms state nAni eXn1its the hct
tnlt tn anl1u m,1n' pi tha government
greatly exceeds the nmlnn' OF ~ pnblic
d'1t' which LATER r2nuns unpaid, only be-
c ils' thf TIM %: piyn nj has not yet ma
tlmd, an itclnn't be dischirgel at once,
EXCEPT al IN, Onion of the pibic creditors.
who prefer 10 retain the securities of the u
nt'd Sni'si AL ths othsf f,c,, MT lee
striking. TINT tue annual revsnu, from al
sources exceed. bg many millions Of dollars
the pninat !sl for prudent and eco
uln.r Il ad nustriuon OF the Government.
Tn' esilnites prosecute 90 Con gross from
tha different Executive DaDirtmen;s. at the
Jas. sesSlln a,n1nnted 10 thry-eght million
four hlaiiei ANA Sky thousand five hundred
nn eitry.'1' dlIlusi rul lh' appm7ul
tloas mlis % ih' sum OF q fy eight mdho;
on hundtei onl sixteen tloIHnl nine hun
drel AMI hity eight dn.iirs. OF this excess
Of app ir.itons over e-Uuttns, however
u1fe thm twenty millions was applicable %
extraordinary objects, hyiug Nd reference
% the u5uh annual etpsnlitures Among
these o5lpcts WIS nbaced ten millions T..
meet the ihlrl article OF the treaty between
'n' T. ii ca states A'1 Mexico So th't 20
ia ~ i'r OBJECTS "i ofHih' ry expenditure ti'
aP9'op au'a' were iimteb 10 cohsiderapi y
,~' man ioay m"hon' "i inilars. there
io'e' renew my cnmnanAl'ion Tor the re
"l1' on Oh lhe uNties on Imports lne re
P'H Oh h' Secretary OF ihi feasnry pre-
SCENTS 1 series Oh llO'es showing Uhi opera
tlo"oi tle r2N'nls system Tor several sue
ce,sV1 yers, ana rs inc general pTlnclple o
reduction OF duties WIN view TO revcnu'
am u II protection, may nov o. regarded ar
the settled policy of the country. | trust thu
lrtle diff ulty viii be- cn,onnterel IN seitlin.
the denils ~ tu- asure % TIA effect
10 ;onneNion with tins SUBJECT, recon-
men q ch ln-e IN the l',ys wh'ch recent ex
peri'iie mas SHOWN 70 Oa essential to th'
p'iecton OF the government There is n
express provision Of law. requiring the rec
ora 'Al pPsr5 OF public character, OF IN
s''i'i' oI. ii'' oil ula ~ ;'n % IT, t. be le.