Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-12-06

i
! of the sea. The merchants. marines, and ship
builders of the United State. are, II i true. nm
>ilrlH>scd i'll tar reaching enterprise, skill intel
/ iig,lrr anl courage. by any others III the world
But. " lila tHr increasing mount I'll our CONNER
/ cal tonnage in he aggregate. and tie largcr
! >zr and improved equipment Of the shiPrs low
constructed. d,iicicno in tie supply of ella
! BIZ. scunrn i, = II. 20 he very -er"u,l tct. II
! incuIly, niolcr Iaov. perhaps. hc met III patti v
/ due regulation f.l lr introduction, INTO our m'I-
! chani ships "t ind.utcd apprentices wiuJa."hi'o
/ il would afford us,inl ana eligible occupation Ia
| numerous Young men. would have atfndeheA Ia
| ralse the character II >oan.n a. II class. Al Il
! IL Is deserving If serious reflection. whether it
inny not Ia, dc,iiahle To- re,i,e the existing laws
! nj the maintenance ,t discipline nj sea, upnl
| winch tie security Of life and property on the
| eeran mnst /" - great an cXtent dop'nd.--
/ citizens for Indrmncation, and Submissive ac
! qaesIncr III national ud'gnity. 1t woull have
! encouraged in these luwes men spirit If inso-
lcne" aud raPinc most dangerous To- the live, and
| property nj our citizens at Puuta Arenas, : \
probably cnhnidruod them /" grasp at thc treas
! urps and valuable merchandise continually pasS-
/ ifgoNrr the Nicaragua route. 1t certainly would
/ Lnr" been most satisfactory Ia M if the object
/ uf The ''tNanr',n mission could have been CON-
-llnated without any act Of public force but
/ the arrogant cuutlnnacv of the offenders render
! ed il impn, ~iblr to avoid tie alternative, either
! 10 lr' ak their establish mrnt or Ia leave them
impressed with tie idea that they might persc-
we're with impulIity III career "finsolruce and
| plumber.
This transaction has been tie subject Il com
+ 2laint On the part Of some foreign powcr>. and
la been characterized with more Of har,hne>s
than If justice. If comparisons Were t" be in
stitutcd. it would not be difficult 10 present re
pcatcd instances in the history of States. sand
ing in the very front Of modern civilization.
where communities, farlr,- offending aud more
teicnCc,ess than Greytown, have heen cha>ti-cd
with much greater severely and where not cities
only have been laid in iuins, but anlan life has
been rrckle,sly sacrificed, and the blood Of the
innocent made profu-e'y Ia mingle with that of
the guilty
Passing from foreign TO domestic affairs, your
attention i naturally directed to the financial
condition of the country, always n subject Of
general interest. For complete aud exact infor-
nation regarding the finances, and the warriors
branches of the public service connected there
with, refer yoa 10 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 seventy three million five
hundred and forty nine thousand seven hundred
aud five dollars and that the public expenditures
for the same period, exclusive Of payments on
account of the public debt, amounted to iift yono
million eighteen thousand two hundred and forty
ldnr dollars. Daring the same period, the pay
mrnt- made in redemption of the public debit in
cading interest and premium. amounted t"
twenty four million three hundred and thirty six
thousand three, hundred and eighty dollars. i"
the sum total of the receipts of that year is 10
h. added Il balance remaining in the Treasury ut
the commencement thereof, amounting to twenty
one million nine hundred and fprtv-two thousand
,ht hundred and nin7ty-two dollars and mt
liz close of the same year, a corresponding bal
ancc amounting to twenty million one hundred
and thirty seven Thousand nine hundred and
4 III
lures, also remained in the Treasury Although,
in the opinion Of the Secretary Of the Treasury,
the receipts of the current fiscal year not
likely to equal in amount those of the last. vet
they viii undoubtedly exceed the amount of ex-
pendjt ire> by at least fifteen rillionS of dollars.
shall, therefore, continue to direct that the
surplus revenue be applied far as it can be
iadicou,ly and economically done. to the rcduc.
tion of the public debt, the amount of which, at
the commencement of the last fiscal year. was
eXtv-s.ven million three hundred and forty thou
sand six hundre and twenty.cigth dollars Of
which there had been paid on the Goth day Of
November Sol tie sum of twenty two million
three hundred and sixty five thousand one hun
dred and seycnty-two dollars; leaving IA balance
of outstanding public debt ot only fOrty-four
million nine hundred and seventy five thousand
four hundred and fifty SIX dollars. rcdecmable at
different periods within fourteen years. There
also remnants of other Government stocks
/
interest has ceased, but which have not vet been
presented for payment, amauntng to two hun
orcd and thirty three thousand one hundred and
scycutv-ninr collars. This statement exhibits
the fact, that the annual income of Government
greatly exceeds the amount of its public debt,
which latter remains unpaid, only because the
time OF laYmcnt has not vet matured, and il can
rot hr discharged at once, except at the option of
public creditors :. who prefer to retain the securi-
ties of the United Statcs: and the other fact not
less striking, that the annual revenue from all
sources exceeds. BY many million. of dollars the
amount Leedcd for prudent and econouical ad-
mini >tration Of the Government.
The estimates presented to Congress from the
different Executive DEF artnentS, at the last scs-
sion, Amounted to thirty eight million foar hun
dred anu six thousand five hundred aud eighty
one dollar: and the appropriations made to the
sum of fifty ,ght million one hundred and sixteen
thousand nine hundred and iiftv-oght dollars
OF this excess of appropriations over estimates
however, more than twenty millions was applica-
bic to extraordinary object. having no reference
IL the usual annual expenditures. Among these
objects, was embraced ten millions to meet the
| thru artlc" Of the treaty between the United
States and Mexico: 50 that, in fact for objects Of
ordinary expenditure, the appropriations were
/ limited Ia considerably less than forty millions
ri dollars. tEcr fore renew my rccnmmenda-
ton for reduction of the duties ON Imports
The report If the Secretary of the Treasury pre-
set> Il series of tablrS, showing the operation OF
tie r"ycaGe system for several successive years.
and - the general principle of reduction of duties
with a view (" Revenue and not protection rrav
now r regarded n, the settled policy If the
eountcrcd in srttIin: tn" details of measure To
i that feet