The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1856-01-09

and convention OF commercial reciproc
ty with the Hawaiian Kingdom, have
been negotiated. The latter Kingdom
and that State ot Nicaragua have also
acceded to declaration recognizing as
international rights the principles con
tanned in the convention between the
United States and Russia of the 22d of
July. 1854. These treaties and conven
tions will be laid before the Senate for
ratification.
TREASURY.
The statement made in nv last an nu.
al message respecting the antiopate ed re
ceipts and expenditures nf the Treasury,
have been substantially verified II ap-
pears from the report o. the treasury,
that the rcceints during the last fiscal
year, ending July $50 from all sources
were sixty five million three thousand
and nine hundred and thirty dollars and
that the public expenditures for the
same. exclusive Of payments on accounts
of public debt. amounted to tftv-six mil
lion, three hundred and sixty i've thous-
and three hundred and ninety.three dol
payments mado in the redemption Of the
public debt, including the interest and
premium amounted to nine million eight
hundred and fortyfour thousand five
hundred and twenty-eight dollars. Tho
balance in the treasury at the beginning
of the present fiscal year. July l. 1853.
was eighteen million nine hundred and
thrty-one thousand nine hundred and
seventy-six dollars. The receipts for the
first quarter. and the estimated receipts
for the remaining three quartersamo
together to sixty-scven million nine hun
dred and eighteen thousand seven hun.
area and thirtyfour dollars, thus afford
ing, in ALL as the available resources Of
the current fiscal year, the sum Of eighty.
six million eight Hundred and hftv.six
thousand seven hundred and ten dollars.
If to the actual expenditures of the
first quarter of the current fiscal year
be added the probable expenditures for
the remaining thee-quarters. estimated
by the Secretary of the Treasury, the
sum total will be S7l ,527,s46, thereby
having an estimated balance in theTreas-
ury on July !, 1855, of SIS 623.sG34I.
In the above estimated expenditures of
the present fiscal year. are included So.
900 600 to meet the last installments of
the Sl0000,000 provided for in the
late treaty with Mexico, and s7.750,000
appropriated ON account Of the debt due
to Texas. which suns make an arprea.
gate amount of Sl075O,OOO and reduce
the expenditures, actual or estimated,
for ordinary object Of tie year, to tho
SUM Of s60.476O00
The amount of the public debt at the
commencement Of the present fiscal wear
was forty million five hundred and eighty.
three thousand six hundred and thirty
one dollars and deduction beir Q made
made of subsequent payments. the whole
public debt of the Federal governments
remaining at this time, is less than forty
million dollars The remanont Of ccr.
tain other government stocks. amounting
to two hundred and forty-three ihous-
and dollars, referred to in my last mas.
sage as outstanding has since been paid
I am fully persuaded that it would bu
difficult to devise system SUPERIOR To
that by which the fiscal business of tho
government is now conducted Not
withstandiug the great number Of public
agents of collection and disbursement, it
is believed that the checks aud guards
provided, including the requirement Of
monthly returns. render it scarcely ros.
sible for any considerable fraud on the
part Of those agents. or neglect, ihvolv-
ing hazard of serious public loss, to es.
cape detection.
| renew, however,the recommendation
heretofore made by me. Of the enact
mcut of law declaring it felony on the
part Of public officers to insert false en-
tries on their books of record or account,
or to make false rctu rms. and also requir.
ing them on the termination of their ser
vice 10 deliver to their successors all
books and records and all other objects
of public nature in their custody. De
rived as our public revenue is. in chief
part Of dnties on imports. its magnitude
affords gratifying evidence of the pros
perity, not only of our commerce. hut
also the other great interests upon which
that depends.
The principle that oil moneys not rc-
qulred for the curreut expenses Of the
government should remain for active en-
ploymeut 10 the hands of the people and
the conspicuous fact that the annual rev.
tnue from all sources exceeds by many
millions of dollars the amount needed
for the prudent and economioa admin
istration Of the public affairs, eauuot fall
to suggest the propriety e an early re-
vision and reduction Of the tariff Of du-
ties on imports I, isnow so generally
conceded that the purpose of revenue
alone can justify the imposition of duties
on imports, that tho impost tables and
schedules uhquesliopably require essen ..
tial modification. A departure from tho
principles Of tho present tariff is not an.
ticipated.
ARMY.
The Army during the past year has
been actively engaged in defending the
Indian frontier, the state Of tho services
permitting but few aud small garrisons
in our permanent furtifrations Che ad.
ditional regirients authorized as the laet
session Of Congress hare boen recruited