Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-01-17

uas Trcasurer's Report.
The Report of the Secretary Of the |
Treasury upon the anances Of the United |
States for the fiscal year ending June 30,
1855, has been published. 1t is very long |
and interesting paper, making, together
with the documents accompanying it, vol |
ume of near 700 pages Politicians who !
have leisure, will consult it for themselves
we are sure there are very few Of the mass
es who would read it through for a good
round sum. The n. Y. Courier and Enqni-
rer, whose Editor seems to have looked
through the report, says the contents of the
volume are well arranged, furnishing infor-
nation of the first Importance, and indica-
ting great labor, industry and talent on the
part of the head Of the Treasury. We may
truly say, indeed, that the fiscal affairs of
the nation, and its great commercial top
les, are removed from party machinery and
from party prejndces The Tariff and its
modfcations-the coinage-Treasury reg
ulations-and other topics, coming legiti-
mately under the especial eye of the Secre-
tary of the Treasury, are discussed with a
liberal tone, and with regard to national
interests, not to party measures.
The most agreeable features of the re-
port are--lst, reduction of Custom House
revenues for the year, showing S53, OPS, 1874,
against S64, pa, 100 for the previous year,
and $5S, 93I, S65 for the years 1923. 2,
a material reduction Of the public debt to
the extent of no less than 81, 600, 900 since
July, lS54-the aggregate at the latter
period being Sal, OO7, 625, and on the 18th
November last, $50, 739, 100, in addition to
small balances of Treasury notes and I'M
funded and funded debt outstanding for
many years, which, it is presumed, will new
er be claimed. 3, a more favorable result
as to foreign imports and exports, showing
that the exports for the year amounted to
$275, l56, SAG, and the imports to $26I,-
46S,52O. For the past nine years, the
aggregate Of exports is $6,l7O,074, IA.
imports, $6,9s2, 9OI asa. These figures in
themselves are very strong indications of
the growing commercial Importance of the
country and of its ability to meet and pay
for, from IFS Oacn soil and industrial forces,
the importation of $500 600, 600 of for
eign goods annually. The importations
have doubled, and the exports have trebled,
since the year 1910.
The importations declined from $780,
000,000 in 1886, to $lO7, 900, 900 in 1910;
the former year being one Of great expan-
sion and accumulation of foreign indebted
ness, following the unwise policy adopted
and forced upon the country by Gen. JACK
SON. The pet bank system conceived and
urged by him was, we think, the ground
and source Of all the financial and CONNER
cial trouble, the debt and REGULATION of
1S36-lS4O.
The export of coin to Europe during the
year, to pay for silks, fnery, railroad iron,
&C., was over $50 100000. The tonnage
in 1920 is placed at 1880, 900 tons, in
1855 at $4,000, most gratifying indi
cation of the vast resources Of the country.
OF the growing Importance of the great
American staple, Cotton, the Secretary re-
marks that the American manufacture of
cuttons, for the year, is $64, SOC, OS0. Cot
ton manufactures imported for consumption,
$I8,3S5, 1871, exclusive of duties. The pro-
portion of American manufactured cOttons
will be $64, OOO, 900 to $4,000, 900 i'm
ported.
Within the last four years great improve
ments have been made in all the depart
meutS Of the manufacture of cotton, and,
no doubt, will continue to be made and
in few years there will be manufactured
in the United States a great proportion of
the finer articles now imported. The state
ments of the manufactures of cotton in the
United States are made from the best in
formation that could be obtained.
We have paid to England, Wales, and
other portions of Europe during the year,
upwards of 1000 900 for IRON. What
say you to this, Pennsylvania, Kentucky
and Tennessee? Would not Sl4 900, 900
paid for American iron and labor be of
some Importance to your States ?
Imports of iron for the year ending June
80. I855-duties 80 per cent