The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1857-04-29

1.-THE last Of Washington's Administrations
$3.50, s9s, and the duties 90 imports about
81, 000, Oo0--nr nearly ten times as much
as the support Of the Government required
leaving nearly nine.tenths 70 20 TO the pres
ervatun Of peace with the Indian tribes, de.
fence OF the frontiers. protection Of commerce
in the Mediterranean, and other extraor-
binary objects. This amount was produced
BY moderate duties--the al yaorems, 10, Ia, |
Is and % per centum--snd mainly produced
by the first two rates. the latter two chiefly
applying to objects Of luxury not used by the
general mass. Thus: The amount OF i'm.
ports subject to the 10 and the l2s rates was
SOS. a67 900, while those subject to Is were
81 $50, 900; and those subject to 30 per
centum only the third Of one million. The
average Of the whole was about Is per cent
The specific duties were on the same mode-
rate scale; and the cost Of collecting the
whole was - per cent.
The interest on the public debt was three
millions and quarter; lie Military DEPART
ment. ", soc, 900; Naval Department, s44o,
600; tribute to the Barhary powers, veiled
under the name of foreign intercourse ex.
pense, was S300,o00 while the regular dl.
pematic intercourse was unly about 10000.
The whole expenditure Of the Government
was about five and one half millions; its
whole resenne something m1r--the excise
On distilled spirits producing some s400, 600.
Thus, order and economy were established
in the finances.
Abroad peace had been maintained. The
proclamation of neutrality, unanimously
agreed upon in the Cabinet, saved the Uni.
ted States from the calamity IT being involved
in the wars of the French revolution. The
commercial treaty with Great Britain stopped
the depredati0ns which the British had COM
menced upon American vessels carrying pro
visions To France, and obtained indemnity
for depredatinns alrcady Committed. Win
Spain the serious question ol the free nayi.
Cation at the Misses ppi was settled ; and
IN addition 10 the right OF navigation,
place ol deposit Tor American produce aud
merchandise was Ubtaned al New Orleans
the right to be abs0uie for three Years, and
atterward until an equivalent place should
he provided. III was the subsequent vloia.
ton of this right Of deposit winch led u the
acquisition of all louisiana S,iety to the
persDns aud property { American cItzsns
IN the Mediterranean SEA had been Obtained,
and upon terms T., be endured until strong
enough 10 do better. The formidable Indian
war in the Northwest, aud the troublesome
, hostilites in the Southwest. had been ter.
minated, aud peace gwen 10 the young com.
munities, on the Kentucky aud Cumberland
rivers, which commencing without authority,
: were laying the foundations of future great
states. A domestic Insured tlun that 81
Western Pennsy lssnial had been quelled
and happily without misunderstanding eshibl,
ton nf large fnrce, with Washington III IL,
head. being sufficient TO forbid rrsist,nce
and wise humanity sparing all punishment
The new Government VAS solidly established
and amid difficulties which might have beer
: insufierable under any other President. Pub
e lie credit, whIel, had sunk so low under IN,
i Confederation, had risen TO a high standart
under tie new Government, and a genera
commercial and agricultural prosperity per
yaded the land.
: THE PRESIDENCY OF JOHN ADAMS.
Tie Administration Of John Adams Eel
upon difficult tunes, aud involved the neces
! sity OF measures always unpopular them
! selves, and never more 80 than at that time
The actual sggrrsslons of France upon ~
:. commerce, her Ihr-ats 1i war, aud insults I,
our Ministers, required preparations 10 b
made for war aud these could not be mad,
!. without loans aud taxes. Fifteen millian
was the required expenditure Of the las
i year Of his administration a large sum IL
that time, but almost the whole Of which
: went to three objects; the army, the navy
: and the public debt. The support Of th,
e iyernmrnf renamed II the moderate sun
which il had previously presented. TO WI
s560,uO0. The duties still remained mode
rate-dd raiOrens, 10, III. Is and 90 PEI
!. ceptum; aud lilr latter more nominal thar
real, a. It only fell upon Few article. D
! Injury, u winch the importation va, only |,
. the value Il $50 900. The main levy eel
upon the 10 and -. per centum classes, 81
which to the value Of twenty-six and one
> htlf millions we're imported % the Is pei
!. centum class only seven aud one.half NIL.
!. lions were impaired, and the average Of th,
4 whole was ID per eentun and fraction
!, 'he specifies were Increased, but mt con
!. siderablY; and the cnst Of collecting III,
wh0le Mas I per cenium Direct taxes ant
uans made up Tie remainder. The wll0ls
!, amount collected from dates was about fer
]. rnlllinns 70 be precise, 80, ,2i5; that i
to say nearly tsrnty tines a. much ~ III,
!. support d tie Government comprehension,
!. every civil a9lrc, required. Tie admins
!. traiIon Of Mr.. Ahans, though condemned 70
i exirasaganre. was strictly economical il
3 support II the GOSernment, and 10 the cDl
!. lection 81 tie revenue; the army aud "a
navy, those e1fmnrant objects Oi expendi
, turs brought the demands l,,r money wbiel
i. injured the Administration.
!, This Abridgement Of the CONCESSIONS
. debates, combined with Mr.. Benton's notes
will furnish almost complete politiral his
: tory ii the United States since the adoption
y Of the federal constitution. and will be a
= invaluable work DC reference Tor Legislator,