The Republican journal. [volume] (Belfast, Me.) 1829-current, 1869-12-16
SECRETARY ROuTWELI,s REPORT

Mr.. Boutwell,, in his annual report, says a
good word for the commercial marine of the
country, which we copy below, together
with some important statistics from the re-
port
one Of the most efficient means of strengthening
the country in its financial relations with other
countries is the development OF our commercial
marine. The returns show that very large
amount of foreign trade is in English hands. We
are not only thus dependent upon rival country
for the performance of the business which should
be i'll the hands of our own people, but our ability
to maintain specie payments is materially diminish
cd 1.-THE entire foreign trade of the country, both
of exports and imports, were carried on in Amer
| lean ships the earnings would not be less than
SO 100000 year. At present freghts of the for
egn trade in American ships do not exceed SIS, 00o,
coo. We're this trade exclusively in American
hands large part Of this difference of 100000
would be due the United States and payable in
other countries. IT, for example, an American
citizen purchase i'll New ork thousand barrels
| of -four for six thousand dollars and export it to
Liverpool III All American vessel, and it's there sold
for seven thousand dollars, bill of exchange may
| be drawn against the proceeds and an invoice Of
goods of the value Of $1,000 purchased in England
entirely Stipulated, although at the Custom House
/ at New York there would be an apparent balance
! against the country Of $1,000.
| But on the other hand the thousand barrels of
flour are exported in British vessel, the proceeds
! of the flour realized in New York. and which can
he applied TO the payment of the goods bought in
England, will be only $4,000, and there will remain
an actual balance against the country of $1,000
This familiar example shows the importance of es-
/ tablishing our commercial supremacy upon the
ocean, and deem it therefore essential TO pros
perity that the shipping interest of the country be
fOstered, not only as nursery for seamen, but also
As essential agency in enabling the Government
to institute and maintain specie payments. 1t is an
interest also which in its development is import
ant to the State and people remote from sea coast
| as il is to maritime sections Every addition to
i,lJr q in
terror is as advantageous to the producer to the
merchants and shipbuilders of the coast. While l
90 not anticipate that it will be necessary to delay
! resumption until our proper commercial position
is regained, am satisfied that the development of
| the navigation ana ship interest will improve the
credit and rapidly augment the wealth Of the coun-
/ try.
! RECEIPTS AND EXPENDITURES.
The following statement exhibits the receipts and
expenditures for the fiscal year ending June 30,
1860 Receipts, customs $3.50 04S 1865; Internal
Revenue S15S,336 460.S6; lands, - 020, 81 di-
rect tax, S76j GS5,6l; miscellaneous sources, S27,-
72, S297 total, exclusive ofoans 1910 943, "A. 81
! EXpcnditures-Ciyil service $780,. 06l 80; Pen
! sions and Indians, s;35 ,5l0,Mt6i; War Depart
ment, SIS, S5o,990.6l; Navy Department, $50
00097 interest uponthe publicdeb s13O, 694 242 so
total, exclusive of loans, 1892 400 1919, Receipts
in excess Of eXpenditures, $40 ,413, 1916.
| The following statement exhibits the receipts
and expenditures for the quarter ending Sept 80,
S69:-Reccpts from Customs So, 500 92l .S6 ;Intcr
nal Revenue, S4 26352. Land, $685., oS Mis-
cellaneous sources, 51.4l2, 1887. Total, eXclu-
sive of loans, sos, S31 62202 Expenditures, after
deductlng the amount OF repayments by di>bursing
officers and other civil services, S15 102 POP .05 In
dians and Pensions. $13,A7 $40 70; War Depart
ment, S1a,5 46s.05; Navy Department, S57s2 ,630-
96; interest public debt, 37 452 ,27O.,4. Total
exclusive of loans, $50 4S0,5l459. Receipts lex
! cess of expenditures, $23,351 ,10743.
/ The estimated receipts and expenditures for the
the three remaining quarters of the fiscal year end
ing June 80 1870, are as follows: Receipts from
customs, Sl5, 0000 900: internal revenue 1927 ,O00
900; lands 100000: miscellaneous sources, $50
I000,000 total $2S6,000,000. Expenditures
service, S40,0000O0 pensions and Indians, S2l 900
600: War Department $40500,000 Navy Depart
ment 1000 900 interest of the public debt 500. 100
900: total 5000 100000. EstimaedIrecep in excess
of expenditures $76,750,000.
ESTIMATES FOR 1871
Estimated receipts and expenditures based upon
the existing laws for the fiscal year ending Jun.
Both. 1871 Receipts-From Customs $780, ,O0(
Internal Revenue, S1T5 900, 900, Lands S. 600 900
miscellaneous sources, % 100000: total, $4,000,
600. Expendtures-Civil, foreign and mscellan
eous $50 ,000, 900: interior, Indians and Pensions
So OOO,O War Department $4,000 900: Navy De
partment SIS 100000 interest upon the public debt
l27 900 600. Total $27l 900 900. Estimated receipt,
in excess ofeNpendtures $102, 100000.