The New York Herald Newspaper, December 7, 1858, Page 2

2 NEW YORK HERALD, TUESDAY, DECEMBER 7, 1858. _—— rate on! were ‘ide for the t Of this eatimated deficlency, district into which they are brought; “and to appoint | Deduct the actual aa! estimated expenditures a decline of twenty-nine por centum. The average price | These, with } Other ordinary channols of information foil wayepn id ng yr ne pli nto which will be ‘neresaed by such appropriations AS nay —_@ proper person pe residing upon the Bo ot a8 heretofore Stale... cceeee coe eeee ee 74,005,896 99 | at New York, for January, 1857, was $25, for January, | common to t ho pablic, furnish, it would seem, ample be made by Congress, not eatimated for in the report of rica aS ageat or ageuls for rece 18°8, was 82h 50— showing a ‘decline of eighteen per | menus for te — correct aad faithful discharge of the duly, the commercial, manufac the Treasury Department, a8 well as to provide forthe | lattoes, or persons of color, delivered from on b coutum, Tho difference between the highest ant lowest | Tho additi, -_7 element of cost and charges of ship This revulsion was felt the more severely in the United adua! redemption, from year to year, of the outstand. vessels seized in the prosecution of the slave trad. ices 10 New York for the year 1657, being $31 in Aprit, | meat canno calculated with the same certawty. States because similar causes had produced the like de. ing Treasury notes, the Secretary of the Treasury recom- commanders of the United Slates armed verseis. * 867, and $23 in December, is teas than twenty six per | It, however, = tutes Asal portion of the dutiablo joradie effects throughout the commercial nations of mends such a revision of the present tariff as will raise A doubt unmediately arose as to the true constructio centum, whilet the diffrence between the highest aud | value, and a. be of the appraisers wilt europe. All were experiencing sad reverses at the same the required amount. After what | haye already said, I of this act. It is quite clear from its terms (uat th lowest for the same year, at Liverpool, was thirty per | enable them To subeti yy any Serious injury from moment. Our manufacvorers ‘Suffered severe. | need scarcely add that I concur in the opinion expressed — President was authorized to provide “ for the safe keep eentusn. that quarter. tute for this plan a home valuation ly, not because of the recent reduction in the tariff of in his report—that the public debt should got be in ing, support and removal’ of these negroes up till che duties on imports, but because there was no demaud at | creased by an additional loan, and would therefore strong- time of their delivery to the agent on the coast of Afr: any price for their productions, The people were obliged | ly urge upon Congress the duty of making, at thoir ca; but no express provision was made for thelr protec. to restrict themselves in their purchases to articles of present session, the necessary provision for mecting these — tion and support after they had reached the piace of mg the Rexroes, wit --——— Leaves an estamated balance in the treasur, dniy 1, 185%, of, leerMATICS FOR 068,298 ST 1, 1859, v0 avLy 1, 1860. the treasury... from 7,063,208 97 customs for the 30, 1868 would be to “eavire the appraisers to ascertain the value evans igaaes of the urtio| © bY an inquiry iato its value at the port of bur ivon'at Liverpool for J importation > {8 what manher shall he proceed to do so? | i The average price of bar iron at Liverpool for Jan £ s. d. uary, 1657, was. fy The average price oF nary, 1856, was veceseesenersse, 6126 | Ho mast tai the price current of the market, furnished iabili Baws, 7 a. | P, e mode, and such information as he j prime necessity. In the Prostration of business the liabilities. their destivation, Sull, an agent was to be appointed to —Diflerenee, 18 per cent. ut nd in the ordin: , a can iro menatectereea ix it States probably suilered | TAK PUBLIC DENT. receive them in Africa; and jt could not have been sup “ ep | The average price of bar irom at New York ‘or _ | gather from "Nanterre 7 coeamereial men and his more than any other clags, and much destitution was the | — The public debt on the Ist haba A ogre commence. | posed that Congress \utended he should desert them at » 04,068,298 57 ont ry, 1857, Lets m7 Ebewieg e K > thas thee’ dnd \seupary my, To es BE. ; hecal yoar—~ 25,155,077 66. | ei rn 2 01 ni rice iy { hevilable consequence the great number of work- | ment of the present fiscal year—was $25,155,977 66. the moment they were received, and turn them loose on we average price Ol “a bent ait ‘erent in the diferent ports of the country 4 907 28 8,407,724 50 sting appropriat manent and i men who had beem employed in this useful branch of During the first quarter of the present year, the sum of | that inhospitable coast, to perish for want of food, or to ny January, 1858, wae our industry. There could be no supply where there was , $10,000,000 has been negotiated of the’ loan authorized | become again the vielims of the slave trade. Lad this vo demand. ‘To present an example, there could be no | by the act of 14th of June, 1868—making the preseot oat- | been the intention of Congress, the employment of on demand for railroad iron after our magnificent system of elanding pubhe debt, exclusive of treasury notes, $35,- | agent to receive them, who is required to reside on the railroads, extending its benefits to every of the | 155,977 66, There was on the 1st of fJuty, 1868, of irea- | coast, was unnecessary, and they might have been lauded Union, bad been brought to a dead pause. same con- | sury notes issued by authority of the act of December 23, | by our vessels anywhere in Africa, and left exposed to the sequences haye resulted (rom similar causes to many other | 1857, unredeemed, the sum of $19,74,800—making the | sufferings and the fate which would certainly await them. branches of useful manufactures. It is self-evident that | amount of actual indebtedness, at that date $64,910, Mr, Monroe, in bis special message of 17th December, TMB cs aan where there is no ability to purchase manufactured arti- | 777 66. To this will be added $10,000,000 during the | 1819, at the first session after the act was passed, an | Tbe est mated recely cles, these eannot be sold, and consequently must cease to ee fiscal year—this being the remaining half of the | pounced to Congress what, in his opinion, was its true be juced. joan of $20,000,000 not yet negotiated, construction. He believed it to be his duty under it, to Deficit iy a government of such | — The rapid increase of the public debt, aud the necessity | follow these unfortunates into Afric limited powers as that of 1! ‘nited States, could have | which exists for a modification of the tariff, to meet even | for them x prevented the late reval The whole commercial | the ordin: expenses of the government, ought to ad- | thomselver In communicating this interpretation of | be required tor the service of the ost Office Department world seemed for years to haye been rushing to this ca- | monish us all, in our respective spheres of duty, to the | the act to Congress, he stated that some doubt had been | during the present fiscal year. This latter amount is not tastropbe. The same ruinous consequences would have | practice of rigid ecouomy. The objects of expenditure | entertained as to its true intent and meaning, and ho | taken into tho foregoing estimates, but is asked for by followed in the United States, whether the duties upon | should be limited in number, as far as this may be prac- | submitted the question to them, so that they might, | ‘hat department, as will appear from the letter of the foreign imports had remained as they were under the | ticabic, and the appropriations necessary to carry them | ‘should it be deemed advisable, amend the same before | Postmaster General accompanying the annual catimates. tariff of L846, or had been raised to a much higher stand- | into effect ought to be disbursed under the strictest ac- | further ings are bad under it.’ Nothing was n my last annual report was submitted to Congress, ard, The tari? of 1867 bad no ageney in the regult. | conntability, Fnlightened ecouomy does uot consist in | doue by Congress to explain the act, and Mr. Monroe pro- | Tcxpiained the embarrassments under which the estimat- The general causes existing throughout the worid could | the refusalto appropriate money for constitutional pur. | ceeded to carry it ipto execution according to his own in. | ed receipts into the treasury were made. A new tariff not have been controtied by the legisiation of any particu. — poses, essential to the defence, progress and prosperity of | terpretation. This, thea, became the practica} constr act bad just gone into operation, under circumstances erence nearly 13 per comb. and this wout 4 bappen, though the appraiaers might dis Peers oe diy bk contended that a reduction of ix | hirsute g'4y wongelly aud fuithtaily. Sch wound ver cent in our tariff depressed the price of iron im Gias- | be the case ux der the t by baworable view of. the subject; ad Liverpool. argw protection t gow and Liverpool, The argues: at | Dat wre cannot “Pome valtintion would inevitably lea te difficuities and o Mbarrassments. Tt would becom.” the interest of importers to controi the market value at ‘their respective ports, with a view: to the amount of duty to be paid by them. [a what manner and to w bat extent combinations for thisob- coutemplates a different result, These facts show that the prices have been aa well sustained in America aa in Europe, and that the depression which occurred must bave been brought on by causes common to both coun- tries, and independent of the tariff of 1857 It may be said that the prices in America would have been better 0 sustained with a higher tariff, by excluding the importa- | ject would be made, espe ‘cially at the stnailler ports, it ia in- tion of iron (rom England at the low prices ruling — possibie to anticipate. Ti ¥¢men who are cnal to evade there, The answer is, that if the price of any com- | the present law, and defr: sud the Sresenry ie spite of ite modity fails in the markets of the world, our people, restrictions, and with the c/becks now we around as consumers, are entitled to the benefit of the them, would not find it dit: cult to establish, when it reduction, and it is not just (hat the price should be unna- sited their purposes, g fictitio US market value for the turally sustained by legis!ation. moat if not s! of our ports. If i * appraiser, convinced ‘This is especially true when the same causes have pro- that by such combinations, or ot) 2eF means, a fraud was dured a like decline in almost every important product of attempted, should find it ueceasary tO uacertain the bona our country. fide market value, his most efficie,4t means of doing so ‘Tat KEYSCT OF THE TARIFY ON OTFRR INTEREST? | would be to go to the same sources of formation that.he cece sey, 4,076,848 89 ow’ the oth” June, and make provision | To 0) stimated " “defclenes there until they sould be’ able to provide for | 180; sould be added the suim of $3,838,723, which wil! Xo government, and espec tar countr: ‘the republic, but in taking care that none of this mone; tion. When the Africans from oa board the Echo wero out of the then recent revulsion in trade and bu- A table is appended, compiled from the moat relia. | now uses. would ve compellod thi '2, as cow, to ioow “The per dical revulsions which have existed in our | shall ve wasted by misinanagement, la its application % delivered to the Marshal at Charleston, it became my ess, Which made all calculation as to its effect upon the | ble sources accessible’ in the absence of azy official . to the aay Peeing and the coat anu! charges of ship- past his'ory must continue to return at iatervals so long | the objects designated by law. duty to consider what disposition ought to be made of ‘yenue donbtft! and unsatisfactory. This opinion was | record, showing the average price for the thro» last ment, but he would be required to exten\/l his investiga firea! years, and for each month of each year, in the mar- _ tion to the other elcments which go to mak ¢ up the home ket of New York, of a wumber of leading articics. From | value of the article. After ascertaining the dutisble this table {t will aj xv that trom tbe year ending June | value of the goods, as at present, he must ascertam 80, 1857, to that ens June 30, 1858, there was a decline | the insurance, the freight, the profits of the 1 feaciug articles as follows, viz. Waeat flour, per cent. 24 re AS OUF present unbounded system of bank credits shai! Comparisons between tho annual expenditure at the | them under the law. For many reasons, it was ex-| frankly expressed to Congrees at the time. e present prevail. They will, however, probably be the less severe | present time, and what it was ten or twenty yearsago,are | pedicnt to remove them from that locality as hooey estimates are submitted under somewhat more favorable in future; because it is not to be expected, at least for | altogether fallacious. The rapid iacrease of our country | as possible, Although the conduct of the author! circumsianees, and cousequentiy with greater coufdeace many years to come, that the commercia) nations of Eu- | in extent aud population, renders a cocremenas increase | ties and citizeus of Charleston, in ing counte- | 2 the‘r correctness. rope, with whose interests our own are so materially in- | of expenditure, to some extent, unavoidable, This is | nance to the exeeronof the law, was what might THR TARDY AND THE RECENT REVUTAION. volved, will expose themsvives to similar calamities. But | constantly creating new objects of expenditure, and aug- | have been 4 from their high character; yet | The tariff of 1957 has been tn operation more than a importer, and, adding all these together, with tie amouat of duty to be paid, he would arrive at the home’ market Hay, per cent, this subject was treated so much at large in my last an | mentivg the amount required for the old, The true | a pro’ «©. .cutinuanece of three hundred ‘Africans | year, aud in ordinary times the experience of that year | Hemp. 36 Sugar. ® | value. 10m; tind this proces would constitute the fairest nual message that I shall not now piace further. Still, | questions, then, are, have these objects been unneceasarly | in * stwediste vicinity of that city could not | Would afford reliable data to judge of its effect as well - 34 Pigiron.. | andeafest heck against fraud. As, however, all thea: eia- Lrespectfully renew the recommendation in favor of the | muitipled* or, has the amount expended upon any or a! ys eto become a source of inconvenience aud anxi- | upon the trade of the country as the revenues of 12 Leather, | Fenty ear the rate of duty, would differ according to passage of a uniform bankrupt law applicable to bank. | of them, been larger than comports with due econo | _ to its inhabrtants. Where to seud them was the | the government. Tho continuance of financial difficulties 16 Whale oii i the different modes of transportation to the different ports Wg institutions, This is ali the direct power over the | In accordance with these principles, the heads of t queetiay ‘There was no portion of the coast of Africa | during a large portion of the time, however, and the ef . 1814 Tobacco . it feads in the end to the same objectionable result which subject which, I believe, the federal government pos- | ferent executive dopartments of the government © | to which they could be removed with any regard to hu- | facts of 1, operating to a great extent during the whols 9 Copper. Tbave already considered. Not only so, but each new ° 10 Cheese... element entering into the calculation adds to the dift- e heavily or sustains g: priva- | culty of ascertaining the true value, and opens a new door a period of general revulsion than the agricultu- | for imposition. If, as charged, we cannot ascertain the «hing teo much of them to submit to addi. | value of an article in a foreign ‘market, and the cost of der to exempt favored portion of potting it on shipboard, it would be stil! more difficult to w citizens from the common calamity. \d out not only that, but the additional amounts of in > List also shows how little the dectne in prices | surance, freight, and the | ga of the importer. In this scribed to the change in the tariff made in 1857, | view of the subject it will be perceived that the change us ferently, in articles imported in the moat | abjvetionable for two palpable reasons:—1. By inevitably jes,and in those most largely imported, in | causing different valuations of the same goods at the dut¥ on which unchanged, and in thowe | differeut ports—thus violating both the spirit and ninished; proving that the cause was | letter of the constitution, which declares that “all sses. Such a law would mitigate, though it might not | been instructed to reduce their estimates for the next manity, except to Liberia, Under these circumstances, an | period, create serious difficulties in forming @ satisfactory etinct of self preservation might | year to the loweet standard consistent with the «i. | agreement was entered into with the Colonization So- | Jucement upon the question. The present estimates are y of the service; and this duty they have performed | ciety, on the 7th of September last, a copy of which is | based upon the optnios mates of the Trea | herewith transmitted, under which the socity engaged, | business of the countr, thousand doliars, to re- | gradually, but sI prevent the evil, The produce a wholesome restraint upon their banking busi- | clenc neas, if they knew, in advance, thata suspension of specie — in a spirii of just economy. Thy ts would inevitably produce their civil death. } sury, War, Navy and Interior partments have cach | for the consideration of forty ut sure. | been’iu some degree reduced; and unless a sudden and | ceive these Africans in Liberia from the agent of the nm emergency should arise, it is not anticipated | United States, and furnish them during the period of one | pt s ciency will exist in either within the present or | year thoreafter with comfortable shelter, clothing, pro. neral tone of public sentiment. The filea of the depart- period of another year, restore a state of wholesome indus- } Ube next fiscal year. The Most Office Department is placed | visions and medi attendance, causing the chi! tmcnt furnish strong evidence of its truth. Our exports (ry and trade. Capital has again accumulated in our large | in ay position, ditfercnt from the other depart. @ schooling apd all, whether children or adults, to | for the year ending the 80Uh June, 1868, were $324,644 421, cities rate of interest i= there very low. Coniidence } ments, and to this I shall hereafter refer, cted in the arts of civilized fifo, suitable t \ gradually reviving, and so soon as it is discovered that THE EXPANSES TO RE REDUCKD IF POSSENLK, condition. guregate of forty-five thousand dollars this capital evn be profitably employed in commercial | 1 invite Congress to institute a rigid serutiny to ascer- | was based upon an allowance of one hundred aad fifty avd manufacturing enterprises, and in the c ruction of = tain Whether the expeuses in all the departments canuot | dollars for each individual; and as there had been con. railroads and other works of public and private improve. be st!!! further reduced; and I promi peperity will again smile througho: in pursuing the investigatio Cuat a reuction ia the trade and has commenced, and that we are returbing to a healthy and prospe- condition, There scoms to be a concurrence in the ‘¢ mind on this subject, if we may judge from the etleets of the re y passing away. The ene’ 8, with our unbounded resoareces, will, within the | that a on are now slowly y and enterprise of our citi | uni being «reduction from the preceding’ year of ouiy $08," 316,261; whilst the imports for the “same time were 2,f13,150, being 78.276,991 ices than the year iu favor of exports over imports was ia ations and beyeud the control of | duties, imposts and excises shall be uniform througi. on. out the United States,” and that “no preference {it be alleged that although the changes mado in | shal! bo given (by any recuiation of commorce or i sfactarer, yet that | revenue) to the porta of one Stato over those of another.’* thom ali the aid | sidcraile mortality among thom, aud may be more before they reach Africa, the society have agreed, in an equi injure the American m: the land, It in my powe ment, } is vai, however, to disguise the fact from ou! vthac 1 tranemit herewith the reporis made tome by the } table spirit, to make such a deduction from the amount of 1846, which was | Though he may not be able under any system to have the a speculative wilation in our currency, without a corres , Secrctaries of War, of the Navy, of the Interior, aud of | as under the circumsiauces may appear just and reasona. fame precise valuation in every port, yet that ono which vonding inflation in other countries whose manufactures | the Yostmaster General, They ‘each contain valuable in- | ble. This cannot be fixed until we sliall aacertain the most nearly approximates to it should be adopted. 2. A come mito competition With oar own, mustever produce formation and important recommendations, to which I | actual number which may become a charge to the so. second objection is, that so far from preventing oxiating isastrous results to our domestic manufactures. Nota — javite t tention of Congress. ciety. matur frauda, it offers greater opportunities for fraud than ths rif, short of absolute prohibition, can prevent these ev’ AGUITIONAL SMALL STKAMERS NECRSAARY. Tt was also distinctly agreed, that, under no ciream- yet the fact present law. ‘avember, 1856, same months of © Same months of Ting Interests bave largely increased since 1846, more | {t is sought to avoid these dilficulties and embarrass. yonidly than the population and general production of the | meats by making the market price at New York the country standard of value, and to levy duties not only there, but An examipation of th es published under the | throughout the United St pon that basis. Ido not authority of various St , sinong which may be specified | see that it meets the objections which have been presented Massachusctis, New York aud Ohio, wit! abundantly prove { aguinet the system. The same danger of aecting the Ove mode of ascertaiving the compa. | market prices by improper combiaations would exist. It uatrial interests of the | would bo attended h like difficulties in reaching the true omparirg the amounta | valuation of merchandise. The appraisers at other ports us | wouk! encounter the game attempts at conseq| in my last aunual message I took occasion to recom. | stances, shal! this gov eae « itmmerdiate egnstruction of ton sinalf steamers, { ditioval expenses. | light era ) of the na ram. + be called upon tor any ad ct, itis proper to refer te our ancial condition, The same causes which hav produced pecuniary distress throughout the country, have | tien by authorising the construction of eight of them. The | the transaction. They ass: se recuced the amount of imports from foreisn countries, | progress which bas been made in executing this authori. | calowat.on they woulll be required to exp: that Lae revenue bas proved inadequate te meet the neces’ | ty is stated in the report of the Seorctary of the Navy. I | one bundred and fifty Collars ou eseb indivi recovered cntir sary expenses of the government. To supply thedeficien. | coneur with him in opinion, that a greater number of this ply ing with the agreement, and they[wouid bave nothing | increased receipts of t y, Congress, by the act of the 234 of December, 1857, | class of vessels is necessary for the purpose of protecting | left to remunetate them for their care, trouble aud re reaction and the auihorized the issue of $20,000,000 of treasury notes, | in a more eMicient manuer the persons and property of | sponsibility, At al I could make no betier ar- | of prospereviy tau nght, for the purpose of increasing the efficiency | The agents of the society manifested a laudable desire | 1857, the » y. Congress responded to the recommenda- {| to conform to the wishes Of the goverumeut (hroughout | the preseat year he aved me that after a carefal | months in 1866 w $6,202,227, In and 't, 1858 were 82,510,519." Wh.ist the from’the disasters of the Inst year, the rout year indicate a decided of acertanand speedy return the proposition rative prosperity of the several ir e y, af different times, is by of products exported to foreign countries, it being ob Om raut aud under vnd, this proving inadequate, they authorized, by the act | American citizens on the high seas, and in foreign coun- | rangement, and there Was uo other alternative. During NODIRCATIONS IMS 7K TART RROUEMNNDRD that these who can compete in the common market with | valuation, without possesring equa! means of de of June 14, 1858, a loan of $20,000,000, +t be applied | tries, as weil as in guarding more effectually our own | the peril when the goverument itself, through its own | The foregoing estimates contemplate a deticteney ia preducts of other countries can certainly maintain { tettion. Ts operation would be unequal aud uo to the payment of appropriations made by law.” | coasts. Laccordingly recommend the passage as au act | agenta, undertook the task of providing for captured ne- | the means of the govcromont, whic by the Svth Jone, | thetnecives at home, Just—the Importer at New York paying a duty Wk THUR FINANCIAL POLICY OF THK COCNTRY—HOW THE REVE | for this purpose. grOes ib Africa, the cost per head was very much greater, [ 1860, will amount to the Applying this test to the facts, wo find the following ro. | upov the real value of his merchandise, whilst NUE SHOULD KE RAISED. | TRE DEPARTMENTS OF THK SECRETARY OF THE INTERIOR AND THE There having been no outsianding appropriations appli. | 804 Should be sults at all other por he would be required to pay ’ céman would advise that we should go on in: | POSTMASTER GENERAL. cable to this purpose, I could not advance ang money on | ecesion lo supply man- | The export of American manufactures for the upor as the actual value of sim vreasing the national debt to meet the ordinary expenses | The suggestions contained in the report of the Secre- | the agreement. 1 there‘ore recommend thst an appro- | ver shail it be dene? A joan fo purpose is if . i coece es SLOATG,S45 | art y would often be very dif ¥ the government, This would be a most ruinoas pobey. | tary of the Interior, especially those in regard to the dis- | priation may be made, of the amount necessary to carry | not decmed advisable, iu view of the addition alread. ear 1858. -- 80,872,180 | ferent from its actual ia New Orieans.and Sas in case of war our credit must be our chief resource, at | position of the public domain, the peusion and bounty | it into effect mate tothe public cebt. A rovision of the tariff —lncrease, $19,895,835, equai to 1% per cent. Francisco on another or even the same day, The import eal for Whe first year, and this would be greatly impaired | land system, the policy towards the Indians, and the Other captures of a similar character may, and proba on of additional duties, is the ouly | In the same years the exports of cotion were, er at New York would pay his duty upon the real value by having contracted 4 large debt in time of peace. i is | amendment of our patent laws, are worthy of the serious | biy will, be made by our naval forces; and I earnestly re- hal! take some action to relieve 1847, rani 53,416,848 | Of his goods at the time he receives them, whilst at all our true policy to inc: our revenue so as to equal | considération of Congress, commend that Congress may amend the secoud section of mo: the expenditures it is now | In 1658 151,886,661 ho would be required to pay upon a fictitious our expenditure It would be ruinous to continue to | The Post Office Departwent occupies a position very | the act of March 8, 1819, so as to free its construction —lucre: be ved at some previous period at another borrow. Besides, it may be proper to observe that the | different from that of the other depariments. For many | from the ambiguity which has so long existed, and reoder Tobacco, 1887. 7,242,086 objections would seem to be sufficient to weidevtal protection thus alforded by a revenue tarif! | Years it was the polir vof the government (o render this | the duty of the President plain in executing its pro- trol the action of Congress that would be cousider- | 1D 1858,,.. » REMAP TOE} rasevt ee root agreed gg gr en nhgs ed would, at the present moment, to some extent increase | @ self-sustaining department; and if this cannot now be | visio: ed in the adoption of an origmal act. increase, $9,767 , equal to 135 per cent. such «plan is conclusive against it. The difficulty of as. the coutidence of the facturing interests, and give a | accomplished m the present condition of the country, we YES DISTUOT OY COLUMMA. Ido not deem {t proper lo enter fato any extended dis- ‘The exports Of agricultural production, except cotton | ceria ning in Boston, Philade!phia, Charleston, New Or (resh impulse to our reviving business. To this, surely Lit to make as near an approach to it ag may be prac Irecommend to your favorable regard the local in- | cussion of the ticoretic principles ou which o tari act | and tobacco, during the same period, show an actual de- | loans and other points upon the Avantic and Gulf, the no pereon will object j Henbte terests of the District of Columbia, As the residence of | should be framed crease, which, however, is not a fair comparison, as 1847 | market value of merchandise tn New York, Iu regard to the mode of assessing and collecting du The Postmaster General is placed in a most embarrass. | Congres aud the executive departments of the govera- | They may be brieity stated. Such duties should be laid | was a vear of famine ia Europe; but the iacrease of those | great; but when the rnie is extended to the Pacific, its en tes under astrictly revenue tariff, I bave long enter. | ing positon by the existing laws. He is obliged to carry | ment, we cannot fail to feel a deep concern ia its wel. | as will prosute the required revenue, by imposing ou the | exports by a fair comparison of the two periods ie about } forerrent would be net oniy violative of the constitutional tained and often expressed the opinion that sound policy | these into effect. He has no other alternative. He finds, | fare.’ This is beightened by the Ligh character and th’s | ‘people at large the smallest and tho most equal burdens. from 76 6 100 per cent, to which f bave referred. but of every princi requires this should be dene by specific duties, in cases to | however, that this cannot be doue without heavy de. | peaceful and orderiy conduct of iis resident iuhabitauts. | It is obvious that this is most edectually done by taxing, | Of the exports of reanufactures, those of iron and the which these cau be properly applied. They are well | mands vpou the treasury over andabove what is received |’ 1 cannot conclude without ming the agroeable | in preference to others, such articles as are not produced | manufactures of iron are found to be —-I847, $1,167,434; Adapted to commodities which are ueually Fold by weight | for postage; and these have been progressively incrersiog | duty of expressing my grat that Congress so | in this country; and atong articies produced here, those | 1868, $4,729,874, increase, $3,562,500-—cqual to 505 per or Mrasure, and which, f¥om (hei nature, are of equal } from yeur to year until they amounted for the last fiscal | kindly responded to the recommendation of my last an- h the home product béars the least proportion to | cent. or of pearly equal value. Such, for example, are the ar- | year, nding on the 80th June, 1858, to more than four | nual message by a‘fording me euficient time before tie ity imported are the fittest for taxation. The | | am aware that large exports of an article may sony ticks of iron of diferent classes, raw sugar, and foreign | millions and a half of dollars: whilst it is estimated that | close of their late gession for the examination of ali the | reason is, that {n taxing articles mot made in the | times result from adversity instead of prosperity, as when | Fuegceet on contained in my last annual report, 1 recom wines and spirits, for the prosent fiscal year they wil! amount to $6,200. | bills presezted to me for approval. This change in the | country the whole sum taken fram the consumer | the holder, unable to make sales at home, ships goods that echedutes ©, D, F, 6, H, be raised respectively lu my deliberate judgment, apecific duties are the best, | 000. These sums are exclusive of the annual appropria- | practice of Congress has proved to be a wholesome re- ‘o the treasury, while in the other class the | abroad, a8 a lust resort. But it is taxing our credulity to 20, 15, 10, and 5'per cent I see no good reason for f not the only meaus of securing the revenve against | tion of $700,000 for ‘compensation fur the mail service | torm. It exerted @ benficial influence on the transaction | consumer pays the | embanced value not only on | be told that exports of a large class of articles will go ou | bav.ng departed in the act of 1867 from the system of de- false and fraudulent invoices, and such has been the | percormed for the two houses of Congress and the other | of legislative business, and elicited the general approba- | the quantity imported, but on the qantity made at home. | from yeur to year, while the manufacturers are unable to | ¢ mal divisions, The present state of things affords a Mt ULES 70K REVISKD. to the principles of the present taritfact, £ uch changes as wiil produce the amount public service. In accordance with the practice ed for this purpose by other commercial na- | departments and officers of the yoveraumont in the trans- | tion of the country. It enabled Cougress to adjourn with | This last tax is paid not to the treasury, but to the manu- | compete at bome with the importer, thongh protected by | opportunity of correcti: g the error. This change will in ous , Specific duties would afford to the Amer). | portation of free mutter.”” that dignity and deliberation so becoming to the repre- | facturer, thereby rendering such a duty not only burden- | recy iowy or even nineteen per cent. And if it be said | creare the revenue from customs $1,800,000, upon the can Inapufacturer the incidental advantages to which be ‘The cause of theme large deficits is mainly attributable | sentatives of this great repnbhec, without having crowded | some but grossly unequal, the producer being bene- | that the year 1868 was one in which the state of things re- | hasi¢ of the importations of the last fiseal year. home vsions foreign to their | filted at the expense of the cousumer. ferred to especially existed, a comparigon of the exports of | To ra.se the additiona! amount needed will not require an uty and expediency. Af these primciples are sound, it is obvious that ao tariff, | the preceding year, conceded to be one of remarkable ase Of all the rates of duty of the present tariff. ft i strictly for revenue, has ever yet been enacted iu the | prosperity, will Fhow the same reeult. will become necestary, therefore, to select certain articles is fairly eotitied under a revenue tarill. The present xye- | to the sncreased expense of transporting the mails. In | into general appropriation bills pw tom is & siding scale to bis dteadvantage, Uneler it, when | 1552 the eum i ior this Service Was but @ fraction | natu and of soubiful constitution: prices are high and business prosperous, tle duties rise in | abowe four millions and a quarter. Sines that year thas | Let ime warmly and strougly commend this amount when he least requires their aid. On the con. | apnually increased, until in 1998 it has reached more than | cetablished by themselves, a8 a guide to their proceed’ | United States. It will not suffice to —o this prosperity is owing to | to be transferred from lower to higher schedules. Io trary, when prices fall, and be is struggling aguinst adver. | eigut mil) ons and a quarter, and for the service of 1869 | ings during the present session. The early jegislation of psy: Sy si other | the infux of gold from wns. That bas been a cause | making such changes, the true principles governing the sity, the duties are diminished in the same proportion, | it ® estimated that @ wil! amount to more than ten mil JAMES BUCHANAN. objects, such as fostering our then infant manufactures | of a genera! rise in prices, and of increased activity in all | itnporition of duties for revenu: should be kept in view, greaily to bis imjury. ious of dollars. Nether would there be danger that a higher rate of The receipts of the Post Office Department can be mado duty than that totended by Congress, could be levied in | to approach or to equal ila expendiiure only by meaus of Wastunarow Ort, Deo. 6, 1868. and encouraging the production of indispensable articles, | industrial departments; butno reason is perceived why the } snd such diecriminations made as, consistently therewith, - #0 a6 to render eur country independent of foreign goveru- | agriculture of the country should not be as much | Will best promote the various mterests of our country ments in case of war. stimulated by that cause as the manufactures. Yet while | without doing injustice loany. ‘The information contained the form ot specitic duties. It would be easy to ascor. | the ation of Congress. In applying any remedy OUR FINANCES. The objects which originally led to our aystem of duties | both have increased, the manufactures have increased | jo table No. 7 will afford to Congress the wocessary data tain the average value of any imported article for a | care mid be taken that the people shail not be de. \ have long since been attained; but under that system large | faster; wherens if they bad been seriously injured by | for their action, That table eoutains the importations, series of years; and, instead subjecting itto an ad valo- | prived of the advantages which they are fairly entitled wo Annual of the Secretory of the Tre: iotereste have grown up which have always ciaimed and | the tariffof 1846, they would, at most, have unproved | with the rates of duty aud amount of revenue derivablo rem duty at a certaln rate per contum, to substitute ia tts | €0joy from the Post Office Depariment. The principal | ANMwAl Report ay on ¢ ‘*" | received such consideration from Congreas as to prevent | more slowly than uther interests not so allected. therefrom for each of the three last fecal years, When place an eqnivaleat specific daty. remedios recommended to the consideration of Congress sury on the State of the Finances. the abendoameut of the idea ay ‘THE BEET MODE OY KEVEING THE TAMIFY. the amount which the legislation of Congress ehall make By such ao arrangement the consumer would not be to my the Postmaster General, are to restore the former rate ‘Tamascny Devarrunnr, leo. 6, 1868. I do not expect that a tari? now be framed ow rigid 1 proceed to consider the question of the best mode of | it necessary to ra're shall have been ascertained with dured. It istrue, he might bave to pay a little more | of postage upon single letters to five cents; to substitate revenue principles, but in all changes een peal ‘be | revising the preeent tariff, with a view to raising a suil- | anything tike ressonable certainty, the information con t ing privilege the delivery to those now cati. | S%—lu compliance with tho act of Congress entitied | giade at teast to avoid a further departure % stamps for their corres. | “An act supplementary toan act to establish the Treasury Assuming that the general principles ef the present ta would counterbalance euch other, and atnount to the | pendence, and to direct the department, ia making con- | Department,” approved May 10, 1800, Thave the honor to | rift act will be adhered to, ali will admit that, baving cient sum to meet the demands of the public service. awned Ip this table will reader the work of making such bas been proposed to repeal the act of 1857, and restore | (-uns‘ers simple and easy. the act of 1846, To this there are serious ob- THR PURUC DENT—TUR TREABURY NOTES, duty on a given article m one year; but if #0, he would | for the tf pay a litle lee in aothe and in a series of years these | tled te enjoy it, of pest office j same thing, 80 far as bis interest is concerned. This in- | tracts for the tr of the taal, to conine iwelf asceriained the addtional revenue required as accurately | jections, whch, to my are insuperable. [am well ‘The public debton the Lat July, 1867, was $29,069,586 90, convenience would be tridling, when contrasted with the | to ihe payment of the sum necesary for this single pur- | submit the following report — ta possibie, the leart tacrease of duty tws wil rage the | xatisfed’ that the wants of the goverament do not ‘require | ar stated iu my lant report. During tho last fac yeat additional security thus afforaed against frands upon the | pore, without requiring it to be traneported in post STATE OF THR TREASURY sem is the proper rate to be a # permanent increase of the taxes to the bo ype et there was paid of that debt the sum of $5,904,400 24, reveuue, @ which every consumer is directly imterested. | Coaches or carriages of any jarticular description. Under | On the Ist of July, 1867, being the com to determining, however, on what articles the daty is | the tariff of 1846. The duties of by lene one bundy few the vam of $25,165,977 66 outstanding on the Ist T have thrown out these sug as the fruit of my | the present system, the expense to the government is mencement of the fiscal year 1853, the to be increased, a strong appeal will dowbtiess be made | per cent imposed by that act are, in ition | J 868. To this amount must be added the sum of own observation, to which ema, in their better | greatiy increased, by requiring that the mail shali be car- | lance im the treasury was, seseee B17,T10,114 27 | 80 to discriminate as to aflord relief to certain interests | of trade and commerce, wholly indefensible. The public | $10,000,000, negotiated during the prosent fiscal year, of Judgment, will give such weight as they may justiy de | ried in such vebicles as will accommodate passengers. | The receipta into the treasury during the raid to be anusuaily ee, mind of the country will —— eae again to ac- | the loan authortved by actof June 14, 1858. There was serve ‘This will be dene without pay from the department, over fiscal year 1858 were $70,273,508 59, as In a period of general floancial distress, sach a# we lave | quiceee ju any higher schedule thirty per cent, the | isened under the proviaions of the act of December 23, RECKPTE AND RIPRENERS OF Tite Gov aRNMENT. ail roads where the travel Wiil remunerate the coa- follows:— not yet entirely passed, each interest in the country natu It would certainly require the Inst fiscal year, treasury notes to the of the tractors For the quarter ending Sept. 30, 1867 — ratly {cole the want of soy aid that would relieve ta | some more urgett neceerity than exists at this time tw | 2 736,300, of which there was redoemod, and These recommendations deserve the grove consiteration | From customs....... embarrasstaent® aud restore its Prosperity. In cespoud- 1h riment into: med thereof, during the same 5 of Congress From pubuec lavas sees ing to such a demand, care phoold be takcem not to afford Proposed to adopt the principle of | $0,061,500, leaving the eum of $19,754,800 outstan on THR PACD IO RATLROAD. From misceliaucous sources. the required tetiel at the expense of another interest equal- | Lome valuation, with a view, first, ofgnereasing the rates | the Ist July, 1858. In estimatng tho recetpts ex. J woul) aga.o call your attenton to the consteustion of ly in Wont of agsistance, and ens aittinn receive it secondly, of guarding against under valua- } penditures for the present and next fecal years, it is not a Pacific raiiruad, Time ane retiection have bat served to at the hande of the government, ‘& general calami- | tion other w are alleged to exist under | contemplated to redeem the outstanding treasury ty bee paraiyzed hand of industry and cramped the chergies of the people, it is unfortunate thet increasing the revenue, thie proposi- | able during the next fecal year, some provision shoukt ume, Whea the country is least able to bear it, | Hoh possesses no merit. Itsceks to do indirectly what can | taic to meet them. Seon copeaed £0 Se soaey cates warts of the government should force an increase of laxa- ; be better effected directly. If the sole ebject is to increase | thiv amount to permanent public debt by funding the tion. In yielding to the necessity which compels the im. | the taxrg, it is better to do so ina bold and mauty way. | voles. On the other hand, their entire redemption in ons position ©) the Durden, lett be done with that eptrit At present the duty is imposed upon the market value of y would call for an nereae of the oa point Abree thousand hundred and sixty-aine collars and confirm me in the troth ant jostior of the observations fifty mine cents (870,275,569 69), which amount, with | which I made on thie sulject im my last annual wesenge, the balance of teventeen inilion ‘seven hundred and ten | to which I beg leave respectfully to refer, thousand one hundred and fourteen dollar aod twenty. It freely admitted that it would be inexpedient for evet cents ($17,710,114 27) remaining in the treasury | the goverument to exercise the power of constructing For the quarter ending March 2), 1 at the commence made an aggregate for | the Proite oad by its own imi ents. Such . e rt wr of cightyweven million pine hy a pe d Meredse the patrouage of the executive to | justice which regards with equal care and protection all | the merchandiee in the principal markets of the country ich would render pecetary another revision of it im the and eighty. | a dao xtent, and tatroduee a ayatem of sobbing | the varied (otereets of the coantry. | from which the importation ix made, including all costs lance on the part of federal in connects ith this brauch of the subject, f would | and charges of ebipmer gbty-ix conte ($87,083,983 86.) and cor expenditures during the fiseal year ending | ollieials emt or deteot. This ean only be #, 1668, amounted te eighty-one tuillion hve bmn | done by ti olive and careful supervision, For the quarter ending Jun dred and egbty-five thoux vix hundred and sixty. | of tadividual and private interest. The construction o thia | From cus seven dollars and seventy six cen! 667 76.) of | Toad onght, therefore, to be coramitted to companies incor. | From public cttally vefer to the views presented in my iaet annu- To substitute for thie rule th riple af home walua- w" al report to Congress. tion would be to add to euch ¢ Of the Merchandise the | licy, Congrest #h prev It is «ise @ Gubject of regret that a public ac re- | isturance, cost of transportations, duty levied, and profi | amount of revenne as w quire’ a revielon of the tariT act of 1857 before a sufficient | of the ae ta redeem apportion of them doatthe same time, which nine milion six bundred ana eighty-foar thou j porated by the States, or other agencies whose poceniary | From Miseellageous rource? - time has elapeed to tert ite legitimate effects upon the busi. | 1k ought to be a sufieent reply to the preposi. extend for one year the previmon of the act of December sand five hundred and thirty seven doliars and minety. | interests would be directly involved, Congress might | From Treasury notes treued.. 1 bi #e of the country, as Well as the revenues of the govern- that some of theze elements entering into 1857, authorizing the te of such partion of thom as nine cents ($0,684,537 %) were applied to the payment | then assist them in the work by grants of law? or of ment MpFess.ODS a te ite operation must be care. home value are not legitimate subjects of taxa | the means of the government wit! not enable ux to re fully guarded against. The fact that this nct went into | Von, Other and » kerions objections will be cousi- | ticom. By thia course we ehull gratually discharge thi ‘on on the Ist of July, 186%, aud was followed @o | dered in another connection. The reason in favor of home | pari of the pablic debt withont placing upon the peapie am by the dignstrous Tevulsion ‘of shat year has in. | valuation which has been pressed with tho tost earnest- | oneiess adiitional burden in the uumeccssary tuecease of 7 993,088 86 } Guced many persour to velieve that the one was the mocas- | ures ie, that i otwct the reve thei cause of the other. ‘Tho adocates of a high protec- tive cari bare mn fi | themmrives m1 18 cir. of the pubhe debt, and the redemption of treasury notes with the interest thereon, leaving ia the tres 1, 1868, being the commencement of the © < miluen tire three hundred both, under such conditious ang restrictions at trapsportanon of troops and muuitions and that of the United States The egeregate meava, therefore, for the sor- view of the fiscal year endwg Jun HONS OF THK PUNATRRAMORY ANT THER CANK v that, under our ‘The operations of the dependent Wearury system have cumetance to press upon the publie taind their peculiar | fra ce’, by var tics apon @ | been condveted during the last fieal year with the asaat aystern of afloraing relief to a distressed people, by } large portion af the imports. In proof of this clarge a | succes. Amother year’s experience confirins the opinions increasing their taxes. Kvery interest in the country | comparicon has been ikstituted bewween the value of oar | | exprested on this subject m my former anmual report lars, wth the premium upon it, authorized by the act of | evercome, and the .oter vening mountai Be ing for quarter ending Juve 30 which suffered im the general calamity has been | experts and mnports for the last three ycart, showing | [ am well satisfied that tho wholesome restraint which the 14th June, 1858, were twenty-five milion two hondred | the way, wore obstacles wh ch, ie the © —Which were applied to the varie branches of the pub. | easnestly appealed to, aud po efforts have been | that the imports were lew, by @ iarge amount, than the | collection of the government dues in specio exerts over and Kony Whousand eight humiret and seventy-nine doi. | could aot be surmowuted. Now, after the Ne service as fo lows. — spared to induce each and all to believe thet their misfor. } «sports the operation of our present banking system, contributed lare and forty six couts, ($26,230,879 46. and the esti. | Swale year, these obstacle, it bas been discovered, are | Civil, foreign intercourse and tminocitaneous.$26,38 tun: ® beve been produced by the passage of the tariff of sie d'ference is ebarged to under caluation. The reme- | in no mall degrec to mitigate the disasters jn the late re ated receipts tor the remaining three quarters to the | far leet formidab! than they were enpoosed to be ;'and | Servite in charge of Interior IN partment... 6 1357. There is, however, one important pont in tho ar- | “y prepesed ix etber Lome valuation or epecife duties, | vuls.on. The opportunity which it afforded at an eariy ore thirty eught { dnas! stages, with passouger Bervice it Charge of War Separtnen’ goment where the logte of the protectionsts i# wholly at | It « © that the exports for th wt few years have ex panctal embarrasements of the (838 509,000) | ly twice in each week, by ac Service in cLarge of Navy Departine ° fauit. The revulsion was not confined to the United States, | ercded the importa, but the inference which has been redeeming a portion of the pub @ stated, an aggregate of | San Francieco and St Iauis and Memphis, Public debt and redemption of troavary or even to this continent. It ewept over ¢ d Uther causes » and fern the country aro with the d twenty.nine Uhousead | twenty-five days. The service bas beem ar regulariy pe notes fon felt with equal perhaps greater severity Me should be | epecte used in ite reder. ton, was attended with the hap- s€ of cvemts ince the commencement of 08 216 10.) ast # eeion has shown how soon dffleullies disappear he receyts into the treasary, during the firet quarter ea Urm and determined resoiatwo. At thet ime jor quarter etd ing September @ the present fircal year, commevcing the Ist July, (S68, | Such a road was deemed by w and patriotic men | Being for quarter ending December 3 neludwe one-half of the joan of twenty millious of dol | to be & visionary project. The great distance to be | Being for quarter ending March 31 Y , Were $51,585, seventy millon one wived and pivety-five dollars amd filty ox ceute, | formed as it was in former years betwoon New York and | Deducting the expenditures f ager countries than our own. These results have been too or exports are valued ot the port of | plest results, It is t to estimate the extent of the 6.) thie city. ‘gate means during the fiscal year 1858, @ universal to have been brought about by a reluction of When were exports reach a falling | relle! which was t) though Tbetieve that the res, during the first quarter of the pre: Wilet disetaiming aii authority to appropriate mney ie the Wensury oa the ont twenty per cont upon the rates of duty in the Uuited ct sbroad, the retara cargo will exbibit in | intelligent ju 6; boenees’ men concors in according nt fiscal year were twenty-one tiltion seven hundred | for the construction of this road, except that derived from sees e esses vee and eight thousand ove hundred and ninety eight dollars | the war making f of the constitution, there ure un. | Dering the first quarter of the eur and Ofty-one cents, ($23,706,198; 61), of which one mil. | portant collateral gonsiterations urging us to undertake | yeer, from duly 1 to Sept. 50, 1858, the @ reduction of on and ten thouraud One bindred and forty two dollars | the work a@ speedily af possible. Teoeipts inte the treasury wore as’ (ul Ww this inst and thirty seven cents ($ © applied w The first and mest momeutous of these is, that auch a lower relieve the embarrarsments of the countries with whom | ®bich eons 6,98 216 10 | States, being a reduction of about five per cout upon our | the diminivhen value of the ae the Jone ] to it the gost ficial efeets. The adoption of a rimiiar nt Bocal importotions. The argument of the protectioni¢ts i, that | fortaned by the pertons on whoee account the | system by the diferent States, as sugested in my last re- uties @titutates the foreign trade, and | «\ports have been shipped. This often conetitutes anim. | port, would afford additional protection to the conntry © its legitimate eifeet should have been to | port unt clement i accounting for that excess of exports | against the ruinous effects of over banking, and conse. wa been attributed to fraud. The payment by our | quent derangement of the currency, A remedy so simple the payment of the Poy wud the redemption of | road Would be @ powerful bond of union botweea the | From customer . = BIN AGE S20 oR we trade by op ning a larger market for thew productions, | «(ene of their debts in Bnrope, whieh for two years past | and just for an evil to great, must commend itself to the treasury gotes avd interest thereon. The estimated | States east and weet of the Rocky Mountaios. This | From pubite lands 421,071 34 They charge that the Moressed tumportation of for bor been largely done, the transactions of bankers an! } favorab¥ consideration of those to whom the eulject im expend tires, during the remaining three quarters to | # 90 self ev ae te require be illustration From misceiiane 959,087 36 od6 into the comulry if dsastrous to the business of the | Or here In exceange, and struggling, & epecies of fraul | euisneted wih June, 1859. are fiftytwo million three hundred Bot again, i commercial point ot view Leonvider | From oan of 1 10,090,000 00 home producer aud manufacturer, by depriving them of } common to every system, all affvet the comparative BERK TTR PURI MONKY MOVIE WS HRPOSTED. 4 Bfty.seven thousand six hundred and ninety-cight | thit the great question of the dey. With the eaeern | From treasury notes issued 405,209 00 the markets of theit Own country. Such isthe theory of | etc onte of experts abd imports. ‘The attutiow of Congress is again called to the pro Hare and forty-eight conte ($62,967,608 48), making | front of our reyublic stretching vlong the Atlantic, and its — 25,200,579 46 | the protectioniets. Let ua apply to it the facts whieh have { tt were inne that the difference in favor of exports | visionr of the act of March 3, 1867, om the subject of de ap cegrogate of seventy-foar milfion sixty Ove \uonsand | Western front along the Pacific, if all the parte should be | The estimated receipts during the three transpired uncer the operations of the tari? of 1867. imports was chergeable tothe ad nalorem system and | povite by the disbursing agents of the government. ait bundeed aud ninety six dollars and ninety-nine | woited by a vate, cary, aud rapid intercommuvication, wo | remaiving ters Of the eurreat local yoar Th: foreign producer and manufacturer have not beon | te present mode of valuation, then the fact should bo In my last report J stated In general terms that it was ents (S745, 500 9B), being an exces of expenditare, | Niort hecresarily command @ very large proportion of the | to dune 30, 1869, are— benefitted by the reduction. At all events, they have not } frnd to exist not ony during the last few years, but | impracticable to excowte the law according to its literal bey the cstimeted receipts into the treasury from or: | tude both of Kurope and Asia. Our recent treaties with | From custoww.... : 37 008,000 00 been preserved from the general calamity which has | during the whole period of exietence of the pre. | requirements, and the reasons were briefly vet forth. imary ~onrces ug the fecal year to the db June, Clina and Japan will open these rich and populews dm From public lun . come upon the producers aod manufacturers of similar } tent rystem. An examination of our exports ant | ‘The objects which the act songht to accom, meet the 1860, of itive muliiom gine hundred and thirtysiz thou | pres to oor commerce, ami the history of the world | From tniasellaucous searee articles ia our ows country imports for ® seriee of years, wil! show that such | entire approval of the department, and it been car. td « The importations for the fecal year ending June 30, | not the cave. The tari of 1846 was in opera. | ried ont to the utmost extent that wa practicable. A ‘lar and forty-three rents | proves that the nation which has gauwed powession of the “ xiraordioary means are placed vy | trade with Eastern Aria hae alw: become wealthy und ——-ttmene | 1858, the firetand ouly peur of the present tari, amount | tiow over ten years. ot that ‘jod the whole | fow illustrations will show the impossibility of executing omunaud of the Becretary of the Treasu- | powerfol The peculiar geographical position of Califor ated ordinary mene for current fecal to $942,613,150, being $78,276,001 leae thaw the iaporta. | emount of our exports was 12694, snd our in | the law ae it now stands. By ite provisions a purser io ene of treasury notes redeemed. and by ne. | hia ant ow Paciie porsessions imvites American capital ORE ee cece eee $70,120,195 66 | tons of the iat year of the tari of 1846. jorte during the same period to $2,606 250,025 | the navy would bo required to deposit the Minds placed in ance of the loan authorized by tie act end enterprive ito unis ful field. To reap the rich Tie expenaitures of first qaarter of the current fa. Three two facie aione furnish a strong refutation of the | The advocates of home valuation have fallen intotheorror | bis hands (or the payment of the officers and crew of « me, 1858, lo the extent of eleven mullions of Lar vest, however, it e an indispenrabie pre-requisite (hat ¢ cal year, endiog September 30, 1868, were— theory we are combatiog. by confining their comparison toa limited number of years | vesvel, in one of the public depositories, and he could only dollars Which. Mf realized during the prosens fiscal year, | We ebali first bave @ railreat, to convey and circulate ite | For civil, foreign intercourse, and miscelia TH TRON INTRERATA, ‘The genersl reeuit whicn Lhave sinted indicates that if | draw st owt by a dealt in favor of the person ty whom be ‘will leave a balanoe in the treasury, ou the first day of products throughout every portion of t Union. Re NOOWE BOTVICN. «6.66 er For the purpose, however, of amore thorough examina. | fronds have been practived upon the revenue it is not | desired to make . A vessel On & foreign Fla 4 1569, of seven million siaty-three theusand two dee, ® & railroad! iitough our tompe For ecrvice im ebarge of Interior Hopart tion of the qvestion, T propose to consider the operations of pow, A our present ad valorem aystem. Thia will ap ) tion i absent unfrequeutiy for two aad three ed aot mnety eight dollars and fifty. seven cente which wonld hot be impeded by the frosts a WOU vo ceeeecceeeereseeceeseesscesses ss 1404906 24] the iron interctt during the same period. Chae selected | pear from a comparison of the ex; and imports daring | years, and whiiet thus absent the purser would have (87,062,208 87) winter, nor by the tropieal heats of aummoer, For service in charge of War Department... 4,224,400 04 | iron for two reasons: first, it ie one Of the most important | the operation of the tariff act of 142. That act, the dis. | \o pay the officers and men by drafts on @ public depoot STIMATED RRCEIETS AND ERPENRE FoR 1860 » iteoit bh of the travel aad the t Yor service in charge of Naty Department. 4,096,615 48 | interests in the country, deserving the care and pro | tnguishing features of which were epecific duties and | ory im the United Plates. He would alzo have to pay all The eetimated reoripts during the next fiseal year end passing between Luroy 1 Asia. Yor public debt, inclading redemption of tectica of the goversment to oye? extent as an, ‘minimum valoations, waa in operation nearly four years. | other expenses which exceeded the sum of twenty doilars ing 90th June, 1800, are sixty-two millions of do TAR CASE OF TR PLAYER PORN AM Treasury potes . 1,010,142 87 | other, and secondly, becauwe tt suffered as much, Daring that time our ex amounted to v8 048 by similar drafv in favor of the person to whom the pay: 195. If the argument drawn | ment was to be mado, A diebarring agent in the fatian ; J¢ 6, appended, to thie report, it witl frauds have EePatian Gy sonar aren, tos diotaraing eqents of tq os 62,967,608 48 | Ty reference to table 6, . to this wi lage been | onboition by similar drat ie - us be coon that the importation of iron ‘and steel of ali kinds have to settle with the offices and men of 874,066,806 00 | atnounted in the year 1 dune 30, 1857, to $25,954,111. h the army, at their distant poata, in ol [70,120,105 66 } Tn the year ending June 90, 1868, it amounted to ¥ lector of the Eastporl, (301 of $0,626,072. This reduction not more, than any other interest from the recent revul sion . (962,000,000), which, with the above eatimated valance On the Zist of of seven milliom Sit) three thousand two hundred and United States brig Deiphir the sinver Keho, oinety cight dollars and Gfty seven cents (87,065,298 67), _ (ferierly the Putnam, of New Orleans.) near Kay Verde; make an aggregate for the service of the next fiscal year Ou the court of Cubs, with more than three hundred Afri of y-nine million sixty Uiree thousand two bandred can negroes op boord. The prize, onder the command o and ninety eight daliare and fifty-seven cents ($69,063. Lieutenant Bradford, of the United States Navy, arrived : i Total... 22+ poene Ordivary means, as above ‘208 57) estimated expenditures during the next fiscal at Cherieston op the 27th of August. when the negroees, being a reduction would have to the funds with year ending 20th June, 1860, are seventy-three muiion three vondred and six im number, were delivered into | Defleit of ordinary means to meet expen- accounted for in part be is to pay the és of the government at bir one hundred and thirty! Uwuaand one hund t and the vntody of the United States Marsla! for the ine. maitures, to Roaton or some place where there is a publi ‘The det cesee $5,996,701 45, poy forty seven dollars and forty-six cente (87 in the: Ordimary estimated meane to meet | the amount of which leare a deficit of estimated moans 7 44), tri of South Carolina, They were first piacet in Cast! 4 r 4 ¥ ‘4 expend tures during the r mainder of the | Whatever eause, therefore, jared Wik Puckney, and afterwards in Fort Sumter, for sais korp. , the estimate sumated expendtares of that year, commen: " and were detained there aptil the 19th of September, | current fiscal year ending June 0, 1859, are therefore | depression of the trom {i be 1 1860, of four million seventy five t fn the survivors, two hundred snd seventy one in | $3,006,701 43. very clone that it is aot ‘aa it now stands on the atatate book. 4b A coght hundres cou forty-eight dollars and eighty. number, were délivered on board the United States stam. | There are extraordinary means Within the command of of ioreigs iron under the . sud almost insurmountable ities in whew 1m Comte ($4,075,848 89) er Ningara, to be transported to the coast of Africa, under | the department, as follows — price of tron in this country been execating it, even in the immediate n-ighborhood om Te atttion (0 thie gun, the Postmaster ( tal « the charge of the ger of the Unite States, purenant to | Treasury notes which may wesved prev .our the Ist | creased importations by bh Me biome” Take, for iinstration, a case rom the treagury, for the service of the Met OF | the provisions of the act of the ad of March, 1819, | of January, 1259, under the tonth section of the act of | duties, then the price of the arficle in those the communications of con- | aa ‘br within the personal observation pe tment, three avillion eight hupdred aud d'tion to the acte prohybiting the slave trade.” Un’ |, December 28, 1807, ay... .. «s+ $1,000,000 @0 | countries from which we import ought to have 8. The invowe of the | of members of Congress. There aro paid monthiy in adveven hundred and twenty « ae | eecond section of thia act, tbe President @ “authorized t | Balance of loan authored by act of J Leen benefeiily affected. A comparison of | importer, made also made in viow of | Washington city more than @ thons.wl persona, TAR). av explained in the report of the Secretory | make enc’, regulations and arvangements a3 he may deem eer 0s Os eve . 19,000,000 66 | the prices in thie ‘and foreign countries, during the inst . ‘and wuder valuation. } law requires that each of theee persens should receiv avury, which will terease the estima! sh end for Ube Bate keopiny ve | Witch adved to the ordmary estimated ear, Wii SHOW that sock was pot the fact, am the Price . the various importers { draft fore the disbursing agent who settios with bir, toe Sh Jane, 1860, 1) } v ts af the Calted 8 * | mens. ooevees bbevere e W208 Se [it hen only i the United States, but in Burope alao, and not unfrequently of ths regent ‘t at the Treasurer's office, The time that « nthowennd § : += | The pe 2, on board, at Giaaeow, on December ie frou daily exumi. ¢ be occupied by the Treasuror in ideatifying the a ra ks which wo of wy tw 4 4 * tly © Saker the aggralP th vas S59. 31,00), yah, ; article Canis, wed the number of additional cle 3), 1907, 52e, 61. being