Newspapers / The Durham Recorder (Durham, … / Jan. 6, 1842, edition 1 / Page 1
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. ' """"" ' '' "' 1 r" ''' 111 "ntini iti i iiiiliiiiinii i.iii.,i.wB.,illii,,,l1,,,,,i,.M,inii,i(i,-lM milimiii.ii.iri.itri.nmii i. .1 liih. . uninm iipi rm. i.m.i nr.nmi iiinn,-,-. - f V IMMIlMWMIBBMiMMMMMMMBMBMWWMMBWBLBMMMWMMMBMMWBBMi .. 1 W MIH 1 ' -Ma.aaaaBaBaaaaaBaaaSVaWaEaaSI BaaaaSaWaWirT""'TT V UNION, THE CONSTITUTION AND THE LAWS THE GUARDIANS OF OUR LIBERTY. Vol. MI. THURSDAY, JAXlfARY G, 1812. TUElSUttY REPORT. frier from Ihe Secretary f lt Trti trmatmilti: rtpmrl upm lit limit mJlXt Jiaencas. Trsry Deertmeet, tt, 1S4I. fit: I obedience the dt'eetioae of act of Congress of ih 10th of Msy, 119. entitled - A act ojijeiooury to .i ict entitled A art to establish lie Tntsury IeparlmeuW'M the Secretary of ihs Treasury especially subsaita tin fol- 1. flAe Vic Revenue ani Eiftn- vumrz, i Tut balaaee in il Treasury a the ,if January, 1311, (exrluaive mt ll.e ..mum depo.ited the States, trust Ui; end wuemainee, and we amount 4,e from banks which fsiled in 1837.) its, as sated i the report of the Secre tary of lb Treasury submitted to Coa itef i aa die 3 1 day of June ! 1 tU87.343 03 fM reetip'S lata IbeTrrssury din if a three a, -arters tf ta fat 7 amwudi t 13,1(7,071 SI r.i coiM.i, fl0.817.5S7 44 rf4-la.da. l,ltl.MSM I r' taiellneM ! I Ml r:, ,sidt bank aft;. at.trs, 60I9 47 rrtm nki which failed ,. 1737. SI 117 30 f treavnry swr trial 311 f Marra. Hid 1324 703 80 f r. a treaary "oirs per thai year, compared wi per tatiooe f former vesrs, la tl.e estimated reeeipie, bieh will e inta tla Trratary fma lit aalc of the pitbltc lands in 1842 baa ba cirlanVd. sa lha art of Uongrea of ih 4iU of Srpiei&bcr last diima iu d a iribaiirtn among tba actetal Sutea aod TvftiMMief. Yub rrfarj la recripta fiom Uia !aa already kuthonzrtl by la, ii ia ta ba ra mailed that, oaring to lha aboil period bieb t la tlanao befora H beaase re deemable, tof eiLer oiih the nae tiled ute of lite oney aaaiktt, ii would nut ba aafa to expect that any considerable portion will be obtained, fur the arnica of the year 1842. before the expiration of the liase limited for flVfcij iu Tba law autborizwf, the iftue of Trea ory notee alao expiriac ly in 1842. not mora lhan tSO.OOO. it ia euppoaed, can be made available from that acuuree. i b the tterae iovinpaR a valuation lo be made at the portal the aadrri(ned to be vneataral and in rar. t entry, re aa ae law aaadifyiof tlia coateaient, and aneh aa ia not likely to eipia. the amount i act of 1833, it aaay well be questioned ! promote ihe beet interests of the country. whether ana ad valoreni duties can be collected: alter lha 30lh ol Jane. The language of the Iw seems expUeik It ia lliat. Iiaoi and after the day taat afore said. (Jane 30ih, 1842.) M the duties required to be paid by law on goods, wsres, andmerehaadtae. shall be atsessed epa the value thereof al the poit where the same shall ba entered, under aveh The probable effect of tba future oper atioo ol the act of 1833 epos the man tiUciurea and mechanical trades of th? eouniry. particularly if no borne vsluatioa be established, and no equitslent for such home valuatian found, gives rise to in quiry too important to ba overlooked. Ii ia fully acknowledged that all duties should be laid with primary reference to revenue; and it it admitted, withoat besi- reeulaliona aa ahull he oreseribed b law And it ia further declared, that so much '.tattoo w reserte. thst no more money ol any other art aa ia inconsistent with ahould be raised, onder any pretence that act shall be and is repealed. i whatever, man auea an amouni as nr The ass essmeul of duties, after the day cesssry fur an economical administration limited, on ihe basis of the foreign cost .of the Government. Out within these os value, ie irnitent with the an; and limits, and at incidental to the raising of the law authorizing it must iherrfore, aa each revenue as may ba absolutely necea. it would seeoa.be considered aa rrpe.Ied. (8sry, it is believed that diseriminatiaa The actf 1833. as must ba obvious to! may be made, and duties imposed ia all, contemplates no other than ad vslurem .each msnaer sa thst, while no pail of the U estimating the expenditurta of the duties afwr Jure, 1842; lor although, in Jeuuntry will Buffer loss or ineonesoienee. year 1842, ilia assumed thai no other ap a given ea. a apecifie duly may wore moat beneficial degree ol protection wm propti.lions ill be made than thoe now 1 a.wunt to 20 per renu en the eosi of the ' be extended Ut the labor ani inuuauy oi .iihiHiii-il in ili iiibmu b from lha ae verkl 1 article, vel luat I.rt cannot be asceilsmcu t laree enssses oi uia s cniue, wnu. Departments; and that the balance ol ih.e without referring to priceor valu things j whole country will be rendered more proe aonronriaiinna uneiDended at the end wl ronsisntly fluciuating and much un-'perous in peace, and I infinitely stronger the year 1842, u ill be equal to that al the c!ee of the preaeat esr. It is pioper further to remark tliat eatimatea f expendimiea can only be nn!e fur auch aa may be requited unJei existing las. and arise ia the ordinary operations of the fjovernmenu The pow er of appropriatiun, as ell as the power of rai.ing revenue, being at all limes in ,;.-. rl.--t in lli fb.rLel nriee articles milicrrv the duty beyond the jeriminsuon list obtained from the period limit at one period, though within it at Jol the foundation of the Government la I a . - -'aa . . a a ... .a :r ahAniii certaioty. and perbapa conluaion, wou'djanu oeiter prepaieu n iurnSn w rice oil come wnn aa. ana pnncipi wi another. I many cases it may ot munu io ua mun- Indeed. lhee can be little room for pentablc to the interests of ihe revenue duubt that it was in tha contemplation of Jitsell; and if, in fixing a system of duties, f :..n,a. kt the naasine of lha art. that it eoosists with the best interests and Irue noi!u ies oo imports should exist in thelpol'6 of the eouniry aolo apportion them the hands f Co..frrM. this Uepariment enuntry after June, 1842. but d valorem laroong tha sanous spec tea ol imports as it must oe aumiucu trismus wss mwiwii " wivi. . v cannot found et mate upon is on sento duties. grower of IaJisaa. who incurs heavy ex peases ia eonteytrg his fluar to aa Aw Untie port, experts no hither price for it when it arrives there than is paid fur four of the tame quality to produreia ia the immediste neighborhood. Inn " trans Donation, ihesrlore, does not ope- rate aa much upraise me pnea aa ana place of e!e aa to diminish ii at ihe place of nroduetion. Now. the f rest lew which regulates prices, by demand and supply, ia ateralv observed in rases of foreign importation, as ia this instance of deaes - - . I .J T.l.a.a lie USCS. I He unucnijnru uniwi in" io add, that vsady the greater proportion of the if riculiural ixipulation of the Uni ted Statee ia oblired to rely mainly npoo the borne market for a tale ol its prouneia f wheat for instance) ia auch aa oftn en tera exienaively ia the consnmptioa of ihe woild. The qasntity of floor and Indian eorn exported from thiacoontry is alioe ether incopsidcreabls, in camps rison with the qusniiiy eontumed in the late cities and manufacturing towns. whirh have ci'ber entirely grown op or added largely to their ppuUtion under the tliDUenee Ol laws Ol rjtr,, ymw ed since tha end of the Issi oar, upon do mesne labor and industry. 1 he im mense interchange of products, ail being the result of labor, winch now lakes place between the producers of subsistence and the Donulslion above mtutioneu, snows the sdvsntsge wtiicn one riass ia io uia other, and tha essential importance io both f preserving their existing lelationa. II the consumption ol n-ur aim graio in the manufacturing dietiicis.eapecisiiy me North and F.sst. decline, to that extent there it an absolute loss to the wheal and V lapMytbe iressory, aoiv...,!- or exceasiaely. but yet reaa! . . jaatly for all great purposes , daience. economy, iasi ravi.. virwe. which ia te esseaUally Irovev be pesedsed by republican Uovtyaeu,t would ba bat ball rxeiciee n, wtu:e a the one haad it avoida all nnm-kessar) expeaiditure, it doee not en the other. mske a reasonsble and judicious prasia- iu- ioo for auch expenditures asstt uaixoid bit, Alt which ia respectfully sobmuud. W. FORWARD. Statin lat 7urf. TTna. J. VTnrrr. 4 Sfttkrr IIm Ktfrt$nUlitK . . 1 . .a . . a .1..11 .a K.Mhioii 1 1.. . n. . a. . a. 1 a.s K m si. a mm i...ia iiitiee 1 ra ai ina rrvrnue iur 1 ururuim 1 m s.5i.9W 90 4 tl , lin'e W,e .hajsystem of im,.r.. intoll.s United tft .trs, snd no inju.tee done Io any. tl would W' Fr. .!. per set .11.1 IMi... . r.t..r.,Jtrr m.v he suniiued since it has hrretufore beeo reeatded aa teem proper and wise to reject arbiusry edby ihem will nod a maiket no wnere WMS-l!: M- H b."Ht;a!e ImiuU lb. idea of a foV.d and t. else. To say "J Ta rcipts for lbs 4.h qiarter, 1-e.11 winme min m; ,,;,.. for tha rre- natural unUuramy. ion, ol ihe incalculable imporunea t a " Xxr SSS aV.V.n th. tou. esuaisu-r.. An exlen..n of the term wnnm sesmena 'n","f """" "'"" " ', 7. 1 ,1 ...nVo... il.,i lh.,a a'r. sctral de- our sgriculture from their ports.ana tout cipis w . which the reeidue.noi yet tken. ol me vaiuauon. ,, ,wp...,.- . .. ' . ;rlmPotted manulaeturea and deny to oa the advantage or a fair recipro- , , . - I . ... ... - ......1 .....it , ,t..-..( ,,t ii.t-tr. and anil moia imoossible lo an- isenptione 01 imported anoiesiui j , .k..ui nuf l'eotile to secure 10 tiiem, as ir Tha .ipenditares fr lbs Ihrsa first qianera of Uia present year bavs mounted ta 14,73 1,3 97 .' ViX lit'd lint, for"if a inter- c rtiit, and nitsceltane OISJC3 8J M.litarv servies, IO.S3l.t0l 44 NV4l service. 4.Si.8ii 91 Treasury nufa rrdeeniet, ncla Imc int'at. Sei7.9ll U r. Via debt. SJIWUM T e eijtrtilit"rea foe Ins fusnb qisrie,r are eaii-naistl.na Jala iVoi.hed by tba reaj.cctiva .rlmnU. at ' departments, at Civil, miscallaoenne, and iterc.r&i mj MiStuy -a-rsiee, .tJ 775 NalaaiVieei. -l.9GM0f0 inurratoa-foan. .. -70.000 rnncipal and inlereet Ircaaurt nols, 50J.I83 9 Making ,S90,7t3 73 A d leaving a deficit ! ba pravi d. J foi on the 1st Jan. I8U, It being essentisl thst this deficit ans inj from tha lad-re in etTrCting more than iinrtion ol tne loan .nui-- - heretofore authorized by law, amounting to $3 000.000. 3. Tut balance Hill required, of 2. 9IB.570 R9. trteeihrr with an addiiionl sum of 12.000 000, (a surplus dremed ne;esary in ihe Tie.aury to meet emer gences ol the publie servire.j t.i oe biij plied from im posts upon eueh foreign arti cles imported as may ba eclccirdj .wi'h due regard to a rigid restriction in amount . the actual wan-s ol the Government, and a proper economy in its administra tion. . III. RtaJjuttmtnt of the fanff. The last reduction of duiii s on imports nrn.idrd fop bv the act of the 2d March, 1833. will take eflVct immediately after the 30th nf June next. From that day no duty will exial on any imported article exceeding toenty per cent ad talorem and certain !ier legal provisions ol lha Si nii.070 70 ame art. of great importance, am to come mm opera'iuo si no r One of them is the enactment '"' e s i t . ..t tessi..,,. should be p.o.id, ment; a.y.tem .Inch, ho.tver , eJ for by meana that might be at nee r convenient tu the infancy af. !.. ZlJJ U ; mmended that an inii rof,ce. when the mercantile a,. ihat the home valuation was moiled t for the Purnoe of eusnling the revenue aennat fraud, and uroteciinf Ameri can mainifaciuret against undervaluations. There ciuld be no other possible ofject In this provision. It is a partul the act. therefore, connected with another part and inserted for the purpose of qualifying essentially the operation of that other part Rut it is highly proper to look at ilia circumstances which Jed lo the postage ol ihe act of 1833, and to regard the motives n which it appears' to have had iisnijin. ll was the ryauhofa spiritof compromise sod conciliation, si a time when consider alle agHktion cxiated and much diiccsrty of or Mtion prevailed. If events shall ap pear to make ii necesjsry to reconsider or realiil ihe provisions ol that Its; alt proceedings towsrds that" end', should be' eorrducle J umier tne louuence.oi ine ra" spirit' The undersigned it moaidreply imOrcKsea vittb lte force of these von fictions, while"offeriug auersione t i?fnsr.., nn iho. oupiccU lie is-con homa' value, and thus field a grcster ra venuebi the Government w bile, In regard to some of them, it will be found that.' without such incressed duty, the labor ol large cl.stes, engaged iri producing simi? Isr articles, will prgresuy acprrsseu, 11 not entirely? eupplfhted., -. f j . if is unrMesltonabiy true, ana wen wonhv of remark, that Hie art of. 1833 was avowedly coajervsii-a in hs MVjerU enaihafscteii aoJr wKile itVasdcsigned Ur tcmove what was eateem'ciT a" griev ance oy-ona pnr iin,wimi " - nnt iWnded- IhabUje iniereita of any otbr r ah..'iil 1 Ja Vart ificed, b v it On the eontier, a .lelaouable aecuntywas in' tended for ail.;lle. true sgirit therefore, wdt.be.but esrnbd out by acting, under auV- ne Iwi "of cireuinttnces, with lireieuteto Uie'asme great object-, and doing jutticr aii. w .. ." 8": naintfiuionf tSst set wat moderation and concilisti(hi.ffid this shoold never 6e lost m,t ha resaonablr and properly 'one, a market of consumption for ibrtr induce ll.ai ntr n pnimtrv. - . "' " Tbe undersigned is of opi .inn ihitthe CQoditioq of, llu Treasury and 01 we coun tr 1manJ4n suementstion of the rs venue. Ii cannot but be the true . policy of Goteromcnt to extinguish the amount of debfnow existing ss soon ss practice blc,3fad 10 avoidiucreaaing . The ere ,ii..n nld.hi.'bv I wns and other resons r..7ra,nntii t s'nnulv tHficjencies f re: (utir rncome, Canpotbut.be regarded. In . unw Mirr. as iniuuwi.iuv nu ti.tnable. The generst trci'il of the Go f rmnent. si was eood, has bee . greal y raised. bo;V at homa and abrusd. by tl.e fact that it has fully paid off ! die charg'd the debt created by the Revolu tion and by a sulwequml wat with Eng land, and wars wiih the 1 tdin tribe. The piefervation nl tliia high credit is of ihe . : . .ii .1...:.. 1.. 1 1 V ; after that p-nHi. requires ... ..., -. .. M naid in ready monev; thus puiung an nuj w.h . -( r at stfmoicreuiis which oavprC..i... - , - - , The first rstabliahment of thia Govern-iqtiiied some niodihfttion oljht acJ o Nij. in puppi'ii in im, vi"iu'" V w - ... .. . 1. .f - it... .i .,...,. n.na, nA i utmost imnoilince. U moat oe ins ne ' it.. i vn,.nl m, eeasarv nliance nf the Government, it, in to a from ..all.Mn it iat rffCOllltllf IIUCU v aiivviai - - - a 1.... ;....a nf Trraaurv notes bt ao th inzed, to meet the emergency. II. Of ihe Eetimitet iht Public Rev '. ..j EratnJUurtihr lae f I8. r ... I9.WO.000 00 (-inj from dnliea aecrninf 10 IMI and payable in 18H 3.400 000 Frnni d 1 is sorrmnf ami psy VshilSIt, 15,600.000) Tftavary atea, Muccllaneoua aou.ee a, 5n,noo 00 cn however necessary our com- ital of the country waa inronswlerabfej and a atrong deaiie waa lell lo loner anu eowunj. foreien trade hy all prtcjjeable means, may al the preseui nay wen yieiu ... important oji-ctt Ui be secured by cash payment. Another, deemed at ihetame tint an east ntisl provision of the act, is thai which declares that, after June. 1842. all duties imnoit-d articlea shall te asae.ecu Tram which deduct lha eaiimat. ed .lefi.-i.nry on lbs Ut ui nusry, l?H, would first mention the great, if nom surmountable dilncuhies ofestabliabing a home valuation at our vsrmus Boris. Willi out incurring' the risk of producing; tueh diters itv In the estimates of rajura.s should -nol only lead o. great praticll inconvenience, but inteifcre also, inetlcci nh tho cons'tittifimial tirdflswn 'that dunes oil iinnorU sha'l be eiual in ajl tht States: ll such 'should be Ihe opi ni.fn of Coneress. lliert it If ctewithrt aome equivalent id t"la pritidettfof jthe home valustioti. or else thsLwliult ba'sta upon which Ihe 4ci.wsi e.xpecrd t.vtt, as a meisurearcOimromieLand,n!iustmenll is taken awav of. diaplactda .Tbrtt I V l,W' .V ::::rV V; , cease.: in ihafe.en.4o.t the mutuality a'r'wv v 1 m , 1 1 trtra 1541,000 oo Unnn lha value o. sucn arnciru . Ji .1.. .,a al.atl he entered, under I9.MO.000 00 ,ue, Vegulationt as shall, be prescribed bv law. Hitherto, liirougnoui ne w.n..u ' ... . .1.. ....1 A L-a.ing thiaamonnlapidir.hleto Ih. ,rvi. s of the v-ar I8li. 18 57J.4 40 Th .tiisn.lili.rrs fr IH yrar HIJ, inrludinj f7 0 MI.000 for the rr.il.inp'ion ii i'r..7 ate, are satinialed at 10 c ..,.,.....-. -T - .. . .... lm J,,-, 1,6m. sumeda. the ba... for the ca cu.n y a. - A";";iedu, -. 1 . ni in itiia run nr. iu"i -.a.h. -w-f 3 . . . au valorem '". - . . - 1. 1 .i.i.i 4iAi..jntr,if aaa uia vsiinriai imuca. 11 ivhi.h- made. 1 s .... . a ,lue certain addiliona Have been suppos-d 10 ba eqnivatc.it to ihe charges 32 791 010 73 ol impoilti..n. Hut undervaluation. -' ' i,.-,-! fra.i.l.. ieal of sui.posed, n in- a- ,M..;.led .,r this J ices. bod the i.j..rt advantage. wl.khj.hul. amount 1 ,-5'"'579 63, 'Hsnhe ,,an0 Ul T .1.. .I.n maiiiiraciurrrs. who nau oreoiu.v- The receipt, from the ens om. -r thm lrnnort.ri iultt ,,e year 1812 depending for tl.e.r ";i17JJ.lpIWB t.p..n the action ol Cnsre.s at it. preaen , 'ouy ' " . - Ctmj..f sea in ti. .iM-'.i. - - . . , l. .. .r ..f tlm In loH la a imnie 1 mil prciicuc - - ' ... 1 - 1 .: I f...n ll.Ol jennn wliirn may lie nriitr. SMip-etrit'i much precision. Tae now ...!..... -i 1... m ri iho nrsaenl rae; .1 1 .1..:. r....l t.itcti.in li 2(1 Sttes .... ..t rm kfier the 3!hli ol .r.le ..f d..tia ihna!ecin to le. valiiatnn lr leturiiy ... . ft 't.iirnrlfniv nCr SS WHI ! II'C AHI" chant as t. tl.e revenue, and tp tber nn- 1 j r 1.. ..1 . in tha U 11 lieu ai.crr, 1.1 ...in... . - ies. ' -'ii I lia lflffI . iT..rt of ihe act of 1 833 w ould in ah., '.i.li I lift liraCUf, no - " "' ' - s e . f . .-.1. a . .1 jiin .iinn. vi ioPPPsiiiE "i - l er,..r,h. year I3li. e..,.natea oitn icer,; - 3 - -" . vf, eiee to the antfipatcd 1 nporuuous "r , . - ' .( ' , Is.. .- f nan Ihtf wisdom ol fJongres. .to whriher e.ich vfliiUalent en'.be found.. But, in the eec-aid. place, rt uongress, nuld be ol- opiiyorl 'ejrhn;iW bansi sahiavion Is pTacitcable.oor lfiai,ome quivnlcnt and prapfr4Hititute,may uo uuud for jt,4he tTrfdeCsigoeaVH not1" guise h'l opinion ihutnt eaiHJOT, baeegu' ed aa wise, by ny 44tiof M tbi 1 coun try, as a-perinmeni system l policy r" augment in-arBpuii. fuf.he'rtkiiieiU'iespay sequireiueh ang meiiYstioBiifiarsrne duties on iillhrncles, including those of absiaute'nccessity, la the Itia xicmhl twen'iy.'p'r ten.., and nr...r.in rtiat limit, al tire same lime, as . fitp,l lirriot aia.inst'hffl'her dulic. on ' . . a . af m. -.f vt0A article wltste!ter,.esen umae i iv. Such a plan 1 revenue, if 10 be . 1.. 1 - ..iii.j avBipin. snneais iv IUVU mm m -4-" - nCary be changed, il the auereu eiicumstanrrs o(llie eiiMiitry eH for s'uchchaiige, with- 00 1-an f tlepjrtore, jrom.tne -principle n- aei. ... . CJothihg , it more eltabliahed by our expedience, and the eTLjisiieiice of oilier najmne, than inavuie augmeuiauon aaucs does not augment, m an equal de gree, the cost of the article la the consu mer. .10 msny esse, it .appears u tucreaie that coat at alt. , Very orten the price to iho conauinef is kepi down, not withstanding an increase 01 uuues, parity bv thn ereaier suonlv of the home pro ilnrlinn anil ni nlv bv the jeduciiun of the price in the foreign market, it ia be lieved. indeed, that mere navaoeeu in which the joinl operation of the two causes ha. occasioned price, to fall lower than they were before the Iuciesss ol nu tter was laid. . This result in the operation or trade and business migrTl read-ly be traced to its causes; Bui a full exposition of those cau-.es, and. the modes ol their operation, would too much .well this report. Sul Gee it lo say that, when an additional du- Iji.I a an artirlfl III a ClUllirT III hich iliat article is extenei'vo byionaum ullt in pari, and ihe hurileii alwaVS f s.imclunes, as ex perience ha. shown, su"- gej.Il Or U pO llietpreigii pruiiiH. . . . reignpTOiliIcer musi teii, ani n. in place ol sale, he nniis an arrn-io pru..uv on the spot wh.ich c.mie. into avantaga oua cmitietiiion, with, his Own by reason of paving n duties, he sun must sen, aim. . . . .... . . 1 1 ... .! ., Im r..r the sake Ol oeiiiif soie i uu u, must be content to bear the burden of ihe aelf. Thn riaiv borne by the foreign VrodutsVin.vhcli cues is like the charge for transportation it ii i something ...1.;.. 1. im ....nil, ! hrtntf him into the msrket of competiun. Aiulogiu. imtan cea occur iq tjjmestjc trade. The wheat the aicissituJes nf human aff.irs, sudden war should come upon us, requiring large am! immediate expenditures. Exsetptmc iiwlii in ih navmenlof interest, while the debt shall continnue, and its psy ment so soon as the time of payment ar rives, aawsll a. the known ability and ho nor of the Government, are the means ol inanirin that central confidence which shall at all times enable it use iu creadit to ihe grestesl advsntage. The estimated expenditures of the Go vernmenl for the coining year will exceed iia nrnbable incuae bv S14.218.570 68. si.n.il.l rnnfttreaa auilionza a reissue of Treasury notes lo the amount of 95,000, 000. and the balance of the loan be die noaed of. there will reinsin a Cehc.l pi, $2,718,570, for which provision must be made by law. Iltii it is nut aupposeu that Congress will deem it advisable lo restrict the income of the Government lo the precise amount f n expenditure.. There ought to be a surplus ol al lesst two millions, tn mesl unSoreeen emer gencies in the public service; and should even the pmcerds of the sales of the pub he lands be withdrawn from the States, a reference to the receipts from thst anurce l. a S a - - . aaualB ORA ill the iai anu present year, wllt that a deficiency in ihe revenue, to meet ih. wants of the Government, must atill remain. Th .tale nf the nat-onal attairs. the disposition of the Government, in which, . ' - . arv a SI -! . .la it ia he ieved. Hie 1'euuie luiiy paruciu to put ihe euuntry intn a respi ctabie ataus nf Jefence. and eaprciallv to support, and strengthen the military marine, all appear id suggest the propriety of such increase nf duiins on arncbs csrefully selected as. white the amount shall not bear hard oft individuals, by limiting Ihejr customary -ninlm.nu. nor onnress nor derange Lie fj- ne'ral buines ol ihe country, abillj et f RESIDENT TTUirt rROfOStD BO A It D of EXtnCQt Ett,H As rspartsd to Coat rese by tba Secretary of tbs Treasury. A BI1X aaacaiatary af the aeveral acts establlablas the Treasury Departaaeat. See. I. De it enacted by the Senalt end Uoute of Reprcttntatittt of the C'ni led Statct of mlmerican in Concrete ei tcmbled. That there ehall be, and hereby is, created and established in the Treasu ry Department al the seat of the Govern ment of the United States, a Hoard, to bt csllrd the Exchequer of the United Slates, to be composed of ihe Secretary of lha freaeury for the time being, and threw Commissioners, to be appointed by tbe President, with the advice snd consent of the Senate; one of the said Cum mission eia first appointed lo be appointed for two years, one for four years, snd one ler ais years, and vacanciea subsequently occur ring to be to filled as that one vacancy ahaU regularly occur at the end of everjr period of two years; the said Commis sioners nol to bt removed from office, except for physical inability, incompeten cy, or neglect or violation nf dutv; aod in. case of any such removal, it shall be the dutv of the President to lay the reason thereof before ihe Smais. And on the first organization ol the Board, one of the three Commissioners shall, by the member, thereof, be elecUd Fresidcnt, - who shall holJ hit office for two yeare, when a new election shall be made; . and In like- manner a ntw election shall . lab flw, .(mwiU el. vac B successive period of two years.' And the" Secretary ol the Treasury anau nive authority to appoint all auch Inferior offi- -cert at in the judgment of the Board the transaction ol lie business may requite, -the amount of their respective eompen t r sationt to be fixed by the Board -who may take bond, for the faithful discharge ;-. ol tbe.r iiuty. lor aucn turns aaa ia sucn . . ; manner aa the Secretary ol the. I ressur .. shall direeU And each of the tstd Com' . Sltsionert ibatl receiit n annnal uliry ; dollars. . . . . , . : '-. See. 2. .fnrf be it further enaclei. That the eaid Board of Exchequer shall have power lo establish ageneitt or offi -ret in luch of the cities or to wot ofjhe Sisies snd Territories of the UiiiiedSutee ' as it rosy judge expedient, nol exceeding two in any State or Territory, and alao wherever Congress may by-law rrquiro - the tame tt bt eatabliabed; and auch of ficers and agents at may by the Board of Exchequer bt thought necetsary lor tha management of tueh agencies, and tha trsnasetion of their business, shall be ap pointed by tbe Secrttary of tha Treasury, on the recommendation of the Board of Exchequer; and the said Board shall have power to fix tbe amount ol tha respec tive compensations of such officers, and to provide regulations for the government uf tuch agencies, the transaction of their business, and the rendering accountt of all their proceedings. And in such regu lations they shsll so assign and-brarge the duties of the officers of the sail agen cies, as thai one of those officers shsll be v a check and control upon the other, and (or thst purpose they shall require that the accountt and proceedings of each ehall be entered io proper booka. And any of the officera of the said agencies may bo temoved by the Secretary of tbe Treasu ry for physical inability or incompetency or nrelecl or violation of duly, but it hall be hie duty to state every removal of any principal officer of any agency, with hi. reasons therelor, in his general annual report of tht transactions of the I' -rili A nee $ aj jtvasv, a a Sec. 3. And be it further enacted. Thst the said Exchequer and its olficers shall be the general agente of the Gov ernment of the United States for receiv ing, sale-keeping, and disbursing the publie moneys, and transferring and . transmitting the tame under Ihe direction of the Secretary ol the Treasury; snd all publie moneys received, from whatever ..' sources, snail, uuuejr me ssme uireciionv, -be paid into the said Exchequer or ita agencies; and the principal olTicera em ployed in such agencies shall give bonds o the United States for such amount and in auch form as the Secretary of the Trea-; ' ury ahall prescribe for the faithful per--'. inrmanco in iiinir uuum, , aim um ow f Biard of Exchequer and its ssversl sgcu- . cies ehall 'pay all warrants, drafts. Or orders made thereon by the Treasurer ol the United Slates, and by all disbursing? officera snd agents of the ' Government haiug authority to make sucb drafta or J - i v.
The Durham Recorder (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 6, 1842, edition 1
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