Harper's New Monthly Magazine, Vol IV. No. XX. January, 1852.Various
History
Harper's New Monthly Magazine, Vol IV. No. XX. January, 1852.
Various
American literature -- Periodicals; Civilization -- Periodicals; Culture -- Periodicals
States, as well as by several European nations.--The disturbances in
Mexico are deplored:--steps have been taken to prevent American citizens
from aiding the rebellion in the northern departments. A convention has
been entered into between Mexico and the United States, intended to
impart a feeling of security to those citizens of the United States who
have undertaken to construct a railroad across the Isthmus of
Tehuantepec;--it has not yet, however, been ratified by the Congress and
Executive of that country. The only object which our government has had
in view, has been the construction of a passage from ocean to ocean, the
shortest and best for travelers and merchandise, and equally open to all
the world. It has sought neither territorial acquisition, nor any
advantages peculiar to itself. It will therefore continue to exert all
proper efforts to secure the co-operation of Mexico.--The republic of
Nicaragua has been so much disturbed by internal convulsions, that
nothing can be done as yet toward disposing of the questions pending
between the two countries.--Inter-oceanic communication from the mouth
of the St. John to the Pacific has been so far accomplished that
passengers and merchandise have been transported over it. A considerable
part of the railroad across the isthmus has been completed. Peace has
been concluded between the contending parties in the island of St.
Domingo. The office of Commissioner to China is not yet filled:--a
higher salary is asked for it.
The aggregate receipts of the last fiscal year amounted to
$52,312,979:--the total expenditures $48,005,878. The total imports of
the year were $215,725,995, of which $4,967,901 was in specie. The total
exports were $217,517,130, of which $29,231,880 was in specie. Since the
1st of December 1850, the payments on account of the principal of the
public debt have amounted to $7,501,456, which includes $3,242,400 paid
to Mexico and $2,591,253 awarded to American citizens under the Mexican
treaty. The public debt on the 20th of November, exclusive of stock
authorized to be issued to Texas, was $62,560,395. The receipts for the
next fiscal year are estimated at $51,800,000. The total expenditures
for the next year are estimated at $42,892,299, of which $33,343,198
will be needed for the ordinary expenses of the government, and
$9,549,101 for payments of the public debt and expenses consequent on
our territorial acquisitions. The value of our exports is $43,648,322
more than it was the year before last, but this is owing mainly to the
increased price of cotton. The value of our exports of bread stuffs and
provisions has fallen from $68,701,921 in 1847, to $26,051,373 in 1850,
and to $21,948,653 in 1851, with a strong probability of a still farther
reduction in the current year. In the exports of rice and tobacco there
has also been a large decrease. These facts are cited as showing the
fallacy of expecting increased exports from a reduced tariff. The
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account