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Stances il is extremely difficult to estimate the amount Of du


which could be derived from this source, but they ought
not to fall below S50000 per annum The receipts from
duty imports collected by Mexico have varied from six to
twelve millions of dollars per annum and think ought
be less with the ports and interior and the roads
possession and rendered for exports and imports


There many reasons why it ought to be greater.


The present duties framed to yield the largest
whereas the Mexican tariff was in the highest degree
protective and prohbory the duties when the goods
admitted, being generally adverse 10 There
were also sixty articles the importation of which prohibit
ed altogether, among which sugar. rice, coton boots
and haboos Coffee nails ofa kinds leather Of kinds,
-FOUR cotton yarn aud thread soap OF all kinds earth
en- ware, lard, molasses, timber OF all kinds saddles 81 all
kinds cotton goods textures, chiefly such made IN
the United States pork, fresh saed smoked cured
wooen cotton blankets counepanes shoes and slippers
wheat and grain Of all kinds. The admission OF the prohibit
ed goods at reasonable rates. the change of the protective into
revenue duties and the abolition OF the heavy transit charges
must OF increase imports and revenue and greatly
large trade with Mexico bringing back specie in return
for goods imported there No nation, proportion to lis
wealth, afford to import than Mexico, because her
great staple export being specie, sought by all nations in
exchange for their goods imported hee Under brave
officers the money will not be lost, it TO great extent
by pecuation under the Mexican Government and the lower
dutes VIII to great extent prevent smuggling The duties,
aso being collected the goods imported from Mexican
port into another will be addition to the amount exaced
by tho Mexican Government


On the whole, cannot believe that under the circum-
staGces and condition of things above suggested the


favorable to augment these contributions, that the duties


imports, with all the ports, the roads, and interior mill


ary possession would be less than under the Govern
ment Of under the guaranty already given,
that any treaty of peace WILL announced provided


that the goods imported should neither be concated sub
jected to any duty by Mexico.


The internal collected by the Mexican Govern
ment well Departments, about Sl3, 100000 per
annum


do not believe however that any very large portion of


this could be collected under military system and


have no sufficient data upon which to base any reliable esi
mate as to these of revenue.


Under these circumstances, it is impossible any
precise that which probably would be derived from militia
ry contrbuonsin Mexico The complete, however the
possession Of the country by troops the larger would be
the revenue Thus much have thought incumbent
to say aud without being able to fix any precise sum- it
my conviction that the that may be derived from


these in Mexico would be very considerable
and augmening from time to time In view, however, of the
uncertainty the amount OF these contributions at present.
and the delay in carrying them into effect if the
proposed for gmenng the by duties upon and
coffee, the reduction of the price of the pubic ans and the
extension of the presumption privilege, should not be adopted
'by Congress- Iecommend that authority be granted nego
tate loan for the of SIS, 800 000 upon the
thorized by the Of 2sh of January last Should the
be continued unh the lst July, ls49 additional loan,
amounting to S2D 500 900, would be necessary, if add
tcna revenues b granted by Congress and contributions
levied in Mexico AS is believed, however, that
considerable must be derived from these contributions,
further loan beyond the amount of SIS 500 600 asked at
this period and is believed that this all that will be
required in all probability, until the meeting of Congress, in
December ls4s. 1t possible however, that further loan
for exceeding 6,O0O 900 may be required before
that time Should this be the case there will be ample time
to communicate the information Congress, and ask fur
ther provision for that amount.


duty OF twenty-five per cent ad vaocm on tea and coffee
again respectfully recommended BY reference to tables
RR and RR 2 appears that the aggregate value OF


imports tea and coffee progressing, and that the mpost ug
gested probably yield annual of S3 e00 0a0
reducing the oan aiding the credit and finances Of the Gov
ennen and, with other securing prompt pay
rent TO gallant army and navy who vindcang the
rights, sustaining the honor and eevang the character of
country The experience Of the last year proves that
additional revenue, exceeding lew thousand dollars
could be obtained from augmentation OF duties upon the
dutabe imports. No such augmentation is recommended
and scarcely any could be derived from the few
naming articles the free list exclusive Of tea and coffee


1t sound rule when contracting public debt to pro-
vde at the time, such will be adequate for the
prompt payment of the interest and the gradual but certain
exnguishment of the principal of the debt So long this
rule is pursued there danger ofany alarming accumua


ton OF public debt apprehension that the public credit
will be impaired embarrassed To refuse the tax this


time. would be accumulate large debt with augmentng
amount OF interest," and with certain provided for the
liquidation of such engagements The credit of nations is
best maintained when, for all their obligations adequate pro-
vision made the time and there danger that increasing
debts without any additional revenue might expose our
finances to great hazard


Diminishing expenses being of the best of i'm
proving the finances the charges Of collecting the from
customs have been carefully examined and every reench
ment made compatible with the public interest. The saving
thus effected Notwithstanding the vast increase of business
will amount it is believed, to nearly $780, 600 per
not by reducing wages reasonable compensation, but by
dispensing with every officer agent absolutely required
for the public sevce by curang the expenses of he.rev
marine by introducing rigid and perfect system
of accountability by classifying the expenditures and arang
ng them tables under distinct heads and, above ALL by
subecng them to hc checks under the supervision of
the accounting officers of the Treasury, apply appop
atoms made by law in regard which, Congress will no
doubt, be guided by that wise and enlightened economy
important this time the maintenance Of the public credit


The recommendations in my first as well my second
annual report of the reduction of the price Of the public lands
favor of settlers and culvaors together with the removal
Of restrictions upon the preempon laws again
respectfully presented the consideration of Congress Sales
the reduced price, it is thought should be confined set


ers and cuivator in limited quantities. sufficient for farms
and plantations and the preempon privilege extended
unsurveyed to which the Indian title may be extngushed
The lands remaining subject to entry private sale, the
irst Of this month"; 1872 0l 00l acres and the
geyed lands to which the Indian title has been exngushed
04S, PA acres per table ~ The adoption of these
Measures for the stated my previous reports would
augment the million and halt OF dollars per
iuni, operating they would on 223 1925 II
would the time increase the wages of labor, by
,ng much larger number Of the working classes purchase
arms the low price, whilst it would the same time aug
the wealth and power Of the whole country When the
public lands have been offered long time for price they will
lot bring the failure to reduce the price is equivalent in its


fleets enactment by Congress that these lands shall not
20 sold and settled for unlimited period The is still
lands of Con-