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the value was not given. Further protection was recommended to the grower and manufacturer of hemp and flax, and additional measures to discourage the importation of foreign spirits, and the distillation of spirits from foreign articles.

On the subject of wool, the principal object of the convention, the following duties were recommended: on raw wool, costing in a foreign country over 8 cents, a duty of 20 cents per pound, with an annual increase of 2 cents per pound, until it amounts to 50 cents per pound. The minimum valuation of all woollen goods, to be fixed at 50 cents per square yard, and a duty of 40 per cent. ad valorem recommended, with a progressive annual increase of 5 per cent. until it amounted to 50 per cent. duty.

All goods costing over 50 cents, and not over $2 50 per square yard, to be valued at $2 50, and similar duties to be levied. All goods costing more than $2 50, and not over $4 00 per square yard, to be valued at $400, and similar duties to be levied. All goods costing over $4, and not more than $6 per square yard, to be valued at $6, and similar du. ties ad valorem to be imposed.

On all woollen goods of a higher price, similar ad valorem duties to to be laid. From these duties, blankets, stuffs, bombazeens, ho

siery, mits, caps, and bindings, were to be excepted; but adequate protection to the domestic manufacture of blankets was recommended, and also measures to prevent the frauds of the foreign manufacturer and his agents on the


A memorial to congress, was drawn up in conformity with these recommendations, which, being unanimously adopted, the convention adjourned.

These proceedings, although hailed with great satisfaction by the friends of domestic manufactures, did not pass without severe remark and criticism. In the southern states, the whole system was condemned, as hostile to their local interests, and as contrary to the spirit of the constitution. Meetings were held in some of the southern states, and resolutions were adopted, reprobating the policy and wisdom of a protecting tariff. In South Carolina, especially, the opposition feeling was very strongly developed. The chamber of commerce in Charleston, and the agricultural societies in some of the planting districts, originated memorials in opposition to the woollen duty; and no means were neglected to excite a strong public feeling throughout the country, to oppose any augmentation of the duty. While these open and decided steps were taken in opposition to it at the south, a more

covert and insidious hostility was evinced at the north, on the part of those who coincided with them in opinion.

At several of the primary assemblies, and in the state conventions, efforts were made to connect several branches of domestic manufac. tures with that of wool, with the view of embarrassing the friends of the woollen manufacture, by the

introduction of other subjects, whose claim to the attention of congress rested upon other grounds. These, however, were in a mea. sure unsuccessful, and the time of the meeting of the twentieth congress approached, under a general impression, that some effectual measures would be adopted for the relief of this important branch of national industry.


Treasury Report-Revolutionary pensions-Bill authorizing exchange of Stocks-Grant to Sufferers at Alexandria-Salary of Postmaster General-Appropriations for the support of government-Army appropriations-Georgia militia claim-Indian appropriations-Appropriations for internal improvement-Fortifications-Naval appropriations-Bill for the gradual improvement of the Navy-Public Buildings-Correspondence between Mr. Benton and Mexican minister.

IN PURSUANCE of the act of congress of May 10th, 1800, the secretary of the treasury, (Mr. Rush,) on the 12th December, 1826, transmitted to congress his annual report, on the state of the public finances.

By this document it appeared, that on the 1st January, 1826, the Customs,

Public lands,

balance in the treasury, amounted to $5,201,650, being a difference of $82,411 less than the estimate in the last annual report.

The actual receipts into the treasury during the first three quarters of the year 1826, were estimated at 19,585,932, arising from the following sources, viz:—

Dividends from the United States bank,

Arrears of internal duties, and direct taxes, and incidental

$18,031,427 1,053,961


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Expenditures during the first three quarters of the year,

were estimated at


Viz.-Civil, diplomatic, and miscellaneous services,
Military service, including pensions, arrearages, Indian


department, &c.


Naval service and building, &c.

Public debt,

Expenditures during the last quarter, were estimated at

Military service, &c.


Viz.-Civil, diplomatic, and miscellaneous services,

Naval service, &c.

Public debt,

Interest on do.,

Making the total expenditure of the year



840,000 1,293,000





And leaving an estimated balance in the treasury, on the 1st of January, 1827, of


Of this balance, however, about one million consisted of unavailable funds, deposited in insolvent banks; $3,425,000 were balances of unapplied appropriations; and $2,000,000 of money, reserved under the act of March 3d, 1817, to be carried to the account of the sink. ing fund.

The receipts for the year 1827, were estimated at

Public lands,




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The exports of the year, ending September 30th, 1826,

The imports,


Of the imports, about $80,000,000 were carried in American vessels, and about $70,000,000 of the exports. Of these ex. ports, about $53,000,000 were of domestic production, and the


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