The value of the exports for the same period was $113,488,516, of which
$102,141,893 consisted of domestic productions and $11,346,623 of
foreign articles.
The receipts into the Treasury for the same year were $29,499,247.06, of
which there was derived from customs $26,712,667.87, from the sales of
public lands $2,694,452.48, and from incidental and miscellaneous
sources $92,126.71. The expenditures for the same period were
$28,031,114.20, and the balance in the Treasury on the 1st day of July
last was $9,126,439.08.
The amount of the public debt, including Treasury notes, on the 1st of
the present month was $24,256,494.60, of which the sum of $17,788,799.62
was outstanding on the 4th of March, 1845, leaving the amount incurred
since that time $6,467,694.98.
In order to prosecute the war with Mexico with vigor and energy, as the
best means of bringing it to a speedy and honorable termination, a
further loan will be necessary to meet the expenditures for the present
and the next fiscal year. If the war should be continued until the 30th
of June, 1848, being the end of the next fiscal year, it is estimated
that an additional loan of $23,000,000 will be required.
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