the issues of 1840, including interest, about $2,850,000. There is
chargeable in the same period for arrearages for taking the Sixth Census
$294,000, and the estimated expenditures for the current service are
about $8,100,000, making the aggregate demand upon the Treasury prior
to the 1st of September next about $11,340,000.

The ways and means in the Treasury and estimated to accrue within the
above-named period consist of about $694,000 of funds available on the
28th ultimo, an unissued balance of Treasury notes authorized by the act
of 1841 amounting to $1,955,000, and estimated receipts from all sources
of $3,800,000, making an aggregate of about $6,450,000, and leaving a
probable deficit on the 1st of September next of $4,845,000.

In order to supply the wants of the Government, an intelligent
constituency, in view of their best interests, will without hesitation
submit to all necessary burthens. But it is nevertheless important so to
impose them as to avoid defeating the just expectations of the country
growing out of preexisting laws. The act of the 2d of March, 1833,
commonly called the "compromise act," should not be altered except under
urgent necessities, which are not believed at this time to exist. One
year only remains to complete the series of reductions provided for by
that law, at which time provisions made by the same law, and which then
will be brought actively in aid of the manufacturing interests of the
Union, will not fail to produce the most beneficial results. Under a
system of discriminating duties imposed for purposes of revenue, in
unison with the provisions of existing laws, it is to be hoped that our
policy will in the future be fixed and permanent, so as to avoid those
constant fluctuations which defeat the very objects they have in view.
We shall thus best maintain a position which, while it will enable us
the more readily to meet the advances of other countries calculated to