PubUsed weeklyby Allmjhd HaUzI Three Dollars a Year.
THURSDAY JANUARY 20, I BOS.
Vou f, No. 315
t
c
a1
tit
y
E T TTS R B which exhibits a comparative viw
from f be - of that Revenue, for each quarter during
ECRETARY of the TREASURYf 7 thelast lw years, shows that the amount.
accompanying ; ' of duties accrued daring the nine first
H I S , R EJ 'O R T, months of the present year, exceeds ele-
pared in obedience to the directions, . ven millions three hundred thousand dol-
f the act, supplementary to the act, en- lars ; and after deductiug three millions
five hundred thousand dollars, amount of
debentures lssuedndurmg the same peri'
od, on occount of the re-exportations of
foreign 'goods, leaves ior those three quar
ters, a balance ot more than seven mil
lions eight hundred thousand dollars, sub
ject to no. other deduction than the ex-
stock on these terms, $S theclmdend and forty thousand dolllars, during that The Manhattan companf offer ta re
usually received op. the bank, stock old, year. mitthe whole, at the rate of forty-threft
ltled " An act to establish the 1 rea-
ory Department.
.
Sir,
have the honour to enclose a Report
pared in obedience to the directions
Ithe act, supplementary to the act mti
" An act t&"establish the Treasury pense of collection r and from the know
partment
I have the-honour to be,
- Very respectfully,"
; Sir, your obedient servant,;."
ALBERT GALLATIN.
caaury Department,?
Dec. 16, -1802. S
e honourable the Speaker of the House
of Representatives.
ledge already obtained of the importa
tions during the present quarter, as well
as from the gradual diminution of re-ex-
' and the annual interest payable on th The payments on account of the prin- cents per guilder.
debt due to the bank, thus extinguished Xipalprthe Public Debt, from the first Alexander Baring offers to remit gulU
were'nearlyqual, the July half yearly "daxof April 1801, to the 30th day of ders 3,140,487 16 1-2 payable in Am
dividend on the stock, was in fact - the September 1802, (exclusively of and in sterda
premium paia ior me purpose oi enecuug auuiwuu vu mc pi& ucdi uiscnurgtu oui
the remittance ; '' and governmew has of the proceeds of bank shares amount to
thereby been enabled to obtain, without ' '. X Dolls. 5,339,886 44
raising the price of exchange, the whole vu. .
due in Holland, till the' month of Sep- On account of the Domes- ;
temher 1803. " tic Debt, V 1,334,942 8!
Exclush tty of, and in addition to the On account of the ForeigrK
debtof 1,28700 flollarsthus paid tothe Debt, 3302,543 6
bank, out of the proceeds itf the tales of And in repayment of tern- N.
bank shares ; a sum of eight millions porary loans, 702,4bQ,
three hundred and thirtv--n.u uiousand, .X-
r ....
seven hundred and fifty -sej. n uoilars "and ,
Ut of February, . 685,000 do
1st of March, : " 425,000 do '
1st of June, , 1,425,487 16 1-2 do.
and at the rate of 41 cents per guilder'
provided however that the United Stele
shall sell to him the two thousand two
hundred and twenty shares of the bank of
the United Slates, owned by the United
; States, at forty-five per cent, advance, of
portations, no doubts remains, thatlhe eighty-nine cents, has be r paid out of And if to that sum hall be
nett revenue accruing-during the whole the treasury during: theyear ending on .added the increase of
yar, will exceed the estimate. the 30th day of September last, on ac-
From present appearances, the whole counlof the principal and interest of the
of the permanent revenues of the United Public Debt, and the payments in part of
!lv th rut a rf flw 1 'iiM
v . .v. i v wuiiuicu ttUU clETtilT
-7 I- 9111 C.
- States may therefore be reasonably com; the principal oi the debt, made during the
' puted at ten millions of dollars, -ot same penoq, nave oeen as louoweia ;
RE P OR'T. which sum, seven millions three hundred 1st. 1 he payments
En obedience to the directions of the act thousand dollars are appropriated for the
mplementary to'the act, entitled,' " An payment of the principal and interest of
to .'Stabhsb the Treasury Depart- the Public Debt, and two millions seven
nt," the Secretary of the Treasury res bundrcdthousaud dolUrs "are applicable
ttfully submits the following Report, to th? current exputs. s of Clovevnrnent. '
rhe permanent revenues of the United According to the estimate for the year
1803, those expenses will, exclusively ot
;
tes,exclusively ot lees, tines, and pe
des, which in a general view of the
ject, may be omitted, consist of, du-
m on Merchandise and Tonnage ; pro
ds of the sales of public Lands,
les on postage.
The duties on postage, which, were,
he annual report of last year, estima-
at 50,000 dollars, have, during the
r ending on the 30th of September
yielded 50,500 dollars.. The de-
ase of ship letters, the extension of
establishment through the unproduc-
road. and the acceleration ot the
a sum of 180,000 dollars, wanted to co
ver the Navy deficiencies oi' the years
1801 and 1802, but including sundry per-
and . manent appropriations which nude no
part of the annual estimates; amount to
2,660,900 dollars, to wit.
For the Civil DepartmerJt, and
all Domebtic Expenses of a
.1 . civil, nature, . s ; 680,000
For expenses attending the in
tercourse with foreign Na
tions including prize cau
ses and Barbary powers,
gressof themail, may, however, cause For the Military and .Indian
e defalcation m the receipts ot the departments, .
- .t VT 1 i-t 1' l A.
uing year. ' from tne avai estaousnmem
on account of the
principal andMn-
terest of the Do- ,
V'mestic Debt, have
been, Dolls. . .4,626105 39
From which deduc
1 ting 1 year's in- ,
tereston the same, 3,47059 75
Leaves a sum appli-
ed to the' reim
. bursement of the
, principal of the , ' '-a
six per cent, and
deferred stocks,
Sd. Paid to foreign
ofiiccrs',and for
the registered
debt,
specie in the Treasury, '
during the same period
which as the amount on
the 1st of April 1801,
did not exceed 1,794,044
dollars and 85 cents, a-
mounts to ' , -
The difference in favour
of the U. States,
2,745,630 72
1,157,845 64
'hree hundred and twenty-six thou-
id and fifty-two dollars and eight cents
e been reserved during the same year,
I account of public lands; of' which
17,162 dollan and co cents were
In the treasury, In evidences of the
.lie debt, and 179,575 dollars, and 52
Lts in specie, lhe local situation ot
i land offices not having yet rendered
ii i .i t . r
tmcticaoic 10 a raw me Daiance n-uia
I receivers of public monies.
"hrec hundred and fory thousand a-
h of land have been sold for bix hun-
Id and eighty thousand dollars, during
year endmsr on te 3 1st day of Octo-
i last ; of which quantity near ninety
Icn thousand acres were sold on ac-
nt of pre-emptions claimed by pnr-
isrs under John Clevcs Symmes, and
hundred and forty-three thousand a
s, are the result of Current Sales.
: annexed statement A designates
quantities respectively sold in the se
ll districts, and the annual payments
civabls on account of the balance of
3 hundred and sixty thousand dollars
on these and on the preceding sales.
rom those several results, it appears
calculated on a ,supposjtion
that sit frigates shall be kept
in comtaat employment,
250,000
' 830,000
.. .' r .
900,000
Dollars, 2,660,000
Neither the payments due on account
of the conventiou with Great-Britain, and
which will for three years amount annu
ally to eight hundred and eighty-eight
thousand dollars, nor the installments and
interests due on account of the 200,000
dollar's loan obtained from the state of
Maryland, for the city of Washington,
are included in that calculation ; as they
may be-defrayed out of the following re
sources which make no part of the Per
manent Revenue, viz.
1st. The surplus of specie in the trea
sury which, as the whole amount there
will not at the close of the present year,
fill much short of five millions of dollars,
far exceed the surd which it is prudent to
keep.
2d!y. The uncollected arrears of the
Direct tax, estimated at four hundred
- thousand dollars!
And 3dly. The outitanding uncollect
3d. Pi incipal of do
mestic loansi(ex.
. "clusively 'of the .
"" 1,2 87 ,600 dollars"."
paid out of the
proceeds of bank
shares)
4th. Evidences, of
public debt paid
for lands, 1
5lb. The payments
on account of the
principal and in
tcreit of the fo
reign debt have
been 3,310,874 33
From which sum
deducting a year's .
interest and char
ges, equal to 462,731
And on account of
thedifferent rales
at which bills
have been pur
chased, and of
' sundry bills re
turned Cor non-
9,603 18
which last TiT-niintii
s tibnis recommended by the Secretary n
the Treasury, as the most eligible ; as eX
clusiveiyof the advantageous rate of Ex
change, thert-by secured, the transaction
will not haven unfavourable effect on
the rate of Exchange generally? and by
soconsiderably diminishing the demand
will enable the UnitekStates to obtuift
what is still wanted at a reasonable rate t
. And because in his opmion,Nvhe price ob
8.085,517 16 tainerl for tVi hunk cItivo.
f--ii , i - , . - vo, j j iiiuic mail
ior mese eigiueen months will oe could be obtainedwere they thrown in"
found equal to eight millions, eighty-fire the market for sale, and more tharTWif
luuuaaim uvc iiuuurcu ana scvemeen aoi- intrinsic value.'
lars and sixteen cents. Whereupon It was resolved, bv the
V annualLaPPPaton of 7,300, Board, That the Secretary of. the Trea
000 dollars for the principal and interest sury be authorised to sell the shares of
W'cDeb United States
nine hundred thousand dollars-will be belonging to the Unite! StuUs ,t ahdthat
wanted to pay the interest which - falls the proceeds thereof be arp.'led to the
due in the year 1803. and the residue a- payment of the ctpitarcr principal of thy
...vuuw6 w uiHiiuiij iuu iiuimrcn pan ot tne C'ma oi the UniUu S
thousand rinllara mcv hp fnnc)i..rl Qc u:i. u. .1 1 . 1 ' . i .
. vw..ulu.,w oj. y, i.n. 11 Lit'.r.'." vv." 10 p ry.x O
the sum applicable, during i that year to.. United States, LXHiyrtnvnor
cxunguisnmeui oi me principal oi ofthe year 17'. 0. .udvl
thepublic d. t. -- . . unpaid, in coHitity , ;
From all which it result that so long 0f the ucUrit: d ' An
us uvc unueuowiessnau not oe alilicttU , sinn forth - r, ?t r.
by any unforeseen calamity, ana whilst of the Ur.Hci'.
tne puoitc expenciiturts. slrall be kept day of Mi.y 17Vb.'
X
;.r. reivaii;.i
tt;e prow r'
,ct in?.-;'!'.":- :
, : ri ! - l 1
icdd the 2.1;'
within their present limits, there docs not
appear any necessity for increasing the
213,400 public Revenues.
C All which is most respectfully submit
ted by
- IT,l3 50 ALBERT GALLATIN,
Secretary of the Treasury.
Treasury Department,)
Dec. 16, 1802. J -
At a meeting of tho Commissioners of
the sinking fund, .on the 7thof June
1802. .- .
- PxtSEsf.
The Secretary of the State,
The secretary of the Treasury,
(Signed)
JAMT.S !vAJ!;'Sr
:t '2"V (;
IT
: 'J' v
ALnr.nrr
V , i
i 1
i-V
, lie
Attest.
of Comiuifeioners of the
CONOR ESS
BOUSE OF REPRESENTATIVES
h . t!. )
inkiiig i
payment, 8c now
in suit, a further
sum of
82,23 1 93
545,015 93
Leaves applicable
'to paymeutof the
principal,
able, that the annual receipts under ed Internal Duties, amounting to pear se
head, will not, on an averstre, fall ven hundred thousand dollars. '
rtofthe sum of four hundred thousand The only embarrassment experienced
.irs, at wiucn nicy nave been eti- aurinr the course ot ut rear, arose I rom r-
ed. . .. the difficulty of procuring the rcnuttan-
Uhou h it had been anticipated that ces necessary to meet the large int.il- Amounting altogether to
receipts in the Treasury, on account ments of the debt due in Holland. The four millions one hun-
1'Uics on msrehandue and tonnage, iniposstbility of obtaining bills on that ured and litty-two
J noUior the present rear, le affee- '.owntry.t the amoont wanted by eorcrni "thousand," eight nun-
"y the rctoration of peace in Europe, ment, and the loss, which on account of dred and sixty-nine
the rate oi exchange, must be incurred dollars and sixty .six
by rcmiUtng. circuitously through Eng- cents.
land, induced the secretary of the ireasu- And if to that sum shall
Fridaj, Dec. 24.
A communication was received frortl .
The Attorney General of the U. States. " the secretary of slate containing an ab
THE Secretary 6f the Treasury repor- stract of the collectors returns pursuant
ted to the Board, that provision has al- to the act for the relief and protection of
eady been made to meet. nearly all the Amtrican'seamen,also extracts from tha
demands which will become due in Hoi- communications received from tlie agenti
hud, during the course of the present in foreign countries for the relief of Ame
yetr, but, that it is necessary to make merican seamen,
immediate provision for the payments on Mr. Thatcher presented a petition
account of principal and interest which from sundry inhabitants of Maine, pmy
fall due there, during the first five months ing for a division of the district of Wfcl-
of the year 1803, and amounting to four doborough.
millions, four hundred and thirty-nine Referred to committee of cemmered '
thousand tight hundred and thirty guil- and manufactures. . W
dcrs, and payable at the following perl
ods, vii. '
2,765,853 34 1st of January, '872,700 guilders.
' 1st of February, 986,350 do.
4,152,869 66 1st of Mutch, 601,000 do.
Istof Jur.c, 1,979,780 do.
the sum actually paid, ha exceeded
most sanguine expectation.
:le millions two hundred and fighty
itanllurs have been received du-
ry to recommend, in a report to the com
the cttreofihe yearen linr on the missioncrsof the Sinking Fund marked
i day ol September last ; a sum tar- C a recourse to bank stock as the most
by two millions of dollars, than the a favourable mode of remitting,
int received for the same duties du- Of the fife thousand shares in the stock
:the preceding, or any athcr year ; of the bank of the .United States, origi-,
which exceeds by twelve hundred nally subscribed by the United States,
fcollcctcl, in any one year,' on account 1795. by virtue of the act, entitled " An
ilh the Im;ysl and the Internal du act making provhion for the payment of
repealed by un net of last session. certain debts or the United btaics " and
hiseicess, which had not been cal- the ournose of discharging a part
ted upon, iscomidercd, alone, as am- of the dcbl due to the bank. The re
suflicient to cover any noisible defal- rnainine 2,220 shares were now, under
be added the
dollars paid on account
of the principal of the
debt due to the bank,
out of the proceeds of
the sale of the bank
shares the
total amount of dtbt
extinguished during
that year, will be found
to exceed five millions
four hync'.rcd and forty
1,287,000
Mr. Greene called up the resolution!
offered by him yesterday, instructing the
committee of commerce and manufac
lures, to enquire into the expediency of
providing bj: law, for fixing the port of
entry for the Mississippi Territory at
Jht from the treat dimiuution of trade' Fort Adams, and the port of delivers at
between this country tnd Holland, he Las . the Natchez. k . - .
ascertained during his late excursion to ' On the, suggestion of Mr Criswold
Ncw.York snd 1 hiladelphia,that itisim- the resolution was so Modified, as to con
practicable toobtain bills on Holl-nd to fineit to an enquiry ir.to the cxpcdicncjr
that amount i That the rate of Exchange of mik'm;thc Na'xhct a port of delivery
is .already forty-one cents per guilder, In which shape it passed,
and that any attempt on the part cf the Mr. Van Rtr.ssclacr moved the aj?
Covcmmcnt to proturc the lare amount, pointmctit of a committee to bring in
now wanted, would indubitably raise ct-n- bill for erecting a monument to the nk
sidcrably, the rate f t.xchnngc : That if rnoi y filGct'trul Herkimer, pursuant to t
it shall be attempted to rtmit by the way t t:rh:t iin tf Congress passed the 4th of
oiL.ngund ihe ! will I eir connuc Cttcibcr 1797.
5,440,469 64 rab!c,ihc present rate cf Lxth.-.r.ge with
, -. , that country, being row rtovt t.ar tt.i
raising, and wouul incul-itally be tt.l.ii-
(irdcrcd to lie on the table
Mr. Thomas called the attention of the
liomc to a part of the Unfinished busi
n.s ci the Ust seiticn A bill to ext
ctd, hotij(ticvernttnni cme into tnar
ket for lare puitUn srd tl r iUc t f tinguinh the claims of the United Slate!
Exchange brtween FnLnd and Holland for balances reported against certain
being by the Ut adies ten guilders states, kc. was pojitponed during
cightstivcrs per iKiuulstiil.ng, nor like- the last session, to the 4th Monday in
thousand dollars.
The balance of specie In the treasury
m, which miht, durin? the next and the same authority, soldat4$ percent, which on the fi.t day f October 1801, ly to become more faurcUc, hie h sun. t November. He moved the reference tf
ting year, reduce that branch cf the adtance t the 1,287.600 dollars which amounted to 3,J48,7I8 dollars And fi posing the whole amount in bills on Eng. so much of the report of lh committee
nue. btlow last year's euimnte of thev nroduced were, in conformity lo the cents, had increased un the 1st October land to be procurable (which is not belie- ofRevisrl and Unfitti&hcd business at
millions fife hundred thousand dol- provisions of the said act applied towards 1802, to the sum of 4,539,675 dollars rd tobc the fact) at 168, would inclu nl'Jed to this subject, o a select Ctm
Such defalcation is not,, however, discharrlne an cnual amount of that patt and 57 cents, making a difference in fa- ding the torniiMi.n of c ne rtr ctr.t. in miitce
thrnded, for although there are not of the debt, which had become due to the vor of the lreMiry,of 1,593,936 'dol- l.nr.Lnd, amount to f..rty.ihric nd a Ares 26 Lost.
tufftcient data, precisely to aicertain 'bank before r during the year 1896, and lars and 84 cents j which at sum ad Jc J hU cents per guiV'cri That tin bank of Mr. Morris observed thai if in Order
nirct oi peace on me amount or du- the purchaser or the stock, tola at the tntcabovcmcntmricapaymcnioi 4,13;, unite a ntaus naming iccn aj plied to (e wMiWmovethe rciereneeciso mnen
those which are in the poMcsiion tame time to the treasury, an equal sum 869 dollars and 6 cents, made out of the hns refused to titu!rrukc iintjiarscl fur cf the report of Ketitil and-Unfinished
Ude'pirtmrnt, . tend to corroborate in bills on Holland at 41 cents Jcr gvil- treasury on account of the principal of makknt; be fHceary rtmittitKe t And tiness at related to the petition dCC
?ev,imption, that that tuna at least, dcr t the securing of which large amount the public debt, makes on actual differ- that the two only ccnsi.'ertble r,Uts LT.nf.int, to the secretary of stst
millions and an halO will hcreaf- at that rate, was the inducement on the ence in favour of the Ui.ited States,' tf made to the Secretary, ar uvw iv.ln.il- 1 1 e Sjy-tkcr aid, tr.it wosdd he Irrt-
eanauiily received. The lUttacal partof gortnacnt to dispose cf the bank more than e millions, seven hurJre4 tcdtolhc Iloatd, visa, " twlw,s it uud Itvoive tht rtfetenei
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