Newspapers / The North-Carolina Star (Raleigh, … / Dec. 22, 1826, edition 1 / Page 1
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RALEIGU, (N. C.) FRIDAY, DECEMBER 2t, 1SJ0. No S3 Vol.XVU tr ' f THE STAR, , .Vtrth-CardUa Stale Gazette, irrRMS. "S""11" three dollar per en 1 nacr wilt be arnt wkhowl at lew i. hi advance, and i paper dicecw . " ! the optical f the F-ditora, inlca all ""Vl Mid. MX ex- "' Mm litter merited three tints for one VT,L tretv-ne " fnr each n"t- i'iTllu letter, to the editor must be - lew! TREASURY REPORT. " f . Hmaitnf 10 Cmveress (he Annl Report . ,.;f h r tear. M lit r iwawa, iih? owreiart T.'Zl TWaaarv U nanny In fcrlof able la renr. - lxn war Ibe present year hUi tatwraein. r tradition. Whilst ether eoonl riei, and mow :.l lusk ilia Untied State mainta1 extensive rfetlmCV hare MM pt blanche of Mr in. I intuit f sUnl!(her pretr(ed, iwterropted I extent productive of hhrh tftfnm of auf- i (WinCt 'he v4""" oiaie wave ripenraeeq 'Kl.i themselves no weh lnnooi occurr-en- and hi been freed Irons all other thaa , ali-ht, recoil (aT tlie pecuniary evil which lure bee tern In pre o heavily U ether re, m. When adverting tc lite complicated eon. aexioaa that bind together the pecuniary inter, ens ef Ctmmereinl State. bevlng Urrw ex lis u" "(her, the reaction from a bread ha been lees felt thaa might have bora rxveted, end ha brought with It no reiull f ilwtire to the eoounnnkr. or iaautprcion to (he rrrilar nmralioM of tlie Gorernment. v The lriliohlir,tioh,ve "heea pnnetnally fuU witlxwit nr inereaaeofthe mhi banlena, and ihe Natimntt (lerenoo, which irir no aid from the eiiCenee f direet Ultet r Intarnal ilntie nf ny kind, bat rettt apnn the Cuuomt lmrMJuM'lv,liin been uuntually abumlanl, In the " re!to4 fir the y tar dreeing to time, and prorniw lo he fully alvqate to meet I1' rery Maet het nt'the puMie expen'titate, in cl'!ii) the ') atntully defined to h eJctin. jtiihroent of the debt, fir the year that it in tnmn, Thi nllntiil troiM!i4ty, the remit iMIte mer.l iliry H?-H by rnd law, fnd jut eonnnny intha pnhlie atlminittratinn Iw wlii!i, hr c'Ir;iiijr the home di-niwnti fir th prtidootiniit id' the anil, have allied it up. nl.inr deAeieuuie in the f irelen lein. a, and liieli, by anperaddfiti; U rton Ihe reuM nf imil'iietitrin to th-we of agriauHiiriii labor, hnvii tended to flen nrw avnu to external jUali th'. lue i iUt anitntry in it finaiMiat reanaree and eimacro for the year) wilt be teen in the reeapiiulaiintw b llo, 1'hey wiH anntist, firl, f the anioniit tT n'toney paid into (In Treauirv in l J6, and hi the er nreeedinr. 'aid the cxitemlHure for thH two year. Next, nf the tte of ihe f uWi Ih-'bt, ami the portion Infit lliat hate been pawl oi wmeii win m aen m exceed the eum. rwruly appropriated by law tor that porioe, williia the year. And luailr. rf the Katittinte ol the I'ubRe. (ierenue and Kipendiiure kit the year lif. . ' K. Of the Pubhe lleveivie mid Ezpm ilfiire of the feare anil 1826. - '. h The unit revenue wbioll aecrucii I'rwn diitii-a on mert ami toini.pe. am lay lue year liii ' mronunted to ftaV,3i8. iT. . t. . , . The aetu'al rueipu into ihe Trentury, from ill vmrert, dlrli4 Vte year li2J, ainminled Ui Sfi4,M1 Oi. .t: U'rttoili laiUHI.M'i t'uhlielnlil,ttltMi.i u mviiientumn aincli In the lUn. nl'ibtt Unite I Sulci wneertuf in- t-tni! ditieand ilireat laio. hioiim,'ti r- Wipl. li;i HeMyliil of julvauc, inuile in the War DtSi'artmet.t I'tr" uit:ce "or Mi'iw prie to the lirat of 4u j ! .-a-i- Lo-n ii)' live nitllioo. ond.-r ihe nut id' Cn-. grew 'of - th 'h f V'. I'H- i,Wl.(KIl OtV, Mvikiiiir. with the baluaoe in , the ' t reuury oa tim tirst of January, IWi, of l,')C;SH7 13, u g. ei-rRte f fliS - ' Thenetuai eKiVenditttitrf the Uftltei! State, on alt acenuiit, m iug thu year I VJS, amounted to 4),SHS.HM 72, viz: Civil, :iloniue, and Miiaeelianeou. C.fW.i U et( 1 ililary Set vice, i iclmlmn lortificalion oidnni'ce, IhIihii ih pwl raent, Uevohiiiuuary and Military P i-iiuoii, urini hte the militia, nud arrearage prior tu the fittl ofJanuniv. It?. .m").l9 Nival Service, incliiiliiie'the erlat ?ft;rt?ae of the NaW. fH9.3 St lub!ia DcWt, ij,tl9i,S4i 784 Ukv.l hie a balance in the rreaury. uu the urtiot Jan ai-r.l8.of Rtsot.cso 4J!; ; -:iv;'' .... -i fT" . . . ',m. a . Obi ,,, . . l ne BTUcrwc. vutquiiuiur w ar)n-.,c be tween thi balance and that elated ta the laat As nual Renort from the Treaaurv. "which wi $i tn US1 7; t owing to the balance last year having been nvvn a an ettimat only. Aoiul tcttlcmeni bu lixed it at the Mim how dated 2 The t:tiial receipu Into lit Treawiry during ttie three firet quarter of the year 1 8ifi, are rnated l'i have amounted to gtU8J,93i St), Viz: (AKvm.H Wl.t'H lb Pualie Land. 1.05.9fil V); Uivilendi on Stock in the Bank of the United Stale, 41) 1,50000, Arreanof ibtenwt dutie and direct tHie b4 incidental reeeinta. SO 4u3 73i Inpayment ol kdvanee made in the War lie Vvtineni Tor aerviee or u.i;lie prior to the 1st of Ju'y, gt9, l7,Sal j, And the aelual re- tvipt int( the'i'reawry du-ing the foarth'qur t-r of thevvear, arc enmated at 6,300,000 UU. Alaking he total ettimated- receipu into the Treaury during the year I8ifi, SS.85,V3i SOt And Witti lha llanee in tlra Trrastuy ott the 3lt of I) ceiober, ttii.U S,2UI,C50 43, aa ate rreeateull.orf.SH .93' : The efiiendituretnf the three first qnarter of! t ie vear l , o. are ratimatotl to nave amounted t ,714,ti6 GO, via: Civil, Diplomatie, and Miiccllaui Mi. 8.IW0J3I 55t Militarv service. iucludiug I .nificiitH, ordnance Indian Ue- ) rlmeui, .voluunmirv ml Aiililanr iieiiMon. araaliig the militia, and arrearage rior to the i aim.iy, HI., s,'Mt,.vt yj; Naval er ;iat,tal'h'ig ihs railiial luiec ol' lha Navy A3iW32 7 J HuWic IhjbUS.OUC.S'H VJ. Anil 1e MpeiKi mre i the fiMirtli quailrr are eati-1 iid at 5,Si71ir l.. ivJ CUU, l)iplrtnatic,1 nui auacei. .nvM,i0wrj uu, Hilary acrrice, i-icluding f ji tificalUMia, edounl, In.lwa lie. htfinieni, lr tmiuiiar, aud Milhr 1'it.aioi.t, iiiinK the NiTTnia, an ) arrraragf, prior in tHc ff M imi:,r), -;Ui7, .V3,UU0i .Naval aer i'ltludinj ii,e Kradual inerraw ut the f s, tt.OOUtW; IVi)!io M, v!: Jf..!' ,,'l 'riMip-Ut ,i.t),.; 7i; i . ri.ei.t vl i'lterett, hi,$lO $'J MA, liie lui i f ,.iii)i.li:) expcn Jiitt. fftlie year IthiS, 'tt,ii 043 Hi, ami lea v. l'H.beTl-(mturv.oo the lit Ol Jaiiuai t. lsiir. an -imatid hulanre of 6,4:S,5jh jr, Sbowhl the caumaie of rcet ipi fur the fourlli garter niove to bt ewncl, thr total ntuouut w' for the year liUG will h.e exceuh.il I c toal tt i.nau puu-d to Conreu jkl -r, i a tum aj'iiniwhiiir fjr Jiuutlrul thou od tlutlar. . , . . Wt tho baUbce at ,4,S3 87, aiateil, Irti. ' a that 1;1d, aill heiutixTreiiy o: , as that ahiui, ' first uf lauui y, 1 1 'etii'lh.,l,j.t k!7, it is i-emier lo reiuark. "d U lliC ft.', u!'-' chareen: hu-l'i' iV ;!( iifi.w.. whUh win raaiata tab aatitaeJ aAev rb Cm of Hmmmrr, 117, aaawaatuig by eeTwwate lo rJ.-.3,OMi. s A aout ewe aailltoe) e4 dollar la fawde mi at pre! ciraatire, a HhrlMaK: Iv ea. I : t a! - . ... ' p-"wwiw,jiwiew .tawwai Keport. X fh reeerraiiwa of Ri.0iw.0lio, aader the fwnrtb aeetHMi of the ewt ( thereat, wf the third ei March. 1117, ewiiiUd Aa at to provide; lor Ike reownaptioa of the PwUie Utbc T: dirrrtiwM a.-ed laat year to lha Recei ver eon tieeior or the raUl lteveaM ia all part of the t'uiird Si.ws aot la receive ha y paTawfHa aaaile M iheaa, bank aetc of any nf the Plate Bank of a Wae deiMavinatM thaa (re dollar, coniiwiw la full for. wd are Uno- lag their aid M diarooatewancMig tbe eirwalaiina f atwall aetea, and ubatuaiig i their atead Creator ornnortina wf l. aMUatlie eUun II. Of the Public DtbL That tbe preaiae nature Bad ataenat af ih. fended debt of the United State. k axial i Hie p recent time, mf be area, the ervral tie. aenptanM of OcM, ef whlah it ie wimpoeed, with tar perioueai wwica iiiry were eoatrawted, and are raderaaable, will be ataled. Tbe anrrerato taMMnt of debt oa the I rat of Uelooer laat (atateiwrat v a. i) wae 7S.tU.til dollar 47 eewta. Thi aaai inelode the rem nant of the debt of tbe ItenihMion, amonniinr . . C9 . . rt . M ill . vo ria,vjo.xf ii, m aa imereat Of three per cent: and the ana nf rV000,00U Mbeeribed to Ihe flank of the United State, the United Slate owning -m equal amount in the aharetof the Hank. The a euma, atakine; logetlier aw.w.sw ,u, are dou reoaemabie at the pleawire of the Oovemment. . The remainder of the debt ha been contract ed ainee the first of January, UK, ami eoaaitt nf the sum that follow, redeemable at the dale that Mlowt . .- - ' I. The anra of ftl ,SS4.I7 48 tf percent heinj Ilia residue unpaid of the loan under ike act of (he lib of Februaa, ISIS, and redeem. blemii:8. ' :...' . -O. Tbe ma of IS.OOAli go, at six per cent, ocing tne reiiuo onpaxi ot luau made In ISI4. and redeenjable in 3 The turn of ftU 4'JO.OO'J. 10, at !x percent being the residue unpaid of loan made ia 181 J, nd rwteemable in IN.. , . 4. The to-n of g763 661 08, at aa Interest of tar and a half pvr cent beiir one half of the lis per erot stock of 4813, exchanged under the act at Congress of the 3d or Mareb, IS'.'S, and r-devmable.il -,.-..i- .,-!.......... ' The kin of g7C9 661 OS. at an Interest of rrnir and a half per erne bni.g the other half of the (is per Cnt. stock exchanged as abov. and reiloemable in 1830. There I o laat enunicra. led snrn were st down last yer by estimate, at WJi W 4t. resuecuveiy I lie ace.Mii.ts nl ihe teraroitsioner of Imhii buVmr lines been '(jutted the true amouuls are ascerUined to be snow exhibited . . . The sum of 518.001 50 at five per erht. Iieinf the ontHhird part ot the Suia ol &S6.794 1 Jk l- I . r .1... - . , aru n cAwinngc iwr ,w at y.r wem- atocktnf II3, 1814, and Ills, under the act Ol the'VHHh of April, ISW.awl redeemable la IS.il. 7". The cum of S ul . t Ave per cent being one other third part of Ihe sum subscribed as aliore Muled, and redeemable in 13. - ' . I'heaani of 10,000.000, al four aud a half m-r eenL being Hock Mirrowed nnder Ibe acuot Vlay the Sith and K6lh, IW4, of the Unk of the United State- one half to pay the r'loriila uiaiiUH, uio oiner nan 10 pay on tlie Six per cent. Kwuk of 1812, ami mioemable in IMi. 0 TS. sum ot gay9 99 1 3, at five per cent, being tbe Stock erented fcy the act of Congress, of Mir the lilh, 1S'20, and redeemable in 1834. 10. Tim mm of gi8 901 JJ, at five per eoot lieinu the reniiif.itJif tlunl, aub.cri'jed uuder tlie aet of Airil Hi SOib. ISi,,and redeciuabhs-in 1831 v ,1:,;:.;- ' i ,; .. II. 1 he snm of. 'R,27,363 97, al Ui per cent I bciiic one half ol ilia aiuoom suhuu ilx d in etchangff liir sis' per cunt stock of 181, uuder "l "Vheinm of S363 98fV 4 cent , beiK (he o her half subscribed ui.der tbe act last almve ststetf . an'! edeeakbh; in 1834 ; 13. t he tn in of V7';.-'J0 SO. at five per eriit ViiighiiiHj'.tof Mock Issued u tier the act of .March the 3d, 18-41, and redeeinablu hi I83S. ' . ." -i UV Ihe fiH-eroW cnnmrrsti'in it air t. Ihat (he amount ol.dunt redceuiM'le at the pci iwl tiiectietlis - . . gI5,62C UC'3 77 t hat the rrl'oiu redeemhhle 41 : - the pleasure uT the Uuvetbv ' tueut i , . ' . SO.S9S.S47 70 Making the total amount of the g. tuiniL-u otm oa iu isi ai ucto- bwr.isao, . , 7S,9C53,ISl"47 This amount will be reduce., far a pwnient to he made oa the first nl January, 18-174 so as tu sUind on that lay at y,73.yi0.il44 7V The amount ol I ceasurv Noie oiitainmline oa (he oral m wcinoer, n. ti, is estimated at JSH (Htlj aud the amount Of Mississippi Stock ui. re deemed on that day , .including a .i 1 oot appli en tor at . - r il will n!Xt be Di-nner lo afatu Ihe elwratiana tliSl nave been nan ih rciauow to Uuf debt aince the latt attiiiiat report Tint this Iwwirtment. In that repmt it waactaled', that the uniaid loan ul 1813, bearing an interest of six per Cenl, amouulnl in the siiifi of Jft 16,270,797 4, the whole of which wa fudeemahle in 1 8V6. . It wa thought to be incumbent iou ihe Department to retsommend to tlie consideration of Cmigrest such provision Cr i.aviur olTtliissu-n dui tna the j ear 1 86, Sin the jiulgment of the Depart. ment, cave promise ol it- li.ir mutt advantageous The exhilhi(Hi in detail of the entire public debt, as contained above, serves lo show, that eonsitlei-nlile savings iu inlerrst had heretofore vu i.nl '.otlio naiioo by exebaiieselTecled uo tl-1- the authnvily of Congress, ol siock bearing an miereat nl sis per eeul for'stock bearing lower iuturett: or by loans, under the aaroe inv t liority, lor the purpose of paying olf portions ol' the debt contracted at six per cent when the line for redeinptioa had arrived, by the areailon ol new debt to the same amount, suiiieot to an ' -rest of leas than six wer cent Under the ., um of past legislative approbtlion ol Hilt r HiKinical prneessia relation lo the debt, it was r Li run lueuded that a ham should be authorized r 1 t-f. to ilm umouut of uine wflliousof dot i ;H reilten.ai.le in 189 and i8St), al a rale of i. ( rtstiiol FXceuiMiL' five percent. torX.'inguith UiiailcU of sixteen millionsand upwanls bearing an iutei-t-ii ni aix tier cent.- whit i tlie uovere meut ws Ihusal liberty to cxiiugiiitn in isv proviili-d it bad the means. Nine uiiliinns, il aa believed, would have fnvnicd sn'u sdequate to i In!. oiM-r'..ioa in coniuneiwiu wilu t'e (.liter tuean vliicb it was sunnmcd the Treasury ihiI.I iiiroUMr hate had at ernnround for tlie service of liie 1M in 18x6. The, is reatoo lo ihiuk. from ihe price hied the public sitki l.o.L- in t he eutlife ol lite lotl IV Inter, ana tuv Miutitly lo t'.e Vvinttr, lhat, bil Coigitrts j.i.jrii.H.eir a 1-ntn to tnal ar.ctttii the t-lli-rtsl' o!it;iiu il vouhl wa have pro thai (.nsucoeralul, and v l.'il.- ol' lk Stock l.l euettiui. It c OSC- nut-iitl been piiil n(iV i'W H ia luan ..:,li.i.-i..oi. il lf-.nie the ilntr 'if ma ' 1 h-ii ul:,: to t.r!A-itr. C'-.CJ a is? ililtK UiOStil ftT eftwrwiahMig e Urre a pnrOoa of iVit si per t aurs, reWBl.l.wiilu Ike vrwr, a iWe eteaa ef the Tremry. w ubont lha aid al ttw rwadand praattaatile. 1 U was saaia- diasly ooaa, aaiheai rlolleaap 1 be Meek w.aMled wf the rraalue ocpaal, aataumwig la ftS4.734 IS, of tbe ha l setew saittioa . handrrd Ikonaad rullart, aader the act wf Ihe Sd of Angwal 111; cd she ertidue wapatd. amouatiag a ftl,?S4.l97 4 wf K Ujum ' sutaea WMllnoa endcr the wot rf rYWraary lh 8th, IIIJ The fur-Mr of tbrae h.Uers was whollr paid oaT wiiW Ibe Btawvt wbith Ibe Treasury ba4 at ia ilnpnaal, w ilia lrt af laat latv A rrg rs the Utlrr, tf.e tawnaionrs t Ibe SUkhi( Fowl, at a ayreting bhl an the t7ih of 8epmbr, reaolnrd, il,M u aillifw of ilollar thouh) be applied loar' tie redneiiua at Ihe el of the pres.! year. Tbe hoHlvrs m this Mock to an amnoet reprtar4ing two mil'io.4 of doltora, have, eeenrdinglv, haw aeiiee, tlq oe the first of Janitarr, lltf, uey will main payaiem af tbe whole of tbe principal auai specified ia their eerliScate. Ky Ibe lrrniua. det whkb this havi of tl 8ik of rrUwary, 1 813. was ewatrseird, it beaaate sedtaasaMe'Ct the ptraeare of the United Slates, after tlie Slat of IJweealier, IU, by Ihe r imburseeaeal of la whide sum whi--h 'tnod Creuiied to any pre prielor of the stock, at the time.wbaa the reimbarsewiewt Umk place It billowed, that, ia paying off any gvartina of thi lewa. a prial liayment e-mhl be made to tlie holder of a eertiflsate, hut that he was entitled to receive it full and absolute amount, i Imat de 'nelioi.i and ahn the full amount of all e her eetlincate ef thai particular stock of ahich be was al theaan-e time owner. . t therefore became aeeessary, as no preference enuld.be show toonw pulihe ereiliior over another, la determine ty lut the numbers nf the eertificale m be rrleetiel, mild their agKrrralt v.ouut sliould represrnt the sum intended to I e paal offt and such was the plan pursued. Ibe prscise male m wliicu h was carried intn erTeet, will be seen by ao explanatory paier (L) among the Uncumerili transmitted This resort to ehnnre terminated In giving a small rxecas over the sum rtranteitj so that the snm tn be Paid tf on the first of J n.uary, anion"', in exact figures, ta $i,00 2,- 400 II k may be proper to mention, that Ihe unpaid sis iw wrnts of 1813, were stated last year al "SIBATiJ.rOr 8. when tbe tine amauut wa ,ln,3inV3 98. - Tin? difrermee w tarhided in die lir and a half per cent, stock, uuder ihe act of March the 3d, 123, since ascertained to bare behmeed to tbe stock of II3. Il should be further mention. , list ihe three per cent, were elated last tear at RlS.SSH), J31 4Si to which have b- en atlded thi year tlx teen dollur twenty-five eenis, since iasurd fr Interest un llienlJ reeiterd dukt aoderth ael of the litb of June, I78. . . v : j ' Al r ike profidaed payment nf gS.OOVGO shall have, been made on the first nf January, he funded debt will have been rtdueed from ;S0.8 ,S37 7 1, il amount last ) ear, to 73,940 844 78, the amount at which il will stand on ih first of January, IS-T It hence appears, that the mean wbish the TVratury was fourtd to posses for tbe reduction of the principal lit tlie debt within the year ISJfi, atiuiy those means si largely as could be justified, and a the4 Om niisioners of the Sicking Fund thought proper' lo sanction, amounted to 7.0C7.039 36; .and that this aum has Served toexiinetiith by an much the iii-palil percent loansofl 813, amounting a by statement. In the animal report nf December iHtt, to lo,C70,7U" 24 The payment of interest upon tlie whole 'debt within ihe year, will have amounted,' by the elote of lln? last quarter, to 3 944 3S9 33. making in Ihe whole, principal ami interest, applied to the debt in I82G. ll.Ull.398 dollars . Uty tiine Dt.'i V,v f v , Or rfe' foregoing om if 73,9?0.844 76, or which the debt will consist nn4he hist of Jan. uary. 1847, 31.838 S3tl 71 Willie at n utterest " t-.-JKi.Ut'O-W at an intend ol 994 064 II at n iiilervat of fnnr sml a half per' eri,t( ami iS.'iOS tiT 70, tlw remnant of the' Kevtiliuicwaey iltbl, at an In te(,tt of three percvnl. : ; . : It Temama- to offer such stiirtrection, con nected with tUe debt, for the year ensuing;, aa a provide Lf"vrg-;iid to the public resiHirces ia th(iiiirbM.o point out, Il it seen, from thr reoitulsfii-.at have preceded, that much the lariresT pari of the debt exists at present in ctouk of six per cent. This is the highest l-site of interest which i pawl by tbe Govern hient. It i conceit ed to be higher than it nroner shoutd be paid, unless where de manded by tlie public kith. The time and concomitant circumstances which character- juid the creation cf this part of th debt. necetisurily burdened it with to heavy a rale of iutcrcatj but,- that -tsilh the ample resour ce, the unquestioned security and tlie ex alted credit or tne government, it tliould continue to puy it, where ihe option concurs with the presumed ability- to shake it trfT, seenil noloncrer warrantable. Of the whele turn, approaching' thirty-two raiUiona of dol lars, which ataiiut at (hit interest, nine mil liona have been redeemable within the. pre tent year. Thirteen oiiiiimi will become ledeemable on the first of Janut-y, 1827, and nine milliont on the tint ot January, Fraction are dropped in the recapitulation, The advantatce to the nation of converting, by loans, or by exchangt., at lurge a portion at possible of this part of the debt into debt that ahull be charged with a lower interest, appears to be so obvious, that the expediency ot recommcnaine to tmjrress uie proper measure to efiect it, tg-jan tugget' itself at an incumbent obligation upon the Depart ment. Jfi aot overlooked, that the pro bability of obtaining a loan for this purpose. diminishes, other thing remaining equal, as we are bronclit nearer to the time proposed for' its redemption. Ilut th prospect of obtaining it ia ttill believed to be tuliicient to iu&'ity the endeavor, it is, tuerciore, re spectfully recommended, that authority be triven by law, ana l an early penoa k tne session, to borrow tbd snm of sixteen millions of dollar, at a rat-j of interest not to exceed five oer cent, to be redeemable at the plea sure of the United States, in equal portion in 1820. and 1839.. These years sre fixed as the periods of redemption, for the reason that operated last year, namely, that, under the pretent arrangement of te entire debt, only ' a very small portion of it (lea than one million of dollars) become redeemnblo in either of those years, Should toih a loan auccecd. it would pay dtTat once more than one half ef ell the stock at tlx per cent, ih-rcby prodiicipir tleaf saving tft the nation of at least one per cent, on a capital of tixterai million ef dollar for two year; tuid for a longer iieriod on part of that roiUk le resiane ot tne sis per cent. WlCS., Ml"t""i"R fliw"i-- - f.'t f)ie, anpH4icn cfwe djeprwlc meant "f l-w Treseury daring the yer 1 t2T end I8C8. XVbeiber vbaaa mesa wouU pr- ufVietvt fur it complete rwiwctiow wituut lfto,c 3rtrS depe.ls up event that can not be telyurekiowii. AH that can h remarked ia, that, to the Ml exeat r4 the abU.ty of U.e Treasnry, the wnt would be appldj and at the perio.! ofum best adapted to tbe exigettcie of the public err vtce, under the direclion of the ejnkin read act. and the light of pact eiparienee : at Use Trent! rv. . If. amMLu . r Xbit i resUkie of ihe six per cent, etoct onia be found unextinpiUhed on the aK.eal of u year i orj. as probably would be the caw, the obligation of psrin-r it 0fT then. wouU eonsutnte neither objectiwti nor ineonveui. enee to the Measure of a loan upon the term i-ir-umsed. It M. VWItsSrlllaVritKi 1. at ' teveo, that, umler all riew-a nf tl.. the measure wo-ilj give promise of puhlic adranufre. Such a Uw a fa recomrinde ', bemg parsed, and it execution co-ifxleil t tit uiscrenon of tlie Executive, that !ir i c twn would be exerted cwnplithmrnt of iu object, both tit A l.tttk &aT (L a a a . . .. , voiaimng ui loan ami Its condi ttona, la a manner the most ati-oVtofy. UI. Ethmale of the -PidTte and Expenditure )r 4i8ir. The importation of foreiirn si-jVU. ,l. Lnitcd State, in 1B?5, was ;,rTer than com mon, having amounteil,as by U,e smiemem tratisroilled to Conffrts on the Ihinieth of , . ., 7 lo,mor nne(y-ix million of dollar. n value. T,:, exceeded, by about ixteen million of dotVr the average value of importation ft ih s three ye- precediiiir. Tlie exce was Wr tluB COu( be justifi. ert by the mere graualy increasing demand of tae eouiitry, through its incrcasin-f popo lousnest, for -foreign .upplie. anl could have proceeded from the influence of those acci dental and temorary caue, whicli, in eom- mereiai cwuntnes. are. alti XV afledini. the opcratiojti of trade. A uppf v, to redundant, tor one vetr. miirht hava h-, ..i by Ihe nsf.ral reflux of these operations to be followed by supplies more limited for the year succeeding-. On this account, aa n through other cause Ihat were adverted to in the annual Report of last December, the probability of there beinsra fallinir oft" In th value orthe importation of 18:6, a com par ed with thote of 1825, wai intimnled, and h.-w brn the fact. The whole importations for 1H26 have amounted, from the return and e- iimate at present before the Treasury, to a- b'uit eighty five milliont of dollar in value. The whole of the exporrt, for the tame time, to about cventy-eight million. Of the lm port, about eighty milliont have been earried in American vessels, and, of the exports. a bout seventy million. Of the latter, about fiity-three milliont consisted nf th n-whn. lion of the United Statesi and the remainder ot toreign productions. The diminished val ueof importationt for 1826. hatnbvima.lv a. rien, in some degree, from the fall of price ia those eountriee-of Europe from which the largest ouantitytr manufactured articles are aent lo the United State, tnd k-'ivet counte nance to the opinion that the 'daoreate in Quantity has not been in proportion to the ecreae in value. IF, indeed, the comnara- five amount and value of export be assumed a tne measure oi a correct judgment upon thi point, it would even lead to the inference that, a regards some of the prineipaUrticle of importation, into the United State for 182ft, there ha been no decrease in quantity, a compared with the importations of 1825. The value of exports from the United States, for 1823, exhibits a greater exces over those of 1825, than is teen in the import; yei, in some m "ic cuict snides oi ox port, ma re cord of (he Tieatury attest, that the quntl ty, as far as yet known, was greater in ISrd. in ih'3, tne export ot cotton was one butt dred and seventy-six million of pounds. In Xiao, li wa one nunareu ana . ninety-two millions,'' The value of tbe luttcr; or larger quantity, wa twenty-Tour millions of uuIIhi. The value of the former, or smaller quantity, was tuu-iy-stx millions. . in like manner, the Quantity of flour exported in 1826 was trreat- er than in 1825, whilst the Value was less, though ntit in the same proportion a with cotton. . i ne same is true oi rice. . i ne ex ports of flour in IS2C, was, in quantity, 853,360 barrels in vnjue ,l.y,U03 Hollar. In 1825, it was 813,906 batTs, and, in value, 4,212,. 127 dollars. J The export or rice in 1826, wa 110,635 tierces in quantity, and 1,909,227 dol lars in value. In 1825, it was 07,015 tierce in quantity, and 1,925,243 dollar in value. It may be proper to subjoin, lliat, of the export of cotton mia-'J, between nine ana ten mil lions of pounds were of the Sea Island cotton; nut of the export of 1826,between six and seven million. Of tobacco, the quantity ex ported, a well at. Hi value, rose higher in 1825 than in 1820. Bat, in 4828, the export of tobacco, though considerably less than that of 1824, in quantity, was giealer in value. Tbe comparative amount, in quantity and valor, for tb tliree years, tind thu For 1825, 75,984 hogsheads, and 6,11 5,fi23 ilolla.s, for 132A, 59.780 hogsheads, and 5,122,904 dollars, for 1824 77,883 bogaheada, and 4 88566 dollars. Taking the three ycar-t, therefore, it appiar thut the quantity ex- fiorted waa greatest in 1.124, and the value cast. It tvould be desirable, with a view to Judge accurately ot the eifect of the tariff' upon the importatiO'UUit tureign mercnanuise, to ascer tain the fluctuations from year to year hi tlie auantitu of suck importation. This cannot be dune, at present, so tar as any owiciui or satisfactory standard at the Treasury it con cerned. The returns of the Collectors of tbe Custom in relation to god which pay duty ad valorem, nave, hitherto, nxed nothing out their value, and it is known, that eood sub ject to duty under thi form comprehend much the luriruat class ol foreign importation. Measures have been put in train for ascertain ing, henceforth, a f practicable, the eniire quantity of gootl ubjec to Uu de crimson of tlutv. a well ui tlie value. But even when time elia.ll hare matured these meaaure and exhibited their reunite, they will furnish no s'andard of comparison, as to the quantity of iiiiporUtions prior to the adontion The iirtorniaiioil will, IriWeVt' become u ful after liie lapse of a fuw5'rars, in il bearing upon lite course aiiii tlcieiop- .rents l (wrhom..;:aatry ana jowigairtiu shewing I each, undewise prlnetjilea a oUpled lo '. niy advince cawiAily t how the eJuii. ami ibe objects of the Utter any tlt.ft u r t'.ie t in nf the omer widiout any i l-ut with gi'n, in w;'ctVivw national re.,'. ret.;!. operating upon ti.o , moat evtert.i.- iiifrctta. and cnricUing loth" .' geeatest ma, i -f nun I'witj tw how, tuiJer f ue grewth of tJ e ot.e, i,e other is.al all des tined to bee lvantageouily and la ngly abridged, consequence s s and hope from own cxprrieiii-c c jenen-t.tl art of these oe! tow i'h ton&dcace. y ' ; ff, as welt from our t fr, as from- thai of Other nat'nt of te world distmpuithed by. high der .-s i f 'ittdence and Cirilitatin and wiiere l" !i have rested upon dunthlo raO t-r than t-joti'.O') f-unfhjlioti lotimla , t'o . t'.at have been ariifuliy Lm4 In atf.i.Ijf- J h- f the home industry t the mulriplirti " icrit'ums or msmifactttriiiij art n lev, lhj . to the tillage of Hie o:t, onl In i.i ' o-; lha. , ae.cttmuMted pioduclion 4if bull, t'.c Uaai , f a rrcat foreiL-n tn.le. But laru vl t my hed a Uiatinot light upon tl e w hr'.e t .' ject . . should be aeduouly oi!ected, to e,i.' need be,a the grniiKl -n t to i. n of a more ;; nerfect avtem of Icirialatu.n in rclatih to V course of policy so closely interwoven a tils - .i . . .' -. "e. ... ' tlie interests biki cnaracicr vt tu suciai aiair, . and with the lailonal nrosperity and power. The foreign trade of the United State, le n , iiuiereiit cause ior4mjfTriiwt:xKnsion, su peradd anothew and tl alinctive one In thtr - . constant desire of the (.overnmenf, a man.- . ifeited lit their ptrmatieut laws, and einjih.it ically in their recent treaties t, citn-y it uu .i fi-cedfrom all restrictions upon navlg.ti-ioil, us rllas upon the most enmrged- prmc nleai and tlie moat entire reciprocity in alt other respects, 'if llidse principles, tif which. the , Upited State hve largely e thb example, ' were practised upon more universally by na--tioni ami tn th6 extent uniformly proposed s by tii (iovcrnnatnt to theirncccptanee, the -fact niiht he. moro important in itt iuSuenew upon generul trade, and upon that of ac)i ila- , turn In particular, tnan abstract declaration. , ilhutraiive.tir eointncmlatory ofthom. (. Ihe value tn 'uotioo xooos, suoject io aa .-..j valorem duty, iianorted iniq the United S'atr hi ib.o, wat; aa lur a si. nrearin atccriaiuon, -.;. .905.318 dollars. The vslue I f the sstne lie. ncrlptionofgoiult.initMH-ledlii 1815, was ii.SuJ,. . lie iloitrs i ne vaiuo oi wtKiui-n gonna, sui-- ect tn ail valorem duty, imported Iu I8ia, wa - 7a4S,4ii3 tloll.is. i lie value cl the tauie tlt, criplinn of goods, ' Inipvi't'.d ln.185, wnll, -Sad, -14 dollar tluL. a alitadylntlmutn', Una- i . ililfe.renee in value esniiol bareturtl upon as statu teat of the difllrunit in, quaiUitv. 'I hew lm seatons whim it would l pucu'iily roiilra'liiig, -and the present is believed 10 banne of litem. Tbitdulii-l enrich d'-ssiiplion of these nann-fciui-e, wrre ctdaula'el m the price wliu,h nch retpeciivuly bore at the pluur nf expoi la. lion (lurniij. tlie rettieeuvt yearti ami me great, 1 fall In torica in IK-A. will n.idoiiliteilly sui-ve to account, in part, for llTe ilitierenee in lh aqRic, gate value.' ftf (he (wo imjioitatitm. . Kin iher eluoijullon win oe nimmen in uie poini, wneii I', i added, ihat altliOHh the value of cition nifto. - nfaetore iinpm t("l ia 180 atautl below ihiJa imiiorled. in 1825. in the prntiortiun staled. It exceeds the Vultw of the lame WIimI of iiiai.uluc- . turel Iroporteillnring either of the two year precciling, Vis. I8i4tl IS3. I he same i not- ' true of the aoolleii rr Wiiufaclurt. 'I he value of. , the l(ler, liuyine duly d viorm, linpnriml in -1 826, i found, from the return aa vet be for o Um -Treasury, to he lulow the value of the v ame kind or impOi tatioiis for 1824 and 1823, though the diderence is tiu ies considerable ' than between their- value in 1825- and 1825, " nor is it known at this Dopannient whtt mav . have been the compai-aUve value of woollen . cootU at the place of exportation durinjr tbo . four consecutive year indicated. The vain. ation of merchandise constituting the total ug.'--gregate of onr foreign trade, is alwiy mado" at the port or pWce of shipment, and the rule applies conwtU.lyj!oU,-aysiJ lliat Is, lo all. articles pf export at well as unporti thereby freeing it from objections to which.lt nuj,ht otherwise be open., i ne nioue ot valuing is, j in effeet, atfJbllows: the party making the ihipment (annexe the value to the fliaiiifcst or list of articles: tuperad-ling hi oath that it - it Ihe true value according to their actual cost, or according to ihe value, which they truly bear, at the port and time of thipment, Thia oath Is taken under the supervinion of the Collector as regar.l exports, and under that of our Consuls, or other Commercial or tub. tituted Agency abroad as regards import. Some other formalities are observed under our laws, particularly in relation to import hut they are a-.l tn Sid ot Ui pr ire h-.l tn Sid of tbtw4r provision - t,M Ulllta.t , , . r ire stated. ' The articles of American Manufacturet e ported from the United States in I82fi, will v it is bel;eve(l, be found to exceed six millions of dollars h'Talue. Thu particular kind j of Manufacture which"1 huve ' inailo up thi -profitable and growing branch of the export trade, will be presented in detail, and "heir . total value aacertaitied. with precision, , in the general Statiaticul Taljlcs, now itt course of preparation, under the act ol tlifc " 10th of February, 1820j which will he trans. ' mitted to Congrc at asmrly a day a their ' volumitious nature will allow. Of Uie dwimt - of American Manufacturrs, produced far consumption within thtf United Stutes duniif Hie year, ll is winuaaiuiw w iiii'.i, Willi e- acmes; out, irom intucaiion tiiai cannot ce ceive, it is evldeiit that it ia larget so large, that the amount exported, oukl sink to u level below alt comparison with it. The t.n- , est guide to our belief, tinder this head, is. mat in inoxo erancues which uave ttl icnpt'.i been enabled, through a provident lctriahrr tioSi, to tatKl up again.t that overwhelming1 . cOmpctUUm ofhre-eilttbllsbed excellence ahl -capital from abroad, which most t-l'iervna.i have kept down forever their ln-st attcinptu, the article can now be had cheaper in price, a well a better in quality, than the same article, from. abroad, as it was teen in our ' market, prior to the efficient protection a!', lorded to our own. Hence, the approhen ions of monopoly, pi away, IK nce, ih oerta nty, that the cornjxtifcoit at home w ill bringdown prices eventually, if not iui.i.rdi.' ateiy,s.;;.atrt createsanaii.iuiscsiie wrltU at hornet labor being the foundation of wealth, and prodticin:; and diaseniinutinjj it tnora'- u niversally and in higher dejreea, in1 propor tion asit'exiita under di'velVitied forms mid in lull activity.-- It i Dam, that the f:truicr, the -. iiriin, ! the merchant, give support to each Other, cs.ch cularging'tUo occupations aiiti "Vtho gsii'is f caohi the jSiatc tBeanwrrle rear- ;'c If 3 vj eawu (
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 22, 1826, edition 1
1
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