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UaLKIUM, (N. 0,) . no f arti). wRKKLf BT.ALBX. LUCAS. r-m 0r nbtcription Three dollars per year.one half to be paid in advance. No paper to be continued ion- rertljaiv three montosauer ycni uwnfwi s wmr!, .hi.-, and notice the?eot Btiau nave ueen yem .A-rf?w,;n;iteitcceding 14 line, are msertedthr - lorwie dollar, and for twenty-five cents each subse " .inenl ;nsertion,i and in like proportion where there ,s a greater number of Unes than fifwf teem A-v o su'iffmption can irv any case be received without then ivftient of at W:.st SI 50 in advance. Domestic. The Treasury Report. The annual report of the secretary of the treasury laid before roiurress is, intrinsically, one of the most im portant dttcamcRfe that ba anpfcared fbr roi- hy years. u conxains a reiruupccuvw -nwuij . of the financial operations of the goveniraent, connected with the late war, and propositions r the improvement of the revenue prospec tively. It may be said to Stand w ith one loot on the past, and another on tnc luture; ana ' - . ' . 1 A?il 1 ' While five millions more were held in re serve to be issued if necessary. Such is the climax of financialtImculties, traced by this Repori, from the first commence ment oT the restrictive system, to the adjour nment of Congress in the year 181, when the embarrassments of the Treasury were found to be extreme, The actual disbursements for ho first half of that year amounted to - ' , - ,. 18,693,781 And the balance of the appro priation for the same objects tor the other half year,s was stated at , Total . ' While receipts 4nto tie Treasury for tlie hrt hklf yar and the 'esti- VuMxl aggregate of the fund to meet the demands to the close of the year amounted to. Leavinr a deficit of To supply this deficit and to provide tor the contingencies of the year, as well as to ac celerate the fiscal -measures necessary to the T . ; ..i i. k n;tl,i war, iirisiauve exertion was iiwesBwrv ttight, without great .mpropriety, be en uded, Themnhian1mdhecomt inoperaeThe Re, a digest of puoational mweries "venues Md ceased to furnish an amount equal t oopes. u.v.ueo uu f-- n to ihe pastpeace establishment. And the -first -orwhieh, T'fTr i TCTfr ol exernhwfa Bellas prhatt detail of all fiscal concerns, frum the com- fl fl wrfa& w. ..ri:,,"7 r 771. ormUmalciramtion. The treasury could, no nntn Mm vaup V ...... . our exc raunu, upwute-jrati 10. m , Imir trnfer U fnndk frmn nlnreAonlace. Of such a i story, the results alone appear :. -v : . , r . r -. . Vr a -i vi ti,o Hot,i'0 ;,, Jerome impracticable to maintain the ac ta us fit for a daily journal. Hie detaus must, . . . . . . di.a-.h February, 1816 : except such as are imposed on goods of the like description with the am cles of domestic manufacture, on which duties have been laid, and included in the general pledge, 2d. The new duty on salt; the duty - . - . : i 1 J I ll -T 1 1 fli.i. I on sugar rennea wunin ine u nuea oiaies, anu the stamp duty on bank notes, promissorv riote? discounted j and on bills of exchange, are not included in the general pledge, and will wholly cease on the 17th of February, 1816. 3. That the following duties or taxes are not hniiied m their duration, and are included in i tUn general nlelt:2. " 1st. The direct tax upon 470,14 j ;irwi, houses and slaves 2d. The duties up- m utx-nces w itBtiuer ot swniuous liquors, juiil upon the liquors distilled. 3d Thrduty ip on licences to retauers of wines, spirituous Hjuors, and foreign merchandize. s 4th. The duty upon sales at auction. fith.-l he duty upon carriages and harness. 6th. The duties upon household furniture and watches. 7th. rhe duties oA articles manufactured or made for sale within the United States. 8th. The rate of postage. . That the faith of the United States, and the revenue arising from the duties and taxes, which are not limited irT their duration, are pledged for the punctual payment of the pub lic debt, principal andMnterest, according to the terms of the contracts respectively ; and for creating ah adequlfebihKing Fund, gra 10,167,586 fl.n malniMv if ni whnlrrnP nilP ivn- ,w 1., Lv ,minter.tinir. W think. lnSagemenU, 'ivi jy w v I v J -- - - 7 rnnanlt thnrrnnvp. nience and satisfaction by glancing at this "?? 10 ???cmbe P1' part of the report, but slightly. , . , The restrictive system, which ccr commenced customed punctuality in thepayinents of the pub- engagements. Under these circumstances the Congress and during that ses sion, which closed in March, the following du ties were increased : 'Pi. .i: i m a -n: r .1,11 1 1 4 1 t,7. u t was extended to the District of Columbia, of the revenue. But, The daty .n carria5e,and that on distil kd cemte of the treasury, with occasion loans, pirif&nd other articles was raised, and.new continued to exceed the expenditures, till I with tie, n a variety of articles were laid on. a view to the services of the public in the na-iAn(1 in order to enab1a the treagury to antiei val and militar' departments for 1812, the es- pa(e the collection, to recover the punctuality timates of the expenses for that year, present- j 0f its pavments. aud to invite the monied iiisti'- ed to congress, in the session of 1811, amount- tutions to eo-operate in a plan for restoring an ed to 9,400,000 , 8,200,000 uniform national currency, Congress gave an- "While tlie revenue was-estimated at only Leavinr a deficit to be provided fdr bv lom. of ' ... : S 1,200,000 But the exnenses attending the ewrhiiation thority to raise a loan of three milliolis of dol lars, and enacted that Treasury Notes becom ing due on or before the 1st of January, 1815, should he received in payment of subscriptions to !e Lon it PARThe payment of the ia- of the military and naval 'e$t&b!iinien were: terest was c .arged upon the linking fund, and so great; that the appropriations fr exceeded 'hlition to th,; amount of eight r,.o...naa tufix .'in tl,A !r appropriated to the sirtkin: millions liere- g fund, an as dually to reduce and eventually to extinguish the debt; But this pledge will be satisfied by the substitution of other adequate duties or taxes: and the increase in the proceeds of the duties on merchandize and tounage, subsequent to ine piiHige, auorus an auvamageous oppor tunity of making such substitution, in respect to the r more inconvenient and burthensonae portion of the internal duties. 5 That the establishment of a revenue sys tem, which shall not be exclusively 'dependent upon the supplies of foreign commerce, ap pears at this juncture, to claim particular at tention. . The Secretary - then proceeds and givts the following view of the Finances for 1819, with estimates of the public revenue and expenses for 1816. At the close of the last session of Congress the demands upon the Treasury were interest ins in their nature, as well as great in their amount. Exclusive of the ordinary expences of thf jpverpms'tf, they nisted ot demands for lue payment of tuo army, preparatory td its re pajtooj of the inequalities of the exchange, altho to the government, the value of the stock created, and the obligation of the debt to be discharged, were the samewherevep the subscription to the loan mightlbe made. Thus notwithstanding tfie ample revenue provided, and permanently pledged, for the payment of the public creditor,- and notwithstanding the auspicious influence of peace upon there source of the hation the market price of the Trea sury Notes and of the public stock was every where far below its par, or true value, for i considerable period after the adjournment of congress ; vibrating, however, with a change of place, from the rate of t$ to the rate of 90 per cent. Payments in bank paper were uni versally preferred, during that period, to pay ments in the paper of the government ; and it was a natural consequence, thatwhereW thn Treasury failed in procuring a local currencv. aiovf in making a stipulated )ayment. Under these extraordinary and pernlexine circumstances the great effort of the treasu ry, was, 1st, to provide promptly and effect ually for all urgent idemands, at the proper Place, of pajroent, nd to jhe requisite amount -of funds; 2d, to overcome the difficulties of the circulating medium as far as it was prac ticable ; so that no creditor should receive more, and no debtor pay less, in effective 'the estimates, first 'rived and raised loan auu mi issue in wcnaaj iimw nun . jjisiiiit-r'ii ana on- aistiiieu sp toted. ' j this, a variety of salutary regulations were The actual receipts under these expedients formed to increase ihv'credit of Treasury during the year which ended 30ih September, Notes, which are particularised in the Report. 1812, including a portion of the loan and trea- Th actuai receipts of the Treasury for estimate While the expenditure exceeded in The actuatdisbursementsTor that time an 'final nrnnnriinn flip ffimatf that had hctort to v made of them ' The receipts, being : 98,042,309 39,372,000 137.414,309 133,703,880 To the receipts above, o,, . Af)l til." lTVlQt.tft 'WHlhlfl &lf I'AQ. for the ye, eattine 30th Sept. ' 1815. iin to th 30th sUa 4 1812,) . , g 16,782,154 : i The di3bTements e . ' 18 368,325 1 And the amount will be the while of . And now, : the estimates of the year 181o j the rece- ts -from lrt jantl'ary 1812, - ft, 5S 3l,9'25 000 to 30ih Sept. I8l5-v,2. the sum- of While the tasting revenue was ' . The d.sburscmq .Wh-t time estimated at only 12)00.000 THE PUKUC DEI1T. UaTingftdcfUJlti - 819 5,000 : The next object ol the-reporj tsa review of To provide forthW,the sole resources seemed "the pwblie debt.?' JJnderihw head the re to be the balances of the late authorised loan V0T s,ate ;hfat th? amount ot the funded debt ' "j i iiar- usnJ, . ..i...u., : contracted before thewar, which remained un- . fcorrowWherefofeWhority was gto;;l,wd 00 the 301,1 181 ma raise a new loan of sixteen millions, and to'The amount of the funded debt c m. issue treasury notes for five millions more. trac-ed (,u uccount of tlie lute war, .CKll fU citU. J k.m! on 30th Sept. 1815 - v iu, uhub uc 'u' Float ine debt conti-acted since the com mencement of t lie war, up to 30th Sept. is 5 value, on the same account, than dVerv other creditor or every other debtor : and third, to avoia any unreasonable saenfice or the pub lic property particularly when it must, also, be attended with a sacrifice of the public cre dit. It was not exjiected that this effort would every where produce the same satisfaction, and the same results ; but the belief is enter tained, that it has been successful in the at tainment of its objects to the extent of a just anticipation. OF THE ISSUES OF TREASURY NOTES. The Treasury Jfates, which were issueof under acts passed prior to the 25th of Februa ryi 1815, were, for the most part, of a de nomination too high, to serve as a .current me dium of exchange;-and it was soon ascertaih ed, the small Treasury Notes, fundable at an interest 07 per cent, though of a convenient denomination for common ilse, would be con- 1 verted into stock, almost as soon as tley were issued. With Respect to the first description, tlicreftrc, the- tsrjs has r.st bwn rest rained ) but, with respect to the secdnd description, the issue has been generally limited co cases of pe culiar urgency ; sucftv. as the payment of the reduction, the pay on the public debt, ctQuld not be obtain- an inconsiderable a- claims, apparently en- in cotiseqii-nce of the late war. titled to distinction The annexed table mark- The efficacy of the means which were pos- edE, contains- a statement of the amount of ses$ed for the jiquidatiorf of these demands, de-ithe small Treasury Notes, which had been" is- pend upon circumstances beyond (Decontrol ot sued on the 30th of September 1815, from the eovernment. The balance of money in the which it nr-ppars, , t . --- jiu'the soutnem anu western section 01 ine 100,017.557) uuian. The revenue, proceeding from the pro vision made prior to the last session of congress " ducti into the peace establishment, with other , ..tfffa--zw-.v." . i..; t i j j "-o P. r...; nnm.m . rv.,ldi m-o.IH ''' r ' a. .,.i IViU, ..uu.u, uxn.w umi m(m) r, , J - J,-Hc on tha funrfcif Hvht and J r J V llillll ivaisriuimiH.11. ., l. , . , f ,1,., ( fU J::,l-v A bv increased duties on imported goods, 7 " "I I" Tl iof the arrearages as well as the accruing claims, " ",UM,uav ujr , luucnavu uu"u in ercst. and the reimbursement of the nrinci- .?. . t .3 1 where the Inral rnriwirv rf nf tlirttn.. Knp thp. rAAuliift.' n . . . . j : r- - ;on account ot ine i reasurv loie aeoi : au ior . if" v v. - , . kt,U'U A nil n Irwuil at sit mil inni ifoe raia ' '. ... - . . . I ,1 . , i. P . ri ;n:v.,p,tilo a -. Z. . the uavment of the Liouisiana divideuds. with cu 1,10 ..iwuirui ui w cicvcij muum. m - rv. c uyo j, Dled;,e of Uie duties on Liicencc to 1 . ' . . ... . . a ' mrt.. r.m;oli-ffla t. ir. il n,.a ... .y .. ... . - . . .. otner consiaerauie aeois cuuiracieu in rjurooe. luiawuaiiwua more urgent, and public credit became more hazardous, while no established svstom of in- iernal.rtvenue.existed (eresstheref . . k , - j , , . puunt uuui. cicaieu since uie wai, 10 in bjjcljiu acsruun, utiupiii may, is ut iiuici mined to lav the foundation of such a svstem. and began with those subjects of taxation ; TPtal Q on 1 n 5' . . "i - . the 0OU1 Sept. 1815 . wuicu were recommenueu by rormer expe rience: and the" eeneral nroduct of which . 63,144:972 17,555,000 was, comparatively of small amount. The revenue, proceeding 'from the provision made during that session, could not be available for a great portion ot the present year; and, in both instances, the revenue was payable in Treasury Notes, or'it assumed the form of bank credits, at the respective places of collection.' The ' only remaining resources for immediate use, were an additional issue ofXreasury' Notes and a loan j but the successful employment of these resources was rendered, for some time, doubtful, by the peculiar situation of the credit and currency of the nation. -. The suspension of . specie payments, through- for the payment of the armyra sum of 2. That there had been issued for the paymeht of the public debt, the sum of . y 3. That ther had been issued forjsurtdry miscellaneou claims the sum of 4. That there has been soM at an advance producing 32,107 64, for the purpose of raising1 funds o meet die general engage ments of the treasury, a aunt of (To he continued ) 1,365,000 134,142,859 was computed at S 5,000,000 the 30th Sept. 1815 " 'the Treasury of all the facilities for transferring 80,500,073 jits funds from place to placer and a pruposi """"i tion, which was made at an early period, to the 119 635 553Pr'ncPA' banks of lh commercial cities, on the ,.,... i .line of me iviiuuiie-, wiiu a view, iu umc ui- The Secretary then states that for the pay-jgree, to restore1, those facilities, ?ould not be ef- ment 'if the interest and the trradual extinction 'feeted, for the want ot a concurrence in the re- . During this "session, the following taxes f this debt the resources of the treasury are a-1 quisite number of banks-. Hence it has hap- were imposed--. " (bundaDt: ad that these resources depend upon :pened (and the duration ol the evil is without A direct tax of W " 3,000000 : the sinking fund, connected with the faith of ! hut positive limitation) that, however adequate A duty on.suffar," refined in the United Stttcs. of 4' the U. States, lie then Oresents a nicture of the pubiic revenu e may be . in its eeneral pro- V.n4. A I., . ...... . . . . ... ... ' . A duty on carriages- - -' T" , ' A duty on licences to drstil.spiritoua liquqrs. A duty on salcJ at auction. ' - . --' AdiUy '011 licences to retail wines , and spirituous li .qu'ors. v' -' 1 'r- , . A stamp 'duty - . v'-- ' . A duty on imported salt. . 1 '.uut tuese sources of Revenue could not be productive in sufficient lime td aidltlio treasu till the next year, while the estimates for theyear 1814 required a sum of not less than -g 45,350,OOa JOHN W. EPPES, Esq. who M'as appoin- out the greater portion of the UnitedStates, ted by the General Assembly at the present and the consequent cessation of the interchange Session, a Senator from this State to the Con- Iof bank notes and bank credits, between the in- greSs of the United States, to supply the va jstitiitious of the different states; had deprived J canry OCCa8ioned by the resignation of "VVII and the means proceeding from the subsisting revenue was bu t 14,370,000 Xeavi uvmg a deficit to be prtVideT for OF ' . .'; ' ..- j&30,980,000 nbhc nedit alone remaiucd trf eupply this -. Jelicit Authority waaccoi-d inH given to " raise f.,-.,- ..-; .-., .-, ,: . .. . , -v. . . 25,000,000 By loan 1 ' -:v : :. " : And by Treasurr-JJ.Ves'--,. LIAM B. GILES, Esq. declines accepting the appointment. Richmond Fatriot . ' - i . . Important to Planters Yesterday Mr. John Randolph, of Roanoke, brought into market a small part of his hew crop of tobac co, say 17 hhds. which was sold at gSO and SO cents per hundred Richmond Compiler We are informed that the horses of none of the. sinking fund, by the result of which it apr;duct,tt discharge the public engagements pears that.lhere is a deficit in the amount pf, becomes' totally inadequate in the process 'otew-urunswiciiooK irigui near tvingston, on the sinkins fund compared with the charzes i its application $ since the possession of publiejTuesday last, and precipitated the carriage . - aw - . a I upon it.estunated for the year 1816 i a "suni iiunus, in one part, no longer anorus tne evi- of V 6.3i4;200 deuce of a fiscal capacity to discharge a public a .a s . a . And from this view of the financial opera tions of the government, the Secretary infers ilie following conclusions, which he submits to tlie consideration of Congress. 1, That the existing revenue of the United States, arises, 1st, frdmduties on imported merchandize and the tonnage of vessels ; 2(1, internal duties, including the direct tax upon lands, houses, and slaves ; and 3d, the pro ceeds of the sales of public lands f but some of tnese duties ana taxes are pertnanently-impos-ed, and are limited in their duration. 2.r That, the following duties ;or taxes are either partially, or wholly limited in their du ration. istThe duties on merchandize and . 3,000,000 1 tonnage will be reduced one hair on tho 17th ot debt, in any other part of the union. causes, real or imagi nary, differences in "the rate of exchange arose between the several districts in the same state, and the embarrassments of the Treasury were more and moreencreascd : since congress had not sanctioned any allowance on account of the rate of exchange, and the amount ot the le gislative appropriations was the same where ver the legislative objects were, to be effected. But the Treasury Notes rpartook of theT ine qualities of the exchange in the transactions of individuals, altliough the. Treasury could only issue them at their par value. The public stock, created in consideration of a loan, also down the side of a hill, by which accident se veral of the passengers were much bruised, and one so severely injured by the kicking of one 01 VGVnm enennhci f .n,r'.A navmmts. " wheel hordes, as 10 cause 111s aeain on A Wea Ldn. We understand, T.(j the Trenton, New Jersey, paper,) that a Sea Lion was lately caught in Cape May.. . He had come on shore to sun himself, and was espied by' one. of the cilizeus, whose little dug, by attacking and I retreating fromiherroonsterr drew him so far from the water, that his retreat wa cut off, and tie made a prisoner. He was takento PhiaaelphTalo;bei1ibiledlorthe piibl ie, aliro,' bu died i u a day or two, He'is said to have weighed! about three hundred weight ; adlto havc ieen extremely .wldand.r ferocious. - ;' . -i - ' X 4' s
The Raleigh Minerva (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 22, 1815, edition 1
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