Newspapers / The Raleigh Minerva (Raleigh, … / Jan. 19, 1802, edition 1 / Page 1
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...1.1 MINIMA G --P ub Li 8 Kto ivZM T UESDAY "B y H ODGE W BOYL Att myjivt milingsperttar, E P O K rtJf THE 'K'"-'-' (CONCLUDED) .n. l r.rnrrHa Of the dutlCS on portage mar not be efttedt lefs than, 5o,coo dollars. 1 he divi derds on bank (hares, at the rate ot eight per cent dividend, amount to T;n Allans, bat. aTtbe:ftarel rhemfelves may eventually be want- ed, as a reiounx iu v ringent demands again!) the United States, thole dividends, .although conflicting a part of, the revenue, unlefsit fhall be found neceflary to fell the ftock, and the incidental or temporary revenue, lhall be omitted in this eftimate of the permanent re venues. ' ' k . Thefe, therefore tftimated irt the -whole at.jjSo,oodp. ?iz. v - - ' , - tonnage, - : 95Soli?, Internal duties, ltamp8 ex- . cepted, "5?0?5 Proceeds of the falcs of ' v. public lands, , . ( - 400500 Duties on pblfej' 4 J; yA ir temprarirtfourotr of tit UnitiS dhttet, art t . .. ' 1 ft. The proceeds of thi (lamp duties for the! 14 months 1 from the 1 ft January, 1802, to the 4th Mardi, 1S03, which under the txiriinsi law limit their continuance, - - - r-.-r-. dollars, 260,000. zA. The balance due on the direct tax The amount paidin the.Trfta futy to the firft iiulanT, fo f;u-a8 tile fame can be afcertained, was 1,445,000 dolors, leaving au out- INnIJniy film of 7CC.00O dolklS t tmtrthrrfetttH hamaWe with alllh'c expences jot collection, tui mated, at the rate of 7 per' cent, at 14.0.000 dollan the teal balance is only aoouni oijjwwu uuhsu, a lays and perhaps an eventual lofs may be expefted on the M part of the collection, it. would net be fafe to eflimate the. amount which will probably-be paid in the Tieafury, at inorethan4?'o,boo dollarf. " 3d. The proceeds of fales of pub lic veffels -Fifteen veflels have been fold under the aft of lafl feffion Of Congrefs for 275,676 dollars and 72. cents ; of which fum, 8 6,412 dol lars and eighty three cents, had been paid in the, 30th ot September lafl, leaving an outftanding . balance of 1 89,354 dollars and ninety cents. Ath. I he excefs of fbecie in the treafury beyondthe fum which it is prudent to keeiaere,; may be e(H mated at about 'ae million of dol lars.' ' ;-': l; I ' 5th. The fhares of the bank of the United States, owned by the United States, -are at '33 tper cent, ad vance worth 184,000.., Thofe feveral items, - eclafiTely of feveral balances due by individu al and a part of which will eventu ally be received in the treafury, eon ftitute a fum exceeding three milli ons of dollars. ,and may, for the . prefent, beconfidered refources fuf- ficient to meet the demand againft the United ;btate3, which may be e ventually payable ,on account of the iixth article of the treaty with Great Britain, and of the ' article of the'eonrention with France. The. permanent expenditures of . the United States . relate, either to the current expences of government, doineft Io-of foreigiviyi 1 jOtitti lita y, or to the paryment of the inter ft and principal of the public debt. "Aue elina,:eS appropiiations -for the enfaingyear, amounting to .448,147 18 cents include all te xpences of government, other than Thofe hi xelatbn to the public debt, with the. exception of thofe incident to-the lotercourfe with the Barbary" powers, elliuiated alter the enfning year, by the iecretary of late, at , j .. ' :r- 1 U o U f January 19, . isoz. ..--.- . r. , . - . . - - e incurred tor the ourchafebf arriis, elUmated by the lecre tary of war, at 5,ooo dollars j and ot a part or tne fndian annuities, amounting to 1 1 ,000 dollars ; thefe items having been omitted in the eflimates of the enfuirig year, becaufe the balances of unexpended appropriations "avc been confldered as fufficient for thofe objects by the fecretaries of ftate and war,'refpeaively. On the other hand, a fum of about 70,000 dol lars, in relation to the cenfus and quarentine" laws, which -is incldded in thofe eftimates is a temporary ex penfe. ' . The particular fums which, under exiftins laws, feem neceffary to de fray each particular authorifed ex penfe, being detailed in the annual .'eltintatefii. will not be repe.ited.herc : rand itappears lufficient to recapitu late the groii amount ot tne geiierai heads of Expenditure, viz. Fpr all domeftic expences : of a civ'if nature, includ- . . ing thecivil department, and all the mircellaiieouj items oithe lightQu(cSf djttabhWHti' of the futveying depart- ment, of pennons, claims , and contingencies, 7$o,ooo jfor ill the expences of in- tercourfe with foreign nations, including thofe of the diplomatic depart--Jinent, thole incident to the profecurion of claisiis ' . and to the protection of Teamen in f oreigii coun- tries, and thofe in relati- - on the liarbaiy powers, 200,000 For the military eftablifh t mcnt, including: aif the;' " expences in relation to - thearmy, to arfenals and macazineEi to the fabri cation and purchafe of arms and military ftores, to fortifications, and to the Indian department. 1,420,000 For the navy 'department, 7 including all the expenc- ; es in relation to the fhips kept in commiffion, or laid up in ordinary, to the buildingcfnew fhips, and to dock yards, i,ico,oco 3,500,000 . Making altogether thaStUnilBonaJ d five hundred thouland dollars, I an which turn,' deducted from the em mated revenue ot ten millions, and fix hundred thoufanctrdolfars, leaves a fum of feVen millions and one hun dred thou fan cl dollars, annually ap-1 - 1 1 . f 2 1 plicable to tne payment or mrereu x redemption ot the principal of the public debt. " .- " . It mult be further obferved, that the funis aifigned to each head of expenditure, being deducted from the eltiniates of appropriatiojis- ne ceflary for the'enfuing year ; and thefe have been calculated before the rc-eftablifhment, of peace in Europe was known, they are predicated, for every item. which Relates to fupplies, on the then 'exiltirigr prices. A con siderable reduction :wjll take place in every item, which depends on the k price of provifions, freight, tranf- oortaiion & even wages. Altno tne laving thence arifmg, cannot yet be correcllyafcenaTneditmaynoi be cf timated at lefs than 200,000 dols. an nually. It is therefore believed that, after defraying every expeoce necef lary to fupport every civil, military, or naval eitablifhment, to the extent now authorifed by law ; the annual furplus, applfcable to the debt, may be confidently ellimated at feven mil lions, three hundred thoufand:dols. 'J he ' ftatement Pj exhibits the a mouht of-the'" unredeemed principal of the public debt as it will be on the ift of January next, and of the ap JiualjnAteteft and charges payable;' tnereoH;', inciuaing ine annual jreim-, burfement on thfe fix per cent and de ferred rtocksV' By the nrinted ftate- ' ments cf receiprs and, expendir ures tor thei year tco, -tranfmitted to Congrcte jhe firft weekof the prefent' feffion ;, ' it appears, that the unre deemed principal of the public debt (exclusively of the Turns palfed to the crediLjif 'the commiffioners of the finking - fond, which are only a no minal dffHt due by the United' Srates to themMves ; and alter deduding the reimbursement of the principal of the Its: per cent ' ftock, operated' by the annual payment of 8 per cent on the, nominal amount of that ftock amounft!, on tle ift of January, 1801 to 80,867,207" dollars arid 60. cents. ." ' ' . ' , By the ftatement P3 it appears that the unredeemed principal will, on thrift of Januiry, 1802, amount to 778$ 1, 8qo dollars and 09 cents ; the -wfference of" 2,274,3 17 dollars and 31 cents being the" -amount ; of principal paid during the year i86t. During the fame year i'Soi, more than 800,000 dollars fliall have been remitted to Holland, in part of the intere.'t & inftalments on the Dutch debtj falling . due next year : which Turn is ftot hicluded in the amount of "pflncipal, thus ftared to, have been paid during the prelent vear. The Turns which, on the ilr,;n. 1801, had been remitted to Holland, in part of the infeieft and inilalments during the courfe of this year and i which -were not deducted from the amountot'pub'.ic debt on the 1 ft Jan. 1801, did not exceed coo.000 dol- t Jairs The amount of debt aftually pa;, arioTj me payment ot wnicti pwifwik fhall have, beea made dur ing the prelent year -will not there fore be lefs t han 2,500,000 . dollars. And it is believed, thouah it cannot at prefen t be precifely afcertaijied, tnat t.ie oaiance or ipecie in the J rea fuvy, which, on the firft of lanuary i Soi, was 2,557,395 dollars and .cl, wiu nu uc utinmiiueu on tne lit of January 1802. l'he i'rcafurv accounts bcinnr "fet tled to tho'. 30th day of September laft, the' amount of public debrpaid during the half year, commencin on tfie firft of April, and ending on the, 30th September 1S&-1, as well as the comparative view of the Treafu 'f J. r; J1 , -V? i ff ,? t 1 " ' bL 1 ' C lht' ry ,at. the commencement, arid rnd ed. The payments in part of the-principal of "the debt, mad? during thofe fix months, exel lively of certain parts of the unfunded debt, which have been reimburlecl. have been, - ill. To the comtniffioners of the finling fund, and to be by them ap plitl, on the firit of Janu iry next, to ihe rcimburfemcnt of the fix per cent itock, Dolls 12Q.048 38 2-d To the bank of the J. . States on account of the principal rf fun dry temporary loans, formerly, ob tained from that inftitutiou, 560,000 3d. For remittances .to Holland, on account of the Dutch debt, 782, 66c dollars & 70 cents : from whic h deducting 245,980 dollars and 50 ccius utnig inc inrereit ana com:iu- lions tor one halt ot the year 1801. ,ori mat acot leaves paid on account ot the principal,-.; , 55,6.85,23 qui. JjVjiiCUCCC OI pUD- lic paid debt for lands,L 21,28 2 66 1,187,016 78 Amounting altogether to 1,87,0 1 6 dollars and 78 cents. . " The balance of fpecie in the Trea fury amounted, on the fifft of April, i&oi-f to 1, 749,044 -dollars aridj8? cents, and ot the firft of Oclobe 'i 801, to 2,94033 dollars and 73 Vol. VI. Num. -30a Cents, making & difference ih fairdf of the , 1 rcafury,ot i , 1,5 1 ,093 d,ollai $ ; and 83 cents j which, lalt fum add.- -. " ed to the above ftated payments ori account of the brincipal of the debt, makes an aclual difference in favour of the United States of 2,110,010 1.11 -J ft- J ... t,J .1 r- uouars auu uu cenrs , aunng tnpie months - The principal of the public debt unredeemed on the firft of January; 1 802, is in the. ftatement, P ar, ranp,cd under fourheads viiz.. . 1 (t. Six per cent & deferred flocks. The nominal amount of this debti 41,879,525 dollars 33-cents, and the eight per cent annuity, applicable to its interelt and reimburfement of principal,' amounts to 3,350,382 -dollars and one cent. As by the ef-' fed of this annuity 5,02 7,740 dollars and 57 cents of the principal. Thall have ocen reimburfed on the firft of lahriSofj'the unredeenred princi '" pal of that debt will on that day be . . only -5,85.1,784 dollars & 66 cents", '1 he i'ntereitj at the rate of. fix per cent, on which 2,211,107 08 The part of the 8 per cent annu ity at prefent applicable to the re demption of the principal is there fore, -1,19,254. dollars and 3 cents, ana mcreanng eacii 3'eaT at com pound intercft, lhall, without anv further pr. vifion, have difcharged the whole ot the deterred debt in the year 1.8 1 8, and the whole of the de- ien ed debt in the year 1824, ' d I hree per cent ftock amounts to dollars, 1.9,07,705 . 63 And the iuterefton ' the fame to 572,301 16 No provifion has been made for its' redemption, occafional paynienfs tor lanes exceptea. . - '; : ;:-r 2d. All the other domeftic ' debts" created under the prefent govern ment of the Union, in order either to dil charge other debts, or to meet certain extraordinary expences. Thofe include the five" and a half, four-and a half, navy fix, 1796 fix, and eight per cent ftocks, and the temporary loans obtained from the bank arid amount together to dollars, 12,035,400 The intereft on all thefe. conftitutes an item of 828,350 50 4. The foreign debt due m Hol land, and at Antwerp, amounts, in cluding premiums and gratifications, . to dollars, 9,915,000 ( The intereft on which commiffions and charges included,Jis for the . year 1802, . 470,931 T his laft debt being payable in in ftalmBnts, at certain fixed dates, -and it being neceflary to purchafe remit tances. in America, near fix months before the", payments are made in llodand 1 the ftatement fH j has brcur added, to fhew,. the payments, both on account of principal' and in tereft, which becorneannually due. in Holland,-' - until the final redempti on of the 'debt in 1809 ; and the -fums v$ich it will be neceirary every year to provide :in America, in or- . der to meet thfif payments. 'J he greater partt'-thi8debt becomes due. in the courfe of the five next en.'uing years; and the annual payments, on account of principal and intereft f or . that period, exceed, on an -average, two millions pf dollars. '1 he inci i vcnience.arid difficulty of 'procuring remittances to that amount, and the. real injury arifing from ;uch heavy difburfments abroad, render an, e- ,.; tenfion of the terms of-paymeiu, bt, parial reafons.,,a de f re al 'e,,pi j. c"1 and meafures have betn tf ; certain itspradicability ' , z1-":- ipomo rtrntffi I tf .Tf f ' ' nount of payments V, -, : place, during" the H . (Sethh r
The Raleigh Minerva (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 19, 1802, edition 1
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