1 f
-1
" 1
' U. S. Finafices.
annual1 treasury report
i Transmitted to both Hotise of Congress November 23d.
Tn obedience to tne directions of the, " Act supplementary to
the Act to establish the Treasury 'Department the Secretary
'of the Treasury respectfully! submits the following Report and
Estimates. -:i " - ' ' V ...
' - ' - ... . i REVENUE. " -J
iJnn tmm datiesunon im Darts and tnrinatrp'
internal duties,direct tax, public lands, postageand incidental
recejptSjXianngineyeai jvi v
I - - f .. 1 ......
j From the lstof January to the 30th September,
j 'Ty notes and 3 per cent; stock j20,000) issued,
added to the public debt, as appears by state
ment (3) the amount of r i ;
VI7
Customs, !r tjf .-709,7(0 71
Internal duties, IJi .. 4,396,133 25
Direct tax y. ; t ( i ' ; 2,785,343 20 .
Public laf-Js, exclusive of JMississip- - j
i pi StolT ; - 'i - ij; r ; 1,754,487 38 ,
Potase anff Incidental Receipts . 237,840 53 J
2437,993)08
And that which accrued -irom the same sources
during the year 187, amounted t6
VIZ J . ; . ' - I . ; ,4
Customs (see statement A) j ; ! 17,547,540 89 :
Internal duties and direct tax; (see :;:! " - I
. statement B) .; ' J f 4,512,287 81 ' ' '' .
Puolic lands exclusive of 'Mississip- . - '' ' ..- I , v"
pi slock (see statement C).l 2,015j977 I ,. ,
Postage and incidental receipts f j 312,187 38 v
It is ascertained thai the gross amount of duties on rnerchn
dize and tonnage, which havr ar.rniprt ikirirto the thaaa firct
ters of the present year, exceeds $2 lo5o,000, and that the ? sales v
lu i il-vli tan A c I if rinnr ttia !co
v hii. jjuuiiv uui iii iiu; juuu jjchuu Call CACtTILi. JUlll 111
iiuciuuiy ami vaiuc, inoseoi trie corrqsponanig quarters ol tne las
Thepay rnems into tbb Treasury during'the three first quarters of
tlie year, are estimated to ajuount to. . )$l7.9iQ7i6Z'2o
viz : l "A '' : ?: "j . ; '.J;v1 ' ' -; "I
Customs, ' y : ' P : .'13,401,409 65 . ;
Internal Hevenue and 'direct tax t '993,574 36 h j
Public lands, exclusive of Mississippi ( j:
Interest upon bank dividends x
Postage and incidental receipts
Inpayments into the Treasury
525,000
49,438 19
322,708 86
And the payment into the Treasury during the
' JLIUI I juai it lilt v y uuui nit, ootniv ouui vCj
are estunateu at i; -
5,000,000
22,167,S62.26
Making ttie! totaVamoutpStimated,tql3e received
into the Treasury during the year J 818
V hich adueu to the balaitce in thei .t reasury on
the first ! dav of January I last' exclusive w
$,809,872 10 in Treasury jNotes amounting to ; 6,i79,8S3 3 8
From which deduct the amount of
stock purchaseP and " redeemed
during that period, per statement
14) . :
And also estimated a-
mount of the final
reimbursement of
tHe. old 6 per cent.
i stock i
And the estimated re
j imbursement of the
I deferred 6 per cent,
stock
73,793 49
,...,1 s -
99,181,14244
415,993 87
709,312 03
230,401 76
939,713 79
. 1,355,707 66
Making on that day, as appears by statement (3) ;' " --
the aggregate amount of j , 97,825,434 78
Since the 30th SeDtember, there has been redeemed
ir i x
or provision Tiaue ior me reuempuon pi a moieiy
of the, Louisiana stock unpaid on, the 1st Octo
ler. 1818 ' 4,977,950 00
And there will be reimbursed of the . :
deferred 6 per cent, stock, on
the 1st day of January, 1819, by '
estimate
252,09163
Hue at this time by the purchasers, would j inents ihave been made, within tte '
initifv a tnnrli h?crlir pttimnfp nf thf I first almVft-mpnt?rtro1 rcMQ
v j j a t.' ,ttUI""ni to ttf
-5,230,041 63 !
There will remain unredeemed by estimate, on the
tirst dayot January, 18 19, the sum of
i . .
By statement (5) the Treasury Notes which are
j yet in circulation, are estimated at
By statement (6) it appears that the whole of the
4Wiiius maue oy ine commissioners appoinxea
under the several acts for indemmfying certain
claimants of public lands, amountto .
i Of which sum there has been received at the office
I ( i
of the Commissioner ol the General Land Office,
as appears by statement C, the sum of
TJeaving outstanding at the date of the several re-
turns irom the land districts, tne sum ot
92,595,393
, , 1
297,506
15
00
4,2S2,15l 12
1.026,684 00
Makes the aedresfate amount 6f
The application of this sum, for tlie year 1818, is
To; the 30tx September, the payments (exclusive
of $9, 148,23. 7: 40 of Treasury iNotes, which had
been drawn 'from the Treasury and cancelled)
have; amounted, toj .J 16760,337 05.
Civil, diplomatic and , .
miscellaneous ex ,
p-.ices,. 3,289,-806,:23
Military service, in-
cln'ding..arrearage 5,-620?2G3 l08
Naval service includ- ' ,
iw the permanent , i ,
appropriation for ?
tliegradtmUncrease ti
of the Navy 2,333000 .
public debt exclusive " ;v
of the $9,143,237 ' ' j
40 ctsvcf Treasury . t
Notes which have" '
, been drawn out of . , t
; the,. Treasury, and' ' i- ' i
cancellwl . 5,407,267, :69 .
During'tiie 4th quarter it Is estimated
that the payments williimount to . I 9,475,000
. VIZ f . . ,
Civil, diplomatic and mis
.ellaneoiis expenses,
Military service- ' -Naval
service
I Public debt to 1st of fan-
28,347,745 frl
3,255 467 00
520,000
l,L7f),000
575,000
uary, IS 18
7,205,009
3Iakin-jr the asrirrcffate' amount of
w- .W I.:'., i ,
26.235,337 05
A,iul leaving, on the Jstjaav of Ja'nuaiy, 1819, a ba-
lance in the treasury,; estimated at I 2,112,408 59
' ; ;!; ,J:".OF;lf0K-)PUiJLte DEBT.-" I
TI?G Public Debt which was contracted before the year 1812, and
winch was; unredeemed on the 1st day of Oct. 1817, as ap
pears by statement (Tnamoun'ted
v ri?;"1"' 5,ainFlu Huppears tnats the funded
dibt :antracted subsequent tq'"the,' 1st day of
January, 1312, amounted to 1 : u
6S,071,93
14
MakSng: together the agcegate amount! of -Which
sum airrees with the statempnt lnuan-n
deemed amount, on the. 1st day of October
jai as per last report, excepting the sum of L
I 4,iyj over estimated, and which has not
j been corrected by actual settlement;
lOn tJie 1st day of January there was added to the
( amount, for Treasury? Notes brought into the
a reaMiry ana cancelled, and for which the fol
a" m per cent. sfBck
99,907,721 43
In seveti per cent, stock
H
254,422
99,019
10
I-richdeddctiewnperceint.
And also the reimbnrm. , . V
T .'V-"- u old
made in tne Alabama territorv. in the months of Sntimhpr-LOi.
.. . U - , t ' - -, 1 i 1 ' .r 1 I'
l-tpoerand iNovember, ot which no returns have yet beet received.
fj tne estimates oj tne. ruunc tieveme and Expenditure j or the
' yearl8l9-. j -1
In the annual report of the state of the Treasury, of the 5th of
Pecember, 1817, the permanent revenue was estimated at $2 l
525,000 per annum ; and the annual expenditure according to
the then existing laws, was stated ai: $2 1,9 16,351 74. ly the
acts of the last session of Congress,; the internal duties -estimated"
at, ,2,500,000 per annum, were repealed, whilst the expenditure
was augmented to me'arly 25,000,000 ; and that of the ensuing
year- is estimated at not less than $24,515,219 76. j
jTlie apparent deficit produced by these acts and by the appli-.
ration t)f more than $2,500,000 to" the payment of the interest
andfederoption of the principal of the public debt, beyond j the
annual appropriation of $10,000,000 for that object, has " been
supplied by the receipts into the Treasury on account of the art
j ' ' , 1
rearage of the direct tax and internal duties, and' by the balance
of more than $6,000,000, which was in the Treasury on the firsi
ayoi January, 1 a 1.0. - j-; . . jij t j
These temporary sources of supply being nearly exhausted J
nip cipeuuiiuie ui uic jwi loiy um$ principally depend upon
Cite receipts;nito tne 1 reasury irom the p
that vear. As was anticipated in! the
fraction produced by the excessive importations of foreign mr
;handize during theyears 1815 and !1 8 16, acquired its greatest
It is presumed that the revenue which shall accrue during! thd
present year from imports and tonnage, may be considered as the
average anvount which will be annually received from that soured
justify a much hicher estimate of the
receipts ... from that, i important branch
of reveiine, if the mpst serious difiicul
ty, in makhig payments,, was not known
to exist. Tire excesisve issues of the
banks," during, the' supension of specie
pajTttents, and the great exportation of
the precious metals i to the East-Indies
during the present year, have prpduted
a pressure upon them, which, lias rendered
it necessary to contract their discounts
for the purpose of withdrawing from cir
cuiatidn a large proportion of their notes.
This operation, so oppressive to their debt
ors, but iridis pensably necessary to the ex
istence of specie "payments, must be con
tinued, until gold and silver shall' form a
just proportion of the circulating currency.
In passing thro this ordeal, punctuality in
the discharge of debts, both to indi
viduals and to the government, will'be
considerably impaired, and well-founded
apprehensions are entertained, that until
it is passed, payments, in some of the
land districts, will be greatly diminished.
The extent towhich the, payments into
the treasury, during! the year 1818, will
be effected by the general pressure upon
the community, which has been describe
ed, and which is thei inevitable conse-
, , - j - - j ---- i .. uuears OMhA
quence of the over-trading of the banks, ; State, up to December last) including th
nd the exportation of specie to the East j Bonus divided at that time was sixtv
Indies, aggravated by the temporary fail-; thousand; sey en hundred and thirty
ure of the ordinary' supply of the precious Dollars, & twenty nine-cents,
metals from the South American mines, 29.cts.) ; which sum was paid over to'tK
eaijnot at this' time b correctly appreciat- Public Treasury, in Money of the en'6
ed. Should it exceed what has been con- i sions of 1783 and nnri .1. Is"
i . . '-1 i .7 a uiereiiru
tjions must be diminished, the revenue en- rects.
larged by- new impositions, or tempory ! It will be pefceived
loans anthorised to meet the deficiencv. ' Statementjthat thv R
-, -. . .......vvvyio as Well 3
As the expenditure of the year 1820 jtlje-Disbursements of the year 1818 have
w?ll be greatly reduced by the irredeejabeen unusually reat; and that therefore na
able quality of the public debt, after the correct inferrence can be drawn from
redemption! of the remaining moiety of either, as the probable amount of the one
the Louisiana stock, winch may be effect- j or other of these hVms.in the course of the
ed on the 21stjday o October, 1819, a j year 1819 ; It is however within the recol
resort toteinporary loans, or to the issue j lt?ctron of all, that the Public Taxes were
of trWsury notes, to the amount of the ! reduced nearly one fourth hv th ,f
I ,1 : i ij .: 1 i- 1 I i , . . , , .j. J ,V-"V"J
uciicit;iicY, suuuiu anv occur, is neuevea
to be preferable to the imposition of new
taxes, which would not be required after
tnafyear. l
All of vhich is respectfully subtnitted.
WM. H. CRAWFORD.
Treasury Department Nov. 21 , 18 1 8.
one dollars, and fifty one and three fonViv:
ofaCent, (207,081,51 3-4)
for which are in the hands of the Coin
troller and ready for the inspection or
animation of the commitee ofFinar.ee
This Expcuditvre, taken from the stim
total above mentioned, will be found t
reave a balance of one hundred a j
twenty rW thousand" two hundred an A
thirty fourSollars fifty eight cents and
quarter, (125,234 58. 1-4) remaining t
the Treasury of the State, on the firstd
of November in the preaseht year sav
the first day of November 1818, yetto u
accbuuteH for. ,!
For a specification of theseteral ftem
fbrming or composing the Receipts aW
mentioned the Treasurer would ask leav
to refer to the Comptroller's Statement2
alreadyn the possession of the Membe '
of the General Assembly. s
The nett amount of the Dividends a
bove mentioned as declared by and re
ceiyed from the State Bank on the Shar "
held in it by North-Carolina (Ufter dedua
ing the interest retained by that corpora"
tion, as due to it under the Act of
on arrnnnt nf the unnairl f Cl . .
as the Law di-
rom the above
Nori Carolinii Legislature.
:USIOF.:COxMM0.NS. .
f! Friday, Nov. 27-.
- A message was received from his ex
cellency the governor covering a resolu
tion of the Legislatrue of Georgia relative
to runnihgor extending the boundary line
between the two states. Referred to a se
lect committee; consisting of Messrs. R.
the last Assembly : and of corP it , n
thence follow, that if the present Legisla
t'ire, shall think it xpedient to order ad
ditional improvement of any sort, or o
thenvise to authorise ah increase of the
usual Expenditure of the Government:
ail such increase or excess so ordered or
authorised, must necessarrily be bottomed
on and paid from the fund atpresent in the
Treasury 5 as the Receijxts of the newvear
will probably prove not more than com
mensurate to those expenses or disburse- 1
tnents already authorised, and which have
heretofore generally and ordinarily occur
red in the course of each successive year.
- The Banks of Cape Fear and iewbern
are paid in full for the shares referred.,
and set apart in them respectively for
II. Jones ' Alarum and ' " ?X-e act ot 1814 ; and
of this house. 7 - i-Mine Staie is nowm posessipn of the ev
ucuce 01 mac StOCR trom thp Rant- tf
s.
0 the revenue. I i j j Pavements to enquire mto the expedien-
It isasrprtainpfl that thp Hnnd talcm fr co,r!nffn(5ftc: kttJ! OI efteQtlllg an inland wafpr rnrtimi..
. . ... cuiuiuiv uuues. wiutil 1 - ,
were outstanding on the 30th day of September last, 'exceeded ' n tween the towns of Wilmington
U'-ll t(( . o1 tliQ ril.ojtntAth. .1 ... i i XIC
.jjujuuujvuv , aiiu 111, in.tipiiiuJ hit; iltasuiV. lHJiillfiai SOUrCC
aturdnu. Ann ft r v 1 . ..... f
lied for:
n, 5 cuoin m cam
anp 1 rl : j i 1 1
Fear and $400,000 to the State Bank- the Of Z t V 1 , ,
Reived tmm Ln?-n '5, "If . State Bank of North-
nstructiiiff the commit nn sW.l T- "'"'"'"j a niau sum only are unlnnsli. .
! . e C0B1!n,,teP M internal im- ed, and remain vet to benpH a,l H,. .
of revenue, during the year 1819 is ekimated
. f ublic L,anqs ,
'Direct Tax and Internal Duties
Bank Dividends, at 6 per cent.
First payment of Bonus, due by the
nited States .
.j Postage and incidental receipts .
at $21,000,000
1 ,500,000
'750,000
42o!oori
Bankof the-U- !
500,000
, 50,000
hyered : this will be shortly effected, and
that work and the' object of it thereby ac
complished, i i '
In course of the vear 1 81 R. thpr hv
been general meetings of the Stockholder J
of the Navigation Companies of the Itoan- ;
333,441 lfi
10041,162 53
si per cent, stock and deferred
between 1st Oct. I8ir, aiul in
January, 1818
800,830 OS
Amounting together rn
WTiich added to the balance in the Treasury on
. .I - . . .: -. . I - . - ' i
the 1st day oiJanuary, lbl 9 estimated at
JMakes the ajTsreffate amount of
The probable authorised demands on the Treas-
18 1 9 are, estimated
24,220,000
-
2,112,408 54
26,232,408 59
to a-
3G 31
!'.
Vi . ... .
viz.--,.
Civil, Diplomatic and MisceUfinpffk
ous expences . . .1? 1
jMilitary Department including the
Indian department, prrmanent
Indian anuuities. militarv Deri
sions, and arming the militia ! 8.666.252 85
Wt j. . ....... i ' i ' T
lavy Uepartment; including $1,-
UOOUU tor the gradual increase
of the navy I 3,802.486,60
ubuc puddings, and lor dischar
ging the demands of the Contrac
tors for making the Cumberland
road ,
ublic Debt i
I'or-building custom ( houses and
public warehouses at New-Or
leans and other ports ,
24,515,219 76
tawba Rivers : in all ofwhTrh tKo Cfnt
has been more ably & indeed much bet
ter represented than it would have l)eerf
had my other official employment noi in
vented that personal attendance which tJ e
laws require of the Public Treasurer, on
suui ucuasions: toi. Hutcbins G l u-
S26,644
10,600,000
T ? - ?teh s redeemed
: oa the 1st of January, lb!8, per stemenU 2I
amoootto i -.v V" V :
..5
il07,34rj 95 the
133,815 58
100,000
Which, being deduced from the a- !
mount estimated to be received
into the Treasury including the ;
balance on the 1st day of Janua- "
ry IS 19, leaves a balarice in the
Treasury on the 1st day of Janu- I
arV. 1820. of
in presenting: the estimate of receiDti fnrthp
necessarvfo nrpniKP that cm. ul : .1 e - .1
T yj r- "'touiu iwucicteiTeuirom me cust
oms is less than what, from the amount of the outstanding bonds
would, under ordinary circumstances, be received. The amount
2,717,188 83
sales of public lauds during the
last year, and the ium
h f ws:oucurred in.
pir. . (e from the committee on
the criminal code, renorfprl k;ii
thec.r mp.nfn,t;t iIIIET V m,au 0Ke? euse pe Fear, Yadkin andCa.
The annual report of the Public Treas
urer was presented and read.
TREASURER'S REPORT
T the Honorable, the' General Msem-
of the State of North-Carolina.
Gentlemen -As Public TrPasr r..-
hat tiXZ XV inH TT ? bha,f AeSXk
TH..fi, V- r ' , -tthe' T"easury of the Roanak I was present at thon
ding with the 31st of Octli , q. q v'' "r.n'e on ,he CaP Fear-Judw
tioBlheIiivldendMeclaredbyoT . t
several Banks on the Stort , ... . , aU, ' '.5? "tings much business of
in them respectively bv this itTiw . j Was transac ed as 1 a!ie'-
jBonus left divided declared the til. ' but "othi"S of
Barik ofNorth.rarni;S'1 f!?186 Pr'maI7 st was done, -to make it
IMonev or Proceeds of S,e?.w.Mtaito.rort
unappropriated lands larelv n 7,A "i i. "u ,y 10 tbe Legislature : and I
paidPfor.P The PrSeS !. Atilonl
and Lead procured, in time the i r.Z'- 1 ri; your time or
iWarby thisState,ad rs sold Tn I Aa-5al he : inasmuch
ketherwith seven thousand JoUarT Id" ReL T V"" and PJ-ehenme
danced by the War Department Tf the it tReP.0.rt Wl1' be "Aered to thfe General ..s-
hited States, towards thfC of our Mr" y' ?Ut delay Y Ae Comrois"
ia and other Claims groMn oL of . W s.oners of In and Navigation1 .- which I,
War. Andsundry 4'meuiw ArrSr ? . ""v P.robab'y'be 'referred to a
fa'.. SS?- .P Houses, who wil-
atiwi amount to two hundre r?A 5 , X '-u"s'ae' their duty to report in
thousand, nine hW a"d trtee IT "n' in.,reSard t0 r ar courses fen
Ials fcorW seven centn' tk eri- Progress, made and wMng
To this sum the Balance'' remain , '-;J lo'a "n'r0,l"8 ,hc "Ration pf tVm
the Treasury on the firTHirem"5',n -aDd ,be Pticability of further im-
hPr IQlT .wi ,1 J r iiuvt'iuenis. 1 ,
twenty two thou'sand Jo f K. to .me .""l? necessary .Mat I should
two dollars, and sixtv Se ZV IU"n,Fr Uiatthe State owes, nothing
Parted ! to he last Z AhT -S bUt 1Me meed it ; a, in
slim total of three l.udredindlT' " n"e, PrecedinS ear have the Sheriffs -thousand,
three hundred Tan? a?g officers acquitted
lars and in re. SlT'SS d': lv Willi sac'n distini.mhed failh-
a;
10 cents.)
Irom this a?srrerat U4r rkLu:.-
Possibly, on a final sPtt.pWnt nf ar-
counts for supplies, traggonage militia
I .V, 1
W.