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UL

TABLE O F ' C O N T E N T S .
'

Report by; Mr. Dallas on tlie Finances Eeport by Mr. Crawford on the Finances
Report by Mr! Crawford on the Finances
Report by Mr.'Crawford on the Finances
Report by Mr. Crawford on the Finances
Report by Mr. Crawford on the Finances
.Report by Mr. Crawford on the Finances
Report by Mr-Crawford on the Finances ,
lieport by Mr. Crawford on the Finances
Report by Mr. Crawford on the Finances
Report by Mr. Rush on the Finances Report by Mr. Rush^ on the Finances Report by Mr. Rush on the Finances . Report by Mr. Rush on the Finances Eeport by Mr. Crawford on the state of the




•

Page.

December, 1815
5
D.ecember, 1816
73
-^
,r
December, :i817
88
•
November, . 1818
lo
i
- ..
. December, 1819, 144
December, 1820
167
,. - .
December,, 1821
198
.December,. 1822 .217
; December,^ 1823
247
•December, 1824276
-^
313
December, 1825
December, • 1826 ^ 353
- ,
-~
:
December, 1827
. .-< . .
388
December, 1828
->
- . 439
Currency of the United States, in 18*20
481 .

' ^ '^^ w'

8 31

lSM:f;

," ;SEOIIE101K^?PF I I I E T R E A S I ^

•

73;

In obedienfce to the directions of the ^^^'Act'
to th^ act en^
titled an act to establish the Treasury &
Secretary of-the
Treasury respectfully submits the following report and estimates.
•

;••'••

• /'v

••','' .'• •

' ' ' R E V E N U E ; " ; -v^'.

' '• • /

. .'•' • '.< •

""

fi

fi-

y

•

The nett revenue arising from duties on merchandise and tomiage, internal duties, direct tax, public lands, postage, and iricidental receipts, which
iCGriiedduring theyear 1814, amounted^t^^
111,500,606' 25
And that which accrued from the same soiirces during >
' -.
he year 1815^ amounted to :
- . 1 ;' ; - ;.-••-; |4a,893gl9-Q2._
:_

' ' Y i z : : •':,-.•.,'.'.> , ' •.•• ;•.•;--/'• '•: • ' : / : ' J : ^ ; - . S f i {

fi)

V ' , , " - • . ; '''•-•;'••'

;;

.Customs, as appears by statement A |36,643,598 7T
: '
^
Internal duties;
/
do
, B
5;963,225,88-^ .
.x J
.Directtax •^"•-'^ ..- -./•do-. •;•• C"':'-^. 53723,152^ 25'^-^ ••-••••;••.•-•' ..••-.
Publiciands'^';; • -•••-••. • .^.Z--.: ,.fi: 1,287,959'28.^^."^^ ^^ • :-•../
'
Postage, and incidental redeipts,;. 275,^82 84 ' , / : 5
•, V ' :

: ''••.••..'"•• •^'''^•. ••-!;. •• :-:j49^893,210.'62.-.v:

./ -

The revenue which has accrued from the,same sources
,
.
uring the first three quarters of the year 181^^^^^ and that ' -..
^hieh. vvill accrue during-the remaining quarter, is esti- - > >,;', . v :
latedto amounttto - V ^- ' . r'
..138,650,000 00
" • ;

Viz.-

: •:•

/

•• ^ • . . ^

•

.;^

-

•-.

V

•

•'

•,'.,

•.;.;•...;

•

:;,,

.

Gustoms : - ,
- ..' $30,000,000 00
Internal dutiesv
: ,- 4,150,000" OQ/ ^
.
Direct tax (nett proceedsj V - • ^ ;-, 3,700,00(1 00- ' - ^,
Public lands (exclksive . of -receipts ••!•
- .
, in the'MbsissippiTemt6ryy^^^,. - ^,500,000,00; '
Postage^ and incidental receipts
\ -,
300,000 :00' ' ;
,:
..':.:• '•'\.

'

.,

•

;^
-,

' •-. " • ''-.fi'--'- "f 38,650,000 :.00:.--.. , ' ^-fi/fi

The receipts i n the Treasurjr from the same sources, .'^
iring the year 1816, are estiraated to.amount to ^ ^ - 46j900,000:00
. V i z / \ - . -

;

: . " ; .

• ^:.

Customs: ~f^..fi- , Direct tax , Internal duties
:,
Publiciands
Postage, and incidehtgil




•^;.-'

•.

", -. • • ^ ' -

••.• ' \

.

•.".;-..-

--fi--.,. - 36,000.000.00^^ '
:. 4,200^000 0O;
,
- ^ : - 4,900^000 00 / ' - . ; ^,'I^^^
receipts
^ - ; •' 300,000 00-^

.;•.

.

.

^46,900,000 QO;

-A
: :: •' ;•
\:" '

M

:

• : «'•,. REPORTS O F 'THE,^.., •. :v ;• ;

Receipts from Joans, and Treasury notes:
Loans undet the act of 15th Nov;, 1814,; $243,911 39 ,
Loans under the act of 3d March, 1815,^ ^ 318,675 52
^Temporary loans ^ ; -^
.V • ' fi . f 150,000 00

• • .; [181
.

Amoimt actually borrowed to 30th Sep-.
, fi • .
•>temherrl8f6
fi'--'
- ^ v -•• ^/ / ^-' '
712,586-91.. •
'• fif.
Treasury notes: amouiit issued prior to fehe^ . .
1st dctol^ei^ 1816, under the a^^^
. yfi
, fi, :.
; .\
/ ;Pebruary,'d815-: ['. f \ - \ - ' f i . fi ••.;•' . ,.- '' fi ^ •:•:/. ...;,,•.""•'•'•,•.-S'•'
Notes,bearing interest,-per
'
'
;
v ^
^
stalement.L'' .'-\' ^ - $4,274,800 00 • . • / ;
;, • /, : " ' • •
Small , Treasury , notes
;
>:
-• '
:
, - •.
,
, Iiot ; bearing interest---r'^ ^ , \ ^ ^
^
: ; ;
', :'.
' ,
. v\:
amount issued'and re;
v
. ^ :•
/
• -. j
..•..issued'- ••'••; - .-. ; •. -l.'5,773,165-00
^
103fl47,968:;,G0
,.• 10,760,554 :S
Miaking the total amdunt estimated to be actually rc;
ceived into'the Treasury during the ye^r 1816 Cash in the Treasury at the commencement of the year^
(including an item of $6,361,125 43 in'.Treasury not^^^^
'Which had been paid for duties ahd taxes-,
- .
-

57,660^554/1
^• .
^
13,106,592 ^
j

Making the amount-estimated to be actually received , ,
into the Treasury, during the year, including the sum h\ .
.
the Treasury on the 1st;day of January last
. - 70,667,147
The application of the moneys actually received into the Treasury, d
ring thei year 1816^will W a s follows: To the 30th September,;the pa
raentshave amounted to thefollp wing sums nearly:—(the accouhts bei;
not yet made up, the precise amount cannot be given:)
.; '
For civil, diplQmdtic,,'Wid'niiscellane ' -:
: '.
ous expenses ^ - ', , . C •,.;.; r-' -" - . $2,-359,404-99
MiUtaiy service (incliidihg an arrearage
.' ;. . '
/ .
of $11,212,560) •'
' - '••• ;-:•'/
:. .14,07S^9,'27:- .^^••^' •
\ Navalservice .••••• •,- •..,• ' -..., . •: -• ,;;2;707,009- 27'- ; \; '.-,',:,
Public debt, vi^: ;;
• '.••••.' fi^^-fi '
: ; - , / . ; •
Interest arid reimburse•^
'
•',
; ' . m e n t •-•,.; ;. ^^-;...:.#8,009,936'34".'
. ' '
^ ... . :~ '^
Reimbursement and in- - :
\
, ' • terqst of Treasury'; fi.,: •-••-•.•,• ': ' •;;..'.:'•• :..f:: ]•:.' J ' '
., .;;iiotes- '.. . - ••'• ;•-•'• 5,606,65.0;.24. ..>'••••/". - Ir.-'fi-y \-•-vfi• • ^ . "• -. :•• '• •'• •
^
- ^ — • 13,616,586 58 - • ••
- . . . . • ; . , • •-. :
. : •'••/
••'-:—^-^-----^$33v?|i.4Ii6
\ During the fourth quarter of the year the payments a,re ;.
- ^
estiniated to amount to' thfe following sums, viz:
,
V ; For civil, diplomaticj and rnisceliahe-:
,, ; \
'..'oiis fexpense3 . r,
. -•
- ", $750,000 00
, ,. '••'•.
Military service^ J : . - . ,. - ,
'» 2,450,000 00
Navalsemce
- >
- .
- 1 , 2 0 0 , 0 0 0 00.



SECRETARY OF THE TREASURY.

1829.]

75

T A R I F F OF RUSSIA—Continjied.
•

'

.

'

Articles.

-

^

..

•

N

,. .

•

-

-

,

'

-

IT. States Rbl. Co Dolls. Cts. noils,
weight. .

.

./

MANUFACTURES—^Continued. ~

;

Articles of fine steel ware, as has before been said of those in gold
and silver—prohibited. \
Manufactures of iron and. copper, ;
pldited—prohibited.
Iron and steel wire
-,..
poud 3 6 ; i k 1 35
Tin, not worked, of all sorts, in pigs.
rods, .and broken
-.
- poud 36 lbs. 0 25
If\Yorked--'prohibited.^
poud 36 lbs. 0 40
Zinc, in hinips
- /
poud . 36 lbs. 0 50
, in sheets
• Mercury or quicksilver . ' - poud 36 lbs.. 1 2 5
poud 36 lbs; 0 2^
Lead, in pigs or lunips
;.,
raanufactured as ballSjShot,
'
in sheets, and otherwise—
prohibited.
,v'
Bismuth—/?Ye. .
Metallic mixtures, ^ such as pinch• • -.
beck, similar, (fee, in cases, sheet,
poud 36 lbs. ^ .0 25
or ingots
- .
Books, printed, and manuscripts in
; • alllanguages, in sheets or
.' , stiched—/ree.
bound in skin, morocco, or
livre pound 1 0 10
otherwise ^

cis.

•

-

V

•

_
%

1 H

.96

".18|

,. iri-'

-

•

c

REMARK.—Previous to passing-books thro'
the cnstom-hoase, it is .necessary that they.
sbould be examined.. ,
'•• •

Blciiik.hooks—prohibited.
.
Maps—;/ree.
•
. ,
Paper, royal, for drawing
for printers ^eol'dand embroidered,
for playing cards
all other kinds not denominated—prohibited. :
.Sheets of paper for pressing cloths
Parchment
Vinegar—prohibited, fi.
Stones—/ree. Filtering stones—/ree. ' "
^
Mil], sharpening, and hones of all
sorts . '^, Paving stones sharpened Flints
' .



30
28 J,
37|
E!5f
93# • 8 8 ^ - :
,^*

n

\
\

-

18f

•

.

;, ITf,

•

• 7i
•

•

:

^

*

J
•-

. , '

'

^

•

V

livre pound
_ .
"'.__
-• -

_

0
0
0
0

.

/

•

15
30
25
15

Ui

.

221
18|
'

poud - 36 lbs. 0 40
livre pound 0 60

"i
30
45

1®TV
21T"O

,17^,
10^:
\_ ^^,'
"28| .
•42^^
^

...
poud 36 lbs. 0, .2Ueach each -0 ' 5 . .
3|poud 1 36 lbs. l o 20 1 • l ^ .

•if

3

141;

76

^

REPORTS O F T H E

]

By the same statement, it appears that the funded debt,,
contracted on account of'the late war, amoimted on that
day to
-•
... ., / - .
-$65,944,43
Making the whole funded debt on the- 1st of .January,
1816, amount to - -.
- 104,2'85,34
To which must be added temporary loans, viz: ,
Due the State Bank, Boston ' - $500,000 00
Curaberland Bank, Maine " 50,000 OO
• Banks in the District of Columbia -. . 175:,0OO 00
State of New York - ''
-. 350,000 00
' .• . . ' . " • ^
_z ^1,0.75,00
, Making an aggregate amount, on that day, of
- 105.360,34
. T o this amount there have been added, /bet ween the 1st
day of January, 1816, and the 30th of September, the^ .
following sumSj'viz:
' ^
,
^
Sixper cent, stockof 1814 -.-$292,80131
. Sixper cent. Stockof 1815 ' - •335,448 90.
, ^ Six per cent. Treasury note stock
58,245 78
• Seven per cent. do. '
- 4,570,621.00
: . : . '
^ 5,257,116 99:
From which deduct temporary loans
paid off
- • : -$1,025,000 00
Reimbursement of old
.
.
six per cent, and de"
,
,
ferred stock
-/ -846,639 76
, "
"' ,
>
..
-. \—
1,871,639 76
.3,385,47
Making the whole publicdebt on the 30thof September,
1816, as appears by statement C, amount to
•• 108,745,81
'. ~
'Viz:
— • •
/
^'.
.
Old funded debt
. - $37,494,267 01
New funded debt .- ,
- 71,201,55128^
^Temporary loan -:
50,000 00
$108,745,818 29
Add the- amount of 7 per. cent, stock, which it is esti-'
mated will be created during the last quarter of the year,
by iunding small Treasury notes .
-•
- . -. ;

>
520.40

Makes the estimat'ed, amount of the public debt ori the
1st January, 1817 ^ ^ - . . .
.
. . - 109,266,22
The subscription to the Bank of the- Uniied States, on
the part of the Government, will ereate 5 per cent, stock
to theamount of .
-.
.. - - 7-000,00
' ; Afid the compromise with the Yazoo claimants has' .
^
created stock to the amdunt of ••
/.
.
4,098,61



11.
8 6]

SECRETARY OF THE TREASURY.

77

Bat as the first is only an exchange for the same amount of bank capital,
will probably produce an excess of dividends beyond the interest
ayable on the stock, equal to the reimbursement of the principal before
ie expiration of the charter, and the second bears no interest, and will
robably be reimbursed by the sales of the public lands in the Mississippi
'erritory, during the three succeeding years, no further provision for their
itimate redemption appears to be necessary.

rhich

SINKING

FUND.

According to the existing laws, the sinking fund consists of a permanent
>propriation of 8,000,000 dollars per annum, which is vested in the comissioners of the sinking fund, to be by them applied to the payment of
e interest of the public debt, and to the redemption of the principal. Of
is sum, there will be required, during the year 1817, for the payment of
terest, $6,084,415 93; leaving the sum of $1,915,584 07 to be applied
the redemption of the principal of the debt. This sum, operating upon
3 principle of compound interest, will not redeem the whole amount of
3 funded debt before the year 1842. An attentive examination of the
e and progress of public debts in other countries cannot fail to impress
5 American republic with the necessity of making suitable exertions in
:iods of peace, to release the national revenue from so heavy an encumtnce. Although, from our happy form of government, and from our
tunate geographical position, we may reasonably calculate upon being
s frequently subjected to the calamities of war than has hitherto fallen
the lot of other civilized nations, yet reason and experience forbid the
pectation that we shall be exempted from its evils until the redemption of
s public debt shall be effected by the operation of the existing sinking
id.
By referring to the laws authorizing the several loans, which, during the
3 war, have swelled the public debt to its present amount, Congress has
iformly pledged the faith of the nation to provide sufficient funds for the
yment of the interest, and the redemption of the principal, of the debt so
iated. The time has now arrived when that pledge ought to be redeemIt is therefore respectfully proposed, that there be annually approated the sum of $2,000,000, in addition to the sum of $8,000,000, now
alicable to the payment of the interest, and the redemption of the princi! of the public debt; and that that sum be vested in the commissioners
the sinking fund, to be applied in the same manner as the existing sinkj fund. It is also proposed, that when the six per cent, stock can be purged at par, or the seven per cent, stock can be purchased at six per cent, preum3 or when a greater amount can be redeemed, according to the condias attached to the different loans of which the funded debt is composed,
in the amount of the sinking fund applicable to the redemption of the
ncipal of the funded debt within any one year, there be paid to the comssioners of the sinking fund the further sum of $1,000,000 out of any
>ney in the Treasury not otherwise appropriated, if such payment can be
de, leaving a balance in the Treasury at the end of the year of
,000,000; which additional sum shall be applied to the redemption or
rchase of the principal of the debt
is the funded stock which may be subscribed by individuals to the Bank
the United States is redeemable at the will of the Government, and as
Louisiana stock is to be reimbursed in four annual instalments, com


78

REPORTS OF THE

[1816.

mencing in the year 1818, the effect of the provision will be an annual addition of $1,000,000 for the succeeding six years, if the state of the Treasury will admit of its execution.
By the operation of the sinking fund, thus enlarged, the whole funded
debt will be extinguished within the term of fourteen years. In the present
unsettled state of the revenue, arising from excessive importations of foreign
merchandise during the previous and present year ; from the change in the
rate of duties imposed upon merchandise ; and from changes made in the
various branches of internal revenue ; it would be unsafe to vest the whole of
the surplus revenue of the present year in the commissioners of the sinking fund, as there is strong reason to believe that the revenue which will
accrue during the year 1817 will fall considerably below the permanent
annual expenditure, inclusive of the addition proposed to be made to the
sinking fund. That deficiency, as well as any other which may occur in
the two succeeding years, will be covered by the balances which it is estimated will be in the Treasury on the 1st day of January, 1817, and 1818.
OF

THE

ESTIMATES

OP T H E P U B L I C

R E V E N U E A N D E X P E N D I T U R E S FOE

THE YEAR

1816.

The probable authorized demands upon the Treasury, during the yea]
1817, are estimated to amount to
$21,751,797 57
Yiz.
Civil, diplomatic, and miscellaneous
expenses
- $1,765,513 03
Military service, (including an arrearage of $1,540,000,)
- 7,999.625 79
Naval service, (including $1,000,000
for permanent increase of navy)
- 3,986,658 75
Public debt 8,000,000 00
$21,751,797 57
Deduct war arrearages
Add for annual incidental expenditures not embraced
in the estimate
Making the permanent annual expenditure To which add the sum proposed to the sinking fund
Making, in the whole, an aggregate amount for the
permanent annual expenditure, until the public debt is redeemed, of
-

1,540,000 0(
$20,211,797
288,202 A20,500,000 0(
3,000,000 0(

23,500,000 01

The annual report of the Secretary of the Treasury for the year 1811
estimated the revenue which would accrue during the year 1816, under th<
modifications proposed by that report to the existing laws for raising* reve
nue, at
$25,600,000 01
Viz.
Customs
$17,000,000 00
Internal duties
~
4)500,000 00



1816.]

SECRETARY OF THE TREASURY.

Direct tax, (nett proceeds)
Public lands
Postage, and incidental receipts

79

- $2,700,000 00
- 1,000,000 00
400,000 00
$25,600,000 00

But the revenue which has actually accrued during the
year, is estimated, as already stated, at
- $38,650,000 00
Making an aggregate excess, beyond the estimate of the
year, of
#13,050,000 00

!.ast

Which excess has arisen principally in the customs.
By the same report, the money receivable into the Treasury during the
rear 1816, arising principally from revenue which accrued during the year
.815, was estimated at -$33,400.000 00
Viz.
Customs $21,000,000 00
Internal duties
5,000,000 00
Direct tax
.
.
.
6,000,000 00
Public lands
1,000,000 00
Postage, and incidental receipts
400,000 00
$33,400,000 00
But the actual receipts into the Treasury during the
-ear, from those sources of revenue, are estimated at
-

46,900,000 00

Leaving an excess of receipts beyond the estimate, of $13,500,000 00
The actual excess in the customs, beyond the estimate of
815, being
$15,000,000 00
In the internal duties, direct tax, and postage, there is a
eficit of
2,000,000 00
13,000,000 00
500,000 00

And an excess in public lands, of
Making, as before stated, the whole excess

-

- $13,500,000 00

The comparative statements just presented prove the extreme difficulty
iere was, in 1815, of making any estimate upon which reliance could be
•laced. The excessive importations of foreign merchandise, during the
>ast and present year, have but in a slight degree diminished that difficult
y. The revenue which accrued from imports and tonnage during the first
hree quarters of the year 1816 have averaged nine millions of dollars a quar3r; while that which will have accrued during the last quarter is estimated
t not more than one-third of that sum. As the redundancy of foreign
lerchandise in the country, which has produced this extraordinary reduc;.on of duties in the fourth quarter of the year, will continue to influence
he importations of the year 1817, the revenue accruing from that source
uring the year, probably, cannot be safely estimated above twelve millions.



[1816.

REPORTS OF THE

80

We must look, therefore, to the revenue accruing in the year 1818, as
the average revenue arising from duties and taxes of a permanent character,
by which the permanent expenditures of the Government should be regulated. From the facts in the possession of the department, the revenue which
will accrue during that year is estimated as follows, viz :
Customs
.
.
.
.
$18,000,000 00
Internal duties
2,500,000 00
Public lands
1,500,000 00
Postage, and incidental receipts
250,000 00
Making an aggregate amount of
- $22,250,000 00
In the year 1819, thefirstinstalment of the bonus payable by the Bank of the United States becomes due
500,000 00
Duringthe same year, it is believed that the claim of the
State of Georgia will be paid, and the Mississippi stock
will be absorbed by the sale of public lands in the Mississippi
Territory, which will give an additional revenue from the
public lands, for the year 1820, and for subsequent years, of
1,500,000 00
Making the revenue for the year 1820 amount to

- $24,250,000 00

Which may be estimated as the permanent annual revenue after that
period.
But the receipts into the Treasury, during the year 1817, are estimated
as follows: viz.
Customs
$24,000,000 00
Internal duties 2,900,000 00
Direct tax, (outstanding and receivable
that year)
2,000,000 00
Public lands
1,500,000 00
Postage, and incidental receipts 250,000 00
$30,650,000 00
To which add the balance in the Treasury on the 1st
day of that year .
.
.
.
.
.
10,000,000 00
Total ways and means for 1817
- $40,650,000 00
The expenditure for that year, as before stated, including
the proposed addition to the sinking fund, is estimated to
amount to
.
.
.
.
.
.
.
25,000,000 00
Leaving a balance in the Treasury, on the 1st day of
January, 1818, of
$15,650,000 00
WAYS

A N D MEANS

FOR

1818.

Balance in the Treasury, as before stated #15,650,000
Customs 12,000,000
internal duties
2,500,000
Public lands
1,500,000
Postage, and incidental receipts
250,000




00
00
00
00
00
$31,900,000 00

SECRETARY OF THE TREASURY.

1816.]

81

The permanent expenditure, including the proposed addition
to the sinking fund, has been estimated at

$23,500,000

Balance in the Treasury, on the 1st of January, 1819, estimated at -

$8,400,000

W A Y S A N D M E A N S FON 1 8 1 9 .

Balance in the Treasury, as above stated Customs
Internal duties
.
.
.
.
Public lands
Bonus from the United States Bank, payable
this year
Postage, and incidental receipts
-

$8,400,000
18,000,000
2,500,000
1,500,000
500,000
250,000

Permanent expenditure, as before stated
Leaving in the Treasury, on the 1st day of January, 1820, a
balance of
After which period the permanent revenue, as before stated,
is estimated to exceed the permanent expenditure taken as
the basis of this report, by the annual amount of Making an excess of revenue beyond the estimated expenditure during the next four years, of

$31,150,000
23,500,000
7,650,000
750,000
8,400,000

Applicable to such objects of internal improvement or national defence
is the wisdom of Congress may direct.
All which is respectfully submitted.
WM. H. CRAWFORD,
Secretary of the Treasury.
TREASURY

DEPARTMENT,

December 16, 1816.

YOL.

II.—6




6

REPORTS OF THE

[1816.

A.
STATEMENT
exhibiting the amount of duties which accrued on merchandise, tonnage, passports, and clearances ; of debentures issued on
the exportation of foreign merchandise ; and of expenses of collection,
during the year 1815.
Merchandise.

Tonnage, &c.

Passports.

Debentures
issued.

Gross revenue. Expenses of Nett revenue.
collection.

$38,068,890 30 $618,341 $15,932 $1,650,671 91 $37,052,492 26 $408,893 49 $36,643,598 77

B.
STATEMENT

of the funded debt of the United States, and of temporary loans, on the 1st of January, 1816.
FUNDED D E B T .

Exclusive of sums passed to the credit of the sinking fund :
Six per cent, stock
- $17,250,871 41
Three per cent, stock - 16,158,180 79
Deferred stock 9,358,320 34
Louisiana stock
- 10,923,500 00
Six per cent, stock of
179680,000 00
Exchanged six per cent,
stock of 1812
2,984,746 72
$56,755,619 26
Six per cent, stock of
1812, 11 million loan
7,810,500 00
Six per cent, stock of
1813, 16 million loan 18,109,377 43
Six per cent, stock of
1813, 1\ million loan
8,498,581 95
Six per cent, stock of
1814, 25 million loan 15,661,818 54
Six per cent, stock of
1815, $18,452,800loan 11,952,700 74
Six per cent, stock of
Treasury notes, bearing interest, funded at
par 2,481 63
Seven per cent stock of
small Treasury notes
funded
3,908,974 00
65,944,434 29
$122,700,053 55



1816.]

SECRETARY OF THE TREASURY.
TEMPORARY

83

LOANS.

Due the State Bank, Boston
- $500,000 00
Cumberland Bank, Maine
50,000 00
Banks in the Dis. of Columbia - 175,000 00
State of New York
- 350,000 00
-(a)$l,075,000 00
Nominal amount of the funded debt and temporary loans
1st January, 1816
.
$123,775,053 55
Deduct reimbursement of the old six per
cent, and deferred stocks, to the 31st
December, 1815, per Treasury settlements
(b) $24,341,990 68
From this sum deduct reimbursement paid on stock
subsequently transferred
to the sinking fund
- $28,748 02
And the difference between
the nominal amount of
6 per cent, and deferred
stock exchanged, and the
amount of exchanged
stock issued in lieu thereof
5,898,530 17
5,927,278 19
18,414,712 49
Unredeemed amount, 1st January, 1816

-

(c) $105,360,341 06

Nominal amount, as above stated, brought down

$123,775,053 55

S I N K I N G FUND.

The following sums are, in the Treasury books, passed
to the credit of this fund:
Foreign debt
5 per cent, stock
per cent. do.
4 per cent. do.

- $8,200,000 00
820,000 00
- 3,180,000 00

Domestic debt.
6 per cent, stock
3 per cent. do.
Deferred
do.
3 percent, do.
Exch'd 6 per cent, stockConverted 6 per cent. do.
per cent, stock
>| per cent. do.



1,946,026 92
698,555 41
1,005,179 83
6,482,500 00
6,294,051 12
1,859,85a 70
176,000 00
1,848,900 00

$12,200,000 00

8 REPORTS OF THE
Navy 6 per cent, stock - $711,700 00
Louisiana
do.
326.500 00
6 per cent, stock of 1812324,200 00

[1816.

$21,673,463 98

$33,873,463 98

(d) $157,648,517 53
NOTES.

(a) Amount of temporary loans unpaid, 1st Jan. 1815 Received into the Treasury in 1815:
From the City Bank of New York $200,000 00
Mechanics' do.
do.
.
200,000 00
Manhattan do.
do.
200,000 00
Mechanics' do.
do.
75,000 00
Bank of America
do.
75,000 00
Manhattan Bank
do.
75,000 00
City Bank
do.
75,000 00
Mechanics' Bank
do.
200,000 00
State of New York 350,000 00
Batiks in the Dis. of Columbia 175.000 00
Bank of Virginia
450,000 00
Farmers' Bank of Virginia 200,000 00

Paid oft in 1815, per public printed accounts
Amount, as above stated

-

-

$600,000 00

2,275,000 00
2,875,000 00
1,800,000 00
$1,075,000 00

(b) This is the aggregate of the several annual settlements predicated on
the quarter-yearly dividends, payable from the 1st January, 1796, inclusive;
and, after making the deductions herein stated, will, on the full payment of
the old six per cent, and deferred stocks, accord with their present nominal
amount.
(c) Unredeemed amount, 1st January, 1815
- $89,110,337 20
Additions in 1815:
3 per cent, stock 3 36
6 per cent. do. 1812
50,000 00
Do.
do. 1814 1,426,967 29
Do.
do. 1815
11,952,700 74
Do. Treasury notes funded
2,481 63
7 per cent, small do.
do.
3,908,974 00
Temporary loans




17,341,127 02
2,275,000 00
19,616.127 02

1816.]

SECRETARY OF THE TREASURY.

Deduct reimbursement of old
six per cent, and deferred
stocks in 1815
$1,566,123 16
And temporary loans paid off 1,800,000 00
$3,366,123 16
As above

.

.

.

.

.

85

$16,250,003 86
$105,360,341 06

{(d) Nominal amount, including sinking fund, 1st January,
1815
$139,832,390 51
Additions in 1815, including temporary loans
- 17,816,127 02
As above
TREASURY

$157,648,517 53
DEPARTMENT,

Register's Office, December 19, 1816.
JOSEPH

NOURSE,

Register.

C.

ESTIMATE

of the funded debt of the United States, and of the temporary loans, on the 1st of October, 1816.
FUNDED DEBT.

Exclusive of sums passed to the credit of the sinking fund:
Six per cent, stock
$17,250,871 41
- 16,158,180 79
Three per cent, stock
Deferred stock
- 9,358,320 34
Louisiana stock
- 10,923,500 00
Six per cent, stock of 1796
80,000 00
Exchanged six per cent, stock of 1812 2,984,746 72
Six per cent, stock of 1812, 11 million
loan
.
.
.
.
Six per cent, stock of 1813, 16 million
loan
.
.
.
.
Six per cent, stock of 1813, 7J million
loan
.
.
.
.
Six per cent, stock of 1814, 25 and 3
million loan
Six per cent, stock of 1815, $18,452,800
loan
.
.
.
.
Six per cent, stock, Treasury notes, per
25th February, 1815, funded
Seven per cent, stock, small Treasury
notes, funded
-




,755,619 26

7,810,500 00
18,109,377 43
8,498,581 95
15,954,619 85
12,288,149 64
60,727 41
8,479,595 00

71,201,551 28
127,957,170 54

86

[1816.

REPORTS OF THE
T E M P O R A R Y LOANS.

Due Cumberland Bank, Maine

.

.

.

.

$50,000 00

Nominal amount of funded debt and temporary loans, 1st
October, 1816
128,007,170 54
Deduct reimbursement of the old six per
cent, and deferred stocks, to the 31st December, 1815, per Treasury settlements $24,341,990 68
To the 1st October, 1816, estimated at 846,639 76
Deduct, as per last annual statement

-

25,188,630 44
5,927,278 19

Unredeemed amount, 1st October, 1816 -

19,261,352 25

-

(a) $108,745,818 29

Nominal amount, as above stated, brought down -

$128,007,170 54

SINKING FUND.

The following sums are, in the Treasury books, passed
to the credit of this fund:
Foreign debt.
5 per cent, stock 4£ per cent, stock
4 per cent, stock -

- $8,200,000 00
820,000 00
- 3,180,000 00
$12,200,000 00

Domestic debt.
6 per cent, stock - 1,946,026 92
3 per cent, stock 698,555 41
Deferred stock
- 1,005,179 83
8 per cent, stock - 6,482,500 00
Exchanged 6 per cent, stock 6,294,051 12
Converted 6 per cent, stock 1,859,850 70
4J per cent, stock
176,000 00
51 per cent, stock
- 1,848,900 00
Navy 6 per cent, stock 711,700 00
Louisiana 6 per cent, stock
326,500 00
6 per cent, stock of 1812 324,200 00




21,673,463 98

33,873,463 98

(6) $161,880,634 52

1816.]

SECRETARY OF THE TREASURY.

87

NOTES.

(a) Unredeemed amount 1st of January, 1816 Additions to 1st of October, 1816 :
Six per cent, stock of 1814
- $292,801
Six per cent, stock of 1815
335,448
Treasury note six per cent, stock
58,245
Treasury note seven per cent, stock
- 4,570,621

Deduct temporary loans paid off
And reimbursement of the old six per
cent, and deferred stocks
Unredeemed amount, as above

- $105,360,341 06
31
90
78
00

1,025,000 00
846,639 76

-

5,257,116 99
110,617,458 05

1,871,639 76
$108,745,818 29

(b) Nominal amount, including sinking fund, 1st of January, 1816 $157,648,517 53
Additions in 1816
.
.
.
.
.
5,257,116 99
162,905,634 52

Deduct temporary loans paid :
To the State Bank, Boston Banks in the District of Columbia
The State of New York
Nominal amount, as above
TREASURY

DEPARTMENT,

.

.

$500,000 00
175,000 00
350.000 00
.

.

1,025,000 00
$161,880,634 52

Register's Office, December 19, 1816.
JOSEPH NOURSE. Register.




INDEX
A.
Agriculture, promoted by domestic manufactures, 321, 405, 445.
how affected by the fall in price of domestic articles i n foreign
markets in 1818, 4S6.
Appropriations for 1814, gross amount of, 29.
Army expenses from 1st January, 1812, to 30th September, 1815, 15, 29.
in 1816, 74.
1817, 89, 111.
1818, 111, 198.
1819', 145, 198.
1820,: 168, 198.
1821, 200, 2:17; 234,
1822, 218, 239. 264.
1823; 248, 269', 276, 2 9 4
1824, 277; 301, 313, 332.
1825, 314, 339, 354, 372.
1826, 355, 379, 393, 418.
1827, 394, 426, 461, 472.
1828, 466, 473.
B,
Balance in the Treasury, 1st January, 1815, 30,
.1816, 74.
1817, 88,
1818, 111.
1819, 114.
1820, 169.
1821, 199.
1822, 217.
1823, 247,
1824, 276,
1825, 313,
1826; 354.
1827, 393, 472,
1828, 448, 472.
1829, estimated, 448,
Batik capital authorized by law, itt 181445-16-17, 481, 483,. 520.-,
of sixteen banks, in 1813-15-19, 523.
Bank credits, advantages and,,disadvantages of, consideredijy 491,492.
Bank, national,; establishmentr of: a, .recommendedy ^i 1 ,
Bank of England, suspended specie payments,.remarks, on, .491i
excessive issues;of, reduced the- rate, GT inteiest, 503.
F
B a n k + o f U n i t e d . States, .subscription, to the. sfockUof.the; k:90., .
a modification) of the f charter., of?, recommended;, 177.
its beneficial effects on the: fiscal) operations of
Government, : 446.-,
condition iof, the,'on: the':30th ^iSeMenaber, 1819,
481, 514.



528

INDEX.

Bank dividends, in 1817, 117
1838, 110, 155, 198.
1819, .184, 198.
1821, 199, 232.
1822, 237, 260.
1823,^ 292.
1824, 330.
1825, 337, 370.
1826, 416.
1827, 424, 460, 472.
1828, 473.
Banknotes, duty on, cease in 1816, 9.
in circulation in 1819, 482, 483, 518, 523.
Banks benefit the community, under certain restrictions, 487
Banks increased since the termination of the war in 1.815, 493.
should be restrained from excessive issues, and from issuing small
notes, 494.
Banks in the several Stales and Territories, condition.of.the, in 1819, 521.
specie possessed by the, 522.
Bounties and allowances.—See Imports.
C
Chesapeake and Ohio Canal Company, United States subscribe to the stock
of the, 447
Circulating medium, plan for improving the, 40.
Cocoa, a reduction of the duty on, recommended, 325.
Coffee, a reduction of the duty on, recommended, 325.
Coinage of the United States compared with that of other nations, 494.
an.increase and alterations of the. recommended, 495.
Colonial trade, remarks on the, 410.
Commerce, how affected by the tariff of 1824, 280, 319, 397
state of the foreign, in 1828, 442.
how affected by substituting a paper for a metallic currency, 509.
Cotton, exported in 1825-26, 361.
Cotton fabrics^ further protection necessary for the manufacturers of, 149,
325, 400.
Crawford, Mr., report of, on currency, 481.
Currency, report of Mr. Crawford on, 481.
of what it consists, and its condition, 482.
causes of depreciation in the paper, 484.
of metal and paper in circulation in 1813-15-19, 485.
when purely metallic, its effects, 488, 493.
how affected by bank issues, 489.
Treasury notes became a component part of the, in the eastern
States, in 1815-16, 491.
paper circulation may be beneficially connected with metallic,
491,493.
metallic, value of, compared with that of other nations, 494.
the issue of Treasury notes for the improvement of the, considered, 496.



INDEX.

529

Currency, the practicability of adopting a paper for a -metallic, considered,
497, 511.
constitutionality of adopting a paper for a metallic, considered, 504
estimated amount required for Europe, of metallic, 501'.
D.
65.
Debentures, issued in 1,813-14,
1815,
82, 95, 150.
1816,
95, 150.
1817,
116, 150.
1818-19-20, 179, 205.
1821,
225.
1822,
253.
1823,
285.
1824,
327.
1825,
367,
1826,
413.
1827,
451,
Debt—See Public Debt.
Direct taxes increased in 1815, 12.
a.reduction of the, recommended, 36.—See Revenue,
Discriminating duties cease in 1816, 7,
Drawbacks—See Debentures issued.
Duties on domestic manufactures, a repeal of the, proposed, 36.
table of existing, 46.
additional, on imports and tonnage, cease in 1816, 7,
a continuance of the. recommended, 38.
on stamps and refin.ed sugar, cease in 1816, 35.
on other articles, a repeal or reduction of, recommended, 36.
on. imports, an increase of the, proposed for the protection of certain
articles of domestic manufacture, 149, 204, 223, 252, 400.;
on fine cotton fabrics imported, an increase of the, proposed, 325.
on teas, coffee, and cocoa, a diminution of the, proposed, 325.
on imports, remarks on the credit system, in the collection of the,
492.—See Imports; also, Merchandise.
E.
Estimate of receipts and expenditures for 1815-16, 24, 29, 33, 35, 73, 78.
1817,
78, 80, 88.
1818,
93, 110.
1819,
113, 145.
1820,
148, 167,
1821,
170, 199.
1822,
202,218,
1823,
220,247.
1824,
250,277.
1825,
281,314.
1826,
318, 354.
1827,
360, 393.
1828,
396,412.
1829,
449.
Exchange, (foreign and inland,) rale of, in 1813-14-15-16, 484, 524.
Exchange, (foreign) how' affected by the depreciation of paper currency, 48*4.
by substituting a paper for a metallic currency, 509„

VOL. II.—34


530

INDEX.

Expenditures^— See Receipts and expenditures.
Exports for the year ending 30th September, 1822, .220. 222.
1823, 250.
1824, 280.
1825, 318.
1826, 360.
for the years 1822 to 1827, 397
1821 to 1828:, 442.
F
Finances, a review of the. in reference to the late state of war, 5.
state of the, in 1815, 24.
1816, 73.
1817, 88;
1818, 110.
1819, 144.
1820, 167=
1821, 198.
1822, 217,
1823, 247,
1824, 276,
1825, 312.
1826, 353.
1827, 388.
1828, 439.
Flour exported in 1825-6, 361.
Foreign debt'extinguished'in 1810> 20;
H.
Hamilton's reports on finances referred to, 445.
Hemp,- an increase of the duty on, recommended, 400,
I.
Importations into several ports, a comparative statement of the value of, 305,
gross amount of, in 1821 to 1828, 442.
in 1816, increased the rate of exchange, 484.
Imports, statement of the amount of duties accrued on, in 1813-14. 65.
1815, 82,150'.
1815-16, 95, 150.
1817, 116, 150.
1815-16-17-18,150.
1817-18-19, 179.
1818-19-20, 205.
1821, 225.
1822, 253.
1823, 285.
1824, 327,
1825, 367.
1826, 413.
1827, 451.—See
Merchandise imported,
Indemnity by Great Britain fof slaves, &c., amount of, 393.
distribution of the, 394, 418, 425.
Internal duties increased in 1S15; 12.



INDEX.

531

Internal} duties, repeal of some, and reduction of other parts of the, proposed, 36.
repealed 31st December, 1817. 148.—See Revenue.
Internal improvements, surplus revenues may be applied to, 81.
Iron, an increase of the duty on, recommended, 400.
L.
Land claimants (Yazoo) in Mississippi, statements of the awards to, 126,
166, 190, 216, 246, 275, 311, 345, 387. 431, 474.,
Lands—See Public lands.
Laws creating and increasing the revenue, reviewed, 8, 34.
repeal or modification of certain, proposed, 38.
a revision of the, recommended, 445.
Loans, additional, recommended, 75/ 149, 178, 204, 282, 317, 359.
receipts from, in 1812-'13-'14, 15.
in 1815, 26, 30.
terms on which obtained, 26, 53 to 64. 283, 306, 307,
receipts from, in 1816, 74.
1820, 178.
1821,199, 204, 217,
1822, 223.
1823, 283.
1824, 312.
1825, 354, 370—See Revenue.
M:
Manufactures, a repeal of the laws injuriously affecting domestic, proposed, 36.
table of the existing duties on domestic, 46.
a modification of the tariff, proposed for the better protection
of, 149, 204, 223, 252, 325, 397. 400.
promote the interests of agriculture and commerce, 324, 445.
domestic, exported in 3.S24-'25, 319.
1826, 363.
1827, 397
182,1 to. 1828. 442.
how affected by the fall in price of domestic articles in
foreign ports in 1818, 486.
Mediterranean fund, discontinued in March, 1815, 6.
Merchandise imported, (the quantity re-exported deducted) in 1814, 66.
1815, 82, 95.
1816, 95.
1817, 116.
1818, 151.
1819, 180.
1820, 206.
1821, 226.
1822, 254.
1823, 286.
1824, 347,
1825, 476.
1826, 433.
1827, 452.



532

INDEX.
N.

National bank, establishment of-a, recommended, 44.
subscription to the stock of the, 76.
National circulating medium, plan for improving the, 40.
Navy expenses, from 1st January, 1812, to 30th September, 1815, 15, 29.
for 1816, 74.
1817, 89, 111.
1818, 111, 198.
1819, 145, 198.
1820, 168, 198.
1821, 200i 217, 234.
1822, 218, 241, 264.
1S23, 248, 270, 276, 295.
1824, 277, 302, 313, 333.
1825, 314, 340, 354. 374.
1826, 354, 381, 393^ 420.
1827, 394, 428/464, 472.
1828, 469, 473.
O.
Officers and soldiers—See Revolutionary

claims.

P.
Passports and clearances—See Merchandise imported ,- also, Imports.
Postage on letters, increased in 1815, 12.—See Revenue.
Public credit, during the late war, state of the, reviewed, 6.
plan for improving the, 38.
suite of, in 1.828, 441.
Public debt, amount paid from 1st Jan., 1812, to 30th Sept., 1815,15,16,30,
amount unpaid on 30th September, 1815,19.
amount paid to 1st January, 1815, 22.
statement of the, from 1st January, 1791, to 1815. 47.
state of the. in 1816, 75, 82, 85, 90, 100.
1817. 90, 100 to 103, 111, 119, 135.
additions made to the, by funding Treasury notes, 104,146,160,
amount of the, on 1st January and 1st October, 1818,112, 120r
146, 160, 164.
in 1819, 147, 161 to 166, 185.
1820, 169, 186, 188, 200, 212.
1821, 201, 213 to 216, 219, 235, 243.
1822, 219, 244, 249, 265, 272.
1823, 249, 271, 273, 278, 296, 308.
1824, 278, 303, 30?, 334, 342.
when it may be redeemed, 283.
amount paid from 1st January, 1817. to 1st January, 1825,''284,
343.




INDEX.

533

Public debt, amount of the, on 1st October, 1825, 315, 341, 344, 375-, 384.
1826, 356,381,385 to 387,421.
1827, 390,429 to 431,465,472,
. 1828, 470, 473.
amount paid from 1st Jan., 1817, to 1st Jan., 1829, 440, 472.
amount unpaid on 1st January, 1829, 471.
Public lands sold prior to ihe establishment of land offices, 51.
from the opening of the land offices to 1814, 51.
from 1st October, 1814, to 30th Sept., 1815, 68 to 72,88,
receipts from, in 1816, 73, 88. 110.
sold from 1st Oct., 1816, to 1st Oct.,, 1817, 97 to, 99, 110.
sold in 1817-18,110, 118, 135 to 143.
1818-19, 145, 156 to 159, 191.
1819-20, 167, 191 to 198.
relief to purchasers of, recommended, 175.
sold in 1820-21, 199,<211, 230.
effects of the relief laws on the sale of, 202.
sold in 1823, 236, 247, 258.
1823, 248, 266, 276, 290.
1824, 277/297, 312, 328.
1825, 313, 335, 368.
1826, 376, 392,. 414.
1827, 393, 422, 457.
remarks on the credit system in the sale of, 492.
R.
Receipts and expenditures, from 1st Jan., 1812, to 30th Sept., 1815,16, 29.
from 1791 to 1814, 45, 73.
in 1815-16, 73, 88, 110.
1816-17, 88, 110.
1817-18, 111, 144,
1818-19, 145, 167.
1819_20, 167, 198.
1820-21, 198, 217, 233.
1821-22, 217, 233, 238 to 244, 247,261.
1S22-23, 247, 261,.268, 293.
18^3-24, 276, 293, 300, 330-1.
from 1st Jan., 1817, to 1st Jan., 1825, 284.
in 1824-25, 312, 330 to 352, 354,371,476.
1825-26, 353, 371 to 382.
1826-27, 392, 413 to 438, 451, 457, 460,
472.
from 1821 to 1828, 442, 448, 451,, 465, 473.
Revenue, state of the, during the late war, reviewed, 5.
laws passed in 1815 for increasing the, 12.
from what sources derived, and the amount in 1815, 12, 23, 30.
received from all sources, from 1st Jan., 1812, to 30th Sept., 1815,
16, 30.
laws relating to the several branches of, reviewed, 8, 34.

laws, modifications of, proposed, 36, 38, Mo.
http://fraser.stlouisfed.org/ improving the, 38.
plan for
Federal Reserve Bank of St. Louis

534

INDEX.

Revenuej amount of. in 1814-15-16, 73, 88, 96, 110, 144.
1817, 89, 96, 110, 117, 144, 167,
1818, 111, 144, 150, 167, 198.
1819, 145, 155, 167: 184, 198.
an augmentation of the, recommended, 149, 204, 223.
amount of; in 1820, 167, 184, 198, 210.
1821, 199, 217, 226, 232.
1822, 218, 237, 254, 260.
1823,' 247, 266, 276, 286 to 292.
from 1st Jan. 1817, to 1st Jan. 1825, 284.
in 1824, 276, 299, 312, 328, 3.30.
1825, 313, 335 to 337, 354, 368 to 370, 476.
1826, 377, 392, 413 to 416, 432 to 438.
1827, 393, 422 to 424. 448, 451, 457 to 460.
from 1821 to 1828, 442, 448.
how affected by the issue of Treasury notes, 496.—See Merchandise.
Revolutionary claims paid under act of 15th May, 1828. 466.
Rice, amount of, exported in 1825-6. 361.
S.
Salt duty, ceases in 1816, 9, 34.
a continuation of the, recommended, 36.
Silk, observations on the culture and manufacture of, 364.
Sinking fund, operations of the, to 30th September, 1815, 20.
rise and progress of the, 21, 39.
further powers necessary to the, 40, 77, ^
statement of the, in 1816, 83.
stock purchased by the, in 1817, 106 to 109.
1818,124.
1819, 164.
1826, 358, 382.
7 per cent, stock, to be purchased by the. 252.
operations of the, from January, 1818, to January, 1829, 440.
Slaves, <fcc., amount received from Great^ Britain for. 393, 460.
amount'paid, 461, 466, 472, .473.
Specie, effects of the suspension of the payment of, by banks, on the fiscal
.operations of Government, 12, 24, 40, 114.
payment-of, resumed by banks, 114, 490.
amount possessed by banks, and in circulation in 1819, 482.
causes of the suspension of the payment of, by banks, 484, 490.
an article of commerce, 494.
Spirits distilled in the United States, duties on, to be modified, 36,178.
importation of, to be prohibited, 178.
quantity imported.—See Merchandise.
Stamp duties, cease in 1816, 35.
a continuation of the, recommended, 36.
Subscription to the Bank of the United States, 90.
Sugarj quantity imported.—See Merchandise.
refined, duties on, cease in 1816, 35.
a continuation of the duties on, recommended, 36.



INDEX.

535

Surplus fund, unexpended balances carried to the, in 1815, 29.
amount applied to the payment of the public debt since
January, 1817, 441.
Surplus revenues may be applied to internal improvements, 81, 252.

Tariff of duties on imports, a modification of the, proposed for the better
protection of domestic manufactures, 149.
a revision of the, recommended, 204, 223, 252.
325, 397,
present compared with former, 304,
of 1828, effect of, on the revenue, 445.
'Taxes, a view of the several descriptions of, in 1815.12.—See Direct taxes.
also. Internal duties.
Teas imported, a reduction of the duties on, recommended, 325, 409, 445.
—See Merchandise.
Tobacco exported in 1824-5-6, 361.
Tonnage, amount of American and foreign, 111 1814, 65.
1815, 82, 95,150.
1816, 95, 150.
1817, 116, 150, 179.
1818, 150, 179. 205,
1819, 179, 205.'
1820, 205.
1821, 225.
1822, 253.
1823, 285.
1824, 352.
1825, 367,
1826, 438.
1827, 456.
1828, 443.
Treasury notes authorized to.be issued! in 1815, 13.
amount received from, in 1812-13-14, 15.
issued prior to February, 1815, and outstanding, IS,
may be funded, 19.
for what purposes issued in 1815, 26.
amount received from, in 1815, 31.
re-issued prior to October, 1815, 52.
estimated amount of, unpaid in 1816, 64.
issued, 92.
funded and outstanding in 1817, 104.
1818, 112, 125.
stock issued on, to 31st December, 1817, 121.
outstanding in December, 1819, 165, 187,
October, 1820, 189.
November, 1821, 215.
October, 1822. 246.
1823, 275.
1824, 310, 345,



536

INDEX.

Treasury notes outstanding in October, 1825, 316.
1826, 387.
1827, 431.
1828, 474.
constituted an essential part of the circulating medium in
the Eastern States in 1815-16, 490.
expediency of issuing^ as a relief from the general • pecuniary distress (in 1820) considered, 496.
W,
Wines, a reduction of the duties on, recommended, 409.—See Merchandise;
Woollen fabrics, further protection necessary for manufacturers of, 149,400.
Y
Yazoo claimants, statement of, awards' in favor of the, 126, 166, 190, 216,
246, 275, 311, 345, 387, 431, 474.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102