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TABLE OF CONTENTS,
Report'by Mr. Ingham on the Finances
Report by Mr. Ingham on the. Finances
Report by Mr. McLane on the Finances
Report by Mr. McLane on the Finances"
Report by Mr. Taney on the Removal of the Public Deposites
Report by Mr. Taney on the Finances
Report by Mr. Taney on Deposite Banks
Report by Mr. Woodbury on the Finances
Report by Mr. Woodbury on the Public Money
Report by Mr. Woodbury on the Finances
Report by Mr. Woodbury on the Finances
December, 1829'
December, 1830
December, 1831
.'December, 1832
December, 1833
December, 1833
April,
1834
December, 1834
December, 1834
December, 1835
December, 1836
Page",
5
85
217
283
337
377
451
463
557
687
679
627-
REPORT ON THE , FINAN-GES-.' .
'- .^DECEMBER, 1835.'^ -
Iri obedience tb the directions of the '^ Act supplementary to-the act to
estabUsh the Treasnry Department," the Secretary of the Treasury respectfuUy submits to Congress the following repoit-:
•
/I. O F T H E PUBLIC REVENUE AND EXPENDITURES.
The balancein the Treasury on the .1st of Januarv,-!833, . .
was
;v \ •-'••••:.•
-^
•- •; > \ . ^ >• f g^oii^rrr .55 .
The actual receipts into the Treasury during the year 1833,
from,aU sources, were - -
; ^ ;
33.948,426 25
Making the whole ambunt in the Treasury in that year - 35,960.203 80
The actual experiditures during the same year, including
the public debt, were. - :" ' "
- 24,257,298 49
Hence, the balance in the Treasury on the 1st ofJanuary, ,.
'
1834, had increased to. ^ •
' \-'
- 11,702,905 31.
In addirion to this balance, the receipts.from :all sources^
during the year 1834, were
- r
. 21,791,935\55^
Viz.-
From
Frbm
From
From
.Froiri
fi
•
\
' . •
'.
• .
These, with the above balance, made an aggreo-ate of •The expenditures during 1834,, ori all objects, \vere ^ .•
'
custonis
r
-^ '
$16,214,957 15
lands .; '-;, ^^ ^ - 4,857,600 69
dividends on bank stock, (kc.
234,349 50
sales of bank stock " . "352,300 00 ^
incidental items
- ;• • , ' •• . 132,728.21
Y\z.
•
•;•
•
-
• :
•
•
- .
;
-.^
••-
;
Civil list, foreign intercoiirse, and miscellaneous subjects
- 4,404,728
Military service, including fortifications, ",ordnance,: Indian affairs, pensions, arm. ,;
ing militia, arid; internal i;m^^
10,064,427
Naval'service, includin g gradiialiriipr ovemerit ..
3,956,260
Publicdebt ,
-, 6,176,565
This being an ex:c;ess of expeiiditu^^^
$2,810,046 89, a^
the ist of January,/1835, amountirig to only
•
33',494,840 86
24,601,982 44
"..•
•
95
88
-
42
10
.'
-
'
,
'
• ' •
-
..
-
;,
.
. .
8,892j858 42
638
REPOKTS OF T H E
[1835.
For the details of the receipts and expenditures in 1834, reference is
jin9de to the annual account thereof, which is this day submitted to Congress in a separate communication, accompanied, as will be seen, by similar
'details of the receipts and expenditures for the first three quarters, of the
year 1835, and of the whole esrimates for 1836.
The receipts into the Treasury, ascertained and estimated during 1835,
iare computed tobe $28,430,881 07: Of-these, the actual feceipts during
the first three quarters are ascertained to havebeen $23,480,881 07.
'"" ' Viz.
: " • . : . . . ;
From cnstoms - - \ - '
- $13,614,489 26
.
.
Fromlands'
.
. |
.
. ;^
9,166,590 89
From dividends on bank stock 506,480 82 .
.
From sales of bank stock ; - - •; 62,^800 00:
From incidental itenis . ;
,
,130,520 10
• _. :
j•.•.'. /
.• . ' . , . . - . ' . • $23,480,g81 07
Those during the fourtli quarter, it is expected, will be $4,950,000. ,
Thus, with the balanee on the 1st of Januarv, 1835, they form an aggregate of $37,323,739^49. '
'
'
r fi
The expenses of the whole year are ascertained and esti- ,
•mated to be , - . . ,-. : . .- $18,176,141 07
Of these, the expenditures during thcsfirst three quarters > '
are ascertained to have been - '
- . ~ - 13,376,141 07
Y
i
z
.
.
^
•
•
'
•
.
.
.
,
;
.
'
•
'
: •
•"
. . , ,
Civil list; foreign intercourse, andanis-<
•cellaneous^ - ^ .; , - : . - $2,827,196 ^ 16;'
Militaryservice,includingforrifications,(fcc. 7,555.819 41
Naval seryice, including, &d. - 2,929,219 39
Duties refunded
- ,
4,756 04 •
PubUc debt . .:,:;.;
,.
59,150 07
.
;
.
'•
•
^
13,376,141 07
Th^ expendriures for the fourth quarter, it is expected,
^—.-,:—,
wiUbe
. . ; - - . .
- ' ; 4,800,00000
Thusleaving onthe 1st of January, 1836,;(subject, however,
to the deducrion hereafter mentioned,) an ^estiniated balance of money on hand equal to
%-'
- 19,147,598 ^ 42
This includes what has heretofore been reported, as unavailable funds,.now reduced to about $1,100,000, mak- ^
' ing the computed available balance, on the 1st of Jariua^ry, 1836
"fi
-.
•; 18,047,598; 00On that are .already imposed by Congress the following, charges, by current and perm^npiit appropriations, whieh have not yet been,expended,
First, of former appropriations,'except thos towards the sinking fund,
it is supposed thatlhere^willn-einain unexpended, at the close ofthe present
year, thesum of $8,126,794...
'
Gf that amount, it is computed that only $7,306,765 will be required to
accomplish the pbjects intended by them ; leaving $344,707 to be applied in'
aid ofthe appropriatibns for the ensuing year, without reappropriations, (as
"will be seen ih the estimates,) and the balance of $475,322, xvhich has not
1835.].
SECRETARY OP T H E TREASURY.
689
been required, either at,all, or seasonably, for the objects contemplated iii
its appropriation, will, therefore, be carried to the surplus fund. .Secondly,
on whatis proporly embraced in the appropriations'towards the sinking
fund, there is an outstanding charge'of about $253.556,,-for unclaimed
interestand dividends on the funded debt, and of $37,233 for unfunded
debt.
'.
'
•
'.
> These, though chargeable on the Treasury, under exisUiig acts of Corigress, and subject at any moment to be demanded, are not ail likely to be
called for immediately, if ever. .
Compuring, however.-'aU the existing chargesof every kind on the Trea;
sury, at the end.of the pre,sent'year, to be about $7,595,574, the balance-of
available funds then on hand would, it is estimated, be sufficient to meet,
the whole at once, and leave, to be,hereafter applied by .Congress to new
and other purposes, the sum ofabout $10,,450,024.
. '
;
T h e next subject deserving consideration . is the action of this department,, since the last report, in relation to the fina;! extinguishment ofthe .
'
''
'
/
I I . PUBLICDEBT.
.
.:
'\ Before the close of the year 1834,, ample funds were deposited Avith the
United States Bank, as comrriissioner of loans, to/discharge all the public
funded debt which was then outstanding. r J
Of the funds so deposited heretofore, and still unclaimed;
by thepublic debt.ors,(there remains inihe possession of
^
,
the bank the sum of' -,
- - -. ,- -. $143,570 63
.Since the 1 st of January-1835, there has been paid from
the Treasury, of interest, and.dividends outstanding and •
'before unclaimed on the funded debt,-the sum of
-;
60,000.00
There srill remains of the same debt, due and unclaimed,
: ,
but ready to be paid whenever demanded,; an .amount
equal to about -,
'253,556,00
Similarly situa.ted is a smaU unfunded debt of S37,513 05, which may
hereafter be claimed, and on which has been paid, during the past year,
only ^' - "; - \ ;. -.fi'-' - f i - . . :-\
,--^
, $22000
It consists of claims registered priorto 1798, for services' . "^
and supplies during the revolutionary-war, equal to ^ 27,437 96
Treasury notes issued duringlhe war of 1812; - .
-- .
5,755rOO
And Mississippi stock
-.
• - ^. ." '- ,
4,320 09
I I I . T H E ESTIMATES OF THE PUBLIC REVENUE AND,EXPENDITURES FOR
\
THE YEAR 183,6.
-The receipts into the Treasury from all sources, during
the year 1836, are esrimated at ^
^ - $19,750,000 GO
•
V i z : ..•
' -
.
'
•
•
-
Gustoms
.,^$15,250,000 00
Publiciands
-,.
: - .
- 4,000,000 00
Bank dividerids and.miscellaneous receipts
-,
500,000 00.
T o which add the balance of aVailable funds.in the Treasury on the
1st of Janiiary,'1836, esrimated at^-$18,047,598, and. they raake together
the suni pf
- ;
. -' " - -, .. .$37,797,598 00
.630
-. • EEPORTS, OF T H E
'
[1835.
The estimates of "expenditures,; submitted for all specified
objects, both ordinary and extraordinary, for the service"
'
of 1836, and includiing the continsrent'forthe usual ex- ;
.;'; cdsses, are
,- ' • - , ; • - ^ " • - ' y '- $S3,133.640^ 00
The expenditures during that' year^, for specified ordiriary •
purposes, are estimated at only ' .
' ^'
,-.16,756,815 00
Thus the permanent and ne:w appropriations for those pnr;
poses, required for the service of that.year, are esti-';. •
' ^
mated at
- - -. , ' '' fi "
- 16,412,108 00.
Under'former appropriations, there is included in the esti• ' .• .
.' itiates for 1336, o'a sum proposed to be used for the'service of 1836, without ^re'appropriaripn, equal to - , -344,707 00And these two sums amount to the before rnentioned aergregate bf ;•
- . .--.
r ' - . - - ..^ ..-^16,756,815 00
They, are'divided aniong the different branches of the pub- ^
lie service as follows, viz : new appropriations for civil, ' ..
foreign'intercourse, and miscellaneous items ' - .,3.041,0^1 00
MiUtary service, pensions, (fcc. —
' , -'
8,602,319 00
Naval service arid-gradual improvement -•
'- '. 4;768,708 00
' Previous appropriations "to be used for 1836, for civil, &c. $5,192, for
mihtary, &c. $339,515. By virtue of former actsof Congress, there -wUl
probably be wanted during 1836, for the payment.of interest and dividends
uiickunied on.the funded debt, and ofthe unfunded debt itself, yet unpaid,
the sum of $50,000.'. ;
' - ' .;' .
To these add such coriringent excesses of new appropriations by Congress for ordinary purposes, as are riot^included in tKe estimates, bnt which
are likely to be deemed • proper by that - body,: and th.e grounds ofwhich
were explained in' t^hc last annua;! report, $3,000,0.00. The; estimates of"
expenditures in 1836, for extraprdinary |Turposes, which, are submitted in
connexion-with the military and nayal services,-amouiit to $3,326,825.
Making, as estimated for the service of 1836, all the new appropriations,
of every kind, specifically called.fdr,, to' be $17,515,983 • and all the expenditures of every kind, for the service of the same year; to be ni the aggre-.gate, $23,133,640.. '
" .; ;; _ ' ' ;
y
'^ ' „
Onthe supposirion that the. appropriarions.outstairding and unexpended
at the.end ofthe years 1835 and 1836, will be-similar in araount, this
w;o.uld leave an available balauce in the Treasury at the .close' of the year
"1836, or on the 1st of January, 1837, esrimated at about .f 14,500,000, provided the receipts be as computed, and Congress make no larger appropria- •
tions for extraordinary or other puTposes,r at-their present session, than those
enumerated in. the estmiates submitted; From.this amount, after deducring
about eight miUions to pay.,the' outstanding appropriarions, to which the
Treasury will then prpbably stand .pledged, there will beleft, at the close'rif
1836, a nett balance of only, from six to seven iriillidns applicable to any .
other use, which Congress may now, or then, be pleased to designate, instead of about ten and a half rnillions, the nett balance estimated .to be left
applicable at the close: of 1835. -hi other .words, the.expenditures" wiU
in the ensuing year,.for only the objects specified in the estimates,'probably
exc.eed the receipts in that year about fouii miUions of dollars, and thus, to
that extent, reduce, the balance now on hand.
.. '^.''
;
1835.]
SECRETARY OF T H E TREASURY. '
631
IV. E.XPLANATI0NS OP THE ESTIMATES FOR 1 8 3 6 , W I T H SOIVIE SUGGESTIONS ON T H E PROBABLE €HANGES TILL 1 8 4 2 .
The basis on \yhich the above estimates rest, will now be exhibited and
explained. .
'
.\'
«
• .
,
In the peculiar condition ofthe country- at this tim'e, without any debt-to
absorb our surplus receipts, and amidst the great changes which have recently happened, and wili probably continue to happen, in our whole
revenue and expenditures, till after the essential .alterations made by existing laws shah cease in 1842, this departnieri't feels bound to eriter more into
detail than usual concerning the grounds of its esrimates, and to disclose more fully every material considerarion which has led itto the re'sults presented. Congress will thus be ;better enabled to judge^ of their accuracy,
and to correct any unintentional terrors. For convenience in reference, a
tabular statenient is, annexed, (A,) which presents separately fpr 1833, 1834,
and ,1835,' so far as the last is ascertained, the general estimates in one column, the actual appropriations in another, and the expendituresin a third.
To these are added, in other columns, the whole revenue, with the exports
and the imports for each of those years. . Fpr a simUar reason, the Register
has been requested to have the detailed estimates for 1836 prepared with a
second colurnn, showing as^ainst eaeh the actual appropriation in 1835 towards a like object,
\
' \
^
.'
.
,
•
.
, -'
Explanation ofi the estimates ofi receipts firom Q^ustoms.
In respect to,the, estiniated :receipts into the Treasury for 1836, so far as
derived from customs, they have been computed on =an. importation of foreign merchandise, expected to be near the average of the last three years ;
but much less than "the importation of the year ending inr September, 1835.
- Under our present system of revenue, derived: usually in the rario of
three-fourthsjo six-sevenths from customs, the amount of imports have a
very important bearing ori our whole'receipts. T h e amounf of exports is
likewise material, as ;in some -degree influencing the imports, and, iri the
present condition of the country,;throwing much Ught on its great agricultural prosperity, and furnishing, with the others, highly useful indications
conceriiing the extent'andincrease of our foreign commerce.
. The imports during the year eriding Septeniber 30,1835, are ascertained
and.esrimated at $151,030,368., , '•
. : /
'
They show, compared -with ^ the^ preceding year, ari' increase of
$24,509,036. Those during the three.past years have, on an average, been
about |;i28,556,670.' ,. .'
' .. . • •- . . '
The/exports duririo^ the past year are ascertained and esrimated at
$118,955,239; of thesje, $98,531,026 were in domestic, and $20,424,213
in foreign products. .Compared, with the preceding year, they exhibit an
increaseof $14,618,266.. ,
, •.. . , •' ' - • y>' / ; . '
As some evidence that- our' estimates of the .whole importations the en, suing year are- founded ori correct data, it appears from a document annexed, (C,) giving their amount from 1790, that they have constantly, and
sometimes largely, fluctuated between particular years ; though, comparing
most terms ^of a few consecutive years with fornier ones, they have generally increased. Thus the whole imports duririg the five years prior to
1835 exceeded those of. any former period of •$imUar length by nearly fifty
632
:
•
. ' R E P O R T S OF THE;- ' ,
•
[1835.
^millions ; except on one occasion, almost thirty years since, when they aj>proached near, arid another, about twenty years sirice, when they exceeded
their, recent amount; in consequence, at the former period, of our extraordinary share in the carrying trade, and at the latter one, of the large demands to supply the deprivations w^hicli had been caused by war, and to
meet the increased calls of numerous new commercial eriterprises, fostered
by. returning peace. But the very fact of our recent importations haYing
been so large, is one of the causes why a considerable diminution in the
whole^amoUnt jn 1836 is anticipated. Some further causes will hereafter
be specified, in connexion with other corisiderarions, avhich, it is believed,
wUltend to produce the same convictipn./ When we proceed to examine
the/ree or duriable character, rather than the amount of pur imports, during
only a few years past, with a vievV to esrimate more cri ically the revenue
which will probably be received from them in 1836, and to formi some
general cbnjectur.es upon the.subjept thenceforward to 1842, it,is a fact
deserving careful notice, that while the'^whole amount of. imports has for
some years been increasing, that portion paying duties, has greatly diminished, and, at thesame rime, the portion exported and entitled to drawback
has not diminished in a similar ratio.
.
'
. A statement is subjoined, which furnishes important details on- this point
sirice the late great changes in the tariif, (B.)
The general results froni them are, that while the importations paying
duties have fallen off in 1833 about eleven millions, and in 1834 seventeen millions more, and the free goods iricreased in even larger proportions, the exportatipnof dutiable articles has fallen off in the corresponding
years only about^ six and'two millioris, leaving the actual consumption
in the United States of such foreign merchandise as pays duries at Uttle
more than one-third of our wholerimports, and'quite twenty mUh'ons less
than in 1832; This computation as to the corisum.jirion is made on the
probable hypothesis, that the stock of such merchandise on hand rernained
about the same, at the close of^'each^ year, which, though not correct in
some single, years, on account of wars and various .vibrations in trade,
would, in any series of a few years, be near the truth. ThejmportiitionSy
however, in 1835, and especially in the last,quarter, as they have been "unprecedentedly large, exceeding, it is computed, in that alone, more than fiftythree miUions, and mostly not yet consumed, may be thought to constitute
some exception to the above rule; and hence, coupled .'with the fact that
the r,eturns are sdU incomplete, and depend in part on esrimates, their
amount and character haveiiot been introduced into this comparison. But
they are inserted in the table, as fax as. ascertainable ; and if considered
without any.unusuariimitations or deductions, wpuld'show a great fluctuation in the consumptipn, both of all foreign-merchandise' and of that
which is riot free. ^
.:
. ^
. ;
The rate of duty has in many articles been.so essentiaUy reduced, or
entirely removed, as to lessen the whole receipts from customs over twentyfour miUions in,the last two years, and produce most of lhe above differ-ences in the character of our imports. With a view to enable Congress to
forrii a just esrimate of tlie probable receipts frorn customs the ensuing
year, there should be .inade to, any changes occasioned by the above causes,
such addirions and dimiriutions for the past and the future, as are resquired
by the difference, which pften happens between the amount pf duties accruing and the amount actually received in any particular year.
•1835.]
SECRETARY OF T H E TREASURY.
^
633
In some instances, this difference happens by la.rge changes in the amount
of .bounties paid or duties refunded; or, aa in 1833, by the subsritution of
cash duties for credits, and by giving short instead of longer credits; andin
others, by the bonds due after the conimencemeritof some years, as in
18.34, iiaving been larger in amount than in 1835 ; some having been giveri
for duties on certain^ articles, which afterwards became free, and others
having been given for more duries on the same kind and amount of articles '
before the bieririial reduction took effect, than they were subject to afterwards. Without new legislation, however, none of these circumstances,
except the last one, can operate much hereafter till 1842; and the effect of
that will generally not fexceed^a quarter of a mi.Uion of dollars, and is a
gain to be felt not till 1837. Another difference arises somerimes from
larger collections of old debts due for customs;/as when in 1835, but not
anticipated in 1836, riearly.one.quarter of a million has ;been coUected bn
a single'claim, originating as long c^s ten "years ago, independent of many
smaller collections on still older claims.
; '
'
The.only remaining difference of much imjlortance in our receipts from
customs the ensuinof year, compared \yith tile last one, wilf probably result
from the biennial reduction in diitiesof nearly: a million of doUcirs, which
the exisring laws provide shall take place after the close of the present
month. This reduction of duties might, under some circumstances, be
chiefly obviated by an increased, importation and consumption of foreign
merchandise. But it has been already stated, that the whole' importations
were of late so unusually, large, as, with other causes hereafter explained,
not only to forbid ariy reasoriable expectation of their increase in 1836, but
to render a reduction probable; and, it is further believed, a careful inquiry
will show that the consunlption p f \ U kirids of fpreign merchandise in.the
United States has;generally enlarged iri a smaller ratio than is supposed by
many; and especially that the use of such'as pays duries, whichis the cardinal
test of our receipts from customs, wUl rather lessen :than increase in 1836,
and be,not materially enlarged rill after 1842. By the table before referred
to, (C.) Which is the most ac.c,u?atd the records of the Treasury enable; me
to prepare,, it will be seen what our consumptipn of foreign merchandise of
all kinds has been during each ofthe last forty-five years. By ,com-,
paring, not single years with others, but a series pf three years, (as, for instance, 1792, '93, and '94, with other simUar series after intervals of ten
years,) and paying less regard: to the first arid third series, as the'former
rests on estiinates niade riow, and not on valuations at the rime,' and the
latter, being in a period of war, is too irregular for a guide, it appears that
the average increase of consumption, of all foreign merchandise has. been
not three per cent, annually in the last thirty years, and has been not equal
to the increaseof our population during the same period by over one and a
iialf per cent. While the increase of the^ktter has also been very uniform,
_varying between every census, and for the whole time^very steadily between four and a half and five per cent., that of the former has fluctuated
largely, rising under the great impulse given to credit, industry, and enterprise, bythe adoption of our constitution, to near seven per centi yearly,
during most of thefirst ten years, and; then falling to only about one per
cent.-the next twenty years. After that, by one of those customary "tides iri
trade w.hich almost periodicaUy occur soon after checks to overtrading, an
exhaustion-of old stocks of goods, and erilarged means to purchase, from
abundant-crops, their high prices, or ariy other ,cause^ the rate of increase
• 634
•
^
. REPORTS OF T H E .
[1835.
in consumprion rose-^ again; and, by-reason of so many free gopds, and espe, cially the unprecedented imports of specie in 1833 and 1834, auiounted, on .
an average, during.the last ten years, to four per cent, annually.. Deduct,
howeyer, that excess of specie alone, and the increase would not much exceed three per cent, on the consumption of .all kirids of foreign merchandise; while on that of such merchandise as pays duties, there^has, as befbre
detailed, been a great decrease; and there is no likelihood of much permanent increase, till the .whole importations^ shall be greatly augmented,, or
the tariff be again extended to a larger hst of articles. • By the customary
reflux of that tide from opposite causes, and the greater substitutipn of some
kind;s of domestic products, it is beUeved that the above rate of increase as
to all foreign arricles ivilf again soori decline, and prpbably rerijairi .much
below that of our population, until new legislation, or the essential alteration's.now goriig on in the tariff, shall materially enlarge the amountof
goods paying ,a low duty. As the capacity of the country to purchase foreign goods will, (all other things remaining equal,) be then enlarged in the
ratio of what it does not pay for duties, such alterations, when;their influence shall be.fully felt in 1842, wili, as-the great alterations in 1832 and
1833 have already done, doubtless tend again "to augnient somewhat .the
> whole impoi'tarions and corisurnption.of foreign arricles. Anpther comparative view, perhaps more striking, of this corisumption, is, that according
to the value, of the articles as estiniated. at the custom-house, its average
atnount in 1790 and '91 was jabout /seven dollars per head l o our popula, tion; in 1800 and 1801, over ten dollars per head; in 1810 and'''11, .about
seven; but .in 1820 arid '21, only abo,ut six.; and in 1830 and '31, ,only
about five, or one-half of what it was thirty years before. This great difference has probably arisen, not only from the increased dbrnesric- production of certain manufactures, such as' cottons, woollens, salt, and iron, and
of some articles more immediately connected with, agiicnlture, such as
sugar and molasses; but from a faU-in the price-of many ^articles, maldng
the value less of' a similar" quanlity Gonsumed,; and fro rii'the greater ,extension of our pppulation into the west, where the independent habits of the
people, and the comparatively enhanced cost'of foreign articles, would^tend
t c cause a smaUer consumption of them than near the seaboard,' where
/their price is lower, "and it is ciistomary to depend more on foreign ,sup^ plies.
* •.' •
.
,"
.
- . . • . ; . • . -
.
; '
r . - ,.
,'•.
.
-
It will be noticed that all the.above, computations have been made ofthe
value, and not the quanrities, of the arricles consumed. ^ The latter would
be more difficult to exhibit in so great 'detail and" fiilness.. But, if they
CQuld be, the result would,in a,view, coilnected with political economy, be
more satjsfic tory, as showing inorp clearly the coraparati ve. habits of-our
population at different periods; because prices, especially pf some manufactures, have^fallen during the.last forty years, probably, on an "average,
o.ver'fifty per cent:;'and our whole .consura.prion. of foreigii articles has,
without doubt,-diminished riiore in value'than in quanrity..
. - But the difc.culties before menrioned have prevented any furtlier exhibit,
coupled, with the cit'cumstance, that, in respect to the arnount of duries—the.inquiry.now most perrinent and material-T-the result, in the present state
of the tariff,, won Id be mucli less important than somiC might at first ima^
gine, as it would be wholly .unaltered in,all cases.pf specific rates of duty;
wHether the values or the. quanriries be detailed in tlie^ statements, "and
equally unaltered'iri over.half of all the foreign goods no,w imported, they
1835.]
SECRETARY. OF THE-TREASURY.
635
being at presentfree, and the rate of increase in their consumprion, by.additioiis to our popularion, or other causes, having rio influence w^hatever
on the revenue. ,
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.,
.,
Hence, in looking to the futnre, it is essential tP notice, that, if the increase
iri consumprion..of all foreign goods should continue to be on an average,
iill 1842, as large as during the last thirty y'ears, it would only add yearly
about one and one-quarter million to the imports bf goods which are now
dutiable, and on which the average revenue would not probably exceed two
hundred; and fifty thousand dollars per a,iinuni. But it is presumed that <,
the increasing substitution in our importaridns for consumption, of free for
dutiable goods, when the former will answer the desired, purposes of the
community, wUl, on account of their couiparative .clieapnpss,.make the ftee
rather than the (duriable goods usually increase, and be frequenriy in a ratio
quite large enough to counteract or n'eutra.lize'the effects of any tendency .
to augment therevenue, by an increased consumption of all kinds of foreigii
Sfoods. •'
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T h e comniercial returns for 1835 were not received so as to be used in •
any of the above computations; but, so far as mow ascertained and estimated, they are given in the table,- and furnish ~ another illustration of the
fluctuating character of our foreigri trade, and the uncertainty of any state/merits fbunded on it, which do not extend.to comparisons of yarious and
distant periods of time.
- - :
.;
The exports of domestic produce in the ensuing year, wUl, as before remarked,, exert some influence.on the amount of importarions, and hence on ,,
the revenue frorii customs. But the effect of those exports on our import-'
ations' for inimediate consumption, including aU but specie, and other
articlesto be ao^ain exported, wiUiu reality always be lessthan is sometimes
supposed; provided the domestic supplies of similar articles- shoiild,, as .of
late years, coritinue rapidly to increase,.and shouldi prove to be equal in
quality J' and not higher in price, than similar ones imported from^ foreign /
narions. In; that event, thougli the ability ofthe people .to buy foreigri
goods will fortunately.be.greater, where the exports are large, yet .the permanent retu rns from, abroad will generally be more iri money to be expended
at home-, and less in goods to be consumed. .Rut the diversity of opinion'
which ^exists, concerniiig some of these considerations, has led ine to submit
the document arinexed. (D.^)
. '
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From this it appears that our'whole' exports,, of every/kind, in thelast
five years, including the esrimates for 1835, have not-exceeded those during
a similar term, from 1803 to 1807 inclusive, but-about forty niillions ; and
being an excess no larger than at most intervening periods, while an extra-'
ordinary increase has taken place in our exports of domestic products, exceeding.in value those, during that terni more than orie hundred' and fifty
millions, and being'quite double the. excess at most intervening periods.
Indeed, it will be"seen:that they have been almost a huridred per cent, larger
than they were in any similar ter mofyears pre vious to 1816, andJhaveexceeded
those dining such a te.r'm only'ten years ago, by the siim ofabout one hun'dred and fifteen millipns—a difference greater than the whole amount of all
our exports of domestic products during the first five years under our present form of governrnent. The recent average rate of increase, in these
exports, however, has riot been largey independent ofthe arti cle/of cotton;
nor is it likely to augnientduring the'few ensuing-years. Adopting a
comparison between eve.ry term of ten years, from 1792, '3, and '4-, to 1832,
.636
' • REPORTS; OF T H E - .
..•;
[1835,
'3 and '4, and including'all arricles, it appears that the whole exports pf domeslie produce exhibit ari increase in the last thirty years of less, than three
per cent annually, or a rate considerably lower than that of our.population ;
ihough, in the previous term of ten years, by the great prosperity frorii our
new form ofgovernment, and the rapid progress in the cultivation pf cotton, that increase was near eight per cent.; and in the high price and large
exports of this arricle in the la^t term of ten years, it has been about five
per cent annually^ But as that price has of late been unusually high, and
is now lower ; and as tile demand for cotton abroad.'in the ensuing year is
not likely to exceed', if it equals, the late custoriiar'y ratio, and on which
,some interesting facts may be seen in'the statemerit annexed, (E) the value
of our whole doriiesric exports (over,one-half of which nowcrinsists of cotton)
will probably be. less in 1836 than in.l835.:' This result, therefore, forrifies',
-rather ihan impairs, the correctness ofthe diminished estiniate of our whole
importarions in 1836,'and ofthe anticipated receipts.of duries therefrom.
Ori the whole, then, as the biennial reduction in-those duties which exceed "twenty per cent takes place on lhe- 3,1st instant, and will amount to
near^one miUion of dollars ; as in the ensuirig year the' whole iniportations .
wall, by the estimates,'be less, and the consumption of foreign articles paying duties is for that aiid' other reasons npt likely tq increase ; it results,
from these and. some circumstances before menrionedV Uiat the whole
aniount of revenue which wiU be received from imports during the year
1836, will probably be from one to two millions. less than, in 1835..; If we
look forward to 1842, when the tariff is, by our .presentlaws, to undergo a
great change ; andif we regard, in the intervening time, the probable exports x>f doniesric produce and imports of foreign merchandise, or the pre^
suriied coiisumpriori of that small-portion of the latter paying duties, it
may fairly be concluded, thaty after nia;kirig due ahpwances as to all these,
on acconnt of our increasing population and wealth,^ and deducting those
allowances frorii the biennial reduction, riot only will the revenue accruing
from customs probably diminish at lhe average rate of about one-third of
a million per annuiri^ or' near two-thirds of a million every-second year,
-uritil the 1st of .Tanuary, 1842, but then, at one. blow, over twp and a'half
millions riiore .of the duries above twenty per cent is to be struck off; and
on t h e l s t of July, the same year, oyer two and a half millions riiore, and
some new articles, for the first time, be rendered entirely free. All the reducrion which is-to take place in that year a,lone, wUl thus .amount to between five and six mUlions of doUars; an,d .the whole annual revenue
from custpms.'will, by 1843, have probably fallen to about riine^ instead of
its present ariiount, of about seventeen miUions of ddUars/ , / ;
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Explanation cfi the estimates ofi receipts firom lands. ' . -
The revenue from lands the erisuing-year has been estimated at four
millions of dollars. In submitting the esrimatesjor 1835, the amouritexpected to be received from this source, was. for reaspns then stated, calculated half a million higher than it had ever been before, and was described
as stilL too low, if the department had not anticipated that large sales
w^ould be made for the Indians, the proceeds of which w^r.e not to go into
the Treasury for public uses.^ But these last, sales, delayed till the first
montli iri the next year, have unexpectedly given place to others, all whose
prpceeds have so gone into the> Treasury. - This change," with the opera
s»
1835.] •
SECRETARY OF THE-TREASURY.
637
tion, in such unexampled force, of the' circumstances detailed in those
rea.sbns, aided hy such an eager thirst for the investment of surplus capital
in new.lands, arid the bright prospects of large profits from their immediiate cultivatiori for cotton in the southwest, with the extraordinary number of pre-emption claims aUowed, has caused the actual receipts from
their-sales, during the year 1835, to exceed those of any. previous year, b y
tlie sum of probably more than six miUions of dollars. . , . /
From.the fact that many of these sales have not been; made to actual
settlers, andthat much of the land thus sold will remain in the. mar ket to
aid in ,supplying hereafter such purchasers; from the probabihty, that some'
diminution in the price of cotton, with the iricreased cost of labor, will
lessen somewhat lhe ardor for new-investments in land in the southwest;
from the circumstances that niuch fewer pre-erription claims exist, and
fewer public-sales of iands whose prpceeds belong to the (government, by
over twp .mUlibns of acres,'will be adverrised the ensuing year; and from
the presumption that lhe sur.plus caipital to-be,re-invested, deri ved from, the:
final payment of our public debt, and from the unusuaUy great exports the"
last t\yo years, will be reduced, it has not been deemed safe to estiniate the
receipts, for pubUc purposes, from,sal6s of land in.l836, at .more than four
miUions of dollars. <
:
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^
Besides thosq receipts, the sales of the Chickasaw^ lands, postponed as
before remarked, to the ensuing year, will probably be considerable, as the
quantity offered will be about six inillions of acres; and though, by:treaty,
the ^proceeds of them must,be invested for the Indians, yet the.sal.es wiU, to
their extent, diminish the demand for other lands, whose proceeds would'
go into the Treasury. Jn- looking beyond the next and a'few succeeding
years, as connected with this subject, itis true that the whole lands still
owned by the' United States,^ within the boundaries of'the present States
and Territories,' exceed the vast quantity of three, hundred and thirtymil1 ions of acres; and,.west of Missouri and Arkaiisa,s, perhaps seven hundred and fifty millions more, of which only seventy or; eighty miUions
have yet been specially assigned to thejndians, or in any other way absolutely appropriated. But though three' hundred and thirty miUions of acres
would alone be enough in, quanrity, at even the; rate of the recent large
sales, to-continue, for a considerable .time, to yield an iniportant'share of
revenue, it must be reriiembered that a deniand for it wUl be limited generally by the extent of the iiicrease of our popularion and capital; a n i that'
large portions of it, (perhaps one-fourth,) ought to be > deemed waste and
water; and probably half of it, as weU as mrich of that which lies west of
the present States and Territories, be considered of such an inferior qual\i.ty, that it cannot be sold for cultivation till our population reaches an
amount and density which wiU jDi'obably require ages to ,effect In illustration of some of these views, it is:a"remarkable/fact, that, pf the whole
quantity of land surveyed^and. offered at public sale, froni 1789 to 1834,
being about one hundred and twenty-two millions of acres, npt one-third
of it has been sold for any purpose whatever; and that the whole receipts,
being a little under fifty milUons of dollars, from the whole sales of public
larids during that peribd, have furnished only a small amount, not exceeding three or four, millions of nett revenue, beyond the whole cost, in various ways, attending their purchase and management
But a considerable nett revenue from them, hereafter, if neither given
away nor divided, can with safety be expected; and they would then tend
638
REPORTS OF T H E
[1835.
to furnish that rehef under the common burdens, and that aid towards the,
common and legitiniate objects of the Union, which were intended to be
promoted by their priginal cession to the General Government. T h e .
present rate of increase in our population engaged in agricultural pursuits,
-will not, it is presuri^ed, for six or seyeri years, create a regular annual.demand for immediate culti^varion of over.one million of acres of the public
lands; and it is calculated that from two to fpur mUlions more wiU be
bought yearly for investment ofcapital and re.-sale. . , ^
The esrimate for that rime proceeds ori the probable presumptiori that no
very large portion of our old culrivated lands Avillbe wholly abandoned,
and that the new lands annuaUy put into cultivarion in the whole Uiiion
have been,, and-wiU be to the ariiount of quite onelialf those bought bythe
actual setriers, not directly of' the United States,-but of the severaL States,
or of individual owners. Asthe wild lands owned by severaf of the States,
and by conipanies or individuals,/\vhetlier belonging to them through gift,
sale, or otherwise, from eitlier former Governments or the United States,shaU increase or diminish iri quantity and price, the new sales by the United States \are likely to be less or rnore, and the above proportions to be.come by those,-as well as by riumerous other circumstances, soriiewhat af
fected. The whole sales pf pubhc lands for speculation and investment,
as well as for immediate cullivaripn, will, therefpre/ from various causes,
some of which have already been specified, probably fluctuate between two
and five.mUlions of acres, .producing from three to six millions of dollars a
year tUl 1842, and; indeed, not often exceeding the iriaxinium till most of
the riph soils are gone.
>. •
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A document has been carefully prepared. (F,) whicU iu some degree verifies these general views, as it shows that the .whole sales, to the close of
1834, deducting about six and one-third millions, of acres, which reverted
under our fornier system, have be.en bnly about thirty-seven a n d a half
,miUions of acres during forty-five years, or on an average-only about threefourths of a .million of acres yearly,^for immediate cultivation, and every
other purpose. ; This quantity sold, with about sixteen* miUioris given away
as bounties in the last war, and for schools, colleges, internal irnproyemcnts,
and other pubhc objects iri the new: StatesT—being, together, almost half as
muchas.aU the sales-—-would, through vthe whola time, be taking fromthe
public lands by both gift and sale, and 'for all purposes, UtUe more, if any,
when compared with our pppulation, and the additions to it at'different
periods, than three .millions of acres annuaUy would be now.. It may be
instrucrive, in respect tP the estimate of our future prpceeds from lands, to
recollectthatafterthe preserit system commenced, the sales never; amounted
in fact to one.million of acres a^year till 1815,: nor to two millipns a year
till the temptations of the: credit systeni,'and the great rise.in the.price of'
cotton to 26 and 34 cerits perlb. induced; larger purchases,.extending to
over two millions pf acres iri 1817,.and about five and:a half inillions in
1819; and thus evenf fifteen years ago exceeding in quantity, by nearly a
miUion of acres, the large sales of 1834, and exceeding them,,in the sum
promised to be paid, by the almost incredible amount of niore than twelve
mUho'ns of doHars. But the faUofcottonj in 1820, lo only about half its
former price^ combined with other causes, leftthe purchasers in debt toithe
Government over twenty-two mUlions of dollarSj:and, with the change from
the credit to the cash system^ ^reduced the sales again to' niuch less ihan a
mUlion/of acres a" year, caused nearly six riiiUions of the' f6rmer^sales to
1835.]
SECRETARY OF T H E TRiEASURY.
639
revert, arid kept them down to less than 'a miUion in every year after, tUl
lhe rise of cotton in 1825-gave a new impulse; which being aided by other
powerful causes, the sales gradually enlarged till they reached a miUion
again in 1829. Sirice that, increasing stUl more rapidly, they have exceeded, duririg 1834; four mUlions, of acres, and during 1835 probably nine
millioris. Aniong those other causes, the more extensive introduction of
steam power on the western rivers and northern lakes, with the public improvements iri their navigaribn, arid, the increased facilities of intercourse
by rail-roads arid canals,.have of late added much to the sales 6f the public
lands beyond previous years, and; beyond the proportional increase of population. To the force of this,, csiuses have been joined, during the last three
years, as formerly suggested: the .effect of the pre-emprion law, the>increase
in the price of cotton,.arid theunusuaf abundance of surplus capital in
1835 seeking new investnients. But niu^ch^of the ^ great difference to be
produced' by tliese.^ causes has, perhaps, happened already. , What extraordinary increase of ^populatiori and demarid for new larids in the United
States may hereafter occur by emigration from Europe, compared withformer years, must depend on so ma;ny contingencies, both here and there,
such as good or bad governments, prosperity or decline: of manufactures,
and a taste for erriigration to new lands in other quarters of the w^oiid. as
at present to prevent any persoii from making a safe estimate.. '
Difiiculties in estiinates as to customs and lands.
T\
Comparative and speculative views, connected with the subject of our re-ceipts. from customs and lands, couldbe'further extended; but their pracrical utility might bedeemed problematical, as sufficierit is beheved to have
been already stated for all general purposes^. Greater confidence is felt in
the.estimate submitted for the receipts from custorrisin 1836, as that offered
last year for 1835, founded on somewhat simUar data, has not varied frpm
the ascertained a;nd estimated actual receipts ovpr a million of dollars. But
the actualreceipts from lands have, for the varibus reaspns before explairied,differed largely; and, united with the faUure to pass soriie'usual and anticipated, appropriatioris at the last session of'Congress, have caused most of
the. iricreas(3d surplus now in the Treasury. The'difficulty in attaining
much certainty in estimating the receipts from either customs pr lands in
any particiilar year, iri a cpuntry so new, enterprising, arid prosperous, as
ours, has ever beeri corisiderable, in addirion to the fluctuations we always
shall be liable to from short crops, pe^stilence, arid war. But this difficulty
wUl be more strikingly-exemplified till 1842, urider the material alteration
from credit to cash payments, and underlhe continued biennial changes to
which the tariff is now subjected. It was shown, in 1822, in a report of a
committee of the House of Repiresentatives, that, from 1802 to that time, the
estimates of our; whole receipts differed, either by excesses Pr:deficiencies,from the actual receipts in different years, &om one to forty-three per cent.;
and in ciistbriis alonC; from three to seventy-three; being an ayerage of
about sixteen per cent.: per annum. Thedifference since 1822: has; been
carefully examined, and is found to vary from less than one per cent.: to
over forty-one; arid averages annually about thirteen per cent But the
effects of the irregularity of pur actual receipts into the Treasury: in iany
particular .yea;r, whether over Or under the estimatesj were/les^^^^
640'
^
.
REPORTS OF T H E
:
[1835.
and were of less comparative importance, before the final payment of the
public debt, at the close of 1834, as that payriient, from time to time, corrected any irregularity, and superseded what.wUl often hereafter be inevitable vvithout due precaution—the necessity of a resort to new legislation,
whenever any considerable, excess or deficiency happens to occur in the
whole revenue.
'/
/
Besides what has already been remarked on the influence which the increased cultivation of cotton in this' country has in various ways exercised,
and is likely to exercise hereafter, in oui\ revenue from customs and; lands;
it might be madena subject of further and very interesting inquiry, in connexion with the uncertainty pf the estimates on- those subjects, affecting,
as that-cultivation does, more, remotely, nptpnly our revenue from lands
and customs, but the balance'of trade and the export'of;specie, as.weU as
the continuarice., by mearis of mutual dependance aniong great interests, of
Hiany^of our peaceful arid prosperous relatipns both at;„honie and abroad.
But withput entering, on this, occasion, into further details concerning any
of these points, it may be mentioned as a very striking result connected
with the last one, and as furnishing a strong presumption in favor of greater
exemption hereafter from fluctuatipns by. war and conimercial M'estrictioris,/
that whUe the quanrity.of cotton exported frorii this country,has increased
from half a million of pounds in 179Q,, to over three hundred and eighty
millions in 1835, and has exceeded in valiie, during six of the last ten years,
all our other exports of domestic products of every description, the manufacture ofit at home,, and chiefly in the northern States, has increased, from
consuming pnly a few bales more, to ninety rnUlions,of pounds yearly, and
to that extent creates a new. and strong bond of .reciprocal advantage and.
harmony* and that while we now furnish, instead of the". sniaU quaritity
in the first years of our.Government,-quite fifteen-sixteenths, of the whole
. consumption of raw cotton by England, and seven-tenths of that by France,
aU the present exports of it to Europe, from aU the rest of the world, do not
probably equal, if those two riations could obtain the whole, one-third of
what they nowconsuriie, or one-fourth of what they iiow import from the
United States alone; and thus, while neither of them produces any of lhe
raw article, except a little iri some remote dependencies, that they have an^
annual manufacture nO(Vy.relying on it, and chiefly on theUnited States,
equal in, France to eighty milhons of doUars, and in England to bne hun-^
dred arid eighty mUlions of doUars;. and corisrituting, in. the latter, after it
supplies her own large necessities at home, over pne-half in value of her
great annual exports to aU quarters of the globe.
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Explandiion ofi estimated receipts firom miscellaneous sources.
T h e estimate of receipts from bank dividends has-been made at the usual
rate, computed on the present amount of stock stiU owned by.the United
States, indeperident of what belongs to the navy pension fund. Should
the bank divide a part of its capital after the 3d of iVIarch next, and before
the close of the year 1836, the dividends received for interest or profits
wUl probablyvbe somewhat lower; but, bn the other hand, there will then
be received into the Treasury,, instead of them, a due prpportion. ofthe
capitalstock. _
^
:
^ This department made seasonaible inquiries of the bank itself, as/to its
1835.]
SECRETARY OF T H E TREASURY.
641
probable coui'se in respect to the division of its capital, with a view to apprize Congress of the revenue which ought to be ^antidipated from that
source in 4836 ; brit, extraordinary iis i t may^appear, at a period so near the'
close of itscharler, and after the discontinuance of several of its branches,
it;will be seen by the correspondence annexed, (G,) that the bank had then
come to: iio decision on the subject
^
The sales of bank stock tP the riavy pension fund will probably not be
deemed advisable by Congress after the 3d March next, and herice the receipts from those sales have beeri estiniated less than usual.
It is supposed that the/other receipts from. misceUaneous sources will correspond nearly with those in 1835,:except thatlhe sum of $6,235, belong-'
ing to this Goverrinierit outof the Neapolitan: indemnity, for lhe transportation of seamen jat thei time pur vessels were seized, having in the first in^tafmerit been promptly arid honorably paid according to treaty, has, since the
last annual reppit, been adjusted, and credited undef this general head. It
gives me pleasurelo add, that about $l;Od,OO0 more has beein secured by
mearis of that indenmity, on debts of long-standing due from several of the
'claimants to the United States, and over one-fifth of it has already been paid
into the Treasury. In pursuance vof the act of Congress on this subject,
the bialance of riie first instalment, as soon as the awiards were completed,
was paid to those entided to it. and certificates were issued for the lemainder. All due underthe' second^ instalment has since been punctually dis-.
charged by the Eing pf the Tvvo Sicilies, to the agent of the Treasury
abroad; arid after some delay in its remittance from Naples to Paris, with a
view to make it in; a manner most advantagedus to the claimants, the whole
has been received, here, arid the nett proceeds, as soon as; ascertainableJ
immediately paid over.
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Explanation ofi the estimates ofi, expendit^^^
The experiditures in 1836 for ordinary purposes are, it has been seen^
estiraated;at a still lower sum than they vvere for;i835. But as the present
is a^lorig session; of Congress, the coritirigerit excesses of appropriations
beyorid the general estiniates, explairied in thelast annual report, have beeri
submitted^ as likely to be half a miUibn larger. It is gratifying toi state:that,
independentof the paynierits tovvards the; nationa;l debt, leaving; the community, with all its caipital and energies, eritirelyfroni that causes unburdened arid uritra;nimelled, the actual expenditures ofthe General-Government
have, ori-othprsiibjects, sirice 1833, been reduced about four and a half millions of doUars a year; or near nine millions in 1834 and 1835 ; and the
country at large, during the same period, relieved from taxatiori by reductions in the tariff, equal to nearly twel ve arid a half millions a year, or-about ^
,twerity-fiye miUioris in; alL The probabihties as to still further reductions
in pur ekperiditures: for ordinary purposes during a riumber of ensuirig
years, excluding ariy extraordiriary grarits ori accourit oif the preserit large
surplus, or other cavises, can best be ayeighM by a'i'etrPspect to, the chief
subjects of increase during a fpiy past yearsj and by a disdriniiriatiori between the itenis vvhich"are in their character permanent or teriipprdiry, and
which still existj pi: have already expired. "
: ;
The chief items of increased expense duririg those' yeats whidh (frorii
aft increase iri some of our national establishmehts, caiised' by obvious:
VoL.iii.^—41
642
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REPORTS OF T H E
.
[1835.
reasons in most cases, such as greater population and business, aed a rapidly
extending frontier) will probably be somewhat permanent, if not in some
instances progressive, are most of the large additions.to the legislative expenses—^^t.he gradual augmentation inappropriations for the judiciary, and the salaries of district judges ; the new bureau of SoUcitor of the Treasur y ; the corps of mounted dragoons in the army; the increasied ;number of/ '
and pay to, officers in the navy; and lhe extra compensation to oflBcers of
the custonis, since the great reductions in the tariff. The chief additional
items of expenditures during the last few years, which may be deemed teriir
porary in their nature, but which stUl continue in a greater or less degree,
are the large increase in theextinguishmentofIndi,ari,titles, andin grants of
revolutionary pensions ; the payment of Virginia commutation claims; great
additions to our light-houses and customliouses; opening many riew. roads
in the Territories; the continuation of the Cumberland" road ; .the survey;
of the coast; more numerous allowances of misceUanedus claims; and the,
building.of brarich mints, commenced the present year, though their future'
support will be a new item of permanent expense., The issue of Virginia- t
land scrip, virtually receivable instead of moriey for lands, is, in substance,
though riot in form, another large item; because, though not included in ^
the usual exhibit of expenditures, ithas,, in thelast four years,, exceeded a
mUUon'of doUars, and will,iri this and the ensuing year, probably extend
to eight hundred thousand more. The items of magnitude in our expense.s
which have lately existed, but .are now eithef terminated or suspended,
are the building of the Potoniap bridge, though, its repairs, lighting, and
draws may hereafter be a durable charge;-Macadamizing Pennsylvania
avenue,and several grants of money for various other piuposes in the District
ofColumbia^; repairsof the Cumberland road; finishing and, enlarging spme
ofthe public buildiugs here; refunding large amounts of duties urider for-^
mer laws; the expenses of the war with the nprthwestern Iridians in 1833;
repayments for advances during the war of 1812 ; a, large reimbursenient
of the navy pension fund; several special expired appropriations towards
naval objects; and almost every thirig connected with the publicdebt A
tabular statement, further illustrating many of these changes, as well as
others under aU the most important heads of expenditure, by exhibiting the
sums yearly paid under each material one Irom 1816 to 1834 inclusive, has
been prepared with care, but is so voluminous that it will not be submitted
to Congress unril some other appropriate occasipn.
In the esrimates for extraordiriary purposes the preserit. year, it; will be
seen that most of the increase is caUed for by the oniission to pass the annual appropriations last year for fortifications,, arid by the;unusually-large,
surplus in the'Treasury, which is not wanted for ordiriary objects, and
which, it is supposed; can be applied usefully to hasten those great improvernents connected with our military and naval defences, and which are of a
character admitted by aU to: be riational, benejScial, and constitutionaL
Urider our'high state pf finaricial proisperity, and reposing iri peace, the best
period for due preparatiori for \yar, the undersigned considers the Treasury
in a proper condition to meet any irieasures vvhich the Executive or the
jippropriate departments/have recommended for Ihese desirable objects, as
well as any similar and additipnalj measures which Congress may be Ukely
to think required by prudent foresight, and a proper regard for natiohal
character arid isafety.
;
/^
\
> '
/
f
1835;]
SECRETARY OF T H E TREASURY.
;
V. SURPLUS IN THE TREASURY, AND DISPpSITION OF IT.>
643
It has been shown that the available balance in the Treasury,, over all
outsriinding appropriations, on the 1st of January, 1836, is estimated at
about ten and a half mUlions ; the expenditures for the erisuing year, for all
purposes, whether brdinary or extraordinary, enumerated in the schedules,
at more than twenty-three ririllions,; and:the! receipts ;at less than twenty
millions. Hence it follows, that if the appropriations made, and the revenue
received in 1836, shall be as large asthe estimates, and no larger, the nett
surplus now;appUcable to riew and other objects, wiU,^probably, in the
'Course of the ensuing year, become reduced, to a sum between six and:
sev^-en raiUions. This suni, therefore,; would, iii those events, remain on
thelst .January, 1837, as a nett surplus, unexpended and'unpledged. Cbn-,
sequently, mostof it could riow be-applied to other purposes ;not included
in theestimates, and liberally aid-in- promoting any constitutiorial objects
which Congress may deem most expedient.,
;
^
An rinprecedented'spectaple is thus presented to theVorld, of a Government, not pnly virtuaUy without any debts, and withoutj any direct taxation,
but with about brie-fburth ofits whole annual expenses defrayed fro msales
of its Own uriincumbered and imniense tracts of public lands, and no resort
to even indirect tatxation necessary, except for the other three-fourths; and
the proceeds of that indirect taxation, though largely and frequently reduced, yet accumulating so fast as to require further legislatiori to dispose
of or invest a cpnsiderable surplus on hand. Whether this state of enviable prosperity be justly attributable to the form'of our governraent—tp the
administration of itr^tp the character of our people—the physical advan-'
tage^.of our couritry—or to aU combined, it is a subject bf strorig congratulation, and exhibits^ a very reriiiirkable phenomenon iri' the history of
taxatiori and finance. • Without dwelling on these primary causes of our
forturiatp conditiori, -or discussing any secondary one's, such as the great
deniand and reward in this country for either labor or capital, the more
appropriate inquiry, uridpr these novel circurristances, and on ari pccasioa
like the;present, seenis to be to discover the most judicidus course to pursue
in usitig this surplus, and in preventing or regulating its future accumulation. The balance now on hand^ or anticipated, does nbt differ so much in
amount from tha;tat several prior periods,' as to /requirp any extraordinary
steps, if the same avaUable mode existed of employing it legally arid beneficially vvithout new legis]ajtion.^ There were three former years in our'
history, viz: 1815, '16,"and '17, \yhenou.r balances on handy on the 1st of
January each year, werp respectively pver 13, 22, and 14 millions pf dollars,
and in^833, over 11 mUlions. But these balances were either unavaUable
for a time, or, wheneyer productive, vvere soon able to be applied in the di^~
charge of the pubhc debt, and thus tp prevent longer arid larger accumulate
tionSjand to save iriterest. Inthat way, being reduced frorri time to tiniei^
they dt no Other period have ever exceeded ten miUions, though on foi|jr\^
other occasions they have accumlilated beyond nine mUlions. But, happily
for the country, it is no longer compelled ta part with its resources to di§i-^
cbarge heavy burdens imppsed im farmer times ; and, in the present pi%^.'
perous state of pur finances, it j s respectfully submitted, that, in order ipi :
reduce the present surplus^ there might be first, arid judiciously, authoriz^il^ ;•
for purposes riot enumerated jh iany of the estimates,, pther beneficial e£:
penditures for objects clearly lawful and useful. Not considering it Xl^/ '
6M
REPORTSOF THE
[1835.
province of this department,.in,,an annual report, to enter into minute
details in relatiori to the selection of those objects, the undersigned would
merely advert to a few prominent ones, about which no constiturional. diffir
culties interpose; such as the erection of suitcible and;necessary'buildings.
for the use of the General Governmerit, whether in this city or the difierent.
States, arid the earlier comn^enceraent pf iniportantwprks contemplcried,.aiid
the more rapid corapletion of others; already begun, ;which are essentially connected, with the-coran^ierce, the navy,^ pr the ^frontier defences of the
conntry. .
• ; , . • ' ; . . • . •" . ~ . ' . , • ' • , ; - ;'.' ; .. . " /• .—
Since the general estimates were closed^ but appended to them in a note, ;.
various additional improveraents atthe navy j^ards alone,.requiring the ap.;,;
propriation. of three and ,a half* raillions, have been specified and submitted . .
by the Navy Departmerit, and which, in its opinion, could be now usefully
undertaken: If so riiany works of these^descriptions should,now.be authpr- ;
ized.:pr hastened by Con^gress,.as were unquestionable in their uiility a n d / character, and-were likely to be sufficient to absorb the present aiid anticipated surplus of reyenue in the Treasury frpm ordinary sources, it is hoped
that, ere long,'additional, receipts from our stoc kin the Bank of the United /
States would probably be more/than s.ufficient to insure their completion; '.'.
But if the surplus from all soprces , should hereafter, frbm any pause, ap- ^ .
pear likely to become, earlier exhausted,, spme of those \yorks cbuld ;besusr —
pended, or again, as heretofore, vbe less^.rapidly hastened. If it he;not
deeraed-expedient, in this or anypther.manner, now to apprppriate aU the •!
present surphis, this deparfraent thinks, that.lhe most eligible cpurse:concerning any probable residue, after deducting;aU outstandirig appropria- tions which rriay be niade, and, enough to render* pur fiscal system efficient,',.
easy, and prompt, would be, that Congress retaiii'^ such, residue under its
control, and provide fbr its. investment lor a short period as a.provident
fund, tobe ready to riieet any contingencies attending the.great reduction.
.contemplated, in our ;revenue hereafter; or, in the mean time, to,strengtheri, „
our financial position under the additional burden pf any large claims now ..
pending, which Congress may dee^ni it: just to: allow, or at ariy futu're nio- ^
ment to aid, under those inevitable-and great fluctuafibnsin revenue and
expenditure frorii which no country is exempt, and whicUrio human sagacity can wholly prevent. ^ For all such occurrences it is often .ecoriomical,
and, especially in. our present prosperous condition, with surplus raoney on:
hand, it is consistent with a wise.foresight and sound pohtical prudence, io
be previously and well guarded. Whatever deraands on such a fund may;
..occur before 1842, it is certain, under our existing laws, as before explained,.
%hat the revenue; frpm custoras. must then, within a few months, be reduced jv
iri the large sum oT nearly six mUlions^.of dollars. \ It is further probable . v
Ihat our .'whole revenue from custoras will, by, the close of that year, have
fallen to only nine millipns; and from landsj (for public uses,) have risen .
'tiotlQ.much above four mUUons of dollars ; both niaking but .thirteen miljlions. of doUars, instead: of their present anriual amount of over twenty..
/For that great, and: sudden change, i t is yery desirable that the country ;
•'shp;U|d then be prepared by^a diminished expenditure, and.a proper surplus :
^11 Mari-d, to.meet .any probable deficiency, so as. npt: to require new. or in-.. .
ibraased taxation to; defray^ the expenses then, necessary^ / It may rea.sonably;.
be axpected tiiat the;revofationary pension, list wilf by;i.that/time have. :,
chiefly disappeared • the Indian titlefs have beeii riipstly:extinguished ;/our-.
Becess,a.ry..a(n4 convenient public, buildings throughout fthe ^cpuntry mostly ^
1835.]
SECRETARY OF T H E TREASURY.
645
fiirished; and our fortifications and riavy, if the appropriations in the mean
tirae be liberal, wUl have; been placed in a propei attitude ,to meet ariy
.hostile.aggressions, without the continuance of extraordinary appropriations. Bylhis;system, evincing a just arid flir sighted UberaUty in, grants
to objects clearly national; and riecessary, a;nd pursuing a course of rigid
econoniy and due retrenchment, w h e re, the great interests of the Unioii
wiir permit, oiir expenses, though they inust: from our rapidlyexteriding
. popularion, business, and, frontie'r, iricrease, in some particulars, in nearly a
cori*espbnding ratio, and may not, as;a whole,'becoine reduced exactly to
the ariiount of revenue received; ;yet they; wUl, if rib.unforeseeri calcimities
occur, so neaiiy approach it,:that a surplus ofa few millions, duly invested
and retained, vyouiddoubiless obviate the .necessity of .a resort then, or soon
after, to more taxes. ;
\
,
f
' ; ' _
The'investmerit of this, orrariy Pther surplus not soon wa;nted;'cbuld be
effected, till vyantedfin any inode, raost agreeable.to Gongress, in whpm the
vyhole power on this subject resides^ arid withput whose express authority
'ri.Qthirig-can be taken froin the Treasury for any purpose whatever. But,
: as it may not beUeeraed. necessary or expedient soon to resort to any such
../investment, an explanatibri at this time of the different^ modes in which it
might be accomplished; with, the opinion of the^departmerit on their peculiar^ merits and, demerits, would, perhaps beconsidered useless; and, consequently, only two gerieral; principles wiU now be proposed,which are
respectfully suirgested as proper tp^ have'a niaterial bearing on the whole
subject. First, that whatever mode may be:adppted, it should cpriform to
'the spirit of the act of March, 1817, ,whi6h has been in successful operation
ever sirice the surpluses :became likely fo be large arid frequent,, and. which
required,' before the investment of them in .purchase:or extinguishment of .
the public.'debt, thc^it enough should be leftin the.Treasury to meet all outs.tanding appropriations, and 'two millions more- to secure sfacility and
promptitude iri its various arid distant operations;; and, secondly,'that,
•following the analogy of'the above act, which separated' the, investmeiit of
ariy surplus for pecuniary-profit entirely from-the nianageri:ierit ofthe
public deposites and the duties of deposite bariks, it should leave the bank
agentsof-the Treaslriy,'^ as they and'^ai] its other fiscal agents, from the
foundatioii o.f the Goverhment, have been^ left, VhoUy.disconnected, so far
as practicable, in regard to'their agencies, with the darigerous relation of
borrowers from the Treasury for reloaning and for pri vate gain. Should
either of the above' courses ' not; be deemed advisable, so far as to exhaust
all 'the.surplus pn hand, tjie residue,, if not lai'ge, could be gradually disposed
of by maldng a;further reduction, whenever just and safe, in the revenue
, hereafter accruing .from customs. . "
'
. ^,
;^ To obtdn. the balance estimated, to exist in; the Treasury at the end of
^ 1836, the sura of fifteen miUions is coraputed to be received from that
source, and chiefly to accrue in the ensuing year; /and'if a pa;rt of itshould
'be considered ript desirablp ior any purposes whatever, it could be, much,
and perhaps usefully, lessened by an early diminution of thcexisting duties
on certaiii articles npt supposed to be vitally connected with our doraestic
/manufactures. The most prominent of these articles are wines, arid silks
from beyond .the Cape of Good Hope. They both yield, in duties, over
half a raUlion per annum; or, in 1834,>viiies over^ ^445,000, arid India
•silks over $171,000; all of Avhich might well be rep;eaied, unless Gongress
should consider the former a judicious tax bh a luxury, and the latter as an
646
REPORTS O F ' T H E
[1835.
encouragement to the doriiestic product of.silk, which is beconiing widely
and successfully established, and w^hich, if deeraed a proper object of in, cidental protection by legislatiori, (contrary to the views lately entertained
by Congress,) would require a restoration of the duty on. European silks,^ ,
now. entirely free. Other articles could be selected; on which the present
duties could be reduced and repealed, at least to the exterit of |400,000
^annually, without injuring, it is expected, any doraestic manufactures or
.^agricultural branch of industry, or impairing the spirit and good faith of
! the compromise intended by the .act of ^Congress of March 3, 1833, and
which the uridersigned would most scrupulously preserve unyiplated. On
this subject, a detailed report will soon be presented to the Senate, in con,fQrraity to-a resolution of that body, passed at tlfe last sessipn. It is his .
deliberate opinipn, that such pf those reductions as are deenied perraissible
under the above limitatioris should npw be made;' ,arid the balance remaining, if too great for common fiscal purposes, be temporarily and profitably
invested, rather than .a large surplus, should contiriue to be collected for
the express end of being in any way finally disposed of, otherwise than;by
appropiiations to useful and constitutional objects.
^
The people themselves, itis belieyed, can best manage all their own moriey
. which they arid their representatiyes think may not be wanted for public
purpbses; and it would seern to be far preferable toMeave it oiiginaUyin
their posse^siPn, than to withdraw it for trie expensive ;Operation of-returning it substantially tp the place whence it came, and that probably in a
manner not cpriformable to the consritution, til.j after lhe ^delay of procuring
an amendraent to it; and even then not expedient, because calculated injudiciously to .strengthen the General Qovernraent, and to render the States
more dependant on a^ great cen tral ppwer for yearly and impprtant resources.
Indeed, a reduction.in,' the price of public lands, whose unusually large
sales the past year are the source pf, niost of the present surplus, would, if
their sales should not thereby be much increased, seem another mode far
more natural fo obviate the present difficulty. But,, before adopting it, this
and various other con si der ations., raustv.be weighed^ arid, it raust be fully
considered whether'air the. revenue-anticipated from, theni at their present
prices would not be'necessary: after the great reductions in the tariff-in
1842, arid-wheth^er a resort to a higherlariff would not then becorae indispensable, if .the average receipts froiri' lands or custbms should, from' any
new legislation, become then much diminished- below the estimates vvhich
have been submitted on the preserit occasion:,.
, ^'
^'
-
' ' VI. DEPOSITE.BANKS AND THE CURRENCY..
^
This department ta;kes pleasure in stating that the^ pubhc: money cbntinues to be collected and deposited, under the present system, of selected
banks, vyith greatease and economy in aU cases, arid with greater in some
than at ariy fornier period.' T h e transfers ofit to every quarter of the cou n. try where itis needed for disbursement, have never been effected, vyith more ,
, promptitude, and have been madeventirely free of experise to the Treasury.
The payments to creditors, officers, and pensioners, have been^ punctual
and convenient; 'and:the_whole fiscal operations-through lhe State banks
have, as yet, proved highly sa.tisfactory.'~ Incidental;to; this, the facilities
that have been furriislied to the comnierciar community in domestic
•exchanges were probably never greater,.or at so mcderate rates. In-the
1835]
SECRETARY O P T H E TREASURY.
' 647
course of this year, additional depositories have been sekcted in four States,
where no nevv ones before existed, and all the^branches of the United States
Bank, for some months, have been discontinued for ordinary fiscal purjioses.
They are, however, still used, as claimed by the bank, under acts of Congress^ for the payment of the outstandirig portiohsbf the funded debt, and
of invalid and other perisions, prior to'1832, except where the department
lias been notified that-the branches were withdrawn, as iri New'Hampshire,
Oonnecticut, Kentucky, Ohio, Missouri, Western Pennsylvania, Maryland,
South Carolina,-'and the, interior of Nevv York. The vy hole number of
selected banks, withdut including brariches, is now thirty-four, being, notwithstanding the addition of four new pries, less by six than last year.
.This'diminution has been effected by the discontinuance.of various old,
and, lo the Treasury, unimportant institutions, eraployed before; 1833,'iri
; connexion with the United States Bank, arid by adding no new ones, except
where the > pubhc iriterests seemed to render it imperative or expedient.
' >A great, though not the chief,-cause of some loss, which.formerly happened
in the deposites in State banks, is believed to have been the riiultiplication
of them to something over one hundred in number. The system is now
arranged so as probably to require hereafter few changes, excepting two pr
thi'ee instances, concerning vvhich a corresporidence isnow pending, .unless,
as is not anticipated, siich ^onerous conditions should .be exacted by Con'^ress, of the present safe and. efficient depositories, as to derange the system,
. induce sorne of them to withdraw, and compel the department .to intrust
the public funds: to other agents,; less cautious, skUful,.and; trustworthy.
Great care has'.been exercised in preparing;: frPrii the k'st returns made to
this department, and from data since obtained by an extensive correspondence, tabular statements, vvhich shoWj'in the most essential particulars, as
near/the Ist ofJanuary, 1835, arid as fully as. could be obtained, the names
and condition of each of-the State banks in the Union, of eacri of the
selected banks, pf the United States Bank, and of la.lt combined. They
exhibitj further, the capital and situation of all the banks in each ofthe
• iarge cities in, the United States; as vvell as ,of all in'each State,,arranged
together for GPnveriierice of^ reference, a n d t h e changes vvhich have since
happened in the condition of'the deposite^and United States banks. So far
as regards the capital, discounts, &c,. of all the State banks, only the,general
exhibit of,the aggregate results in each State is now communicated ; but,
iri a few days, all the v^oluniinous details'on those; points will be submitted
to the House bf Representatives, in compliance with its resolution ofthe
10th of July,: 1832. (Et 1 to 3.) , - .; , .
;, '
':
It wUl be seeri that the situation ofthe selected banks, as a whole, bears
an.enviable comparison with the rest :
"
.: ;
' In aU cases deemed proper, they have given collateral security, and are
' all belie.ved tp be entirely sa;fe; to the extent^they have been confided in.
Their idiscounts-have been," in gerieral,/Somewhat incireased,. buj; though
tempted-by the enterprising spirit of the. times, not us.ually increased in a
degree disproportioned to all their imrnediate available means. They have
'also, in some cases,-been'able to aid, a;nd have liberally aided, bther banking
institutions in their jieighborhpod, by as large and long; balances and other
indulgences as vvould generally appear to have been sanctioned by correct
principles. The;names of bach,With the amount of money in each belonging to the Treasury,/and subject;to draft, not only at the commencement
c)f the preserit year, but; a t the very last returns^ recei ved, can be seen in
648
REPORTS OF T H E
[1835^.
three of the columris of the statement H. INos. 2 and 3.. ,The distribu-.
tion of these suras is generally that which has been giv^en to them by
. circumstances connected with their collection arid disbursement. Ko occasion has arisen, in whiph the department felt justified in making tranfers
ofthe public money, except from ppints where itjiad accuruuIated, iri.the
natural course of collection, much beyond thepresent and early anticipated
wants bf the Gov:ernnieht in that rieigliborhopd, or in suras not^proportioned
to the responsibility of the public depositories there, arid tp points where
it either,Wpuld be better secured, or -probably vvould sobn be needed for
disbursement,, or,could, from the course of trade and exchange,;be raore
^readily applied to"any new objects which Congress vvould he^likely soon to
sanction: These transfers, when rendered .necessary, haye beeri perforraed
in such direotions, and so.graduaUy, thatjt is believed they hav^e tended to
'obviate rather than create any.pressure in the money market, apdlo aid
materiaUy the course of busihess in exchanges and the other comrnereiar
^operations of the country. ..
'^
^.^
The departraent is aware that, in thepresent overflowing conditiori.
pfthe Ti'easury, the regulation of these operations, with the selection and
superintendence ofthe deposite banks;is a task of no sraall difiiculty and
dehcacy; and, vyhen governed by a strict andnniforra adherence to sound
principles, as has been attempted, iriust necessarUy lead to many disappointed applications. Biit, in, the abserice of that specific legislation, on the
subject, .which has been, and stiU is, earnestly requested, the dppartraerit,
jias riot hesitated (it/is hoped faithlully) to discharge, cind frankly to explain^
the duties, and the high and paiiiful respdrisibUity which so much discretionary power has imposed. >
, .
:'
' ;
'.
For various reasons of public, importance, it w;as, deemed desirable, and
measures have beeii adopted, and recornraendatioris urged, that the specie ,
in the vaults, of a nuraber .ofthe selected banks'should be still, more increased in coraparison with their is.sues and deposites, and tha,t a still larger
portipn of thevvhble curren.cy of the country, especi^ally for sraall purposes,
should be nietaUic. In iraproveraent of the curren.cy during the past year,
riiany of the -selected banks- have riot only continued to obtain and pay,
when' warited lo the public creditors, American gold, luithav^e entered into
.salutary arrangements forthe redemption, in, our large cities, of,.most of
their bills, which, may be received in paynient\of the public dues, It is
hoped that, in the progress of time, these beneficial arrangements may be
further .extended tp most, if not all, ;of the bUlsin circulation, pfthe large
institutions; and fheintroduction of hard raoney, for the ordinary uses of
life, be facUitated, by all the banks ceasing to:circulate bills of sraalf denominations. It is; gratifying to fipd, that since the adjourn ment of Coiigress,
in addition,to .the,States"of.Pennsylvania,.Maryland, Yirginia, Georgia,
Terihessee, Louisiana, North Carolina, Indiana, ,and Kentucky,, which,
before that time, are believed riot to have allovyed the. cri'culation of bills
under.five dollars ; bthers, viz:- Maine, Cpnnecticut,.Nevv York, New .lersey, and Alabania, have united in similar legislative'nleasures; except Connecticut has, as yet,' extended the prohibition.to:only.o,ne and two dollar
•bills. . • '\ . / ' : ; • ' ' / ; • ' fi\' fi/fi-'' .•<, - • -^ '[ .• ••'., / '.• '•.'''-•i
; In Mississippi, and lUiriois,it is understood that bills Imder. five dollars
have not recently been issued, arid, Missouri has no, bank.issuing bills of
any denominatibn ; so that more: Ihan tvyp thirds pf^ the ^States have
already usages or lavv^s in. existence on this subject, of a highlysalutary
1835.]
SECRETARY OF T H E TREASURYo
649
tendency:. The g r ^ t benefits vvhich have already resulted to the general
condition of the 'ci;irrency where such riieasures have- been tested, besides
riumerous bthers.to the security of the bariks themselves, arid to.the less
moneyed classes of society, detailed in the supplement l o the last annual
report from this depaitment, would seem to be a sufficient inducement for
siriiilar legislatiori on this important sabject in all the States. In some of
them, where lib' laws'hav^e yet been passed to suppress the circulatiori of
small; notes, their deposite banks have voluntarily en tered in to arrarigements
not to issue certain descriptions of them; and most ofthe deposi te'banks have,
in a correspondence -with the-department, evinced a vyillingness to cooperate in the suppression of sriiall notes, Whenever the regulation can be.
made general. The-Treasury.,so far as seerried practicable;and'judicious
.with, its preserit powers, has endeavored to promote so desirable an end, not
only by instituting the inquiriesriri that correspondencej but by instructions '
to its collecting Pfficers riot to receive in payment apy bills under-five dollars after the 30th of Se'ptember, 1835, (I.) It proposes to go further,on
this point the ensuing .year., so ^as to' pi'ev^e;nt:the receipt for'public dues pf
all bink riptes urider ten dollars,'unless .Congress in the mean time shall ;
adopt spme new 'provisions' on this subject," similar, it is hoped, to what
previoiisly have-been, and stilf are; urged by this departriient,'not oiily "as
to the deposite banks, arid the kind of bills received for the revenue, but as
to -the-suppression entirely;in th,e .District ot Columbia of the.circulatioa
of any bank notes, urider ten dolla fs in amount. The means for a sound
currency in this country are: at ^present ample.' Within the last two years^
. or from October Isf, 1833, toNovember lst,'1835,in additionio the forraer stock
of specie,:there; has been imported irito the United States, beyond the exports
from itf vyith a due allowance for vvhat does not appear on the custbmiiouse
books, raore than tvverity-seveririiUUoris; and the produceof bur own miries
within tliat period is estimated to have been over three millioris:^ Herice,
the whole amount of specie now in the couritrf probably-exceeds the sum
of sixty four mUHoris; and the means of the community to obtain more'
from abroad, t c nieetany.contemplated; chariges in the character of our
cri rrency, vyere/ne ver ^greater. ^ The actuahiraount of. specie returned, and
• estimated as belringing tP. all the bariks in the United States, about the 1st
of Jan uary, .1835, was' near forty four millions.. As a pprtion of that may
have been buUion, a sum quite equalling, if not:exceeding, the remainder of
twenty millions,, probably consists of-the amount of specie in actiye circulation, vvhich has been somewhat increased throughout the country duririg
the last tw^o years ;• so that, if the remaining small bills in circulatiori under
five doUars in the vyhole Union, vvhiph are'chiefly in; seven States, arid
r which probably ^ do not exceed six or seven: millions, vvere withdrawn, it
, wpuld not require, to supply their places, orie third of the addition which
"•^ has been made in the last two, years to the national stock bf the precious'
'metals.; The spe.cie^on hand, in banks, vvUl in this way, as it ought, soon
bear a largepropbrtiori.to their notes in circulation, and the security and real
usefulness of all banking institutioris to the community be thus greatly augmented.^ The. specie in active circuiatiori, thus'increased.by excluding
,, smaU^i:^bteS'.vviU constitute, whUe retained in the country, a great and safe
relilince for the banks tb deperid on, (besides what belongs to them in their
vaults.) vVhenever an unfiivorable course:of exchange abroad, or a panic at
home, shbuId cause'an unusual demand for specie to ^be shipped abroad, to
meet a blilance bf trade against us, or to be used in circulation at home, by
650
REPORTS OF T H E
[1835.
those whose confidence, froni real or imaginary causls, may fora time become diminished inihe security of banks. When the further suppression
, of smalinotes, extending to aU under ten dollars in amount, shall bedeemed
advisable by Congress and the States, no doubt is entertained that sufficient ^
specie can and vviU be readUy found to supply their place,.in connexion
,with:what now exists in; the country. : The proportion,of specie to bank
notes iri circulation nvill not then be so great as it is in.all tbemost coraraer• cial riations in Europe. (See Table of Circulation, in Sup". Rept. 1834. p. ,616.)
Hpw ranch farther it may be deemed feasible to^go, with a.fair prospect of
advantage to the coraraunity and our currency, pan be better settied at tiiat
tirae than at the present
'
' i . / .'
^
Under its nevy valuation, the-coinage of gold af the mint, from the, 1st of
August, 1834, to the 1st of November, 1835, has beeri |5,471,505, or over
treble the amouot supposed to have been coined in any previous period of
similar lerigth. The ratio has been somewhat iessened the last six'months,
by severa;l causes; of which an impoftantonehasrieen, the desire to provide
more quarter eagles, and a/ull supply pf silver change to meet the increasing
demand in severa;i States, frpm the withdrawal of sraall notes from circula- v
tion. The coinage of silver haS' beep exteiidedj in the first eight moriths of
,this year, to over eight and a third millioris of pieces, which is believed to
be much beyond the number in the same portion of any .precedirig year.
The building pf the three branch mints, and.the procuring of their appropriate machinery, authorized';by the iact of the 3d of March last, vv^as devolved by the President nf the United States, on this department, and has
been prosecuted vvith all practicable despatch.
'
,
' ,
.
^
The estiraates. and viPws of the director on that'subject, as vveU as^on
pther improvements connected with this iraportant and increasing estab.dishraent, .will, with ris vvhole' operations the currentjyear, and the details
.ontthe progrpss raade in the nevy^buildings and, machinery, be seasonably
presented iri a separate communicarion-; and this departraent does not, on
this occasion, deeiii it necessary to invite special aftentioir to any thing fur- .
.ther connected with either the mmt or cur coinage, except the several recomriiendations relating to them, which were contained in its last annual
•report,,/ '
, ;\ . ; : • . , . • ^ • •• •.''. ••••,".,• :.^
^
-The same, reasons then assigned; for clpsing,'; by a special act-of
Congress, the concerris of the sinkirig fund, and of the corinexion of ^the
Governmerit, after the 3d of March next, with the United States Bank;
on the subject of both the national debt and of pensioris allowed previous
^ to 1832, apply now with increased force. It is considered that nothing
jieed be added'to the suggestions then made on these ppirits,,or on, the subject of. the seizure of the dividends due the United States by the bank for ^
its claim for dama<jes on. what is called the bill of exchange on the Gov- .^
.^ernmpnt of France.s . ,
.
>
';
, ,. -^ •
: /
^ ' As Congress,has never yetgiyen its^sanction to that claim, or ;riiade. any |
appropriation, for ijs payniept, it is yery desirable that, in its finalproceedings
concerning tha affairs .ofthe Governriientwith the bankj spme special direC:tipn should be included bp that subject,.as well as on.the reports to be required, and agency exercised oyer the interests of. the United States in ihe ^
bank thp ensuing two years, by any public officer: ,; A directipn seems-,proper also, as in 1812, concerning the receiptpf the biUs.,of the.bank for public dues,"aftpr .the 3d of March next; and on the disposition or iuvestineiit of the iriterest of ^the United States in its capital stock, whenever paid; "
over to the Treasury. Some explicit action of Congress on the subject of
1835.]
SECRETARY OF T H E TREASURY.
651
the above claim fpr damages is very desirable in another view, > so as to
enable .this'department, in case of the receipt of ariy part, of the French
inderanity, to decide correctiy whether the.divide'nds seized by the bank
should,in any event, be considered the loss of the United States; or should
be deducted frpm the apiourit received for the claimants under the treaty,
in whose behalf the business vvas transacting In which the demand for
damages origriiated, and to vyhpse credit the preserit act of Congress requires
shall be paid into the Treasury only 'HheVnett proceeds" ofeach iristalment.
. .'
'
VII. MisCELLANEOUS/SUBJECTS.- .
,
In'the course of the past year, the department has, at various ports, discontinued, as nPt riecessary, fourteeri custom-house officers;..-and at others,
reduced the compensation of a few. This has enabled it to augment the
number and.'compensatiori at^sorae rother points; where the increase of
business appeared to demand it, though riot, in all places, to the extent,
desired.. From the diminished temptatibn to smuggling under our reduced
tariff, this department has felt justified in lessening the number of revenue
cutters two, or one-tenth of the vvhole; the number of boats three; and the^
number pf'officers arid men over fifty; making hereafter an annual saving
in these respects of about $20,000. After full inquiry, all has been effected
on this subject vvhich the public hi terests appear now to justify; tlie expenses of collectiori in this and other particulars should be considered in
reference to the ^ro55,,and not, as is sometiraes inadvertently dbne, the nett
revenue: the forraer being the araourit which. the .custora-house establishment must actually assess; and the difference betvyeeri them being.in part
paid out for other objects than the'mere^expenses of collectipn—such as
bqunties on the fisheries, .and refunding of duties. - In deciding on the
reasonableness of those expenses, it must be manifest that-a certain, nuinber
of officers, cutters, boats, (fcc, equal to the'coUection of a large sum,, cannot
be dispensed with at mapy places, if any revenue, however sniall, is to be
eoliected; .else there would be no adequate,security against illicit trade,
and no riieans, of furnishing prpper,eptries, clearance's, and other papers;:to
those erigaged in navigatipn, though their trade may be ahnpst exclusively
in thepresent large amount of free goods. ;pr in our widely extended ^coasting busine'ss.
',.
' '. ^ > '
„ .'
\.
' In coniputing the rate:per cent., for ,cpllect,ing the revenue, it must also
be ..remembered that the rate; is larger as thearaount collected diminishes,
and smaller as it. increases, though the whole actual ex.pense of colleption
per aririuin remains the same. , Fiirtherraore, the hecessary co.st of coUect- ihg thirty millioris of dollars at the same ports obviously need be but littie
more than tp collect half that,sum, though the^ per centage, in one case,
will be double what it is in the othei;.; This department, since the, reduc"^tion of ihe whole duties to be collected in 1833, and the corresponding
decrease in the inducements .to,smuggle, hasendeavored to reduce ihe
whple actual expenses, arid has, in. some degree, been successful; though
the (Whble cost of collection maystilf constitute a larger per centage than at
some former periods, a.s the whole ampunt of reveriue is, so much lessened.
: Thus, from 1790 to 1794j that; cost, though small in itself, rose, in .soriie
of those years, to;niore than 5^ per. cent, ori a small revenue, or to abpiit
the same; as-in 1833 and '3.4, arid vvhich is quite two per cerit lower than
the average in England,- and: four per cerit.-lovver than in France. But. in
652
REPORTS OF T H E
[183.5.
most interraediate years, for reasons before stated, and others too obvioiis
for recital, thecost of collecting our revenue frpm customs, aswell as landsy
has seldom exceeded; 3-^ per cent.; arid from thelatter is now probably not
half that rateV Besides the explanations already given Pn ihis subjecr.it
is hoped that the new expenses will ere long-cease, which have recently
been imposed on the coUection ofthe reveriue, by the necessary preparations
for niaking, and the actual inanirfitcture, of useful and iraportant standard
weights and, measures, and-unifprm sets thereof, for allthe custom-lio uses
in the-United States.-^:
' ^
; .
Iri additipn to the.reconimendatiorisirrthe last'arinual report as to lighthouses, it inay be observed, that this departrrierit, during ihe recess of Congress, deeraed it ,proper tPcaiise a thorough ;iriquiry to tie instituted into
the vvhole subject. /Theinquiry extended to the propriety of discontinuing
any of the" present light-houses, or .of buildino others;. the. expediency of
changing the height or, niaterial of any of these edifices;, the best manrier
of lighting theni. in respect;to the kind br number of laraps.pr reflectorsthe various substancps used, arid raost suitttble to, give the best light Vit thp
sriiaUe;st expense;, and, in fine, the.economy of majiaging the whole cstab.lishment With this was coriibined.a systera,pf uniform instructions to;
,'the light-house keepers, for-the discharge of tiieir^pubhc duties. The
reportof the Fifth Auditor, and ihe^ corresporidence growing out of; this
inquiry,:develop some interesting .facts; arid the vvhole proceedings will,;
with pleasure,.be laid before Corigress at some other appropriate opporturiity.
The repbrt of tlie^ Commissioner of the General Land.Office is accompanied by so ;many long'and importaht dbcuraents,.that it is herev/ith sub-'
mitted in a separate communicatiori. Besides the remarks riiade a year since
by this department on the rapid increase of duties in that bnreau,-arid,the
^corresponding'necessity .for "an increase of clerks to disposp^of i t promptly;
arid correctly, the experience of the. present year has, by the v'as>t sales of
lands vvhich have occurred, added- new force io all that Was ihen urged.
Taking either the number of. acres:sold, or the .amount of nipney received,
\as a guide, it will be seen bythe table (F) that the busiriess has more than
doubled withiri the past five years.
. ; . . ' , ' > ' . . '
.
, '
-rhe reGommendations contained .in the Coramissioner's report wUl, it is
hoped, receive that 'early and grave attention which.the;convenieiice-and
interest of the Whole country, and especially the southwest and west, seem
iriipfertousiy to requi rei; As a subject of retrenchment, connected with this
bureau, 'where the character of the bus:iness 'will perpiit, it is''Siig2:ested 'to
Congress whether it niight not be advisable to discoritiriue the offices in "a
few districts, arid annex theni to the'adjoin ing pnes, on the ground ihat the
public sales recently made at them, or anticipated hereafter, are not sufficient to justify the expense of cbn tin uirig thern as distinct offices'.'
• Several other subjects, suggested for consideration to the last Corigress,^
and not finally acted-upon, are again respectfully urged ori its attention,
.without going in to a. r e petition of ^,the views then submitted; in relatipn to
^them.
• . ••; ':
^
«• - • ^ \ -
•.
' '
^^
:. ,• 'v
•
_ - : . • • ..
-'•/-"
Among the principal were,4he change in the.commencement ofthe fiscal
year; a reorganization of the Treasury Departrnerit, especially to increase
sopie ofits. checks; further controLover some ofits discretibnary ppwers, by '
more specific, regulations as to the deppsite bank^, and the keeping and
disbursing of the pubhc inbiiey; the revision of the laws as to the niarine
hospital fund; rebuildirig/the Treasury offices; legislatipn on tiie provi
1835.]
SECRETARY O F T H E TREASURY.
653
sees in the act of July 14, 1832, and other poinls, to enforce the spirit of
the present tarifi'; and making new, provisions pn the^number and compensation of custom-house officers. Inthe report and bill connected With this
last inatter were mcluded seyeral suggesrioris for further changes in the
present systeni for collecting our reveriue froni customs, to .vyhich, pn some
future occasion, vvill be subjoiried such as have since dccrirred from additional experience alid inquirieSi
,/
/
/
Yeirious other subjects,;specially devol yed .ori the head of this depart-,
ment, have received the;attention and laborWhich they appeared tp deserve;
but, from the length to which this report has already-extended, the pro-,
ceedings in relation to them vvUi,'at an early day, be separately communicated, to Cbri gress.;
.,
s
...
'
^ (' ' ' •.
=;
All whichis respectfully subniitted.
'
- . :
LEVI WOODBURY,
' ;
;~
'
; fiSecrttary ofi the Treasury.
TREASURY DEPARTMENT,
i
• ' ;' "•
Decembe7/8^\83o...
-^
'•,
••'
,.
.'
Schedule ofi documents acconipanying the anmial report ofi the Secretary
";
^ of the Treasury.
V <
^ A. A general statement o t the estimates.:appropriations, receipts, and experiditures, with the iniports and exports, in the years 1833,1834, and
1835. . . . . . . ^ . - ; , ; . ^ ./._-•; . :-;•/
•.• ,•
B. All exhibit of the iraports payind"' duties, and of the experts, with dravv: back, in 1832, 1833, 1834, and 1835:
C. Amount of imports and corisu'mpriori of foreign merchandise^ iri each
' year, from 1790 to 1835. .
V
'
.;
'
' '
D., Arriouiit of exports, and those of domestic products, in each year, from
1790to^l835. .'' .fir ; . ;: •••' -'/- ; : • '
^ ' ^ .
.'^ .
f E. A table of exports of cotton, with their value at four differerit and distinct periods of three: years each, with notes. :
;v;
F . ' A s.tatement of the '^ales ofiand, and receipts therefrom, iri each year;
since 1789, with the donations of land,during the same period. .
G. Cbrrespondeiice as to the diyision of the- capital stock of the Bank ;of
/the-United States.
\ .,
<"
,;
.
H !• to 3.'Tables showing the condition^ of all the banks in.each State, of
•»
thedeposite banks, arid of the United-States Barik, about the^ 1st of
J.anuary, .1835,.(fcc.'-: '. " ' •' V,,' ..: :' '
/fi
I. "Circular, restraining'the receipt df sniaU bills for public d u e s . . . . "• •''
654
REPORTS OF T H E
[1835;-
SJTATEME.NT of the, estimates ofi expenditures and revenue, as exhibited in the reports ofi the Secretary, ofi the Treasury ; also, the actual
apprppriations and expenditiires.^with the imports and exports fior the
yearsl833, 1824,'and I836fi '
/
; •
•
•
'
,
•
'
'
^
•'
.
1833.
'
Whole estimates forexpenditiires, . ^Whole estimates for contingent ex.penditure Whole appropriations ; - '
Whole actuai expenditures - •
-
;
1834.
,
32,6957782 65
24.;257,298 49'
'2;4,.601,982.44
24,000,000 00
33,948,426 25
Expbrts: Domestic ' - '
; ' .Foreign , -
-
70^,317,698 00' 8r,024,162 00
19,822,735 0,0 - 23,312,811 00
:
-/
,
t ^
- 2,500,000,00
^17,720,908 57
18,176,141 07
.20,9687992 49
-.
,. •(,
Imports .
;S17,i83,541^52
S25,295,237 17 $23,501,994 85
Whole estimates for revenue -. "
Whole actual revenue , '
:
• >
1835.
18,500,000.00 - 20',000,000 00
21,791,935 55 ' 28,230,881 07
98,531-026 00
20,424,213 00
. ., . • • . .. Total, 90,140,433 00, 104,3.36,9,73 00.
^-' ' -. 108,118,311 00 -126 ,'521,332 00
' •
-.
. . . •
-•
•
. ^ •
118^,955,239 CO •
151,030,368 00
. ' ^
Estimates for—, , '
• •• . ''
Civil, miscelianeous, and foreign
'2,800,897
'intercourse - - ;•;
- 3,739,361 70
• M'ilitar}^ - - '
,-.• ' •- • - , 10;878,790 09
11,654,942
4,051,073
Naval' r
3,377,429 38
; Public debt •
.- ..., -s. - 7,299,656.00^ , ; 4,995,082
' - Contingent expeiiditures - ' , •
"
'
_
33
25
19
08
•
;
,
:
-
2,788,22^85.9,672,654 .50
.4,672,661 17
'50,000 00
2,500,000-00
25,295,237 17; .23,501,994 85. .19,683,541 53 "
:
:
"
.
,
'
:
•
,
.
•
'
:
:
^
:
;
•
/
Appropriations for— ;
• •• , Civil, miscellaneous, and foreigh iRiercoiirse
-- • ' ,Militkry - /
' - • ' -.
N a v a l -^ . -.
-:
.•Publicdebt
,• •. -'
5,796,723
13,031,187
3,867,872
-' •
, 10,000',000
•
• , r - . ' ,-,
57^
07
01
00
"4,614,015 04 • '3,582,853 95
11,776,604.08,
9,139,820 49.
4,578,373 37 -•,: 4,998,234el3
' .
.•
•
••
-'•'
..
• '
'
fi.''
'.
• ' , . '
Expenditures for—
...
Civil, iniscellaneous, and foreign
intercourse - ->
Military . - ' . - , Naval
. - "
^ Public debt '
' -.
'
Estimates for revenue— '
From customs -Lands
, Miscellaneous
•
'
-.
-^
••
,3?, 695,782 65,, ,20,968;992'49
17,720,908 57 ^
5,716,245.93
4,404,728 95
13,096,152 43 ' 10,064,427 88
3,901,356 75
3,956,260 42
.1,543,543 38
6,176,565 19
'3,705,'^368'53
9,507,635'56
4,916,999 80
59,150 07
'24,257,298 49
24,601,982 44
18,189,153 96
21,Q00;000 00
\2,500,000 00
500,000 00
15,000,000 00 ^ 16,000,000 00
3,000,000 00
3,500,000 00
500,000 00
500,000 00
24,000,000 00
18,500,000 00
\
^
}
, 20,000,000 00
5.—7—-
•
•\
183.5.]
SECRETARY OF T H E TREASURY.
655
S T A T E M E N T A—eontiiiued.
Actual, feceipts-T- ,
Fromcustoms
Lands
•
^-'
' ,
- S29,032,5O8 91 \^16,214,957 15 • SIO,088,881 00
11,000,000 00
"3,967,682 55 .: -4,857,600 69
750,000 00
• 948,234 79
719,377 71
• - . . . - ' ^' - -
Miscellaneous ', -
21,791,935 5 5 . -. 28;430,881 00
33,948,•42a 25
•
"
'
.
•
•
'
' '
^
'•
1835.
1834.
1833. -
•
'
NOTE.—The last quarter of inaports and exportSj and of receipts and expenditures for 1835,
depends on estimates; and hence the whble amount df thfem for that }^ear may not be correct.'..
-
•
"
•
•
"
/
;
•
'
:
•
•
"
•
•
'
,
•
•
•
•
'
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•
/
•
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^
-
•
•
;
•
•
•
-
;
'
^
•
^
•
S T A T E M E N T exhibitiiig th^
compared loith the
value paying d/uty, - the value firee ofi duty, and also with the value
exported ofi diltiable igoods, and the consumj)tion of dutiable articles,
during the years ending' on the 30th September,1832, 1833,1834, and
;i835.^"
...'
^
/
•
.:: "
'.'
.:
./
Value of imports.
,
'
^,/.-
," .
Years.
1832
1833
1834
1835*
Free of duty;
'
.
^
••••-..-
'' Value of
: Value of
dutiable articles dutiable articles
consumed, v.
expoited. \'
Total value.
Paying duty.'
.S101,029,286
'-'886,779,-813' V Sl4,-249,453' , 1^18,448', 857
108,118,311
: 32,447,950 .
> 75;,'-670,361
68,393,180
' 126,521,332 ' ; ' 58,128,152
73,587,132
15^,030,368
TREASURY-DEPARTMENT,
^
-
./
,
77,443,236
^68,330,956
12,411,969
63,258;392.
10,879,'520
47,248,632
' 7,390,465 , -66,196,667
^'v-
V Register's Office, December 4, 1835.
T. L. SMITH, Register.
* The ihip'orts and exports duringthe (juarler ending on.the SOth September are made up,
iri pa,rt, on, estimates received from coUectors.
. '
'
REPORTS OF THE •
656
;
:•
•.
C
.
,
:
•
•
:
[1833
•
I M P O R T S and consumption of .foreign •merchandise in the Uniied
. , ,
, , - ' " . -
Years. ,.
,
.-
iStates.
.'
Whole iniports.
,Whole exports of foreign merchandise.
Value in dollars..
Value indullavs.
, ;
•
••
•'
Actual con.sumption, in' eluding, free goods.
-
' Value in dqllars.
1-790'. '
-' 23,000,000
23,500,000
•• / . • ;3oo,ooo
1791
,29,„200,U00 50 ,000'
-30,000,000
1792"" • ^ '
' -^ " 31,500,000 • " ^
1, OiiO, 000
' ^ .
31,500,000
1793
' . . .3i.,UK»,.00a
1,750,000
*,
30,800,000
34,600,000.
•. .' 6,500,000 .
29,500,000
1794 '
:
69,756,268'
63,000,000
8,300,odo
..• • .1795
1796
. 81,436,16426,300,000
56,636,164
1797 .
- 75,379,406
27,000,QOO,
50,379,406
• 1798
, 68,551,700'
:. 33,000 ,'000
37,5.51,700
1799
79,069,148
45,523,000
35,546,148
^ 1800
91,252,768
49,130,877
44,l21,b91
:. 1801,-' '
. : 111,3.63,511
- . 46,642,721
,. / . , •66,7':^0,790
35,774,971
• , 1-802. . • 76,333,333
. .- 42,558,-362
- 18u3 '
••
l3;594,07-2'
' '(i^,G6{'/,mr'
'
• • ^^'52,072,594
1804- -^.
85.j000:000 .
36,23i;5i!i7 , .-••:
- ^ 50,768,403
1805
' 120,600,000 ;
. , .53,179,01969,420,981
'
' 1806
• ^ ;• 129,410,000:
.60,283,2:34 .
' •
71,126,766
1807.'
.^ • 138,500,000
' 59,643,558
•'
81,856,442
1808 , .,,56,990,000^ '12,997,414
-- 46,992,586
1809
.;
' 59,400,000
' • . ' 20,797,531
41;602,469
1810 85,400,000 J
24,391,295 ' • . •
64,008,705
:
.
.
'53^400,000.
16,022,790
\
40,377,210
.. i8ir; ^ .
1812. :..•
: • , . 77,030,000
'
.8,495,127
71,534,973
1813
- .
22,005-,00'0- - • • ' . • 2,847,8,45.
^
23,157,155
1814
-' '
12,965,000.
145,1:69- .,
15,819,831
^ 1815
• V - 113,041,274
6,583,350/'
. 109,457,924
1816
147,103,000.
\
17,138 ,.555.
; : .,132,964,445
1817 • 99,250,000
19,358,069 .
82,891,931
. 1818 '"
- ^ 121,750,000 19 ,-.4-^6,696
105,323,304
1819 .
: 87^125,000
19,1:65,683'
'.
70,959,317
1820' / 74,450,000 . 1-8,008,029'
:,
; 56,441,971
1821
' •" .#2,-585;724 •
^
21,302,488
. c 41,383,236
1822' . • - ''. 83,241,541
' . ,22,286^202 "
60,95.^,339
1823'
/ - 77 ,'579,267
27,543,622
^
'
50,035,645
• .- 1824" / '
80,549,007
25j337,L57. .
55,211,850
. ." 1.825 •
: :96,340,075
33,590,643
;
63,749,432
1826
, 84,974,477
24,539,612.
>
.60,434,865
1827
79,484,068
23,403,136
56,080,932
1828 .
: ' 88,509,824
21,595,017
•
66,914,807
1829
• 74 ,'492,527
16,658,478
57,834,049
- 1830- -.
/ 70,876,920
1'4,387,479-:
. ' '
: 56,499,441
1831
103,191,124
•. 20,033,526 •
• . ,
• '83,157,598'
1832,
. 101,029,266
24,039,473
76,989,793
1833
108,118,311 . ^ . ; 19,822,735
88,295,576
.1834'
- 126,521,3.32
, ;
23,812,811
10-.', 708,521
1835*
151,030,368
20,424,213
130,606,155
^ Partly estimated for the quarter entling 30th September, 1835*
1835,]
"SECRETARY OF THE TREASURY,
,,657
C—Continued,
.
REMARKS.
.,
1, Prior to 1821, the Treasury reports did not give the value of the imports. Their value, from
1:795 to 1801,1^5 been taken from Pitkin's Statistics. .The value of those in 1815, from Seybert.
The value.pf those in 1802, 1803, 180,4, 1807, 1817, 1818, 1819, and those from 1790 to 1795,
from manuscript notes and estimates now made in the department. The value of those in
1805,, 1806, 1808, 1809, 1810, 1811, 1812, 1813, 1814, 1816, and-1820, from calculations and
comparisons with G.ther years. The value'of the imports from 1821 to 1834, inclusive, has
been taken from official documents.
• ^
, •
In Blodget's Manual, page 62, is an estimate of imports from 1790 to 1804; but it is to.o low
in amoimt, being only as follows, though including the stock, furniture,'(fee., of emigrants:
In 1790'
1791
>
.1792
1793
1794,
^ 1795
.1796
1797
1798
_
_ '
^
_
_
_
-„ '
_ :
\
'-.'
_
^
_
.
-.:••
^
..
^- - . . - .
- _ - . .
_
^
_.
_ "
1799 \
1800.,
1801
1802
_ ^
_
_
_. .
_•
_
_
_•
1803
1804/
_
_
;_
^-
-
-/"
_
_
_ .
^
_
-.
_
-.
_
_
-
.
_
.-=
-.. ,
_
_
_
_
•_
-.
.-
_
-^ _ -
.-'
_•
•_
:
.'»
-: -- .
- L ,
• -
•_-
. . .
^ . Sn,500,000
^_
.
19,000,000
_v . »
"22,000,000
»
^
26,000,000
_
..
34,000,000
'-.
48,000,000
«
68,000,000
_
.^
52,000,000
-
.. -^
-^
-
> .
-.
_
- , /
-
_,-
«
^
._
._
_
-
_
«
~
-
--
/ _
^
_.
- ..
_
_
'
-
.63,OOOCOOO
79,500,000
71,800,000
88,900,000
73,000,000
56,000,000
8d,000,W
2. As'the books of exports from 1790 to 1803- were lost or destroyed during the war, (see
.letier of Register of Treasury, 28th October, 1834,) the amounts of exports of foreign merchandise from 1790 to 179.6 have now been estimated in^the department from official returhs.
, In Blodget's Manual, page 64,is-a different estimate for those years, which is as fdllows:
in 1790
1791
1792
1793.1794..
1795
_
L
_
_
_
_-^
>
'_;
-.
^
- .
- -^
_
-'
..
,>_
.'^
- ,
-/
^_ . _
^--.
- '
-
-' ' ~
L
_
- . •_
._
-. •
Sl,800,000
3,799,202
,5,945,568
10,591,788
16,843,625
,29,791,506
Those from 1796 to 1802, have been taken from various sources believed to be authentic, and
in part from data given in the:, annual Treasury. Report of December, 1801. Their values from
1803 to 1820, have been copied from Pitkin's Statistics,-and are believed to be chiefly from
official documents; arid..from 1820 to 1834, from official returns on file. "Free goods areincluded in thetotal of exports,'but not in" any accdunt'of imports previous to 1819. Hence,
up to thatyear, hasbeen added for the .consumption of free goods:
,
,
Sn 1790 and 1791
" 1792 to 1796 ^
'
1797 to 1806
1807 to 1819'
- _,
_
-- L
y.oL. 1 1 1 . - 4 2
-'
_
- -
/'~
-
.
_
>
-'
"fi . - #1,000,000 per annum.
-.
1,500,000- do.
' _ ^ • _ 2,000,000 do.
.- '
3,000,00() do.
[1835.
REPORTS OF THE ,
658
D:
VAL UE of exports of the United States.
Year.
Whole exports.
Exports of domestic products.
- ^-20,205,156
1790^"^
19,0,12,041.,
1791
-1792
20,753,098
1793
26,109,572
33,026,233;1794
1795
•47,989,472 •
1796
67,064,079 56,850r206
1797
61,527,097
1798
78,665,522
1799
70,971,780.
1800
180] '
94,115,925
1802
72,483,160
1803
55,800,033
1804
' ; - 77,699,074'
1805 :
.'. 95,566,021
1806
101,536,963
1807
108,843,150'
1808
22,430,960,
1809
52,203,233
1810
66,757,970'
, 61,316,833
1811
1812
, 38,527,236
. ^
Year.
Whole exports. Exports of domestic products.
.S25,.©08,132
^27,855,997
:i8i3^
S19,666,000
18,500,000
1814 , . 6,927,441 .
6,782,272
19,000,000
1815
52,5.57,753
, 45,974,403
'
,24,000,000
1816' - 81,920,^152
64-, 781,890
' 26,500,000
,1817 ' . 82,671,569
68,313,-500
.39,500,000
1818
93,281,133
73,854,437
' 40,764,097
1819
70,.142,521
-^ ' 50,976,838
, 29,850,206 1820
69,691,669
51,683,^640
> 28,527,097
1821
. 64,974,328 ^
43,671,894
-33,142,522
1822
• 72,160,2§1,
49,874,079
31,840,903.
1823
. 74,699,030
'47,155,408
,47 ,,473,204
1824 '
75,986,657
' 50,649,500
.36,708,189 •'
1825. 99,535-, 38866,944,745
- 42,205,961
1826
77,595,322 •
53,055,710
41,467,477
1827
82,324,82758,921,691
;42;387;002
1828
72,264,686
50,669,669
'
41,253,727
1829
72,358,671
55,700,193
48,699,592
1830
73,840,508
59,462,029
^ 9,433,.546 •
1831
§1,310,583
61,277,027
v-^ 31,405,702 ^
1832 •
87,176,943^
63,137,470
42.366,675
•1833
90,140,433
70,317,698
81,024,162
. 45,294,043
. 1834
-104,336,973 '
98;531,026
1835* - 118,9.55,239
. '30,032,109 '
,
-
.
• '
In Blodge.t's Manual,',page 64, the ex:portsof all,kinds are given, and of domestic products.
The3^ .do not differ much, except from. 1790 to 1798, whic'h are computed by him as follows:
1790
1791
1792
1793
1794
Whole exports.
-
•
.* Partly estimated for quarter ending 30th September, 183c
' NOTE,—The above are mostly from official returns, except fhe doriiestic exports from 1796
to 1795, which have been recently estimated bjrthis department fromthe quantities on record,
and comparative statements, except in 1791, the Tfalues of which were then estimated in' the
annual repprt for the-calendar year.
'''
Year.
1
1
i
1
J^16,000,000.
18,399,202
21,005,568'
26,011,783
33,043,725
Exports of domes- - Year.
tic products.
S14V206,900,'
'14,, 600,000
15,060,500.
' 15,420,000
, 16,20b,100-
Whole exports. Exportsof 4omes^ tic products.
1795 '•^46,855,85.6
1796
67,064,097
-51,294,710
•1797 .
61,327,411
1798
'/
^St8,064•,050
20,024,021
,24,052,671
,27,991,413
•
•
|J='See Table C, for exports of foreign merchandise each yearj for further explanations.
•
1835.]"
SECRETARY OF THE TREASURY.
659
E.'
.
E X P O R T S of cotton.
Gluantity.
Years.
.
'' '
, .
Pounds.
1792
1793
1794
Do.llars. ;
138,138
487,600 ' :
1,,601,760
: 32,000
-"• 107,272
~ 320,352
•3)2,227,688
•
3)106 7-10 riiiilions.
.'
1822
. 1823.
1824 ;_•
35:6
344
millions.
22:1
. 322i:~^ millions.
. 3 2 4 ^ ' " ' do.
3841
• do.'
3)l,031i
201
m\
153.5
millions..
.
. '
' millions.
• do..
. do. ,
Average.
. Average.
,
24 ' '
,20k
-211
3)460 6-iO millions.
.
1
5i
71
71
6.9 -
144'6-10 inillions.
173 7-10 do.'
142 3-10 do.
4832^ •
1833
• . 1834 -
!
153-,208-
27^
.millions.
4 1 1-10 do.
38 1-10 clo. . '
•
.•
459,624
. ' . 742,562
1802'
1803
1804
r.
.
Value.
millions.
do.
do.
.
millions.
:
'• •
'
'
-
, Average,
31f • '' . millions."
36
' do.
-491
do.
117i
39.1
.
millions. |. Average.
; NOTE.—Lookingfurther to the fut-ure in connexion with the pasf, a brief comparison of the
quantity and value of our exports in cotton^ at ,a few equi-distant periods, as exhibited in the
above table, willserve to illustrate, in.a condensed form; the great influence'""which the cultivation and exports of cotton alone seem to Have exercised,' and are likely to exe;rcise hereafter,
on the amount of our whole exports of doriiestic products,..and thus indirectly to affect our importations, and consequent revenue from' customs. Doubtless- some other cultivation and exports would have taken the place'of cotton in the south, had it not been so successfully grown
there; but they probably would have been less valuable, and.will be so hereafter, if ever substituted for that: 'because the-average ihcrease of all our domestic exports, including cotton,
has been only from 3 to 5 per cent.'; while that of cotton alone has, during the last thirty years,
' been, on an ayerage, near 25 per cent. annuaUy. But^of late the ratio of increase iri cotton,
though still niuch-greater than that .of other exports, "has become diminished and more settled,
having fallen from quite 500 per.cent, during the first ten years^of our present Government, to
. only about 10 per cent, during the last ten, though the whole annual quantity now exported exceeds the enormous amount of 380 millions of pounds. This 10 per cent, incregise yearly, considering the vast quantity now grown in the United States, and how fully the cotton raisisd in
the other quarters of the world has already been excluded from the European markets, with
"^ other circumstances named iri the body of the report, may be justly estimated both as a more
regular r'atio than a:ny \vhich has.prevailed heretofore; and as something lairger than its probable increase in the ensuing ten yea'rs.,
'
,
.
Some fuller tables, showing the progress in the cultivation and manufacture of cotton, have
been prepared by this department,,bul are omitted fpr a more appropriate occasion.
660
REPORTS OF T H E
F.
[1835.
.
E X H I B I T of the nett qnantity of public lands sold, amount paidby
purchasers, and payments made into the Treasury on accmxnt thereof,
from thi earliest period 'of 'sales to the Zlst December, 1834.
Gtuantity sold.
Year.
Acres. ^~ hdiks.
. - ^
1787
1792
1796
1797
1798
1800
. 1801
1802 ^•
1803
• 1804
1805
180.6
. 1807
1808
' 1809
1810
1811
1812 ,
1813
1814
1815
1816
1817 •
1818
1819
To June 30,
1820
Amount of purchase
morieyv
-Dolls. • Cts.
72,974 00
1,165,440 00
43,446 61 . •-< -
- .
'—
.-
' /
„ -
_•
~
,'398',646 45
•"• . -834,887 Tl
, 340,009 77
. .. 680,019 54
.181,068 43
398,161 28
- 373,611 54
• ••772,85f,95 •
...
619,266 13
1,235,955 22
473,211 63
1,001,358 02
:
. 3 5 9 , 0 1 1 79.
. :' t
738,273 29
213,472 12
4.59,230 34
231,044 98
: 550,655.03 235,879 41
502,382 13
288,930 31 .
614,324 58 .^
536,537 40
1,149,536 46
' 270,241 43'
. 621,199 44 .
864,536, 53 • -,
1,784,'560 95
1,120,233 64.
2,340,188 91
1,622,830 0 6 "
/ '3,567,273 88 .
2,159,372 43
.5,022,409 84'
2,401,844 60 '
.7,209,997 42
' 5,475,648 17.
•17,681,79,4 37
"^
1,465,283 94.
5i8,500 80'^
5
(1)' 19,965,758 23 '
.(1)
From July 1,
^ (2) 13,649,641 10
303,404 09
1820,
- 1821 ^'
^ 781,213 32
• 1822
801,226 1 8 '
i;823
653,319 52
' •;i824 ,, ~ :
-749,323 04
•1825' •
.:
893,46169
•182.6 .
• 848',082^26
.1827 ^
•926,727 76'
1828
. '
965,600'36 ,
.18.29
. .'
1,244,860 01
1830 .
1,929,733 79
.183.1
2,777','856.88
.1832
• 2-,,462,342 16'•1833
3,856,227 561834
' ,
4,658,218 71
(2)
1835^
117,108'24
832,549 m-. .
100,427 53
_•'.;»
— ^ ' - ._ , - / ~ - ' 7 •
— —
37,501,238 43
Amount paid into the
Treasury;
;
(4)
49,680,427 13
Dolls.
Cts. '
,v .
'•
4,836 13
;
83,540 60
11,963 \ \
443 75
;
167,726 06
; 1
.:
188,628 02 ^ : •
• ^ 165,675 69 ^ i
487,526 79
: . 540,193 80
765,245 73
^
466,163 27
647,939 06,
442,252 33
'
696,548.82
. 4,040,237 53
710,427 78
835,655 14
1,135,971 09
1,287,959:28''
'
1,717,985 03
1,991,226 ®6
2,606,564 77
'
3,274,422 78 . ;
V
-•
~ 19,'269,132'62
27,663,964 60)
1,635,871'61..
424-962 26 5 , '(3)
• 1,169,224 98 •
1,212,966.'46
1,023,267 83
. ' 1,803,581 54
850,136^26
916,523 10
953,799.03.
•;• 984,418 15- ,
1,205,068 37 1,216,090 56
' 1,.128,617.'27 :
1,393,785 09
• l,318;i05 36
' .1,495,845 26
I,22i;.357 99
1,018,308 75
1,572,863'54
1,517,175 13
2,433,432 94
• 2,329,356 14.
3,557.023 76^ .
. 3,210,81548
3,115;376.09
2,623,381 03
-••4,-972,-284 84 •
3,967,682 55
6,099,981 04
;4,857,600 ,69
58,709,466 16,
49,452,534.16
, (4) 9,000,000 00
12,250,000 00
11,000,000 00
Estimated by the Trea sury Departriient from re turns of three quarters.
|,
'
'
1'835.]
SECRETARY OF T H E TREASURY.'
661
P—Coiitinued.
NOTES.
, (1) This.is the gross amount of acres ari^ purchase money, including the special sales prior
to the opening ofthe land offices, and, of course, all the lands as they were sold from year to
year, without,regard to their subsequent reversion to the United States, or their subsequent.relinquishment by purchasers under the relief laws commencing in the year 1821.
(2) This is the-nett an.iount of sales and mimunt paid hy purchasers, after deducting, all reversions and relinquishments of "lands sold under the credit svstem, endinsr on the 30th June,
1820.
• ••
• -" .
- v^
"
••
' ••
•'
(3) This is the amount paid into the Treasury in 1820,- for the sales of land under the credit
and cash systems.
.
.
. • ,
•
(4) These.aggregates include the special sales made prior to the organization of-the land
district—(see table A;) also the amount of forfeited land'stock, Mississippi stock, and military
land scrip, received in payment for the public Jaiids—(see table'B,).
GENERAL L.A.ND OFFICE, Oc^c^er. 19, 1835. .-^
'
;
•'
^
[Iii making estimates or comparisons between the sums receivable, and the quantiiies of lands
sold at different times, it is important to remember that the .minimum price per acre .was 'S*2
before 1820, and since only "JB I'25. - Besides the above sales by, the United States,-'they'have
made donations of lands, most df^which have' conie into the market during the last forty-six
years, of over 16,000,000,of,-acres—see table C annexed.]
, i
; •
. TREASURY DEPARTMENT, Novemher 1., 1835..-
•
^ ; : . . .
•
,
/
;
,
;
'
( A - )
•
,
;
-.
•
,
•
:
;
E X H I B I T I N G special sales, ofi public lands prior to the opening ofi the
land ofiices. - .
,
Year. Where and to whom
. sold.
.
Qiuantity.
Pur chase money.
Acre's, lidths.
-v
Dolls.
72,974 .00
' 1787 New York
' 1792 John C, Symmes - : 272,540 00
892,900 00
1792 Ohio Company . 4,3,466 61
1796 Pittsburg '
. Total
117,108
189,693
.642,856
100,427
' . . , ' •
Cts.
24 .
00 • Certificates ofpublic debt.
66
Do. andof arniy land warr'ts.
Land warrants.
53
1,281,880 61 , 1,050,085 43
•
(B.)
.
:
..-
•
E X H I B I T I N G the amount ofi 'public debt and army land warrants,
United States and Mississippi stock, forfieited land stock, and military
scrip, received in payment bfi the public lands, viz:
Certificates of p'ublic debtand ai'my land warrants
Mississippi stock - •
United States stock
- -..
-, ^ Forfeited land stock and military .scrip rTotal GENERAL LAND OFFICEJ
$984,189 91
2,448,789 44
257,660 73 •
1,674,376 23
5,365,016 31
October.8, 1835.
662
REPORTS OF T H E
~[1835.
E X H I B I T of the quantity of lajid granted as'bountics during the late
war, and io each ofthe States and Territ ories, for colleges, roads, and
canals, seats ofgovernment, saline reservations, and common schools.
States and Ter• ritories.
Bounties . Colleges^. Roads and Seats ofgov- Saline reser- Common
during the academies,
canals. "• ernment. '.-^ vations.
schools.
'late war.
&c, . ^
l-36th part.
^ Acres.Acres.
Acres. '^ Acres. lOOtlls. . . Acres. "
69,120 '• 830,137
684,743
.. : 23:, 680 00,
67,960
46,080 . 580,8002,560
23.,040 00
626,868
•2,878,720
•46,080
,480 ,.000
^ 2,560 121,629 68
1,034,897
- "468,9,60
46,080 • \ _
,'2,449
46,080 00
1,230,639
r _ .
46,080
1,280
• 834,364
; '
_,
46,560;
480,000
V
1,620
23,040
00
.-889,030
_
(
46,080
• -8731973
_
' _
' __
46,080
_
_ ^ ^ 10,000
-' •'. ^ 543,893
1,037,120
46,080
• 7,400
. 950,258
/- ^
_
46,080
" 877,484
-. ' •; 1,120. -
, ' Acres.
Ohio Indiana
Illinois
, Missouri
Mississippi Alabama,
Louisiana
Michigan
Arkansas
Florida
Total -
.'
V
•
-
•
4,452,760
'484,320
GENERAL LAND OFFICE, bctoher 10,
'
Of
Of
Of
Of
Of
Of
1835.
IIECAPITULATION.
bounties during'the late war -^ '
grants for colleges, academies, &c.
grants for'roads and canals grants for seats of government
'
grants for saline reservations
:
grants for common schools - : '
2,290,937 ^"' .28,989- 237,469 68 .•8,546,149
- ,
.•.- ;
-
-_
.
- -. .
Acres, hdths.
- 4,452,760 00
484,320 00
- 2,290,937 00
"28,989 00
237,469 68
: 8,546,149 00
-16,040,624 68
1835.]
SECRETARY OF T H E ' T R E A S U R Y .
. '
' 663,
G.
Correspondence ivith the Bank ofi the Vnited States.
^
TREASURY DEPARTMENT,
' September 18, 1835,
S I R : This departnient has commenced the preparation of the estimate
of the> receipts and-expenditures of the. Government for the year 1835, to
be submitted to Congress. As it has not been apprized, in any way, whether
the Bank of the United States contemplates paying to the'^stockholders,
during the ensuing year, any,portion:of their stock in its capital; and as the
United States is so'large a stockholder, that the course of the bank on that
subject may affect its. receipts for 1836 to the extent of seveii millions of
dollars, the department is anxious to bC; ad vised'of the course intended to
be pursuedon that point by the bank, and w:ill be obliged to you for information at as early a period as may be convenient.
~ 1 remain, very respectfully,
,
Your obedient servant, ^
^
LEVI WOODBURY,
\
; Secretary ofi the Treasury.
N : BIDDLE, Esq.
,
.
.
. '
President Bank JJnited States. -,
.
"..'••'..'
: , ; .
. ;.
"BANK.OF T H E UNITED
STATES,
,
• ^ \
"
' "
; September 22,18%^.
• S I R : I had the honor ^oF receiviiig your letter o:f the 18th instant, which
was this day submitted'to the board of directors, by whom I am instructed
to inform you'that they have not yet come to anv decision-on the subject
of it.
-•
.
.. ..•
'
.
, • .
.
..> ^- : '
..
.
'^
I have the honor to be,
'
Yery respectfully, yours,
.:
. , - • /'N. BmYy-LE.President.
H o n . _ L E V I rWooDBURY, />.
•
:
.
Secretary ofi^ the Treasiiry, Wds^^^^
1 •'
•',
H No. 1.
G E N E R A L S T A T E M E N T ofi the condition ofi the State banksin 1834 ami 1835, and as near the tst ofi January,
'1836, as obtainable.
States.
> Maine ,
_ Do.
Do. '
NewHampshire
Do.
Yermont
. Massachusetts
Do.
Rhode Island -
Date.
-
DG.^
Connecticut . Do.New York
New Jersey PennsylvaniaDelaware
Maryland
- .
Do.
Di.strict ofColumbia
Virginia ~ ' -.
North Carolina
- Do.
- .
South Carolina
Georgia
Florida
Alabama
-•
-, Do.
Louisiana
, .
Mi.ssissippi
Tennessee
Kentucky
January '3, 1835
May
' 30, 1835
October 30,1835
May .
- 4, 1835
November 2,-1835^
October 1, 1834
May
3, 1834
May
2, 1835
October,
1834.
October, • 1835
March, '
1834
March,
1835
January,
1835
January 1, 1835
November, 1834
October, .. 1835
January,
1835
October,
, 1835
January,
1835
Jan'uar}', . 1835
June, ^ >
1834
August;
1835April & Oct., 1835
October, ^' 1834
December, 1834
November, 1834
January,
183.5
June.&'Nov., 1835
January,
1835
Feb.. & July, 1835 ,
December, 1834 I
No. of
banks.
No. of • Loaiis and dis-
branches;
"29,
1
5
• 25
: 1.
17
103^
V2
58.
2
28
3
84
1
41
3
7
5
3
1
- 2
13
2
1
1
10
2
17
7
" 2
10
31
7
4"
counts.
(«)#4,359,874
'
(«)146,835
(«)742,799
(«)3,:805,383
.123,851
. 1,870,813
-(«)47,200,477
(«)l,700,-665
^ 9,608,339
' 85,991
8,307,824
591,832
'61,968,094
- 43,189
28,395,900
1,232,830
6,257,842
2,177,981
3,115,52411,277,304
~ • 1,807,209
. 1,553,768
. 3,886,441
• • 7,714,-851
233,209
7,267,211
- 1,952,375
37 ,-388,839
10,^379,650
5,599,966
861.511 I
Stocks:
Real estate.
Notes, rem;arks, &c.
S97,077
3,860
S10>,000
234,971
365,000
551,568
2,106,819""
157,731
1,582,979
103,145
366,712
- 128,-715
; 20,335
473,972
1,229,662'
' 7,959
40,000
16,930
(a) Amount of all debts due; including
notes, bills of exch ange, and all stocks
and funded debts of every description,
".'86,890
excepting the balanees'due from other
. 1,348 banks.
•• 15,485
''867:761
200 ,725
675
169; 466
,055
1,594, 937
.'28, 528 Morris Canal and Banking Compan)^,
1,633, 159
independently of canal property.
89, 275
-364, :05
-57, 650
268 425
633'; 093
234 378
. ". 24 368
63 519
306 030
14 947
63, 658
17 964
75-,705
12.8 208
29;059
231 .046
O
O'
GO
CO
Do. .
Missouri
Illinois
Indiaiia
Ohio Do.
.Do.
MichiganDo.
.
Maryland
•
.
-
-
:
•
-
. -
"
• -• .
November, 1835
Julv,
1835
Septembv 14, 1835
•Januarys- 1,-. 1835
January,
1835
May,.
1835
November, 1835
January,
1835
November, 1835
~1
1
15
3
4^
3
4.
'-
December, ^ 1828
To.tal of table 11., statement B*
1833"tol83o
Total of table IIL
October,
Totalof table IV.
" 1
114
502
•
.^
10
1
3
9
• 4.
do. do. -
October,
Number of banks in oper^ation" • October,Total of table Y., statement ]B - October,
117
4835
509
^ "37
117
2
1835
^546
9
. ^ 119
3
1835
1835
;555
13
122
A ggrega,te of returns and estimates
_
January
3
1 '
503
6
-.
Whole number of banks char:,
tered
-'
October, -^ 1835
Estimate of banks from which
imperfect returns have been ^
received
-^
•7 October,
1835
Returns, as above
.- - -
Note.—Vnited States Bank Aggregate -
-
1, 1835
6,812,555
85,707
313,902
531,843
4,183,926
3,471,314
1,052,998
1,180,215
y
156,010
1,180,000
81,905
2,500
4,671
^1,715
72,745
23,833
11,922
22,794
'• 289,446,847
-8,578,998
^ 7,528,081
122
•
'
^
•
43,047. Farmers' Bank at Annapolis, Returns
' complete, but not of recent date.
-290,531,706 . 8,598,579. "7,571,128
Returns not complete, and those of two
1,126,382
banks not of recent date ^
Loans and discounts, and specie of'509
^ 291,658,088 / ' ^ - . ! ' - '
banks and 117 branches.
1,084,859
.J /
•'
.
O
>3"
•
• '
^
>,.
•
\
'
. :
'
-
' '
-
^
>
Ul
5
117
22,691,092
290,531,706
590,000
612,000
8,598,579; :; 7', 571,128
555
122
313,222,798
9,210,579 ' 8,161,128"
1
556
25'
147
51,941,036
365,143,834
9,210,579
52
503
-
2,979,-529
11,140,657
* Statement B, which embraces those banks from which imperfect returns have been received, will be sent in with .the tables giving the returns from
each bank in each State.
>
• ../
-f-.
•
^
Q
19,581^
•
568 -
CO
CO
o\ •
/
d
H No. 1—Continued.
-. ' ' "
States.
^ •
"Date.
Due.from
Noies of
other banks. other banks.
'
CTJ
as
Specie funds. Other investments.
Specie.
' .
Notes, remarks, &.c.
•
• ^
Maine
' - Do.
Do.
-NewHampshire • , Do.^
.Vermont
. . .
Massachusetts
Do.
-
-•
Rhode Is]and - "
Do.
. Connecticut - * ' Do.^
New Ybrk ' ..:' . .
New Jersey ; Pennsylvania Delaware ^ Maryland,
Do.
, - .
- ^. District of Columbia .Virginia
North Carolina
Do.
South Carolina . ' . - - ' - Georgia
. -- Florida
.- • Alabama
- • Do.
. Louisiana
• Mississippi
'' 'Tennessee
- '
- .,
Kentuckv - Do..
Missouri .
-"
Illinois
- •
S132,701
January 3.1835 • ^45.5,974
.
1,443
38,207
May
,30; 1835
•13,085
54-520
October 30, 1835
110,508
May • - 4, 1835
._
112
November 2, 1835
- •355,079
_
66,442
October 1, 1834
1,952,417
May
3, 1834 • 2,824,984
54,779
May.- •- 2, 1835 , 66,000
261,109
October, ' 1834 • -262,909
4,929
5,495
October,
1835.
37,724
March,
1834 • ^ 702,979
14,908
143,669
March,
1835
6,805,045
Januar}^,
1835 12,211,905
January 1, 1835
2,-366,852
' November, 1834 .2,600,044
96,138
'251,519
October, - 1835.504,367
1,0.67,491
Januarv, . 1835
189',611
.Octobef,
1835 - 537,090 338,060
263,731
^ January, - 1835
458,921
.January,
1835; ' 975,162
399,453 ' • • 77,585June, ,.
1834' •
.824,222
282,287
August,
1835. •
932,816 , 499-,023
April & Oct., 1835
614,664,
703,963October,
' 1834
16,220
8,385
' December, 1834
- 141,738
723,526
November, '1834^
2,41,154
680,816
.January;
1835 •
40,670
June &" Nov., 1835 2,850,701
158,410
January-, ' 1835 . 353,252
158,347"
Feb. &.Tuly, 1835 . 441,267.
30,822
15,357
Pecember, 1834
990,094
395,542
November, 1835
20,040 ~ 322,338
July,
1835
20,150209,396
September 14,1835
• '
$-137U09- - 6,950
27,563
_
' •
(«)P8,196
(^»)508,854
: 22,208
(:c)286,116
•
.
• 50,958
1,160,296^
'20,268
467,407
.
6,233
118,640
10;468
7,169,949
,
.' —
1,119,417
129,991
670,363
8,736
V 3 ,,421,920'! —'..'"
173,183
651,039
_:
233,133
"_
" 474,199
1,160,401
78,507
197,152
754,-219
1„.781,835^.
14,312
' 41,305
778,013
138,122
2,824,904 ^
«. • ,
359,302
• 258,724
^^
,2,284
,- .
, 870,084
_
155,.341
^ .243,223
•
/
:
'
,'
•
•
_
-
•
•
•
^
Ta)'Cashin vaults.(b) Specie in vaults, and credits
in- Boston banks. .
(c) Due from agents in New York
_
;and elsewhere; bills of other
' banks, and credits in Boston
banks.
s4iil8,440
*.' .
' • '
.
'
_
"
13,652
.•3,252
27,813
• . ,
^'
U2
Morris Canal and Bankiiig Com11,344. pany,/ indepen den tly o f canal
property.
• 53,885
• 49,765
" ''
'.
29,497'
o
? ' • • • . .
/
^
.
.
.
•
403,232
25,676
."' '
•'.267,027-
2,531,684
383,391 L
70,261
292,895'
,.
00
CO
Indiana "
-
Ohio -•
Do. • ' -
-
"Do. Michigan
Do. - '. • -
.
-
- . . .
.
.-
32", 901,737
Maryland
-
' • -
becemb.
1828 , ,
Total ofjtable II, statement B
1833 to
Total of talble III,
^October, J835.
do.
78 J150
751,083;
• .524,848
822,221
231,422
399,608
90,296 - 197,804
65,630,
72,072
55,^815"
40,347
39,417
January 1,1835
Januaiy, 1835
739,930
May,'
• 1835
383,666
Novemb. 1835^
"160,319
January, 1835 V 234,496
Novemb. ' 1835 • ' , 37,714
1835
65,128
32,966,865
18,138,713
:
26,0.29,rs.
21,388 •
18,160,101
•
•
_
-
' • - . / '
42,512
•2,857,698
'26,.367,356'
;
:
) "
• '
-
•
/
GO
Cp
OX
.
4,305,224.
'•-
, 87V918
26,117,091
- 250,265-
1,70827,433
. 3,8q4 r. .
11,537.
- 78,868
- . .
F.armers' Bank at Annapolis. Returns .complete, but- not of recent
.. date.
Returns not" complete, and those
• of two banks not of recent date.
, Specie of 509 banks . and" 117
branches. ^ ^
.
2,508;000
32,966,865
1,420,000
18,160,161
2,112,165
26,117,091
204,121
2,857,698
- -337,000
4:, 305,224'
Aggregate of returns and esti-.
mates
:- .
35,474,865
19,580,101
28,229,256
3,061,819
4,642,224
3,061,819
4,642,224
-
January 1,1835
'
--
-
'
-
O
'>
•
o
Estimate of banks from which
imperfect returns havebeen
received
• October,. 1835
Returns as'above
Note.—JJmled States Bank
Aggregate
- . --
-
m
.
4 ,,609,973
1,506,200 15,708,369'
•40,084^,838 •21,086,301. 43,937,625
"
• .
•
'
,
:
•
'
V
Ul
cr»
H No. 1—Continued.
States. .
Date.
Maine ^
Do. Do. . . .
New Hampshire
Do.
Vermont . ' - ^ Massachusetts
Do.
Rhode Island Do.
-
,
^
' -
.
Connecticut - '
'Do.
New York . ' New Jersey Pennsylvania/ Delaware
-'
Maryland
Do.
District of Columbia Virgmia
-- , .
North Carolina
. Do.
-. South;Carolina
Georgia
Florida. ' . '
Alabama
Do. ^
.
.
Louisiana
Mississippi • - " Tennessee . Kentuckv
Do. "
Missouri v' -.
Illinois
-
• • .
.
.
:
-.
/ _
.
.
• '
.
' ..
, "._
-
Capital.
Deposites.
$576,128.
January 3, 1835 $2,901,000
May 30, 1835
100,000 . ~13,882
Oct. .30, 1835
498,850
^72,973
May 4,
1835
2-, 555,008
437,797
Nov. 2,
1835
100,000
. 3,392
October 1, 1834
921,815.180,792'
May 3, ; 1834 -29,409,450^ 4,910,053
May 2, - 1835
1,000,000
137,417
Octobe'r, 1834
8,041,032 .1,278,226 .
October, 1835
55,450
8,911
•March, - 1834 .-6,851,909 -1,167,964
March,
1835 • '498 ,-857
89,066
January, 1835 30,481,460^ :; 20,088,^685
January 1, 1835
50,000 '^ . ,20,592
Novemb. 1834 -17,737,064
8,965,311
October, .1835
730,000 . 480,-^375
January, 1835
5,465,169
2,398,245
October, 1835- 1,257,895.
612,074
January, 1835
2,613,985
1,125,618
January, 1835
5,840,000
3,115,974
June, :.^ 1834
1,372,325
421,012:
August,
1835
1,092,600
329,113
Ap'l &Oct. 1835 . 2,156,318 1,-600,956.
October, • 1834 .6,783,-308
1,014,674
Decenib. 1834
114,320
. 67,215
.Novemb. 1834 : 4,708,948
986,707
January, 1835 ~ 898,675
261,219
June & Nov.'35 26,422,145: 7,106,628
Januarv, 1835 . 5,-890,162
1,888,762/
Feb. & July,'35
2,-745,241
•608,456
Decemb. 1834
792,423
-' 7-,828
Novemb. 1835 , 4,106,262. 1,190,060
Jaily,
1835
.
526,398
Sept..'14, 1835
278,739
123,695
CTOO
Dueto other Circulation. > Other liabanks.
bilities.
. #103,597 Sl,358,914
80,058.
. 45;,988 - 270,348
1,347,124
•. _ '
.
42;846
_
2,082
1,463,713
2,393,301
7,650,146
422,947
218,326
1,'251,485
_. .
39,300
^2,407,496
25,673
277,904
16,551,841. 16,199,505
— - ^ ^ 30,247
3,722,479
7,569,561
20,473
•622,397
1,024,616
1,248,570
946,652
.459,247337,681
692,536
"149,990 ' 5,593,198
56,817 - 958,934
. 160,071
1,283,030
2,288,030
499,827
3,694,329
' 6,44i V 133,531
• 187,696 -2,446,867
' .820 ,.882 '1,025,546
w 3,397,667 5,114,082
680., 987 • 2,418,475
72,660
2,:5.57,680
••/ 8,147 ' 87,564
.1i059,352
2^683,590
.•, 55,727
5,739 • 178,810
(^).$127,950
Notes, remarks, &c.
(3)Cash deposited bearing interest.
- -
j _
_
•
(^')S,398,'005
.-(^»)33,800
153,891
519
•
•
'
.
'
•
^ ^
. 2,000
4,886,8451,000 Morris Canal and Banking Com615,510 •• pany, independently of canal
property.
Ul
O
•
^
4,249
r
15,-124
•
'
I
•'
"
'
- '
'
^
_
25,611
- 10,000
186,364
' '.^"-- ' _ .,
1,389,831
,
119,165
206,353
1,^368,181
200,000
--
^
' CD
CO
at
Indiana
Ohio Do. Do. Michigan
Do. -
-
-
-
-
January. 1,1835
January 1835
-]N^ay, • 1835
Novemb'r, 1835
January 1,1835
- Novenib'r, 1835
800,000
2,371;253
2,155'000
5.53,071
V 553,980'
125,000
- 127,236
734^,673
1,055,136
133,999
.630,789
55,661
181,009,714. 64,553,692
Maryland
-
-
December.il828
-819/575'
^253,866
456,065
3„985
106,611T 2,978,288 ' - 56,147
310,382 ' 856,667
5,093763,625'
39,360
.445,862,
6,609
9,120 . 190,814
33,205,400 •79,784,710
33,292
17,805,638
- 215,237
-
Tbtal of table II, statement B
1833 to 1835/
181,829,289
.1,4^1,048
-
Total of tableau, s.tatement B
October,
1835
N
79,999,947
660,986
• "
17,805,6.38.
183,250;337>
10,795,135
80,660,933
•
-
•'
-
-
/ .7
." _ * / /
"v.
•
_
—
.
-
•
•
Ul
Farmers'^^Bank at Annapolis:' Returns complete, but not of, recent
. - date.
.
.
O
Returns not complete, a:nd those of
two" banks not of recent date.
-
194,045,472
Estimate of banks from-which
irnperfect returns have been
received
.
. _ October,
Returns as above
64,807,558' 33,238,692
•
GO
CO
Capitaland circulation of 509 banks
and 117 branches. "
o
.. -- . - Whole amo.unt of capital ascertained to belong to 546 banks and
119 branches.
1835
14,421,048 - 5,070,750^^ 2,614,814
181,829,289 ?64,807,558 33,238,692
870,143
^6,352., 751
79,999,947. 17,805,638
Ul
d
Aggregate of returns and estimates
--
iVcfe.—United States Bank
Aggregate
- .
-
January 1,1835
69,878,308
86,352., 698
18,662,78.1
35,000,000 *13,203,057 - 3,119,172 17,339,797
331,250,337 83,081,365 38,972,678 103,692,495
657,964
19,320,745
196,250,337
. -' •
35,853,506
;
' Including redemption of the public debt and unclaimed dividends.
to
670
REPORTS OF THE
[1835.
H
TABLE
BANKS,
Date.
Maine Bank,' Portland
Commercial Bank, Portsmouth
Merchants' Bank, Salem Commonwealth Bank, Boston
Merchants' Bahk, Boston- •Burlington Bank, Burlington '
Arcade Bank, Providence - . .- Farmers and Mechanics' -Bank,
Hartford - ' ;- : " .Bank of America, New York " Manhattan Company, New York Mechanics'.Bank, New York
Girard Bank, Philadelphia
Moyamensing Bank, Philadelphia Union Bank bf Maryland, Baltimore
Bank of the Metropolis, Washington
Bank of Virginia, Virginia j
Planters' Bank, Savannah -' ^"
Bank of Augusta, Augusta
Planters' Bank, Natchez Branch Bank of '3-labama,'Mobile
Union Bank of Louisiana, N. 0.' Commercial Bank, New Orleans 'Union Bank, Nashville . , Merchants and Manufacturers' B'k;
Pittsburg - .
Commercial Bank, Cincinuati
,Franklin Bank, Cincinnati , , Louisville Savings Institution, Lou^ isville
--- ^
Bank of Michigan, Detroit
-Farmers and Mechanics' Bank, Detroit,' •/ - . ' -
•
'
;
Not4s United States Bahk -
showing the condition of those which -were
^
^
Loans and dis- Domestic excounts.
change. '•
1835.'
Feb. 14 '^286,174
Feb. 16
180,2,13
Feb. 13 - 168,969
Feb. 16 ^ 925,351
Feb. 14 • 803,470
Feb, 5 - ,88,440
Jail. 31. , 300,295
Feb.' 2^
Feb, 12
Feb. 14
Feb.. 14
Feb. 14
Feb. 10
Feb. 9
Feb. 16
Jan. 1
Feb. 10
Feb. 10
Jan. 26
Feb. 2
Jan, 31
Jari. 31
Feb. 2
Real CvState.
67
19
S23,646 48 (
10 ' • 328,727 04
53
75,764'33.66
639,470 66
86
. 64,510 62
05
S3,500 00
.' 500 00
312;466 59
120,495 65
3,674,930 83
208,653 17
3,967,252 02
4,889',900 68
2,696,336.31
324,673'80
' 295,075 18
2,823,418 70
39,802 32
l,007,b27 65133,545 77
4,076,108 65 1^500,000 00
902,546 62,
116,396 82
707,971 19
539,768 35
3,738,359 13 3,771,587 49
2,279,370-06
974,950 486,654,178 79 .1,738,785 07
1,797,917 87
406,042 14
. 887,036 57 ; 2,988,283 73
„ 15,755 35
-' 81,963 47
, ' 325,503 09
Feb. 4
537,768 97 ^ '381,475 07
Feb. 14 '812,901 13
548,859 74
Feb. 7 1,418,885-23
465,759 91
• 16',727 07
•
-
_
V
Feb. 11
Jan. 31
• • 180,842 24
26,380 82
•313,273 58
•24,285 20
/ • 39,127 50
^ 10^,527 44
48,683 10
,47,682 68
'78,483 00
•. 29,059-77
_ .'
, •_:
- ' .,
119,802 67 • 21,454^38
748,439 22 . 158,969 78
•10,000 00
9,836 30
'
Feb. 1 .
256,240 45
•1
-
•
-24,931,36 ^ ',12,958 58
47,357,649 57 15,596,554 16
1,370,089 T9
. - Jan. 5 34,625,621 22 17,183,117 82 2,979;529 32
1835.]
671
SECRETARY OF THE.TREASURY.
No. 2.
selected banks near ihe.1st of January, i.S35.
Due from
banks.
Notes of other
• banks.,
Specie. ^
•S90,425 71
, 100,763 58
12,314 15
125,396 43
156,960 27
85,81§'^12
; 508 10,
810,537
8,561
2,019
114,250
.181,377
7,598
13,329
S"22,I73 65.
10,388 26
V 8,619 06
124^614 82
117,304-0'3
14,072 49
10,000 00
Foreign exchange.
-
21,047 13
- 602,122 20
478,755 53 847,807 34
• 137,634 12'
' 63,306 90
149,605 07
131,994 72
592,281 43 ^
273,787 20
. 212,859 85
62,084 05
1,265,121.89
155,449 46' ;229,556 44
^194,232 18
115,650 06.
135,978 00
128,772 11
00
71
73
00
21
00 V
98 •
15,987 74
8,000 49
299,834 36 1;507,461 57
782,717 57
414,106 31 .
'926,967 32 ' 569,t)58.08
218,596 63 -' 2.78,035 77
.22,755.00 ' 61,162 68
125V894 60
110,942 74
230,571 "24 " 220,778 29. 199,763.91 • .586,834-48 •
.24,625 00 ; 135,709 86
371,583 77
74,915 00
232,181 94 : 286,868 57
147,647 00 • 423,658 26
494,398 71
179,310 00
99,044,00 " 75,655 47
'50,660 03
.'89,59b 15
176,143 73
94,041 00
83,325 00
36,319 29'
125,773 18270,897 48•
67,442 30 , 61,475 00
94,107 61 •. ' 13,714 00
56,061 19
55:141 55
-120;496 61
14,640 00
27,095 OL,
6,652,289 56
4,060,463 45-' 6,864-,925 46
4,609,973 76'
1,506,200 60 15,708 ,'369-35.
Expenses.
"«
•
•
S888 85
27 62
_
' -; ,
_ '
,,. _.
"
_
.
.
,^
.
^
•
--'
V'
'
'' -
N
-
._
- .
•-
•
"
•
•
_
_
•
• ^ '':
'
"
•
-
•
•
S59,497 96
,909-58
', '
'
•
" 9,538
2,272
363
1,824
24
44
75
74
951 59 .
. ,3,865 69
_ •
_
,
-
Other investments.
1,608
7,979
. '12,575
434
- 291
14
42
65
13
74
_
•
.,
\4i^24.,889
295,236
46,026
87,370
,
45,244
26^,400
.52
90
80
64
06
00
^2,812 26
• 1Q5,000 00
1,771 00
• '3,824 20
150 00
41,223,74 . 5,25.1 47
10:769 88
3,053 11
1,442:58
_
349,395 45
191 50 '1,389,263 88
17,613, 34
353,972 46
. 1,717-37 , 445,74138
_ -.-.
.
.^'
•
•
•
-
•
'
•.!_
1,620 79 ,
. 1,090 96
; 5,198 70.
.64,100 OO
105 73
1,048 18
5,719 53
' 451,026 73
85,108'35
2,904,039 89
132,297' 10
'38,834 "31
1,942,983 20
•- .
672
REPORTS OF THE
, [1835.
TABLE H No. 2—
Public deposites.
• ^ BANKS.
., • '
Date.
Capital. ^
/
Maine Bank, Portland
Commercial Bank, Portsmouth Merchants' Bank, Salem- Commonwealth Bank, Boston
Merchants'. Bank, BostonBurlington Bank,- Burlington ' Arcade Bank, Providence ,
Farmers and Mechanics' Bank,.
.Hartford
' ^ Bankof America, New York
Manhattan Company, New York
Mechanics' Bank, New-York' • -,
Girard Bank, Philadelphia
. Moyam'ensing Banli, Philadelphia
•' Union B'k of Maryland, Baltimore
Bank of the Metropolis, Washing'n •
Bank of Virginia, Virginia • / Planters'Bank, Savannah
^ /,
Bank of Augusta, Augusta
Planters' Bank, Natchez Branch Bank oLAlabama, Mobile
Union Barik of Louisiana, N. 0 . • Commercial Bank, New Orleans Union Bank, Nashville " - ,
Met-chants & Manufacturers' :B'k,
Pittsburg
; - .
Commercial Bank,"Ciricinnati , -'
Franklin Bank, Cincinnati Louisville Savings Institurion,
Louisville
- ' -Bank of Michigan, Detroit
• Farmers and Mechanics' Bank,
Detroit" -, • - . -. . -
Note.—IJmted States Bank
1835.
Feb. 14 8155,000 00
Feb. 16'
100,000 00
Feb. 13
400,000 00
Feb. 16
500,000 00
Feb. 14 •^ 750; 000 00'
Feb. 5
102,000 00
Jan. 31
200,000'00
Feb.- 2
Feb. 12
Feb. 14
Feb. 14
Feb. 14
Feb. 10
Feb. 9
Feb. 16.
Jan. 1
Feb. 10
Feb. 10
Jan. 26
Feb. .'2
Jan. 31
Jan. 31
Feb. 2
Treasurer of Public officers.
U. States. •
V
8155,720 04
821,800 24
^ 90)391 51
21,260 43
' 5 , 9 5 5 05
2,922 64
248,789 52 - 85,382 92
182,419 28 ,
6,073 36
34,925 -82
_ . "'
47,961 99
2,146 20
299,900 00
•29,'406 60
. .,5,905 8§
2,001,200 00 1,097,710 79
133,339 95
2,050,0.00 00 . ^38,418 60
_
;2,000,000 00786,273 90
77,435 76
1,500,000 00
562,066 62
79 ,-427 .30
125,000 00 ' 128,614.31
13,877 72
1,844,287 50 . 353,631 19
' 17,157 31
•500,000 00 ; 441,480 57, . 177,661 30
2,740,000 00
32,409 03
•
535,400 00
34,414 03 , ' 19r230 45
600,^000 00
9,370 88
3,899,862 14 - 998,064 42
16,002 00
,2,000";000 o6 1;020,515 48
29,185 00
5,792,.000 00 \ 555,187 48
31,144 43
1,822,650 00
366,910 33
49,908 73
1,753,367 47 - 158,346 44
,15,506 95
•
Feb. 4
Feb. 14
Feb. 7
598,730 00
1,000,000 00
1,000,000 00
Feb. 11
. 58,266 00"
Jan. 31 ^ . 400,000 00
^
20,534"85
"287,362 88
' 376,283 87
54,344 08
133,618 40
194,989 26
22,956 68
83,135 92
12;447 67
;.
1 •
Feb: 1
119,540 00
149,814 07
2,656 27
34,847-203 11 '9,342,187 21
980,907-17
Jan. 5 35,000,000 00
- 431,248,63
1,214,174 61
Notes.—The Merchants' Bank of Salem was not a recently selected bank. It had been em-'
ployed for a number of years by the Treasury. Departmeht. It had not executed the agreement'signed by the others; but as its transactions were extensive, and as it made regular
returns, it was included with the selected banks.
/
^
; •
The Mechanics' Bank, at New Haven; -the-Newport Bank, at Newport; lhe New London
Bank, at New London;, the Bank of Middletown, at Middletown; the Bank of Bristol, at,
Bristol; and the Farmers and Mechanics'Bank,"at Albany, had been employed by the Treasury Department for some years past. They had not then signed the agreement required from
the selected banks, and hence were not included with them in the above table.
1S35.]
673
SECRETARY OF THE TREASURY.
Continued.
- Diie \o banks.
•88,247
1,39.0
.5.940
178,475
277,791
13
20
29
37
02
Contingent'
' .iund.
810,000 00
2,544 66
8,118.01
50,306 94,
" :18,351 22
1,658,748 38
160,119 70
21,626 81
,229,832 43
,233,293 93
1,447,719 85
138,495'72
16,094 99
180,97o 94
164,369 95
58.; 972 99
^ 143,, 975 21
10,000 00
46,715 06
20,729 49
15,342 37
9,222 05
42,974 33
• 98,074^33
13,654'04
179,9.69 48
19'01
Circulation.
$7,000 10
856,496
• ^2,573 .57
65,851
12,057 ,38
• 32.907
' 19,-301 52
',1641571
" 35,140/00
320,052
• 10,694 98 1 73,458
2,309''73 ^ 33,03*6
.7,526 32
227,141 71
32,119 60
356,979'72
65,297 35
.4,531 83
]<i8,726 59
45,276 96
• '8,114 35
91,725 60
115;, 781 56
. 85,.375 66
146,267.50
471j87l 74
. 36,213 46
,23,367 95
• ' 7 3 8 , 0 8 6 GO
1,570,9:20.07'
624,093 06
-3,871 04
129,631 69
. 82,678 60
Profit and loss
and discount
and inierest.
Private depo- Other liabilisites.
ties.
00
•849,969 01 • '81,477 46
00 -. 31,533 63
• 600 50
00 • 58,04006
282 00.
• ,98 50
00
2:30,457 45
581 00
00
278', 411 86
00
• 39:646 20 - 579 84
6,679 88
00
33,824 •67-
128,287^00
328,43'8 00
. 300,391^84
602,909 00
324,780 00
80,390-00
142,902 00
226,786 91
2,9.84,895 00
- 429 ;6'H 00
^ 930,477"57
1,785,303 35
1,289,420 00
1,149,825 00
' 378^123 83
2,244,831 73.
29,697--04
1,028,702 47
l;824,144-44
1,848,026''67.
' •506,732"-.39
124,677 54
• 696,023^70
280,324 16
920 00
198,786 89
23l,20a'24
80,167 04
3,129 06
312 91
20,505 49
1,598,-653 82 ^ 68,687 81
195,843 46
-.2,836 00
' 270,107 01
163,619 67
895,833.56
7,396 87
• 417,828 69'
543,141 32
•L,017,765-72
46,857 96
/; 219,134 69
50,561 00
243,267 71
122,750 54' . '3,152 50
322,990 00
103,927 11
•5,264 64
302,474 (0
, 455,573 CO . £84,537 66 • 2,187 50 "
40-,085 00
10,984 11
232,956 00
39,865 80
146,124 31
509'86
12,018 86
'1V27I 62
4,600 00
'5,802^ 05 : 134.228 00
• ,45,690'21
50
7,965,067.-01
;'3,119,172 33
;;. 1,.868 94.
659,362 66' 1,988,354 07 15,521,997 23 12,661,540 98 1,439,663 50
2,'065^4-55 35 •3,4701896 30 17,339,797 90
, RECAPITULATION.
Loans a,nd discounts .Domestic bills of exchange
Real estate
Due from banks.. ,- Notes of other banks Specie . -.
. - ,
Foreign exchange
Expenses
Other investments '" -
-847,357,649
- 15,596,554
.. 1.370,089
r 6,65^,289
- 4,060,463
- 6,864,925
- . 451,026
85,108
- 2,904,039
57
16
19
56
45
46
73
35
89
r,,844,798 49 4,500,214 80
. . .
..
Capital • .
- Public deposites: '
Treasurer of the U. States
Public officers
r
Due to banks :- • - Contingent fund
Profit & loss, disc't & interest
Circulation -^
Private deposites
- .
Other liabilities
-
834,847,203 11
9,342,187
980,907
7,965,067
' 659,362
1,988,354
15,521,997
12,661,540
1,439,663
21
17
01
66
07
23
98
50
Note.—The sum actually due to banks is but 86,591,536' 54, lhe (Jnion Bank of Louisiana
having credited to its. corresponding bank in New York the checks drawn upon it to the
amount of 81,373,530 47, without having charged to it the domestic and foreign exchange sent
there to provide the funds to^meet the checks.
~
'
VOL. 1 1 1 . - 4 3
674
REPORTS OP THE
[1835.
H—
TABLE shoicing the condition of the selected banks, according to the
BANKS.
Date.
M a i n e B a n k , ' P o r t l a n d ' - , .- Commercial; Bank, Portsmouth Commonwealth Bank, Boston
Merchants' Bank, Boston Bank of Burlington, Burlington A r c a d e Bank, Providence - , . ;-,
FarmeiT'S arid Mechanics' Bank,
Hanford -' '
B a n k of America, N e w Y o r k
••M a n h a t t a n Company, 'New Y o r k Mechanics'.Bank, N e w - Y o r k , , G i r a r d Bank, Philadelphia
Moyamensing Bank, PhiladelphiaU n i o n ' B a n k of Mdr3.'land,, Balti-,
more
.- .
-•
, - . ' -^
Bank of the, Metropolis, ' W a s h /
^ ington • •- -'
•Banksof Virginia and branches. - Planters' Bank.of.G.eprgia, Savannah
B a n k o f Augusta, A u g u s t a ; •
Planters' Bank, Natchez - . •' B r a n c h Bank.of Alabama, Mobile
U n i o n Bank of Louisiana, N . ©.-Commercial B a n k , N y w Orleans Union Bank, Nashville . M e r c h a n t s and Manufacturers'B'k,
Pittsburg. - •'• 'T '•.' ••:-•
Commercial Bank, Cincirinati
Do. .'
agency, St. Louis
F r a n k l i n Bank, Cincinnati •
.
Louisville Savings Institutiori,Louisville
. ' '.
B a n k of Michigan, Detroit
Farmers and/Mechanics' Bank,,
Detroit : .
Mechanics and F a r m e r s ' Bank, Albany • ' ,- ''
^Clinton.Bank, Columbus - '
.Bank bf State of North Carblina • -.
Planters .and Mechanics' Bank,
Charleston
- '
, T
Slate B a n k of Indiana and branches
Loans' and discounts.
Domestic ex-,
change.
Nov,2l
, " -23
" 16
'.' 14
<." 12
" 1 4 '
8299,589
243,588
. 919,025
616,119
• 119,888
237;301
26
61
46
81
95
50
^ 8.28,526-00
51,781 84
64,159 55
'883,423 3 1
145,633 13
' 117,023 23
Dec.
Nov.
"
".
"
."
. 382,337 80
4,627,313 56
4,401,184 55
4,663,429 81
3,650,692M3
,628,684- 11
262;.'339 98^
456,125 06
B a n k of the United States.. .
._
_
Dec. ' 1
Nov. 14
•'' 1 7 .
'; 17
Oct. 29
Nov. 9
.." 16
" 18
u: y
'^- 2 5 '
; " 14
" 14
u • 14
- "
"
1,065,-776. 96
4,733,536.04
652,118 22
691,717 14
4,646,619-^57.
3,6l2,737-40
7,914,317 99
2,128,174 55
1,313,332 98
1,416,055
1^,196,356
. 4.50,070
1,309,587
175,055 49
• 933,940 17
." ^^
400,372 03
..
Nov.20 •1,058,264,96
^Oct. 3 1 1,250,718 82
•
'
-
_
•
. _
15,560
;' 65,248
.331,727
70,569
OO
62
87
90
-
15,891 78 -
^276,931 68
15,8,126.66
145,7013
2,241,639 46 .
^48,283 9 1 '
602,363 51
3,090,074 39
684,531"77
. • 8:34,ill6 55 ^
. 5 9 8 , 1 5 9 39'. '
2,355,017 53
•
.
. , _ r
8500 00
_; •
"26;, 380
.305,798
24„285
39; 127.
127,148
73,194
413,632
101,243
37,602
82
13
20
50
15'•
73
63
76
04
13,727 07
_
35,758 33
40,138 352 1 ^ 4 1 5 05
10,000 00
8,50'8 .07
78,370^^60
13,214 22
•Oct. 31
798,62^^74 - 121,745 83
Nov.14 . 574,100 67
'
1,515 00
Oct. 24 1,975,-895 62
.197,849 89
'
:
79 , 533,831 15
573,488 47
05
54
J84,343'.8828 : 487,233 87
11
15
^
•
715^368 53
" .30.^ 3,497,532 31
.
Aggregate - " >^ - '
,1
16
16
16
21
17
Real estate.
"
30,000 00
5'GOO 00
..:- .24,368 45 .
' 307,498 52 , . 2 5 , 2 5 0 00
' 12,609 53
296,922 27-
,
62,584-5065 17 16,642.332 87 - 1 , 6 8 4 , 4 7 3 46
Nov. 3 39,676,004 83 1^,853,041^39
: '• c
2,833,957 93
• ,, ' '
1835.]
SECRETARY OF THE TREASURY.
.675
No. 3.
retnrns made tothe Treasury Department, near .December 1, 1835.
Due from
banks.^ '
Notes of other
" banks.
Specie.
•S124,6.25'74 ' t25:,028 .60•
S23,150 60
.7,78S33• - .- 12,348-39 •
136,789 '67
, 228,459 50' '.377,526 00; !,191,688-16.
355,134 79 ' f231,488 58
273,114 41
. 4,270 00 '
8,168,24
. • 73,573 28
5,086. .00 , ,42,615 22
.1,530,29
Foreign ex' ichange.
• - . / • -
• .$10.87
N 71 11
6,26l'^62
Other invest. ments. ."
.' -
690 30
^2,157 20
.53,051 09 ^ 11,269 17 . .14,502.35.
,950,166-37
• 658,979 09
722,42511
954,477 24
.969,872 53 > 733,081 30• 851,975 ob
. 986., 101 94 1,344,128 02
609,900.14
314,081 18 : 682,622" 6 L
126,960-71
45,985.05 . ' . 107,804 72
119,683 32 •••'•247,244^80
Expenses.' '
160 00,
16,620 98-
: 'y',-
28:2,396.35
- -•
P79,548 01
38,443 44
. -8:, 893 70 ' • 34,803 4 7
'
57,935,40
3,838.81'
6,758 40
^ 1,173 67
-3,209 02
192,537 54.
76,2.11 23 .< 323,274 35
687;526 31' .$44,773 90.
: 22,332 33 . ^ -116,181.56
277,722 91
•1,148,803.09..
•4,340 78
3,699 91
252,701 29
• 18,825.00 - 272,364 79
1,053 00
.130,173 86 ,105.., 549 25 ' .361,558 70
386,771 20
300,239 75
•> 24,559 91
.162,000 00
83,533 90
443,618 16
. 99,616 01
2,185'31
V 1,442 58
91,020 43
411,251 53 ' 45,854 94 - .^ 9,204'48
". 452,429 61 ..167,955-00
1,807,800 00
211,120 OL
135,115 72
'
21,'242 28
313,501 03
'61,615 00
128,196 09
V 352,695 29 ,J22,750:86
V "7,167 72.
5,505:06
'163', 813 77'
220', 922.88
^49,181-27 , 103,848 bo
101,289 81. -401,088 00
106,''708 35
79,89400
,50,228 54. <-^35,.535. 00
^ .1,021,796 48'
27,592 00
,453,564 30
254,8.50 33
' 100,379 36
114,749 21
245,540 71
.172,022'74
,
./,
68,844 68
55,984 48
'- -^
.
-
96 .39
3,170 48
•3,218-77
3,205 09
.
•
40,165 97
557,641 31
/4,039.56
3,166 10
1,073 43
J
3,557 76,
6,012 90
N
:. 443,191 9 1 . . 398,261.00 . - - 38,.746 69
. .210,393 5a
159,793 36 : .109T871"97
307,j780 22
251,^4^ 01 .(9.6,644 50
371,154 78
' '845,-334 50
283,069 00
432,6l'7 97
-11,202,644 01 •8,359,529 70
3,514,564 18
1,905 07
- 4,8'43 84
.46,173 37
• 4,808 16.'
4,894 98
405,127 75
• .341,756 .67
698,003 69-
;-
9,597,968 94
90,628 84
168,443 44
4,058,261 65
74,472 08-"
201,595 73
782,751 00
2,349,808 09 10,224,675 57
110,978.18
--
-
[1835.
REPORTS OF THE
•676
TABLE H No. 3
Date. •
BANKS
Capital.
Deposites of
I)eposites of
Treasurer U. S. public officers..
' '.
A
Maine Bank, Portland
Nov.21 S155,,000 00
S38,313 47
S200,637 86
Commercial Bank, Portsmouth
". 23'
102,000 00 > 129,037 51
61,758 38.
Commonwealth Bank, Boston
"- 16
500,000 00
815,964 98
101,739 23
Merchants'Bank, .Boston - . '"'• 14
750,000 00
782,022:43
• 29,446 44
Bank of Burlington,.Burlington " 12
102,000 00
50,017 09
Arcade Bank, Providence - ; - .''•' 14
200,000 00 -105; 09^7 05'
13.,833>60
Farmers and Mechanics' Bank,'
Hartford - , . . " - Dec. 1
387,396 00 '
72,^266 73
- 28;452 31
Bank of America, New. York \ - Nov. 16 2,001,200 00 2,744,662 i l
454,550 28
Manhattan. Company, New York "^ 16 2,050,000 00 .2,648,277 42
84,8.26 72
Mechanics'Batik, New York v " '16 .2,-000,000 00 2,620,811 04 ' 156,748 93
Girard Bank, Philadelphia
" 21 . 1,500,000 00, 1,922,47L44 < 7i;812 65.
Moyamensing ;Bank, Philadelphia
u 17 . 125,000 00
340,09209- ' 68,647 95
Union Bank of Maiyland,'Baltimore - "• 30 17844,362 00 1,116,371 55
100,784 53
Bank ofthe Metropolis,^ Washington Dec. 1. . 500,000 00
246 ,'324 62 ' 247,15120
Bank of Virginia and branches \-^. Ndv. 14 •3,240,000'00
163,920 71
118,549 91
Planters' Bank of Georgia, Savann'h ",- 17535,400 00
85,195 94 ;. 12,284 78
Bank of Augusta, Augusta
' '.u 17
600,000 00
43,.399 9'5,
Planters' Bank • Natchez - - '
- Oct. 29' 4,093,982 41 1,.526,838 24
4,337 63
Branch.Bank of Alabama, Mobile Nov. 9 2,000,000 00
943,180 19
80,110 87
Union Bank of Louis,iana, N. 0. " 16 6,925,000 00
499,324 07
.83,020\54
U ^ I Q . 2', 193,725 00
Commercial Bank, New Orleans • 504,478 45
.34,707 57
'
"
'
9s
Union Bank, Nashville
1,806,870 OQ. ' 74,447'50 ; 18,172 63
Merchants and Manufacturers' B'k,
I^itt,sbufg•'- ;• ' , " 25
599,550 00
•175,812 43.
66,999 47
Commercial Bank, pincinnati ' -• • " 14 1,000,000 00
747,544 06
40,5i7 73
' ' Do'. , . agency, ^t. Louis . " 14
.994,897 87
• 78',204 55
Frank!in^Bank, Cincinnati
. " 14 1,000,ooo;00
139,893 19
22,853 61
Louisville Savings Institution, Louisville
- • . - .. • '- . ' ", -11
68,172'00. ., 115,724 31
18,849 56
Bank of Michigan, Detroit
> " 15
444,200 00
'863;601.89, '^ 77,478 97^
Farmers and Mechanics' Bank, De-.
troit ' , - ..
-:
' '' 15
150,000,00 . '689,538 29
13,956 93
Mechanics and Farmers' Bank, Al\
bany
' - . • - ' : - Oct.'31
442,000 00 , 148,073 27
. 69,462 00
Clinton Bank, Columbus - Nov.14 / 252,125 00
295,398 81 .. 33,945 47
Bank of State of North Carolina - Oct. 24 1,096,600 00
, 27.v802,70
' .-_
Planters and . Mechanics'' Bank
Charleston ^ Nov. 20 1,OOO,000 00
143,883^56 . - 20,263 91.
State Bankof Indiana and branches Oct. 31
815,000 00
484,326 94
11,27(3 94
•
•
^
'
, '
-
N
Aggregate •-
. - , ' - .
.
40,4^9,532^41 22,352,323 33
Bank of the United Slates - • . - .Nov., 3 35,000,000 00
' [ 3,927 29
2,371,866 71.
584,537 19
1835.]
SECRETARY OF THE TREASURY..
677
—Continued.
Contingent
fund.
Due to banks.
$6 289 22
185 14
146 843 ,60
• 260- 120 09
I'rivate deposites.
84' /
62 '
69
39 ,
22
99.
• p i , 421 65
. 40,470 30
.. 50 030 89
.-.250,102 89
• 58,592 77
• • 30,936^64
•' $3,769
6 589
9,215
44 070
11 723
'• , .9,308
Sl 1,000 00
7,000 OD
.68 350 66
• 7,595 16
Profit and loss, Circulation.'
discount and .
^•interest.
-; '
#75,493
100,965
152,349
203 796
129,531
39,042
00'
00
00 '
00
00
00.
, ;.5 313 10 '- ~: 2,00000" . ' 5 085 57 ,.'110,618 00'
897,-173 99'
. 354 200 56
477,075 00
- '• 27 774 49
452,677 94• 291,977 4S
1,077,4:53 68
:^ 488,355 33
761,298 00
661 270 00
1,138 905 8S
91 860 10 . 21,409 43
74,394 28"
1,21011
123 875 00
. 184,087-OS '•' 93,-004 04
166,3:63-89 ., 262,602 00
-202,631 18
/ 67,532 74
281,102 55
182 436 34 3',861,390 00
- 286,285 69 - 400,000 00'
•-•92,736 35
22,333 86
216,934 00
,78,220 72..
• 108,438 61
748,371 13
/ •80,327 95'
301,847 15
• 532,389 45 .1,744,182 84
,.321,255 10
. 12,920 17 1,151,555 50
724,324 i37 ' 1,394,375 00
620,747 73
• .138,519 32
. 94,137 55- '343,207 30.
• '75,273 24-.
- 75,085 78 .1,840,300 00^^
'
i_
•
• '
750,457
•"'-1^7,096
42,920
; 211,043
21
39
16
71
•
'
' • •
. ^,
-
'
'
,
"
~
•
' _ ,
•
603,46^5 00
85'
71 •1 540,221 00
65 .-'
^
49
439'345 OO
'
. • 47 .5,27 68'
272,598.41
59,711 54
562,342 00.
272,474 01
'92 855 52
140 00
167,442;41 ' , 257,183 ,00
18', 987 53
372.504 00
-. • 56-,g72 91^ 1,303;140^00
127,637 04
,52,511 91
,-269 ,.608 07
170,632 70
- 18,536 06
'
• 11,311 41
•25,616,00
150,211 14
256,160 62
450,360 65
50,819"16
3^,691 31
27,183 00
,6,063 47
25,360-81 .
.
2,807 85
' 92,007 34
171,191 01
45,689 84
24,752 00
~ . 3,745 73
:. 6,634 02
• 327 69
45
43
04
64,
.
_
' 25,489 83
955,557 52
1,702,061 8V
809,575.02
598,21-7 40
19.2,20b 02
814,463^91
289,225 00
1,325,731 08
• 222,202 04
325,389-31
467,158 01
243,163.94^
1.060,209-77
. .210,577 39
. 399,427 71
•
25,242
. 48,453
10,003 00
-.- 15,267
50,176 12 - 43,246
10,9^7 04
^
' ' S362-00
361 00
1,372 00
• . 859 82
'
•
559,121 93
. •:a7„106 88
• 87,118 07187,253 94
.424,328,30
\ . '
, >^ -6,872.67 ,
. ,• 28,482 73
. \ 15,52188..
. 5,^782'55.
'
\
.Other
liabilities.
880,630 00
38,776 27
42,302 19. 1,422,835 01
' 174,510 80
17,593 83
200
138
258
290
116
538
301
353
664 00
• 63,454 15
. 335,911 24 ^ 15,700 12
32a,40T94
8,726,176 16: 1 1,014,673 31 -3,446,038 15 21,786,149 27 12,-501,602 33 1,670,823 57
2,828,993 84
1,902,376 OL ,4,977,936 45 23,031,667 66
5,406,962 64 2,259,300 80
REC'APITULATION OF DEPOSITE BANKS.
Discounts and loans
Domestic exchange
Real estate
Due from banks
Notes of other banks
Specie
- ^ ""
Foreign exchange .
Expenses
.'
Other investments
- '
-
.
- $40,479,582 41
- - .$.62,584,065 17 Capital
- 16,-642,332 87 Trea.surer ofthe U. States - 22,352,323 33
- 1,684,473 46 .Public officers - . - 2,371,868 71
- 11,202,644 01 Due to banks
- 8,726,176 16
- 8,359,-529 70 Contingent fund
- 1,014,673 31
- 9,597,968 94 , Profit and loss, &c. - 3,446,038 15
90,628 84 Circulation \-,
- 21,786,149 27
168,443 44 Private deposites
- 12,501,602 33
- 4,058,261 65 Other liabilities
- 1,670,823 57
Diffi^rence .. 39,112 84
\.-
il4,388,348~08,
BL.
114,388,348 03
678
' R E P O R T S ' O F T H E SECEETARY, &c.
.
.
[1S35.
• 'I-
Circular io all collecting and receiving ofiicers. '
April 6, 1835.
It is niiderstbod that the instructions.from this departihent, ta receive for
the pabhc dues only such State bank notes as'the deposite banks are willing to credit at par, have been construed to authorize the receipt of such
notes of any, denomination. The undefsigned considers it highly beneficial to the currency of the country, and the safety of the banking agents
employed in keeping the public revenue, 'that-the more general use of specie for the small aiid ordinary transactions of society should be encouraged ; and as the disuse of bank notes of ,a low denpmination is herieved to
be the surest'method to effect that object, and as the acts of Congress do
notexp'ressly require the receipt of any such notes, if less in amount than
five.dollars, you are hereby directed, after.the 30th day of Noviember next,
not to receive in paynient of any public dues, bank notes of any denomination less thaii five dollars.
^ . '.' ' •
.. ; ' .
. ,
You are also, apprized that it is in contemplation, by this department^
after the 3d of March, 1836,'(should Congfess in the mean time make no
liew provision on" the subject5)4o exercise the discretionary powers which
it is supposed will then.belong to it,, over the receipt of paper money of any
denomiiiation for the pubhc reveribe, and to extend the restriction on ,the
receipt of bank notes for it, to all of a less denomination than-ten dollars.
For th (^'.greater security of the banking institutions,emplpyed by the Treasury, and for the improvement of the curreniey by the -fuller restoration of
that specie circulation for common purposes", which seems to have been
contemplated by the constitution^ itis intended then to make arrangements^
if practicable, to discontinue'tlie use .of any bank as a fiscal agent, which
shall thereafter continue to issue notes of a less denoininatioii thaii five
dollars, and Avhich shall, after some subseq-uent period, to be then designated, continue to issue notes of a less denomination than ten dollars, :
-The course proposed to be pursued; hereafter on this subject by the Treasury is now indicated/with a view to insure suitable notice of the changes
contemplated. '
'
. '
..^
•
'
. ".
^ , '
^ . ; , . , . _ .. •
- - \ \ : , . LE.YI • WOODBURY,. • -• ' .
^
'
^Secretary ofi the Treasimy. \
TREASURY DEPARTMENT,
INDEX
TO
REPORTS O F ' T H E . S E C R E T A R Y OF T H E TREASURY
ON T H E
FINANCES,
THE PUBLIC DEPOSITEE, AND THE CURRENCY
UNITED STATES, FROM 1829 TO 1836, INCLUSIVE.
OF
THE
•A.
Page
Appraisement of goods under the act of 28th May, 1830.—Difficulties existing in-the
91
Appraisement of goods be made at value,in the place of importation,
and not by foreign invoice.—Recommendation that the
94
Appraisers of imported goods, arid suggesting an additional appointment in New York.—Remarks on the arduous duties of
12
Appropriations unexpended at the close of 1829, and applicable
to 1830
6
unexpended at the close of 183Q, and applicable
to 1831
'
'
• 86,87,89
unexpended at the close of 1831, and applicable
to 1832
^
218,219
unexpended at the close of 1832, and applicable
to 1833 '
- \
284
unexpended at the close of 1833, and applicable
to 1834
379
unexpended at the close of 1834, and applicable
to 1835
464
unexpended at the close of 1835, and applicable
to 1836
,
'
628
unexpended at the close of 1836, and .applicable
to 1837
681
for various public objects on the payment of the
public, debt.—Recommending
226
by . legalizing the seizure, by the Bank United
States of funds in its own hands.—The Secretary of the Treasury complains of-a probable
undue exercise of power by the Judiciary, instead of Congress and the Executive, to make
470
by Congress greatly exceeding the estimates, and
the necessity ftom this cause for larger surplus
on the 1st January of each year.—Remarks
o f Secretary of the Treasury on the effect of
473
766
INDEX.
Page.
Appropriations in doubtful- cases of constitutional right in the
474
General Government.—Remarks on
expenditures and collections in each State in
608
1834.—Statement of the
receipts and expenditures forl833,1834, and 1835.
654
—Statement of the estimates
Army, more desirable as regards the regulation of the tariff for
revenue.—A fixed amount for the ordinary peace establishment
.472
of the
Attorney General on me claims of the Bank of the United States,
fir damages on protested bill of exchange on
France—Opinion of the
508, 513
on [the seizure of the dividends/on stock of
united States in Bank of United States, to
pay damages, &c. on said protested bill of
exchange on France—Opinion of the
517
Attorneys and marshals, and Custom-house and land officers.—Provision of law necjessary to compel the surrender of books and
papers by
.
12
Attorneys and customhouse officers.—Relative to dividing com12
missions for compensation of
Attorneys.—Propriety of requiring bonds from: district
700
Austria,at different periods.—Currency;of
617
B.
Balances in the Treasury, on 1st January, 1828
5
1829'
5,85'
1830
85,217
1831
217,283
1832
283, 377
1833
377, 463
1834
463, 627
,1835
627, 679
1836
' 679
Balance, on estimate, in Treasury, on 1st January, 1837
680
Balance in Treasury on 1st January of each year.—Remarks on
the effect of appropriations by Congress greatly exceeding the
estimates, and. the .necessity from this cause of a larger
473
Balance expected to be in the Treasury on Jam 1,1830.—Estimated
6
1831,
do.
10,86
1832,
do.
218
1833,
do.
284
1834,
do.
378
1835,
do.
464
1836,
do.
628
1837,
do.
682
Bank United States.—Dividends on stock of the, for 1828
5;
1829
85
1830
217
1831
283
INDEX.
.767
Page.
377
Bank United States.—Dividends on stock of the, for 1832
1833
463
1834
627
1835,
679
first three quarters of 1836
679
in 1829.—General remarks on subject of the
bank and stock in the
9
in 1831.—General remarks on subject of the
bank and stock in the
223
in 1832.—General remarks on subject, of the
bank and stock in the
294
in 1833.—General remarks on subject of the
bank and stock in the
337, 384
in 1834—General remarks on subject of the
bank and stock in the
451,468, 557
in 1835.—General remarks on subject of the
bank and stock in. the
647
in 1836.—General remarks on subject of the
bank and stock in the
685
to the payment of the public debt by 3d March,
1833.---Application of thestopk in the
222
Statement .of advantages in the fiscal operations
of the. Government, by the agency, and recommending a renewal of the charter of the
223
regarded as an object of great importance, as
concerns the Treasures of the Government
and the currency of the country.—The 234
in paving part of the public debt.—Agency
of the
294
and placing them in State banks.—Reasons of
the Secretary of the Treasury, on 3d December, 1833, for removing the deposites of, the
public money from the
<337
Docurnenh transmitted with said report viz ;
A.—Report of the Government directors, Bank United States,
22d April, 1833 \
357
B.—Report of the Government directors: Bank United
States, 19th August, $33
'
364
C.—Instructions to the collector at Philadelphia, 26th September, 1833
*
368
D.—Letter selecting the (krard Bank of Philadelphia as a
depository of public mone^ 26th September, 1833
369
Note.-r-Similar letters to Commonwealth Bank, and the
Merchants' Bank, at Boston; the Manhattan Company,
Mechanics' Bank, and Bank of America, at the city of
New York ; and Union Bank of Maryland, at Baltimore
369
E.—Letter to United States Bank at Philadelphia, to deliver
to collector of the customs there, all duty bonds to United
States payable on and after 1st October, 1833
369
Note.—Similar letters were addressed to the offices of the
Bank of the United States, at Boston, New York, and
Baltimore
369
768
INDEX.
F.-^-Letter from c ollector, Philadelphia, transmitting contract
executed by the; Girard Bank
G.—Contract exe> Mited by the Girard Bank
Note.—Similar contracts were executed by the Commonwealth Bank, a nd .Merchants' Bank, of Boston'; the Manhattan Company, Mechanics' Bank, and Bank of America,
at New York Union Bank of Maryland, at Baltimore ,
Bank of the Metropolis, Washington City'; Bank of
Virginia, at Ri<^hmond, for' itself and branch at Norfolk.:
Planters' Bank of Georgia, at Savannah, and. the Union
Bank of Louisiana, also, Commercial Bank, New Orleans
H.—From the pre sident of the. Girard Bank, announcing the
execution of the contract
I . — T o the Maine Bank, at Portland, selecting that institut i o n s a depository, &c.
Note.—Similar.lei ters sent to Commercial Bank, Portsmouth,
'New Hampshire ; branch of Bank of Alabama, at Mobile ,
Planters' Bank* of Mississippi, at Natchez ; Union Bank
of Tennessee, Nashville;. Franklin Bank of Cincinnati,
Ohio , Bank ofYirginia at Richmond, branch of Bank
of Virginia,• at Norfolk, Bank of the Metropolis, City of
Washington, Bank of Burlington, in Vermont; Arcade
Bank, Provider]ce, Rhode Island, Farmers and Mechanics'
Bank-, at Hartfo: d, Connecticut, Union Bank of Louisiana,
and Commercic .1 Bank,-New Orleans
K.—Frorn .the pi •esident of Maine Bank, at Portland, with/
contract executed by that bank
L,—Contract exe 2U ted by the Maine Bank, at Portland
Note.—Similar contracts were executed-by the Commercial'
Bank, at Portsmouth, New , Hampshire, Farmers and
Mechanics' Bank-of Hartford, Connecticut; Arcane Bank;
at. Providence, Rhode Island, and Bank of purlington,
Vermont From president of Franklin Bank of Cincinnati, with
contract executed by that bank
N.—Con tract exe< :u.ted by Franklin Bank 'A Cincinnati
Note.—Similar
Dntracts were executed by Union' Pank of
Tennessee, at Nashville, Planters'- B/nk of Mississippi, at
Natchez ; bran h of Bank of Alabama, at .Mobile
O.—Regulations of Secretary of the/Treasury approved by
the President o:f the United Statesi>r deposites of the public
money in selected banks, by disbursing. officers of the
Government
•
p.—Communicatons from Secretary of the Treasury to the
Departments of State, War,-and Navy, relative to deposite of public money in the hands, of disbursing agents
Bank United- StateSj that this bank was not necessary for tile Government or the pepple ; regulation of de-,
positesin State banks, and improvement of
the currency.^Reasons of the Secretary of
the Treasury, on 15th April, 183'4, for removing the deposites from the
Page.
370
370
370
371
372
372
373
373
373
-374
375
375
376
376
.451
INDEX.
.769
Page.
Bank United States, for seizing upon dividends on stock.to secure
the amount of damages on protested bill of exchange for French
indemnity.—The Secretary of the Tree^sury corhplains against
the
'
468
•Bank United States, opinion of the Attorney General on said seizure
517
Bank United States, for damages on account of the removal of the
'deposites.—Remarks of Secretary of the Treasury relative to
demand by the
478
Bank United States, for said damages,—'Opinion of the Attorney
General on claim of the
508, 513
Bank United States, for' damages and other costs on the bill of
exchange, for the French indemnity, and opinion of Attorney
General on same.—Correspondence and statement of charges by
the
•
509
Bank United States, in 1832, 1833, and 1834,—Amount of domestic exchanges by the branches of the
615
Bank United States—Circular to all receivers of public'money, relative to receipt of checks or drafts,of branches of the
618
Bank United States, in relation to tHe stock owned by the United
States therein.—Correspondence between the Secretary of thes
Treasury and the
663
Bank United States, near the 1st January, 1835.—Condition of the
670
Bank United States, near the 1st December, 1835.—Condition
of the
>
674
Bank United States, concerning the- amount due to the United
•States on account .of stock held in that bank—Correspondence
with the
715
Bank United States, &c,, concerning amount and distribution of
the proceeds of its stock.—Report of committee of
717
Bank United States, with estimate of their value on 3d March,
v
1836.—Debts and effects of the
719, 733
Bank United States, in relation to delay in furnishing certain information concerning the interest of United! States in that bank and views of the Treasury Department concerning the amount
due to the United States,—Letters to the president of the
736
Bank United States.—Letter to C. C, Cambreleng,. H. D. Gilpin,
and John White, relative to the same
'
741
Bank is agreeable to the' constitution, and indispensable to the
fiscal operations of the Government.—Opinion that the establishment of a national
224
Bank stock owned by the United States.—List of canal and
536
Banks.—Suggestions concerning the payment of interest on deposites in'
478
v
Banks as depositories of the ,same, December 12, 1834.—Report
from the Secretary ,of the Treasury, stating the present
system of keeping and disbursing the public money, and
reasons for reinoying the deposites from the Bank United
States, and selecting certain State
557
Banks selected as depositories of the public money, on certain
terms, to December. 1834,—List of
601
Yol. in.—49
770'
INDEX,
Page.
Banks selected as depositories, and means to meet demands on
them.—Condition Jin certain respects, of
Banks with that of the Bank of the United States and Bank of
England.—Comparison of the condition, as regards circulation,
deposite, specie, &c.? of State
Banks and, others indebted to the Government, with amounts clue
the United States at, the time of failure.—List of old depositeBanks about September .1,1834.—i^mount of domestic exchanges
by three of,the selected State
Bank paper and specie of the United States and several
countries of Europe, at different periods.—Circulation or currency of*
Banks incorporated by Congress in the District of Columbia.;
when incorporated; when selected as depositories of the Government; when stopped payment, and amount then due to the
United States. List of
Banks and the cur]'ency, in 1836.—Explanatory remarks concerning the depos te
Banks in 1834 arid 1835, &c.—Statement of the condition of the
Banks which were selected as depositories near the 1st January,
1835.—Condition of those State
Banks which were elected as depositories near the 1st December,
1835.—Condition of those
Bank notes >;of a less denomination than five dollars.—Circular to .all coll ecting and receiving officers, with instructions not to receive
Banks.—Remarks ojn the keeping of the public money, and state of
the deposite
Banks and in circul ation in 1833,1834,1835, and 1836.—Specie in
Banks near Novemlber 1, 1836.—Condition of the. several deposite
Banks near 1st Jim e< and 1st November, 1836„—Recapitulation of
accounts of depo site
Bank of "^Vooster, a deposite bank,, on 7th November, 1836.—Condition of the Banks of deposite and the Mint, to 1st December, 1836: the
amount of drafts 'and warrants issued and unpaid, and amount
subject to draft; and the amount of future transfers ordered.—r
Amount to the c redit of the Treasurer of the United States in
various
Banks, relative to excessive bank credits, and encouragement
thereby to. speculate on, and monopolize purchases of, public
lands.—Circular to deposite
Bills of exchange in 1832, 1833, and 1834.—Amount of domestic
Bill of exchange, (see French indemnity.)—Protested.
Bonds.—Remarks (relative Xo custom-house in 1829
1B30
1831
1832\
1833
1835
1836
602
602
604
615
616
619
646
664
670
674
678
690
696
746
758
759
760
764
615
9
88
234
. '287
369,381
633
684
INDEX.
Bonds from district attorneys.—Propriety of requiring
Books and papers by attorneys, marshals, custom-house and land
officers.—Provision |of law necessary to compel the surrender of
Bounties on vessels employed'in the fisheries.^Remarks on
Bounties and allowances to vessels employed >in the' fisheries in
1828.—Amountof
'
Bounties and allowances to vessels employed in the fisheries in
1829.—Amountof
' Bounties and allowances to vessels employed.-in the fisheries in.
1830.—Amount of
.
Bounties and allowances to vessels employed in the fisheries in
183L—Amountof
Bounties and allowances to vessels employed in the fisheries in
1832.—Amountof
.
Bullion imported each ;year from 1821 to 1829, inclusive.—Value of
.771
.700
12
12
18
96
236
297
386
128
C.
Canada, and other adjacent foreign territories.—Suggestions for
regulating importations from
Canals to, a proper extent.—Remarks on the propriety of encouraging the construction of roads and
Canal and bank stocks held by. the United States in I834.~i-List of
Capital.—Considerations regarding the exercise of the money
power of the Government to regulate the unequal action of
Cash payments and short credits upon the revenue.—Effect of
Chickasaw Indians in 1836.—Receipts and expenditures oh account of the
Circular to collecting and receiving officers, with instructions not
to receive, bank notes of a less denomination than $5
Civil, diplomatic,, and miscellaneous expenditures, (see Expenditures.)
Civil, diplomatic, and miscellaneous expenditures for present and
ensuing year.-^-Estimate of. (See Estimates.)
Clearances.—Amount of passports, and.—(See Passportsc)
Coast to the Navy Department, &c.—Remarks on transfer of the
survey of the
Coasting vessels be applied to vessels coming from adjacent foreign territories.—Recommendation that regulations for
Coasting trade to prevent smuggling.—Suggestions for regulating
the
Coffee imported from 1821 to 1829, inclusive—Quantity and
value of
Coffee exported from 1821 to 1829, inclusive.—Quantity and
value of
"
€offee imported in 1828.—Quantity and amount of duty.on
1829.—Quantity and amount of duty on
1830.—Quantity and amount of duty on
1831.—Quantity and amount of duty on
1832.—Quantity and amount of duty on
13
233
536
16
381.
681
678
482
13
14
146
193
19
98
238
299
388
772
I-
INDEX,
Page,
Coinage of gold of \ alue of one dollar, and regulations for the
Mint.—Remarks concerning
icerning the
479
Coinage at the Mint, coins in bank, circulation, &c.—Remarks
relative to increase
694
Coins of the value of one dollar, and information relative to coinage at the Mint in 1834.—Recommendation for making gold
479
Coins have upon the duties on imports—Effect that relative and
true value of foreij n
94
Coin in 1833-'4—In iportations of gold and silver
620
Collection of duties, ( see Duties.)
Collection of duties in 1828.—Expenses of
18
1829.—Expenses of
96
1830.—Expenses of
236
I 1831.—Expenses of
297
1832.—Expenses of
386
Collectors.—(See Custom-house officers.)
Collector of the customs'at Philadelphia relative .to deposites.—Instructions to
36.8
Collectors not to recefve bank notes of a less denomination than
$>5.-^-Circular to
678
Colleges.—Quantity c f land granted to States, for
662
Commerce with the W est Indies.—Suggestions for improvement of
15
Compensation to custom-house officers.—Relative to inequality,
&c. of*
12
wnpensation.—Recommendation that the commissions allowed
to collectors on bonds be divided between them and district
12
attorneys as
Consumption of impo: ts (see Imports.)
370, 373, 374, 3,75
Contracts made with deposite banks
Cordage, (see Duties oH.
Cordage in 1829 and 1-830—Amount of\ duties secured on
270
Correspondence of Treasury Department with Bank United States
in relation to bill of exchange oh France
505
Correspondence with the Bank United States concerning the
amount due the' Un ited States on account of the stock held in
that bank
710
Cottons, (see Duties or
Cotton recommended for protecting duties
230
Cottons in 1829 and 1830.—Amount of duty secured on
270
Cotton for various periods from 1792 to 1834.—Quantity and
value of exports of
659
:Cotton trade.—Remarks upon the importance of the
685
Credit system.—Suggestions of improvement in the mbde of collecting, duties on imports, or
15
Credit.—Remarks on tpe importance of a national bank in maintaining the public
223
Credits on revenue borbds..—Statement of the effect or operation
upon the revenue of he act of 1:4th July, 1832, abolishing long
381
Currency of the United[States.—Opinion o f L . McLane,Secretary
of theTreasury, in D(jcember, 1831, as to the important agency of
a national bank in establishing and preserving the
224, 234
INDEX.
.773
PageCurrency, on 15th April, 1834.—Recommendation of R.B. Taney,
Secretary of the Treasury, for the establishment of the
Currency, on December, 3, 1833.—Recommendation of R. B.
Taney, Secretary of the Treasury, for the establishment of the_
Currency.—Remarks of the Secretary of . the Treasury stating
present mode of keeping and disbursing the public money, as
regards the regulation of our
-0
'
Currency, in the United States and several nations of Europe, at
different periods.—Circulation in specie and paper, or
Currency in 1836.—Explanatory remarks concerning the deposite banks and the
Currency of specie, by refusing to receive, on, .the part of the
United States, bank notes o.f a less denomination than $5.—
Circular to encourage the
Currency of the United States.—Remarks on the operations of
the Mint and the
Custom-house bonds.—(See Bonds.)
Custom-house officers.—Relative to inequality, &c. of compensation to
' •
Custom-house officers.—Provision of law necessary to compel the
surrender of books and papers by attorneys, marshals, land and
Custom-house officers.—Remarks concerning the compensation to
Customs.—(See Receipts from.)
Customs.—Receipts from.—(See Receipts.)
Customs.—Estimate of receipts from.—(See Estimates.)
Customs for 1836.—Explanations of estimates of receipts from
Customs.—Relative to inadequacy of compensation to officers of
the
'
Cutter service.—Relative to pay of officers in the revenue
Cutter service.—Suggestions for thev improvement of the revenue
451
337
573
,616
646
678
694
12
12
700
631
226
92
481
P.
Damages on bill of exchange.—(See-French indemnity,)
Debentures.—(See Drawback.)
Debt in 1828.—Payments on account of public
5, 32
1829.—Payments on accounit of public
- 85. I l l
1830.—Payments on account of public
87, 253
1831.—Payments on account of public
283, 317
1832.—Payments,on account of public
377
1833.—Payments on account of public
463
1834.—Payments on account of public
627
1835.—Payments on account of public •
479
1836.—Payments on account of public
681
Debt on 1st January, 1829.—Amount and description of the funded and unfunded public
7
1830.—Amount and description of the funded and unfunded public
7,43 87
(
1831.—Amount and description of the funded and unfunded public
87, 122,219
774
INDEX
Page.
Debt oil 1st January, j.832.—Amount, and description of the fund220,268
ed.and unfunded public
f833.—Amount and description of the fund286. 330
ed and unfunded public
J.834.—Amount and description of the funded and unfunded public
380,422
|835.—Amount and description_of the funded and. unfunded public
466,. 504
1836.—Amount and description of the funded an$ unfunded public
681
Debt.—Estimates in 1|329, of expenditures for present and ensuing year.on account of the public
6, 10
1830, of expenditures for present and ensuing
86, 89
year on account of the .public
1831, of expenditures for present and ensuing
219, 221
year on account of the public
1|832, of expenditures,for present and ensuing
285,288
year on account of the public
l|833, of expenditures for present, and ensuing
379
year on account of the public
1834, of expendituresrfor present and ensuing
465
year on account of the public
1|835, of expenditures for present and ensuing
629
: year on account of the public
lp3v6, of expenditures for present and ensuing
year on account of the public
681
Debt redeemable in 1829.—Amount of public
7
1530.—Amount of public
8
8
1831.—Amount of public
1832.— Amount of public
IS33.—Amount of public
1£34.—Amount of public
1£35.—Amount of public
629
1536.—Amount of public
Debt and reduction of duties.—Advantages anticipated from the
17
payment of the publ: c
Debt shall be paid.—Relative to .the fiscal operations of the Government when the public
90
Debt, (see Surplus.)—Surplus fund applied to payment of public.
Debt on the 3d March, 1833.—Calculation for the total extinguishment of the public
222
Debt.—Remarks concerning the agency of the iBank of the United
States in paying part of the public
294
Debt on 1st January, 1.834.—Calculation for the total extinguishment of the public
379
Debt be brought to the seat of Government.—Recommendation
tiiat the books and papers relating to the public
384
Debt, and not applied for. on 1st October, 1833.;—Statement of
423
moneys previously dyanced for payment of-the public
Debt.—Remarks concerning the final payment of the public
474
Debt, and amount rem lining unpaid on 1st January, 1836.- -Remarks on the final e xtinguishment of the public
62°
INDEX.
.775
Page.
Debt and army land warrants received in payment for the public
land.—Amount of certificates of public
661
Debt, funded and unfunded, and its condition in 1836.—Remarks
on expenditures on account of the public
*
.
681
Debtors to United States for duties in 1831.—Recommending relief to insolvent
235
Debtors.—Suggestion, for continuance of act for relief of insolvent
700
Denmark.—Amount of first and second instalments under treaty
with
,
283
Denmark in Treasury in 1836.—Awards under convention with
714
Deposites from the Bank of the United States, and placing them in
State banks, with names of, and instructions to, same.—Reasons of the Secretary of the Treasury, on 3d December, 18333.
for removing the'
337
Deposites of the public money in selected banks by disbursing
officers of the Government.—Regulations of the Secretary of
the Treasury approved by the President of the United States*
for
376
Deposites from the Bank of the United States.—Reasons of the
Secretary of the Treasury, on 15th April, 1834, for removing
the
"
451
Deposites in banks.—Suggestions concerning the payment of interest on
"
478
Deposite banks and the currency in 1836.—Explanatory remarks
concerning the
646
Deposite banks.—Remarks on the keeping of the public money,
and state of the
690
Deposite banks near 1st November, 1836.—Condition of the several
746
Deposite, banks near 1st June and 1st November, 1836.—Recapitulation of accounts of
758
Deposite bank, on 7th November, 1836.—Condition of the Bank
ofWooster, a
^
,759
Deposite banks on 1st December, 1836.—Amount to credit of the
Treasurer of the United States, <fcc. in the
760Deposite banks to prevent encouragement of monopolies in purchases of public lands by excessive bank credits.—Circular to
764
Deposite banks.—(See Banks.)
Depositories for the same.—Report of the Secretary of the Treasury, December, 1834, stating the present system of keeping
and disbursing the public money, and reasons for selecting
certain banks as
•
557
Depositories of the public money in 1834.—List of banks selected
as
601
Depositories >of public moneys in the District of Columbia, &c.—
List of
619
Diplomatic expenses.—(See Expenditures.)
Directors of the Bank of the United States.—Reports of Government
357, 364
Direct tax in Treasury in 1836.—Surplus proceeds of property
sold for
714
776
INDEX.
District of Columbia; when incorporated;. when selected as depositories of the Gjcovernment: when stopped payment, and
amount then due to United States.—List of banks incorporated
by Congress in the
Dividends on stock of| the Bank of the United States.—(See Receipts from.)
Dividends on stock.—(KSee JBank of the United. States.)
Drafts of branches of the United States Bank for dues.—Circular
to collectors of customs and receivers of public money, relative
to receipt of checks or
Drawback of duties in 1828.—Debentures for
1829.—Debentures for
1830.—Debentures for1831.—Debentures for
1832.—Debentures for
Drawback.—Regulations for storing goods for the benefit of
Drawback.—Duties charged on'carriages and horses from adjaM cent foreignoterritories without benefit of
Drawback of duties, in 1829.^—Debentures for
Drawback on refined sugar in 1829.—Debentures for
Duties on imports and tonnage, (see Receipts from customs.)—
Amountof.
Duties, (see Collection.)—Expenses of collection of.
Duties on imports.—Pjan proposed by Mr. Ingham, in 1829, for
reduction of
Duties on woollen goocjs.—Construction of law relative to calcu. lating the
Duties on carriages and horses, without benefit of drawbackTravellers, from adjacent foreign territories to pay
Duties,on imports, or the credit system;—Suggestions for improvement in the mode of collecting
Duties.—Advantages anticipated from the payment of the public
debt and reduction of
Duties in 1828 on imports not produced or manufactured in the
United States.—Amount of
Duties of Great Britain for 18 9 0.—Tariff of
Duties of France for 1822.—Tariff of
Duties of Russia for 1822.—'Tariff of
Duties of Naples for 1824.—Tariff of
Duties under tariff acts of 1830.—Reduction in 1831 of
Duties, as to retain sufficient for the support of Government and
payment of the public debt—Suggestions so to regulate the reduction of
Duties, owing to different valuation of goods.—Difficulty in establishing uniformity in the
Duties, owing to the difference between the relative and true value
of foreign coins.—Inequality in
Duties, specific and1 ad valorem, and expenses of collecting same
in 1828.—Value and quantity of imports, and amount of
Duties, specific and ad valorem, and expenses of collecting same
in 1823—Value and quantity of imports, and amount of
Page.
619
618
18.
96
236
297
3.86
13
13
96
96
10
11
13
15
17
44
45
61
71
78
89
90
92
94
19
97
INDEX.
.777
Duties, specific and ad valorem, and expenses of collecting same
-in 1830.—Value and quantity of imports, and amount of
237
Duties, specific and ad valorem, and expenses of collecting same
in 1831.—Value and quantity bf imports, and amount of
298
Duties, specific and ad valorem, and expenses of collecting same
in 1832.—Value and quantity of imports, and amount of
388
Duties on enumerated articles in 1828.—Quantity and amount of
20
1829. —Gluantity and amount of
98
1830.— Quantity and amount of
238
1831.—Quantity'and amount of
299
1832.-^Quantity and amount of
388
Duties to subserve the wants of the Government after the, payment
of the public debt.—Propriety of a revision and alteration of the
tariff of
226,229
Duties in 1831.—Amount and prospect of payment of bonds for
234
Duties secured on woollen goods, wool, cottons, iron, hemp, cordage, and su<rar, in 1829 and 1830.—Amount of
269
s
Duties to be refunded under act of 14th'July, 1832.—Estimate of
287
Duties to. the wants of the Government.—Suggestions in 1832 for
the reduction of
28.8
Duties. -Considerations regarding the execution of the act of
14th July, 1832, for refunding certain
292
Duties under act of 14th July, 1832.—Effect upon the revenue of
short credits and cash
381
Duties in 1834.—Opinion that the,revenue would not admit of
any reduction of
383
Duties for , protection only should be abandoned.—Suggestions
that
384
Duties, and free of duty, in 1S32,1833,1834, and 1835.—Value
of exports, and consumption and value of imports paying
655
Duties on imports, so as to reduce them to the wants of the Government.—Suggestions for change of
687
Duty, in each year, from 1821 to 1829, inclusive.—Value and
quantity of merchandise free of
124
Duty ad valorem, from 1821 to 1829, inclusive.—Value and quantity of merchandise subject to
129
Duly, specific, from 1821 to 1829, inclusive.—Value and quantity
of merchandise subject to
/
139
E.
Edgar & Macomb, at New York, in 1787.—Amount of stock
issued at the Treasury for lands sold to
Effective, (see Funds.)—Funds not.
Estimated balances, (see Balances.)
Estimates of receipts for present year, in, 1829
1830
1831
1832
1833
1834
271
6
86
218
284
378
-464
778'
INDEX,
Page.
Estimates of receipts | for present year, in 1S35.
1836
1
Estimates of receipts for ensuing-- year, in 1829
1830
'I
1831
1832
1833
1834
1835
I1836
Estimates for 1837.—Explanation of the
Estimate of expenditiues for present year, in 1829
1830;
1831
1832
1833
1834
1835
1836
Estimates for 1836, wnth suggestions on probable changes, to
1842.—Explanation; of the
Estimate of expendituii|es for ensuing year, in 1829
1830
1831
1832
1833
1834
,
1835
''
1836
Estimates of revenue.4—Considerations connected with receipts
from sales of lands ajnd from customs, to be taken into view in
future
Estimates of revenue, -Remarks relative to the operations of land
sales, and reduction of duties under the tariff,'on the
Estimates, appropriations, and expenditures, for 1832,-'3,-'4
Estimates of receipts from public lands for 1836.—Explanation of
Estimates of receipts as: to customs and lands for 1836.—Difficulties in,
Estimates of receipts from miscellaneous sources for 1836.—Explanation of
Estimate of expenditures for 1836.—Explanation of the
Estimates, appropriations, receipts, and expenditures, for 1833; '4,
and '5.—Statement of
Europe, at different peiiods.—Circulation in specie arid paper, or
currency in the United States and several nations of
Europe in 1824.—Curr :ncy of
Europe and America ir 1829. -Currency of
Exchanges by the branc hes of the Bank of United States in 1832,
'3, and '4.—Amount of domestic
Expenditures, (see Esti mates of.)
Expenditures, including public debt, for 1827
628
679
9,10
88
220
286
380
466
629
682
683
6
86
218
284
378
464
628
679
631
9, 10
88
221
286380
466
629
682
90
470
535
637
639
640
641
654
6f6
617
617
615
5
INI)EX,
779
Page.
Expenditures, including- public debt for 1828
5, 27
1829,
85, 105
lflSO
,217,246
1831
283, 310, 377
1832
377= 400,' 535
1833
463,484/535
1834
627
1835
679
three quarters of 1836
703
Expenditures, civil, diplomatic and miscellaneous, for 1828
5, 27
1829
85,'105
1830
217, .246
1831
283,310
1832
377,400
1833
463,484
1834
627
1835
679
Expenditures, civil, miscellaneous, and diplomatic, for three
quarters of 1836
703
Expenditures, military service, ihcludingfortifications, ordnance,
Indian affairs, pensions, and arming militia, for
1828
5, 28
1829
85,106
1830
217,247
1831
283, 311
1832
377,402
1833
463, 486
1834
627
1835
679
Expenditures, military service, including fortifications, ordnance,
Indian affairs, and arming militia, for three quarters of 1836
704
Expenditures, navai service, gradual increase, &c., for 1828
5, 31
1829
85, 110
1830
217,2.52
1831
283,315
1832:
377. 406
1833
463, 493
1834
627
1835
679
Expenditures, naval service, gradual increase, &c., for three
quarters of 1836
711
Expenditure on account of the public debt in 1828
5r32
1829,
85, 111
1830
217,253
1831
283, 317
1832
- 377,408
1833
463,494
1834
627
1835
679
Expenditure on account of the public' debt for .three, quarters of
1836
680
Expenditures.—Remarks relative to the powers exercised by the
Treasury regarding incidental
11
TSO'
INDEX,
Page,
Expenditu.res for 1832 -'3,-4.-—Estimates, appropriations, and
Expenditures in each State in LS34.—Statement of the appropriations, collections, a Lid
Expenditures for 1836 -Explanation of the estimate of
Expenditures, for 1833 '4,-5.—Statement of estimates, appropriations, receipts, and
Expenses of collecting} the revenue, (see Duties.)
Exported from 1821 ,o 1829, inclusive.—Quantity and value of
foreign merchandise
Exported from 1821 tc 1829, inclusive—Total value of foreign
merchandise
Exported in 1834.—Ajnount of bullion and specie imported and
Exports in 1829.—Estimated amount or value of
1830.—Estimated amount or value of
1831.—Essiimated amount or value of
1832.—Esstimated amount pr value of
1833.—Esstimated amount or value of
1834.—Estimated am'ount or value of
1835.—Estimated amount or value of
1836.—Estimated amount or value df
Exports and consumpllion for 1^832,-'3,-'4, and '5.-^Value of imports free and pay in ^ duty, and value pf
Exports, and consumption of foreign merchandise, from 1789 to
^tatement of imports
1835, inclusive.—St
Exports, and value of exports of domestic produce, from 1789 to
-1835.—Statement of• the whole value of
Exports of co.tton for a
\\arious periods from 1792 to 1834.—Quantity and value of
Fees of office, (see Compensation.)
Finances for 1829, b} S. D. Ingham, Secretary.—Report on the
1830, b} S. D. Ingham, Secretary.—Report on the
1831, by Louis McLane, Secretary.—Report c>n the
1832, by Louis.McLane, Secretary—Report on the
1833,by Roger B. Taney, Secretary.—Report on the
1834, by Levi Woodbury, Secretary.—Report on the
1835, by.Levi Woodbury, Secretary.—Report on the
1836, by Levi Woodbury, Secretary.—Report on the
Finances.—Remarks elative to the acts requiring from the Secretary of the ^Freasn ry an annual report on the
Fire-proof building.,—Relative to loss of valuable papers by the
destruction of the Treasury building, and the necessity for providing a
^
Fiscal.operations of the Government when the public debt shall
be paid.—Remarks relative-to
Fiscal year.—The Secretary of the Treasury, recommends a
change in the
Fiscal year.—Suggestion for a change in the
Fish.—Relative to" duty on salt, and drawback on pickled
535
608
641
654
174
216
625
9
88
220
287
381
467
631
684
655
656
658
659
5
85
217
283
377
463
627
679
223
385
90
479
701
93
INDEX.
Pish imported from 1821 to 1829, inclusive.—Quantity and value
of
=
Fish exported from 1821 to 1829, inclusive.—Quantity and value
of
Fisheries.—Remarks relative to bounties on vessels employed in
the
Fisheries in 1828.—Bounties and allowances to vessels employed
in the
1829.—Bounties and allowances to vessels employed
in the
1830.—Bcjunties and allowances to vessels employed
in the
1831.—Bounties and allowances to vessels employed
in the
1832.—Bounties and allowances to vessels employed
in the
Fishing vessels.—Regulation of licenses for coasting and
Foreign coin has upon the duties on imports.—Effect that relative and true value of
Foreign merchants.—Suggestions for establishing, a fair competition in trade between American and
Fortifications, &c., military service, (see Expenditures.)
Fortifications.—Remarks as to cause for reduction of appropriations for
France for 1832.—Tariff of duties of
France.—The Secretary of the Treasury complains that the Bank
of the United States had seized upon dividends upon stock, to
secure the amount of damages on protested bills of exchange
for the indemnity from
France.—Loss to the United States by the discriminating duties
in favor of silks and wines of
Franbe.—Correspondence and statement of the charges5 by the
Bank of the United States, for damages and other costs on the
bill of exchange for the' indemnity lrom
France at different periods.—Currency of
France in 1836.-^Re'ceipts and payments on account of indemnity from
^
France.—Remarks concerning the reception of instalments due
under the treaty with
Frauds on the revenue by smuggling.—Suggestions for preventing
Frauds on the revenue -by smuggling spices.—Suggestions for
preventingFrauds in purchase of the public-lands.—Circular to prevent
Free of duty in each year from 1821 to 1829, inclusive.—Yalue
and quantity of merchandise Fund, (see Surplus fund.)
Funded and unfunded debt, (see Debt.)
Funds not effective in 1829
1830
.
Funds not effective or available in 1831
«
1832
.781
Page,
170
214
12
18
96
236
297
386
12
94
94
472
61
468
476
509
617
681
700
13
91
764
124
6
86
218
284
782
INDEX.
Funds not effective ir available in 1833
1834
,
1835
1836'
Page.
-
379
475
628
680
Go
Gales & Seaton.—Pecuniary transactions of Messrs.
363
Ghent, in Treasury in 1836.—Balance of awards under treaty of
714
Gold coins of value of one dollar.—Recommendation for authorizing the,making of
479
Gold and silver cur rency in the United States, and various other
countries, at different periods.—Amount of
616
Gold .and. silver bullion and specie imported into the- United
States in1833-'4.-j-Amount of
*
620
Gold and silver bullion and specie in 1833-4—Amount of imports and exports of
625
Great Britain in 1830.—Tariff of duties of
45
Great Britain—Relative and true value of the pound sterling of
94
Great Britain at different periods.—Condition of the Bank of
England, and currency of
602, 616
H.
Hemp.—(See Duties on.)
Hemp recommended for protecting duties
Hemp in 1829 and* l:830.—Amount of duties on ~
Holland in 1830—C jrrehcy of
Hospital fund in tru .st in Treasury in 1836.—Amount of navy
• Hospitals,—Relative ;o sites for marine
I.
Illicit trade with adjacent foreign territories.—Suggestions to prevent
Imported and on tonnage in 1828.—^Quantity and amount of duty on enumerated e.rticles
r
Imported arid on tonnage in 1829.—Quantity apd amount of duty on enumerated articles
Imported and on tonr age in 1830.—Quantity and amount of duty on enumerated,exticles
Imported and on tonn age-in 1831.—Quantity and amount of duty on enumerated articles
Imported and on tonnage in 1832—Quantity and amount of duty on enumerated EJticles
Imported into the United States in 1833-4*—Amount of gold and
silver bullion and s pecie
Imports for year ending Sep. 30,1830.—Estimated am't or value of
r
183L—Estimated am't or value of
1832.—Estimated am't or value of
1833.^Estimated am't or value of
230
270
617
714
701
13
20
98
238
298
.388
^
'620
88
220
287
381
INDEX.
.783
Page.
Imports for year ending Sep, 30,. 1834.—Estimated am't or value of
1835.—Estimated am't or value of
1836.—Estimated am't or value of
Imports from adjacent foreign territories, to prevent illicit trade.—
Suggestions for .the regulation of
Imports, the like of which'arejnot produced or manufactured in the
United States.—Amount of duties in 1828,s on .enumerated
articles of
Imports in each year, from 1821 to 1829, inclusive1—Value and
quantity of
Imports in each year:, from 1821 to 1829, inclusive.—Total value
of all
'
Imports, &c—Comparison of increase of population with the consumption of
Imports free and paying duty, for 1832-3-4, and '5.—Value of exports and consumption, and value of
Imports, exports, and consumption of foreign merchandise from
1790 to 1835, inclusive.—Statement of
Improvements to a proper extent.—Remarks on propriety of encouraging internal
Incidental receipts, (see Receipts.)
Indian affairs, military service, &c., (see Expenditures.)
Indians—Remarks on cause for reduction of-appropriations for
Indian schools in Treasury, in 1836.—Funds for support of
Insolvent debtors to United States, for duties in 183,5, &c.—Recommending relief to
Insolvent debtors.-—Suggestion for continuance of act for relief of
Interest on deposites, in banks.—Remarks on subject of demanding
Internal improvements and other objects.of a general n a t u r e Remarks on necessity for retaining means to provide, for works
classed as
'
Ireland in 1832.,—Currency of
Iron.—(See Duties on.)
Iron recommended for protecting duties
Iron in 1829 and 1830.—Amount of duties secured on
467
631
684
13
44
124
173
633
655
656
233
472
714
235
700
478
472
617
230
270
J,
Judiciary, instead of Congress and the Executive, to make appropriations, by legalizing the seizure by the Bank of the United
States of funds in its own hands.—The Secretary of the Treasury complains of a probable undue exercise of power by the
470
L.
Land granted as bounties during the late war,, arid to certain
States and Territories, for colleges, roads and canals, seats of
Government, saline reservations, and common schools, to
October, 1835.—Total quantity of
Land Office, of the operations of that office in 1831.—Annual
report of the Commissioner of the General
of the operationsaof that office in 1832.—Annual
report of the Commissioner of the General
662
271
f_331
m
INDEX,
Page,
Land* Office, of the operations of that office in 1833.—Annual
report of the Commissioner of the General
428
of the, operations of that office in 1834.—Annual
report of the Commissioner of the General
537
Land Office in 1831—Considerations showing the necessity
of additional aid in :he General
^
273, 281
Land Office in 4833,—Considerations showing the necessity
of additional'aid in the General
430
Land Office^—Precautions against the destruction by fire of the
archives, title-papers, &c., in the General
430
Land Office, and means necessary to bring them up.—Statement
of arrears of business in the General
433
Land Office.—Remarks of the Secretary of the Treasury, relative
to the increased business and operations of the General
482
Land Office.—Remarks concerning the business and supervision
of the Treasury Department over the General
699
Land patents for the President.—Additional labor, in the General
Land Office, caused by the law authorizing a secretary to sign
430
Land cases.—Difficulties, from the want in the General Land
Office of the statutes and the reports of adjudicated decisions
of courts in the several States in
431
Land office in Indiana, in 1831.—Recommending an additional
273
Land offices in 1830 ar d 1831.—Amount of registers and receivers'returns, and operations of the several
276, 278
in 1831 and 1832.—Amount of registers and receivers' returns, and operations of the several
333, 335
in 1832 arid 1833.—Amount of registers and receivers' returns, and operations of the several
435, 437
in 1833 and 1834.—Amount of registers and receivers' returns, and operations of the several
540, 542
Lands in 1S31.—Operations and difficulties of the offices of Surveyors General of public
271
in 1832.—Operations and difficulties of the offices of Surveyors General of public
331
in 1833.—Recommendation of additional provision for
surveying the public
432
Land officers.—Provision of law necessary to-compel the surrender of books and papers by attorneys, marshals, custom-house
1
and
12
Lands.—Receipts from kale of, (see Receipts.)
Land, and quantity sold.—Receipts in cash and scrip, and incidental expenses, from sale of public:
in 1828^
5,24
in 1S29
85, 102
in 1830
217,242
in 1831
283, 305
in 1832
377,395
in 1833
463,548
in 1834
t627
in 1835
679
in three quarters of 1836
679
INDEX.
Lands, for present and ensuing year, in 1829.—Estimate of receipts from public, (see Estimates.)
Lands, to the States in which they lie, and distribution of the proceeds among the several States.—Recommendation for the sale
of the public
Lands United States1.—Payments on lands sold .prior to. July 1,
1820, under act of March 31, 1830, and supplemental act of
February 25, 1831, for relief of purchasers of public lands,
and suppression of fraudulent practices at the public sales of
Land sold at each land officeimder the cash system, from July 1,
, 1820, to December 31,-1832.--Quantity o f
'''
Land sold, amount jpaid therefor, <fcc., from 1787 to 183$.—Nett
quantity of public
Land prior to opening the land offices in, I787rl792, and 1796.—
Statement of special sales of public
...
Lands to October. 1835.-:—Amount of public debt, army land
warrants, United States and -Mississippi stock,, forfeited land
stock, and military scr-ip received in payment for the public
Lands.—Circular to receivers of public moneys, and to^ deposite
banks, relative to excessive credits, and encouragement given
thereby to frauds,'speculations, and monopolies in the purchase
of the public
,t
Lands for 1836.— Explanation of estimates of receipts from
Land scrip in paynient for lands, at the,land offices in Ohio and
Indiana.—Suspicion of fraud in-the reception of an undue portion of
Land scrip received in payment for lands in Ohio, Indiana, and
Illinois, in 1830, ,1831. 1832. and first three -quarters-of 18,33.Amount of military bounty
Land stock issued to Septemher- 30. 183.1.—Total amount of forfeited
,
'
'
Land stock issued under acts May 23,1828, March 31, 1830, and
July 9, 1832: and. also, the amount received in payment to
September 31, 1833. -Amount of
'
"Land stock and military land scrip issued and surrendered to
September 30, -1834.—Statement of amount of forfeited
.
Land warrants issued to November 14, 1831.—Quantity and
amount of scrip issued for Virginia and United-States military
Land warrants issued to November 30,1833.—Provision for satisfying Virginia and-United States military"
Land, warrants satisfied with scrip . quantity of land for which
scrip has been issued r amount in money. number of certificates
of scrip issued under acts May 30, 1830, July 13, 1832, and
March 2, 1833, to November. 1833.—Number of each descrip„ tion of
Land warrants satisfied. with scrip quantity of land for which
scrip has been;issued .. amount in mgney.. number of certificates
of scrip issued under said acts to November 15, 1834.—Number of each description of
Laws, and their due execution.—Considerations regarding the
necessity for enacting conciliatory
Digitized for VOL,
FRASER
iii —50
.785
Pag e
227
280
438
660
661
661
764
636
429
449
271
444
544
281
429
448
546
232
786'
INDEX,
Page-
fishing vessels - -Remarks concerning
Licenses for coasting
£the regulation of
ouses.- •Remarks concerning the number
Light-boats and
and utility of
Light-houses.—Rernarp-relating to the improvement and regulation of
-
12
482
652
M..
Machinery has upon h uman economy and labor.—Considerations
regarding the effect that
16
Macomb at New York in 1787.—Amount of' stock issued at-.the
Treasury, for lands sold to Edgar and
271
Manufactures to a certiin extent.—Propriety of protecting American
,
229,290
Manufactures merely Are to be abandoned.—Suggestions -that, duties for the protection of
384
Marine hospitals.—Relative, to sites for
7Q1
Marshals, custom-house and land officers.—Provision of law: necessary to. compel the' surrender of books and papers by attorneys
12
Measures.—Relative t(j> the preparation of the new weights and
481
Merchandise.—(See Imports.)
Merchandise in the, Treasury in 1836.—Amount of unclaimed
714
Military service.—(See Estimates "and. expenditures for.)
Militia, &c.,/military service.—(See Estimates and expenditures
for.)
Millrea of Portugal.—Relative and true value of the
94
Ministers in foreign countries.—Relative to the inadequacy of
compensation of public
227
Mint.—Information concerning the operations and suggestions
for the proper regulation of the
480
Mint, and specie in ba:iks, circulation, &c.—Remarks concerning
the currency, operations of the,
694
Mint on December 1, 1836.—Amount to credit of Treasurer in
the
762
Miscellaneous expensed.—(See Estimates and expenditures.)
Mississippi stock received in payment- for the public lands to October, 1835;—Amount of
661
Molasses in 1828.—Quantity and amount of duty on
19
Money power of" the Government, to regulate the unequal action.
of capital.—Considerations regarding the
16
N.
Naples in 1824.—Tariff of duties- of
78
Naples received and awarded in 1835.—Indemnity from
679, 681
Naples.—Relative to payment of third instalment under- treaty
1
with
»
701
Naval service, including the gradual increase of the navy.-—(See
Estimates and expenditures for.)
INDEX.
.787
Page.
Navigating interest,, and its depression in 1830.—Remarks concerning the
Navigating interest.—Suggestions for the improvement of the
Navy pension fundj in trust in the Treasury in 1836.—Amount of
Navy hospital fund, in trust in the Treasury in 1836.—Amount of
90
231
714
714
O.
Officers of the customs.—Relative to compensation to
Officers of the customs.—Remarks concerning the compensation
to
,
Ordnance, &c., military servicc.-^(See Expenditures.)
1'2, 226
700
P.
Passports and clearances iii 1828—Duties on
1829.—Duties on
1830.—Duties on 1831.—Duties on
Patent Office in 1836.—Receipts and expenditures on account of
'the
'
Pensioners.—Cause of reduction of appropriation for
Pension funds in 1836.—Amount of navy and privateer
Pensions, military service, &c.—{See Expenditures.)
Population with" the consumption of imports; &c.-^-Comparison
of increase of
Portugal.—Relative and-true value of the millrea of
Post Office in 1836.—Receipts and expenditures on account of the
General
Pound sterling of Great Britain.—Relative and true value of the
Power of the Government to regulate the unequal action of capital.—Considerations regarding the money
,
Powers not defined bylaw, as regards the custom-houses and land
offices.—Remarks relative to the exercise of
Privateer pension fund in 1836.—Amount of
Protested bill of exchange.—(See "French indemnity.)
Prussia at different periods.—Currency of
Public debt.^-(See Debt.)
Public money.—(See Deposites.)
18
96
236
297
681
472
714
633
94
681
94
16
11
714
617
a
Quantities of merchandise:-^(See Value.)
R.
Receipts.—(See Estimates of.)
into the Treasury from all sources'in -1827
1828
1829
1830
-
5
5,85
- 85,217
- 217,283
788
INDEX.
Page.
Receipts into the Treashry from all sources in 1831
283, 377
377, 463
1832
463, 627
1833
627
1834
679
1835
into the Treasury from all sources for 3 quarters of 1836.
679
and estimate for fourth quarter
5, 18
Receipts from customs in 1828
85, 96
"I
1829
217, 236
1830
283, 297
1831
377, 386
1832
463, 627
1833
627
1834
679
1835
from customs for 3 quarters of 1836, and estimate for
679
fourth! quarter
Receipts from lands in 1828
5, 24
1829
33,85,102
/I' 1830
217,242
1831
283,305
•'
1832
377,395
1833
463,627
. 1834 t
627
1835
679
from lands for 3 quarters, of 1836, and estimate for
fgurth quarter
679
Receipts from barik stock in 1828
5, 26
1829
•
85
J 830
217
1831
283
1832
377
1833
463
1834
627
1835
679
!
k for 3 quarters of 1836, and estimate for
;er
679
828
5
829
85
830
217
831
283
832
833
834
835
rter
is,
3 other
quarters
than ofcustoms
1836, and
and lands,
estiinated
in 1831
1829
18281830
for- 35, 463
377
627
309
246
679
104
26
INDEX.
.789
Page.
Receipts from all sources, other than customs and lands, in 1832
1833
1834
1835
from all sources, other than customs, and lands from 1st
January, to 30th September, 1836
Receipts, appropriations, and expendituresin each State in 1834.—
Statement of
.
,Receipts from customsin 1836.—Explanations of the estimates of
Receipts and expenditures in 1833/ 4, and '5.—General statement,
of estimates, appropriations
Receipts and expenditures on account of the Post Office Department in 1836
.
Receipts in Treasury held in trust for certain objects in 1836
Receivers of public ! money relative to receipt of checks or drafts
of branches of the Bank of the United States.—Circular to all
Receivers of public money, to prevent frauds, speculations, and
monopolies, in thle purchase of the public lands.—Circular to
deposite banks and
R evenue.—{See Receipts.)
Revenue laws recommended.-r-Modification of.
Revenue.—Considerations taken into view in 1830, as regards future estimates of the
Revenue to the wants of the Government, after the payment of the
public debt.—Observations regarding the reduction of the
Revenue cutter service.—Relative to pay of officers in the
Revenue cutter service.—Suggestions for the improvement of the
Revolution.—Further provision recommended for the soldiers of the
Roads and canals to a proper extent.'—Expediency.of encouraging
the construction of
Roads and canals.—Quantity of lands granted to States and Territories for
Russia at different periods.—Currency of
Russia for 1822.—Tariff of duties of
-
399
483
627
679
713
608
631
654
681
714
618
764
12
90
224
92
481
227
233
662
617
71
S.
Saline reservations.—Quantity of land granted to States for
Salt in 1828.—Quantity, and amount of duty on
1829.—Quantity and amount of duty on
1830.—Quantity and amount of.duty on
1831.—Quantity and amount of duty on
1832.—Quantity and amount of duty on
Salt and drawback on pickled fish.—Relative to duty on
Salt imported into: United Stated from 1821 to 1829, inclusive.-Quantity and value of
Salt exported from 1821 to 1829, inclusive.—Quantity and value
of
.
'
Schools.-^Quantity of land granted to States for common
Scotland -in 1832.—Currency of
Scrip.—(See Lands.)
662
19
97, 98
238
299
389
92
166
210
662
617
790
•INDEX.
Pag-.e
Seats of Go.veriim'ent.— Quantity of land granted to States for
Selected State banks.—Report of Secretary of the Treasury, December,, 1834, on the present system of keeping and disbursing
the public money in •
Selected as depositories of the public money.—List of banks
Sefected banks.—|(S.ee Banks.)
Sicilies, in Treasury in'L836.—Amount of awards, under the convention with thje King of the Two
Silks and jvines.-4-Loss to United States by discriminating duties
in favor of French
Sinking fund act in 1820.—Reserved under the.
Sinking fund in 1830.- Estimate of sum anticipated to be at the
disposal of the qommi ssioners of the
Sinking fund in 1830.- Funds placed at the disposal of the commissioners of thje
Smuggling or illicjit trad e with adjacent foreign territories.—Suggestions for preventing
South Carolina inlresisti ng the execution of the revenue laws in
1832.—Relativej to steps taken to counteract the measures o f
Spain in 1782.—Cjurrency of
Spain in 1836.—Receipts and playments on account of indemnity
by
Specie imported into United States in each year, from 1821 to
1829, inclusive
.Specie exported frbm 18^1 to 1829, inclusive.—Amount of
Specie imported irito United States .in 1833-4.—Amount of gold
and silver bullion and*
Specie imported and exported in 1833 4.—Amount of gold and
silver bullion and
Specie, by refusing to resceive, on the part of the United States,
. bank notes of ai less denomination than $5.—Circular to encourage the circulation'of
Specie in banks, circulation, &c., in 1836.—Remarks .concerning,
the currency, operations of the'mint, and
Specie in circulation anc. banks in 1833-'4-'5-'6
Spices.—Suggestions for preventing frauds on revenue by smuggling, and for reducing duties on
Spirits in 1828.—Quant: ty and amount of duty on
1829.—Gluantity and amount of duty on
1830.—(Quantity and amount of duty on
1831.—Gluantity and amount of duty on
1832.—Quant: ty and amount of duty on
Spirits imported into Un ted States from 1821 to 1829, inclusive,
—Quantity and value of
Spirits exported fromJ 321 to 1829, inclusive.—Quantity and
value of
Spirits and refinedj sugar in 1828.—Drawback on distilled
_ 1829.—Drawback on distilled
1830.—Drawback on distilled
1831.—Drawback on distilled
1832.—Drawback on distilled.
662
557
601
714
476
10
88
13
295
617
681
128
176
620
625
678
694
696
91
19
98
238
299
388
143
190
1-8
96
236
297
38.6
INDEX.
.791
Page.
State banks.—(See Banks.)
State~ in 1S34.—Statement of appropriations, expenditures, • and
collections irl each
608
States and Territories, for colleges, roads and canals, seats of
Government, saline reservations, and common schools.—Quantity of land granted to certain
662
Steamboats for the preservation of life and property.—Remarks
relative to regulation of
^
_
700
Stocks constituting the public funded debt in 1829
7
1830
7, 43,87
1831
87, 122, 219
1832
220,268
1833
286,330
1834
380,422.
1835
466,504
1836
681
Stock of Bank United States, for payment of public debt in 1833.
—Disposal of shares of the
222
Stocks to meet appropriations in case of deficiency in the Treasury.—Suggestion to empower the Secretary to sell bank and*
canal
"
"
'
477
Stocks owned by the United States.—List of canal and bank
536
Stock received in payment for public land.—Amount of Mississippi and United States stock and forfeited land
661
Stock in that bank.—Correspondence with the Bank of United
States relative to
663;
Stock—(See Land)—Forfeited land.
Stock of—(See Banjk United States.)'
Storing goods for benefit of drawback..—Regulations for
13
Sugar in 1828.—Quantity and amount of duty on
19
1829,.—Quantity and amount of duty on
97, 98
1830.—Quantity and amount of-duty on
238
1831—Quantity and amount of duty on
299
1832.-^Qiaantity and amount of duty on
388
Sugar imported into the United States from 1821 to 1829, inclusive.—Quantity and value of
147
Sugar exported from 1821 to 1829, inclusive.—Quantity and value of
194
Sugar recommended for protecting duty
230;
270
Sugar in 1829 and 1830.—Amount, of duty secured on
Sugar in 1828.—Drawback on distilled spirits and refined
181829.—"Drawback on distilled spirits and refined
9&
1830.—Drawback on distilled spirits and refined
236
1831.—Drawback on distilled spirits and refined
297
1832.—Drawback on distilled spirits and refined
386
Surplus fund on 1st January,. 1830-.—Amount carried to the
7
1831.—Amount carried to the
87
1832;—Amount carried to the
219
1833.—Amount-carried to the
285
r
1834.—Amount carried to the
379
1835.—Amount carried to the
465.
792'
INDEX,
Surplus fund on 1st Jajiuary, 1836.—Amount carried to the
1837.—Amount carried to the
Surplus revenues-Considerations regarding the disposition of
Surplus in the Treasury in banks, on interest, or invest it in safe
stocks, for the purpose of income or revenue.--Suggestion for
deposite of
Surplus in the Treasury in 1836.—Explanation relating to the
Surplus in the Trjeasury in 1836, and suggestions for the disposition of it.—Remarks concerning the
Survey of the coast to the care of the Navy Department.—Relative to the transfer of
Surveyors "General of public lands, and operations of those offices
in 1831— Additional clerks'required in the offices of
Surveyors General of public lands, and operations of those offices
in 1832.—Additional clerks required in the offices of
Page.
628'
'681
228
477
643
'686
482
271
331
T
Tariff.—(See Duties on imports.)
Tariff of duties o|f Great Britain in 1835
45
France in 1822
61
Russia in 1822
71
, Naples in 1824
78
Tariff acts of 1830.—Reduction of duties under
89
Tariff of duties eqpal to the necessities of the Government:—Considerations shoying tie "propriety of rendering the
229, 289
Tariff of duties for.protection of .manufactures.merely, sjbould. be
. abandoned—Suggestions that a
384
Tariff act of 183$.- Inconveniences arising from not repealing
the
700
Tax in the Treasury in 1836.—Surplus proceeds of property sold
for direct
-I
714
Teas imported in 1828.- -Quantity and amount of duty on
19
'1829.- -Quantity and amount of duty on
97, 98
jl S30.-J— Quantity and amount of duty on
238
1831, Quantity and amount of duty 011
299
1832. -Quantity and amount of duty on
388
Teas imported in each 3 ear from 1821 to 1829, inclusive.—Quantity and value of
145
Teas exported from 182|L to 1829, inclusive.- -Qu an tity and value
of
192
Tonnage, (see Duties.)-j-Duties on imports and.
Tonnage and ligljt money in 1828.—Amount of duties on
18
1829.—Amount of duties on
96
1830'.—Amount of duties on
236
1831.---Amount of duties on
297
1832.—Amount of ditties 011
386
Tonnage employed in foreign trade in 1828.—Quantity of
18
1
- '
'
1829.—Quantity of
96
1
1830.—Quantity of
236
297
1831.—Quantity of
INQE3L
"'93
Page.
Tonnage employed in foreign trade in 1832.—Quantity of
Trade with adjacent 'foreign territories.—Suggestions for the regulation of3 and to prevent illicit
Trade to prevent, smuggling.—Suggestions- for regulating the
coasting
Trade with the West Indies.—Suggestions for improvement of
Travellers from adjacent foreign territories are obliged to pay
duties on carriages and horses without benefit of drawback
Treasury building, and the necessity for providing a fire-proof
building.—Relative to the loss of valuable papers by the destruction of the '
Treasury office on an enlarged scale, and fire-proof.—Recommendation for rebuilding
Treasury warrant.:—Form of
Treasury Department.—Concerning the reorganization of the
Trust for certain objects.—Receipts into the Treasury held in
380
13
15
13
3S5
482
603
701
714
U.
Unavailable funds.—^(See Funds.)
Valuation or appraisement'of goods under act 28th May, 1830.—
Difficulties existing in the
Valuation of goods—Difficulty in establishing uniformity in the
duties owing to different
Value of goods be taken at the place of importation, and hot according to foreign'invoice.—Recommendation that the
Value and quantity of merchandise on which duties accrued in
1828
Value and quantity of merchandise on which duties accrued in
1829
'
'
Value and quantity of merchandise on which duties accrued in
1830
Value, and quantity ;of merchandise on which duties accrued in
1831
Value and quantity of merchandise.,on which duties accrued in
1832
'
Value of all imports from 1821 to 1829, inclusive.—Total
Value of foreign merchandise exported from United States, from
1821 to 1829, inclusive.—Quantity and
Value of imports paying duty and free of duty, and value of exports and consumption for 1832, 1833, 1834, and 1835.—Statement of the
o
Value from year to year, (see Imports—Exports.)—Estimated.
Vessels.—-Regulation of licenses for coasting and
fishing
Virginia and United States military land warrants.—(See Lands.)
91
92
94
19
97
237
298
387
173
174
655
12
INDEX.
Page.
W.
13
W arehouses for stbring' ^oodSj &c. recommended.—The erection of
603
Warrant.—Formlof Treasury
Warrants, <fcc. received in payment for public lands.—Amount of
661
military land -|
Warrants.—(See Lands
481
Weights and measures.—Relative to the preparation of the new
West Indies.—Su'ggesti Dns for improvement of trade with the
15
Wines in 1828, {Quantity
'~
19
and amount of duty on
97, 98
1829.-4-Q.uar tity and amount of duty on
237, 238
1830.-4Quar tity and amount of duty on
298, 299
1831.-|Quar tity and amount of duty on
1°832.-^-Quantity and amount of duty on
387, 388
Wines imported; from 1821 to 1829, inclusiye.—Quantity and
142
value of
j
Wines exported jfrom 1821 to 1829, inclusive—Quantity and
value of
j
189
Wines—Loss to |the United States by discriminating duties in
476
favor of French silks and
230
Wool and woollen goods recommended for protecting duties
Wool and woollens in 829 and 1830.—Amount of duty secured
269
Woollen goods.—[(See "^uties on.)
@FedFRASER