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T A B L E

O F

C O N T E N T S

k
k

*
M r . H a m i l t o n on Public C r e d i t
by
M r . H a m i l t o n on a National B a n k by
M r . H a m i l t o n on M a n u f a c t u r e s
by
M r . H a m i l t o n on Establishing a Mintt
by
by M r . H a m i l t o n on Public C r e d i t
by M r . Gallatin on the F i n a n c e s
by M r . Gallatin on the F i n a n c e s
by M r . Gallatin on the F i n a n c e s
by M r . Gallatin on the F i n a n c e s
by M r . Gallatin on the F i n a n c e *
by M r . Gallatin on the F i n a n c e s
Report by M r . Gallatin on the F i n a n c e s
* ^ R e p o r t by M r . Gallatin on the F i n a n c e s
Report by M r . Gallatin on the F i n a n c e s
R e p o r t by M r . Gallatin on the F i n a n c e s
" ^ R e p o r t by M r . G a l l a t i n on the F i n a n c e s
^ R e p o r t by M r . Gallatin on the F i n a n c e ?

Fag<?.

^Report
J ^ Report
J. Report
^^Report
^wieport
^Report
' IT7
J Report
Report
-}• Report
^Report
V, Report

-

January,

17.90

-

December,
December,
May,

1790
1791
1791

54
78
133

-

January,

-

December,
December,
October,

1795
1801
1802

157
216

1303

November,
December,

1804
1305

December,
November,

1806

-

-

-

-

December,
June,

-

December,

-

December,
November,

-

-

R e p o r t by M r . Gallatin on the F i n a n c e s

-

. . R e p o r t by W i l l i a m J o n e s , ( A c t i n g Secretary

the F i u a n c e s

P^ Report by W i l l i a m Jones, ( A c t i n g Secretary

the F i n a n c e s

° R e p o r t by G. W . Campbell on the F i n a n c e s
<0

VOL.

I.—1

CM




-

December,
June,

1807
1808
1809
1S09
1810
1811
1812

December,

1813
1813

December,

1814

3

252
262
285
297
331
35G
373
391
398
421
443
468
488
499
523

REPORTS OF THE

262

[1803.

REPORT ON THE FINANCES.
OCTOBER, 1803.

In obedience to the directions of the act supplementary to the act entitled
"An net to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report and estimates.
The annual nett proceeds of the duties on merchandise and tonnage had,
in former reports, been estimated at nine million five hundred thousand
dollars. That estimated revenue, predicated on the importations of the
years immediately preceding the late European war, and on the ascertained
ratio of increase of the population of the United States, appears, from the
experience of the last two years, to have been underrated. The nett revenue arising from that source, which accrued during the year 1802, exceeds
ten million one hundred thousand dollars. The revenue, which has accrued during the first two quarters of the present year appears, from the best
estimate that can now be formed, to have been only fifty thousand dollars
less than that of the two corresponding quarters of the year 1802; and the
receipts into the Treasury, on account of the same duties, during the year
ending the 30th of September last, have exceeded ten million six hundred
thousand dollars. Those facts afford satisfactory evidence that the wealth
of the United States increases in a still greater ratio than their population,
and induce a belief that this branch of the public revenue may now be safely calculated at ten millions of dollars.
From the statement (A,) it will appear that the same revenue for the
last two years of the late European war, (1800 and 1801,) calculated at the
present rate of duties, averaged 11,600,000 dollars a year; but although it
might, with some degree of probability, be supposed that the r e n e w a l of
hostilities will again produce a similar increase, no inference from that period
is drawn in this report, in relation to the revenue of the ensuing years.
The statement (B) shows the several species of merchandise on which
the duties on importations were collected, during the year 1802, the portion
of that revenue which was derived from drawbacks, and that which arose
from the extra duty on merchandise imported in foreign vessels.
Although the sales of the public lands, during the year ending on the
30th day of September last, were jiffected by the situation of the western
country, two hundred thousand acres have been sold during that period; and
as it appears by the statement (C,) that, independent of future sales, the sums
already paid to the receivers, together with those which, exclusively of interest, fall due during the three ensuing years, amount to 1,250,000 dollars,
the annual revenue arising from the proceeds of those sales cannot be estimated at less than four hundred thousand dollars.
The extension of post roads, and the acceleration of the mail, whilst diffusing and increasing the benefits of the institution, have, as an o b j e c t ot
revenue rendered it less productive. The receipts from that source have
amounted, during last year, to 27,000 dollars; but, as neither these, nor



1803. J

SECRETARY OF THE TREASURY.

263

those arising from some other smaller incidental branches, are of sufficient
importance to affect any general result, the whole existing revenue of the
United Suites will be computed at only ten million four hundred thousand
dollars.
The permanent annual expenses of Government, which, under existing
laws, must be defrayed out of that revenue, amount to nine million eight
hundred thousand dollars, to wit:
1st. The annual appropriation of 7,300,000 dollars, for the payment of the principal and interest of the debt; of which about
three millions and a half are at present applicable to the discharge of the priucipal,and the residue to the payment of interest
- $7,300,000
2d. The current expenses of Government, which, according to the estimates for the year 1804, consist
of the following items, viz:
For the civil department, and all domestic expenses
of a civil nature
$791,000
For expenses attending the intercourse with foreign
nations, including the permanent appropriation
for Algiers, and all other expeuses relative to the
Barbary powers
184,000
For the military and Indian d^partm^nt - S75,000
For the naval establishment, calculated on the supposition that two frigates and four smaller vessels shall be kept in commission
- 650,000
2,500,000
And deducted from the permanent revenue of
Leave a surplus revenue of six hundred thousand dollars
applicable to other objects -

9.800,CC0
10,400,010
$600,000

The following extraordinary resources and demands, not being of a permanent nature, are not included in that calculation, to wit:
The spec ie in the Treasury, which, on the 30th day of September last, amounted to
- $5,S60,(!00
The arrears of the direct tax, estimated at
.
.
.
250,000
The outstanding internal duties, amounting to near 400,004)
And the sum which will be repaid to the United States, on account of advances heretofore made in England for the prosecution of claims, estimated at
.
.
.
.
150,000
$6,660,030
Constituting an aggregate of more than six million six hundred
thousand dollars; which, after reserving the sum which it is
necessary to keep in the Treasury, will be sufficient to discharge the demands due on account of the convention with
Great Britain, and amounting to
- $2,664,000
Sundry extraordinary expenses in relation to the conventions
with France and Great Britain, estimated at
100,000



264

[1S03.

REPORTS OF THE

T h e loan obtained from the State of Maryland for the city of
Washington, amounting to $200,000
And also to pay two millions of dollars
.
.
.
2,000,000
on account of the purchase of Louisiana; being the same sum
which was reserved for the purposes contemplated by the law $4,964,000
of the last session, appropriating that amount for the extraordi-nary expenses attending the intercourse with foreign nat ons.
It appears by the estimate D, that during the year ending on the
30th September last, the payments from the Treasury, on account of the public debt, have amounted to
- §3,0%,700
Which, together with the increase of specie in the Treasury,
during the same period, amounting to
- 1,320,000
Makes an actual difference, in favor of the United States,of more
than four million four hundred thousand dollars during
that year -

4,416,700

The payments on account of the principal of the public debt,
from the 1st day of April, 1801, to the 30th day of September,
1803, have amounted, as appears by the estimate (E) to
- $9,924,004
The specie in the Treasury, on the 1st day of April,
1801, amounted to " - '
81,794,000
And on the 30th day of September, 1803. to 5,860,000
Making an increase of

4.066,000

Those two items constitute an aggregate of - 13,990,004
From which, deducting the extraordinary resource arising from
the sales of the bank shares, which produced
- 1.287,606
Leaves for the amount of the true difference -

-

§12,702,404

in favor of the United States, for that period of two years and a half, a
sum of twelve million seven hundred thousand dollars.
From that view of the present situation of the financial concerns of the
United States, it seems that the only question which requires consideration
is, whether any additional revenues are wanted in order to provide for the
new debt, which, if Congress shall pass the laws necessary to carry the
treaty with France into effect, will result from the purchase of Louisiana.
The sum which the United States may have to pay by virtue of that treaty, amounts to fifteen millions of dollars, and consists" of two items: 1st,
11,250,000 dollars payable to the Government of France, or to its assignees,
in a stock bearing an interest of six per cent., payable in Europe, and the
principal of which will be discharged at the Treasury of the United St«»<s,
in four instalments, the first of which shall commence in the year lbl«;
3dly, a sum which cannot exceed, but may fall short of, 3,750,000 dollars,
payable m specie at the Treasury of the United States, during the course
of the ensuing year, to American citizens havinn- claims of a certain description on the Government of France.
It has already been stated that two millions of dollars may be paid from
the specie now in the Treasury, on account of the last item; and the wf o!e
amount of the new debt which may eventually be created, cannot, there ore
exceed FRASER
Digitized for thirteen millions of dollars; the annual interest of which is equal to


1803. J

SECRETARY OF THE TREASURY.

265

780.000 dollars; but, on account of commissions and variations of exchange,
will be estimated at eight hundred thousand dollars.
The existing surplus revenue of the United States will, as has been stated,
be sufficient to discharge six hundred thousand dollars of that sum; and it is
expected that the nett revenue collected at New Orleans will be equal to the
remaining two hundred thousand dollars. That opinion rests on the supposition that Congress shall place that port on the same footing as those of the
United States, so that the same duties shall be collected there, on the importation of foreign merchandise, as arc now, by law, levied in the United
States; and that no duties shall be collected, either on the exportation of
produce or merchandise, from New Orleans to any other place; nor on any
articles imported in the United States from the ceded territories, or into those
territories from the United States.
The statements F, O, H, exhibit the annual exports and imports of the
United States, to and from Florida and Louisiana, for the years 1799 to
1802; and the statement ( G ) particularly shows that the exportation
from the Atlantic States to those colonies, of articles not of the growth,
produce, or manufacture of the United States, amounted for the three years,
1799, 1800, and 1801, to 6,622,189 dollars, making an average of more than
two million two hundred thousand dollars of foreign articles liable to pay
duty, annually imported into Florida and Louisiana from the United States
alone.
It is ascertained that the exportation from the United States to Florida
are so trifling, that that statement may be considered as applying solely to
New Orleans; and it is also known that almost the whole of those importations were consumed within that colony; and that, during the war. the supplies from the United States constituted by far the greater part of its lmports.
From thence it results, that the annual importations into the ceded territory, of articles destined for the consumption of its own inhabitants, and
Which will, under the revenue laws of the United States, be liable to pay
duty, may safely be estimated at two million five hundred thousand dollars;
an amount which, at the present rate of duties, will yield a revenue of about
350.000 dollars.
„ , r „ .
From that revenue must be deducted 150,000 dollars, for the following
items, viz:
^^
_. ,,
1st. The amount of duties on a quantity of sugar and indigo, equal to that
which shall be imported from New Orleans to the United States, as those articles, beinc imported free from duty, will diminish by so much the revenue
now collected in the seaports of the United States. The whole amount of
sugar exported from New Orleans is less than 4,000,000 of pounds, and
that of indi-o is stated at about 30,000 pounds. Supposing (which, on account of that exemption, is not improbable) that the whole of those articles
should hereafter he exported to the United States, the loss to the revenue
will be about 100,000 dollars.
2d. No increase of expense in the military establishment of the United
States is contemplated on account of the acquisition of territory; but the
expenses of the civil administration of the province, and those incident to the
intercourse with the Indians, are estimated at 50,000 dollars ^leaving for the
nett revenue derived from the province, and applicable to the payment of the
interest of the new debt, 200,000 dollars, as above stated. The only provisions which, if that view of the subject be correct, appear necessary, and are

respectfully submitted, are:


266

REPORTS OF THE

[1803.

1st. In relation to the stock of 11,250,000 dollars, to be created in favor of
the Government of France, or of its assignees.
That that debt be made a charge on the sinking fund, directing the commissioners of the fund to apply so much of its proceeds as may be necessary
for the payment of interest and reimbursement or redemption of the principal, in the same manner as, by the existing laws, they are directed to do
in relation to the payment of interest and discharge of the principal of the
debt now charged on that fund.
That so much of the duties on merchandise and tonnage as will be equal
to seven hundred thousand dollars, being the sum wanted to pay the interest of that new stock, be added to the annual permanent appropriation for
the sinking fund, making, together with the existing appropriation, eight
millions of dollars, annually applicable to the payment of the interest and
principal of the public debt.
And that the said annual sum of eight millions of dollars remain thus
pledged, and be vested in the commissioners of the sinking fund, in trust for
the said payments, until the whole of the existing debt of the United States
and of the new stock shall have been reimbursed or redeemed.
As a sura equal to the interest accruing on the new stock will thus be
added to the sinking fund, the operation of that fund, as it relates to the extinguishment of the existing debt, will remain precisely on the same footing
as lias been heretofore provided by Congress. The new debt will neither
impede nor retard the payment of the principal of the old debt; and the fund
will be sufficient, besides paying the interest on both, to discharge the principal of the old debt before the year 1818, and that of the new within one
year and a half after that year.
2d. In relation to the Americau claims, the payment of which is assumed
by the convention with France.
That a sum not exceeding 3,750,000 dollars, inclusive of the two millions
appropriated by a law of the last session of Congress, for defraying the extraordinary expenses incident to the intercourse with foreign nations, be appropriated for the payment of those claims, to be paid out of any moneys in
the Treasury not otherwise appropriated.
That, for the purpose of effecting the whole of that payment, the President
of the United States be authorized to borrow a sum not exceeding 1,750,000
dollars, at an interest not exceeding six per cent, a year.
And that so much of the proceeds of the duties on merchandise and tonnage as may be necessary, be appropriated for the payment of the interest,
and for the reimbursement of the principal of the loan, \i hich may eventually
be effected by virtue of the preceding provision.
It is not proposed to charge that loan on the sinking fund, because its
amount, in case it shall be effected, cannot at present be ascertained; and because it may, perhaps, under the then existing circumstances of the Treasury,
be found more expedient not to borrow the money, and, in lieu of it, to pay
out of the sinking fund the whole, or a part, of the two last instalments payable by virtue of the convention with Great Britain, as authorized by the act
making provision for the payment of the whole of the public debt.
It is evident that the possibility of thus providing for the payment of the
interest of a new debt of thirteen millions of dollars, without either recurring to new taxes, or interfering with the provisions heretofore made for the
payment of the existing debt, depends on the correctness of the estimate of
the public revenue which has been submitted. Although it is not without



1803.

J

SECRETARY OF THE TREASURY.

267

diffidence thai the hope of such a favorable result is entertained, some reliance is placed on the sftliditv of the basis on which the estimate is grounded.
It rests principally on the expectation that the revenue of the ensuing year
shall not be less than that which accrued during the year 1802. No part
of it depends on the probable increase which may result from the neutrality of the United States during the continuance of the war in Europe, nor
even on the progressive augmentation, which, from past experience, may
naturally be expected to arise from the gradual increase of population and
wealth. Nor has that effect been taken in consideration, which the uninterrupted free navigation of the Mississippi, and the acquisition of New
Orleans, may have, either on the sales of the public lands, or on the general resources of the inhabitants of the western States.
All which is respectfully submitted.
ALBERT

GALLATIN,

Secretary of the Treasury.
TREASURY

DEPARTMENT,

October 25, 1803.




rc
§

o f ^ I ^ V o ^ J ^ J t ^ Z d ^
tion, d j „ g e o M ' 0 J Z'gZrsTm'Wo!,'

d

"o'r

Duties on

$1<;,0!>3 ( 779 77
2 0 , 5 9 4 , 3 3 1 18
1 4 , 7 4 1 , 5 6 6 95

Tonnage.

8 1 4 3 , 5 2 3 71
188,117 79
100,421 70

l

M

' " "
^

Debentures
issued.

Years.
Merchandise.

W

<»<">«•>,""d
tonnage; of denture,
aU
°»an™ ' «>"'M

Bounties and
allowances.

Gross revenue.

Expenses on
collection.

issued
"felloe-

Netl revenue.

P u r p o r t s and
clearances.
8 1 4 , 8 0 4 00
1H,23H 00
13,862 00

$ 5 , 2 4 9 , 2 8 2 00
7 , 8 1 9 , 0 9 3 00
4.197.-J56 00

810,806,616 82

8106,178 G>
4
103,107 30
133,978 07

14,878,516 97
e 10,584,619 58

$ 4 4 0 , 3 7 3 03
182,772 70
184,018 06

8 1 0 , 3 6 6 , 2 7 3 20
18,395,744 27
10,100,601 52

50
W

o
-3

•
7
UCUUCWIIL' ur
! 1800 at the present rates of duty, would have keen
»8?
1 en per cent, extra duty .
T o n n a g e and passport*
Gross revenue
Deduct expenses ou collection
Nett revenue at present rate of duties




753 03 I
206,975 61
11,097,728 64
158,327 71

4

03

W .

duly r

w

U,.

8256,621 72

,801, „ „

c. Grow revenue for the year 1802
Deduct interest and storage
Gross revenue, per statement B

-

10,581.619 58
13,556 95

-

10,571,062 63

o
n
a

11,256,056 35
440,373 62
10,815,683 73

I

1803.

J

SECRETARY OF THE TREASURY.

269

S T A T E M E N T A—Continued.
A 'STATEMENT
of the amount of American and foreign tonnage
respectively employed, in foreign trade, for each of the years 18(H),
1S01, and 1802, as taken from the records of the Treasury.

Years.

American tonnage in foreign
trade.

682,871
849,302
787,301

TREASURY

Tons.

Tons.

Tons.

1800
1801
1802

Proportion of foreign tonnage to
Foreign tonnage. Total amount of tonthe whole am't
nage employed in
of tonnage emthe foreign trade of
, ployed in the
the United Sta&s.
foreign trade of
the Un'd States.

123,882
158.365
143.366

806,753
1,007,667
930,667

15.4 to 100
15.7 to 100
15.4 to 100

DEPARTMENT,

Raster's

Office, October 24, 1803.




JOSEPH

NOURSE,

Register.

270

REPORTS OF THE

[1803.

B.

A STATEMENT
exhibiting the value and quantities, respectively,
of merchandise, on which duties actually accrued, during the year
1802, (consisting of the difference between articles paying duty, im
ported, and those entitled to drawback, re-exported,) and, also, of the
nett revenue which accrued during that year from dutits on merchandise, tonnage, passports, a/icf clearances.
Goods paying duties ad valorem, viz:
§23,377,717 at 12$ percent.
7,888,614
15
do.
439,830
20
do.
31,706,161
a Spirits, 7,720,232 galls, at
6 Sugar, 39,443,814 lbs.
Salt,
3,244,309 bush.
c Wines, 1,912,274 galls.
d Teas, 2,406,938 lbs.
Coffee, 6,724.220 lbs.
Molasses, 6,317,969 galls.
e All other articles

$2,922,214 62
1,183,292 10
87,966 00

4,193,472 72
29.2 cts. av. 2,263,496 17
2.\
do.
975,755 61
20
648,861 80
33.9 a v.
683,816 72
15.9 a v.
382,699 00
5
336,211 00
5
315,898 45
- 286,533 00

Deduct amount of duties refunded

10,076,744 47
13,331 99

/ Three and a half per cent, retained on drawbacks
Extra duty of 10 per cent, on merchandise imported in
foreign vessels
Nett amount of duties on merchandise
Duties on tonnage Duties on passports and clearances -

-

Gross revenue, per statement A
g Sundry accounts, not yet received, estimated
Deduct expenses of collection




Nett revenue

* -

10,063,412 4S
153,275 45
180,088 «!0
10.396,775 93
160.424 70
13^862 (O
J
10.571,062 63
' 30,000 00
10,601,062 63
484,018 06
10,117,044 57

1803.

J

SECRETARY OF THE TREASURY.
Explanatory

Statements and

271

\otes.

(a) Spirits, viz.
648,624 galls, at 28 cts
From grain, 1st proof 29
108.909
2d do.
5.670
3d do.
31
57,914
4th do.
34
1.389
5th do.
40
5,696
6th do.
50
Other materials, 1st & 2d p'f. 1,26S,436
25
2S
3d proof - 3,070,480
2,957,373
32
4th do.
52,199
38
5th do.
1,19S
46
6th do. -

$181,614
31,583
1,757
19,690
555
2,848
317.109
859,734
946,359
19.835
551

72
61
70
76
60
00
00
40
36
62
08

Imported
Exported

- 8,177,888
457,656

duties
do.

2,381,639 85
128,143 68

Consumed

- 7,720,232

do.

2,253,496 17

(b) Sugar, brown
- 41,511,762 lbs. at 2^ cts. $1,037,794 05
62,038 44
Deduct excess of white exported 2,067,948
3
39,443,814
(c) Wines, viz.
Madeira, 1st quality
Madeira, 2d quality
Sherry and St. Lucar Oporto and Lisbon
Burgundy & Champagne
Teneriffe } Fayal,and Malaga Other in bottles Other in casks -

172,273 at
64,271
639,960
275,234
3,952

5S cts.
50
40
30
45

$99,918
32.135
255,984
82,570
1,778

624,856
51,443
80,285

28
35
23

174,959 68
18,005 05
18,465 55

34
50
00
20
40

- 1,912,274

(d) Teas, viz.
Bohea
Souchong
. Hyson
Other green
lbs.

duties

$6S3,816 72

- 1,413,268 at
- 138,860
- 142,917
- 711,893

Gallons




$975,755 61

12 cts.
18
32
20

8169,592
24,994
45,733
142,378

- 2,406,938

duties

-

16
80
44
60

$382,699 00

Explanatory

Statements and Notes—Continued.
Quantities.

(0

Beer, ale, porter, &c.
Cocoa
Chocolate Candles, tallow
wax
Cheese
Soap
P'pper
Pimento
Tobacco
Snuff
Loaf sugar Indigo

< ion
U

Nails and spikes
Lead
Steel
Hemp
Cables and tarred cordage
UnmrTed cordate T w i n e and packthread
Glauber salts
Coal
Boots
Shoes, silk all other
Wool cards
Playing do.




All other articles.

Excess of im- Excess of exportation over portation over
exportation.
importation.
#18-2,573
145,839
5,301

_

1,55-2
90,199

cents
$32,534
-

1*24,309
4)1,585
•211,871
•203.K68
3,-149
10,009
144,638
3 , 3 9 9 , <>36
1,259,397
11,326
89,720
8,779
1,046
1,586
863
445,417
4,356
8,685
136,717
965
-

Rate of duty.

m
-

m

11,191

8
9
3
9
6
7
9
0
4
10
•22
9
25
3
9
1
100
100
ISO
$25
400
•200
5
75
25
15
50
•25

Excess of
duties over
drawbacks.

Excess of
drawbacks
over duties.

$14,006
•2,!»lti
159
$651
2,486

5d
W
O

17,132

O
"1

93
6,314
19,095
H.475
20.3H6
759
901
4,339
67,h53
19,524
11,396
89,720
15,790
9,354
6,314
1,796
99,271
3,269
9,921
18,008
133

H

-

2,780

£5309,5H2 —

893,049•

8280,633

I

/

3f per cent, w a s retained during the first six month* o f the year, } per cent, of which was in lieu of stamp duties, and ceased
wit h the internal taxes, but is blended in the statement with the duties collected.
g T h e 'wo following collectors' accounts, ( w h o are out of office,) have not been received, v i z :
Marblehead, from the 1st April to 11th September,
i
, , ,
Wilmington, North Carolina, from the 1st January to the 31st March, J e < U m a , e t l a t
And the accounu for Natch**, f r w i n the 1st July to 31st Decembjr, not included
•
Deduct the following accounts for 18Ut. included in statement, viz:
Penobscot, from 1st October to 23<t D u m b e r Marblehead, from 1st July to 31st D e c e u u * r
.
.

.
.

.
.

.

.
.

.
.

.

.

.

.

CO

TREASURY

SS
KJ

DEPARTMENT,

Register's Office, October 24,1803.




JOSEPH NOUKSE,

Register.

o

-3
w
M

>

to
Q
to

c.
STA
1802, |
receivers,
RECEIPTS BV RECEIVERS
TROM INDIVIDUALS.

LANDS SOLD.
DISTRICTS.
Quantity.

Marietta, (Vom
1st Oct. 1802,
to July 1,1803
Bteubenville
OhiUicothe
Cincinnati

In the hand>
of receivers
Purchase October 1,
1S03.
money.

Acres, htks. Dolls,
9,836
79,131
34,36*
83,764

37 5 , 6 5 3
55 158,343
47 68,736
35 165,528

as Dolls.

Due by individuals
October 1, On acc"tof On acc'i I
purchase. ofsurv'g a 5
1803.
fees.
a u
<<2.

Cts. DoUs.

9,796
74
107 87
10 83,237 86 380,120
91 49,983 07* 272,672
501 65,736 55 377,639

s
Si

Cts. Dolls.

Cts. Dols.Cts

43
1,986 06
32{
25 131,519 73 76*
,
19,901 41
09
1,005
81 73,529

Pel,

PAYMENTS BT RECEIVERS.
Into the
Trouuiy.

BAI.ANCE DUE OCTOBER 1,
1H03.

Co«'»ni.v By individ»fons and
uals.
expenses.

Total balance
due October
1, 1803.
By receivers.

g
©
Cts. Dolls. Cts. Dolls.

Dolls.

107
V> 47
00 7o 56,611
16,831
00
62 105 103,194

1 08
20
16 1.4G0 954
87* 870 07
51 1,100 63

13,463
416,843
391, H I
370,638

Cts.

Dolls.

Cts. Dolls.

001 2,074 65
62 110,393 894
63 8I.H83 54
93 36,081 384

15,537
557,236
373.32H
406,720

as.
654
514
16
324

3 , 4 3 3 73J 1,092,390 17» 360,432 47 1,352,822 654
199,080 Gi 398,161 2K 198,355 35* 910,938 4 7 | •J4J.999 5* 9 , 1 5 0 62 w L 175,774 77*

Paid into the T r e a m r y , in stock, t . a v e r t e d lo t he comnuvMoners o f t h e sinking fund
p«i.l inin IK« Tirtititn- >n <necie k>30th Jone, 1803, by warrants un the receivers
-

Amoont per quarter-yearly «»at«nu nt of receipts and «penditure»
PaymentUy r e c n v e i * o be covered by warrants
:
Deduct




me—y* P*»d

-

£8,134 63

8126,874 37

-

to the Treasurer of the United States t o t yet Mated in the accounts of receiver"

.
-

t47,<>£l 31
3 0 , 5 6 8 63 i
185,735 5 7 |
9,960 80
175,774 774

CJ
Z
O
H

S
PI

S T A T E M E N T C— Continued.
ESTIMATE

showing when the instalments which compose the balance due by individuals
Remaining due
for 1803.

DurrmcTO-

Becoming due
in 1801.

Becoming due
in 1805.

will become payable.

Bcroming due
in 180/.

Becoming due
in 1H06.

Total.

C
O
Marietta
Steubenville
Chillicothe
Cincinnati

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

S I , 6 8 1 Oli
~;5,1H7~48
2 3 , 3 1 9 86

84,162
138,15H
107,035
125,019

94
40
01
98

M.'KH
n;i .1*7 •;:>
124,821 65
146,831 891

82,244
89,968
30,021
60,288

8773
27,538
14,375
15,149

26
75
98
10

134
82
50
094

001
f.2
68
93

a
o

pa
H

40,218 35|

374,376 33

437,445 85

182,513 09

57,836 55

Total sales of land, from the opening of the land offices, to 30th September,
F r o m the opening of the land offices to 1st of November, 1801
F r o m 1st ol" November, 1801, to 1st of November, 1802 Amount as above stated
.
.
.
.
.
Deduct sales in October, 1802, included in statement for 1802

199,080
18,012

64
21

Total acres

1 , 0 9 2 , 3 9 0 17|

W
so
Kj
O
•TJ

1803.

ss

Acres. Ad/As.
.198,646 45
340,009 77

S
H

pa
181,068

TREASURY

813,463
416,843
291,444
370,638

43

919,724

66

DEPARTMENT,




Register's

Office, October 22, 1803.
JOSEPH

NOURSE,

Register.

I

REPORTS OF THE

876

[1803.

D.
AN ESTIMATE
of the principal redeemed of the debt of the United
States, from 1st of October, 1802, to 30/A September, 1803.
ON ACCOUNT OF T H E DOMESTIC D E B T .

The amount of warrants issued on the Treasurer of the United States during that
f period, according to the quarter-yearly
statement of receipts and expenditures,
exclusive of $2,047 T y, repaid into the
Treasury, was - 84,006,352 35
Deduct interest, which accrued during the
same period, calculated quarter-yearly - 3.399,555 33
Leaves the amount of principal discharged
Payments were made into the Treasury, in certificates of
the debt of the United States, for lands purchased
Payments were made to foreign officers, and of certain parts
of the domestic debt
-

1.206,797 02
5,343 17
32,868 22

ON ACCOUNT OF T H E FOREIGN D E B T .

The amount of warrants issued on the Treasurer, exclusive of $ 1 0 8 , 3 1 9 ^ repaid
into the Treasury, including §5,502, received for damages on bills protested, was §2,278,977 16
Deduct interest one year
$400,100 00
Commissions, at 1 per cent. 4,001 00
And the difference between 41
cents per guilder, and 40. the
par. on 2,868,588 7 6
- 28,6S5 88
Deduct damages received

-

432,786 88
5,502 00
427,284 88
1,851,692 28

Amounting to
TREASURY

-

.

.

.

$3,096,700^

DEPARTMENT,

Register's Office, October 22, 1803.
JOSEPH NOURSE, Register.




1803. J

SECRETARY OF THE TREASURY.

277

*

IN ESTIMATE
of the principal redeemed of the debt of the United
States, from (he 1st April, 1801, to the 30th September, 1803.
ON ACCOUNT OF T H E DOMESTIC D E B T .

The payments from the Treasury of the United States were as follows:
From 1st April, 1801, to the 31st December following
- $3,613,378 65
From 1st January, 1802, to 31st December following
4,618,021 39
From 1st January, 1803, to 30th September following
3,033,828 /6
11,265,228 80
Deduct interest which accrued during
the above periods, viz:
From 1st April, 1801, to 3lst December
following
- $2,633,636 70
From 1st January, 1802,
to 31st December following
- 3,451,696 97
From 1st January, 1S03,
to 30th September following
- 2,538,378 91
Total interest which accrued, calculated
on the real amount of principal, at the
several rates of interest
Paid on account of principal
Whereof:
From 1st April, 1801, to 31st December
following
From 1st January, 1802, to 31st Decernber following '
From 1st January, 1803, to 30th Septembcr following
'
As above,

-

JQ
$2,641,516 22
n_
979,741 9D

1,166,324 42
49j

>°49

80

$2,641,516_g

Payments made in certificates of the debt of the United
States, on account of lands purchased:
From 1st April, 1801, to 31st December
_Q
following
$23,816 58
From 1st January, 1802, to 31st Decernlj
ber following *
>; 5 1 8 4 y
From 1st January, 1803, to 30th September following



^

27S

REPORTS OF THE

Payments to foreign officers, and for certain parts of
domestic debt:
From 1st April, 1801, to 31st December
following
.
.
.
.
S18,285
From 1st January, 1802, to 31st December following
' 22,961
From 1st January, 1803, to 30th September following
19,026
Payments on account of domestic loans:
From 1st April, 1801, to 31st December
following
.
.
.
.
From 1st January, 1802, to 31st December following
.
.
.

the
66
76
21

700,000
1,290,000

Payments on account of the Dutch debt:
From 1st April, 1801, to 31st December
following
.
.
.
.
1,306,726 59
From 1st January, 1802, to 31st December following
.
.
.
3,240,399 25
From 1st January, 1803, to 30th September following
.
1,819,386 73
Interest and commissions, viz.:
From 1st April, 1801, to 31st December
following,
Guilders 616,352 10 $246,541
From 1st January, 1802, to
31st December following,
1,156,827 10
462,731
From 1st January, 1803, to
30th September following,
917,080 = 366,832
1,076,104
To which add, the difference
between 41 cts. per guilder,
and 40, the par, on
6,689,779 3 14 66,897 79
Deduct therefrom
the difference
between 39 and
40 cents per
guilder, on
890,364— 8.903 64
57,994 15

$6,366,512 57

. J J ,
1,134,098 15
Damages received, deduct
11,910 78
Leaves the total to be deducted for interest and commissions .
.



1,122,187 37
$5,244,325 20

279

SECRETARY OF THE TREASURY.

1803. J

Deduct also certain bills of exchange returned under protcstfor non-payment, and in a
way of recovery, but which not being applied. is deducted, Guilders MO,000. cost

$56,000 00
5,188,325 20

Amounting to
TREASURY

$9,924,004 71
DEPARTMENT,

Register's Office. October 22, 1803.
JOSEPH NOURSE, Register.
Note to Statement E.
From the amount of debt redeemed from
the 1st April, 1801, to the 30th September
1803. amounting as per this statement to
Deducting the amount redeemed from 1st
October, 1802, to 30th September 1803,
amounting, as per statement D, to
-

-

-

$9,924.004 71

-

o n o r r n n aq
d,ujo,/uu ov

Leaves the amount redeemed, from 1st April,
1S01, to 30th September, 1802
The Secretary of the Treasury, in his report
of the 16th December, 1802, states the
amount redeemed during the same period, exclusively of 1,287,600 dollars bank
debt, discharged out of the proceeds of
bank shares, at * ,
-$5,339,886 44
To which, adding the amount of bank debt
thus discharged

-

-

-

1,287,600 0 0

Makes an aggregate of

-

-

Making a difference between this statement
and that of the Secretary
Arising as follows, viz:
L The Secretary, in his report of December 18th, 1S01, did not include the
following items of debt, discharged between the 1st April, and 30th September, 1801, to wit:
1. Payments to foreign officers, and on account of certain parts of the domestic
debt '
, 1
2. Payment on account of the principal ol
the domestic debt, by the reimbursement of 3 per cent, on the nominal
amount of the six per cent, and deferred
stocks



6,S27,304 02

6,627,486 44
lMfi1.
_199,817^58

17,752 23

142

>271

28

280

REPORTS OF THE

Which payment was exclusively of that to
the trustees of the sinking fund, of
§129,048 83, stated by the Secretary in
his report.
3. Payment on account of the foreign debt,
arising from his having estimated the
interest accruing during these six
months, at one-half of that for the calendar year, viz:
- 8245 9S0 50
Whilst the real interest accruing during said six months
was

-

-

-

209,272 00
$36,708 50

II. The Secretary, in his report of 16th December, 1802, 1st, estimates the interest accrued on the domestic debt, from
1st October, 1801, to 30th September,
1802, at
3,470,259 75
By the Register's calculation, it amounted to 3.464,706 29
2. He estimated the deduction on account
of rate of exchange and bills in suit, at
less than it really was
III. The Register hasinserted in the amount
of this estimate for a debt due to the
United States, paid in stock -




5,553 46
2,619 22

1803.]

SECRETARY

OF

THE

281

TREASURY.

F.

IMPORTS

from Floridas and Louisiana for the years ending on the
30/A of September, 1799, 1S00, 1801, and 1802.
im

Species of merchandise.

1800.

26,631
Valueof goods,ad. val. dolls 60,729
8,306
Do.
wines do.
Madeira,Sherry,Ax. galls.
6,748
2,527
All other wines do.
240
Spirits from grain
do.
29,743
Do. other materials do.
~ 34
Do. domestic produce do.
42,579
8,778
Molasses do.
Beer, ale, and porter do.
Teas
pounds.
6
12,011
Coffee
do.
4
Chocolate do.
Sugar, brown
do. 751,512 1,560^849
22,030
16
Do. white clayed
do.
l)o. lump
do.
Do. candy and loaf do.
Candles, tallow do.
Do.
wax
do.
Cheese
do.
Soap
do.
Pepper
do.
262
Pimento do.
752
181
Tobacco (say scgars) do.
4,504
Snuff
do.
136,257
65,016
Indigo
do.
Cotton
do. 842,200 ; 1,615,265
Nails
do.
135
Lead
do.
Cordage, tarred - cwt.
53
25
Do.
nn tarred
do.
Twine and packthread do.
Salts, Glauber
do.
Salt
.
pounds.
5,370
4,232
Do.
.
bushels.
Coal
do.
1
Boots
.
- pairs.
Shoes
do.
Cards, wool and cotton, doz. j
Do. playing
- packs.
Total value, dollars
TREASURY

-

507,132

904,322

1801.

1802.

43,262

76,268

1,463
1,971
122
9,615

1,753
5.360
1,099
9,044

448
1,013
6.561
30,622
150
957,169
7,623
2.231
596
897

35,051
611
1,137
100,934
1,170
1,567,117
9,134
474
208
614
5
65
10,862
1,454
2.193
1.878
21
60,062
1.921.528
2,330
208.427

2^828
82
f,243
5
47.740
2,288,945
242^928

1
176,286
4,421
548
7
18

143,687
2,733
306
1
148
78
595

956,635

1,006,214

DEPARTMENT,

Registers
*




Office, October 24, 1803.
U
'
J O S E P H NOURSE,

Register.

VALUE

ofthe exports of foreign and domestic produce to Floridas and Louisiana from the Atlantic State3,for
years ending on the 30th of September, 1799, 1800, 1801, and 1802.

Domestic.

Foreign.

Massachusetts New Vork
Pennsylvania Delaware
Maryland
Virginia
North Carolina
South Carolina
Georgia

Domestic.

Foreign.

$74,630
2,188,038
221,635
6,240
216,165
96,961

§5,767
357,101
25,933
6,502
10,928

$19,482 $13,992
928,085 125,662
49,096
404.806
4,561
29,065
15,657
193,258
4,067
61,903
2,174
14,235
158^528
11,218




1,813
31,253
8,527

3,056,268

TREASURY DEPARTMENT,

244^449
8,150

447,824

1,795,127

Registries Office, October

24,

1803.

180-2

1801.

1800.

17J9

240,662

Domestic.

Foreign.

the

$215,686 $38,990
33,132
649,477
33.335
496,064
1,546
9,001
6,947
224,389
~176
176,001

1,207
23,047

1,770,794

137,204

JOSEPH

Foreign.

Domestic.

$222,768
449,519
200,178
5,006
93,998

$17,819
50,267
19,546
1,772
12,317
1,711

68,338
14,793

14,124
22,554

1,034,600

170,110

KOURSE,

Register.

1803]

283

SECRETARY OF THE TREASURY.
H.

EXPORTS

to Florida* and Louisiana, for the years ending on the
30//i September, 1799, 1800. 1801, and 1802.

Specie* of merchandise.

Ashes, pot
Appl-s
Beer, porter, and cider
Dodo.
do. •
Beef Biscuit, or ship bread
Biscuit
Barley
Bran and shorts
Beans
Butter
Boots
Bricks
Corn, Indian
Cheese
Coffee
Chocolatc
Cotton
Candles, wax
Do.
spermaceti
Do.
tallow
Cables and cordagc
Cards, wool and cotton
Do. playing
Copper and brass, manufactured
Coaches and other carriages
Flour
Fish, dried •
Do pickled
Do.
do. Furniture, household
Flaxseed
Flax Gunpowder Hats Hams and bacon
Hair powder Hemp
Horned cattle
Horses
Hogs
Iron, pis
Do. tar
Do. casting*
Do manufactured
Lard
Leather
Lead
Meal, Indian
Mustard
Medicinal drugs
Merchandise
Oil, linseed Do. spermaceti
Do. whale, &c
Oats .
Peas Pork Pitch -




1801.

20
tons
2,301
3,240
2,881
barrels
7,924
7,115
23,912
gallons
1,019
320
2,429
dozens
59
726
956
barrels
12
240
80
do.
175
2,305
kegs
21
bushels
5
10
do.
120
10
do.
~334
26,766
28,998
pounds
60,056
43
716
pairs
288
24,000
22,439
number
2,235
9,961
bushels
2^690
43,678
27,343
pounds
51,153
85,737
70,491
do.
2,652
5,318
300
do.
400
1,836,144
do.
14,9%
do.
4~500
3,394
do.
1,782
9,605
50,024
do.
94,970
38,836
1,316
cwt.
1,212
76
dozens
28
528
packs
dollnrs
57267
4^300
1,238
do.
1,276
6,908
76,853
barrels
4,356
10,703
335
quintals
943
1,315
28
Darrels
150
580
578
kegs
94
998
4,835
dollars
5,893
10,714
bushels
pounds
do.
358
dollars
1,778
9,484
16,460
pounds
89,641
27,232
44,082
do.
520
2,560
9.906
cwt.
366
number
do.
do.
tons
20
do.
4
10
158
dollars
2,650
2,477
973
do.
26,429
43,551
40,205
pounds
17,690
37,744
89,199
do.
2,100
3,197
4,024
do.
67,930
824
bushels
524
"578
75
pounds
56
dollars
4,904
do. 2,614,045 1,525,024 1,681,592
gallons
520
15
do.
960
do.
638
876
3,810
bushels
do.
6
189
227
barrels
1,238
819
492
do.
12

[1803.

REPORTS OF THE

284

STATEMENT II—Continued.

Potatoes
.
.
.
.
Rice Rosin
.
.
.
.
Spices, pepper
.
.
.
Do. ' pimento
.
.
.
Do.
all other
.
.
.
Spirits, foreign
.
.
.
Do. domestic from foreign
Do.
do.
from domestic
Shoes and slippers Skins and furs, value
Saddlery
Starch
.
.
.
Soap
.
.
.
.
Sugar, brown and other clayed
Do. refined
.
.
.
Salt, Snuff Tobacco, manufactu red
Do.
unmanufactured •
Tallow
.
.
.
.
Tar Turpentine Do.
spirits ol Tea, Bohea Do. Souchong, &c. Do. Hvson Do. other green
.
.
.
Wax
W i n e s , Madeira
.
.
.
Do.
all other
.
.
.
Do.
bottled
Wood, staves and headings Do.
shingles
.
.
.
Do.
hoops and poles
»
Do.
boards, plank, &c. Do.
all manufactures of -

bushels
tierces
barrels
pounds
do.
dollars
gallons
do.
do.
pairs
dollars
do.
pounds
do.
do.
do.
bushels
pounds
do.
hogsheads
pounds
barrels
do.
- gallons
pounds
do.
do.
do.
do.
gallons
da
dozens
- number
,j0>
do.
feet
dollars

Total value, dollars

TREASURY

1800.

i m

Species of merchandise.

2,805
1,499
20
29,132
70
1,200
78,140
3.i2
321
2,229
loO
115
5,520
111 ,684
4,996
1,993
42,287
56
351
68
1,050
2,100
3,850
1,478
75
16,627
7 , 2 9 f.
3l3,fil5
7,831
121,850
14,000
83,600
432,805
4,938

1801.

909
301

406
231

4~5I1
26
11,588
43,294
5,209
2,231
3,394

23,489

715
217,530
3,996
350
9,752
19
500
50
2,231
553
8,664
737
2,911
919
216,975
5,559
99,359

6

18~631
6,099
3,547
20,635
3, K',2
3,429
71,493
11,833
300
1,825
7l"[892
1,086

949
7,552
200
4,998
542
95,516
1,559
4,500

6,000
23,445
874,642
1,424

69,000
953

3,504,092 2,035,789 3,032,840

DEPARTMENT,

Register's Office, October 24, 1803.
JOSEPH NOURSE, Register.




I N D E X .

A.
Agriculture, the effect of funding the public debt on, 6.
productiveness of, contrasted with manufactures, 78.
promoted by manufactures, 88, 92, 104.
Alloy, proportion of, used in gold and silver coinage, 135, 141.
Why it is used in coinage, 142.
Annuity proposed, as a plan for funding the public debt, 17, 43, 99.
Army expenses of 1802, estimated, 222.
of 1803,
do
253.
of 1804,
do
263.
of 1805,
do
286.
of 1806,
do
298.
from 1st April, 1801, to 31st March, 1805, 326.
of 1807, estimated, 331.
of 1808,
do
358.
paid, 374.
of 1809, estimated, 375, 392.
paid, 399. . (to
J«
from 1802 to 1807,420.
of 1810, estimated, 400.
paid, 421.
of 1811, estimated, 423.
paid, 443, 466.
of 1812, estimated, 444.
paid, 46S, 484.
of 1813. estimated, 470, 489.
paid, 490, 492, 499.
of 1814, estimated, 500.
paid, 523, 532.
of 1815, estimated, 530.
B.
Balances in the Treasury, in 1801,
1802,
1803,
1804,
1805,
1806,
1807,
1808,
1809,
1810,
1811,
1812,
1813,
1814,




223, 224.
255.
263.
287.
298.
332.
357.
374.
391, 399.
422.
443.
468.
488, 499.
525.

554

INDEX.

Bank, plan of a national, proposed, 54, 72.
capital stock, of what amount, and bow composed, 72.
the United States may be a stockholder, 75.
Bank of the United States, a renewal of the charter of; recommended, 3o9.
Bank shares, dividends on, in 1901, 221.
sold, 254.
proceeds of, 317.
Banks, benefits resulting from, 55, 97.
number of, in the United States in 1790, 65.
objections to, considered, 57.
stock of, how composed, 59.
favor the increase of the precious metals, 61.
tend to lower the rate of interest, 67.
•
_
Bounties considered as a mean of encouraging manufactures, 110, 1.J0.
C.
Claims of American citizens against Prance, amount of, assumed and paid,
264, 2C6, 288.
Coffee, additional duty on, proposed, 22.
imported and consumed from 1790 to 1798, quantity of, 241.—See
Merchandise imported
Coins, foreign, comparative value of, 135. 142.
circulation of, to be prohibited, 155.
Coins of the United States, of what to be compow>d,tind how denominated,
152.
Commercial restrictions, effects of, on the revenue in 1807-8, 398, 409.
Commerce, benefited by funding the public debt, 5.
promoted by man u far lures, 90, 104.
how affected by the French and British decrees, 376.
Compensation of officers ot Government in 1790,45.
Connecticut, claim of, in 1789, 35.
Creditors of the United States, not expedient to discriminate between the
classes of the, 7.
Credit.—See Public Credit.
Customs, where paid, and the amount, from 1st April, 1801, to 31st Marcn,
1805, 319.
,

-

it

^nvds

Debt, amount of interert on the domestic, from 1776 to 1791, 33.
Debt.—See Public Debt.
Debts due to States, to be assumed by the United States, 10, 28.
suppositious account of the, 30.
statement of the, 35.
provision for liquidating, 164.
Direct taxes, collected in 1801, 221.
arrears of, in 1803, 263.
receipts from, in 1801 to 1805, 317.
receipts from, in 1814, 524, 526.
an increase of the. recommended, 531.—See Revenue, *TC-




555

INDEX.

Drawback of duties, considered in reference to the encouragement of manufactures, 114.
amount of, from 1790 to 1799,239.
system of, proposed to be modified, 378.—See Merchandise imported.
Duties, additional, proposed on wines, spirits, teas, and coffee, 22.
Duties on imports, tariff of, proposed to be modified, 218,227.
cost of collecting the, 218, 227.
an increase of, proposed, 219,242, 378, 401, 424,448.
Duties on imports and tonnage, estimated for 1790, 53.
^
for 1795,170.
Duties.—See Internal Duties, Protecting Duties, Imports, Merchandise.
Dutch debt, created in 1790, 166.
amount of, in 1794, 206.
amount of, in 1802, 225.
instalments payable to 1809, 250.
difficulties in remitting instalments of the, 254,
amount of the, in 1803,276.
R

Embargo, its effects upon the revenue considered, 377, 503.
Estimates of receipts and expenditures for 1791, 45, 53.
1795,170,18o,2l4.
1801-2, 222.
1802-3, 253.
180a-4. 263.
1804-5, 286.
1805-6, 298.
1806-7, 331.
1807-8, 357.
1808-9, 375.
1809-10, 399.
1810-11, 422.
1811-12,444,448.
1812-13, 469.
1813-14,488, 500.
1814-15, 526, 530.
Exemption of nujeriajs ^ manmawun»
materials for
^
Expenditures.—See Receipts and Expenditures.
Exportation.—Sec Re-exportation.

^

<

F

Finances, ,he effects of a nationalbauk in administering.be, c e n t e r e d , 54.
Finances, state of the. in 1801,
1802,
1803,
1804,
1805,
1806,
1807,
H08,
1809;




21b.
252.
262.
285.
297.
331.
356.
373.
(June,) 391.

556

INDEX.

Finances, state of the, in 1809, (December.) 398.
1810, 421.
1811, 443.
1812,468.
1813, (June,) 48$.
1813,; December,) 499.
1814, 523.
Fisheries, benefited by manufactures, 107.
Florida, imports and exports to and from, for tho years 1799 to ISO2.20a,
281 to 284.
Foreign intercourse, expenses of, from 1801 lo 1805, 325 — See Receipts
and Expenditures.
Foreign officers, provision made in 1792, for paying certain, 166.
France, claims against, assumed by the United Stales, and paid, 264 6,288.
Frauds on the revenue, how prevented, 23.
Funding system established in 1790, 165.
G.
Gold and silver, amount of, increased by establishing banks, 55.
proportion of, in the United Stales, in 1790, estimated, 141.
1.
Imported articles, nnd the duty on each.—See Merchandise imported.
Imports from Great Britain in 1810, duties accrued on, 456.
a table of duties chargeablo on, in 1801, 227.
Imports, value and quantity of, from 1790 to 1800, 229 to 238.
amount of duties accrued on, from 1790 to 1799, 239.
_
quantity of consumed in the United States from 1790 to
duties accrued on, from Octobcr 1800, lo October 1802, 259,
duties accrued on, in the years 1802 and 1803, 290.
1801 to 1804,297.302,311.
1804 and 1805, 337.
1805 and 1806,362.
1806 and 1807,379.
1807 and 1808,403.
1808 and 1WJ9, 426.
1809 and 1810, 451.
1810 and 1811, 47S.
1811 and 1812, 505.
1812 and 1 8 1 3 , 5 4 4 . — c h a n
dise imported.
„
Incidental revenues received from 1st April, 1801, to 31st March, lbuo, o
—See Revenue.
Internal duties created in 1794,159.
Internal duties, receipts from in 1800, 218, 243.
cost of collection, 219.
receipts from, in 1801 to 1805,317.
outstanding, amount of in 1803, 263
proposed to be increased, 531.—See R»v*nvr .
Internal improvements, surplus revenue maybe applied to, 359.
Inventions and discoveries promote manufactures, 114.



INDEX.

557

L.
I^ands.—See Public Lands.
Laws creating revenue, and providing for the public debt, reviewed 157
Limitation act, passed in 1793, 167.
Loan recommended to supply a deficiency in the receipts. 392, 400 423
448, 471, 491.
'
'
'
'
Loans, foreign, amount of on 31st December, 1789, 31.
I^oans preferred to taxes to meet the exigencies of a war, 377, 401.
Loans, amount received from, in 1810, 443.
1812, 468, 486.
1813, 488, 492. 499, 516.
1814, 524, 527.—See Revenue.
I*oans, term3 on which they were obtained, 441, 491, 492 to 498; 519 to
522, 528 ; 535 to 540.
l»uisiana, provision for the purchase of, 264.
imports and exports to and from, for the years 1796 to 1802,
265, 281 to 284.
M.

Manufactures benefited by funding the public debt, 6.
expediency of encouraging, 78.
advantages of, 85.
encourage emigration, 87.
effects of, on commerce and agriculture, 90.
objections to encouraging, considered, 91, 103, 107.
progress of, in the United States, 102.
necessary to the independence of a country, 106.
sectional jealousies on the subject of, considered, 107.
how to be protected, 109.
materials for. exempted from duty, effect of, 113.
articles of, requiring particular encouragement, 118.
Massachusetts, amount due to, in 1789, 35.
Mediterranean fund, created, and estimated product of the, for 1805, 286.
duties constituting the, cease 1st January, 1809, 356.
a continuation of the, recommended, 378,401,424,448.
annual amount of.—See Merchandise imported, and
Revenue.
Merchandise imported and consumed, from 1790 to 1S00, 237, 241.
(paving ad valorem duties) in 1795 to 1800, 234.
(the quantity re-exported deducted) in 1801, 312.
1
1
1802,270.
1803, 291.
1804, 303.
1805, 338.
1806, 368.
1807, 380.
1808, 404.
re-exported in 1807 and 1808, 409.
imported, (the quantity reexported deducted,) in 1809, 427.




1811', 474.
1812, 506.
1813, 545.

55S

INDEX.

Mint, plan for the establishment of a, 133.
expenses of a, how defrayed, 143, 150.
M o l a s ^ f ^ J t e d n n d consumed from 1790 U 1793, quanuty of, 211.
>
See Merchandise imjxjrled.
N.
National bank proposed to be established, 54.
Navy expenses of 1802, estimated, 222.
1803,
do
253.
1804.
do
263.
1S05,
do
2S6.
1806,
do
298.
from 1st April. 1801, to 31st Maxell, 1S05, 327.
of 1807, estimated, 331.
1808,
do
358.
paid, 374.
1S09, estimated, 375, 392.
paid, 399.
from 1802 to 1807, 420.
of 1810, estimated. 400.
paid, 421.
1811, estimated. 423.
paid, 443, 466.
1812, estimated, 441.
paid, 468, 484.
1813, estimated, 470, 489.
paid, 490, 492, 499.
1814, estimated, 500.
paid, 523, 532.
1815, estimated, 530.
New Jersey, claim of, in 1789, 35.
New York, claim of, in 1789, 35.
Non-importation act, modification of the, proposed. 425.
O.
I
Officers of Government, compensation allowed to the, in 1790, 45.
P.
Paper money, the expediency of emitting, considered, 64.
Passports and clearances, amount of revenue derived from, in 179"
1798, 241—See Merchandise
imported.
Penalties and forfeitures for infractions of the revenue laws, to be districted to informers and custom-house officers, 425.—See Revenue.
Postage of letters, receipts from, in 1901 to 1805, 317.--See Revenue.
Post Office, revenue derived from the, to he applied to the sinking fond,
review of the law establishing the, 159.
Premiums, effect of granting, on agriculture and manufactures, 113.



INDEX.

559

Protecting duties on imports considered as a bounty on domestic fabrics, 109.
the constitutional power to levy considered, 112.
Prohibitions of imports and exports may be resorted to for the encouragement and protection of manufactures, 109.
Public credit, plans for the support of, 3, 157,172.
a national bank necessary to the support of, 54.
essential to the prosperity of the nation, 197.
defined, 198.
Public debt, advantages of funding the, 5, 98.
nature of the provisions for funding the, 7,161.
of what it consists, 14, 168, 347.
plans for funding the, 17, 43, 45, 161.
plans for redeeming the, 22, 27, 165.
may constitute a part of the capital of a national bank, 72, 75,
157.
laws relating to the, reviewed, 157.
plan for completing the system for liquidating the, 173.
revenues pledged for the payment of the, 168.
amount of foreigu and domestic, in 1790, 14, 22, 31, 33.
1795, 169, 201 to 210.
1802, 223, 248, 250, 279.
when it may be redeemed, estimated, 172, 225, 251, 354.
amount paid, in 1802, 254.
1803, 264, 276.
1804,288,296.
1805. 299, 310.
from Apr. 1.1801, to March 31,1805,328,329,333.
in 1806, 333, 345.
plan for c o n s o l i d a t i n g the, proposed, 333,347 to 3oo.
amount of the, in 1806, 349.
K
Q94 0 f ; i Q K
estimated amount that maybe paid, m 1809 to 1821,354,3^.
amount paid in 1807, 358, 371.

in 1811, 445,461.
from April 1, 1801, to January 1,1812, 463.
amount on JA:maryllS12_146, 464.
—

paidtnli

1814, 534.

j S ^ f f i f f i S S
1795 and 1801,
1 f i 219 244
of'the. pledged for the public debt, 163.
S d T l S O l , 220, 2 4 a
intrusions on the, to be prevented, 221.
sold in 1802, 252, 257.



560

INDEX.

Public lands, sold in 1S03, 262, 274.
1801, 285, 291, 315.
1905, 297, 308.
receipts from, in 1801 to 1905, 31 / .
sold in 1806, 331, 34s.
1807, 356. 368.
1808. 373, 385.
1809.398, 411.
sold from 1800 to 18l0, 421, 432.
sold in 1811,448.
,
tI .
JJO
may be applied as & bounty to soldiers enlisting, 448.
sold in 1M2, 478.
1813, 511.
lbl-1,550.
*
m
Public vessels sold, 222.

I ]

3

|

R.
Receipts and expenditures, estimated for 1790, 45, 53.
1795, 170.
comparative view of the, for 1795, 214.
in 1901, 216.
1802, 252.
1803. 262.
1804,285.
^
from April 'l, 1801, to March 31, 1805, 317 to
330.

'

in 1806, 331.
1807, 356.
1808.373.
1809. 391, 395, 398, 419.
1810, 421, 438.
1811,443. 466.
1812, 468, 482, 486.
1813, 488, 492, 499, 616, 532.
1814, 523, 533.
Re-exportation of foreign merchandise in 1807 and 1908, 409.
s
Revenue, frauds of the, how to be prevented, 23.
plan for increasing the, 24.
laws relating to, reviewed, 157.
for what purposes pledge, 168.
how to be increased in the event of war, 361, 378.
on increase of, proposed, 219, 242, 378, 401, 4 ^ 448, 504from what sources derived, and the amount in 1795, u><, l v '
1801,216„lT
1901 to 1906,31'»




322.
1808,395.
1809, 419.
1810, 438.
1811, 466-

v

INDEX.

561

Revenue, from what sources derived, and the amount in 1812,482,492.
1813, 492, 516, 518.
1814, 532-3.
See Receipts and

expenditures.
S.

Salt imported and exported from 1790 to 1800, 233.
and consumed from 1790 to 1798, quantity of, 241.—See
Merchandise imported.
Salt duty expires 1st January, 1808,356.
a renewal of the, recommended, 449, 490.—See Merchandise
imported.
Sinking fund, plan of a, proposed, 27.
established in 1790, 165, 171.
made permanent in 1792, 166, 169.
operations ofof the, in 1802, 260. 1795, 167, 1/1, -411.
proceedings the, to 1st January,
state of the, in 1806, 346.
in 1810, 440.
in 1813, 498.
South Carolina, claim of, in 1789, 36.
Specie increased by the operation of banks, 55.
Si>ecie payments suspended by banks, 529.
S & 3

m o r t a l

WgS&SffSV^X

"

Merchandise imported.
Snirits foreign and domestic, additional duties proposed on, £&.
Stamp dutiesexpire 4th March 1803 218 2 2 1 . - ^ /
^ ,
State debts, ought to be assumed bv the Union, 14, 28, 30.
amount of; estimated, So, f b .
provision for liquidating the, 164.

^

Z

&

M

S S S r E S b T l W

S u r p l ^ u f

quantity of, 2 4 , - S ,

to internal improvements, 359.
T.

j
ho lovipd 449. 490.—See Direct taxes.
Taxes, internal, proposed to be l e v i e d , ^ ,
m

- S e e Merchandise >mPorlJ r - f r o m 1 7 9 0 to 1799, 240.
Tonnage, amount of American and foreign, from 17W to ^
^


Tot, i.—36


in 1803, 290.
1804, 302.
1805, 337.
1806, 362.
1807, 379.
1808, 394, 403.

INDEX.
Tonnage, amount of American and foreign, in 1909, 426.
181 li 473.
1812, 805.
1813, 544.
Tontine, proposed as a plan for funding die public debt, 20, 45.
Treasury u
treasury notes, amount authorized in 1812, 469, 492.
1813,492.499,518.
1814, 525. 529, 532, 511-2.
in circulation in 1814, 529.
an increase of the rate of interest on, proposed. 530.
y.
Virginia, claims of, in 1789. 36.
W.
Wines, additional duties proposed on, 22.
imported and consumed, quantity of, from 1790 to 1798, 241.Merxhandisc imported.




END OF T H E F I R S T VOLVME.


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