The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
TABLE k k OF CONTENTS * ^Report by Mr. Hamilton on Public Credit J ^ Report by Mr. Hamilton on a National Bank J. Report by Mr. Hamilton on Manufactures ^^Report by Mr. Hamilton on Establishing a Mintt ^ w i e p o r t by Mr. Hamilton on Public Credit ^ R e p o r t by Mr. Gallatin on the Finances Report by Mr. Gallatin on the Finances 'J IT7 Report by Mr. Gallatin on the Finances -}• Report by Mr. Gallatin on the Finances ^Report by Mr. Gallatin on the Finance* V, Report by Mr. Gallatin on the Finances Report by Mr. Gallatin on the Finances *^Report by Mr. Gallatin on the Finances Report by Mr. Gallatin on the Finances Report by Mr. Gallatin on the Finances "^Report by Mr. Gallatin on the Finances ^Report by Mr. Gallatin on the Finance? Fag<?. - - Report by Mr. Gallatin on the Finances . . R e p o r t by William Jones, (Acting Secretary P^ Report by William Jones, (Acting Secretary ° R e p o r t by G. W . Campbell on the Finances <0 VOL. I . — 1 CM - the Fiuances the Finances - January, December, December, May, January, December, December, October, November, December, December, November, December, June, December, December, November, December, June, December, December, 17.90 1790 1791 1791 1795 1801 1802 1303 1S04 1305 1806 1807 1808 1809 1809 1810 1811 1812 1813 1813 1811 3 54 78 133 157 216 252 262 285 297 331 356 373 391 393 421 443 468 488 499 523 [1813. REPORTS OF' T H E 488 REPORT ON T H E FINANCES. JUNE, 1813. In obedience to the act supplementary to the act entitled " An act fo establish the Treasury Department/' the Acting Secretary of the Treasury respectfully submits the following report: T h e receipts into the Treasury from the 1st of October, 1812, to the 31st March, 1813, have amounted to - $15,412,116 25 'l*he balance in the Treasury, on the 30th September, 1812, was 2,362,652 69 Making together . . . . . §17,775,068 94 The expenditures, from the 1st October, 1S12, to the 31st March, 1813, have amounted to $15,919,334 41 1/eaving a balance in the Treasury, on the 1st of April, 1813, of . . 1,855,734 53 $17,775,068 94 The enclosed statement (A shows, in detail, the several sources from which the receipts were derived, and the branches of expenditure to which the disbursements from the Treasury were applied. Pursuant to the act of 8th February last, subscriptions for a loan of sixteen millions of dollars were opened on the 12th, and again on the 25th of March last. But, although a thirteen years' annuity of one per cent, was offered, in addition to a six per cent, stock at par, for the money which might be subscribed, it being apparent, from the result of the first subscription, that the whole amount could not be obtained on those terms, proposals in writing were invited. Offers, exceeding by about a million of dollars the amount wanted, were received, some demanding a thirteen years' annuity of one and a half per cent., in addition to six per cent, stock at par, but most of them requiring a six per c e n t stock, at the rate of 88 per cent. On these terms, leaving to the subscribers the option, the loan was effected In conformity with the public notification, the same terms w e r e extended to those persons who had subscribed on the first opening of the subscription, and they have the same option ; which, if the stock at the rate of 88 per cent, be taken, is equivalent precisely to a premium of thirteen dollars sixty-three cents and seven elevenths of a cent, for each hundred dollars loaned to the Government T h e enclosed papers, under the letter B, are copies of the several public notices given on the subject, and a statement of the monevs respectively obtained by open subscriptions, and by written proposals, and showing, a k j the sums obtained and payablein each place where subscriptions w e r e o p e n e d . Of that sum of sixteen millions of dollars, thus obtained on loan, there was paid into the Treasury, prior to the 1st of April, 1813, the sum oi 1S14.J SECRETARY OF THE TREASURY. ' g439 $1,086,737 50, which makes a part of the moneys received previously to that day, as stated in thc statement A. T h e resources for the residue of the year 1813 consist of the following5 items, v i z : 1. l he remainder of the loan above mentioned - $14,913,262 50 2. The sums payable on account of customs, and of the sales of public lands, estimated at 9,320,000 00 3. T h e five millions of dollars in Treasury notes, authorized by thc act of February 25th, 1813 5,000,000 00 Say - _$29,230^000 00 The expenses for the last nine months of the present year are calculated as followeth, viz: 1. Civil list, and all expenses of a civil nature, both foreign and domestic . . . . . $900,000 00 Payments on account of the principal and interest of the public debt, as per estimate C, herewith - 10,510,000 00 3. Expenses on account of the War and Navy Departments 17,820,000 00 $29,230,000 00 Of the sum of £1,855,731 53, remaining in the Treasury on the lst of April last, a small part may be considered as applicable to such extraordinary expenses, already authorized, as may arise during the remainder of the year; and for the same object, the sum of 1.000,000 of dollars, authorized by an act of thc State of Pennsylvania to be loaned to the United States, but which was not offered in time to be accepted as a part of the loan of sixteen millions, may be considered as a resource. In this estimate, the whole sum of five millions of dollars, authorized to be issued in Treasury notes, is taken as a part of the resources of the present year. But, as it is not deemed eligible to increase the amount of Treasury notes in circulation, and as three millions only of those authorized by the act of 1812 were issued in that year, and are reimbursable in the course of the present year, it is respectfully suggested that, in lieu of issuing two millions of the five millions authorized by the act of February, 1813, Congress should authorize an additional loan for the same amount; it being made a condition of such loan, that its terms should not be higher than those of the loan of sixteen millions, already effected. T h e provision already considered is for the service of the present year °nly ; that which will be necessary for the year 1814, requires an early attention. It is difficult to estimate, with accuracy, the sum which will be received into the Treasury from the revenue as now established. During a state of war, the customs, at the present rate of duties, have been heretofore estimated to produce five millions of dollars. T h e additional tonnage duty, imposed upon foreign vessels, by the act of lst July, 1812, producing about 200,000 dollars a year, is not included in that sum. It is believed that, during the year 1814, a greater sum than five million two hundred thousand dollars ought not to be relied upon, as receivable into the Treasury from custom-house duties. T h e sum arising from sales of public lands may be estimated at six hundred thousand dollars, making together 5,800,000 dollars. T h e interest alone, on the public funded debt, on temporary loans, and on the Treasury notes, which will become payable 490 REPORTS OF' T H E [1813. in that year, will amount to four million four hundred thousand dollars. The other engagements, on account of the principal of the funded debt, of temporary loans, and of Treasury notes, which will become reimbursable in that year, amount to 7,150,0t)0 dollars ; exceeding, together, by more than five million seven hundred thousand dollars, the estimated amount of the receipts into the Treasury, derived from the revenue as now established. This view of the subject is sufficient to evince the necessity of a speedy and effectual provision for the service of that and the ensuing years. The mode and the extent to which this provision should be carried have been heretofore suggested from this department to (Congress, and have received the consideration of that body. The expenses of the peace establishment of the United States, and the interest on the public debt, including that on the loans made for the prosecution of the war. arc believed to be the least sums that ought, under any circumstances, to be raised within each year. These, if the expenses of the peace establishment are taken at the sum necessary for the ordinary expenditure of the United States, previously to the additional armaments mode in the year 1812, with a view to an approaching state of war, and including the interest on the loans of the year 1812^13; and also of that which will probably be necessary in the year 1811, will amount, during that year, to eleven million four hundred thousand dollars, viz : The expense of the peace establishment, exclusive of the additional force authorized by the acts passed dnring the year 1812, may be estimated £7.<WU,uw nt — The interest on the public debt, during the year 1814, will be as follows: On old funded debt . . . . $2,100,000 On 6 per cent, stock of 1812, including temporary loans, received in part of the loan of eleven millions, which will remain unpaid in 1814 500,000 On 6 per cent, stock of 1813 - 1.090.000 On Treasury notes, which will be reimbursable in 270,000 1814, say on 5,000,00# dollars, at 5» per cent. 3,960,000 On the loan for the year 1814, interest payable 440,000 within that year IOMOOJOOO The revenue, as now established, being estimated to produce Would leave to be raised - $5,800,000 5,600,000 T o cover the above sum of * The internal taxes heretofore proposed were estimated to produce And the duty of 20 cents a bushel on salt imported, which, though estimated heretofore at only 400,000 dollars a year, during a state of war, yet, as the consumption considerably exceeds 2,000,000 of bushels, may be estimated to produce Making the sum wanted - - $5,000,000 600,000 S5,600^ 1813.) SECRETARY OF THE TREASURY. 491 Although the taxes, if early laid, may be brought into operation in the commencement of the year 1814, yet, as they cannot be expected to have their full effect during that year, some auxiliary resource will be required. This may tie found in the sum of 1 , 5 0 0 , 0 0 0 dollars, which is the excess of the sinking fund for the present year, over the demands on that fund, according to the existing engagements of the United States. This sum of 1 , 5 0 0 , 0 0 0 dollars may be carricd to the sinking fund for the year 1 8 1 4 , and will be wanted, in addition to the annual appropriation of 8,000,000 of dollars, to meet the engagements on account of the public debt which must be fulfilled during that year. As reliance must be had upon a loan for the war expenses of the year 1814, the laying of the internal taxes may be considered, with a view to that object, as essentially necessary: in the first place, to facilitate the obtaining of the Isan ; and. secondly, for procuring it on favorable terms. It is ascertained that the terms of the loan, for the present year, would have been more favorable if the taxes had been previously laid; and it is obvious enough that, by affording a security for the regular payment of the interest, and the eventual reimbursement of the principal, more stable, and less liable to be weakened or cut off by the natural effects of war upon external commerce, than a revenue depending, as that of the United States now does, almost wholly upon such external commerce, capitalists will advance with the greater readiness, and at a lower rate of interest, the funds neces^ sary for the prosecution of the war; public confidence will be insured, and the means afforded of preserving the public credit unimpaired: a measure of the utmost importance, in a country like ours, where, from the lightness of the demands made upon the people during the continuance of peace, the extraordinary expenses of a state of war can be supplied only by a resort to that credit. The resources of the country are ample; and if the means now proposed, and those heretofore recommended from this department, are adopted, it is believed they may be fairly and fully brought into action. All which is respectfully submitted. W. JONES Acting Secretary of the Treasury. T R E A S U R Y D E P A R T M E N T , Jane 2, 1 8 1 3 . 492 REPORTS OF' T H E [1813. Receipts and expenditures at the Treasury of the United States, from the 15/ of October, 1812, to the 31 st of March, 1813. Cash in the Treasury, subject to warrant Received for customs $4,720,001 44 arrears of direct tax 105 52 sales of public lands 150,596 95 cents coined at the mint 2,780 00 3,060 00 fees on letters patent 39 70 postage of letters sea mens stores sold, and fund 284 45 for relief of seamen 1,984 96 fines, penalties, and forfeitures 20,892 51 repay men tsof money advanced prize money for navy pension 3,645 72 fund . . . 300 00 interest on Treasury notes 82,362,652 69 5,203.691 25 Treasury notes, (act of 1812,) 4,752,500 00 Treasury notes, (act of 1813.) 32,000 00 4,784,500 00 Loan of 11 millions, (1812,) 4,337,487 50 Loan of 16 millions, (1813,) 1,086,737 50 - 10,208,725 00 15,412,416 25 17,775,068 94 Expenditures, viz: On account of the civil department 440,473 76 M i seel laneous expen scs 368,518 64 Diplomatic expenses 48,087 37 Military department • 9.039.275 19 Naval department 2,690,752 20 Public debt 3,332,226 95 Cash in the Treasury subject to warrant, March 31, 1813 15,919,334 41 $1,855,734 53 B. The United States loan of 16,000,000 dollars has been taken up in ^ following manner and proportions: First subscription on the 12th and 13th March, 1813 - $3,956,400 t Second subscription, 25th to 31st March, 1813 1,881,800 w Proposals made on the 5th of April, of. which only ^ m $10,161,800 could be received 11,106,000 * 1S14.J SECRETARY OF THE TREASURY.'g To which may be added the amount intended to be loaned by the State of Pennsylvania; the proposals lor which, not being received in time, could not be admitted - 493 1,000,000 00 $17,944,200 00 Being 1,914,200 dollars more than the sum of 16,000,000 authorized by law, and actually borrowed. That sum of 316,000,000 has been subscribed, and is payable at the following places: New Hampshire Portsmouth $40,000 Massachusetts Portland 120,000 Salem 183,600 Boston 75,300 Rhode Island Providence 67,800 New York New York 5,437,100 Albany 283.500 Pennsylvania 6,858,400 Philadelphia Maryland 1,950.800 Baltimore 442,500 Columbia Washington 49,000 Virginia Richmond 35,000 Petersburg 103,000 Norfolk 354,000 South Carolina Charleston 16,000,000 B. 1. Whereas, by an act of Congress passed on the eighth day of February, one thousand eight hundred and thirteen, the President of the United States is authorized to borrow, on the credit of the United States, a sum not exceeding sixteen millions of dollars, (so, however, that no engagement or contract shall be entered into which shall preclude the United States from reimbursing any sum or sums thus borrowed, at any time after the expiration of twelve years from the first day of January, one thousand eight hundred and fourteen:) And whereas, by the said act, so much of the funds constituting the annual appropriation of eight millions of dollars, for the Payment of the principal and interest of the public debt of the United States, as may be wanted for that purpose, after satisfying the sums necessary for the payment of the interest, and such part of the principal of said debt as the I nited States are now pledged annually to pay and reimburse, is pledged and appropriated tor the payment of the interest, and for the reimbursement of the principal of the stock now to be created; and the faith of the United States is pledged to establish sufficient revenues for making up any deficiency that may hereafter take place in the funds now appropriated for paying the interest and principal as aforesaid: And whereas the President of the United States did, by an act or commission under his hand, dated the seventeenth day of February, one thousand eight hun 494 REPORTS OF' T H E [1813. dred and thirteen, authorize and empower the Secretory of the Treasury to borrow, on behalf of the United State®, a sum not exceeding in the whole sixteen millions of dollars, and to make the necessary contracts for the same, pursuant to the act of Congress above recited: Now, therefore, the undersigned. Secretary of the Treasury, in pursuance of the act of Congress, and the authority from the President of the United States above mentioned, doth hereby, on behalf of the United States, contract and engage in manner following, to wit: 1. Books tor receiving subscriptions to a loan of sixteen millions of dollars, for the use of the United States, shall be opened on the twelfth day of March next, - At the New Hampshire Union Bank. At Portsmouth, N. H. At Salem, Mass. - At the Merchants Bank. At Boston, Mass. - At the State Bank. At Providence, R. I. • - At the Roger Williams Bank. At the city of New York, - At the Manhattnn Company, and the Mechanics' Bank. At Albany, - At the New York State Bank, and the Mechanics and Farmers' Bank. At Philadelphia, - At the Bank of Pennsylvania, tne Farmers' and Mechanics' Bank, and the Philadelphia Bank. At Baltimore, - At the Bank of Baltimore, the Commercial and Farmers'Bank, and the Union Bank of Maryland. At the city of Washington, - At the Bank of Washington, and the Office of the Bank of Columbia. At Richmond, Va. - At the Bank of Virginia. At Charleston, S. C. - At the State Bank, and the Planters and Mechanics' Bank. And at any other incorporated bank, in any of the above named cities or towns, which shall open books for receiving subscriptions as aforesaid, and give stated notice thereof. Which books shall continue open for receiving subscriptions during the ordinary hours of transacting business at the said banks, on Friday, the twelfth, and Saturday, the thirteenth day of March next. If more than sixteen millions of dollars, in the whole, shall be suhscribed. tbe surplus shall be deducted in proportion to the sums subscribed in each place r e s p e c t i v e l y , by a reduction of the subscriptions exceeding four thousand dollars. Rot no reduction shall be made of thesubscripUons made by any persons OT t o dies corporate, holders (at the time of subscribing) of stock issued under toe act of March 14, 1812, called "six per c e n t stock of 1812," unless the aggregate of their subscriptions should exceed sixteen millions of dollars; ® which case, the surplus shall be deducted by a rednction of tbe proportionally highest subscriptions. If any subscription shall be thus r e d u c e d , to® amount of such reduction shall be forthwith returned to the subscriber fro® whom such reduction shall have been made. , 2. No subscriptions will be received for a sum less than one hundred W" lars, nor for a fractional part of a hundred dollars. 3. For every hundred dollars which may be subscribed, there shall •» paid, at the time of subscribing, twelve dollars aud fifty cents : and s " * sum of twelve dollars and fifty cents on the first day of each of the ensues 1S14.J SECRETARY OF THE TREASURY.'g335 495 months of April. May, June, July, August, September, and October, uue one thousand eight hundred and thirteen, "respectively. Each subscriber, at e t,me payng "»»y of the above instalments, afier the first, may pay all or any number of the subsequent instalments, and will be entitled to receive interest, at the rate of six per centum per annum, on the amount thus paid, from the time of actual payment. 4. Ou the failure of payment of any instalment of the sums subscribed, according to the tenor of the third article, the next preceding instalment of twelve dollars and fifty cents, which shall have been paid for every hundred dollars subscrilwd, shall be forfeited to the United States. 5. Each subsequent instalment must be paid at the same bank at which the origiual subscription was made, and where the first instalment was paid. 0. The cashiers of the respective banks where subscriptions are received, shall, within twenty days after the time of subscribing, give certificates statin? the sums subscribed and payment made, and on which the payments of the subsequent instalments, when made, shall be respectively endorsed; which certificates shall be assignable by endorsement and delivery of the parties in whose favor they may be issued, until the completion oHhe payments required by the tenor of the third article. 7. After the completion of the payments aforesaid, the proprietors of the certificates of the cashiers, on which such payments have been completed, on surrendering the same at the loan office of the State in which the subscription and paymeuls shall have been made, shall be entitled to receive from the commissioner of loans certificates of funded capital stock for the amount thus subscribed and paid, bearing an interest of six per centum per annum from the time when the said instalments shall have been paid, respectively, and payable quarter-yearly at the several loan offices, or at the Treasury of the United States, where the same may stand credited, and shall, moreover, receive from the commissioner of loans a certificate entitling such proprietor to an annuity or annual sum, payable quarter-yearly, for thirteen years, commencing on the first day of January, one thousand eight hundred and thirteen, of one dollar on every hundred dollars thus subscribed and paid; which certificates of annuity shall constitute a separate and distinct stock, and may be sold, assigned, and transferred to and from the books of the Treasury, or of the several loan offices, separately and distinctly from the aforesaid funded capital six per cent, stock. And the said funded capital stock, and the said annuities, shall be transferable, by their respective proprietors in person, or by their attorneys duly constituted, in the same manner as the present funded debt of the United States, and in pursuance of the rules which have been, or which may be, established* relative to the transfer of the said debt. 8. After the payment of the fifth instalment, such of the proprietors of the certificates of the cashiers of two hundred dollars and upwards, as may then be desirous of funding the same, may, on presenting them at the loan office of the State in which the subscription and payments shall have been made, receive from the commissioner of loans certificates of funded capital six per cent, stock, for the amount of the first four instalments, or one moiety of the sum expressed in the certificates of the cashiers; and also certificates for one moiety of the thirteen years' annuity of one dollar on the hundred dollars subscribed. But no certificate of funded capital six Per ceut. stock including a fractional part of a hundred dollars, or certificate of annuity including a fractional part of a dollar, will be issued. 496 REPORTS OF' T H E [1813. 9. After the last day of December, in the year one thousand eight hundred and twenty-five," and after reasonable notice to the creditors, which shall be given by an advertisement in seme public newspaper printed at the seat of the Government of the United States, the paid capital six per cent, stock shall be redeemable at the pleasure of the United Suites, by the reimbursement of the whole sum which may at that time stand credited to any proprietor on the books of the Treasury or of the loan offices, respectively. And the payments of the said annuities for thirteen years shall cease and determine on the first day of January, one thousand eight hundred and twenty-six. when the certificates of the same shall be surrendered up and cancelled. 10. So much of the funds constituting the annual appropriation of eight millions of dollars for the payment of the principal and interest of the public debt of the United Suites, as may be necessary for the regular payment ofthe interest, and for the reimbursement of the principol ofthe stoclc, and for the regular payment of the annuities to be created under this contract, together with the faith of lite United States for iu» due fulfilment, arc hereby pledged in pursuance of, and according to, the terms and conditions of the act of Congress hereinbefore recited. Given under my hand and the seal of the Treasury of the United States, at Washington, this twentieth day of February, one thousand eight hundred and thirteen. Secretary of the Treasury. B2. UNITED STATES LOAN. T R E A S U R Y D E P A R T M E N T , March 18, 1813. Notice is hereby given, that the books for receiving subscriptions to the loan authorized by the act of Congress of February 8th, 1813 will again < be opened on the 25th day of this month, on the same terms and conditions as heretofore, and continue so open till the 3lst day of this month, unless sooner closed by public notice, at the following places, and for the following sums respectively, that is to say: At New York, for five millions of dollars, at the Manhattan Company, Mechanics' Bank, City Bank, Merchants' Rink, Bank of America. At Philadelphia, for five millions of dollars, at the Bank of P e n n s y l v a n i a , Farmers and Mechanics' Bank, Philadelphia Bank, Stephen Girard s BankAt Baltimore, for one million seven hundred thousand dollars, at the Bank of Baltimore, Commercial and Farmers' Bank, Union Bank of Maryland, Mechanics' Bank, Marine Bank. At Washington, for three hundred thousand dollars, at the Bank oi Washington, office ofthe Bank of Columbia. Proposals will also be received by the Secretary of the Treasury, unUl the fifth day of April next, from any person or persons, body or bodies corporate, who may offer, for theiwelves or others, to subscribe for the whole or part of the residue of the loan aforesaid, which may not have been subscribed for prior to the 1st dav of April next. T h e proposals must distinctly state the amount offered to be loaned, the species of stock or stocks whico 1S14.J SECRETARY OF THE TREASURY. ' g497 a! N ! h e p [ i c ? * * * W l H a , , o w for the same. Unless in the thatZ I Z t n , E n J t S f t ^ ^ P r o P°"«^ will be understood the Treasur m-.ntl v H n i r^ h J ^ ^ T y in fo»r ^ mstalthat theslork i 5th „ d , ayS °L A p U l > J u n e > A u ? u s t > and OctobeVnext; and l f p m ^ T h a ^ u L ^ i r r e d m n a b l G t l U t h e 3 1 s l d a 7 of December, 1825. made a r e o u u X T J n ! f ' ^ u n t , u f f together to a greater sum than t h a t t e r m s S ^ t r s t H f T s i ' r ^ ^ . — n to stockholders of w l n c h ' l £ 0 r ^ I S H ^ ' T "j t e r m s fr °m one another, or from those on a rC dy Anril npv . P m " ' ? > ° r ma>r *» m a d e P r i o r ^ the 1st day of al^i^i °! d, ** a C C e p , e d ' aI1 t h e P a r t i e s ' including those who have SUb5Cribe M r f ^ , r i , b e d ' °r P r i o r t 0 t h e l s t d a y ^ April next, shall 6 SamC f t 0 a11 t h e <ZE£Z Z ° ° u ^ °P t i o n e i t h e ^ of the terms oncred by them, or on which they have subscribed, or of those offered by any other persons, and which shall have been accepted. r e c e i v e d for doll • " V 1 W , H a sum less than one hundred thousand pilars. But a commission of one-quarter per cent, will be allowed to any person collecting subscriptions for the purpose of incorporating them in one proposal, to the amount of one hundred thousand dollars or upwards, provided that such proposal shall be accepted. r i f A I , r ' w P ? p O S a , S m U S t ^ t r a n s m i t t e d by duplicates j one directed to the o i y o f \Y ashingion, and the other (under cover of the cashier of the Bank of Pennsylvania,) to Philadelphia. ALBERT GALLATIN, Secretary of the Treasury. B 3. UNITED S T A T E S LOAN. T R E A S U R Y D E P A R T M E N T , April 15, 1813. Those persons who have subscribed to the United States loan of sixteen millions of dollars, prior to the lst day of the present month of April, ars hereby notified, that terms different from those under which they made their subscriptions have been allowed to the persons who have taken the remainder of the said loan of sixteen millions; and that, conformably to the public notification from this department, of the 18th of March last, those who subscribed prior to the lst of April have the privilege of taking the terms thus subsequently allowed ; and which terms are as follows, viz : 1st. That the subscriber shall receive a six per cent, stock, the interest Payable quarter-yearly, redeemable at the pleasure of the United States, at any time after the end of the year 1825, at the rate of eighty-eight per cent; °r 10t) dollars in stock for 88 dollars in money. Or, 2d. That the subscriber, for every hundred dollars in money shall receive one hundred dollars in the same species of six per cent, stock, and an annuity for thirteen years, from the lst day of January last, of one dollar and fifty cents, payable quarter-yearly. The subscribers who may wish to avail themselves of these terms will present their scrip-certificates to the cashier of the bank by whom they ^ere issued, and will express, in writing, on the face of the same, which of the above terms they will elect to accept, and will receive from the cashier YOL. 1 . — 3 2 REPORTS OF' T H E 498 [1813. ncw scrip-certificates conformably thereto; the payments upon which, and funding whereof, are to be effected in the same manner as before. Such subscribers as have already completed their certificates of funded stock and annuities on the terms " r . ^ .l pro M Tre to surrender the same to the c o m m o n e r of l ^ i s o r t o ^ e l ^ r X , ™ t h e c a J m a y be,) m conformity widi the election they may thus raake ALBERT GALLATIN, Secretary of the Treasury. C. Vieu> of the tinkbiz fund, for the year 1813. The balance belonging to this fund, remaining unapplied j j on the 31st December, 1812, (per report of commissioners $3,550,369 to Congress, of February 6, 1813,) was H,000,000 The annual appropriation for the year 1-13 11,550,369 Making together " I.036,868 There was applied, during the first quarter of the year 181J 11 00 11 28 Leaving to be applied, in the last three quarters of that year $ 1 0 ^ 3 , 5 0 ^ The manner in which the amount will be applied in the year 1813 is as follows: Interest and reimbursement of old six per cent, and de- $2,160,000 00 ferred stocks estimated at 180,000 00 Interest on exchanged six percent, stock of 1812 485,000 00 Interest on three per cent stock 5:000 00 Interest on 1796 six per cent stock 680,000 00 Interest on Louisiana stock, and charges Interest on six per cent, stock of 1812, including tempo700.000 (X» rary bank loans and some arrearages 470,000 00 Interest on new stock of 1813 1 , 3 5 0 , 0 0 0 00 Principal of temporary loans reimbursable in 181" ' Treasury notes, including those payable on the 1st and 11th January, 1814, which must be provided for by the 31st December, 1813 $3,804,500 205 Interest on the same say 4 010,000 00 7^,000 T h e r e was paid on account of the above, in the 1st quarter of 1813 ' ^ gg J ^ Z o 000 000 00 Leaving payable in the last three quarters of that year, say -, And will leave to t e applied to the purchase of stock, or -13,500 $ to be carried to the sinking fund, for the year 1814 $10,513, 1S14.J SECRETARY OF THE TREASURY.'g339 REPORT ON THE FINANCES. DECEMBER, 1813. In obedicncc to thc directions of the "Act supplementary to the act entitled ' An act to establish the Treasury Department,'" the acting Secretary of the Treasury respectfully submits the following report and estimates : The moneys actually received into the Treasury during the year ending on the 30th September, 1813, have amounted to - $37,544,954 93 ^ iz : Proceeds of the customs, sales of lands, small branch of revenue, and repayments -$13,568,042 43 Proceeds of loans, viz : Loan of eleven millions under theact of March 14th, 1812 - $4,337,487 50 Loan of sixteen millions,under the act of February 8,1813 14,488,125 00 Treasury notes under the acts June 30,1812,and February 25, 1813 - 5.151,300 00 — 23,976,912 50 As will appear by the annexed statement E, 37,544,954 93 Making, together with the balance in the Treasury on the lst of October, 1812, which was . . . 2,362,652 69 An aggregate of $39,907,607 62 The payments from the Treasury, during the same period, have amouuted to 32,92S,S55 19 Viz: For civil, diplomatic, and miscellaneous expenses, both foreign and domestic - $1,705,916 35 Military department, including militia and volunteers, and the Indian department - 18,484.750 49 Navy, including the building of new ships, and the marine corps - 6,420,707 20 Public debt: On account of interest - $3,120,379 08 Principal reimbursed - 3,197,102 07 6,317,481 15 As will also appear by the annexed slatem't E, $32,928,855J9 And left in the Treasury, on the 30th of September last - 6,978,752 43 $39,907,607 62 500 REPORTS OF' T H E [1813. The accounts for the fourth quarter of the year 1813 have not yet been made up at the Treasury; hut the receipts and expenditures, during that quarter, have been nearly as follows: Receipts from the customs, sales of lands, and small branches of the revenue, about $3,300,000 00 Loan of sixteen millions ISS^SSi ™ Loan of seven and a half millions jMtMHJJ UO Treasury notes w 12,330,000 00 Making, with the balance in the Treasury on the 1st of October, 1813, of An aggregate of about ; The disbursements have been, for civil, diplomatic, and miscellaneous expenses, about Military department Naval department Public debt, (of which near $6,000,000 was on account of the reimbursement of principal) • And leaving in the Treasury, on the 31st Dec. 1813, about 6,978,<52 43 $19,309,000 00 $400,000 00 6,887,747 00 1,249,145 10 7,087,994 96 4,685,112 95 $19,3^9,000 00 Of the sums obtained on loan during the year 1813, and included in the receipts above stated, an account of the terms on which they were nude has been laid before Congress, excepting as to the Treasury notes issued under the act of February 25, 1813, and the loan of seven and a half millions obtained under the authority contained in the act of the 2d of August, 1813. The annexed statement, marked F, will show the whole amount received for Treasury notes during the year 1813, and at what places they were sold or disposed of. Three million eight hundred and sixty-five thousand one hundred dollars, of the notes issued under the act of June 30th, 1812, became due in the course of the year 1813, or in the present month of January, and have been paid off, or the funds placed in the hands of the commissioners of loans for that purpose. The papers under the letter O will show the measures taken under the . act of August 2d, 1813, authorizing a loan of seven million five hundred thousand dollars, and the manner in which that loan was obtained. 'I he terms were eighty-eight dollars and twenty five cents in money for one hundred dollars in stock, bearing an interest of six per cent; which if equivalent to a premium of thirteen dollars thirty-one cents and four-ninths ofa cent on each hundred dollars in money loaned to the United States. W this sum of 7,500,000 dollars, about 3,850,000 dollars was paid into the Treasury during the year 1813, and the remainder is payable in tne months of January and February, 1814. For the year 1814, the expenditures, as now authorized by law, are e timated as follows: * -nnflflft 1. Civil, diplomatic, and miscellaneous expenses 2. Public debt, viz: ' : Interest on the debt existing previous to the war $2,100,000 1S14.J SECRETARY OF THE TREASURY.'g 501 Interest on debt contracted since the war, including Treasury notes, and loan for the year 1814 $2,950,000 p . , . . 5,050,000 f Keimbursement of principal, including the old six per cent, and deferred stocks, temporary loans, and Treasury notes . 7,150,000 3. Military establishment, estimated by the Secretary of >\ ar for a full complement (including rangers, sea fencibles, and troops of all descriptions) of 63,422 officers and men, and including ordnance, fortifications, and the Indian department, and the permanent appropriations for Indian treaties, and for arming and equipping the militia 4. iNavy, estimated forl5,7b7 officers, seamen, and boys, and for l,b69 marines, and including the service of two 74 gun ships for four months, and three additional frigates for six months of the year 1814, and the expenses of flotillas on the coast and on the lakes Amounting, altogether, to - $12,200,000 24,55 0 6,900,000 $45,350,000 The ways and means already provided by law are as follows: 1. Customs and sales of public lands. The nett revenue accruing from the customs during the year 1812 amounted, as will appear by the annexed statements A and B, to 13,112,000 dollars. Of this sum, about 4,300,000 dollars was produced by the additional duties imposed by the act of July 1, 1812. T h e duties which have accrued during the year 1813 are estimated at 7,000,000 dollars. The custom-house bonds outstanding on the lst January, 1814, after making a due allowance for insolvencies and bad debts, are estimated at 5,500,000 dollars; and it is believed that 6,000,000 dollars may be estimated for the receipt of the customs during the year IS 14. The sales of public lands, during the year ending September 30,1813, have amounted to 256,345 acres, and the payments by purchasers to 706,000 dollars, as will appear by the annexed statement C. It is estimated that 600,000 dollars will be received into the Treasury from this source, during the year 1814. The sum, therefore, estimated as receivable from customs and lauds, is . $6,600,000 2. Internal revenues "and direct tax. From the credits allowed by law on some of the internal duties, and from the delays incident to the assessment .and collection of the direct tax, it is not believed that more ought to be expected to come into the Treasury, during the year 1S14, than the sum of 3,500,000 3. Balance of the loan of seven and a half millions already contracted for 4. Balance of Treasury notes already authorized 1,0/0,01!U 5. Of the balance of cash in the Treasury, on the 31st December, 1813, amounting, as above stated, to about $4,680,000 There will be required to satisfy appropriations made prior to that day, and then undrawn, at least 3,500,000 502 [1813. REPORTS OF' T H E And leaving applicable to thc service of lhe year 1814 - $1,180,000 16,000.000 So that there remains to be provided, by loons, the sum of 29,350,000 $45,350,000 Although the interest paid upon Treasury notes is considerably less than that |>aid for the moneys obtained by the United States oil funded stock, yet thc certainty of iheir reimbursement at the end of one year, and the facilities they afford for remittances and other commercinl operations, have obtained for them a currency which leaves little reason to doubt ihnt they may be extended considerably beyond the sum of five millions of dollars, hitherto authorized to be annually issued. It will perhaps be eligible to leave to the Executive, as was done last year, a discretion as to the amount to be borrowed upon stock or upon Treasury notes, that one or thc other may be resorted to, within prescribed limits, as shall be found most advantageous to the United States. ** The amount estimated to have been reimbursed of thc principal of the public debt, during the year ending on the 30th September last, including Treasury notes and temporary loans, will appear, by the estimate marked D , to have been 3,201,368 dollars. As the payments on account of the loan of sixteen millions had not then beeu completed, and the stock had consequently not been issued therefor, it is not practicable to state wiih precision the amount added to the public debt during that year : but afler deducting the abovemeniioned reimbursement of 3,200,000 dollars, this addition will not fall short of 22,500,000 dollars. The plan of finance proposed at thc commencement of the war, was, to make the revenue during each year of its continuance equal to thc expenses of the peace establishment and of the interest on the old debt then existing and on the loans which the war nught render neccssary; and to defray the extraordinary expenses of the war but of the proceeds of loans to be obtained for that purpose. The expenses of the peace establishment, as it existed previous to the armaments of 1812, made in contemplation of war, but including the eign regiments added to the military establishment in the year 1808, and the augmentation of the navy in actual service, authorized in 1809, amounted; after deducting some casual expenses of militia and other incidental item* to about V . 87,000,000 The interest on the public debt payable during the year 1814, will be: On the old debt, or that existing prior to the present war 82,100,000 On the debt contractcd since the commencement of the war, including Treasury notes, and allowing 660,000 dollars for interest on the loan which must be made during the year 1814, (a sum as small as can be estimated for this object,) 2,950,000 - 5,050,000 Making . . - flWgg? 1S14.J SECRETARY OF THE TREASURY.'g 503 T h e act ual receipts into the Treasury from the revenue, as now established, including the internal revenues and direct tax, are not estimated, for the year 1814, at more than $10,100 000 Viz: from customs and public lands - $6,600,000 Internal revenues and direct tax 3,500,000 10,100,000 If to this sum be added that part of the balance in the Treasury on the 31st December, 1813, which has been estimated above to be applicable to the expenses of the year 1814, and which, upon the princi above .stated, may be considered as a surplus of revenue beyond the expenses of the peace establishment, and ofthe interest on the public debt for the year 1813, and therefore applicable to the same expenses for the year 1814, which sum is estimated at - 1,180,000 And making together . . . . - 11,280,000 There will still remain to be provided new revenues capable of producing . . . . . . 770,000 $12,050,000 But as the internal revenues and direct tax, when in full operation, will produce, in the year 1S15, probably 1,200,000 dollars more than is estimated to be received from them in the year 1814, it will rest with Congress to decide whether it is necessary that new and additional revenues should now be established. To what extent the existing embargo may reduce the receipts into the 1 reasury from the customs during the year 1815, it is difficult to estimate, asfhe operation of the war had reduced the receipts from the customs nearly one half from that which was received during the year preceding the war. The former embargo reduced the revenue from the customs nearly onehalf the amount of that which was received during the year preceding its full operation. In this case, however, the transition was from the full receipt o f a peace revenue to the entire suspension of exportation and of foreign commerce in American bottoms. It is not, therefore, to be presumed that the existing embargo will cause a reduction of the war revenue in the proportion ofthe peace revenue: moreover, the effect ofthe act prohibiting the importation of certain artieles necessarily increases the demand and enhanees the value of those which may be lawfully imported; and the high price they bear will produce extraordinary importations, and in part compensate for the prohibition to export any thing in return ; to this may be added the duty on salt, the operation of which is yet but partial. T o the amount o f t h e defalcation o f t h e revenue caused by the embargo whatever it may be, must be added the difference between the amount of the interest payable in the year 1814 on the loan of that year, and the whole a m o u n t o f t h e interest on the said loan payable in the year 1815, as well as that part of the interest which may be payable in the year 1815 on the loan of that year. The sum of these items will be required 504 REPORTS OF' T H E [1813. for the year 1615, in addition to the revenues now established, except 430,000 dollars, being the difference between the estimate increase in the receipt of the internal revenues and direct taxes, and ihe 770,000 dollars remaining to be provided for in the foregoing estimate. Willi these considerations, it is submitted whether it may not be expedient and prudent to provide new revenues, capable of producing either the whole, or such part of the 770,000 dollars unprovided lor, as may appear necessary to fulfil the public engagements, and secure to the financial operations of the Government the confidence, stability, and success which is due to its fidelity and to the ample resources of the country. All which is respectfully submitted. >V. JONES, Acting Secretary of the Treasury. T R E A S U R Y D E P A R T M E N T , January 8 , 1 8 1 1 . A. STATEMENT exhibiting the amount of duties which accrued on merchandise, tonnage, passports and clearance, • of debentures issued on the exportation of fore irn merchandise • nf »,«#/,»,„/. f r Si «"<* clearances, oj expenses of collection, during the years 1811 2 ? ' 7 ° "nd dances, and for DCTtES OS Years. Merchandise. 1811 1813 1 810,427,413 31 14,990,188 51 * A STATEMENT Tonnage. 8134,363 30 155,353 00 Passports and clearances. 819,737 70 14,938 00 Debentures issued. Bounties and allowances. Gross revenue. Nett revenue. 00 E O 50 n -a 83,337,345 00 1,543,633 19 8784 13 88,343,484 08 8440,929 46 a 13,617,847 33 475,838 95 a Gross revenue for the year 1813 Deduct interest and storage 813,617,847 32 31,008 33 Gross revenue, per statement B 13,586,838 99 87,902,559 63 13,143,008 37 - - Foreign tonnage Total amoont of tonnage employed in the foreigD trade of the United S t a t u - Proportion of foreign tonnage to the whole amount of tonnage employed in the foreign trade of the United States pa o of the amount of American and foreign tonnage employed in foreign trade for the year 1812 taken from the records of the Treasury. ~ American tonnage in foreign trade Expenses of collection. £ ~ Tons H M M H W M & e3 SO 667,999 47,099 715jQ98 6.6 to 100 o <w 506 REPORTS OF' T H E [1813. B. STA TEMENT exhibiting the value and quantities, respectively. of merchandise on which duties actually accrued during the year 1812, (consisting of the difference between articles paying duty, imported, > and those entitled to drawback, re-erported;) and, also, /Ac nett revenue which accrued, during that year, from duties on merchandise, tonnage, passports, and clearances. OOOM PA TING DCTUM AD VALOREM 3,576,643 dollar*, at 12* per cent. 14,£44,367 do. 55 do. 893,816 da 15 do. 4,354,056 do. 30 do. 49,506 do. 20 do. 1014,996 do. 40 do. a Additional duty on 823,827,414, at 2* per d . 38 75 90 80 20 40 35 6,247,650 78 23,827,414 Spirits, 2,764,135 Do. 1,338,593 Sugar, 38,647,755 Do. 21,518,327 Wines, 789,413 Do. 662,499 Tea«, 2,258,514 Do. 386.815 Coffee, 10,994,700 Do. 5,155.476 Molasses, 5,651.471 Do. 1,721,977 All oCber articles S417,080 3,711,091 134,076 1,306,216 9,901 43,598 505,685 gallons, do. pounds, do. gallons, do poinds, do pounds, do. gallons, do. at 2 7 . 6 56 6 at 2 . 5 5 at 29.4 58 3 at 21.4 44.9 at 5 10 at 5 10 . . -ents average do. do. do. do. do. do. do. do. do. do. do. do. do. do do. do. do. do. . 761,791 758,760 979,552 1,078,569 232,040 3%,958 484,541 173,06n 549,735 515,517 282,573 172,197 488,131 68 78 48 25 97 82 32 30 00 60 55 70 88 13,110,050 II T o which add—Ditties collected on merchandise, the particulars at which could not be ascertained, after deducting therefrom duties refunded, and difference in calculation . . . . . . 34 per rent retained on drawbacks Extra duty of 10 per cent, on merchandise imported in foreign vewels . . . . . . Extra duty of 15J per cent, on merchandise imported in foreign vessels . . . . . . Nett amount of duties on merchandise Duties on tonnage . Light money . - Duties on passports and clearances 86,065 63 913,195,135 74 55,974 97 21,278 65 144,168 63 165,447 28 13,416,55799 131,325 01 24,027 99 155,353 00 14,928 00 Grow revenue, as per statement A Deduct expensea of collection Nett revenue . . . . 13,111,000 0* 1313.1 SECRETARY OF THE TREASURY. 507 Explanatory Statements and Notes. « AddiUooal doty of 2| per cent . . . . . 3 | pet c*nL rrtainrd ua drawback . . . . . Extra doty of 10 per cent, on merchandise imported in foreign vessels $595,685 35 786 54 1,143 00 597,614 89 55,255 gallons, at 28 cents 1st proof, 16,12 56 do. do. 1st da 114 do. 29 do. 2d do. do. 25 do. Other materials, lst and '2d d o 1,116,696 do. 50 do. 464,531 lst and 3d do. do. do. 3d d o 1,063.759 do. 56 do. 417,126 3d do. do. 32 do. 527,246 4th do. da 64 do. 425,677 4th do. do. 38 da 224 5th do. do. 76 do. 14.H32 5th do. do. 46 do. 841 6th do. i Spirits—prain • - - 35,976,034 pounds, at 2§ cents 20,253,0o7 do. 5 da - 2,671,721 do. 3 do. 1,265,290 do. 6 do.) White 60,166,082 d Wines—Madeira, lst lst 2d 2d quality do. do. do - Borgondy and Champagne Sherry and St. Lncar • Claret, &c-, in bottles - Lisbon, Oporto, &c. Teneriffe, Fayal, and Malaga All other, in casks 53,175 gallons, at 58 cents 116 do. do. 53,116 50 do. do. 21,166 100 do. do. 3,619 45 do. do. 1,052 90 do. do. 514 40 do. do. 16,153 80 do. do. 11,073 do. 35 do. 15,536 70 do. do. 8,339 30 do. do. 38,733 60 do. do. 52,287 28 do. do. 371,925 56 do. do. 287,613 23 da do. 271,673 46 do. do. 245,938 Soochong - Hyson Other gTeen 41,342 45,691 40,380 303,708 112,169 1,818,571 191,924 85 85 63 40 30,842 61,014 10,583 3,619 473 462 6,461 8,858 5,437 5,837 11,619 31,372 104,139 161,063 62,484 113,131 08 56 00 00 40 60 20 40 60 30 90 20 00 28 79 48 617,999 79 do. do. do. do. da do. do. 12 24 18 36 32 61 20 40 cents do. do. do. do. do. do. do. 10,865 9,922 8,234 14,536 97,186 71,788 363,714 76,769 28 08 38 80 56 16 20 60 4,602 56 Extra don on teas imported from other places than India - 899,400 1,002,651 80,151 75,917 2,058,121 73 1,451,912 « Teas—Bohea 40 12 06 00 50 52 56 72 28 12 32 86 1,5-20,482 46 4,102,728 c Sugar—brown 15,471 9,199 33 279,174 232,265 297,852 233,590 168,718 272,433 85 11,272 386 2,644,329 657,609 62 508 [1813. REPORTS OF THE Explanatory Statements and Notes—1Continued. Quantity. / All other articles, TO: Bate E i c o n of E K W of of importation exporta- doty. orer ttporu- ti«*> orer importation. Escess of duties over drawback. Cents DomesUc spirits, 1st proof, gallons 1st do. do. 4th do. (from molasses) do. Beer, ale, and porter do. Beer, ale, and porter do. Cocoa . . . pound* Cocoa do. Chocolate do. Chocolate • do. Sugar randy • da Sugar candy • do. Almonds • - d a Almonds . do Fruits—Currants do. Currants • da Prunes and plums do. Prunes and plums do. FiT" da Figs do. Ba a t e , in jar?, Ac. do. Baisins, in jar*, Ac. do. Baisins, all other • do Baisins. all other do. Candles—Tallow . do W a x or spermaceti do. W a x or .spermaceti do. Cheese . do Cheese . . . do. Soap do Soan do Tallow dp Tallow do. Spices—Mace do. Nutmeg"* • do. Cinnamon . do. Cloves . do. Pepper do. Pepper do Pimento • . do. Pimento do. Cassia do. Cassia • do. Tobacco, manufactured, other than snuff and segar* • do. Tobacco, manufactured, other . do. than snuff and segars Snuff da Snuff . do. Indico do. fndi«o do. Cotton . . . do. Cotton . . . do Starch . . . do Starch do 28 1,219 7 U 233 496 46,030 4 748,637 f07 HI 179 58 4 3 6 34 8 Ml 83 8 61,022 4 8 33.5fr» 134.495 44,090 4 8 1,694 237,ITS 13,711 40-2,-JSH 4 2 4 2 42,066 •48.615 1,475 4 11 4,492 4,318 8,088 12 14,713 7 14 8,281 8 1*17,236 184,196 493,9!»1 128,669 4 II 3,750 18,369 15,028 4«.236 69,681 132,138 94,639 53,345 166,596 50,238 3 2 6 3 36,386 389 4,179 79 29 39 6N 7.366 84 572 48 29,945 4* 85 II 4 N6 80 59 II 96 6,764 10 8,440 671 5,379 881 67 4,743 549 8,045 88 84 80 HO 76 56 64 76 1,6N* 64 6,729 82 44 85 8*9 08 250 1.039 1,150 2,144 7.367 56 91 94 72 84 19,294 4,180 15.866 3,785 4,267 6.663 4,010 40 86 56 56 60 84 84 7 ( M 86 3,Ni0 07 186 50 80 40 6 18 4 8 4 8 130 33 8,172 5,077 38 356 9,663 67,734 SI 96 170 66 18 10 80 25 50 3 6 3 6 609 3 71 2,415 33,867 1,061 51,561 11 250 24 80 00 75 00 58 58 67 74 1813.] 509 Quantities. / All other articles, viz : Gunpowder Glue Glue . Iron—anchors and sheet anchors and sheet slit and hoop slit and hoop Pewter plates and dishes Nails K . Spikes Quicksilver Quicksilver Paints—ochre, in oil dry, yellow Spanish brown Spanish brown while and red lea< white and red lead L«ad. and manufactures lead ,Lead. and manufactures lead Seines Cordage, tarred tarred uniarred un tarred Cables 8teel Steel Hemp Hemp Twine Twine Glauber salts CoalCoalMaltFish—-dried or smoked dried or smoked pickled salmon mackerel all other all other Glass—black quart bottles black quart bottles window, not above by 10 inches window, not above by 10 inches window, not above 10 by 1-2 inches window, not above 10 by 12 inches window, all above window, all above Segars Segars Excess of importation over exportation. pounds do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do do. do. do. do. do. cwt. do. do. do. do do. do. bushels do. do. quintals do. barrels do. do. do. gross do. 100 sq.ft. Rate Excessof of exporta- duty, tion over importation. Centf 6,414 8 4 8 9,608 42,130 101,659 KM,491 176,131 423,422 4,430 739,462 94,874 74,386 9,579 336 91,573 4,533 22,135 87,751 1,133,148 H 3 1 2 8 4 2 6 12 3 1 1 2 2 4 405,271 1 826,955 686 83,969 153,786 46,139 23,184 2 8 2 4 21 33,557 2,332,223 5,626,212 17,529,323 293,300 125,221 566,303 6,306 4,737 96,456 6 Excess of Excess of duiies over drawback diawback. over duties. 5 2 100 200 100 200 40,1 $513 12 384 32 3,370 40 1,524 88 12,134 73 1,761 31 8,468 44 354 40 29,578 48 1,897 48 4,463 16 1,149 48 10 08 915 73 45 33 442 70 1,755 02 45,325 92 4,052 71 16,539 54 1,679 6,151 1,153 1,159 10 88 38 44 47 20 2,332 11,253 17,529 587 502 4,534 27 236 9,645 1 71 21 96 50 75 21 21 85 60 20 50 00 00 20 20 00 00 00 9,095 690 86 73 380 925 2,470 800 400 5 10 20 50 100 200 120 40 80 60 120 1,413 160 2,260 80 1 9,095 1,380 103 29 304 555 2,964 do. 3,952 320 12,646 40 do. 151 175 264 25 do. do. do. M. do. 2S2 350 225 450 200 400 26 463 7,745 2,668 987 58 2,083 15,490 10,672 00 50 50 00 00 $671 14 [1613. R E P O R T S OF T H E 510 Explanatory Statements and Notesr—Continued. Quantity. Hate / All other articles, vix: of Excess of ; Excess of importation j exporta- doty. over exporta- tion over impona- E x c e w of duties over drawback. Excess of drawback over du- ««• Cent* Boots P* i r * Boots . do. Shoes and slirrx-rv—silk do. silk do. kid and morocco do. kid and morocco do. children's • do. children's do. - dozens Cards, wool and cotton Paints, ochre, dry yellow - pound* 150 75 85 'JO 15 30 10 414 1 3.099 58! 6,943 5,144 53 106 90 3 7,765 2 50 S&ll 00 75 993 00 930 1.041 1,543 5 91 1 155 50 45 90 30 00 50 90 5119 .789 96 14,637 38 Deduct exccss of drawback over do ties - m 914,637 38 488,111 88 TREASURY DEPARTMENT, Registers Office, December 0, 1813. JOSEPH . NOURSE, Register c. CD STATEMENT of the lands sold in the districts of Marietta, Zanesville, Steubenville, Canton, Chillicothe, Cincinnati, Jcffersonville, anti Vincennes, from Oct. 1, 1812, to Sept. 30,1813 ; showing, also, the amount of receipts from individuals and payments made by receivers, during the same time, tpi'M Me balances due, 6o//t on Oc/. 1, 1812, awrf Oc/. 1, 1813* w CO Lands sold, after deducting lands reverted. Lands reverted. Receipts by receivers. Payments by receivers. 50 M H 50 In the hands Due by indiof receivers, viduals, Oct. October 1, 1, 1812. 1812. Offices. Acres. 3,569.63 Marietta 25,611.80 Zanesville 47,107.85 Steubenville 23,410.3.1 Canton 21,006.07 Chillicothe 90,619.06 Cincinnati 31,654.53 Jeffersonville a 13,366.31 Vincennes 256,345.58 $7,462 51,863 108,389 46,820 44,368 211,593 63,309 26,732 36 CO 76 66 98 54 06 62 5,005.38 5,706.86 700.00 13,198.11 81,812.03 784.00 16,365.03 560,540 58 123,571.44 a T h i s is the total quantity sold at Vincennes On nc't of pur- On account Into Treasury. chase money. of forfeitures. Acres. Purchase money. $5,845 86 13,831 51 11,774 71} 35,419 88 55,014 4H) 46,815 53J 12,38-2 821 3,009 771 $22,576 148,874 208,716 125,235 76,879 790,882 127,926 98,014 98 64 811 32 01J 47 761 304 184,091 13} 1,599,106 334 M O $6,887 59,113 96,129 47,565 54,449 300,593 57,254 21,062 47 05 614 104 974 734 65 154 643,055 754 $2,351 2,607 70 7,500 42,408 78 8,242 85,105 00 75 57,851 01 714 83,450 65 00 27,421 67 00 105,402 53 65 360,939 49 40 54,420 40 534 21,977 60 63,262 08 761,568 35 T h e part for expenses. $604 2,551 3,317 2,568 2,166 10,200 2,518 1,743 Repayments. IT) 23 $294 00 386 734 35 58 52 98 21 194 982 914 35 94 108 29 25,669 954 1,824 92 T h e lands reverted exceeded the lands sold in that office, during the period embraced by this statement. O "3 M ^ 50 H fe G 5d CM S T A T E M E N T C—Continued.] Total sales of land, from the opening of the land offices A c r w to October I, lKl'J Amount sold since, as above stated - Balance due 1st October, 1813 Offices. From individuals By receivers. U Total balance doe October 1, 1813. S? 4,OW,863.(6) Deduct lands reverted at Vincennes; the quantity reverted there during the last year, being greater than the quantity sold thete during that period, could not be dedocted from the >alea at that office • • • I6.36J.IM 4.006,48H 63) Marietta Zan^Tilte Steubenville • f anion Chillicothe <Y innati Jeffersonville • Vincennes S23.I51 141,625 *}0,976 184,4'JO 66.79N 701,882 133,9HI 70,961 87 19 96 87) 05 87) 17) 71 37,084 14,603 93,357 8.061 9,348 17.695 19,777 8,«m 83 10 34 73) 96) 32 181 631 »30,176 156,288 244,334 138,555 76,140 719,577 146,758 79,438 10 *9 30 61 30) 50) 30 34! Balance due by individuals, 30th September, 1819 Amount of land sold since Deduct amount of lands reverted at Vincennes Received on a r c o m l of purchase money • Balance doe by indiridnali 1.483,861 10) GENERAL 101,348 74) LAND OFFICE, December - 3 7 , 0 8 0 , 4 8 4 36 560,510 58 8.541,1184 94 38.730 06 8,508*,294 8J PJ 8 , 1 5 9 . 6 4 6 91) 39,730 06 5» -a 09 o 9J126.9I6 H6) 643,056 76) 1,483,861 10) —. K 1.586,909 84T 20, 1813. 30 1,599,106 33) 560,540 58 EDWARD TIFFIN, Commissioner of the Getieral Land Office. Ca. 0/ the ands t[ sold <x> lhe STATEMENT , Wssissippi Territory, from the 1st of October, 1812, to the 30th September, t «» 1813; showing, also, ^amount of receipts Jrom individuals, and payments made by receivers, during thc same time; with the balance due, both on the of October, 1812, and 1 st of October, 1813. I Offices. Madison county W e s t of Pearl river East of Pearl river - Lnnds soli , afler deLands ducting lan •s reverted. reverted. In hands of receivers, lst October, 1812. Acres. Acres. Dollars. 21,194.09 42,527 08 5,844.62 11,689 24 3,221.27 6,442 54 Receipts by receiPayments by receivers, j Balance dne 1st Oct. Due by indivers. 1813. viduals, 1st October. 1812. On acco'ni On ac't Into thf T h e part Repay- Prom indi- By receiofpurchase of forfei- Treasure. for ex- m e n t . viduals. vers. money. tures. penses. 484.42 8,783 411 195,975 624 55,364 751 798.26 44,799 25 341,918 39 23,540 05 325.10 10,226 664 115,174 27 | 4,557 601 ! 30,260 88 60,658 86 1,607.78 63,809 321 653,068 18183,452 41 1 48 00 80 00 16 36 41,545 41 2,494 72 160 00 183,147 851 I!>,!IH<; 031 18,101 32 1,619 87 132 82 330,067 58 48,562 29 117,059 901 14,800 63 144 36 59,619 73 4,114 59 292 82 630,274 631 83,348 951 TOTAL SALES Or LAND. Offices. Madison county W e s t of Pearl river East of Pearl river - Total balance. $203,133 89 378,629 87 131,859 631 713,623 591 Amount of lands sold from the opening of the land offices to the lst Oct. 1812 Amount sold since, as above stated . „ . „ . EDWARD - 484 f 89 30'260.88 1 003 m o n 6oV>58 86 Total 514,442.77 1,063,831 8 9 | CO GO a Q ?3 M H >• 50 o hM S3 H to W <y> ci !*> TIFFIN, Commissioner of the General Land Office. Not*.—The lands sold east of Pearl river, since 1st July, 1813, are not included, the returns not having arrived T h e payments made by receiver east of Pearl river are not stated; several of his returns not bavin-' arrived' Both oi those commissions will be brought into the next annual statement. ° U1 ' 1VCU * Ot l—l CO c« Redemption frt»m I 1> I s 1lo 30th September, 1813. Redemption from Total priuripal 1st April, 1801, redeemed front to 50»h Septem- 1st April, MM, ber 1819, r*rihe lo 30th .September, 1813. . retary * report of 4th December, 1819. !» K 3 T h e amount of warm ota im Ibe Treasurer o f t h e United States, on account of the intrrestof the domestic debt, and of the reimbursement of the old six per cent, and def. trod rtoelM, «r«n the l»t October, 181*2, to the 30th fceptember, 1813, exclusive of a repayment of H O W 4J »nd »r the reimbursement of the residue of ifce cou vetted 6 per cent, stock, and o f t h e po' 1 ^®* isiana slock, aix per cent, stork ol 1812, and otdeferred slock, as Mated below, waa #1,901.161 -W Deduct interest which act*riled duriog ihe >ame period, calculated 2,410,369 83 f a r t a r yearly Reimbursement of old six per cent, and deferred stocks Reimbursement of the navy six per cent. slock Reimbursement of ihe five and a ball' percent, sloek Reimbursement of the four and i half per cent, stock • Reimbursement and purchase of eight per cent, stock Reimbursement and )*>r»-haH> »( exchanged slock Reimbursement of converted stock Purchase of Louisiana six per cent, stork, (cost $205.0*1 76) Purchase ol six per cent, stock at 1812, (c»«t #322,960 35) Purcha.se of deferred stock, (cost 49.601 77) Payments for lands in certificates of the debt of the United Stales Payments to foreign officers, and for certain parts of the domestic debt Reimbursement of domestic loans Reimbursement of Treasury notes • Reimbursement of the foreign debt ^ i 41,493,798 60 €14,836,449 96 711,700 00 1,817,500 00 176,000 00 565,318 41 .W.OOO 00 >21,-00 00 9,650 JO 401 18 100,000 00 6,359,600 6,993,35! 1,294,459 118,500 00 19 29 CO 268.940 70 92,009 H9 3,440,000 00 500,000 00 10,075*001 00 3,201,368 39 45,512,800 96 $16,330,241 711,700 1,847,500 176,000 6,359,600 6,233,351 1.K59.770 3-26,500 324 ,'.00 9,650 268,240 92,411 3,510,000 500,000 10,075,001 56 00 00 00 00 12 TO 00 00 '20 70 07 00 00 00 48,714,169 35 X W" CD T h e amount of stock purchased daring the jrear ending on th« "Oth September, 1813, was • V i z : Louisiana stock Six per cent, slock of 1813 Deferred stock T h e snm paid from the Treasury for the same, was - 83fltf,000 00 - £541,850 20 324,200 00 9 , 6 5 0 30 - 537,583 88 Making a difference o f • W h i c h sum, deducted from that here stated as the amount of debt iet&*Q Ca i n the year ending September 30, 1813, viz 4,200 32 3 , 2 0 1 , 3 6 8 39 S h o w s the amount actually paid from th- Treasury daring that year on a c c o s t of the reimbursement of the principal of the public debt 3 , 1 9 7 , 1 0 3 07 TREASURY DEPARTMENT, Register's £ Office, January 8, 1814. JOSEPH NOURSE, Register. n o M H fe O H X H H SO Pi fe r; so ST A TEMENTof receipts and payments at the Treasury o' the United States, from the 1st of October, 1812, to the 30/A September, 1813. Cash in Ihfl Trea-sury, subject to warrant, October 1, 1812 39,369,652 69 Received for the proceeds of the customs $ 12,306,491 86 Arrears if internal revenue and direct tax 8,171 88 Sales of public lands 830,671 53 Copper coinage . . . 6,960 00 Fees on patents . . . 5,730 00 Postage of letters . . . 39 7»> Saline near the Wabash 7,400 00 Public property sold . . . W6 30 Consular receipts for seamen 115 28 Finea, penalties, and forfeitures 9,422 46 Prise money . . . . 80,691 39 Interest on Treasury notes . 300 00 Repayments . . . . 98,661 41 13,568,049 43 Loan of 911,000,000, per act of March 14 1819 . . 4,337,487 50 Loan of 3 16,000,000, per act of February 8, i8i3 r . . 14,488,125 €0 Treasury notes, per act « f :MM"ii V' m H A June 30, 1819 - # 4 , 8 9 8 , 3 0 0 00 Treasury notes, per act of February 25,1813 •1*1,000 00 5,151,300 00 93,976,91? JO Payments on the following accounts, viz: Civil and misce'ianeons expenses, bet\ foreign and domestic. Civil department, proper Orants and miscellaneous claims Military pensions . . . laghl* bouse establishment Marine hospital establishment Mint estahlishmeat Public buildings in Washingtoo, and far niture for President's house Prisoners of war Second and third census Contingent expenses of Oovern*>«»i Purchase of books for Cong*6-'" * Privateer pension fund Aseeitaimng land-title* Lootsiana • WiW Surveys of pnbli- Uuids 17,179 88 Survev of <*>e coast of the United Stales road . $53,358 99 R„~H in Ohio, and nnder the treaty of Brownstown .« 27,500 00 Trading-houses with the Indians Diplomatic department • 397,600 Contingent expenses of foreign intercourse 69,762 Treaties with Mediterranean powers 51,015 Relief and protection of seamen 39.443 Claims on France • 4,687 3845,719 105,875 87,103 138,369 53,296 I5.0VT 66 83 72 35 45 W 18,073 111,093 2,177 615 00 42 12 00 I,000 00 8,197 97 96,598 68 3,127 50 80,858 99 16,883 2H 61 47 00 71 50 192,539 99 31,705,916 35 Military expenses, vix: Military department, fortifications, ordnance, militia, volunteers 18,291,991 49 Indian department . 192,759 00 IS'aral expenses, 18,484,750 49 vix: Naval department, marine corps, navy yards _ 6,420,707 20 Public debt, t*ix: Interest and charges Reimbursement of principal . . Balance in the Treasury subject to warrant September 30, 1813 . . 3,120,379 08 3,197,102 07 6,317,481 15 - 6,978,752 43 39,907,607 6*2 39,907,607 62 CT4 TP MP\T s [1813. REPORTS OF' T H E 518 of moneys received into the Treasury mI f* per annum. at the r a U during the year per cent. * of 5 Notes issued under the act of the 30th of June, 1S12: Received at the S t a t e Bank, Boston Manhattan Bank, New 1 ork Mechanics' Bank, New York New York State Bank, Albany Bank of Pennsylvania, Philadelphia Bank of Columbia, Washington Union Bank, Georgetown Columbia Bank of Chillicothe, Chillicothe Miami Ejgwrting Company, Cincinnati Bank of Kentucky, Frankfort $400,000 400,000 600,000 179,800 185,600 100,000 50,000 49,100 - 100,000 100,000 1*2,164,500 Notes issued under the act of February 25, 1813: Received at the Cumberland Bank. Portland Merchants' Bank, Salem State Bank, Boston Manhattan Bank. New York Mechanics' Bank. New York Bank of Troy, Troy, New York Bank of Pennsylvania, Philadelphia Bank of Columbia, WaAington ^ Farmers' Bank of Alexandria Planters' Bank, Savannah 8100,000 " 30,1)00 1,000,000 250,000 750,000 100,000 1,000,000 200,000 2(10,000 300,000 $3^930,000 1S14.J SECRETARY OF THE TREASURY.'g 519 G. L O A N O F S E V E N MILLION F I V E H U N D R E D T H O U S A N D DOLLARS. T h e annexed notification, marked G a, was issued 011 the 30th of August, 1813: and, in pursuance thereof, proposals were received on the 25th of September, for loaning money to the United States, on a six per cent., to be received by the lenders at various rates, amounting in the whole to 12,791,500 dollars. A copy of one of these proposals is annexed, marked G b \ the others were substantially of the same form. After rejecting those least favorable to the United Statos, and apportioning, by an equal rule among those that were accepted, the sum that was to be received on loans, the following proposals for the sums annexed to each were accepted, by a letter addressed to each of the persons making the proposals, in substance the same as that annexed, marked G c, viz: $2,152,000 00 Jonathan Smith, of Philadelphia 1.435,000 00 Jacob Marker, of New York 1.435,000 00 Ralph Higiubotham, of Baltimore 468.000 00 Quinton Campbell, of Philadelphia 288,000 00 Fitz G. Halleck, of New York 221,000 (JO Thomas W. Bacot, of Charleston, S. C. 151,000 00 William Cochran, of Boston 147,000 00 George T . Dunbar, of Baltimore 144,000 00 G. B. Vroom, of New York 144,000 00 Henry Kuhl, of Philadelphia 144,000 00 Isaac McKim, of Baltimore 118,000 00 Whitehead Fish, of New York 11S,000 00 John Du^r, of Baltimore 110.000 00 William G. Cochran, of Baltimore 108,000 00 4 Jacob G. Koch, of Philadelphia 73.000 00 William Whann, of Washington 72,000 00 James Cox, of Baltimore 72,000 00 Thomas Gumming, of Augusta, Georgia 100,000 00 T h e navy pension fund $7,500,000 00 And the aforesaid sum of $7,500,000 was made payable at the following places, viz: • $75,000 00 At Wiscasset, Maine 2,025.000 00 New York 36,000 00 New Brunswick, N. J. 2.384,000 00 Philadelphia 2.5U.OOO 00 Baltimore ' 73^000 00 Washington 100,000 00 Washington, navy pension kind 221,000 00 Charleston, S. C. 72,000 00 Augusta, Georgia * §7,500.000 00 6a6 R E P O R T S OF THE G ' [1814. A. NOTICE. TREASURY DEPARTMENT, August 30, 1813. Whereat, by an act of Congress, passed on the 2d day of August, 1813, the President of the United States is authorized to borrow, on the credit of the United States, a sum not exceeding seven million five hundred thousnnd dollars: And whereas, the President of the United States did, by an act or commission under his hand, dated the 7th day of August, 1813, authorize and empower the acting Secretary of (lie Treasury to liorrow, on behalf of the United States, the aforesaid sum of seven million five hundred thousand dollars, pursuant to the act of Congress above recited: PUBLIC NOTICE IS THEREFORE H E R E B Y GIVEN, That proposals will be received by the acting Secretary of the Treasury, until the twenty fifth day of September next, from any person or persons, body or bodies corporate, who may offer, for themselves or others, to loan to* the United States the whole or any port, not less than one hundred thousand dollars, of the aforesaid sura ofseVen million five hundred thousnnd dollars. The stock to be issued for the money loaned will bear an interest of six per cent, per annum, payable quarter-yearly; and the proposals must distinctly state the amount of money offered to be loaned, and the rate at which the aforesaid stock will be received for the same. The amount loaned is to be paid into a bank or banks authorized by the Treasury, m instalments, in the following manner, viz: One-eighth part, or twelve dollars and ht'ty cents on each hundred dollars, on the 15th day of October next. One-eighth part, on the 15th day of November next, One fourth part, or twenty-five dollars on each hundred dollars, on the 15th day of each of the ensuing months of December. January, and February next. ' The proposals must specify the place where the money is to be paid. If proposals differing in terms from one another should be accepted, the option will be allowed to any persons whose proposals may be accepted, of taking the terms allowed to any other person whose proposals may beacVl» IHtAi • No proposals will be received for a sum less than one hundred thousand dollars; but a commission of one eighth of one per cent, will be allowed to any person collecting subscriptions for the purpose of incorporating them in one proposal, to the amount of one hundred thousand dollars or upwards, provided that such proposal shall be accepted. A commission of one eighth of one per cent will also be allowed to the cashiers of the banks where the payments shall be made; who will issue scrip-certificates to the persons making the payments, and will endorse thereon the payments of the several instalments when made. On failure of payment of any instalment, the next preceding instalment to be forfeited. The scrip-certificates will be assignable by endorsement and delivery; and will be funded after the completion of the payments, upon presentation 1S14.J SECRETARY OF THE TREASURY. ' g521 by the proprietor to the commissioner of loans for the State where the rpavy m its nave U*n made. 10 issued wlH .f 1 !le ^ ^ ^ 5? ** irredeemable till the 31st day 1 J' } f be transferable in the same manner as the other , T l funded stock of the United States; and will be charged for the regular and quarterly payment of its interest, and for the eventual reimbursement of its principal, upon the annual fund of eight millions of dollars appropriated for the payment of the principal and interest of the debt of the United States in the manner pointed out in the aforesaid act of the 2d of August, 1813. W. JONES, Acting Secretary of the Treasury. G b. C I T Y OF W A S H I N G T O N , September 2 5 , 1 8 1 3 . SIR : Having, agreeably to the terms of your public notice of the 30th of August lost, collected subscriptions for the purpose of incorporating them in <>ne proposal, I hereby propose to take of the loan of seven million five hundred thousand dollars, the sum of three millions of dollars, payable at 'he Bank of Pennsylvania On the following terms, viz: for every hundred dollars in six per Cent, stock, I will give eighty-eight dollars and twentyfive cents in money; or, for the privilege of paying the balance at any subsequent instalment after the first, J will give for*every hundred dollars of the aforesaid stock, eighty-eight dollars and fifty cents in money. 1 have the honor to be, With great respect, sir, Your obedient servant, T h e H o n . t h e S E C R E T A R Y OF T H E G JON A: TREASURY. SMITH. c. T R E A S U R Y D E P A R T M E N T , September 2 5 , 1 8 1 3 . SIR: More than twelve millions and a half of dollars were this day offered for the loan of seven and a half millions. The rate at which the loan >s taken, is eighty-eight dollars and twenty-five cents in money for each hundred dollars in stock. Your proposal for three millions of dollars of the loan, having been at this rate, has been accepted; but, in consequence °f thp large surplus offered, it has been necessary to reduce the amount allowed to you to two million one hundred and fifty-two thousand dollars. Upon completing the payment of this sum in the proportions and at the periods stated in the public notification relating to this loan, of the 30th of •August last, you will be entitled to receive stock at the rate above mentioned. If you shall desire, or any of the persons in whose behalf your proposal w <is made, to obtain the certificates of funded stock before the 15th of February next, (the day on which the last instalment of the loan will be payable,) it may be effected, by paying on any day fixed for the payment of an [1813. REPORTS OF' T H E 522 instalment, after the first, all the subsequent instalments; but interest will in such case be allowed only as if each instalment had been paid on the day fixed in the public notification of the 30th of August. \ on will lie pleased on receipt of this letter, to state to me the bank or banks in which the money will be paid : and if more than one, the precise sum payable at each: and on or before the 15th of October, will furnish the cashier or cashiers of snch bank or banks with the namos of the persons in whose behalf your proposal has been made, and the sums payable by each. The commission of on<M?ighth per cent, will be paid from the Ir. jury, after the payment of the first instalment on the 15th of October next I am, respectfully, sir, Your obedient servant, W. JONES, Acting Secretary of the 'IYcasury. JONATHAN S M I T H , E s q . , Philadelphia. 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. W h y 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 amouut, 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 compelled, 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, l JO. 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 compound, and 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 manufactures, 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 lst 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. supposititious 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, tariif 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, creaied 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, <2b0. amount ofthe, 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. 1803-4. 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 materials nujeriajs ^ for manmawun» ^ Expenditures.—See Receipts and Expenditures. Exportation.—Sec Re-exportation. F ^ < Finances, ,he effects of a nationalbauk in administering.be, centered, 54. Finances, state ofthe, in 1801, i ef>? 1802, 1803, 1804, 1805, 1806, 1807, H08, 1809; ^16. 252. 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,) 488. 1813, (December,) 499. 1814, 523. Fisheries, benefited by manufactures, 107. Florida, imports and exports to and from, for tho years 1799 to 1802.20a, 281 to 284. Foreign intercourse, expenses of, from 1801 to 1805, 325 — See Receipts and Expenditure*. Foreign officers, provision made in 1792, for paying certaui, 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, esumated. 141. 1. Imported articles, and 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 October 1800, to October 1802, 259, 2bS. 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, 18U0, 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 Revenue. Internal improvements, surplus revenue m a y b e applnxl 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, 400 423 418, 471, 491. ' ' ' ' Loans, foreign, amount of on 31st December, 1789, 31. Loans 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 49S; 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 lst 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. 368 INDEX. Mint, plan for the establishment of a, 133. expenses of a, how defrayed, 143, 150. Molasws^nported and" consumed from 1790 U> 1793, quantity of, 211. See Merchandise imjxjrled. N. National bank proposed to be established, 54. Navy expenses of 1802, estimated, £22. 1803, do 253. 1804. do 263. ISOo, do 2S6. 1806, do 298. from lst 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 1S07, 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 1790 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 1801 to 1805, 317.--See Revenue. Post Office, revenue derived from the, to be 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 consolidating the, proposed, 333,347 to 3oo. amount of the, in 1806, 349. Q 9 4 0 f ; i QKK estimated a m o u n t that maybe paid, m 1809 to 1824,354,30.;. amount paid in 1807, 358, 371. in 1811, 445,461. from April 1, 1801, to January 1,1812, 463. amount on J a : m a r y l l S 1 2 _ 1 4 6 , 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. 1904, 285, 291, 315. 1905, 297, 309. receipts from, in f W l to 1905, 31 / . sold in 1806, 331, 34*. 1907, 356. 368. 1908. 373, 385. 1809.398, 411. sold from 1800 to 18(0, 421, 432. sold in 1811,448. , tI . JJO may be applied as a bounty to soldiers enlisting, 44b. sold in 1M2, 478. 1813, 511. 1814,550. * m Public vessels sold, 222. I ] 3 | R. Receipts and expenditures, estimated for 1790, 45, 53. 1795, 170. comparative view ofthe, for 1795, 214. in 1801, 216. 1802, 252. 1803. 262. 1804,285. ^ from April 1,1801, 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. 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. an increase of, proposed, 219, 242, 378, 401, 424, 448. W4from what sources derived, and the amount in 1795, * 1801,216- s „lT 1801 to 1805,317. 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 January, proceedingsofofthe, the,toin1st1802, 260. 1795, 167, 1/1, -411. 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 mortal " WgS&SffSV^X Merchandise imported. Snirits foreign and domestic, additional duties proposed on, M. Stamp dutfesexpire 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 t h e , 1 M . ^ Z & M SSSrESbTlW S u r p l ^ u f quantity of, 2 4 , - S e e to internal improvements, 359. T. j ho lovipd 449. 490.—See Direct taxes. Taxes, internal, proposed to be kmea - 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. 1811', 473. 1812, 805. 1813, 544. Tontine, proposed as a plan for funding the public debt, 20, 45. Treasury notes, amount authorized in 1812, 469, 492. treasury u 1813,492.499,518. 1814, 525. 528, 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.
@FedFRASER