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T A B L E k k OF C O N T E N T S * Mr. Hamilton on Public Credit ^Report by Mr. Hamilton on a National Bank J ^ Report by Mr. Hamilton on Manufactures J. Report by ^^Report by Mr. Hamilton on Establishing a Mintt ^wieport 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 ..Report 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 3 1790 54 1791 78 1791 133 1795 157 1801 216 1802 1303 252 262 1804 1305 297 285 1806 331 1807 35G 1808 373 1809 1S09 391 398 1810 1811 421 443 1812 468 488 1813 1813 499 1814 523 216 REPORTS OF T H E REPORT ON T H E [1801. FINANCES. DECEMBER, 1801. , In obedience to the directions of the act supplementary to the act entitled " A n act to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report and estimates. T h e permanent revenues of the United States, according to the laws now in force, consist of—1st, duties on merchandise and tonnage; 2d, internal duties on stills and domestic distilled spirits, refined sugar, licenses to retailers, sales at auction, and pleasurable carriages: 3d, proceeds of the sales of public lands: 4th, duties on postage; 5th, dividends on shares in the Bank of the United States; 6th, incidental, arising from fees, fines, and penalties, repayments into the Treasury, and sales of public property other than lands. 1. Duties on merchandise and tonnage.—The receipts'into the Treasury, arising from that source, have amounted, for the year ending on the 30th September 1801 to $10,126,213 92. If to this sum be added the draw backs paid by collectors on the exportation of domestic distilled spirits and refined sugar which are a charge on the internal revenues, and that part of the additional duties, laid in the year 1800, which did not operate during the year to which those receipts refer, the sum which would have l>een retired at the present rate of duties cannot be estimated at less than $10,500,000. T h e amount of duties secured on the 30th September last, and falling due in the course of the year 1802, compared with that of preceding years, justifies an opinion that had the importations and exportation continued Sir,n^T0P?S!SD; ,h0SeJ,Ur wou,d during the year 1802, near $11,000,000 havo brought into the Treasury, nUR J , l 7 u f V ! » l h r ™ C ! l ° f s , erec T ^ c t e d by the restoration of E Th* T n^ l^n J t ^ speculative conjecture than of calcuno £ d m h t o i l n i ? f r t 0 S U d d e n a n d c o n s ^ e r a b l e fluctuations, cannot be doubted; and, for that reason, a greater degree of correctness may be £ T T h J ^ Z J a \ e S r a t ( ; f o r a n u m b e r * y ^ than^or any one year. 1 ne period for which such an estimate should be made being arbirary, so far as relates to the revenue, that of the eight yoa^ 1802 t o ^ ^ o f t ^ H A i n reference to the p a y m e n t s ^ T m a d e ^ n account that Term of vears t n h n e ^, hole ^ e foreign debt being actually due within last v ^ o f t h a T S Z f i t e ? h t r c e m - s t o c k becoming redeemable the cafed^emt^blKlml ^ data°n which estimate maybe prediconsu mpt,on velrs ^ d t h e r J i ^ nf n ^ S p o r t e d articles during former r With a view to t h r ° ^ ^ P°P u I a t , 0 « ^ ascertained by the census- 1801.] SECRETARY OF THE TREASURY. 217 Those statements do not, however, show correctly, particularly for the last j years, the actual aiiuual amount of consumption; because, 1st, exportations to a considerable, but not precisely ascertained amount, have taken place under such circumstances as did not entitle the articles exported to a drawback; aud 2d, the amount of foreign articles remaining on hand at the close of the year 130U was much greater, in proportion to the respective population, than that on ham* at the commencement of the year 1790. Those causes which effect, to au inconsiderable degree, the years 1790 to 1792, and but partially those immediately succeeding, would, however, render any deduction drawn from thos documents, in relation to the years 1799 and 1800, altogether fallacious. The preceding nine years may be divided into two distinct periods: the first, from the 1st day of January, 1790, to the 31st day of December, 1792, includes the three vears which immediately preceded the European maritime war; the second includes the first six years of that war, viz : from the commencement of 1793 to the close of 1798. In order to obtain a distinct view, for each of those two periods, of the annual average consumption of foreign articles, and of the annual average revenue which, at the rate of the present duties, would have accrued thereon, the table L has been prepared, which shows that the nett annual revenue which would, at the preseut rate of duties, have accrued during each of those two periods, amount, on an average, for the years 1790 to 1792, to $6,163,000; and for the years 1793 to 179S, to $8,350,000. These sums constitute not the receipts into the Treasury, but the revenue which would have accrued during the respective years to which they refer. The first may be considered as the revenue accruing during the year 1791; the last, as that accruing during the year ending 30th June, 1790; and as, on account of the credit given for the payment of duties, the revenue accruing during one year constitutes nearly the receipts of the year ending nine months later, those two sums, and the receipts of the year ending on the 30th September, 1801, as above stated, may, without material error, be considered as the receipts of three distinct years, four years and a half distant each from the other, viz: For the year ending 30th September, 1792 - $6,163,000. For the year ending 30th March, 1797 - 8,350,000. For the year ending 30th September, 1801 - 10,500,000. The ratio of increase during the whole period of nine years exceeds seventy per cent.; whilst that of population, during the same time, was hardly more than thirty per cent. The ratio of increase, during the first period of four years and a half, is near 35£ per cent., and, during the last, more than per cent.; whilst that of population, for each period, was only at the rate of 14 per cent. The greater ratio of increase, during the first, than during the last period of four years and a half, is owing to the comparison, in the first being between a period of European peace and a period of European war; and, in the last, between two periods of European war. The ratio of increase of population being ascertained, by the census, to be at the rate of 34 per cent for ten years; if the increase of consumption shall oe supDosed to be, hereafter, precisely the same as that of population, the annual receipts of the eight years, 1802 to 1809, may be estimated as nearly hfty per cent greater than those of the years 1790 to 1792, or at a sum of near $9,250,000, if that period be assumed as the basis on which to predicate the estimate. But if the calculation shall be grounded on the revenue 216 REPORTS OF THE [1801. of the years 1793 to 1798, the annual receipts of the years IS02 to 1809 should be estimated as about 30£ per cent, greater than those of that period, or at about $10,900,000. It seems that those two respective sums may reasonably be considered as the two extremes which the average annual receipts of the eight ensuing years will not exceed. The first calculation, of $9,250,000, appears to be below the probable result; since, being predicated on rhe consumption of the three years preceding the Ruropean maritime war, without any other addition than that resulting from the ascertained increase of population, it rests on the supposition that the permanent wealth of the United States has not, during that war, increased in any greater proportion than their population; and that the whole of the external commerce acquired during the same period must necessarily be lost by the return of peace amongst foreign nations. Although, therefore, it be presumable that the receipts of some of those years will, from temporary causes, fall below that sum, it is believed that, taking the whole period of eight years, the duties on merchandise and tonnage may safely be averaged at a sura not less than 9.500,000 dollars. As a minute investigation of the several rates of duty now paid by the several species of foreign merchandise may perhaps suggest some advantageous modifications, a table of those rates is annexed to this report. \ \ ithout any view to an increase of revenue, but in order to guard, as far as possible, against the value of goods being underrated in the invoices, it would be eligible to lay specific cluties on all such articles now paying duties ad valorem, as may be susceptible of that alteration. Amongst such, the following have been suggested: fraits and spices, pickled and dried fish, oil, glue, several species of drugs, watches, gunpowder, and setrars. Legislative provisions seem necessary, in order better to define the restrictions under which the intercourse with the adjacent British and Spanish possessions shall be carried on in conformity with treaties; under which the articles of the growth or manufacture of the United States may be imported, free of duty, by the way of New Orleans, from the western parts of the Union to the ports of the Atlantic States, and from these to the interior districts of collection on the western waters; and under which, drawbacks shall be allowed on the exportation of foreign articles, •u 2-Permancnt internal duties.—The annual statement, prepared by the Commissioner of the Revenue, and which will be completed ill a few days precludes the necessity of exhibiting, here, all the details pertaining to this branch of revenue. The statement M is an abstract of its f o r th 2 t- ? e a r 1 8 0 0 ; Which, the duties on spirits and stills, S garS h ifjZ ? ' ! f n s e s 10 !: e t a i l e r s > s a l e s a t auction, and pleasurable carriages, P C e d a i . ,nett s " m 576,888 dollars and 80 cents. The duties on s & i Qn-*5 a'r ^e U n , dlenr€ l u e d a m o n ' sa tw st hthey will cease after the 4th day of e 2 fnr Iho ^ ^ ^ m a n e n t revenues, amounted for the same year to 209,853 dollars and 32 cents Both toother SKT.2? T ° 7 8 6 : 7 4 2 d 0 , I a r s M - T h e r e r e i p ^ i n t o ^ e Treasury from all the eternal revenues have amounted, for the year ending on the h " „ ~ \ , ' t.° 9 1 0 ' ? 1 9 dollars and 16 cents. Deducting t r o i n X J S ^ S S p r 0 C e c d o festimated amount of drawbacks paid durlhe external oofr rdomestic o l s r ^dcr i lm thesum exportation l e di spirits andj refined sugar,revenue, leaves aon nett of about f 1801.] SECRETARY OF THE TREASURY. 217 S54,000 dollars, and an increase of near 70,000 dollars beyond the revenue of 1800. The accounts of the last nine months being yet but partially rendered, it is not practicable to ascertain to what class of duties the increase belongs, ^ nor particularly to discriminate between the increase of the revenue arising from stamps, and that of the permanent internal revenues. Yet it is believed that these, exclusively of the stamp duties, may safely be estimated, for the average of the years 1802—1809, at an annual sum not less than 650,000 dollars. In order, however, to secure that amount, a revision of the system, so far as it relates to country stills, is essentially necessary. Whilst the owners of small distilleries, in some parts of the Union, complain of the operation of a tax raised on the capacity of their stills, that same regulation has enabled all those whose capitals are larger, and local situation more advantageous, especially in the middle States, to reduce the actual duty on the quantity of spirits distilled from grain to about three cents per gallon. But improvements have lately been introduced, which, by accelerating the process of distillation, will, according to the estimate of the Commissioner of the Revenue, reduce the duty on stills to about three-fifths of a cent per gallon of spirits distilled. The effect of these, on the revenue, has already been sensibly felt, in one of the most productive districts of the United States; and, unless it shall be counteracted, either by restricting laws, or by an increase of the duty on the capacity of the stills, or by a change of the subject of taxation, a considerable defalcation must be expected. Whatever mode may be adopted, it is respectfully submitted whether the revenue may not be benefited, and just grounds of complaint removed, by a repeal or modification of the clause which compels a yearly entry »f stills, in the month of June, under a penalty of 250 dollars, by a permission to persons who take short licenses to continue distilling beyond the time limited in their licenses, on paying a proportionate duty; and by reducing into one act all the laws in relation to duties on stills and domestic distilled spirits. It will appear by the same statement M, that, whilst the expenses of collection on merchandise and tonnage, which are defrayed out of the revenue, do not exceed 4 per cent., those on the permanent internal duties amount to almost 20 per cent. This, however, is an inconvenience, which, on account of the great number of individuals on whom the duties are raised, and of their dispersed situation throughout the whole extent of the United States, must, more or less, attach to the system of internal taxation, so long as the wants of Government shall not require any considerable extension, and the total amount of revenue shall remain inconsiderable. 3. Salts o f public lands.—The only data on which to calculate the annual revenue which mav probably be derived, for the ensuing eight years, from those sales, are the quantity of land at the disposal of Government, compared with the probable annual demand, and the actual sales which have taken place since the several land offices have been opened. The precise quantity cannot be ascertained, all the surveys not being yet completed, and the western boundary line of the Virginia reservation, from the head spring of the Little Miami northward, being neither surveyed, nor even the principle on which its course must depend determined by the terms of cession accepted by Congress. 216 REPORTS OF T H E [1801. The estimate N may, however, be considered so for correct, as to render it certain that the quantity of public lands northwest of the Ohio within the Indian boundary line, and not yet disposed of, amounts to very near nine millionsof acres. A general mapof those lands, including the Virginia reservation and the grants to the Ohio Company and to John C. Syinmes, which has been compiled from the survey of the Indian boundary line and from the draughts returned to the Treasury Department, will be transmitted to Congress, and will more clearly explain their relative situation than could be done by any written description. T h e statement O shows the actual sales which have taken place in the several land offices, to the 31st day of October last. By this it appears that 398,646 acres have been sold for 834,887 dollars; of which suin. 248,461 dollars have been paid, and 586,426 dollars remain due, being payable under the law in instalments, bearing interest from the date of sales, and* which will become due in the years 1802—1805, in the proportions exhibited in the statement. The quantity of land sold, either at the public foles of the three land offices ol Marietta, Chillicothe and Cincinnati, or at private sale at Steubenville, when the land office was first opened, cannot afford any just data on which to predicate an estimate of the probable annual sales; as they may be supposed to have, been greater when the lands were first offered tor sale than at subsequent periods. Rejecting, therefore, the result of the whole of the public sales, and that ot the first two months private sales, at Steubenville. it appears, that there have been sold, at private sale, 122,673 acres at Steubenville, during a period of 14 months, ending the 31st day of October last; 64,206 acres at Chillicothe, during a period of five months, ending on the samedav ; 42.658 acres at Cincinnati, during a period of six months, ending on the same day; and l,o44 acres at Marietta, during a period of sixteen months, ending on the same d a y : which gives, in the whole, a result of 345.000 acres, annual sales, in all the land offices. T h e reservations in the grants to the Ohio Company, and to John C. fcymmes, and m the townships formerly sold at New York: the surplus of sn^fipH a P P r 0 P , n a t e d / ° r m , l l f f i r 7 bounties, after the same shall have been n l l n f « c t of near one million of acres, lying north of SymBW* the Great Minmi S f L n r ? 6 ^ ? Virginia reservam mdilar^ J t ? ^ ^ *e,Tal T h e reservations, and «he military tract, are not yet disposable by any existing law- and tbr tract S SeTfofs f ™ ^ T 1 9 n d ,h : ' ft only par- «u pufcnasers under J. C. Symmes. T h e result of the operaunder it a^mimber T . 2 " . ^ " * h o w e v e r , k ^ w n , that t r & made T h e r ^ l f \ h ™ been sold, and some payments already s u r t v J and o r ^ 7 !he ^ a e S d i n g to law, be ^ I t ° n t h e ^ ^ t e r m s ^ other lands, mk tal amount of annnnl i° n » in « ^ r a l tracts, the tofair, i r i Z dunnl w h . I "3*2 y at 400,000 a c r i if 4* C t o form a i t K °^CeS h a v e bad been sufficiently Calc ,at,0n S s a veTr for t ! ^ P » To'estimate them at 250,000 I D g C1?ht ,s •ETh/J l 6 ins.,fable, by the 1801.] SECRETARY OF THE TREASURY. 217 The nominal price of those lands is two dollars per acre; but, on account of the provisions which relate to interest and discount, they may be obtained, within a fraction, at the rate of one dollar and eighty-four cents, if the whole purchase money is paid at the time of sale; and may bring in the Treasury two dollars and twenty-seven cents per acre, if the purchaser shall avail himself of the terms of credit given by law. If the proceeds of the whole sales shall be estimated only at the rate of $1 tYj per acre, it will allow 24 per cent, for losses on account of non-payments oil the three last instalments; and, after the year 1805, give, on an annual sale of 250,000 acres, an annual income of 460,000 dollars. But as, on account of the credit given by law, the whole of this sum will not, till after tile year 1805, be aunually receivable in payment of land sold after 1st of January next; whilst, on the other hand, the sums due for lands sold before the end of this year, will become payable during the four next ensuing years; it will be found that, making the same deduction of 24 per cent, for losses on the sums already due, the whole sum receivable, for lands already sold, or to be sold, during the eight years 1802—1809, will, for those eight years, on an average, amount annually to 400,000 dollars. Some legislative provisions seem necessary to ascertain the western boundary of the Virginia lands, to define in what manner the seven first ranges of townships shall be subdivided into sections, without interfering with the claims of former purchasers; and, perhaps, in relation to the lands claimed by purchasers under John C. Symmes. But the most important object, in order to secure and improve this valuable branch of revenue, is to provide against the progress of intrusions on the public lands, and especially to devise some efficient and prompt mode of giving quiet possession to every person purchasing under the law. 4. Postage, dividends on bank shares, incidental.—The annual proceeds of the duties on postage may not be estimated at less than 50,000 dollars. The dividends on bank shares, at the rate of 8 per cent, dividend, amount to 70,040 dollars. But as the shares, themselves, may eventually be wanted asa resource to meet certain contingent demands against the United States, those dividends, although constituting a part of the revenue, unless it shall be found necessary to sell the stock and the incidental or temporary revenues, shall be omitted in this estimate of the permanent revenues. These, therefore, are estimated in the whole at 10,600,000 dollars, viz: Duties on merchandise and tonnage - $9,500,000 Internal duties, (stamps excepted) 650,(XX) Proceeds of the sales of public lands 400,000 Duties on postage 50,000 The other temporary resources of the United States are— 1st. The proceeds of stamp duties, for 14 months, from the 1st January, 1802, to the 4th March, 1803, which, under the existing law, limits their continuance, 260,000 dollars. 2d. The balance due on the direct tax. The amount paid into the Treasury to the 1st instant, so far as the same can be ascertained, was 1,245,000 dollars, leaving an outstanding sum of 755,000 dollars; but, as this last sum is chargeable with all the expenses of collection, estimated at the rate of 7 per cent., at 140,000 dollars, the real balance is only about 615.000 dollars: and as delays, and perhaps an eventual loss, may be expected, on the last 216 REPORTS OF T H E [1801. part of the collection, it would not be safe to estimate the amount which will probably be paid into the Treasury at more than 450,000 dollars. 3d. The proceeds of sales of public vessels. Fifteen vessels have been sold under the act of last session of Congress, for 275,767 dollars and 73 cents; of which sum, 86,412 dollars and fc3 cents had been paid on the 30th of September last, leaving an outstanding balance of 189,354 dollars and 90 cents. 4th. T h e excess of specie in the Treasury, beyond the sum which it is prudent to keep there, may be estimated at about one million of dollars. oth. T h e shares of the Bank of the United States, owned by the United States, are, at 33£ per cent, advance, worth 1,184,000 dollars. Those several items, exclusively of several balances due by individuals, and a part of which will eventually be received into the Treasury, constitute a sum exceeding three milUons of dollars; and may, for the present be considered as resources, sufficient to meet the demands against the United States which may be eventually payable on account of the sixth article of the treaty with Great Britain, and of the — article of the convention with * ranee. The permanent expenditures of the United States relate either to the cur- I rent expenses of Government, domestic or foreign, civil and m.litarv. or to the payment of the interest and principal of the public debt. q Z S i / r l S T 6 8 o f , ? £ P r ° P r i a l l ° n s for the ensuing year, amounting to th T ' • a n d l 8 u C e n t Z , m c l u d e a l 1 ^ e expenses of Government, other . debt w,th the ' '—Ption of those incident* ! the intercourse with the Barbary powers—estimated after the ensuinc vear fo'r t 1StatG' 1 \ A"™ • ' ^ ^ c h ^ y T f f i l a ^ ^ d n f ^ n l ^ V ^ / ' r 1 ^ ' 5 y ^ Secretary of War, at 55,OOOdollars, and o a part of the Indian annuities, amounting to 11 000 dollars: 0 r a i l ^ J n thG S e n s u i n , vear,be- ! sufficienTfor^ J ™ ft" " J C d . expense ' Ch * l n d u d e d ,n lhose ^ i m ttes is a temporary ( particular sums which, under existing laws, seem neoessarv to (fe^ w ' u C ^ o L ^ t ^ eXfTnS€' detailed in Z I l U g f a » * f foreign countries nnrf h™ , protection of seamen in F ^ h T m H l ^ ^ ^ S P o w e r s g a11 t h e in relation to the army to a S «nJ ^t™** 5 cation and p u r c h a s e d a r ^ a n d ^ m a g a z i n e s , to the fabric s . and & the i J L ^ Z t ^ ^ * f°mficaFor the Navy D e p a r t m e n t S 3 * all "the expenses in 200,000 f t i2ft0l* ^ 1S01.] SECRETARY OF THE TREASURY. I relation to the ships kept in commission, or laid up in ordinary, to the building of new ships, and to dock-yards Making, altogether, three millions and five hundred thousand dollars - j ' 223 $1,100,000 $3,500,000 \ \ Inch sum, deducted from the estimated revenue of ten millions and six hundred thousand dollars, leaves a sum of seven millions and one hundred thousand dollars, annually applicable to the payment of interest and redemption of the principal of the public debt. It must be further observed, that the sums assigned to each head of expenditure being deduced from the estimates of appropriations necessary for the ensuing year, and these having been calculated before the re-establishnient of peace in Europe was known, they are predicated, for every item which relates to supplies, on the then existing prices; a considerable reduction will take place in every item which depends on the price of provisions, freight, transportation, and even wages. Although the saving, thence arising cannot yet be correctly ascertained, it may not be estimated at less than 200,000 dollars annually. It is, therefore, believed, that after defraying e* ery expense necessary to support every civil, military, or naval establishment, to the extent now authorized bylaw, the annual surplus applicable to the debt may be confidently estimatkl at seven millions and three hundred thousand dollars. The statement P exhibits the amount of the unredeemed principal of the public debt, as it will be on the 1st of January next; and of the annual interest and charges payable thereon, including the annual reimbursement on the six per cent, and deferred stocks. . By the printed statements of receipts and expenditures for the year 1800, transmitted to Congress the first week of the present session, it appears that the unredeemed principal of the public debt (exclusively of the sums passed to the credit of the commissioners of the sinking fund, which are only a nominal debt due by the United States to themselves; and after deducting the reimbursement of the principal of the six per cent, stock, operated by the annual payment of eight per cent, on the nominal amount of that stock) amounted, on the 1st of January, 1801, to 80,161,207 dollars and 60 cents. »y the statement P, it appears that the unredeemed principal will, on the }st of January, 1802, amount to 77,881,890 dollars and 29 cents; the difference of 2,279,317 dollars and 31 cents being the amount of principal paid during the year 1801; during the same year, 1801, more than eight hundred thousand dollars shall have been remitted to Holland, in part of the interest and instalments on the Dutch debt fallingdue next year, which sum is not included in the amount of principal thus stated to have been paid during the present year. The sums which, on the 1st of January, 1801, had been remitted to Holland, in part of the interest and instalments due in the course of this year, and which were not deducted from the amount of public debt on the 1st of January, 1801, did not exceed five hundred thousand dollars. The amount of debt actually paid, or for the payment of which provision shall have been made during the present year, will not, therefore, be less than two millions five hundred thousand dollars; and it is believed, though it cannot at present be precisely ascertained, that the balance of specie in the Treasury, which, on the 1st January, 1801, was 2,557,395 dollars and 38 cents, will not be diminished on the 1st of January, 1802. 216 REPORTS OF THE [1801. The Treasury accounts being settled to the 30th day of September last, the amount of public debt paid during the half year commencing on the 1st of April, and ending on the 30th of September, 1801, as well as the comparative view of the" Treasury at the commencement and end of that period, may be precisely stated. The payments in part of the principal of tlie debt made during those six months, exclusively of certain parts of the unfunded debt which have been reimbursed, have been: 1st. T o the commissioners of the sinking fund, and to be by them applied, on the 1st of January next, to the reimbursement of the six per cent, stock - §129.048 83 2d. T o the Bank of the United States, on account of the principal of sundry temporary loans, formerly obtained from that institution -* - 500,000 00 3d. For remittances to Holland, on account of the Dutch debt, 782.665 dollars and 79 cents; from which, deducting 245,9S0 dollars and 50 cents, being the interest and commissions for one-half of the year 1801, on that debt, leaves paid on account of the principal . . . . 536,685 29 4th. Evidences of public debt paid for lands 21,282 66 * Amounting altogether to one million one hundred and eighty-seven thousand and sixteen dollars and seventy-cMit r cents - $1,187,016 78 The balance of specie in the Treasury amounted, on the 1st April. 1801, to 1,794,044 dollars and 85 cents, and on the 1st of October, 1801, to 2,946.038 dollars and 73 cents; making a difference in favor of the Treasury of 1,151,993 dollars and 88 cents; which last sum, added to the above stated payments on account of the principal of the debt, makes an actual difference in favor of the United States of 2,339,010 dollars and 66 cents during those six months. The principal of the public debt unredeemed on the 1st January, 1802, is, in the statement P, arranged under four heads, viz.: • J f ® 1 ^ ^ ® 1 1 - a n d deferred stocks. T h e nominal amount of this debt is 41,879,525 dollars and 23 cents: and the eight per cent, annuity, applicable to its interest and reimbursement of principal, amounts to 3 350,362 dollars and 1 cent. As, by the effect of this annuity, 5,027,740 dollars and 57 cents of the principal shall have been reimbursed on the 1st of January. 1S02. the unredeemed principal of that debt will, on that day. be only 36,851,784 0 a ; interest al t h c > of six per cent., on which sum. o 9 Q1 i i"nr f is ^ 1 , 1 0 7 dollars and 8 cents. The part of the eight per cent, annuity, at aP ,1 Cable t 0 the J i 6 n S ; a , ^l n^c rP t i o n of the principal is/therefore. 1.139.254 53EL ? L easing each year at compound interest, shall, Z n in t r 7 f U r ! o ' o p r °™ i 0 n > h i , v c discharged the whole of the six per cent in the year 1818, and the whole of the deferred debt in the year 1824 M. I hree per cent, stock amounts to . .ft\q 079.705 63 and the interest on the same to , 57 > 391 16 lands excepted1 ^ f0r its redem P t i o n > occasional payments for 3d. All the other domestic debts created under the present Government 1801.] I | ^ [ L | | J t | • \ : [ SECRETARY OF THE TREASURY. 217 of the Union, in order either to discharge other debts, or to meet certain extraordinary expenses. These include the five and a half, four and a half, navy six, 1796 six and eight per cent, stocks, and the temporary loans obtained from the bank; and amount altogether, to - $12,035,400 00 The interest on all these constitutes an item of 828,350 50 4th. The foreign debt due in Holland and at Antwerp, amounts, including premiums and gratifications, to $9,915,000 The interest on which, commissions and charges included, is, for the year 1802 476,931 This last debt being payable in instalments, at certain fixed dates, and it being necessary to purchase remittances in America near six months before the payments are made in Holland, the statement R has been added to show the payments, both on .account of principal and interest, which become annually due in Holland, until the final redemption of the debt in 1809, and the sums which it will be necessary, every year, to provide in America, in order to meet those payments. The greater part of this debt becomes due in the course of the five next ensuing years; and the annual payments on account of principal and interest, for "that period, exceed, on an average, two millions of dollars. The inconvenience and difficulty of procuring remittances to that amount, and the real injury arising from such heavy disbursements abroad, render an extension of the terms of payment, by partial re-loans, a desirable object ; and measures have been taken to ascertain its practicability. All that seems wanted is, that the gross amount of payments which are to take place during the eight next years, should be more equally apportioned amongst those years: and anv greater surplus of revenue which might be freed by that operation, would be applicable to the redemption of those species of the domestic debt which it may be thought most eligible to reimburse. Whether this operation shall be effected or not, no difficulty is apprehended, from want of resources, to discharge every instalment as it shall become due; the sum payable in 1803, in which year (he largest payments must be made in Holland, amounting, including both those and all other actually due, on account of the interest and reimbursement ol the domestic debt, to only §7,100,000, or to £200,000 less than the annuity of $7,300,000, which has been estimated as the surplus of revenue applicable to that object. If that surplus does exist, and if it will be sufficient to meet all the engagements of the United States, as thev become due, the only remaining objects of inquiry seem to be : What impression will, during the next eight years, to which these estimates refer, be made on the public debt by the annual application of that surplus 1 In what time would the same annuity discharge the whole of the puh'ic debt? The statement S exhibits the effert produced at the end of the year 1809 on the debt, by the annual application of that sum ($7,300,000) to the payment of both principal and interest and shows that, at the end ol those eight years, it shall have paid the whole of the Dutch debt, of the temporary loans due to the bank, of the navy six per cent., and of the tive and a half per cent, stocks $5,525,300 and 38 cents of the eight per cent, stock ; $150,387 and 26 cents of the four and a half per cent, stock; and $11,399,263 and 6 cents of the principal of the six per cent, and deferred stocks: amountYOL. I.—15 REPORTS OF THE 226 ing, altogether, to thirty-two million two hundred and eighty-nine thousand one hundred and fifty dollars and seventy cents. The public debt would, therefore, on the 1st January, 1S10, be reduced to $45,592,739 and 59 cents, viz: $954,899 and 62 cents of the eight per cent, stock ; $25,612 and 74 cents of the four and a half per cent, stock, (both of which would be discharged during the first four months of the year 1810;) $80,000 of the 1796 six per cent, stock ; $25,452,521 nnd 60 cents of the six per cent, and deferred stocks; and the $19,079,705 and 63 cents three per cent, stock. It is true that this statement is predicated on the supposition that the whole of the remittances to Holland may be purchased at par, which is not probable; but, on the other hand, it is calculated on the principle of a yearly, instead of a quarter-yearly, payable annuity ; or as if all the payments made in one year, on account of the principal of the debt, took place only at the end of the year, instead of being made, as will be the case, in the course of the year, and slopping the interest from the end oi the quarter in which they may be made. The supposed extra cost ot bills on Holland is at least partly covered by that difference, and cannot materially affect the general result. It may in the same manner be shown, that the same annual sum of $7,300,000, applied to the payment of the principal and interest of the public debt, would, on the supposition that the whole of the six per cent, and deferred stocks may be redeemed at par, and that the whole of the three per cent, stock should be reimbursed at its nominal value, discharge the whole of the public debt in seven years and a halt after the year lbOy, or within the year 1817. The only part of the preceding estimates, which is liable to any material error, is what relates to the probable annual revenue derived from the impost and from the sales of land. Should these prove to have been correct, it will result that the present revenues of the Union are sufficient to defray all the expenses, civil and military, of Government, to the extent authorized by existing laws: to meet all the engagements of the United States; and to discharge, within eight years, thirty two millions of dollars of the principal, and, within fifteen years and a half, the whole, of the public debt; that any increase of expense will, probably, either render an increase of taxes necessary, or retard the ultimate payment of the debt; and that any reduction in the present rate of expenditure may permit a reduction of the present taxes, or be the means of accelerating the redemption of the public debt. All which is most respectfully submitted. ALBERT GALLATIN, _ Secretary of the Treasurym TREASURY DEPARTMENT, December 18, 180*. ' 1801.] SECRETARY OF THE TREASURY. 217 Table of duties paid on merchandise, imported in American vessels into the United Stales. Goods, wares, and merchandise imported into the United States, unless free of duty, pay either duties according to their value, or specific duties according to Uieir quantity. I. Articles free of duty ate: All articles of American growth, produce, or manufacture, spirits excepted. . Bullion, copper, old pewter, tin, teutenegue, wire, plaster of Pans, saltpetre. sulphur, lapis calaminaris, dying drugs and woods, wood, wool, furs, raw hides, sea stores, wearing apparel, personal baggage, and implements of trade belonging to emigrants, philosophical apparatus imported for the use of seminaries ol learning. II. Articles paying duties ad valorem, pay either 20, 15, or 12£ per cent, on their respective value, which value is calculated by adding to their prime cost (all charges included) 10 per cent., if imported from countries this side, and 20 per cent, if imported from countries beyond the Cape of Good Hope. Articles paying 20 per cent, ad valorem are : Carriages, and parts of do. Manufactures of glass, other than window, and black quart bottles. Articles paying 15 per cent, ad valorem are: 1st. All manufactures of metal* earth, and stone,t 1 Not otherwise and leather,t enumerated. All fruits and spices, All painters' colors, and medicinal drugs,§ J 2d Cabinet wares, hair powder, starch, and wafers; oil, anniseed, glue, essences, washes, perfumes, dentifrice, and cosmetics; paper-hanging, cartridge, and sheathing paper ; carpets, carpeting, floor-cloths, and mats -y bonnets, hats, caps, gloves and mittens, and stockings: fringes and tassels for saddlers, upholsterers, andcoachmakers; buttons, millinery, artificial flowers, feathers, ornament dresses, dolls and fans. Articles paying jter cent, ad valorem are: 1st The following manufactures of metal, viz: anchors, locks, hinges, hoes, anvils, vices, and printing types. 2d Gunpowder, black quart bottles, saddles, and parts of do., whips and canes, toys, lampblack, parchment and vellum, clothing ready made. sp » Excepting lampblack, which pejrs 121 per cent, and colors of lead, which p*y a s r eci6c REPORTS OF T H E 228 IISOI. 3d. All wares, goods, and merchandise, not otherwise enumerated, consisting principally of manufactures of wool, cotton, silk, hemp and flax, and wood. III. Articles paying sjtecific duties : SPIRITS. FOR ESOX. DOMESTIC. From grain. From other From domes- From foreign materials. tic materials. materials. Ptr gallon. 1st proof *2d do. 3d do. 4th do. 5th do. 6th do. . . . . . . . . . . . . . . . 28 29 31 34 40 50 cents.} do. 5 do. do. do. do. 25 cents. 28 do. 3-2 do. 38 do. 40 do. 1 7 cents. i 8 do. 9 do. 11 do. 13 do. 18 do. 15 cents. 16 do. 17 do. 19 da 23 do. 30 do. W I N E S — P e r gallon. Madeira, London particular, and Malmsey 5S cents. Madeira, all other 50 do. Burgundy, Champagne, Rhenish, Tokay 45 do. Sherry and St. Lucar 40 do. Lisbon, Oporto, and other Portugal 30 do. Teneriffe, Fayal Malaga, St. George, and Western Islands 28 do. AJI other, in bottles . 35 do. All other . . . . 23 do. ALE, BEER, and P O R T E R 8 cents per gall, MOLASSES 5 cents per gall. SUGAR—Per pound. Loaf Lump, and other refined Candy White, powdered Brown T E A S — I m p o r t e d — p e r pound. From China or Hyson, Imperial, Gunpowder, and Gomee - 12 cents. Other green - 18 do. Bohea - 32 do. Other black - 20 do. COFFEE SALT - From Europe From all other places. 17 cents. 14 cents. 27 do. 21 do. 50 do. 40 do. 30 do. 24 do. 5 cents per pound. 20 cents per 56 pounds. For other articles paying specific duties, see statement H. " o n ^ u t l ^ T r e d m J ° r i g n V e s s e l s P*y an extra duty of ten per cent, on the duty paid if imported in American vessels. i A. cr> © A STATEMENT of the value and quantities, respectively, of merchandise paying duties ad valorem, spirits, molasses, toines, teas, coffee, sugar, and salt, on which duties actually accrued for each of the calendar years, 1790 to 1800; consisting of the value or quantities remaining in the United Slates at the end of each year, after deducting the value aud quantities exported each year, and which became entitled to drawbacks, bounties, or allowances, from the value and quantities imported during the same year, and on which duties were either paid or secured. w a o so WINES PATIX0 Merchandise paving duties ad valorem. Foreign spirits. Molasses. Teas. YEARS. 1790 1791 1799 1793 1794 1795 17% 1797 1798 1799 1800 Total Salt. Ad valorem. w so *! Gallant. Pounds. 16,331,986 90,093,864 SI,507,053 21,284,130 22,694,413 29,886,973 36,496,589 28,0-14,276 23,972,260 33,01)3,831 34,393,617 4,143,385 3,603,861 4,579,160 8,428,391 5,545,681 5,018,562 6,599,760 6,819,728 4,648,743 7,302,297 4,785,937 a. 5,664,345 6,354,148 4,250,874 4,236,222 3,144,225 3,853,905 3,896,241 3,724,369 4,079,145 3,889,094 3,717,359 1,088,455 916,966 1,269,723 1,194,969 1,559,773 1,880,619 1,898,672 1,528,458 951,927 1,609,799 1,241,553 312,514 934,579 1,477,341 321,233 512,955 413,036 197,702 437,362 287,728,492 55,475,505 46,809,917 15,110,204 4,606,722 Sugar. H Specific duties. Dollars. Coffee. b. 3,047,243 4,150,754 985,997 2,588,970 2,614,008 4,769,450 9,009,609 11,237,717 2,460,914 6,033,618 2,374,118 14,674,726 2,310,259 d 5,526,269 2,008,399 13,511,877 1,690,965 4,178,321 4,501,503 10,800,182 3,797,634 7,408,196 28,000,548 73,827,542 Uuthels. 22,719,457 91,919,066 22,499,588 37,291,988 33,645,772 37,582,507 25,403,581 49,767,745 33,206,395 57.079.636 50.537.637 c. 1,734,053 1,359,461 1,331,586 1,424,974 2,236,718 2,281,343 3,012,049 2,288,172 2,022,397 1,662,511 2,734,2-13 391,653,372 22,087,507 O ^ M -3 So B > CO cj so STATEMENT A—Continued. WINES PAV1NQ VE4RS. Merchandise paying duties ad valorem. Foreign spirits. Specific duties. 57,933,403 12,326,406 19,310,801 4,108,802 163,308,611 31,060,865 27,051,410 5,176,81056 16,2(»,367 5,433,122} Coffee. Sugar. Salt. Ad valorem Bushels. Pounds. Gallons. Dollars. Total amount of the i three years. 1790 a > 1793 -) Average ann. amo'ut J of the three years, > 1790*1793 Total amount of the J six years, 1793 a > 1798 -S Average ann. amo'nt) of the six years, > 1793 a 1798 -) Tons. Molasses. 6,647,247 3,274,43-1 2,215,749 11,509,174 3,836,391» 07,138,111 4,425,100 22,379,370 1,475,033 1,091,478 - 23,934,107 9,014,418 3,971,658 13,054,164 44,109,990 216,897,988 13,265,653 3,822,351 1 6 1,502,403 661,943 2,175,694 7,351,665 36,149,664 4 6 2,210,942 a. Prom the annual importations are deducted the annual exportation*, both of molasses and of demesne spirits distilled fyom n»ola.<*s ^ e o ^aiemeni B. b. The non-enumerate<l wines paid forty per eent. ad valorem, but not exceeding thirty nor l « s than ten cents per gallon. The ^ ^ t ^ wMe^Jf that regulation paid precisely e ther ten or thirty cents, are ascertained. The quantities which paid the duty ad valorem, m : from ten to thirty centsjwr gallon are estimate as having paid on an average twenty cents per gt, lion. This column shows from the vear 1?J3 thc*e threekinds d^«ncUvfrom wines paying yrcrte duties, v k Madeira, Sherry, and St. Lucar; Burgundy and Champaign; Lisbon and Oporto j Teneriffe, Payal, and Malaga.t. From the annual' importations are deducted not only the exportation* of salt, but also the quantities which did not "if !he k S t e upon the exportation* of salted fish and provisions, and of the allowances to fisheries} the quantities thus deducted being calculated as irthe bountlea and allowances had been during the whole period at the same rate as established by the now existing laws —See statement u. d. Excess of exportation® over importations. T R S M T T Y D E P A R T M E N T , Register** Office, December 12, \ 8 0 L . JOSEPH NOUKSE, Register. B. sTXTEMENT exhibiting the quantities of molasses annually imported, of domestic spirits annually distilled from molai^aZofboth molasses and domestic spirits distilled from molasses, annually, exported and consumed for each calendar year, from 1790 to 1800. - CONSUMED. snumr. MOI.A«H. YEAttB. Exported. Distilled. Exported. Imported. Spirits. Molasses. Total molasses and spirits. 1790 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 6,418,0-10 6,868,53-2 5,229,915 4,930,141 3,476,906 4,237,965 4,833,756 4,303,750 4,410,908 4,323,868 4,289,826 9,885 1,150 4,554 8,906 4,666 5,233 37,400 47,570 29,850 31,925 9,911 •3,019,271 5,019,271 3,306,897 2,319,637 1,385,596 1,685,875 2,554,210 1,532,273 1,410,095 1,564,803 1,290,476 t743,810 613,234 974,487 685,013 3-28,015 378,827 900,115 531,811 301,913 402,859 562,556 2,305,461 9,536,037 2,332,410 1,634,624 1,057,581 1,307,048 1,654,095 1,000,462 1,108,182 1,161,944 727,920 3,358,684 3,818,111 1,918,461 2,601,598 9,086,644 2,516,857 2,242,146 2,723,907 2,970,963 2,727,140 2,989,439 t5,664,345 6,354,148 4,250,874 4,236,222 3,144.926 3,853,905 3,806,241 3,794,369 4,079,145 3,889,0M 3,717,359 191,050 23,148,401 6,322,640 29,984,153 46,809,917 53,323,607 16,825,764 Total . T h i s column taken from the returns of the commissioner of the revenue from the 1st July, 1791, and estimated for the eighteen preceding months. IS K ^ ^ l t f ^ X ^ I ^ S S S S S ^ duty m the shape of either molasses or spirits, and is the same with the column headed " molasses," of the statement A. TREASURY DEPARTMENT, Register's Office, December 12, 1801. JOSEPH NOURSE, Register. tC w C. lie STA TEMENT of the quantities of each species of wine paying distinct duties, for the years 1795 to 1800, showing the quantities remaining, after deducting the exportations from the importations, for each calendar year. MADEIRA. TEAM. 1793 1796 1797 179H 1799 1800 Total Amount of duty on each i specie?, calculated at the > present rate of duty -J Sherry and Oporto and Burgundy Tenerffle, St. Lucar. Lisbon. and Cham Faval, and paigne. Malaga. 1st quality All other. 150,4«4 163,769 163,234 81,157 44,931 176,501 347,996 93,775 901,664 65,463 18,664 73,330 785,056 " "' V-1 *l 703,872 3,128,906 8,078,308 455,333 331,436 329,451 551,381 223,509 157,879 6*6,583 180,889 651,561 430,366 593,359 691,023 315,414 281,335 336,813 803,463 5,408 1,378 1,591 753 511 1,163 716,934 493,900 245,148 298,261 578,775 473,569 Total. 1,880,619 1,898,672 1,528,458 <>51,927 1 609,799 1,311,553 11,103 3,804,887 9,111,028 4,996 785,368 3,553,155 Paying 30 cents. Office, December Total. 697,390 101,938 331,222 385,238 143,715 64,286 1,477,3-11 321,233 512,955 413,036 197,703 437,362 415,339 1,553,899 1,391,371 3,359,629 320,015 823,558 51,221 47,653 66,747 16,356 22,408 207,974 145,376 NOTE.—The wines paying 40 per cent, ad valorem, estimated as harinsr, on an average, paid 29 cents per gallon. merated wines, is 39 cents per gallon; on all other wines, 24J cents per gallon. TREASURY DEPARTMENT, Registefs Paying Paying 40 10 cents. percent, ad valorem. 725,730 375,518 114,986 11,412 31,549 393,674 357,167 The average rate of duly on all enu- 12, 1801. J O S E P H NOURSE, Register. 1801.] SECRETARY OF THE TREASURY. 217 D. STA TEMENT exhibiting the quantities of salt actually paying duty, for each calendar year, from 1790 to 1800, deducting the quantities exported and entitled to drawback; and also the amount exempted from duty, on account of bounties on the exportation of salted fish and provisions, and of allowancrs to fisheries, caladated at the same rate at which they are now fixed by existing laws. Salt. Amount of bounties and allowances. Imported. Bushels of 56 lbs. Exported. Bushels of 56 lbs. 2,190.780 1,810,421 1.779,510 2,027,332 2.958,411 2,823,718 3,670,077 2.977,902 2,753.127 2,513,411 3,287,868 15,007 3,240 204 4,383 4,783 1,475 32,108 103,633 161,210 104,025 25,950 Bounties and allowances reduced into bushels of salt, at the present rates. 44,772 89,696 107,537 81,135 93,889 92,S74 113,904 149.375 105,536 Salt paying duty. Bushels of 56 ibs. « 447,720 b 447,720 447,720 597,975 716,910 540,900 625,920 586.097 569,520 746,875 527,675 NOTE a b.—Each of those two years estimated at the same rate as the year 1792. TREASURY DEPARTMENT, Registers Office, December 12, 1801. JOSEPH NOURSE, Register. [1801. REPORTS OF T i l E 234 E. STA TEMENT of the value of the several classes of merchandise paying duties ad valorem, deducting exportations from importations, for each of the years 1795 to 1800. Yalae of goods ad valorem. Years. 1795 1796 1797 1798 1799 1800 Total Duties at the ) present rate ) Total. At 10 and 12} per cent. At 15 per cent. At 20 per cent $23,431,013 28,267,085 21,137,S77 19,179,952 26,394,967 26,514,393 86,225,887 7,858,262 6,609,665 4,570,096 6,428,842 7,448,410 $230,073 371,242 296,734 222,212 270,022 430,814 $29,886,973 36,496,589 28,044,276 23.972,260 33 ji 193,931 34,393,"617 144,925,287 39,141,162 1,821,097 185,887,546 18,115,661 5,871,174 364,219 2-1,351,054 NOTE.—On the total value, as above, $185,887,546 gives, for the average duty, near 13.1 per cent. TREASURY DEFARTMENT, Register's Office, December 12, 1801. JOSEPH NOURSE, Register. STA TEMENT of the quantities of the several species of foreign from the importations, for each of the years from 1794 to 17 J J. deducting the Amount of duties. emanations Remarks. 1797. 1798. 1799. Total. 1,008,816 237,876 39,753 169,509 9,056 353 314,750 144,808 37,377 43,084 4H8 266,972 43,438 2,419 102,355 1,100 Gallons. 3,322,2(1 455,779 81,654 369,787 7,632 353 Dollars. 930,997 132,176 25,313 125,728 3,013 176 9,421,489 1,305,570 1,603,081 13,328,581 1,319,887 1,387,919 2,648,835 13,111,491 1,996,035 1,770,996 3,335,359 14,586,872 315,205 68,684 18,294 18,216 24,583 11,917 422 379 3,332,145 3,672,057 4,667,7*9 119,778 11,308 Total Total exported 7,214,428 5,023,708 8,081,160 45,607,078 4,679,993 3,609,925 5,699,369 5,204,802 6,090,693 781,863 2,664,756 374,965 394,700 490,933 186,210 153,688 181,531 100,833 13,019,720 792,001 Duties acc'd. Drawbacks. 6,819,728 4,648,743 7,302,297 12,942,322 12,227,719 4,579,160 3,428,391 5,545,681 5,018,562 5,599,760 Actual dut's. Paying duties - 1792. Foreign spirits. 1793. 1794. 1795. 1796. From grain— 480,114 135,169 361,005 359,160 395,925 1st proof 14,6-17 2,839 6,657 4,773 741 2d do. 936 311 825 3d do. 53,856 ~6S0 303 4th do. 2,392 "474 1,023 5th do. 6th do. From other materials— 993,520 1,736,145 1,795,795 1,672,267 1,800,714 1st and 2d proof 1,221,432 1,487,574 2,000,0(57 1,329,365 1,719,412 3d proof 730,451 1,557,90-1 1,887,379 2,115,571 1,193,177 4th do. 27,771 52,949 36,326 32,038 60,897 5th do. 3,427 1,306 585 1,591 4,956 6th do. - HoU.—'The average duty is 284 cents per gallon. TREASURY DEPARTMENT, Register's Office, December 1 2 , 1 8 ) 1 . JOSEPH NOURSE, Register. 236 REPORTS OF THE [1801. G. STATEMENT of the quantities of the several species of tea paying duties, after deducting the exportations from the importations, for each of the years from 1790 to 1800. TEAS. Years. Tot*!. Bohea. Souchong. Hyson. Other green. • 1790 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 2.059,6S4 774.008 2,332,892 1,548,933 2,095,416 2,079,687 1,778,007 1,392,271 1,079,139 3,412,674 1,891,434 368,075 91,123 132,355 369,687 298.503 146,457 73.578 185,359 333,349 309,598 694,802 530,613 107,934 115,263 82,882 29,754 99,727 239,102 206,177 194,616 240,861 533,613 88.870 12^932 33,498 8,007 37,241 48,247 219,572 224,592 2S3,861 538,370 677,785 3,047,242 985.997 2,614,008 2,009,509 2,460,914 2,374,118 2,310,259 2,008.399 1,890.965 4,501,503 3.797,634 20,444,145 3,002,886 2,380,542 2,172,975 28,000,54b Total duty $2,453,297 S540,519 $761,773 §434,595 §4,190,184 T o t a l lbs. .Vote.—The average rale of duty is 15 cents per pound. TREASURY DEPARTMENT, Register's Office, December 12,1801. JOSEPH NOURSE, Register. II. A ST A TEMENT exhibiting the quantities, respectively, of dutied articles, consisting of the difference between the articles paying duties imported, and those entitled to drawback re exported, supposed to have been annually consumed, during the three years 1790-1792, the six years, 1793-1798, and the two years, 1799-1800; and also the average revenue which, after deducting drawbacks, would have accrued during each period, at the present rate of duties. ! QtANTrnr.*. o u Species of merchandise. Beer, ale, porter, and cider Cocoa Chocolate Candles, tallow Candles, wax, &c. Cheese Soap Pepper Pimento Tobacco Snuff Loaf sugar Indigo Cotton Nails and spikes I^ead 1700 a 1793. 1793 a 1798. 1799 a 1800. - - gallons 210,835 pounds 012,447 do. 213 do. 9,336 do. 2,852 112,411 do. do. 47,508 do. 370,301 do. 113,840 do. 5,331 do. 1,082 208,540 do. 9,931 do. 270,720 do. 2,665,007 do. do. ! 1,896,383 300,661 838,408 793 115,350 3,528 223,605 284,211 565,476 218,459 29,622 7,481 41,337 52,986 995,516 2,505,786 1,514,544 281,433 1,409,641 894 68,573 4,510 182,084 1,070,600 791,686 244,441 112,024 12,683 11,711 87,242 474,445 3,947.447 2.809.346 a 2. f O* Cls. 8 2 3 2 6 7 2 6 4 10 22 9 25 3 2 I AMOUNT or DITTIES AT 1790 a 179*2 #17,347 12,249 6 187 171 7,869 950 22,218 5,753 533 370 18,769 2,484 8,122 53,300 18,964 a PRESENT BATE. 1798. 1799a 1800. $24,053 16,768 24 2,307 212 15,652 5,684 33,929 8.738 2,962 1,646 3,720 13,246 29,865 50,116 15,145 §22,515 28,193 26 1,371 271 12,746 21,412 47,501 9,778 11,202 2,790 1.054 21,810 14,233 78,949 28,093 1793 ^ STATEMENT H-Continued. o 0) QUANTITIES. Species of merchandise. 1790 a Steel Hemp . . . Cables, and tarred corduge Untarred cordage Twine and packthread Glauber salts Coil Boots Silk shoes Other shoes Wool cards, <fcc. Playing cards - cwt. do. do. do. do. do. - bush. - pairs do. do. - dozens - packs 179-2. 1793 6,585 31,707 4,175 1,057 1,062 306 233,532 859 20,210 65,528 576 19,701 a AMOUNT OF DUTIES AT PHESENT IUTK. cn.. -o 5 1798. 7,709 70,434 8,080 863 1,465 659 181,044 953 2,599 83,335 76 16,336 1799 a 1800. 7,970 89,399 13,880 1,051 2,165 1,308 363.755 3,724 1,932 93,267 25 18,583 | & Cts. 100 100 180 225 400 200 5 75 25 15 50 25 1790 a 1792. £6,585 31,707 7,515 2,379 4.248 612 12,677 644 5,052 9,829 2 8 8 4,925 1793 a 1798. $7,709 70,434 14,544 1,942 5.860 1,318 9,052 715 650 12,500 38 4,084 1799 a 1800. $7,970 89,399 24,984 2,366 8,660 2,616 18,188 2,793 483 13,990 12 4,646 O 9S H a> O T3 H I—I n NOTE.—Pepper estimated from 1792 alone. Lead and pimento averaged 1791 « 1792. TREASURY DEPARTMENT, Register's Office, December, 12, 1801. J O S E P H NOUKSE, Register. 8 I I. STATEMENT exhibiting the actual amount of duties which accrued on merchandise and tonnage, am/ o/ the actual paymentsfor drawback on foreign merchandise ,for bounties and allowances, and for expenses on collection, during each of the years 1790 to 1799. PAYMENTS FOR DC T I M ON Years. Drawbacks and Bounties and Passports debentures on and clear- foreign merchan- allowances. ances. dise exported. Tonnage. Iiiiiiiiii Merchandise. $2,239,746 75 3,463,592 24 4,938,074 65 6,598,445 31 8,588,382 98 11,163,370 23 12,581,167 12 12,866,984 69 11,402,185 17 15,251,952 68 $157,376 150,189 157,365 120,608 80,113 86,889 92,854 103,665 107,253 128,698 24 27 25 82 38 58 09 20 88 39 847508 13,886 9,978 12,518 Total Average of the three years, 1790 to 1792 Average of the six years, 1793 to 1798 - 89,093,901 82 1,185,014 10 10,890 3,547,137 88 154,976 92 10,533,422 58 98,564 15 _ 9,457 $12,610 57,193 137,H61 279,8419 1,615,574 2,898,765 4,781,050 4,207,728 4,799,498 5,780,662 12 73 57 83 44 79 12 43 27 72 81,895 27,787 44,772 89,696 107,536 81,135 93,888 92,874 113,904 149,375 03 27 17 48 76 28 62 29 42 02 Gross revenue. 82,382,617 3,528,798 4,912,806 6,349,547 6,945,385 8,270,358 7,800,590 8,683,933 6,606,014 9,463,131 84 51 16 82 16 74 47 17 36 33 Expenses on collection. 885,053 130,404 161,754 188,362 221,090 260,359 291,206 312,696 375,879 411,618 63 46 79 13 23 28 91 26 33 45 M 00 j- Cost per centum on collection of gross revenue. 83 3 3 2 3 3 3 3 5 4 56 69 29 96 18 11 73 94 68 34 24,573,757 02 802,865 34 64,943,183 56 2,468,425 47 69,222 47 21,818 15 3,608,074 17 125,737 63 3 48 3,097,571 14 96,505 97 7,442,638 28 279,932 35 3 76 NOTE-As this statement shows the duties on merchandise actually paul each year, according to tlie rate ol duties then exiaung, no aeaucimn enn thence™ drawn n r X i o n t o the revenue accruing on the present rate of duties. It shows, correctly, the amount of dut.es on tonnage and passports, and h re Sr eclh e7ro?orUo ns o f drawbacks to duties, and of expenses of collection to the gross amount of revenue. TREASURY DEPARTMENT, Register's Office, December 12, 1801 ro JOSEPH NOURSE, Register. CO 210 REPORTS OF THE [1S01. K. STA TEMENT of the amount of American and foreign tonnage respectively employed in foreign trade, for each of the years 1790 to 1799, as taken from the records of the Treasury. Years. 1790 1791 1792 1793 1794 1795 1796 1797 1798 1799 American ton- Foreign tonnage in foreign nage. trade. 354,767 363,662 414,679 447,754 525.649 580,277 675,046 608,078 522.245 626,495 Average of the three years, | 377,702 1790 to" 1792 Average of the six years, 1793 | 559,841 to 1798 TREASURY Total amount of Proportion of foreign tonnage employ- tonnage to the whole ed in the foreign amount of tonnage trade of the Uni- employed in the foted States. reign trade of the United States. 251,OSS 240,740 244,278 164,676 81521 62,549 49,960 76,693 88.566 109.599 605.825 604,402 65S,957 612.430 610,170 642.826 725,006 684.771 610,811 736.094 41.4 to 100 39.8 do. 37. do. 26.8 do. 13.8 do. 9.7 do. 6.9 do. 11.2 do. 14.5 do. 14.9 do. 245,358 623,060 39.4 to 100 87,827 647,668 13.6 to 100 DEPARTMENT, Register's Office, December 12, 1801. JOSEPH NOURSE, Register. L. © r CO © STATEMENT exhibiting the value and quantities, respectively, of dutied articles, (consisting of the difference between articles paying duty imported, and those entitled to drawback rc-exyortcd,) supposed to have been annually consumed during the three years, 1790-1702; and the six years, 1793-1798; and, also, the annual revenue, which, after deducting drawbacks, bounties, and allowances, would have accrued during each period, at the present rate of duties, drawbacks, bounties, and allowances. iyj E O Quantities. Average present rate of duty. o Merchandise Spirits Molasses Wines Teas Coffee Sugar Salt paying - duties ad valorem - . - dollars gallons do. do. - pounds do. do! bushels 1790 a 1792. 1793 a 1798. 19,310,801 4,108,802 5,423,122 1,091,478 2,215,749 3,836,391 22,379,370 1,475,033 27,051,440 5,176,811 3,822,351 2,164,346 2,175,694 7,351.665 36,149,665 2,210,942 All other articles paying specific duties, per statement H - 1790 a 1792. 13.1 p. ct. a 28 i cts. a 5 cts. 35—33 cts. b 15 cts. a 5 cts. cts. c 20 cts. Various Extra duty of ten per cent, on the duties on goods imported in foreign vessels, d Extra duty arising from its not being returned as drawback, on re-exportation of such goods,/ T w o and a half per cent, detained on all drawbacks since 1st July, 1800, e Amount of duties at present rate. 1793 a 1798. $2,530,000 1,171,000 271,000 382,000 332,0(H) 192,000 560,000 295,000 $3,543,000 1,475,000 191,000 714,000 326,000 367,000 903,000 442,000 256,000 352,000 236,000 4,000 3,000 113,000 43,000 86,000 E > 90 < O E H ffi E H 58 E fe C 58 to £ S T A T E M E N T L—Continued. Amount of dutit s at present rale. 1790 a 1792. Tonnage duties, per statement I Passports and clearances, g - Gross revenue Deduct expenses of collection a 3.62 p° r cent Nett average annual revenue for each period - * - - - " " 1793 a 1798. $155,000 6,000 $99,000 9,000 6,393,000 231,000 8,663,000 313,000 6,162,000 8,350,000 a Average duty deducted from statements E, F, G. , b A v e d u t y 3ft cents per gntlon for the first, and 33 cents for the second period, deducted from statement O, the a v erase duty on wines being lower during the hist period, on account of the greater proportion of low priced wuies impor ed c T h e white powdered sugars, which pay 3£ ceuts per pound, not being distinguished from brown, the average duty is stated only at 2.1r cents per pound, the price paid by the last, which is something below the actual duty. d Deducted from the proportion of foreign tonnage to the whole amount of tonnage employed m foreign trade, as pnr statement K, on a supposition that the value and quantities of goods imported in foreign vessels were in proportion to the amount of tonnage of those vessels. , . , c Deducted from statement I; the drawback, which would have been paid at the present rate of duties, being supposed to bear the same proportion to the drawbacks actually paid, as the duties which would havo l»een collected, according to this statemcut, at their present rate, bear to the duties actually accrued. . , f Deducted from statements I and K, by combining the principles on which the last two items have been estimated. g Deducted from statement I, for last period, and for the first from the amount of American tonnage respectively employed in foreign trade during each period. & 171 O 50 H <y> O 1801.] SECRETARY OF THE TREASURY. 217 M. STA TEMENT of the product of Ike internal revenues for 1800. rruuNSXT. Gross amount of duties. Country stills (a) Spirits, dittilled - $372,561 30 S139.S39 15 ( i ) 50,050 25 Deduct drawbacks 89,788 90 Refined sugar • Deduct drawback* 65,240 88 (i) 5,882 93 - 59,357 95 Retailers' licenses (c) JSales at auction Carnages 65,159 44 51,650 41 77,871 41 Grow revenue . . . . . . Expenses of collection, being at the rate of 19.47 per cent. Nett revenue . . . . . 716,389 * 139,50001 $576,88S 80 . TtMPOaARY. 8:amps (<f) 220,702 70 10,849 38 Expense* of collecting, »' the rate of 4.91 per cent. Nett revenue Total nett revenue 209,853 32 "/ - - ' : 786,742 12 / Capacity of stills. Gallons. («) Country still" paving yea^y duties * 1 icenses of*™* months and upwards licenses m^er three months fragmwts not distinguishable Total Amount of duty. Dolls, els. 246,844 348,248 1,239,279 133,295 106,689 129,757 2,819 1,834,371 372,561 30 (4) Calculated at the same rate as in the year 1799. («0 The last quarter for Massachusetts estimated. — il 22,537 — . A m i of duly. 3,450 9,591 - Total 01 27 75 17 , Number. («) Retailers' licenses— On wine On spirits Number of stills. - 13,041 365,159 44 216 [1801. REPORTS OF T H E N. ESTIMATE of the quantity of public lands within the Indian h<mndary line, northwest of the river Ohio, remaining unsold on the Is/ November, 1801. EAST OF SCIOTA RIVER. Steubtnville district contains, estimated acres 1,861,124.80 Ded\ict, viz. Sold at New York in 17S7 - 95,613.76 Sold at fr*sburg in 1797 - 31,432.26 Sold at land office, Steubenville, to this day - 16l,03S.7S Granted by Cowjress to J. H. Dorman . - 23,040.00 311,124.S0 1,550,000.00 Marietta district contains, esi m a ted acres 1,303,841.75 Deduct, viz. Sold at New York . 19,349.75 Sold at Pittsburg \ 10,573.85 Sold at land office, Marietta - 3,9*8.55 fL, — 33,842.15 1,269,999.60 Chillicothe district contains, estimated acres 2.090,402.72 Deduct, viz. Granted to settlers at Gallipolis 24,000.00 „> Granted to Canada and Nova Scotia refugees - 43,040.00 Sold at land office, Chillicothe 163,262.72 230,302.72 1,860,100.00 Military tract contains - 2,539,110.00 Deduct, viz. Granted to United Brethren 12,550.00 Ebenezer Zane's location 539.70 Military locations ascertained 1,034,556.70 Military locations estimated 11,473.60 1,059,120.00 _J Ohio Company reservation, estimated ' _ 1,479,990.00 . 80,000.00 1861.] i SECRETARY OF THE TREASURY.' 245 WEST OF THE VIRGINIA MILITARY LANDS. East of Great Miami, viz: Part of Ludlow's survey, not ineluded in Symmes's patent Reservations in Symmes's patent, estimated North of Ludlow's survey, estimated - 232,268.00 27,732.00 760,000.00 West of Great Miami, being the surveyed part of Cincinnati district, contains estimated acres - 2,070,426.40 Deduct: Sold at Cincinnati land office 70.426.40 1,020,000.00 2,000,000.00 3,020,000.00 Total acres 9,260,089.60 o. ST A TEMENT £ C) of lands sold in the districts of Steubenville, Marietta, Chillicothe, and Cincinnati, showing the moneys paid thereon, and the amount due on the Is/ November, 1801. SALES, WHEN MADE. DISTRICTS WHERE SOLD. From Steubenville, private sales July 1, 1800 May 25, 1801 Marietta, public sales Chillicothe, do, May 1, 1801 Cincinnati, do. April 7, 1801 Steubenville, private sales Sept. I, 1*00 .Marietta, do. July 1, 1800 Cbillicotne, do, June 1, 1801 Cincinnati, do, May 1, 1801 Period. To Aug. 31, 1800 2 months June 13, 1801 3 weeks May 23, 1801 3 weeks Ap'l 27, 1801 3 weeks Nov. 1, 1801 11 months Nov. 1, 1801 16 months Nov. 1, 1801 5 months Noy. 1, 1801 6 months Quantities of Amount of Amount of Amount paid Amount due Amount of land sold. purchase surveying ex on purchase. on purchase. forfeitures. money. penses. Aertt. A ,ithi. 38,365 10 2,373 70 99,057 60 27,770 00 122,673 38 1,5-11 85 64,205 12 42,656 40 Polls 76,730 6,995 229,918 56,881 245,3-16 3,089 128,410 87,514 393,616 45 834,887 11 as. 80 02 32 89 76 70 21 38 Dolls 35-1 24 998 2lM 1,149 15 774 305 as. 00 00 00 45 00 00 00 82 5,974 27 Dolls, 22,563 f,748 65,012 19,299 69,714 772 39,912 29,106 as. 76 75 73 37 99 41 17 98 248,461 09 Dolls, 54,167 5,246 164,875 37,58-2 175,631 2,317 88,498 58,107 as. 01 27 59 52 84 29 07 40 586,426 02 Dolls, 1,171 43 61 266 70 as. 00 16 00 52 00 463 23 70 00 2,147 91 uo o S T A T E M E N T O—Continued. Periods of jpayment for the instalments oo o due, per the above statement. TEAR WHEN PAVADI.E. CO H O Total. Districts where payable. 73 ArnouRt in 1801. Steubenville Marietta ChillKOthe Cincinnati $ 6 , 9 1 5 6'3 . . . $24,682 85 283 78 2,564 99 960 19 10,440 71 TREASURY DEPARTMENT, Register's Amount in 1802. 24,966 63 Amount in 1803. $73,198 2,521 76,913 28,287 80 17» 77 73 181,221 47| Amount in 180'! $78,3% 2,521 86,243 31,946 36 17| 35* 59 199,107 48 K >H Amount in 1805. $46,305 * 2,237 87,651 34,495 27 39| 54) 47 170,689 68 $229,798 7,563 253,373 95,689 88 52| 66 91 586,425 971 S3 KJ o H S n H 5» M Office, December 11, 1801. fe G Stated from the records in this office. J O S E P H NOURSE, Register. to »u to p. oo STATEMENT of the debt of the United States on the 1st of January, 1802, with interest and charges thereon, inreimbursement 0,1 SIX fund P^ cenl- and deferred stock, and exclusive of sums passed to the credit of the sinking Principal. Six per cent, stock Deferred stock SB Three per cent. Principal. $711,700 80,000 1,847,500 176,000 6,480,200 1,590,000 1,150,000 At 8 pet cent. At 3 per cent. Dutch debt. $3,350,362 01 572,391 16 Interest. 00 00 00 00 00 00 00 $12,702 4,800 101,612 7,920 518,416 95,400 57,500 00 00 50 00 00 00 00 12,035,400 00 Principal Premiums Interest and reimbursement. 828,902,007 41 13,677,517 82 $41,879,525 23 19,079,705 63 Navy six per cent. . 1796 do. Five and a half per cent. Four and a half per cent. Eight per cent. Bank six per cent. Bank five per cent. - Rate. PJ O SB -r 3 Ji O **1 828,350 50 Guilders. 24,650,000 137,500 24,787,500, at 40 cents Total nominal 9,915,000 00 82,909,630 86 At 4 & 4-5 percent. 476,931 00 5,228,034 67 j- Total nominal principal brought forward Reimbursement of six and deferred stock, calculated by the table, upon $38,90-2,007 -11 at Stock redeemed 1st January, 1803, for the deferred 13,677,517 S3 at 883,909,630 86 16.857635 per cent. 2 per cent. 5,037,740 57 Unredeemed principal on 1st January, 1802 77,881,890 29 amount rtdeemed in the year 1801. Reimbursement ol six per cent, and deferred stock, estimated as above Instalment of the Dutch debt in 1801, and premium* Temporary loans refunded to bank in 1801 Redeemed by lands, to this day, in 1801: Six per cent. . . . Deferred . . . Three per cent. Eight per cent. CO n o so - 81,051,500 73 504,000 00 700,000 00 $14,145 3,081 5,088 1,500 H > 78 90 no 00 73 < 33,816 58 3,97),317 31 Unredeemed principal on the 1st January, 1801, as per statement of the debt of the United Slates, printed public accounts 80,161,307 60 H X m § T R E A S U R Y DEPARTMENT, Register's o Office, December 12, 1801. J O S E P H NOURSE, Register. > a G 50 to fc. 10 it. ST A TEMENT of the sums annually payable in Holland, on principal and interest. GUILDERS. Total in dollars, to be Year when payable. Total in dollars, payable in Hollund. Principal. Commissions, &c. Interest. 1803 1804 1805 1806 1807 1808 1809 3,550,000 5,550,000 4,350,000 4,000,000 3,700,000 2,300,000 600,000 600,000 59,577 80,382 68,307 65,332 63,015 75,080 6,600 6,300 24,650,000 TREASURY 10 10 10 10 00 00 00 00 1,145,250 973,250 713,250 513,250 329,000 158,000 60,000 30,000 421,595 00 3,922,000 4,754,827 6,603,632 5,131,557 4,578,582 4,092,015 ' 2,533,080 666,600 636,300 in America, in order to meet the pay- ments in Holland. Total. 1801 1802 prOTidtd each year, 10 10 10 10 00 00 00 00 $ 1,901,931 2,641,453 2,052,623 1,831,433 1,636,806 1,013,232 266,640 254,520 28,996,595 00 11,598,638 $950,965 2,271,692 2,347,038 1,912,028 1,734,119 1,325,019 039,936 260,580 127,260 50 00 00 00 50 IK) 00 00 00 11,598,638 00 DEPARTMENT, Register's Office, December 11, 1801. J O S E P H NOUKSE, Register. a. STA TEMENT exhibiting the amount of the principal of the public debt which may be discharged in the eight 1802—1809, by applying an annual sum of $7,300,000 to the payment of the principal and interest. years P A Y M E N T S ON A C C O U N T OP YEARS. n m c i f i L AND itrrflMnrr. ixTEamrr. Interest and re- Interest and imbursement principal on on six per ct. the Dutch and deferred debt. stocks. On the three On all other species of doper cent, mestic debt. stock. CO M O » PR1NCIPAU. Navy six per cent, stock. Temporary Five and loans dne to a half per the bank. ct. stock. Four «nd a half per ct. slock. Eight per cent, stock. Total principal and interest. H H • O T3 1801 1803 1803 - I HOt 1805 1806 1807 1808 1809 • - « $ 9 5 0 , 9 6 5 50 $ 3 , 3 5 0 , 3 6 2 01 2 , 2 7 1 , 6 8 8 00 3,350,362 01 2 , 3 1 7 , 0 3 8 00 3,350,362 3,350,362 3,350,362 3,350,362 3,350,362 3,850,362 01 1,948,028 00 01 1,734,119 50 01 1,325,019 00 639,936 00 01 260,580 00 01 127,260 00 01 $572,391 572,391 572,391 572,391 572,391 572,391 572,391 572,391 16 $8-28,350 50 8277,201 33 $7,300,000 16 811,718 27 218,490 56 7,300,000 16 7)8,608 81 216,005 11 $420,601 88 7,300,000 16 762,515 23 880,612 00 7,300,000 16 714,081 57 I,338,146 26 7,300,000 16 638,786 71 100,636 86 $ 1 , 8 4 7 , 5 0 0 $150,387 26 7,300,000 16 524,368 57 $2,592,298 26 7,300,000 16 316,981 71 2,933,002 12 7,300,000 00 00 (X) 00 00 00 00 00 -3 X M H pa P3 > co n Total principal reimbursed to Jan. 1, 1810 11,399,263 06 9,915,000 00 Remaining due 19,079,705 63 b 8 0 , 0 0 0 0( on do. 25,452,521 60 711,700 00 2 , 7 4 0 , 0 0 0 00 1,847,500 150,387 26 5,525,300 38 32,289,150 70 _ 954,899 62 49,592,739 59 25,612 74 Amount of debt on January 1, 1802 « DUpfHJseii aniuuuk v»i reiiiiuaiices un u< <:. 6 Amount o f t h c 1796 six per cent, stock. . . . . 77,881,890 29 to m 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. INDEX 554 Bank, plan of a national, proposed, 54, 72. capital stock, of what aiuouut, 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, ill 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. fitvor the increase of the precious metals, 61. tend to lower the rate of interest, 67. • _ Bounties considered as a mean of encouraging manufactures, 110, 130. C. Claims of American citizens against Prance, amount of, assumed and paid, 264, 266, 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 tores, 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, f* 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, tariifof, 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, 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. 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, 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 Uio 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 6,288Frauds on the revenue, how prevented, 23. F u n d i n g system established in 1790, 165. G. Gold and silver, amount of, increased by establishing hanks, 55. proportion of, in the United Stales, in 1790, estimated. 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 chargeahlo 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, 2o8. duties accrued on, in the years 1802 and 1803, 290. 1801 to 1804,297.302,311. 1904 and 1905, 337. 1805 and 1906,362. 1806 and 1807,379. 1907 and 1908,403. 1908 and 1809, 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, lbOo, o —See Revenue. Internal duties created in 1794,159. Internal duties, receipts from in 1900, 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 e w n v r . 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. Lorui recommended to supply a deficiency in the receipts. 392, 400 423 r 448, 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 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 and consumed from 1790 U> 1793, quanuty of, 211. See Merchandise imjxjrled. N. National bank proposal to be established, 54. Navy expenses of 1802, estimated, £22. 1803, do 253. 1804. do 263. 1S05, do 2S6. 1806, do 298. from 1st April. 1801, to 3ist 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, osti mated, 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 distrioited 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 consolidating the, proposed, 333,347 to 3oo. amount of the, in 1806, 349. KK Q94 0 f ; i Q estimated a m o u n t that maybe paid, m 1809 to 1824,354,355. amount paid in 1807, 358, 371. in 1811, 4 4 5 , 4 6 1 . from April 1, 1801, to January 1,1812, 463. a m o u n t on J A : m a r y l l S 1 2 _ 1 4 6 , 464. a m o u n t paid m 1812, 4 6 8 , 4 8 0 . ^ 1814, 534. t t ^ ^ T T ^ J l pubbc debt, j S ^ f f i f f i S S 1795 and 1801, 1 f i 219 244 p r ^ S f e of'the. pledged for the public debt, 163. S d T l S O l , 220, 246. 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, 308. receipts from, in 1801 to 1805, 31 / . sold in 1806, 331, 34*. 1807, 356. 368. 1808. 373, 385. 1809.398, 411. sold from 1800 to 18(0, 421, 432. sold in 1811,448. , tI . JJO may be applied as & bounty to soldiers enlisting, 44b. sold in 1M2, 478. 1813, 511. Ibl t, 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 1801, 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. Revenue, frauds of the, how to be prevented, 23. s 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, t&', * 1901,216„lT 1801 to 1805,317. 322. 1908,395. 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. Saints foreign and domestic, additional duties proposed on, M. Stampdutiesexpire 4th March 1803 218 2 2 1 . ^ / ^ , State debts, ought to be assumed bv the Union, 14, 28, 30. amount of; estimated, So, provision for liquidating the, 164. S ^ i ^ E S SSSrESbTlW quantity of, 2 4 , - S e e S u r p l ^ u f to internal improvements, 359. T. J Vm l^iHpd 449. 490.—See Direct taxes. Taxes, internal, proposed to be l e v i e d , ^ , - 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 469, 492. treasury unotes, amount authorized in 1812, 1813,492.499,518. 1914, 525. 529, 532, 541-2. in circulation in 1914, 529. an increase of the rate of interest on, proposed. 530. y. Virginia, claims of, in 1799. 36. W. Wines, additional duties proposed on, 22. imported and consumed, quantity of, from 1790 to 1798, 241.Maxhandisc imported. END OF T H E F I R S T VOLVME.
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