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TABLE
k
k
OF
CONTENTS
*
Mr. Hamilton on Public Credit
^ R e p o r t by
J ^ Report by M r . Hamilton on a National Bank J. Report by Mr. Hamilton on M a n u f a c t u r e s
^ ^ R e p o r t by Mr. Hamilton on Establishing a Mintt
^ w i e p o r t by M r . Hamilton on Public Credit
^ R e p o r t by M r . Gallatin on the Finances
' IT7
J Report by M r . Gallatin on the Finances
Report by M r . Gallatin on the Finances
-}• Report by M r . Gallatin on the Finances
^ R e p o r t by M r . Gallatin on the Finances
V, Report by M r . Gallatin on the Finances
Report by M r . Gallatin on the Finances
* ^ R e p o r t by M r . Gallatin on the Finances
Report by M r . Gallatin on the Finances
Report by M r . Gallatin on the Finances
" ^ R e p o r t by M r . Gallatin on the Finances
Report by M r . Gallatin on the Finance?
Report by M r . Gallatin on the Finances
. . R e p o r t by W i l l i a m Jones, (Acting Secretary
the Fiuances
P^ Report by W i l l i a m Jones, (Acting Secretary
the Finances
° R e p o r t by G. W . Campbell on the Finances
<0
VOL. I . — 1
CM
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
1S94
1305
1806
1807
1808
1809
1809
1810
1811
1812
1813
1813
1811
Fag<?.
3
54
78
133
157
216
252
£62
285
297
331
356
373
391
398
421
443
468
488
499
523
1807.]
SECRETARY OF THE TREASURY.
REPORT
ON
THE
373
FINANCES.
DECEMBER, 1808.
In obedience to the directions of the net supplementary to the act entitled
" An act to establish the Treasury Department," the Secretary ofthe Treasury respectfully submits the following report and estimates.
The nett revenue arising from duties on merchandise and tonnage, which accrued during the year 1800, amounted to $16,615,430
And that which accrued during the year 1807, amounted, as
will appear by the statement (A,) to
16,059,924
The same revenue, after deducting that portion which arose
from the duty on salt, and from the additional duties constituting the Mediterranean fund, amounted, during the year
1806, to
14,848,784
And during the year 1S07, to
.
.
.
.
14,375,855
But it is ascertained that the nett revenue which accrued during the first
three quarters of the year 1808 did not exceed eight millions of dollars, and
is daily decreasing.
The statement (B) exhibits in detail the several species of merchandise,
and other sources, from which that revenue was collected during the year
1807.
It appears by the statement (C) that the sales of the public lands have,
during the year ending the 30th September, 1 SOS, amounted to about 200,000
acres; and the payments by purchasers to near 550,000dollars. The proceeds
of sales in the Mississippi Territory, being, after deducting the surveying
wid other incidental expenses, appropriated, in the first place, to the payment
of a sum of 1,250,000 dollars, to the State of Georgia, are distinctly stated.
It appears by the statement (D) that the payments on account of the principal of the public debt have, during the same period, amounted to only
2,335,000 dollars. But the payments from the Treasury, for the annual
reimbursement of the six per cent, and deferred stocks, and for the final reimbursementofthe eight per cent, stock, will (exclusively of a sum of 730,000
dollars, already in the hands ofthe Treasurer, as agent for the commissioners
ofthe sinking fund,) amount, during the last quarter of this year, to 5,376,000
dollars ; making the total of public debt reimbursed from the 1st of April,
1801, to the 1st January, 1809, about thirty-three million six hundred thousand dollars, exclusively of more than six millions paid during the same period, in conformity with the provisions of the treaty and convention with
Great Britain, and of the Louisiana convention.
The public debt will, on the 1st day of January, 1809, amount to 56,647,663
dollars, consisting of the following items:
Old six per cent, stock, nominal amount, $20,706,603 22
unredeemed
.
.
.
$11,919,877 57
Deferred stock, nominal amount, $11,717,476 92unredeemed 9,386,627 08
New six per cent, stock, exchanged at par for old Six and
deferred
.
- 5,993,343 50
New six per cent, stock, arising from conversion of three per
cent, stock, at 65 new six for 100 three per cent, stock - 1,859.770 70
374
REPORTS OF T H E
1796 six per cent, stock Louisiana six per cent, stock
.
Total six per cent, stock
I hree per cent, stock
.
.
[1S07.
$30,000 00
11 £50,1)00 00
.
-
§40,489,618 85
16,158,014 42
$56,647,663 27
The interest on the whole debt, and the annual reimbursement on the.MX
per cent and deferred stocks, will, for the ensuing vear, amount to 4,226,000
dollars, leaving, in order to complete the annual appropriation of 8,000.1)00
dollars, a sum of 3,774,000 dollars applicable to the reimbursement of the new
exchanged six per cent, stock. The whole of that and of the other new six
per cent., arising from the conversion of the three percent, stock, amounting
together to 7,853,000 dollars, would thus be reimbursed within two vears
And alter the 1st day of January, 1811, the whole annual amount pavable on
account ot interest and annual reimbursement, could not, during the seven
ensuing years, exceed 3,756,000 dollars. But, under existing circumstances,
it • believed that the reimbursement of that new six per cent stock will be
nominal, and must be effected by incurring a new debt to an equal amount.
W m l ? ' " a ' ™ e i p t s into the Treasury do ring the year ending on the 30th
1S08 M,he
>
y Principally arose from the revenue accrued during
y
.fr'
t h e
Wwwuron
n c c o u n t o f d r B w b a c k
h a v i n
^en
d mmished by the embargo,) have been greater than those of any preceding
yoar, and amounted to .
.
oi7QR9/iiQ oo
And the specie in the Treasury on the 1st October, 1807*,
amounted to .
.
.
.
8 5 2 9 5 7 3 08
Making together
-
-$26,481,992 98
t
l l I ! S ^ , ^ 4m e cn n sS, s td, u n n ? A e 8a ™ e l*"od have amounted^ the sum of
n
PL I ' i i a ' 1 b ' o
? <* «he following items :
Civil department and miscellaneous expenses
.
_
a . o~qnr-» in
Foreign intercourse, and payment of Amerlean claims, assumed by the Louisiana
convention
.
.
, n r ,rQ
Military and Indian departments, includ'
ing fortifications and the expenses of the
new armv
.
ino-jrco rNaval department, including the appropria'
'
'
of V e S 0 6 4 4 ? ' t 0 C ° VPr t h e d e f i ^ 1
Public d ^ principal 'and inters!, (the 2 : 2 5 7 ' ° G 1 4 7
greater part of the payments for the year
1808 falling, as already stated, , n the
last quarter,) have amounted only to - 5,6S8,9S4 89
L e
iaKba,aI,Cein
t
h
e
'
-
the 30th September,
-
'
*
13,846,717 52
,
1807.]
SECRETARY OF THE TREASURY.
375
The cash in the hands of collcclors and receivers, and the outstanding
revenue bonds, which will almost altogether fall due prior to the 1st of January, 1810, may, after deducting the debentures yet uupaid, and the expenses
of collection, be estimated to have amounted, on the 30th September, 1808,
<o - $10,500,000
Making, together with the balance in the Treasury on that
day, of r
- 13,846,COO
An aggregate of
.
.
.
.
.
$24,24"J,000
Although the expenses of the present quarter cannot at present
be precisely ascertained, they will not, including the reimbursement of 5,376,<X)0 dollars, on account of the principal
of the public debt, exceed
.
.
.
.
8,346,000
Leaving on the 1st day of January, 1S09, a sum of -
-
$16,600,000
Sixteen millions of dollars, in cash or bonds, payable during the year 1803,
and applicable to the expenses of that year.
It is presumed that the receipts arising from importations and payments
for lands, subsequent to the 30th September, 1808, will not be greater than
the deductions on account of bad debts, and ofthe extension of credit on
certain articles.
The expenses of the year 1809 would, according to the appropriations
already made, and to the usual annual estimates, amount to thirteen millions
of dollars, consisting of the following items:
^
no
1. Civil list and miscellaneous expenses $9(W,000
2. Foreign intercourse 200,000
3. Grants by Congress, and other miscellaneous unforeseen
demands
I? 0 ' 0 0 ®
4. Military and Indian departments
5. Naval department
1,014,000
6. Annual appropriation for the public debt
•
8,0U0,0UU
$ 13,000,000
Leaving a surplus of only three millions of dollars for defraying all the
expenses for fortifications, military stores, increase of the army and navy,
or otherwise incident to a state of actual war, or of preparations for war.
The annual appropriation on account of the public debt, amounting to
eight millions, and the interest for the year 1S09. being less than three millions of dollars; an authority to borrow five millions would only create a
new debt equal to the principal of old debt reimbursed during that year and
appears sufficient to provide for any deficiency arising from lhe extraordinary expenses which may be thus authorized by Congress.
It thus appears, that, notwithstanding the general wartare of the belligcrant
powers against neutral nations, and the consequent suspension of commerce
which took place in the latter end of the year 1S07, and notwithstanding the
increased rate of expenditure naturally arising from that state ol things, me
ordinary revenue will have been sufficient to defray all the expenses ofthe
years 1808 and 1S09, including, for 1S(IS, a r e i m b u r s e m e n t of debt exceeding
six millions of dollars, and without making any addition to that debt in 1809.
The measures necessary to be adopted, in order to make a timely provision
376
REPORTS OF T H E
[1S07.
for the service of the ensuing years, depend on the course which the United
States will pursue in relation to foreign aggressions. And that being yet unascertained, it becomes necessary to examine the several alternatives left to
the choice of Congress.
Either the navigation of the ocean will be abandoned by the United States,
or it will be resumed.
T h e first supposition is that of a continuance of the embargo of the vessels
of the United States, and admits of two alternatives.
1. Either a provision generally forbidding exportations, may continue to
make part of the system ; in which case, importations, whether expressly interdicted or not, must, for want of the means of payment, be also discontinued;
2. Or, exportations and corresponding importations may he permitted in
foreign vessels.
The second supposition also offers two, and only two, alternatives. It may
indeed be admitted that the decrees of France can be enforced only in her
own territories, and in those of her allies; that, however efficient in preventing any commerce between the United States and herself, those decrees eannot materially affect that between her enemies and the United States; and
may, therefore, in that respect, be disregarded. But Great Britain having
the means of enforcing her orders on the ocean, the navigation of that
element cannot be resumed without encountering those orders; and they
must either be submitted to or resisted. There can be no middle way between the two courses.
3. Either America must accept the portion of commerce allotted to her by
the British edicts, and abandon all that is forbidden—and it is not material
whether this be done by legal provisions, limiting the commerce of the
United States to the permitted places -or by acquiescing in the capture of
vessels stepping beyond the prescribed bound*.
4. Or, the nation must oppose force to the execution of the orders of England ; and this, however done, and by whatever name called, will be war.
Of those four alternatives, the second and third differ neither in principle
nor in their effect on the revenue. As both plans consist in permitting partial exportations and importations, it must lie acknowledged that, objectionable as that course may be in other respects, if considered merely in relation
to the fiscal concerns of the Union, it will, for the moment, be attended with
less difficulties than either the present system or war. For, however narrow
the limits to which, on that plan, the exportations and importations of the
United States may be reduced, yet there will still be some commerce, and
some revenue arising from commerce. And as, in pursuing that humble
path, means of defence will become unnecessary, as there will be no occasion
for either an army or a navy, it is believed that there would be no difficulty in reducing the public expendiUire to a rate corresponding with the fragments of impost which might still be collected. If that course be adopted, no
other provision seems necessary than an immediate reduction of expenses.
The system now in force, and war, however dissimilar in some respects, are
both considered as resistance. Nor is it believed that their effect on national wealth and public revenue wonld be materially different. In either case,
a portion, and a portion only, of the national industry and capital heretofore
employed in the production, transportation, and exchange of agricultural products, or in the foreign carrying trade, can immediately be diverted tc other
I
'
J
!
j
t
,
f
1807.]
objects.
S E C R E T A R Y OF T H E TREASURY.
377
In case of a continuance of the embargo and non-exportation,
either a less quantity of commodities must be produced, or a portion will
accumulate until the freedom of commerce shall be restored. In case of
war, that surplus will be exported ; and although a part must be lost by capture, a portion of the returns will be received. If the embargo and suspension of commerce shall be continued, the revenue arising from commerce
will, m a short time, entirely disappear. In case of war, some part of that
revenue will remain: but it will be absorbed by the increaseof public expendiUiro. In either case, new resources, to an amount yet unascertained,
mu t be resorted to. Hut the assertion that that amount will be nearly the
same, in either of the two alternatives of embargo or war, is correct only on
the supposition that the embargo and non-exportation are, after a certain
time, to l)e superseded by war, unless foreign aggression shall cease; and
that rendering, therefore, preparations for war necessary, they require a rate
of expenditure far beyond that of a peace establishment.
If, however, the embargo and non-intercourse are to have equal continuance with the belligerant edicts, indefinite as that is; if it be determined to
rely exclusively on that measure, and at all events not to risk a war 011 account of those aggressions; preparations for war will become useless, and
the extraordinary expenses need not be incurred. In that case, the expenditure for the year 1809 ought not to exeped the sum of thirteen millions
of dollars, which, as has been stated, is requisite for the support of the present
establishment. And this would leave for the service of the year 1S10 the
above-mentioned surplus of three millions, and the proposed loan ot five millions, which, together, would be sufficient to defray the peacc establishment,
and to pay the interest on the public debt during that year. T h u s two
years more would be provided for, without either increasing the public debt
or layin r any new taxes. It is certainly only with a view to war, either
immediate or contemplated, that it will become necessary to resort, at least
to any considerable extent, to extraordinary sources of supply.
Legitimate resources can be derived only from loans or taxes; and the
reasons which induce a belief that loans should be principally relied on m
case of war, were stated in the annual report of last year. That opinion
has been corroborated by every subsequent view which has been taken of
the subject, as well as by the present situation of the country. T h e embargo has brought into, and kept in the United States, almost all the floating
property of the nation. And whilst the depreciated value of domestic products increases the difficulty of raising a considerable revenue by interna
taxes, at no former time has there been so much specie, so much redundant
unemployed capital, in the country. T h e high price of public stocks, and
indeed of all species of stocks, the reduction of the public debt, the unimpaired credit of the General Government, and the large amount of existing bank
stock in the United States, leave no doubt of the practicability of obtaining the
necessary loans on reasonable terms.
.
T h e geographical situation of the United States, their history since the
revolution, and, above all. present events, remove every apprehension of frequent wars. It may therefore be confidently expected that a revenue derived solely from duties 011 importations, though necessanly impaired by
war, will always be a m p l y sufficient, during long intervals of p e ^ e , not
only to defray current expenses, but also to reimburse the debt contracted
during the few periods of war.
,
No internal taxes, either direct or indirect, are therefore contemplated, even
in the case of hostilities carried on against the two great belligerant powers.
378
[1S07.
REPORTS OF T H E
Exclusively ofthe authority which must, from time to time, be given to borrow the sums required, (always providing for the reimbursement of such
loans within limited periods,) and of a due economy in the several branches
of expenditure, nothing more appears iicces>sary than such modifications,
and increase of the duties on importations, as arc naturally suggested by
existing circumstances.
1. Although importations have already considerably diminished, and may,
under the system now in force, shortly be altogether discontinued, no reasonable objection is perceivcd against an increase of duties on such as may
still take place. Had the duties been doubled on the 1st of January, 180$,
as was then suggested in case of war. the receipts iuto the Treasury during
that and the {ensuing year, would have been increased nine or ten millions of
dollars. Those articles of most universal consumption, on which an increase of duty would be inconvenient, are generally either free of duty or
abundant
It is therefore proposed, that not only the Mediterranean duties, which
will expire on the 1st day of January next, should be continued, but that all
the existing duties should be doublet! on importations subsequent to that day.
2. The present system of drawbacks also appears susceptible of modifications. The propriety of continuing, generally, that provisiou of the embargo
laws which allows a drawback on erticles exported more than one year
after they have been imported, is doubtful. A modification might check
speculations and monopolies. The diminution of importations has afforded sufficient profits on most of the articles which had been imported;
and a provision which would have a tendency to bring into market and to
lessen the price of those articles, would l>e generally beneficial.
3. The causes which induced the adoption of a partial non-importation
act have ceased to exist. The object then in view has merged into afar
more important one. The selection of interdicted articles was founded on
the possibility of obtaining them in other countries than England, and docs
not agree with existing circumstances. The act producing, now, no other
effect than to increase the temptations, and to produce habits of smuggling,
impairs and injures the revenue. A general non-intercourse with that
country would supersede that partial measure, and might be executed with
greater facility. And it is believed that, under every event, its repeal will
be beneficial; and that a permanent increase of duties on articles selected
with the view to those which may be manufactured in the United States,
would be preferable.
4. It is believed that the present system of accountability ofthe military
and naval establishments may be rendered more prompt and direct, and is
susceptible of improvements, which, without embarrassing the public service, will have a tendency more effectually to check any abuses by subordinate agents. Provisions to that effect are rendered more necessary by the
probable increase ofexpense in those departments.
All which is respectfully submitted.
ALBERT
Secretary
TREASURY DEPARTMENT,
Dcctmber
10,
1808.
GALLATIN,
of the
Treasury.
A.
ao
L
A STATEMENT
exhibiting the amount of duties which accrued on merchandise, tonnage, passports, and clearances, —•
o/* d' btniures issued on the exportation of foreign merchandise ; of payments for bounties and allowances, and for
expenses of collection, during the years 1800 and 1607.
in
Duties on
Debentures issued.
Years.
1806
1807
Passports and
clearances.
Tonnage.
Merchandise.
826,336,818 63
26,697,274 02
9220,908 67
206,331 06
# 2 0 , 5 8 8 00
19,896 00
$9,116,875 00
10,067,191 00
Bounties and
allowances.
Gross revenue.
8198,781 32 917,932.680 98
188,634 90 a 16,667,675 18
i . .. .
a Gross revenue for the year 1807
Deduct interest and stoia'ge
A STATEMENT
$16,615,429 93
16,059,921 29
-
"
"
so
•<
H
D
C
B
Tons
-
o
o
^
of the amount of American and foreign tonnage employed in the foreign trade, for the year 1807,
as taken from the records of the Treasury.
-
M
SO
cd
H
>
16,652,160 49
American tonnage in foreign trade
Foreign tonnagy
8617,256 05
607,750 96
Nett revenue.
§16,687,675 18
15,514 69
Gross revenue, per statement B
Expenses of
collection.
H
SO
M
>
C5
W
1,089,876
86,322
1,176,198
Total amount of tonnage employed in the foreign trade of the United Stales
Digitized forProportion of foreign tonnage to the whole amount of tonnage employed in the foreign trade of the United States
FRASER
7.3 to 100
CO
-I
o
[1808.
REPORTS OF T H E
380
B.
A STATEMENT
exhibiting the value and quantities, respectively, of
merchandise, on which duties actually accrued, during the year 1807,
(consisting of the difference between articles paying duty, imported,
and those entitled to drawback, re-exported ;) and, also, o/ /Ac n*// revenue which accrued, during that year, /row duties on merchandise,
tonnage, passports, and clearances.
COOM PAYING DIT1EJ AD TlLOKIM
36,261,874 dollars, at I2| per cent. 9,484,68-2 do.
15
do.
•
526,11*2 do.
20
do.
a Additional doty on 46,373,668 dollars, at 2* per«ml
46,972,668 dol iars
Spirits
Sogar
Salt
Wines
Teas
Coffee
Molasses
All other
9,031,018
65,801,816
3,512,672
2,69-2,737
6,173,151
11,016,419
8,-255,763
articles -
81,532,731
1,422,702
105,222
1,156,816
85
30
40
70
7,217,475 65
2,656,016
1,694,432
515,920
8*V292
1.197,966
550,820
412,787
807,638
gallons, at 29.4 cts. average
pounds, at 2 6 cts. avera?e
bushels, at 14.6 cts. .1 venire
gallons, at 30.8 cts. average
pounds, at 19.4 cts. average
pounds, at 5 cts.
gallons, at 5 cts.
Deduct duties refunded, after deducting therefrom duties collected on merchandise, the particulars of which could not be ascertained, ami difference in calculation 3 | per cent, retained on drawbacks Extra duty of 10 per cent, on merchandise imported in foreign vessels
Nett amount of duties on merchandise Duties on tonnage
,
Light money Duties on passports and clearance*
-
Sundry accounts not yet received, estimated at
74
90
24
81
86
95
65
13
15.882,381 23
29,072 35
15,853,308 88
368,275 50
203,349 05
16,424,933 43
-
8159,9K? 51
46,347 55
£06,331 06
19,*96 00
16,651,160 49
1,000 00
Gross revenue, per statement A
Deduct expenses of collection -
16,652,160 49
607,750 96
Nett revenue
1 M 4 M 0 9 53
.
.
.
SECRETARY OF THE TREASURY.
1807.]
Explanatory
Statements
381
and Notes.
« Additional duty of 2 | per cent.
.
.
.
.
.
3i per cent, retained on drawbacks
.
.
.
.
.
Extra duty of 10 per cent. on merchandise imported in foreign vessels
SI,156,816 70
9,201 95
2,130 50
1,168,149 15
932,692 gallons, at 23 cents
9,549
do.
29
~
402 do.
31
do
76,349
34
666
do.
40
1,115,435 do.
25
3,017,756
do.
28
3,862,708
do.
32
38
15,437 do.
46
24
do.
261,153
2,769
124
25,958
266
278,858
811,971
1,236,066
5,866
11
9,031,018
1st proof
-id
do.
3d
do.
4 th do.
5th do.
Other matetials, 1st & 'id
do.
3d
do.
4th do.
5lh d a
6th do
* Spirits—from grain
2,656,046 74
7fi
21
62
66
40
75
68
56
06
04
i Salt—imported, bushels of 56 pounds
Exported
Amount of bounties and allowances,
8188,634 90, reduced into bushels,
at fire bushels the dollar -
1,398,111 43
296,320 77
65,801,816
c Sugar—brown
White
55,934,457 pounds, at 2 | cents
9,877,359
do.
3
1,694,432 20
2,166,129
88,259
943,175
1,031,434
226,999 00
2,407,677 at 12 cents
288,921 24
3,542,672
Paying duty, bushels of 56 pounds Imported, bushels of 56 pounds
Exported
-
1.134,995 at 20 cents
515,9-20 24
2,430,604
22,927
Paying duty, bushels of 56 pounds -
221,630 gallons, at 58 cents
50
27,420
do.
40
309,633
do.
30
548,351
do.
45
10,958 do.
28
413,442
do.
90,703
35
do.
1.070,600 do
23
128,545
13,710
123,853
164,505
4,931
115,763
31,746
246,238
2,692,737
* Wines—Madeira, 1st quality
Madeira, 2d do.
Sherry and St. Lucar
Lisbon and Opoito, &c. Burgundy and Champagne
Teneriffe, Fayal, Malaga, &c
Other, in bottles
Other, in cask*
-
829,292 81
1,544,731 pounds, at 12 cents
/ Teas—Bohea
1,380,429
do.
Souchong
952,482
do.
Hyson
2,295,509
do.
Other green * .
Extra duty on teas imported from
other places than India -
6,173,151
185,367
248,477
304,794
459,101
40
00
20
30
10
76
05
00
72
22
24
80
225 88
1,197,966 86
Explanatory
Statements
and
Notes—Continued.
go
t
Quantities.
Rate of
duty.
g All other articles, v u :
Excess of im- Excess of exportations over portations over
exportations.
importations.
Domestic spirits
Beer Cocoa
Checolate
Sugar, candy
loaf
other, refined
Almonds
Prunes and plums
Currants
•
Figs Aaistns in jars, and Muscatel
Candles, taUo
wax
Cheese
Soap
Tallow
Mace
Nutmegs
Cinnamon
Cloves
Pepper
Pimento
Chinese cassia
Tobacco, manufactured, other than miff a d segars
Snuff
Indigo
gallons
do.
pounds
do
do.
do.
do.
da
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
da
da
do
do.
da
do.
do.
du
do.
do.
191
189,151
l ,096,436
9,682
3,185
34,834
1H6.2W)
560,953
19,934
321,424
90,443
367,738
1,308,896
150,02H
5,462
150,310
121,132
1,429,818
1,951
cn.
9
3
111
9
<
H
2
2
2
2
9
11
2
6
7
9
2,088
9,786
"9,582
426,0*4
372, «I8
61,707
15,969
\55.7W
7
8
815
11
125
50
90
20
6
4
4
6
10
85
Excess of
duties over
drawback.
SI3 37
15,132 08
20,528 72
86 46
3*16 27
3,135 06
12, ItH 20
11,205 06
1,458 6*
6,4-JN 4
M
1 ,8»H 86
7,354 76
19,633 44
3,000 56
327 72
10,521 70
9,489 61
21,442 51
Excess of
Irawbacl* over
duties.
Total.
PC
w
*rs
O
S3
w
O
K
§2,610 00
1,393 00
250
80
90,061
44
1,916 40
14.919
9,468
28
| , R C 90
O
38,948 00
48 90
g
oc
Col (on
Powder, hair gun
.
.
.
.
Starch
.
.
.
.
Glue Pewter plates and di>hes
•
* Anchors and sheet iron
Hoop and slit iron
.
.
.
Nails
Spikes
.
.
.
.
Quicksilver * .
Ochre, yellow, in oil •
dry, yellow
.
.
.
Spanish brown
.
.
.
W h i l e and red lead Seines.
.
.
.
Cordage, tarred
.
.
.
untarred
Cables
.
.
.
.
Steel
Hemp Untarred yarn
Twine, &c.
.
.
.
.
Glauber salts Lead, and manufactures of lead
Coal
Fish, dried or smoked
pickled salmon *mackerel
all other
Glass, black quart bottles
window, not above 8 inches by 10
not above 10 inches by 19
all above 10 inches by 12
Segars
Lime Boots
.
.
.
.
.
270
8,075
573
2,805
2,106
18,690
8,342
61,441
2,817
1
100
100
285
400
200
1
5
50
100
60
40
C
O
Kit)
175
£25
200
CO
75
20
96
75
5l>
04
12
00
76
42
346 08
2,0»0 19
7 . U 7 85
49.K15 80
360 72
9,819 56
1,8 -4) 02
1,424 62
10,604 00
131,h86 00
4 SO
13,5% (M)
288 00
20,008 07
28,471 25 I
80,0*3 50
7,IK) 00
6,819 00 !
5,014 00
9,206 40
30.3J4 80
3,253 V5
8,611 50
54,422 00
65 50
1,991 25
J,7S8 C9
C
-O
CO
1,037 0-1
09
H
O
H
H
>
*<
O
H
H
SJ
H
t8"
02
G
to
Explanatory
Statemmts
and
Notes—Continued.
Quantities
Rate of
duty.
( / ) All other articles—continued.
Excess ol' im- Excess of exportations over portationuover
exportations.
importations.
Shoes, silk
.
.
kid, morocco, Ac,
•11 other
.
Playing cards
.
.
.
.
.
«
.
.
.
.
•
.
.
.
.
pairs
do.
do.
packs
Cts.
25
15
10
25
14,016
36,055
10,011
5,614
Excess of duties over
drawback.
S3,504
5,40*
1,001
1,453
Register's
Office, November
Total.
00
26
10
50
816,433 16
TREASURY DEPARTMENT.
Excess of
drawback
over duties.
J8,?94 03
4807,638 13
17, 1808.
JOSEPH
NOUBSE,
Register.
a
STATEMENT
of the lands sold in the districts of Marietta^ Zanesville, Steubenville, Canton, Chillicothe, Cincinnati,
Vincennes, and Jifftrsonville, from Is* October, 1807, to 30th SejUember, lb08; showing, also, the amount of receipts
from individuals, and payments made by receivers, during the same time: with the balance due. both on the 1st of
October, 1807, and Is/ of October, 1808.
•
<
©
r
1
1
accKtrra by r e c e i v e r s t r o m
I.ANDS SOLD.
OFFICES.
Acres.
Marietta
Zanesville Steubenville
Canton
Chillicothe Cincinnati Cincinnati town lots
Vincennes Jeffersonville
1,2341.584
22,500.25
24,\:07.05
21,008.19
19,028.401
51,4(1090
13.00
22,950.90
32,513.88
Total
195,579.211
Purchase
money.
S*,473
45,120
69,666
40,203
40,890
1(M ,370
10,794
45,901
07,903
I64
50
56
35
794
40
00
80
91
433,444 54
In hands of
Due by indivireceivers, Oct. dual*, October 1,
1, 1807.
1807.
$1,554 41
8,791 98
01,804 30
821,482 73|
179,530 67J
436,646 91)
_
59,778 50
112,357 86*
361,415 684
1,086,060 47J
26,507 13|
65,109 94}
273,794 211
2,153,306 421
a Paid into the Treasury in stock transferred to the United States
Paid in specie by warrants on receivers:
F o r payments made by themselves For payments made by individuals
-
individual*.
584
35
62
834
194
134
19
19
55
545,077 95
$59
71K)
157
1,117
913
10
32
48
51
08
76
914
81
00
no
00
Into the
Treasury.
812,565
46,724
159,861
1,291
123,974
205,030
T h e part
for expend
se*
87
83
11
941
254
63
8619
1,665
5,555
1.291
4,260
6,976
Repayments.
52
99
38
S34
941
18
184
357
90 ),948
08
00
00
171
o
M
#9% 35
Moneys paid by individuals to the Treasurer of the United States in the year ending 30th September, 1808, included in the
above amount of warrants " lor payments made by individuals," but not yet stated in the accounts of receivers
-
H
>
H
»
3,129 074 «581,374 29| 21,868 711 2,387 25|
£537,071 58
28,917 Hf)
•a
w
32,953 40 2,529 87
1,968 951 1,968 951
Payments by receivers, to be covercd by warrants
RFCKIVKR8.
O
On account of On account
purchase mo- of forfeitures.
ney.
$8,011
39,749
130,153
11,764
116,930
201,171
3,108
14,560
19,328
to
rAV.MF.NT8 BY
5G5.992 47
22,732 76J
'
5,347 29
$5847374 291
fl
to
a
to
S T A T E M E N TD—Continued.iO
Balance lst October, 1808.
Toul
balance due
1st October,
From indivi- By receivers.
1808.
duals.
TOTAL SALES OP LAND,
Marietta
Zanesville
Steubenrilie .
Cant.rn
Chillicothe Cincinnati
Do. town lots
Vincenne*
Jefferson ville
915,944
184,901
375,859
31,498
288,376
989,959
7,685
9«,5ll
48,035
31*
824
85|
51*
284
791
81
25J
36
01,870
33,149
10,582
5:1,495
110,582
8,140
17,407
181 015,944
01
186,777
51
109,009
65
45,081
411 341,871
19 I 099,841
7,685
22» 104,007
591
Acres.
2,669,994.201
195,579.211
Dollars.
5.547.H65 83
433,444 51
2865,573.47
5,981,310 37
From the opening of the land offices to the lst Oct. 1807
Amount sold since, as above
.
.
.
.
44
H3»
36J
161
70
9H|
81
47
ESTIMA
Offices
Total 2,041,873 01 f
Total
Offices.
TE showing when the instalments, which compose the balance due from individuals, will become payable.
Becoming
Renaming
due in 1808. due in IbOO
Becoming
lleeommg Becoming Total balance.
due ut 1810. due in 1811.
due in '
1*12.
as
1
3
235,239 721 2,276,912 74
Marietta
Zanesville
SteubenvUle Canton
Chillicothe Cincinnati
D a town lots
Vmcenne*
Jefferson ville
Toul
94,999 (VI
41,433 7>H
120,082 271
94,889 57»
66,371 13
148,871 10
94401 76
331,819 07f
121,996 53
290,986 20
923 511
18,663 49
586,817 051
651,778 024
91,018
46,925
66,815
11,046
51,595
216,3*6
2,288
34.528
14,653
88
(VI
56
854
52
14
8|
69
42
451,258 911
91.490
24,011
90,119
11,725
22,533
125,516
9,688
94.598
16,990
265,608 b9|
Note.—The latest returns from Zanesville are to 31st July.
T R E A S U R Y D E P A R T M E N T , November,
93
47
71
»3
274
52
50
69
97
1808.
1*618
6,160
I3,97M
11,725
4,649
21,521
2,698
7,868
16,990
29
40
21
83
20
81
50
87
97
915,941
184,901
375,859
34,198
288,376
969,969
7,685
96,511
48,635
314
N24
85|
514
2*4
79|
81
254
36
86,210 13 2,011,673 0 I |
r.
S T A T E M E N T C—Continued.
»g
TEMENT
of the lands sold in the Mississippi
Territory, from the time of the last report thereon to the period of
the latest returns received at the Treasury;
showing, also, the amount of receipts from individuals, and
payments
made by receivers, during the same time, with the balance due.
Lands sold.
Receipts by receivers from individuals.
In hands of re- Due by individceivers, per uals, per last
last statement. statement.
Offices.
Acres.
Purchase
money.
Payments by receivers,
i
5*5
On account
of putchase
money.
On account of Into Treasury. The part which
forfeitures,
was for expenses.
1
West of Pearl river
East of Pearl river
13,819.90
4,073.00
$27,639 80
8,146 00
$25,636 08
1,885 94
$105,726 00
6,187 50
$6,909 95
2,036 50
$29,691 584
1,756 26
$U72 724
1,756 26
17,892.90
35,785 80
27,522 02
111,913 50
8,916 45
o 31,447 844
3,428 984
Balance dne.
Total balance Date ofthe
due.
latest returns.
Offices.
By receivers. From individuals.
a
M
O
a Paid into the Treasury by warrants on receivers:
For payments made by themselves - $31,195 82
For payment made by an individual 3*20 00
,
I
$34,515 82
Moneys paid by receivers in the year ending 30th September, 1808, included in the above amount of warrants, but not yet stated in the accounts of receivers 3,067 971
H
H
>
*<
C
t-3
ffi
K
H
fo
Pa
>
C
O
G
5*3
*<
31,447 844
West of Pearl river
East of Pearl river
$2,854 444 #126,455 85 $129,310 291 1808, July 31
14,463 18 1808, July 31
2,160 18
12,297 00
5,020 6 2 |
138,752 85
143,773 47J
C
O
C
O
S T A T E M E N T C—Continued.
•MS TIM A TE showing when the instalments,
Becoming due in
1809.
Offices.
West of Pearl river
East of Pearl river
.
.
.
.
.
.
$35,019 50
2,009 50
37,089 00
which compose the balance from individuals,
Becoming due in
1810.
849,903 20
4,099 00
Becoming due in
1811.
8,946 45
46,369 90
J**1
' " d a from the opening of the land offices to the period of the last report
Amount sold since, as above
.
.
.
V
.
.
.
.
-
Becoming due in
1812.
86,909 95
9,036 50
842,263 20
4,099 00
46,302 90
will become payable.
•
.
Total balance.
8126,455 85
19,997 00
138,759 85
Acres 74,831.604
17,809.90
8149,663 01
35,785 H
O
99,744.40)
50
M
3
185,448 81
i
O
Total
TREASURY
DEPARTMENT,
November,
1808,
—
D.
AN ESTIMA
TE of the principal redeemed of the debt of the United States, from the 1st October, 1907, to the 30th
September, 1808; showing the redemption of the principal of the saul debt, from the \st April, 1801, to the 30th
September, 1808.
Redemption from
1st October, 1807,
(o 30th September, li#>i
Redemption from Total principal
1st April, 1801, redeemed, from
to 30th Septem- 1st April, 1801,
ber, 1807, per to 30th September, 1808.
Secretary's report of the 5th
November, 1807.
»
Amount of warrants issued on the Treasurer of the United States, on account of the
interest of the domestic debt, of the reimbursement of the old six per cent, and
deferred stocks, and of the purchase of the eight per cent, and exchanged six per
com. stocks, from 1st October, 1807, to the 30ih September, 1808, exclusive of
- #4,895,437 18
9320 78 repaid into the Treasury, was
Deduct interest which accrued during the same period, calculated
- $2,596,308 65
quarter-yearly
5,229 03
And loss on the purchase of stock
2,60 597 68
>
73
<
W
H
73
tH
>
93,293,839 50
03
H
O
73
M
H
C
TJ
ON ACCOUNT O P T H E DOMESTIC DEBT.
Reimbursement of the navy six per cent, stock
Reimbursement of the five'and a half per cent, stock Reimbursement of the four and a half per cent, stock Payments made in certificates of the debt of the United States on account of lands
Payments made to foreign officers, and for certain parts of the domestic debt
Payments on account of domestic loans
.
.
.
.
.
—
.
1,011 34
49 20
,375,893
711,700
,847,500
176,000
207,229
76,177
,410,000
80
00
00
(X)
36
86
00
811,669,733
711,700
1,847,5«0
176,000
268/240
76,527
3,440,000
30
00
00
00
70
06
00
c>
z
cs
73
iO
S T A T E M E N T D—Continued.
Redemption from Redemption from Total principal
1st October, 1807, 1st April, 1801, redeemed from
to 30th Septem- to 30th Septem- 1st April, 1801,
ber, 1807, per to 3(lth September, 1808.
ber, 1808.
Secretary's report of the 5th
November, 1H07.
OH ACCOUMT o r THE I'ORCKW DEBT.
T h e amount of warrants issned on ihe Treasurer, exclusive of $9,366 70 repaid into
an
8 0 commi:,sions to
ogents purchasing bills of exchange,
Add this sum, being a balance unapplied of a remittance to the bankers in Amster^
dam, for the purchase of books for Congress, and which is, by warrant, transferred
to the account of Ihe foreign debt
.
.
.
On
On
On
On
the
the
the
the
Deduct interest accruing thereon: '
Dutch debt, including rniuiuisaimw and charges
Louisiana six per cent, stork, including commissions exchanged six per cent, stock, interest pavable in Europe
converted six per cent, stock, interest payable in Europe
488 60
790,633 83
994,980 00
676,191 vM
J
7,599 07
15,757 84
793,751 19
96,680 84
And loss on exchange
Digitized for T R E A S U R Y D E P A R T M E N T , Register's
FRASER
$790,145 93
750,439 03
$40,901 80
Total
Office, November
30, 1808.
$9.987.9!M 69
$10,097,496 49
$9,335,101 81
95.88J.09& 71
98,917,197 55
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 lst 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 composed, 59.
favor the increase of the precious metals, 61.
tend to lower the rate of interest, 67.
•
_
Bounties considered as a mean of encouraging manufactures, 110, 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 vnlw* of, 135. 142.
circulation of, to be prohibited, 155.
Coins of the United States, of what to be compow>d,nnd how denominated,
152.
Commercial restrictions, effects of, on the rrvenue in 1807-8, 398, 409.
Commerce, benefited by funding the public debt, 5.
promoted by man u far tu res, 90, 104.
how affected by the French and British decrees, 376.
Compensation of officers ot Government in 1790,45.
Connecticut, claim of, m 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
Debt, amount of interest 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,
^nvds
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, tariff of, proposed to be modified, 218,227.
cost of collecting the, 218, 227.
an increase of, proposed, 219,242, 378, 401, 424,448.
Duties on imports and tonnage, estimated for 1790, 53.
^
for 1795.170.
Duties.—See Internal Duties, Protecting Duties, Imports, Merchandise.
Dutch debt, created in 1790, 166.
amount of, in 1794, 206.
amount of, in 1802, 225.
instalments payable to 1809, 250.
difficulties in remitting instalments of the, 254, 2bU.
amount of the, in 1803,276.
R
Embargo, its effects upon the revenue considered, 377, 503.
Estimates of receipts and expenditures for 1791, 45, 53.
1795,170,18o,2l4.
1801-2, 222.
1802-3, 253.
180a-4. 263.
1804-5, 286.
1805-6, 298.
1806-7, 331.
1807-8, 357.
1808-9, 375.
1809-10, 399.
1810-11, 422.
1811-12,444,448.
1812-13, 469.
1813-14,488, 500.
1814-15, 526, 530.
Exemption of nujeriajs for manmawun»
materials ^
^
Expenditures.—See Receipts
Exportation.—Sec
and
^
<
Expenditures.
Re-exportation.
F
Finances, ,he effect of a nationalbauk in administering.be, centered, 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 aud from, for tho years 1799 to 1802.2ba,
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, slid 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.
I.
Imported articles, and the duty on each.—See Merchandise imparted.
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, 268.
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 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
disc imported.
„
Incidental revenues received from 1st April, 1801, to 31st March, lbuo, o
—See Revenue.
Internal duties created in 1794,159.
Internal duties, receipts from in 1800, 218, 243.
cost of collection, 219.
receipts from, in 1801 to 1805,317.
outstanding, amount of in 1803, 263
proposed to be increased, 531.—See Revenue.
Internal improvements, surplus revenue maybe a p p l i e d to, 359.
Inventions and discoveries promote m a n u f a c t u r e s , 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
418, 471, 491.
'
'
'
'
Loans, foreign, amount of on 31st December, 1789, 31.
I^oans preferred to taxes to meet the exigencies of a war, 377, 401.
Loans, amount received from, in 1810, 443.
1812, 468, 486.
1813, 488, 492. 499, 516.
1814, 524, 527.—See Revenue.
I*oans, term3 on which they were obtained, 441, 491, 492 to 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 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.
181
INDEX.
Mint, plan for the establishment of a, 133.
expenses of a, how defrayed, 143, 150.
and" consumed from 1790 U 1793, quantity of, 211.
>
See Merchandise imjxjrled.
Molasws^nported
N.
National bank proposed to be established, 54.
Navy expenses of 1802, estimated, 222.
1803,
do
253.
1804.
do
263.
ISOo,
do
2S6.
1806,
do
298.
from 1st April. 1801, to 31st Maxell, 1S05, 327.
of 1807, estimated, 331.
1808,
do
358.
paid, 374.
1S09, estimated, 375, 392.
paid, 399.
from 1802 to 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 179"
1798, 241—See Merchandise imported.
Penalties and forfeitures for infractions of the revenue laws, to be districted to informers and custom-house officers, 425.—See Revenue.
Postage of letters, receipts from, in 1901 to 1805, 317.--See Revenue.
Post Office, revenue derived from the, to he applied to the sinking fond,
review of the law establishing the, 159.
Premiums, effect of granting, on agriculture and manufactures, 113.
INDEX.
559
Protecting duties on imports considered as a bounty on domestic fabrics, 109.
the constitutional power to levy considered, 112.
Prohibitions of imports and exports may be resorted to for the encouragement and protection of manufactures, 109.
Public credit, plans for the support of, 3, 157,172.
a national bank necessary to the support of, 54.
essential to the prosperity of the nation, 197.
defined, 198.
Public debt, advantages of funding the, 5, 98.
nature of the provisions for funding the, 7,161.
of what it consists, 14, 168, 347.
plans for funding the, 17, 43, 45, 161.
plans for redeeming the, 22, 27, 165.
may constitute a part of the capital of a national bank, 72, 75,
157.
laws relating to the, reviewed, 157.
plan for completing the system for liquidating the, 173.
revenues pledged for the payment of the, 168.
amount of foreigu and domestic, in 1790, 14, 22, 31, 33.
1795, 169, 201 to 210.
1802, 223, 248, 250, 279.
when it may be redeemed, estimated, 172, 225, 251, 354.
amount paid, in 1802, 254.
1803, 264, 276.
1804,288,296.
1805. 299, 310.
from Apr. 1.1801, to March 31,1805,328,329,333.
in 1806, 333, 345.
plan for consolidating the, proposed, 333,347 to 3oo.
amount of the, in 1806, 349.
K
Q94 0 f ; i OK
estimated amount that maybe paid, m 1809 to 1824,354
amount paid in 1807, 358, 371.
in 1811, 4 4 5 , 4 6 1 .
from April 1, 1801, to January 1,1812, 463.
amount on Januan; 1, 1812, 446, 464.
amount paid m 1812, 468,480. ^
1814, 534.
t
t
^
^
T
T
^
J
l
p u . c 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, 34s.
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, 448.
sold in 1M2, 478.
1813, 511.
lbl-1,550.
*
m
Public vessels sold, 222.
I ]
3
|
R.
Receipts and expenditures, estimated for 1790, 45, 53.
1795, 170.
comparative view of the, for 1795, 214.
in 1901, 216.
1802, 252.
1803. 262.
1804,285.
^
from April 'l, 1801, to March 31, 1805, 317 to
330.
in 1806, 331.
1807, 356.
1808.373.
1809. 391, 395, 398, 419.
1810, 421, 438.
1811,443. 466.
1812, 468, 482, 486.
1813, 488, 492, 499, 616, 532.
1814, 523, 533.
Re-exportation of foreign merchandise in 1807 and 1908, 409.
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
a l T
1901 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 duly expires 1st January, 1808,356.
a renewal of the, recommended, 449, 490.—See Merchandise
imported.
Sinking fund, plan of a, proposed, 27.
established in 1790, 165, 171.
made permanent in 1792, 166, 169.
operations ofof the, in 1802, 260. 1795, 167, 1/1, 211.
proceedings the, to 1st January,
state of the, in 1806, 346.
in 1810, 440.
in 1813, 498.
South Carolina, claim of, in 1789, 36.
Specie increased by the operation of banks, 55.
Si>ecie payments suspended by banks, 529.
S & 3 mortal
"
WgS&SffSV^X
Merchandise imported.
Saints foreign and domestic, additional duties proposed on, 22.
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, fb.
provision for liquidating the, 164.
S ^ i ^ E S SSSrESbTlW
S u r p l ^ u f
quantity of, 2 4 , - S e e
to internal improvements, 359.
T.
j HO IOIHPW 449. 490.—See Direct taxes.
Taxes, internal, proposed to be hmea
- S e e Merchandise >mPorlJ r - f r o m 1 7 9 0 to 1799, 240.
Tonnage, amount of American and foreign, from 17W to ^
^
Tot, i.—36
in 1803, 290.
1804, 302.
1805, 337.
1806, 362.
1807, 379.
1808, 394, 403.
INDEX.
Tonnage, amount of American and foreign, in 1909, 426.
181 li 473.
1812, 805.
1813, 544.
Tontine, proposed as a plan for funding the public debt, 20, 45.
Treasury notes, amount authorized in 1812, 469, 492.
treasury u
1813,492.499,518.
1814, 525. 529, 532, 541-2.
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.Maxhandisc
imported.
END OF T H E F I R S T VOLVME.
@FedFRASER