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TABLE k k OF CONTENTS * M r . Hamilton on Public Credit by M r . Hamilton on a National Bank by M r . Hamilton on M a n u f a c t u r e s by by M r . Hamilton on Establishing a Mintt by M r . Hamilton on Public Credit by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the Finances by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the Finance* by M r . Gallatin on the F i n a n c e s Report by M r . Gallatin on the F i n a n c e s * ^ R e p o r t by M r . Gallatin on the F i n a n c e s Report by M r . Gallatin on the Finances Report by M r . Gallatin on the Finances " ^ R e p o r t by M r . Gallatin on the F i n a n c e s ^ R e p o r t by M r . Gallatin on the Finance? ^Report J ^ Report J. Report ^^Report ^wieport ^Report 'J IT7Report Report -}• Report ^Report V, Report - - - - Report by M r . Gallatin on the F i n a n c e s . . R e p o r t by W i l l i a m Jones, (Acting Secretary P^ Report by W i l l i a m Jones, (Acting Secretary ° R e p o r t by G. W . Campbell on the F i n a n c e s <0 VOL. I . — 1 CM - the Fiuances the F i n a n c e s - 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 78 133 157 216 252 262 285 297 331 35G 373 391 398 421 443 468 488 499 523 f i 1810.11 SECRETARY OF T H E TREASURY. REPORT ON THE 421 FINANCES. DECEMBER, 1810. 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: REVENUE. T h e nett revenue arising from duties on merchandise and tonnage, which accrued during the year 1808, amounted to - $10,348,000 T h e nett revenue arising from the same sources, which accrued during the year 1809, amounted, as will appear by the statement (A,) to $6,527,000 T h e statement (B) exhibits, in detail, the several species of merchandise and other sources from which that revenue was derived during the year 1809. It is ascertained that the nett revenue arising from the same duties has, for the first three quarters of the year 1810, exceeded 7,500,000 dollars; and it is believed that it will not, for the whole year, fall short of twelve millions. T h e sales of public lands north of the river Ohio have, during the year ending on the 30th of September, 1810, as appears by the statement (C,) amounted to 159,000 acres, and the payments by purchasers to 610,000 dollars. T h e same statement shows that the total amount of sales from the establishment of the land offices in the year 1800, to the 30th of September, 1810, have amounted to 3,168,000 acres, which have produced 6,681,000 dollars ; of which sum 1,646,000 dollars remain due by purchasers. T h e sales in the Mississippi Territory, being (after deducting expenses) appropriated, in the first place, to the payment of $1,250,000 dollars to the State of Georgia, are distinctly stated. RECEIPTS AND EXPENDITURES. L Year ending on the 30th September, 1810. T h e actual receipts into the Treasury during the year ending on the 30th of September, 1810, have amounted to - $8,688,861 17 Making, together with the balance in the Treasury, on the lst of October, 1809, and amounting to - 5,828,936 01 An aggregate of - - $14,517,797 18 T h e disbursements during the same year have consisted of the following items, viz: Civil department, including miscellaneous expenses, and those incident to the intercourse with foreign nations $1,249,200 06 Military and Indian departments - $2,514,523 75 Navy . - 1,674,735 50 4,189,259 25 Interest on the public debt 2,735,898 91 422 [1S07. REPORTS OF T H E Total current expenses - $8,174,358 22 Paynpents on account of the principal of the public debt 2,S84,409 24 Amounting together, as will appear more in detail by the statement (Ef,) to - 11,058,767 46 And leaving in the Treasury, on the 30th September, 1810, a balance of 3,459,029 72 814,517,797 18 It therefore appears, that the actual receipts into the Treasury have ex - eeded the current expenses of Government, including therein the interest on the debt, by a sum of five hundred thousand dollars. T h e expenses had, during the preceding year, exceeded the receipts by a sum of thirteen hundred thousand dollars. T h e difference arises, not from an increase in the receipts, but from a diminution in the expenses, particularly those of the military and naval departments. II. Last quarter of the year 1810. T h e receipts for that quarter will, it is believed, be more than sufficient to defray the current expenses and interest ou the debt accruing during the same period. But the payments to be made on account of the principal of the debt, in order to complete the annual appropriation of eight millions of lojlars. amounting to more than 5,100,000 dollars, a loan first negotiated for 3,/ 50,000, and afterwards reduced to 2,750,000 dollars, became necessary The receipts and disbursements for that quarter are, therefore, estimated as lollows: Receipts into the Treasury from the ordinary revenue $2,500,000 Proceeds of the loan receivable on the 31st December, 1810 2,750.000 Balance in the Treasury on the 1st October, 1810 3,460,000 Expenses, civil, military, and naval, estimated Interest accruing on the domestic debt - 81,570,000 500,000 Payments on account of the public debt, in order to com piete the annual appropriation of eight millions, and including the reimbursement of 31st December, 1810, on the six per cent and deferred stocks, and that of same date, of $3,751,125 exchanged six per cent stock . . . Probable balance in the Treasury on 31st December, 1810 $9^000 82,070,000 4,640,000 6.710,OW 2,000,000 HI. Year 1811. T h e outstanding revenue bonds, after deducting- the expenses of collection, and allowing for bad debts, will n o t probably, on the 1st January, 181}. snort of eleven millions and a h a l f o f dollar?. T h e actual receipts for the year 1811, on account of the sales of lands, may be estimated at fire hun- 1807.] SECRETARY OF T H E TREASURY. 423 dred thousand; and it is presumed that the portion of the revenue arising from importations subsequent to the present year, which will be received in 1811, will be more than sufficient to pay the debentures payable in that year. T h e actual receipts into the Treasury during that year may, therefore, be estimated at - $12,500,000 Estimating the expenses of Government for the year 1811 not to exceed the amount actually expended during the year ending on the 30th of September, 1810, that is to say— Expenses of a civil nature, both domestic and foreign $1,240,000 Military and naval departments . . . . 4,190,000 5,430,000 at interest on thc public debt, estimated - 2,550,000 T h e aggregate of the current expenses, exclusively of the payments on account of the principal of the debt, would not exceed T h e payments on account of the principal of the debt will be applicable to the annual reimbursement of the six per cent, and deferred stocks, to the repayment of the loan of 2,750,000 dollars effected this year, and to the reimbursement, in part, of the converted six per cent, stock; and must, in order to complete the annual appropriation ofeight millions of dollars, amount to . . . - 5,450,000 Making for the whole amount of the expenditures of the year 1811 $13,430^000 7,980,000 or about one million of dollars more than the receipts for the same year. If, therefore, this estimate could be relied on, an authority to borrow one million of dollars would be sufficient to enable Government to pay all the current expenses, and to reimburse nearly four millions and a half of the principal of tho debt, leaving at the same time in the Treasury a balance of two millions of dollars—a sum not greater than what, under existing circumstances, it is eligible to reserve. But a deficiency may take place in the receipts, if the amount of debentures should exceed what has been estimated : and the expenses for the military and naval departments, (which, according to the estimates of those departments, and exclusively of the sum necessary for fortifications, amount to 4,916,000 dollars) may be greater than the amount actually expended during the year ending on the 30th of September, 1810. In order to provide for these and other unforeseen contingencies, the propriety of authorizing a reloan, not exceeding, m the whole, the amount of the principal of the debt reimbursed during the same year, is respectfully submitted. PUBLIC DEBT. 424 REPORTS OF T H E [1S07. provisions of the convention with Great Britain and of the Louisiana convention. Taking the calendar year 1810 by itself, the principal of the debt actually reimbursed will amount to 5,163,376 dollars—viz: Annual reimbursement of six per cent, and deferred stocks §1,412,251 Reimbursement of the six per cent, exchanged stock 3,751,125 F r o m which, deducting the loan from the bank of - • Leaves, for the actual decrease of the debt during the year 5,163,376 2,750,000 $2,413,376 T h e loan authorized by the act of the last session had at first been negotiated in the latter end of May, for 3,750,000 dollars; but the expenses having proven less than had been supposed it was, by mutual consent, reduced in October to 2,750,000. With that object in view, in older that no greater sum should be ultimately borrowed than might be nccessary, and, also, in order to avoid, as long as practicable, an increase of stock in the market, and that of a more permanent species of debt, a temporary loan from the Bank of the United States was preferred to any other mode. It is reimbursable on the last day of December, 1811, with a reservation that the bank may, in case of a non-renewal of its charter, demand an earlier payment, on giving three months notice. T h i s condition may, if enforced, save some interest to the public, and can produce no inconvenieuce, as there will be no greater difficulty in effecting a new loan (if neccssary) in the middle than in the latter end of the year. T h e documents F, G, If, I, show fcoth the object and the terms of the loan. From what has been stated, it appears that no other provisions arc necessary for the year 1811, thanfa continuance of the additional24 percent.duty, commonly called the Mediterranean fund, and an authority to borrow a sum, probably much less, and certaiuly not greater, than the amount ofthe principal ofthe public debt which will be reimbursed during the year. But as, in conformity with the act of 1st of May, 1810, the importation of articles the growth, produce, or manufacture o f t h e dominions, colonies, and dependencies of Great Britain, will be prohibited after the 2d day of February next, i that nation shall not, before that time, so revoke or modify her edicts as that they shall cease to violate the neutral commerce of the United Slates, some provisions appear necessary for the purpose of supplying the deficiency in the revenue arising from that cause, and of giving to that measure all the efficacy of which it is susceptible. T h e probable defalcation in the revenue cannot, for obvious reasons, be at this time estimated with any degree of precision. T h e experience of the ensuing year can alone afford sufficient data for a permanent and detailed plan, adapted to that state of things, and calculated to insure perseverance m the system as long as may be thought proper. But, in the mean while, it appears essential to lay the foundation of such plan, and to guard in time^against any great deficit in the receipts of the year 1812. It w believed that, under existing circumstances, it would be sufficient to render those receipts equal, or nearly equal, to the current expenditure, including therein the interest on the public debt, and estimated at about eight millions ot dollars .and, with a view to that object, a considerable and immediate in- crease ol the present duties on importations is respectfully suggested. 1807.] SECRETARY OF THE TREASURY. 425 It is not less important that the act should be free of legal difficulties and of well-founded objections, and that it should be enforced by every practicable means. On that subject, the following observations are submitted: 1. T h e law of 1st May, 1810, has neither expressly defined the edicts, the revocation of which is expected, nor made a notification by the President the evidence, and the sole evidence, of the fact. It follows that, in case of an unsatisfactory modification of her edicts by Great Britain, the decision of the question itself, whether the non-importation be actually in force or not, will be left to the courts; whence delays and embarrassments will arise, which will considerably impede the operation of the law. 2. T h e non-importation is to take place on the 2d day of February next, if a revocation shall not have taken place before that day. But this may have taken place, and not be known on that day in the United States, if the collectors abstain from seizing merchandise imported alter that day, until the fact shall have been ascertained, and the edicts shall not have been revoked, the merchandise will escape forfeiture, and the law, during that period, will be inoperative. If they seize, and the edicts shall have been revoked, ihe seizures will have been illegal, and the collectors will be liable to personal suits. This inconvenience may be remedied by a provision directing that, during that period, it shall be the duty of the collectors to make seizures, but that the goods shall be restored to the parties on their giving bond with sureties for the value. 3. No exception has been made by the act in favor of vessels which had sailed for the British East Indies prior to the President's proclamation; and the short period of three months from the date of that proclamation to the day when the law is to take effect, will occasion forfeitures or heavy losses in cases of bona fide American property in England, paid for or ordered prior to the proclamation. It seems, in every point of view, eligible that cases clearly foreseen should be provided for by law, instead of being left to executive discretion. 4. It is believed that an abandonment by the United States of their share of the penalties and forfeitures which may be incurred, and the distribution of these, according to the circumstances of the case, amongst the collectors, the other custom-house officers, the inspectors, who heretofore have had no share, and the informers, would insure a greater degree of zeal and vigilance in detecting and preventing infractions of the law. 5. Some additional provisions will be necessary to enforce the law on the northern frontier of the United States: amongst which may be reckoned the erection of some new collection districts, particularly on the river St. Lawrence, and in the eastern part of the State of Vermont; an increase of salary to the collectors in that quarter, inasmuch as, under the non-importation, that part of their compensation which is derived from fees will be "considerably reduced, and that which arises from commissions altogether lost; and an authority to the armed force of the United States to make seizures. And it must be added, that the peculiar situation of those districts will render condemnations extremely difficult, unless the obligation be imposed on persons claiming merchandise seized there to prove that the same was legally imported. 411 which is respectfully submitted. ALBERT GALLATIN. TREASURY DEPARTMENT, December 10, 1 8 1 0 . £ A. A exhibiting thc amount of duties which accrued on merchandise, tonnage, pass]>orts, and clearances; of debentures issued on the exportation of foreign merchandise ; of payments for bounties and allowances, and for expenses of collection, during the years 1808 and 1809. DVTin ON vcAaa. I.SON 1800 Passports and clearances. Merchandise'. Tonnage. 91 1, ICS,3& 65 11,1,03,071 97 $138,16:} 55 151,983 13 a 86*1 00 9 9 , 6 0 0 00 Debentures issue. 1. Bounties and allowances. $919,396 «M1 4,706,608 00 9160,809 15 4 8 , M 0 18 Gross revenue. Expenses of collection. Nett revenue. 910,803,988 05 • 7,029,166 99 9515,223 90 494,998 09 910,348,71V! 15 6,527,11* 20 73 $7,003,ICG 29 33,927 78 Gross revenue fur the year 1809 Dcduct interest and Murage Orum revenue, per statement U 50 K O 6,98N,23* | | = A STATEMENT of the amount American tonnage in foreign trade Foreign tonnage - of American and foreign tonnage employed in foreign taken from the records of the 'treasury. trade, for the year 1809, as • Ton* Total amount of tonnage employed in the foreign trade of the United Stales . . . . . Office, December 003,93! 80,500 084,431 Proportion of foreign tonnage to the whole amount of tonnage employed in the foreign ttade of the United States T K K A B C U Y D E P A R T M E N T , Register's 11.8 lo 100 G, 1 8 1 0 . JOSEPH P3 NOURSE, Register. cr> o 1807.] 427 SECRETARY OF THE TREASURY. B. STATEMENT exhibiting the value and quantities, respectively, of merchandise on which duties actually accrued during the year 1809. (consisting of the difference between articles paying duty, imported., and those entitled to drawback, re-exported:) and, also, of the nett revenue which accrued, during that year, from duties on merchandise, tonnage, passjtorts, and clearances. GOODS PAYING DUTIES AD VALOREM. 19,458,378 dollars, at 121 per cent. 4,783,110 do. 15 do. 313,718 do. 9) do. a Additional duty on 824,645,096, at 2 | per ct. 21,555,205 b Spirits, 4,644,409 gallons, at 28.6 c Sugar, 12,381,320 pounds, at 2.2 d Wmcs, 833,597 gallons, at 45.7 Coffee, 6,649,293 pounds, at 5 Molasses, 3,336,686 gallons, at 5 cent-?, average do. do. do. do. do. do. - £2,432,297 717,467 62,742 616,127 25 40 40 40 3,828,634 1,327,058 273,925 380,961 332,464 266,834 45 58 03 11 65 30 6,409,878 12 From which deduct the following, viz: beyond « Teas, being excess of exportations tx • $43,6G6 97 unno nations importations f Salt, being excess of bounties and allowances in 1807, paid in 1809, beyond the - 48,897 00 duties collected - 92,563 97 6,317,314 15 61,621 92 g All other articles 6,378,936 07 Deduct duties refunded, after deducting therefrom duties collected on merchandise, the particulars of which could not be ascertained, and difference in calculation 30,050 96 $6,348,885 11 171,227 80 3 | per cent retained on drawbacks Extra duty of 10 per cent, on merchandise impoited in foreign vessels - 6,773,595 31 Nett amount of duties on merchandise Duties on tonnage Light money Duties on passports and clearances 109,937 44 42,045 69 - Nett revenue - - 151,983 13 22,660 00 6,948,238 41 40,000 00 Sundry accounts not yet received, estimated at Gross revenue, as per statement A Deduct expenses of collection - 253,432 40 - 6,988,238 44 494,938 02 6,493,240 42 428 R E P O R T S OF T H E Explanatory [1810. and ATotes. Statements a Additional doty of 34 per cent. . . . . . 3 | per cent, retained on drawbacks . . . . Extra dotj of 10 per cent, on merchandise imported to foreign vessels $616,127 40 3,413 88 15,752 36 635,293 64 b Spirits— 1st proof Deduct excess of exportation beyond importations 4th proof Other materials, 1st & 3d do. 3d do. 4lh d# 5th do. 6th do. £2,560 gallons, at 96 cents 386 da 34 cents 92,174 956.124 3,219,211 1,373.359 3.355 246 do. do. do. do. da 35 d a 98 do. 33 do. 38 do. 46 do. 35,916 80 131 24 26,785 56 239,031 00 6-21,379 08 439,474 88 1.274 90 113 16 1,337,058 58 4,644,469 c Sugar— 4*7,573 65 fe,. ; • , 19,502,914 pounds, at 94 cents White, deduct excess of exportation* beyond importations 7,131,501 do. 3 da 213,647 83 13,381,990 d WinesMadeira, 1st quality 2d do.' . Sherry and St. Lucar Oporto and Lisbon Burgundy and Champagne Tenenflir, Fayal, n n d Malaga 373,925jg 351.719 galloon, at 58 cents 31.343 do. 50 do. 33l."01 da 40 do. 301,864 30 do. do. 310 da 45 do. 491,317 do. do. 145.997 15,621 133,920 60,559 94 137,540 ~493/733 » 1,311.054 Deduct excess of exportation heyvod importations, vix: Other, in bottles, 24,643 frails, at 35 cts Other, in casks, 452,814 galls, at 23 cts! 03 50 40 90 50 76 8 * 6 2 5 05 104,147 22 477,457 112,773 27 1*0,96^1 ^33577 t Teas— Souchong excess of exponations beyccd importations P Deduct excess of importations beyond 7 exportation*, ria. Other^een £ g £ °OD<b ' 153,146 16 * , ; Extra a n t y « teas imported from other pl.ces than India I — 533,510 « l ™ ' 5 109,479 19 Excess of exportation* beyond impor. t tMOS * * /Salt- Imported bushel 5 of 56 ponmis 3|R,303 ===== - J ^ i S S ^ S S S S 244,341 48,940 2J 43 90 "48,807 00 Explanatory Statements and Notes—Continued. oo »—« o Quantities. g All other articles, viz: Excess of im- Excess of exportation over portation over importation. exportation. Rate of Excess of du- Excess of ties over drawbacks duty.' drawbacks. over duties. CU Domestic spirits, 1st proof 4th proof Beer Cocoa Chocolate Sugar candy loaf other refined, and lump Almonds Currants Prunes Figs Raisins, jar other Candles, tallow wax Cheese Soap Tallow Mace Nutmegs Cinnamon Cloves Pepper Pimento Cassia Tobacco gallons do. do. pounds do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. do. 7 971 108 51,972 U 1,238,339 1,051 13 Hi 340 9 33,352 61 2 2 2 2 165,970 81,015 40,541 176,688 1,255,095 2,592,975 2 1 114,602 2 123,539 292,966 335,525 1,157 7 2 14 125 50 20 20 6 4 4 6 1,606 41,916 1,724 28,446 1,552,442 333,393 102,631 517 8 2 3 $68 18 II 88 4,157 76 824,766 78 49 53 1 50 31 14 2,167 88 3,319 1,620 810 3,533 25,101 38,894 40 30 88 76 90 62 6 2,292 96 8,647 5,859 5,032 1,446 01 36 73 32 87 25 20,958 00 344 80 5,689 20 93,146 52 13,335 72 4,105 24 31 02 s Explanatory Statements and Notes—Continued. Quantities. g All other articles—continued, via: Snuff Indigo Cotton IWder, . hair fan Starch Glue Pewter plates and dishes Iron, anchor and *heet slit nod hoop Naib . Spikes Qiriehilm Ochre, in oil • __ dry . Spanish brown White and red lead Lead Seines Cordage, tarred un tar red Cables Steel Hemp • Twine Glauber salts Coal - Excess of im- Excess of exportation over portation over exportation importation. pounds da do. do. do. do. do. do. do. dOw da da da da do. da do. do. do. do. da do. cwt. do. do. do bushels 4,815 389.3H5 8,615,138 63,348 1.437 59,416 81,159 804,679 217,378 1,081,183 176,960 10,566 9,650 51,168 1,171.170 8,958,011 918,740 8,809 18,309 7,701 18,458 16,250 710 78 304,618 K16 Rate of duty. Excess of drawbacks over duties. Cts. 10 85 3 4 4 3 1 4 It I 8 1 6 U I 1 8 1 81,771 Excess of duties over drawback!*. 4 88,533 98 43 II 8,370 64 846 36 18,070 18 8,178 78 20,429 66 1,760 60 633 36 144 flH 511 68 11,714 70 50,160 22 9,187 40 88 30 8 21 8 100 too 400 800 5 0181 97,316 78,451 33 50 25 14 84 1,695 48 307 154 18,458 16,850 8,960 156 18,830 78 02 00 00 00 00 90 Fish, dried pickled salmon mackercl other Glass bottles, black quart window, not aDove 8 by 10 by all above 10 by Segars . . Lime Boots Shoes, silk kid, morocco, &c. all other Cards, playinp quintal* barrels do. do. gross 100 sq. n. da do. M. casks aira o. do. do. packs 10 12 12 . S 8,591 1,123 4,071) 3,307 6,58-1 20,593 3,127 2,812 18,671 42 413 1,363 50 100 60 10 60 160 3,860 1,536 1,552 175 225 200 50 75 25 15 10 25 4,997 1,123 2,417 1,322 3,950 32,948 5,472 6,327 37,318 21 309 00 00 10 80 10 80 25 00 00 00 75 2ol 30 388 00 388,312 72 326,690 80 61,621 92 TREASURY DEPARTMENT, Register's Office, December 6, 1810. J O S E P H NOURSE, Register. S S Jefof^tuu J l v t f d "\ he?l*JZ ° i M a r o ^ Steubenville, Canton, Chillicothe, Cincinnati, W ^ T i i ; nd tncennes, from Oct. 1, 1809, /„ tfej* 30,1810; i f c m * ^ , M, „„/<„«, 0f receipts from individuals, ana payments made by receivers, during the same time, with the balances due, both on Oct. 1, 1809,'«««/ Or/. 1, 1810. LAND! SOLD. omcu. Marietta Zanesville Nieubenville Canton ChUJieothe CinciDnati Jeflersonville Viacennes I Acres. Purchase money. 9,476.49 41,846.49 99,6*1.86 17,609.!) | 9,792 96,546 29 97,969 06 11,715 91 $5,919 84,029 60, 451 36.90T. 93,233 57,492 54.5IM 93,430 158,843.571 98 75 08 88 43 52 10 42 311,256 16 LANCE WE ON OCTOM® 1, 1810. omen. Marietta Zanesville Hteobenvdle Canton Chillicothe Cincinnati Jttfernonville Vtncennes From individual $18,718 167,21H 931,710 68,936 159,731 799,789 101,974 106,969 95 38* 161 601 99 47 9» 89* By receivers. •1,735 15,973 23,095 6,616 5 6 , 5 198,706 IS.flBB 9,015 39 69 40 74* 3 29| 78 K) In the hands of receivers, October 1, 1809. Due by individuals, Oct. I, 1809. $12,117 26,100 6,631 67,469 106,176 7,069 4,307 $18,556 167,979 307,601 57,961 933,459 938,067 76,876 112,211 66 34 KM IH 84» 7H 84* 74* 38* 71 0*;f 47 37 291 79* 990,156 48* ll,912.703 86*" Total balance doe October 1, 1810. •90,453 183,182 954,805 75,4*3 909,411 928,496 114.933 115,985 57 07* 56* 3^11 89 76} 77 99| RECEIPTS BV RECEIVE** EROM W - MVIDt/ALS. PAYMENTS BY RECEIVERS. On ac*t of pur- On account of Into Treasury. The part for chase money. forfeitures. ezpenies. $5,751 84,793 136,345 24,230 103,958 195,760 30,106 29,379 47* 75 651 311 61 42 40* 39 610,317 981 $352 144 7,847 32 3,780 13,057 78 80 59 62 12 IN) 43* 43* 54 00 25,379 74 $4,368 81,007 146,170 24,347 118,334 185,991 23,587 94,797 71* 18 84| 431 96 70 91* 60* « 608,509 02 $599 3,528 4,737 1,337 4,5*4 6,428 1,704 1,906 Repayments. 69* $14 86 96 86* 1,026 87 49| 193 43* 88 47 363 70* 73* 937 16 44* 94,897 84* I,836 03 • Paid into the Treasury in specie. by warrant* on receivers: For payment* made by themselves . - $ 5 8 1 , 4 7 7 31 For payment- made by individuals . . . 39,310 95 £613,788 96 Payments by receivers, to be covered by warrants . 3,223 00* Moneys paid by individuals to Treasurer of United States, included in the amount of warrants on receivers " for payments made by individuals;' prior to October 1, 1*09, but not before staled in l he accounts of receivers . . . . . . . . • , 6 4 2 041 U 9 6 6 , 4 1 9 16 F 1.9Q2.064 9 0 | Total sale, «f land, from tho opening of the land offlces to (October 1 1809~ Amount soul mince, as above statol . . ' CO to 53 M g pg ^ CO o "V W 617,011 96* 8,41991* $008,599 02 3,WW,71* 168,848.67* ?rri67,H'JC.'JH| Acret. $6,337,093 41 344,966 16 U,(Ml ,349 57 cr> CD S T A T E M E N T C— Continued. Estimate showing when the instalments, which compose the balance due from individuals, C O >—• o will become payable. ** O p Remaining dne in 1810. Offices, Becoming d u e in 1811. Becoming d u e in 1812. Becoming d u e in 1813. $3,939 36,708 10,613 21,662 36,498 255,920 27,682 45,092 £4,390 35,453 10,801 28,871 21,517 163,316 42,136 22,075 82,038 26,0*1 24,038 13,377 9,183 27,121 21,116 11,430 Becoming d u e in 1814. Total. $1,314 16,596 12,292 6,035 2,903 11,390 10,00!) 3,644 $18,718 167,208 231,710 08,936 169,784 799,789 101,274 106,269 <73 jcjMarietta CCZanesville Sieubenville Canton Chillicothe Cincinnati Jefl'ersonville Vincennes - . . . . . . . . . . . . . . . . . . . . - - - - - $ 7 , 0 3 6 63 52,368 17| 113,941 101 82,631 30 342,010 44 2 4 , 0 2 6 77J 622,144 78 05 61 24 21J 05 14 34 48 468,036 121 47 64 03 63 53 44 77 28 358,562 78 01 86 22 06 80 52 34 74 134,711 58 06 10 28 70 55 93 54 62 63,186 78 25 S81 161 601 99 47 99 891 1,616,612 Oil pa o So K H • P3 o H EC TREASURY DEPARTMENT, December, 1810. H H s» M c/> n t-d Cc. CO STA TEMENT of the lands sold in the Mississippi Territory, from the time of the lust report thereon to the period of the latest returns received at the Treasury; showing, olso, the amount of receipts from individuals, and payments made by receivers, during the same time, with the balance due. Lands sold. Offices. Acres. Madison county West of Pearl river. East of Pearl river - 53,619.14 i J t l . 9 7 8 59 16,847 3rt 23,433.60 77,085*3 Officrs. Madison county West of Pearl river East of Pearl river Purchase money. 158,135 97 Total balance due. Receipts by receivers. Payments by receivers. Dalance due. In hands of Due by individual*, per receivers, per The part last report. last report. On aceouat On account Into the which was From indi- By receivers. of purchase of forfeit- Treasury. viduals. for expenses. ures. money. $35,043 94 J5.773 86 3,161 68 840, |MJ 61 316, 99 17,103 29 • 9 0 , 7 0 3 25* 19,376 f-5 1,134 58 53,381 48 373,48a 85 41,413 48| Date of last return. 9371 67 819,782 971 81,160 97| 8130,765 974 836,333 89| 1,473 26 3,319 17 l-.'.su 813,760 65 9.H60 35 1,340 35 1,038 91 15,668 71 371 67 • 65,441 66) 3,975 58| 73 H GA O TJ Acre* 99,731 40* 77,035 83 8186,448 81 158,11*5 97 160,760.934 313,574 78 Sept.3<>, 16,707 663 i June 30,1810. a Paid into Ihe Treasury, in specie, bv warrants on receiver-: F»r payments made by thcm>clVKH For payments made by individuals 419,817 301 Payments by receivers, to be covered by warrants 20,62! 97J o TOTAL *AU* or UNO). Amount of lands sold from the opening of the offices, per las! report . . . . . . . Amount sold since, as stated above •. 8157,099 8*! I June 30,1810. 316,001) 89 390,195 33| sa w ** $5-,31'J 83 316 81 58,039 64 6,^15 65,444 G6» ' r-j V) o S T A T E M E N T Cc- Continued. EST IMA TE showing when the instalments, which compose the balancc due from individuals, will become payable. Officcs. Remaining due in 1810. Madison county W e s t of Pearl river East of Pearl river - Becoming due in 1812. Becoming due in 1813. Becoming due in 1814. Total balance^ 65 $7,117 41 00,357 54 3,938 18 £•26,165 36 71,918 74 5 , 9 6 1 01 844,699 61 48,653 27 3,901 51 814,699 61 41,743 32 1,865 01 8 8 , 0 8 3 92* 9,087 78 8130,765 9 7 | 213,760 65 15,668 71 80,413 13 107,048 11 97,254 42 88,307 97 17,171 704 390,195 3 3 | TREA&URY DEPARTMENT, Becoming due in 1811. December, 1810. oo» o M O to W H O H W H H to M > CO a i> AN ESTIMATE of the principal redeemed of the debt of the l/nited States, from Ut October, 1809, to 30th September, 1810; showing the redemption of the principal of the said debt, from 1st April, 1801, to 30//* September, lb 10. Redemption from Redemption from Total redemption, 1st October, 1800, 1st April, 1801, from 1st April, te aoth to 30th Septem- to 30th Septem- 1801, ber, 1810. ber, 1809, perthe September, 1810. Secretary's report of 7th December, 1809. • on ACCOUNT o r TWE BOMMDQ wear. T h e amount at warrants issued on the Treasurer of the United States, on account of the mtcrot of the dome*"' debt, and of the reimbursement of the old six per cent., deferred six per cent., and exchanged six per cent, stock*, from the 1st of October, 1*>9, »o the 30th of September, 1810, was 04.1*0,305 87 Deduct reimbursement of exehanged six percent. Mock, as stated below - 1,090,719 13 3,395,010 14 Deduct interest which accrued daring the $ame period, calculated quarter-yeaily Retmtarsem«ni of the old six per cent, and deferred stocks Reimbursement of the nary six per cent, slock Reimbursement of the fire and a half per cent, stock • Reimbursement of the four ami a hall' per cent, stork Reimbursement and parehase of the eight per cent, stock Reimbursement and purchase of the exchanged six per ccnt. stock Payments made for lands in certificates of the debt of the United Stales Payments made to foreign officers, and l\>r certain parts of the domestic debt Payments made on account of domestic loon* « . . . 9,098,144 03 8 1 , 3 6 7 , 4 7 1 61 1,090,749 13 C5 01O.G3X.887 711,700 1,817.500 170,000 6,889,01)0 1,451,470 50 00 00 00 00 73 810 70 H0.85O 93 3 , 4 1 0 , 0 0 0 00 £18,006,G99 711.7110 1,817.500 176,600 6,350,0110 8,548.885 808,210 90,008 3,440,009 01 00 00 00 oo HO 70 58 00 ON ACCOPNT OP TIIE rOREION DEBT. T h e amount of w a r r a n t s issued on the T r e a s u r e r , exclusive of SI ,702 53 commissions to agents p u r c h a s i n g bills of exchange, was - o HI,131,998 68 Deduct interest a c c r u i n g thereon, v i z : On Louisiana 6 per cent, stock, including commissions - S671,998 27 On exchanged 6 per cent, stock, payable in Europe • 5,779 09 On converted 6 per cent, stock, do. 17,00155 A n d charges on remittance . . . 10,928 C9 Deduct g a m an do. 258 87 10,009 82 ux W Q « 486,946 95 9,813,495 38 10,239,412 S3 » 2 , 8 8 4 , 4 0 9 24 34,796,091 21 37,680,500 18 > 700,051 73 S3 S3 a T h i s statement being made by deduoting from the t»tal amount of rrnvments at the T r e n s u r v ihf» nmniint nf !ni<.r.c> J • (,Un p lhe it follows that, whenever t?,e payments for the purchase of remittances happen t o e x c e e d t h e " n e ^ " W P a 3 of principal, though no principal may bo actually paid .luring thc same y e a " 1 m, o a t h e i S S IhoffiLnn^ 3^m °n acc°um he E lttance made in the year, the difference is o r d e r e d as an increase of debt. T h u s , in the s m e n S S S ( D V for t h i V S S 1M7 a n d , h V r u * ' " ? lor lUe were made on that account, as follows: ' >enrs 1H0/ ani1 the following deductions 1807, #248,813 36 H] „ 1809, 211,001 11 462,814 47 W h i c h are now nearly supplied by thc sum of 125,946 95 dollars in this statement T h c general result fnr « n n ^ k o . „r r n «,i jach year, so far as relates to the payments at the T r e a s u r y , are correct. But t h e n ^ e a ^ m^'el*, Ibr e a c h ^ a SSSarSjdufew w a s r e l a t e s t 0 l h e f o r e i a debt S > * h c T r e a s u r y payments, and is corrcctly stated in thc annual reports of lhe cotamisSonSs o f l f c S n S fund TREASURY DEPARTMENT, Register's Office, December 7, 1810. J O S E P H NOURSE, Register, o ^ H X ra ^ S0 K > C3 S3 E. STA TEMENT t INOQ of receipts and payments Treasur * sub J* c t Fines, Ac. received from contraventions o embargo laws . . . . 7 Payments on the following accounts; warrant, Oct. Received for the proceeds of the customs - 97,861,170 Internal revenue . 8 4 , 1 3 8 34 Direct tax 13 t 8|8 13 17,956 Rales of public leads ~"T 679,417 Cents and half cents coined at the mint 16,590 r ees on patents 6,840 Stamp duties and penalties . 51 Fines, penalties, and forfeitures 004 Seamen's wages paid to consuls in foreign countries » . • • 935 Interest received . . . 390 Repayments at the Treasury of the United S'ates, from the 1st of October, 1809, to the 30M September, 1810. $5,828,936 01 46 Civil expenus, both foreign and domestic, visi Civil list, proper . . . . Light-house establishment Marine hospital . . . . Invalid pensions . Public building* in Washington, an J furniture Surveys of public lands - 944,448 18 Ascertaining land titles in La. 6,740 87 37 90 00 00 35 80 Mint establishment . . . . Grants of Congress, and miscellaneous claims . . . . . Rood from the Miw. to the Ohio 130 58 Roads within the State of Ohio 55,726 00 15 00 7,584 25 114,190 H9 8,688,861 17 8689,309 83,594 35,652 80,476 35 23 97 69 50 Pi ra O 49,000 00 51,189 05 16,158 36 58 H CA 16,981 97 o 56,866 68 Purchase of books for Coogres> Better accommodation of the General Post OflRce, Ac. . . . . Unclaimed merchandise Intercourse with foreignnatioo* 145,096 37 American claims assumed by the Louisiana convention - 9,10166 1,000 00 13,000 00 885 53 PI 15-1,197 03 81,947,300 06 MUitmry e.rpenaes, viti Pay, subsistence, clothing, Ac of the army - 1,251,764 00 FortiAcat'ns of ports and harbors 558,000 00 Ordnance, arms, arsenals, &c. 4 9 6 , 0 3 1 7 5 Indian department . . . . 9,308,798 75 5W7.e-.25 00 9,516,423 75 2 o Navy. Repairs and contingencies Ordnance and a r m s N a v y yards . . . . M a r i n e corps . . . Pay, provisions, and other expenses . . 586,000 150,000 30,000 95,735 813,000 00 00 OO 50 00 1,674,735 50 Public debt. Interest anil charges Principal discharged . . . . . . Balance in the Treasury,subject to warrant, September 30, 1810 14,517,797 18 2,733,898 91 2,884,409 24 5,620,308 15 3,459,021) 72 14,517,797 18 X (71 H sc H CJ ts vU W 410 [1910. . REPORTS OF T H E F. At a meeting of the commissioners of the sinking fund, held on the 26th day of April, 1810: Present—JOHN G A I L L A R D , President of the Senate, pro tempore. R O B E R T S M I T H , Secretary of State. A L B E R T G A L L A T I N , Secretary of the Treasury. C . E S A R A. R O D N E Y , Attorney General of the United States. T h e Secretary of the Treasury reported to the Board— " T h a t the payments to be made during the present year, on account of the interest of the debt, including the annual reimbursement of six per cent, and deferred stocks, are estimated at $4,100,000 Leaving a sum of - | 3.900,000 in order to complete the annual appropriation of - $8.000,000 Which, the market price of stocks being above the rate fixed by law for purchases, can only be applied to the reimbursement of the six per cent, exchanged stock, amounting to 3,751,125 T y , dollars, in conformity with the provisions of the act supplementary to an act entitled "An act making provision for the redemption of the whole of the public debt of the United States." Whereupon, resolved, T h a t the residue of the exchanged six per cent, stock be reimbursed during the present year, in conformity with the act last mentioned. JOHN GAILLARD. President of the Senate, pro tempore. R O B E R T S M I T H . Secretary of State. A L B E R T G A L L A T I N , Secretary of the Treasury. C. A. R O D N E Y , Attorney General of the United Slates. Attest—EDWARD JONES, Secretary to the Commissioners of the Sinking Fund.. JAMES M A D I S O N , G. President of the United States of America, to G A L L A T I N , Secretary of the Treasury. ALBERT By virtue of the act entitled « An act authorizing a loan of money for a sum not exceeding the amount of the principal o f the public debt reimbursable during the year one thousand eight hundred and ten," passed oo the first day of May, one thousand eight hundred and ten : I do hereby authorize and empower you, by youreelf or any other person or persons, to borrow, on behalf of the United States, of the Bank of the L mted States any sum not exceeding, in the whole, three million seven hundred and fifty thousand dollars, and to make, or cause to be made, for that purpose, such contract as shall be necessary, and for the interest of the said States, pursuant to the act aforesaid. And for so doing, this shall be your warrant. Given under my hand, at Washington, this twenty-eighth day of May, io the year of our Lord one thousand eight hundred and ten. J A M E S MADISON 1807.] SECRETARY OF T H E TREASURY. 441 H. Articles of agreement between Albert Gallatin, Secretary of the Treasury of the United States, of the one part, and the President, Directors, and Company of the Bank of the United Stales, of the other part) made and concluded the thirtieth day of May, one thousand eight hundred and ten. Whereas, by the act entitled " An act authorizing a loan of money for a sum not exceeding the amount of the principal of the public debt reimbursable during: the year one thousand eight hundred and ten," passed the first day of May, eighteen hundred and ten, the President of the United States is authorized and empowered to borrow, or cause to be borrowed, of the Bank of the Uuited States, a sum not exceeding the amount of the principal of the public debt reimbursable during the year one thousand eight hun1 dred and t e n : And whereas, the President of the United States, by his warrant, bearing date the twenty-eighth day of May, one thousand eight hundred and ten, and directed to the said party of the first part, did authorize and empower him to contract with the said parties of the second part, for a loan of three million seven hundred and fifty thousand dollars, in conformity with the provisions of the act aforesaid: Now, therefore, these presents witness, that pursuant to the authority aforesaid, it hath been, and is hereby, agreed by and between the said parties of the first and second part, as followeth—viz: First—The said President, Directors, and Company shall lend to the United States the sum of three million seven hundred and fifty thousand dollars, to be advanced at their banking-house in Philadelphia, on the thirtyfirst day of December, one thousand eight hundred and ten. Second—The said sum so to be advanced as aforesaid shall bear interest at the rate of six per centum per annum, from the date before mentioned, payable quarter-yearly to the said parties of the second part, during the continuance of the said loan. T h i r d — T h e United States shall reimburse, or repay to the said Hank ot the United States, the said sum of three million seven hundred and fifty thousand dollars, with the interest which may be due thereon, on the thirtyfirst dav of December, one thousand eight hundred and eleven ; reserving, nevertheless, to the said parties of the second part, (in case they do not obtain a renewal of their charter at the next session of Congress,) the right to demand and receive repayment at an earlier period, they giving three months previous notice to the party of the first part of such their intention. In testimony whereof, the said Secretary of the Treasury hath caused the seal of the Treasury to be affixed to these presents, and hath hereunto subscribed his hand; and the said President Directors, and Company have also caused the seal ol the Bank of the United States to be affixed to the same, the ^ aforesaid. ; Seal of the \ ° a > > A L B E R T GALLATIN, ; Treasury. % Secretary of the Treasury. I \ ; U. states. ; D. L E N O X , President of the Bank of the United States. . REPORTS OF T H E 412 [1910. L Whereas, by an agreement between the Secretary of the Treasury of the United States, and the President, Directors, and Company of the Bank of the United States, dated the thirtieth day of May, one thousand eight hundred and ten, it was stipulated on the part of the President, Directors, and Company aforesaid, that they would lend to the United Stales the sum of three million seven hundred and fifty thousand dollars, to be paid in Philadelphia on the thirty-first day of December, one thousand eight hundred and ten: And whereas, the two contracting parties have Intely agreed that the amount of the loan stipulated to be made to the United States, in the agreement before recited, shall be reduced: Now, therefore, these presents witness, that the sum to be loaned to the United States by the President, Directors, and Company ofthe Bank of the United States, on the thirty-first dav of December ensuing, shall be fixed at two million seven hundred and fifty thousand dollars; any thing in the lormer agreement to the contrary notwithstanding. In testimony whereof, the Secretary of the Treasury hath caused the seal of the Treasury to be affixed to these presents, and hath hereunto subscribed his hand ; and the President, Directors, i ^TVvlLl^Z a n d Company of the Bank of the United Stales have also 5. _" 5 caused the seal of the said bank to be affixed to the same, this <hmm>t, fifteenth day of October, one thousand eight hundred and ten. ALBERT GALLATIN, Secretary of the Treasury. l f > iSealofthe •BankoftJU iU. m States. D. LENOX, President of the Bank of the United States. I N D E X . A. Agriculture, the effect of funding thc public debt on, 6. productiveness of, contrasted with manufactures, 78. promoted by manufactures, 88, 92, 104. Alloy, proportion of, used in gold and silver coinage, 135, 141. W h y it is used in coinage, 142. Annuity proposed, as a plan for funding the public debt, 17, 43, 99. Army expenses of 1802, estimated, 222. of 1803, do 253. of 1804, do 263. of 1805, do 286. of 1806, do 298. from 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 a i u o u u t , and bow composed, 72. the United States may be a stockholder, 75. Bank of the United States, a renewal of the charter of; recommended, 3o9. Bank shares, dividends on, in 1901, 221. sold, 254. proceeds of, 317. Banks, benefits resulting from, 55, 97. number of, in the United States in 1790, 65. objections to, considered, 57. stock of, how composed, 59. favor the increase of the precious metals, 61. tend to lower the rate of interest, 67. • _ Bounties considered as a mean of encouraging manufactures, 110, 1.J0. C. Claims of American citizens against Prance, amount of, assumed and paid, 264, 2C6, 288. Coffee, additional duty on, proposed, 22. imported and consumed from 1790 to 1798, quantity of, 241.—See Merchandise imported Coins, foreign, comparative value of, 135. 142. circulation of, to be prohibited, 155. Coins of the United States, of what to be compow>d,nnd how denominated, 152. Commercial restrictions, effects of, on the revenue in 1807-8, 398, 409. Commerce, benefited by funding the public debt, 5. promoted by manufactures, 90, 104. how affected by the French and British decrees, 376. Compensation of officers ol 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 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. 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, q* 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, <2b0. 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 materials nujeriajs ^ for manmawun» ^ Expenditures.—See Receipts and Expenditures. Exportation.—Sec Re-exportation. F ^ < Finances, ,he effects of a nationalbauk in administering.be, centered, 54. Finances, state of the, in 1801, 216. 11802, erK> 252. in'2. 1803, 262. 1804, 285. 1805, 297. 1806, 331. 1807, 356. H08, 373. 1809; (June,) 391. 556 INDEX. Finances, state of the, in 1809, (December.) 398. 1810, 421. 1811, 443. 1812, 468. 1813, (June,) 48$. 1813, (December,) 499. 1814, 523. Fisheries, benefited by manufactures, 107. Florida, imports and exports to and from, for tho years 1799 to 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 certain, 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 banks, 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, 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 1WJ9, 426. 1809 and 1810, 451. 1810 and 1811, 47S. 1811 and 1812, 505. 1812 and 1 8 1 3 , 5 4 4 . — c h a n dise imported. „ Incidental revenues received from lst 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.—Sec R»v*nvr . Internal improvements, surplus revenue maybe applnxl to, 359. Inventions and discoveries promote manufactures, 114. INDEX. 557 L. I^ands.—See Public Lands. Laws creating; revenue, and providing for the public debt, reviewed 157 Limitation act, passed in 1793, 167. Lorui recommended to supply a deficiency in the receipts. 392, 400 423 418, 471, 491. ' ' ' ' Loans, foreign, amount of on 31st December, 1789, 31. Loans preferred to taxes to meet the exigencies of a war, 377, 401. Loans, amount received from, in 1810, 443. 1812, 468, 486. 1813, 488, 492. 499, 516. 1814, 524, 527.—See Revenue. I*oans, term3 on which they were obtained, 441, 491, 492 to 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. 255 INDEX. Mint, plan for the establishment of a, 133. expenses of a, how defrayed, 143, 150. Molasws^nported and" consumed from 1790 U> 1793, quantity of, 211. See Merchandise imjxjrled. N. National bank proposed to be established, 54. Navy expenses of 1802, estimated, 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 be applied to the sinking fond, review of the law establishing the, 159. Premiums, effect of granting, on agriculture and manufactures, 113. INDEX. 559 Protecting duties on imports considered as a bounty on domestic fabrics, 109. the constitutional power to levy considered, 112. Prohibitions of imports and exports may be resorted to for the encouragement and protection of manufactures, 109. Public credit, plans for the support of, 3, 157,172. a national bank necessary to the support of, 54. essentia! 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 ofthe, 168. amount of foreigu and domestic, in 1790, 14, 22, 31, 33. 1795, 169, 201 to 210. 1802, 223, 248, 250, 279. when it may be redeemed, estimated, 172, 225, 251, 354. amount paid, in 1802, 254. 1803, 264, 276. 1804,288,296. 1805. 299, 310. from Apr. 1.1801, to March 31,1805,328,329,333. in 1806, 333, 345. plan for consolidating the, proposed, 333,347 to 3oo. amount of the, in 1806, 349. Q 9 4 0 f ; i QKK estimated amount that maybe paid, m 1809 to 182^,354,3^. amount paid in 1807, 358, 371. in 1811, 445,461. from April 1, 1801, to January 1,1812, 463. amount on J a : m a r y . l S 1 2 t 4 6 , 464. amount paid m 1812, 468,480. ^ t t ^ ^ T T ^ J l pu„, a., 1814, 534. 1 r i 219 244 p r ^ S f e of'the. pledged for the public debt, 163. E T l S O l , 220, 2 4 a intrusions on the, to be prevented, 221. sold in 1802, 252, 257. 560 INDEX. Public lands, sold in 1S03, 262, 274. 1801, 285, 291, 315. 1905, 297, 308. receipts from, in 1801 to 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 a bounty to soldiers enlisting, 448. sold in 1M2, 478. 1813, 511. 1814,550. * m Public vessels sold, 222. I ] 3 | R. Receipts and expenditures, estimated for 1790, 45, 53. 1795, 170. comparative view 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. s plan for increasing the, 24. laws relating to, reviewed, 157. for what purposes pledged, 168. how to be increased in the event of war, 361, 378. an increase of, proposed, 219, 242, 378, 401, 424, 448, W4lv from what sources derived, and the amount in 1795, ' 1801,216. . 1901 to 1806,31'1 322. 1808,395. 1809, 419. 1810, 438. 1811, 466- v INDEX. 561 Revenue, from what sources derived, and the amount in 1812,482,492. 1813, 492, 516, 518. 1814, 532-3. See Receipts and expenditures. S. Salt imported and exported from 1790 to 1800, 233. and consumed from 1790 to 1798, quantity of, 241.—See Merchandise imported. Salt duty expires lst 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,toinlst1802, 260. 1795, 167, 1/1, -411. state of the, in 1806, 346. in 1810, 440. in 1813, 498. South Carolina, claim of, in 1789, 36. Specie increased by the operation of banks, 55. Si>ecie payments suspended by banks, 529. S & 3 mortal " WgS&SffSV^X Merchandise imported. Snirits foreign and domestic, additional duties proposed on, 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, provision for liquidating the, 164. S ^ i ^ E S S S S r E S b T l W S u r p K ^ y C f t * quantity of, 2 4 , - S , S 'o ' 359 ' T. J KO I^IHPW 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. 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, 511-2. 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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