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TABLE OF CONTENTS, Report'by Mr. Ingham on the Finances Report by Mr. Ingham on the. Finances Report by Mr. McLane on the Finances Report by Mr. McLane on the Finances" Report by Mr. Taney on the Removal of the Public Deposites Report by Mr. Taney on the Finances Report by Mr. Taney on Deposite Banks Report by Mr. Woodbury on the Finances Report by Mr. Woodbury on the Public Money Report by Mr. Woodbury on the Finances Report by Mr. Woodbury on the Finances December, 1829' December, 1830 December, 1831 .'December, 1832 December, 1833 December, 1833 April, 1834 December, 1834 December, 1834 December, 1835 December, 1836 Page", 5 85 217 283 337 377 451 463 557 687 679 627- REPORT ON THE , FINAN-GES-.' . '- .^DECEMBER, 1835.'^ - Iri obedience tb the directions of the '^ Act supplementary to-the act to estabUsh the Treasnry Department," the Secretary of the Treasury respectfuUy submits to Congress the following repoit-: • /I. O F T H E PUBLIC REVENUE AND EXPENDITURES. The balancein the Treasury on the .1st of Januarv,-!833, . . was ;v \ •-'••••:.• -^ •- •; > \ . ^ >• f g^oii^rrr .55 . The actual receipts into the Treasury during the year 1833, from,aU sources, were - - ; ^ ; 33.948,426 25 Making the whole ambunt in the Treasury in that year - 35,960.203 80 The actual experiditures during the same year, including the public debt, were. - :" ' " - 24,257,298 49 Hence, the balance in the Treasury on the 1st ofJanuary, ,. ' 1834, had increased to. ^ • ' \-' - 11,702,905 31. In addirion to this balance, the receipts.from :all sources^ during the year 1834, were - r . 21,791,935\55^ Viz.- From Frbm From From .Froiri fi • \ ' . • '. • . These, with the above balance, made an aggreo-ate of •The expenditures during 1834,, ori all objects, \vere ^ .• ' custonis r -^ ' $16,214,957 15 lands .; '-;, ^^ ^ - 4,857,600 69 dividends on bank stock, (kc. 234,349 50 sales of bank stock " . "352,300 00 ^ incidental items - ;• • , ' •• . 132,728.21 Y\z. • •;• • - • : • • - . ; -.^ ••- ; Civil list, foreign intercoiirse, and miscellaneous subjects - 4,404,728 Military service, including fortifications, ",ordnance,: Indian affairs, pensions, arm. ,; ing militia, arid; internal i;m^^ 10,064,427 Naval'service, includin g gradiialiriipr ovemerit .. 3,956,260 Publicdebt , -, 6,176,565 This being an ex:c;ess of expeiiditu^^^ $2,810,046 89, a^ the ist of January,/1835, amountirig to only • 33',494,840 86 24,601,982 44 "..• • 95 88 - 42 10 .' - ' , ' • ' • - .. - ;, . . . 8,892j858 42 638 REPOKTS OF T H E [1835. For the details of the receipts and expenditures in 1834, reference is jin9de to the annual account thereof, which is this day submitted to Congress in a separate communication, accompanied, as will be seen, by similar 'details of the receipts and expenditures for the first three quarters, of the year 1835, and of the whole esrimates for 1836. The receipts into the Treasury, ascertained and estimated during 1835, iare computed tobe $28,430,881 07: Of-these, the actual feceipts during the first three quarters are ascertained to havebeen $23,480,881 07. '"" ' Viz. : " • . : . . . ; From cnstoms - - \ - ' - $13,614,489 26 . . Fromlands' . . | . . ;^ 9,166,590 89 From dividends on bank stock 506,480 82 . . From sales of bank stock ; - - •; 62,^800 00: From incidental itenis . ; , ,130,520 10 • _. : j•.•.'. / .• . ' . , . . - . ' . • $23,480,g81 07 Those during the fourtli quarter, it is expected, will be $4,950,000. , Thus, with the balanee on the 1st of Januarv, 1835, they form an aggregate of $37,323,739^49. ' ' ' r fi The expenses of the whole year are ascertained and esti- , •mated to be , - . . ,-. : . .- $18,176,141 07 Of these, the expenditures during thcsfirst three quarters > ' are ascertained to have been - ' - . ~ - 13,376,141 07 Y i z . . ^ • • ' • . . . , ; . ' • ' : • •" . . , , Civil list; foreign intercourse, andanis-< •cellaneous^ - ^ .; , - : . - $2,827,196 ^ 16;' Militaryservice,includingforrifications,(fcc. 7,555.819 41 Naval seryice, including, &d. - 2,929,219 39 Duties refunded - , 4,756 04 • PubUc debt . .:,:;.; ,. 59,150 07 . ; . '• • ^ 13,376,141 07 Th^ expendriures for the fourth quarter, it is expected, ^—.-,:—, wiUbe . . ; - - . . - ' ; 4,800,00000 Thusleaving onthe 1st of January, 1836,;(subject, however, to the deducrion hereafter mentioned,) an ^estiniated balance of money on hand equal to %-' - 19,147,598 ^ 42 This includes what has heretofore been reported, as unavailable funds,.now reduced to about $1,100,000, mak- ^ ' ing the computed available balance, on the 1st of Jariua^ry, 1836 "fi -. •; 18,047,598; 00On that are .already imposed by Congress the following, charges, by current and perm^npiit appropriations, whieh have not yet been,expended, First, of former appropriations,'except thos towards the sinking fund, it is supposed thatlhere^willn-einain unexpended, at the close ofthe present year, thesum of $8,126,794... ' Gf that amount, it is computed that only $7,306,765 will be required to accomplish the pbjects intended by them ; leaving $344,707 to be applied in' aid ofthe appropriatibns for the ensuing year, without reappropriations, (as "will be seen ih the estimates,) and the balance of $475,322, xvhich has not 1835.]. SECRETARY OP T H E TREASURY. 689 been required, either at,all, or seasonably, for the objects contemplated iii its appropriation, will, therefore, be carried to the surplus fund. .Secondly, on whatis proporly embraced in the appropriations'towards the sinking fund, there is an outstanding charge'of about $253.556,,-for unclaimed interestand dividends on the funded debt, and of $37,233 for unfunded debt. '. ' • '. > These, though chargeable on the Treasury, under exisUiig acts of Corigress, and subject at any moment to be demanded, are not ail likely to be called for immediately, if ever. . Compuring, however.-'aU the existing chargesof every kind on the Trea; sury, at the end.of the pre,sent'year, to be about $7,595,574, the balance-of available funds then on hand would, it is estimated, be sufficient to meet, the whole at once, and leave, to be,hereafter applied by .Congress to new and other purposes, the sum ofabout $10,,450,024. . ' ; T h e next subject deserving consideration . is the action of this department,, since the last report, in relation to the fina;! extinguishment ofthe . ' '' ' / I I . PUBLICDEBT. . .: '\ Before the close of the year 1834,, ample funds were deposited Avith the United States Bank, as comrriissioner of loans, to/discharge all the public funded debt which was then outstanding. r J Of the funds so deposited heretofore, and still unclaimed; by thepublic debt.ors,(there remains inihe possession of ^ , the bank the sum of' -, - - -. ,- -. $143,570 63 .Since the 1 st of January-1835, there has been paid from the Treasury, of interest, and.dividends outstanding and • 'before unclaimed on the funded debt,-the sum of -; 60,000.00 There srill remains of the same debt, due and unclaimed, : , but ready to be paid whenever demanded,; an .amount equal to about -, '253,556,00 Similarly situa.ted is a smaU unfunded debt of S37,513 05, which may hereafter be claimed, and on which has been paid, during the past year, only ^' - "; - \ ;. -.fi'-' - f i - . . :-\ ,--^ , $22000 It consists of claims registered priorto 1798, for services' . "^ and supplies during the revolutionary-war, equal to ^ 27,437 96 Treasury notes issued duringlhe war of 1812; - . -- . 5,755rOO And Mississippi stock -. • - ^. ." '- , 4,320 09 I I I . T H E ESTIMATES OF THE PUBLIC REVENUE AND,EXPENDITURES FOR \ THE YEAR 183,6. -The receipts into the Treasury from all sources, during the year 1836, are esrimated at ^ ^ - $19,750,000 GO • V i z : ..• ' - . ' • • - Gustoms .,^$15,250,000 00 Publiciands -,. : - . - 4,000,000 00 Bank dividerids and.miscellaneous receipts -, 500,000 00. T o which add the balance of aVailable funds.in the Treasury on the 1st of Janiiary,'1836, esrimated at^-$18,047,598, and. they raake together the suni pf - ; . -' " - -, .. .$37,797,598 00 .630 -. • EEPORTS, OF T H E ' [1835. The estimates of "expenditures,; submitted for all specified objects, both ordinary and extraordinary, for the service" ' of 1836, and includiing the continsrent'forthe usual ex- ; .;'; cdsses, are ,- ' • - , ; • - ^ " • - ' y '- $S3,133.640^ 00 The expenditures during that' year^, for specified ordiriary • purposes, are estimated at only ' . ' ^' ,-.16,756,815 00 Thus the permanent and ne:w appropriations for those pnr; poses, required for the service of that.year, are esti-';. • ' ^ mated at - - -. , ' '' fi " - 16,412,108 00. Under'former appropriations, there is included in the esti• ' .• . .' itiates for 1336, o'a sum proposed to be used for the'service of 1836, without ^re'appropriaripn, equal to - , -344,707 00And these two sums amount to the before rnentioned aergregate bf ;• - . .--. r ' - . - - ..^ ..-^16,756,815 00 They, are'divided aniong the different branches of the pub- ^ lie service as follows, viz : new appropriations for civil, ' .. foreign'intercourse, and miscellaneous items ' - .,3.041,0^1 00 MiUtary service, pensions, (fcc. — ' , -' 8,602,319 00 Naval service arid-gradual improvement -• '- '. 4;768,708 00 ' Previous appropriations "to be used for 1836, for civil, &c. $5,192, for mihtary, &c. $339,515. By virtue of former actsof Congress, there -wUl probably be wanted during 1836, for the payment.of interest and dividends uiickunied on.the funded debt, and ofthe unfunded debt itself, yet unpaid, the sum of $50,000.'. ; ' - ' .;' . To these add such coriringent excesses of new appropriations by Congress for ordinary purposes, as are riot^included in tKe estimates, bnt which are likely to be deemed • proper by that - body,: and th.e grounds ofwhich were explained in' t^hc last annua;! report, $3,000,0.00. The; estimates of" expenditures in 1836, for extraprdinary |Turposes, which, are submitted in connexion-with the military and nayal services,-amouiit to $3,326,825. Making, as estimated for the service of 1836, all the new appropriations, of every kind, specifically called.fdr,, to' be $17,515,983 • and all the expenditures of every kind, for the service of the same year; to be ni the aggre-.gate, $23,133,640.. ' " .; ;; _ ' ' ; y '^ ' „ Onthe supposirion that the. appropriarions.outstairding and unexpended at the.end ofthe years 1835 and 1836, will be-similar in araount, this w;o.uld leave an available balauce in the Treasury at the .close' of the year "1836, or on the 1st of January, 1837, esrimated at about .f 14,500,000, provided the receipts be as computed, and Congress make no larger appropria- • tions for extraordinary or other puTposes,r at-their present session, than those enumerated in. the estmiates submitted; From.this amount, after deducring about eight miUions to pay.,the' outstanding appropriarions, to which the Treasury will then prpbably stand .pledged, there will beleft, at the close'rif 1836, a nett balance of only, from six to seven iriillidns applicable to any . other use, which Congress may now, or then, be pleased to designate, instead of about ten and a half rnillions, the nett balance estimated .to be left applicable at the close: of 1835. -hi other .words, the.expenditures" wiU in the ensuing year,.for only the objects specified in the estimates,'probably exc.eed the receipts in that year about fouii miUions of dollars, and thus, to that extent, reduce, the balance now on hand. .. '^.'' ; 1835.] SECRETARY OF T H E TREASURY. ' 631 IV. E.XPLANATI0NS OP THE ESTIMATES FOR 1 8 3 6 , W I T H SOIVIE SUGGESTIONS ON T H E PROBABLE €HANGES TILL 1 8 4 2 . The basis on \yhich the above estimates rest, will now be exhibited and explained. . ' .\' « • . , In the peculiar condition ofthe country- at this tim'e, without any debt-to absorb our surplus receipts, and amidst the great changes which have recently happened, and wili probably continue to happen, in our whole revenue and expenditures, till after the essential .alterations made by existing laws shah cease in 1842, this departnieri't feels bound to eriter more into detail than usual concerning the grounds of its esrimates, and to disclose more fully every material considerarion which has led itto the re'sults presented. Congress will thus be ;better enabled to judge^ of their accuracy, and to correct any unintentional terrors. For convenience in reference, a tabular statenient is, annexed, (A,) which presents separately fpr 1833, 1834, and ,1835,' so far as the last is ascertained, the general estimates in one column, the actual appropriations in another, and the expendituresin a third. To these are added, in other columns, the whole revenue, with the exports and the imports for each of those years. . Fpr a simUar reason, the Register has been requested to have the detailed estimates for 1836 prepared with a second colurnn, showing as^ainst eaeh the actual appropriation in 1835 towards a like object, \ ' \ ^ .' . , • . , -' Explanation ofi the estimates ofi receipts firom Q^ustoms. In respect to,the, estiniated :receipts into the Treasury for 1836, so far as derived from customs, they have been computed on =an. importation of foreign merchandise, expected to be near the average of the last three years ; but much less than "the importation of the year ending inr September, 1835. - Under our present system of revenue, derived: usually in the rario of three-fourthsjo six-sevenths from customs, the amount of imports have a very important bearing ori our whole'receipts. T h e amounf of exports is likewise material, as ;in some -degree influencing the imports, and, iri the present condition of the country,;throwing much Ught on its great agricultural prosperity, and furnishing, with the others, highly useful indications conceriiing the extent'andincrease of our foreign commerce. . The imports during the year eriding Septeniber 30,1835, are ascertained and.esrimated at $151,030,368., , '• . : / ' They show, compared -with ^ the^ preceding year, ari' increase of $24,509,036. Those during the three.past years have, on an average, been about |;i28,556,670.' ,. .' ' .. . • •- . . ' The/exports duririo^ the past year are ascertained and esrimated at $118,955,239; of thesje, $98,531,026 were in domestic, and $20,424,213 in foreign products. .Compared, with the preceding year, they exhibit an increaseof $14,618,266.. , , •.. . , •' ' - • y>' / ; . ' As some evidence that- our' estimates of the .whole importations the en, suing year are- founded ori correct data, it appears from a document annexed, (C,) giving their amount from 1790, that they have constantly, and sometimes largely, fluctuated between particular years ; though, comparing most terms ^of a few consecutive years with fornier ones, they have generally increased. Thus the whole imports duririg the five years prior to 1835 exceeded those of. any former period of •$imUar length by nearly fifty 632 : • . ' R E P O R T S OF THE;- ' , • [1835. ^millions ; except on one occasion, almost thirty years since, when they aj>proached near, arid another, about twenty years sirice, when they exceeded their, recent amount; in consequence, at the former period, of our extraordinary share in the carrying trade, and at the latter one, of the large demands to supply the deprivations w^hicli had been caused by war, and to meet the increased calls of numerous new commercial eriterprises, fostered by. returning peace. But the very fact of our recent importations haYing been so large, is one of the causes why a considerable diminution in the whole^amoUnt jn 1836 is anticipated. Some further causes will hereafter be specified, in connexion with other corisiderarions, avhich, it is believed, wUltend to produce the same convictipn./ When we proceed to examine the/ree or duriable character, rather than the amount of pur imports, during only a few years past, with a vievV to esrimate more cri ically the revenue which will probably be received from them in 1836, and to formi some general cbnjectur.es upon the.subjept thenceforward to 1842, it,is a fact deserving careful notice, that while the'^whole amount of. imports has for some years been increasing, that portion paying duties, has greatly diminished, and, at thesame rime, the portion exported and entitled to drawback has not diminished in a similar ratio. . ' . A statement is subjoined, which furnishes important details on- this point sirice the late great changes in the tariif, (B.) The general results froni them are, that while the importations paying duties have fallen off in 1833 about eleven millions, and in 1834 seventeen millions more, and the free goods iricreased in even larger proportions, the exportatipnof dutiable articles has fallen off in the corresponding years only about^ six and'two millioris, leaving the actual consumption in the United States of such foreign merchandise as pays duries at Uttle more than one-third of our wholerimports, and'quite twenty mUh'ons less than in 1832; This computation as to the corisum.jirion is made on the probable hypothesis, that the stock of such merchandise on hand rernained about the same, at the close of^'each^ year, which, though not correct in some single, years, on account of wars and various .vibrations in trade, would, in any series of a few years, be near the truth. ThejmportiitionSy however, in 1835, and especially in the last,quarter, as they have been "unprecedentedly large, exceeding, it is computed, in that alone, more than fiftythree miUions, and mostly not yet consumed, may be thought to constitute some exception to the above rule; and hence, coupled .'with the fact that the r,eturns are sdU incomplete, and depend in part on esrimates, their amount and character haveiiot been introduced into this comparison. But they are inserted in the table, as fax as. ascertainable ; and if considered without any.unusuariimitations or deductions, wpuld'show a great fluctuation in the consumptipn, both of all foreign-merchandise' and of that which is riot free. ^ .: . ^ . ; The rate of duty has in many articles been.so essentiaUy reduced, or entirely removed, as to lessen the whole receipts from customs over twentyfour miUions in,the last two years, and produce most of lhe above differ-ences in the character of our imports. With a view to enable Congress to forrii a just esrimate of tlie probable receipts frorn customs the ensuing year, there should be .inade to, any changes occasioned by the above causes, such addirions and dimiriutions for the past and the future, as are resquired by the difference, which pften happens between the amount pf duties accruing and the amount actually received in any particular year. •1835.] SECRETARY OF T H E TREASURY. ^ 633 In some instances, this difference happens by la.rge changes in the amount of .bounties paid or duties refunded; or, aa in 1833, by the subsritution of cash duties for credits, and by giving short instead of longer credits; andin others, by the bonds due after the conimencemeritof some years, as in 18.34, iiaving been larger in amount than in 1835 ; some having been giveri for duties on certain^ articles, which afterwards became free, and others having been given for more duries on the same kind and amount of articles ' before the bieririial reduction took effect, than they were subject to afterwards. Without new legislation, however, none of these circumstances, except the last one, can operate much hereafter till 1842; and the effect of that will generally not fexceed^a quarter of a mi.Uion of dollars, and is a gain to be felt not till 1837. Another difference arises somerimes from larger collections of old debts due for customs;/as when in 1835, but not anticipated in 1836, riearly.one.quarter of a million has ;been coUected bn a single'claim, originating as long c^s ten "years ago, independent of many smaller collections on still older claims. ; ' ' The.only remaining difference of much imjlortance in our receipts from customs the ensuinof year, compared \yith tile last one, wilf probably result from the biennial reduction in diitiesof nearly: a million of doUcirs, which the exisring laws provide shall take place after the close of the present month. This reduction of duties might, under some circumstances, be chiefly obviated by an increased, importation and consumption of foreign merchandise. But it has been already stated, that the whole' importations were of late so unusually, large, as, with other causes hereafter explained, not only to forbid ariy reasoriable expectation of their increase in 1836, but to render a reduction probable; and, it is further believed, a careful inquiry will show that the consunlption p f \ U kirids of fpreign merchandise in.the United States has;generally enlarged iri a smaller ratio than is supposed by many; and especially that the use of such'as pays duries, whichis the cardinal test of our receipts from customs, wUl rather lessen :than increase in 1836, and be,not materially enlarged rill after 1842. By the table before referred to, (C.) Which is the most ac.c,u?atd the records of the Treasury enable; me to prepare,, it will be seen what our consumptipn of foreign merchandise of all kinds has been during each ofthe last forty-five years. By ,com-, paring, not single years with others, but a series pf three years, (as, for instance, 1792, '93, and '94, with other simUar series after intervals of ten years,) and paying less regard: to the first arid third series, as the'former rests on estiinates niade riow, and not on valuations at the rime,' and the latter, being in a period of war, is too irregular for a guide, it appears that the average increase of consumption, of all foreign merchandise has. been not three per cent, annually in the last thirty years, and has been not equal to the increaseof our population during the same period by over one and a iialf per cent. While the increase of the^ktter has also been very uniform, _varying between every census, and for the whole time^very steadily between four and a half and five per cent., that of the former has fluctuated largely, rising under the great impulse given to credit, industry, and enterprise, bythe adoption of our constitution, to near seven per centi yearly, during most of thefirst ten years, and; then falling to only about one per cent.-the next twenty years. After that, by one of those customary "tides iri trade w.hich almost periodicaUy occur soon after checks to overtrading, an exhaustion-of old stocks of goods, and erilarged means to purchase, from abundant-crops, their high prices, or ariy other ,cause^ the rate of increase • 634 • ^ . REPORTS OF T H E . [1835. in consumprion rose-^ again; and, by-reason of so many free gopds, and espe, cially the unprecedented imports of specie in 1833 and 1834, auiounted, on . an average, during.the last ten years, to four per cent, annually.. Deduct, howeyer, that excess of specie alone, and the increase would not much exceed three per cent, on the consumption of .all kirids of foreign merchandise; while on that of such merchandise as pays duties, there^has, as befbre detailed, been a great decrease; and there is no likelihood of much permanent increase, till the .whole importations^ shall be greatly augmented,, or the tariff be again extended to a larger hst of articles. • By the customary reflux of that tide from opposite causes, and the greater substitutipn of some kind;s of domestic products, it is beUeved that the above rate of increase as to all foreign arricles ivilf again soori decline, and prpbably rerijairi .much below that of our population, until new legislation, or the essential alteration's.now goriig on in the tariff, shall materially enlarge the amountof goods paying ,a low duty. As the capacity of the country to purchase foreign goods will, (all other things remaining equal,) be then enlarged in the ratio of what it does not pay for duties, such alterations, when;their influence shall be.fully felt in 1842, wili, as-the great alterations in 1832 and 1833 have already done, doubtless tend again "to augnient somewhat .the > whole impoi'tarions and corisurnption.of foreign arricles. Anpther comparative view, perhaps more striking, of this corisumption, is, that according to the value, of the articles as estiniated. at the custom-house, its average atnount in 1790 and '91 was jabout /seven dollars per head l o our popula, tion; in 1800 and 1801, over ten dollars per head; in 1810 and'''11, .about seven; but .in 1820 arid '21, only abo,ut six.; and in 1830 and '31, ,only about five, or one-half of what it was thirty years before. This great difference has probably arisen, not only from the increased dbrnesric- production of certain manufactures, such as' cottons, woollens, salt, and iron, and of some articles more immediately connected with, agiicnlture, such as sugar and molasses; but from a faU-in the price-of many ^articles, maldng the value less of' a similar" quanlity Gonsumed,; and fro rii'the greater ,extension of our pppulation into the west, where the independent habits of the people, and the comparatively enhanced cost'of foreign articles, would^tend t c cause a smaUer consumption of them than near the seaboard,' where /their price is lower, "and it is ciistomary to depend more on foreign ,sup^ plies. * •.' • . ," . - . . • . ; . • . - . ; ' r . - ,. ,'•. . - It will be noticed that all the.above, computations have been made ofthe value, and not the quanrities, of the arricles consumed. ^ The latter would be more difficult to exhibit in so great 'detail and" fiilness.. But, if they CQuld be, the result would,in a,view, coilnected with political economy, be more satjsfic tory, as showing inorp clearly the coraparati ve. habits of-our population at different periods; because prices, especially pf some manufactures, have^fallen during the.last forty years, probably, on an "average, o.ver'fifty per cent:;'and our whole .consura.prion. of foreigii articles has, without doubt,-diminished riiore in value'than in quanrity.. . - But the difc.culties before menrioned have prevented any furtlier exhibit, coupled, with the cit'cumstance, that, in respect to the arnount of duries—the.inquiry.now most perrinent and material-T-the result, in the present state of the tariff,, won Id be mucli less important than somiC might at first ima^ gine, as it would be wholly .unaltered in,all cases.pf specific rates of duty; wHether the values or the. quanriries be detailed in tlie^ statements, "and equally unaltered'iri over.half of all the foreign goods no,w imported, they 1835.] SECRETARY. OF THE-TREASURY. 635 being at presentfree, and the rate of increase in their consumprion, by.additioiis to our popularion, or other causes, having rio influence w^hatever on the revenue. , : ^ " ., ., Hence, in looking to the futnre, it is essential tP notice, that, if the increase iri consumprion..of all foreign goods should continue to be on an average, iill 1842, as large as during the last thirty y'ears, it would only add yearly about one and one-quarter million to the imports bf goods which are now dutiable, and on which the average revenue would not probably exceed two hundred; and fifty thousand dollars per a,iinuni. But it is presumed that <, the increasing substitution in our importaridns for consumption, of free for dutiable goods, when the former will answer the desired, purposes of the community, wUl, on account of their couiparative .clieapnpss,.make the ftee rather than the (duriable goods usually increase, and be frequenriy in a ratio quite large enough to counteract or n'eutra.lize'the effects of any tendency . to augment therevenue, by an increased consumption of all kinds of foreigii Sfoods. •' . .'-' , ^ •. •.' " ; ' " , ' •" T h e comniercial returns for 1835 were not received so as to be used in • any of the above computations; but, so far as mow ascertained and estimated, they are given in the table,- and furnish ~ another illustration of the fluctuating character of our foreigri trade, and the uncertainty of any state/merits fbunded on it, which do not extend.to comparisons of yarious and distant periods of time. - - : .; The exports of domestic produce in the ensuing year, wUl, as before remarked,, exert some influence.on the amount of importarions, and hence on ,, the revenue frorii customs. But the effect of those exports on our import-' ations' for inimediate consumption, including aU but specie, and other articlesto be ao^ain exported, wiUiu reality always be lessthan is sometimes supposed; provided the domestic supplies of similar articles- shoiild,, as .of late years, coritinue rapidly to increase,.and shouldi prove to be equal in quality J' and not higher in price, than similar ones imported from^ foreign / narions. In; that event, thougli the ability ofthe people .to buy foreigri goods will fortunately.be.greater, where the exports are large, yet .the permanent retu rns from, abroad will generally be more iri money to be expended at home-, and less in goods to be consumed. .Rut the diversity of opinion' which ^exists, concerniiig some of these considerations, has led ine to submit the document arinexed. (D.^) . ' ' ••• ^ , From this it appears that our'whole' exports,, of every/kind, in thelast five years, including the esrimates for 1835, have not-exceeded those during a similar term, from 1803 to 1807 inclusive, but-about forty niillions ; and being an excess no larger than at most intervening periods, while an extra-' ordinary increase has taken place in our exports of domestic products, exceeding.in value those, during that terni more than orie hundred' and fifty millions, and being'quite double the. excess at most intervening periods. Indeed, it will be"seen:that they have been almost a huridred per cent, larger than they were in any similar ter mofyears pre vious to 1816, andJhaveexceeded those dining such a te.r'm only'ten years ago, by the siim ofabout one hun'dred and fifteen millipns—a difference greater than the whole amount of all our exports of domestic products during the first five years under our present form of governrnent. The recent average rate of increase, in these exports, however, has riot been largey independent ofthe arti cle/of cotton; nor is it likely to augnientduring the'few ensuing-years. Adopting a comparison between eve.ry term of ten years, from 1792, '3, and '4-, to 1832, .636 ' • REPORTS; OF T H E - . ..•; [1835, '3 and '4, and including'all arricles, it appears that the whole exports pf domeslie produce exhibit ari increase in the last thirty years of less, than three per cent annually, or a rate considerably lower than that of our.population ; ihough, in the previous term of ten years, by the great prosperity frorii our new form ofgovernment, and the rapid progress in the cultivation pf cotton, that increase was near eight per cent.; and in the high price and large exports of this arricle in the la^t term of ten years, it has been about five per cent annually^ But as that price has of late been unusually high, and is now lower ; and as tile demand for cotton abroad.'in the ensuing year is not likely to exceed', if it equals, the late custoriiar'y ratio, and on which ,some interesting facts may be seen in'the statemerit annexed, (E) the value of our whole doriiesric exports (over,one-half of which nowcrinsists of cotton) will probably be. less in 1836 than in.l835.:' This result, therefore, forrifies', -rather ihan impairs, the correctness ofthe diminished estiniate of our whole importarions in 1836,'and ofthe anticipated receipts.of duries therefrom. Ori the whole, then, as the biennial reduction in-those duties which exceed "twenty per cent takes place on lhe- 3,1st instant, and will amount to near^one miUion of dollars ; as in the ensuirig year the' whole iniportations . wall, by the estimates,'be less, and the consumption of foreign articles paying duties is for that aiid' other reasons npt likely tq increase ; it results, from these and. some circumstances before menrionedV Uiat the whole aniount of revenue which wiU be received from imports during the year 1836, will probably be from one to two millions. less than, in 1835..; If we look forward to 1842, when the tariff is, by our .presentlaws, to undergo a great change ; andif we regard, in the intervening time, the probable exports x>f doniesric produce and imports of foreign merchandise, or the pre^ suriied coiisumpriori of that small-portion of the latter paying duties, it may fairly be concluded, thaty after nia;kirig due ahpwances as to all these, on acconnt of our increasing population and wealth,^ and deducting those allowances frorii the biennial reduction, riot only will the revenue accruing from customs probably diminish at lhe average rate of about one-third of a million per annuiri^ or' near two-thirds of a million every-second year, -uritil the 1st of .Tanuary, 1842, but then, at one. blow, over twp and a'half millions riiore .of the duries above twenty per cent is to be struck off; and on t h e l s t of July, the same year, oyer two and a half millions riiore, and some new articles, for the first time, be rendered entirely free. All the reducrion which is-to take place in that year a,lone, wUl thus .amount to between five and six mUlions of doUars; an,d .the whole annual revenue from custpms.'will, by 1843, have probably fallen to about riine^ instead of its present ariiount, of about seventeen miUions of ddUars/ , / ; . / ' . • • • . ' . • ' ' ' ^ ' ' ' ' • ' ' Explanation cfi the estimates ofi receipts firom lands. ' . - The revenue from lands the erisuing-year has been estimated at four millions of dollars. In submitting the esrimatesjor 1835, the amouritexpected to be received from this source, was. for reaspns then stated, calculated half a million higher than it had ever been before, and was described as stilL too low, if the department had not anticipated that large sales w^ould be made for the Indians, the proceeds of which w^r.e not to go into the Treasury for public uses.^ But these last, sales, delayed till the first montli iri the next year, have unexpectedly given place to others, all whose prpceeds have so gone into the> Treasury. - This change," with the opera s» 1835.] • SECRETARY OF THE-TREASURY. 637 tion, in such unexampled force, of the' circumstances detailed in those rea.sbns, aided hy such an eager thirst for the investment of surplus capital in new.lands, arid the bright prospects of large profits from their immediiate cultivatiori for cotton in the southwest, with the extraordinary number of pre-emption claims aUowed, has caused the actual receipts from their-sales, during the year 1835, to exceed those of any. previous year, b y tlie sum of probably more than six miUions of dollars. . , . / From.the fact that many of these sales have not been; made to actual settlers, andthat much of the land thus sold will remain in the. mar ket to aid in ,supplying hereafter such purchasers; from the probabihty, that some' diminution in the price of cotton, with the iricreased cost of labor, will lessen somewhat lhe ardor for new-investments in land in the southwest; from the circumstances that niuch fewer pre-erription claims exist, and fewer public-sales of iands whose prpceeds belong to the (government, by over twp .mUlibns of acres,'will be adverrised the ensuing year; and from the presumption that lhe sur.plus caipital to-be,re-invested, deri ved from, the: final payment of our public debt, and from the unusuaUy great exports the" last t\yo years, will be reduced, it has not been deemed safe to estiniate the receipts, for pubUc purposes, from,sal6s of land in.l836, at .more than four miUions of dollars. < : ' ' ' ^ Besides thosq receipts, the sales of the Chickasaw^ lands, postponed as before remarked, to the ensuing year, will probably be considerable, as the quantity offered will be about six inillions of acres; and though, by:treaty, the ^proceeds of them must,be invested for the Indians, yet the.sal.es wiU, to their extent, diminish the demand for other lands, whose proceeds would' go into the Treasury. Jn- looking beyond the next and a'few succeeding years, as connected with this subject, itis true that the whole lands still owned by the' United States,^ within the boundaries of'the present States and Territories,' exceed the vast quantity of three, hundred and thirtymil1 ions of acres; and,.west of Missouri and Arkaiisa,s, perhaps seven hundred and fifty millions more, of which only seventy or; eighty miUions have yet been specially assigned to thejndians, or in any other way absolutely appropriated. But though three' hundred and thirty miUions of acres would alone be enough in, quanrity, at even the; rate of the recent large sales, to-continue, for a considerable .time, to yield an iniportant'share of revenue, it must be reriiembered that a deniand for it wUl be limited generally by the extent of the iiicrease of our popularion and capital; a n i that' large portions of it, (perhaps one-fourth,) ought to be > deemed waste and water; and probably half of it, as weU as mrich of that which lies west of the present States and Territories, be considered of such an inferior qual\i.ty, that it cannot be sold for cultivation till our population reaches an amount and density which wiU jDi'obably require ages to ,effect In illustration of some of these views, it is:a"remarkable/fact, that, pf the whole quantity of land surveyed^and. offered at public sale, froni 1789 to 1834, being about one hundred and twenty-two millions of acres, npt one-third of it has been sold for any purpose whatever; and that the whole receipts, being a little under fifty milUons of dollars, from the whole sales of public larids during that peribd, have furnished only a small amount, not exceeding three or four, millions of nett revenue, beyond the whole cost, in various ways, attending their purchase and management But a considerable nett revenue from them, hereafter, if neither given away nor divided, can with safety be expected; and they would then tend 638 REPORTS OF T H E [1835. to furnish that rehef under the common burdens, and that aid towards the, common and legitiniate objects of the Union, which were intended to be promoted by their priginal cession to the General Government. T h e . present rate of increase in our population engaged in agricultural pursuits, -will not, it is presuri^ed, for six or seyeri years, create a regular annual.demand for immediate culti^varion of over.one million of acres of the public lands; and it is calculated that from two to fpur mUlions more wiU be bought yearly for investment ofcapital and re.-sale. . , ^ The esrimate for that rime proceeds ori the probable presumptiori that no very large portion of our old culrivated lands Avillbe wholly abandoned, and that the new lands annuaUy put into cultivarion in the whole Uiiion have been,, and-wiU be to the ariiount of quite onelialf those bought bythe actual setriers, not directly of' the United States,-but of the severaL States, or of individual owners. Asthe wild lands owned by severaf of the States, and by conipanies or individuals,/\vhetlier belonging to them through gift, sale, or otherwise, from eitlier former Governments or the United States,shaU increase or diminish iri quantity and price, the new sales by the United States \are likely to be less or rnore, and the above proportions to be.come by those,-as well as by riumerous other circumstances, soriiewhat af fected. The whole sales pf pubhc lands for speculation and investment, as well as for immediate cullivaripn, will, therefpre/ from various causes, some of which have already been specified, probably fluctuate between two and five.mUlions of acres, .producing from three to six millions of dollars a year tUl 1842, and; indeed, not often exceeding the iriaxinium till most of the riph soils are gone. >. • ._ .. ' • A document has been carefully prepared. (F,) whicU iu some degree verifies these general views, as it shows that the .whole sales, to the close of 1834, deducting about six and one-third millions, of acres, which reverted under our fornier system, have be.en bnly about thirty-seven a n d a half ,miUions of acres during forty-five years, or on an average-only about threefourths of a .million of acres yearly,^for immediate cultivation, and every other purpose. ; This quantity sold, with about sixteen* miUioris given away as bounties in the last war, and for schools, colleges, internal irnproyemcnts, and other pubhc objects iri the new: StatesT—being, together, almost half as muchas.aU the sales-—-would, through vthe whola time, be taking fromthe public lands by both gift and sale, and 'for all purposes, UtUe more, if any, when compared with our pppulation, and the additions to it at'different periods, than three .millions of acres annuaUy would be now.. It may be instrucrive, in respect tP the estimate of our future prpceeds from lands, to recollectthatafterthe preserit system commenced, the sales never; amounted in fact to one.million of acres a^year till 1815,: nor to two millipns a year till the temptations of the: credit systeni,'and the great rise.in the.price of' cotton to 26 and 34 cerits perlb. induced; larger purchases,.extending to over two millions pf acres iri 1817,.and about five and:a half inillions in 1819; and thus evenf fifteen years ago exceeding in quantity, by nearly a miUion of acres, the large sales of 1834, and exceeding them,,in the sum promised to be paid, by the almost incredible amount of niore than twelve mUho'ns of doHars. But the faUofcottonj in 1820, lo only about half its former price^ combined with other causes, leftthe purchasers in debt toithe Government over twenty-two mUlions of dollarSj:and, with the change from the credit to the cash system^ ^reduced the sales again to' niuch less ihan a mUlion/of acres a" year, caused nearly six riiiUions of the' f6rmer^sales to 1835.] SECRETARY OF T H E TRiEASURY. 639 revert, arid kept them down to less than 'a miUion in every year after, tUl lhe rise of cotton in 1825-gave a new impulse; which being aided by other powerful causes, the sales gradually enlarged till they reached a miUion again in 1829. Sirice that, increasing stUl more rapidly, they have exceeded, duririg 1834; four mUlions, of acres, and during 1835 probably nine millioris. Aniong those other causes, the more extensive introduction of steam power on the western rivers and northern lakes, with the public improvements iri their navigaribn, arid, the increased facilities of intercourse by rail-roads arid canals,.have of late added much to the sales 6f the public lands beyond previous years, and; beyond the proportional increase of population. To the force of this,, csiuses have been joined, during the last three years, as formerly suggested: the .effect of the pre-emprion law, the>increase in the price of cotton,.arid theunusuaf abundance of surplus capital in 1835 seeking new investnients. But niu^ch^of the ^ great difference to be produced' by tliese.^ causes has, perhaps, happened already. , What extraordinary increase of ^populatiori and demarid for new larids in the United States may hereafter occur by emigration from Europe, compared withformer years, must depend on so ma;ny contingencies, both here and there, such as good or bad governments, prosperity or decline: of manufactures, and a taste for erriigration to new lands in other quarters of the w^oiid. as at present to prevent any persoii from making a safe estimate.. ' Difiiculties in estiinates as to customs and lands. T\ Comparative and speculative views, connected with the subject of our re-ceipts. from customs and lands, couldbe'further extended; but their pracrical utility might bedeemed problematical, as sufficierit is beheved to have been already stated for all general purposes^. Greater confidence is felt in the.estimate submitted for the receipts from custorrisin 1836, as that offered last year for 1835, founded on somewhat simUar data, has not varied frpm the ascertained a;nd estimated actual receipts ovpr a million of dollars. But the actualreceipts from lands have, for the varibus reaspns before explairied,differed largely; and, united with the faUure to pass soriie'usual and anticipated, appropriatioris at the last session of'Congress, have caused most of the. iricreas(3d surplus now in the Treasury. The'difficulty in attaining much certainty in estimating the receipts from either customs pr lands in any particiilar year, iri a cpuntry so new, enterprising, arid prosperous, as ours, has ever beeri corisiderable, in addirion to the fluctuations we always shall be liable to from short crops, pe^stilence, arid war. But this difficulty wUl be more strikingly-exemplified till 1842, urider the material alteration from credit to cash payments, and underlhe continued biennial changes to which the tariff is now subjected. It was shown, in 1822, in a report of a committee of the House of Repiresentatives, that, from 1802 to that time, the estimates of our; whole receipts differed, either by excesses Pr:deficiencies,from the actual receipts in different years, &om one to forty-three per cent.; and in ciistbriis alonC; from three to seventy-three; being an ayerage of about sixteen per cent.: per annum. Thedifference since 1822: has; been carefully examined, and is found to vary from less than one per cent.: to over forty-one; arid averages annually about thirteen per cent But the effects of the irregularity of pur actual receipts into the Treasury: in iany particular .yea;r, whether over Or under the estimatesj were/les^^^^ 640' ^ . REPORTS OF T H E : [1835. and were of less comparative importance, before the final payment of the public debt, at the close of 1834, as that payriient, from time to time, corrected any irregularity, and superseded what.wUl often hereafter be inevitable vvithout due precaution—the necessity of a resort to new legislation, whenever any considerable, excess or deficiency happens to occur in the whole revenue. '/ / Besides what has already been remarked on the influence which the increased cultivation of cotton in this' country has in various ways exercised, and is likely to exercise hereafter, in oui\ revenue from customs and; lands; it might be madena subject of further and very interesting inquiry, in connexion with the uncertainty pf the estimates on- those subjects, affecting, as that-cultivation does, more, remotely, nptpnly our revenue from lands and customs, but the balance'of trade and the export'of;specie, as.weU as the continuarice., by mearis of mutual dependance aniong great interests, of Hiany^of our peaceful arid prosperous relatipns both at;„honie and abroad. But withput entering, on this, occasion, into further details concerning any of these points, it may be mentioned as a very striking result connected with the last one, and as furnishing a strong presumption in favor of greater exemption hereafter from fluctuatipns by. war and conimercial M'estrictioris,/ that whUe the quanrity.of cotton exported frorii this country,has increased from half a million of pounds in 179Q,, to over three hundred and eighty millions in 1835, and has exceeded in valiie, during six of the last ten years, all our other exports of domestic products of every description, the manufacture ofit at home,, and chiefly in the northern States, has increased, from consuming pnly a few bales more, to ninety rnUlions,of pounds yearly, and to that extent creates a new. and strong bond of .reciprocal advantage and. harmony* and that while we now furnish, instead of the". sniaU quaritity in the first years of our.Government,-quite fifteen-sixteenths, of the whole . consumption of raw cotton by England, and seven-tenths of that by France, aU the present exports of it to Europe, from aU the rest of the world, do not probably equal, if those two riations could obtain the whole, one-third of what they nowconsuriie, or one-fourth of what they iiow import from the United States alone; and thus, while neither of them produces any of lhe raw article, except a little iri some remote dependencies, that they have an^ annual manufacture nO(Vy.relying on it, and chiefly on theUnited States, equal in, France to eighty milhons of doUars, and in England to bne hun-^ dred arid eighty mUlions of doUars;. and corisrituting, in. the latter, after it supplies her own large necessities at home, over pne-half in value of her great annual exports to aU quarters of the globe. ' • : . Explandiion ofi estimated receipts firom miscellaneous sources. T h e estimate of receipts from bank dividends has-been made at the usual rate, computed on the present amount of stock stiU owned by.the United States, indeperident of what belongs to the navy pension fund. Should the bank divide a part of its capital after the 3d of iVIarch next, and before the close of the year 1836, the dividends received for interest or profits wUl probablyvbe somewhat lower; but, bn the other hand, there will then be received into the Treasury,, instead of them, a due prpportion. ofthe capitalstock. _ ^ : ^ This department made seasonaible inquiries of the bank itself, as/to its 1835.] SECRETARY OF T H E TREASURY. 641 probable coui'se in respect to the division of its capital, with a view to apprize Congress of the revenue which ought to be ^antidipated from that source in 4836 ; brit, extraordinary iis i t may^appear, at a period so near the' close of itscharler, and after the discontinuance of several of its branches, it;will be seen by the correspondence annexed, (G,) that the bank had then come to: iio decision on the subject ^ The sales of bank stock tP the riavy pension fund will probably not be deemed advisable by Congress after the 3d March next, and herice the receipts from those sales have beeri estiniated less than usual. It is supposed that the/other receipts from. misceUaneous sources will correspond nearly with those in 1835,:except thatlhe sum of $6,235, belong-' ing to this Goverrinierit outof the Neapolitan: indemnity, for lhe transportation of seamen jat thei time pur vessels were seized, having in the first in^tafmerit been promptly arid honorably paid according to treaty, has, since the last annual reppit, been adjusted, and credited undef this general head. It gives me pleasurelo add, that about $l;Od,OO0 more has beein secured by mearis of that indenmity, on debts of long-standing due from several of the 'claimants to the United States, and over one-fifth of it has already been paid into the Treasury. In pursuance vof the act of Congress on this subject, the bialance of riie first instalment, as soon as the awiards were completed, was paid to those entided to it. and certificates were issued for the lemainder. All due underthe' second^ instalment has since been punctually dis-. charged by the Eing pf the Tvvo Sicilies, to the agent of the Treasury abroad; arid after some delay in its remittance from Naples to Paris, with a view to make it in; a manner most advantagedus to the claimants, the whole has been received, here, arid the nett proceeds, as soon as; ascertainableJ immediately paid over. •" ' ' f Explanation ofi the estimates ofi, expendit^^^ The experiditures in 1836 for ordinary purposes are, it has been seen^ estiraated;at a still lower sum than they vvere for;i835. But as the present is a^lorig session; of Congress, the coritirigerit excesses of appropriations beyorid the general estiniates, explairied in thelast annual report, have beeri submitted^ as likely to be half a miUibn larger. It is gratifying toi state:that, independentof the paynierits tovvards the; nationa;l debt, leaving; the community, with all its caipital and energies, eritirelyfroni that causes unburdened arid uritra;nimelled, the actual expenditures ofthe General-Government have, ori-othprsiibjects, sirice 1833, been reduced about four and a half millions of doUars a year; or near nine millions in 1834 and 1835 ; and the country at large, during the same period, relieved from taxatiori by reductions in the tariff, equal to nearly twel ve arid a half millions a year, or-about ^ ,twerity-fiye miUioris in; alL The probabihties as to still further reductions in pur ekperiditures: for ordinary purposes during a riumber of ensuirig years, excluding ariy extraordiriary grarits ori accourit oif the preserit large surplus, or other cavises, can best be ayeighM by a'i'etrPspect to, the chief subjects of increase during a fpiy past yearsj and by a disdriniiriatiori between the itenis vvhich"are in their character permanent or teriipprdiry, and which still existj pi: have already expired. " : ; The chief items of increased expense duririg those' yeats whidh (frorii aft increase iri some of our national establishmehts, caiised' by obvious: VoL.iii.^—41 642 ^ REPORTS OF T H E . [1835. reasons in most cases, such as greater population and business, aed a rapidly extending frontier) will probably be somewhat permanent, if not in some instances progressive, are most of the large additions.to the legislative expenses—^^t.he gradual augmentation inappropriations for the judiciary, and the salaries of district judges ; the new bureau of SoUcitor of the Treasur y ; the corps of mounted dragoons in the army; the increasied ;number of/ ' and pay to, officers in the navy; and lhe extra compensation to oflBcers of the custonis, since the great reductions in the tariff. The chief additional items of expenditures during the last few years, which may be deemed teriir porary in their nature, but which stUl continue in a greater or less degree, are the large increase in theextinguishmentofIndi,ari,titles, andin grants of revolutionary pensions ; the payment of Virginia commutation claims; great additions to our light-houses and customliouses; opening many riew. roads in the Territories; the continuation of the Cumberland" road ; .the survey; of the coast; more numerous allowances of misceUanedus claims; and the, building.of brarich mints, commenced the present year, though their future' support will be a new item of permanent expense., The issue of Virginia- t land scrip, virtually receivable instead of moriey for lands, is, in substance, though riot in form, another large item; because, though not included in ^ the usual exhibit of expenditures, ithas,, in thelast four years,, exceeded a mUUon'of doUars, and will,iri this and the ensuing year, probably extend to eight hundred thousand more. The items of magnitude in our expense.s which have lately existed, but .are now eithef terminated or suspended, are the building of the Potoniap bridge, though, its repairs, lighting, and draws may hereafter be a durable charge;-Macadamizing Pennsylvania avenue,and several grants of money for various other piuposes in the District ofColumbia^; repairsof the Cumberland road; finishing and, enlarging spme ofthe public buildiugs here; refunding large amounts of duties urider for-^ mer laws; the expenses of the war with the nprthwestern Iridians in 1833; repayments for advances during the war of 1812 ; a, large reimbursenient of the navy pension fund; several special expired appropriations towards naval objects; and almost every thirig connected with the publicdebt A tabular statement, further illustrating many of these changes, as well as others under aU the most important heads of expenditure, by exhibiting the sums yearly paid under each material one Irom 1816 to 1834 inclusive, has been prepared with care, but is so voluminous that it will not be submitted to Congress unril some other appropriate occasipn. In the esrimates for extraordiriary purposes the preserit. year, it; will be seen that most of the increase is caUed for by the oniission to pass the annual appropriations last year for fortifications,, arid by the;unusually-large, surplus in the'Treasury, which is not wanted for ordiriary objects, and which, it is supposed; can be applied usefully to hasten those great improvernents connected with our military and naval defences, and which are of a character admitted by aU to: be riational, benejScial, and constitutionaL Urider our'high state pf finaricial proisperity, and reposing iri peace, the best period for due preparatiori for \yar, the undersigned considers the Treasury in a proper condition to meet any irieasures vvhich the Executive or the jippropriate departments/have recommended for Ihese desirable objects, as well as any similar and additipnalj measures which Congress may be Ukely to think required by prudent foresight, and a proper regard for natiohal character arid isafety. ; /^ \ > ' / f 1835;] SECRETARY OF T H E TREASURY. ; V. SURPLUS IN THE TREASURY, AND DISPpSITION OF IT.> 643 It has been shown that the available balance in the Treasury,, over all outsriinding appropriations, on the 1st of January, 1836, is estimated at about ten and a half mUlions ; the expenditures for the erisuing year, for all purposes, whether brdinary or extraordinary, enumerated in the schedules, at more than twenty-three ririllions,; and:the! receipts ;at less than twenty millions. Hence it follows, that if the appropriations made, and the revenue received in 1836, shall be as large asthe estimates, and no larger, the nett surplus now;appUcable to riew and other objects, wiU,^probably, in the 'Course of the ensuing year, become reduced, to a sum between six and: sev^-en raiUions. This suni, therefore,; would, iii those events, remain on thelst .January, 1837, as a nett surplus, unexpended and'unpledged. Cbn-, sequently, mostof it could riow be-applied to other purposes ;not included in theestimates, and liberally aid-in- promoting any constitutiorial objects which Congress may deem most expedient., ; ^ An rinprecedented'spectaple is thus presented to theVorld, of a Government, not pnly virtuaUy without any debts, and withoutj any direct taxation, but with about brie-fburth ofits whole annual expenses defrayed fro msales of its Own uriincumbered and imniense tracts of public lands, and no resort to even indirect tatxation necessary, except for the other three-fourths; and the proceeds of that indirect taxation, though largely and frequently reduced, yet accumulating so fast as to require further legislatiori to dispose of or invest a cpnsiderable surplus on hand. Whether this state of enviable prosperity be justly attributable to the form'of our governraent—tp the administration of itr^tp the character of our people—the physical advan-' tage^.of our couritry—or to aU combined, it is a subject bf strorig congratulation, and exhibits^ a very reriiiirkable phenomenon iri' the history of taxatiori and finance. • Without dwelling on these primary causes of our forturiatp conditiori, -or discussing any secondary one's, such as the great deniand and reward in this country for either labor or capital, the more appropriate inquiry, uridpr these novel circurristances, and on ari pccasioa like the;present, seenis to be to discover the most judicidus course to pursue in usitig this surplus, and in preventing or regulating its future accumulation. The balance now on hand^ or anticipated, does nbt differ so much in amount from tha;tat several prior periods,' as to /requirp any extraordinary steps, if the same avaUable mode existed of employing it legally arid beneficially vvithout new legis]ajtion.^ There were three former years in our' history, viz: 1815, '16,"and '17, \yhenou.r balances on handy on the 1st of January each year, werp respectively pver 13, 22, and 14 millions pf dollars, and in^833, over 11 mUlions. But these balances were either unavaUable for a time, or, wheneyer productive, vvere soon able to be applied in the di^~ charge of the pubhc debt, and thus tp prevent longer arid larger accumulate tionSjand to save iriterest. Inthat way, being reduced frorri time to tiniei^ they dt no Other period have ever exceeded ten miUions, though on foi|jr\^ other occasions they have accumlilated beyond nine mUlions. But, happily for the country, it is no longer compelled ta part with its resources to di§i-^ cbarge heavy burdens imppsed im farmer times ; and, in the present pi%^.' perous state of pur finances, it j s respectfully submitted, that, in order ipi : reduce the present surplus^ there might be first, arid judiciously, authoriz^il^ ;• for purposes riot enumerated jh iany of the estimates,, pther beneficial e£: penditures for objects clearly lawful and useful. Not considering it Xl^/ ' 6M REPORTSOF THE [1835. province of this department,.in,,an annual report, to enter into minute details in relatiori to the selection of those objects, the undersigned would merely advert to a few prominent ones, about which no constiturional. diffir culties interpose; such as the erection of suitcible and;necessary'buildings. for the use of the General Governmerit, whether in this city or the difierent. States, arid the earlier comn^enceraent pf iniportantwprks contemplcried,.aiid the more rapid corapletion of others; already begun, ;which are essentially connected, with the-coran^ierce, the navy,^ pr the ^frontier defences of the conntry. . • ; , . • ' ; . . • . •" . ~ . ' . , • ' • , ; - ;'.' ; .. . " /• .— Since the general estimates were closed^ but appended to them in a note, ;. various additional improveraents atthe navy j^ards alone,.requiring the ap.;,; propriation. of three and ,a half* raillions, have been specified and submitted . . by the Navy Departmerit, and which, in its opinion, could be now usefully undertaken: If so riiany works of these^descriptions should,now.be authpr- ; ized.:pr hastened by Con^gress,.as were unquestionable in their uiility a n d / character, and-were likely to be sufficient to absorb the present aiid anticipated surplus of reyenue in the Treasury frpm ordinary sources, it is hoped that, ere long,'additional, receipts from our stoc kin the Bank of the United / States would probably be more/than s.ufficient to insure their completion; '.'. But if the surplus from all soprces , should hereafter, frbm any pause, ap- ^ . pear likely to become, earlier exhausted,, spme of those \yorks cbuld ;besusr — pended, or again, as heretofore, vbe less^.rapidly hastened. If it he;not deeraed-expedient, in this or anypther.manner, now to apprppriate aU the •! present surphis, this deparfraent thinks, that.lhe most eligible cpurse:concerning any probable residue, after deducting;aU outstandirig appropria- tions which rriay be niade, and, enough to render* pur fiscal system efficient,',. easy, and prompt, would be, that Congress retaiii'^ such, residue under its control, and provide fbr its. investment lor a short period as a.provident fund, tobe ready to riieet any contingencies attending the.great reduction. .contemplated, in our ;revenue hereafter; or, in the mean time, to,strengtheri, „ our financial position under the additional burden pf any large claims now .. pending, which Congress may dee^ni it: just to: allow, or at ariy futu're nio- ^ ment to aid, under those inevitable-and great fluctuafibnsin revenue and expenditure frorii which no country is exempt, and whicUrio human sagacity can wholly prevent. ^ For all such occurrences it is often .ecoriomical, and, especially in. our present prosperous condition, with surplus raoney on: hand, it is consistent with a wise.foresight and sound pohtical prudence, io be previously and well guarded. Whatever deraands on such a fund may; ..occur before 1842, it is certain, under our existing laws, as before explained,. %hat the revenue; frpm custoras. must then, within a few months, be reduced jv iri the large sum oT nearly six mUlions^.of dollars. \ It is further probable . v Ihat our .'whole revenue from custoras will, by, the close of that year, have fallen to only nine millipns; and from landsj (for public uses,) have risen . 'tiotlQ.much above four mUUons of dollars ; both niaking but .thirteen miljlions. of doUars, instead: of their present anriual amount of over twenty.. /For that great, and: sudden change, i t is yery desirable that the country ; •'shp;U|d then be prepared by^a diminished expenditure, and.a proper surplus : ^11 Mari-d, to.meet .any probable deficiency, so as. npt: to require new. or in-.. . ibraased taxation to; defray^ the expenses then, necessary^ / It may rea.sonably;. be axpected tiiat the;revofationary pension, list wilf by;i.that/time have. :, chiefly disappeared • the Indian titlefs have beeii riipstly:extinguished ;/our-. Becess,a.ry..a(n4 convenient public, buildings throughout fthe ^cpuntry mostly ^ 1835.] SECRETARY OF T H E TREASURY. 645 fiirished; and our fortifications and riavy, if the appropriations in the mean tirae be liberal, wUl have; been placed in a propei attitude ,to meet ariy .hostile.aggressions, without the continuance of extraordinary appropriations. Bylhis;system, evincing a just arid flir sighted UberaUty in, grants to objects clearly national; and riecessary, a;nd pursuing a course of rigid econoniy and due retrenchment, w h e re, the great interests of the Unioii wiir permit, oiir expenses, though they inust: from our rapidlyexteriding . popularion, business, and, frontie'r, iricrease, in some particulars, in nearly a cori*espbnding ratio, and may not, as;a whole,'becoine reduced exactly to the ariiount of revenue received; ;yet they; wUl, if rib.unforeseeri calcimities occur, so neaiiy approach it,:that a surplus ofa few millions, duly invested and retained, vyouiddoubiless obviate the .necessity of .a resort then, or soon after, to more taxes. ; \ , f ' ; ' _ The'investmerit of this, orrariy Pther surplus not soon wa;nted;'cbuld be effected, till vyantedfin any inode, raost agreeable.to Gongress, in whpm the vyhole power on this subject resides^ arid withput whose express authority 'ri.Qthirig-can be taken froin the Treasury for any purpose whatever. But, : as it may not beUeeraed. necessary or expedient soon to resort to any such ../investment, an explanatibri at this time of the different^ modes in which it might be accomplished; with, the opinion of the^departmerit on their peculiar^ merits and, demerits, would, perhaps beconsidered useless; and, consequently, only two gerieral; principles wiU now be proposed,which are respectfully suirgested as proper tp^ have'a niaterial bearing on the whole subject. First, that whatever mode may be:adppted, it should cpriform to 'the spirit of the act of March, 1817, ,whi6h has been in successful operation ever sirice the surpluses :became likely fo be large arid frequent,, and. which required,' before the investment of them in .purchase:or extinguishment of . the public.'debt, thc^it enough should be leftin the.Treasury to meet all outs.tanding appropriations, and 'two millions more- to secure sfacility and promptitude iri its various arid distant operations;; and, secondly,'that, •following the analogy of'the above act, which separated' the, investmeiit of ariy surplus for pecuniary-profit entirely from-the nianageri:ierit ofthe public deposites and the duties of deposite bariks, it should leave the bank agentsof-the Treaslriy,'^ as they and'^ai] its other fiscal agents, from the foundatioii o.f the Goverhment, have been^ left, VhoUy.disconnected, so far as practicable, in regard to'their agencies, with the darigerous relation of borrowers from the Treasury for reloaning and for pri vate gain. Should either of the above' courses ' not; be deemed advisable, so far as to exhaust all 'the.surplus pn hand, tjie residue,, if not lai'ge, could be gradually disposed of by maldng a;further reduction, whenever just and safe, in the revenue , hereafter accruing .from customs. . " ' . ^, ;^ To obtdn. the balance estimated, to exist in; the Treasury at the end of ^ 1836, the sura of fifteen miUions is coraputed to be received from that source, and chiefly to accrue in the ensuing year; /and'if a pa;rt of itshould 'be considered ript desirablp ior any purposes whatever, it could be, much, and perhaps usefully, lessened by an early diminution of thcexisting duties on certaiii articles npt supposed to be vitally connected with our doraestic /manufactures. The most prominent of these articles are wines, arid silks from beyond .the Cape of Good Hope. They both yield, in duties, over half a raUlion per annum; or, in 1834,>viiies over^ ^445,000, arid India •silks over $171,000; all of Avhich might well be rep;eaied, unless Gongress should consider the former a judicious tax bh a luxury, and the latter as an 646 REPORTS O F ' T H E [1835. encouragement to the doriiestic product of.silk, which is beconiing widely and successfully established, and w^hich, if deeraed a proper object of in, cidental protection by legislatiori, (contrary to the views lately entertained by Congress,) would require a restoration of the duty on. European silks,^ , now. entirely free. Other articles could be selected; on which the present duties could be reduced and repealed, at least to the exterit of |400,000 ^annually, without injuring, it is expected, any doraestic manufactures or .^agricultural branch of industry, or impairing the spirit and good faith of ! the compromise intended by the .act of ^Congress of March 3, 1833, and which the uridersigned would most scrupulously preserve unyiplated. On this subject, a detailed report will soon be presented to the Senate, in con,fQrraity to-a resolution of that body, passed at tlfe last sessipn. It is his . deliberate opinipn, that such pf those reductions as are deenied perraissible under the above limitatioris should npw be made;' ,arid the balance remaining, if too great for common fiscal purposes, be temporarily and profitably invested, rather than .a large surplus, should contiriue to be collected for the express end of being in any way finally disposed of, otherwise than;by appropiiations to useful and constitutional objects. ^ The people themselves, itis belieyed, can best manage all their own moriey . which they arid their representatiyes think may not be wanted for public purpbses; and it would seern to be far preferable toMeave it oiiginaUyin their posse^siPn, than to withdraw it for trie expensive ;Operation of-returning it substantially tp the place whence it came, and that probably in a manner not cpriformable to the consritution, til.j after lhe ^delay of procuring an amendraent to it; and even then not expedient, because calculated injudiciously to .strengthen the General Qovernraent, and to render the States more dependant on a^ great cen tral ppwer for yearly and impprtant resources. Indeed, a reduction.in,' the price of public lands, whose unusually large sales the past year are the source pf, niost of the present surplus, would, if their sales should not thereby be much increased, seem another mode far more natural fo obviate the present difficulty. But,, before adopting it, this and various other con si der ations., raustv.be weighed^ arid, it raust be fully considered whether'air the. revenue-anticipated from, theni at their present prices would not be'necessary: after the great reductions in the tariff-in 1842, arid-wheth^er a resort to a higherlariff would not then becorae indispensable, if .the average receipts froiri' lands or custbms should, from' any new legislation, become then much diminished- below the estimates vvhich have been submitted on the preserit occasion:,. , ^' ^' - ' ' VI. DEPOSITE.BANKS AND THE CURRENCY.. ^ This department ta;kes pleasure in stating that the^ pubhc: money cbntinues to be collected and deposited, under the present system, of selected banks, vyith greatease and economy in aU cases, arid with greater in some than at ariy fornier period.' T h e transfers ofit to every quarter of the cou n. try where itis needed for disbursement, have never been effected, vyith more , , promptitude, and have been madeventirely free of experise to the Treasury. The payments to creditors, officers, and pensioners, have been^ punctual and convenient; 'and:the_whole fiscal operations-through lhe State banks have, as yet, proved highly sa.tisfactory.'~ Incidental;to; this, the facilities that have been furriislied to the comnierciar community in domestic •exchanges were probably never greater,.or at so mcderate rates. In-the 1835] SECRETARY O P T H E TREASURY. ' 647 course of this year, additional depositories have been sekcted in four States, where no nevv ones before existed, and all the^branches of the United States Bank, for some months, have been discontinued for ordinary fiscal purjioses. They are, however, still used, as claimed by the bank, under acts of Congress^ for the payment of the outstandirig portiohsbf the funded debt, and of invalid and other perisions, prior to'1832, except where the department lias been notified that-the branches were withdrawn, as iri New'Hampshire, Oonnecticut, Kentucky, Ohio, Missouri, Western Pennsylvania, Maryland, South Carolina,-'and the, interior of Nevv York. The vy hole number of selected banks, withdut including brariches, is now thirty-four, being, notwithstanding the addition of four new pries, less by six than last year. .This'diminution has been effected by the discontinuance.of various old, and, lo the Treasury, unimportant institutions, eraployed before; 1833,'iri ; connexion with the United States Bank, arid by adding no new ones, except where the > pubhc iriterests seemed to render it imperative or expedient. ' >A great, though not the chief,-cause of some loss, which.formerly happened in the deposites in State banks, is believed to have been the riiultiplication of them to something over one hundred in number. The system is now arranged so as probably to require hereafter few changes, excepting two pr thi'ee instances, concerning vvhich a corresporidence isnow pending, .unless, as is not anticipated, siich ^onerous conditions should .be exacted by Con'^ress, of the present safe and. efficient depositories, as to derange the system, . induce sorne of them to withdraw, and compel the department .to intrust the public funds: to other agents,; less cautious, skUful,.and; trustworthy. Great care has'.been exercised in preparing;: frPrii the k'st returns made to this department, and from data since obtained by an extensive correspondence, tabular statements, vvhich shoWj'in the most essential particulars, as near/the Ist ofJanuary, 1835, arid as fully as. could be obtained, the names and condition of each of-the State banks in the Union, of eacri of the selected banks, pf the United States Bank, and of la.lt combined. They exhibitj further, the capital and situation of all the banks in each ofthe • iarge cities in, the United States; as vvell as ,of all in'each State,,arranged together for GPnveriierice of^ reference, a n d t h e changes vvhich have since happened in the condition of'the deposite^and United States banks. So far as regards the capital, discounts, &c,. of all the State banks, only the,general exhibit of,the aggregate results in each State is now communicated ; but, iri a few days, all the v^oluniinous details'on those; points will be submitted to the House bf Representatives, in compliance with its resolution ofthe 10th of July,: 1832. (Et 1 to 3.) , - .; , . ;, ' ': It wUl be seeri that the situation ofthe selected banks, as a whole, bears an.enviable comparison with the rest : " .: ; ' In aU cases deemed proper, they have given collateral security, and are ' all belie.ved tp be entirely sa;fe; to the extent^they have been confided in. Their idiscounts-have been," in gerieral,/Somewhat incireased,. buj; though tempted-by the enterprising spirit of the. times, not us.ually increased in a degree disproportioned to all their imrnediate available means. They have 'also, in some cases,-been'able to aid, a;nd have liberally aided, bther banking institutions in their jieighborhpod, by as large and long; balances and other indulgences as vvould generally appear to have been sanctioned by correct principles. The;names of bach,With the amount of money in each belonging to the Treasury,/and subject;to draft, not only at the commencement c)f the preserit year, but; a t the very last returns^ recei ved, can be seen in 648 REPORTS OF T H E [1835^. three of the columris of the statement H. INos. 2 and 3.. ,The distribu-. tion of these suras is generally that which has been giv^en to them by . circumstances connected with their collection arid disbursement. Ko occasion has arisen, in whiph the department felt justified in making tranfers ofthe public money, except from ppints where itjiad accuruuIated, iri.the natural course of collection, much beyond thepresent and early anticipated wants bf the Gov:ernnieht in that rieigliborhopd, or in suras not^proportioned to the responsibility of the public depositories there, arid tp points where it either,Wpuld be better secured, or -probably vvould sobn be needed for disbursement,, or,could, from the course of trade and exchange,;be raore ^readily applied to"any new objects which Congress vvould he^likely soon to sanction: These transfers, when rendered .necessary, haye beeri perforraed in such direotions, and so.graduaUy, thatjt is believed they hav^e tended to 'obviate rather than create any.pressure in the money market, apdlo aid materiaUy the course of busihess in exchanges and the other comrnereiar ^operations of the country. .. '^ ^.^ The departraent is aware that, in thepresent overflowing conditiori. pfthe Ti'easury, the regulation of these operations, with the selection and superintendence ofthe deposite banks;is a task of no sraall difiiculty and dehcacy; and, vyhen governed by a strict andnniforra adherence to sound principles, as has been attempted, iriust necessarUy lead to many disappointed applications. Biit, in, the abserice of that specific legislation, on the subject, .which has been, and stiU is, earnestly requested, the dppartraerit, jias riot hesitated (it/is hoped faithlully) to discharge, cind frankly to explain^ the duties, and the high and paiiiful respdrisibUity which so much discretionary power has imposed. > , . :' ' ; '. For various reasons of public, importance, it w;as, deemed desirable, and measures have beeii adopted, and recornraendatioris urged, that the specie , in the vaults, of a nuraber .ofthe selected banks'should be still, more increased in coraparison with their is.sues and deposites, and tha,t a still larger portipn of thevvhble curren.cy of the country, especi^ally for sraall purposes, should be nietaUic. In iraproveraent of the curren.cy during the past year, riiany of the -selected banks- have riot only continued to obtain and pay, when' warited lo the public creditors, American gold, luithav^e entered into .salutary arrangements forthe redemption, in, our large cities, of,.most of their bills, which, may be received in paynient\of the public dues, It is hoped that, in the progress of time, these beneficial arrangements may be further .extended tp most, if not all, ;of the bUlsin circulation, pfthe large institutions; and fheintroduction of hard raoney, for the ordinary uses of life, be facUitated, by all the banks ceasing to:circulate bills of sraalf denominations. It is; gratifying to fipd, that since the adjourn ment of Coiigress, in addition,to .the,States"of.Pennsylvania,.Maryland, Yirginia, Georgia, Terihessee, Louisiana, North Carolina, Indiana, ,and Kentucky,, which, before that time, are believed riot to have allovyed the. cri'culation of bills under.five dollars ; bthers, viz:- Maine, Cpnnecticut,.Nevv York, New .lersey, and Alabania, have united in similar legislative'nleasures; except Connecticut has, as yet,' extended the prohibition.to:only.o,ne and two dollar •bills. . • '\ . / ' : ; • ' ' / ; • ' fi\' fi/fi-'' .•<, - • -^ '[ .• ••'., / '.• '•.'''-•i ; In Mississippi, and lUiriois,it is understood that bills Imder. five dollars have not recently been issued, arid, Missouri has no, bank.issuing bills of any denominatibn ; so that more: Ihan tvyp thirds pf^ the ^States have already usages or lavv^s in. existence on this subject, of a highlysalutary 1835.] SECRETARY OF T H E TREASURYo 649 tendency:. The g r ^ t benefits vvhich have already resulted to the general condition of the 'ci;irrency where such riieasures have- been tested, besides riumerous bthers.to the security of the bariks themselves, arid to.the less moneyed classes of society, detailed in the supplement l o the last annual report from this depaitment, would seem to be a sufficient inducement for siriiilar legislatiori on this important sabject in all the States. In some of them, where lib' laws'hav^e yet been passed to suppress the circulatiori of small; notes, their deposite banks have voluntarily en tered in to arrarigements not to issue certain descriptions of them; and most ofthe deposi te'banks have, in a correspondence -with the-department, evinced a vyillingness to cooperate in the suppression of sriiall notes, Whenever the regulation can be. made general. The-Treasury.,so far as seerried practicable;and'judicious .with, its preserit powers, has endeavored to promote so desirable an end, not only by instituting the inquiriesriri that correspondencej but by instructions ' to its collecting Pfficers riot to receive in payment apy bills under-five dollars after the 30th of Se'ptember, 1835, (I.) It proposes to go further,on this point the ensuing .year., so ^as to' pi'ev^e;nt:the receipt for'public dues pf all bink riptes urider ten dollars,'unless .Congress in the mean time shall ; adopt spme new 'provisions' on this subject," similar, it is hoped, to what previoiisly have-been, and stilf are; urged by this departriient,'not oiily "as to the deposite banks, arid the kind of bills received for the revenue, but as to -the-suppression entirely;in th,e .District ot Columbia of the.circulatioa of any bank notes, urider ten dolla fs in amount. The means for a sound currency in this country are: at ^present ample.' Within the last two years^ . or from October Isf, 1833, toNovember lst,'1835,in additionio the forraer stock of specie,:there; has been imported irito the United States, beyond the exports from itf vyith a due allowance for vvhat does not appear on the custbmiiouse books, raore than tvverity-seveririiUUoris; and the produceof bur own miries within tliat period is estimated to have been over three millioris:^ Herice, the whole amount of specie now in the couritrf probably-exceeds the sum of sixty four mUHoris; and the means of the community to obtain more' from abroad, t c nieetany.contemplated; chariges in the character of our cri rrency, vyere/ne ver ^greater. ^ The actuahiraount of. specie returned, and • estimated as belringing tP. all the bariks in the United States, about the 1st of Jan uary, .1835, was' near forty four millions.. As a pprtion of that may have been buUion, a sum quite equalling, if not:exceeding, the remainder of twenty millions,, probably consists of-the amount of specie in actiye circulation, vvhich has been somewhat increased throughout the country duririg the last tw^o years ;• so that, if the remaining small bills in circulatiori under five doUars in the vyhole Union, vvhiph are'chiefly in; seven States, arid r which probably ^ do not exceed six or seven: millions, vvere withdrawn, it , wpuld not require, to supply their places, orie third of the addition which "•^ has been made in the last two, years to the national stock bf the precious' 'metals.; The spe.cie^on hand, in banks, vvUl in this way, as it ought, soon bear a largepropbrtiori.to their notes in circulation, and the security and real usefulness of all banking institutioris to the community be thus greatly augmented.^ The. specie in active circuiatiori, thus'increased.by excluding ,, smaU^i:^bteS'.vviU constitute, whUe retained in the country, a great and safe relilince for the banks tb deperid on, (besides what belongs to them in their vaults.) vVhenever an unfiivorable course:of exchange abroad, or a panic at home, shbuId cause'an unusual demand for specie to ^be shipped abroad, to meet a blilance bf trade against us, or to be used in circulation at home, by 650 REPORTS OF T H E [1835. those whose confidence, froni real or imaginary causls, may fora time become diminished inihe security of banks. When the further suppression , of smalinotes, extending to aU under ten dollars in amount, shall bedeemed advisable by Congress and the States, no doubt is entertained that sufficient ^ specie can and vviU be readUy found to supply their place,.in connexion ,with:what now exists in; the country. : The proportion,of specie to bank notes iri circulation nvill not then be so great as it is in.all tbemost coraraer• cial riations in Europe. (See Table of Circulation, in Sup". Rept. 1834. p. ,616.) Hpw ranch farther it may be deemed feasible to^go, with a.fair prospect of advantage to the coraraunity and our currency, pan be better settied at tiiat tirae than at the present ' ' i . / .' ^ Under its nevy valuation, the-coinage of gold af the mint, from the, 1st of August, 1834, to the 1st of November, 1835, has beeri |5,471,505, or over treble the amouot supposed to have been coined in any previous period of similar lerigth. The ratio has been somewhat iessened the last six'months, by severa;l causes; of which an impoftantonehasrieen, the desire to provide more quarter eagles, and a/ull supply pf silver change to meet the increasing demand in severa;i States, frpm the withdrawal of sraall notes from circula- v tion. The coinage of silver haS' beep exteiidedj in the first eight moriths of ,this year, to over eight and a third millioris of pieces, which is believed to be much beyond the number in the same portion of any .precedirig year. The building pf the three branch mints, and.the procuring of their appropriate machinery, authorized';by the iact of the 3d of March last, vv^as devolved by the President nf the United States, on this department, and has been prosecuted vvith all practicable despatch. ' , ' , . ^ The estiraates. and viPws of the director on that'subject, as vveU as^on pther improvements connected with this iraportant and increasing estab.dishraent, .will, with ris vvhole' operations the currentjyear, and the details .ontthe progrpss raade in the nevy^buildings and, machinery, be seasonably presented iri a separate communicarion-; and this departraent does not, on this occasion, deeiii it necessary to invite special aftentioir to any thing fur- . .ther connected with either the mmt or cur coinage, except the several recomriiendations relating to them, which were contained in its last annual •report,,/ ' , ;\ . ; : • . , . • ^ • •• •.''. ••••,".,• :.^ ^ -The same, reasons then assigned; for clpsing,'; by a special act-of Congress, the concerris of the sinkirig fund, and of the corinexion of ^the Governmerit, after the 3d of March next, with the United States Bank; on the subject of both the national debt and of pensioris allowed previous ^ to 1832, apply now with increased force. It is considered that nothing jieed be added'to the suggestions then made on these ppirits,,or on, the subject of. the seizure of the dividends due the United States by the bank for ^ its claim for dama<jes on. what is called the bill of exchange on the Gov- .^ .^ernmpnt of France.s . , . > '; , ,. -^ • : / ^ ' As Congress,has never yetgiyen its^sanction to that claim, or ;riiade. any | appropriation, for ijs payniept, it is yery desirable that, in its finalproceedings concerning tha affairs .ofthe Governriientwith the bankj spme special direC:tipn should be included bp that subject,.as well as on.the reports to be required, and agency exercised oyer the interests of. the United States in ihe ^ bank thp ensuing two years, by any public officer: ,; A directipn seems-,proper also, as in 1812, concerning the receiptpf the biUs.,of the.bank for public dues,"aftpr .the 3d of March next; and on the disposition or iuvestineiit of the iriterest of ^the United States in its capital stock, whenever paid; " over to the Treasury. Some explicit action of Congress on the subject of 1835.] SECRETARY OF T H E TREASURY. 651 the above claim fpr damages is very desirable in another view, > so as to enable .this'department, in case of the receipt of ariy part, of the French inderanity, to decide correctiy whether the.divide'nds seized by the bank should,in any event, be considered the loss of the United States; or should be deducted frpm the apiourit received for the claimants under the treaty, in whose behalf the business vvas transacting In which the demand for damages origriiated, and to vyhpse credit the preserit act of Congress requires shall be paid into the Treasury only 'HheVnett proceeds" ofeach iristalment. . .' ' VII. MisCELLANEOUS/SUBJECTS.- . , In'the course of the past year, the department has, at various ports, discontinued, as nPt riecessary, fourteeri custom-house officers;..-and at others, reduced the compensation of a few. This has enabled it to augment the number and.'compensatiori at^sorae rother points; where the increase of business appeared to demand it, though riot, in all places, to the extent, desired.. From the diminished temptatibn to smuggling under our reduced tariff, this department has felt justified in lessening the number of revenue cutters two, or one-tenth of the vvhole; the number of boats three; and the^ number pf'officers arid men over fifty; making hereafter an annual saving in these respects of about $20,000. After full inquiry, all has been effected on this subject vvhich the public hi terests appear now to justify; tlie expenses of collectiori in this and other particulars should be considered in reference to the ^ro55,,and not, as is sometiraes inadvertently dbne, the nett revenue: the forraer being the araourit which. the .custora-house establishment must actually assess; and the difference betvyeeri them being.in part paid out for other objects than the'mere^expenses of collectipn—such as bqunties on the fisheries, .and refunding of duties. - In deciding on the reasonableness of those expenses, it must be manifest that-a certain, nuinber of officers, cutters, boats, (fcc, equal to the'coUection of a large sum,, cannot be dispensed with at mapy places, if any revenue, however sniall, is to be eoliected; .else there would be no adequate,security against illicit trade, and no riieans, of furnishing prpper,eptries, clearance's, and other papers;:to those erigaged in navigatipn, though their trade may be ahnpst exclusively in thepresent large amount of free goods. ;pr in our widely extended ^coasting busine'ss. ',. ' '. ^ > ' „ .' \. ' In coniputing the rate:per cent., for ,cpllect,ing the revenue, it must also be ..remembered that the rate; is larger as thearaount collected diminishes, and smaller as it. increases, though the whole actual ex.pense of colleption per aririuin remains the same. , Fiirtherraore, the hecessary co.st of coUect- ihg thirty millioris of dollars at the same ports obviously need be but littie more than tp collect half that,sum, though the^ per centage, in one case, will be double what it is in the othei;.; This department, since the, reduc"^tion of ihe whole duties to be collected in 1833, and the corresponding decrease in the inducements .to,smuggle, hasendeavored to reduce ihe whple actual expenses, arid has, in. some degree, been successful; though the (Whble cost of collection maystilf constitute a larger per centage than at some former periods, a.s the whole ampunt of reveriue is, so much lessened. : Thus, from 1790 to 1794j that; cost, though small in itself, rose, in .soriie of those years, to;niore than 5^ per. cent, ori a small revenue, or to abpiit the same; as-in 1833 and '3.4, arid vvhich is quite two per cerit lower than the average in England,- and: four per cerit.-lovver than in France. But. in 652 REPORTS OF T H E [183.5. most interraediate years, for reasons before stated, and others too obvioiis for recital, thecost of collecting our revenue frpm customs, aswell as landsy has seldom exceeded; 3-^ per cent.; arid from thelatter is now probably not half that rateV Besides the explanations already given Pn ihis subjecr.it is hoped that the new expenses will ere long-cease, which have recently been imposed on the coUection ofthe reveriue, by the necessary preparations for niaking, and the actual inanirfitcture, of useful and iraportant standard weights and, measures, and-unifprm sets thereof, for allthe custom-lio uses in the-United States.-^: ' ^ ; . Iri additipn to the.reconimendatiorisirrthe last'arinual report as to lighthouses, it inay be observed, that this departrrierit, during ihe recess of Congress, deeraed it ,proper tPcaiise a thorough ;iriquiry to tie instituted into the vvhole subject. /Theinquiry extended to the propriety of discontinuing any of the" present light-houses, or .of buildino others;. the. expediency of changing the height or, niaterial of any of these edifices;, the best manrier of lighting theni. in respect;to the kind br number of laraps.pr reflectorsthe various substancps used, arid raost suitttble to, give the best light Vit thp sriiaUe;st expense;, and, in fine, the.economy of majiaging the whole cstab.lishment With this was coriibined.a systera,pf uniform instructions to; ,'the light-house keepers, for-the discharge of tiieir^pubhc duties. The reportof the Fifth Auditor, and ihe^ corresporidence growing out of; this inquiry,:develop some interesting .facts; arid the vvhole proceedings will,; with pleasure,.be laid before Corigress at some other appropriate opporturiity. The repbrt of tlie^ Commissioner of the General Land.Office is accompanied by so ;many long'and importaht dbcuraents,.that it is herev/ith sub-' mitted in a separate communicatiori. Besides the remarks riiade a year since by this department on the rapid increase of duties in that bnreau,-arid,the ^corresponding'necessity .for "an increase of clerks to disposp^of i t promptly; arid correctly, the experience of the. present year has, by the v'as>t sales of lands vvhich have occurred, added- new force io all that Was ihen urged. Taking either the number of. acres:sold, or the .amount of nipney received, \as a guide, it will be seen bythe table (F) that the busiriess has more than doubled withiri the past five years. . ; . . ' , ' > ' . . ' . , ' -rhe reGommendations contained .in the Coramissioner's report wUl, it is hoped, receive that 'early and grave attention which.the;convenieiice-and interest of the Whole country, and especially the southwest and west, seem iriipfertousiy to requi rei; As a subject of retrenchment, connected with this bureau, 'where the character of the bus:iness 'will perpiit, it is''Siig2:ested 'to Congress whether it niight not be advisable to discoritiriue the offices in "a few districts, arid annex theni to the'adjoin ing pnes, on the ground ihat the public sales recently made at them, or anticipated hereafter, are not sufficient to justify the expense of cbn tin uirig thern as distinct offices'.' • Several other subjects, suggested for consideration to the last Corigress,^ and not finally acted-upon, are again respectfully urged ori its attention, .without going in to a. r e petition of ^,the views then submitted; in relatipn to ^them. • . ••; ': ^ «• - • ^ \ - •. ' ' ^^ :. ,• 'v • _ - : . • • .. -'•/-" Among the principal were,4he change in the.commencement ofthe fiscal year; a reorganization of the Treasury Departrnerit, especially to increase sopie ofits. checks; further controLover some ofits discretibnary ppwers, by ' more specific, regulations as to the deppsite bank^, and the keeping and disbursing of the pubhc inbiiey; the revision of the laws as to the niarine hospital fund; rebuildirig/the Treasury offices; legislatipn on tiie provi 1835.] SECRETARY O F T H E TREASURY. 653 sees in the act of July 14, 1832, and other poinls, to enforce the spirit of the present tarifi'; and making new, provisions pn the^number and compensation of custom-house officers. Inthe report and bill connected With this last inatter were mcluded seyeral suggesrioris for further changes in the present systeni for collecting our reveriue froni customs, to .vyhich, pn some future occasion, vvill be subjoiried such as have since dccrirred from additional experience alid inquirieSi ,/ / / Yeirious other subjects,;specially devol yed .ori the head of this depart-, ment, have received the;attention and laborWhich they appeared tp deserve; but, from the length to which this report has already-extended, the pro-, ceedings in relation to them vvUi,'at an early day, be separately communicated, to Cbri gress.; ., s ... ' ^ (' ' ' •. =; All whichis respectfully subniitted. ' - . : LEVI WOODBURY, ' ; ;~ ' ; fiSecrttary ofi the Treasury. TREASURY DEPARTMENT, i • ' ;' "• Decembe7/8^\83o... -^ '•, ••' ,. .' Schedule ofi documents acconipanying the anmial report ofi the Secretary "; ^ of the Treasury. V < ^ A. A general statement o t the estimates.:appropriations, receipts, and experiditures, with the iniports and exports, in the years 1833,1834, and 1835. . . . . . . ^ . - ; , ; . ^ ./._-•; . :-;•/ •.• ,• B. All exhibit of the iraports payind"' duties, and of the experts, with dravv: back, in 1832, 1833, 1834, and 1835: C. Amount of imports and corisu'mpriori of foreign merchandise^ iri each ' year, from 1790 to 1835. . V ' .; ' ' ' D., Arriouiit of exports, and those of domestic products, in each year, from 1790to^l835. .'' .fir ; . ;: •••' -'/- ; : • ' ^ ' ^ . .'^ . f E. A table of exports of cotton, with their value at four differerit and distinct periods of three: years each, with notes. : ;v; F . ' A s.tatement of the '^ales ofiand, and receipts therefrom, iri each year; since 1789, with the donations of land,during the same period. . G. Cbrrespondeiice as to the diyision of the- capital stock of the Bank ;of /the-United States. \ ., <" ,; . H !• to 3.'Tables showing the condition^ of all the banks in.each State, of •» thedeposite banks, arid of the United-States Barik, about the^ 1st of J.anuary, .1835,.(fcc.'-: '. " ' •' V,,' ..: :' ' /fi I. "Circular, restraining'the receipt df sniaU bills for public d u e s . . . . "• •'' 654 REPORTS OF T H E [1835;- SJTATEME.NT of the, estimates ofi expenditures and revenue, as exhibited in the reports ofi the Secretary, ofi the Treasury ; also, the actual apprppriations and expenditiires.^with the imports and exports fior the yearsl833, 1824,'and I836fi ' / ; • • • ' , • ' ' ^ •' . 1833. ' Whole estimates forexpenditiires, . ^Whole estimates for contingent ex.penditure Whole appropriations ; - ' Whole actuai expenditures - • - ; 1834. , 32,6957782 65 24.;257,298 49' '2;4,.601,982.44 24,000,000 00 33,948,426 25 Expbrts: Domestic ' - ' ; ' .Foreign , - - 70^,317,698 00' 8r,024,162 00 19,822,735 0,0 - 23,312,811 00 : -/ , t ^ - 2,500,000,00 ^17,720,908 57 18,176,141 07 .20,9687992 49 -. ,. •(, Imports . ;S17,i83,541^52 S25,295,237 17 $23,501,994 85 Whole estimates for revenue -. " Whole actual revenue , ' : • > 1835. 18,500,000.00 - 20',000,000 00 21,791,935 55 ' 28,230,881 07 98,531-026 00 20,424,213 00 . ., . • • . .. Total, 90,140,433 00, 104,3.36,9,73 00. ^-' ' -. 108,118,311 00 -126 ,'521,332 00 ' • -. . . . • -• • . ^ • 118^,955,239 CO • 151,030,368 00 . ' ^ Estimates for—, , ' • •• . '' Civil, miscelianeous, and foreign '2,800,897 'intercourse - - ;•; - 3,739,361 70 • M'ilitar}^ - - ' ,-.• ' •- • - , 10;878,790 09 11,654,942 4,051,073 Naval' r 3,377,429 38 ; Public debt • .- ..., -s. - 7,299,656.00^ , ; 4,995,082 ' - Contingent expeiiditures - ' , • " ' _ 33 25 19 08 • ; , : - 2,788,22^85.9,672,654 .50 .4,672,661 17 '50,000 00 2,500,000-00 25,295,237 17; .23,501,994 85. .19,683,541 53 " : : " . , ' : • , . • ' : : ^ : ; • / Appropriations for— ; • •• , Civil, miscellaneous, and foreigh iRiercoiirse -- • ' ,Militkry - / ' - • ' -. N a v a l -^ . -. -: .•Publicdebt ,• •. -' 5,796,723 13,031,187 3,867,872 -' • , 10,000',000 • • , r - . ' ,-, 57^ 07 01 00 "4,614,015 04 • '3,582,853 95 11,776,604.08, 9,139,820 49. 4,578,373 37 -•,: 4,998,234el3 ' . .• • •• -'•' .. • ' ' fi.'' '. • ' , . ' Expenditures for— ... Civil, iniscellaneous, and foreign intercourse - -> Military . - ' . - , Naval . - " ^ Public debt ' ' -. ' Estimates for revenue— ' From customs -Lands , Miscellaneous • ' -. -^ •• ,3?, 695,782 65,, ,20,968;992'49 17,720,908 57 ^ 5,716,245.93 4,404,728 95 13,096,152 43 ' 10,064,427 88 3,901,356 75 3,956,260 42 .1,543,543 38 6,176,565 19 '3,705,'^368'53 9,507,635'56 4,916,999 80 59,150 07 '24,257,298 49 24,601,982 44 18,189,153 96 21,Q00;000 00 \2,500,000 00 500,000 00 15,000,000 00 ^ 16,000,000 00 3,000,000 00 3,500,000 00 500,000 00 500,000 00 24,000,000 00 18,500,000 00 \ ^ } , 20,000,000 00 5.—7—- • •\ 183.5.] SECRETARY OF T H E TREASURY. 655 S T A T E M E N T A—eontiiiued. Actual, feceipts-T- , Fromcustoms Lands • ^-' ' , - S29,032,5O8 91 \^16,214,957 15 • SIO,088,881 00 11,000,000 00 "3,967,682 55 .: -4,857,600 69 750,000 00 • 948,234 79 719,377 71 • - . . . - ' ^' - - Miscellaneous ', - 21,791,935 5 5 . -. 28;430,881 00 33,948,•42a 25 • " ' . • • ' ' ' ^ '• 1835. 1834. 1833. - • ' NOTE.—The last quarter of inaports and exportSj and of receipts and expenditures for 1835, depends on estimates; and hence the whble amount df thfem for that }^ear may not be correct.'.. - • " • • " / ; • ' : • • " • • ' , • • • • ' - • / • ' ^ - • • ; • • • - ; ' ^ • ^ • S T A T E M E N T exhibitiiig th^ compared loith the value paying d/uty, - the value firee ofi duty, and also with the value exported ofi diltiable igoods, and the consumj)tion of dutiable articles, during the years ending' on the 30th September,1832, 1833,1834, and ;i835.^" ...' ^ / • .:: " '.' .: ./ Value of imports. , ' ^,/.- ," . Years. 1832 1833 1834 1835* Free of duty; ' . ^ ••••-..- '' Value of : Value of dutiable articles dutiable articles consumed, v. expoited. \' Total value. Paying duty.' .S101,029,286 '-'886,779,-813' V Sl4,-249,453' , 1^18,448', 857 108,118,311 : 32,447,950 . > 75;,'-670,361 68,393,180 ' 126,521,332 ' ; ' 58,128,152 73,587,132 15^,030,368 TREASURY-DEPARTMENT, ^ - ./ , 77,443,236 ^68,330,956 12,411,969 63,258;392. 10,879,'520 47,248,632 ' 7,390,465 , -66,196,667 ^'v- V Register's Office, December 4, 1835. T. L. SMITH, Register. * The ihip'orts and exports duringthe (juarler ending on.the SOth September are made up, iri pa,rt, on, estimates received from coUectors. . ' ' REPORTS OF THE • 656 ; :• •. C . , : • • : [1833 • I M P O R T S and consumption of .foreign •merchandise in the Uniied . , , , , - ' " . - Years. ,. , .- iStates. .' Whole iniports. ,Whole exports of foreign merchandise. Value in dollars.. Value indullavs. , ; • •• •' Actual con.sumption, in' eluding, free goods. - ' Value in dqllars. 1-790'. ' -' 23,000,000 23,500,000 •• / . • ;3oo,ooo 1791 ,29,„200,U00 50 ,000' -30,000,000 1792"" • ^ ' ' -^ " 31,500,000 • " ^ 1, OiiO, 000 ' ^ . 31,500,000 1793 ' . . .3i.,UK»,.00a 1,750,000 *, 30,800,000 34,600,000. •. .' 6,500,000 . 29,500,000 1794 ' : 69,756,268' 63,000,000 8,300,odo ..• • .1795 1796 . 81,436,16426,300,000 56,636,164 1797 . - 75,379,406 27,000,QOO, 50,379,406 • 1798 , 68,551,700' :. 33,000 ,'000 37,5.51,700 1799 79,069,148 45,523,000 35,546,148 ^ 1800 91,252,768 49,130,877 44,l21,b91 :. 1801,-' ' . : 111,3.63,511 - . 46,642,721 ,. / . , •66,7':^0,790 35,774,971 • , 1-802. . • 76,333,333 . .- 42,558,-362 - 18u3 ' •• l3;594,07-2' ' '(i^,G6{'/,mr' ' • • ^^'52,072,594 1804- -^. 85.j000:000 . 36,23i;5i!i7 , .-••: - ^ 50,768,403 1805 ' 120,600,000 ; . , .53,179,01969,420,981 ' ' 1806 • ^ ;• 129,410,000: .60,283,2:34 . ' • 71,126,766 1807.' .^ • 138,500,000 ' 59,643,558 •' 81,856,442 1808 , .,,56,990,000^ '12,997,414 -- 46,992,586 1809 .; ' 59,400,000 ' • . ' 20,797,531 41;602,469 1810 85,400,000 J 24,391,295 ' • . • 64,008,705 : . . '53^400,000. 16,022,790 \ 40,377,210 .. i8ir; ^ . 1812. :..• : • , . 77,030,000 ' .8,495,127 71,534,973 1813 - . 22,005-,00'0- - • • ' . • 2,847,8,45. ^ 23,157,155 1814 -' ' 12,965,000. 145,1:69- ., 15,819,831 ^ 1815 • V - 113,041,274 6,583,350/' . 109,457,924 1816 147,103,000. \ 17,138 ,.555. ; : .,132,964,445 1817 • 99,250,000 19,358,069 . 82,891,931 . 1818 '" - ^ 121,750,000 19 ,-.4-^6,696 105,323,304 1819 . : 87^125,000 19,1:65,683' '. 70,959,317 1820' / 74,450,000 . 1-8,008,029' :, ; 56,441,971 1821 ' •" .#2,-585;724 • ^ 21,302,488 . c 41,383,236 1822' . • - ''. 83,241,541 ' . ,22,286^202 " 60,95.^,339 1823' / - 77 ,'579,267 27,543,622 ^ ' 50,035,645 • .- 1824" / ' 80,549,007 25j337,L57. . 55,211,850 . ." 1.825 • : :96,340,075 33,590,643 ; 63,749,432 1826 , 84,974,477 24,539,612. > .60,434,865 1827 79,484,068 23,403,136 56,080,932 1828 . : ' 88,509,824 21,595,017 • 66,914,807 1829 • 74 ,'492,527 16,658,478 57,834,049 - 1830- -. / 70,876,920 1'4,387,479-: . ' ' : 56,499,441 1831 103,191,124 •. 20,033,526 • • . , • '83,157,598' 1832, . 101,029,266 24,039,473 76,989,793 1833 108,118,311 . ^ . ; 19,822,735 88,295,576 .1834' - 126,521,3.32 , ; 23,812,811 10-.', 708,521 1835* 151,030,368 20,424,213 130,606,155 ^ Partly estimated for the quarter entling 30th September, 1835* 1835,] "SECRETARY OF THE TREASURY, ,,657 C—Continued, . REMARKS. ., 1, Prior to 1821, the Treasury reports did not give the value of the imports. Their value, from 1:795 to 1801,1^5 been taken from Pitkin's Statistics. .The value of those in 1815, from Seybert. The value.pf those in 1802, 1803, 180,4, 1807, 1817, 1818, 1819, and those from 1790 to 1795, from manuscript notes and estimates now made in the department. The value of those in 1805,, 1806, 1808, 1809, 1810, 1811, 1812, 1813, 1814, 1816, and-1820, from calculations and comparisons with G.ther years. The value'of the imports from 1821 to 1834, inclusive, has been taken from official documents. • ^ , • In Blodget's Manual, page 62, is an estimate of imports from 1790 to 1804; but it is to.o low in amoimt, being only as follows, though including the stock, furniture,'(fee., of emigrants: In 1790' 1791 > .1792 1793 1794, ^ 1795 .1796 1797 1798 _ _ ' ^ _ _ _ -„ ' _ : \ '-.' _ ^ _ . -.:•• ^ .. ^- - . . - . - _ - . . _ ^ _. _ " 1799 \ 1800., 1801 1802 _ ^ _ _ _. . _• _ _ _• 1803 1804/ _ _ ;_ ^- - -/" _ _ _ . ^ _ -. _ -. _ _ - . _ .-= -.. , _ _ _ _ •_ -. .- _ -^ _ - .-' _• •_ : .'» -: -- . - L , • - •_- . . . ^ . Sn,500,000 ^_ . 19,000,000 _v . » "22,000,000 » ^ 26,000,000 _ .. 34,000,000 '-. 48,000,000 « 68,000,000 _ .^ 52,000,000 - .. -^ -^ - > . -. _ - , / - _,- « ^ ._ ._ _ - _ « ~ - -- / _ ^ _. - .. _ _ ' - .63,OOOCOOO 79,500,000 71,800,000 88,900,000 73,000,000 56,000,000 8d,000,W 2. As'the books of exports from 1790 to 1803- were lost or destroyed during the war, (see .letier of Register of Treasury, 28th October, 1834,) the amounts of exports of foreign merchandise from 1790 to 179.6 have now been estimated in^the department from official returhs. , In Blodget's Manual, page 64,is-a different estimate for those years, which is as fdllows: in 1790 1791 1792 1793.1794.. 1795 _ L _ _ _ _-^ > '_; -. ^ - . - -^ _ -' .. ,>_ .'^ - , -/ ^_ . _ ^--. - ' - -' ' ~ L _ - . •_ ._ -. • Sl,800,000 3,799,202 ,5,945,568 10,591,788 16,843,625 ,29,791,506 Those from 1796 to 1802, have been taken from various sources believed to be authentic, and in part from data given in the:, annual Treasury. Report of December, 1801. Their values from 1803 to 1820, have been copied from Pitkin's Statistics,-and are believed to be chiefly from official documents; arid..from 1820 to 1834, from official returns on file. "Free goods areincluded in thetotal of exports,'but not in" any accdunt'of imports previous to 1819. Hence, up to thatyear, hasbeen added for the .consumption of free goods: , , Sn 1790 and 1791 " 1792 to 1796 ^ ' 1797 to 1806 1807 to 1819' - _, _ -- L y.oL. 1 1 1 . - 4 2 -' _ - - /'~ - . _ > -' "fi . - #1,000,000 per annum. -. 1,500,000- do. ' _ ^ • _ 2,000,000 do. .- ' 3,000,00() do. [1835. REPORTS OF THE , 658 D: VAL UE of exports of the United States. Year. Whole exports. Exports of domestic products. - ^-20,205,156 1790^"^ 19,0,12,041., 1791 -1792 20,753,098 1793 26,109,572 33,026,233;1794 1795 •47,989,472 • 1796 67,064,079 56,850r206 1797 61,527,097 1798 78,665,522 1799 70,971,780. 1800 180] ' 94,115,925 1802 72,483,160 1803 55,800,033 1804 ' ; - 77,699,074' 1805 : .'. 95,566,021 1806 101,536,963 1807 108,843,150' 1808 22,430,960, 1809 52,203,233 1810 66,757,970' , 61,316,833 1811 1812 , 38,527,236 . ^ Year. Whole exports. Exports of domestic products. .S25,.©08,132 ^27,855,997 :i8i3^ S19,666,000 18,500,000 1814 , . 6,927,441 . 6,782,272 19,000,000 1815 52,5.57,753 , 45,974,403 ' ,24,000,000 1816' - 81,920,^152 64-, 781,890 ' 26,500,000 ,1817 ' . 82,671,569 68,313,-500 .39,500,000 1818 93,281,133 73,854,437 ' 40,764,097 1819 70,.142,521 -^ ' 50,976,838 , 29,850,206 1820 69,691,669 51,683,^640 > 28,527,097 1821 . 64,974,328 ^ 43,671,894 -33,142,522 1822 • 72,160,2§1, 49,874,079 31,840,903. 1823 . 74,699,030 '47,155,408 ,47 ,,473,204 1824 ' 75,986,657 ' 50,649,500 .36,708,189 •' 1825. 99,535-, 38866,944,745 - 42,205,961 1826 77,595,322 • 53,055,710 41,467,477 1827 82,324,82758,921,691 ;42;387;002 1828 72,264,686 50,669,669 ' 41,253,727 1829 72,358,671 55,700,193 48,699,592 1830 73,840,508 59,462,029 ^ 9,433,.546 • 1831 §1,310,583 61,277,027 v-^ 31,405,702 ^ 1832 • 87,176,943^ 63,137,470 42.366,675 •1833 90,140,433 70,317,698 81,024,162 . 45,294,043 . 1834 -104,336,973 ' 98;531,026 1835* - 118,9.55,239 . '30,032,109 ' , - . • ' In Blodge.t's Manual,',page 64, the ex:portsof all,kinds are given, and of domestic products. The3^ .do not differ much, except from. 1790 to 1798, whic'h are computed by him as follows: 1790 1791 1792 1793 1794 Whole exports. - • .* Partly estimated for quarter ending 30th September, 183c ' NOTE,—The above are mostly from official returns, except fhe doriiestic exports from 1796 to 1795, which have been recently estimated bjrthis department fromthe quantities on record, and comparative statements, except in 1791, the Tfalues of which were then estimated in' the annual repprt for the-calendar year. ''' Year. 1 1 i 1 J^16,000,000. 18,399,202 21,005,568' 26,011,783 33,043,725 Exports of domes- - Year. tic products. S14V206,900,' '14,, 600,000 15,060,500. ' 15,420,000 , 16,20b,100- Whole exports. Exportsof 4omes^ tic products. 1795 '•^46,855,85.6 1796 67,064,097 -51,294,710 •1797 . 61,327,411 1798 '/ ^St8,064•,050 20,024,021 ,24,052,671 ,27,991,413 • • |J='See Table C, for exports of foreign merchandise each yearj for further explanations. • 1835.]" SECRETARY OF THE TREASURY. 659 E.' . E X P O R T S of cotton. Gluantity. Years. . '' ' , . Pounds. 1792 1793 1794 Do.llars. ; 138,138 487,600 ' : 1,,601,760 : 32,000 -"• 107,272 ~ 320,352 •3)2,227,688 • 3)106 7-10 riiiilions. .' 1822 . 1823. 1824 ;_• 35:6 344 millions. 22:1 . 322i:~^ millions. . 3 2 4 ^ ' " ' do. 3841 • do.' 3)l,031i 201 m\ 153.5 millions.. . . ' ' millions. • do.. . do. , Average. . Average. , 24 ' ' ,20k -211 3)460 6-iO millions. . 1 5i 71 71 6.9 - 144'6-10 inillions. 173 7-10 do.' 142 3-10 do. 4832^ • 1833 • . 1834 - ! 153-,208- 27^ .millions. 4 1 1-10 do. 38 1-10 clo. . ' • .• 459,624 . ' . 742,562 1802' 1803 1804 r. . Value. millions. do. do. . millions. : '• • ' ' - , Average, 31f • '' . millions." 36 ' do. -491 do. 117i 39.1 . millions. |. Average. ; NOTE.—Lookingfurther to the fut-ure in connexion with the pasf, a brief comparison of the quantity and value of our exports in cotton^ at ,a few equi-distant periods, as exhibited in the above table, willserve to illustrate, in.a condensed form; the great influence'""which the cultivation and exports of cotton alone seem to Have exercised,' and are likely to exe;rcise hereafter, on the amount of our whole exports of doriiestic products,..and thus indirectly to affect our importations, and consequent revenue from' customs. Doubtless- some other cultivation and exports would have taken the place'of cotton in the south, had it not been so successfully grown there; but they probably would have been less valuable, and.will be so hereafter, if ever substituted for that: 'because the-average ihcrease of all our domestic exports, including cotton, has been only from 3 to 5 per cent.'; while that of cotton alone has, during the last thirty years, ' been, on an ayerage, near 25 per cent. annuaUy. But^of late the ratio of increase iri cotton, though still niuch-greater than that .of other exports, "has become diminished and more settled, having fallen from quite 500 per.cent, during the first ten years^of our present Government, to . only about 10 per cent, during the last ten, though the whole annual quantity now exported exceeds the enormous amount of 380 millions of pounds. This 10 per cent, incregise yearly, considering the vast quantity now grown in the United States, and how fully the cotton raisisd in the other quarters of the world has already been excluded from the European markets, with "^ other circumstances named iri the body of the report, may be justly estimated both as a more regular r'atio than a:ny \vhich has.prevailed heretofore; and as something lairger than its probable increase in the ensuing ten yea'rs., ' , . Some fuller tables, showing the progress in the cultivation and manufacture of cotton, have been prepared by this department,,bul are omitted fpr a more appropriate occasion. 660 REPORTS OF T H E F. [1835. . E X H I B I T of the nett qnantity of public lands sold, amount paidby purchasers, and payments made into the Treasury on accmxnt thereof, from thi earliest period 'of 'sales to the Zlst December, 1834. Gtuantity sold. Year. Acres. ^~ hdiks. . - ^ 1787 1792 1796 1797 1798 1800 . 1801 1802 ^• 1803 • 1804 1805 180.6 . 1807 1808 ' 1809 1810 1811 1812 , 1813 1814 1815 1816 1817 • 1818 1819 To June 30, 1820 Amount of purchase morieyv -Dolls. • Cts. 72,974 00 1,165,440 00 43,446 61 . •-< - - . '— .- ' / „ - _• ~ ,'398',646 45 •"• . -834,887 Tl , 340,009 77 . .. 680,019 54 .181,068 43 398,161 28 - 373,611 54 • ••772,85f,95 • ... 619,266 13 1,235,955 22 473,211 63 1,001,358 02 : . 3 5 9 , 0 1 1 79. . :' t 738,273 29 213,472 12 4.59,230 34 231,044 98 : 550,655.03 235,879 41 502,382 13 288,930 31 . 614,324 58 .^ 536,537 40 1,149,536 46 ' 270,241 43' . 621,199 44 . 864,536, 53 • -, 1,784,'560 95 1,120,233 64. 2,340,188 91 1,622,830 0 6 " / '3,567,273 88 . 2,159,372 43 .5,022,409 84' 2,401,844 60 ' .7,209,997 42 ' 5,475,648 17. •17,681,79,4 37 "^ 1,465,283 94. 5i8,500 80'^ 5 (1)' 19,965,758 23 ' .(1) From July 1, ^ (2) 13,649,641 10 303,404 09 1820, - 1821 ^' ^ 781,213 32 • 1822 801,226 1 8 ' i;823 653,319 52 ' •;i824 ,, ~ : -749,323 04 •1825' • .: 893,46169 •182.6 . • 848',082^26 .1827 ^ •926,727 76' 1828 . ' 965,600'36 , .18.29 . .' 1,244,860 01 1830 . 1,929,733 79 .183.1 2,777','856.88 .1832 • 2-,,462,342 16'•1833 3,856,227 561834 ' , 4,658,218 71 (2) 1835^ 117,108'24 832,549 m-. . 100,427 53 _•'.;» — ^ ' - ._ , - / ~ - ' 7 • — — 37,501,238 43 Amount paid into the Treasury; ; (4) 49,680,427 13 Dolls. Cts. ' ,v . '• 4,836 13 ; 83,540 60 11,963 \ \ 443 75 ; 167,726 06 ; 1 .: 188,628 02 ^ : • • ^ 165,675 69 ^ i 487,526 79 : . 540,193 80 765,245 73 ^ 466,163 27 647,939 06, 442,252 33 ' 696,548.82 . 4,040,237 53 710,427 78 835,655 14 1,135,971 09 1,287,959:28'' ' 1,717,985 03 1,991,226 ®6 2,606,564 77 ' 3,274,422 78 . ; V -• ~ 19,'269,132'62 27,663,964 60) 1,635,871'61.. 424-962 26 5 , '(3) • 1,169,224 98 • 1,212,966.'46 1,023,267 83 . ' 1,803,581 54 850,136^26 916,523 10 953,799.03. •;• 984,418 15- , 1,205,068 37 1,216,090 56 ' 1,.128,617.'27 : 1,393,785 09 • l,318;i05 36 ' .1,495,845 26 I,22i;.357 99 1,018,308 75 1,572,863'54 1,517,175 13 2,433,432 94 • 2,329,356 14. 3,557.023 76^ . . 3,210,81548 3,115;376.09 2,623,381 03 -••4,-972,-284 84 • 3,967,682 55 6,099,981 04 ;4,857,600 ,69 58,709,466 16, 49,452,534.16 , (4) 9,000,000 00 12,250,000 00 11,000,000 00 Estimated by the Trea sury Departriient from re turns of three quarters. |, ' ' 1'835.] SECRETARY OF T H E TREASURY.' 661 P—Coiitinued. NOTES. , (1) This.is the gross amount of acres ari^ purchase money, including the special sales prior to the opening ofthe land offices, and, of course, all the lands as they were sold from year to year, without,regard to their subsequent reversion to the United States, or their subsequent.relinquishment by purchasers under the relief laws commencing in the year 1821. (2) This is the-nett an.iount of sales and mimunt paid hy purchasers, after deducting, all reversions and relinquishments of "lands sold under the credit svstem, endinsr on the 30th June, 1820. • •• • -" . - v^ " •• ' •• •' (3) This is the amount paid into the Treasury in 1820,- for the sales of land under the credit and cash systems. . . . • , • (4) These.aggregates include the special sales made prior to the organization of-the land district—(see table A;) also the amount of forfeited land'stock, Mississippi stock, and military land scrip, received in payment for the public Jaiids—(see table'B,). GENERAL L.A.ND OFFICE, Oc^c^er. 19, 1835. .-^ ' ; •' ^ [Iii making estimates or comparisons between the sums receivable, and the quantiiies of lands sold at different times, it is important to remember that the .minimum price per acre .was 'S*2 before 1820, and since only "JB I'25. - Besides the above sales by, the United States,-'they'have made donations of lands, most df^which have' conie into the market during the last forty-six years, of over 16,000,000,of,-acres—see table C annexed.] , i ; • . TREASURY DEPARTMENT, Novemher 1., 1835..- • ^ ; : . . . • , / ; , ; ' ( A - ) • , ; -. • , • : ; E X H I B I T I N G special sales, ofi public lands prior to the opening ofi the land ofiices. - . , Year. Where and to whom . sold. . Qiuantity. Pur chase money. Acre's, lidths. -v Dolls. 72,974 .00 ' 1787 New York ' 1792 John C, Symmes - : 272,540 00 892,900 00 1792 Ohio Company . 4,3,466 61 1796 Pittsburg ' . Total 117,108 189,693 .642,856 100,427 ' . . , ' • Cts. 24 . 00 • Certificates ofpublic debt. 66 Do. andof arniy land warr'ts. Land warrants. 53 1,281,880 61 , 1,050,085 43 • (B.) . : ..- • E X H I B I T I N G the amount ofi 'public debt and army land warrants, United States and Mississippi stock, forfieited land stock, and military scrip, received in payment bfi the public lands, viz: Certificates of p'ublic debtand ai'my land warrants Mississippi stock - • United States stock - -.. -, ^ Forfeited land stock and military .scrip rTotal GENERAL LAND OFFICEJ $984,189 91 2,448,789 44 257,660 73 • 1,674,376 23 5,365,016 31 October.8, 1835. 662 REPORTS OF T H E ~[1835. E X H I B I T of the quantity of lajid granted as'bountics during the late war, and io each ofthe States and Territ ories, for colleges, roads, and canals, seats ofgovernment, saline reservations, and common schools. States and Ter• ritories. Bounties . Colleges^. Roads and Seats ofgov- Saline reser- Common during the academies, canals. "• ernment. '.-^ vations. schools. 'late war. &c, . ^ l-36th part. ^ Acres.Acres. Acres. '^ Acres. lOOtlls. . . Acres. " 69,120 '• 830,137 684,743 .. : 23:, 680 00, 67,960 46,080 . 580,8002,560 23.,040 00 626,868 •2,878,720 •46,080 ,480 ,.000 ^ 2,560 121,629 68 1,034,897 - "468,9,60 46,080 • \ _ ,'2,449 46,080 00 1,230,639 r _ . 46,080 1,280 • 834,364 ; ' _, 46,560; 480,000 V 1,620 23,040 00 .-889,030 _ ( 46,080 • -8731973 _ ' _ ' __ 46,080 _ _ ^ ^ 10,000 -' •'. ^ 543,893 1,037,120 46,080 • 7,400 . 950,258 /- ^ _ 46,080 " 877,484 -. ' •; 1,120. - , ' Acres. Ohio Indiana Illinois , Missouri Mississippi Alabama, Louisiana Michigan Arkansas Florida Total - .' V • - • 4,452,760 '484,320 GENERAL LAND OFFICE, bctoher 10, ' Of Of Of Of Of Of 1835. IIECAPITULATION. bounties during'the late war -^ ' grants for colleges, academies, &c. grants for'roads and canals grants for seats of government ' grants for saline reservations : grants for common schools - : ' 2,290,937 ^"' .28,989- 237,469 68 .•8,546,149 - , .•.- ; - -_ . - -. . Acres, hdths. - 4,452,760 00 484,320 00 - 2,290,937 00 "28,989 00 237,469 68 : 8,546,149 00 -16,040,624 68 1835.] SECRETARY OF T H E ' T R E A S U R Y . . ' ' 663, G. Correspondence ivith the Bank ofi the Vnited States. ^ TREASURY DEPARTMENT, ' September 18, 1835, S I R : This departnient has commenced the preparation of the estimate of the> receipts and-expenditures of the. Government for the year 1835, to be submitted to Congress. As it has not been apprized, in any way, whether the Bank of the United States contemplates paying to the'^stockholders, during the ensuing year, any,portion:of their stock in its capital; and as the United States is so'large a stockholder, that the course of the bank on that subject may affect its. receipts for 1836 to the extent of seveii millions of dollars, the department is anxious to bC; ad vised'of the course intended to be pursuedon that point by the bank, and w:ill be obliged to you for information at as early a period as may be convenient. ~ 1 remain, very respectfully, , Your obedient servant, ^ ^ LEVI WOODBURY, \ ; Secretary ofi the Treasury. N : BIDDLE, Esq. , . . . ' President Bank JJnited States. -, . "..'••'..' : , ; . . ;. "BANK.OF T H E UNITED STATES, , • ^ \ " ' " ; September 22,18%^. • S I R : I had the honor ^oF receiviiig your letter o:f the 18th instant, which was this day submitted'to the board of directors, by whom I am instructed to inform you'that they have not yet come to anv decision-on the subject of it. -• . .. ..• ' . , • . . ..> ^- : ' .. . '^ I have the honor to be, ' Yery respectfully, yours, .: . , - • /'N. BmYy-LE.President. H o n . _ L E V I rWooDBURY, />. • : . Secretary ofi^ the Treasiiry, Wds^^^^ 1 •' •', H No. 1. G E N E R A L S T A T E M E N T ofi the condition ofi the State banksin 1834 ami 1835, and as near the tst ofi January, '1836, as obtainable. States. > Maine , _ Do. Do. ' NewHampshire Do. Yermont . Massachusetts Do. Rhode Island - Date. - DG.^ Connecticut . Do.New York New Jersey PennsylvaniaDelaware Maryland - . Do. Di.strict ofColumbia Virginia ~ ' -. North Carolina - Do. - . South Carolina Georgia Florida Alabama -• -, Do. Louisiana , . Mi.ssissippi Tennessee Kentucky January '3, 1835 May ' 30, 1835 October 30,1835 May . - 4, 1835 November 2,-1835^ October 1, 1834 May 3, 1834 May 2, 1835 October, 1834. October, • 1835 March, ' 1834 March, 1835 January, 1835 January 1, 1835 November, 1834 October, .. 1835 January, 1835 October, , 1835 January, 1835 Jan'uar}', . 1835 June, ^ > 1834 August; 1835April & Oct., 1835 October, ^' 1834 December, 1834 November, 1834 January, 183.5 June.&'Nov., 1835 January, 1835 Feb.. & July, 1835 , December, 1834 I No. of banks. No. of • Loaiis and dis- branches; "29, 1 5 • 25 : 1. 17 103^ V2 58. 2 28 3 84 1 41 3 7 5 3 1 - 2 13 2 1 1 10 2 17 7 " 2 10 31 7 4" counts. («)#4,359,874 ' («)146,835 («)742,799 («)3,:805,383 .123,851 . 1,870,813 -(«)47,200,477 («)l,700,-665 ^ 9,608,339 ' 85,991 8,307,824 591,832 '61,968,094 - 43,189 28,395,900 1,232,830 6,257,842 2,177,981 3,115,52411,277,304 ~ • 1,807,209 . 1,553,768 . 3,886,441 • • 7,714,-851 233,209 7,267,211 - 1,952,375 37 ,-388,839 10,^379,650 5,599,966 861.511 I Stocks: Real estate. Notes, rem;arks, &c. S97,077 3,860 S10>,000 234,971 365,000 551,568 2,106,819"" 157,731 1,582,979 103,145 366,712 - 128,-715 ; 20,335 473,972 1,229,662' ' 7,959 40,000 16,930 (a) Amount of all debts due; including notes, bills of exch ange, and all stocks and funded debts of every description, ".'86,890 excepting the balanees'due from other . 1,348 banks. •• 15,485 ''867:761 200 ,725 675 169; 466 ,055 1,594, 937 .'28, 528 Morris Canal and Banking Compan)^, 1,633, 159 independently of canal property. 89, 275 -364, :05 -57, 650 268 425 633'; 093 234 378 . ". 24 368 63 519 306 030 14 947 63, 658 17 964 75-,705 12.8 208 29;059 231 .046 O O' GO CO Do. . Missouri Illinois Indiaiia Ohio Do. .Do. MichiganDo. . Maryland • . - - : • - . - " • -• . November, 1835 Julv, 1835 Septembv 14, 1835 •Januarys- 1,-. 1835 January, 1835 May,. 1835 November, 1835 January, 1835 November, 1835 ~1 1 15 3 4^ 3 4. '- December, ^ 1828 To.tal of table 11., statement B* 1833"tol83o Total of table IIL October, Totalof table IV. " 1 114 502 • .^ 10 1 3 9 • 4. do. do. - October, Number of banks in oper^ation" • October,Total of table Y., statement ]B - October, 117 4835 509 ^ "37 117 2 1835 ^546 9 . ^ 119 3 1835 1835 ;555 13 122 A ggrega,te of returns and estimates _ January 3 1 ' 503 6 -. Whole number of banks char:, tered -' October, -^ 1835 Estimate of banks from which imperfect returns have been ^ received -^ •7 October, 1835 Returns, as above .- - - Note.—Vnited States Bank Aggregate - - 1, 1835 6,812,555 85,707 313,902 531,843 4,183,926 3,471,314 1,052,998 1,180,215 y 156,010 1,180,000 81,905 2,500 4,671 ^1,715 72,745 23,833 11,922 22,794 '• 289,446,847 -8,578,998 ^ 7,528,081 122 • ' ^ • 43,047. Farmers' Bank at Annapolis, Returns ' complete, but not of recent date. -290,531,706 . 8,598,579. "7,571,128 Returns not complete, and those of two 1,126,382 banks not of recent date ^ Loans and discounts, and specie of'509 ^ 291,658,088 / ' ^ - . ! ' - ' banks and 117 branches. 1,084,859 .J / •' . O >3" • • ' ^ >,. • \ ' . : ' - ' ' - ^ > Ul 5 117 22,691,092 290,531,706 590,000 612,000 8,598,579; :; 7', 571,128 555 122 313,222,798 9,210,579 ' 8,161,128" 1 556 25' 147 51,941,036 365,143,834 9,210,579 52 503 - 2,979,-529 11,140,657 * Statement B, which embraces those banks from which imperfect returns have been received, will be sent in with .the tables giving the returns from each bank in each State. > • ../ -f-. • ^ Q 19,581^ • 568 - CO CO o\ • / d H No. 1—Continued. -. ' ' " States. ^ • "Date. Due.from Noies of other banks. other banks. ' CTJ as Specie funds. Other investments. Specie. ' . Notes, remarks, &.c. • • ^ Maine ' - Do. Do. -NewHampshire • , Do.^ .Vermont . . . Massachusetts Do. - -• Rhode Is]and - " Do. . Connecticut - * ' Do.^ New Ybrk ' ..:' . . New Jersey ; Pennsylvania Delaware ^ Maryland, Do. , - . - ^. District of Columbia .Virginia North Carolina Do. South Carolina . ' . - - ' - Georgia . -- Florida .- • Alabama - • Do. . Louisiana • Mississippi '' 'Tennessee - ' - ., Kentuckv - Do.. Missouri . -" Illinois - • S132,701 January 3.1835 • ^45.5,974 . 1,443 38,207 May ,30; 1835 •13,085 54-520 October 30, 1835 110,508 May • - 4, 1835 ._ 112 November 2, 1835 - •355,079 _ 66,442 October 1, 1834 1,952,417 May 3, 1834 • 2,824,984 54,779 May.- •- 2, 1835 , 66,000 261,109 October, ' 1834 • -262,909 4,929 5,495 October, 1835. 37,724 March, 1834 • ^ 702,979 14,908 143,669 March, 1835 6,805,045 Januar}^, 1835 12,211,905 January 1, 1835 2,-366,852 ' November, 1834 .2,600,044 96,138 '251,519 October, - 1835.504,367 1,0.67,491 Januarv, . 1835 189',611 .Octobef, 1835 - 537,090 338,060 263,731 ^ January, - 1835 458,921 .January, 1835; ' 975,162 399,453 ' • • 77,585June, ,. 1834' • .824,222 282,287 August, 1835. • 932,816 , 499-,023 April & Oct., 1835 614,664, 703,963October, ' 1834 16,220 8,385 ' December, 1834 - 141,738 723,526 November, '1834^ 2,41,154 680,816 .January; 1835 • 40,670 June &" Nov., 1835 2,850,701 158,410 January-, ' 1835 . 353,252 158,347" Feb. &.Tuly, 1835 . 441,267. 30,822 15,357 Pecember, 1834 990,094 395,542 November, 1835 20,040 ~ 322,338 July, 1835 20,150209,396 September 14,1835 • ' $-137U09- - 6,950 27,563 _ ' • («)P8,196 (^»)508,854 : 22,208 (:c)286,116 • . • 50,958 1,160,296^ '20,268 467,407 . 6,233 118,640 10;468 7,169,949 , .' — 1,119,417 129,991 670,363 8,736 V 3 ,,421,920'! —'..'" 173,183 651,039 _: 233,133 "_ " 474,199 1,160,401 78,507 197,152 754,-219 1„.781,835^. 14,312 ' 41,305 778,013 138,122 2,824,904 ^ «. • , 359,302 • 258,724 ^^ ,2,284 ,- . , 870,084 _ 155,.341 ^ .243,223 • / : ' ,' • • _ - • • • ^ Ta)'Cashin vaults.(b) Specie in vaults, and credits in- Boston banks. . (c) Due from agents in New York _ ;and elsewhere; bills of other ' banks, and credits in Boston banks. s4iil8,440 *.' . ' • ' . ' _ " 13,652 .•3,252 27,813 • . , ^' U2 Morris Canal and Bankiiig Com11,344. pany,/ indepen den tly o f canal property. • 53,885 • 49,765 " '' '. 29,497' o ? ' • • • . . / ^ . . . • 403,232 25,676 ."' ' •'.267,027- 2,531,684 383,391 L 70,261 292,895' ,. 00 CO Indiana " - Ohio -• Do. • ' - - "Do. Michigan Do. - '. • - . - - . . . . .- 32", 901,737 Maryland - ' • - becemb. 1828 , , Total ofjtable II, statement B 1833 to Total of talble III, ^October, J835. do. 78 J150 751,083; • .524,848 822,221 231,422 399,608 90,296 - 197,804 65,630, 72,072 55,^815" 40,347 39,417 January 1,1835 Januaiy, 1835 739,930 May,' • 1835 383,666 Novemb. 1835^ "160,319 January, 1835 V 234,496 Novemb. ' 1835 • ' , 37,714 1835 65,128 32,966,865 18,138,713 : 26,0.29,rs. 21,388 • 18,160,101 • • _ - ' • - . / ' 42,512 •2,857,698 '26,.367,356' ; : ) " • ' - • / GO Cp OX . 4,305,224. '•- , 87V918 26,117,091 - 250,265- 1,70827,433 . 3,8q4 r. . 11,537. - 78,868 - . . F.armers' Bank at Annapolis. Returns .complete, but- not of recent .. date. Returns not" complete, and those • of two banks not of recent date. , Specie of 509 banks . and" 117 branches. ^ ^ . 2,508;000 32,966,865 1,420,000 18,160,161 2,112,165 26,117,091 204,121 2,857,698 - -337,000 4:, 305,224' Aggregate of returns and esti-. mates :- . 35,474,865 19,580,101 28,229,256 3,061,819 4,642,224 3,061,819 4,642,224 - January 1,1835 ' -- - ' - O '> • o Estimate of banks from which imperfect returns havebeen received • October,. 1835 Returns as'above Note.—JJmled States Bank Aggregate - . -- - m . 4 ,,609,973 1,506,200 15,708,369' •40,084^,838 •21,086,301. 43,937,625 " • . • ' , : • ' V Ul cr» H No. 1—Continued. States. . Date. Maine ^ Do. Do. . . . New Hampshire Do. Vermont . ' - ^ Massachusetts Do. Rhode Island Do. - , ^ ' - . Connecticut - ' 'Do. New York . ' New Jersey Pennsylvania/ Delaware -' Maryland Do. District of Columbia Virgmia -- , . North Carolina . Do. -. South;Carolina Georgia Florida. ' . ' Alabama Do. ^ . . Louisiana Mississippi • - " Tennessee . Kentuckv Do. " Missouri v' -. Illinois - • • . . . : -. / _ . . • ' . ' .. , "._ - Capital. Deposites. $576,128. January 3, 1835 $2,901,000 May 30, 1835 100,000 . ~13,882 Oct. .30, 1835 498,850 ^72,973 May 4, 1835 2-, 555,008 437,797 Nov. 2, 1835 100,000 . 3,392 October 1, 1834 921,815.180,792' May 3, ; 1834 -29,409,450^ 4,910,053 May 2, - 1835 1,000,000 137,417 Octobe'r, 1834 8,041,032 .1,278,226 . October, 1835 55,450 8,911 •March, - 1834 .-6,851,909 -1,167,964 March, 1835 • '498 ,-857 89,066 January, 1835 30,481,460^ :; 20,088,^685 January 1, 1835 50,000 '^ . ,20,592 Novemb. 1834 -17,737,064 8,965,311 October, .1835 730,000 . 480,-^375 January, 1835 5,465,169 2,398,245 October, 1835- 1,257,895. 612,074 January, 1835 2,613,985 1,125,618 January, 1835 5,840,000 3,115,974 June, :.^ 1834 1,372,325 421,012: August, 1835 1,092,600 329,113 Ap'l &Oct. 1835 . 2,156,318 1,-600,956. October, • 1834 .6,783,-308 1,014,674 Decenib. 1834 114,320 . 67,215 .Novemb. 1834 : 4,708,948 986,707 January, 1835 ~ 898,675 261,219 June & Nov.'35 26,422,145: 7,106,628 Januarv, 1835 . 5,-890,162 1,888,762/ Feb. & July,'35 2,-745,241 •608,456 Decemb. 1834 792,423 -' 7-,828 Novemb. 1835 , 4,106,262. 1,190,060 Jaily, 1835 . 526,398 Sept..'14, 1835 278,739 123,695 CTOO Dueto other Circulation. > Other liabanks. bilities. . #103,597 Sl,358,914 80,058. . 45;,988 - 270,348 1,347,124 •. _ ' . 42;846 _ 2,082 1,463,713 2,393,301 7,650,146 422,947 218,326 1,'251,485 _. . 39,300 ^2,407,496 25,673 277,904 16,551,841. 16,199,505 — - ^ ^ 30,247 3,722,479 7,569,561 20,473 •622,397 1,024,616 1,248,570 946,652 .459,247337,681 692,536 "149,990 ' 5,593,198 56,817 - 958,934 . 160,071 1,283,030 2,288,030 499,827 3,694,329 ' 6,44i V 133,531 • 187,696 -2,446,867 ' .820 ,.882 '1,025,546 w 3,397,667 5,114,082 680., 987 • 2,418,475 72,660 2,:5.57,680 ••/ 8,147 ' 87,564 .1i059,352 2^683,590 .•, 55,727 5,739 • 178,810 (^).$127,950 Notes, remarks, &c. (3)Cash deposited bearing interest. - - j _ _ • (^')S,398,'005 .-(^»)33,800 153,891 519 • • ' . ' • ^ ^ . 2,000 4,886,8451,000 Morris Canal and Banking Com615,510 •• pany, independently of canal property. Ul O • ^ 4,249 r 15,-124 • ' I •' " ' - ' ' ^ _ 25,611 - 10,000 186,364 ' '.^"-- ' _ ., 1,389,831 , 119,165 206,353 1,^368,181 200,000 -- ^ ' CD CO at Indiana Ohio Do. Do. Michigan Do. - - - - - January. 1,1835 January 1835 -]N^ay, • 1835 Novemb'r, 1835 January 1,1835 - Novenib'r, 1835 800,000 2,371;253 2,155'000 5.53,071 V 553,980' 125,000 - 127,236 734^,673 1,055,136 133,999 .630,789 55,661 181,009,714. 64,553,692 Maryland - - December.il828 -819/575' ^253,866 456,065 3„985 106,611T 2,978,288 ' - 56,147 310,382 ' 856,667 5,093763,625' 39,360 .445,862, 6,609 9,120 . 190,814 33,205,400 •79,784,710 33,292 17,805,638 - 215,237 - Tbtal of table II, statement B 1833 to 1835/ 181,829,289 .1,4^1,048 - Total of tableau, s.tatement B October, 1835 N 79,999,947 660,986 • " 17,805,6.38. 183,250;337> 10,795,135 80,660,933 • - •' - - / .7 ." _ * / / "v. • _ — . - • • Ul Farmers'^^Bank at Annapolis:' Returns complete, but not of, recent . - date. . . O Returns not complete, a:nd those of two" banks not of recent date. - 194,045,472 Estimate of banks from-which irnperfect returns have been received . . _ October, Returns as above 64,807,558' 33,238,692 • GO CO Capitaland circulation of 509 banks and 117 branches. " o .. -- . - Whole amo.unt of capital ascertained to belong to 546 banks and 119 branches. 1835 14,421,048 - 5,070,750^^ 2,614,814 181,829,289 ?64,807,558 33,238,692 870,143 ^6,352., 751 79,999,947. 17,805,638 Ul d Aggregate of returns and estimates -- iVcfe.—United States Bank Aggregate - . - January 1,1835 69,878,308 86,352., 698 18,662,78.1 35,000,000 *13,203,057 - 3,119,172 17,339,797 331,250,337 83,081,365 38,972,678 103,692,495 657,964 19,320,745 196,250,337 . -' • 35,853,506 ; ' Including redemption of the public debt and unclaimed dividends. to 670 REPORTS OF THE [1835. H TABLE BANKS, Date. Maine Bank,' Portland Commercial Bank, Portsmouth Merchants' Bank, Salem Commonwealth Bank, Boston Merchants' Bahk, Boston- •Burlington Bank, Burlington ' Arcade Bank, Providence - . .- Farmers and Mechanics' -Bank, Hartford - ' ;- : " .Bank of America, New York " Manhattan Company, New York Mechanics'.Bank, New York Girard Bank, Philadelphia Moyamensing Bank, Philadelphia Union Bank bf Maryland, Baltimore Bank of the Metropolis, Washington Bank of Virginia, Virginia j Planters' Bank, Savannah -' ^" Bank of Augusta, Augusta Planters' Bank, Natchez Branch Bank of '3-labama,'Mobile Union Bank of Louisiana, N. 0.' Commercial Bank, New Orleans 'Union Bank, Nashville . , Merchants and Manufacturers' B'k; Pittsburg - . Commercial Bank, Cincinuati ,Franklin Bank, Cincinnati , , Louisville Savings Institution, Lou^ isville --- ^ Bank of Michigan, Detroit -Farmers and Mechanics' Bank, Detroit,' •/ - . ' - • ' ; Not4s United States Bahk - showing the condition of those which -were ^ ^ Loans and dis- Domestic excounts. change. '• 1835.' Feb. 14 '^286,174 Feb. 16 180,2,13 Feb. 13 - 168,969 Feb. 16 ^ 925,351 Feb. 14 • 803,470 Feb, 5 - ,88,440 Jail. 31. , 300,295 Feb.' 2^ Feb, 12 Feb. 14 Feb.. 14 Feb. 14 Feb. 10 Feb. 9 Feb. 16 Jan. 1 Feb. 10 Feb. 10 Jan. 26 Feb. 2 Jan, 31 Jari. 31 Feb. 2 Real CvState. 67 19 S23,646 48 ( 10 ' • 328,727 04 53 75,764'33.66 639,470 66 86 . 64,510 62 05 S3,500 00 .' 500 00 312;466 59 120,495 65 3,674,930 83 208,653 17 3,967,252 02 4,889',900 68 2,696,336.31 324,673'80 ' 295,075 18 2,823,418 70 39,802 32 l,007,b27 65133,545 77 4,076,108 65 1^500,000 00 902,546 62, 116,396 82 707,971 19 539,768 35 3,738,359 13 3,771,587 49 2,279,370-06 974,950 486,654,178 79 .1,738,785 07 1,797,917 87 406,042 14 . 887,036 57 ; 2,988,283 73 „ 15,755 35 -' 81,963 47 , ' 325,503 09 Feb. 4 537,768 97 ^ '381,475 07 Feb. 14 '812,901 13 548,859 74 Feb. 7 1,418,885-23 465,759 91 • 16',727 07 • - _ V Feb. 11 Jan. 31 • • 180,842 24 26,380 82 •313,273 58 •24,285 20 / • 39,127 50 ^ 10^,527 44 48,683 10 ,47,682 68 '78,483 00 •. 29,059-77 _ .' , •_: - ' ., 119,802 67 • 21,454^38 748,439 22 . 158,969 78 •10,000 00 9,836 30 ' Feb. 1 . 256,240 45 •1 - • -24,931,36 ^ ',12,958 58 47,357,649 57 15,596,554 16 1,370,089 T9 . - Jan. 5 34,625,621 22 17,183,117 82 2,979;529 32 1835.] 671 SECRETARY OF THE.TREASURY. No. 2. selected banks near ihe.1st of January, i.S35. Due from banks. Notes of other • banks., Specie. ^ •S90,425 71 , 100,763 58 12,314 15 125,396 43 156,960 27 85,81§'^12 ; 508 10, 810,537 8,561 2,019 114,250 .181,377 7,598 13,329 S"22,I73 65. 10,388 26 V 8,619 06 124^614 82 117,304-0'3 14,072 49 10,000 00 Foreign exchange. - 21,047 13 - 602,122 20 478,755 53 847,807 34 • 137,634 12' ' 63,306 90 149,605 07 131,994 72 592,281 43 ^ 273,787 20 . 212,859 85 62,084 05 1,265,121.89 155,449 46' ;229,556 44 ^194,232 18 115,650 06. 135,978 00 128,772 11 00 71 73 00 21 00 V 98 • 15,987 74 8,000 49 299,834 36 1;507,461 57 782,717 57 414,106 31 . '926,967 32 ' 569,t)58.08 218,596 63 -' 2.78,035 77 .22,755.00 ' 61,162 68 125V894 60 110,942 74 230,571 "24 " 220,778 29. 199,763.91 • .586,834-48 • .24,625 00 ; 135,709 86 371,583 77 74,915 00 232,181 94 : 286,868 57 147,647 00 • 423,658 26 494,398 71 179,310 00 99,044,00 " 75,655 47 '50,660 03 .'89,59b 15 176,143 73 94,041 00 83,325 00 36,319 29' 125,773 18270,897 48• 67,442 30 , 61,475 00 94,107 61 •. ' 13,714 00 56,061 19 55:141 55 -120;496 61 14,640 00 27,095 OL, 6,652,289 56 4,060,463 45-' 6,864-,925 46 4,609,973 76' 1,506,200 60 15,708 ,'369-35. Expenses. "« • • S888 85 27 62 _ ' -; , _ ' ,,. _. " _ . . ,^ . ^ • --' V' ' '' - N - ._ - . •- • " • • _ _ • • ^ '': ' " • - • • S59,497 96 ,909-58 ', ' ' • " 9,538 2,272 363 1,824 24 44 75 74 951 59 . . ,3,865 69 _ • _ , - Other investments. 1,608 7,979 . '12,575 434 - 291 14 42 65 13 74 _ • ., \4i^24.,889 295,236 46,026 87,370 , 45,244 26^,400 .52 90 80 64 06 00 ^2,812 26 • 1Q5,000 00 1,771 00 • '3,824 20 150 00 41,223,74 . 5,25.1 47 10:769 88 3,053 11 1,442:58 _ 349,395 45 191 50 '1,389,263 88 17,613, 34 353,972 46 . 1,717-37 , 445,74138 _ -.-. . .^' • • • - • ' •.!_ 1,620 79 , . 1,090 96 ; 5,198 70. .64,100 OO 105 73 1,048 18 5,719 53 ' 451,026 73 85,108'35 2,904,039 89 132,297' 10 '38,834 "31 1,942,983 20 •- . 672 REPORTS OF THE , [1835. TABLE H No. 2— Public deposites. • ^ BANKS. ., • ' Date. Capital. ^ / Maine Bank, Portland Commercial Bank, Portsmouth Merchants' Bank, Salem- Commonwealth Bank, Boston Merchants'. Bank, BostonBurlington Bank,- Burlington ' Arcade Bank, Providence , Farmers and Mechanics' Bank,. .Hartford ' ^ Bankof America, New York Manhattan Company, New York Mechanics' Bank, New-York' • -, Girard Bank, Philadelphia . Moyam'ensing Banli, Philadelphia •' Union B'k of Maryland, Baltimore Bank of the Metropolis, Washing'n • Bank of Virginia, Virginia • / Planters'Bank, Savannah ^ /, Bank of Augusta, Augusta Planters' Bank, Natchez Branch Bank oLAlabama, Mobile Union Barik of Louisiana, N. 0 . • Commercial Bank, New Orleans Union Bank, Nashville " - , Met-chants & Manufacturers' :B'k, Pittsburg ; - . Commercial Bank,"Ciricinnati , -' Franklin Bank, Cincinnati Louisville Savings Institurion, Louisville - ' -Bank of Michigan, Detroit • Farmers and Mechanics' Bank, Detroit" -, • - . -. . - Note.—IJmted States Bank 1835. Feb. 14 8155,000 00 Feb. 16' 100,000 00 Feb. 13 400,000 00 Feb. 16 500,000 00 Feb. 14 •^ 750; 000 00' Feb. 5 102,000 00 Jan. 31 200,000'00 Feb.- 2 Feb. 12 Feb. 14 Feb. 14 Feb. 14 Feb. 10 Feb. 9 Feb. 16. Jan. 1 Feb. 10 Feb. 10 Jan. 26 Feb. .'2 Jan. 31 Jan. 31 Feb. 2 Treasurer of Public officers. U. States. • V 8155,720 04 821,800 24 ^ 90)391 51 21,260 43 ' 5 , 9 5 5 05 2,922 64 248,789 52 - 85,382 92 182,419 28 , 6,073 36 34,925 -82 _ . "' 47,961 99 2,146 20 299,900 00 •29,'406 60 . .,5,905 8§ 2,001,200 00 1,097,710 79 133,339 95 2,050,0.00 00 . ^38,418 60 _ ;2,000,000 00786,273 90 77,435 76 1,500,000 00 562,066 62 79 ,-427 .30 125,000 00 ' 128,614.31 13,877 72 1,844,287 50 . 353,631 19 ' 17,157 31 •500,000 00 ; 441,480 57, . 177,661 30 2,740,000 00 32,409 03 • 535,400 00 34,414 03 , ' 19r230 45 600,^000 00 9,370 88 3,899,862 14 - 998,064 42 16,002 00 ,2,000";000 o6 1;020,515 48 29,185 00 5,792,.000 00 \ 555,187 48 31,144 43 1,822,650 00 366,910 33 49,908 73 1,753,367 47 - 158,346 44 ,15,506 95 • Feb. 4 Feb. 14 Feb. 7 598,730 00 1,000,000 00 1,000,000 00 Feb. 11 . 58,266 00" Jan. 31 ^ . 400,000 00 ^ 20,534"85 "287,362 88 ' 376,283 87 54,344 08 133,618 40 194,989 26 22,956 68 83,135 92 12;447 67 ;. 1 • Feb: 1 119,540 00 149,814 07 2,656 27 34,847-203 11 '9,342,187 21 980,907-17 Jan. 5 35,000,000 00 - 431,248,63 1,214,174 61 Notes.—The Merchants' Bank of Salem was not a recently selected bank. It had been em-' ployed for a number of years by the Treasury. Departmeht. It had not executed the agreement'signed by the others; but as its transactions were extensive, and as it made regular returns, it was included with the selected banks. / ^ ; • The Mechanics' Bank, at New Haven; -the-Newport Bank, at Newport; lhe New London Bank, at New London;, the Bank of Middletown, at Middletown; the Bank of Bristol, at, Bristol; and the Farmers and Mechanics'Bank,"at Albany, had been employed by the Treasury Department for some years past. They had not then signed the agreement required from the selected banks, and hence were not included with them in the above table. 1S35.] 673 SECRETARY OF THE TREASURY. Continued. - Diie \o banks. •88,247 1,39.0 .5.940 178,475 277,791 13 20 29 37 02 Contingent' ' .iund. 810,000 00 2,544 66 8,118.01 50,306 94, " :18,351 22 1,658,748 38 160,119 70 21,626 81 ,229,832 43 ,233,293 93 1,447,719 85 138,495'72 16,094 99 180,97o 94 164,369 95 58.; 972 99 ^ 143,, 975 21 10,000 00 46,715 06 20,729 49 15,342 37 9,222 05 42,974 33 • 98,074^33 13,654'04 179,9.69 48 19'01 Circulation. $7,000 10 856,496 • ^2,573 .57 65,851 12,057 ,38 • 32.907 ' 19,-301 52 ',1641571 " 35,140/00 320,052 • 10,694 98 1 73,458 2,309''73 ^ 33,03*6 .7,526 32 227,141 71 32,119 60 356,979'72 65,297 35 .4,531 83 ]<i8,726 59 45,276 96 • '8,114 35 91,725 60 115;, 781 56 . 85,.375 66 146,267.50 471j87l 74 . 36,213 46 ,23,367 95 • ' 7 3 8 , 0 8 6 GO 1,570,9:20.07' 624,093 06 -3,871 04 129,631 69 . 82,678 60 Profit and loss and discount and inierest. Private depo- Other liabilisites. ties. 00 •849,969 01 • '81,477 46 00 -. 31,533 63 • 600 50 00 • 58,04006 282 00. • ,98 50 00 2:30,457 45 581 00 00 278', 411 86 00 • 39:646 20 - 579 84 6,679 88 00 33,824 •67- 128,287^00 328,43'8 00 . 300,391^84 602,909 00 324,780 00 80,390-00 142,902 00 226,786 91 2,9.84,895 00 - 429 ;6'H 00 ^ 930,477"57 1,785,303 35 1,289,420 00 1,149,825 00 ' 378^123 83 2,244,831 73. 29,697--04 1,028,702 47 l;824,144-44 1,848,026''67. ' •506,732"-.39 124,677 54 • 696,023^70 280,324 16 920 00 198,786 89 23l,20a'24 80,167 04 3,129 06 312 91 20,505 49 1,598,-653 82 ^ 68,687 81 195,843 46 -.2,836 00 ' 270,107 01 163,619 67 895,833.56 7,396 87 • 417,828 69' 543,141 32 •L,017,765-72 46,857 96 /; 219,134 69 50,561 00 243,267 71 122,750 54' . '3,152 50 322,990 00 103,927 11 •5,264 64 302,474 (0 , 455,573 CO . £84,537 66 • 2,187 50 " 40-,085 00 10,984 11 232,956 00 39,865 80 146,124 31 509'86 12,018 86 '1V27I 62 4,600 00 '5,802^ 05 : 134.228 00 • ,45,690'21 50 7,965,067.-01 ;'3,119,172 33 ;;. 1,.868 94. 659,362 66' 1,988,354 07 15,521,997 23 12,661,540 98 1,439,663 50 2,'065^4-55 35 •3,4701896 30 17,339,797 90 , RECAPITULATION. Loans a,nd discounts .Domestic bills of exchange Real estate Due from banks.. ,- Notes of other banks Specie . -. . - , Foreign exchange Expenses Other investments '" - -847,357,649 - 15,596,554 .. 1.370,089 r 6,65^,289 - 4,060,463 - 6,864,925 - . 451,026 85,108 - 2,904,039 57 16 19 56 45 46 73 35 89 r,,844,798 49 4,500,214 80 . . . .. Capital • . - Public deposites: ' Treasurer of the U. States Public officers r Due to banks :- • - Contingent fund Profit & loss, disc't & interest Circulation -^ Private deposites - . Other liabilities - 834,847,203 11 9,342,187 980,907 7,965,067 ' 659,362 1,988,354 15,521,997 12,661,540 1,439,663 21 17 01 66 07 23 98 50 Note.—The sum actually due to banks is but 86,591,536' 54, lhe (Jnion Bank of Louisiana having credited to its. corresponding bank in New York the checks drawn upon it to the amount of 81,373,530 47, without having charged to it the domestic and foreign exchange sent there to provide the funds to^meet the checks. ~ ' VOL. 1 1 1 . - 4 3 674 REPORTS OP THE [1835. H— TABLE shoicing the condition of the selected banks, according to the BANKS. Date. M a i n e B a n k , ' P o r t l a n d ' - , .- Commercial; Bank, Portsmouth Commonwealth Bank, Boston Merchants' Bank, Boston Bank of Burlington, Burlington A r c a d e Bank, Providence - , . ;-, FarmeiT'S arid Mechanics' Bank, Hanford -' ' B a n k of America, N e w Y o r k ••M a n h a t t a n Company, 'New Y o r k Mechanics'.Bank, N e w - Y o r k , , G i r a r d Bank, Philadelphia Moyamensing Bank, PhiladelphiaU n i o n ' B a n k of Mdr3.'land,, Balti-, more .- . -• , - . ' -^ Bank of the, Metropolis, ' W a s h / ^ ington • •- -' •Banksof Virginia and branches. - Planters' Bank.of.G.eprgia, Savannah B a n k o f Augusta, A u g u s t a ; • Planters' Bank, Natchez - . •' B r a n c h Bank.of Alabama, Mobile U n i o n Bank of Louisiana, N . ©.-Commercial B a n k , N y w Orleans Union Bank, Nashville . M e r c h a n t s and Manufacturers'B'k, Pittsburg. - •'• 'T '•.' ••:-• Commercial Bank, Cincirinati Do. .' agency, St. Louis F r a n k l i n Bank, Cincinnati • . Louisville Savings Institutiori,Louisville . ' '. B a n k of Michigan, Detroit Farmers and/Mechanics' Bank,, Detroit : . Mechanics and F a r m e r s ' Bank, Albany • ' ,- '' ^Clinton.Bank, Columbus - ' .Bank bf State of North Carblina • -. Planters .and Mechanics' Bank, Charleston - ' , T Slate B a n k of Indiana and branches Loans' and discounts. Domestic ex-, change. Nov,2l , " -23 " 16 '.' 14 <." 12 " 1 4 ' 8299,589 243,588 . 919,025 616,119 • 119,888 237;301 26 61 46 81 95 50 ^ 8.28,526-00 51,781 84 64,159 55 '883,423 3 1 145,633 13 ' 117,023 23 Dec. Nov. " ". " ." . 382,337 80 4,627,313 56 4,401,184 55 4,663,429 81 3,650,692M3 ,628,684- 11 262;.'339 98^ 456,125 06 B a n k of the United States.. . ._ _ Dec. ' 1 Nov. 14 •'' 1 7 . '; 17 Oct. 29 Nov. 9 .." 16 " 18 u: y '^- 2 5 ' ; " 14 " 14 u • 14 - " " 1,065,-776. 96 4,733,536.04 652,118 22 691,717 14 4,646,619-^57. 3,6l2,737-40 7,914,317 99 2,128,174 55 1,313,332 98 1,416,055 1^,196,356 . 4.50,070 1,309,587 175,055 49 • 933,940 17 ." ^^ 400,372 03 .. Nov.20 •1,058,264,96 ^Oct. 3 1 1,250,718 82 • ' - _ • . _ 15,560 ;' 65,248 .331,727 70,569 OO 62 87 90 - 15,891 78 - ^276,931 68 15,8,126.66 145,7013 2,241,639 46 . ^48,283 9 1 ' 602,363 51 3,090,074 39 684,531"77 . • 8:34,ill6 55 ^ . 5 9 8 , 1 5 9 39'. ' 2,355,017 53 • . . , _ r 8500 00 _; • "26;, 380 .305,798 24„285 39; 127. 127,148 73,194 413,632 101,243 37,602 82 13 20 50 15'• 73 63 76 04 13,727 07 _ 35,758 33 40,138 352 1 ^ 4 1 5 05 10,000 00 8,50'8 .07 78,370^^60 13,214 22 •Oct. 31 798,62^^74 - 121,745 83 Nov.14 . 574,100 67 ' 1,515 00 Oct. 24 1,975,-895 62 .197,849 89 ' : 79 , 533,831 15 573,488 47 05 54 J84,343'.8828 : 487,233 87 11 15 ^ • 715^368 53 " .30.^ 3,497,532 31 . Aggregate - " >^ - ' ,1 16 16 16 21 17 Real estate. " 30,000 00 5'GOO 00 ..:- .24,368 45 . ' 307,498 52 , . 2 5 , 2 5 0 00 ' 12,609 53 296,922 27- , 62,584-5065 17 16,642.332 87 - 1 , 6 8 4 , 4 7 3 46 Nov. 3 39,676,004 83 1^,853,041^39 : '• c 2,833,957 93 • ,, ' ' 1835.] SECRETARY OF THE TREASURY. .675 No. 3. retnrns made tothe Treasury Department, near .December 1, 1835. Due from banks.^ ' Notes of other " banks. Specie. •S124,6.25'74 ' t25:,028 .60• S23,150 60 .7,78S33• - .- 12,348-39 • 136,789 '67 , 228,459 50' '.377,526 00; !,191,688-16. 355,134 79 ' f231,488 58 273,114 41 . 4,270 00 ' 8,168,24 . • 73,573 28 5,086. .00 , ,42,615 22 .1,530,29 Foreign ex' ichange. • - . / • - • .$10.87 N 71 11 6,26l'^62 Other invest. ments. ." .' - 690 30 ^2,157 20 .53,051 09 ^ 11,269 17 . .14,502.35. ,950,166-37 • 658,979 09 722,42511 954,477 24 .969,872 53 > 733,081 30• 851,975 ob . 986., 101 94 1,344,128 02 609,900.14 314,081 18 : 682,622" 6 L 126,960-71 45,985.05 . ' . 107,804 72 119,683 32 •••'•247,244^80 Expenses.' ' 160 00, 16,620 98- : 'y',- 28:2,396.35 - -• P79,548 01 38,443 44 . -8:, 893 70 ' • 34,803 4 7 ' 57,935,40 3,838.81' 6,758 40 ^ 1,173 67 -3,209 02 192,537 54. 76,2.11 23 .< 323,274 35 687;526 31' .$44,773 90. : 22,332 33 . ^ -116,181.56 277,722 91 •1,148,803.09.. •4,340 78 3,699 91 252,701 29 • 18,825.00 - 272,364 79 1,053 00 .130,173 86 ,105.., 549 25 ' .361,558 70 386,771 20 300,239 75 •> 24,559 91 .162,000 00 83,533 90 443,618 16 . 99,616 01 2,185'31 V 1,442 58 91,020 43 411,251 53 ' 45,854 94 - .^ 9,204'48 ". 452,429 61 ..167,955-00 1,807,800 00 211,120 OL 135,115 72 ' 21,'242 28 313,501 03 '61,615 00 128,196 09 V 352,695 29 ,J22,750:86 V "7,167 72. 5,505:06 '163', 813 77' 220', 922.88 ^49,181-27 , 103,848 bo 101,289 81. -401,088 00 106,''708 35 79,89400 ,50,228 54. <-^35,.535. 00 ^ .1,021,796 48' 27,592 00 ,453,564 30 254,8.50 33 ' 100,379 36 114,749 21 245,540 71 .172,022'74 , ./, 68,844 68 55,984 48 '- -^ . - 96 .39 3,170 48 •3,218-77 3,205 09 . • 40,165 97 557,641 31 /4,039.56 3,166 10 1,073 43 J 3,557 76, 6,012 90 N :. 443,191 9 1 . . 398,261.00 . - - 38,.746 69 . .210,393 5a 159,793 36 : .109T871"97 307,j780 22 251,^4^ 01 .(9.6,644 50 371,154 78 ' '845,-334 50 283,069 00 432,6l'7 97 -11,202,644 01 •8,359,529 70 3,514,564 18 1,905 07 - 4,8'43 84 .46,173 37 • 4,808 16.' 4,894 98 405,127 75 • .341,756 .67 698,003 69- ;- 9,597,968 94 90,628 84 168,443 44 4,058,261 65 74,472 08-" 201,595 73 782,751 00 2,349,808 09 10,224,675 57 110,978.18 -- - [1835. REPORTS OF THE •676 TABLE H No. 3 Date. • BANKS Capital. Deposites of I)eposites of Treasurer U. S. public officers.. ' '. A Maine Bank, Portland Nov.21 S155,,000 00 S38,313 47 S200,637 86 Commercial Bank, Portsmouth ". 23' 102,000 00 > 129,037 51 61,758 38. Commonwealth Bank, Boston "- 16 500,000 00 815,964 98 101,739 23 Merchants'Bank, .Boston - . '"'• 14 750,000 00 782,022:43 • 29,446 44 Bank of Burlington,.Burlington " 12 102,000 00 50,017 09 Arcade Bank, Providence - ; - .''•' 14 200,000 00 -105; 09^7 05' 13.,833>60 Farmers and Mechanics' Bank,' Hartford - , . . " - Dec. 1 387,396 00 ' 72,^266 73 - 28;452 31 Bank of America, New. York \ - Nov. 16 2,001,200 00 2,744,662 i l 454,550 28 Manhattan. Company, New York "^ 16 2,050,000 00 .2,648,277 42 84,8.26 72 Mechanics'Batik, New York v " '16 .2,-000,000 00 2,620,811 04 ' 156,748 93 Girard Bank, Philadelphia " 21 . 1,500,000 00, 1,922,47L44 < 7i;812 65. Moyamensing ;Bank, Philadelphia u 17 . 125,000 00 340,09209- ' 68,647 95 Union Bank of Maiyland,'Baltimore - "• 30 17844,362 00 1,116,371 55 100,784 53 Bank ofthe Metropolis,^ Washington Dec. 1. . 500,000 00 246 ,'324 62 ' 247,15120 Bank of Virginia and branches \-^. Ndv. 14 •3,240,000'00 163,920 71 118,549 91 Planters' Bank of Georgia, Savann'h ",- 17535,400 00 85,195 94 ;. 12,284 78 Bank of Augusta, Augusta ' '.u 17 600,000 00 43,.399 9'5, Planters' Bank • Natchez - - ' - Oct. 29' 4,093,982 41 1,.526,838 24 4,337 63 Branch.Bank of Alabama, Mobile Nov. 9 2,000,000 00 943,180 19 80,110 87 Union Bank of Louis,iana, N. 0. " 16 6,925,000 00 499,324 07 .83,020\54 U ^ I Q . 2', 193,725 00 Commercial Bank, New Orleans • 504,478 45 .34,707 57 ' " ' 9s Union Bank, Nashville 1,806,870 OQ. ' 74,447'50 ; 18,172 63 Merchants and Manufacturers' B'k, I^itt,sbufg•'- ;• ' , " 25 599,550 00 •175,812 43. 66,999 47 Commercial Bank, pincinnati ' -• • " 14 1,000,000 00 747,544 06 40,5i7 73 ' ' Do'. , . agency, ^t. Louis . " 14 .994,897 87 • 78',204 55 Frank!in^Bank, Cincinnati . " 14 1,000,ooo;00 139,893 19 22,853 61 Louisville Savings Institution, Louisville - • . - .. • '- . ' ", -11 68,172'00. ., 115,724 31 18,849 56 Bank of Michigan, Detroit > " 15 444,200 00 '863;601.89, '^ 77,478 97^ Farmers and Mechanics' Bank, De-. troit ' , - .. -: ' '' 15 150,000,00 . '689,538 29 13,956 93 Mechanics and Farmers' Bank, Al\ bany ' - . • - ' : - Oct.'31 442,000 00 , 148,073 27 . 69,462 00 Clinton Bank, Columbus - Nov.14 / 252,125 00 295,398 81 .. 33,945 47 Bank of State of North Carolina - Oct. 24 1,096,600 00 , 27.v802,70 ' .-_ Planters and . Mechanics'' Bank Charleston ^ Nov. 20 1,OOO,000 00 143,883^56 . - 20,263 91. State Bankof Indiana and branches Oct. 31 815,000 00 484,326 94 11,27(3 94 • • ^ ' , ' - N Aggregate •- . - , ' - . . 40,4^9,532^41 22,352,323 33 Bank of the United Slates - • . - .Nov., 3 35,000,000 00 ' [ 3,927 29 2,371,866 71. 584,537 19 1835.] SECRETARY OF THE TREASURY.. 677 —Continued. Contingent fund. Due to banks. $6 289 22 185 14 146 843 ,60 • 260- 120 09 I'rivate deposites. 84' / 62 ' 69 39 , 22 99. • p i , 421 65 . 40,470 30 .. 50 030 89 .-.250,102 89 • 58,592 77 • • 30,936^64 •' $3,769 6 589 9,215 44 070 11 723 '• , .9,308 Sl 1,000 00 7,000 OD .68 350 66 • 7,595 16 Profit and loss, Circulation.' discount and . ^•interest. -; ' #75,493 100,965 152,349 203 796 129,531 39,042 00' 00 00 ' 00 00 00. , ;.5 313 10 '- ~: 2,00000" . ' 5 085 57 ,.'110,618 00' 897,-173 99' . 354 200 56 477,075 00 - '• 27 774 49 452,677 94• 291,977 4S 1,077,4:53 68 :^ 488,355 33 761,298 00 661 270 00 1,138 905 8S 91 860 10 . 21,409 43 74,394 28" 1,21011 123 875 00 . 184,087-OS '•' 93,-004 04 166,3:63-89 ., 262,602 00 -202,631 18 / 67,532 74 281,102 55 182 436 34 3',861,390 00 - 286,285 69 - 400,000 00' •-•92,736 35 22,333 86 216,934 00 ,78,220 72.. • 108,438 61 748,371 13 / •80,327 95' 301,847 15 • 532,389 45 .1,744,182 84 ,.321,255 10 . 12,920 17 1,151,555 50 724,324 i37 ' 1,394,375 00 620,747 73 • .138,519 32 . 94,137 55- '343,207 30. • '75,273 24-. - 75,085 78 .1,840,300 00^^ ' i_ • • ' 750,457 •"'-1^7,096 42,920 ; 211,043 21 39 16 71 • ' ' • • . ^, - ' ' , " ~ • ' _ , • 603,46^5 00 85' 71 •1 540,221 00 65 .-' ^ 49 439'345 OO ' . • 47 .5,27 68' 272,598.41 59,711 54 562,342 00. 272,474 01 '92 855 52 140 00 167,442;41 ' , 257,183 ,00 18', 987 53 372.504 00 -. • 56-,g72 91^ 1,303;140^00 127,637 04 ,52,511 91 ,-269 ,.608 07 170,632 70 - 18,536 06 ' • 11,311 41 •25,616,00 150,211 14 256,160 62 450,360 65 50,819"16 3^,691 31 27,183 00 ,6,063 47 25,360-81 . . 2,807 85 ' 92,007 34 171,191 01 45,689 84 24,752 00 ~ . 3,745 73 :. 6,634 02 • 327 69 45 43 04 64, . _ ' 25,489 83 955,557 52 1,702,061 8V 809,575.02 598,21-7 40 19.2,20b 02 814,463^91 289,225 00 1,325,731 08 • 222,202 04 325,389-31 467,158 01 243,163.94^ 1.060,209-77 . .210,577 39 . 399,427 71 • 25,242 . 48,453 10,003 00 -.- 15,267 50,176 12 - 43,246 10,9^7 04 ^ ' ' S362-00 361 00 1,372 00 • . 859 82 ' • 559,121 93 . •:a7„106 88 • 87,118 07187,253 94 .424,328,30 \ . ' , >^ -6,872.67 , . ,• 28,482 73 . \ 15,52188.. . 5,^782'55. ' \ .Other liabilities. 880,630 00 38,776 27 42,302 19. 1,422,835 01 ' 174,510 80 17,593 83 200 138 258 290 116 538 301 353 664 00 • 63,454 15 . 335,911 24 ^ 15,700 12 32a,40T94 8,726,176 16: 1 1,014,673 31 -3,446,038 15 21,786,149 27 12,-501,602 33 1,670,823 57 2,828,993 84 1,902,376 OL ,4,977,936 45 23,031,667 66 5,406,962 64 2,259,300 80 REC'APITULATION OF DEPOSITE BANKS. Discounts and loans Domestic exchange Real estate Due from banks Notes of other banks Specie - ^ "" Foreign exchange . Expenses .' Other investments - ' - . - $40,479,582 41 - - .$.62,584,065 17 Capital - 16,-642,332 87 Trea.surer ofthe U. States - 22,352,323 33 - 1,684,473 46 .Public officers - . - 2,371,868 71 - 11,202,644 01 Due to banks - 8,726,176 16 - 8,359,-529 70 Contingent fund - 1,014,673 31 - 9,597,968 94 , Profit and loss, &c. - 3,446,038 15 90,628 84 Circulation \-, - 21,786,149 27 168,443 44 Private deposites - 12,501,602 33 - 4,058,261 65 Other liabilities - 1,670,823 57 Diffi^rence .. 39,112 84 \.- il4,388,348~08, BL. 114,388,348 03 678 ' R E P O R T S ' O F T H E SECEETARY, &c. . . [1S35. • 'I- Circular io all collecting and receiving ofiicers. ' April 6, 1835. It is niiderstbod that the instructions.from this departihent, ta receive for the pabhc dues only such State bank notes as'the deposite banks are willing to credit at par, have been construed to authorize the receipt of such notes of any, denomination. The undefsigned considers it highly beneficial to the currency of the country, and the safety of the banking agents employed in keeping the public revenue, 'that-the more general use of specie for the small aiid ordinary transactions of society should be encouraged ; and as the disuse of bank notes of ,a low denpmination is herieved to be the surest'method to effect that object, and as the acts of Congress do notexp'ressly require the receipt of any such notes, if less in amount than five.dollars, you are hereby directed, after.the 30th day of Noviember next, not to receive in paynient of any public dues, bank notes of any denomination less thaii five dollars. ^ . '.' ' • .. ; ' . . , You are also, apprized that it is in contemplation, by this department^ after the 3d of March, 1836,'(should Congfess in the mean time make no liew provision on" the subject5)4o exercise the discretionary powers which it is supposed will then.belong to it,, over the receipt of paper money of any denomiiiation for the pubhc reveribe, and to extend the restriction on ,the receipt of bank notes for it, to all of a less denomination than-ten dollars. For th (^'.greater security of the banking institutions,emplpyed by the Treasury, and for the improvement of the curreniey by the -fuller restoration of that specie circulation for common purposes", which seems to have been contemplated by the constitution^ itis intended then to make arrangements^ if practicable, to discontinue'tlie use .of any bank as a fiscal agent, which shall thereafter continue to issue notes of a less denoininatioii thaii five dollars, and Avhich shall, after some subseq-uent period, to be then designated, continue to issue notes of a less denomination than ten dollars, : -The course proposed to be pursued; hereafter on this subject by the Treasury is now indicated/with a view to insure suitable notice of the changes contemplated. ' ' . ' ..^ • ' . ". ^ , ' ^ . ; , . , . _ .. • - - \ \ : , . LE.YI • WOODBURY,. • -• ' . ^ ' ^Secretary ofi the Treasimy. \ TREASURY DEPARTMENT, INDEX TO REPORTS O F ' T H E . S E C R E T A R Y OF T H E TREASURY ON T H E FINANCES, THE PUBLIC DEPOSITEE, AND THE CURRENCY UNITED STATES, FROM 1829 TO 1836, INCLUSIVE. OF THE •A. Page Appraisement of goods under the act of 28th May, 1830.—Difficulties existing in-the 91 Appraisement of goods be made at value,in the place of importation, and not by foreign invoice.—Recommendation that the 94 Appraisers of imported goods, arid suggesting an additional appointment in New York.—Remarks on the arduous duties of 12 Appropriations unexpended at the close of 1829, and applicable to 1830 6 unexpended at the close of 183Q, and applicable to 1831 ' ' • 86,87,89 unexpended at the close of 1831, and applicable to 1832 ^ 218,219 unexpended at the close of 1832, and applicable to 1833 ' - \ 284 unexpended at the close of 1833, and applicable to 1834 379 unexpended at the close of 1834, and applicable to 1835 464 unexpended at the close of 1835, and applicable to 1836 , ' 628 unexpended at the close of 1836, and .applicable to 1837 681 for various public objects on the payment of the public, debt.—Recommending 226 by . legalizing the seizure, by the Bank United States of funds in its own hands.—The Secretary of the Treasury complains of-a probable undue exercise of power by the Judiciary, instead of Congress and the Executive, to make 470 by Congress greatly exceeding the estimates, and the necessity ftom this cause for larger surplus on the 1st January of each year.—Remarks o f Secretary of the Treasury on the effect of 473 766 INDEX. Page. Appropriations in doubtful- cases of constitutional right in the 474 General Government.—Remarks on expenditures and collections in each State in 608 1834.—Statement of the receipts and expenditures forl833,1834, and 1835. 654 —Statement of the estimates Army, more desirable as regards the regulation of the tariff for revenue.—A fixed amount for the ordinary peace establishment .472 of the Attorney General on me claims of the Bank of the United States, fir damages on protested bill of exchange on France—Opinion of the 508, 513 on [the seizure of the dividends/on stock of united States in Bank of United States, to pay damages, &c. on said protested bill of exchange on France—Opinion of the 517 Attorneys and marshals, and Custom-house and land officers.—Provision of law necjessary to compel the surrender of books and papers by . 12 Attorneys and customhouse officers.—Relative to dividing com12 missions for compensation of Attorneys.—Propriety of requiring bonds from: district 700 Austria,at different periods.—Currency;of 617 B. Balances in the Treasury, on 1st January, 1828 5 1829' 5,85' 1830 85,217 1831 217,283 1832 283, 377 1833 377, 463 1834 463, 627 ,1835 627, 679 1836 ' 679 Balance, on estimate, in Treasury, on 1st January, 1837 680 Balance in Treasury on 1st January of each year.—Remarks on the effect of appropriations by Congress greatly exceeding the estimates, and. the .necessity from this cause of a larger 473 Balance expected to be in the Treasury on Jam 1,1830.—Estimated 6 1831, do. 10,86 1832, do. 218 1833, do. 284 1834, do. 378 1835, do. 464 1836, do. 628 1837, do. 682 Bank United States.—Dividends on stock of the, for 1828 5; 1829 85 1830 217 1831 283 INDEX. .767 Page. 377 Bank United States.—Dividends on stock of the, for 1832 1833 463 1834 627 1835, 679 first three quarters of 1836 679 in 1829.—General remarks on subject of the bank and stock in the 9 in 1831.—General remarks on subject of the bank and stock in the 223 in 1832.—General remarks on subject, of the bank and stock in the 294 in 1833.—General remarks on subject of the bank and stock in the 337, 384 in 1834—General remarks on subject of the bank and stock in the 451,468, 557 in 1835.—General remarks on subject of the bank and stock in. the 647 in 1836.—General remarks on subject of the bank and stock in the 685 to the payment of the public debt by 3d March, 1833.---Application of thestopk in the 222 Statement .of advantages in the fiscal operations of the. Government, by the agency, and recommending a renewal of the charter of the 223 regarded as an object of great importance, as concerns the Treasures of the Government and the currency of the country.—The 234 in paving part of the public debt.—Agency of the 294 and placing them in State banks.—Reasons of the Secretary of the Treasury, on 3d December, 1833, for removing the deposites of, the public money from the <337 Docurnenh transmitted with said report viz ; A.—Report of the Government directors, Bank United States, 22d April, 1833 \ 357 B.—Report of the Government directors: Bank United States, 19th August, $33 ' 364 C.—Instructions to the collector at Philadelphia, 26th September, 1833 * 368 D.—Letter selecting the (krard Bank of Philadelphia as a depository of public mone^ 26th September, 1833 369 Note.-r-Similar letters to Commonwealth Bank, and the Merchants' Bank, at Boston; the Manhattan Company, Mechanics' Bank, and Bank of America, at the city of New York ; and Union Bank of Maryland, at Baltimore 369 E.—Letter to United States Bank at Philadelphia, to deliver to collector of the customs there, all duty bonds to United States payable on and after 1st October, 1833 369 Note.—Similar letters were addressed to the offices of the Bank of the United States, at Boston, New York, and Baltimore 369 768 INDEX. F.-^-Letter from c ollector, Philadelphia, transmitting contract executed by the; Girard Bank G.—Contract exe> Mited by the Girard Bank Note.—Similar contracts were executed by the Commonwealth Bank, a nd .Merchants' Bank, of Boston'; the Manhattan Company, Mechanics' Bank, and Bank of America, at New York Union Bank of Maryland, at Baltimore , Bank of the Metropolis, Washington City'; Bank of Virginia, at Ri<^hmond, for' itself and branch at Norfolk.: Planters' Bank of Georgia, at Savannah, and. the Union Bank of Louisiana, also, Commercial Bank, New Orleans H.—From the pre sident of the. Girard Bank, announcing the execution of the contract I . — T o the Maine Bank, at Portland, selecting that institut i o n s a depository, &c. Note.—Similar.lei ters sent to Commercial Bank, Portsmouth, 'New Hampshire ; branch of Bank of Alabama, at Mobile , Planters' Bank* of Mississippi, at Natchez ; Union Bank of Tennessee, Nashville;. Franklin Bank of Cincinnati, Ohio , Bank ofYirginia at Richmond, branch of Bank of Virginia,• at Norfolk, Bank of the Metropolis, City of Washington, Bank of Burlington, in Vermont; Arcade Bank, Provider]ce, Rhode Island, Farmers and Mechanics' Bank-, at Hartfo: d, Connecticut, Union Bank of Louisiana, and Commercic .1 Bank,-New Orleans K.—Frorn .the pi •esident of Maine Bank, at Portland, with/ contract executed by that bank L,—Contract exe 2U ted by the Maine Bank, at Portland Note.—Similar contracts were executed-by the Commercial' Bank, at Portsmouth, New , Hampshire, Farmers and Mechanics' Bank-of Hartford, Connecticut; Arcane Bank; at. Providence, Rhode Island, and Bank of purlington, Vermont From president of Franklin Bank of Cincinnati, with contract executed by that bank N.—Con tract exe< :u.ted by Franklin Bank 'A Cincinnati Note.—Similar Dntracts were executed by Union' Pank of Tennessee, at Nashville, Planters'- B/nk of Mississippi, at Natchez ; bran h of Bank of Alabama, at .Mobile O.—Regulations of Secretary of the/Treasury approved by the President o:f the United Statesi>r deposites of the public money in selected banks, by disbursing. officers of the Government • p.—Communicatons from Secretary of the Treasury to the Departments of State, War,-and Navy, relative to deposite of public money in the hands, of disbursing agents Bank United- StateSj that this bank was not necessary for tile Government or the pepple ; regulation of de-, positesin State banks, and improvement of the currency.^Reasons of the Secretary of the Treasury, on 15th April, 183'4, for removing the deposites from the Page. 370 370 370 371 372 372 373 373 373 -374 375 375 376 376 .451 INDEX. .769 Page. Bank United States, for seizing upon dividends on stock.to secure the amount of damages on protested bill of exchange for French indemnity.—The Secretary of the Tree^sury corhplains against the ' 468 •Bank United States, opinion of the Attorney General on said seizure 517 Bank United States, for damages on account of the removal of the 'deposites.—Remarks of Secretary of the Treasury relative to demand by the 478 Bank United States, for said damages,—'Opinion of the Attorney General on claim of the 508, 513 Bank United States, for' damages and other costs on the bill of exchange, for the French indemnity, and opinion of Attorney General on same.—Correspondence and statement of charges by the • 509 Bank United States, in 1832, 1833, and 1834,—Amount of domestic exchanges by the branches of the 615 Bank United States—Circular to all receivers of public'money, relative to receipt of checks or drafts,of branches of the 618 Bank United States, in relation to tHe stock owned by the United States therein.—Correspondence between the Secretary of thes Treasury and the 663 Bank United States, near the 1st January, 1835.—Condition of the 670 Bank United States, near the 1st December, 1835.—Condition of the > 674 Bank United States, concerning the- amount due to the United •States on account .of stock held in that bank—Correspondence with the 715 Bank United States, &c,, concerning amount and distribution of the proceeds of its stock.—Report of committee of 717 Bank United States, with estimate of their value on 3d March, v 1836.—Debts and effects of the 719, 733 Bank United States, in relation to delay in furnishing certain information concerning the interest of United! States in that bank and views of the Treasury Department concerning the amount due to the United States,—Letters to the president of the 736 Bank United States.—Letter to C. C, Cambreleng,. H. D. Gilpin, and John White, relative to the same ' 741 Bank is agreeable to the' constitution, and indispensable to the fiscal operations of the Government.—Opinion that the establishment of a national 224 Bank stock owned by the United States.—List of canal and 536 Banks.—Suggestions concerning the payment of interest on deposites in' 478 v Banks as depositories of the ,same, December 12, 1834.—Report from the Secretary ,of the Treasury, stating the present system of keeping and disbursing the public money, and reasons for reinoying the deposites from the Bank United States, and selecting certain State 557 Banks selected as depositories of the public money, on certain terms, to December. 1834,—List of 601 Yol. in.—49 770' INDEX, Page. Banks selected as depositories, and means to meet demands on them.—Condition Jin certain respects, of Banks with that of the Bank of the United States and Bank of England.—Comparison of the condition, as regards circulation, deposite, specie, &c.? of State Banks and, others indebted to the Government, with amounts clue the United States at, the time of failure.—List of old depositeBanks about September .1,1834.—i^mount of domestic exchanges by three of,the selected State Bank paper and specie of the United States and several countries of Europe, at different periods.—Circulation or currency of* Banks incorporated by Congress in the District of Columbia.; when incorporated; when selected as depositories of the Government; when stopped payment, and amount then due to the United States. List of Banks and the cur]'ency, in 1836.—Explanatory remarks concerning the depos te Banks in 1834 arid 1835, &c.—Statement of the condition of the Banks which were selected as depositories near the 1st January, 1835.—Condition of those State Banks which were elected as depositories near the 1st December, 1835.—Condition of those Bank notes >;of a less denomination than five dollars.—Circular to .all coll ecting and receiving officers, with instructions not to receive Banks.—Remarks ojn the keeping of the public money, and state of the deposite Banks and in circul ation in 1833,1834,1835, and 1836.—Specie in Banks near Novemlber 1, 1836.—Condition of the. several deposite Banks near 1st Jim e< and 1st November, 1836„—Recapitulation of accounts of depo site Bank of "^Vooster, a deposite bank,, on 7th November, 1836.—Condition of the Banks of deposite and the Mint, to 1st December, 1836: the amount of drafts 'and warrants issued and unpaid, and amount subject to draft; and the amount of future transfers ordered.—r Amount to the c redit of the Treasurer of the United States in various Banks, relative to excessive bank credits, and encouragement thereby to. speculate on, and monopolize purchases of, public lands.—Circular to deposite Bills of exchange in 1832, 1833, and 1834.—Amount of domestic Bill of exchange, (see French indemnity.)—Protested. Bonds.—Remarks (relative Xo custom-house in 1829 1B30 1831 1832\ 1833 1835 1836 602 602 604 615 616 619 646 664 670 674 678 690 696 746 758 759 760 764 615 9 88 234 . '287 369,381 633 684 INDEX. Bonds from district attorneys.—Propriety of requiring Books and papers by attorneys, marshals, custom-house and land officers.—Provision |of law necessary to compel the surrender of Bounties on vessels employed'in the fisheries.^Remarks on Bounties and allowances to vessels employed >in the' fisheries in 1828.—Amountof ' Bounties and allowances to vessels employed in the fisheries in 1829.—Amountof ' Bounties and allowances to vessels employed.-in the fisheries in. 1830.—Amount of . Bounties and allowances to vessels employed in the fisheries in 183L—Amountof Bounties and allowances to vessels employed in the fisheries in 1832.—Amountof . Bullion imported each ;year from 1821 to 1829, inclusive.—Value of .771 .700 12 12 18 96 236 297 386 128 C. Canada, and other adjacent foreign territories.—Suggestions for regulating importations from Canals to, a proper extent.—Remarks on the propriety of encouraging the construction of roads and Canal and bank stocks held by. the United States in I834.~i-List of Capital.—Considerations regarding the exercise of the money power of the Government to regulate the unequal action of Cash payments and short credits upon the revenue.—Effect of Chickasaw Indians in 1836.—Receipts and expenditures oh account of the Circular to collecting and receiving officers, with instructions not to receive, bank notes of a less denomination than $5 Civil, diplomatic,, and miscellaneous expenditures, (see Expenditures.) Civil, diplomatic, and miscellaneous expenditures for present and ensuing year.-^-Estimate of. (See Estimates.) Clearances.—Amount of passports, and.—(See Passportsc) Coast to the Navy Department, &c.—Remarks on transfer of the survey of the Coasting vessels be applied to vessels coming from adjacent foreign territories.—Recommendation that regulations for Coasting trade to prevent smuggling.—Suggestions for regulating the Coffee imported from 1821 to 1829, inclusive—Quantity and value of Coffee exported from 1821 to 1829, inclusive.—Quantity and value of " €offee imported in 1828.—Quantity and amount of duty.on 1829.—Quantity and amount of duty on 1830.—Quantity and amount of duty on 1831.—Quantity and amount of duty on 1832.—Quantity and amount of duty on 13 233 536 16 381. 681 678 482 13 14 146 193 19 98 238 299 388 772 I- INDEX, Page, Coinage of gold of \ alue of one dollar, and regulations for the Mint.—Remarks concerning icerning the 479 Coinage at the Mint, coins in bank, circulation, &c.—Remarks relative to increase 694 Coins of the value of one dollar, and information relative to coinage at the Mint in 1834.—Recommendation for making gold 479 Coins have upon the duties on imports—Effect that relative and true value of foreij n 94 Coin in 1833-'4—In iportations of gold and silver 620 Collection of duties, ( see Duties.) Collection of duties in 1828.—Expenses of 18 1829.—Expenses of 96 1830.—Expenses of 236 I 1831.—Expenses of 297 1832.—Expenses of 386 Collectors.—(See Custom-house officers.) Collector of the customs'at Philadelphia relative .to deposites.—Instructions to 36.8 Collectors not to recefve bank notes of a less denomination than $>5.-^-Circular to 678 Colleges.—Quantity c f land granted to States, for 662 Commerce with the W est Indies.—Suggestions for improvement of 15 Compensation to custom-house officers.—Relative to inequality, &c. of* 12 wnpensation.—Recommendation that the commissions allowed to collectors on bonds be divided between them and district 12 attorneys as Consumption of impo: ts (see Imports.) 370, 373, 374, 3,75 Contracts made with deposite banks Cordage, (see Duties oH. Cordage in 1829 and 1-830—Amount of\ duties secured on 270 Correspondence of Treasury Department with Bank United States in relation to bill of exchange oh France 505 Correspondence with the Bank United States concerning the amount due the' Un ited States on account of the stock held in that bank 710 Cottons, (see Duties or Cotton recommended for protecting duties 230 Cottons in 1829 and 1830.—Amount of duty secured on 270 Cotton for various periods from 1792 to 1834.—Quantity and value of exports of 659 :Cotton trade.—Remarks upon the importance of the 685 Credit system.—Suggestions of improvement in the mbde of collecting, duties on imports, or 15 Credit.—Remarks on tpe importance of a national bank in maintaining the public 223 Credits on revenue borbds..—Statement of the effect or operation upon the revenue of he act of 1:4th July, 1832, abolishing long 381 Currency of the United[States.—Opinion o f L . McLane,Secretary of theTreasury, in D(jcember, 1831, as to the important agency of a national bank in establishing and preserving the 224, 234 INDEX. .773 PageCurrency, on 15th April, 1834.—Recommendation of R.B. Taney, Secretary of the Treasury, for the establishment of the Currency, on December, 3, 1833.—Recommendation of R. B. Taney, Secretary of the Treasury, for the establishment of the_ Currency.—Remarks of the Secretary of . the Treasury stating present mode of keeping and disbursing the public money, as regards the regulation of our -0 ' Currency, in the United States and several nations of Europe, at different periods.—Circulation in specie and paper, or Currency in 1836.—Explanatory remarks concerning the deposite banks and the Currency of specie, by refusing to receive, on, .the part of the United States, bank notes o.f a less denomination than $5.— Circular to encourage the Currency of the United States.—Remarks on the operations of the Mint and the Custom-house bonds.—(See Bonds.) Custom-house officers.—Relative to inequality, &c. of compensation to ' • Custom-house officers.—Provision of law necessary to compel the surrender of books and papers by attorneys, marshals, land and Custom-house officers.—Remarks concerning the compensation to Customs.—(See Receipts from.) Customs.—Receipts from.—(See Receipts.) Customs.—Estimate of receipts from.—(See Estimates.) Customs for 1836.—Explanations of estimates of receipts from Customs.—Relative to inadequacy of compensation to officers of the ' Cutter service.—Relative to pay of officers in the revenue Cutter service.—Suggestions for thev improvement of the revenue 451 337 573 ,616 646 678 694 12 12 700 631 226 92 481 P. Damages on bill of exchange.—(See-French indemnity,) Debentures.—(See Drawback.) Debt in 1828.—Payments on account of public 5, 32 1829.—Payments on accounit of public - 85. I l l 1830.—Payments on account of public 87, 253 1831.—Payments on account of public 283, 317 1832.—Payments,on account of public 377 1833.—Payments on account of public 463 1834.—Payments on account of public 627 1835.—Payments on account of public • 479 1836.—Payments on account of public 681 Debt on 1st January, 1829.—Amount and description of the funded and unfunded public 7 1830.—Amount and description of the funded and unfunded public 7,43 87 ( 1831.—Amount and description of the funded and unfunded public 87, 122,219 774 INDEX Page. Debt oil 1st January, j.832.—Amount, and description of the fund220,268 ed.and unfunded public f833.—Amount and description of the fund286. 330 ed and unfunded public J.834.—Amount and description of the funded and unfunded public 380,422 |835.—Amount and description_of the funded and. unfunded public 466,. 504 1836.—Amount and description of the funded an$ unfunded public 681 Debt.—Estimates in 1|329, of expenditures for present and ensuing year.on account of the public 6, 10 1830, of expenditures for present and ensuing 86, 89 year on account of the .public 1831, of expenditures for present and ensuing 219, 221 year on account of the public 1|832, of expenditures,for present and ensuing 285,288 year on account of the public l|833, of expenditures for present, and ensuing 379 year on account of the public 1834, of expendituresrfor present and ensuing 465 year on account of the public 1|835, of expenditures for present and ensuing 629 : year on account of the public lp3v6, of expenditures for present and ensuing year on account of the public 681 Debt redeemable in 1829.—Amount of public 7 1530.—Amount of public 8 8 1831.—Amount of public 1832.— Amount of public IS33.—Amount of public 1£34.—Amount of public 1£35.—Amount of public 629 1536.—Amount of public Debt and reduction of duties.—Advantages anticipated from the 17 payment of the publ: c Debt shall be paid.—Relative to .the fiscal operations of the Government when the public 90 Debt, (see Surplus.)—Surplus fund applied to payment of public. Debt on the 3d March, 1833.—Calculation for the total extinguishment of the public 222 Debt.—Remarks concerning the agency of the iBank of the United States in paying part of the public 294 Debt on 1st January, 1.834.—Calculation for the total extinguishment of the public 379 Debt be brought to the seat of Government.—Recommendation tiiat the books and papers relating to the public 384 Debt, and not applied for. on 1st October, 1833.;—Statement of 423 moneys previously dyanced for payment of-the public Debt.—Remarks concerning the final payment of the public 474 Debt, and amount rem lining unpaid on 1st January, 1836.- -Remarks on the final e xtinguishment of the public 62° INDEX. .775 Page. Debt and army land warrants received in payment for the public land.—Amount of certificates of public 661 Debt, funded and unfunded, and its condition in 1836.—Remarks on expenditures on account of the public * . 681 Debtors to United States for duties in 1831.—Recommending relief to insolvent 235 Debtors.—Suggestion, for continuance of act for relief of insolvent 700 Denmark.—Amount of first and second instalments under treaty with , 283 Denmark in Treasury in 1836.—Awards under convention with 714 Deposites from the Bank of the United States, and placing them in State banks, with names of, and instructions to, same.—Reasons of the Secretary of the Treasury, on 3d December, 18333. for removing the' 337 Deposites of the public money in selected banks by disbursing officers of the Government.—Regulations of the Secretary of the Treasury approved by the President of the United States* for 376 Deposites from the Bank of the United States.—Reasons of the Secretary of the Treasury, on 15th April, 1834, for removing the " 451 Deposites in banks.—Suggestions concerning the payment of interest on " 478 Deposite banks and the currency in 1836.—Explanatory remarks concerning the 646 Deposite banks.—Remarks on the keeping of the public money, and state of the 690 Deposite banks near 1st November, 1836.—Condition of the several 746 Deposite, banks near 1st June and 1st November, 1836.—Recapitulation of accounts of 758 Deposite bank, on 7th November, 1836.—Condition of the Bank ofWooster, a ^ ,759 Deposite banks on 1st December, 1836.—Amount to credit of the Treasurer of the United States, <fcc. in the 760Deposite banks to prevent encouragement of monopolies in purchases of public lands by excessive bank credits.—Circular to 764 Deposite banks.—(See Banks.) Depositories for the same.—Report of the Secretary of the Treasury, December, 1834, stating the present system of keeping and disbursing the public money, and reasons for selecting certain banks as • 557 Depositories of the public money in 1834.—List of banks selected as 601 Depositories >of public moneys in the District of Columbia, &c.— List of 619 Diplomatic expenses.—(See Expenditures.) Directors of the Bank of the United States.—Reports of Government 357, 364 Direct tax in Treasury in 1836.—Surplus proceeds of property sold for 714 776 INDEX. District of Columbia; when incorporated;. when selected as depositories of the Gjcovernment: when stopped payment, and amount then due to United States.—List of banks incorporated by Congress in the Dividends on stock of| the Bank of the United States.—(See Receipts from.) Dividends on stock.—(KSee JBank of the United. States.) Drafts of branches of the United States Bank for dues.—Circular to collectors of customs and receivers of public money, relative to receipt of checks or Drawback of duties in 1828.—Debentures for 1829.—Debentures for 1830.—Debentures for1831.—Debentures for 1832.—Debentures for Drawback.—Regulations for storing goods for the benefit of Drawback.—Duties charged on'carriages and horses from adjaM cent foreignoterritories without benefit of Drawback of duties, in 1829.^—Debentures for Drawback on refined sugar in 1829.—Debentures for Duties on imports and tonnage, (see Receipts from customs.)— Amountof. Duties, (see Collection.)—Expenses of collection of. Duties on imports.—Pjan proposed by Mr. Ingham, in 1829, for reduction of Duties on woollen goocjs.—Construction of law relative to calcu. lating the Duties on carriages and horses, without benefit of drawbackTravellers, from adjacent foreign territories to pay Duties,on imports, or the credit system;—Suggestions for improvement in the mode of collecting Duties.—Advantages anticipated from the payment of the public debt and reduction of Duties in 1828 on imports not produced or manufactured in the United States.—Amount of Duties of Great Britain for 18 9 0.—Tariff of Duties of France for 1822.—Tariff of Duties of Russia for 1822.—'Tariff of Duties of Naples for 1824.—Tariff of Duties under tariff acts of 1830.—Reduction in 1831 of Duties, as to retain sufficient for the support of Government and payment of the public debt—Suggestions so to regulate the reduction of Duties, owing to different valuation of goods.—Difficulty in establishing uniformity in the Duties, owing to the difference between the relative and true value of foreign coins.—Inequality in Duties, specific and1 ad valorem, and expenses of collecting same in 1828.—Value and quantity of imports, and amount of Duties, specific and ad valorem, and expenses of collecting same in 1823—Value and quantity of imports, and amount of Page. 619 618 18. 96 236 297 3.86 13 13 96 96 10 11 13 15 17 44 45 61 71 78 89 90 92 94 19 97 INDEX. .777 Duties, specific and ad valorem, and expenses of collecting same -in 1830.—Value and quantity of imports, and amount of 237 Duties, specific and ad valorem, and expenses of collecting same in 1831.—Value and quantity bf imports, and amount of 298 Duties, specific and ad valorem, and expenses of collecting same in 1832.—Value and quantity of imports, and amount of 388 Duties on enumerated articles in 1828.—Quantity and amount of 20 1829. —Gluantity and amount of 98 1830.— Quantity and amount of 238 1831.—Quantity'and amount of 299 1832.-^Quantity and amount of 388 Duties to subserve the wants of the Government after the, payment of the public debt.—Propriety of a revision and alteration of the tariff of 226,229 Duties in 1831.—Amount and prospect of payment of bonds for 234 Duties secured on woollen goods, wool, cottons, iron, hemp, cordage, and su<rar, in 1829 and 1830.—Amount of 269 s Duties to be refunded under act of 14th'July, 1832.—Estimate of 287 Duties to. the wants of the Government.—Suggestions in 1832 for the reduction of 28.8 Duties. -Considerations regarding the execution of the act of 14th July, 1832, for refunding certain 292 Duties under act of 14th July, 1832.—Effect upon the revenue of short credits and cash 381 Duties in 1834.—Opinion that the,revenue would not admit of any reduction of 383 Duties for , protection only should be abandoned.—Suggestions that 384 Duties, and free of duty, in 1S32,1833,1834, and 1835.—Value of exports, and consumption and value of imports paying 655 Duties on imports, so as to reduce them to the wants of the Government.—Suggestions for change of 687 Duty, in each year, from 1821 to 1829, inclusive.—Value and quantity of merchandise free of 124 Duty ad valorem, from 1821 to 1829, inclusive.—Value and quantity of merchandise subject to 129 Duly, specific, from 1821 to 1829, inclusive.—Value and quantity of merchandise subject to / 139 E. Edgar & Macomb, at New York, in 1787.—Amount of stock issued at the Treasury for lands sold to Effective, (see Funds.)—Funds not. Estimated balances, (see Balances.) Estimates of receipts for present year, in, 1829 1830 1831 1832 1833 1834 271 6 86 218 284 378 -464 778' INDEX, Page. Estimates of receipts | for present year, in 1S35. 1836 1 Estimates of receipts for ensuing-- year, in 1829 1830 'I 1831 1832 1833 1834 1835 I1836 Estimates for 1837.—Explanation of the Estimate of expenditiues for present year, in 1829 1830; 1831 1832 1833 1834 1835 1836 Estimates for 1836, wnth suggestions on probable changes, to 1842.—Explanation; of the Estimate of expendituii|es for ensuing year, in 1829 1830 1831 1832 1833 1834 , 1835 '' 1836 Estimates of revenue.4—Considerations connected with receipts from sales of lands ajnd from customs, to be taken into view in future Estimates of revenue, -Remarks relative to the operations of land sales, and reduction of duties under the tariff,'on the Estimates, appropriations, and expenditures, for 1832,-'3,-'4 Estimates of receipts from public lands for 1836.—Explanation of Estimates of receipts as: to customs and lands for 1836.—Difficulties in, Estimates of receipts from miscellaneous sources for 1836.—Explanation of Estimate of expenditures for 1836.—Explanation of the Estimates, appropriations, receipts, and expenditures, for 1833; '4, and '5.—Statement of Europe, at different peiiods.—Circulation in specie arid paper, or currency in the United States and several nations of Europe in 1824.—Curr :ncy of Europe and America ir 1829. -Currency of Exchanges by the branc hes of the Bank of United States in 1832, '3, and '4.—Amount of domestic Expenditures, (see Esti mates of.) Expenditures, including public debt, for 1827 628 679 9,10 88 220 286 380 466 629 682 683 6 86 218 284 378 464 628 679 631 9, 10 88 221 286380 466 629 682 90 470 535 637 639 640 641 654 6f6 617 617 615 5 INI)EX, 779 Page. Expenditures, including- public debt for 1828 5, 27 1829, 85, 105 lflSO ,217,246 1831 283, 310, 377 1832 377= 400,' 535 1833 463,484/535 1834 627 1835 679 three quarters of 1836 703 Expenditures, civil, diplomatic and miscellaneous, for 1828 5, 27 1829 85,'105 1830 217, .246 1831 283,310 1832 377,400 1833 463,484 1834 627 1835 679 Expenditures, civil, miscellaneous, and diplomatic, for three quarters of 1836 703 Expenditures, military service, ihcludingfortifications, ordnance, Indian affairs, pensions, and arming militia, for 1828 5, 28 1829 85,106 1830 217,247 1831 283, 311 1832 377,402 1833 463, 486 1834 627 1835 679 Expenditures, military service, including fortifications, ordnance, Indian affairs, and arming militia, for three quarters of 1836 704 Expenditures, navai service, gradual increase, &c., for 1828 5, 31 1829 85, 110 1830 217,2.52 1831 283,315 1832: 377. 406 1833 463, 493 1834 627 1835 679 Expenditures, naval service, gradual increase, &c., for three quarters of 1836 711 Expenditure on account of the public debt in 1828 5r32 1829, 85, 111 1830 217,253 1831 283, 317 1832 - 377,408 1833 463,494 1834 627 1835 679 Expenditure on account of the public' debt for .three, quarters of 1836 680 Expenditures.—Remarks relative to the powers exercised by the Treasury regarding incidental 11 TSO' INDEX, Page, Expenditu.res for 1832 -'3,-4.-—Estimates, appropriations, and Expenditures in each State in LS34.—Statement of the appropriations, collections, a Lid Expenditures for 1836 -Explanation of the estimate of Expenditures, for 1833 '4,-5.—Statement of estimates, appropriations, receipts, and Expenses of collecting} the revenue, (see Duties.) Exported from 1821 ,o 1829, inclusive.—Quantity and value of foreign merchandise Exported from 1821 tc 1829, inclusive—Total value of foreign merchandise Exported in 1834.—Ajnount of bullion and specie imported and Exports in 1829.—Estimated amount or value of 1830.—Estimated amount or value of 1831.—Essiimated amount or value of 1832.—Esstimated amount pr value of 1833.—Esstimated amount or value of 1834.—Estimated am'ount or value of 1835.—Estimated amount or value of 1836.—Estimated amount or value df Exports and consumpllion for 1^832,-'3,-'4, and '5.-^Value of imports free and pay in ^ duty, and value pf Exports, and consumption of foreign merchandise, from 1789 to ^tatement of imports 1835, inclusive.—St Exports, and value of exports of domestic produce, from 1789 to -1835.—Statement of• the whole value of Exports of co.tton for a \\arious periods from 1792 to 1834.—Quantity and value of Fees of office, (see Compensation.) Finances for 1829, b} S. D. Ingham, Secretary.—Report on the 1830, b} S. D. Ingham, Secretary.—Report on the 1831, by Louis McLane, Secretary.—Report c>n the 1832, by Louis.McLane, Secretary—Report on the 1833,by Roger B. Taney, Secretary.—Report on the 1834, by Levi Woodbury, Secretary.—Report on the 1835, by.Levi Woodbury, Secretary.—Report on the 1836, by Levi Woodbury, Secretary.—Report on the Finances.—Remarks elative to the acts requiring from the Secretary of the ^Freasn ry an annual report on the Fire-proof building.,—Relative to loss of valuable papers by the destruction of the Treasury building, and the necessity for providing a ^ Fiscal.operations of the Government when the public debt shall be paid.—Remarks relative-to Fiscal year.—The Secretary of the Treasury, recommends a change in the Fiscal year.—Suggestion for a change in the Fish.—Relative to" duty on salt, and drawback on pickled 535 608 641 654 174 216 625 9 88 220 287 381 467 631 684 655 656 658 659 5 85 217 283 377 463 627 679 223 385 90 479 701 93 INDEX. Pish imported from 1821 to 1829, inclusive.—Quantity and value of = Fish exported from 1821 to 1829, inclusive.—Quantity and value of Fisheries.—Remarks relative to bounties on vessels employed in the Fisheries in 1828.—Bounties and allowances to vessels employed in the 1829.—Bounties and allowances to vessels employed in the 1830.—Bcjunties and allowances to vessels employed in the 1831.—Bounties and allowances to vessels employed in the 1832.—Bounties and allowances to vessels employed in the Fishing vessels.—Regulation of licenses for coasting and Foreign coin has upon the duties on imports.—Effect that relative and true value of Foreign merchants.—Suggestions for establishing, a fair competition in trade between American and Fortifications, &c., military service, (see Expenditures.) Fortifications.—Remarks as to cause for reduction of appropriations for France for 1832.—Tariff of duties of France.—The Secretary of the Treasury complains that the Bank of the United States had seized upon dividends upon stock, to secure the amount of damages on protested bills of exchange for the indemnity from France.—Loss to the United States by the discriminating duties in favor of silks and wines of Franbe.—Correspondence and statement of the charges5 by the Bank of the United States, for damages and other costs on the bill of exchange for the' indemnity lrom France at different periods.—Currency of France in 1836.-^Re'ceipts and payments on account of indemnity from ^ France.—Remarks concerning the reception of instalments due under the treaty with Frauds on the revenue by smuggling.—Suggestions for preventing Frauds on the revenue -by smuggling spices.—Suggestions for preventingFrauds in purchase of the public-lands.—Circular to prevent Free of duty in each year from 1821 to 1829, inclusive.—Yalue and quantity of merchandise Fund, (see Surplus fund.) Funded and unfunded debt, (see Debt.) Funds not effective in 1829 1830 . Funds not effective or available in 1831 « 1832 .781 Page, 170 214 12 18 96 236 297 386 12 94 94 472 61 468 476 509 617 681 700 13 91 764 124 6 86 218 284 782 INDEX. Funds not effective ir available in 1833 1834 , 1835 1836' Page. - 379 475 628 680 Go Gales & Seaton.—Pecuniary transactions of Messrs. 363 Ghent, in Treasury in 1836.—Balance of awards under treaty of 714 Gold coins of value of one dollar.—Recommendation for authorizing the,making of 479 Gold and silver cur rency in the United States, and various other countries, at different periods.—Amount of 616 Gold .and. silver bullion and specie imported into the- United States in1833-'4.-j-Amount of * 620 Gold and silver bullion and specie in 1833-4—Amount of imports and exports of 625 Great Britain in 1830.—Tariff of duties of 45 Great Britain—Relative and true value of the pound sterling of 94 Great Britain at different periods.—Condition of the Bank of England, and currency of 602, 616 H. Hemp.—(See Duties on.) Hemp recommended for protecting duties Hemp in 1829 and* l:830.—Amount of duties on ~ Holland in 1830—C jrrehcy of Hospital fund in tru .st in Treasury in 1836.—Amount of navy • Hospitals,—Relative ;o sites for marine I. Illicit trade with adjacent foreign territories.—Suggestions to prevent Imported and on tonnage in 1828.—^Quantity and amount of duty on enumerated e.rticles r Imported arid on tonnage in 1829.—Quantity apd amount of duty on enumerated articles Imported and on tonr age in 1830.—Quantity and amount of duty on enumerated,exticles Imported and on tonn age-in 1831.—Quantity and amount of duty on enumerated articles Imported and on tonnage in 1832—Quantity and amount of duty on enumerated EJticles Imported into the United States in 1833-4*—Amount of gold and silver bullion and s pecie Imports for year ending Sep. 30,1830.—Estimated am't or value of r 183L—Estimated am't or value of 1832.—Estimated am't or value of 1833.^Estimated am't or value of 230 270 617 714 701 13 20 98 238 298 .388 ^ '620 88 220 287 381 INDEX. .783 Page. Imports for year ending Sep, 30,. 1834.—Estimated am't or value of 1835.—Estimated am't or value of 1836.—Estimated am't or value of Imports from adjacent foreign territories, to prevent illicit trade.— Suggestions for .the regulation of Imports, the like of which'arejnot produced or manufactured in the United States.—Amount of duties in 1828,s on .enumerated articles of Imports in each year, from 1821 to 1829, inclusive1—Value and quantity of Imports in each year:, from 1821 to 1829, inclusive.—Total value of all ' Imports, &c—Comparison of increase of population with the consumption of Imports free and paying duty, for 1832-3-4, and '5.—Value of exports and consumption, and value of Imports, exports, and consumption of foreign merchandise from 1790 to 1835, inclusive.—Statement of Improvements to a proper extent.—Remarks on propriety of encouraging internal Incidental receipts, (see Receipts.) Indian affairs, military service, &c., (see Expenditures.) Indians—Remarks on cause for reduction of-appropriations for Indian schools in Treasury, in 1836.—Funds for support of Insolvent debtors to United States, for duties in 183,5, &c.—Recommending relief to Insolvent debtors.-—Suggestion for continuance of act for relief of Interest on deposites, in banks.—Remarks on subject of demanding Internal improvements and other objects.of a general n a t u r e Remarks on necessity for retaining means to provide, for works classed as ' Ireland in 1832.,—Currency of Iron.—(See Duties on.) Iron recommended for protecting duties Iron in 1829 and 1830.—Amount of duties secured on 467 631 684 13 44 124 173 633 655 656 233 472 714 235 700 478 472 617 230 270 J, Judiciary, instead of Congress and the Executive, to make appropriations, by legalizing the seizure by the Bank of the United States of funds in its own hands.—The Secretary of the Treasury complains of a probable undue exercise of power by the 470 L. Land granted as bounties during the late war,, arid to certain States and Territories, for colleges, roads and canals, seats of Government, saline reservations, and common schools, to October, 1835.—Total quantity of Land Office, of the operations of that office in 1831.—Annual report of the Commissioner of the General of the operationsaof that office in 1832.—Annual report of the Commissioner of the General 662 271 f_331 m INDEX, Page, Land* Office, of the operations of that office in 1833.—Annual report of the Commissioner of the General 428 of the, operations of that office in 1834.—Annual report of the Commissioner of the General 537 Land Office in 1831—Considerations showing the necessity of additional aid in :he General ^ 273, 281 Land Office in 4833,—Considerations showing the necessity of additional'aid in the General 430 Land Office^—Precautions against the destruction by fire of the archives, title-papers, &c., in the General 430 Land Office, and means necessary to bring them up.—Statement of arrears of business in the General 433 Land Office.—Remarks of the Secretary of the Treasury, relative to the increased business and operations of the General 482 Land Office.—Remarks concerning the business and supervision of the Treasury Department over the General 699 Land patents for the President.—Additional labor, in the General Land Office, caused by the law authorizing a secretary to sign 430 Land cases.—Difficulties, from the want in the General Land Office of the statutes and the reports of adjudicated decisions of courts in the several States in 431 Land office in Indiana, in 1831.—Recommending an additional 273 Land offices in 1830 ar d 1831.—Amount of registers and receivers'returns, and operations of the several 276, 278 in 1831 and 1832.—Amount of registers and receivers' returns, and operations of the several 333, 335 in 1832 arid 1833.—Amount of registers and receivers' returns, and operations of the several 435, 437 in 1833 and 1834.—Amount of registers and receivers' returns, and operations of the several 540, 542 Lands in 1S31.—Operations and difficulties of the offices of Surveyors General of public 271 in 1832.—Operations and difficulties of the offices of Surveyors General of public 331 in 1833.—Recommendation of additional provision for surveying the public 432 Land officers.—Provision of law necessary to-compel the surrender of books and papers by attorneys, marshals, custom-house 1 and 12 Lands.—Receipts from kale of, (see Receipts.) Land, and quantity sold.—Receipts in cash and scrip, and incidental expenses, from sale of public: in 1828^ 5,24 in 1S29 85, 102 in 1830 217,242 in 1831 283, 305 in 1832 377,395 in 1833 463,548 in 1834 t627 in 1835 679 in three quarters of 1836 679 INDEX. Lands, for present and ensuing year, in 1829.—Estimate of receipts from public, (see Estimates.) Lands, to the States in which they lie, and distribution of the proceeds among the several States.—Recommendation for the sale of the public Lands United States1.—Payments on lands sold .prior to. July 1, 1820, under act of March 31, 1830, and supplemental act of February 25, 1831, for relief of purchasers of public lands, and suppression of fraudulent practices at the public sales of Land sold at each land officeimder the cash system, from July 1, , 1820, to December 31,-1832.--Quantity o f ''' Land sold, amount jpaid therefor, <fcc., from 1787 to 183$.—Nett quantity of public Land prior to opening the land offices in, I787rl792, and 1796.— Statement of special sales of public ... Lands to October. 1835.-:—Amount of public debt, army land warrants, United States and -Mississippi stock,, forfeited land stock, and military scr-ip received in payment for the public Lands.—Circular to receivers of public moneys, and to^ deposite banks, relative to excessive credits, and encouragement given thereby to frauds,'speculations, and monopolies in the purchase of the public ,t Lands for 1836.— Explanation of estimates of receipts from Land scrip in paynient for lands, at the,land offices in Ohio and Indiana.—Suspicion of fraud in-the reception of an undue portion of Land scrip received in payment for lands in Ohio, Indiana, and Illinois, in 1830, ,1831. 1832. and first three -quarters-of 18,33.Amount of military bounty Land stock issued to Septemher- 30. 183.1.—Total amount of forfeited , ' ' Land stock issued under acts May 23,1828, March 31, 1830, and July 9, 1832: and. also, the amount received in payment to September 31, 1833. -Amount of ' "Land stock and military land scrip issued and surrendered to September 30, -1834.—Statement of amount of forfeited . Land warrants issued to November 14, 1831.—Quantity and amount of scrip issued for Virginia and United-States military Land warrants issued to November 30,1833.—Provision for satisfying Virginia and-United States military" Land, warrants satisfied with scrip . quantity of land for which scrip has been issued r amount in money. number of certificates of scrip issued under acts May 30, 1830, July 13, 1832, and March 2, 1833, to November. 1833.—Number of each descrip„ tion of Land warrants satisfied. with scrip quantity of land for which scrip has been;issued .. amount in mgney.. number of certificates of scrip issued under said acts to November 15, 1834.—Number of each description of Laws, and their due execution.—Considerations regarding the necessity for enacting conciliatory Digitized for VOL, FRASER iii —50 .785 Pag e 227 280 438 660 661 661 764 636 429 449 271 444 544 281 429 448 546 232 786' INDEX, Page- fishing vessels - -Remarks concerning Licenses for coasting £the regulation of ouses.- •Remarks concerning the number Light-boats and and utility of Light-houses.—Rernarp-relating to the improvement and regulation of - 12 482 652 M.. Machinery has upon h uman economy and labor.—Considerations regarding the effect that 16 Macomb at New York in 1787.—Amount of' stock issued at-.the Treasury, for lands sold to Edgar and 271 Manufactures to a certiin extent.—Propriety of protecting American , 229,290 Manufactures merely Are to be abandoned.—Suggestions -that, duties for the protection of 384 Marine hospitals.—Relative, to sites for 7Q1 Marshals, custom-house and land officers.—Provision of law: necessary to. compel the' surrender of books and papers by attorneys 12 Measures.—Relative t(j> the preparation of the new weights and 481 Merchandise.—(See Imports.) Merchandise in the, Treasury in 1836.—Amount of unclaimed 714 Military service.—(See Estimates "and. expenditures for.) Militia, &c.,/military service.—(See Estimates and expenditures for.) Millrea of Portugal.—Relative and true value of the 94 Ministers in foreign countries.—Relative to the inadequacy of compensation of public 227 Mint.—Information concerning the operations and suggestions for the proper regulation of the 480 Mint, and specie in ba:iks, circulation, &c.—Remarks concerning the currency, operations of the, 694 Mint on December 1, 1836.—Amount to credit of Treasurer in the 762 Miscellaneous expensed.—(See Estimates and expenditures.) Mississippi stock received in payment- for the public lands to October, 1835;—Amount of 661 Molasses in 1828.—Quantity and amount of duty on 19 Money power of" the Government, to regulate the unequal action. of capital.—Considerations regarding the 16 N. Naples in 1824.—Tariff of duties- of 78 Naples received and awarded in 1835.—Indemnity from 679, 681 Naples.—Relative to payment of third instalment under- treaty 1 with » 701 Naval service, including the gradual increase of the navy.-—(See Estimates and expenditures for.) INDEX. .787 Page. Navigating interest,, and its depression in 1830.—Remarks concerning the Navigating interest.—Suggestions for the improvement of the Navy pension fundj in trust in the Treasury in 1836.—Amount of Navy hospital fund, in trust in the Treasury in 1836.—Amount of 90 231 714 714 O. Officers of the customs.—Relative to compensation to Officers of the customs.—Remarks concerning the compensation to , Ordnance, &c., military servicc.-^(See Expenditures.) 1'2, 226 700 P. Passports and clearances iii 1828—Duties on 1829.—Duties on 1830.—Duties on 1831.—Duties on Patent Office in 1836.—Receipts and expenditures on account of 'the ' Pensioners.—Cause of reduction of appropriation for Pension funds in 1836.—Amount of navy and privateer Pensions, military service, &c.—{See Expenditures.) Population with" the consumption of imports; &c.-^-Comparison of increase of Portugal.—Relative and-true value of the millrea of Post Office in 1836.—Receipts and expenditures on account of the General Pound sterling of Great Britain.—Relative and true value of the Power of the Government to regulate the unequal action of capital.—Considerations regarding the money , Powers not defined bylaw, as regards the custom-houses and land offices.—Remarks relative to the exercise of Privateer pension fund in 1836.—Amount of Protested bill of exchange.—(See "French indemnity.) Prussia at different periods.—Currency of Public debt.^-(See Debt.) Public money.—(See Deposites.) 18 96 236 297 681 472 714 633 94 681 94 16 11 714 617 a Quantities of merchandise:-^(See Value.) R. Receipts.—(See Estimates of.) into the Treasury from all sources'in -1827 1828 1829 1830 - 5 5,85 - 85,217 - 217,283 788 INDEX. Page. Receipts into the Treashry from all sources in 1831 283, 377 377, 463 1832 463, 627 1833 627 1834 679 1835 into the Treasury from all sources for 3 quarters of 1836. 679 and estimate for fourth quarter 5, 18 Receipts from customs in 1828 85, 96 "I 1829 217, 236 1830 283, 297 1831 377, 386 1832 463, 627 1833 627 1834 679 1835 from customs for 3 quarters of 1836, and estimate for 679 fourth! quarter Receipts from lands in 1828 5, 24 1829 33,85,102 /I' 1830 217,242 1831 283,305 •' 1832 377,395 1833 463,627 . 1834 t 627 1835 679 from lands for 3 quarters, of 1836, and estimate for fgurth quarter 679 Receipts from barik stock in 1828 5, 26 1829 • 85 J 830 217 1831 283 1832 377 1833 463 1834 627 1835 679 ! k for 3 quarters of 1836, and estimate for ;er 679 828 5 829 85 830 217 831 283 832 833 834 835 rter is, 3 other quarters than ofcustoms 1836, and and lands, estiinated in 1831 1829 18281830 for- 35, 463 377 627 309 246 679 104 26 INDEX. .789 Page. Receipts from all sources, other than customs and lands, in 1832 1833 1834 1835 from all sources, other than customs, and lands from 1st January, to 30th September, 1836 Receipts, appropriations, and expendituresin each State in 1834.— Statement of . ,Receipts from customsin 1836.—Explanations of the estimates of Receipts and expenditures in 1833/ 4, and '5.—General statement, of estimates, appropriations Receipts and expenditures on account of the Post Office Department in 1836 . Receipts in Treasury held in trust for certain objects in 1836 Receivers of public ! money relative to receipt of checks or drafts of branches of the Bank of the United States.—Circular to all Receivers of public money, to prevent frauds, speculations, and monopolies, in thle purchase of the public lands.—Circular to deposite banks and R evenue.—{See Receipts.) Revenue laws recommended.-r-Modification of. Revenue.—Considerations taken into view in 1830, as regards future estimates of the Revenue to the wants of the Government, after the payment of the public debt.—Observations regarding the reduction of the Revenue cutter service.—Relative to pay of officers in the Revenue cutter service.—Suggestions for the improvement of the Revolution.—Further provision recommended for the soldiers of the Roads and canals to a proper extent.'—Expediency.of encouraging the construction of Roads and canals.—Quantity of lands granted to States and Territories for Russia at different periods.—Currency of Russia for 1822.—Tariff of duties of - 399 483 627 679 713 608 631 654 681 714 618 764 12 90 224 92 481 227 233 662 617 71 S. Saline reservations.—Quantity of land granted to States for Salt in 1828.—Quantity, and amount of duty on 1829.—Quantity and amount of duty on 1830.—Quantity and amount of.duty on 1831.—Quantity and amount of duty on 1832.—Quantity and amount of duty on Salt and drawback on pickled fish.—Relative to duty on Salt imported into: United Stated from 1821 to 1829, inclusive.-Quantity and value of Salt exported from 1821 to 1829, inclusive.—Quantity and value of . ' Schools.-^Quantity of land granted to States for common Scotland -in 1832.—Currency of Scrip.—(See Lands.) 662 19 97, 98 238 299 389 92 166 210 662 617 790 •INDEX. Pag-.e Seats of Go.veriim'ent.— Quantity of land granted to States for Selected State banks.—Report of Secretary of the Treasury, December,, 1834, on the present system of keeping and disbursing the public money in • Selected as depositories of the public money.—List of banks Sefected banks.—|(S.ee Banks.) Sicilies, in Treasury in'L836.—Amount of awards, under the convention with thje King of the Two Silks and jvines.-4-Loss to United States by discriminating duties in favor of French Sinking fund act in 1820.—Reserved under the. Sinking fund in 1830.- Estimate of sum anticipated to be at the disposal of the qommi ssioners of the Sinking fund in 1830.- Funds placed at the disposal of the commissioners of thje Smuggling or illicjit trad e with adjacent foreign territories.—Suggestions for preventing South Carolina inlresisti ng the execution of the revenue laws in 1832.—Relativej to steps taken to counteract the measures o f Spain in 1782.—Cjurrency of Spain in 1836.—Receipts and playments on account of indemnity by Specie imported into United States in each year, from 1821 to 1829, inclusive .Specie exported frbm 18^1 to 1829, inclusive.—Amount of Specie imported irito United States .in 1833-4.—Amount of gold and silver bullion and* Specie imported and exported in 1833 4.—Amount of gold and silver bullion and Specie, by refusing to resceive, on the part of the United States, . bank notes of ai less denomination than $5.—Circular to encourage the circulation'of Specie in banks, circulation, &c., in 1836.—Remarks .concerning, the currency, operations of the'mint, and Specie in circulation anc. banks in 1833-'4-'5-'6 Spices.—Suggestions for preventing frauds on revenue by smuggling, and for reducing duties on Spirits in 1828.—Quant: ty and amount of duty on 1829.—Gluantity and amount of duty on 1830.—(Quantity and amount of duty on 1831.—Gluantity and amount of duty on 1832.—Quant: ty and amount of duty on Spirits imported into Un ted States from 1821 to 1829, inclusive, —Quantity and value of Spirits exported fromJ 321 to 1829, inclusive.—Quantity and value of Spirits and refinedj sugar in 1828.—Drawback on distilled _ 1829.—Drawback on distilled 1830.—Drawback on distilled 1831.—Drawback on distilled 1832.—Drawback on distilled. 662 557 601 714 476 10 88 13 295 617 681 128 176 620 625 678 694 696 91 19 98 238 299 388 143 190 1-8 96 236 297 38.6 INDEX. .791 Page. State banks.—(See Banks.) State~ in 1S34.—Statement of appropriations, expenditures, • and collections irl each 608 States and Territories, for colleges, roads and canals, seats of Government, saline reservations, and common schools.—Quantity of land granted to certain 662 Steamboats for the preservation of life and property.—Remarks relative to regulation of ^ _ 700 Stocks constituting the public funded debt in 1829 7 1830 7, 43,87 1831 87, 122, 219 1832 220,268 1833 286,330 1834 380,422. 1835 466,504 1836 681 Stock of Bank United States, for payment of public debt in 1833. —Disposal of shares of the 222 Stocks to meet appropriations in case of deficiency in the Treasury.—Suggestion to empower the Secretary to sell bank and* canal " " ' 477 Stocks owned by the United States.—List of canal and bank 536 Stock received in payment for public land.—Amount of Mississippi and United States stock and forfeited land 661 Stock in that bank.—Correspondence with the Bank of United States relative to 663; Stock—(See Land)—Forfeited land. Stock of—(See Banjk United States.)' Storing goods for benefit of drawback..—Regulations for 13 Sugar in 1828.—Quantity and amount of duty on 19 1829,.—Quantity and amount of duty on 97, 98 1830.—Quantity and amount of-duty on 238 1831—Quantity and amount of duty on 299 1832.-^Qiaantity and amount of duty on 388 Sugar imported into the United States from 1821 to 1829, inclusive.—Quantity and value of 147 Sugar exported from 1821 to 1829, inclusive.—Quantity and value of 194 Sugar recommended for protecting duty 230; 270 Sugar in 1829 and 1830.—Amount, of duty secured on Sugar in 1828.—Drawback on distilled spirits and refined 181829.—"Drawback on distilled spirits and refined 9& 1830.—Drawback on distilled spirits and refined 236 1831.—Drawback on distilled spirits and refined 297 1832.—Drawback on distilled spirits and refined 386 Surplus fund on 1st January,. 1830-.—Amount carried to the 7 1831.—Amount carried to the 87 1832;—Amount carried to the 219 1833.—Amount-carried to the 285 r 1834.—Amount carried to the 379 1835.—Amount carried to the 465. 792' INDEX, Surplus fund on 1st Jajiuary, 1836.—Amount carried to the 1837.—Amount carried to the Surplus revenues-Considerations regarding the disposition of Surplus in the Treasury in banks, on interest, or invest it in safe stocks, for the purpose of income or revenue.--Suggestion for deposite of Surplus in the Treasury in 1836.—Explanation relating to the Surplus in the Trjeasury in 1836, and suggestions for the disposition of it.—Remarks concerning the Survey of the coast to the care of the Navy Department.—Relative to the transfer of Surveyors "General of public lands, and operations of those offices in 1831— Additional clerks'required in the offices of Surveyors General of public lands, and operations of those offices in 1832.—Additional clerks required in the offices of Page. 628' '681 228 477 643 '686 482 271 331 T Tariff.—(See Duties on imports.) Tariff of duties o|f Great Britain in 1835 45 France in 1822 61 Russia in 1822 71 , Naples in 1824 78 Tariff acts of 1830.—Reduction of duties under 89 Tariff of duties eqpal to the necessities of the Government:—Considerations shoying tie "propriety of rendering the 229, 289 Tariff of duties for.protection of .manufactures.merely, sjbould. be . abandoned—Suggestions that a 384 Tariff act of 183$.- Inconveniences arising from not repealing the 700 Tax in the Treasury in 1836.—Surplus proceeds of property sold for direct -I 714 Teas imported in 1828.- -Quantity and amount of duty on 19 '1829.- -Quantity and amount of duty on 97, 98 jl S30.-J— Quantity and amount of duty on 238 1831, Quantity and amount of duty 011 299 1832. -Quantity and amount of duty on 388 Teas imported in each 3 ear from 1821 to 1829, inclusive.—Quantity and value of 145 Teas exported from 182|L to 1829, inclusive.- -Qu an tity and value of 192 Tonnage, (see Duties.)-j-Duties on imports and. Tonnage and ligljt money in 1828.—Amount of duties on 18 1829.—Amount of duties on 96 1830'.—Amount of duties on 236 1831.---Amount of duties on 297 1832.—Amount of ditties 011 386 Tonnage employed in foreign trade in 1828.—Quantity of 18 1 - ' ' 1829.—Quantity of 96 1 1830.—Quantity of 236 297 1831.—Quantity of INQE3L "'93 Page. Tonnage employed in foreign trade in 1832.—Quantity of Trade with adjacent 'foreign territories.—Suggestions for the regulation of3 and to prevent illicit Trade to prevent, smuggling.—Suggestions- for regulating the coasting Trade with the West Indies.—Suggestions for improvement of Travellers from adjacent foreign territories are obliged to pay duties on carriages and horses without benefit of drawback Treasury building, and the necessity for providing a fire-proof building.—Relative to the loss of valuable papers by the destruction of the ' Treasury office on an enlarged scale, and fire-proof.—Recommendation for rebuilding Treasury warrant.:—Form of Treasury Department.—Concerning the reorganization of the Trust for certain objects.—Receipts into the Treasury held in 380 13 15 13 3S5 482 603 701 714 U. Unavailable funds.—^(See Funds.) Valuation or appraisement'of goods under act 28th May, 1830.— Difficulties existing in the Valuation of goods—Difficulty in establishing uniformity in the duties owing to different Value of goods be taken at the place of importation, and hot according to foreign'invoice.—Recommendation that the Value and quantity of merchandise on which duties accrued in 1828 Value and quantity of merchandise on which duties accrued in 1829 ' ' Value and quantity of merchandise on which duties accrued in 1830 Value, and quantity ;of merchandise on which duties accrued in 1831 Value and quantity of merchandise.,on which duties accrued in 1832 ' Value of all imports from 1821 to 1829, inclusive.—Total Value of foreign merchandise exported from United States, from 1821 to 1829, inclusive.—Quantity and Value of imports paying duty and free of duty, and value of exports and consumption for 1832, 1833, 1834, and 1835.—Statement of the o Value from year to year, (see Imports—Exports.)—Estimated. Vessels.—-Regulation of licenses for coasting and fishing Virginia and United States military land warrants.—(See Lands.) 91 92 94 19 97 237 298 387 173 174 655 12 INDEX. Page. W. 13 W arehouses for stbring' ^oodSj &c. recommended.—The erection of 603 Warrant.—Formlof Treasury Warrants, <fcc. received in payment for public lands.—Amount of 661 military land -| Warrants.—(See Lands 481 Weights and measures.—Relative to the preparation of the new West Indies.—Su'ggesti Dns for improvement of trade with the 15 Wines in 1828, {Quantity '~ 19 and amount of duty on 97, 98 1829.-4-Q.uar tity and amount of duty on 237, 238 1830.-4Quar tity and amount of duty on 298, 299 1831.-|Quar tity and amount of duty on 1°832.-^-Quantity and amount of duty on 387, 388 Wines imported; from 1821 to 1829, inclusiye.—Quantity and 142 value of j Wines exported jfrom 1821 to 1829, inclusive—Quantity and value of j 189 Wines—Loss to |the United States by discriminating duties in 476 favor of French silks and 230 Wool and woollen goods recommended for protecting duties Wool and woollens in 829 and 1830.—Amount of duty secured 269 Woollen goods.—[(See "^uties on.)