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TABLE OF CONTENTS.

Page

Report by
rency
Report by
Report by
Report by
Report by
Report by
Report by
Report by
Report by
Report by

Mr. Woodbury on the Finances and Cur-.
Mr. Woodbury on the Finances
Mr. Woodbury on the Finances
Mr. Woodbury on the Finances
Mr. Woodbury on the Finances
Mr. Ewing on the Finances
Mr. Forward on the Finances
Mr. Forward on the Finances
Mr. Spencer on the Finances
Mr. Bibb on the Finances




Sept., 1837
Dec., 1837
Dec., 1838
Dec., 1839
Dec., 1840
June, 1841
Dec., 1841
Dec., 1842
Dec., 1843
Dec., 1844

1
89
175
231
351
437
461
485
597
649

REPORT ON THE FINANCES.
•' .' . - • . JUNE,^184:1.;

•'

.

:

In oBedience to the directions .of the act bf Congress of the 10th of
May, 1800, supplementary to the ''Act to establish the Treasury
Department," the Secretary of the„ Treasury respectfully submits the
following report:
. '
;
.
^
:
I. OF THE PUBLIC REVENUE AND EXPENDITURES.

The receipts and expenditures for the year 1840 were as follows:
The available'balance in the Treasury, on the Istof January, 1840, (exclusive of amount deposited with the States, trust funds and indemnities, and the amount due fi'om. banks which failed in 1837,) was, as
appears by the bobks of the Register of the.Treasury. $3,663,083 60
The receipts into the Treasury during the year 1840
were, from— '
.
^
Customs . . . .^.
_ . . . . - . . , : . . . . ? . $ 1 3 , 4 9 9 , 5 0 2 ' 17
Lands . . ' . . . I . . . . . . . . . . . ' . . . . . . . . . . . . .
3,292,285 58
Bond ofthe -Bank of the'United States.. 1,774,513 80
" Miscellaneous and incidental sources . . . .
283,258 23
Banks which failed in 1 8 3 7 . . . . . . . . . . . . . ^ 748,629 ,65
Treasury notes issued .
- . , . . . . . . . . . . ! 5,589,547 51
• ^ . , • , •: - — —
,25,187,736 84
Making l . l
-.......'........,.',
. . . .$28,850,820 44
The expenditures in the same year were^ for—
Civil list, foreign intercourse, and miscellaneous . : . . . . ' . , : . - : . . L
$5,4:92,030 98
.
Military department
. . . : . . . . . . 10,866,236 45
Naval d e p a r t m e n t . . . . . . . . . . . . . . . . . . . . . . 6,031,088 88 ' '
Public debt, ./.i
............
11,982 77
Add outstandingwa;iTants issued priorto^
1st January, 1S41
1,416,334 28
Treasurynotes redeemed, including interest . . . . . . . > . . . . . . .
'..
4,045,802 05
'
>
<
..
-27,863,475 41




438

R E P O R T S OF T H E

[1841.

Leaving a balance in the Trea;sury on the ist of Januaiy, 1841, o f . . . " . . ,
'.
........
$987,345 03
The receipts from, the 1st of January to the 4th of
March, 1841, were, (say)—
From Customs
*$1,974,836 4.6 .
' Lands...-../....-....
.•_... " 386,148 56
Miscellaneous and incidental sources '
)31,349 65
'
Banks which failed in 1837 .
1
18,000 00
Treasury notes iss.ued.:per act :of the
^
31st ofMarch, 1 8 4 0 . . .
. . . . . 1,110,611 08'.
Treasury notes issued .under act of
15th of February, 1 8 4 1 . ,..•... . \ .'
673,681 32
Bond of Bank of the United States. . 17,913.00
,
V
.:—
— 4,212,540 07"
Making, with the balance in the Treasury, Jaii. 1,1841. $5,199,885 10
The expenditures for tjbe Sistme period were^~ \
• / ..
Civil list, niiscellaneous, and/oreign in.
/•
' t e r c o u r s e . . - , . . . . . . . . . . , . : ^ , . . . . " . . . . > . ' $943,517'14 '
.• . .
Military d e p a r t m e n t . . . . . . . . . : . . . ' . . . . . 2,273,097 11 . ; • "
Naval d e p a r t m e n t . . . . . . . . . . . . . . . . . . . .
759,349. 60
Publicdebt..
. . . ; . . . . , , . . ' . . ^ . • . , . . . . . 3,612 70
Treasur}?-riotes redeemed—^including i n - . •terest.'...... 1 . . . . . . . . . . : . . . . . . . .
*647,590 09
-.
•:-.. ...:-r^-.^r^- 4,627,166-64 ^
Leaving the balancein the Treasury on 4th March, 1841. :$572,718 46
The balances of appropriations outstanding on the 4th of March, 1841,
were, (Statement A . ) —
..
: ';
Civil, foreign intercourse, and miscellaneous.
-. -. $5,237,234 ,28
Military................
. . . . ; . . . . : . . . . . . . . . . . 15,991^895 15
Naval
.
. . . . . . : . . . ^ . . _ : . . : . . . : . . ;.
6,910,268 69.
Public d e b t . . . . . . . . . . . . . . . ; . . . : . / . ; . . . . . 1.^ 1 . . . . . . " . 6^387 39' ^
Treasury notes issued prior to the ,1st of January, 1841,
and outstanding on the 4tii ofMarch, 184i . . . . . . . . . 3,873,220 00
Treasury notes issued under- the act of 1840, from the
1st January to the 4th March, 1841, which may,-and
most ofwhich probably will be presented in payment
ofpublic dues during the year 1 8 4 1 . . . . . . - . . . . . . J . . . - 1,110,611 08
Interest estimated at a b o u t . . . . . . . . . . . . .
. ......'...
'300,000 00 /
Making in the aggregate . . . . , . . . - r - - - ' ^ . . . $33,429,616 50
Of this there will Be required for the services of the..
currentyear......
. . . . . . . . . . ' . . . , . . . . . . . . . . .•$24,210,000 00
*This item and the item.of expenditure fp.r the payment of Treasury notes, from I s t of January to 4th. of March, 1841, include abput |500,600 of Treasury notes wliich were received at
the Department on account of customs, dunng-. that-period, but for which .the warrants were not
issued-until a subsequent period.
•
, •



1841.]

S E C R E T A R Y OF T H E TREASURY.

439

Additional appfopriations . required by ;the War Department for the yeax 1841, viz:
. . .
^
..
Foitifications and -works of d e f e n c e . . . . $1,435,500 DOFor. armaments of fortifications, and brd, nance s t o r e s . . . . . . . , . . , . . . . . . . . : . . . -; ^20,to60 00
For payment of, arrearages and- current .
•
expenses,, and takirig care of public
;
' property on roads, haJrbbf s, rivefs', &c..
40,19912
For arrearages for preventing and sup:...:.
pre.s'sing.Iiidiari liostilities..;....;..
.'
825,B37 ,86
,521,336 98
• Makirig . . . . . . . . . . . . . . . . . . . . : . , : . . . . . . . . .$26,731,336 98
T h e actual and estimated .riieans under the existing. '
.
laws to meet these demands are, viz:
. .
' '
The available balance.in the'Treasuiy
on the 4th of March, 1841, "(see State"''•.•'•
V. m^eritB) . . . . . . . V . . . : . . : : . . : . . . . .
646,80312"
Treasury nbtes "a^tBorized urider t^
.
.
of, 1840,, issued after the 3d of March,
.^>;i84i,-... . • . - . . . : . l . . . ^ . . . . " . . • . . . . • - . . . ;
413,592-72'
Treasury riotes authorized' by the; act of
1841, to be issued after the 4th March,
1 8 4 1 . . ^ . : , : - . : • . . . . . . . ^ . . . . . . . . . . . ; . . : . .5,000,000 00
Receipts from €ustoiiisestima:t"ed a t . . . . . 12,000,000 00^
<>
=
Receipts frbm' publib larids
' . • . . . . . . 2,500,000 00 '
Miscellaneous s o u r c e s . . . . , . .
•..,..*... • 170,000 00
20,730,395 84
Leaving unprovided for, of the demands for thie preserit, '
. year, the sum o f . . . . , . . . . . . . . . . . . - . . . ' . . . . . . . . . . . ' $6,000,941 14
' There will, also,, be receivable for priblic dues in the
present year, of paj^able in 184'2, Treasufy riotes the
issues of the present year, viz:-;
" ..
' \
•
Issued under-the act df 1841, prior to the
•
'4th of Mdf ch :'..'. : . . . . . . . ' . ,
. . .•.. $673,6B1 32 /
Issued under the act of 1840, after^he 3d .
'
'
O f M a r c h : : . . . . . . . . . . . . . ^ - ^ . . . V - . . . . • -413,592 72
..
Issued under the act of 1841, to be issued
'a,fter the 4th ofMarch, and'iricludeci in
' '
' the estiiiieite of ways,arid r r i e s l h s . . . . . 5,000,OO'O 00 '
;^;7;.
.., • ' • " • • .
• . ; ..: — — ' . .. .^ 6,087,274 04
Making an aggregate of debt arid deificit to be provided
—^
' for in this arid the ensuing year, of. . . . . J . . . . . . 1 . . ' . . :$12,088,215 18
This esfim.ate is founded On the assumption that alt the
. " morieys ill the ipublic depositories can be at once made
available; and that any aiid all of the deriiarids upion
the Treasury can be^ satisfied, so long as inoney to a
sufiicient amount femains iri any or all the depositories. •
But that i^ by rio riiearis tlie ;cas^. -. PP^Iiile the power to



440

. R E P O R T S OF T H E

[1841.

issue Treasury notes exists, there should be at all times,
fpr the convenience of the Treasury, a sum equal to
'
$1,000,000 in the various depositories subject to draft,
;
When that power is expended, the surii should be in.
.
creased to not less than
• - . . . . . . . . . . . ' . ' : . . . . . $4^000,000 00
Which sum; added to the above,-makes the estimated'
.
• ^ deficit
. . . . . . . . . . . . . . . . ' . , . . . . . . . . . , . . . . . : / . .$16,088,215 18
. But the undersigned feels it his. duty to call the, attention' of Congfess
to the more immediate'demands ofthe pubhc service and the mean's by
which those demands are to be supplied. •
The.sums which will be required from the 1st.of June tothe 31st of
August next, are.estimated as'follows, viz: " / ,' ' . •'
For the payment of Treasury notes which will fall due .
',
within that time, and the interest thereon,, about. . . . . $2,756,90.0 00.
Baljince for takirig the. 6th . c e n s u s . . . . . . . . . . . . . . . . . . . ' . . . . .
294,000 00
For the civil list,- miscellanebus, 'and foreign intercourse. 1^309,308 37
Military service
. . ' . . . . . . . .M . ^ . . 1 . . i : . 4,591,098 00
Navalservice.
. . . . : . . . . . . . . , -V. . . . . . " 1,844,000 00
Public debt.,.. fi. . . . . . .
fi.'-.....:.'...
: .'.> . . . . . .
.. 6^387 00
Expenses ofthe extra session of Cbngress.:.'.'., . - . . . . . . .
35,0,000 00 .•
Milking a b o i j t . ' . . V . , . : ^ . . . . . ' . ^ . - . . . . $ 1 1 , 1 5 1 , 6 9 3 37
The ways and means in -the power ofthe Treasury, and
'."..',• 'which will probably accrue under exis.tlng; laws, are:
• .. ;
as follows: " ', ' " \:" - ^
;
" •
, •
1. Funds in the Treasury,'(as per State- •'- . • '
" . \
* ment C.)
:-.
:.....
$644,36116 "
..
2. Treasury notes ' authorized by the act .
,
. of 15th of- Febr,uary, 1841: : . . . . . . . . . ' 1,505,943;91^
3. Estimated receipts from the customs. •3,000,000 00< ' \
. ; ;
Estimated receipts, from the lands. . . . . . 700,000 00
Estimated receipts from thomiscellarieous
- sources
: . ; . . . . . . . . . . . . . ^ . . . .'i.
50,000 "00
Making. . , . . . . .
. : > . . : . . ~—
— — r - ^5,900,305 07
And leavirig a deficit of. . . .*..;,.;
. $5,251,388 30
To which add the sum recommerided' \ 6 be kept in the . -' •
Treasury to meet any emergencies of the public service, v i z : . ' . . . . . . . . . - ,
. . . ; . . . . . , . . . . . 1. ^. . . L . 4,000,000 00.^
Making an aggregate of-, - „ . . . . . . . . . ; . . . . $9,251,388 30
Iri another part of this paper the-views of the Departnient as
mode of providing for the above deficit, together with the residue
existing public debt,'wih "be preserited.
' '-.
From the year 18l6 tb,1837, a period of tweiity-one:
-,
years, the revenii.es constantly exceeded the expendi•,
tures. The avera-ge annual surplus during that tiirie
. \



to the
of the
^
,

1841.]

S E C R E T A R Y OF T H E TREASURY.

441

was = $ll,464,226 87, (*see Tables 1 and 2,) making
an aggregate excess of $240,748,764 27. . Within
that time there was applied to the extinction of the
national debt $208,792vl27 44, and there was, under
the provisions of the act of the 23d of June, 1^36,
/
: depositedwitbtheStates, $28,101,644 91, and there
remained onthe 1st of Jariuary, 1837, in the Treasury:
of the. Uriited States, including the fourth instalment
'•
due,tb the States, a, surplus o f . . . . . . . . . . . . " . . . . '
$17,109,473 26
There were, also, outstanding de.bts due arid falling
'
.
due to the Ti:easury, arising from other sources than
'" those of the ordinary revenue, and which werepaid
between the-lst of Jariuary, 18.37, and 4th of March,
1841, the amount of (see Statement D ) . . . . . . . . . .
9,124^747 00
There were, also, issued within /that period, and outstanding on the '4th of March, 1841, Treasury notes.
.. .
, to the amount .of
................... ..'.i..
5,648,512 40
Making- the* aggregate available means which were in
the Treasury on'the 1st ojf January, 1837, and which
'; came .into it pribf to the 4th of March, 1841, over
and above the; currerit- r e v e r i u e s . . . . . . . . . .
,. . . .
From which;,; deduct theamouut (less.the trust funds)
'remainiriginthe Treasuiy on the 4t.h ofMarch, 1841.^

.
/..
31,882,732 66
572,718 46

And there appears an excess Qf experidittire over the^ . ./ current revenue of . . ' . . . .lfi;..:
/ $31,310,0.14 20
[It is proper ^.to remark, that the entries on the books' of the Register o^
the -Treasuiy do not always show the true dates of the receipts and
expenditures. An iteni involved i n t h e above statement (Table D) will
serve to illustrate this fact. The sum of $512,136 47, w.as on the 2d
and 31st October, 1840, paid by the Bank of the United' States on its
last borid^ to William Armstrong, sup.erintenderit at-Fort Gibson, by order
p f t h e Secretaiy of War.. Though this sum was in-fact received and
expended' on those \days, it did not find. its way into the oflice of the
Register until the,4th of :Mafch, 1841, on which day it appears on his
books both as a receipt and ah expenditure.]
Thus, arid .to thi& exterit, within the last four years,-were the expenditures pushed beyond, the amount of the reyenue. They were made to
absorb the ^surplus in the' Treasury, and, the outstaiijding'debts due to
the United States, so that the Treasuiy was, on the 4th of March, 1841,
exhausted of-its means, and subject to heavy and immediate liabilities.
It w-as already burdened ^with a debt incurred i n time of peace, and
without any adequate.resources except the authority granted by law to
•augment that debt. .;
' , As yet no provision has been made to relieve this debt or to check its
constant'a.nd rapid increa'^se. W e find it,,therefore, as far as past legis. * There,was, also, a large balance in the Treasury.on the 1st of January, 1837, not taken
into view in these tables. '. .



442

R E P O R T S OF T H E

[1841.

lation and financial arrangements characterize it, a perriiarient and
increasing national debt. The temporaiy expedients by which it has been
sustained do not at all vary its essential character.
T h e attention of Congi:ess is respectfully invited to the riecessity of •
early and effectual measures/to prevent its .fuither augmeritatio'n. The
obvious remedy is, to iricrease ^the reveriiue as fa:r as iriky be without
unreasonably burdening commerce,'and to rieduce the. experiditures
within the limits of strict ecbnomy.
> But as it may not cofriport with the" viev^s; of Corigress to go irito a
,
revision and adjustment of the customs so long before the act of March
2, 1833, comes.to have its .final arid permanentVoperation, the, uridersigned would respectfully recomniend, as a temporary riieasure', theleivy
ofa duty of 20 per, cent, ad valorem on ^ 1 articles which are nov?- &ee.
of duty, or-v/hich pay a less duty tbanV 20vper 'Cerit, except gold.arid
silver, and, the articles specifically ;enumerated iri. the 5th section of the
act ofMarch 2d, 1833;
•.
\ ' '•'
" ' .. ^. • /
"
If this measure be .adopted, it is estimated* that thiere will be rebeiVed
into the Treasury from customs, in the last quaiter ofthe present ye,a;r,
about $5,300,000; in all of the .year 1842, about $22,500,000; and iri
the year 1843, after the firiaf feduction; under the act of March 2d, 1833,
about $20,800,000. The .details of this estimate will be found in the
accompanyirig paper, marked E, arid ericlbsureSi- ;. ;,
It is believed that, after-the heavy expenditures required for the piihlic service in the preserit yea;-r shall have been provided for, the revenues-'
which will accrue from that, or a neaiiy proxim.ate >rate of duty, will be
sufficient to defray the' expenses of GovernmentVarid leave, a suiplus to.
be annually applied to the grad.ual paymerit of the natidnal "debt, leaving the proceeds ofthe public laiids to be disposed of as Congress shall
thirik fit. ;
" "
"• .. • '. ;^
,
.,
The gerieral principles, on which the .final revision of the tariff' is to
rest are, perhaps, simple arid easy to be appreherided; but the work of
revision itself, in its adaptation arid detail, must be a work of tiriie. It
• should be done ori calm reflectiori aridtcareful delibera:tibri,'"vvith. a'view
to recoricile, as far as possible, the corifficting opiriioris, arid to;proniote
all the various interests, ofthe whole people of these Uriited States. Arid
it may be important in. that adjustrrierit riot only to reciprocate, ori,fair
and equal principles, arid in a Hberal spirit, the cbricessions .Which mtif
be accorded to our commerce .by foreigri riations,\but also tp do justice
to our own citizeri's by meeting in a like eqaalspifit any heayy exactions
or prohibitions which foreigii nations may think fit to impose upon the
importation of our staple productidris. . . . . / ,
.
: ' '
Some legal provisions are also .required to cofrbct inei^rialities between
the duties upon sugaf and molasses arid the drawbacks upon refiiied
sugar arid rum manufactured or distilled'froiri foreigri materials;. ' T h e
relation between the duty and the drawback was adjusted b y the acts of
Januaiy 2rst, 1829, and May .29th, 1830, since which time the duties
have been diminished, while the dravfbacks remain the sarrie. And a:
provision of law declaring, that all rion-enuriierated ditible^ which bear
a similitude to any eriurnerated article chargeable ^with, duty, shall pay
the same rate df duty with the article which it most feseriibles, wbrild



Ji841.]

S E C R E T A R Y O F T H E TREASURY.

443

sa;ve a large sum annually to the revenue, and prevent much annoy ance
and litigation between the impoiter and the officers charged with the
collection of the customs.
;

I I . OF THE PUBLIC DEBT..

But it is not expected that any modification of the reveriue laws will
be operative to supply the imniediate wants of the Treasury, and to pay
the debts which fall due in the present arid in the ensuirig year. A
fuither loan is necessary to effect these objeets; and the orily questions
thiat can arise are, as to the mode of procuring the loan, the character of
the securities, and the assumed duration of the debt.
It w-ould, in the opinion ofthe undersigned, be unwise to charge upori
the coririmefce' or the resources of the countiy, in any form, the burden of
paying at once, or at all hastily, the national debt. Before that is done,
measures of restoration and relief are required. The currency of the
countiy should be restored, and comnierce and iridustry relieved from
their preserit state of erribarfassriierit and depression, and.a benign and
liberal policy on the pait of the Gerieral Governmerit should call forth
once more the har dy industiy and activie eriterprise of our people, and
the vast resources of our country.
. .
If we assume the period of. from five to eight years as that in which
this debt can be paid without iricorivenience arid embarrassment, (and
the time ap.pears td be shdit enough-,) we have one of the most esseritial
elemerits on which to form our judgment as to the best and most convenient mode in which the loan can be kept up,, and the credit ofthe Government sustained.
• Iri the iriception and during the progressive increa"se df a national debt,
the issues of Treasuiy notes, though .dangerous a;nd delusive, have yet
their advantages. They need not be issued faster than the actual wants
ofthe Treasuiy require, arid the power to issue any given sum is, for all
effective purposes of immediate expenditure, a fund in the Treasury
available to that amount. But wheri the debt has acquired its maximum,
and ceases to accumulate, or when it becornes larger.than t h e amount
necessary to be kept ori hand to meet the current wants of the Treasury,
these advantages disappear. This" mode of loan then becomes to the
Governmerit what the sale in inarket of new proriiissory notes for the
purpose of raising money to take up old promissory notes is to an individual. It is: the issue of. Treasury notes to take up other Treasuiy
notes year after year in succession, and under those' circumstarices it is
iricbnvenient and expensive.
. But the raising of money by the issue of Treasury'notes is objectionable, because it is deceptive. By this means a heavy debt may be
raised and fastened permaneritly upon- the country, the amount of new
issues being involyed with the payment of the old, while the people, a.nd
even those who admiriister the finances, may not be impressed w:ith,the
important fact that a riational debt is^ created or in the process of creation.
- . '
' .
.
Therefore, in the opiniori of the undersigned, when a national debt
does exist,, arid must continue for a time, it is better that if should be



444

R E P O R T S OF T H E

[1841.

made ^.fiundeddebt according to our ancient firiancial usage. It is then
sheltered by no cover, and is the subject of no delusion. It is open,
palpablef true. The eyes of the countiy will be upon it, and will be
able at a glance to mark its reduction or its increase; and it is believed,
that a loan for the requisite amount, having eight years to run, but
redeemable at the will of the Government on six months' notice,, could
be negotiated at a much less rate of interest than Treasury. notes.
Much expense would also be'saved iri.dispensing with the machinery of
the issue and payment and caiicelting of Treasuiy notes.
. , ,.
It is therefore respectfully recommended, that a sum sufficient to pay
the debt at present existing, and such as will,necessarily accrue in,this
and the ensuing year, be.raised on.loan for the time, and on the condi-^
tion above suggested.
,.
.' '
' . .', •
. ,
III. ON .KEEPING AND DISBURSING- THE PUBLIC MONEYS.

"

.

The undersigned would also respectfully invite the attention of Conr
gress to the present mode of keeping arid disbursing the. public moneys,
and also to the subject of the creation-or eriiploy ment of a fiscal agent,
to be charged with the performance of' these and other duties. , The
subject is one of great importance both to -the Government and to the
community. Such agerit or ..depository ought to unite, in the highest,
practicable degfee the safety of the public fiinds,' and convenience., and
economy in their administration; and it should, if possible, be so selected
or framed as to exert a salutary influence over the business and currericy
of the countiy. • -

- . ^.

'/•..''•

The inode of keeping and disbursirig the public mone}?",-provided by
the act of Juty 4, 1840, willbe found, on comparison with that heretofore chiefly used b y t h e Government, eminently,deficient, in a l l these
essential requisites, r The financial history of the United State.s, espe-'
cially for the last twelve years, furnishes abundant proof that the public
mone)7-is unsafe in the ^ custody of individuals," and that their, o;f[icial
bonds are no sufficient security for its safe keeping and faithful application. Within the period above nained, many receiving officers connected
with the Treasury Depaitment have .become defaulters to the Government. The aggregate loss from that cause within that period,"as shown
. b y t h e books of the'Depaitment, amounts to about $2,620,500, but a
sriiall part of which will probably be' recovered from their bonds. -It is
true that, in any system which can be adopted, some part oi the public
money must in the process of collectipn pass through the hands of individuals, and, be subject to 'their defalcations ; but the act of July 4th,
1840, extends and continues the risk beyond.the period of collection,and it subjects large masses, which in. the fluctuations of coinnierce
sometimes'accumulate, to the samedangerous custody.
Not only is the.pubhc inoney in the hands of individuals more exposed td loss from ordinaiy defalcations, than when deposited in a wellregulated bank, but the Government is also'liable to the risks of fire,
robbery, and other casualties occurring either in deposite or transmission,
from which it is entirely protected when a well-regulated barik. is the
depository and the fiscal agent.
,.
"
\



1841.]

S E C R E T A R Y OF T H E TREASURY.

.

445

The present system is, alsOj in, many respects, cumbrous and inconvenient. Its tendency is to centre the disbursements of the public
moneys at some ofthe eastern cities, chiefly at New York. That being
the great commercial emporium-of the United States, is the point at
which funds are the most valuable, and therefore the mdst sought'] hence
those who are entitled to payments out' of the public Treasuiy claim
them there. It. is true there is a general discretion in the head of the
Department:to refuse or grant the favor of such paymerits according to
its convenience; but wheri the currency is. deranged, and the premium
on exchanges is high, this, discretion involves discrimination to a large
amount amorig creditors equally entitled. ' It then becomes a dangerous,
discretioni and one that ought not to exist. ' But under the present sj^stem itcannot be avoided, save in a few cases,/without discharging every
public liabihty at the most :favored poiiit. This would at once centre
all the disbursements at a. few of the eastern cities, and involve the.
Treastiry in .the risk and experise of transporting the public funds from
tlie various points of collection to the-places of disbursement.
An item of less importance, but still worthy of corisideration, in settling
on a permanent and economical arrangement, is the direct expense of
;the preserit system, including the cdst of the buildings for the deposite
of the public money, and the salaries of the officers and their clerks
whb:rel3eive'and disburse it.. No portiori of this risk, inconvenierice, or
expense, need to be incurred where a well-regulated; bank is made the
fiscal agent, .
.
,. '
B u t t h e preserit sj^'stem is also, in. the opinion of the undersigned,
injurious to the business and currency-of the countiy. Instead of
permitting tlie ^ credit and' the finances of the ;Government to lend
their indirect.but efficient aid in sustaining the^credit and regulating the
currency, it brings into direct hostility those important interests. In the
progress of the system, a suflficierit ainount of gold and silver to supply
the wants of the Treasuiy must be withdrawn from circulation and
locked up in vaults, leaving no representative to supply its place iri the
general circulation.
' A large ainount also in t h e hands of those who pay to, or receive from,
the Treasury, is equally withdrawn from gerieral circulation, and made
to flowthrough those chaiinels alone which lead into and out of the
public coffers. All other avenues of commerce and intercourse are
thus deprived of their proportion of the precious metals.
Withiri the fifty-two years during which our constitutional Government has existed, we have had for two period's of twenty,years each a
bank chartered by Congress, as a depositoiy of the public^inone}^s, and
as a fiscal agent. We have, had also, at two intervals, amounting to
about nine years. State banks employed for like puiposes; and during
the remainder of the time, the funds of the Governirient have been'kept
and the finances adniinistered partly by banks and partly by individual
oflBcers and aLgeilts. The losses sustained by State banks as depositories
during the first period of their einplo5''merit, extending from 1811-to 1816j
agreeably to a statement prepa;r^d by the Secretaiy of the Treasuiy in
1833, and-revised and republished in 1837, were $1,000,676. In the
latter period, from 1833 to 1837, though no actual loss is believed to



?

446

R E P O R T S OF T H E

[1841.

have occurred, yet the Treasury and the cquntiy suffered inconvenience
and embarrassment from the fiscal arrangemerits with those, numerdus;^
and disconnected iristitutioris.. But during the forty years: that the two
banks, of the United States were the depositories of the public' money:
and the'fiscal agents of the Government, no loss whatever was-sustained,;
nor any .delay or any expense incurred in tfansmitting or disbursing, thei
pubhc morieys,. so far as the agency of those institutioris extended.Then j as- regards the wants, of the Treasuiy .merely, the- safety of the:
pubhc funds, and economy in: their administration,, experience hasr
demonstrated the superior utility of a bank, constituted arid adapted, by
Congress as a fiscal agent. It, has also proved to us: that.the. active
business of the. countiy, its currency, its creditVits: iridustry, .and- its: commerce, - are intimately- connected with an d dependent. upon the firiariciali
arrangements, ofthe G:eneral Government. If they-he wise andbeiiefi-^cent, theyindirjectly but efficiently prompte thdse great intef ests'of; the
people; if constant and uniform in their.action, they'give td those inter^
ests confidence and stability. '- ^
'
. <
:
Since the removal of the publiG deposites from the Bank, of the.United
States in 1833, the Government has-had.no permanent: fiseal agent and/
no definite financial system.. All has been;experiment, transferj;and:i\
change.. The business of the country has yielded to the unsteady;
impulse,, and moved forward with wild irregularity; at one-tirney. stim^ur-/
Iated to excessiveaction, at another, sunk into lethargy.- And. iu provir'
ding forthe warits ofthe Treasury, it is surely important to look also-to'
the wants.- and the welfare of the community^ from the products of whose
industry the Treasuiy is. supplied.,
'.
'•
.. And as: regards those great interests, we find the testiirion-y.of past:,
years isno.less distinct and" strong-in favor- of a -mone5red institution^,,
chartered by the General Government, and possessed.-of .its confidence?;
arid credit. The period ernbracing. the last- ten years- of the existence::,
ofthe late Bank ofthe Uriited.States as the fiscal agent, is fresh iu the':
memoiy.of us all,-and is looked back to as a period of great public j
prosperity; and though other causes did doubtless cooperate to produce;
that favorable condition of things,, yet one of Hhe g.overning principles
on.which depended the.steady advance of^ the country in. commerce, in/
industiy, and in substantial-%vealth, was the ex;isterice ofja fiscal agerit,-:
estabhshed: by the General; Government,; and cbarged with, the-^equali-rzation of exchanges and the .regulation ofthe currency.. . '
:
In thepresent conditiori of our country, the relief to be anticipated, .
from such: an institution, cannot be immediate', but: must' be the work- pf:
time. The business of: the-cpuntry would,, ho we ver; ivi: the opiniori: ofthe undersigned, steadily and certa.inl}^ revive: under its .influence. <
In whatever point, of light the undersigned: iS; able to view this-subjectv .
he is irresistibly led.to^ the conclusion that such fiscal; agent,,so framed^
as to possess those important functions-,-is alike essentialtcthe wantsfof •
the Treas.ury and: of the community. Such: an- institution should'befi'amed;with. deliberation, for it must have high;.drities-to^perforin> dnd extensive interests to protect and promote-;, and it should be granted.withcare, for itwill be liable to great and dangerous, abuses. "As the fiscail
agent ofthe Government, and effective regulator of the curreney in a:



1841.]

SECRETARY OF T H E TREASURY.

447

.wide-spread community, it should be steady and uniform in its action,
a-nd jfixed and stable in its character.
The.Uridersigned has no doubt of t h e power of Congress to create
such an institution... Experience has proved its necessity to carry out
o.ther expressly-granted powers; it-has been exercised and recognized by
the legislative and executive departments, of the Governnient during
four-fifths of the whole period of our-natiorial existence; arid it has
received the uniform sanction of our highest judicial tribunal.
Yet that power has. beeri questioned by many wise and patriotic
statesmeri w-hose opinions are entitled:to consideration and respect; and
in a mea.sure, like this, of high political import, which, if wisely con,ceived arid cordially coricurred in, must have a great and enduring
.influence o u t h e prosperity ofthe countiy, it is important, as far as possible, to obviate objections and reconcile opinioii.
If such, an. iristitutioni cari be so eonceiyed in principle, and guarded
in its djetails, as to-remove all scruples; touching:the question, of constitutional power, and thuS; avoid the objections which have been urged
against, those ;here,tofore created. by Congress, it will, in the opinion of
the undersigned, produce the happiest results, and confer lasting and
important benefits ori the country..
/ -'
The;uridersigned/the;refore. respectfully, recoinmends the.creation of
such fiscal agent, and the repeal of the,,act of July 4th, 1840, providing
*'for the collection, safe, keeping, fra.nsfer,.and disbursement of the public revenue," except the penal provisions thereof, which will, probably,
require.reyisiori and modification.
.*
All v/hich is respectfully submitted. .
, ••
•. :
•• - . T . E W I N G ,
:
'
•
^ Secretary ofi the Treasury.
TREASURY DEPARTMENT, June 2, 1841.




A.
00

Statement shoiving the Balances ofi Appropriations outstanding on the 1st ofi, J a n u a r y and Ath ofi March, 1 8 4 1 .

B a l a n c e s .of
appropriations
outstanding on
Jan. 1, 1841.

Expenditures, Balances, of old
from Jan. 1 to
appropriations Definite appropriations 'for
March .3,1841, outstanding on
inclusive.
March 4,1841. 1841.

Civil list, miscellanepus, and
foreign intercourse.....
$2,059,265 07 $943,517
Military department....
8,506,103 63 2,173.097
Naval department.....
;... 1,740,896 65
759,349
Public debt.....
3,612
Treasury notes147,590

Totals

Permanent and Total of appro- B a l a n c e s of
indefinite ap- priations for appropriations
. propriations
• outstanding on
1841;
for 1841.
Mar. 4,1841.

$1,115,747 93 $3,257,259 85 $864,226 50 $4,121,486
6,333,006 52 8,753,384 90
905,503.73 9.658,888
1,384 64 5,928,621
981,547 05 5.927,337 00
10,000
10,000 00
^5,431,421 17 5,431,421

35 $5,237:234
63 15,991,895
64 6,910,268
00 . 6,387
17 5.283,831

28
15
69
30
08

O
Ul

O
,^
H

12,306,265 35 4,027,166 64 8,430,301 50 17,937,981 75 7.212,536 04 25.150,417 79 33,429,616 50

* T h i s is estimated to b e the ainount w h i c h will b e required to r e d e e m the issues urider the acts of 1840, a n d previous
y e a r s , outstanding on the 4th of M a r c h , 1 8 4 1 , v i z :
'
- •.
..
'
,:•
'
. -I s s u e d prior to J a n u a r y , 1841
_,
..._...,.......'...:...
..$3,87.3,220 00
I s s u e d from 1st of J a n u a r y to ,tlie'4th of March, 1841, w h i c h a m o u n t m a y a n d p r o b a b l y will b e pres.ented
"
.,
for p u b l i c d u e s during 184,1
.'
.
...".... ,..
. ' . . ' . . . . . . . . V . . . . . . . . . . . . 1,110,611 08
Interest, estimated at a b o u t . \
•.
,
:.,.
.-.., - - . - . .
. . . . . -. -'....
.300,000 00




$5,283,831 08

CO

i^

1841.3

SECRETARYOFTHETREASURY.

fi:.'fi-fi.

449

;/......;^._....,_•._•• ......B... •.. .• / \ - . : ' ^ ' ' \ ' \ ^ . ^ r ' f i ' : ••• ••

Statement in detaiiy showing the balances subject to drufit on the Ath ofifiSfiarch./
V• - . .
18.4^1 J in hands ofi the severqlfiTredsu^^
.
.
•

;

;

•

;

•

'

•

'

•

'

•

;

•

Treasury .of the •United Statesj at.. .J. .Washirigton.'...-.'-... $86,586 -34
Isaac H i l l . : - . : . R e c e i v e r G e n e r a l . - . v B o s t o n . . . . . . . . . . . .
65,977 85
Stepheii, Alleri.^J,.. .;^;;do. J , . . : ; . . ...New York . . . . . . . . 141,156 09
Joseph J o h n s o n . . . . : . ; . d o . . . . . . - - -. - Charleston, S; C . . . . .. 7,885 71
George, Penn."'.-...".-.,. .^do.,.-..-,.... /St* Louis, M o . : . . -. -. 241,627 42
Wrri. Findlay:... Treasurer of Mint...Philadelphia : . -...;•
3,565 12
'H.-G..CariimaG.k, Tieasurer
,.,--.. . 88,519 45
• Wm.-^Frick.. 1 ;'CoU^^^
.: 2,.293. 86
Thonias; NelsoriV'- .>i 1 .do... ..,;...••;^Richmond,;Ya;;...,,: . 1 , 3 1 5 89
•I;./H. Marsteller
1,685 85
...A,vB.; Fanriin*Jv.> ^.;;.;;: .do. •.'. . . 1 ...... Savaririah > Ga. L.; v.. ': 1,001 06
'Johri:BvHQgari..:.>,-., .>do.C-;- - v-:-- vMobiley^la;::
; 6,043 46
i.Liitton::...• i-^:.^ .do.'., i.L.-V^,.-.Nashville,'Tenriv..
• 296 98
J>:;K Wairen. ..•; ^.' -;. ^;do..'....^-i.'-....Gincinriatij;O.;;. ^ . . , ' . ; 33 12
.Jphri Coates^ Receiyerpf Pub. Morieys :Chillicqthe,:Ov /:•/ .;^ • •:.':. 1 0 3 24
^ipods-:Mabu.ry:, ^ .-;-:-'•.:- do.;,. ; : : . ;.-jv Jeffersonville j lav fi-: • •9,477 28
Eli-^.^Prescbtt^
::;•:. 85,021 47
Isaac; :McFari:ari^:-'.;. .Cdo. .L-.'w;:^^.-Jacksori,: MfesVc.^ . ^ 4,764 65
P : TUGrutcHfiel4:l.;.. . d o . ; fifi:fi, / , .LittleRock, Ark. / J / . 2,870 38
,1749,125 12
\-^'-\''/.]'/:'/.fi•••:'••• • '.^ / . ' ^ ^ \ Q o l f i e ( f i o r s c f i " : G
. JbhriJ'Andersbri :'•.. ;GQl]ecfer,.at;...J;. V_;Pbi^

-../
.-fi.-/ :• $1,631 I T

• A.:.W;:'.JIyde-..^;.;/^
;JSainiif 1 .Phillips;.; fi -.•^;. ^dG). .^vl fi 1'. v.Newbuiyport;Mass* .
W . R.^ Darifqrth;. .J;. .^^ Ji do.:.':,fifi_^ ^fi. Providence, R. I....
•;N;„H;Phelps y:-..:.'v'.%
.
.Geprge^Holt-..\ . . ..^.. Jdo.^ -•.fi.."^^^
^Md*-: ;:
Jphri. W. iCairipbelL;...,d6y. fi.: ^.•..: /'./Petersburg^ Ya...-.-..l
.Joseph Ra;nis.ay :'.,l"...:do;,...... .\'^^^
C......
•.T. -S. Singletori .*.^.. .•. /do..:: I . . : . : . iNewberri, N; C.:.-..:
:
•°G..W.'Ciiaries:..'.;.::,.^^
Ni P . Portei^l :> . . .•^•... ido./..-,».^.:. .Tu6uisvilie,j* Ky* .,;•.

9 68
.600 00
..934 29
1,607 19
; \ 7 0 0 00
740: 32
. 16 24
250 00
623 79
11 19
$7,023 87

-.';'. '

3,i Receivers ofi Piiblic;.Money.^^

John C aid well:;. .Receiver,: at.
John CoateB- fifi:fi\ : =do.^- :'.
Win.. Blackburn . . . . . . . d o . . . . .
• C,.Hurriphi'eys......'... . d o . . , . . .
John Hall.
. . , . , . .do.. / . .
VOL. I V . ~ 2 9 .



$475 18
1 iBucyrus; Q; : . . . i,;
. .ChiUicothev'O.. V^ - - . ; 898 64
...Liriia, O..^-^,'.. .;•. . .
7,778 41
•. . M i r i e t t a / O . : . . . . . . .
168 13
299 52
.,Zanesville, 0 . . . . . .

450

REPORTS OF T H E

[184L:

Marks Crume
Receiver, a t . . -. - . .Crawfordsville, l a . . ^ $4,191 19
James H. E l l i o t t . . . . . . d o . . . . . . . . . . Winnamac
13,300 69
Seton W. Norris. - . . . . . d o . . . . . . . . . .Indianapolis, l a . . . . .
991 41
L . R. N o e l . . : . . . . . - . . d o . . l . . . . . . . D a n v i l l e , I U . . . . . . . .
. 600 jOO
Isaac Prickett
. . . .do.
Edwardsville, 111...
10,320 63
John Dement. . - . - . . . -do.. . - ' . . . . . -Dixon, J U . . . . . . . . . .
6,934 57
A. C. F r e n c h . . . .
.do.... Palestine,111.......
7,655 80
S. C r a w f o r d . . . . . . . . . - d o . . . . . . . . . -Kaskaskia, 1 1 1 . . . . . 2,380 00
S. R. -Rowan
do.Shawneetown, 111:. . 1,3_00 00
Samuel Leech
, . . .do
Quincy, 1 1 1 . . . . . . . .
3,610 88
John Taylor:
do...
. . .Spririgfield, 1 1 1 . . . . .
7,073 ;29
Uriel Sebree
..'.. .do....
.'.Fayette, M o . . . . . . .
6,216 79
Felix G. Allen.
do....
. . .Jackson, M o . . . . . . . - 4,835 12
Daniel Ashby ..,
. d o . . . . . . . . . .Lexington, Mo.. I . .
18,173 18
Abraham Bird
, . . d o . . . . . . - . . . . .Palmyra, Mo.. ..,'.. 11,842 48
;J. P. C a m p b e l l . . . . . . " . d o . . . . . . . .-..Springifield, M o . , . . ' .23,554 5^
.Matthew Gale
. . . . d o . . . . . . . . . .Cahaba, A l a . . . . . , .
7,315 47,
.Samuel Cruse . . . . .
do.
.Huntsville, A l a . . , . . ,
657 13
Nimrod E. Benson
do....,
Montgomery, A l a . . . . . 4,708 44
W.E. Sawyer........do.. .......'.Coosa, A l a . . . . . . . .
3,130 92
A. D. C a r e y . . . . . . . . : . d o . . . . . . . . . . S p a r t a , i ^ l a . . . . . . . . 2,448 73
E. F . Comegys
. . d p . . . . . . . . 1. .Tuscaloosa, A l a . . . .
760 58
A. H . H a l l . . . . , . . " . . . . d o . . . . . . . . . . A u g u s t a , M i s s . . . . . ;
3,550 00
; J. A. Girault
d o . . . . . . . . . . . Grenada, Miss......,100 15
E. B. R a n d o l p h . . . . . : . d o . . . . . . . . ' . . :Columbus, Miss...,.
535 82
.Anthony W. Rabb. . . . . d o . . . . . . ' .
Washington,^ Miss. . fi-1,425 89
Benjamin.R. G a n t t . . . . d o . , .
. . . .Opelousas,. La...
1,100 02,
_H. Holmes
..do..........Ouachita, La......*
8,316 39
Thomas C. Sheldon . . . d o . . . . .
. i .Kalamazoo, Mich.:
85L 83
Jonathan Kearly
do
.,. .'. .Detroit, Mich. . . . . " .
1,619 62
W. A. Richmond. ^ . . . .do..'. .... : . . .Ionia, M i c h . . . . . . . .
1,149 27
Paschal B e q u e t t e . . . . . d o . . . . . . . . : : . .MineralPt.,.W. T.-.
^ 4,234 30
L. S. Peese'.
. d o . . . - . . . : . JvGreeri Bay^ W. T. . ' 2,030 19
RufusParks.
do.-. : . . . . . . .Milwaukee, W . T...
20,883 79
. D. J. Chapman . . . . . . . d o . . . . . . . . : -Batesville," A r i ^ . . . . ' . 67 87
Matthew L e i p e r . . . . . . . d o . . . . , . . . : . .Fayetteville, A r k . . .
2,913 84
Edward McNamee . . . . . d o . . . . . . . : " . ^. Helena, A r k . . .
2,550 00
' L. C. Howell.: . . . . . . . d o . . . . . . . . : : . Johnson C.H., A r k . . . 25,430 57
Henry Washington. '.•... do. 1 . ' . . . . . . : .Tallahassee, F a . . . . , " 233 - OT
George W.; C o l e . . . . . :do.. . - - . . . . .St. Augustirie, F a . . .
, 39 67
S. M c K n i g h t . . . . . . . . : d o . . . . . . . . ; . ; .Dubuque, Iowa. .e.. ' 9,633 83
Solomon Clark, (Chickasaw lands)'.. .PontotoCj Miss..
6,464 62
;^
•, / • .
. .
, $244,752 50
From which deduct the following overdrafts:
Oh Jarnes W. Bordon, Receiver, Fort Wayne, l a . . $160 50 ,
Daniel T. Welter. . . d p . ..Washington, A l t . .6,980" M
/ V. p . Van. Antwerp-:; d o . . , Buiiington, I o w a . . 3,100 00^^^^
40
;•;

• ;-•

" - . " • '




' - ' - ' f i ' •'''

V. .

- , <•

•, • $ 2 3 4 , 5 1 1 i t f "

1841.]

S E C R E T A R Y OF T H E TREASURY,

i461

4. Banks—Special Accounts ofi Specie,
Bankof America, a t . . . . . . . . . . N e w Y o r k . , . .
.......
Planters'.Bank of Mississippi.. Natchez . . : . . . : . . . . . . . . .
Uriion Bank o i Tennessee . -.. .Nashville . . . . . . . . . ' ^ . . . . . .
Bank of M i s s o u r i , . . - , . . . . . . . . S t ; Louis ."."...
\......
••

• ;• '.^
. •'

•,^

•

• --.

•; •

"

r

$3,007
2,388
96
44,550

. '.

82
76
00
00

$50,442 58

5.. Mint and Branches—fior purchasing Bullion/ ^

Mirit ofthe United States, at. .Philadelphia..... . . . 1 . . . . .$139,913 78
B r a n c h M i n t . . . , . . . . = . . . . . X h a r l o t t e , N , C . ' . . . . . . . , ; . . . . 32,000 00
Ditto
w . . . . . . - - . . . . . . .Dahlonega, Georgia!........ 20,000 00
. ' -Dittp.
- . J. .New Orleans, La. . . . . . . . ; . 23,238.10
: .fi
' ." . f i : / ;•/-.;';.- ••••:•
— .
$215,151 88
6. Banks—-^Bdlances ofi Deposites prior, tp the suspension in 1837.
Bank:of MichigaUj a t . , . . . . " . . D e t r o i t ' . . . . . . ' 1 . . . . . . . ' . . . . $28,251 90
Planters' Bank of Mississippi. .Natchez .1 . .'^..'
72,177 47
Agricultural BankofMis'sissippi do. „ . . .^..
28,934 26
" '
• ; ,

" ' • • ' • '

• '
•.

'

.

' - : • .

';

/ • • • , • •

'

• ' ;

:
" • , "

• •

.

; : : • •

$129,363 63
'

,

^

—

—

^

.General depositories, urider act of 4th July, 1 8 4 0 . . . . . . . .
.Collectors of c u s t o m s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Receivers'df public money . . . . . . . . . . . . . . . . . . . . . . . . . .
Banks—special accounts pf specie •..- - . ' . . - . . . . . / . . . . . . .

$749,125
7,023
234,511
50,042

12
87 .
10
50

''.
' . / • ' • . - . ; • ; - ' / • • • - . : ^ / . / '^ . '.-• :',.-^ ••;•.•',.•': $1,040,702-5.9
.Less amount of outstanding drafts on suspense accpunt..
93,798 66
. -' ., -.fi:.
' Mirit and Branches for purchasing bullion..

•

':'..'/'.''

' '•• : 11,162,055; 81

' -'~-:r-'.\' • [

'. • '•^/ V^ ^^•'••• •'

. •

Bariks^—balances of deposites, prior to the suspension in
^ '1837 . . . . : - . : . : . . • . . . • . . . . . . . . : , . . . . • . . ; ^ . . . : . . . - . - . . . . . , . •
TREASURER'S O F F I C E ,

• ••--•'• ^

•• •• •; . \

946,903 93
,215,1.51 88

$129,363 63

iX<^2/27, 1^^
fifi.
.. •; -W. SELDEN,, Treasurer United'-States i

. ' ,
Aggregate as above.'--..... . . . . / • . . . . . . .
$1,162,055 00
Deduct amount in, Mint arid Branches for ; . '
purchasing buUion for coinage. • . - . . ' . . .$215,151 88
^
Trustfunds..
. . . . . . . , . . . : . . . . . . . . 300,000-00 .. ' / '"\./.-..: .-fi^y fi''^ ;:•;<./';• -.': ^:.-'V. . . : . : . : • .5.15,151.88
'

,- - • AvaUable means„^o\..»o. v . . o-;Vv»-r^^




O

, R E C APITUL ATIONi

$646,803 12

452

REPORTS OF THE
}

'

-Q.

•

•/-••

. c . ^ - . • • • - - •

[1841.

•'

Stdtement in 'detail/showing the Balances mtbject .ta /drafit on the first day of
Juiie, 184cl,'in the hands of the. sevefdlTre^^^
''•"/' fifi.

' '•'"•'•
'l.-GenerdlDepositoriesuMer act ofi.Ath. July:,.1B4:().^'". . "
Treasuiy of the.United States at Washingtpn . . - . . . . ,
, $204,105 15
Sa;inuel Frothingham, Receiver General, Boston. . . . .
Robert C. Cornell.. J .•;'.. .^do. 1. -i-: •. .New York ^ ^ . 121,904 21
Jacob G. De L a Motte,
do. . . . . . .Charleston...
;• 19,885 •.42
Xe Perin'.'.\-..'...^*.v....dow . ; ! . : , iSt.Louis^.. :.
' 119,105 77
Wilham Findlay, Treasurbr of Mirit,""Philade^^^
: : . : ' : . • • 83v()79'3^5
H..,C.;;Ca;mmick, T.reasuf^^^
Orleans -100,667 25
^ N . F . Williams, Collector of Gustom'sj'Balu^^
.- ^-"-•.. 51,042 28
Thom.as Nelspn . . . . . . . do.
. . .Richiriond . . . . . . . . . . ••'. : •-•'7 15
ii. H. Marsteller.'.. 1 . . .do
. . . ..Wilmington, N. C, ...
.1,036: 18:
James H u n t e r . / . . . . ' . . . . d p . . , . - . . . . S.avaiinah..
^fi ' -^ 22 48
John B. Hogan, late . . . d o . . . . .'.J.Mobile V l . . . ' . . - l - V ^ '
'537 16
Jairi;es P e r r i n - . . . . . . . . .do..... . . . - . -do.: , . . . . , . . . v . . . . .•';fe,758'47
J o s e p h ' L i t t o n . . . . ; . . . .'do.... - J-..^Nashville'^,. .".i .:"ji.,, ; : 116 59
J. B; Warren . . I . . . . . . d o . . . . •.. .• •-Cincinriati . . . . . . . . ' .
r- 46. 46
Woods M a b u r y . . . . . . . - d o . . . . . . -. Jeffersohyille, Indiana
13,373 29
Eli S. Prescott. . . . : . . . d o . . . . . . . . Ghicagp, Illinois . - . : . - 50,728'54Samuel Cruse. . . . . . . . . . d o . , . : . ^ i •Huritsville, x\labama.
8jl29 91
P. T. Crutchfield . . . . . . . d o . . . . . . . . .Little Rock, Arkansas •. 2,589^44:
John M c D o n e l l . : . . . . . : .dov-.^i:-. .Detroit, Michigari-;w
• $785,135';B
Peduct the followfng overdfafts:' .' • . /; / . • /
^
S'am'l Frbthirigham,'Receiver Gerieral,'Boston, $43,259 12
J. McF arren. Receiver public moneys, Jacksori,
288. l l
.4:3,547|_23' $739,587 89

2. Collectors ofi Customs..
;Joseph Sewall . , .Collector, Bath, Maine
. d o . . . . :Provideiice, Rhode Island,,
W.R;. W a t s o n . .
Janies Donaghe .. . . . d o . . . .New Haven, Conriecticut..
G. Hoit \ . •...'.•.::: . - .do.. -. .Cherrystone,";Maiylahd".'. 1
j . S. Singleton . . . . .do.. .'.New.berri, North ^Carolina.
J . H. 3 l o u r i t : . V .\ '. . \ d o . . . .'Wa;shiiigt6n . . . .do. . : . . .
N . P . P o r t e r . : . . ' . . . . . d o . . . .Lpuisville, Kentucky . — ' .

• :$70d 00
1,921 13

6o:o Oo
;••••"

T'oo-

00

10,0 00

350 00
'71
• • 147
• $4,418 8 4

3. Receivers ofi Pu])lic
.Receiver, Bucyrus^ Ohio..
J. C a l d w e l l . . . vv:
John.Coates-.. -:-'i •..-,.do.^. - .Chillicothe, do.:
. C., Hririiphrey s .;-r^ rv7-.d0vC-- .Marietta,. do.
; John H a l l . , . . - i . ,. ii. d o . . . . Zanesville, do.
Marks Grume, k t e : i . , .do.... .Crawfordsville,' Indiana .



:-•-- . $ 2 1 2 68
• , 378 65,

199 79
299 52
, =
. •

80265

1841.]

SECRETARYOFTHETREASURY.

453

J'. W . Borden., .'i .Receiver, Port Wayne, ^Indiana . .v . ' $95'056 .65;
J . Beard . . . . . . V . . : . dol:.V. Crawfordsville,. do. . > - . . ; .
'^25 00
Seton W,'Norris . v . .do
.Indianapolis,.
do
2,591 41
J . . H . E U i o t t . . . . . . . - -do
'.Winnamac,
do
614 13
Thomas Scott .
.. . d o . . , . .Vincennes,
do
8,490 15
L. Ii. Noel
^ . d o . . ' . . .DanviUe,:; Illiriots.
. . . • 800 00
Sam'l MeRoberts,4ate d o . . ^ . . do.
."' / d o . f i . J . / . . . ^ . .^^1,822;28
J . P r i c k e t t . . . . . . . ^ . . .do.. .•^. .EdwardsviUe^ d o . . . . . : . ^ : v - ^ l , l 8 2 ; 5 3 '
. J b h r i D e m e n t . . . . . .^ . d o . . : .^Dixon,
d o . ' . . : - . - . -.
9^510. 00
Si Crawford ..%. . \ . . . d o . , . .^Kaskaskiay • do. .1 ^ . : . . . . .
3,911 00
A. C . F r e r i c h . . . . . . . I d o . . . . .Palestine,
do.
7,655 80
S. L e e c h . ' . . . . . . . . . . . d o . . . . . Q u i n c y ,
do..........
4,463 78
S. R. R o w a n . . . . . . . . . .do.. . . . S h a w n e e t p w n , d o . . . . . . . -... . 5,140 62
John Taylor.;. . . . . . \ d o ; . : ^ .Springfield,
d o : ; . . . ; . : . . . '7;694 05
H.^.Smith.;.l.^...'... ...do.-... .Vanda^^^^
do. . . i . . . . . . - ;3,448 06
Uriel: Sebree. . w . . . . . . d o . , .r.:. Fayette,
/Missouri......
% 9 7 0 37^
F / G . A l l e n : . . . . . . . . d o . ; . . .Cape Girardeau^ do. . . . . . . . . ' ' 8;165 85
Daniel Ashby. . . - . " . - . d o . . . . ' . Lexington, .
do. •. J . . - . . 3.4,143 25
P a r k e r D u d l e y : . . . ' . .do.
Palmyra,
do. . . . . . . . , 4,133 00
J. P . : C a m p b e U . . . . . . d o . . , . ..Springfield,
do. . . . . . . .
2,401 45
Matthew G a l e . . . . . . . d o . . . . .Cahaba,.
Alabama
...
..^274 38
N.E. B e n s o n . . . . . . \ . d o . . . . .Montgomery, d o . . . . . . . . . " . ' '4,553 34
W . E ; : ^ a w y e r : . /.L-. .dp.. . . .Coosa, ' 'fi - - d o : . . . . 1 . i . / ; tf,108 67
Armistead p . Carey:; d o . . . ..Sparta,
' do^ . • . . . . . • : . . . 2,136 26
E : F 1 C o m e g y s . . : . ; .do.....Tuscaloosa, . • d p . . . . . . :.;.v
947 37
A.H.Hall.?^. /
. d o . . . . .Augusta, M i s s i s s i p p i . . . . . .
.3,502 9i9
J. A. Girault
1. .do.. ... .Grenada,
.do.
. 199 93
E . B. Randolph . . . . . d o . . . . . iColumbus,"
do. . . . . .
~, 1,023 77
A. W . Rabb..-.!,,...dpi.,.;,.. Wa^^
d o / . , . . . . . / , • ^,209 99
B. R..«.Gantt".....'.. . d b . . . . .Opelousas, L o u i s i a n a . . . . . „ • ,1,050 02
H,: Holrnes . ..V.,^.-. 3p.\V:-'-Q^acbita, " ."x'^.^i I.-.fi/.fi.l ;' ;8,316. 39,
Thonias G. Shekldn". .do., r . .Kalainazpp, .Michigan.,.;.,.: .' , .125 82',
Jpriathari, Kearsley.... do..,
Detroit,
. do. : . . . . . . ' . .
6,53.4 55 '
Win;.^^A:.R^
dp.:........
881 46
p . J . Ghapriiari.:: .VVdo.:.. .Batesville, A r k a n s a s : . . . . .
^2,075 OO^
Mathew Leiper.:.-,.. .do., .l..Fayetteville,
do. .
: . . " ^ 5 , 3 5 9 17
E..MeNamee^.i^.. :..do.. . : : H e l e n a ,
do...!.:...
6,050' OO
k C. H o w y i . . , . . . .do.- ...Johnsori C. H., do. . - . . . . . . .
10,992-42
G . : W . C p l e / , . . ' , . , , ^..dp^^.-•• -SKAugustine,.Florida . . . . . . . , ; ; 9 42.
"
PaschalBequpfte.:. .do.. ..;.Mineral Point, Wisconsin Ter. . 1,083 71
t . T . P e e g e . : ^ . . i v . ..do.^.-...Green Bay,^^ . ^^
^
;. . 19
^ Rufiis P a r k s . . . . . . . ^do... ."iMilivaukee^ -' ^ d o . • . . . . .fi-'_22;pi5S 32;
V./P.' Van Antwerp. I dd.: : .-.^Burlirigtori, Iowa Territory.%. - ;7.;544:00
§. Mx^Knight- .V-., .v:do:: . . .Dubuque,^^• do.. - . . . . . : - ^S,871: 0 1
Sdlbirion^Crark; Chickasaw, Receiver, Pon^^
874 .39
-''./•'[
fi\'r^'^fi\;-'^'--.'. ; • " " - • •"^;",>'•'•' ; ' •
$217,852,54
From which deduct the foUovi^irig overdrafts r
t i ''•-•: . ^• •
Theo..J. Wilkinson^.Receiyer, St.;%^^
^$49 81
Charles^ C.Hascail,^:.'^do^:.-Geiie^^^
.16'60



454

> REPORTS OF THE

[184L

Daniel T . Wilter . .Receiver, Washirigton, Ark.;.$5,729
Henry Washington , . . d o . ..TaUahassee, F l o . . .
12
'•_/•"••-"
• ' • • ; •; 'fi'.- • ' ".
.
'fi^
'
• :
, . /
• - •
' • "[^ -^

98
60 „ > '
;. $5,808: 99'
• $212;043 55

4. Banks—Special Accounts* ^ '
Planters' Bank of Mississippi, N a t c h e z . . . . . . . . . . . . ; . . : . . , ,
.. $2,388 7 6 '
Uriion Bank of Tennessee,^ N a s h v i l l e . . - . . . . . . , . . . . . . . . . .
, 2 .00
Louisville Sayings Institutipn, LouisviUe, K e n t u c k y . . . . .
1,062 31
. Bank of Missouri, St. L o u i s . . . . . . : . . . . . . . . . . . , . . . . . . . . . ^ . 44,550 00
48,003 07'
.5^'^iJnited States Mint and Branches-—fior purchasing Bullion^ •
Mint of the United States, P h U a d e l p h i a . . , . . . . .^... ^ . , , .^ $104,960
Branch Mint, Charlotte, North C a r o l i n a . : . . . _ . . . . . , . , , . ,
32,000
. :Do.
Dahlonega, G e o r g i a . . . . . . - ' . - . . . . . . : . . ^ . . . ; 20,000
; Do,^
New Orieans, Louisiana. . . : . . . . . . . . . . f i ',, 23^238
''••;
-•;.•-, ;i . •.
- ., . . . •:$180^99

94ff
OOi
OOl
,10:
,04

6. BanJcs-r-Balances ofi Deposites prior to the suspension 0/* 1837.
';.
Planters' Bank of Mississippi, N a t c h e z . . - , . . . . ' .^. -..... .fi. . $72,177 47;
"
Agricultural Bank of Mississippi, Natchez;.......;....
• .28,934.26;
Bank-of M i c h i g a n . . . , . . . . : . . . . . .
. 1 . . . . . . ^ . , . : ^ ^ / . - . . , > ,28,251 9;0'
' - '^^'•••-'
. . • ' - y - - 'fi'-' . :•]'•'• . •/"-,-.. . . . $129,363 6,3
•

*
=

. ; R E CAPITULATION.

,

... .

'•

•

General depositories under act of 4th July, 1 8 4 0 . . . . . . . . $739,587 89
Collectors of c u s t o m s . . : . : . - . . . . , . . r---'---•---;:--^-- '4,418:84
Receivers of public moneys . . . . . : . . . . . : . . . . . ' . . . . . . . . . 212,043 5^
Banks, special accounts, including the'Bank of Missouri.' ' 48,003 07 .
'fi '•'.",• '•.. •-• • • ' - • • / ^ •• .
" ''^.'l^..}--fi ' ' . ,
'
$1,004,053 35;
Peduct^ambunt of butstariding drafts on susperisb kceourit
59,692^ 19
.. \^ -'-'V'
- " " - ' . .^••"'' . , • '• ' '''. / .. . •' '
,944,361 16
Add ainount in Mint and Branches fpr purchasing bullion 180,199, 04
\^•,.•'•••
. ' . : . . - ^ .'
/ . - \- •^... . _ , $1,124,560 20 •
,
Banks—balances,of deposites prior to suspeiisibri of 1837 $129,363" 6,3;
Aggregate,, as a b o v e . . . . . . . . -i> . . . . . . ......^..,.4.-....$1,124,560 20
Deduct amount in Mint and Branches tppfp,- ;.,-:, ^ ...
. .
^v
cure metal for. c o i n i n g . . : . : . . . ^,-.:::k-' $180,19.9, 04; ;
.. \ ;
Deduct, also, trust funds,.say . . . . . . . . . . i ; . r 300,000.00. . ; ; ; , :- .- '
. ^-:: V . ' - ••,i:.fi.--..--.:^/ • ^. • .:-! ,,,;
. ., :, . ' - .i,.480,199 04
Available b a l a n c e . . . . . \ . . . j :
. . : . . . . . . . , . : . . ' . . . . . $644,3.61.16
'

. • :

••

"

.

:

•

.

.

:

••

•

.

.

TREASURER'S O F F I C E j Jme




•

.

'

•

'

;

2, 1841; ,

WM.

'

•

' '
SELBEN;

• •

/

^

:

•

'

» > ii •

;.Trea5«7-er, U. S.;

.

D.

00

.Outstanding and fialling due to the Treasury, arising firom other sources than that of the ordinary revenue, which were paid u-j
./
between the 1st Januaryi 18S7, and 4:th March, 18^1,

..•
•

'

•

•

1837.; •;•, : . 1838.^ ;

1839. ;'

.1840.

Total.-

:

Bond of the Bank of the United States „. - . -.
; $1,364,965 44 $4,542,102 22

$1,774,513 80 •$530,049: 47 $8,211,630 93

Interest on public deposites..

304,479 17

128,816 3,5

$25,655 .48

Debts due from b a n k s . .

209,042 16

108,752 48

.: .37,283 ;o3




From Jan. 1- to
.• .
Mar. 3,1841.

.

Ul

o
>

74,116 62

532,967 62

o

: 7,070 7 8 • 18,000 00

380,148 45

M

$1,878,486 77 $4,779,671 05 ,; $62,838 ;5i $1,865,701 20 •$548.,049' 47 $9,124^747 00
' ,.
:

; ;

'

- •

'

•

>

-

' '.

Ul

ci

456

R E P O R T S OF T H E
'"'•fi-

;

[1841^

.-E. :^;

Estimate ofi the amount which will be receivedfirom^Customs in the last quarter
ofi the year 1841, and iii each ofi the two succeediiig years, under the proposed
modification bfi the revenue laws. ,
The average value of the imports fpr the last six years, in round riumbers, i s . . . . . : : . . . . . . . . . ; . . . . : _ . . . . . . . . . . . . . . . \ ; . $ 1 4 4 , 0 0 0 , 0 0 0 00
The average; value of exppris forthe sairie period, allow- ,
•ing 15 per cent, advance; for expenses and prpfits on
-trarisportation, has b e e n V . . . . . . . . . . . . . . . . . . . . . . : : ; $ 1 3 7 , 0 0 0 , 0 0 0 00
The average anriual value of the iniports for a series of
-'fi
years to come is, uponthese data,.estiniated a t . . . . . : $ 1 4 0 , 0 0 0 , 0 0 0 .00
The articles proposed to be admitted free of duty are
; '/
estimated ^ a t . . . . . . . . . . . . J . . . . . . fi. . f i . . . - . . . . . 14,300,000 00
Which niakes the average estimated airiount of dutiable - '--. -'..
articles......
. . . . J . . . ; . . . : . . J . . . . . . . . . . . : .$125^700,000 00
Which at
revenue
Estimated
Estimated

20 per cent, would; yield .an annual grossoL
. . . . : . : . . . . : : . . . . . . . . . . . . . . . . . . . ^ $25yl40,000 00
deduction .for d r a w b a c k : . . : . $3,0O0,00O 00
; ,;.; ;
deduction for collection
... 1,250,000 00
' ', , .. .
1
,
/
''•: .' :..-- ".
4,250,000 00

Net revenue at 20 per cent; . . . . . : . . . r . : . . . : . . . . . . . . . . . $20^890,000 00
The imports for the last.quarter of 1841^6wing to the depressiori of
business, • are. estimated to.; faU below the general average .for the last
six years. But a considerable: addition to the. revenue for that quarter wUl be received frbm articles paying a higher dutythain 20 per cen^^^
Theriet reveriue is estiniated at.;., .v.'. fi.......... i.-. $5,300,Q0O 00
For the year. 1842, during which the;same; causes are ,
^
expected to operate to some extent, the net revenue is
.' •.'.•]'• ^
'
estimated at.../ . . . . : . . ; . . . , . . . . . : . . : .V. :^:^ - . . .'.'.^22,500^000 00




1841.]

.

SECRETARYOFTHETREASURY.

457

[Enclosure.]—No. 1.-^Imports/rom 1834 to 1840.
••

-

•

-

•

-

•

- • ' . - [

-

• • • • •

• • '

Year ending 30th September.

; ,

-

: VALUE'OF IMPORTS.'
Paying duty.

Free of duty.

.

j

Total:

1834..........-.....•
168,393,180
$58,128,152 • $126,521,332
.••1835-.
. 77,940,493
71,955,2,49
,149,895,742
•1836
• 92,056V48i:
97,923,554
189,980,035
:.1837....
•.
69,250,031 -.-^•71,7'39,'186
140,989,217
,:1,838......-...,.
60,860;005
62,857,399
113,717,404 1
1839..............
76,40i;792,^ • • 85,.690,340- -1.62,092,432
1840..............
57,19^,304;
49,945,315 - 107,141,619
; Aggregate, value.,..

$502,098il86- ••'$488,239,195. .$990,337,381.

Average of 7 years.; = • i7l,728:,312 • $69,748,457
TREASURY D E P A R T M E N T ,
• REGisTER's O F F I C E , June

$141,476,769 i

2, 1841.
- T . L; m i t R , Register.

Value ofiJExports ofi domestic andfioreignproduce firom 1834 to 1,840.
VALUE OF EXPORTS.
Year, ending 30th .September.

Domestie and foreign 15 per cent added.
produce,' (Ste.

|
Total.

$15,650,546 $119,987,519 1
18,254,037
139,947,614
19,299,456 " 147,962,496
' .17,612,906
135,032,282
16,272,992
12'4,75.9,608
18,154,262
139,182,678
.19,812,892
151,898,838

$104,336,973
1834...........
121,693,577
1835
.........
128,663,040
1836........
117,419,376
"••1837.^..........,.
•1838.-.......•
" 108,486,616
121,028,416
1839.............
132,085,946
•1840.............
Aggregate v a l u e . .

$833,713,944

$125j057,091

$958,771,035 1

Ayerage of 7 years.

$119,101,992

$17,665,298

$136,967,290 j

TREASURY DEPARTMENT,
REaiSTER's O F F I C E , Ji^Tfe




.

^

2,1841.
T.. L. SMITH, Register.

458

R E P O R T S OF T H E

[1841.

No. 3.
Estimate of Dutieson the average value of Impons from the ZOth of Septemher,
1834, to 1840, inclusive.
Average value of imports d u t i a b l e . . . .
Average value free of duty.
, From which ded uet—
Articles imported for the use
ofthe United State.s
$4,250
Bullion—gold and silver.. .1,064,230
Specicr^gold.and silver.... 10,481,410:
Quicksilver
,.
217,096
Opium
179,824
Indigo '.
: . . 921,984
Sulphur..
85,937
Crude saltpetre.
373,669
Tin in plates .and s h e e t s . . . 1,010,280

. $71,685,3,47
$72,284,167

: . .- . . .

^ 14,338,680

-.

67,9,45,487
$129,630,834

$129,630,834 at 20 per cent.'.
TREASURY DEPARTMENT,
REGISTER'S O F F I C E , June




".\

. .

$25,926,167

2, 1841.
T. L . SMITH,. Register.

•4.

-1.-—Receipts and Expenditures ofi the Gpvernment, exclusive ofi trustfiundsand fiunds arising firom loans and Treasury notes, firom ^
~ ' fi 1st ofi. January, 1816, to ^Ist ofi December, 1836, inclusive.
'
>^
RECEIPTS.

-From Customs.. :

./•.Lands..'

Miscellaneous..

.

;;

EXPENDITURES.

Total.

Debt and interest
exclusive of payCurrent expenses. ments • arising
from loans and
Treasury notes.
'

Dollars

•

'

"

Ul
Total.

W

a-

'

454,317,403 16 79,408.379.79 27,693,957 37 561,419,740 32 ~ 320,670.975 83 208,792,127 44 529,463,103 27

!>

•

o
AnnuJ|l;average. $2i;634,l62 05 $3,781,351 41 $1,318,759 87 $'26,734,273 33 $15,270,046'46 $9,942,482 25 $25,212,528 .71
..Average annual receipts
--,-.--- - - : - —
$26,734,273 33
• . Average anhuki expenditures for current expenses, as a b o v e . . . . 15,270,046 46
' Excess of average annual receipts over expenditures for current
expenses
.'
.$11,464,226. 87
. TREASURY D E P A R T M E N T , RE,GISTER'S O F F I C E , May




25,

>
m

1841.

T. L. SMITH, iZe^w^er.

<;D

f^
2.'T-'Receipts and Expenditures ofi the Government, exclusive ofi trust finnds and fiunds arising firom loans and Treasury notes, and • ' rOi . .
O
firom other than the ordinary sources ofi income, firom'1st January, 18S7., to 31st December, 184:0. .

RECEIPTS.

> From Customs.

Lands.

EXPENDITURES.

Miscellaneous,
exclusive of receipts from other
than the ordinary
sources of in'•.':. come.

.

Total.

Current expenses.

Debt and interest, exclusive of
payments for^
Treasurynotes.

.

.

•

• •

•

Total.

$6i3,'965,Si7;7'3, $ 2 p J ^ p 0 8 92^ $3.11,566 54 $84^503,993 19 $il2,$95,863 35 $52,898 46: $112,448,761 81
Anriualaverage. '$15,991,''3'7V4£i; '•$^,0'56,727-23 •$77,891.63 $21,125-998 ^ 9 ' $28,098,965 84 $13,224 6 1 $28,112,190 45

w
O
H'
Ul
•W,

o

pi

w

Ayerage annual.expenditure for current expenses as above
Average annual receipts .

.......

....

Excess of average annual expenditure for current expenses
TREASURY D E P A R T M E N T , REGISTER'S O F F I C E ,




M^

.....$28,098,965 84
. . . . i . . 21,125,998 29
$6,972,967. 55

>
pi
Ci.

T . L. SMITH, Register.

CO

REPORT ON THE FINANCES..
DECEMBER, 1841. :

, . \.-r-fi.'-.;
•"•• •
TREASXTRY;DEPARTMENT, i)ecm^^
1841. •
' S I R : In obedience/to^the directions ofthe act of Cprigress ofthe lOtb
of May,,1800,. entitled " An act. supplernentary to- the' act entitled ' An
act to establish the Treasury Department,'" the Secretary ofthe Treas. liiy respectfully submits the followmg report:
. ^
.. .^
I. OF THE PUBLIC, REVENUE A N D EXPENDrrURE.

The balance in the Treasury on the ist of Jauuary., 1841;, (excluisive,
of the amo-unf deposited with the States, trust fuiids, and indeixiiiities,
and the amount due from banks which failed in 183.7^,) was,.as stated in
the repprt of the Secretaiy of the. Treasuiy. submitted itp Congress on
the 3d day of June l a s t . : . . . . \ \ . . ^ , : . , . . . ^..
..... .!^ll;$9S7,345 03
The receipts into., the Treasuiy duririg the three first; .'.' . . . . . .
quarters of the present year amountto $23,467,072. 52 •..
. .'

• V I Z :

' ^

\

• .." ,-

•

:

..'...

:-,

, • -••

.

. .. . " '

'

.From customs...^....,.$10,847,557-44
«
From l a n d s . . . . . . . . . . . 1,104,063 06
. . . .
.From miscellaneous ^and
• .incidental.sources. . . .
i90,691 69,
From bond of Bank of
. .
. United States . . . . . . . . • 662,04:9; 47
.^ . . ' f i - '
From banks which failed '
.-^ .
,
in 1837 : . , . . . - . . . . . . ;
51,127 30
^
/From : Treasury. notes^
per act of 31st March,
184a . . . . . ; . . . . . ; . . ; . > . , 1,524,703 80 .
From Treasury riotes, per •
act of 15th Februaiy, "
. ; . 1 8 4 1 . ^ . . ; . ; . . . ; . ; . . . : . 5,956,932 9 0 ^
From loan, per act of 2;Lst
: '1 July,.1841 ^^..^.-fi./...-^. .'3,229,946. 86. ' , -fi'/ /
•
. The receipts for the fourth, quarter, it is
\ . •'
estimated, will amount to . . . ' . . . . . . . . $6,943,095 "25



•

..;

', ,. '
•
'. •
,

\
.

-

. '

.

462

R E P O R T S OF T H E

[1841.

VIZ:

From c u s t o m s . . . . . . . . . . . . $4,000,000 00 .
From lands
350,000 00
Frorii miscellaneous and
incidental sources...
. 30,000 00
From bond of Bank . of
.
United States.
;..
10,315 23 '
From Treasuiy notes. . . .
250,000,02
From loan—
.
•Received..$2,202,780 02
. . /
Estimate for
.
•
. balance qr. 100,000 00
.
-.
2,302,780 02
fi
.'
Making the total estimated receipts for the y e a r . . . . . „. .$30,410,167 77
And, with the balance in the Treasury on the 1st of
Januaiy last, an aggregate pf ' . . . .
:
. ; . . . 31,397,512 80
The expenditures for the three first quarters of the
present, year have amounted to . . . . . .$2.4,734,346 97 •
.^

VIZ: '

• i"

•''.

:

,. • . ' ' ' , ' ^ / . ' '

-

•

'

'

' ^

' ' , . ^- '^^

Civil list, foreign inter'.
;'
course, and mi'scellane.
_
.^
>
.. ous
'....|........v$4,615,363;;81 " ;
:^ '.•
Military s e r v i c e . ! . . . . . . . . 10,834,104 45
Navalservice , . ! . . . . . . . 4,229,986 94
•
.
Treasury noteS.redeemed, ' ' ^
•.
including interest . . . . 5,027/811 13
'
~,;,
• Public d e b l v J . . . . . . . .
27,080 64
•;
\;^
The expenditures • fbr the fourth quarter'
'
'"
are estimated,'on data furnished bythe •
respective Departments, at . , . 1 . . . . . . ^ .7,290,723 73 ' ^
^,
'

'

"^iz:

.

j'_. ,

•

•''• . f i ^

'

,; •

•

-

•.,',:•

V •/'•"^•"

Civil, miscellaneous and ^^
'. :^^: \ ' ,^ ,:
foreign intercourse .... $1,581,205 44 ... '
Military s e r v i c e ] . . . . . . . 3,169,773 54
'
^'
Naval service . i . . . . . . . .1,966,560 80
'• " : ^ : .
Interest on loan! . . . . . . . . . 7 0 , 0 0 0 0 0
' .,
Principal and iriterest on
•. .
.';
Treasury
riotes.......
..5,03,183 95 .
V .
.
Making f : . . . . . . . . . . . . . . : . . . , . . . . . . . , . . . . . . 32,025,070 70,
And leaving a deficit tobe provided; for on the 1st Janu- .,
. ary, 1842 . i \ . . , . . . / .
..... - / j . . . : . . . . . . . . . . . : . - •; :|627,557 90
It being esseritial that this deficit, arisirig from the failure iri effectirig
more than a portion of the loan authorized by Congfess at.its last session,
should be proyided for- by mea,ns that might be at once available,.it is
recommended that an immediate issue of Treasury notes be authorized,;to
meet, the emergency. / • . - •
.
*
• •



1841.]

SECRETARY OF T H E TREASURY.^

463

11. OF THE ESTIMATES OF THE PUBLIC REVENUE AND EXPENDITURES FOR
.
THE YEAR 1842.

The receipts for the year 1842 are estimated as follows:
From c u s t o m s . . . . . . . . . . . • . , . . . . .
. . . . . . . . . . . . . . $ 1 9 , 0 0 0 , 0 0 0 00
(Arising from duties accruing in 1841, and payable in
1842......
..:...-....
.$3,400,000
'. From duties accruing and payable in 1842.15,600,000) '
Treasury n o t e s . . . . . , . . . . . ,
".
50,000 00
Miscellaneous s o u r c e s . . . . . . . . .
../.
1..;
150,000 00
' 19,200,000 00
Froni which deduct the estimated deficiency on "the 1st
Pf Januaiy, 1842.
•/:........
.\ . . .
627,559 90
Leaving this arnount applicable to the service ofthe year
• 1842........
:".•
...
18,572,440 10
The expenditures for the year '42, iricluding $7,000,000
for the redemption of Treasury notes, are estimated at 32,791,010 78
Leaving to be provided for this arhount...

/. 14,218,570 68

The receipts-from the custorns for the year 1842 depending for their
amourit upon the action of Congress, at its present session, in the adjustment of the tariff, it is not practicable to fbrm estimates of the revenue
which may be derived .from that source with much precision. Those
now subniitted have in view the present ratesof duty, and. their final
reduction to 20 per cent, ad valorem after the 30th of June next. The
scale of duties thus esta:blished has been necessarily assumed as the
basis of calculation for the remaindpr of the year 1842, estimated with
reference to the anticipated importations pf thatyear, compared with
the average importations of fprrnqr years.
In the estiniated receipts, thq amount which will come into the
Ti'easury from the sales of the public lands in 1842 has been excluded,
as the. act of Congress of the 4th of Sepember last directs its distribution among the'several States and Territpries.
•
. , With regaixltP receipts from the loan already authorized b y l a w , it is
to be remarked that, ;owing to the short period which is,to elapse before
it becomes redeemable, together with the unsettled state of the money
market, it would not be safe to expect that any considerable portion will
be obtained, for the' service ofthe year 1842,'befbre the expiration, of the
time limited fpr effecting it.
•
.. The law authorizing the issue of Treasurynotes also expiring early
in 1842, not more than $50,000, it is supposed, can be made available
from that source;
.
•
;
, In estimating the expenditm'es ofthe yeai>1842', it is assumed that no
' .other apppropriations will be made than those now submitted in the esti' mates from the several Departments;, and that the balance of those
r appropi'iations unexpended at the end pfthe year 1842 will be equal to
that at the close of the present yeair.
: ,



464

„ .

R E P O R T S OF T H E

:

.

[1841.

It is proper further.to reniark that estiniates of expenditures can only
be made for such as niay'be required urider existing laws, and arise in.
the ordinary Pperations of the Goyernment. The power of ,appropiiation, as wfell as the power of raising revenue, .beingat all tirn.es. in the
hand $ of C ongre s s, this D ep artmen t cannot^ fQ^rid ^e_s timates upon' its
own sense pf what the pubhc interest may be thought tp^
cially.at a time when the conditiori,of the.countiy m
call.fbr more than oixlinary means of defence and. security.'' . ;.:•;•; ^ ,.:
,: ' The amPurit required-for suiyeys;'pf. the; pu
lands j and the ^pprii. pensation of the officers.; emplo.5'^ed in, that branch pf.the public service;,'
being payable put of the proceeds pf the sales of;,those, lands, is' ript
included.in this estimate of expenditures.v
. ' :; '.•. .,;;
.• ^
.
To meet thedeficiencyin^ the year 1842,. ariiounting.tp •$14,218^570 .68!j
it; is respectfully recpnirriendedteCbngr^
• v ••,.':; ••'/
. - i . An., exterision of the teim within'which thp; resi.dn
.
pf the loan already authorized shall be. redepmable, .aniouiiting- tb, say
••$6,500,€00,

. : :^.•

fi':-'L/\

]•'>.••[[/--.^^

2. The reissue of the .Tjeisuiy
riotes.-h
law,amounting-to^ $5,000,000v : /;{ ••.:/• ' • " • . ^•; ='•;•• ' -' v '^'-'. ^ .
.: :^3v . 1 ^ balarice StiU required^
-68, together with'an addi-^
tibrial'suni, of.$2.,0:00,00:0,, (a surplus; deeiiied. necessaiy in the •Treasur}'^,
• to meet emergencies of lhe public; service,):to, be; supplipd from imposts [
upon such fpreign ;articles'imix)rted;^;as;ind^
due"i;egard^
to-a rigid restriction iri;.ampurit to
and a proper ecoriomy iri: its adriiinisti;atipri.-; • ;• :.: .•;;*-^:•^ ,; . ;' vV';' -..;;;
' ' • ; - . • ; • ; . ; . . ' ;'

'

III.'; R E A U J U S T M ] 3 N T ; - 0 ^

• V
_

The last reductipri of duties'; ori:iniports .pro.y^^^^
:
2d March, 1833,,; wiU take- effect; .inimediateiy;;ait^r;the ;36th' of \June;
next. . From tjiat" day rio);du^^
ing twenty per cent.;ad, valorem ; a ^
j^ovisibrisCof
the same act, of grea;t impPrtarice,:a^
into pfJeratipii at the ^arp^e.'.time;- •• ••, :,.- ;• .:''•'•./...-fi.'\:/.-.--''-fi'.fi-fi_-fi'^:''-':^''^^

•'.''.• fi^.'''fi '•'-

. One of them , i& the- enactment-which, "after t &
requires; all";
duties to be paid ' in r'eaGly.nioriejr; thus-puting: .aii end.tO' avsystem of
credits which. has prevailed from tlie^ fiT$t.;establishment' p l this^.;GpveriiT'
ment—a system whicli, however necessary or" Gonyenieritiii .the-irifaricy;:
of bur commerce, .when'the mercantil(3.;capital of the'cbuntiy. was incpri- .
sid'erable, "and. a; StrPng. desire was felt tp fpstpr.,'and ;enc6ura;ga foreign;
trade by all praGticable means,, may at the present day vy ell y^^^
the,
importa^rit objects, to be;secure.d by'paste paynients.; V/.-;;; '':•'•/'•:''/': ' v' • ;';'}'
fi. Another,.deemed at the • same timp^ an. esseritial pi-oyisipn of the: aPt; is;
that \^^hieh declares tfot,.after;June,' 1842, ;aU/duties' on;,m
cles, shall be aissessed; upoin the value of ;sucfi iarticle^'atthethe sanie shall be entered, "under sucli rpgiilations - as; shallbe prescribed , by; law.;-; • Hitherto,; thrP.aghoutthe-w^^
. cost or value ";iii; the foreign, market has-beeii assumed asthe. basis fpr;thp."
Gaiculaftion of ad. valbrem duties,, and't.o', t
additions have been made, 'Supposed to be equivalent. tp-' the/charges .pf •
importation.. But; undervaluations ubrpad, fraii.ds r e a l or^ supposed in



1841.]

. S E C R E T A R Y OF T H E TREASURY.

465

invpices, and the unjust advantages which were believed to exist in the
.hands of foreign manufacturers, who had become, in fact, themselves
;ithe importers into the country of a large proportion of the manufactured
^goodsTrpm .Eumpe, led Corigress to look to a home valuation for security
..as well to the Ameriean importing merchants as'to the revenue, and to
the praducer^ of similar articles in the United States.
The legal .effect of-the act of 1833 would seem to be, to abolish the
jpjLUCtice,^ after June .30th, of assessing duties upon invoices pr foreign
vg,lua.tlon; and thereforp, if Congress shall not at this session prescribe
regulations for.asses'sing duties.upon a valuation to be made ..at the:pQrt
.of > eritiy, or pass some law .modifying the -act of 1833, it may well be
.qiiestioned whether any ad valorern duties .can be cpllected after the
:3Qth of. June. The language of the law seeiiis explicit. .It is, that,
"from and a;fter,the .day last aforesaid, .(June SOth, 1842,).the duties
*,reqiiired tp.he paid bylaw on goods, w.a.res, and ixierchandise,,shall be
^asseased uppri the value thereof at the pprt where the same shall be
^enter.ed, under.^ucli.regulations ^s .shall be prespribecj by iaw." And
.itis fuither. declared J that so much of any pthpr .apt as is'inconsistent
-with that act.shall.be .andis repealedo
•
. . The :assessnient;bf duties, after the day limited, on the bas.is of the
foreign cost or value, js:inconsistent with the act; and the law authpr.izing it'must, therefore, as. it.would seern, .be Ppnsidered as repealed.
The.a;ct of 1833,. as must be obvious to all, cpriternplates no other
than.ad yavlorem.duties .after June, 1842 ,• for althpugh in a given case a
sxiecific duty may not amount to twenty per ;Cent. on the cost of the
.^.rticle, yet that fact.cannot be ascertained without referring to pricje or
v^alup—rthings constantly fiuctu.ating; and much, uncertaiuty, and perhaps
-confusiori, .would arise, as changes in the market, price pf articles might
..parry the duty .beyorid the limit at one peripd, thpugh within it at another.
. In.deed there can be little rpom for dpubt that it \yas in the contempla^
;tion of Congress ..at the passirig ofthe act, that no dutie.s on imports
should exist in the country after June, 1842, but ad yalorem duties. It
.inust be admitted that this y^as a very ini portarit change in the whole
system of iniports into the Unite.d States, s.ince it has heretofore been
x0.gar.ded as thie dictate pf high prudence, and/the teaching of long expe. rience, that^ for .the:prev.entipii of frauds and the. security ofthe revenue,
duties ought, as far as. practicable,to be made not jad valorem, .but'
^speqifici
Of the. essential or peremptory prpvisions pf the act, there .are two
which, itis not to be disguised,..Were intended to stand towards each
other in the .relatipn .pf equivalents or mutu.al considerations. These
.are, the reduction of aU duties to twenty per cent. ad.valQre.m, and the
assessment of those duties upon a horne val;uatioii. It is impossible .to
^ read the act itself, and still more iinpossible. to advert lo. the history of
the times, without arriving at the most perfect, conviction that the home
.valuation was resorted ,to for the purpose .of guarding the revenue against
fraud, and.,prptecting American manufactures against uridervaluatipns.
There, could be no pthpr possible object in,this prpvisiori. It is.a.gait of
.the act, therefore, connected with (another part, and iriseited for the .pur^
pose :of quaHfying essentially, the operatipn ;pf that other. p.ait.
VOL. IV.—30. .
°



466

R E P O R T S OF T H E

[1841.

But it ishighly proper to look at the circumstances which led to the
passage ofthe act of 1833, and to regard the motives in which it appears
"to have had its prigin. It was the result of a spirit of compromise and '•
conciliation, at a time when considerable agitatiori existed arid much,
diversity of opinion prevailed. -If events shall,appear to make it necessary to reconsider or- readjust the provisions of that law, all proceedings
towards that end should be conducted under the iiifluence .pf the same
spirit. The undersigned is most deeply impressed-with the force of
these convictions, while offering suggestions to Congress on the subject.
, He is constrained to admit that it has appeared to. him that-the interests
.of the country required some modification of the act of ,1833.' In
support of this opinion, he would .first mention the -great, if not insurmountable difficulties of establishing a home Valuation-at our various
ports, without incurring the -risk of producing such diversity in the" psti- '
mates of value as should not only lead to great practical inconvenience,
but interfere.also,'.iri effect, with.|he cbnstitutipnal proyj:sion that dutips
on imports shall be equal in allthe States. • If such should- be the ppinion
^ of Congress, then it is clear that some equivialent is to be provided for
the home valuation, or else-the whole basis ..upon which the. act. was
expected to rest, as a measure of compromise and adjustment, is taken
away or displaced. There ceases in that event to be the mutuality or
compromise of interests evidently intended t o be produced by placing .
home valuation as an .Pquivalpnt against a reduction of ad valorem
duties. It remains for the wisdom of Congress to determine whether
such equiyalent can be found. ,
"
•
. ' i
• But, in the second place, if Congress should be of opinion either that
home valuation is pi'acticElbIe,.or that some equivalent and proper.substitute may be found for it, the uridersigned willnot disguise his opinion that
it cannot be regarded as wise by .any portion of the.country,-as a.permanent system of policy, toaugment the amount of revenue, when further
exigencies may' require such augmentation, by raising d'uties on all
articles, including those of absolute necessity, to the full extent of twerity
per cent., and preserving that limit, at the same time, as a;fixed barrier
against higher duties on" any article •whatever, even thPse of mere luxury.
Such a plan of revenue, if to be regarded as a settled systemj appea!rs
to the undersigned to be unnatural and inconvenient, and such as is not
hkely to promote the best interests of the country.
. . .
. •
The probable effect of the future operation of the act of 1833, upon
the manufactures and riiechanical trades of. the country', particularly if
no home valuation be established,, arid no equivalent for .4uch home val;uation found, gives rise to inquiry too iriipoitant to be overioqked.'^
• It is fully acknowledged that;all duties should be laid wdth primary,
reference to reveriue; and it is .admitted without hesitation or reserye,
that no more money.should be raised under ariy pretence whatever than
such an amount as is necessary for an economical administration o f t h e
Government. But within these limits, and as inGid.ental to the raising
of such revenue.as may be.absolutely necessary, itris belieyed that discrimination may be. ma;de arid duties imposed in such^ a manner as. that,
'while no part of the cpuntry will suffer loss^ pr incbnveriience, a most
.beneficial-degree of protection will be extended to the labor and industiy



1841.]

S E C R E T A R Y OF T H E TREASURY.

467

of large masses of the people, while the country will be rendered more
/prosperous in peace, and. infinitely stronger and better prepared if foreign
war should come upon us. The principle of discrimination has obtained
from the period of the foundation of the G overnment. In many cases
it maiy be found; to be indispensable to the interests ofthe revenue itself;
and if, in fixirig a system of duties, it consists with the best interests
and true pohcy of the .pountiy so to apportion them among the various
species of imports as to favor our own manufactures at the same time
that the reyenue, itself is benefited, and no injustice- done to any, it
would seem, proper and wise to reject arbitrary limits and the idea of a
forced and unnatural uniformity.
. .
:
The under signed feels no difficulty in admitting that a duty of twenty
per cent, ad yalorem assessed upon the value of imported articles in our
own ports, would, in-many instances, be a rate sufficiently high for the
benefit of 'the revenue, and also afford reasonable encouragement to .
home producers of the same articles. As to those, therefore^ the object
bf the act of 183.3 will be accomplished if its provision for home valuation be carried out by Congress. But he still supposes that.there are
several descriptions of imported manufactures and produce, which would
well bear a higher duty than twenty per cent, upon the^home ;value, and
thus yield a greater revenue to the Governnient, while in regard to some
of them it will be found that, without such increased duty, the labor of
large classes erigaged in producing similar articles will be greatly
depressed, if not entirely supplanted.
It is uiiquestionably true, and well worthy of rernark, that the act of
1833 was .avowedly coiiserva.ti\^e in its objects and character; and while
it was designed,to remove what was esteemed a grievance by one part
of the countiy, it was not interided that the interests of any other should
be sacrificed by it. On the contrary, a reasonable security was intended
.for all. Its true spirit, theretbre, will be but carried, o u t . b y acting,
under any new state of circumstances, with reference to the same great
objects, and doing justice ahke t o aU. . The great principle of that act
was moderation arid Gpnciliation,.and this should never be lost sight of. •
But the measures proper and necessary to carry out that principle may
be changed, if the altered circumstances o f t h e eountiy call for such
change, without a n y departure from the principle itself.
Nothing is more established by oui; experience and the experience of
other nations, than that the augmentation of duties .doPs not augment, in
an equal degree, the cpst ofthe article, to" the. consumer. In many cases
it appears not to increase that cost at aU. Very often the price to the
consumer is kept down, notwithstanding an increase of duties, partly by
the greater supply ofthe home productipn, and partly by the reduction
of the price in the foreign market. It is believed, indeed, that there
have beeri caises in which the .joint operation; of the two causes has
occasioned prices to. fall lower than they were before, the increase of
duties was laid.
.
.
This result in the operation of trade and business might, readily be
traced to its causes; but a full exposition of those causes, and the modes
of their operation,.would too much, swpll tHis report. Suffice it to say,
that when an additional duty is laid, on an article in a country iri which



468

R E P O R T S OF T H E

[1841.

that article is extensively consumed, the burderi always falls in part, and
sometimes, as experience -has shown, altpgether, upon the foreign pro7
ducer. The foreign producer must sell; and if in the place of sale he
finds an article produced on the spot which comfes iiito .advaritageous
competition with his own by reason of paying no duties, he still must
sell; and forthe sake'of being able to do it, he must be content to beai^
the burden of the duties himself. The duty bbrne .by the foreign prpdueer in such cases'is like the charge for transpprt.ation:---it is something
which is necessary, to bring hiiii into the market of conipetition/ Anal^
ogo.us instances pcciir in doniestic trade. The wheat fgrpw-^er,.o.f Jndiana,
who incurs heavy experises in coriveying his fl.pur to. an Atlantic port,
expects no higher price for it whjen it arrives there than is paid-for flour
of the same quality to prpdnce.rs in the iiiime.diate .neighborhood. ^The
cost pf transpprtatioii, therefore, does npt operate so, much tp raise the
..price a t t h e place of S;a,le as-to diminish it at. the •place of .prpdnction.
Now, the great law'which regulates prices by deiaiand and siipply, is
sternly observed in cases p;f Tpreigii irnportation, .as in this instance of
domestic trade. /The undersigned cannot fo.i?bear to add that vastly the
. greater proportioii of the agricultural population of the United States; is
obliged to rety mainly uppn the home mailiet for a sale ofits products,
although a large part of those piroducts (wheat, for instp;ice)-is such as
often enters extensiyelyiiitp the .Gonsiimption of the world. The quaritity
of flour and Iridian corn exported.from. this country is altpgetiier inconsiderable, in comparison with the quantity consumed in thp large cities
and manufacturing .towns, which have either entirpl}'' grown np oi' added
largely to their pppulation under the influence -of laws of Cpngress,
•passed since the end of the last w'ar, upon doinestic labor arid industry.
The immense interehange of products, all b.eing the result of lalDpi*j
which now takes place between the prpduGers of subsistence and tlie
population above mentioned,.shows the advantage which one class is ftp
t h e other, and the essential iniportance to both of pre'seryin^^
relations. . If the consumption of flour and gram in' the manufacturing .
districts, especialty the North and East, (decline, to that extent there is
an absolute loss to the wheat and corn grower., -since the quantity consumed by tiieni will find a niarket iipwh^e else..; • T o say nothirig, ,m
this connection," of the inGalculable impprtariGppf a h ^
^ ^ market tO the
prodijicpr -of the great (article of cotton,- and hmiting his lemarks to; the
fgrain growers alone, the undersigned cannot but .persuade hiinself that
all will see and acknoXyledge th^ rgreat value to that class of prodiicers
of the north^ern -aild e.a.sterri market—rthe " pnly considerab^^^ inairket,
irideed, whicli is permaneri;tly open to' them uppii the face of the ea;rth..
So long as the pplicy of otjbpr countries s.hall epntiniie to exclnde the
products of our agricultuie from their" ports, and thus deny to us,the
advaritage of a fair i:e.ciprpcity in trade, it would appear to -be equally
the dictate of policy and of j.ustiGp to pur people to secuie to them, as
far as may be reasonably and properly done, a market of cpn sumption
fbr their produce in their pwii country
The undersigned is of ©.pinion that the cpndition of the Treasury and
of the country- demands an. a^igrnentatiori of the revenue.. It cannot but
be the true policy of Gpvernment to extinguish the amount ofdebt now



1841.}

S E C R E T A R Y OF T B E TREASURY-

.

469

existing as soon as pradticable, arid to avoid increasing it. The creation '
ofdebt by loans, and other resorts for revenue to sup.ply deficiencies of
regular income, cannot but be regarded, in a time of peace, as injudicious
and objectionable.' The general credit of the Government, always good,
has been-greatly raised, both at home and abroad, by the fact that it has
fully paid off* and discharged the debt created bythe Revolution, and by
a subsequent war with England, and wars with the Indian tribeSo The
preservation of this high credit is of the utmost irhportance. It must be
the necessary reliance of the Government, if, in.the vicissitudes of human
affairs, sudden war should come iipon us, requiring large and imniediate
expenditures. Exact punctuality in the payment of interest while the
debt shall, continue, arid its payment so soon as the time of payment
arrives, as wellas the kiiown ability and honor ofthe Government, are
the means of inspiring that general confiderice which shall at all timesenable it to use its credit to.the greatest advantage, '
T h e estimated expenditures of the Government for the coming year
will exceed its probable income by $14,218,570 68; Should Congiess
authorize a.reissue pf Treasuiy notes to the amountof $5,000,000, and
the balance of the loan be disposed of, there, will remain a deficit of.
$2,718,570, for which provision must b e made by law. But it is not
supposed that Congress will deem it advisable to restrict th.e iiicpme of
the Government to the precise >aniPunt of its expenditures. There ought,
to be a surplus.of at. least two miUions to meet unforeseen emergencies
in the public ^service; and, should even the proceeds of the sales of
the public lands be withdrawn frorri the States, a reference to the
receipts frpm that source in the last and present years,, will show that a
deficiency in the revenue, to meet the wants of the Government, must
still remain. ,
.
"
The state of the national affa;irs, the dispbsition of the Government, in
which it is believed the people fully participate, tp put the country into '
a iespectable stateof .defenGe,. and especially to support and strengthen
the military marine, all appear to suggest the propriety of such increase
of duties on articles carefully selected'as, while the amount shall not
bear hard on-individuals, by hniiting their customary enjoyments, nor
oppress nor derange, the general business of the country, shall yet supply the- Treasury, not extravagantly or excessively, but yet reasonably
and justly for all the great purposes bf national defence. Econpmy, that
great public virtue, which is So essentially proper to be practiced by
repubhcan Governments, wouM be but half exercised if, while on the one
hand it avoids. aU unnecessary expenditure,, it does not, on the Qther,
make a reasonable and judicious provision for such expenditures-as are
unavoidable.• .
All which is. respectfully submitted.
W . T O R W A R J ) , Secretary ofi.the Treasiiry.
M-ori. J. WniTB, Speaker Houseof Representatives. '




470

.

R E P O R T S OF T H E

.

[1841.

' Statement ofi Moneys received'iiito the Treasury firom all sou/rces other than
customs, public lands, and fiunds held in trust by the Government, firom
1st January to 30th September, 1841.
Arrea:rs of internal revenue.
,
$2,804 90"
On account ofthe patent fund.,
» .
25,693 08
Indemnity fbr slaves seized at Nassau by authority, of the
British Government. . . . . . . . . .
...............:
7,695 2^8
Muddingduties refunded by Danish Government
481, •90,
Portuguese Government, for crew of brig Ann, of Boston
1,191 97Moneys received under the act concerning consuls and
vice consuls
---'.....-...
....
^. 360 35
Moneys received for copper coinage at the Mint..
...
126 92
Moneys received from persons u n k n o w n ^ . . . . . . . . . . . . . .
417 55i
Dividends on stocks in the Louisville and Portland canal. - 22,000 00
Surplus emoluments of officers ofthe customs
'
13,006' 90
Debts due from banks to the United S t a t e s . . . . . . .
; . . . . 4,950 84
Fines, penalties,, and forfeitures.
---- - - - . 5,474 49
Surplus;in the hands of the Receiver General, New York
51 '50
Moneys received for vacant land in the county of Wash.
ington. District of; Columbia...
.^...... j . . . . . ... '
' I 2^
Moneys received on account pf United States trading
^
establishment with the I n d i a n s . . . . . . , . . . . . . . .
....
5,702 73
Moneys received fbr balances ofadvances made by War, ,
Department.......^
..........'
..........
732 04
: ;
90,691^69
Moneys received ori^ account of the fourth instalment ofthe
principal and interest of the bond due iri September,
.
1840, for stock held by the United States in the Bank,
of the United S t a t e s . . . . . . . . . . . . . . . . . ' • . . . . . . . . . . . . . . : 662,049 47
Moneys received on acco.unt of Treasury notes issued per
- .aet of 31st March, 1 8 4 0 - , . . . . . - 1 . . . . . . . . . . . . . . . , . . . . 1,524,703 80.
Moneys received on account of Treasury'notes issued per "
act of 15th February, 1841
5,956,932 90
Moneys receiyed on accountof the loan of $12,000,000,
per act of 21st July, 1841
. \ . . . . i . . . . . . . . ' 3,229,946 86
Total. - ..-•.. . . . . . . . . . . . . - . . ; _ ' . . r . : . : .$11,464,324 .7§^
TREASURY DEPARTMENT,

REGISTER'S OFFICEy J5ecemJey 2, 1841.




"

T . L . SMITH, Register.

1841.]

S E C R E T A R Y OF T H E TREASURY.

471

Statement ofi Expenditures ofi the TJnited States, exclusive ofi trustfiunds,firom
1st January to 30th September, 1841.
CIVIL, MISCELLANEOUS, AND F O R E I G N I N T E R C O U R S E .

Legislative
. . , . . . . . . .i
. . . . . . . . $846,033 59 .
Executive Departments
......—....
615,406 05
^
>
Officers and clerks of the Mint and .
- .
b r a n c h e s . . . . . . . . . . . . . . . . . . . . . . . . . , : .^
33,880 00
Surveyors and their clerks — . . . . . . . . . .
39,444 06.
Secretaiy to sign patents for.public lands
1,108 29
CommissionerofPublic Buildings, Washington . . . . . .
.•..,..:.....:.....
2,387.00
Governments in the Territories of the
. <,
v
United S t a t e s . . . . . . : ! .
'....
53,639 01
JudiPiary . . . . . . . . . .
....'.
377,706 16
,;
\ : - — '
— $ 1 , 9 6 9 , 6 0 4 16
Payment of sundry annuities ' . . . . . . . . . .
750 00
Mint establishment
64,001 94
Suppprt and m.aintenarice of light-bouses
287,883 17
Building.light-houses ........'
5,147 31
•
Surveying the public lands . .
...
. ' 35,597 2 8
Surveying-the coast of the United States
76,153 86
Registers and receivers of land offices....
642 85
Keepers of the public archives in Florida
750 00
Repayment for lands erroneously sold . .
9,437 90
Marine hospital establishment . . . . . . . . . .
86,274 13
Building marine hospital, Mbbile .^ . . . . .
5,300 00
Roads and canals' within the State of
' Alabama . . . . . . . . . • . . . . . . . . . . . " . . . . .
17,909 76Roads and carials withiir the State of Ar- = .
kansas .
.....................—
6,311 68
Roads and canals, within the State of
. Michigan . . . . . , . f i . .
. . . . . . . , - . > .;'1,0,42 91
Rpads and Jevees-within the State, of
Louisiana . . . . ' . : . . . . . - , - . - . . . . . . . . . , . , . 11,518 79
Furniture for President's house . . . . . . / .
. - ,1,950 37
Public buildings in Washington, &c...^
212,476 45 - .
Periiteritiary inthe District of Columbia.
6,500 00
Building custom-hpuses . .
...
...
116,154 40
Relief of. the. several eorpbrate .cities in
^.
the District of Co.lumbia, principal and '
'
• i n t e r e s t . . . : . . . . . - . . . J . . , . . . ^ . . . . . .116,696 57
Salaries of receivers gerieral; & c . . . . . . . .
13,821. 38
Contingencies . . . . ' . / . . . . . . . . . . .
-4,801 27
Relief of sundry individuais...,.
,..-;.
33,472 82
Relief of certain inhabitants of Florida-:.
43,846 00
Payment for horses, &c.
............
2,188 81
Additionalcompensationtp collectors, &c. .159,495 00
• Payment of clerks in'custom-house, Bos.
/
ton . ' . , . . . . . . . . . .
..:......^...
13,093 75



472

R E P O R T S OF T H E

|1841.

fty merit of clerks in custPm-house, Phil'
adelphia...
.
$lO-,ilO 00 ^
Patentfund..................i.......
32,392 62.'
Sixth census.1 . . . 626,527 83
.
Refunding duties . . . . . . . . . . . . . : . . . . . :
84,223^ 9 7 Debentures and other cha:rges . . . . . . . . .
188,000' 00' , ; .
Survey of the boundary between the
.
United States and Texas
...../..
5,561 09" ''
-;
Exploration and survey Pf the nPrtheast'.
;
ern boundary line of the United States
57,369 7 l
.;
MisceUaneous
::''.
22,085\ 31 ' >
To pay the debts and meet the erigage/
^/.
ments of the Post Office Department..
40,0Otf 00'
••————:—^ $2,399,4g8' 9 3 '
Salaries of Ministers ofthe United Stateg
$38,187 67
' Salaries of Seicretaries of Legation
11,091 38
Salaries of Charges d'Affaires . " : . . . . . . .
46,960 36 /
Salary of Minister Resident to Turkey : .
5,320 00
Salary of dragoman to. Turiiey,'and cPn- " .
•, tingencies
..'...:.;;. . . .
. 5,050 00"
Outfits of Ministers tP Austria and Great \
-" .
Britain, and Charges d'Affaires to Vene.
• ' .
zuela
......................^,
. 13,500 00
Outfits of Ministers to Russia, &P'., and.
Charges d'Affaires
24,tfO0 00 .
Certain diplomatic services . . . : . . . . '
. 2,900 00
''
Contingent expenses of a l l t h e missions
•
.
abroad . . . . . . . . . . : . . . . . , . . . . , . . . . .
13,159 17
- ^^
Contingent expenses of fbreign intercourse . 13,113 70'
Intercourse with Barbary P o w e r s . . . . . . .
4,904 S.8 '"
•
Interpreters, guards, arid pther expenses',. •
;
.
'Turkish dominions. . O ^ . . .
. 4 , ^ 0 84 , .^
Diplomatic agents in Europe, to attend to • '
.
• ' • ',
tobacco interests . . . . : :
L
2,000 00'^
Sailaries of consuls at Lbndbn and P a r i s ;
. - 2,492" 60""
Reliefand protection of Americari'sPamen . 38,856 5 1
AUowance.for clerk hire, &c., Anjericaln
. ;
.'
consul at Lbridon.
.
....
::. ..' 2 , 1 7 5 5 1
.]••'•
Expenses of the commission under'the
'
-,
, V
convention with Mexico . ; . . . - . . . . ,L.,
11,525 00' .
,
Conipensation of an agent to Hay ariaii, (to • , , ;
.
> .
procure the archivesbf Florid^- ->- -- '6,043* 10
v
•

"

'

•

"

.

"

;•., . " • •

_ ' • • , • • • ; •

- . — •; '

^• ^•'?."•;•'•

MILiTARY E S T A B L I S H M E N I ! ' .

"

" • - " ; 2 4 M 7 ' 0 , ; 72''

., .-'.^ ' 1 4 , 6 1 5 ) 3 6 3 . - 8 1
.

Payofthe'Army-.^.v..!..........;,... $1,086,843 62
Subsistence of officers.
470,335 4 1
Subsistence departrrierit.
J...
661,760 54



'

['/• ^ >
/ ;

,
.

1841.]

SECRETARY OF T H E TREASURY.

Quartermaster's department
$225,194 02
Incidental expenses of thb Quartermaster's
. department . . . . . .
..
,
98,497 30
Transportation bf officers'baggage.... o ' 49,513 26
Transportation ofthe Army . . . . .
..
213,836 06 .
Forage
119,706 13^
Purchasing d e p a r t n i e r i t . . . . . . . . . . . . . . . . . ; . 358,146i 66
Payments in lieu of d o thing for discharged
'
soldiers.
..
..........
.
68,180 79
Clothing for officers' s e r v a n t s . . . .
123 0.6
Medical and Ho spital departmerit'... i . . . .
28,841 36'
Two months'extra pay tp reerilisted soldiers, and expensesof l e c f u i t i i t g . . . . .
34,319 55
Contingencies of the A r m y . . . . . . . . . . . .
6,349 45
Arrearages prior to July, 1 8 1 5 . . . . . . . . .
935 06
•Arrearages prior to; 1817^,. pef act 27th .
January, 1835 . .
49 ;80
Arrearages of pay dub. to a battalion of
Georgia militia, iri 1840 arid 1 8 4 1 . . . . • 78,495^ 92
Invalid and half-pay p e n s i o n s . . . . . . . . . .
196,380 35
Pensions tp widows and orphans. /.'.:.... '
3,840 00
Pensions to widows and; orphans, per act : ;
4th July, 1836. . . . , . • . . ; . . . . . : . . . . . . .
390;889 65
Reyolutionary pensioris, ; peiy act 13th
',;
March,1818..;..;j...........:..;....
216,678 97
.
Revolutionary claini^, per act 15th May,
/
1828.....^.................i.../.
66,573i 96 .
Revolutioriary perisibris, per act 7tb June,
,
, 1 8 3 2 . . . . . . . . ^ . . ; . . . . . . . . . . : . . . . . . . . ,714,969.66
Five years' pensiori to widows and oi'r
phans, per act 7tfe July, 1838 .,..;..... ; 600,061 74
.
Virginia claims, per act;5th July,.1832.,.
958 76
Unclaimed,pensions . : . . '
. . - . . . 48,-393 97
Pay of the officers, cadets, and musicians,' .
West Point. . > ; . . . . . ^ . . . . . . . . . / . . . .
3^8,800 00
Subsistence of omcers. and cadbts,'- .West
Pointl...................... i...^..
.'22,999-38 ^ .
Forage for officers-'horses, West P o i n t . .
5,528 13;
Clothing for officers''seryants, West Point
449 42 ,
Experises of the 'board of visiters. West
Point . . . . . - . ^ . . ; . . i . . . , . . . . . : . . . . . . . .
2,000 00
Miscellaneous arid iricidental experises af
;
-•
W^st P o i n t . . . . . . . . . . . .
......-.;
726 25
Reconstruction ofthe buildings for libfaiy,
.'
,
'&c.., destroyed by fire, at West Point.
.2,000 00'. ,
Fuel, forage,'stationery, printingV&c, at
" ^
West P o i n t . . . . : . . . . . .
...::'.....
14,331 45
Repairs and improvernents, and experises ; '
of buildings^ grounds, i&c., at West
Poirit-...
...;............,.
2,757' 50



473

.

474

R E P O R T S OF T H E

[1841.

P a y of adjutant's and quartermaster's
•clerks at West Point.
...
...
, $1^425 00
Increase and expenses of library at West ,'
'
. •
Point
.....:.,..........;
. 1 , 0 0 0 00
;
Departmentof engineering at West Point
, 500 00 . •
Department of philosophy at West Pbint
.; 715 25
Department of chemistry at West Point.
, 724 75 V '
Departnient of drawing at West P o i n t . .
.; ' 338 75:
' ;
Department of tactics at West Point
. ^ ,' 240 00
"•
Department of artillery at West P o i n t . . '
| 310 00 ' ' •
- Binding books injured at the fire in 1838,
.
. • '
...
•
and imported stitched, at West Point.
•• 600 00
Arsenals . . . . . . : . . . . . . . . . . . . . . . . . . . . .
165,328 38
Repairs of arsenals
' 5,579 44
Purchase of site, and rebuilding arsenal
• at Charleston, South C a r o l i n a . . . . . . . .
11,585 00 :
Arming and equipping militia . . . " . . . . . . . . . 177,837 00 ,
Ordnance service .
.
...........
52,737 19
Ordnance, ordnance stores, and supplies.
63,255 23'^
Expense of preparing drawings of a uniform system of a r t i l l e r y . . . . . . . . .
.
3,314 OS. . ;
Natiorial armories -.
...
...
...
299,638 56 \ :
Springfield a r m o i y . . . . . . . : . f i . . . • . . . . . . .
10,000 00 [. . .
Harper's Ferry a r m o r y . . .
.. .•...,.
52,000 QO.'; ^ -'
Barracks, quarters, & c . . . . . . . . . ' . ; . . . . .• . 54,453 62
Barracks, &c., at Fort L e a v e n w o r t h . . . . 185 15Barracks, &c., at Fort Wajrne.
' 18,681 39
Barracksj .&c., at Turkey river. . . . . . . . . .
^6,000 00
Barracks, &c., at Fort S m i t h . . . . . . . . . . . . . • 37,822 30 Purchase of saltpetre and b r i m s t o n e . , . .
49,32'6. 59
Armament of- fortifications:
..\ . " / 95,454' 85
<.
•'
Repairs and contingencies of fbitifications. • / 2,849 12^
..
:•
Purchase of land in the vicinity pf-Eort.
'
.; •
f
Monroe . :
P.....::. .
1,000 00 ; / : '
Incidental expenses of fortificatioris and
, .
.
.
.
purchase of land
: . . . , . . . . . : . • 8,412 52i
FortAdams . . . . . . . . . ; . . . . . . . . . . . . • . . . ' 96,600 00
' . .
FortCalhoun
.....
.
59,59275
Fort Niagara
....:.....
.31,670:00
.
;.
^Fort D e l a w a r e . . . . .
1,000 00
.
'
FortCasweU
....:...!.........:
3,199 06
FortPhilip...:.,..................<....
••; 3,30.0-,00
, .
p.
Fort S c h u y l e r . , . ' . . . .
.. . . . : . : . . . .
90,500 00 . .
". ^
Fqrt Warren . . . '.'.^.....^ . . . . . :-..\ . . .
12^,360 68
Fort P u l a s k i . . . . . . ! . . . _ . . . : . . - . . . . . . .
15,320 00
.;
^'
Fort on Foster's bank, Florida . . . . . : . . : .
9,959 ^33.
-'
- .; .
Repairs of battery B i e n v e n u e . . . . : . . . . . .
. 1,077 83. '
;. .
Repairs of tower Dupre . ' . . • . . . . . - . . . . .
150. 00
. ' .
Fort Wood . . . ; . . . . . . . . . . • . / , . . : . . , . . • . . : . :
3,580 00 '
Fort Monroe . . . . . . . . . , . . / . . ; :
- 63,728 4 1 '



1841.]

SECRETARYOFTHETREASURY.

^

Repairs PfFort Gibson, New York harbor. ' $3,000 00 •
FortPike.
5,000 00
Repairirig and rebuilding the old fort at
Oswego,.&c..
.......-....:
20,050 75
Preservation of Castle Island, and repairs
of Fort Independence
104,483 09 •:
".
FPrtMorgan..
...-.'... .
5,068 00
Fortificationsiat Charleston, and preserva. •
tion of the site of Fort M o u l t r i e . . . . . . . .
12,335 07
Permanent-wharves for Fort Columbus,..
Castle-William, arid .south batteiy, on
^
Governor's. I s l a n d . . . . . , : . . . . . . . . . . ; :
1,000 00
Continuirig sea-wall at St. Augustine...
5,000 00
Repairs of the old fort at the Barancas,
>.
Pensacola......
.24,682 16
Repairs of Fort W a s h i n g t o n . : . . : . . . . . .
15,000 00 '
Fortificatioris at New London harbor,
Connecticut."
;.
34,000 00
Repairs of Fort Macon . . . . . . . . . . i . . . . . .
7,000 00
•
Repairs pf Castle Pinckney
•
. 861. 15
Rebuilding bridge over Mill creek, near
Fort Moriroe. J : . . . . . . . . . . . . . . . . . . .
5,000 00
Repairs pf road from Fort Monroe-tp the
bridge over MiU c r e e k . . . . . . . ; . . . . . . . .
1,000- 00
Fort at Grande Terre (Fok Living ston).. - 14,500 00
Fort Preble . . ..•, . • . . . . . . ' . . . . . .
...
3,200 .00
Fort Scammel . . ' . : ' . . . . . . . . . . . . . . . . . .
3,400 00FPrt M c C l a i y . . : , : .;...'
.. .fi.....
750 00
Fbrt Gonstitution-....
......
• 3,671. 00
;
Fort L a f a y e t t e . . . . . . . , . , . . . ; . . . . . - . : .
3,400 00. .
Fort Cplumbus. . . . , . . : . .
500 00
'
,
-Repairsof .Castle WiUiam, &c. . . . L...'. T
4,500 OO
Repairs of south . battery. Governor's
Island.
. . . . . . . . . . . . . . . . . . . . . . . " • 3,500'00
Fort Haniilton . . . . . ' . . . . . . . . . . . . . . . . . .
13,235 64
Fort S u m t e r . . . . . . . . . ' . . . . . . ' . . . . ..fi . .
.35,331 89
Fort Jackson . . . . ^ . . . . . . . ' . .
20,000 00 Fort Pickens . . . . . . . . . . . ,
-. . ^ . . . . . . /
. 18,000 00
Preservation of Fort Johnson
, , 3,517- 43
Preservation of site of Fort Macon..
"! 9,400 00 ..'
'.
Repairs of Fort Griswold, New Londpn
harbor........;....-.^.....,.L.'....
. 4 , 0 0 0 00
Repairs pf . old fort at New Bedford,
Massachusetts........
..........
" 1,141 00
Payment bf Captain Snod grass's.company
of Alabama vp]unteei;s.
.'/—
898 15 '- - .
Pay of four thousarid voluiiteers for 1838,
.
including arrearages fpr 1837. — . . . . .
., 599 32;
;
Surveys fbr the military defences pf the
frontier, inland and A t l a n t i c / . . . . . . . . .
1,8.00 0 0 ^



475

.

.

476

R E P O R T S OF T H E

.

[1841.

Hire of a corps of
riiechanics
:.
$7,371 27
Forage for dra;goons, . volunteers^,. officers, & c . . . . . . , :
1,570 8S -;Designatingboundary line betweeri Michi^
,
gan and Wisconsiii
....
6,000; 00^
Removing raft on Red
river...........
25,500 00
Preventing and suppressing Indian hostilities .
879,21135;
Removing obstructions at the mouth-bf " .
Suwanee river
,.:..
!
--230- 00 :
Hydrographic survey s of the coasts of the
.' "
. "
;^
northern and northwestern lakes of theUnited States
,.........
10,^20^ .00^
Arrearages for roads, hai'bors, riversi &c.,
for the protection of pubUc property..
2,332 00
Civihzation of Iridians . . . . . . . . . . . _ . . . . . " 8,486- 25 '
P a y o f superintendents of Indian affairs
; ..
and Indian agents
.....?-........
11,344-53 '
• ,. ^
Pay of sub-agerits . . . . . . . . . . . i-.. •.
'. • 6,449 ' Ol ; -,. -^'
P a y ofinterpreters
'. ; . : . . . . . -K- -,- - - -V
75,249 67
Presents to Indians . . . . . , . . - . * - - - • • . . . . - . i
-- 1,075 00- ^ , Provisions- to Indians
..
........'.
- 8,775 25
.
Buildings and repairs . .L,. . . . . . ' . : . . : . . .
3l000- 00
^
Contingencies of I n d i a n d e p a r t m e n t . . —
-.32,597 12 ; ,
; ••
FulfiUing treaties with "the— ^ ^
- . "'
....;•;
Pottawatomies..............;..".....
19,759^61
Pottawatomies of Indiana.
...
:.
15,000 00
Pottawatbmies of Huron
400 00 -. ' ,
Pbttawatpmies of the Prairie . . . . . . . . . .
15,800 00^
. Pottawatomies of the Wabash
.'....
'24,214 93
• Creeks
.....:.
71,44696:
; . •
-;
:. Florida Indians
} . . . . . . .
' 50,7l7 12^ .^ . "
Six Nations, New . Y o r k . . . . . : . . . . . . .
• 7,2^4-26
Senecas of New Yori^..:
:.....
11,761 73 ^^
:
• Ottoes arid MissPurias..
'4,430- 00 ^'
Omahas . . . . . . . .
.....:..
. :1,080 00
lowas
..:
. . . . . : . . . . . 11,87500 .
C h o c t a w s . . . . . . . . . . . . . - . . . . . - . . . " . - . . . 74,811 89Sacs, Foxes, lowas, Sioux, &c... . • - . . .
. 528' 53
Wyandots.-...
..fi.:...
.6,000^00
'
.Ottowas..^...;.'..
. 5^1229^
// . :
Wyandots, Murisees, and Delawares..
1,480 00; .
_ '
Chippewas, Ottowas, .and Pottawato'
•
• mies . . . . . . . . . . . . . . . . \ . . . . . . : . : .
70,680 45
Menomonies.....
30,76935
Winnebag.bes.....;....;..'..........
91,809^ 00'
Christian I n d i a n s . . . . . . 1 . . . . . . . . / . . .
• 400 00
Chippewas of Mississippi.....
. . . . . . . ; 49,441 69
'
Chippewas of S a g a ; n a w . . . . . . . . .
/ > 5,050. 00 . .
,
Kanzas.
. . / . .^.
11,360 00 . . V



1841."!

S E C R E T A R Y OF T H E TREASURY.

Fulfilhng treaties with the Osages . . . . . .
$48,344 70
Delawares
...':..
' 7 , 6 8 0 00
Chickasaws . . - ! . .
9,0.95 95
Quapaws...........
.:.....
6,090 00
Cherokees
>........
7,720 00
Ottowas and Chippewas 1 . . . - . - . . . . .
55,685 O
Q
. Sioux of Mississippi
....,.,,.
36,565 00
Yancton and Santee Sioux . . . . . . : . . . . ,
980 00
Sacs and Foxes of Missouri . . . . . . . . .
7,870 00 ;
. Sacs and Foxes of Mississippi . , - r . - - v " -46,900 .00
-Kaskaskias and Peorias .
........—
'3,000 0.0
Piankeshaws
.....
800 00 .
Weas . . . . . . . i . . .
....._..
3,000 00
Shawnees . . . .
........,,,.-.:Q?340 00
Senecas and Shawnees
1..
.. 3,280 OQ:
' Senecas-......'.. . . . . . . . . . - . . . ' • . . . : .
3,880 00
E^l Rivers \
...........'.-.............
. 1,100 00
Miamies . . . . . . . . . . . . . . . . . . . ^ . . . . . . .
50,623 42
Pawnees . / . . . . . . ^
.l.-rr---.
- 8;098 '00
Kickapoos i : . . . . . . . . . ,
--r-:5,250.1)0
Salary of a, clerk in the office; of the sviperintendent or Indian affairs south of tbe
Mississippi:...^:.^.......,...,..1.^/
1^000.00
Holding treaty withthe Wyandots of Oliio
1,261 00
Expenses of holding treaty with Sac-an.d
Fox, Winnebago, and Sioux .tribes of
Indians, for their titles to lands in Iowa
.3,247 76
A location and tempprary support. for
Seminole Indians.. . . : . , . . ^ . . . . . _ . , ,i,,
10,000 00
Carrying into effect treaty with Sacs and
Foxes of Mississippi-:of 1 8 3 7 . . , , , . . . . . ,
^ ^ ^ 37 '
Cariying into effect treaty with the Winnebagoes
.......;
1,391 45
Carrying into effect treaty with the Cher. okees, per act of 2d July, 1 8 3 6 " . : . . . . 1,184,502 65
Fulfilling treaties with ..the Ottowas °aiid
... C h i p p e w a s . . . . . . . . . ' : . . . . . . . . . . . . . . . ,
/•5,817 -45
Sales of the reserves of Creek Indians,
. under treaty of 1832...
fi.,.'...,..,.-!'.'.. 2,336 00
Objects specified in 3d article of treaty
with Cherokees, 1 8 3 5 . . . . . . . . . .
V
" 916 49
Cherokee s c h o p l s . . . . . . , . . . . . . . . : . " . . . . .
1>.184 66
Interest on stocks under Cherokee treatv
of 1 8 3 5 . . . . . . .
;.....,.,... 1 .^
10,784 22
Education of Indian j^ouths . . . . . . . . . . . .
1,145 22
Removing, '&c., of such Seminole Indians
as may surrender for emigration
55,036 98
Expenses^ of yaluing. buildings and improvements, &c., pf Miamies,, under
treaty of 6th November,^ 1838 . . . . . . .
" 26 .50



•477

478

.

R E P O R T S OF T H E

[184L

Expenses of the commission to examine
•claims under trea.ty \yith Miamies of
•
10th November,' 1837 . . .
....-.,..$243.00
Examination of claims under 2d article of
treaty with Osages . . . . . . . . . . . .
.
213 64
Erection of a grist mill, under the 6th
clause of the 4th article ofthe treaty
of 1st of I^ovember, 1837, with the
Winnebagoes......:......
3,00000 ,
Expenses of breaking up and fencing in
ground, under ^.th clause of 4th article
.'
of the Winnebago t r e a t y . . . . . . . . . . . .
10,000 00
Payment of claims proyided for in 4th and
.5th articles of Miami treaty of 6th November, 1838 . . . . . . . . . . . . . . . . . . . .
26,690 74
Payment of claims due for military and — .
• .
^
geographical surveys west of the Mis. • ••
. sissippi
: ' 4,470 00
Relief of Joseph M. Hernandez; per act
of 2d March, 1839 .
...........
7,011 50 • ' Payment of balance due to Lyon and
. . .
Howard
..
. 4,36900
Re.lief of Ellen A; Schmuet, per act of
,
.' .
. <'
28th June, 1836.
.
^
2400- ^
Relief of William P . Rathbone,'per act
of 2d March, 1841 . . . . . . . . . . . . . . . . . .
^ ;4,957 37. . '' '
Relief of James - Thomas, per act of • 2d
. ' '
July, 1836
v..
.....
14,74060
Relief of Thomas Latham, and for. other
. .
. ,\ .
purposes, per act of 20th July, 1840..
594 35
Relief of Richard Booker and others, per
.
• act of 2d May, 1840 , . . •
'. . . . . . \ :
801 24-,
Relief of General Duncan L. Clinch,per
- ,,
act of 19th June, 1840 . . . . . . . . J l . . . . . . '
25,756 25 ^
Relief of Charles. J. C atlett.. •:.;.. .*....'
8,86199
Extra services, &c., of Lieut. .Col Alex^
- ' \
ander R. Thompson, per act of 20th
.) •
July, 1 8 4 0 : . _ . . . . .
.--..[ .
109 04 • ' .
Impressment • of the teams of Lucas &
.
'
. •
.
King
:...:
' 4,150 00
"
$11,149,179. 69
From which deduct the folio wing rep ayments, .viz:
\ ' '.' ' '•
Tennessee volunteers mustered ' •
' '
into service.' by General
;'
Gaines
- . . . . . . . . . . . .$.23,88-4 25
Settlement of military claims
of 1831 . . . . . . . . . . . . . . . . . 1,288 31



;

'

. '

•
v
/\

1841.]

SECRETARY OF T H E TREASURY..

Subsistence of militia, per act
of 14th July, 1832, 8th April,
1836, &c
$33618
P a y and subsistence of mounted
rangers
; 817 52
Pay of Illinois, militia - . :
5,518 92
One mpnth's pay, &c., to.vol-. ..
,
unteer's and militia of Kentuck}?', lennessee, Alabama,
fi\..
Mississippi, .&c., per act of
'
1st March, 1837 . . .:.
•.48,962 14. Accoutrements and arms for
infantry, cavalry, militia, &c. 618 07•
Publication of a new system of
• tactics and discipline . . . . . .
549 00
Blacksmith's, shop, /&c.i at
• .
Watertown, Massachusetts .
35 90 '
Constructing furnaces for heat•
ing cannon s h p t . . . . . . . . . . 1,476 12
- "
Barracks, quaiters, &c., west- '
ern f r o r i t i e r . . . . . . . . . . . . . . .3,757 40 •
Completion of Jefferson bai'~-'
,
.. racks.
509 93
Barracks and quarters at Fort
.Jesup
..............
40194
;
Barracks at Fort Crawford . .
. 50
.
Barracks at Fort Winnebago , - 99 88 •
'
Protection .of northern frontier. 53,863 20
More perfect defence of the
- frontier...
..'
.....
322 35 ^
Wagons, carts, &c.. . . . . . . . . .
69 00 . ' "
.
Transpoitation of fburtho usand
..
'
'
,
• volunteers . . . . . . . .
. . . . 9,762 00 ~ ' .
' .
Subsistence of militia, volun- .
. teers, and friendly Indians . 2,27-4 3 5 ;
Purchase of three small vessels
• to" cruise along the coast of
" •, ' .
•' .
—
Florida. . . . : . . . . . . : : . . . " . . . 3,293 50
• .
Drafts lying over, and arreaf- ages for services, &c., in
Florida, & c . . . . . . - . / . \ .
16,734 24 TranspPrtation of suppUes, &c..' 7,873 69
Volunteers and additional regi-^
;
. " •
. ment of dragoons — . . . . . 16,105 32
Suppressing hostilities of Creek^ '
"
Indians:..-:...!.....
• 1 3 8 12.--' :
Freight or transportation in
.....
Florida, & G . . ; . . . . . . . . . ' . . . . 13,902; 84
Miscellaneous arid .contingent' • • "
..,.-....
,
charges,....^.'......
48,516 96 ^
.



479
"

480

R E P O R T S OF T H E

Works at Green Bay
Opening a passage between
Beaufort and Pamlico Sound,
&c..

^

£1841.

$23 47
. *
2

25."

•
"

. ; • . • • "

^

'. .. ^

Iinproving . the navigation of
Cape Fear river, N. C . . . . . . . 24 33 ' '
* ; - . ' ,
Roads and canals . —
85 '64
' '
\
Military road from the Missis/ • • • .'
sippi to Red riyer . . . :
2,333 13
Cariying into effect treaty with
•
•
.
Osages and Kanzas, per act
•
20th May, 1826. .
12,633 72
Current expenses of Indian de.
^ . ,
. •
partment.
...........
400 0 0 /
,_
, .P a y of gun and blacksmiths .
180 00
Renioval and subsistence bf
"
\ .
- ' .
Indians...
29,500 31
. . V
,' Miscellaneous objects of Indian
depaitment...
.3,500.00
, V
Indian annuities
226 39
. '
, . /,
To replace Chickasaw annuities
, •
',, "
stolen,peract3dMarch,1835'1,000 00 ; ,
".'
'^ ^ ' , ^
Effecting treaty. with the Pot, :
taw atomies of the Prairie,
per act 2d March, 1833 . . .
IO.OO
• ^ '
. „
Completing the surveys under
,
'
^' " ;
treaty with the Delawares, ,
. '•
. -.
and expenses of' locating\ ,
. :'.
Miamies and Winnebagoes.
500 00
Expenses of surveying and
-" .
r
'
. \
marking boundapiesbetweeii . .
'' "
'. ' .^
' .
the Indian tribes west ofthe
"
.- . , ,
; Mississippi. . : " . . .
\2,279.00.
'. •
]' / -'
Employment of physicians to '
'" .
," -.
vaccinate Indians
- - r - - . 300.00.
" ., .,
Clearing out the Ochlawaha .,
. '
.
.
river
965 37
-•-• - — ..; •' $315;075 '24 . ' ^ • • "
•
\
;-• •. .;'• ••;.$10,834;104 45
NAVY ESTABLISHMENT.

Pa.y and subsistence of the N a y y . . . .
'$1,638,095 10 -..
Pay of superintenderits.r.-.57,184 .59* ' fi] -.
Increase, repair, armainent, and,equip/\
_ .
••
ment of the Navy.
[ . . . 1. ; . 1,356,799 44 "
. ',
Provisions
..,.,.....
409-,149 71
Medicines..-and surgical instrurrierits.
' '"51,841 '7Q:- ' '
' /,
Navy-yard at Portsinouth.
\
...
24,000 00 :
Do.
Boston
........
. r : ? 5 , H i : 00
.: .; r . -.
Do.
New Y o r k . . » . _ . . . ..o-. •-:, " . 9 , 2 2 9 68




1841.]

SECRETARY OF T H E TREASURY.

Navy-yard at PhUadelphia
'.
$2,978 85
Do.
Washington . . . . . * . . . . . . .
12,319 82
Do. . N o r f o l k . . . . . . . . . . . .
24,575 47
Do.
Pensacola
...^..
36,535 54
Hospital at Boston . . . . . . .
. . . ^..
1,250 23
'Do.
Brooklyn.
...........
247 55
• Do. ,. N o r f o l k . : . . . . . . . . , . . . : . . .
3,500 00
Do.
Pensacola..................
4,810 85
Contingent expenses of the Navy......
343,391 10
Contirigent experises not e n u m e r a t e d . . . .
1,760 81
Repairs of nayal asylurri, Philadplphia.. .
2,214 01
Prize money for officers and crew, of the
. private, armed brig G.eneral Armstrong . .. 901 51
- Suiyey of the e,past .from AppalachicolaL
bay. to the mputh of -the Mississippi .
'
r i v e r . . . . , ' . . . . . . .'...^.. .^ . . . . : . . . . . ....
5,699 15
Making .a satisfactory experiment of Lieutenaiit Hunter's iny ention to prppeiwar
steamers...:....
> - - - . . . . . . . : . -.
1,000 00
Pay and. subsistence of marine corps...... . . 97,354 67
Subsistence of non-commissioned officers^
••..'.•
; &c., niaririe c o i ' p s . . . . . . . . . ' . . . . . . , . . . . . . •
35,420 93
Medicines and hpspital stores, inarine
c o r p s . ' . ! . . ! . : . - . . . ' . . . . / . ; . • • . . . . ; . . . . . . • . • . • •' • 2,897.30'
Fuel, iriarine corps.
: . :•
10,116 69,
• Mihtai'y stores,-^marine„.corps,.. i . , . — ';. . '2,400, 79.
, Clothing, marine corps:
.............
.46>654 18
,Gontingent; expenses,, marine c p r p s . . . . . . .
14,638 44 .
Transportation ..arid recruiting of marine
c o r p s . . . . . . . . . . . : . . . . . . . . . : . : . ; . . . -. 5,394 42;.
Repairs of barracks..
. . . : . . . . . . . . . : 3,546 .30
Arranging,' preserving,/&c., coUections
. . ,
made by the Exploring Expedition- . - 3,100 O
O
"Relief of the widows arid orphans of the
officers and crew of'the,' sloop-of-war
\ H o r r i e t . . . . . . . . . . . . . . . . ; v . . . : • . . . . / . . ' . ' . . ; 65 48
Relief of Charles Blake, per act 28th ' \ ' • . '
^ June, 1836. . . . . . . . . . . . . . . : . . . . . . . . . . ; . 145 00'
ReUef of Cornelius Tie'rs.
. . . . . 1,200 00
''Relief of John E. Bispham, per act 2d ^
,
Marc]i, 1 8 4 1 . . . . . . . . ' . . . . . . . . . . . . . .
.29 16
;
;
$4,236,192 47
Frorii which' deductthefollowing repayments, viz:
; .
Completing h o s p i t a l s . . . . . . . . . $102. 51
Cpst of fouridationfor the colossal
statue of Washingtpn in the
rotundo of the; Capitol
9 26
Magazine at Norfolk.
, 750 00
VOL. IV.—31.



481

482

R E P O R T S OF T H E

Magazine on EUis's Island, in the
harbor of New York . . . . . . . . $614
Suppression of the slave trade .4,36.5
Wharves at Perisacola.
72
Contingent, additional, for 1829 291

.

[1841.

°
99
14
00
63 :'

.

/

3,205 53
$4,229,986 94
PUBLIC DEBT.

' .\

Interest on the funded, d e b t . . . . . . . . : . . •.
$3,076 05,
Interest and reimbursement of domestic , ^
; '
debt
:-...
761 13.
Interest on loan of 21st July, 1 8 4 1 . . . . . . .
21^652 21Redemption ofthe three per centi stock..
'554 17
Reimbursement of Treasury notes (old).. ^ . • 1,037 08Reimburseinent of Treasury notes, per act '
r '' • '
12th October, 1 8 3 7 . _ . . . .
. ' . . ;.;• . ^37,630 00Reimbursement of Treasury notes issued
per act 21st May, 1 8 3 8 . . . . . . : . . - . f i . / .
70,143 82
Reimbursement of Treasury notes issued. ' per act of 31st March, 1840
4,605,334 96
Reimbursement of ^Treasury notes issued
-^
,
per act 15th February, 1 8 4 1 . . . . . . . . :
'132,297 87 '
Interest on. Treasury riotes issued per act
12th October, 1 8 3 7 . . . . . . . . , : . . . . . . . . .
.1,155 45
Interest on Treasury notes issued per a,ct '
•' .21stMay, 1838. . . . . • . : • : . . . . . ' . • • . . . . . . ' ' ' 4,149 55 '
Interest on Treasury notes per act 31st'
' ' :
March, 1840
176,701 37
Interest on Treasury notes issued per act . •
15th February,, 1841.;
. 1 : - . - . . " , \ . 398 11
3^054,891 ^77
^ •:- ' •

,.'

, • :^- [ •
•

$24,734,346^0'?

TREASURY^ DEPARTMENT,

REGISTER'S OFFICE, i)ecem6er 2 , 1 8 4 1 .

, \




:\

,.

T . L . : S M J T ^ , Register.

r

i84i^]

SECRETAR:? OF T H E

483^

TREASURY.

©fi the Pubflk Debu
The. payments on account of the (old.) funded and unfmnded debt^
since the 1st of Deceri3ber,4840, havebeen as follows:
1. On account ofthe principal and interest ofthe funded debt:
Principal... . : . - . . . . ; . . . . ' . / . : . . ^
. ' $554 17
Interest.......
. , . . . . . .> •..,.:. ^ ^. ^ . . . i ^ .^ ^ ^ .^.......... . 3,8^7 18
$4,391 35
Leaving unclaimed and undisGharged ^ . . . . . . ^...»w. i - - . , $295,163 60
VIZ:.'

^

,'•;

•V '

P r i n c i p a l . . . . . . . . . ^ . . U - : ^ - - ^ -- - - - - - - - ^ ^ - - $52,434 76
interest........
.-242,728 84

.

2. On accourit of the rinfhnded d e b t . ; . . . . . .^.. ^ . . . . . ^ w
,
$820 00
Leaving thp amoiint of certificates and notes payable on
presbntatibn.-;...... - . . . . . .
..-..;...
^
..
35,417 53
'-Vi-z':
• '
Certificates issued,fbr eldlms during the revolutionary war,
and registered prior to 1 7 9 8 . .
..-.,
$26,622 44
Treasury nbtes issued during the last war.
4,475 00
Ceitificates of Mississippi stock
.
...
4,320 09
The payments on account of the debts of the "corporate cities of the
Disti'ict ofColumbia,, assumed b y t h e j n i t e d States, were as /follows.,
viz:

'

•

• • •

Payment of the first instalment, due 1st January, 1841. $60,000 00

Leaving due as follows:
Of the Washington city d e b t :
• Alexandria d e b t . . .
Georgetown d e b t .
.

-

$960,000 00
240,000 00
240,000 00
$1,440,000 00

The payments during the y e a r 1841,"^on account of the •
interest and charges of this debt amounted to
-,, $76,496 57

TREASURY D E P A R T M E N T ,

REGISTER'S OFFICE, December 2, 1841.




T. L, SMITH, Register.

^484

R E P O R T S OF T H E SECRETARY, &c.

[1841

Treasury Notes issued and redeemed, showingthe balances outstanding.
Treasuiy notes issued under the act of
12th October, 1837.
. . . . . . . . . . . .$10,000,000
Treasury notes redeemed under said act. 9,930,093
• ' ."
' .
Treasuiy notes issued under the acts of 21st
May, 1838, and 2d March, 1 8 3 9 . . . . .j. 9,567,086
Treasury notes redeemed under said acts. 9,514,228
' • . , . . '
'—'';".
Treasury notes issued under the actof 31st
'
March, 1 8 4 0 . . . . . . . . . . . . . . . . . . . . . . 7,114,251
Treasuiy notes redeemed under said act. 5,686,900
Treasury notes issued under the act of
15th February,.1841 . . . . . . . . . . . . . . . .
Treasuiy notes redeenied under sa:id act.

.
00
07
. $69,906 93
22
17
-,.

52,858 OS'

31
06 ^
1,427,351 25
.
.
^
6,172,69127
'
340,779 81>
: _ 5,831,911 46

Total outstanding on the 18th December, 1 8 4 1 . . . . . .$7,382,027 69
^ote.—^The amount received for duties and-lands not .yet reported for entry in the books of
this office is about $160,000. .
. '
.
^

TREASURY DEPARTMENT,
REGISTER'S O F F I C E , 2?e6'em6er




20, 1841* ^
• T . L. SMITH, Register.

\

INDEX,

A.
Alexandria city, the debt of, assumed by the Federal Government
'
273, 352, 357, 358* 371, 385, 483, 504, 630, 651
Allowances—seeFishing Vessels.
Appeal/the right of, to the Supreme Court should be allowed in cases involving an amount
of duty
....
617
Appropriations, detailed estimates of, for 1838.
. . . .123, 124
for 1840. ...
298, 299
for 1841..
.•.
,..390,391
Appropriations, in aggregate arid detail, made for 183?
.. <124 to 158
......
299 to 334
made in 1839
made in 1840'
.... . .391 to 424
Appropriations, in aggregate and detail, made by former acts of Congress—
' for the service of 1838.,
...123,158
for the service of 1839
..... '
181
for the service of 1840..
"...
298,334
for the service of 1841..
390, 424
existing, required for 1837 and former years, to be expended in 1 8 3 8 . . . , , 123,
-159 to 170
existing, required for 1839 and former years^ to be expended in 1840... . 298,
335 to 346
existing, required for 1840 and former years, to be expended in 1841
390,
425 to 436
suggestions in 1838 that prudence requires a reduction in the annual
186
which will probably be carried to the surplus fund in 1837. ,.123, 159 to 170
"
in 1839
298, 335 to 346
in 1840
390, 425 to 436
existing, not required for 1837, proposed to be applied to 1838.'. 123, 159 to 170
1839, proposed to be applied to 1840. .298, 335 to 346
1840, proposed to be applied to 1841. .390, 425 to 436
views" in 1837 in regard to the difficulty in paying the, and on the issue of
Treasury notes
,,,
..«*
7
a reduction in the* for the year 18.40 recommended, to prevent a deficit.
234
estimated amount of new, in 1 8 4 1 . . . . . . . . .
...o
358
the outstanding and unexpended in 1837, charged on the Treasury
3
the outstanding, unsatisfied at the end of the year 1837, estimated
. 91
the'outstanding, unsatisfied at the end of the year 1838, explanations as to
the
... .
<
180
the'amount'of, estimated to be uncalled for at the end of the year 1839... 235
the estimated, to be uncalled for at the end of 1840
a*
358
the amount of the, for 1837, to be applied to the service of 1838, without
reappropriation
„
91
the amount'of the, for 1838, applicable to "the service of 1839.
180
the atriount of the, for 1839, which will be applied to the service of 1840,
without reappropriation..
235
the amount of the, for 1840, which will be applied to the service of 1841,
without r e a p p r o p r i a t i o n e
*
<.
. 358




686

njTDEX.

Appropriations, the balance of, outstanding on the 1st of January and 4th of March, 1841.
a lessening of the, f<?r the service of 1841, recommended as a means to preserve a balance in the Treasury
.
beyond the estimates, views in 1837 in regard to the indefinite and the
outstanding.
,....„...„.,.. i i . 1
to pay the debt of the District of Columbia to Holland
.,..
,
Army.—Estimates, appropriations, and expenditures on account of the—see Military
Service.
Attorneys, United States, circular to, in 1837..
.....

448
361
0 1
91
36

B.
Balance in the Treasury 1st January, 1836, including trust funds. . . . . . .
88
1st January, 1837
.1, 89, 175, 605, 627
30th June, 1837...
3,441
1st January, 1838..
90, 91, 176, 178, 256, 627
1st January, 1839
175, 178, 231, 255, 256, 371, 629
1st January, 1840
.351, 371, 372, 437, 627
1st January, 1841..,
.438, 461, 462,. 605
4th of March, 1841
...
"
438, 439, 441, 486
1st of January, 1842.
, ..
.485, 598
IstofJanuary, 1843..,.,
"....'.'
487,599
1st of July, 1843
,
598, 600, 678
1st of October, 1843
,
„
601
1st of July, 1844 . .
..
667, 673, 680
nominal and actual, at the end of each year from 1837 to 1843. .626, 627
on the 31st December, 1836, exclusive of trust funds and outstanding warrants...... ...... . . . ..
.. , . , . . . . . "
627
Balances in the Treasury, views in 1837 in regard to the
• •• •
.91
views in 1838 on the policy of avoiding large.
184
unavailable
,
.178,'372, 599
Balances estimated to be in the Treasury on 31st December, 1838, and views in regard to". .93, 98
on the 1st January, 1839
177, 178
on the 31st December, 1839
.180, 232, 234
on the'31st December, 1840
234, 255, 352
on the"31st December,-1841
. .i
.:357, 358
on the 30th June, 1843
.
488
on the 30th June, 18.44
488
on the 1st July, 1845. ..
. . . . . .'.'. 669
on the 1st July, 1846
..........
^670
Balances of public money due by the late deposit banks, December 12, .1834
229
due the^United States—see Banks—see Bank United States—see
Bonds.
of public money subject to draft, 4th'March, 1841.
•
. . .449, 452
Balances, of appropriation outstanding on the 1st of January and 4th of March, 1841.
448
Bank capital, discount and issues, a cause of the financial embarrassment in 1836-57.
-30
Bank notes, not. receivable in payment of duties, &c.
,„.... u
.
.43, 47
circular from the Treasury Department in 1789, with regard to the receipt for
duties and transmission by mail of. . . . . . . . . . . . . . . . . .....
.
53
Treasury circular in 1790, in regard to the bearing of the collection law upon
;the receivability of, for public.dues..'
..„..,.
.. . . .
54
the circulation of, in 1837.
.....
103
.the conveniences of, when equivalent to s p e c i e . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
the effect of the. curtailment of the issues .of, in bringing about a resumption
of .specie payments.
..... „
. . . 190
act of. Congress of July 5, 1838, in relation to.
217
the exclusion of small, from circulation advocated in 1839..
• - . 252
Bank of the. United States, the amount of "the" bonds due by. the,
3, 234
concerning the restriction on the sale of the .bonds of the
182
the creation of a, recommended'in 1 8 4 1 . . . . . . . . . . . . . . .
447
bonds of the, outstanding and falling due to the Treasury in 1837,
1838,: 1839, 1840, and 1841. . . . . . . . . . . . . . v r „ " . " . . ' . . . .
455
receipt into the Treasury from the bonds due by the—
in 1837. , ...
;
„
90
1838
.
92, 176, 178, 256
1839.
v............
180
1840
.'..'
,.....:
351, 437
1841;.
..:
; ; . . . . . . . . . .438, 461, 462
the condition of the, in-1837.and 1 8 3 8 . . . . . . . . . . . .218, 219, 220, 221
warrants drawn on the
*.»........,...,...
61
in 1816 did not prevent revulsions-in trade, and finanpial embarrassments
368




INDEX.

687

Bank of the United States, views in 1841, in favor of-a, as a "fiscal agent-of the Government .-.
........
..........
. . . .445, 446
Banking, its conveniences, advantages to trade, &c..
.......
. . . . . . . . . . . 102
free, the preferable system of. .•„ . . . . . . .
369
Banking institutions, a reform in, suggested to the States in 1838
191
views in 1839 in regard to the condition of, generally, and the kind
of money receivable for public dues.
,. ..,
..
249
Banks, the deposit, views in 1837 in regard to the condition of, and to a settlement with
the former deposit. „ „
..
........ ... .17, 102
letter to the Executives of the States, with the postscript as to the ret/urn of the
transfers in case of <the nonpayment of the deposits by the.
..
51
Treasury circular to the deposit, discontinuing those which had .ceased to pay
specie for-their n o t e s . . ' . . . . . . . . . . . . „ , .
..
...
55
list of the deposit, discontinued under the act of June, 1836. . . . . . .
... .. ..
57
of deposit, list of, retained under the act of June, 1836,
...
58
(collectors of the customs and receivers of the public moneys made depositaries in
case of a suspension of specie, payments' by the. ,u,
...,..'...
. . . . . . . . 59
views in 1837 on the,circulation and ability of the, to resume specie payments... 103, 105
the deposits of Government funds unavailable for the service of 1838... „ . ..
.177, 178
the deposit, including the United States Bank and branches, the number and amount
of warrants drawn on the, in the year 1834.. .. .-..61
comparative condition of the, in certain particulars, in November, 1836, and in
March, May, July, and August,1837
...
. . , . , . 64
state of the accounts of the former and present, with the Treasurer of the United
State's.
.. . . . . . . . . . . . . . . .
65
statement of the condition of the former, on the 15th of August; 1837. . . . . . . . . . 70
Treasury circular of J^uly 3, 1837, to the former, urging the resumption of specie
p a y m e n t s . . . . . . . ....
,,-..
86
views in 1837 in regard to the availability of the balance of Government funds in
the coffers of the
........
91
recommendation, in 1837, that the notes of-local, specierpaying, only, be received for
lands
....
.. ..
.. .,. .. 25
views in, 1837 in regard to the, and the safekeeping of the public moneys
102
comparative statement of the condition of all the, in the United States, on and. near
the 1st of January, 1836, 1st January, 1837, and since the suspension of. specie
payments........
. . . ..
172
comparative condition of the, in fifteen States, before and since the suspension of
specie payments.
............. — . , , . . . . „ „
...........
173
the further credit.extended to the, and the ultimate and ready settlement by the, & c . . .97
views in 1838, in relation to the resumption of specie payments by the
188, 191
comparative statements of the condition of the, in the different divisions of the Union,
according to returns dated nearest January .1, 1837, and January 1, 1838. ..218, 222
views in 1839 in regard to the, in connection w;ith the safekeeping of the public
moneys.
,.. .. - , ;
245
the use of the public money by the, for discounts, unprofitable.
„...
192
concerning the system of special deposits with t h e . . . . . .
193
deposit, statement of the condition of the, on or near the 1st of November, 1838, &c. .225
losses by the .deposit, in 1834, small compared with those of 1837...
„
194
list of.general deposit, and. the amount in cash subject to draft, , in accordance to
returns received to ,1st December, 1 8 3 8 . . . . . . . . . . .
—
224
list of the late deposit, in which special deposits have been made,..&c., .and the
•amount ofspecial deposits subject to draft, 1st December, 1838
228
statement of balances due the United States, 10th November, 1834, from banks
formerly depositories of the. public money, with the credits to 'which they are
entitled for payments since that date, &c.
...
.....
. . .229
list of former deposit, which suspended specie payments, and gave bonds to. the
United States, under the act of 16th October-, 1837, and the amount of balances
due by them on said bonds on 3d December, 1838, &c... . ..
230
statement in 1839 of public moneys to the credit of Treasurer of the United States
in the two general d e p o s i t . . . . . . .
346
statement of the condition of the deposit, to the 20th November, 1-839..,
347
estimated payments into the Treasury in 1840, out of the moneys due by the former
deposit.. , . . . . . . .
.....
, , 351
available funds in the depositj in'1841. ,
....
357
"balances of the deposits with the, .prior to-the-suspension in .1837
, .451, 454
amount of .special deposits with the
., .
.....
.451, 454
debts due by the, in 1837 to ,1841, inclusive
....
455
lists of general-and special-deposit, in .1843
.•
„...
.^628
list of deposit, in 1844.
"
683
in the-District of Columbia, concerning the resumption of specie.payments by the.. 21
insolvent, Government funds in th.e,,unavailable. „ . . , . . . „ ;
91, 177, 178




688

njTDEX.

Beaver cloth, the prices of, in 1842. „ „ . „ . . « i . . .
, ..
. . . . . 508
Beef, cattle, • hides, &c., exported annually from the United States, from 1790 to 1838
inclusive, the value o f . . .
..
... . . . . .
287
statement of the |value of, exported' annually from the United'
States, from 1821 to 1842, inclusive; and of the countries to
which exported.
.
.645, 646, 647
Bibb, Secretary—see Finances.
Bonds due by the Bank of the United State's—see Bank of the United States.
Bonds for duties, concerning the payment c>f.......... , , . . „•.......
3
for duties, considerations in 1837 in regard to the postponement of the payment of..
4
circulars of the Secretary and Solicitor of the Treasury in regard to the postponement of the payment of..
. . . . I.
...........
. . . . . . . ... .33, 36
memorial of the New York merchants, in 1837, to the President, for the .stay of
the collection o f . . . . . .
. . . . . . J.
......
..
°
......
38
memorials of the Chambers of Commerce of Boston and New Orleans on the same
subject... .'
...I
. .
40,41
Treasury circulars to the Boston Chamber of Commerce and the Collector at .New
York, in regard to the kind of money receivable for, &c..... , u
,.43, 47
.memorial of the Chamber of Commerce of New York, August 28, 1837, asking
for a postponement of the payment of duty bonds
..
49
views in 1837 and 1838 in regard to1 the extension of the credit o n . , .
..
97, 190
..
..
....
360
Bounties and drawbacks, a modification of the, recommended in 1840.
on pickled fish exported, payments for, from 1821 to 1842.
, .,...
635
Bullion and specie—see Imports—see Exports.
Butter* cheese, &c., exported annually from the United States, from 1790 to 1838, inclusive, the value o f . . I
...
28 7
statement of the value of, exported annually from the United States,
from 1821 to 1842, and of the countries to which exported. .645, 646, 647
C.
Calico, imported and American, the prices of, in 1842
„„...,.-„.
508
Certificates, without interest, recommendation, in 1837, that, be issued and made receivable
v.....
for public dues., . . . . . . . .
...
..
25
Clerks, submissions for the appointment of new. „ . . . . '
. • 157
•
Clerks—see Customhouse.
Circulars—see Treasury Circulars.
Civil, diplomatic, and miscellaneous service—
estimates for 1838
- .123, 124, 138, 156, 159
estimates for 1839.
..
i ...
"
181,232
estimates for 1840
235,, 299, 331
estimates for 1841
;
.358, 390, 421, 440, 462
estimates for 1842
..
..
486
estimates for 1843
487, 601
estimates for 1844-'5.
..
..
.488,603
estimates for 1845-'6.
..
—
669
appropriations made in 1837.
..
..
124, 159
appropriations made in 1839.
.. ...
< .299, 331, 335
appropriations made in 1840
• .391, 421, 425
appropriations made in 1841
438
expenditures in 1837
'
109, 175
expenditures in 1838...!
» .. .177, 178,- 201, 256
expenditures in 1839
..
232,257, 371
expenditures in 1840 .
352, 373, 437
expenditures in 1841
.....
438, 462, 471
•expenditures in 1842
.486, 492, 620
expenditures in 1843-'4
600, 623, 678
expenditures in 1844-'5.
^ ..
668, 680
Coast Survey, the progress of the, &c
:
;.
.108, 199, 253, 675
Coffee and tea, duty on, recommended. . . . . . . . . . .
. . . -609, 616
the value <of, imported into the United States annually, from 1821 to
1842.
637
Coffee, the value of, imported into the United States from 1790 to 1838, inclusive. ..
276
Collection.of duties, statement of the expense of, annually, from -1821 to 1 8 4 2 . . . . . . . .
635
Collection law, extract from the report of the Secretary of the Treasury in 1790, touching
the bearing of the, upon the receivability of bank notes in payment of
duties..v.*.... .,.
..
•• • «•••
54
a revision of the, recommended
199
'Collector at New York, Treasury circulars-to, in 1837, in regard to the specie circular and
duty-bonds.,..'.
,
• • -33, 47
circular from the, in regard to the excessive supply of foreign
merchandise in 1842
507




INDEX.

5

Collector at Baltimore; in 1789, Treasury circular to the, in regard to the receipt and transmission by mail of bank notes
.,
53
•Collectors of the Customs, made depositaries of the public moneys received by them in
case of suspension of specie payments by the b a n k s . . .
59
to. receive Treasury drafts in payment of duties
6*8
continue to make deposits of public moneys in certain banks. 192
concerning the report of the ultimate losses qf public moneys by, 194
recommendation of collateral security from, as keepers of the
public moneys, and making any embezzlement of public
money by them a penal offence.
. . . . . . .195, 196
Treasury circulars to the, in .1838, in relation to the kind of
currency receivable in payment of public dues
215, 217
list of, and of receivers of the public moneys; having public
,moneys in their hands, on whom drafts have from time to
time been placed, and are intended to. be continued, for the
sums to the credit of the Treasury; showing, also, the balances in their hands subject to draft, conformable to returns
to December 3, 1838..
. . 227v
Treasury circular of July 14,1838, to the, 'exhorting them not
to use the public moneys for private gain, &c.
.
..
230
a reduction of, recommended in 1840.
..
..
364
Commissioner of Customs proposed in 1837 and 1838.
108, 109, 349
Compensation, the, to custom-house clerks. . .
..
617
•Commerce of the United States, views in 1839 in relation to the.
....
....
.. ..
233
the extent of the—see Imports—see Exports.
statistical view of the, from the year 1821 to 1842.
.. 634
Commerce, foreign, concerning the fluctuations in the.
, . ..
..
. ..
604
s
what constitutes .legitimate
367
•Constitutional currency—see Currency.
Cotton, over product of, and reduction of its price, cause of financial embarrassment in
1837
.28,95
the net profits of, in 1835 and 1836.
............
105
statement of the value of manufactured, imported annually into the United States
from 1790 to 1838, inclusive. ..
275
statement of the value of, exported annually from the United States from 1790 to
1838, inclusive
,,
285
statements of the value of, exported annually from the United States from 1821 to
1842, and of the countries to which exported. t .
645, 646, 647
Cottons, statements of the kinds and value of, imported into the United States annually
" from 1821 to 1842 .
636
the value of manufactures of, imported for the same periods., .
638
Credit, the Government, views in 1839 as to some stable means to preserve the
243
public, views on the necessity of permanent legislation to preserve the, against the
contingencies of a fluctuating trade.
.. .. . . . . 184
how preserved, &c., in 1840.
..
.354,355
the importance of its maintenance
..
490
views in 1844 on the importance of sustaining the public.
650
Credit, an excess of, always ends in revulsion..
367
Crockery ware, the value of, imported into the United States from 1790 to 1838 inclusive. 276
Currency, views in 1837 in regard to the constitutional, and the proper kind of, to be
received in payment of public dues, &c.
... — . . .
.21,98
Treasury circulars to -the Boston merchants and collector at New York in regard
to the kind of, to be received in payment of duties
.v.
.43, 47
circular in 1789 in regard to the kind of, receivable for duties...
......
53
kind of, in view of the collection law, in 1790 receivable in payment of public dues. 54
the, as afforded by the banks. ,.
..,„,
103
views in 1838 on the kind of, received for the public dues, &c..
.. ..
188
Treasury circulars of June 1 and July 6, 1838, to the collectors and receivers,
in relation to the kind of, to be received in payment of public dues.. . . . . .215, 217
views in 1839 on the condition of the banking institutions, and the kind of, ,
receivable for public dues
..
...
.......
249
advantages to'the, by the disuse of paper in paying public dues
—
363
Custom-house establishment, concerning t h e . . . . . . . , .. .. . . . . .
253^
bonds—-see Bonds.
clerks, practice of allowing compensation out of the revenue where the fees
are inadequate, &c., abolished.. ,
..
.. ..
617'
officers, concerning the restriction on the increase o f . . . . . . . . . . . . .
673
revision of the pay of, recommended in 1837...
.. - .
.109, 199
reduction of, recommended in 1840
364
responses of the various, of the United States, to Treasury circular
of November 24,1842, in regard to the warehouse system. .530 to 595'
VOL. I V . — 4 4 .




690

njTDEX.

Customs, Commissioner of, proposed in 1838 and 1837..".
....
. . . . . . . . . . .108,199, 34$
Customs, receipts from, estimated for, and ascertained—
In 1836.,
..
183 7
2, 90, 175
183 8
'
92, 176, 178, 256
1839.
...
.180,231,371
184 0
234, 351, 437
184 1
357, 438, 439, 440, 456, 461, 462
184 2
442, 456, 463, 485, 620, 6,03
1843-' 4
456, 487, 488, 600, 623, 667, 678, 680
1844-' 5
602, 667, 678
1845-'6..
669
Customs, receipts from, from 1st January, 1816, to 31st December, 1836, inclusive. .,
459
from 1st January, 1837, to 31st December, 1840.
..
460
from 1st January, 1837, to 30th September, 1843
627
a change of duties recommended in 1841, and an increased revenue therefrom... 442
estimate of the amount which will be. received from, in the last Quarter of 1841,
and each of the two succeeding years, under a modification of the tariff,. — .. 466
views in regard to the receipts from, in 1842.
..
..
..
.463, 603
estimated receipts from—see Estimates.
D.
Defalcations,, report in 1838 of the probable losses of the'public funds by receivers and collectors.
..
., . . . . . .
194
concerning the list of officers reported as standing on the books of the Treasury, 12th October, 1837, as defaulters.
.. ,
..
.. 195
collateral security from collectors and receivers -and other depositaries, and
attachment of penalty to prevent.. . . . . . .
..
195, 196
concerning checks and securities and penal enactments against.
, , .252, 363
the losses by individual
. ..
. . ..
.r..366, 444
.—
......
445
the, by banks, as keepers of thp public moneys
congratulations in 1843 that there are no, by officers of the Government.. .
618
Deficiency in the Treasury, apprehended.
..
..
... .
3
apprehended at the close of the year 1840, the amount o f . . .. 234
views in 1839 on some permanent safeguards to prevent, & c . . 243
concerning a provident fund to meet a
. 252
a modification of the tariff recommended in 1840 to prevent a. 362.
to be provided for in 1842, and views in regard t h e r e t o . . . . . . . . 439,
440, 462, 463 , 464, 469
amount of, 31st December, 1842, and views in regard thereto, 487,488
amount of, on the 1st January, 1842
...
.. . . .
598
probable, at the end of the fiscal year 1843-'4.
.'. 602
probable, at the end of the fiscal year 1844-'5.
..,
603
the, how supplied.
./
,
. 605
views in 1843 as to provisions for meeting, in the revenue-.
608
217
Deposit act of 23d June, 1836, an act to modify the.
Deposits, of the public moneys with the banks, views in 1837 and 1838 in regard t o . , . 10, 17, 192
letter to the Executives of the States, with the' postscript as to the return of the
transfers in case of non-payment of t h e . . . . . , . . '
.....
..
.
51
Treasury circular discontinuing the, to such banks as had suspended specie payments
..
55
unavoidable
91,177, .178, 357, 372, 627
with the banks, considerations in relation to a system of special. .
193
with the States, in 1837
,
..."
..
„ . 1.1, 3, 30
considerations touching obstacles in the way of transferring the last instalment
of, to the. States. ..
..
5
views in 1837in regard to the extent and availability of the, &c
...
90, 97
unavailable for the service of 1838
.. . .
.177, 178
the Secretary does not anticipate that there will be any surplus inNthe Treasury
1st January, 1839, to deposit under the act of June, 1836.. ... —
181
the obligation to deposit with the States any surplus, not a debt due the States, 181
further views in 1839, on the impracticability of making available the, and the
legislation of Congress on the subject
:
184
concerning the.
..
....
253
the aggregate amount of
..
. .. u . 627
. (For further information and views in regard to, see Banks—see Public Moneys.)
.'Deposits, public,.interest on, from 1837 to 1841
..
455,
Deposits in the Mint—see Mint.
Depositories, views in 1837 on the propriety of appointing general. .. . .. . . . . . . . 107
general, under the act of 4th July, 1840
^ ..
.449, 452
selection of certain, in 1844.
674




INDEX.

691

Diplomatic service—see Foreign Intercourse.
Disbursing officers, views in 1840 in regard to, &c
363
Discounts, the use.of the public moneys for, unprofitable and injurious to the banks and
borrowers.. ..
,, ......
...,„, 192
District of Columbia, amount of debts of the cities of the, assumed by the Federal Government. 179
payments on the, and remarks in regard to the debt of
273,
352, 353, 357, 358, 371, 385, 483, 504, 630, 651
Documents, list of, appended to the Secretary's report in 1837
•
32
Domestic produce and manufacture, value of annual exports of, from 1821 to 1843 inclusive. 632
views in 1840 on the exports of, for a series of years. 355
statement of the value of the annual exports of, from
1821.to 1842.. .
....
634
> statements of the value of certain articles of, exported
annually from 1821 to 1842, and exhibiting the countries to which they were exported..
., .645, 646, 637
value of exports of, in 1844
683
exports of, from 1834 to 1840, the value of, 15 per cent.
added
...
457
statement of +he value of, reexported annually from
1821 to 1842
.631, 632, 645, 646, 647
exports of, from 1790 to 1838.
.285, 287
See Exports.
Donations for local objects should be forborne, recommendation in 1838 that.. .,.
187
Drafts in hands of disbursing officers saleable for specie alone.
363
Drawback paid on foreign merchandise, domestic refined sugar, and domestic distilled
spirits, annually, from 1821 to 1842. ,.
635
Drawback, the inequalities of the, on sugar and molasses, and necessity of legal provisions
to correct..
., ...
. 442
a retention of a larger percentage of, recommended .
. ..
611
Drawbacks, views in 1840, concerning..
.354, 360
Dues, the money receivable for—see/Public Dues.
Duties, the amount of, collected annually—see Revenue—see Receipts—see Imports—see
Public Dues.
the bonds for—see Bonds.
views in 1837, concerning the extension of credit on
..
97
the receipts from, in 1838, and the estimated, for 1839.
183
how estimated
. . . . . . . . . . . . . . . . . . 183
under protest, concerning the mode of keeping and repaying..
200
a modified duty of 20 per cent; ad valorem, recommended in 1841.
442
increase of, recommended in 1841
...,
..
, 469
the decline in the importations in 1842, not attributable to the system of duties.
490
the largest importation under the highest rate of
.. 604
any change in the .rate of, not likely to improve the revenue. ...... , . , . . . , . . 6 0 9
•on tea and coffee urged
609, 616
on tonnage and light money recommended to be applied to hospital purposes.. .610, 616
transit, on imported merchandise, &c., suggested.
,
.611,616
the amount of, on merchandise from 1837 to 1843.
626
the amount of, collected on foreign .merchandise from 1821 to 1842.
631
amount of, which accrued annually upon imported merchandise, from 1821 to 1842. 633
statement of the amount of, on merchandise, tonnage,'' light money, passports, &c.,
annually from 1821 to 1842 inclusive . .
635
expense, of collection annually from 1821 to 1842 inclusive
635
statement of, ad valorem and specific, upon manufactures of iron and steel imported
into the United States annually from 1821 to 1842 inclusive
641
their effect upon importations and the prices' of merchandise, &c
662
the average yield of, &c., under the act of 1842.
671
of articles imported during the nine months ending 30th June, 1843, the duty on
which exceeded 35 per cent, on the average wholesale market value of such
articles.... ..
681
gross, which accrued in the fiscal year 1844.
683
Duty, the value of merchandise imported from 1834 to 1839, both inclusive, free of, paying
aa volorem, and paying specific
274
E.
Embarrassments—see Financial.
Estimates of receipts into the Treasury from all sources and of all expenditure for all
objects—
for 1837
2,3,90
for 1838 .
92, 93, 123, 124, 176, 177, 178
for 1839
180, 181, 231, 232
for 1840
234, 235,298,299,351, 352




692

njTDEX.

Estimates of receipts into the Treasury from all sources and of all -expe'ndittlre for alf
o bj ects<— Continued.
for 1841. ..
.....
357, 358, .390, 391, 439, 440, 456 * 462
for 1842.
.. .. ..
,,.,......;.,.:...
442,463,485,486,598
for 1843
..
„.......
487, 599
for 1843-'4. / .
..' .. '
..487, 488, 600, 601
for 1844-'5. . . , , ,
,..
..602,667,668for 1845-'6. . , .
.,.,..
66$
explanatory remarks in 1837 on the, for 1838,
99, 101, 123, 124
f . . . . . . ,.„
explanations in 1838 of the, for 1839, and suggestions on the mode of meeting fluctuations
in them, .
......
-182
of 1839, .on an economical basis.
*«.. / . . . . . . 185views in 1839 in regard to the estimates of receipts for 1840
.....
.235, 236explanations in 1839 of the estimates as to th.e expenditures and of some further reductions in them..
237
viejvs in 1840, in regard to the, for 1841. ,.
.....
356, 357
explanations in 1841, of the, for 1842. .,„ ..
463,487,358,359.390, 442
.views in 1842 of the estimate of 1843...,..........
.. .
488
views in 1843 of the estimates .of 1844-'5.
..
......
.„..,..,..
603
views in 1844 of the estimates of 1845-'6
. . . . . . ... . . „ . . . „
670
of appropriations, in aggregate and detail, for 1838.
123,. 124
of appropriations for 1840. . . .
..
...
.235, 298,- 299
of appropriations for 1 8 4 1 . . . . .
.:
......
.358, 390, 391
statements .under the act of May 1, 1820, accompanying the a n n u a l . . . . . . . . .159, 335, 425
of the duties on the average value of imports, from the 30th of September, 1834 to 1840
inclusive
. . . ... . ...
....................................
. . . . . 4§8
Ewing, Thomas, Secretary of the Treasury-^see Finances.
Exchanges, domestic and.foreign, views in 1838.on the good.condition of the... .„,
. .190, 191
Expenditures of the Government for all objects, estimated for and ascertained, in aggregate
and in detail, in—
,89
1836.
lOOU . ..
..
..
u
..Go'
183 7
90, 109, 175
183 8
..
...
93,177,178,201,256
183 9
180,181,232,257,371
18.40
:
235, 352,373, 437
1841. . . . .
...
.358,.438, 439,440, 448, 462, 471, 599
184 2
....
, , .,
463, .486, 492, 599, 620
1843
..
.487, 599, 623
1843-'4.
„
..
.. ..
.48, 600., 601, 667, 678
1844-'5 i
...
.'..
.... '
.603,668,680
1845--6 .
. ...
669
Expenditures, views in 1837 in regard to the estimates of, for 183.8.
. . . . . . 9 4 , 101
and revenue for 1837, further explanation as to the effect upon them by laws
passed at the special session in 1837.
. . . . . . . . . . 96
prediction in 1837 that on certain contingencies the, can be re.d.uce.d to
$17,000,00.0., .and views why former predictions of reduction were not realized
....
"
./
101
views in 1838 in regard to the fluctuations-in the.
.182, 184, 185
yiews in 1838 on a reduction of the annual to meet the diminished revenue
apprehended in consequence of the gradual reductions in the tariff,.... .185, 187
views, in 1839 why the expenditures in 1,840; will be les.s.than those of the
previous year, and why they should not be more than $18,000,000
237,
238,252
general yiews in 1839 in regard to the causes of increase in the. ..... . . . . 239
considerations in 1839 as to some permanent safeguard under fluctuations in
receipts and.
,..
.,-......
. . . . . . . . . . . . . . .242, 252
proposition for a reduction of.
„. 252
general views in 1840 in regard to, and for a reduction of t h e . . . . . . . . . . . , 366
exceeded .the r.ev.enu.e, and how, and the necessity of early regulation to prevent a further augmentation..,, ,.. , , . . . . . . . . . . „ „ . . . . . . , „ „.. . . „. . . .441, 442
excess of, oyer revenues,in 1842. ....
599
views in 1843 in regard to a diminution .of the. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 605
views in 1844 against extravagance in
.. .. 662
average rate of, for certain years, exclusive of the public debt.
605
exclusive of trust funds, loans, and Treasury notes, from 1816 to 1836, and
from 1st January, 1837, .to 30th D.ecember, 1840
.459,460
average annual expenditures from 1816 to' 1836, and from 1836 to 1840. .459, 460
excess of average annual expenditure for current expenses orver receipts
460
.statement of the'annual expenditures pn all accounts, from January 1, 1837,
s to. September. 30, 1843*.
627




INDEX.

693

.Expenditures, an account of the principal and interest of the public debt existing before
1837, between January 1, 1837, and September 30", 1843, and for interest
on loans and Treasury notes from 1831 to 1843.
....
626, 627
see Miscellaneous Expenditures—see Treasury Notes—see Estimates—see Public
Debt—see Naval Service—see Foreign Intercourse.
for the Jlrmy, see Military Service.
Expenses' of Governm-ent, views in 1843 in regard to a reduction in the.. . " . . . . . . „ , . . , 607
of collecting the revenue—see Collection.
see' Expenditures.
Explosions—see Steam-boilers.
Exports, in 1837, ascertained and estimated, and views in regard to'.
94
statement'of the value of, during the years ending 30th September, 1836—'37.,.... 171
value of, during the commercial year ending September 30,1838.
181, 214
value' of, during the commercial year ending 30th September, 1839, and views in
relation to the amount, &,c.} of.
,
233
•statement of the value- of imports and, during the years 1834, 1835, 1836, 1837,
1838, and 1839.
'
...
274
•statement of the value of annual, domestic arid foreign, from the United States,
from 1790 to 1838 inclusive. A
•
'
285
statement exhibiting the States from which the annual, from 1790 to 1838 were
made', send the value' of, from each State, &c..
287
countries to which the annual,'from the United States were made from 1790 to
1838 inclusive, and the annual value of, to each c o u n t r y . . . « ,
291
views in 1839 in regard to past imports and, of the United States
. . . . . . 294
iiri 1840, the amount and peculiarities of, showing an excess over the imports. . 354
views in 1840 on the, of domestic products for a series of years
.355
statement exhibiting the value of imports and, annually, from 1791 to 1840 inclusive,
and the excess in either case for the same period
. 387
value of, and imports during each presidency, from Mr. Monroe's second term to
Mr. Van Buren's, inclusive.
..
..
..
388
of bullion and specie during the year ending 30th September', 1838
224
of bvllion and specie annually from 1790 to" 1838. . , . . :
286
average value of, for six years, &c., &c
.,, , . .
. . . . . 456
o f domestic' and foreign produce from-1834 to 1840, the value of 15 per cent, added. 457
value of,- during the" year ending 30th September, 184&
505
value of foreign merchandise exported annually from 1821 to 1841.
506
statement of the value of, of domestic produce and manufacture, and" of foreign
merchandise reexported- annually, from 1821 to 1842.......
631, 632
•statistical view of the commerce-of the United States, exhibiting the value of im'
634
ports and, annually,, from 1821 to 1842
•statements-of the-value-of certain articles of domestic produce and manufacture,
and of bullion and f^pecie exported annually, from 1821 to 1842 inclusive, and
the countries to* which exported..
645, 646, 647
statement exhibiting the value of, during the year ending 30th June, 1844...,
683
F.
Fees, the surplus, of clerks of district and circuit courts, concerning.,
..
607
Finances, in 1837; reports' of Mr. Woodbury on the state of the Government
.1, 89
1838; report of Mr.' Woodbury on the state of the
175
1839, report of Mr. Woodbury on the state of the.. .
.. ...
231
1840, report of Mr. Woodbury on the state of the
' . . , . , 351
1841, report of Mr. Ewing on the state- of the.
.. . . .. ..
437
1841, report of Mr. Forward on the state of the.
.., ..
;. .. .. .. 461
1842, report of Mr. Forward on the state of the". .
*
485
1843-^4, report of'Mr. Spencer on the state of the. .
597
1844-'5, report of Mr. Bibb on the state of the.
..
649
of the Government, 'recommendation in 1837 of certain legal provisions for the
1 pro'p'er'administration of the...
..
"
.
. . . .. . . , . . 107
touching the recommendation of permanent measures to meet any fluctuation in
the;,;
'
183
Financial embarrassment, views in 1837 and 1&38 in regard to some general causes of,
and remedies for. , , . . . . . . . . .
,..-...
. . . .28,184
the excess of importation of foreign merchandise' over the exports one great cause o f . . . . . .
, . ..
233
legislation recommended in 1840 to prevent
355
Financial operations of the Government, general views in 1840 in regard to the. ..
365
Fiscal year, alteration in the, proposed.
.,
. . . .
.199, 349
the change in the
....
. . . . 597
Fish; exported annually from-the United States from 1790 to 1825, inclusive,.the value of. 286
exported annually from the United- States, from 1821- to 1842, inclusive, the value of.. 645
Fishing vessels, allowances to, annually, from 1821 to 1842. . . . . . . . .
635




694

njTDEX.

Flannel, American, the price of, in 1 8 4 2 . . . . . .
...... — , , .
^ SOS1
Flax and hemp, statement of the value of manufactures of, imported into the United States
annually, from^l821 to 1842, inclusive
640
Flax—see Linens.
Flour, exported annually from the. United States from 1790 to 1838,. inclusive, the value of. 286
statement of the value of, exported annually from the United States, from 1821 to
1842, and of the countries to which exported.
..
,
,....645, 646, 647.
Fluctuation in receipts and expenditures—see Finances.
Foreign intercourse, estimates for 1838 for.
..
.123, 144, 156, 159, 177
estimates for 1839 for.
181, 232
estimates for 1840 for
298, 235, 322, 332
estimates for 1841 for
358, 390, 413, 422, 440, 462
estimates for 1842 for.
„
..
486
estimates for 1843 for
i.487, 601
estimates for 1844-'5 for
488, 603.
estimates forJ^S-'G for
669'
appropriations made in 1837 for.,
..
• -144, 159'
appropriations made in 1839 for. ...' ... :
299, 322, 335;
appropriations made in 1840 for. „. ..... ... .. . . . . . . . . . . . . ,
.413, 42£
appropriations made in 1841 f o r . . . . . . . .
438;
expenditures in 1837-on account'of.
..
. . . . . . . . 109, 175178, 201, 256-'
expenditures in 1838 on account of
expenditures in 1839 on account of. . ..
,
.232, 257, 371
expenditures in 184.0 on. account of.
..............
352, 373, 437
expenditures in 1841 on account of.
..
.
462, 471
expenditures in 1842 on account of. .........
... u . . . . . . . . . .486, 492, 620
expenditures in 1843-'4 on account of.
. ...600, 623, 678
expenditures in 184.4-'5 on account o f . . . . . ;
....
.668, 680
Fortifications,, a reduction of appropriations for, recommended in 1838.,
—
.. • 187
estimates for 1838 for
148
estimates for 1839 for
A
181, 232
sestimates for 1840 for
..
..
235, 298, 326
estimates for 1841 for.
.358, 390., 416, 440, 462
estimates for 1842 for
486
estimates for 1843 f o r . . . . . . . .
..
..
'
487,601
estimates for 1844-'5 for.
..
.488, 60$
estimates for 1845-'6 for
...
'..
.........
. . . . . . . . 670'
appropriations made in 1837 for..
~
....148, 164
appropriations made in 1839 for
,..;...
..
326, 339'
appropriations made in 1840 for.
. . . . . „ . - . . .......
.. .417, 429"
appropriations made in 1841 for
; .. ..
. . . .
.. . .438, 439s
expenditures in 1837 forV
.. ,.
..
.....
175
expenditures in 1838 for
.177, 202, 25G
expenditures in 1839' for.
..'.232, 258, 371
expenditures in 1840 for.
.352, 374, 437
expenditures in 1841 f o r . . .
-.. .438, 462, 472
expenditures.in 1842for.. . .
..
..486, 492, 621
expenditures in 1843-'4 for
'
„ r.
624, 679
expenditures in 1844-'5 for.
..
..
.. .....
..
.668,^680
Forward, Walter, Secretary of the Treasury—see Finances.
France, the sixth instalment due from, to the United States, paid...
... ..
199'
the interest on the first four instalments of the indemnity d u e b y . . . ......
..
253*
Funds—see Trust Funds.
public, unavailable..
»
.91, 177, 178, 372, 62T
G.
General Land Office, concerning t h e . . . . . ..
253
the operations of the, in 1840, concerning
. ..
364
the operations- of the—see Public Lands.
Georgetown, the debt of, assumed b y the Federal Government...
-179, 273, 385payments on said debt—see District of Columbia.
Grain and flour, views in 1837 touching the price of, their value, and the- quantity
imported and exported, and their bearing upon the national finances and the stability of
trade
.,
...
95
Great Britain, the warehouse system of—see Warehouse system.
H.
Harbors and rivers, the improvement of—
estimates for 1838
estimates for 1839.
estimates for 1840.




A

148
181,232, 371
235,, 298

INDEX.

695

Harbors and rivers, the improvement of—Continued:
appropriations for 1837
..
.—
.148, 164
appropriations for 1839
..
..
..
..
339
appropriations for 1840
..
,..
. . .. 432
appropriations for 1841. . , . „ „
.,
439
expenditures in 1837.. .. .,
.
175
•expenditures in 1838
.187, 202, 256
expenditures in 1839
232, 258
expenditures in 1840.
;
..
.352, 374
expenditures in 1842 . . .
..
621
expenditui-es in 1843-'4
, ..
.624, 679
Hemp, the value of, imported into the United States from 1790 to 1800, inclusive.
277
clean Russia, the price of, in 1842.,,
507
imported into the United States annually, from 1821 to 1842, the value of manufactures of
o.....'.
,
..
..
636
and cordage imported into the United' States annually from 1821 to 1842, statements
of the value of.
637,642
and flax, statement of the value of manufactures of, imported into the United States
annually from 1821 to 1842
640
Holland, remarks in 1837 in regard to the outstanding appropriation under the act of May
20, 1836, to pay the debt due by the District of Columbia.
91
the debt due—see District of Columbia.
Home market, the creation of a, recommended in 1841.
..
,. . . . . . .
468
Home valuation under the tariff of 1833
..
465
I.
Importations of foreign goods, the excessive, a cause of financial embarrassments in J 837.
29
how affected by the expansions and contractions of the currency
...
., . ..
236
Imports^ the value of, in 1837, and views in regard to the diminution of.
94
views, in 1837, in "regard to the fluctuations in, caused by restrictive legislation, &c. 100
statement of the value of, during the years ending 30th September, 1836 and
1837:
171
the value of, during the commercial year ending 30th September, 1838. . . . ..182, 214
the value of the, during the commercial year ending 30th September, 1839, and
views in relation to the amount, &c.,, of
— .......
, , .. „ „ . .
233
the effects of the excess of, over the exports, treated of.
.,
233
.statement exhibiting the value of, and exports during the years 1834, 1835, 1836,
1837, 1838, and 1839.
274
statement of the quantity-, kind, and value of imports into the United States, from
the 1st October, 1789., to the, 30th September, 1838, and the value of those
retained in the country.;.. ..«,
....
.
„275
•statement showing from what countries the imports into the United States, from
1790 to 1838, inclusive, were derived, and into what States they were entered,
and the value in each case.
..
. . . . <.
278, 281
views in 1839 in regard to the past, and exports.
........
..
.,
294
in 1840, the amount and peculiarities of, &c.,
...
.354, 367
statement of the annual value of, and exports, from 1791 to 1840, inclusive, and
the excess of imports and of exports annually, for the same period.
...
387
value of exports and, during each presidency, from Mr. Monroe's second term
to Mr. Van Buren's, inclusive.
..
..
..
..
..
..,;
..
388
average value of, for six years..
...
„
.,
, .. 456
from 1834 to 1840, and value thereof.
....
457
estimate of duties on the average value of, from 1834 to 1840, inclusive.
458
of bullion and specie from 182i to 1842
..
, .636, 645
•of bullion and specie during the year ending 30th September, 1838.
224
of bullion'and specie from 1790 to 1838. ..
277
of bullion and specie from 1834 to 1840
., 458
the decline in the, in 1842, not attributable to our system of duties
490
the value of, during the years ending 30th September, 1840, 1841, and 1842.
505
statements of the value of foreign merchandise imported , &c., annually, from 1821
to 1843, and the amount of duties accruing thereon
....
..
.631,633
statistical view of the commerce of the United States,- exhibiting the value of exports
and., annually, from 1821.to 1842. . . . ' . .
, ..
.,
......
634'
statements of the value of the principal articles of merchandise imported into the
United States annually, from 1821 to 1842.
636, 637
statements exhibiting the value of manufactures of cotton and wool, flax and
hemp, iron and steel, hemp and cordage^imported from 1821 to 1842, inclusive, 638,
639, 640, 641, 642
statement of the'value of articles imported into the United States, designating the
countries from which received, annually, from 1821 to 1842, inclusive
643, 644




696

njTDEX.

Imports, statement of articles imported during nine months ending June, 1843, the duty on
which exceeded thirty-fiye per cent, on the average wholesale market value of
such articles.
...
... . .
.,.
681
statement of the value of, and exports during the year ending 30th June, 1844... 683
Indemnities—see France—see Naples.
Independent Treasury, views in 1837 and 1838 in favor of an. , . . . .
10, 106, 198
views in 1838 in regard to the operations of the. .,
,-...
192
views in 1840 in regard to the operations of the
362
views in 1841 against the, and against individual custodians of the
public moneys, and in favor of the repeal of the
..
444
Indian affairs,, remarks in 1840 in regard to.
....
366
Inscriptions, Spanish, concerning the payment of. , . .
......
108
Insolvent banks, Government funds unavailable in the—see Banks.
Insolvent debtors, extension of the acts of Congress for the relief of, proposed
. . . 350
: Internal improvements by the Federal Government, reductions in appropriations for,
recommended
..
..
..
.......
187
Intercourse—see Foreign Intercourse.
Iron and steel, the value of, imported, into the United States from 1790 to 1838 inclusive... 276
imported into the United States annually from 1821 to 1842, the value of
manufactures of.
..
,
......
..
. . . . o 636
manufactured and unmanufactured, statement of the value of, imported into
the "United States annually from 1821 to 1842. „•„.,...;.,.•
641
Russia, bar, the price of, in 1842.
'
..,,....,.
507
Judicial condemnation of goods, the expanse of
..
..
... 607
L.
Land laws, as to any modification of the.
.. „
608"
Lands, public, receipts from the sale of, &c.—see Public Lands—-see General Land Office.
Lead,.imported into the United States annually from. 1821 to 1842, the value of
637
the value of, imported into the United States from 1790 to 1838 inclusive.
277
Linens, the value of, imported into the United States from 1790 to 1838 inclusive..
277
and the manufactures of flax, imported into the United States annually from 1821
to 1842, the'value of. . ...
636
Light money—see Tonnage and.
Light-house establishment, recommendation in 1838 of a reduction of appropriations for. ..186, 187
concerning the.
..
. .. •'.
...
253
Light-houses, on a part of the1 Atlantic coast, concerning proper sites for
......
108
concerning.
...
..•„„..
199
Loans, to supply the Treasury—see Treasury Notes.
per acts of 21st July, 1841," of 15th April, 1842, and of 3d of March, 1843, receipts
from, estimated and actual, in 1841. ..
461, 470
in 1842
.485, 486, 491, 599, 620
in 1843
. .487, 600, 623
in 1843-'4...
.... .
667, 678
statement of receipts from, from January 1, 1837, to September 30, 1843. .
626
expenditures on account of the, of 1841, 1842, and 1843—
in 1841
462, 482, 627
in 1842
. .486, 502, 599, 622, 627
in 1843...
487, 600, 625, 627
in 1843—'4
. . „ . . \ . .488, 602, 627, 680
in 1844-'5
.. .603, 627, 668, 680
in 1845-'6
..
670
statement in 1842 of the amo.unt due on the-, of 1841-'2, the, former redeemable 1st
January, 1844, and the latter the 1st of January, 1863. . . .
504
statement of the payments from January 3, 1837, to September 30-, 1843^ and of
interest on account of the. ,.
., — . . .626, 627
statement of persons, to whom was awarded the loan of 1843, the terms of acceptance, &c., and of the offers not.accepted, &c.
.. ..
629
statement, December 1, 1843, of amount of outstanding., ..
..
630
statements in 1844 of the indebtedness of the United States on account of. .652, 676, 677
recommended in 1841. . . . .
.....
,,
., . > ..•
*..
,. , .443, 444
views as to the anticipated receipts from, in- 1842'
463
to make the late loan available, an extension of time-recommended. . .-. . . .
464
concerning the.
..
,,..,.,
..
489
606
a new loan recommended in 1843 to meet a deficit. „ „
considerations in. 1843 in regard, to the loan authorized by the act of March, 1843.. 613
views in 1844.in regard to the interest on the-, and the payment of the.
.660, 661
Losses, of the public money, views in 1839 in regard'to.
. . . . . ...246, 247
Lumber^ exported annually from,the United States from 1790 to 1838 inclusive, the value
of286
exported annually, from the United States from 1821 to 1842 inclusive; the value of. 645




INDEX.

697

M.
Manufacture, domestic, statement of the value of the annual exports of, from 1821 to 18'42. 632
Manufactures, the value of certain, imported into the United States annually from 1821 to
1842. . . . . . . . .
..... . . , , . . . .
...
,, ,.
636
statements exhibiting the value of, of cotton and wool, flax and hemp, iron
and steel, hemp and-cordage,^ imported from 1821 to 1842 inclusive....... 638,
239, 640, 641, 642
statement of the value of* imported into the United States as-above, annually,
from 1821 to 1842, and the countries fronrwhence received., . . .
.643, 644
statements exhibiting the value of certain articles of domestic produce and,
exported annually from the United States from 1821 to 1842, and the
countries to which exported.,..
o.-... ;o . . .
645, 646, 647
the value of, exported-annually from the United States from 1821 to 1842. 645
statement of the value ofj exported annually from the United States from
1789 to 1838 i n c l u s i v e , , , . - , . , . - . - . . •
285
Marine hospitals, concerning places most suitable for...- „ • . . . . . . . . .
. ,..
108
Marine Corps, appropriations and expenditures for the-^see Naval Service—see Estimates
—see Expenditures.
Merchandise, for the annual imports and exports of-^see Imports-^Exports.
statement of the kind and value of imports of, from'the 1st October, 1789, to
the 30th of September,- 1828, and the countries5 from whence derived., .275, 279
statement of the exports of, for the same period.
..-.-.-.„ ..- „ .. 287
foreign, the value-ofj exported annually from 1821 to 1841.
.,
* 506
a redundant supply of foreign, in the United State's before the enactment of
the tariff of'1842, and the prices of certain....
.•
......
507
foreign,-imported and reexported, the amountof duties on, from 1837 to 1843. 626
foreign, statements of the' value- of, imported, reexported, and consumed or
on hand, annually, from 1821 to 1842
631, 632
statement of the value of, imported from 1821 to 1842, and-the gross duties
1
from 1821'to 1842
633
foreign, statement of the value of the annual exports of, from 1821 to-1842. 634
foreign, drawbacks paid on, annually, from 1821 to 1842. ,. .,
...
. . . 635
statements exhibiting the value of the principal articles of, imported annually
into the United States from 1821 to 1842 inclusive, and showing the countries from whence received .
.636, 638, 639,^640, 641, 642, 643, 644
statements exhibiting the value of certain articles of domestic produce and
manufacture, and bullion and specie, exported annually from the United
States from. 1821 to 1842 inclusive, and the countries to which exported..*. 645,
646, 647
statement of articles imported in nine months of 1843, at a rate of duty averaging 35 per cent
,, .. .......
i.*.. I. ..
;
681
the value and kind of, imported and exported. . . .
........ *
Military service, including, fortifications, armories, arsenals,, ordnance, Indian affairs, revolutionary and military pensions, and internal improvements—
estimates for 1838
*.
.123, 146, 156, ,164 178
estimates for 1839
' ... ......
181,232
estimates for 1840.
,
.235,-298, 323, 333
estimates for. 1841.
358, 390, 397, 414, 423, 440, 462
estimates for 1842
•
486
estimates for 1843
=
.;
..
.487, 601
estimates for 1844-'5
.. ,
..
.488,603
estimates for 1845-'6
670
appropriations made in 1837. ..
^
146, 164
appropriations made in 1839
..
...
.323,339
appropriations made in 1840
........ .,
.. .414, 429
appropriations made in 1841. .
...
..
.438, 439
expenditures in 1837
.111,175
expenditures in 1838.
177, 178, 202'
expenditures in 1839
.!
..
..
.. . . . .232, 258, 371
expenditures in 1840.
.352,374,437
expenditures in 1841. .....
.-".4:39, 462, 472'
expenditures in 1842...
...
486, 493, 621
expenditures in 1843-'4. ,
„ .600, 601, 624, 679
expenditures in 1 8 4 4 - ' 5 . . . . . . . . . .
-...
....
.668, 680
Militia service, &c.—see Expenditures—see Estimates.
Mint, the amount of deposits in the, and considerations in regard to.
.-.
,
2, 177
concerning the. . . . . . . ..-.. . . .
.-.I.
199, 253
deposits in the. under the act of June 23', 1836, and January 18^, 1837 ..
.91, 451, 454
views' in 1837 on the--propriety of imposing the duty of a general depository on the., 107'
recommendation" of legal penalties' in case of embezzlement of any of the public
funds in the.
. . . . . . . 1 9 5 , 196




69S

INDEX.

Mint, amount of special deposits in the, and subject to draft 1st December, 1838....... • 228
Mint certificates, recommendation in 1837 that the, be receivable in payment of public dues.
26
Miscellaneous serviceestimates for 1838
123, 144, 156, 159, 178
estimates for 1839
181, 232
estimates for 1840.
•
•
235, 298, 318, 331
estimates for 1841. , .
.. ..
.358, 390, 410, 422, 440, 462
estimates for 1842
:
..
486
estimates for 1843-'4
487, 601
estimates for 1844-'5
.488, 602, 603
estimates for 1845-'6.
669
expenditures in 1837
109, 175
expenditures in 1838
, ,'
177, 178, 201, 256
expenditures in 1839.
232, 257, 371
expenditures in 1840.*.
352, 373, 437
expenditures in 1841
.438, 462, 471
expenditures in 1842
..
.486, 492, 620
expenditures in 1843-'4
.600, 624, 678
expenditures in 1844-'5
668, 680
appropriations made in 1837.
....
•
144,159
appropriations made in 1839. , ..
/.,„,,..
...
.299, 318, 335
appropriations made in 1840
..
..
. . . .410, 425
appropriations made in 1841.
. ..
.. . . . . .
438
Miscellaneous sources, receipts from—see Receipts.
Molasses, the value of, imported'into the United States annually from 1790 to 1838 inclusive. 276
the value of, imported into the United States annually from 1821 to 1842.. . . . . . 637
Moneys of the Government, the safe-keeping of—see Public Money.
N.
Naples, the fifth instalment of indemnity due by, paid.
the sixth instalment due by, paid. . .... . . . .
another indemnity paid.. ,
Naval service, including the Marine Corps—
estimates for 1838. \ .
estimates for 1839
.
estimates for 1840
estimates for 1841.
estimates for 1842. ... , , „ . .
,..
..
estimates for 1843
;
estimates for 1844-'5
estimates for 1845-'6
expenditures in 1837
expenditures in 1838

...........

..
•

123, 153, 157, 168, 178
181,232
235, 298, 329, 333
358, 390, 418, 423, 440, 462
..'.-.486
..
.487,602
488, 603
670
120, 176
.177, 178, 202, 256

V

expenditures in 1839
expenditures in 1840
expenditures in 1841. ..
'
expenditures in 1842.
expenditures in 1843-'4. ; , . . ,
expenditures in 1844-'5
appropriations for 1837. .
appropriations for 1839
appropriations for 1840
..
appropriations made in 1841.
Navigating interests in 1840 prosperous.

..

199
253
364

...

""
:
..,.,...,...
i
..
......

1...
..
...

...;..
„...,

..

..

.232, 270, 371
.352, 383, 437
438, 462, 480
486, 501, 621
600, 625, 680
668
152, 169
328, 344
..
.418,435
.
. ...438
. .355

P.
Passports, duties on, annually, from 1821 to 1842
, „...
.63^
Patent Office, concerning the money to the credit of.
..
....
3
Pension grants, the expense of, views in 1838 on the propriety of avoiding an increase of,
during the gradual reduction of the tariff
)
..
188
Pork, hogs, &6., exported annually from the United States from 1790 to 1838 inclusive,
the value of.
.. 286
statement of <the-value of, exported.annually from the United States from
1821 to 1842, and of the countries to which exported. ,. , .645, 646, 647
Port of entrv, at Independence, the establishment of a, recommended.
..
.617
Post-Office Department, concerning the money to the credit of
.. ..
....
3
Preemption and graduation laws, the passage of, recommended in 1839.
252
Premiums offered and accepted for the stock of the United States loan in 1843. ..
..
629
President of the United States, memorials in 1837 of merchants, Chamber of Commerce,&c.,
for a recision of the specie circular, and for a stay on the payment of duty bonds.. .38, 40, 41
Produce—see Domestic Produce.




INDEX.

699

Public debt of the United States, expenditures, estimated for and actual, for payments on
account of the funded and unfunded, in—
1837
.2, 90, 92, 111, 176, 178
1838.
...
.177,178,202,256,272
1839
..
,,
.
...181,232,272,371
1840/
352,384,385,437
1841.
357,358,438,441,462,482
1842.' ..
486, 502, 599, 622
1843...
..
'
487,625
1843-'4
/.
*
.488, 600, 602, 680
1844-' 5
603, 652, 668, 680
1845-1'6. '
670
Public debt, principal and interest on the old, undischarged—
in 1836
'
..
..
92
in 1837.
...
179
in 1238
272
in 1839,'
.385
in 1840
<
.
483
in 1842. .
..
..
504
in 1843. ...;
630
in 1844.,..
676, 677
concerning the extinguishment of the. .
187
views in 1837,in regard to the foreign, of the United States.
95
views in 1840 in regard to t h e . . . ,
..
..
353
on account of the cities of Washington, Alexandria, and Georgetown, and payments of interest thereon,., .179, 273, 352, 357, 358, 371, 385, 483, 504, 630, 651
statement of the old and new, December 1, 1843., . . .
630
statement, of the old>and new, July 1 and December 1, 1844
, ..651, 676, 677
expenditures for debt and.interest, exclusive of payments arising from loans and
Treasury notes, from 1st January, 1816, to 31st December, '1836
- .459, 460
views in 1841 on the means of providing for the, and in favor of funding the.. 440,
441,443
amount paid from 1816 to 1837
..
441
when paid, and how much paid.,
..
.. ..
'* 606
statement and views in 1844-'5 in regard to the
.652, 653
statements of payments on account of the old, funded and unfunded since—
1st December, 1836
92
1st December, 1837. ,
..
178
1st December, 1838. ,,
.. 272
1st December, 1839. . . .
385
1st December, 1840.
..483
payments of principal and interest of the old, between January 1, 1837, and
December 31, 1840, and between January 1, 184J, and September 30,
1843
'
...
.626,627
statement of payments on account of the old, Treasury notes and interest, from
January 1, 1837, to September 30, 1843.
627
in 1790, foreign and domestic.
.. . . ; .
654
on account of the Revolution. ,
654
in 1800
654
iri 1810
154
in 1816.
;.,.
. 654
in. 1820.
654
in 1830
654
in 1835.
..
655
interest paid on the, from 1789 to 1835
655
new, incurred in 1841-'2, and '3, and for payments of principal and interest
thereon—see^Loans—see Treasury Notes.
see Revolutionary Debt.
considerations in 1844 as to the existing .security for payment of interest and
ultimate redemption of the principal of the
.
.,
657
Public dues, views in 1837 on the kind of money receivable for, &c.
. ,
..
.21, 43, 47
bank notes made receivable in 1789, for.
...
....
53
Treasury circular in 1790, in regard to the bearing of the collection law on
the receivability of bank notes in payment of.
..
. .
54
Treasury drafts tp be received in payment o f . . . . „ . .
,.,',.
68
views in 1838 on the kind of currency received for the
...
188
Treasury circulars of June 1 and July 6, 183&, to the collectors and receivers in relation to the kind of currency to be received in payment of... .215, 217
views in 1839 on the condition of the banking institutions generally and.
the kind of money receivable for. ..
..
.. . 249
Public credit—see Credit.




700

njTDEX.

Public lands, receipts from the sales of, estimated for and ascertained—
in 1836.
"
89
in 1837 ,
2,90, 175
in 1838
..
..
92, 176, 178, 256
in 1839.
.180, 231, 371
in 1840.
234,351, 437
in 1841.
.. ..
..
357,438,439,440,461,462
in 1842.
485, 620
in 1843...
..
487, 488, 600, 623, 667, 678, 680
in 1844-'5
..
.602, 668, 678
in 1845-'6
.
669
receipts from the sales of, from 1st January, 1816, to 31st December, 1836. 459
:st December, 1840.
receipts from the sales of, from 1st January, 1837,- to 31
460'
receipts from the' sales of, from 1st January, 1837, to September 30, 1843. 627
views in' 1837 iir regard to the'fluctuations* in the receipts from, and on the
.„ .......
, 9 9
estimates for' the' future". ,,
recommendations to receive payments in' advance for.,..;
. . 107
views in 1839 in regard to the"fluctuation's"inthe sales of, &c., and how the
Government finances are affected thereby
. . . . 242
views in regard to the estimate of sales of, in 1839..
182, 183
views' as to the receipts from, in 1842
..
..
.. . 463
views in 1843, in regard to'the sales of the;
.
'
604
considerations in 1844 in regard to and the revenues to be derived from the, 656
concerning the
.
253
Public moneys, unavailable in 1837, 1838, 1839, 1840, 1841
.. .91, 177, 178, 357, 372, 627
views in 1837 on the safekeeping, of the...
„ . . . . . . .10, 102, 107
circular, May 12, 1837, directing the collectors of customs and receivers
of, to collect and safely keep the, in case of a suspension by the banks.
59
extract from the Treasury report in 1790 as to a new class of officers to
keep and transfer the.. . —
60
statements showing the condition of the, in the former and present banks
of deposit and Mint in August, 1837
....
.64, 65
under'the opinion of the Attorney General, and by order of the President,
the, to be deposited with specie-paying banks, and with other bainks, on
condition of approved security for a prompt return in kind, &c.
...,,
68
views in 1837 in regard to- the banks and safekeeping of t h e . . . . . . .
102
practicability of keeping the, independent of the bank's as fiscal agents..106,107
the use of the, for discounts' by the banks' unprofitable, & c —
,. 192
views in 1838 on the manner of keeping the, and changes proposed. . . . t 192
collateral security for the safekeeping of the, recommended. . . . . . ..194, 195
recommendation that the embezzlement of the, be made a penal offence.., 196
see Banks.
amount subject to draft in' certain general deposit banks the 1st December,
. 1838...
.. ..
....
224
list of •collectors of customs and receivers of, having moneys'in their hands
subject to draft, conformable to returns to December 3, 1838.
227
list of late deposit banks in which special deposits have been made, and
the amount of special deposits'subject to draft 1st December, 1838... . 228
statement of balances of, due th'e United- States on the 10th November,
1834, from banks formerly depositaries of the "public money, with the
credits to which they are entitled for payments since that date.
229
list of certain banks which suspended specie payments, and balances due
by them on* 3d December, 1838, on bonds given under the act of 16th
October,-18-37
....
230
Treasury circular of July 14', 1838, in regard to the'safekeeping of the, and
exhorting the depositaries not to- employ it for private advantage, &c
230
views in 1839 on the manner of keeping, the, and the proper guards
1
against losses.
....
.,
.. . . . . . . . .
.,.,
..
244
statement of the, available for general purposes 1st"January, 1839..,
255
statement in 1839 of, in the two general deposit banks.. ..
.. .. .. 346
available in 1841 in the deposit banks. .
,.....357
opinions in 1840 that the mode established by Congress for the*safekeeping
of the, has answered' well, &c.
..
'. . . . I . . . . 362
views in 1841 in regard to keeping and disbursing the, adverse to the independent Treasury
. . . ... . .
444
subject to draft;,, in 184T, in the hands of the Treasury agents, enumerated.
., . .,
..
..,, , . . . ,,. . . . . . . . . ..
.449,452
R.
Receipts into the.Treasury, from all sources-, as estimated for, and ascertained—
in 1836.
-




89

INDEX.

701

Receipts into the Treasury, from all sources, as estimated for, and ascertainedr--Co?i*wi'wed.
in 1837.
2,90,175
in 1838
92, 176, 178, 256
in 1839
.180,231,371
in 1840.
.. ...
.234, 351,.437
in 1841.
.357, 438, 439, 440, 456, .461, 470, 599
in 1842.
..
.463, 485, 491, 5.99, 620, 603
in 1843.....
'..487, 599, 623
in 1843-'4.
.488, 600, 601, 667, 678
in 1844-'5.,
.602, 667, 680
in 1845-'6.
... v . . . . ,...,.
'
669
views in 1837 in regard to the estimated, for 1838
93, 99
-views in 183.9 in regard to the estimates of, for 1840, and on
some permanent safeguard under fluctuation in expenditure^
and
„ ...
.236,242
explanatory views in regard to the estimates of, for 1839. .182, 183
views on the necessity of guards to preserve.the public faith
against the fluctuations in the..
,
184, 185
explanatory views in regard to the estimates of, for 1840...
236
as to the probable deficit in the, for 1837..
...
5
as to the effect of legislation of the special session in 1837 upon
the, of the current y e a r . . . . . . . . . . . . . . .
96
the entries on the books of the Register do not always show
the true dates of the.
. . . .
.,. . ., 441
explanation of the, of 1842.. 1. ..
.......
..... . . . .
• •.. 603
the average rate of, for several years, deficiency in, &c... - .
605
exclusive'of the trust funds, Treasury notes, and loans, from
1st January, 1816, to 31st December, 1836.
459
average annual receipts from 1816 to 1836, and from 1837 to
1840
.....
.459, 460
excess of average annual, over expenditures for current expenses from 1816 to 1836. . . . .
..
.,
459
exclusive of trust funds, loans, and Treasury notes, &c. from
1st January, 1837, to 31st December, 1840
..
460
statement of the, from customs,, lands, and miscellaneous sources,
from debts and other funds existing prior to 1837, and from
loans and Treasury nbtes annually, from January 1,1837, to
September 30, 1.843
626
from the bonds due by the United States Bank—see Bank of
the United States.
from public lands—see Public Lands.
from customs—see Customs.
from loans—see Treasury Notes—see Loans—'See Estimates.
Receivers of the Public Moneys, made depositaries of the public Moneys in case of a suspension of specie payments by the banks.
59
to receive Treasury drafts in payment for public lands. ... 68
views in 1837 on the propriety of .making, general depositaries .,
• . .
107
continue to make deposits of public moneys in certain banks 192
losses of public moneys by, concerning.
..
.,
. . 194
recommendation of collateral security from? as keepers of the
public moneys, and making any embezzlement by them a
penal offence
195, 196
Treasury circulars in 1838 to the, in relation to the kind of
currency receivable for lands, &c
.215, 217
list of, having public moneys in their hands, on whom drafts
have been placed, &c., and the balance in their hands subject to draft conformable to returns to Dec. 3,. 1838
227
Treasury circular of July 14, 1838, in regard to the safekeeping of the public money, and exhorting them, in the
absence of legislation, to vigilance, and against the use of
the public, moneys to private advantage, &c
230
Receivers General and Treasurers, view;? in. 1840 in regard to
362
ReeXportationis, value of foreign merchandise reexported annually from 1821 to 1842
631,
'
.
632, 635
Reserved funds in the Treasury in 1837.
—
.,
.
1
Retrenchment in the expenditures, views in 1838 on the necessity of, and the proper
objects of,,
•
186
Retrenchment recommended—see Expenses-^-see Expenditures.
Revenue, the Surplus—see Suiyl'us—see Deposits with the States.
considerations in 1837 in regard to the the causes of fluctuations in the.. •••«».• 0 95




702

njTDEX.

Revenue, and expenditures in 1837, further explanations as to the, and the effect upon them
by laws passed at the special session in 1837..
....
96
views in 1837 on the propriety of vesting-authority to issue Treasury notes to
supply any deficiency in the
...
107
views in 1838 on the fluctuations in the, and the reductions in the, under a reduced tariff.
.... ,
.. .183, 184, 185
causes which would operate to diminish the, in 1840, from customs
, . . , 236
fluctuations in commercial prosperity, the crops, the banking policy, and credit
systems of foreign nations, affect the . . . . . . . . . .
. . . . . . . . . 242
. . ....
• • 359
considerations in 1840 in regard to the, for 1841. ..
the best modeof avoiding inequality between the anticipated receipts and expenditures in 1841 and 1842.
.',360
general views in 1840 in regard to the, and the causes of fluctuation in the, &c.. 365
the amount which the, exceeded the expenditures from 1816 to 1837
441
estimate of the amount of, which will be received from customs in part of 1841,
1842, and 1843, under a modification of the revenue laws
—
. . . . 456
received from the 1st of January, .1816, to 31st December, 1836, inclusive, exclusive of loans, Treasury notes, and trust funds.
..
459
received from 1st of January, 1837, to 31st December, 1840, exclusive of trust
funds, loans, and Treasury notes, from other than ordinary sources of income.. 460
from customs and'other sources, from January 1, 1837, to September 30, 1843.. 626
gross and net, from imports of foreign merchandise, from tonnage and light
money, passports, and clearances, from 1821 to 1842 inclusive..
635
outstanding and falling due to the Treasury, arising from other sources than that
of the ordinary revenue, which were paid between the 1st January, 1837, and
4th March 1841
•..
.'..,.. 455
on the importance of adequate provisions of.
,
..
.. .. 490
considerations in 1844 in regard to the resources of the United States as to.
. 656
an augmentation of the, deemed in 1841 to be necessary...
..
469
the probable augmentation of the, in 1844 and 1845 under the tariff of 1842...
603
the average rate of revenue for certain years and the' actual, independent of extrinsic additions, and how the deficiencies have been supplied.. ... . . ..
.. 605
views in 1843 as to provisions to meet deficiencies in the, and the best means of
improving the, &c
...
, .608,610,616
concerning the svstem of collecting the..,
,.
..
618
the yield under the act of 1842.
.664, 671
Revenue laws—see Tariff.
Revenues, amount of, estimated and ascertained—
for 1836.
..
89
for 1837
:
2,90, 109, 175for 1838.
..
..
92,176,178,256
for 1839
180,231,255,371
• for 1840
'
234, 351, 352, 372, 437
for 1841
357, 438, 439, 456, 461, 462, 470
for 1842
440, 456, 463, 485, 491, 598, 599, 620
for 1843 and 1843-'4
487, 488, 599, 600, 601, 623, 678
for 1844-'5
'
.602, 667, 668, 678, 680
for 1845-'6
669
Revolutionary debt, the amount of the . . '
.....
. . . . . . . . . 654
Rice, exported annually from the United States from 1790 to 1838 inclusive, the value of. 286
statement of the value of, exported annually from the United States from 1821 to
1842, inclusive, and of the countries to which exported
.. „
.. 645
S.
Salt, the value of, imported into the United States annually from 1790 to 1835 inclusive.. 276
the value of, imported into the United States annually from 1821 to 1842
637
Saltpetre, refined, the price of, in 1 8 4 2 . . . . .
,.
„
.. . 507
.. ..
508
•Satinets-, American, the prices of, in 1842. ,
...
........
..
Seamen, sick and disabled, considerations in 1843 in regard to relief t o . . . .
617
Security, collateral, for the safekeeping of the public funds recommended in 1838. . .194, 195
Sheetings, Russia, the price of, in 1842.
—
. . ..
507
Silks, the value of, imported into the United States from 1790 to 1838, inclusive. .. ., . . . 276
imported into the United States annually from 1821 to 1842, the value of. . . , , . .
636
Sinking fund, the excess of revenue above expenditures is the only real,
. 653
the, by which the revolutionary and other public debts were paid, the operations o f —
....
. . . . ,,
...
656
recommended in 1844 to anticipate the payments of the stock under the acts
of 1842 and 1843, the mode of providing,. &c
. . . . .659, 664
Skins and furs, exported annually from the United States from 1790 to 1838 inclusive, the
value of
287
the value of, exported annually from 1821 to 1842. .. . . . ..
.
645




INDEX.

703

Smithsonian legacy, invested, &c.
199
Smuggling, marine preventive service a g a i n s t . . . . . . . . . . . . .
618
Solicitor of the Treasury, circular of the, in M a y , 1837, to the United States attorneys in
regard to the collection of duty bonds."
. . . . ... - . . . . . X ... ,
36
Special deposits of public moneys have been made, list of the late deposit banks in which. 222
list of banks in which are made.
.. ., ..
628
Specie and bullion, imported and exported in 1837 and 1838.
..
224
value of, imported into the United States from 1790 to 1838 inclusive.
277
value of, imported from 1834 to 1840.
458
imported into the United States, annually, from 1821 to 1842, value of. 636,
exported annually from 1821 to 1842, and the countries to which exported, value of.
...,.„
.645, 646, 647
"exported annually from 1790 to 1838.
.280, 287
Specie basis for circulation, an enlargement of the, recommended in 1839..
253
Specie in the United States in 1814 and 1837, the periods of suspension by the banks, the
amount of.
...
,..
... ....
,... ..
188
Specie, views in 1837 in regard to imports and exports of,..the bearing upon trade, &C.20,104,105
statement exhibiting the value of bullion and, imported and exported during the
year ending 30th September, 1838.
224
statement of the, and bullion exported annually from the United States from 1790 to
1838 inclusive.
.'
286
annual imports and exports of—see Imports—see Exports.
Specie circulation, the advantages o f . . .
. . . . . . . . . 363
Specie payments by the former deposit banks, views in 1837 in regard to the resumption of. .18,20
banks which had suspended, discontinued as depositories.. .. .
55
Treasury circular of July 3, 1837, to the banks in regard to, and urging
the resumption of
86
views in 1837 on the ability, &c., of the deposit banks at different points
to sustain
...
.'. . . .
103,105
views in 1838 in relation to the resumption of, by the banks. . .. . .188, 191
see Banks for further views in regard to.
Specie circular, memorials of the New York and other merchants in 1837, and the Chambers of Commerce for the recision of the. . . . . . . . . . .
38, 40, 41
from the Secretary of the Treasury, asserting the constitutional duties of that
department in regard to the collection of duties in specie, and against the
recision of t h e . . .
,
43
Spices, imported into the United States annually from 1821 to 1842, the value of
637
the value of, imported into the United States from 1790 to 1838 inclusive
277
Spirits, the value of,.imported into the United Stktes from 1790 to 1838 inclusive.
. . . . . 275
domestic distilled, drawback paid on, annually, from 1821 to 1842.
..
.. " 635
allowance for natural waste, under the British warehouse system
,,..
521
imported into the United States annually from 1821 to 1842, the value of.
..,. ,
637
Spencer, John C., Secretary of the Treasury—see Finances.
Steamboilers, and the best methods of preventing explosions, concerning experiments to
test the strength of.
....
..
,,
108
a promised collection of facts in regard to explosions of
..
199
Steamboats, promised statistics, &c., o f . .
,1
..
, 199
States, the deposits with the—see Deposits.
Stocks, lists of persons to whom the loan of the United States was awarded in 1843, and
the amounts awarded.
.;
. ..
..
629
the marketable value of
.
, . 653
sinking fund recommended to anticipate the payments of the, under the acts of
1843 and 1844.
....
659
statement of the gain on the purchase o f the stock of 1841, in anticipation of its
redemption on the 1st of January, 1845
633
Steel—see Iron.
Submissions, recapitulation of, for 1838.. u
.....
157
Sugar, the value of, imported into the United States from 1790 to 1838 inclusive.
,.
277
domestic refined, drawback paid annually, from 1821 to 1842, o n . . .
...
,..
635
imported into the United States ^annually from 1821 to 1842, the value of. . . .
637
Surplus in the Treasury, not anticipated during the year 1839, for deposit with the States. 181
the existing, temporary and fallacious in its character, &c...
184
views in 1838 on the good policy of avoiding large. . . . . . .
1851
Surplus fund, amounts of appropriations which maybe carried to the, at the end of—
183 7
..
..
•
91, 123, 159, 170
183 8
„-..
180
183 9
..
.235, 298, 335
1840.
..."
.,
.,
358,390, 425
Surveying districts, concerning a consolidation of
607
Survey—see Coast Survey.
Swartwout, Samuel, collector at New York, Treasury circulars to, in 1837
33, 49




704

njTDEX.

T,
Tariff, prediction in 1838 of a diminished revenue consequent upon a reduced, & c . . . . « . « 186
a reduction of the, recommended in 1839.
.
. >.
••<
252
a modification of the act of 1833 recommended in 1840, to prevent or supply any .
deficit, instead of a resort to loans or issue of Treasury notes
.361, 362
the high, of 1824 did not prevent low prices and bankruptcies
368
a modification to .20 per cent, ad valorem recommended in 1841...
442
estimate of the amount which will be received from customs for certain periods,
under a modification of the.
.. . . . . . . .
456
views in 1841 on a readjustment of the, and an increase of the, recommended. .464, 469
views in 1842 in regard to the operations of t h e . . . . ,
. . . . 489
views of the collector of the customs at New York on the
.•« . . .
. . . . . 507
views in 1843 in regard to the operations of the new.
608
a review and reformation of the act of 1842 recommended in 1844
665
views in regard to the operations of the act of 1842. , i.
. .. .. .. . .671, 672, 673
Taxes, the value of, &c.
„„...,
,.
..
..
661
Tea and coffee, duty on, recommended in 1843. . . . .
..«,...
..609, 616
Teas, the value of, imported into the United States from 1790 to 1838 inclusive.,.... . . . . 275
imported into the United States annually from 1821 to 1842, the value of.
...
637
...........................
108
Telegraphs, concerning a system of.
Tobacco, statement of the value of, exported annually from the United States from 1790 to
1838 inclusive.
.. '
...
285
statements of the .value of, exported annually from the United States from 1821
to 1842 inclusive, and the countries to which'exported.,
.645, 646, 647
Tonnage, and light moneys, concerning the duties on....
,...
.....
610
statement of the amount of the, employed in the foreign trade annually from
'1821 to 1842
634
recommendation in 1844 of a change in the mode of ascertaining.
. 672
Trade, -views in 1837 in regard to the fluctuation and revulsions in
95
Treasurer's statement in regard to the condition of the public moneys on deposit with the
banks and Mint, in August, 1837...
.....
64, 65
Treasurers—see Receivers General.
Treasury, the condition of the—see Finances^see Deficiency—see Balances.
in regard to the mode of exhibiting the state of the.
598
Treasury circulars, in 1837
.33, 36, 43, 47, 51, 55, 59, 68, 86
in 1789 and 1790
53, 54
in 1838...
215,217, 230
in 1842
.....
530
Treasury Department, concerning the laws relating to the....
674
proposition for a reorganization of t h e . . . . . . . . . ..,, .108, 199, 252, 349
Treasury drafts, views of Hamilton in 1790 in regard to.
. 54
circular of the Secretary of the Treasury, May 17, 1837, to collectors of
customs and receivers of public money-to receive, in payment of public
dues..
. ..
68
Treasury notes, the issue and receipts into the Treasury, estimated and ascertained, of—
in 1837.
90,17.5,179
in 1838
..,
.92, 176, 178, 179, 256
in 1839
273,371
in 1840
351, 386, 437
in 1841.
357, 438, 439, 440, 461, 470
in 1842...
439,463,485,491,599, 620
in 1843-'4.
..
.
487, 600, 623, 678
in 1844-'5.
...
,..
....
667
the reimbursement and redemption of, estimated and actual—
in 1837
I l l , 179
in 1838
93, 177, 178, 179., 202, 232, 256
in 1839
180, 181, 231, 232, 272, 273, 371
in 1840
234, 352, 384, 386, 437
in 1841
„
35.7, 358, 438, 462, 482
in 1842
:.
.439, 463, 486, 487, 502, 599, 622
in 1843-'4
487, 488, 600, 601, 625, 668, 680
in 1844-'5. ..
680
payments on account of, issued during the late war, amounts payable, &c. 92,
179, 272, 273, 385, 483, 630, 651
outstanding in 1841 ..
. •..... •
484
outstanding in 1842
.... • 504
outstanding in 1843
630
outstanding in 1844.
.652, 676, 677
amount paid' for interest on, from 1837 to 1843
. . . • .626, 627
statement in relation to the issue and redemption of, in 1837 and 1838..,« 179




INDEX.

705

Treasury notes, statement of the issue and redemption of, from the 1st of January to the
20th of November, 1839..
.
273
statement in relation to the issue and redemption of, from 1st of January
to the 30th November, 1840..
386
statement in 1841 of the, issued and redeemable, and balances of outstanding
. .. \
,,.. .. . .. . ,
484
views in 1837 on the issue of, to meet the wants of Government.. . . 7, 9
views in 1837 on the necessity of the further issue of, and on the means
to redeem those payable, & c . . ..
—
97, 98, 101
views in 1838 on the outstanding, and the advantages in the power to
issue, to preserve the public faith, & c . , . . . . .
182, 185
views in 1839 concerning the emission and redemption of.
232.
views in 1840 in regard to the outstanding..
353
views in 1841 against the issue of, to supply the Treasury
. ' . . . . . , 443
views on the propriety of vesting the power to issue, in case of deficits in
the receipts. .. . . . .
.107
an issue of, recommended in 1841, to supply the Treasury
. . . 462
a reissue of, recommended. . ......
. .
.464, 489
the payment of interest on, proposed in 1842, to keep them out
489
considerations in 1843 in regard to the unredeemed, and reissue of .. .606, 613
Trade, recommendations in 1838 of permanent legislation to preserve the finances of Government against the fluctuations in
184
freedom of, recommended in 1839.
........
252
with the British Provinces and West Indies, concerning.
..
253
the natural laws of, cannot be violated without financial evils
367
Trust funds, included in the balances in the Treasury in 1836 and 1837
,.
91
1838
256
expenditures on account of, in 1838.
256
receipts and expenditures on account of, in 1839.
.. 371
receipts and expenditures in 1840
372
balance of, in 1842
599
U.
Unavailable funds—see Balances in the Treasury.
V,
Value of imports and exports—see Imports—see Exports—see Merchandise.
Vessels engaged in the whale fisheries, &c., concerning the papers and registry of

350

W
Warehousing ports in Great Britain, list of, and of goods that may be warehoused in each..524,527
Warehouse system, extension of the, recommended in 1837.
..
.. ..
.. .5, 107
views in 1841 concerning a
490
act 3 and 4 William IV, of 28th August, 1233, regulating the, of Great
Britain. . .
508*
list of the principal articles of foreign merchandise remaining in warehouse, under the locks of the Crown, in the London, Liverpool,
Bristol, and Hull, in January, 1832 and 1833.
,.
524
circular from the Treasury Department, and responses thereto by the
custom-house officers and Chambers of Commerce, in regard to the... 530,
531 to 595
considerations in 1843 in regard to the.,,
. . 613
Warrants, statement of the number and amount of, drawn on the United States Bank and
branches, and the other banks which were depositories of the public money
in the year 1834.
...
. 61
drawn on the banks and Mint in August, 1837, and not paid
"
65
Wares, earthen, stone, and China, imported into the United States annually from 1821 to
1842, the value of.
..
..
636
Washington city, the debt of, assumed by the Government
179,
273, 352, 357, 358, 371, 385, 483, 504, 630, 651
Weights and measures, concerning the standard of..
.. .108, 253
concerning the progress in the manufacture of...
.. .. 199^
Wine, loss for natural waste under the British warehouse system
.,
521
Wines, the value of, imported into the United States from 1790 to 1838 inclusive. . .
275
imported into the United States annually from 1821 to 1842, the value of.
. . . . 636
recommendation in 1844 that the duty on, be changed to an ad valorem. „.......
66
VOL. I Y . — 4 5 .




706

njTDEX.

Woodbury, Secretary—slee'Fmarichs;
'Woolens-, the" value of ? imported into the United1 Staifes'from; 1790 to 1838 inclusive
imported'into:" the United States annually frbm: l$21 : to 1842, the value of.
"Worsted linings,' the prices'of; in 1 8 4 2 ; . . . . . ... . V . . . .
. ..;
i.




275
636
508