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k
k
TABLE
*
^Report
J ^ Report
J. Report
^^Report
^wieport
^Report
'J IT7Report
Report
Mr.
by
Mr.
by
Mr.
by
Mr.
by
by M r .
by M r .
by M r .
OF
CONTENTS
H a m i l t o n on Public Credit
-
H a m i l t o n on a National Bank -
-
H a m i l t o n on Manufactures
-
H a m i l t o n on Establishing a M i n tt
H a m i l t o n on Public Credit
January,
17.90
Fag<?.
3
54
December,
1790
December,
May,
1791
78
1791
133
Gallatin on the Finances
-
January,
1795
157
Gallatin on the Finances
-
December,
1801
216
by M r . Gallatin on the Finances
-
December,
1802
-}• Report by M r . Gallatin on the Finances
-
October,
1303
252
262
^ R e p o r t by M r . Gallatin on the Finance*
-
November,
V, Report by M r . Gallatin on the Finances
-
December,
1894
1305
297
Report by M r . Gallatin on the Finances
* ^ R e p o r t by M r . Gallatin on the Finances
-
Report by M r . Gallatin on the Finances
-
Report by M r . Gallatin on the Finances
-
" ^ R e p o r t by M r . G a l l a t i n on the Finances
-
^ R e p o r t by M r . Gallatin on the Finance?
-
Report by M r . Gallatin on the Finances
-
-
. . R e p o r t by W i l l i a m Jones, ( A c t i n g Secretary
the Fiuances
P^ Report by W i l l i a m Jones, ( A c t i n g Secretary
the Finances
° R e p o r t by G. W . Campbell on the Finances
<0
VOL. I . — 1
CM
-
285
December,
November,
1806
331
1807
35G
December,
June,
1808
373
1809
391
December,
1809
1810
1811
398
December,
November,
December,
June,
1812
1813
421
443
468
488
December,
1813
499
December,
1811
523
1S11.]
. 443
S E C R E T A R Y OF T H E TREASURY.
REPORT
ON T H E
FINANCES.
NOVEMBER, 1811.
In obedience to the directions of the act supplementary to the act entitled
"An act to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report and estimates:
RECEIPTS
AND
EXPENDITURES.
I. To the end of the year 1811.—The actual receipts into the Treasury,
during the year endingon the 30th of September, 1811, have consisted of the
following sums, viz:
'
Customs, sales of lands, arrears, repayments, and all other branches ot revenue, amounting together, as appears by the statement (E,)
{O
_
.
.
.
.
- gliJ)O4l)440 Ol
Temporary loan of 31st December, 1810 2,750,000 00
Total amount of receipts - $16,291,440 37
Making, together with the balance in the Treasury on the
1st of October, 1810, and amounting to 3,45J,0~9
An aggregate o f -
-
-$19,750,476^9
T h e disbursements during the same year have been as follows, viz :
Civil department, including miscellaneous expenses, and those incident to
the intercourse with foreign nations
- $l,360,8o8 98
Army, fortifications, arms, and arsenals
$2,129,000
Navy department
2,136,000
Indian department
-
-
Payments for interest on the public debt
-
4,407,725 00
-
-
2,225,800 93
Total current expenses
- e
-$7,994,584 91
Reimbursement of the temporary loan (in March and Sep- ^ ^ ^
^
Payments m/account of the principal of the public debt
-
5,058,272 S2
Amounting, together, as will appear more in detail by the
^
Andleaving f n the Treasury, on the 30th of September,
1811, a balance of
•
"
^
gig
73
^
$19,750,476 09
The actual receipts, arising from revenue alone, and exclus.vely of the
temporary loan since reimbursed, appear, from this statement, to haveexceed
444
REPORTS OF T H E
[1811. !
ed the current expenses, including therein the interest paid on the debt, by
a sum of more than five millions and a half of dollars. But the payments on
account of interest during the year ending on the 30th of September, 1811,
have, from an unavoidable delay in making the usual remittances to Holland,
fallen short o f t h e amount due during the same period; and the real excess of
receipts arising from revenue beyond the current expenses, including therein the interest accrued on the debt, amounts only to near 5,100,000 dollars.
T h e receipts for the last quarter of the year 1811 are estimated at
3,300,000 dollars; and the expenditures (including the payments of arrears
of interest and near 2,160,000 dollars on account of the principal of the
public debt) at 4,300,000 dollars, which will leave, at the end of the year,
a balance in the Treasury of near three millions of dollars. It will not,
therefore, be necessary to resort for the service of the present year to the
loan authorized by the act of the last session of Congress.
II. Year 1812.—It is ascertained that the nett revenue arising from duties on merchandise and tonnage, which has accrued during the first three
quarters of the year 1811, exceeds six millions of dollars; and it may, for
the whole year, be estimated at about 7,500,000 dollars.
T h e customhouse bonds outstanding on the 1st day of January,'1812,
and falling due in that year, are also estimated, after deducting bad debts,
at 7;500,0M ) dollars. This sura may therefore be assumed as the probaLle
amount of receipts into the Treasury during the year 1812, on account of
duties on merchandise and tonnage; the portion of the revenue arising
from importations subsequent to the present year, which will be received
in 1812, being considered sufficient to pay the debentures and expenses of
collection of that year.
The payments made by purchasers of public lands north of the river
Ohio having, during the last two years, after deducting the expenses and
charges on that fund, amounted to near 600,000 dollars a year, that branch
of revenue may, for the present, be estimated at that sum. Allowing on«
hundred thousand dollars for the other small items of revenue, which will
consist principally of arrears and repayments, the whole amount of actual
receipts into the Treasury during the year 1812 may therefore be estunat1
ed at 88,200,000.
T h e current expenses for the same year are estimated as followeth. viz:
1. Expenses of a civil nature, both domestic and foreign
- $1,260,000
2. Military and naval establishments, according to the estimates of those two departments, and including the additional
permanent appropriations for the purchase of arms and for
Indian annuities, viz:
Army (including 32,000 dollars for the militia) $2,581,000
Arsenals, arms, and ordnance 614 000
Naval department
.
.
.
.
2,500.000
Indian department
.
.
.
.
220,000
5,915,000
3. Interest on the public debt
.
.
.
.
2,225,000
Amounting, together, to -
$9,400,000
andexceedmg, by 1,200,000 dollars, the probable amount of receipts.
This deficit may be paid out of the sum of three millions of dollars in the
Treasury. But, under existing circumstances, it does not seem eligible to
that f u n d ; and the estimate of receipts being also liable to more than
Digitizedexhaust
for FRASER
,
1S11.]
SECRETARY OF T H E TREASURY.
.
445
usual uncertainty, the propriety of authorizing a loan sufficient to supply
that difference, and to defray such other extraordinary expenses as maybe
incurred during the year, is respectfully submitted.
It must at the same time be observed, that the sum of 9,400,000 dollars,
thus stated as the amount of current expenses for the year 1812 includes
in fart, a portion of extraordinary expends arising from thc Fesen statc
of affa rs. For if the military and naval expenditure had been estimated
at a sum not exceeding the amount actuallyexpended for- those object
durin" the year ending on the 30th September, 1811, (that is to say, at
4 mminstead
of 5.900,000 dollars,) the estimate of receipts would ex^ ^ ^ r a ^ u n t
of the n ^ a l
^ b l —
cd,in the year endingon the 30th September, 1810 to
- $^675,000
And in the year endingon the 30th September, 1811, to 2,13b,000
T h e y a r e e s t i m a t e d for t h e y e a r 1812, a t
-
-
-
j g ^ L
T h e disbursementsonaccountofthemilkary^tablishment 1 - v e — ^
cd, in the year ending on the 30th> September, 1810 to
- 6|309,00u
And in the year ending on the 30th September, 1811, to
2,129^00
T h e y are estimated, for the year 1812, at
But the detailed annual estimates of the year
are predicated on the ennjloymcnt of a ^ ^ v h o ^ n a v a l f o r c e d
&
- t h seventeen tholisand c f f e c t i ^
of the debtj
With respect ^ ^ ^ ^ T s n m
equal to that which will be
U 1
%CVld?r, r L thfyea
812 w.ll be necessary.
T h e payments
^ ^ r d i ^ t o t w f must be made during that year, on that account,
C
° l S i A n ^ a l reimbursement of six per cent, and d e f e r r e d ^ ^
St k
2 Reimbuiseme"nt of the residue of the converted stock Amounting, together, to
T h i s sum, and that payable for
dollars, leave, m order t
o
i
lions, a balance of 3,640^000 dollars, wn o i
amount S
U
'
^
*
DEBT.
^
565,318 41
- $2,135.31S 41
n
^
thus a p p a l s therefore uncertain.
PUBLIC
- W W
-
^
^
So other
T h e
446
. REPORTS OF THE
[1910.
dollars, and which will be paid in the year 1812. T h e r e being nothing
afterwards left on which the laws passed subsequent to the year 1801, for
the redemption of the debt, can operate, a general view of the result and
effect of those laws will now be presented.
Exclusively of near three millions of unfunded debt since reimbursed,
as detailed m the report of the 18th of April, 1808, the public debt of the
Inited States amounted, on the 1st of April, 1801, to $79,926.999, as will
appear by the statement (I) d.) T h e whole amount of principal extinguished during the period of ten years and nine months, commencing on
the 1st of April, 1S01, and ending ou the 31st of December, 1811, exceeds
forty-six millions of dollars, viz:
Foreign debt, paid in full
.
810,075,004
Eight percent., five and a half per cent., four
and a half per cent., and navy six per cent,
stocks; and temporary loans due on ilielst of
April, 1801, to the Bank of the United States all
paid in full
.
.
.
12,657,700
Six per cent, and deferred stocks, including the
exchanged stock reimbursed
20,820,744
Three per cent, stock, including converted
stock reimbursed
.
_
2,379,269
Registered debt, and debt due to foreign officere
90,093
$46,022,810
J a ^ i n f s i h - > a m ° U n t 0 f 0 , d d e b t " " d e e m e d on the 1st of
33,904,189
and consisting o f t h e following species, viz:
Six per cent, and deferred stocks, unredeemed
""ThTee per"cent, stock
Converted stock
-
1796 six per cent, stock .
"
Registered debt, and debt due to foreign offiCGrS
"
"
7,007,090
^ 16,157,890^
.
6 6 5 ^ 18
*
^ S n J S
'
33,885
And to which, adding the Louisiana six per c e n t . ^ f ^ m *
a new debt, contracted subsequent to the 1st of April,' 1801
M
f ® {he whole .mount of public debt, on the 1st of Janu-
^ T ^ u n S r
T h
t e
°n ^
0 n
t h
Pnbi>C
* *
"
*
April,
a
? ° " n l of
interest, on the old debt
unredeemed, on 1st January, 1812
The annual interest on the Louisiana stock is
i8ifiToUaI
JANUARY, 1 8 1 2
, n t e r e s t 011 l h e w h o I e d
-
45,154,189
$4,ISO,463
h C deb
^lTl^
l»n
?r\
*> extinguished between
the 1st ApnJ, 1801, and the 1st January, 1812,^mounted to
-
11,250,000
«bt duo on the 1st
2,632^
1.547,481
675,000
$2,222,481
1S11.]
SECRETARY OF T H E TREASURY.
. 447
Which subtracted from the annual interest on the debt due
on lst April, 1S01
.
.
.
.
.
$4,180,463
Leaves for thc difference between the amounts of interest respectively payable at those two dates
-
$1,967,942
The disposable national revenue, or that portion which alone is applicable to defray the annual national expenses, consists only of the surplus of the
gross amount of revenue collected, beyond the amount necessary for paying
the interest on the public debt. A diminution of that interest is, with respect to the ability of defraying the other annual expenses, a positive increase of revenue, to the same amount. With an equal amount of gross revenue, the revenue applicable to defray the national expenses is now, by the
effect of the reduction of the debt, two million six hundred thousand dollars
greater than on thc lst day of April, 1801. Or, if another view of the subject be thought more correct: the laws for the reduction of the debt have, in
ten years and nine months, enabled the United States to pay in full the
purchase money of Louisiana, and increased their revenue near two millions
of dollars.
If the amount of annual payments, on account of both the principal and
interest of the public debt, during the last eight years, be contrasted with
the payments hereafter necessary "for the same purpose, the difference will
be still more striking. Eight millions of dollars have been annually paid,
on that account, during those eight years. T h e whole amount payable after the year 1812, including the annual reimbursement on the six per cent,
and deferred stocks, is 3,792,382 dollars; making an annual difference of
more than four million two hundred thousand dollars, which will be liberated from that appropriation. And this annual payment of about three million
eight hundred thousand dollars would have been sufficient, with some
small variations, to discharge, in ten years, the whole of the residue of the
existing debt, with the exception of the three per cent, stock, the annual interest on which amounts only to four hundred and eighty-five thousand dollars. T h e aspect of the foreign relations of the United States forbids, however, the hope of seeing the work completed within that short period. The
redemption of principal has been effected without the aid of any internal
taxes, either direct or indirect, without any addition during the last seven
years to the rate of duties on importations, (which, on the contrary, have
been impaired by the repeal of that on salt.) and notwithstanding the great
diminution of commerce during the last four years. It therefore proves,
decisively, the ability of the United States, with their ordinary revenue, to
discharge, in ten years of peace, a debt of forty-two millions of dollars; a fact
which considerably lessens the weight of the most formidable objection to
which that revenue, depending almost solely on commerce, appears to be
liable. In time of peace, it is "almost sufficient to defray the expenses of a
War; in time of war. it is hardly competent to support the expenses of a peace
establishment. Sinking, at once, under adverse circumstances, from fifteen
to six or eight millions of dollars, it is only by a persevering application ot
the surplus, which it affords in years of prosperity to the discharge ot the
debt, that a total change in the system of taxation, or a perpetual accumulation of debt, can be avoided. But, if a similar application of such surplus
be hereafter strictly adhered to, forty millions of debt, contracted during live
or six years of war, may always, without any extraordinary exertions, be
reimbursed in ten years of peace.
448
REPORTS OF T H E
[1811. !
T h i s view of the subject has, at the present crisis, appeared necessary for
the purpose of distinctly pointing out one of the principal resources within
the reach of the United States. But, to be placed on a solid foundation, it
requires the aid of a revenue "sufficient, at least, to defray the ordinary expenses of Government, and to pay the interest on the public debt, iucluding
that on new loans which may be authorized."
PROVISION FOR T H E ENSUING YEAR*.
T h e revenue is derived from two sources—the duties on importations,
and the sales of public lands.
T h e nett revenue arising from duties on merchandise and tounage,
which accrued during the year 1809, amounted to $6,527,108. The nett
revenue, arising from the same sources, which accrued during the vear 1810,
amounted, as will appear by the statements A and B, to 812,513,490; the
same revenue, for the year 1811, is estimated, as has already been stated, at
£7,500,000. A portion of the revenue of this year having been collected on
British merchandise imported before the prohibition took effcct, the permanent revenue, arising from duties on tonnage and merchandise, will
not probably, at their present rate, and under existing circumstances, exceed $6,000,000 an estimate which is corroborated by the view of the subject exhibited in the statement (B 2.)
T h e sales of the public lands north of the river Ohio have, during the year
ending on the 30th of September, 1811, amounted, as appears by the statement (C,)to 207,000 acres; and the payments by p u r c h a ^ r s to 600.000dollars. It has already been stated that those payments, on the average of the
last two years, amount, after deducting the expenses and charges on that
fund, to the annual sum of 600,000 dollars.
T h e sales in the Mississippi Territory, being in the first instance appropriated to the payment of 1.250.000 dollars to the State of Georgia, are distinctly stated.
T h e permanent revenue or annual receipts, after the year 1S12, calculated
™ the existing ^ate of affairs, may therefore be estimated at
S6,600,000
\Y htch deducted from the annual expenditures calculated on
the same principle, and amounting, by the preceding estimates for the year 1812, to
.
.
9,200,000
Leaves a deficiency to be provided for of -
.
$2^000
An addition of fifty per cent, to the present amount of duties, (toirether
with a continuance of the temporary duties heretofore designated by the
name of"Mediterranean fund,57) will be sufficient to supply that deficiency,
and is respectfully submitted. T h i s mode appears preferable, for the present, to any internal tax. With respect to the sales of public lands, besides
affording a supplementary fund for the ultimate redemption of the public
debt, they may, without any diminution of revenue, be usefully applied as
a bounty to soldiers enlisting in the regular service, and in facilitating the
terms of Joans. But it does not appear that the actual receipts into the
J reasury, arising from the sales, can be materially increased without a reduction m the price, unless it be by an attempt tu offer certain portions for
sale in the large cities of the Union
1S11.]
SECRETARY OF THE TREASURY.
. 449
T h c same amount of revenue would be necessary, and, with tho aid of
loans, would, it is believed, be sufficient in case of war. The same increase
of duties would therefore be equally necessary in that event. Whether it
would be sufficient to produce the same amount of revenue as under existing circumstances, cannot at present be determined. Should any deficiency arise, it may be supplied without difficulty, by a further increase of
duties, by a restoration of that on salt, and a proper selection of moderate
internal taxes. T o raise a fixed revenue of only nine millions of dollars, is
so much within the compass of the national resources, so much less in proportion than is paid by any other nation, that, under any circumstances, it
will only require the will of the Legislature to effect the object.
T h e possibility of raising money by loans to the amount which may be
wanted, remains to be examined ; for the fact that the United States may
easily, in ten years of peace, extinguish a debt of forty-two millions of dollars, does not necessarily imply that they could borrow that sum during a
period of war.
In the present state of the world, foreign loans may be considered as nearly unattainable. In that respect, as in all others, the United States must
solely rely on their own resources. These have their natural bounds, but
are believed to be fully adequate to the support of all the national force that
can be usefully and efficiently employed.
T h e ability and will of the United States faithfully to perform their engagements are universally known; and the terms of loans will, in no shape
whatever, be affected by want of confidence in either. They must, however,
depend not only on the state of public credit, and on the ability to lend, but
also on the existing demand for capital required for other objects. Whatever this may be, the money wanted by the public must be purchased at its
market price Whenever the amount wanted for the service of the year, or
the whole amount of stock in the market shall exceed certain limits, it may
be expected that legal interest will not be sufficient to obtain the sums required In that case, the most simple and direct is also the cheapest and
safest mode. It appears much more eligible to pay at once the difference,
either by a premium in lands, or by allowing a higher rate of interest, than
to increase the amount of stock created, or to attempt any operation which
might injuriously affect the circulating medium of the country. I h i s diificulty (and it is the only serious one which has been anticipated) will not
indeed, if analyzed, appear very formidable; for to taKe an extreme case, and
supposing even forty millions of dollars to be borrowed at eight instead of
six per cent, a year, the only difference would consist in the additional payment of eight hundred thousand dollars a year until the pnnc.pa w ^ ^ bursed: a payment inconvenient, indeed, and to beavoided if piracticable
but inconsiderable if compared either with t h e e f f e c ^ o f o U i e r m c a n s of
raising money, or with some other branches of the public expcndimre
It anocars from the preceding estimates, that nothing more may be strictly
w a n t ^ e ° S t e f £ g , d u r & the year 1812, the expenses „ j * amhor
ized by law, than an authority to borrow a sum equal to that which may be
reimbursed on account of the principal of the public debt.,
With a view to the ensuing years, a n d c o n s i d e n n g the^aspect of p u b h c
affairs presented by the Executive, and the measures of expense which he
has recommended, it has been attempted to s h o w d
1. T h a t a fixed revenue of about nine millions of dollars is necessary ana
VOL. i.—29
- •
. REPORTS OF T H E
450
[1910.
sufficient, both under the existing simation of the United States, and in the
event of their assuming a different attitude.
2. That an addition to the rate of duties on importations is at present efficient for that purpose, although, in the course of events, it may require some
aid from other sources of revenue.
3. That a just reliance may be placed on obtaining loans to a considerable
amount, for defraying the extraordinary expenses which may be incurred beyond the amount of revenue above stated.
4. That the peace revenue of the United States will be sufficient, without
any extraordinary exertions, to discharge, in a few years, the debt which may
be thus necessarily incurred.
All which is respectfully submitted.
ALBERT GALLATIN.
TREASURY
DEPARTMENT,
November 22, 1811.
A.
oo
A STA TEMENT
exhibiting the amount of duties which accrued on merchandise, tonnage, passports, and clearances;
of debentures issued on the exportation of foreign merchandise ; of payments for bounties and allowances, and for
expenses of collection, during the years 1809 and 1810.
to
Duties on
Years.
Merchandise.
1809
1810
$11,603,071 27
16,601,711 71
Tonnage.
£151,983 13
160,161 24
Passports and
clcarances.
§ 2 2 , 6 6 0 00
2 3 , 4 2 8 00
Debentures issued.
Bounties and
allowances.
#4,706,808 00
3,839,160 00
Gross revenue.
87,022,166 22
848,940 18
2,268 05 a 12,952,873 90
Expenses of
collection.
Nett revenue.
8194,998 02
439,382 87
£6,527,168 20
12,513,490 03
pi
o
90
n
-3
po
O
A STATEMENT
ross revenue for the year 1810
Deduct interest and storage
812,952,872 90
30,701 9&
Gross revenue, per statement B
12,922,170 96
£
of the amount of American and foreign tonnage employed in the foreign trade, for the year 1810,
as taken from the records of the Treasury.
American tonnage i n foreign trade
''"•eign tonnag«
-
Tons
-
T o t a l amount of tonnage employed in the foreign trade of the United States
.
.
.
Register's Office, November
a
3
986,750
Proportion of foreign tonnage to the whole amount of tonnage employed in the foreign trade of the United State*
TREASURY DEPARTMENT,
906,434
80,316
W
&
8.1 to 100
9, 1 8 1 1 .
JOSEPH
NOURSE,
Register.
CI
452
REPORTS OF T H E
[1911.
B.
A STATEMENT
exhibiting the value and quantities, resjtectizcly, of
merchandise, on which duties actually accrued, during the year 1810,
(consisting of the difference between articles paying duty, imported,
and those entitled to drawback, re-exported;) and, also, the nett revenue which accrued\ during that year, from duties on merchandise,
tonnage, passports, and clearances.
1
GOODS FATING DUTIES AD TLLORJJT
39,714,120dollars,at 12* percent.
.
.
.
.
7,703,290 do.
15
do.
562,151 do.
20
do.
° Additional duty on 47,806,962 dollars, a t 9 } percent.
47,969,561 dollars
Spirits,
Sugar,
Wines,
Teas,
Coffee,
.
Molars,
A l l other
Jt'tS'22
29,312,307
1,164,592
r S Z V ^
5,852,082
7,651,682
articles
S4,961,2<o
1,155,493
110,430
1,195,174
00
50
20
05
7,425,362 75
gallons,
pounds,
gallons,
PWmfc.
pounds,
gallon,
.
1,272,863
743, 056
405.024
I,3I4,W1
292,604
382.584
660,276
at 8R3 cts. arerage
at 2 5 cts. average
at 34.8 cts. average
19& cts. average
at 5 cts.
at 5 cu.
.
.
.
F r o m which deduct bounties and allowances paid in 1810 $2 26b 05
D u l . e s refunded after deducting therefrom cW.es collected on
merchandise, the particularsof which could not be ascertained
and difference in calculation
.
31 082 20
44
OK
41
I
10
0
10
89
'f
1
12,495,663 94
33,350 25
3 | per cent, retained on drawback
Extra duty of 10 per cent, on merchandise imported in" foreign vessels
12,462.312 69
139,489 33
87,779 69
Nett amount of duties on
Duties on tonnage
L i g h t money .
12,689,581 71
Duties on passports and clearances
erefcandisc
-
8127,697 40
41,463 84
-
12,882.170 95
40,000 00
Sundry accounts not yet received, estimated at
k
Gross revenue, per statement A
Deduct expenses of collection Nett revenue
TREASURY
.
.
169,161 24
23,42S 00
12.922,170 95
439,382 87
.
1 ^ 4 8 2 , 7 8 8 08
DEPARTMENT,
Register s Office, November 9, 1811.
JOSEPH
NOURSE,
Register.
1
1911]
S E C R E T A R Y OF THE TREASURY.
Explanatory
Statements
453
and Notes.
4 Additional doty of 8) per cent
.
.
.
.
.
3l per rent. rrtaioed on drawbacks
.
.
.
.
.
Extra duty of l o per c e n t on merchandise imported in foreign vessels
$1,195,174 05
3,832 51
2,427 86
1,201,434 42
19,298 gallons, at 28 cents
1st proof
991
da
"
2d
do.
29
85,954
do.
31
3d
do.
31,064
do.
34
4th do.
40
1,756
do.
5th do.
969,569
da
25
Oilier material*, fct dt'Jd
do.
28
3d
do.
2,389,9*0
do.
32
4th do.
982.362
do.
38
5th d a
6,690
do.
* Spirits—from grain
4,487,588
Sagar—brown
White
Wines—Madeira, !*t quality
Madeira, 2d d a
Sherry a*d St. Luear
Lisbon and Oporto
Rurjrundy and Champajjne
Teneriff<\ Faval, and Malaga
Other, in W i e «
Other, in casks
-
•
1,372,063 44
678,565 65
65,090 43
29,312,307
743,656 08
238.354 gallons, at 58 cents
50I ^ H
31,222 d a
10
da
54.318
30
da
121,644
45
d
a
932
28
da
531,475
35
da
6,554
23
da
180,093
-
1,349,520 pounds, at 12 cents 18
do.
2.248,102
32
do.
972.099
Hyjwn
20
do.
fXher green •
' 2,178,005
Extra doty on tea* imported from
cither places than ladia
-
76
09
74
76
40
25
40
84
20
27,142.636 pounds, at 21 cents
2,169,681
do.
3
1,164,592
T e a v - Bofaea
Souchong
5,401
267
26,645
10,561
702
242,392
669,194
314,355
2,542
6,747,726
138,245 32
15,611 00
21,727 2©
36,493 20
419 40
148,813 00
2,293 90
41,421 39
405,024 41
161,942
404,658
311,071
435,601
40
36
68
00
817 73
1,314,091 17
454
REPORTS
Explanatory
OF
THE
Statements and
[1811
Notes—Continued.
Quantities.
J Ail other articles, viz:
Excess of
Excess of
importations
exportaover expor- tions over
tation.*.
importations.
Domestic spirits, lut proof
gallons
do.
Beer
do.
Cocoa
pounds
Chocolate dr.
Sugar, candy
do.
loafdo.
other, refined £ lump do.
Almonds do.
f^s
Raisins, jar
:
other
Candles, tallow
.
-
wax or spermac
Cheese
-
H B
Tallow
Mace
Nutmegs *
Cinnamon Cloves
Pepper
Pimento
Chinese cassia
Tobacco
Snaff
Indigo
Cotton
Powder, hair
gun
Starch
Glue
Pewter plates and dishes
Iron, anchors and sheet
slit and hoop
Nails
Spikes
Quicksilver
Ochre, in oil
drySpanish brown
White and red Iea<
Lead
Seines
Cordage, tarred
on tarred
Cables
Steel
Hemp
Twine
Glauber sails
Coal
do.
do.
do.
do.
da
do.
do.
da
do.
da
do.
do.
do.
do.
da
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
do.
da
do.
do.
do.
do.
7
8
8
3
3
cwt.
do.
do.
do.
bushels
155,21*
1,1543,716
2,633
2,379
271
32
61,783
28,«29
17,274
in
9
Si
2
336,2s*
412,317
37,072
1,223
36,277
94,117
153,255
13,993
14,990 ,
96,715
90
21,76*
8,407
81,127
7,862
853,949
730,337
3,112,223
980,315
1,966
10,808
66,300
913,909
2,525,273
1,535,599
2,4*2
677,405
90,188
1(4,213
11,043
178,473
2,925
_ 133
992,867
2
2
2
2
U
2
6
7
2
U
125
50
MO
21,247
9H6.H.V,
512,739
190,699
1,521
1,633
Excess of Excess of
duties over dimwtaek
drawback. orer duties.
a*.
144
2d proof
Currants Prunes and plums •
Rate
of
doty.
20
20
6
4
4
6
33 018
468, 933
10
25
3
4
4
3
4
4
It
810 06
12,417 44
36,874 32
78 99
273 5fl
31 39
2 06
1,235 66
676 58
345 48
6,725 16
8,244 34
81,450 72
741
73
2,539
1,882
2,29*
17,491
7,495
44
3d
39
34
82
95
00
4,249
59,337
20,509
7,623
91
163
40
36
56
96
26
30
108 oo
I 99
870 72
253 21
3,245 08
314 48
12,794 23
7,593 37
1
42,244 46
2
2,N02 15
1
117 96
6
163 12
II
663 00
1
9,139 09
1
50,505 4«
2
15,255 99
1
99 28
4
13,548
10
2
2,254 70
21
2,084 26
2
11,043 00
180
178,473 00
100
11,700 00 j
400
966 00 I
900
19,642 85 I
5
8,262 00
14,067 96
1811.]
SECRETARY OF THE TREASURY.
Explanatory
Statements and Notes—Continued.
Quantities.
/ All other articles—continued.
Malt
bushels
Fish, dried • quintals
pickled salmon
- barrels
mackerel
•
da
other
do.
Glass bottles, black quart • gross
window, not above 8
by 10 inches
- lOOsq.ft
window, not above 10 by 12 do.
all above 10 by 12 do.
I M
Segars
casks
Lime
pairs
Boots
da
Shoes, silk do.
kid and morocco
do.
other
dozens
Cards, wool and couon
packs
playing cards
Excess of
importations
over exportation.
Rate
Excess of
of
expona- duty.
tions over
importations.
Excess of
duties over
drawback.
107
7,333
4,398
4,377
1,905
30,104
Cts.
10
50
100
60
40
60
S10
3,666
4,398
2,626
762
12,062
70
50
00
20
00
40
19,906
4.449
4,669
15,263
52
1,095
1,754
10,289
723
5
1,928
160
175
225
200
50
75
25
15
10
50
25
31,849
7,785
10,505
30,526
26
821
438
1,543
72
2
482
60
75
25
00
00
25
50
35
30
50
00
684,057 57 323,790 68
23,780 68
660,276 89
274
[1910.
. REPORTS OF T H E
B 2.
1 STATEMENT
of the duties which accrucd on the principal articles
imported from Great Britain and her dependencies, during the year
1810 with an estimate
of the debentures issued on the same articles,
deduced from a comparison with the whole amount of duties accruing,
and debentures issued, during the same year, on all articles of the
same description imported from all countries.
A d valorem.
Gross amount of duties on articles imported
98,121,337
from ail countries
Dcduct gross amount of debentures issued
666,773
on the exportation of such articles
Nett revenue
-
Gross amount of duties on such of the same
articles as were imported from Great
Britain and her dependencies
Deduct estimated amount of debentures on
the exportation of such of the said articles as were of British importation
Estimated nett revenue on articles imported
from Great Britain and her dependencies
-
Spirits.
Cotton, Sundries.«
spices, and
indigo.
91,315,086
£681,414
£233,773
33,323
563,601
10,700
7,464,564
1,281,762
117,813
273,078
6,174,510
561,893
192,710
944,244
499,510
14,893
159,710
8,244
5,675,000
517,000
33,000
236,000
Nett revenue, as per statement A , for 1810 *
•
-$12,513,000
Deduct nett revenue on articles imported from Great Britain and dependencies, v i a :
$ 5 , 675.000
On merchandise, ad valorem
.
.
.
547,000
On spirits
33,000
On couon, spices, and indigo
.
.
.
236,000
On sundries
6,491,000
Nett revenue, after deducting that arising from British importations
£6,022,000
a Consisting of beer, pewter, anchors, sheet, slit, and hoop iron, nails and spikes, paints
lead and manufactures of lead, sleel, twine, and packthread, glass, coal, and fish. 8ome small
items, not exceeding $10,000, are omitted.
NOTE.—Sugar, coffee, and molasses are not included, as the whole quantity wanted for domestic consumption will be supplied from other countries.
c.
STA TEMENTof
thc lands sold in thc districts of Marietta, Zanesvillc, Steubcnville, Canton, Chillicothe,
Cincinnati,
Jeffersonville, awd FTACFMIEI, / R O W 1st October, 1810, /o 30//T Sejtt ember, 1811; showing, U&O, the amount of receipts
from individuals, rtwrf payments made by receivers, during the same time, with the balance due, both on the 1st of
October, 1810, a/trf Is/ o/" October, 1811.
In the hands Due by individ- Receipts by receivers from
Payments by receivers.
individual*.
of receivers,
uals, October !
Oct. 1, 1810.
1,1810.
On acc't of pur- On account Into the Trea- T h e part for
RepayPurchase money.
chase money. of forfeitures.
sury.
expenses.
ments.
:
-4-rrtii |
'
Lands sold.
Offices.
Acres.
Marietta
'/.ancsville
Steubcnville
Canton ChUlicothe
Cincinnati
Jefferson villc
Vincennes
$1,735
15,973
23,095
6,516
56,680
128,706
13,658
9,015
32
69
10
741
53
291
78
40
3,833.3*
27,639.23
18,886.31
27,130.75
12,017.111
67,116.31
35,756.00
14,637.99
$8,786
56,572
46,363
51,261
30,672
152,057
71,512
29,275
207,017.114
419,502 694 255,412 16
8I|
74
38
50
76
52
00
98
$18,718
167,208
231,710
68,936
152,734
799,789
101,271
106,269
25
381
161
60J
2?)
47
99
89J
1,646,612 041
$7,317
69,791
101,291
35,926
81,280
211,651
55,258
31,256
19
704
394
211
25
381
67
25
599,773 06
*798 1Q
4,066 334
18,110 684
$6,689
81,561
95,469
16,322
83,374
302,157
59,003
37,821
16,616 57
9,810 03
80 00
49,541 74
38
16
591
394
774
791
74
20
a682,403 04
$639
2,811
3,821
1,987
3,6*0
6,722
8,342
2,108
38
99
451
484
274
81J
15
52
$1,151 18
5,968 32
136 19
386 01
03
a
O
S3
tn
^
o
TJ
m
K
SD
24,114 07
7,642 03
K
>
CO
« Paid into the Treasury, in specie, by warrants on receivers:
For payments made by themselves
For payments made by individuals
Warrants on receivers for payments made by them prior to lst October, 1810
.
.
.
.
.
.
C
to
wj
$(577,252 70
17,792 06
.
.
#695,044 76
16,986 51
678,053 25
Moneys paid by individuals to the Treasurer of the United States, included in the amount of warrants on receivers, prior to 1st October, 1810,
but not till now stated in the accounts of receivers . . .
-
4,344 79
682,403 04
w
S T A T E M E N T Drf.—Continued.
TOTAL NAI.ES or LAND*.
Acres.
Dollars.
From the opening of the land offices lo October 1,1810
Amount sold since, as above
-
3,167,890 281
207,017.144
6,681,349 57
449,509 694
3,374,843.431
7,190,852 964
Balance due Oct. 1,1811.
Offices.
Marietta
Zanesville •
Hteaben villa Canton •
Chillicothe Cincinnati Jeffersonville
Vincennes •
Total balance
due October
1, 1811.
Frotn individ- By receivets.
uals.
$20,187 874
153,980 49
1W.7H4 III
87,971 884
109, IvJfi HO
737,195 <!Of
117,528 33
101,989 621
1,496,371 671
£3,161 25
7,119 39
41,089 &6|
26,150 564
71,086
50,653
9,993
5,447
08*
H7|
71
45
314,081 89
$93,349 124
161,108 81
217,871
113,492
173,192
787,849
127,522
106,737
71
45
8H4
484
03
071
1,711,059 56|
ESTIMATE
showing when the instalments, which compose the balance due from individuals, will become payable.
R
Offices.
Remaining Becoming 11.-. Minim; Becoming Becominf Total balance.
lue in l-l I due tn H12. due in 1813 due in 1814 due to 1816
83,955 204 81,772 99 84,234 74
33,428 27 13,026 92 40,225 05
61,884 101 19,753 45 35,623 06
31,907 93 96,949 44
15,517 35 24,032 62 18.N51 99
Cincinnati • 316,545 98 210,5541 71 100,061 77
3H,J34 07 39,331 34
Jeflentonville
Vincennes - 42,189 011 94,088 Oil 18,749 73
Marietta
Zanesville Steubeuville
Canton
Chillicothe •
83,510
30,739
23,883
18,601
10,571
81,331
97,887
10,963
76
28
13
07
74
18
54
61
1,412 924 425,719 31 # 8 , 0 1 3 19 210,488 30
81.814
6,570
2,638
10,521
5,153
25,699
11,989
6,365
18
60
41
114
10
!M»|
37
95
November,
1811.
820,187 874
r.:i •>-'» l.'
176,782 Ml
87,971 884
102,126 HO
737,195 601
117,.V> 39
101,2X> 624
69,745 02| 1,496,371 671
X*U.—The last return frotn Zanesville was up lo July 31,1811.
TREASURY DEPARTMENT,
Sc
3
So
H
w
O
TJ
^
X
w
S T A T E M E N T Cc.
ST A TEMENT of the lands sold in the Mississippi Territory, from the time of the last report thereon to the 30//* September, 1811; showing, also, the amount of receipts from individuals, and payments made by receivers, during the
same time, with the balance due.
Lands sold.
Offices.
Madison county West of Pearl river
East of Pearl river
In hands of re- Due by individceivers, per uals, per last
last report.
report.
On account of Into Treasury. T h e part which
forfeitures.
was for expenses.
Acres.
48,463.70
33,449.16
$97,922 97
66,898 92
$26,333 89J
2,219 17
1,038 91
$130,765 9 7 |
243,760 65
15,668 71
$44,085 621
36,150 37
240 00
$219 39
62 96
$45,952 85
30,353 79
300 00
$2,538 35
1,980 70
81,913.16
164,821 89
29,621 971
390,195 33J
80,475 991
305 35
a 76,606 64
4,519 05
Total balance
due.
Repayments
$79 18
$184,603 3-21 $24,709 05*
8,029 53
274,509 20
978 91
15,428 71
a>
n
o
73
m
~3
O
TOTAL BALKS O P LANDS.
From indi- By receivers
viduals.
Madison county West of Pearl river
East of Pearl river
On account
of purchase
money.
Payments by receivers.
Purchase
money.
Balance due.
Offices.
Receipts by receivers.
r>
5
Amount of lands sold from opening of the
offices, per Inst report
- Acres 257,395.971 $538,416 77
Amount sold since, as above stated
81,913.16
164,821 89
339,309.131
#209,312 38
282,538 73
16,107 62
a Paid into the Treasury in specie, by warrants on receivers
.
.
.
Payments by receivers, to be covered by
warrants
.
.
.
.
M
&
rj
703,268 06
72,016 47
4,590 17
76,606 64
79 18
474,541 23}
33,717 C9J
508,258 73
G»
CO
S T A T E M E N T Cc—Continued.
EST IMA TE
showing when the instalments
Offices.
M i d won county
West of Pearl river
Hast of Pearl river
.
.
.
.
TREASURY DEPARTMENT,
which compose the balance due by individuals
will become payable.
Remaining due
in 1811.
Bt-cilining due
in 1819.
Becoming due
in 1813.
Becoming due
in 1814.
Becoming due
in 1815.
813,677 801
141,850 *>l
9,664 19
853,913 74
53,756 61
3,901 51
869,180 38
58,468 05
1,865 01
§33,564 67
45,814 51
815,976 66
11,641 39
148,190 741
110,861 81
November,
1811.
149,513 44
58,377 18
97,598 05
Total
balance
due.
8184,603 34(
474,509 20
15,4'JH 71
474,541 431
53
m
n
o
So
CO
O
00
o.
AN EST IMA TE of the principal redeemed of the debt of the United States, from the \st October, 1810, to the 30th
September, 1811; and, also, from the \st April, 1801, /o 30//t September, 1811.
Redemption from Redemption from
1st October, 1810, 1st April, 1801,
to 30th Septern- to 30ih September, 1811.
ber, 1H10, pcrthe
Secretary's reort of the Dili
ecembcr, 1810.
g
Total redemption from 1st
April, 1801, to
30th September, 1811.
ON ACCOUNT O P NIR. DOMESTIC DF.DT.
CO
M
O
SO
M
H
>
js
T h e amount of warrants issned on the Treasurer of the United States, on account of the interest of
the domestic debt, and of the icimburscment of the old six per cent, and deferred six per cent
stocks, from the 1st October, 1810, to the 30th September, 1811, exclusive of a repayment of
$140,000, and of the reimbursement of the exchanged six per cent, stock, as stated below
was
*
*
'
*
"
-$3,153,408 01
Deduct interest which accrued during the same period, calculated quarter-yearly
- 1,846,260 45
Reimbursement of the old six per cent, and deferred stocks . Reimbursement of the navy six per cent, stock
Reimbursement of the five and a half per cent, stock Reimbursement of the four and a half per cent, stock Reimbursement and purchase of the eight per cent, stock
Reimbursement and purchase of the exchanged six per cent, stock
Payments made for lands in certificates of the debt of the United States
Payments made to foreign officers, and for certain parts of the domestic debt
Payments on account of domestic loans
Reimbursement of the foreign debt
.
.
.
.
.
00
£
$1,307,147 56
$12,005,600
711,700
1,H47,500
176,000
01
00
00
00
3,542,226
268,210
90,092
3,440,000
a 10,075,00-1
86
70
58
00
00
6, 369 , 600 00
3,751,125 26
Total
5,058,272 82
37,516,062 15
$13,312,846
711,700
1,847,500
176,000
6,359,600
6,393,351
268,240
90,092
3,440,000
10,075,004
57
00
00
00
00
12
70
58
00
CO
o
T3
»-3
X
H
H
So
tn
C/i
S
l> 42,574,334 97
en
Notes to Statement
D.
a T h i s sum of $10,075,001 is the true amount of the foreign debt (including principal and premiums) actually due on the 1st April, 1801. T h e whole
of it Having been reimbursed, this turn is substituted for that of $10,230,442 33, inserted in the estimate ( D ) of last year, in which the advances lor interest
payable in Europe on the Louisiana stock, had been blended with thc payment for principal of thc old foreign debt.
b T o this sum of
Ji
Must be added—
Difference between the nominal amount of three per cent, stock, extinguished, and that of converted stock, issued
under the act of the 11th February, 1H07
$1,001,458 45
Difference between the nominal amount of six per cent, and deferred stocks, as here staled, and the amount
actually reimbursed, aa per accounts settled at the Treasury, arising from unclaimed dividends, and arrears of
interest
.
2H0,P84 GO
1,989,843 05
From which deduct reimbursement on stock paid in for lands, prior to thc 30lh September, 1805
-
T r o e amount reimbursed from lst April, 1801, lo 30th September 1811
T h e reimbursement of six per cent, aud deferred stocks, on the 31st December, 1811, is estimated at
T h e reimbursement of converted stock
Amount reimbursed from lst April, 1801, to lst January, 1811, as per Secretary's report
TREASURY
4,229 90
-
•
•
*
$805,909 9 .
1,294,4J9 V.>
•
^ _ ^^
43,859,448 19
- iQ^flfli 9tl
$46,019,810 3»
DEPARTMENT,
Registers
Office, November 20, 1811.
JOSEPH
NOURSE,
^
Register.
Dd.
STATEMENT
ofthe amount of the public debt, on the 1st April, 1801, and on the 1st January,
Principal.
Debt on 1st April, 1801.
Six per cent, and deferred, unredeemed
T h r e e per cent., outstanding
F i r e and a half per cent.
-$1,847,500
F o u r and a half per cent.
176,000
Eight per cent, (including $800 over issued)
- 6,482,600
Navy six per cent.
.
.
.
711,700
Temporary loans, viz: at 6 per cent[-$2,040,000 00 ) d U 0 ( m
at 5 per cent. 1,400,000 00 ) '
'
$37,887,S40 54
19,102,477 89
Interest.
t»
«
a
82,273,270 43
573,074 33
P0
M
H
00
00
00
00
^
1796 six per cent.
.
.
.
.
10,419,000 00
Foreign debt, on 1st January, 1801
Deduct principal and premiums, paid between 1st
343,996 00
January and 1st April, 1801
Unfunded debt, consisting of such parts of the
registered debt, and debt due to foreign officers,
as have been subsequently paid
Debt 1st April, 1801
Reimbursements from 1st April, 1801, to l s f J a n . 1812, via :
On six per cent, and deferred stocks
- 20.820,744 46
On three per cent., including reimbursement of
converted stock, and deducting converted stock
outstanding
2,379,269 44
1812.
*<
O
12,657,700 00
80,000 00
863,218 50
4,800 00
10,075,004 00
466,100 00
H
X
H
H
fa
•cd
00
e
P0
«!
90,092 58
1,180,463 26
79,892,115 01
1,246,244 67
a 54,418 53
CO
«u
£
S T A T E M E N T Drf.—Continued.
Del* on 1st April, ISOl.
Principal.
Interest.
Eight, five and a half, four and a half, and navy
six per cent, stocks, and temporary loans, paid
all in full
Foreign debt, paid in full
On account of unfunded debt
Total reimbursement
$863,218 50
166,100 00
$12,657,700 00
10,075,004 00
00,092 58
-
-
-
-
-
-
>2,632,981 70
$46,022,819 48
S
D K B T ON 1 S T J A N U A R Y , 1 8 1 2 .
1. Old debt, viz:
b Six per cent, and deferred
c Three per cent.
$16,157,890
Converted six per cent.
565,318
1796 six per cent.
.
.
.
.
Old debt
.
.
.
-
17,067,096 08
04 )
11 )
^
80,000 00
O
4,600 00
H
X
T h e reimbursement of principal for 1812, will be $1,569,900 65, thus :
Nominal amount of six per cent, and deferred stocks, $32,424,060 14, at 8 per cent.
-
-
-
GO
1,547,481 56
R
675,000 00
2,222,481 56
45,120,304 53
Total amount of debt, 1st January, 1812
Total amount annually payable on the public debt, after 1812
518,655 80
11,250,000 00
-
Of which is interest, as above
H
33,870,301 53
.
2. New debt, viz :
Louisiana six per cent, stock
1,024,025 76
2,593,926 41
1,094,025 76
1,569,900
3,792,382 21
cr>
£
1S11.]
SECRETARY OF THE TREASURY.
. 465
Notes to Statement Drf.
« Interest extinguished on 82,379,269 34, at 3 per cent.
Deduct interest increased, 3 per cent, on $5to6,3l8 41, converted 6 per cent, stock outstanding
Diminution of interest on 3 percent, stock
-
871,378 08
16,959 55
54,418 53
b Six per cent and deferred stocks, 1st Jan. 1801:
Nominal amount, exclusive of the sinking fund
The previous reimbursements by the accounts of receipts
ami expenditures, amounted to
Deduct for an error, inserted in the acc'ts for the year 1803
841,895,310 01
3,952,029 53
But of that reimbursement there had been paid on stock
transferred to the sinking fund, a sum of -
4,177 72
Leaving for the reimbursement on the above stated nominal
amount
-
3,947,851 81
And making for the unredeemed amount, as per report of
April, IH08
The reimbursement paid on 31st March, 1801, was
Unredeemed 6 per cent and deferred, on 1st April, 1801
The payment* of principal from 1st April, 1901, to January
1 at, 1812, are as follows:
1. Annual rcimbursomcnts from 1st Jau. 1801, to 1st Jan. 1811,
per punted accounts of receipts and expenditures
Deduct reimbursement for 1st quarter of 1801, as above
Reimbursement of the year 1811, estimated at
-
-
37,947,458 20
59,617 66
37,887,840 51
i;
> o u 00
12,953,123 53
- 1,499,000 00
14,452,123 53
w
2. Paid in for lands and purchased, viz.
For lands, unredeemed amount, as stated in the
es10
timates marked D . Deduct on account of the nominal amount instead
of the unredeemed amount, ^ X ^ 6 6 " , 1 ^ " i ooo on
eJ in those estimates prior to 30th Sept. 1805
4,229 90
Purchased in 1806 3. Exchanged stock, reimbursed in full
57,052 20 |
74,569 81
17.517 61 ,
- 6,294,051 12
Unredeemed amount on 1st January, 1811
- ^ ^'JJJJ JJJ
Deduct reimbursement of 1311. estimated as per above, at - 1,499,000 00
c 3 per cent, stock on 1st Januaiy. 1901, (including Htggins's
stock, 17.18, stated subsegueatly in the accounts) per report oi April, 1808
3 per cent, issued subsequent thereto
Total outstanding 1st April, 1901
Reimbursements:
,
2,861,309 15
1. Surrendered in exchange for converted stoclc
83,278 70
2. Paid in for lands
Outstanding on 1st January, 1812
2,944,587 85
Prom the above amount of reimbursements
565,318 41
Deduct outstanding converted stock, on 1st Jan.
Makes the reimbursement on 3 per cent stock (including
converted) from 1st April, 1801, to 1st Jan 1812
Viz—Difference between 3 per cent. ;nrrendered and con- 1,001,458 45
verted stock, issued under the act of Feb. 11th, 1807
83,278 70
3 per cent, stock paid in for lands 80 00
Converted do.
da
do.
*
*
"
1,294,452 29
Do.
do. to be reimbursed ou the 31st Dec. 1811
-
http://fraser.stlouisfed.org/
VOL. I — 3 0
Federal Reserve Bank of St. Louis
20,820,744 46
17,067,096 08
19,093.902 21
8,575 68
19,102,477 89
2,944,587 85
16,157,890 04
2,379,269 44
2,379,269 44
E.
ST A TEMENT
of receipts and payments
Cash in the Treasury, subject to warrant,
83,159,029 72
Oct. Ist, 1810
Received for the proceeds of the customs - ($18,490,656 14
Internal revenue
•
•
#6,319 60
Dircct tax
6,364 87
19,6*2 47
767,061 23
Sales of public lands 8,463 78
Cents and half cents coined at the mint
6,180 00
Fees on patents
.
.
.
.
71,906 00
Public arms sold to States •
37 1*>
I W a g e of letters
2,500 00
Salt works in the Illinois territory 11,105 21
Pines, penalties, and forfeiture*
Seamen's wages paid to consuls in foreign
9.035 00
countries
Payment by an unknown person, through
250 00
the President of the United Stares
168,268 81
Repayments •
13,511,116 37
Loan from Rank United States on 31st De2,750,000 00
cember, 1810
-
1st October, 1810, to the 30th
at the Treasury of the United States, from
September, 1811.
Payments on the following accounts j
Civil exvtnte), both
«»<* dimeUic,
rut
Civil list, prtf«'r
Light-house establishment Marine luapta! establishment
Invalid pennons
Public buildings in Washington Furniture for the President's house
Third census
Pri«e money for navy pension fund
Mint establishment Grants and mi>cellan»'Otts claims Better accoin modal ion of the Geneial P«»l
Office, A<\
Unclaimed merehandise
"...
'
Surveys of public lands
•
869,. 41 70
Ascertaining land iHles in Louisiana
11.426 ot»
Roads within the Stnfe of Ohio
Roads from Cumberland to the
Ohio
Roads from the Mississippi to
the Ohio -
8620,6 .H) 16
112,018 76
PJ
58,822 34
74,674 68
600 CO
1,000 00
106,699 6«-.
7,106 25
999 96
23,036 96
s
so
H
CO
O
H
x
n
4,700 00
224 93
80,167 76
19,000 CO
6,861 50
209 25
Trading-houses with the Indians Contingent expenses ofGovernmcnt
Intercourse with foreign nations -
26,070 75
3,975 00
a,rum oo
207,745 77
cr
81,360 «58 98
Military trpCHMS, n>
Pav, subsistence, clothing,
Sic. of ihe army -$1,463,000 00
Fortifications of ports and
harbors 165,000 00
Ordnance, arms, arsenals,
Ac.
.
.
.
501,000 00
Indian department
.
.
.
.
2,129,000 00
142,725 00
2,271,725 00
A'acy.
Repairs and contingencies
.
.
Ordnance and arms
.
.
Navy yards Marino corps
.
.
.
Pay, provisions, and other expenses
.
.
.
542,000
62,000
74,000
251,000
1,207,000
00
00
00
00
00
2,136,000 00
Public debt.
Interest and charges
.
.
.
Principal discharged
.
.
.
Repayment of loan to Bank of United States
2,225,800 93
5,058,272 82
2,750,000 00
10,034,073 75
Balance in the Treasury subject to warrant,
September 30, 1811
19,750,476 09
3,917,818 36
19,750,476 09
ft*
I N D E X .
A.
Agriculture, the effect of funding the public debt on, 6.
productiveness of, contrasted with manufactures, 78.
promoted by manufactures, 88, 92, 104.
Alloy, proportion of, used in gold and silver coinage, 135, 141.
W h y it is used in coinage, 142.
Annuity proposed, as a plan for funding the public debt, 17, 43, 99.
Army expenses of 1802, estimated, 222.
of 1803,
do
253.
of 1804,
do
263.
of 1805,
do
286.
of 1806,
do
298.
from 1st April, 1801, to 31st March, 1805, 326.
of 1807, estimated, 331.
of 1808,
do
358.
paid, 374.
of 1809, estimated, 375, 392.
paid, 399. . (to
J«
from 1802 to 1807,420.
of 1810, estimated, 400.
paid, 421.
of 1811, estimated, 423.
paid, 443, 466.
of 1812, estimated, 444.
paid, 46S, 484.
of 1813. estimated, 470. 489.
paid, 490, 492, 499.
of 1814, estimated, 500.
paid, 523, 532.
of 1815, estimated, 530.
B.
Balances in the Treasury, in 1801,
1802,
1803,
1804,
1805,
1806,
1807,
1808,
1809,
1810,
1811,
1812,
1813,
1814,
223, 224.
255.
263.
287.
298.
332.
357.
374.
391, 399.
422.
443.
468.
488, 499.
525.
554
INDEX.
Bank, plan of a national, proposed, 54, 72.
capital stock, of what aiuouut, and bow composed, 72.
the United States may be a stockholder, 75.
Bank of the United States, a renewal of the charter of; recommended, 3o9.
Bank shares, dividends on, in 1901, 221.
sold, 254.
proceeds of, 317.
Banks, benefits resulting from, 55, 97.
number of, in the United States in 1790, 65.
objections to, considered, 57.
stock of, how composed, 59.
favor the increase of the precious metals, 61.
tend to lower the rate of interest, 67.
•
_
Bounties considered as a mean of encouraging manufactures, 110, 1J0.
C.
Claims of American citizens against Prance, amount of, assumed and paid,
264, 266, 288.
Coffee, additional duty on, proposed, 22.
imported and consumed from 1790 to 1798, quantity of, 241.—See
Merchandise
imported
Coins, foreign, comparative value of, 135. 142.
circulation of, to be prohibited, 155.
Coins of the United States, of what to be compow>d,nnd how denominated,
152.
Commercial restrictions, effects of, on the revenue in 1807-8, 398, 409.
Commerce, benefited by funding the public debt, 5.
promoted by man u far tu res, 90, 104.
how affected by the French and British decrees, 376.
Compensation of officers ot Government in 1790,45.
Connecticut, claim of, m 1789, 35.
Creditors of the United States, not expedient to discriminate between the
classes of the, 7.
Credit.—See Public Credit.
Customs, where paid, and the amount, from 1st April, 1801, to 31st Marcn,
1805, 319.
,
-
it
^nvds
Debt, amount of interest on the domestic, from 1776 to 1791, 33.
Debt.—See Public Debt.
Debts due to States, to be assumed by the United States, 10, 28.
supposititious account of the, 30.
statement of the, 35.
provision for liquidating, 164.
Direct taxes, collected in 1801, 221.
arrears of, in 1803, 263.
receipts from, in 1801 to 1805, 317.
receipts from, in 1814, 524, 526.
an increase of the. recommended, 531.—See Revenue, *TC-
555
INDEX.
Drawback of duties, considered in reference to the encouragement of manufactures, 114.
amount of, from 1790 to 1799,239.
system of, proposed to be modified, 378.—See Merchandise imported.
Duties, additional, proposed on wines, spirits, teas, and coffee, 22.
Duties on imports, tariifof, proposed to be modified, 218,227.
cost of collecting the, 218, 227.
an increase of, proposed, 219,242, 378, 401, 424,448.
Duties on imports and tonnage, estimated for 1790, 53.
^
for 1795.170.
Duties.—See Internal Duties, Protecting Duties, Imports, Merchandise.
Dutch debt, created in 1790, 166.
amount of, in 1794, 206.
amount of, in 1802, 225.
instalments payable to 1809, 250.
difficulties in remitting instalments of the, 254, <2b0.
amount of the, in 1803,276.
R
Embargo, its effects upon the revenue considered, 377, 503.
Estimates of receipts and expenditures for 1791, 45, 53.
1795,170,18o,2l4.
1801-2, 222.
1802-3, 253.
180a-4. 263.
1804-5, 286.
1805-6, 298.
1806-7, 331.
1807-8, 357.
1808-9, 375.
1809-10, 399.
1810-11, 422.
1811-12,444,448.
1812-13, 469.
1813-14,488, 500.
1814-15, 526, 530.
Exemption of materials
nujeriajs ^
for manmawun»
^
Expenditures.—See Receipts and Expenditures.
Exportation.—Sec Re-exportation.
F
^
<
Finances, ,he effects of a nationalbauk in administering.be, c e n t e r e d , 54.
Finances, state of the. in 1801, 216.
erK> 252.
252.
11802,
1803, 262.
1804,
1805,
1806,
1807,
H08,
1809;
285.
297.
331.
356.
373.
(June,) 391.
556
INDEX.
Finances, state of the, in 1809, (December.) 398.
1810, 421.
1811, 443.
1812, 468.
1813, (June,) 488.
1813, (December,) 499.
1814, 523.
Fisheries, benefited by manufactures, 107.
Florida, imports and exports to and from, for tho years 1799 to 1802.20a,
281 to 284.
Foreign intercourse, expenses of, from 1801 to 1805, 325 — See Receipts
and
Expenditures.
Foreign officers, provision made in 1792, for paying certaui, 166.
France, claims against, assumed by the United Stales, and paid, 264 6,288.
Frauds on the revenue, how prevented, 23.
F u n d i n g system established in 1790, 165.
G.
Gold and silver, amount of, increased by establishing banks, 55.
proportion of, in the United Stales, in 1790, esumated. 141.
I.
Imported articles, and the duty on each.—See Merchandise
imported.
Imports from Great Britain in 1810, duties accrued on, 456.
a table of duties chargeablo on, in 1801, 227.
Imports, value and quantity of, from 1790 to 1800, 229 to 238.
amount of duties accrued on, from 1790 to 1799, 239.
_
quantity of consumed in the United Stales from 1790 to
duties accrued on, from October 1800, to October 1802, 259, 268.
duties accrued on, in the years 1802 and 1803, 290.
1801 to 1804,297.302,311.
1804 and 1805, 337.
1805 and 1806,362.
1806 and 1807,379.
1807 and 1808,403.
1808 and 1WJ9, 426.
1809 and 1810, 451.
1810 and 1811, 47S.
1811 and 1812, 505.
1812 and 1 8 1 3 , 5 4 4 . — c h a n
dise imported.
„
Incidental revenues received from 1st April, 1801, to 31st March, 18U0,»
—See Revenue.
Internal duties created in 1794,159.
Internal duties, receipts from in 1800, 218, 243.
cost of collection, 219.
receipts from, in 1801 to 1805,317.
outstanding, amount of in 1803, 263.
proposed to be increased, 531.—See Revenue.
Internal improvements, surplus revenue maybe applied to, 359.
Inventions and discoveries promote manufacture*, 114.
INDEX.
557
L.
I^ands.—See Public Lands.
Laws creating; revenue, and providing for the public debt, reviewed 157
Limitation act, passed in 1793, 167.
Lorui recommended to supply a deficiency in the receipts. 392, 400 423
418, 471, 491.
'
'
'
'
Loans, foreign, amount of on 31st December, 1789, 31.
Loans preferred to taxes to meet the exigencies of a war, 377, 401.
Loans, amount received from, in 1810, 443.
1812, 468, 486.
1813, 488, 492. 499, 516.
1814, 524, 527.—See Revenue.
I*oans, term3 on which they were obtained, 441, 491, 492 to 498; 519 to
522, 528 ; 535 to 540.
l»uisiana, provision for the purchase of, 264.
imports and exports to and from, for the years 1796 to 1802,
265, 281 to 284.
M.
Manufactures benefited by funding the public debt, 6.
expediency of encouraging, 78.
advantages of, 85.
encourage emigration, 87.
effects of, on commerce and agriculture, 90.
objections to encouraging, considered, 91, 103, 107.
progress of, in the United States, 102.
necessary to the independence of a country, 106.
sectional jealousies on the subject of, considered, 107.
how to be protected, 109.
materials for. exempted from duty, effect of, 113.
articles of, requiring particular encouragement, 118.
Massachusetts, amount due to, in 1789, 35.
Mediterranean fund, created, and estimated product of the, for 1805, 286.
duties constituting the, cease 1st January, 1809, 356.
a continuation of the, recommended, 378,401,424,448.
annual amount of.—See Merchandise imported, and
Revenue.
Merchandise imported and consumed, from 1790 to 1S00, 237, 241.
(paving ad valorem duties) in 1795 to 1800, 234.
(the quantity re-exported deducted) in 1801, 312.
1
1
1802,270.
1803, 291.
1804, 303.
1805, 338.
1806, 368.
1807, 380.
1808, 404.
re-exported in 1807 and 1808, 409.
imported, (the quantity reexported deducted,) in 1809, 427.
1811', 474.
1812, 506.
1813, 545.
291
INDEX.
Mint, plan for the establishment of a, 133.
expenses of a, how defrayed, 143, 150.
Molasws^nported and" consumed from 1790 U> 1793, quantity of, 211.
See Merchandise
imjxjrled.
N.
National bank proposed to be established, 54.
Navy expenses of 1802, estimated, 222.
1803,
do
253.
1804.
do
263.
1S05,
do
2S6.
1806,
do
298.
from 1st April. 1801, to 31st Maxell, 1S05, 327.
of 1807, estimated, 331.
1808,
do
358.
paid, 374.
1S09, estimated, 375, 392.
paid, 399.
from 1802 to 1S07, 420.
of 1810, estimated. 400.
paid, 421.
1811, estimated. 423.
paid, 443, 466.
1812, estimated, 444.
paid, 468, 484.
1813, estimated, 470, 489.
paid, 490, 492, 499.
1814, estimated, 500.
paid, 523, 532.
1815, estimated, 530.
New Jersey, claim of, in 1789, 35.
New York, claim of, in 1789, 35.
Non-importation act, modification of the, proposed. 425.
O.
I
Officers of Government, compensation allowed to the, in 1790, 45.
P.
Paper money, the expediency of emitting, considered, 64.
Passports and clearances, amount of revenue derived from, in 1790
1798, 241—See Merchandise imported.
Penalties and forfeitures for infractions of the revenue laws, to be districted to informers and custom-house officers, 425.—See Revenue.
Postage of letters, receipts from, in 1901 to 1805, 317.--See Revenue.
Post Office, revenue derived from the, to he applied to the sinking fond,
review of the law establishing the, 159.
Premiums, effect of granting, on agriculture and manufactures, 113.
INDEX.
559
Protecting duties on imports considered as a bounty on domestic fabrics, 109.
the constitutional power to levy considered, 112.
Prohibitions of imports and exports may be resorted to for the encouragement and protection of manufactures, 109.
Public credit, plans for the support of, 3, 157,172.
a national bank necessary to the support of, 54.
essential to the prosperity of the nation, 197.
defined, 198.
Public debt, advantages of funding the, 5, 98.
nature of the provisions for funding the, 7,161.
of what it consists, 14, 168, 347.
plans for funding the, 17, 43, 45, 161.
plans for redeeming the, 22, 27, 165.
may constitute a part of the capital of a national bank, 72, 75,
157.
laws relating to the, reviewed, 157.
plan for completing the system for liquidating the, 173.
revenues pledged for the payment of the, 168.
amount of foreigu and domestic, in 1790, 14, 22, 31, 33.
1795, 169, 201 to 210.
1802, 223, 248, 250, 279.
when it may be redeemed, estimated, 172, 225, 251, 354.
amount paid, in 1802, 254.
1803, 264, 276.
1804,288,296.
1805. 299, 310.
from Apr. 1.1801,to March 31,1805,328,329,333.
in 1806, 333, 345.
plan for consolidating the, proposed, 333,347 to 3oo.
amount of the, in 1806, 349.
Q 9 4 0 f ; i QKK
estimated amount that maybe paid, m 1809 to 1824,354,
amount paid in 1807, 358, 371.
in 1811, 445,461.
from April 1, 1801, to January 1,1812, 463.
amount on Januan; 1, 1812, 446, 464.
amount paid m 1812, 468,480. ^
1814, 534.
t
t
^
^
T
T
^
J
l
pubbc debt,
j S ^ f f i f f i S S
1795 and 4804,
1 f i 219 244
p r ^ S f e of'the. pledged for the public debt, 163.
S d T l S O l , 220, 246.
intrusions on the, to be prevented, 221.
sold in 1802, 252, 257.
560
INDEX.
Public lands, sold in 1S03, 262, 274.
1904, 285, 291, 315.
1905, 297, 309.
receipts from, in f W l to 1905, 31 / .
sold in 1806, 331, 3 4 s .
1807, 356. 368.
1909. 373, 3>*5.
1809.398, 411.
sold from 1800 to 18(0, 421, 432.
sold in 1911,448.
,
tI .
JJO
may be applied as & bounty to soldiers enlisting, 448.
sold in 1M2, 478.
1813, 511.
lbl-1,550.
*
m
Public vessels sold, 222.
I ]
3
|
R.
Receipts and expenditures, estimated for 1790, 45, 53.
1795, 170.
comparative view o f t h e , for 1795, 214.
in 1901, 216.
1802, 252.
1903. 262.
1804,285.
^
from April 'l, 1801, to March 31, 1805, 317 to
330.
'
in 1806, 331.
1807, 356.
1808.373.
1809. 391, 395, 399, 419.
1810, 421, 438.
1911,443. 466.
1812. 468, 482, 486.
1813. 498, 492, 499, 616, 532.
1814. 523, 533.
Re-exportation of foreign merchandise in 1907 and 1909, 409.
Revenue, frauds of the, how to be prevented, 23.
s
plan for increasing the, 24.
laws relating to, reviewed, 157.
for what purposes p l e d g e , 168.
how to be increased in the event of war, 361, 379.
an increase of, proposed, 219, 242, 378, 401, 424, 448, W4from what sources derived, and the amount in 1795,
*
1801,216.
.
1901 to 1805,317,
322.
1908,395.
1909, 419.
1810, 438.
1811, 466.
v
INDEX.
561
Revenue, from what sources derived, and the amount in 1812,482,492.
1813, 492, 516, 518.
1814, 532-3.
See Receipts and expenditures.
S.
Salt imported and exported from 1790 to 1800, 233.
and consumed from 1790 to 1798, quantity of, 241.—See
Merchandise imported.
Salt duty expires 1st January, 1808,356.
a renewal of the, recommended, 449, 490.—See Merchandise
imported.
Sinking fund, plan of a, proposed, 27.
established in 1790, 165, 171.
made permanent in 1792, 166, 169.
operations
January,
proceedingsofofthe,
the,toin1st1802,
260. 1795, 167, 1/1, -411.
state of the, in 1806, 346.
in 1810, 440.
in 1813, 498.
South Carolina, claim of, in 1789, 36.
Specie increased by the operation of banks, 55.
Si>ecie payments suspended by banks, 529.
S & 3 mortal
"
WgS&SffSV^X
Merchandise imported.
Saints foreign and domestic, additional duties proposed on, M.
Stamp dutfesexpire 4th March 1803 218, 2 2 1 . - ^ / ^ ,
State debts, ought to be assumed bv the Union, 14, 28, 30.
amount of; estimated, So, f b .
provision for liquidating the, 164.
^
Z
&
M
S S S r E S b T l W
S u r p K ^ y C f t *
'o —
'
quantity of, 2 4 , - S ,
- P —
S
'
359
'
T.
j
ho
449. 490.—See Direct taxes.
Taxes, internal, proposed to be l e v i e d , ^ ,
m
- S e e Merchandise >mPorlJ r - f r o m 1 7 9 0 to 1799, 240.
Tonnage, amount of American and foreign, from 17W to ^
^
Tot, i.—36
in 1803, 290.
1804, 302.
1805, 337.
1806, 362.
1807, 379.
1808, 394, 403.
INDEX.
Tonnage, amount of American and foreign, in 1909, 426.
181 li 473.
1812, 805.
1813, 544.
Tontine, proposed as a plan for funding the public debt, 20, 45.
Treasury notes, amount authorized in 1812, 469, 492.
treasury u
1813,492.499,518.
1814, 525. 529, 532, 511-2.
in circulation in 1814, 529.
an increase of the rate of interest on, proposed. 530.
y.
Virginia, claims of, in 1789. 36.
W.
Wines, additional duties proposed on, 22.
imported and consumed, quantity of, from 1790 to 1798, 241.Maxhandisc imported.
END OF T H E F I R S T VOLVME.
@FedFRASER