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T A B L E O F C O N T E N T S k k * M r . H a m i l t o n on Public C r e d i t by M r . H a m i l t o n on a National B a n k by M r . H a m i l t o n on M a n u f a c t u r e s by M r . H a m i l t o n on Establishing a Mintt by by M r . H a m i l t o n on Public C r e d i t by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the F i n a n c e s by M r . Gallatin on the F i n a n c e * by M r . Gallatin on the F i n a n c e s Report by M r . Gallatin on the F i n a n c e s * ^ R e p o r t by M r . Gallatin on the F i n a n c e s Report by M r . Gallatin on the F i n a n c e s R e p o r t by M r . Gallatin on the F i n a n c e s " ^ R e p o r t by M r . G a l l a t i n on the F i n a n c e s ^ R e p o r t by M r . Gallatin on the F i n a n c e ? Fag<?. ^Report J ^ Report J. Report ^^Report ^wieport ^Report Report 'J IT7 Report -}• Report ^Report V, Report - January, 17.90 - December, December, May, 1790 1791 1791 54 78 133 - January, - December, December, October, 1795 1801 1802 157 216 1303 November, December, 1804 1305 December, November, 1806 - - - - December, June, - December, - December, November, - - R e p o r t by M r . Gallatin on the F i n a n c e s - . . R e p o r t by W i l l i a m J o n e s , ( A c t i n g Secretary the F i u a n c e s P^ Report by W i l l i a m Jones, ( A c t i n g Secretary the F i n a n c e s ° R e p o r t by G. W . Campbell on the F i n a n c e s <0 VOL. I.—1 CM - December, June, 1807 1808 1809 1S09 1810 1811 1812 December, 1813 1813 December, 1814 3 252 262 285 297 331 35G 373 391 398 421 443 468 488 499 523 REPORTS OF THE 262 [1803. REPORT ON THE FINANCES. OCTOBER, 1803. In obedience to the directions of the act supplementary to the act entitled "An net to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report and estimates. The annual nett proceeds of the duties on merchandise and tonnage had, in former reports, been estimated at nine million five hundred thousand dollars. That estimated revenue, predicated on the importations of the years immediately preceding the late European war, and on the ascertained ratio of increase of the population of the United States, appears, from the experience of the last two years, to have been underrated. The nett revenue arising from that source, which accrued during the year 1802, exceeds ten million one hundred thousand dollars. The revenue, which has accrued during the first two quarters of the present year appears, from the best estimate that can now be formed, to have been only fifty thousand dollars less than that of the two corresponding quarters of the year 1802; and the receipts into the Treasury, on account of the same duties, during the year ending the 30th of September last, have exceeded ten million six hundred thousand dollars. Those facts afford satisfactory evidence that the wealth of the United States increases in a still greater ratio than their population, and induce a belief that this branch of the public revenue may now be safely calculated at ten millions of dollars. From the statement (A,) it will appear that the same revenue for the last two years of the late European war, (1800 and 1801,) calculated at the present rate of duties, averaged 11,600,000 dollars a year; but although it might, with some degree of probability, be supposed that the r e n e w a l of hostilities will again produce a similar increase, no inference from that period is drawn in this report, in relation to the revenue of the ensuing years. The statement (B) shows the several species of merchandise on which the duties on importations were collected, during the year 1802, the portion of that revenue which was derived from drawbacks, and that which arose from the extra duty on merchandise imported in foreign vessels. Although the sales of the public lands, during the year ending on the 30th day of September last, were jiffected by the situation of the western country, two hundred thousand acres have been sold during that period; and as it appears by the statement (C,) that, independent of future sales, the sums already paid to the receivers, together with those which, exclusively of interest, fall due during the three ensuing years, amount to 1,250,000 dollars, the annual revenue arising from the proceeds of those sales cannot be estimated at less than four hundred thousand dollars. The extension of post roads, and the acceleration of the mail, whilst diffusing and increasing the benefits of the institution, have, as an o b j e c t ot revenue rendered it less productive. The receipts from that source have amounted, during last year, to 27,000 dollars; but, as neither these, nor 1803. J SECRETARY OF THE TREASURY. 263 those arising from some other smaller incidental branches, are of sufficient importance to affect any general result, the whole existing revenue of the United Suites will be computed at only ten million four hundred thousand dollars. The permanent annual expenses of Government, which, under existing laws, must be defrayed out of that revenue, amount to nine million eight hundred thousand dollars, to wit: 1st. The annual appropriation of 7,300,000 dollars, for the payment of the principal and interest of the debt; of which about three millions and a half are at present applicable to the discharge of the priucipal,and the residue to the payment of interest - $7,300,000 2d. The current expenses of Government, which, according to the estimates for the year 1804, consist of the following items, viz: For the civil department, and all domestic expenses of a civil nature $791,000 For expenses attending the intercourse with foreign nations, including the permanent appropriation for Algiers, and all other expeuses relative to the Barbary powers 184,000 For the military and Indian d^partm^nt - S75,000 For the naval establishment, calculated on the supposition that two frigates and four smaller vessels shall be kept in commission - 650,000 2,500,000 And deducted from the permanent revenue of Leave a surplus revenue of six hundred thousand dollars applicable to other objects - 9.800,CC0 10,400,010 $600,000 The following extraordinary resources and demands, not being of a permanent nature, are not included in that calculation, to wit: The spec ie in the Treasury, which, on the 30th day of September last, amounted to - $5,S60,(!00 The arrears of the direct tax, estimated at . . . 250,000 The outstanding internal duties, amounting to near 400,004) And the sum which will be repaid to the United States, on account of advances heretofore made in England for the prosecution of claims, estimated at . . . . 150,000 $6,660,030 Constituting an aggregate of more than six million six hundred thousand dollars; which, after reserving the sum which it is necessary to keep in the Treasury, will be sufficient to discharge the demands due on account of the convention with Great Britain, and amounting to - $2,664,000 Sundry extraordinary expenses in relation to the conventions with France and Great Britain, estimated at 100,000 264 [1S03. REPORTS OF THE T h e loan obtained from the State of Maryland for the city of Washington, amounting to $200,000 And also to pay two millions of dollars . . . 2,000,000 on account of the purchase of Louisiana; being the same sum which was reserved for the purposes contemplated by the law $4,964,000 of the last session, appropriating that amount for the extraordi-nary expenses attending the intercourse with foreign nat ons. It appears by the estimate D, that during the year ending on the 30th September last, the payments from the Treasury, on account of the public debt, have amounted to - §3,0%,700 Which, together with the increase of specie in the Treasury, during the same period, amounting to - 1,320,000 Makes an actual difference, in favor of the United States,of more than four million four hundred thousand dollars during that year - 4,416,700 The payments on account of the principal of the public debt, from the 1st day of April, 1801, to the 30th day of September, 1803, have amounted, as appears by the estimate (E) to - $9,924,004 The specie in the Treasury, on the 1st day of April, 1801, amounted to " - ' 81,794,000 And on the 30th day of September, 1803. to 5,860,000 Making an increase of 4.066,000 Those two items constitute an aggregate of - 13,990,004 From which, deducting the extraordinary resource arising from the sales of the bank shares, which produced - 1.287,606 Leaves for the amount of the true difference - - §12,702,404 in favor of the United States, for that period of two years and a half, a sum of twelve million seven hundred thousand dollars. From that view of the present situation of the financial concerns of the United States, it seems that the only question which requires consideration is, whether any additional revenues are wanted in order to provide for the new debt, which, if Congress shall pass the laws necessary to carry the treaty with France into effect, will result from the purchase of Louisiana. The sum which the United States may have to pay by virtue of that treaty, amounts to fifteen millions of dollars, and consists" of two items: 1st, 11,250,000 dollars payable to the Government of France, or to its assignees, in a stock bearing an interest of six per cent., payable in Europe, and the principal of which will be discharged at the Treasury of the United St«»<s, in four instalments, the first of which shall commence in the year lbl«; 3dly, a sum which cannot exceed, but may fall short of, 3,750,000 dollars, payable m specie at the Treasury of the United States, during the course of the ensuing year, to American citizens havinn- claims of a certain description on the Government of France. It has already been stated that two millions of dollars may be paid from the specie now in the Treasury, on account of the last item; and the wf o!e amount of the new debt which may eventually be created, cannot, there ore exceed Digitized for thirteen FRASER millions of dollars; the annual interest of which is equal to 1803. J SECRETARY OF THE TREASURY. 265 780.000 dollars; but, on account of commissions and variations of exchange, will be estimated at eight hundred thousand dollars. The existing surplus revenue of the United States will, as has been stated, be sufficient to discharge six hundred thousand dollars of that sum; and it is expected that the nett revenue collected at New Orleans will be equal to the remaining two hundred thousand dollars. That opinion rests on the supposition that Congress shall place that port on the same footing as those of the United States, so that the same duties shall be collected there, on the importation of foreign merchandise, as arc now, by law, levied in the United States; and that no duties shall be collected, either on the exportation of produce or merchandise, from New Orleans to any other place; nor on any articles imported in the United States from the ceded territories, or into those territories from the United States. The statements F, O, H, exhibit the annual exports and imports of the United States, to and from Florida and Louisiana, for the years 1799 to 1802; and the statement ( G ) particularly shows that the exportation from the Atlantic States to those colonies, of articles not of the growth, produce, or manufacture of the United States, amounted for the three years, 1799, 1800, and 1801, to 6,622,189 dollars, making an average of more than two million two hundred thousand dollars of foreign articles liable to pay duty, annually imported into Florida and Louisiana from the United States alone. It is ascertained that the exportation from the United States to Florida are so trifling, that that statement may be considered as applying solely to New Orleans; and it is also known that almost the whole of those importations were consumed within that colony; and that, during the war. the supplies from the United States constituted by far the greater part of its lmports. From thence it results, that the annual importations into the ceded territory, of articles destined for the consumption of its own inhabitants, and Which will, under the revenue laws of the United States, be liable to pay duty, may safely be estimated at two million five hundred thousand dollars; an amount which, at the present rate of duties, will yield a revenue of about 350.000 dollars. „ , r „ . From that revenue must be deducted 150,000 dollars, for the following items, viz: ^^ _. ,, 1st. The amount of duties on a quantity of sugar and indigo, equal to that which shall be imported from New Orleans to the United States, as those articles, beinc imported free from duty, will diminish by so much the revenue now collected in the seaports of the United States. The whole amount of sugar exported from New Orleans is less than 4,000,000 of pounds, and that of indi-o is stated at about 30,000 pounds. Supposing (which, on account of that exemption, is not improbable) that the whole of those articles should hereafter he exported to the United States, the loss to the revenue will be about 100,000 dollars. 2d. No increase of expense in the military establishment of the United States is contemplated on account of the acquisition of territory; but the expenses of the civil administration of the province, and those incident to the intercourse with the Indians, are estimated at 50,000 dollars ^leaving for the nett revenue derived from the province, and applicable to the payment of the interest of the new debt, 200,000 dollars, as above stated. The only provisions which, if that view of the subject be correct, appear necessary, and are respectfully submitted, are: 266 REPORTS OF THE [1803. 1st. In relation to the stock of 11,250,000 dollars, to be created in favor of the Government of France, or of its assignees. That that debt be made a charge on the sinking fund, directing the commissioners of the fund to apply so much of its proceeds as may be necessary for the payment of interest and reimbursement or redemption of the principal, in the same manner as, by the existing laws, they are directed to do in relation to the payment of interest and discharge of the principal of the debt now charged on that fund. That so much of the duties on merchandise and tonnage as will be equal to seven hundred thousand dollars, being the sum wanted to pay the interest of that new stock, be added to the annual permanent appropriation for the sinking fund, making, together with the existing appropriation, eight millions of dollars, annually applicable to the payment of the interest and principal of the public debt. And that the said annual sum of eight millions of dollars remain thus pledged, and be vested in the commissioners of the sinking fund, in trust for the said payments, until the whole of the existing debt of the United States and of the new stock shall have been reimbursed or redeemed. As a sura equal to the interest accruing on the new stock will thus be added to the sinking fund, the operation of that fund, as it relates to the extinguishment of the existing debt, will remain precisely on the same footing as lias been heretofore provided by Congress. The new debt will neither impede nor retard the payment of the principal of the old debt; and the fund will be sufficient, besides paying the interest on both, to discharge the principal of the old debt before the year 1818, and that of the new within one year and a half after that year. 2d. In relation to the Americau claims, the payment of which is assumed by the convention with France. That a sum not exceeding 3,750,000 dollars, inclusive of the two millions appropriated by a law of the last session of Congress, for defraying the extraordinary expenses incident to the intercourse with foreign nations, be appropriated for the payment of those claims, to be paid out of any moneys in the Treasury not otherwise appropriated. That, for the purpose of effecting the whole of that payment, the President of the United States be authorized to borrow a sum not exceeding 1,750,000 dollars, at an interest not exceeding six per cent, a year. And that so much of the proceeds of the duties on merchandise and tonnage as may be necessary, be appropriated for the payment of the interest, and for the reimbursement of the principal of the loan, \i hich may eventually be effected by virtue of the preceding provision. It is not proposed to charge that loan on the sinking fund, because its amount, in case it shall be effected, cannot at present be ascertained; and because it may, perhaps, under the then existing circumstances of the Treasury, be found more expedient not to borrow the money, and, in lieu of it, to pay out of the sinking fund the whole, or a part, of the two last instalments payable by virtue of the convention with Great Britain, as authorized by the act making provision for the payment of the whole of the public debt. It is evident that the possibility of thus providing for the payment of the interest of a new debt of thirteen millions of dollars, without either recurring to new taxes, or interfering with the provisions heretofore made for the payment of the existing debt, depends on the correctness of the estimate of the public revenue which has been submitted. Although it is not without 1803. J SECRETARY OF THE TREASURY. 267 diffidence thai the hope of such a favorable result is entertained, some reliance is placed on the sftliditv of the basis on which the estimate is grounded. It rests principally on the expectation that the revenue of the ensuing year shall not be less than that which accrued during the year 1802. No part of it depends on the probable increase which may result from the neutrality of the United States during the continuance of the war in Europe, nor even on the progressive augmentation, which, from past experience, may naturally be expected to arise from the gradual increase of population and wealth. Nor has that effect been taken in consideration, which the uninterrupted free navigation of the Mississippi, and the acquisition of New Orleans, may have, either on the sales of the public lands, or on the general resources of the inhabitants of the western States. All which is respectfully submitted. ALBERT GALLATIN, Secretary of the Treasury. TREASURY DEPARTMENT, October 25, 1803. rc § o f ^ I ^ V o ^ J ^ J t ^ Z d ^ tion, d j „ g e o M ' 0 J Z'gZrsTm'Wo!,' d "o'r Duties on $1<;,0!>3 ( 779 77 2 0 , 5 9 4 , 3 3 1 18 1 4 , 7 4 1 , 5 6 6 95 Tonnage. 8 1 4 3 , 5 2 3 71 188,117 79 100,421 70 l M ' " " ^ Debentures issued. Years. Merchandise. W <»<">«•>,""d tonnage; of denture, aU °»an™ ' «>"'M Bounties and allowances. Gross revenue. Expenses on collection. issued "felloe- Netl revenue. P u r p o r t s and clearances. 8 1 4 , 8 0 4 00 1H,23H 00 13,862 00 $ 5 , 2 4 9 , 2 8 2 00 7 , 8 1 9 , 0 9 3 00 4.197.-J56 00 810,806,616 82 8106,178 G4> 103,107 30 133,978 07 14,878,516 97 e 10,584,619 58 $ 4 4 0 , 3 7 3 03 182,772 70 184,018 06 8 1 0 , 3 6 6 , 2 7 3 20 18,395,744 27 10,100,601 52 50 W o -3 • 7 UCUUCWIIL' ur ! 1800 » 8 ? at the present rates of duty, would have keen 1 en per cent, extra duty . T o n n a g e and passport* Gross revenue Deduct expenses ou collection Nett revenue at present rate of duties 753 03 I 206,975 61 11,097,728 64 158,327 71 4 03 W . duly r w U,. 8256,621 72 ,801, „ „ c. Grow revenue for the year 1802 Deduct interest and storage Gross revenue, per statement B - 10,581.619 58 13,556 95 - 10,571,062 63 o n a 11,256,056 35 440,373 62 10,815,683 73 I 1803. J SECRETARY OF THE TREASURY. 269 S T A T E M E N T A—Continued. A 'STATEMENT of the amount of American and foreign tonnage respectively employed, in foreign trade, for each of the years 18(H), 1S01, and 1802, as taken from the records of the Treasury. Years. American tonnage in foreign trade. 682,871 849,302 787,301 TREASURY Tons. Tons. Tons. 1800 1801 1802 Proportion of foreign tonnage to Foreign tonnage. Total amount of tonthe whole am't nage employed in of tonnage emthe foreign trade of , ployed in the the United Sta&s. foreign trade of the Un'd States. 123,882 158.365 143.366 806,753 1,007,667 930,667 15.4 to 100 15.7 to 100 15.4 to 100 DEPARTMENT, Raster's Office, October 24, 1803. JOSEPH NOURSE, Register. 270 REPORTS OF THE [1803. B. A STATEMENT exhibiting the value and quantities, respectively, of merchandise, on which duties actually accrued, during the year 1802, (consisting of the difference between articles paying duty, im ported, and those entitled to drawback, re-exported,) and, also, of the nett revenue which accrued during that year from dutits on merchandise, tonnage, passports, a/icf clearances. Goods paying duties ad valorem, viz: §23,377,717 at 12$ percent. 7,888,614 15 do. 439,830 20 do. 31,706,161 a Spirits, 7,720,232 galls, at 6 Sugar, 39,443,814 lbs. Salt, 3,244,309 bush. c Wines, 1,912,274 galls. d Teas, 2,406,938 lbs. Coffee, 6,724.220 lbs. Molasses, 6,317,969 galls. e All other articles $2,922,214 62 1,183,292 10 87,966 00 4,193,472 72 29.2 cts. av. 2,263,496 17 2.\ do. 975,755 61 20 648,861 80 33.9 a v. 683,816 72 15.9 a v. 382,699 00 5 336,211 00 5 315,898 45 - 286,533 00 Deduct amount of duties refunded 10,076,744 47 13,331 99 / Three and a half per cent, retained on drawbacks Extra duty of 10 per cent, on merchandise imported in foreign vessels Nett amount of duties on merchandise Duties on tonnage Duties on passports and clearances - - Gross revenue, per statement A g Sundry accounts, not yet received, estimated Deduct expenses of collection Nett revenue * - 10,063,412 4S 153,275 45 180,088 «!0 10.396,775 93 160.424 70 13^862 (JO 10.571,062 63 ' 30,000 00 10,601,062 63 484,018 06 10,117,044 57 1803. J SECRETARY OF THE TREASURY. Explanatory Statements and 271 \otes. (a) Spirits, viz. 648,624 galls, at 28 cts From grain, 1st proof 29 108.909 2d do. 5.670 3d do. 31 57,914 4th do. 34 1.389 5th do. 40 5,696 6th do. 50 Other materials, 1st & 2d p'f. 1,26S,436 25 2S 3d proof - 3,070,480 2,957,373 32 4th do. 52,199 38 5th do. 1,19S 46 6th do. - $181,614 31,583 1,757 19,690 555 2,848 317.109 859,734 946,359 19.835 551 72 61 70 76 60 00 00 40 36 62 08 Imported Exported - 8,177,888 457,656 duties do. 2,381,639 85 128,143 68 Consumed - 7,720,232 do. 2,253,496 17 (b) Sugar, brown - 41,511,762 lbs. at 2^ cts. $1,037,794 05 62,038 44 Deduct excess of white exported 2,067,948 3 39,443,814 (c) Wines, viz. Madeira, 1st quality Madeira, 2d quality Sherry and St. Lucar Oporto and Lisbon Burgundy & Champagne Teneriffe } Fayal,and Malaga Other in bottles Other in casks Gallons (d) Teas, viz. Bohea Souchong . Hyson Other green lbs. $975,755 61 172,273 at 64,271 639,960 275,234 3,952 5S cts. 50 40 30 45 $99,918 32.135 255,984 82,570 1,778 624,856 51,443 80,285 28 35 23 174,959 68 18,005 05 18,465 55 34 50 00 20 40 - 1,912,274 duties $6S3,816 72 - 1,413,268 at - 138,860 - 142,917 - 711,893 12 cts. 18 32 20 8169,592 24,994 45,733 142,378 - 2,406,938 duties - 16 80 44 60 $382,699 00 Explanatory Statements and Notes—Continued. Quantities. (0 Beer, ale, porter, &c. Cocoa Chocolate Candles, tallow wax Cheese Soap P'pper Pimento Tobacco Snuff Loaf sugar Indigo <U ion Nails and spikes Lead Steel Hemp Cables and tarred cordage UnmrTed cordate T w i n e and packthread Glauber salts Coal Boots Shoes, silk all other Wool cards Playing do. All other articles. Excess of im- Excess of exportation over portation over exportation. importation. #18-2,573 145,839 5,301 _ 1,55-2 90,199 cents $32,534 - 1*24,309 4)1,585 •211,871 •203.K68 3,-149 10,009 144,638 3 , 3 9 9 , <>36 1,259,397 11,326 89,720 8,779 1,046 1,586 863 445,417 4,356 8,685 136,717 965 - Rate of duty. m - m 11,191 8 9 3 9 6 7 9 0 4 10 •22 9 25 3 9 1 100 100 ISO $25 400 •200 5 75 25 15 50 •25 Excess of duties over drawbacks. Excess of drawbacks over duties. $14,006 •2,!»lti 159 $651 2,486 5d W O 17,132 O "1 93 6,314 19,095 H.475 20.3H6 759 901 4,339 67,h53 19,524 11,396 89,720 15,790 9,354 6,314 1,796 99,271 3,269 9,921 18,008 133 H - 2,780 £5309,5H2 — 893,049• 8280,633 I / 3f per cent, w a s retained during the first six month* o f the year, } per cent, of which was in lieu of stamp duties, and ceased wit h the internal taxes, but is blended in the statement with the duties collected. g T h e 'wo following collectors' accounts, ( w h o are out of office,) have not been received, v i z : Marblehead, from the 1st April to 11th September, i , , , Wilmington, North Carolina, from the 1st January to the 31st March, J e < U m a , e t l a t And the accounu for Natch**, f r w i n the 1st July to 31st Decembjr, not included • Deduct the following accounts for 18Ut. included in statement, viz: Penobscot, from 1st October to 23<t D u m b e r Marblehead, from 1st July to 31st D e c e u u * r . . . . . . . . . . . . . . . CO TREASURY SS KJ DEPARTMENT, Register's Office, October 24,1803. JOSEPH NOUKSE, Register. o -3 w M > to Q to c. STA 1802, | receivers, RECEIPTS BV RECEIVERS TROM INDIVIDUALS. LANDS SOLD. DISTRICTS. Quantity. Marietta, (Vom 1st Oct. 1802, to July 1,1803 Bteubenville OhiUicothe Cincinnati In the hand> of receivers Purchase October 1, 1S03. money. Acres, htks. Dolls, 9,836 79,131 34,36* 83,764 37 5 , 6 5 3 55 158,343 47 68,736 35 165,528 as Dolls. Due by individuals October 1, On acc"tof On acc'i I purchase. ofsurv'g a 5 1803. fees. a u <<2. Cts. DoUs. 9,796 74 107 87 10 83,237 86 380,120 91 49,983 07* 272,672 501 65,736 55 377,639 s Si Cts. Dolls. Cts. Dols.Cts 43 1,986 06 32{ 25 131,519 73 76* , 19,901 41 09 1,005 81 73,529 Pel, PAYMENTS BT RECEIVERS. Into the Trouuiy. BAI.ANCE DUE OCTOBER 1, 1H03. Co«'»ni.v By individ»fons and uals. expenses. Total balance due October 1, 1803. By receivers. g © Cts. Dolls. Cts. Dolls. Dolls. 107 V> 47 00 7o 56,611 16,831 00 62 105 103,194 1 08 20 16 1.4G0 954 87* 870 07 51 1,100 63 13,463 416,843 391, H I 370,638 Cts. Dolls. Cts. Dolls. 001 2,074 65 62 110,393 894 63 8I.H83 54 93 36,081 384 15,537 557,236 373.32H 406,720 as. 654 514 16 324 3 , 4 3 3 73J 1,092,390 17» 360,432 47 1,352,822 654 199,080 Gi 398,161 2K 198,355 35* 910,938 4 7 | •J4J.999 5* 9 , 1 5 0 62 w L 175,774 77* Paid into the T r e a m r y , in stock, t . a v e r t e d lo t he comnuvMoners o f t h e sinking fund p«i.l inin IK« Tirtititn- >n <necie k>30th Jone, 1803, by warrants un the receivers - Amoont per quarter-yearly «»at«nu nt of receipts and «penditure» PaymentUy r e c n v e i * o be covered by warrants : Deduct me—y* P*»d - £8,134 63 8126,874 37 - to the Treasurer of the United States t o t yet Mated in the accounts of receiver" . - t47,<>£l 31 3 0 , 5 6 8 63 i 185,735 5 7 | 9,960 80 175,774 774 CZJ O H S PI S T A T E M E N T C— Continued. ESTIMATE showing when the instalments which compose the balance due by individuals Remaining due for 1803. DurrmcTO- Becoming due in 1801. Becoming due in 1805. will become payable. Bcroming due in 180/. Becoming due in 1H06. Total. CO Marietta Steubenville Chillicothe Cincinnati . . . . . . . . . . . . . . . . . . . . S I , 6 8 1 Oli ~;5,1H7~48 2 3 , 3 1 9 86 84,162 138,15H 107,035 125,019 94 40 01 98 M.'KH n;i .1*7 •;:> 124,821 65 146,831 891 82,244 89,968 30,021 60,288 8773 27,538 14,375 15,149 26 75 98 10 813,463 416,843 291,444 370,638 001 f.2 68 93 a o pa H 40,218 35| 374,376 33 437,445 85 182,513 09 57,836 55 Total sales of land, from the opening of the land offices, to 30th September, F r o m the opening of the land offices to 1st of November, 1801 F r o m 1st ol" November, 1801, to 1st of November, 1802 Amount as above stated . . . . . Deduct sales in October, 1802, included in statement for 1802 199,080 18,012 64 21 Total acres TREASURY 134 82 50 094 1 , 0 9 2 , 3 9 0 17| W so Kj O •TJ 1803. ss Acres. Ad/As. .198,646 45 340,009 77 S H pa 181,068 43 919,724 66 DEPARTMENT, Register's Office, October 22, 1803. JOSEPH NOURSE, Register. I REPORTS OF THE 876 [1803. D. AN ESTIMATE of the principal redeemed of the debt of the United States, from 1st of October, 1802, to 30/A September, 1803. ON ACCOUNT OF T H E DOMESTIC D E B T . The amount of warrants issued on the Treasurer of the United States during that f period, according to the quarter-yearly statement of receipts and expenditures, exclusive of $2,047 T y, repaid into the Treasury, was - 84,006,352 35 Deduct interest, which accrued during the same period, calculated quarter-yearly - 3.399,555 33 Leaves the amount of principal discharged Payments were made into the Treasury, in certificates of the debt of the United States, for lands purchased Payments were made to foreign officers, and of certain parts of the domestic debt - 1.206,797 02 5,343 17 32,868 22 ON ACCOUNT OF T H E FOREIGN D E B T . The amount of warrants issued on the Treasurer, exclusive of $ 1 0 8 , 3 1 9 ^ repaid into the Treasury, including §5,502, received for damages on bills protested, was §2,278,977 16 Deduct interest one year $400,100 00 Commissions, at 1 per cent. 4,001 00 And the difference between 41 cents per guilder, and 40. the par. on 2,868,588 7 6 - 28,6S5 88 Deduct damages received - 432,786 88 5,502 00 427,284 88 1,851,692 28 Amounting to TREASURY - . . . $3,096,700^ DEPARTMENT, Register's Office, October 22, 1803. JOSEPH NOURSE, Register. 1803. J SECRETARY OF THE TREASURY. 277 * IN ESTIMATE of the principal redeemed of the debt of the United States, from (he 1st April, 1801, to the 30th September, 1803. ON ACCOUNT OF T H E DOMESTIC D E B T . The payments from the Treasury of the United States were as follows: From 1st April, 1801, to the 31st December following - $3,613,378 65 From 1st January, 1802, to 31st December following 4,618,021 39 From 1st January, 1803, to 30th September following 3,033,828 /6 11,265,228 80 Deduct interest which accrued during the above periods, viz: From 1st April, 1801, to 3lst December following - $2,633,636 70 From 1st January, 1802, to 31st December following - 3,451,696 97 From 1st January, 1S03, to 30th September following - 2,538,378 91 Total interest which accrued, calculated on the real amount of principal, at the several rates of interest Paid on account of principal Whereof: From 1st April, 1801, to 31st December following From 1st January, 1802, to 31st Decernber following ' From 1st January, 1803, to 30th Septembcr following ' As above, - JQ $2,641,516 22 n_ 979,741 9D 1,166,324 42 49j >°49 80 $2,641,516_g Payments made in certificates of the debt of the United States, on account of lands purchased: From 1st April, 1801, to 31st December _Q following $23,816 58 From 1st January, 1802, to 31st Decernlj ber following * >; 5 1 8 4 y From 1st January, 1803, to 30th September following ^ 27S REPORTS OF THE Payments to foreign officers, and for certain parts of domestic debt: From 1st April, 1801, to 31st December following . . . . S18,285 From 1st January, 1802, to 31st December following ' 22,961 From 1st January, 1803, to 30th September following 19,026 Payments on account of domestic loans: From 1st April, 1801, to 31st December following . . . . From 1st January, 1802, to 31st December following . . . the 66 76 21 700,000 1,290,000 Payments on account of the Dutch debt: From 1st April, 1801, to 31st December following . . . . 1,306,726 59 From 1st January, 1802, to 31st December following . . . 3,240,399 25 From 1st January, 1803, to 30th September following . 1,819,386 73 Interest and commissions, viz.: From 1st April, 1801, to 31st December following, Guilders 616,352 10 $246,541 From 1st January, 1802, to 31st December following, 1,156,827 10 462,731 From 1st January, 1803, to 30th September following, 917,080 = 366,832 1,076,104 To which add, the difference between 41 cts. per guilder, and 40, the par, on 6,689,779 3 14 66,897 79 Deduct therefrom the difference between 39 and 40 cents per guilder, on 890,364— 8.903 64 57,994 15 $6,366,512 57 . J J , 1,134,098 15 Damages received, deduct 11,910 78 Leaves the total to be deducted for interest and commissions . . 1,122,187 37 $5,244,325 20 279 SECRETARY OF THE TREASURY. 1803. J Deduct also certain bills of exchange returned under protcstfor non-payment, and in a way of recovery, but which not being applied. is deducted, Guilders MO,000. cost $56,000 00 5,188,325 20 Amounting to TREASURY $9,924,004 71 DEPARTMENT, Register's Office. October 22, 1803. JOSEPH NOURSE, Register. Note to Statement E. From the amount of debt redeemed from the 1st April, 1801, to the 30th September 1803. amounting as per this statement to Deducting the amount redeemed from 1st October, 1802, to 30th September 1803, amounting, as per statement D, to - - - $9,924.004 71 - o n o r r n n aq d,ujo,/uu ov Leaves the amount redeemed, from 1st April, 1S01, to 30th September, 1802 The Secretary of the Treasury, in his report of the 16th December, 1802, states the amount redeemed during the same period, exclusively of 1,287,600 dollars bank debt, discharged out of the proceeds of bank shares, at * , -$5,339,886 44 To which, adding the amount of bank debt thus discharged - - - 1,287,600 0 0 Makes an aggregate of - - Making a difference between this statement and that of the Secretary Arising as follows, viz: L The Secretary, in his report of December 18th, 1S01, did not include the following items of debt, discharged between the 1st April, and 30th September, 1801, to wit: 1. Payments to foreign officers, and on account of certain parts of the domestic debt ' , 1 2. Payment on account of the principal ol the domestic debt, by the reimbursement of 3 per cent, on the nominal amount of the six per cent, and deferred stocks 6,S27,304 02 6,627,486 44 lMfi1. _199,817^58 17,752 23 142 >271 28 280 REPORTS OF THE Which payment was exclusively of that to the trustees of the sinking fund, of §129,048 83, stated by the Secretary in his report. 3. Payment on account of the foreign debt, arising from his having estimated the interest accruing during these six months, at one-half of that for the calendar year, viz: - 8245 9S0 50 Whilst the real interest accruing during said six months was - - - 209,272 00 $36,708 50 II. The Secretary, in his report of 16th December, 1802, 1st, estimates the interest accrued on the domestic debt, from 1st October, 1801, to 30th September, 1802, at 3,470,259 75 By the Register's calculation, it amounted to 3.464,706 29 2. He estimated the deduction on account of rate of exchange and bills in suit, at less than it really was III. The Register hasinserted in the amount of this estimate for a debt due to the United States, paid in stock - 5,553 46 2,619 22 1803.] SECRETARY OF THE 281 TREASURY. F. IMPORTS from Floridas and Louisiana for the years ending on the 30/A of September, 1799, 1S00, 1801, and 1802. im Species of merchandise. 1800. 26,631 Valueof goods,ad. val. dolls 60,729 8,306 Do. wines do. Madeira,Sherry,Ax. galls. 6,748 2,527 All other wines do. 240 Spirits from grain do. 29,743 Do. other materials do. ~ 34 Do. domestic produce do. 42,579 8,778 Molasses do. Beer, ale, and porter do. Teas pounds. 6 12,011 Coffee do. 4 Chocolate do. Sugar, brown do. 751,512 1,560^849 22,030 16 Do. white clayed do. l)o. lump do. Do. candy and loaf do. Candles, tallow do. Do. wax do. Cheese do. Soap do. Pepper do. 262 Pimento do. 752 181 Tobacco (say scgars) do. 4,504 Snuff do. 136,257 65,016 Indigo do. Cotton do. 842,200 ; 1,615,265 Nails do. 135 Lead do. Cordage, tarred - cwt. 53 25 Do. nn tarred do. Twine and packthread do. Salts, Glauber do. Salt . pounds. 5,370 4,232 Do. . bushels. Coal do. 1 Boots . - pairs. Shoes do. Cards, wool and cotton, doz. j Do. playing - packs. Total value, dollars TREASURY - 507,132 904,322 1801. 1802. 43,262 76,268 1,463 1,971 122 9,615 1,753 5.360 1,099 9,044 448 1,013 6.561 30,622 150 957,169 7,623 2.231 596 897 35,051 611 1,137 100,934 1,170 1,567,117 9,134 474 208 614 5 65 10,862 1,454 2.193 1.878 21 60,062 1.921.528 2,330 208.427 2^828 82 f,243 5 47.740 2,288,945 242^928 1 176,286 4,421 548 7 18 143,687 2,733 306 1 148 78 595 956,635 1,006,214 DEPARTMENT, Registers * Office, October 24, 1803. U ' J O S E P H NOURSE, Register. VALUE ofthe exports of foreign and domestic produce to Floridas and Louisiana from the Atlantic State3,for years ending on the 30th of September, 1799, 1800, 1801, and 1802. Massachusetts New Vork Pennsylvania Delaware Maryland Virginia North Carolina South Carolina Georgia TREASURY DEPARTMENT, Domestic. Foreign. Domestic. Foreign. $74,630 2,188,038 221,635 6,240 216,165 96,961 §5,767 357,101 25,933 6,502 10,928 $19,482 $13,992 928,085 125,662 49,096 404.806 4,561 29,065 15,657 193,258 4,067 61,903 2,174 14,235 158^528 11,218 244^449 8,150 1,813 31,253 8,527 3,056,268 447,824 1,795,127 Registries Office, October 24, 1803. 180-2 1801. 1800. 17J9 240,662 Domestic. Foreign. the $215,686 $38,990 33,132 649,477 33.335 496,064 1,546 9,001 6,947 224,389 ~176 176,001 1,207 23,047 1,770,794 137,204 JOSEPH Foreign. Domestic. $222,768 449,519 200,178 5,006 93,998 $17,819 50,267 19,546 1,772 12,317 1,711 68,338 14,793 14,124 22,554 1,034,600 170,110 KOURSE, Register. 1803] 283 SECRETARY OF THE TREASURY. H. EXPORTS to Florida* and Louisiana, for the years ending on the 30//i September, 1799, 1800. 1801, and 1802. Specie* of merchandise. Ashes, pot Appl-s Beer, porter, and cider Dodo. do. • Beef Biscuit, or ship bread Biscuit Barley Bran and shorts Beans Butter Boots Bricks Corn, Indian Cheese Coffee Chocolatc Cotton Candles, wax Do. spermaceti Do. tallow Cables and cordagc Cards, wool and cotton Do. playing Copper and brass, manufactured Coaches and other carriages Flour Fish, dried • Do pickled Do. do. Furniture, household Flaxseed Flax Gunpowder Hats Hams and bacon Hair powder Hemp Horned cattle Horses Hogs Iron, pis Do. tar Do. casting* Do manufactured Lard Leather Lead Meal, Indian Mustard Medicinal drugs Merchandise Oil, linseed Do. spermaceti Do. whale, &c Oats . Peas Pork Pitch - 1801. 20 tons 2,301 3,240 2,881 barrels 7,924 7,115 23,912 gallons 1,019 320 2,429 dozens 59 726 956 barrels 12 240 80 do. 175 2,305 kegs 21 bushels 5 10 do. 120 10 do. ~334 26,766 28,998 pounds 60,056 43 716 pairs 288 24,000 22,439 number 2,235 9,961 bushels 2^690 43,678 27,343 pounds 51,153 85,737 70,491 do. 2,652 5,318 300 do. 400 1,836,144 do. 14,9% do. 4~500 3,394 do. 1,782 9,605 50,024 do. 94,970 38,836 1,316 cwt. 1,212 76 dozens 28 528 packs dollnrs 57267 4^300 1,238 do. 1,276 6,908 76,853 barrels 4,356 10,703 335 quintals 943 1,315 28 Darrels 150 580 578 kegs 94 998 4,835 dollars 5,893 10,714 bushels pounds do. 358 dollars 1,778 9,484 16,460 pounds 89,641 27,232 44,082 do. 520 2,560 9.906 cwt. 366 number do. do. tons 20 do. 4 10 158 dollars 2,650 2,477 973 do. 26,429 43,551 40,205 pounds 17,690 37,744 89,199 do. 2,100 3,197 4,024 do. 67,930 824 bushels 524 "578 75 pounds 56 dollars 4,904 do. 2,614,045 1,525,024 1,681,592 gallons 520 15 do. 960 do. 638 876 3,810 bushels do. 6 189 227 barrels 1,238 819 492 do. 12 [1803. REPORTS OF THE 284 STATEMENT II—Continued. Potatoes . . . . Rice Rosin . . . . Spices, pepper . . . Do. ' pimento . . . Do. all other . . . Spirits, foreign . . . Do. domestic from foreign Do. do. from domestic Shoes and slippers Skins and furs, value Saddlery Starch . . . Soap . . . . Sugar, brown and other clayed Do. refined . . . Salt, Snuff Tobacco, manufactu red Do. unmanufactured • Tallow . . . . Tar Turpentine Do. spirits ol Tea, Bohea Do. Souchong, &c. Do. Hvson Do. other green . . . Wax W i n e s , Madeira . . . Do. all other . . . Do. bottled Wood, staves and headings Do. shingles . . . Do. hoops and poles » Do. boards, plank, &c. Do. all manufactures of - bushels tierces barrels pounds do. dollars gallons do. do. pairs dollars do. pounds do. do. do. bushels pounds do. hogsheads pounds barrels do. - gallons pounds do. do. do. do. gallons da dozens - number ,j0> do. feet dollars Total value, dollars TREASURY 1800. i m Species of merchandise. 2,805 1,499 20 29,132 70 1,200 78,140 3.i2 321 2,229 loO 115 5,520 111 ,684 4,996 1,993 42,287 56 351 68 1,050 2,100 3,850 1,478 75 16,627 7 , 2 9 f. 3l3,fil5 7,831 121,850 14,000 83,600 432,805 4,938 1801. 909 301 406 231 4~5I1 26 11,588 43,294 5,209 2,231 3,394 23,489 715 217,530 3,996 350 9,752 19 500 50 2,231 553 8,664 737 2,911 919 216,975 5,559 99,359 6 18~631 6,099 3,547 20,635 3, K',2 3,429 71,493 11,833 300 1,825 7l"[892 1,086 949 7,552 200 4,998 542 95,516 1,559 4,500 6,000 23,445 874,642 1,424 69,000 953 3,504,092 2,035,789 3,032,840 DEPARTMENT, Register's Office, October 24, 1803. JOSEPH NOURSE, Register. I N D E X . A. Agriculture, the effect of funding the public debt on, 6. productiveness of, contrasted with manufactures, 78. promoted by manufactures, 88, 92, 104. Alloy, proportion of, used in gold and silver coinage, 135, 141. Why it is used in coinage, 142. Annuity proposed, as a plan for funding the public debt, 17, 43, 99. Army expenses of 1802, estimated, 222. of 1803, do 253. of 1804, do 263. of 1805, do 286. of 1806, do 298. from 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 amount, and bow composed, 72. the United States may be a stockholder, 75. Bank of the United States, a renewal of the charter of; recommended, 3o9. Bank shares, dividends on, in 1901, 221. sold, 254. proceeds of, 317. Banks, benefits resulting from, 55, 97. number of, in the United States in 1790, 65. objections to, considered, 57. stock of, how composed, 59. favor the increase of the precious metals, 61. tend to lower the rate of interest, 67. • _ Bounties considered as a mean of encouraging manufactures, 110, 1.J0. C. Claims of American citizens against Prance, amount of, assumed and paid, 264, 2C6, 288. Coffee, additional duty on, proposed, 22. imported and consumed from 1790 to 1798, quantity of, 241.—See Merchandise imported Coins, foreign, comparative value of, 135. 142. circulation of, to be prohibited, 155. Coins of the United States, of what to be compow>d,tind 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 lures, 90, 104. how affected by the French and British decrees, 376. Compensation of officers ot Government in 1790,45. Connecticut, claim of, in 1789, 35. Creditors of the United States, not expedient to discriminate between the classes of the, 7. Credit.—See Public Credit. Customs, where paid, and the amount, from 1st April, 1801, to 31st Marcn, 1805, 319. , - it ^nvds Debt, amount of interert on the domestic, from 1776 to 1791, 33. Debt.—See Public Debt. Debts due to States, to be assumed by the United States, 10, 28. suppositious account of the, 30. statement of the, 35. provision for liquidating, 164. Direct taxes, collected in 1801, 221. arrears of, in 1803, 263. receipts from, in 1801 to 1805, 317. receipts from, in 1814, 524, 526. an increase of the. recommended, 531.—See Revenue, *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, tariff of, proposed to be modified, 218,227. cost of collecting the, 218, 227. an increase of, proposed, 219,242, 378, 401, 424,448. Duties on imports and tonnage, estimated for 1790, 53. ^ for 1795,170. Duties.—See Internal Duties, Protecting Duties, Imports, Merchandise. Dutch debt, created in 1790, 166. amount of, in 1794, 206. amount of, in 1802, 225. instalments payable to 1809, 250. difficulties in remitting instalments of the, 254, amount of the, in 1803,276. R Embargo, its effects upon the revenue considered, 377, 503. Estimates of receipts and expenditures for 1791, 45, 53. 1795,170,18o,2l4. 1801-2, 222. 1802-3, 253. 180a-4. 263. 1804-5, 286. 1805-6, 298. 1806-7, 331. 1807-8, 357. 1808-9, 375. 1809-10, 399. 1810-11, 422. 1811-12,444,448. 1812-13, 469. 1813-14,488, 500. 1814-15, 526, 530. Exemption of nujeriajs materials ^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, 1802, 1803, 1804, 1805, 1806, 1807, H08, 1809; 21b. 252. 262. 285. 297. 331. 356. 373. (June,) 391. 556 INDEX. Finances, state of the, in 1809, (December.) 398. 1810, 421. 1811, 443. 1812,468. 1813, (June,) 48$. 1813,; December,) 499. 1814, 523. Fisheries, benefited by manufactures, 107. Florida, imports and exports to and from, for tho years 1799 to ISO2.20a, 281 to 284. Foreign intercourse, expenses of, from 1801 lo 1805, 325 — See Receipts and Expenditures. Foreign officers, provision made in 1792, for paying certain, 166. France, claims against, assumed by the United Stales, and paid, 264 6,288. Frauds on the revenue, how prevented, 23. Funding system established in 1790, 165. G. Gold and silver, amount of, increased by establishing banks, 55. proportion of, in the United Stales, in 1790, estimated, 141. 1. Imported articles, nnd 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 States from 1790 to duties accrued on, from Octobcr 1800, lo October 1802, 259, 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, lbuo, o —See Revenue. Internal duties created in 1794,159. Internal duties, receipts from in 1800, 218, 243. cost of collection, 219. receipts from, in 1801 to 1805,317. outstanding, amount of in 1803, 263 proposed to be increased, 531.—See R»v*nvr . Internal improvements, surplus revenue maybe applied to, 359. Inventions and discoveries promote manufactures, 114. INDEX. 557 L. I^ands.—See Public Lands. Laws creating revenue, and providing for the public debt, reviewed 157 Limitation act, passed in 1793, 167. Loan recommended to supply a deficiency in the receipts. 392, 400 423 448, 471, 491. ' ' ' ' Loans, foreign, amount of on 31st December, 1789, 31. I^oans preferred to taxes to meet the exigencies of a war, 377, 401. Loans, amount received from, in 1810, 443. 1812, 468, 486. 1813, 488, 492. 499, 516. 1814, 524, 527.—See Revenue. I*oans, term3 on which they were obtained, 441, 491, 492 to 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. 55S INDEX. Mint, plan for the establishment of a, 133. expenses of a, how defrayed, 143, 150. M o l a s ^ f ^ J t e d n n d consumed from 1790 U> 1793, quanuty 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 1807, 420. of 1810, estimated. 400. paid, 421. 1811, estimated. 423. paid, 443, 466. 1812, estimated, 441. paid, 468, 484. 1813, estimated, 470, 489. paid, 490, 492, 499. 1814, estimated, 500. paid, 523, 532. 1815, estimated, 530. New Jersey, claim of, in 1789, 35. New York, claim of, in 1789, 35. Non-importation act, modification of the, proposed. 425. O. I Officers of Government, compensation allowed to the, in 1790, 45. P. Paper money, the expediency of emitting, considered, 64. Passports and clearances, amount of revenue derived from, in 179" 1798, 241—See Merchandise imported. Penalties and forfeitures for infractions of the revenue laws, to be districted to informers and custom-house officers, 425.—See Revenue. Postage of letters, receipts from, in 1901 to 1805, 317.--See Revenue. Post Office, revenue derived from the, to he applied to the sinking fond, review of the law establishing the, 159. Premiums, effect of granting, on agriculture and manufactures, 113. INDEX. 559 Protecting duties on imports considered as a bounty on domestic fabrics, 109. the constitutional power to levy considered, 112. Prohibitions of imports and exports may be resorted to for the encouragement and protection of manufactures, 109. Public credit, plans for the support of, 3, 157,172. a national bank necessary to the support of, 54. essential to the prosperity of the nation, 197. defined, 198. Public debt, advantages of funding the, 5, 98. nature of the provisions for funding the, 7,161. of what it consists, 14, 168, 347. plans for funding the, 17, 43, 45, 161. plans for redeeming the, 22, 27, 165. may constitute a part of the capital of a national bank, 72, 75, 157. laws relating to the, reviewed, 157. plan for completing the system for liquidating the, 173. revenues pledged for the payment of the, 168. amount of foreigu and domestic, in 1790, 14, 22, 31, 33. 1795, 169, 201 to 210. 1802, 223, 248, 250, 279. when it may be redeemed, estimated, 172, 225, 251, 354. amount paid, in 1802, 254. 1803, 264, 276. 1804,288,296. 1805. 299, 310. from Apr. 1.1801, to March 31,1805,328,329,333. in 1806, 333, 345. plan for c o n s o l i d a t i n g 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 1821,354,3^. amount paid in 1807, 358, 371. in 1811, 445,461. from April 1, 1801, to January 1,1812, 463. amount on JA:maryllS12_146, 464. — paidtnli 1814, 534. j S ^ f f i f f i S S 1795 and 1801, 1 f i 219 244 of'the. pledged for the public debt, 163. S d T l S O l , 220, 2 4 a intrusions on the, to be prevented, 221. sold in 1802, 252, 257. 560 INDEX. Public lands, sold in 1S03, 262, 274. 1801, 285, 291, 315. 1905, 297, 308. receipts from, in 1801 to 1905, 31 / . sold in 1806, 331, 34s. 1807, 356. 368. 1808. 373, 385. 1809.398, 411. sold from 1800 to 18l0, 421, 432. sold in 1811,448. , tI . JJO may be applied as & bounty to soldiers enlisting, 448. sold in 1M2, 478. 1813, 511. lbl-1,550. * m Public vessels sold, 222. I ] 3 | R. Receipts and expenditures, estimated for 1790, 45, 53. 1795, 170. comparative view of the, for 1795, 214. in 1901, 216. 1802, 252. 1803. 262. 1804,285. ^ from April 'l, 1801, to March 31, 1805, 317 to 330. ' in 1806, 331. 1807, 356. 1808.373. 1809. 391, 395, 398, 419. 1810, 421, 438. 1811,443. 466. 1812, 468, 482, 486. 1813, 488, 492, 499, 616, 532. 1814, 523, 533. Re-exportation of foreign merchandise in 1807 and 1908, 409. s Revenue, frauds of the, how to be prevented, 23. plan for increasing the, 24. laws relating to, reviewed, 157. for what purposes pledge, 168. how to be increased in the event of war, 361, 378. on increase of, proposed, 219, 242, 378, 401, 4 ^ 448, 504from what sources derived, and the amount in 1795, u><, l v ' 1801,216„lT 1901 to 1906,31'» 322. 1808,395. 1809, 419. 1810, 438. 1811, 466- v INDEX. 561 Revenue, from what sources derived, and the amount in 1812,482,492. 1813, 492, 516, 518. 1814, 532-3. See Receipts and expenditures. S. Salt imported and exported from 1790 to 1800, 233. and consumed from 1790 to 1798, quantity of, 241.—See Merchandise imported. Salt duty expires 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 m o r t a l WgS&SffSV^X " Merchandise imported. Snirits foreign and domestic, additional duties proposed on, £&. Stamp dutiesexpire 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 l ^ u f quantity of, 2 4 , - S , to internal improvements, 359. T. j ho lovipd 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 die 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.Merxhandisc imported. END OF T H E F I R S T VOLVME.