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REPORT, Os the Secretary of the Treasury of the United States, Communicated to Congmets, November 6, 1807. Tr. r, eiFrnre to th r /firfceticnS of the act supplementary to the act intituled, “An act to esta- Sl ish the Treasury I>< pattment,” the Secretary of the Treasury respectfully submits the follow ing Report and Estimates : REVENUE AND RECEIPTS. The nett revenue arising from duties on merchandise and tonnage which accrued during the year 1/405, amounted to - -- -- -- -- - $14,135,138 And that which accrued during the year 1 £O6, amounted, as will appear by the state ment (A.) to - -- -- -- -- -- - 16,57 6,454 The same revenue, after deducting that portion which arose from the duty on salt, and from the additional duties constituting the Mediterranean fund, amounted dur ing the year 1803, to 12,520,532 And, during the year 1806, to--------- - 14,809,738 It is ascertained that the nett revenue which has accrued during the three first quarters of the year 1807, exceeds that of the corresponding quarters of the year 1806 ; and that branch of the revenue may, ej.clusi. i ly of the duty on salt, and of tin: Mcditcruncan fund, both of which expire on the Ist day of January next, Ire safely e stimated for the present, and if no change takes place ti the relations of the United States with foreign nations, at fourteen millions of dollars. The*statement (H.) exhibits, in detail, the several species of merchandise and other sources, from which the revenue was collected during the year 1806. it appears by the staff incut (U.) that the sales of the public lands have, during the year ending on the 30th September, 11107, exceeded 284,000 acres. Some returns are not yet received : and the proceeds of sales in the Mississippi Territory being, after deducting the survey ing and other incidental cxpenccs, appropriated in the first place to the pay ment of a sum of 1,250,000 dollars to the state of Georgia, have not been included, but are distinctly stated. The actual payments by purchasers have, during the same period, exceeded 680,000 dollars ; end the receipts into the treasury from that source may, after deducting charges and the five per cent, reserved for roads, be estimated for the eusning vear, at sGo,ooodollars. The recepts arising from the permanent revenue of the United States may, therefore,’Without including the dutiesou postage and other incidental branches, be computed, for the vear 1808, at $14,500,000 And the pay ments into the treasury (luring the same year, on account of the salt and Mediterranean duties previously accrued, are estimated at one million three Hundred thousand dollars - -------- - 1,300,000 Making in the whole an aggregate of fifteen millions eight hundred thousand dollars, $15,800,000 LAST QUARTKR OF TII K YEAR 1807. v The balance in the treasury wh'ch, on the 30th day of September, 1806, amounted to 5,496,969 dollars, 77 cents, did, on the doth day of September, 1807, amount to $8,539,0U0 The receipts into the treasury from the Ist of October to the 31st day of December 1807, are estimated at - -- -- -- -- -- 4,000,000 $12,5 30,000 The expcnces during the same period for all objects whatever, the public debt excepted, und in cluding 086,076 doilars for the extraordinary eApcmmurrs ot the Navj Department, of w hich the estimate has been transmitted, arc est.n.alcd at ----- $1,700,000 The ordinary payments on account otviie puolic debt, including the provision for the interest on the Louisiana and Dutch debt, totlie ast oi July, 1808, are estimated at 1,700,000 A further sum of about 1,500,000 dollars should also be paid during this quarter, in order to complete the annual appropriation oi eight millions oi dollars. 11 the whole ot ♦his sum, which is applicable to the purchase ot eight per cent, stock, cannot lie ex pended this year, the unexpended balance will form an additional expenditure for the year 1808, charging however the whole to this quarter. ----- 1,500,000 Making an aggregate of 4,900,000 dollars, and will leave in the Treasury, at the close of the year, a balance ol about seven millions six hundred thousand dollars, 7,630,000 $13,530,000 EXPENDITURES OF THE YEAR 1808. The permanent cxpenccs, calculated on a j , ice establishment, ace estimated at 11.600,1)00 dollars, and consist ol the following items, vu. 1. For tlu civil department, and all domestic expcnces of a civil nature, including invalid pensions, the light house and mint tstabLshi cents, the cxpenccs of surveying public lands and sea coasts, tile hfth instalment ot tile lo.ui due to Maryland, and a join of 100,090 dollars to meet saeh miscellaneous appropriations, not included m the Estimates, as uiav Ini made by Congress, - -- -- -- - 1,100,000 1 or expenceS incident to the intercourse with foreign nations, including the per unuieiit appropriation tor Algiers, - -- -- -* - - 200,000 b. For the military and Indian department, including trading houses, anil the perma nent appropriation for certain Indian tribes, 1,280,000 4. For the naval i stabhshment, - -- - - -- - - 1,029,909 5. The annual appropriation . f eight millions of dollars for the payment of the prin j,,,l and interest ot the public dcOl ; of which sum not more than 3,409,999 dollars will for the year 1608 be applicable to the payment ol interest, - 8-,000,000 $1i,b09,9U9 To the permanent expcnces must be added for the year 1808, a stun of about 800,000 do.lai s, necessan in addition to the annual appropriation oi eight millions if dollars, to compkio, on the Ist of January, 1809, the ceniiOursenienc ot eight per cent, stoex., SOO.OOO And for pay tug the balance of American claims, assumed by the T rencu com enuou, £90,900 Making altogether 12,600,000 dollars for the expcnces of that year, - - si£,ooo,uoq Flic receipts of that y ear Having been estimated at $15,800,009 And the probable balance in the T reasury on tnc Ist of January next, at 7,080,009 Making altogether ------- - 23,480,000 Would therefore probably leave in the Treasury on the first of January, 1309, a ba lance of near eleven millions ot dollars, ------ - - 10,830;000 $20,4J0,0uU PUBLIC DEBT. It appears by the statement (D.) that the payments on account of the principal of tin* public debt, hate, during the > ear ending the :>oih day ol tseptember, 18u7, exceeded 4,300,000 dollars ; ii. thing the total ot public deet reiuiuurseit trom the Ist ot April, 1801, totlie Ist of October, 1807, about £5,880,000 dollars, exclusively of more thun six millions, which have been paid during the runic period, in conformity with the prov isions ot the treaty and convention witn Great Britain, ttud of the Louisiana convention. I if the twclv e millions of dollars, w hich, according to the proceeding estimates, may be paid on urc aunt of the pubFc debt, between the 50th September, 1807, and me Ist January, 1809, about eight millions w ill be on account of the principal, it must, however, be observed, that tlu; unas certained result of the proposition made to the public creditors for the modification of the debt, may ufleet the amount po . able during the y ear 1808, on account of both principal and interest. On the Ist day of January, 1809, tile principal of thirdebt'will, if the proposed modincation be uot assented to by the public creditors, amount to i.ear fifty-seven millions and rive hundred thou sand di.Burs. The subsequent annual payments thereon, on account of principal and interest, will not, extensively ot occasional j urchases, exceed 4,800,090 dollars: And the whole of the debt, the nineteen millions ot three per cent, stock only excepted, will be reimbursed in sixteen J e it's. \ general subscription would reduce the capital to about fiftv-onc millions of dollars. The payments would amount to eight millions of dollars annually, during six years, and average Jess than three millions during the seven following, at tile end of which period the whole debt would be extinguished. Au annual unappropriated surplus of at least three millions of dollars, may henceforth lx* relied upon with grv.it confidence. The receipts of the year 1808 have been estimated at 15,899,060 and t’n expcnces at 1 .’,600,900 dollars. ‘Flic permanent revenue has been computed at 14,500,909 dollar:, and the permanent cxpenccs, predicated on an annual payment of eight millions ot dollars vui account of the debt, have been stated at 11,690.999 dollars ; and as this would, if no nioditica tmtiol the to lit should take place, be reduced to less than 8,599,000, the annual surplus would *htn amount to six millions us dollars. Nor are the seven millions and an half of dollars, which w ill remain in the treasury at t lie end of the present v ear, included in the calculation. \\ hut portion <4 that surplus m.iv lie wanted tor necessary measures oi security and defence ; ■ hat portion should be applied to internal improvements, which, whilst increasing and diffusing Tie u:it> 1.11 v eaitli, w ill strengthen the bonds of union, are subjects w hich do not fall wit*t:n the province of the Treasury Department ; but it is not impossible, that after making ample provi • av for both those objects considerable surpluses, and which can no longer be applied to the re demption of the debt, may still accumulate in the Treasure. 1 he previous a.cumulation of treasure in time of peace might, in a great degree, defray theex 'raciduiary expcnces of w ar, and diminish the necessity of either loans or additional taxi*... It v ould prev idi. during \ ertods <4 prosperity, for those adv erse events to w hich even nation is ex |) sed, in.te dol mcrcasuigthe burdens ot the people, at a time when they are least able to bear them, or ot 1 I.pairing by anticipations then-sources of ensuing generations ; and the public monies ->f the United States n -tinting locked up and withdrawn from the general circulation, but 011 the 1 uitrary -deposited in banks, and continuing to form a part of the circulating medium, the most mu midable ohiccuou to that s\ stem, which lias nevertheless been at times adopted with consider aJ k success in other countries, is thereby altogether remov ed. It is also believed that the re in w.d ot the charter of the bank of the United States may, amongst other advantages, afford togo v. rnment :ji opportunity of obtaining interest on tjie public deposits, whenever they shall exceed a certain amount. should the United State*, erutrurv to their expectation and desire, he involved in a -war, it is tv-ic cd that the Vevrpta el the year 1868 wjli not be materially affected by tlic event, inasmuch a they trill principally arise fr.r. th>’ revert-/* accrued din ing the present year. The amount of outstanding bonds due by importers, after de ducting the debentures issued ~n account of r> - exportatir.ns, exceeds, at this time, sixteen mil lions ot dollars. The deductions to be made from these, on account of subsequent re-expor tations, would, in case of war, he less than usu al ; for exportations will then be checked, as well a-> importations,and in proportion as there will decrease, a greater home demand w ill be created t<r. the stock on hand, and the necessity of re-exporting be diminished, It has already been stated, that the specie in the Treasury at the end of this year, together with the surplus of the year 1898, v ill amount to near eleven million of dollars—a sum proba bly adequate to meet the extraordinary expell ees ot the war for that year. It w ill also be recol lected, that in the estimated expeuces of the year 1808, the reimbursement of near the mil lions and a half ot the principal of the debt is included. The only provision therefore which may render any contingency necessary for the extraordinary service of that year, in order to cover any deficiency of revenue, or increase of expenditure, beyond what lias been estimated, w ill he an authority to borrow a sum equal to that reimbursement. T hat the revenue of the United States will, in subsequent years, be considerably impaired, by a war, neither can orougiit to be concealed. It is, on the contrary, necessary, in order to be prepared for the crisis, to take an early view of the subject, and to examine the resources which should be selected for supplying tiie deficiency, and defray ing the extraordinary expellees. There are no data from which tne extent of the defalcation can, at this moment, be calculat ed, or even estimated, it will be sufficient to state, Ist. That it appears neectsary to pro vide a revenue at least equal totlie annual ex pellees on a peace establishment, the interest of the existing debt, and the interest 011 the loans which may be raised. 2d. T hat those expell ees, together with the interest of the debt, will, alter me year 1803, amount to a sum less than seven million of dollars; and the re tore, that if tlic-present revenue of 14,500,090 dollars shall not be diminished niqre than one half bv tbe war, it will still be adequate 10 the object, leav ing only the interest ot a ,r loans to be provided lor. Whether taxes should be raised to a greater amount, or loans ue altogetncr relied on tor de- Iraying the expcnces of uie war is tne next sub ject ol consideration. Faxes are paid by the great mass of the citi zens, and immediately hiiect almost every in dividual ot the community. Loans art suppli ed by capitals previously accumulated by a lew individuals. In a country where the resources of individuals are not generally and materially affected by the war, 11 is practicable and wise to raise by taxes the greater part at least 01 the annual supplies. The credit of the nation may also, from various circumstances, be at times so far impaired as to leuv e 110 rt source but taxa tion. in both respects, the situation u tne L. 6. is totally dissimilar. A maritime war will, in the United States, > generally and deeply affect, whilst it continues, Uie resources of individuals, as not only com mercial profits will be curtailed, but principally because a great portion of the surplus of agri cultural province necessarily requires a foreign market. The reduced price of the principal articles exported from tne United Status wiu operate more heavily than any contemplated lax. And without enquiring whether a similar cause may not still more deeply and perma nently aftect a nation at w ar w ith the U.btates, it seems to ioliow, that so far as relates to Ame rica, the losses and privations caused by tnc war, should not be aggravated by taxes beyond w hat is strictly necessary. An addition to the debt is doubtless mi e. il ; but exper.ence hav ing now shewn with what rapid progress the revenue of the union increases in time of peace ; w ith what facility the debt formerly contracted has, in a few years, been reduced, a hope may confidently be entertained, that all the evils of the war will be temporary, and easily repaired, and that the return oi peace w ill, without any effort, afford ample resources for reimbursing whatever may have been borrow ed during the war. ‘Flic credit of the United States is also unim paired, either at home or abroad, and it is be lieved that loans to a reasonable amount, may be obtained on eligible terms. Measures hav e been taken to ascertain to w hat extent this may be effected abroad; and it vv ill be sufficient here to suggest, that the several banks of the 1 United States may find it convenient, after the ensuing year, anu as the diminshed commerce of the country may require less capital, to loan to government . considerable portion of their capital stock, now computed at about forty mil lions of dollars. It might be premature to enter into a parti cular detail of die several branches of revenue which may be selected, in order to provide for the interest of war-loans, and to cover defi ciencies iu case the existing revenue should fall below seven millions of dollars, a general enu meration seems at present sufficient. 1. Not only the duties on salt and the Medi terranean duties may be immediately revived ; but the duties on importation generally may, in case of war, be consideraby lincrcascd, perhaps doubled, with less inconvenience than would arise from any other mode of taxation. With out resorting to the example of other nations, experience has proven, that this source of rev enue is, in the United States, the most produc tive, the easiest to collect, and the least bur thensome to the great mass of the people. In time ot war, the danger of smuggling is dimin ished ; the scarcity ol foreign articles prevents the duty ever falling on the importer; the con sumers arc precisely those members of the community vvSo are best able to pay the dutv ; and the increase of domestic manufactures, which may be indirectly affected, is in itself a desirable object. 2. Indirect taxes, however ineligible, will doubtless be cheerfully paid as war taxes, if necessary. Several modifications of the svs tem formerly adopted, might however be intro duced, both in order to diminish some of the in conveniences which were experienced, and par ticularly toensure the collection of the duties. 3. Direct taxes are liable to a particular ob jection, arising from the unavoidable inequality produced by the general rule of the constitn- lifir. 1V!..-.; ? d.lkrcr.re r>ay exTst hettreen the r.-kit;-. ■ •-nith, and consequent ability of paying, of to 1 . , ...u liil ,11 c tax must necessarily la r -r- tl .n proportion to their re relativo popo! ..A ii. : .ould is, however, be come nrros-arv torfsi.it to that resource, it is believed that th” tax raicod np.ai that species of prop my in earn state which, in the state In v ■, L liahfi- to taxation, as had originally been contemplated by cnagre.v-. would U p: eferabU. to a general assessment laid v.aiftruly on the same species of property in all tlic states, as was ultimately adopted. All oi which is respectfully submitted. ALBERT GALLATIN, Secretary oj th • Treasury, Treasury Department, Nov. 5, 1807. litj the ships Alexander Hamilton and Eliza .from Liverpool, Meliss, Taylor & Cos, Have received, i:i part, their supply of WINTER GOODS ; and CafGmeces Ditto ditto fecoud Cloths a And ditto Calfimeres York {hire Narrow Cloth, Blue Spreads—Napt I-rize Barh Coating—fearnought and coarE Cloths, of e.try defeription, Patent Cord -v Toilenet / Worsted Marfilleo Quilting f VEST COATING Swansdown \ Belief’s worfttd and cotton patent Cords Cotton Corduroys Velveteens and fancy Cords, of all colours and price, Men’s and Youth’s Wool, x Ditto ditto plated / Ditto ditto fine, HATS, in convenient I.adies ditto ditto ( bote; for country floras Youth’s and Children’s plated V Sgrvant’9 Glared Leather J Hardware, dune up in vvellaffortedcafks.forfhop keeper* And by the {hip Mary, daily eipeSed from Gree nock, they are to have the remainder, which, together, will make a very great variety and extrnfive assortment of afi well leledled GOODS, as have ever came to thi* market...being every article of them felediedby one of the partners reiiding in Britain, who is possessed of every advantage of procuring goods on th-s belt terms, which will enable them to make (ales at a very low rate. Among the Goods received, will be found, The following Articles, viz. White “j Green and I>LAINS Brown J London Dutlile } Brillol ditto ( BLANKETS 7-4 to 12-4 Rose ditto White 4 Blue / Red > WELCH FLANNELS Scarlet and V Yellow J One bale London dressed Superfine -j Cloths and CalEmeres / Two cases London made Hats of the f lOT reta,llD 2 very bell quality and newell falhion J One case newefl fafhion London straw Bonnets An extensive assortment of Yoikfliire fuperfine Cloth* Buttons of all kinds Guns and Gun Locks Knives and Forks Pocket and Pen Knives—ffpectacles Packet and pound pins Needles—Horn and Ivory Combs Ladies elegant ornamented hair Combs Cotton Hoficry, of every defeription WorfleJ and Lamb’s Wool ditto ditto Calicoes and printed Cambrics, new paterna Silk Chambrays,of an elegant flyle Cotton ditto—Dimities 9-8 and 6-4 Cambric ditto Plain Cambrics, all widths Elegant figured ditto Cambric Shawls Damask and other fitk ditto Biack Barcelona, and various other silk Handkerchief® A complete assortment of new falhion Rifiboa Cotton Counterpanes Ronial and Pullicat Handkerchiefs Durants, Calimancoes and Shalloon* Bombazetts and Bombazeeus Satin Peeling White and black Persian Black silk Florentine Ditto Satin Ditto Mode Ditto Crape Ladies’ Pic Nic and other silk Gloves Ditto ditto Cotton ditto Ladies’ and gentlemen’* silk Hole Sewing silk and Twill Thread Laces and ditto Edging Cotton ditto ditto ditto Huckabacks—Fancy Diaper Fancy Towels—Table Cloths Cotton Shirting—Table Covers Cd, Bd, lOd, 20d, clafphead Nails Crockery Ware, in well assorted cratC9for retaiima Chaff Ware, in ditto, &c. Ac. October 6. 110 Grand Lodge. -AjL, The MEMBERS of tho jQ t(? • GRANDLODGEofGEOR GIA, are notified to attend Vy /y J at their Lodge Room in the Filatuie, the firft Saturday in Dvcember next, at ten o’clock in the forenoon, being a grand quarterly comir.uni ““ cation, for the elefticn of officers and other business of the Craft. The different committees will have to produce their reports. The lodges under the jurifdiftion of this Grand Lodge, muff render in their returns, by their proper repre sentatives j and in default thereof, the Grand Lodge regulations will be put in force. By order of the R. IV. Crand Matter. D. D. Williams, Grand Secretary. T? The editors of the Louisville Gazette, Augusta Herald, and the Milledgeville Intelligencer, arc re quelled to insert the above twite in their papers. November 17 IT7