Newspaper Page Text
R.P.uftT.
amounted only tar
Leaving a balance m he
Treasury, on the 30th Sept.
1309, of
5,688.934 SO
.13,635,375 46
13 846 717 53
g36.481.993 98
The cash in the hands of Collectors and Re
ceivers, unit the outstanding revenue bonds
which will almost altogether fall due prior to
the 1st of January, 1810, may, after deducting
the debentures, yet unpaid, and the expences
of collection, be estimtted to bare amounted,
ou the 30lh sept. 1808, to 810,500.000
•Making, together with the
balance in the fteasury on
that day, of 13 46 000
In obedience to tba diicutohsof the act sup
plementary to the act, cittitulcd. "an act to
establish the Treasut ♦ Dap irtnicivt,” the Beit-
t/;ta. v of the Trattsury respeetluliy submits
the following
REPORT AND ESTIMATES—
_T,.e net revenue arising front duties on mer-
cmndit; and tonnage which accrued during the
yea- liioo, .nu'unuetl to 816,615 430
And that trhien accrued during
i':: vvjrlU >7, amounted. as will up*
;■ by the smtcntjiu (A.) to 16,059,921
T be same revenue, alter deduct
ing that portion which arose from
the duty ou salt, and from the addi
tional duties constituting the Medi
terranean fund, amounted during the
year 1806, to 14 848.784
And during the year 1807, to 14 375 855 -
lint it is ascertained, that the neat retenuc present be precisely ascer-
which accrued during the three first quatters tamed, they will not, luciud-
of the year 1808. did not exceed eight millions ing the ie-lmbursenietit of
of dollars, and is daily decreasing. 5.376 000 dollars on account
The statement (11.) exhibits in detail 'he ot the principal of the public
several species of merchandize and other sour, debi, exceed
cr.s from which that revenue was collected dur- . , • , '
- r -~ > ,07 Leaving, on the 1st day of
It appears by she statement (U) that the January, VI
sales of the public lauds have, dining the year
ending tltc 30th September, 180S amounted
to about 300,000 acres t and the pay ineuts by
purchasers to near 550.000 dollars. The pio-
cecils of sales in the Mississippi territory, being
al'.er deducting the surveying
An aggregate of
Although ti e expences of
the present quarter cannot at
1809, a sum ol
34,316,000
-eras bf the union, it will for the moment be
ended with less difficulties, than cither Ou
• event system or wni. l‘or however narvuw
„e bintis-40 which on that plan, the exportatf-
;,s and impor.auons of the U. States may be
reduced, ye. there will still be some commerce
and some tevenue arising from commerce.
And as, in pursuing th.t humble path, means
ot defence u ill become unnecessary, as there
will be no occasion tor cither an a my or a na
vy, it is believed that mere wuuid be no uifli-
culty in reducing the public expenditure tu a
raic corresponding with the fragments of im
post which might still he collected. If that
course be adopted, no other provision seems
necessary than an immediate reduction of ex
pences,
but ilia’ all the existing duties should b- I'hnh.
eu .41 importation., subsequent o liar cay,
2. ('to present system of drawbacks also
appears susceptible of modifications. 1 lie
piopriety of conliuuing generally■’ that provi
sion of the embargo laws, which allows a draw
back on articles exported more than one year
af'er they have been imported, is doubtful.
A modification might check speculations and
monopolies. The diminution of importations
has afiorded sufficient profits on most of tlie
articles which had been imported: and a pro-’
vision which would have a tendency to brinlg
into market, and to lessen the price of those u4-’
licles, would be generally beneficial.
The causes which induced the adoption
I of a partial non-importation act, have cessed to*
The system nowin force, sud war, however exist. The object then in view has merged,
dissimilar in some tespocts, are both cottsiUeied into a far more important one. The sclcctiotf
as resistance. Nor is tt believed that their cl- of interdicted articles was founded on the pos
ted on national wealth, ana public tevenue stbility of obtaining them in other countries
would be materially different. In either case, than England*! and does nut agree with exist-
a portion, and a portion only, of tl.6 national in- ing circumstances. The act pioducing now
dustry and capital heretofore employed in the no other - .feet thin to increase the tempts-
production, transportation, and exchange of tions, andto produce habits of smuggling, itti-
agricultural piunucts, or in the foreign carry- pairs and injures the revenue. A general
ing trade, can immediately be diveted toother non-tntercotifse with that country would su-
objects. In case of u commuance ol the ctn- pc-cede that partial measure, and might bo-
lurgo and non-exportation, either a less quail- executed with greater facility. A.'dttis Ireliev-
tity of commodities must be pioduccd, or a cd that, under every event, its repeal will be
' ’ ' " ' .in
%
816000000 portion will accumulate unul the tiecdom «»f Jjcr.eficiut. nnd that a petmui-cni lr
...—— commerce shall be restored. In case of war duties on articles selected with u view to the
Sixteen million?* of dollars in'cash or i> ntu tuat surplus will be exported, and although a which may-be manufactured In.the U? Slates*
payable during ihe year 1809. and applicable .’ pail must be lost by capture, a portion ui lhe would be preferable
to the expence& of that year. It is pie timed returns will be* icccived. If the embargo and 4. It is believed, that tne present system of
tha. the ieceipt» arisiii£ fiom impo’t-ttioiia and suspension of commerce shall be continued* the accountability of the militaiy and naval estah*
d other ii ci- payments Fot lands subsequent to the 30th Sep* • revenue arising from commerce will in a ahoit lishmetUs may be tendered more prompt and
de.ital expences,appropriated in tlu* first place tember 1808 will not be greater than tne de- • time entirely disappear. In case of war* some direct* and is susceptible of improvements*
to the pay ment of a sum of 1.250.000 dollars to dilutions on account of bad debts, and of the
extension of credit on certain articles.
The expences of the ye »r 18J9, would, ac-
lire state of Georgia, ire distinctly vu.cd.
It appears by the statement (D.) that the
payments on account of the principal of the cording to the appropriations already made
public debt, have, timing the same pci.od* and to the usual annual estimates, amount to
amounted too ly 2 335,000 dollars. But the
payments frem the treasury, for tne annual
reimbursement of the six per cent and defer*
red stocks, „nd for the final rcintburscruciv of neons cxpen< es
the eight p.*r cent, stock, will (exclusively of i 2. Foreign intercourse
a sum of 730.000 dollars, a. eady in the hands ' 3. Grants by Congress and
of the treuiui er. as agent for the cotnmtssioneis wt ber miscellaneous utiforc*
of the sinking fund) amount, during t, c last se,M » demands
quarter of this year, to 5.376,000 dollars *L Military and Indian De«
Matting the total of public debt. icimbtu>cd partmentn
from ’be 1st of Ap ril- 1801, to the first Januu* $ Naval Department
ry, 1809, about 33 600 000 dollars, exclusively ! 6. Aiinu-d appropriation
of more than six millions paid during tne same for ihc public debt
period, in conformity with the provisions of the
thirteen millions of dollars, consisting of the
following items—
1. Civil List and miscclla*
900 000
200 000
150,000
2 736.000
pail of that revenue will icnuiin; but it will which, without embarrassing the public scr
ee absotbed by the eucicasc of public expen- vice, will have o tendency* more effectually to
dilute. In either case, new resources to an check any abuses by subordinate agents. Pro
amount yet unascett tintd mus'. be resorted to. visions to that effect ate rendered inore tteccH-
But the assertion th.tt that amount will be near* sary by the piohablc increase of expense i*
ly the same in either of the two alternatives of those departments.
embargo o. war. is conic, o. ly on the ^oppo
sition that the embargo and non-exportation uie
alter a certain time lobe supetseded by war,
unless fotci^h aggressions shall ccusc« and that
tendering therefore, preparations for war ne
cessary, they requite a rate of expenditure far
bt-yund that of a peace establishment.
It, however, the embargo and hon-intc: course I
Aii which is respectfully submitted.
ALufetrr Gau.atik, ^
Secretary of the Treasury^
Treasury Department, Dec. 10,1808.
A letter from a gentleman in Canaan, {On*
treaty and convention with Grcai-Uritain, and of
the Louisiana convention.
Tilt public debt will, on the l“t day of Janua
ry, 1309, amount to 56 647.663 dollars, cun-
0l*tjug of the following items:
Old six per cent, stork, nom
inal amount 20 706,603 *23
—- unredeemed SU 019.877 57
Dcfcncd stock, nominal a-
mount 11,717 176 92
— unredeemed
New six per cent, stock ex
changed at par for old six and
deferred
New do. do. arising Ironi
conversion of three pr cent,
stock a 63 mnv six fir 100 three
pc; cent, stock 1.859 770 70
1796 .fix per cent, stock 80 000
Louisiana do. 11 350000
. re to have equal continuance vvuh the ucliigcr-1 nectictu) to his correspondent in'New-Y *rk,
1,014 000 cut edicts* indefinite us that is, tf it be detei-^ dated the 2'3d .November, 1808, says—“ A grebt
mined to rely exclusively ou that measure, and | number of mad fox*.s have been killed in tins
at all even s not to usk a war on account ol i and the neighboring towns the summer and fail
9,336 627 08
5,993 313 50
Total six per cent stock
Thtec per cent, stock
40 169 618 85
16,1 -.8 044 42
SI 3,000.000
Leaving a surplus bf only three millions of
dollars for defraying the expences of foitifica-
lions, military s ores, increase of the army and
navy, or other wise incident to a state of actual
War or of preparations for war.
The annua) appropriation on account of the
’ public debt, amounting to eight millions, and
! the interest for lire year 1809, being less than
three millions of dollars; an an hoi ity to bor
row five milfions, would only create a new debt
! equal to the principal of old debt reintbut sert
, eluting lira' year, uud appears sufficient to pro-
I vide for at.y deficiency arising from the exttu-
Ofdmuty expences which may be thus authors-
- cd by congress.
It thus appearrs, that notwithstanding the
general watfaie of the belligerent powe -
against neutral natiuns, and lie consequent mis
pe> sion of commerce, which took place tu iht
iet’er endol the year 18-7, and not wit lust ancluu
the encreased ratoi expenditure naturally at is
ing from that state of things; the ordinary rev
etiue will line been sulTv icnt to defray all tin
expences of the yeuts 1608 ami 1809 mcludinj
fo. 18 »8 a leimlmrsenieut of ttebi exccCdtn,
six oiillibns ot dollars, and without tt aking an;
addition to that debt in 1809. I hc measure
necessary tolre adopted in older to make a time
ly ptoviston for the service ot the ensuing yeuts.
depend on the course which the United Starts
those aggressions, preparations for vva- will
become useless, and the extraordinary ex
pences need not be incurred. In that case
the expenditure for the year 1809. ought not
to exceed the stun of thirteen millions of do)
lars which, as has Irecn stated, is requisite for
past. Many creatures of different kinds- sup
posed to hevc been bitten by them, have died of
the same disorder. One man was bit in the leg
by a mad tox. who u>ck medicine us an antic!; o
against ihc virus of the hydrophobia, bu; wi h*
out effect. He w.-s se n taken with the sv mp-
thc sup;K)t t of the present establishment. And ; toms of the disease and had many violent ft
lids would leave for the service of the year, j Hundreds of people came to see him, among
1810, the above-mentioned surplus of three j whom were some doctors. The physicians
millions, and the proposed loan of five millions, J tried an experiment, by giving him gieat quan-
tch together would be sufficient to defray j dlies of poison, sufficient to kill ten well it cn
the peace establishment, and to pay the inter- ' “■** 11 * **■ **
cst on the public debt during tir .t year. Thus
two years ino e would be provided for, with
out either cncrcusing the pntlic d**bt, or lay
ing any new taxes. It is certainly only with
a view to war, either immediate or cot cm plat
cd. that it w ll become necessaty to icsmt, at
least to any considerable extent, to extraordi
nary sources of supply. *
Legitimate resources can be derived only
5G 647 663 27
The interest on the whole dc*i a id ..c an
nual reimbursement on the s x percent, and
deferred stacks w : ll. for the etiMtit'g year,
amount to 4 225 O.K) dollars, leaving, in order
to co mplete he ar.nu tl .ip.••■on iation ol
8 030 000 »fd >ilar». a sum of 3 774 000 dollars
applicable to the reimbursement of the new
cxcuanged six pe> cent, sttrek. The whole of will pursue in 1 elation to foreign agg essio:
tha. and of the other new six per cent, arising
tro'ii the con version of three percent, stock,
amounting togethef to 7 353 000 dollars, would
thus be reimbursed within two years. And
after the 1st day of Ja.tuary, 1811, the whole
anmial amount payable on account of interest
and annual reimbursement, could not, during
the seven ensuing years exceed 3 756.000 do •
lars. But under existing circumstances, it is
believed tha’ the reimbursement of that new
nix per cent, stot k will be no ..inal, ami must
be effected by incurrmg a new debt to an equal
amount.
The uc ual receipts in’othe Treasury during the means of payment, be also discontinued :
the year ending on the 30.It September. 1808, 2 Or exportations, and corresponding im'
as they principally ar»se from the revenue ac
crued during the preceding year, (and the pay
menu on account of drawback Having been
miuishcd by ihe embat go) have been greater miin d that the decrees of France can be erdot c-
than those bf .«ny preceding year, and
Amounted to 817.932 419 90
And the specie in the Trea-
su y tbs 1st. October 1807,
amounted to 8 529 573 08
. whn h
•inci pally
sli.»cd in tlie
it i-pitton lias
Ir.equtMit view
ret, as well as
;..ii-■my. The
(1 kept in the
property
from loans or tuxes; and the reasor
dm e a (relief that loans should bn
• cited oti, in case of war* were *.t
am u.d repot t of lust year. I hat 1
been con o'jOi atcU by eve^y tailj-a;
which has been taken of the sub}rct
dy tire present situation of ihu
embargo has btought into, n
Untied states, almost alt tin: 11
of tie nation. A id whilst the dcoreciated va
lue of domestic products increases the difficulty
01 raising a consult 1 able revenue by internal
'axes, .it no former lime has there been so
n.rich specie,
capital in the coritur
public stocks. <md indeed of ulispctccs of stocks
the rcdncttim of tire public debt, the unimpair
ed credit of the general government, and the
large amount ot existing bank stork in the U.
. , r 1 States leave no doubt of the nrncricabdity of
e ' Cs . se ^ 0 * e * J,e S ? obtaiuiug the necessary loans cn reasonable
terms.
The geographical situation of the Uni ed
‘ * id
A id that being yet unascertained, it becomes
necessary to examine me several allot nativ
left to the choice of congress.
Fuller the navigation of the ocean will be
abandoned by the United States; or it will be
resumed.
Tne first supposition is that of a continuance
of the embargo
and admits of two alternatives.
1 Li her a provision, generally fot bidding
pmla.fm., ...a> Continue ... make P->- <>f the j lhM?imZr
sys'etn, in which case, imiKMullons, whether ! al) „ 4c prc , cnl tcmovc ev6ly a ppre-
expressly inieniicted or nut, nm«. for want of, 1|en , 10ll Jf, Wj „. lt , nay .hc^fjrcbc
ait strange to tell, it wholly icmovcd the fi-» 9
and lias effectually cured the man.'*
The new Theatre.— I lie ceremony of laytrg
the first stone ol Convent-gatdcu Theatre, v.tll
atVotd an interesting spectacle. 1 lie prince ot
W tics and several pet sons of distinction, uio
expected to attend the foundation, uud the pro
per acconunodatifin will be creeled for ilieir
reception. I he ceremony was to have tnken
plane some days since, but the workmen hu*.o
not yet suffuicntly cleated the ground for
building; they will shortly be picpatcd, n d
the walls ate lobe laiscd us expeditiously .*4
possible. Wc undeisiund the gieen-roonrs*
dressing-rooms and other u parti net n,*.. Will he
situated more rotivouicmiy than in the la o
theatre. There will also he a gicater dtquK
of stage, and the fiats ate to be higher-— J., tt*
(ton tiu/ier. ,
I. is presumed that rite non-intcrcotirsc 1 ,w,
, , which may g*ow out of rhe resolution passed in
much reciuudunt unemployed . |, e noiise of representatives on Saturday last*
atmtrv. Ihc high price of wd! not have a retrospective operation, sous
to aflcct trannaclions originating an' 1 cedent to
a knowledge of the measure; und unquesuonu-
b v the provisions of tiic law will lie so math us
to pieient the evils arising from speculation as
far as practicable. The speculators, however,
if not inoic running than usual, may happen to
Ire tak n in in their calculations U|»on uionupo*'
lies.— It’a&h Monior.
On Thursday last, Mr. Kev made in the
nf; epre-eiitutives a singuiur confession. 11- J-
confic'entlv expec ed, that a retenuc derived tended th ,t u direct tax on property is one-u*
- V -a*. 1 knlclv rvom .lutie* on importation,, thou K h »iit.uion.l t jr«4 it W well rrmeinliered. »H..i Air.
ac pony.on, maybe pernmted in f-.e.gn .c«cU.. I!C1 e ; saH |y impaired by war, will alway, be Key', party im|»»tu n dn-eewes-n theperj/c.
ay- | fie tecoml .upposmon al,o offus wo. ai.d . „ u |Mcm durm R Ions. rn.ervaU of ,reace, \Vl.ai then arc we to infer Cemmly. that
dr- only two alter.,,«»»«. I n,ay indeed he ad-, M cunent 2tc,Htnrc fc but also |>rfederal party d.dan act .thatwnsu. cnmt.to-
miind that the dccreesol France can be enlorc- ttonal. We do not tu. nut that it it so, but no
ed only in Iter own territones. and in thee of . ‘• om,ac,cd dur, "B ,hB confu.asonfro... Mr. Key » surety an nckt.-w.
..f lew net tods ol war. 1.,.a
Making together
_ few pci iod, of war.
her allies, that however efficient in pieveming, r
any coninieice b nveen ihc United States and J internal taxes, either direct or indirect,
herself, 'hose decrees cannot materiallv affect arc therefore contemplated, even in tire case
that between her enemies and the United States,: '; r hosiHinos carried against the two great bel
aud nray iheieforc in that respect be disregard- ligc 1 cn, p:.wers. Exclusively of tile authority j
36 481 992 98 ed But Great-Brnain having the means of efi- which must from time to time be given to bor-
forcing her ordcis on the ocean, the mitigation ; lo w it-e sums rcquiicd. (always (Iloviding for
me iw-ri at of rhtt. element cannot be re-umed without cn- : rtie relriibui inient of sucli loans within limited
Icitgvmcirt that the rtnetriue of ttie present r
niiistratirm is correct in condentmag ttrat mea
sure.— ib.
The disbursements during the
have amounted to 312 635,27a 45, consisting countering those orders; and they roust eithet
of the following items:
Civil Department and mis-
ectUneous expences 1-258 967 18
Foreign in c ourse and
pavmcntof V nctican claims
a-s tmed by the Louisiana
convention 406 499 37
Military and Indian De
pt, tmints including fortifi
cations and tltc expences of
the new ar 3 023 759 5J
N tral D qn ament, ii.clud-
ing rite .t-toror,nation of dol
lars 677X164 47 to cover the
deficit of the preceding
ye *e 2 237 064 47
Public debt, prineipd and
interest (,he greater part of
the payments for the year
3808 falling as al'Xradv sta
ted, in the Lst quarter) Uaye
be submi ted to. or resisted. Tlicte can be no
middle way between those two courses.
3. Either America must accept the portion
of commerce allotted to her by the B'itisfi
edicts, and abandon all that is forbidden; and it
is not material whether this be done by legit
provisions limiting the comntercc of the Unit-
cd Stales to the permitted places or by acqui
escing in the capture of vessels stepping be
yond the prescribed bounds.
4. Or the nation must oppose force to tht
execution nf the orders of England, and this,
however done, and by whatever name called
will be war.
Of those four alternatives the second and
third diffei neither in principle nor in their ef
fect ou the revenue. As both plans consist it
permitting partial exportations and importati
ons it must he acknowledged, that objectiona
ble as that cour«c may be in other respects il
considered merely in relation to the fiscal con-
periods,) and of a due economy in ihe several
branches of expenditure, nothing mote upp< ars
necessity lhan such modifications, and increase
of the du'ics on importations as. »re naiu. ally
suggested liy existing circumstances.
Cun tcoTitr, ((diio) November 14.
Iron. Samuel Huntington, a detnucrnTe
icati, and n*4 a federal one, ns stated in
Su/Ji'jrlcris elected governor iS the
state of Ohio. The majority will probably fie
eigtit hudredor a thousand votes.
Tfic
•epubi
‘ Th,
On tltc 14th inst. a deputation of Cherokee!,
consisting of six chiefs, two or whom have wit It
j them their wives, accompanied by ilieir agent,
I. Although imporrtions have already con-! col. Meigs arrived in this city. Tlteir object
-Merabi, diminished-and may under ihc svs- j is. we understand, to consult uilh the Picvi-
dent of the U. Staves on subjects intere-ting to
them, and particularly to manifest he respect
I may ,
cm now in force, shortly lie altoge'her discon
tinued, no reasonable objection is perceived
against an increase of duties on such as may
still take place. Had the duties beet, doub
ted on the 1st of Jinuary. 1608. as was then
suggested, in case of war. the tectiprs into the
Tasury du ing that and the ensuing year,
would have been incrc.scd nine or leu millions
nf dollars. Those articles of most universal
consumption, on which an increase of dot,
would be inconvenient, arc generally cithti
f-ee of duty or abundant.
It is therefore proposed, that rot only the
Mediterranean duties which will expire on th-
1st day of January next, ‘.ltouid be continued,
and affection of their natihn for him before hii
departure from office^—A'atiwat In rUigcncer.
The following resolution has been lard on
•he table of the House of Representatives of
Pennsylvania, and referred to a committee a
/ftWtvrf, That a committee be appoin cd
— bring in ::!;;!!. declaring that no person shall
be liable to a ciiminal pro-edition on fie
barge of al.it,el; and that no person sha fie
icld to answer for a libel upoi the public ha
rder or conduct „f anr citiz n, exceptii.g ,ue
author afid ,hc prit.tcr tbercet.'’