US Presidency
1826

The amount of duties secured on merchandise imported from the commence of the year ' til September 30 is estimated at $ 21,250,000, and the amount that will probably accrue during the present quarter is estimated at $ 4,250,000, making for the whole year $ 25,500,000, from which the draw-backs being deducted will leave a clear revenue from the customs receivable in the year 1827 of about $ 20,400,000, which, with the sums to be received from the proceeds of public lands, the bank dividends, and other incidental receipts, will form an aggregate of about $ 23,000,000, a sum falling short of the whole expenses of the present year little more than the portion of those expenditures applied to the discharge of the public debt beyond the annual appropriation of $ 10,000,000 by the act of 1817 - 03 - 03. At the passage of that act the public debt amounted to $ 123,500,000. On the first of January next it will be short of $ 74,000,000.