US Presidency
1832

The expenditures for all objects other than the public debt are estimated to amount during the year to about $ 16,500,000, while a still larger sum, viz, $ 18,000,000, will have been applied to the principal and interest of the public debt. It is expected, however, that in consequence of the reduced rates of duty which will take effect after [ 1833 - 03 - 03 ] there will be a considerable falling off in the revenue from customs in the year 1833. It will never the less be amply sufficient to provide for all the wants of the public service, estimated even upon a liberal scale, and for the redemption and purchase of the remainder of the public debt. On [ 1833 - 01 01 ] the entire public debt of the United States, funded and unfunded, will be reduced to within a fraction of $ 7,000,000, of which $ 2,227,363 are not of right redeemable until [ 1834 - 01 01 ] and $ 4,735,296 not until [ 1835 - 01 02 ].