US Presidency
1805

We have not, however, made use o this authority, because the sum of four millions and a half which remained in the Treasury on the same 30th day of September last, with receipts which we may calculate on for the ensuing year, besides paying the annual sum of $ 8,000,000 appropriated to the funded debt and meeting all the current demands which may be expected, will enable us to pay the whole sum of $ 3,750,000 assumed by the French convention and still leave us a surplus of nearly $ 1,000,000 at our free disposal. Should you concur in the provisions of arms and armed vessels recommended by the circumstances of the times, this surplus will furnish the means of doing so.