US Presidency
1827

The amount of duties secured on merchandise imported from the commencement of the year until 1827 - 09 - 30 is $ 21,226,000, and the probably amount of that which will be secured during the remainder of the year is $ 5,774,000, forming a sum total of $ 27,000,000. With the allowances for draw-backs and contingent deficiencies which may occur, though not specifically foreseen, we may safely estimate the receipts of the ensuing year at $ 22,300,000 a revenue for the next equal to the expenditure of the present year. The deep solicitude felt by our citizens of all classes throughout the Union for the total discharge of the public debt will apologize for the earnestness with which I deem it my duty to urge this topic upon the consideration of Congress of recommending to them again the observance of the strictest economy in the application of the public funds. The depression upon the receipts of the revenue which had commenced with the year 1826 continued with increased severity during the two first quarters of the present year.