Star. — London, England, 1820-01-28 00:00:00

AIIIBRICA. ANNUAL TREASURY REPORT. Treasury Department, Dec, 10, 1819. Sra—l have the honour to transmit herewith a Rcport, pre pare'd in obedience to the Act, entitled' An Act to establish the Treasury Departmene. f -I, have the houour to be, very respect fully, Sir, your most obedient servant, • • " WM. H. CRAWFORD. The Hon. President of the Senate." In obedience to the directions of the " Act.supple mentary to the Act to establish the Treasury Depart ment;' the Secretiry of the Treasury submitted the following. Report : ' 1.-OF THE. REVENUE. The net Revenue arising from Duties upon Im ports and Tonnage, Internal Duties, Direct Taz, Public Lands, Postage, and other incidental receipts, during the year 1815, amounted to 49,555,642 dol lars 76 cents. viz. Customs (see statement A) Internal Duties Direct Tax • Public Lands 36,306,029. 5 1 5,963,225 88 5,723,152 25 1,287,959 28 Postage, and other incidental receipts 275,282 81 That which accrued' from the same sources, during the year 1816, amounted to 36,657,904 dollars 72 cents, viz. Customs (see statement A) Internal Duties Direct Tax Pubiic Lands - _ 27,484,100 36 4,396,133 25 2,785,343 20 1,754,487 38 Postage, and other incidental receipts 237,640 55 • That which accrued from the same sources, during 1817, amounting to 24,865,227 dollars 24 cents, viz. Customs (see statement A) •• . 17,524,775 15 Internal Duties - - 2,676,1162 77 Dirt ct Tax - - 1 ,833.737 04 Public Lacds (exclusive of Mississippi stock) 2,4315,9-77 Postage, and other incidental receipts - 313,345 .33 • And that which accrued from the same sources, during the year 1818, amounted to 26,095460 lats 65 cents, viz. Customs (see statement A) 21,128,451 48 Arrears of Internallluties (see statement B) 947,946 33 Arrears of Direct Tax (see statement B) Public Lands (exclusive of Mississippi stock) (see statement C) 2,464,527 90 Postage, Dividends on Bank Stock, and other incidental receipts (see statement B) - 590,348 93 It is ascertained, that the gross amount of Duties on Merchandize and Tonnage, which have accrued during the Three First Quarters of the present Year, exceeds 18,000,000 dollars. And the Sales of Pt l)lic Lands, during the same period, have exceeded 8,700,000 dollars. The Payments into the Treasury, during the Three First Quarters of the Yirr, are estimated to amount to (inclusive of 169,594 doll. 7 c. in Treasury-notes) Customs 1.5,604,081 53 Public Lands (exclusive of Mis ;issippi Stock 2,838,5 A 61 Arrears of Internal Duties 195,531 2 Ar rears of Direct Tax 72,880 24 First Instalment payable by the United States Bank Firs . Dividend on the United States Shavn in the United States Bank 175.000 Incidental Receipts - 5!1,09.5 43 Relsnyments - 85,432 •29 And the Payments into the Treasury dosing the Fourth Quarter ojthe Year, from the same sources, are estimated at 263,0 W 01 19,550,687 17 500,000 5,000,C00 Making the whole Amount estimated to fie received into the Treasury, during the Year 183 P (exclusive of 169,394 dull. 7 c. in Trca sury-notes) 24,381,013 10 Which added to the Balance in the Treasury on the Ist day of January List (occlusive of 54,155 doil. 51 C. in Treasury-notes), amount ing to . - 1,446,371 23 *faking the Aggregate Amount of . 23,827 r 184 33 The Application of this Sum ft r 'the Year 1819 is estimated follov►s, viz. To the 30th of September, the Payments,(es elusive of 81,161 doll. 79 c. in Treasury heti% which have been drawn from the Treasury and cancelled), have amounted to 19,192,3117 43 Civikpiplomatic, and Miteel. - . laocous Expenses - 2,544,612 98 Military Service ( 2 2,ncluding Ar rearage) 7,665,961 72 Naval Service (including the permanent Appropriation for the gradual Incrtare of the Navy) 5,597,640 42 Public Debt (exclusive of the sum of 81,161 doll. 79 c. in Trea sury-notes, above mentioned) 4,454,172 31 During the Fourth Quarter, it is unheated that the Payments (exclusive of 120,587 d. 7* c. ire 'treasury -notes, which will be drawn frees the Treasury anti cancelled), will anowan to Viz.—Civil, Dip!ornate, and MU tellancous Expense. 500,000 'Military Service 1,530,000 Naval Service - . 300,000 I'ublic Debt, to the Ist of Ja nuary, 1820, (exclusive of the suns of 120,587 c. in Treasury notes, above mentioned) 4,970,CC0 7,300,000 Making the aggregate Amount, (exclusive of I 201,749 doll. 58 c. in Treasury -notes, thaws from the Treasury and cancelled) of 25,493,337 43 And leaving, on the Ist of January, 1820, a Balance in the Treasury, estimated at 334,994 90 H.—OF THE PUBLIC Dr.BT. The Funded 11,:bt which was contracted be- • • the Tsar 1512, and which was unredeemed on the Ist day of October, 1818, (as appears by Statement I.) amounted to 29,681,230 7 And that contracted subsequently to the lit day of January, 1812, and unredeemed on the ist day of October, 1818, (as appeals by the same Statement) amounted to - • 68,146,039 84 Making the aggregate Amount of 97,827,319 91 Which Sum agrees with the Ammnt stated in the last Annual Report, as unredeemed on the Ist of October, 1818, excepting the sum of 1,885 doll. 15 c. which was then sl:ort estimated, and which has since been corrected by actual settlemtnit. On the lit day of January there was added to the Amount, for Treasury-notes brought into the Treasons and cancelled, and for which the following Stock was issued; In S. per Cent. Stock In Seven per Ccnt. Stock 49,014 71 2,644 0 I Making From which deduct, Louisiana Sis per Cent. Stock, reimbursed on the 91st Of October, 1818 4,977,950 0 And deferred Stock, reimbursed . between the Ist of October, 1818, and the Ist of January, 1819 252,363 27 51,670 71 97,879,990 62 Making the Public Debt which was unre deemed on the Ist January, 1819 (as appears by Statement II.) amount to From the lat January to the 30th September, inclusive, there was, by funding neasury-notes, and issuing 3 per Cent. Stock, for Interest on 5,230,5;3 27 92,649,677 33 old registered Debt, added to thy rtthaii Debts (is appears by Stateikent III.) the ampstst of I Front whirls deduct the NADU= of Stock purchased during that pe riod (as appears by Statement IV.) 411.917 55 And the estimated ra:mburse tnensbf diferred Stock 245,827 88 Making, on the Ist of October, 1819 (as ap pears by statement III.), the sum of - 91,728,527 51 Since the 30th of September, there has been redee . med or provision made for the redemption of fifty-four per cent. of the Louisiana Stock unpaid on the Ist of Ocfober, 1819, amounting to 3 , 601 , 817 15 _ . And there will he reimbursed of the principal of the deferred Si: per Cent. Stock, on the Ist January, 1820 - 241,506 70 . 2,543,323 $5 Leaving the Public Debt unredeemed on the lst oflanuary, 1820. by estimate •8,885,403 66 The Treasury Nbtes in circulation are esti mated (as appears by Statement V.) at - The whole of the Awards made by the Com missioners appointed under the several Acts of Congress for indemnifying certain Claimants ef Public Lands (as appears by Statement VI.) amounts to " 181,621 00 4,282,131 12 Of which there has been received at the office of the Commissioner of the . General Land Office (as appears by Statement C.) the sum of 2,372,574 31 Leaving outstanding, at the dates of the seve ral Returns from the Land Districts - 1,801,576 81 lIL-OF THE ESTIMATES OF THE PUBLIC REVENUE AND OF ExplowiTua&s. FOR THE YEAR 1820. In presenting .the Estimate for the year 1820, it . may be proper to observe, that on the 31st of. De cember, 1817, the permanent Revenue, including those Duties, WAS estimated at 24,525,000 dollars, whilst the annual authorized Expenditure was ascer tained to be less than 22,000,000 dollars. The repeal of the internal duties reduced the former to 22,025,000 dollars, whilst the payments from the Treasury, dur ing the year 1818, exceeded 26,000,000 dollars ; and those of the present year will probably fall but little short of 25,500,000 dollars. In the Annual Report of the Treasury of the 21,st of November, ISIB, the receipts to the present year were estimated at 21,220,000 dollars. Although this Estimate will be realised in its general results, defi ciencies have been ascertained in the Customs, the In ternal Duties and Direct Tax, the Bank Dividends, and the Postage of Letters. The deficiency which ham occurred in the Customs, Internal Duties, and Direct Taxes, will probably augment, in nearly the same degree, the receipts from those sources in the year 1820, by the payment of the Revenue Bonds, and of that portion of the Internal Duties and Direct Taxes, which, if the accustomed punctuality had been ob served, would have been received during the present year. But it is probable that the receipts of that y: - -ar I will be diminished by the non-payment of the Bank Dividends, and by the application of a portion of the proceeds of the public lands to the redemption of the outstanding Mississippi Stock. The receipts for Ihe year 1820, applicable to the ordinary and current demands upon the Treasury, may therefore be esti mated at 2'2,000,000 dollars, viz. Customs - - - - - 19,0(10,000 00 Public Lands - - - - 2,000,000 00 Arrears of Internal Duties and direct Tax - 450,000 00 Second Instalment due by the United States Bank 500,000 cis Incidental Receipts - - - 50,000 00 Which, with the Sum estimated to be in the Trta- , my on the Ist of January, 1820 - 354 4 996 PO Make the aggregate amount of - - 1 3,554,996 90 The estimates of the expenditure for the year 1820 are not yet complete; but it is ascertained, from those which hale already been received, that a sum not less than 27,000-,000 dollars v:ill be requited for the set vice if. that year. This deficit of nearly 5,000,000 dollars, resulting from the excess of ex penditure beyond the receipts, cannot be supplied by any application of the ordinary Revenue. Alter pay ing the interest and re-imbursement of the Public Debt, and redeeming the remainder of the Louisiana Stock, about 2,500,000 dollars of the Sinking Fund will remain without application t if the price of the Public Stocks should continue above the prices at which the Commissioners of the Sinking Fund are authorised to purchase. During the years 1821, 1822,.and 1323, the average sum of 5,000,000 dol lars off ' the Sinking Fund will also remain without application, if the price of the Public Stock should prevent its purchase. Any application of that pot tion of the Sinking Fund which, on account of the price of the Public Stock, may remain unemployed in the hands of the Commissioners of .the Sinking Fund, to other branches of the public service, if allowable under the provisions of the Act making . the appropriation, would only postpone the period at which additional impositions would be required to meet the Public Expenditure. Such an applica tion would also have the effect of ultimately re tarding the redemption of the Public Debt. It may be proper to add, that although some of the items in the Estimate for the ensuing year may be considered in their nature temporary, yet it is probable that the Estimate for succeeding - years will exceed, rather than fall below it. Under . all the circumstances, it is respectfully sub mitted, that the public interest requires that the Re venue be augmented, or that the expenditure be di minished. Should an increase of the. Revenue be deemed ex pedient, a portion of the deficit may be supplied by an addition to the duties now imposed upon various articles of foreign merchandise, and by a reasonable duty upon sales at public auction ; but it is not pro- bable that any modification of the existing tariff can supersede the necessity of resorting to internal tax ation, if the expenditure is not diminished. Shetild Congress deem it expedient to modify the present rate of duties, with a view to afford that protection to our cotton, woollen, and iron manufactures, which is necessary to secure to them the domestic market, the necessity of resorting to a system of internal taxation will be augmented. It is believed that the present is a favourable moment for affording efficient protection to that increasing and important interest, if it can be done consistently with the general inte rest of the Nation. The situation of the countries from whence our foreign manufactures have been principally drawn, authorises the expectation, that, in the event of a monopoly of the home market being secured to our, cotton and woollen manufactures, a considerable portion of the manufacturing skill and capital of zp›a.a. rt vg 0 g . e-N ;7. k -0 " O 07 0 " n VT? a „ r Cents are discarded in this Table.—The whole fr Returns. (Signed) THOS. and J. G. B Philadelphia, Nciv. 24, 1819. _.1.4-4.11 v as v. ill Pm Wm pm Pm X 30 CO CO IC• 00 ILO to Pa :4" G p mn Official ',DDLE DOCUMENTS RELATIVE TO FLORIDA. The series of Documents accompanying the Presi- . dent'; Message to Congress is now completed. The .first portion of them is dated as far back as,the early part of the year 1818, and relates to the grants old lands in the Floridas, made by the King of Spain at that period, which have been stated as obstacles to 'the execution of the Treaty: it appears, however, by a letter from Don Luis de Onis, dated Washing we, November 16, 1818, that his Catholic Majesty consented to annul the grants made to the Duke of Alagon, to the Count .of ninon Rostro, and to M. Vargas, on condition that all those made by Spain, from the year 1802 to the 24th January, 1818, the date of the first proposals for the cession, should be confirmed. This forms the basis of the Bth Article of the Treaty itself. The refusal of Spain to ratify the Treaty, in compliance with the concluding Ar ticle, limiting such ratification to the 22d August, which has been long known to the Public, renders the s official correspondence prior to that date of very subordinate interest. It forms, however, a large por tion of the voluminous documents submitted to Con gress. Mr. Forsyth, the Minister from the United States to Madrid, after the expiration of the limited period, renewed his attempts to procure the ratification of the Treaty. On the 2d of October last, he addressed a letter to the Duke of San Fernando, who had then recently succeeded to the head of the Administra tion, professing his willingness still to accept the ra tification, provided it was distinctly understood that the grants to the Duke of Alagon, the Count of Punon Rostro, and M. Vargas, were annulled by the Bth Article of the Treaty, and that the King's signa ture should be affixed to it within eight days, in older that Captain Read, of the Hornet, who was then Waiting at . Madrid, might be enabled to arrive with LONDON. FRIDAY, JANUARY ‘2,8, 1820. THE FUNDS. PRICE OF STOOKS THIS DAY AT ONE o'cl.c, Bank Stock 222 2221/2 3 per Cent. Ite.;aced 68 3 / 4 3 / 8 3 per Cent. Consols 6867% 3i per Cent. 77% 1 / 8 4 per Cent. 86% 8 87 86'5 . 5 per Cent. ..Navy 103 102 7 / Bank Long Annuities 18 1-16 Imperial 3 per Ccnt. Anns. 6 7'/ India Stock, 208V2 India Bonds 11 s. 12s. pr. South-Sea Stock 75% Old Annuities 68% New Annuities 67 3 / 4 Exchequer Bills (2d.) Ss. 41. pr. Commercial 7s. discount Consols for Acct.6B l / 8 G 7 N. Ow extracts this day from the Ametic German Papers, will . be found highly interests will be seen from the Annual Treasury Repo: seated to Congress, that the whole American R, for five years past, was as follows : • In 1815 - - - - - - . or about 412,388,000 Sterling. In 1816 (the second year of Peace with England) In 1817 - - - - - In 1818 - For 1819 (estimating by the three Quarters ending Ist October - - - - 25 . Or about. £6,000,000 Sterling—about one h they were in 1815, the year after the Peace. The Expenditure, for 1820, is eaimatef millions, being 6,000,000 more than the estim, Revenue. In consequence, the PRESIDENT to Congress the expediency of augmenting tke or reducing the Expenditure. lithe former be . which is probable, whatever may be effected way of reduction, " the Cotton, Woollen, Manufactures" of the United States, are to tested by Duties imposed on British Manual Thus is our own system recoiling upon ourseli the very moment when our Agriculturalistsare ing Associations throughout the Kingdom for ting out (however their object may be ciisgt words) every agricultural product that can in Great Britain. Our ContThental neighbours, it will be pursuing measures similar to those recommended Mr. MONROE. Every where they are complaining that they can find no market for their agricultural produce, owing to the operation of our Corn Bill, fixing the market price, for importation, at 80s. They are everywhere calling out for the imposition of high protecting duties on English goods, in orde► to compel our abandonment of our present system. One thing is abundantly evident. It is only by the disposal of their surplus products that either the 'Germans or the Americans can take our goods; and to no other market can they carry their produce but to the English. The alternative is perplexing. Shall we throw a portion of our lands out of cultivation into pasture? or . shall we throw a large portion et our manufacturing population out of employment? There is yet a third question—Shall we change mode of culture, and substitute human for , labour? We are decided in our opinion, that what ever be the result as to the two alternatives, the latter change ought to be introduced into our system. Without eaters, and drinkers, and wearers, we can never raise the supplies wanted fir our expenditure. These might be greatly increased by the introduction of Spade Husbandry, and with increased profit to the Agriculturist. None but fools can expect to increase their income by lessening (as einigration does) the number of consumers. For the Statement of tho Public Debt of Ame rica, as held by Citizens and Foreigners, on the Is t of January, 1818, we are indebted to a friend. It has not yet appeared in the American Papers. It i s given in dollars. The aggregate taking three pet Cents. and all at 100 per Cent. 92,665,722 dollars. is no more -than £20,849,787 9s. sterling-..say less than twenty-one millions, without deduction for the sums paid off last year. What a miserable, scanty ef Cn answer, ng's it , - ,leavit )n. He rovince which Le Amtri- lanation c. 'aires at had not qr. For- :ly send L person " by *- • iculties, meat of tl:e Fe- alty, as his iii ;- nit}' and t.. , n Spain . ontrrcss. 5 • CCK t can and sting. It >ort, pre- Revenue, Loyart. 49,553,6:2 36,60,904 24,36:4'Ci .t6,095,1:00 25,A,27,224 lalf what ed at fr; estimated r submits Revenue, !adopted, ed in the and Iron be pre- rfactures selves, at are form- • for shut- guised in be raised seen, are leaded by •nplaining Ticultural • .."'orn Bill, , at 80s. mposition , in ordet system. s only by either the ands; and oduce but ng. Shall :ultivation portion it rloyment? hange our for brute that what- atives, the ur system. •s, we can penditure. , troduction rofit to the to increase does) the ' of Alm- on the Is t friend. It )ers. It is three pet !2 dollars. --say less ion for the rte, scanty 56,135 59 92,624,512 94 955,785 43 tie Cduntries will, be proiptli transferred' United States, and iniorp te into tbe dotiestic capital of the Union. Should 'Otis expectation be realised, the disadvantages -resifting from such a iiionopoly would quickly disappear. In the mean time, it is believed that a system of internal taxation would be severely . felt by the great man of our Citi zens.—Whether the Revenue_ be augmented, or the Expenditure diminished, a Loan to some extent will be necessary. The augmentation of the one, or the diminution of the other, cannot be effected in suffi-, dent time to prevent this necessity. As the Six per Cent. Stock of the United States is considerably above par, the sum required to be raised by loan ran be conveniently and advantageously obtained by the sale of Stock of that description ; or it may be ob tained by the issue of Treasury Notes. If the Reve nue and Expenditure shall be equalized, the issue of Treasury Notes, not bearing interest, is recommended in preference to the creation or sale of Stock, as the Loan, in that event, will be small in amount, and tetnperary in its nature. All which is respectfully submitted. Wit.ciam H. CRAWFORD. A STATEMENT, exhibiting the PUBLIC DEBT of the UNITED STATES, a* held on the Ist JANUARY, 1118, by CITIZENS and FOREIGNERS, according to their several kinds; also the AGGREGATE, as held on the lit of JANUARY, 1819. Log r • g D rt , c -$ I 1 I c,,11,...;ifft.',1,r7v1g' "NE - 6,.. 4 : - ; -,. i [ ;;,-; 61 ?41.11 ; 7 4 4.17 Z an"g e) a! if 3 . 4 .9gi ai-i 27«: r ... ... —• • F.! E ei E a ; se ; i ***** ;g::: - : .".• • : 8 I : • led.; S : .11 oh S 3 a : a : P 10 C. 4 .16. 10 tVg au §2 .")! cc C0...4‘00 OI rH v. C 3 tO -4 C, IC IC r. 03 •-• C 3 - 1 :4 03 15 25 c) C 4 W 6 210 4A P. ;f1 IO tn -a 4. .14 Im. ,11 to <A 0-. TO a ;:i 1; ;it l 0 'to . 4 .- - a b t- • a o) to .•-• to to a • :1 ..- a C. JO VIACO 0 au: 4.1 " tt IO to la o 1 0 .1 ) : IC IA ." 11 ot .-• a .... t'7a C IP IA *4 0 ...11 iel .. AO . .6 CO 0 . F L't ...... to 011 :4 la GI ►• C .1.• MI 4. 4,1 - I 01 , Of tdi . 2,a le lc 1::: Z. 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The Duke of San Fernando, in his , which is slated October 8, intimates the Kin. tention to defer the ratification of the Treaty,' the subject, however, still open to negotiatioi. notices the formation - of a Republic in the pro , of Texas, a part of the Kingdom of Mexico, whi supposes to have received the sanction of the / can Goverrinient r7 a subject on which an expi had been demanded by the Charge d'Aff Washington, but the answer of the President been teceived. The Duke of San Fernando also informs 'syth, that the King of Spain would promptl: to the Government of the United States, a possessing his entire confidence, and who, smoothing the obstacles, or removing the diffik which had hitherto opposed the accomplishm , his beneficent intentions, may fully convince • deral Government of the frankness and to?•a . well as of the honour and dignity, which it is' jesty's desire to maintain in his relations of am, union V. ith that Government." This letter closes the negotiation between and America, as far as it has been hitherto rut and concludes the documents presented to Con; THE EVE N NG STA It N CA b. CA • . *0 t.I 11. CA • A. -4 .•-• ... • • O. C C ) CI .... C.ri LO S —l A 10 yl . SA : :S4 IA A• C tz - -.1 • . I;g00 • §. IA -1 lO g to t. ago .-• M et -1 -1 to ti to . .. IC 4. C.: 0 • tO "b -4 ,p) 14 , ft- OD -4 ti : •-• c, to ree 4 ta 10 ;.4 ZA ta a' .7 1 P - V, 6* la a' ''. LL If. 05 .4 ~ 4 %, , 3 ICI 7 01 41 . ;:h ... C: te I* IC --. g_, . ...., S'B S § .co -..... 4 ~1 Q ; 0 4 r 31 . .. • , g , ... "...I .. ;1. b"" .." 4 I ' I§ § !.I i C. ' 0• -4 ... , et .a. 0 4. , C cc op to t• ta L.---„---) g 6 1 • P. 3 P : I 0 g : m r" .~