United States oracle and Portsmouth advertiser — Portsmouth, N.H., 1803-01-15 00:00:00, page 1

"'AMERICAN INDEPENDENCE TWENTY-SIXTH YEAR. =
Bited States
Portsmouth
' PORTSMOUTH, N.H. Printed and Publiihed every
Vol. XIII.) SATURDAY, January 15, 1803.
Os ALL THE DISPOSITIONS AND HABITS WHICH LEAD TO POLITICALS
PROSPERITY, RELIGION & MORALITY ARE indispensable >
SUPPORTS. — Washington's Legacy.)
(AMES RUNDLET,
Re/peQfuHy informs bis friends &
customers that be bus taken a Store in
CongrefsJlrcet, between the Bell Tav
ern and the State House, where be ba,
now read, for file bis flock in trade,
which was refaed from the general
conflagration, by the feinted and timely
f exertions of his friends, to whom be
begs leave to tender bis grateful ac
knowledgments. —
His affo<tmcn< conGHs of the following :
Superfine, midling and low
priced Broadcloths and Caftimeres
the most fashionable colors and mix
tures ; Devbhfhire Kerfeys ; Plains ;
Serges ; Forest Cloths ; Ratteens ;
brown, blue, drab and mixt Coatings;
Tearnaughts ; Shaggs ; Swanskins ;
Baizes and Flannels of all colors ;
£ i:^^ & '* Rose Blankets.
A great variety of
Elegant silk velvet vest Shapes,
Sawandow and Toilinet ditto ; white
and coloured Quilting ditto ; mens'
rich black Satin and silk Florentine;
striped Satins,
A handsome ^frrtment of
London Chintzes ; Calicoes ;
Patch Furnitures ; Copperplates ;
Dimities ; Muflinets § Damalk Table
Cloths ; India Napkins and Table
Cloths ; Cotton Fringes.
Black, white, and fancy co
lored Camels hair Shawls, elegant silk
Shawls, muslin, chintz and purple
Shawls, Linen, Cotton, Bandanna,
Sufterfoy & black silk Handkerchiefs,
cotton and linen cambrick ditto.
Wildbores ; Camblets ; Shal
loons ; plain and griped Calimancoes;
Ruffels, Florentines. Durants and
Tammies ; Velvets ; Thickfetts ; Cor
duroys ; Hunters Cord ; Fuftains ;
Jeans ; Darrels and Nm^nets.
zi great variety of
Mens' patent knotted worked,
silk and worked, all silk, and cotton
Hosiery ; Ladies' cotton & silk Hcfe,
feme with laced clocks ; womens'
long and short colored cotton Gloved
and Mitts ; black cotton and worse.
ditto ; black, white and colored I^3
and (hort silk Gloves ; Mens' beavers
Gloves, some lined with flannel, cot
ton and silk ditto.
Fashionable colored & black
Sarlhet Cambricks ; black Jackonet
Muslins, cambrick Mullins, jaconet
book, book fprig'd, and Tambored
Muffins, glaized Cambricks ; mullin
Handkerchiefs ; Tambored neck
Cloths ; stock ftiftrers.
A great variety f
Florence silks ; India & French
Luftrings ; striped and plad Italian
Silks ; English and India Sattins for
Cloaks ; peling Satins ; Modes ; Cy
orefs ; Gauze ; wide and narrow I
'ilian Crape ; black silk velvet ;
thread Laces and Edgings; black
Laces ; satin, mode and china Rib
-1 ons • pound Ribbons and Gallooms.
A' few elegant London full
dress Bonnets, Ladies' split Grow vil
lage Bonnets, gipfey hat Bonnets, gip
fey Hats, girls' and womens' common
straw and willow Bonnets, chip Hats ;
straw Trimmings ; Bands and Taf
. fils, straw Rofetts, fancy straw Flow
-s and Plumes, artificial Flowers aud
Vreaths, Sunflower Wreaths.
A large afar tment 0/
Mens' beaver and other Hats
of all prices by the case or retail;
Womens' beaver Hats and Bonnets,
with bauds and plumes. ,
Umbrellas, some with walk
ing canes; Parrafols ; Fans; Cottons
& Braces ; colored &-white Threads ;
pound Pins, packet and bundle ditto.
^Xand yard wide Iriih and
LINNENS; b,wn Hollands;
India Coltons ; Cotton ftrff & checks,
India Caliicoes ; Sewing Silks and Iwills,
ilhioiuble gilt and plated coat and vest
Buttons ; Button-moulds ; Penfoes ;
Pencils; Scif^s ; sooty Combs ; Velvet
Hfo; red Morocco
; Ladies 1 Morocco Pocket booksand Thread
so; llUrt Wires; Ink Powder; Tapes;
Bobbins, &c.,
Carpets & Carpeting.
PAPER HANGINGS & BOR
*DERS, at reduced prices.
OAII those indebted to him
rid whose time of credit has expired,
aite refpeafully requeued to make
rryment, without a more particular
'irritation.
REPORT
OF THE
SECRETARY of the TREASURY.
—o—
— obedience to the directions of the
ad fupplem@tary to the ad,entitled,
"An aft to eßablilh the Treasury De
partment," the Secretary of the Trea
sury refpedfully submits the following
REPORT:
' THE permanent Revenues of the U.
States, exclusively of, fees, fines and
penalties, which in a general view ot
the fubjeft, may be omitted, consist of,
duties on Merchandize and Tonnage ;
proceeds of the sales of Public lands,
and duties on Postage.
The duties on postage which were, in
the annual report of halt year, eßimatai
ed at 50,000 dollars, have, during the
year ending on the 30th day of Sep
tember last, yielded 50,500 dollars.—
The decrease of Ship letters, the exten
sion of the eftabliihment though un
productive roads, and the acceleration
,of the progress of the mail, may, how- 4
h ever, cause some defalcation in the re-
I ceipts of the ensuing year.
326,052 dollars and 8 cents have
been received during the fame year, on
account of public lands, of which sum
17,162 dollars and 50 cents Were paid
in the Treafury,in evidences of the pub.
lie debt, and 179,575 dollars and 52
cents in specie. The local Situation of
the land offices not having yet render,
ed it practicable to draw the balance
from the receivers of public monies.
340,000 acres of land have been fold
for 680,000 dollars, during the year,
eliding on the 31st day of October last ;
of which quantity near 97,000 acres
were fold on account of pre-emptions
claimed by purchasers under John
.Cfcr 8-rr.racs, and 243,060 acres, are
the result of Current Sales. The
annexed Statement (A) designates the
quantities refpedively fold in the Seve
ral diftrifks, and the annual payments
receivable on account of the balance of
dollars due on theft and on the
ofc several results it appears
that the annual receipts under
snead, will not on an average, fall
Short ts the sum of 400,000 dollars, at
which they have been estimated.
Although it had been anticipated that
the receipts in the Treasury, on account
of duties on merchandize and tonnage,
could not, for the present year, be af
fected by the reßoration of peace in Eu
rope, yet the sum actually paid has ex
ceeded the most sanguine expectations :
12,280,000 dollars have been received
during the course of the year ending on
the 30th day of September last ; a sum
larger, by two millions of dollars, than
the amount received for the fame duties
during the preceding or any other year,
and which exceeds, by 1,200,000 dol
lars, the aggregate heretofore collected,
in any one year, on account of both the
Impost, and the Internal Duties,
repealed by an aft of last feffioa.
This excess, which had not been cal
culated upon, is considered, alone, as
amply fyfficient to cover any possible
defalcation which might, during the
next and ensuing fear, r_-'nce that
branch of the Revenue,below last year's
estimate of 9,500,000 dollars. Such
defalcation is not, however, apprehend
ed, for although there are not yet fuf
ficient data, precisely to ascertain the
effect of peace on the amount of duties,
those which are in the possession of this
Department, tend to corroborate the
preemption, that that sum, at leaß
(nine millions and an half) will hereaf
ter be annually received. The state
ment (B ) which exhibits a compara
tive view of that Revenue, for each
quarter during the last two years, Shows
that the amount of duties accrued dur
ing the nine firft months of the present
year, exceeds 11,300,000 dollars, and
after deducing 3,500.000 dollars, a
mouot of debentures issued during the
fame period, on account of the re-ex
portations of foreign goods, leaves for
those three quarters, a balance of more
than 7,800,000 dollars, fubjeCt to no
other deduction than the expenses of
collection : and from the knowledge al
ready obtained of the importations dur
ing the present quarter, as well as from
the gradual diminution of re-exporta
tions, no doubt remains that the nett
revenue accruing during the whole year,
wilLexcecd the estimate.
From present appearances,the whole
of the permanent Revenues of the Unit
ed States may therefore be reasonably
computed at 10,000,000-- of which
sum, 7,300, 000 dollars are appropriated
for the payment cfrhe principal and
interest of ttePublic Debt,and 2,700,000
dollars are applic * io the current ex
penses of Governing.
According to the estimates for the
year 1803, those expenses will exclusive
ly ofa sum of 180,000 dollars, wanted
to cover the navy deficiencies of the
years 1801, and 1802, but including
sundry permanentappropriations,which
make no part of the annual edimates,
amount to 2,660,000 dollars: to wit.
For the Civil Department arid all
Domettic Expences of a civil nature, 680,000
For the expenses attending the intcr
courfe with Foreign Nations, includ
'' % @izc Carafes and Barbary Powers, 150,000
For the Military & Indian Depart
ments, 830,000
For the Naval Eftsblifhment, cal
culated on a fuppofnirn that fix fri
, gates Ihall be kept in confaac cm
.ploymeat, 900,000
Dollars— 2,660,000
Neither the payments due on a zount
of the convention with Great Britain,
and which will forkhree years, amount
annually to 888,00 b dolls, nor the in
stallments and interests due on acc't of
the 200,000 dolls, loan obtained from
the Rate of Maryland, for the city of
Washington, are included in that cal
culation ; as they may be defrayed out
of the following resources, which make
no part of the Permanent Revenues, viz.
Ift. The surplus of specie in the Trea
sury, which, as the whole amount there
will not at the close of the present year,
fall much Ihort of 5,000,000 millions of
dlls, far exceed the sum which it is pru
dent to keep.
?dly. The unroß^ac^ arre^r. nf
Hire# Tax, efttmated at, q.oo,ooodlls.
and jdly. The outstanding uncollec
ted Internal Duties, amounting to gear
700,000 dolls.
The only embarrassment experienced
during the course of lalt year, arefe
from the difficulty of procuring the re
mittances necessary to meet the large
inftalimentt of the debt due in Holland.
The impossibility of obtaining bills on
that country, to the amount wanted by
government, and the loss which, on ac
count of the rate of exchange, must be
incurred by remitting circuitously thro'
England, induced the secretary of the
treasury to recommend, in a report to
the commissioners of the Sinking Fund
(marked C.) a recourse to bank Rock
as the most favorable mode of remit
ting''
Os the 5000 (hares in the stock of the
Bank of the U. S, originally fubferibed
by the United States, 2780 (hares had
been fold in the year 1796, by virtue of
the ad intituled, An ad making pr%
vision for the payment of certain debts of the
U.S. and for the purpose of difeharging
a part of the debt due to the bank. The
remaining 2220 (hares were now under
the fame authority, fold at 45 pr. cent
advance : The 1,287.,600 dollars which
they produced, were in conformity to
the provisions of the said a&, applied
towards difeharging an equal amount
of that part of the debt which had be
come due to the bank before or during
the year 1796 ; and the purchaser of
the Rock fold at the fame time to the
treasury, an equal sum in bills on Hol
land, at 41 cents the gilder; the secur
ing of which large amount, at that rate,
was the inducement, on the part of gov
ernment to dispose of the bank Rock
on those terms. As the dividend, usu
ally received, on the bank Rock fold,
and the annual interest payable on the ,
debt due to the bank thus extinguished,
were nearly equal, the July half-yearly
dividend on the stock, was, in fad, the
premium paid for the purpose of Bffefy
ing the remittance ; and government
has thereby been enabled to obtain,
without railing the price of exchange,
the whole amount wanted to/hect the
payments due in Holland,till fae month
of Sept. 1803..4.
Exclusively of, and in addition to the.
debt of 1,287,600 dolls, thus paid to
the bank, out of the proceeds of the
falesof bank Shares—,(um °f Ds. 8,334,-
757 89 has been ^id out of the treasu
ry during the year ending an the 3 0[ ,
of Sept, last, on account of the princi
pal and interest of the public debt, and
the payments in part cf the principal
of the debt, made during the fame
period, have been as followed ;
iR# The payments on
account of the principal
and interest of the Do
jneftic Dt. have been 4,628,105 39
From which deduc
ing one year's interest
on the fame 347°A59 75
Leaves a sum applied
to the reimbursement of
the principal of the 6
pr. ct. and def. ftocks,of 0,7^45 64
2d. Paid to foreign officers, and for
registered debt 9>6°3 X $
3d. Principal of domestic loans, (ex
clusively of the 1,287,600 dollars paid
out of the proceeds of bank Shares) 202,400
4th. Evidences of public debt paid
for lands ITi l '* 5°
jth. The payments on account of
the principal and interest of the for
eign debt have been 3,3x0,874 so
From which }
sum deducting
one y's int. &
charges eq'l to 464,731
And on ac. of
the diff, rates at
w'h bills have
been purch. &
of sundry bills
ret. for nonpay.
and now in suit
a further sum of 82,284 98
Leaves applicable to pay ,
ment of principal2,76s,B^ 34
Amounting altogether to 4,154,869 66
And if to that sum Shall be added 1,287,000
p'd. on acc,of the principal of the d't.
due to the bank out of the proceeds
of the falelof the bank Shares the to
tal amount of the debt extinguished in - ■“-
that year will be found to be 5,44 0 ,4°9 66
The balance of the specie in the trea
sury which on the firft day of O&ober,
ißci, amounted to 2,948,718 dolls.
73 cts. had increased on the ift of Oa.
1802, to the fam of 4,539^675 dolls
and 57 cts. making a difference, in fa
vor of the treasury, of 1,590.956 dolls,
and 84 cts. which last sum, added to
the above payment of
,^2,869 dolls, and 65 cci. made oirr
of the treasury on account of the prin
cipal of the public debt, makes an ac
tual difference, in favor of the U. S. of
more than 5,740,000 dolls, during that
year.-
The payments on account of the principal of
the Public Debt,from the firft day of April 1801,
to the 30th day of September 1802, (exclusive
ly of and in addition to the Bank Debt difeharg
cd out of the proceeds of Bank Shares) amounts
co Dollars 5,339^*6 44
—viz — - ——
On account of the
Domcilic Debt,' 1,334,944 81
" Oh account of the
Foreign Debt, 3,304543 63
And in repayment of
temporary Loans, 702,400
And if to that sum Shall be added
the inercafe of specie in the Treas
ury, during the fame period, which
(as the amount on the ift April,ißor,
did not exceed 1,794,044 dollars and
85 cents) amounts to 2,735,640 72
the difference in favor of the U.S. 1,085,517 16
• for thole eighteen mouths.will be found equal to"
8,085.517 16,
Os the annual appropriation of 7,300,000
dollars for the principal and interest of the 1 u '~
lie Debt, near 3,900,000 dollars will be wanted
to pay the interest which falls due in the year #
1803, and the residue, amounting to 3,400,000
dollars, may be considered as the sum upphea^
blc, during that year, to the extingunbrnet
the principal of the pQhc debt.
From all which, it refolts, that so long as the
United States (ball not hffllfrd by any unfurc
fecq c^fy, and whilftft public
turec Shall be kept within t^r present 1'
there doe, not appear any neceffity^}£
the public ftnues % [Emitted by
All which is ^ o ,^;%faxr&
Tredfury Departments
fo%''Cre tcma " willbe '''"' in
our next, (g)
At a Ming of the Commissioners of the
Sinking Fund, on the 7thfy, x%2
--PRESENT,
the Secretary of State,
'The Secretary of the Treasury,
The Attorney General of the United
Stages. „. ,
The Secretary of the treasury re
ported to the Board, that provision has
already been made to meet nearly all
the demands which will become due in
Holland, during the coorfe of the pre
sent year, but, that it is necessary to
make immediate provision for the pay
ments on account of principal and in
terest which fall due there, during the
firft five months of the year 1803, and
amounting to 4,439830 Guilders, and
payable at the following periods, viz.
Ift of January, 872,700 Guilders,
Ift of February, 986,350 do.
ift of March, 601,000 do.
FEDERAL GOVERN MLF^U^TE^.
•—_=_—_ —fa - x. ....
©rade, anti
Advertiser.
trar-tct— -= to—9=—rantemt —c—P=C toe —mfettrnttrarn —t„
Saturday Morning, by Will'm & Dan'l. Treadwell.
PrICE ONE DOLLAR AND FIFTY CENTS PER ANN. [% 14.
{^ADVERTISEMENTS reasonably and conspicuously inserted— Commu
NICATIONS duly attended to—and every Favok thankfully acknowl
' EDG^D.
ift of June, 1,979,780 do.
That from the great diminution of
trade, between this country and Hol
land, he has afeertain^, during his late
excursion to New-York and Philadel
phia, that it is impracticable to obtain
bills on Holland to that amount : That
the rate cf Exchange is already forty
one cents per Guilder, and that any at
tempt on the part of the Government
to procure the large amount now want
ed, would indubitably raise, considera
bly, the rate of Exchange : That ifit
(hall be attempted to remit by the way
of England, the loss will be also consi
derable, the present rare of Exchange
with that country, being now above .
par and rising, and would indubitably
be enhanced, (houlC Government come
into the market for large purchases ;
and the rate of Exchange between Eng
land and Holland, being by the last ad
vices 10 Guilders 8 Stivers per pound
sterling, nor likely to become more fa
vorable, which supposing the whole a
mount in bills on England to be pio-/
curable (which is not believed to be th^
fact) at 168, would including the cefo
miffion of 1 per cent, in Englands a
moUnc to 43f cents per Guilder : Tn4L-~
the Bank of the United States, having
been applied to, has refufed to under
take to contrast for making the necessa
ry remittance : And that the two only
considerable offers made to the Secreta
ry, are now Submitted to the Board,viz.
The Manhattan Company offer to
remit the whole, at the rate of 43 cents
per Guilder.
Alexander Baring offers to remit Guil
ders 3,140,487 i6f payable in z/mfter+
dam, at the following dates viz.
ift of January, 1803, 605,000 Guilders
ift of February, 685,000 do.
ift oTMurch, 425,000 do - —.
Tft of June, ,42f-+B, 16; do.
and at th. , tt or'4l cents per Guil
der, provided, however, that the U
nited Stages Shall fell to him the two
thousand two hundred and twenty-
Shares of the Bank of the United States,
owned by the United States, at 4; per
cent advance or at the rate of 580 dal-.
lars per (hare ; which last proposition
is recommended by the Secretary cf
the Treasury, as the most eligible ; as
exclusively of the advantageous rate of
Exchange, thereby secured, the tranf
aCtion will not have any unfavorable
effect on the rate of exchange general
ly, and by so considerably diminishing
the demand, will enable the United
States 'to attain what is Rill wanted at
a reasonable rate : And because, in sos
opinion,the price obtained for the Bank
Shares, is more than conld be otained,
were theythrown in th^ markerfor sale,
and more than their i^trinfic /alue.
Whereupon, it w/ s refoked by the
Board, " That th. Secretary of the
Treasury be authorized to fell the.
Shares of the S^k of the Bank of the
United Seat,; belonging to the United
States ; a^that the proceeds thereof
be appii^to the payment of the capi
tal or principal of any part of the debt
of the United States, which had be
cope due to the Bank of the United
,Gates, before or during the course of
the year 1796, and which remains Rill
unpaid, in conformity to the provisions
of the act entitled, “an a& making pro
vision for the payment cf certain debts
of the United States," palled on the 3 tit
. day of May, 1796."
(Signed) JAMES MADDISON.
Secretary of State.
ALBERT GALLATIN.
Secretary of the Treafury^
LEVI LINCOLN,
Attorney General.
Edward Jones Secretary to the Board*)
of Commifrnerc es the Sinking Fund. )
0
COMMENT.
It appears from Mr. Gallatin's own statement,
that he had placed in his hands the fem of tb#ee
utiHionc,three hundred and ten thousand, eight hundred
and fcventyfur dollars, and thirty true centra
making a difference between the money giv
en him to pay, and the payment adnaHy
made 545,015 dollars, 98 cents; but fr^m
this must be deduced the interest of the
firft mentioned fam, which Mr. Gallatiqn has
cunningly blended with the charges, so ar that
the separate amount of each might not appear
The interest on the firft sum, fay 5 per cent,-
mount to x6sJ4fyolUrs, and ,t cents; this
being fuhtraded gives us an accurate Basement
of the lose be has incurred in this Single opera
tion, namely,*— Three hundred and seventy-nine
tboafad,four hundred end Jeienty t^o dollars, and
tweaty-feven cents. So much for the firft opera
tion of the Genevian financier. We will thank
any of ths able democratic editors to inform us,
if since th&ft establishment of the Treasury,
so much loss has ever before been incurred by
any American Secretary ?. £Nrfofe