Republican ledger, and Portsmouth price current — Portsmouth, N.H., 1802-01-19 00:00:00, page 1

Accompanying a Report ^itd sundry Statements
prepared in pursuance of the Adt, fupplimenta
ry to the Act, entitled " An Act to edablilb the
Treasury Department."
TREASURY DEPARTMENT,'
SIR, December 18th, 1801.
I Have the honor to enclose a Report, prepared in
obedience to the directions of the All, Jupplimenta
ry to the Act entitled, "An a# to efabßfh the Treaj
nry Department,” —/ have the honor to be, very
'reipeCtfully, SIR, your obedient servant,
ALBERT GALLATIN
•The hon. the Speaker of the”
HouJeofßepreJentatiies.)
't^ ; 1,
Report
In obedience to the directions of the AM Jupplemen
tary to the,A3 entitled " An.all to efablijh the
T^afnry Department," the Secretary of the
Treasury rejpeftfulty, submits the following Re-,
ports and estimates
THE permanent Revenues of ?he United
States, according to the laws now in force,
consist of—ifE Duties on merchandize
and tonage—2d. Internal duties on stills
and domestic distilled spirit's, refined sugar,
licences, to retailers, sales at audion, and
pleasurable carriages—3d. Proceeds of the
files of public lands —4th. Duties on poft
agd—sth. Dividends .on (hares in the Bank
o'tthe United States— 6th. Incidental, aris
ing from fees, fines and penalties, repays
ments in the treasury, and sales of public
property, other than lands.
Duties on Merchandize and tonage.
The receipts in the Treasury, arifiing
from that fconree, have amounted, for the
ye^r ending o n the 30th September 1801, ta
dollars 10,126,213 92.— If to this sum be
added the drawbacks paid by colle&ors, on
the exportation of domestic distilled spirits
and refined sugar, which are a charge on the
internal revenues, and that part of the addi
tional duties laid in tlie year 1800, which
° did not operate during the year to which
those receipts refer ; the sum which would
have been received, at the present rate of du
ties, cannot be efiimated at less than
,t0,'500,000 dollars. The amont of duties
Crrent prices of per from to
D. C. D. C
ASHES, Pot, iflfort, T. 126 66 0 0
, Pearl -- 146 66 150 0
Allum, C. 8 0 9 °
Anchors, fb° 0 12 0 0
Bread, Ship C. 450 6 50
Butter ffi 0 15 °l6
Beef, common B. 9 0 0 0
mess — 11 0 11 0
Bean, white bu, 1 2 5 1 2 5
Brandy, Spanish 4th,r. G. t 48 I 50
, Naples 4^ /r. -- 140 145
Barley bu. 1 0 1 10
Brimstone, C. 3 0 4 0
Briniftone, Roll C. 450 5 0
Corn, Indian -- 067 075
Rye .- 1 0 0 0
Caffiia ftj 00 080
Cloves — 2 0 216
Coffee -- 0 19 0 20
Cheese, American -- 0 6 016
Cotton, foreign Scarce -- 045 050
, American -- 030 0 32
Cordage, American C. 14 50 1 50
, Foreign, -- 12 0 13 °
Chocolate, common ftj 020 020
, beft No. 2&1 -- 030 033
Candles, mould -- 020 020
, dipt ,-- 017 0 17
, foreign Ch.. 14 0 14 0
Coals , American none, -- 0 0 0 0
Copperas, C. 350 4 0
Cloth, Tow yd. 0 15 0 17
Duck, Raffia, if qual. Bt. 16 0 18 0
, Ravens -- io 50 If 0
FOREIGN BILLS.
Bills bn London : 30 days, : (For CaJb) 2to 2| pr. cent. dis.
do. do. : : : 00 days, : : do. : 2{ -a 3 pr. ct. dis.
do. do. : : : 90 days, : : do. : ou3| do. do.
Bills on Hamburg, payable in London, at 60 days, : : do. do. do. do.
do. on Amsterdam, payable in do. 60 days, : : do. do. do.
Number 22. VOL. III.]
FROM THE . ,
SECRETARY OF THE TREASURY.
LETTER
PORTSMOUTH, (NEW-HAMPSHIRE) PRINTED BY NUTTING & WHITELOCK, COURT-STREET, OPPOSITE THE BRICK MARKET.
Republican Ledger,
AND
PORTSMOUTH PRICE CURRENT.
CTben gou fyall tbefe ucc^ relate fpcak of them ag tfa are :
How far this branch of revenue may
be affe&ed by the restoration of peace in Eu
rope, is rather a fobje& of speculative con
jeaure than of calculation : —That it will
be liable to sudden and considerable fluctua
tion, cannot be doubted ; and for that rea
son a greater degree of correanefs may be
obtained , by forming an estimate for a num
ber of years than for any one year.
The period, for which such an eftimgte
Should be made, being arbitrary so far as re
lates to the revenue ; that of the eight
years 1802 —1809 is feleaed, principally in
reference to the payments to be made on ac
count of the public debt : the whole of the
foreign debt being actually due withn that
term of years; and the eight per cent, flock
becoming redeemable the last year of the
period..
The b'eCt data on which the estimate may
be predicated, seem to be the actual consump
tion of imported articles during former years,
and the ratio of encreafe of population, as
afeertained by the census.
With a viw to the firft object, the state
ments A to H, have been abftafted from the
records in the Treasury; They exhibit
the value or quantities of imported articles,
on which duties have been actually paid for
each calender year from 1790 to ißoo, de
du&ing from the gross amount imported each
year the value or quantities of articles re
exported during the fame year, which were
entitled to drawbacks
Those statements do hot, hoWeVef; ffiow
correaly, principally for the last years, the
a&ual annual amount of consumption, be
cause, iff. exportations to a considerable,
but not precisely afeertained, amount, have
taken place under such circumstances as did
not entitle the articles exported to a daraw
back : and 2d. the amount of foreign arti
secured on the 30th September lad, and fall
ing due in the course of the year 1802, com
pared with that of preceeding years; juftifies
an opinion; that, had the importations and
exportations continued in the fame propor
tion, those duties would have brought into
the Treasury, during the year 1802, near
eleven millions of dollars.
Current prices of per from to
D. C. D. C.
Flaxseed, rough bu. 1 0 1 10
Fish, Merchant, C. 4 0 450
,W. India mark. -- 325 375
Scale 2 75 3 17
Salmon none B. 10 0 0 o'
Mackerel -- 750 8 0
Flour, fdper. frefh -- 850 0 0
, fine -- 8 0 0 0
, middlings -- 750 0 0
, country C. 4 0 4 0
Fuftick T. 45 0 0 0
. , Bristol cr. loby 8, bx. 15 0 15 50
fl 9 b Y 7> - 14 0 14 50
Bby6, -- 11 o' II 50
r^ ) Hamburg io by 8, -- 13 0 0 0
C 7by 9 , -- 13 0 0 0
Gun Powder lb 0 50 0 55
Geneva, Holland 1/? pr G. 1 25 1 33
, Americanize -- 090 0 0
Hoops, hhd. 12 ft. M. 24 0 26 0
Hogs Lard ftj 015 0 17
Iron r Philadelphia A.135 0 139 0
, Russia -- 120 0 120 0
, Swedes none -- 135 0 ^35 0
Logwood T. 40 0 45 0
Lead, white, gr. in oil C. 0 0 16 0
, dry -- 15 6 15 0
, red -- 850 0 0
, sheet, -- 10 50 0 0
Lemons freflj bx. 12 0 0 0
Lumber, boards clear M. 17 0 18 0
, , merch. -- 11 0 12 0
Singles -- 150 250
©bolefate prices Current, at porifmoutb, jaeto^ampwire.
CAREFULLY REVISED AND CORRECTED, ON SATURDAYS.
TUESDAY, JANUARY i 9, ^oz.
Course of Grebange, at Lofton.
—<-<^<i
cles remaining on hand at the close of the
year 1800, was much greater in proportion
to the refpeClive population, than that on
hand at the commencement of the year
1790. Those causes which affe£t to an in
considerable degree the years 1790 to 17%,
& but partially those immediately succeeding,
would however, render any deduction draw n
from those documents, in relation tothe
years 1799 and 1800, altogether fallicious.
I he preceeding nine years may be divid
ed into two diftina periods ; the firft, from
the firft day of January 1790, to the 31st day
of December 1792, includes the three years
which immediately proceeded the European
maratime war ; the second includes the
fix firfl years of thatwar, viz. from the
commencement of 1793, '° 'he close of
In order to obtain a diftind View, for each
of these two periods, of the annual average
consumption of foreign articles, and of the
annual aVarage revenue which aghe rate 0
the present duties, would have accrued there
on the table | L.] has been prepared, which
at the rate of the present duties, would
have accrued during each of those two pe
riods, amount on an average, for the years
1790 to 1792, to 6,163;°°° dollars . and
for the years 1793 to 1 79”' to 8,350,000
dollars. These sums constitute, not the re
ceipts of the year ending on the 30th Sep
tember 1801, as above dated, may, without
material error, be considered as the , receipts
of three diflina years, tour years and an half
distant each from the other, viz.
Dolls.
For the year ending 30th Sept. 179?*, ^^oco.
For the year ending 30th March 1798, 3,350,000
For the year ending 30th Sept. ißor, 10,500 000
The ratio of increase during the whole
period of nine years, exceeds seventy per
cent, whilst that'of population, during the
fame time, was hardly more than thirty per
cent.
The ratio of increafeduringthefirft period
of four years and an half, is near 35 P er
cent, and during the last more than 25 §
per cent ; whillt thaiof population, for each
period, was only at the rate of 14 per cent,
Current prices of per from to
D. c. D. c.
Lime, half hhd. 1 75 2 0
Leather, Soal, dried, lb 0 '8 0 c
Molasses G. 040 045
Nutmegs tb 6 ° 650
Nail Rods scarce T. 8 0 0 0
relent M ° °3 6 0 0
ti |6dff - 070 072
^) 6d, wrought — 117 0 0
< ; lod, do. iiifpeQed -- 175 183
Z I 2od, do. do. -- 240 250
(Sheathing, cut C. 12 50 0 0
4 ( Liver B. 14 0 15 0
Q(Pinfeed G. 1 0 1 5
Pepper lb 033 034
Pork, bed pieces B. 17 0 19 0
, common — 13 0 15 0
Peas bu. 1 25 1 50
Pimento lb 020 22 0
Pitch, scarce, B. 6 0 0 0
Paper, Sheathing C. 375 4 0
Redwood T. 55 0 60 0
Raifins/r^ calk 7 50 0 c
Rum, Jamaica G. 1 17 1 2c
, Windward 3d pr.— 090 1 c
Rice scarce C. 6 0 6 5c
Rosin scarce B. 450 6 <
Soap, white ft, 014 oit
, brown -- 010 01:
Starch, Poland lb 025 o 3 <
, American -- 0 I2| 01'
Sugar, Havannah C. 18 0 19 <
; Eaft-Indid -- 14 0 0 c
, Weft-India -2 9 0 12 0
INLAND BILLS.
Bills on Baltimore, 30 days fight, (For Cash) 1 per cent dis.
do. Philadelphia, . : : de. : do. do. do.
do. New-York, : : do. ': do. do. do.
do. Philadelphia, or) ,
Ne^York, f 6 d ° - d ° a
N. B. Bills at shorter fight, proportionable higher.
Mottling ertennatc, nor set seton otigljt in malice.
[1 DOL. 50 CTS. PER ANNUM
Current prices of per from to
D. c. b. c.
Sugar, Loaf IL 027 028
Salt, St. Übes scarce H. 650 7 6
, Turk's Illand --7 0 7 0
, Liverpool -- 450 5 0
, Rock — 750 0;0
Steel, German lb 0 [ 5 0 17
, English -- olb ,0 ig
Salt Petre, rough -- 020 0 0
Shot C. Io 0 10 50
(W.O.hhd. M. 24 0 26 0
I do. do. heading -- 26 0 28 o
> J W. O. bbl. -- 10 0 12 0
<\R. O. hhd. -- Io 0 11 0
^ do. Shooks 066 0 7$
(W. O. do. 120 130
Tin in sheets b*. 18 0 20 0
Far B. 350 4 o
Turpentine — 40 450
Tea, Hyfon lb 112 1 17
, Souchong -- 085 090
, Bohea -- 040 040
Tobacco, Jamesßiver C. 7 0 0 0
, Georgia — 6 0 0 0
Twine, sewing doz. 567 6 0
, seine — 5 0 55°
.(Madeira G. 217 283
Q | Lisbon — 120 130
Z < Sherry, scarce — 146 150
I Malaga q.C. 32 0 33 0
? (Red Port farce — 167 Retail
(Redwood T. '6O 0 0 0
0 < Logwood -- 50 0 0 0
I ^ (Fuitic -- 40' 0 45 0
The greater ratio of encreafe during the firft
than during the last period of four yea rs and
an half, is owing to the comparison, in the
firft, being between a period of European
peace, and a period of European war.
The ratio of encreafe of population, being
afeertained by the census to be at the rate of
34 per cent for ten years ; if the increase of
consumption shall be supposed to be hereaf
ter precisely the fame as that of population,
the annual receipts of the eight years, 1802
—IBO9, ma y be fftimated as nearly fifty
per cent, greater than those of the years
1790 —1792, or at a sum of near 9,250,000
dollars, it that period be assumed as the ba
sis on which to predicate the eßimate. But
if the calculation shall be grounded on thd
revenue of the years 1793 —1798, the annu
al receipts of the years 1802—1809 fhonld
be estimated as about 30 f per cent greater
than thole of that period, or at about
10,900,000 dollars^"'
It seems that those 'wo reTpeCliVe Tuffis
may reasonably be^onfidered as the two ex
tremes; which the average annual receipts of
the Benfuing years will not be exceed. The
firft calculation of 9,250,000 dollars; appears
to be b'elow the probable fefult, since, being
predicated on the consumption of the three
years preceeding the European fnafatime
war, without any other addition, than that
reftilting from the afeertained encreafe of
population, it tells on the fuppolitioh/. that
the permanent wealth of the United States
has not; during that war, encrea fed ip any
greater proportion than their population :
and that the whole of theexterdal commerce
acquired during the fame period, must ne
cetfarily 'be 'loft by the return ol peace a
mongst foreign nations.
Although, therefore, ft be presumable,
that the receipts of some of these years will,
from temporary causes fall below that sum,
it is believed that, taking the whole period
of eight years the duties ofimerchandize apd
tonage may fafely be averaged at a sum not
less than 9,500,000 dollars.
As a minute invefligation of the fereraf
rates of duty now paid by the several Specie"
of foreign merchandize may, perhaps, fug-