Republican ledger, and Portsmouth price current — Portsmouth, N.H., 1802-01-26 00:00:00, page 2

DOLLS.
For all doraeftic expenses of a civil na
ture, including the civil department,
and all the miscellaneous items of the
light houses and mint establishments of
the Purveying department,-of pensions,
claims and contingencies. 780,000
For all the expences of intercourse with
foreign nations, including those of the
diplomatic department, those incident
to the prosecution of claims and to the
protection of feainenin foreign countries,
and those in relation* to the barbary.
powers, goo,ooo
For the military establishment including
all the expences in relation to the army,
to arsenals and magazines, to the fabri
cation and purchase of arms and milita
ry (tores, fortifications, & to the Indian
department. 1,420,000
For the navy department, including all
the expences in relation to toe ships,
kept in confmiffion, or laid up in ordin
ary, to the building of new ships, and to
dockyards. 1,100,000
3.500,000
Making altogether three millions & five
hundred thousand dollars, which sum deduct
ed from the eflimated revenue of ten millions
and fix hundred thousand dollars, leaves a
sum of (even millions and one hundred
thousand dollars, annually applicable to the
payment of intereß and redemption of the
principle of public debt.
It muff be further observed, that the sums
affigued to each head of expenditure, being
deducted fxomjthe estimates of appropriations
necessary for the ensuing year ; and these
having been calculated before the re-estab
lishment of peace in Europe was known,
they are predicated, for every item which
relates to supplies on the then exiting prices.
A considerable reduction will take place in
every item, which depends on the price of
provisions, freights transportation and even
wages Although the saving thence arising
cannot vet be correctly ascertained, it may not
beeftimated at less than 200,000 dollars annu
ally. It is therefore believed that after de
fraying every expence neceflary to support
every civil, military, or naval establishment,
to the extent now authorifed by law ; the
annual surplus applicable to the debt, may
be confidently efiimatedat seven millions and
three hundred thousand dollars.
The statement [V] exhibits the amount of
the unredeemed principal of the public debt
as it will be on the id of January next, and
of the annual interest and charges payable
thereon, including the annual reimburse
ment on the fix per cent and deferred flocks.
By the printed statements of receipts and ex
penditures for the year 1800 transmitted to
Congress the firft week of the pretent ses
sion ; it appears that the unredeemed prin
cipal of the public debt fexclufively of the
sums palled to the credit of the commission
ers of the finking fund, which are only a
,h. The Shares of the bank of the U
nited States, owned by the United. States,
are at 33 r-g-per cent advance, worth,
1,184,000 dollars. -
Those several items, exclusively of seve
ral balances due by individuals, and a part
of which will eventually be received in the
Treasury, conftitue a sum exceeding three
millions of dollars, and may, for the present
be considered as resources fufficient to meet
the demands against the United States,
which may be eventually payable on account
of the sixth article of the Convention with
France.
The permanent expenditures of the L.
States relate, either to the current expences
of government, domestic or foreign, civil
and military, or to payment of the interest
and principal of the public debt.
The estimates of appropriations for the
ensuing year, amounting to 3,448,147 dol
lars, and 18 cents, include ail the expences
of government, other than those in relation
to the public debt, with the exception of
those incident to the intercourse with the
Barbary powers, estimated, after the ensu
ing year, by the Secretary of State, at
70,000 dollars : of those which may be in
curred for the purchase of arms, estimated
by the Secretary of War, at 55,000 dollars;
and a part of the Indian annuities, amount
ing to it,ooo dollars ; these items having
been omitted in the estimates of the ensuing
year, because the balances of unexpended
appropriations have been considered as fuf
ficient for those objeds by the Secretaries of
of State and War, refpeaively. On the
other hand, a sum of about 70,000 dollars
in relation to the census and quarantine
laws, which is included in those estimates,
is a temporary expense.
The particular sums, which, under exit
ing laws, seem necessary to defray each par
ticular authorifed expense. being detailed in
trie annual eßimates, will not be repeated
here : and it appears fufficient to recapitu
late the gross amount of the general heads
of expenditures, viz.
on the 3 uh of September last, leaving
an outstanding balance of 189,354 dollars
and ninety cents.
4th. The excess of specie in the Treasury
beyond the sum which it is prudent to keep
there, may be estimated at about 1,000,000
of dollars.
missions for one half of the year
1801, on that debt ; leaves paid on
account of the principal, 536,685 29
4th. Evidences of public debt paid
for lands, 21282 66
Amounting altogether to one million, one him
dred and eighty feren thousand and sixteen dol
lars a,id Seventy-eight c^nts.
The balance of specie in the Treafurv amount
ed, on the firft of A,rd, 1801, to 1.794 044 dol
lars and 85 cents, and on the ill of October 1801,
to 2,946 038 dollars and 73 cents, making a dif
ference in tavor of the Treasury ot 1,1519^3 dis.
and 88 cents ; whicfi'lad sum, added to the above
Rated payments on account of the princip 10!
the debt, makes an actual difference in favor of,
the United States of 2,339 010 dollars and 66 cis.
during those fix months..
The principal of the public debt unredeemed
on the firft of January, 1802, is, in the fiatenient
[P] arranged under four heads, viz.
Iff. Six per cent and deferred Rocks. Tie
nominal amount ot this debt is 41,879,525 dolls.
23 cents, and the eight per cem annuity, applica
ble to,its intefett and reimbursement of principal
amounts to 3,350,362 dollars and one cent. As
by the effect ot tins annuity 5,027,740 dollars and
57 cents ot the principal shall iiave been reimburs
ed on the ill ot January, 1802, the unredeemed
principal ot that debt will on that dav be only,
dolls. 36,851,784 66
No provision has been made for its redemption,
occasional payments tor lands excepted.
3d. All the other domestic debts created tinder
the present government of the nnion, in order ei
ther to difeharge other debts, or to meet certain
extraordinary expences. These include the five
and a half, four and a half navy fix, 1796 fix and
eight per cent flocks, and the temporary loans
obtained from the bank, and amount together to
dols. 12,035,400
The interest or. all these conflitutes
an item of 828 350 50
4 r h. The foreign debt due in Holland and 'at
Antwerp, amounts, including premiums and gra
tifications, to dolls. 9,915,000
The interest on which, commifTions and
charges included, is, for the year 1802, 478,931
This lan debt being payable in inflalmcnts, at
certain fixed dates, and it being neceflary to pur
chase remittances in America, near fix months be
fore the payments are made in Holland ; the flate
nient [R] has been added, to shew the payments,
both on account of principle and interest, which
become annually due in Holland, until the final
The interest at the rate of fix per
cent, on which sum is 2,211,107 8
The part of the 8 per cent annuity at present
applicable to the redemption of the principal is,
therefore, 1,139,254 dollars and 3 cents, and on
creating each year at compound interest, (hall,
without any further provision, have difeharged
the whole of the fix per cent in the year 1818,
and the whole of the deferred debt in the year
1824.
2d. Three per cent Rock amounts to dolls.
19,079,705 63
And the interest on the fame to 572,391 16
665. dollars & 79 cents ; from which
deducing 245,980 dollars and 50
cents, being the interelt and com-
The Treasury accounts being fettled to
the 30th day of September last, the amount
of public debt paid during the half year,
commencing on the firft of April, and end
ing on the 30th Sept. 18< 1, as well as the
comparative view of the Treasury at the
commencement, and end of that period, may
be precisely Rated
The payments in part of the principal of the
debt, made during those fix months, exclusively
of certain parts ot the unfunded debt, which have
been reimbursed, have been,
id, To the commiflioners of the finking fund,
and to be by them applied, on the firft of January
next, to the reimbursement of the fix per cent
Rock, Dolls. 129,048 83
2d. To the bank of the U. States,
on account of the principal of sun
dry temporary loans, formerly ob
tained from that inttitntion, 500,000
3d. For remittances to Holland,
on account of the Dutch debt, 782,-
nominal debt due by the United States to
themselves ; and after deducting the reim
bursement of the principal of the fix per cent
Rock, operated by the annua! payment of 8
per cent, on the nominal amount of that
stock) amounted, on the iff of January, 1801
to 80,161,207 dollars and 60 cents.
By the Ratement [P] it appears that the
unredeemed principal will, on the firft of
January, 1802, amount to 77,881,890 dols.
and 29 cents ; the difference of 2,279,317
dollars and 31 cents, being the amount of
principal paid during the year 1801.
During the fame year 1801, more than
800,000 dollars shall have been remitted to
Holland, in part of the interest and inftall
merits on the Dutch debt, falling due next
year ; which sum is not included in the.a
mount of principal, thus Rated to have been
paid during the present year. The sums
which on the ift of January, 1801, had been
remitted to Holland in part of the interest
and inflaliments due in the course of this
year, and which were not deducted from the
amount of public debt on the ill of January
1801, did not exceed five hundred thousand
dollars. The amount of debt actually paid,
or Tor the payment of which provision fha!l
have been made during the present year, will
not therefore be less than two millions five
hundred thousand dollars. And it is believ
ed, though it cannot at present be precisely
afeertained, that the balance of specie in the?
Treasury, which, on the firft of January
1801, was 2,557,395 dollars and 38 cents,
will not be diminished on the iff of January,
1802.
1,187.016 66
ON Monday last the Editor addressed a letter
to the President of the Senate, requeuing per
million to occupy a portion in the lower aera of
the Senate chamber, for the purpose of taking
with correctness the debates and proceedings of
that body.
It may be neceflary to remark that heretofore
no Stenographer has been admitted into this area ;
and the upper gallery being open to the admis
sion of every one, and very remote from the floor
of the house, „as prevented any attempts being
made to take the debates, from the inipoflibility
of hearing dittincHy from it.
The contents oftthe letter was submitted by the
Prefideht of the Senate and a resolution agreed to,
to the following effect :— Refolded, That any
Stenographer defirops of taking the debates of the
Senate on Legislative business, may be admitted
for that purpose, at such place, within the area of
the senate chamber, as the President Shall allot.
Whereupon a motion was made to reconsider
the above resolution, and agreed to. The yeas
and nays being taken, which uere , eas 17 —nays 9.
It was them moved to agree to the original re
solution amended, by adding the words " or note
taker'' after the word ' Stenograper,' which pas.
fd in the affirmative—Tin yeas and nays being
required were as follow.
iably, either render an encreafe of taxes necessary,
or retard the ultimate payment of the debt : and
that any reduction in the present rate of expendi
tures, may permit a reduction of the present
taxes, or be the means of accelerating the redemp
tion of the public debt.
All which is most refpeßfullv submitted.
ALBERT GALLATIN,'
Secretary of the Treasury.
Treasury Department, 18th Dec. 1801.
Congcefg of tlje Unites States.
Arne annual sum of 7,300,000 dollars applied to
the payment of the principal and interest of the
public debt, would on the fiippofition that the
whole of the fix per cent, and deferred flocks may
be redeemed at par, and that the uhole of the
three per cent flock fitould be reimbursed at its
nominal value, difeharge the whole of the public
debt in seven years and a half after the year 1809,
or within the year 1817.
The only part of the preceding eflimates which
is liable to any material error, is what relates to
the probable annual revenue derived from the im-
post and from the fairs of land. Should these
prove to have been correct, it will refnlt that the
present revenues of the union are Sufficient to de
fray all the expences, civil and military, of gov
ernment, to the extent authorised by exiting
laws ; to meet all the engagements of the United
States, and to discharge, within eight years, thir
ty-two millions of dollars of the principal, and,
within 15 years and a half, ehe whole of the pub
lic debt : that any increase of expence will, pro-
and reimbursement of the domeflic debt, to only
7,100,000 dollars, or to 200,000 dollars less than
the annuity of 7,300,000 dollars, which has been
estimated as the surplus of revenue applicable to
that objeft.
If that surplus does exist, and if it will be effi
cient to meet all the engagements of the United
States as th^ become due, the only remaining ob
jects of enquiry seem to be; what impression will,
during the next eight years to which these efli
mates refer, be made on the public debt, by the
annual application of that surplus ? In what time
would the fame annuity difeharge the public debt ?
The flatement [S] exhibits the effect produced
at the end of the year 1809, on the debt by tie an
nual application of that sum (7,300,000 dollars)
to the payment of both principal anu inrereft, and
shew that at the end of those eight years it fliall
have paid the whole of the Dutch debt ; of the
temporary loans due to the bank ; of the navy fix
per cent, and of the five and a halt per cent flocks;,
5i5 2 5>3°0 dollars, and 38 cents of the 8 per cent,
dock ; 150,387 dollars and twenty-fix cents of
the four and a half per cent, flock ; and 11,3,9,
263 dollars and fix cents of the principal of the
fix per cent and deferred flock, amounting alto
gether to thirty-two millions two hundred and
eighty-nine thousand, one hundred and fifty dol
lars and feyenty cents.
The public debt would, therefore, on the rff.
January 1810 he reduced to 45,592,739 dollars
and 59 cents, viz. 954 899 dollars and 62 cents of
the eight per cent hock ; 25 612 dollars and 74
cents of the four and a half per cent flock (both
of which would be discharged during the four
firff months of the year 1810) 80,000 dollars of
the 1796 fix per cent flock ; 25.452.521 dollars
and 60 cents of the fix per cent and deferred
flocks, and the 19,079,705 dollars and 63 cents,
.hree per cent flock.
redemption of [the debt in 1809 ; and the firms
which it will be necessary every year to provide
in America, in order to meet those pay merits.
The greater part of this debt becomes due in the
course of the five ensuing years ; and the annual
payments, on account of principal and inteiell
tor that period, exceeds, on an average, tw 0 mil
lions ot dollars. The inconvenience and difficul
ty of procuring remittances to that amount, and
the real injury arising from Inch heavy dilburfe
ments abroad, render an extention of the terms
of paynlent, by partial re loans, a deftable ob
jett ; and measures have been taken to afeertain
its practicability. All that seems wanted is, that
the gross amount of payment which are to take
place during the eight years, fhonld be more e
qually apportioned amongst thole years; and any
greater iurplus of revenue which might be freed
by that operation, would be applicable to the re
demption of those species of the domeflic debt
which it may be thought mod eligible to reim
burse.
It is true that this flatement is predicated on the
supposition that the whole of the remittances to
Holland may be purchased at par, which is not
probable, but on the other hand, it is calculated
on the principle of a yearly instead of a quarter
yearly payable annuity ; or, as if all the payments
made in one year, on account of the principal of
the debt, took place only at the end of the year,
instead of being made, as will be the case in the
course of th year, and flopping the interest from
the end of the quarter in which they may be made.
The hippofed extra cost of bills on Holland is at
least partly covered by that difference, and can
not materially affect the general refills.
It may in the fame manner be shewn that the
Whether this operation shall be effected or not,
no difficulty is apprehended from want of re
sources to difeharge every inllalment as it (hall
become due. The sum payable in 1803, in which
year the largest payments must be made in Hol
land, amounting, including both those, and all
other actually due, on the account of the intereH
—< rf <.<+rf,,^fo.>..> —
WASILNGTON, JAN. 8.
A letter from the Governor of Maryland, re
fpe&ing loans made by that State in behalf of the
Commifliohers of the city of Washington, which
were guaranteed by Congress ; was referred to
the Secretary of the Treasury.
On motion of Mr. Gregg, ft left committees !
were chosen, to report what Additions are expe-1
dient to be made to tie military ffores of the U
nited States ; ard what alter ticns ought to be
made in the laws refpe&ing the fortifications and
harbours of the United States.
Standing Ru'e\. &
The house went into Committee on (landing
rules of the house. The following additional rule
i was l moved : “ Stenographers flfell be admitted^
a„d the 3,e% falcJJg„J uc h fees to them c rt l
I the floor, as net mh ,jeie ihith the csine-A
I rsence of the members.” Agreed tw—A,6s 47
Noes 32. life committee then refejand reported,
the rules w ith the above amerdmenr.. The House
concurred in the additional nil.—Yeas 47—Nay s ;
28. Ihe report as appended, was then agreed to.
— , MONDAY,JAN. u.
Ihe refoltitiotiof theSenMe req acting, Capt.
Sterret, and the crew of the Enterprise, was taken
up; when after some difenffiun it was referred to
fra fcleft committee..,
On motion of Mr. Randolph, the Secretary of
the freafury was directed to lay kfere the house
an eihmate of the experts to the Mfoiterranear
&c. From the turn of tie debate \bhich endued
on this motion, it appeared tl at g er flemen were
fearful the inquiry would he followed by a mo-
Ilion to give up the protection of treble in that sea.
Tnefday, fan.
A motion of Mr. Bayard's for rHefog to a
committee the expediency of reducing the ki X on
fait, was taken up —on which a debate took
place, which occupied the whole afthe fitting 1
Ihe previous question was reouired, and t # Fen 1
by yeas and pays : Yeas 4,.-Nays 49 . ]& I
therefore refolded, that the main quellion fhonld 1
not be put. " ;
A message was received frem the President cov'
I erinc an eflimate of the expenses Lending the
earning into execution the treaty/ between the
United States and France.
By the Mails.)
BOSTO 9 , JAN. 10.
FIRE! FIRE!
On Monday evening, about seven o'clock the
dwelling house of Meflrs. Stephen fend Ebenezer
Goff, houfewrights, on Fort-hill, , as discovered
enveloped in fire ; which in a few minuses com
municated to a house improved bb Mrs Spear -
and both with several other out-tfrildii^s were
reduced to ; flies in a very short tiifoe. ft has not
we believe been currently afeertai bed w hei e tie|
fire firD took ; but it is foppofed it the workmen J
of Meflrs. Goffs, which adjoined tie house. Un- |
happily, neither of them were at he me, when the 1
fire took place ; and such was the exueme rapid J
ity of the flames, that fcarcciv an crude w- s fivl
ed fem their house; and what adds inexpressible I
ot Mr. S. Goff s of four years of at ~ being aflecp
in an ppper chamber, perilhed in the flames—lts
tte'ri'rir "°' e f °°" d ''""'''' mo f lin g amongst R
And l#n evening, about half pah - o'clock, a-I
nother fire broke out in a shop /on Howard's I
Wharf; which entirely confiimed that, and other
shops, together with a quantity of naval (lores,
and tools. The mops were improved by Mr.
John D. Howard, caulker ; Mr. focob Libbey,
mipwright; Mr. Thomas Highborn, Boat-builder;|
Mr. John Cheefinan, blackfinith ; and Mr. Hall,|
ship-joiner. The buildings were owned by tye i
heirs of the late Mr. Thomas Hichforn.
The lumber yard belonging to Air. Balch, and [
several (lores adjacent, were at tints on fire ; but
the prompt fiipply ot water to thq engines, from
mill creek, confined the conflagration to the bud- f
dings in which it originated.
Ou bqth the above < -crerffy =r -, '^onv I
Tl&dnejday, Jan. 6.
The Apportionment Bid,
Being the order of the day, was taken tip. It was
moved, that it be recommitted to a committee of
the whole. On this motion a debate of length en
sued, during which almost every member accus
tomed to speak, took the floor.
The debate was conduced with uncommon
warmth, and personal insinuations and political
reflections were made and repelled with keenuefs.
The qneftion on recommitment was taken and
loft. Ayes 34. Nays 55. On the question shall
the bill pals? The ayes were 85. Navs 4
The Noes were Meffi-s. Davenport, Van Renffe
laer, Walker, and T. Morris.
War againfl Tripoli.
Gen. Smith repot led a bill which empowers the
President fully to equip and employ such vessels
of the United States, as Le fbaii deem requisite,
to protect American commerce and ft amen in the
Mediterranean ; that they be tmpow ered to cap
ture Tripolitan refills ; and that the President be
authorized to commission private veflels, with pow
er to capture vcffels of Tripoli. This bill was
read twice, and referred to a Committee of the
whole.
Ayes —Messrs. Anderfou, Baldwin, Er:ri<e4
ridge, Brown, Coke, Colhoun. Eller,, T. FpfteA
franklin. Jackion, Logan, S. T. Mason, Nichols,
S.one, Sumpter, and Wright—l 6.
Nays —Meflrs, Chipman, Dayton, D. Fofler,
Hdlhoufe. Howard. Jonathan MTon, Morris. og
dfen, Olcott, Sheafe, Trace, agd Waite—l 2.
Oil Wc/uefday the Editor had, accordingly,
aligned to him 3 convenient place io the lot 'er
area, from ne took notes of tte proceedings of the
Senate.
On the adoption of the above refutation, whi^h
opens a new dour to public information, and
which may be considered as the preludeio a more
genuine fyoTpathy between the Senate and the
people of the United States, ilan mnyrhave
heretofore fubfited, by rendering each better ac
quainted with the other; wecongratulate, with
out qualification, every friend to tile true princi
ples of our republican iuflitutions. — Nat Jnt.
Thursday, fa. 7.
A memorial was presented from the Society o f
Friends at Baltimore, Dating that no progress can
be expected relative to the introduction of j e
ufeful arts among the Indians, unless the great
quantity of spirituous liquors at present fpreld a
mong them by traders is intirel, furpreffed. This
memorial was accompanied by a fpeerh made by
Little Turtle, Dating the injurious effects produ
ced by spirituous liquors. Referred to a com
mittee of five.
House of Reprefertatives.