The Wheeling repository — Wheeling, Va. [W. Va.], 1807-12-10 00:00:00, page 4

Would therefore probably
ieave in th * treasury o;i the
«'.it of Januarv, 1 o01>, a ba
i:ine«' o' near eleven millions
•of dollars, 10,830.0 to
£> 23,430,Oud
PMvk Debt.
It appears by the stateir -u 'D.' hat
the i aymetus on account <>, ti. pr» : .p ii
.he publick debt, ua\ , . i r tin
j.'ear e1 dun; the 30th d tv o: S pt. 1. r,
*e\ c ded 4.,()0u,000 dollars ; in kim;
tin total ot pu! lick d bt reimbursed
Irom the 1st ot April 1S01, to die 1. to!
■October, 1807, about 5 i < 0
lars, < xeluSiV. he of more than .six mil
lions, i-i111 h ive been 'paid during the
- ■ 1 1 .
provisions ol the treatv and convention
uuu Great Britain,and ci the Louisiana |
< event ion.
ui the 12 millions of dollars, • hich,
’ r th , ling est tates,
be j .lid t *1 account ol the publick
■ - . 1807, and
11 * .! 'uia; , 1 :jy, about 8 millions
"bi be < u :-.ct tint ol'the princi; nl. It
n
■ * ’ > «. It ulr ( 1' tt • pro; ( it',on
*r* t 1 ie publick creditors , r t’t
111 . ti < . the t. bt, mat a:ic« t ih.
amot drring tl a 11 • ■,
t of b ipal and in rest.
: • - ! nil v, 1809, t
1 •" ‘ -t wi’l, t:i? prono
i! odificatio. be no; u-■ mt I to by
the
seven ill fi v h •
•• • and : >11 s. The • ub;equtnt an
u t'i payn'. i'ts 11 > r on, <>;. at' ouut
! tujd >nt . t, \. not, ». v i ,
1 >v rn.nt
. occasional ;■ iu ' 1 s, cxto <d
four trillions, ~ix iu u -ci \. non (i '
la; s ■
millh> .s of dm >■ »■« r r i,t. • -
j rein ,
\'t .O’ , .
A >jiernl suhscri;,ti >n <vou1 ! rtducr
lii c: 'jy.tiil t fi u -oiii ii.ii’ioMs ol
1 pc til T'-ts v. O'lM ::rtiotilit
tc I
>•;' ’.m o' tloil il
m.(1
i i v
y ;trul :i\ ;
i '-4 ill.Ml
tin
i ( :i olI< >\ -
Jino’ • 1 1 • w! i< h period t! '• hole
ti. : r. I • Xtovoiish ,1.
Atl ; «i : -1 v.irdm of
' ‘, : 1 1 ' doi , n: i
lull oil;. :>e i <• , v-\.\ at
co’ ' u.. . Th j t - , of t! v ;11.
}*' :
eiy . hu..Jjcd i eh
O y.i'.U.
and the expenses ••• tw elve millions, six
hundred thousand dollars. The p rma
;ie it revenue h is been computed at four
teen midions, five hmulred thousand
dollars, and the permanent expanses,
predicated on an an iuai payment of
h;iit mi 1 ons ol tl ) 1 u's on account of
tnc cU !>t, haw he a s« -d at eleven mil -
.i.ms, six hundred thousand dollars : and
a - this ' oukl, it no modification of the
e, >t should lake place*, be reduced to
■ 5 than eight raillio i-, fiy e hundred
thousand, the annual surplus would then
amount to six millions of dollars. Nor
•tie the seven millions and an half of j
dolhuwhich will remain in the trea
s.i! \ at the dnd of the present year, in
11 titled in the calculation.
h\ hc.t portion of that surplus may be
v anted for necc sary measures of secu
iit_v and ie lean ; wliat portion sliouid
■)L‘ applied to internal improvements,
which, whilst increasing and diffusing
me n.ttionai v/catth, vviii strengthen the
hoiui> o, muon, are subjects which do
not tall within ttie province ol the trea
v. \ deoarluient; hut it is not impossi
oi>', tli i aiter nu king ample provision
■("doth these object.,, considerable sur
pin .es, end which can no longer he ap
11 of the debt, may
' ■ i acciuntuate m die ti a ury.
i nr previous accumulation of trea
• 1 . ce might, in a gi
d< "Vc, del ray the extraordinary ex
:,:'i l om. ii '• h the n< < es
r loans or s • .
; - 1 1 ovide during j >ds of j
! ' r*’ - * ■ tliost ad verst t c.its to v. Inch
v, >\ r..Ui n is exposed, instead of i; -
the
trams oi the people : .
a: li
i • il >• ar least
a
to ii. ar
cm, oi impairing by amici; >ns
tbv r*. ourccs ot ensuing g. radon.,,
tud thy ] u -ic monies of tie State
ot i. in, locked up and withdrawn from
‘he g' It Oil < ii c ul.itiou, but on tiie con
irri>. <! posited in 1 anf:* , and continuing
b i in a part < 1 tin
to
t u ' uhe i t' nn .i
1 ' , i' *11 t foi mid tble objection to
that \ ..1. which has net the!
been at times adopt d with < m-d-i n .
ucc« t in other couutri
tog ter removed. 1 ■ . ; , . j
that the ren v..1 of * e charter ot th
!>;*nk ol the l nited S ■ at. , max , amoii ,t
. e e aff )T' l tO •
rturtity of obt .
t O.i
th. j . ,11.. d modls, \vh ne\ cr th \
. ill
cx" (1 a t n t tin an a .
SI old 1, Id
tes.
li‘ur expectation and iesit e,he mv jy,. _
m a war, it is belied that the rrcrinfe
r 1808 will be ina My
c! . <vet .. ini smui h . y
rom the re\ le
aci-ruvi! a .in; ihe present year. The
: ‘ < ling bo ids dti ■ by
er d ucting th< .!■ 1 a.
: I e-i xporta-.
1 x !s ;it this time sixteen mil
1 • The d ductions to be
n 1 th n ccount of u se
e-expoi tations, wool 1, in Cas of
less than u i; f< • ... .. tj Qs
" m in n oc < iieesv wt il as ini per
tail ami in | -> |.•••rtion as these will
hm: ‘ , a in er i.rtme demand will
t! ;rucl ”* 1 s.oek on hand, and
!. t>i re-t xp rting I e dimin
ished.
i - ii already been stated, that the
■ . n ! <
) 5ja,’j to-x-tiu r with the surplus of the
1 ’ h v ill amount to near eleven
minions ol dollars ; a sum probably adc
to n rdinary ex
i:t n-.es i t the w.u Inr that year. It will
a: > In recollei l- cl, that in the estimated
' ' 5, the n
i a
'■"■A ol the principal ol'tiir d ht \r, inclu
J he only pro i :on, the re lore,
" hu h may rentier anv contingency ne
cessary for the cxtraoi dimity serv e-* of
that w ar, in oi ler to cover . nv defi i ■ n
rcvenue,or in ,i c
- \ ond w hat has been estimated, will be
;1 ** “iior .t,i rro.v a sum eijual to
hat r« imhu: iru ut.
U d States
s* fp. v > i. r: , i)t* inipain cl
• i av, n i;h r c i not ouy.it to be
con It i, . n t! e contrary neces
s .ry, in or 1 i t > c pa: 1 ;or the cri
; ■ to t.d n . y v . w ol tin su ject,
a
1 the de«
' ;i • * tl. extraordinary
exp-mv s,
I hi i. are rn d it a from which the
N m <•> t i d laic., ion can, at this
worn iv.’ c d • .! !, or even esiimat
It v.. 1 !, ::,i jt > stat<, 1st.
I hat it • j * . j nr , iy to provict a *
vet iu ! tl mual ex
- nst . on i , c t 1: It net, the in
s’ i i t \ i ; tl >t, and the in
i v» j h in y be raised.
• That I togell . i ,li ,
1 ■ l i1- i oj in th )t, will, ait r me
v-U in a t to a sum less than
■ . v I <i' ir , and tiler* fore,
.* t ^^ I . lUK i vVi’llUCOt l'ipOtljOOO