The British Press; or, Morning Literary Advertiser.
London, England, 1806-02-13 00:00:00

As the err i:tation of the specie necessary to dis-
charge the last-mentioncd.iastalment would have
been sensibly felt, it,was found eligible.to pay k•in
Lnnhn, in conformity with the authority given by
the ad of the 3cl of Match, 150.5, and the opera-
tion was el:reified, at par. by the bank of the United
States.

It appears by the same statement (1:11 that
the payments on auount of the public
Aebt, from the lst A pril,l3ol, to the 3ah
September, 13:!5, have amounted to al-
*lost eighteen millions of dollars, 17,9:4,793 49
Daring the same period there have been paid
to Great Britain, in satisfaSion and d ,scharge
of the money which the United States might
have been liable to pay, in pursuance of the
provisions of the Gth article of the neaty of
1796, - 11,604,000
The balance in the treasury
amounted, on the I,t of
April, 1801, to 1,794,052 59
And on the SMIt day of Sep.
Wilber, 1805, to - 4,575,654 37

Making an increase of - 2,781,601 7d
From which, deduetiog the pro-
ceeds of tile sales of bank
Shares • - 1,287,600

Leaves for the increase arising from the'ordi-
nary revenue, 1,491,101 78

Making, in the whole., a difference of more
than tweoty two millions of &liars in fa-
vour of the United States, during that pe-
riod of four years and a half 22,114,792 27
In order to give a more general and concise view
of the receipts and expenditures of the United
States, during the four years, commencing fia the Is:
day of April, 1801, and ending on the 31st day of
March, 1805, than c:tn be derived from the annual
printed accounts, a statement marked (11), and se-
veral explanatory statements marked ( H I to H 8),
have been added to those which usually• accompany
this report.
From those it appears, that a sum of fifty mil-
lions six hundred and sixty-seven thousand four
hundred and sixty-seven dollars and four cents has
been paid into the treasury during that period, via.
Front duties on tonnage and on the im port-
Atitlll of foreign merchandise - 45,174,1137 42
Fro•n el other sattree (including 1,506,171
dollars and 43 tents, arising from tho sates
of bank shares and of public ves.ols, - 5,492,629 St

50,667,4C7 04

And that the expenditures during the same pe-
riod. have amounted to forty-nine millions six hun-
dred and sixty-five thousand five hundred and
twenty-seven dollars and fifty-six cents, which have
been disbursed for the following purposes :
1 Less than one-third of the whole has been
sufficient to defray all the current eapences of the
United States, viz.
Fur the civil list, and all domes-
tic expo:lees of a civil nature 5,786,114 79
For the twittery establishment
and Indian d.partnient 4,405,194 ...8
rot the naval estaali•lnnent - 4,1142,6:35 13
For the expenees attending ill:
intercou.se with foreign na-
tions

1,071,433 14

Amounting altogether to - • - 14,105,720 04
2. Nur one third was necessary to ray the
interc.t on the public clzbt, vis. - 16;276,700 9b
On which subjed it may not be improper to ob-
serve, that a part of that sum, amounting to
3,160,000 dollan, was paid on account of the in-
terest on the deferred stock ; a charge which cam-
menced only io the year 1801, and was therefore in
addition to the annual sum wanted before that year,
for the payment of interest on the public debt.
S. More than one-third, and which may be con-
sidered as the surplus revenue of the United States,
during that period, has been applied towards the
reimbursement and eitinguishment of the debt, viz.
On account of the principal of
the public debt pauper - 16,917,463 92
bs payment of debts contracted
before the Ist day of April,
1601, arising under the British
Treaty, and under the French
Convention of 30th Septem-
ber, 1200 - 2,963,79? 6)
—19161,446 57

it is sufficiently evident, that, whilst one-third of
the national revenue is necessarily absorbed by the
payment of interest, a persevering application of the
resources, afforded by seasons of peace and pros•
perity, to the discharge of the principal, in the
manner direlted by the Legislature, is the only
eff,ffual made by which the United States can ul-
timately obtain the full command of their rev--nue,
and the full disposal of all their resources. Every
year produces a diminution of interest, and a po-
sitive increase •f revenue. Four years more
will be sufficient to discharge .(in addition to the
annual reimbursements on the sit per cent. and de-
ferred stocks) the remainder of the Dutch debt,
and the whole of the eight per cent. navy ;
six per cent. five and a hal per cent. and four
and a half per cent. stocks. As the portion of
the public debt which shall then remain unpaid
will consist of the six per sent. deferred and Loui-
siana stocks, neither of which can be reimbursed,
except at the periods and in the proportions fixed
by contraa, and of the three per cent. stock, which
it; law rate of interest will render ineligible to
discharge at its nominal value ; the rapidity of the
redu&ion of the debt, beyond the annual reimburse-
ments permitted by the contraas, will, after the
year t Sq 9, depend on the price at which purchases
may be ctreaccl. Aud, should circumstances ren-
der it eligible, a considerable.prittion of the revenue
now appropilated fin that purpose, may then, in
conformity with existing provisions, Le applied to
other objeas.

In the Molise of Representatives of the United
States, on the :Bth last; Mr. Morrow presented a
petition, of a very intcrering nature, from Francis
filessonier, a native of France, stating, that, from
numerous experiments (MAJ.: bF him in the vicinity
of Cincinnati, in the state of Ohin, he believes he
will be able to cultivate the vitt: with complete suc-
cess ; that the experiments made have tinted in re-
sults equal to his moat sanguine expeflation; that he
believes he will be able to supply wines of a quality
equal to those of France, competent to the demand
of the state, at ore-lou. th of the price of imported
wines ; that the lever and agile,. so prevalent on the
western water., is, in his oinnton, greatly owing to