The British Press; or, Morning Literary Advertiser.
London, England, 1824-02-03 00:00:00

AMERICAN ANNUAL TREASURY RE

Treasury Department,
,Denery
res3lee, lcior:nui.,
I eft—l have the honour to transmit a report prepared in 'be.
dience to the "Act supplementary to the Act to establish the Tres.
silty Department.' —1 have the honour to be,
Sir, your obedient ',errant., WM. 11. (:HAW kOltb.h
The lion. the Speaker of the House
of Representatives.
In obedicrce to the directions of the " Act supplementary to the
Act to establish the Treasury Department," doe S
Treasury respectfully submits the following Report : ecretary of th 4
• 1. or XIIE PUBLIC ar.roistrx AND EXPENDITURE OP THE
YEARN 1822 AND 1823.
I The net revenue which accrued front duties on imports and tag.
nage, during the year 1922, amounted to 20,500.775 1 The actual receipts into the Treasury 6 ..itig the year 1822
amounted to 20,232,427 94. via.:—Customs, 17.599.791 94; pub_
lic lands, exclusive of Alittaissippi stock, 883.301 :4; dividends ow
stock iii the Bank of the United States, 2,47,;00; arrears of inter.
nal duties and direct tax, and incidental receipts and repayments
, under Act of lot of May, 1820, 511.584 410__ making with the kg„
lance in the Treasury on the lst of January, 11122, of 1,681,592 94,
an aggregate of 21,911 020 18.
The expencli,ures during the year inn amounted to 17,676,491
, 63.—sir. Civil, diplomatic, and miscellaneous, 1.917,996 '2l; M-
ilitary service, including fortidcations,ordnanee, Indian department,
I revolutionary and militar • pension., arming the militia, and sr-
rearages prior to the lot of Jan. 1817, 5,635,168 294 natal berrice,
including the gradual increase of the navy, 2.224,159 118 ; public
i debt, 7,;'49,919 12; leaving a balance in the Treasury on the Ist
' ofJartuary, 11323, of 1.217.127 M. The actual teceipts into the
Treasury during the three first quarters of the year 1823, are ese.
mated to have amounted to 16,171,035 26. viz Customs,
15.919.392 74 ; public lands, exclusive of ,llisslasippi Stock,
6370115 73; dividends on stock in the Bank of else United States,
350,000; arrests of internal duties and direst tax,, and incidental
receipts, 192.720 15; repayment of advances made in the war 4..5.
partment for services or supplies prior to the bit of July, 1814,
41,110 64. The actual receipts into the Treanury dtrris„+ the
fourth quarter are estimated at 4,270.0401, makidg the total esti.
mated receipts into the Treasury during the year 18211, 20144 035
26; an
fd with the balance in the Treasury on the Ist Of January,
1823, ormingan aggrega of 2641,192.111.
I'N/ expenditure during te
the three first quarters of the yeure 112$
are estimated to have amounted to 11,122,1;47 311, viz. civil, dipl. untie, and miscellaneous, 1,519.725 14; military service, inelud-
ing fortifitutions, ordnance. Indian department. revolutionary ail
militar pensions, annir.g the militia, and evangel pine to the
lit of'January, 1017, 1,383.713 C 9; naval service, including the
gradual increase of the nary, 1,776,869 37; public dal,
3,751,407 17; the expenditures during the fourth quarter are esti.
mated at 3,894.5.19 74, viz. civil, diplomatic, and miscellaaeoes,
483.701 II ; military services, including fortiticatiens, crdnatte,
Indian deportment, revolutionary and military pet:no-pi arming the
militia, and arrearages prior to the Ist of January, 817.1949,449 93;
natal service, including the gradual increase of the nary,
720,776 46; public debt. 1,778,1129 21; making the total Olt .
mated expenditure of the year 1823, 15.317,407 09, and leaving is
the Treasury on the let of January, 1821, an estimated baLuxe of
9,364.035 71. _ _

et tier deducting from this mm certain balances of aormpriationa,
amoumirg to 2.1197.0116 47, which arc necessary to effect the object'
for which they were severally made, or have been daluriid hom
the estimates for the service of the ensuing year, a hrlance of
6 466,900 30 remains; which, with the ravine into the Treasury
during the year 1024, constitutes the means for defraying the cur.
rent service of that year.

2.—OF THE runi.tc DEBT.
The funded debt which was contracted before the
rear 11112, and which was unredeemed on the
Ist day of October, 1822, amounted to -
And that which was contracted subsequently to
the Ist of January, 1812, and was en redeemed
on the lit of October, 1822, amounted to

Da!ars.
17,11;9;32 N

75,8.i2.048 4

Making the the total amount of funded debt unre-
deemed on the let of October, 1122 . 93,042.701 is
In the fourth quartr of that year there was paid
the sum of, t iz. . - - 244673 31
Reimbursement of 6 per cent.
deterred stock - - .
Re'emption of 6 per cent. stock
of 18:11.1 - . - -

265,673 32

2,000,000 00

-----
Reducing the funded debt, on the Ist ofJanuary,
DM, to - - 90,777,027 11
Frent that thy to the Ist of October let thee was
added to the debt—
In 3 per cent. stock . -
Treasury note 6 per cent, stock
Treasury note 7 per cent. stock

132 39
- 1,561 ae
- 135 09

1,829 !it

Making an aggregate of • 20,778,837 12
During the same puled there wan paid, in reim-
bursement of the deferred 6 per cent. stock . 327,032 28

---
Reducing the funded debt on the ht of October,
1823, to - - - - - 0,431,834 U
Since that day there has been added, in Treasury
note 6 pet cent. s:ock .

1141

--.-----• --
Itlakit7 an aggregate of - - 90,442,350 WA
It is estimated that the reimbursement of deferred
stock in the fourth quarter of the present year
will amount to .

774,4388 8$

Which will reduce the furded debt, unredeemed
on the Ist ofJantutry, 1324, to - - - 9047,262 14

The amount of Treasury notes outstanding on the
let of October, 11k23, is estimated at -

20.122 00

And the amo Int of Mississippi stock unredeemed
on that day at . 21,288 87
3.—or 311 C EsTIMATE OF THE PUBLIC ■EVENCE •ND

EXPENDITIAIL row. 'CBE TEAR
It will be perceiv;tl, that the actual receipts of the year l&3
agree substintiallv with the estimate presented in the last Arvind
repeat. The Daly deficiency is in the proceeds of the pvtlic
lands; and that is undendood to have been the consequence of in
exrcetation, generally entertained, that the lands which were relic.
quished, under the Act of 2d 3laach, Del, and which are supros
to present the strongest inducements to purchasers, would at
brought into market early in the ensuing year; with respect to
customs, however, the anticipations which had been feirmetl,
as to the circumstances which were calculated to have an innitall:t
upon their productiveneas, and as to the results, have been cum.
pletely realised, It is believed, therefore, that data founded apra
the same principles as those which governed in forming the at..
mate foe the year 1833, ma) he satisfactorily presented as the 116
of an estimate for the year 11;21. With this view the Secretary fus
the honour to state—

Ist, That the gross amount of duties on imports and tornagr,
which aterued from the Ist of January to the 30 b of September
last inclusive, is estimated at 17,800.000 ; and that of tl:e whole
year, at 21,000,000. llf dna sum, that portion which accrued in
the first ballot' the year is about 1,000,000 less than that of the
rime period in the preceding year; and that which &rented in the
three first quarters of the year is animated at 1,700:006 lea than
that of the corresponding quarters of the preceding year.
2d, That the debentures issued during the three first guartes of
the year 1823. amounted to 3,412,010, which exceed the amount
histitd during the corresponding period of the year 18fl. by
1,600,000 ; and the amount of the debentures outstanding on the
30th of Septnnber last, and eltrzgeable upon the revenue of 1824.
w. 1,405,00 U, which is 4;00,000 more than was on the same day is
18'22 cha-grable upon the revenue of 1323.
3d, That the value (*domestic articles exported frem the United
States, in the year ending on the 311t11 of September last, amounted
to 47,153.711 ; being 2,7113.368 less than those exported in the year
precedir.g ; and the value of foreign articles exported in the year
ending on the 30th of September last was 27,330,409 ; beag
6.214,267 more than those exported in the preceding year.
4th, That the aggregate value of the impacts lotto the United
States dump, the year ending on the 20th of September last, is esti-
mated at 71,486,332; which is less by 5,733,in than those im-
ported in the preceding year.
6th, 'l'hat the amount or custom-haute bonds in suit, which, re
the Ellth of September, Int was 3.130,t00, *as on the same day.
in the tear 1i122, 2,766.000, and in the year 1823, 2.817.14400
whence it appears that, although a reduction a 313 OW hod take:
place daring the whole period, yet the amount in suit on die Set;
of September last, was greater by than on the same day a
the year preceding.
Upon a consideration of all these emithe conclusions dodo.
Bible from them, the receipts front ins in the year 1824
may be CWllllll[l4 at 16,400,100.
A eon.iderable portion f the lands relinquished under the Ad
of the td of March, 1821, will be brought Imo market in the en-
suing year; but as it is yet uneertaio to what extent this mar
be deemed advisable, and es the sale of these lands will probable
absorb a great portion of the means of thaw who are pretwed
to make investments in the public lands, it is comaidereel pred,r;
trot to estimate the receipts from this source of revenue at •re
than I,6oo,ooo—although it is believed that they will amyl 111111

Under these cirrumetances, the receipts of the year 1824 may be
estimated as fil:own i—Cuatonis 16,W:ill); public lards,
1,1811,000; bank dividends, 380,01;0; inci.:entai receipts, includ
ing arreareof internal duties and direct tax, eO,OOO ; repayments a
advances made in the war department for services or supplies Fri, r
to July 1, 1810, 30,600, making together 13,140,000 ; w wbieh
to he added, the sum of 0,4644968 30 remainirg in the Treasure
after satisfying all the appropriations chargeable upon the moo
of 1823, which makes the entire means of the year 11014 amount ,o
25,018,909

The expenditures of the year 1824 are estimated as follows :
Civil, diplomatic, and miscellaneous, 1.814,857 32; military wT•
vices, includingtetifidtitns,ordnaree, Indian department, reTclu"
tionaly and military pensions, arming the militia, and armors
prior to the tat of January, 1817, 5,152 2118 15; naval service. It
cli.ding the gradual irercsre of the navy, 2,r3,927 51; public
debt, 6.314,000—mak i!.g on au-regate of 15,224,252 85: •Ifb•
being deducted from the estinuittd of 1824, will leave n
the Treasury on the let of January, 102.5, after astir:VlM
the current demands of the year 1824, • balance estimated'-
2,722,714 41.
. . . . .

I 'Mier the existing laws, there is no probability that aoT rrit‘
of the luilatae reniaii± g in the Treasury on the Ist of Januar!•
Mt, or of the surplus which may accrue during that year, es,
be applied to the discharge of the public debt, until the Ist of Ja-
nuary, Leh. Vet it is not deemed conducive to the general ro.
verity of the tuition that so large an awcunt should be draws tTO