The Sun.
London, England, 1823-02-03 00:00:00

mining, the duties to.which such articles are subjeit. The 'pro-
vision in the tariff, that the duty upon artieles composed; el
various inaterials shell be regulated by the material of 'chief
value of which it is composed, is prouuctive of 'frequent em-
barrassment andniuch inconvenience. It is. therefore respect-
fully submitted, that all articles composed of wool, cotton,
flax, hemp, or silk, or of which any of these Materials is a com-
potte.nt part, be subject to a duty of 25 per cent. ad valorem:
The eludes upon glass and, paper, upon him and lead; and
upon all articles composed of the two latter materials, maY 41,0
be increased with a view to the augmentation of the revenue.
-Lin all these cases, except articles composed of silk, it •ie
probable that the effect of the proposed augmentation of ditties
will gradually had to an ample supply of those articles from Our,
domestic manufactories. - It nr, however, prestnned, diet V
revenue will continue to be augmented by the proposed altera-
tions in the teriffuntil the publicdebt shall have !teen redeemed
afterwhich the public expenditure in time olpeace will be dimi-
nished to the extent of the sinking fund, which itpresent,
10,000,000 dollars. But if, contrary to preseatanticipattene,
the proposed augmentation of duties should, before the publi.:
debt be -redeemed, produce a diminution of the revenue arising
from the importation of those articles, a corresponding, it
not a greater, augmentation may be confidently expected
upon other articles imported into the Uilited States. This ewe,
piatirion'reets upon the twofold conviction, that foreign artleh'ne
nearly equal to the value of the domestic exports will be im-
ported andeeenstnnedteeand ,thetk *• S' of Ekliatlttee.44eee,
classes of domestic articles fdr those of foreign natiotts,ifrtr only
does not necessarily diminiah the value of domestic exports, but
usually tends to increase.the value.
The duties upon various other articles, not in any degree con-
netted with our domestic industry, may likewise !AS increased
with a view to the augmentation of the public revenue. If the
existing tariff shall, during the present simian of Congress, be
judiciously revised for the purpose of augmenting the reveeue,
it is confidently believed that it will not only be amply sufficient
eteedefray all the demands upon the Treasury at present autho-
rized by law, but that there will remain an annual surplus, sub-
ject to such disposition, for the promotion of the public welfare,
as the wisdom of Congress may direct.
Under the Act of the 20th of April last, authorizing the ex-
change of certain portions of the public debt for five per cent.
stock, 58,704 dollars, 77c. only have been exchanged. The
increased demand for capital for the prosecution of commercial
enterprises during the present year, and the rise in the rate of
interest consequent upon that demand, which were not anti-
cipated at the time that the measure was proposed, have pre-
vented its execution. Existing circumstances do not authorize
the conclusion, that a measure of this nature will be more sue.
ceesful during the next year. .If the price of the public debt in
1825 should be as high as it is at present, any portion of it, re-
deemable at the pleasure of the government, which should be un f
redeemed in that and subsequent years, after the application o-
the Sinking Fund to that object, may be advantageously ex-
changed fur stock redeemable at such periods as to give full
operation to the sinking fund. This may be effected either
directly by an exchange of stock, or indirectly by authorizing 3
loan to the amount of stock annually redeemable beyond the
amount of the sinking find applicable to that object.
All which is respectfully submitted.
WILLIAM H. CRAWFORD.
. .
Treasury Department, 23i1 Dec. 1028.

UNITED STATES NAVY.

The following is an official return of the United States Navy,
laid before'Congress:—

In the Pacific Ocean—Ship Franklin, 74 guns; schooner
Dolphin, 12 do, -

In the 4lediterrttnean—rtigate Constitution, 44 guns; sloop
of war Ontario, 18 do. ; sehoonef.Nonsuch, 12 do.
On the Coast of Africa—Corvette Cyane, 24 guns.

In the West Indies—Frigate Congress, 36 guns; corvette
John Adams, 24 do.; sloop of 'Ala Peacock, 18 do. ; brig
Spark, 12 do.; schooners Alligator, 12 do. ; Grarnpds, 12 do.;
Shark, 12 do. ; Porpoise, 12 do. ; gun-boat, No. 158, 1 dri.
Sloop of war Ilornet, 18 guns, preparing for n cruise in the
West 'lndies, at Norfolk, Virginia.

Brig gnterprize, rewAiring ot.New York, for n cruise ilk the
West Indies.

List of vessels of the I Tnitel.l States Navy, in military, exclu-
sive of ships on the list of the Nsvy Conimistiotlers, mete-
.

sire of list numbered 4:--

Ships Independence, 74 guns; Washington, 74 do. Frigates
United StateS, •1.1 do, ; Guerriere, 44 do. ; Java, 44 do. Con.
stellation, 36 do. ; Macedonian, 36 du.; steam frigate FallOP,
30 do, ; sloop of war Erie, 18 do.

Vessels built and building under the law for the gradual
Increase of the Navy ; with s getrzral. view of improvements
completed at the several. Building Yards :
Columbus, 74—Launched, in ordinary 'at Boston, with a roof
over her to protect her from the rain, sun,•&-fe.
Ohio, 74—Launched, in ordinary at Now York,4*ith it roof
over her to protect her from the rain, sun, Sz.e.
North Carolina, 74, and Delaware, 74—Lunched, iri.ordin.
ary at Norfolk, and now covering with roofs to protect thein.
One U.—At Boston, nearly finished ; house over her; and
perfectly protected.

One 74—At BOUM, frame raised, under a house, perfectly
protected.

One 74—At Portsmouth, N. IL, nearly finished ; under a
house, perfectly protected.
One 74—rit Norfotk, about half finished ;ho -W over
her; perfectly protected.

One 74—At Philadelphia ; keel laid ; frame nearly Out ;
house-now building over, and probably raised by this time,.
PotOmac 44—,launched, and hauled up on the inclined plane
at Washington, where she now lies, tinder a house, perfectly
protected from the sun, ruin, &c.
One 44—At Washington, about half finished.
One 44—At Philadelphia, nearly finished, house over her;
perfectly protected.
One 44—At New York; frame getting out, and nearly ready
to raise.

One 44—At Portsmouth, N. 8., in forwardness ; house over
her, perfectly protected.
The frames of the other frigates authorised to be built, ex-
cepting tt few pieces yet to be delivered by the contractors, and
nearly all the other materials, excepting the iron, are procured,
and placed in situations where they will probably not sustain
any immediate material injury.
Two Steam-battery frames are securely deposited under cover
at Washington navy-yard.
One Steam-battery frame is securely deposited under cover
at New York.

Two engines. are put up, and in a state of preservation at
New York.

The building-yards are in as good a state as thie means placed
at the disposal of the Department will allow but to erect the
necessary warehouses, repair wharvea, Cover some of the vessels
now building, and to erect suitable sheds over the timber, for
its preservation, there will be regaittli for the pia 1823 the sum
of 160,000 dollars.
Oeneral view of Improvements completed at the ftvcrai build-
ing yards, in 1821, and IW.
AT Norfolk—Timber thick filled up, and house built over
a new ship of the line.
At Washington—lnclined plane, with a house over it;
large warehouse; sail loft end ;Aging loft.
At Philadelphia-- FoUndation-tif a new ship laid; house built
over a frigate, soul house now raising over a, ship of the line.
At New York—Foundation of a new ship hurt ; house built
over a frigate ; low ground filled u to eta Ottent to afford
ficient room to work on.
At lioston—Fountlatiott of a uew ship laid ; a house built
user a ship of. the lute; arrekamith's shop mood thtrim
ber stock piled and -5 cover plactli. over the 'frame of 3
44 t abouttivo acrevorsitatittlevelled.
At Portsmouth, N. 11-,--Fountlation of a new frigate laid,
and`a house erecteAever it.