The Sun.
London, England, 1832-01-12 00:00:00

are estimated at 97,032,85,8, and the exports at 80,372,556 ; of
which 62,048,3 were doinfttic, and 18,324,333 foreign products.
The duties which accru during the first three quarters of the
present year, Ire estimated at 27,319,000, and those for thefaurth
quarter at 6,1W,000. Some deduction, however, will be made
from these before they can reach the Treasury, on account of the
reduction in the duties on coffee, tea, cocoa, and salt, by the acts
of the 20th and 29th of May, MO, and which may be estimated
to affect the duties on those articles remaining in store on the Ist
of January, 1832, to the amount of about 750,000.
The receipts from the public land during the present year, it
will be perceived, have likewise exceeded the estimates, and, in-
deed, have gone beyond all former example. It is believed that,
notwithstanding the large amount of scrip and forfeited land
stock that may still be absorbed in payment for lands, yet, if the
surveys now projected be completeNthe receipts from this source
of revenue will not fall greatly below those of the present year.
From all the information which the department has been able
to obtain, the receipts into the Treasury during the year 1832
may be estimated at 30,100,000.
Viz.—

- ---
Customs 26,500,000
Public Lands 3,000,000
Bank Dividends.: 490,000
Incidental receipts, including arrears
of internal duties and direct taxes llO,OOO
The expenditures for the year 1832, for all the Ob-
jects other than the public debt, are estimated at 13,365:282 16

Viz.—
Civil, Foreign Intercourse, and Mis-
cellaneous 2,809,484 26
Military Service, including Fortifica-
tions, Ordnance, Indian Affairs,
arming the Mil itia, aud I nternalllm.
provements 6,648,099 19
Naval Service, including the gradual
Improvement of the Navy 3,907,618 71
Which being deducted from the estimated receipts, ---
will leave a balance of 16,734,797 84
An exhibition of the transaction of the Treasury will show
that this department has endeavoured to carry into effect the po-
licy indicated by the laws and the views of the President in re.
gard to the early extinguishment of the public debt. Upwards
of 40,000,000 will have been applied to the object from the 4th of
March, 1829, to the 24:1 of January, 1832, inclusive of which about
16,500,000 will have been drawn from the Treasury during the
present year.
The occasion is deemed a propitious one to bring beforethe Le-
gislature the subject of the debt, with a view to its redemption,
at a period not only earlier than has been heretofore anticipated,
but before the termination of the present Congress.
The entire public debt on the 2d of January next,
as has been already shown, will ameunt to 24,322,235 18
The amount of the receipts into the
Treasury, during the year 1832,
after satisfying all the demands of
the year, other than on account of
the public debt, are estimated as
above, at
To this may be added the balance in
the Treasury on the Ist of Jan.,
1832 (exclusive of the ineffective
funds and the Danish indemnity)
1,208,276 21,
at

From this aggregate of , 17,943,074 08
After deducting the amount of the unsatisfied ap-
propriations, already estimated at 3,423,525 87
There will remain a surplus in the year 1832, of 14,519,548 21
Which, unless Congress should enlarge the appro-
priations for other objects, may be applied to the
public debt.
The interest on the debt during the year 1832 may
be estimated at

Leaving for the principal in that year 14,019,548 21

Which being applied to that object, will leave the
total amount of the public debt at the close of the
year 183'2
The Government, however, has other means
which, if Congress see proper,may be applied to-
wards the payment of the debt, viz. the shares in
the Bank of the United States, amounting at par
to 7,000,000 dollars ; but which, as will be pre-
sently explained, may be estimated at not less
.
than .. OO
In that event the amount of the debt on the Ist of
January, 1833, would be but

Which sum, together with a fair allowance for the
cost of purchasing, at the market price, the stocks
not redeemable in the course of the proposed
operation, might be supplied in the months of
January and February, 1833, by the application
from the revenues of that year of a sum equal to
2-12ths of the amount applied from the ordinary
revenues to the debt in the year 1832, say 2,503,258 02
It may be further observed, that should any diminution take
place in the estimated revenue, or should the expenditure ex-
ceed the estimated amount, the deficiency which either event
might produce in the means of the Treasury applicable to the
debt, would be supplied by the amount reserved in this estimate
for the unsatisfied balances of appropriations. For, although
that sum constitutes a legal charge on the Treasury, to be met as
occasion requires, yet, in any estimate of present means, it may
be considered rather as a nominal than a real charge.