The Sun.
London, England, 1826-01-23 00:00:00

THE YEARS 1824 AND 1824.

There being no direct taxes of any kind, dutiee of excise, Or
other internal ditties, in operation under the authority of the
United States, the public revereue, by their existing laws, arises
almost entirely from duties upon foreign merchandise imported,
and upon tonnage, and from the sale of public lands. 'There
are other branches from which email and occasional receipt` are
derived—as dividends on bank stock, the post (Alice, arrearageS
of taxes due under former laws, and other incidental payments,
the aggregate of which, whether from temporary or permanent
sources, is inconeiderable, as will appear by statements eine
flexed to this report, where all are recapitulated, The receipt""e
from the post office, indeed, base of Late years exceeded a mile
lion of dollars annually; but this sum, exhsterted for the mist
part in defraying the expencee of that extensive' and useful;
establishment, performs In this inanneithe highest purposes of
revenue, by contributing to the intercourse, the trade, and the
prosperity of the country. , •
The net revenue which accrued from duties on imports and
tonnage during the rear 11194 amounted to 20.305,43 W. 42c.ee'
The actualecceipts into the treasury, from all sources, during"
the year 1824, amounted (including the loss of live millions,
at 4,i per cent. interest, to discharge Florida chime) to
24,381,912 d. 79c., viz.—custuins, 17,076,396 d. 71c, ; peek,
lands, 384,418 d. I6c. ; dividends on Stock in the Bank of the
United States, arrears of internal duties and direct lazes, and
incidental receipts, 472,987 d. Il4c. ; repnyment of advances
made in the War Department, for services and supplies, prior
to the Ist of July, 1016, 45,481 d. 89c, ; loan made under the
act of the 24th of May, 11124, to provide for the awards of the
commissioners under the treaty with Spain, 6,000,000 d., making
with the balance in the treasury on the let of January, 1824, of
9,4443,922 d. 81c., an aggregate of 33,845,135 d. 60c.
The regular and permanent expenditure of the United States
divide themselves into two principal branches—lst, the stns'
authorized by law for defraying the whole eapences of the Go,
vernment, domestic turd foreign, civil, military, and naval ; 2d,
tholee provided for the payment of the interest and principal of
the public debt.
The actual expenditures of the notion, on all accounts, dur-
ing the year 1824, amount to 31,890,638 d. 474 e—viz, civil, di- "
Plomatic, and miscellaneous, 7,15.6,308 d. tile. ; military set-
vice, including fortifications, ordnance, Indian department, re'.
volutionary and military pensions, arming the militia, and ar.
reertiges prior to the Ist of Jan. 1817, 5,270,250. 34c. ;
naval service, including the gradual increase of the navy,
2,904,681 d. 6c. ; public debt, 16,588,393 d. 7ae, leaving a
balance in the treasury on the let ut' January,
1,046,697 d. 13c.
The difference between this balance and that stated in the
last annual report from the treasury hi reconciled -be the rack,
that the balance last year -was given us tin estimated balance,
subject to correction by actual settlement afterwards, and that
it included the moiety of the loon of rive millions, uteler 'the
act of May the 26th,1824, which was not paid into tee treasury
until after the let of January. • •
The actual receipts into the treasury during the three first
quarters of the year 1825 are estimated td have amounted. to
21,631,444 d. custonis, 16,196,097 d.; public luntli,
976,902 d. 67e. ' • dividends on stock in the bank of the United
States, 367,5004. ; arrears of internal duties anti direct taxes,
and incidental receipts, 98,886 d. 29e.;repayments of advances
mane in the war department for erervices of supplies prior to
the let of July, 1816, 41,768 d. GOc. ; loan under the act of
May 26, 1025, 6,000,000 d. ; and the actual receipts into the
treasury during the fourth quarter of the year are estimated
at 6,100,000 d. ; making the total estimated receipts into the
treasury during the year 18'2b, 26,781,444 d. A6e. ; and with
the balance in the treasury on the 31st of December, 1824, of
1,946,597 d. 13c. an aggregate of 20,728,041 d. 60e.
The expenditures during the three first querters of the tear
182 h are estimated to have amounted to 20,199,979 d. tile.—vize,
civil, diplomatic, and miscellaneous, 2,090,6211 d. rnili-
tiny service, including fortifications, ordnance, Indian depart,-
meut, revolutionary and military pensions, arming the militia,
rued, eirrearages prior to the let of Jeimary, 1017, 4,890,310 d.
69e.; naval:service including the groulnel increase of the navy,
2,127,156 d. Sic.; public debt, 11,074,997 d. 79c, and the es -
pentlitures during the fourth quarter ere estimated sit 9,25;1.,11004.
civil diplOttlatic and miscellaneous; 443,000 d:; military
service, including fortifications, ordinance, Indlen department,
revolutionary and-military pensions, arming in the milititelind
arrearages prior to the Ist of January 1017, 960,000d,-; naval
service, including the gradual increase of the navy, 820,000 d.
public debt 1,028,000 d.; making the total estimated expendi-
ditute of the year 1825, 23,446,970 d. 91c. ; mid leaving ul the
treasury, on the let January, 1826, un eatintatett balance of
6,204,061 d. 78c.

. -
Should the expectations formed respecting the recepts in the
fourth. quarter be realized, the amount et' receipt's for the whole
year will have exceeded the estimate presented by the treasury,.
at the last cession of Congress, by about 500,0005 t..
It is to remarked, that the above estimated balance of
5,284,081 d. 711 e., the sum of 3,500,000 d. it is nut strOject. to
appropriation, 'being the estimated amount that will remain on
the 3lst of December next, unsatisfied, of approprietions
tutbre made. These uppropriatkins being necessary for the
objects for which they were severe lly made are' 011 an exist-
ing charge upon the means of the treasury. Of the.residuary
balance of 1„781,0111d. 78e., it is proper distinctly to state,
that about 1,000,0006.-.eannot be counted upon in any estiniate
of effective funds for the public service. It it made up or
debts due from ,various hanks, whose notes were received by
the Government during the suspension of specific payments, or
which were heretofore used as banks of deposit l debts: of
which the recovery must, in regard to a large part. bedoubtfol,
and, in any case, slow. It may be proper to add, that the
permanent depoititn generally made in our ratite banke have re,
eently been withdrawn, or put in train to be Si ,•' the public
exigencies, which rendered it nectstsary to Make them, in corn.
:non with those on which ttie losses above-mentioned are likely
to occur, no longer existing. Such portions of the deposits an
may still remain in any of these institutions Will be ftirther
withdrawn, as circumstances may render just, and expedient.
until these operations ate closed ;. nor will they be renewed
where it may be avoidable.
It may be proper also to state, that 'directions lone latelY
been issued to all thereceiVers and colleetors of tint public re-
venue, not to receive in any pOlriell;* math, to them; bank notes
of any of the Suite Bunke ot,leari aniouni than hve•tioners. In
diacountenaneing a species 'of paper circulation deemed-to be
objectionable, refer6ce was had to the authority and example
of Cangress upon this point, as seen in the prohibition to the
Bank of the United States, and to the benka existing in the
district of Columbia, against issuing notes ofa lower derunnina,
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The total amount of the funded debt due on the lit et Oc.
tober, 11125, wart 89,985,531 d. 72e. Of the aboveamoont the
only portion remaining unpaid of the revolutionary debt se
the three per cents., amounting to 13,288,2324., 45c. This
sum, and the subscription of seven millions in the Bank of the
United States, at five per cent. (the United States holding an
equal atrionnt in the shares of that instimtion), are
redeemable at 'the Ileasure .of the Government, Making. tort:-
Alter 20,296,231 d. sc. The residue of the public deka, eon,
tracted subsequently to the Ist of January, 1812, and mount-
ing to 60,15811,30 ed. 27c. exists in • the following portions, and
is tedeetnable at the following periods, '18.28, being
the residue unpaid of loan's made in 1813, 16,270atrid,.24c..'
in 11127, 'being the residue unpaid of loane made in 1814,,
13,898,542 d. 20e. • In 18211, being the residue, unpeid of loana
made in 1815, 8,4110,099 d. ; ,the tdock of. the foregoing
portions of the,delit is all at fi per ct.nt. In *oat "la
per gent., being the Moiety of f; pet cent..,. steeteAlBl3,. ex,
tiatiur the Act of Congress .0 lilgtchAs .184 Us
Moiety exeliangct. 'as iii,4 ove 4 1
71:1:14,69s 4h5 '4l)' ti:;:it.lts)"°"6lk` bias .ci t4cAlh"
e turn of
56,704 d. 77c., issutictl i.atchangs fectit4c4fir v, 1913,
11114 and 1815, trutUteri ed. under Ole at
.trtf,::‘,
.10,ot April,
itP22, 18,80111,5 k; ;tile 1. 000. 3 mr-tint.i being one
other third put of 'the :stitiiGialitooeri* 141t,,ttlrve stated,
10,oula. Svc. ;- in Ip2Q-JlOOl at 4i pet cent. boM)wc4l of the

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