The Sun.
London, England, 1829-07-07 00:00:00

UNITED-STATES.

;We have extracted from one of the American
Papers the following statement relative to the public
debt of the United Skates;—
There was some increase of
1°1791 75,169,971 debt in each of the six years, ex-
-1796 81,642,272 cept 1794, in which there was
a reduction of it.
r The debt was increased in con-
sequence of the military prepara-
tions against France, to 1801,
when Mr. Jefferson's administra—
tion commenced.
Increased in 1804, by the pur-
-1 chase of Louisiana. Mr. Jef-
ferson's administration ended 4th
March, 1809.
The debt was at its lowest
amount in 181$, in Mr. Maddi-
son's administration, and preced-
ing the war.

1799 '77,399,909
1801 82,000,167
1803 74,731,922

1804 85,353,643
1809 56,732,379

1810 53,156,532
1812 45,035,123

1813 55,907,452
1816 123,016,375

War and war debts. Highest
amount in 1816.
Mr. Monroe's administration.
Rapid reductions since 1816, the
receipts from the customs and
other sources being large.
• Increase because of the pur-
chase of Florida, and short re-
ceipts from the customs, &c., in
1820-21, &e. Mr. Monroe's ad-
Lministration ends.
)
,1826 81,054,059 Mr.. Adams' administration
1828 67,475,622 commences 4th March, 1825,
1829 58,362,135 and ends 3d March, 1829.
la the four last years there was applied to the public
debt:-- -
For interest... 14,930,454
principal 30,373,188

1817 1,15,807,505
1820 91,015,566

1821 89,987,427
1822 93,546,676
1825 83,788,432

45,303,652 d011ar5—(11,325,910 dot-
,
Jars annually.) • •
The standing appropriation for the payment of
Principal and interest is only ten millions' a year, but
at the end of Mr; Monroe's administration, the
Treasury was ih.arreari with the sinking fund, its
operations having been suspended by the pressure
ou the Treasury in 1820 and 1821.
The average Payment of interest in the last four
years, was . 3,732,500
........................... .
Of, principal ' 7,593,250
.... • .. .. .. ..... ... .
But ~.
the reduction of interest, because of the ex-
tinguishment of principal in the last four years, will,
for the next four, allow an annual average of two
millions more for the payment of principal. And,
as 30,373,188 dollars of principal were paid off in
1825, 1826, 1827, and 1828, so, at the same rate,
38 millions may be paid in 1829, 1830, 1831, and
1832. But it. is not probable that so large a sum
can be used.
The debt, as it stood on the first of January last,
may be thus briefly stated:,--
;, 3
per cent. stock, (revolutionary debt) re-
deemable at pleasure
6 Per cents. of 1814 and 1816 do.
5 Per cent. stock, (sub. to bank of U.S.) do 7,000,000
Ditto of 1820 redeemable in 1832 999,999
Ditto of 1821
' Ditto exchanged 1832' 56,704
4/ Per cents. of 1824
Ditto exchanged 1824 ...... 1833 & 1834 4,454,727
Ditto, ditto 1825 ... .. 1829 & 1830 1,539,336

b 8,362,135

Total at 3 per. cent.
at 44 ditto
at 5 ditto
at 6 ditto

From the aggregate
Deduct
Thes per cents.. payable in 1835...4,735,296
5i dittO ......... 1823 & 1834...4,154,727••

9,190,028

Dollars 49,172,112
The expediency of paying off the Three per Cents.
Will only be considered if the Treasury shall over-
now, even when the taxes shall be much reduced;
and the Stock that forma a part of the capital of the
"lank of the United States can hardly be regarded
as a debt, the Bank stock being worth upwards of
amtlltoltmore than the United States stock issued
fe •
or t. These together. make 20,296,249 dollars,
i
aving for probable operations in the current four
years, rather less than 29,000,000 of capital, to re-
d°l4 ' which; at the ratio of the last four years, we
11
• all liars about 38,000,000, or 'an apparent excess
of 9,000,000 dollars.