Star.
London, England, 1820-01-28 00:00:00

old registered Debt, added to thy rtthaii Debts
(is appears by Stateikent III.) the ampstst of

I Front whirls deduct the NADU=
of Stock purchased during that pe-
riod (as appears by Statement IV.) 411.917 55
And the estimated ra:mburse-
tnensbf diferred Stock

245,827 88

Making, on the Ist of October, 1819 (as ap-
pears by statement III.), the sum of - 91,728,527 51
Since the 30th of September, there has been
redee.med or provision made for the redemption
of fifty-four per cent. of the Louisiana Stock
unpaid on the Ist of Ocfober, 1819, amounting
to 3,601,817 15
_ .

And there will he reimbursed
of the principal of the deferred
Si: per Cent. Stock, on the Ist
January, 1820 -

241,506 70 .
2,543,323 $5

Leaving the Public Debt unredeemed on the
lst oflanuary, 1820. by estimate •8,885,403 66
The Treasury Nbtes in circulation are esti-
mated (as appears by Statement V.) at -
The whole of the Awards made by the Com-
missioners appointed under the several Acts of
Congress for indemnifying certain Claimants
ef Public Lands (as appears by Statement VI.)
amounts to "

181,621 00

4,282,131 12

Of which there has been received at the
office of the Commissioner of the. General Land
Office (as appears by Statement C.) the sum of

2,372,574 31

Leaving outstanding, at the dates of the seve-
ral Returns from the Land Districts -

1,801,576 81
lIL-OF THE ESTIMATES OF THE PUBLIC

REVENUE AND OF ExplowiTua&s.
FOR THE YEAR 1820.

In presenting .the Estimate for the year 1820, it
.may be proper to observe, that on the 31st of. De-
cember, 1817, the permanent Revenue, including
those Duties, WAS estimated at 24,525,000 dollars,
whilst the annual authorized Expenditure was ascer-
tained to be less than 22,000,000 dollars. The repeal
of the internal duties reduced the former to 22,025,000
dollars, whilst the payments from the Treasury, dur-
ing the year 1818, exceeded 26,000,000 dollars ; and
those of the present year will probably fall but little
short of 25,500,000 dollars.

In the Annual Report of the Treasury of the 21,st
of November, ISIB, the receipts to the present year
were estimated at 21,220,000 dollars. Although this
Estimate will be realised in its general results, defi-
ciencies have been ascertained in the Customs, the In-
ternal Duties and Direct Tax, the Bank Dividends, and
the Postage of Letters. The deficiency which ham
occurred in the Customs, Internal Duties, and Direct
Taxes, will probably augment, in nearly the same
degree, the receipts from those sources in the year
1820, by the payment of the Revenue Bonds, and of
that portion of the Internal Duties and Direct Taxes,
which, if the accustomed punctuality had been
ob-
served, would have been received during the present
year. But it is probable that the receipts of that y:--ar
I will be diminished by the non-payment of the Bank
Dividends, and by the application of a portion of the
proceeds of the public lands to the redemption of the
outstanding Mississippi Stock. The receipts for Ihe
year 1820, applicable to the ordinary and current
demands upon the Treasury, may therefore be esti-
mated at 2'2,000,000 dollars, viz.

Customs - - - - - 19,0(10,000 00
Public Lands - - - - 2,000,000 00
Arrears of Internal Duties and direct Tax - 450,000 00
Second Instalment due by the United States Bank 500,000 cis
Incidental Receipts - - - 50,000 00
Which, with the Sum estimated to be in the Trta- ,
my on the Ist of January, 1820 - 3544996 PO
Make the aggregate amount of - - 13,554,996 90

The estimates of the expenditure for the year 1820
are not yet complete; but it is ascertained, from
those which hale already been received, that a sum
not less than 27,000-,000 dollars v:ill be requited
for the set vice if. that year. This deficit of nearly
5,000,000 dollars, resulting from the excess of ex-
penditure beyond the receipts, cannot be supplied by
any application of the ordinary Revenue. Alter pay-
ing the interest and re-imbursement of the Public
Debt, and redeeming the remainder of the Louisiana
Stock, about 2,500,000 dollars of the Sinking Fund
will remain without application t if the price of the
Public Stocks should continue above the prices at
which the Commissioners of the Sinking Fund are
authorised to purchase. During the years 1821,
1822,.and 1323, the average sum of 5,000,000 dol-
lars off'
the Sinking Fund will also remain without
application, if the price of the Public Stock should
prevent its purchase. Any application of that pot
tion of the Sinking Fund which, on account of the
price of the Public Stock, may remain unemployed
in the hands of the Commissioners of .the Sinking
Fund, to other branches of the public service, if
allowable under the provisions of the Act making
.the appropriation, would only postpone the period
at which additional impositions would be required
to meet the Public Expenditure. Such an applica-
tion would also have the effect of ultimately re-
tarding the redemption of the Public Debt.
It may be proper to add, that although some of
the items in the Estimate for the ensuing year may
be considered in their nature temporary, yet it is
probable that the Estimate for succeeding-years will
exceed, rather than fall below it.
Under .all the circumstances, it is respectfully sub-
mitted, that the public interest requires that the Re-
venue be augmented, or that the expenditure be di-
minished.
Should an increase of the. Revenue be deemed ex-
pedient, a portion of the deficit may be supplied by
an addition to the duties now imposed upon various
articles of foreign merchandise, and by a reasonable
duty upon sales at public auction ; but it is not pro-
bable that any modification of the existing tariff can
supersede the necessity of resorting to internal tax-
ation, if the expenditure is not diminished. Shetild
Congress deem it expedient to modify the present
rate of duties, with a view to afford that protection
to our cotton, woollen, and iron manufactures, which
is necessary to secure to them the domestic market,
the necessity of resorting to a system of internal
taxation will be augmented. It is believed that the
present is a favourable moment for affording efficient
protection to that increasing and important interest,
if it can be done consistently with the general inte-
rest of the Nation.

The situation of the countries from whence our
foreign manufactures have been principally drawn,
authorises the expectation, that, in the event of a
monopoly of the home market being secured to our,
cotton and woollen manufactures, a considerable
portion of the manufacturing skill and capital of

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Cents are discarded in this Table.—The whole fr
Returns. (Signed) THOS. and J. G. B
Philadelphia, Nciv. 24, 1819.

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',DDLE

DOCUMENTS RELATIVE TO FLORIDA.

The series of Documents accompanying the Presi- .
dent'; Message to Congress is now completed. The
.first portion of them is dated as far back as,the early
part of the year 1818, and relates to the grants old
lands in the Floridas, made by the King of Spain at
that period, which have been stated as obstacles to
'the execution of the Treaty: it appears, however,
by a letter from Don Luis de Onis, dated Washing-
we, November 16, 1818, that his Catholic Majesty
consented to annul the grants made to the Duke of
Alagon, to the Count .of ninon Rostro, and to M.
Vargas, on condition that all those made by Spain,
from the year 1802 to the 24th January, 1818, the
date of the first proposals for the cession, should be
confirmed. This forms the basis of the Bth Article
of the Treaty itself. The refusal of Spain to ratify
the Treaty, in compliance with the concluding Ar-
ticle, limiting such ratification to the 22d August,
which has been long known to the Public, renders
thesofficial correspondence prior to that date of very
subordinate interest. It forms, however, a large por-
tion of the voluminous documents submitted to Con-
gress. Mr. Forsyth, the Minister from the United States
to Madrid, after the expiration of the limited period,
renewed his attempts to procure the ratification of
the Treaty. On the 2d of October last, he addressed
a letter to the Duke of San Fernando, who had then
recently succeeded to the head of the Administra-
tion, professing his willingness still to accept the ra-
tification, provided it was distinctly understood that
the grants to the Duke of Alagon, the Count of
Punon Rostro, and M. Vargas, were annulled by the
Bth Article of the Treaty, and that the King's signa-
ture should be affixed to it within eight days, in older
that Captain Read, of the Hornet, who was then
Waiting at. Madrid, might be enabled to arrive with

LONDON.

FRIDAY, JANUARY ‘2,8, 1820.
THE FUNDS.

PRICE OF STOOKS THIS DAY AT ONE o'cl.c,
Bank Stock 222 2221/2

3 per Cent. Ite.;aced 683/4 3/8
3 per Cent. Consols 6867%
3i per Cent. 77% 1/8
4 per Cent. 86%8 87 86'5 .
5 per Cent.
..Navy 103 1027/
Bank Long Annuities 18 1-16
Imperial 3 per Ccnt. Anns. 67'/
India Stock, 208V2

India Bonds 11 s. 12s. pr.
South-Sea Stock 75%
Old Annuities 68%
New Annuities 673/4
Exchequer Bills (2d.) Ss. 41. pr.
Commercial 7s. discount
Consols for Acct.6Bl/8 G 7 N.

Ow extracts this day from the Ametic
German Papers, will .be found highly interests
will be seen from the Annual Treasury Repo:
seated to Congress, that the whole American R,
for five years past, was as follows :
• In 1815 - - - - - - .
or about 412,388,000 Sterling.
In 1816 (the second year of Peace with England)
In 1817 - - - - -
In 1818 -

For 1819 (estimating by the three Quarters ending
Ist October - - - - 25.
Or about. £6,000,000 Sterling—about one h-
they were in 1815, the year after the Peace.
The Expenditure, for 1820, is eaimatef
millions, being 6,000,000 more than the estim,
Revenue. In consequence, the PRESIDENT
to Congress the expediency of augmenting tke
or reducing the Expenditure. lithe former be .
which is probable, whatever may be effected
way of reduction, " the Cotton, Woollen,
Manufactures" of the United States, are to
tested by Duties imposed on British Manual
Thus is our own system recoiling upon ourseli
the very moment when our Agriculturalistsare
ing Associations throughout the Kingdom for
ting out (however their object may be ciisgt
words) every agricultural product that can
in Great Britain.

Our ContThental neighbours, it will be
pursuing measures similar to those recommended
Mr. MONROE. Every where they are complaining
that they can find no market for their agricultural
produce, owing to the operation of our Corn Bill,
fixing the market price, for importation, at 80s.
They are everywhere calling out for the imposition
of high protecting duties on English goods, in orde►
to compel our abandonment of our present system.
One thing is abundantly evident. It is only by
the disposal of their surplus products that either the
'Germans or the Americans can take our goods; and
to no other market can they carry their produce but
to the English. The alternative is perplexing. Shall
we throw a portion of our lands out of cultivation
into pasture? or . shall we throw a large portion et
our manufacturing population out of employment?
There is yet a third question—Shall we change
mode of culture, and substitute human for ,
labour? We are decided in our opinion, that what-
ever be the result as to the two alternatives, the
latter change ought to be introduced into our system.
Without eaters, and drinkers, and wearers, we can
never raise the supplies wanted fir our expenditure.
These might be greatly increased by the introduction
of Spade Husbandry, and with increased profit to the
Agriculturist. None but fools can expect to increase
their income by lessening (as einigration does) the
number of consumers.
For the Statement of tho Public Debt of Ame-
rica, as held by Citizens and Foreigners, on the Ist
of January, 1818, we are indebted to a friend. It
has not yet appeared in the American Papers. It is
given in dollars. The aggregate taking three pet
Cents. and all at 100 per Cent. 92,665,722 dollars.
is no more -than £20,849,787 9s. sterling-..say less
than twenty-one millions, without deduction for the
sums paid off last year. What a miserable, scanty

ef
Cn
answer,
ng's it,-
,leavit
)n. He
rovince
which Le
Amtri-
lanation c.
'aires at
had not
qr. For-
:ly send
L person
" by *- •
iculties,
meat of
tl:e Fe-
alty, as
his iii ;-
nit}' and t..
,n Spain
.
ontrrcss.
5
•
CCK
t
can and
sting. It
>ort, pre-
Revenue,
Loyart.
49,553,6:2
36,60,904
24,36:4'Ci
.t6,095,1:00
25,A,27,224
lalf what
ed at fr;
estimated
r submits
Revenue,
!adopted,
ed in the
and Iron
be pre-
rfactures
selves, at
are form- •
for shut-
guised in
be raised
seen, are
leaded by
•nplaining
Ticultural •
.."'orn Bill,
, at 80s.
mposition
, in ordet
system.
s only by
either the
ands; and
oduce but
ng. Shall
:ultivation
portion it
rloyment?
hange our
for brute
that what-
atives, the
ur system.
•s, we can
penditure. ,
troduction
rofit to the
to increase
does) the '
of Alm-
on the Ist
friend. It
)ers. It is
three pet
!2 dollars.
--say less
ion for the
rte, scanty