The Statesman.
London, England, 1812-01-03 00:00:00

and nelr 2,460,0U0 dollars on account of the prin-
cipal of the public debt), at -t,:;00,000 dollars, which
leave at the end of the year a balance in the
Treasury of near 3,000,(X►0 of dollars. It will
not therefore he necessary to resort, for the service of
the present year, to tint loan authorized by the Act of
the last Session of Congress.
2. 1519..
. _

It is ascertnincti that the not revenue :wising from
duties on tnerchandize and tonnage, which Inis ar-
creed during the three first quarters of the year.
1811, exceeds six millions of dolhrs, audit may for
the. whole yetir be estimated at about 7,500,0(X). doll.
The custom-house bonds outstanding on the first
day of January, 1812 and falling due in that year
are also estimated, after deducting bad debts, at
7,.500.000 dollars. This sum may therefore be as-
sumed as the probable amount of receipts into the
Treasury during the year 1812 on account of duties
on merchandizo and tonnage : the portion of the re-
venue arising from importations subsequent to the
present year, which will be received in 181'2, being•
considered sufficient to pay the debentures and ex-
irnces of collection of that year.
The payments made by purchastirs of public lands
north of the river. Ohio, haring during the two last
years after deducting the expences and charges on
that fund amounted to near 600,000 dollars a-year :
that branch -of revenue may for the present be esti.
mated at that sum. Allowing one• hundred thousand
dollars for the other small items of revetrue, which
consist.principally of arrears and re-payments, the
whole amount of actual receipts into the- Treasury
during the year 1812, may therefore be estimated. at
8 i 00,000.)
. The current expences for, the owe year are esti,
mated as follovveth; viz.
Expenses of a civil nature, both domeraie and fo- •
ri 14n - , 51,460,000
V. Military and Naval Frablishmentai according to the 'esti-
nva-s of those two Departments, and including the additional
eroianent niipeppriations for the'purchtseof arras, and for Iri-
sh io ,
Army (including S'2,p'Jl dollars for militia) %SI ,011 j
A r•enalc, Anus, mid Ordnance - • ti 14,0,10
'naval part meat - • t!,5(11,001
Indian Department 'JAM
—5,915,000
• 2,1.25,003

3. Interesi on the Public Debt

Amounting to,tether to 9,10,1,060
And exceeding by 1,200,000 dollars the probable
amount of rm,,ipts. This deficitinay be raid out of
the sum of three minim's of dollars in the Treasury.'
.134 under existing circutnstances, it does not seem i
ei;gihle to exhaust that fund ; and. the estimate *of j
rec:..ipts being also liable to more than usual tincerr
tai:,!., the propriety of authorising a loan- suffiCient
t 9 s,ipply that difference, and- to -defra! such other
ex:raordinnry expences as may be incurred during
the bear. is respectfully submitted
It must a, the same time beobserved, that the sum of
0.100,00) dollars, thus stated as the amount of cur-
rent exiteures, for the year 1812, includes, in fact, a
portion of extraordinary expences, arising from the
present state of affairs. For if the military and naval
expenditure had been estimated at a sum not exceed-
ing the amount actually expended for those objects
deri:fg the year, ending on the 30th September, 1811,
that is to say, at 4,400,000, instead of. 5,000,000
dollars, the citinnite of receipts would exceed that of
current rnces.
The disimmeasents on account of the naval eats-
Ll•.tm,rit have amounted, in the year ending on the
:a' Mt S,•kiteinher, 1810, to 31,615,000
And is the year ending on the 90th September,:
It4l 1, to - :2,136,000
They are estimated for the year 1819 • - • • • 2,503,000
Tx dishope.oents on aernmit of the military rim.
416hment ewe amotintEd, a the year ending on the
1("h September, INTO, to .2,309;100
And in the year ending on the 30th Sept. 1811, to 2,129,000
They are estimated for the year -811, at 9,195,000
But the. detailed annual estimates for the year
181(!, nil' show that they are predicated on the
employment of almost the whole of the naval force;
and of the whole military establishment of the United
States, as authorised by law, covering, besides several
etner items, all the expense of more than 17,000
t ti:•rtive men in the land and sea service.

W it:, respect to the payments on account
..of the
r:;l,riral of the debt, it is evident that an authority
to bo.row a sum equal to that which will be reim-
bursed during the year Isle, will be necessary. The
plynitili which, according to law, must be made
boring that rear on that account consisted of
1. Annual reintburse:,!ent of six per tent. and
dcf •en. 4 at 0 r 31,570,000 00
2. ittimbursement of the residue of the converted
stock. 565,318 41

Ainolotiog togetber to 2,t`15,31841.
This snm, and that payable for interest, amount-
ing together to 4,360,000 dollars, leave, in order to
complete the annual appropriation of eight millions,
a balance of 3,640,000 dollars uhich can be applied
in no other manner than in purchases of stock at•thd
pricss limited by law. The amount which may be
tbus applied is therefore uncertain.
PUBLIC- 1013 T.
Lt appears by the statement (D) that the pay-
ments on account of the principal of the public ,deht,
will, from the Ist of October, 1810, to the 31'slof
Doceniber, 1811, have exceeded 6,400,000 dollar.,)
With the exception of the annual reimbursements' of
6 per coat. and deferred stocks, there will remain; pt
ti:o eml of the year 181 t 1, no other -portion of the
rue.ic debt reimbursable .at the will *o7 the United
Etati s, than the residue of converted stock, tuttoront-1
ing, as above gated, t.o 565,000 dollarsi-ent!PWlifeni
will be paid in the year 1812. There being notitilg
a:terwards loft, oa which the laws, passed, subsequent
C:e year ltsvl, for the retlt.mptlen of the dcbt,
can (+prate, a general view of ;the .reaLklt ,ntsd,eitrect*
ccrlt:•,,t law; will now be presented. :""
Exclusively tf near three millions of' unfurntr4 j
since reitn:Jniserl, as detailed in the Report tiC
tit of April, 161)8; the public-debt of the •Unifeir
_.lstr-4.4
April. tc~l~ to
'72,92.6.999.
h • whole amount of principal eztinguished der-,
g the p:•ried of fen years and nine -months, cioin-
o, ring op the Ist of April, 1801, and 'ending cni
31s• of a•cember,. 1811, exceeds 46,000,000441

,4-0.1 i,, s. s 4.
, ~ '
Foreign labs paid in tin,
t Ight er cent. live and half per cent. four. half.
:id
o•reetit.iind awry si% v r cant. stooks r and ittiski• • ' '
,r:, loi.e. tt... on the Ist of April, Lya., So limit •
of tlr• LI tilt ^:1 Suet!, all paid to MIl- i'3' 1t,667,2)6
SiA. pet r * . and d,rerrid itedrr, Rileghdlir; the
et ettaisofs‘uek teintimsed , • ~... „ - - 90,090,744
Three per. eerk,, shlek inchdlris coarintO stark
rei,e4nrsed , - • . 207,2.:9
It egiatuntlaktitt, Ilad dlitt tO foreign ellem 1009 S
•
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