Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-03-08

DEPAR TMEN / OF FINANCE.


teryension OF other matt:r which IN our
opinion required Immediate ditcutiion, and
partly TO deiire that tholc diitant TENT
weekly federal papers which had begun TO
~r.orinr this examination at late day,
might have an opportunity 10 oyeftske US
we hope 10 be aole to fniih without any
further material interruption.
IS In the department OF finance, tiays
the PreGdent) it is with pleature | inform
you, that the receipts of external duties Tor
tie lat twelve months, have exceeded
thofe of any former year, and that the
ratio of increaie has been aiio greater than
u1nal. This has enabled ps to aniwer all
the regular exigencies of government, to
paw from the tresfury within one year,
upwards of eight millions OF dollars pfln-
cipal and intere&, of the public debt, ex-
cluiiye of upwards of one million paid by
the lale of bank flock, and making in the
whole reduction of nearly five millions
and half of principal, and to have now
ia the treafury four millions and halt OF
dollars, which are in a courie of applica.
zion 10 the further diichafge OF debt, and
,he Current demands. Experience 100, 10
far authorities US to believe, if no extraer-
binary event fupervenes, and the expences
which will be actually incurred ihall not
be greater than were contemf lated oy
congrefs 3, their lait fehion, that we ihall
not be disappointed in the expectations
then formed"
After delivering fome very fagacious
axions in politics, fuch as obiervlng that
&C as che effect of peace on the amount OF
duties is not ye, fully aicertained, 1t IS
the more necsGsry TO prafaice every Hse-
FIX! economy las if there is any tate OF
things where a nsetaI economy ought not
20 be prsaifea) and thar fo, the fame rea-
ION we ought /" to incur no expence
which may be H1oiaed zoitbont brya-
dire !" fasif expeuce ought ever to be III
CURED which might without prejudice
have been avoided and after grayely 10
forming US that s. thofe collectors Of IN
ternal taxes who had executed their duties
were Of course out Of comniilion,' (as it
this were an extraordinary causs Ter 'ellei-
tation to the aGembly OF the nation) and
that Sc in few Gates where the arrange
ments for the direa tax had been retard-
ed. il will HilI be ione tine before the
fyftn is clcfed," las if Virginia ever IT,
tended or expected 10 (" clolc The 'sieena'
by paying her proportion Ct the land tax,
Of which tie eaRern Rates have long fncc
paid t5eir proportion; y and after obfers-
iog, that 0 ufe had been made OF the aa
OF lalf felton, for g prolonging the foreign
debt by reloans,'' &c. our worthy Pref
dent thus nodealy and honorably and no.
sefly concludes this part of his fubjea:
"When effects 50 falutary refult from
the plans you have already sas17issed,
when merely by avoiding false objects Of
expence, We are able without direct
tax, without internal taxes, and without
borrowing, to make large and efeefual
nayments towards the difcharge of our
pa6ic de6t, and the emancipation OF our
poRcrity from that marital eoaker, It is
an encouragement, fellow citizens, OF the
hiehc& orcer, TO proceed as WE have be-
gnn in sE5sttuting eeoa0my for taxasien,
and In purifying what is ufsful for nation
placed as we are, rasher than what is
praafed by Others under different clFcum-
Hances."
When the Chief Magiarate addfeGes
himfelf to the people, we expect that a
decent refpeef for bis elevated fation
fhouid unite with prudential regard for
his own private character, TO prevent him
from expofng hirnfelf 70 Be openly detect
ed in breach of yeracity or even an at
tempt 10 deceive. Any material deviati-
on from Rria resfi,ude here INIT iooner
or later prove fatal TO him, however
Arongly entrenched be may be IN per-
fonal ropularity. Whether MIR. Jeffer- 4