Jenks' Portland gazette. [volume] (Portland, Me.) 1803-1805, 1803-10-31

~ tH~ PiSNSdhaSs JSais uiiShaf 81 ~
more than eight millions and an half of
dollars ofthe principal of that debt, be-
fdes the accruing interea and there
remain in the Treafury nearly tx mil
,1ions of dollars. OF thefe, eight hun
dred and eighty thouland have beenre-
ierved for the payment Of the hrlt In
Ralment due, under the Britilh Conyen-
ton Of January s, 1902, and two mil
lions are, what have been before men
toned, as placed by Congrefs under the
power and accountability of the Pref
dent, towards the price Of New Orleans
and other territories acquired, which,
remaining untouched, are aill applica- !
bic to'that objee, and 90 in dilnuintion
of the fun to be, funded for it. ss
Should the acquihtion Of Louifiana
be conititutionally confirmed and car
ried into efed, "a FUN Of nearly thirteen
millions Of dollars will then be added
to our public debt, mott Of which is
payable after fifteen years !; before
which term the prelent exiting debts
will all be difcharged, BY the elablifhed
operation Of the linking fund. When
we contemplate the ordinary, annual
augmentation Of impofs from increaf-
ing population and wealth, the aug
mentation of the fame revenue, BY IFS
exteniion to- the new acquifition, and
the economies which may It'll be INTRO
duced into our public expenditures, |
cannot but hope thar Congreis, in re-
viewing their reiources, will find means
to meet the intermediate intereft Of this
additional debt, without recurring to
new taxes, and applying &c, this obIea
only the ordinary progreflon Of our
revenue. Its extraordinary increafe, IN
times of foreign war, will be. the proper
and fuhicient fund for any rneatures of
fafety or prerap}ioh, which that fate Of
things may render necefary in our
neutral petition 4 60
~ Remittance; for the ;nfalnents of
our foreign debr having peen found
practicable without lois, it has not been
thought expedierlt to ufe the power,
given by former act Of Congress, OF
continuing them BY reloans, and Of re-
deening, infead thereof, equal fums of
domef1ic debt, although no difficulty
was found in obtaining thar accomoda-
ton. - ..s.. 80.
The fun Of hffy thoufand dollars, ap-
propriated by Congrefs for providing
gun-boats, remains unexpended. The
favorable and peaceable turn Of affairs
on the MiH;lippi, rendered an iniInedi-
ate execution of that law nngiecefiary ];
and time was deiirable, in order that
the. inititution of that branch Of our
force might begin on models the mott
approved !, BY Experience. - The fame.
idue Of events difpenfed with refortto
the appropriation Of a million and an
half Of dollars, contemplated for pur-
pofss. which were efeaed BY happier
means. - 49,. -
We have fsen With iincers concern
| the flames Of war lighted up again in
Europe, and nations with which we,
have the mott friendly and ufsful FIELD:
lions, engaged in mutual rdsifruction.s
While we. regret the miisfissa il which.
We fee Others involved, LET US bow with
gratitude TO that kind Providence, which
infpiring with wifdom and moderation
our late Legislative councils, While plac-
ed under the urgency of the greatelt
wrongs, guarded US from haaily enter
ing into the fanguinary conte1t, and left
us onlyto lock on and TO pity its rava-
ges. Thefe will be heavieit On thofe
Immediately engaged; yet the nations
purifying peace will not be exempt nom
-alleviI. In the courfs Of this confiia
let it Be our endeaSour as it is cur in
m i L.. L j