The enquirer. [volume] (Richmond, Va.) 1804-1815, 1804-05-23

has not SO estimated il. He states 4 sur l
plus of 100000 dollars of nett revenuc.-i
He considers the interest OF the Louisia- |
M stock as chargelble upon the nett re-
venue and not on the specie balance i'll The
treasury for as the interest accrues annually |
the specie balance would soon be exhausted. |
I am sensible that it is difficult, from any do. |
cuments ON the table, to be perfectly correct.
Had the gentleman distinctly attended TO my |
estimate of tine evils Of the proposed addition
al du.ies, he would have seen that it was not
incorrect. L took the gross amount of goods
chargeable ad valorem At for,y mil ions, and |
estimated that TWO and 4 half per cent. duty
thereon, would produce a million; making |
twenty five per cent. allowance for draw
backs, l made it produce the nett sum of
1896 o dollars.
Mr.. c.. concluded BY observing that the
committee must be sensible. by adverting 10
the act, that the proposed fund would not be
confined 10 the Mediterranean The 2nd Sec |
ton is as follows:
"Sec. 2. Ind be itfars5sr enacted. That a |
distinct account shall be kept of the duties
imposed by this act, and the proceeds there
of shall constitute a fund, to be denominated
the Mediterranean Fund and shall be ap-
piled sololy to the purposes designated by this
act ; and the said additional duty shall cease
8hA w. ~ ~ VI hhANN
months after the ratification by the President
of the United States of = treaty ofpeace with
the regency Of Tripoii, unless the United
States should then be at war with any other
of the Barbary Powers, in which case the
said additional duty shall cease and be discon-
tinued at the expiration of three months af-
ter the ratification by the President of the u
nited States of = treaty of peace with such
power provided however. that the said ad-
ditional duty shall be collected on all such
goods, wares and merchandise, liable to pay
the same, as shall have been imposed pre-.
vious to the day on which the said dury is 10
cease"
The objects general, and gcntierren must
be sensible if the money collected is surnci-
ent to discharge the expense of the navy, it
may be SO applied. 1t mus, indeed, be ap-
piled TO that object, as none other isissated.
Mr.. NICHOLSON sajd as the gentleman
from Connecticut seemed to consider the OBJ
ject too general, he would, in case the com
mittee refused to strike out the first section,
move to limit the application OF the fund
Is to protect the commerce and seamen of the
United States in the Mediterranean"
The question was then taken on striking
ous the first section, and passed in the neEa.
tiye-Aves %.
Mr.. E1cboLson then offered the smendrnent
JUST stated.
Mr.. EUSTIS hoped the gentleman from
Maryland would Withdraw his amendment,
as in a subsequent part CT the bill he object
isdistinctly specified. 1t Is al-ocsthey urne-
cessary and if agreed to, i twill be necessary
10 add 8 or adjacent seas"
Mr.. NICHOLSON said he considered he
amendment as unnecessary but IS he had
promised to make it, he could NOT withdraw
Z. it.
Hr.J. RAND9-pW skid re would sug-
gest one reason why it ought rot to obtain.
One Of the Barbary Powers possessed a coast
out of the Mediterranean, IF the misfortune
OF the United States shoel3 dispose this pow
e. (Moroccol already pr'elisposcd to hostili-
~, to war upon the United States, it would
not be in our power to block up the port Of
Salleo, and several other ports ont of the Me-
Giterranean.
The question was taken on the amend
nnent, which was lost without a division.
The committee then rose and reported the
bill without amendment.
The House Immediately took it up.
When Mr.. +. Criswold renewed his mott
on to strike out the first section.
Mr.. ]. RANDOLPH said thet or his re-
turn yesterday, to his seat, after an indicpen-
sible absence during last week, he had learn
ed with IS much surprise as CONCERN the d;gas-
trous event which had given rise TO the bill
then before them. Not being przsent when
the bill originated III the. committee OF ways
and means, it could not be expected that ne
should go largely into detail and even t ne
had been prepared so TO do, the very satis-
factory statement Of his friend from Mary
land oar. nicholson rendered it altogether
unnecessary. He should content himself with
Offering some few remarks, b. way Of reply
TO the objections of the gentleman from Con.
n~ecticut (Mr. Gr:swcid,) These resolved
themselves into two distinct brauches-frst
70 the raising Of any additional revenue what
.ever-secondly to the proposed mode of ot-
tanning it.
On the first of these points, Mr.. r. begged
~leaveto refer to the report Of The Secretary Of
the Tgeasury, laid before the house early in he
present session. He therefore computes the
~s?crnanent annual revenue of tie United
States at Dollars.
~1o,40o,OOo
And the permanent annual
expence Iviz. sinking fund,
evil list, foreign intercourse,
military and Indian, naval de-
partments, on the existing es-
tab-ishment is estimated at
100000
---
Leaving 4 surplus Of ? 100000
revenue equal TO
How these six hundred thousand dollars
arc TO be disposed cf will be seen hereafter.
so much, Sir, for our permanent revenue,
and permanent expenditure.
The extraordinary resources, consisting Of
specie in the Treasury ard arrears of old tax
es, amount TO 6,660,O0O dollars, and this is
the fund from which the gentleman from