The enquirer. [volume] (Richmond, Va.) 1804-1815, 1807-11-17
DT3TN DFRT.

II appears by the Placement (D that the payments
on account Of the principal of the public debt have,
during the year ending the 3C,h day Of September,
So7, exceeded 1000 900 dollars making the total
Of public debt reimhurfed from the Of April sol
60 the III of October, 1907, about 25,aSo,oco dol
lars txcluiIveY OF more than FIX millions, which
have been paid during the fame period, III conforuli-
~ with the proviions Of the treaty and convention
with Great Britain, and of the Louiana convention
OF the twelve millions of dollars, which, according
20 the preceding climates, may be PAID on account
of the public debt, between the 3oth September,
1897 and the'lR January, 1909, about eight milf
n1s will be account Of the principal It nuit how
be obfervcd, that the unalcertained reu, of the
propotou made the pubic cFeditor. for the mo-
didoation Of the debt, may aiIet the amount payable
during the year 1908, on account OF both principal
and intereg.
On the III day Of January, 1909, the principal of
rte debc viii, if he PrcppIr modification be not af-
<nted to by the public creditors amount to near i'd
- Ieven millions aud FIVE hundred thoufand dollars
The iuhequent annual payments thereon. account
ct principal aud ntere!l, vv not eycnlIy.iy Of &C.
caGonal pureh2res, exceed 6ooooo collars And the
whole OF the tfbs the nineteen millions Of thee per
recent. R"es only excepted, Will be Reimbursed in
4xtfen vedrs
general fr.icrp'ipn worM reduce he capital
tr a5-- E.tr-cae millions OF dolrs The payments
eo.s 7nioun, 90 eight millions nf dollars annually,
ar'n- 4E yeEs, sr'd everape leis than three millions
g. :.
od ,Ne hole deb; sc a,id r, c.-.nyu Nie1.
So a11ra uu5gT-arriatcd !ur7tu5 If AZ lean three
rn'ifars nj dollar may heyc,fDr;h he relied upon
"rs sr'it confidence. 'tbo receipts &c tie yea
1905 hs'c bee7 eGim1-ei p. s,pooo aud the ex-
p-oce az lS.f1o,eoo do,ie.s. The permanent Ieve-
ulr has bsn computed Z Joo 200 dollars, and the
pcr-na1"Dt e1porees, rredica-ed on an annual pay
mert pi eiat, millions Of dollar, on a-eoun; OF the
deh', hsve been Rated o, ,Gao.ooo dollars: and as
tns you'd If no modification If ths debt mould take
Place. be reduced 70 tells tha3 500 ooo the annual
iurPUs YOU'D then TO TX mi'1o1s Of dollars.
foT are the feven millions ard an half Of dollars.
which VII remain IN he treaCury as the end of the
rre'ent year, included in the calculation.
What portion IF that fprpus may be wanted for nc
csla-Y ueag5es Of ie;ufi'y and defence; what por.
ton lbou!t be applied TO ir-crua prcyements which
whilh iDcresGog aud differing tly national 1c,lth,
vii lfr'rgthsr fhe bonds Of UNION, fpblr1s which
do rot ia.l within tie PROV. c. 81 the 1fesiury De-
plrt1,est; but Is not inrcibale taat after making
ample proviion Tor both thnfr OlisSts Comfortable
lurpufes, and which can 10 crg,r be- sprled to the
redemption Of the debt, nsy Giii accumulate ia the
Iieafury.
Tie previous accumulation n trearure in time If
peace might, in a great degree d,lray the eytrapr-
binary 1penccs e yer. sud d,niiunl the ncceity Of
either loans or sdii' ~ II taxes It would provide,
during perlot o PROPERTY, lor thoie advert. events
t. inch every ns'ivr ie erroled, nlssd Of rcrcaC-
ing the burdens Of the people at time when they arc
Irsif able 20 bear them, Of imparing 10y anueipa-
tons he rcfourors Of cnfuirg generations and the
ret..c monies Of the u State. being locked no
AMI withdrawn from the general circulation, but on
the contrary d~poiited in banks aud continuing ~
form part Of 'lc c-cultiug medium, the moi for
m'dabic objection TO ;bat iyaem, which has never
thesls been At tn'fs adopted with comfortable fne.
cei' in other countries sthereby atogetherremovrJ
j. sa'o believed that the renewal Of the charter Of
the Bank Of the y. statss may, anongA osr aGyaa-