Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1813-06-07

afpsnnsvIvania TO be loaned TO the Y.
| States, but which was net sffered IN tins
10 be acceptedas a part OF me 'oan o.
sixsecn millions; may DC cohsiue'euas
q resource. ~ r.
In this,estinate the whole sum OF hive.
millions of dollars authorized TO be issu-
ed in Treasury Notes, is taken as a part
Of the resources of the present year. bdt
IS i, is not deemed eligible TO encrease
the amour, of Treasury Notes in cIrca-
Iation, and a. three millions only OF those
authorized by the act of 1912 were issa'
ed in that year and are rsinioarsaoie 20
the course Of the present year, IT is re-
snccifully suggested tpat in iien OF lssu-
;ny twu million. Of the FIVE millions atl-
thor;zed BY the act of February 1873,
Congress should authorize an addilion-
al lean for the same amount, II oeihg
made a CONDITION of such loan that Its
terms should not be higher than these OF
the loan Of sixteen millions already et-
/ feeted. 9l
The provision already consid red IS
Cor the service oftthe present year oniy /;
that which will be pecessafy Tor Tue
year 1914, requires an early at'entV'e'h ~
II is difficult to estimate WIN accuracy
the sum which will be received into the
Treasury from the revenue az now Is
tablished. During a state OF war, ''e
customs. at the present rate ot 'u''es'
have been heretofpte esumatf 70 pro.
duce FIVE millions OF dollars The ADD
tional tonnage duly imposed 1p"n ~.
reign vessels bvthe aci Q the ist 81 Ju
", 1879, producing abnnt 2oC,ooo COR
lars a wear, is not included III that sum
Il is believed that during the wear l8l4,
greater sum than five millions I've
handred thousand dollars ought not to
be relied upon as receivable into the
treasury from custom house Gnfles
The sum arising from sales OF public
lands NAV be estimated at hu"dF9d
thousand dsllars, making together 900,
600 dollars. The interest al~'e, on tAP
public funded debt. on temporary loans
and ON the Treasury Notes, which vii
become PAYABLE in that year, Will amour.
to four millions tour h.ndl cd Thousand
dollars. The other engagements, o.
account Of the principal u the funded
debt of te nporsry loans, and OF ireasu'
ry Notes, which viii become reln;opr'
4atle in that year, amount to 7.i5o'ooo
r!nIars,, exceeding together, by more
than five millions seven hundred thou
sand dellars, the estimated amount CT
he receipts into the Treasury derived
from the revenue as now established.
This view Of the subject IS sufficient
to e1ince the necessity of a speedy and
oifectual provision for the service OF
that ard the ensuing wears. The mode
, and the extent 10 which this provision
| should BE- carried, have been heretofore
| Suggested from this department, to Con-
press, and have received the considera-
| tinn OF that body. The expenses OF ihe
peace establishment Of tnalU States &
he interest on tie public debt, including
tina, an the loans made for the prosecn-
,ipn Of the war, are beh,ed TO be tbs
| least sua that ought under any circum-
stances. to be raised within each year
| These, If the expcnces of the peace es
| tabIis~ment are taken at the sum DeCss-
sary for ME ordinary expenditure ~ the
| United States previously 10 tie add
,ional ornaments made In the year 81 2,
| with a view to an approaching state OF
var. and Including tbe interest on the
loans of the wears 1912 and 1918, and al
50 Of that which eill probably be neces.
sary in the year 1914, VIII amount, dur
ing that year, to eleven millions lour
| hundred thousand dellars, VIZ.
| The expencs of tire peace
establishment, exclusive
OF the additional force au-
| thorised by the acts pass
| ed during the year 1912,
! may be estimated at S7,ooe,ooc
| The interest Oh the
| public debt dur
ingthey year 1914
| vii be as follows
--on old funded
debt 2,loo,ooo
On per ct. stock
| of 1912, inciud-
ing temporary
| loans received IN
part Of the loan
OF IL millions,
which willreinain
! unpaid in 1914, 100000
On E rcr ct. stock
! OF 1913, l,o90,ooo
| On Treasury notes
| which will be re-
imbursable in 2s
1914 say on
5000 900 It 5 ard
& On