Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-12-04

excess, beyond the annual appropriations
i sill amount to about the SUN ct thirt
leight millions of dollars, and that cor
.Isequently, at the close of the year the'
Twill be surplus 10 the treasury oi abou
1.-THE sum of nine millions of dollars.
j The operations of the treasury con
1tinue to be obstrueted by difficulties
arising from the condition of the natioDa
icurrency ; but they have, nevertheless
Ibeen etfectual, to benifcia! extent. il
the reduction of the public debt, and tn
establishment of the public credit. 'lh,
floating debt OF treasury notes aud tenn
lporary loans, will soon be entirely dis
charged. The aggregate Of the funded
debt, composed of debts incurred Galiae
the wars of l776 and of 1912. has beer
ESTIMATED, with reference to the first ol
January next, at a sam not exceeding ore
hundred and ten millions cfdollars. The
Ordinary annual expences of the govern
ment, for the maintenance of all its insti
tutions, civil, military, and naval, havt
been estimated at a sum less than twenty
millions of dollars. And the pe,manen.
revenue to be derived from al! the exist
ling sources, has been estimated at sur.
lot about twenty FIVE millions OF I0na;s.
| Upon this general view Of tie subiec
ut is obvious, that there is only wanting.
to the fiscal prosperity of the goyernmep
1.-The restoration of an uniform medium 81;
exchange. The re >nurces and tie iai'
| OF the natio', displayed in tie syst
which Congress has estabi.hed, ensusf
respect and confidence at heme and a
lbroad- The local Accommodations Of th
revenue have already enabled the treasns
Try to meet the public engagements i.
THE local carreney of most OF tie States,
and tits expected that the sane saus,
will produce The sane saact, tllro0ghau
the Union, But for the interests OF IT,,
Iccmmanity at large as weiI az for the
purposes OF the treasury, it is essential
that the nation shcuid possess curtenc,
Iot equal value, credit aad use. waereveI.
lit may circulate. iIe constitution ba
entrusted Congress, exclusively, viii.
1.-THE power OF creating and regulating c
currency Of that description aud the
measures winch were taken during the
last session, III execution IF the poWe.
Iglve every promise OF success. The Bank
Iot the uni.ed States, has been Organ
lZcd unde- auspices the mos; favorable,
and cannot fail TO be all impol taht auAid
larry to those measures.
For more enlarged view ofthe public
finances, with view OF the meastit..
s@prsned by the treasury Department pc
.Vious TO heresi gnat!au ct tie late seclp-
'tary, transmit an extract from 81,
last report OF that officer. Congs IS, VII
perceive in it ample proofs OF tie >oIpa
Foundation on which tbs financial nlospe
rltY of the Matters rests, and " Il 90 Jus
uce 10 tie d.slii gIish d AGILITY AID ,Dc
ccs!ui exertl0ns with which the tutles
II their dela tment were executed, du-
rng period remarkable for rs Iifficul
tics and lis peculiar perpiexilies.
ihc period Of Any reii1lng from tie
public service being at little distance. il
shall Ind no ncca@Iou more proper thai
The present, for expressing 10 any fellow
citizens my deep SENSE VI the continued
conf ence and kind support which Law
received iroin them. NY grateful recoi-
lection OF these distinguished marks of
lhel. favorable regard can never cease.
and with the c0nscinusHess. thatit have
not served my country witbgfe aterability
i have served it with since devotion,
vii accompany NE as a source Of un-
failing gratlHcation.
happily, shall carry, with me from
he pubic theatre, other sources, which,
thOse who love their country most, will
pest appreciate. shat! behuld it besseu
with Tranquility and prosperity al hony
ana win peace and respect abroad. ~
can indulge the proud reflections, that the
amerean people haze reached IN safety
and success heir to tieth year as az IL
dependent nation; that, for nearly IN
entire generation, they have had expert.
eDce OF their present constitution, the
offspring OF their undisturbed dehbera |
nons and OF their Uee choice; that they
have found 1t to Dear the trials Of adverse
as well as prosperous circumstances, to
contain, III It's combination of tae fedy
rate ana elective principles. reconcile
mcnt CT pubic strcnsh with individual
liberty, OF na,lona! power for the defence
OF national tights, ..lth security against
wars OF ujasi!ce, OF ambition, or ol VAN
glory, IN the fundamental provisionI
wblch subjects all questions Of war to
the viii OF Tie cation Itself, which is to-
pay Its costs and ieel It's calamities.-i
Nor is il less peculiar felicity of this
cohstltauoa, SO GEAR to US all, that it Is /,
iouud to dc caaabie, without losing its,