The Alexandria herald. [volume] (Alexandria [Va.]) 1811-1826, 1816-10-04
WASHINGTON, Sep. so.

~
The Secretary Of the Treasury.
We have lust been informed, that
MIR. Dallas will leave this city on Tues
day the Ist of Oct next, and that ne
does lot return as secretaryiof the trea-
.ury, Ii is stated to be his intention to
resume the practice Of his profession
in the courts of Pennsylvania, and in
the Supreme Court of the United
States.
During the period of this gentle.
mans administration Of the finances,
the plans of the department, with slight
variations, have received the deioerate
sanction of congress, and have been
stamped with ,he.general appreciation
Of the nation. He may, therefore, con-
template, with an honorable pride his
official participation in the establish
ment
Of system Of internal revenue, adj
yantageous in peace, and indispen-
sable in war
OF a tariff of duties on imports
founded upon principles equally
favorable to commerce, agricui'
ture rnd manufactures
OF a national Institution, operating TO
relieve the community from the
evils of q deprecated paper mo-
ney, and to restore to the govern
me Mt its constitutional power over
the coin and currency Of the ma
sion
OF fund competent to the extin-
punishment of the national debt, in
the short period Of twelve years.
In the details Of he treasury depart
fnent (Which have been rendered, be
You'd all former experience, intricate
and perp,exing, by The necessities OF
,he war, the made quacy of the revenue
daring the war, the depression OF pub
lie credit, and the failure of the nation
al cure ncy) laborious and systematic
PERSEVERANCE has led TO the most benc-
ficiai results. AvailiDg himself oil the
auspicious influence OF peace upon the
public credit and resou, ces, the score
taiy, at the moment of surrendering
his official trust, appears TO have rea-
liked tue most sangsine Gn,iciPalions
Thus,
Z. The emt.rrassments OF the trea-
sury, owing to The disordered state OF
the currency. have been so subdued,
without the aid or CO operation OF the
state banks, that the public engage.
ments can be paid in the local curren
cy, whenever lhey become due, except
n the eastern states ; and, even there,
he measures now operating are calcu
ited TO restore the capacity TO pay III
he local currency, bsture the expiration
of,be presentyear.
Tue hoating debt, consisting OF
temporary loans obtained by the irea
surs, since the commencement OF the
late WY has been paid.
S, The floating debt, consisting oil
treasury notes OF all tho denominations
which have been issued, has been re
duced from the sum of 35,i33.794 dol
lars, the aggregate 4 the issues, TO al
es,,mated oltslapGil.y amount, not ex-
ccediuc 100000 dollars which can
not fail 70 be discharged before the
expiration Of the. present year.
q. The amount CT the funded debt
has, on the -q0e hand, been augment
ed By the operation OF funding tressu-
ry notes ard on the olher hand, II
has been reduced Dy the quarterly re-
Endorsements of the principal of the
old stock as we'll as by purchases
The aggregate amount of the public
debt, funded ard floating was stated,
on the 18th Of February. 1916. 10 sc
the sum OF l23.o3o,o92 SO
But, on the lat OF
January. 1917 Ohio
floating debt being
extinguished, and
additional reim.~
bursements Of tho
principal Of the OLD ~
stock being effect.