Elizabeth-Town gazette. [volume] (Elizabeth-Town, N.J.) 1818-1821, 1820-11-21

1
dollars. II to this su0i be added ths
amount of five per cent stock subscribed
10 the Bank OF the United States, the
amount Of the Mississippi stock, and 0
the stock which was issued subsequently
TO that date, the balances ascertaiued L
be due to certain states, for military ser
vices, aud to individuals, for supple!
furnished, aud services rendered, during
the late war, The public debt may be es
timated as amounting, at that date, aud Al
afterwards liquidated, to one hundred ant
fifty eight millions seven hundred ant
thirteen thousand forty.nine dollars. On
| the 30lh Of September, 1920, IL amount.
ed TO niDeiy.oDe millions nine hundred aad
Ininety-three thousand eight hundred aud
eighty-three dollars, having been reduced
ia that interval, by payments, sixty-six
millions eight hundred and, seventy-nins
Thousand one hundred and sixty-tive dol,
lars. During this term, the expenses oil
the government OF the United States were
likewise betrayed, in every b.aHesisse ;ilss.
civil, military, and naval establishments ;
the public edifices 10 this city have been
rebuilt, with considerable additions; ex-
tensiye Notifications have been common
ced, and are in train of.execuiion; per-
mauent arsenals and magazines have been
erected ia various parts OF the Union; our
navy has been considerably augmented,
and the ordinance, munitions Of war, and
stores, of the army and ravy, which were
mnch exhausted duriag the war, have been
replenished.
By the discharge of SO large proper
ton Of the public debt, and the execution
OF such extensive and important opera
iiops, in so short time, just estimate
may be formed of the great extent OF our
natioual resources. The dc moBsiration
is the more complete aud gratifying, when
it is recoilecied that the direct tax aud
excise were repealed soon after the termi-
nation Of the late war, and that the reve-
nue. applied TO these purposes has been
derived almost wholly from other sources.
The receipts into the Treasury, from
every source, 10 The 30ih of Sept. las,
have amounted TO sixteen millions seven
hundred and ninety, four thousand one
hundred and seven dollars aud sixty.six
cents whilst the public expenditures, 10
the same period, amounted 10 sixteen
millions eight hundred and seventy zone
five hundred aud thirty -four
dollars aud seveuty-fwo cents: leaving IN
he Treasury, on that day, a sum esti.
mated at one million nine hundred and
fifty thousand dollars. For the probable
receipts of the following year, / refer you
10 the statement which will be transmit
led from the Treasury.
The sum of three millions OF dollars,
authorised TO be raised by loan, by an acl
Of the last session Of Congress, has been
obtained upon terms advantageous TO the
indicating not only an in-
creased confidence in the faith Of the IA
ton, but the existence of large amount
Of capital seeking tina! mode Of invest
ment, at rate OF interest not exceeding
five per centum per annum.
Ii is proper to add, that there is now
due to the Treasury, for the sale of pub
lie lands, twenty-five millions nine hun
dred and ninety-six thousand five hun
dred and forty.five dollars. In bringing
this subject to view, consider it my du
ty 10 submit TO Congress, whether it may
not be advisable to extend to the purcha
sers Of these lands, in consideration OF the
unfayorable change which has occurred
since the sales, a reasonable indulgence.
1t is known that the purchases we're made
when the price of every article had risen.
to its greatest height, and that the install
ments are becoming due at period OF
great depression. 1t is presumed that
some plan may be devised, BY the wisdom
Of Congress, compatible with the public,
interest, which would afford great relief
TO these purchasers.
Considerable progress has been made,
during the present season, 10 examining
the coast aud its various bays, and other
inlels in the collection Of materials, and
in the construction OF Notifications for the
defence Of the union, at several OF the po-
sitions at which it has beea decided to e.
rect such works. AT Mobile Point and
Daupbin Island, and at the Rigolets lead
ing to Lake Ponchartrain, materials, to a
considerable amount, have been collected,
and all the necessary preparations made
for the commencement Of the works. At
Old Point Comfort, at the mouth oil James
River, and at the Rip-rap, on the opposite
shore, in the Chesapeake Bay, materials
10 vast amount have been collected aud
at the Old Point some progress has been
made IN the construction Of the fortifica-
ton, which is on very extensive scale.
The work at Fort Washington, on this
river, will be completed early in the next
spring and that on the Pea Patch 10 the
Delaware, in the course OF the next sea
son. Fort Diamond at the Narrogs, in
The barbor of New York, will be fi0ished
this year. The works at Boston, New.
| York, Baltimore. Norfolk. Charleston and