The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1820-11-22

BY che discharge of so large proper.
aon -of the public debt. and the execn-
sioa Of such extensive and important op.
craSlons. in so short time, just est.
Inate may be formed of the great extent
OF our national resources. The demon
stration is the more complete and graft.
iying. when 1t is recollected that the di-
rect tax and excise were repealed soon
a,ter the termination of the late war, and
that the revenue applied to they~ purpo-
Nscs has been derived almost wholly from
other sources.
The receipts into the Treasury from
every source, to- the 30th of Sept last,
have amounted to sixteen millions seven
hundred and ninety -four thousand one
hundred and seven dollars and sixty-slx
cents; whilst the public expenditures, to
the same period, amountedsto sixteen
millions eight hundred and seventy one
thousand five hundred and thirty Jour
dollars and seventy-two cents: leaving
in the Treasury, on that day, sum es-
riinatcd at one million nine hundrcd and
fifty thousand dollars. For the proba-
bic receipts Of the following year, refer
you to the statement which will be trans.
mitted from the Treasury.
The sum of three millions of dollars,
authorized to bc raised by loan, by an
,act Of the last session of Congress, has
been obtained upon terms advantageous
so the government, Indicating net only an
decreased confidence in the faith of the
nation, but the existence of a large amount
ofcapitai seeking that mode of investment
at rate OF interest rot exceeding Ave per
centum per annum.
1t is proper to add, that there is now
due TO the Treasury, for the sale ol pub
Tic lands, twenty-five millions nine hun
,lred and ninety six thousand Ave hun
ared and forty-iivc dollars. In bringing
this subject into view, 4 consider Al my
auiy to submit TO Congress, whether it
MAY not be advisable to extend to the
purchasers of these lands, III consideration
Of the unfavorable change which has oc-
sarred siHce The sales, a reasonable iHdul-
aence. 1t is known that the purchases
were made when the price OF every arti-
ole had risen to its greatest height, and
Glat the instaiments arc becoming due at
a.period of great depression. II IS pre-
aumed that some plan may &c desised by
the wisdom OF Congress. compsuble with
the public interest, which wouid afford
great relief to these purchasers.
Considetablo progress has been made dur.
ing the preAeht season, 10 examining no
coasts and its various oays end other insts ;
in ne cuile ction OF matcriss, and IN the COO
struc,iun of fortiGca,ione for the de;eace of
che Uaion, at several Of tie posiiipBs ., which
Il has been decided 10 erect sDch wo,ks. ~
Mobile Point aud DauphiD Islands, and ., The
Rigolcs, leading TO Lake Poncbarlya'n, ma
ferials, TO considerable amouot, hasc been
collected, and all the necessary ptspstaiions
mad, for lhe comm encemept of the works -
Al Old Point Confot AT the mouth OF James
River, and at the Rip.rsp. on the opposite
shore, in the Chesapeake Bay, Gate'isls, 10 .
vas, amount havs bteo coleeedi and stihe
Od Point some progress hss beer msde ip
the cons,, uc,ioo OF the fotiifcsuon, which :.
on very extensive scale. The vo'k AZ TO ,
Washington, on this river, vii bc conpssed
rarly in the oex, spring aud thai 90 The Pee
patch, in the Dslaw {, in The course u me
next season. For Diamond, al the Narrows
In the hsrbor Of NewVofk, WI DC flashed
this year. The works a. Bayof,, New Yak,
Baltimore, Norfolk. Charleston soo N'agssa
have been io pat ,epsred; and the doasl Of
Nofh Carolina, extending south 10 cape Fees
has been exsmioed, rs have likewise other
p,r,s of the coast cas,wssd OF Bostop. G:est
caer,ions have been made TO pu.b forward
these ~osks with the u,mos, despatch posi-
Bile bur, when ,heir extent is cou'iae fed'
vnb the important purposes fos which they
are ioterded, the defence Of the whole coast,
end ia ooseeuence, Of the whole in'osiot' and
sh4, they are 10 last for sgrs, !, viii o. nsn,-
fes, ,ha, we'll digss,ed plan, founded on MI
ke - hoie h