Alexandria gazette & advertiser. [volume] (Alexandria [D.C.]) 1822-1824, 1824-12-09

8 one OF :be parties TO those wars and from,
T whom we received those injuries, we
sougb redress by.war. From the other,
| by whose then reigning government our
/ vessels were seized IN port az well as at
sea, and their cargoes conhscated, indem.
Unity has been expected, but has not yet,
| been rendered II was under the lDfu
ence of the latter, that our vessels were
likewise seized by the governments OF
| Span, Holland, Denmark, Sweden, and
! Naples, and from whom indemnity has
| been claimed and is still expected, with
| the exception of Spain by whom il has
{ been rendered With both parties we
had abundant csuse OF war, but we had no
alternative but to resist that which was
/! most powerful at sea. and pressed us near
est at home With this, all differences
! were settled By treaty founded on con.
ditions fair and honorable to both, and
! which has been so far executed with per-
/ feet good faith, 1t has been earnestly
!, hoped that the other would, Of its own ac-
/ cord. and from a sentiment OF justice and
Cancellation, make to our citizens the IN.
/ demnity to which they are entitled, and
! thereby remove from our relations any
! ust cause Of discomfort on our side.
! II is estimated that the receipts into the
! Treasury during the current year, exciu'
sive of loans, will exceed eighteen millions
. FIVE hundred thousand dollars, which with
the sum remaining 10 the Treasury, al the
! end OF the last year, amounting 10 niue
| millions four hundred sixty >,hree thuu-and
/ nine hundred twenty-five dollars and
eigh,y-one cents, will, after discharging
the current disbursements of the year, the
interest on the public debt, and upwards
; of eleven millions five hundred thousand
dollars OF the principal leave balance OF
more than three million dollars in the
/ Treasury on The first day of January next.
A larger amount of the debt contracted
during the late war. bearing an interest
! of six per cent, becoming redeemable in
the course OF the ensuing year, than coHld
f, be discharged by the ordinary revenue,
the act OF the twenty sixth OF May, au-
! thurized loan of FIVE millions of dollars
! at four and halt per cent TO meet the
same. BY this arrangement an annual
. saving will accrue 10 the public Of $4,000
! dollars.
Under the act OF the Gath of May last,
. loan of FIVE millions dollars, was author
ised ~ order 10 meet the awards, under
the Florida Treaty, which was negotiated
at par, with the Bank Of the United States
at tour and half per cent. the limit of in.
ierest fixed by the act. BY this provision
! the claims of our citizens who had sus-
tanned so great loss by spol,ations, and
from whom indemnify had been so long
withheld, were promptly paid. FoI these
advances the public will be amply repaid,
al no distant day. by the sale of the lands
in Florida. Of the great advantages re-
sulting from the acquisition of the territory
in other respects, too high an estimate can.
not be formed.
1t is estimated that the receipts into the
| Treasury. during the year one thousand
eight hundred and twenty FIVE, will be sut-
! 6cieHt to meet the disbursement Of the
/ year, including the sum of ten millions of
| dollars, which is annually appropriated by
the act. constituting the Sinking Fund, TO
the payment OF the principal and interest
OF the public debt
The whole amount OF the public debt on
the hrsi ofJanuary next, may be estimated
| at eighty-six millions OF dollars, inclusive
! OF two millions five hundred thousand dol
lars OF the loan authorised by the act of
the twenty sixth OF May last. la this es-
timate is included stock OF seven million
; dollars issued Tor The purchase OF that a.
mount OF the capital stock Of the Bank OF
( the United States, and which. as the stock
of the Bank, still held by The GoverDmen,
i will at least be fully equal tots reimburse
meat, ought not 10 be considered as con-
I sf.F, ~ aahf Eaft-
mating then, the whole amount ofthe pub
lie debt al seventy nine millions dollars,
and regarding the annual receipts and ex-
pendiure. of the Government, we'll
founded hope may be entertained, that,
should no unexpected event occur, the
whole public debt may be discharged in
the course of ten years, and the Govern
meni be lett at !beriyaibereatter, to apply
such portion OF the revenue as may mol be
necessary Tor current expenses, to such o.
Their objects as may be most conducive TO
the public security and welfare. That
the sum applicable TO these objects, will
be very considerable, may be fairly con-
cluded, when il is recolected, that a
large amount of public revenue has been
applied since the late war, to the con-
siruction Of the public buildings in this
city; to the erection of Notifications along
the coast, and of arsensis in different
parts OF the Union: 10 the augmenta.
ton of the navy, 10 the exiinguishment OF
! the Indian title 10 large tracts Of fertile
territory; to the acquisition OF Florida; to
pensions to revolutionary officers and sol.
diers, and 10 invalids oil the late war. On
many OF these objects the expense will an
nually diminish, and cease at no distant
period on most OF all On the Isl of JAN,