The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1824-12-16

10 per cent. 20 meet The same. BY his
arrangement, an annual ssving will see'oei 10
the public, OF 600 doilafs-
Under the sct OF The 24.h Mey last, ioso
Of S5, ,ooo, 900, was sGihcriZsd, IN o'tes 10
meet the swards under the Florida uesy.
which was nego,is,ed Of par wish the Bank Of
the United States al : ! 2 per cent. tue limis
cf interest fixed BY the act. BY his proyi.
sion, the CLAIMS OF oot ei,izens, who he'd sus'
tsined 20 great loss by spolis.ions, end Iion
whom indemnify had been 30 long WITHHELD
were promptly paid For these advsncesr
the public will be amply repaid at TO dis,snt
day, by the sale Of the lands in Florida. OF
the great sdvan,sge resulting from The sc3ui-
sition Of the Territory N Other respects, TOO
high an estimate esnno, be los med.
IL is esimsIed that the receipts into fbs
Tfessosy, du'ing the yea 1925, will be suaic-
len to meet Tho dsbj'semsn's Of tho year In"
ciudiog the sum oil s 10 COO 900, which is an-
nusijy ppropristed oy The act cons tiiuring iho
Sinking Fund, for the payment Of the ptinci-
pal and inter est Of the public debt.
The whole amount OF the pubic debI on the
6r., day o. January nex', may be estimated ss
Ss6, 900 600, inclusive Of 82,5oo,ooo Of ihs
loan suihorizsd by the act OF The 26lh May
la.r. In his estimate is included stock OK
81 600, 900, issued for the Puf chase Of hat a.
noun, Of tho capital STOCK OF he United States
Bank and whieh,as the stock Of which still held
by The COVE rmeni, will at ieas, be fully equal
10 its reimbui Sc sements, ough' not 10 be con-
sidered 60 constituting part Of tho public
debt. EstimstIng, then, the whole amount OF
the public debt Of S79 900 900, and regarding
,he annual receipts and expenditures of the
government, we'll. founded hopo may be ca
IertaIned, tha, should no unexpected eveBr
occur, the whole public debt, mey be dischsrg-
ed 10 the course Of ten years, and The govern
mem be left o. liberty theresiier 10 apply such
portion OF revenue as may not be necessary
for current expenses, TO such Other objects es
may be mos, conducive 10 the public security
and welfare. That the sums applicable TO
these objects will be very considerable, may
be fatty concluded, when il is iecoliected,
that isSge smoun, Of the public revenue has
been applied, since The late war, to the con-
s,Iuc,ion Of tho public buildings 10 this cliy,,o
The erection OF fonliicaIions along The Coasts
and Of arseDals in diffe' en-, parts OF the Union:
TO the augmentation Of the Navy to the ex-
tinRulshmenr of the Indian title TO large tracts
OF ier,iIe terfito'y 10 the acquisition OF Flor
ida 10 pensions TO Revolutionary officers and
soldiers end TO invalids Of the late war. On
many OF these objects, the expense will anna.
slly be diminished, and cease ct nc distant Pc
Rod on most Cf them. On the h's, day or
January, 1917, the public debt amounted TO
Sl2349l o65 l6 and Notwithstanding tho
large sums which have been applied TO 'hess
objects, il has been reduced, since then, SS7,.
446,96l 70 The las, portion Of the public
deb, will be redeemable on the h'st OF Janua-
~, 1885, and while there is the best teasou
TO believe tina. the resources of tho govetn-
men, will be continually adequate 10 such
portions Of j, as may become due, in the In
,erval, 1t Is Iecomm ended 10 Congress to seizo
every opportunity which may present hself, 10
,eduee the rate OF 'n,eres, on every part ,here-
f. The high state u the public credit, aad
'he great abundance OF moasy, ere al this tiDo
We y favorsb's 10 such o resoh. II must be
H'y gratifying to our fellow citizens, TO wit.
cess this Aourishing s,ste OF the pubic &Daa-
ces, when II is Iecoilected that no bu,cen
wha,eyei has been imposed upon Them.
The Military establishment, IN atlits branch
es, in the pei fo,msnee Of tho various du,ies
assigned &c. .eech, jus,iies the fayofsble view
which was presented OF the efficiency oii,s or
ganiza,ion, a, the las, session. All,he sppro-
pris,ions have been seguiarly applied TO ,ha
objects intended by congress; and, SO far as
the disbursements have been made, the ec-
counts have been rendered and seltled, with
out loss 10 tho public. The condition Of the
army i,sslfss relates 10 the ,!liccrs and men,
in science end discipline, is highly respectable.
The Military Academy, on which the amy
essentially rests, snd TO which il is much in.
debled for this state Of improvement, has at
tsined, in comparison with sry other ins,itu-
ton Of the like kind, high degree Of psrfec-
tion. Experience, however, hes shown, tho.
tho dispersed condition Of the Corps Of h,,il-
lery 10 uafavorsb!e TO The discipline Of that im-
po,ant branch Of the Military establishment.
To remedy This Inconvenience, eleven COM
psnies have been assembled at the forti6ca.
lions erected OF Old Point Comfort, az school
for artillery instruction with intention, IS
they shall be perfected in the various duties
Of that service, to order them to their posis,
and TO supply their places with Other cOmpan.
les, for the instruction in iik<msunef In
this mode . complete knowledge Of the sei-