American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1824-12-10

Hua l.
dred thousand dollars of the loan au,bo,;1 "uh'
act oil the twenty sixth Of May last In ,L;s VIC
mate is included stock OF seven million aa,,. e'
sued Tor The purchase Of that amount of ,hs 80 -
stock OF the Bank of the United States and ,.p
as the stock OF the Bank, still held hv tho
ment, will at least be fully equal TO it,
ment, ought not to be considered az cons,;,',. &C.
part OF the public debt. Estimating then ,hs .'a
amount oil the public debt at seventy nine r,;,r
dollars and regarding the annual recein,s .nd WI
pendtures OF the Government, a well founded bon'
may be entertained, that, should no unexn.ors
event occur the whole public debt NAV be dscI".
seu III tue course OF ten years, and the Goyernmen,
be le at liberty thereafter, to apply such nor,ion ~
the revenue as may not be necessary for curren, ..
penses, to such other objects as may be mo,, ~
ducse to the public security and welfare. Tia, ,h'
sum applicable to these objects, will be yerv con
siderable, may be fairly concluded when il s rero,
liected, that large amount of the public revsrn.
has been applied since the late war 10 the cons,,ns
non oil the public buildings in this city TO the er,c
ion OF iorhcations along the coast, and of arsenal,
IN different parts OF the Union to the amp men,.;oa
oil The navy 10 the extinguishment of the lndisn,i
TO large tracts oil fertile territory to the aco,s,;as
oil Florida to pensions to revolutionary officer. AMI
soldiers, and to invaids OF the late war On mann
OF these objects the expense will annually h. a
rnlhished, aud cease at no distant period on most of
them. On the hrst oil January, one thousand eipb
hundred and seventeen, the public debt amounted
to one hundred and twenty three million four HIM.
bred and ninety one thousand nine hundred and six
| ty-hve dollars and sixteen cents and notwi,hs,and
ing the large sums which have been applied to rb.,.
objects, II has been reduced since that period hirlv
seven million four hundred and forty six Thousand
nine hundred and sixty dollars and seventy eight
cents. The last portion of the public debt will h.
redeemabIe on the first Of January, one thousand
eight hundred and thirty FIVE and while there is the
best reason to believe that the resources Of the Gov
eminent will be continually adequate TO such DOR
tons OF il as may become due in the interval il is
recommended to Congress to seize every oppor,u.
NIFTY which may present ITSELF to reduce the rate Of
interest on every part thereof The high state Of
the public credit, and the great abundance Of money
are at this time very favorable to such result h
must be very gratifying to our ieow-citizens, 10
witness this nourishing state OF the public finances.
when 1t is recollected that bur,hen whatever has
been imposed upon them.
The Military Establishment, in all its branches,
in the performance Of the various duties assigned to
each, Iusliies the favorable view which was pre-.
sehted oil the efficiency Of is organization, al The
last session. All the appropriations have been re-
guiary applied 10 the objects intended by Congress
and, SO lar as the disbursements have been made,
the accounts have been rendered and settled with.
out loss TO the public. The condition of the army,
ITSELF as relates to The officers and men, in science
and discipline, is highly respectable The Military
Academy, on which the Army essentially rests, and
TO which II Is much indebted, for this state of i'm
Provement has attained, in comparison with any
other institution, OF like kind, high degree Of
perfection. Experience, however, has shown that
The dispersed condition of the corps of Artillery is
nQlapOTaDIe Dlina of hr.nc
OF the Military Establishment. To remedy this
inconvenience, eleven companies have been assem-.
oied al the Fertilization erected at Old Point Com
tort, as school tor Artillery instruction, with in.
IGNITION, as they shall be perfected in the various d.
es oil that service, to order them to other posts,
and to supply their places with other companies, for (
instruction in like manner. In this mode, a com
plete knowledge Of the science and duties Of this [
arm, will be extended throughout the whole corps /
81 artillery But, to carry this object fully into tt /
ect, will require the aid OF Congress; TO obtain |
which, the SUBJECT is now submitted TO your con /
alteration.
OF the progress which has been made in the cen
'iruciion OF Fortifications, for the permanent de-
snce OF our maritime frontier, according to the
oian decided on, and TO the extent OF The existing
appropriations the Report Of the Secretary oil War
Which is herewith communicated, will give detail
"a account. Their final completion cannot fail TO
give great additional security that frontier, andlO
finnish, proportionably, the expense Of defending
I in the event of war.
he provisions in the several acts Of Congress
u The last session. for the improvement OF The naS
,aion of the Mississippi and the Ohio, OF the har
'or OF Presqu'ise, on Lake Erie, and The repair II
he Plymouth Beach are in a course OF regular e"
cution and there is reason 10 believe, that the APP
'ropratlon, in each instance will be adequate 10 Inc
n full
fleet, the superintendent of them has been assign q
d to officers OF the Corps of Engineers.
Under the act of 3oth April last, authorizing The
resident to cause survey to be made, with the
ecessary plans and estimates, OF such roads and
annals, as he might deem Of national impoitsnce,n
commercial or military point of view, or for The
Of the mail, Board has been inslu'