American watchman and Delaware advertiser. [volume] (Wilmington, Del.) 1822-1828, 1825-01-11

'"e oaa", 10 ner cent. premium, and forming AM
,remium of 0.97 per cent. on the whole
a,,onnt offered. The proposal OF the BANK was
Tor The whole sum, at par. Ahhougn me ihu''iau
nans IRE appaIently, more favorable than THAT
h.nl vet. taking into consideration that the
as,nent Is the proprietor OF one fifth OF the cap
H., sc the hank, and that portion OF the means OIL
m hank. equal 10 the amount OF the loan, would
8a,h.rwse have been unemployed ; the offer OF the
8hank at par was decidedly the most advantageous 10
,hs Government being equal to an individual offer
/ of ga per cent. premium. !
1 That during the progress OF the reoemptoh OF
The public debt, considerable amount may oe APP
.l;.5 nv iudicious management OF the public rev.
Pa ,oother than the ordinary objects OF expendi-
80 "a annarent; as well from a retrospect OF
M, has heen done, in the last eight years, as by
ri. compsrson between the probable teceiPts anu
!4expend,ures in subsequent years
Far ,he eight years, commenting on the LIST oil
4 yannarv. 1917, the total means OF the treasury
including balance on hand, ON lhat Gay, OF ~
i 02s 5l9,i9, and the sum OF lo,ooo'I4f since
i derived from loans, may be estimated al
ue'i'eA S2l0,e75,899 IL
md ,be total expenditure, at 205,769.230 20
OF this amount nearly one hall
4 will have been applied to the pay
q ment Of The principal and interest c-o o.
III OF the public debt, VIZ. ioi'oo',9oo "
r,a sne pay , ymu"' s 4.8el 1868 Sc
To the pensioners Of the Revolution 94oo,ooo 10
To the erection Of Fortihcatons 4,2oo'ooo W
To the increase of the Navy o,ooO,ooo w
Aud, 10 the payment OF demands
arising out of the late war, not less
,han 100000 90
Leaving, for all other objects OF ex-
II pendiure, including the civil list,
intercourse with foreign nations,
n army and navy pensions, armlng
* the militia, building OF light houses,
n extinction OF Indian titles and SUR
81 yeying Of public lands, &C. &c, sc. 75,4o0,Ooo w
u Which sum- divided among the
III eight years, is about 9,4So,ooo "
M per aDnum
III twill be perceived that excluding the loans, the
annual average of receipts in those years, may oe
III estimated at 81, 100000 90; and, upon the data
# already shewn, the annual revenue, in subsequent
# years, may also be estimated at u ,50o,ooO w
Should no important change be made IN the exisune
"a national establishments the ordinary annual expen
I'd dures exclusive Of what may be required Tor the
erection Of Notifications, and the increase OF th'
~ navy. may be estimated at abou, 18,5O0,O0O %
u Thus after providing for the annual demands TO-
# the payment Of the principal and interest OF ths
@ public debt and for all the ordinary expenses OF the
Governments there will remain, tor the next clever
III years an annual surplus of about 3,O0O,uoO: whicf
8 alter The extinction Of The debt in The year 1859
IN will receive an annual addition Of the lOoo0,Oot
81 row appropriated 10 the public debt: which sur
pusses may be applied such objects, conducive 't
81 the common defence and general welfare OF th'
IL ration as may be within the constitutional powers
"a Of Congress, and as they, in their wisdom, may
III deem proper.
s# All which is respectfully submitted.
# WIN. II. CRAWFORD.
3 Treasury DEPARTMENT.,
8 december 81. 1924.