Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-12-12

cents, thai were PAID OH OH '"s
consi .ted Of two millions seven 'u"u'e" ""u
for,y-iour thousand tour hunareu anu w.!
three dollars and ninety one eeh'S y, VIZ
ner cent. stock created by the act oil Congress
Of the eighth OF February, 1915 oeinh q" ."as
was Irfi Of ,ba, stock: and Of Two millions two
hundred and fftv,six thousand ,hir,y-nine
dollars and twen,y-one cents, OF the SIX pei
cent. stock created by the act OF the 24'h OF
March, 1914. The four millions hlty thousand
seven hundred and eighty dollars ard seventy
seven cents, intended 10 be paid al Inc close "'
the present year, consist OF the SIX per cent
stock also created by the last mentiohto aei'
but dehominated the loan oil the ga OIL '\us
1914: being. in like manner, all that rernaihs
unpaid Of that particular loan
| The general state of the Forrign Commerce
Of the country will next be given. MS VIII. !.
best make known the surplus Piooucliohs OF
its soil, and those other sources oil IT'S industry
which constitute the basis Of is foreign com
MERGE The lamentations into the Cnled
States, during the last lour " airs, amount, IN
| value. to three hundred and 6f y millions tw'
hundred and two thousand four hundred and.
sixty nine dollars. Those for portion oil the
present year, are here given by probable esti-
male rather than certain knowledge. he ex'
| por,a,ions for The same four years, calculated
! in the same way, amount 10 three hundred and
| thjr,y-seyeu millions two hundred and two
thousand four hundred and twenty-si dollars
| or the latter, Two hundred and thirty-three
millions six,y-nine thousand and thlr'y-hVe
| dollars, were Of domestic produce and manu-
| fac ture, and one hundred aud four millions one
hundred and thirly>three thousand three hun-
dred and ninety-one dollars, were re-exPorta>
tons Of foreign commodities The imPorta-
lions for the four years preceding, or from 1921
to 1924, bo,h inclusive, amounted 20 three hun.
| dred and three millions nine hundred and nifty
| five thousand FIVE hundred and thirty nine dol
lars: and the expectations 70 Two hundred and
eighty seven millions eight hundred and twenty
thousand three hundred and fifty dollars. OF
the latter. one hundred and ninety mil
lions three hundred and fifty thousand eight
hundred and eigh,y-one dollars, were OF do
| nestle produce and manufactures, and ninety
six millions four hundred and sixty nine thous'
and four hundred and sixty-nine dollars, re-
| expectation Of foreign articles.
The receipts into the Treasury during the
las, four years, these being always chiefly de-
pendent upon the imEortations, amount To nine
| y-seven millions nine hundred and fifty seven
thousand FIVE hundred and ffiy-pine dollars and
eiyhty-six cents. Those for the present year
are here also given, in part, by estimate. lhe
estimates may deviate from accuracy; but not
to an extent 10 th~art the general conclusions
tina, are in view. The expenditures tor the
same time, calculated in the same way, may be
stated a, ninetv>fve millions five hundred and
eighty-Gve thousand five hundred and eighteen
dollars and eishly-tiye cents. Ot this sum, be-
sides what was applied to the public debI, about
fourteen millions will have been expended Oh
internal works, designed 20 improve the condi-
lion Of The country, or, otherwise, On objects
not belonging 10 the mere annual support OF
Government, IN its civil, military, and naval es-
Establishments. The receipts for the four years
tina, preceded, wee eighty four millions seven
hundred and lwe"ty-eight thousand and ten
dollars and sew nty lone cents; and the expendi-
lures eighty-three millions nine hundred and
seventy nine thousand eight hundred and Sc,
venty four dollars aud seventy-nine cehs.-
Ten millions of dollars obtained by loans, are
included in the receipts Of the four years las,
mentiont d; anu five millions, so obtained, came
INFO the Treasury during the FIRST year OF the
other series, viz. in 1925. This loan OF hive
millions WAS procured, under an act of Con.
gress If Nav, 1924, al four and half per cent.
not from any DIFF rpncy Of revenue, but for the
purpose Of paying off an equal amount OF the
pubic debi at six per cent. l: explains wha'
was said Of the payment that was made on ac>
count of the debt in 1925, not having all been
from surplu, revenue The loans, amountln E
to ten millions. embraced in the frs series oil
four years, We're OBJ aimed with view ('xclu-
81 Of the sum applied TO the purchase OF tlo'
Tida) TO similar changes in the debt. 1t has
been the policy Of the Treasury d. Partmen' 10
recommend. from time 20 time, these changes
Of sock from a high, to stock bearing lower
rate Of lneres,; i, appearing to be unjust to NE
nation, that, under an entire alteration OF cir
cumsiances since the time when ii may have
borrowed money, it should continue 10 pay
more in The shape Of Interest than individuals
pay, the credit Of the nation lranscending thai
Of individuals as much as do its resources.-
This remark necessarily implies the right, or
the part of the Government, so to change IT.
stock, from the time of redemption having ar.
rived, 10 that which bears a high interest, ano
which may, therefore, without objection, bt
paid off by a new loan Obtained al reduced
interest.
Deducing the amount Of receipts from these
beneficial loans during the two periods review
l.I 49, nF raN