Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1828-12-16

olwrwisc than acceptable 10 the nation 10 learn. The
whole remaining debt that tho nation will owe on the
Ety-eght millions three hundred and sixty two thou
sand hundred and thirty five dollars 78 cents But
from this amount should be taken seven pihons of
dollars, being much o.! apparent debt only, in the
Y, States, the nation owning like sum in the stock
of the Bank. upon which dividends Gre punctually
paid. Of the sum that will remain, uumely htv one
millions three hundred and sixty two thousand one
hundred and ,irty-ivc dollars ana cents
The old revolutionary three por cents constitute more
than thrtcon millions OF dollars. Nv this exhibition
OF the state OF the debt 1t will be 10 how small
IN amount 1t has fallen undcr futhul enforcement
al t!c sinking fund act, in the space OF eleven years
IN the past effects OF this act, have the pledge of
ITS future efficacy. As each successive yeur increases
the proportion Of principal that Is pIid OIL diminishing
tiat OF interest 1t is easy IL anticipate in how short
time the nation, under the continues. action of the fund
viii be rv!oascd from all charges whltcvor on account
ot the dc1t by lis hnul cXtinguishmcnt. Assuming
lts stated appropriation vi ten millions he frerun
IN the SHINE proportion in future years il has been
tins year, the debt WILL III effect b. totally paid of in
litte more than four years.
IN evidence of the stable resources Of a country
actual and prospective, is to BE- found III the prices
which its funded debt bears IN the money market 4
financial exposition and review, like the present me-
turaiiy embraces general allusion to this point.
The stocks OF the u. States keep at an elevation
above par, indicative OF the HIGH credit Of the Govern
0lent; the more remarkable from the consideration
tuat they arc rcdccmabc nj short PERIODS and quick
ly redeemed in face, t,Ic periods arrive. The
three per cents. being those which, It is presumed
VIZ be redeemed last, circumstance known always
10 clhnHcc the value OF Stock where public confidence
attaches 10 1t, nd,GcCorn.y, the highest rate
being 4 favori,c stock abroad as well as at limo For
the last icur year, this portion of the public stock
mas hccn az price ranging III he maiH from 80 10 30:
nor as II been always 1naJle such il the demand
thr T. even ut that rate. TIN heavy fall of stocks III
trond towards the close Of 1895 affected those OF
TINS country less than might have been anticipated
from the connexions Of business between the two
countreS ald serN TO show the value OF those Of this
Government even under untoward occurrences in that
great centre Of the commercial world,
The precise umount AMI kinds OF s.cc,l of which
the pubic debt will consist the first OF January next.
with the periods ot redemption, will be seen in detail
IN the document TO. annexed to this report II is
ret deemed necessary 10 say any thing more under
this head, except barely adj that the fic millions
iGnr hurried and sixty trcc dollars and twelve cents
tlat were paid OF the first OF luiv last consist cd
OF two millions seven hundred ani orty,ir thousand
four hundred aud twenty-hrec dollars and riney-onc
the six per stock created by .he ret
gress OF the eighth oFobruary, 1918. being all that
was lct Of that s'cck; and of two millions two hum
!rci ind fifty sXthosund and thirty nine dollars and
twenty cents, of the six per cont stock created
by the act Of the 2itli of March, 1914 'Fhe four
millions hty-thoufand seven hundred md eighty dol
lars and seventyScvcn cents intended 20 be maid Mt
the coSooi the Present year, consist Of the six per cent
stock also created by the last mentioned Get but demo-
minated the loan OF the 22d August 1914; bainql in
Ike manner, all that remains unpaid OF that particular
loan.
Thc general sa.c of the Eoreen Commerce ortbc
country will next &c given. Yh;s will best make
known tho supa5 productions OF its SELL and those
other sources of its industry which constitute the
hass OF ITS foreign commerce. The mportations into
me CIi;cd States during the last t6ur wears nuloun
n value to three hundred and fifty millions two hun
dred aud two thousand four hundred and sxtv-nin,
dollars Those Tor portion Of tho present wear ar,
mere gwen b. probable estimate. rather than certain
I Fl.iF~~,
years, calculated in the same way, amour. 10 tire,
hundred and thirty-seven millions two hundred arr
two thousand four hundred and twenty six dollars
Ot tho iator ;wo hundred and thirty three millions
slTty-nInc thousand and tB;rty-ivc dollars were q
domestic produce and manufacture and one hundred
and four Dionsone hundred and thrty-three thousanc
three hundred and ninety-onc dollars were re-cx.
Portnto:s at foreign commodities. The importation,
tor the TO- yc preceding, or from 1921 to 10, .
both inciu We, mounted to three hundred and three
millions hundred and ffiy-hve thousand fiv,
huurG and thirty-nine dcliars and The expoTtatjon
to tYo hundred and eighty millions eight hur
dred and twenty thousand three hundred and fl},
dollars Cfthe latter, one hundred and nine' zone
millions three hundred and fifty thousand eioht nun
dre and eightyone dollars were q dome stc produce
and manufactures, and ninc'v-six millions ioi,r hun
Gred and slXtynnc thousand four hundred and sixty
nnr dollars, transportation Of foreign articles.
The receipts into the Treasury during the Inst c,l,
years these being always chic@y dependent lpon IL,
npcIiatlons amount to ninetyscvcn millions nInc hun.
dred ana ihty-scVen thousand five hundred ond lty
dollars and eichtv-six cents Those for tho MO
sent year are here also given, in part, by csnqtc
The estimates may deviatc from accuracy but not 10
nm extent to thwart the general conclusion, that arr
IN Wow Tho expenditures for tho same tune calcu
lated IA the Same way may bo stated Mt nine y-fve
millions five hundred and oigbty-fvo thousand five
hundred and eighteen dollars and cigtty-fve cents
Of this sum. besides what applied to tho pnhlr
DEBT, about fourteen millions viii have been expended
on Internal works, designed to improve the condition
OF the country or, otherwise. objects not belong.
int 10 the mere annual support Of Government, in lis
evil military, ond naval establishments TIC re-
crPts Tor the four ycurs that preceded V.rc eighty
four millions seven hundred ard twcnty-eigh thor-
sand and ten dollars and scvcntv-one cents and the
expenditures eghty-tircc millions niuc hundred and
saYcnty nmc thousand eight hundred and serenity
iour dollars and e"venty-nnc cents Pen nillions OF
dollars o5aiucd by loaEs included in the receipts
Of :ha four years last .nentcr"d and FIVE millions. so
ootomcd, cine into the Treasury during the first
year ofthc oibor series, yiz. in 1926 This loan OF
Eve millions procured, undor aa act ri Congress
Of BIty, 1924, nj four and half POI cent not from