Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-12-13

by wise management oil IT'S AFFAIRS, mas
In conclusion, the mode OF its agency In Tarse
payments of the principal of the debt, IS MOI 10
be overlooked. BY its arrangements LOT 'hsNh'
il avoids the inc convenience OF too great an az
cumulation Of money lin the vaults OF dePosHe
need nv The Government, and Of the vacuum
that would succeed to its sudden distributor:
|, does this by anticipating, as the PERIODS oil
,aymrnt approach, the disbursement OF CON
siderable portion of The stock in the form Of DIS
counts in favor Of those who are to be paid on
thereby enabling them otherwise 10 employ
their capital as opportunities may offer before
hand In tnis manner heavy payments o' '"e
deb, are, in effect, made gradually. instead oil
the whole mass being thrown at once upon 'he
money market, which might produce injurious
shocks. So prudently in this and other respects
does The Bank aid the operation oil paying OH
the debt, that the community hardly has a con-
seriousness that il is going on.
An &C, Of Congress was passed on the z4'n
of last May, directing The Secre'arv OF the
Treasury 10 subscribe in the name and Tor the
use OF the United Sia'es, for zen thousand shares
of Co ptal stock Of The Chesapeake Ohio "a
nal Company, an enterprise designed TO open
The shores, outlet between the waters Of tue
Ohio and the Atlantic Ocean. lhis duiy mas
been performed, and il is satisfactory to De anic
10 state that the national work which II is de :
signed to advance, work distinguished ifo"'
kindred enterprises TO which Congress mas n're'
,ofore lent its powerful aid, by It's connr1ion
with the national metropolis, has been COM
menccd A considerable portion OF the li"e
of the canal is in process OF excavation, ana
under citcums anCes thai promise wen to"
ards the successful prosecution OF the "ho'e
work. In its completion large and enriching
F.. r do in
on. diffusing It's commercial and fiscal benefits
to other paris, and much of II conc entrating IN
district under the peculiar and exclusive care
of Congress, cannot but be witnessed
The retrospect intended is here closed. II
looked to but TWO things, first, condensed
statement Of the leading facts belonging to The
history Of the Department al the termination
of one Of those periods Of time into watch the
constitution has divided the movements oil the
Governments; and, secondly, 20 general refer
ence 70 The principles Of pubic policy which
have guarded The present Incumbent III the per
formance of its leading duties. SO deeply do
the finances Of Sta,e always enter mo the
estimate offs prosperity, often OF It's very e1-
is,ence, ,ha, he has al no time felt himself at
liberty TO take restricted view Of he law cons
mandine him TO make an annual report 10 Con
orr ss."on tbs subject Of finance" but puts hm-
self upon the indulgence Of that body Tor hav-
mo coupled with this annual performance Of
his duty, principles & recommenda'io (which
he believes eventually calculated, in the Ian.
euape of that law, TO improve aud increase the
finances Of the Union
The Repor, will now proceed to state the
receipts and expenditures Il the pass and pre-
sent yea,s, as far as ascertaiasd, and =" o.,
"a ne actual receipts from all sources during
the yeor 1927, amounted Gas will be seen in Do.
cument No q 10 twenty two millions nine hun
dred and sixty-six Thousand three hundred and
sixty. three dollars and niuety,six cents, which
with the balance in the Treasury on the frs
Of January Of that year, Of six millions three
hundred and hfty>eiphi thousand six hundred
and eightv-six dollars and eighteen cents, gives
an aggregate of twenty nine millions three hum
dred and twenty five thousand and fly dollars
and fourteen cents. Of the sum received as a.
bo,e, during 1897, the Customs yielded up
wards OF nineteen millions and hsif aid the
sales Of public lands nearly one million and
a half. The expenditures Of the Uni ed States
for the same yer, amounted 10 twenty two
millions six hundred an fifty six thousand Sc
ven hundred and sixty-iours dollars aud four
cents. The same dncum. n, will supply a spe.
cihca,ion Of the particulars, and show balance
in The Treasury on the FIST OF January, 1928.
Of six millions six huadred & sixty.tight thou
sand two hundred and eighty six dollars and
ten cents.
The actual receipts during the three frs,
quarters Of 1928, (documen, No. S. are sup
posed to have amounted TO eighteen millions
six hundred and thirty>thsee thousand FIVE hun.
dred and eighty dollars and twenty Sc, en- cents:
and those OF the fourth quarter il is supposed
will amoun to Ave millions four hundred anu
,ixly-one thousand two hundred aud eighty
three dollars and forty Cents, making the total
receipts for 1928, twtn'y-!our millions and nine.
ty-four thousand eight hundred and SIX three
dollars and sky seven GEMS; which aided to
the balance in the Treasury on tht first Of Jan
uary, as above stated gives an aggregate OF lhir>
ty millions seven hundred and sixty-lhlee thou.
sand one hundred aud forty niue dollars and
seven,y-seten cents. The expenditures of the
three 6cs, quarters Of The year, (same docu-
mentO are supposed 10 have amounted to eIgh-
teen millions Two hundred and forty-four thou
sand Dine hundred add seven dollars and nine
tv-one cents aud thnse II rho co,,,L