Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-12-21
o 1l3,479 OF

Interest, say l,o85,Osa &c
33I3,o47 Cd
In 1870 the payment Of Prin-
1G bsI.., cav 4' as5 s95 50
5,72o,94a SO
The inconvenience to which the Treasury will be
exposed by this cause may be avert"d by redecmlng
the stock subscribed 10 the Bank of the United
Suites, and authorizing the Commissioners of the
Sinking Fund to purchase the three per cants when
IN their opinion, the terms OIL which such purchase
can be made, will render rs favorable to the Uni
ted States as the payment of other stocks then re
decmabe. This stock is now quoted in the market
at about 975. An unlimited authority TO redeem It.
would doubt somewhat enhance the price but this
effect would, IN great degree, be counieracted by
the option 10 redeem other stocks. II however the
revenue cam in the opinion of Con. ress be more adj
vantogcously reduced otherwise disposed of when
the other stocks shall be redeemed the payment of
The three per cents may be postponed, subject TO the
operation of small sinking fund TO be- applied. cnnd-
tionaily, viz when the stock be bong Int at rea
sonIble price, to be fixed by law In such case it
will be necessary to the full employment of the orc
sent Sinking Flu ID. to give the Commissioners power
to purchase the five anu four and halt per cei,ts at
their market price.
III. Ofute Estimates Of the Public Terenue and Err
Penditures for me ue,tr 1890
The amount OF duties on imports and tonnage which
accrued from the lst of January the 30th Scpem-
Der, 1928, ID estimated AT S2i ,82l 800, being
S2,62I 900, less than that which accrued in
responding period Of the preceding year. This def
cheney has arisen almost entirely in the list Quarter
the present year, and probably caused by the
tenslve importations which had been made in the
early part of o28 in anticipation of the increased du
ties. In the 2d and Sd quarters OF the year. howe
yer, the mporrations have augmented, that ac
crung duties secured in those quarters are but $40
300less than those secured in the 2nd and 3rd quar-
tiers OF the preceding year This improvement still
continues. and there to believe that tho du-
ties accrung in the 4th quarter will nearly equal those
Of the 18th quarter of last year IL is worthy OF re
mark that the accruing ofhe three first quar-
tiers of the year 1929. though much below that OF
1923 is only e7O2 200 less than that Of the same peri
cd ofthe year 1897
The dcbcnIres issued during the three first quar-
ters of 1929, 3,059 600 %, which exceeds TN,
amount issued during the corresponding period of tho
year 1923. by 96,415 10.
The amount Of debenturcs outstanding on the 30,h
of September last. and chargeable upon the revenue
Of $50, Sill 1876, exceeding. by sos, 9gl the
amount chargcablc on the same day in 1929, on tho
revenue Of 1929
The value of domestic articles, exported from the
United States for the year ending on the 3Oth Of Sen
tcmber last is estimated at 800 900, being 5I30
33l moro than The vua of those exported during the
same period, In ,ac feeding year
The amount ~ Custom House bonds r suit on the
3oth September fast, was 1881 ia 20, being
S1967,435 IS more tlun the saline day in the pre-
cedng year. II may be observed d, that the great in
Of this item, for several years past has ariser
from tie heavy failures in The China trade; in which
series of bonds falling due from tho same houses com
mence in one year. and terminate in another.
From view Of all these facts and considerations
the receipt for the ycor $780, estimated o.
r3,14o,0O0 dollars
Viz
Customs 22OoOOoO
Lands 100000
Bank Dividends 100000
incIdcnial receipts, includng
9TTcars Of internal duties,
direct tax, and canal tolls 10000
To which is To be added the
balance esimatedto be in
the Treasury on the LIST
Of January, 1880 4,il0,O7I %
Making an aggregate Of 2025oO71 6s
The expenditures for 1880, arc esti-
mated Mt oJ,7J5.5o6 g.
Viz:
Civil, Diplomatic, and Mis-
cclancous 2,I73.2Q5 62
Military service, including
Publications, ordnance,
lndInn 9faits, pensions,
arming the militia, and
internal Improvements 5,525,t09 %
Naval service, Including
the gradual improve
fncnt Vt the Navy 12571I1 10
Public Debt n 100000 90
Which viii leave an estimated balance
IN the Treasury, on the first OF Janu-
1891, Of 4,fgI 5i5 OF
If he foregoing estimate Of tho revenue and cx
penditure be correct, the sum at the disposal of
tho Commissioners ut the Sinking Fund.- for the
year $50, will b. 81 300 600. and when the in
crease of populations consihefed may probably be
safely computed ut $40 100000 for the four succcc-
ding years. This sum win complete tho payment
'of the whole Public Debt, within the year 1884,
without applying TO bank shares.
should u Le determined To reduce the revenue, so
asIo CORRESPOND with the existing expenditure, il
Will require tho exercise Of wise forecast on The
part oflho Legislature TO avert serious injury MGR
3D. IN lnIl D., .,