Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1829-12-22
so
8,413,i79 OIL
2,227,363 80
l,085,885 66
6I


The inconvenience TO which the Treasury will be
exposed by this cause, may be averted by redecming
the stock subscribed TO the Bank of the United
States, md authorizing the Commissioners of the
Sinking Fund to purchase the three per cents when
In their opinion, the terms which such purchase
can be made will render it as favorable to the Uni
ted States as the payment of other stocks then re-
deemaole. This stock Is now quoted in the market
at about 8Ta. An unlimited authority 10 redeem IT,
wond no doubt somewhat enhance the price: but this
effect would IN great degree, be counieracted by
the option to redeem other stocks. If however, the
revenue cam in the opinion of Cong ress be more nd
vantageously reduced otherwise disposed of when
the other stocks shall be redeemed, The payment of
the three per cents may be postponed, subject the
operation of small sinking fund, to be applied condi-
tionally, viz when the stock can be bought at rca
sonablc price, to be fixed by law. In such case it
will be necessary to the full employment of the pre-
sent Sinking Fu.d, to give the Commissioners power
TO purchase the five and four and half per cents al
their market price.
III. Of The Estimates Of the Public Rercnue and Err
pcndhures for the year 1880.
The amount OF duties on imports and tonnage which
accrued from the lst of January the 5Oth Scpem-
Der, 1929, is estimated at S21 ,B2I 500, beinp
s. 62l 500, less than that which accrued IN the cor
responding period of the preceding year. This def
cheney has arisen almost entirely III the list quarter Of
the present year, and was probably caused by the en-
tensve irnportatons which had been made in the
early part OF 1928 IN anticipation of the increased u
ties In the ed aud Sd quarters Of the year, howe
yer, the import ations have so augmented that &C
%.
500 less than those secured in tile end md 3rd quar-
ters of The preceding year This improvement still
continues. and there is to believe that the du-
ties accruing in the 4th quarter will ry equal those
OF the 4th quarter OF last year. 1t is worthy of re-
mark that the accruHg ofthe three frs, quar-
tiers of the year 1929 though so much below that of
1925 is only e7G 200 less than that of the same peri
cd ofthe wear 1927.
The debcntures issued, during the three first GUAR
tiers Of 1899, were 3,o59,o6O 25 which exceeds the
count issued during the corresponding period the
year 1923, by GOATS 70.
The amount OF debentures outstanding on the Goth
of September last. and chargeabe upon the revenue
of 1880, Si,lti,l36, exceeding, by sos 992, the
amount chargea6e on the same day in iG2a on the
revenue o. 1929.
The value Of domestic articles, exported from the
onieu for the year ending the Soth of SEN
empeF last IS estina;sa ut SIS 300 600, being SO
33l than the value ofthose exported d1ring The
same period, in the preceding year.
The amount of Custom House bonds if suit Oh the
3oth September last, was Sc ,591,Yl4 90, beine
$685., 435 45 more than the same day in the pre-
ceding year. itmay be observed that the great in
crease OF this en for several years past has ariser
from the heavy failures in the China trade; in which
series Of bonds falling due from the same houses com
mence in one year. and terminate in another.
From view Of all these facts and considerations
the receipt for the year 1880, are estimated a
%, $40 600 dollars.
Viz
! Customs e2eoo0oO
Lands 100000
Bank Dividends 49O,0 900
! Incidental receipts, including
arrears of internal dutice.
direct tax and canal tolls 10000
TO which is TO be added the
balance estimatedto be in
the Treasury on the LIST
of January, 1880 4,41O,e7I 90
Making an aggregate of 2s,25o,07I SO
The expenditures for 1880, are est-
mated at e3,755,526 81
Viz:
(! Civil, Diplomatic, and Mis-
celaneous 2,473 225 G2
Military service, including
! Notifications, ordnance
! Indian affairs, pensions
| aruing the militia, and
| internal improvements $685. ,i8o 81.
| Naval service, including
| the gradual improve