Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1830-12-31

i'll
Viz: Funded debt (K.) so,osa 461 SO
Unfunded debt, U) 40,729 so
, OF The sum applied to the public debt in the year
$50, 100000 we're the amount of the approprIa
tion for the year, under the gu of he Sinking
Fund act of 1917; and the remaining $50 90
taken from surplus monies in the Treasury, were,
with the appreciation of the President placed at the
disposal Of the commissioners of the Sinking Fund.
and applied under the LIST section Of The OF 24th
May last.
The fivs per stock subscribed to the Bank be-
ing at all times subject to redemption and the high
market price of other stocks not offering any induce.
ent to purchase the discretionary authority given to
the Commissioners of the Sinking Fund by the I'd
section OF the act last referred to, has been
csed: and from the large amount of debt that is re
deemahle in the year 1881, aud within the first
days of 1882 it is not probable that will be neces-
snry to resort to it in the year 1881
The debt which will remain unpaid on the LIST of ia
nuary, 1851, will be redeemabc as follows:
At the pleasure ofthe Government, SI3 ,296,S97 81
OF three per cents and 5000 Of five per cents
subscription to Bank of the United States, AFTER six
months notice $50, 1856 16, of four and half per
cents after the 3lst of December 1881 ZOO 600, Of
four and half per cents; after the st of Jan,iary
1889, 5000 600 of four ard half per cents. and
99se9o 10 OF five per cents; after the 8 list OF De
cember, 1882 56,704 IT of five per centa; and
,227,363 81 of four and half per cents; after the
3Ist of December 1888, 2,227S63 SO of four and a
half per cents; sfer the 1st OF January, 1888.
a, 735, 296 80 of five per cents.
As the for the re iempton of those por,ions
ct the public debt which rcdeemabIe at the com
mencement OF any year, are to be provided at the
close OF me present year, and are actually drawn
from the Treasury at that time such stocks NAV he
considered, for the purposes OF this report. as re-
deemabie in The previous year.
-. OF THE ESTIMATES OF THE PUBLIC
REvENUE, AND EXPENDITURES FOR
THE YEAR 1881.
The amount of imports into The United States far
the year ending the 5oh September, 1880 is esti
mated at o8,5OOo0O dollars. and the amount ofe,
ports at 73,200,09O of which SO 400 Ooo we're Danes
tic, and 100000 foreign products.
The amount OF custom house BONDS in shit on the
3oth September last was G,865,42O dollars which
sum includes all that reuaus since the ss alb
llshment OF the government, and exceeds bv 273 TOO
dollars tile amount IN suit the corresponding day
of the last wear. 10y
The amount of duty IN inporrs and TONNAGE which
accrued IN the hst thee Quarters of the year
estimated at 2O570,OO0 dollars, and in the fourth
quarter, ut Sc I 0 600 dollars
The amount of dsbentures issued during the frs,
three quarters of the year 1880. is estimated at
333! 695 dollars and the arnonnt outstandnp on tho
30th Sept last, and chargcabe upon,!Eey " ar 1891
at Al SOL dollars.
1t is estimated that the accruing duty on coffee and
cocoa imported in 1880, and remtninr in store on
the first of January, 1881 will be reduc,d ,hopt
600 dears by the operation of the scts of rho lest
session reducing the duties those articles and that
the duties on coffee cocoa salt and nolasses accru-
ing IN 1881, and payable within that year. will upon
like consumption, to that of 1899 be further di MN
ished by those acts about 600, 900 dollars The RENAL
OF the duties on tonnage, which will take effect on
the lrst April next, will further reduce The revenue
OF the next year about 5000 dollars. Pbe subsa-I
quent reduction ofthe duties tea coffee and sal. on
the stJanuary, 1882, will probably lessen the usual
Importation of those articles for the demand of 1881
But the influence ofthese circumstances uoon tho re-
venue, will be IN some degree countcracted by the
increased capacity of the country for consumption as
ev'nced by the enlarged amount of domestic expor;s
the general prosperity of mercantile business and the
favorable state of exchange with foreign countries;
to which may be added the opening Of the trade with
the British colonies in the Wczt Indies and IN the |
North American continent
Vhs revenue arising from the sales of the public |
lands will be improved by tho same general causes.
which tend TO improve that from the customs
Eron view of all those facts and considerations.
the receipts for the year 1881 are estimated at
S23,340, GOO
viz; Customs 81 100000
Lands 100000
Bank dividends 100000
Incidental receipts, in
Guiding Of
internal duties, di-
rect tax, and canal
tolls 1b0non
The expenditures for 1881 are cs;i-
mated ut G23 2IG O65 o6
VIZ: Civil list, foreign in
tercourse, and Dlscei-
laneous 25G5L52 GO
Military service, in-.
GLIDING fortifica-
tons, ordnance, IN
dim affairs, pen
sons, arrDiDg the
militia, and internal
:, improvement 6789.3l7 go
Naval service. iucu-
ding The ,adua i'm
pTovemcnt Of the