Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-12-29
9,4il,2lf g.

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Unfundsd debt, U.s. 4o.7se so
OF the sum applied to the public debt in the year
1880, 10000 600 the amount of the appropria.
ton Tor the year under the FL section of the Sinking
Fund act of 1917; and the remaining 1854 $50 os
taken from surplus monies in the Treasury. were,
with the appreciation of the President placed ut the
disposal of the Commissioners of the Sinking Fund
and applied under the LIST section of The act Of a4th
May last.
The five per cent stock subscribed to the Bank be.
nag at oil times subject to redemption and tbs high
market price OF other stocks not offering any induce
ment TO purchase the discretionary given 30
the Commissioners Of the Sinking Fund, BY the 2d
section OF the act last referred has not been exer
csed and from the large amount of debt that ia re
decmable in the year 1881. and within the FIRST two
days OF 1892, 1t Is probable that it will be necos-
sary to resort to it in the year 1881.
The debt which will remain unpaid on the list of ia
nusry. 1881, will be redeemable as follows:
Al the pleasure ofthe Government, s. 3, 2o6 3o7 81
OF three pr cents. and 100000 Of live Der cents
subscription to b INK of the United States aft or six
months notice $50 1856 16, of four and half ner
cents after the 3lst of December 1881 5000 600 nj
four and half per cents; after the ST Of January
1882. 5,oOoOO0 of four and half per cents and
100000 10 of five per cent; after the 3ist OF d..
cember. 1882 56,70.l II of FIVE Der cents: and
2-a27,363 81 Of four and half per cents after the
sist of December 1888, 2.2e7.3s3 90 of four snd n
haf per cents; afer the tst Of January 1885
4,735, 296 so Of five per cents.
As the means for the 1cmption of those portions
OF The public debt which are rcjeemab.e at the c,n
mencement OF any year, arc TO be provided at the
caose OF The present year, and actually drawn
from tn" Treasury at that time, such stocks NAV be
considered, for the purposes OF this report as
deemable in the previous year.
-. OF TIE ESTIMATES OF THE PUBLIC
REVENUE. AND EXPENDITURES FOR
THE YEAR 1851.
The amount Of imports into the United States for
the year ending on the Both September 1880 is os,i
mated at o. 300 900 dollars, and the amour, ofex
nF tphI II, n
tic, and I4,loo,Ooo foreign products.
Inc amount OF custom house bonds in suit on the
ooth September last 6.865.42O dollars which
sum includes all that reuiaIns in suit since the .s
lishment Of the Governments and exceeds nv o73 7ne
dollars, The amount in suit the correspond M, dsv
ofthe last year.
The amount of duty en- Imports and tonnage which
accrued in the first tn quarters the wear $40 s
estimated al 20 $40 600 dollars and i'm the f,ur,b
quarter, at s. II O. 600 dollars
Fhe amount Of dsbenures issued during the fire,
.n n quarters OF the year 1880, is estimated at
1881 Sos dollars, aud tho amount outs,andoe ON tho
3eth S'pt last and chargeable upon hhe var 1851
at a ,3oI dollars.
1t estimated that tho nccruins duty on coffee and
cocoa imported in 1880, and remaining in store on
the first of January, 1881 will be reduced about
lars by the operation Of the acts of the last
session reducing the duties those articles and tha,
the duties OH coffee cocoa salt and molasses accru-
ing IN .65l and payable within that year. will upon
like consumption, to that of 1899 be further dnnin-
ished by those acts about 600 900 dollars The repeal
OF the duties on tonnage, which will take effect Oh
the first April next, will further reduce he revenue
of the next year about rs 900 dollars. The suisse
duent reduction ofihe duties tea coffee md sal on
the LIST January, 1882 will probably lessen the usual
importation OF those articles for the demand OF 1881
Bu the Influence of these upon the re-
venue, will be in some degree countcroctcd BY the
increased capacity Of the country for consumption as
ovnced by the enlarged amount of domestic exports
the general prosperity Of mercantile business and tho
favorable state of exchange with foreign countries
to which may be added The opening Of the trade with
the British colonies in the West Indies and on tho
North American continent
The revenue arising from the sales of the public
lands will be improved by the same general causes
which tend to improve that from the customs
From view Of all those facts and consideration.
the receipts for the year 1891 ore estimated at
S23340,OO0
viz: Customs 100000
Lands 100000
Bank dividends 100000
Incidental receipts, in
GLIDING of
internal duties, di-
rect tax, and canal
tolls 100000
The expenditures for 1881 are cs,i-
mated at S23o2gos5 PIG
viz: Civil list foreignin-
tercourse, and miscel.
laneous 2,505,i52 CO
Military service, in
GLIDING forti6ca-
tons, ordnance, In
dian affairs, pen
sions arrning the
militia, and internal
improvement G,7ss3i7 go