Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1833-01-23

TsrAsuaY REpoRr--We hasten to lay before
our readers tn annual Report othe Secretary of the
Treasury on the subject of the state of national
finances and the picture It presents = such as must
be highly gratifying to the mind of every patriot
From this report it will be seen that the estimated
receipts into the national Treasury during the pres
ent year amount to $3i,752,659 81, and with the
halanceof S4,502,9l4 IS remaining in the treasury
on the 1st Of January last forming aggregate of
S36,255, 573 96. The expenditures during the same
peroid are estimated to amount to Sl6,53l 408 81,
independent of the public debt, and including $l8,
08O,o57 as, paid on account OF the public DEBT,
amounting to an aggregate of 1884, ,466 O3, which
will leave balance in the treasury the LIST of an
nary next OF Sl,644.l07 90.
On the subject of the public debt it appears that
during the year the whole amount paid will be
$4,000 46, including all the stock which is re-
deenable within the time, by terms Of contract, and
leaving balance of only $7,o9l, 698 80 to be re-
deemed after the close of the present year. Thus it
appears that had the seven millions of Bank stock
held by the Government been so!d agreeably to the
suggestion of the Secretary contained in his previous
report, the whole of the debt might have been dis
charged not only by the 4th of March next stated
by him at the time, but by the LIST of January next
1t also appears that within the four years of Jacksons
administration the amount applied to the discharge
of the public debt has amounted to about $58000,-
600. Such is the injury and ruin which has been
brought upon the country by the election Of Andrew
jackson to the Presidency, about which his oppo-
nents have SPOKEN so largely.
The prospect with regard to the revenue of the
wear 1883 is highly favorable, and affords an evil
dence of a state Of commercial operations in our
country very different from what might have been
supposed to exist had the statements made by the
opposition been relied upon being founded m truth.
Notwithstanding the reduction in the duties which
has been made during Jacksons administration, the
revenue from customs for the year, is estimated at
S2I OOO, 900, while the whole of the expenditures,
including four millions for revolutionary pensions,
and near seven millions for various improvements,
pensions, &C. are estimated at no more than Sl7,-
$685. 95.
The Secretary again recommends such an arrang-
ment of the tariff shall reduce the revenue to the
penditures of the Government under an economical
management of our affairs, thus reducing the bur-
deps Of the people, and showing the full extent of
the advantage arising from the extnguishment of!the
public debit and removing the grounds ofthose local
divisions and distractions which have threatened
severance of our happy Union. This is "a result
which must evidently be produced; and however
men from personal interest, local preferences and
party objects may condem the proposition oppose
its adoption, if they suffer their reason to exert its
proper influence, they must be convinced is the prop
or course for this government to pursue; and indeed
is the only which lean long continue to pursue.
On this subject the reasoning of the Secretary very
strong, and should, think, satisfy every candid
mind Of the correctness of his views and the propre
ty of adopting the course he proposes.
Had the Bank stock, held by the Government,
been sold agreeaby to the suggestion of the Secreta-
ry, there would have been increase upon the par
value oft, upon the amount of that Stock of 540
sued by the Bank it is now reduced to but a trine
above its par value, and in short time it is more
than probable that it will be down to par at
Consequently there will be loss to the Government
by the omission to dispose of the stock Of at least
81 SOC, 000.-BaH. Rep.