American Papers.
The Times, 1824-02-02T00:00:00

Treasury Depc~~45 1 03 Sir,-I hiave the honosr to tran tl. ~ ePorttlt Drpee- in 18b3. dence to the '" Act supplementary, to thle act to esatbliah the Trea. ssiry Department."-I.. have the honour to be, verk t-,eapefully, Sir, qh'Er obedient servant, 'WINj H. CWA WFORD, ThVLon, the Speaker olf thie Rfoute of Rept-esentatites. In obedience to the directio;s of the " Act supplementary' to the act to establish the Treasuiry Department," the Secretary' of thte Treasury resPectfullY sixbmits tle oilowi'tg report: 1. OF' TH~E rrisrIC ttEVE?tZUE AVL, T'XPENDrTURE OF TIIE Y14I 1822 and 1823. The nett revertue which accruied from duties on imports and ton I- niage, during the year 1822, arodunted to 20,50&,775. 91. 51he actual receipts into the Treasutry during thle vear 1822 uriounted to 20,232,427 94, vriz. :-Customns, 17,589700fi 94 gublic ls1.nds, exclusi've of Alissisnsippi siocck, 803,581 54 divi. dendsowi stock- in the Batik of the Uinited Stntes. 297,500; ar. rear., ik internal dluues- and d[irect tax, and incidentail receipts anld rep2.ironts undler act of lst of Alay, 1820, 8541.884 46-miaking vrAh the balance itt the TIreastiry- on iRie Ist of' Januiary, 182, 01 A,681,592 24, an aggregate of 21,9l4,020 18. The expendituIre3 dluring the year 1822 amounted to 17,676,892. 163.-viz. Civil, dliplomiatic, and miscellaneous. L .967,"ti 24; mu .tary service, inicluding. fortifications, ordnance, Ind(ian depart- mnent, revolutionary and military pen-sions, arminig thie otiiriia, andi arrearages prior to the Ist of JTan. 1817. ,6,35,188 29.- naval zervice, incliudingr the eradual increase of thie navy'.. 2,2'24,468 98 ; Public debt, 7.84t8 949 12. leaving a balance in tehi Treasury, oil tie Ist Jan. 1823, of 4,237,427 58. The actual receipts inlto tile Treasury du~rinlg the t4ree'tirst quarters of thie Y'ear 1823, are esti- rnatc.,. to havye amounted to 16,174,03,9 N viz. CrEston-, 15.018,392 74 ; piublic lundIs, exclasive of' Mississippi stock-, 687,5.08 73 ; dividends ott stock in the Bank of the Unitedl States, 500);arrears of -internal dutiesand tlirtct tax, and incidental re- ceip, 102,726 iS repayment ot-advances m-ate in the wvar dtepart. arine orsrvies r upoiesprir t thIst Julv,1816,4t4,410 84. The Octul ree-its ntotheTreaurydurng the tltirth quarter are esti. mace at, 27.1)0, maingthe otalestmated receipts9 inot thi- 'I'teasir3 Jutogthe ear182, 2.4,03 28); and, with the ba. ~'.cin tte reasry n tie 1s 01 Janary 1823, fobrming an tggre. Teexpenditures during thie three llTts quxarters of the year 18,22 :are estimated to have amiounted to 1 1,422.847 30, viz, civil, diploma. tic, and miscellaneolls, 1,510,713, 14: mTilitary service, including for. tifications. ordnance, Indian tdepa,-rmnent, revoluitionaTry and militar -, penisions. armitng the r,dlitia, and arrearages prior to the i-tt of JTa nuary, 1817, 4 31K3 715 62 ; naval service, ircludingl the zraduial in-. crease ottie nasvy 177li 989 37 ; public decbt. 3,7.51,407 17 ; tile ex- ptenditures during, the fouirth qutarter are estim'iated at 3.894,559 74. -viz, civil, diplotni tic, and miscellanecous 4139J,701 II ; military sar. vice. including fortih catious, ordnance, YndiIin department, rev-olii. tionary and iniltarvrspensions, arming the militia, and arrearaget prior to the lit of' ,January , 817,1199,449 93; navali service, incluid. ing the gratulu' increase of the navy-, 726,776 46 :Public debt, )f'RA2q24 . making the tot,-l estimitteet expendliture cof the yeai 131407 1J ai.d lavirnt in the Trea-sury onl the lst of .Ja. I 824, ans esmi L,ted baliaiice of' 9,3641.055 77. AGer deducrinnv tront this sujn, certain balancels'of appropriations, antounting to 2.1117.008 47, whiieh are necessar y to effect Ithe object? for which they wkere sevetally made. or have beeni deducted from the Cestimates for the service of the en,,iiing year, a balanlce of 6.466,969 30 -remains; which, withi the rec~eipts into the Treasury dtiring the 'Year 18'24, oronetrrtcs~ the mecans tor dlefraying tile ettrrent service of that 2.-O} THEF 'i!flr.iC DEBT. The funded debt whiichi wasi contracted before rthe year 4812,) antitlticli was untredieiemed oni the 1st ilyo cober, 18212. anounted to D)ollars 17,189,882 8 A nd zTiat whirlh wi.-a contracted subsseqttent1v to tl:e ist of January, 181 2, and was ut,raleesea ozittith lest of October, 182Q2, amiountedi to. . . 75,8-52,848 d5li .M11aking thec total atnorntr of fundited dlebt uinrederm.i ed on the 1s5t of October, 11122 . 9,042,701 lfl In the fourth quarter of' that year thiere was Paid the suni of . . viz.. . . . 2,2635, 673 32 ReimburTsemnent of' Per tent,t de- ferred stock . . . 2265,673 32 Redemrption itt ; tier cent, stock of 1820.2,000,00i 00) 'Reducingz the toontled dcbt, oni thie 1st of January, 1823, to .. 9 ,777,027 80 Fromn that th2ay to the 1 st e5f October last, thlere teas added to the debt.- In 3 per cent, stock . . 1312 39 Treas--ury note t; percent. stock . l51i1 tilt TXeasury itote 7 Per cent. stock . 13.1 00 11192 Making ani ageriegate of'. . . .9,7,8 1~2 During the same' period there w as Paid. in reim. bursenient of the tleferrc-d 6 per rent, stock . 327,022 111 Redlucing the funided dclbt on tlse lst of October, 182.3, to.' 4 1,t3:14 2.1 Since that dav thiere has beet, audded, in TreassirY note 8 Per cent. stock.7 1 75 .'slkitng an aggregate of' . . t,74-252.-51jttt It is e'tiniated tharthte reimbursemsent ot dleferredl -stock in tlie fourth quarter of the Present Year will amouits to 274,508 88 'Whtich will reduce the fuin(deu debt, utiredeemued on the lest of January, 1 324, to . M177.962 14 The amo0unt of Treastiry- notes ouitstaniding on thie Ist of Octisber, 18-23. is estimrated at . . . 2t$.1212 Oh Atdid hyamount of ilississippi stoci: unredeemed on Tbat zi,at 21,268 187 3-n.05' TIf F.zTiaATtr oF TUE vtPUBLtC REA' Ft'E ANDtt X- P'ENtttTtClE FOR TIlE YEAR 112h.1 Tt will be Perceived, that ttse actual receipts of rite year I11123 agree ii,ulh-tantia]Lly with the estimate Presented in the last annuial report. The only deficiency is in the proceeds of thle puiblic lands ; and that is understood to have been the consequience or sat expe-catiooi, gene- rally entertainied, that the lands which were relinituished tindier the act of the 2dof Alarccit.1821, and w Ahich are supptosed to present the strongest indutegilents to purichasers, wouild be brought into mairket early in the ensAuing sear - with reaprect to thec customs, hinwveer. the anticipations that ha~d hien forreel both as~ to lIte circut-ustances whichi were calcu!aicd to huaveanintitence tipoti their prodicrtisenee"s. anti as ti, the rerutil, have heer, comipletely, realizod. It is believedt, thecrefore, that data flotnded upon thte samne uriniciples asth iose wvhich) governed ini fontitong the estimate tor ithe veat. 1823, may be satist-ihe. torily Presented as the basis of' an estinnaLt for the 'year 182.4. li'litti this ., ew, the -Secretary has thle honour to state- lst, Thant the gross anmortor of' dutirs on imports and tannage. which srceted fro6ii the I st of.Jantuary to the 30th of Sentemrber last inclusive, is estimated at 17.'800,000 ; and thart of the whiole Year, at 21,000,001). Of this4 sutti, that portion whiich- accruied in ttiuc first 'half of the year is about 1,000,0110 lees than that of the same period in the precedling Year ; and that whiich accrueti in tlte thiree first qttar. rent of the year ivt estimtatedl at 1.7'00,000 tess, that of the correspond. ing quarters of the Preceding y-ear. 20., That the tdebenturcts issued dturingw the three first quarters of the year 1112:3, amiotiteire to 3,412,1001 ,whiich exceed tlie antiount is- 7sued durirng the corres poneling period of tdie year 18-22 hty' 1,801,000; and the amnount of the debenitures outstandinz on tle Mith of Sep. tomber tast, anv! chargeableutpon the revenue 01'1824, was i1,408.1100, Whiclh is .900,000 miore than was on the same day in 1822 chargeable upon the jevenue of 18323. ;3d. That the value of dom-estic articles exported from the United States, in the yecar coiling on the 30:ht of September last. amountedi to 47,155.711.; being 2,718,3811. lesit than those expoAtrd in the year precetling and rthe vatt,e of foreign articles exported in the year ending on the 30thi of September last was 27,5311,469.; being 5,244,267 more thani those exportedI in the pieeditie year. 4th, Thiat the agrregate value of rthe imports into thie Unitied Stae duing the rear ending iin the 30th of Septemiber lastt, is ccti. miated at 77,488.s3. w hichi is less by -.755,1009 thanl those im- portedi in thur ftre'ceding year'. 5cli, Th.At tite aiotitout of custom house bond., in sttilt, which, on the 30th ot Septembler. 18-20, wlas 3130,000., se-as on thie same clay~ in the year 1822), 2.7j95.-0600 anit it, the Year 1823, 2,8i7,OOti. whernce ~it appears thiat, altho~uph a reduiction of' 313,tl0O had takent place duriny. the whole period, yet the amiount in suit on thur 30thi of Searpteberig W55t wa uater lay 22,000 than on thec saile day of ithe Upon s coi,sideratirn oall1 these facts, anid the conclusions dedu. cible trou, theta, the receipts f-om Ithe c-ustonis in the ycar 12 -a be estimrated at 16i,500,000. 12 a A consider-able rortion of the lands relinqustihed unrder the act of the 2d1 of-Ma rch.. 1821, wvill be brotig4ht into miarket in thec ensuLn year ; buLi a's It Is g-e uncertain to what extent this nias- he deemeal advisable, and asat e sale ofthtese lan(isttrill probably absorbsa great portion of the means of those who ace prepared to mitke investments in.the putthiic lands, it is coiisidleredlirudetut not to estimate the re- c-eipts Yron tchi.s source of revenue at more than 1,600.000; although iii,, believed that they will exceed that shtin. Unider Ehese circumnstances, the receipts of tAe syear 18-24 may be %timav d itttollows:-Cuatoiny,16,500,0010 ; publicilands, 1.600,1111 il isieti end, 380,000 ;, incidental receil,ts, 'nrltiditig arreistsof internaldtesadtrtta,500 repayments of adytrit6ice iflade ii: the war dcpartmsent for servie orttpI's rior to July, 1, 3 186, :,,to ts-o togeter1,6,0;twhc is to be addied %he s6um Ti4h,6 3rnanginteTeury after saris. fying al h prpitiotis chrebeuot th earinsanof U112, Which, m este ntire men fth-er124 amnount to '1'lhe expe-ndittures of the year 1824 are eskimnated as follows Civil, dip loniaric, anti miscellaneous, 1,814,057 32 ; mnilitary set- vice.rincludling torttfications, ordnance, Indian; deiasetmient, revolo. i tondry and minitary pensions. ar;-iing the militia, anid arreara~es itrior to rite 1st of Jattuary, 1817, 8,122,2683 1.5 naval service, in- cluditte th e graitual increfLseof thte navy, 2.973,9297 51 ; public dlebt, a,314,000-inaking ati aggregate of '18,224,262829 1 whuich,, Ieing deducted ftosnatheestimated mneans of 1824, will leave in the Trea. itiry_on hc leIst of January, 18,28, alter s-atisfying the esirrent il- a ustiance estImatecd at!8,792-718 41. Under the existing laws, there is no probability that an) portion of the balance remainingein the TreasUTry on the Iht of January, 1U24, or of the suTplus hich may accrue durine that year, can be applied to the dqischarye oF the public debt, until the hrst of January. 1 2?.; Yet it iS not deemed conducive to the general prosperity of ihe ua. ton that so large ai anrouint should be drawn t&onI the hand.s of in- dvitditalas and suiffered to lie inactive it the vaults of the binks. (On the other hand, the high rate of interest of the great amount of debt which becoines redeemable on the lst of January, 1825, renders it inexpedient tor the (iovernmneir to apply to other objects anly po-tion of the means whiichi it may possess of making .so atIvantageous a re' irmhurnemnent. It is believetl, howevar, that every inconvenienee may he obviated, if authority be given for the purchase of the s ven per cent. stocii, amountihg to 8,611i000, durinF the year 1i24, at :such rates as may be consistent with the public interest. As it is now certain that the(:overnment will possess ample means to redeent that stock on the Ist of Jantiary, 1825, it is vresurned that the hiolders will be willing to dispose of it (luring thc inteival, at a fair trice and. as a gradsstd conversion ot it into money, at such tirnes, and in sudch portioa5, ad wrould be mnost favouxrable to its inrvetinent, would be most advantageous to the monied trnasactiont of the coenmunitvy jt t8 presumtled that it would be 'no. t aeptable to the holders. It is thetetlbre respectfully trose, tbs the Commissioners of the SinkingFttnd be authorized topurchase the seven per cent. stock dtiring the ensuing year, at the followlng rates above the princilpal sumrn prosd: SUr all etock purchased before the 1st of Apiil next, At a rate not exceeding I dollar 25 cents oa every 100 dollars, in addition to the interest due on such stock on that dav. 2. For all stock purchased betwemii the Ist of April and the 1st of July next, at a rate not excecding 75 cents on every 100 dollars, in addiltion to the interest due on the last ihentfonod day. 3. For all stock purchased betiveen the Ist of ,July and the Ist of October next, at a rate not exceeding, on dvery 100 dlollars, the amottnt of interest which would liave accrued on the last men- ttont-d day. 4. For all stock purchased between the 1st of October, 1824, and the psr of Jaeuary, 1823, the principal and interest due oil the day of purchase. In proposing to the conbideratlon of Congress this application of the surplus means of the years 1823 and 1824, the probable de, mands upon the Government, in providing for the awards of the commissioners Linder the treatv with Spain, of the 22d February, 181t, have not been overloolked. It is believcd, however, that tunds may beadvantageouslv supplied for the discharge of those claims, by tlte issue an(d sale, at not less than par, of five per cent. stock, redeemlable in 1832 ; and it is respectfully proposed that E authority be given tor that puriose. Of the 10,331.000 of six per cent. stock, redeemable in 1825, hbout 5,000,000 will probabli' be redeemed in that rear; and there will remiain unredeemel, after the application of all the means at the disposal of the Commissioners ot the Sinking Fund, about 5,331.0oo. This sutn. it is believed. may be readily exchanged for five per cent. stock, redeemable in 1833, and it is respectfully sug- gested that provisions be made, by law, for such an exchange of so much ot'the six per cent. ttock as shaU not be redeemed during the year 1825. The views which are herein presented are founded upon the idea, that no extraordinary expenditure is to he incurred. If, however, it be deemlied advisable to give increase(d extension or activity to the navy, or to aid in objects of Internal improvenment, it is believed that suchI additional means as may be required may belobtained by a judicious revision of the tariff. Such a measure was recommended in the last annual report, xvith a view both to the increase of the re- venue-asid the sirnplification of its collection ; and further reflection and1 experi nce havc tended to strenythen the opinion then enter- tained, that ItS operation, without being onerous to the community, weuld be advantageous tO the revenue, salutary to conimerct, and beneficWal to the manufactures of the routtry. All which is respectfully submitted. Treasury Departmlent, Dec. 31, 1823. WM'l. H. CRAWF}ORD. AMNPR1gAV PAPERS. ANNUAL TREASrJRV lV.ntp