American patriot. (Bellefonte, Pa.) 1814-1817, February 05, 1814, Image 1

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CONDITIONS,
I'he American Pat peat be published
ery Saturday, and orvrarded to subcribers
the eadlicst opportunities. The price
ll be two doliars pet amium, exclusive
postage ; one half 0 be paid at the ume
residue a ihe ex-
piration of six mont: F
No subscription [will be taken for less
r will ay subscriber
gl
% Avasy +
per: guiil
failure of
*
outinuan
Eukah » adie "i oe
of hif paper, will be considered ‘as a ncy
| Afvertisements, not exceeding 2 squar
wil be inserted three times for one dol
r.fand for every subsequent iuscrtion
Ce esfablish the Treasury Department,”the
ecretary of the Treasury ‘respect-
ly Bubmits the following
REPORT AND ESTIMATES:
djonies actually received
SATURDAY, FEBRUARY 5, 1814.
PLPET ISS PPPS PP LT TSP IA PIL FALL LISTS SILLS LETS TIS
Cr BL
Principal re-
imbursed 3,197,102 07
oe nine 5, 317 54 8
As will also appear by
the annexed statement
E.
And leit in the treasury
or the 30th of Septem-
ber last
A ——
39,907,607 62
The accounts for the fourth quarter of
the vear 1813. have rot yet been made up
we Ertasyry, but the receipts and eX-
quarter nave
al (he
penddtuves dqing that
neariy as toiiow :
Receipts from thc customs; sales
~ lof lands, and smail branches of
the revenue, about
Loan of sixteen mlilions
Do of seven and a hait millions
‘Treasury notes fh!
3,300.000
1,500,000
3,850,000
3.680,000
£ rr —————
12,330,000
Makino, with the balance in the
treasury on the 1st of Octo
ber, 1813, of | | 6,078.752 43
mit rnp
An aggregate of about 19,302,000
\The disbursements have been
Tor civil diplomatic and miscel-
laneous expenses, about
Military department
Naval department | 1
Public debt (of which near
6,000,000 Was on account of *
the veirabursénent of princis hp
pal) 7,087,994 95
nd leavin in the treasury, on
400,000
5,887,747
,248,145 10
5 1 the 31st Dreeimve, 184 95 a a
2
ds of the cus- i
Jsales of lands, ©
mall branches of
evernue and re-pay- ALY
$ 13.568,012 43
Proceeds of Loans, viz;
eleven
3
3,151,500 HERA
23,976,912 50
ther with
in the
|
352,652 69
An agreed 33,907,607 62
The pymetls from the Trea-
b _ suryduri@lr the same peri-
{| odlave afhounted to $ 32,928,855 19
{| wighi of
For evil, dilomatic and
4 micellan@us expen-
| _ ‘cej both foreign and
1 danestiec} 1,705,916
| Miitary depgrtment, in
~%_cuding militia and vol-
| Swteers, ani the Indias
andeparthent 18,484,750
7sincluding the build-
dv ships, and
corps 6,420,707 2
uo
bout 4,685,112 95
} 18,509,000
Of the sums obtained on loan during the:
year 1813, and included in the receipt
y
above stated, an account of the terms on
which they were made has been laid before .
Congress, excepting as to the treasury notes
issucd under the act of Feb. 25th, 1813,
and the loan of seven and a haif millions 0b-
tained nnder the authority contained in the
act of the 2d August 1813. The aunexed
stocement marked F. will shew the wholé
nmount received for treasury votes during
the year 1813,and at what places they were
=» or disposed of. Three millions eight
hundred and sixty five thousand ene hun-
Crod dollars, of the notes issued under the
act of inne 30th, 1812, became due in the
course ofthe vear 1813 or in the present
moath of fanuary, end have been paid off
by the funds placed in the hands of the com-
ra‘ssichers of loans for that purpose.
‘The papers under the letier Go. will
shew the meesures takep under the act of
August 2d. 1813, and authorising a loan of
saven millions, five hundred thousand dol-
lars, & the mannerin which this loan was ob-
tgined. The terms were 86 dollars and 235
cents in money, for % 100 in stock, bearing
an interest of 6 per. cent; whichis equiva-
lent toa premium of $ 13 31 cts. and 4
niivhs of a cent on each hundred doilavs, in
money loaned to the U. States. Of this sum
of & 700,000, about 3,850,000 were paid ia-
to the treasury during
the remainder is payable in the ‘months of
Januery and Febuary 1814.
For the year 1814, the exfenditures, as now.
authorized by laws are estimated as. jul
i. Civil, dipiomaticand misceila-
N208 eXPCenses, S 1,700,000
2. Pubiic debt, viz.
Interest on the debt
existing previous to
the war, :
Ditto on the debt con-
tracted since the
war, including trea-
sury notes & loan
for the year 1814 = 2,950,000
5.050.100
Reimbursment of prin-
cipal, including the
old six and deferred
stocks, temporary
5,978,752 437
Cle
“year 1814, then the sum of
the year 1813 and. J 1
- ed to satisfy appro; ‘'a-
tions made prior to that
nt
loans and treasury :
notes, 74450,000
12,200,000
13,900,000
. ‘Military establishment, esti-
mated by the Secretary o
War for a full complement
(including rangers, sea-fen-
cibles & troops of all descrip-
tions) of 63,422 officers and
“men, including ordinance,
fortificaiions, and the Indian
department and the perma-
nent appropriations for In-
dian treaties; and arming &
equiping themilitia °
. Navy estimated for 15,787 of-
ficers seamen and boys, and
for 1,869 mariners, %& includ
ing the service of two 74 gun
ships for four monhts, and 3
additional frigates, for six
months of the year 1814, and
the expenses of the flotillas
on the coast and on the lakes
$4,550,000
6,900,000
Amounting altogether to $ 45,350,000
The ways and means already provided by
law were as follows :
I. Customs and sales of public lands.—
The net revenue accruing from the cus-
toms during the year 1812, amounted, as
will appear by the annexed statements A.
and B. to 13,142,000 dellars. Of this sum,
about 3,900,000: was produced by the ad-
ditional duties imposed by the act ot July
1, 1812. The duties which have accrued
during the year 1813, are estimated at 7,000
dollars. The. custom-house bounds. out-
standing on the first of Januaay, 1815, after
making a due allowance for insolvencies and
bad debts, are estimated at 5,500,000 -dol-
Jars; and it is believed that 6,000,000 dol-
lars may de estimated for the receipt of the
customs during the year 1814. The sales
of public lands during the year ending Sep-
tember 30th, 1813, have amounted to
256,345 acres, and the payments by
purchasers to 706,000 dollars, as will ap-
pear by the annexed statement C. Itis
estimated that 600,000 dollars will be re-
ceived into the treasury from this source
during the ycar 1814. The sum therefore
estimated as receivable from customs and
land, is br 3600,000
2. Internal revenucs and di-
recttax. From the credits al-
lowed by law on some of the in-
ternal duties, and from the de-
lays incident to the assesment
and collection of thedireéct taxy
it is not believed that more
ought tobe expected to come
into the treasury during the
3. Balance of the loan of se-
ven anda half millions, alrea-
d¢ contracted for
4. Balance of treasury notes
already authorised
5, Of the balance of cash in
the treasury on the 3ist De-
cember, 1813, amounting as is
above stated, to about 4,680,000
‘There will be requir-
3,650,000
1,070,000
day, and then undrawn,
at least 3,500,000
And leaving applicable
to the service of the
year 1814, 1,150,000
16,000,000
So that there remains to be pro-
vided by loans, the sumof 29,350,000.
: 45,350,000
Altliougly the interest paid into the trea-
sury notes is considerably less than that
paid for the money obtzined by the United
States on funded stock, yet the certainty of
their reimbursment at the end of the year,
and the facilities they afiord for remittan-
ces, and other commercial operations, have
obtained for them a currency which leaves
8,500,000
- vie A I
Pony ] h a uo : }
rs A rrr srr FLT LT IT LG LIL ESS ILLES ITI IIT IDI DL IT LBL LIDS DISS L LESTE DTS SL PLDI GSES TST
No. LJ .
PIPL TIL PLL TILL PISS LILIES ISLETS TIGL ISL TTS LL :
little reason to doubt that they may be ex=
tended considerably beyond the sum of five
milions of dollars hitherto authorised to be
annually isaued. It wiil perhaps be cligi-
bleto leave the exceutive, as was done iast
year, a discretion as to'the amount to be
borrowed upon stock or upon freasury
notes, that one or the other may be resorted
to, within. prescribed Limits, as shail ‘he
found most ‘advantageous to the United +
States. N
The amount esimated to have been re-
imbursed of the princi
during the year endingion the 30th of Se
tember last, including tikasur; pei
temporary loans, will app t
mate marked D. to have bag TUT
dollars. As the payments oi i
the loan eof § 16,000,000 had n
_ completed, and the stock had,
ly, not been issued therefor, it
“cable to state with precision
added to the putiic debt durin
but, after deducting the above
ment of 3,200,000, this addition ¥
short of § 22,500,000. F
The plan of finances prope:
commencement of the war wasfio 12
revenue, during each year of jis on
ance, equal to the peace establis
of the interest on the old debt
& of the loans which the war’
necessary, and to defray the
expences of the war out of the.
loans to be obtained for that pur,
The expenses of the peas
ment, as it existed previous (¢
ments of 1812, made in contemplation
war, but including the eight res gps: i
“ed to the military. estabiishi ents
and the augmentation of the 1: vy i
service, authorised in 1809, amountcds
deducting some casual expences, of militia « |
7 8
and other incidental iteins, to about [= =
Re 8 7000,008
The interest on the een
public debt, pay- wf
able during the ;
year 1814, will be,
on the old debt, or
that existing pri-
or to the present
war, ® 2,100,008
On the debt con-
tracted since the
commencemen of
the war, includ-
ing treasury notes
allowing $560,000
for interest on the
loan which must
be made during
the year 1814, a
sum as small as
can be estimated 5
for that object, $ 2,950,000
a Ee, 5,050,000
Making : - Aw - e =
rom the revenues as now estab , In
cluding the internal revenues and
tax, are not estimated for the year 181
more than $ 10,10@
r ATC
Viz: hi VE
From customs and
public lands,
Internal revenues
and direct tax, 3,500,000
6,600,000
10,100,000
If to this sum be added that
part ot thé balance in the treas
sury on the 31stof Dec. 1813,
which has been estimated a»
bove, to be applicable to the 4
expenses of the year 1814, &
which upon the principles a-
bove stated, may be consider
ed as a surplus of revenue bes
yond the expenses of the |
peace establishment, and of J
the interest on the public debt:
for the year 1813, and theres §
fore applicable ta the same ex« |
al of the public debt
- = = $12,050,000
The actual receipts into the treasury
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