ALEXAND pp — ER HAMIL y TON. Bellefonte; (P ax ———— ee PPL L LTT EECLTT ET TLS wr % PRINTED & PUBLISHED AT TWO DOLLARS PER ANNUM. payable half yearly in advance. > SEITE SSG I PBL TET LTS TDS TREASURY REPORT. * Buon From the Winchester Gazettes WasuiNeTON, Dec. 7, 1813: rar Sir, The report of the secretary of the treasury was this day presented to she house. It is very voluminous, com: prehending, asit is said, 2 detail of the state of our finances anterior to the war as well as since its termination The read- ing was dispensed with except of sd much as was move peculiarly interesting, from the developement of the probable 1eceip's and expenditurs of the ensuing year; and of the contemplated measures in reldtion ) r SATURDAY 9 To mect those demands there were the following ways and means placed by Jaw in the power of the treasury. Cash in the treasury, say Outstanding revenue which ac- 2 crued pricrto 1815 4,500,000 Revenue accruing in 1815, viz. Customs 25,000,000 Direct Tax 5,500,000 Internal Duties 7,000,000 Lands 1.000,C00 Postage and in- ridental re. ceipts sdy 1,500,000 450,009 5839 50,000 € $8,930,000 Unexecuted aus thority 10 bor- row and issue Treasury notes prior to i815 Authority to bors row and issug poles Since ) 24,500,008 45,000,000 + rong! to the internal taxes. The whole is or dered to be printed; but as it will form I imagine, a considerable volume, I pre- gunie it will be some short time before it will be before the public: and as the anxi- ety of our fellow citizens to learn the real state of the finances is probably great, I send you as correct a sketch as I ean, wt such parts of the report, as were read to the house, which you will pleuse to insert in your paper for the general information of the district. Bi The report of the sccretary contem- plates in relating to the present internal duties; y ; A reduction of the direct tax to onc 3 1 half the present amount; ai ¢xeoncration of: the domestic manufactures of every kind from the taxes impgsed upon them by the last session of congiess, to take place from she 18¢hi of April next. # The abolition of certain taxes which ” have proved unprofitable, such as (1 think), the tax on household furniture and watcha es, and licenscs to retail wine, spiritous liquours and foreign marc andize,* in lieu “of all which the continuance of tiie tax on salt, and a competent addition to the per- manent rates of duties imported nierchan- dsze is contemplated. ab : the duty on domesiic digtillc d spirits which wag imposed last year is also proposed, and in lieu of 1t an addition of one hun- dreds per cent, on the old duty of 1813, which 1 presume to be the duty on the ca- acity Besides the continuaiice of the duty on salt, the addition to the permanent rates of duties on mmported goods and the 100 per cent on distilled spirits a eon inuanc of the stampduties on bank notes ed at bank, as aiso of f and notes discount those on refined sugars until the 30th o June next it is proposed. by which timé the tariff will be prepared, and the new svstem will be ready to go into ‘operation. * Should the scheme proposed be adopt- ed by congress, the folwwing changes wiil be made as to our internal tases. The land tax w il next year be only one half of its present amount. : The manufscturers will be relieved the ensuing year from the taxes of which they go much complained. 3 The distiller will be relieved of the tax of which he complained but will have to pay in licu thereof a double tax on the capacity of, the stili—and the taxes house- hold furniture and watches as also Ob re- tail licenses will speedily pass away; the first ceasing in April and the latter on the 31st Dec. 1816. ha How far this system’ will be perused by Congress, it is of course imposible to di- vine. ; Having thus, stated the changes ¢on- templated, let me now give you as accu- vately as I can a sketch “of the finances. First of the year 1816 \ 4 The demands for the year 1815 are stated thus. Civil list, diplomatic and misclla- neous expence say Military expences, (round num- bers) : Naval expences ; (Ditto) ©n account of the debt, say 5,600,000 5,250,000 18,750,000 : ; 232,700,000 Reior & unsatisfi’d appropria- ROI 17,300,000 ——— ——. S— ®50,639,000,: { The (abolition of $3,100,000] 0 0,000 — — 4 T 67,40 o This amount varicsa few hundied thousand dollars, but say 112,350,000 The whole of these ample funds, howe: ver, have not been realized aud received. ‘The following shows the amount realised ‘and received of the foregoing funds. {Cash in the treasury, say 1,500,000 ‘Customs 8,000.000 t Direct tax 2,200,000 Internal Duties 4,700,000 1,000,000 450,000 mn 50 h } ‘Lands (sale of) | Postage and incidental receipts 'Loans made aud to be made before December SU. Treasury notes already issued together with what may be issued before Dee. 31. 16,058,000 Although by the foregoing cs- timate the demands lec 1815, amount ta the sum of, And the funds received and to be received, only to 48,83 Yetdt is not supposed that those demands will come in $0 shoitiy as to make a pivot: er use of the autherity to borrow or to is suc Treasury notes pecessaly han is a bove stated. This indeed scems highly probable, when we come next to see the actual payments which have been male by ‘the the treasury this year. These are as Hollows : Civil list, &c. &c. ‘Mintary Claiuis, say Naval expenscs, say Public debt SOUT a ANA Us, | { 1.500400 15,000,060 7,000,000 8,000,000 S155005000 ‘Amount to Sept. 80, 1815 Estimate for the 4th quarter of the year | \ \ 5,004,000 36,500,000 whith sum will be 12,080,000 dollars {.¢ss than the amount of 18,822,000 reaiized and to be received as above j---s0 that it scems probable that the sum provided for the year will be amply sufficient to iuect tie de- mands likely to be presented before its ex- piration. SECONDLY FoR THE YEAR 1816. Probable demands Civil; diplomatic and miscel- laneous, say Military expenditures for 1816 Arrears of Military expence for 1815 say, Y O00 0 } ROO, 00. 5,112,009 9,437,000 16,549,000 Naval expences, peace estab- lishment Public Debt, Interest and reimbursment of part of the prineipal of the funded debt existing prior to 2,716,000 the war Interest of the debt since the war calculated on a capital of 70,000,000 Principal and interest on Trea- sury Notes now due or pay able in "1815, 1816, or esti- mated to be paid, by being received in duties and taxe es Temporary lands due to banks of Boston and N. York 3,460,000 ¢,200,000 15,451,000 700,000 OU — EVE NING, Jauary 20, 1816. H wi i bight “ + The demaads for 1816, thus = amounting to 42,883,000 The next enquiry is 2. As to the ways and means provided by the laws NOW IN FORCE. By these laws, 1816. and no longer. The duties on imported articles will fali to one half, except on certain manufac- turcs, where there are internal duties on domestic manufactures of the same Kind. The duties on stamps aud refined sugars cease, Feb 18, 18 5 The internal duiy as the law now stands would continue. § Under these circum- stances --to meet the demands of the year 1816, amounting to 42,883,000 We shail have the following accruing revenue. Customs estima‘ed at iuternal auties Direct tax (net amount) Sales of Lands Postage and Incidental receipts 18,000,000 7,000,000 5,600,000 1,000,000 400,000 h 37,000,000 But a much greater som is estimated as actually receivable in 1816, though only 27,000,000 wiil acorue mn that year, because a part of the dutics and taxes accruing in 1815, will 10! be receivable or received until 1816. Hence then it is necessary to see what is reccivabic in 1816. The amount is us follows From Customs 20,000.000 Luternal duties 6,500,000 Digect Tax 8,500,020, Sales 1,000.000 Postage, &c. 400,000 56,400,000 Y ve va \ Pare 3 Probable am’t in the Ticasury on the Ist of Januwry 1816 NN Vy 0,000 —————— | —n —— 9,400,000 3,483,000 Leaving a deficit of will take place i: the revenues provided supposiich that others stbstiued in their foom. wn 1816. Customs Internal dutics Direct Tax Sales of Lands Postage, &c. 4,500,000 400,000 Bape But tho’ only the sum of 25,6 bley because a part of the dudes and raxes ol firevious years will be receivable in that year. amount actually receivable in 1816. Customs 21,000,000 Internal duties 5,000,000 Direct Tax 6,003,060 Sales of Lands 1,000,000 Postage, &c. 400,000 33,300,000 + Itis supposed that this excess will be pacdy composed oftreasuiy notes, and that the actual bakaice of easu will be only 3,000,000 as1s hcieailer stated. { If we deduct from this sum of 42,193, 009 Charges of a temporary nature, viz. Arrears of Mili- lary expences above And floating debt to be paid 9,457 000 16,158,000 nnn 25,695,000 It willleave about the sum of 17,288,000 for the annual expenditure of the peace establishment. || It must be recollected however, that this state of the laws is contemplaied 10 be charged as will be seen beveafier. Add probable a- mount in the Treasury Jan. 1, 1816 3,000,000% 56,400,000 42,883,000 » But as the amount ot probable The double duties continue till Feb. 18, | As however, it is expected that changes the following estimate is made upon the the modifications take piace, winch have been alicady mentioned whereby som: taxes will be abolished aud 3. Estimhate according to thé proposed mo- dificatious of the revenue that wil accrue 17,000,000 2,400,000 1,000,000 25,600,000 : 00,000 will accrue n 181652 large sum will be receiva- The following statement shows the ) Reid furgure aid wales. A demands were before estima- ted at If we deduct from it the sum receivable 42.88 3,009 36,400,000 6,483,000 - | A deficiency will appear of It is very probable that this deficit need not be raised by oan. But ifit should we shall in the year 1816 pay off And only borrow 25,000,008 6.48 3,000 i ornit Thus upon the whole, getting rid of of our national debt. The above estimates are made without pretending to accuracy, as to the amount, of items In a short time the public will, have the whole beiore them, so that a varie ence of a few thousand dollars was not im» portant. : : A desire to lay before the district, ag early as possible, this interesting subject, and to dissemate equally among the free- holders the information in my power, which, a persongl correspondence would rended ifipracticable, has sugges‘ed this step. 1 shall probably frequently adopt the same course, as the necessary attention to the duties confined to me. will prevent my en gaging in 4s extensive correspondence. I am, dear sir, Yours respectfully, H. St. G. Tucker. 18,517,00qQ * The tax on Household furnitus2, anf Waiches to be discontinued March 31; 1816 That on Licenses December 31, 1816. ' Reduction of direct tax to tuke place March 31, 1816, and the alteration in, the duty on Domestic Spirits June 21, 1816, * Sce the note before as to the proposcd excess of twelve millions. : We aie indeoied to our Representative Henry St. Goorge Tucker Esq: for the preceding brief abstract. of the Annual Report of the Secretary of the Treas suty. To nine tenths of our readers; whose avocations, and many whose inclinations forbid their wading. through such a mass of matter, as the Sacretarys report is, perhaps necessarily, composed of, on this occasion, Mr. Tucker’s epitome of it will doubtless prove highly satisfacto- ry, as it will be found to contain the subs stance of Mr. Dallas’s report, or at leasg such a portion of 1t as will be deemed most important; nad be inserted the report itse selfy it would, from its great length, unless, every thing “else had been exciuded from the columns of our paper, perhaps have required four or five weeks (0 have pubs lished the whole, ; ) Wincnestenr Gadd FROM THE PENNSYLVANIA R PUBLICAN, Extruct of a letter to the Editor, dated, Washington City, Doc. 24 : ¢ The biil providing for the deficiencies in the appropriation of last session his pase sed, and the payments of the Militia will pow be made I trust without delay. The committee of ways ard means will repoit lin a few days upon the repeal of the taxes, It 1s said they will adopt the trcasury res port as the basis of ther plan, with the ex~ ception of the increa.cd postage, which it is probable they will recommend to be res pealed, as there appears to be a very gene eral opiuion in favor of it among the meme bers of congress. ¢ The amount of taxes proposed to be a» bolished is estimated at $5,500.000. If ta this the postage be added, it will amount to $6,000,000 or nearly; embracing one half the land tax snd the whole of the tax. ‘on manufactures, except that on refined sugar and about two-fifths of the present tax on distillation of domestic spirits. ¢ The taxes proposed to be coutinuedy are: Direct tax $3 000.000. Duty on refined sugar, Carrizge ax. Bank notes and notes discounted ang biils of exchange. Sales at auction. In reascd aes of postage. The capacity tux on stl's. double the amount imposed io 18135. Liceices to wizllers voduced to tha ol 1813 “The dutic: to be abolished, ose uson iron, vais, les her. hats, saddicry. as ¥, boats &¢ OS Eo. nCluditgg that UL IONES Se
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