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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