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Full text of "American state papers : documents, legislative and executive, of the Congress of the United States ..."

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CLASS III. 



FINANCE. 



VOL. II. 



• \ 

Ik*' 



4: 



4iV h 



WILLIAM & MARV DARLINGTON 

KEMORIAl LIBKAUV 

UNIVERSITY OF PITTSBUnGH 



AMERICAN STATE PAPERS. 



S^A^^f^ 



DOCUMENTS, 



LiEGISIiATIVE AND EXECUTIVE, 



OF THE 



CONGRESS OF THE UNITED STATHS, 



FROM THE FIRST SESSION OF THE FIRST TO THE THIRD SESSION OF THE 
THIRTEENTH CONGRESS, INCLUSIVE: 



COMMENCING MARCH 3, 1789, AND ENDING MARCH 3. 1815. 



SELECTED AND EDITED, UNDER THE AUTHORITY OF CONGRESS, 

BY WALTER LOWRIE, Secretary of the Senate, 



AND 



MATTHEAV ST. CLAIR CLARKE, Clerk of the Hoiise of Representative?. 



VOLlTIflE VIr TTo 



3 • 



WASHINGTON: 

PUBLISHED BY GALES AND SEATON 
1832. 



h 



)i^ .iJ 



/93 



•^.^ 






.i!^^ 



\5 



TABLE O F C O N T E N T S. 



Fi:VA.^CE VOL. 



MESSAGES FROM THE PRESIDENT. 
No. 

191 Mint, ...-.-- 

211 Same, -....-- 

228 Same, ..--.-. 

237 Balances ihie from States. . - . . - 

239 Mint, ....--- 

260 Same, ....---- 

274 Same, ....--- 

288 Same, -.-.-.- 

309 Same, ------- 

314 Mediterranean fund, ------ 

332 Mint, - - - - - - . -. 

347 Compensation made to G. W. Erving, for attending the Board of Commissioner 

of the treaty with Great Britain, of November 19. 1794, 
361 Mint, ------- 

385 Same, .----.- 

386 Treasury notes, .-.--- 

399 Terms of the loan of sixteen millions of dollars, 

400 Duties on imports and tonnage, ..---- 
403 Mint, .-...-- 
407 Digest of Manufactures, - - - - - _ 
410 Articles, foreign and domestic, consumed in the army and navy of the L' 

1814, .--..--- 

437 Mint, ------- 

442 Bank of the United States— Veto, ... - 



January 11, 1803, 
January 14, 1804, 
January 25, 1805, 
December 31, 1805. 
January 15, 1806, 
January 27, 1807, 
January 8, 1808, 
January 5, 1809, 
January 5, 1810, 
FebruaVy 17, 1810, 
January 7, 1811. 

■s under the seventh articl 
February 11, 1811, 
January 7, 1812, 
January 4, 1 813, 
January 23. 1813, 
July 38, 1813, 
December 20, 1813, 
January 7, 1814, 
January 15, 1814. 

nited State.s, in 1813 an 
February 3, 1814, 
January 10, 1815, 
January 30, 1815, 



COMMUISTCATIONS FROM THE SECRETARY OF THE TREASURY. 



rt. 



187 
189 
190 
197 
198 
200 
207 
209 
213 
216 
219 
221 
231 
233 
234 
230 

237 
240 
249 

252 
253 
255 
256 
257 
258 
259 
262 
265 
266 
267 
2-3 
275 
276 
281 
282 
284 
286 
287 
289 
290 
292 
293 



State of the finances, ------ 

Duties and drawbacks, ------ 

Internal revenues, ------ 

Arrears of direct taxes, - - - - - 

Mint, ------- 

State of the finances, ------ 

Abatement of duties, ----.- 

Direct tax, - - • - 

Additional duties, ------ 

Duties and drawbacks, ------ 

Mint, ------- 

State of the finances, .----•• 

Duties and drawbacks, ------ 

-Mint, ------- 

State of the finances, - - - - - . - 

Repeal of the act authorizing evidences of public debt to be received in payment 

Balances due from States, . . - - - 

Duties and drawbacks, - - - - - - . 

Payments made to American citizens under the convention with France, ol Apr 

Mint, - - - - - . - 

Claims to be paid under the convention with France, of April 30, 1803, - 
State of the finances, ------ 

Public deposites in banks, - - - - ■• 

Direct tax, -..----- 

Salt tax and Mediterranean fund, - - - - - 

Duties and drawbacks, - - - - - 

Indemnity to collectors, - - - - - 

Public debt, ------- 

Mint, ------- 

State of the finances, ------ 

Mediterranean fund, ------ 

Assays of foreign coins, - - - - - 

Duties and drawbacks, - - - - _ - 

Conflicting claims under the convention with France, of April 30. 1803. 
Public debt, ------- 

Mint, - - - - - . - 

Revenue cutters, ------ 

State of the finances, ------ 

Annual receipts for seventeen years, - . - - 

Duties and drawbacks, ------ 

Allovi'ances to fishing vessels, - - - - - 

Accountability of disbursing officers, - - - - 



December 10, 1802, 
January 3, 1S03. 
January 6, 1803, 
February 28, 1803, 
March 2, 1803, 
October 25, 1803. 
December 13, 1803, 
December 17, 1803, 
January 23. 1804, 
January 27. 1804, 
March 20, 1804, 
November 21. 1804, 
February 20. 1805, 
February 27, 1805, 
December 9. 1805, 
of lands. 

December 28, 1805. 
December 30. 1805, 
January 15. 1800, 
il 30, 1803, 
March 20, 1806, 
March 29, 1806, 
February 28. 1806, 
December 8, 1806, 
December 23, 1806, 
December 29. 1806, 
January 3, 1807, 
January 6. 1807. 
January 22, 1807, 
February 27, 1807, 
March 3, 1807, 
November 7. 1807. 
December 28. 1807. 
January 16, 1808, 
January 18, 1808. 
March 6, 1808, 
April 9, 1808, 
April 23. 1808. 
November 29. 1808, 
December 16. 1808, 
January 4, 1809. 
January 11, 1809, 
January 16, 1809, 
February 4, 1809, 



Page. 

18 
75 
118 
163 
165 
224 
263 
317 
391 
404 
458 

484 
515 
599 
600 
646 
048 
649 
666 
1 

815 
883 
891 



5 

10 

12 

30 

31 

47 

64 

65 

78 

82 

101 

107 

133 

136 

142 

162 
163 
169 

186 
198 
202 
204 
216 
219 
221 
222 
226 
237 
242 
246 
263 
265 
266 
283 
287 
302 
306 
307 
318 
321 
334 
335 



O 



VI 



TABLE OF CONTENTS. 



No. COMMUNICATIONS FROM THE TREASURY— Continued. 

298 Bank of the United States, - . - . . March 2, 1809, 

299 Mint, - - - - - - - March 2, 1809, 

300 Balances due from individuals on the 30th of June, 1808, - - March 2, 1809 

301 State of the finances, ----.. jy^g g, 1809,' 

304 Powers of the Commissioners of the Sinking Fund, - - - June 20, ] 809, 

305 State of the finances, ------ December 8,' 1809, 

306 Assays of loreign coins, ------ December 8, 1809, 

307 Duties and drawbacks, ------ December 12, 1809, 

308 Direct tax, ------- December 27, 1809' 

312 Defalcation of the collector of New Orleans, and iUe claim of T. Pickering, late Secretary of State, ' 

. , January 19, 1810, 

314 Mediterranean fund, ------ February 16, 1810 

318 Mint, ,.,-.,,-. . ■ - - - - March 15, 1810, ' 

319 Loans, and additional duties on imports, - - . - February 26 1810. 
321 Bank of the United States, ----- April 3,1810. 

323 Revenue bonds outstanding, - - . . . April 16,' 1810*. 

324 Receipts, and public debt. - - - - . April le' 181o' 

325 Manufactures, ------- A.pril 17^ 1810," 

326 State oi the finances, .--... December 12, 1810 

327 Duties and drawbacks, ------ December 13, l81o' 

330 Assays ot foreign coins, ------ December 24, ISlo' 

334 Bank of the United States, - - - . - January 10, 1811 ' 

335 Mint, ^ , ^, : , ^ - ' - - - - January lo' 1811.' 
338 Bank of the u nited States. - - - - . January 24, 1811, 
344 Bank of the United States, - - - - . January 29,' 1811,' 

346 Increase of duties on imports, - - - . . January 28,' 1811* 

347 Compensation made to G. W. Erving, - - - - February s' I81l' 

350 Mint, . . - , ^. -. r' ■,.'.. - ■ - March 2, I'sil, ' 

351 Fines, penalties, and torteitures, tor violations of the embargo and non-intercourse laws, 

r , n March 2, 1811, 

352 State or the finances, -----., ^* ■ 

353 Duties and drawbacks, ------ 

354 -Assays of foreign coins, ----- 

362 Public deposites in banks, ----- 

363 Increase of the revenue, - - . - . 
369 Duties and drawbacks, ------ 

373 Suspension of the payment of certain bills drawn by Mr. Armstrong, 

374 Mint, ------. 

375 Subscription to the loan of eleven millions of dollars, - - - 

376 Louisiana stock, - - 

377 Receipts and expenditures estimated for 1812, - - . 
380 State of the finances, ------ 

382 Duties and drawbacks, ------ 

384 Assays of foreign coins, ------ 

386 Treasury notes, ------ 

392 Mint, ---.-.- 

393 State of the finances, - - 
395 Remission of penalties and forfeitures, - - - - 

397 Loan, - 

398 Duties on prize goods, ------ 

399 Terms of the loan of sixteen millions of dollars, - . - 

400 Duties on imports and tonnage, - - - . - 

401 .\ssays of foreign coins, ------ 

403 State of the finances, ------ 

406 Duties and drawbacks, ------ 

407 Digest of manufactures, - . - . . 
412 Incorporated banks and insurance companies in the District of Columbia, 
419 Mint, .----.. 

421 Revised statement of the public debt, - - - . 

422 State of the finances, ------ 

424 Direct tax and internal duties, - - - - 

425 Public credit, ------- 

427 Duties on carriages, ------ 

434 Loans, ------- 

435 Revenue laws, - - - 

436 Propriety of legalizing the payment of claims in Government stock or Treasury note's' 

December 19, 1814, 
January 17, 1815, 
February 2, 1815, 
February 22, 1815, 
February 20, 1815, 
February 25, 1815, 
February 24, 1815, 



November 25, 1811, 
November 26, 1811, 
November 29, 1811, 
January 8, 1812, 
January 10, 1812, 
February 27, 1812, 
April 6, 1812, 
April 10, 1812, 
May 14, 1812, 
May 21, 1812, 
June 24, 1812, 
December 7, 1812, 
December 18, 1812, 
December 28, 1812, 
June 22, 1813, 
February 27, 1813, 
June 3, 1813, 
June 16, 1813, 
July 19, 1813, 
July 21, 1813, 
July 28, 1813, 
December 16, 1813, 
December 31, 1813, 
January 10, J814, 
January 15, 1814, 
January 15, 1814, 
February 21, 1814, 
April 7, 1814, 
April 12, 1814, 
September 26, 1814, 
October 13, 1814, 
October 14, 1814, 
November 15, 1814, 
December 2, 1814, 
November 19, 1814, 



438 State of the treasury, 
443 Duties and drawbacks, - 
445 Mint, 

447 Estimated revenues for 1815, 

448 Revision of the revenue laws, 
452 Public debt, - 



COMMUNICATION FROM THE SECRETARY OF THE NAVY. 



297 .\ccountability in the Navy Department, 



COMMUNICATIONS PROM THE SECRETARY OF WAR. 
408 Unsettled accounts, --.... January 98 

410 Articles, foreign and domestic, consumed in the army and navy of the United States, in 1813 'and 1814, 

February 1, 1814. 



REPORTS FROM COMMITTEES. 



188 Remission of duties, 
192 Extension of duty bonds, 

195 Duty on refined sugar, - 

196 Encouragement to manufactures. 
199 Sinking fund, 

201 Remission of duties. 



December 22, 1302. 
January 14. 1803. 
February 11, 1803, 
February 21, 1803, 
March 3, 1803, 
November 14, 1803. 



Page. 

351 
353 
356 
365 
369 
373 
385 
386 
387 

393 

404 
409 
412 
417 

422 
423 
425 
439 
450 
455 
460 
464 
468 
480 
483 
484 
487 

490 

495 
508 
509 
516 
523 
542 
554 
562 
564 
568 
569 
580 
590 
597 
600 
619 
622 
637 
644 
645 
646 
C48 
648 
651 
664 
666 
830 
835 
838 
840 
855 
866 
870 
877 
881 

883 
885 
896 
907 
910 
914 
916 



February 25, 1809, 343 



813 
815 



9 
21 
29 

29 
37 
58 



TABLE OF CONTENTS. 



vn 



No. 



REPORTS FROM COMMITTEES— Continued. 



202 Drawback — sugar and coflFee, - - . 

203 Remission of forfeitures, ... 

204 Fishing bounty, - . . . 

205 Office of Commissioner of Loans, - 

208 Drawback — sugar, .... 

210 Drawback — sugar, .... 

212 Remission of duties, . - - . 

214 Encouragement to manufactures, - - - 

215 Remission to the collector and naval officer at Savannah, 
218 Fishing bounty, .... 
220 Protecting duty on slate, ... 

222 Remission of duties, .... 

223 Remission of duties, - . . . 

224 Drawback, '.'--" 

226 Drawback on refined sugar, ... 

227 Protecting duties, 

230 Drawback, . . . - - 

232 Collector's bond — surety released, 
235 Drawback — sugar, ..... 

238 Drawback — cards, . . - . 

241 Remission of duties, . - . - 

242 Protecting duties, - - - - 

243 Remission of foreign tonnage duties, 

245 Fishing bounty, ..... 

246 Remission of duties, .... 

247 Protecting duties, . .. . - 

248 Remission of duties, . . - . 

250 Foreign coins, .... 

251 Fishing bounty, . . - - 
254 Relief to a surety in a custom-house bond, - 

260 Drawback— sugar and coffee, - - - 

263 Collection districts, . . . - 

268 Compensation of inspectors of the customs, 

269 Protecting duties on paints, ... 
277 Encouragement to manufactures — copper, 

280 Remission of duties on salt, - - - 

294 Drawback of duties — salt, 

295 Remission of duties, . - . - 

296 Extra allowances to the commander-in-chief of the army, 
303 Remission of forfeiture— ship Clara, ^ 

310 Remission of forfeiture — schooner Wolf, 

311 Remission of forfeiture — schooner Victory, - 

315 Bank of the United States, 

316 Allowance of drawback, . . . 

317 Remission of forfeiture, - - - - 
320 Balances and unsettled accounts, 

322 Remission of penalties, - - - - 

331 Currency of foreign coins, - - - 

344 Bank of the United States, ... 

345 Encouragement to manufactures, - - . 

346 Increase of duties on imports, 

348 Bank of the United States, 

349 Bank of the United States, 

356 Remission of duties, - - . . 

358 Compensation of revenue officers, 

359 Remission of duties, . . - - 

360 Compensation of revenue officers, 

367 Drawback of duties, .... 

368 Plan for increasing the revenue, - - - 
Drawback of duties, . - . - 
Sureties in a collector's bond released, 

379 Remission of forfeitures, 

381 Reduction of duties on prize goods, 

383 Importations from beyond the Cape of Good Hope, 

389 Increase of revenue, ..... 

390 Fines, penalties, and forfeitures, under the revenue laws, 

391 Remission of forfeiture, - . - - 
394 Increase of revenue, . - - - 
396 Remission of penalties and forfeitures, 

404 National Bank, .... 

405 Duties on licenses to retailers, - - - 
409 Drawback of duties on exports to Nev/ Orleans, 

413 Remission of forfeiture, - - - - 

415 Remission of duties, . . . - 

416 Remission of forfeiture, - - - - 

417 Remission of duties, . . . - 
423 State of the finances, . .. - - 

428 Remission of forfeiture, - - - - 

429 Bank of the United States, 

430 Income tax, ---"." 

431 Moneys paid for military services receivable in payment 

432 Remission of forfeiture, - 

439 Direct tax in the District of Columbia, 

440 Unequal operation of the act imposing a direct tax, 

441 Duty on stills, - - 

449 Release of penalties and forfeitures, 

450 Public expenditure, .... 

451 Remission of forfeiture, - - - ■ 



Page. 



372 

378 



of taxes, 



November 14, 1803, 


58 


November 25. 1803, 


59 


November 25, 1803, 


60 


December 8, 1803, 


61 


December 15, 1803, 


65 


December 20, 1803, 


74 


January 23, 1804, 


77 


January 25, 1804, 


80 


January 27, 1804, 


81 


February 17, 1804, 


101 


November 15, 1804, 


107 


December 4, 1804, 


114 


January 7, 1805, 


114 


January 11, 1805, 


115 


January 21, 1805, 


116 


January 22, 1805, 


118 


February 15, 1805, 


133 


January 22, 1805, 


135 


December 24, 1805, 


161 


December 31, 1805, 


164 


January 20, 1806, 


170 


January 21, 1806, 


171 


February 3, 1806, 


171 


February 17, 1806, 


184 


February 26, 1806. 


184 


March 4, 1806, 


185 


March 11, 1806, 


186 


March 26, 1806, 


197 


March 28, 1806, 


198 


April 2, 1806, 


203 


Januaiy 21, 1807, 


224 


February 4, 1807, 


226 


December 23, 1807, 


255 


December 3, 1807, 


257 


January 21, 1808, 


268 


March 9, 1808, 


283 


February 16, 1809, 


336 


February 18, 1809, 


337 


Februaiy 22, 1809, 


337 


June 14, 1809, 


368 


January 11, 1810, 


392 


January 16, 1810, 


393 


February 19, 1810, 


406 


February 21, 1810, 


406 


February 21, 1810, 


409 


March 23, 1810, 


415 


April 7, 1810, 


419 


December 27, 1810, 


156 


February 5, 1811, 


480 


Februarys, 1811, 


481 


February 6. 1811, 


483 


March 2, 1811, 


486 


March 2, 1811, 


487 


December 9, 1811, 


511 


December 30, 1811, 


512 


December 30, 1811, 


514 


January 6, 1812, 


514 


February 12, 1812, 


538 


February 17, 1812, 


539 


March 30, 1812, 


554 


July 2, 1812, 


570 


November 25, 1812, 


570 


December 21, 1812, 


591 


December 29, 1812, 


596 


February 15, 1813, 


613 


February 27, 1813. 


615 


March 1, 181.3, 


618 


June 10, 1813, 


627 


June 23, 1813, 


643 


January 10, 1814, 


663 


January 10, 1814, 


663 


February 2, 1814, 


815 


March 3, 1814, 


831 


March 24, 1814, 


832 


Marcii 25, 1814, 


833 


March 25, 1814, 


833 


October 10, 1814, 


854 


November 25, 1814, 


871 


November 27, 1814, 


872 


December 3, 1814, 


873 


December 3, 1814, 


874 


December 3, 1814, 


875 


January 23, 1815, 


889 


January 23, 1815, 


890 


January 23, 1815, 


890 


Februaiy 27, 1815, 


915 


March 5, 1815, 


915 


March 1, 1815, 


915 



VIU 



TABLE OF CONTENTS. 



No. 



REPORTS OF THE COMMISSIONERS OF THE SINKING FUND. 



194 Sinking Fund, 



217 
229 
244 
264 
279 
291 
313 
342 
366 
38S 
411 
444 



Same. 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 
Same, 



MEMORIALS AND PETITIONS. 



February 
February 
February 
February 
February 
February 
February 
February 
February 
February 
February 
February 
February 



7, 1803. 

6, 1804. 
5, 1805. 
5, 1806, 
5, 1807, 
5, 1808, 

4, 1809, 

5, 1810, 

4, 1811, 

5, 1812, 

8, 1813. 

7, 1814, 

6, 1815, 



193 Encouragement to manufactures — Gun maviufacturers of Lancaster, 

206 Encouragement to artisans. &c. of Philatieipliia. 

225 Extension of duty bonds— Merchants of New York, - - - 

270 Protection to manufactures — Journeymen Hatters' Society of New York, 

271 Encouragement to manutiictures — Merchants anil manufacturers of copper. N. 

272 Remission of duties on saltpetre — Waiter Channing, 

278 Drawback of duty on refined sugar, - - - . 

283 Bank of the United States, - - 

285 Protection to manufactures — twine and line manufacturers, Massachusetts, 
302 Protection to manufactures of hemp, Kentucky, 

328 Bank of the United States, . . - . - 

329 Bank of tiie United States — Chamber of Commerce, Philadelphia, 
333 Bank of the United States— Bank of New York, 

336 Encouragement to manufactures — citizens of Kentucky, 

337 Jsank of the United States — Legislature of Pennsylvania. 

339 Bank of the United States — Legislature of Vii-ginia, - - - 

340 Bank of the United States — citizens of Philadelphia, 

341 Protection to manufactures— manufacturers of morocco leather, 
343 Bank of the United States— iniiabitants of Pittsburg, 

355 Encouragetnent to the culture of hemp — inhabitants of New Jersey, 
357 Protection to manufactures — inhabitants of New Jersey, 

364 Protection to manufactures — New Hampshire iron factory company, 

365 Protection to manufactures — ardent spirits, - - - - 

370 Pi'otcction to manufactures — citizens of Connecticut. 

371 Protection to manufactures — citizens of Pennsylvania, 
3S7 Protection to manufactures — manufacturers of copper. 

414 Encouragement to manufactures — inhabitants of Massachusetts, 

418 Revision of the revenue laws — manufacturers of Baltimore, 

420 On tiie expediency of making foreign gold coins a legal tender, and prohibiting 

Banks of Baltimore, - ,. " _ 

42G Composition for the stamp duty on notes of private bankers — Stephen Girard, 
433 Bank of the United States— Banks of New York, 
446 Protection to manufactures— m:uuifactiirers of Philadelphia, 



February 4, 1803, 
December 9, 1803, 
January 17, 1805, 
December 7, 1807, 

Y. December 18, 1807. 
December 24, 1807, 
February 4, 1808, 
April 20, 1808, 
November 21, 1308, 
June 7, 1809, 
December 18, 1810, 
December 24, 1810, 
January 8, 1811, 
January 22, 1811, 
January 22, 1811, 
January 26, 1811, 
January 31, 1811. 
January 31, 1811, 
February 4, 1811. 
December 7, 1811, 
December 23, 1811, 
January 29, 1812, 
February 3, 1812, 
March 6, 1812, 
March 20, 1812, 
February 6, 1813, 
March 23, 1814, 
April 9, 1814, 

the exportation of specie- 
April 12, 1814, 
October 26, 1814, 
December 5, 1814, 
February 25. 1815. 



Page. 

23 

84 
120 
172 
237 
269 
322 
395 
472 
528 
603 
821 
897 



22 
61 
115 
257 
257 
258 
268 
301 
306 
367 
451 
453 
460 
465 
467 
470 
470 
471 
479 
510 
511 
528 
528 
553 
553 
602 
832 
834 

837 
869 
876 
909 



AMERICAN STATE PAPERS, 



FINANCE. 



7tli Congress.] J^'q^ 137^ [2d Session. 

STATE OF THE FINANCES. 

COMMUNICATED TO THE SENATE, DECEMBER 20, 1802. 

In obedience to the directions of the act, supplementary to the act, entitled "An act to establish the Treasury 
Department," the Secretary of the Treasury respectfully submits the following report: 

The permanent revenues of the United States, exclusively of fees, fines, and penaltieSj which, in a general view 
of the subject, may be omitted, consist of duties on merchandise and tonnage, proceeds ot the sales of public lands, 
and duties on postage. 

The duties on postage, which were, in the annual report of last year, estimated at $50,000, have, during the 
year ending on the 30th day of September last, yielded 50,500 dollars. The decrease of ship letters, the extension 
of the establishment through unproductive roads, and the acceleration of the progress of the mail, may, however, 
cause some defalcation in the receipts of the ensuing year. 

Three hundred and twenty-six tliousand and fifty-two dollars and eight cents have been received, during the 
same year, on account of public lands; of which sum, 17,162 dollars and 50 cents were paid in the treasury, in 
evidences of the public debt, and 179,575 dollars and 52 cents in specie; the local situation of the land offices not 
having yet rendered it practicable to draw the balance from the receivers of public moneys. 

Three hundred and forty thousand acres of land have been sold, for six hundred and eighty thousand dollars, 
during the year ending on the 31st day of October last; of which quantity near ninety-seven thousand acres were 
sold on account of pre-emptions claimed by purchasers under John Cleves Symmes, and two hundred and torty- 
thiee thousand acres are the result of current sales. The annexed statement A designates the quantities respec- 
tively sold in the several districts, and the annual payments receivable on account of the balance of nine hundred 
and sixty thousand dollars, due on these and the preceding sales. 

From those several results it appears probable that tlie annual receipts under this head will not, on an average, 
fall short of the sum of four imndred thousand dollars, at which they have been estimated. 

Although it had been anticipated that the receiptsin the treasury, on account of duties on merchandise and tonnage, 
could not, for the present year, be atfecled by the restoration of peace in Europe, yet the sum actually paid has ex- 
ceeded the most sanguine expectations. Twelve millions two hundred and eighty thousand dollars have been receiv- 
ed, during the course of the year ending on the 30th day of September last — a sum larger, by two millions of dollars, 
than the amountreceived for the same duties,during the preceding or any other year; and which exceeds, by twelve 
hundred thousand dollars, the aggregate heretofore collected in any one year, on account of both the impost and the 
internal duties, repealed by an act of last session. 

This excess, which had not been calculated upon, is considered, alone, as amply sufficient to cover any possible 
defalcation which might, during the next and ensuing year, reduce that branch of tlie revenue below last year's 
estimate of nine millions five hundred thousand dollars. Such defalcation is not, however, apprehended : for, although 
there are not yet sufficient data precisely to ascertain the effect of peace on the amount ot duties, those which are 
in the possession of this Department tend to corroborate the presumption that that sum. at least, (nine millions and 
a half) will hereafter be annually received. The statement B, which exhibits a comparative view ot that revenue 
for each quarter, during the last two years, shows that the amount of duties accrued during the nine first months ot 
the present year exceeds eleven millions three hundred thousand dollars; and, after deducting three mdlionshve 
hundred thousand dollars, amount of debentures issued during the same period, on account of re-exportations of 
foreign goods, leaves for those three quarters, a balance of more than seven millions eight hundred thousand dollars, 
subject to no other deduction but the expenses of collection; and from the knowledge already obtained ot the nnpor- 
tations, during the present quarter, as well as from the gradual dimunition of re-exportations, no doubt remains that 
the nett revenue, accruing during the whole year, will exceed the estimate. 

From present appearances, tlie whole of the permanent revenues of the United States may, therefore, be reasona- 
bly computed at ten millions of dollars; of which sum, seven millions three hundred thousand dollars are appro- 
priated for the payment of the principal and interest of the public debt, and two millions seven hundred thousand 
dollars are applicable to the current expenses of Government. j • i 

According to the estimates for the year 1803, those expenses will, exclusively of a sum of one hundred and eighty 
thousand dollars, wanted to cover the navy deficiencies of the years 1801 and 1802, but including sundry permanent 
appropriations, which make no part of the annual estimates, amount to two millions six hundred and sixty thousand 
tloUars, to wit: 

2 tt 



FINANCE. [1802. 



For the Civil Deparhnent. and all domestic expenses of a civil nature, - - - - $680,000 
For expenses attending the intercourse with foreign nations, including prize causes and Barbary 

Powers, ---------- 250,000 

For the Military and Indian departments ------- 830,000 

For tlie Naval establishment, calculated on a supposition tliat six frigates shall be kept in constant 

employment, - - - - - - - - - 900,000 

$2,660,000 

Neither the payments due on account of the convention with Great Britain, and which will, for three years, 
amount annually to eight hundred and eiglity-eight thousand dollars, nor the instalments and interest on account of 
the 200,000 dollars loan obtained from the State of Maryland, for tiie city of Washington, are included in that cal- 
culation, as they may be defrayed out of the following resources, which make no part of the permanent revenues, 
viz: 

1st. The surplus of specie in the treasury, wliich, as the wliole amount there will not, at the close of the present 
year, fall much sliort of five millions of dollars, far exceeds the sum which it is prudent to keep. 

2(]ly. The uncollected arrears of the direct tax, estimated at four hundred thousand dollars. And, 

3dly. The outstanding uncollected internal duties, amounting to near seven hundred thousand dollars. 

The only embarrassment experienced during the course of last year, arose from the difficulty of procuring the 
remittances necessary to meet the large instalments of debt due in Holland. The impossibility of obtaining bills on 
that country, to the amount wanted by Government, and the loss which, on account ot the rate of exchange, must be 
incurred by remitting circuitously through England, induced the Secretary of the Treasury to recommend, in a 
report to the commissioners of the sinking fund, marked C, a recourse to bank stock, as the most favorable mode 
of remitting. 

Of the hve thousand shares in the stock of the Bank of the United States, originally subscribed by the United 
States, 2,780 shares had been sold in 1796, by virtue of the act, entitled "An act making provision for the payment 
of certain debts of the United States," and for the purpose of discharging a part of the debt due to the banlc. The 
remaining 2,220 shares were now, under the same autliority, sold, at 45 per cent, advance. The 1,287,600 dollars 
which they produced, were, in conformity to the provisions of the said act, applied towards discharging an equal 
amount ot that part of the debt which iiad become due to the bank before or during the year 1796^ and the purchaser 
of the stock sold, at tlie same time, to the treasury, an equal sum in bills on Holland, at 41 cents per guilder, the 
securing of which large amount, at that rate, was the inducement, on the part of Government, to dispose of the bank 
stock on tliose terms. As the dividend usually received on the bank stock sold, and the annual interest payable on 
the debt due to the bank, thus extinguished, were nearly equal, the July half yearly dividend on the stock was, in 
fact, the premium paid for the purpose of effecting the remittance; and Government has thereby been enabled to 
obtain, without raising the price of excliange, the whole amount wanted to meet the payments due in Holland, till 
the month of September, 1803. 

Exclusively of. and in addition to, the debt of 1,287,600 dollars, thus paid to the bank, out of the proceeds of the 
sales of bank sliares, a sum of eight millions three hundred and thirty -four thousand seven hundred and fifty-seven 
dollars and eighty-nine cents, has been paid out of the treasuiy, during the year ending on the 30th day of Septem- 
ber last, on account of the principal and interest of the public debt; and the payments, in part, of the principal of the 
debt made during the same period, have been as followeth: 

1st. The payments on account of the principal and interest of the domestic debt, have been - $4,628,105 39 
From which, deducting one year's interest on the same, ----- 3,470,259 75 

Leaves a sum, applied to tlie reimbursement of the principal of the six percent, and deferred stocks, 

of --------- - 1,157,845 64 

2d. Paid to foreign officers, and for the registered debt, ----- 9,603 18 

3d. Principal of domestic loans (exclusively of the 1,287,600 dollars paid out of the proceeds of bank 

shares) --------- 202,400 00 

4th. Evidences of public debt paid for lands, ------ 17.16250 

5th. The payments on account of the principal and interest of tlie foreign debt, have 

been - - - - - - - - 3,310,874 32 

From which sum, deducting one year's interest and charges, equal to 462,731 00 

And, on account of tiie different rates at which bills iiave been purchased, 
and of sundiy bills returned for non-payment, and now in suit, a fur- 
ther sum of ----- - 82,284 98 

545,015 98 

Leaves, applicable to payment of the principal, - - . - . . 2,765,858 34 

4,152,869 66 
Amounting, altogether, to four milhons one hundred and fifty-two thousand eiglit hundred and sixty- 
nine dollars and sixty-six cents. And if to that sum shall be added tlie - - - 1,287,000 00 

Paid on account of tlie principal of tiie debt due to the bank, out of the proceeds of the sale of the 
bank shares, the total amount of debt extinguished during that year, will be found to exceed five 
millions four hundred and forty thousand dollars, - - - - - 5,440,469 66 

The balance of specie in the treasury, which, on the first day of October, 1801, amounted to 2,948,718 dollars 
and 73 cents, liad increased, on the first October, 1802, to the sum of 4.539,675 dollars and 57 cents; making a differ- 
ence in lavor ot the treasury, ot 1,590,956 dollars and 84 cents; which last sum, added to the above-mentioned pay- 
ment ot 4,152,869 dollars and 66 cents, made out of the treasury, on account of the principal of the public ciebt, 
makes an actual difference, in lavor of the United States, of more than five millions seven hundred and forty thou- 

sani I (> :u-ii. < iii'inp- that vp;ir 



sand dollars, during that year 



santi uoiiars, iiuring tuat year. 

The payments on account of the principal of the public debt, from the 1st day of April, 1801, to the 30th day of 
September, 1802, (exclusively of, and in addition to the bank debt, discharged out of the proceeds of bank shares) 
amounts to --------- $5,339,886 44 

Viz: 



On account of the domestic debt, - - - . , $1334 942 81 

On account of the foreign debt, ----- 3 302 '543 63 

And in re-payment of temporai-y loans, - _ . . ' 702,400 00 

And if to that sum shall be added the increase of specie in the treasury, during the 
same penod, which, (as the amount on the 1st April, 1801, did not exceed 1,794,044 
dollars and 85 cents) amounts to ------ . 

The difference in favor of the United States, for those eighteen months, will be found equal to 
eight millions eighty-tive thousand and hve hundred and seventeen dollars and sixteen cents, - $8,085,517 16 



$5,339,886 44 
2,745,630 72 



1802.] 



STATE OF THE FINANCES. 



Of the annnal appropriation of 7,300,000 dollars, for the principal and interest of the public debt, near three mil- 
lions ninelnindred tnousand dollars will be wanted to pay the interest which falls due in the year 1803, and the 
residue, amounting to three millions four hundred thousand dollars, maybe considered as tlie sum applicable, during 
that year, to the extinguishment of tlie principal of the debt. 

From all which it results, that, so long as the United States shall notbeafflictetl by any unforeseen calamity, and 
whilst the public expenditures shall be kept within their present limits, there does not appear any necessity for 
increasing the public revenues. 

All which is most, respectfully submitted, by 

ALBERT GALLATIN. Sccretunj of Ihc Treasury. 
Treasury Department, December IGt/i, 1802. 



Statement of Lands sold in the districts of Cincinnati, Steubenville, Chillicothe, and Marietta, showing the moneys 

paid thereon, and the amount due on the 1st November, 1802. 



Districts 
wliere sold. 


Sales, when made. 


Period. 


Quantities 
of land. 


Amo't of pur- 
chase money. 


Amt. of S. 
expenses. 


Amt. paid on 
purchase. 


Amt. due on 
purchase. 


Amt. offer 
feitures. 




From 


To 


Acres hdtlis 


Dolls. Cts. 


Dolls. Cts. 


Dolls. Cts. 


Dolls. Cts. 


Dolls. Cts. 


Cincinnati, 
Pre-emption 
lands in do. 
Steubenville. 
Chillicothe, 
Marietta, 


1801 
1st Nov. 

do 
do 
do 
do 


1803 
1st Nov. 

do 
do 
do 
1st July, 


12m"ths 

do 

do 

do 

8 months 


47,506.00 

96,689.50 

164,145.62 

29,766.40 

1,902.-25 


95,012 00 

193.379 00 

328,-291 24 

59,532 80 

3,804 50 


451 00 

1,415 45 

1,551 00 

300 00 

18 00 


33,218 06 

56,068 60 
113,116 25 
17,212 25 
1,-252 184 


61,793 94 

137.310 40 
215,174 99 
4-2.3-20 55 
2.552 314 


71 92 

70 00 
65 32 




340,009.77 


680.019 54 


3,735 45 


2-20,867 34| 


459,152 19i 


207 24 



Periods of payment for the instalments due per the above Statement. 





YEAR WHEN PAYABLE. 




DISTRICTS WHERE PAYABLE. 


Amt. in 1803. 


Amt. in 1804. 


Amt. in 1805. 


Amt. in 1806. 


TOTAL. 


Cincinnati, 
Steubenville, • - 
Chillicothe, 
Marietta, 

Add — instalments due per statement, 
for 1801, 


$42,398 10 

18,056 88 

1,440 00 

18 94 

181, -221 474 


$66,855 96 
65,-202 50i 
13,842 57 
951 124 

199,107 48 


$70,954 30 
78,427 lOi 
14,199 -23 
951 124 

170,689 68 


$18,895 98 
53,488 50 
12.838 75 
631 12A 


$199,104 34 
215.174 99 
42.3-20 55 
2,552 314 

551,018 63| 


Deduct — paid in anticipation for lands 
purchased previous to Nov. 1, 1801, 


243,135 39i 


345,959 64 


335,221 44 


85,854 35| 


1,010,170 83 

50.558 504 










Dollars, 


959,612 32^ 



Treasitry Department, Begistcr's Office, December 6, 1802. 



JOSEPH NOURSE. Register. 



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1802.] REMISSION OF DUTIES. 



C. 

At a meeting of the Commissioners of the Sinking Fund, on the 7th of June. 1802, 
Present: The Secretary of State, the Secretary of the Treasury, the Attorney General of the United States. 
The Secretary of the Treasury repiu-ted to the Board, that provision lias already been made to meet nearly all the 
demands which will become due in HoUaiiil during the course of the present year: but that it is necessary to make 
immediate provision for the payments on account of principal and Interest, which fall due tliere. during the first live 
months of the year 1803, and amounting to four millions lour hunilred and thirty-nine thousand eiglit hundred and 
thirty guilders, and payable at the following periods, viz.: 

1st of January, - - - - - 872,700 guilders. 

1st of February, ---... 986,350 

1st of March, . - . - . 601,000 

1st of June, ----- 1,979,780 

That, from the great diminution of trade between this country and Holland, he has ascertained, during his late 
excursion to New York and Philadelphia, that it is impracticable to obtain bills on Holland to that amount; that 
the rate of exchange is already forty-one cents per guilder, and that any attempt, on the part of the Government 
to procure the large amount now wanted, would indubitably raise, considerably, the rate of exchange. ' 

That, if it shall be attempted to remit, by the way of England, the loss will be also considerable: the present rate 
of exchange with that country being now above par. and raising, and would indubitably be enhanced, shoulil Go- 
vernment come into the market forlarge puichases: and the rate of exchange between England and Holland being, 
by the last advices, ten guilders eight stivers per pound sterling, nor likely to become more favorable, which, sup- 
posing the whole amount in bills on England to be procurable (which is not believed to be the fact) at 168, would, 
uicludingthe commission of one per cent in England, amount to forty-three and a half cents per gudder. 

That the Bank of the United States having been applied to. has refused to undertake to contract for making the 
necessary remittance; and that the two only considerable offers made to the Secretary, are now submitted to tlie 
Board, viz: 

The Manhattan Company offer to remit the whole, at the rate of forty-three cents per guilder. 
Alexander Baring offers to remit guilders 3,140,487 I65, payable in Amsterdam, at the following dates, viz: 
1st of January, 1803, .... 605,000 guilders. 

1st of February, - • - . . 685,000 

1st of March, - - - . . 425,000 

1st of June, - . - . . 1,425,487 16^ 

And at the rate of forty-one cents per guilder: Provided, iiowever, that the United States shall sell to him the two 
thousand two hundred and twenty shares of the Bank of the United States, owned by the United States, at forty- 
tive per cent, advance, or at the rate of five hundred and eighty dollars per share; which last proposition is recom- 
mended by the Secretary of the Treasury as the most eligible; as, exclusively of the advantageous rate of exchange 
thereby secured, the transaction will not have any unfavorable effect on the rate of exchange generally, and, by so 
considerably diminishing the ilemand. will enable the United States to obtain what is still wanted, at a reasonable 
rate; and because, in his opinion, the price obtained for the Bank shares, is more than could be obtained were they 
thrown in the market for sale, and more than their intrinsic value. Whereupon, it was 

Resolved, by the Board, "• That the Secretary of the Treasury be authorized to sell the shares of the stock of 
the Bank of the United States, belonging to the United States, and that the proceeds thereof be applied to the pay^ 
ment of the capital or principal of any part of the debt of the United States, which had become due to the Bank ot 
the United States before or during the course of the year 1796, and which remains still unpaid, in conformity to 
the provisions of the act, entitled *■ An act making provision for the payment of certain debts of the United States,' 
passed on the 31st day of May, 1796.- ' 

JAMES MADISON, Secretary of State. 

ALBERT GALLATIN. Secretary of the Treasury. 
Attest, LEVI LINCOLN, Attorney General. 

Edward Jones, Secretary to the Board of Commissioners of Sinking Fund. 



7th Congress.] ]Vo. 188. [2d Session. 



REMISSION OF DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 22, 1802. 

Mr. Samuel Smith, from the Committee of Commerce and Manufactures, to whom was referred the petition of 

John Holland, Jr. of Boston, made the following report: 

That it appears from tlie proofs submitted, that the petitioner arrived in the port of Boston, in the schooner 
Hannah, on Sunday, the twentieth of September, one thousand eiglit hundred and one; that, on Monday, the twenty- 
first, he entered the said schooner at the custom house, being himself the owner and commander; that, on the night 
of the same day. his schooner caught fire below the cabin fioor, and the fire increasing, the said schooner was scut- 
tled, by order of the fire wards, and sunk; by which the cargo suffered great damage. 

The petitioner, therefore, prays a remission of duty on the said cargo, in proportion to the damage sustained. 

The committee are of opinion, that, as no part of the cargo had been landeil. the prayer of the petition ought to 
be granted, and recommend the following resolution: 

Resolved, That the collector for the port of Boston and Charlestown be. and lie is, hereby, authorized to have as- 
certained the rate of tiamage sustained by Jolin Holland. Jr. on the goods which were on board the schooner Hannah, 
when she caught fire, and remit to the said John Holland the duties, in proportion to the damage sustained by the 
goods damaged as aforesaid. 



IQ FINANCE. L1803. 



7th Congress.] No. 189. [SJ Session. 



DUTIES AND DRAWBACKS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 4, 1803. 

Treasury Department, January 3, 1803. 

Sir: ' 

In obedience to the permanent order of the House of Representatives, passed on the third of March, 1797, I 

have the honor to transmit a statement, exhibiting tlie amount of duties and drawbacks on goods, wares, and mer- 
chandise, imported into the United States, and exported therefrom, during the years 1799, 1800, and 1801. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Hon. the Speaker of the House of Representatives. 



180S.] 



DUTIES AND DRAWBACKS. 



11 



A Statement exhibiting the amount of Drawbacks payable on sundry articles exported from the United States in 
the years 1799, 1800, and 1801, compared with the amount of Duties collected on the same, respectively. 





IN THE TEAK 1799. 


IN THE TEAR 1800. 


IN TUE TEAR 1801. 


SPECIES OF MEKCHAXDISE. 


Duties 


Drawbacks 


Duties 


Drawbacks 


Duties 


Drawbacks 




received. 


payable. 


received. 


payable. 


receiveil. 


payable. 


On Merchandise — 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Paving a duty of 10 percent, ad val. 


1,654,709 


289,357 


562,182 


191,476 


2,339 


8,444 


Do 11 do 


418,968 


252,252 


142,456 


90,603 


3,659 


10,331 


Do 12* do 


912,771 


206,136 


2,886,365 


304,160 


4,738,042 


822,263 


Do 13J do 


150,676 


67,861 


329,947 


80,692 


688,854 


231,835 


Do 15 do 


723,955 


69,756 


1,123,015 


115,288 


1,397,9*4 


164,973 


Do 16i do 


119,986 


22,491 


146,221 


25,750 


122,720 


25,443 


Do 20 do 


40,997 


6,077 


59,149 


4,965 


91,047 


7,159 


Do 22 do 


11,961 


3,048 


13,877 


2,654 


23,232 


3,942 


■Wines, at 40 do 


65,557 


47,957 


49,458 


57,162 


62 


3,593 


Do 44 do 


50,919 


55,614 


27,993 


33,519 






Wines, Madeira, _ - _ 


35,949 


6,826 


151,846 


11,817 


155,124 


12,202 


Burgundy and Champaigne, - 


391 


167 


748 


108 


2,167 


337 


Sherry, _ - _ 


231,388 


37,468 


75,493 


13,062 


26,239 


342 


St. Lucar, - _ _ 


6,647 


1,912 


1,220 


544 


138 




Lisbon, _ _ _ 


38,008 


890 


89,904 


174 


133,830 


2,711 


Oporto, _ _ _ 


35,796 


3,648 


9,810 


980 


4,140 


77 


Teneriffe and Fayal, 


55y833 


9,497 


86,257 


11,905 


98,885 


26,289 


Malaga, _ - _ 


61,665 


24,946 


68,310 


19,393 


43,206 


41,477 


All other, _ _ _ 


69,059 


47,787 


241,339 


132,467 


481,803 


394,002 


Spirits, Foreign, distilled from grain, - 


151,290 


15,966 


181,082 


19,552 


252,697 


16,357 


Do. from other materials, 


2,151,600 


233,166 


1,367,210 


94,464 


2,089,962 


121,879 


Domestic do. from Molasses, - 


498 


175 


203 


172 


522 




Do. from domestic produce, - 


2 


- 


41 




24 


54 


Molasses, _ _ - _ 


167,911 


1,277 


194,248 


446 


299,768 


15,927 


Beer, Ale, and Porter, 


22,871 


2,834 


22,114 


7,273 


15,917 


3,074 


Tea, Bohea, _ _ _ 


412,329 


2,097 


367,617 


109,027 


187,071 


68,898 


Souchong, _ _ _ 


58,491 


1,178 


128,847 


3,589 


134,715 


55,913 


Hyson, - - - _ 


92,385 


15,106 


214,978 


43,854 


186,334 


96,418 


Other Green, - - _ 


109,847 


1,881 


153,353 


12,730 


248,507 


78,734 


Coffee, - _ _ _ 


1,932,504 


1,464,170 


2,120,368 


1,773,422 


2,983,447 


2,439,944 


Cocoa, _ _ _ _ 


124,136 


102,076 


120,192 


93,334 


173,330 


137,132 


Chocolate, - - - _ 


31 


- 


61 




99 




Sugar, Brown, - - - 


1,547,823 


731,488 


1,796,428 


734,801 


2,623,647 


1,346,382 


Clayed, - - - 


984,661 


864,847 


1,019,863 


840,951 


1,123,594 


1,067,532 


Lump, _ _ _ 


29 












Loaf and Candy, 


255 


162 


1,967 


310 


1,292 


55 


All other, _' - _ 


115 








430 




Candles, Tallow, _ _ _ 


2,021 


1,020 


2,544 


1,095 


5,596 


1,856 


Wax and Spermaceti, 


660 


288 


161 


17 


273 


108 


Cheese, - - _ _ 


18,685 


13,182 


34,649 


16,565 


50,344 


43,747 


Soap, _ _ _ _ 


13,302 


11,246 


74,183 


34,636 


38,830 


45,560 


Pepper, _ _ - _ 


20,106 


29,295 


158,984 


53,642 


289,124 


234,532 


Pimento, - - - _ 


33,020 


23,151 


25,642 


16,827 


15,848 


10,037 


Tobacco, manufactured. 


8,855 


542 


19,699 


5,314 


17,947 


1,147 


Snuff, _ _ - _ 


3,274 


1,257 


3,607 


109 


3,048 


3,986 


Indigo, _ _ _ _ 


83,965 


68,028 


167,558 


141,800 


129,380 


73,723 


Cotton, _ _ _ _ 


141,514 


113,282 


105,787 


103,484 


129,731 


108,675 


Nails, _ _ _ _ 


66,314 


11,386 


73,939 


14,264 


73,878 


12,543 


Spikes, _ _ _ _ 


1,493 


137 


4,904 


89 


2,877 


67 


Lead, Bar and other. 


27,478 


28 


24,972 


635 


23,034 


3,867 


Steel, unwrought, - - _ 


6,801 


42 


9,077 


511 


15,489 


529 


Hemp, _ _ - _ 


165,785 


500 


19,535 


1,017 


81,435 




Cables, - - _ _ 


1 


183 


292 


1,181 


860 


49 


Cordage, Tarred, - - - 


37,912 


4,922 


19,647 


9,888 


50,900 


5,731 


Do. Untarred, and Yarn, 


2,296 


43 


2,456 


25 


3,267 




Twine and Pack-thread, 


7,915 


469 


8,546 


700 


7,120 


265 


Glauber Salts, _ _ _ 


2,285 


258 


2,832 


28 


2,995 


254 


Salt, _ _ _ _ 


488,617 


20,805 


687,387 


5,190 


686,454 


13,864 


Coal, _ _ - _ 


11,981 


79 


25,150 


181 


31,889 


227 


Boots, _ _ _ _ 


1,428 


562 


3,460 


323 


5,388 


383 


Shoes and Slippers of Silk, 


546 


216 


876 


298 


1,022 


757 


Do. all other, - - _ 


11,403 


2,407 


11,766 


1,822 


13,559 


839 


Cards, Wool and Cotton, - - 


10 


_ 


2 




55 




Do. Playing, - - _ 


11,134 


11,904 


19,462 


8,997 


48,939 


52,623 


Dollars, - 


13,610,814 


4,905,345 


15,261,279 


5,249,282 


20,064,059 


7,819,093 



TREAsnRT Department, Register's Office, January 1, 1803. 



JOSEPH NOURSE, Register. 



FINANCE. '<^r [1803. 



7th Congress.] --^^^- ^— '^-- - -- ^^^-^ No. 190. [2d Session. 



., INTERNAL REVENUES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 6, 1803. 

Treasury Department, Januai-y 3, 1803. 

Sir: , , . , 

I have the honor to transmit two statements relating to the internal revenues of the United States, ac- 
coinpanied with a letter from tlie commissioner of the revenue, explanatory thereof. 

The statement marked A exhibits the official emoluments and expenditures of the officers employed in col- 
lecting the internal revenues of the United States, from the first of January, 1801, to the 31st of December 
following, and is rendered in pursuance of an act of Congress, passed on the 11th day of July, 1798. 

The statement marked B exhibits the amount of duties upon domestic distilled spirits and on stills; the amount of 
duties upon sales at auction, refined sugar, carriages, and upon licences to retailers; and the amount of duties upon 
stamped vellum, parchment, and paper, and which have accrued from the first of January, 1801, to the 31st of De- 
cember following, and is rendered in pursuance of the resolution of the House of Representatives, passed on the 
6th day of January, 1797. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Honorable the Speaker of the House ofBepresentatives. 



Treasury Department, 7?ej;enMe t^ce, Z)ecej7iier 29, 1802. 

Sir: 

I have the honor to enclose two statements relating to the internal revenues of the United States, which 

have been prepared pursuant to a resolution of the House of Representatives, passed on the 6th day of January, 

1797, and an act of Congress passed on the 11th day of July, 1798. 

These statements exhibit the amount of duties upon domestic distilled spirits and stills; sales at auction; refined 
sugar; carriages; retailers'' licences; and stamps upon vellum, parchment, and paper; also, the official emoluments 
and expenditures of the officers employed in collecting the same, for the year prior to the first day of January, 
1802, as ascertained from abstracts rendered by the supervisors of the respective districts. 

In order to show the progress of remittances, during the period for which these accounts are made up, I have 
annexed a note of the sums which were paid into the treasury, and covered by warrant, on account of the internal 
revenues, and on account of the direct tax, by the several supenisors. 

I have the lioiior to be, with perfect respect, your obedient servant, 

WILLIAM MILLER, Jr. Commissioner of the Revenue. 
The Honorable the Seer etai-y of the Treasury. - 



1803.] 



INTERNAL REVENUES. 



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14 



FINANCE. 



[1803. 



B. 

Statement of the duties arising on domestic distilled Spirits and Stills, during the year ending upon the Zlst 

December, 1801. 



New Hampshire, 

Massachusetts, 

Rhode Island, 

Connecticut, 

Vermont, 

New York, 

New Jersey, 

Pennsylvania, 

Delaware, 

Maryland, 

Virginia, 

Ohio, 

Tennessee, 

North Carolina, 

South Carolina, 

Georgia,* 



IN WHAT DISTBICT. 



Total, 



Amount of duties 
arising on spirits 
distilled from fo- 
reign materiiils, 
and on spirits dis- 
tilled from domes- 
tic materials, in ci- 
ties, towns, and 
villages, from stills 
of 400 gallons ca- 
pacity and up- 
wards. 



Amount of duties 
arising on stiUs in 
the country, and 
on stills in cities, 
towns, &. villages, 
under 400 gallons 
capacity, employ- 
ed in distilling do- 
mestic materials. 



$9 66 
140,233 91 

20,221 47 

1,785 08 

18 32 

8,037 54 

1,418 35 



217 51 



6,717 37 



$178,659 21 



$1,060 59 

5,870 43 
168 90 

6,544 32 

4,313 39 
89,771 06 

1,485 78 
21,491 69 
67,261 29 
22,733 06 

8,478 70 
18,174 90 

8,048 70 

1,667 22 



$257,070 03 



Total amount of 
duties payable in 
each district. 



$9 66 

141,294 50 

20,221 47 

7,655 51 

187 22 

14,581 86 

4,313 39 
91,189 41 

1,485 78 
21,491 69 
67,478 80 
22,733 06 

8,478 70 
18,174 90 
14,766 02 

1,667 27 



$435,729 24 



* The supervlsorof Georgia has not rendered his abstract of still duties for the half year ending 31st December, 1801. 

Treasury Department, Revenue Office, December 29, 1802. 

WM. MILLER, Jun., Commissioner of the Revenue. 



B — Continued. 
A statemeiit of the duties upon Sugar refined, during the year ending upon the 3lst December, 1801. 



IN WHAT DISTRICT. 


Quantities of sugar 
removed. 


Gross amount of du- 
ties. 


Discount allowed for 
promi)t payment at 
G per cent. 


Nett amount of 
duty in each dis- 
trict. 




In pounds. 


Dolls. Cts. 


Dolls. Cts. 


Dolls. Cts. 


Massachusetts, 

Rhode Island, 

New York, - . - . 

Pennsylvania, - - - - 

Maryland, . - - - 

Virginia, - - - - - 


318,172 00 

86,477 00 

1,524,499 00 

1,420,065 00 

561,013 00 

24,121 00 


6,363 64 

1,279 54 

30,489 99 

28,401 28 

11,220 26 

482 43 


234 56 

6 36 

1,640 84 

55 

265 18 


6,129 08 

1,723 18 

28,849 15 

28,400 73 

10,955 08 

482 43 


Total, 


3,934,317 00 


$78,687 14 


$2,147 49 


$76,539 65 



Treasury Department, Revenue Office, December 29, 1802. 

WILLIAM MILLER, Jr., Commissioner of the Revenue. 



1803.] 



INTERNAL REVENUES. 



15 



B — Continued. 

A Statement of the duties upon Licences granted to retailers of f fines and Forcigti Dinlilled Spirits, during the 

year ending upon the 3lst December, 1801. 





NUMBER OF LICENCES. 


AMOUNT OF DUTY IN 


IN WHAT DISTRICT. 


■\VilK-. 


Spirits. 


EACH DISTRICT. 


New Hampshire, ------ 

Massacluisetts, ------ 

Rhode Island, ------ 

Connecticut, ------ 

Vermont, ------- 

New York, ------- 

New Jersey,* ------ 

Pennsylvania, ------ 

Maryland, ------- 

Virginia, - - - • - , . 
Delaware, .-----. 

Ohio. ------- 

Tennessee, ------- 

North Carolina, ------ 

South Carolina, ------ 

Georgia,* ------- 


91 

569 

39 

300 

61 

906 

50 

606 

272 

349 

60 

14 

13 

86 

111 

29 


581 

2.409 
301 

1,021 
301 

2.117 
139 

1,009 

564 

972 

125 

13 

13 

378 

287 

52 


$3,360 

14,880 

1,70!) 

6,605 

1.810 

15,115 

945 
8,075 
4,180 
6,605 

925 

128 74 

130 
2,320 
1.990 

405 


Total, 


3,556 


10.282 


S69.173 74 



• Abstracts from New Jersey for the last half year, and from Georg-ia for the last quarter, not rendered. 
Treasury Department, Revenue Office, December 29, 1802. 

WILLIAM MILLER. Jr., Commissioner of the Revenue. 



B — Continued. 

Statement of the duties on Saks at Auction, during the year ending on the 31.s/ December, 1801. 





Amount of pur- 


Amount of pur- 


Gross amount 


Auction'rs' allow- 


Amount of duty 


IN WHAT DISTRICT. 


ch;ise money, 


chase money, 


of duties. 


ance thereon, 


parable in each 




at i per cent. 


at 3 per cent. 




at 1 per cent. 


District. 


New Hampshire, 


823,407 41 


S7.554 54 


f<9& 36 


87 


895 49 


Massachusetts. 


579,458 99 


3.242,182 20 


17.659 41 


817G 03 


17,483 38 


Rhode Island, 


14,876 24 


91,789 43 


496 06 


4 90 


491 16 


Connecticut, 


21,893 75 


32,556 14 


217 52 


2 15 


215 37 


Vermont. 


- 


104 41 


52 




52 


New York, 


524,295 15 


3,298,623 05 


17.803 46 


177 79 


17.625 67 


New Jersey,* 


10,677 25 


7,732 54 


65 33 


61 


64 72 


Pennsylvania. 


266,072 54 


2,357,184 37 


12.451 01 


124 37 


12.326 64 


Delaware, 


4,810 47 


10.260 61 


63 32 


58 


62 73 


Maryland, 


225.505 95 


1,440,189 84 


7,764 48 


77 46 


7,687 02 


Virginia, 


90.039 69 


812,024 26 


4,285 26 


42 43 


4.242 82 


Ohio, 


336 00 


2,194 52 


11 81 


12 


11 69 


Tennessee. 












North Carolina, - 


11.137 87 


69,671 14 


376 19 


3 76 


372 43 


South Carolina. - 


72.869 43 


849,682 28 


4.430 38 


43 86 


4.386 52 


Georgia, 


- 


213,347 9S 


1,067 30 


10 62 


1,056 68 


Total. 


$1,845,380 74 


812,435.097 31 


866,788 41 


8665 55 


866.122 M 



Abstracts from New .Terscy for the last half vear, not rendered. 



Treasury Department, Revenue Office, December 29, 1802. 

WILLIAM MILLER, Jr., Commissioner of the Revenue. 



16 



FINANCE. 



[1803. 



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1803.] 



INTERNAL REVENUES. 



17 



B — Continued. 

Jl Statement of the duties upon Stamped Vellum. Parchment, and Paper, during the year etiding upon the 31s; 

December, 1801. 







SALES. 




Commutation of 
1 per cent, re- 
ceived on bank 


Fines and pen- 
alties. 


Nett amount 
accruinijin each 










district. 


IN WHAT DISTRICT. 


Gross amount. 


Discount allow- 
ed on purchases 
of $10 and up- 
wards. 


Nett amount. 


dividends. 






New Hampshire, - 


$4,297 49 


$158 91 


$4,138 57 


$132 40 


$20 00 


$4,290 97 


Massacliusetts4 


37,995 19 


2,557 59 


35,437 60 


2,049 96 


40 00 


37,527 56 


Rhode Island, 


6,478 15 


408 26 


6,069 89 


503 50 


20 79 


6,594 18 


Connecticut, 


7,362 09 


207 60 


7,154 48 


230 72 


30 00 


7,415 20 


Vermont, 


1,146 01 


8 44 


1,137 57 


- 




1,137 57 


New York, - 


62,107 04 


3,984 94 


581,22 10 


2,752 49 


119 48 


60,994 07 


New Jersey,* 


2,344 16 


38 43 


2,305 73 


- 




2,305 73 


Pennsylvania, 


51,756 43 


3,330 57 


48,125 86 


12,542 80 


208 45 


61,177 11 


Delaware, 


1,770 28 


88 05 


1,682 22 


110 00 


20 35 


1,812 57 


Maryland, 


30,573 18 


1,616 99 


28,956 19 


1,963 79 


30 00 


30,949 98 


Virginia, 


22,838 54 


359 70 


22,478 84 


439 66 


183 85 


23,102 35 


Ohiof, 


79 30 


5 41 


73 89 


- 




73 89 


Tennessee, 


736 88 


17 46 


719 42 


- 


51 04 


770 46 


North Carolina, 


6,544 42 


21 25 


6,523 17 


- 


80 25 


6,603 42 


South Carolina, 


20,510 25 


1,228 22 


19,282 03 


750 00 


81 05 


20,113 08 


Georgia,* 


3,026 59 


4 62 


3,020 97 


- 


152 50 


3,173 47 


Total, 


$259,566 00 


$14,36 44 


$245,528 53 


$21,475 32 


$1,037 76 


$268,041 61 



* Abstracts from New Jersey for the last half year, and from Georgia for the last quarter, not rendered. 

I Abstracts of sales by the collectors in Ohio District, not rendered. 

t Abstracts of sales by the collectors in Massachusetts District, for the last half year, not rendered. 

Treasury Department, Revenue Office, December 29, 1802. 

WILLIAM MILLER, Jr., Commissioiier of the Pevenite. 



A General Statement of the duties upon domestic distilled Spirits and Stills, refined Sugar, Licences to retailers of 
JFine and foreign distilled Spirits, Sales at .Auction, Carriages for the conveyance of persons, and stamped 
Vellum, Parchment, and Paper, during the year ending the 31«/ of December, isoi . 





Domestic dis- 


Stills. 




Refined 


su- 


Licences to 


Sales 


at 


Carriag-es 


Stamps. 


Amount of 


In what District. 


tilled spirits. 






gar. 




retailers. 


Auction. 


for the con- 




duty in each 






















veyancce 




District. 






















of persons. 






N. Hampshire, 


$9 


66 


. 








$3,360 00 


$95 


49 


$2,029 58 


$4,290 97 


$9,785 70 


Massachusetts, 


410,233 


91 


$1,060 59 


$6,129 


08 


14,880 00 


17,483 


38 


15,251 81 


37,527 56 


232,566 33 


Rhode Island, - 


20,221 


47 


- 




1,723 


18 


1,700 00 


491 


16 


1,427 00 


6,594 18 


32,156 99 


Connecticut, - 


1,785 


08 


5,870 


43 


- 




6,605 00 


215 


37 


5,329 (-6 


7,415 20 


27,220 14 


Vermont, 


18 


32 


168 


90 


- 




1,810 00 




52 


225 42 


1,137 57 


3,360 73 


New York, 


8,037 


54 


6,544 


32 


28,849 


15 


15,115 00 


17,625 


67 


6.592 14 


60,994 07 


143,757 89 


New Jersey, - 


- 




4,313 


39 


- 




945 00 


64 


72 


414 69 


2,305 73 


8,043 53 


Pennsylvania, - 


1,418 


35 


89,771 


06 


28,400 


73 


8,075 00 


12.326 


64 


8,376 57 


61,177 11 


209,545 46 


Delaware, 


- 




1.485 


78 


- 




925 00 


62 


73 


2,708 73 


1,812 57 


6,994 81 


Maryland, 


- 




21,491 


69 


10,955 


08 


4,180 00 


7,687 


02 


8,299 19 


30,949 98 


83,562 96 


Virginia, 


217 


51 


67,261 


29 


482 


43 


6,605 00 


4,242 


82 


13,532 92 


23,102 35 


115,444 32 


Ohio, 


- 




22,733 


06 


- 




128 74 


11 


69 


147 83 


73 89 


23,095 21 


Tennessee, 


- 




8,478 


70 


- 




130 00 


- 




77 83 


770 46 


9,456 99 


North Carolina, 


- 




18,174 


90 


- 




2,320 00 


372 


43 


5,005 48 


6,603 42 


32,476 23 


South Carolina, 


6,717 


37 


8,048 


70 


- 




1,990 00 


4,386 


52 


4,356 9(j 


20,113 08 


45,612 63 


Georgia, 


- 


21 


1,667 


22 


- 




405 00 


1.056 


68 


151 00 


3,173 47 


6,453 37 


Total, 


$178,659 


257,070 


03 


76,539 


65 


69,173 74 


66,122 


84 


73,926 21 


268,041 61 


989,533 29 



By referring to the notes which are annexed to the preceding statements, it will be found that some abstracts are 
still wanting to complete the statement of duties fiu; the year 1801, viz: 

From the District of New Jersey the abstract of duties on Licences to retailers, on Sales at Auction, on Car- 
riages, and on Stamps for the last halt year. 

From the District of Georgia, the abstract of duies on Stills, for the last half year, on Licences to retailers, on 
Carriages, and on Stamps, for the last quarter. 

From the District of Ohio, abstracts of sales of Stamps by collectors, for the whole year; and 

From the District of Massachusetts, abstracts of sales of Stamps by collectors, for the last half year. 

Treasury Department, Revenue Office, December 29, 1802. 

WILLIAM MILLER, Jr., Commissioner of the Revenue. 



18 



FINANCE. 



[1805 



The following sums tvere received from the Supervisors of the Revenue, by the Treasurer of the United States, 

during the year 1800, viz. 



In tl>e first quarter. 
Second ilitto, 
Thirtl ditto. 
Fourth ditto. 



On account of the 
Internal Revenue. 



$228,450 61 
253,372 22 
243,260 78 
323,003 82 



$1,048,087 43 



On account of the 
direct tax of two 
milhons of dollars. 



$194,217 13 

170,034 35 

93,058 71 

77,033 19 



$534,343 38 



Which sums were received from the following Districts, viz: 



New Hampshire, 
Massacluisetts. 
Rhode Island, 
Connecticut, 
Vermont. 
New York, 
New Jersey, 
Pennsylvania, 
Delaware, 
Maryland, - 
Virginia. 
Ohio, 

Tennessee, 
North C;:rolina, 
South Carolina, 
Georgia. 



On account of the 
Internal Revenue. 



Total, 



$16,236 81 

228,742 01 

30,788 70 

36,844 97 

2,294 00 

123.302 89 

22,801 08 

214,179 33 

7,188 17 

96,438 22 

135.055 14 

16,128 58 

8.814 62 

44,939 79 

54.687 16 

9.646 02 



On account of the 
Direct tax. 



$13,426 68 

73.250 00 

7.050 00 

4,400 00 

8,137 30 

117.720 57 

17.713 30 

54,549 55 

5,468 00 

73,000 00 

154,531 24 

4,000 00 

1,096 74 



$1,048,087 43 



$534,343 38 



Treasury Department, Revenue Office. December 29, 1802. 

WILLIAM MILLER. Jr.. Commissioner of the Revenue. 



7th Congress.] 



No. 191. 



[2d Session. 



M I N T. 



COMSIUNICATED TO CONGRESS, JANUARY 11, 1803. 



Gentlemen of the Senate 

and of the House of Reprcsetitatives: 
I transmit you a report, received from the Director of the Mint, on the subject of that institution. 
January 11. 1803. TH: JEFFERSON. 



MixT OF THE United States, 1st January, 1803. 

The Director of the Mint of the United States begs leave respectfully to make his annual report on the issues 
and state of the mint. 

He is happy to inform the President that the bullion, deposited in the mint durins; the past year, has far exceeded 
what was expected at the beginning ot it, notwithstanding the considerable check given to deposites. for sometime, 
by frequent reports Irom the seat of Government, during the last session of Congress, that the mint would be abo- 
lished. 

Since the 1st day of January. 1S02. there has been issued from the mint a sum, amounting, in the whole, to five 
hundred and sixteen thousand one hundred and fifteen dollars and eighty -tliree cents, as wifl appear in detail by 
schedule No. 1. iiereunto annexed, which have been added to the current coin of the Union. Of this sum. one 
hundred and twenty nine tli.msa;id seven hundred and thirty dollars and ninetv one cents, in value, in gold, have 
been coined from bullion and §old dust imported into the United States, and" collected to the mint, as a centi-e. 
from the difterent parts of the Lnion. The balance of the gold coinage has been coined from clipped, plugged, and 



1803.] 



THE MINT. 



19 



otherwise spoiled foreign coins, which have been sent to the mint as bullion. Had not this whole sum been coined 
in the United States, it must have been remitted to the European markets, in which case the freight, insurance 
and commissions, with the profits on the cents, would have amounted to a sum nearly equal to the current ex- 
penditures of the mint. 

All these deposites were private property, the certificates for which were sold, generally, as soon as given, to the 
banks in this city, at a fourth and a half per cent, discount for the delay of coinage. The banks are fond of keepin-^ 
the coin in their vaults, as part of tlieir capitals, on account of the ease with which tliey are counted, without the 
trouble of weighing. The Bank of the United .States, indeed, having a considerable part of their specie in this 
coin, have been enabled, for some time past, to cancel their five dollar notes, and to substitute the payment of half 
eagles, by which our coins begin to be more generally dispersed among the people. 

There have never been any of the precious metals coined on account of the Government of the United States. 

Comparative issues from the mint, for several years past, will appear by schedule No. 2, also hereunto annexed. 
The current expensesof the mint, for the past year, have amounted to seventeen thousand four hundred and sixty- 
two dollars and sixty-five cents, as will appear froui schedule No. ."5, from which the profits on the copper coina'^e 
amounting to $5.6-11 33 should be deducted. Besides the cents on hand, we have near twenty-four tons of copper- 
planchettes ready tor striking; the coinage of which are in daily operation, at the rate of fifteen thousand cents a day. 

It is a duty incumbent up:)n the Director of the Mint respectfully to call the President's attention to the expira- 
tion of the law ot the United States, for continuing the mint at Philadelphia, on the 4th of March next, by its own 
limitation. It, therefore, becomesabsolutely necessaiy that the subject should be brought before Congress, so early 
that provision may be made for the contingencj". If Congress should rise without doiiig any thing therein, the mint 
could not be continued in Piiiladelphia, with propriety; neither could it be removed to theseat ofGoveinment, ibr 
want of a law to authorize it. 

It is but doing justice to merit to say, that the officers of the mint, concerned in the coinage, and the workmen, 
have greatly increased in tlieir professional knowleilge, and have acquitted themselves with strict integrity, and 
particular attention to their several departments, for many years past; so that not a dollar has been last, except 
in one solitary instance, when the culprit was detected by tlieir assiduity and care, prosecuted and punished, and it 
was by their exertions that the mint was kept open during the late distress of the city, by the fever of last summer. 

If the mint should remain in its present situation, there will be a necessity of, at least, two additional horses^ 
and some repairs to the machinery.— part of it having been repaired, the past year, from necessity. At least five 
hundred dollars will be necessary, in that case, to be added to the usual estimate, to be appropriated for the purchase 
of horses, and further repairs to the present machinery. 

All which is respectfully submitted to the President, by his very obedient and humble servant. 



To the President of the United States. 



ELIAS BOUDINOT, Director. 



An abstract of the Coins struck at the Mint of the United States, from \st January to 3I.s/ December, 1802. 

Gold Coins. 



Quarter ending 31st Marcli, 1803, 
Do. 30th June, do. 

Do. 30th September, do. 

Do. 31st December, do. 



Eag'les. 



1,416 

6,789 
3,885 



Half Eagles. Quarter Eag-l's 



10.076 

42,748 
352 



15,090 



53,176 



1,654 
958 



2,612 



Dollai-s. 



94,540 
213.740 

73.785 
41.285 



Total amount of Gold Coins, 

Silver Coins. 



Quarter ending 3 1st March, 1801 
Do. do. 30th June, do. 
Do. do. 30th Sept. do. 
Do. do. 3lst Dec. do. 



DoUars. 



9,841 

957 

8,710 

22,142 



41,650 



Half DoUars. 



,910 



21,980 



29,890 



Dimes. 



10,975 



10,975 



Half Dimes. 



2.550 
10.460 



13,010 



Dollars. Cts. 



13.923 50 
2.577 50 
8,710 00 

33,132 00 



Total amount of Silver Coins, 

Copper Coins. 



Quarter ending 31st March, 1801, 
Do. do. 30th June, do. 

Do. do. 30th Sept. do. 

Do. do. 31st Dec. do. 



Cents. 



976,600 
1.004.000 

861.000 
593.500 



3,435.100 



Half Cents. 



8,200 
6,166 



14,366 



Dolls. Cts. 



Totals. 



423,350 00 



58,343 00 



9,766 00 

10.040 00 

8,651 00 

5,965 83 



Total amount of Copper Coins, - - _ - 

Total amount of Coins issued by the mint, from 1st January, to 31st December, 1802, inclusive. 



34,422 83 



$516,115 83 



Mint of the United States, Treasurer's Office, Philadelphia, 2\st December, 1802. 

For BENJAMIN RUSH. 
G. EHRENZELLER. 



20 



FINANCE. 



[1803, 



Comparative statement of the coins issued by the Mint of the United States, from the year 1798 to 1802, inclu- 
sive, viz. 



1798 



1799 



1800 



1801 



1802 



7,974 eagles, 
24,867 half ditto, 
614 quarter eagles, 

327,536 dollars, 
27,550 dimes, 

979,700 cents, 

17.483 eagles, 
7,451 half ditto J 
480 quarter ditto, 

423,515 dollars, 
904,585 cents, 
12,167 half cents, 

25,965 eagles, 

11,622 half eagles, 

220,920 dollars, 
21,760 dimesj 
24,000 half dimes, 

2,822,175 cents. 
21 1,530 half cents, 

29,254 eagles, 
26,006 half eagles, 
54,454 dollars, 
30,289 half dollars, 
34,640 dimes, 
33,910 half dimes, 
1,362,837 cents, 

15,090 eagles, 
53,176 half eagles, 
2,612 quarter eagles, 
41,650 dollars, 
29,890 half dollars, 
10,975 dimes, 
13,010 half dimes, 
3,435,100 cents, 
14,366 half cents, 



I 



Dollars. 



79,740 

124,335 

1.535 



327,536 
2,755 



174,830 

37,255 

1,200 



Gold. 



205,610 



213,285 



317,760 



422,570 



423,350 



1,582,575 



Silver. 



330,291 



423,515 



224,296 



74,758 



58,343 



1,111,203 



Copper. 



9,797 



9,106 68 



29,279 40 



13,628 37 



34,422 83 



Totals. 



545,698 00 



645,906 68 



96,234 28 



571,335 40 



510,956 37 



516,115 83 



2,790,012 28 



Mint of the United States, Treasurer's Office, Philadelphia, 3lst December, 1802. 

For BENJ. RUSH, 

G. EHRENZELLER. 



^n Abstract of the Expenditures of the Mnt of the United States, from 1st January to i\st December, 1802, 

inclusive. 





Salaries. 


Wages. 


Incidental. 


Totals. 


Quarter ending March, 1802, ...... 

June, ...... 

September, ...... 

December, ...... 


$2,650 
2,650 
2,650 
2,660 


$1,460 27 
1,434 23 
1,508 28 
1,436 67 


$141 42 
192 41 
225 97 
463 40 


$4,251 69 
4.276 64 
4,384 25 
4,550 07 


Dollars, 


10,600 


5,839 45 


1,023 20 




Total amount of the expenditures of the mint, during the year 18( 


)2, 


• 


• • 


$17,462 65 



Mint of the United States, 

Treasurer's Office, Philadelphia, 3lst December, 1802. 



For BENJAMIN RUSH, 
» G. EHRENZELLER. 



1803.] 



EXTENSION OF DUTY BONDS. 



21 



A Statement of the gain on Copper coined at the Mint of the United States, from the 1st January to the 31sf 

Decem,ber, 1802. 



5,101 13 



415 87 



23,205 83 



5,700 00 



34,422 83 



Balance remaining in the coiner's hands, uncoined, on the 31st 
December, 1801, being part of the invoice entered 18th Septem- 
ber, 1801, amounting to ..... . 

On which tliere was a profit of $1,918 38. This sum will bear the 
proportion of said profit, of ..... 

454 03 Gained in the weight of above copper, per entry of lOtli February, 
1802, . . . . . - . 

Deduct, for an error in invoice, as entered 18th September, 

1801, , . •.;.•. : • . 11 67 

38 16 Deduct, for returned by chief coiner, in spoiled planchettes 
and clippings, which will be used for alloying, per entry 
14th Augusl, . . . . . . . 38 16 



23,350 41.5 Amount of invoice entered 22d December, 1801, and delivered to 
chief coiner on tiie 20th February, 1802, on which there was a 
profit, ........ 

Deduct allowed 4th October, 107 91.5 to coiner for loss in weight. 
Do. returned 17th November, 36 67 by do. in copper clippings. 



144 58.5 . 



144 58.5 



10,998 75 Amount of invoice entered 18th October, 1802, on which there was 
a profit of ....... . 

5,298 75 Deduct, so much remaining yet in the hands of the chief coiner, 
uncoined, will take a proportion of the above profit, 



Amount of copper coined in the year 1802. 

Amount of profit on coining the above quantity. 



18,741 17 



454 03 



49 83 



3,676 07.5 



144 58.5 



2,289 43 
1,102 96 



522 16 



404 20 



3,531 49 



1,186 47 
5,644 32 



Mint of the United States, 

Treasurer's Office, Philadelphia, 31sf December, 1802. 



For BENJAMIN RUSH. 
G. EHRENZELLER. 



7th Congress.] 



No. 192. 



[2d Sb 



EXTENSION OF DUTY BONDS. 

communicated to the house of representatives, JANUARY 14, 1803. 

Mr. Randolph, from the Committee of Ways and Means, who were instructed " to inquire into ('le expediency 
of prolonging the terms of payment on bonds due by merchants who may have been sufferers by tl>e late fire at 
Portsmouth, in New Hampshire," reported tiie following resolution; 

^.csolved. That the Committee of Ways and Means be directed to prepare and report a bill to authorize the 
Secretary of the Treasury to suspend, for a limited time, the collection of bonds due to the United States by mer- 
chants of Portsmouth, New Hampshire, who have suffered by the late conflagration of that town. 



Sir: 



Treasury Department, January 11th, 1803. 



I have the honor to enclose the copy of a letter of the Collector of Portsmouth, in New Hampshire. The 
calamity which has lately afflicted that town, is so extensive, that, if a decision depended upon me, I would feel 
inclined to grant the prolongation of credit requested in favor of tiie suffijrers. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
Hon. S. Smith, Chairman of the Committee of Commerce and Manufactures. 



Sir: 



Collector's Office, District of Portsmouth, December 29, 1802. 



The greatest calamity that ever befel the town of Portsmouth took place on Sunday last, of which the New 
Hampshire Gazette, now enclosed, gives some of the particulars. The store employed for containing public pro- 
perty, as well as the custom house, was consumed. But I have the satisfaction to inform you, that the books and 
papers of the custom house were all secured, and the loss sustained was only the stamping press, the scales and 
weights, and some stores belonging to the revenue cutter. The weights can be restored to use. The office furni- 
ture was consumed. 

Among the sufferers are several persons indebted to the United States on bonds for duties, which the present 
calamity will render distressing to them to discharge at the terms they are payable; and it would greatly relieve, 
and be singularly gratifying, to such, if a prolongation of the term of credit could be authorized by ;an act of Con- 
gress, as it is now in session, and which would tend to evince the continued attention of the Government to relieve 
the distresses of the People. 

I have the honor to be, with perfect respect, sir, your most obedient servant, 

JOSEPH WHIPPLE. 

The Hon. Albert Gallatin, Esq. 

4 tt 



FINANCE. [1803. 



7th Congress.] No. 193. [2d Session. 

ENCOURAGEMENT TO MANUFACTURES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, FEBRUARY 4, 1803. 

TTie memorial of the subscribers, gun manufacturers, in the borough of Lancaster, in the Commonwealth of Penn- 
sylvania, respectfully shouieth: 

That your memoralists have seen, with deep and attectiiig concern, a resolution, to exempt from impost duties, 
arms manufactured in foreign countries, pass in the House of Representatives of the United States. To extend the 
hand of power, and crusli tiie manufactures of our common country, in their most infant state, your memorial- 
ists would, in times more pressing than the present, consider impolitic: but, when, in the full enjoyment of order 
and peace, the various resources of our country excite improvement and accuinulate wealth, the manufacture of 
arms by ourselves, and for our own use, instead of receiving the fostering proteci ion of our Government, is defeated, 
after a successful experiment of its utility — your memorialists can beliohl no point of improvement upon which they 
can rest with stability; no manufacture, tliat promises to be permanent; no experiment, that will flatter them with 
patronage and encouragement. 

Encouraged by tiie Government of the State, in which your memorialists live, they have, at very great expense, 
established manufactures of arms, and, in conjunction with others in the State, have nearly completed twenty thou- 
sand stand, for the use of the commonwealth of Pennsylvania. Allured by this encouragement, they have increased 
their establishments, taken in and instructed apprentices, and excited, by their undertakings, a competition — a spirit 
of enterprise, among their fellow citizens, in this manufacture, so essential to national safety, national independence, 
and national reputation. If the independence and liberty of a nation depend upon the correspondence of its resour- 
ces to its wants, then is there no want so imminent now, which siiould be more necessitously supplied from the 
resources of our own country, than the manufacturing of arms. But, by giving a loose to the facility of importing 
arms, the Government of the United States will crush this manufacture in its infant establisliment, which your me- 
morialists hoped to see cherished — if not for tlie maintenance of the artist, at least for the safety of the country. 
Arms may be imported, but who will keep them in repair, after the dispersion of our journeymen and apprentices, 
who must engage in other pursuits, when the one they have been trained up in will cease to afford them subsistence? 
Will the day ot importation last forever? or will there never be a day when the manufacture of arms will be thought 
useful, and merit the protection of Government? A given stock of arms Mill be exhaustible in war, should it hap- 
pen; and from whence will it be supplied, if arms are to be pnicured in another country, when the very cause of 
the consumption will preclude the possibility of their iinportation? But the encouragement of such a domestic ma- 
nufacture will establish an inexhaustible stock of arms, in time of need; artists will be numerous, and manufactures 
convenient; the means will be easy, and their attainment certain. At considerable expense have your memorialists 
undertaken, and with some diificulty progressed in, the establishment of this manuiacture. Mills for the making of 
gun barrels have been erected; gun locks, and every other article in a gun, have been made in the best manner, and 
of the most substantial kind. The workmen, the execution, the machinery, and the demand, have all progressed 
apace with each other. A few years' more protection from Government, and this manufacture, in this country, we 
believe, will be too iirinly established to be destroyed by the importation of foreign arms. Break it up, by the reso- 
lution you have adopted, and it will not revive for ages: for no security can afterwards be given to its re-establish- 
ment, in which a prudent man will confide. But, your memorialists do not consider the manufacture of arms ex- 
clusively affected by this resolution, which passed your honorable House; they humbly conceive the principle of 
that resolution strikes deep at all our domestic manufactures: for, with this example before them, few manufac- 
turers will be disposed to place reliance on the improvement and permanency of any manufacture. Your memori- 
alists beg leave further to represent, that the manufacture of arms, in this State, is not merely circumscribed within 
the limits of the county of Lancaster; it is diffused over the State, equally progressing, in extent and improvement, 
throughout; and they confidently assert that twenty thousand stand of arms can be annually manufactured in this 
State. 

Your memorialists beg leave to call the attention of your honorable body to this extensive manufacture, in this 
State, and they would, with deference, ask, if it be prudent or politic to reduce it, by a single decision — to destroy 
it with one blow! If our sister States to the southward have not established, nor can now practically establish, such 
extensive manufactures of arms, they can here be supplied, on the same terms we have supplied our own Govern- 
ment; and thougii they may purchase arms cheaper in Europe than they can from the American manufacturer, yet, 
as they will suffer no grievance, when supplied on the same terms with other States, they should obtain no prefer- 
ence by being supplied by iinportation, and that, too, at the expense of destroying a usetul domestic manufacture. 

If these considerations can command the attention of the honorable the Congress of the United States, we trust 
and pray that the impost duty on arms will not be taken oft"; and that the encouragement of manufacturing them 
among ourselves, will be considered not only expedient, but necessary. 

And your memorialists, as in duty bound, will ever pray. 

January 28ih, 1803. JACOB DICKERT, 

PETER GONTER, 
ATRAM HENRY, 
JOHN GRAEFF, 
HENRY DEHULF, 
JACOB & JOHN HAEFFER, 
BENJAMIN HUTZ, 
ABRAHAM PIEPER, 
CHRISTOPHER GUxMPP. 



1803.] THE SINKING FUND. 23 



rth Congress.] No. 194. [2d Sessiok. 



SINKING FUND. 

COMMUNICATED TO^THE SENATE, FEBRUARY 7, 1803. 

The Commissioners of the Sinking Fund respectfully report to Congiess as follows: 

That the measures which have been authorized by the Board, subsequent to their report of the IGth ot December. 
1801, as far as the same iiave been completed, are fully detailed in the report of the Secretary of the Treasury to 
this Board, dated the third day of the present month, and in the proceedings of the officers of the treasury, dierein re- 
ferred to, which are herewith referred to, and prayed to be received as part of this report. 

All which is respectfully submitted, by ^ AARON BURR, 

Vice President of the Cnited States and President of the Senate. 
JAMES MADISON. Secretary of Slate. 
ALBERT GALLATIN, Secretary of the Treasury. 
LEVI LINCOLN, Attorney General of the U. S. 
Washington, February 5, 1803. 



The Secretary of the Treasury respectfully reports to the Comissioners of the Sinking Fund: 

That, since the date of the last report to Congi-ess, of the 16th December, 1801, and to the 1st January, 1802, tlie 
following parts of the principal of the public debt have been dischaiged: 

1st. In payment of instalments of six per cent, stock, viz. seventh instalment of tiie six per cent. 

stock, which, pursuant to the "Act making further provision for the support of public credit, ' 

and tor the redemption of the public debt," passed 3d March, 1795. and the act in addition 
tliereto, passed the 28th April, 179G. became payable for the year 1801, - $805,846 30 

First instalment of the deferred six per cent, stock, which, pursuant to the acts above 

recited, also became payable in the year ISOl, ----- 272,416 '24 



$1,078,262 54 
2d. In payment of the tenth and last instalment of the subscription loan for bank stock, due on 

the last day of December, 1801, -.-..-.. 200,00000 



Amounting to - - -• 1,278,262 54 

Which payments were made out of the following funds: 

1st. The interest fund on sums which accrued on the stock purchased, and transferred to the com- 
missioners of the sinking fund, in trust for the United States, as particularly stated in the 
document hereto annexed, marked B, 1801, -.-.-.. $312,282 68 

2d. The fund arising from the payment of debts whicli originated prior to the present constitution, 

as particularly stated in the document marked C, 1801, - - - . . 420 oo 

3d. Tlie funil arising from dividends on the capital stock which belonged to the United States, in 
the bank of said States, from 1st January, 1800, to 30th June, 1801, after deducting the interest 
on the subscription loan for the same period, as stated in the document marked D, 1801, - 94,320 00 

4th, The fund arising from the sale of public lands, being the amount drawn by the agent to the 
commissioners, pursuant to the act of third March, 1795, as stated in the document marked 
E, 1801, - - - - - - - - - - - - 162,021 29 

5th. The proceeds of the duties on goods, wares, and merchandise, imported, on the tonnage of ships 
or vessels, and on stills, and spirits distilled in the United States, appropriated by the 8th 
section of the act of 3d March, 1795, entitled '' An act making further provision for the sup- 
port of public credit, and for the redemption of the public debt," - - . . 709,218 57 

Making, in the whole, the amount of the reimbursements of the six per cent, stock, and the tenth 

and last instalment of the subscription loan for bank stock, as above stated, - - - $1,278,262 54 



That, besides the above mentioned reimbursements, there remained, at the close of the year 1801. an unapplied 
balance of ,2,513.846.9 guilders, applicable to the payment of the principal and interest of' the Dutch debt for the 
year 1802, and consisting of remittances purchasetl and paid for, before the first day of January, 1802, beyond the 
sums wanted to meet the demands in Holland during the year 1801. 

That, during the year 1802, the following disbursements were made out of tiie treasury, on account of the prin- 
cipal and interest of the public debt: 

1st. There was paid, on account of the reimbursement and interest of the domestic debt, the sum of $4. 654.699 61 

2d. On account of principal of moneys borrowed of the Bank of the United States, - - 1,290,000 00 

3d. On account of interest on domestic loans, ------- 162,025 00 

4th. On account of reimbursement of capital and interest of Dutch debt, exclusive of repayments 

into the treasury. ■,."." " ' ' " - - - 3,243,065 91 

5th. On account of debts due to foreign officers. ------- 7,994 92 

6th. On account of certain parts of the domestic debt, ------ 14,96684 



$9,372,752 28 



Which disbursements were made out of the following funds: 

1st. From the funds appropriated by the first section of the '"Act for the redemption of the whole of the public 
debt," viz: 

From the fund arising from interest on the domestic debt, transferred to the commissioners of the sinking fund, as 
per statement herewith for 1802, marked B, ------- $326,44992 

From the fund arising from payments into the treasury, of debts which oiiginated under the late Go- 
vernment, as per statement herewith for 1802, marked C, ----- 88879 

From the fund arising from dividends on the capital stock which belonged to tlie United States, in the 
bank of said States, from 1st July, 1801, to 31st December following, as per statement herewith, 
marked D, - - - - - - - - - - - - 33,960 00 

From the fund arising from the sales of public lands, being the amount of moneys paid into the trea- 
sury in the year 1802, as per statement herewith, marked E, ----- 179,57552 



FINANCE. [1803. 



From the proceeds of duties on goods, wares, and merchandise, imported, and on the tonnage of ships 

or vessels, -- ...------. 6,759,125 



Making, in the whole, the annual appropriation, by law, for the year 1802, under the act afore- 
mentioned, - - - - -,. .- : - - - - $7,300 000 00 

2d. From the proceeds oi goods, wares, and merchandise, miported, and on tonnage, advanced by 
the treasury in order to enable the commissioners in Holland to make the payments in time, con- 
formably to the fifth section of the "Act making provision for the whole of the public debt," and 
being in part, and on account of, the annual appropriation of $7,300,000, for the year 1803, - 785,152 38 

3d. From the proceeds of 2,220 shares of the capital stock of the Bank of the United States, which 
have been sold, in pursuance of the "Act making provision for the payment of certain debts of 
the United States," the proceeds of which have been placed in the treasury, as appears from the 
proceedings of the accounting officers, herewith transmitted, marked F, - - - 1,287,600 00 

$9,372,752 28 



That the above menti(med disbursements, made during the year 1802, and amounting to $9,371,752 28, together 
with the above mentioned balance of 2,313,840.9 guilders, which remained unexpended on the first January, 1802, 
have been applied as follows, that is to say: 
1st. To the payment of the interest which, during the year 1802, accrued on the whole of the public debt, including 

domestic loans, ----------- $4,065.738 47 

2d. To the reimbursement of the following parts of the debt of the United States, which have been discharged 

during the year 1802, viz: 
Temporary loans obtained of the Bank of the United States, from the proceeds of two thousand two hundred and 

twenty shares of bank stock, - - - - - - - - - $1,287,600 

From the proceeds of duties on merchandise and tonnage, - - - - - - 2,400 

Instalments of the Dutch debt which became due by contract in 1802, viz: 

Guilders at 40 cts. 
Second instalment of two millions loan, of 4th March, 1874, - - - . 250,000 

Fifth and last instalment of one million loan of 1st January, 1787, - - . - 200,000 

Fourth instalment of one million loan, of 13th March, 1788, ----- 200,000 

Third instalment of three millions loan, of 1st February, 1790, - - - - 600,000 

First instalment of two millions five hundred thousand loan, of 2d March, 1791. - - 500,000 

First instalment of two millions and fifty thousand loan, of 30th November, 1791, - - 410,000 

First instalment of six millions loan, of 14th December, 1791, - - - - 1,200,000 

3,360,000 
At 40 cents, - - 1,344,000 



Making, together, the sum of - - - $2,634,000 

3d. To the provision necessary for the reimbursement of the eighth instalment of the six per cent, stock, and the 
second instalment of the deferred six per cent, stock, becoming payable the 1st January, 1803, estimated at the 
sum of --..--------- $1,117,869 37 



And that, besides the above mentioned reimbursement and payments, there remained, at the close of the year 
1802, exclusively of the amount of sundry protested bills still outstanding, and of unexpended balances in the hands 
of agents, an unapplied balance, estimated at 5,914.006.10 guilders, applicable to the payment of the principal 
and interest of the Dutch debt for the year 1803, and consisting of remittances purchased and paid for before the 
first day of January. 1803, beyond the sums wanted to meet the demands in Holland during the year 1802. 

No purchases of the debt of the United States have been made since the date of the last report to Congi-ess; and 
the accompanying statement, marked A, exhibits, for the years 1801 and 1802, respectively, the operations at the 
treasury in the transfer of stock to the commissioners of the sinking fund, in trust for the United States, upon the 
reimbursement of the foreign debt, in the years 1800 and 1801, and include, also, the sums in the several species of 
stock transferred in each of those years, in payment for lands sold belonging to the United States, that is to say: 
In 1801, ------- $23,816 58 

In 1802, ------- 15.518 49 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury, 
Treasury Department, February 3, 1803. 



1803.] 



THE SINKING FUND. 



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2g FINANCE.- [1805. 



B— 1801. 




agreeably 



1802, March -27, warrant No. 1,674 . U?i,^59 \^ 

' Tune 25, 1,926, ' . • 65,508 67 

September 25, 2,217, 63,540 26 

December 26, 2,474, U9,9^4: 66 

$312,282 68 
Treasury Department, i?e5"f«'er's0^cf, Z)ecem6er 21, 1802. 



JOSEPH NOURSE, Register. 



C— 1801. 



Statement of moneys received at the Treasury in the year 1801, from the payment of old debts which originated prior 
to the present consiitution, being the amount drawn by the agent to the trustees for the redemption of the public 
debt on the llth December, 1801, pursuant to the act of the 3d March, 1795, and agreeably to a statement made 
at the Treasury, No. 13,110, dated February 5, 1802. 

From Edward Carrington, late deputy quartermaster general, on account of public property sold, S420 00 
Treasury Department, Register's Office, December 21, 1802. 



JOSEPH NOURSE, Register. 



D— 1801. 



Statement of moneys arising from dividends on the cctpilal stock ivhich belonged to the United States, in the bank of 
said States, from 1st January, 1800, to the 30th June following, after deducting the interest on the subscription 
loan for the same period, being the amount draivn by the agent to the trustees for the redemption of the public 
debt, pursuant to the act oftheSd March, 1795, and agreeably to a statement made at the Treasury, No. 13,110, 
dated February 5, 1802. 

1801,December 11. Warrant No. 2,435, $94,320 00 

Treasury Department, Register's Office, December 21, 1802. 



JOSEPH NOURSE, Register. 



E— 1801. 



Statement of moneys received into the Treasury in the year 1801, /ram the sale of public lands, being the amount 
drawn by the agent to the trustees for the redaction of the public debt, pursuant to the act of the 3d March 
1795, and agreeably to a statement made at the Treasury, No. 13,110, dated February 5, 1802. 

1801, December 11. Warrant No. 2,436, - $162,021 29 

Treasury Department, Register's Office, December 21, 1802. 

JOSEPH NOURSE, Register. 



1803.] 



THE SINKING FUND. 



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2« FINANCE. [180S. 



B. 

Sfnfement of moneys arising from interest on stock transferred to the United States; being the amount drawn by 
the asenlto the trustees for the redemption of the public debt, pursuant to the act of the 8th May, 1792, and agree- 
ably to a statement made at the Treasury, No. 14,084, dated 20th January, 1803. 

1802, March 26, Warrant No. 2,729, ------- $70,685 78 

Tune 28. 3,041, '0^23 17 

September 27, 3,280, 70,827 51 

December 28, 3,495, -------- "4,213 46 

$326,449 92 



Treasury Department, Register'' s Office, January 28, 1803. 

iREAsuRYUEPARiMi-N , s J/ JOSEPH NOURSE, i?c§-ts<er. 



Statement of moneys received at the Treasury in the year 1802, from the payment of old debts which originated 
prior to the present constitution, being the amount drawn by the agent to the trustees for the redemption of the 
public debt, on the 28th December, 1802, pursuant to the act of the 3d March, 1795, and agreeable to a statement 
made at the Treasury, No. 14,084, dated January 20th, 1803. 

From Edward Carrington, late deputy quartermaster general, ----- $38816 

From Henry Miller, late assistant commissary, ------- 50063 



Treasury Department, Register's Office, January 28, 1803. 

D. 



$888,79 
JOSEPH NOURSE, Register. 



Statement of moneys arising from dividends on the capital stock which belonged to the United States, in the bank 
of said States, from the 1st Jidy, 1801, to the "ilst December following, after deducting the interest on the sub- 
scription loan for the same period, being the amount draicn by the agent to the trustees for the redemption of the 
public debt, pursuant to the act of the 3d March, 1795, and agreeably to a statement made at the Treasury, No. 
14,084, dated 20th January, 1803. 

1802, December 28. Warrant No. 3,493, - $33,960 00 

Treasury Department, Register's Office, January 28, 1803. ,^c,r.T.TT ^-^t^t.ot, ^ • 

JOSEPH NOIjRSE, Register. 

E. 

Statement of moneys received into the Treasury in the year 1802, from sales of public lands, being the amount 
drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the 3d March, 
1795, and agreeably to a statement made at the Treasury, No. 14,084, dated 20th January, 1803. 

1802, December 28. Warrant No. 3,492, ------- $179,575 52 

Treasury Department, Register's Office, January 28, 1803. ,,,„^„,, ^.^^.^r.^ 

JOSEPH NOURSE, Register. 

F. 

Treasury Department, Auditor's Office, January 14, 1803. 
No. 14,065. 

I have examined and adjusted an account between the United States and Alexander Baring, and find that he 
is chargeable on said account — 

To amount of 2,220 shares owned by the United States in the stock of the Bank of the United States, sold and 
transferred to him in the month of June, 1802, in pursuance of an agreement made with the Secretary of the 
Treasury, on behalf of the commissioners of the sinking fund, at $580 per share, - - - $1,287,600 

I also find tliat he is entitled to credit on said account — 
By treasury warrants, for amount of warrant No. 583, dated 30th June, 1802, drawn on him in favor of the 
treasurer, - - 1,287,600 



The statements, documents, and cancelled warrants, on which this report is founded, are herewith transmitted, 
for the decision of the Comptroller of the Treasury thereon. 

R. HARRISON, Auditor. 
To Gabriel Duvall, Esq. Comptroller of the Treasury. 

Treasury Department, Comptroller's Office, January 21, 1803, 

Admitted and certified. 

G. DUVALL. 
To the Register. 



1803.] 



ENCOURAGEMENT TO MANUFACTURES. 



29 



Dr. 



F — Continued. 
Alexander Baring in account with the United States. 



Cr. 



To amount of 2,220 shares owned by the United States in tlie stock of 
the Bank of the United States, sold and transferred to him in the 
month of June, 1802, in pursuance of an agreement made witii the 
Secretary of the Treasury, on beliaif of tKe commissioners of the 
sinking fun d, at $580 per sh are, - - $1,287 600 



By treasury warrants for amount of war- 
rant No. 582, dated the thirtieth June, 
1802, drawn on him in favor of tlie 
treasurer, - - $1,287,000 



P. FERRALL. 



Avditor's Office, January \ 4, 1803. 

Comptroller's Office, January 18, 1803. 

AN])REA\ ROSS. 

Treasury Department, Register's Office, January 25, 1803. 

I certify that the foregoing report and statement are true copies of tlie originals on file in this office. 

JOSEPH NOURSE, Register. 



'th Congress.] 



No. 195. 



[2d Session 



DUTY ON REFINED SUGAR 

communicated to the house of representatives, FEBRUARY 1), 1803. 

Mr. Randolph, from tlie Committee of ^^'ays and Means, to whom was referred the memorial of Charles Gartes 
and others, sugar refiners of the City of Baltimore, made the following report: 

That, by an act, passed during the last session of Congress, it is enacted that, from and after the 30th of June, 
1802, all internal duties on refined sugar shall cease and be discontinued, excepting such duties thereon as should 
have accrued, and remained outstanding, on, or before, that day. 

That.the petitioners complain of a construction given to this act, by the Treasury Department, whereby sugars 
refined before the above mentioned period, although not removed from the refinery until after its expiration, iTave 
been subjected to duty. 

This construction your committee believe to have been correct, for the following reasons: 

1st. The duty is laid, by the second section of the act imposing certain duties on snuff and refined sugar, upon 
all sugars refined after the 30th day of September, 1794, and was not levied on any sugars refined previous to that 
period, although subsequently removed. 

The act of rf^HJ??^, therefore, and not of removing the sugars, rcmlered them liable to the duty: and the pro- 
visions in relation to their removal from the refinery, were intended to render convenient and secure the collection 
of the duty, which, by the act of refining, had been incurred. On those sugars, therefore, which have been refined 
before the 30th day of June, 1802, (and on which the duties have not been satisfied) duties " had accrued, and did 
remain outstanding,"' although they might not have been removed, or sent out of the manufactory. 

2d. A contrary construction might have enabled the sugar refiners, by forbearing to remove their sugars from 
the time of passing the act repealing the duty, until the 1st of July, 1802. to CTade, altogether, the payment of 
those duties, during that period, to the manifest detriment of the revenue, and the evasion of the plain intention of 
the act in question. But, in consideration of the reduction of price, which, it is believed, did actually take place [in 
consequence of an expectation that the duties would cease to be collected after the 30th of June, 1803] and of the 
diversity of opinions which exist in relation to the construction of the law in question, the committee respectfully 
recommend the following resolution: 

Resolved, That no duty shall be collected on sugars, removed from the refinery since the 30th day of June, 1802, 
any law to the contrary notwithstanding. 



7th Congress.] 



No. 196. 



[2d Session. 



ENCOURAGEMENT TO MANUFACTURES. 

communicated to the house of representatives, February 21, 1803. 

Mr. Samuel Smith, from the Committee of Commerce and manufactures, to whom were referred the petitions and 
memorialsof the following manufacturers of the United States, to wit: Of the Franklin Association, and other 
journeymen printers, of comb makers, gun smiths, cork cutters, calico printers, cordwainers, paper makers, 
letter founders, makers of umbrellas, brushes, glas;^ stoneware, gunpowder, hats, and starch, praying for pro- 
tecting duties to be laid on the importation of articles of their respective manufactures, made the following report : 

That justice to the petitioners and sound policy point to the necessity of granting governmental aid for the pro- 
tection of such manufactures as are obviously capable of affording to the United States an adequate supply of their 
several and respective objects, either by admitting, free of duty, tlie raw article essential to their manufacture, and 
which cannot be procured in the United States, or by imposing a higher duty tlian is paid on those articles, to the 
ananufacture whereof our citizens are incompetent. 
5 tt 



FINANCE. [1803 



The committee take leave to observe, that the duties now payable on importation do not, in their opinion, ope- 
rate as protecting duties to our infant manufactures; because tiiat the duties on almost all the articles of consump- 
tion being nearly equal, the manufacturers of the United States are charged therewith in every thing they consume, 
and the journeyman being compelled to pay for every thing he consumes at least 28 per cent, more than he would 
be obliged to pay, if such duties did not exist, he must, of course, be paid in proportion for his labor. Your com- 
mittee are, theieibre, induced to believe that the present duties on imports operate an injury rather than a benefit to 
the manufacturer of the United States. 

Your committee refrain from pressing this important subject during the present session, as well because that the 
press of public business is such, that time sufficient could not be afforded for a proper discussion, as that they hope 
and expect that Congress will, at their next session, revise their laws laying duties on imports; as a preparation ior 
which the connnittee submit the following resolution: 

Uesolved, That the Secretary of the Treasury be, and he is, hereby, directed to prepare, and lay before Congress 
early in theii- next session, a plan for the laying new and more specific duties on goods, wares, and merchandise, imported 
into the United States, so as that the same shall (as near as may be) neither increase nor dimimish the present reve- 
nue arising to the United States Irom imports. 



7th Congress.] ]Vo. 197. [2d Session. 



ARREARS OF DIRECT TAXES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 1, 1803. ^ 

The Secretary of the Treasury, in obedience to the resolution of the House of Representatives, ot the twenty-fourth 

ultimo, respectfully reports: 

That, by the last returns, it appears that the uncollected arrears of the direct tax may be estimated at 367,600 
dollars and 73 cents, as will more fully apear by the letter of the commissioner of the revenue, hereunto annexed, 
and to which the Secretary begs leave also to refer, for the reasons which, in the opinion of the commissioner, have 
delayed the completion of the collection of that tax. 

That, amongst several other causes, the two most prominent impediments seem to have been, first, the difficulty 
of completing the assessments; and secondly, the length of the process necessary to effect a sale of unoccupied 
lands; which last cause has operated most forcibly in the States of Massachusetts, New York, Pennsylvania, Vir- 
ginia, and Kentucky. 

Tiiat the completion of the assessments was retarded in almost all the States, by the novelty of the experiment, 
in some, by the sparse situation of the inhabitants, in several, by the large quantity of unseated lands; and particu- 
larly, in the three Southern States, by an alleged want of a sufficient compensation for the commissioners and asses- 
sors, evidenced by successive resignations. 

That, in the State of North Carolina, the difficulty of obtaining assessors was increased by a disqualifying law of 
the State, and that, for almost a year, and until an extra compensation had been provided for by law, the abstracts 
were detained in that State, for want of persons to transcribe the assessment lists; for which reasons the tax did 
not become due there, till the month of November, 1801. 

That, in Georgia, the business was delayed one year, for want of a meeting of the Boaid of commissioners; and 
that the final proceedings of the Board, which were received at the treasury, in April, 1801, were, on account of 
numerous inaccuracies, returned, for the purpose of being corrected; which pi-evented the operation of the tax till 
January, 1802. 

And that, in South Carolina, the assessment, which is not yet completed, has been principally retarded by the 
difficulty ot obtaining a commissioner in the first district, in which five gentlemen, successively appointed commis- 
sioners, refused to act, two resigned, and one died. 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 

Treasury Department, February 28th, 1802. 



^ _ Treasury Department, Revenue Office, February 2d, 1803. 

On the subject of the enclosed resolution of the House of Representatives, I have the honor to submit the fol- 
lowmg information: 

The tax assessed on the States of Connecticut, New Jersey, and Delaware, has been collected and accounted for. 

1 he balances outstanding on the New Hampshire and Tennessee lists, were so much diminished, when the su- 
pervisors niade up their last returns, that I consider the collection thereof completed ere now. 

1 he situation of the other States, appears to be nearly as follows: 

Ihe sums to be collected and accounted for, by the collectors, amount to. 

In Massachusetts, --.-..- $9,904 89 

Rhode Island, -.-.-.. 4 833 05 

Vermont, - - - 4,896 38 

New York, ----.-.. 21,582 92 

Pennsylvania, --..-.. 30,733 70 

Maryland, ---..... 15 485 45 

yirS'i'ia, - - - - - - - 16,588 71 

Kentucky, -..-....- 24,236 25 

North Carolina, - - - - - _ . 85 474 78 



$215,788 13 

In the State of Georgia, the assessment was complete, and collectors were appointed for all the counties except 
Bullock anu Bryan; the col ection was then in progression throughout eighteen districts, but as no moneys had 
reached the supervisor's hands, the whole quota, amounting to $38,814 87, mav be accounted outstanding. 

As the report ot the commissioners, who were appointedin South Caiolina,1ias not made its appearance, the col- 
lection ot the quota of that State, which amounts to $112,997 73, will be delayed for some time longer. 



1803.") 



THE MINT. 



31 



The circumstances which have impeded the collection are numerous: but. as they have been very frequently the 
subject of discussion, it may not be deemed necessary to revert to all of them, in the present stage of the busines'^ 
If inaccuracies are observable iii any of the tax lists, they may be attributed, in a great degree, to a want of attention 
among the land holders, to the provisions and injunctions of the acts of Congress," which authoriz.ed the valuations 
&c.; and no adequate remedy can now be had for tliis evil. ' 

Although tlie compensations allowed to the collectors were not complained of in the populous districts, the rates 
whicii were originally establislied were too low for the newly settled parts of the country, and especially where 
there are large bodies of unproductive land owned by non-residents. As the i)rospect of an indemnity for their trou- 
ble and expenses was not flattering, the difticulty of obtaining good men to undertake the responsibility of collect- 
ing, &c. in such cases, was very much increased: and, in some instances, occasioned considerable delay. In some 
of the populous districts to the eastward, where theie are a great number of small taxes for dwelliii"- houses, of tlie 
first and second classes, and small lots owned and occupied by indigent person!^, with large families, atul scarcely 
any visible property, the trouble has been so nuich enhanced as to occasion a temporary suspension of the collection 
in some instances. 

In order to secure to individuals an opiwrtunity of investigating the dentands of collectors, a variety of measures 
were sanctioned by the act of Congress, which are calculated to procrastinate the sales of property, ami collecticii by 
other compulsory process; but a circumstance which has exceeded all others in delaying the completion of this busi- 
ness, is the tedious period which has been consumed by some of the Boards of commissioners, in making up there- 
ports upon which the assessments in the several States were founded. I have, however, the satisfaction to state 
that, notwithstanding the extraordinary difficulties which have attended the sales of land, for unpaid taxes, they ap- 
pear to have gone pretty generally into ettect in Virginia; and as the same objects are maturing in New York, and 
other States, I trust that the result of the whole business will be ascertained in a very short period. 

I have the honor to be, very respectfully, your obedient servant, 

WM. MILLER, Commisu'wner of the Revenue. 
The Honorable the Secretary of the Treasury. 



7th Congress.] 



No. 198. 



[2d Session. 



Sir: 



MINT. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 3, 1803. 

Treasurv Department, March '2d, J 803. 



I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, of this date, accom- 
panied with sundry statements, which have been prepared in obedience to the act, entitled ''An act establishing a 
mint, and regulating the coins of the United States," passed on the second of April, 179-3. 

I have the honor to be, very respectfully, sir, youi- obedient servant, 

ALBERT GALLATIN. 

The Hon. the Speaker of the House of Beprescntatives. 



Treasury Department, Comptroller's Office, March 2d, 1803. 
Sir: 

The statements marked A, B, C, and D, which are herewith laid before you. have been prepared pursuant to 
the seventh section of an act of Congress, of the second of April, 179-2, entitled "An act establishing a mint, and 
regulating the coins of the United States." These statements contain all the information concerning tlie transac- 
tions of the mint, which the settlements made at the treasury enable me to give. 

I have the honor to be, with great respect, your obedient servant. 

G. DUVALL. 
The Hon. Albert Gallatin, Esq. 

A. 

Statement of appropriations made by law for the Mint establishment, for the year 180-3, tvith the amount of war- 
rants drawn by the Secretary of the Treasury on said appropriations. 



Amount of warrants drawn on the Treasurer in favor of 

the mint, for the services for the year 1802, *$37,037 72 

Balance unexpended on 1st January, 1803, 29,535 49 



i|66,5(;3 21 



Balance of the several appropriations for 
the mint establishment, unexpended on 
the 1st January, 1802, 

Acts respecting the mint, dated 27th May, 
1796, and 24th April, 1800: 

For amount of cents and half cents paid 
into the treasury in the year 1802, 

An act making appropriations for the sup- 
port of Government, for the year 1802, 
passed 1st May, 1802. 



$41,187 21 



14,476 00 



10,900 00 



,563 21 



*This sum includes a warrant for §4,000, drawn in January, 180:3, which is accounted for by the treasurer of the mint in 180-2; 
the unexpended balance, therefore, exhibited on the treasury books, is $ 33,535 49. 



A — Continued. 

Statement of appropriations made by law for the payment of the salaries of the officers and clerks of the Mint, for 

the year 1802. 



Amount of warrants drawn on the Treasurer of the 
United States, for the salaries of the officers and 
clerks of the mint, for the year 1802, $10,600 00 

Balance unexpended on the 1st January, 

1803, . - .. - 6 94 



10,606 94 



Balance unexpended on the 1st January, 1802, $6 94 
An act making appropriations for the sup- 
port of Government, for the year 1802, 10,600 00 



S10.006 94 



FINANCE. 



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36 



FINANCE. 



[1803. 



D. 

Summary Statement exhibiting the value of Coins made at the Mnt, the amount of disbursements on account of 
orthe"ciinar^^^^^ //*e amot^«< retained of deposites, and the amount gainfd 



Value of sold, silver, and copper coins made at the mint, to the 31st De- 
cember, 1801, per summary statement, marked A, accompanyine; the 
Comptroller's report of the asd March, 1802. 

Ditto, of gold coins made from the 1st January to the 31st December' 
1802, per statement herewith, marked B, . . ' 

Ditto, or silver coins, do. do. ..." 

Ditto, of copper coins, do. marked C, . , \ 

Total value of gold, silver, and copper coins made to the 31st Dec. 1802, 

Nett charge on the coinage of gold, silver, and copper, to the 31st Decem- 
ber, 1801, per statement, marked E, accompanying the Comptroller's 
report of the 22d March, 1802, . 

Deduct the following sums, viz. 

This sum, being the^ cost and charges of copper, included in statement 
niarked B, accompanymg the Comptroller's report of the 30th January, 

This sum, do. do. included in statement marked A, ac- 

companying the Comptroller's report of the 25th April, 1800, 

This sum, do. do. included in statement marked B, ac- 

companying the said report of the 25th April, 1800, 

This sum, do. do. included in statement marked E, ac- 

companying the Comptroller's report of the 22d March, 1802, 

. Amount of copper, 

1 his sum, being the amount of wastage on the coinage of gold and silver 
Irom the commencement of the institution to the 31st December, 1801 
per former statements transmitted, 



Jldd the following sums, viz. 

This sum, being the amount gained on the coinage of copper, per statement 
marked L, accompanying the Comptroller's report of the 22d March, 
1802, • . , 

This sum, beingthe amount retained of deposites, from'the commencement 
of the institution to the 31st December, 1801, per former statements 
transmitted, . 

Amount charged for the support of the establishment to 31st December, 

Amount charged from the 1st January to the 31st December, 1802 (exclu- 

^''"' fi'n%?/ln!''°PP'''"''^'''^*^ amounts, for the year, 1802, to the 
sumof$20,344 79)perstatementherewith, marked A, 
Amount of wastage to the 3lst December, 1801, as above 

ed B* herewUh** '^'"'"^'"^ *" ^^'^ December, 1802, per statement mark- 

■n J wu- L • . Total amount of wastage, 

1801 asMwe amount retained of deposites to 31st December. 

°'"802'^&c'"'"'''^^*^'"'''' '^'^ '''""' ''^'""' '^^""'''■^ ^'^ ^° December 31st; 

Total amount retained, 

'^"Oecembej "ffiof wif 1!'"^' ^"?^ '"'='"'^'"° ^'^^ ^"^^ of copper to the 31st 
arroZt off 1 hfS • K '''"?r *'' *^ ^^PP^^ars above, to $99,294 88) on 
to the"3 1^1 SireS r!'l8oT '''' ~ncement of the institution 

From the above deduct the gain on copper coinage, from the commence- 
eT C, herS; "''"" !" ""' '''! ^'^^""'^'^'■' '^^'' ^'^ ^tafenieTmark- 

^"be^lSolTncludrnftfp nLf 'J'l f ^f'-f?'^ ^"PP^"-' *« ^^^ 31st Decem- 
Der, 180J, including the cost of lots, buildings, machinery, &c. 



fi34,427 48 

7,110 22 

12,438 71 

45,318 47 



99,294 88 



12,503 03 



19,234 43 



2,149 98 



2,149 98 
185 92 



423,310 00 
58,343 00 
34,422 83 



296,957 10 



111,797 91 



185,159 19 



21,384 41 



12,503 03 

1,836 97 



14.340 00 



2,335 90 



$3,045,091 94 



516,075 83 



3,561,167 77 



206,543 60 



17,462 65 



12,004 70 



236,010 95 
25,369 30 



210,641 65 



1803.] THE SINKING FUND. 37 



7th Congress.] No. 199. [2cl Session. 



SINKING FUND. 

COMMUNICATED TO THE IIOI'SE OF REPRESENTATIVES, MARCH 3, 1803. 

Mr. Randolph made the following report: 

The Committee of Ways anil Means, to whom it was yesterday referred, by a resolution of this House, to 
inquire and report " whether the commissioners of the sinking fund have, agreeably to the act 'making provision 
for the redemption of the whole of the public debt of the United States,' applied the sum of $7,300,000 to tlie pay- 
ment of the principal and interest of the public debt.^ And, also, generally to inquire into the accounts and proceed- 
ings of the commissioners of the sinking fund;" have, according to order, proceeded therein, and beg leave to 
report: 

That, pursuant to the directions of the committee, a letter was written and addressed, by the chairman of the 
committee, to the Secretary of the Treasury, covering a copy of the resolution of the House; and, also, a statement 
of queries thereon, to which tiie answer of the Secretary was required: and that, to his answer, which, together with 
sundry explanatory docimients, is annexed to this report, the committee beg leave to refer, and request that it may 
be considered as part of their report. 

March ^d, 1803, at half past 6 o'clock, P. M. 

Sir: 

The enclosed resolution this day passed the House of Representatives. The annexed paper, marked A 1, 
contains the objections stated by the mover of the resolution, to which you are requested, if practicable, to return an 
answer, previous to the dissolution of Congress. It may be necessary to remark, that the objections to the report of 
the commissioners of the sinking fund consistedprincipally of a supposed variance between the statements contained 
in that report, and those submitted by the Secretary of the Treasury, at the last session of Congress, and a denial tliat 
the sum appropriated, by the law of the last session, [$7,300,000] liad been applied agreeably to the provisions of 
the act; and that the sum disbursed bj; the treasury, on account of the public debt, has not been fully accounted for; 
an unaccounted balance remaining of $114,839 44: moreover, that the sum of 5,914,000 guilders is upon estimate. 

With perfect esteem, I have the honor to be, yours, 

JOHN RANDOLPH. 

Albert Gallatin, Secretary of the Treasury. 



In the House of Representatives of the United States, 

Tf-'ednesday, the id of March, 1803. 
On motion, 
Resolved, that the Committee of Ways and Means be directed to inquire whether the commissioners of the 
sinking fund have, agreeably to the directions of the act, entitled, '* An act making provision for tiie redemption of 
the whole of the public debt of the United States," applied the sum of seven millions three hundred thousand dol- 
lars, provided by the same, to the payment of the principal and interest of the public debt; and to inquire, generally, 
into the accounts and proceedings of the commissioners of the sinking fund, and to report to the House. 

Extract from the Journal. 
WILLIAM LAMBERT, for JOHN BECKLEY, Clerk. 

A 1. 

1. Have the commissioners of the sinking fund applied the sum of $7,300,000 to the payment of the public debt, 
in the year 1802.? If they have not applied it, why has it not been done."' 

2. What was the true amount of interest on the public debt for 1802.? And is the sum of $4,065,738 47 that true 
amount.-' A detailed account is requested. 

3. What have been the actual remittances to Holland, during the year 1802? A detailed account of all the bills, 
contracts, &c. is requested, with the names of the persons with whom contracts have been made, and from whom 
bills have been purchased, with the price paid? 

4. If the contracts and bills do not cover all the balance in the hands of the commissioners, an account of the 
remainder is requested, with the names of the persons in whose hands the same remains, with the particular sums 
held by each person. 

5. What were the sums disbursed from the treasury, on account of the domestic debt, between 1st of October, 
1801, and 1st of January, 1802; and what were the sums disbursed for the same account, between October 1, 1802, 
and January 1. 1803? 

6. In the treasury report of December, 1801, in table P, the interest of foreign debts, for 1802, is said to be 
$476,931: in table R, the interest is said to be, guilders, 1,145,250: from whence arises the diftijrence? How is the 
interest, stated in table P, made up? 

7. An account of the remittance forwarded to Holland, or purchased in 1803, is requested, if convenient; the 
account to be in detail: and likewise such other information as the Secretary of the Treasury may think will eluci- 
date the transactions of the commissioners. 



Treasury Department, March 3d, 1803. 

Sir: 

I had the honor to receive, last night, at seven o'clock, your letter of the same day, enclosing a resolution ol 
the House, in relation to the accounts of the sinking fund, and certain inquiries proposed on that subject by the mover 
of the resolution. 

Although I may give information sufficient to come within the meaning of the resolution, and to elucidate the 
transactions of the commissioners, time will not, perhaps, permit, to procure all the detailed accounts specified in the 
inquiries: all that can be examined and transcribed in the course of the day shall be transmitted. 

I must premise, that I had received yesterday, from the Register of the treasury, a letter, hereunto annexed, A 2, 
accompanying an official statement B, of all the warrants drawn on the Treasuier, during the year 1802, on account 
of the public debt, and amounting (after deducting 119,592 dollars and 78 cents, repayments on account ol the 
Dutch debt) to $9,333,407 40. This sum is $39,344 88 less than the sum of $9,372,752 28, which is stated, in the 
report of the Secretary of the Treasury to the commissioners of the sinking fund, to have been disbursed on that 
account, during that year. 

This error arose, as stated by the Register, from the necessity of making the report of all the transactions of the 
year 1802, in the first week of February, 1803, and before the books of tiie treasury, for the last quarter of that year, 
could be posted up. 

6 tt 



gg FINANCE. [1803. 



The difference resulting from the correction consists in that the disbursements out of the treasury, during the 
vear 180" were on accounf of the reimbursement and interest of the domestic debt, $4,618,031 39; and on account 
of the Du'tch debt, 3.-210,399 -25; instead of being $4,651,699 61 and $3,243,065 91, as stated ni the report; and in 
that the pavmeut in advance, and on account of the annual appropriation of 1803, was only $745,807 40, instead of 



.1785, 15-2 28, as stated in the report 

The objects of the present inquiry seem to be, 

I. An elucidatii) 
on the 18th l)ecemb 
resolution refei 



in of certain variations between the report to the commissioners of the sinking fund, and that made 
ler, 1801, to Congress; to which it is presumed that the 2d and 6th inquiries of the mover of the 

In the staten'ient P, annexed to the report of the 18th December, 1801, the interest on the public debt, including 
the annual reimbursement of the six per cent, and deferred stocks, is stated at - - - $5,228,034 67 

In the report to the commissioners of the sinking tund, the interest is stated at - 4,065,738 57 
And the reimbursement of six per cent, and deferred stocks, - - ■■ 1,117.869 37 

Making, altogether, - - - 5,1 83,607 94 

The difference between the two statements is - - . - - - - - $44,426 73 

Which arises from the three following items, viz: 

1st The annual interest on the temporary loans obtained from tlie Bank of the United States is stated, in the 
former report, at $152,900; but one million two hundred and ninety thousand dollars of tlie principal of that debt 
having been mid to the bank, on the 30th June last, the interest on that sum ceased after that day; which makes 
the annual interest on those loans $35,450 less for that year, and reduces that item, in the last report, to $117,450, 
as will appear by the annexed statement C; which, in conformity to the wishes of the mover of the resolution, as 
expressed in his second inquiry, gives the several items of the gross amount of $4,065,738 57, stated, in the report to 
the commissioners of the sinking fund, as the amount of interest tor 1802. 

2d. The interest due for 1802, on the foreign debt, is stated, in the report of the 18th December, 
1801 at ------------ $476,931 

And in the report to the commissioners of the sinking fund, as per statement C, hereunto annexed, at 467,731 

Making a difference of --------- - ^^-^^Q 

In both statements, the interest, properly so called, is the same, viz: 1,145,250 guilders, equal, at 40 cents per 
guilder, to 458,100 dollars; but the difference arises from the items of commissions and gratitications. 

In the statement of December, 1801, to the sum of ------- $458,100 

are added the following commissions, viz: 

One per cent, on the interest, equal to ------ -$4,581 

One per cent, on 12,500 guilders, gratifications on the Dutch loans, payable that year, 125 
guilders, equal to - - - - - - - - - • 50 

One per cent, on 3,550,000 guilders, the then supposed amount ot the instalments, falling 
due during 1802. in Holland and Antwerp, 35,500 guilders, ecjual to - - 35,500 

18,831 



Making, as above stated, -....---- $476,931 

In the report to the commissioners of the sinking fund, to the said sum of - - - . $458,100 

Ave added only the two first mentioned commissions, of ----- - 4,631 

But, on tiie other hand, the gratification of 12,500 guilders, which, in the report of December, 1801, 
is consitlered as part of the principal of the debt, and not included in tlie interest, is, in this last 
report, considered as part ot the interest; it never having been the practice, in former reports of 
the Board, to include the payments of those gratifications in the account of principal. 

This item is equal to --------- 5,000 

Making, altogether, as above stated, ...----- $467,731 

The reason why tlie last mentioned commission of one per cent, on the payment of instalments of the principal, 
and stated in tlie report of the 18th December, 1801, as above mentioned, at 35,000 guilders, has been omitted in the 
report to the commissioners of the sinking fund, remains to be explained. 

It had been heretofore supposed atthe treasury, that a commission of one per cent, was charged in Holland, by 
the bankers of the United States, on the payment of the instalments of the Dutch debt; and it is so stated in every 
official report of tlie Department on that subject, from that of the late Secretary of the Treasury, presented to the 
House o!i the 4th January, 1796, to that of the Secretary, of the 18th December, 1801. An inspection of the accounts 
of the bankers, and the knowledge that such cliarges were not usual in relation to loans obtained in Holland, have 
since shown that that opinion was erroneous, and the item is therefiire omitted in the last report. 

It is also proper here to observe, though noticed neither in your letter, nor in tlie enclosed queries, that the instal- 
ments, payable in 1802, had heretofore been erroneously supposed to amount to 3,550,000 guilders, as stated in the 
report of 4th January, 1796, and in that of 18th December, 1801, (statement R) instead of 3,360,000 guilders, as 
stated in the last report to the commisssioners of the sinking fund; an error which arose from a supposition that the 
Antwerp loan, instead of being payable, as is the case, in five instalments, of 410,000 guilders each, was payable in 
four instalments, the three first of 600,000 guilders eacli, and the last of 250,000 guilders. 

These two items, viz: 

Difference on interest on domestic loans, ,...-.-_. $35,450 00 

And do. on do. on foreign debt, -..---.. 9,200 00 

Make an aggregate of --------- - 44,650 00 

3d. l<'rom which must be deducted, a difference between the two statements, in relation to the inte- 
rest due on account of the domestic debt, and explained by the Register, in the note annexed to 
statement C, amounting to -------- ■•- 223 27 



Leaving, for the whole difference, as above stated, ...---. $44,426 73 

II. It is asked, why the sum disbursed by the treasury has not been fully accounted for.'' Why the sum of 
5,914,000 guilders, remitted to Holland, beyond the amount due in 1802, is unon estimate? And it is asked, why- 
there remains a supposed unaccounted balance of $114,839 44.^ As tending to elucidate that part of the inquiry, the 
3d and 4th queries of the mover of the resolution apply for statements of the remittances to Holland, and of the 
balances which may remain unexpendeil in the hands of agents, &c. 

From these objections to liie report, it is presumable that some misconception has taken place in relation to the 
mode of conducting the business of the sinking fund. 



1803.] THE SINKING FUND. 3g 



The commissioners never receive any public moneys, nor are they accouiifable for the sums paid out of the trea- 
sury, on account ot tlie pubhc debt: the |)ersons wlio, upon the warrants of the Secretary of the Treasury receive 
such sums, are immediately charged for the amount, and become then accountable to the treasurv, in the same 
manner as .all other receivers ot public moneys. 

It results from thence that the disbursements out of the treasury shew, themselves, in what manner the monev 
has been applied by the commissioners ot the sniking fund; and, accordingly, the annexed statement B e\liil)'ts the 
advances or payments made by tiiem, or rather by tiie Secretary of the" 'JVeasury, as their agent durin" tlie vear 
1802, and shows the sums paid or advanced, the dates when, the persons to whom, and the objects for vvhich the 
payments or advances have been made. There is not, and cannot be, in that respect, any unaccounted balance' 

As to the ultimate application of the money, by the persons to wlu.m it has been advanced, it cannot be ascer- 
tained with precision, until their accounts sliall have been rendered and settled at the treasury: and it is evident 
that neither on the first week of February, 1803, nor on this day, can the accounts of persons who received public 
moneys in the course ot the year 1803, be settled, or even rendered. 

It was not, therefore, attempted, in tiie report to the commissioners of the sinking fund, to state, with precision 
an account ot tiie ultimate application of the moneys paid out of the treasury during the year I8o-3 which shoidd 
balance the aggregate of the disbursements. An attempt of that kind was impracticable, for want of niaterials That 
it was not intended, is evident on the face of the report itself: for the items which relate to that ultimate application 
are not added together: two of them are explicitly stated to be on estimate; it is as explicitly stated tiiat some pro- 
tested bills and balances, in hands of agents, are not included; and there are two prominent items amongst the 
disbursements, viz: " to toreign officers, and in payment of certain parts of the public debt," which are not rtwated 
amongst the items relating to the ultimate application of tlie money, although credit would have been taken for them 
had it been intended to balance the account of disbursements by an acc(mnt of their ultimate application. ' 

The report exhibits all that could be expected, by designating, in the first place, the several general objects to 
which the disbursements were applicable during the year 1803, and by giving, in the next place, the estimated 
amount of remittances to Holland, which had been purchased on account of that part of the Dutch debt whicli falls 
due iluring the present year. If this last amount is stated only as an estimute, it is because, as has alre.idy been 
mentioned, the accounts in relation thereto being only rendered in part, and not being yet settled by the accounting 
officers of the treasury, any calculations taken Iroin the auxiliary books or registers of the bills purchased, are liable 
to errors, and ought not to be reportetl to Congress as an ascertained amount. 

It so happens, however, that, if an attempt shall be made to strike an approximated balance between the account 
of disbursements and that of the applicatitm of the money, what is called an unaccounted balance will disappear 
and instead of it, the amount paid out of the treasury will be found to be less than the amount applied, includin'' 
balances in hands of agents, and the estimated unexpended balance of bills on Holland: which shows only that that 
balance has been estimated in the report something above, and not below, its real amount. 

1st. The disbursements out of the treasury, on account of the interest and reimbursement of the d(miestic debt 

were stated in the report, at - - - - $4,654,699 61 

But on account ot the warrant twice included, as per Register's letter, A 2, - - . sq cjs 22 

Leaves, for the true amount, ---..-... $4,618,021 39 

The objects for which that sum was advanced, were, 
1. On account of interest on the domestic debt, growing due in 1803. as per statement C, 3,480,557 57 
3. On acount of the reimbursement of the six per cent, and deferred stock, estimated 

per do. ------..-. 1,117,869 35 

4.598,426 92 
Leaving a balance advanced, during the year 1802, beyond the amount payable during 
the same, and for which some of the banks or commissioneis of loans are account- 
able, ---->...... 19.594 47 



$4,618,021 39 



2d. The disbursements on account of the interest on the domestic loans, were - - - $162,035 00 

The interest actually accrued during 1802, and which makes part of the. imount of in- 
terest stated in the report to the commissioners of tiie sinking fund, as per state- 
ment C, was only, -------.. 117,45000 

The dirterence, which amounts to ----- . - 44,575 00 



162,025 00 



Results from the circumstance of the interest due to tlie bank, on domestic loans, being always paid after it has 
become due. Thus, the sum of $162,025, disbursed in 1802, was applied to the payment of the interest which accrued 
on domestic loans, from the 1st of July, 1801, to the 30tli June, 1802; and not to the payment of the interest which 
accrued from 1st January to 31st December, 1802. 

3d. The payments to foreign officers, and for certain parts of the domestic debt, being charged in the amount of 
disbursements, ought to be credited in the account of the application of those disbursements. 

Those two items amount to, - - - - - - - - - . $32,961 76 



If, therefore, there is an apparent unaccounted balance in tlie report to the commissioners of the sink- 
ing fund, of ---------... $114,83944 

As stilted in your letter, the error stated by the Register, .---.. 39,34488 



Must, in the first place, be deducted, which will leave, ---... 75.494 56 

For the amount of that supposed balance; and the above stated items are fair oft'sets against it, viz: 

1st. Advanced on account of domestic debt, beyond the interest and reimbursement of 

the year 1802, ---....... 19,594 47 

2d. Paid on account of the interest on domestic loans beyond the amount which ac- 
crued during 1802, -----.... 44,57500 

3d. Paid to foreign otlicers, and for certain parts of the domestic debt, - - 22,961 76 



Making, altogether, ------.. 87,131 23 

An aggregate which exceeds, by ---.--.. 11,636 67 

$87,131 23 



The above stated supposed unaccounted balance, and shews that such balance does not exist: but that, on the con- 
trary, the estimate ot unapplied bills on Holland errs in having made that .amount too large'. Whether that error 
consists in having blended, amongst the bills purchased in 1802, some which were actuallv purchased in 1801, or from 
some mistake ol the clerk in entering the amount of bills purchased, or from having 'entered as purchased, bills 



4d 



FINANCE. [180J 



which are, by contract, to be paid for only when they shall have been honored, or from any other cause, cannot, I 
apprehend be ascertained, until the accounts of the purchases shall have been regularly settled, by which means 
alone can every error be checked and discovered. It was because it was known that an account, given at present, 
was liable to be affected by all those several sources of error, that it was presented as an estimate. If it shall be 
found practicable to form and transcribe, in ihe course of the day, a more correct detailed account from the docu- 
ments in this office, it sliall be forwarded; but it is doubted whether it can be done; and, if done, I must beg leave 
to repeat, that it must still be considered as an estimate and a sketch, and not as an ascertained account. In the 
mean while, it is proper to state, that no alteration in tliat estimate can change any general result; that every person 
who has leceived money on that account from the treasury, has been charged, and is held accountable for it, and 
that the error in the estimate consists in nothing more than in exhibiting a larger amount of bills than has been paid 
for by the United States. ,-•,.• r ■ 

Leavin" those uninteresting and immaterial details, I proceed to what seems to be the principal object ot the 

resolution of the House. 

III. It is asked whether the commissioners of the sinking fund have applied the sum of 7,300,000 dollars, to the pay- 
ment of the public debt, in 1802, in conformity to the act making provision for the redemption of the whole ot the 
public debt of the United States? . , , , ,. • , ,. ^ , 

Although it be difficult to understand precisely the supposed objection to the proceedings ot the commissioners 
of the sinkiii" fund, whicli has given rise to this inquiry, yet, as the report to the commissioners exhibits, after 
deducting the'aiiiount lately corrected by the Register, an application of 9,333,407 dollars and 40 cents — of which 
sum 1 287,600 dollars were paid out of the proceeds of the sales of bank stock, and the remaining 8,045,807 dollars 
and '40'cen'ts, out of the other funds vested in the sinking fund — it is presumed that the objection goes to the mode 
of application, and not to the sum applied; and I cannot find what that can be, unless, by the words " payment of 
the public debt in the year 1802," it be meant that the commissioners of the sinking fund were bound by the law to 
extinguish, during the year 1802, so much of the principal of the public debt, due that year, as, together with the 
interest accruing "during that year, would amount to 7,300,000 dollars; and that an application of part of the 
7,300,000 dollars to the making provision for the payment of a debt, falling due after the 31st December, 1802, was 
not to be considered as a part ol the said legal payment of 7,300,000 dollars. 

The objection does not apply to the actual payments made by the commissioners; nor is it supported by any part 

of the law. ... ^ . , 1 ^ • 

It does not apply to the payments made by the commissioners in 1802: tor, supposing the assumed construction 

of the law to be correct, it is, nevertheless, true, that the commissioners of the sinking fund have, during the year 

1802, paid more than 7,300,000 dollars, falling due during that year. 
Those payments consist of the following items, viz: 

1. Interest accrued during the year 1802, ------- $4,065,73347 

2. Instalments of the Dutch debt, wiiich fall due during that year. - - - - 1,344,000 00 

3. Reimbursement of six per cent, and deferred stocks, - - - - - - 1,117,869 37 

4. Payment to foreign officers, and for certain parts of the domestic debt, - - - 22,96176 

5. Payment on account of the principal of the temporary loans due to the bank. - - 1,290,000 00 

Amounting, altogether, to -------- - $7,840,569 60 

Perhaps it may, in the spirit of the objection, be insisted that the payment of 1,117,689 dollars and 37 cents, 
being the reimbursement of the six per cent, and deferred stocks, which fall due on the 1st day of January, 1803, 
cannot be considered as the extinguishment of a debt actually due in 1802. But, on that supposition, credit must 
be given for the payment of a similar reimbursement, which took place on the 1st day of January, 1802, and which, 
in me report of the Secretary, to the commissioners of the sinking fund, is credited to the account of the year 1801, 
because it was paid out of funds accrued during 1801; in the same manner as he has credited the payment of 1st 
January, 1803, to the year 1802, because it was paid out of funds accrued during the year 1802. But, whether he was 
correct or not, in that arrangement, is immaterial in the present question; and as one payment was made on the 1st 
January, 1802, and another on the 1st January, 1803, either the one or tlie other must be credited to the account of 
the year 1802. 

Perhaps it may also be said, that 1,287,600 dollars of the temporary loans, discharged in 1802, having been paid 
for out of the proceeds of the sales of the bank shares, (which, in the report of the Secretary to the commissioners, 
are stated as a distinct fund from the annual appropriation of 7,300,000 dollars,) cannot properly be stated as a pay- 
ment in part of that appropriation. But it is not less true, that, if there is any thing in the law which binds the com- 
missioners to pay annually 7,300,000 dollars, in the manner contended for, there is certainly nothing which compels 
them to make that payment out of the annual appropriation of 7,300,000 dollars, or out of any other. They may be 
bound to make payments to a certain amount, but they may make them out of anv funds in their hands. To this 
may be added, that the first section of the law which makes the appropriation, includes in the annual appropriated 
sum of 7,300,000 dollars, the moneys, other than surplusses of revenue, which constitute the sinking fund, or shall 
accrue to it by virtue of any provisions theretofore made. The proceeds of the bank shares accrued to the sinking 
fund, by virtue of the provisions of the act of the 31st day of May, 1796, and might, therefore, by the Secretary of 
the Treasury, have been contemplated and stated as part of the annual appropriation of 7,300,000 dollars. But, 
considering it optional with him, either to state those proceeds in that way, or, under the proviso of the 3d section of 
the act, to'state them as a distinct i'und, he chose to do it in the last mentioned manner, in order to give the greatest 
possible efficacy to the sinking fund. From which it results, that, if he had stated those proceeds as part of the 
annual appropriation of 7,300,000 dollars, although he would have, by that mode, actually diminished the payments 
on account ot the public debt, by a sum of 1,287,600 dollars; yet, he would, upon the construction assumed by the 
objection, have paid 1,287,600 dollars more, on account of the public debt of 1802, than has been done according to 
the mode of stating the accounts which he has adopted. 

But. supposing that the facts supported the objection; supposing that the sales of bank stock had not taken place, 
and that the payment of the debt due to the bank had not been made; yet, nothing appears in the law which can 
support the principle assumed by that objection. 

The construction which is insisted upon against the proceedings of the commissioners, is, that they are bound 
by the law to apply annually 7,300,000 dollars, and that that application must, in the very year in which it is made, 
extinguish a debt or pay an interest due that year, excluding from what is thus considered as a legal payment, any 
payment on account ot a debt falling due after that year. Neither of those positions appears to me to be in any 
degree supported by any part of the law. 

The first section of the law makes an annual appropriation of 7,300,000 dollars. 

The second section enjoins it as a positive duty on the Secretary of the Treasury, to cause to be paid, annually, 
to the commissioners of the sinking fund, the said sum of 7,300,000 dollars, thus appropriated. 

The third section directs the commissioners to pay, every year, the interest accruing, and the instalments or parts 
of principal falling due during that year, and then proceeds in the following words: " And also, it shall be the duty 
of the said commissioners, to cause to be applied, the surplus of such fund as may at any time exist, after satisfying 
the purposes aforesaid, towards the furtheV and final reclemption, by payment or purchase, of the present debt of 
the United States," &c. 

There is nothing there whic!> binds the commissioners, after they have satisfied the purposes aforesaid, that is to 
say, after they have paid the interest and principal falling due in any one year, to apply the remainder or surplus of 
the 7,300,000 dollai's, if any, during the course of the same year. 

Provided that the Secretary had placed at their disposition, in due time, the funds necessary to meet the instal- 
ments and interest due in the year, it would be a good execution of the law if he paid to them the remainder of the 



1803.] THE SINKING FUND. 4j 



appropriation on the last day of the year; in which case it would be impossible for them to apply that remainder till 
the ensuing year. 

That act, in fact, as well as all tlie preceding laws on that subject, places a discretionary power in the commis- 
sioners, both as to time and manner, for any payment other than those which fall due in the year, and which must 
at all events be made; and the proviso of the first section actually contemplates the case of the money remaining 
unexpended for six months after the end of the calendar year, to which the annual appropriation refers, and provides 
that, under certain circumstances, such surplus shall cease to be at the disposition of the commissioners. 

In the present instance, however, it is, on the part of the Secretary of the Treasury, contended, that more than 
7,300,000 dollars, have, exclusively of the payment to the bank, been applied, during the year 1802, towards the fur- 
ther redemption by payment of the debt of the United States; and that, after having paid die interest and instalments 
which tell due during that year, the purchase of about three millions and a half ot guilders, remitted to Holland. 
towards the payment of the Dutch debt, falling due next year, was a faithful, legal, and;proper execution of the law*. 
It is difficult to prove a negative; in this case the law is silent as to the species of debt, and the time and manner 
of applying the surplus moneys: there is nothing which excludes iiom the meaning of the law an application in the 
year, whicn will produce a payment in the ensuing year. The words, " by payment or purchase," are, accordin'' 
to the strict sense of the sentence, connected with the word " redemption:" the further and final redemption is to be 
effected by payment or purchase; the application of moneys which the commissioners may legally eftt-ct, is towards 
that further redemption; the subtlety of the objection seems to consist in making the words " by payment," depend 
immediately on the words " to cause to be applied;" from which it would result, that the application, instead of 
being, as expressed by the law, toivards a redemption, which redemption must, when effected, be effected by pay- 
ment or purchase, would be confined to an immediate payment; and as the purchase of bills is not an immediate 
payment, but a provision towards a future payment, such purchases would be excluded from that authorization in 
the law. Not only that construction is not justified by the strict sense of the words, as connected in the sentence, 
but, if it was adopted, it must follow that there did not exist, nor ever had existed, (for the phraseology of this 
sentence is transcribed from preceding laws) any authority whatever, in the commissioners of the sinking fund to 
provide, in time, for the payment of the Dutch debt. They must, according to that new construction, be bound' in 
the application of the surplus of the fund to an immediate payment, and not be permitted to purchase remittances 
for the purpose of making a payment the ensuing year. For this is the only clause which authorizes the commis- 
sioners to make any payment, other than for the payment of interest and principal falling due that year; and if it 
forbids them to make the purchase of bills under the appropriation of 7,300,000 dollars, it forbids them altogether, 
there being no words in the clause limiting its effect to tliat appropriation. 

It is hardly necessary to dwell any longer on the manifold absurdities which must flow from this assumed con- 
struction, an(l indeed I have no time left tor any further observations. Yet I would remark, that, when the act 
passed, such an applicatiim was contemplated, and that it was stated, explicitly, that it was necessary to provide for 
the payments due in Holland, at least six months before they became due. The statement S, annexed to the report 
of the 18th December, 1801. and which exhibited the effect of an annual appropriation of 7,300,000 dollars on the 
debt, was actually predicated on that supposition. 

Permit me to add, that the demands in Holland were so considerable, and the difficulties apprehended in pro- 
curing the sufficient remittances so alarming, that it is confidently believed that no application of the surplus moneys 
of the sinking fund could have been more beneficial to the true interests of the United States, than the purchases 
of remittances which have been made. The whole of what was payable in 1803, which was the heaviest year, has 
been remitted, without re-loan, and without the employmentof an agent abroad; and being now so much before hand 
I apprehend no longer any difficulties in procuring, at a reascmable rate, the remittances which shall be wanted for 
meeting the payments of the following years. 

It has been impossible to transcribe the detailed accounts which were required; but I enclose an account D, of 
the purchases matie in 1801 and 180-2, on account of the Dutch debt, showing the prices paid in 1802, and the 
amount of remittances purchased before the 1st January, 1803, applicable to the payment of this year. This must 
still be considered as an estimate, though more correct than that of the report to the commissioners of the sinking fund. 
I regret the late hour at wliich the resolution was introduced, for no other reason than because it prevents my 
furnishing the more detailed account which the mover was desirous of obtaining. But I trust that all the informa 
tion which was substantially necessary to meet the object of the resolution, has been given; and I must rely on the 
indulgence of the committee for the many imperfections which must be attached to this hasty communication. 
I have the honor to be, respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
Honorable John Randolph, Esq. 

Chairman of the Committee of Ways and Means. 

A 2. 

Treasury Department, Register's Office, March 2d, 1803. 
Sir: 

I do myself the honor of transmitting an official statement of the several warrants drawn, according to law, 
upon the Treasurer of the United States, during the year 1802; that is to say: 

1st. Warrants for the payment of moneys on account of the reimbursement and interest of the 

domestic debt, amounting to -------- - $4,618,021 39 

2d. Warrants on account of the repayment of principal of moneys, borrowed of the Bank of the 

United States, --....---.... 1,290,000 00 

3d. W^arrants on account of the payment of interest on the domestic loans, . . . 162,025 00 
4th. Warrants on account of the reimbursement of capital, and interest of the Dutch debt, after 

deducting repayments into the treasury, -------- 3,240,399 25 

5th. Warrants on account of debts due to foreign officers, ---... 7,994 92 

6th. Warrants on account of certain parts of the domestic debt, - - . . . 14,966 84 



Amounting, in the whole, to the sum of - - - - - - - - S9,333,407 40 

The amount stated to have been paid on account of the principal and interest of the public debt, during the year 
1802, as per printed report to the commissioners of the sinking fund, page 6, founded on aggregate sums which I had 
the honor of transmitting you, was -------.. $9,372,752 28 

The actual amount paid, was, as per my official statement herewith, only - •• - 9,333,407 40 

Variation, - - . . $39,344 88 



FINANCE. 



[1803. 



This variation is confined to two items, viz: 

Warrant No. 3381, for the sum of -, - ^ ' , ' , •" , " -, ' " r,' $3,666 66 

This was taken oft', in the transcript from the first entry, as having been paid on account ot the 
Dutch debt; but. since posting the boolcs. it has been ascertained it was for a remittance on ac- 
count of prize causes. 

Warrant No. 3497, dated 31st December, 1802, for - .-.-.- - - . - 36,678 23 

This sum was added twice, by mistake, in tlie transcript of items paid on account of the reim- 
bursement of principal and interest of the domestic debt, and arose altogether from the books of 
the treasury not benig posted up, when the transcript (to ascertain the aggregate amount) was 
made from the book of first entries in the Register's office. 

As above, .... $39,344 88 

As it may be expedient, in future, to accompany the annual statements of the sinking fund with official docu- 
ments, in relation to the disbursements out of the treasury, on account (jf the principal and interest of the public 
debt, and as the peiiod now fixed by law may be considered too early in the year to form those official documents 
to the close of the preceding year, with all possible correctness, I would beg leave to submit wliether two weeks 
later in the session, than the law now directs, might nol be a regulation wliich would be found convenient to the 
Treasury Department. 

I have the honor to be, sir, with the greatest respect, your obedient servant, 

JOSEPH NOURSE, Register. 

The Honorable Albert Gallatin. 



B. 



List of IVarrants draivn, according to law^ during the year 1802, on the Treasurer of the United States, on 
account of the Reimbursement and Interest of the Domestic Debt. 



No. of 

Warrant. 



2585 

2595 

2624 

2661 

2662 

2663 

2678 

2693 

2694 

2695 

2696 

2697 

2705 

2706 

2709 

2716 

3727 

2728 

2730 

2731 

2858 

2865 

2866 

2894 

2951 

2952 

2965 

2960 

2968 

2969 

2978 

2979 

2980 

2981 

2982 

2999 

3000 

3024 

3033 

3039 

3042 

3043 

3172 

3173 

3176 

3177 

3231 

3242 

3243 

3244 

3245 

3246 

3247 

3248 

3249 

3250 

3251 

3252 



Date 



January 

a' 

February 
Marcli 



April 



May 



June 



18, 1802. 
22 " 
30,' " 
26, " 



4, 
9, 



16, 



n. 




22 




25, 




26, 




(, i 




ii. 




17, 




19, 




4to 




37, 




11, 




k L 




18, 




bC 




31, 




a 




4, 




(.i 





9, 



July 



August 
September 



21, 
24, 
36, 




28, 

-,1, 




26, 


a 
a 


30, 


44 
44 


33, 


(4 


3, 


44 



In whose favor. 



Jabez Bowen, 
James Davidson, 

Do. 
James Alger, 
Jolin Neufville, 
Sherwood Haywood, - 
James Davidson, 
William Gardner, 
Thomas Perkins, 
Jabez Bowen, 
William Imlay, 
John Hopkins, 
James Nicholson, 
James Ewing, 
James Alger, 
Benjamin Harwood, - 
Stephen Moylan, 
John Stockton, 
George Simpson, 
James Davidson, 
Jabez Bowen, 
James Davidson, 

Do. 

1)(!. 

Do. 

Do. 

Do. • ' ' - 

Do. 

Sherwood Haywood, - 
John Neufville, 
Williaiu Gardner, 
Thomas Perkins, 
Jabez Bowen, 
William Imlay, 
John Hopkins, 
James Nicholson, 
James Ewing, 
Benjamin Harwood, - 
Stephen Moylan, 
John Stockton, 
George Simpson, 
James Davidson, 

Do. 

Do. 

Do. .. ■ 

Do. 

Do. 
William Gardner, 
Thomas Perkins, 
Jabez Bowen, 
William Imlay, 
James Nicholson, 
James Ewing, 
Stephen Moylan, 
Joiiii Stockton, 
Benjamin Harwood, 
John Hopkins, 
Sherwood Haywood, 



. . i.: ;^ (■- 



- v 



Sums. 



$900 00 

3,349 27 

3,523 37 

1,600 00 

38,600 00 

1,000 00 

10,859 28 

6,100 00 

154,000 00 

11,350 00 

22,300 00 

12,000 00 

154,000 00 

6,400 00 

1,500 00 

13,764 92 

152,577 95 

2,300 00 

301,118 44 

48,578 50 

700 00 

2,191 97 

1,597 82 

3,666 53 

147 91 

1,737 01 

779 36 

8,840 29 

1,000 00 

35,500 00 

6,100 00 

154,000 no 

12.100 00 

31,800 00 

13,000 00 

158,000 00 

6,650 00 

13,353 65 

159,234 37 

2,509 94 

296,953 22 

46,266 45 

1,280 48 

4,867 74 

1,170 94 

619 64 

3.572 61 

6,100 00 

154,000 00 

12,100 00 

21,800 00 

158,000 00 

6.650 00 

159,234 37 

2,509 94 

12,353 65 

12,000 00 

1.000 00 



1803.] 



THE SINKING FUND. 



43 



B — Continued. 



No. of 
Warrant. 



3253 
3254 
3258 
3271 
3273 
3274 
3281 
3282 
3323 
3424 
3425 
3426 
3438 
3443 
3444 
3445 
3466 
3469 
3470 
3471 
3472 
3478 
3481 
3482 
3488 
3489 
3496 
3497 
3534 
2729 

3041 
3280 
3495 
3492 
3493 
3494 



Date. 



September 2, 1802. 

" 3, •' 

" 20, " 

23, '• 



October 1, 
November 12, 



In whose favor. 



December 



20, 
24, 




ki 




b W 




8, 
9, 

in. 




ii 




a 




20, 





Marcli 



24, 

27, 
28, 

31, 

26, 






June 28, 

September 27, 
December 28, 



John Neufville, 
James Alger, 
James Davidson, 
William Gardner, 
Steplien Moylan, 
James Davidson, 

Do. 
George Simpson, 

Do. 
James Davidson, 

Do. 
William Imlay, 
James Davidson, 
Sherwood Haywood, - 
John Neufville, 
James Alger, 
John Hopkins, 
William Inday, 
William Gardner, 
Thomas Perkins, 
Jabez Bowen, 
James Nicholson, 
Benjamin Harwood, - 
James Ewing, 
John Stockton, 
Stephen Moylan. 
James Davitlson, 
George .Simpson, 
James Ewing. 
Thomas T. Tucker, as 
of the public debt. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 



;nt to the trustees tor t!ie redemption 



Do. 
Do. 
Do. 
Do. 
Do. 
Do. 



Do. 
Do. 
Do. 
Do. 
Do. 
Do. 



Sums. 



.f35,500 00 

1,500 00 

4,844 02 

340 00 

0,484 92 

928 49 

45,221 64 

293,233 66 

3,500 00 

18 62 

12,254 83 

15,000 00 

11,645 76 

2,500 00 

75,800 00 

2,800 00 

22,000 00 

30,700 00 

12,700 00 

290.000 00 

20,400 00 

300.000 00 

21,707 52 

10.100 00 

3,891 45 

284,775 85 

86,413 56 

36,678 22 

1.000 00 

70,68S 78 

70.723 17 

70,827 51 

114,213 46 

179,575 52 

888 79 

33,9'60 00 



$4,618,021 39 



List of Warrants drawn, according to law, during the year 1802, on the Treasurer of the United States, on 
account of the repayment of Pnncipul of Moneys borroived of the Bank of the United States. 



No. of 
Warrant. 


Date. 


In wliose favor. 

t 


Sums. 


3045 
3073 


June 28, 1802. 
•' 30, " 


President, Directors, & Co. of the Bank of the United States, 
Do. Do. Do. 


2,400 00 
1,287 600 00 




$1,290,000 00 



List of IFarrants drawn, according to hm: during the year 1802, on the Treasurer of the United States, on 

account of the payment of Interest on the Domestic Loans. 



No. of 
AVarrant. 


Date. 


In whose favor. 


Sums. 


2568 


January 14, 


1802. 


James Davidson. Agent for the President, 


Directors, & Co. of 










the Bank of the United States, 


- 


S6,000 00 


2569 


Li it 


(t 


Do Do 


Do 


6,000 00 


2570 


(. H 


a 


Do Do 


Do 


15,000 00 


2571 


a a 


a 


Do Do 


Do 


15,000 00 


2572 


a I. 


.k 


Do Do 


Do 


31.875 00 


2573 


.4 il. 


.. 


Do Do 


Do 


2.250 00 


2574 


a fa* 


a 


Do Do 


Do 


7.200 00 


2834 


Aprd 9, 


it 


Do Do 


Do 


2.250 00 


3131 


July 10, 


•• 


Do Do 


Do 


7.200 00 


3132 


.. 


ik 


Do Do 


Do 


28,750 00 


3133 


.. a 


4* 


Do Do 


Do 


6,000 00 


3134 


fc. I,i 


ii 


Do Do 


Do 


15,000 00 


3135 


(i l,i 


ii 


Do Do 


Do 


2,250 00 


3136 


li u 


'i 


Do Do 


Do 


15,000 00 


3392 


October 20, 


<>. 


Do Do 


Do 


2,250 00 




8162,025 00 



FINANCE. 



[1803. 



J- t r TAT v,,c ,i^„,„n nrrnrdins- to law, during the year 1802, on the Treasurer of the United States, on 
^'VLurirofteBZbTsIm^^^ of the Dutch Debt, after deducting repayments into 

the Treasury. "» 



No. of 
Warrant. 



2512 

2549 

2580 

2581 

2582 

2586 

2587 

2602 

2628 

2629 

2645 

2646 

2648 

2657 

2660 

2666 

2680 

2718 

2732 

2734 

2736 

2803 

2839 

2841 

2889 

2892 

2906 

2913 

2936 

2948 

2954 

2967 

2973 

2997 

3003 

3004 

3007 

3008 

3016 

3040 

3140 

3153 

3154 

3163 

3166 

3u;.7 

3170 
3175 
3207 
3225 
3239 
3256 
3260 
3261 
3279 
3343 
3347 
3369 
3377 
.3395 
3415 
3419 
3420 
3421 
3433 
■ 3437 
3439 
3454 
3456 
3458 
3461 
3473 
3477 
3490 
3499 
3503 



Date. 



January 



February 



March 



April 



May 



June 



July 



2, 1802. 
8, " 
15, " 



18, 
19, 
25, 
30, 
1, 
11, 

12, 

25, 

26, 

1, 

4, 

23, 

26, 

29, 

31, 

6, 

9, 
10, 
24, 
26, 
29, 
3, 
7, 
11, 
12, 
20, 
27, 

8, 
10, 

kb 

11, 
12, 
16, 
26, 
12, 
19, 



In whose favor. 



23, 
26, 






August 

•4 

September 

b 4 

bb 

kb 

October 

hb 

November 



December 



29, 

14, 

21, 

27, 

O 

•>■> 

4, 

", 

25, 

5, 

6, 
11, 
15, 
23, 

8, 
11, 

12, 
18, 
19, 
22, 
29, 

30, 
1, 
16, 

27. 
30, 
31, 



David Harris, 
Do 

S. Smith & Buchanan, - 
G. Simpson, 
David Harris, 

Do 
Jonathan Burrall, 
David Harris, 
P. R. Dal ton, 
Moore Wharton, 
Jonathan Burrall, 
David Harris, 
Do 
Do 
G. Simpson, 
John Mason, 
Jona. Burrall, 
David Harris, 
Do 
Do 
Do 
Jonathan Burrall, 
P. R. Dalton, 
David Harris, 
Do 
Do 
Jonathan Burrall, 

Do 
David Harris, 
Jacob G. Koch, 
D. Harris, 
Do 
Do 
J. G. Koch, 
Jonathan Burrall, 
David Harris, 
P. R. Dalton, 
G. Simpson, 
P. R. Dalton, 
J. Burrall, 

D. Harris, , - 

G. Simpson, 
D. Harris, 
Do 
J. Burrall, 
D. Harris, 
P. R. Dalton, 
D. Harris, 
J. Burrall, 
D. Harris, 
Do 
Do 
Peter R. Dalton, 
D. Harris, 

Do 
J. Nourse, 
D. Harris, 
Do 
Do 
Do 
Do 
Henry Cockridge, 
Henry Cockridge, 
D. Harris, 
Do 
Do 
Do 
Do 
Peter Muhlenberg, assignee, &c. 

Do Do 

D. Harris, 
Do 
Do 
Do 
Do 
Do 



Sums. 



$5,200 00 
18,600 00 
20,000 00 
50,000 00 
24,000 00 
4,000 00 
35,400 00 
6,000 00 
50,000 00 
37,000 00 
33,000 00 
3,200 00 
8,000 00 
134,000 00 
200,000 00 
229 20 
51,815 20 
20,000 00 
6,000 00 
20,000 00 
3,446 16 
37,200 00 
50,000 00 
12,000 00 
14,000 00 
6,000 00 
20,218 00 
20,000 00 
6,600 00 
40,000 00 
4,000 00 
4,000 00 
6,000 00 
40,000 00 
10,000 00 
6,000 00 
70,000 00 
1,287,600 00 
40,000 00 
11,200 00 
3,897 46 
205,000 00 
4,100 00 
8,610 00 
92,800 00 
4,100 00 
30,000 00 
10,250 00 
16,400 00 
4,100 00 
4,100 00 
3,280 00 
30,000 00 
12,300 00 
32,287 50 
3,075 00 
16,400 00 
2,562 50 
10,250 00 
1,640 00 
3,075 00 
1.50,000 00 
161,111 11 
8,200 00 
8,200 00 
5,125 00 
4,920 00 
6,150 00 
4,000 00 
3,314 90 
5,125 00 
4,510 00 
4,100 00 
4,100 00 
8,200 00 
70,000 00 



$3,359,992 03 



1803]. 



THE SINKING FUND. 



45 



G — Continued. 



No. of 
warrants. 



Dates of warrants in favor 
of the Treasurer. 



567 


April 


29, 


1802, 


571 


June 


19 


ka 


572 


it 


it. 


kk 


573 


b« 


a 


ik 


580 


hi 


30 


k* 


609 


Sept. 


30 


^^ 


610 


4b 


•• 


^* 


616 


Dec. 


31 


i 1, 


617 


6( 


4fc 


kh 



Brouglit forward, 

Fro7n tvhich deduct the following repayments, viz: 

Drawn on Jonathan Burrall, for amount of a pro- 
tested bill, -------- $3,840 00 

On Jesse and Robert Wain, 56,993 oo 

On ditto, - - 3,008 00 

On ditto, ----.-. 380 00 

On David Harris, for costs and damages of protested 

bills, ------ - - 16,264 72 

On Jonathan Burrall, ------ 4,800 00 

On ditto, ------- 9,810 00 

On George Simpson, - - - . . 19,684 00 

On David Harris, ------- 4,784 06 



3,359,992 03 



119,592 78 



,240,399 25 



Warrant drawn according to law, in the year 1802, on the Treumrer of the United States, on account of debts due 

to foreign officers. 



No. of 
warrant. 


Date. 


In whose favor. 


Sums. 


3023 


June 21, 1802, 


Rossier and Roulet, Attorneys for the heirs of Col. Gouvion, 


$7,994 92 



List of warrants drawn according to law, in the year 1802, on the Treasurer of the United States, on account of 

certain parts of the domestic debt. 



No. of 


Date. 




warrant. 




2601 


January 25, 1802, 


2659 


February 26, ' 




2677 


March 3, ' 




2802 


April 6, ' 




2908 


30, ' 




2917 


May 3, ' 




2970 


22, • 




2990 


June 7, ' 




3120 


July 8, • 




3360 


October 8, ' 




3410 


November 4, " 





In whose favor. 



Jonathan Snowden, 
Christopher Ellery, 
Thomas Sumter, 
Jacob Barnitz, 
John Davidson, - 
David Thomas, - 
James Davidson, - 
William Crawford, 
John Davidson, - 
Charles Tomkins, 
Do. do. 



Sums. 



$33 33 


26 


13 


237 


62 


199 


75 


103 


14 


12 


19 


14 


07 


470 


23 


28 


32 


10,722 


01 


3,120 


00 


$14,966 


84 



RECAPITULATION. 



Domestic debt. 

Domestic loans, - 

Interest on do. 

Dutch debt. 

Foreign officers, - 

Certani parts of domestic debt. 



Treasury Department, Eegister's Office, March 2, 1803. 



$4,618,021 39 

1.290.000 00 

162,025 00 

3,240,399 25 

7,994 92 

14,966 84 

$9,333,407 40 



JOSEPH NOURSE, Register. 



ft 



46 



FINANCE. [1803. 



C. 

Statement of interest payable on the public debt, in 1802, and on the domestic loans. 

FOREIGN DEBT. 

Guilders. 
Interest, ----- 1,145,250 

Gratifications, ----- }-'^^"" 

Commissions, ----- "'■'^^ i" 



1,109,327 10 at 40 Cts. $467,731 00 
DOMESTIC DEBT. 



^28,202,013 61 six per cent, stocit, 
13,676,044 05 ileferred " 



41,878,056 66 at 8 per cent. - - - . - $3,350,244 j3 

Deduct in stalinenfs on do. ascertained by a deduction oi 
the amount redeemed, per official statement, to 31st 
December, 1801, from the amount calculated, per table, 
to have been redeemed on 31st December, 1802, - 1,117,869 37 



2,232,375 16 



19,091,063 92 3 per cent. ------ f^.^l^^l l\ 

1,847,500 5d per cent - 101,612 50 

176,000 45 per cent. ------ /,y^u oo 

80,000 6 per cent. 31st May, 1796, - - - - 4,800 00 

711,700 Navy 6 per cent. ----- 42,70200 

6,480,200 8 per cent. .--..-- 518,416 00 

INTEREST ON DOMESTIC LOANS. 

Loan of 30th September, 1795, viz: 

On 500,000 dollars for 6 months, - $15,000 00 

On 100,000 dollars for do. - - 3,000 00 

' $18,000 00 

Loan of 31st December, 1794, at 5 per cent. 
On 1,150,000 dollars for 6 months, - $28,750 00 

On 500,000 dollars for do. - - 13,500 00 

$41,250 00 

Loan of 24th March, 1795, at 6 per cent. 

On 240,000 dollars for 6 months, - - - $7,200 00 

Loan of 5th March, 1795, at 6 per cent. 

On 150,000 dollars for 12 months, - - - 9,000 00 , 

Loan of 31st December, 1795. 

On 500,000 dollars for 13 months, - - - 30,000 00 

Loan of 28th December, 1798. 

On 300,000 dollars for 12 months, - - - 12,000 00 



$117,450 00 



Total amount of interest on the public debt, and on domestic loans, payable in the year 1803, $4,065,738 57 

Treasury Department, Register's Office, February I, 1803, Tncmu xir^TrnoT. r, ■ 

JOSEPH NOURSE, Register. 

NOTE 

Explanatory of the variation in certain capital sums of the public debt, uponvvhich the interest was calculated 
as becoming due in the year 1803, as severally stated by tlie Secretary of the Treasury, in his report to the House 
of Representatives, dated the 18th December, 1801, and his report to the Commissioners ot the Sinking Fund, dated 
the 3d February 1803, anil upon which the sum of 333 dollars 37 cents arose. 

$19,091,063 92 Interest thereon, at 3 per cent, being the amount included in the sum of 4,065,738 dol- 
lars 57 cents, the whole amount of interest which accrued during the year 1803, on the 
whole of the public debt, including domestic loans, and as stated by the Secretary of 
the Treasury, in his report to the Commissioners of tiie Sinking Fund, dated the 3d 

February. 1803, - - - - $573,731 91 

$19,079,705 63 at 3 per cent, being the amount as stated in the report of the Secretary ot the Treasury, 
to the House of Representatives, dated the 18th December, 1801, and relerred to therein, 
document accompanying that report, marked P, ----- 572^391 is 

$11,358 39 This difference arises from an increase of 3 per cent, stock, under the act of 12th 
June, 179S, more than paid into the treasury on account of lands, between the periods 
upon which the two statements were formed, viz: the 18th December, 1801, and 31st 
December, 1802. 



$340 75 

$41,879,525 33 Amount of per cent, stock upon which a calculation was made at 8 per cent, as stated 
by the Secretary of the Treasury in said report to tiie House of Representatives, refer- 
red to in said statement, marked P, - - - - - $3,350,362 01 
$41,878,086 66 Amount of said stock upon which a calculation was made, as stated by 
the Secretary of the Treasury in his aforesaid statement to the Commis- 
sioners of tiie Sinking Fund, ------ 3,350,244 53 

Deduct - - - . . • 117 48 

$1,468 57 This variation is from the two dates at which the calculations of interest were made, 
and arises from payments for lands in public stock, and thereby affects the principal. 
The first statement referred to in the report of the Secretary of the Treasury, of 18ti) 
December, 1801, was made by the Register on the 12th December, 1801, before the 
public accounts of stock were made up at the treasury to the close of tliat year: whereas 
the statement of stock referred to by tiie Secretary of the Treasury, in his report to the 
Commissioners of the Sinking Fund, was made by the Register from official documents 
agreeably to the printed statement of the public debt, on the 1st January, 1803. 



Treasury Department, Register's Office, March 3, 1803. 



!i223 27 



JOSEPH NOURSE, Register. 



rsOS.] STATE OF THE FINANCES. 

D. 

ESTIMATE. 



47 



Guilders. 



Amount of bills purchased in 1801, and not credited by the banker's account, ending 31st Decem- 
ber, 1801, ----------. .3 3(58 523 4 

Balance to the bankers on 31st December, 1801, by that account, - - - - . ' 19' 676 15 



Amount applicable to the demands of 1802, ----.... .3 343 §45 9 
Amount of bills purcliased in 1803, viz: ' ' 

Guilders. 2,790,235 3 8 at 40 cents, - - - -$1,116,094 06 

4,730,983 10 8 at 41 cents, ..... 1,930,70324 

7,521,218 14 4 



£ sterling: 70,000 at par, -.-... 311,111 11 



$3,366,908 41 



Which sum of $3,366,908 41, was paid in the followin" manner: 
The balance in the hands of the cashier of the Bank of the United States, and of the 
branch bank, Boston, agents for purchasing bills, on the 31st December, 1801, 
was -------.--. $20,961 40 

That balance, on the 31st December, 1803, was - - . . . 14,045 02 



And the difterence, .-----_.. $6.91638 

Together with the sum of ----- - - - 3,359.992 03 



Stated by the Register to have been applied to the Dutch debt, during the year 1802, 

makes -----.-... $3,366,908 41 

As above stated. - 

The above stated bills in guilders, viz: --.... 7,521,216 14 4 

Added to the J70, 000, sterling, equal, at lis. 2(/. to - - - 777.000 



Making the amount purchased during the year 1802, ------ 8,298,218 14 4 

10,647,065 3 4 
From wliich deducting the amount of bills protested, viz: ------ 290,000 



Leaves the amount applicable in Holland. -------- 10,357,065 3 4 

To which add repayment by the bankers, on account of Gouv. Morris, - - - - 41,787 10 8 

10,398,852 14 

Demands in Holland during the year 1803, -.----.. 4,529,327 10 



Amount of remittances purchased previously to 1st January, 1803, applicable to the demands during 

that year, - - - - - - - - - - - 5,869,525 4 

Exclusively of protested bills not taken up, guilders, . . - . 140,000 

And of the above stated balance in the hands (a.) of cashiers on tlie 31st Decem- 
ber, 1802, -.-.---- $14,045 02 



(a.) Viz ; In hands of Messrs. Simpson, and Dalton. 



SthCoxGKEss.] ]Vo. 200. [1st Session. 

STATE OF THE FINANCES. 

COMMUNICATED TO THE SENATE, OCTOBER 25, 1803. 

In obedience to tlie directions of the act supplementary to the act, entitled " An act to etsablish the Treasury 
Department," the Secretary of the Treasury respectfully submits the following report and estimates: 

The annual nett proceeds of the duties on merchandise and tonnage, had, in former reports, been estimated at 
nine millions five hundred thousand dollars. That estimated revenue, predicated on the importations of the years 
immediately preceding the late European war, and on the ascertained ratio of increase of the population of the 
United States, appears, from the experience of the two last years, to have been underrated. The nett revenue 
arising from that source, which accrued during the year 1803, exceeds ten millions one hundred thousand dollars. 
The revenue which has accrued duiing the two first quarters of the present year, appears, from the best estimate 
that can now be formed, to have been only fifty thousand dollars less than that of the two corresponding quarters of 
the year 1802; and the receipts in the treasury, on account of the same duties, during the year ending the 30)h Sep- 
tember last, have exceeded ten millions six hundred thousand dollars. Those tacts afford satisfactory evidence 
that the wealth of the United States increases in a still greater ratio than their population, and induce a belief that 
this branch of the public revenue may now be safely calculated at ten millions of dollars. 

From the statement A, it will appear that the same revenue, f(u- the two last years of the late European war, 
(1800 and 1801) calculated at the present rate of duties, averaged 11,600,000 dollars a year: but, although it might, 
with some degree of probability, be supposed that the renewal of hostilities will again produce a similar increase, no 
inference from that period is drawn in this report, in relation to the revenue of the ensuing years. 

The statement B shows the several species of merchandise on which the duties on importations were collected, 
during the year 1802, the portion of that revenue which was derived from drawbacks, and that which arose from the 
extra duty on merchandise imported in foreign vessels. 



FINANCE. ' [1803. 



Although the sales of the public lands, during the year ending on the 30th day of September last, were aifected 
by the situlition of the Western country, two hundred thousand acres have been sold during that period; and, as it 
appears by the statement C. that,.independent of future sales, the sums already paid to the Receivers, together with 
those which, exclusively of interest, fall due during the three ensuing years, amount to 1,250,000 dollars; the annual 
revenue arising from the proceeds of those sales, cannot be estimated at less than four hundred thousand dollars. 
The extension of post roads, and the acceleration of the mail, whilst diffusing and increasing tlie benefits of the 
institution, have, as an object of revenue, rendered it less productive. The receipts from that source have amounted, 
durin" the last year, to 27,000 dollars; but, as neither these, nor those arising from some other smaller incidental 
brancTies, are of sufficient importance to effect any general result, the whole existing revenue of the United States 
will be computed at only ten millions four hundred thousand dollars. 

The permanent annual expenses of government, which, under existing laws, must be defrayed out of that revenue, 
amount to nine millions eight hundred thousand dollars, to wit: 

l&t. The annual appropriation of 7,300. 000 dollars, for the payment of the principal and interest of the 
debt; of which about three millions and a half are at present applicable to the discharge of the prin- 
cipal, and the residue to the payment of interest, ------ $7,300,000 

3d. The current expenses of Government, which, according to the estimates for the year 1804, 
consist of the following items, viz: 

For the civil department, and all domestic expenses of a civil nature, 
For expenses attending the intercourse with foreign nations, including the permanent appro- 
priation for Algiers, and all other expenses relative to the Barbary Powers, - 
For the Military and Indian departments, - - - - 

For the Naval establishment, calculated on the supposition that two frigates and four 
smaller vessels shall be kept in commission, . - - .. 



791,000 




184,000 
875,000 




650,000 


2,500,000 




- 


9,800,000 
10,400,000 


- 


$600,000 



And deducted from the permanent revenue of - - - - 

Leave a surplus revenue of six hundred thousand dollars, applicable to other objects. 

The following extraordinary resources and demands, not being of a permanent nature, are not included in that 
calculation, to wit: 

The specie in the treasury, which, on the 30th day of September last, amounted to - - 5,860,000 

The arrears of the direct tax, estimated at - - - - - - - 250,000 

The outstanding internal duties, amounting to near - - - - - - 400,000 

And the sum which will be repaid to the Li nited States on account of advances heretofore made in Eng- 
land, for the prosecution of claims, estimated at, - - - - - - 150,000 

^6^660^000 

Constituting an aggregate of more than six millions six hundred thousand dollars, which, after reserv- 
ing the sum which it is necessary to keep in the treasury, will be sufficient to discharge the demands 
due on account of the convention with Great Britain, and amounting to " . . ' . " $2,664,000 

Sundry extraordinary expenses in relation to the conventions with France and Great Britain, estimated 

at - - - - - - - - - - 100,000 

The loan obtained from the State of Maryland for the city of Washington, amounting to - - 200,000 

And also to pay two millions of dollars on account of the purchase of Louisiana; being the same sum 
which was reserved for the purposes contemplated by the law of the last session, appropriating that 
amount for the extraordinary expenses attending the intercourse with foreign nations. ■ - 2,000,000 

4,964,000 



It appears by the estimate D, that, during the year ending on the 30th September last, the payments 

trom the treasury, on account of the public debt, have amounted to - - - - 3,096,700 

Which, together with the increase oi' specie in the treasury, during the same period, amounting to - 1,320,000 

Makes an actual difference in ilivor of the United States, of more than four millions four hundred 

thousand dollars during that year, - - - - - - 4,416,700 

The payments on account of the principal of the public debt, from the 1st day of April, 1801, to the 30th 

day of September. 1803, have amounted, as appears by the estimate E. to - - ~ 9,924,004 

The specie in the treasury on the 1st day of April. 1801, amounted to - - 1,794,000 

Andon the 30th day of September, 1803, to .---.. 5,860,000 



Making an increase of - - - - - - - - - 4,066,000 



Those two items constitute an aggregate of - - - - - - - 13,990,004 

From which deducting the extraordinary resource arising from the sales of the bank shares, which pro- 
duced, --.-..---. 1,287,600 

Leaves, for the amount of the true difference, ------- 12.702,404 

In favor of the United States, for that period of two years and a half, a sum of twelve millions seven hundred 
thousand dollars. 

From that view of the present situation of the financial concerns of the United States, it seems that the only ques- 
tion which requires consideration, is. whether any additional revenues are wanted in order to provide for the new 
debt, which, if Cimgress shall pass the laws necessary to carry the treaty with France into effect, will result from 
the purchase of Louisiana. 

The sum which the United States may have to pay by \irtue of that treaty, amounts to fifteen millions of dollars, 
and consists of two items: 1st, 11,250,000 dollars payable to the Government of France, or to its assignees, in a stock 
bearing an interest of six per cent., payable in Europe, and the principal of which will be discharged at the treasury 
of the United States, in four instalments, the first of which shall commence in the year 1818. 2dly, a sum which 
cannot exceed, but may tall short of, 3,750,000 dollars, payable in specie at the treasury of the United States, during 
the course of the ensuing year, to American citizens having claims of a certain description on the Government oT 
France. 

It has already been stated that two millions of dollars may be paid from the specie now in the treasury, on 
account of the last item; and the whole amount of the new debt which may eventually be created, cannot, therefore, 
exceed thirteen millions of dollars, the annual interest of which is equal to 780,000 dollars; but, on account of com- 
missions and variations of exclisnge, will be estimated at eight hundred thousand dollars. 

The existing surplus revenue of the United States will, as has been stated, be sufficient to discharge six hundred 
thousand dollars of that sum; and if is expected that the nett revenue collected at New Orleans will be equal to the 
remaining two hundred thousand dollars. That opinion rests on the supposition that Congress shall place that port 
on the same looting as those of the United States, so that the same duties shall be collected there, on the importa- 
tion of foreign merchandise, as are now, by law, levied in the United States, and that no duties shall be collected. 



1803.] 



STATE OF THE FINANCES. 



49 



either on the exportation of produce or merchandise, from New Orleans to any other place, nor on any articles 
imported in the United States from the ceded territories, or into those territories, from the United States. 

The statements F, G, H, exiiibit the annual exports and imports of the United States, to and IVom Floiida and 
Louisiana, for the years 1799 to 1802: and the statement G particulaily shows, that the exportations from tlie 
Atlantic States to those colonies, of articles, not of the growth, produce, or manufacture, of the United States, 
amounted, for the three years, 1799, 1800, and 1801, to 6,622,189 dollars, makini; an average of more than two mil- 
lions two hundred thousand dollars of foreign articles liable to pay duty,aiuiually imported into Florida and Loui- 
siana from the United States alone. 

It is ascertained that the exportations from the United States to Florida are so trifling that that statement may be 
considered as applying solely to New Orleans; and it is also known, that almost the whole of those iinpoitations 
were consumed within that colony; and that, during the war, the supplies from the United States constituted by far 
the greater part of its imports. 

Fnmi thence it results, that the annual importations into the ceded territory, of articles destined for the consump- 
tion of its own inhabitants, and which will, under the rcvemie laws of the United Slates, be liable to pay duly, may 
safely be estimated at two millions five hundred thousand dollars: an amount which, at the present rate of duties, 
will yield a revenue of about 350,000 dollars. 

From that revenue must be deducted 150,000 dollars, for the following items, vi/,: 

1st. The amount of duties on a quantity of sugar and indigo, equal to that whicli shall be imported from ISew 
Orleans to the United States, as those articles, being imported fiee from duty, will diminish, by so much, the revenue 
now collected in the seaports of the United States. TJie whole amount of sugar ex|)orted from New Orleans is less 
than 4,000,000 of pounds, and that of indigo is stated at about 30.000 pounds. Supposing (which, on account of that 
exemption, is not improbable) that the whole of those articles should, hereafter, be exported to the United States, the 
loss to the revenue will be about 100,000 dollars. 

2d. No increase of expense in the military establishment of the United States is contemplated on account of the 
acquisition of territory; but the expenses of the civil administration of the province, and those incident to the inter- 
course with the Indians, are estimated at 50,000 dollars: leaving for the nett re\enue derived from the province, 
and applicable to the payment of the interest of the new debt, 200,000 dollars, as above stated. The only provi- 
sions, which, if that view of the subject be correct, appear necessary, and are respectfully submitted, are, 1st, in 
relation to the stock of 11,250,000 dollars, to be created in fiivor of the Government of France, or of its assignees. 

That that debt be made a charge on the sinking fund, directing the Commissioners of the fund to apply so much 
of its proceeds as may be necessary for the payment of interest, and reimbursement or redemption of the principal, 
in the same manner as, by the existing laws, they are directed to do in relation to the payment of interest and dis- 
charge of the principal of the debt now charged on that fund. 

Tnat so much of the duties on merchandise and toiniage as will be equal to seven hundred thousand dollars. 
being the sum wanted to pay the interest of that new stock, be added to the annual permanent appropriation for the 
sinking fund, making, together with the existing appropriation, eight millions of dollars, annually applicable to the 
payment of the interest and principal of the public debt. 

And that the said annual sum of eight millions of dollars remain thus pledged, and be vested in the Commission- 
ers of the Sinking Fund, in ti'ust for the said payments, unlil the whole of the existing debt of the United States 
and of the new stock shall have been reimbursed or redeemed. 

As a sum, equal to the interest accruing on the new stock, will thus be added to the sinking fund, the operation of 
that fund, as it relates to the extinguishment of the existing debt, will remain precisely on the same footing as has 
been heretofore provided by Congress. _ The new debt will neither impede or retard the payment of the principal of 
the olil debt; and the fund will be sufficient, besides paying the interest on both, to discharge the principal of the 
old debt before the year 1818, and that of the new within one year and a half after that year. 

2(1. In relation to the American claims, the payment of which is assumed by the convention with France. 

That a sum not exceeding 3,750,000 dollars, inclusive of the two millions appropi-iated by a law of the last session 
of Congress, for defraying the extraordinary expenses incident to the interct>urse with foreign nations, be appro- 
priateil for the payment of those claims, to be paid out of any moneys in the tieasury not otherwise appropriated. 

That, for the purpose of effecting the whole of that payment, the President of the United States be authorized to 
borrow a sum not exceeding 1,750,000 dollars, at an interest not exceeding six per cent, a year. 

And that so much of the proceeds of the duties on merchandise and tonnage, as may be necessary, be appro- 
priated for the payment of the interest, and lor the reimbursement of the principal of the loan, which may, eventually, 
be effected by virtue of the preceding provision. 

It is not proposed to charge that loan on the sinking fund, because its amount, in case it shall be efTecfed, cannot, 
at present, be ascertained; and because it may, perhaps, under the then existing circumstances of the treasury, be 
found more expedient not tojiorrow the money, and, in lieu of it, to pay, out of the sinking fund, the whole, or a 
part of the tvvo last instalments, payable by virtue of the convention with Great Britain, as authorized by the act 
making provision for the payment of the whole of the public debt. 

It is evident that the possibility of thus providing for the payment of tiie interest of a new debt of thirteen mil- 
lions of dollars, without either recurring to new taxes, or interfering with the provisions heretofore made for the 
payment of the existing debt, depends on the correctness of the estimate of the public revenue which has been sub- 
mitted. Although it is not without diffidence that the hope of such favorable result is entertained, some reliance is 
placed on the solidity of the basis on which the estimate is grounded. It rests, principally, on the expectation that 
the revenue of the ensuing year shall not be less than that which accrued during the year 1802. No part of it depends 
on the probable increase which may result froni the neutrality of the UnitedStates during the continuance of the 
war in Europe, nor even on tlie progressive augmentation, which, from past experience, may naturally be expected 
to arise from the gradual increase of' population and wealth. Nor has that elTect been taken in consideration, which 
the uninterrupted free navigation of the Mississippi, and the acquisitit)n of New Orleans, may have, either on the 
sales of the public lands, or on the general resources of the inhabitants of the Western States. 

All which is respectfully submitted. 

ALBERT GALLATIN. Secretary of the Treasury. 

A. 

.^ State7ne7il ea-hibiliuff the amount of duties icldch accrued oi Merchandise and Tonnage; of debentures issued on 
the exportation of Foreign Merchandise; of payments for bounties and allowances and for expenses of collection, 
during each of the years 1800, 1801, and 1802. 





Duties on 


Debentures 
issued. 


Bounties 
and allow- 
ances. 


Gross revenue. 


Expenses 
on collec- 
tion. 


Nett revenue. 


Years. 


Merchandise. 


Tonnage. 


Passports and 
Clearances. 




1800 (a) 

1801 (b) 
1802 


Dolls. Cts. 
16,003,779 77 
20,594,331 48 
14,741,566 95 


Dolls. Cts. 
143,523 71 
188.147 79 
160,424 70 


Dollars. 
14,804 00 
18,238 00 
13,862 00 


Dollars. 
5,249,282 
7,819,093 
4,197,256 


Dolls. Cts. 
106,178 66 
103,107 30 
133,978 07 


Dolls. Cts. 

10,806,646 82 

12,878,516 97 

C 10,584,619 58 


Dolls. Cts. 
440,373 62 

482,772 70 
484,018 06 


Dolls. Cts. 
10,366,273 20 
12,395,744 27 
10,100,601 52 



m 



FINANCE. 



[1803. 



NOTES TO THE PRECEDING TABLE. 



(a.) The nett amount of duties, (after deducting drawbacks) for the year 1800, at the present rates of duty, would 
have been ..------ 

10 per cent, extra duty, ------- 

Tonnage and passports, - - 



Deduct expenses on collection, 

Nett revenue, at present rate of duties, 

(6.) The extra duty for the year 1801, was 

(c.) Gross revenue for the year 1802, - 
Deduct interest and storage. 

Gross revenue, per statement B, 



Gross revenue. 



Statement A. — Continued. 



$10,890,753 03 
206,975 61 

11,097,728 64 
158,327 71 

11,256,056 35 
440,373 62 

10,815.682 73 

$256,621 72 

$10,584,619 58 
13,556 95 

$10,571,062 63 



A Statement of the amount of Jimerican and Foreign Tonnage, respectively employed in foreign trade, for each 
of the years 1800, 1801, and 1802, as takenfrom the records of the Treasury. 



Years. 



1800 
1801 
1802 



American tonnag'c in 
foreign trade. 



$682,871 
849,302 
787,301 



Foreig'n tonnage. 



$123,882 
158,365 
143.366 



Total amount of tonnage 
employed in the foreig-n 
trade of the United 
States. 



$806,753 

1,007,667 

930,667 



Proportion of foreign ton- 
nage to the whole am't 
of tonnage employed in 
the foreign trade of the 
United States. 



15.4 to 100 
15.7 to 100 
15.4 to 100 



Treasury Department, Begister's Office. October 24, 1803. 



JOSEPH NOURSE, Register. 



B. 

A Statement exhibiting the value and quantities, respectively, of merchandise, on which duties actually accrued, 
during the year 1802, {consisting of the difference between articles paying duty, imported, and those entitled to 
drawback, re-exported) and also, of the nett revenue which accrued during that year, from duties on merchan- 
dise, tonnage, passports, and clearances. 



Goods paying duties ad valorem, viz: 
$ 23,377,717, at 12^ per cent. 
7,888,614, 15 do. 
439,830, 20 do. 



31,706,161 
(a) Spirits, 7,720,232 gallons, at 29.2 cents average, 
(Z») Sugar, 39,443,814 pounds, 2i do. 

Salt, 3,244,309 bushels, 
(c) Wines, 1,912,274 gallons, 
id) Teas, 2,406,938 pounds, 

Cotfee, 6,724,220 pounds. 

Molasses 6,317,969 gallons, 
(e) All other articles, 



20 

33.9 average, 

15.9 average, 

5 

5 



Deduct amount of duties refunded, 

"' (/) Three and a half percent, retained on drawbacks, - 

!^ Extra duty of 10 per cent, on merchandise imported in foreign vessels, 

Nett amount of duties on merchandise, . . - - 

Duties on tonnage, ------- 

Duties on passports and clearances, - - - - - 

Gross revenue, per statement A, . - - - - 

(§■) Sundry accounts, not yet received, estimated - - - - 



Deduct expenses of collection, 



$2,922,214 62 

1,183,292 10 

87,966 00 

4,193,472 72 

2,253,496 17 

975,755 61 

648,861 80 

683,816 72 

382,699 00 

336,211 00 

315,898 45 

286,533 00 

10,076,744 47 
13,331 99 



Nett revenue, 



10,063,412 48 
153,275 45 
180,088 00 

10,396,775 93 

160,424 70 

13,862 00 

10,571,062 63 
30,000 00 

10,601,062 63 
484,018 06 

10,117,044 57 



(a.) Spirits, viz: Grain, 





Explanatory Statements and Notes. 


1st proof. 


648,024 gallons. 


at 28 cents. 


2d do 


108,909 


29 


3d do 


5,670 


31 


4th do 


57,914 


34 


5th do 


1.389 


40 


6th do 


5,696 


50 



$181,614 72 

31,583 61 

1,757 70 

19,690 76 

555 60 

2,848 00 



1803.] 



STATE OF THE FINANCES. 



51 



Other materials, 1st and 2d proof, 

3d do 
4th do 
5th do 
6th do 



1,268,436 gallons, at 25 cents, 

3,070,480 28 

2,957,373 32 

52,199 38 

1,198 46 



Imported, 
Exported, 

Consumed, 



8,177,888 
457,656 

7,720,232 



(b.) Sugar, brown. 



Deduct excess of white, exported 



41,511,762 lbs. at 2i cents, 
2,067,948 3 



39,443,814 



(f.) Wines, viz: Madeira, 1st quality, 



ditto. 



do 



gallons, 172,273 at 58 cents, 



Sherry and St. Lucar, 
Oporto and Lisbon 
Burgundy and Chanipaigne, 
Tenerirte, Fayal, anil Malaga, 
Other, in bottles, 
Ditto, in casks, 



((/.) Teas, viz: Bohea, 



Souchong, 
Hyson, - 
Other green. 



64,271 


50 


639,960 


40 


275,234 


30 


3,952 


45 


624,856 


28 


51,443 


35 


80,285 


23 



Gallons 



1,912,274 



pounds, 1,413,268 at 12 cents, 

138,860 18 

142,917 32 

711.893 20 



lbs. 2,406,938 



- 


$317,109 00 


- 


859,734 40 


' 


946,359 3ti 


- 


19,835 62 


- 


551 08 


Duties, 


2,381,639 85 


do 


128,143 68 



do 



Duties, 



$2,253,4 96 17 

$1,037,794 r5 
62,038 44 

$975,755 61 



$99,918 


34 


32,135 


50 


255,984 


00 


82,570 


20 


1,778 


40 


174.959 


68 


18,005 


05 


18,465 


55 


$683,816 


72 


$169,592 


16 


24,994 


80 


45,733 


44 


142,.378 


60 



Duties, $382,699 00 



(e.) ALL OTHER ARTICLES. 



Beer, ale, porter, &c. 


gallons. 


$ 182,573 


Cocoa, - ... - 


pounds, 


145,822 


Chocolate, - - - - 


do 


5,301 


Candles, tallow, - 


do 


- 


Ditto, wax. 


do 


1,552 


Cheese, - . - - 


do 


90,199 


Soap, - - - - - 


do 


- 


Pepper, . . - - 


do 


201,585 


Pimento, - - - - 


do 


211,871 


Tobacco, - - - ■ 


do 


203,858 


Snuft; - . - - 


do 


3,449 


Loaf sugar, - - - 


do 


10,009 


Indigo, . - - - 


do 


- 


Cotton, - . - - 


do 


144,638 


Nails and spikes. 


do 


3,392,636 


Lead, . . - - 


do 


1,252,397 


Steel, - - - - 


cwt. 


11,326 


Hemp, - - - - 


do 


82,720 


Cables and tarred cordage, - 


do 


8.772 


Untarred cordage. 


do 


1,046 


Twine and pack thread. 


do 


1,586 


Glauber salts. 


do 


863 


Coal, - - - - - 


bushels. 


445,417 


Boots, - - - - - 


pairs. 


4,358 


Shoes, silk, - 


do 


8,885 


All other - 


do 


66,717 


Wool cards. 


dozens, 


265 


Playing ditto. 


packs. 


- 



aUASTITIES. 



Excess of im- 
portation over 
exportation. 



Excess of ex- 
portation over 
importation. 



$32,534 



124,309 



6;%526 



11,121 



Rate of 

duty. 



Excess of 
duties over 
drawbacks. 



Cents. 



/ 
2 

6 

4 

10 



1 

100 
100 

180 

225 

400 

200 

5 

75 

25 

15 

50 

25 



$14,606 

2,916 

159 

93 
6,314 

12,095 

8,475 

20,386 

759 

901 

1,339 

67,853 

12,524 

11,. 326 

82,720 

15,790 

2,354 

6,344 

1,726 

22,271 

3,269 

2,221 

10.008 

133 



Excess of 
drawbacivs 
over duties 



$651 
2,486 

17,132 



2,780 



$309,582 23.049 



$286,533 



(/. ) Three and three-fourths percent, was retained during the first six months of the 

year, one-fourth per cent, of which was in lieu of stamp duties, and ceased with 

the mternal taxes, but is blentled in the statement with the duties collected. 

{g.) The two following collector's accounts, (wlio are out of oflice) have not been 

received, viz: 

Marblehead, from 1st April to Uth September, ? 

Wilmington, North Carolina, from 1st January to 31st March, 5 

And the accounts for Natchez, i'rom 1st July to 31st December, not included 

Deduct the following accounts for 1801, included in statement, viz: 

Penobscot, from 1st October to 23d December, - - - - 

Marblehead, from 1st July to 31st December, - - - - 



estimated at 



$50,117 72 
10,985 28 



1,895 84 
29,207 16 



$61,103 



31.103 



$30,000 



Treasury Department, Register'' s Office^ October 24, 1803. 



52 



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1803.] 



STATE OF THE FINANCES. 



53 



Statement C — Continued. 
Estimate showing ivhen the instalments which compose the bahmce due by individuals will become payable. 



DISTRICTS. 


Remaining due 
for 1803. 


Becoming- due 
in 1804. 


Becoming' due 
in 1805. 


Becoming due 
in 1806. 


Becoming- due 
in 1807. 


TOTAL. • 


Marietta, 
Steubenville. - 
Chillicothe, - 
Cincinnati, 


$1,681 OU 

15,187 48 
23,349 86 


4,162 94 
138.158 40 
107,035 01 
125,019 98 


4,601 65d 
161,187 65 
124,824 65 
146,831 89^ 


2,244 26 

89.958 75 
30,021 98 
60,288 10 


773 13i 

27,538 82 
14,375 50 
15,149 09i 


$13,463 OOi 
416,843 62 
291,444 62 
370,638 93 




$40,218 35A 


374.376 33 


437,445 85 


182,513 09 


57,836 55 


$1,092,390 I7i 



Total sales of Land, from the opening of the Land Offices to 'Mth September, 1803. 

Acres. lOOths. 
From tiie opening of the Land Offices to 1st November, 1801, - - - 398,646.45 

From 1st November, 1801, to 1st November, 1802, ----- 340.009.77 

Amount, as above stated, ---".-- 199.080.64 

Deduct sales in October, 1802, included in statement ior 1802, - 18,012.21 181,068.4.> 



Treasury Department, Register's Office, October 22, 1803. 



Total acres, 919,724.65 
JOSEPH NOURSE, Register. 



D. 

An estimate of the Principal redeemed of the Deljt of the United States, from the 1st October, 1802, to the mh 

September. 1803. 



On account of the Domestic Debt. 

The amount of warrants issued on the Treasurer of the United States, during that 
period, according to the quarter yearly statement ot receipts and expenditures, 
exclusive of $2,047 48 repaid into the treasury, was , " , " " 

Deduct interest, which accrued during the same period, calculated quarter yearly. 

Leaves the amount of principal discharged, " ,.,, , ', , .„ \-o.,i' 

Payments were made into the treasury, in certificates ot the debt ot the L . St^xtes, 

for lands purchased, - ■; ; ; , r ,i • ' .■ i u/ 

Payments were made to foreign officers, and ot certain parts ot the domestic debt. 

On account of the Foreign Debt. 

The amount of warrants issued on the Treasurer, exclusive of $108,319 39. repaid 

into the treasuiy. including $5,502, received tor damages on bills protested, was. 

Deduct interest on one year, - - - **'^?\',!^t' ?,^ 

Commissions at 1 per cent. - - , ^ - '*'00' "" 

Add the difterence between 41 cts. per guilder, and 40, the par 



on $2,868,588 7.6, 
Deduct damages received, 

Amounting to. 



28,685 88 



$432,786 88 
5.502 00 



$4,606,352 35 
3,399,555 33 



2,278,977 16 



427,284 88 



1,206,797 02 

5,343 17 
32,868 22 



1,851,692 28 



$3,096,700 69 



Treasury Department, Register's Office, October 22f/, 1803. 

JOSEPH NOURSE, Register. 



tt 



54 



FINANCE. 



[1803 



E. 

An estimate of the Principal redeemed of the Debt of the United Stales, from the 1st .^pril, 1801, to 30th Sep- 

tember, 1803. 



On account of the Domestic Debt. 

The payments from tlie Treasury of the United States were as follows: 
From 1st April, 1801. to 31st December following, - - - - 

From 1st January, 1802, to 31st December tollowing. 
From 1st January, 1803, to 30th September tollowing. 

Deduct interest which accrued during the above periods, viz: 
From 1st April, 1801, to 31st December following, - - $2,633,636 70 

From 1st January. 1802, to 31st December loUowing, - 3,451,696 97 

From 1st January, 1803, to 30th September tollownig, - 2,538,378 91 



Total interest which accrued, calculated on the real amount of principal, at the 
several rates of interest, ..---- 

Paid on account of principal, .----- 

Whereof, 
From 1st April, 1801, to 31st December following, - - - • 

From 1st January, 1802, to 31gt December following. 

From 1st January. 1803, to 30th September tollowing, 

As above, .------ 

Payments made in certificates of the debt of the United States, on account of lands 

purchased. 
From 1st April, 1801, to 31st December following, - - - - 

From 1st Januaiy, 1802, to 31st December tollowing. 
From 1st January, 1803, to 30th September following. 

Payments to foreign ofticers, and for certain parts of the domestic debt. 
From 1st April, 1801, to 3Ist December following, - - - - 

From 1st January, 1802, to 31st December following. 
From 1st January. 1803. to 30th September tollowing. 

Payments on account of domestic loans. 
From 1st April, 1801. to 31st December following, - - - - 

From 1st January, 1802, to 31st December following. 

Payments on account of the Dutch debt. 
From 1st April. 1801, to 31st December following, - - - - 

F/oin 1st January, i802, to 31st December following. 
From 1st January, 1803, to 30th Septembei- tollowing, 



$3,613,378 65 
4,618,021 39 
3,033,828 76 



11,265,228 80 



Interest and commissions, viz: 

Fnmi 1st April, 1801, to 31st December following. 
From Isl January, 1802, to 31st December following. 
From 1st January. 1803, to 30th September following, 



Guilders. Dolls. 

616,352 10=246,541 
1.156.827 10 = 462,731 
917.080 = 366,832 



To which add — 

The dift'erence between 41 cts. per guilder, and 40, the 

par on 6,689,779 3 14 ■ - 60,897 79 

Deduct therefrom, the dift'erence between 39 and 40 cents 

per guilder, on 890,364, •■ - - 8,903 64 



1,076,104 



57.994 15 



Damages received, deduct - - - - 

Leaves the total to be deducted for interest and commissions. 



1,134,098 15 
11,910 78 



8,023,712 58 



979,741 95 

1,166,324 42 

495,449 85 



3,641,516 23 



23,816 58 

15,518 49 

4,604 59 



18,235 66 
22,961 76 
19.026 21 



700,000 00 
1,290,000 00 



1.306,726 59 
3,240,399 25 
1,819,386 73 



$6,366,512 57 



- I 1,122,187 37 



Deduct also, certain bills of CKchaiiM, returned under protest for non payment, 
and in a way of recovery, but which, not being applied, is deducted — 

Guilders. 140,000, cost, ------ 



Amounting to 



S5,244.325 20 
$56,000 00 



2,641,516 22 



43,939 66 



60,223 63 



1,990.000 00 



5,188,325 20 



$9,924,004 71 



Treasury Department, Register's Office, October 22d. 1803. 

JOSEPH NOURSE. Register. 



1803.] 



STATE OF THE FINANCES. 



55 



Note to Statement E. 



From tke amount of debt redeemed from the 1st April, 1801, to the 30th Septem- 
ber, 1803, amounting, as per this statement, to - - - 

Deducting the amount redeemed, from 1st October, 1802, to 30th September, 1803, 
amounting, as per statement D, to - 

Leaves the amount redeemed, from 1st April, 1801, to 30th September, 1802, 
The Secretary of the Treasury, in his re|)ortof the 16th December, 1802, states the 
amount redeemed, during the same period, exclusively of 1,287,600 dollars, 
bank debt, discharged out of the ni'oceeds of bank, shares, at - - 

To which, adding the amount of bank debt thus discharged, 

Makes an aggregate of - - - 

Making a difference between this statement and that of the Secretary, 

Arising as follows, viz.: 

I. The Secretary, in his report of December 18, 1801, did not include the follow- 
ing items of debt, discharged between the 1st April, and 30th September, 1801, 
to wit: 

1st. Payments to foreign officers, and on account of certain parts of the domestic 
debt, - - , -. . - 

2d. Payment on account of the principal of the domestic debt, by the reimburse- 
ment of three per cent, on the nominal amount of the six per cent, and deferred 
stocks, - - ; - - '..".." 

Which payment was exclusively of tiiat to the trustees_of the sinking fund, 
of $129,048 83, stated by the Secretary in his report 

3d. Payment on account of the foreign debt, arising from his having estimated the 
interest accruing during these six months, atone iialfof that tor the calendar 
year, viz: - - - - - - 245,980 50 

Whilst the real interest accruing during said six months, was - 209,272 00 

II. The Secretary, in his report of 16th December, 1802, 

1st. Estimates, the interest accrued on the domestic debt, from 1st October, 1801, 

to 30th September, 1802, at .... - 

By the Register's calculation, it amounted to . - . . 

2d. He estimated the deduction on account of rate of exchange and bills in suit, 
at less than it really was, -.-..- 

III. The Register has inserted in the amount of this estimate, for a debt due to the 
United States, paid in stock, . . . . _ 



1 

1 


$9,924 004 71 


- 


3,096,700 69 


6,827,304 02 


$5,339,886 44 
1,287,600 00 




- 


6,627,486 44 


$199,817 58 


17,752 23 




1 

142,271 28 




36,708 50 


196,732 01 


3,470,259 75 
3,464,706 29 


5,553 46 




2,619 22 


2,934 24 






151 33 


$199,817 58 



m 



FINANGE. 



[1803. 



Imports from Floridas and Louisiana, for the years ending on 20th September, 1799, 1800, 1801, a?!rf 1803. 



SPECIES OF MERCHAXUISE. 



pounds, 



Value of goods, ad valorem, dolls. 

Do. wines, do. 

Madeira, sherry, &c. gallons. 

All other wines. 

Spirits from grain. 

Do. other materials, 

Do. domestic produce, - 

Molasses, 

Beer, ale, and porter, - 

Teas, 

t'oftee. 

Chocolate, 

Sugar, brown. 

Do. white, clayed, - 

Do. lump. 

Do. candy and loaf. 

Candles, tallow, 

Do. wax, 

Cheese, 

Soap, 

Pepper, 

Pimento, 

Tobacco, (say cigars) - 

Snuft", 

Indigo, 

Cotton, 

Nails, 

Lead , 

Cordage tarred. 

Do. untarred. 

Twine and packthread, 

Salt, glauber. 

Do. 

Do. 

Coal, 

Boots, 

Shoes, 

Cards, wool and cotton, dozens. 

Do. playing, - packs. 



cwt. 



pounds, 
bushels, 

pairs. 



Total value. Bolls. 



1799. 



60,739 
8,306 

2,527 

240 

39,743 

8,778 



12,011 
4 

751,512 
22,030 



262 
181 

65,016 
842,200 



53 



4,233 



507,133 



1800. 



$26,631 

6,748 

34 
42,579 



1,560,849 
16 



752 

4,504 

136,257 

1,615,265 

135 

25 



5,370 
1 



904,333 



1801. 



$43,262 

1,463 

1,971 

122 

9,615 

448 

1,013 

6,561 

30,623 

150 

957,169 

7,633 

2,231 

596 

897 



2,828 
82 

1,243 
5 

47,740 
2,228,945 

242,928 



176,286 
4,431 



548 

7 

18 



956,635 



Treasury Department, Register's Office, October 24, 1803. 



1803. 



$76,268 

1,753 
5,360 
1,099 
9,044 

35,051 

611 

1,137 

100,934 

1,170 

1,567,117 

9,134 

474 

208 

614 

5 

65 

10,862 

1,454 

2,193 

1,878 

21 

60,063 

1,931,538 

2,330 

208,427 



143,687 

2,733 

306 

1 

148 

78 
595 



1,006,314 



JOSEPH NOURSE, Register. 



G. 



' Value of the Exports of Foreign and Domestic Produce to Floridas and Louisiana, from the Atlantic States, for the 

years ending on 30th September, 1799, 1800, 1801, and 1803. 





1799. 


1800. 


1801. 1803. 




Foreign. 


Domestic. 


Foreign. 


Domestic. 


Foreign. 


Domestic. 


Foreign. 


Domestic. 


Massachusetts, - 

New York, 

Pennsylvania, - 

Delaware, 

Maryland, 

Virginia, 

North Carolina, - 

South Carolina. - 

Georgia, 


74,630 

3,188,038 

331,635 

6,340 

316,165 

96,961 

244,449 
8,150 


5,767 

357,101 

25,933 

6,502 

10.928 

1,813 
31,353 

8,527 


19,482 
928,085 
404,806 

39,065 
193,358 

61,903 

158,528 


13,993 
135,663 

49,090 
4,561 

15,657 
4,067 
2,174 

14,235 

11,318 


215,686 
649,477 
496,064 
9,001 
224,389 

176 
176,001 


38,990 

33,133 

33,335 

1,546 

5,947 

1,307 
33,047 


233,768 

449,519 

300,178 

5,006 

93,998 

68,338 
14,793 


47,819 
50,367 
19,546 

1,773 
12,317 

1,711 

14,124 

22,554 


Dolls. 


3,056,268 


447,834 


1,795,137 


340,663 


1,770,794 


137,304 


1,054,600 


170,110 



Treasury Department, Register''s Office, October 24, 1803. 

JOSEPH NOURSE, Register. 



1803.] 



STATE OF THP] FINANCES. 



.57 



H. 



Exports to Floridas and Louisiana, for the years endiug on the SOth September, 1709, 1800, 1801, and 180-2. 



SPECIES OF MERCHANDISE. 




Ashes, pot, 
Apples, . 

Beer, porter, anil cider. 
Do. do. do. 

Beef, . 
Biscuit, or ship bread. 

Do. 
Barley, . 
Bran and siiorts, 
Beans, 
Butter, . 
Boots, 
Bricks, 
Corn, Indian 
Cheese, . 
Coffee, 
Chocolate, 
Cotton, . 
Candles, wax. 

Do. spermaceti, 

Do. tallow, . 
Cables and cordage. 
Cards, wool and cotton, 

Do. playing. 
Copper antl brass manufactured 
Coaches and other carriages, 
Flour, 
Fish, dried 
Do. pickled 
Do. do. 
Furniture, household 
Flaxseed, 
Flax, 

Gunpowder, 
Hats, 

Hams and bacon, 
Hairpowder, 
Hemp, 

Horned cattle, 
Horses, 
Hogs, 
Iron, pig 
Do. bar 
Do. castings. 
Do. manufactured. 
Lard, 
Leather, ' . 
Lead, 

Meal, Indian 
Mustard, 
Medicinal drugs, 
Merchandise, 
Oil, linseed, 
Do. spermaceti, 
Do. whale, &c. . 
Oats. 
Peas, 
Pork, 
Pitch, 
Potatoes, 
Rice, 
Rosin, 
Spices, pepper, . 

Do. pimento. 

Do. all other, 
Spirits, foreign 

Do. domestic from foreign 

Do. do. from domestic 
Shoes and slippers. 
Skins and furs, value, 
Saddlery, 
Starch, . 
Soap, 
Sugar, brov/n and other clayed 

Do. refined 
Salt, 
Snuff, 
Tobacco, manufactured. 

Do. unmanufactured. 
Tallow, . 
Tar, 
Turpentine, 

Do. spirits of 



tons, 

barrels, 

gallons. 

dozen, 

barrels, 

do. 

kegs, 
bushels, 

do. 

do. 
pounds, 

pairs, 
number, 
bushels, 
pounds, 

do. 

do. 

do. 

do. 

do. 

do. 

cwt. 

dozen, 

packs, 

dollars, 

do. 
barrels, 
quintals, 
barrels, 

kegs, 
dollars, 
bushels, 
pounds, 

do. 
dollars, 
pounds, 

do. 

cwt. 
number, 

do. 

do. 
tons, 

do. 
dollars, 

do. 
pounds, 

do. 

do. 
bushels, 
pounds, 
dollars, 
dollars, 
gallons, 

do. 

do. 
bushels, 

do. 
barrels, 

do. 

bushels, 

tierces, 

barrels, 

pounds, 

do. 
dollars, 
gallons, 

do. 

do. 

pairs, 
dollars. 

do. 
pounds, 

do. 

do. 

do. 
bushels, 
pounds, 

do. 

hhds. 
pounds, 
barrels, 

do. 
gallons, 



20 

2,881 

25,912 

2,429 

956 

80 

2,305 

21 

334 
00,056 

288 

2,690 

51,153 

2,652 

400 

4,500 

1,782 

94,970 

1,212 

28 

4,300 

6,908 

10.703 

1,315 

580 

998 

10,714 



16,460 

44,082 

9,906 



20 

158 

973 

40,205 

89,199 

4,024 

824 

75 



2,614,045 

15 

960 

3,810 

287 
492 

2.805 

1,499 

20 

29,132 

70 

1,200 

78,140 

332 

321 

2,229 

160 

115 

5,520 

111.684 

4,996 

1,993 

42,287 



56 

351 

68 
1,050 



1800. 



3,240 
7,775 
320 
726 
240 
175 

10 

10 

28,998 

716 

22.439 

9.961 

27,343 

70,491 

300 



9,605 

38,836 

76 

528 

5,267 

1,276 

4,356 

943 

150 

94 

5,893 



9,484 

27,232 

2,560 



10 

2.477 
43,551 
37,744 

3,197 

578 

56 

4,904 

1,525,024 

520 

876 

189 

819 

909 
364 

4,511 
26 

11,588 

43.294 

5,209 

2,234 

3,394 



745 

217,530 

3,996 

350 
9,752 



19 

500 

50 



1801. 



2.301 

7.924 

1,019 

59 

12 



5 

120 

26,766 

43 

24,000 

2,235 

43,678 

85.737 

5,318 

1,836,144 

14.990 

3,394 

50.024 

1,310 



1.238 

'6.853 
335 

28 

578 

4,835 



358 

1,778 

89,641 

520 

366 



4 

2,650 

26,429 

17,690 

2,100 

67,930 

524 



1,681,592 



638 

6 

1.238 

12 

406 

231 

6 

23,489 

18.631 
6,099 
3,547 

20,635 
3,852 
3,429 



71,493 

11,833 

300 

1,825 

71.892 
1.086 



1802. 



2,258 

14,351 

1.157 

501 

131 

584 



31 

51,372 

140 

139.300 

39,288 

43,208 

42,669 

5,157 

1,210,080 

55 

1,399 

24.031 

4,943 

168 

261 

1,177 

5,074 

170.093 

380 

489 

163 

27.559 

5 

130 

846 

3,565 

472,554 

4,299 

3,530 

236 

100 

310 

28 
13,421 

45,510 
166,003 

9,092 
18.192 

1,181 



958,299 
1,935 

634 
692 
316 

9,441 

13 

2.816 

356 

80 

850 

250 

2,751 

10.556 

1.212 

32.699 

943 

9.630 

2,212 

117,469 

4,605 

4,107 

80 

5,751 

1,811 

1,837 

476 

98 

95 



58 



FINANCE. 



[1803. 



H — Continued. 



SPECIES OF MERCHANDISE. 


1799. 


1800. 


1801. 


1802. 


Tea, Bohea, • • • pounds. 
Do. Souchdng, iic. . . ■ < «'• 
Do. Hyson, .... do. 
Do. other green, ... do. 
Wax, . . - . • do- 
Wines, Madeira, . . • gallons. 
Do. all other, . • • do. 
Do. bottled, . • • dozen. 
Wood, strives and heading, . . number, 
Do. shingles, ... do. 
Do. hoops and poles, . • do. 
Do. boards, plank, &c. . . feet. 
Do. all manufactures of, . . dollars, 


2,100 

3,850 

1,478 

75 

16,627 

7,296 

313,615 

7,831 

124,850 

14,000 

83,600 

432,805 

4,938 


2,231 

553 

8,664 

737 

2,911 

919 

216,975 

5,559 

99,359 

6,000 

23,445 

374,642 

1,424 


949 
7,552 

200 
4,998 

542 

95,516 

1,559 

4,500 

60,000 
953 


2,040 

1,378 

4,327 

3,587 

500 

1,246 

138,807 

2,277 

34,500 

5,000 

82,166 
1,086 


Total value, . Dollars, 


3,504,092 


2,035,789 


3,032,840 


2,821,354 



Treasury Department, Register's Office, October iA, 1803. 

JOSEPH NOURSE, Register. 



8th Congress.] 



No. 201. 



[1st Session. 



REMISSIO'N OF DUTIES. 

communicated to the house of representatives, NOVEMBER 14, 1803. 

Mr. Samuel L. Mitchill, from the Committee of Commerce and Manufactures, to whom was referred the petition 

of William McAuley and John McJimsey, in behalf of the ministers and elders of the Associated Reformed 

Church, in North America, made the following report: 

The petitioners state, that, contemplating the establishment of a seminary'for instructing young men in Christian 
theology, they have imported a collection of books for the sole use of the library of their seminary; their value is two 
thousand three hundred and sixty-three dollars, and they have been entered at the custom house in New York. 
The petitioners hope, that, from the encouragement ot Christian literature. Congress may remit the duties payable 
thereon, in consideration of the infancy of the institution, and the smallness of the funds. 

To allow the praj^er of this petition, would, in the opinion of the committee, involve the Legislature in an act of 
partiality, or render it necessary to exempt from impost, by a general provision, all books of instruction for young 
men who destine themselves for the Christian ministry. But, while a sincere regard is shown for this species of 
literature, it ought to be remembered that the Government must be supported, under which those excellent studies 
may prosper; and that, to this great end, the friends and promoters of that noble cause have never incurred the 
suspicion of unwillingness to contribute their moderate proportion. 

The committee feel a persuasion that the petitioners ought to have no objection to render unto the Government 
the same duties which their fellow citizens of all other denominations pay, and that they would rather make an 
exertion to raise a little more money for tiiis purpose, than implicate the Government in the charge of favoritism, by 
allowing to them, what is refused to the people, generally, or of inducing it to surrender the impost upon all similar 
importations of books, by an universal regulation. 

It is, therefore, submitted, that the petitioners have leave to withdraw their petition. 



8th Congress.] 



No. 202. 



[1st Session. 



DRAWBACK. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, NOVEMBER 14, 1803. 

Mr. Samuel L. Mitchill, from the Committee on Commerce and Manufactures, to whom was referred the memo- 
rial of Thomas Ketland, of the City of Philadelphia, made the following report: 

The committee, on inquiry, learn that the petitioner, a merchant and citizen, purchased a foreign built ship, in 
partnership with two other persons, stated to be also citizens. The vessel was bought in June, 1799, in London, 
and sailed, in the ensuing September, for Philadelphia; during her passage she was damaged in an action with a 
French ship of war, and obliged to repair to Lisbon, in distress. By this misfortune she was detained so long, that 
she did not reach the river Delaware until May 4th, 1800. Afterwai'd, to wit, in July, 1800, she was despached on 
a voyage to Batayia, whence she returned in June, 1801, with a cargo of sugar and coffee. It is stated that the 
property of the said ship, called the Washington, has never been changed, except by the death of one of the original 
partners, and that the title now remains entirely in the two survivors. 

Such being the historv and title of the ship, the following difficulty arose on the subject of a drawback, which 
the owners expected on the Batavian sugar and coffee, the whole of which they, afterwards, shipped in other vessels 
to Europe. They calculated on receiving the whole of the drawback, with the customary abatement of two and 
a half per cent. They were disapointed, and the reason , of their disapointment was this. On the 13th of May, 
1800, an act had been passed, nearly two months previous to the sailing of the ship, by which it was directed that 
no part of the a(Wt7«o/ia/ (/wiies, payable on goods, wares, and merchandise, imported m foreign ships, should be 
entitled to drawback on exportation. The collectors construed this section to include all unregistered vessels 



1803.] REMISSION OF FORFEITURES. 



59 



helon^ngto citizens of the United States, wlucli, on the 13th of May, 1800. wpre not furnished with sea-letters 
The slnp Washington, havnig not any such document, the drawback of the addilional ten per cent., on the duties 
imposed upon the sugar and coftee, was refused, upon the construction that thev had been imported in a forei-'n 
built ship, not having the customary sea- letter, iS:c. ' *' 

Congress, afterward, by an act passed Mth April, 180-2, enacted that the statute of May 13th, 1800, should not 
be considered to operate upon unregistered vessels, owned by citizens of the United Stales at the time of the pass- 
ing thereof; provided such ships or vessels possessed a sea-letter, or otlier regular documents issued from a custom 
iiouse, in the United States, proving such vessel to be American property. 

The unfortunate case of the petitioner was not embraced in this liberal and retrospective regulation, and he 
now applies to the National Legislature to allow him the drawback on the addilional duty, as would have been 
allowed, if the ship Washington had been duly provided with a sea-letter. 

On this view of the facts, the committee beg leave to remark, that, as the act of 1800 was passed on the 13th 
of May, and the ship did not sail for Batavia until July following, there was time enough, alter the passin" of tiie 
act, for the owners to have procured a sea-letter, and every other document, before the "day of her departure; that 
they did not take care to provide their ship with all the needful papers in due season, is their own lache,and not the 
fault of the Government. It is believed, the act of April. 1803, did not mean to extend its remedial operation, and 
to retrospect any further than the 13th of May, 1800; and the petitioner's case not coming within the limitation and 
description thus specified, there does not seem to be even an equitable claim on the Uovernment for the drawback 
of the additional duties; wherefore, the committee submit their opinion, that the prayer of the petition ought not to 
be granted. 



8th Congress.] No. 203. [1st Session . 

REMISSION OF FORFEITURES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, NOVEMBER 25, 1B03. 

Mr. Samuel L. Mitchii.l, from the Committee of Commerce and Manufactures, on the petition of Charles D'Wolfe, 
of Bristol, in the State of Rhode Island, made the following report: 

The petitioner, on the 5th of June. 1799, became bound as principal to the United States in an obligation, in a 
penalty of 4,128 dollars, to be void on the condition of exporting duly abroad fifty eight hogsheads one tierce and 
eighteen barrels of domestic distilled spirits: this was executed in the common form directeci by the act of March, 
1791. He gave another bond, on the 23d of August. 1799, for securing the fair exportation of one hundred and seven- 
ty-three hogsheads two tierces and six barrels of domestic distilled spirits, in the penalty of $13,731 (17 to be 
forfeited in case of non-performance. He alleges that the conditions nullifying the said two bonds have been 
complied with, by exporting the spirits in the schooner Lucy, and the snow Fair Eliza, to the coast of Africa, and 
unlading and landing them there, and not unshipping or putting them ashore in any part of the United States. 

The certificates of landing of this New England rum in Africa were not subscribed by foreign consignees or ven- 
dees, as they ought to have been, according to the strict provisions of law. but by the captains in their capacity ol" con- 
signees. These were accompanied by attestations of foreign merchants in their favor, and by confirmatory affidavits 
of some of the persons on board the vessels; neither consul, nor other public agent of theUnited States, nor Ameri- 
can merchants, were to be found in the settlements to which these voyages were made. 

Without stating what species of traffic they engaged in, the petitioner alleges that, from the nature and great 
variety of it, joined to the illiterate and barbarous chaiactcr of the inhabitants who bought the rum that certificates 
minutely correct, according to the requisition of the statute, were not, and could not be procured. 

Such certificates, as could be obtained were, in due time, exhibited to the collector of the customs in Newport. 
The collector, aware of their informality, forwarded, as was iiisduty, a statement of the facts to the then Comptroller 
of the Treasury. 

The Comptroller decided, after examination of the case, that the matters set forth in the certificate of landing 
abroad were unsatisfactory: but, in the exercise of that latitude of discretion officially allowed hiin, he would j)er- 
mit the petitioner to adduce supplementary proof. If the petitioner had parted with the rum for a valuable con- 
sideration, it would be easy for him to tell what the consideration was: by exhibiting an invoice or manifest of the 
return cargo, it was presumed that all doubts might have been dispelled from th.e Comptroller's mind, and an 
order obtained for cancelling the export bonds. The petitioner, however, to this day, has imposed upon himself the 
strictest silence upon this head. 

The bonds thus remaining in force, the attorney for the district of Rhode Island was, sometime thereafter, directed 
to put several similarly circumstanced, with these of the petitioner, in suit. Actions were, accordingly, commenced 
in the district courts of that State. In the course of the trial, the defendants attempted to support theii- plea of 
performance of the condition of their bonds, hy parole testimony and common law evidence: they were informed by 
the court that this was an issue under the revenue law, and that the proof must conform to the stature strictly. 
The judge declared that, of the points decitled in suits upon expi>rfation-bonds. among others, were these: that pleas 
might be but in by the defendants as in other suits: that, in issues joined, a plea of performance could only be substan- 
tiated by evidence conforming to the statutes, and by no other kinil: that, if the evidence conforms to the statutes, 
the jury ought to find for the defendants, even in opposition to the decision of the Comptroller; but. ifthe evidence 
does not conform to the statutes, the Comptroller has the exclusive power of discharging the bond:and his judgiuent, 
in cases of the kind then depending, was final and conclusive. Unlurnished with statute evidence, and unable to 
resort to collateral and circuinforaneous testimony, the defendent was unable to make proof to the jury of the per- 
formance of the condition of his bond, and, of couise, a veidict was found for the plaintiff". 

Previous to the proceeding to execution, a petition was presented to the Comptroller, piaying that he would direct 
the bonds to be cancelled, or suits to be withdrawn, or grant other relief. It will be proper to observe, that all the 
proceedings, hitherto, had been had under the direction of the late Comptroller; but this petition was addressed to the 
present one. Mr. Duvall returned for answer, "that the case of the petitioners having been decided by his predeces- 
sor, the subject was not then considered as open to investigation; and it appeared to liim a proper subject for legis- 
lative deliberation." This reply is accompanied with a note in writing, that there is a similarily of circumstances 
in the cases of William Gardner, Constant Tabor, and Samuel Martin, who are sureties in other bonds mentioned 
in their petitions, which were referred to this committee, by order of the House, on the first instant. 

Such having been the series of proceedings in the collector's office, in the Comptroller's department, and in the 
district court, the petitionernow craves mercy, and exoneration from the penalty of his bonds, from the Legislature of 
his country. 

The committee have abstracted this narrative as concisely as possible from a volume of papers and docnments. 
A considerable part of these has been already distributed in print, and to these, once for all, they make a general 
reference. A variety of details, not comprehended in this report, may be seen there. 

There does not appear to have been partiality, passion, or interestedness, in any part of the proceedings before 
the Comptroller or district judge. On the contrary, in endeavoring to come at the truth, amidst obscure papers, cover- 



QQ FINANCE. - L1803. 



ill" mercantile transactions on the coast of Aliica,ltliese officers appear to have acted with so much independence and 
intelli<'ence, that there does not appear to be a call for any revision, or, far less, a censure of their acts by Congress. 
To^reverse the upright proceedings of those officers who interpret and execute the revenue laws, ought not to be 
attempted but with caution. If the citizens of the United States voluntarily engage in a commerce beset with the diffi- 
culties stated by the petitioners, they ought not to blame the Government or its officers for the embarrassments and 

losses thev suffer. 

Thercular course of proceeding for the petitioner, if dissatisfied with the decision of the district judge, would 
seem to ha\e been by applying to a higher court for a correction of the error, if any had been committed, unless the 
doctrine should be deemed sound, that, in the petitioner's case, and in the others of a_ similar nature, the Comp- 
troller's decision on the weight of the evidence, and the mode of conducting the trial, is final. 

On tiu' whole, the committee do not find sufficient cause for legislative interference inthe petitioner's behalf. 

The following resolution is, therefore, respectfully submitted to the House: 

Jiesolved, Tliat the petitioner have leave to withdraw his petition, with the papers accompanying the same. 



To the Honorable the Senate and House of Bepresentatives of the United States in Congress assembled, the peti- 
tion of Charles D" Wolfe, of Bristol, in the State of Rhode Island, merchant, respectfully represents: 

Thac your petitioner was bound, as principal to the United States, in a bond dated the 5th of June, 1799, in a pen- 
ally of lour thousand one hundred and twenty-eight dollars, the condition of said bond being for the due exportation 
abroad, of fifty-eight hogslieads one tierce and eighteen barrels of domestic distilled spirits, according to the law of 
March 3d, 1791, viz. That il' the said spirits, the danger of the seas and enemies excepted, should be really exported 
to, and laiiiled in, some port or place without the limits of the United States, and should not be unshipped from on 
board the ship or vessel whereupon the same were laden for exportation, within the said limits, or any ports or 
iiarbors of tlie United States, nor landed in any other part of the same, shipwreck or other unavoidable accident 
excepted, then the above mentioned obligation tobe void, otherwise, to remain in full force and virtue. That he 
likew ise became responsible to the United States, as principal, in another bond, for the penalty of thirteen thousand 
seven hundred and thirty-one dollars and sixty- seven cents, which bond was dated the 30th August, 1799, and was 
with condition for the ex'portation and delivery abroad of one hundred and seventy-three hogsheads two tierces and 
six barrels of domestic distilled spirits. Now, your petitioner would represent, that he has fully and faithfully com- 
plied with the condition of said bonds, and has exported said spirits to, and landed them on, the coast of Africa, and 
that the said spirits were not unshipped from on board the schooner called the Lucy, and the snow called the Fair 
Eliza, whereupon the same were laden for exportation, within the limits, or any port or harbors, of the United 
States, nor re-landed in any part of the same. Your petitioner would further represent that, of such his performance 
of the conditions of said bonds, manifold proofs and documents have been produced, within the time limited by law, 
to the collector of the port of Newport, tlie port of exportation, which proofs, though satisfactory and convincitig, 
and substantially in conformity to the proof required by law, were, nevertheless, in some merely formal points, defec- 
tive; and the bonds having been sued, and the evidence, on account of its informality, not being permitted to pass to 
the jury, judgments have been rendered against your petitioner. 

Now, your petitioner would represent, that the rejection of the proofs and dccuments above mentioned, and the 
consequent rendering of the said judgments, were not by reason of any defect imputed to them as rational evidence, 
nor by reason of any impeachment ot their truth and validity, but solely by reason of certain minute variations in 
them, originating in unavoidable accident, from the forms required. That such is the natuie of the trade, the great 
variety, together with the illiterate and suspicious barbarity of the inhabitants of the country to whom the spirits 
were sold, tiiat certificates minutely correct, according to "the requisition of the statute, were not, and could not be 
procured. That there is no suggestion against the good faith of your petitioner, no fraud is charged or suspected, 
and the fact of a fair and true exportation of the sai<l spirits is admitteil by the officers of Government,: and as the 
present Comptroller of the Treasury has intimated an opinion favorable to your petitioner, and recommended his 
case as a proper subject for legislative deliberation and relief, and lias suspended the executions in these suits for the 
purpose of atlbrding an opportunity to obtain the same, your petitioner therefore prays that the said bonds may be 
directed to be cancelled, or discharged, the amount of said judgments to be remitted to him, or such other relief 
extended to him as to Congress may seem meet and proper, and Tie, as in duty bound, will ever pray. 

CHARLES D'WOLFE. 



8th Congress.] No, 204. [1st Session. 



FISHING BOUNTY. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, NOVEMBER 25, 1803. 

Mr. Samuel L. Mitchili,, from the Committee on Commerce and Manufactures, to whom was referred the peti- 
tion of sundry inhabitants of the town of New Shoreham, in the State of Rhode Island, made the following 
report: 

The petitioners (one hundred and five in number) state, that they are inhabitants of Block Island, belonging to 
the commonwealth of Rhode Island, and principally engaged in the cod fishery, for nine months in the year. Owing 
to the bleak situation of the land they iiiliabit, and the high surf by which it is almost incessantly assailed, they 
pursue their occupation in small craft, during the day, and returning on shore at night, haul their boats above the 
reach and fury of the waves. 

The number of these boats is stated to be from thirty to forty, and under the burthen often tons; the number of 
fishermen, nearly two hundred; and the quantity of fish taken, annually, is from ten to fifteen thousand quintails; 
of these, about half the quantity is barrelled and pickled, and the other half dried. 

By the first section of the act, concerning certain fisheries of the United States, and for the regulation and 
government of the fishermen employed therein, there is paid a bounty on the tonnage of vessels employed in the 
fisheries; wliich bounty is intended as a commutation and equivalent for the drawback of the duties paid on the 
salt used in preserving such dried fish. There are different rates of bounty on boats and vessels, from five to thirty 
tons and upwards. By the 83d section of the collection law, it is provided that, tor pickled fish, exported, there 
shall be paid thirty cents a barrel, in lieu of a drawback upon the salt employed. 

As the existing law does embrace all boats of more than five tons, and the petition does state their boats to be 
under ten tons, it is to be presumed that a considerable number of their boats are already on a footing with the boats 
of the other parts of the Union; but the petitioners are desirous of procuring the same advantage to boats under five 
tons. This is what your coinmittee do not think eligible, as it would be attended with more trouble than emolu- 
ment: neither can your committee agree to allow them a bounty on dried fish, because, if the measure is not gene- 
ral, it would open a door to frauds on the revenue: therefore, concluding that it would be more proper for the peti- 
tioners to employ boats ot the burthen contemplated by law, than for Government to legislate for boats of smaller 
size, the following resolve is submitted, to wit: 

That it is not expedient to make provision, by law, for allowing the petitioners a bounty for dried fish, caught 
in boats of smaller capacity than five tons. 



1803.1 ENCOURAGEMENT TO MANUFACTURES. 



61 



8th Congress.] No^ 205. [1st R^issioN. 



OFFICE OF COMMISSIONER OF LOANS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVKS, DECEMBER 8, 1803. 

Mr. John Randolph, Jr. from the Committee of Ways and Means, who were instructed to inquire into the expedi- 
ency of discontinuing the office of Commissioner of Loans, in the different States, made the followins; report: 
That, conceiving this establishment may be considered as a part of the contract between the public and its 
creditors, wliich is contained in the act " making provision for the debt of the United States,"' passed (he Itii tlay 
of August, 1790; believing that the abolition of the loan offices, by impeding the facility of transferrins (he debt, may 
tend, in some degree, to impaiiits value: unwilling to advise a measure which may, in any manner, however remote 
affect the public creclit, or which may be construed into a breach of the public faith, the committee respectfully re- 
commend the following resolution: 

Resolved, That it is inexpedient to discontinue the office of Commissioner of Loans in the several States. 



8 th Congress.] No. 206. [ist Session. 



ENCOURAGEMENT TO MANUFACTURES. 

OOMiMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 9, 1803. 

To the Honorable the Senate and House of Representatives of the United States, the memorial of the subscribers, 
artisans and manvfaeturers of Philadephia, respeclfully showeth: 
That in every country there is an inseparable connexion betwixt the mamifacturiiig and (he duties on foreign 
merchandise, insomuch, that some of the greatest statesmen have made the im|)osts a political engine, to be used for 
the introduction or protection of the arts: for, as Rousseau observes, in his " Political Economy,''' " It belongs only 
to the real statesman to elevate his views, in the imposition of taxes, above the mere object of the finances, Imd to 
transform those burthens into useful regulations." 

After the peace, and during the Confederation, the confusion that reigns in (hat branch of finance, by each State 
having different objects in view, rendered the manufiicturing interest, at that time, precarious and uncertain. Since 
the adoption of the constitution, and that the imposts have been transferred to the Kederal Government, it is to the 
wisdom of Congress alone that your memorialists have to look up for protection. 

It is with deep concern, however, that your memorialists have to represent, that, during the long period, from 
the peace which terminated our Revolutionary war, to the present time, they have seen the wealth of the nation sent 
to foreign countries, to purchase a thousand articles which can be as well manufactured at home; and of which, na- 
ture has abundantly supplied us with the raw materials. 

Among that immense number of articles, even of the first necessity, manufactured for the United States by 
foreign nations, theie are very few that could not be produced by our ow"ii citi/.ens, upon equal terms, if they were 
not prevented by some of the following reasons: 1st. Foreign "fashion. 2d. Our markets being constantly over- 
stocked with foreign goods. 3d. The unjust competition which we are obliged to sustain with foreign manufac- 
turers. 4th. The expense necessarily attending the commencement of complicated manufactories. And, Sthly, Du- 
ties injudiciously laid on raw materials, or goods partially manufactured. On each of these your memorialists beg 
leave to state, what ha^- come within their own knowledge and observation. And, 

1st. The articles that are affected by foreign fashion, are jjrincipally clothing, and more especially fabrics of 
cotton. Our manufacturers of that article, in the trials that have already been made, find it impossible to keep pace 
with tlie changes introduced by the new patterns from foreign nations; they are, therefore, confined to those articles 
which bear very little profit, for which low wages are given; and have continually the mortification of seeing them- 
selves excluded from the most profitable branclies of the trade, and their goods rejected by the citizens of America, 
as unfashionable. 

3d. Our stores being constantly glutted with foreign goods, is another very great obstruction to an incipient or 
even an established manufitcture. The greater part of the manufactures, of which iron, silk, wool, cotton, or fiax, 
are the raw materials, ought to be established in the interior of the country, where provisions, house rent, and fuel, 
are cheap; it is, therefore, necessary that there should be a middle man betwixt the consumer and the manufac- 
turer, that the latter may not waste his time in seeking for customers: these are the store keepers, w holesale or re- 
tail, who inhabit the towns and sea ports. Now, it is evident, that, if a foreign manufacturer shall be permitted to 
keep these people with a constant supply of goods, and give then\ long credit, it will be impossible for the citizen, 
with a small capital, to persuade the store keeper to purchase his goods for ready money; and if he applies immedi- 
ately to the consumer, tlie time that he wastes, in a country where the population is diffused, forces him to demand 
an extraordinary price, or fix himself in a large town, where house rent, fuel, &c. eat up the profits of his labor. 

3d. The competition that the manufacturingcitizensof the United States are, by the laws of the country, obliged 
to sustain with the maimfacturers of a foreign nation, is, in the opinion of your memoralists. unjust, inasmuch as 
the finished articles of our infant manufactures, produced from raw materials found in the United States, such as 
works of copper, iron, lead, earth, glass, cotton, wool, wood, fur, btme, hoi'n, and leather, are generally, either pro- 
hibited in foreign countries, or duties imposed far greater than is paid on the like goods coming into the United 
States; so that there is no encouragement to attempt to excel foreign manufacturers: for. in spite of the greatest ex- 
ertions, still the consumption must be confined to the United States. If any difference were to be made betwixt 
two competitors, it ought to be in favor of the weakest; and an infant manufacture nmst have some protection, to 
enable it to contend with an old establishment. Your memorialists are, however, under the painful necessity of 
stating, that, in the United States, the reverse of this takes place. In several instances, especially in hats, shoes, 
paper, and saddlery, manufactures which have arrived to as high perfection as in any country, in spite of foreign 
competition; they are, however, not permitted into (he country of our competitors, while theirs are still admitted 
here, and gain sometimes a temporary advantage over our manufacturers, which they are not able to recover for 
many years, owing to a fluctuation in the price of manual labor, or of the raw material, or the necessaries of life. 
But to whatever state of perfection our mainifiictures may arrive, and however low we may be enabletl to sell them, 
we never can contend svith our competitors in their own markets, or put them to temporary inconveniency, be- 
cause they totally prohibit us from their markets. And in those manufactories which require great capitals, and a 
9 tt ' 



Q2 ■ . FINANCE. [1803. 

combination of talents, our competitors in foreign countries have us altogether at their mercy: or rather, the word 
competitor is perversion of the term; for, wherever one party is laid prostrate at the feet of the other, there is an end 
to competition. 

4th. The next obstacle is the expense necessarily attending the commencement of complicated manufactories. 
Where an article must pass through the hands of several ingenious artists, before it is fit for the market, the expense 
of collecting tiio<e artists must be considerable. The time, too. that is taken up to bring die materials from a raw state 
to be fit for sale, must reejuire an additional capital, wiiich no man would risk, unless the consumption of his fellow- 
citi/-ens were secured to him. and. at the same time, defended from every species of competition, but what he can 
see, and wliose strength he can measure, (viz:) with his fellow citizens only. If an insidious foe is liable to come 
upon him in the dark, and in the guise of fashion, it would be the extreme of folly to venture his capital. 

otii. Your memorialists conceive, that the injudicious imposition of duties on raw materials, or goods partially 
manufactured, and in some cases a freedom from duty, er|ually injurious to the arts, merit the attention of Congress. 
Among the first, may be reckoned, rags for making paper, the bark of the cork tree, &c. and among the latter, wire 
of all kinds, as being an article for which (he United States ought not to depend on a foi'eign country, especially as 
iron of the best kind is found here in abundance. 

It is a position, th it will n'lt be denied by the greatest enemies to domestic manufacturing, that, as soon as any 
particular branch shall be established, foreign goods of the same kind ought to be prohibited or discouraged; and 
this is certainly the case with every manufactory of leather and fur: and yet your memorialists would be glad to know 
by what mode of reasoning it c;n be made to appear, that the hatter antl shoemaker, who have spent their youth in 
acquiring those arts, should, every five or six years, be ruined by an excessive importation of Ibreign hats or shoes, 
which perhaps may be the remaining estate of some European bankrupt.^ 

The enemies to the manufacturing system have, at diffiirent times, brought forward objections, which, to men fuHy 
acquainted with that branch of industry, hardly deserve notice; but, as there are others, with the best intentions, 
who are true iiiends to flic prosperity of these States, who may be led away by these specious objections, or rather 
imaginary obstacles, we shall mention them, not with any intention of entering into a serious refutation, but only to 
shew their insignificance. 1st. They say "■ this country is too j/omn^' to begin the manufactory of clothing for the 
citizens." In the progress of every original country, (colonies excepted) the manufactory of clothing has always 
preceded every thing else, even agriculture itself. But your memorialists cannot help expressing their opinion, that 
agriculture and the manufacturing arts ought neither to precede or be behind each other: that they were destined 
for mutual protection and support; of which the history and present state of all nations bear ample testimony. The 
flourishing state of ;:griculture must always be in proportion to the population: and population, on any given terri- 
tory, IS in proportion to the manufacturing arts, or the kind ot labor in which the people are employed. Already, 
in some parts of the New England .States, emigration is necessary to carry off the superabundant population; and it 
would be an injustice done to the land holders of that part of the Union, if they were prevented from pursuing that 
line of industry, which, by preserving the population to the State, would enhance the value of their property. And 
we have no hesitatiim in saying, that it will be bad policy indeed, when the United States shall retard the pros- 
perity of the most ancient and most populous States, for no other reason than that the new States are not equally 
forward in point of population, agriculture, &c. There is no fact better authenticated than this, that several of the 
States have, from a multiplicity of causes, fiir outstripped others in the progress towards that state of society in 
which all the three great branches of national industry are combined, viz. agriculture, manufactures, and com- 
merce; and it is equally true, that not one of them have been permitted to exert the force of their faculties, or call 
forth the industry of tlieir citizens, but have been uniformly retarded and checked in their career, by United 
States' policy, and its fiscal regulations. In the great towns, we see all the evils attendant on luxury — such as pride, 
idleness, and dissipation, without any of the benefits and advantages, which, by political writers, have been ascribed 
to it: as, that it makes the rich contribute to the ingenious poor; calls forth fcilents, and circulates the wealth of 
a nation. But no such good can attend luxury in America: instead of circulating the wealth of the nation, it trans- 
fers it to fiireign Powers, and gives them the sinews of war, only to menace our peace and disturb ourtranquillity. 

It has been, also, objected to manufactures, " that they would retard or prevent the po()ulation of the Western 
wilderness." As if the prosperity of the citizens, in old established situations, were to be sacrificed to new projects 
and land speculators. Every migration must be a loss, and not a gain, to the American nation at large. What the 
Western States gain, the Eastern lose, and so far there is a balance; and the real loss is in die act of migration: 
the trouble, the change of climate, and a thousand other inconveniences, which, in a national scale, must be a loss. 

The health of the citizens has been considered as in danger by the sedentary life of manufacturers; but your 
memorialists know of no manufactory which can be called a sedentary employment, except the clerks necessary to 
keep the accounts; and, as far as it regards them, the objection will apply to merchants as well as manufacturers. 
It is true, in foreign countries, where the Government, the law, and the employer, are all in combination, or rather 
conspiracy, against the employed, poverty, and its concomitant, disease, must be very fre((uent among the people em- 
ployed, not only in manufactories, but among the peasantry or cultivators of the ground: and to whatever deplora- 
ble condition artisans may be reduced, in these Governments, the cultivators of the soil are still worse: for, to every 
other species of misery, ignorance must also be added. 

Objections have been also made to arts and manufactories, on account of the supposed lucr, which is said to be 
found in manufacturing towns. A considerable number of your memorialists have seen the manufacturing towns of 
Europe, and are convinced that the greatest poition of virtue is to be found there; and that ten times the number 
of crimes are committeil near courts and in seaports, that are committed in manufacturing towns. In a word, if we 
may judge from the state of society in Europe, artisans and manufacturers, oppressed as they are, are, nevertheless, 
the most virtuous and the most intelligent class in civil society. In a letter from Mr. Colquohoun, of London, to 
Mr. Eddy, of New York, author of the treatise on the prisons of that city, we find the following observations: 
"From the lacts you have disclosed, relative to the criminal offences committed in the city of New York, I am in- 
duced to enlarge upon this subject. They appear to me to be of a magnitude to excite a considerable degree of 
alarm, with respect to the degree of criminality in the American towns, inasmuch as it would appear, that they 
greatly exceed the larcenies and misdemeanors committed in towns in Great Britain, of an equal or even a greater 
population; and, although I have not had an opportunity of ascertaining the fact, I have an impression on my 
mind that the annual convictions in the whole of Scotland, where population approaches two millions of people, are 
short of those which take place yearly in the State of New York." 

The last objection that we shall notice, is, " That Government ought not to grant any special privilege or pro- 
tection to any part or portion of the national industry, more than to another; and if any manufactory will not take root 
of itseK, It shows it is not fit for our climate or state of society, and ought not to be cultivated here." To which 
your memorialists beg leave to answer, that this objection can only hold good in the case of a simple manufactory, 
which IS begun and finished by the ingenuity of one man, and where the market for the ready sale of the article is 
at hand, and does not require the interposition of the merchant to dispose of it, at a distance fiom the manufactory; 
but, in all complicated arts, where a combination of skill, and a combination of capital, too, is absolutely necessary, 
It will be found, that this never has, and we presume never will be, obtained, but by the fostering care of Government. 
And. i( we inquire what other nations have done in similar circumstances, we shall find, that those who have given 
the greatest enci.uragement to the complex manufactories, have been the most successful, the most wealthy, and 
pov.-erfnl; and, although the English Government has always been unwilling to let her artisans know that it was 
to them she owed her greatness, and has insidiously ascribed it to her na\'y, to her commerce, to her insular situa- 
tion, to her sod, to her climate, to the constitution of her (iovernment, and a number of other secondary or auxili- 
ary causes, your memorialists are convinced that she is indebted for her greatness and power to the well directed 
industry of her artisans and manufacturers; and your memorialists, it is hoped, will not be blamed for trespassing 
on ttie time of your honorable body, by shewing what that nation has done for her manufactories. 

By the statute 3 Ed. iV. c. I, no merchant or other person shall bring into the kingdom, to be sold within the 
realm, any of the following goods, viz. woollen cloths, laces, ribbons, silk in any wise embroidered, sadtlles, stir- 



1803.] ENCOURAGEMENT TO MANUFACTURES. gg 

lups, harness, things wrouglit of tawed leather, shoes, hats, locks of any kinti, &c. &c., upon pain to forfeit the same 
as often as they may be found in the hands of any person, to be sold, lialf to the king and lialf to the seizer. This 
statute was confirmed by 19 Hen. VIl. c. '21. And, upon consideration that white ashes, made within the realm, 
are very necessary for the making of soap and saltpetre, and foi- whitening of linen cloth, and scouring of woollen, 
&.C. therefore, it is enacted tiiat no person shall ship, or carry beyond sea, any white ashes, on pain of forfeiting sir: 
shillings and eight pence for every bushel: :i Kd. VI. c. 26. And to preserve the wool — rams. lambs,or sheep, aVive, 
are prohibited to be carried out of the realm, upon pain that every oHi-nder shall, foi- the first offence, lose all his 
goods, and also sufter one year's imprisonment, and have his left hand cut off: 8 Eli'/., c. 3. And the statute 13 
Char. II. c. 3-2, ordains tiiat no person shall export any sheep, or wool, yarn made of wool, >vo(>I fiocks, or fuller's 
earth, on pain of lorl'eiture, &c. And, fi)r the protectiosi of manufactures of leather, it is enacted by tiie 13 and 14 
Char. II. c. 7, that no person shall carry out ot England, the skins oi- hides, tanned or unfanncd, of any ox, steer, 
bull, cow, or calf, under a penalty of .500 pounds. And the statutes 13 and 11 Char. II. c. It), piolubits the impor- 
tation of card wire, or iron wire employed in making wool cards: that no part of their woolK-n maiuifactoiy might 
depend upon foreign nations. And for encouraging the manufactories of the kingdom, it is enacted, by tlie statute 11 
and 12 Wm. III. c. 10, that all wrought silks. Bengals, and stutts,()f (he manufacture ot Persia. China, or the East 
Indies, and all printed, stained, and dyed calicoes, which shall be imported, shall not be worn in the kingdom: but 
shall be entered and carried to ware houses appointed by the commissioners of the customs, in order for exportation, 
and not taken thence, but on security given that they shall be exported. It was by such protecting statutes, and a 
multitude of others, that England created her extensive inanulactories, which multiplied the objects of commerce, 
and laid the foundation of that navy, which, at this day, gives laws to the maritime world. And an English author, 
who wrote upon the trade of that nation fi)rty years ago, says, " What is of the utmost consequence to England, is^ 
that, by laying higii duties, we are always able to check the vanity of our people, in their extreme fondness for wear- 
ing exotic manufactories: for, if it were not for this restraint, as our neighbors give much less wages to their work- 
men than we do, and, consequently, can sell cheaper, the Italians, the French, and the Dutch, would have c(m- 
tinued to pour upon us their silks, paper, hats, donggets stuftis, and even Spanish woollen cloths: for they have the 
wool of that country as cheap as we, and are beccmre masters of that business, by the great encouragement they 
have given to able workmen from other countries to settle with them; and, thereby, have prevented the growth of 
tiiose manufactories amongst us, and so might have reduced us to t/ie lotv cf^talc ire icere in before Iheir estabUsh- 
ment; and, therefore, it will be a maxim, to be observed by all prudent Governments, who are capable of manufac- 
turing within themselves, to lay sucli duties on the foreign as may favor their own, and discourage the importation 
of any of the like sorts from abroad." 

If other nations, as Spain, Portugal, Naples, &c. have neglected their manufactories, and, consequently, hold 
only a second or third rank among the nations of Europe, it would ill become the United States, to follow their ex- 
ample. In this particular we should rather imitate Enghuid or France, without, however, making the source of 
riches a rod of oppression, as tiiey have done: and, notwithstanding artisans are greatly oppressed there, whatever 
of republicanism is to be found in their constitutions, is to be ascribed to them: for in all ages the peasantry h;'.ve 
been too ignorant to understand their rights, and too remote from each other to be able to wiuistand op{)ression. 

It is, however, conceded by some, '" that coarse goods, and articles of the first necessity, ought to be manufac- 
tured here, while fine goods, and articles of luxury, ought to be imported from abroad;" which is much the same as 
to say, that foreign manufacturers ought to be employed in the most beneficial branches of our consumption, and the 
citizens should be contented with the inferior kinds of labor. 

If this be nut the meaning of our opponents, then it must be inferred, either that our citizens want genius to per- 
form the finer arts, or that they are despised in the United States. It is a fact, however, of perfect notoriety, that 
there are more fine goods of every manufactory used in the towns of America, than in those of the same size in Euiope; 
and also, that our citizens do not want talents to execute, or genius to contrive, any thing that may be required of 
them, and for which they shall have due encouragement. Among the members even|of this society, if we except china 
ware, it would be almost impossible to mention an article in use here, that could not be made by one or other of 
them. It is true, that many of them are employed out of their proper line of business, and in occupations far be- 
neath their genius or talents. Your memorialists cannot, therefore, be blamed for their opinion, that it would be 
more profitable to the nation to employ those people in teaching the rising generation those arts, than to continue 
purchasing foreign goods: and also, that the best and most profitable parts of the labor, ought to be given to the citi- 
zens; and the coarse or inferior branches, reserved for foreign nations. 

But it has been said, that high duties ought not to be laid, because we have not at present a sufficient number of 
hands to supply the United States. This only shews the necessity of protecting duties, which, alone, can give en- 
couragement to men of genius to pursue complex and difficult manufactories; and that no length of time would ever 
produce a sufficient number of hands witliout it. 

Having answered, as brieliy as possible, some of the objections of our opponents, and shown what another great 
nation did fiir the arts, during their infancy, in that country, your memorialists beg leave to state some of tlie efiiicts 
likely to be produced from an union of the three great branches of national industry, agriculture, manufactures, and 
commerce; in which it will be seen, that each of them would receive an additional impulse by such an union. And 
first, of agriculture. 

It has been already observed, that the state of agriculture is always in proportion to population. This is evident 
from a view of the price of land, which decreases in the compound ratio of its intrinsic worth, and its distance from 
the centre of a town, or the populous part of a country. But agriculture alone, will never concentrate the popula- 
tion, so as to form a town of any considerable magnitude. There can only be a country village, where a \\!\\ neigh- 
boring proprietors are collected, with the blacksmith, tavern keeper, and store keeper, &c. \\liich, instead of being 
the centre of trade and industry, is oftener the focus of dissipation. This scattered population requires a greater 
extent of roads than can be kept in any decent repair: hence, during several months in the year, they are impassable; 
and at all seasons, the distance is too great to make it profitable to transport heavy commodities, the rude produce of 
agriculture, except along the banks of navigable waters. 

But when the useful arts are established, in the midst of a fertile country, the system of farming becomes improv- 
ed; land advances in value, because all the produce of a farm finds a ready market in the neighborhood; and good 
roads may be made, without oppressive taxation. It is thus tliat agriculture has always flourished best, in the neigh- 
borhood of the arts; and commerce consisting in tlie exchange of the commodities of one district for those of ano- 
ther, the histories of all nations demonstrate, that, where objects of industry are greatly.diversified, the greater is the 
trade of the merchant. Manufactories might change the nature and objects of commerce; but, to annihilate it, would 
be contrary to the experience of all mankind. 

As the revenue of the United States is derived principally from the objects of foreign industry, it will be proper 
to inquire what would be the eflects of the manufacturing system on that revenue. We will suppose that, with all 
the protection that would be given to inanulactories, it would be, nevertheless, twenty years before the United States 
could supply themselves with every thing they chose to make, or could arrive at that perfection, so as to equal 
foreign nations: and if the revenue on goods imported were divided into two parts, viz. 1st. That which arises 
from the useful arts, (which it would be proper for the United States to encourage here) and, 2d. That which is 
levied on luxuries, such as tea, cliina ware, &c. or other manufactories, which it, perhaps, would be im|)rudent, for 
a series of years, to attempt, it is highly probable, if not evident, that the increasing population of the L'nited 
States would, in t\venty years, double the produce of the revenue arising from the importation of those luxuries, and 
make the revenue from that part alone, equal to the whole of the present revenue. On the other hand, a heavy pro- 
tecting duty on the useful arts would make a very considerable addition to the revenue, for a few years, which 
would, however, be gradually diminishing, as manufactories were established throughout the country. This argu- 
ment is predicated upon the stationary quality which the expenses of the Federal Government possesses, and on the 
nature of its revenue, increasing in proportion to tlie population. 



04 V FINANCE. [1803. 



Nothing can be a more appropriate object of taxation than foreign fashions and foreign luxuries. When foreign 
luxuries shall become more expensive, the citizens will be contented with more decent attire, and learn to place a 
iiigher ralue on the plain fabrics of home manufacture. In a few years, the genius of Americans will be called 
forth to invent luxuries of our own, which arc as beneticial to a country as foreign luxuries are injurious. 

Thus, by one operation, many advantages will accrue to the nation. New sources will be laid open for the em- 
ployment of' capital in the interior; the coasting trade and internal commerce will receive a new impulse; domestic 
industry will put to shame idleness and dissipation; foreign nations will lose their influence over our councils. The 
fertile lands of America will rise to their just value, by bringing a market to the door of the farmer. The riches 
with which nature has so bountifully blessed this country, will be explored and brought into use, and the minerals 
and waters of the country will be employed to the purposes for which they were designed by the God of nature. 

Your memorialists now beg leave to state, in a general xmiy, what alterations it would be necessary, in our opi- 
nion, to make on the duties on importation, so as to protect some of the most useful arts already established, and to 
encourage the introduction of others; and this we do, neither in the servile language of petition, nor with the pre- 
sumption of dictating to the wisdom of Congress. 

And 1st. It is our opinion that all manufactories of wjiich wood, fur, leather, horn, bone, or rags, are the raw 
• materials, as they are the produce of the country, ought either to be prohibited, or high duties laid on their importa- 
tion. Goods manufactured from these materials are either already made here, or may be made as soon as the ar- 
tisans are secured in their respective pursuits. 

The manufactories also, of which hemp, flax, cotton, and iron, are the raw materials, as they require great capi- 
tal, a great diversity of skill and talents, and have, for the most part, had a beginning here, ought to receive all the 
fostering care of Government; that we should not, in these expensive undertakings, have to contend with foreign 
goods in our own market. 

Whenever Congress shall seriously take up the subject of manufactures, a great number of articles will come 
under consideration, which are neither properly raw materials, in the strict sense of the word, nor finished goods; 
such, for example, are iron and brass wire, sheet brass, sheet copper, printing ink, types, &c. all of which are, how- 
ever, necessary to the completion of other manufactories. These, it is believed, might, some of them, be encouraged 
by premiums from the States: for it is known that, if once they are fairly set up, and the first expense got over, a 
very moderate duty would prevent foreign nations from rivaling us. 

Manufactories of the precious metals have already been established; but it is questionable whether they will 
preserve their reputation w ithout being assayed and stamped, as is practised in other nations, and whether this be 
within the jurisdiction of Congress. 

No nation can be called independent which relies for military or naval stores on a foreign country; and there 
can be no certainty of a supply, in time of war, but by encouraging their manufactory in times of peace, by prohibit- 
ing all foreign arms and ammunition. 

Every fabric of silk may, at present, be considered as a luxury, and, therefore, the proper subject of taxation; 
which, at the same time, would operate greatly in favor of the Soutliern States, where silk, in a few years, might be 
as plenty as in China. 

Your memorialists have forborne to say much on the manufacture of wool, as that article cannot be multiplied at 
pleasure, as cotton, hemp, and flax, may. This would depend upon a combination of circumstances. The people 
must be induced to prefer mutton and lamb to the flesh of hogs; and this can only be done by an attention to the 
breed, and improvements in the mode of pasturing those uselul animals — a subject which would come with more 
propriety from a society of agriculturists. 

Having thus submitted our case to the wisdom of Congress, your memorialists must now wait, with anxiety, your 
decision; and, in whatever manner this great question shall be determined, we shall console ourselves with having 
brought it to an issue: for, after your determination, the citizens will be no longer in suspense, as to the nature 
and object of their pursuits. The capitalist will be able to calculate in what line he ought to employ his capital. 
Parents will judge what occupation will be most profitable for their children. And foreign artists will see the pro- 
priety or impropriety of migrating hither — points which are not easily determined in the present state of things. All 
which is respectfully submitted, &c. 



athCoNGRRss.] No. 207. tlst Sessiom- 



ABATEMENT OF DUTIES. 

COMMUNICATED TO THE SENATE, DECEMBER 15, 1803. 

The Secretary of the Treasury, in obedience to the resolution of the Senate, of the first day of March last, direct- 
ing him to consider and report on the petition of Aaron Man, respectfully reports: 

That the petitioner prays for an abatement of duties on certain goods imported into the district of New York, 
in January, 1803, on account of damage received, as he states, during the voyage of importation. 

That, amongst other rules which have been prescribed, by the fifty-second section of the act to regulate the col- 
lection of duties on impost and tonnage, for ascertaining the damages which may have been thus received, and for 
making the proportionate deduction from the duties accrued, it is provided that no allowance shall be made for 
damage on merchandise, which, after the payment or securing of duties, has come in the possession of the owner or 
consignee, "unless proof, to ascertain such damage, shall be lodged in the custom house of the port or place where 
such merchandise has been landed, within ten days after the landing of such merchandise." 

That, in the present instance, not only the ten days had elapsed, before application was made to any custom house, 
but the damage does not appear to have been discovered until after the goods had been transported from the dis- 
trict of New York to that of Providence; from whence it has resulted that no proof whatever has ever been exhi- 
bited to the custom house of the port of importation. 

And, that it does not seem that, under tnose circumstances, relief can be granted, without a substantial devia- 
tion from established principles and regulations, which are considered essential to the security of the revenue. 

All which is respectfully submitted. 

ALBERT GALLATIN. 
Treasury Dkpautment, December 13, 1803. 



1803.] DIRECT TAX. g5 



8 th Congress.] ]V[(,, 208. [Ist Session. 



DRAWBACK. 

OOMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 15, 1803. 

Mr. Samuel L. Mitchill, from the Committee on Commerce and Manufactures, to whom was referred tlie petition 

of Nathaniel and William Smith, made the following report: 

The petitioners ask to be exonerated from the i)ayment of a custom house bond, for the duty on twenty-two 
hogsheads of sugar, imported into the United States, and which were lost or totally damaged, going cous/wise from 
Newburyport to Boston, where, it is stated, the sugar was to have been exported to a foretgn country. 

The sugar was accompanied with the usual document, certifying that the duties inwards had been secured: and 
stilting the amount, and time of importation. This certificate was only intended to identify the article upon its arri- 
val at Boston, and was not the dcbentvrc promising the pa)^ment of a sum of money, which debenture would liave 
t)een issued at the custom house where the sugar was originally bonded, had it been exported directly out of the 
limits of the United States. It has never been considered proper to refvnil the duty accruing on any goods or mer- 
chandise, when the same have been regularly landed, and the leturns thereof have been duly certified at the custom 
house, although losses or ilamages may afterwards have accrued, from any cause whatever, otiier than from the 
fault, neglect, or error, of the custom house officers; and excepting in cases of debentures for drawback of duties 
for goods shipwrecked, or otherwise lost on our own coasts, after the goods have been bonded for exportation, and 
cleared out for a foreign port or place. 

The sugar in question was not cleared out for exportation to a foreign country. The committee had hoped 
merchants had understood, by this time, that the duties secured to be paid will always be demanded, and that the 
United States are not to be considered as insurers or underwriters on goods bunded at the custom house. 

The committee are fully of opinion, that it would be improper to allow the drawback on any merchandise which 
may be damagecl or lost, in the transportation thereof, coastwise, from one district to another, in the United States; 
and they, therefore, beg leave to submit the following opinion: 

Resolved, That the prayer of the petitioners ought not to be granted. 



8th Congress.] No. 209. [1st Session. 



DIRECT TAX. 

COMMUNICATED TO THE SENATE, DECEMBER 20, 1803. 

The Secretary of the Treasury, in obedience to the resolution of the Senate, of the 18th ultimo, respectfully reports: 

That the statements hereunto annexed, and which have been abstracted from the latest returns in the treasury, 
by the commissioner of the revenue, under whose superintendence the internal revenues have been placed by lavv^ 
exhibit the sums either paid in the treasury, collected, or remaining outstanding in the several States, on account 
of the direct tax. 

And that it appears, by a letter dated the 22d ultimo, that the assessment of South Carolina, which, by the death 
or resignation of eight gentlemen, who had been successively appointed commissioners of the first division of that 
State, had been so long delayed, has, at last, been completed. 

All which is respectfully submitted. 

ALBERT GALLATIN. 

Treasury Department, December 17, 1803. 



66 



FINANCE. 



[1803. 



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1803.] 



DIRECT TAX. 



Notes to the preceding Statement. 

The coiuinns entitled "charges of collection."* embiace tlie compensations paid to surveyors of tlie revenue for 
preparing tax lists, the amount of commissions accruing on moneys received and paid over, contingent expenses, 



names of collectors, 



and all allowances which have been admitted by the supervisor, to the present date. 

t In the supplementary statements, marked A. which accompany this sketch, will be found tli 
&c. who are held responsible for these balances. 

(a) " The tax due from districts 5 and 58 is not yet ascertained, although the lists are completed for both. This 
circumstance prevents me from stating the exact sum to be collected from the State: but I am disposed to 
believe, from the assessinents of these two dislricis, that there will be a deficiency ol' something more than 
$1,000 of the (|uota required to be raised from North Carolina. This deficiency originates entirely from one 
county, and is owing to an error in tlie footing of the assessment by the commissioner of this State, when he 
rendered his return to the Secretary of the Treasury, the county alluded to being charged with $1,010,000 more 
than it was actually assessed." (See Mr. Folk's letter to the commissioner of the revenue. November 28, 180."?.) 
In consequence of this information. I have estimated the assessment at 192,697 90.5. which is $1,000 short of the 
quota. Collectors have been appointed to all the districts, excepting the aforementioned Nos. 5 & 58, which 
are, of course, taken on estimate at iji.S.yS" 11.5. 

{b) ""liists for which no collectors had been appointed," to wit: In the State of Massachusetts, division No. 1. 
(Maine) $8,431 25, being the amount assessed on districts Nos. 1. 0, 7. 9, 18, 19, 21, 22. 21, & 25. The super- 
visor states that he has no expectation of procuring collectors for either of them. In the State of Rhode Island, 
$275 57 being the amount assessed on district No. 29. 

{c) By referring to the supervisor's return, of the 31st March, 1802, it appears that the collectors of the tax had 
received and accounted for $40,588 23; the charges on collection, amounting to $2,029 23. being deducted, there 
remained in the hands of the supervisor, a balance ot $38,559: since 31st March, 1802, he has received further 
payments, amounting to $1.5G4 91, as appears by his weekly returns. From the date of the asses-ment on the 
State of Vermont, until the present time, the supervisor's payments to the treasury amount to \w more than 
$34,362 73; he is. therefore, held accountable for the dirterence. which is $5,761 18, as above stated. Mr. 
Brush's last weekly return was dated April 16. 1803; the balance which he then acknowledged to be in his hands, 
was $115 55. No explanation has been given, which will enable me to reconcile this extraordinary variance in 
his statements; and, although both Mr. Biusli, and (since his decease) his son, have been repeatedly uiged to 
render a final account, it has not been transmitted, nor has any satisfactory reason been assigned for the delay. 

(d) The balance which appears on the last weekly return of Edward Carrington. Esq. is $663 79. ^Vhen the su- 
pervisor deducts the connnissions, and to w hich he was entitled by accounts rendered at the close of the last 
quarter, there will be no difference in our statements. 

{e) Balance in the hands offMr. Dexter, late supervisor, $376,47.5. In the hands of Mr. Peck, marshal, (who now 
discharges the supervisor's duties) $131 64.9. 

(f) The commissioners appointed under the act of Congress of July 11. 1798. having made no returns of their 
valuations. &c. the assessment on this State is still suspended. 

(g) The supervis(U- received the necessary forins ami instructions from the Revenue oflice. and was long since ap- 
prised, by the Secretary of the Treasury, of the rate of assessment, but he has not rendered regular returns of 
his proceedings. Copies of my letters of the 31st January. 22d March, and loih October. 1803. accompany this 
statement: and I am sorry to add. that the urgent solicitations which are therein contained, have produced no 
satisfactory lesult. 

(^^J In the hands of J. Chester. Esq. late supervisor. 7 , n « i *i i ii 

(i) in the hands of H. Miller. Esq. late supervisor, 5 ''" " '" "PP"^^' ^'^ ^'^'^ ^""exed statements. 



Treascry Department, Revenue Office. December 



12. 1803. 
WM. MILLER, 



Jr.. Commissioner of the Hevcnvc. 



Statement exhibiting the bedcmces due by Collectors of the Direct Tux\ in the Dislricl of Xew Hcimpshire, on the 

3lst December, 1802. 



By a summary statement rendered, it appears that the aggregate amount for which collectors 

were accountable on 31st December, 1802. was - - - - - - $2,880 84 

And by the supervisor's weekly returns, since, there has been paid over to him on account. - 1,529 43 



Leaving a balance for which the collectors are still accountable, amounting to 



$1,363 1! 



But tiie supervisor has rendered statements of payments to surveyors for preparing tax list-, amounting to $674 9(>, 
and of other contingencies, to a considerable amount, which have been discharged by drafts upim collectors. I ha\e'. 
therefore, considered the abovementioned balance as extinguished, or nearly so. 



Statement exhibiting the bcdaaces due by Collectors and Inspectors on account of the Direct tax assessed on the 

District of Massachusetts, on the — of .August, 1803. 



Namks. 



Josiah Harris, collector. 

E. Town, do. 

John Sewall, do. 

Theo. Capen, do. 

John Moody. do. 

N. Bacheldor, do. 

John Frothingham. late inspector. 

Dollars, 



O u 



-SQ 






■2 
13 
15 
16 

4 



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$48 


30 


10 


40 


69 


98 


390 


46 


20 


00 


50 


00 


595 


14 


1,084 


17 


1,689 


31 



/ These balances will be absorbed by expenses whicli 
^ have been incurred in advertisinglands. 

For this balance, a warrant has been issued, and returned 

unsatisfied. 
For a counterfeit bill of twenty dollars, for which the 
_ collector claims an allowance. 
The collector retains this sum as an extra allowance. 



68 



FINANCE. 



[1803. 



Statement of the balances due'by Collectors of Direct Tax, in the District of Rhode Island, on the 20th September, 

1803. 



Names of Collxctobs. 


No. of Col- 
lection Dis- 
trict. 


Uncollected. 


Cash in the hands 
of Collectors. 


John A. Collins, ------ 

John Allen, ------ 

Thomas Potter, Jr. - 

Nicholas E. Durfee, ------ 

Thomas Palmer, ------ 

John Remington, ------ 

Joseph Thurston, -,.--- 
George James, ------ 

Francis Gardner, -_.-.- 
Henry Niles, -...-- 
William H. Davis, - - 
Peleg Rhodes, ------ 

Daniel S. Dexter, ------ 

John Rogers, ------ 

James Paine, ..-.-- 
Duty Smith, .------ 

Christopher Smith, - . . - - - 
Nehemiah Knight, Jr. . . - - - 
Thomas Wilbour, ------ 

Fleet Brown, ------ 

Vacant, ------ 


1 

2 

3 

4 

5 

6 

13 

14 

15 

16 

17 

18 

20 

22 

23 

24 

25 

26 

27 

28 

29 


$925 81 
208 33 

502 26 

119 57 
26 52.2 

127 17.8 
106 60.8 

29 29.2 

128 97.6 
927 62 

19 65 
230 64.5 

80 17.6 
171 26.6 

14 54 
264 14.4 
212 37.2 
275 57 


$49 52 
4 56.1 

05 

1 88 

15 

2 00 
16 

13 

40 

3 80 

16 50 
1 02 




$4,370 52.9 


$80 17.1 



From the date of the preceding statement, there has been collected and paid into the hands of William Peck, 
marshal, executing the duties of supervisor, $131 64.9, viz: By Collector George James, $24 02.2; by Collector 
Joseph Thurston, $107 62.7, as appears by his weekly returns. 



Cojry of a letter from ffllliam Peck Esq., Marshal for the District of Rhode Island, to the Commissioner of the 

Revenue, dated 

Providence, 26/A November, 1803. 

In compliance with your directions, I now transmit a weekly return of the state of the direct tax. Since the 
papers, relating to this tax, were handed to me by the late supervisor, (by which I was enabled to known who were 
the collectors in the several districts, and from whom balances were due) I have either seen, in person, or written 
in the most pressing manner to the delinquents, that the arrearages must be collected and paid in without any fur- 
ther delay. From the most of them I have been assured, that the collection shall be completed as speedily as the 
law will enable them to effect the business. The time which has elapsed since any considerable collections have 
been made, together with a prevailing idea that the Southern States have paid but a small part of this tax, causes 
many very unpleasant reflections upon the persons who are, at present, engaged in completing the collection of this 
part of the revenue. 

I, however, hope to be able to bring the business to a close, without any coercive measures, and by such a period 
as a business, so unpopular, can reasonably be expected. 

I have the honor to be, sir, with great respect, your most obedient humble servant. 

WILLIAM PECK, Marshal. 



Statement of the balances due by Collectors qf Direct Tax, in the District of Vermont, on theSlst of Alar ch, 1802. 



Names of Collectors. 



. of the 
Collection 
District. 



Uncollected. 



Cash in the hands 
of Collectors. 



Jehiel Webb, Jr. 
Thomas Leverett, 
William Mattocks, 
Ozias Fuller; 
Edward Lamb, 
Samuel Blodget, 
Abijah Barnum, 
Ephraim Holbert, 
John Peck, 
Alpheus Hall, 
Haynes French, 
Aaron Shephard, 
James Paddock, 
Abner Brush, 
James Farnsworth, 



2 
3 

12 
9 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 



$147 43 
240 14 
448 23 
127 24 
424 29 
211 89 
697 20 
552 10 
819 75 
50 83 
154 24 
221 06 
419 31 
729 08 
231 45 



5,474 24 



$92 00 

48 22 



260 00 
400 53 



33 54 
35 35 



$869 64 



From the date of the preceding statement, there has been collected and paid into the hands of the supervisor, 
$1,564 91, as appears by the weelcly returns. But, as these returns do not distinguish the name of the person by 
whom payment was made, the amount to the credit of each collector cannot be ascertained at present 



1803.] 



DIRECT TAX. 



69 



Statement of the balances due by the Collectors of Direct Tax, in the District of New York, on the 30th Jnne, 1803. 



Names of Collectors. 



Benjamin Goldsmith, 

Jesse Hulse, 
Eliphalet Chichester, 
•loseph Lattiiig, 
James Hedenbergh, 
Jeremiah Johnson, 
Joseph Ferine, 
John Manley, 
William Brown, 
Carlile Pollock, 
George Harsin. 
Frederick Weisenfels, 
Daniel Hitchcock, 
John P. Groshon, 
Elijah Ward, 
Robert Graham, 
Evert Hogenkamp, 
Samuel Moffat, 
Alexander Wood, 
John Monnel, 
James Dill, 
Ebenezer Geere, 
Lawrence Merkel, 
Aaron Camp, 
Gerret Cock, 
John P. Bortel, 
Arent Vosburgh, 
Nathan Halsey, 
Zeneas Barker, 
Harmanus A. Wendell, 
Joseph Carley, 
Mortimer Gage, 
W. D. Houghtailing, 
Reiiberi Hatch, 
Storm A. Becker, 
Jesse Shepherd, 
William Knickerbacker, 
Daniel Ketcham, 
Robert Mitchell, 
Jonathan Lynde, 
George Marsh, 
William Coibin, 
Abraham Wells, 
Abraham Conyne, 
James Smyth, 
Cornelius C. Beckman, 
Peter Young, 
Robert McFarlain, 
John Fluskey, 
Eber Hyde, 
Abram Camp, 
Stephen Cromwell, 
Moses Wright, 
James C. Chappel, 
John York, 
William Hatch, 
Ricketson Burlingame, 
Billa Whitney, 
No Collector, 
Joel Roberts, 
No Collector, 
Isaac Baldwin, 



No. of the 
collection 
district. 



2 
3 
5 
6 
7 
8 
9 
10 
13 
15 
U 
13 
14 
16 
17 
19 
21 
23 
24 
25 
26 
27 
29 
35 
36 
38 
39 
30 
40 
41 
42 
43 
44 
45 
46 
47 
37 
52 
53 
57 
58 
59 
60 
61 
63 
64 
65 
66 
67 
68 
69 
62 
73 
77 
83 
84 
85 
88 
92 
95 
96 
100 



Uncollected. 



$5 94 

5 70 
39 

40 56 
,52 30 

6 20 

118 02 
663 39 
800 11 

718 88 

76 22 
427 20 

33 58 
158 81 

1 82 
44 03 

223 68 
29 16 

25 99 

465 95 

490 92 
822 91 

328 81 

2 37 
188 02 

1,435 72 

264 29 

14 97 

367 91 

34 58 
34 00 

20 
365 29 

26 69 
10 51 

5 80 

77 65 
4 85 

72 27 

144 87 

184 19 

127 68 

182 36 

24 29 

19 93 

16 20 

53 91 

53 70 
226 31 
285 27 
109 48 

54 49 
324 56 

10 50 

1 50 

7 00 

115 12 



$10,377 11 



Cash in the hands 
of collectors. 



By the supervisor's letter of the 2d instant, it appears that 

$2,803 32 of the preceding balances is due from collectors appointed for the city of New Y^ork. 

5,299 41 fromcollectorsagainst whom warrants of distress have been issued. 

1,605 63 from collectors, who owe small balances, arising from taxes on slaves, and inaccuracies in their lists. 

130 00 from collector Beckman, 7 t _,,. +1,,,, „„u „,.,f ^ff,^^^ 
n, r ,»,! r Hi Ku If Liost through post ottices. 

215 00 troni collector Chappel, 3 . . 

323 75 from N. Fish, late supervisor, for moneys received of collectons, which were omitted in his accounts. 
$10,377 11 



The supervisor remarks "that the amount due from the city of New York would have been collected by the sale 
of the property on which the tax remained unpaid, before this time, had not the late unhappy situation of the city, 
from sickness, prevented that measure: the sales are, however, to take place in all this month, and that very little 
of the item of $1,605 63, will ever be collected. 



10 



tt 



70 



FINANCE. 



[1803. 



Stalement exhibiting the balances due by Collectors of Direct Tax, in the district of Pennsylvania, on the 3lst of 

March, 1803. 



■- ■ — — — 

NAJIES OF COLLECTORS. 


No. of the 
collection 
district. 


Uncollected. 


Cash in the hands 
of Collectors. 


James Asli,* .-.--- 


1 


$1,843 57 J 




Jacob Horn, ....-- 


.» 


673 50.5 


1,262 22.3 


James 8vvain, ...--- 


3 


2,972 08.2 


187 19.5 


Catlwallader Griffith, ------ 


4 


1,770 60 


852 84.1 


Jesse Morris, ------ 


5 


150 77 


1,232 07.5 


James Chapman, ------ 


6 


609 87 


504 41.1 


Daniel St. Clair, ------ 


7 


1,876 69 


206 18.1 


Jacob Bower, ------ 


8 


69 25.4 


1,128 95.8 


Philip Kreemer, ------ 


31 


83 31 




Stephen Balliet, ------ 


9 


1,930 81 


28 84.4 


John Buyers, Junior, ------ 


10 


604 84.5 


85 76.5 


Benjamin Perry, ------ 


11 


191 70.5 


23 87.5 


Matthew Wilson, ---.-■■ 


12 


672 26.5 


39 25 


Edward Home, .----- 


13 


261 65 


143 45.3 


Joshua Gibbons and Jacob Humphreys, - - - - 


14 


13 61 


81 76 


John Graff", ------- 


16 


248 50 




David Montgomery, ------ 


17 


566 75 


156 13.1 


George Buehler, ------ 


18 


130 27.5 


2,374 50 


Thomas Crabb and William Crabb, . - - - 


32 


320 55.1 


107 28.7 


John Edie, ------- 


19 


818 90.9 




William McClelland, . - . - - 


20 


183 35 


145 88.6 


Henry Postlethwaite, ------ 


21 


1,978 13.7 




John HoUiday, ..---- 


22 


21 36.7 


15 50 


James Chriswell and George Wilson, - _ - - 


23 


1,174 77.4 




John Cadwallader, ------ 


24 


467 25.1 


196 24 


Robert Johnson, ------ 


25 


337 12 


91 15.1 


James Brice, ------ 


26 


42 33 


8 35 


Benjamin Wells, ------ 


27 


77 90 




John Wells, ------ 


28 


329 74 


703 30.6 


John Webster, .-.--- 


29 


594 86.4 




Samuel Hyde and James Brice, . - - - 


30 


408 94.8 


26 39.6 




$21,430 30.5 


$9,601 58 



From the date of the preceding statement, there has been collected and paid into the hands of the supervisor, 
$4,480 10, as appears by the weekly returns; but, as these returns do not distinguish the name of the person by 
whom payment was made, the amount to the credit of each collector cannot be ascertained at present. 

* When General Muhlenberg was appointed to the supervisor's office, the proceedings of Mr. Ash were suspended under 
an expectation that Mr. Coxe, who succeeded him in the office of collector of the internal duties, would have undertaken to 
collect the balance of the direct tax. Mr. Ash, accordingly, exhibited his hst of what was outstanding, and was ready for settle- 
ment; but the difficulty of collecting a number of fragments, by compulsory process, upon the small commission which the 
law allowed, prevented the accession of Mr. Coxe to the arrangement which tlie supervisor had contemplated. Mr. Ash has 
since been urged to resume his functions, but I do not know with what success; however, from a notification wliich has appeared 
from the supervisor's office, in the Philadclpliia papers, I conclude that Mr. Ash has consented to the winding up of the 
business. 



Statement exhibiting the balances due by Collectors of Direct Tax, in the district of Maryland, on the 30th of June, 

1803. 



NAMES OF C9LLECT0RS. 


No. of the 


Uncollected. 


Cash in the hands 




collection 




of collectors. 




district. 






Joseph Ford, ------ 


1 


$490 09 




Samuel Hanson, of W. . - . - - 


2 


1,118 13 




Ben. H. Mackall, ------ 


3 


56 57 




Thomas Harwood, of B. 


4 


1,025 53 




George Magruder, - - - . - - 
William AFexander, ------ 


5 


1,295 18 







3 49 




Isaac Dickson, ..---- 


7 


1,488 01 




John K. Smith, .-..-- 


8 


2,377 60 




Thomas Jeftery, ------ 


9 


305 99 




George Magruder. ------ 





1,657 88 




George Price, ------ 


10 


12 29 




John Ritchie, - - - 


11 


228 70 




David Lynn, -----.. 


12 


231 48 




John D. Thompson, ------ 


14 


1,145 66 




James Arthur, ------ 


15 


262 36 




John Browne, Jun. -.---- 


16 


730 48 




John Bennett, ..---.- 


17 


677 89 




Evans Willing, ------ 


19 


1,209 67 




John Green, ------ 


20 


25 16 




^ .,' • 


$14,342 16 





From the date of the preceding stiitement, there has been collected and paid into the hands of the supervisor, 
$176 54, as appears by the weekly returns: but, as these returns do not distinguish the name of the person by whom 
payment was made, the amount to the credit of each collector cannot be ascertained at present. 



1803,] 



DIRECT TAX, 



Statement exhibiting the balances due by Collectors of Direct Tax, in the district of Virginia, on the 30th of S^p. 

ber, 1803. "■ ' 



71 



em- 



NAMES OF COLLECTORS. 



Robert G. Payne, 
William McCraw, 
John Street, - 
Thomas Clarke, 
Allen Townes, 
John Bull, - 
William H. Smith, 
Edward Worsham, 
Edmund Graves, 
James Fiiniey, 
Mordecai Cook, 
Thomas Carter, 
John Withers, Jun. 
Thomas Bell, 
Samuel Ball, 
Elias Stilwell, 
William Naylor, 

George Strieker, 

Alexander Hawthorn, 

John Alexander, 

David Rowland, 

Robert Steele, 

Hugh Mac Gavock, 

John Fulkerson, 

Samuel Ewing, 

George Pitzer, 

Jehab Grahani, 



No. of 
survey. 



No. of the 
collection 
district. 



4 



10 

12 

14 

15 

1 

5 

13 

4 

9 

11 

16 

5 

8 

6 



11 

12 

1 

2 
3 
5 
6 



Uncollected. 



$5 03 

93 10 

12 28 

88 60 

116 45 



95 
30 



3 

2 

29 99 
33 04 
18 32 
18 28 

3 89 
1 51 

24 08 
3,237 49 

630 58 

61 80 

178 12 

713 24 

G 10 

10 05 

25 04 

4 51 
47 

250 33 

380 90 

3 85 



Cash la the hands 
of collectors. 



$5,953 30 



Since the date of the preceding statement, there has been collected and paid into the hands of the supervisor 
$312 68, as appears by the weekly returns; but, as these returns do not distinguish the name of the person by whom 
payment was maile, the amount to the credit of each collector cannot be ascertained at present. 

On the 22d September, 1803, the supervisor rendered an abstract of tax due on houses and lands remaining un- 
sold, agreeably to his notification of 2d June, 1802, as extracted from the returns of the collectors on the lists sent 
out authorizing sales in December, 1802, and January, 1803; the amount is $5,545 23. 



Statement of the balances due by the Collectors of Direct Tax, in the district of Kentucky, on the 31 st of March, 1801. 



5AMES OF COLLECTORS. 


No. of col- 
lection dis- 
trict. 


Uncollected. 


Cash in the hands 
of Collectors. 


George ManseU, ------ 

John Harbison, ------ 

Joseph Ballinger, --.-_. 
Isaac Holeman. ------ 

John Crow, ------- 

William Hubbel, -..---. 
James Macconnel, ------ 

Peter Machir, ------ 

Willis Morgan, ------ 

Thomas L. Patterson, . . _ - . 


M-2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 


S6,098 47.7 
4,284 86.9 
2,254 14.4 
2,428 60.3 
1,331 93.7 
1,717 88.2 
1.808 31.8 
3,184 05.3 
3,891 10.5 
2,081 97.4 
2,291 99.5 


$262 22.6 

168 31.2 
564 77.5 
155 07.8 

19 11.2 
334 13.1 
299 25 

87 19 


1 


$31,373 35.8 


$1,890 07.5 



From the date of the preceding statement, there has been collected and paid into the hands of the supervisor. 
$11,862 05, as appears by the weekly returns; but as these returns do not distinguish the name of the person by 
whom payment was made, the amount to the credit of each collector cannot be ascertained at present. 



Extract of a letter from the Supervisor of the district of Kentucky, to the Commissioner of the Revenue, dated 

March 11//;, 1803. 

" In a few days I will give you a statement of the sales of lands where the direct tax has not been paid. At pre- 
sent, appearances are rather unpromising; a great proportion of the lands will not sell. I have instructed the collect- 
ors to adjourn the sales for a few days, whenever they find the sales dull, by which means, 1 am in hopes, in the 
course of the Spring, to be able to dispose of a great proportion of the lauds in this State, on which the tax has not 
been paid." 

The statement referred to by the supervisor has not made its appearance. 



72 



FINANCE. 



[1803. 



Statement exhibiting the balances due by the Collectors ^c. of the Direct Tax, in the district of Tennessee, on the 

I6th of November, \802. 



Bv the supervisor's account current, there was uncollected, and in the hands of the Marshal of East Tennessee, 

on the 16th November, 1802, a balance, amounting to - . , " ^ , . ' " " ^ltlt 

And by the supervisor's weekly returns since, there has peen paid over to him on account, - 433 82 

Leaving a balance, for which the collectors are still accountable, of - - - ^^'*" ^^ 

The collectors are, however, entitled to a credit for several abatements, for inaccuracies, &c. in their lists, so that 
it is probable no part of this balance will be recovered. 



State)nent exhibiting the balances due by Collectors of Direct Tax, in the District of North Carolina, on the 30th 

September, 1803. 



NAMES OF COLLECTORS. 



John Strother, 
Lewis Hunter, 
Daniel McKisick, 
George Walton, 

James P. Walker, 
Christian Lash, 
Samuel Hunter, 
Hance McCain, 
John Beard, 
Samuel King, 
Joseph McK. Alexander, 
David Reese, 
John Christian, 
Joseph Picket, 
James Stewart, 
John Storm, 
Duncan McRae, 
Malcolm Gilchrist, 
John Barfield, 
William Robeson, 
John Conyers, 
Hanson Kelly, 
William French, 
Joseph Dickson, 
Frederick Foscue, 
James Taylor, 
Robert Hunt, 
Seth Hovey, 
Josiah Lawrence, 
Benajah White, 
Benjamin Evans, 
James Rhodes, 
Hugh Dickson, 
Louis Leroy, 
Barnaby Burrow, 
William Scurlock, 

Henry Jones,' 

Joseph Greer, 

Henry E. Williamson, 

John Clixby, 

Maurice Smith, 

Charles Marshall, 

William Green, 

Lewis Wells, 

John H. Hall, 

Henry Hunter, 

Daniel Backsdale, 

William B. Lockhart, - 

Hardy Murfree, 

David Turner, 

Levi Blount, 

Edmund Norcum, 

Thomas Marshall, 

Demsey Sawyer, 

William Bruer, 

James Wood, 



No. of 

Collection 

District. 



Uncollected. 



1 

2 
3 
4 
5 
6 
7 
8 
9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

29 

30 

31 

32 

33 

34 

35 

36 

37 

38 

39 

40 

41 

42 

43 

44 

45 

46 

47 

48 

49 

50 

51 

52 

53 

54 

55 

56 

57 

58 



$1,093 11 
2,821 26 
3,993 10 

864 78 

271 43 

469 66 
1,197 22 
1,109 .52 
2,938 64 

248 45 

70 89 

2,163 89 

392 73 

2,642 17 

48 66 

211 88 

199 40 
724 12 

1,397 87 

45 34 

75 08 

931 09 

1,092 55 

405 84 

35 99 

1,124 55 

4,309 67 

1,421 13 

200 93 
767 46 
103 19 

80 97 

1,048 67 

1,833 68 

484 06 

1.966 23 

1,205 76 

804 59 

115 87 

541 06 

129 43 

71 42 

682 61 

8 45 

42 06 



Cash in the 
hands of Col- 
lectors. 



1,583 39 




469 45 




612 36 




1,843 92 




1,937 50 




356 67 




446 76 




387 26 




2,207 20 




1,762 90 




135 99 




$54,129 76 





1803.] 



DIRECT TAX. 



73 



S. Statement of balances which appear in the hands of the Supervisors of the Revenue. 



In what State. 



New Hampshire, - 
Massachusetts, - 
Rhode Island, 

Connecticut, 

Vermont, 

Pennsylvania, 

Maryland, 

Virginia, 

Kentucky, 

Tennessee, 

North Carolina, - 



Names of the Supervisors. 



Nathaniel Rogers, 

Jonathan Jackson, 

John S. Dexter, late supervisor, 

William Peck, nuirshal, 

John Chester, late supervisor,* 

Nathaniel Brush,] 

Henry Miller, late supervisor,* 

John Kilty, - 

Edward Carrington,t - 

James Morrison, 

John Overton, 

William Polk, 



5376 47.5 7 
131 64.9 i 



Amount. 



$1,963 09 

856 47 

.'iOS 12 

413 75.8 
5,761 18 
2,180 38 
1,512 81 

307 62 
8,424 37 

302 13 
3,203 58 



.1*25,493 50.8 



•The late supervisors of Connecticut and Pennsylvania have not been notified, by the Comptroller, of the adjustment of 
their direct tax accounts. 

fThe difference between tliese sums, and the balance in tlie supervisor's last weekly returns, is accounted for, in the notes 
which are annexed to the general statement. 



Copies qf letters to the Supervisor of Georgia, referred to in the general statement G. 

Treasury Departmetn, Revenue Office, January 31, 1803. 
Sir: 

By your letter of the 29th ult. it appears that collectors of the direct tax were still wanting in two counties, viz. 
Bullock and Bryan. As the collection was progressing in 18 districts, and likely to proceed in four more by the 
1st of February, I hope that I shall very soon be favored with a return of your receipts, conformably to my instruc- 
tions. As n\ore than 15 months have expired since you were notified by the Secretary of the Treasury of the rate 
of assessment, &c. and authorized to proceed in the business, he is surprised that so little appears to have been done. 
By referring to tiie 19th section of the act which imposes a direct tax, you will find that collectors are liable to a 
forfeiture of all their commissions on sums which are not accounted for and paid over with promptitude. If other 
means of ensuring punctuality do not succeed, you must inevitably resort to this provision, and put the bonds of 
collectors in suit, without loss of time. I, however, flatter myself that I shall not have occasion to complain of un- 
reasonable delays, on any future occasion. 

I am, respectfully, your obedient servant. 



John Mathews, Esq. 



WILLIAM MILLER, Commissioner of the Revenue. 



Sir: 



Treasury Department, Revenue Office, March 22, 1803. 



I am looking with great impatience for the arrival of regular weekly returns of your receipts i^nd payments 
on account of the direct tax, for the information of the Secretary of the Treasury. It is indispensably necessary 
that this document should not be neglected; the irregularity of the subordinate officers cannot affect your conduct 
in this respect; I, therefore, hope that some other apology will be given, if tiie present requisition is not immediately 
complied with. 

I am, respectfully, sir, your obedient servant, 

WILLIAM MILLER, Commissioner of the Revenue. 
John Mathews, Esq. 



Treasury Department, Revenue Office, October 10, 1803. 
Sir: 

The Secretary of the Treasury is desirous of laying before Congress, at an early period of the approaching 
session, an exact account of the internal duties and taxes which remain outstanding; 1 have, therefore, to request 
that you will immediately make up and forward the remainder of your accounts, in order that the situation of your 
district may be ascertained. If you are not fully prepared to render a statement to the 30th September, 1803, or 
your final statement, I wish the balances on the 30th June, 1803, or at the expiration of any of the preceding quar- 
ters, to be correctly stated, noting thereupon all subsequent receipts and payments. 
I am, respectfully, your most obedient servant, 

WILLIAM MILLER, Commissioner of the Revenue. 
John Mathews, Esq. 



74 FINANCE. [1803. 



8th Congress. ] No. 210. [l&t Session. 

DRAWBACK. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 20, 1803. 

Mr. Samuel L. Mitchill made the following report: 

The Committee of Commerce and Manufactures report such facts as have occurred to them, on a resolve of the 
House, of the 9th of November, directing them to report, by bill or otherwise, whether a drawback of duties ought 
not to be allowed on sugar refined in the United States, and exported to loreign ports or places, togetlier with 
their opinion on the same. 

By " An act laying certain duties on snuffand refined sugar," a duty was laid and collected of two cents the 
pound, on sugar refined w ithin the United States. By the fourteenth section of the same act this duty was allowed 
to be drawback on exportation, together witli three cents the pound on account of the duties paid upon the importa- 
tion of crude sugar. At the time of making this regulation, the duty on crude sugar was one cent and one half the 
pound. Upon tne calculation that two pounds of crude sugar were required to make one pound of refined sugai-, 
three cents of drawback were allowed on exporting the refined article, and to this were added the two cents paid for 
the excise: the sum of the duty and the excise, when added together, making the five cents of drawback at that time. 
By the statute of March the third, one thousand seven hundred and ninety-seven, an additional duty of half a 
cent the pound was levied on brown sugar imported from foreign places; and by the fifth section of that act, tlieie 
was allowed an additional drawback of one cent the pound on exported refined sugar, of domestic manufacture; ob- 
serving the same rate of calculating two pounds of crude sugar for one of refined. 

On the thirteenth day of May, one thousand eight hundred. Congress imposed a further duty of half a cent the 
pound on imported brown sugar, and increased the drawback, in consequence tiiereof, to one cent the pound on the 
exportation of domestic refined sugar. . i • 

The whole amount of drawback, amounting thus to seven cents the pound, on the exportation of sugar refined in 
the United States, was done away by the statute repealing the internal taxes. 

The committee find further, notwithstanding the repeal of these statutes, and of their parts, which relate to the 
«!uties, excises, and drawbacks, provided for crude and refined sugars, that the refining of sugar at home is not wholly 
u I: protected. It is known that sugar candy or crystallized sugar could be imported from Asia, not only so cheap 
;iis to vie with West India brown, but even to be substituted, in many cases, for refined sugars in tlie markets of the 
L'liited States. The merchants who could have brought great quantities of this elegant form of sugar, were inter- 
rupted in their trade in this article, by the imposition in the statute of March 3, 1797, of the excessive duty of nine 
cents the pound, and by the statute of May 13th, 1800, an additional duty of two cents and one half per pound, 
making together eleven cents and one half the pound, and of course the almost entire prohibition of the importation. 
Thus, to protect the domestic refiners of sugar, the merchants who trade to the East Indies are prohibited from 
bringing sugar candy to the United States, and the citizens at home from consuming it, but at the enormous piice 
paid" for it, as a dainty, a medicine, or a rarity. 

Sugar candy being thus excluded our market, and, of course, from competition. Con stress made another provision 
for encouraging the domestic sugar refinery. They imposed, by the several acts of Au:: ;st 10, 1790, ( f June 7, 1794, 
and of January 29, 1795, various duties, amtuirting to nine cents, on the importation of foreign refined loaf sug;;r, and 
six and one half cents on all other refined sugar. They refused, by the statute of June 5th, 1794, a drawback on t!.;j 
exportation of imported loaf and lump sugars of foreign refinery; they forbade the importation of it altogether in ves- 
sels of less burthen than one hundred and twenty tons; and they, even then, prohibited the admission of it in parcels ot 
smaller quantities than six hundred pounds. This amounts almost to the prohibition of foreign refined sugar; as a 
proof of vvhich, it may be observed that, iiom one thousand seven hundred and ninety, to one thousand seven hun- 
dred and ninety-two, the quantity of imported loaf sugar, consumed in tlie United States, was two hundred and 
eight thousand five hundred and forty pounds; from one thousand seven hundred and ninety-three, to one thousand 
seven hundred and ninety-eiglit, it was forty-one thousand three hundred and tliirty-seven pounds. In one tliou- 
sand seven hundred and ninety-nine, and one thousand eight hundred, it was eleven thousand seven hundred and 
eleven pounds, which, at the rate of nine cents per pound, produced, in the first period, eighteen thousand seven hun- 
dred and sixty-nine dollars of revenue; in the second period only three thousand seven hundred and twenty dollars; 
and in the last, but one thousand and fifty-four dollars. From October the first, one thousand eight hundred, to the 
thirtieth of September, one thousand eight hundred and one, there were only sixteen thousand six hundred and 
twenty-eight pounds of loaf sugar imported; of which, twelve thousand seven hundred and fifteen pounds were in 
American, and three thousand nine hundred and thirteen pounds in foreign vessels. 

Under this loss of revenue from the existing regulations Loncerning sugar, it is believed, by the persons engaged 
in the refining business, that, in tlie infantine state of this manufacture, it stands in need of greater encouragement. 
It will be remembered that, already, sugar candy and loaf sugar, from abroad, are loaded with such heavy duties 
that their prohibition operates as a bounty on the domestic manufacture. It will be recidlected, too, that the duties 
on the refined sugar consumed at home, are paid by the consumer; and that, to protect the refiners of sugar in the 
United States, Government have adopted measures that have considerably lessened the revenue on that article; and 
by removing foreign competition, enhanced the price to the domestic consumer. 

Still it is inquired whether the drawback ought not tube allowed on the exportation of refined sugars of our own 
manufacture? 

There are two difficulties attending this, arising from the acquisition of Louisiana. 

The tirst is, that already four thousand and five hundred casks of sugar, weighing half a ton each, estimated to 
be worth three hundred and two thousand and four hundred dollars, are preparetl and exported annually from New 
Orleans, and its vicinity. By annexing this territory to the United States, this quantity of sugar, or a ratable pro- 
portion of it, will come into the States, and probably be refined. It would be unreasonable to pay a drawback upon 
sugar which had never paid a duty. Under an improved cultivation, the country lying between the river Iberville 
and the city of New Orleans may be made additionally productive of sugar cane: it is supposed that a tract of nine- 
ty miles inlength, and three quarters of a mile in breadth, on both sides of the Jilississippi, will be turned into sugar 
plantations, and yield, annually, twenty- five thousand hogsheads of sugar, and twelve thousand puncheons of rum. 
This quantity, thrown into our market, may be contemplated as good stock for the refiners to work upon. 

The second difficulty is, that a refinery of sugar has been, for some time, est.ablished at New Orleans, which is 
said to produce two hundred thousand pounds of loaf sugar annually- This branch of manufiicture may be expected 
to increase there, as the quantity of sugar increases, and as capitalists and men of enterprise go into the business. 
By performing the operation of refining near the place where the sugar is raised, much of the expense of transporta- 
tion will be saved, by carrying the wrought rather than the raw article to a distant or a foreign market. And to ac- 
complish the object, which the refiners in the United States have in view, it would be necessary to prohibit the im- 
portation of refined sugar from Louisiana; and to avoid paying the amount of a drawback upon sugars that have 
never paid duties, it will be necessary for the economy of Government, and the security of the treasury, to distin- 
guish those of Louisiana from others of foreign production. 

It would appear, from this examination of facts, that sugar refining has been more favored by Government than, 

f)erhaps, any branch of domestic manufacture. The diminution of 17,735 dollars in the revenue, heretofore derived 
rom imported loaf sugar, indicates the amount of a virtual bounty annually paid to encourage tiie business. 



1804.] 



THE MINT. 



75 



It may be questioned whether a drawback ought to be allowed on the exportation of domestic refined sugar, un- 
less the duties were lessened on the importation of sugar candy and foreign refined sugar. While the prohibitory 
duties exist on the latter articles, the demand for Fredish [United States] refined sugar, in foreign markets, may raise 
the price of the article, so as sensibly to affect the consumer of refined sugar at home. 

This rise of the price of refined sugar at home and abroad, will, of course, raise the price of brown or crude sugar 
in our home market: and by the competition between tlie refiners and the housekeepers, muscovado sugar itself 
must be paid for at a dearer rate by the citizens, at large, who consume it. Thus the trade will be in danger of being 
engrossed by the refiners, who, without paying any revenue to Government, raise the price of loaf, lump, and brown 
sugar, to the consumer. 

A good reason does not occur to tlie committee, wherefore both tlie treasury of the nation, and the pockets of 
the individual citizens, should be subjected to greater payments than at present, for promoting the refinery of sugar; 
and particularly, as the extension of the laws of the linited States to Louisiana, presents this subject in an aspect 
different from any in which it has been viewed before. 

The plain principle on which drawbacks are allowed, is that the identical article imported, shall be exported ac- 
cording to law. If they are gi-anted upon articles that have undergone a remarkable chemical or mechanical altera- 
tion, then they ought to be allowed on all exported cordage formed from imported hemp, on exported rum distdled 
froni imported molasses, and on garments made at the slop shops, and otherwise from imported cloth, and afterwards 
carried abroad. 

In the case of sugar, the committee is inclined to think, that the operation of refining has already been patronised 
to as great an extent by Government as is consistent with political economy and public gooil; and under that con- 
viction, tliey submit to the House their opinion — 

That it would be improper, at this time, and under existing laws and regulations, to allow a drawback upon the 
exportation of domestic refined sugar. 



8th Congress.] 



No. 211. 



llstSEsaioN. 



MINT. 

COMMUNICATED TO CONGRESS, JANUARY 13, 1804. 

To the Senate and House of Representatives of the United States: 

The Director of the Mint having made to me his report of the transactions of the mint, for the year 1803, I 
now lay the same before you, for your information. 

TH: JEFFERSON. 

January 13, 1804. 



Mint of the United States, Philadelphia, January 6th, 1804. 

The Director of (he Mint of the United States, on the commencement of the new year, respectfully makes tlie 
following report of the issues of the mint, from the 1st January, 1803, to the 51st December of the same year. 

Notwithstanding the dull prospect at the beginning of the year, coinage, of every kind, amounts, in the whole, to 
the sum of three hundred and seventy thousand six iiundred and ninety-eight dollars and fifty-three cents, as will 
appear, in detail, by the schedule No. 1, hereunto annexed. 

The current expenses of tiie mint have been reduced to the sum of seventeen thousind seven hundred and five 
dollars and ninety-five cents, as will appear from schedule No. 2; and the profit on the copper coinage has amount- 
ed to five thousand and ninety-five dollars and forty-eiglit cents, as appears by schedule No. 3. 

It appears to be the duty of the Director, respectfully to remind the President, that, in case the loan office in tin's 
city sh ould be abolished by law, provision must be made for a commissioner to attend the inspection and assay- 
ing the reserved pieces during the past year, on the second Monday in February next, in the room of the Commis- 
sioner of Loans, if he sliould be removed. 

All which is respectfully submitted to the President, by his very obedient and very humble servant, 

ELIAS BOUDINOT. Director of the Mint. 
To the President of the United States. 



.In ahslrart of the Coins slrnrkat the Mint of the United States, from 1st January to 3\st December, 1803. 

Gold Coins. 





Eagles. 


HalfEag-les. 


Quar. Eagles. 


Dollars. Cts. 


Totals. 


Quarter ending in March, 
Do. June, - 
Do. September, 
Do. December, 


4,816 
4,163 


20,091 
7,511 
5,904 


423 


1,057 50 

100,455 00 

85,715 00 

71,150 00 




..._.... 


8,979 


33,506 


423 








Tota 


il amount of C 


iold Coins, 


- 


258,377 50 



fff 






FINANCE. 






[1804. 


ABSTRACT— Continued. 


\ 






Silver Coins. 








Dollars. 


Half Dollars. 


Dimes. 


Half Dimes. 


Dollars. 




Quarter ending 
Do. 
Do. 
D6. 


in March, 
June, 

September, 
December, 


37,677 
16,167 

12,220 


31,715 


31,380 
1,660 


34,120 
3,730 


42,521 
16,167 
16,210 
12,220 






66,064 


31,715 


33,040 


37,850 


87,118 




■ 




Total amount of Silver Coins, 
Copper Coins. 


■ " 


87,118 00 




Cents. 


Half Cents. 


Dolls. Cts. 




Quarter ending 
Do. 
Do. 
Do. 


in March, - 
June, 

September, 
December, 


- 


.. 


882,200 

1,843,800 

281,353 

264,000 


5,900 
92,000 


8,822 00 

10,438 00 

2,843 03 

3,100 00 


/ 




2,471,353 


97,900 








Total aiTif 
Am 01 


)unt of Copper Coins, 


nt, in 1803, 


25,203 03 




int of coins struck at the mi 


$370,698 53 



Mint of the United States, Treasurer's Office, Philadelphia, 3lst December, 1803. 

BENJAMIN RUSH. 



^n Abstract of the Expenditures of the Mint of the United States, from 1st January to 3\st December, 1803. 





Salaries. 


Wages. 


Incidental. 


Totals. 


Quarter ending March, 1803, ...... 

June, ...... 

September, ...... 

December, ...... 


$2,650 
2,650 
2,650 
2,660 


$1,424 97 
1,408 11 
1,327 84 
1,032 41 


$380 77 
505 74 
422 40 
603 71 


$4,455 74 
4,563 85 
4,400 24 
4,286 12 


Dollars, 


10,600 


5,193 33 


1,912 62 




■ 




Am 


ount. 


$17,705 95 



Mint of the United States, 

Treasurer's Office, Philadelphia, 3lst December, 1803. 



BENJAMIN RUSH. 



1804.] 



REMISSION OF DUTIES. 



• 77 



A Statement of the srain on Copper coined at tlie Mint of the United States, from the \st January to the 'Mst 

December, 1803. 



180:3. 
Dec'r. 31, 

ltM)3. 
Feb'y. 33, 



23, 



Aug't. 8, 



Nov. 7, 
Dec'r. 31, 



5,163 00 



16,911 53 
29 50 



5,298 75 



136 75 



17,132 60 



220 97 



3,100 00 



25,203 03 



14,050 83 
10,950 93 



V unt remaining in hands of the cliicl coiner, as per 
abstract rendered, on which there was a profit of 

Deduct, returned by him in the 

spoiled planchettes, 27 70 

Allowed to him for difference 

of weight, - - 109 05 on copperdeliverM him 



Amount of invoice of copper entered 31st December, 1802, 

and delivered to chief coiner this day. on wliich there 

was a profit of - - - 

Deduct, returned by him in spoiled 

planchettes, - - 34 66 

AUowed to him for difference [since 2.3d Feb'y- 

of weight, - - 186 31 on copper delivered 



Half cents received from the chief coinei', made from the 
spoiled planchettes, - - - 

Amount of invoice of copper delivered to chief coiner this 
day, on which there is a profit of - - - 

Deduct so much yet remaining in hands of chief cimier, 
uncoined, which will take a proportion of above profit. - 



Amount of copper coined in 1803. 

Amount of profit in coining said sum, 



1,102 96 



130 75 



3,746 34 

220 9: 

2,603 50 
2,029 10 



966 21 



3,525 37 
29 50 



574 40 



$5,095 48 



Mint of the United States, 

Treasurer'' s Office, Philadelphia. 31s/ December, 1803. 



BENJAMIN RUSH. 



8th Congress.] 



No. 212. 



[1st Session. 



REMISSION OF DUTIES. 

communicated to the house of representatives, JANUARY 23, 1801. 

Report of the Committee of Commerce and Manufactures, on the the petition of Samuel Corp, referred on the 13th 

January. 

The petitioner, in August, 1799, was consignee of the ship Chesapeake, hound from London to New York, with 
a cargo of European goods, destined for the New Orleans market. It was his intention to have made an entry there- 
of, for exportation accordingly, at the custom house in New York, to avoid the payment of the impost there, and 
avail himself of the exemption therefrom, which the law of his country permitted. 

When the petitioner went to the custom house, after the arrival of tne ship, it was still his intention not to land 
any part of the cargo in the United States; and the captain had also made a declaration upon his manifest, of an in- 
tention to export. "These precautions having been duly and openly made, the petitioner hoped his merchandise 
v/ould have been exempted from duties. 

The ship, however, on her passage to New York, had been visited by a revenue officer of New London, who had 
demanded of the captain a copy of his manifest. This had been given to the officer: but the captain did not express 
thereon, that the cargo was intended lor exportation. 

By reason of thisVariauce in the copy of the manifest, the collector of the port of New York obliged the peti- 
tioner to give bonds for the duties on the cargo. These bonds, it was then conceived, would be of little inconveni- 
ence to him, as he could be relieved from the duties by afterwards exporting the merchandise: the collector only re- 
taining for the United States, the customary drawback on the debentures. _ 

Believing now that the business was in a safe and proper train, the petitioner did not think it necessary to make 
an application to the Secretary of the Treasury for relief. But, with tiie exception of a few casks of shot, \yhich he 
took out of the ship, he exported the whole cargo, without unlading it, directly to New Orleans. There, duties were 
paid on it to t!ie Spanish Government, and no part appears to have been relanded in the United States. 

Afterwards, on applying for payment of the three debentures, which had been issued to him by the collector, he 
could obtain payment for no more than one. The payment of the other two has been refused, untler the act of 
March, 1799, prohibiting the allowance of debentures for drawback on merchandise exported to foreign dominions 
contiguous to the United States, as Louisiana then was. 

The relief solicited by the petitioner is for tlie amount of the two remaining debentures, which he now holds. 

It ajipears to the committee that the ship sailed from Europe in January, 1799. At that time the collection law 
of 179!) was in force. That statute did not require tliat the declaration to export should be stated by the captain, on 
the manifest J(rs/ exhibited. Tlie captain therefore acted according to the law of his country, at the time he sailed; 
and lie could not be presumed to know what alterations had been made during his absence. _ 

The whole series of the transactions appears to have been fair and candid, on the part of the petitioner. He has 
shewn the utmost respect and obedience to the laws. The collector and naval officer entertain no doubts of his 
original intention to export the merchandise in question; and if, as the committee suppose, the petitioner ought to 
have been originally excused IVom entering his merchandise, and giving bonds for duties on the same, then he clearly 
is entitled to a reimbursement of the money, wh.ich he has been obliged to pay in satisfaction of those bonds. It is, 
therefore, the opinion of the committee. 

That the request of the petitioner is leasonable, and that he ought to be relieved. 

11 tt 



78 FINANCE. [1804. 



8th CoxGRESs.] No. 213, [1st Session. 



ADDITIONAL DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 24, 1804. 

The Secretary of the Treasury, in obedience to the resolution of tiie House of Representatives, of the 21st of 

February, 1803, respectfully reports: 

That the articles in tiie annexed statement are susceptible of being taxed in proportion to quantity instead of 
value. 

That the great variations in prices, arising from the various places where the articles are purchased, from fluc- 
tuations at the same places, and from the different modes of purchasing, render it difficult to state with precision, 
in conformity with the resolution, what specific duty, instead of that now laid, would neither increase nor diminish 
the revenue: but that, from the best materials which have been obtained, the duties, which, in the annexed table, 
are stated as equal to those now laid, appear equivalent to the present duties, ad valorem, computed on the highest 
market value. 

And that the alterations in the rate of duty, which will be found in the last column of the statement, have been 
suggested by some of the collectors. 

Although not embraced by tiie resolution of the House, it is respectfully suggested that a small difference in the 
rate of duties respectively laid on the importation of the several manufactures ot hemp and flax, cotton, silk, wool, 
paper, leather, and hardware, for tlie purpose of ascertaining, with precision, the amount consumed in the United 
States, of each class, would, hereafter.enable the Legislature, without risk to the revenue, to introduce, from time to 
time, such modifications as might appear most favorable to the agricultural and manufacturing interests of the 
country. 

All which is respectfully submitted. 

ALBERT GALLATIN. 

Treasury Department, 23(/ January, 1804. 



1804.] 



ADDITIONAL DUTIES. 



79 



Statement of articles, on the importation qfivhich neiv specific duties may be laid. 



ARTICLES. 



FISH. 

Cod, dried, 
Salmon, pickled. 
Mackerel, do. - 
Shad, do. - 

Herring, do. - 

FRUIT. 

Almonds, soft shelled, 
" hard do. - 
Currants, - 
Prunes and plums, 
Figs, - - - - 
Raisins, nuiscadel. 
Do. in hoxes and jars, 
Do. in casks. 
Pine apples. 
Cocoa nuts. 
Lemons, 
Oranges, 
Linies, 

GLASS. 

Black quart bottles, - 
Window, Englisli, 
Not above 8 by 10, - 

" 10 by 13, - 
Above, 

Window, German, 
Not above 8 by 10, - 

" 10 by 12, - 
Above, 

GUNPOWDER. 

First quality. 
Second do. 

IRON. 

Old, - - - - 

Bar, - - - - 

Hoop and slit, - 
Sheet, 

PAINTS. 

White lead in oil. 

Do. dry. 

Red lead in oil, - 

Do. dry. 

Yellow ochre in oil, - 

Do. drjr, 

Spanish brown in oil, - 



Cwt. 
Barrel. 



lb. 



100 



Groce. 



Cwt. 



Specific duty 
equal to dut\' 
now jjaid. 



Dolls. Cts. 
3/ 






45 
37 

•28 



02^ 

02 

02 

02 

OU 

OU 

oiu 

01 

60 
60 

18 
18 
08 



60 



Alterations in 
specific duty 
proposed by 
several col- 
lectors. 



Dolls. Cts. 
1 00 

75 
50 



1 60 

1 75 

2 25 



00 
20 
50 



3 25 l 
3 75 i 



25 

60 

90 

1 20 



2 00 
1 90 
1 50 
1 35 
1 50 
60 
80 



02 



H 

1 00 

50 
20 



75 
1 75 

1 25 
3 00 



25 

75 

1 00 

1 25 



2 00 
1 50 
1 00 



ARTICLES. 



Spanish brown, dry, 

PEWTER. 

Plates and dishes, 
Quick silver. 



SPICES. 



Cassia, 
Cinnamon, - 
Cloves, 
Mace, 
Nutmegs, - 

Tallow, 

NANKEENS. 

Short, 
Long, 
Blue, - - - . 

Russia sheeting, • 

Do. duck. 
Ravens do. 

UMBRELLAS. 

Silk, East India, 
Do. other, - 
Cotton, 

NAILS. («.) 

From 3f/. to 8(/. - 
Under 3d. - 

Segars, {b.) 

Seines, (c.) 

SHOES, (rf.) 
Kid and morocco, 

WINE, (e.) 

Sicily, - - - 

Saddles and saddle- 
ry, T/-) - - - 



Cwt. 



lb. 



piece. 



lb. 

thou'd. 
lb. 

Pair. 

Gallon. 



Specific duty 
equal to duty 
now paid. 



Dolls. Cts. 
20 



03 i 
Ool 



03 

20 

20 

1 25 

50 

01 



09 
U 
15 

2 00 
1 80 
I 20 



35 
50 
25 



02 
02 

30 

unascerta-d 

15 



Alterations in 
specific duty 
])roposed by 
several col- 
lectors. 



Dolls. Cts. 
50 



05 
10 



121 percent, 



06 
20 
20 
1 25 
50 

Oil 



10 
15 

2 00 
1 50 



50 
75 
30 



5 per cent, 
ad valorem. 
2 00 

04 



30 



15 per cent. 
ad valorem. 



(«.) Spikes and nails now pay a duty of 3rf. per pound, wliich is, therefore, much lower, in proportion to the value on nails 
of a small, than on those of a large, size: the alteration proposed in the last column woidd equalize the duty. 

(b.) Segars now pay, under the name of tobacco, a duty of Gd. per pound, wliich is less than 5 per cent, on the value. 

(c.) Seines now pay an ad valorem duty of 12^ per cent. ; twine pays 4 dollars per cwt. ; it is proposed to lay a similar duty 
on seines. 

(d.) Kid and morocco shoes now pay the same duty as leather shoes, viz: 15 cents per pair; it is proposed to lay on them a 
duty equal to that laid on silk shoes, viz : 25 cents a pan'. 

(e.) Sicily wine being non-enumerated, now pays 23 cents per gallon; it is proposed to lay on it a duty of 30 cents, as on 
Lisbon wine, to which it is said to be, at least, ecjual in quality. 

ff.) All manufactures of leather now pay 15 per cent, ad valorem, saddles and parts of saddles excepted, wliich pay only 
13^ per cent. 



80 FINANCE. [1804. 



8th Congress.] / No. 214. [1st Session. 



ENCOURAGEMENT TO MANUFACTURES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 25, 1804. 

Mr. Samuel L. Mitchill made the following report: 

Report of the Committee of Commerce and Manufactures on various memorials and petitions from citizens of New 
York, New Jersey, Pennsylvania, and Maryland, praying for legislative patronage to several domestic arts, 
trades, and manufactures. 

During the first session of the seventh Congress, petitions and memorials were presented to Congress from the 
manufacturers of gunpowder, of hats, of printing types, of brushes, and of stone ware. These were severally referred 
to the Committee of Commerce and Manufactures, and upon them a distinct report was made on the 10th of Febru- 
ary, 1802. In the course of the same session, a report was maile by the same committee on the subject of hemp, in 
consequence of a memorial from certain citizens praying an increase of duty on imported hemp and sail duck. This 
was presented to the House on the I8th February, 1802. 

Afterwards, during the same sessicm, the memorials and petitions of various manufacturers of starch, paper, and 
umbrellas, referred by order of the House, were severally reported on. And this report was offered on the 8th 
March, 1802. 

The session then drawing towards a close, the reports on these petitions, together with the memorials of sundry 
calico printers, cordwainers, and shoemakers, were, few of them, acted on. but were left, with other unfinished 
business, to be taken up at the succeeding session. The resolution of the House, to this effect, passed on the 16th of 
April, 1802. 

In the course of that succeeding session, a considerable number of the former petitions were renewed, or others 
presented tor similar purposes; and to the former collection were added memorials from printers, comb makers, 
gun smiths, and cork cutters. The report on this volume of memorials was made on the 21st of February, 1803. 

A number of these memorials, or others of the like import, have been presented again during the present session. 
The cutters of corks, the makers of plated trappings for cari-iages and horses, the stainers of plain cotton goods, and, 
in short, the ilomestic tradesmen and artists oi" almost every other denomination, haveapplied to Congress to patron- 
ize tiieir respective employments, and to increase their profits. The modes of favoring domestic manufactures by 
governmental aid, may be reduced to the following heads: 

1st. Encouragement by exempting imported raw materials from imposts. — Already has it been recommended 
to (he House to encourage some of our domestic manufactures by increasing the facility of introducing the raw mate- 
rials \yhich enter into them. And it was thought a sufficient encouragement for the manufacture of wheat into flour, 
and of mill stones, that rough or un wrought burrs should be admitteilfree from duty. The like opinion was enter- 
tained concerning the encouragement of the brush manufacture, by advising that bristles of swine should be admitted 
free. As our country is not known, as yet, to furnish pure antimony, the exemption of the regulus of that metal 
from impost, was thought a sufficient encouragement for the incipient type manufacture. The paper manufacture 
seemed to be sufficiently provided for, if rags were permitted to be brought into the country without being dutied. 
Though saltpetre and suipiiur both abound in the United States, yet, as their preparation is still in a backward state, 
it v.as thought that the manufacture of gunpowder would receive due patronage by exempting them both from the 
payment of impost on their importation from Italy and India. Some think indigo ought to come free; as also the 
bark of the cork tree. 

2d. Encouragement by laying higher or prohibit duties on manufactured articles imported. — It has been urged 
that a duty of twenty-five pei- centum ad valorem, on fur hats, brushes, stone ware, saddles, cannon ball, glass bot- 
tles, and glass ware of all kinds; and fifty cents on umbrellas; three cents per pound on starch; and four cents on 
hair powder, vvould have an operation favorable to the domestic enterprise of hatters, brush makers, potters, saddlers, 
iron masters, glass, umbrella, and starch nianufiicturers. 

In like manner it has been considered by a former committee that, if five cents the pound was laid upon import- 
ed gunpowder; three cents per pound upon glue; two cents per pound upon tarred cordage; two and a half cents 
upon untarred cordage or yarns; on printed calicoes an additional duty of two and a half per cent.; on all {)lated 
ware, an additional iluty of five per cent.; on soap, three cents the pound; on candles of tallow, three cents the 
pound; on anchors, two cents per pound; on spikes or bolts of iron, two cents per pour.d; oa cut, slitted, or rolled 
iron, one cent per pound; on foreign pickled fish, one dollar the barrel; and on all dried fish, one dollar the quintal; 
there would be an adequate governmental aid extended to the manufacturers of gunpowder, glue, cordage, soap, 
and candies, anchors, spikes, slit iron, and to the cod fishery. 

•3d. Encouragement by withholding drawback from articles of foreign manufacture exported again. — This is 
done alredy in the case of loaf and refined sugar, and might easily be extended to other articles. 

-1th. Encouragement by allotcing drawback of duties paid on domestic manufactures equal to what was paid for 
the raw uuiferials on their importation. — This has generally been allowed on the exportation of sugar refined from 
the foreign material, and on rum distilled from fiireign molasses, though, under our present law. neither is entitled 
to the tirawbick. it has been supposed tliat plain cottons, which undergo the operation of staining and printing 
within the countiy, iniglit be permitted to receive drawback on exportation in the form of calicoes. 

5th. By direct Jjounties.—TWii mode of encouragement has been thought to have been employed partially in the 
curing and exporting of cod fish, and could be extende<l to other branches of business, if sound policy required it. 

Froin this view of the proceedings of Congress, it will appear that mucli has been done already to encourage the 
dciniestic industry of our citi'/.ens. 

That industry, under such aids as th.e Government by these means lias given, at a time when population is so 
rapidly increasing, has caused useful arts and manufactures to rise up and tin-ive in almost every part of the country. 
Our works in wood, copper, hemp, leather, and iron, are already excellent and extensive. And, if we do not excel 
in the manufiuture of the finer articles of cotton, silk, wool, aiul the metals, we may felicitate ourselves that, by 
reason of the ea»e of gaining a subsistence, and the high price of wages, our fel low citizens, born to happier destinies, 
are not doomed to the wretchedness of a strict discipline in such manufiictories. 

Our citizens are distinguished iiir their ingenuity and skill. They have invented many expedients by machinery 
to s'lorten ;'.nd cheapen labor. The machine for making wool and'cottoa cards, the machines for ginning cotton, 
the macliini's for cutting and heading nails, the machinery for elevating wheat, and for raising and stn-iing meal, in 
mills, and ill.- improvements in (he manufacture, of muskets, class with the most useful inventions v.ith which the 
age li;;s beei; adoriied. 

ft is. perhaps, to be regretted by the petitioners, that Congress is deprived of the power to encourage manufac- 
tures by imposing duties on certain domestic raw materials, if exported. If this, lio\\ever. had not been withheld 
by the constitution, an expert duty upon lioins and bones of oxen and deer, might operate in favor of the comb, knife, 
lantern. &c. manufacture; and an export duty upon gieen myrtle wax might favor the bleaching of that choice 
vegetable production, and the formation of white candles from it; so, perhaps, the laying an export duty upon furs 
would be a rc-.dy method of aiding the hat manuiacture. Or, to lake a stronger case, an export duly on provisions, 
by making bread, meal, and otlier articles of litod cheap at home, might be viewed by scime of the petitioners as a 
capita! method of lowering labor and encouraging domestic manufactures. But none of thi:-; latter class of expedi- 
ents is under the control of the Government. 



1804.] REMISSION TO COLLETOR, &c. 81 

The committee observe in the journal of the House, that, on the 21st of February, 1803, a resolve was oassed 
directing the Secretary of the Treasury to prepare, and lay before Congress, a plan foi- the levying new ana more 
specific duties on goods,wares, and merchandise, imported into the United States, so that the same shall, as near as 
may be, neither increase nor diminish the ])iesent revenue collected from imports. From this plan, lately presented 
to Congress, additional liglit has been thrown on this subject. 

In tlie mean time, it ought to be considered that there is great scope for agriculture, tillage, and rural employ- 
ment, in the United States. Agriculture is the great occupation \viiicli sets in motion all kinds of manufactures. It 
furiiislies both tlie raw materials, and tlie articles of subsistence to those who are engaged in manufacturing employ - 
ments. Tlie cultivation of the earth is, theiefore. absolutely necessary to provide the ingiedients for arti/.ans to 
work upon, and the food for enabling them to live, while they are engaged in labor. This being the fact, the great 
question arises, whether we shall furnish raw materials and food to marnifacturers in our own country, or in foreign 
lands.'' 

Political ecoKomists will instantly see that the good of the revenue, and the happiness of the people, are best 
promoted by ottering a part of our unwrought materials, and of our surplus provision^;, to domestic manufacturers, 
and, at the same time, to export the other part of what we can spare, in exchange for the wrought productions of 
foreign manufactories. 

In a country devoted to agiiculture, the cluster of arts andtratles which minister toils wants spring up of course, 
and almost from necessity. The plainer, c(!arser, and more useful fabrics in wood, wool, lealhei', iron,Hax, cotton, 
and stone, are manufactured with tolerable skill; wliile the more fine, costly, and high wrought articles of those 
several kinds, can be procured more conveniently from foreign parts. And while the country consumer pays for the 
former with one part of his spare produce, he barters away the other part to procure a proportion of the latter. 

There may be some danger in refusing to adnnt the maiuifactures of foreign countries; for, by the adoption of 
such a measure, we should have no market abroad foi- our produce, and industry would lose one of its chief incen- 
tives at home. 

In addition to the wise calculations and estimates of our predecessors in Congress, who devised the existing sys- 
tem of imposts, there may probably be something done. And the following plan appears to the committee as well 
adapted as any thing that has occurred, to suit the wishes of the petitioners as fir as seems reasonable, and as actual 
circumstances warrant: 

Resolved, That rags of linen, cotton, woollen, and hempen cloths; bristles of swine; rcgulus of antimony; un- 
wrought burr stones; saltpetre; and the bark of the cork tree, (which pay at present \'ik per cent, ad valorem) be 
admitted free of duties. 

Resolved, That brushes and black bottles, (now paying a duty of 131 pei' cent.) be henceforward charged \vith a 
duty of 25 per cent. 

Resolved, That fur hats, and plated ware, (which now pay 15 per cent.) shall be raised to a duty of -30 per cent. 

Resolved, That stone ware, window glass, and cannun ball, (which now pay 15 per cent.) be hereafter charged 
with a duty of 25 per cent. 

Resolved, Tiiat foreign pickled and dried fish, (which now pay 12j per cent, ad ^ r.lorera) be subjected to a duty 
of 150 cents the barrel lor the former, ..nd of 100 cent^ the quintal for the latter. 

Resolved, That a duty of 3 cents the pound be laid upon starch, of 1 cents the pouml upon hair powder, and 4 
cents upon glue, on their importation, in lieu of the present duties of 15 per cent, ad valorem. 

Resolved, That printed calicoes, and gun-powder, (now paying 12,4 per cent.) bj henceforward charged with a 
duty of 15 per cent. 

Resolved, That tarred cordage and cables (now paying 180 cents the cwt.) be subjected to a duty of 2 cents the 
poutul; and tiiat untarred cordage (now paying 225 cents the cwt.) be made to pay 2^ cents the pound. 

Resolved, That a duty of 50 cents a piece be laid upon uusbrellas; of 3 cents per pound upon soap; of 3 cents 
the pound upon tallow candles; of 2 tents the pouiui upon anchors; of 2.^ cents upon spikes and bolts of iron. 



tJthCoNGRKss.] No. 215. [IsiSessiox. 



REMISSION TO THE ( OLLECTOR AND NAVAL OFFICER AT SAVANNAH. 

COMMUNICATED TO THE HOl'SE OF r.DPRESENTATIVES, JANIAUV 27. 180!. 

Mr. Samuel L. MrrcniLL made the following report: 

Report of the Committee of Commerce and Manui'aetures, on the memoiial of Laughlan ^Ulntosh and Joseph Ha- 
bersham, i-eferred on the 16th instant: 

The former of the memorialists is die late naval ofhcer of tlie port of Savannah, in Georgia. The latter is the 
agent of the estate of John Habersham deceased, late collector of the customs at that port. 

In the years 1791 and 1792, the collector and na^■al officer, from a misunderstanding and improper construction of 
the revenue laws, at that time, omitted to charge the ten per cent, on enumerated articles imported in foreign vessels. 

After tiie mistake was detected, the memorialists made all the exertions in their power to collect these arreara- 
ges of duties. And in this they were so successful that the whole of the sum due from the collector and naval offi- 
cer to the treasury was recovered, except one thousand one hundred and eleven dollars and eighteen cents; and the 
reason why the whole was not recovered was, that many of the importers of goods were transient persons, v,ho never 
came into that collection district again. A list of the names of these persons, aiul the sums of money owing by them, 
respectively, accompanies the memorial. 

The accounts of Mr. MTntosh. and Mr. John Habershan, have never, as yet. been settled at the treasury. And 
the object of the present application is to solicit an exoneration of the arrears of debt, to (he amount aforesaid; and 
to this appeal to Congress they have been prompted, iri consequence of the inability (;f the Secietary and Comptroller 
of the Ireasury to grant relief. 

It appears that the then Secretary of the Ti-easury wr.s inclined to construe favorably the error in judgment of 
the collector and naval officer in the interpretation of the law. And the present ISecietary of the Treasury, in pur- 
suance of the probability he feels that the inconvenience complained of arose from a nustake in construing the law, 
or from an ignorance of it, was disposed to direct ci-edit to be given for the amount. Iie.d imt tiie Comptroller con- 
ceiyeit that the law forbade the exercise of that discretion in tiie present case. 

The committee are of opinion, that the petitioners are entitled to relief; and that tiie Secretary of the Trea-u ry 
he authori7,ed to direct credit to be given to the late collector of Savannah, to the amount of eleven luindreil antl 
eleven dollars and eighteen cents. 



32 '. '" FINANCE. [1804. 



8th Congress.] No. 216. [1st Session. 



DUTIES AND DRAWBACKS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 30, 1804. 

Treasury Department, January 27, 1804. 

Sir' 

In obedience to the permanent order of the House of Representatives, passed on the third of March, 1797, I 

have the honor to transmit a statement, exhibiting the amount of duties and drawbacks on goods, wares, and mer- 
chandise, imported into the United States, and exported therefrom, during the years 1800, 1801, and 1802. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Hon. the Speaker of the House of Representatives. 



1804.] 



DUTIES AND DRAWBACKS. 



83 



A Statement exhibiting the amount of Drawback payable on sundry articles exported from the United States, in 
the years 1800, 1801, and 1802, compared with the amount of Duties collected on the same, respectively. 





IN THE TEAR 1800. 


IN THE TEAR 1801. 


IX THE YEAR 1802. 


SPECIES OF MEKCBAXDISE. 
















Duties 


Drawback 


Duties 


Drawback 


Duties 


Drawback 




received. 


payable. 


received. 


payable. 


received. 


payable. 


On Merchandise — 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Di.lls. 


Paving a duty cff 10 per cent, ad val. 


562,182 


191,476 


2,339 


8,444 






Do 11 do 


142,456 


90,603 


3,659 


10,331 






Do 12i do 


2,886,365 


304,160 


4,738,042 


822,263 


3,318,075 


513,459 


Do 13J do 


329,94- 


80,692 


688,854 


231,835 


270,171 


99,808 


Do 15 do 


1,123,015 


115,288 


1,397,954 


164,973 


1,170,338 


67,635 


Do 16^ do 


146,221 


25,750 


122,720 


25,443 


102,604 


8,561 


Do 20 do 


59,149 


4,965 


91,047 


7,159 


73,125 


6,010 


Do 22 do 


13,877 


2,654 


23,232 


3,942 


25,798 


2,092 


Wines, at 40 do 


49,458 


57,162 


62 


3,593 


_ 


182 


Do 44 do 


27,993 


33,519 










Wines, Madeira, 


151,846 


11,817 


155,124 


12,202 


145,741 


12,864 


Biiigiindy and Cliampaigne, - 


748 


108 


2,167 


337 


2,464 


586 


Slieny, - - - 


75,493 


13,062 


26,239 


342 


268,573 


4,829 


St. Lucar, - - - 


1,220 


544 


138 


- 


650 




Lisbon, - - - 


89,904 


174 


133,830 


2,711 


63,906 


767 


Oporto, _ _ - 


9,810 


980 


4,140 


77 


20,515 




Teneriffe and Fayal, 


86,257 


11,9'J5 


98,885 


26,289 


107,318 


4,575 


Malag-a, - - - 


68,310 


19,393 


43,206 


41,477 


71,835 




All (ither, - - - 


241,339 


132,467 


481,803 


394,002 


175,889 


130,639 


Spirits, Foreign, distilled from grain, - 


181,082 


19,552 


252,697 


16,357 


237,069 


18,584 


Do. from other materials. 


1,367,210 


94,464 


2,089,962 


121,879 


2,179,805 


104,068 


Domestic do. from Molasses, - 


203 


172 


522 








Do. from domestic produce, - 


41 


- 


24 


54 


87 




Molasses, _ _ - - 


194,248 


446 


299,768 


15,927 


353,431 


1,706 


Beer, Ale, and Porter, 


22,114 


7,273 


15,917 


3,074 


15,751 


544 


Tea, Bohea, _ _ _ 


367,617 


109,027 


187,071 


68,898 


221,651 


50,047 


Souchong, _ _ _ 


128,847 


3,589 


134,715 


55,913 


117,395 


88,069 


Hyson, - - - - 


214,978 


43,854 


186,334 


96,418 


110,436 


60,903 


Other Green, - - - 


153,353 


12,730 


248,507 


78,734 


292,488 


139,099 


Coffee, _ - - - 


2,120,368 


1,773,422 


2,983,447 


2,439,944 


1,682,439 


1,284,376 


Cocoa, _ _ - - 


120,192 


93,334 


Xt o,o30 


137,132 


29,526 


28,096 


Chocolate, - - - - 


61 


- 


99 


5 


175 


4 


Sugar, Brown, _ _ _ 


1,796,428 


734,801 


2,623,647 


1,346,382 


1,821,117 


717,353 


Clayed, _ - _ 


1,019,863 


840,951 


1,123,594 


1,067,532 


196,581 


252,026 


Lump, _ _ _ 


- 


- 


70 








Loaf and Candy, 


1,967 


310 


1,222 


55 


1,161 


172 


All other, - - - 


- 


- 


430 


- 


55 




Candles, Tallow, _ - _ 


2,544 


1,095 


5,596 


1,856 


1,297 


1,847 


Wax and Spermaceti, 


161 


17 


273 


108 


95 




Cheese, _ _ _ _ 


34,649 


16,565 


50,344 


43,747 


28,382 


21,056 


Soap, _ _ - _ 


74,183 


34,636 


38,830 


45,560 


8,906 


11,300 


Pepper, _ - - - 


158,984 


53,642 


289,124 


234,532 


371,305 


335,258 


Pimento, _ - - - 


25,642 


16,827 


15,848 


10,037 


11,523 


2,010 


Tobacco, manufactured, - - 


19,699 


5,314 


17,947 


1,147 


22,533 


1,220 


Snuff, _ - - _ 


3,607 


109 


3,048 


3,986 


1,050 


270 


Indigo, _ - - - 


167,558 


141,800 


129,380 


73,723 


78,589 


91,442 


Cotton, _ - - _ 


105,787 


103,484 


129,731 


108,675 


101,699 


93,301 


Nails, _ - - _ 


73,939 


14,264 


73,878 


12,543 


69,250 


6,101 


Spikes, _ _ - _ 


4,904 


89 


2,877 


67 


3,194 


213 


Lead, Bar and other, 


24,972 


635 


23,034 


3,867 


15,178 


2,629 


Steel, unwroiight, - - _ 


9,077 


511 


15,489 


529 


12,202 


753 


Hemp, _ - - _ 


19,535 


1,017 


81,435 


- 


83,446 




Cables, _ - _ _ 


292 


1,181 


860 


49 


1,783 


166 


Cordage, Tarred, - - _ 


19,647 


9,888 


50,900 


5,731 


20,963 


6,935 


Do. Untarred, and Yarn, 


2,456 


25 


3,267 


- 


2,395 


8 


Twine and Pack-thread, - - 


8,546 


700 


7,120 


265 


6,663 


192 


Glauber Salts, - _ _ 


2,832 


28 


2,995 


254 


1,756 




Salt, _ - _ _ 


687,387 


5,190 


686,454 


13,864 


792,838 


6,607 


Coal, - _ - _ 


25,150 


181 


31,889 


227 


23,388 




Boots, _ _ _ _ 


3,460 


323 


5,388 


383 


3,663 


230 


Shoes and Slippers of Silk, 


876 


298 


1,022 


757 


2,393 


461 


Do. all other, - - _ 


11,766 


1,822 


13,559 


839 


11,150 


1,048 


Cards, Wool and Cotton, 


2 


- 


35 


_ 


141 




Do. Playing, - - _ 


19,462 


8,997 


48,939 


52,623 


15,039 


17,155 


Dollars, 


15,261,279 


5,249,282 


20,064,059 


7,819,093 


14,766,990 


4,197,256 



Treasury Department, Register's Office, January 27, 1804. 



JOSEPH NOURSE, Register. 



M 



FINANCE. 



[1804. 



8th Congress.] No. 217. 



[1st Session. 



SINKING FUND. 

COMMUNICATED TO TlIE SENATE, FEBRUARY G. 1804. 

The Commissioners of tlm Sinking Fund respectfully report to Congress as follows: 

That the measures which have been authorized by the Board, subsequent to their report of the ."ith February, 
1803, so I'ar as the same have been completed, are fully detailed in the report of the Secretary of the Treasury, to 
this Board, dated tlie third day of the present month, and in the statements therein referred to; which are herewitli 
transmitted, and praved to be received as part of this report. 

JOHN BROWN, President of the Senate. 
JAMES MADISON, Secretary of Slate. 
AliBERT GALLATIN, Secretary of the Treaswy. 
LEVI LINCOLN, Attorney General United States. 
Washington, February 4, 1804. 



The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund — 



That, at the close of the year 1801, the unexpended balance of the disbursements, made out of the 
treasury, for the payment of the principal and interest of the public debt, which was applicable 
to payments falling due after that year, as ascertained by accounts rendered to the Treasury De- 
partment, amounted to - - ------ 

As will appear by the statement A. 

That, during the year 1802, the following disbursements were made out of the treasury, on account 
of the principal and interest of the public debt, viz: 

I. 'J'here was paid on account of the reimbursement and interest of the domestic fund- 
ed debt, the sum of - - - - " . " . ' 4,618,021 39 

II. On account of domestic loans obt;uned from the Bank of the United States, viz: 
On account of the principal, - - - . 1,290,000 00 
Onacctumtof the interest, - - - - 162,025 00 



$1,085,907 60 



III. On account of theiiomestic unfunded debt, viz: 
On account of debts due to foreign officers. 
On account of certain parts of the domestic debt. 



7,994 92 
14,906 84 



IV. On account of the principal and interest of the Dutch debt, including 
repayments in the treasury, - - - ■ 

Amounting, altogether, to - - • 

As will appear by the annexed list ol' warrants B. 

Which disbursements were made out of the following funds, viz: 

I. From the funds constituting the ainmal appropriation of $7,300,000, for 

the year 1802, viz: 

From the fund arising from interest on the debt transferred to the com- 
missioners of the sinking iimd, as per statement annexed to last 
year's report, marked B, - - 

From the fund arising from payments into the lieasiiry, of debts which 
originated under the late Government, as per statement annexed to 
last year's report, marked C, - - 

From the fund arising from dividen<ls on the capitfd stock, which be- 
longed to the United States, in the bank of the said States, as per 
statement annexed to last year's leport, marked D, 

From the fund arising from the sales of public lands, being the amount 
of moneys paid into the treasury, in the year 1802, as per state- 
ment annexed to last year's report, market! E, - - 

From the proceeds of duties on goods, wares, and merchandise, import- 



1,453,035 00 

32,961 76 
3,359,993 03 



326,449 93 



888 79 



33,960 00 



179,575 52 



ed, and on the tonnage of ships and vessels. 



- 6,759,125 



II. 



Ill 



From t!ie proceeds of duties on goods, wares, and merchandise, imported, and on 
the tonnage of ships or vessels, advanced in part and on account of the annual 
appropriation of $7,300,000, for the year 1803, - - - - 

. Fiom repayments in the treasury, on account of remittances purchased for provid- 
ing for the foreign debt, as will appear by tlie statement E, viz: 

Repayment of the purciiase money, . _ - .. 109,120 



Damages and interest recovered. 



10,472 78 



IV. From the proceeds of two thousand twoimndred and I'.venty shares of tlie capital 
stock of the Bank of the United States, as per statement annexed to last year's re- 
port, miuked F, ------ 



300,000 00 



745,807 40 



119,593 78 



• 1,287,600 00 
$9,453,000 IS 



9,453,000 18 



That (he abovementloned disbursements, together with tiie abovemenlioned balance, which remained 

unexpended on the 1.--1 January, 1803, and anu>uutingaltogetiiei', to - - - 10,538,907 78 

Ten millions five huudied and thirty-eight thousand nine iiundred and seven dollars and seventy- 
eight cents, have been accounted i'or, in the following manner, viz: 

I. There was repaid in the treasuiy, during the year 1802, on account of protested bills or advances 
made for contracts, which were not fulfiiied, as appears by the abovementloned statement E, a sum 

of - " . - . ■ - - - - - 109,120 00 

II. The sums actually applied during the same year, to the p:iyment of the principal and interest 
of the public debt, as ascertained by accounts rendered to the Treasury Department, amount to 
seven milliiins seven hundred and seventy-two thousand eight hundred and nfty-four dollars and 
seventy cents, viz: ^ 



1804.] THE SINKING FUND. 85 



I. Paid in reimbursement of the principal of the public debt, - - - 3,638,714 63 

II. On account of tile interest and charges on the same. - - - 4,134,110 07 



7,772,854 70 



As will appear by the statement D. 
III. The balance remaining unexpended at the close of the year 1802, and applicable to payments fall- 
ing due after that year, as ascertained by accounts rendered to the Treasury Department, 
amounted to (as will appear by the statement F) - - - - - - 2,656,933 08 



$10,538,907 78 



That, during the year 1803, the following disbursements were made out of the Treasury, on account 
of the principal and interest of the public debt, viz: 

I. There was paid on account of the reimbursement and interest of tlie domestic fund- 
ed debt, a sum of ------ 4,568,176 68 

II. On account of domestic loans obtained from the Bank of tiie United States, viz: 
On account of the principal. ----- 500,000 00 
On account of the interest. -.-... 82.000 00 



III. On account of the domestic unfunded debt, viz: 

On account of debts due to foreign officers, - - - 12,123 31 

On account of certain parts of the domestic debt, - - 12,073 43 



582,000 00 



24,196 74 



IV. On account of the principal and interest of the foreign debt, including repayments 

in the treasury, - - - - - - - 2,153,348 17 

Amounting, altogether, to - - - 7,327,721 59 

As will appear by the annexed list of warrants, G. 

"\^'hich disbursements were made out of the following funds, viz: 

I. From the funds constituting tiie annual appropriation of $7,300,000, for the year 1803, ^iz: 

From the fund arising from interest on the debt transferred to the commissioners of 
the sinking fund, as per statement N, - - - 401,355 05 

From the fund arising from payments into the treasury, of debts which 

originated under the late Govermnent, as per statement 0, - 135 46 

From the fund arising from the sales of public lands, being the amount 
of moneys paid into the treasury, in the year 1803, as per state- 
ment P, ------ 158,949 65 

From the proceeds of duties on goods, wares, and merchandise, import- 
ed, ana on the tonnage of ships or vessels, ... - 5,993,752 44 

Amounting, altogether, to - 6,554,192 60 

"Which sum of -....- 6,554,19260 

Together with the sum advanced during the year 1802, on account ot 

the appropriation for the year 1803, and amounting, as above stated, to 745,807 40 

Make, in the whole, for the year 1803, the annual appropriation of 7,300,000 00 



II. From the proceeds of duties on goods, wares, and merchandise, imported, and on 
the tonnage of ships or vessels, advanced in part, and on account of the annual ap- 
propriation for the year 1804, - -.■"-- 753,23640 

III. From repayments in the treasury on account of remittances purchased for provid- 
ing for the foreign debt, and of advances made to commissioners of loans, as will ap- 
pear by the statement I, viz: 

Repajanent of the purchase money, and advances, - - - 13,117 48 

Damages and interest recovered, - - - - - 2,218 00 

15,335 48 

IV. From the moneys appropriated by law, for paying commissions to agents employed 
in the purchase of remmittances for the foreign debt, being the amount paid at the 

treasuiy, during the year 1803, for that object, as will appear by statement G, - 4,957 11 



,327,721 59 



That the abovementioned disbursements, together with the above stated balance of - - 2,656,933 08 

Which remained unexpended at the close of the year 1802, and with a further sum arising from 
profits made on remittances made to Holland, by the way of London, which is estimated at - 11,200 00 



9,995,854 67 

And amounting altogether, to nine millions nine hundred and ninety-five thousand eight hun- 
ered and fifty-four dollars and sixty-seven cents, will be accounted for in the next annual report, 
in conformity with the accounts which shall then have been rendered to the Treasury Depart- 
ment. 

That, in the mean while, the manner in which the said sum has been applied, is, from the partial 
accounts which have been rendered J and from the knowledge of the payments, intended to be 
made both in Holland and in America, estimated as followeth, viz: 

I. The repayments in the treasury have amounted, as by the abovementioned statement I, to - 13,1 17 48 

II. The sums actually applied, during the year 1803, to tlie payment of the principal and interest of 
the public debt, are estimated as followeth. viz: 

Paid in reimbursement of the principal of the public debt, - - - 4,528,196 74 

Paid on account of interest and charges on the same, - - - 3,903,144 II 

-\mounting, altogether, to - - 8,431,340 85 

As will appear by the estimate K. 

III. The balance remaining unexpended at the close of the year 1803, and applicable to payments 

falling due after that year, is estimated, as per estimate L. at - - - . 1,551,396 34 



$9,995,854 67 



12 tt 



gg FINANCE. [1804. 



That no purchases of the debt of the United States have been made since the date of the last report to Congress. 
And tliat the statement M exhibits the operations at the treasury, in the transfer of stock to the commissioners 
oftiie sinking fund, in trust for the United States, upon the reimbursement of the foreign debt, in the year 1802; 
and includes also, the sum of six thousand three hundred and fifty-nine dollars and twenty cents, being the aggre- 
gate of the several species of stock transferred in the year 1803, in payment for public lands. 
All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 
Treasury Department, February 3, 1804. 



A. - ■ 

Statement of the provision made before the 1st January, 1802, for the payment of the principal and interest of the 

public debt falling due after the year 1801. 

I. On account of the foreign debt. Guilders. Dolls. Cts. 

1. Cash in the hands of the commissioners at Amsterdam and Antwerp, on 31st 
December. 1801: 

In Amsterdam, per treasury statements No. 13,824 and 14,359, - - - 1,508 14 02(a) 

In ditto, transferred by the commissioners during the year 1802, from the account of 
Gov. Morris to the credit'of Dutch debt, being the balance of a sum formerly 
remitted for paying the interest on tiie debt due to foreign officers, - - 41,787 10 08 

43,296 04 10 
Deduct balance due to C.J. M. De Wolf, in Antwerp, . - - - 1,432 00 00 

41,864 04 10 
At 40 cents, is - - -. . - - - 16,745 69 

2. Amount of remittances paid for at the treasury and remitted to the commission- 
ers on or before the 31st December, 1801, which are credited by the commis- 
sioners in their account for 1802, ------- 2,240,523 04(6) 

Whicli remittances cost only $888,065 64. but, at 40 cents, is . - . - 896,209 28 

3. Amount of payment, made at the treasury before the 31st December, 1801, for 
remittances which have been protested for non-payment, on account of con- 
tracts not fulfilled, and on that day not repaid into the treasury, . - . ". " " (c)153,120 00 

4. Advances made to G. Simpson and P. R. Dalton, agents for purchasing bills of 

exchange, unexpended on 31st December, 1801, ------- 20,961 40 

II. From which deduct, on account of the domestic debt, viz: 

The balance on 31st December, 1801, in tlie hands of deceased commissioners of 

loans, amounted to - - - - - - - - $3,393 99 

Ditto in the hands of acting ditto, ------- 1,196,39016 

Overpaid to Bank of United States beyond the dividends payable at the treasury, 95 88 

$1,199,880 03 
The demands unsatisfied on the same day, on that account, were, viz: 
Dividends payable by the commissioners of loans, including that due on 1st Janu- 
ary, 1802, and exclusively of unclaimed dividends no longer demandable at their 

oftices, - - - $1,178,863 59 

Unclaimed dividends payable at the treasury, - - - 22,126 59 

Balance due to the late commissioner of loans for Georgia, - - 18 62 



1,201,008 80 



Balance due on account of domestic debt, ..---- $1,12877 

-\mount advanced in anticipation of payments for the public debt, - - - $1,085,907 60 

NOTES TO STATEMENT A. 

(fl) In the account of the commissioners for the year 1801, as settled at the treasury, per report 

13,824, a balance is stated in favor of the United States, of - - - Guilders, 57,631 16 15 

In their account for the year 1803, as settled at the treasury, per report No. 14,359, they are charged 

for transactions antecedent to 1802, with a further sum of - - - - - - 6,146 14 03 



63,778 11 02 



From which deducting an item for dividends on stock sold, only suspended for want of vouchers, and 

amounting to ----------- - 62,269 17 00 



Leaves the balance, as per statement B, - - - - - - - 1 ,508 14 02 

The commissioners, in tiieir account for 1801, had stated a balance due to them by the U. States, of 19,676 15 00 



Making a difference of --------- 21,18509 02 



Which difference consists of the following items, viz: 
Overcharge of 3 per cent, on their charges for negotiating the loan of 3,000,000 guilders, of 1st Janu- 
ary, 1794, - - - - - - - - - Guilders, 15,000 00 00 

Interest charged by them on said sum. - - - - - - - _ - - 2,679 09 00 

Amount of a bill paid to them on account of the Dutch debt, and by them erroneously credited to the 

Department of State, --...-.-.-- 3^000 00 00 

Interest on the said sum. --.--.-_-- 467 05 03 

Commission overcharged on payment of interest on Dutch debt, - - - - - 38 14 15 

Guilders, 21,185 09 02 



(6) This sum, which makes part of the sum of 5,009,985 02 08 accounted for by the commissioners during the year 
1802, as per their account for that year, settled at the treasury, (report No. 14,359) consists of the following 
items, viz: 

Guilders, 814,364 at 39 cents, - $317,60196 

1,426,159 04 at 40 " - 571,463 68 



2,240,523 04 cost - - $888,065 64 



1804.] 



THE SINKING FUND. 



87 



(c) This sum consists of the following particulars: 

Bill purchased from Pragers & Co. in 1798, - 
Ditto A. Brown in 1801, - 

Ditto D. Harris 

Ditto J. Burrall, 

Ditto ditto 



Guilders 120,000 
60,000 
35,000 
10,000 
8,000 at 39 cts 



Advance to J. and R. Wain, on account of a contract for paying moneys in Amsterdam. 

not fulfilled in 1801, .-.--.-- 60,000 



Dollars .18, 000 7 ^ ;„ .^i^ 
24,000 3 y^tin s,uii. 

14,000^ 

4,000 C repaid in 1802. 
3,120J 



$153,120 



Tkeasury Department, Register^'i Office. February 1, 1804. 

JOSEPH NOURSE, Beglsler. 



B. 

List of Warranls drawn, according to law, during the year 1802, on the Treasurer of the United States, on 
account of the Reimbursement and Interest of the Domestic Debt. 



No. of 


Date. 




In whose favor. 


Sums. 


Warrant. 










2585 


January 18, 


1802. 


Jabez Bowen, . - - - 


$900 00 


2595 


22, 


44 


James Davidson, . - - - 


2,349 27 


2624 


•' 30, 


44 


Do. . - - . 


3,523 37 


2661 


February 26, 


4c 


James Alger, . - . - 


1,600 00 


2662 


u n 


b» 


John Neufville, - - - , 


38,600 00 


2663 


il. !.(. 


44 


Sherwood Haywood, - - . - 


1,000 00 


2678 


March 4. 


^4 


James Davidson, - - - - 


10,859 28 


2693 


9, 


<4 


William Gardner, - - - - 


6,100 00 


2694 


«k kb 


44 


Thomas Perkins, - - - - 


154,000 00 


2695 


4ii > i,i 


b4 


Jabez Bowen, . „ . - 


11,350 00 


2696 


(,(, ii 


4 4 


William I inlay. . - . - 


22,300 00 


2697 


i<. (,i 


4 4 


John Hopkins, - - - - 


12,000 00 


2705 


16, 


44 


James Nicholson, - - - - 


154,000 00 


2706 


b. k(. 


ik 


James Ewing, . - . - 


6,400 00 


2709 


17, 


44 


James Alger, . - - - 


1,500 00 


2716 


" 22, 


^* 


Benjamin Harwood, - - - - 


12,764 92 


2727 


25, 


44 


Stephen Moylan, - - - - 


152,577 95 


2728 


26, 


b4 


John Stockton, . - - - 


2,300 00 


2730 


a a 


4» 


George Simpson. . - - - 


301,118 44 


2731 


ii 4. 


44 


James Davidson, . - - - 


48,578 50 


2858 


April 17, 


44 


Jabez Bowen, . - - - 


700 00 


2865 


19, 


44 


James Davidson, . - - - 


2,191 97 


2866 


k( ii 


44 


Do. ... - 


1,597 82 


2894 


27, 


44 


Do. .... 


.3,666 53 


2951 


May 11, 


44 


Do. .... 


147 91 


2952 


U -i 


44 


Do. ... - 


1,737 01 


2965 


18, 


b4 


Do. .... 


779 36 


2966 


• b b4 


44 


Do. .... 


8,840 29 


2968 


21, 


4b 


Sherwood Haywood, - - - - 


1.000 00 


2969 


>. (( 


44 


John Neufville, . . - - 


35,500 00 


2978 


June 4. 


4 4 


Williaai Gardner, . - - - 


6.100 00 


2979 


'• " 


44 


Tliomas Perkins. - - - - ' 


154,000 00 


2980 


ii. ii 


b< 


Jabez Bowen, - - - - 


12,100 00 


2981 


(4 14 


44 


William Imlay, - - - - 


21,800 00 


2982 


44 44 


k4 


John Hopkins, . . . - 


12,000 00 


2999 


9, 


44 


James Nicholson, . - . - 


158,000 00 


3000 


kb !,(, 


4 fc 


James Ewing, . . . . 


6,650 00 


3024 


21, 


44 


Benjamin Harwood. - - - - 


12,353 65 


3033 


24, 


b4 


Stephen Moylan, - - - - 


159,234 3T 


3039 


26, 


44 


John Stockton, - - - - 


2,509 94 


3042 


28, 


44 


George Simpson, . . - - 


396,953 22 


3043 


6i 4b 


44 


James Davidson, . . - - 


46,266 45 


3172 


July 26, 


4to 


Do. ... - 


1,280 48 


3173 


a u 


44 


Do. - - - 


4,867 74 


3176 


30, 


b4 


Do. - - - - 


1,170 94 


3177 


44 44 


b4 


Do. - - - 


619 64 


3231 


August 23, 


" 


Do. 


3,672 61 


3242 


September 2, 


b4 


William Gardner, . - - - 


6,100 00 


3243 


.4 4( 


'• 


Thomas Perkins, . . . - 


154,000 00 


3244 


44 4( 


44 


Jabez Bowen, .... 


12,100 00 


3245 


44 44 


44 


William Imlay, . . . - 


21,800 00 


3246 


44 44 


4 4 


James Nicholson, . - - - 


158,000 00 


3247 


44 44 


4. 


James Ewing, . . . . 


6,650 00 


3248 


44 44 


44 


Stephen Moylan, . - - - 


159,234 37 


3249 


4 • 44 


44 


John Stockton, . . _ - 


2,509 94 


3250 


44 4 4 


44 


Benjamin Harwood, - - - - 


12.353 65 


3251 


44 44 


4 4 


John Hopkins, . - . - 


12,000 00 


3252 


44 44 


44 


Sherwood Haywood. - - - •. 


1,000 00 


3253 


44 k. 


44 


John Neufville, . - - - 


35,500 00 


3254 


>4 44 


44 


James Alger, . . . - 


1..500 00 


3258 


3, 


44 


James Davidson, . - - - 


4.844 02 


.3271 


" 20, 


4. 


William Gardner, - - - - 


340 00 


3273 


23, 


44 


Stephen Moylan, . - - - 


6,484 92 


3274 


24, 


41 


James Davidson. - - - - 


928 49 


3281 


27, 


44 


Do. - - .- 


45,221 64 


3282 


4k fck 


44 


George Simpson, . - . - 


293,232 66 


3323 


October 1. 


44 


' Do. ... - 


3.500 00 



8t 



FINANCE. 



[1804. 



B — Continued. 



No. of 

Warrant. 



3424 

3425 
3426 
3438 
3443 
3444 
3445 
3466 
3469 
3470 
3471 
3472 
3478 
3481 
3482 
3488 
3489 
3496 
3497 
3534 
2729 

3041 
3280 
3495 
3492 
3493 
3494 



Date. 



November 12, 1802, 



20, 
24, 



December 8, 
9, 



17, 
" 20, 

u a 

" 24, 

" 27, 

" 28, 

a a 

" 31 

March 26," 

June 28, 

September 27, 
December 28, 



In whose favor. 



Sums. 



James Davidson, - - - - 

Do. 

William [mlay, - . . - 

James Davidson, - - - - 

Sherwood Haywood, - - - -. 

John NeutVille, - - . - 

James Alger, .. . . . 

John Hopkins, - - - - 

William Imlay, . - - - 

William Gardner, . - - - 

Tiiomas Perkins, - - - . 

Jabez Bowen, - - - - ' 

James Nicholson, 

Benjamin Harwood, - - - - 

James Ewing, - - ■ - 

John Stockton, . . . - 

Stephen Moylan, _ - . - 

James Davidson, . . . - 

Geoige Simpson, - . . - 

James Ewing, 

Thomas T. Tucker, agent to the trustees for the redemption 
of the public debt. 

Do. Do. Do. 

Do. Do. Do. 

Do. Do. Do. 

Do. Do. Do. 

Do. Do. Do. 

Do. Do. Do. 



$18 62 

12,254 83 

15,000 00 

11,645 76 

2,500 00 

75,800 00 

2,800 00 

22,000 00 

30,700 00 

12,700 00 

290,000 00 

20,400 00 

300,000 00 

21,707 52 

10,100 00 

3,891 45 

284,775 85 

86,413 56 

36,678 22 

1,000 00 

70,685 78 

70,723 17 

70,827 51 

114,213 46 

179,575 52 

888 79 

33,960 00 



4,618,021 39 



List of Warrants drawn, according to law, during the year 1802, on the Treasurer of the United States, on 
account of the repayment of Principal of Moneys borroived of the Bank of the United States. 



No. of 
Warrant. 


Date. 




In whose favor. 


Sums. 


3045 
3073 


June 28, 1802. 
" 30, " 


President, Directors, 
Do. 


& Co. of the Bank of the United States, 
Do. Do. 


2,400 00 
1,287,600 00 




$1,290,000 00 



List of Warrants draum, according to law. during the year 1802, on the Treasurer of the United States, on 

account of the payment of Interest on the Domestic Loans. 



No. of 
Warrant. 



2568 

2569 
2570 
2571 
2572 
2573 
2574 
2834 
3131 
3132 
3133 
3134 
3135 
3136 
3392 



Date. 








In whose favor. 




Sums. 


January 


14, 


1802. 


James David 


son. 


Agent for the President, 


Directors, & Co. of 










the Bank 


of the United States, 


. 


$6,000 00 


4; 


4h 


44 


Do 




Do 


Do 


6,000 00 


(4 


fci 


44 


Do 




Do 


Do 


15,000 00 


ii 


4( 


4 . 


Do 




Do 


Do 


15,000 00 


4C 


bb 


44 


Do 




Do 


Do 


31,875 00 


44 


kfc 


44 


Do 




Do 


Do 


2,250 00 


44 


if. 


44 


Do 




Do 


Do 


7.200 00 


April 


9, 


4( 


Do 




Do 


Do 


2.250 00 


July 


10, 


44 


Do 




Do 


Do 


7.200 00 


(» 


bfa 


44 


Do 




Do 


Do 


28,750 00 


1,1, 


6. 


44 


Do 




Do 


Do 


6,000 00 


bfc 


bb 


4C 


Do 




Do 


Do 


15,000 00 


(.i 


hi 


44 


Do 




Do 


Do 


2,250 00 


(4 


bb 


•• 


Do 




Do 


Do 


15,000 00 


October 


20, 


44 


Do 




Do 


Do 


2,250 00 




$162,035 00 



1804.] 



THE SINKING FUND. 



89 



List of Warrants drawn according to laiv, during the year 1802, on the Treasurer of the United Stales, on 
accotcnt of the Neimbursement of Capitcd and Interest of the Butch Debt. 



No. of 


Date. 


In whose favor. 


Sums. 


Warrant. 








2512 


January 2, 1802. 


David Harris. - - - , 


$5,200 00 


2549 


8. " 


Do - 


18,600 00 


2680 


15, " 


S. Smith & Buchanan, - - - . 


20,000 00 


2581 


(( >t a 


G. Simpson. - - - . 


50,000 00 


2582 


a i-i bi. 


David Harris. - - - _ 


24.000 00 


2586 


" 18, " 


Do - - • . 


4,000 00 


2587 


" 19, " 


Jonathan Burrall, - - - 


35,400 00 


2602 


25, " 


David Harris, - - " - 


6,000 00 


2628 


30, " 


P. R. Dalton. - - - . 


50,000 00 


2629 


February 1, " 


Moore \V'harton. - - - . 


37,000 00 


2645 


11, '• 


Jonathan BuiTall. - - - . 


33,000 00 


2646 


a fc( 4< 


David Harris, - - - 


3,200 00 


2648 


" 12, •' 


Do - - - ■ 


8,000 00 


2657 


" 25, " 


Do - - - . 


134.000 00 


2660 


26, " 


G. Simpson. - . - 


200,000 00 


2666 


March 1, " 


John Mason, -•..._ 


229 20 


2680 


'• 4 " 


Jona. Burrall, - - - . 


51,815 20 


2718 


" 23.' " 


Diivid Harris, - . - 


20,000 00 


2732 


" 26^ " 


Do - - - ■ 


6,000 00 


2734 


" 29, " 


Do - - - " 


20.000 00 


2736 


" 31, " 


Do - - - . 


3.446 16 


2803 


April 6, " 


Jonathan Burrall, - - - 


37,200 00 


2839 


9, " 


P. R. Dalton, - - - ^ 


50.000 00 


2841 


" 10, " 


David Harris, 


12,000 00 


2889 


24, " 


Do - - - ■ 


14,000 00 


2892 


" 26, " 


Do - - - " 


6,000 00 


2906 


29, " 


Jonathan Burrall, - - - " 


20.218 00 


2913 


May 3, " 


Do - - - - 


20,000 00 


2936 


44 ~ <4 
'1 


David Harris, - - . " 


6.600 00 


2948 


'• 11, " 


Jacob G. Koch, - - . " 


40,000 00 


2954 


12, " 


D. Harris, - - - ~ 


4,000 00 


2967 


'• 20, " 


Do - . . - 


4,000 00 


2973 


27, " 


Do - - . - 


6,000 00 


2997 


June 8, '' 


J. G. Koch, - - - - 


40,000 00 


3003 


10, " 


Jonathan Burrall, - - - - 


10,000 00 


3004 


44 44 44 


David Harris, - . . - 


6,000 00 


3007 


" 11, " 


P. R. Dalton, - . . - 


70,000 00 


3008 


44 12, " 


G. Simpson. - - _ - 


1,287.600 00 


3016 


" 16, " 


P. R. Dalton, - . . - 


40,000 00 


3040 


26, " 


J. Burrall, - . . - 


11,200 00 


3140 


July 12, " 


D. Harris, - . . - 


3,897 46 


3153 


19, " 


G. Simpson, - . _ - 


205,000 00 


3154 


H 44 44 


D. Harris, - - . - 


4,100 00 


3163 


" 23, " 


Do - - . - 


8,610 00 


3166 


26, " 


J. Burrall, - . _ - 


92.800 00 


3167 


4 4 44 44 


D. Harris. 


4,100 00 


3170 


44 44 44 


P. R. Dalton, - . . - 


30.000 00 


3175 


29, " 


D. Harris, - _ _ - 


10.250 00 


3207 


August 14, " 


J. Burrall, - . . - 


16.400 00 


3225 


21, '' 


D. Harris, - . 


4.100 00 


3239 


4. 27, " 


Do - . ' - 


4.100 00 


,3256 


September 3, " 


Do - . 


3,280 00 


3260 


4, " 


Peter R. Daltoii, - . . - 


30.000 00 


3261 


7, '' 


D. Harris, 


13,300 00 


3279 


25, " 


Do - . . - 


32,287 50 


3342 


October 5, " 


J. Nourse, - . _ - 


3,075 00 


3347 


6, '• 


D. Harris, 


16,400 00 


3369 


" 11, » 


Do - - 


2,562 50 


3377 


" 15, « 


Do - . ■ - 


10.250 00 


3395 


23, " 


Do - . ■ - 


1,640 00 


3415 


November 8, " 


Do - . "_ . 


3,075 00 


3419 


11, " 


Henry Cocksedge, - . _ . 


150.000 00 


3420 


44 44 44 


Henry Cocksedge, - . _ . 


161,111 11 


3421 


" 12, " 


D. Harris, 


8,200 00 


3433 


" 18, •' 


Do - . "■ - 


8,200 00 


3437 


*' 19, " 


Do -. " . 


5,125 00 


3439 


" 22, " 


Do - . " . 


4,920 00 


3454 


" 29, " 


Do ... 


6.150 00 


3456 


'4 44 ,4 


Peter Muhlenberg, assignee, &c. _ 


4,000 00 


3458 


" 30, " 


Do Do . ;; . 


3.314 90 


3461 


December 4, " 


D. Harris, 


5,125 00 


3473 


16, " 


Do - . 


4.510 00 


3477 


44 44 <4 


Do - . " . 


4,100 00 


3490 


" 27, " 


Do . ■ . 


4,100 00 


3499 


" 30, " 


Do - ' . 


8.200 00 


3503 


31, " 


Do -II. 


70,000 00 




•¥13,359,992 03 



FINANCE. 



[1804. 



Warrant draivn according to law, in the year 1803, on the Treasurer of the United States, on account of debts due 

to foreign officers. 



No. of 
Warrant. 


Date. 


In whose favor. 


Sum. 


3023 


June 21, 1802, 


Rossier and Roulet, Attorneys for the heirs of Col. Gouvion, 


$7,994 92 



List qf warrants drawn according to law, in the year 1802, on the Treasurer of the United States, on account of 

certain parts of the domestic debt. 



No. of 
Warrant. 


Date. 


In whose favor. 


Sums. 


2601 
2659 
2677 
2802 
2908 
3917 
3970 
2990 
3120 
3360 
3410 


Jaiiuary 35, 1802, 
February 26, " 
March 3, " 
April 6, " 
30, " 
May 3, " 
" 22, " 
June 7, " 
July 8, " 
October 8, ' ' 
November 4, *' 


Jonathan Snowden, -.-..- 
Christopher Ellery, ------ 

Thomas Sumter, ------ 

Jacob Barnitz, - - . - . - - 
John Davidson, ------- 

David Thomas, ------- 

James Davidson, - - - - - - - 

William Crawford, ------ 

John Davidson, ------- 

Charles Tomkins, -..-.- 
Do. do. - ----- - 


$33 33 

26 13 

237 62 

199 75 

103 14 

12 19 

14 07 

470 28 

28 32 

10,723 01 

3,120 00 




$14,966 84 



RECAPITULATION. 

Domestic debt, ------ 

Domestic loans, ------ 

Interest on do. - 

Dutch debt, ------ 

Foreign officers, - - 

Certain parts of domestic debt, - - - - 

Treasury Department, Register'' s Office, February 1, 1804. 



$4,618,021 39 

1,290,000 00 

163,025 00 

3,359,992^03 

7,994 92 

14,966 84 

$9,453,000 18 



JOSEPH NOURSE, Register. 



Statement of purchases of remittances on account of the foreign debt, during the year 1802. 



The balance in the hands of George Simpson and Peter R. Dalton, agents for purchasing bills of ex- 
change, on the 31st December, 1801, was, as per statement A, - - - - - 
The amount paid out of the treasury during the year 1802, ------ 



$20,961 40 
3,359,993 03 

$3,380,953 43 



Whicli sum is accounted for as follows, viz: 
Bills purchased, - - - Guilders 30,000 at 39| cents, tost 

Bills and remittances, - - - 2,760,235 03 08 at 40 " " 

Ditto do. - . - - 4,730,983 10 08 at 41 " " 



Dollars 11,925 00 

- 1,104,094 07 

- 1,939,703 24 



Guilders 7,531,218 14 00 
£ sterling 70,000, at 4s. 6d. - - 



$3,055,722 31 
- 311,111 II 



3,366,833 42 
Leaving unexpended, on 31st December, 1802, in hands of Messrs. Simpson and Dalton, a balance, as 

per statement F, -.-----.--. 14.120 01 



5,380,953 43 



Treasury Depart.ment, Register's Office, February 1, 1804. 

JOSEPH NOURSE, Register. 



1804.] THE SINKING FUND. 9I 



D. 

Statement of the application, during the year 1803, of the fund provided for the payment of principal and interest 

of the public debt. 

1. Payments on account of the principal of the public debt. Dolls. Cts. 

1. On the domestic debt: 

Reimbursement of old 6 per cent, stock, - . . - 855,637 81 

of deferred do. as per treasury report. No. 

No. 14,944, ... - 290,145 06 



1,145,782 87 

2. Domestic loans reimbursed, ------- 1,290,000 00 

3. Debts due to foreien officers, including arrears of interest, - - - 7,994 92 

Certain parts of domestic debt, do. do. - - 14,966 84 



4. On the foreign debt, viz. 

Guilders. 

2d. Instalment of loan of 2.000,000 of 1st February, 1784, - 250,000 

3d. do. do. 3,000,000 1st February, 1790, - 600,000 

2,500,000 1st March, 1791, - - 500,000 

1,000,000 1st June, 1787, - 200,000 

1,000,000 1st June, 1788, - - 200,000 

6,000,000 1st September, 1794, - 1,200,000 



22,961 76 



1st. 


do. 


do. 


5th. 


do. 


do. 


4th. 


do. 


do. 


1st. 


do. 


do. 



2,950,000 



at 40 cents = 1,180,000 00 

3,638,744 63 



2. Payments on account of the interest and charges on the public debt. 

1. on the domestic funded debt. Dolls. Cts. 

Interest for the year 1802, on the several species of stock constituting 

the domestic funded debt, as settled at the treasury, - - 3,452,592 63 

From vvhicli deduct this sum, being so much gained by rejecting mills in 

paying dividends, - - . . _ 19 77 



3,452,572 86 

2. Interest on domestic loans, ----.-.. 162,025 00 

S. Interest on the unfunded debt, being so much advanced to George 

Simpson, for this object, ---..--. 3,500 00 

4. Oh the foreign debt, viz: 

Interest paid at Amsterdam, Guilders 1,053,000 

Do. do. Antwerp, do. 92,250 

1,145,250 at 40 cents, = 458,100 00 
Premiums on loan of 1st February, 1784, 12,500 do. 5,000 00 

Commission and charges, viz: 

at Amsterdam, - - - 14,695 9 

at Antwerp, - - - 114 1 



14,809 10, at 40 cents, == 5,923 80 



Loss on Exchange, viz: 

On guilders, remitted from Amsterdam, to D. C. 

Antwerp, - - - - 59 1 9 at 40 cents, == 23 58 



On bills purchased in 1802, at 41 cents, 
amounting, per statement C, to guil- 
ders ----- 4,730,983 10 8 

From which deduct a bill of - - 27,000 

On which, it having been protested, no 

loss of exchange took place. . 

4,703,983 10 8 



The loss, at 1 cent per guilder, is, dol- 
lars, .... 47,039 83 

Deduct profit on a bill for 30,000 guil- 
ders, purchased at 39| cents, as per 
statement C, - - - 75 00 



46,964 83 



49,988 46 

516,012 21 

4,134,110 07 



Total amount applied to the public debt, during the year 1802,- - - . . 7,772 854 70 

Treasury Department, Register'' s Office, February 1, 1804. 

JOSEPH NOURSE, Register. 



FINANCE. 



[1804. 



E. 



Statement of repayments rnade into the Treasury, during the year 1802, on account of the Public Debt. 



Date of War- 


Number of War- 


On whom drawn. 


Purchase mo- 


Damages, &c. 


Total amount of 


rants. 


rants. 


I 


ney repaid. 


received. 




warrant. 


April 29, 
June 19. 


567 


Jonatlian Bunall. - 


3,120 


720 00 




3,840 00 


571 


Jesse and Robert Wain. - 


56,992 


- 




56,992 00 




572 


Ditto, ditto, 


3,008 


- 




3,008 00 




573 


Ditto. ditto. 


- 


380 00 




380 00 


June 30, 


580 


David Harris, 


14,000 


2,264 72 




16,264 72 


September 30, 


609 


Jonathan Burrall, - - - 


4,000 


800 00 




4,800 00 


610 


Ditto, 


8,000 


1,840 00 




9,840 00 


December 31, 


616 


Geor2;e Simpson, - 


16,000 


3,684 00 




19,684 00 




617 


David Harris, 


4.000 


777 50 


i 


4,784 06 




^ 


Ditto, charges. 


~ 


6 56 






$109,120 


$10,472 78 


$119,592 78 



Treasury Department, Register's Office, \st February, 1804. 

JOSEPH NOURSE, Register. 



Statement of the provision, made before the 1st day of January. 1803, for the payment of the principal and inter- 
est of the Public Debt, falling due after the year 1802. 

/. On account of the Foreign Debt. 

1. Cash in the hands of the commissioners, viz: Guilders. Dolls. Cts. 

In Amsterdam, as per acc't settled at the treasury, report No. 14,359, (e.) 1,039,823 03 ' 

From which deduct a bill for .... 46,750 

Credited by the commissioners in 1802, but not paid for at the treasury 

till 1803, leaves a balance of . . . - 993,073 03 

In Antwerp, - - - - - - - 195 

993,268 03 at 40 cts. 397,307 26 

2. Amount of remittances paid for at the treasury, and remitted to the commis- 

sioners, on or before the 31st December, 1802, which will be credited in then- 
accounts for the year 1803, (/.) - - - - . 52,884,976 2,115,398 92 

3. .\inount of payments made at the treasury before 31st December, 1802, J^or 

115,070 00 

14,120 01 

2,641,896 19 



remittances, which have been protested for non payment, and which, on that 
day, had not been repaid in the treasury, {g.) ■■ - - 

4. Advances made to George Simpson, and P. R. Dalton, agents for purchasing 



//. On account of Domestic Debt. 

Cash due from deceased commissioners of loans. 
Ditto, in the hands of acting commissioners of loans. 



3,393 99 
1,220,264 83 



The demands unsatisfied on the same day, on that account, were as follows, viz: 
1. Dividends payable by the commissioners of loans, including that 
due on 1st January, 1803, and exclusively of unclaimed divi- 
dends, no longer demandable at tlieir offices, - 1,193,572 27 
■ • ■ • - 15,049 66 



1,223,658 82 



2. Unclaimed dividends, payable at the treasury. 



1,208,621 93 



15,036 89 



Total amount of provision for public debt, remaining unapplied on 31st December, 1802, $2,656,933 08 



KOTES. 



(e.) The account, as settled at the treasury, states the balance at 

From which deducting the suspended item, as explained in note (a.) to statement A, 

Leaves the amount as here stated, . . . - 



Guilders. 

1,102,093 00 
62,269 17 

1,039,823 03 



(/.) The following statement proves the sum of guilders 5,288,497 06, as here stated, to be correct, viz: 

Balance in the hands of the commissioners, on 31st Dec. 1801, - - . . - 41,864 04 10 

Remittances paid for, previous to the year 1802, and credited by the commissioners in their ac- 
counts for that year, .-.--- 2,240,5230400 
Ditto, purchased in 1802, per statement C, in guilders, 7,521,218 14 00 
70,000 pounds sterling, at par, produces, - - •• 777,777 15 06 

^ a. I ' t- 8,298,996 09 06 



10,581,383 18 00 



1804.] 



THE SINKING FUND. 



93 



Amount appplied to principal and interest of the foreign debt in 1802, per statement D, viz: 

2,950,000 
1,172,559 10 



For principal, 

For interest and charges. 



Bills purchased during the year 1802, protested for non payment, viz: 

Brown and Hackman, - - . . . 

Felix Imbert, - - . . . 

Joseph Williams, - - . . . 

John Halsey, - - . . . 

Beal Owings, - . . . . 

E. and L. Bollman," - . ^ . . 

Cash in the hands of commissioners. 31st Dec. 1802, per this statement. 

Loss in exchange, on remittance of 94,250 guilders, from Amsterdam to Antwerp, per statement D, 

Balance of remittances outstanding. 1 - . . 



As above, . . . 

{g.) Statement of protested bills, outstanding 31st December, 1802: 

Outstanding, 31st C Prager's bill for guilders, l-)0,000 

Dec. 1801. 1a. Brown's ditto, 60,000 

rBrown and Hackman's do, 60,000 

Purchased in 1802. ^ Beale Owings. do, 20,000 

C.E. and L. Bollman's do, 27,000 cost 4 



60,000 
40,000 
10.000 
20,000 
20,000 
27,000 


4,122,559 10 

177,000 00 

993,268 03 

58 19 

5,288,497 06 


tatement D, 


- 


10,581,383 18 



$48,000^ 
24.000 3 
24.000 7 



72,000 " 



•These bills are in suit. 



287,000 



's'oooi 32,0003 
1 cts. 1 1',070 1 1 ,070 ^ This bdl recovered in 

C loOo, 



115,070 43,070 



The following proves the above statement to be correct: 

The amount of protested bills. &c. outstanding 31st Dec. 1801, per statement A, was. 
The repayments in 1802, for bills, &c. purchased, previous to 31st Dec. 1801, per statement E, 
amounted to - - - -- 

Left outstanding of these bills, &c. - . . - . 

The amount of bills protested, &c. outstanding on the 31st December, 1802, of those purchased 
during that year, as above, is, - 

Making, together, - . . . . 

Treasury Department, Register- s Office, \st February, 1804. 

JOSEPH NOURSE, Register. 



$153,120 
81,120 
72,000 
43 070 

$115 070 



G. 

List of Warrants drawn according to law, during the year 1803, on the Treasurer of the United States, on account 

qf the reimbursement and interest of the Domestic Debt. 



No. of 


Date. 


In whose favor. 


Sums. 


Warrant. 








3615 


January 20, 1803, 


Jaines Davidson, jr. 


$1,807 37 


3622 


22, 


Do. 


1,742 16 


3657 


February 8, 


Do. - 


10,043 58 


3662 


10, 


William Imlay, 


18,000 00 


3692 


March 4, 


William Gardner, 


6,100 00 


3693 


4, 


Sherwood Haywood, - 


1,500 00 


3694 


4, 


John Neufville, 


35,500 00 


3695 


4, 


Jaines Alger, 
William Imlay, 


700 00 


3717 


10. 


4,500 00 


3718 


10, 


John Hopkins. 
Thomas Perkins, 


13,200 00 


3725 


15, 


155,000 00 


3726 


15, 


Jabez Bo wen. 


12,000 00 


3727 


15, 


James Nicholson, 


140,000 00 


3728 


15, 


James Ewing, 


5,900 00 


3737 


21, 


Benjamin Harwood. - 


12,667 13 


3748 


24, 


Stephen Moylan, 


168,604 17 


3749 


26, 


George Simpson, 
James Davidson, jr. 


287,625 69 


3750 


26, 


45,212 61 


3755 


29, 


John Stockton, 


2.500 00 


3827 


April 5, 


James Davidson, jr. - 


690 25 


3899 


May 10, 


William Imlay, 


15,000 00 


3905 


18, 


James Davidson, jr. 


766 30 


3906 


18, 


Do. 


10,386 05 


3929 


June 3, 


Sherwood Haywood, - 


1,300 00 


3930 


3, 


John Neufville, 


37,000 00 


3931 


3, 


James Alger, 


1,000 00 


3938 


7, 


William Gardner, 


6,800 00 


3939 


7, 


John Hopkins, 


12,000 00 


3948 


10, 


James Davidson, jr. 


810 68 


3960 


18, 


Thomas Perkins, 


165,000 00 


3961 


18, 


Jabez Bowen, 


12,000 00 


3962 


18, 


William Imlay, 


7.000 00 


3963 


18, 


James Nicholson, 


160,000 00 


3964 


18, 


James Ewing. 


5,500 00 


3965 


20, 


Benjamin Harwood. 


12,225 21 


3969 


•^4, 


Stephen Moylan, 


171,932 25 


3971 


27, 


John Stockton. 


2,418 48 



13 



tt 



m 



FINANCE. 



tl804. 



G — Continued. 



No. of 


Date. 




Warrant. 






3975 


June 27, 1803, 


. 


3976 


27, 


- 


4155 


August 22, 


- 


4164 


Septem. 6, 


- 


4165 


6, 


- 


4166 


6, 




4167 


6, 


- 


4168 


6, 


- 


4181 


14, 


- 


4186 


16, 


- 


4187 


16, 


- 


4188 


16, 


- 


4189 


16, 


- 


4192 


. 19, 


- 


4194 


19, 


- 


4201 


23, 


- 


4203 


24, 


- 


4207 


28, 


- 


4208 


28, 


- 


4332 


Novem. 4, 


- 


4355 


25, 


- 


> 4367 


December 3, 


- 


4368 


3, 


- 


4369 


3, 


- 


4370 


3, 


- 


4376 


9, 


- 


4378 


12, 


- 


4391 


19, 


- 


4392 


19, 


- 


4393 


19, 


- 


4394 


19, 


- 


4395 


19, 


- 


4397 


21, 


- 


4403 


26, 




4404 


26, 


- 


4413 


29, 


- 


4414 


29, 


- 



3751 



March 26, 



3977 


June 


27, 


4209 


Septem. 


28, 


4412 


Decem. 


29, 


4411 




29, 


4410 




29, 



In whose favor. 



George Simpson, 
James Davidson, jr. 

Do. 
William Gardner, 
William Imlay, 
Sherwood Haywood, 
John Neufville, 
James Aker, 
John Hoplins, 
Thomas Perkins, 
Jabez Bowen, 
James Nicholson, 
James Ewing, 
Benjamin Harwood, 
James Davidson, jr. 
John Stockton, 
Stephen Moylan, 
George Simpson, 
James Davidson, jr. 

Do. 
William Imlay, 
William Gardner, 
vSherwood Haywood, 
John Neufville, 
James Alger, 
James Davidson, jr. 
John Hopkins, 
Thomas Perkins, 
Jabez, Bowen, 
William Imlay, 
James Nicholson, 
James Ewing, 
Benjamin Harwood, 
Stephen Moylan, 
John Stockton, 
Thomas T. Tucker, 
James Davidson, jr. 



Thomas T. Tucker, agent to the trus- 
tees for the redemption of the pub- 
lic debt, 

Do. do. 

Do. do. 

Do. do. 

Do. do. 

Do. do. 



Sums. 



$283,215 99 

40,293 57 

7,737 93 

6,200 00 

22,500 00 

1,500 00 

37,300 00 

800 00 

12,000 00 

160,000 00 

11,200 00 

157,000 00 

5,700 00 

11,388 87 

852 27 

2,548 13 

181,856 27 

278,695 13 

39,988 64 

3,962 49 

15,000 00 

12,700 00 

2,400 00 

74,000 00 

600 00 

16,380 80 

22,000 00 

300,000 00 

20,300 00 

30,500 00 

292,000 00 

10,000 00 

22,451 46 

316,792 29 

4,244 72 

2,969 35 

56,226 68 



4,007,736 52 



76,881 65 

76,892 93 

76,892 94 

170,687 53 

135 4C 

158,949 65 



$4,568,176 68 



List of warrants drawn according to law, during the year 1803, on the Treasurer of the United States, on ac- 
count of payments of interest on the Domestic Loans. 



Number of 


Date. 


In whose 


favor. 


Sums. 


Warrant. 




■ 






3588 


January 10, 1803, 


James Davidson, Jr. 


^ _ _ 


$12,500 00 


89 


10, 


Ditto, 


. 


3,000 00 


90 


10, 


Ditto, 


- 


15,000 00 


91 


10, 


Ditto, 


- 


2,250 00 


92 


10, 


Ditto, 


- - - 


6,000 00 


3843 


April 7, 


Ditto, 


. 


2,250 00 


4085 


July 12, 


Ditto, 


- 


12,500 00 


86 


12, 


Ditto, 


. 


15,000 00 


87 


12, 


Ditto, 


- 


3,000 00 


88 


12, 


Ditto, 


- 


6,000 00 


89 


12, 


Ditto, 


- 


2,250 00 


4290 


October 6, 


Ditto, 

t r 




2,250 00 




$82,000 00 



1804.] 



THE SINKING FUND. 



95 



List of warrants drawn according to law, during the year 1803, on the Treasurer of the United States, on ac- 
count of the payment of principal of moneys borrowed of the Bank of the United States. 



No. of 
Warrant. 


Date. 


In whose favor. 


Amount. 


4302 

4303 
4304 


October 17, 1803. 

17, 
17, 


President, Directors, and Company, of 
the Bank of the United States, 
Ditto Ditto Ditto, - 
Ditto Ditto Ditto, - 


$250,000 00 
150,000 00 
100,000 00 




$500,000 00 



List of warrants drawn, according to laiv, during the year 1803, 07i the Treasurer of the United States, on ac 
count of the reimbursement of Capital and Interest of the Dutch Debt. 



No. of 




Date. 




Warrant. 








3560 


January 6, 1803. 


. 


3561 




6. 


- 


3583 




10, 


- 


3602 




n, 


- 


3604 




18. 


- 


3605 




18, 


- 


3606 




18, 


- 


3616 




21, 


- 


3617 




21, 


- 


3618 




21, 


- 


3625 




27, 


- 


3630 




29, 


- 


3631 




29, 


- 


3642 


February 3, 


- 


3651 




3, 


- 


3653 




7, 


- 


3654 




7, 


- 


3655 




7, 


- 


3658 




9, 


- 


3661 




10, 


- 


3663 




14, 


- 


3667 




15, 


- 


3669 




17, 


- 


3671 




19, 


- 


3672 




21, 


- 


3673 




21, 


- 


3574 




21, 


- 


3678 




24, 


- 


3680 




25. 


- 


3684 




28, 


- 


3688 


March 


2, 


- 


3690 




4, 


- 


3691 




4, 


- 


3706 




7, 


- 


3707 




7, 


- 


3708 




7. 


- 


3710 




8. 


- 


3715 




10, 


- 


3729 




15, 


- 


3730 




15, 


- 


3732 




16, 


- 


3734 




18, 


- 


3738 




21, 


- 


3741 




22. 


- 


3742 




22, 


- 


3752 




28, 


- 


3756 




29. 


- 


3803 


April 


1, 


- 


3848 




8. 


- 


3856 




13. 


- 


3858 




13. 


- 


3872 




25. 


- 


3876 




26, 


- 


3883 




28, 


- 


3885 




29, 


- 


3891 


May 


7, 


- 


3903 




11, 


- 


3907 




18, 


- 


3908 




21, 


- 


3913 




27, 


- 


3914 




28, 


- 


3919 




30, 


- 


3920 




30, 


- 


3927 


June 


3, 


- 



Sums. 



Jonathan Burrall. 
David Harris, 

Do 
Stephen Girard, 
Summerl and others, - 
Montgomery & others. 
Smith and others, 
David Harris, 
Israel Wheian, 
George Simpson, 
Israel Wheian, 
Jonathan Burrall, 
Israel Wheian, 
David Harris, 
Willings and Francis, 
Thos. & John Clifford, 
Samuel Meeker, 
David Harris, 
Prattson and Kintzing. 

Do - 

Jonathan Burrall, 
David Harris, 

Do 

Do 
Jesse and Rob't Wain. 
William Wain, 
Jacob Gerard Koch. 
David Harris, 

Do 
Israel Wheian, 
Jonathan Burrall, 
Peter R. Dalton, 
David Harris, 
Jonathan Burrall, 
George Simpson, 
David Harris, 

Montgomery and Newbolds, 
Peter R. Dalton, 

Do 
Israel Wheian, 
Jonathan Burrall. 
Israel Wheian. 
Peter Roe Dalton, 
George Simpson, 
Israel Wheian, 
Peter R. Dalton. 

Do 
George Simpson. 
David Harris, 

Do 
Peter R. Dalton. 
Jonathan Burrall, 
Peter R. Dalton, 
David Harris, 
Geoi-°;e Simpson. 
Jonatnan Burrall. 
David Harris, 
Peter R. Dalton, 

Do 

Do 

Do 
David Harris, 
Jonathan Burrall, 
George Simpson, 



$5,125 00 

4,100 00 

1,845 00 
200,000 00 
20,500 00 
28,700 00 
20,5(0 00 
14,268 00 
44,444 44 
50,000 00 
13,685 74 
138,107 8S 
11,111 11 
32,500 00 
82,000 00 
20,500 00 
10,250 00 

2,562 50 
82,000 00 

7,175 00 
15,394 03 

2,050 00 

2,255 00 
20,500 00 
65,600 00 
20,500 00 
123,000 00 
19,160 94 
10,250 00 
69,700 00 
396 56 
18,212 50 

3,690 00 
62,356 49 

8,223 85 

4,100 00 
24,600 00 
58,400 40 
13,325 00 

4,100 00 
16,400 00 
60,000 00 

2,050 00 
10,000 00 
18,000 00 
15,325 00 

4,100 00 
195 46 

4,000 00 
719 27 

1,000 00 

2,000 00 

20,000 00 

800 00 

32,000 00 

42,000 00 

4,000 00 
10,000 00 
10,000 00 

2,365 60 
343 31 

2.800 00 
153 14 

3,600 00 



.fl 



FINANCE. 



[1804. 



No. of 




Dat 


Warrant. 






3944 


June 8, 


1803 


3945 




8, 


3951 




13, 


3952 




13, 


3955 


\ 


15, 


3959 




18, 


3966 




20, 


3970 




24, 


3902 




27, 


3981 




28. 


4064 


July 


5, 


4070 




9, 


4071 




u, 


4073 




11, 


4096 




15, 


4099 




16, 


4102 




18, 


4103 




18, 


4111 




20, 


4116 




20, 


4136 


Aufijust 


5, 


4169 


Septem 


'r6. 


4200 




22. 


4206 




27. 


4314 


October 19. 


4317 




24, 


4325 




29, 


4335 


Nov. 


7, 


4341 




12, 


4343 




17, 


4344 




17, 


4345 




17, 


4356 




26. 


4358 


Dec. 


1, 


4360 




2, 


4379 




12, 


4387 




16, 


4388 




16, 


4402 




24, 



G — Continued. 




Israel Whelan. 
David Harris, 
Peter R. Dal ton. 
Jonathan Burrall, 
David Harris. 

Do 
George Simpson. 

Do 

Do 
David Harris. 
George Simpson, 
David Harris. 

Do 
Albert Gallatin, 
David Harris, 
George Simpson, 
David Harris, 
Israel Wlielan, 
Peter R. Dalton, 
David Harris, 
Jonathan Burrall, 
George Simpson, 
Jonathan Burrall. 
George Simpson. 
David Harris, 
George Simpson, 
Jonathan Burrall, 
Peter R. Dalton, 
George Simpson, 

Do 
Peter R. Dalton. 
Jonathan Burrall, 
George .Simpson. 
David Hams, 
Brown and Ives, 
Albert Gallatin, 
David Harris. 
Sir Francis Baring. 
Peter R. Dalton, 



From which deduct the sum of $70,563 31, included in the foregoing amount, h\'t which, 
by a Treasury warrant. No. 124, the Register carried to the following appropriations 
in the Treasury books of the United States, viz: 

To Diplomatic Department, - •■ $65,658 71 

To prize causes, - - - - 3,862 50 

To protection of American seamen. - - 1,042 10 



Included in the foregoing list of warrants are the following warrants for commissions to the 
chased the bills, at one-fourth of one per cent., viz: 

Warrant No. 3688, in favor of Jonathan Burrall, - . - - 

3803 do George Simpson, - - - - 

3856 do David Harris, . . . . 

3914 do P. R. Dalton, - - - - 

3920 do Jonathan Burrall. _ - - . 

4103 do Israel Whelan. . - - - 

4200 do Jonathan Burrall, ... - 

4206 do George Simpson, - . . .. 

4314 do David Harris, _ . - - 



$20,000 00 

800 00 

9,907 80 

12,200 00 

72,000 00 

6,000 00 

1,760 00 

2,800 00 

3,000 00 

12,000 00 

6,800 00 

24,400 00 

16,000 00 

320 00 



15,000 


00 


6,000 


00 


6,000 


00 


2,347 


97 


9,907 


20 


15,200 


00 


53,400 00 


10,000 


00 


164 00 


189 


90 


447 


50 


2,000 


00 


4,555 


55 


84,449 


99 


10,000 


00 


2,000 


00 


2,800 


00 


80,420 


40 


600 


00 


8,000 


00 


30,000 00 


200 


00 


5,600 


00 


71,111 


11 


18,488 


89 


$2,223,911 


48 


$70,563 


21 


$2,153,348 


17 



agents 


wbt 


$396 56 


195 


46 


719 


27 


343 


31 


153 


14 


2,347 


97 


164 


00 


189 


90 


447 


50 



pur 



$4,957 II 



List of warrants drawn according to laiv. in the year 1803, on the Treasurer of the United States, on accovnt of 

debts due to foreign Officers. 



Number of 
the Warrant. 


Date. 


In whose favor. 


Sums. 


3823 
3860 


April 4, 1803, 

April 20, - - - 

Dec. 22, 


Lieutenant Coi. Cambray in favor of John 

Davidson, - - - 

Colonel Cambray, in favor of John D.avidson, 

Captain Barron D. Utrick, 


$3,227 91 
3,749 80 


4400 


$6,977 71 
5,145 60 




$12,123 31 



1804.] 



THE SINKING FUND. 



97 



List of loarrants drawn according to law, in the year 1803, on the Treasurer of the United States, on account of 

certain parts of the domestic debt. 



Number of 
the Warrant. 


Date. 


In whose favor. 


Sums. 


3665 
3682 
3683 
3«85 
3711 
3714 
3864 
4134 
4380 


February 14, 1803, 

28, 

28, 

28, 
March 8, 
9, 
April 21, 
August 4, 
December 12, 


Theodorus Bailey, 
Moses White, 

Ditto, - - - - 
Charles Pettit, 

John Laub, - - - - 
Moses White, 

John Davidson, - - - 
James Morrison, 
James Elliot, 


$15 95 

3,840 89 

4,200 00 

2,710 84 

73 56 

842 72 

216 43 

148 11 

24 93 




$12,073 43 



RECAPITULATION. 



Domestic debt. 

Interest on domestic loans. 

Reimbursement of ditto, 

Dutch debt, - 

Debts due to foreign officers. 

Certain parts of domestic debt. 



Treasury Department, Register's Office, \st February, 1804. 



$4,568,176 68 

82,000 00 

500,000 00 

2,153,348 17 

12,123 31 

12,073 43 

$7,327,721 59 



JOSEPH NOURSE, Register. 



H. 

Amount of remittances during the year 1803, on account of the Dutch debt. 

Guilders, s. p. 

1,809,702 10 00 at 40 cents per guilder, - - - . . 

2,310,106 15 06 41 

20,000 00 00 deducting k per cent, for thirty days extra sight, - - . 

46,750 00 00 deducting &j% charges, - - - - . 



G. 4,186.559 05 06 



Dolls. Cts. 

723,881 00 

947,143 77 

8,159 00 

19,160 94 

$1,698,344 71 



60,718 15 00 Deduct transferred to diplomatic fund, per warrant No. 124, at 40 cents, 24,287 50 



G. 4,125,840 10 06 



$1,674,057 21 



Sterling. 

^6108,997 18 10 at par, 

4,500 00 OO %k per cent, advance, 

2,500 00 00 U do. 

4,000 00 00 4 do. 



,435 25 
20,499 99 
11,305 55 

18,488 89 



119,997 18 10 534,729 68 

10,412 01 02 Deduct transferred to diplomatic fund, per warrant No. 124, at par, 46,275 82 



£109,585 17 08 



Applied to purchase of bills, 
Paid to agents for commissions. 



488.453 86 

62,162,511 07 
4,957 11 



$2,167,468 18 



Warrants issued in the year 1803, on account of Dutch debt, as per statement G, 2,153.348 17 
Balances in the hands of agents on 31st December, 1802, - - - 14,120 01 

As above, $2,167.468 18 

Treasury Department, Register\^ Office, February 1, 1804. 

JOSEPH NOURSE, Register. 



Statement of Re-payments made into the Treasury, during 


• the year 1803, on account of the Public Debt. 


Date of 
Warrants. 


No. of 
W'arrants. 


On whom drawn. 


Principal 
repaid. 


Damag'es 
received. 


Total 
amount of 
warrant. 




June 30, 
July 11, 


668 
669 
686 

654 


T. T. Tucker, agent for Wm. Skinner, 
S. Treadwell, do. do. 
T. T. Tucker, do. do. 

George Simpson, 

Dollars, 


27 20 

1,936 95 

83 33 


- 


27 20 

1,936 95 

83 33 




March 31, 


2,047 48 
11,070 00 


2,218 


2,047 48 

13,288 00 


Domestic Debt 
Foreign Debt. 




13,117 48 


2,218 


15,335 48 





Treasury Department, Register^ Office, February 1, 1804. 



JOSEPH NOURSE, Register. 



98 



FINANCE. 



[1804. 



An Eslimatt of the application, made during the year 1803, of the funds provided for the payment of the principal 

and interest af the Public Debt. 



1. On account of the Principal. 

1. Reimbursement of the six per cent, and deferred stock, estimated at 

2. Do. of domestic loans, ..... 

3. Payment of debt due to foreign officers, per statement G, 

Do. of certain parts of domestic debt, per do. 



4. 



$12,123 31 
12,073 43 



On account of the foreign debt, viz: 

3dinstalmentofloanof2,000,000, of Feb. 1, 1784, guilders, 250,000 

1,000,000, of June 1, 1788, do. 200,000 

3,000,000, of Feb. 1, 1790, do. 600,000 

2,500,000, of Mar. 1, 1791, do. 500,000 

6,000,000, of Sep. 1,1791, do. 2,400,000 

3,000,000, of Jan. 1,1792, do. 600,000 

2,950,000, of Aug. 9, 1792, do. 600,000 

2,050,000, of Nov.30, 1791, do. 820,000 

1,000,000, of June 1, 1793, do. 1,000,000 



5th 


do. 


4th 


do. 


2d 


do. 


2d & 3d 


do. 


1st 


do. 


1st 


do. 


1st & 2d 


do. 


liOan 


do. 



6,970,000 a 40 cents. 



2. On account of interest and charges. 



1. Interest on domestic funded debt, for 1803, estimated at 

2. Do. domestic loans, do. per statement G, 

3. On foreign debt, viz: 

Interest, estimated at - - - Guilders 981,800 00 

Do. on two instalments, paid out of their regular 
periods, . . - - . 



Premiums, - - - 

Commissions and charges, estimated at 



Loss in exchange, on bills purchased above par. 
Commissions to agents for purchasing bills. 



17,687 10 

999,487 10 
15,000 00 
12,000 00 

1,026,487 10 at 40 cents, 

equal to $410,595 00 

24,626 50 

4,957 11 



$1,216,000 00 
500,000 00 



24,196 74 



2,788,000 00 



3,380,965 50 
82.000 00 



440,178 61 



$4,528,196 74 



3,903,144 n 



$8,431,340 85 



1804.] THE SINKING FUND. 99 



An estimate of the funds provided before the 1st January, 1804, for the payment of the principal aud interest of the 
public debt, tvhich, being unexpended on that day, are considered as applicable to payments fallins due after the 
year 1803. j ^ j 

I. On account of the foreign debt. 
The cash in the hands of the commissioners, and bills outstanding, amounted, on 

31st December, 1803, as per statement F, to - - Guilders, 6,281,765 09 00 

The bills and remittances made during 1803, arc as follow: 

Guilder bills, purchased as per statement H, - - 4,125,840 10 06 

From which deduct a protested bill, - - - 50,000 00 00 



4,075,840 10 06 



Sterling bills, as per same statement, - £109,585 17 08 
Deduct two protested bills, - 22,500 00 00 

87,085 17 08 at par 967,620 18 08 
Profit in exchange, on the above sterling bills, and on .£70,000, 
purchased in 1802, remitted from London to Amsterdam, es- 
timated at - - - - - - 28,000 00 00 

5,071,461 08 14 



Total to be accounted for, . - - 11,353,226 17 14 

The application, during 1803, as per estimate K, has been — 

For principal, ----- 6,970,000 00 00 
For mterest and charges, - - - - 1,026,487 10 00 

7,996,487 10 00 



1st The balance in the hands of commissioners, or in bills outstanding, on 

31st December, 1803, may therefore be estimated at - - - 3,356,739 07 14 

Equal, at forty cents, to - - - - - - $1,342,695 75 

2d. The amount of protested bills outstanding on the same day, was as follows, viz: 

rPrager's bill, - - Guilders, 120,000 - $48,000 00 f 

Purchased be-J Brown's do. - - - 60,000 - 24,000 00 ! y 

fore 1803, ] Brown & Hackman's, bill - 60,000 - 24,000 00 V" ^""• 

LOwing's, do. - 20,000 - 8,000 00 L 

fTarascon's, do. - 50,000 cost 20,500 00 r Recovered in 1803, 

j but not bro't into 
Purchased in j '\ the treasury, by 

1803, ^ Lwarrant, till 1804. 

Girard's two bdls, - - £22,500 100,000 00 Secured, but not yet 

L paid. 

224,500 00 



1,567,195 75 



II. From which deduct, on account of domestic funded debt — 
For unclaimed dividends, demandable at the treasury, and not yet advanced to the bank lor pay- 
ment to the creditors, estimated at - - - - - - 15 799 41 

$1,551,396 34 

RECAPITULATION. 

The provision applicable to the year 1804j per the foregoing, - - $1,551,396 34 

Application during the year 1803, per estnnate K, - - - 8,431,340 85 

Repayments in the treasury in 1803, per statement I, - - - 13,117 48 



9,995,854 67 



The balance, remaining unexpended 31st December, 1802, amounted, per state- 
ment F, to - - - - - - - 2,656,933 08 

The disbursements during the year 1803, as per statement G, to - - 7,327,721 59 

The profit on sterling bills remitted to London, and the proceeds of which were 

remitted from thence to Holland, estimated at 28,000 guilders, - - 11,200 00 



$9,995,854 67 



100 



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THE MINT. 



101 



N. 
Statement of moneys arising from interest on stock transferred to the United Slates; being the amount draivn by 
the agent to the trustees for the redemption of the public debt, pursuant to the act of the 8th May, 1792. and agree- 
ably to a statement made at the Treasury, No. 15,122, dated 1st February, 1804. 

1803, March 26, Warrant No. 3,751, --..--... 

June 27, 3,977, -----... 

September 28, 4,029, ----.... 

December 29, 4,412, ......... 



Treasury Department, Eegisters Office, February 1, 1804. 



O. 



$76,881 65 
76,892 93 
76,892 94 

170,687 53 

$401,355 05 



JOSEPH NOURSE, Register. 



Statement of moneys received into the Treasury in the year 1803, from an old debt, rvhich originated prior 
to the present constitution, being the amount drawn by the agent to the trustees for the redemption of the 
public debt, on the '■29th December, 1803, pursuant to the act of the 3d March, 1795, and agreeable to a statement 
made at the Treasury, No. 15,122, dated the \st February, 1804. 



135 46 



JOSEPH NOURSE, Register. 



From Samuel Squire, late assistant commissary of purchases. 
Treasury Department, Register's Office, February 1. 1804. 

P. 

Statement of moneys received into the Treasury in the year 1803, from sales of priblic lands, being the amount 
drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the 3d March 
1795, and agreeably to a statement meule at the Treasury, No. 15,122, dated February 1, 1804. ' 

1803, December 29. Warrant No. 4,410, - . . . 



Treasury Department, Register''s Office, February 1, 1804. 



$158,949 65 



JOSEPH NOURSE, Register. 



8th Congress.] 



No. 218. [1st Session, 



FISHING BOUNTY. 

communicated TO the house of representatives, FEBRUARY 17, 1804. 

Mr. Samuel L. Mitchill, from the Committee on Commerce and Manufactures, to whom was referred the petition 
of Daniel Chapman and others, of the State of Connecticut, made the following report: 

The petitioners, twelve in number, are owners and charterers of sundry vessels, which were cleared out of 
different ports in Connecticut for foreign places. Tiiey, however, proceeded to the straits of Beilisle, with the inten- 
tion of catching cod fish to carry with them to their respective places of destination, for sale; but, the season being 
unfavorable, and their luck being bad, they could not make up a cargo suitable for a foreign market, and were 
obliged to return, in dissapointment, to their respective ports, at home. 

On applying for the bounty for the fisli which thev took, they find they are precluded from receiving it. because 
they cleared out for a /orei^n marAT(, instead of the tishiii;^ ground. It appears they were destitute'of a fishing 
licence, anil of the papers necessary for a fishing voyage. They however solicit the same bounty that is allowed to 
regular fishing vessels. 

The Committee is of opinion that this request is improper, and ought not to be granted. 



8th Congress.] 



No. 219. 



[1st Session. 



MINT. 



communicated to the house of representatives, march 21, 1804. 

Treasury Department, March 20, 1804. 

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, accompanied with 
sundry statements, which have been prepared in obedience to the act, entitled "An act estal)lishing a mint, and 
regulating the coins of the United States," passed on the second of April, onetiiousand seven hundred and ninety-two. 



Sir: 



I have the honor to be, very respectfully, sir, your obedient servant. 
The Honorable the Speaker qffhe House of Representatives. 



lety- 
ALBERT GALLATIN. 



Sir: 



Treasury Department, Comptroller's Office, March nth, 1804. 



The statements marked A, B, C,D,and E, which are herewith laid before you, h;ive been p-epared pursuant 



to the seventh section of an act of Congress, of the 2d of April, 1792. entitled " An act establishing a mint, and 
regulating the coins of the United States." These statements contain all the information relative to the transac - 
tions of the mint, which the settlements made at the treasury enable me to give. 



I have the honor to be, with great respect, your obedient servant. 

The Honorable Albert Gallatin, Secretary of the Treasury. 
14 ft 



G. DUVALL. 



JQ2 FINANCE. •■ [1804. 



Statement of appropriations made by laivfor the Mnt establishment, for the year 1803, with the amount of warrants 

drawn by the Secretary of the Treasury on said appropriations. 

Amount of warrants drawn on the Treasurer in favor of the mint, for the services of the year 1803, - $15,572 20 
Balance unexpeniled on the 1st January, 1804, -------- 65,713 15 

$81,285 35 



Balance of the several appropriations for the mint establishment, unexpended on the 1st January, 1803, 

per statement for the preceding year, - - - - - ,','., " , . " ^^9,535 49 

Appropriated by "acts respecting the mint," dated the 27th May, 1796, and 24th Aprd, 1800, being 

the amount of cents and half cents paid into the treasury in 1803, - - - - - 42,349 86 

Appropriated by " act making appropriations for the support of Government for the year 1803," dated 

the 2d March, 1803, 9.400 00 

$81,285 35 

Statement of appropriations made by law for the payment of the salaries of the officers and clerks of the Mint, for the 

year 1803. 

Amount of warrants drawn on the Treasurer of the United States, for tlie salaries of the officers and 

clerks of the mint in 1803, - - - - - - , ' , \ , ' ' ^lO^^OO 00 

Balance unexpended on the 31st December, 1803, which is to be carried to the surplus fund, - - 6 94 

$10,606 94 



Balance unexpended on the 1st January. 1803, - - - - - - ", , 7 $6 94 

Bv the " act making appropriations for the support of Government for the year 1803," passed tiie 2d 

March, 1803, - 10,600 00 

$10,606 94 

Statement of the application of moneys advanced from the Treasury of the United States, for the support of the 

Mint establishment, during the year 1803. 

The moneys paid by the treasurer of the mint, on warrants drawn by him on tlie Director, and admitted by the 
accounting officers of the treasury of the United States, on the adjustment of his accounts, were as follow: 

Incidental and contingent expenses and repairs of the Mint. 

For 7105 dollars 95 cents, being the amount expended for the requisite repairs, apparatus, machines, wages of work- 
men, and other expenses. 
Paid in the 1st quarter, --------- $1,80574 

Paid in the 2d quarter, --------- 1,913 85 

Paid in the 3d quarter, --------- 1,750 24 

Paid in the 4th quarter, --------- 1,63612 

$7,105 95 

Copper purchased for coinage. 

For 23,369 dollars 77 cents, being the amount of the cost and charges of copper purchased for coinage, viz: 

67,470 pounds purchased from 1st October to 31st December, 1803, ----- 23,369 77 

Salaries of the officers and clerks of the Mint. 

Paid in the 1st quarter, - - - - $2,650 00 

Paid in the 2d quarter, - - - - - - - - - 2,650 00 

Paid in the 3d quarter, --------- 2,65000 

Paid in the 4th quarter, - - - ----- - 2,65000 

10,600 00 

Wastage in the coinage of Gold and Silver. 
Applied to make good deficiencies in wastage in the coinage of gold and silver, - - - 1,572 20 

$42,647 92 



Balance to be accounted for by Benjamin Rush, treasurer of the mint, on the 1st January. 1803, - $10,085 17 

Mvanced from the treasury for said establishment, viz: 

For the salaries of the officers and clerks, --------- 10,600 00 

.Advanced from the treasury for the Mint establishment, viz: 

For the purchase of copper, and the incidental and contingent expenses, . . . . 15,572 20 

Balance due to the treasurer of the mint, on the 31st December, 1803, per Auditor'sreport No. 15,150, 6,390 55 



42,647 92 



Account of Cents and Half Cents paid into the Treasury of the United States, by the Treasurer of the Mint, in the 

year i803. 

Paid in the 1st quarter, ---------- . $11,68683 

Paid in the 2d quarter, ----------- 21,39500 

Paid in the 3d quarter, - - - - - - - - - - - 6,154 50 

Paid in the 4th quarter, ----------- 3,11353 



$42.349 86 

Treasury Department, Register's Office, March 3, 1804. 

JOSEPH NOURSE, Register. 



1804.] 



THE MINT. 



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1804.] 



THE MINT. 



105 



Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the Mint, on the 31s; 
December, 1802,- the amount of deposit es from the 1st January to the 3lst December, 1803; the different species 
of coin made and paid on account of deposites; allowance for ivaslage; and the balance remaining in the hands 
of the officers, to be accounted for on a future settlement. 

oz. dwt. gr. Dolls. Cts. M. 
Gold remaining in the hands ot the officers of the mint, on the 31st December, 

1803, - - - - - - - - - - 37 2 5 = 659 26 

Gold deposited from the 1st January to the 31st December, 1803, - - 14,691 4 10=261,177 13 5 



As above, 14,728 6 15= 26U836 39 5 



Amount paid on account of deposites from the 1st January to the 31st Decem- 
ber, 1803, - -. . .- 

Add balance of coins remaining in the hands of the Treasurer of the Mint, on 
the 31st December, 1803, .---... 

Deduct this sum, being so much paid out of the treasury of the 
United States, in order to cover the wastage on gold by the 
year ending 31st December, 1802, - - ■ - $1,332 12 5 

Also, this sum, being the balance of gold coins remaining in the 
hands of the treasurer of the mint, on the 31st December, 
1802. - - - - - - - - 367 38 5 



259,788 26 5 

288 74 5 

260,077 01 



Coins made from the 1st January to the 31st December, 1803, Eagles 8,979, half 

Eagles 33,506, quarter Eagles 423, - - 
Balance in the hands of the officers of the mint, on the 31st December, 1803, - 
Profit and loss, allowed for wastage, from the 1st January to the 31st Decem- 
ber, 1803, . - - 



1,699 51 



14,533 14 16 = 258,377 50 
138 13 9 = 2,464 60 5 



55 18 14 = 



994 29 



As above, 14,728 6 15 = 261.836 39 5 



Silver remaining in the hands of the officers of the mint, on the 31st December, 
1802, ---------- 

Silver deposited from the 1st January to the 31st December, 1803, 



Amount paid on account of deposites from the 1st January to the 31st Decem- 
ber, 1803, -----..-.. 

Add balance of coins remaining in the hands of the treasurer of the mint, on 
the 31st December, 1803, ------- 

Deduct this sum, being so much paid out of the treasury of the 
United States, in order to cover the wastage on silver for the 
year ending the 31st December, 1802, - - - - $240 7 5 

Also, this sum, being the balance of silver coins remaining in the 

hands of the treasurer of the mint, on the 31st December, 1802, 1,324 57 



373 7 15 

85,481 14 



475 18 5 
98,632 65 5 



85,859 1 15 = 99,067 84 



84,154 42 5 

4,528 22 

88,682 64 5 



1,564 64 5 

5.502 5 8= 87,118 00 



Coins made from the 1st January to the 31st December. 1803, Dollars 66,064, 

half Dollars 31,715, Dimes 33,040, half Dimes 37,580, 
Balance in the hands of the officers of the mint, on the 31st December, 1803, 10,022 9= n'563 54 5 
Profit and loss, allowed for wastage, from the 1st January to the 31st Decern- ' 

ber, 1803, - - - - - - - . - 334 15 22 



386 29 5 



As above, 85,859 l 15 = 99,067 84 



Comptroller's Office, March 10, 1804. 



ANDREW ROSS. 



Note.— Treasury warrants are di-awn in favor of the mint, in order to cover tlie difference between tlie amount allowed for 
wastage and tlie amount retained of deposites made below standard. » n 



D. 



Mini of the United States for copper coinage, shewing the amount purchased and coined, from the 1st Jamtaru 
to the 31s/ December, 1803; and the profit arising thereon. from the establishment thereof to the latter period. 



Dr. 


Avoirdupois weight. 


Trot/ iveight. 


Cost of copper. 


lb. oz. dwt. 


lb. oz. dwt. 


Dolls. Cts. M. 


To amount of rough copper and planchettes purchased, from 
the commencement of the institution to the 31st Decem- 
ber, 1802, per statement marked C, accompanying the 
Comptroller's letter of the 2d March, 1803. 

To this sum charged for the purchase of planchettes in the 
quarter ending 31st December, - . - . 

Balance — being the amount gained, - - - . 


67,470 


577,298 2 9 
81,994 9 10 


158,053 17 

23,369 77 

29,783 80 5 




659,292 11 19 


211,206 74 5 



106 



FINANCE. 



[1804. 



D — Continued . 





Troy weight. 


Falue. 


Cr. 


lb. oz. dwt. 


Dolls. Cts. M. 


By amount of rough copper and planchettes accounted for. per statement marked 
C, accompanying the Comptroller's report of the 2d March, 1803, - 

By amount of cents charged to the Treasurer of the United States, in the quar- 
ter ending 31st March, - - - - - . ■ 

By amount of cents charged to the Treasurer of the United States, in the quar- 
ter ending 30th June. - - - - - - ■ . ' 

By amount of cents and half cents charged to the Treasurer of the United 
States, in the quarter ending 30th September, ' ' ," " 

By amount of cents charged to the Treasurer of the United States, in the quar- 
ter ending 31st December. - - "..".' 
Balance of copper clippings and planchettes remaining, viz: 

In the hands of the treasurer of the mint. - . - - - 

In the hands of the chief coiner, ------- 

Copper clippings carried to the debit of profit and loss account. 

Allowance made to the chief coiner, also carried to the debit ot profit and loss 
account, said to be on account of the cents weighing more than 7 dwt. 

Copper for which no account is given, ------ 


510,387 2 11 

- r 

73,508 10 1<( 

- . 

41,013 2 6 

31,939 11 3 

314 1 10 

861 5 9 
1,218 2 19 


160,991 22 

8,740 

10,520 

2,843 3 

3,100 

14,061 66 5 
10,950 83 




659.242 11 19 


211,206 74 5 



Comptroller's Office, March 7, 1804. 



ANDREW ROSS. 



E. 

Summary statement exhibiting the value of coins made at the Mint; the amount of dishursements on account oflhe 
establishment ; the amount allowed for wastage; the amount retained of deposites; and the amount gained on 
the coinage of copper. 



Value of gold, silver, and copper coins, made at the mint, to the 31st December, 
1802, per summary statement, marked A, accompanying the Comptroller's re- 
port of the 2d of March. 1803, ..------ 

Value of gold coins made from the 1st January to the 31st December, 1803, per 
statement herewith, marked C. ---••-- - 

Value of silver coins, do. do. do. - 

Value of copper coins, do. do. do. - 

Total value of gold, silver, and copper coins, made to the 31st December, 1803, - 

Nett cliarge on the coinage of gold, silver, and copper, to tlie 31st December, 1802, 
per statement accompanying the Comptroller's report of the 2d March, 1803, 
marked E, - - - - - - - - -. - 

,\dd amount gained on the coinage of copper, per statement accompanying tiie 
Comptroller's report of the 2d March, 1803, marked C, - 

Deduct amount wastage, per the above statement transmitted, marked E. - 

Add amount retained of deposites, ------- 



Add amount disbursed on account of the establishment, from the 1st January to the 
31st December, 1803, per statement herewith, marked A, - - - 

Add amount of wastage to the 31st December. 1802, per statement accompanying 
the Comptroller's report of the 2d March, 1803, marked D, 

Add amount of wastage from 1st January to 31st December, 1803. per statement 
herewith, marked C, ------ - 



2,335 30 

107 94 5 



Total amount wastage to the 31st December, 1803, - - _ • 

Deduct amount retained of deposites, per former statement transmit- 
ted, marked D, ------ - 

Deduct ditto, from the 1st January to the 31st December, 1803, per 
statement herewith, marked C, - 

Total amount retained of deposites to the 31st December, 1803, 



Total amount of disbursements on account of the establishment, from the com- 
mencement of the institution to the 31st December, 1803, 

From the above deduct the gain on copper coinage from the commencement of the 
institution to the 31st December, 1803, -.-...-- 

Nett charge on the coinage of gold, silver, and copper, to the 31st December. 1803, 
including the cost of lots, buildings, machinery, &c. - - - - 



$258,377 50 
87,118 
25,203 3 



$14,340 
2,335 30 



$14,340 

1,380 58 5 



$15,720 58 5 



2,443 24 5 



.561,167 77 



370,698 53 



$3,931,866 30 



$210,641 65 
25,369 30 



$236,010 95 



12.004 70 



$224,006 25 
17,705 95 



13,277 34 



$254,989 54 
29,783 80 5 



$225,205 73 5 



Comptroller's Office, March 10, 1804. 



ANDREW ROSS. 



1804.] STATE OF THE FINANCES. 107 



8th Congress.] No. 220. [2(1 Session. 



PROTECTING DUTY ON SLATE. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, NOVEMBER 15, 180t. 

Mr. Samuel L. Mitchill made the following report: 

The Committee of Commerce and Manufactures respectfully submit their report on the memoiiul of the President 

and Directors of the New York Slate Companies: 

Two associations of individuals, in the State of New York, were formed, one in the year 1800, and the otiier in 
1803, for the purpose of exploring and opening quarries of slate, witliin Dutchess county, in the said State. After 
expending considerable capital, they state that they have been successful in finding slate of an excellent quality. 
This they have brought to market in great quantity, and offer for sale at a reduced price of fifty per cent. Tiiey 
allege that they are capable' of supplyiiig the whole domestic demand for this useful article of building, and could 
easily furnish slate of various sizes and thickness, for exportation. But they coni])lain of the rivalship and compe- 
tition of the importers of slate from foreign countries: who, by means of superior numbers and capitals, can, without 
sensible inconvenience, submit to temporary losses, undersell the petitioners, and interrupt the regular course ot 
their domestic industry. For the sake of preventing these discouraging embarrassments, they solicit an increase 
of impost on the importation of slate fitun foreign parts. 

In the preamable to the act " making further provision for the payment of tlie debts of the United States," passed 
August 10th, 1790, it is declared tliat duties were laid on goods, wares, and merchandise, imported, for the discharge 
of the debts of the United States, and the encouragement and protection of manufactures. By the first section 
of that act, slate was charged with a duty of 10 per cent, ad valorem. Afterwards, by the act "for raising a further 
sum of money for the protection of the frontiers, and for other purposes therein mentioned," passed May 3d, 1790, 
an additional 2^ per cent, was added; but this ceased at the end of two years, by its own limitation. Then again 
an additional five per cent, ad valorem was laid upon imported slate, by the first section of the " act for laying addi- 
tional duties on goods, wares, and merchandise, imported into the United States," passed June 7th, 1794. 

A further impost of 2^ per cent was laid by the first section of tlie " act further to protect the commerce and 
seamen of the United States against the Barbary Powers," passed March '3jth, 1801, upon all goods, wares, and mer- 
chandise, chargeable with an ad valorem duty. Slate comes within this class of articles. The money collected 
goes to " the Mediterranean fund;" and this additional 2,T per cent, will not be discontinued until three months 
after a ratification of a treaty of peace with Tripoli. 

Hence, it appears that the existing duties on slate, imported from foreign ports, amount to 17d per cent, it im- 
ported in ships or vessels of the United States; and computing the 10 per cent, additional, amount to 19j per cent, 
upon all slate imported in vessels not oi' the United States. When to these are added freigiit, commission, insur- 
ance, and the other heavy charges on such a bulky article, it would seem that a sufficient protecting duty was already 
imposed to encourage this species of domestic manufacture. The committee are inclined to think it would be im- 
])olitic to increase the import to a 7Jro/H'6<7or7/ amount. 

The committee cannot forbear to express a sentiment of pleasure on this discovery of an inexhaustible quantity ot 
an incombustible material for covering buildings. The increasing scarcity of timber, and the prevailing custom ot 
constructing fire proof houses, added to the more excellent, it may be said unecjualled (|uality and abundance ot the 
slate of New York, may be expected in a short time to accomplish the wishes of the petitioners, and give the home 
made slate a complete ascendancy in the market. While, therefore, they rejoice at the detection ot this new re- 
source of their country, and of its proportionally increased independence, they forbear to recommend any augmen- 
tation ot impost upon its introduction from abroad. . . 

On the whole, it is the opinion of the committee that any additional duty upon imported slate would, at this time, 
be inexpedient. 



8th Congress.] No. 221. [ad Session . 



STATE OF THE FINANCES. 

communicated to the senate, xVovember 21, 1804. 

In obedience to the directions of the act supplementary to the act, entitled '" An act to establish the Treasury 
Department," the Secretary of the Treasury respectfully submits the following report and estimates: 

REVENUE. 

The nett revenue, arising from duties on merchandise and tonnage, which accrued during the year 1802, and on 
which the estimates of last year were predicated, amounted, as will appear by the statement A, to $10,151,000. 
The nett revenue, arising from the same source, which accrued during the year 1803, has amounted, as appears by 
the same statement, to $11,300,000; and it is ascertained that the nett revenue which accrued during the three first 
quarters of the year 1804, considerably exceeds that of the corresponding quarters of the year 1803. \Vithout draw- 
ing any inference from the increase of the present year, an increase which must be ascribed to the situation of 
Europe, and will, eventually, be diminished by subsequent re-exportations, that branch of the revenue may, exclu- 
sively of the Mediterranean fund, be safely estimated at $10,730,000, which is the average of the two years 1802 and 
1803. The actual payments in the treasury, on account of those duties, during the year ending on the 30th of Sep- 
tember last, amount nearly to the same sum; («,) and there is no reason to suppose that the receipts ot the ensuing, 
will fall short of those of last year. 

The statement B exhibits, in detail, the several species of merchandise, and other sources, from which that 
revenue was collected, during the year 1803. 

(a.) 10,729,708 dollars and 54 cents. 



^Qg FINANCE. [1804. 



It also aooears, that the revenue arising from the sales of public lands is gradual y increasing. The statement 
r shows that exclusively of the September sales, at Cincinnati, three hundred and fourteen thousand acres have 
been sold durins the year ending on the 30th of September last. The proceeds of those sales, calculated on the sup- 
position that every purchaser will be entitled to the discount allowed in case ot prompt payment, would yield five 
hnnd red and fifteen thousand dollars. And , notwithstanding the difficulties which exist m drawing into the treasury 
the moneys collected by the receivers of the remote land offices, it is believed that the actual receipts trom that 
source will, for the ensuing year, exceed four hundred and fifty thousand dollars. , a .u u 

The permanent revenue of the United States may, therelore, including tiie duties on postage, and other small 
incidental branches, be computed at eleven millions two hundred thousand dollars. 

\nd the payments in the treasury, during the year 1805, on account ot the temporary duties which constitute the 
"Mediterranean Fund," are estimated at hve hundred and fifty thousand dollars; making, in the whole^, tor the 
probable receipts of that year, a sum of -------- $11,750,000 

EXPENDITURES. 
The expenses of the year 1805, which must be defrayed out of that year, consist of the following items: 
1. The annual appropriation of eight millions of dollars, for the payment of the principal and in- 
terest of the public debt; of which near $3,700,000 wdl be applicable to the discharge of the 
principal, and the residue to the payment of the interest, - : , ,- " ..." ' $8,000,000 

2 For the Civil Department, and all domestic expenses of a civil nature, including military pen- 

sions the light-house and mint establishments, and the expenses ot surveying public lands, 952,000 

3 For expenses incident to the intercourse with foreign nations, including the payment ot awards 

under the 7th article of the British treaty, and the permanent appropriation tor Algiers, - 294,000 

4 For tlie Military and Indian departments, including the permanent appropriation tor certain 

Indian tribes, - - - " ". . V ,\ .u ' y ' ' ' ^^'''°"° 

5 For the Naval establishment, viz. annual appropriation charged to the ordinary re- 

venue ------' - - - $650,000 

Extraordinary expenses of the last expedition against Tripoli, which will be payable in 

the year 1805, and are ciiargeable to the Mediterranean fund, - - - 590,000 

1,240,000 

6. Reserved out of the Mediterranean fund, for meeting other extraordinary expenses, which may 

be incurred under the act constituting the fund, .----- 100,000 

Making, altogether, - - - . ■ 11,540,000 

Eleven millions five hundred and forty tliousand dollars; and, deducted from the revenue of - 11,750,000 

Leaves a surplus of more than two hundred thousand dollars. ^fS 1 0,000 

MEDITERRANEAN FUND. 

The sum which may probably be received during the year 1805, on account of that fund, and the payments during 
that vear which will ultimately be charged to the fund, are included in the preceding estimate of receipts and 
expenditures; but it is necessary to give a distinct view of the whole amount of revenue and expenses under that 

*^*Tlie value of merchandise, paying duties ad valorem, which was imported in the year 1802, amounts, after 
deducting- the exportations of the same year, to $31,706,000. The value of the same description of merchandise, 
imported^in the year 1803, amounts to $34,370,000. The additional duty of 2| per cent, on that description of 
imported articles, constitutes the Mediterranean Fund, and calculated on the average importations of the two years, 
would have yielded, annually, $826,000. But several articles, which, in the years 1802 and 1803, paid duties ad 
valorem having, in lieu thei'eof, been charged with specific duties, by an act of last session, are not liable to the 
additionl'l duty of 2' per cent. Although the value of those articles cannot be precisely ascertained, it is believed 
tiiat the deduction, on that account, wilfnot amount to $50,000, and that the proceeds of the additional duty may 
be' computed at the annual sum of $780,000; and for the eighteen months commencing on the 1st July, 1804, and 
endin" on the 31st December, 1805, at $1,170,000. The expenses authorized under the act constituting the fund, 
have been predicated on that estimate, and apportioned in tiie following manner: 

1. For the Navy Department, (in addition to the annual appropriation of $650,000) viz. 
There had been advanced, from the ordinary revenue, prior to the 30th September, 1804, - $350,000 
A further payment will be made before the 1st January, 1805, ot - - - 130,000 
To be paid during the year 1805, on account of this fund, as stated under the 5th item ot ex- 
penditures for that year, ------- 590,000 

^ $1,070,000 

2. Reserved for other extraordinary expenses, which may be incurred for the same object, 
being the 6th item of expenditures for the year 1805, - - ■ " 100,000 

$1,170,000 



Vi 



Those duties began to operate on the 1st day of July last; but, as they are payable six, eight, nine, ten, and 
twelve months after the importation, no part will be paid in the treasury during the present year; and a sum of only 
$550,000 is expected to be received in the course of the year 1805. For that sum only, credit lias been taken in the 
general estimate of receipts for that year; whilst a part of the $1,170,000, chargeable to the fund, has already been 
expended, and the rest is included in the preceding estimate of expenses for 1805. Tiie difterence, amounting to 
$620,000, will, at the end of the next year, consist of outstanding bonds, payable in 1806. And, if the additional 
duty should, as well as the extraordinary expense for which it is appropriated, cease at that time, that outstanding 
balance will, as it is collected, replace in the treasury the sum advanced tor the ordmary revenues, in anticipation 
of the proceeds of the fund. For it is hoped that the situation of the treasury will render it unnecessary to recur to 
the authority given by the act, to borrow on the credit of the fund. 

BALANCE IN THE TREASURY. 

The greater part of the balance of $5,860,981 54, which, on the 30th day of September, 1803, remained in the 
treasury, ''was, in the last year's report, considered as applicable to the payments ot certain extraordinary demands, 

As no payment has been made on that account, during the last year, besides the first instalment of $888,000 due 
to Great Britain, nor any other extiaordinary expense been discharged, than the advance of $350,000, in anticipa- 
tion of the Mediterranean fund; the balance remaining in the treasury on the 30th September, 1804. still amounted 
to $4 882,225 11. That sum, together with the estimated surplus of revenue for the year 1805, the sum advanc- 
ed from the ordinary revenue to tiie Mediterranean fund, and the arrears of the direct tax and internal revenues, 
may still be considered as sufficient to discharge the balance of $1,776,000, due to Great Britain; the loan of $200,000 
due to Maryland; and two millions of dollars on account of the American claims assumed by the French conven- 
tion. As the greater part of those demands will be paid in the course of the year 1805, the balance will not, proba- 
bly at the end of that year, exceed the sum which it is always expedient to retain in the treasury. 



1804.] 



STATE OF THE FINANCES. 



109 



PUBLIC DEBT. 



It appears by the estimate D, that the payments on account of the principal of the public debt, have, during the year 
ending on the 30th September last, amounted to . - . . . $3,652,887 15 



And during tiie tlnee years and a half, commencing on tlie 1st day of April, 1801, and ending on the 

30th September, 1804, to - - - - - - - - $13,576,891 86 



During the same period, a new debt of thirteen millions of dollars has been created by the purchase of Louisia 
na, viz: 

Six per cent, stock, issued in conformity \\ith the convention, . . . - $11,250,000 

Amount of American claims assumed by the convention, and for the payment of which authority has 
been given to obtain a loan: two millions thereof being already provided for. out of the surplus 
specie in the treasuiy, ---..--. 1,750,000 



$13,000,000 



Another view of the subject maybe given, in the following manner: 

The balance in the treasury amounted, on the l>t day of April, 1801, to 
And on the 30th September, 1804, to - 

Making an increase of - - - - 

From which deducting the proceeds of the sales of the bank shares. 

Leaves, for the increase arising from the ordinary revenue. 



$1,794,044 85 
4,882,225 11 



$3,088,180 26 
1,287,600 00 

$1,800,580 26 



From the 1st day of April, 1801, to the 30th September, 1804, the following debts, which originated prior to that 
period, have been discharged : 

1st. Payments on account of the domestic and foreign debt, as above stated, - $13,576,891 86 

2d. First instalment of the sum payable to Great Britain, "in satisfaction and dis- 
charge of the money which the United States might have been liable to pay, in 
pursuance of the provisions of the sixth article of the treaty of 1794," - 888,000 00 

$14,464,891 86 



Making, altogether, - - - 

And from which, deducting fifteen millions, being the purchase money of Louisiana, 

Leaves, - - - -- 



$16,265,472 12 
15,000,000 00 

$1,265,472 12 



A difference of more than twelve hundred thousand dollars in favor of the United States. 

It may be added, that, if the revenue shall, during the ensuing year, prove, as is not improbable, more productive 
than has been estimated, the surplus will be applied towards the payment of the above mentioned sum of $1,750,000, 
yet unprovided for, on account of the American claims, and will, so far, diminish the amount of the loan authorized 
for that object. 

From the preceding statements and estimates it results, that the United States have, during the period of three 
years and a half, ending on the 30th September last, discharged a larger amount of principal of their old debt, tlian 
the whole amount of the new debt, which has been or may be created in consequence of the purchase of Louisiana; 
and that tlieir existing and growing resources will, during the ensuing year, be sufficient, after defraying the current 
expenses of the year, and paying more than $3,750,000, on account of the engagements resulting from the French and 
British conventions, to discharge a further sum of near three millions and seven hundred thousand dollars, of the 
principal of the public debt. 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 
Treasury Department, November 19th, 1804. 



A. 

A Statement exhibiting the amount of duties which accrued on Merchandise^ Tonnage, Passports, and Clearances; 
of Debentures issued on the exportation of Foreign Merchandise; of payments for Bounties and Allowances 
and for expenses of collection, during each of the years 1802 and 1803. 



1803 
1803 



DUTIES ON 



Merchandise. 



$14,795,975 87 
14,249,958 57 



Tonnag-e. 


$161,709 79 
166,528 91 



Passports & 
clearances. 



Debentui'es 

issued. 



Bounties and 
allowances. 



$13,820 00 $4,197,256 $134,233 80 
15,902 00' 2,569,813 151,717 86 



Gross revenue. 



$10,640,015 86 

* 11,710,858 62 



Expenses on 
collection. 



$485,451 93 
404,428 40 



Nett re venue - 



$10,154,563 93 
11,306,430 22 



* Gross revenue for the year 1803, 
Deduct interest and storage. 

Gross revenue, per statement B, 



$11,710,858 62 
15,999 23 

$11,694,859 39 



,i Statement of the amount of American and Foreign Tonnage employed in Foreign trade, for the year 1803, as 

taken from the records of the Treasury. 

American tonnage in foreign trade, ....... . $787,424 

Foreign tonnage, . . ... . . ... 163,889 



Total amount of tonnage employed in the foreign trade of the United States, 

Proportion of ^foreign tonnage to the whole amount of tonnage employed in the foreign 
trade of the United States, ........ 



)51,313 



17.2 to 100 



15 



Treasury Department, Begister^s Office, November lith, 1804. 

JOSEPH NOURSE, Register. 



11« 



FINANCE. 



[1804. 



B. 

A Stnlement exhibiting the value and quantities, respectively, of merchandise, on which duties actually accrued 
dnriri^the year 1803, {consisting of the difference between articles paying duty, imported, arid those entitled to 
drawback, re-exported) and, also, of thenett revenue which accrued, during that year, from duties on merchan- 
dise, tonnage, passports, and clearances. 



GOODS PAYING DUTIES AD VALOREM 


, 










26,370,279 dollars, at 12^ per cent. 
7,616,432 do. 15 do. - 
383,165 do. 20 do. 


- 


- 


- 


3,296,284 87 

1,142,464 80 

76,633 00 






4,515,382 67 




34,369,876 




(rt ) Spirits, 8,959,342 gallons, at 29 cts. average 


- 


- 


- 


2,594,259 10 
1,290,034 16 
552,129 60 
603,146 06 
509,138 77 
424,763 00 
298,163 75 
509,116 38 




lb ) Sugar, 51,066,934 lbs. at 2^ average 
(c ) Salt, 2,760,648 bushels, at 20 - 
(J ) Wines, 1,772,768 gallons, at 34 average 
(e ) Teas, 3,174,370 lbs. at 16 average 
Coftee, 8,495,260 lbs. at 5 - 


- 


; ; 


- 




Molasses, 5,963,275 gallons, at 5 - 


- 


- 


' 




(/.) All other articles - - - - 












11,296,133 49 




Deduct amount of duties refunded 


- 


16,402 


95 






Do. being difference in calculation - 




130 


00 


16,532 95 

• 










11,279,600 54 






3| per cent, retained on drawbacks - - 
Extra duty of 10 per cent, on merchandise imported in 


- 


.. 


- 


- 


94,096 09 


foreign vessels - 




; ; \ 


138,731 85 


Nett amount of duties on merchandise 


11,512,428 48 


Duties on tonnage 


- 


- 


- 


- ' - 


166,528 91 


Duties on passports and clearances 










15,902 00 


Gross revenue, as per statement A 


11,694,859 39 


Accounts not received, estimated at -,.,,- 
Deduct debentures issued, abstracts for which have not 


been rendered - 


- 


12,000 00 
4,599 50 


7,400 50 








11,702,259 89 


Deduct expenses of collection - 


- 


- 


- 


- 


404,428 40 


Nett revenue 


$11,297,831 49 


Explanatory Statements and Notes. 




> 




(a.) Spirits, viz: 

Grain, 1st proof 




1,129,110 i 


i;al!oi 


IS, at 28 cents, 


$316,150 80 


2d do. 




66,419 


do. 


29 


19,261, 51 


3d do. 




587 


do. 


31 


181 97 


4th do. 




67,545 


do. 


34 


22,965 30 


5th do. 




5,285 


do 


40 


2,114 00 


6th do. 




2,564 


do. 


30 


1,282 00 


Other materials, 1st & 2d do. 




1,820,222 


do. 


25 


455,055 50 


3d proof 




2,929.723 


do. 


28 


820,322 44 


4th do. 




3,309,341 


do. 


32 


1,058,989 12 


5th do. 




18,741 


do. 


38 


7,121 58 


6th do. 




386 


do. 


46 
Duties. 


177 56 


Imported, - - - 


9,349,923 


2,703,621 78 


Exported, 


- 


390,581 




Do. 


109,362 68 


Consumed, 


8,959,342 


2,594,259 10 



{b.) Sugar, vi7.: 

Brown, 
White, 
I 



48,394,771 pounds, at 2^ cents 
2,672,163 do. 3 do. 



1,209,869 27 I 
80,164 89 



51,066,934 



$1,290,034 16 



Imported, bushels of 56 pounds 

Exported, - . ', ,, " ' ' , ^ ■' ^^'^^^ 

Amount of bounties and allowances, $151,717 86, reduced into 
bushels of salt, at the present rates. - - - 758,589 



- 3,542,872 



782,224 



Paying duty, bushels of 56 pounds, 

(,/.) Wines, viz: 

Madeira, 1st quality, 
do. 2d do. - 
Sherry and St. Lucar, 
Oporto and Lisbon, 
Burgundy and Champaigne, 
Tcnerifte, Fayal, and Malaga 
Other, in bottles, 
do. in casks, 



2,760,648 at 20 cts. 



242,537 gallons, at 58 cents 

69,644 

309,867 

168,922 

3,738 

422,638 

43,845 
511,577 



do. 


50 


do. 


40 


do. 


30 


do. 


45 


do. 


28 


do. 


35 


do. 


23 



552,129 60 



140,671 46 

[34,822 00 

123,946 80 

50,676 60 

1,682 10 

118,338 64 

15,345 75 

117,662, 71 



Gallons, 



1,772,768 



Duties, $603,146 06 



1804.] 



STATE OF THE FINANCES. 



Ill 



(c. ) Tea?, viz: 

Bohea, --.--.. 

Souchong, ------- 

Hyson, ------- 

Other green, ....... 

Extra duties on teas, imported from other places than India, 



1,909,282 lbs. at 12 cents, 

235,139 do. 18 

257,509 do. 33 

783,440 do. 20 



Pounds, 



3,174,370 



Dutie; 



s» 



229,113, 84 

40,525 03 

82,403 88 

156,488 00 

609 03 

$509,138 77 



(J.) All other articles — 

Beer, ale, and porter, 
Cocoa, 
Chocolate, 
Sugar candy, 
loaf, 

other refined, 
Candles, tallow, 

wax. 
Cheese. - - - 

Soap, . .. - 

Pepper, - - - 

Pimento, - . - 

Tobacco, - - - 

Do. 
Snuff, 

Do. - - - 

Indigo, 

Cotton, _ .. - 

Nails, - - - 

Spikes, - - - 

Lead, - - - 

Steel, 

Hemp, - . . 

Cables, 

Tarred cordage, 
Untarred cordage and'yarn. 
Twine and pack thread, 
Glauber salts, 
Coal, 

Boots, - - - 

Silk shoes, - 
Other shoes, for men and women. 

Do. for children. 
Wool cards, 
Playing do. 



182,651 gallons. 


at 8 cents. 


$14,613 08 


507,679 ] 


pounds. 


, at 2 


10,153 58 


951 


do. 


3 


28 53 


8,003 


do. 


lU 


920 34 


9,010 


do. 


9 


810 90 


735 


do. 


6.i 


47 12 


21,345 


do. 


2 


424 90 


1,683 


do. 


6 


100 98 


68,715 


do. 


7 


4,810 05 


34,108 


do. 


2 


683 16 


1,838,143 


do. 


6 


}09,688 52 


437,505 


do. 


4 


17.500 20 


111,739 


do. 


10 


11,173 90 


12,820 


do. 


6 


769 30 


1,940 


do. 


33 


436 80 


61 


do. 


10 


6 10 


130,844 


do. 


35 


33,711 00 


288,330 


do. 


3 


8,649 90 


3,674,769 


do. 


3 


73,495 38 


353,485 


do. 


1 


3,534 85 


2,657,499 


do. 


1 


36,574 99 


7,394 


cwt. at 100 


7,394 00 


122,545 


do. 


100 


133,545 00 


839 


do. 


180 


1,493 30 


7,816 


do. 


180 


14,068 80 


1,030 


do. 


335 


3,317 50 


1,979 


do. 


400 


7,916 00 


1,193 


do. 


300 


2,386 00 


419,400 bush, at 5 


20,970 00 


4,443 


pairs, at 75 


3,332 25 


2,417 


do. 


35 


604 25 


54,150 


do. 


15 


8,122 50 


6,199 


do. 


10 


619 90 


11 


doz. at 


50 


5 50 


884 packs, at 25 


221 00 



$509,116 38 



Treasury Department, Register's Office, November 14, 1804. 

JOSEPH NOURSE, Register. 



112 



FINANCE. 



[1804. 






^ 



o 






S « 
o 

Co 1> 

•^ O 

^ ■^' 

So 



■^ V- 
gco 
u o 



o "- 

"^ t.> 

CO*"© 

o 
00 S 

—I D 






O .J- 






-.--■TS 






^2 









'^ 



"fe 






Total balance 

due 1st Oct. 

1804. 


$23,333 98 

31,516 891 
577,379 43 
464,796 06 
533,454 10 


-tcl 

to 

CO 

to^ 




o 

00 

o 
O 
+-> 

to 

c 
o 

=1 

CD 
O 
C 

-2 

m 


■J 


>> 


«ICt -+t-IC»"'ICI 

CO in in CO 
to to in CTi in 

— -H 'i" CO 

i^ in 00 CO "-^ 
in to in oi 

-i<^co"co -h"^ 

^ 01 o» 

1— 1 


CJ 

00 
r^ 

Oi 
Ci 




in 
3 
> 

"i 


u 


-[-•"•Icc^ht-^-lt* 

-* ^ t^ in to 

CO CJ 00 —I in 

— . in -* Oi CO 
to to Cl to -< 
t~ 00 t^ 00 -^ 

CO t^ CO Ci 

— ' Ci i^ j^ CO 

^ -* CO -* 


00 

t^ 

Ci 

to 
cT 

CO 

co_ 




•A E 


$16 32 
404 18 

20 77 


Ci 




t 

<a 

■3 
tj 

<A 
XI 

.2 
c 
aj 

E 
>-. 

p- 


=§2 


$548 18 
3,744 74,| 
2,726 24^ 
1,356 38 


in 
in 

in 

CO 
CD 




:3 
en 

a 

c 


$4,312 82 

232,708 43| 

105,675 36ii 

18,258 13 


in 

to 

-t< 
in 

Ci 

to 

CO 

* 




Receipts, by Receivers, from individuals. 


1.1 

,<u 

<t2 


$77 60 
75 54 
381 19 
357 17 
134 25 


in 
in 

Ci 






On account of 

Surveying 

fees'. 


$87 00 
63 00 
901 50 
975 00 
436 65.i 


-It* 
in 

CO 

to 
cf 




Oil account of 

purchase 

money. 


$4,407 031 

5,767 60 
195,021 58| 
114,393 46 

75,667 14^ 


Ci 

00 

to 
in 
c»^ 
in' 

CO 




Due by indivi- 
duals, 1st Oc- 
tober, 1803. 


$13,463 001 
416,843 62 
391,444 62 
370,638 93 


-Id 

tH 


Oi 
CO 

of 

Ci 






In the hands of 

Receivers, 
Oct. 1st, 1803. 


$2,074 65 
140,392 89i 
81,883 54 
36,081 381 


CI 
CO 

cT 

to 

Ci 




2 

m 

-d 
C 


i/i ^ 

It 


$23,168 38 
20,169 84 
251,973 84 
195,810 991 
144,441 78 


-let 
CO 
00 

CO 

to 
•n^ 

in" 

CO 

to 





< 


11,224.161 
10,084.79 
122,990.55 
97,733.011 

72,220.89 


CO 



Ci 

CO 




in 

4) 







ZanesviUc, 
Marietta, - 
Steubenville, 
Chillicothe, 
Cincinnati, 







in 



00 to 


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in 


to l^ 


»— < 


in 


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to 


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Oi 










00 in 


in 


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in 


J- 




to 


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CO 




CO 



Oi I^ 

00 00 

00 00 
-T '^ 
O 1^ 

^ ,.- 

CO 






33 



O 



o 






o 

00 



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33 
a. 

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■5 , 






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V , 


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' c 


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>. 


V 3 










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-*- 


<y > 


3 


-3 


= a 










transfei 
on Rece 
on Trea 


OJ 

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cJ-5 


^ Ml 


CK 





^-£i 


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vT 






L. 






C cs 






Z. "^ 


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5-^ 


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Ct OJ 













s 


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42 


£c 


c c 


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t- 


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^ ttJ 


cri 


cc 




PhQ^D- 


^ 


a 





m — 




to ^ 


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tl> CO 


qi 


Ci in 




l^ Ci 






.^1 


Oi ■* 








05 CO 



o 



GO 



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S 

t 

OS 



o 



u 

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00 



s 

too 



2 ' 


CO 


:S 


3 





Oi 


WO r. 


0) 


.St5 


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S-2i 


._J 


%.B 


-*-* 


ts 


to 


c 


V v 


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-^ 









»- r. 


c 


~ a^ 


tC 






§ C 


•'S 


"'35 


4) 






0-0 


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aJ m 


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O 



1804.] 



STATE OF THE FINANCES. 



ii; 



C — Continued. 
Estimate showing when the instalments, which compose the balance due from individuals, will become payable . 



Offices. 


Remaining due 
in 1804. 


Becoming due 
in 1805. 


Becoming' due 
in 1806. 


Becoming due 
in 1807. 


Becoming due 
in 1808. 


Total. 


Zanesville, - 
Marietta, - 
Steubenville, 
Cliillicothe, 
Cincinniiti, - 


1,385 06 

5,118 81.4 

6,130 02t 

56,781 77| 

108,813 14 


5,452 45 
175,529 48^ 
132,784 59^ 
161,566 351 


5,792 091 

7,286 72 

152,951 9& 

78,974 72| 

96,398 541 


5,792 094 
5,815 591 
90,532 03 
63,328 24j 
51.259 54 


5,792 094 

4,191 664 

48,651 374 

40,992 80| 

21,375 981 


18,761 341 

27,865 244 

473,794 87| 

372,862 151 

439,413 561 


Dollars, 


178,228 82 


475,332 881 


341,404 04| 


216,727 50| 


121,003 92| 


1,332,697 18| 



Treasury Department, Register's Office, Noveynber \Ath, 1804. 

JOSEPH NOURSE, Register. 



D. 



.fin estimate of the principal redeemed of the debt of the United States, from \st October, 1S03, to 30th September, 
. 1804; showing, also, the redemption of the principal of the said debt, from 1st /Ipril, 1801, to 30lh September, 
1804. 



ON ACCOUNT OF THE DOMESTIC DEBT. 

The amount of warrants issued on the Treasurer of the United 
States, according to the quarter yearly statement of receipts and 
expenditures, from 1st October, 1803, to 30th September, 1804, 
exclusive of $946 51, repaid into the treasury, was $4,367,185 96 

Deduct interest which accrued during the same pe- 
riod, calculated quarter yearly, - - 3,325,511 74 



Payments made in certificates of the debt of the United States, 

on account of lands purchased, - - 

Payments to foreign officers, and for certain parts of the domestic 

debt, - - - 

Payments on account of domestic loans, 

ON ACCOUNT OF THE FOREIGN DEBT. 

The amount of warrants issued on the Treasurer of the United 
States, exclusive of $120,000 repaid into the treasury, and 
$4,595 39, the amount of commissions to the purchasing agents, 
was - _ - - - $2,876,541 22 

Deduct one year's interest on the Dutch debt, viz: 
Amount ot one year's interest, including commis- 
sions and postage of letters, after deducting for 
anticipation of interest paid by commissioners. 

Guilders, 693,000 



At 40 cents, is 
Deduct gain on exchange. 



$277,200 00 
25,641 77 



251,558 23 
Interest to 30th September, 1804, on 
the Louisiana six per cent, stock, 528,749 93 



780,308 16 



Redemption 
from 1st Octo- 
ber, 1803, to 
30th Septem- 
ber. 1804. 



Redemption from 
1st April, 1801, to 
30th September, 
1803, as per docu- 
ment E, referred 
to in Secretary's 
report of 24th Oc- 
tober, 1803. 



1,041,674 22 

9,206 47 

5,773 40 
500,000 00 



2,096,233 06 



3,652,887 15 



Total principal 
redeemed from 
1st April, 1801, 
to 30th Sep- 
tember, 1804. 



2.641,516 22 

43,939 66 

60,223 63 
1,990,000 00 



5,188,325 20 



9,924,004 71 



3,683,190 44 

53,146 13 

65,997 03 
2,490,000 00 



r,284,558 26 



13,576,891 86 



Treasury Department, Register''s Office, \4th November, 1804. 

JOSEPH NOURSE, Register. 



114 



FINANCE. [1805. 



8th Congress.] , No. 222. [2d Session. 

REMISSION OF DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 4, 1804. 

Mr. Crowninshield, from the Committee on Commerce and Manufiictures, to whom were referred the petition of 
Tiiomas Parker and others, Directors of the Library Company of Philadelphia, and the memorial and petition of 
the Board of Trustees of the College of New Jersey, made the following report: 

The Directors of the Library Company of Philadelphia state to the House, that they have lately received a va- 
luable collection of books and prints, bequeathed to their institution, by the Rev. Samuel Preston, of the county of 
Kent, in Great Britain, on the importation of which, at Philadelphia, the sum of four hundred and ninety eight 
dollars and twenty cents is demanded for duties, agreeably to the laws of tiie United States. 

The President of the Board of Trustees of New Jersey College informs Congress, that, after replenishing their 
library, (which had been destroyed by tire) in part, by donations and purciiases of books, they have been obliged to 
import a large number of books from Europe, on the "importation of which duties have been bonded at New York, 
under the laws of Congress, to the amount of four hundred and fifteen dollars and sixty-two cents. 

The object of the petitioners, in both instances, is to be exonerated from the payment of the duties, on their re- 
spective importations, and they pray that the bonds given at the custom house may be cancelled. 

It is not within the knowledge of the committee that any duties which have accrued upon any importation what- 
ever have been restored to the importers. To grant exemptions from duty to any institution, or to free any class or 
body of our citizens from the obligations of their bonds, for money due to the United States, would be going beyond 
what the committee could venture to recommend to the House. "Ail duties shall be wnZ/brm throughout the United 
States," is the peremptory language of the constitution, and the committee are well persuaded that the petitioners 
themselves would not, after mature reflection, hesitate to acknowledge, that the constitution is the paramount law, 
and that, in granting a privilege to them, to import books free of duty, while the right is denied to others, would be 
a violation of that justice which is so eminently due to the whole people of the United States; and as, from a late de- 
cision of the House, involving the same principle, there can be no reasonable expectation that the petitioners could 
obtain the exemptions prayed for, 

The committee recommend that they have permission to withdraw their respective petitions. 



8th Congress.] No. 22S. [2d Session. 

REMISSION OF DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 7, 1805. 

Mr. Crowninshield, from the Committee on Commerce and Manufactures, to whom were referred the petitions 
of Benjamin Bailey, James Bogart, Jr. and others, citizens of the United States, and resident merchants of the 
city of New York, made the following report: 

The petitioners have been sufferers to a large amount, by a late distressing fire in the city of New York. They 
represent that theyimported into the district of New York, various goods and merchandise, of a great value; and while 
they were still owners of such property, a conflagration took place, and destroyed their stores, with all, or nearly all, 
their contents, including the merchandise on whfch the duties were secured to be paid. They pray that Congress 
will authorize the collector of New York to deliver up, or cancel, all bi)nds or other securities given by them for 
duties upon such part of the said goods and merchandise as were destroyed by the fire. 

Repeated decisions on similar applications leave no doubt on the mintl of the committee that it would be impro- 
per to grant the prayer of the petition. When any aiticle is imported into the United States, and the duties thereon 
are ascertained at the custom house, the amount forms a part of the_ actual value, and is an insurable interest: if it 
is afterwards destroyed by fire, or lost in the transportation, coastwise, from port to port, or in any manner injured 
or damaged, it has never yet been considered that the United States were bound to cancel the bonds entered into 
by tlie importers for the duties. The United States can, in no respect, be considered in the light of underwriters. 
When the duties have, at any time, accrued, they (tught to be paid, and the importing merchant can have no greater 
right to call upon the Government for a return of the duties, than he would to demand of the seller a diminution in 
the price, or to ask the possessor of his note or bond, that he may be exonerated from the payment for any article pur- 
chased in the market, merely because the bargain was not advantageous, or because the merchandise was burnt or 
destroyed, which formed and constituted the evidence of value '■'• receivecU^ It is with regret tlie committee make 
these observations, but they wish it to be generally understood by the merchants, that, in no case could they deem 
it proper to advise the House to refund the duties upon merchandise destroyed by any accident whatever. 

It is true the treasuryof the United States ought not to be enriched from the losses of private individuals, and that 
our revenue is chiefly derived from the duties on articles consumed in the country; but, when it is fairly considered 
that to abandon claims upon the importers, would lead to numerous impositions; thatif some were relieved from debts 
contracted in good faith, (althougli the articles on which those debts originated were actually destroyed) it might 
induce others to expect similar indulgencies, without having equal claims upon the national bounty, and as there ex- 
ists a strong necessity for perserving uniformity in these decisions; and as it cannot be reastmably expected that 
Congress should now deviate from a long course of parctice, founded as it is on equitable and strict commercial prin- 
ples, the committee recommend that the petitioners have permission to withdraw their petition. 



1805.] EXTENSION OF DUTY BONDS. II5 



8th Congress.] No, 224. [2d Session. 



DRAWBACK. 

. COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, .lANIIAUY 11. 1805. 

Mr. Crowninshield, from the Committee on Commerce and Manufactures, to whom was referred the memorial of 
Thomas Ketland, of the city of Philadelpliia, merchant, made the following report: 

The petitioner, with John Ketland and James Williamson, all of Philadelphia, in June, 1799, purchased the 
ship Wasliington, in London. It is stated that the ship arrived in the Delaware, on tlie 4th of May, 1800, entered 
attne custom house in Philadelphia, on the 17th of said month, and cleared out for Batavia. on the 9th July following, 
at which time she received a sea letter, and other regular documents. 

The Washington is a foreign built ship, and by existing laws is not entitled to the benefit of an American re- 
gister. 

It appears that merchandise, on which the drawback was payable, was exported in the ship to Batavia, (the quan- 
tity not stated) which, having been previously imported in the same ship, had been charged with the additional ten 
per cent, on the duties. 

The collector retained this part of the drawback, under the direction of the act of the 13th of May, 1800, and 
which the petitioner is now solicitous should be refunded to him. 

The Committee of Commerce and Manufactures reported on this case at the last session of Congress, but the 
petitioner being of opinion that the committee have misconstrued the material facts upon which their decision was 
founded, solicits a revision, for reasons mentioned in his petition. 

On the 13th of May, 1800, Congress passed an act, in which it is declared that no part of the additional duties, 
payable on goods imported in foreign ships, should be drawn back on exportation. And on the 14th of April, 1802, 
another law was passed, declaring that the act above referred to, should not be deemed to operate upon unregistered 
ships or vessels, owned by citizens of tiie United States, at the time of passing tiie said act, in those cases where 
such ship or vessel, at that /ime, possessed a sea letter, or other regular document, issued from a custom house of the 
United States, proving such ship or vessel to be American property. 

At the last session, from the documents then exhibited, the committee concluded the ship sailed for Batavia 
without a sea letter, but they did not rest their decision on that point. It was material only to prove that the 
Washington, on the 13th of May, 1800, did not possess a sea letter, or any regular documents, issued from a custom 
house of the United States, proving her to be American property. It is stated, in that report, that the act of 1802 
did not mean "to extend its remedial operation, or to retrospect beyond the 13th of May, 1800: and the petitioner's 
case not coming within the limitation and description therein specified, there did not seem to be even an equitable 
claim on the Government, for the drawback of the additional duties," &c. 

A certificate from the collector of Philadelphia states that the ship cleared out for Batavia on the 9th of July, 
1800, and took out a sea letter and the usual documents; so that it is fully proved she does not come within the pro- 
visions of the act of April, 1803: for that act was only meant to operate in favor of vessels possessing a sea letter, 
&c. on the 13th of May, 1800. 

By looking at a document furnished the committee, it appears the petitioner places some dependence on the 
circumstance; that the ship's " Mumj/es/" was delivered to a revenue officer, on the 9th of May, but he acknow- 
ledges that the entry at the custom house was not made until the 17th of May. A manifest is not a regular docu- 
ment issued from the custom house; it is a memorandum or inventory of the inward cargo, to whom consigned, &c., 
and is generally niade out at sea, and is presented to any revenue officer who demands it, and a copy is always ne- 
cessary to be delivered previous to the entry. 

This paper furnishes no evidence whatever, that the owners of _the ship Washington ought to receive the allow- 
ance prayed for. Upon an impartial review of the whole case, therefoic, the committee are satisfied — 

1st. That the ship Wasliington, on the 13th of May, 1800, did not possess a sea letter, or any regular document 
issued from a custom house of the United States, proving her to be American property. 

2d. That, under existing laws, although the ship received a sea letter. &c. on the 9th of July, 1800, and may novir 
possess it, no goods or merchandise imported in that ship, after the date of the act of May, 1800, can be entitled to 
the allowance of the additional duties, as drawback upon their exportation, either in the same bottom, or on any 
other whatever. And further, the committee are fully convinced that unregistered vessels of the United States 
ought not to receive the same privileges, in our own ports, as those built within the United States, and entitled by 
the laws to the benefit of American registers; and the ship Washington's case clearly not being within the limits or 
provisions of the act of April, 1802, 

The committee submit th'jir opinion, that the prayer of the petition of Thomas Ketland ought not to lie granted. 



8th^ Congress^] No. 225. [2d Session. 

EXTENSION OF DUTY BONDS. 

commtinicated to the senate, on the 17th of January, 1805. 

7o (he Honorable the Senate and House of Representatives of the United States in Congress assembled, the petition 
of the subscribers, merchants, residing in the city of New York, respectfully showeth: 

That your petitioners are concerned in trade and navigation, to a considerable extent, between the port of New 
York and diiferent ports on the continent of South America; that, by the act, entitled " An act to regulate the col- 
lection ol duties on imports and tonnage," the terms of credit allowed for the payment of duties imposed on all 
" goods, wares, and merchandise, (other than wines, salt, and teas) imported from any other place than Europe or 
the West Indies," are as follow: one half of such duties payable in six months, one quarter in nine months, and the 
other quarter in twelve months from the date of eacli respective importation, as by the said act, to which your peti- 
tioners refer, may more fully appear; that, by a construction of the said act, adopted by the collector of the port of 
New York, which appears to your petitioners to be evidently founded in mistake, and which they are advised by 
counsel is certainly incorrect, your petitioners conceive that they have been much aggrieved by being obliged to 
give bonds to the said collector for the payment of such duties, on goods imported from the continent of South 
America, the one half in three months, and the other half in six months, and to pay such duties, accordingly, as in the 



IIQ ■■:: FINANCE. [1805. 



case of goods imported from the West Indies; that your petitioners are credibly informed, and believe, that a diflFer- 
ent construction of the said act, in this respect, has prevailed in several other.ports of the United States, and the terms 
of credit, first above mentioned, allowed, which your petitioners believe is obviously the intent and meaning of the 
said act;' that some of your petitioners have, at length, resisted the payment of the said duties at the periods claimed 
by the said collector of the port of New York, and have commenced a suit in the circuit court of the United States, 
in equity for the district of New York, in order to obtain a judicial determination of the credits allowed for the pay- 
ment of "such duties by the said act, but, at the same time, offering, in the said suit, to pay the duties in question therein, 
at such times as should be directed by the said court, which suit is still depending and undetermined; and your 
petitioners hoped that the mode so adopted, of settling the construction of the said act, if there existed any doubt 
concerning it, would have been deemecl proper, and that a judicial decision thereon would be regarded as regulating 
the subsequent practice under the same. But your petitioners have since been informed that some application or 
representation on this subject has been made to your honorable body, and that, in consequence thereof, a bill hath 
been introduced in the honorable the House of Representatives, proposing to alter or limit the terms of credit on goods 
imported into the United States from all places on the continent of South America, situated north ot the equator, 
to the periods of credit allowed for duties on goods imported from the West Indies. Your petitioners cannot but 
view the limitation proposed by the said bill as particularly injurious to then- interest, and to the prosperity of a trade, 
already extensive, antl in which a large portion of citizens of the United States are engaged; and your petitioners 
beg leave to represent, as an important consideration in favor of the periods of credit which they consider to be well es- 
tablished by the act a'oove mentioned, that the voyages to the usual places of trade on the continent of South Ame- 
rica; although north of the equator, are generally as long, and as difiicult and expensive, as the ordinary course of 
voyages to Europe; that, in the apprehension of your petitioners, the principal object or reason ol allowing a credit in 
the payment of duties on foreign imports is to enable the merchant, out of the proceeds of the sales of the goods im- 
ported, to reimburse himself the amount of such duties before they become payable; that, without a credit of suffi- 
cient length to answer this end, it can be of little importance whether any credit be, at all, given: for, if the amount 
of the duties are required to be paid before they can be realised from the proceeds of the imports on which they are 
charged, it imposes on the merchant the necessity of employing his capital, or a part of it, for the discharge of such 
duties, instead of applying to that object the proceeds of such imports. This would operate as a tax upon his capi- 
tal, and would necessarily tend to cramp and embarrass the negotiations of trade, and, consequently, instead ot 
increasing or aiding the revenue, would diminish its receipts. Your petitioners, therefore, apprehend that the true 
interests of the merchant and of the Government are, in this respect, the same, and that, considering the heavy duties 
already imposed on imports in general, it would be just as well as politic to allow a sufficient time of credit to enable 
the merchant to pay such duties out of the proceeds of the goods on which they are charged. Your petitioners also 
conceive that such credit, while it is at all times important to the merchant, cannot, when once in operation, prove, in 
any respect, material or detrimental to the revenue; and, in conformity to these ideas, your petitioners are also of opin- 
ion, and such they believe to be the opinion of a large majority of the merchants of this and other ports of the United 
States, that the periods of credit allowed on goods imported trom the West Indies are too short and injurious to that 
trade. And your petitioners are convinced, from experience, that the trade with the continent of South America 
cannot be carried on, without great disadvantage, except upon terms of credit for the payment of duties equally bene- 
ficial with those which they conceive themselves at present entitled to by law, and they therefore humbly pray that 
your honorable body will not pass any act to limit or curtail such credit. And your petitioners, &c. 

New York, January 9th, 1805. 



8t'a Congress.] No. 226. [2d Session . 



DRAWBACK ON REFINED SUGAR. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 21, 1805. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, to whom was referred the memorial of 
Moses Rogers, Edmund Seaman, and others, sugar refiners in the City of New York, having had the same under 
consideration, submited the following report: 

The memorialists are extensively concerned in the manufacture of refined sugar, in the city of New York, and 
are possessed of establishments adequate (as they state) not only to the supply of the home market, but also to the 
production of considerable quantities for exportation to foreign countries. 

They acknowledge thej' are protected by the present high duties on imported loaf sugar, to the extent ot the 
domestic demand, but, as their refineries are capable of producing still greater supplies, they pray that a drawback 
or bounty may be allowed on the exportation, to foreign countries, of all refined sugar in the United States, equiva- 
lent to the duty paid on the raw sugar employed in the manufacture. 

The committee beg leave to inform the House that similar applications have been frequently made to Congress, 
and it is almost unnecessary to add that the allowance prayed for has been invariably refused. At the last session 
of Congress, a lengthy, and, the committee thought, a conclusive report, was made on a resolution of the House "to 
inquire and report, by bill or otherwise, whether a drawback of duties ought not to be allowed on sugar refined in 
the United States, and exported to foreign ports and places;"' and the committee then offered their opinion, "that it 
would be improper, under existing laws and regulations, to allow a drawback upon the exportation of domestic refined 
sugar;" and this report was concurred in by the House. Notwithstanding the repeated decisions of Congress, the 
present memorialists have hazarded their application; but the committee cannot see that they have offered .any 
new or weighty reasons to induce them to alter their former opinions on this subject. 

If the committee are not mistaken, it will be found, upon examination, that the sugar refiners are the most favored 
body of manufacturers in the United States. Our commercial regulations seem opposed to all prohibitory duties, 
and to monopolies. These are in direct hostility to systems heretofore deemed valuable, are contrary to what is 
right and just between one citizen and another, and ought never to be indulged in a free country, except (which 
could seldom happen) where they are necessary for the safety and protection of the whole people. And where 
monopolies are granted, or where such high duties exist as enable a particular class of men to engross any article of 
general use in a community, they only tend to heap up wealth in the hands ot a few individuals, at the certain 
expense of the many. The duties on toreign refined sugar have been several times augmented to benefit the Ameri- 
can refiners, and since January, 1795, this sugar has been charged with the higli duty of nine cents per pound. It 
is denied the drawback on exportation, and cannot be imported in less quantities than six hundred pounds, nor in 
vessels of a less burthen than one hundred and twenty tons. The committee are at a loss to conceive the necessity 
of these severe restrictions. Sugar candy pays a duty, on importation, of eleven cents and one half tlie pound, and 
there can be no doubt that this extravagant duty was imposed with a view of favoring the sugar refiners. These 
high duties amount to almost a prohibition of the tWo articles: for, it is proved that they have been imported only in 
the most inconsiderable quantities, in late years, so that the sugar refiners possess the whole American market to 



1805.] DRAWBACKS ON REFINED SUGAR. II7 



themselves. They enjoy a certain monopoly in their business. No foreign loaf sugar can enter into competition 
with what they manufacture. Bengal and China sugar candy could be imported in considerable quantities, at very 
reasonable prices; and there is no better substitute ior refined sugar, either in the lumps, or wlien reduced to powder; 
but the present duty on that article excludes it altogether from fhe American market, to tiie injury of the East India 
trade— ii loss of revenue to the United States. :in(l to the benefit of no otiiei- persons but the sugar refiners. It might 
be supposed that these high protecting and prohibitory duties on the foreign article secured to the sugar i-efiners 
every important advantage which they could reasonably hope to receive. With the exclusive home trade, supply- 
ing the United States, upon their own confession, with every pound of refined sugar consumed in the country, charg- 
ing their own prices to the consumer, the foreign article excluded from our market, the wide range of speculation 
all their own, their profits great, and probably beyond any other manufacturer's in the United States, it was rather 
a matter of surprise to the committee, that the sugar refiners should expect further indulgencies. 

Witliout mentioning all the reasons that iiave occurred to the committee, against granting the allowance in ques- 
tion, they will suggest some of the objections to which it is liable. 

1st. The Louisiana sugar might be used in the manufacture, almost in spite of any regulation that could be 
safely introduced, (and at New Orleans it would be exclusively employed) and as it is not charged with any duty, 
the United States would, in many instances, be compelled to pay the allowance where they had leceived no equi- 
valent. 

•2d. It is well known that drawbacks are not payable on any goods and merchandise, after the expiration of 
twelve months, dating from the time of importation, and then only in cases where the original duties have been first 
received. If the crude sugar should lose the drawback, as it would in one year from the period of its importation, 
the price would be lowered in the market (presuming it was intended for exportation) in a sum equal to the duties 
and it must then be sold for home consumption, probably at a reduced rate. 

Now, sugar thus circumstanced, il purchased and manufactured by the refiners, could not be entitled to the 
allowance ot drawback, on any principle whatever; and when it is supposed that the surplus of raw sugar in our 
market will find its way to Europe in American bottoms, and when it is considered that, in a refined state, it is not 
a bulky article, it may be doubted whether its reduction of weight would, in cases of exportation, be so advantageous 
to the carrying trade of the United States as might at fiist be imagined. If the sugar is exported in its crude state, 
the freight would be double, and those merchant ships that ilepenued solely on freight would thereby derive at least 
a trifling advantage. 

Although the committee do not wish it to be inferred that they would recommend the exportation of the raw 
materials tound in our markets, in preference to those manufactured by American workmen, and reduced to lialf 
their ordinary bulk, merely for the benefit of the extra freight, yet, in respect to the article referred to, it becomes 
questionable whether the exporting merchant and ship owner do not now enjoy as great, or even greater advantages, 
than they would if bounties were allowed on refined sugar, to the extent of the quantity which could be manufactu'red 
for exportation from the United States. 

3d. As the raw sugar, in refining, undergoes a complete transformation, it would be difficult, if not impossible, to 
guard against some impositions in paying the bounty, and frauds might be attempted on the revenue. The custom house 
officers could not always attend at the sugar houses; and, however upright the intentions of the refiners and export- 
ers might be, the certificates must be multiplied, and such precautionary measures be introduced, as would embarrass 
the fair collection of the public revenue; and the allowance might perhaps tend, in some respects, to lessen its amount, 
and certainly it could not augment it. 

4th. Should the prayer'of the petition be granted, no good reason could be ottered why New England rum, distil- 
led from imported molasses, or cordage and cables manufactured from foreign hemp, and canvass made into sails, 
for the use of vessels, should not receive similar allowances. All the manufactured iron, too, which had paid a duty 
on importation in its unwrought state, would certainly be equally entitled to the benefit of such allowance; and 
domestic rum, sail cloth made up tor ship's use, cordage, and various articles of iron work, such as anchors, bolts, 
spikes, nails, and hoops, are exported from the United States in considerable quantities, and it is believed in value 
far beyond the whole amount of refined sugar which coukl possibly be disposed of to advantage in foreign markets, 
and yet the committee do not recollect that the distillers, rope makers, sail makers, or blacksmiths, have ever peti- 
tioned Congress for a repayment of the duties on the exportation of the articles employed by them, or connected 
with their respective occupations. 

The memoiialists allege that, in Great Britain, a bounty on the exportation of refined sugar is allowed, of forty 
shillings sterling per hundred weight. In Great Britain the duties on imports will average about thirty per cent, 
higher than those paid in the United States , and on sugar, in particular, the duty is twenty-six shillings and six pence 
sterling per hundred weight, exceeding five and one quarter cents a pound, or double the American duty; still, the 
drawback on refined sugar exported from England is by no means payable at a certain or fixed standard, and a 
table of English drawbacks, now before the committee, fully prove that different rates of drawback are allowed, vary- 
ing from forty shillings, when the price does not exceed forty shillings, to thirteen shillings, when the price is from 
sixty-eight to seventy shillings, per huntlred weight; and whenever tlie average price of sugar exceeds seventy shil- 
lings per iuindred weight, nothing is allowed, and it is presumed that sugar isotten at that price in England, exclu- 
sive of the duties. But, in the examination of this question, it is of little consequence what commercial regulations 
exist in other countries, so long as they do not affect our rights, and it is sufficient for us that we adopt sucii as are 
known to be beneficial, and most conducive to the interests of this nation; and individuals ought not to complain 
that other countries follow this or that system, under different circumstances, and that our laws are not shaped to 
operate for their exclusive a<lvantage. 

Protecting duties on such articles as we can conveniently manufacture have been a long time established in the 
United States; and surely the sugar refiners can have no complaints to offer on that point:lbr there, the committee 
trust, it has been proved they possess peculiar, if not exclusive advantages. Various other objections could be adduc- 
ed, to prove that Congress ought not to grant the allowance on the exportation of sugar refined in the United States, 
particularly while the present high duties are continued on loaf sugar, imported from Europe, and sugar candy, from 
the East Indies and China; but it is supposed to be quite unnecessary to enlarge a report already too much extended. 
The committee therefore respectfully submit the following resolution: 

Resolved, As the opinion of the Committee of Com njrce nwX Manufactures, that it is inexpedient to grant any ' 
allowance or bounty on refined sugar exported from the United States. 



16 ft 



118 



FINANCE [1805. 



8th Congress.] No. 227. [2d Session. 

PROTECTING DUTIES. T 

COMMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 22, 1805. 

Mr. Crowninshield, from the Committee on Commerce and Manufactures, to whom was referred the memorial of 
the Philadelphia Typographical Society, made the following report: 
The petitioners are desirous that Congress should impose greater duties on books imported into the United 
States. They are under apprehension that, after the conclusion of the present war in Europe, the English bookseller 
will be able to undersell the American in his own market; and, possessing a sincere conviction that their situation 
may be greatly ameliorated by restricting the constant and great importation of foreign books, they solicit an aug- 
mentation of the present rate of duties on ail books imported into the United States, probably with a view of in- 
creasing their profits, or, at least, of giving to the American booksellers the preference in their own market, and to 
which, the petitioners are of opinion, they ai e justly entitled. 

The Committee can entertain no doubt that the petitioners are extremely desirous of encouraging the manufac- 
ture of books in the United States; and, if the exclusive interest of printers and booksellers were alone to be con- 
sulted, it is probable the Committee might be induced to recommend the proposed augmentation in the duties; but, 
it will be recollected that Congress are legislating for the benefit of the whole American People, and not for the sole 
advantage of any particular individuals. 

At the last session of Congress, a law passed, declaring that rags of all sorts, for making paper, should be import- 
ed free of duty. The American paper is presumed to be cheaper here, than it can be imported from Great Britain, 
and, it may be supposed, we shall soon be able to supply the greater part of the demand for the domestic consump- 
tion of that article; so that foreign supplies will not be wanted, after a few years; and, although higher wages may be 
given for journeymen printers and bookbinders, it must be confessed that the Art of Printing has progressed more 
rapidly in the United States, than almost any other branch of machinery. This is a truth acknowledged by the peti- 
tioners, an(l assented to, with much pleasure, by the Committee; where, then, can be the danger that the English 
bookseller will be able to undersell the American in his own market.^' When it is considered that foreign books pay 
a duty of fifteen per cent, upon tiieir importation, and that, to this charge, the commissions and various shipping ex- 
penses at the place of exportation must be added, together with the freight and insurance, the whole amounting, at 
the lowest calculation, to forty per cent, in favor of, and as a direct encouragement to, the American printers and 
booksellers, it might be supposed that the petitioners were sufficiently protected, and that they need not be under 
any apprehension of foreign competition in their business. 

The great expenses which must necessarily attend the importation of European books into this country, if there 
was no other difference in their favor, will, it is hoped, give a decided advantage to the American bookseller. 

In the imposition of duties on imported books, or on any article whatever, it was never imagined that the mere 
importer became ultimately charged with the amount, or that the Government had not in view the collection of a 
revenue to defray the expenses, and complete the payments of engagements, for which the public faith stands pledged; 
but surely it could not be supposed that these duties were to be augmented, at any time, to so high a rate as to amount 
to a complete prohibition on the importation. If a revenue is to be collected, extravagantly high duties ought not to 
be laid; and, in their augmentation beyond a fair proportion, a diminution of the revenue may be expected. If the 
duties are raised to answer the design of the petitioners in its full extent, the consequence will be, that little, or no 
revenue will be derived from imported books; the petitioners will be exclusively benefited; they will charge their own 
prices for American books; there can be no competition, and the nation will be the only sufferers. 

The American People have still a great predilection for English printed books, notwithstanding it has been 
frequently proved that they can be as accurately and as elegantly printed here, as in any part of the world. The 
Committee see no reason why the price should be increased by additional duties, and they are unwilling to 
augment the charge to those readers, who prefer foreign publications to our own, especially when it is conceived that 
books of every description, whether of foreign or domestic manufacture, are, at present, sold atthe most extravagant 
prices in the bookstores throughout the United States. 

If the committee entertained an opinion tiiat the art of printing was not sufficiently protected in this country, they 
would consider themselves bound, immediately, to recommend the adoption of some measure, calculated to meet the 
wishes of the petitioners, but, for the reasons stated, and from the strongest conviction, that the proposed augmentation 
of the duties on books imported into the United States is unnecessary and inexpedient, at this time, they submit their 
opinion to the House- 
That the Board of Directors of the Philadelphia Typographical Society have leave to withdraw dieir petition. 



8th CoxGKEss.] . ^ No. 228. [ad Sesson. 

MI N T. 

COMMUNICATED TO CONGRESS, JANUARY 06, 1805. 

To the Senate and House of Representatives of the Uyiited States: 

I communicate, for the information of Congress, the report of the Director of the Mint, of the operations of 
that institution during the last year. 

TH: JEFFERSON. 
January 25, 1805. 



Mint of the United States, Philadelphia, \st Jayiuary, 1805. 

At the conimencement of the year, it is the duty of tiie Director of the Mint to communicate to Government the 
state of the mint, with its issues for the past year. 

The issues of silver coins, notwithstanding the mercantile embarrassments attending the importation of bullion, 
have greatly exceeded that of the year 1803, and the advantage of a public mint has been sensibly experienced, by 
the greatest part of the deposites being issued in small coin, which has been found very beneficial to the citizens, at 
large, under the late scarcity of Spanish tlollars, occasioned by the great exportation of them for mercantile 
purposes. ^ 



1805.1 



THE MINT. 



119 



The quantity of gold bullion has been equal to that of tiie last report; so that, in the past year, the coinage of tiie 
precious metals has amounted to three liundred and tifty-eight thousand nine hundred and eighty-three dollars. 
The particulars will appear by the schedule No. 1, herewith, to which the Director begs leave to refer. 

It is worthy of the President's attention, that about eleven thousand dollars of the gold coin is the produce of 
virgin gold, found in the county ()f Cabarrus, in the State of North Carolina, where, it is said, a considerable quantity 
has been found since, which will, in all probability, be forwarded to the mint. It is to be regretted that this gold 
is melted into small ingots before it is sent to tlie mint, for the convenience of carriage; but, by which, there is rea- 
son to believe, a considerable portion of it is wasted. It is also said, that the finest particles are neglected, and 
only the large grains and lumps sought after. 

The increased price of copper in Europe, and the quantity on hand have been thought sufficient reason to con- 
fine the coinage of cents to one press; and from the last accounts from Europe, co])per is likely to be consider- 
ably increased in price, which will render the coinage of cents less profitable. The past year tiiere liave been 
issued seven hundred and fifty-six thousand eight hundred and thirty-eigiit cents, and one million ami fifty-five 
thousand three hundred and twelve half cents — equal to twelve thousand eight hundred and forty-four dollars and 
ninety -four cents, as appears by the same schedule. No. 1. The amount ot' the cost of copper, ant! profit on the 
the whole coinage of cents this year, will be seen by schedule No. 2. 

The coinage of the year amounts, in the whole, to tiie sum of three hundred and seventy-one thousand eiglit 
hundred and twenty-seven dollars and ninety-four cents; and the number of pieces to two millions fi)rty-six thou- 
sand eight liundred and thirty-nine. 

The expenses of the mint, for the past year, will appear, by schedule No. 3, to be reduced to a trifle more than 
sixteen thousand dollars. 

The Director thinks it his duty to mention to the President, that very considerable difficulty, as well as danger, 
may arise to the public, from the officers and workmen of the mint being exposed to be called out to attend militia 
meetings, or on detachments. When large deposites of the precious metals are passing through the mint, and, par- 
ticularly when in fusion, it may be of the most dangerous consequences to have the officers and men called away, 
or be liable to fines for non-attendance- It is too important a trust to be thus exposed. The President, in his wis- 
dom, will provide against this evil. 

ELIAS BOUDINO T, Director. 

To the President of the United Slates. 



No. 1. 
Jin abstract of the Coins struck at the Mint of the United States, from the 1st January to the ZUt December, 1804. 

Silver Coins. 



Total amount of Gold Coins, 

Copper Coins. 





Dollars. 


Half DoUars. 


Qua'r Dollars. 


Dimes. 


Dolls. Cts. 


Totals. 


Quarter ending in March, 
Ditto June, 
Ditto September, - 
Ditto December, - 


19,570 


30,619 

103,100 

22,800 


6,738 


8,265 


19,570 00 
17,820 50 
51,550 00 
11,400 00 




191,092 pieces of silver coins, - 


19,570 


156,519 


6,738 


8,265 






T 


jtal amount of Silver Coins, - . . . 
Gold Coins. 


$100,340 50 




Eagles. 


Half Eag-Ies. 


Quarter eag'les 


Dolls. Cts. 




Quarter ending in March, 
Ditto June, 
Ditto September, 
Ditto December, 


1,401 
8,394 


22,822 

5,410 
2,243 


3,327 


114,110 00 

22.327 50 
27,050 00 
95,150 00 




43,597 pieces of Gold Coins, - 


9,795 


30,475 


3,327 







258,642 50 





Cents. 


Hal^C nts. 

4) 


Dolls. Cts. 




Quarter ending in March, . - - - - 
Ditto June. ----- 
Ditto September, . - - - 
Ditto December, . . - - 


160,000 
308,500 

8,500 
386,838 


399,000 
267,000 
176.542 
232,770 


3,495 00 

4,100 00 

377 00 

4,082 00 




1,812,150 pieces Copper Coins, - - - - 


756,838 


1,055,312 






Total amount of Copper Coir 

Total number 2,046,839 pieces of Coins. 

Amount of Coins struck at the mint in 1804, 


is. 


■ 




12,844 94 
$371,827 94 



Mint of the United States, Treasurer's Office, 7 
Philadelphia, 31s^ December, 1804. 3 



BENJAMIN RUSH. 



120 



FINANCE. 



[1805. 



No. 2. 



Statement of the gain on Copper coined at the Mint of the United States, from \st January to Slsi December, 1804. 



Mint of the United States, Treasurer's Office, 7 
Philadelphia, 3lst December, 1804. 5 



1803. 












Dpr ember 31, 


. 


10,950 83 


Amount remaining in the hands of the chief 












coiner, as per abstract rendered, on whicli 






1804. 






there was a profit of - - - 


2,029 10 




November 12, 






Deduct returned by him 51 92, spoiled plan- 
chettes, allowed him for difference in weight, 
173 97 on copper returned 7th November, 
1803. 










225 89 


. 


225 89 






10.724 94 








1.803 21 


'■'■ 28, 


14,061 66^ 


Amount of invoice of copper entered 31st De- 










cember, 1803. and delivered to the chief 
coiner this day. on which there is a profit 
of - 


2.615 m 




December 31. 


. 2,520 00 


11,941 66| 


Deduct so much yet remaining in the hands 
(\^ the rhipf roiner uiiroiiied. wJiich will 










take a proportion of above profit of 
Amount of copper coined in 1804. 


2,221 lOi 






$12,844 94 


.. 












Amount of profit in coining said sum. 




394 31 




- 




$2,597 52 



BENJAMIN RUSH. 



No. 3. 
An Mstract of the expenditures of the Mnt of the United States, from the \st January to 3lst December, 1804. 





Salaries. 


Wag-es. 


Incidentals. 


Totals. 


1804. Quarter ending in March, ----- 
Ditto June, ----- 
Ditto September, - . - . 
Ditto December, _ - - - 


2,650 
2.650 
2,650 
2.650 


1,102 26 
1,074 31 
1,125 17 
1,073 49 


183 36 
242 04 
341 48 

482 69 


3.935 62 
3.966 35 
4,116 65 
4.206 18 




10,600 


6,375 23 


1.249 57 








Amo 


unt. 


$16,224 80 



Mint of the United States, Treasurer's Office, 7 
ViiihM>ELVHiA,3\stDece7nber, 1804. 3 



BENJAMIN RUSH. 



8th Congress.] 



No. 229. [2d Session. 



SINKINGFUND. 

communicated to the senate, FEBRUARY 5, 1805. 

The Commissioners of the Sinking Fund respectfully report to Congress as follows: 

That the measures which have been autliorized by the Board subsequent to their report of the 4th of February. 
1804. so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury to 
this Board, dated the fourth day of the present month, and in the statements therein referred to. which are herewith 
transmitted, and prayed to be received as part of this report. 

A. BURR. President of the Senate. 
1. MARSnXhh. Chief Justice of the United States. 
. ., ALBERT GALLATIN. Secretary of the Treasun/. 

Washington, February 5, 1805. 



The Secretary of the Treasury respectfully reports to the Comissioners of t!ie Sinking Fund — 

That the balance remaining unexpended at the close of the year 1802, and applied to payments falling due after 
that year, which balance, as appears by the statement F, annexed to the last annual report, amounted to two 
millions six hundred and fifty -six thousand nine hundred and thirty-three dollars and eight cents, $2,656,933 08 

Together with the disbursements made during the year 1803, out of the treasury, on account of the 
principal and interest of the public debt, which disbursements, as appears by the statement G, 
annexed to tiie last annual report, amounted to seven millions three hundred and twenty-seven 
thousand seven hundred and twenty-one dollars and fifty-nine cents, - - -" - 7,327,72159 

And amounting altogether to nine millions nine hundred and eighty-four thousand six hundred and 

fifty-four dollars and sixty-seven cents, --...-.- $9,984,654 67 



1805.] THE SINKING FUND. jgj 



Have been accounted for in the following manner, viz: 

1. There was repaid into the treasury, during the year 1803, on account of the principal of protested bills, and of 
advances made to commissioners of loans, as appears by the statement I, annexed to the last annua! report, a sum 
of thirteen thousand one hundred and seventeen dollars and forty-eight cents, - - - $13,117 48 

0. The sums actually applied during the same year, to the payment ot the principal and interest of 
the public debt, as ascertained by accounts rendered to the Tieasuiy Department, amount, as 
will appear by the statement A, to eight millions six hundred and twenty-two thousand four hun- 
dred dollars and sixty-eight cents, viz: 

1. Paid in reimbursements of the principal of the debt, - - - $4,727,788 44 

3. Paid on account of the interest and charges on the same, - - - 3,894,612 24 



8,622,400 68 



3. The balance remaining unexpended at the close of tlie year 1803, and applicable to payments fall- 
ing due after that year, as ascertained by accounts rendered to the Treasury Department, 
amounted, as will appear by the statement B, to one million three hundred and forty nine thousand 
one hundred and thirty-six dollars and fifty one cents, ---... 1.349,13651 



3,984,654 67 



That, during the year 1804, the following disbursements were made out of the treasury, on account of the principal 

and interest ot the public debt, viz: 
1. On account of the reimbursement and interest of the domestic funded debt, - - - $4,612,17106 

9. On account of domestic loans obtained from the Bank of the United States, viz: 

On account of the principal, -.-.-.- $250,000 00 

do. do. interest, ---.... 60,593 68 

310,593 68 

3. On account of the domestic unfunded debt, - - - - - - - 653 37 

4. On account of the principal and interest of the foreign debt, and of the interest on the Louisiana 

stock, .-------.--. 3,336,427 44 



Amounting altogether, as will appear by the annexed list of warrant C, to eight millions two hundred 

and fifty -nine thousand eight hundred and forty-five dollars and fifty-five cents, - - $8,259,645 55 

"Which disbursements were made out of the following funds, viz: 

1. From the moneys appropriated by the 3d section of the act of lOth November, 1803, for paying the interest ac- 
cruing on the Louisiana stock, to the end of the year 1803, . . - . . $22,499 93 

2. From the funds constituting the annual appropriation of $8,000,000 for the year 1804, viz: 

From the fund arising from interest on the debt transferred to the commissioners of the sinking 
fund, as per statement I, ------- - $366,223 50 

From the funds arising from the sales of public lands, being the amount of moneys paid 
ijito the treasury, from the 1st October, 1803, to the 30th June, 1804, as per state- 
ment K, - -. - - - - - . - - - 324,021 66 

From the proceeds of duties on goods, wares, and merchandise, imported, and on the 

tonnage of ships or vessels, --...-. 6,556,518 44 

Amounting, altogether, to ------- - 7,216,763 60 

Which sum of -.--------- 7,246,763 60 

Together with the sum advanced during the year 1803, on acount of the appropiiation 

for the year 1804, and amounting, as appears by the last annual report, to - 753,236 40 

Makes, in the whole, the annual appropriation for the year 1804, of - - $8.000,000 00 

3. From the proceeds of duties on goods, wares, and merchandise, imported, and on the tonnage of 

ships or vessels, advanced in part, and on account of the annual appropriation for the year 1805, 829,901 59 

4. From re-payments in the treasury, on account of remittances purchased for providing for the 
foreign debt, and of advances made to commissioners of loans, as will appear from the statement 
F, viz: 

Re-payment of the puchase money, and advances, . - - . $121,446 51 

Damages and interest recovered. ---..- 32,370 91 



153,817 42 



5. From the moneys appropriated by law, for paying commissions to agents employed in the purciiase 
of remittances for the foreign debt, being the amount paid at the treasury, during the year 1804. 
for that object, and will appear by the statement C, ----- - 6,863 01 



8,259,845 55 
That the abovementioned disbursements, together with the above stated balance of - - 1,349,136 51 

which remained unexpended at the close of the year 1803, and with a further sum, arising from 
profit on remittances, purchased in the year 1804, and amounting, as will appear by the state- 
ment D, to - - - - - - - - - ■ - • 45,049 25 



And amounting, altogetlier, to nine millions six hundred and fifty-four thousand and thirty-one dollais 

and thirty -one cents, ------- - . . $9,654.031 31 

will be accounted for in the next annual report, in conformity with the accounts which shall then have been 
rendered to the Treasury Department. 
That, in the meanwhile, the manner in which the said sum has been applied, is estimated as follows, viz: 

1. The re-payments in the treasury, on account of principal, have, during the year 1804, amounted, as by the above- 
mentioned statement E, to - - - ~ - - - - - - $121,446 51 

2. The sums actually applied during the year 1804, to the payment of the principal and interest of 
the public debt, are estimated as tbllows. viz: 

1. Paid in reimbursement of the principal of the public debt, - - - $3,205,248 52 

2. Do. on aoccunt of the interest and charges on the same, as will appear by the 

estimate F, --.-.... 4,006.799 G9 

7,212,048 21 

3. The balance remaining unexpended at the close of the year 1804. and applicable to payments fall- 
ing due after that year, is estimated, as per estimate G, at ----- 2,320,53659 

$9,654,031 31 



122 



FINANCE. 



[1805. 



That no purchases of tlie debt of the United States have been made since the date of the last report to Congress, 
and that the statement H exhibits the amount of stock transferred to the commissioners of the sinking fund, in 
trust for the United States, to the 31st December, 1804, including the sum of $12,730 27, being the aggregate of the 
several species of stock transferred in the year 1604, in payment tor pnblic lands. 

All which is respectfully submitted. , ^ 

ALBERT GALLATIN, Secretary of the Treasury. 
Treasury Department, February 4, 1805. 



A. 

Statement of the Jipplkation, during the year 1803, of the Funds provided for the payment of Principal and 

Interest of the Public Debt. 

I. Payments on account of the Principal of the Public Debt. 

1. On the domestic debt, viz: 
Reimbursement of old six per cent, stock, 

Do. deferred do. . . . 

As per treasury report No. 15,936. 

2. Domestic loans reimbursed, .... 

3. Unfunded debt, viz: 
Debt due to foreign officers, including arrears of interest. 
Certain parts of domestic debt, 

4. On the foreign debt, viz: 

1st instalment of loan of 3,000,000 of 1st January, 1792, 



3d do. 2,000,000 do. 

4th do. 3,000,000 do. 

2d & 3d do. 2,500,000 do. 

5th do. 1,000,000 do. 

1st do. 2,950,000 do. 

Loan of 1,000,000 do. 

2d & 3d do. 6,000,000 do. 

1st & 2d do. 2,050,000 do. 



February, 1784, 



do. 
March, 
June, 

do. 

do. 
Sept., 
Dec'r. 



1790, 
1791, 
1788, 
1792, 
1793, 
1791, 
do. 



A 



itwerp. 



At 40 cents, 



$907,411 39 




308,180 31 






$1,215,591 70 




• 


500,000 00 


12,123 31 




12,073 43 






24,196 74 




Guilders. 




600,000 




250,000 




600,000 




1,000,000 




200,000 




600,000 




1,000,000 




2,400,000 




820,000 




7,470,000 




. 


2,988,000 00 




4,727,788 44 



10 



//. Payments on account of the Interest and Charges on the Public Debt. 

1. On the domestic debt, viz: 

Interest for tlie year 1803, on the several species of stock, constituting the domes- 
tic funded debt, as settled at the treasury, . . .3,381,796 85 

From winch deduct this sum, being so much gained by rejecting 
mills in paying dividends, . 

2. Interest on domestic loans, 
3d. On the foreign debt, viz: 

Interest paid at Amsterdam, 
Do. Antwerp, 



At 40 cents. 
Premiums on loan of 1st February, 1804, 

At 40 cents 
Commissions and charges, viz: 

At Amsterdam, 

At Antwerp, .... 



At 40 cents, 
Commissions on purchase of bills in America, 
Lossin exchange.i'i.) . . . . 



Guilders. 
. 929,655 
81,487.10 


$404,457 00 
6,000 00 

20,358 49 


3,381,796 75 
82,000 00 


(a.)l,011,142.10 
15,000 


- 


. 15,647,18.8 
. 7,724,08.0 


, 


23,372.06.8 




. $9,348 93 
4,957 11 
6,052 45 






430,815 49 

, T fiOi C] CI cii 




e year 1803, 


lie debt, during th 


$8,622,400 68 



1805.] THE SINKING FUND. 223 

NOTES TO STATEMENT A. 

(rt) The interest regularly due for 1803, on the Amsterdam and Antwerp debt, was . Guilders, 981,800.00 

To which add for the following items: 

1. The 1st instalment of the Antwerp loan, due on the 1st December, 1802, was, through some mis- 
apprehension on the part of the banker, paid only on the 1st May, 1803, the interest for that 
period, amounting to ......... 7,687.10 

2. the 3d instalment of the loan of 1st March, 1791, ami payable 1st March, 1804, was 

paid by anticipation, on the 1st November, 1803, the interest from that day to the 
1st March. 1804, was saved, and the interest from 1st March 1803 to 1st November, 

1803, was paid, together with the principal, ...... 16,675.00 

3. The third instalment of the loan 1st September, 1791, and payable 1st September. 

1804, was paid by anticipation on the 1st October, 1803, the interest for eleven months 

was saved, and one month's interest paid, together with the principal, . . 4,980.00 

29.342.10 



Guilders, 1,011,142.10 



{b.) Loss on exchange, viz: 

On bills pucrhased in 1803, as per statement H. annexed to the last 

annual report, . '. . Guilde rs 4,125,M0 10 01 Cost, $1,674,057 21 

Deduct a bill on wiiich, it having been protested, 

no loss of exchange was incurred, . 50,000 00 00 do. 20,500 00 



At par. 


4,075,840 10 01 
Sterling,',£l09,585 17 08 


do." 


1,653.557 21 
1,630,336 21 


Loss, 
At par. 


$23,221 00 

$488,453 86 
487,048 36 



Remitted to Amsterdam, . .do. 129 10 07 G;<<7f/e/-s, 1,431 09 00 

At par, ..... 1,4390400 



1,405 50 



From which deduct, gained, viz: loss, . . . . . 7 15 00 3 10 

Remitted from London to Amsterdam, Sterling, £70,000 do. 27.092 17 00 

Do. do. do. do. 80,587 14 07 do. 25,267 09 08 



24.629 GO 



do. 52,860 06 08 



At 40 cents, ..... 20,944 13 

Deduct ciiarges and commissions in London, . . . Sterling, ^6704 00 06 

At 4s. 6d. ....... 3,129 00 



17,815 13 
On remittances from Amsterdam to Antwerp, . . . Guilders, 1,905 01 

At 40 cents, . . . . . .762 02 



18,577 15 



Total loss on exchange, in 1803, . $6,052 45 
Treasury Department, Register's Office, February 1st, 1805. 



JOSEPH NOURSE, Register. 



B. 



Statement of the provision made before the 1st day of January, 1804, for the payment of the Principal and Interest 

of the Public Debt falling due after the year 1803. 

I. On account of the Foreign Debt. 

1. Casii in the hands of commissioners and agents, in Europe, viz: 

In Amsterdam, as per treasury settlement 

No. 15.416, . . . Guilders, 2,152,072 14 8 (a) 

From which, ileducting a bill credited by the 
commissioners, in 1803, but not paid for at 
the treasury till 1804, . . . 59,500 00 

Leaves a balance of . . Guilders, 2,092,572 14 8 

Deduct a balance due in Antwerp, (i) . 416 11 

2,092,156 03 8 



At 40 cents, $836,862 47 
In London, as per account rendered by 

Sir Francis Baring & Co. . sterling £2,664 12 00 

At 4.S. 6d. 11,842 67 



2. Amount of remittances paid for at the treasury, and remitted on or before the 
31st December, 1803, which are credited by the commissioners or agents 
in their accounts for 1804, viz: 
Remitted to Amsterdam, (c) . Guilders, 697,051 00 

At 40 cents, 278,820 40 
Do. to London, (</) . sterling £3,000 

At 4s. 6d. 13,333 33 



$848,705 14 



3. Amount of payments made at tlie treasury before the 31st December, 1803, 
for remittances which have been protested for non-payment, and which, 
on that day, had not been repaid into the treasury, (e) . . . 224.500 00 



292,153 73 

$1,365,356 S7 



224 FINANCE. [1805. 



II. Deduct, on account oj the Domestic Debt: 

The demands unsatisfied on the 1st January, 1804, were as follow, viz: 

1. Dividends payable by Commissioners of Loans, including that due on that day, and exclu- 
sively of unclaimed dividends, no longer demandable at their offices, $1,233,043 74 

2. Unclaimed dividends, payable at the treasury, .... 8.78255 



The provision made for that object, was as followeth, viz: 

1. Cash due from deceased Commissioners of Loans, . $1,346 51 

3. In the hands of acting Do. Do. . 1,223,257 42 



^1,240,826 29 



1,224,603 93 



Leaving the amount wanted to meet all the demands to 1st January, 1804, . . . 16,232 36 



Total amount of provision for public debt,, remaining unapplied on 31st December, 1803, . $1,349,136 51 



KOTES TO STATEMENT B. 

(a) The account, as settled at the treasury, states the balance at 

From which, deducting the suspended items, as explained in last annual report, 



Guilders, 2,214,342 11 8 
62,269 17 



Leaves the amount here stated, . . . . . . . . ' . 2,152,072 14 8 



(6) Mr. De Wolf has rendered his account only to 18th July, 1803, on which day the balance 

due to him, was . ........ Guilders, 1,616 11 

The payments at Antwerp oy 1st December, 1803, for principal and interest, were . 483,800 00 

485,416 11 
The remittances made to him to meet those payments, and which he had not yet received at the 

date of his last rendered account, amount to ..... . 485,000 00 



Leaves the balance due him, exclusively of charges which may appear in his next account, 416 11 



(c) The following statement proves the sum of Guilders 697,051, as here stated, to be correct: 

Balance in the hands of commissioners at Amsterdam and Antwerp, on 31st December, 1802, as per 
statement F, annexed to the last annual report, . . . . Guilders, 993,268 03 2 

Remittances paid for, previous to 1803, and credited by the commissioners in their accounts 

for that year, as per ditto, 5,288,497 06 

Do. purchased in 1803, as per statement H, annexed to the last annual 

report, ....... Guilders, 4,125,840 10 6 

Do. do. do. do. sterling ^6109,585 17 08 

At par, 1,217,620 18 
Profit on exchange of remittances from London to Amsterdam, and 
from Amsterdam to Antwerp, as per note (6.) to the preceding 
statement A, ...... $18,577 15 

Deduct loss on bill of sterling £129 10 07, remitted to 

Amsterdam, per do. . . . . . 3 10 

18,574 05 
At 40 cents, 46,435 02 8 



5,389,896 10 14 
Guilders, 11,671,662 00 00 



Amount applied to principal and interest of Foreign Debt, in 1803, as per statement A, viz: 

For principal, 7,470,000 00 00 

Interest, 1,011,142 10 00 

Premiums, 15,000 00 00 

Commissions and charges, . . . 23,372 06 08 

1,049,514 16 08 

l_J 

Bills purchased in 1803, protested for non-payment, as per statement E, annexed to this 
report, viz: 

L. A- Tarascon, 50,000 00 00 

Stephen Girard, . . . sterling £22,600, at par, 250,000 00 00 



8,519,514 16 08 



300,000 00 00 



Cash in hands of commissioners at Amsterdam and Antwerp, on 31st December, 1808, as 

per this statement, . . . ... . . .. 2,092,1560308 

Remittances to London, paid for in 1803, and remaining unapplied on do., as per do., viz: 

InhandsofF. Baring, & Co sterling £2,664 12 00 

Credited by Do. in his account for 1804, .... 3,0000000 

steriing £5.664 12 00 

At par, 62,940 00 00 

Balance of outstanding remittances to Amsterdam, as per this statement, . . 697,051 00 00 



As per above, . . . Guilders, 11,671,662 00 00 



1805.] 



THE SINKING FUND. 



125 



(rf) The sterling bills purchased in 1803, on account of the Foreign Debt, amounted, as per statement H, annex- 
ed to last year's report, to ....... sterling £109,585 17 08 



Which are accounted for as followeth, viz: 

Stephen Girard's bill, protested for non-payment, 
Bill remitted from America to Amsterdam, 
Do. remitted from London to Amsterdam, 
Charges on said remittance. 
Balance unapplied on 31st December, 1803, viz: 

In hands of F. Baring & Co. 

Credited by Do. in 1804, as here stated, 



2,664 12 00 
3,000 00 00 



22,500 00 00 
129 10 07 

80,587 14 07 
704 06 00 



5,664 12 00 



Sterling £109,585 17 08 



(e) Statement of protested bills outstanding 31st December, 1803: 



Purchased, 

Before 1802, ^Prager's bill. 

In 1802, 
In 1803, 



. Guilders, 120,000, 

rown's do 60,000, 

CBrown& Hackman's do. . . 60,000, 

iBeal Ovvings', do. . . . 20,000, 

CL. A. Tarascon's do. . . • 50,000, cost 20,500^ -,,,„ ... ,. ,... 

i Stephen Girard's do. . sterling £22,500, . loo^oj ^1^0,500, recovered in 1804. 



$48,000~J 
24'oq[| S $104,000, yet in suit. 

B^OOOJ 



$224,500 



The protested bills outstanding on the 31st December, 1802, amounted, as per statement F, annex- 
ed to last annual report, to ......... . 

The repayments, in 1803, of the principal of protested bills, amounted, as per statement J, annex- 
ed to last annual report, to . . ........ 

Leaving, outstanding, of those bills, .... ..... 

Bills purchased in 1803, and which, having been protested, remained outstanding at the close of 
that year, as per above, .......... 



$115,070 
11,070 

104,000 
120,500 

$224,500 



Treasury Department, Register's Office, February 1st, 1805. 

JOSEPH NOURSE, Register. 



C. 



List of Warrants drawn according to law, during the year 1804, on the Treasurer of the United States, on account 

of the reimbursement ana interest of the domestic debt. 



No. of 




Date. 




Warrants. 








4586 


February 


29, 1804. 




4592 


March 


5, 


- 


4593 


a 


44 


- 


4594 


a 


44 


- 


4595 


44 


44 


- 


4626 


44 


19 


- 


4627 


44 


.4 


- 


4628 


44 


44 


- 


4629 


a 


44 


- 


4630 


44 


44 


- 


4631 


44 


44 


- 


4637 


44 


21, 


- 


4641 


44 


23, 


- 


4644 


44 


24, 


- 


4661 


t* 


28, 


- 


4662 


4k 


i^ 


- 


4664 


44 


l.i> 


- 


4887 


May 


31, 


- 


4888 


44 


4k 


_ 


4889 


4C 


44 


_ 


4890 


44 


44 


- 


4891 


44 


44 


_ 


4898 


June 


6, 


_ 


4915 


44 


18, 


- 


4916 


44 


44 


- 


4917 


44 


44 


- 


4918 


4. 


44 


- 


4919 


44 


44 


- 


4927 


44 


25, 


- 


4928 


44 


44 


- 


4929 


44 


44 


- 


4930 


44 


27, 


- 


4931 


44 


44 


- 


4933 


44 


44 


- 



In whose favor. 



17 



tt 



James Davidson, Jun. 
William Gardner, 
Sherwood Haywood, 
John Neufville, 
James Alger, 
Thomas Perkins, - 
Jabez Bowen, 
William Imlay, 
James Nicholson, - 
Merewether Jones, 
James Ewing, 
Benjamin Harwood, 
John Stockton, 
Stephen Moylan, - 
George Simpson, - 
James Davidson, Jun. 
Thomas T. Tucker, 
James Alger, 
John Neufville, 
Sherwood Haywood, 
Merewether Jones, 
William Gardner, 
James Davidson, Jun. 
James Ewing, 
William Few, 
William Imlay, 
Jabez Bowen, 
Thomas Perkins, - 
Stephen Moylan, - 
John Stockton, 
Benjamin Harwood, 
George Simpson, - 
James Davidson. Jun. 
Thomas T. Tucker, 



Sums. 



$8,782 55 
6,300 00 
1,600 00 
37,000 00 
1,500 00 
163,000 00 
11,700 00 
22,000 00 
160,000 00 
12,500 00 
6,800 00 
12,210 30 
2,560 54 
188,746 61 
181,810 97 
34,502 00 
2,166 87 
1,000 00 
37,000 00 
1,550 00 
11,000 00 
6,400 00 
6,287 23 
5,750 00 
235,000 00 
21,000 00 
12,000 00 
170,000 00 
195,243 34 
2,628 33 
12,553 79 
102,130 45 
33,875 03 
2,166 87 



126 




FINANCE. 


[1850. 


B— Continued. 


No. of 


Date. 


In whose favor. 


Sums. 


Warrant. 








5030 


July 10, 


James Davidson, Jun. 


$1,346 34 


5124 


September 5, 


Do. - 


7,217 15 


5125 


6, ■ - 


James Alger, 


750 00 


5126 


" " 


Sherwood Haywood, 


1,800 00 


5127 


" "• 


Merewether Jones, 


12,500 00 


5128 


"■ " - - 


William Gardner, 


6,500 00 


5129 


" " 


Josiah Smith, . . . 


37,500 00 


5144 


18, 


James Ewing, - - . 


5,700 00 


5145 


" " 


William Few, 


235,000 00 


5146 


" " 


William Imlay, 


21,650 00 


5147 


" " 


Jabez Bowen, 


12,000 00 


5148 


" " 


Thompson I. Skinner. 


165.000 00 


5149 


tt 44 '■ . '■ ■ 


Benjamin Harwood, 


11,916 33 


5153 


" 21, 


Stephen Moylan, - 


197,295 50 


5157 


24, 


John Stockton, 


2,838 70 


5161 


" 27, 


George Simpson, - - - 


98,246 77 


5162 


" ■ 


James Davidson, Jun. 


33,101 73 


5164 


44 44 ' 1.' - 


Thomas T. Tucker, 


2,166 87 


5327 


November 12, 


James Davidson, Jun. 


654 05 


5363 


December 4, 


James Alger, . - - 


1,500 00 


5364 


44 4 4 ■ _ 


John Neufville, 


73,000 00 


5365 


44 44 


Sherwood Haywood, 


2.500 00 


5366 


4 4 44 ■ _ 


William Gardner, 


13,000 00 


5375 


12, 


Merewether Jones, 


23,000 00 


5383 


15, 


William Imlay, - - - 


43,500 00 


5384 


ii ki 


Jabez Bowen, 


20,500 00 


5385 


4 k i<. 


Benjamin Austin, Jun. 


318,000 00 


5391 


'" 19, 


Edward Hall. 


22,131 07 


5392 


44 " • . 


William Few, 


450,000 00 


5393 


44 4 4 


James Ewing, 


11,000 00 


5400 


" 21, 


James Davidson, Jun. 


9,183 34 


5402 


22. 


John Stockton, 


5,159 03 


5405 


" 24, 


Stephen Moylan, - 


344,480 29 


5408 


" OQ 


Thomas T. Tucker, 


3,348 84 


5409 


44 44 


James Davidson, Jun. 

Thomas T. Tucker. - $91,460 53 


19,675 01 


4663 


Marcii 28, 




4932 


June 27, 


Do. - - 91,495 79 




5163 


September 27, 


Do. - - 91,581 45 




5407 


December 29, 


Do. - - 91,685 73 




5406 


44 44 


Do. - - 324,021 66 


690,245 16 








$4,612,171 06 



No. 2. 

List of Warrants drawn according to law during the year 1804, on the Treasurer of {the United States, on account 
of the repayment of principal of moneys borrotved of the Bank of the United States. 



No. of Warrant. 


Date. 


In whose favor. 


Sums. 


5325 
5326 


1804. Nov. 12. 

44 44 


President, Directors, and Company, of the Bank of the 
United States, on account of 2.000.000 dollars, obtained 
31st of December, 1794, - 

Ditto, on account ot 500,000 dollars, obtained 3Ist Decem- 
ber, 1795, -----... 


$125,000 00 
125,000 00 




$250,000 00 



No. 3. 

List of TVarranls drawn according to laiu during the year 1804, on the Treasurer ofths United States, on account 

of the interest on domestic loans. 



No. of Warrant. 


Date. 


In whose favor. 


Sums. 


4522 
4523 
4607 
4608 
4609 
5027 
5028 
5029 


Jan. 19, 1804, 

44 

March 10. 

44 
44 

July 10. 

44 
44 


James Davidson, Jr. - - - - . 
Ditto, ----.. 
Ditto, .---.. 
Ditto, ---.., 
Ditto, --.... 
Ditto, ---... 
Ditto, --.... 
Ditto, ---... 


$15,000 00 

6,000 00 

10,043 02 

1,819 68 

480 98 

15,000 00 

6,250 00 

6,000 00 




$60,593 68 



1805.] 



THE SINKING FUND. 



127 



No. 4. 

List of Warrants drawn according to law, during the year 1804, on the Treasurer of the United States, on account 

of the reimbursement of capital and interest of the Butch Debt. 



No. of 


Date. 


In whose favor. 


Sums. 


Warrant. 








4515 


January 17, 1804, 


David Harris, - - - 


$4,000 


4519 


' 18, 


George Simpson, 

Jona. Burrall, ... 


36 50 


4529 


24, 


212 43 


4537 


30, 


David Harris, . . .. 


1,400 


4548 


February 6, 


Do. 


1,000 


4577 


21, 


George Simpson, 
Do. 


.5,000 


4583 


25, 


4,800 


4585 


28, 


Smith Ridgway and others, 


32,000 


4588 


March 1, 


George Simp.son, 


8,000 


4590 


3, 


David Harris, . . - 


7,200 


4599 


6, 


Jona. Burrall, 


41,066 50 


4G00 


6, 


David Harris, 


1,600 


4602 


8, 


Do. 


10,000 


4610 


12, 


Smith Ridgway and others, 


25,000 


4611 


12, 


George Simpson, 
David Harris, 


12,000 


4618 


16, 


7,120 


4619 


15, 


Jona. Burrall, - - . 


52,000 


4620 


15, 


George Simpson, 


10,000 


4624 


17, 


Do. 


31,000 


4632 


19, 


David Harris, - - - 


22,000 


4634 


20, 


Peter R. Dalton, 


120,000 


4643 


33, 


David Harris, 


12,000 


4646 


26, 


Willings and Francis, 


39,200 


4647 


26, 


Jona. Burrall, - - " 


20,000 


4648 


26, 


George Simpson, - - - 


4,000 


4649 


26, 


Montgomery Newbolds and others. 


59,400 


4652 


27, 


Daniel W. Coxe, - 


49,000 


4653 


27, 


Thomas and Jno. Cliftbrd, 


11,760 


4659 


27, 


George Simpson, 
David Hams, 


9,200 


4668 


29, 


21,100 


4674 


30, 


Van Wyck and Dorsey, 


24,395 


4679 


31, 


George Simpson, 


13,413 31 


4734 


April 2, 


Montgomery Newboldsand others. 


19,800 


4759 


3, 


Jacob Gerard Koch, - 


58,500 


4760 


3, 


William Wain, 


39,200 


4771 


6, 


David Harris, - - " 


42,000 


4772 


6, 


George Simpson, 


i32,600 


4773 


6, 


Jona. Burrall, 


49,100 


4786 


9, 


David Harris, - - - 


30,400 


4788 


10, 


John Doiinell, . . - 


54,000 


4793 


13, 


Josepli Summerl and others. 


34,300 


4799 


13, 


David Harris, 


11,223 62 


4800 


16, 


John James and others. 


29,400 


4801 


16, 


Stephen Girard, 


49,100 


4802 


16, 


Peter R. Dalton, 


80,000 


4803 


16, 


George Simpson, 


8,000 


4804 


17, 


James Vanuxem and J. L. Clark, 


19,640 


4805 


17, 


Jona. Burrall. 


20,000 


4806 


17, 


Robert Oliphant, 


17,444 46 


4813 


20, 


Joseph Lyon and others. 


5,880 


4814 


20, 


David Harris, 


17,600 


4817 


21, 


George Simpson, 

Do. - - - 


5,200 


4818 


23, 


26,800 


4819 


23, 


Abel Humphreys, 


7,840 


4820 


23, 


Edward Smith and Jas. Wood, - 


19,660 


4829 


26, 


Minturn and Champlin. 


19,600 


4832 


27, 


Smith and Buchanan, 


27,440 


4836 


30, 


David Harris, 


8,000 


4843 


May 


George Simpson, - - - 
Jona. Burrall, 


38,610 


4846 


2, 


12,000 


4848 


3, 


David Harris, 


20,000 


4849 


3, 


Montgomery Newboldsand others, 
Jona. Burrall, 


12,000 


4850 


5, 


7,280 


4852 


7, 


Daniel W. Coxe, 


56,840 


4855 


9, 


George Simpson, 


39,390 


4862 


12, 


Do. - - 


1,950 


4863 


12, 


Stephen Girard, 


10,807 50 


4866 


18, 


George Simpson, 
Do. 


3,900 


4870 


21, 


39,000 


4876 


26, 


Robert Oliphant, 


43 61 


4881 


30, 


Tench Coxe, 


980 41 


4892 


June 1, 


Montgomery and others, 


38,046 40 


4897 


4, 


George Simpson, 
David Harris. 


3,900 


4899 


5, 


21,670 


4905 


9, 


Peter R. Dalton, 


919 79 


4907 


11, 


George Simpson, 


12,675 


4922 


18, 


Do. - - - 


4,875 


4924 


23, 


Jona. Burrall, 


503 61 


5037 


July 13, 


David Harris, - - - 


690 76 


5051 


19, 


George Simpson, - - - 


760 78 



128 



FINANCE. 



[1805. 



B — Continued. 



No. of 


Date. 


In whose favor. 


Sums. 


Warrant. 








5158 


September 25, 1804, 


James Davidson, 


$5,070 


5166 


28, 


George Simpson, - - - 
David Hams, 


78,000 


5167 


29, 


78,000 


5168 


29, 


Jona. Burrall, . _ 


313,000 


5169 


29, 


Peter R. Dalton, 


156,000 


6170 


29, 


Sir Francis Baring & Co. 


91,452 39 


5275 


October 12 


George Simpson, 
Do. 


6,930 


5278 


15. 


66,797 50 


5279 


15, 


David Harris, 


7,700 


5286 


19, 


George Simpson, 
Jona. Burrall, 


7,700 


5287 


20, 


154,000 


5288 


20, 


David Harris, _ - . 


69,300 


5292 


23, 


George Simpson, 


16,170 


5294 


26, 


1)0. ... 


10,587 50 


5298 


29, 


Do. 


7,315 


5299 


30, 


Peter Roe Dalton, 


115,549 35 


5300 


November 1, 


William Yeaton, - . . 


10,000 


5340 


22, 


George Simpson, 

Jona. Burrall, - - - 


483 75 


5360 


December 4, 


1,165 


5361 


4? 


David Harris, - - - 


387 50 


5367 


5, - 


Peter R. Dalton, 


678 87 


5412 


31, 


James Davidson, jr. - 


13,095 67 




2,916,797 21 






From which deduct the sum of one hundred and 








eleven thousand eight hundred and seven dollars 








seventeen cents, included in the foregoing amount. 








but which, by a treasury warrant, No. 134, the Re- 








gister carried to the following appropriations in 








the treasury books of the United States, viz: 








To dij)lomatic department, - 5,674 48 








Prize causes, - - 513 54 








British treaty, - - 48,497 53 








Books for the use of Congress, - 2,174 89 








Relief and protection of American 








seamen. - - - 780 06 








Interest on Louisiana stock, - 54,166 67 


1 11 807 17 






J 1. 1 •OV / 1 / 




2,804,990 04 






Included in the foregoing list of warrants, are 






- 


the following warrants for commissions to the 








agents who purchased the bills, at one-fourth of 








one per cent, viz: 




4519 


January 18, 


George Simpson, - - 36 50 




4529 


24, 


Jona. Burra 1, - - 212 43 




4876 


May 26, 


Robert Oliphant, - - 43 61 




■1881 


30, 


Tench Coxe, - - 980 41 




4905 


June 9, 


Peter R. Dalton, - 919 79 




4924 


23, 


Jona. Burrall, - . 503 61 




5037 


July 13, 


David Harris, - - 690 76 




5052 


19, 


George Simpson, - . 760 78 




5340 


November 22, 


Do. - . 483 76 




5360 


December 4, 


Jona. Burrall, - .1,165 




5361 


4, 


David Harris, - - 387 50 




5367 


5, 


Peter R. Dalton, - - 678 87 


6,863 01 









No. 5. 

List of fJ'arranls drawn according to law during the year 1804, on the Treasurer of the United States, on account 

of the payment of interest on the Louisiana Stock. 



No. of Warrant. 




4512 
4513 
5301 
5358 
5411 



January 16th, 

November 1st, 

29th, 

December 31st, 



In whose favor. 



Alexander Baring, 

ditto, 
James Davidson, Junr. 

ditto, 

ditto. 



To the foregoing amount is to be added the sum of fifty-four thousand one hundred sixty-six 
dollars and sixty-seven cents, which, pursuant to instructions from the Secretary of the Trea- 
sury, was placed in the hands of Francis Baring & Co., and forms a part of the sum of one 
hundred and eleven thousand eight hundred and seven dollars and seventeen cents, deduct- 
ed, as per treasury warrant No. 134, from the remittances on account of the Dutch debt, 



Amount. 



$22,499 93 

286,666 67 

20,000 00 

20,000 00 

128,104 13 

$477,270 73 



54,166 67 
$531,437 40 



1805.] 



THE SINKING FUND. 



129 



No. 6. 

List of Warrants drawn according to law during the year 1804, on the Treasnrer of the United States, on account 

of paying certain parts of the Domestic Debt. 



No. ofWarrant. 



4555 
4571 

5088 
5341 



Date. 



1804. 
February 10th, 
March 31st, 
August 13th, 
November 23d, 



In whose favor. 



Daniel Thomas, - 
Oliver Pollock. - 
William Simmons, 
Israel Smith 



Sums. 



84 


17 


454 


76 


63 


94 


50 


50 


$653 


37 



REC APITULATI O N. 



interest and reimbursement of domestic debt, 
Interest on domestic loans, 
Reimbursement of domestic loans, 
Interest and reimbursement of Dutch debt, 
Interest on Louisiana stock, 
Certain parts of the domestic debt, 



4, 612,171 06 

60,593 68 

250,000 00 

2,804,990 04 

531,437 40 

653 37 

$8,259,845 55 



Treasury Department, Register's Office, February 1st, 1805. 



JOSEPH NOURSE, Register. 



D. 

Amount of remittances during the year one thousand eight hundred and four, on account of the Dutch debt, 
and for the payment of the interest upon the Lotdsiana six per cent stock. 



Guilders. 




59,500 00 


00 


2.673,893 14 


00 


100,000 00 


00 


10,500 00 


00 


200,000 00 


00 


3,578 00 


00 


55,000 00 


00 


27,500 00 


00 


175,000 00 


00 


876,500 00 


00 


1.462,249 19 


00 


1,200,128 4 


00 


7.534,849 17 


00 


£. s. d. 




32,773 19 2 




61,346 14 10 




94,120 14 00 




(a.)12,969 2 3 


I 


je81,151 11 9 

1 





Rate, 



at 40 do. 


do. 


at 39.90 


do. 


at 39.80 


do. 


at 39.60 


do. 


at 39.50 


do. 


at 39.40 


do. 


at 39.30 


do. 


at 39.28 


do. 


at 39.20 


do. 


at 39.00 


do. 


at 38.50 


do. 



$24,395 00 

1,069,557 48 

39,900 00 

4,199 00 

79,200 00 

1,413 31 

21,670 00 

10,807 50 

68,740 00 

340,060 00 

843,277 50 

462,049 35 

$2,965,249 14 



at 2| per cent, above par, 
at par, 



$149,303 60 
272,652 19 



421,955 79 
2 3 Deduct transferred to other funds per warrant No. 134 (^a.^ 57,640 50 



Applied to remittances. 

Paid to agents for commissions. 



Warrants issued in the year 1804, on account of the Dutch debt, as per 
statement, ...--- 

Interest on the Louisiana six per cent, stock, as per statement. 

As above 



fes. 


$57,640 50 


jei2.969 


2 


3 


. 


$513 54 


£115 


10 


11 


. 


5,674 


48 


1.276 


15 


2 


- 


48.497 


53 


10,911 


18 


11 


- 


2.174 


89 


489 


i 


00 


•• 


780 


6 


175 


10 


3 


As above. 


$57,640 


50 


£12,969 


2 


3 



364,315 29 

3,329,564 43 
6,863 1 

3,336,427 44 



$2,804,990 4 
531,437 40 

$3,336,427 44 



(«.) Appropriation warrant No. 134, authorized the Register to transfer from the amount of 

warrants iss»ed, for the Dutch debt, the sum of $111,807 17 £25,156 12 3 
Deduct so much thereof transferred to the credit of 

interest on Louisiana stock included above. - 54,166 67 12,187 10 00 



Transfeired to the following funds: 
Prize causes. 
Diplomatic Department. 
British treaty. 

Books for Coigress, - . - 

Protection of American seamen, 



130 



FINANCE. 



[1805. 



Profit arising from remittances viz: 
Guilders 7,534,849 17 at 40 cents per guilder, 
£81,151 11 9 at par, - 



Remittances cost. 



Gain, 



Treasury Department, Register's Office, February 1st, 1805. 



$3,013,939 94 
360,673 74 

$3,374,613 68 
3,329,564 43 

$45,049 25 



JOSEPH NOURSE, Register. 



E. 

Statement of repayments made into the Treasury, during the year 1804, on account of the public debt. 



Date of warrant. 



March 31st, - 
June 30tli, 
September 29th, 



June 2d, 



No. of wai-- 
rant. 



752 
777 
805 



761 



On whom drawn. 



George Simpson, 
Do. 
Do. 



Thomas Smith, 



Principal re- 
paid. 



20,500 00 
100,000 00 



Damages re- 
covered. 



120,500 00 
946 51 



$121,446 51 



3,508 00 
28,862 91 



.32,370 91 



Total amount of 
warrant . 



32,370 91 



24,000 00 
63,971 24 
64,891 67 



152,870 91 
946 51 



153,817 42 



Foreign debt 
Domestic debt. 



Treasury Department, Register's Office, February 1, 1805. 



JOSEPH NOURSE, Register. 



^n estimate of the application, made during the year 1804, of the funds provided for the payment of the principal 

and interest of the public debt. 



1. On account of the principcd. 

1. Reimbursement of the 6 per cent, and deferred stocks, estimated at 

2. Do. of domestic loans, . - - - - 

3. Do. of registered debt, 

4. On account ot the foreign debt, viz,: 

2d instalment of loan of 3,000,000 of 1st January, 1792, guilders 
4th do. 2,000,000 1st February, 1784, 



5th 


do. 


3,000,000 


4th 


do. 


2,500,000 


2d 


do. 


2,950,000 


4th 


do. 


6,000,000 


3d 


do. 


2,050,000 



1st February, 1790, 

1st March, 1791, 

1st June, 1792, 

1st September, 1791, 

1st Dec. 1791. (Antwerp) 



600,000 
250,000 
600,000 
500,000 
600,000 
1,200,000 
410,000 



Guilders, 4,160,000 
' at 40 cents, 

2. On account of interest and charges. 

1. Interest on domestic funded clebt, estimated for 1804, at 

2. Do. domestic loans, ------ 

3. On foreign debt, viz: 

Interest on Dutch debt, estimated at guilders, 657,850 

Premiums, - - - - " 17,500 

Commissions and charges, estimated at - 9,000 

GuUders, 684,350 

at 40 cents, $273,740 00 
Interest on Louisiana stock, from 20th to 31st Decem- 
ber. 1603, 22,191 73 

Do. from 1st January to 1st July, 1804, - 337,500 00 

359,691 75 

Commissions to agents for purchasing b'lls, - - 6,863 01 



1,290,595 15 

250,000 00 

653 37 



1,664,000 00 



3,305,911 25 
60,593 68 



640,294 76 



3,205,248 53 



4,006,799 69 
$7,212,048 21 



1805.] THE SINKING FUND. Igj 



An estimate of the funds provided before the 1st January, 1805, for the payment of the principal and interest of 
the public debt, which, being unexpended on that day, are considered as applicable to payments falling due after 
the year 1804. 

1st. On account of the foreign debt: 

Cash in the hands of commissioners and agents in Europe, Dec. 31. 1803, per statement K. - $848,705 14 

Remittances to Europe outstanding on 31st December, 1803, as per ditto. - - - 292,153 73 

The bills and remittances made duiing tlie year 1804 are, as per statement D, as follow, viz: 

Remittances in guilders to Amsterdam and Antwerp, guilders, 7,534,849.18, at 40 cents, - - 3.013,939 9G 

Remittances in sterling, d681, 151 11 09, at 4s. Grf. per dollar, . - . . . 360,673 72 



Total to be accounted for, - - . . $4,515,472 55 

The amount applied during the year 1804, per estimate F, has been, for principal, $1,664,000 00 

Interest and charges, --------- 633,431 75 

2,297,431 75 



The balance in hands of commissioners and agents in Europe, or in remittances outstanding, may. 

therefore, be estimated, on 31st December, 1804, at - - - - - - $2,218,040 80 

The amount of protested bills outstanding on the same day, was as follows: 

fPrager's bill, - - - . Guilders. 120.000 $48,000"^ ^ 

Purchased before J Brown's bill, - - - - 60,000 24.000 1 ■ = 

and in 1802. ] Brown and Hackman's bill, - - 60,000 24,000 f * 

LOwing's bill, ----- 20,000 8,000J ^ 



104,000 00 



2,-322,040 80 



2d. From which deduct, on account of domestic funded debt, for unclaimed dividends demandable 
at the treasury, and not yet advanced to the bank for payment to the creditors, estimated at - 1,504 21 

$2,320,5 36 59 

RECAPITULATION. 

The provision applicable to 1805, per the foregoing, _-.--. $2,320,536 59 

Applied during the year 1804, per estimate F, ------ - 7,212,048 21 

Repayments in the treasury in 1804, per statement E, (for principal) - - - . 121,446 51 

$9.654,031 31 

The balance remaining unexpended 31st December, 1803, per statement B. was - - $1,349,136 51 

Disbursements during tiie year 1804, per statement C, - - - - - - 8,259,845 55 

Profit in exchange in the year 1804, per statement D, - ■ - • - - 45,049 25 



3,654,031 31 



132 



FINANCE. 



[1805. 



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1805.] _ DUTIES AND DRAWBACKS. I33 

I. 

Statement of moneys arising from interest on stock transferred to the United States, being the amount drawn by 
the agent to the trustees for the redemption of the public debt, pursuant to the act of 8th May, 1792, ana 
agreeably to a statement rnadc at the treasury. No. 16,160, dated 25lh Janua)-y, 1805. 

1804, March 28th, warrant No. 4,663, ..... $91,460 53 

" June 27th, warrant. No. 4.932, ..... 91,49579 

" September 27th, warrant No. 5,163, .... 91,581 45 

" December 29th, warrant No. 5,407, .... 91,68573 

$366,223 50 



Tre.\sury Department, Register's Office, February \st, 1805. 

JOSEPH NCn^RSE, Register. 

K. 

Statement of moneys drawn by the agent to the trustees for the redemption of the public debt, in the year 1804, 
being an account of moneys received into the treasury from sales of public hmds, pursucmt to the act of "id 
March, 1795, cmd agreeably to a statement made at the treasury, No. 16,160, dated 'iHth January, 1805. 

1804, December 29, warrant No. 5,406. ..... $324,021 66 

Treasury Departiuent, Register'' s Office, February 1st, 1805. 

JOSEPH NOURSE, Register. 



8th Congress.] No. 230. [2d Session. 



DRAWBACK. 

communicated to the house of representatives, FEBRUARY 15, 1805. 

Mr. Crowxinshield, from the Committee on Commerce and Manufactures, to whom was refeired the memorial of 
Stephen Kingston, of the city of Philadelphia, merchant, made the following leport: 

Stephen Kingston, the memorialist, on the 22d and 23d of July, 1801, entered outwards, at the custom house of 
Philadelphia, took out a regular permit, and actually shipped on board the United States* frigate George Washing- 
ton, Captain John Shaw, then destined for Algiers, three bales of cinnamon, fitteen bales of India goods, and eleven 
hogsheads of loaf sugar, for benefit of drawback and bounty. 

All the proceedings at the custom house, previous to the shipment, appear to have been perfectly regular. The 
articles were entered outwards, in the usual manner, and an inspector attended to their delivery on board the lighter, 
and, so far as the committee can discover, the memorialist was willing to comply with every requisite formality at 
the custom house, which was enjoined by the laws: yet. it is proved to your committee, that an error was com- 
mitted by the inspector, in exportin,^ tlie merchandise. The George Washington was preparing to get under way, 
and proceed down the Delaware, when the lighter came alongside, and the captain being of opinion that the ship 
■would draw too much water to pass the bar in the river, if the articles were then received on board, ordered the 
lighter to follow the ship, and they were taken in below the bar, and at some distance out of the Philadelphia district. 

In the case under consideration, the articles would have been liable to seizure and confiscation, if they liad been 
relanded in Philadelphia, without permission from the collector. The exporter, therefore, was. in some measure, 
compelled to ship them on the George Washington; and in doing this, he appears to have pursued a safe and prudent 
line of conduct: for. if he had peremptorily ordered the lighter to return to Philadelphia, with her loading, he might 
have exposed himself to a prosecution for an attempt to commit a fraud on the revenue; and his property to almost 
certain confiscation. Although it is understood that permission was granted in this case, the committee are of opi- 
nion that our public vessels ought not to be permitted to carry merchandise for account of private individuals: but 
as no prohibition then existed to prevent similar shipments, the George Washington having been permitted to clear 
out in the usual manner, it is conceived that the exporter ought not to lose the drawback, merely because the arti- 
cles were exported in a national vessel. On the whole, the exporter having complied with the existing regulations 
of the custom house, previous to the delivery of the merchandise on board the lighter, and it not appearing that the 
deviation from the ordinary course \yhich was subsequently committed, proceeded from his fault or neglect, the 
committee are impressed with an opinion, (the irregularity, too, being committed by a captain in the service of the 
United States) tliat the memorialist has an equitable claim upon the Government for the drawback and bounty 
arising on the exportation of the articles mentioned in his memorial, upon the proof being exhibited to the Secretary 
of the Treasury that the same were actually landed out of the limits of the United States; and the committee sub- 
mit the following resolution: 

Resolved, That the prayer of the memorial of Stephen Kingston is reasonable and ought to be granted. 



8th Congress. ] ' No. 231. [2d Session. 



DUTIES AND DRAWBACKS. 

COMM0NIC.\TED TO THE HOUSE OF REPRESENTATIVES, FEBRUARY 20, 1805. 

Treasury Department, February 20, 1805. 
Sir: 

In obedience to the permanent order of the House of Representatives, passed on the third of March, 1797, I 
have the honor to transmit a statement exhibiting the amount of duties and drawbacks on goods, wares, ;ind mer- 
chandise, imported into the United States, and exported therefrom, during the years 1801, 1802, and 1803. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Hon. the Speaker of the House of Representatives. 
18 tt 



134 



FINANCE. 



[1805. 



A Statement exhibiting the amount of Drawback payable on sundry articles exported from the United States, in 
the years 1801, 1802, and 1803, compared with the amount.of Duties collected on the same, respectively. 





IS THE TEAR 1801. 


IN THE TEAR 1802. 


IN THE TEAR 1803. 


SPECIES OF MEKCHAXDISE. 
















Duties 


Drawback 


Duties 


Drawback 


Duties 


Drawback 




received. 


payable. 


received. 


payable. 


received. 


payable. 


On Mercliandise — 


Dolls. 


Odlls. 


Dolls. 


Dolls. 


Dolls. 


Dolls. 


Paviiiga duty of 10 pei'ceiit. ad val. 


2,339 


8,444 










"Do 11 do 


3,659 


10,331 










Do 124 do 


4,738,042 


822,263 


3,318,075 


513,459 


3,399,781 


243,765 


Do 131 do 


688,854 


231,835 


270,171 


99,808 


185,568 


24,757 


Do 15 do 


1,397,95^, 


164,973 


1,170,338 


67,635 


1,104,355 


25,005 


Do 16^ do 


122,720 


25,443 


102,604 


8,561 


68,634 


4,216 


Do 20 do 


91,047 


7,159 


73,125 


6,010 


67,857 


1,309 


Do 22 do 


23,232 


3,942 


25,798 


2,092 


13,126 


870 


Do 40 do 


62 


3,593 


- 


182 






Wines, Madeira, - - - 


155,124 


12,202 


145,741 


12,864 


196,857 


19,934 


Burgundy and Cliampaigne, - 


2,167 


337 


2,464 


586 


1,868 


138 


Sherry, - - - 


26,239 


342 


268,573 


4,829 


131,358 


5,221 


St. Lucar, - - - 


138 


- 


650 


-■ 




Lisbon, - - - 
Oporto, - - - 


133,830 
4,140 


2,711 
77 


63,906 
20,515 


767 


I 52,619 


1.410 


■reneriffe and Fayal, 
Malaga, - - - 


98,885 
43,206 


26,289 
41,477 


107,318 
71,835 


4,575 


^ 120,849 


1,837 


All otiicr, - - - 


481,803 


394,002 


175,889 


130,639 


246,398 


104,119 


Spirits, Foreign, distilled from grain, - 


252,697 


16,357 


237,069 


18,584 


363,802 


19,715 


Do. from other materials. 


2,089,962 


121,879 


2,179,805 


104,068 


2,367,804 


84,961 


Domestic do. from Molasses, - 


522 












Do. from domestic produce, - 


24 


54 


87 








Molasses, - - - - 


299,768 


15,927 


353,431 


1,706 


303,584 


629 


Beer, Ale, and Porter, 


15,917 


3,074 


15,751 


544 


14,919 


201 


Tea, Bohea, _ _ _ 


187,071 


68,898 


221,651 


50,047 


453,351 


216,337 


Souchong, - - - 


134,715 


55,913 


117,395 


88,069 


134,792 


90,854 


flyson, - - - - 


186,334 


96,418 


110,435 


60,903 


96,591 


13,369 


Other Green, - - - 


248,507 


78,734 


292,488 


139,099 


245,517 


85,809 


Coffee, _ _ _ - 


2,983,447 


2,439,944 


1,682,439 


1,284,376 


948,672 


499,251 


Cocoa, _ _ _ - 


173,330 


137,132 


29,526 


28,096 


22,664 


11,755 


Chocolate, _ - - - 


99 


5 


175 


4 


46 




Sugar, Brown, _ _ _ 


2,623,647 


1,346,382 


1,821,117 


717,353 


1,969,256 


709,499 


Clayed, _ _ - 


1,123,594 


1,067,532 


196,581 


252,026 


245,587 


150,639 


Lump, _ _ _ 


70 












Loaf and Candj', - - 


1,222 


55 


1,161 


172 


Q O ."in 


525 


Other refined, - - 


430 


- 


55 


- 


47 




Candles, Tallow, _ - - 


5,596 


1,856 


1,297 


1,847 


548 


117 


Wax and Spermaceti, 


273 


108 


95 


- 


185 


75 


Cheese, _ _ - - 


50,344 


43,747 


28,382 


21,056 


9,331 


4,309 


Soap, _ _ - - 


38,830 


45,560 


8,906 


11,300 


3,837 


2,981 


Pepper, _ _ _ - 


289,124 


234,532 


371,505 


335,258 


244,673 


130,246 


Pimento, _ - - - 


15,848 


10,037 


11,523 


2,010 


35,034 


14,042 


Tobacco, manufactured. 


17,947 


1,147 


22,533 


1,220 


12,417 


60 


Snuff', _ - - _ 


3,048 


3,986 


1,050 


270 


2,125 


1,633 


Indigo, _ _ _ - 


129,380 


73,723 


78,589 


91,442 


37,321 


3,532 


Cotton, _ _ - _ 


129,731 


108,675 


101,699 


93,301 


98,692 


85,028 


Nails, _ _ - _ 


73,878 


12,543 


69,250 


6,101 


74,593 


3,063 


Spikes, _ _ _ _ 


2,877 


67 


3,194 


213 


3,485 


32 


Lead, Bar and other. 


23,034 


3,867 


15,178 


2,629 


26,975 


696 


Steel, unvvrought, - - - 


15,489 


529 


12,202 


753 


7,811 


48 


Hemp, - - - - 


81,435 


- 


83,446 


- 


123,217 




Cables, - - - - 


860 


49 


1,783 


166 


2,839 




Cordage, Tarred, - - - 


50,900 


5,731 


20,963 


6,935 


15,248 


771 


Do. Untarred, and Yarn, 


3,267 


- 


2,395 


8 


2,350 




Twine and Pack-thread, 


7,120 


26 "i 


6,663 


192 


7,940 


11 


Glauber Salts, - _ _ 


2,995 


254 


1,756 


- 


2,388 


4 


Salt, _ _ _ _ 


686,454 


13,864 


792,838 


6,607 


721,355 


4,561 


Coal, _ - _ _ 


31,889 


227 


23,388 


- 


21,957 


298 


Boots, _ - - - 


5,388 


383 


3,663 


230 


3,534 


145 


Shoes and Slippers of Silk, 


1,022 


757 


2,393 


461 


996 


360 


Do. all other, - _ _ 


13,559 


839 


11,150 


1,048 


9,067 


329 


Cards, Wool and Cotton, - 


35 


- 


141 


- 


5 




Do. Playing, - - _ 


48,939 


52,623 


15,039 


17,155 
> 1 


1,620 


1,347 


Dollars, 


20,064,059 


7,819,093 


14,766,990 


4,197,256 


14,227,778 


2,569.813 


TaEASCKT Department, 


Register's Office 


, February 19, 


1805. 


JOSEI 


'H NOUKSE, 


Bcgiiier. 



1805.] COLLECTOR'S BOND— SURETY RELEASED. I35 



8th Congress.] • ]\o. 232. [2d Session-. 



C L L E C T OR*S B N D— S U R E T Y RE L E A S E D. 

COMMUNICATED TO THE HOUSE OK REPRESENTATIVES, JANUARY -23, 1 805. 

Mr. Joseph Clay, from the Committee of Ways and Means, to whom was let'ened the petition of Anthony 
Benezet and others, cliiidren and surviving heirs of Daniel Benezet, late of the city of Philadclpliia, deceasetl, 
made the following report : 

That Daniel Benezet, the younger, brother to the petitioners, was appointed, in ^Liixh, 1790, collector of the 
port of Great Egg Harbor, in the State of New Jersey: Daniel Benezet the elder, his father, became his surety 
in a bund for two thousand dollars, given for the faithful discharge of liis duties in that office. 

Daniel Benezet, the younger, rendered no account for settlement at the treas\iry subsequent to (he 30th June, 
1791, although repeatedly urged to do it; he continued in the office until the 7tli of March, 1795, when he was 
superseded by the appointment of Constant Somers, who had been his deputy. 

Daniel Benezet, the elder, died in April, 1797, and his estate was settled and divided among the heirs, of 
whom Daniel Benezet, the younger, was one. in the begiiniing of the year 1798. 

Daniel Benezet, the younger, received for his share of his father's estate a sum of money amounting to more than 
five thousand dollars; he died in December, 1798, and his estate was sold to pay his debts, and finally settled in the 
year 1801, as far as it was in the power of his administrators and heirs to settle it. 

In the year 1803, seven years after his dismissal, his administrator was, for the first time, applied to by the Comp- 
troller of the Treasury for some books and papers, which, it had been intimated, related to the transactions of the 
custom hou^e of Great Egg Harbor, \vith a request that they might be delivered to the then collector. This request 
could not be complied with, as nosucii books, and very few and trifling papers, were in the possession of the adminis- 
trator; the attorney for the district of New Jersey was tiien directeil to commence a suit on the official bond; but 
finding that the parties interested all lived in Pennsylvania, he gave notice of that circumstance to the Comptroller, 
upon which the district attorney for Pennsylvania was, by a letter bearing date the I2th of August, 1803, directed 
to institute a suit for the recovery of the penalty. On the 7th of October, 1803, suit was accordingly brought against 
the administrators of Daniel Benezet, the elder, and judgment was entered by agreement in favor of the United 
States, for two thousand dollars, with a stay of execution for six months. It was also agreed, that, if, before the 
expiration of that time, the defenilants could satisfy the Comptroller that they were entitled to be released, in 
whole or in part, IVom the amount of the judgment, it should accordingly be endorsed on the Comptroller's certifi- 
cate. The Complroller having no authority to release any part of the judgment, the petitioners have applied to Con- 
gress fiir relief. By an act of Congress, passed September Sd, 1789, it is made the duty of the Comptroller to 
'• provide for the regular and punctual payment of all moneys which may be collected," and to " direct prosecutions 
for all delinquencies of officers of the revenue." 

By an act of Congress, passed August 4th, 1790, it was made the duty of the collectors, once in every three 
months, or oftener if required, to tran.-mit their accounts for settlemeiit. 

Although Daniel Benezet, the younger, was frequently pressed to forward his accounts for settlement, and re- 
fused or neglected to do so, and although he was dismised from office, probably for delinquency, yet no steps were 
taken to recover from him the penalty of his bond, during his life, nor from his or his father's estate, until the year 
1802, eleven years after his appointment, seven years after his dismissal, five years after the death of his father, 
and four years after the final settlement and division of his father's estate, and after his own death. 

Had any application been made previously to the settlement of either of the estates, the penalty of the bond might 
have been recovered and paid out t)fhiB own effects. But, from the delay, and not to say neglect, of the then Comp- 
troller, no steps were taken until the whole of his pioperty was disposed of, in payment of his private debts. 

\\Tien it is considered that policy has dictated, in all c'ountries, a limitation of the time in which ordinary debts 
betw'een individuals may be recovered, and that the humanity of the Government has determined that even penalties 
and forfeitures, for crimes against the revenue laws, shall not be iniposed upon the offenders unless the prosecution 
be had within a limited time: and particularly, when it is considered that statutes of limitation liiive been passed, 
to prevent the allowance of claims against the United States, unless brought before a certain period — claiins, too, of 
the most meritorious nature — it is submitted to Congress whether a consistent i-egard to justice does not forljid the 
rigorous exaction of the sum adjudged against the petitioners, especially as the delay has arisen from the negligence 
of the officers of the Government. Your committee conceiving this case to be extremely severe, think the petitioners 
entitled to the relief for which they pray, and recommend the following resolution : 

Resolved, That the prayer of the petitioners is reasonable, and ought to be granted. 



Treasury Departmext, Comptroller's Office. February 19, 1805. 

Sir: 

I have before me your letter of the loth instant. You would have received an immediate answer but for the 
reason which I stated to you yesterday. 

The late Daniel Benezet was appointed collector for the port of Great Egg Harbor, in New Jersey, in the year 
1790, and continued in the office until he was superseded by the appointment of Constant Somers, in consequence 
of which the official functions of Mr. Benezet ceased on the 7th day of March. 1795. 

It appears, from the correspondence of the office, that Mr. Benezet rendered no account for settlement at the 
treasury, subsequent to the 30th of June, 1791, although repeatedly urged to do it. That, after his death, Anthony 
Benezet, one of the administrators, was requested to furnish books and papers, which, it had been intimated to the 
Comptroller, were in his possession, in order that the accounts of the intestate might be settled. The administra- 
tor not complying, the attorney of the United States for the district of New Jersey was directed by letter, bearing 
date 24th July. 1802, to commence a suit on Mr. Beiiezet's official bond. Mr. Maxwell, the then attorney, finding, 
upon inquiry, that the parties interested all lived in Pennsylvania, gave the information to this Departnient, upon 
wliich the district attorney of Pennsylvania was directed, by letter bearing date 12th August, 1803, to institute a 
suit for the recovery of the penalty of the official bond before mentioned. This has been done, and a judgment re- 
covered, as stated by the petitioners. 

These are all tlie facts which appear to be material to be stated for the information of the committee. 

The petition and papers which accompanied it are returned. 

1 have the honor to be. Sir, with ereat respect, your obedient servant, 

G. DUVALL. 

Joseph Clay, Esq. 



jgg - ' FINANCE. [1805. 



8th Congress.] No. 233. [2d Session. 



MINT. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 1, 1805. 

Treasury Department, February ^Ith, 1805. 

•Sir: ' 

I have the honor to transmit, herevi'ith, a letter from the Comptroller of the Treasury, accompanied with 
sundry statements, which have been prepared in obedience to the act, entitled "An act establishing a mint, and re- 
gulating the coins of the United States," passed on the 2d of April, 1792. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 

The Hon. the Speaker of the House of Representatives. 



Treasury Department, Comptroller'' s Office, February '26th, 1805. 

Sir: 

The statements marked A, B, C, D, and E, herewith laid before you. have been prepared pursuant to the 
seventh section of an act of Congress, of the second of April, 1793, entitled "An act establishing a mint, and regu- 
lating the coins of the United States." They contain all the information, relative to the transactions of the mint, 
which the settlements made at the treasury enable me to gi^ e. 

I have the honor to be, with great respect, your obedient servant, 

G. DUVALL. 
Albert Gallatin, Esq. ^ 



Statement exhibiting the balance of gold and silver remaining in the hands of the officers of the Mint, on the 2\st 
December, 1803; the amount of deposites from the 1st January, to the 3\st December, 1804; the different species 
of coins made and paid on account of deposites; allowance for wastage; and thebcdance remaining inthehands 
of the officers of the Mint on the said 3\st of December, 1804, to be accounted for on a future settlement. 

Oz. dwt. gr. Dolls, cts. 
Gold remaining in the hands of the officers of the mint, on the 31st Dec. 1803, 138 13 9= 2,464 60.5 

Do. deposited from the 1st January, to the 31st December, 1804, . . . 14,499 9 15 =257,768 35.5 

14,638 3 =260,232 96 



Amount paid on account of deposites of gold, from the 1st January to the 31st December, 1804, $240,490 16.5 

Add balance of gold coins remaining in the hands of tiie treasuier of the mint, on the 31st Dec. 1804, 19,327 42.5 

$259,817 59 
Deduct this sum, being so much of warrant No. 4,809, issued at the Treasury of the United States, 
to cover the wastage in the coinage of gold, for the year ending December 31, 1804, $886 34.5 

Also this sum, being the balance of gold coins remaining in the hands of the treasurer of 

the mint, on the 31st December. 1803, ...... 288 74.5 

1,175 09 

^ oz. dwt. gT. 

Gold coins made from the 1st January to 31st December, 1804, viz: eagles. 9,795, half 

eagles, 30,475, and one-fourth eagles, 3,327; weight and value, . . . 14,548 12 19 =258,643 50 

Balance of gold bullion, &c. in the Iu7nds of the officers of the mint, on the 31st De- 
cember, 1804, . . . . . . . . . 28 18 14 = 513 46.5 

Profit and loss for this sum, allowed for wastage in the coinage of gold, from the 1st 

January to the 31st December, 1804, 60 1115= 1,076 99.5 

As above, . 14,638 03 00=260,233 96 



Silver remaining in the hands of the officers of the mint, on the 31st December, 1803, 10,022 00 09 = 11,563 54.5 
Silver deposited, from the 1st .Tanuary to the 31st December, 1804, . . . 91,504 18 00=105,582 50.5 

101,526 18 09 =117,146 05 



Amount paid on account of deposites of silver, from the 1st January to the 31st December, 1804, $104,828 68.5 

Add balance of silver coins remaining in the hands of the treasurer of the mint, 31st Dec. 1804, 426 33 

$105,255 01.5 
Deduct this sum, being .so much of warrant No. 4,809, issued at the treasury of the United 

States, to cover the wastage in tJie coinage of silver, for the year ending Dec. 31, 1804, $386 29.5 
Also this sum, being the balance of silver coins remaining in the hands of the treasurer 

of the mint, on the 31st December, 1803, ...... 4, .528 22 

4,914 51.5 

oz. dwt. gr. 

Silver coins made from the 1st Jan. to 31st Dec. 1804, viz: dollars. 19,570, half dollars, 

156,519, one-fourth dollars, 6,7.38, and dimes, 8,265; weight and value, - 86,961 15 08 =100,340 50 

Balance of silver bullion. &c. in the hands of the officers of the mint, on the 31st 

December, 1804, . . . . . . . . 14,221 12 09 = 16,409 17 

Profit and loss for this sum, allowed for wastage in the coinage of silver, for the 

year 1804, . . . . . . . . . 343 10 16 = 396 38 



Comptroller's Oifice, February '23d, 1805. 



101,526 18 09 =117,146 05 



ANDREW ROSS. 



1805.1 



THE MINT. 



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138 FINANCE. [1805. 



Suminury Stntemoit exhibitinic the value nf coins mude at the Mint; the amount ofdisbvr.iements on account of 
the establishment; the amount allowed for wastage: the amount retained of deposites; and the amount gained 
on the coinage of copper. 

Value of soltl, silver, and copper coins, made at the mint to the 31st December, 1803, - - $3,931,866 30 

Ditto, of gold coins made from the 1st January to the 31st December, 1804, per statement 

herewith. -..---.- 258,642 50 

Ditto, of silver, ditto, ditto, ditto. - - - - 100,340 50 

J)itto, of copper coins, made and charged as delivered to tlie Treasurer of the United 
States, from the 1st January to the 31st December, 1804, per statement herewith, 
marked B, ------- - 11,044 94 

370,027 94 



Total value of gold, silver, and copper coins. - - $4,301,894 34 



Nett charge on the coinage of gold, silver, and copper, to the 31st December. 1803, per report of the 
17th March, 1804, - - - - - - - 235,205 73.5 

Add amount gained on the coinage of copper, per statement for the year 1804, - 39,783 80.5 

Deduct amount of wastage, per the above statement ti'ansmitted, - - 15.730 58.5 

Add amount retained of deposites, ditto, ... - 3,44324.5 



254,989 54 

13,277 34 

341,712 20 

Add amount disbursed on account of the establishment, from the 1st January to tiie 31st December, 

1804, per statement herewith, - - - - - - - 16,234 80 

Add amount of wastage to the 31st December, 1803, per statement furnished for the year 

1804, -..-..., 15,720 58.5 

Ditto, from the 1st January to the 31st December, 1804, per statement herewith, marked A, 1,473 37.5 



Total amount of wastage, to the 31st December, 1804, - 17,193 96 
Deduct amount retained from deposites, per statement furnished for the year 1803, 2,443 24.5 
Deduct amount retained fiom (he 1st January to the 31st December, 1804, per 

statement herewith, marked A, - - - - - 138 29.0 

2,581 53.5 



14,612 43.5 

273,549 43.5 
Deduct the amount gained on copper coinage from the commencement of the institution to the 31st 

December, 1804, par statement herewith, marked B, - . . . . 31.327 46.5 



Nett charge on the coinage of gold, silver, and copper, to the 31st December. 1801, including the costs 

of lots, buildings, &;c. "■ - - - - - - " - 241,221 96.0 



Comptroller's Office, February 23d, 1805. 

AND. ROSS. 



D. 



I 



Statement of the Jlppropriations made by law, for the Mint establishment, for the year 1804; with the amount of 
Warrants draivn by the Secretary of the Treasury, on said appropriations. 

Amount of warrants drawn on the treasurer in favor of the mint, for the services of tiie year 1804, - 36,874 42 
Balance unexpended on 1st January, 1805, .--..- 52,083 67 



$88,958 09 



Balance of the several appropriations for the mint establishment, unexpended on 1st January, 1804, per 

statement for the preceding year, ..._.-- 65,713 15 

Appropriated by an act respectmg the mint, dated 24th April, 1800, being the amount of cents and half 

cents, paid into the Treasury m 1804, ...... 13,84494 

Ditto, by act making provision for the support of Government for the year 1804, dated the 14th March, 

1804, ....--.-.. 9,400 00 



$88,958 09 



Statement of the appropriations made by law for the payment of the salaries of the officers and clerks of the Mint, 

for the year 1804. 

Amount of warrants drawn on the Treasurer of the United States for the salaries of the officers and clerks 

of the mint, in 1804, ........ 10,60000 



By the act making appropriations for the support of Government for the year 1804, passed the 14th 

March, 1804, ---..-... $io,600 00 



1805.] THE MINT. I59 

Statement of the application of moneys advancpd from l/if Trco.siiry of the Ignited Stales, for (he support of the 

Mint esta/i/ish/nent during the year 1801. 

Balance due the treasure!" of the niiut, on 1st January, 1K04, as per statement loi' tlie preceding year, 0,390 i>'> 

Moneys paid by the treasurer of the mint, on wariants drawn by him on the Director, and admitted by 
the accounting officer of the tieasury, on the adjustment of his account, weie as follow, vi/.: 

Incidental and ronlingent expenses and repicirs (f mint. 

For $5,62-1 80, being the amount expeiidcc! \'w (iie rc(iuisitc rcpaiis, apparatus, machines, wases of woric- 
men, and other expenses, 

Paid iti the 1st (piartei-, - - l,'2S.'j t'r3 

Od do. - - l,;ilC 35 

.3(1 do. - - I.46G 65 

4th do. - - 1.556 18 



Copper purchased for coinage. 
For $17,573 28, being tlie amount ol' the costs, and charges foi- copper purciiascd for coiuisgi': 
45,410 lbs. purchased from 1st October to 3lsl December, 1801. - - - 17,15128 

Lesson a bill of exchange for copper previously bought in 1803, - - - 422 09 



5,624 80 



Salaries of the officers and clerks of the mint. 

Paid ill the 1st quarter, - - 2,650 00 

2d do. ■• 2,650 00 

3d do. - - 2.650 00 

!th do. - - 2,650 00 



17,573 37 



U'astage in the coinage of gold and silvei 



10.600 00 



Applied to make good deficiency in wastage in the coinage of gold and ^ilve^, for the year 1803, - 1,272 64 

Balance to be accounted for by the treasurer of the iiiint, ----- 6,01306 



$47,174 42 



Advanced f-oni (lie treasury for the mint eslaltlishmea!. 
For the salaries of the lifHcers and clerks, ----.. 10.60000 

For the purchase of copper, and the incidental and contingent expenses, . - - 36,874 42 



$47,47 i 42 



Account of cents and half cents paid iiii;Miie 'iVeasuiy (4'ihe I'nited States, i)y tli(> tre:i'-urero''the mint, 
in the year 1804. 

Paid in tiie 1st quarter, - - 3,310 00 

2d tlo. - - 6,330 00 

3d do. - - 1,750 00 

4th do. - - 2,424 94 



ta3.8!4 94 



Treaskuy Dkfartment, Register's Office. 21$/ February. 1805. 

JOSKPM NOUP.Sfv, Register. 



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J.42 FINANCE. • . [1805. 



9th Congress.] 



No. 234. [1st Session. 



STATE OF THE FINANCES. 

COMMUNICATED TO THE SENATE, DECEMBER 9, 1805. 

In obedience to the directions of the act supplementary to the act, entitled "An act to establish the Treasury Depart- 
ment," the Secretary of the Treasury respectfully submits the ioUowing report and estmiates: 

REVENUE AND RECEIPTS. 
The nett>evenue, arising from duties on merchandise and tonnage, which accrued during the year 1801, amounted 

The nett revenue, arising from the same source, which accrued during the year IS02, amounted to - 10,154,564 

That which accrued during the year 1803, amounted to ; , ". , ' ,■ ', ■ , ' 11,306,430 

And that which accrued during the year 1804, amounted, alter deducting that portion which arose 

from the additional duties, constituting the Mediterranean fund, as will appear by tiie statement 

\ to - ' " " " " " " " " 1-, 672,323 

It'is ascertained that the nett revenue which has accrued during the three first quarters of the year 1805, does 

not fall short of that of the corresponding quarters of the year 1804. And that branch of revenua may, exclusively 

of the Mediterranean fund, be safely estimated, for the present, at twelve millions ot dollars, which is nearly the 

average of the two years 1803 and 1804. ^ r ,, • n: • .i i 

The defalcation which took place in the year 1802, and the increase in the next iollowing years, suthciently show 
that no inconsiderable portion of that branch of the revenue is due to the neutrality ot the United States, during the 
continuance of war in Europe. Yet, if the revenue of 1803, the only year of European peace since 1792. be con- 
sidered as thelbest basis on which to form an estimate, this, with an addition often per cent, on account of the in- 
crease of population for three years, and of near 300,000 dollars, the computed revenue ot New Orleans, will give a 
result of near eleven millions and a half. The statement B exhibits in detail the several species of merchandise and 
other sources from which that revenue was collected during the year 1804. , , ,, 

The revenue arising from the sales of public lands has been greater during the year ending on the 30th Septem- 
ber 1805 than that of any preceding year. It appears by the statement C that, during that period, besides 145,000 
acres sold to persons claiming a right of pre-emption, 474,000 acres have been disposed of, at the ordinary sales; mak- 
in'' altogether, with the preceding sales, from the time when the land offices were opened in 1800 and 1801, an aggre- 
gate of near two millions of acres. The actual payments bv purchasers, which, during the year ending on the 30th 
September 1804, had amounted to 432,000 dollars, and had not. in any one previous year, exceeded 250,000 dollars, 
hav'e durin°- the year ending on the 30th September. 1805, amounted to 575,000 dollars; of which sum 535,000 dol- 
lars were paid in specie, and the residue in stock of the public debt. The specie receipts from that source may, for 
the ensuing year, be sately estimated at five hundred thousand dollars. 

The receipts arising from the permanent revenue of the United States may, therefore, without even including the 
duties on postage and other small incidental branches, be computed, for the year 1806, at twelve millions and 
five hundred thousand dollars, - - - - -,-..■ $12,500,000 

The payments in the treasury, during the same year, on account of tiie temporary loans constituting 
the "Mediterranean fuml" which will have accnied to the 3Ist day of March next, are estimated 
at nine hundred thousand dollars, and about one hundred thousand may be expected from the 
arrears of internal duties and of the direct tax, and from other incidental branches^ making, for 
temporary and incidental receipts, one million of dollars, ' " ," " 1,000,000 

The balance of specie in the treasury, which, on the 30th day of September last, amounted to 4,575, 
654 dollars, will, as the receipts and current expenditures of the present quarter may be consi- 
dered as nearly equal, be diminished at the end of this year, only by the payments on account of 
the American claims assumed by the convention with France: and as the whole amount of those 
claims which remained unpaid on the 30th day of September last, will, in this estimate, be stated 
amongst the expenditures of 1806, the whole of the abovementioned balance may be added to the 
receipts of that year, viz: -------- 4,575,000 

Making, in the whole, an aggregate of more than eighteen millions of dollars, - - - $18,075,000 

EXPENDITURES. 

The expenses of the year 1800. which must be defrayed out of those resources, are, like the revenue, either of 
a permanent nature or temporary. • ^ r ^u r ii • •. 

The permanent expenses are estimated at 11,450,000 dollars, and consist of the following items, viz: 

1 The annual appropriation of eight millions of dollars for the payment of the principal and interest of the public 

debt, of whicli more than 4,000,000 dollars will be applicable to the discharge of the principal, and the residue 
to the payment of interest, - - - ■■,,•'■,•,■ . " $8,000,000 

2 For the civil department and all domestic expenses of a civil nature, including invalid pensions, 

the li'^ht house and mint establishments, the expenses ot surveying public lands, the third in- 
stalment of the loan due to Marylanil, and a sum of 150,000 dollars, to meet such miscella- 
neous claims or grants as may be allowed by Congress. - - - - 1,150,000 

3 For expenses incident to the intercourse w ith foreign nations, including the permanent appropri- 

■ ation for Algiers. - - ,:. , " / ■ I- r " . ■ t " ^^^'^^^ 

4 For the Military and Indian departments, including the permanent appropriations for certain In- 

dian tribes, - - - ;..-.,"• r.i ".c., ,' 1,030.000 

5 For the Naval establishment, (exclusively of deficiencies for the service of the years 1804 and 

1805, which are estimated at 600,000 dollars) - - - ' - - - 1,070,000 

$11,450,000 
The extraordinary demands for the year 1806 amount to four millions of dollars, viz: 
The navy deficiencies for 1804 and 1805, as abovementioned. - - - 600,000 

And the balance of the American claims assumed by the French convention, which re- 
mained unpaid on the 30th September last, amounting to - - - 3,400,000 

4,000,000 

Making, altogether. - - $15,450,000 

It appears, from the preceding statement, that the permanent revenues of the United States will, during the en- 
suing year exceed the permanent expenditures by a sum of more than one million of dollars; and that the moneys 
already on hand, together with th» temporary resources of the year, will, after leaving the sum which it is always 



1805.] STATE OF THE FINANCES. I43 



necessary to keep in the treasury, be sufficient to discharge the navy deficiencies, and the whole amount of the 
claims assumed by the convention with France, the large receipts oi" last year rendering it unnecessary to recur 
for that object to the loan authorized by the act of the lOtb of November, 1803. 

MEDITERRANEAN FUND. 

It appears by the statement B that the additional duty of two and a-half per cent, on goods paying duties ad 
valorem, which constitutes the •'Mediterranean fund," amounted, during the six last months of 1801. to 503,038 
dollars. And it is ascertained that the amount of the duty accrued during the year ending on the 30th day of June, 
1805, was 990,000 dollars. This apparent product will, it is true, be diminished by siiljseciuent exportations; but it 
is believed, from a view of the value of the goods imported in 1H03 and 1801, which are charged with tiiat duty, that 
the fund may be estimated as producing nearly $900,000 a year. If that estimate be correct, the fund will ultin\ately 
produce, during the one year and nine months commencing on the 1st day of July, I8O1, and ending on the 31st day 
of March, 180G, - - - - - - - - .' 1,575,000 

The expenses heretofore charged on that fund, have been, viz: 
Paid in 1801, to the Navy Department, uiuler the act constituting the fund, - 5-25,000 

Paid in 1805, to the said Department, by virtue of the '2d section of the act of 25th Jan. 1805. 590,000 



Making, altogether, -.--.... 1,115,000 

And leaving an unappropriated surplus, estimated at - - . _ . $400,000 

But which will be more than absorbed by the navy deficiencies above-mentioned. 

The moneys actually received or to be received into the treasury, on account of that fund, prior to tiie 1st day 
of January, 1800, are estimated at about $000,000. The residue will be received between that day and the 31st 
day of March, 1807, and credit has been taken for a sum of $900,000 on that account, in the preceding estimate of 
the receipts of the year 1806. 

PUBLIC DEBT. 

The payments on account of the principal of the public debt have, during the year ending on the 
30th September, 1805, exceeded four millions three hundred and seventy-seven thousand dol- 
lars,as appears by estimate D. - - - - - - - $4,377,898 03 

The two last instalments due to Great Britain, and amounting to one million seven hundred and 

seventy-six thousand dollars, have also been discharged during the same period, - - 1,770,000 00 

Making, in tlie whole, a reimbursement of more tiian six millions one hundred and fifty thousand 

dollars. - - - - - - - - - - 0,153,898 63 

As the exportation o| the specie necessary to discharge the last mentioned instalment, would 

iiave been sensibly felt, it was found eligible to pay it in London, in conformity witii the authority 

given by the act of the 3d of March, 1805; and the operation was effected at par, by the Bank of 

the United States. 

It appears, by the same statement D, that the payments on account of the public debt, fiomthe 

1st April, 1801, to the 30th September, 1805, have amounted to almost $18,000,000 17.954,790 49 

During the same period there have been paid to Great Britain, in satisfaction and discharge of 

the money wiiich tlie United States might have been liable to pay, in pursuance of tiie provisions of 

the 0th ai'ticle of the treaty of 1794, ------- -2,664,00000 

The balance in the Treasury amounted, on the 1st day of April, 1801, to - 1,794,052 59 
And on the 30th day of September, 1805, to - - - - 4,575.054 37 



Making an increase of - - - - 2,781,001 78 

From whicli, deducting the proceeds of the sales of the Bank shares, - 1,287.600 00 



Leaves for the increase arising from the ordinary revenue, - . . . 1.494.001 78 



Making, in the whole, a difference of more tiian twenty-two millions of dollars in favor of the 
United States, during that period of four years and a half. ----- $-22,112.79227 



In order to give a more general and concise view of the receipts and expenditures of the United States, during 
the four years, commencing on the 1st day of April, 1801, and ending on the 31st day of March, 1805, than can be 
derived from the annual printed accounts, a statement, marked H. and several explanatory statements, marked 
H 1. to H 8, have been atided to tliose which usually accompany this report. 

From those it appears, that a sum of fifty millions six hundr-ed and sixty-seven thousand four hundred and sixty- 
seven dollars and tour cents, has been paid into the tr-easury during that period, viz: 

From duties on tonnage, and on the importation of foreign meichandise. - - - 45,174,837 22 

Fnmi all other soui-ces, (including $1,596,171 43 cents, arising from the sales of Bank shares 
and of public vessels) --.---._ 5,492,6-39 82 

50.607.467 04 



And that the expenditures, during the same period, have amounted to forty-nine millions six hundred and sixty- 
five thousand five hundred and twenty-seven dollars and fifty-six cents, which have been disbursed for the follow- 
ing purposes: 

1. Less than one-third of the whole has been sufficient to defray all the cui-rent expenses of the United States, 
viz: 

For the civil list, and all domestic expenses of a civil nature, - - 3,780.114 79 

For the military establishment and Indian department, - - . 4,40.5,192 20 

For the naval establishnient, - - - - - - 4,842,635 15 

For the expenses attending the intercourse with foreign nations, - - 1,071,437 84 



Amounting, altogether, to - - - - 14,105,380 04 

2. Near one-third was necessary to pay the intert^t on the public debt, viz: - - - 10,278,700 95 

On which subject it may not be improper to observe, tliat a part of that sum. amounting to 
$3,100,000, was paid on account of the interest on the deferred stock, a charge which commenced 
only in the year 1801, and was, therefore, in addition to the annual sum wanted before that year, 
for "the payment of interest on the public debt 

3. More than one-third, and which may be considered as the surplus revenue of the United 
States, during that period, has been applied towards the reimbursement and extinguishment of the 
debt, viz: 

On account of the principal of the public debt proper, - - 16,317.003 92 

In paymentof debts contracted before the 1st day of April, 1801, and arising un- 
der the British treaty and under the French convention of 30th September, 1800, 2,903.782 65 

19,281,146 57 



$49,665,527 56 



144 



FINANCE. 



[1805. 



It is sufficiently evident, that, whilst one-third of the national revenue is necessarily absorbed by the payment 
of interest, a persevering application of the resources afforded by seasons of peace and prosperity, to the discharge 
of the principal, in the manner directed by the Legislature, is the only eftljctual mode by which the United States 
can ultimately obtain the full command of their revenue, and the free disposal of all their resources. Every year 
produces a diminution of interest, and a positive increase of revenue. Four years more will be sufficient to dis- 
charge, (in addition to the annual reimbursements on the six per cent, and deferred stocks) the remainder of the 
Dutch debt, and the whole of the eight per cent., navy six per cent., five and a half per cent, and four and a half 
per cent, stocks. As the portion of the public debt which shall then remain unpaid, will consist of the six per cent, 
deferred, and Louisiana stocks, neither of wiiich can be reimbursed, except at the periods, and in the proportions 
fixed by contract, and ot the three per cent, stock, which its low rate of interest will render it ineligible to discharge 
at its nominal value, the rapidity of the reduction of the debt, beyond the annual reimbursements permitted by the 
contracts, will, after the year 1809, depend on the price at which purchases may be effected. And, should circum- 
stances render it eligible, a considerable portion of the revenue now appropriated for that purpose, may then, in con- 
formity with existing provisions, be applied to other objects. 

All which is respectfully submitted 



Treasury Department, December 9th, 1805. 



ALBERT GALLATIN, Secretary oj the Treasury. 



A statement exhibithig the amount ofdtities tvhich accrued on merchandise, tonnage, passports, and clearances; of 
debentures issued on the exportation of foreign merchandise; of payments for bounties and alloumnces, and for 
the expenses of collection, during the years 1803 and 1804. 



1803 
1804 



DUTIES ON 



Merchandise. 



14,249,958 57 
20,372,567 65 



Tonnage. 



Passports 
and clear- 



166,528 91 
208,730 00 



15,902 
17,334 



Debentui-es 
issued. 



2,569,813 
6,686,483 



Bounties and 
allowances. 



151,717 86 
192,741 51 



Gross revenue. 



tl 1,710,858 62 
(a.) 13,719,407 14 



Expenses of 
collection. 



404,428 40 
484,045 68 



Nett revenue. 



11,306,430 22 
13,235,361 46 



(a.) Gross revenue for tiie year 1804, 
Deduct interest and storage. 

Gross revenue, per statement B, 



$13,719,407 14 
14,670 09 

$13,704,737 05 



Statement of the amount of .American and Foreign tonnage employed in the foreign trade, for the year 1804, as 

taken from the records of the Treasury. 



American tonnage in foreign trade, ... - _ . 

Foreign tonnage, ---------- 

Total amount of tonnage employed in the foreign trade of the United States, 

Proportion of foreign tonnage to the wholeamount of tonnage employed in the foreign trade 
of the United States, --------- 



Tons, 821,962 
122,140 



944,102 



12.9 to 100 



Treasury Department, Register's Office, December 9th, 1805. 



JOSEPH NOURSE, Register. 



B. 

A statement exhibiting the value and quantities, respectively, of merchandise, on which duties actually accrued, 
during the year 1804, (consisting of the difference betioeen articles paying duty, imported, and those entitled to 
drau'back, re-exported) and, cdso, of the nett revenue which accrued, during that year, from duties on merchan- 
dise, tonnage, passports, and clearances. 



Goods paying duties ad valorem. 



$30,211,367 at 12.^ percent., 
7,641,925 at 15 do. 
425,236 at 20 do. 

-Additional duty on 



22,297,845, at 2:^ per cent. 



$38,278,528 



fa-J 
(b.) 
(c.) 
(d.) 
(e.) 



Spirits, 
Sugar, 
Salt, 
Wines, 
Teas, 
Coffee, 
Molasses, 
(f) Allothei 



10,488,696 gallons, at 29.2cts. average, 

55,070,013 pounds, at 2.5 cts. do. - 

2,439,241 bushels, at 20 cts. do. - 

3,003,312gallons, at 31.9cts. do. - 

2,423,074 pounds, at 20 cts. do. - 

6,101,191 do. at 5 cts. do. - 

6,535,513 gallons, at 5 cts. do. - 

• articles, - - - - 



Deduct duties refunded, and difference in calculation, 

3J per cent, letained on drawbacks, - _ - 

Extra duty of 10 per cent, on merchandise imported in foreign vessels, 

Nett amount of duties on merchandise, 



$3,776,420 87 
1,146,288 75 
85,047 20 
557,446 12|^,^.; 

$5,565,202 94 

3,061,007 38 
1,382,959 01 

487,848 20 

958,117 79 

485,133 40 

305,059 55 

326,775 65 

488,854 38 



13,060,958 30 
15,448 52 



$13,045,509 78 
245,000 56 
188,162 71 

$13,478,673 05 



1805.] 



STATE OF THE FINANCES. 



145 



Duties on tonnage, 
Light money. 

Duties on passports and clearances. 

Gross revenue, per statement A, 
Deduct expenses of collection, - 



Nett revenue, 



159,429 84 
49,300 16 



208,730 00 
17,334 00 

13,704,737 05 
484,045 08 

U3,2'20,691 37 



Explanatory Statements and Notes. 

^^'J.y' Additional duty of 2^ per cent. - - . . 

Sj per cent, retained on drawback, - - - . 

Extra duty of 10 per cent, on merchandise imported in foreign vessels. 



$557,440 12 
1,710 12 

3,881 77 

$503,038 01 



s. Grain, 


1st proof, 1,083,074 


gallons. 


at 28 


cent 




2d do. - 29,812 


do. 


29 


do 




3d do. - 4,761 


do. 


31 


do 




4th do. - 52,168 


do. 


34 


do. 




5th do. - 3,653 


do. 


40 


do 




6th do. - 217 


do. 


50 


do 


Other materials. 


1st and 2d proof, 2,080.319 


do. 


25 


do 




3d do. 2,681,848 


do. 


28 


do 




4th do. 4,531,991 


do. 


32 


do. 




5th do. 14,253 


do. 


38 


do. 




10,488,696 





(b.) Sugar, brown. 53,828,275 pounds, at 2i cents, 
white, 1,241,738 do. 3 do. 



lbs. 55,070,013 



$303,428 72 

8,045 48 

1,475 91 

17,-37 12 

1.461 20 

108 50 

.521,579 75 

750,917 44 

1,450,237 12 

5,416 14 

$3,061,007 38 

$1,345,706 87 
37,252 14 

$1,382,959 01 



(c.) Salt, imported, bushels of 56 pounds. 

Exported, ... . 31^047 

Ar.iount of bounties and allowances, $192,741 51, 

reduced into bushels at the present rates, - 963,708 



3,433,996 



994,755 



Paying duty, bushels of 56 pounds, 

(d.) Wines, Madeira, 1st cjuality, 
2d do. 
Sherry and St. Lucar, 
Oporto and Lisbon, 
Burgundy and Champaigne, 
Tenerifte, Fayal, and Malaga, 
Other, in bottles. 
Do. in casks. 



2,439,241 at 20 cents. 



242,500 gallons, at 58 cents. 



134,587 


do. 


50 


do 


553,962 


do. 


40 


do. 


254,999 


do. 


30 


do. 


1,766 


do. 


45 


do. 


477,103 


do. 


28 


do. 


82,295 


do. 


35 


do. 


2,256,100 


do. 


23 


do. 



3,003,312 



(e.) Teas, Bohea, 

Souchong, - 
Hyson, 
Other green. 



428,132 pounds, at 12 cents, 
912,238 do. 18 do. 

439,196 do. 32 do. 

643,508 do. 20 do. 



2,423,074 



Extra duty on teas imported from other places than India, 



$487,848 20 

$140,650 00 

67,293 50 

221,584 80 

76,499 70 

794 70 

133,588 84 

28,803 25 

288,903 00 

$958,117 79 

$51,375 84 
164,202 84 
140,542 72 
128,701 60 



310 40 



$485,133 40 



14G 



FINANCE. 



[1805. 



Explanatory Statements and Notes — Continued. 



(/.) All other articles, viz: Articles which paid 
specie duties during the whole year. 



aUANTITIES. 



Domestic spirits from domestic produce, 



Beer, ale, and porter, 
Cocoa, - 
Chocolate, 
Sugar candy, 

loaf, - - " 

other refined, 
Candles, tallow, 

wax, - - ■ 

Cheese, - - ■ - 

Soap, - - - ■ 

Pepper, - - - 

Pimento, 
Tobacco, manufactured. 

Ditto, other than snuft'and cigars. 
Cigars, - - " ' 

Snuff, - - - - 

Ditto, - - - - 

Indigo, - - " " 

Cotton, - - - - 

Nails, - - - - 

Spikes, - - - , " 

Lead, and manufactures ot lead. 
Seines, - - - - 

Cordage, tarred. 

Ditto, 
Cordage untarred, and yarn, 

Ditto, 
Cables, - - - - 

Cables, - 

Steel, - - - - 

Hemp, - - - " 

Twine and pack thread, 
Glauber salts. 

Coal, - - - - 

Malt, - - - - 

Boots, - - - ■ 

Shoes, of Silk, - 

all other, for men and women, do 
all other, for children, - do 
Cards, wool and cotton, - doxens, 

playing, - - - packs, 

Articl es which paid duties ad valorem, be- 
fore 1st July, 1804, and were, by act ol 
March 27, 1804,chargedwithspecieduties 



gallons, 
pounds, 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

M. 
pounds. 

do 

do 

do 

do 

do 

do 

do 

cwt. 

pounds, 

cwt. 
pounds, 
cwt. 
pounds, 

cwt. 

do 

do 

do 
bushels, 

do 



Excess of im- 
portation over 
exportation 



pairs, 
do 



Almonds 

Currants, 

Prunes and plums, 

Fi^s 

Raisins, in jars, and Muscadel, 

Ditto, all other. 
Tallow, - - - 

Mace, - - " 

Nutmegs, 
Cinnamon, 
Cloves, - 
Chinese cassia, - 
Powder, hair, 

gun, - 
Starch, - 

Glue, - - . - 

Pewter plates and dishes, 
Anchors and sheet iron. 
Hoop and slit 
Quick silver, - 
Ochre, yellow, in oil, 

dry, yellow, 
Spanish brown, 
White and red lead. 
Fish, dried, 

pickled, salmon, - 
mackerel, 
all other, - 
black quart bottles, 
window, - 
Do 
Do 
do 



Glass 



Lime, 



pounds, 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 

do 
• do 

do 

do 

do 

do 

do 

ilo 

quintals, 

barrels, 

do 

do 
' groce, 
100 sq. ft. 

do 

do 
casks. 



Excess of ex- 
portation over 
importation. 



115 

120,617 

744,576 

1,380 

3,883 

1,155 

193 

16,217 

4,228 

126,795 

563,922 

307,736 

103,362 

39,346 

9,072 

6,525 

685 

2,853 

139,374 

3,819,198 

275,934 

3,784,036 

4,069 

331,671 

507 

73,225 

30 

51,877 

10,198 

81,358 

2,667 

667 

281,269 

6 

3,382 

4,741 

44,844 

9,248 

38 

2,389 



53,252 

12,534 

81,990 

7,407 

140,523 

12,672 

395,650 

708 

9,101 

3,104 

4,135 

39,388 

481 

257,667 

4,725 

17,859 

49,116 

278,642 

15,355 

2,259 

17,032 

146,039 

143,265 

877,642 

39,710 

5,266 

8,285 

6,297 

8,286 

7,155 

904 

1,118 

259 



Kate of 

duty. 



43,296 



403 



Cents. 



Excess of 

duties over 
drawback. 



7 
8 
2 
3 
Hi 
9 

6d 

2 

6 

7 

2 

6 

4 
10 

6 

200 

22 

10 

25 

3 

o 

1 
1 
4 

180 
2 

225 
2i 

180^ 

2 

100 

100 

400 

200 

5 

10 

75 

25 

15 

10 

50 

25 



2 
2 
2 

2 

2 

u 
1^ 

125 
50 
20 
20 

4 

4 

4 

3 

4 

4 

U 
1 
6 
U 
1 
1 
2 
50 

loo 

00 

40 

60 

160 

175 

225 

50 



9,649 

14,891 

41 

446 

103 

12 

324 

253 

8,875 

11,278 

18,464 

4,134 

3,934 

544 

13.050 

150 

285 

34,843 

76,383 

2,759 

37,840 

162 

6,633 

1,140 

1,830 

54 

1,037 

10,198 

81,358 

10,668 

1,354 

14,063 

2,536 
1,185 
6,726 

924 
19 

597 



05 
36 
52 
40 
55 
95 
54 
34 
68 
65 
44 
16 
48 
60 
32 
00 
70 
30 
50 

96 
34 
36 
76 

42 
75 
62 
00 
54 
00 
00 
00 
00 
45 
60 
50 
25 
60 
80 
00 
25 



Excess of 
drawback 
over duties 



1,298 88 



725 40 



$378,766 74 



1,065 04 
250 68 

1,639 SO 
148 14 

2,850 46 
190 08 

5,934 75 
885 00 

4,550 50 
620 80 
827 00 

1,575 52 

19 24 

10,306 

141 

714 36 

1,964 64 

4,179 63 
153 55 
135 54 
255 48 

1,460 39 

1,432 65 
17,552 84 
19,855 00 

5,266 00 

4,971 



68 
75 



2,024 28 



376,742 46 



00 



2,518 SO 



4,971 

11,448 00 

1,582 00 

2,515 50 

129 50 



Dolls. 



112,111 92 



488,854 38 



Treasury Department, Begister^s Office, December 9, 1805. 



JOSEPH NOURSE, Register. 



1805.] 



STATE OF THE FINANCES. 



147 



.& 



•S^ 



s 
s 
o 






B 






o 


i»Il 


o 
on 


ff 








5^ 


•.^ 












«.> 


>n 


o 


<-> 




00 





55.2 



O O 
CO tt 



S '5 






s 


4 








^ 


=s 


%> 


•!?•» 


irt 


IJ 


•p* 


r-» 




%1 






=»i 


'< 


-o 



■2-2 

00 ^ 



■^ s 



a 



■^ 



!3 





Total balance 
due 1st Octo- 
ber, 1805. 


$65,848 45i 

26,520 83 
616,669 961 
536,990 02 
1,077,720 69 


CO 

a> 
■* 

CO 
CO 

of 




o 

00 

^- 

I— < 

o 

K 
D 

a 

u 
o 
z 
<i 

< 
n 


2 
i> 

o 
K 

M 


$5,383 42 
3,467 30 
58,901 47| 
100,664 65 
61,027 26| 


T— * 




O 


$60,465 03| 

23,053 53 
5.57,768 49^ 
436,325 37 
1,016,693 421 


lO 

00 

o 

CO 

-!• 
CD 
O 

C5 




PAYMENTS BY RECEIVERS. 


li 


$133 50 
1,179 43i 
2,470 02 
219 98 


-Id 
CO 
05 

OQ 

o 
o 




t- en 
C4 C 


$1,699 12i 
525 04 
7,598 86^ 
5,631 76 
5,277 14| 


«lc* 
CO 
OJ 

CO 




O 

c 


$15,526 Q\\ 

5,012 04 
262,005 72 
165,574 89 
227,735 66| 


CO 
CO 

o 

00 

in" 

CO 




a: 
u • 

C ►J 

•A < 

ss 

> 3 

m - 

3S 


On account 
of forfeit- 
ures. 


$42 38 

223 06^ 
111 86 

725 68 


-Id 

00 

■* 

O! 

o 




On account of 
purchase. 


— c lO CT CD CT 

-* 0> CO CO LO 

O -I' O >n -CH 

en -f CO CO c! 
(>) CO — irt^oo^ 
co" -t t~^ CO — ' 
— — t^ CO 
«& CT -< — 


00 

00 

05 

in 
00 

in 
t^ 

in 




Due by indivi- 
duals, 1st of 
Oct. 1804. 


^\rfi c^hr-lc'-lcl 
^ CO t^ lO CO 
CO CO 00 rt -»i 

— 1 — ' ^ (>} (M 
CO CJ en CO t^ 
J^ O t^ 00 t^ 

00 O 00 05 CO 

— C5 t^ f^ -r 

^ Tf CO lO 


-Id 
o 
in 

(N 

0> 
-t* 
CO 
rt* 

r 




In the hands of 

Receivers, 
1st Oct. 1804. 


CO CT> CO CO -■ 
CO »0 05 00 t^ 

— 1 00 CO CN o> 
J^ CO CO CO CO 

in c^ t^ CO -i'_^ 

-1^ -^ -f O CO 
^ O Ol C5 


O 

C5 
CO 

CO 

CO 
CO 




a 
.J 
o 

Vi 

Q 
< 


6 
E 

en 
ctl . 

a " 


$57,999 lO.i 
5,376 12 
301,103 94 
239,728 58 
631,745 48 


55 

o\ 

CO 

in 
in 

CO 
(>5 




en 


28,999.551 

2,688.06 

150,551.97 

119,740.49 

317,286.06 


CO 

o 
O) 

r 

(O 






m 
'A 
O 

O 


Zanesville, 

Marietta, 

Steubenville, 

Chillicothe, 

Cincinnati, 





CO CO 
CO CO 
CO^C5_^ 

CO ^ 
Ol — ' 
05 CO 



O 
00 



S 



«& 



in 



o 


CO 


CO 


■^ 


05 


CO 


-rr 


in 


CO 


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05 


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05 




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CO 
— CO 



in 

CO 



OC' 
00 I 



3 



C3 



si 

C4 



B 
S 
o 

s . 

CS 

> 

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-§ 



-a 
a; 

3 
O 

c 



in 

o 

00 






GQ 



o 

CO 
WD' 

a 
a 

C8 . 

05 • 
05 



05 

J3 










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m 


CO 








13 


O ' 


•■ 1 

en 


1 


' 


05 I 












05 

o 


-H 






c 


3 






Uj 


o 


CO 




cn 




nS 




C 





s I 


<U 1 


, 


ctf 




a 






r- 


9 " 




c 




rt 


— en 


05 


;d 




? 


3 u 
en OJ 


en 


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X 


ffl > 




-^ i^ 


05 


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S: 0) 


C4-1 






^ 




-a > 




-3 


-. 05 


.:: cd 
|l 

05 4J 


is 


en 
1) 


05 

S 
>■ 

U 

.0 


cc c^ 

15 ° 

3 en 

> 3 

:^ 

•J 

S 


~ 






c 
7^ 


CS »s 


- £ 


C3 


0) 


,._ 






> 




-0 


-0 0) 


r^.^ 


^ 


05 

OJ 


'3.S 


''1^ 


S.aT 




^ 


>>-!-; 


o-a 

en 





-0 


^ 


05 ^ 












^ *J 


^ 


J2 


-*-> 


u ^ 












_. 3 

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148 



FINANCE. 



[1805. 



Statement C — Continued. 
Estimate showing tvhen the instalments which compose the balance due from individuals will become payable. 



OFFICES. 


Remaining due 
in 1805. 


Becoming due 
in 1806. 


Becoming due 
in 1807. 


Becoming due 
in 1808. 


Becoming due 
in 1809. 


TOTAL. 


Zanesville, 
Marietta, 
Steubenville, - 
Chillicothe, - 
Cincinnati, 


5,334 165 

39,805 174 

73,233 15; 

266,426 62i 


8,437 79| 
6,002 40| 

168,004 08^ 
97,093 53| 

222,531 37| 


20,291 875 

5,673 794 

165,808 OI5 

123,260 394 

245,003 798 


20,291 87g 

4,900 65| 

123,927 36 

100,924 95i 

215,120 21| 


11,443 49^ 
1,142 51 
60,233 86 
41,813 33J 
67,611 41 


$60,465 03| 
23,053 53 
557,768 49^ 
430,325 37 
1,016,693 42i 




384,799 llf 


502,069 201 


560,037 86| 


465,165 05| 


182,234 60| 


2,094,305 85 



The instalments represented as becoming due at Cincinnati, are calculated upon the same principle as those 
accruing from ordinary sales of land; but a portion of them, estimated at $360,000, arising from the sales of pre- 
emption lands, has, by the provisions of the 8th section of the act of Maich 26th, 1804, been made payable in six 
annual instalments, commencing on the 1st day of January, 1807. 



Treasury Department, Register's Office, December 9, 1805. 



JOSEPH NOURSE, Register. 



D. 



An estimate of the principal redeemed of the debt of the United States, from the 1st October, 1804, to theSCth Sep 
temher, 1805, inclusive; shotving, also, the redemption of the principal of the said debt, from 1st April, 1801, tt 
the 30th September, 1805. 



to 



On account of the domestic debt. 

The amount of warrants issued on the treasury of the United 
States, according to the quarter yearly statement cf receipts 
and expenditures, from 1st October, 1804, to 30th Sep- 
tember, 1805, exclusive of $560 02, repaid into the trea- 
sury, was - - -. - $4,730,156 68 

Deduct interest which accrued during the same 
period, calculated quarter yearly, - 3,245,743 96 

Payments made in certificates of the debt of the United 
States, on account of lands purchased, - - 

Payments made to foreign officers, and for certain parts of 
the domestic debt, - - 

Payments on account of domestic loans, 

On account of the foreign debt. 

The amount of warrants issued on the treasurer, exclusive 
of $4,458 74. the commission to agents purchasing bills of 
exchange, was - - - - $2,627,067 93 

Deduct interest accruing thereon, viz: 

On the Dutch debt. Including commissions and 
charges, - - - 179,667 76 

On theTiOuisiana six per cent, stock, 



Redemption from 
1st Oct. 1804, to 
30th of Septem- 
ber, 1805. 



including commissions, 



Deduct gain on exchange. 



678,375 00 

858,042 76 
134,876 85 



723,165 91 



1,474,412 72 

41,471 68 

8,112 21 
950,000 00 



1,903,902 02 



4,377,898 63 



Redemption from 1st 
April, 1801. to 30th 
September, 1804, as 
per statement re- 
ferred to in the Sec- 
retary's report of 
19th Nov. 1804. 



3,683,190^44 

53,146 13 

65,997 03 
2,490,000 00 



7,284,558 26 



13,576,891 86 



Total principal 
redeemed, from 
1st April, 1801, 
to 30th Sept. 
1805. 



5,157,603 16 

94,617 81 

74,109 24 
3,440,000 00 



9,188,460 28 



17,954,790 49 



Treasury Department, Register's Office, December 9th, 1805. 



JOSEPH NOURSE, Register. 



1805.] 



STATE OF THE FINANCES. 



149 



E. 

Statement exhibiting the amount of duties fvhich accrued on 7nerchandi.se, tonnage, passports, and clearances, of 
debentures issued on the exportation of foreign merchandise, of payments for bounties and allowances, arid 
for expenses of collection, duritig the year 1801. 



DUTIES ON 


Debentures 
issued. 


Drawback, 

bounties, and 

allowances. 


Gross revenue. 


Expenses of 
collection. 


Nett revenue. 


Merchandise. 


Toniiag'e. 


Passports & 
clearances. 




20,216,347 49 


172,826 29 


17,756 


7,819,093 


116,002 36 


(«) 12, 47 1,83 4 42 


451,555 15 


12,020,279 27 



(«)Gross revenue for the year 1801, 
Deduct interest. 

Gross revenue, per statement B, 



$12,471,834 42 
19,863 38 

.$12,451,971 04 



Treasury Department, Register's Office, December 6th, 1805. 



JOSEPH NOURSE, Register. 



Statement exhibiting the value and (ivantities, respectively, of rnerchmulise on which duties actmdly accrued, 
during the year 1801, consisting of the difference between articles paying duty, imported, and those entitled to 
draivback, re-exported; and, also, of the nett revenue u'hich accrued during that year, from duties on merchan- 
dise, tonnage, passports, and clearances. 



Goods paying' duties ad valorem. 


Dolls. Cts. 


Dolls. Cts. 


$34,227,844 at 12^ per cent. ------ 

8,815,170 at 15 do. ---... 
504,570 at 20 do. ----- - 


- 


- 


4,275,980 50 

1,322,275 50 

100,914 00 




$43,527,584 

{a. ) Spirits, 7,608,563 gallons, at 29.2 average. 

(6.) Sugar, 47,882,376 pounds, at 2.T cents average, 

(c.) Salt, -J.SSl, 803 bushels, at 20 cents, 

((/.) Wines, 1,223,721 gallons, at 35 cents average. 

(e.) Teas, 2,669,831 pounds, at 18.2 cents average, 

Coftee, 8,471,396 pounds, at 5 cents, - - - . 
(/.) Molasses, 5,447,545 gallons, at 5 cents, - - - - 
Ig.) All other articles, ---.... 


5,699,170 00 
2,221,064 36 
1,199,384 29 
576,360 60 
428,411 01 
484,636 12 
423,569 80 
272,377 25 
432,124 03 




Deduct amount of duties refunded. - - - . 


11,737,097 46 
37,773 03 


11,699,324 43 
305,825 86 
256,238 46 


3| per cent, retained on drawbacks, ----.. 
Extra duty of ten per cent, on merchandise imported in foreign vessels, 


- 


Nett amount of duties on merchandise, . - . . 
Duties on tonnage, .--.--. 
Duties on passports and clearances, ----- 


12,261,388 75 

172,826 29 

17,756 00 


Gross revenue, per statement .\, - 

Deduct expenses of collection, --..-_ 


12,451,971 04 
451,555 15 


Nett revenue, -------- 


$12,000,415 89 



E.rplanatory Statements and Notes. 



(a.) Spirits — Grain, 


1st 


proof, 716,817 


gallons, < 


it 28 cent 




2d 


do 86,370 


do 


29 do 




3d 


do 9,095 


do 


31 do 




4th 


do 61,637 


do 


34 do 


Other materials, 


1st and 


2d do 1,391,919 


do 


25 do 




3d 


do 2,724,308 


do 


28 do 




4th 


do 3,099,911 


do 


32 do 




5th 


do 35,326 


do 


38 do 




6th 


do 336 


do 
gallons. 


46 do 


Imported . 


- 8,125,719 


_ 


Exported, 


- 


517,156 


» 


- 


Consumed, - 


- 7,608,563 


- 


(6.) Sugar — Brown, 


. 


- 47,417,397 lbs. at 2, 


cents, 


\\ hite, 


- 


464,979 


do at 3 


do 






47,882,376 


- 


- 



$200,708 76 

25,047 30 

2,819 45 

20,956 58 

347,979 75 

762,806 24 

991,971 52 

13,423 88 

154 56 

S2,365,868 04 
144,803 68 

2,221.064 36 

1,185,434 92 
13,949 37 

51,199,384 29 



20 



tt 



150 



FINANCE. 



[1805. 



(f .) Salt— Imported bushels, of 56 lbs. 
Exported, - ', „ ' 

Amount of bounty and allow- 
ances, 103,435 92, reduced 
into bushels at the present 
rates, - - " 

Paying duty, bushels of 56 lbs. 

(rf.^Wines— Madeira, 1st quality, - 
Do 2d do 
Sherry and St. Lucar, 
Oporto and Lisbon, 
Burgundy and Champaigne, 



72,021 



517,180 



3,471,004 



589,201 



2,881,803 at 20 cents, 



Tenerifie, Fayal, & Malaga, 252,545 
All other, in bottles 
Do in casks, 



174,548 gallons, at 58 cents, 

80,150 

62,181 

450,080 

3,863 



72,245 
128,109 

1.223,721 



do 
do 
do 
do 
do 
do 
do 



50 do 

40 do - 

30 do - 

45 do - 

28 do - 

35 do - 

23 do - 



(e.)Teas — Bohea, 

Souchong, - - - 

Hyson, 
Other green. 

Extra duty on teas imported from 
other places than India, 



1,032,486 pounds, at 12 cents, 



488,311 
306,139 

842,895 



do 
do 
do 



18 do - 
32 do - 
20 do - 



(/.) Molasses — Imported, 
Exported, 
Spirits distilled, 



2,669,831 



gals. 330,951 
1,778,299 



Molasses consumed, - - - - 

Spirits distilled, - -. 1,778,299 

$37,699 37 drawback on spirits ex- 
ported, reduced into gallons, at 15 cts. 251,329 

Spirits consumed, . . . - 

Total molasses and spirits consumed. 



6,029,825 gallons. 



3,109,250 
3,920,575 



1,526,970 



5,447,545 gallons, at 5 cents, 



576, 360 60 

101,237 84 
40,075 00 
24,872 40 

135,024 00 

1,738 35 

70,712 60 

25,285 75 

29,465 07 

$428,411 01 

123,898 32 
87,895 98 
97,964 48 

168,579 00 

6,298 34 
$484,636 12 



$272,377 25 



(g-.) ALl OTHER AHTICLES. 



Excess of im- 
portation over 
exportation. 



Beer, ale, and porter, gallons. 

Cocoa, 

Chocolate, 

Sugar candy, 

Do loaf. 

Do other refined. 
Candles, tallow. 

Do wax, 



Ciieese, 

Soap, 

Pepper, 

Pimento, 

Tobacco, 

Snuft; 

Indigo, 

Cotton, 

Nails, 

Spikes, 



lbs. 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 
do 



aUANTITIES. 



Excess of ex- 
portation over 
importation. 



cwt. 
do 
do 
do 
do 



Lead, and manufactures of, lbs. 

Steel, 

Hemp, 

Cables, 

Cordage, tarred. 

Do untarred. 
Twine and packthread, do 
Glauber salts, do 

Coal, bushels, - 

Boots, pai>-s. 

Shoes, silk. «lo 

Do all other for men & women. 

Do tiir children, pairs, 
Cards, wool and cotton, do 

Do playing, packs, - 

Domestic spirits from molasses. 

Do from domestic produce 



pairs. 



gall's, 
, do - 



158,422 

1,994,023 

3,104 

4,971 

6,879 

6,932 

176,323 

2,451 

66,724 

457,059 
113,079 
164,912 

210,224 

512,308 

3,120,691 

280,237 

1,783,900 

14,844 

80,851 

990 

24,738 

1,439 

1,696 

1,346 

616,483 

6,575 

1,550 

79,152 

6,441 

70 

3,467 



461,560 



5,061 



21,921 
519 



Rate of 
dutj. 



67s. 

8 
2 
3 

lis 
9 

6^ 
2 

6 

7 
2 

6 

4 

10 

22 

25 

3 

2 

1 

1 

100 

100 

180 

180 

225 

400 

200 

5 

75 

25 

15 

10 

50 

25 

15 

7 



Excess of du- 
ties over 
drawback. 



12,673 76 

21,880 46 

93 12 

571 

619 

450 

3,526 

147 

4,670 



27,423 54 

4,523 16 

16,491 20 

52,556 00 

15,369 24 

62,413 82 
2,802 

17,839 

14,844 

80,851 
1,782 

44,528 40 
3,237 75 
6,784 00 
2,692 00 

30,824 15 

4,931 25 

387 50 

11.872 80 

644 10 

35 00 

520 05 



37 
00 
00 
00 
00 



Excess of 

drawback 

over duties. 



$447,985 23 



9,231 20 



1,113 42 



5,480 25 
36 33 



$15,861 20 $432,124 03 



Treasury Department, Begister^s Office, December 6th, 1805. 

JOSEPH NOURSE, Begister. 



1805.] 



STATE OF THE FINANCES. 



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FINANCE. 



[1805. 



Statement G — continued. 
Estimate showing when the Instalments, which compose the balance due from, individuals, will become payable. 



Offices. 


Remaining due 
in 1804. 


Beeoming due 
in 1805. 


Becoming- due 
in 1806. 


Becoming due 
in 1807. 


Becoming due 
in 1808. 


Total. Dollars. 


Zanesville, - 
Marietta, 
Steubenville, 
Chillicothe, 
Cincinnati, - 


1,385 06 

3,732 72| 

6,130 02| 

56,781 77| 

108,748 43f 


4,601 65.1 
175,529 481 
132,784 591 
161,566 351 


5,792 091 
5,800 88| 

152,951 96 
78,974 72J 

132,206 40| 


5,792 09^ 

4,329 76.1 

90.532 03 

63,328 24| 

87,067 \0\ 


5,792 09^ 

3,556 62| 

48,651 371 

40,992 802 

57,183 84| 


18.761 341 

22,021 66 

473,794 87| 

372,862 151 

546,772 464 


Dollars, 


176,778 02 J 


474,482 09 


375,726 07^ 


251,049 531 


156,176 75J 


1.434,212 50.^ 



Treasury Department, Registers Office, December 9, 1805. 



JOSEPH NOURSE, Register. 



H. 

Ji General Stcdement of the Receipts and Expenditures of the United States, during the four years, commencing 
on the 1st day of ..flpril, 1801, and ending on the 31st March, 1805. 

RECEIPTS. 





From April 1 
to Dec. 31, 

1801. 


1802. 


1803. 


1804. 


From Jan. 1 

to March 31, 

1805. 


Total. 


1. Customs. 

Sales of Public Lands, - 
Postage. - - - 
Internal Revenues, 
Direct tax, - 

2. Incidental, - 
Extraordinary. («.) 


8,578,148 93 
159,226 06 

52,500 00 
819,582 82 
340,126 25 

62,488 14 
187,668 04 


12,438.235 74 

188,628 02 

35,000 00 

621,898 89 

206,565 44 

45,811 76 

1,407,090 53 


10,479,417 61 

165,675 69 

16,427 26 

215,179 69 

71,879 20 

99,599 01 

1.412 86 


11.098,565 33 

487,526 79 

26.500 00 

51.118 28 

50,198 44 

131,232 64 


2,580,469 61 
37,173 75 
3,000 00 
2,874 48 
4,731 75 
1,514 03 


$45,174,837 22 

1,038,230 31 

133,427 26 

1.710,654 16 

673,501 08 

340,645 58 

1,596,171 43 


Total, Dollars, 


10,199,740 24 


14,943,230 38 


11,049,591 32 


11,845,141 48 


2,629,763 62 


50,667,467 04 


Balance in the Treasury on the 1st of April, 1801. 


1,794,052 59 




$52,461,519 63 

. 



EXPENDITURES. 





From April 1 

to Dec. 31, 

1801. 


1802. 


1803. 


1804. 


From Jan. 1, 

to March 31, 

1805. 


Total. 


3 C Civil List, 
■ <. Miscellaneous, - 

5. Military Establishment, 

6. Naval Establishment, - 
4. Foreign Intercourse, 

7. Interest on Public Debt, 

8. Principal of ditto, (c.) - 
Extraordinary, (6.) 


$314,295 04 

266,642 09 

1.120,945 32 

1,266,010 00 

278,768 48 
2,908,674 06 
2,743,066 84 


557,227 85 

396,285 92 

1.281,117 01 

921,561 87 

331.308 02 

4.121,150 07 

5,182,770 11 

226,502 89 


496,302 64 

270,735 97 

883.841 28 

1.215,230 53 

'227,773 78 

3,888,612 24 

3,425,991 87 

892,215 73 


600,544 91 

470,328 62 

991,960 25 

1,189,832 75 

229,591 54 

4,293,324 03 

3,845,075 01 

957,064 03 


218,319 95 

195,411 80 

127,328 40 

250,000 00 

3,996 02 

1,066,940 55 

1,120,760 09 

888,000 00 


2,186,690 39 
1,599,404 40 
4,405,192 26 
4,842,635 15 
1,071,437 84 
16,278,700 95 
16,317,663 92 
2,963,782 65 


Total, Dollars, 


8,898,401 83 


13,017,923 74 


11,300,704 04 


12,577,721 14 


3,870,756 81 


49,665,507 56 


Balance in the treasury on the 31st of March, 1805, 


2,796,012 07 




52,461,519 63 



(rt.) Sales of bank shares, 
Sales of public vessels, 



$1,287,600 00 
308,571 43 

$1,596,171 43 



1805.] STATE OF THE FINANCES. I53 



(b.) Payments made to Great Britain in exchange of the 6th article of the British 

treaty, ------... $2,664,000 00 

Payments made to Great Britain of awards under the 7th article of the British 

treaty, -------.. 73^279 73 

Restitution of nett proceeds of French prizes, under the Convention of 1800, 220,502 89 



S.9G.'),782 62 



(c.) Payments on account of the principal of the public debt, per above. - - - . $16,317 663 92 

Payments on account of extraordinary demaiuis arising from engagements ' 

entered into with foreign nations, prior to the 1st April. 1801, - - $2,963,782 63 

Deduct extraordinary resources, resulting from the sale of bank sliares and 

public vessels, as per above, ...... 1,596,171 43 



INCREASE OF SPECIE IN THE TREASURY. 



Balance on the 1st of April, 1801, - . . . $1,794,052 59 

Balance on the 31st Marcli, 1805, - - . . . 2,795,992 07 



1,367,611 19 



1,001,939 48 



Payments in stock by purchasers of public lands, ----- 63,896 79 



Difference in favor of the United States, ------ $18,751,111 38 



154 



FINANCE. 



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1805.] 



STATE OF THE FINANCES. 



155 



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156 



FINANCE. 



[1805. 



H 2. 

Statement of the Incidental Revenue^ during the four years, commencing on the 1st day of April, 1801, and ending 

on the 31sf day of March, 1805. 





From April 1, 
to Dec. 31, 


1802. 


1803. 


1804. 


From Jan. 1, 
to March 31, 


Total. 




1801. 








1805. 




Fees, - - - - 
Fines, - - - - 


$1,008 00 
2,492 54 


$2,242 00 
1,971 96 


$3,201 00 
1,039 00 


$2,759 00 
2,544 84 


$720 00 
794 03 


$9,930 00 
8,842 37 


(a) Sales of public property, 
Proceeds of cents and half 


33,888 58 


- 


4,097 01 


12,782 39 


- 


*50,767 98 


cents, beyond the expenses 
of the mint, for the year 
1830, 






12,177 66 






12,177 66 


(6) Damages and interest on bills 
and debts. 




17,505 21 


3,154 48 


32,370 91 


_ 


53,030 60 


Balances which originated prior 
to the present Government, - 


388 16 


500 63 


135 46 




• 


1,024 25 


Re-payment of advances made 
prior to the first day of 
April, 1801, - 


24,710 86 


23,591 96 


75,794 40 


80,775 56 


- 


204,872 72 


Total, 


62,488 14 


45,811 76 


99,599 01 


131,232 64 


1,514 63 


340,645 58 



* Viz: 
(a) Revenue cutters. 
Naval Stores, 
President's Horses, &c. 
Old paper money, 
French prizes. 



$17,431 37 

31,493 08 

1,575 00 

61 34 

207 19 

$50,767 98 



(6) Surplus received on debt due on interest 

duties, - -. - - $~,032 43 

Interest on repaj^ment of moneys advanced 
on account of interest on domestic debt, 936 48 

Damages and interest on piotested bills, 
purchased on account of foreign debt, 45,061 69 

$53,030 60 



H 3. 

A Statement of the Expenditures of the United States on account of the Civil List, and of all other domestic objects 
of a civil nature, other than for the public debt, during the four years commencing on the 1st day of April, 1801, 
and ending on the 3lst day of March, 1805. 





From April 1 












From Jan 


. 1 






to Dec. 31, 


1802. 




1803. 


1804. 




to March 


TOTAL. 




1801. 












31, 1805. 




Congress, - - - 


38,783 91 


179,945 


72 


160,849 24 


257,526 


42 


120,694 


21 


757,799 50 


President and Vice President, - 


24,786 88 


30,500 


00 


30,000 00 


30,250 


00 


8,361 


12 


123,898 00 


Department of State, - («) 


11,580 66 


20,792 


77 


23,876 71 


26,328 


23 


6,526 


77 


89,105 14 


Treasury, {h) 


75,903 05 


93,162 


05 


86,463 10 


85,646 


09 


25,612 


34 


366,786 63 


War, - 


22,690 34 


24,687 


53 


25,773 61 


22,964 


35 


8,575 


23 


104,691 06 


Navy, - 


19,407 72 


23,995 


68 


22,226 14 


22,538 


00 


6,233 


25 


94,400 79 


General Post Office, 


8,936 59 


13,101 


30 


14,905 15 


16,895 


15 


3,900 


24 


57,738 43 


Commissioners of Loans, 


19,654 32 


26,914 


64 


26,999 95 


26,552 


16 


6,749 


21 


106,870 18 


Territories, - 


14,246 01 


17,678 


11 


10,138 92 


22,968 


84 


1,793 


10 


66,824 98 


Judiciary, ■• - (t) 


78,103 32 


126,450 


05 


95,069 82 


88,875 


67 


29,874 


48 


418,373 34 


Permanent Establishment. 




















Light houses and buoys. 


76,400 62 


68,928 


85 


75,822 16 


93,775 


82 


41,870 


55 


356,798 00 


Marine hospital, - ((/) 


- 


250 


00 


31,087 36 


84,027 


50 


6,372 99 


121,737 85 


Surveys and other expen.ses rela- 




















tive to public lands, - (e) 


12,237 05 


18,586 


36 


22,873 74 


31,607 


55 


7,604 


71 


92,909 41 


Mint, - - (/) 


23,251 93 


33,890 


09 


- 


33,629 


48 


6,650 


08 


97,421 58 


Invalid pensions. 


40,210 00 


86,702 


85 


64,890 00 


80,092 


80 


40,305 


12 


312,200 77 


Civil do. 


1,020 00 


2,187 


12 


2,104 38 


1,247 


40 


300 


00 


6,858 90 


Miscellaneous and Contingent. 




















Second census, 


42,176 24 


21,613 


96 


1,741 67 


577 


17 


- 




66,109 04 


Quarantine stores. 


- 


52,529 


96 


- 


5,962 


95 


- 




58,492 91 


Prize moneys, - {g) 


- 


8,696 


22 


- 


- 




- 




8.696 22 


Furniture for President's house. 


7.555 55 


2,114 


90 


- 


145 


17 


- 




9,815 62 


Books for Congress, 


296 95 


2,000 


00 


- 


2,220 


13 


- 




4,517 08 


Removal of Seat of Government, 


510 50 


- 




- 


- 




- 




510 50 


City of Washington, - (/t) 


- 


55,450 


93 


57,902 66 


112,423 


91 


65,400 


00 


291.177 50 


Exploring rivers of Louisiana, - 


- 


- 




2,500 00 


3,000 


00 


- 




5,500 00 


Claims and allowances, (i) 


5,606 89 


20,855 


93 


5.660 43 


17.128 


26 


19,676 


90 


68,928 41 


t Assessment of direct tax. 


16,129 69 


16,527 


00 


5,547 00 


3,674 


64 


7,231 


45 


49,109 78 


t Purchase of stamp paper. 


7,413 53 


1.582 


65 


- 


72 


00 


- 




9,068 18 


t Unclaimed merchandise. 


34,035 48 


4,369 


10 


606 57 


743 


84 


- 




39,754 99 


Total, - Dolls. 


580,937 13 


953,513 


/ 7 


767,038 61 


1,070,873 53 


413,731 


75 


3,786,094 79 



1805.] 



STATE OF THE FINANCES. 



157 



Explanatory Notes to the foregoing Statement. 



(«) IncliKling the printing; of the laws, passports, and sea letters. 
(b) Incluiiing the office of Purveyor of Public Supplies, ar 



^„^ , . ;s, and the priiitiii"; of tiie public accounts. 

{(l) The expenses of that establishment were not liiscliarged by the treasury till 1st July, 1802, and, as the moneys 
were advanced by the collectors, the sums here stated are not tliose actually expended, but the aggregate of 
the accounts settled at the treasury eacii year. 
(e) Surveys and Boaids of Commissioners, - - - - - - $69,001 54 

Opening roads, ---...---.. 6,000 00 

Wabash saline, --------- 2,563 60 

Surveys and Boards of Commissioners south of Tennessee, - . . . 15,345 27 



(/) In this the 



•are included, and the proceeds of the copper coinage deducted: but as, in the 



year 1803, this last item exceeded the whole expenses of the establislnnent by a sum of 
This, deducted from the gross sum of - . - . , 

Leaves, for the true expense of the mint for those four years, 

(£•) This sum is a repayment to the Navy pension fund. 

(/O Jail, - - 

Public buildings. ------- 

Reimbursement and interest on Maryland loans, .. - . . 



(?) Paid from the President's contingent fund. 

Do. 2,000 dollar annual appropriation, 

Do. 4.000 i\o. 

By virtue of special acts of Congress, 



$92,909 41 



$12,177 66 
97,421 58 

$85,243 92 



$11,702 66 
123,000 00 
156,474 84 

$291,177 .50 

$1,440 00 
3,271 12 
9,516 50 

54.700 79 

$08,928 41 



t The items marked thus, properly speaking, are charges to. and deductions from, the proceetls of sales of public 
lands, direct tax, internal duties, and customs, respectively. 



H 4. 

Ji Statement of the Expenditures of the United States., on account of the intercourse with Foreign Xations, during 

the four years, ^-c. 





From 1st Apr. 












From 1st ,lan. 






"to 31st Dcc'r. 


1802. 


1803. 




1804. 




to 31st March 


Total. 




1801. 












1805. 




Diplomatic, 


$66,955 49 


$64,040 90 


$100,552 


96 


$97,084 


89 


. 


$329,234 21 


Barbary, 


147,115 00 


136,013 00 


108,866 


43 


57,063 


95 


$200 00 


449,258 44 


Commissioners and agents un-7 
der the British treaty, 5 


23,524 S3 


41,906 08 


0,169 


01 


48,497 


53 




120,098 05 


Spanish linnts, - 


14.773 27 


- 


1,809 


81 


- 






10,583 08 


Commissioners under the 7 
French convention, 5 


- 


- 


- 




18,555 


54 




lrt,555 54 


Prosecution of claims for captures. 


16,925 30 


61,516 13 


- 




- 




1.500 00 


79.941 49 


Protection of American seanien, 


9,474 53 


27,831 85 


10,374 


97 


7,789 


03 


2.296 02 


57,707 00 


Total, dollars. 


278,768 48 


331,308 02 


227,773 


78 


229,591 


54 


3,990 02 


1,071,437 84 



21 



ft 



158 



FINANCE. 



[1805. 



H5. 

Statement of the Expenditures of the Military and Indian Departments, during the four years, ^c, showing the 
several heads of appropriation under tvhich the moneys were advanced by the Treasury. 





1 
From 1st April 










From 1st Jan. 




' 


to 31st Dec'r. 


1802. 


1803. 




1804. 


to 31st March, 


Total. 




1801. 










1805. 




Army, (generally) 


$918,838 65 


$266,677 11 


$61,614 61 


. 


. 


$1,247,130 40 


Discharged officers and privates. 


- 


115,000 00 


- 




- 


- 


115.000 00 


Pay, - - - - 


- 


290,400 00 


250,000 


00 


$350,600 00 


$87,000 00 


978,000 00 


Bounties and premiums, 


- 


- 


8,000 


00 


14,000 00 


3,000 00 


22,000 00 


Subsistence, 


- 


191,027 40 


183,627 


60 


191,922 20 


1,000 00 


569,577 20 


Forage, - - - - 


- 


1,000 00 


2,000 


00 


5,056 00 


- 


9,056 00 


Clothing, 

Medical and hospital, 


- 


- 


50,000 


00 


86,630 00 


- 


136,630 00 


- 


8,000 00 


10,000 


00 


8,000 00 


- 


26,000 00 


Contingencies, including \ 
transportation, 3 

Arsena s, magazines, armories, "? 
forts, and barracks, 3 


. 


32,000 00 


50,000 


00 


58,000 00 


. 


140,000 00 
















- 


100,000 00 


100,000 


00 


94,696 88 


- 


294,696 88 


Purchase of arms & ammunition, 


108,106 67 


155,012 50 


108,599 


04 


- 




371,718 21 


Fortification of iiarbiirs. 


85,000 00 


18,000 00 


- 




- 


- 


103,000 00 


Militia employed in taking 7 
possession of Louisiana, 3 










50,000 00 


33,000 00 


83,000 00 
















Miscellaneous. - - - 


- 


- 


- 




16,555 17 


3.328 40 


(a)19,883 57 


Indian department, 


9,000 00 


104,000 00 


60,000 


00 


116,500 00 


*■ 


(6)289,500 00 


Total, dollars. 


1,120,945 32 


1,281,117 01 


883,841 


28 


991,960 25 


127,328 40 


4,405,192 26 


(a. ) Maps and postage, 


. 


. 








$7,500 00 


Balance due J. Habersham, 


- 


- 


- 


- 


. 


9,055 17 


Militia under Jol 


nson, in 1794, 












3,328 40 




;gl9,883 57 


(b.) Indian department proper, 


§184,500 


Do. treaties, - 


- 


- 


- 


- 


- 


73,000 


Do. trading houses. 














32,000 




$289,500 



H 6. 

Statement of the Expenditures on account of the Naval Department, during the four years, ^-c. showing the several 
heads of appropriation under ivhich the moneys were advanced at the Treasury. 





From 1st Apr. 










From 1st Jan. 






to 31st Dec'r. 


1802. 




1803. 


1804. 


to 31st March, 


Total. 




1801. 












1805. 




Navy, (generally) - 


882,256 


66 






(a)190,529 89 


(6)525,000 00 


. 


1,597,786 55 


Pay - - 

Provisions - - - - 


3 




508,226 


00 


283.993 00 
157,360 20 


234,328 00 
125,518 72 


75,000 00^ 
65.000 00 3 


1,449,425 92 


Medicines - - - - 






10.000 


00 


7.700 00 


4,875 00 


- 


22.575 00 


Repairs and contingencies - 


- 




10,000 


00 


183,000 00 


144,000 00 


50,000 00 


386,000 00 


Ordnance and military stores 


. 




20,000 


00 


15,000 00 


5,000 00 


- 


40.000 00 


French prizes 


61,067 


13 


13,932 


87 


- 


- 


- 


75,000 00 


Miscellaneous 


- 




7,719 


00 


16,763 43 


9,832 75 


- 


(c)34,315 18 


Marine corps 


- 




99,109 


00 


90,780 43 


80,693 56 


20,000 00 


290,582 99 


Marine barracks 


18,080 


45 


- 




401 93 


3,584 72 


- 


22,067 10 


Seventy-fours and navy yards 


304,605 


76 


252,575 


00 


174,701 65 


7,000 00 


10,000 00 


748,882 41 


Four sixteen-gun vessels - 


- 




- 




96,000 00 


- 


- 


96,000 00 


Gun-boats - - - - 


- 




- 




- 


50,000 00 


30,000 00 


80,000 00 


Total, 


1,266,010 


00 


921.561 


87 


1,215,230 53 


1,189,832 75 


250,000 00 


4,842,635 15 



(a) $169,911 88 of this sum were for the deficiencies of the years 1801 and 1802. 

(b) Advanced on account of tlie Mediterranean Fund. 

(c) Crew of Enterprise ----- 1,719 00 
Do. of Insurgente and Pickering - - - - 6,000 00 
Captors of Morocco vessels - . - - - 9,332 75 
Allowance on account of Valenzin - - - - 500 00 
Balance due to J. Habersham - _ . - 16,763 43 



34.315 18 



1805.] 



STATE OF THE FINANCES. 



159 



H 7. 

Statement of the Expenditures on account of the Interest and Charges on the Public Debt, during the four years, 
commencing on the \st day of ,/ipril, IrtOl, and ending on the Sis/ day of March, 1805. 



Foreign Debt 



Interest on Dutch debt - 
Louisiana stock 

Charges. 
Commissions, postage. &c. 
(b) Protested bdls, not recovered 7 
on the 31st day ofMar. 1805 5 
Loss on exchange 

Deduct profit on exchange 

Total 

Domestic debt - - 

(e) Domestic loans 

Total 



From 1st Apr. 
to 31st Dec'r. 
1801. 



244,100 00 



244,100 00 

2,441 00 
24,000 00 



270,541 00 
8,903 64 



261,637 36 

2,633,636 70 

13,400 00 



2,908,674 06 



1802. 



458,100 00 



458,100 00 

5,923 80 
32,000 00 
46.988 41 



543,012 21 



543,012 21 
3,456,072 86 



1803. 



1804. 



404,457 00 263,140 00 
|(a)697,191 75 



404,457 00| 960,331 75 

14,306 04 13,537 09 

I 

6,052 45 



424,815 49, 973,868 84 
47,171 39 



424,815 49 
3 ,381,796 75 



122,065 00 82,000 00 



4,121,150 07( 3,888,612 24 



926,697 45 

3,306,032 90 

60,593 68 



4,293,324 03 



From 1st Jan. 
to 31st March, 
1805. 



126,800 00 
168,750 00 



295,550 00^ 
2,247 44 J 



297,797 44 
66,119 81 



231,677 63 

809,655 30 

25,607 62 



1,066,940 55 



Total. 



2,400,994 12 
109,040 86 



2,510,034 98 
122,194 84 



2,387,840 14 

13,587,194 51 

303,666 30 

16,278,700 95 



(aj $22,191 75 for t.lie interest, from 20th to 31st December, 1803. 
675.000 00 do from the year 1804. 



697,191 75 



fb) Judgment has been obtained for the whole of those, and $18,143 paid into the treasury subsequent to the 31st 
day of March, 1805. 

(cj In this statement the dividends received on the bank shares of the United States, stated, and amount, fiom 
1st April, 1801, to 31st December, 1802, to - - - - - - - $127,960 

Are deducted from the gross amount of interest paid to the bank on the domestic loans, which inter- 
est, for the same period, amounted to -------- 263,425 



Leaving for the balance of interest paid to the bank, as per above stated, during the same period, $135,465 



160 



FINANCE. 



[1805. 



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1805.] DRAWBACK. |^j 



9th Congress.] ^q^ 235. [1st Session 



DRAWBACK. 

COJIMUMCATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 21, 1805. 

Mr. Crowninshield made the following report: 

The Committee of Commerce and Manufactures, to whom was referred the petition of Isaac Clason, of tiie citj' of 

New York, respectfully submit the following report: 

The petitioner, in the month of August last, imported from Havana into the port of New York, one thousand four 
hundred and twenty boxes of sugar; the duties upon the importation amounted to fifteen tiiouantl six hundred and 
nineteen dollars and twenty-four cents. On the 31st of the same month, the petitioner having determined to ex- 
port the said sugar to Amsterdam, in the ship Ambition, gave due notice of such intention, and made a regular entry 
of the said sugar for exportation: a permit to load the said sugar was issuetl at the custom liouse on the 2d of Sep- 
tember, and the sugar was actually laded on board the said ship, under the inspection of the proper officer, and the 
return thereof made to the collecter, the ship receiving her clearance to proceed to sea on the ninth day of Septem- 
ber, and actually sailed on the twenty-second day of the same month. At the moment of the clearance being granted 
to the ship, the yellow fever made its appearance in New York, and a great number of the citizens left the city in 
the course of a week from that time; and the petitioner, justly alarmed at the danger to M'hich he was exposed, anil 
partaking of the general consternation, fled among the rest. A general interruption and suspension of business in 
the city took place for several weeks, and the custom house itself was removed to a place of safety. On the 30th 
of September, the petitioner applied to the custom house to receive the debentures for the drawback of tlie duties on 
the exportation of the said sugar, and oftered to give bond and take the oath required by law in the cases of goods 
exported for the benefit of drawback; but the collector refused to receive the oath or bond, or to grant the deben- 
tures, alleging that the ten days limited by law had expired, after the clearance of the ship, and that, in conse- 
quence thereof, the drawback reverted to the United States. 

Repeated and pressing applications, of a similar nature, have been made to Congress, and the number may be 
expected to increase. In all of them which have, at various times, been before the committee, no intention of fraud 
has appeared. Some persons have unintentionally overstayed the time, one, two, or three days. Otiiers have been pre- 
vented, by dangerous sickness, from attending at the custom house. In the case now under consideration, the yel- 
low fever afflicted the city of New York. The inhabitants fled before its dreadful ravages. The petitioner partook 
of the general consternation, and left the city the next day after the clearance of the ship. It did not occur to him 
that he would, thereby, lose the benefit of drawback on the sugar in question: and, if it had occured to him, it is 
not probable that he could then have obtained the debentures by application at the custom house. It was a time of 
general alarm and agitation, and every citizen was only eager to save himself and family. The security of property 
was but a secondary consideration. 

The committee are of opinion the provisions of the law, as it stands at present, are too severe. If the article on 
which the benefit of drawback is claimed, is really exported out of the limits of the United States, it is all that ought 
to be required. The merchants are solicitous to obtain the debenture certificates; they become transferable property, 
being negotiable paper, like promissory notes, and are receivable at the custom house in lieu of the inward duties. No 
man would willingly overstay the time limited by law, in which he could apply for liis debentures; it is for his interest 
to apply early, yet it may sometimes happen that he will omit, and overstay the time; but, surely, the United States 
do not wish to enrich tiieir treasury in this manner. Our revenue is derived from the foreign articles consumed in 
the country, and not from exports. Under all the circumstances in which this subject can be placed, the committee 
are of opinion that a general, and not a particular bill should be passed, calculated to relieve all the applicants 
where no intention of liaud shall appear, and to provide for the extension of the time in taking the oath and giving 
bond, in cases of goods intended to be exported for benefit of drawback. The committee, therefore, submit the ihC 
lowing resolution: 

Resolved. That the petition of Isaac Clason is reasonable, and ought to be granted. 



Treasury Department, Comptroller's Office^ 3\st December, 1805. 
Sir: 

Your letter of the 29th is received. Enclosed is a certified copy of the letter of the collector at New York, 
detailing the facts in the case of Isaac Clason, who claimed a drawback on 1420 boxes of sugar, intended to be ship- 
ped by him, on board the ship Ambition, for exportation. I possess no other information on the subject. 

Mr. Clason having neglected to take the oath, and give bond within ;!ie time required by law, and it appearing, 
also, that, although the city of New York wa? afflicted by ? malignant disease, which occasioned a removal of the 
collector's office, the removal to Greenwich, a distance of about two miles, was eftected on the 9th of September, 
where it was not considered hazardous to transact business, no relief could be granted at the treasury, according to 
established decisions. 

I have the honor to be, &c. 

G. DUVALL. 
Jacob Crowninshield, Esq. 



Custom House, New York, Collector's Office, November 2d, 1805. 
Sir: 

I have received your letter of the 18th ultimo, relating to a shipment of sugar by Mr. Isaac Clason. In 
the month of August last, he imported, in tlie ship Ambition, Walter Nexsen, master, (wholly owned by him- 
self from the Havana, 1420 boxes sugar, all of which were landed and weighed, and the duties secured according 
to law, on the 17th August. 

On the 31st August, Mr. Clason made an entry for 1420 boxes (the same) sugar intended to be shipped by him 

in the said ship Ambition, , master, for Amsterdam. On the 2d September, permit was issued for shipping the 

same; the inspector returned, that the 1420 boxes of sugar were laden on board the said ship, under his inspection, 
the 9th; the entries, inward and outward, the weigher's and inspectors returns, and every requisite required by law, 
all appear, and I have no doubt, are correct; the omission to take the oath and give bond, within ten days after cleai- 
ance, only excepted. 

Mr. Clason did not apply at the custom house to take the oath and give bond, as required by law, until the 30th 
September; he was with his family in West Chester county, about twenty or twenty-five miles from the city; the 
ship sailed the 22d of September. Mr. Clason probably mistook the ten days after sailing lor the ten days after 
clearing. 



162 



FINANCE. [i805. 



No doubt can be entertained of the fairness of the transaction, nor of the upright intention of Mr. Clason; and I 
believe 1 am fully warranted in saying that tlie omission, on his part, was owing to tiie confusion of the city, occa- 
sioned by the very sudden visitation of the late fever: there was a very general moving of the citizens on the 9th 
September, on which (lay the custom house was removed to Greenwich, two miles from the city (and there remained 
until the 29//t nltimoj where it was not considered liazardous to visit my office. 

The amount of drawback being upwards of $15,000, 1 advised Mr. Clason to make application to the treasury, 
as I could, by no means, take upon myself the responsibility of issuing the debenture, whether the neglect was occa- 
sioned by absence, sickness, or any other cause. 

I am, very respectfully, sir, your obedient servant, 

DAVID GELSTON. 

Gabriel Duv ALL, Esquire. ~~ , 



9th Congress.] "' ' ' No. 236. ^ [ist Session. 



REPE\L OF THE ACT AUTHORIZING EVIDENCES OF PUBLIC DEBT TO BE 

RECEIVED IN PAYMENT FOR LANDS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 28, 1805. 

, .. . Treasury Department, December 28th, IS05. 

I have the honor to enclose the copy of the extract of a letter pointing out certain abuses, which are said to 
arise from the operation of the l;iw authorizing the receipt of evidences of the public debt, in payment for the lands 
oftheUnitedStates, passed on the 3d day of March, 1797. ,. , , , , ^ . 

Althou'^h, the letter having been received only a tew days ago, it has not yet been ascertained whether the tacts 
alluded to^are in this instance, truly stated, there is no doubt that such abuses may take place, and that, whilst the 
law continnes'in force, it will be difficult to prevent them. ...,.,. , , ^ ^ 

Indeed, it cannot be doubted that, with very few exceptions, the law is ot no utility to actual purchasers. So tar 
as relates to the reduction of the public debt, the act is useless, since the annual appropriation of eight millions of dol- 
lars has been made; and it may, on the contrary, by creating a competition in the market, impede the object when- 
ever it should be thought proper to apply a part of the appropriation to purchases of the debt. To this may be ad- 
ded that the uncertainty resulting from the provision of the payments in specie, which might otherwise be relied 
upon, deranges the general operations of the treasury. 

I also be" leave to observe, that, by the act ot the 8th of May, 1792, and all the subsequent acts contain a similar 
provision, the commissioners of the sinking fund are authorized to purchase the debt of the United States at its mar- 
ket priced if not exceeding the par or trueValue thereof . .• . . r J ., , i-u 
This last limitation does not seem suihciently explicit; but the construction heretofore adopted, and winch 
will be, of course, adhered to, unless altered by an explanatory act, is, that, by par or true value, is meant the nominal 
value or amount of the stock. It follows, that, on the one hand, the commissioners may give one hundred dollars for 
every nominal hundred dollars of the three per cent, stock, provided they shall not give more than the market price; 
whilst, on the other hand, they are, in fact, precluded from making any purchases of the eight per cent, stock, as its 
market must necessarily exceed its nominal value. , , , , , , ■ , ■ , , 

Permit me, therefore, respectfully to submit the propriety of hxing, absolutely, by law, tiie price winch the com- 
missioners may give for stock. That for the six and deferred stock may remain as it now stands, that is to say, not 
to exceed the nominal value of its unredeemed amount; the limitation in relation to the three per cent, stock may be 
easily fixed, at any rate which Congress may think proper. 

That for the eight per cent. stocK is more difficult to fix, because it sinks, every quarter, in value, and will con- 
tinue so till the first day of January, 1809, when it becomes redeemable, and therefore, equal to its nominal value. 
It may, in the mean while, be considered as consisting, first, of a six per cent, stock, payable at the time above men- 
tioned,' and worth par; secondly, of an annuity of two per cent, a year, (or rather at the rate of half per cent, quar- 
terly) which will cease, also, on the 1st of January, 1809, when the stock will be paid off. 

The annexed table shews the true value of the stock, calculated on that principle, and on a supposition that a six 
er cent, stock is at par, for the first day of every quarter, from the 1st of January, 1806, to the 1st of January, 1809. 
A must,' however, be observed, that, from the first day, till within tburteen days of the end of each quarter, the stock 
will progress a little in value, as the time of receiving the dividend approaches. Both on that account, and because 
the variations in the prices of stock do not descend to such minute fractions as are exhibited in the table, it may be 
more simple to fix the limitation by the gross amount of the two per cent, annuity which may, at the time, be still 
demandable, without making any deduction for the discount. The commissioners would, on that principle, be au- 
thorized to give no more that 106 per cent, during the first quarter of the year 1806, no more than 1051 per cent, 
during the ensuing quarter, and so on, diminishing half per cent each quarter, so as to give no more than 100| per 
cent, during the last quarter of the year 1808, and paying at par, acconjing to contract, the residue of the unpur- 
chased principal, on the 1st of January, 1809. There are two other limitations, in the powers of tiie commissioners 
to purchase stock, which may require some modifications. By the first, no purchase can be madej except during the 
first thirty days of each quarter— a provision, the object of which I cannot perceive; as the situation of the treasuiy 
and the price of stock may often render another more eligible. The other directs the purchases to be made by a 
known agent, and by open purchase, or by receiving sealed proposals; and, although it may be more elegible for the 
commissioners themselves to make the purchase in that way, because it will prevent any improper imputation at- 
taching to their conduct, it is not less true that that mode must necessarily raise the price of stocks, and prevent 
any purchases on favorable terms. 

Although there are yet considerable parts of the public debt which may be reimbursed, as purchases may, how- 
ever be found, under certain circumstances, more advantageous to the United States, I have thought it my duty to 
lay these observations before the Committee of Ways and Means. But I beg, at the same time, to be indulged in 
expressing my opinion, that a sinking fund which acts by purchases is better calculated to raise the prices of stock, 
and as an^engine to favor loans and an increase of debt, than for the purpose of redeeming it on reasonable terms. 
And as the iiature of the existing species of stocks will offer a powerful, perhaps insuperable obstacle, to the whole 
redemption, within the time contemplated by the Legislature, I intend, in a subsequent communication, to submit to 
the consideration of the committee, a plan for the conversion of the old six deferred and three per cent, stocks into 
a six per cent, stock, which may be redeemed within the expected period. 

I have the honor to be, with great respect, sir, your obedient servant, 

ALBERT GALLATIN. 
Hon. John Randolph, Chairman oj the Committee of JVays and Means. 



I 



1805.] 



BALANCES DUE FROM STATES. 



16;: 



A Table exhibiting the true value of one hundred dollars eight per cent- stock, redeemable after the year 1808, on 
the supposition of six per cent, stock being at par, for the first day of each quarter, from the 1st January. 1806, 
to the 1st January, 1809. 



Years. 


First January. 


First April. 


First July. 


First October. 


1806. 
1807. 

1808. 
1809. 


$105.46 
103.74 
101.93 
100.00 


$105.04 
103.30 
101.46 


$104.61 
10-2.85 
100.98 

- 


$104.18 
102.39 
100.49 



Extract of a letter. Sfc. 

" The clerks in that office are enga.scd in what they call the stock'business. They get stock transferred, in pay- 
ment for the lands, of such people as will pay them tiieir money without taking an office receipt. Now, the griev- 
ance that 1 would complain of is, that it is almost impossible to get business done in that office, unless the person 
applying will consent to let them have their money that they may pay, in stock. As for my part, I had rather do 
my own business. When a man goes into the office, one of the clerks addresses him, that he can't have his busi- 
ness done unless he waits two or three days: and recommends to him to leave his money with another one, which I 
suppose to be a clerk also, who offers to do the business for him, provided he will let him transfer stock for his pay- 
ment; and thus they worry many people out of their money. As to this stock business, T know nothing about it: and 
as it is no advantage to me, I had rather pay my money, and get my receipt without further trouble." 



9th Congress.] 



No. 23; 



[1st Session. 



BALANCES DUE FROM STATES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 31, 1805. 

To the House of Representatives of the United States: 

I now communicate to the House of Representatives all the information which the Executive offices furnish on 
the subject of their resolution of the twenty-third instant, respecting the States indebted to the United States. 

TH : JEFFERSON. 

December 31, 1805. 



Treasury Department, December 30th, 1805. 
The Secretary of the Treasury respectifully reports to the President of the United States — 

That it does not appear that any debtor State has availed itself of the provisions of the act of Congress of the 
23d of June, 1797. 

That, under the provisions of the act of Congress passed on the 15th of February, 1799, the sum of 222,810 dol- 
lars and six cents, has been placed to the credit of the State of New York, in part payment of the debt due from the 
said State, to the United States, on account of money expended by the said State in fortifying the fort and harbor 
of New York, as will more fully appear by the annexed copy of the treasury settlement, No. 12.250. 

And that, although expenses may have been incurred by other States, which, under the provisions of either the 
act of Congress of June 23d, 1793, or of that of May 3d, 1798, or of that of February I5th, 1799, may ultimately 
entitle such State or States to a credit for expenses incurred in fortifying forts and harbors, no other account has been 
presented for that object to the Treasury Department. 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 
The President of the United States. 



No. 12,250. 



Treasury Department, Auditor''s Office, .Bpril \6th, 1801. 



Whereas the State of New York, by an act of its Legislature, passed on the 28th day of March. 1800, has com- 
plied with the act of Congress, passed on the 15th day of February, 1799, entitled " An act respecting balances 
reported against certain States by the commissioners appointed to settle the accounts between the United States and 
the several States:" And whereas it Appears, by an account stated by the comptroller of the treasury of the 
said State of New York, and approved by the Secretary of the Treasury of the United States, that the said State has 
appropriated and expended, for the purpose of fortifying the fort and harbor of New York, the sum of one hundred 
and thirty six thousand five hundred and thirty-three dollars and eighty-two cents, in specie, which sum, calculat- 
ed on the principles established by the act of Congress above recited, and according to the terms agreed upon be- 
tween the said Comptroller and Secretary, is equal to the following amounts, in stock of the United States, viz. 
$45,511 27, being one third of the said sum, calculated in 3 per cent, stock, at 9s. in the pound, is $101,136 16 

30,340 84, being one third of the remaining two thirds, calculated in deferred stock, at 14.s. 5d. in the 

pound, is -----...--- - 42,091 35 

60,681 71, being the remainder, calculated in six per cent, stock, at 15*. 3d. in the pound, is - 79,582 55 



$136,533 82, specie; equal, in stock, to 



i 222,810 6 



164 



FINANCE. 



[1805, 



I do therefore, report, in pursuance of the acts and stipulations aforesaid, that the following credit ought to be 
passed on the books of the treasury, in favor of the State ot New York, viz: 

By this sum, being the value, in stock of the United States, of $136,533 82, specie, appropriat- 
ed and expended for the purpose of fortifying the port and harbor of New York, agreeably to an 
account, stated on the 28th of August, 1799, by the comptroller of the treasury of said State, and 
' approved by the Secretary of the Treasury of the United States, and which is admitted on ac- 
count, and in part payment, of the debt due from the said State to the United States, $ 222,810 6 

Tiie documents on which this report is founded are herewith transmitted, for the decision of the Comptroller of 
the Treasury thereon. _ 

' R. HARRISON, Auditor. 

To John Steele, Esq. Comptroller of the Treasury. 



To the Register. 



Treasury Department, Comptroller'' s Office, April 28, 1801. 

Admitted and certified. 

JOHN STEELE, Comptroller. 



Treasury Department, Register's Office, 27th December, 1805. 

I do certify that the foregoing is a true copy of the original report on file in this oflace; and I further certify, 
that the aforementioned sum of two hundred twenty-two thousand eight hundred ten dollars and six cents has been 
placed to the credit of the State of New York, in the books pertaining to the former Government, in ledger, page 

JOSEPH NOURSE, Register. 



9th Congress.] 



No. 238. 



[1st Session. 



DRAWBACK. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 31, 1805. 

Mr. Crowninshield made the following report: 

The Committee of Commerce and Manufactures having considered the petition of John Dorr, of Boston, in the 
State of Massachusetts, referred on the 5th instant, submit the following report: 
The petitioner states that, on the 6th of August last, he imported into the district of Boston and Charlestown, 
in the ship Jenny, from Antwerp, fimr boxes of Dutch playing cards, the duties on which amounted to nine hundred 
and thirty-six dollars. Being ignorant of the existence of any law refusing the drawback on the exportation of play- 
inf cards, the petitioner actually shipped the cards for the East Indies, and applied to the custom house to receive 
the debenture certificates, when he was, for the first time, informed, that playing cards were not entitled to the be- 
nefit of drawback. He pleads ignorance of the law, and has made application to Congress for relief. 

The committee find that playing cards are refused the drawback on exportation, under the provision of " the 
act for imposing more specific duties on the importation of certain articles," &c. passed 27tli March, 1804, which act 
was officially received by the collector at Boston, on the 1st of May, and went into operation on the 1st day of July 
following. From certificates exhibited in this case, it appears it did not occur to the collector, at the time of ship- 
ment, tlfat playing cards were notentitled to the drawback, and the petitioner, also, was unacquainted with the law. 
The committee are of opinion, however, that the petitioner ought to have known that such a law was in force. It 
would then have been at his own option to have reported the cards for exportation, and in this case they might have 
been reshipped in the same bottom, without being landed, and no duties whatever could have been demanded upon 
them. The same law which prohibits the drawback on playing cards, refuses the drawback on foreign fish and fish 
oil. The importers or exporters of these articles might, with the same propriety, urge complaints against the law, and 
request a return of the duties in cases of exportation. If the drawback on playing cards is granted, it would be fair 
to return it on all the foreign fish and fish oil exported since the act went into operation. There appears to have 
been ample time for the law to have been generally known; it was nearly eighteeri months froni its passing to the 
time of the exportation of the playing cards. Although the committee are convinced the petitioner was not in- 
formed of the existence of the law, and although they are of the opinion that his situation is an unfortunate one, yet, 
considering the necessity there is of preserving uniformity in decisions of this sort, and taking into view, also, the 
danger that would arise to the revenue, in repealing the law in this particular instance, without extending it to the 
other articles named in the same act, they are satisfied that the relief prayed for ought not to be granted, and 
recommend that the petitioner have leave to withdraw his petition. 



1806.] THE MINT. I55 



9th_Co>rGRESsJ No. 239. [1st Sessiojj. 



M I N T. 



COMMUNICATED TO THE SENATE, JANUARY 15, 1806. 

To the Senate and House of Representatives of the United Slates: 

I communictate, for the information of Congress, the report of the Director of the Mint, of the operations of 
that institution during the last year. 



January 15, 1806. 



TH: JEFFERSON. 



Mint of the United States, Philadelphia, January 3d, 1806. 



Agreeably to former practice, I have the honor, at the commencement of the present year, to lay before vou a 
statement of the issues from the mint of the United States, and the expenses of the institution, during the past "year: 
and conceiving that it might not prove unacceptable, the treasurer has, at my request, drawn up, and exhibited, in 
one comprehensive view, schedule No. 4. a statement of all the gold, silver, and copper coins, struck at the mint, 
from the commencement of its operation till the present time. 

From this statement, it appears that, of gold coins issued from the mint, the whole amount is 2,613,972i dollars; of 
silver coins, 1,953,9171 dollars: and of copper coins, 179,453 dollars 47,i cents: making the total amount 4,747,343 
dollars 72h cents; and the total number of pieces •3-2.594, 83-2. 

During the last year, as will appear in particular detail from schedule No. 1, there have been struck at the mint, 
of gold coins, 34,964 pieces, amounting in value to 170,367d dollars; of silver coins, 469,496 pieces, value 149,0671 
dollars; and of copper coins. 1,755,580 pieces, value 13,483 dollars 48 cent*; making the total number of pieces of 
the precious metals 504.460. and of copper coins 1,755,580: and the total value 332,918 dollars 48 cents. This 
amount is indeed somewhat less than that of the preceding year, (S371,827 94) yet the number of pieces is mucii 
greater, being all of the smaller coins; and this latter circumstance will readily account for the small difter- 
ence in value; since the labor and time necessary to prepare and strike an equal number of large and small pieces of 
coin, will be nearly equal. 

Of the precious metals, the number of pieces coined in the last year far exceeds that in any former year since the 
establishment of the mint; indeed, it is considerably more than double of what it has been in any one of the four last 
years. 

The striking of small coins is a measure \yhich has been adopted to accommodate the banks and other depositors, 
and at their particular request, both with a view of furnishing a supply of small change, and to prevent the exporta- 
tion of the specie of the United States to foreign countries. 

I am authorized, sir, to assure you, that the Bank of the United States (with perhaps the other banks in this city) 
will furnish tlie mint an ample supply of bullion during the current year; and to avoid, as far as practicable, all 
inconvenient delay in the issue of coins. I am, with your approbation, about to employ a few additional workmen. 
The utmost economy, however, in the expenses of the institution, will be carefully observeil. 

The schedule No. 3 exhibits an abstract of the expenditures of the mint during the last year. From this it will 
be observed that the contingent expenses, in the last six months, have been pretty considerable. This has arisen 
from sundry repairs, particularly of the stable, coal house, a pair ot rollers, and one of the coining presses, which 
could no longer b? dispensed with, but which will not again occur in many years. 

Schedule No. 2 exhibits a general statement of the gain on the copper coinage for the last year, amounting to 
$2,187 68, exclusive of 51 dollars 96 cents of spoiled planchettes, used in the alloy of the precious metals. 
This gain would have been still greater, had not the planchettes proved to be somewhat over weight, though the 
late Director had given the most particular charges and instructions on this head to the person of whom they were 
purchased . 

I have, sir, the honor to be, with the greatest esteem, your most obedient servant, 

ROBERT PATTERSON, Director. 
To the President of the United States. 



22 tt 



166 



FINANCE. 



[1806. 



No. 1. 



Jin abstract of the Coins struck at the Mint of the United States, from the 1st of January to Slst December, 1805, 





SILVER. 




Half Dollars. 


Quarter Dolls. 


Dimes. 


Half Dimes. 


Dolls. Cts. 


Totals. 


Quarter ending in March, - 
" " June, 
" " September, - 
" " December, 


51,388 
24,260 
51,200 

84,874 


65,726 
55,668 


67,540 
53,240 


15,600 


25,694 00 
28,561 50 
46,271 00 
48,541 00 




469,496 pieces of silver coins. 


211,722 


121,394 ! 120,780 


15,600 








Total amount of silver coins. 


$149,067 60 












GOLD. 






Half Eagles. 


Qua'r Eagles. 


Dolls. Cts. 




Quarter ending in March, 
" " June, 
" " September, 
- « " December, 


- 


- 


6,660 

1,423 

20,576 

4,524 


- 
1,781 


33,300 00 
7,115 00 

102,880 00 
27,072 50 




34,964 pieces of gold coins, - 


33,183 


1,781 






Total amount of gold coins, 


170,367 50 












COPPER. 






Cents. 


Half Cents. 


Dolls. Cts. 




Quarter ending in March, 
" " June, 
" " September, 
" " December, 


J,260,040. 


- 


108,000 
187,500 
301,000 
344,616 


439,000 
255,464 

120,000 


3,275 00 
3,152 32 
3,010 00 
4,046 16 




1,755,580 pieces of copper coins. 


941,116 


814,464 




Total number of pieces of coin, S 


To 




■ 13,483 48 




mint in 1805, 




Amount of 


all the coins 


struck at the 


$332,918 48 



Mint of the United States, Treasurer's Office, Philadelphia, 3lst December, 1805. 



BENJAMIN RUSH. 



1806.] 



THE MINT. 



167 



No. 2. 

A Statement of the gain on Copper coined at the Mint of the United States, from the 1st January to the 3lst 

December, 1805. 



1804. 












Dec'r. 31, 


- 


11,941 66.5 


Amount remaining in hands of the chief coiner, as per 
abstract rendered, on which there was a profit of 












2,221 10.5 




1805. 












June 29, 






Deduct, returned by him in spoiled half 
cent planchettes, - - - 28 00 

Allowed him for difference in weight of 
the half-cent planchettes, - - 84 26 

-11" 26 












Being part of the invoice of copper de- 












livered him 28th Nov. 1804. 






Nov. 6, 






Returned by the chief coiner, in spoiled 
cent planchettes, - - - 23 96 
Allowed him for difference of weight on 

the cent planchettes, - - 81 96.5 

... 105 9"^ 5 








11,723 48 


218 18.5 


Being part of the same invoice. 


218 18.5 




'' 11, 


- 


18,920 83 


Amount of the invoice of copper entered 31st Dec. 1804, 
and delivered to the chief coiner for coinage this day, on 
which there was a profit of - - - 


2,002 92 


2,002 92 


June 19, 


- 




Deduct so much short entered of the cost of said invoice, 
on 31st Dec. 1804, - . . . . 


16 71 




Dec'r. 31, 




17 160 83 








1,760 00 




So much yet remaiiiing in the hands of the chief coiner, 
uncoined, which will take a proportion of above profit, of 


1 986 21 
















1,801 45 














184 76 




13,483 48 


_ 


Amount of copper coined in 1805. 










Amount of profit gained in coining said sum, 


a, 


$2,187 68 



Mint of the United States, 

Treasurer's Office, Philadelphia, 3lst December, 1805. 



BENJAMIN RUSH. 



No. 3. 

An Abstract of the Expenditures of the Mint of the United States, from 1st January to 3lst December, 1805. 





Quarter ending in March, 
Ditto. June, - 
Ditto, September, 
Ditto, December, 


Salaries. 


Wages. 


Incidental. 


Totals. 


1805. 


2,650 
2,650 
2,650 
2,650 


1,075 67 
1,140 67 
1,291 58 
1,236 34 


280 80 
503 24 
678 70 
880 90 


4,006 47 
4,293 91 
4,620 28 
4,767 24 




$10,600 


$4,744 26 


$2,343 64 


$17,687 90 



Mint of the United States, 

Treasurer''s Office, Philadelphia, 3lst December, 1805. 



BENJAMIN RUSH. 



168 



'<.'' 



FINANCE. 



1806, 






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1806.] 



DUTIES AND DRAWBACKS. 



169 



9th Congress.] 



No. 240. 



[1st Session. 



DUTIES AND DRAWBACKS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY IG, ISOti. 

Sir: Treasury Department, January 15, 1806. 

In obedience to the permanent orilor of the House of Representatives, passed on the third of March 1797 I 
have the honor to transmit a statement exhibiting tiie amount of duties and (h-a\vbacks on goods, wares, p'nd mer- 
chandise, imported into the United States, and exi)orted therefrom, during the years 180-3, 1803, and 180l! 

I have the iionor to be, very respectfully, sir, your obedient servant. 



The Hon. the Speaker of the House of Representatives. 



ALBERT GALLATIN. 



./? Statement exhibiting the amount of Brau-back payable on sundry articles exported from the United States, in 
the years 1802, 1803, and 1804, compared with the amount of Duties collected on the same, respectively. 







IS THE TEAR 1802. 


IN- THE YEAH 1803. 


I!f THE TEtn 1804. 


SPECIES OF JIEBCHAXDISE. 


Duties 


Drawback 


Duties 


Drawback 


Duties 


Drawback 






received. 


payable. 


received. 


p.ayahle. 


receiveil. 


])ayable. 


On Merchandise — 




Dollars. 


Dollars. 


Dollars. 


Dollars. 


Dollars. 


OnllaiS. 


Paviiii>-a duly of 12^ per cent, ad val. 


3,318,075 


513,459 


3,399,781 


243,765 


1,794,697 


308,011 


■ Do ■ ' 13J 


do 


270,171 


99,808 


185,568 


24,757 


64,427 


29,790 


Do 15 
Do 15i 


do 
do 


1,170,338 


67,635 


1,104,355 


25,005 


3,374,397 
40 


247,857 


■ , Do 16^ 


do 


102,604 


8,561 


68,634 


4,216 


223,422 


56,897 


Do 17i 


do 


- 


- 


- 


- 


678,035 


27,053 


Do Wi 


do 


- 


- 


- 


- 


41,151 


8,284 


Do 20 


do 


73,125 


6,010 


67,857 


1,309 


32,986 


2,850 


Do 22 


do 


25,798 


2,092 


13,126 


870 


4,060 


748 


Do 22^ 


do 


- 


- 


- 


- 


49,048 


1,5U5 


Do 24;^ 


do 


— 


— 


- 


- 


11,083 


342 


Do 40 


do 


- 


182 










Wines, Madeira, 


- 


145,741 


12,864 


196,857 


19,934 


238,982 


29,952 


Burgundy and Cli; 


impaigne, - 


2,464 


586 


1,868 


138 


862 


65 


Sherry, 


_ - 


268,573 


4,829 


1 








St. Lucar, - 


- 


650 




^ 131,358 


5,221 


225,888 


4,153 


Claret, 
Lisbon, - 


- - 


63,906 


767 


^- 52,619 


- 


: 61,992 


32,027 


Oporto, 


_ - 


20,515 




1,410 


77,921 


1,371 


Tenerift'e and Fay 


^1, 


107,318 


4,575 


T 








Malag-a, 




71,835 




f 120,849 


1,837 


135,692 


2,030 


All other, - 


- 


175,889 


130,639 


246,398 


104,119 


729,615 


425,287 


Spirits, Foreign, distilled fi 


om graiii, - 


237,069 


18,584 


36:1,802 


19,715 


422,002 


85,354 


Do. from other materials, 


2,179,805 


104,063 


2,367,804 


84,961 


2,987,528 


248,572 


Domestic from domestic do. - 


87 


- 


- 


_ 


8 




Molasses, - 


- 


353,431 


1,706 


303,584 


629 


328,412 


1,579 


Beer, Ale, and Porter, 


- 


15,751 


544 


14,919 


201 


10,039 


376 


Tea, Boliea, 


- 


221,651 


50,047 


453,351 


216,337 


58,378 


6,753 
124,540 


Sonchong, - 


- 


117,395 


88,069 


134,792 


90,854 


293,262 


Hyson, - - 


- 


110,436 


60,903 


96,591 


13,369 


179,433 


Other Green, - 


- 


292,488 


139,099 


245,517 


85,809 


145,611 


16,195 


CofTee, 


- 


1,682,439 


1,284,376 


948,672 


499,251 


3,001,066 


2,601,646 


Cocoa, - - 


- 


29,526 


28,096 


22,664 


11,755 


26,511 


11,213 


Chocolate, - 


- - 


175 


4 


46 


_ 


42 


1 


Siig-ar, Brown, 


- 


1,821,117 


717,353 


1,969,256 


709,499 


2,990,008 


1,586,751 


White Clayed, 


- 


196,581 


252,026 


245,587 


150,639 


299,482 


253,052 


Loaf and Candy, 


- - 


1,161 


172 


~,OOJ 


525 


551 




Other refined. 


- - 


35 


_ 


47 


_ 


13 




Almonds, - 


- 


- 


- 




_ 


1,182 


113 


Currants, 


- - 


- 


- 


_ 


_ 


251 




Prunes and Plums, - 


- 


- 


- 


- 


- 


2,005 


352 


Figs, 


- - 


— 


- 


- 


- 


148 




Raisins in jars and boxes, 


- 


- 


- 


- 


- 


2,911 


58 


Do all other. 


- - 


- 


- 


- 


_ 


190 




Candles, Tallow, 


- 


1,297 


1,847 


548 


117 


890 


546 


Wax. 


- 


95 


- 


185 


75 


347 


90 


Cheese, 


- 


28,382 


21,056 


9,331 


4,309 


16,835 


7,681 


Soap, - - 
Tallow, 


- 


8,906 


11,300 


3,837 


2,981 


27,283 


15,444 


~ ~ 


~ 


— 


— 


— 


5,935 




Spices, Mace, 


- 


- 


- 


- 


- 


896 


11 


Nutmegs, - 


- - 


- 


- 


- 


- 


4,667 


112 


Cinnamon, - 


- - 


- 


- 


- 


- 


621 




Gloves, - 


- 


- 


- 


- 


- 


2,632 


1,742 


Pepper, 


- 


371,505 


335,258 


244,673 


130,246 


374,521 


343,595 


Pimento, 


- 


11,523 


2,010 


35,034 


14,042 


22,727 


17,942 


Chinese Cassia, 


- 


- 


- 


- 


- 


2,169 


573 


Tobacco, 


- 


22,533 


1,220 


12,417 


60 


4,688 


202 


Snuff, 


- 


1,050 


270 


2,125 


1,633 


2,236 


772 


Indigo, - 


- 


78,589 


91,442 


37,321 


3,532 


76,060 


39,774 


Cotton, - 
Powder, Hair, 


~ ~ 


101,699 


93,301 


98,692 


85,028 


83,483 
34 


81,815 
14 


Gun, - 

Starch, 


~ ~ 


~ 


: 


- 


- 


11,891 
148 


1,529 
6 


Glue, 


- - 


- 


_ 


_ 


^ 


714 




Pew ter Plates and Dishes, 


- 


- 


- 


- 


- 


1,965 





170 



FINANCE. 



[1806. 



STATEMENT— Continued. 





IN THE TEAR 1802. 


IN TUE TEAK 1803. 


IN THE TEAR 1804. 


SPECir.S OF MEHCHANDISK. 
















Duties 


Drawback 


Duties 


Drawback 


Duties 


Drawback. 




received. 


payable. 


received. 


payable. 


received. 


payable. 




Dollars. 


Dollars. 


Dollars. 


Dollars. 


Dollars, 


Dollars. 


AticIioi's :ind Slieet Iron, 


- 


- 


- 


- 


4,180 




Hoop and Slit Iron, - 


- 


- 


- 


- 


154 




Nails, - - - - 


69,250 


6,101 


74,593 


3,063 


83,309 


6,683 


Spikes, _ _ - _ 


3,194 


213 


3,485 


32 


2,795 


34 


Quicksilver, - - - - 


- 


- 


- 


- 


136 




Paint, Ocre, Yellow, in Oil, - 


- 


- 


- 


- 


262 


6 


Dry Yellow, - - - 


- 


- 


- 


- 


1,568 


104 


Spanish Brown, 


- 


- 


- 


- 


1,433 




White and Red Lead, 


- 


- 


- 


- 


18,109 


537 


Lead, and manufactures of, - 


15,178 


2,629 


26,975 


696 


38,646 


777 


Seines, _ - - _ 


- 


- 


- 


- 


163 




Cordage, Tarred, - - - 


20,963 


6,935 


15,248 


771 


10,234 


4,175 


Do. Untarred, and Yarn, 


2,395 


8 


2,350 


- 


2,989 


18 


Cables, _ _ - _ 


1,783 


166 


2,839 


- 


1,182 


87 


Steel, _ - - _ 


12,202 


753 


7,811 


48 


10,198 




Hemp, _ - - _ 


83,446 


- 


123,217 


- 


81,358 




Twine and Pack-thread, 


6,663 


192 


7,940 


11 


11,012 


333 


Glauber Salts, _ _ _ 


1,756 


- 


2,388 


4 


1,360 


5 


Salt, _ - - _ 


792,838 


6,607 


721,355 


4,561 


686,799 


5,992 


Coal, _ _ - _ 


23,388 


- 


21,957 


298 


14,063 




Fish, Dried, - - - - 


- 


- 


- 


- 


19,855 




Salmon, _ _ _ 


- 


- 


- 


- 


5,266 




Mackerel, _ - _ 


- 


- 


- 


- 


4,971 




All other, _ _ _ 


- 


- 


- 


- 


2,519 




Glass, Bottles, _ _ _ 


- 


- 


- 


- 


5,681 


685 


Window, _ _ _ 


- 


- 


- 


- 


15,778 


224 


Cigars, _ _ - - 


- 


- 


- 


- 


13,054 


4 


Lime, _ _ - - 


- 


— 


- 


— 


130 




Boots, _ _ _ - 


3,663 


230 


3,534 


145 


2,861 


313 


Shoes and Slippers of Silk, 


2,393 


461 


996 


360 


1,438 


244. 


Do. all other, _ - - 


11,150 


1,048 


9,067 


329 


9,593 


1,874 


Cards, Wool and Cotton, 


141 


- 


5 


- 


24 


5 


Do. Playing, _ _ - 


15,039 


17,155 


1,620 


1,347 


992 


381 


Dollars, 


14,766,990 


4,197,256 


14,227,778 


2,569.813 


20,186,185 


6,686,483 



Tbeasuht Department, Register's Office, January 14, 1806. 



JOSEPH NOURSE, Register. 



9th Congress.] 



N6. 241. 



[1st Session 



REMISSION OF DUTIES. 

, COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 20, 1806. 

Mr. Crowninshield made the following report: 

The Committee of Commerce and Manufactures having considered the petition of Elizabeth Peckham, of North 
Kingston, in the State of Rhode Island, widow of Benedict Peckham, referred to them by the House of Represen- 
tatives, on the 11th of December, submit their report: 

The petitioner states that her husband. Benedict Peckham, in the month of August, 1801, sailed from Rhode 
Island, on a voyage to the West Indies, and imported from thence, into Wasliington district. North Carolina, about 
twenty-two hogsheads of rum, and there entered and landed the same, and gave bond with William Ross, as surety 
for the duties, amounting to six hundred and eighteen dollars and forty-four cents. That the markets not answer- 
ing tlie expectations of the said Peckham. he re-shipped the said rum, and took passage therewith himself for New 
York, about the 18th of February, 1802. That, soon after, a violent storm came on, and without doubt the vessel and 
every person on board were lost, as they have never been heard of since that time. Tliat the said Ross was obliged_ 
to pay the duties on the rum, and commenced his action therefor, and attached a dwelling house and four acres of 
land, situated in North Kingston, in Rhode Island, on which the petitioner resided with her children, and obtained 
judgment on his suit, and caused the house and land to be sold at auction. The petitioner further states, that the 
said Peckham, died in debt to the amount of the remainder of his estate, and that she with her six children are 
turned out of their home, in consequence of this decision. 

The petitioner prays that the amount of the duties on the twenty-two hogsheads of rum may be refunded. 
The committee consider this as a hard case, and if their humanity alone was to be consulted on the occasion, 
they could not hesitate to recommend that the wished for relief should be granted; but they cannot venture to recom- 
mend a deviation from the invariable practice of the House, on all similar applications. The decisions have been 
founded on strict commercial justice. When articles are imported and bonded at the custom house, the duties form 
a part of their value, and immediately become an insurable interest. In the case under consideration, the rum 
might have been insured, (although it is not stated that it was insured) and the loss would have fallen on the under- 
writers. It is true it was not consumed in the country; this, however, ought not to make any difterence,if it is con- 
sidered that the article was going from port to poit in the United States, with coasting documents, no bonds hav- 
ing been given to export it to a foreign country. If this claim is allowed, it would be equally fair to refund the du- 
ties on all goods which may receive damage after importation, and previous to their consumption, and even in cases 
of loss by fire, stoniis, and from every accident or injury whatever. 

Considering, therefore, the danger that would arise from innovating upon the revenue system of the United 
States, in a principle of this magnitude, the committee are induced to otter the following resolution: 
Resolved, That the petitioner have leave to withdraw her petition. 



1806.] REMISSION OF FOREIGN TONNAGE DUTIES. I7] 



9th Congress. ] ^^^ 242. [1st Session. 

PROTECTING DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANIIARV 21, 1806. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, to whom was referred the petition of 
Nathaniel Goodwin and others, manufacturers of iron hollow ware, in the State of Massachusetts, made the fol- 
lowing report: 

The petitioners state that they are engaged in the manufacture of iron hollow ware, and as the United States 
are amply furnished with the materials, and blast furnaces, to supply their inhabitants with that article, they pray 
that an additional duty may be imposed upon all iron hollow ware, imported from foreign countries. ' 

The committee find that, under existing laws, this article is subject to a duty of seventeen and a half per cent. 
ad valorem, on importation into the United States in American vessels; and if imported in vessels 7iot of the United 
States, it is charged with the additional duty often per cent, on the duty: making the duty, in this case, amount to 
nineteen and one quarter percent, on the invoice value. 

There are no documents within the reach of the committee that show the quantity of iron ware imported indi the 
United States, in any one year — goods, wares, and merchandise, paying the ad valorem duty, not being particularly 
designated in the returns trom the collectors of the customs: but it is believed the quantity and value have not been 
very considerable for some years past It catinot be doubted that the United States are in possession of the mate- 
rial for making iron hollow ware. The native ore is in abundance in many parts of the country, and already furna- 
ces have been established, which bid fair to furnish the fullest supply of that article. The protectins; duty impose<l 
on tiie foreign iron ware, holds out to the skilful manufacturer every encouragement he can reasonably ask for If 
this duty was deemed too moderate, and not sufficiently high to give a preference to the domestic manufactuie, the 
committee would deem themselves authorized to propose a further augmentation. The articli' being not only bulky 
but of considerable weight, mus^t be subject to a high freight in proportion to its prime cost: if to this is added 
the commissions for purchase in Europe, the insurance, and other shipping charges, with the duties payable on its 
importation here, it will be found that the foreign article comes burthened sufficiently to give a decided advantage 
to the American manufacturer. Surely the petitioners do not wish to claim a monopoly. A preference they'ougfit 
to have, and, so far as encouragement has been given to American manufactures generally, the article in question 
is charged with the highest rate of duties, with a very few exceptions. 

If Congress had determined to impose higher duties on imports, with a view of raising additional revenue, or to 
countervail the extraoi-dinary impositions of other countries, it would be sound policy to single out such articles as 
could be readily manufactured in the United States: and by making a just discrimination, allmight derive a benefit 
and none be injured: but as the House have only authori/.ed the committee to report on the subject matter of the 
petition, and as they are satisfied that the petitioners may receive a pieference in the market for their manufacture 
so far as cheapness and the quality of the article will give it to them, when put in competition with the forei°-n 
article, they are of opinion that it is at this time inexpidimt iv> augment the duty on iron hollow ware imported inio 
tlie United States. And the committee recommend ihat the petitioners have leave to withdraw their petition 



:e 



9th Congress.] No. 243. [1st Session. 



REMISSION OF FOREIGN TONNAGE DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES. ON THE 3d OF FEBRUARY, 1806. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, to whom was referred, on the 8th in- 
stant, the petition of Francis Ainory, merchant, of Boston, Massachusetts, made the following report: 
The following facts are stated in the documents accompanying the petition. That the petitioner was the 
owner of the ship Astrecu an American vessel, commanded by Solomon Stanwood. which sailed from Batavia. in the 
month of December, 1804, bound to Boston, and loaded with a cargo of sugar and coffee. Tliat. on the 17th' of Ja- 
nuary following, being then in the Indian ocean, the ship experienced a violent hurricane, and was dismasted and 
otherwise so wrecked and disabled, as to be obliged to put into the Isle of France, for the preservation of the lives of 
the crew, and the property on board. That, upon examination in that island, finding the ship not sea-worthy and 
that it was impossible to repair her, except at an expense of sixteen or seventeen thousand dollars, which <'reitly 
exceeded her then value, the master was obliged to abandon her, and she was condemned and sold for the benefit of 
the underwriters, and all concerned. The master and supercargo now state, that, as no American bottom could be 
obtained, to transport the cargo to America, they chartered the Swedish ship Pelee, and shipped the same in that 
vessel, to Boston, where she lately arrived. The collector of Boston charged the alien or foreign duty on the 
Pelce's cargo, as she was a foreign ship, and it is this additional duty which the petitioner is desirous should be re- 
mitted to him. upon the ground that the cargo was originally shipped in an American vessel, and that the change of 
bottom, which subsequently took place, was an act of necessity beyond his control, and for which he ou^htnot to 
suffer. * 

It will be observed by the House, that the car^o in question was actually imported into the United States in a 



foreign ship, and it is known that the character of the ship determines the amount of duties payable upon the car-^o 
imported in her. The cargo may be American property, but, if the ship is sailing underaforeign Hag, <>r even under 
the flag of the United States, and is not furnished with an American register, the cargo is liable to the extra duty 
alluded to, and the ship herself is charged with the foreign tonnage duty. By the laws now in force, it will be' found 
that all goods, wares, and merchandise, imported into the United States, in vessels not of the United States are 
subject to pay the addition of ten per cent, on the amount of duty, chargeable upon similar articles imported in 
American vessels. The following statement will point out the difference of duty between a foreign and an Ameri- 
can ship, and their respective cargoes, upon entering a port of the United States. 

American Ship. 
For instance: A cargo is imported from a foreign port or place, in an American vessel, and the duty amounts 
Tonnage duty for the ship, supposed to be of the burthen of 200 tons, at six cents per ton, - ' 12 00 

Duty on the cargo, imported in the American ship, including her duty of tonnage, - $i^oi2 00 



$1,000 00 


100 00 


100 


00 


100 


00 


$1,300 


00 



172 FINANCE. L1806. 

Foreign Ship. 

If we presume the cargo to be imported in a vessel not of the United States, the first duty is 

To which add tlie ten per cent, additional duty for foreign vessels, . - . - 

Add, also, the foreign tonnage for 200 tons, at 50 cents per ton, - - - - - 

And the foreign light money, for the same tonnage, at 50 cents per ton, - - - - 

The amount of tonnage and the light money, for the foreign ship and the duty on her cargo, will be, 

Here, it is manifest, the advantage is on the side of the American vessel, in our own ports; but the disadvantages 
our vessels suffer in foreign ports, from the extraordinary impositions on our commerce and shipping, more than 
counterbalance the trifling additional expenses to which foreign vessels are subject upon entering the ports of the 
United States; and if the United States should, at once, repeal all the alien or additional duties payable by foreign 
ships, both on imports and tonnage, upon the condition that otlier nations would adopt the same liberal and just po- 
licy towards American ships and cargoes, when entering their ports, placing them on an equal footing with their 
own, commerce would be free from some of the shackles with which it is at present burthened, and a fair competi- 
tion, in every market, would soon determine who could afford to sell cheapest. This is all that is wanted, to give 
to American shipping and commerce the free scope to enterprise, and a ready and advantageous sale of our produc- 
tions, with cheap returns for the consumer. The committee have been led to make these observations, previous to 
giving their opinion on the present application for a remission of the additional duties imposed on the cargo of a 
foreign ship. They seemed to have a bearing on tlie subject, and are supposed to be of some importance, from a 
considei'atmn that it would be inexpedient to allow such a claim, without, nrst, repealing the discriminating law. 

If the duty on the cargo is retuined, it would certainly be as lair to return the foreign tonnage duties on the ship. 
The committee are not informed of any one instance, where either has been done. It is true, this was a constrained 
importation, but It is already seen, if the cargo had been brought in any unreglsteretl vessel of the United States, it 
must have been charged with the additional duty. The cargo came fiom a foreign port, ■ and was of foreign produc- 
tion, and Imported in a foreign built vessel. It having been once on board an American ship, seems to make very 
little difference in its favor. It ought to give it no new or extraordinary privileges. Let the committee be allowed 
to reverse the case, and to suppose the Aatrea had been the foreign ship, and the PeJec the American ship, and all 
the other circumstances had been similar in every respect. The cargo then is imported in the Pclee, entitled to 
American privileges, when it might have been imported in the Aslreu^ if no accident iiad happened to her on the 
voyage. Sliould the American or foreign duties be charged on such an Importation? Surely the American duties. 
And would it not have been manifestly unjust, to have charged the owner with the foreign duties on the cargo of the 
American ship, merely because it was taken from a foreign ship.'' And yet, if the principle is correct in one case, it 
must be so in the other. If, however, the transshipmesit had been made at sea, from an American to a foreign ship, 
under circumstances of eminent distress, it would have placed the claim on somewhat higher ground: but, even in 
this case, the committee would hardly have felt themselves authorized to propose a return of the additional duties. 
The amount of the duty on this importation is not stated in any documents accompanying the petition. If the cargo 
was reexported, the ten per cent, additional duty was retained, besides the usual three and a half per cent, de- 
ducted from the drawback. 

The committee are satisfied, if this claim was allowed, it would lead to many others of a similar nature; and, the 
law being clear and explicit on this head, they are of opinion that the House ought not to grant the prayer of the 
petitioner, and they recommend that he should have leave to withdraw his petition, with the documents accompa- 
nying it. 



9th Congress.] ^O. 244. [1st Session. 



SINKING FUND. 

COMMUNICATED TO THE SENATE, FEBRUARY 5, 1806. 

, Washington, February 5, 1806. 

The Commissioners of the Sinking Fund respectfully report to Congress as follows: 
That the measures which have been authorized by the Board, subsequent to their report of 5th of February, 1805, 
so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury to this 
Board, dated the fourth day of the present month, and in tiie statements therein referred to, which are herewith 
transmitted, and prayed to be received as part of this report. 

GEORGE CLINTON, President of the Senate. 
JOHN MARSHALL, Chief Justice. 
JAMES MADISON, Secretary of State. 
ALBERT GALLATIN, Secretary of the Treasury. 
JOHN BRECKINRIDGE, .Attorney General. 
The President of the Senate. 



The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund — 

That the balance remaining unexpended at the close of the year 1803, and applicable to payments fall- 
ing due after that year, which balance, as appears by the statement B, annexed to the last annual 
report, amounted to one million three hundred and forty-nine thousand one hundred and thirty- 
six dollars and fiftyone cents, -_---.. $1,349^136 51 

Together with the disbursements made during the year 1804, out of the treasury, on account of the 
principal and interest of the public debt, which disbursements, as appears by the statement C, an- 
nexed to the last annual report, amounted to eight millions two hundred and fifty-nine thousand 
eight hundred and forty-five dollars and fifty-five cents, .... 8,259,845 55 

And with a further sum arising, from profit on the remittances from America to Europe, purchased 
in the year 1804, which profits, as appears by the statement D, annexed to the last annual report, 
amounted to forty -five thousand forly-nine dollars and twenty five cents, - - - 45,049 25 

And amounting, altogether, to nine millions six hundred and fifty-four thousand and thirty 
one dollars and thirty one cents, - ^ - ^ . . 9,654,031 31 



Have been accounted for in the following manner, viz; 



1806.] THE SINKING FUND. I73 



I. There was repaid into the treasury, during the year 1804, on account of the principal of protested 

bills, and of advances made toconnnissioners of loans, as appears by the statement P], annexed to 
the last annual report, a sum of one hundred and twenty-one thousand, four hundroil and forty-six 
dollars and fifty-one cents, ---...... $121,440 51 

II. The sums actually applied, during the same year, to the payment of the principal and interest of 
the public debt, as ascertained by accounts rendered to the Treasury Department, amount, as 
will appear by tiie statement A, to seven millions two hundred and fifteen thousanil six imndred 
and nine dollars and sixty-six cents. 

1st. Paid in reimbursement ot the principal of the debt, - • - 3,207,587 G5 

2d. Ditto on account of tiie interest and cliarges on the same, - - 4,008,022 01 

7,215,60!> 06 

III. The balance remaining unexpended at the close of the year 1804, and applicable to payments 
falling due after that year, as ascertained by accounts rendered to the Treasury Department, 
amounted, as will appear bythe statement B, to two millions three hundred and sixteen thousand 

nine hundred and seventy-five dollars and fourteen cents, - . . . 2,316,975 14 

9.654.031 31 



That, during the year 1805. the following disbursements were made out of the treasury, on account of 
the principal and interest of the public debt: 

I. On account of the reimbursement and interest of the domestic debt, - - - 4,583,960 54 

II. On account of domestic loans, obtained from the Bank of the United States, viz: 

On account of the principal, -..--. 700,00000 
On account of the interest, --._.- 56,170 12 



756,170 12 

III. On account of the domestic unfunded debt, - - - - - 8,061 71 

IV. On account of the principal and interest of the foreign debt, and of the interest on the Louisiana 

stock, .---..... 1,980,316 70 

Amounting, altogether, as will appear by tiie annexed list of warrants, C, to seven millions three 

hundred and twenty-eight thousand five hundred and nine dollars and seven cents, - 7,328,509 07 



Which disbursements were made out of the following funds, viz: 
I. From the fund constituting the annual appropriation of eight millions of dollars, for the year 1805, viz: 
From the fund arising from interest on the debt transferred to the commissioners of the sinking 
fund, asj per account I. ...... 711,737 41 

From the funds arising from the sales of public lands, being the amount of moneys 

paid into the treasury, from 1st July 1804, to 30th June, 1805. as per account K, 553,521 63 
From the proceeds of duties on goods, wares, and merchandise, imported, and on the 

tonnage of ships or vessels, ------ 5,904,839 37 

Amounting, altogether, to - - - - 7,170,098 41 

Which sum of - - - - - " . " ■. ",170.098 41 

Together with the sum advanced during the year 1804, on account of the appropria- 
tion for the year 1805, amounting, as appears by the last annual report, to - 829,901 59 



Makes, in the whole, the annual appropriation, for the year 1805, of $8,000,000 00 

H. From the proceeds of duties on goods, wares, and merchandise, imported, and on thetonnageof 

ships or vessels, advanced in part, and on account of the annual appropriation for the year 1806, 67.71 6 02 

III. From repayments in the treasurj', on acc'iint of remittances purchased for providing for the 

foreign debt, and of advances made to commissioners of loans, as will appear by the statement 

E, viz: 

Repayment of the purchase money and advances, . - . - 66,703 02 

Damages and interest recovered, --.--- 20,731 20 



•/ 87.434 22 



IV. From the moneys appropriated by law, for paying commissions to agents employed in the pur- 
chase of remittances, for the foreign debt, being the amount paid at the treasury, during the year 
1805, for that object, as will appear by the statement C, - - - - 3,260 42 

That the abovementioned disbursements, together with theabove stated balance of dollars, - 2,316,975 14 

Which remained unexpended at the close ot the year 1804, and with a further sum arising from pro- 
fit on remittances from America to Europe, purchased in the year 1805, and amounting, as will 
appear by the statement D, to --.-.-. 117.137 52 

And amounting, altogether, to nine millions seven hundred and sixty-two thousand six hun- 
dred and twenty-one dollars and seventy-three cents, - . - _ 9,762,621 73 



Will be accounted for in the next annual report, in conformity with the accounts which shall then 

have been rendered to the Treasury Department. 
That, in the mean w hile, the manner in which the said sum has been applied is estimated as followeth: 

I. The repayments into the treasury, on account of principal, have, during the year 1805, amounted, as 

by the above mentioned statement E, to - - - - - - 66,703 02 

II. The sums actually applied, during the year 1805, to the payment of the principal and interest of 
the public debt, are estimated as followeth, viz: 

1st. Paid in reimbursement of the principal ot the public debt, - - 3,905,29161 

2d. Paid on account of interest and charges on the same, - - - 4,142,853 18 



8.048,144 79 



As will appear by the estimate F. 

III. The balance remaining unexpended at the close of the year 1805, and applicableto payments fall- 
ing due after that year, is estimated, as per estimate G, at - - - - 9,762,621 73 



That no purchases of the public debt have been made since the date of the last report to Congress. 
And that the statement H exhibits the amount of stock transferred to the commissioners of the sinking fund, in 
trust for the United States, to the 31st December, 1805, including the sum of $98,909 41 cents, being the aggregate 
of the several species of stock transferred in the year 1805, in payment for public lands. 
All w hich is respectfully submitted. 

-\LBERT GALLATIN, Secretary of the Treasury. 
Treasury Department, February 4, 1806. 

23 tt 



174 FINANCE. [1806. 



Statement of the application, during the year 1804, of the funds provided for the payment qf principal and interest 

of the Public Debt. 

I. Payments on account of the Principal of the Public Debt. 

1st. On the domestic debt, viz: 

Reimbursement of old six per cent, stock, . . $965,168 84 

Do. deferred stock, . . . 327,765 44 



1,292,934 28 

As per treasury report. No. 17,368. 

2d. Domestic loans reimbursed, ....... 250,000 00 

3d. Unfunded debt, viz: registered debt, ..... 653 37 

4th. On the foreign debt, viz: 



2d instalment of loan of 3,000,000 of 1st January, 1792, 

2,000,000 of 1 St February, 1784, 
3,000,000 of 1st February, 1790, 
2,500,000 of 1st March, 1791, 
2,950,000 of 1st June, 1792, 

6,000,000 of 1st Sept. 1791, 



4th 


do. 


do. 


5th 


do. 


do. 


4th 


do. 


do. 


2d 


do. 


do. 


4th 


do. 


do. 


3d 


do. 


do. 



Guilders. 
600,000 
250,000 
600,000 
500,000 
600,000 
1,200,000 



2,050,000 of 1st Dec. 1791, Antwerp, 410,000 



Guilders, 4,160,000 

At 40 cents, 1,664,000 00 



1 1 . Payments on account of the interest and charges on the Public Debt. 
1st. On the domestic debt, viz: 

Interest for the year 1804, on the several species of stock constituting the domestic funded 
debt, as settled at the treasury, ..... . $3,307,82441 

To vyhich add this sum, arising from a difference or error in calculation of 
dividends on stock standing on the books of the commissioner of loans. 
New York, ......... 05 



3,307,824 46 

2d. Interest on domestic loans, ....... 60,593 68 

3d. On the foreign debt, viz: 

Interest paid at Amsterdam, . . Guilders, 602,500 

Do. at Antwerp, . . . 55,350 



657.850 
At 40 cents, $263,140 00 
Premiums on loan of 1st February, 1784, . 17,500 

At 40 cents, 7,000 00 

Interest on Louisiana stock, from 20th to 31st December. 
1803, ...... $22,191 75 

Do. do. from 1st Jan. to 1st July, 1804, 337,500 00 



Commissions and charges, viz: 

At Amsterdam, (6) Guilders, 7,403 18 05 
At Antwerp, . . 5,054 02 12 



359.691 75 (a) 



12,458 01 01 

At 40 cents, $4,983 22 
From this sum deduct a profit in exchange on 
remittances from London to Amsterdam, and 
in Antwerp, (c) . . . . 2,074 11 



2,909 11 



Commissions on the purchase of bills in America, . . 6,863 01 

639,603 87 



$3,207,587 65 



4,008,023 01 



Total amount applied to the public debt, during the year 1804, .... $721560966 



Notes to Statebtent A. 



(a) Of the sum of $359,691 75, here stated as paid for interest on Louisiana stock, there was paid 

For mterest on stock in London, £44,961 9 2 =$199,828 75 

Do. do. in Amsterdam, .... Guilders, 399,657 10 00 = 159,863 00 

$359,691 75 

(6) The amount of commissions and charges stated in the accounts of the commissionei-s at Amsterdam for the 
year 1804, and admitted at the treasury, is Guilder s, 1, ih Q6 00 

From which there is iiere deducted, a sum short stated in the report of last year as the balance 
in the hands ot the commissioners at the end of the year 1803, arising from an overpayment 
of mterest by them in tliat year, on sundry bonds, . . , Guilders, 8 06 11 

And a further sum, for an error in the statement of the amount of remittances 
ot last year, this amount being, GmVf/frs, 7,534,849 18, instead of 7,534,849 17, 
as stated, ••........ i OO 



8 07 11 



Leaving the sum here stated, Guilders, 7,403 18 05 



1806.1 



THE SINKING FUND. 



175 



(c) Profit on exchange in Europe. 

On je4,000 9 10, remitted from London to Amsterdam, 

Produced, ..... Guilders, 47,524 06 08 

At par, would make, ..... 44,449 18 00 



Gain, ...... 

Deduct charges in London on the remittance, . 



3,074 08 08 

At 40 cents, 

. £30 16 02 

At 4s. 6rf. 



$1,229 77 
136 91 



Profit on remittances to Antwerp, being a difference in favor of Holland currency over exchange 
money of Antwerp, .... Guilders, 2,453 02 00, at 40 cents, 



1,092 86 

981 25 

$2,074 11 



Treasury Department, Register's Office, 31s/ January, 1806. 

JOSEPH NOIJRSE, Register. 



B. 



Statement of the provision, made before the 1st day of January, 1805, for the payment of the principal and interest 

of the Public Debt, falling due after the year 1804. 



I. On account of the Foreign Debt. 

1st. Cash in the hands of commissioners and agents in Europe, viz: 
In Amsterdam, as per treasury report. No. 16,534, 

Guilders, 2,024,692 5 11 
From which deduct a balance due the commis- 
sioner in Antwerp, per treasury report. No. 
16,568 - - - - - 751 11 6 

2,023,940 14 5 

at 40 cents, $809,576 28 
In London, per account rendered, of December 31st, 1804, (a) 

£'37,823 8 7, at 4s. &d. 168,104 13 



2d. Amount of remittances to Amsterdam, paid 
for at the treasury previous to 31st Decem- 
ber, 1804, which are credited by the com- 
missioners in their accounts for 1805, {b.) guilders 3,102,628 4, at 40 cents, 



3d. Amount of payments made at the treasury, before the 31st December, 1804, 
for bills which have been protested for non-payment, and which, on that day, 
had not been repaid into the treasuiy, (c.) - - - . . 

II. Deduct on account of the Domestic Debt, as follows: 

The demands unsatisfied on the 1st January, 1805, were as follow, viz: 

1st The dividends payable by commissioners of loans, including the dividend 

due on that dajr, and exclusively of unclaimed dividends no longer demand - 

able at their offices, ---.-... 

2d. Unclaimed dividends payable at the treasury, ((/. ) ... 

The provision made for that object was as follows: 

1st. Cash due from commissioners of loans deceased and out of 

oflice, -------- 2,855 gg 

2d. Cash in the hands of acting commissioners, - - 1,421,003 21 



Leaving the amount wanted to meet all the demands to 1st January, 1805, 
Total amount of provision for public debt remaining unapplied on 31st Dec. 1804, 



977,680 41 

1,241,051 28 
104,000 00 



1,413,709 14 
15,906 30 



1,429,615 44 



1,423.858 89 



2,322,731 69 



5,756 55 



$2,316,975 14 



Notes to Statement B. 

(«) The following statement shows the disposition of the sterling bills during the year 1804, and proves the correct- 
ness of the balance as iiere stated: 
The balance remaining in the hands of Sir Francis Baring, & Co. on the 1st Januaiy, 1804, 

as per note (r/.) to statement B, annexed to the last annual report, was, - - £2,664 12 

And the outstanding remittances, purchased previously to that time, but not credited by them 

till afterwards, per same, was, -------- 3.000 

5.664 12 
The sterling bills purchased in 1804, per statement D, annexed to the last annual report, after 

deductnig the amount transferred to funds other than the public debt, amounted to - 81,151 U 9 

Amounting together, to ------- £86,816 3 9 

Which are accounted for as follows, viz: 

Remitted to Amsterdam, ------... £4.000 9 1 o 

Charges in London, on that remittance, - - - - - - - 30 16 2 

Paid interest on Louisiana stock in London, $199,828 75, . . - . 44,961 9 2 

Balance in the hands of the agents, 31st Dec. 1804, as hereafter. - - - - 37,823 8 7 

As above, -----...-- £86,816 3 9 



176 



FINANCE. 



[1806. 



Notes to Statement B — Continued. 

(c. ) Statement of protested bills, outstanding December 31, 1804. 

Guilders. 



Purchased before f Prager's bill, 

1802. ^A. Brown's bill. 

Purchased in C Brown and Hackman's bill, 
1802. t Beal wings' bill, 



120,000 
60,000 
60,000 



260,000 



Dollars. 

48,000 recovered in 1805. 

24,000^ In suit, but a 

24,000 ^ partial payment 

8,0003 made in 1805. 



104,000 



The protested bills outstanding on 31st December, 1803, amounted, as per note (e.) to statement 
B, annexed to las+ annual report, to ------- . 

The repayments in 1804 of the principal of protested bills, amounted, as per statement E, an- 
nexed to last annual report, to ------.. 

And leaves outstanding, as here stated, - - - . . 



$224,500 
120,500 
104,000 



(</. ) The amount of unclaimed dividends, consisting of dividends declared at the several loan offices, 
and which having remained open for payment at the loan offices for nine months, were unclaim- 
ed during that period, and were then transferred to the treasury for payment pursuant to law, 
actually outstanding on the 1st January, 1805, amounted to ----- $15,90331 

To this sum has been added, in the statement, a sum short advanced for the payment of the divi- 
dend on stock standing on the books of the treasury, for the third quarter of the year 1804, 

2 99 



And making, together, the sum stated. 



$15,906 30 



(6.) The following statement proves the sum of guilders, 3,102.628 4, as here stated, to be correct: 

Balance in the hands of the commissioners at Amsterdam and Antwerp, on 31st December, Guilders. 

1803, as per statement B, annexed to the last annual report, - - - 2,092,156 03 08 

Remittance paid for, previously to 1804, and credited by the commissioners in their accounts for 

that year, as per same statement, --..-- 697,051 

Ditto purchased in 1804, as per statement D, annexed to last annual report, 7,534,849 17 
Ditto, made from London to Amsterdam, £4,000 9 10, at par, - - 44,449 18 

Gain in exchange on this remittance, per note (6.) to statement A, Guilders. 
of this year, ---... 3^074 08 08 
Ditto, ditto, at .\ntwerp, ditto, ditto, - - - 2,453 02 06 

5,527 10 14 

7,584,827 05 14 



Guilders, 10,374,034 09 06 



Amount applied to principal and interest of foreign debt in 1804, as per statement A, viz: 
For prnicipal, • - - . - Guilders, 4,160,000 

Interest and premiums on Dutch debt, - - 675,350 

Interest on Louisiana stock in Amsterdam, $159,863 = 399,657 10 

Commissions and charges, - - - . 12,458 01 01 

1,087,465 1101 

Cash m hands ot commissioners at Amsterdam and Antwerp, per 

this statement, ------ 2,023,940 14 05 

Balance of outstanding remittances to Amsterdam, per ditto, - ■■ 3,102,628 04 00 



As above, - - . . 

Treasury Departmem, Register's, Office, January 31s^ 1806. 



Guilders, 10,374,034 09 06 



JOSEPH NOURSE, Register. 



List of Warrants drawn according to latv, during the year 1805, on the Treasurer of the United States, on account 

of the reimbursement and interest of the domestic debt. 



No. of 




Date. 




Warrant. 








5507 


January 


19, 1805, 




5508 




19, 


- 


5573 


Februaiy 


15, 


_ 


5591 




26, 


- 


5616 


March 


", 


_ 


5620 




7, 


- 


5621 




7, 


. 


5622 




7, 


. 


5623 




7, 


_ 


5624 




7, 


- 


5640 




18, 


- 


5641 




18, 


- 


5642 




18, 


- 


5643 




18, 


_ 


5644 




18, 


- 


5649 


1 


18, 


- 


5657 




22, 


- 


5660 




25, 


- 


5661 




27, 


- 




James Davidson, Jun. 

Do. 

Do. 

Do. 

Do. 
James Alger, 
Isaac Neufville, 
Sherwood Haywood, 
Merewether Jones, 
William Gardner, 
James Ewing, 
William Few, 
William Imlay, 
Jabez Bowen, 
Benjamin Austin, 
Edward Hall, 
Stephen Moylan, 
John Stockton, 
George Simpson, / 



Amount. 



$431 


48 


3,597 


28 


3,572 


96 


2,397 


11 


1,716 


63 


1,000 




37,000 




1,864 




8,000 




6,150 




5,800 




230,000 




20,000 




11,800 




158,000 




12,311 


04 


21,036 


71 


2,733 


68 


186,655 


65 



1806.] 



THE SINKING FUND. 



177 



C — Continued. 




5663 
5663 
5788 
5870 
5871 
5872 
5873 
5874 
5885 
5902 
5903 
5904 
5905 
5906 
5908 
5912 
5913 
5917 
5918 
5919 
6022 
6158 
6159 
6160 
6161 
6178 
6199 
6200 
6201 
6202 
6203 
6204 
6206 
6224 
6234 
6237 
6239 
6210 
6241 
6462 
6660 
6661 
6662 
6663 
6693 
6747 
6748 
6749 
6750 
6752 
6763 
6764 
6776 
6781 
6792 
6806 
6807 
6808 
5658 
5907 
,5916 
6256 
6782 
6805 



March 



April 
June 



July 
September 



27, 
15, 

3, 

3, 

3, 

3, 

3, 

10, 

18, 

18, 

18, 

18, 

18, 

19, 

22, 

84, 

26, 

26, 

26, 

8, 

3, 

3. 



October 
December 



3, 
10, 
16, 
16, 
16, 

'!' 
16, 

16, 

18, 
23, 

24, 

25, 

25, 

25, 

25, 

21, 

2, 

2, 

2, 

2, 

0, 

8, 

8, 

8, 



18, 
20, 
23, 
26, 
28, 
28, 
28, 
22, 
18, 
25, 
September 30, 
December 23. 
28, 



May 

June 



James Davidson, Juu. 
lliomas T. Tucker. 
James Davidson, Jun. 
William Gardner, 
William Imlay, 
Sherwood Haywood, 
Isaac Neul'ville, 
James Alger, 
James Davidson. Jun. 
Heiijamin Austin, Jun. 
('hnstopher Eliery, 
William Imlay, 
James Ewing, 
Merewether Jones, 
Edward Hall, 
Stephen Moylan, 
John Stockton, 
George Simpson, 
James Davidson. Jun. 
Thomas T. Tucker, 
James Davidson, Jun. 
James Alger, 
Isaac Neufville, 
Sherwood Haywood, 
William Imlay, 
William Gardner, 
Merewetiier Jones, 
James Ewing, 
\Niiliam Few, 
William Imlay, 
Ciiristopher Eliery, 
Benjamin Austin, Jun. 
Edward Hall. 
Stephen Movlan. 
James Davidson. Jun, 
John Stockton, 
George Simpson, 
James Davidson, Jun. 
Thomas T. Tucker, 
James Davidson, Jun. 
^\ illiam Imlay, 
Sherwood Haywood, 
Isaac Neufville, 
James Alger, 
\\ illiam Gardner, 
Christopher Eliery, 
William Imlay, 
James Ewing, 
Edward Hall. 
Benjamin Austin, 
William Few. 
Merewether Jones, 
James Davidson, Jun. 
John Stockton. 
Christopher Eliery, 
George Simpson, 
James Davidson, Jun. 
Thomas T. Tucker, 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 



$181,265 81 

333,573 21 

125,584 61 

125,912 03 

372.255 82 

126.667 56 



$30,841 


40 


2.343 


22 


4,187 


85 


6.250 




15,000 




1,700 




36.500 




900 




7,306 


28 


170,000 




11,700 




5,000 




5,600 




9.700 




12,280 


15 


104,692 


89 


2,719 


47 


59,148 


92 


29,486 


01 


2,453 


05 


480 


36 


500 




36,500 




1,750 




12,000 




6,250 




11,200 




5.570 




239,000 




8.450 




9,100 




173.000 




11.959 


14 


203.683 


84 


8,799 


96 


2,736 


74 


182,467 


04 


30,267 


11 


2,453 


05 


756 


98 


20,000 




2,500 




69,000 




1,500 




13,000 




30,000 




22,000 




11. (100 




22,124 


47 


325.000 




460.000 




20.000 




10,986 


20 


4,697 


70 


2.300 




74,.386 


19 


57,174 


11 


4,2.'J3 


83 



1,265,259 04 



$4,583,960 .34 



178 



FINANCE. 



[1806. 



List of Warrants draivn according to law, during' the year 1805, on the Treasurer of the United States, on account 

of the interest on Domestic Loans. 



No. of 
Warrant. 


Date. ^ .^ 


In whose favor. 


Amount. 


5516 
.5517 
5518 
6027 
6028 
6029 
6471 
6472 
6473 


January 25, 1805, 
July 9. 

fc* _ _ 

October 23, 


James Davidson Jun. 

Ditto, 

Ditto, ----- 
Ditto, -.---- 
Ditto, ----- 

Ditto, 

Ditto, ----- 
Ditto, . - - . - 
Ditto, ----- 


$6,000 00 
14,104 16 
5,503 46 
11,250 00 
6,000 00 
3,125 00 
1,562 50 
5,625 00 
3,000 00 




$56,170 12 



List of Warrants drawn according to law, during the year 1805, on the Treasurer of the United States, on ac- 
count of the repayment of principal of moneys borrowed from the Bank of the United States. 



Date. 


No. of 
Warrant. 


1 
In whose favor. 


Amount. 


September 27, 1805, 

(4 44 


6243 
6244 
6245 


The President Directors and Company of the Bank of the U. S. 
Ditto, ------ 

Ditto, ------ 


$125,000 00 
375,000 00 
200,000 00 






$700,000 00 



List of Warrants drawn, according to law, during the year 1805, on the Treasurer of the United States, on ac- 
count of the reimbursement of Capital and Interest of the Butch Debt. 



No. of 
Warrant. 


Date. 


In whose favor. 


Amount. 


5510 
5511 
5527 
5528 
5530 
5540 
5543 
5557 
5558 
5572 
5574 
5575 
5577 
5581 
5592 
5638 
5664 
5786 
5797 
6128 
6212 
6217 
6231 
6379 
6431 
6704 


January 21, 

26, 
29, 
30, 

February 1, 
2, 

J' : : 
11, 

If' : : 

18, 
19, 

26, 
March 16, 

29, 
April 15, 

19, 
August 19, 
September 19, 

20, 

24, 
October 4, - - 
: 15, - - 
December 11, 


Montgomery, and others, 

Joseph Summerl, 

Smith, Ridgway and others. 

Ditto. - .. - - 
David Harris, 

Ditto. - - - - 
Smith, Ridgway, and others, 
George Simpson, 
David Harris. 
Jonathan Burrall, 

Ditto. - 
David Harris, 
Smith, Ridgway, and others. 

Ditto, ' - 

Ditto, - _ - - 

Ditto, - - - - 

Ditto, - 
David Harris, 
Jonathan Burrall, 

Ditto. 
David Harris, - - . 
George Simpson, 
Jonathan Burrall. 
John McGowan, & Co. 
Jonathan Burrall, 
George Simpson, 


$37,500 00 

18,750 00 

18,750 00 

9,375 00 

52,170 00 

30,710 00 

70,593 75 

24,790 00 

3,700 00 

365,945 59 

4,054 40 

33,596 00 

35,343 75 

29,400 00 

55,312 50 

26,427 25 

18,656 25 

300 44 

925 00 

185,000 00 

37,000 00 

111,000 00 

111,000 00 

3,237 50 

848 34 

393 64 




$1,284,779 41 



Included in the foregoing List of Warrants are the following warrants for commissions to the agents who pur- 
chased the bills, at one-fourth of one per cent, viz: 
15, David Harris, ----- $300 44 

19, Jonathan Burrall, ----- 925 00 

15, Ditto, - - - - - - 848 34 

11, George Simpson, ----- 393 64 

$2,467 42 



No. 5786, April 
5797, '• 
6431, Oct. 
6704, Dec. 



•^ 



1806,] 



THE SINKING FUND. 



179 



List of Warrants drawn according to law, during the year 1805, on the Treasurer of the United States, on account 

of the payment of interest on the Louisiana stock. 



Date. 


No. of 
Warrant. 


In whose favor. 


AmounC 


1805. 
January 14 

21 
February 4 
April 10 

a 

September 19 
24 
25 
30 

liC 

October 30 


5503 
5504 
5513 
5548 
5778 
5779 
6213 
6232 
6242 
6251 
6252 
6253 
6491 


Jonathan Burrall, -------- 

George Simpson, -------- 

Do. do. - 
The Manhattan Company, ------- 

George Simpson, -------- 

Jonathan Burrall, -------- 

David Harris, ------.. 

Jonathan Burrall, -------- 

George Simpson, -------- 

David Harris, --..--.. 
Peter Roe Dalton, -------- 

Do. do. - - 

David Harris, -....--, 


$153,111 04 

31,944 43 

22,222 21 

191,111 II 

135 41 

382 77 

29,866 67 

43,333 31 

21,666 66 

43,066 67 

47,422 19 

111,000 00 

274 82 




$695,537 29 



Included in the foregoing list of warrants are the following warrants for commissions to agents who purchased tlie 

bills, at one-fourth of one percent., viz: 
No. 5778, April 10, George Simpson, ------ $135 41 

5779, April 10, Jonathan Burrall, ------ 382 77 

6491, October 30, David Harris, ------ 274 82 



$793 00 



Warrant drawn according to law, during the year 1805, on the Treasurer of the United States, on account of debts 

due to foreign officers. 



No. of 
Warrant. 


Date. 


In whose favor. 


Amount. 


6058 


July 20, 1805, 


George Rossier and John S. Roulet, Attorneys of Colonel 
Vellepanck, ------ 


$7,947 94 



List of Warrants drawn according to lato, during the year 1805, on the Treasurer of the United States, on account 

cf paying certain parts of the domestic debt. 



No. of 
Warrant. 


Date. 


In whose favor. 


Amount. 


5500 

5582 


January 11, 1805, 
February 20, " 


Daniel C. Verplanck, ------ 

Jeremiah Conner, ------- 


$89 24 
24 53 




$113 77 



RECAPITULATION. 



Interest and reimbursement of the domestic debt. 

Interest on domestic loans, . - _ 

Reimbursements of domestic loans. 

Interest and reimbursement of Dutch debt. 

Interest on Louisiana stock. 

Foreign officers, ---... 

Certain parts of domestic debt, 



Treasury Department, Register's Office, 3lst January, 1806. 



- 


$4,583,960 54 


- 


56,170 12 


- 


700,000 00 


- 


1,284,779 41 


- 


695,537 29 


$7,947 94 




113 77 






8 Ofil 71 








$7,328,509 07 



JOSEPH NOURSE, Register. 



180 



FINANCE. 



[1806. 



D. 

Amount of remittances during the year one thousand eight hundred and Jive, on account of the Dutch debt, and 
for the payment of the interest ztpon the Louisiana six per cent, stock. 



Guilders, s. p. 




2,900.550 00 00 


at 37 


310,000 00 00 


at 37 


180.000 00 00 


do 


100,000 00 00 


do 


221,184 10 00 


do 


50,000 00 00 


do 



3,761,734 


10 


00 


Sterling. 




£ 89,637 


10 


00 


21,000 


00 


00 


11,000 


00 


00 


11,000 


00 


00 


132,637 


10 


00 



Fate. 
at 37 cents per guilder, 
do. 

do. with 2 per cent, deduction, 
do. with I5 per cent. do. 
do. witli 1 per cent. do. 
do. with I5 percent. do. 

equal to . . - 



at par, 

at 25 per cent, below par, 
at 3 per cent, below par, 
at 4 per cent, below par. 



Deduct fractions rejected in the purchase, 



Dollars Cts. 
1,073,203 49 
116,250 00 
66,150 00 
36,937 50 
82.114 75 
18,656 25 

$1,393,311 99 



398.388 89 
91,000 00 
47,422 22 
46,933 33 

583.744 44 
15 



Applied to remittances. 

Paid to agents for commissions. 



Warrants issued in the year 1805, on account of the Dutch debt, as per statement. 
Ditto, on account of interest on tlie Louisiana six per cent, stock, as per statement, 



583,744 


29 


1,977,056 
3,260 


28 
42 


$1,980,316 


70 


1,284,779 
695,537 


41 

,29 


$1,980,316 


70 



Profit arising from remittances: 
Guilders. 3,761.734 10 at 40 cents per guilder. 
Sterling' £132,637 10 at par, 



Remittances, cost. 

Gain. - 

Treasury Department, Register's Office, 2\st January. 1806. 



1,504.693 80 

589,500 00 

2.094.193 80 

1,977,056 28 

$117,137 52 



JOSEPH NOURSE, Register. 



E. 

Statement of repayments made into the Treasury during the year 1805, on account of the public debt. 



Date of 

AVarrants. 


No. of 
Warrants. 


On whom drawn. 


Principal 
repaid. 


Damages 
recovered. 


Total amount 
of warrant. 


1805. 
June 29. 

Aug. 17, 

Dec. 31, 


889 
890 
894 

895 
916 


On Alexander James Dallas, for amount recovered 
from the assignees of Pragers & Co. 

On David Harriss, being so much received by him 
on account of Aquiia Brown's bill. 

On John Hopkins, for so much remaining in his 
hands, heretoiore advanced for the payment of in- 
terest, &c. on the domestic debt. 

Ditto, do. do. 

On Alexander James Dallas, for this sum recovered 
from the assignees of Pragers & Co. 


43,200 00 
18,143 00 

279 80 

280 22 


25,131 20 
400 00 


68,331 2 a 
18,143 00 

279 80 

280 22 

400 00 




61,903 02 


25,531 20 


87,434 22 



Treasury Department, Register's Office, January 31, 1806. 



JOSEPH NOURSE. Register. 



Note As, in the sum heretofore stated in the reports to the commissioners of the sinking fund, as the provision made for the 

payment of the pubfic debt, Prager's biU has been estimated at par, the repayments are, in this report, stated as followeth. 

Principal. Interest. 

Foreign debt, ..... Prager's bill, $48,000 00 $20,731 20 

A. Brown's bill, 18,143 00 



Domestic debt, 



66,143 00 
John Hopkins, 560 02 



S66,703 03 20,731 20 87,434 22 



1806.] 



T HE SINKING FUND. 



181 



.in estimate of the application made, during the year 1805, of the funds provided for the payment of the principal 

and interest of the public debt. 



I. On account of the principal. 
I. Reimbursement ot tlie six per cent, and tlefcneil stock, estimateil at 
'2. Reimbursement of domestic loans, ------- 

3. Reimbursement of debts due to foreign officers, including arrearages of inte- 
rest, - - - - - - - - $7,947 94 

Reimbursement of unfunded registered debt, - - IKi 77 



4. Reimbursement of tlie foreign debt, vi/.: 



Third instalment of loan of 3,000,000 of 1st January, 1795;, 
First instalment of loan of 3,000,000 of 1st .January, 1794, 
Filth instalment of loan of •2.000,000 of 1st Februaiv. 1784, - 
Last instalment of loan of 0,500.000 of 1st March, 1791, 
Third instalment of loan of '3.950.000 of 1st June, 1792, 
Last instalment of loan of 0,000,000 of 1st September, 1791, - 
Fourth and Fifth instalment of loan of 2,050.000 of 1st December, 
1791, (Antwerp) ------- 



II. On account of interest and charges. 

1. Interest on domestic funded debt, estimated, for 1805, at - 

2. Interest on domestic loans, ----- 

3. Interest on foreign debt, viz: 



Guilders, at 40 cts. 

(;oo,ooo 

000,000 
250,000 
500,000 
000,000 
- 1.200,000 



820,000 
4,570,000= 



At Amsterdam, 
Premiums at do. 
At Antwerp, 

Charges at Amsterdam, 
Charges at Antwerp, 



Guilders, at forty cents each. 
387,000 
20,000 
30,900 

443,900 

4,209 4 8 



4,300 



8,509 4 8 



452,409 4 8= $180,963 69 
Interest and charges on Louisiana stock, in London and Amsterdam. 678,375 00 
Commissions to agents in America for purchasing bills, - ■ 3.260 42 



1,309,229 90 
700,000 00 



8,061 71 



1,828,000 00 



3,224,083 95 
56.170 12 



862,599 11 



3,905,391 61 



4,142,853 18 



$8,048,144 79 



G. 

An estimate of the funds provided, before the 1st January, 1806. for the payment of the principal and interest of 
the public debt: which, being xine.rpended on that day, were considered as appliccdde to payments falling due 
after the year 1805. 

1. On account of the foreign debt. 
Cash in the hands of commissioners and agents in Europe, December 31, 1804, per preceding 

statement B, - - 

Remittances to .\msterdam, outstanding on 31st December, 1804, as per do. 

The remittances made during the year 1805, as per preceding statement D, as follows, viz: 
Remittances to Amsterdam and Antwerp, guilders, 3,761,734 10, at 40 cents. 
Ditto to London, . . - . £i32,637 10, at 4*. 6(/. 



$977,680 41 
1,241,051 28 

1,504,693 80 
589,500 00 



Total to be accounted for. 
The amount applied during the year 1805, per preceding estimate F, has been, for 

principal, - - - - " - - - $1,828,000 00 

Interest and charges, ------ 859,338 69 



- $4,312,925 49 



2.687,338 69 



The balance in the hands of commissioners and agents in Europe, or in remittances outstanding, 



may. therefore, be estimated, on 31st December, 1805, at 
The amount of protested bills outstanding on the same day was as follows, viz: 

r -\. Brown's bill, - G. 60,000 $21,000 

Purchased before and in 1805, < Brown & Hackman's do. 60.000 24,000 

C Beal Owings' do. 20,000 8,000 



- $1,625,586 80 



■ In suit. 



Of which there was received, in 1805, in part. 
Remains outstanding. 



56,000 
18,143 



37,857 00 



2. From which deduct, on account of domestic funded debt. 
For unclaimed dividends demandable at the treasuiy, and not yet advanced totiie bank for pay- 
ment to the ''reditors, estimated at . . . . . 



1.663,443 80 
15,669 88 



1,647,773 92 



-lA 



tt 



182 "■ FINANCE. [1806, 

RECAPITULATION. 

The provision applicable to 1806, per the foregoing, - - - . . $1,647,773 92 

Amount applied during the j^ear 1805, per estimate F, - - - - - 8,048,144 79 

Repayments in the treasury in 1805, per statement E, for principal, - $61,903 02 



jjaj lllCllt.-l HI L1H_ tll-tlOMlJ 111 l.^_■^/^^, ^v, 1 C) Itl Ll^IIII^Il L JJ, I \J I J^l I IH^I JJai , 

To whicli add for the difference between the actual amount of principal recovered 
on Prager's protested bill, and the amount of that principal as stated in former 
reports, per note to the said statement E, - - - - 4,800 00 



66,703 02 



$9,762,621 73 



Tiie balance remaining unexpended 31st December. 1804, per preceding statement B, was $2,316,975 14 

Disbursements from the treasury during the year 1805, per preceding statement C, - - 7,328,509 07 

Profit in exchange in the year 1805, per preceding statement D, - - - - 117,137 52 

$9,762,621 73 



1806.] 



THE SINKING FUND. 



188 



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234 FINANCE. [1806. 



I. 

Statement of Moneys arising from Interest on Stock transferred to the United States, being the amount drawn by 
the Agent to the Trustees for the redemption of the Public Debt, pursuant to the Act of the 8th May, 1792, 
agreeably to statements made at the Treasury. 

June 18. 1805, warrant No. 5,907, per statement No. 16,670, dated July 19th, 1805, - - - $333,573 21 

" 25, do. do. 5,916, per said statement, ------- 125,584 61 

September 30, 1805, do. 6,256, per statement No. 17.750, dated January 23d, 1806, - - 125,912 03 

December 28. do. do. 6.805, per said statement, ------- 126,667 56 

$711,737 41 



Treasury Department, Register's Office, January 31s/, 1806. 

JOSEPH NOURSE, Register. 

K. 

Statement of Moneys druitn by the Agent to the Trustees for the redemption of the Public Debt in the year 1805, 
being on account of moneys received into the Treasury from the Sales of Public Lands, pursuant to the Act qf 
the 5d March, 1795, agreeably to statements made at the Treasury. 

May, 22d, 1805, warrant No. 5,658, per statement No. 16,392, dated 19th May, 1805, - - $181,265 81 

December 23d, 1805, warrant No. 6,782, per statement No. 17,570, dated 23d January, 1806, - 372,255 82 

$553,521 63 



Treasury Department, Register's Office, 3lst January, 1806. 

JOSEPH NOURSE, Register. 



9th Congress.] No. 245. [1st Session. 



FISHING BOUNTY. 

communicated to the house of representatives, FEBRUARY 17, 1806. 

Mr. Crowninshield, from the Commitee of Commerce and Manufactures, to wlioin was referred the petition of 
John Earle, jun. and Thomas M. Hazard, of Newport, in tlie State of Rhode Island, made the following report: 

The petitioners, in the month of May, 1805, fitted out the sloop Abigail, of the burtiien of thirty tons, for a fish- 
ing voyage to the straits of Belle Isle, ami, as tliey state, through ignorance of the law in this particular, the vessel 
saUed under a coasting licence, and not under a fishing licence, as is provided for by the several acts of Congress, 
relative to the coasting trade and fisheries. 

The vessel was seized by the collector of Newport, on her return to Rliode Island, but was released by tlie order 
of the Secretary ot the Treasury. The collector refuses to pay the bounty allowed to fishing vessels, alleging tiiat the 
owners neglected to provide their vessel with the usual document to entitle them to the benefit of the law. 

The Committee are satisfied that the collector has performed his duty in the particular alluded to. The bounty 
cannot be paid to vessels sailing with coasting paperSj any more than it could be to vessels clearing out for foreign voya- 
ges. When the regulations ot law are calculated tor tlie security of the revenue, and are not found to operate inju- 
riously to individuals in general, there would seem to be no necessity for an alteration to meet every deviation from 
the ordinary practice. If the petitioners had stated to the collector, at the time of clearing out their vessel, that they 
intended to employ her upon a fishing voyage, he could not liave refused to grant the fisliing licence; and, as they 
omitted to do tliis, it would appear that the relief prayed for from Congress ought not to be granted. 

The Committee, therefore, recommend that the petitioners have leave to withdraw their petition. 



9th Congress.] No. 246. [1st Session. 



REMISSION OF DUTIES. 

C0MMUNIC.\TED TO THE HOUSE OF REPRESENTATIVES, FEBRUARY 26, 1806. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, having considered the petition of 
Tristram Hussey, of the Island of Nantucket, in the State of Masachussetts, made the following report: 

The petitioner, with Edward Cary, jun. and others, merchants, of Nantucket, were, and still are, the 
owners of the ship Union. This vessel has been, for some time past, emjiloyed in the whaling business, with an American 
master and crew, regularly documented as a vessel of the United States. In the year 1801, on the passage to the 
Brazils, and before tliey arrived at the Cape de Verd Islands, they obtained eight casks of spermaceti oil, and sent 
the same to New York, in an American vessel. The collector charged seventy -two dollars and fifteen cents duty 
on the oil, notwithstanding it was the produce of American fisheries. Upon a second voyage in the same ship, in 
tlie following year, they procured twenty -seven casks of oil, from whales taken on the passage, prior to passing the 



1806.] PROTECTING DUTIES. 185 

Cape de Verd Islands, and shipped the same also, in an American bottom, to New York, wiiere the collector again 
demanded a duty on its importation, and they were obliged to pay a further sum of three humhed and twenty -three 
dollars and twejity-live cents for the duties. In both instances, the oil was not landed at any foreign port. It was 
actually taken from the ship Union, and put on board American vessels; and tiie proof exhibited to the Committee 
is incontestible that it was the produce of tlie American whale fishery. The collector ol' New York might, with 
equal propriety, have charged a duty on the whole cargo of oil, imported in the Union, had she entered at ithat port, 
as in tlie two cases under consideration. It appears tliat American oil cannot be subject to any duty whatever. 
There is no law known to the Committtee that seems to authorize a similar charge. No duty can be collected on 
articles of the growth, produce, or manutacture, of the United States; and, wherever.any American articles have been 
returned from foreign countries, the duty is belie\ ed to have been invariably remitted, or, rather, none has ever been 
demanded. Cod hsh, taken by American fisliermeii, in American vessels, are not ciiargeable witli duty, wliether 
imported in the vessel in which they were cauglit, or on any other American bottom; surely, then, oil. of the 
American fisheries, must be entitled to a similar exemption from duty. The Committee are of opinion that Congress 
ought to relieve the petitioners from the payment of the duty charged to tliem, witi(!)ut the authority of law to war- 
rant it; and they beg leave to submit the following resolution: 

Resolved, That the prayer of the petitioner is reasonable, and ought to be granted. 



9th Congress.] ]\o. 247. [1st Session . 



PROTECTING DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 4, 1806. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, to whom was referred the petition of llie 
Dutchess County Slate Company, in the State of New York, made the following report: 

The petitioners represent that, for four years past, thev have been engaged in working and mamifacturing slate' 
in the county of Dutchess, in the State of New York, and are proprietors of quarries containing an inexaustible 
quantity, and of a quality superior to any heretofore discovered in this country. They have already advanced up- 
wards of one hundred and twenty thousand dollars, as a capital stock, for carrying on the business, and employ a 
great number of workmen and laborers. The petitioners state that slate is now getting into general use, in most 
parts of the United States, and they seem to be of opinion that the interests of our citizens, and tlie credit of our 
country, require that we siiould no longer be under the necessity of importing it from Europe. With a view, there- 
fore, of checking the importation of fi)reign slate, and as an encouragement to our own, they solicit that additional 
duties may be imposed on all slate imported from Europe. They recommend that a specific duty should be imposed, 
in preference to an ad valorem duty, on account of the exceedingly low price at which the slate is procured from the 
quarries in AVales. 

The committee find that the House decided on a similar application from the New York and Dutchess County 
Slate Company, at the last session of Congress. The report was unlavorable to the petitioners, and the House con- 
firmed' the decision of the committee, and refused to impose any additional duty upon imported slate. It does not 
appear that any new arguments have been urged, in the present petition, to induce the committee to change theii- 
former opinion on this subject. The petitioners confess that the price of foreign slate is now reduced as low as that 
of American, but they complain that the importation of the former is contiimed. And can the petitioners reason- 
ably expect that such extravagant higii duties should be imposed on the importation of foreign slate as will amount 
to a prohibition of the article.^ The committee hope the petitioners have formed no such expectations. In the 
United States, no monopolies exist, and none ought ever to be permitted to exist. If a duty, amounting to a prohibi- 
tion, is laid on the foreign slate, the American slate will be enhanced in price, just so much as tlie difti?rence maybe 
between the old and the new duty; indeed, it is fair to presume, the price would go beyond that difterence; having 
the whole market to themselves, it might be in tiie power of the manufacturers of slate, in this country, to augment 
the cost of that article to the purchaser beyond all reasonable bounds. 

Imported slate is now charged with a duty of seventeen and a half per cent, ad volorem. In the opinion of tlie 
comnnttee, no sufficient reason exists to reconnnend any addition to this duty. The interests of other persons than 
those who would be immediately benefitted by the augmentation of the price, are to be consulted in deciding on the 
merits of tiiis question. The purchaser or consumer must ultimately pay the whole duty; lie ought not to be pre- 
vented fiom buying foreign slate, if he prefers it to that of his own country. If tiie duty is raiseil considerably, the 
American manutiicturer would have the entire command of the market, and would charge his own prices; competi- 
tion would cease; the seller would be enriched, at the expense of the buyer, and, having secured a monopoly to one 
class of manufacturers, others might expect similar favors. vSuch a policy cannot be approved in this country. How- 
ever, notwithstanding the expression of these opinions, if the existing duty was not deemed to be sufficiently high to 
afford an advantage to the American slate, (the charges on the importation of foreign slate being at the same lime 
considered as addnig greatly to the price) the committee would probably have been induced to propose some addi- 
tion, though not to the extent prayed for by the petitioners. 

If Congress intended to raise the duties generally, on articles imported from foreign countries, either with a view 
to new revenue, or as a further encouragement to domestic manufactures, the committee have no leason to suppose 
that slate would be omitted. As the committee are convinced that the manufacturers of slate are sufficiently pro- 
tected already, and being perfectly satisfied that the increased or prohibitory duty on foreign slate would only en- 
hance the price of the article, to their exclusive benefit, but to the manifest injury of the consumer, the following 
resolution is respectfuHv submitted: 

Resolved, That the Dutchess County Slate Company of New York be permitted to withdraw their petition. 



]86 FINANCE. [1806. 

9th Congress.] No. 248. [1st Session. 



REMISSION OF DUTIES. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 11, 1806. 

Mr. John Cotton Smith, from the Committee of Claims, to whom was referred the petition of Peter A. Guestier, 
agent of the former owners of the French ship Blaireau and her cargo, made the following report: 
It is stated by the petitiimer, that the Frencli ship called the Blaireau, owned by a mercantile house in Bor- 
deaux, set sail from St. Pierres. in the island of Martinique, some time in March, 1803, bound on a voyage to Bor- 
deaux, iiaving on board a valuable cargo, consisting principally of coftee and sugar, and consigned to different per- 
sons at tlie port last mentioned. Tiiat about the 30th March, hi the same year, while the ship was in the prosecution 
of her voyage, she was met in the night, and run foul of, by a large Snanish ship of war, called the St. Julien; inconse- 
quence of which accident, so mudi injury was sustained by the Blaireau, that the captain and crew, after due con- 
sultation, abandoned her, and took refuge on board the Spanish ship, which continued her vintage to Spain, where 
they were all landed. That, on the day following the disaster, an English ship, called the Finn, connnanded by 
William Mason, bound on a voyage from London to ]5altimore. met with the Blaireau, thus abandoned by her cap- 
tain and crev,-, and, after examining her situation, and (lercelving there was a possibility that the injury might be so 
far repaired as to enable her to be brought into port, the captain |nit on board a part of his crew; who, on making the 
requisite repairs, with great labor, and at the imminent risk of then- lives, succeeded in conducting her in safety 
^o Baltimore, where she arrived the beginning of May following. That, shortly after the arrival of the Blaireau, a 
libel was tiled in the district court of Maryland, by Captain Mason and crew, for salvage; that, by a decree of the 
court, salvage was allowed, and for that purpose a sale of the ship and cargo was ordered; and finally, that the mar- 
shal under whose direction the sale took place, was compelled, by the collector of the port of Baltimore, to pay, out 
of the proceds thereof, the sum of Sl'2,112 58, being the amount of duties alleged to be due to the United States. 
To obtaiii the restitution of this sum, under the idea that the duties could not lawfully be collected, is the object of 
the present application. ■ r • ■ ■ 

Tlie petitioner founds his title to relief upon an opinion pronounced by tlie district juilge ot Maryland, when de- 
ciding the following case. That part of the Blaireau's cargo, which Captain Mason placed on board the Firm, he 
omitted to report to the collector of Baltimore. The district attorney, apprehending this omission to be a violaticm 
of the collection law, instituted a suit against the captain, for the penalty of $1,000, imposed by the statute. On trial 
of the cause it appears a verdict was taken for the ])laintitfs, subject to the opinion of the court upon a point saved by 
the counsel.' Judgment was rendered in the following terms: " Mature consideration Iiaving been given to this 
case it is the opinion of the court that the goods, waies, and merchandises, aforesaid, arc not chargeable u'ith the pay- 
merit of any duties to the United States, and therefore, that the above action cannot be sustained. Judgment for 
the defendant on the point saved." . . i . , , .i ,u , ■ , 

It may be safely athrmed, that the opinion ol the learned judge was somewhat broader tiian the case submitted 
to his consideration. There might be, and there doubtless were, sufficient reasons to excuse the defendant from the 
penalty ot"lhe statute, independently of the question, whether the cargo was chargeable with the payment of duties. 
The decision, so far as it regards this point, must be deemed extrajudicial, and it remains only to inquire whether, 
from a sound construction oT the statute, duties were chargeable in the present case. The words of the act relative 
to this subject are, " that, upon all goods, wares, and merchandise, which shall be brought into the United States, 
from any foreign port or place, there shall be levied,'" &c. It is difficult to conceive of language more explicit, more 
unequivocal. The word '■'imported"' is not here used, and apparently for the purpose of avoiding any expression 
to which technical narrowness might be applied. The word '^ place'" is introduced, manifestly with the same view; 
and the plain sense of the passage is, duties shall be paid on goods, ^-c. brought into the United States, from any 
point without their limits or jurisdiction. A phraseology so simple, so perfectly fiee from ambiguity, might fairly 
be presumed to set criticism itself at defiance. The United States have unquestionably a legal mht to the duties 
in tnis case- and who will say their claim is not equitable, also, when it is considered that, by the sale of tlie cargo, 
the amount'of the duties has'been identified with the price? 

It is perhaps worthy of consideration, whether the collection laiv may not require some farther provisions appli- 
cable to this subject. But such an inquiry is not within the province of your committee, nor is it at all 'necessary, 
in determining the question submitted to their examination. The cargo, in this case, could not have been disposed 
of without the^intervention of the district court, nor could the sale have been effected but through the instrumenta- 
lity of the officers of the Government; under these circumstances, their negligence would have been highly culpable 
if the duties had not been retained. 

Your committee are of opinion the prayer of the petition ought not to be granted. 



9th Congress.] No. 249. [1st Session . 

PAYMENTS MADE TO AMERICAN CITIZENS UNDER THE CONVENTION 

WITH FRANCE, OF THE 30th APRIL, 1803. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 22, AND APRIL 3, 1806. 

Treasury Department, March 20th, 1806. 

In obedience to the resolution of the House of Representatives of the 13th instant, I have the honor to transmit 
a list of all the bills drawn by the minister of the United States at Paris, on the treasury ot the United States, for 
claims embraced bv the convention with the f rench republic, of April 30th, 1803, which have been presented at the 
treasury, previous'to the 14th day of March, 1806, and amounting to 13,450,608 trancs and 7 centimes. 

In addition to that list, it appears by a list forwarded by Mr. Armstrong, on the 3d of July, 1805, that bills to 
the amount of 633,186 francs and 19 centimes, had been drawn by him, on, or before that day, which have not yet 
been presented at the treasury. ,-,-,, • ,- , ■ 

Letters of advice have also been received at the treasury, tor bills, amounting to 117,432 Irancsand 25 centimes, 
drawn subsequent to the 3d of July. 1805, which bills have not yet been presented at the treasury. 

So far as can be judged by the numbers annexed to the bills, it would seem that one hundred and twenty-nine 
bills drawn between the 5th day of August and 25th day ofNovember, 1805, have not yet been presented for pay- 
ment; but, for what sums, or in whose names drawn, is not known. 

In every other case, the names of the persons in whose favor bills have been drawn, prior to the 25th day of 
November 1805, appear in the enclosed lists; but there are not many in which the nature of the claims can be dis- 
tin-'uislied on the face of the bills, and the collateral information received by this Department, on that subject, could 
only assist in making a partial and conjectural estimate, and not an official statement. 

A list of forty-four Bordeaux embargo cases, for which Mr. Armstrong has advised that no bills will be drawn, 
and amountiii"' to 702,998 francs and 97 centimes, having already been transmitted, on the 28th ultimo, to the Com- 
mittee of Ways and Means, has not been included in the annexed lists. 

I have the honor to be, very respectlully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Honorable the Speaker of the House of Representatives. 



1806.] 



PAYMENTS UNDER FRENCH CONVENTION. 



187 



List of Bills drawn by the Mi /lister Plenipotentiary of the United States at Paris, on the Treasury of the United 
States, for claims embraced by the Convention ivith the French republic, of Jipril 30, 1803, which have been pre- 
sented at the Treasury previous to the lith day of March, 1806. 









AMOUNT. 


DATE OF BILLS. 


NO. OF 
BILLS. 


l.V WHOSE FAVOR DRAW.V. 














Francs. Centini. 


May 3, 1805. 


1 


Petor Williiun Tiivin^stoii. ..... 


76.808 40 


t. " !•' 


2 


Do. 






30,000 


44 <■' " 


3 


Jolin Townsend, 






85.101 95 


44 'i "^ 


4 


Do. transieri-ce of ileiiry Sadler, 






7,136 43 


44 " "• 


5 


Do. do. . 






7.136 43 


44 44 4i 


6 


Do. do. . 






2,970 


44 44 ^^ 


7 


Do. do. . 






35,682 25 


44 »4 U 


8 


Do. do. . 






660.718 29 


■ 44 4 " 


!) 


John Townsend, 






9,726 88 


3, " 


10 


Peter Torris. 






25.000 f 


>4 " '• 


11 


Do. .... 






24,000 


44 44 U 


12 


Do. ... . 






12,000 


44 4< " 


13 


Do. ... . 






17,000 


4. 44 .4 


14 


Do. .... 






50,000 


Au2ust 3 


15 


Do. .... 






56,000 


4." 4' " 


15 


Do; ... . 






42,112 


44 44 U 


15 


Do. . . . 






25,888 


44 '4 " 


15 


Do. ... . 






18,000 


May 6, 


16 


Do. . . . 






10,000 


4, '• 


18 


Do. ... . 






21,000 


23, " 


19 


Do. ... . 






192,000 


44 ' 44 


21 


Henry Jackson, 






8,000 


14 it '• 


22 


Do. . 






8,000 


» 6, " 


23 


John Sinclair, 






5,074 20 


44 U •' 


24 


Do. . . . 






10,000 


44 " '• 


25 


Do. ... . 






35,000 


44 41 44 


26 


Do. . ... 






Itj, 383 76 


<4 " " 


27 


George Lynham. 






45,000 


44 44 44 


28 


Do. . . 






42,000 


44 44 .4 


29 


Do. . 






6,037 18 


" 23. " 


30 


Paul Bentalou. 






170,378 58 


44 '4 'k 


31 


Henry Jackson, 






8,000 


44 44 4. 


33 


Do. .... 






6,918 93 


fee 44 •• 


37 


Francois Robert-, 






7,191 02 


4< 44 44 


38 


Do. . 






2,000 


44 '4 44 


39 


Do. . 






9,000 


44 4. 44 


40 


Do. . 






9,000 


44 44 44 


41 


Do. .... 






9,008 73 


44 " " 


42 


John Greenleaf, 






2,200 


44 " 44 


43 


Do. ... . 






2,200 


44 '4 <4 


44 


Do. .... 






2,300 


44 44 44 


45 


Do. .... 






2,565 89 


44 44 44 


46 


V idal & Co. 






18,900 


44 44 '4 


47 


Do. ... . 






18,910 


44 44 44 


48 


Do. . . 






18,900 


44 u a 


49 


Do. . . . . 






19,293 91 


" 29, " 


50 


Bajruenault, & Co. .... 






8,600 


44 44 44 


51 


Do. . 






8,700 


" 


52 


Do. .... . 






8,800 


4. 44 44 


53 


Do. . 






8,336 70 


.4 .4 44 


54 


Le Ray de Chaumont. 






27,000 


44 4. " 


55 


Do. 






27,000 


44 44 4. 


56 


Do. .... 






27,000 


44 44 '4 


57 


Do. .... 






27,054 73 


44 44 " 


58 


Stephen Dutilh. .... 






3,951 69 


44 4. 44 


59 


John Blagge, .... 






66,000 


44 4. " 


60 


Do. .... 






64,000 


44 44 44 


61 


Do. ..... 






130,000 


4 4 44 <4 


62 


Do. ..... 






130,000 


44 <4 44 


63 


Do. .... 






133,480 43 


<4 44 44 


64 


Smith and Ridgway, .... 






31.730 04 


44 44 44 


65 


Do. . 






20,000 


44 4. i' 


66 


Do. . . - . ■ . 






51,000 


4 4 44 44 


67 


Do. . 






51,000 


44 44 44 


68 


Do. . 






51,000 


44 44 44 


73 


Fen wick Mason & Co. 






25,000 


44 44 44 


74 


Do. . 






25.000 


44 44 44 


75 


Do. . 






24, 000 


(. 44 ii 


76 


Do. . 






25.987 11 


44 44 44 


77 


Murray and Mumford. 






4,000 


44 44 44 


78 


Do. . 






4,000 


<l 4. 44 


79 


Do. .... . 






5,431 75 


44 44 


80 


Do. . . . 






4.000 


44 44 44 


81 


Holmes and Chequier, 






19,000 


44 44 44 


82 


Do. . 






19,000 


44 44 44 


83 


Do. . 






19,000 


44 44 '4 


84 


Do. . 






19,453 81 


44 44 4< 


85 


Barthelemy Cabarrus, 






4,000 


4( 44 44 


86 


Do. .... 






4,517 29 



188 



FINANCE. 



[1806. 



List — Continued. 



DATE OF BILLS. 



May 29, 1805, 



30, 



June 4, 






NO. OF 
BILLS. 



87 
88 
89 
90 
91 
92 
93 
94 
95 
96 
97 
98 
99 
100 
101 
102 
103 
104 
105 
106 
109 
110 
111 
112 
113 
114 
115 
116 
117 
118 
119 
120 
121 
122 
123 
124 
126 
127 
128 
129 
130 
131 
132 
133 
134 
135 
137 
138 
139 
140 
141 
142 
143 
144 
145 
146 
147 
148 
149 
150 
151 
152 
153 
154 
155 
156 
157 
159 
160 
161 
162 
163 
164 
165 
166 
167 
168 
169 
170 
171 
172 



IN WHOSE FAVOR DRAWN. 



James C. Mountflorence, transferree of Daniel Hedges. 

Do. . 
Felix Helies, transferree of Charles Rieault, 
Do. do. 

Do. do. 

Do. do. 

James C. Mountflorence, transferree of Anthony Butler, 

Do. 
Peter Gilman, 
Do. 

Do. . . . 

Do. . . 

Peter Gilman, 

Joseph White and Robert Stone, 
Do. do. 

Do. do. . 

Christian Mayer, representing Valck and Co. 
Do. do. 

Do. do. 

Do. do. 

Joseph White and Robert Stone, 
Joseph White and William Kimball, 
Bruneau, 

Louis Honore Guerlain, 

Do. 

Do. 

Do. 

Lorin, 

Do. 

Do. ... 

Do. ... 

Joshua Orne, representing Wm. R. Lee, Jos. Wilson, and Jos. Sewall 
Do. do. 

Do. do. 

Do. do. 

Do. do. 

James Swan, 
Do. 
Do. 
Do. 
David Tilden. 
Do. 
Do. 
Do. 
Joshua Orne, representing Samuel Smith, 



do, 
do 
do 
do 



Do. do. 

Do. do. 

Moses Myers, 

Do. do 

Do. do. 

Do. do. 

John Marrast, 

Do. 

Do. 

Do. 
Jacob Shoemaker, 

Do. 

Do. 

Do. 
Paul R. Randal. 

Do. 

Do, 

Do 
Ann Burrows and Jos 



do. 
do. 

do. 
do. 
do. 



Vansise, administrators of the 



do. 



ianiMcCreery, 



Do. do. 

Dennis Lamy, 

Do. 

Do. 

Do. transferree of W 
W'illiam Duncan, 

Do. 

Do. 

Do. . 

John Endicott, 

Nicholas Broughton, William R. Lee, and 
John Plankinhorn, 

Do. 

Do. 

Do. 
Samuel Derby, 

Do. . . . 

John Johnson, 



do 



William 



do 
do, 
do 
do 



late John Burrows 



Lee, 



AMOUNT. 



Francs. Centim. 



28 



68 



40 



50 
52 



47 



4,589 

4,000 

4,000 

3.467 

3,000 

3,000 

1,351 

1,304 
12,500 
12,600 
25,000 
25,000 
25,218 78 

5,000 

5,000 

4,615 95 

7,500 

7,500 

7,500 

7,673 42 

5,000 

2,725 

2,203 
24,000 
24,000 
24,000 
24,541 
44,000 
44.000 
44,000 
43,972 50 
30,000 
30,000 
32,749 38 
16,769 50 
16,769 50 
13,391 73 
12,000 
11,000 
11,000 
27,000 
28,000 
26,000 
26,159 53 
12,000 
12,000 
13,766 40 
51,000 
54,000 
54,000 
57,818 
14,000 
15,000 
15,000 
14,367 
16,000 
16,000 
16,000 
17,988 
13,000 
12,000 
14,000 
12,004 68 
10,000 

4,271 



54 



19 



07 



71 



7,000 

7,000 

7,085 

2,830 

9,341 

9,000 

9,000 

9,000 

6,929 
10,912 58 
10,630 03 
10,000 
12,000 
11,000 

5,388 

12,000 

878 



10 
58 
01 



10 



89 



59 



1806.] 



PAYMENTS UNDER FRENCH CONVENTION. 



189 



LIST — Continued. 



DATE OY BILLS. 



June 4, 1805, 









4, 



13, 



NO OP 
BILLS. 



174 

175 
176 
177 
178 
179 
180 
181 
182 
183 
184 
185 
186 
187 
189 
190 
191 
192 
193 
194 
195 
196 
197 
198 
199 
200 
201 
202 
203 
204 
205 
206 
208 
209 
210 
211 
212 
213 
214 
215 

216 
217 

218 
219 



220 
221 
222 
223 
224 
225 
226 
227 
228 
229 
230 
231 

232 
233 
234 
235 
236 
237 
238 
239 
240 
241 
242 
243 
244 
245 
246 
247 
248 
249 
250 

251 
251 



IBT WHOSE KATOK DIIAWN. 



James Gambler, 
Robert Mickle, 

Do. ... . 

Mary Motley, administratrix of Alexander Motley, 
Fenwick Macon &, Co. 
Anthony Laussat, 
Stephen Girard, 

Do. . . 

Do. .... 

Michael O'Mealy, transferree of John Holmes, 

Do. do. do. 

Do. do. do. 

Do. do. do. 

Samuel Watt, 
Thomas Ogier, transferree of Thomas Wallace, 

Do. do. do. 

Do. do. do. 

Do. do. do. 

Richard H. Wilcocks, executor of John Wilcocks, 

Do. do. do. 

Do. do. do. 

Do. do. do. 

Samuel Aborn and James Rhodes, 
Watson and Paul, 
Samuel Toplift'and Ebenezer Gay, 
Pratt and Kintzing, 
John Dunlap and Thomas Irving, 

Do. do. 

Do. do. 

Do. do. 

Do. do. 

Tunno and Cox, and Miller and Robertson, 
Jacob Siioemaker, 

Do. ... . 

Do. . . . 

Do. transferree of Andrew Summers, jun. 

Do. do. 

Do. do. 

Do. do. . 

Henry Pratt, for himself, and as administrator of Fred. W 
Wm. Decker & Co., Harper & Snowden, and James King 

Do. do. 

Do. do. 

Do. do. . . 

James Ash, for himself, and as administrator of James Craig, Robeson 
and Paul. Ann Carhart, administratrix of \Mlliam Carhart, and Jos 
Higbee, transferree of P. Hunt, 

Do. do. 

Do. do. 

Do. do. 

William Glover, and John Tittermary and Sons, 



Sterman 



Do 
Do. 
Do. 

James Robinson 
Do. 
Do. 

James Robinson 



do. 
do. 
do. 



administrator of Timothy Gay, 
do. do. 

do. do. 

administrator of Timothy Gay, . 
Daniel Jackson, Charles Jackson, William Sturtivant. and Lucy Mar- 
cv, administratrix of Stephen Marcy, . 
"Do. 
Ebenezer Parsons, . . . . 

William Patterson,. 

Do. .... 

Stephen Higginson and William Parsons, . 
Do. Do. . 

Do. Do. 

Do. Do. 

Do. Do. 

Do. Do. 

Do. Do. 

Do. Do. 

Abner sVood, . . . . 

Do. .... 

Deborah Stewart, executrix of General Walter Stewart, 
Do. Do. 

Do. Do. 

Do. Do. . 

Ephraim Kendall and Jonathan IngersoU, administrator of Philip Ham 

mond,jun. .... 

Benjamin Wilson. .... 

Will am Retts, .... 

25 ft 



AMOnST. 



Francs. Centim. 



14,394 20 

6,495 93 
13,000 

2,762 64 

5,925 

1,869 25 

9,915 74 
11,706 28 
10,276 48 
11,578 20 
10,000 
10,000 
10,000 

8.558 67 

6,225 33 

5,000 

5,000 

5,000 

5,202 93 

5,000 

5,000 

5,000 

6,136 33 
11,636 95 

8,695 54 
11,377 98 
19,000 
19,000 
19,000 
15,830 74 

5,400 

6,423 
18,714 55 
20,000 
20,361 27 
14,269 30 
14,000 
13,000 
13,000 



41,000 




41,000 




41,000 
43,870 


45 


35,000 




35,000 
35,000 




37,377 
7,909 


80 
04 


7,000 




8,000 
8,100 




7,000 




7,000 
8,000 
8,504 


08 


4,958 


19 


13,000 
12,109 


92 


5,823 


64 


6,075 
2.3,000 
22,000 


15 

00 


22,000 


00 


22,914 


35 


12,000 




12,000 




12,000 




12,117 

5,380 


73 
20 


12,000 
6,736 
5,000 
5,000 


77 


5,000 




6,064 87 
8,518 58 
5,609 80 



190 



FINANCE. 



[1806. 



LIST — Continued. 



DATE OF BILLS. 



June 13, 1805. 



n 



it 









8, 



13, 

it 



10, 



n " 



























NO. OF 
BILLS. 



5. 


252 


i 


253 


( 


254 


i 


255 


i 


256 


b 


257 


U 


258 


; 


259 


U 


260 


»i> 


261 


ik 


262 


ii 


263 


ii 


264 


i^ 


265 


ki 


266 


** 


267 


;( 


•268 


ifc 


269 


44 


270 


44 


271 


k4 


272 


•>4 


274 


b4 


275 


44 


276 


44 


277 


44 


278 


^* 


279 


4( 


280 


4h 


281 


44 


282 


4b 


283 


( • 


284 


4b 


285 


44 


286 


4b 


287 


44 


288 


44 


289 


44 


290 


44 


291 


44 


292 


44 


293 


4( 


294 


44 


295 


4» 


296 


bb 


297 


4 4 


298 


b4 


299 


4 4 


300 


b4 


301 


4b 


302 


fcb 


303 


4b 


304 


44 


305 


%4 


306 


%4 


307 


b4 


308 


44 


309 


(4 


310 


44 


311 


44 


312 


4b 


313 


b4 


315 


4b 


316 


44 


317 


b4 


318 


44 


319 


44 


320 


44 


321 


4b 


322 


44 


323 


b4 


324 


4b 


325 


'• 


326 


4b 


327 


b4 


328 


44 


329 


44 


330 


4* 


331 


4 > 


332 


4b 


333 


44 


334 



IN WHOSE FAVOR DRAWN. 



William Betts, 

Do. . . • 

Do. . . 

David Spear, . . • 

William Prestman and Abraham M'Causland, 
Do. Do. 

Do. Do. 

Do. Do. 

Nathaniel West, 

Robert Patton, traiisferree of Joshua Barney, 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

Richard Salter and James Sheafe, 
Do. Do. 

Do. Do. 

Do. Do. 

John Carrere and William Wyse, 
Joshua Orne, representing Joseph Howard, . 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

John Carrere and William Wyse, 
Do. Do. 

Do. Do. 

George Frost Blunt, 
Jonathan Titcomb, 
Do. 
Do. 
Do. 
Henry Hodge, 
Do. 
Do. 
Do. 
John Leaniy, 
Do. 
Do. 
Do. 
John Peters, 
Petit and Bayard, , 
Do. 
Do. 
Do. 
George Dunham, 
Ludwig Dupasquier, . 

William Bell, Joseph Bell, and Joseph Watson. 
Ludwig Dupasquier, 
Do. 

Do. . . . 

Baguenault and Co. transferrees of James Swan, 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

Michael O'Mealy, transferree of James Swan, 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

Perregaux and Co. . 

Do. . . 

Do. . . . 

Do. . . 

Luke Callaghan, transferree of William Thaller, 
Chaubry de la Roche, transferree of Judas Hayes, 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

Michael O'Mealy, transferree of James Swan, 
Do. do. Do. 

Do. do. Do. 

Do. do. Do. 

Edward Staples, for himself, and as administrator ot Thomas Adams, 
Do. Do. 

Do. Do. 

Do. Do. 

J. Audenet & Co. and Wilhem and Jan Willink, 
Do. Do. 

Do. Do. 

Do. Do. 

Michael O'Mealy, transferree of John Holmes, 
Do. do. Do. 

Do. do. Do. 



AMOUNT. 



Francs. Centim. 



08 



6,000 
6,000 
6,000 
9,388 87 
19,917 04 
19,000 
19,000 
20,500 
5,472 59 
13,589 04 
13,000 
12,000 
12,000 
19,908 88 
19,000 
19,000 
19,000 
9,698 
26,000 
26,000 
26,000 
36,368 92 
9,000 
9,000 
9,000 
10,744 60 
21,000 
21,000 
21,000 
20,932 38 
7,000 
8,000 
7,000 
7,174 62 
16,446 30 
15,000 
15,000 
15,000 
2,637 
58,728 
56,000 
55,000 
57,853 
3,338 
19,000 
5,447 
19,000 
19,000 
18,549 98 
8,000 
8,000 
8,000 
9,290 60 
51,000 
51,000 
51,000 
54,774 40 
8,000 
8,000 
8,000 
8,644 29 
7,798 10 
7,000 
7,000 
7,000 
6,714 69 
40,000 
40,000 
40,000 
41,691 
8,000 
9,000 
8,000 
9,633 
75,000 
75,000 
75,000 
65,050 
10,000 
10,000 
10.000 



77 
10 



68 
15 

55 



33 



75 



1806.1 



PAYMENTS UNDER FRENC H^ C ONVENTION. 



191 



LIST — Continued. 







1 






AMOUNT. 


DATE 


OB' BILLS. 


NO. OF 
BILLS. 


IN WHOSE FAVOR DRAWN. 


















Francs. Centiin. 


June 


19, 


1805, 


335 


Michael O'Mealy, transfenee of John Holmes, 


11,295 10 


ii 


(fa 


fa< 


336 


Elias John Rowe, administrator of John liow, and Hannah Davis, ad- 
ministratrix of Estiphalet Davis, 


5,000 


a 


fafa 


fafa 


337 


Do. 


a 




6,000 


a 


(fa 


fafa 


338 


Do. 








5,000 


a 


i( 


fafa 


339 


Do. 








6,028 72 


a 


(( 


fafa 


340 


John Marsden Pintard, 








11,893 80 


a 


27, 


fafa 


341 


Joseph Russel. Jan. 








9,000 


a 


(( 


(fa 


342 


Do. 








9,000 


(( 


c( 


fafa 


343 


Do. 








9,000 


(( 


(( 


(( 


344 


Do. 








8,764 79 


(( 


(( 


fafa 


349 


Patrick Hogan, 








8,745 74 


a 


C( 


fafa 


350 


Wheaton and Tisdale, 








5,846 10 


ii 


Ifa 


fafa 


351 


Do. Do. 








12,000 


(( 


(( 


fafa 


352 


Do. Do. 








5,295 23 


(' 


(( 


fafa 


353 


Do. Do. 








12,000 


a 


b( 


fafa 


352 


Samuel and John Smith, 








12,461 77 


a 


21, 


fafa 


360 


Henry Lawrence Waddell, 








150,000 


a 


(( 


fafa 


361 


Do. 








150,000 


t( 


(( 


fa( 


362 


Do. 








150,000 


a 


(( 


(fa 


363 


Do. 








65,000 


a 


(( 


(( 


364 


Do. 








10,000 


n 


(( 


(fa 


364 


Do. 








10,000 


a 


(( 


(fa 


364 


Do. 








13,000 


11 


« 


(fa 


365 


Do 








20,000 


a 


(( 


fafa 


365 


Do. 








10,000 


it, 


(( 


fafa 


366 


Do. 








10,000 


a 


(( 


fafa 


367 


Do. 








8,000 


a 


(( 


fafa 


368 


Do. 








5,142 95 


n 


(( 


fafa 


375 


Joseph Russel, 








3,062 


it 


(( 


fafa 


376 


Do. 








13,000 


i' 


(fa 


(fa 


377 


Do. 








15,000 


(i 


fafa 


fafa 


378 


Do. 








15,000 


(( 


fafa 


fa( 


379 


Nathaniel Fellows, 








11,000 


(( 


fafa 


fat 


380 


Do. 








12,000 


a 


(fa 


fafa 


381 


Do. 








12,000 


fa* 


(fa 


fafa 


382 


Do. 








11,570 17 


(' 


fa. 


fafa 


383 


Fenwick Mason & Co. . 








7,910 03 


t> 


fa( 


(fa 


384 


Governeur and Kemble, 








22,000 


(( 


fafa 


fafa 


385 


Do. 








22,000 


(« 


fa( 


fafa 


386 


Do. 








22,000 


(( 


fa( 


fafa 


387 


Do. 








21,744 27 


a 


fafa 


fafa 


388 


Joseph White and Andrew Dunlap, 








6,531 48 


ti, 


fafa 


fafa 


389 


Anthony Butler, 








7,726 50 


a 


fa. 


fafa 


394 


Titus Wells, 








3,467 92 


a 


(fa 


fafa 


395 


James Swan, 








5,650 75 


<,i> 


(fa 


fafa 


396 


Do. 








10,000 


a 


fafa 


fafa 


397 


Samuel Hatch, 








9,247 45 


a 


(( 


fafa 


398 


James Swan, tnansferree of John C. Jones, 






18,000 


fafa 


(fa 


fafa 


399 


Do. do. do. 






18,000 


(> 


fafa 


fafa 


400 


Do. do. do. 






18,000 


(fa 


(fa 


fafa 


401 


Do. do. do. 






18,304 80 


fafa 


(fa 


fa. 


403 


Lawrence Vial, 






13,790 89 


fafa 


(. 


.fa 


404 


James Swan, 








43,000 


a 


fa fa 


.fa 


405 


Do. 








108,000 


fafa 


(fa 


fafa 


406 


Do. 








24,722 


ifa 


(( 


fafa 


407 


Do. 








109,000 


(fa 


(( 


(fa 


409 


Joseph Russell, 








16,191 33 


fafa 


27, 


(( 


412 


Joseph Young, Jr. 








8,420 33 


fafa 


(fa 


fafa 


413 


Samuel Lewis, 








7,000 


(fa 


(fa 


fafa 


414 


Do. 








7,000 


fafa 


(fa 


fafa 


415 


Do. 








6,000 


(fa 


(fa 


fafa 


416 


Do. 








6,833 


(fa 


(( 


fafa 


417 


Gross Davillier & Co. . 








5,662 83 


fafa 


fafa 


fafa 


429 


Joseph Fenwick, 








16,422 58 


fafa 


(fa 


fafa 


420 


Do. 








16,000 


(fa 


fafa 


fafa 


421 


Do. 








12,900 52 


fafa 


fat 


(fa 


422 


Do. 








16,000 


(fa 


19, 


(( 


423 


James Swan, 








50,000 


fa. 


fafa 


(fa 


424 


Do. 








45,000 


(fa 


(( 


(fa 


425 


Do. 








30,000 


(fa 


(fa 


fafa 


426 


Do. 








61,000 


fafa 


fafa 


fafa 


427 


Do. 








59,000 


(fa 


(fa 


fafa 


428 


Do. 








51,000 


i( 


fa( 


fafa 


429 


Do. 








57,000 


(fa 


fafa 


fafa 


430 


Do. 








20,241 05 


(fa 


27, 


.fa 


431 


James Barry, 








80,000 


(fa 


(fa 


fafa 


432 


Do. 








70,000 


ifa 


(fa 


fafa 


433 


Do. 








80,000 


Cfa 


(fa 


fafa 


434 


Do. 








50,000 


fafa 


fafa 


fafa 


435 


Do. 








20,000 


fa. 


(fa 


fafa 


436 


Joshua Barney, 








30,000 


fafa 


fafa 


fafa 


437 


Do. 








30,000 



192 








FINANCE. 




LI 806. 










LIST — Continued. 








1 






AMOUNT. 




OF BILLS. 


NO. OF 


IN WHOSE FAVOR DRAWN. 




DATE 










BILLS. 




Francs. Centim. 


June 


27, 1805, 


438 


Josliua Barney, . • 


80,000 


44 


44 


44 


439 


Do. 


• 1 


40,000 


44 


44 


44 


440 


Do. 






80,000 


44 


44 


44 


441 


Do. 






40,000 


44 


44 


44 


442 


Benton and Hall, 






36,000 


44 


44 


44 


443 


Do. 






25,000 


(4 


44 


44 


444 


Do. 






36,000 


44 


44 


44 


445 


Do. .... 




37,331 61 


July 


30, 


44 


44G 


Margaret Dorothy Schutt, widow and executrix of Caspard Christian 
Schutt, ..... 












38,500 


44 


44 


44 


447 


Do. do. do. do. do. 


38,500 


44 


44 


44 


448 


Do. do. do. do. do. 


38,500 


44 


4fc 


44 


449 


Do. do. do. do. do. 


38,864 


44 


44 


h4 


450 


Jacob Shoemaker, transferree of Britton and Massey, and Andrew 
Summers, Jr. ..... 


5,500 


44 


44 


44 


451 


Do. do. do. do. do. 


5,500 


44 


44 


44 


452 


Do. do. do. do. do. 


5,500 


44 


44 


44 


453 


Do. do. do. do. do. 


5,581 10 


44 


44 


44 


454 


Edward Carrol, ..... 


18,623 08 


44 


44 


44 


455 


Do. 






20,000 


44 


it 


44 


456 


Do. 






20,000 


4. 


44 


44 


457 


Do. 






20,000 


44 


44 


44 


458 


Israel Thorndike, 






13,842 


44 


44 


44 


459 


Do. 






14,000 


44 


44 


44 


460 


Do. 






14,000 


44 


44 


44 


461 


Do. 






14,000 


44 


44 


44 


458 


Benjamin and Samuel Lovett, 






10,226 


44 


44 


44 


459 


Do. 






11,000 


44 


44 


44 


460 


Do. 






11,000 


44 


14 


44 


461 


Do. 






11,000 


44 


44 


44 


462 


John Buffington, Joseph Sprauge, and Joseph Sprauge, Jr. 




54,394 02 


44 


44 


44 


463 


Do. do. do. 




55,000 


44 


44 


44 


464 


Do. do. do. 




55,000 


44 


44 


44 


465 


Do. do. do. 




55,000 


August 4. 


it 


466 


Fielder Dorset, captain of the Patuxent Planter, 




4,563 99 


44^ 


44 


44 


467 


William Springer, captain of the ship Hannah, 




3,079 36 


44 


3, 


4c 


468 


Moses Brown, . . . 




5,963 92 


44 


44' 


44 


469 


Amasa Davis, and Stephen Rawson surviving partner of the house of 
Rawson and Davenport, .... 


4,846 18 


44 


(4 


44 


470 


Do. do. do. do. do. 


4,500 


44 


44 


44 


471 


Do. do. do. do. do. 


4,500 


44 


44 


44 


472 


Do. do. do. do. do. 


4,500 


44 


4, 


44 


473 


William Thompson, surviving partner of the house of Thompson &Co. 


18,798 09 


«4 


44 


44 


474 


Do. do. do. do. do. 


19,000 


44 


41 


«4 


475 


Do. do. do. do. do. 


19,000 


14 


44 


44 


476 


Do. do. do. do. do. 


19,000 


<4 


44 


«4 


477 


Thomas Payne, ..... 


6,622 


44 


4( 


44 


478 


Do. 




7,000 


44 


44 


4b 


479 


Do. ... 




7,000 


44 


44 


44 


480 


Do. ... 




7,000 


44 


44 


" 


481 


David Thompson, supercargo of the Oneida, . 




74,777 60 


44 


44 


44 


482 


Do. do. do. 




75,000 


44 


44 


44 


483 


Do. do. do. 




75,000 


44 


44 


44 


484 


Do. do. do. 




75,000 


44 


44 


44 


485 


Thomas Cutts, Jr. captain of the Minerva, 




3,402 69 


44 


44 


t4 


486 


Do. do. do. 




4,000 


44 


44 


44 


487 


Do. do. do. 




4,000 


44 


44 


44 


488 


Do. do. do. 




4,000 


44 


44 


44 


489 


Paul Siemen, 




6,491 07 


44 


<4 


44 


490 


Do. 






5,000 


44 


44 


44 


491 


Do. 






5,000 


44 


44 


44 


492 


Do. 






5,000 


44 


5, 


4. 


493 


Do. 






4,742 


July 


30, 


44 


494 


Siettee la Rousselliere, 






6,612 53 


44' 


44' 


44 


495 


Stephen Girard, 






3,400 40 


44 


44 


44 


496 


Do. 






3,500 


44 


44 


44 


497 


Do. 






3,500 


44 


44 


44 


498 


Do. 






3,500 


14 


44 


44 


499 


Paul Bentalou, transferree of James Monroe, 




3,878 90 


44 


44 


44 


500 


Do do do 




3,700 


44 


44 


(( 


501 


Do do do 




3,700 


44 


44 


44 


502 


Do do do 




3,700 


14 


44 


44 


503 


Jeffrey and Russell, 




4,048 75 


44 


44 


44 


504 


Do 






3,505 63 


44 


44 


44 


505 


Stewart and Plunket, . 






12,752 27 


44 


44 


44 


506 


Do 






13,000 


44 


44 


14 


507 


Do 






13,000 


44 


44 


44 


508 


Do 






13,000 


44 


44 


44 


509 


Edward Hall, 






3,232 29 


44 


44 


44 


510 


Do ' 






4,000 


4. 


4( 


44 


511 


Do 






4,000 


44 


44 


44 


512 


Do 






4,000 


44 


4( 


44 


513 


Denton and Hall, 






4,147 32 


44 


(4 


44 


514 


John Pettingel and Leonard Smith 


) 




4,552 50 



J 806.] 



PAYMENTS UNDER FRENCH CONVENTION. 



193 



LIST — Continued. 



DATE OF BILLS- 



July 30, 1805, 

6h 4( ^i 

!• it H 

August 6, " 



Sept. 



16, 

2, 



Aug. 16, 



Sept. 2, 



3, 



2, 



Aug. 

4b 


16, 

44 


46 


it 


Sept. 


2, 



3, 






<4 



NO. OF 
BILLS. 



515 

516 
517 
518 
519 
520 
521 
522 
523 

524 
525 

526 
527 
529 

530 
531 
533 
534 
535 
536 
537 
538 
539 
548 
549 
550 
551 
552 
553 
554 
555 
556 
557 
558 
559 
560 
561 
562 
563 
564 
565 
566 
567 
569 

570 
571 
572 
573 

574 
575 

576 

577 
578 
579 
580 
581 
582 
583 
584 



IN WHOSE FAVOR DKAWV. 



John Pettingel and Leonard Smith, 

Do do 

Do do . . 

Benjamin Beale, transferree of Zebedee Ferry, 
James Hemphill, late supercargo of the ship Sally, 

Do ... 

Do ... 

Do ... 

John Steinmetx and John Brinton, executors of the estate of the late 
John Steinmetz, 

Do do do 

Do do do 

Do do do 

Alexr. Black, late master of the brig Samuel, of Providence. 
Thomas Arnold and the widow of Patience Arnold, adm'rs of the estate 
of Welcome Arnold and Gibbsand Channing, 

Do do do . 

Do do do . 

Solomon Cook, late master of the schooner Sea Flower, 

Do do 

Do do 

James Swan, 

Do 

Do 

Do 
Otis and Mackay, 

Do 

Do 

Do 
Delessert & Co., transferees of Seaton and Maitland, 

Do do do 

Do do do 

Do do do . 

George Ellis, surviving partner of the house of G. & Ths. Ellis, 

Do do do . 

Do do do 

Do do do 

Clement and Taylor, (for the Phoebe, Smith) . 

Do do 

Do do 

Do do 

Do (for the Nancy, Davidson,) 

Do do 

Do do 

Do do 

James Brian, for account of Isaac 
drew Morris, 

Do do 

Do do 

Do do 



Hendrickson, John Way, and Au 



do 
do 

do 



of th 



John Miller, Jr., Thomas Mifflin, and Hugh Ely, administrators 
estate of Philip Care and Thomas Horton, . 

Do do do 

Do do do 

Do do do 

LeRay de Chaumont, in right of James Barry, (by a judgment) 
Do do do 

Do do do 

James Barry, 

Do .... 

Do . . 

Do 

John Ciaig, Charles Heatly, David Lenox, James Boland, John Holker 
and M. O'Mealy, executors of M. M. O'Brien, or either of them. 



585 


Do 


586 


Do 


577 


Do 


588 


Richard Beard, 


593 


David Stewart and Sons, 


594 


Do 


595 


Do 


596 


Do 


597 


Do 


598 


Do 


599 


Do 


600 


Do 


601 


Nicklin and Griffith, . 


603 


Do. 


604 


Do. 


605 


Do. 


606 


Do. 



AMOUNT. 



Francs. Centim. 



5,000 

5,000 

5,000 

3,280 73 
63.000 
63,000 
63,000 
61,849 33 

9,006 25 
10,000 
10,000 
10,000 

8,126 90 

9,000 

9,000 
10,244 14 

8,000 

8,000 

9,143 47 
14,500 
12,750 
16,250 
14,726 

8,500 

8,500 

8,500 

9,323 21 

8.267 18 
8,500 
8,500 
8,500 
3,000 
3,000 
3,000 
3,321 04 

10,500 
10,500 
10,500 
11,085 80 

3,000 

3,000 

3,000 

2,798 70 

9,273 38 
10,000 
10,000 
10,000 

2.268 97 
3,000 
3,000 
3,000 
7,000 
7,000 
6,903 64 
7,000 
7,000 
7,000 
7,160 34 

30,500 
24,400 79 
30,500 
30,502 23' 

7,939 50 
33,270 
35,000 
35,000 
35,000 

3,712 

3,700 

3,700 

3,700 
18,264 65 
52,303 10 
75,000 
75,000 
75,000 



40 



50 



19^ 



F I N A y C E. 



[1806. 



LIST— Continued. 



DATE OF BILLS. 



«ept. .3. 1S05. 






18. '• 



•• 24. 






October 9. 



NO. OF 
BILLS. 






607 
60S 
609 
610 
611 

612 
613 
614 
615 

616 
619 

6^0 
6-21 
6 -J -J 
6-23 
624 
625 
626 
627 
628 
628 
6-29 
630 
631 
632 
633 

334 
635 
636 
637 
639 
640 
641 
642 
643 
648 

649 
650 
651 
652 
653 
654 
655 
656 
657 
658 
659 
660 
661 
662 
663 
664 
665 
666 
667 
668 
669 
670 
679 
680 
681 
682 
686 
687 
638 
689 
690 
691 
692 

713 

714 
715 
716 
717 



IV WHOSE FAVOR DRAWN. 



Joseph Bui**on. 

Do. 

Do. 

Do. 

David H. Cunningham, as owner of the ship America, embargoed at 
Bordeaux. .... 

Do. do. do. 

Do. do. do. 

Da do. do. 

J. I^aureus. transferree of Robert Lee. as master of the ship Richmond 
embargoed at Bordeaux. 

Do. do. do. 

Joseph Fenmck, for the Maryland. Captain Speke. embargoed at Bor 
deaux. . . . . . ^ . 

Do. dp. do. 

Do. do. do. 

Do. do. do. 

Steplien Girard. as owner of the Good Friends, embargoed at Bordeaux 

Do. do. do. 

Do. do. do. 

Do. do. do. 

Joseph Russell, jr. owner of the ship Fame. Captain Coleman 
Fulwar Skipwith. ..... 

Do. . . . . , 

Isaiali .Snow, as master and owner of the Industry. . 

Do. do. . " . 

Do. do. ... 

Do. do. ... 

Jacob Shoemaker and Jacob Baker, administrators or transferrees of 
John Swanwick. ..... 

Do. do. do. 

Do. do. do. 

Do. _ do. do. 

Abraliam Wirt, transfeiree of Mathias Keely and Constant Xorthon, 
Ann Carhart and Joseph Brown. 

Do. do. 

Do. do. ... 

Do. do. ... 

^\illiam Pote, as master of the Columbia, embargoed at Bordeaux. 
"\^ illiam Russell, as master and owner of the schooner Hannah, embar 
goed at Bordeaux 

Do. do. da 

Do. do. do 



t 

do. 



do 



representative of Thomas Davis 
do. F. Bradbury. 



Do. 

Fulwar Skipwith 

Yellot. Oliver, and Thompson 

Do. 

Do. 

Do. 
Fulwar Skipwith 

Do. 
Thomas Xasli. 

Do. 

Do. 

Do. 
Fulwar Skipwith. 

Do. 

Do. 

Do. 
John R. Livingston, 

Do. 

Do. 

Do. 
Smith and Buchanan 

Do. 

Do. 

Do. 
Schweighauser and Dobi 
Thomas Keown 
Peter Dallarde. 
Daniel Sargent, 

Do. 
Magagnos. (widow) tran 
William Mackay, for h 

deceased, .... 

, survinng partner of the house of W 



ee, representing John Willis, 



sferree of Benjamin Conner, 

mself, and a^ administrator of Joseph 



Joseph Sim 
Sims, 

Do. 

Do. 

Do. 
John Thompson 



do. 
do. 
do. 



do 
do 
do. 



Hussey, 



oodrop and JosejJi 



AMOUNT. 



"Francs. Centim. 



10.000 
10.000 
10.000 
11,446 42 

7,987 So 
8.000 
8.000 
8,000 



2.790 
2.800 



39 



34 



92 
60 



8.500 
8,500 
8.500 
9.162 
8,000 
8.000 
8.000 
8.242 
1,137 
6,696 93 
352 50 
6.000 
6.000 
6.000 
6.253 

10.472 72 
11.000 
11.000 
11.000 

5.684 10 

3.000 

3.000 

3.000 

3.141 52 

4,914 94 

3.000 

3.000 

3.000 

3.941 
720 
34.000 
34.000 
34.000 
24.302 95 

5.306 45 
670 

2,000 

2,000 

2.000 

2.252 

5.600 

5,600 

5,600 

5,930 

100,000 

100,000 

100.000 

] 00.000 

17.000 

16.000 

16.000 

17.994 

32,967 

10.435 

7.585 

7,233 

8,000 
11,055 42 



19 
92 



59 



U 



73 
50 
12 
14 
53 



10,220 98 

10,000 
10,000 

10.000 
10,009 60 
5,700 



1806.] 



PAYMENTS UNDER FRENCH CONVENTION, 



195 



LIST— Continued. 













AMOUNT. 


DAT 


E OF 


BILLS. 


NO. OF 
BILLS. 


I\ WHOSE FAVOR DRAWN. 






Francs. Centim. 


Oct. 


% 


1805, 


718 


John Thompson, ----- 


5,700 


ii 


4k 


ii 


719 


Do. - - - - - 


5,700 


ki 


44 


(k 


720 


Do. - - - - 


5,965 14 


(4 


4k 


41. 


721 


John Sheafe, - _ . - - 


3,035 53 


a 


4k 


4b 


722 


James Sheafe, "''"." 


3,035 53 


(4 


kk 


'* 


724 


William H. Sargeant, owner of the schooner Sans-Souci. embargoed at 
Bordeaux, - - - - - 


9,605 08 


4« 


44 


a 


733 


Thomas Morris, - . - - . 


5,300 


ik 


4» 


a 


734 


Do. . - - . . 


5,300 


44 


44 


h4 


735 


Do. - - - - - 


5,300 


44 


44 


1.4 


736 


Do. - - - - 


5,395 


4k 


kk 


44 


737 


Sedi Barton, ----- 


3,000 


ik 


i.k 


44 


738 


Do. ----- 


3,000 


kk 


kk 


4b 


739 


Do. . - - . - 


3,000 


t4 


4k 


44 


740 


Do. ----- 


3,345 19 


44 


(k 


44 


741 


Edward Staples, administrator of the estate of Thomas Adams, owner 
of the brig Diana, embargoed at Bordeaux, 


6,807 82 


44 


44 


<4 


742 


Nathaniel Fellows, owner of the ship the Genet, embargoed at Bordeaux, 


6,589 05 


4» 


4k 


it 


743 


John O'Brien, owner of the ship Hibernia, embargoed at Bordeaux, 


2,800 


4h 


4k 


4b 


744 


Do. do. do. - 


2,800 


<k 


kk 


4b 


745 


Do. do. do. - 


2,800 


4b 


4k 


44 


746 


Do. do. do. 


2,820 48 


fck 


k4 


44 


747 


Lemuel Weeks, Daniel Tucker, and Ebenezer Mayo, owners of the 
ship Merchant, embargoed at Bordeaux, 


4,500 


4k 


kk 


4a 


748 


Do. do. do. - . - 


4,500 


fc» 


44 


4b 


749 


Do. do. do. 


4,500 


4k 


44 


44 


750 


Do. do. do. 


4,561 88 


44 


k4 


4b 


751 


Sarah Fox, Andrew Titcoinb, and Rebecca Titcomb, 


5,600 


44 


4k 


4b 


752 


Do. do. do. 


5,600 


kk 


kb 


44 


753 


Do. do. do. 


5,600 


44 


i4 


44 


754 


Do. do. do. - 


5,828 95 


4k 


kk 


b4 


759 


Henry Lawrence Waddell, 


12,000 


tk 


kk 


b« 


760 


Do. - - . - 


10,000 


fck 


4k 


bb 


761 


Do. - . - - 


10,000 


*• 


kk 


4b 


762 


Do. - - - 


8,000 


k4 


kk 


4a 


763 


Do. - - - - 


5,000 


44 


kk 


44 


764 


Do. - . . - 


5,000 


k4 


kk 


44 


766 


Do. - - 


40,000 


4k 


k k 


aa 


767 


Do. ... - 


50,000 


kk 


kk 


a 4 


768 


Do. - - - - 


50,000 


Nov. 


7, 


bb 


782 


Matthew Bridge, proprietor of the Ruby, 


4,500 


kk 


kk 


bb 


783 


Do. do. do. - 


4,500 


44 


■ k 


bb 


784 


Do. do. do. - 


4,500 


k» 


kk 


4b 


785 


Do. do. do. - 


4,719 19 


44 


44 


ab 


786 


Robert Ralston, - - - - - 


5.800 


Ik 


4k 


b4 


787 


Do. . - . - - 


5,800 


4» 


k4 


44 


788 


Do. - - - „ - 


5,800 


4 


44 


44 


789 


Do. - - - - - 


5,818 43 


14 


44 


44 


790 


Christian Hart, - - . - - 


5,330 


kk 


25, 


44 


837 


Gould Hoyt and John Tom, - . - - 


10,600 


4k 


ih 


44 


838 


Do. do. - - - - 


10,600 


4k 


^b 


b4 


839 


Do. do. - - - - 


10,600 


*■ 




(4 


840 


Do. do. - 

Francs, 


10,872 40 




13,450,608 07 

— ■ : 



Bills, for thefolloiving sums, are stated in the list forwarded by Mr. Jlrmstrong, on the 3d of July, 1805,j/o have 

been drawn, but have not yet been presented at the Treasury. 



Peter Torris, (part of the bills drawn in his name) - 

Bickley and Clark, - . - - 

Joshua Orne, respecting Samuel Smith, (part of the claim) 

Do. respecting Joseph Howard, (part) 

Peter Gil man, (part) 

Dennis Lamy, (part) - - . 

Mallebay and Durand, - - - 

James Swan, (part) 

Perregaux and Co. - - - _ 

Anthony Butler, - - . . 

Do. - - - - 

William Morgan, - - - . 

Edward Dunant, - - - - 

Verenock and Cockle and Ebenezer Thayer, 

J. G. Clark, ... - 



276,827 13 

43,180 92 

12,000 00 

30,000 00 

900 00 

7,000 00 

2,947 79 

150.313 04 

8,887 50 

30,841 27 

3,688 57 

27.906 53 

10,937 27 

18,774 95 

8,981 23 

Francs, 633,186 19 



19t) 



FINANCE. 



[1806. 



Letters of advice for the following bills, drawn subsequent to the transmission of Mr. Jirmstrong^s list, above re- 
ferred to, have been received, but the bills have not yet been presented at the Treasury. 




Thomas Arnold and others, - - » 

Solomon Cook, - - - - 

Nicklin and Griffith, - 

Scheweighauser and Dobree, representing John Willis, 



9,000 00 

8,000 00 

4,433 25 

32,000 00 

32,000 00 

32,000 00 



Francs, 117,432 25 



Amount oft'orty-four Bordeaux embargo cases, (a list of wliich was sent, on the 28th of February, to tlie 
Committee of Ways and Means) for which Mr. Armstrong has advised that no bills will be drawn, in 
consequence of a difference of opinion between him and the minister of the French treasury, as to 
the names in wliich the bills ought to be drawn, - - - - - Francs, "02,998 97 



Amountof bills presented at the treasury, per preceding list, . . _ . 13,450,608 07 

Amount of bills drawn previous to 3d July, 1805, per Mr. Armstrong's lis^, which have not yet been 

presented at the treasury, - - - - - - 633,186 19 

Amount of bills drawn subsequent to 3d of July, 1805, of which we have received advice, 

but which have not yet been presented at the treasury, - - - 117,432 25 

750,618 44 

Amount of Bordeaux embargo cases, for which bills are not to be drawn, - - . 702,998 97 



Total amount of claims, of which advice has been received at the treasury, previous to March 11, 

1806, - - - - - - - - Francs, 14,904,225 48 



Sir: 



Treasury Department, .ipril 3d, 1806. 



A complete list of the bills drawn to the 14th day of January last, by the minister of the United States at Paris, 
for claims under the convention of the 30th April, 1803, having been lately received, I have the honor to enclose a 
list of ail such bills as were not included in that transmitted to the House of Representatives, on the 20th day of 
i'/Iarch last. 

1 have the iionor to be, with great respect, sir, your obedient servant, 

ALBERT GALLATIN. 
The Honorable the Speaker of the House of Representatives. 



SupplemenUiry list of bills drawn by the minister plenipotentiary of the United States at Paris, for claims em- 
braced by the Convention with the French republic, of ,9pril 30lh, 1803, 7iot included in the list transmitted to 
Congress, on the 20lh of 3 far ch, 1806. 



Date of vouchers issued 








AMOUNT- 


at the Fi 


ench treasu- 


IN WnOSE XAME DRAWX. 








ry. 


Francs. 


June 


20, 


1805. 


John Livingston, 






36,080 44 


toC 


22, 


,; 


James Barry, (part) 


- 


- 


49,063 93 


August 


8, 


(4 


Henry Jackson, - - 


- 


- 


82,541 78 


ii 


U 


•• 


James Vanuxem, - . - 


- 


_ 


23,517 20 


a 


ik 


i* 


John L. Boss. 


- 


- 


4,017 70 


it 


4b 


a 


Executors of M. M. O'Brien, (part) 


- 


- 


6,099 21 


a 


bfa 


ii. 


Ebenexer Stott and Co. and Thomas Edmonds, 


- 


- 


79,846 37 


September 


2 


ih 


J. Laurens, transferree of Robert Lee. (part) 


- 


- 


5,600 00 


a 


', 


b. 


Enoch Preble, - - - 


- 


- 


28,631 24 


b4 


'.y 


4; 


Schweighauser and Dobrie, 


- 


- 


171,369 65 


a 


a 


46 


Joshua Ofn, transferree of James V. Murray, 


- 


- 


29,625 00 


(.i' 


21, 


44 


Abraham Sasportas, - - - 


- 


- 


20,996 14 


i.i 


iC 


44 


William Price, 


-' 


- 


15,983 78 


ti 


b» 


4. 


Jonathan Williams, 


- 


- 


6,652 45 


a 


44 


44 


James Lindsay, 


- 


- 


18,331 12 


ti 


4h' 


"■ 


Hugh Stocker, . - , 


- 


- 


16,849 42 


(i 


4( 


44 


Abraham Sasportas, 


- 


- 


7,780 92 


il 


it 


44 


E. H. Darby, 


- 


- 


: 8,988 58 


fc& 


*i, 


44 


T. Norris, - - - - 


- 


- 


4,498 27 


w> 


4. 


4 4 


William M'Cleod, 
Henry L. Waddell, (part) 


- 


- 


34,170 10 


October 


16, 


•• 


- 


- 


10,000 00 


»fc 


"• ■ 


44 


James and Jno. Sheafe, and Jno. Robertson, (par 


t) 


- 


3,035 53 


(( 


ik 


k4 


Rd. and Wm. Meade, transferrees of Geo. Meadt 


, 


-' 


29,094 08 


a 


i.i 


4 4 


Thomas Dickenson, - - - 




- 


27,569 18 


a 


fcb 


4 . 


Frederick William Geycr, 


- 


-■ 


10,723 57 


November 


5, 


4. 


Josiah Savage, . . - 


- 


- 


35,410 28 


a 


(. . 


4( 


Preble and Co. 


- 


- 


13,896 10 


a 


,4 


44 


Abel Lunt, - - - - 


- 


- 


260 70 


(( 


a' 


44 


Edward Jones. 


- 


.. 


33,081 80 


a 


15, 


4 ■ 


M- O'Mealy, transferree of James Swan, - 


- 


- 


105,447 73 


(( 


44 


44 


Theodore Peters, 


- 


. 


9,637 68 


a 


44 


4. 


Wm. Rotch and Samuel liodnian. 


- 


- 


19,275 39 


(I 


44 


4. 


Mr. Glassen, Danish consul. 


- 


- 


27,547 45 


a 


44 


44 


George Bunker, 


- 


- 


9,480 00 


a 


^4 


4b 


Summers and Brown, and Robert Hamilton, 


-" 


- 


76,903 35 


a 


44 


44 


Thomas Pcarsall, 


_ 


- 


63,478 44 


a 


22, 


44 


Robert Sterry, 


- 


- 


5,676 70 


it 


44 


44 


John Fabian Parrot, - . - 


. 


- 


41,542 16 


Ci 


44 


44 


M. O'Mealy, transferree of John M'Fadon and Co 


- 


- 


7,487 23 


a 


• 4 


4b 


John Strieker and Henry Payson. administrators of George 


Sears, 


50,634 00 


a 


44 


44 


M. O'Mealy, transferree of John M'Fadon and Co 




- 


17,392 07 



1806.] 



FOREIGN COINS. 



197 



Supplementary List — Continued. 



Date of vouchers issued 
at tlie French Treasury. 




November 22, 1805, 
December 27, " 



kk ii 



January 



31, 



14, 1806. 



i^ 4b 



William and Ebenexer Craft, 

M. O'Mealy, transterree of James V. Murray, 

Daniel Bickley, .... 

Robert Gilmor, transferree of James Reed, 

Nalbro Fra/.ier, administrator of Jolin Hartacli, 

M. O'Mealy, transferree of Josli. Barney, 

Ditto, do. Ditto, 

Ditto, do. Ditto, 

Ditto, do. Jos- Sands, - 

Duranton, administrator of P. Duverger, - ' 

James M'Duracb and Co. 

M. O'Mealy, transferree of Benjn. Jenne, 

Ditto, do. James Swan, - 

H. L. J. Roques, trustee of Bush's creditors, 

William Colley, 

Hubert and Michallerie, 

C. M. Doyen, 

Benjamin Lane, 

Maria Theresa Kempflin, 

P. Bentalou, representative of J. Barney, 



Francs. 



Francs. 



31,296 99 

62,382 35 

1,909 83 

11,069 74 

11,711 93 

122,526 45 

20,422 59 

32,336 96 

112,722 75 

15.308 13 

12,270 97 

176,057 83 

.355,441 45 

124,812 70 

1,545 15 

16,140 15 

10.200 10 

5,100 04 

22,190 

70,000 



^,466, 962 85 



The list containing the above bills was received at the treasury, March 28th, 1806. The whole amount of bills 
drawn prior to the 15th January, 1806, is stated by Mr. Armstrong to have been Francs, 16,668.191 90. 

[Note.— See No. 253. ] 



9th Congress.] 



No. 250. 



[1st S 



ESSION. 



FOREIGN COINS. 

COMMUNICATED TO THE SENATE, MARCH 26, 1806. 



Mr. 



Anderson, from the committee to whom was referred the bill, passed by the House of Representatives, to repeal 
so much of the act, entitled "An act regulating foreign coins, and for other purposes,'' as is contained in the se- 
cond section thereof, reported: 

That they find, by the law aforesaid, which passed on the 9th day of February, 1793. in the first section thereof 
certain foreign coins are made a legal tender, at the rates therein specified. Tiie said first section closes witli these 
words, vi/.: "But no foreign coin that may have been, or shall be. issued subsequent to the 1st of January, 1792, shall 
be a tender as aforesaid, until samples thereof shall have been found, by assay at the mint of the United States, to be 
ctmformable to the respective standards required, and proclamation thereof shall have been made by the President 
of the United States." 

The second section of the same law (a repeal of which section is contemplated by the bill referred to the com- 
mittee) is in the following words, viz: "That, at the expiration of three years next ensuing, the time when the coin- 
age of gold and silver, agreeably to the act. entitled 'An act establishing a mint, and regulating the coins of the 
United States,' shall commence at the mint of the United States, (which time shall be announced by the proclama- 
tion of the President of the United States) all foreign gold coins, and all foreign silver coins, except Spanish milled 
dollars, and parts of such dollars, shall cease to be a legal tender as aforesaid." 

The committee find that, in consequence of the operations of the mint having commenced, the President of the 
United States did. by iiis proclamation, dated the 22d day of July, 1797, announce the same, pursuant to the direc- 
tions contained in said second section, and did thereby give notice that, in confoimity with said law, all foreign sil- 
ver coins, except Spanish milled dollars and parts of such dollars, would cease to pass current as money, within the 
United States, and to be a legal tender for the payment of any debts or tlemands, after the 15th day of October then 
next, and that all foreign gold coins would cease to be a tender as aforesaid, after the 31st daj' of July, in the 
year 1798. 

The committee find that no proclamation has ever been made by the President of the United States, upon the 
subject of foreign coins which may have issued since January 1st, 1792, as contemplated by the first section of the 
act aforesaid; nor does it appear that any assay of such coins has been made at the mint of tlie United States. 

The committee find that, on the 1st day of February, 1798, Congress passed an act, supplementary to the act. enti- 
tled "An act regulating foreign coins, and for other purposes" in tlie words following, viz: "That the second section 
of an act. entitled 'An act regulating foreign coins, and for other purposes,' be. and the same Is hereby, suspended, 
for and during the space of three years, from and after the 1st day of January, 1798, and until the end of the next 
session of Congress thereafter; during which time the said gold and silver coins shall be and continue a legal tender, 
as is provided in and by the first section of the act aforesaid; and that the same coins shall tliereafter cease to be 
such tender." 

On the 30th of April, 1802, Congress passed an act to suspend, in part, the act, entitled "An act regulating for- 
eign coins, and for other purposes," in the words following, viz: '"That so much of the act, entitled "An act for regu- 
lating foreign coins, and for other purposes,' as is contained within the second section tliereof, be, and tlie same 
hereby is, suspended, for and during the space of three years, from and after the end of the present session of Con- 
gress." That session of Congress, tlie committee find, was closed, and at an end, on the 3d day of May, 1802. 

By placing in one view all the laws upon the subject of foreign coins, it appears that, if tlie first section of the 
law upon that subject were now in force, no foreign coin whatever, which has issued subsequent to the 1st of Janu- 
ary, 1792, is current money or a legal tender — not even Spanish milled dollars and parts of such dollars, unless by 
force of the second section of the same law; which, if suspended or repealed, will throw out of circulation almost 
the whole of Spanish dollars and parts of dollars, as but few pieces of those, or of any other foreign coins of a prior 
date to January. 1792, are in circulation. But. when we consider the act passed on "the 1st day of February, 1798, 
as not only suspending the operation of the second section of the act regulating foreign coins, bni positively enact- 
26 ft 



198 FINANCE. [1806. 



s 



inp- that all the foreign coins, mentioned in the first section thereof, shall, at tlie end of the next session of Congress, 
after three years from the 1st day of January, 1798, cease to be a tender, it will be discerned that the first section 
■stands completely repealed, as it respects the legal tender of foreign coins: for the act of the 30th of April, 1802, 
suspends the operation of the second section only of said act, without reviving the first section. 

The lesal state of things in the United States, in respect to tiie currency of foreign coins, then, is as follows, viz: 
From and after (he 3d day of May, 1802, (the end of the session of Congress mentioned in the act of February, 
1798) no foreign coin whatever has been a legal tender, until 3d May, 1805. From the 3d May, 1805, (at which 
time the last suspension of the second section of the law regulating foreign coins, expired) Spanish milled dollars, 
and parts of such dollars, have been a legal tender. 

With this view of the subject, which your committee believe is correct, they cannot discern the policy of repeal- 
ing the second section of said act, as contemplated by the bill referred to them by the Senate. Were this bill to 
pass, no money would be a legal tender to satisfy debts and demands in the United States, except the gold and sil- 
ver coins which have issued from their mint. These coins, the committee believe, are not sutHcient in quantity and 
value for a circulating medium, without t!ie aid of Spanish milled dollars and parts of such dollars. 

But, since such great quantities of Spanish milled dollars have been exported, and are still exporting, from the 
United States, and so great a portion of the remaining foreign gold and silvei- coins, as well as those issued by the 
United States, are locked up in the cells of the Banks, already numerous, and still increasing: your committee be- 
lieve that measures ought to be adopted by Congress, to increase the quantity of circulating medium beyond our own 
coins and Spanish milled dollars and parts of such dollars. 

In ettecting this object, the committee are sensible that caution is requisite to prevent coins, which may not be of 
a standard weiglit and value, from becoming a currency, especially as there seems to have been no assay of foreign 
coins, which have issued subsequent to the 1st day of January, 1792. 



9th Congress.] No. 251. [1st Session. 



FISHING BOUNTY. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 38, 180C. 

Mr. Crowninshield, from the Committee of Commerce and Manufactures, to vvhom was referred, by the House 

of Representatives, the petition of Jonathan Very, of Salem, in tiie State of Massachusetts, made the following 

report: 

The petitioner, in the year 1800, was the owner of the schooner Edmund, of the burthen of fift3r-one tons. 
This vessel was licensed for employment in the cod fishery, and sailed on her voyage the twenty-first day of 
June, and returned to Salem on the ninth day of August, with a fare of fish, of three hundred and seventy -two 
quintals. She departed on the second voyage, the twenty-first day of August; and after being employed in the cod 
fisheiy, and having caught upwards of forty quintals offish, on the ninth day of September, ensuing, the said vessel 
met with a severe storm, shipped a sea, ami was so wrecked that the crew deserted her, and she, with her whole 
cargo of fish and salt, was thereby totally lost. In consequerice of this loss, the petitioner and the crew of said 
schooner were deprived of the bounty money allowed under the existing laws for the encouragement of the fishery, 
in lieu of the drawback on the salt consumed in making the fish. The petitioner prays that he and the crew of said 
schooner may receive the same bounty, which, in the event of a successful voyage, they would have been entitled 
to, or such proportion thereof as may be deemed proper. 

The committee are satisfied that the duty paul to the United States, on the quantity of salt exported in the 
schooner Edmund, amounted to an equal sum widi (he bounty prayed to be allowed by the petitioner; it might, 
therefore, at the first view, seem reasonable to grant the prayer of the petitioner; iiut, on the other hand, the existing 
law only warrants the payment of the bounty to fishing vessels actually employed during four months of the fishing 
season; that is accounted to be from the first day of March to the first day of December, in every year. This 
schooner was at sea, and actually engaged in the fishing business, for seventy days oidy, during the two voyages. 
She was not employed longer than that time befine she was lost, and abandoned by the crew. No provision exists, 
in the law for the encouragement of the fisheries, which is calculated to meet a case similarly circumstanced. It 
fontemplates the employment of a fishing vessel, for the period of four months, and leaves no discretion to be excer- 
cised by the officers of the customs. If a regularly licensed fishing vessel is lost, or shipwrecked, at any time with- 
in the four months, as the law now stands, the bounty cannot be paid. The committee consider this as a hardsliip 
upon the fishermen, and the owners of fishing vessels. It would certainly be an equitable arrangement to allow 
them to receive such proportion of the bounty, as the time employed, previous to the loss of the vessel, might bear to 
the four months; and where the vessel should be entirely lost, with tne crew, it would be oidy a fair and just en- 
couragement to the cod fishery, if the full bounty was paid; and such a provision could not be considered as operat- 
ing injuriously to the revenue, as the bounty is allowed in lieu of the drawback to which the salt used in curing the 
fisn would be entitled, upon its exportation out ot the United States. 

The committee, however, are not permitted to vary the law to suit each individual case. A mere informality, 
unintentionally committed, might sometimes be dispensed with: but, where the principal provision of the law is not 
complied with, there can be no reason to induce Congress to fiuctuate in its decisions, according to the various ap- 
plicati(ms or views of individuals, who may feel themselves injured. 

Under all the circumstances stated in this case, (although the committee are fully sensible that the loss falls 
peculiarly hard on the petitioner) they are of the opinion that, as the law now stands, it would be improper to allow 
the bounty asked for by the petitioner; and therefore recommend, that he have leave to withdraw his petition, and 
the documents accompanying the same. 



9th Congress.] ' ]>^0. 252. ' ' ' [1st Session. 



MINT. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, APRIL 1, 1806. 

Treasury Department, March 29th, 1806. 
Sir: 

I have the honor to ti-ansmit, herewith, a letter from the Comptroller of the Treasury, accompanied witli 
sundry statements which have been prepared in obedience to the act, entitled " An act establishing a mint, and 
regulating the coins of the United States,*' passed on the 2d of April, 1792. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
The Honorable the Speaker of the House of Representatives. 



1806.] 



THE MINT. 



199 



Treasury Depautment, Com])l roller's Office, March 2Sth, 180G. 



Sir: 

Tlie statements marked A. B, C, ami I), whicli you will receive herewith, have been prepared pursuant to 
the seventh section ot'an act of Congress, of the 2d of April. 1792, entitled " An act establishing a mint, and regu- 
lating the coins of the United States.'* They contain all the information relative to the transactions of the mint 



whicli the settlements made at the treasury enable me to give. 

I have the honor to be, with great respect, your obedient servant, 

Albert Gallatin, Esq. 



G. DUVALL. 



Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the mini on the 3lst 
December, 1804; the amount of deposit es from the 1st January to the 31.s7 December, 1805; the different species 
of coins made and paid on account ofdejjosites; allowcnice for wastage; and the balance remaining in the liunds 
of the officers of the mint on the said 3lst December, 1805, to be accounted for on a future settlement. 





Ounces. 


)\vt. 


(ir. 


Dolls. 


Cts. 


M. 


Balance of gold bullion. &c. remaining in the hands of the officers of the 














mint on the 31st December, 1804, ------ 


28 


18 


14 


513 


46 


5 


Gold bullion deposited from the 1st January to the 31st December. 1805, - 


9,636 


2 


6 


171,308 


55 


5 




9,665 





20 


171,822 


*} 





Amount paid on account of deposites of gold from the 1st Jaimary to the 31st 














December. 1805. -------- 


- 






190,565 


38 




Add balance of gold coins remaining in the Bank United States on the 31st 














December, 1805, -------- 


" 


" 




82 


33 


5 




190,647 


72 





Deduct this sum, being the balance of gold coins remaining in the hands of 














the treasurer of the mint on the 31st December. 1804, 


19,327 


42 











Also, this sum. being so much ot the warrant No. 5578, issued at the treasury 














of the U'nited States to cover the wastage in the coinage of gold, during 














the year ending 31st December, 1805, . . . . . 


952 


80 





20,280 


22 













Gold coins made at the mint from the 1st Jcmuary to the 3lst December, 








1805, viz: 














Half eagles 33.183. and quarter eagles 1,781. weight and value. 


9,583 


3 


10 


170,367 


50 





Balance of gold bullion in the hands of the officers of the mint on the 31st 














December, 1805. -------- 


41 


17 


11 


743 


45 





Profit and loss for this sum allowed for wastage in the coinage of gold from 














the 1st January to 31st December. 1805, - - - - - 


39 


19 


23 


711 


/ 





-\s above, - - - . 


9.665 





20 


171.8-2-2 


O 





Balance of silver bullion in the hands of the officers of the mint on the 31st 














December. 1804. -----.-. 


14,221 


12 


9 


16,409 


17 





Silver bullion deposited from the 1st January to the 31st December, 1805, - 


126,268 


14 





145,694 


59 


5 




140,490 


6 


9 


162.103 


76 


5 


Amount paid for deposites of silver from the 1st January to the 31st Decem- 














ber, 1805, -..------ 


- 


- 




142,497 


72 


5 


Add balance of silver coins remaining in the Bank L iiited States on the 31st 














December, 1805, -------- 


" 


~ 




7,699 


39 







150,197 


11 


5 


Deduct this sum, being the balance of silver coins in the Bank United States 














on the 31st December 1804, -.--.. 


426 


33 











Also this sum, being so much of warrant No. 5578, issued at the treasury 














United States to cover the wastage in the coinage of silver, during the 














year ending December 31st, 1805, ------ 


382 


28 


5 


808 


61 


5 










Silver coins made at the mint from the 1st January to the 3\st December, 






1805, rt;; 














Dollars 301. half dollars 211.722, quarter dollars 121,394, dimes 120,780, and 














half dimes 15,600. weight and value, - - - . - 


129,470 





16 


149.388 


50 





Balance of silver bullion in the hands ot the officers ot the mint on the 31st 














December, 1805, -------. 


10,461 


5 


12 


12,070 


25 


5 


Profit and loss for this sum allowed for wastage in the coinage of silver from 














1st January to 31st December, 1805, - - - - _ 


559 





6 


645 


1 





.\s above, . - - . 


140,490 


6 


9 


162,103 


76 


5 



CoiMPTROLLER's Office, Murch lOth, 1806. 



ANDREW ROSS. 



200 



FINANCE. 



[1806. 






P3 






^ 



in 

o 
00 



^ 



'S^ 



s 



a. 



I 

s 
s 
o 



55 



;§ 



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a: 

Q 





^'^ 


• OJ 00 


t- 


O CO 






o 




oj o -*i 


5 ^ ■* 


to o 00 




in 




g:ii- 


^ o. 


CT O O 




CO 




o rt 5: ^ 


n — 


in j^ to 




00 




o ^T3 c 


^ (N CT_^ 


Tf O — 




to 




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^ t-T TjT ^^ — "j-T 


oT 11 






.2 05 —1 


.-4 P— t 




(N 




q 


<M 




(M 




-3 =« « o 












>■ 














So to 












to o CO 


CO 


<U 




■M 


^ T— < -^ 










"ho 


N in -- 


in o in 


O 


Ol 




'5 


o — 


^ 








S 


o in 


to OCT 


Ol 


00 






,- — . in to 0^ m 


CO 


t^ 




>> 


j; — TP o --< o 


t^ 


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p 


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--» to — 


t^ CO o 


eo" 


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H 


-^ -^ 


in »n 










to 


to 




t^ 






i-djir/i oocyte '■'? 


CO o rH .^jf in 








^^ ca o O M r^ 


^ 


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;_ -tT J in o w to 

o = •- > CO to to m 

i- I C .„'--. to — •* 
























00 00 O Ol o 








nted 
lette 

the 

i8o; 

lint, 
lbs. 


W p^ Ol Ift Ol 
O 00 to •* CO 
J- CO, 








it of rough copper and copper planchettes, accou 
nt marked B, accompanying the Comptroller's 
bruary, 1805, . - . - . 
f cents and half cents charged by the treasurer ot 
id to the treasurer of the United States in the year 
quarter ending March 31, 
quarter ending June 30, - 
quarter ending September 30, - 
quarter ending December 31. . . . 

nee remaining December 31, 1805, viz. 

; half cents in the hands ot the treasurer of the n 

es fit for striking, in the hands of the cliief coiner. 


nf statement last rendered, 
ent planchettes spoiled and de- 
:' the mint, in June quarter 
lanchettes delivered to ditto, in 

he chief coiner for half cents 
ard weight, June quarter, 
its weighing more than stand- 






loss per amount 1 
is weight of half-c 
to the treasurer ol 
IS weigiitofcentpl 
ler quarter, 
an allowance to t 
g more than stand 
do. to do. for cei 
ght, 






y amoun 

stateme 

26th Fe 

mount 

delivere 

In the 

In the 

In the 

In the 

Bala 
ents and 
lancliett( 


rofit and 
0. for th 
livered 
0. forth! 
Deceml 
0. being 
weighin 
0. being 
ard wei. 






m < op^ 


PLhC O P Q 




•^ 


d c _ 


CO t^ 




o 






O (N »- 


CI lO 




o 




CI. 


■* to 


O St 




CO 




o 


« t- — 


<Tt Oi 




00 




o 


;:? m 


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to 






"^^ m. 










C«-i 


O 00 


od'-r 




a^ 




o 


C5 2 


Ol CO 




0* 




tn 


PH 




CT 




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U 














»j 










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M OS 


Ol ' 




Ol 




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T3 bo 


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<1 


1 1 1 








! OJ O • (D 1 1 t*.- fan t- !■ . 








ough copper and cop 
;es purchased from th 
nlof the institution t 
mber, 1804, per state 
B, accompanying th 
i letter of the 26th Fe 

harged on the cost o 
port No. 16,321, beinj 
, charged at two pe 
of at two guineas pe 

the amount gained . 


























amount of r 
per planchett 
commenceme 
the 31st Dece 
ment marked 
Comptroller's 
bruary, 1805, 
mount short c 
copper, per re 
for insurance 
cent, instead 
cent. 

ilance, being 






. 














h < 






pq 






11 



O 
PS 



a: 

OS 

Q 
< 



to 

o 

00 



u 



H 

hJ 

o 

OS 
h 
c 

o 

O 



1806.] 



THE MINT. 



201 



c. 

Summary Statement exhibiting the value of coins made at the mint; the amount of disbursements on account of 
the establislirnent; the amount allowed for wastage,- the amount retained of deposites; and the amount gained 
on the coinage of copper, from the commencement of the institution to the 'i\st December, 1805. 



Value of gold, silver, and copper coins made at the mint, to 31st December, 1801, 
Do. ot gold coins made from 1st January, to 31st December, 1805, per account 
herewith, marked A, - - 

Do. of silver do. do. do. do. 

Do. of copper do. do. per account herewith, marked B, 

Total value of gold, silver, and copper coins, 

Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1804, 
per account rendered, -...._. 

Add amount gained on the coinage of copper, to 31st December, 1804, per account 
rendered, -------- 

From the above deduct amount wastage on gold and silver, to same 

period, ...... 17,193 gg 

Add amount retained of deposites do. do. 2,581 54 5 



Add amount disbursed, on account of the establishment, from the Ist January, to 
31st December, 1805, ---... 

Add also amount of wastage on gold and silver, to 31st December, 1804, per account 
rendered, -------- 

Do. do. do. from 1st January to 31st December, 

1805, per account herewith, ------ 

From the above deduct amount retained of deposites, to 31st December, 

1804, - - - - - - - 2,581 54 5 

Also, amount retained of deposites, from the 1st January to 31st Decem- 
ber, 1805, - - - - - - 251 60 



Deduct amount gained on the coinage of copper, from the commencement of the 

institution to the 31st December, 1805, per statement herewith, marked B, 
Nett amount charged on the coinage of gold, silver, and copper, from the commence- 
. ment of the institution to the 31st December, 1805, including the cost of lots, 
buildings, &c. ------. 



170,367 50 

149,388 50 

14,213 48 



241,221 96 

31,327 46 5 

27.2,549 42 5 



14,612 42 5 



17,193 96 
1,356 08 



18,550 04 



2,833 14 05 



$4,301,894 24 



333,969 48 
4,635,863 72 



257,937 00 

17,687 80 



15,716 89 5 



291,341 69 5 
31,092 57 



$260,249 12 5 



Note. — The value of gold coined to 31st December, 1805, is - - - . $2 547 557 50 

do. of silver do. do. - - - - . . 19 10 402 35 

do. of copper do. do. and charged as delivered to the treasurer of the United States, 'l77'903 47 



As above, 
Add copper coins in the hands of the treasurer of the mint, 

Total value of coins made, 
COMPTROLLER'S Offiob, March 18, 1806. 



4,635,863 72 
1,070 00 

$4,636,933 72 



AND. ROSS. 



D. 

Statement of the appropriations made by hnr for the Mint Establishment, for the year one thousand eight hundred 
and five, with the amount of ivarrants drawn by the Secretary of the Treasury on said appropriations. 

Amount of warrants drawn on the treasurer in favor of the mint, for the services of tlie year 1805, $9,335 08 

Balance unexpended on the 1st January, 1806, - - - - - . (jy 26-2 07 



575,697 15 



Balance of the several appropriations for the mint establishment, unexpended on the 1st January, 1805, $52,083 67 
-\ppropriated by *' An act respecting the mint," dated the 24th April, 1800, being the amount of 

cents and half cents paid into the treasury in 1805, - - - . . 14.213 48 

Ditto, by " An act making appropriations for the support of Government for the year 1805,"' passed 

1st March, 1805, - - - - - - - . . 9^400 OO 



.697 15 



Statement of the appropriations made by law, for the payment of the salaries of the officers and clerks of the Mint. 

for the year one thousand eight hundred and five. 

Amount of warrants drawn on the Treasurer of the United States, for the salaries of the officers and 

clerks, in 1805, -.--...... $10.600 qq 

Appropriated by the act making appropriations for the support of Government for the year 1805, 

passed the 1st March, 1805, --..-., $10,600 00 



202 FINANCE. ' [1806. 



Statement of the application of moneys advanced from the Treasury of the United States for the support of the Mint 
establishment, during the year one thousand eight hundred and Jive. 

Moneys paid by the treasurer of the mint, on warrants drawn on him on tlie Director, and admitted by the account- 
ing officers of the treasury, on the adjustment of his accounts, were as follow, viz: 
Incidental and contingent expenses and repairs of the mint. 
For $7,087 80, being the amount expended for the requisite repairs, apparatus, machines, wages of workmen, and 
other expenses, in the 1st quarter, ... - - $1,356 47 

2,1 do. ... - - 1,643 81 

3d do. ...... 1,970 38 

4th do. ----- 3,11724 

7,087 80 

Copper purchased for coinage. 
For this sum, short credited in treasury settlement, No. 16,221, - - - - 16 71 

Salaries of the Officers and Clerks of the Mint 
In the 1st quarter, ----- $2,65000 

■ • . . - - - 2,650 00 

3,650 00 
2,650 00 

10,600 00 

IVastage in the coinage of gold and silver. 
Applied to make good the deficiency in said coinage, for the year 1804, - - - - 1,335 08 

Balance to be accounted for by the treasurer of the mint, - - - - - 6,908 55 

$25,948 14 



2(1 


do. 


3d 


do. 


4th 


do. 



Balance which was to be accounted for by the treasurer of the mint, on the 1st January. 1805, as 

per statement for the preceding year, - - - - - - - $6,013 06 

Advanced from the treasury for the mint establishment, viz: 
For the salaries of the officers and clerks, - - - - - - - 10,600 0® 

For the purchase of copper, and the incidental expenses, - - - - - 9,335 08 



$25,948 14 



.account of cents and half cents paid into the Treasury of the United States, by the Treasurer of the Mint, in the 

year one thousand eight hundred and Jive. 

In the 1st quarter, - - - - - - - $1,335 00 

2d do. ..----- 6,660 00 

3d do. - - - - - - - 583 32 

4th do. ------- 5,636 16 



$14,213 48 

Treasury Department, Register's Office, March 24, 1806. 

JOSEPH NOURSE, Register. 



9th Congress.] No. 253. [1st Session. 

CLAIMS TO BE PAID UNDER THE CONVENTION WITH FRANCE, OF THE SOth 

APRIL, 1803. 

^ COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, APRIL 2, 1806. 

Treasury Department, February 38, 1806. 

It is provided by the act making provision for tlie payment of claims of citizens of the United States on tlie 
Government of France, &c. passed on the 10th November, 1803, that the payments shall be made at the treasury, 
on the orders of the minister plenipotentiary of the United States to the French republic. A difficulty having 
arisen in France respecting the persons who were entitled to compensation for the Bordeaux embargo, it was agreed 
by the minister of the United States, and by the minister of the public treasury of France, that a list of the liqui- 
dations should be transmitted to the treasury of the United States for payment, leaving it to be decided by the 
officers of the said treasury, to whom payment ought to be made. A transcript of the said liquidations,* which 
amount to 703,995 francs and 97 centimes, and of a letter from Mr. Armstrong accompanying the same, are here- 
with transmitted. It is believed that the proof of ownership will be easUy obtained; and the cRfference on the right 
to commission having been adjusted, no difficulty is apprehended in the settlement of the accounts. But a law is 
necessary to authorize the settlement of accounts at the treasury, and the payment to the proper claimants," as no 
bills or orders drawn by the minister of the United States, in the usual form, accompany the transcript of liquidation, 
and the officers of the treasury have no authority, under the existing law, to decide who are the real owners. 
I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
Hon. John Randolph, Chairman of the Committee of Ways and Means. 

•This transcript is not on the files of either House of Confess or the Treasury Department. 



1806.] CUSTOMHOUSE BOND— RELIEF TO A SURETY. 205 

Paris, November ^l. 1805. 
Sir: 

Herewith enclosed is a list ot liquidations made under the treaty of 1803. between the United States and the 
Government of France, certified by the minisfer of the public treasury, and now transmitted to you for payment, 
under an arrangement made between that minister and myself, on the fifteenth of June last. A note of a conversa- 
tion betvveeen him and me, which produced this transmission, is subjoined. 

I am, sir, with great respect, your most obedient and very humble servant, 

JOHN ARMST RONG. 
Thomas T. Tucker, Esq. Treasia-er nfthc United Slates ofJlmerird, Washington. 



Of a conversation ivhich took place, on the l^th of June. 1805, beticeen Mr. Barhe IMarbois and myself, on the sub 
ject of certain liquidations, under the treaty of 1803, anfl the clai ' ' - " ■ --- •■ - - 



NOTE 

')etir( _^ _, 

ras, respectively, of Fulwar Skipwith. Esq. and 
Joseph Fenwick, to receive the bills issuable thereon. 

It was contended by Mr. Marbois. that, inasmuch as the liquidations had been made in the names of J. Fenwick's 
constituents, the bills ought to be drawn to them: and the rather, because, though Mr. Skipwith presented himseli 
as attorney for certain persons, claiming to be owners of the vessels to which indemnities had been accorded, still, 
that no suflicient evidence of their being such, had been offered by him (Mr. Skipwith.) 

To the arguments drawn from the facts of the liquidation having been made in the names of Mr. Fenwick's con- 
stituents, it was answered, that neither the treaty, nor the usage under it. made the rujuidations alone, conclusive 
evidence of the property: that, in many cases, liquidations had been sent back to the council general, and by it con- 
formed to the views of the two ministers. 

As to the 2d argument, viz. That Mr. Skipwith iiad not offered sufficient evidence of the ownership of his 
constituents, it was answered, tliat it matters little from whom the evidence of ownership came, whether from Mr. 
Skipwith, or other person, provided the evidence was in itself sufficient: that the distinctit)n taken by the minister, 
so far from supporting the objection, made against it; because, though Mr. Skipwith might not have preferred any 
evidence competent to his purpose, yet that Mr. Fenwick had supplied that defect: that, in a paper presented by 
him, (Mr. Fenwick) as a transcript from the consular books of Bordeaux, and of cotemporary date with the em- 
bargo, the constituents of Mr. Skipwith are recognised as the owners; that it will not be contended that the evi- 
dence of this paper is either diminished or destroyed by the circumstance oi its having been produced by Mr. Fen- 
wick, for another purpose; and lastly, that its authority has been deemed sufficient in other cases to regulate oui- 
payments. 

Admitting, however, the fact, that no sufficient evidence had, fiom any (piarter, been produced, of the ownership 
contended for by Mr. Skipwith. still, it by no means followed tiuit the bills could be drawn to tlie constituents of 
Mr. Fenwick — 

1st. Because, according to his own showing, these constituents were not owners, but agents, whose authority 
was merely incidental to the relation they bore at the time to the ships embargoed, and whicli necessarily termi 
nated with that relation, unless revived by new powers from the owners, which in none of these cases appears to have 
been given. 

2d. Because, had their powers been revived in this form, and were they now operative, unless they gave an 
entire control over the property, the agents would be precluded from recovering the bills in their own names, under 
the general rule, that "bills were not payable to the order of agents, whose powers do not extend to the alienation 
of the claims represented by them." 

And 3dly. Because, were the bills drawn agreeably to the list of liquidations, I see nothing that could after- 
wards impair the titles of the captains, nor any means by which the owners could compel them to pay over the 
moneys received by them. The liquidations and the bill must be regarded, by the treasury of the United States, as 
the highest possible evidence of the property. No attachment, of course, could lay there, nor could the jurisdiction 
of our courts (any more than the powers of our treasury) reach the evil; it being altogether incompetent to inquire 
whether the payment was made rightfully or wrongfully. 

Mr. Marbois being tenacious of his opinion, and I not disposed to yield mine, is was suggested that a list of the 
liquidations made in these cases, stating in one column the names of the captains, and in another, those of the per- 
sons claiming as owners, and certified by the minister of the public treasury of France, should be transmitted to 
the United States, to be paid there, to those persons in whom the property might be found. 



9th Congress.] No. 254. [1st Session 



RELIEF TO A SURETY IN A CUSTOM HOUSE BOND. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, APRIL 2, 1806. 

Mr. Crowninshield, from the Committee of Commerce and Manufiictures. to whom was referred, on the 4th instant, 
by the House, the petition of Francis Barretto, of the city of New York, made the following report: 

The petitioner prays that Congress would relieve him from the payment of a custom house bond, where he is 
the surety, or, if this is deemed impropei-, as he is in indigent circumstances, he hopes that some favorable arrange- 
ment may be made for him, vvhereby his person may be exempt from arrest, under the judgment obtained against 
him. at the suit of the United States. 

The following facts appear in this case: The petitioner, on the 17th day of July, in the year 1795, together with 
George Arnold and James Harrison, became bound to the United States, as sureties for Jose Joaquim La Costa, 
for duties on the cargo of the brigantine Los Amigos, from Madeira, amounting to the sum of nine thousand dollars. 
The person who signed the bonds as principal having failed in his business, and neglecting to pay the debt, suits 
were commenced for the recovery of the (hities, upon which judgment was obtained, and tlie principal debtor was 
a long time confined in the gaol of New York, and was finally liberated pursuant to an act of Congress, passed sixth 
of June. 1798. upon assigning all his property to the use of the United States. It is further stated, that the other 
two sureties, James Harrison and George Arnf)ltl, being totally insolvent, have departed from the United States; and 
the petitioner, unable to struggle with the difficulties and loss of mercantile credit which he had incurred, was un- 
der the necessity of taking the benefit of the bankrupt act. Since the discharge from his private creditors, the attor- 
ney of (he United States for the New York district has recovered judgment against him for the amount of the 
bond, and he is liable to be imprisoned from day today. 



FINANCE. [1806. 



He is totally destitute of property, and has a numerous family of young children, who depend upon his exertions 
for their education and support. In this distressing situation he is unable to pursue any business to advantage, and 
can only expect or hope for relief from the benevolent interposition of Congress. 

The committee remark, that the petitioner's misfortunes do not appear to be owing to his fault or neglect; he 
placed implicit confidence in the person who was principal on the bond, and expected he would pay it; he was de- 
ceived in tliis expectation. His own funds were, and stdl are, inadequate to meet the payment. He is totally des- 
titute of property. The United States cannot expect to receive any thing from the petitioner. Thus circumstanced, 
and well knowing that Congress have, in several instances, where any meritorious cases presented themselves, made 
provision for the relief of persons who were unable to pay their (lebts, the committee conceive that the House will 
readily agree to exempt the person of the petitioner from arrest for the debt owing to the United States. Similar 
bills have been reported during this session, for the relief of Francis Johonnot and John McFadon, and the present 
petitioner has equal, if not superior claims upon the humanity of Congress. The committee beg leave to submit the 
following resolution: 

Resolved, That the prayer of the petitioner, so far as to free his person from arrest or confinement, on account of 
any judgment obtained against him, in behalf of the United States, is reasonable, and ought to be granted. 



9th Congress.] No. 255. [ 2d Session. 



STATE OF THE FINANCES. 

COMMUNICATED TO THE SENATE, DECEMBER 8, 1806. 

In obedience to the directions of the act supplementary to the act, entitled " An act to establish the Treasury 
Department," the Secretary of the Treasury respectfully submits the following report and estimates: 

REVENUE AND RECEIPTS. 

The nett revenue arising from duties on merchandise and tonnage, which accrued during the year 1804, 
amounted, after deducting that portion which arose from the additicmal duties constituting the Mediterranean fund, 
to . ... $12,673,458 

And that which accrued during the year 1805, amounted, after making a similar deduction (as will 
appear by the statement A) to - - - - - - - - - 13,083,82,3 

It is ascertained that the nett revenue which has accrued during the three first quarters of the year 1806, exceeds 
that of the corresponding quarters of the year 1805; and that branch of the revenue may, exclusively of the Medi- 
terranean fund, be safely estimated, for the present, at thirteen millions of dollars. 

The statement B exhibits in detail the several species of merchandise, and other sources, from which that 
revenue was collected during the year 1805. 

It appears by the statement C tiiat the sales of public lands have, during the year ending on the 30th Septem- 
ber, 1806, exceeded 473,000 acres. The actual payments by purchasers, have, during that period, amounted to 
850,000 dollars, of which sum near 700,000 dollars have been paid in specie, and the residue in stock of the public 
debt. The specie receipts from that source may. after deducting charges, and the five per cent, reserved for roads, 
be estimated, for the ensuing year, at five hundred thousand dollars. 

The receipts arising from the permanent revenue of the United States may, therefore, without in- 
cluding tlie arrears of direct tax and internal revenues, the duties on postage, and other incidental 
branches, be computed, for the year 1807, at - ■• - - - - - - 13,500,000 

And the payments into the treasury during the same year, on account of the temporary duties con- 
stituting the Mediterranean fund, estimated at -.-.... 1.000,000 

Making, in the whole, an aggregate of $14,500,000 

EXPENDITURES. 

The permanent expenses are estimated at 11,400,000 dollars, and consist of the following items, viz: 
I. The annual appropriation of eight millions of dollars, for the payment of the principal and interest 
of the public debt, of which sum, not more than 3,600,000 dollars will, for the year 1807, be appli- 
cable to the payment of interest, --------- $8,000,000 

n. For the Civil department, aiul all domestic expenses of a civil nature, including invalid pensions, 
the light house and mint establishments, the expenses of surveying public lands, tiie fourth instal- 
ment of the loan due to Maryland, and a sum of 130,000 dollars to meet such miscellaneous appro- 
priations, not included in the estimates, as may be made by Congress, . - - . 1,150,000 

III. For expenses incident to the intercourse with foreign nations, iucluding the permanent appropria- 
tion for Algiers, - - - " . ■ . " ' " " - ■ 200,000 

IV. For the Military and Indian departments, including trading houses, and the permanent appropria- 
tions for certain Indian tribes, ---------. 1,150,000 

V. For the Naval establishment, ---------- 900,000 



Tlie extraordinary demands for the year 1807, already authorized by law, amount to two millions 
seven hundred thousand dollars, viz: 

The balance of the American claims assumed by the French convention, which remained unpaid on 
the 30th September last, amounting to, ------- 700,000 

And the two millions of dollars appropriated by the act of 13th February, 1806, making 
provision for defraying any extraordinary expenses attending the intercourse between 
the United States and foreign nations, ------- 2,000,000 



$11,400,000 



2,700,000 



Making, altogether, ----- .... $14,100,000 



Froin which it appears that, besides a surplus of four hundred thousand dollars, the resources of the ensuing 
year will be sufficient to meet the current demands, and to discharge, without recurring to the loan authorized by 
the last mentioned act, the extraorilinary appropriation of two millions for foreign intercourse. 



1806.] 



STATE OF THE FINANCES. 



205 



It is liere proper to state, that, under the autliority given by tliat act, a credit of one million of dollars has been 
opened in Holland, to the ministers of the Tnitcd States appointed to treat with Spain. Should the credit be used, 
the million will be charged to the proper appropriation; but. although the balance chargeable to the expenditure of 
the year 1807, will, in that case, be only one, instead of two millions, as staled m the above estimate, the general re- 
sult will be the same, as it will then be necessaiy to replace, in Holland, the million thus employed for a different 
object than the payment of the foreign deljf, to ivhich it now stands chaiged. 

The balance in the treasury amounted, on the 30th day of September, 1805, to $1,558,064 02; and, on the 30th 
day of September, 1806, to $5,4!)6,1)61» 77. But it will, on account of the heavy payments to be made in the course 
of this month for the public debt, be probably reduced, on the 1st Jaiuiary, 1807, to a sum not much exceeding four 
millions of dollars. 

PUBLIC DEBT. 

The annexed note of the proceedings of the ("omniissioners of the Sinking Fund, marked E. shows that a consi- 
derable portion of the annual appiopriation of eight millions of dollars was applicable this year to the reimbursesnent 
or purchases of the domestic debt. No more than 17,517 dollars and 61 cents were offered at market price, and ac- 
cordingly purchased. The reimbursement ot the Navy six per cent., amounting to 711,700 dollars, was, therelbre, 
effected on the 30th day of September last, and that of the five and a half per cent, slock, amounting to 1,847,500 
dollars, is advertised for the 1st day of .January next. The payment of the last mentioned sum will be made by (lie 
treasury in tiie course of this month. Although a more than usual portion of the appropriation for tlie calendar year 
1806, falls, for that reason, on the last (juarter, it appears, by the statement 1), that the payments on account of the 
principal of the public debt have, during the year ending on "the 30th day of September, 1806, amounted to neai' three 
millions two hundred and fifty thousand dollars. 

It appears by the same statement, that the payments on account of tlie principal of (he public debt have, from 
the 1st of April. 1801, to the 30th September, 1806, amounted to, ----- $31,203,903 S.-i 

The payments on the same account, to be made by the treasury in (he course of (his moii(h, are — 
For (he reimbursement of the five and a half per cent, stock, - - - 1,847,500 00 

For the annual reimbursement of the six per cent, and deferred stocks, - - 993,389 19 

2,840.889 19 



Amounting, altogether, to 



$24,044,793 74 



And making the total of principal of the public debt, reimbursed from the 1st of April, 1801, to the 1st January, 
1807, more than twenty-four millions of dollars. 

During the same period, there have also been paid to Great Britain, in satisfaction and discharge of the money 
which the United States might have been liable to pay, in pursuance of (he ])rovisions of (he six(h article of the trea- 
ty of 1791, two millions six Inindied antl sixty-four thousand dollars; and to the holders of bills, drawn by (he mi- 
nister of the United States, at Paris, on account of American claims assumed by the convention with France, a sum 
exceeding three millions and fifty thousand dollars: neither of which sums is included in (he pieceding statement of 
debt redeemed. 

As the only parts of the public debt which the United States have a right to reimburse, during the year 1807, 
consist of the annual reimbursement of the six j)er cent, and deferred stocks, estimated at 1,540,707 dollars, ami of 
the four and a half per cent, stock, amounting to 176,000 dollars, it will not be practicable, unless purchases can be 
effected within the limitations prescribed by law, to apply, during that year, the whole of the annual appropriation of 
eight millions of dollars. The unexpended balance, together with the appropriation for the year 1808, will enitble 
the United States to reimburse, on the 1st ot January, 1809, the whole of the eight per cent, stock, wliich is iiTf, 
deemable befijre that day. 

But in order that Congress inay have a clear view of the situation of the public debt after the year 1808, and be, 
enabled to decide on the propriety of making further legislative provision for- that object, it appears necessaiy to 
state, distinctly: 1st, The operations wliich will take place in relation t) the debt, during the ye;;rs 1807 and 1808. 
Sdly, The several species and aggregate of debt, which will have been extinguished between the 1st April, 1801, 
and the 1st January, 1809. 3dly, The sever-al species and aggregate of debt remaining unpaid on the last mentioned 
day. 4thly, A comparative view of the revenue, and annual payments on account of the (lebt, after that day. 

I. The payments to be made during the years 1807 and 1808, on account of the pi-incipal and interest of the public 

debt, consist of the following items, viz.: 
Interest and reimbursement of the six per cent, and deferred stocks, - - - - $6,688,296 08 

01 which sum, the sum required for- interest is, - - - - - - 3,512,337 S3 

And the reimbur-sement ol princii>al will amount to - - - - - 3,175,958 25 



$6,688,396 08 



Ir.'erest and charges on all the other- species of debt, 

]'/ ricipal of the eight per cent, and four and a half per- cent stocks. 

Making, altogether-, - - - . - 

That is to say, for interest, . - . . . 

And in reimbursement of principal, . . - - 



3,529,457 50 
6,538,400 00 

16,756,153 58 



7,041,795 33 
9,714,358 25 

16,756,153 58 



This sum exceeds, by only 756.000 dollars, the sixteen millions appropriated by law for those two years; and that 
diff'ei-ence may be supplied, accmding to law, from the surplusses of revenue already accrued, which are sufficient 
for that purpose, and which it will be eligible to apply in that mmner, in order that the United States may not con- 
tinue to pay an interest of eight per cent., any longer than they are compelled to do it by the terms of the loan. 

II. The amount of debt redeemed from the 1st of April, 1801, to the 1st January next, has been alreidy stated 
to be, - - - - - - - - - - $24,044,793 74 

And the principal which will be reimbursed during the year 1807 and 1808, amounts, by the pi-eced- 

ing statement, to ---------- 9,714,358 25 



Making, together, more than thirty- 



bursed between the 1st of Api-il. 1801, and the 1st January, 1809. 



lions seven hundred and fifty thousand dollars, reiin- 



$33,759,150 99 



Which sum consists of the following items, viz: 
The whole of the foi-eign debt, - " - - - - - - $10,336,108 05 

The whole of the loans formerly obtained fr-ora the Bank of the United States, and of the Navy six, five 

and a hall, four and a half, and eight per cent, stocks, . - - . - 12.537,600 00 

Annual reimbursements of the six per cent, and deferred stocks, - . . - 10,631.575 67 

Payment- ir various species of stock, for public lands, stock purchased, and unfunded debt reimbursed, 353,867 ^27 



$33,759,150 99 



27 



tt 



206 FINANCE. ' [1806. 



III. The debt remaining unpaid on the 1st day of January, 1809, will consist of the following species: 

Unredeemed amount of old six per cent, and deferred stocks, reimbursable only at the rate of eight 

per cent, a year (for principal and interest) on the nominal amount, - - - $27,142,357 31 

Three per cent, stock, - - - - 19,019,481 56 

1796 six per cent, stock, redeemable in 1819, -.--..- 80,000 00 

Louisiana stock, reimbursable in four annual instalments, in the years 1818, 1819, 1820, and 1821, 11,250,000 00 

Amounting, altogether, to near fifty-seven millions and five hundred thousand dollars, - - $57,491,838 77 



The liouisiana stock cannot be reimbursed before the period fixed by the contract. The gradual operation of the 
annual reimbursement will extinguish the old six per cent, in the year 1818, and the deferred stock in 1824; after 
which year the only remaining incumbrance will be the interest on the three per cent, stock, which, in its present 
shape, may be considered as irredeemable. Purchases cannot be relied upon, as the application of even an inconsi- 
derable sum would raise the stocks above the prices limited by law. It follows, that all the species of debt on which 
the entire annual appropriation of 8,000,000 dollars could operate, will have been reimbursed prior to the year 1809; 
that the remaining debt cannot, without some modifications, assented to by the public creditors, be more rapidly or 
completely discharged than is here stated; and that the annual payments on that account, will, after the year 1808, 
and prior to the year 1818, be reduced to the interest and annual reimbursement, amounting to near 4,600,000 dol- 
lars, as will more fully appear by the annexed table, marked G. 

IV. The revenue derived from customs during the year 1802, which was a year of European peace, was much 
less in proportion than that of any of the immediately preceding or following years, and yet exceeded ten millions 
of dollars. As it has been ascertained that the population of the United States increases at the rate of thirty -five 
per cent, in ten years, tiie revenue derived from customs for the year 1812, may be estimated at thirteen millions 
five hundred thousand dollars: to which, adding only five hundred thousand dollars, for the annual proceeds of the 
sales of public lands, will give fourteen millions of dollars for the total revenue of that year, or for the average re- 
venue ot the years 1809 — 1815. And this must be considered as a very moderate computation, since it does not in- 
clude the revenue derived from New Orleans; is predicated on the supposition that the wealth of the United States 
increases in no greater ratio than tiieir population; and does not exceed the sum, which, exclusively of the Mediter- 
ranean fund, was received last year into the treasury. 

The annual payments on account of the public ilebt will, during the same period, amount, as has already been 
stated, to 4,600,000 dollars. All the otiier expenses of the United States, whether domestic or foreign, of a civil 
nature, or for the support of the existing military and naval establishments, do not, at present, exceed 3,500,000 dol- 
lars. The total annual expenditure, allowing four hundred thousand dollars a year for contingencies, may, therefore, 
be estimated, after the year 1808, at eight millions and a half; which, deducted from a revenue of fourteen millions, 
will leave a nett annual surplus of five millions and a half of dollars. 

The question now recurs, whether a portion of that surplus would not be most advantageously employed in hast- 
ening the reduction of the debt.*' Whether some mode may not be devised, to provide, within a sliort period, forits 
final and complete reimbursement, and, thereby, release tiie public revenue from every incumbrance? This can only 
be effected by a modification of the debt, assented to by the public creditors; and a conversion of the old six per 
cent, deferred, and three per cent, stocks, on terms mutually beneficial, into a common six percent, stock, redeem- 
able within a limited time, has appeared the most simple and eligible, if not the only practicable plan, that can be 
adopted. For its details, a reference is respectfully made to a letter written in January last, to the Chairman of 
the Committee of Ways and Means, a copy of which, marked F, is annexed. It will only be necessary to state, 
that, if such a plan should be sanctioned by Congress, and accepted by the creditors, those several species of debt, 
amounting, on the 1st of January, 1809, to something more than forty-six millions of dollars, would be converted 
into a six per cent, stock, amounting to less than forty millions of dollars, which the coritinued annual appropriation 
of eight millions of dollars would (besides paying the mterest on the Louisiana debt) reimburse, within a period of 
than seven years, or before the end of the year 1815, as will appear by the table marked H. 

The total annual expenditure for those seven years, would then, allowing still 3,500,000 dollars for current ex- 
penses, and 400,000 dollars for contingencies, amount to something less than twelve millions of dollars; which, de- 
ducted from a revenue of fourteen millions of dollars, would still leave, after the year 1808, a clear surplus of more 
than two millions of dollars, applicable to such new objects of general improvement or national defence, as the Le- 
gislature might direct, and existing circumstances require. And, after the year 1815, no other incumbrance would 
remain on the revenue than the interest and reimbursement of the Louisiana stock, the last payment of which, in the 
year 1821, would complete the final extinguishment of the public debt. 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 
Treasury Department, December 5, 1806. 



1806.] 



STATE OF THE FINANCES. 



207 



A. 

S Statement exhibiting the amount of Duties ivhich accrved on Merchandise, Tonnage, Passports, and Clearances; 
of Debentures issued on the exportation of Foreign Merchandise; of Payments for Bounties and .^llowanceb. 
and for eocpenses of collection, during the years 1804 and 1805. 



1804 
1805 



Duties on 



Merchandise. Tonnage. 



30,374.053 29 
•23,601,709 56 



Passports & 
clearances. 



209,249 28 
215,731 20 



17,334 00 
18,951 00 



Debentures 
issued. 



6,686,483 00 
8,955,745 00 



Bounties 8c 
allowances. 



192,741 51 
190,674 04 



Gross revenue. 



13,721,412 06 
014,689,975 72 



Expenses on 
collection. 



484,895 85 
554,836 76 



Nett revenue. 



13,236,516 21 
14.135,138 96 



a Gross revenue for the year 1805, $14,689,975 72 

Deduct interest and storage, - 13,258 96 

Gross revenue, per statement B, $14,676,716 76 



Note.— The difference between the above statement, 
for the year 1804, and that rendered to Congres.'^ hist 
session, arises from accounts being inchided in the 
above, which were not received at the time the state- 
ment rendered hist session was made out. 



Jl Statement of the amount of Ancrican and Foreign Tonnage, employed in Foreign Trade, for the year 1805. as 

taken from the records of the Treasury. 



American tonnage in foreign trade, -..-... Tons, 

Foreign tonnage. -----...- 

Total amount of tonnage employed in the foreign trade of the United States, 

Proportion of foreign tonnage to the whole amount of tonnage employed in the foreign trade 
of the United States, ----.-_-, 



922,298 

87,843 

1.010,141 



8.7 to 100 



Treasury Department, Register'' s Office, November 27, 1806. 



B. 



JOSEPH NOURSE, Register. 



A Statement exhibiting the value and quantities, respectively, of Merchandise, on which duties actually accrued 
during the year 1805, (consisting of the difference between articles paying duty, imported, and those entitled to 
draivback, re-exported) and, also, of the nett revenue which accrued during that year, from duties on Merchan- 
dise, Tonnage, Passports, and Clearances. 



Goods paying duties ad valorein. 












33,506,584 dollars, at 12;| per cent. 


- - _ 


$4,188,323 00 






7,248,627 do. 15 do. 


. 


1,087,294 


05 






405,470 do. 20 do. . . . 


- 


81,094 


00 






Additional duty on $41,537,612, at 2^ per cent. 




(./?)1,038,440 


30 






41.160.681 


6,395,151 
2,232,901 


35 

85 




(a) Spirits, 7,641,207 gallons, at 29.2 cents, average, 




(6) Sugar. 68,046,865 pounds, at 2.6 do. do. 


- 


1,746,979 


85 






(c) Salt. 2,816,455 bushels, at 20 do. 


- 


563.291 


00 






(rf) Wines, 2,604,611 gallons, at 30.5 do. average. 


- 


793,794 


85 






(e) Teas, 3,354,381 pounds, at 19.9 do. do. 


- 


669,190 


37 






Coftee. 4,816,274 do. at 5 do. 


- 


240.813 


70 






Molasses, 9,226,446 gallons, at 5 do. 


. 


461,322 


30 






(/) All other articles, - . - - - 




764,165 


84 








13,867.611 


11 




Deduct duties refunded, after deducting therefrom duties 


collected on mer- 










chandise, the particulars of which could not be ascertained, and differ- 










ence in calculation, ----- 


- - - 


26,661 


88 


$13,840,949 


2;{ 








35 per cent, retained on drawbacks, 


.. 


- 


- 


328,144 


79 


Extra duty of 10 per cent, on merchandise imported in forei 


gn vessels. 






202,937 


54 


Nett amount of duties on merchandise, - 


14,372,031 


56 


Duties on tonnage. . _ . . . 


- 


156,430 


35 






Light money, ------ 


- - _ 


59,300 


85 


215,731 


20 








Duties on passports and clearances. 








18,954 


00 




14.606,716 


76 


Sundry accounts not yet received, estimated at 


; ; ; 


; 


: 


70,000 


00 


Gross revenue, as per statement A. - - 


14,676,716 


76 


Deduct expenses of collection, - - - - 


. 


- 


- 


554,836 


76 


Nett revenue, 


$14,121,880 


00 



208 



FINANCE. 



[1806. 



Explanatoi-y Statements and Notes. 



( J?) Additional duty of 2i percent. - 

3§ per cent, retained on drawbacks, - , . "^ . " , 

Extra duty of 10 per cent, on merchandise imported in foreign vessels, 



(a) Spirits — Grain, 



1st proot, 317,954 gallons, at 28 cents, 



2d 


8,347 


29 


3d 


32,406 


31 


4th 


57,544 


34 


5th 


1,723 


40 


Cth 


43 


50 


Other materials, 1st & 2d 


1,137,012 


25 


3d 


3,061,619 


28 


4th 


2,995,394 


32 


5th 


29.159 


38 


6th 


106 


46 



7,641,207 



(ft) Siisar — Brown, 
White, 



58,885,220 pounds, at 2^ cents, 
9,161,645 3 



68,046,865 



(c) Salt, imported, bushels of 56 pounds 

Exported, ; - 12,503 

Amount of bounties and allowances, 
$190,674 04, reduced into bushels 
at the present rates, - 953,370 



3,782,328 



965,873 



Paying duty, bushels of 56 pounds, 



2,816,455, at 20 cents. 



(rf) Wines — Madeira, 1st quality, - 

Do. 2d quality, - 2,909 

Sherry and St. Lucar, 303,135 

Oporto and Lisbon, - 293,734 

Burgundy and Champaigne, 3,931 

Tenerifte, Fayal, and Malaga, 816,621 

Other, in bottles, - 66,692 

Do. in casks, - 911,430 



206,159 gallons, at 58 cents, 
50 
40 
30 
45 



28 
35 
23 



2,604,611 



(e) Teas— Bohea, - - 461,516 pounds, at 12 cents, 

Souchong, - - 1,144,223 18 

Hyson, - - 478,924 32 

Other gieen, - - 1,269,718 20 
Extra duty on teas imported 
from other places than India, 

3,354,38! 



$1,038,440 30 
6,647 72 
6,227 15 



$1,051,315 17 



$89,027 12 

2,391 63 

10,045 86 

19,564 96 

689 20 

21 50 

284,253 00 

857,253 32 

958,526 08 

11,080 42 

48 76 



(12,232,901 85 



$1,472,130 50 
$274,849 35 



$1,746,979 85 



$563,291 00 



H 19,572 22 

1,454 50 

121,254 00 

88,120 20 

1,768 95 

288,653 88 

22,342 20 

209,628 90 



$793,794 85 



$55,381 92 
205,960 14 
153,255 68 
253,943 60 

649 03 

$669,190 37 



1806.] 



STATE OF THE FINANCES. 



209 



Explanatory SUttenirnls ami .Vo/e*— Continucc 


. 


' 




QUANTITIES. 


RATI- 
OF 


i EXCESS OF 
DUTIES 


EXCESS 
O!' DRAW- 




(/) ALL OTHER ARTICLES. 












Excess of 


Kxcess of 


DUTY. 


OVER DRAW- 


IJACK 








importa- 
tion over 


cx])ort:ition 
over iniport- 




BACK. 


OVER DU- 
TIES. 














exportation. 


.ition. 


Cents. 








Domestic spirits from doiriestic produce 


, gallons, 


1,3.39 


, 


7 


i $93 73 






Beer, ale, and porter. 


do 


209.G39 


- 


8 


16.771 12 






Cocoa, - - - - 


pounds, 


2.119,057 


- 


2 


1 42,393 14 






Chocolate, 


do 


4,285 


- 


3 


128 55 






Sugar candy. 


do 


826 


- 


lU 


j 94 99 






Loaf, 


do 


780 


- 


9 


! 70 20 






Other refined, 


do 


237 


- 


6d 


15 41 






Vlmonds, 


do 


114,202 


- 


2 


2,884 04 






Currants, 


do 


41,378 


- 


2 


827 56 






Prunes and plums. 


do 


107,907 


- 


o 


3,358 14 






Figs, - - - - 


do 


220,054 


- 


2 


4,401 08 






Raisins, in jars, and niuscadel. 


do 


850,288 


- 


2 


17,005 76 






Other, 


do 


1,971,201 


- 


U 


29,568 02 






Candles, tallow, - 


do 


91,175 


- 


o 


1.883 50 






Wax, - 


do 


2,403 


- 


6 


147 78 






Cheese, 


do 


77,210 


- 


7 


5,404 70 






Soap, . - - 
Tal ow, - - - 


do 


215,259 


- 


o 


4,305 IS 






do 


478,651 


- 


u 


7,179 77 






Mace, 


do 


10,071 


- 


125 


12,588 75 






Nutmegs, 


do 


25,967 


- 


50 


12,983 50 






Cinnamon, - . . 


do 


14,911 


- 


20 


2.982 20 






Cloves, - - . 


d(» 


47,771 




20 


9,554 20 






Pepper, - - - 


do 




602,970 


6 


- 


36,178 20 




Pimento, - 


do 


6,339 


- 


4 


253 56 






Chinese cassia. 


do 


75,795 


- 


4 


3,031 80 






Tobacco, other than snutt"ar)d cigars, - 


do 


4,544 




6 


272 61 






Snuft', 


do 


6,552 




10 


655 20 






Indigo, 


do 


86,411 


- 


25 


21,602 75 






Cotton, - - 


do 


71,077 


- 


3 


2,132 31 






Powder, liair. 


do 


5,748 


- 


4 


229 92 






Gun, 


do 


653,321 


- 


4 


26,132 81 






Starch, . . . 


do 


8,720 


- 


3 


261 60 






Glue, 


do 


32,812 


- 


4 


1.312 48 






Pewter plates and dishes, - 


do 


67,949 


_ 


4 


2.717 96 






Anchors and slieet iron, 


do 


742,287 


- 


H 


11,134 30 




Hoop and slit iron. 


do 


169,525 


- 


1 


1,695 25 






Nails, 


do 


3.503,379 


- 


.> 


70,067 58 






Spikes. 


do 


457,189 


- 


1 


4,571 89 


1 


Quicksilver, - 


do 


91,864 


- 


(J 


5,511 84 




Ochre, yellow, in oil, 


do 


22,168 


- 


u 


332 52 






Dry, yellow, 


do 


175,012 


- 


1 


1,750 12 






Spanish brown, - - - 


do 


682,429 




1 


6,824 29 






White and red lead, 


do 


2,139,256 




2 


42,785 12 






Lead, and manutactures of leatl, 


do 


4,448.935 


- 


1 


44,489 35 






Seines, 


do 


4,849 


- 


4 


193 96 






Cordage, tarred, - 


do 


790,615 


- 


2 


15,812 30 






Untarred, 


do 


60,871 


_ 


24 


1,521 78 






Cables, 


do 


02.653 


- 


o 


1,253 06 






Steel, 


cwt. 


9,717 


- 


100 


9.717 00 






Hemp, - - - 


do 


115.725 


_ 


100 


115,725 00 






Yarn, untarred. 


do 


- 


1 


225 


- 


2 25 




Twine and pack-thread. 


do 


3,096 


- 


400 


12,384 00 






Glauber salts. 


do 


447 


- 


200 


894 00 






Coal, - 


bushels. 


498,543 


- 


5 


24.927 15 






Fish, dried. 


quintals. 


141,847 


. 


50 


70.923 50 






pickled, salmon. 


barrels. 


6,832 


- 


100 


6,832 00 






Mackerel, 


do 


10,163 


_ 


60 


6.097 80 






AH other, 


do 


10,501 


- 


40 


4,200 40 






Glass, black quart bottles, - 


groce. 


15,174 


- 


60 


9,104 40 






Window, not above 8 by 10, ■ 


100 sq. ft. 


20,429 




160 


32,686 40 






Do do 10 by 12. - 


do 


4,619 


- 


175 


8,083 25 






Do all above 10 by 12, - 


do 


5,081 


- 


225 


11,432 25 






Cigars, 


M. 


16,492 


- 


200 


32,984 00 






Lime, - - - 


casks. 


598 


- 


50 


299 00 






Boots, - - - 


pairs. 


2,447 


- 


75 


1,835 25 






Shoes, silk. 


do 


9,224 


- 


25 


2,306 00 






All other, for men and women. 


do 


34,993 


- 


15 


5.248 95 






Children, 


do 


302 


_ 


10 


.30 20 






Cards, wool and cotton, 


dozens. 


1 


- 


50 


50 






Playing, 


packs. 


13,790 


- 


25 


3.447 50 








300.346 29 


36.180 45 














764,165 84 



Treasury Department. JRegisler'^ OJficr, November '21 th. 1806. 

.lOSEPH NOCRSE. Re^-ister. 



210 



FINANCE. 



[1806. 



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1806.] 



STATE OF THE FINANCES. 



211 



Statement C — Continued. 
Estimate shoiv'mg when the instalments lohich compose the balance due frotn individuals ivill become payable. 



OFFICES. 


Remaining' due 
in 1806. 


Becoming' due 
in 1807. 


Becoming' due 
in 1808. 


Becoming due 
in 1809. 


Becoming due 
in 1810. 


TOTAL 
IlALAStE. 


Marietta, 
Zanesville, 
Steubenville, - 
Cliillicotlie, - 
Cincinnati, 


$2,147 09 
17,394 85| 
224,391 24i 


$6,020 25| 
31,185 50| 
201,617 934 
151,021 22| 
211,253 05^ 


$7,775 09i 

51.470 36i 

190,393 364 

152,307 88| 

251,296 59| 


$4,016 94.i 
42,621 99 

126,689 864 
93,196 264 

223,787 79| 


$2,527 97 
17,015 494 
30,656 084 
21.366 06| 
* 185,404 624 


$22,487 35| 
142,293 36| 
566,752 lOi 
417,891 44^ 
1,096,133 32 




243,933 18^ 


601.097 W 


653,243 3li 


490,312 85| 


256.970 23| 


2,245,557 58^ 



* Of this sum, $57,738 75 is due 31st December, 1811. for the last instalments of pre-emption sales. 
Treasury Department, Register's Office, December, 1806. 



.in estimate of the principal redeemed of the Debt of the United States, from \st October, 1805, to 30th September, 
1806, inclusive; showing the redemption of the principal of the said debt, from 1st Jlpril, 1801, to 30th Septem- 
ber, 1806. 



On account of the Domestic debt. 

The amount of warrants issued on the Treasurer of the United 
States, on account of the interest of the domestic debt, and of the 
reimbursement or purchases of the old six per cent, and deferred 
stocks, from 1st Oct. 1805, to 30tli Sept. 1806, was $4,476,047 88 

Deduct interest which accrued during tlie same pe- 
riod, calculated quarter-yearly, 3,154,343 16 

From which deduct gain on pur- 
chases,- - - - - 437 9G{b.J 

3,153,905 20 



Reimbursement of the Navy six per cent, stock. 

Payments made in certificates of the debt of the United States, on 
account of lands, ------- 

Payments made to foreign officers, and for certain parts of the do- 
mestic tiebt, -------- 

Payments on account of the domestic loans, ... 

On account of the Foreign debt. 

The amount of warrants issued on the Treasurer, exclusive of 
$5,950 repaid into the treasury, and $5,668 52, the commissions to 
agents purchasing bills of exchange, was - $1,803,765 06 

Deduct interest accruing tliereon, viz: 

On the Dutch debt, including commissions 



and charges 
On the Louisiana stock, including com- 
missions 



Deduct gain on exchange, 



$115,474 00 

678,073 50 

793.547 50 
37,430 21 



756.117 29 



Redemption 
from 1st Octo- 
ber, 1805, to 
30th Septem- 
ber, 1806. 



a. 1,322, 142 68 
711,700 00 

167,400 35 

222 26 



1,047,647 77 



3,249,113 06 



Redemption 
from 1st April, 
1801, to 30th 
Sept'r, 1805, 
per the Secre- 
tary's report of 
the 9th Decem- 
ber, 1805. 



5,157.603 16 



94,617 81 

74,109 24 
3,440,000 00 



9,188,460 28 



$17,954,790 49 



Total principal 
redeemed, from 
1st April, 1801, 
to 30th Septem- 
ber, 1806. 



6,479,745 84 
711,700 00 

262,018 16 

74,331 50 
3,440,000 00 



10,236,108 05 



$21,203,903 55 



(«.) Viz: Six per cent, and deferred stocks purchased. 
On account of reimbursement of do. 



{b. ) The unredeemed amount of six per cent, and deferred stock purchased, was. 
Paid for at 97^ per cent. ...... 



Gain, 



§17,517 61 
1,304,625 07 

§1,322,1 42 68 

$17,517 61 
17,079 65 

§437 96 



Treasury Department, Register's Office, ilth November, 1806. 

JOSEPH NOURSE, Register. 



212 FiNANCE. [1806. 



E. 

At r. mectins of the Commissioners of tiie Sinking Fund, on the 28th day of April. ISOG — 

Present: James Madison, Secretary of State. 

Albert Gallatin, Secretary of the Treasury. 
John Breckenridge, Attorney General. 

The Secretary of tlie Treasury laid before the Board a report, dated the 26th April, 1806, which was read, and 

"That tiie current payments to be made by the commissioners of the sinking fund, during the year 1806, are esti- 
mated as followeth. viz: 

Reimbursement and interest on the domestic debt, .---... $4,585,000 

Instalments and interest on the Dutch debt, payable from 1st January, to the 1st June, 1807, and 

which must, therefore, be remitted in 1806, -------- 1,004,032 

One year's interest on the Louisiana stock, ---.-..- 678,375 

Amounting, altogether, to - $6,867,407 
And leaving, in order to complete the annual appropriation of eight millions of dollars, a sum es- 
ceeding^one million seven hundred and thirty thousand dollars, (exclusively of the interest 
which may be redeemed by the payment of said sum) to be applied in such manner as tiie Board 
shall direct. -------- 1.732,593 

$8,000,000 



That the said sum may be applied either to reimbursements or purchases of the public debt. 

That the only portions of the debt which may be reimbursed, are: 
The Navy six per cent, stock, amounting to - ------- $711,700 

The five and a half per cent, stock, amounting to - ------- 1,847,500 

And the four and a half per cent, stock, amounting to ------- 176,000 

And that it is now submitted, whether, previous to advertising the reimbursement of tlie five and a half per 
cent, stock, it might not ue advisable to ascertain whether a more advantageous application may be effected by pur- 
chases in the manner authorized by law.*' 
Whereupon, it was Resolved. 

1 . That the sum, which., after making the current payments mentioned in the preceding report, shall remain to com- 
plete the annul appropriation of eight millions of dollars, be applied in the following manner, viz: first, to the pur- 
chase of the eight per cent., olil six per cent., and deferred stocks, at a price not exceeding the rates fixed by law; 
"iving the preference, in the first place, to the eight per cent., and. in the next place, to the deferred stock, provid- 
ed that the President of the United States shall assent to such application; and, secondly, in case that a sufficient 
quantity of stock cannot be purchased, to the reimbursement of the navy six per cent, stock, and, at the option of 
the Secretary of the Treasury, either to the reimbursement of the five and a half per cent, stock, or of so much of 
the bill- drawn on the treasury, by the minister of the United States at Paris, in conformity with the convention 
between France and the Unitetl States, of the 30th of April, 1803, as will be necessary to complete the payment of 
the said eight millions of dollars. 

2. That the Treasurer of the United States be the agent,under the superintendence ot the Secretary of the Trea- 
sury, for making the said purchases; that the said purchases be made by receiving sealed proposals for any sums 
which may be oftered; and that the said agent forthwith advertise to receive such proposals, until the 13t]i day of 
June ni'Xt, inclusively. • , • . 

3. That notice of the reimbursement of such stocks as may be reimbursed, be given by the Secretary of the Trea- 
sury, prior to tlie 1st day of July next, and that the date of reimbursement be, at his option, either the 1st day of 
October, or the 1st day of January next. 

JAMES MADISON, Secretary of State. 
ALBERT GALLATIN. Secretary of ths Treasury. 
JOHN BRECKENRIDGE, .Attorney General U. S. 
Attest, 
Edward Jones, Secretary lo the Commissioners of the Sinking Fund. 

F. 

Treasury Department, ./rt7i;/«?'v 20//;, 1806. 

I had the honor, in my letter of the 28tli ultimo, to suggest that a conversion of the old six per cent, ileferred, 
and three per cent, stocks, into a new six per cent, stock, would promote the intention of the Legislature to extin- 
guish, within a fixed r^i-iiod, the whole debt of the United States. For a better understanding of the subject, a re- 
capitulation of the Several species of stock, which, on the first day of this year, constituted the public debt, is neces- 
sary. The first class embraces the several species of debt, reimbursable on or before the 1st clay of January, 1809, 

viz: 

I. Dutch Debt. 

The amount of principal remaining unpaid on the 31st of December, 1805, Guilders, 5,500,000 

Of which there had been remitted^ previous to that day, in addition to the interest of the 
year 1806, a sum more than sufficient to discharge all the instalments payable in the 
same year, and amounting to, -------- 2.000.000 

Leaving for the balance of principal unprovided for, ... - - - 3,500,000= $1,400,000 

Nine hundred and twenty thousand dollars of that sum fall due in tlie year 1807, and 

the residue is payable in two equal instalments, of 240,000 dollars each, on the 1st days 

of February, 1808 and 1809. The whole amount, therefore, will have been paid by the 

treasury, before the end of the year 1808. 

II. Right per cent, stock, irredeemable till after the year 1808. 
The original amount of that stock was --.---- $6,480,400 

Of which h;id been paid, in payment fi)r public lands, piior to the 1st of January, 1806, - 50,900 

Leaving the amount unredeemed, -_ - - - - - - - 6,429,500 

Partial purchases may, perhaps, be effected within the limitations prescribed by Congress, 

during this and the two ensuing yeai-s; and, at all evL-nts, the whole will be reimbursed 

on the 1st day of January, 1809. 

III. Debts rcimbursatjle at the pleasure of the United States, 7nz: 
Navy six per cent stock, - ------- 711.700 

Five and a half do. -------- - 1,847.500 

Four and a half do. -------- - 176,000 

. .. 2.735.200 

0,564,700 



1806.] STATE OF THE FINANCES. 213 

Which will also be reimbursed before the year 1809, unless the price of stocks should ren- 
der it more advantageous to purchase some other species of debt. 

The second class consists of debts payable at more distant periods, wich it tloes not appear 
practicable to anticipate, viz: 

I. 1796 six per cent, stock, redeemable in 1810, ---.-. 80,000 

II. Louisiana stock, redeemable in four annual instalments, the first of vvhicli is payable 

in 1818, ' - - - ' - - - - - - 11,250,000 



'Ilie old six per cent, deferred, and three per cent, stocks constitute the last class, ami 

amount to the following sums: 
The nominal amount of six per cent, is .._-.-.- 28,180,000 

Of deferred do. ..------ 13,GG0,000 



11,330,000 



Of which has been redeemed, by the annual reimbursement of eight per cent, on account 

of principal and interest, (omitting fractions) viz: 
On the six per cent, stock, at the rate of 30. IG per 100 dollars, - - 8,500,000 

On the deferred stock, at the rate of 1 1.30 per 100 dollars, - - - 1,510,000 



•11,840,000 



10,040,000 



Leaving the unredeemed amount on 1st January, 1806, (in round numbers) - - 31,800,000 

The nominal amount of three per cent, (in round numbers also) ' - - 19,050,000 



50,850,000 



Total amount of the public debt, - . ^ . . - $72,741,700 



Although the old six per cent, and tielerred stocks are still considered as a six per cent, stock, they are both, in 
fact, an annuity of eight per cent, on the original nominal amount, which, extinguisliing the principal by degrees, 
will cease for the old six per cent, in the year 1818, and for the deferred in 1824. A certificate of six per cent, 
stock, of one hundred dollars nominal, was consideretl, on the 1st January, 1806, as equal to sixty-nine dollars and 
ninety four cents, real six per cent, stock, because thirty dollars and sixteen cents of the principal had been dis- 
charged by the annual reimbursement of eight per cent., instead of which, it was, properly speaking, an annuity of 
eight dollars for twelve years and something less thari nine months. And in the same manner, a certificate of de- 
ferred stock, of one hundred dollars nominal, was considered as equal to eighty-eight dollaisand seventy cents, real 
six per cent, stock, instead of which, it was, strictly speaking, an annuity of eight dollars for eighteen years and 
something less than nine months. 

The proposition now submitted to the Committee of Ways and Means is, that, in exchange for the present six per 
cent, and deferred, a common six per cent stock shall be otVered to the public cretlitors, equal in amount to the un- 
redeemed amount of the present stocks, and redeemable at the pleasure of the f'nited States: Provided, however, 
that no partial payment shall be made on atiy new ceititicate or credit, but that Government shall be obliged to re- 
imburse, at a single payment, the whole amount of each such new certificate or ciedit, and to give previous reasona- 
ble notice of such intendcil reimbursement. Although peculiar circumstances may prevent a gener.alacceptance of 
that proposal, die exchange would certainly be advantageous to the creditors. Uecause, 1st, it is dilficult to calcu- 
late, and inconvenient to reinvest, four times in each year, the portion of principal reimbursed, which niakes part 
of the quarterly dividend: and every stockholiler who does not fully thus reinvest, insensibly consumes his capital. 
2dly, an annuity for a limited term of years is uniformly sold at market for a price less than its intiinsic or arith- 
metical worth, as may be exemjilified by the market value of every lease, and ofevery estate, less than the absolute 
fee. For that reason, the Navy six per cent., which is redeemable at the pleasure of the United States, has always 
been worth, at market, something more than the old six per cent, and deferred stocks; and these, in England, do not 
even command a higher price than the American five and a half per cent, stock, which is, also, redeemable at will. 
3dly, the time and manner in which the new stock would be reimbursed, would, as far as it is practicable, prevent 
any great fluctuation in its price, and fix its market value at par. 

"The exchange would also be advantageous to the public. 1st, Because Government will, thereby, be enabled to 
reimburse the whole in less that nine years instead of eighteen. And, 2dly, because, supposing that circumstances 
should render a resort to loans necessaiy, the terms on which these may be obtained, will, in a considerable ilegree, 
depend on the price of the existing stocks. It is, therefore, desirable that that species, the price of which has a ten- 
dency to regulate that of all otiiers, should be as valuable as its rate of interest will admit: and it has already been 
stated, that the present six per cent, and deferred stocks, being an annuity for a numbei- of years, are generally 
worth less than their intrinsic value. It is believed that that effect was sensibly felt in the operations connected 
with the purchase of Louisiana. 

The advantages of the proposed conversion being reciprocal, no sacrifice should be made by the United States, in 
order to ensure the assent of the public creditors: those who may refuse it, will continue to receive the eight per cent, 
annuities, and these will, as has been stated, cease in the years 1812 and 1S18. It appears, however, proper that 
such remaining annuities should be designated by their proper name, instead of carrying on the face of the certifi- 
cates of stock, the deceptive appearance of a six per cent, stock. The annexed printed table, exhibiting the amount 
of principal redeemed on the first day of each quarter, shows the difficulty to persons not well versed in those trans- 
actions, of calculating the true nominal \A\nQ or unredeemed amount of a stock which is perpetually diminishing, 
whilst its apparent nominal Awwwwi still remains the same. It may easily be understooci, how it may, in some in- 
stances, happen, that the stockholder consumes his principal, whilst he supposes that he is only living on the inter- 
est: and how it does sometimes happen, that ignorant purchasers, thinking that the whole apparent nominal amount, 
as expressed on the face of the certificate, is still due by the United States, are induced to pay for stock more than 
its real value. 

It is, tlierefore, proposed, that it should be enacted by law, that, in every case, vyhere it shall be necessary to issue 
new certificates, either in lieu of such as may be lost or destroyed, or by reason of a transfer of the property itself, 
or from the books of one office to those of another, the new certificate shouhl, on the face thereof, express the true 
amount of the annuity due, and of the time when it shall cease, instead of stating, as at present, the nominal amount 
of the stock which was originally due. 

A conversion of the three per cent, into the six per cent, stock cannot be so easily effected; nor, indeed, witliout 
some apparent sacrifice on the part of the United Slates. 

A three per cent, will always be worth more at market than a six per cent, stock, which produces an equal in- 
terest — 

1st. Because there is a possibility that its nominal amount may ultimately be reimbursed. 

2(lly. Because, supposing it to be a perpetual annuity, the principal of which shall never be reimbursed, its mar- 
ket price is regulated, not only by the legal or market rate of interest in America, but but by the price of similar 
foreign stocks, and by the demand lor American stocks in foreign countries. More than eleven millions of dollars 
(d' the American three per cent, stock are held by persons residing in England, Holland, and othur foreign countries. 
That stock is never worth less than sixty per cent, of it nominal amount, when the old six per cent, stock is at par. 
It cannot, therefore, be expected, that the holders will assent to any modification w^hich will not secure to them ad- 
vantr.ges at least equal to those they now possess; and the question to be decided by the committee and by Congress, 
is, whether that debt shall, henceforth, be considered as a perpetual incumbrance on the nation, o; whether such a 
compensation >:hall be offered to the creditors, as may induce them to accept a conversion which will secure the ob- 
£8 tt 



o;|.4 FINANCE. [1806. 



ject heretofore contemplated — the total extinguishment of the American debt. It may not be improper to add, that, 
even to those who may think the accomplishment of that object either unimportant or impracticable, the taking into 
consideration such a state of things as m;iy render new loans necessary, the existunce of a three per cent, stock is in- 
eligible. To a nation already incumbered with an immense debt, and subject, on account of her relative situation, 
to peace and war establishments of great magnitude and corresponding expense, the annual sum which it may be ne- 
cessary to pay, in order to obtain extraordinary resources, becomes the primary consideration; and that species of 
stock wliicn, in proportion to its rate of interest, is the most valuable at market, will naturally be created. The po- 
litical anil geogruphical situation of the United States permits at least a hope, that, under every contingency, the 
reimbursement of the debts which may necessarily be incurred, will, at a subsequent period, be attainable, and that 
the principal will not be increased for the sake of diminishing the intermediate payments ot interest. As the ulti- 
mate value which a three per cent, stock may reach at market, has natural limits, and the probability of its reaching 
that value rests on uncertain contingencies, it is presumable that the assent of the creditors may be obtained on 
reasonable terms, and no greater sacrifice should certainly be made than the advantages expected from the operation 
will justify. In appreciating the value of the new six per cent, stock, which the creditors would receive, not only 
its nominal amount, but also the additional annuity which will be payable till the stock shall be reimbursed, must 
be taken into consideration. It will, on that account, be eligible to provide that it shall not be redeemable till after 
all the ciglit, five and a half, four and a half, and Navy six per cent, stocks, as well as all the stock which may be 
created in exchange of the old six per cent, and deferred stocks, siiall have been reimbursed — a period which, sup- 
posing no adverse circumstances to intervene, may be estimated at about eight years. Thus, supposing the three 
per cent, to be converted into a six per cent, stock, at the rate of sixty per cent, of its nominal amount, the creditor 
would, at the end of eight years, receive sixty dollars, and, in the meanwiiile, an annuity of three dollars and sixty 
cents, instead of three dollars, which he now receives; both which provisions may be considered as nearly equal to 
a redemption at the rate of sixty-five dollars. It may be added, that this new stock would be worth more at 
market tnan the six per cent, created in exchange of the old six per cent, and deferred, and probably more than par. 
ilie Louisiana stock, which is irredeemable for twelve years, is now worth, in England, one hundred and five, 
whilst the old six per cent, is only at ninety five per cent. Whatever reasonable rate may be paid for the proposed 
conversion, the United States will provide, at a fixed price, for the redemption of the debt; and the creditor, besides 
receiving an intei mediate additional interest, will exciiange the uncertain contingency of a supposed increase of 
value for the certainty of a reimbursement, greater than the highest price \yhich the tiiree per cent, stock has ever 
yet readied. It has already been stated, that more than eleven millions of dollars of the three per cent, stock, are 
held by persons residing in foreign countries. About fourteen millions of the unredeemed amount of the six per 
cent, and deferred stocks, are in the same situation. As it will be more difficult to obtain the assent of that class 
of stock holders, particularly as relates to the three per cent, stock, it might also be agreed that the interest due to 
them on the new stock, should, like that on the Louisiana stock, be paid in Europe — a provision which, without 
costing much to the United States, will be a strong inducement in favor of the proposed modifications. Nor would 
it be impracticable to provide for an exchange of certificates in Europe, which would remove the objection arising 
from the delays and dangers incident to a double transmission of papers across the Atlantic. Some subordinate 
details may be introduced in the law; but these outlines will be sufficient to convey an idea of the plan which 
appears to be the most simple and cheapest mode of effecting the object contemplated. Still it is less the plan thus 
respectfully submitted, than the subject itself, which I have been desirous of bringing under the consideration of the 
committee. Although an ample appropriation has been made for the extinguishment of the whole of the public debt, 
the nature of tiie greater part of the stock will, unless some modification shall be obtained, prevent or considerably 
retard the accomplishment of that object. If no alteration shall take place in the nature of that stock, the Commis- 
sioners of the Sinking Fund will, after the year 1609, have no other means of applying near one-half of the annual 
appropriation, than by making purchases. Annual purchases to the amount of near four millions of dollars, would 
necessarily raise the old six per cent, and deferred stocks above par, and the three per cent, stock to the highest 
price of which it is susceptible. As a necessary consequence, the commissioners would cease to purchase; and 
without any real advantage being obtained by the creditors, the United States would continue to be encumbered, for 
a number of years, with the eight per cent., and in perpetuity with the three per cent annuities. Years, perhaps the 
most favorable for the extinguisliment of the debt, would elapse, and periods might follow when the pressure of 
the annual payments would be sensibly felt. To improve the present time, appears the most provident course; will, 
it is believed, conform with the public opinion; and is most consistent with the former acts of the Legislature. 

I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 

Hon. John Randolph, Chairman of the Committee of Ways and Means. 



1806.] 



STATE OF THE FINANCES. 



215 



STATEMENT F-Continued. 

Table showins^ the amount of princlml {on the calcnhillnn of one hundred dollars) redeemed at certain quarter' 
yearly periods, until its final extinction, by the United States, of their stock bearing an interest of six per cent 
per annum, arising from the payment of dividends of eight per centum per annum, under the provisions of 
sundry acts of Congress. 







Amount redeem'd. 




Amount redeem'd. 




Amount redeem'd. 


Amount redeem'd. 


January 1, 1796, - 


1802 


2 


1808 


16.857.635.349 


1814 


38.096.666.858 


1820' 68.457.922.123 


April, 


- 


2.3 


- 


17.110.499.879 


- 


38.668.116.860 


- ! 69.484.790.955 


July, 


- 


2.060.45 


- 


17.367.157.377 


- 


39.248.138.613 


70. .527. 062. 819 


October, 


- 


2.091.356.75 


- 


17.627.664.737 


- 


39.836.860.693 


. 


71. .584. 968. 761 


January 1, 1797, - 


1803 


4.122.727.101 


1809 


19.892.079.708 


1815 


42.434.413.603 


1821 


74.658.743.293 


April, 


- 


4.184.568.008 


- 


20.190.460.904 


- 


43.070.929.807 


. 


75.778.624.442 


July, 


~ 


4.247.336.528 


- 


20.493.317.817 


- 


43.716.993.754 


. 


76.915.303.809 


October, - 


~ 


4.311.046.576 


- 


20.800.717.585 


_ 


44.372.748.660 




78.069.033.366 


Januarj' 1, 1798, - 


1804 


6.375.712.274 


1810 


23.112.728.348 


1816 


47.038.339.890 


1822 


81.240.068.866 


April, 


- 


6.471.347.958 


- 


23.459.419.273 


- 


47.743.914.989 


. 


82.4.58.669.899 


July, 


- 


6.568.418.178 


- 


23.811.310.563 


- 


48.460.073.713 


. 


83.695.549.948 


October, - 


- 


6.666.944.450 


- 


24.168.480.221 


- 


49.186.974.819 




84.950.983.197 


January 1, 1799, - 


1805 


8.766.948.617 


1811 


26.531.007.424 


1817 


51.924.779.441 


1S23 


88.225.247.945 


April, 


- 


8.898.452.846 


- 


26.928.972.536 


- 


52.703.651.133 




89. .548. 626. 664 


July, 


- 


9.031.929.639 


- 


27.332.907.124 


- 


53.494.205.900 


. 


90.891.856.064 


October, - 


- 


9.167.408.583 


- 


27.742.900.730 


- 


54.296.618.988 


. 


92.255.233.904 


January 1, 1800, - 


1806 


11.304.919.712 


1812 


30.159.044.241 


1818 


57.111.068.273 


18'^4 


95.639.062.413 


April, - - 


- 


11.474.493.508 


- 


30.611.429.905 


- 


57.967.734.297 




97.073.648.349 


July, 


- 


11.646.610.910 


- 


31.070.601.354 


- 


58.837.2.50.311 




98.529.753.074 


October, 


- 


11.821.310.074 


- 


31.536.660.374 


_ 


59.719.809.066 




100 


January 1, 1801, - 


1807 


13.998.629.725 


1813 


34.009.710.279 


1819 


62.615.606.202 






April, 


- 


14.208.609.171 


- 


34.519.855.933 


_ 


63.554.840.295 






July, 


- 


14.421.738.308 


- 


35.037.653.773 


- 


64.508.162.899 






October, 




14.638.064.383 




35.563.218.579 


~ 


65.475.785.343 







Amount due July 1st, 1818, - - . $1,470,246,926 

Interest thereon, ..... 22,053,703 

Amount of last payment, payable 1st October, 1818, .^nd 1824, $1,492,300,629 

The re.al valiie of one hundred dollars, nominal, will bo found by deducting' the amount redeemed in any one quarter, from 
one hundred nominal dollars expressed in the stock bearing- interest at six per cent. 



G. 

V? Table of the annual payments to be made on account of the Public Debt, from the year 1809 to the year 1824, 

if no modification of the same shall take place. 





Interest and re 


mbursement of 


6 per cent, stock 
of 1796. 


Louisiana stock. 


Interest on 


Total in each 


YEARS. 










three per 
cent, stock. 


year. 












Interest 








Six perct. stock. 


Deferred stock. 


Inter'st 


Principal. 


and 


Principal. 
















charg-es. 










Dolls, cts. 


Dolls. Cts. 


DoUs. 


Dolls. 


Dollars. 


Dollars. 


Dolls. Cts. 


Dolls. Cts. 


From 1809 to 1817, 


2,251,492 11 


1,092,655 93 


4.800 


- 


680,000 


- 


570,583 25 


4,599,531 29 


1818, 


1,264.297 42 


1,092,655 93 


4,800 


- 


680,000 


2,812,500 


570,583 25 


6,424,836 60 


1819, 


- 


1,093,655 93 


4,800 


80,000 


510,000 


2,812,500 


570.583 25 


5,070,539 18 


1820, 


. 


1,092,655 93 


- 


- 


340,000 


2,812,500 


570,583 25 


4,815,739 18 


1821, 


- 


1,092,655 93 


- 


- 


170,000 


2,812,500 


570,583 25 


4,645,739 18 


1822, 


- 


1,092,655 93 


- 


- 


- 


- 


570,583 25 


1,663,239 18 


1823, 


- 


1,092,655 93 


- 


- 


- 


- 


570,583 25 


1,663,239 18 


1824, 


- 


613,567 36 


- 


- 


- 


- 


570,583 25 


1,184,150 61 


After 1824, 


- ' " 


~ ~ ~ 


- 


- 


- 


- 


570,583 25 


570,583 25 



Note. — After the year 1824, the three per cent, stock, amounting to $19,019,481, will still be due, and the annual 
payment of the interest, amounting to $570,583 25, continue ever after. 



216 



FINANCE. 



[1806. 



H. 

S table of the annual payments on account of the public debt, from the year 1809 to the year 1821, on the supposition 
that the old six per cent, deferred, and three per cent, stocks shall be converted into a new six per cent, stock, 
redeemable within seven years; and that the annual appropriation of eight millions of dollars shall be continued 
till the final reimbursement of that new stock. 





Proposed 6 per cent, stock, issued in 


Louisiana and 1796 six per cent. 


Total in each year. 




exchang'e for the old 6 per cent. 


stocks. 




YEARS. 


deferred, and 3 


per cent, stock. 










Interest. 


Principal. 


Interest. 


Principal. 




1809, 


2,370,301 


4,944,899 


684,800 


. 


8,000,000 


1810, 


2,073,607 


5,241,593 


684,800 


- 


8,000,000 


1811. 


1,759,112 


5,556,088 


684,800 


- 


8,000,000 


1812, 


1,425,747 


5,889,453 


684,800 


- 


8,000,000 


1813, 


1,072,379 


6,242,821 


684,800 


- 


8,000,000 


1814, 


697,810 


6,617,390 


684,800 


- 


8,000,000 


1815, 


225,575 


5,012,770 


684,800 


- 


5,923,151 


1816, 


- 


- 


684,800 


- 


684.800 


1817, 


_ 


- 


684,800 


- 


684.800 


1818, 


- 


- 


684,800 


2,812,500 


3,497,300 


1819, 


- 


- 


514,800 


2,892,500 


3,407,300 


1820, 


_ 


- 


340,000 


2,812,500 


3,1.52,500 


1821, 


- 


- 


170,000 


2,812,500 


(a) 2,982,500 



(a.) The whole of the public debt will then have been completely reimbursed. 



K. 

Comparative view of the annual payments to be made on account of the principal and interest of the public debt, 
after the year 1808, agreeably to the principles assumed in the two preceding tables, marked G and H. 



Years. 



1809, 

1810, 

1811, 

1812, 

1813, 

1814, - - - 

1815, 

1816, 

1817, 

1818, 

1819, 

1820, 

1821, 

1822, 

1823, 

1824, - - 

After 1824, in perpetuity. 



Annual payments, 
agreeably to table G. 



4,599,531 
4,599,531 
4,599,531 
4,599.531 
4,599,531 
4,599,531 
4,599,531 
4,599,531 
4,599,531 
6,424,836 
5,070,539 
4,815.739 
4,645,739 
1,603,239 
1,063,239 
1,184.151 
570,583 



Annual payments, 
.igrecably to table H. 



Th( 



8,000.000 
8,000.000 
8,000,000 
8,000,000 
8,000,000 
8,000,000 
5,923.151 

684,800 

684.800 
3,497,300 
3,407,300 
3,152,.500 
2 982,500 
wnole debt ex- 



tinguished. 



9th Congress.] 



No. 256. 



[2d Session. 



PUBLIC DE POSIT ES IN BANKS, 

C0MMUNIC,\TED TO THE HOUSE OF REPRESENTATIVE.S, DECEMBER 23, 1806. 

The Secretary of the Treasury, in obedience to the resolution of the House of Representatives of the 8th instant, 

respectfully reports: 

That the receipts into the treasury have amounted, during the year ending on 30th day of Sep- 
tember, 1804, to ....... $11,574,21104 

During the year ending on the 30th day of September, 1805, to . . . 13,61 1,753 96 

And during the year ending on the 30th day of September, 1806, to . . . 14,975,800 53 



,161,765 .53 



1806.] PUBLIC DEPOSITES IN BANKS. 



217 



That, of the above mentioned sums, the following sums, consisting of drafts in favor of individuals, on collectors 
and others, and ot advances made by them, have not passed through the medium of banks, viz: ' 

During the year ending on 30th of Sept. 1804, . . . $655 344 58 

Do do do 1805, . . . 508^877 76 

Do do do 1806, . . . 468,034 47 

That all other moneys paid into the treasury during the above mentioned three years, 
were paid and deposited, by the collectors and other persons, into the following 
banks, viz: 
In the Bank of the United States, at Philadelphia, and its several ottices of dis 
count and deposite, at Boston, New York, Baltimore, Washington, Norfolk, 
Cliarleston, Savannah, and New Orleans: 



1,632,156 81 



During tlie year ending 30th September, 1804, 
Do do do 1805, 


• 


10,391,315 
12,203,875 


50 
99 




Do do do 1806, 


. 


13,600,688 


12 




In the Bank of New Hampshire, during the year ending 30th September, 


1804, 




— 


36,195,879 61 
1.465 81 


Do Hartford, do do 


do 






107 10 


Do Albany, do do 


do 






2,013 53 


Do l^iovidence, do do 


do 






1 60 0''iO 00 


In the Roger Williams Bank, R. Island, do do 


do 


62,000 


00 




Do do do do 


1805. 


253,500 


01 




Do do do do 


1806, 


190,561 


12 


506,061 13 


In the Bank of Newport, do do 


1804, 


47,365 


97 


Do do do 


1805, 


88,900 


01 




Do do do 


1806, 
blished at 


87,500 


00 


223,765 97 


In the office of discount and deposite of the Bank of Pennsylvania, esta 






Pittsburg, during the year ending 30th September, 1804, 




225,781 


93 




Do do do 1805, 


- 


486,825 


45 




Do do do 1806, - 


Sept. 1804, 


477,669 


89 


1,190,277 27 


In the Bank of Columbia, Dist. of Columbia, during the year ending 30th 1 


25.952 


96 


Do do do do 


1805, 


16,400 


00 




Do do do do 


1806, 


37,296 


93 


79,649 89 


In the Bank of Alexandria, during the year ending 30th September, 1804, 


2,913 


66 


Do do do 1805, 


_ 


53,374 


75 




Do do do 1806, 


- 


114,050 


00 


170.338 41 




• 


• 


« 


Amounting, altogether, to . 


540,161,765 53 



That the moneys tlius deposited have been drawn from time to time, in order to discharge the public expendi- 
tures, and have, also, sometimes been transferred, as the public service required, from one part of the Union to 
another, and from one bank to another; so that the balances, actually deposited in the several banks, have fluctu- 
ated from week to week, and from (fay to day; a circumstance which renders it impracticable, without great delay 
to give a precise statement, from which to deduce the average balances, or permanent deposites in each bank. 

That the annexed table exhibits the balances which were actually deposited in each bank on tiie last days of 
every quarter of the three years aforesaid, being the days on which the treasurer's accounts are periodically settled 
by the accounting officers of the treasury; but that the largest regular payments being made by the treasury towards 
the end of each quarter, it follows, that the balances, particularly in the Bank of the United States and its branches 
have generally been greater than is there exhibited. ' 

And that, taking thit table as the basis, on which to form an estimate, it appears that the average balances in 
the several banks in which public m(meys are now deposited, which balances may be considered as the permanent 
public deposites in such banks, have, for each of the three years aforesaid, amounted to the following sums, that is 
to say : 

In the Bank of the United States and its several branches, as above mentioned: 

During the year ending 30th September, 1804, ... . $4 217,899 82 

1)^ ''•> 1805, .... 3',509'.526 46 

Do do 1806, .... 3,821,428 23 



In the Pennsylvania Bank, and its branch at Pittsburg, during the year ending 30th Sept. 1804, $157,847 82 

Do do do 1805, 348,295 53 

Do do do 1806, 315,858 39 



In the Roger Williams Bank, during the year ending 30th Sept. 1804, , . $62,000 00 

Do do do 1805, . . 84*,S84 56 

Do do do 1806, , . 47,460 43 



In the Newport Bank, during the year ending 30th Sept. 1804, . . . $23,572 08 

Do do do 1805, . . . 36',769 26 

Do do do 1806, . . . 28,418 89 



In the Bank of Columbia, during the year ending 30th Sept. 1804, , . . $39,837 89 

Do do do 1805. . , . 28'951 89 

Do do do 1806, . . . 37.862 34 



In the Bank of Alexandria, during the year ending 30th Sept. 1804, . . $13,030 13 

Do do do 1805, . , 11,298 44 

Do do do 1806, . . 39,716 85 

All which is respectfullv submitted. 



Treastjry Departmknt, December 19, 1806. 



ALBERT GALLATIN, Secretary of the Treamry. 



218 



FINANCE. 



[1806. 






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180r.] STATE OF THE FINANCES. 219 



9th Congress.] ^^^ 257. [2d Session. 



DIRECT TAX. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 31, 1806. 

The Secretary of the Treasury, in obedience to tlie resolution of the House of Representatives of the 18th instant, 

respectfully reports: 

That the annexed statement of the situation of the direct tax shews the quotas assigned to each State, the sums 
actually received into the treasury, and the respective amounts paid for expenses and losses, or of outstandin<' tax. 
so far as tiie same has been ascertained. 

That 1,664,066 dollars and 33 cents had been paid into the treasury, prior to the 30th day of September last. 

That the expenses of collection, so f;ir as accounts have been rendered, amount to about 120,000 dollars, and 
that, estimating the expenses incurred in the States of Pennsylvania, South Carolina, (Georgia, and Kentucky, which 
are not yet ascertained, at 40,000 dollars, there is still a nominal outstanding balance of near 176.000 dollars; which 
balance is liable to considerable deductions, partly on account of the delinquencies of some of the officers employed 
in the collection, but principally because they have been unable to sell a number of lots or tracts of land which had 
been returned in the assessment and cannot be found. 

All which is respectfully submitted, 

ALBERT GALLATIN. 

Treasury Department, 29th December^ 1806. 



220 



FINANCE. 



[1806. 



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1807.1 SALT TAX AND THE MEDITERRANEAN FUND. 221 



9th Congress.] No^ 258. [--^tl Session. 



SALT TAX AND THE MEDITERRANEAN FUND. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 7, 1807. 

Committee Room, December 12, 1806. 
Sir: 

The Committee of Ways and Means, to whom has been referred tliat part of the message of the President of 
the United States, of the 2d instant, wliicli suggests the expediency of abolishing the duties on salt, and of continuing, 
for a limited time, those duties, the proceeds of which constitute the Mediterranean fund, have instructed me to 
request that you will furnish them with such intbnnaticm, in possession of the Treasury Department, as you may 
deem connected with the subject. 

I am, sir, with very high respect, yours, 

JOHN RANDOLPH. 
The Secretary of the Treasury. 

Treasury Department, December 18, 1806. 
Sir: 

I had the honor to receive your letter of the 12th instant, requesting such information as I might deem con- 
nected with the proposition for abolishing the duty on salt, and for continuing, for a limited time, the duties which 
constitute the Mediterranean fund. 

An examination of the report made on the 5th instant, in obedience to the pro\isions of the act, supplementary 
to the act to establish the Treasury Department, will show, that, if no other expenses whatever shall be incurred, 
but such as are already actually authorized by law, neither the salt tax, nor the Mediterranean fund, are, any longer, 
wanted. The propriety of continuing the last mentioned fund lor a limited time, must be decided by considt'ra- 
tions connected with the political situation of the United States: for it is only to provide for the speedy payment 
of any contemplated acquisition of territory, without creating a new debt, or in case of war. that the hind can be 
wanted. Under existing circumstances, I should think it consistent with prudence to continue it for one year 
longer. 

As to the duty on salt, the only additional information which appears connected with the subject, is what relates 
to the allowance heretofore made to vessels employed in the cod hshery: for this, perhaps, exceeds the duties paid 
on the importation of the salt employed in curing the fish. 

The allowance has amounted — 

For the year 1803, to ------....- $117,174 

For the year 1804, to ----..-.... 145,987 

For the year 1805, to - - • ---..-.- 152,928 

Quintals. 

The quantity of dried American fish exported during the year ending on the 30th September, 1803, to 461,870 

For the year ending on 30th September, 1804, to - - " - - - -- - 567,825 

And for the year ending 30th September, 1805, to .-..--. 514,549 

But the quantity offish of that description, consumed within the United States, is not known. 

The bounty paid on the exportation of pickled fish, pork, and beef, is said to be no more than the duty on the salt 
used in curing the same. 

Should there be any points on which further elucidations are wanted, and the committee will be pleased to desig- 
nate what they are, their directions will be immediately attended to. 

I have the honor to be. very respectfully, sir, your obedient servant. 

ALBERT GALLATIN. 
Hon. John Randolph, Chairman of the Committee of JVays ami Mecms. 



Treasury Department, January 3, 1807. 

I have the honor to enclose a statement of the quantity ot salt imported into the several ports ot the United 
States, and exported therefrom to foreign countries, during the year ending on the 30th day of September, 1805. 
I have the honor to be, very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
Hon. John Randolph, Chairman of the Committee of fVays and Means. 



^ ft 



222 



FINANCE. 



[1807. 



.i Statement showing the quantity of Salt imported into the several ports of the United States, and exported there- 
from, during the year ending on the 30th September, 1805. 



Ports. 


Imported. 


Exported. 


Ports. 


Imported. 


Exported. 




Bushels. 


Bushels. 




Bushels. 


Bushels. 


Portsmouth, 


66,686 




Sagg Harbor, 


5,200 




Vermont, . - - 


5,958 




New York, 


742,075 




Neuburyport, 
Gloucester, 


133,805 




Perth Amboy, 


989 




21,306 




Philadelphia, 
Presqu' Isle, 


155,073 


1,554 


Salem, . . _ 


53,884 


2,882 


20 




Marblehead, 


49,219 


833 


Baltimore, 


169,292 




Boston, - - - 


641,753 


4,411 


Georgetown, (Columbia) - 


3,378 




Plymouth, - - - 
Barnstable, 


25,748 




Alexandria, 


47,615 




14,729 




Norfolk, - 


296,040 




Nantucket, 


24,640 




Petersburg, 


27,653 




New Bedford, 


55,925 




Richmond, 


9,323 




Dighton, - - . 


14,041 


■ 


Tappahannock, 


7,184 




York, 


7,706 




Folly Landing, 


257 




Biddeford, - 


3,445 




Wilmington, (N. Carolina) 


88,919 




Kennebunk, 


14,364 




Newbern, - 


13,125 




Portland, 


243,897 


2,113 


Washington, 


22,115 




Bath, - - - 


14,495 




Edenton, 


24,937 




"Wiscasset, - - - 


13,420 




Camden, - - - 


1,401 




Waldoborough, 


11,028 




Beautort, (North Carolina) 


706 




Penobscot, - - - 


10,022 




Georgetown, (S. Carolina) 


17,753 




Frenchman's Bay, - 


1,200 




Charleston, 


127,280 


517 


Passamaquoddy, 


657 




Savannah, 


72,371 




Newport, 


40,493 


6 


St. Mary's, 


366 




Bristol, 


6,850 




Miami, 


34 




Providence. 


73,439 


1,084 


Detroit. 


13 




New London, 


92,405 


222 


Michillimackinack, 


127 




Middletown, 


39,229 




New Orleans, 


42,914 


40 


Nesv Haven, 


48,099 
22,002 




Mobile. 


7 




Fairfield, 










Champlain, 


2,186 
23,478 


1,882 


Total bushels. 


3,652,276 


15,544 


Hudson, 







Trkasurv Department, Begister^s Office, January 2d, 1806. 



9th Congress.] 



No. 259. 



[2d Session. 



SiK 



DUTIES AND DRAWBACKS. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 8, 1807. 

Treasury Department, January 6, 1807. 

In obedience to the permanent order of the House of Representatives, parsed on the third of March, 1797, I 
have the honor to transmit a statement exhibiting the amount of duties and drawbacks on goods, wares, and mer- 
chandise, imported into the United States, and exported tlierefrom, during the years 1803, 1804, and 1805. 

I have the honor to be. very respectfully, sir, your obedient servant, 

ALBERT GALLATIN. 
Tiie Hon. the Speaker of the House of Representatives. 



Ji Stutemenl exhibiting the amount of Drawback payable on sundry articles exported from the United States, in 
the years 1803, 1804, and \805, compared ivith the amount of Duties collected on the same, respectively. 





IN TUE TEAll 1803. 


IN- THE TKAB 1804. 


IX THE TEAR 1805. 


SPECIES OI- MEKCUAXnlSE. 
















Duties 


Drawback 


DiitifS 


Drawback 


Duties 


Drawback 




received. 


payable. 


received. 


payable. 


received. 


payable. 


On Vlei'cliaiurise — 


Dollars 


Dcillars. 


Dollars. 


Uiillars. 


Dollars. 


Dollars. 


Pmini^:'. dulv of 12^ per cent, ad ml. 
Do ' 13f do 


3,399,781 
185,568 


243,765 
24,757 


1,794,697 

64,427 


308,011 
29,790 


~ 


42,239 
2,410 


Do 15 do 


1,104,355 


25,005 


3,374,397 


247,857 


5,792,800 


834,456 


Do 15i do 


- 


- 


40 








Do 16i do 


68,634 


4,216 


223,422 


56,897 


338,539 


151,949 


Do 17^ do 


_ 


- 


678,035 


27,053 


1,339,132 


109,881 


Do 19i do 


— 


_ 


41,151 


8,284 


72,046 


18,292 


Do 20 do 


67,857 


1,309 


32,986 


2,850 


- 


18 


Do 22 do 


13,126 


870 


4,060 


748 






Do 22i do 


_ 


_ 


49,048 


1,525 


86,419 


8,190 


Do 24i do 


_ 


- 


11,083 


342 


16,103 


1,274 


Wines, Madeira, - - ~ 


196,857 


19,934 


238,982 


29,952 


171,592 


48,194 


Burgundy and Champaigne, - 
Slierry and St. Lucar, 
Claret, - - - 


1,868 


138 


862 


65 


2,556 


732 


131,358 


5,221 


225,888 


4,153 


130,339 


8,696 


- 




61,992 


32,027 


86,086 


58,745 


Lisbon, Oporto, &c. - 


52,619 


1,410 


77,921 


1,371 


90,148 


1,396 


TeneriflTe, Fayal, &c. 


120,849 


1,837 


135,692 


2,030 


289,824 


57,078 


All other, - - - 


246,398 


104,119 


729,615 


425,287 


956,983 


699,368 



1807.] 



DUTIES AND DRAWBACKS. 



223 



STATEMENT-Continued. 





IN THE TEAR 1803. 


IX TllK YEAH 1804. 


IN THE TEAR 1805. 


SPECIES OF MERCHAtTDlSE. 


Duties 


Drawback 


Duties 


Drawback. 


Duties 


Drawback 




received. 


payable. 


received. 


payable. 


received. 


payable. 




Dollars. 


Dollars. 


Dollars. 


Dollars. 


Dollars. 


Dollars. 


Spirits, distilled fiom gi'ain, - - 


361,802 


19,715 


422,002 


85,354 


178,881 


54,425 


Do from otiier materials, 
Do from domestic do. - 


2,367,804 


84,961 


2,987,528 
8 


248,572 


2,545,499 
94 


402,661 


Molasses, _ _ _ _ 


303,584 


629 


328,412 


1,579 


465,645 


1,200 


Beer, Ale, and Pi.rter, 


14,919 


201 


10,039 


376 


21,5.;4 


4,544 


Tea, Bohea, _ _ _ 


453,351 


216,337 


58,378 


6,753 


63,565 


7,889 
159,849 


Souchoni::, - _ _ 


134,792 


90,854 


293,262 


124,540 


371,655 


Hyson, &.C. - _ _ 


96,591 


13,369 


179,433 


37,357 


234,088 


77,565 


Other Green, - - - 


245,517 


85,809 


145,611 


16,195 


359,442 


101,673 
1,992,982 


Coffee, _ _ - _ 


948,672 


499,251 


3,001,066 


2,601,646 


2,345,853 


Cocoa, _ _ _ _ 


22,664 


11,755 


26,511 


11,213 


122,277 


74,968 


Cliocolate, - _ - _ 


46 


- 


42 


1 


132 


\ 


Sugar, Brown, _ _ _ 


1,969,256 


709,499 


2,990,008 


1,586,751 


4,152,366 


2,550,880 


White Clayed, 


245,587 


150,639 


299,482 


253,052 


1,245,284 


924,913 


Loaf and Candy, - - 




525 


551 


- 


5,507 


5,154 


Other refined, 


47 


- 


13 


- 


15 




Almonds, _ _ - _ 


- 


- 


1,182 


113 


3,548 


603 


Currants, _ _ _ - 


- 


- 


251 


- 


828 




Prunes and Plums, - - - 


- 


- 


2,005 


352 


4,501 


1,062 


Figs, - _ _ _ 


- 


- 


148 


- 


5,062 


523 


Raisins, in jars and boxes, - - 


- 


- 


2,911 


58 


21,468 


4,153 


Do all other, - - _ 


- 


- 


190 


- 


31,210 


1,387 


Candles, Tallow, _ _ _ 


548 


117 


890 


546 


3,218 


1,286 


Wax, _ _ _ 


185 


75 


347 


90 


252 


97 


Cheese, _ _ _ _ 


9,331 


4,309 


16,835 


7,681 


o2,7S5 


26,266 


Soap, _ _ _ _ 


3,837 


2,981 


27,283 


15,444 


33,025 


27,504 


Tallow, _ _ _ _ 


- 


- 


5,935 


- 


7,737 


536 


Spices, Mace, - _ _ 


- 


- 


896 


11 


14,094 


1,388 


Nutmegs, _ - - 


- 


- 


4,667 


112 


14,702 


1,536 


Cinnamon, - - _ 


- 


- 


621 


- 


4,061 


1,036 


Cloves, _ _ _ 


- 


- 


2,632 


1,742 


13,363 


3,593 


Pepper, - _ _ 


244,673 


130,246 


374,521 


343,595 


247,204 


271,896 


Pimento, - - _ 


35,034 


14,042 


22,727 


17,942 


5,531 


4,783 


Cliinese Cassia, - - 


- 


- 


2,169 


57i 


15,470 


11,999 


Tobacco, _ _ - _ 


12,741 


60 


4,688 


202 


404 


125 


Snuff, _ _ - _ 


2,125 


1,633 


2,236 


772 


1,366 


686 


Indigo, _ - - _ 


37,321 


3,532 


76,060 


39,774 


118,886 


92,763 


Cotton, - - - - 


98,692 


85,028 


83,483 


81,815 


75,488 


69,372 


Powder, Hair, _ _ _ 


- 


- 


34 


14 


274 


28 


Gun, - - - 


- 


- 


11,891 


1,529 


27,540 


1,286 


Starcli, - - _ _ 


- 


- 


148 


6 


292 


19 


Glue, _ _ _ _ 


- 


- 


714 


- 


1,507 


171 


Pewter Plates and Dishes, - 


— 


_ 


1,965 


_ 


2,726 




Anchors and Sheet Iron, 


- 


_ 


4,180 


_ 


11,171 




Hoop and Slit Iron, - - 


- 


- 


154 


- 


2,019 


272 


Nails, - - - _ 


74,593 


3,063 


83,309 


6,683 


83,516 


12,845 


Spikes, _ _ _ _ 


3,485 


32 


2,795 


34 


4,736 


158 


Quicksilver, - - - _ 


_ 


_ 


136 


_ 


5,575 


61 


Paint, Ocrc, Yellow, in Oil, - 


- 


- 


262 


6 


5,75 


40 


Dry Yellow, - - - 


- 


- 


1,568 


104 


1.831 


67 


Spanisli Brown, - _ 


- 


_ 


1,433 


_ 


6,842 


11 


White and Red Lead, 


- 


- 


18,109 


50,7 


43,530 


317 


Lend, and manufactures of, - _ 


26,975 


696 


38,646 


777 


45,607 


443 


Seines, _ - _ _ 


- 


- 


163 


_ 


194 




Cordage, Tarred, - - _ 


15,248 


771 


10,234 


4,175 


17,434 


1,268 


Do. Untarred, and Yarn, 


2,350 


- 


2,989 


18 


1,601 


63 


Cables, - _ _ _ 


2,839 


- 


1,182 


87 


1,256 




Steel, - - - _ 


7,811 


48 


10,198 


- 


10,274 


498 


Hemp, - - - _ 


123,217 


- 


81,358 


_ 


115,946 




Twine and Pack-thread, - - 


7,940 


11 


11,012 


333 


12,793 


366 


Glauber Salts, - - _ 


2,388 


4 


1,360 


5 


896 




Salt, - - - _ 


721,355 


4,561 


686,799 


5,992 


765,804 


2,413 


Coal, _ _ _ _ 


21,957 


298 


14,063 


_ 


25,810 


204 


Fish, Dried, - - _ _ 


_ 


_ 


19,855 


_ 


77,800 




Pickled, Salmon, 


- 


- 


5,266 


— 


7,505 




Mackerel, - - _ 


- 


- 


4,971 


_ 


6,708 




All other, - - _ 


- 


- 


2,519 


— 


4,602 




Glass, Bottles, - _ _ 


- 


- 


5,681 


685 


12,992 


3,525 


Window, - - _ 


- 


- 


15,778 


224 


53,031 


281 


Cigars, - - - _ 


- 


- 


13,054 


4 


34,274 


885 


Lime, - - - - 


- 


- 


130 


_ 


305 




Boots, - - - - 


3,534 


145 


2,861 


o 1 .-> 


1,984 


131 


Shoes and Slippers of Silk, - 


996 


360 


1,438 


244 


3,805 


1,420 


Do. all other, - - - 


9,067 


329 


9,593 


1,874 


10,260 


4,742 


Cards, Wool and Cotton, 


5 


_ 


24 


5 






Do. Playing, - - - 


1,620 


1,347 


992 


185 


3,537 




Dollars, 


14,227,778 


2,569.813 


20,186,185 


6,686,483 


23,545,114 


8,955,745 



Teeasubt Depaetmist, Register's Office, January 6, 1807. 



JOSEPH NOURSE, Register. 



224 ^ FINANCE. [1807. 



9lh Congress.] No. 260. [2d Session. 



DRAWBACK. 

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 21, 1807. 

Mr. Early, from the Committee of Commerce and Manufactures, to whom was referred the petition of Gideon 

Lamson, made the following report: 

The ship Doris, of which the petitioner was owner, received on board, at Philadelphia, in the month of June last, 
a quantity of sugar and coffee, intended to be shipped to Antwerp, for the benefit of drawback. Before the whole 
of the intended cargo had been put on board, it was discovered that the vessel had made considerable water, 
and the sugar and coffee she had received were relanded. The sugar was damaged seventy -five per cent., and by 
the exporter, was thrown upon the hands of the owner of the ship. It does not appear that the misfortune arose 
from any want of care or attention. On the contrary, the vessel had, immediately before she began to receive her 
load, been examined by a person of competent skill, and pronounced free from defect. 

The memorialist prays, upon these facts, that the debenture on the sugar may be allowed him, or that such other 
relief may be afforded, as Congress may consider just and proper. 

Tlie committee know of no principle heretofore recognized by Congress, which would authorize a compliance 
with this application. To allow the debenture when the sugar has not been export(?d from the United States, would 
be, in the highest degree, preposterous. To afford relief, in any way. would be to make the Government of the 
United States insurers against individual losses. The committee, therefore, submit the following resolution: 

ResolvecL That the prayer of the petition of Gideon Lamson ought not to be granted. 



9th Congress.] No. 261. [2d Session. 



MINT. 

communicated to the senate, JANUARY 29, 1807. 

To the Senate and House of Representatives of the United States: 

I communicate, for the information of Congress, the report of the Director of the Mint, of the operations 
of that establishment during the last year. 

TH: JEFFERSON. 
January 27, 1807. 

Mint of the United States, January 1st, 1807. 

Sir: 

At the commencement of the present year, I have the honor ot laying before you, a report of the operations 
of the mint during the last year. 

From the treasurer's annual statement it will appear that, during this period, there have been struck at the mint, 
gold coins to the amount of three hundred and twenty -four thousand five hundred and five dollars, and silver coins 
to the amount of four hundred and seventy-one thousand three hundred and nineteen dollars; making the total 
amount seven hundred and ninety five thousand eight hundred ;.iid twenty-four doUai's, and the number of pieces 
one million one hundred and eleven thousand four hundred and nine. 

By comparing this year's coinage of the precious metals with that of the ten preceding years, the time that the 
mint had been in full operation, it will appear that, though the expense has been comparatively moderate, yet the 
amount struck is nearly double the average annual amount during that period, and the number of pieces, (the most 
accurate measure of the quantity of labor) considerably more than quadruple. 

This favorable circumstance may, in a great measure, be ascribed to the regular supply of bullion, furnished 
chiefly by the Bank of the United States and the Bank of Pennsylvania. Nor is tliere any doubt of a like supply 
during the current year. 

It will be observed that but little has been done in the coinage of copper duiing the last year. This was owing 
to the cent press requiring a new screw and other repairs, which it was not easy to procure, and besides, it was but 
seldom that a hand could be spared, for this purpose, from the more urgent business of the mint. 

Arrangements are, however, now made for carrying on this coinage during the present year, which, it is hoped, 
will fully supply all current demands for this species of coin. 

1 have the honor to be, with sentiments of the most perfect esteem, your obedient servant, 

R. PATTERSON. 

Thomas Jefferson, President of the United States. 



1807.] 



THE MINT. 



225 



A Statement of the Coins struck at the Mnt of the United States, from the 1st January to the 31.?/ December, 180G. 

inchesivc, viz: 



^ 


GOLD COINS. 


Amount in 
Dollars. 






Half Eagles. 


Quarter Eagles. 


TOTAL. 


Quarter ending in March, - - - . 
June, - - - - 
September. . . . 
December, . - - 


5,930 

3,746 

36,759 

17,658 


1,616 


33,690 

18,730 

183,795 

88,290 




65,709 pieces of gold coins, . - - 


64,093 


1,616 








$324,505 




69,195 
145.370 
119,646 
137,108 




SILVER COINS. 






Half Dollars. 


Quarter Dollars. 




Quarter ending in March, - - - - 
June, - . - . 
September, . . . 
December, 


138,390 
190.740 
236,230 
274,216 


200,000 
6,124 




1,045,700 pieces of silver coins, - 


839,576 


206,124 






, ,- .| • ^ 


471,319 




3,410 
70 

895 

885 




COPPER COINS. 






Cents. 


Half Cents. 




Quarter ending in March, - - - - 
June, - - - - 
September, 
December, 


341,000 
7,000 


179,000 
177,000 




704,000 pieces of copper coins. - 


348,000 


356,000 




Total amoun 




5.260 






1,815,409 pieces of coins. Amount of all the coins struck in 1806, 


801,084 



Mint of the United vStates, Treasurer's Office, Philadelphia, 3lst December, 1806. 

BENJAMIN RUSH. 



An Abstract of the Expenditures of the Mint of the United States, from the 1st January to the 31s/ December, 

1806, viz: 



Quarter ending in March, 
June, 

September, 
December, 



Salaries. 



Wages. 



2,650 
2,650 
2,650 
2,650 



1,376 91 
1,568 05 
1,632 68 
1,772 11 



10,600 ; 6,349 75 



Incidental. 



445 98 

823 37 

386 33 

1,024 27 



2,679 95 



Amount, 



Totals. 



4.472 89 
5.041 42 
4,669 01 
5,446 38 



$19,629 70 



Mint of the United States, Treasurer's Office, Philadelphia, 31st December, 1806. 

BENJAMIN RUSH. 



226 FINANCE. [1807 



9th Congress.] - No. 262. [2d Session. 



INDEMNITY TO COLLECTORS. 

, COMMUNICATED TO THE HOUSE OF KEPRBSENTATIVES, FEBUUARY 4, 1807. 

j Treasury Department, January 22, 1807. 

Sir! 

I have Ihe honor to transmit copies of (he vouchers sent by Mr. Gelston to the Comptroller's office, and esta- 
blishing the facts stated in his petition that he had paid $9,974 62, recovered from him in two suits instituted against 
him for damages arising from a seizure made by liim, as collector, of two vessels which were presumed to be owned 
by foreigners, though sailing under American registers. Although the proofs were not sufficient to obtain a condem- 
nation of the vessels, the circumstances were such as did justify the attempt. But tiie accounting officers had no 
authority to allow to the collector the amount of damages recovered; and the hardship of the case consists particu- 
larly in that, in case of condemnation, the United States would have received one half of the nett proceeds of the 
forfeiture, and the collector one sixth part of the same; whilst, in case of acquittal and subsequent damages, the 
whole falls on the collector who has made the seizure. 

Whatever may be the determination of Congress in this case, it appears proper that some general provision may 
be adopted, which, without injuring the citizens, may protect the collectors, and ultimately the United States, 
against actions of this kind, when the seizure shall appear to have been made on reasonable grounds. 

It isprovided by the 89th section of the act to regulate the collection of duties on imports and tonnage, that, " when 
any prosecution shall be commenced onaccountof the seizure of any shipor vessel, goods, wares, or merchandise, and 
judgment shall be given for the claimant or claimants, if it shall appear to the court before whom such prosecution 
shall be tried, that there was a reasonable cause of seizure, the said court shall cause a proper certificate or entry 
to be made thereof, and, in such case, the claimant or claimants shall not be entitled to costs, nor shall the person 
who made the seizure. ()r the prosecutor, be liable to action, suit, or judgment, (m account of such seizure and 
prosecution." But this provision extends only to revenue cases arising under the act, and applies neither to the 
registering act, nor to the acts prohibiting (he slave trade, nor to the acts prohibiting the intercourse with St. Do- 
mingo, or (he importation of certain goods from (he dominions of Great Britain. It necessarily results that the 
execution of those laws is not enforced as it ought to be; and that, principally since the damages recovered in the 
case now under consideration have been known, collectors cannot be expected to make seizures at the risk, perhaps, 
of the whole amount of their property, even in cases where circumstances are extremely suspicious, and it is ex- 
pected that a legal investigation will lead to a full discovery. The same will iiappen in cases where the law is not 
perfectly clear, and where a judicial decision is in fact necessary to fix its meaning. 

If the provision abovementioned be proper in revenue cases, it cannot be improper in the cases arising under the 
registering act, or under any other law which au(horizes a seizure. If (he collector dares to seize without rea- 
sonable cause, (he court will refuse a certificate, and the party will recover damages, vvhich, in such case. Congress 
never can be called upon to refund. But, unless the provision be thus extended, either the collectors must be 
assured (hat Congress will always indemnify them, or the laws will remain in a great degi;ee unexecuted, and those 
provisions, particularly, which were intended to protect the American flag, be materially impaired. 
I have the honor to be, respectfully, sir, your obedient servant, 

ALBERT GALLATIIS. 
Honorable Peter Eakly, Chairman of the Committee of Commerce and Manufactures. 



9th Congress. ] No. 263. [2d Session . 

' COLLECTION DISTRICTS, 

communicated to the house of representatives, FEBRUARY 4, 1807. 

Mr. Early, from the Committee on Commerce and Manufactures, to whom were referred the petition of sundry 
inhabitants of the towns of Stonington and Groton, in the State of Connecticut, and the petition of sundry in- 
habitants of Pawcatuck, in the State of Rhode Island, made the following report: 

The petitioners pray that a new collection district may be formed, to incliide Stonington and Groton, in the 
State of Connecticut, and Pawcatuck, in the State of Rhode Island, together with certain shores and waters adja- 
cent; and that Stonington may be made the port of entry thereof. 

This is an application which, if granted, will lead to an invasion of a principle in the arrangement of the collec- 
tion districts ot the United States, heretofore so tenaciously adhered to that but a single exception has ever been 
made to it. The principle is to avoid forming a district out of dlflTerent States. The exception is in the annexation 
of the towns of Kittery and Berwick, in the State of Massachusetts, to the district of Portsmouth, in the State of 
New Hampshire, leaving, however, vessels bound to the former places the option of making their entry at York, the 
nearest port of entry in the former State. Such an option will be indispensable in every case of the kind, to avoid 
an infraction of that provision in the constitution, which declares that vessels bound to or from one State, shall not 
be obliged to enter, clear, or pay duties in another; and the necessity for such an option it is, that raises, in the 
opinion of the committee, an insuperable objection to the present application, as being embarrassing to the officers 
and hazardous to the security of the revenue. 

The committee have not been able to discover tiie reasons which dictated the arrangement in the solitary case 
abovementioned, but they cannot consider it otherwise than a dangerous precedent. They submit the following 
resolution: 

Resolved, That the prayer of the memorialists ought not to be granted. 



1807.] THE SINKING FUND. 22" 



9th Congress.] ^S^q 964. [2d Se 



SSION. 



SINKING FUND. 

COMMUNICATED TO THE SENATE, FEBRIARY 5, 1807. 

The Commissioners of the Sinlving Fund respectfully report to Congress as follows: 
That the measures which have been authori/A'd by the Board, subsefjuent to tlieir report of the 5th of February, 
1806. are fully detailed in the report of the Secretary of the Treasury to this Board, dated tlu fourth day of the i)re- 
sent month, and in the statements therein referred to. which are herewith transmitted, and prayed to be received as 
part of this report. 

GEO. CLINTON. Frc.si,knt oflhc Senate. 
J. MARSHALL, ClikfJuslkr of the United Slulcs. 
JAMES MADISON. Sen-elary of Stole. 
ALBERT GALLATIN, Sen'etanj of the Treamn/. 
C. A. RODNEY, .ittorupy General. 
AVashington, February 5, 1807. 

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund — 

That the balance remaining unexpended at (he close of the year 1804. and applicable to payments 
failing due after that year, which balance, as appears by the statement B, annexed to the last 
annual report, amounted to two millions three hundred and sixteen thousand iinie hundred and 
seventy-five dollars and fourteen cents, -------- $-3,316,973 1 } 

Together with the disbursements made during the year ISO"), out of the treasury, on account of the 
principal and interest of the public debt, which disbursements, as appears by the statement C. 
annexed to the last annual report, amounted to seven millions three hundred and twenty-eight 
thousand five hundred and nine dollars and seven cents, - - - - - 7,328, .)09 07 

And with a further sum, arising from profit on the remittances from America to Europe, purchased 
in the year 1805, which profit, as appears by the statement D. annexed to die last annual re^iort, 
amounted to one hundred and seventeen thousand one hundred and thirty-seven dollars and htty- 
t wo cents. - - •■ - - - - - •■ - - - 117. 137 52 



And amounting, altogether, to nine millions seven hundred and sixty-two thousand six hundred aiul 

twenty-one dollars and seventy-three cents, ----.... S9.762.C21 73 

Have been accounted for in the following manner, viz: 

1. Thei'e was repaid into the treasury during the year 1805. on account of the principal of protested 
bills, and of advances made to commissioners of loans, as appears by the statement E. annexed to 
the last annual report, a sum of sixty- six thousand seven hundred and three dollars and two cents. 66.703 02 

H. The sums actually applied during the same year, to the payment of the principal and interest of 
the public debt, as ascertained by accounts rendered to the treasury depaitment, amount, as will 
appear by statement A, to eight millions forty eight tliousand four hundie;l and forty-two dol- 
lai's and eighty-two cents: 

1. Paid in reimbursement of the principal of the debt, - - $3,905,169 25 

2. Paid on account of the interest and charges on the same, - - 1,143,273; 



8,048,112,82 



III. The balance remaining unexpended at the close of the year 1805^, and applicable to payments 
falling due after that year, as ascertained by accounts rendered to the Treasury Department, 
amounted, as will appear by the statement B. to one million six hundred and forty-seven thou- 
saud four hundred and seventy-five dollars and eighty-nine cents. - . . . 1,647,475 89 



89,762.621 



Tluit. during the year 1806. the following disbursements were made out of the treasury, on account of the princi- 
pal and interest of the public debt, viz.: 
!. On account of the reimbursement and interest of the domestic debt. - - - . $7,136.368 03 

II. On account of the domestic unfunded debt. -...-.. .^19 Qy 

HI. On account of the principal and interest of the foreign debt, and of the interest on the Louisiana 

stock, ............ 1.311.389 78 



Amounting, altogethei-, as will appear by the annexed list of warrants C, to eight millions uiue hun- 
dred and forty-eight thousand and six dollars and ninety cents, ----- SS. 948.006 90 



Which disbursements were made out of the following funds, viz: 
I. From the funds constituting tlie annual appropriation of eight millions of dollars, for the year 1806, viz: 
From the fund arising from interest on the debt transferred to the commissioners 

of the sinking fund, as per account I, . . - - . $864,964 02 

From the funds arising from the sale of public lands, being the amount of moneys 
paid into the treasury from the 1st July. 1805, to 30th September. 1806. as per 
account K. - - - - - - - - - 699.385 37 

From the proceeds of duties on goods, wares, and merchandise, imported, and on 
the tonnage of ships or vessels, ...... 6,367,934 'yO 

Amounting, altogether, to - - 7,932,283 98 

Which sum of - - - - - - - - - - 7,932,283 98 

Together with the sum advanced during the year 1805. on account of the appropria- 
tion for the year 1806, and amounting, as appears by the last annual report, to 67,716 02 



Makes, in the whole, the annual appropriation for the year 1806, of - - $8,000,000 00 

II. From the proceeds of duties on goods, wares, and merchandise, imported, and on the tonnage of 

ships or vessels, advanced in part, and on account of the annual appropriation for the year 1807. 1.003.790 70 

III. From repay iiients in the treasury, on account of remittances purchased for providing for the foreign 
debt, and ol advances made to commissioners of loans, as will appear by tlie statemeiit E, viz: 

Repayment of the purchase money and advances . . - - .S6,000 00 

Damages and interest recovered. .... . . i.020 00 

7.020 00 



228 FINANCE. [1807. 

IV. From the moneys appropriated by law for paying commissions to agents employed in the pur- 
chase of remittances for the foreign debt, bemg the amount paid at the treasury, during the year 
1806, for that object, as will appear by the statement C, ----- - 4,912 22 

$8,948,006 90 
That the abovementioned disbursements, together with the above stated balance of - - - 1,647,475 89 

Which remained unexpended at the close of the year 1805, and with a sum arising from profit on 
remittances from America to Europe, purchased in the year 1806, and amounting, as will appear 
by the statement D, to - - - - - - - - - - 35,697 77 

And with a further sum, arising from profit on the purchases of the public debt, made by the com- 
missioners of the sinking fund in the same year, and amounting, as will appear by the statement 
L, to - - - - - - - - - - - - - 437 96 



And amounting, altogether, to ten millions six hundred and thirty-one thousand six hundred and 

eighteen dollars and fifty-two cents, ----.... $10,631,618 52 

Will be accounted for in the next annual report, in conformity with the accounts which shall then 
have been rendered to the Treasury Department. 
That, in the mean while, the manner in whicii the said sum has been applied, is estimated as followeth: 

I. The repaymentsi nto the treasury, on account of principal, liave, during the year 1806, 
amounted, as by the abovementioned statement E, to - - - - 6,000 00 

II. The sums actually applied, during the year 1806, to the payment of the principal and 
interest of the public debt, are estimated as followeth: 

1. Paid in reimbursement of the principal of the public debt, - 4,828,899 17 

2. Ditto, on account of interest and charges on the same, - 3,910,791 43 

8,739,690 60 

As will appear by the estimate F. 
ill. The balance remaining unexpended at the close of the year 1806, and applicable to 

payments falling due after that year, is estimated, as per estimate G, at ■• - 1,885,927 93 

$10,631,618 52 

Th;it, in conformity with the proceedings and resolutions of the commissioners of the sinking fund, of the 28th of 
April, 1806, a copy whereof, M, is annexed, and public notice having been given that proposals would be received 
by the Treasurer of the United States for the purchase of the public debt, $17,517 61 unredeemed amount of old 
SIX per cent, and deferred stocks, were purchased at 971 per cent, as will appear by the statement L; the other 
offers, which amounted only to $91,956 nominal value, having been made at prices above the then market price of 
stocks, and accordingly rejected. And that the statement H exhibits the amount of stock transferred to the com- 
missioners of the sinking fund, in trust for the United States, to the 31st of December, 1806, including the sum of 
$112,950 56, being the aggregate of the several species of stock transferred in the year 1806, in payment for public 
lands. 

All which is respectfully submitted. 

ALBERT GALLATIN, Secretary of the Treasury. 

Treasury Department, February 4, 1807. 



A. 

Statement of the application, (hiring the year 1805, of the funds provided for the payment of principal and interest 

of the public debt. 

I. Payments on account of the principal c^f the public debt. 

1. Of the domestic debt, viz: 

Reimbursement of old six per cent, stock, . - - . - $1,022,329 40 

Do. deferred stock, ------ 346,778 14 

As per treasury report. No. 18,806, 

2. Domestic loans reimbursed, 

3. Debts due to foreign officers, including arrearages of interest, 

Unfunded registered debt, reimbursed, 

4. Of the foreign debt, viz: 

3d instalment of loan of $3,000,000 of 1st January, 1792, 

1st do. do. 3,000,000 of 1st January, 1794, 

5th do. do. 2,000,000 of 1st February, 1784, 

Last do. do. 2.500,000 of 1st March, 1791, 

3d. do. do. 2,950,000 of 1st June, 1792, 

Last do. do. 6,000,000 1st September. 1791, 

4th and 5th do. 2,050,000 1st Dec. 1791, (Antwerp) 



- 


- 


1,369.107 54 




- 


700,000 00 


3f interest, 


7,947 94 




- 


113 77 


_ ft Ofil 71 


Guilders. 






600,000 






600,000 






250,000 






500,000 






600,000 






1,200,000 






820,000 


it 40 cents, 




4,570,000,2 


$1,828,000 00 



11. Payments on account of the interest and charges on the public debt. 

1. On the domestic debt. 

Interest for the year 1805, on the several species of the domestic funded debt, as settled 

at the treasury, - - - - - - («) $3,224,059 80 

2. Interest on Louisiana stock domesticated, - - - 150 00 

3. Interest ()n domestic loans, --.... 56,170 12 

4. On the foreign debt, viz: 

Guilders. 
Interest paid at Amsterdam, - - 387,000 00 

Do. at Antwerp, - - 36,900 00 



3,905,169 25 



423,900 00 

at 40 cents, $169,560 00 

Premiums on loan of 1st February, 1784, 20,000 guilders, do. 8,090 00 

Interest on Louisiana stock, from 1st July, 1804 to 1st July, 1805, 675^000 00 



1807.] THE SINKING FUND. 229 



Commissions and charges, viz: 

Guilders. 
At Amsterdam, including Louisiana stock, 8,695 11 8 
At Antwerp, (6) - - - 1,300 00 



12,995 11 8 

at 40 cents, $5,198 23 
At London, on Louisiana stock, ^421 17 6 - 1,875 00 



7,073 23 

$802,893 G5 

4,143,273 57 



Commission on purciiase of bills in America, - - - 3,260,43 

$862,893 65 



Notes to Statement A. 



$8,048,442 82 



(a) The interest on the several species of domestic debt, for the year 1805, as settled at the trea- 
sury, amounted to - - - - - - - - - $3,324,061 73 

From wliicli lias been deducted the result of sundry small errors, occasioned by miscalculations 
of dividends at the treasury and loan offices, - - - 3 93 



Making the sum given in the statement, - - - . . $3,224,059 80 



ib) The death of Mr. De Wolf, the connnissi(mer at Antwerp, charged with tlic payment of the interest and 
principal of the loan obtained at that place, has prevented the rendering of his final accounts. The precise amount 
of the charges, on the payments made in 1805, cannot, therefore, be stated. The sum here given is on estimate, but 
cannot be tar out of the way. 

Treasury Department, Register's Office, February Uh, 1807. 

JOSEPH NOURSE, Register. 

B. 

Statement of the provision made, before the 1st day of January, 1806, for the payment of the principal and interest 

of the Public Debt falling due after the year 1805. 

I. On account of the Foreign Debt. 

1. Cash in the hands of commissioners and agents in Europe, viz: 

In Amsterdam, on 31st December, 1805, per 

treasury report. No. 18,410, •- Guilders, 2,397,171 18 3 

From which deduct a balance due the commis- 
sioner in Antwerp, - - - . 767 1 g 



2,396,407 16 13 

At 40 cents, $958,563 14 
In London, per account rendered, of December 

31st, 1805, - - - - ^£42,664 1 1 

At 4s. &d. 189,618 01 



2. Remittances outstanding, viz: 

Amount paid for at tiie treasury, and remitted to Amsterdam be- 
fore the 1st January, 1806, but not received by the commis- 
sioners till after that day, - - Guilders 700,000 

At 40 cents, 280,000 00 
Do. do. do. remitted to London, outstanding on 

1st January, 1S06, - . . . £43,000 

: ' At 4s. Gd. 191.111 11 



1,148,181 15 



471,111 11 



3. Amount of payments made at the treasury before the 1st January, 1806, for bills 
which have been protested for non-payment, and which, on that day, had not been 
. repaid into the treasury, (a) ------- 43,857 00 



1.663.149 26 



II. Deduct on account of the Domestic Debt, as follows: 

The demands unsatisfied on the 1st January, 1806, were the following, viz: 

1. Dividends payable by commissioners of loans, including the dividend due on 
that day, and exclusive of unclaimed dividends no longer denumdable at their 

offices, .......... 1,430,976 71 

2. Unclaimed dividends payable at the treasury, . _ - . 7,791 66 



'^'he provision made for the above objects was as follows: 

1. Cash due from commissioners of loans deceased, and out of office, $2,295 06 

2. Cash in the hands of acting commissioners of loans, - - 1,419,701 24 

3. Amount over advanced at the treasury for payment of unclaimed 
dividends, -......- 1,098 10 



1,438,768 37 



1,423,095 



Leaving the sum wanted on 1st January. 1806. to meet all the payments on ac- 
count of the domestic debt, - - ■ - - - - - - 15,673 37 



Total amount of provision for the public debt, renraining unapplied on the 3Ist December, 1805. $1,647,475 89 



30 tt 



230 



FINANCE. 



ti