] 
 
/ 
 
LETTER 
 
 PROM THE 
 
 g)ecretarp of tlje %xmm^ 
 
 TRANSMITTING 
 
 ^ STATEMEJVT 
 
 OF 
 
 THE VALUATIONS OF LANDS, LOTS, 
 
 AKD 
 
 DWELLING HOUSES, 
 
 AND OP 
 
 SLAVES, 
 
 IN 
 
 THE SEVERAL STATES, MADE UNDER THE ACT OP THE 22d OP JULY, 
 
 January 25th, 1816. 
 Read, and ordered to lie upon the table. 
 
 WASHINGTON: 
 
 PRINTED BY WILLIAM A. DAVIS, 
 
 1816. 
 
Treasury Department., jfanuary 25, 1816. 
 
 SIR, 
 
 In obedience to the resolution of the House of Representatives 
 of the 22d instant, I have the honour to transmit a statement of the 
 amount of the vakiations of Lands, Lots, and Dwelling Houses, and of 
 Slaves in the several States, made under the act of Congress of the 22d 
 of July, 1813 ; so far as the same have been returned by the principal 
 Assessors to this Department. 
 
 I have the honour to be, 
 Very respectfully, 
 Sir, 
 
 Your obedient servant, 
 
 A. J. DALLAS. 
 
 The honourable the Speaker of the 
 
 House of Representatives, 
 
STATEMENT 
 
 Of the amount of the valuations of lands, lots, and dwelling houses, and 
 of Slaves, in the several States, made under the act of congress of the 22d of 
 July, 18J3, and i-eturned by the principal assessors to the treasury. 
 
 The States of New-Jersey, Pennsylvania, Virginia, South-Carolina, Georgia, 
 Ohio, and Kentucky, assumed and paid their quotas of the tax ; and no valu- 
 ations, therefore, were made, under the act of July 22d, 1813, in those 
 States. 
 
 STATES. 
 
 Value of lands, 
 lots, and dwell- 
 ing houses. 
 
 Value 
 of slaves. 
 
 Total 
 valuation. 
 
 Dolls. 
 
 Dolls. 
 
 Dolls. 
 
 36,9.57,825 
 149,253,514 
 32,747,290 
 21,567,020 
 86,546,841 
 265.224,983 
 14,218,950 
 106,490,638 
 58,114,952 
 28,748,986 
 
 • « f 
 
 • » • 
 
 • • • 
 
 3,192 
 842,162 
 142,519 
 14,525,845 
 34,082,545 
 9,662,925 
 
 36,957,825 
 149,253,514 
 32,747,290 
 24,567,020 
 86,550,033 
 266,067,145 
 14,361,469 
 121,016,483 
 92,197,497 
 38,411,911 
 
 2,312,785 
 
 2,284,765 
 
 4,597,550 
 
 New-Hampshire, 
 Massachusetts, 
 Vermont, 
 Rhode-Island, . 
 Connecticut, 
 New-York,(a) . 
 Delaware, (A) 
 Maryland, 
 North-Carolina,(<?) 
 Tennessee,(c/) . 
 Louisiana, one district, viz. the 
 second, (e) 
 
 NOTES. 
 
 (a) The returns from two districts (the 12th and 25th) of the valuations 
 for the year 1814 have not been received. The valuations of these two dis- 
 tricts for the year 1815 have been taken. In four districts (the 7th, 12th, 
 21st, and 25th) the valuation of slaves is not given distinctly from the valua- 
 tion of lands, lots, and dwelling houses. 
 
 (S) In one district (the 3d) the valuation of slaves is not given distinctly 
 from the valuation of lands, lots, and dwelling houses. 
 
 (c) In two districts (the 5th and 12th) the valuation of slaves is not given 
 distinctly from the valuation of lands, lots, and dwelling houses. 
 
 (</) The returns from one district (the 3d) of the valuations for the year 
 1814 have not been received. The valuation of this district for 1815, as fixed 
 by the board of principal assessors, has been taken. The valuation of slaves 
 in two districts (the 3d and 4th) are not given distinctly from the valuation of 
 lands, lots, and dwelling houses. 
 
 (e) No returns for the year 1814 have been received from any of the dis- 
 tricts except the 2d, here given. 
 
 2 
 
-LETTER 
 
 FROM THB 
 
 ecretarp of tlie Creagur? 
 
 TUANSMITTING HIS 
 
 AJyjVUAL REPORT 
 
 ON THE 
 
 STATE OF THE FINANCES 
 
 December 20, 181 G. 
 Referred! to the Committee of Ways and Means', 
 
 WASHINGTON: 
 
 PR1?;TED by WILLIAM A. DAViS. 
 1816. 
 
TREASURY DEPARTMENT, 
 
 December 16th, 1816. 
 
 SIR, 
 
 I have the honour to transmit, herewith, a report prepared in obedience 
 to the " Act supplementary to the act entitled an Act to estabhsh the Treasury 
 Department." 
 
 I have the honour to be. 
 Very respectfully. Sir, 
 
 Your obedient servant, 
 
 WM. H. CRAWFORD, 
 
 The honourable Speaker 
 
 of the Home of Representalivca. 
 
REPORT. 
 
 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, internal 
 duties, direct tax, public lands, postage, and incidental receipts which accrued 
 during the year J 814, amounted to . . . 11,500,606 25 
 
 And thai which accrued from the same sources during the 
 year 1815, amounted to . - . . 49,893,219 02 
 
 Viz. ' 
 
 Customs, as appears by statement A. 36,643,598 77 
 
 Infernal duties, . . B, 5,963,225 88 
 
 Direct tax. . . . C. .5,723,152 25 
 
 Public lands, . • 1,287,959 28 
 
 Postage and incidental receipts, 275,282 84 
 
 849,893,219 01 
 
 The revenue which has accrued from the same sources 
 during the three iirst quarters of the year 1816, and that 
 which will accrue during the remaining quarter, is estimated 
 to amount to ..... . 38,650,000 Ol) 
 
 Viz. 
 
 Customs, . . . 30,000,000 00 
 
 Internal duties, . , 4,150,000 00 
 
 Direct tax (nett proceeds) . 2,700,000 00 
 
 Public lands (exclusive of receipts in 
 
 the Mississippi Territory) 1,500,000 00 
 
 Postage and incidental receipts, 300,000 00 
 
 $38,650,000 00 
 
 The receipts in the Treasury from the same sources 
 during the year 1816, are estimated 46,900,000 00 
 
 Viz. 
 
 Customs, . . . 36,000,000 00 
 
 Direct tax, . . . 4,200,000 00 
 
 Internal duties, . . 4,900,000 00 
 
 Pulic lands, . . . 1,500,000 00 
 
 Postage and incidental receipts, 300,000 00 
 
 46,900,000 00 
 
Receipts from loans and treasury notes : 
 
 Loans under the act of 1 5th November, 1814, 243,911 39 
 
 Do. do. 3d March, 1815, 318,675 52 
 
 Do. temporary loans, . . . 150,000 00 
 
 Apaount actually borrowed to 30th Sep- 
 tember, 1815, 712,586 91 
 Treasury notes : amount issued prior to the 
 1st October, 1816, under the act of 24th 
 February, 1815. 
 Notes bearing interest per state- 
 ment L. 4,274,800 00 
 Small treasury notes 
 not bearing interest 
 amount issued and 
 re issued 5,773,168 00 
 
 10,017,963 00 
 
 10,760,554 91 
 
 Making the total amount estimated to be actually receiv- 
 in the Treasury during the year 1816, . . 57,660,554 91 
 
 Cash in the Treasury at the commencement of the year 
 (including an item of $6,361,125 43 in treasury notes) which 
 had been paid for duties and taxes, . . . 13,106,592 88 
 
 Making the amount estimated to be actually recived into 
 the Treasury, during the year, including the sum in the Trea- 
 sury on the 1st day of January, last, . . . 70.667,147 70 
 
 The application of the moneys actually received into the 
 Treasury during the year 1816, will he as follows : To the 30th 
 September the payments have amounted to the following sums 
 nearly ; — (the accounts being not yet made up the precise 
 amount cannot be given) 
 
 For civil, diplomatic, and miscellaneous 
 
 expenses, . . 2,359,404 99 
 
 Military service (including an arrearage 
 
 of $11,212,560 00) . 14,079,009 27 
 
 Naval service, , . 2,707,009,27 00 
 
 Public Debt, viz. 
 Interest and reim- 
 bursement, $8,009,936 34 
 Reimbursement and 
 Interest of I'rea- 
 
 suiy notes, . 5,606,650 24 
 
 13,616,586 53 
 
 32,762,416 81 
 
 During the fourth quarter of the year the payments are 
 (intimated to amount to tlic following sums: vie. 
 
 For civil, diplomatic and miscellaneous 
 
 expenses, . . 750,000 00 
 
 Military service, . . 2,450,000 00 
 
 Naval service, . . 1,200,000 00 
 
 Public debt, viz. interest ai\d reim- 
 bursement to the 1st of January, 
 18 lb, inclusive, . . 2,100,000 00 
 
7 
 
 .1 
 
 Ditto. Reimburse- 
 ment of Trea- 
 sury notes 13,000,000 00 
 
 15,100,000 00 
 
 19,500,000 00 
 
 52,262,416 84 
 
 The receipts into the Treasury during the 
 
 year have been t'stituated at . 57,669,564 91 
 
 And the balance at the commencement, 13,106,592 33 
 
 70,767,147 79 
 
 Leaving in the Treasury, on the 1st January, 1817, the 
 sum of . . . . . . $18,504,730 95 
 
 Of which sum it Is estimated that 10,000,000 will be in cash, and the re- 
 mainder in Treasury notes, principally issued under the act of the 24th of Fe- 
 bruary, 1815, which cannot be reimbursed without an appropriation for that 
 purpose. 
 
 Notwithstanding the favourable situation of the Treasury, the disordered 
 state of the currency still continues to embarrass the fiscal operations of the 
 government. The expectation which had been formed, that the demands upon 
 the Treasury, in the eastern section of the Union, might be paid in the local 
 currency by the end of the year, has not been realized. To discharge the 
 claims in that quarter," arising from the interest and reimbursement of the pub- 
 lic debt, whi; h will be payable on the 1st of Januafy next, small Treasury notes 
 must be issued, or a temporary loan must be obtained from the Bank of the 
 United States, to the amount of those demands. The latter alternative has 
 been embraced, and a proposition for that purpose has been made to the bank 
 and has been favourably received by it. 
 
 When those claims are satisfied; there will be no further embarrassment 
 until the next quarteily payment of interest. To prevent the necessity of re- 
 sorting again to loans, for that object, the re-issue of Treasury notes, of all 
 descriptions should be discontinued. When this course is adopted and per- 
 severed in, the revenue in that quarter will be collected in current money, and 
 will be more than sufficient to satisfy all the claims of the public creditors. 
 The more certainly to effect that object, it is respectfully recommended, that 
 an appropriation be made during the present session of Congress, for the re- 
 imbursement of the whole of the Treasury notes, issued under the act of the 
 24th of February, 1815. The Treasury notes issued under the preceding- 
 laws, have either been reimbursed, or provision made for that object during 
 the last quarter of the year. The acts under which they issued having, by 
 appropriations, provided for their reimbursement, no further appropriations 
 are necessary for that purpose. 
 
6 
 
 OF THE PUBLIC DEBT. 
 
 The funded debt contracted before the late war, which 
 was unredeemed on the 1st of January, 1816, amounted as 
 
 appears by statement B. to . . . . 38,340,906 77 
 
 By the same statement, it appears that the funded debt 
 contracted on account of the late war, amounted on that day 
 
 to ...... . 65,944,434 20 
 
 Making the whole funded debt, on the 1st of January, 
 J! 816, amount to ..... 104,258,341 06' 
 
 To which must be added temporary loans, 
 Viz. 
 
 Due the State Bank, Boston, . S 500,000 00 
 Cumberland Bank, Maine, 50,0U0 00 
 
 Banks in the District of Columbia, 17.'>,000 00 
 State of New-York, . 350,000 00 
 
 1,075,000 00 
 
 Mr.king an aggregate amount, on that day, of 105,350,341 06 
 
 To this amount tnere has been added between the first 
 day of Janury, 1816, and the 30th of September, the follow- 
 sumi 
 Viz. 
 
 6 per cent stcck of 1814, . . 229,801 31 
 6 per cent stock of 181.5, . . 335,448 90 
 
 6 ner cent Treasury-note stock, 58,245 78 
 
 7 percent do . . ' . 4,570,621 00 
 
 From which deduct temporary loans 
 paid off, . . 1.025,000 00 
 
 Reimbursement of old six 
 per cent, and deferred stock, 846,639 76 
 
 5,257,116 90 
 
 1.871,639 70 
 
 .3,385,477 
 
 Making the whole public debt, on the 30th of September, 
 1816, as appears by statement C, amount to . 108,745,813 29 
 
 Viz:— 
 
 Old fimded debt, . . 37,494,267 01 
 jNew fimded debt, . . 71,201,551 28 
 Temporary Loan, . . . 50,000 00 
 
 Si 08,745,8 18 29 
 
Kdd the amount of 7 per cent, e^ock, which it is estimated * 
 will be trcat 'd cJunn^ the last quarter of the jear, by fund- 
 
 fcg small Treasury notes, .... 520,405 00 
 
 Makes the estimated amount of the public debt, on the 
 1st of January, 1817, .... 109,266,223 29 
 
 The subscription to the Bank of the United States, on the 
 part of the government, will create 5 per cent, stock to the 
 
 amount of ..... 7,000,000 09 
 
 And the compromise with the Yazoo claimants has created 
 
 stock to the amount of < . . . 4,098,615 29 
 
 But as the first is only an exchang-e for the same amount of bank capital* 
 which will, probably, produce an excess of dividends, beyond the interest pay- 
 al'le on the Slock, equal to the reimbursement of the principal, before the ex- 
 pii alion of the charter, and the second bears no interest, and will, pr obably, be 
 reimbursed by the sales of the public lands, in the Mississippi Territory, during 
 the three succeeding yearsy no further provision for tueir ultimate redemj)tion 
 appears to be necessary. 
 
 SINKING FUND. 
 
 According to the existing laws, the sinking fund consists of a permanenl 
 appropriation of 8,000,000 dollars per annum, which is vested in the commis- 
 sioners of the sinking fund ; to be by them applied to the payment of the in- 
 terest of the public debt, and to the redemption of the princ ipal. Of this sum 
 there will be required, during the year 1817, for the payment of interest. 
 g6,084,4l5 93; leaving the sum of S1,9I5,584 07 to be apphed to the re- 
 demption of the principal of the debt. Tiiis sum, operating upon the principle 
 of compound interest, will not redeem the whole amount of the funded debt 
 before tfse year 1742. An attentive examination of the rise and progress ot 
 public debts in other countries, caimot fail to impress tiie American republic 
 with the necessity of making s'litable exertions, in periods of peace, to release 
 the national revenue from so heavy an encumbrance. Although, from our happv 
 form of government, and Irom our fortunate geopraphical position, we mav 
 reasonably calculate upon b -ing less frequently subjected to the calamitifs of 
 war. than has hitherto i'allen to the lot of other civilized nations, yet, reason and 
 e-.peri'-nce forbiti the expectation that we shall be exempted from its eviis 
 until the rf demption of the public debt shall be effected by the operauon of 
 the existing sinking fund. 
 
 By referring to the laws authorizing the several loans, which, during the 
 late war, have swelled the public debt to its present amount. Congress has 
 unilbunly pledged the faith of the natiuii to provide sufficient funds for the 
 payment of the interest, and the redemptit n of the principal of the debt so 
 created. Ti)e time has now arrived when that pledge ought to be redeemed. 
 It is, ther fore, respectfully proposed, that there be annually appropriated the 
 gum of g2,OQ0vJ00,in addition to the sum of $8,009,000 now applicable to 
 the payment of the interest, and the redemption of I'ae principal of the puhlic 
 debt; and, that that sum be vested in the comqjissionei s of the sinking fund» 
 
10 
 
 to be applied in the same mariner as the existing siuking fund. It ig, also, pr#' 
 posed that when the six per cent, stock can be purchased at par, or the 7 per 
 cent stock can be purchased at 6 per cent premium, or when a greater amount 
 can be redeemed, according to the conditions attached to tlie different loans, of 
 which the funded debt is composed, than the amount of the sinking fund appli- 
 cable to the redemption of the principal of the funded debt within any one year, 
 there be paid to the commissioners of the sinking fund the further sum of 
 Si, 000,000 out of any money in the Treasury not otherwise appropriated, if 
 such payment can be made ; leaving a balance in the Treasury, at the end of 
 the year, of ^2,000,000; which additional sum shall be applied to the redemp- 
 tion, or purchase, of the principal of the debt. 
 
 As die funded stock which may be subscribed by individuals to the Bank 
 of the United States is redeemable at the will of the government, and as the 
 Louisiana stock is to be reiuibursed in four annual instalments, commencing in 
 the year 1818, the effect of the provision will be, an annual addition of 
 g 1,000,000 for the succeeding six years, if the state of the Treasury will 
 admit of its execution. 
 
 By the operation of the sinking fund, thus enlarged, the whole funded 
 debt will be extinguished within the term of fourteen years. In the present 
 unsettled state of the revenue, arising from excessive importations of foreign 
 merchandise during the previous and present year; from the change in the 
 rate of duties imposed upon merchandise; and from changes made in the 
 various branches of internal revenue, it would be unsafe to vest the whole of 
 the surplus revenue of the present year in the commissioners of the sinking 
 fund, as there is strong reason to believe, that the revenue which will accrue 
 during the year 1817, will fall considerably below the permanent annual 
 expenditure, inclusive of the addition proposed to be made to the .sinking fund. 
 That deficiency, as well as any other which may occur in the two succeeding 
 years, will be covered by the balances which it is estimated will be in the 
 Treasury on the 1st day of January, 1817, and 1818. 
 
 Of the Estimates of the Public Revenue and Expenditures for the year 1816. 
 
 The probable authorized demands upon tiie Treasury, during the year 
 1 81 7, are estimated to amount to .... ^521,751,797 57 
 Viz. 
 
 Civil, diplomatic, ani miscellaneous 
 
 expenses, g 1,765,51 3 03 
 
 Military service, (including an arrear- 
 age of g 1,540,000,) . . 7,999,625 79 
 
 Naval service, (including S 1,000,000 
 
 for permanent increase of navy,) 3,986,658 75 
 
 Public debt, , . 8,000,000 00 
 
 21,751,797 57 
 
 Deduct war arrearage, ..... 1,540,000 00 
 
 $20,211,797 57 
 
Add for annual incidental expenditures, not embraces^ in 
 the estimate, . . . . . . 288,202- 43 
 
 Making the permanent annual expenditure . . 20,500,000 00 
 To which, add the sum proposed to the sinking fund, 3,000,000 Od 
 
 Making in the whole, an aggregate amount, for the 
 permanent annual expenditure, until the public debt is re- 
 deemed, of , . . ... 23,500,000 0» 
 
 The Annual Report of the Secretary of the Treasury, for the year 1815, 
 estimated the revenue which would accrue during the year 1816, under the 
 modifications proposed by that report to the existing laws for raising revenue, 
 at . . . . . . . ig25,600^000 00 
 
 Viz. 
 
 Customs, . . . §17,000,000 00 
 
 Internal duties, . . 4,500,000 00 
 
 Direct tax, (nett proceeds,) , 2,700,000 00 
 Public lands, . . . 1,000,000 00 
 
 Postage and incidental receipts, , 400,000 00 
 
 S25,600,000 00 
 
 But the revenue which has actually accrued during the 
 year is estimated, as already stated, at . . . 38,650,000 00 
 
 Making an aggregate excess, beyond the estimate of 
 the last year, of . . . . . .1 3,050,000 00 
 
 Which excess has arisen, principally, in the customs. 
 
 By the same Report, the money receivable into the Treasury during the 
 year 1816, arising, principally, from revenue which accrued during the year 
 1815, was estimated at g33,400,000 00 
 
 Viz 
 
 Customs, .... 21,000,000 
 Internal duties, ... 5,000,000 
 
 Direct tax, .... 6,000,000 
 Public Lands, . . . 1,000,000 
 
 Postage, and incidental receipts, . 400,000 
 
 33,400,000 
 
 But the -actual receipts into the Treasury during the 
 year, from those sources of revenue, are estimated at . 49,600,000 00 
 
 Leaving an excess of receipts beyond the estimate, of Si 3,500,000 00 
 
 The actual excess in the customs, beyond the estimate of 
 1815, being . . . . . 15,000,000 00 
 
 In the internal duties, direct tax, and postage, there is a 
 <le.6cit of ..... , 2,000,000 00 
 
 13,000,000 00 
 
IB 
 
 And an exces4 in public lands, of , . . . 500.000 00 
 Making, as before stated, the whole excess . < $ 1 3,500,000 OO 
 
 The comparative statements just presented prove the extreme difficulty- 
 there was in 1815 of making any estimate upon which reliance could be placed. 
 The excessive importations of foreign merchandise, during the past and p'e- 
 sent year, have, but in a sii;^ht degree, diminished that difficulty. The revenue 
 which accrued fr om imports and tonnage during the three first quarters of the 
 year 1816, have averaged nine millions of dollars a quar ter ; while that which 
 will have accrued during the last quarter, is estimated at not more than one 
 third of that sum. As the redundancy of foreign merchandise in the country, 
 which has produced this extraordinary reduction of duties in the fourth quarter 
 of the year, will continue to influence the importations of the year 1817. the 
 revenue accruing fi om that source during the yeai', probably canm.t be safely 
 estimated above twieve millions. 
 
 We must look, therefore, to the revenue accruing in the year 1818, as the 
 average revenue arising from duties and taxes of a permanent character, by 
 which the permanent expenditures of the government sh;,u!d be regulated. 
 From the facts in the possession of the Department, the revenue which will 
 accrue during that year is estimated ae follows : viz. 
 
 Customs, . . . 18,000.000 00 
 
 Internal duties, . . . 2.500,000 00 
 
 Public lands, . . . 1,. 500,000 00 
 
 Postage and incidental receipts, . 250,000 00 
 
 Making an agi^regate amount of . . . g 22,250,000 00 
 In the year 1819 the first instalment of the bonus, payable 
 by the bank of the United States, becomes due, . . 500^000 00 
 
 During the same year, it is believed that the claim of the 
 State of Georgia will be paid, and the Mississippi stock will be 
 absorbed by the sale of public lands in the Mississippi Terri- 
 tory, which will give an additional revenue from the public 
 lands for the year 1820, and for subsequent years, of . . 1,509,000 "00 
 
 Making the revenue for the year 1820 amount to 24,250,1.00 00 
 
 Which may be estimated as the permanent annual reve- 
 nue after" that period. 
 
 Biit the receipts into the Treasury, during the year 1817, 
 are esti'uatcd as follows : viz. 
 
 Customs, . . . 21,000,000 00 
 
 Internal duties, . . . 2,900,000 00 
 
 Dire*"t tax, (outstanding and receivable 
 
 that year,) . . . 2,000,000 00 
 
 Public lands, . . . l,50i).0ao 00 
 
 Postage and incidental receipts, 250,000 00 
 
 30,650,000 00 
 
 To which add the balance in the Treasury on the 1st day 
 of that year, . . . . , . 10,000,000 00 
 
 Total Ways and Meaos for 1817, 
 
 40,650,000 00 
 
13 
 
 The expenditure for that year, as before stated, including 
 the proposed addition to the sinking fund, is estimated to 
 amount to ... .... . 25,000,000 00 
 
 Leaving a balance in the Treasury on the 1st day of 
 January, 1818, of . . . . . * IS.G.'jO.OOO 00 
 
 JFa j/s and Means /or 1 8 1 8. 
 
 Balance in the Treasury as before 
 
 stated, .... 1.5,650,000 00 
 Customs, . . . 12,000,000 00 
 
 Internal duties, . . . 2,500,000 00 
 
 Public lands, . . . 1,500,000 00 
 
 Postage and incidental receipts, . 250,000 00 
 
 31,900,000 00 
 
 The permanent expendi(ure, including the proposed 
 addition to tiie sinking fund, has been estimated at, 23,500,000 00 
 
 Balance in the Treasury on the Ist of January, 1819, 
 estimated at . . . . . . " 8,400,000 00 
 
 Ways and Means for 1819. 
 
 Balance in the Treasury as above stated, 8,400,000 00 
 Customs, . . . . 18,000,000 00 
 
 Internal duties, . ' . . 2,500,000 00 
 Public Lands, ... . 1,500,000 00 
 Bonus from the United States' Bank, 
 
 payable this year, . . 500,000 00 
 
 Postage and incidental receipts, 250,000 00 
 
 31,150,000 00 
 
 Permanent expenditure as before stated, . . 23,500,000 00 
 
 Leaving in the Treasury, on the 1st day of January, 1820, 
 
 a balance of 7,650,000 00 
 
 After which period the permanent revenue, as before 
 stated, is estimated to exceed the permanent expenditure, taken 
 
 as the basis of this report, by the annual amount of . . 750,000 00 
 
 Making an excess of revenue beyond the estimated 
 -expenditure during ihe next four years, of . . . gJ^.400,000 00 
 
14 
 
 Applicable to such objects of internal improvement ornational defence as 
 the wisdom of Congress may direct. 
 
 All which is respectfully submitted. 
 
 WM. H. CRAWFORD, 
 
 Secretary of the Treasury. 
 
 Treasury Department^ 
 Dttcember 16, 1816. 
 
15 
 
 O) o 
 O -O 
 
 is^ a 
 
 to 
 
 9 « 
 
 o o 
 
 o 
 
 CS 
 
 C3 
 
 o 
 
 ZS <ii 
 
 s 
 
 3 bo 
 Owe 
 
 — I 
 
 = -5 -73 
 
 03 C 
 
 be ^ o 
 
 ;| £ c 
 
 C5 O 
 
 Nett Revenue. 
 
 Dollars. 
 36,643,698 77 
 
 uses on col- 
 lection. 
 
 Dollars. 
 408,893 49 
 
 Expei 
 
 
 Gross Revenue. 
 
 Dollars. 
 37,052,492 26 
 
 1 
 
 n 
 
 
 Debentures : 
 sued. 
 
 Dollars. 
 1,650,671 
 
 
 0 
 0 
 
 'asspoits. 
 
 Dollars. 
 15,932 
 
 
 
 i cj 
 
 0 
 
 bD 
 
 a 
 
 c 
 
 c 
 
 0 
 
 Dollars. 
 618,341 00 
 
 
 0 
 
 c; 
 .15 
 ^5 
 
 0 
 
 i- CO 
 
 5 
 
 
 Morel- 
 
 
[B] 
 
 STATEMENT 
 
 Of the Funded Debt of the United States, and of Temporary Loans, on thr 
 
 first of January, 1816. 
 
 FUNDED DEBT, 
 
 Exclusive of sums passed to the credit of the sinking fund. 
 
 6 per cent stock, . 517,250,871 41 
 3 per cent stock, . 16,158,180 79 
 Deferred do. . 9,358,320 34 
 
 Louisiana do. . 10,923,500 00 
 
 6 per cent do. 1796, 80,000 00 
 
 ExchangedGp.ct. do. 1812, 2,984,746 72 
 
 -56,755,619 26 
 
 6 per cent Stock of 1812, 
 
 11 million loan, . . 7,810,500 00 
 6 per cent Stock of 1813, 
 
 16 million loan, . . 18,109,377 43 
 6 per cent Stock of 1813, 
 
 71 million loan, . 8,498,581 95 
 6 per cent Stock, of 1814, 
 
 25 million loan, . 15,661,818 54 
 6 per cent Stock, of 1815, 
 
 18,452,800 loan, . 11,952,700 74 
 
 6 per cent Stock, of Trea- 
 sury notes bearing inter- 
 est funded at par, . 2,481 63 
 
 7 per cent Stock, of small 
 
 Treasury notes funded, 3,908,974 00 
 
 65,954,434 29 
 
 122,700,053 55 
 
 TEMPORARY LOANS. 
 
 Due the State Bank, Boston, . 500,000 00 
 
 Cumberland Br.nk, Maine, . 50,000 00 
 Banks in the District of Columbia, 175,000 00 
 State of New-York, . . 350,000 00 
 
 1,075,000 00(c) 
 
 S123,775,053 55 
 
17 
 
 Statement B CQntinueid. 
 
 Nominal amount of the funded debt and temporary loans, 
 
 1st January, 1816, . . . B 1 23,775,053 55 
 
 Deduct reimbursement of the old six per 
 cent and deferred Stocks to the 31st 
 December, 18 J 5, per Treasury set- 
 tlements, . . . 24,341,990 68(A| 
 From this sum deduct re- 
 imbursement paid, or 
 stock subsequently trans- 
 ferred to the sinking 
 fund, . . . 28,748 02 
 And the difference be- 
 tween the nominal a- 
 mount of sis per cent, 
 and deferred stock ex- 
 changed, and the a- 
 mount of exchanged 
 stc^k issued in lieu 
 thereof; . . 5,898,530 17 
 
 5,627,278 19 
 
 18,414,712 49 
 
 Unredeemed amount 1st January, 181 6, $105,360,341 06(c) 
 
 J^ominal amount, as above stated^ brought down^ $123,775,053, 55 
 
 SINKING FUND. 
 
 The follovring sums are in the Treasury books, passed to the credit of this fund 
 
 Foreign Debt. 
 
 5 per cent stock, . 8,200,000 00 
 A\ per cent. do. . . 820,000 00 
 4 percent, do. . . 3,180,000 00 
 
 •12,200,000 00 
 
 Domestic Debt. 
 
 6 per cent stock, . . 1,946,026 92 
 
 3 per cent do. . . 698,555 41 
 
 Deferred do. . . . 1,005,179 83 
 
 8 per cent. do. . . 6,482,.'300 00 
 
 Exchanged 6 per cent, stock, 6,294,051 12 
 
 Converted 6 per cent. do. 1,859,850 70 
 
 4| per cent, stock, . 176,000 00 
 
 5i per cent. do. . . 1,848,900 00 
 
 Navy 6 per cent, stock, . 711,700 00 
 
 Louisiana stock, . . 326,500 00 
 
 6. per cent. do. of 1 8 12, . 32 4,200 00 
 
 -21,673,463 98 
 
 33,873,463 98 
 
 5 
 
 $I47,(i43,517 53(d) 
 
J 
 
 18 
 
 Statement 6 continued. 
 
 NOTES. 
 («) . 
 
 Amount of temporary loans unpaid 1st January, 1815, 
 Received into the Treasury in 1815. 
 
 From the City Bank New- York, ^200,000 00 
 Mechanics' do do . 200,000 00 
 Manhattan do do . 200,000 00 
 Mechanics' do do . 75,000 00 
 Bank of America, do . 75,000 00 
 Manhattan do do . 75,000 00 
 City Bank, do . 75,000 00 
 
 Mechanics' do do . 200,000 00 
 State of New-York, . 350,000 00 
 Banks in District of Columbia, 175,000 00 
 Bank of Virginia, , . . 450,000 00 
 Farmers' Bank of Virginia, 200,000 00 
 
 $600,000 00 
 
 Paid off in 1815, per public printed accounts, 
 Amount as above stated, 
 
 - 2,275,000 00 
 
 2,875,000 00 
 1,800,000 00 
 
 g 1,075,000 00 
 
 This is the aggregate of the several annual settlements predicated on the 
 quarter-yearly dividends payable from 1st January, 1796, inclusive, and, after 
 making the deductions herein stated, will, on the full payment of the old 6 per 
 cent and deferred stocks, accord with their present nominal amount. 
 
 (0 
 
 Unredeemed amount 1st January, 1815, 
 Additions in 1815. 
 3 percent stock, 
 
 6 per cent do. 1812, 
 
 do. do. 1814, 
 
 do. do. I8iri, . 
 
 do. Treasury notes, funded, 
 
 7 per cent small do, do. 
 
 Temporary loans, 
 
 $89,1 10,337 20 
 
 Deduct reimbursements of old 6 
 
 per cent and deferred stocks 
 
 in 1815, . . . $1,566,123 16 
 And temporary loans paid off 1,800,000 00 
 
 3 36 
 50,000 00 
 1,426.967 29 
 11,952,700 74 
 2,481 63 
 3,908,974 00 
 
 17,341,127 02 
 2,275,000 00 
 
 19,616,127 02 
 
 3,366,123 16 
 
 16,250,003 86 
 
 As above, 
 
 $105,360,341 06 
 
 i 
 1 
 
 i 
 
Statement B continued. 
 
 NOTES. 
 
 Nominal amount, including sinking fund 1st January, 1815, $139,832,390 51 
 
 Additions in 1815, including temporary loans, . . 17,816,127 02 
 
 As above, $157,648,517 53 
 
 Treasury Department, 
 
 Register's Office, December 19, 18l6. 
 
 JOSEPH NOURSE, Register. 
 
20 
 
 ESTIMATE 
 
 Of the Funded Debt of the United States, and of the Temporary Loan»}j 
 on the 1st of October, 1816. 
 
 FUNDED DEBT, 
 Exclusive of sums passed to the credit of the Sinking Fund. 
 
 Six per cent, stock, . i 
 Three per cent. do. 
 Deferred do. 
 . Louisiana do. . . . 
 
 Six per cent. do. of 1796, 
 Exchanged 6 per cent, of 1812, 
 
 Six percent, stock of 1812, 11 milhonloan, 
 Ditto of 1813, 16 do. . 
 
 Ditto do. 71 do. 
 
 Ditto of 1814 25| do. . 
 
 Ditto of 1815 18,4.52,800 do 
 
 Six percent, stock, Treasury notes per 25th ) 
 February 1815, funded, ^ 
 Seven per cent, stock, small Treasury 
 notes, funded, 
 
 $17,250,871 41 
 16,158,180 79 
 9,358,.320 34 
 10,923,-500 00 
 80,000 00 
 2,984,746 72 
 
 7,810,500 00 
 18,109,387 43 
 
 8,498,581 95 
 15,954,619 85 
 12,288,149 64 
 
 60,727 41 
 8,479,595 00 
 
 -56,754,619 26 
 
 TEMPORARY LOANS, 
 Due Cumberland Bank, Maine, 
 
 -71,201,551 28 
 127,^57,170 54 
 
 50,000 00 
 
 Nominal amount of funded debt and temporary loans, 1st) ^.^n^,,-, ..^ 
 _ October, 1810, J S 128,00/,! /O .54 
 
 $24,341,990 60 
 
 .Deduct reimbursement of the old six per 
 cent, and deferred stocks to the 31st De- 
 cember, 1815, per Treasury settlements, 
 
 To the 1st October, 1816, estimated at 
 
 Deduct, as per last annual statement, 
 yoredecmed amount, 1st October, 1816, 
 
 846,639 76 
 
 25,188,630 44 
 5,927,278 19 
 
 19,261,352 2b 
 
 (a) $108,745,818 29 
 
21 
 
 Statement C continued. 
 
 JYominai amount, as above stated, brought down, $128,007,170 51 
 
 SINKING FUND. 
 
 The following sums are, in the Treasury books, 
 passed to the credit of this fund. 
 
 Foreign Debt. 
 
 Five per cent, stock, . g8,200,000 00 
 Four and a half per cent, stock, 820,000 00 
 Four per cent, stock, . 3,180,000 00 
 
 ! 2,200.000 00 
 
 Domestic Debt. 
 
 Six per cent, stock, . 1,946.026 92 
 
 Three per cent, stock, . 698,555 41 
 
 Deferred stock, . . 1,005,179 83 
 
 Ei^ht per cent, stock, . 6,182,500 00 
 
 Exchanged six per cent, stock, 6,294,051 12 
 
 Converted six per cent, stock, 1,859,850 70 
 
 Four and a half per cent, stock, 176,000 00 
 
 Five and a half per cent, stock, 1.848,900 00 
 
 Navy six per cent, stock, . 711,700 00 
 
 Louisiana six per cent, stock, 326,500 00 
 
 Six per cent, stock of 1812, 324,^00 00 
 
 21.67:?,! 63 98 
 
 33,873,463 98 
 
 {b) $161,880,634 52 
 
 NOTES. 
 («) 
 
 Unredeemed amount, 1st January, 18J6, . . S 105.300,341 06 
 Ad Ji lions to 1st October, 1816. 
 
 . Six per cent, stock of IBM, . 292,801 31 
 
 Ditto of 1815, . 33.%448 90 
 
 Treasury note six per cent, stock, 58,245 78 
 
 Ditto seven per cent stock, 4,570,621 CO 
 
 5,257,116 99 
 
 110,617,458 05 
 
 Deduct temporary loans, paid off, . . 1,025,000 00 
 do. reimburse me fit of the old six per cent. 
 
 and deterred stock, . . 846.639 76 
 
 1,871,639 76 
 
 Unredeemed amount, as above, . . g 108,745,8 18 29 
 
 6 ~ 
 
22 
 
 Statement C continued. 
 
 NOTES. 
 
 Nominal amount, including sinking fund, 1st January, 
 
 1816, §157,648,517 53 
 
 Additions in 1816, 5,257,116 99 
 
 162,905,634 52 
 
 Deduct temporary loans paid to the State Bank, 
 
 Boston, . . . $500,000 00 
 
 Banks in the District of Columbia, . 175,000 00 
 The State of New-York, . . 350,000 00 
 
 1,025.000 00 
 
 Nominal amount, as above, . . . . § 161,880,634 52 
 
 .Treaswy Department^ 
 
 Register's Office, Dec. 19, 1816. 
 
 JOSEPH NOURSE, Register. 
 
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