1

2d Session.

FINANCES.

LETTER

Treas. Dept.

FROM THE

SECRETARY OF THE TREASURY, Transmitting his annual report on the state of the Finances.

DECEMBER 6, 1832.

Referred to the Committee of Ways and Means, except so much as relates to Commerce,

which is referred to the Committee on Commerce.

TREASURY DEPARTMENT, 5th December, 1832.

SIR: I have the honor to transmit a report prepared in obedience to the "Act supplementary to the act to establish the Treasury Department.' I have the honor to be,

With great respect,

Your obedient servant,

LOUIS M'LANE, Secretary of the Treasury.

To the Honorable the SPEAKER of the

House of Representatives of the U. S.

REPORT ON THE FINANCES.

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

1. OF THE PUBLIC REVENUE AND EXPENDITURES.

The receipts into the Treasury, from all sources during the year 1830, were

The expenditures for the same year, including payments on account of the public debt, were

$24,844,116 51

$24,585,281 55

The balance in the Treasury on the 1st of Jan., 1831, was
The receipts from all sources, during the year 1831, were

Leaving a balance in the Treasury on the 1st of Jan., 1832, of $4,502,914 4: The receipts into the Treasury, during

the first three quarters of the present

year, are estimated at

$23,918,659 51

Viz:

- 21,730,717 99

Incidental receipts, (H,)

And, with the balance on the 1st of January, 1832, forming an aggregate of

$31,752,659 5

$36,255,573 9

3

Military service, including fortifications, ordnance, Indian affairs, pensions, arming the militia, and internal

improvements,

Naval service, including the gradual improve. ment of the Navy, Public debt,

5,655,280 52

3,213,597 98

- 11,335,857 89

The expenditures for the fourth quarter, including $6,744,199 57 on account of the public debt, are estimated, on data furnished by the respective departments, at

$10,742,774 22

Making the total estimated expenditures of the year

And, leaving in the Treasury on the 1st of January, 1833, an estimated balance, including the Danish indemnity, of

$34,611,466 03

$1,644,107 93

This balance, however, includes the funds, estimated at $1,400,000; heretofore reported by this department, as not effective.

The appropriations remaining unsatisfied at the close of the year are estimated at $6,308,421 25, but of this amount it is estimated by the proper departments

1. That the sum of $5,475,202 26 only will be required for the objects for which they were appropriated:

2. That the sum of $652,198 27 will not be required, and may, therefore, be considered as an excess of appropriation, and is proposed to be applied, without being re-appropriated, in aid of the service of the year 1833, as will more fully appear when the estimates of the appropriations for that year are presented:

3. That the sum of £181,020 72 will be carried to the surplus fund, either because the objects for which it was appropriated are completed, or because these moneys will not be required for, or can no longer be applied to, them.

2. OF THE PUBLIC DEBT.

The disbursements on account of the public debt during the year 1832, will amount, as has been already shown,

to

Of which there will have been applied

to the payment of principal

And to interest

$ 18,080,057 46

$17,302,410 82
777,646 64

Of this sum, all over the annual appropriation of ten millions of dollars, will have been applied, with the President's sanction, under the discretionary authority granted by the act of the 24th of April, 1830.