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9d Session.

Treas. Dept.

FINANCES.

LETTER

FROM THE

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

DECEMBER 6, 1832. Idened 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. Sar: 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

$24,844,116 51

The expenditures for the same year, including pay

ments on account of the public debt, were

$24,585,281 55 $6,014,539 28,526,820

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

Viz:
Customs,

24,224,441 77 Lands, (statement D,)

3, 210,815 48 Dividends on bank stock, (E)

490,000 00 Incidental receipts, (E)

152,314 04 First and second instalment under the Convention with Denmark,

449,249 53

Making, with the balance, an aggregate of
The expenditures for the same year, were (F,)

$34,541,360 30,038,446

Viz: Civil list, foreign intercourse, and miscellaneous

3,064,646 10 Military service, including fortifications,

ordnance, Indian affairs, pensions, arming the militia, and internal improvements,

6,943,238 73 Naval service, including the gradual improvement of the Navy,

3,856,183 07 Public debt,

- 16,174,378 22 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: Customs,

21,730,717 99 Lands, (G)

1,610,130 18 Bank dividends, (H) 490,000 00 Incidental receipts, (H,)

87,811 34

The receipts for the fourth quarter, in.

cluding the 3d instalment of the Danish indemnity, are estimated at

- $7,834,000 00

$31,752,659 5

Making the total estimated receipts of the year -
And, with the balance on the 1st of January, 1832, form-

ing an aggregate of
The expenditures for the first three quar-

ters of the present year, are estimated at (1)

$23,868,691 81

$36,255,573 96

Viz:

Civil list, foreign inter

course, and miscellaneous,

3,663,955 42

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lilitary service, including fortifications, ordrance, Indian affairs, pensions, arming the militia, and internal

improvements, • 5,655,280 52 Naval service, including

the gradual improve.

Dent of the Navy, 3,213,597 98 Public debt,

- 11,535,857 89

The empenditures 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

$34,611,466 03

And, leaving in the Treasury on the 1st of January, 1833,

an estimated balance, including the Danish indemnity, of.

$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 .

$ 18,080,057 46 Of which there will have been applied to the payment of principal

$ 17,302,410 82 And to interest

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.

a

The stocks which will have been redeemed, by the application of th um, during the year, are as follows: The residue of the four and a half per cent stock, issued

under the act of the 24th May, 1824; being the last of the stock issued for the purchase of Florida

$ 1,739,524 The whole of the three per cent. stock, issued under the

act of the 4th of August, 1790; heing the last of the funded debt of the revolution

13,296,705 One half of the exchanged four and a half per cent. stock, issued under the act of the 26th of May, 1824

2,227,363 And the whole of the exchanged five per cent. stock, issued under the act of the 20th of April, 1822

56,704 Which two last mentioned stocks, are parts of the debt

arising out of the late war. Also, certain portions of the old registered debt, which

have been presented for payment; being part of the unfunded debt of the revolution

237 The whole of the public debt, which, by the terms of the several loar the United States have a right to redeem, up to the 1st of January next, w have been then paid off; making the entire sum of about fifty-eight millio of dollars, applied to the debt since the 4th of March, 1829. On the 1st of January next, the public debt will be reduced to (K.)

$7.001.698

viz.
1. The tunded debt, amounting to - $6,962,660 28

consisting of the five per
cents. issued under the
act of the 3d of March,
1921, and redeemable af-
the 1st of January, 1835 $4,735,296 30
and the residue of the ex-
changed four and a half per
cents, issued under the act
of the 26th of May, 1824,
and redeemable, after the
31st of December, 1833 $2,227,363 98

H

$ 39,038 55

2. The unfunded debt, amounting to

consisting of the registered debt, being claims registered prior to the year 1798, for services and supplies during the revolutionary war

$27,602 46 Treasury Notes, issued during the late war,

7,116 00 and Mississippi Stock

4,320 09

These three last sums, composing the unfunded debt, are payable on thi

presentation of the certificates.

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