Western Sun, Volume 7, Number 48, Vincennes, Knox County, 2 November 1816 — Page 1

THE WESTERN SUN.

From the Press of ELIHU STOUT, Publisher of the Laws of the United States. Vol. 7. VINCENNES, (Ind. Ty.) SATURDAY, NOVEMBER 2, 18 16. No. 48.

THE WESTERN SUN, IS printed weekly Two Dollars per annum, p lid in advance, or an attested HoTE) bmyablc at the end of the year , for Two Dollars & Fifty Cents. No Subscription vjill be received for a less term than one year and u ill not be discontinued untill all arrtarges are paid. R'here papers are sent by Post, the person subscribing, must pay the pastage. Advertisements of no more length than breath, will be inserted three times for Onk Dollar, and Twenty-Five Cents, for every after insertion. To avoid unpleasant disputes, it is request'

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ed.- 1 use sent Without such directions will be continued until forbid, and must be paid for accordingly. All letters, addressed to the Editor, must be Post paid, or they will not be taken out of the office.

Bat, on the lft of Jan. 1817

(the floating debt being extinguifhed, and additional reimburfements of the principal of the old ftock being effected) the whole amount of the public debt wiH probably, not exceed the fum of 109,748,272 11

Making a general reduction, between the 1 2th of February, 1816, and the lft of Jan. 1817, of public debt bearing intereft, amounting to the fum of 13,882 420 82 5. The whole amount of the liquida ted and afcertained arrearages of the war expenditures has been paid ; and ample provifion exifts to difcharge all the unliquidated claims, for fupplies and fervices, to the extent of the higheft cftimates hitherto formed. 6, The whole amount of the demands upon the treafury, for the principal and iutereft of the public debt, payable abroad ay

well as at home ; and the whole amount or eluding the lum of 211,440 the demand to fatisfy tbe debts contrattrd 50, received in the Mifliflippi

in Europe, on account of the war, are th- territory, and payable to Gcor-

II. Sketch of the actual receipts at the

treasury for 1813. lft. The cafh balance in the treafury (excluding of courfe, the item of treafury notes) on the lft Jan. 1816, Was 6,298,652 26 2d. The receipts at the treafury from the cuftoms, during the firft feven months af 18 16 (from the 1 fk of Jan. to the 1ft of Aug.) without any allowance for debentures on drawback, which may be eflimatcd at 1,829,564 33, amounted to 21,354,743 74 3d The direct tax including thealTumed quotas of N. York Ohio, S. Carolina Sc Georgia, for the diredl tax of 1316, has produced the fum of 3,713,963 68 4th. The internal duties have produced the fum of 3,864,000 5th. Poftage and incidental receipts. 127,025 38

6. Ses of public lands (ex

From the National Intelligencer, We have just been informed, that Mr. Dallas will leave this city on Thursday the lst of October, and that he does not return as secretary of the treasury. It is stated to be his intention to resume the practice of his profession in the courts of Penn. and in the supreme court of the U. States. During the period of this gentleman's adminirtration of the finances, the plans of the department, with slight variations have received the deliberate sanction of congress, and have been stamped with the general approbation of the nation. He may therefore contemplate, with an honorable pride, his official participation in the establishment, Or a system of internal revenue, advantageous in peace, and indispensable in war ; Of a tariff of duties on imports, founded upon principles equally favorable to commerce, agriculture and manufactures ; Of a national institution, operating to relieve the community from the evils of a depreciated paper currency, and to restore to the government its constitutional power over the coin, and currency of the na-

tion ; Of a fund competent to the extingishment of the national debt in the short period of twelve years. In the details of the treasury department (which have been rendered, beyond all former experience, intricate and perplexing, by the necessities of the war, the inadequacy of the revenue during the war, the depression of public credit, and the failure of the national currency) a laborious and systematic perseverance has led to the most beneficial results. Availing himself of the auspicious influence of peace upon the public credit and rcsources, the secretary at the moment of surrendering his official trust, appears to have realized the most sanguine anticipations Thus, 1. The embarrassments of the treasury, owing to the disordered state of the currency, have been so subdued without the aid or co-operation of the state banks, that the public engagements cm be paid in the local currency, whereever they become due, except in the Eastern states ; and, even there, the measures now operating are calculated to restore the capacity to pay in the local currency, before the expiration of the present year. 2. The floating debt, consisting of temporary loans obtained by the treasury, since the commencement of the late war has been paid. 3. The floating debt, confiding of treasury notes of all denominations which have teen issued, has been reduced from the sum of 36, l 33,794 dollars the aggregate of the issues, to in estimated outflanking amount, not exceeding 5, 000, 000 dollars which can

not fail to be discharged before the expiration of the present year.

4. The amount of the funded debt has,

on the one hand been augmented by the op-

eration of funding treasury notes ; and on the other hand, it has been reduced by the quarterly reimbursements of the principal of the old stock, as well as by purchases. The aggregate amount of the public debt, funded & floating was stated on the 12th of Feb. 1816, to the sum of 123,630,692 93

fuhjects of an ample provifion, gia) 676,710 40

7. The annual furplus of the exifting re - venue, befides furnilhing ample means for Amount of receipts in revepublic improvements, will enable congrefs nue, from the 1ft January to to enrich the finking fund fo as to infure 1ft Auguft, 1816, 36,035,995 ft) the extinguifhment of the whole of the pub- 7. To which add the receipts lie debt, in a period not exceeding twelve from loans, by funding treafuyears. ry notes, & from the ilTues of 8. The public credit fUnds high, both in treafury notes, about 9,790,825 21 Europe and America. The apparent de predion of the public ftock and of treafury The eftimated grofs amount notes, in fome of the American marketsys of receipts at the treafury from to be entirely afcribed to local caufes, the 1ft January to the 1ft Auwhich arc rapidly puffing away. The revi- guft, 1 8 1 6, being 45,825,920 HT val of a metallic currency is alone wanfing 8. But it is eftimated that to give to the public ftock in the European from the lft of Aug. to the markets, a value beyond that of any other 3 lft of December, 1816, the a government. mount of receipts into the treaIn illuftration of the preceding general fury will be about 19,876,710 40 refults, it will be a gratification to the pub- - lie to receive the following fketches, taken Making the grofs annual refrom the records of the treafury department, ceipts at the treafury, for the They afford the beft anfwer to all the lam- year 1 8 1 6 about the fum of 65,702,631 07 entations which deplore the ruin of the country, and to all the calumnies which af- III. Sketch of the probable receipts, comfail the reputation of the government. pared with the propable expenditures, of I. Sketch of the appropriations and pay- 1816. ments for the year 18 16. lft. The grofs annual receipt at the treafury 1 ft. The demands on the trealury by acts for the year 1816, as above of appropriation for the year 18 16,moun ftated, is eftimated at the fum ted to 32,475,303 93 of 65,702,631 07

For the civil depart

ment, foieign intercourfe and mifcellaneous expenpences 3,540,770 18 For the military department current expenditure 7,794,250 7 Am. 8,935,373 16,729,623 75 For the naval eftabblifhment 4,204,911 For the public debt (exclulively of the balance of the appropriations of the preceding year, 8,000,000 32,475,503 93 2. The payments made by the treafury on account of the above appropriations to the

lft of Aug. 18 1 6, amounted

2d. The amount of the appropriation for the year 1816, as before ftated, is the fum of 32,475,303 93 3d. But it is computed that the demands upon the treafury for 18 16, will exceed the amount of the annual appropriation (the excels to be provided for by law by the fum of 6.270,395 29 4th. And charging the whole of the unfatisfied appropriations of 1815, upon the funds accumulated in th? treafury during the year 1316, the amount may be eftimated at 7,972,277 86 46,7 17,977 08

Making the probable furplus of receipts beyond the proba

ble demands on the treafury for

to the fum of

For the civil de-

pirtment, &c. 1,829,015 02 For the military department current expenditure, 4,235,236 75 Arr. 8,935,372 13,17 0,608 75 For the naval department, 1,977,788 50 For the public debt (adding to the appropriation of 18 16, a part of the balance of the appropriation of 1815,) 9,354,762 62

26,332,174 89 1 8 1 6, the fum of

18,984,653 09

J

5. But deducting from this furplus the amount credited for loans and treafury notes, as a bove ftated, the fum of 9,790,821 21

26,332,174 89

The ultimate furplus of probable receipts, beyond the probable demands upon the treafury for the year 18 16, fubject to the difpofal of congrefs may be ftated at the fum of 9,193,831 88 In this fketch it is to be noted, that there is no dilcrimination as to the time when the revenue accrued, and when it became payable ; nor as to the fyftem from which the revenue was derived, whether upon the war. or the pe u e, eftablifhmcnt ; the main object being to (hew 'he probable receipts

at ti e treafury from the lft of Jan. to the This balance, however, is to be credited 3 lft of Dec. 1 8 1 6, as well as the probable for the ium taken from the furplus of the expenditure during the fame period, appropriation of 1815, for the finking fund Sketches of the product of the Customs from (1,354.76: 62) and the whole is ready to March .815, to July Ql6both months' be paid upon demand, at the treafury. inclusive.

FIRST. lft. The aggregate of the duties received at the Cuftom houfes of tbe U. States, during the above fpecified period, may be estimated at the fum of 28,271 143 50 2d. The aggregate of the debentures payable during the fame period, may be eftimated at the fum of 2,624,42 16S Leaving the product of the cuftoms from March, 18 15, to .7uly, 1816, both months inclufive, fubject only to the expenfes of collection, at the fum of 25,646,721 84 SECOND. lft. The aggregate of the duties received at the Cuftom houfes of the United States, from March to December, 1815, both months inclufive, amounted to the sum of 6,916,399 76 2d. The aggregate of the debentures payable during the Iaft mentioned period, amounted to the fum of 794,857 32

Leaving the amount of duties for the laft mentioned period, fubject only to the expenfes of collection, at the fum of 6,121,542 43 THIRD. lft. The aggregate of the duties received at all the Cuftom-houfes of the U. States, from January to July, 18 16, both months inclufive, may be ftated at the sum of 21,654,743 74 2d. The aggregate of the debentures payable during the Iaft mentioned period, amounts to the fum of 1,829,654 33 Leaving the amount of duties for the laft mentioned period, fubject only to the expenfes of collection, at the fum of 19,525,179 41 FOURTH. A comparative view of the grofs conduct; of the Cuft oms in fome of the principal districts, (embracing all the diftricts producing more than 400,000 dollars) from March, 1815, to July 1816, both months inclufive.

9,926, f88 30 5,085,206 65 3,579,130 77 3,339,101 fl J, 047. 546 73 732,083 13 521,287 58

491,150 36

1. New. York 2. Philadelphia 3. Bofton 4. Baltimore 5. Charlefton 6. New-Orleans 7. Savannah 8. Norfolk

Making an unexpended balance of the annual approptiation on the lft of Aug. 18 16, cf 6,143,129 04

Upon the foregoing brief expofition of the ftate of the fi nances, the operations of the Tre asury, and the national refourcescomment would be fuperfluous. We muft lament the prefent deprefllon of our commerce, from ciufes, which equally cfFedt the commerce of every other nation ; but, with becoming gratitude to Providence we may afk, what other nationfprefents a scene of public and private prosperity, fuch as the U. States exhibit to the world ! L OND OflJug. 3. Recent letters from Madrid state, that orders had been issued by the government for a levy, or ballot of 00,000 men to be embodied as a militia. In the opinion of some persons, this measure is adopted with a view of leaving the regular troops at the disposal of government, for the purpose of sending them to South America, where their services are much wanted. Others talk of an expedition to West Florida, in the contemplation of a war in the U. States. PIIILAdITlATiA, Oct. 10. Supposed bombardment of Algiers. Capt. Evans, of the ship Ann Maria, arrived at this port last evening, in 65 days from Leghorn informs, that onjthe 15th and 1 6th of August, he heard a heavy cannonading in the direction of Algiers, and supposed it to be lord Exmouth's tleet bombarding that city. OLD ENGLAND. Interesting extract ot a private