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Thus he allows himself to be se. religion and nature will be ever in-
duced by the wages of sin ; and creasing, as he has no need to fear
discontent and vexation, perplexity it will ever be lost.
and fear, and every disastrous con-
sequence of vice, at once take pos-
session of his heart. From want

and purest sources of earthly hap THE SECRETARY OF THE
piress, and will always be becoming TREASURY.
more unhappy than he was.

Quite otherwise is it with the THE annual net proceeds of the christian, who expects immortalitv. duties on merchandise and tonnage He daily endeavours to augment his had, in former reports, been estiknowledge and to improve in virtue, mated at nine millions five hundred and thus daily promotes his true thousand dollars. That revenue, felicity. He can never be wanting estimated on the importations of the in encouragement to firmness and years immediately preceding the zeal in his generous endeavours; late war, and on the ratio of inand the futurity which is ever in crease of the population of the U.S. his view, renders all he undertakes, have been under-rated. The net in this design, not only easy but revenue from that source, which pleasant. How pleasant, he says accrued during the year 1802, exin the simplicity of his heart, how ceeds ten millions one hundred pleasant to me are the meditations thousand dollars. The revenue 1 indulge on the perfections of my which has accrued during the two God and father, the greatest and first quarters of the present year, best of beings! What a pure delight appears to have been only fifty streams through my soul, when I thousand dollars less than that of consider his ways and admire his the two corresponding quarters of works! How it exalts my spirit the year 1802; and the receipts in when I perceive the wisdorn of the the Treasury, on account of the Creator in his creatures, and trace same duties, during the year ending out the marks of his greatness! on the 30th of Sept. last, have exHow reviving my meditations on ceeded ten millions six hundred my divine Redeemer, and his con- thousand dollars. solatory office! My knowledge in These facts prove that the wealth deed, in all respects, is very imper- of the U. S. increases in a greater fect and weak; but this shall not ratio than their population, and dishearten me from constantly la- that this branch of the public rebouring, with renovated ardour, at venue may now be rated at ten milits extension and improvement. lions of dollars. In the matters of most importance The same revenue for the two last I have the gospel for my guide, and years of the late war, at the present am safe from all deception. By that rate of duties, averaged 11,600,000 I perceive an eternity approaching dollars a year; but though it might The real knowledge I shall here be supposed that the renewal of hoscollect, is out of the power of that tilities will produce a similar in. spoiler death. Hereafter, in the crease, no inference from that world of spirits, I shall pursue my period is now drawn in relation to researches; what is false will eva- the revenue of the ensuing years. porate from my attainments, and Although the sales of public lando what is solid and just will form the during the year ending on the 30th basis of my higher perfection. Thus Sept. last, were lessened by tho does the hope of futurity animate situation of the western country; the christian; and the pleasure he two hundred thousand acres have procures from the contemplation of been sold during that period; and

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independent of future sales, the The extraordinary resources and sums already paid to the receivers, demands not permanent, to wit: with those which, exclusive of in- The specie in the Trea. Dollars. terest, fall due during the three en- sury, on the 30th of suing years, amount to 1,250,000 Sept. last,

5,860,000 dollars, the annual revenue arising The arrears of the direct from those sales, may be estimated tax,

250,000 at four hundred thousand dollars. The outstanding inter

The extension of post roads, and nal duties, near 400,000 the acceleration of the mail, while The sum to be repaid to diffusing and increasing the benefits the U.S. on account of the institution, have rendered it of advances made in less productive. The receipts have England for the proamounted, during last year, to secution of claims,

150,300 27,000 dollars; but as neither these, nor those arising from some other

Total, . 6,660,000 incidental branches, effect any ge. neral result, the whole revenue of This sum, after reserving the the U. S. will be only ten millions sum which it is necessary to keep four hundred thousand dollars. in the Treasury, will discharge the

1. The appropriation of 7,300,000 demands on account of the convendollars, for the payment of the tion with Great Britain, viz. principal and interest of the debt;

Dolis. 2,664,000 of which about three millions and Extraordinary expenses an half are at present applicable to in-relation to the con. to the discharge of the principal, ventions with France and the residue in the payment of and Great Britain, 100,000 interest,

Dolls. 7,300,000 The loan from Mary2. The expenses of

land, for the city of government, according


200,000 to the estimates for the

And also to pay

2,000,000 year 1804, viz. For the civil depart. ·

4,964,000 ment and all domestic expenses of a civil na

of dollars on account of the purture,

791,000 chase of Louisiana; being the sum For expenses attend..

reserved by the law of the last sesing the intercourse with

sinn, for extraordinary expenses atforeign nations, includa'

- tending the intercourse with foreign ing Algiers, and all ex- .

nations. penses relative to the

During the year ending on the Barbary powers, . 134,000 Soth Sept. last, the payments on For the military and

account of the public debt, were Indian departments, 875,).

Dolls. 3,096,700 For the navy, sup

which, with the increase posing two frigates and

of specie in the Treafour smaller vesselsbe in

sury during the same commission, 650,000 period,



4,416,700And deducted from the pemanent revenue of 10,400,000 makes a difference in favour of the

- U. S. of more than four hun.. Leave

600,000 dred thousand dollars during that The payments on account of the That opinion rests on the sudprincipal of the public debt, from position that Congress shall place the first day of Sept. 1803, were that port on the same footing as the


Dolls. 9,924,004 'U. S. so that the same duties shall The specie in the

be collected there, on the importaTreasury, on the first

tion of foreign merchandise as are of April, 1801, 1,794,000

now levied in the U, S. and that no And on the

duties shall be collected on the ex30th of Sept.

portation of produce or merchan1898, 5,860,000

dise as are now levied in the U.S.

that no duties shall be collected on Making an in

the exportation of produce or mercrease of

4,066,000 chandise from N. v. to any other

place; nor on any articles importThese amount to 13,990,004 ed into the U. S. from the ceded From which deducting,

territories or into those territories as arising from the

from the U.S. sales of bank shares, 1,287,600 The statement (G) shews that

the exportation from the Atlantic Leaves,

12,702,404 States to those Colonies, of articles in favour of the U.S. for that pe- not of the growth or manufacture riod of two years and an half. of the U.S. amounted for the years

From that view of the present 1799, 1800, and 1801, to 6,622,189 situation of the U.S. the only ques. dollars; making an average of more tion is, whether any additional re- than two millions two hundred thouvenues are wanted to provide for sand dollars, of foreign articles, , the new debt, which will result from liable to pay duty, annually exportthe purchase of Louisiana.

ed to Florida and Louisiana from The U.S. may have to pay, by the U. S. alore. virtue of that treaty, fifteen milions The exportations from the U.S. of dollars. First, 11,250,000 dolls. to Florida are so trifling that that in a stock bearing an interest of statement may be considered as apsix, per cent. payable in Europe, plying solely to N. 0.; it is also and the principal of which will be known, that almost the whole of discharged at the Treasury of the those exportations were consumed U.S. in four instalments, to com- within that colony, and that during mence in the year 1818.... 2dly, A the war the supplies from the U.S. sum which cannot exceed 3,750,000 constituted by far the greater part dollars, payable at the Treasury of of its imports. the U. S. during the ensuing year, Thenee it results that the annual to citizens having certain claims on importations into the ceded terriFrance.

tory, of articles destined for the Astwo millions of dollars may be consumption of its own inhabitants, paid from the specie now in the and which will, under the laws of Treasury, on account of the last the U, S. pay duty, may be estiitem; and the new debt cannot mated at two millions five hundred' exceed thirteen millions of dollars, thousand dollars: which, at the the interest of which is 780,000; prescnt rate of duties, will yield a but on account of commissions, and revenue of about 350,000 dollars. , variations of exchange, will be cight From that revenue must be deducthundred thousand dollars.

ed 150,000 dollars, for the followThe surplus revenue of the U.S. ing: viz. will discharge six hundred thousand 1st. The duties on a quantity of dollars of that sum, and it is ex. sugar and indigo equal to that which pected that the net revenue col- shall be imported from N. O. into lected at New-Orleans will be equal the U.S.; as those articles being to the remaining two hundred thou- imported free from duty, will dimi. sand dollars.

nish by so much revenue now colo


lected in the seaports of the U.S. on the same footing as has been The whole amount of sugar ex- heretofore provided by Congress, ported from N. 0. is less than The new debt will neither impede 4,000,000 of pounds, and that of in- nor retard the payment of the prindigo is about 30,000 pounds. Suppos- cipal of the old debt,; and the ing that the whole of those articles fund will be sufficient, beside payshould hereafter be exported to the ing the interest on both, to discharge U. S. the loss to the revenue will the principal of the old debt, before be about 100,000 dollars.

the year 1818, and that of the new, 2d. No increase of expense in within one year and an half after the military establishment of the that year. U.S. is expected on account of 11. In relation to the American the acquisition of territory ; but claims the payment of which is the expenses of the province and of assumed by the convention with the intercourse with the Indians; France: are estimated at 50,000 dollars, That a sum not excceding leaving for the net revenue derived 3,750,000 dollars, inclusive of the from the province, and applicable two millions appropriated by the to the payment of the interest of last session of Congress, be approthe new debt, 200,000 dolls. priated for the payment of those The only provisions necessary, claims, to be paid out of any monies

in the Treasury not otherwise ap1. In relation to the stock of propriated. 11,250,000 dollars to be created in That for effecting the whole of favour of France;

that payment, the President of the That that debt be made a charge U. S. be authorised to borrow a on the sinking fund, directing the sum not exceeding 1,750,000 dollars, commissioners to apply so much of at an interest not exceeding six per its proceeds as may be necessary cent. a year. for the payment of interest and And that so much of the proceeds principal, in the same manner as of the duties on merchandise and they are directed to do in relation tonnage as may be necessary, be to the debt now charged on that appropriated for the payment of fund.

interest and principal of the loan That so much of the duties on to be thus effected. merchandise and tonnage as will be It is not proposed to charge that equal to seven hundred thousand loan on the sinking fund, because dollars, being the sum wanted to its amount cannot at present be pay the interest of that new stock, ascertained; and because it may be added to the annual permanent perhaps be found more expedient appropriation for the sinking fund; to pay out of the sinking fund, the making, with the existing appro- whole or part of the two last inpriation, eight millions of dollars, stalments, payable by virtue of annually applicable to the payment conventions with Grcat-Britain. of the interest and principal of the The possibility of thus providing public debt;

for the payment of the interest of a And that the said annual sum of new debt of thirteen millions of eight millions of dollars remain in dollars, without recurring to new trust for the said payments, till the taxes or interfering with the prothe whole of the existing debt of visions heretofore made for the the U. S. and of the new stock, payment of the existing debt, deshall have been redeemed.

pends on the correctness of the As a sum equal to the interest of estimate of the public revenue which the new stock will thus be added to has been submitted. it rests printhe sinking fund, the operation of cipaily on the expectation that the that fund, as it relates to the ex- revenue of the ensuing years shall tinguishment of debt, will remain not be less than that of the yeri

1802. No part of it depends on the selves have formed the whole of probable increase which may result the drama, with the greatest pleafrom the neutrality of the U. S. sure; at times too when I had no during the present war, nor even reason to suppose that I should ever on the progressive augmentation, hear from you again. I have laughed which, from past experience, may with you at the Arabian Nights naturally be expected to arise from Entertainment, which afforded us the gradual increase of population as you well know, a fund of merriand wealth. Nor has that effect ment that deserves never to be forbeen taken into consideration which got. I have walked with you to the uninterupted navigation of the Nettley Abbey, and have scrambled Missisippi, and the acquisition of with you over hedges in every diNew-Orleans may have, either on rection, and many other feats we the sales of the public lands, or on have performed together, upon the the resources of the inhabitants of field of my remembrance, and all the western states.

within these few years, should I say within this twelve month I should not transgress the truth. The hours

that I have spent with you were LITTER FROM WM. COWPER among the pleasantest of my forTO LADY HESKETH.

mer days, and are therefore chron

icled in my mind so deeply as to fear October 12, 1785. no erasure. Neither do I forget My dear Cousin,

my poor friend Sir Thomas. I

should remember him indeed at any It is no new thing with rate on account of his personal you to give pleasure, but I will ven- kindnesses to myself, but the last ture to say that you do not often testimony that he garcof his regard give more than you gave me this for you, endears him to me still morning. When I came down 00 more. With his uncommon underbreakfast, and found upon the table standing (for with many peculiaa letter franked by my uncle, and rities he had more sense than any when opening that frank I found that of his acquaintance) and with his it contained a letter from you, I said generous sensibilities, it was hardly within myself, this is just as it should possible that he should not distinbe; we are all grown young again, guish you as he has done; as it was and the days that I thought I should the last, so it was the best proof, see no more, are actually returned. that he could give of a judgment, You perceive therefore that you that never deceived him, when he judged well when you conjectured would allow himself leisure to conthat a line from you would not be sult it. disagreeable to me. It could not You say that you have often heard be otherwise, than as in fact it of me: that puzzles me. I cannot proved, a most agrecable surprise, imagine from what quarter, but it is for I can truly boast of an affection no matter. I must tell you, howfor you that neither years, nor in- ever, my cousin, that your informa. terrupted intercourse have at all tion has been a little defective.... abated. I need only recollect how That I am happy in my situation is much I valued you once, and with true; I live and have lived these how much cause, immediately to twenty years with Mrs. Unwin, to feel a ievival of the same value; if whose affectionate care of me during that can be said to revive, which at the far greater part of that time, the most lias only been dormant for it is, under Providence, owing that want of employment. But I slander I live at all. But I do not account it when I say that it has slept. A myself happy in having been for thousand timcs have I recollected a thirteen of those rears in a state of housand scenes ia which our two mind that has made all that care

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