The Public Funds. equal sum had been transferred here by drafts. 2d. The payment of interest to certain States, upon the difference between their quotas of the assumed Debt, and the sums subscribed upon the first Loan, has been suspended, in consequence of the opening of the second Loan, to avoid a double payment of interest, first to the States, and next to the subscribers, which might otherwise happen. 3d. There is a part of the Public Debt which has continued in a form that has not entitled the holders, under the existing laws, to receive interest, either as subscribers or non-subscribers. There are certain arrears of interest, on the part of the Debt entitled to interest, which did not come into the accounts of the year 1792. This balance of interest, however, will be a real future expenditure, as, indeed, will be the case with regard to most of the other balances of appropriations. There will be surplusses, but these surplusses cannot exceed, if they equal, the sum mentioned in my letter of the 4th instant, to the House of Representatives. With perfect respect, I have the honor to be, sir, your obedient servant, ALEXANDER HAMILTON, Secretary of the Treasury. The VICE PRESIDENT of the United States and President of the Senate. A. Statement of the revenue of the United States, and appropriations charged thereon, to the end of the DR. year 1792. REVENUE. To amount of duties on imports and tonnage, and of fines, penalties, and forfeitures, from the commencement of the present Government to the 31st of December, 1791 To product of duties on spirits distilled within the United States, for a half year, ending the 31st of December, 1791, as estimated To product of duties on imports and tonnage, &c., for the year 1792, heretofore estimated at To product of duties on spirits distilled within the United States for the same period, as estimated $6,534,263 84 150,000 00 3,900,000 00 To cash received into the Treasury, from fines, forfeitures, and for balances, to the end of the year 1791 To cash received for arms and accoutrements sold, fines, and penalties, balances of accounts settled in the year 1792, and on account of the first dividend declared by the Bank of the United States 400,000 00 11,335 93 21,860 87 $11,017,460 64 B.—A general statement of the appropriations made by law, and of the expenditures of the United States in relation thereto, from the first day of January to the last day of December, 1792. Balances remaining unexpended on the 31st of August 4. An act making provision for the Debt 1791, March 3. An act to incorporate the subscribers An act to compensate the services of the The Public Funds. Balances remaining unexpended on the 31st of Decem- 1790, July 1. An act providing the means of inter- August 4: An act making provision for the Debt 1791, March 3. An act to incorporate the subscribers An act to compensate the Corporation of Trustees May 8. An act supplementary to the act making An act to compensate the services of the The Public Funds. The Public Funds. The balance of the appropriations brought down is From which deduct the following sums, being payable out of the foreign funds, viz: Balance payable to foreign officers Balance due on account of the sum requested for St. Domingo Remainder, being the unsatisfied appropriations charged upon the revenue $172,962 11 463,698 28 2,684,188 04 (a.) The difference between the actual dividends declared on the Public Debt to the end of the year 1791, as contained in the printed statement, and the entire interest for that year, as estimated, including the Foreign Debt. (b.) The interest on the Debt for the year 1792, as estimated. (c.) The sum requested by the National Assembly of France, by their decree of June 26, 1792, for the Colony of St. Domingo, four million livres. (d.) The sum actually advanced for the Mint establishment during the year 1792. (e.) The Debt payable to foreign officers, contemplated in the fifth section of the act supplementary to the act making provision for the Debt of the United States. (f.) In this balance is included two years' interest on the Foreign Debt, which has been paid out of the Foreign Loans, the accounts of which remain unsettled; also, the interest on that part of the Domestic Debt which has not been funded or registered at the Treasury, so as to be entitled to a dividend; and, also, the interest due to States on the unsubscribed balances of the assumed Debt, the payment of which is at present suspended. (g.) Warrants for $445,263 83 had been drawn on the 31st of December, 1792, towards the Debt due to France, as stated in the Report of the Secretary of the Treasury of the 3d of January, 1793, $10,000 of which, however, had not been paid by the Treasurer at that time, and, consequently, not charged in his accounts. ALEXANDER HAMILTON, Secretary of the Treasury. TREASURY DEPARTMENT, February 14, 1793. C.-Statement exhibiting the debts charged upon the unexpended and uncollected income of the United States, on the last day of the year 1792. |