The old funded and unfunded debt, a great proportion whereof will never be called, And outstanding Treasury notes, which when issued in stock, will be payable in 1868, Deduct Texas stock Debt 1st Dec., 1850, as per statement, In round numbers, principal and interest, it is estimated that the public debt, inclusive of the last item falling due in 1868, amounts to 1868 (1st Jan., $27,289,450.00 $43,029,450.00 119,585.98 209,561.61 $74,288,238.37 10,000,000.00 $64,228,238.39 $134,000,000 NOTE. Should the condition of the Treasury permit the purchase of any portion of the above stocks, before the period of redemption, it will of course affect the amounts. RECEIPTS AND EXPENDITURES, Receipts from customs, Receipts from public lands, Receipts from miscellaneous sources, Receipts from avails of stock isssued for specie de posited, Receipts from avails of treasury notes funded, Total, Add balance in the Treasury, July 1, 1849, The expenditures for the same fiscal year were in $39,686,686 42 1,859,894 25 1,847,218 23 399,050 00 3,646,900 00 $17,421,748 90 2,184,964 28 $49,606,713 18 Total, Total amount estimated expenditures, 3,694,321 03 844,207 24 Estimated balance in the Treasury July 1, 1851, 458,966 99 The foregoing does not include the interest to be paid on the Texas Boundary Stock.* APPROPRIATIONS FOR 1852. The following is a list of all the important appropriations made during the last session of Congress. All of them are for the service of the year 1852, except the amount required to meet deficiencies in the appropriations for the current fiscal year: To supply deficiencies, Civil and diplomatic service, $3,176,000 6,600,000 * Our tables of the debts, revenues, expenditures, banks, &c., of the several States not being entirely made up, we defer them to the next volume. Light houses, 257,000 Deficiencies which may be caused by cheap postage law, Permanent and indefinite appropriations, The following appropriations were lost: 500,000 6,000,000 $41,935,000 It is now estimated that the revenue will be sufficient to cover these expenditures.. MONEY IN THE TREASURY, JAN. 27, 1851. The amount on deposit to the credit of the Treasurer, $12,422,087 80. Drafts drawn, but unpaid, $837,522 98 $11,584,564 82 Treasury of United States, Washington, District of Columbia, Assistant Treasurer, Boston, Massachusetts, Depositary at Baltimore, Maryland, $180,348 45 1,436,341 28 3,410,131 40 167,599 55 221,997 09 134,416 59 196,693 79 2,179 16 20,507 13 Depositary at Nashville, Tennessee, 17,086 56 54,806 66 72 33 Depositary at Cincinnati, Ohio, Depositary at Pittsburg, Pennsylvania, Mint of the United States, Philadelphia, Pennsylvania, Add difference in transfers, Net amount, subject to draft, 3,301 37 14,219 57 71,174 26 41,861 04 6,235 56 7,265 43 4,711,150 00 32,000 00 26,850 00 620,000 00 $11,584,564 82 525,000 00 $12,109,564 82 Transfers ordered to Treasury United States, Washington, $100,000 00 Transfers ordered to Assistant Treasurer, New Orleans, La. 525,000 00 Transfers ordered to Assistant Treasurer, Boston, Mass., OPERATIONS OF THE MINT, FOR 1850. COINAGE FOR THE YEAR 1850. 100,000 00 1850-Total silver deposits The deposits for the month of December, from Califor $4,500,000 $428,000 THE VALUES OF GOLD AND SILVER COIN. The act of Congress of June, 1834, prescribes that all coins of the United States shall be nine parts pure silver, or gold, and one part alloy. By the act of April 12, 1792, a dollar is required to contain 371 grains pure silver, and the same by the act of June, 1834; gold being declared fifteen times as valuable as silver by the former act, and sixteen times as valuable by the latter act. The number of grains of pure silver, and pure gold, contained in five dollars, under each act, have been as follows: The British gold sovereign is nearly equal in value to $4 87, American gold coin, though it is declared by the act of 1834 worth only $4 84. Calling a dollar 4s. 6d. sterling, the par exchange on England, payable in gold, is over 9 per cent : payable in silver, it is nearly 2 per cent. in our favor; but as more than nine-tenths of the circulating coin of England is gold, and silver is sold in quantities at less than its legal value, as compared with gold, and the tenth part of an American eagle is worth only 4s. 1d. sterling, in British gold, we may fairly reckon a dollar at 4s. 2d. sterling, and the real par exchange at 9 per cent. nominal value. British coin, both gold and silver, is made of eleven parts of pure metal and one of alloy: every pound troy, or 12 oz. of *The entire coinage of the United States Mint and Branches up to October 31, 1850, amounts to $186,572,734 15, of which $108,482,120 50 was gold, $67,807,311 90 silver, and $1,283,301 75 copper. |