The diminution, however, is in part
attributable to the flourishing condition of some of our domestic
manufactures, and so far is compensated by an equivalent more profitable
to the nation. It is also highly gratifying to perceive that the
deficiency in the revenue, while it scarcely exceeds the anticipations
of the last year's estimate from the Treasury, has not interrupted the
application of more than eleven millions during the present year to the
discharge of the principal and interest of the debt, nor the reduction
of upward of seven millions of the capital of the debt itself. The
balance in the Treasury on the 1st of January last was $5,201,650.43;
the receipts from that time to the 30th of September last were
$19,585,932.50; the receipts of the current quarter, estimated at
$6,000,000. yield, with the sums already received, a revenue of about
twenty-five millions and a half for the year; the expenditures for the
three first quarters of the year have amounted to $18,714,226.66; the
expenditures of the current quarter are expected, including the two
millions of the principal of the debt to be paid, to balance the
receipts; so that the expenses of the year, amounting to upward of a
million less than its income, will leave a proportionally increased
balance in the Treasury on the 1st of January, 1827, over that of the
1st of January last; instead of $5,200,000 there will be $6,400,000.
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