The amount of duties secured on merchandise imported from the
commencement of the year till September 30 is estimated at $21,250,000,
and the amount that will probably accrue during the present quarter is
estimated at $4,250,000, making for the whole year $25,500,000, from
which the drawbacks being deducted will leave a clear revenue from the
customs receivable in the year 1827 of about $20,400,000, which, with
the sums to be received from the proceeds of public lands, the bank
dividends, and other incidental receipts, will form an aggregate of
about $23,000,000, a sum falling short of the whole expenses of the
present year little more than the portion of those expenditures applied
to the discharge of the public debt beyond the annual appropriation of
$10,000,000 by the act of the 3d March, 1817. At the passage of that act
the public debt amounted to $123,500,000. On the 1st of January next it
will be short of $74,000,000. In the lapse of these ten years
$50,000,000 of public debt, with the annual charge of upward of
$3,000,000 of interest upon them, have been extinguished.
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