But the hope has been realized which was entertained,
that these deficiencies would in nowise interrupt the steady operation
of the discharge of the public debt by the annual ten millions devoted
to that object by the act of 3d March, 1817.
The amount of duties secured on merchandise imported from the
commencement of the year until the 30th of September last is
$21,226,000, and the probable amount of that which will be secured
during the remainder of the year is $5,774,000, forming a sum total of
$27,000,000. With the allowances for drawbacks and contingent
deficiencies which may occur, though not specifically foreseen, we may
safely estimate the receipts of the ensuing year at $22,300,000--a
revenue for the next equal to the expenditure of the present year.
The deep solicitude felt by our citizens of all classes throughout the
Union for the total discharge of the public debt will apologize for the
earnestness with which I deem it my duty to urge this topic upon the
consideration of Congress--of recommending to them again the observance
of the strictest economy in the application of the public funds.
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