The rest are in a train of
negotiation, which we hope may terminate to mutual satisfaction, and
that it may be succeeded by a treaty of commerce and navigation, upon
liberal principles, propitious to a great and growing commerce, already
important to the interests of our country.
The condition and prospects of the revenue are more favorable than our
most sanguine expectations had anticipated. The balance in the Treasury
on the 1st of January last, exclusive of the moneys received under the
convention of 13th of November, 1826, with Great Britain, was
$5,861,972.83. The receipts into the Treasury from the 1st of January to
the 30th of September last, so far as they have been ascertained to form
the basis of an estimate, amount to $18,633,580.27, which, with the
receipts of the present quarter, estimated at $5,461,283.40, form an
aggregate of receipts during the year of $24,094,863.67. The
expenditures of the year may probably amount to $25,637,111.63, and
leave in the Treasury on the 1st of January next the sum of
$5,125,638.14.
The receipts of the present year have amounted to near two millions more
than was anticipated at the commencement of the last session of
Congress.
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