nal debt will be totally extinguished in four years, when this
country will present a curious spectacle for the serious consideration of
European nations. During the space of fifty-six years, two successful wars
have been carried on--one for the establishment, and the other for the
maintenance of national independence, and a large amount of public works
and improvements has been effected; yet, after the expiration of four
years from this time, there will not only be no public debt, but the
revenue arising from protecting tariff duties alone will amount to more
than the expenditure by upwards of 10,000,000 dollars.

A brief abstract from the treasury report on the finances of the United
States, up to the 1st January, 1831, may not be uninteresting.

Dollars. Cts.
Balance in the treasury, 1st January,
1828 6,668,286 10

Receipts of the year 1828 24,789,463 61
_____________
Total 31,457,749 71
Expenditure for the year 1828 25,485,313 90
_____________
Leaving a balance in the treasury, 1st
January, 1829, of 5,972,435 81

Receipts from all sources during the
year 1829 24,827,627 38

Expenditures for the same year, including
3,686,542 dol. 93 ct. on account of
the public debt, and 9,033 dol. 38 ct.
for awards under the first article of the
treaty of Ghent 25,044,358 40

Balance in the treasury on 1st January,
1830 5,755,704 79

The receipts from all sources during the
year 1830 were 24,844,116 51

viz.

Customs 21,922,391 39

Lands 2,329,356 14

Dividends on bank stock 490,000 00

Incidental receipts 102,368 98
_____________

The expenditures for the same year were 24,585,281 55

viz.

Civil list, foreign intercourse,
and miscellaneous 3,237,416 04

Military service, including
fortifications, ordnance,
Indian affairs,
pensions, arming the
militia, and internal
improvement