laint to the Government of France against
the officer by whom it was committed.
The actual condition of the public finances more than realizes the
favorable anticipations that were entertained of it at the opening of
the last session of Congress. On the 1st of January there was a balance
in the Treasury of $4,237,427.55. From that time to the 30th September
the receipts amounted to upward of $16,100,000, and the expenditures to
$11,400,000. During the fourth quarter of the year it is estimated that
the receipts will at least equal the expenditures, and that there will
remain in the Treasury on the 1st day of January next a surplus of
nearly $9,000,000.
On the 1st of January, 1825, a large amount of the war debt and a part
of the Revolutionary debt become redeemable. Additional portions of the
former will continue to become redeemable annually until the year 1835.
It is believed, however, that if the United States remain at peace the
whole of that debt may be redeemed by the ordinary revenue of those
years during that period under the provision of the act of March 3,
1817, creating the sinking fund, and in that case the only part of the
debt that will remain after the year 1835 will be the $7,000,000 of
5 per cent stock subscribed to the Bank of the United States, and the
3 per cent Revolutionary debt, amounting to $13,296,099.06, both of
which are redeemable at the pleasure of the Government.
The state of the Army in its organization and discipline has been
gradually improving for several years, and has now attained a high
degree of perfection. The military disbursements have been regularly
made and the accounts regularly and promptly rendered for settlement.
The supplies of various descriptions have been of good quality,
and regularly issued at all of the posts. A system of economy and
accountability has been introduced into every branch of the service
which admits of little additional improvement. This desirable state
has been attained by the act reorganizing the staff of the Army,
passed on the 14th of April, 1818.
The moneys appropriated for fortifications have been regularly and
economically applied, and all the works advanced as rapidly as the
amount appropriated would admit. Three important works will be completed
in the course of this year--that is, Fort Washington, Fort Delaware, and
the fort at the Rigolets, in Louisiana.
The Board of Engineers and the Topographical Corps have been in constant
and a
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