In calling your attention to the internal concerns of our country the
view which they exhibit is peculiarly gratifying. The payments which
have been made into the Treasury show the very productive state of the
public revenue. After satisfying the appropriations made by law for
the support of the civil Government and of the military and naval
establishments, embracing suitable provision for fortifications and for
the gradual increase of the Navy, paying the interest of the public
debt, and extinguishing more than eighteen millions of the principal,
within the present year, it is estimated that a balance of more than
$6,000,000 will remain in the Treasury on the 1st day of January
applicable to the current service of the ensuing year.

The payments into the Treasury during the year 1818 on account of
imposts and tonnage, resulting principally from duties which have
accrued in the present year, may be fairly estimated at $20,000,000;
the internal revenues at $2,500,000; the public lands at $1,500,000;
bank dividends and incidental receipts at $500,000; making in the
whole $24,500,000.

The annual permanent expenditure for the support of the civil Government
and of the Army and Navy, as now established by law, amounts to
$11,800,000, and for the sinking fund to $10,000,000, making in the
whole $21,800,000, leaving an annual excess of revenue beyond the
expenditure of $2,700,000, exclusive of the balance estimated to be
in the Treasury on the 1st day of January, 1818.

In the present state of the Treasury the whole of the Louisiana debt
maybe redeemed in the year 1819, after which, if the public debt
continues as it now is, above par, there will be annually about five
millions of the sinking fund unexpended until the year 1825, when the