appropriations, including the final extinction of the old 6 per cent
stock and the redemption of a moiety of the Louisiana debt, it is
estimated that there will remain in the Treasury on the 1st day of
January next more than $2,000,000.

It is ascertained that the gross revenue which has accrued from the
customs during the same period amounts to $21,000,000, and that the
revenue of the whole year may be estimated at not less than $26,000,000.
The sale of the public lands during the year has also greatly exceeded,
both in quantity and price, that of any former year, and there is just
reason to expect a progressive improvement in that source of revenue.

It is gratifying to know that although the annual expenditure has been
increased by the act of the last session of Congress providing for
Revolutionary pensions to an amount about equal to the proceeds of the
internal duties which were then repealed, the revenue for the ensuing
year will be proportionally augmented, and that whilst the public
expenditure will probably remain stationary, each successive year will
add to the national resources by the ordinary increase of our population
and by the gradual development of our latent sources of national
prosperity.

The strict execution of the revenue laws, resulting principally from
the salutary provisions of the act of the 20th of April last amending
the several collection laws, has, it is presumed, secured to domestic
manufactures all the relief that can be derived from the duties which
have been imposed upon foreign merchandise for their protection. Under
the influence of this relief several branches of this important national
interest have assumed greater activity, and although it is hoped that
others will gradually revive and ultimately triumph over every obstacle,