Thank you for visiting SNEWPapers!
Sign up free
Norfolk Gazette And Publick Ledger
Norfolk, Virginia
What is this article about?
Albert Gallatin, Secretary of the Treasury, transmits to the House of Representatives a statement of the U.S. public debt on January 1st from 1801 to 1807, noting a reduction of over $14 million despite the Louisiana Purchase, dated February 26, 1807.
Merged-components note: The table provides the numerical data for the public debt statement in the accompanying text, forming a single coherent domestic news component on U.S. Treasury report.
Clipping
OCR Quality
Full Text
statement of the Public Debt.
Treasury Department, Feb. 26, 1807.
SIR,
I have the honor to transmit a statement of the public debt, on the first days of January 1801,
1802, 1803, 1804, 1805, 1806 and 1807, respectively, together with sundry explanatory statements and notes, prepared in pursuance of the resolution of the house of representatives of the 8th
of January last.
It has not been practicable to complete before the adjournment of congress, similar statements for the preceding years, but they will be prepared during the recess. Quarterly statements would
have been attended with still more considerable labor, in investigation, as the accounts for several parts of the public debt, are rendered only semi-annually, and they are all settled annually.
It appears from the statement herewith transmitted, that the whole public debt of the United
States, unprovided for on the days above mentioned, amounted to the following sums, respectively,
that is to say:
On the 1st [January 1801: 81,996,268 49]
The total amount of payments of the debt (including lands paid for in stock) have been,
In 1801, 2,325,418 55
In 1802, 3,657,945 25
In 1803, 5,627,565 42
In 1804, 4,114,970 38
In 1805, 6,533,879 84
In 1806, 6,505,292 19
and the differences between the anticipated provision made on the 1st
Jan. 1807, and that which had been
made on the 1st Jan. 1801, is as will
appear by the statement (C.) 443,439 40
Making together, 29,268,511 73
Which deducted from the amount of debt on the 1st day of January,
1801, 81,996,268 49
Leaves a sum of 52,727,756 76
To which adding the debt contracted by the purchase of Louisiana. 15,000,000
Leaves the amount of debt on the 1st of January, 1807, as above stated, 67,727,756 76
The debt has therefore during those six years,
and notwithstanding the addition made by the purchase of Louisiana, been diminished more than
14,260,000 dollars.
Although the amount stated for the first January,
1807, is necessarily an estimate, and not from accounts actually settled at the treasury, it is believed not to differ materially from the precise amount.
I have the honour to be,
With great respect,
ALBERT GALLATIN.
The honourable speaker of the House of Representatives.
| Do. | 1802, | 78,750,669 | 83 |
| Do. | 1803, | 74,728,023 | 98 |
| Do. | 1804, | 85,349,741 | 35 |
| Do. | 1805, | 80,530,159 | 78 |
| Do. | 1806, | 74,539,058 | 75 |
| Do. | 1807, | 67,727,756 | 76 |
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
United States
Event Date
Feb. 26, 1807
Key Persons
Outcome
public debt reduced by more than 14,260,000 dollars from january 1801 to january 1807, despite adding 15,000,000 for louisiana purchase; debt on jan 1, 1807: 67,727,756 76.
Event Details
Secretary of the Treasury Albert Gallatin transmits to the House of Representatives a statement of the public debt on January 1st of 1801-1807, including payments made each year and explanatory notes, prepared per a January 8 resolution.