The National Intelligencer And Washington Advertiser

REPORT
Of the commissioners of the sinking fund, accompanied with sundry statements exhibiting the proceedings which have been authorised by the board since their report, dated the 4th of February, 1804.

The commissioners of the Sinking Fund respectfully report to Congress as follows:

That the measures which have been authorised by the board subsequent to their report of the 4th of February, 1804, so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury to this board, dated the fourth day of the present month; and in the statements therein referred to, which are herewith transmitted, and prayed to be received as part of this report.

A. BURR, President of the Senate.
J. MARSHALL, Chief Justice of U. S.
A. GALLATIN, Secretary of the Treasury.
Washington, Feb. 5, 1805.

The Secretary of the Treasury respectfully reports to the commissioners of the sinking fund,

That the balance remaining unexpended at the close of the year 1802, and applicable to payments falling due after that year, which balance as appears by the statement (F) annexed to the last annual report amounted to two millions, six hundred and fifty-six thousand, nine hundred and thirty-three dollars, and eight cents,
2,656,933 08

Together with the disbursements made during the year 1803, out of the treasury on account of the principal and interest of the public debt, which disbursements, as appears by the statement (G) annexed to the last annual report, amounted to seven millions, three hundred and twenty-seven thousand, seven hundred and twenty-one dollars, and fifty-nine cents,
7,327,721 59

And amounting altogether to nine millions, nine hundred and eighty-four thousand, six hundred and fifty-four dollars, and sixty-seven cents,
9,984,654 67

Have been accounted for in the following manner, viz.

I. There was repaid into the treasury, during the year 1803, on account of the principal of protected bills, and of advances made to commissioners of loans, as appears by the statement (I) annexed to the last annual report, a sum of thirteen thousand, one hundred and seventeen dollars, and forty eight cents.
13,117 48

II. The sums actually applied during the same year to the payment of the principal and interest of the public debt, as ascertained by accounts rendered to the treasury department, amount, as will appear by the statement (A) to eight millions, six hundred and twenty-two thousand, four hundred dollars, and sixty-eight cents, viz.
1. Paid in reimbursement of the principal of the debt, 4,727,788 44
2. Paid on account of the interest and charges on the same, 3,894,612 24
8,622,400 68

III. The balance remaining unexpended at the close of the year 1803, and applicable to payments falling due after that year, as ascertained by accounts rendered to the treasury department, amounted, as will appear by the statement (B) to one million, three hundred and forty-nine thousand, one hundred and thirty-six dollars, and fifty-one cents,
1,349,136 51

I. On account of the interest of the domestic funded debt, ...... 4,612,171
II. On account of domestic loans: obtained from the bank of the U. States, viz.
On account of the principal, 250,900
Ds. ..: do.. . ..: interest, 60,593 68

III. On account of the domestic unfunded debt,
IV. On account of the principal and interest of the foreign debt and of the interest on the Louisiana stock,

Amounting altogether, as will appear by the annexed list of warrants, (C) to eight millions, two hundred and fifty-nine thousand, eight hundred and forty five dollars, and fifty-five cents,

Which disbursements were made out of the following funds, viz.

I. From the monies appropriated by the third section of the act of 10th November, 1803, for paying the interest accruing on the Louisiana stock to the end of the year 1803,

II. From the funds constituting the annual appropriation of 8,000,000 dollars for the year 1804 viz.
From the fund arising from interest on the debt transferred to the commissioners of the sinking fund as per statement (I) 366,223 50
From the funds arising from the sales of public land being the amount paid into the treasury from the 1st of October, 1803, to the 30th June, 1804, as per statement, (K).. 324,021.66
: : From the proceeds of duties : on goods, wares, and merchandise imported and on the tonnage of ships or vessels, .. . : 6,556,518 44

Amounting altogether to
Which sum of .. . : 7,246,763 60 together with the sum advanced during the year 1803, on account of the appropriation for the year 1804, and amounting as appears . by the last annual report, to. 753,236 40

Makes in the whole the annual appropriation of 8,000,000 dollars for the year 1804.
8 000,000

III. From the proceeds of duties on goods, wares and merchandise imported, and on the tonnage of ships or vessels advanced in part, and on account of the annual appropriation for the year 1805, 829,901 59

IV. From repayments into the treasury on account of remittances purchased for providing for the foreign debt and of advances made to commissioners of loans, as will appear from the statement(E)viz.
Repayment of the purchase money and advances, 121,446 51
Damages and int. recovered, 32.370 91
-153,817 42

V. From the monies appropriated by law for paying commissions to agents employed in the purchase of remittances for the foreign debt, being the amount paid at the treasury during the year 1804, for that object. and will appear by the statement (C) 6,863 1

8,259,845 55

That the abovementioned disbursement together with the above stated balance of 1,349,136 51 dollars,

Which remained unexpended at the close of the year 1803, and with a further sum arising from profit on remittances purchased in the year 1804, and amounting, as will appear by the statement (D) to 45,049 25

And amounting altogether to nine millions, six hundred and fifty-four thousand, thirty-one dollars and thirty-one cents,
9.654,031 31

Will be accounted for in the next annual report in conformity with the accounts which shall then have been rendered to the treasury department.

That in the mean while the manner in which the said sum has been applied is estimated as follows, viz.

I. The repayments in the treasury on account of principal have during the year 1804, amounted as by the above-mentioned statement (E) 10 121,446 51

II. The sums actually applied during the year 1804, to the payment of the principal and interest of the public debt are estimated as followeth, viz.
1. Paid in reimbursement of the principal of the public debt, 3,205,248 52
2. Do. on account of interest and charges on the same, 4,006,799 69
7,212,048 21

As will appear by the estimate (F)

III. The balance remaining unexpended at the close of the year 1804, and applicable to payments falling due after that year, is estimated as per estimate (G) at 2,320.536 59
9.654031 31

That no purchases of the debt of the United States have been made since the date of the last report to Congress.

And that the statement (H) exhibits the amount of stock transferred to the commissioners of the sinking fund in trust for the United States, to the 31st Dec. 1804, including the sum of 12,730 dollars and 27 cents, being the aggregate of the several species of stock transferred in the year 1804, in payment for public lands.

All which is respectfully submitted.

ALBERT GALLATIN,
Secretary of the Treasury.

Treasury Department,
February 4th, 1805.