It hence appears, that the permanent revenues of the United States will, during the ensuing year, exceed the permanent expenditures by more than one million of dollars, and that the money in hand, with the temporary resources of the year, will, after leaving the sum always necessary to keep in the treasury, discharge the navy deficiencies, and the whole amount of the claims assumed by the convention with France, the large receipts of last year rendering it unnecessary to recur to the loan authorised by law. MEDITERRANEAN FUND. The additional duty of two and a half per cent. on goods paying duties ad valorem, which constitutes the Mediterrahean fund, amounted, during the six last months of 1804, to five hundred and sixty-three thousand and thirty-eight dollars. The amount of the duty accrued, during the year ending on the 30th June, 1805, was nine hundred and ninety thousand dollars. This product will, it is true, be diminished by subsequent exportations; but from a view of the value of goods imported in 1803 and 1804, charged with that duty, the fund may be estimated at nearly nine hundred thousand dollars a year. The fund will, therefore, ultimately produce, during one year and nine months, commencing the 1st July, 1804, and ending the 31st March, 1806 The expences heretofore charged on that fund have been Paid in 1804, to the said department, under the act constituting the fund 1,575,000 525,000 Paid in 1805, to the said department, under the second section of the act of 25th January, 1805 590,000 Making a total of 1,115,000 and leaving a surplus of four hundred and sixty thousand dollars, but which will be more than absorbed by the navy deficiencies above mentioned. The monies actually received or to be received into the treasury on account of that fund, prior to the 1st January, 1806, are about six hundred thousand dollars. The residue will be received between that day and the 31st March, 1807; and credit has been taken for a sum of nine hundred thousand dollars, on that account, in the preceding estimate of the receipts of 1806. PUBLIC DEBT. The payments on account of the principal, during the year ending on the 30th September, 1805 The two last instalments due to Great Britain, discharged during the same period Making 4,377,898 63 1,776,000 00 6,153,898 63 As the exportation of the specie necessary to discharge the last mentioned instalment would have been sensibly felt, it was found eligible to pay it in London, in conformity to the act of the 3d of March, 1805, and this was effected, at par, by the bank of United States. Payments on account of the public debt, from the 1st of April, 1801, to the 30th of September, 1805 VOL. V. NO. XXVIII. 17,954,790 49 Carried forward 17,954,790 49 10 Brought forward 17,954,790 49 Paid to Great Britain, in satisfaction of what the United States might have been liable to pay, by the sixth article of the treaty of 1794 Balance in the treasury on the 1st of April, 1801 On the 30th of September, 1805 2,664,000 00 1,794,052 59 4,575,654 37 Making a difference in favour of the United States, during four years and a half, of During the four years, commencing on the 1st of April, 1801, and ending on the 31st of March, 1805, there has been paid into the treasury, By duties on tonnage and foreign merchandise By all other sources, including 1,596,171 dollars and 43 cents, from the sales of bank shares and public vessels 45,174,837 22 5,492,629 82 50,667,467 04 1. Less than one-third of this whole has defrayed all the current expences of the United States, viz. For the civil list, and all domestic civil ex 1,494,001 78 22,112,792 27 14,105,380 04 Amounting to 2. Near one-third was necessary to pay the interest on the public debt, viz. Part of that sum (3,160,000 dollars) was paid on account of the interest on the deferred stock, a charge which commenced only in 1801, and was therefore in addition to the annual sum wanted before that year for the payment of interest on the public debt. 3. More than one-third, and which may be considered as the surplus revenue of the United States during that period, has been applied towards the extinguishment of the debt, viz. On account of the principal In payment of debts contracted before the 1st of April, 1801, under the British treaty and the French convention 16,317,663 92 16,278,700 95 While one third of the national revenue is absorbed by the payment of interest, a persevering application of the resources afforded by seasons of peace and prosperity to the discharge of the principal, in the manner directed by the legislature, is the only mode by which the United States can ultimately obtain the full command of their revenue, and the free disposal of all their resources. Every year produces a diminution of interest, and a positive increase of revenue. Four years more will be sufficient to discharge, in addition to the annual reimbursements on the six per cent. and deferred stocks, the remainder of the Dutch debt, and the whole of the eight per cent., navy six per cent., five and a half per cent., and four and a half per cent. stocks. As the portion of the public debt which shall then remain unpaid will consist of the six per cent., deferred, and Louisiana stocks, neither of which can be reimbursed except at the periods and in the proportions fixed by contract, and of the three per cent. stock, which its low rate of interest will render ineligible to discharge at its nominal value, the rapidity of the reduction of the debt, beyond the annual reimbursements permitted by the contracts, will, after 1809, depend on the price at which purchases may be effected. And should circumstances render it eligible, a considerable portion of the revenue now appropriated for that purpose may then be applied to other purposes. Ports. New York Philadelphia Boston Baltimore Charleston Norfolk Salem (Mass.) Savannah Providence Portland Newhaven Petersburg Portsmouth Alexandria Newburyport Newport Middletown Wilmington (N. C.) Richmond New London Wilmington (Del.) Kennebunk Newbern Edenton Bristol (R. I.) Gloucester Bath Tappahannock For the Literary Magazine. DUTIES OF THE SEVERAL PORTS OF THE UNION. THE following statement of payments made into the treasury of the United States, by the several collectors of customs, during four years, commencing April 1, 1801, and ending March 31, 1805, exhibits the amount of revenue of the respective ports in the Union. Fort Adams York (Mass.) 32,900 26,698 72 23,791 83 Beaufort (N. C.) Folly Landing 10,000 8,900 Some of the Red Men from the Osages and Panis nations, being lately on a visit to Dr. Mitchill at Washington city, entertained him with their vocal and instrumental music. Two of their songs were immediately tran slated. One of them is on friendship; the subject of the other is war. In both, the main and leading sentiments are aboriginal; and the paraphrases and embellishments are as few as the nature of composition allowed. They seem to show, that justice has not hitherto been done to the intellectual or poetical powers of our Indian natives. To see your GRAND EXALTED SIRE, And his sagacious words admire. II. The "Master of your life* and breath" Whene'er to march thou feel'st inclin'd, We'll form a lengthening file behind, And dauntless from our forests walk To hear our GREAT WHITE FATHER'S talk. * The Supreme Being is called by them the Master of life, or Master of breath. Doubt not Tewasalàgè's care Revolving suns each year proclaim The solemn hour that bears thy name Thou dreaded, formidable LAST! Yet, that I may not shrink from thee, Let virtue keep my bosom free From dread of future and of past; Then, when my transient day is o'er, And life, exhausted, yields no more, I need not fear thy moment, LAST. For the Literary Magazine. THE LADY-COW. In the Darwinian style. THEY who a twofold apparatus share, Natives of earth, and habitants of air, To lead you forth, and show you where Like warriors stride, oppress'd with The enemy's concealed: His single hand shall make th' attack, And drive the cunning lurkers back, Or stretch them on the field. III. Proceeding with embodied force, They'd quake, or die, with fear, For the Literary Magazine. ON THE WORD LAST. PAINFUL source of many a sorrow, Sound precluding hopes to-morrow, Sad finisher of life's repast, What shadows all our joys appear, When thou com'st lagging in the rear, And whisp'ring tell'st thou art the LAST! Whate'er is giv'n us from above, Thy baleful shade doth overcast; The tears that parting cheeks bestrew, The broken voice that sobs adieu, Belongs to thee, thou cruel LAST. Time on his rapid pinions flies, The world recedes before our eyes, And awful death approaches fast; shining mail, But furl'd beneath their silken pennons veil; Deceiv'd, our fellow-reptile we admire, His bright endorsement, and compact attire, When lo! the latent springs of motion play, And rising lids disclose the rich inlay ; The tissued wing its folded membrane frees, And with blithe quavers fans the gath'ring breeze; Elate towards heaven the beauteous wonder flies, And leaves the mortal wrapp'd in deep surprize. So when the guide led Tobit's youth ful heir, |