Notes on Treasury Statement
[after 28 Dec. 1799]
Monies wanting for the year 1800. according to a Report by the Secretary of the Treasury to Congress of Dec. 17. 1799.
|Civil department, including Mint, valuation of lands & lighthouses||888,815.95|
|Foreign intercourse, viz. diplomatic department & certain treaties||336,000.|
|Annuities, grants, military pensions||93,953.33|
|Interest & reimbursements of public debt, suppose equal to 1799.||4,409,254.78|
Resources to meet those wants on the supposition
that the taxes &c yield in 1800 what they did in 1799
|Excise, auctions, licenses, carriages, stamps patents, postage, coinage||818,020.94|
|Dividends on Bank stock||71,040.|
|Contingent reciepts for Old balances, Repaimts. sale of a vessel, fines & forfietures, & Prizes in 1799. suppose equivalent contingencies in 1800||34,024|
|Deficit for 1800.||3||12,572,178.05|
MS (DLC: TJ Papers, 106:18105); entirely in TJ’s hand; undated; endorsed on verso: “Treasury statemt. Dec. 1799.”
Report by the secretary of the treasury: Letter from the Secretary of the Treasury, Accompanied with a Report and Estimates of the Sums Necessary to be appropriated for the Service of the Year 1800; Also, a Statement of the Receipts and Expenditures at the Treasury of the United States, For one year preceding the first day of October, 1799 (Philadelphia, 1799); see Evans, description begins Charles Evans, Clifford K. Shipton, and Roger P. Bristol, comps., American Bibliography: A Chronological Dictionary of all Books, Pamphlets and Periodical Publications Printed in the United States of America from …1639 …to …1820, Chicago and Worcester, Mass., 1903–59,14 vols. description ends No. 36533. Theodore Sedgwick presented Wolcott’s report to the House on 18 Dec. It was immediately referred to the Ways and Means Committee, which had it printed. It is unlikely that TJ saw the report before he arrived in Philadelphia on 28 Dec. but he probably took these notes shortly thereafter. The information is similar to that which TJ gathered from previous Treasury Department reports and included in his correspondence in early 1799 (see TJ to John Wayles Eppes, 21 Jan. 1799). In early January 1800 Republicans used information from Wolcott’s report to argue for a reduction in the size of the army as a way to decrease the expected five million dollar deficit (JHR, description begins Journal of the House of Representatives of the United States, Washington, D.C., 1826, 9 vols. description ends 3:540; Annals description begins Annals of the Congress of the United States: The Debates and Proceedings in the Congress of the United States… Compiled from Authentic Materials, Washington, D.C., Gales & Seaton, 1834–56, 42 vols. All editions are undependable and pagination varies from one printing to another. The first two volumes of the set cited here have “Compiled … by Joseph Gales, Senior” on the title page and bear the caption “Gales & Seatons History” on verso and “of Debates in Congress” on recto pages. The remaining volumes bear the caption “History of Congress” on both recto and verso pages. Those using the first two volumes with the latter caption will need to employ the date of the debate or the indexes of debates and speakers. description ends , 10:247–9).
1. The correct sum is 12,653,978.05. TJ’s total does not include the sum of $81,800 from the Indian Department.
2. Sum is correct except for last two digits, which add up to “.07” not “.92.”
3. Using the corrected totals the sum of the deficit would be 5,285,036.98.