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Report on the Receipts and Expenditures of the United States from the Commencement of the Present Government to the End of the Year 1793, [18 March 1794]

Report on the Receipts and Expenditures of the
United States from the Commencement of the
Present Government to the End of the Year 17931

[Philadelphia, March 18, 1794]2

[To the Select Committee Appointed to Examine the Treasury Department]
A Summary Statement Exhibiting the Receipts into the Treasury from Domestic Resources, and Also the Expenditures of the United States Other Than for the Repayment of Domestic Loans, or Out of the Proceeds of Bills Drawn on Amsterdam, from the Commencement of the Present Government to the End of 1793.
Quarter ending December 31: 1789.
To warrants for Expenditures drawn to december 31: 1789 222,594.97 By product of duties on Imports & Tonnage 162,217.24
By gain on gold received in payment 6.28
          Balance against the Treasury  60,371.45
222,594.97 222,594 97
Quarter ending March 31: 1790
To balance against the Treasury on December 31: 1789 60,371.45 By product of duties on Imports and Tonnage 200,690.43
To Warrants for Expenditures drawn this quarter 125,595.08 By repayment of a part of a sum advanced for paying pensions of Invalids &c 3,008 56
Balance in favour of the Treasury  17,732.46          
203,698.99 203,698.99
Quarter ending June 30: 1790.
To Warrants for expenditures drawn this quarter 234,999 48 By balance in favour of the Treasury on March 31: 1790 17,732.46
Balance in favour of the Treasury 155,194.44 By product of duties on Imports & Tonnage 370,992 65
          By amount received on account of balances &c   1,468.81
390,193.92 390,193 92
Quarter ending September 30: 1970.
To warrants for Expenditures drawn this quarter 264,026.34 By balance in favour of the Treasury on June 30: 1790 155,194.44
Balance in favour of the Treasury 344,569.24 By product of duties on Imports and Tonnage 452,198 06
          By amount received on account of balances &c   1,203.08
608,595.58 608,595 58
Quarter ending December 31: 1790.
To warrants for Expenditures drawn this quarter vizt By balance in favour of the Treasury on September 30:1790 344,569 24
for reducing the domestic debt 200,000   
for domestic purposes 192,064 37 By product of duties on Imports & Tonnage 610,592 20
Balance in favour of the Treasury 564,062 77 By amount received on account of balances &c    965.70
956,127.14 956,127.14

N: B: On the last of december 1790, the balance of unsatisfied appropriations exclusive of that for reducing the debt was 729,926 dollars & 93 cents

Half year ending June 30: 1791.
To warrants for Expenditures drawn this half year—vizt. By balance in favour of the Treasury on december 31: 1790 564,062 77
for reducing the domestic debt 150,000    By Product of Duties on Imports and Tonnage 1,013,353.22
for domestic purposes including 100 dollars remitted by William Lindsay3 985,558 68 By Remittance from William Lindsay 100   
By amount received on account of balances &c 39,430.35
Balance in favour of the Treasury, of which however 59,041 dollars and 78 cents were anticipated for objects upon which warrants were not issued  481,387.66           
1,616,946.34 1,616,946 34
Quarter ending September 30: 1791.
To warrants for Expenditures drawn this quarter—vizt. By balance in favour of the Treasury on June 30: 1791 481,387.66
for reducing the domestic debt 349,984.23 By product of duties on Imports and Tonnage 633,158.61
for domestic purposes 701,316.60
Balance in favour of the Treasury   63,276.99 By amount received on account of balances &c      31.55
1,114,577.82 1,114,577.82
Quarter ending December 31: 1791.
To Warrants for Expenditures drawn this quarter vizt. 432,283.71 By balance in favour of the Treasury on Septem: 30: 1791 63,276.99
Balance in favour of the Treasury 593,271.71 By Product of duties on Imports and Tonnage 956,270.69
           By amount received on account of balances &c    6,007.74
1,025,555.42 1,025,555 42

N: B: The balance of unsatisfied appropriations at the end of 1791, exclusive of that for reducing the debt, the interest on the domestic debt not funded or registered, and the interest on the foreign debt was 1,109,388 dollars & 96 cents.

Quarter ending March 31: 1792.
To warrants for expenditures drawn this quarter vizt By balance in favour of the Treasury on december 31: 1791 593,271.71
for reducing the domestic debt 28,915.52
for domestic purposes 1,039,786.76 By Product of duties on Imports and Tonnage 560,249 53
Balance in favour of the Treasury 88,047.71 By ditto on domestic distilled spirits 1,100   
            By amount received on account of balances &c    2,128 55
1,156,749.79 1,156,749 79
 
Quarter ending June 30: 1792
To warrants for expenditures drawn this quarter vizt. By balance in favour of the Treasury on March 31: 1792 88,047.71
for reducing the domestic debt 213,772.79 By Product of Duties on Imports and Tonnage 1,030,925.13
for domestic purposes 1,217,745.37 By ditto on distilled spirits 49,941   
By amount received on account of balances &c 3,320.39
            Balance against the Treasury   259,283.93
1,431,518.16 1,431,518.16

N: B: a sum of 200,000 dollars was received this quarter on account of a loan from the Bank of the United States, and 140,000 dollars on account of proceeds of foreign loans, from the Bank of North america.

Quarter ending September 30: 1792.
To Balance against the Treasury on June 30: 1792 259,283.93 By product of duties on Imports and Tonnage 489,840 20
To Warrants for Expenditures drawn this quarter 920,639.31 By Ditto on Domestic Distilled Spirits 72,640 51
By amount received on account of balances &c 8,060   
            Balance against the Treasury   609,382.53
1,179,923.24 1,179,923 24

N: B: A sum of 200,000 dollars was received in this quarter on account of a loan from the Bank of the United States.

Quarter ending December 31: 1792.
To Balance against the Treasury on septr. 30: 1792 609,382.53 By product of duties on Imports & Tonnage 1,362,055.99
To Warrants for Expenditures drawn this quarter vizt. By Ditto on domestic distilled spirits 85,261.30
for reducing the domestic debt 15,098.11 By amount received on account of balances &c 9,209.76
for domestic purposes 1,093,809.19 Balance against the Treasury   261,762.78
1,718,289.83 1,718,289.83

N: B. The balance of unsatisfied appropriations at the end of the year 1792, exclusive of that for reducing the debt, the interest on the domestic debt not funded or registered, and the interest on the foreign debt was 1,411,696 dollars.

Quarter ending March 31: 1793.
To balance against the Treasury on December 31: 1792 261,762.78 By product of duties on Imports & Tonnage 967,841.99
To warrants for domestic Expenditures drawn this quarter 977,160.82 By ditto on domestic distilled spirits 93,290.51
By amount received on account of balances &c 421.03
            Balance against the Treasury  177,370 07
1,238,923.60 1,238,923.60
 
Quarter ending June 30: 1793.
To balance against the Treasury on March 31: 1793 177,370.07 By product of duties on Imports & Tonnage 901,729.70
To Warrants for domestic expenditures drawn this quarter 911,481.36 By Ditto on domestic distilled spirits 89,696.69
By amount received on account of balances &c 783.52
            Balance against the Treasury   96,641.52
1,088,851.43 1,088,851.43

N: B: A loan of 200,000 dollars was received from the Bank of the United States in this quarter.

Half year ending December 31: 1793.
To balance against the Treasury on June 30: 1793 96,641.52 By Product of Duties on Imports & Tonnage 2,385,734.87
To warrants for domestic expenditures drawn this quarter 1,893,787.37 By ditto on Domestic distilled spirits 154,718.50
By amount received on account of balances &c 58,706.33
The Treasury having paid, on account of the french debt, in the half year ending december 31: 1793 dollars 569,651⁷⁵⁄₁₀₀ of which dollars 422,057²⁰⁄₁₀₀ was beyond the whole proceeds of foreign bills sold, and not referred to other objects—this last sum remained to be added to the domestic expenditures 422,057.20
2,315,844 57
Balance in favour of the Treasury   186,673.61            
2,599,159.70 2,599,159.70
A Summary Statement of the Receipts and Expenditures of the United States from the Commencement of the Present Government to the End of the Year 1793.
Quarter ending December 31: 1789
To payments made to december 31: 1789 vizt By receipts from the commencement of the present Government to december 31: 1789 vizt.
on Warrants for Repayment of Domestic Loans
to the Bank of North America 50,940    On Domestic Loans
”   of New York 48,402.94 from the Bank of North America 90,000   
Joseph Howell4 1,600    ”   ”     of New York 80,000   
100,942.94 Joseph Howell 1,600   
171,600   
On Warrants for Domestic Expenditures
amount drawn to said period 222,594.97 Product of Duties on Imports and Tonnage 162,217 24
from which deduct warrants remaining unpaid 17,954    Gain on gold received in payment 6.28
204,640.97
305,583.91
Balance due by the Treasurer, agreeably to report of the Auditor of the Treasury no. 90 dat: January 22: 1790, carried to account for next quarter  28,239 61          
333,823 52 333,823.52
Quarter ending March 31: 1790
To disbursements in this quarter vizt. By balance in the Treasury on 31: december 1789 28,239.61
On Warrants for repayment of Domestic Loans By receipts from January 1: 1790 to March 31: 1790
to the Bank of New York 51,597.06 On Domestic Loans
from the Bank of New York		 50,000
”   of North America 39,060    Product of Duties on Imports
and Tonnage		 200,690.43
90,657.06
 
On Warrants for Domestic Expenditures repayment of part of a sum advanced for paying pensions of Invalids &c 3,008.56
amount remaining unpaid
last quarter		 17,954.   253,698.99
   drawn this
quarter		 125.595.08
143,549.08
from which deduct warrants remaining unpaid 12,880.68
130,668.40
221,325.46
Balance due by the Treasurer, agreeably to report of the Auditor of the Treasury No. 439 dated June 11: 1790, carried to account for next quarter  60,613.14          
281,938 60 281.938 60
Quarter ending June 30: 1790.
To disbursements in this quarter vizt By balance in the Treasury on 31: March 1790 60,613.14
On warrant for repayment of Domestic Loans to the Bank of new york 55,000    By receipts in this quarter
On Warrants for Domestic Expenditures On Domestic Loans
from the Bank of New York		 25,000   
amount remaining unpaid
last quarter		 12,880.68 Product of Duties on Imports and Tonnage 370,992.65
   drawn this
quarter		 234,999.48 on account of balances   1,468.81
397.461.46
247,880.16
 
from which deduct warrants remaining unpaid 125 79
247,754 37
302,754 37
Balance due by the Treasurer agreeably to report of the auditor of the Treasury No. 579 dated July 20: 1790, carried to account for next quarter 155,320.23          
458,074.60 458,074 60
Quarter ending September 30: 1790
To disbursements in this quarter vizt on Warrants for Domestic Expenditures By balance in the Treasury on 30: June 1790 155,320.23
amount remaining unpaid
last quarter		 125.79 By receipts in this quarter
Product of Duties on Imports an Tonnage		 452,198.06
   drawn this
quarter		 264,026.34 on account of balances 1,203.08
264.152.13 453,401.14
from which deduct warrants remaining unpaid 5,100.99
259.051.14
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 802 dated december 16: 1790, carried to account for next quarter 349,670.23          
608,721.37 608,721.37
 
Quarter ending December 31: 1790.
To disbursements in this quarter vizt. By balance in the Treasury on September 30: 1790 349,670.23
on warrants for Domestic Expenditures for reducing the domestic debt, out of the surplus of duties to the end of the year 1790 200,000    By Receipts in this quarter
Product of Duties on Imports and Tonnage		 610,592.20
amount drawn this quarter for other purposes 192,064.37 on account of balances &c     965.70
611,557.90
remaining unpaid last quarter 5,100.99
197,165.36
deduct warrants remaining unpaid   5.961.12
191,204.24
391,204.24
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 1079 dated March 11: 1791, carried to account for next quarter 570,023 88          
961,228.12 961,228.12
Half year ending June 30: 1791
To disbursements from January 1: to June 30: 1791 vizt. By balance in the Treasury on December 31: 1790 570,023.88
On Warrants for Domestic Expenditures By receipts from January 1: to 30: June 1791
for reducing the domestic debt out of the surplus of duties to the end of the year 1790 150,000    Product of Duties on Imports and Tonnage 1,013,353.22
“ drawn during the above time for other purposes 985,558.68 Remittance from William Lindsay 100   
On account of balances &c 39,430.35
           1,052,883.57
 
remaining unpaid last quarter 5,961.12 991,519.80
deduct warrants remaining unpaid 100,801.89
  890,717.91
1,040,717.91
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury, No. 1569 dated Septemr. 12: 1791 carried to account for next quarter   582,189.54           
1,622,907.45 1.622,907.45
Quarter ending September 30: 1791
To disbursements in this quarter vizt. By Balance in the Treasury on June 30: 1791 582,189.54
On Warrants for Domestic Expenditures By Receipts in this quarter
for reducing the domestic debt out of the surplus of duties to the end of the year 1790 349,984.23 Proceeds of Foreign Loans
from the Bank of North America		 229,269.47
drawn in this quarter for other purposes 701,316.60 “     of New York 132,121.87
361,391.34
Product of Duties on Imports and Tonnage 633,158.61
on account of balances &c      31.55
remaining unpaid last quarter, including 100 dollars remittance, part of former balance 101.901.89 994,581.50
802.218.49
 
deduct warrants remaining unpaid 255,011.67
547,206.82
897.191.05
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 1738 dated Nov: 9: 1791, carried to account for next quarter  679,579.99           
1,576,771.04 1,576,771.04
Quarter ending December 31: 1791.
To Disbursements in this quarter vizt. By balance in the Treasury on September 30: 1791 679,579.99
On Warrants for Domestic Expenditures remaining unpaid last quarter 255,011.67 By Receipts in this quarter
Product of duties on Imports and Tonnage		 956,270.69
drawn this quarter 432,283.71 on account of balances &c   6,007.74
687,295.38 962,278.33
deduct warrants remaining unpaid  19,342.71
667,952.67
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury, No. 19735 dated January 31: 1792. carried to account for next quarter   973,905.75           
1,641,858.42 1,641,858.42
 
Quarter ending March 31: 1792
To Disbursements in this quarter vizt By balance in the Treasury on Decemr. 31: 1791 973,905.75
On Warrants for reducing the French Debt 130,325    By Receipts in this quarter
Proceeds of Foreign Loans		 405,902.89
“ for reducing the Domestic Debt, out of the surplus of duties to the end of the year 1790 28,915.52 Product of duties on Imports & Tonnage 560,249.53
“ for Domestic Expenditures remaining unpaid last quarter 19,342.71 Ditto on domestic distilled spirits 1,100   
on account of balances &c 2,128.55
969.380.97
drawn this quarter 1,039,786.76
1,059,129.47
deduct warrants remaining unpaid   26,460.61
1,032,668.86
1.191.909.38
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 24316 dated May 17: 1792, carried to account for next quarter   751,377.34           
1,943,286.72 1,943,286 72
Quarter ending June 30: 1792.
To Disbursements in this quarter vizt By balance in the Treasury on March 31: 1792 751,377.34
On Warrants for reducing the French Debt 100,000    By Receipts in this quarter
Proceeds of Foreign Loans		 140,000   
“ for reducing the Domestic Debt, out of the surplus of duties to the end of the year 1790 213,772.79 of Domestic Loans, received from the Bank of the United States, on account of a loan pursuant to Act May 8: 17927 200,000   
 
“ for Domestic Expenditures remaining unpaid last quarter 26,460.61 Product of duties on Imports & Tonnage 1,030,925.13
on account of balances &c 3,320.39
Product of duties on domestic distilled spirits 49.941  
drawn this quarter 1,217,745.37 1,424,186 52
1,251,305.98
deduct warrants remaining unpaid 12,648.52
1,238,657.46
1,552,430.25
Balance due by the Treasurer, agreeably to report of the Auditor of the Treasury No. 2863 dated aug: 16: 1792, carried to account for next quarter   623,133.61           
2,175,563.86 2,175,563.86
Quarter ending September 30: 1792.
To Disbursements in this quarter vizt. By Balance in the Treasury on June 30: 1792 623,133.61
On Warrants for reducing the French debt 44,024    By Receipts in this quarter
“ for Domestic Expenditures remaining unpaid last quarter 12,648.52 Product of duties on Imports & Tonnage 489,840.20
on domestic
distilled spirits 72,640.51
on account of balances &c 8,060   
drawn this quarter 920,639.31
933,287.83
 
deduct warrants remaining unpaid 4,552.02 Proceeds of Domestic Loans, received from the Bank of the United States on account of a loan pursuant to act May 8: 17928 200,000    770,540.71
928.735.81
972,759.81
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 3204 dated November 12: 1792 carried to account for next quarter   420,914.51           
1,393,674.32 1,393,674.32
Quarter ending December 31: 1792
To Disbursements in this Quarter vizt. By Balance in the Treasury on September 30: 1792 420,914.51
On Warrants for reducing the French Debt By Receipts in this Quarter
drawn 170 914.83
} 160,914.83
By Receipts in this Quarter
deduct remaining unpaid 10,000 Product of duties on Imports & Tonnage 1,362,055.99
for Debt due to Foreign Officers 18,354.79
on domestic distilled spirits 85,261.30
for reducing the Domestic Debt, out of the surplus of duties to the end of the year 1790 15,098.11 on account of balances &c 9,209.76
for Domestic Expenditures remaining unpaid last quarter 4,552.02 Proceeds of Domestic Loans, received from the Bank of North America, without interest, for the use of the department of war 156,595.56 1,613,122.61
drawn this quarter 1,083,809.19
1,088,361.21
deduct warrants remaining unpaid 32,136.33
1,056,224.88
1,250,592.61
 
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 36509 dated february 18: 1793, carried to account for next quarter   783,444.51
2,034,037.12 2,034,037.12
Quarter ending March 31: 1793.
To disbursements in this quarter vizt. By balance in the Treasury on december 31: 1792 783,444.51
On warrants for remittances to Holland on account of the dutch debt 77,240 — By Receipts in this quarter
Product of duties on Imports and Tonnage		 967,841.99
for reducing the French debt drawn this qr. 146 742.38
} 156,742.38
on domestic distilled spirits 93,290.51
remaining unpaid last qr. 10,000.  
for Debt due to Foreign Officers 16,718.73 on account of balances &c 421.03
for reducing the Domestic debt, out monies received on account of foreign loans 284,901.89 Proceeds of Foreign Loans 680,676.45
1,742,229.98
for Domestic Expenditures remaining unpaid last quarter 32,136.33
drawn this quarter 977,160.82
1,009,297.15
deduct warrants remaining unpaid 55,198.75
  954,098.40
1,489,701.40
Balance due by the Treasurer, agreeably to report of the auditor of the Treasury No. 4150 dated June 3d. 1793, carried to account for next quarter 1,035,973.09           
2,525,674.49 2,525.674.49
 
Quarter ending June 30: 1793.
To Disbursements in this Quarter vizt. By balance in the Treasury on March 31: 1793 1,035,973.09
On warrants for remittances to Holland on account of the dutch debt 84,429.20 By Receipts in this quarter
Product of Duties on Imports & Tonnage		 901,729.70
“ for reducing the French debt 611,487.19
“ for debt due to Foreign officers 8,372.65 on domestic distilled spirits 89,696.69
“ for Domestic Expenditures
remaining unpaid last quarter		 55,198.75 on account of balances &c 783.52
drawn this quarter 911,481.36 Proceeds of Domestic Loans, received from the Bank of the United States on account of a loan pursuant to act of feb: 28: 179310 200.000   
966,680.11 1,192,209.91
deduct warrants remaining unpaid 4,221.58
  962,458.53
1,666,747.67
Balance due by the Treasurer, agreeably to report of the Auditor of the Treasury, No. 4621 dated decemr. 9: 1793   561,435.33            
2,228,183.   2,228,183 —
Half year ending December 31: 1793.
To payments made from July 1: to decemr. 31: 1793 vizt By balance in the Treasury on June 30: 1793 561,435.33
On warrants for debt due to Foreign officers 13,909.09 By product of duties on Imports & Tonnage 2,385,734.87
“ for reducing the French debt 569,651 75 By ditto on domestic distilled spirits 154.718.50
“ for remittances to Holland on account of the Dutch debt 42,000    By amount received on account of balances &c 58,706.33
By proceeds of foreign bills of Exchange 516,595.56
“ for reducing the domestic debt out of monies received on account of foreign Loans 50,000    By domestic Loans, received from the Bank of the United States 400,000   
 
“ for the first instalment on the loan of ten millions from the Bank of the United States 200,000   
“ for repayment of Domestic Loans amount of warrants drawn 656,595.56
of which paid to the Bank of the U:S: 400,000   
to the Bank of North America 156,595.56
556,595.56 556,595.56
   remaining unpaid 100,000   
“ for Domestic Expenditures amount of warrants remaining unpaid last quarter 4,221.58
drawn this quarter 1,893,787.37
1,898,008.95
from which deduct amount of warrants remaining unpaid 6,636.45
1,891,372.50
3.323,528.90
Balance in the Treasury on December 31: 1793   753,661.69           
4,077.190.59 4,077,190.59

N:B: The accounts of the Treasurer for the half year ending December 1793 have not been settled at the Treasury but the above balance differs only two cents from that stated by him.

D, RG 233, Papers of the Select Committee Appointed to Examine the Treasury Department, Third Congress, National Archives; copy, RG 217, Oliver Wolcott’s “Explanation of Accounts, 1792–1794,” Comptroller of the Treasury, National Archives.

1. For background to this document, see the introductory note to H to Frederick A. C. Muhlenberg, December 16, 1793.

The select committee of the House of Representatives, which had been appointed on February 24, 1794, to examine the Treasury Department, had been charged with inquiries specified by William B. Giles of Virginia in the resolutions for instituting the examination. The second of these inquiries reads as follows: “Whether the cash receipts, from domestic resources, have exceeded, equalled, or fallen short, of the domestic cash expenditures, from the establishment of the Government, to the first day of January one thousand seven hundred and ninety-four; remarking the dates and amounts of any excess, or deficiency, quarterly” (Journal of the House description begins Journal of the House of Representatives of the United States (Washington, 1826), I, II. description ends , II, 71).

2. The minute book of the select committee for this date reads in part as follows: “2 Statements of receipts & expenditures exhibited by the Secretary of the Treasury” (D, RG 233, Papers of the Select Committee Appointed to Examine the Treasury Department, Third Congress, National Archives). Of the statements among the records of the select committee the two statements printed above are marked “laid before the Committee of Enquiry. 18th March 1794.”

3. Lindsay was collector of customs for Portsmouth and Norfolk, Virginia.

4. In 1789 Joseph Howell was acting paymaster general of the United States.

5. This account may be found in RG 217, Miscellaneous Treasury Accounts, 1790–1894, National Archives.

6. This account may be found in RG 217, Miscellaneous Treasury Accounts, 1790–1894, National Archives.

7. H is mistaken concerning this act. Two hundred thousand dollars was “received” at this time in accordance with a loan made under Section 16 of “An Act for raising a farther sum of money for the protection of the frontiers, and for other purposes therein mentioned” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 262 [May 2, 1792]).

8. See note 7.

9. This account may be found in RG 217, Miscellaneous Treasury Accounts, 1790–1894, National Archives.

10. “An Act making appropriations for the support of Government for the year one thousand seven hundred and ninety-three” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 325–29).

Index Entries

    You Are Looking At

    Source Project
    Hamilton Papers
    Title
    Report on the Receipts and Expenditures of the United States from the Commencement of the Present Government to the End of the Year 1793, [18 March 1794]
    Authors
    Treasury Department
    Hamilton, Alexander
    Date
    18 March 1794

    Reference

    Cite as
    “Report on the Receipts and Expenditures of the United States from the Commencement of the Present Government to the End of the Year 1793, [18 March 1794],” Founders Online, National Archives, https://founders.archives.gov/documents/Hamilton/01-16-02-0130. [Original source: The Papers of Alexander Hamilton, vol. 16, February 1794 – July 1794, ed. Harold C. Syrett. New York: Columbia University Press, 1972, pp. 165–181.]