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Enclosure I: Estimate of Receipts and Expenditures for 1801, 14 March 1801

Estimate of Receipts and Expenditures for 1801

Sketch &c.
Expenses & Receipts of 1801

1. Interest & charges on public debt including repayt. on six p% &
def stock
2. Civil list, mint, military pensions, light houses, foreign intercourse, 900,000.
3. Expenses attending land tax & census 100,000.
4. Extraordy. expenses attending for. intercouse vizt.
    Protection of seamen 30,000 } 529,500 appropd.
    Prize causes in England 64,000
    British Treaty 58,000
    Spanish do. 46,500
    Algiers & Barbary 256,000
    French prisoners 75,000
  But as all these items may, this year, be reduced, provided proper
& immediate attention is paid to them, they may be estimated at
5. Army & Indian Departments 1,400,000 } 2,000,000 appd.
  Fortifications 200,000
  Cannon, arms, military stores 400,000
  The same observation as in last item—may be estimated at 1,600,000.
6. Naval establisht. vizt.
  2 large frigates & 4 smallest on war establisht. for 1 year 500,000 } 1,630,000 
  The whole estabt. exclusively of contingencies on shore,
marines, and building of ships, after deducting Insurgent
& Pickering supposed to be lost is
   Deduct the six frigates retained
Remaining establisht.
1620 000
By taking proper measures for promptly
recalling & disarming the ships not kept
in service, the expense for this year may
be estimated at ⅓ of this whole or 540,000
Expenses for laid up vessels        say 36,000
Contingencies on shore 37,000
Marine corps 167,000
Progressing with 74s—appd. 500,000, expend 300,000
Purchase of navy yards, progressing with that at the
    Eastern branch,—no visible appropriation
Purchases of timber—appropriation of 98 expired but
    to pay contracts say
Total Expenses 9,955,000
7. Surplus applicable this year to paymt. of debt 2,400,000 
Impost. for 1800 was 9,080,932.73—say for 1801 8,500,000
   Internal   809,000. 800,000
   Direct tax   734,000 1,000,000
Postage, dividends on bank stock, certs, fines &c. 200,000
   Lands—very uncertain—say 300,000
Surplus in Treasury vizt
Balance on 1st Jany. 1801 was
2,557,000 } about 1,555,000 
Say that it is necessary to keep
always there about

NB. The proceeds of the sales of vessels, about 300,000 dollars are not set down as part of the receipts, but allowed to cover contingencies, defalcations & mistakes—

MS (DLC: TJ Papers, 110:18957); undated; entirely in Gallatin’s hand; on verso in Gallatin’s hand: “No. 1.”

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