EXPORTS. ACCORDING to official report, the United Statesexport, for the year ending on the 30th September, 1824, amounted to 74,933,488 dollars. Which exceeds that of the year preceding by 234,458 dollars. It is composed as follows: Of Domestic commodities, Doll. 49,684,709 Foreign Do. re-shipped, 25,248,779 In consequence whereof, for the three years ending on the same day, the average amount of export, proves to have been, viz. Of Domestic commodities, Doll. 48,904,732 Average-total per annum, for 1822, 1823, 1824, Doll. 73,930,933 And with respect to Ratio between the two divisions of export, it is seen to be a very near approach to the proportion of Two to One, in favour of Domestic. 208 PUBLIC DEBT. Ir appears that, of the principal of the United States-debt, stated in page 127, as due on the first of January, 1823, say Doll. 83,777,431 There has been redeemed, the sum of, 7,232,428 But, by a new loan of five millions of Dollars, authorised under an act of Congress, 24th May, 1824, to fulfil the Florida treaty with Spain, an augmentation, to that amount, was made, say So that, On the 1st January, 1825, the aggregate 5,000,000 amount of principal stands thus, Doll. 81,545,003 And the particulars are as follows: 6 per cents, redeemable in 1825 Doll. 7,654,570 The which, is without including seven millions of 5 per cent stock, issued in payment for 70,000 Bank of United States shares, which are holden by Government. Of the thirty-two million of dollars redeemable as above, in 1826 and 1827, it is proposed to postpone to a later period, the payment of about eighteen millions, and upon this, to reduce the rate of interest, for the additional term: which may be effected, it is supposed. either by an exchange of stock or by a new loan, at 4 to 5 per cent, and possibly at less. 27 |