A View of the Public Finances
Document 1798Lists the revenue of the United States for 1795-1798 that was the result of the duties on imports and tonnage. Not withstanding the depredations on US commerce, the branch of revenue may be estimated at seven million dollars. This does not include duties on domestic distilled spirits, stills, sales at auction, licenses for selling foreign spirits and wines by retail, refined sugar and carriages.
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Treasury Department
November 10. 1798
Sir,
In pursuance of the request in your letter of the 4th instant and for the purpose therein mentioned, I enclose a view of the public finances.
I am respectfully,
Sir,
Your Obedient Servant
[signed] Oliver Wolcott
The Secretary of War
The Secretary of the Treasury in pursuance of the request contained in the letter from the Secretary of War dated the 4th instant, and with reference to the objects mentioned in the document accompanying the same, submits the following view of the finances of the United States.
Of the Revenue
The duties on Impost and Tonnage have produced in the Treasury the following sums Viz: —
During the year 1793 . . . . $5,588,961 26
During the year 1794 . . . . 6,840,982 [undecipherable]
During the year 1797 . . . . 7,549,649 65
During the two months preceding the first of October 1798 . . 7,105,420 86
It is presumed that notwithstanding the depreciation on Commerce the before mentioned branch of Revenue may be safely estimated at . . . . . . . . $67,100,000 [undecipherable]
The duties on Domestic distilled Spirits, Sales of Licenses for selling foreign Spirits and Wines by Retail, refined sugars and Carriages have produced during the periods above mentioned, the following sums — Viz.
Type
Letterbook Copy
Description
Lists the revenue of the United States for 1795-1798 that was the result of the duties on imports and tonnage. Not withstanding the depredations on US commerce, the branch of revenue may be estimated at seven million dollars. This does not include duties on domestic distilled spirits, stills, sales at auction, licenses for selling foreign spirits and wines by retail, refined sugar and carriages.
Date
11/16/1798
Author
Recipient
Sent from
Treasury Department
Repository
Collection
Document number
1798111640101
Page start
1
Notable persons
James McHenry
Oliver Wolcott Jr.
Secretary of War
Secretary of Treasury
Notable locations
Treasury Department
Notable items
public finances
revenue
depredations
distilled spirits
stills
sales
auction
license
foreign spirits
wines
retail
refined sugar
carriages
imports
tonnage
finances
duties

