by the late want of remittances from Mexico, than the most specious attempt to demonstrate, upon paper, the existence of a Surplus Revenue, from which no practical benefit can be derived. It proves that the resources of the country are unimpaired; that, with very limited assistance from foreign capitalists, the Revenue department has been re-organized, the complicated machinery of former times simplified; and a system established, which has already produced, in ten months, eleven millions and a half of dollars; and that, although the Receipts do not yet quite cover the Expenditure, there is every prospect that they will do so in 1828, since that expenditure can hardly exceed the Estimates of the present year, while a lamentable change indeed must take place, in order to prevent the Revenue from producing the fourteen millions of dollars, at which, upon the most careful, and dispassionate computation, I have estimated it in the preceding pages.
For the information of those who may wish to see, more in detail, the various items of the Public Expenditure in the different Departments, I annex a Table of the Estimates of each, as given in the Finance Report of 1827.
Of the Revenues of the States, which consist, in general, of
1. Mint duties.
2. Alcavalas.
3. Three per cent, duty on foreign goods consumed in the territory of each State, (Granted by General Congress.) Profits on sale of tobacco.
