Mr. W. SMITH said, he should not adduce many arguments to show the propriety of advancing the duty upon this article any more than that upon any other; but he wished to bring before the committee a true statement of the receipts and expenditures of the United States, in order to show what sum of money would probably be wanted to answer the demands of the United States. As he differed considerably from the gentleman from Pennsylvania as to our real wants, he considered it as his duty to lay this statement before the committee. He had investigated the subject with as much accuracy as possible. He had attended to the documents which had been laid before them, to the laws which would probably pass this session, and to the probable increase of revenue. The result of this examination was, that there would be a deficiency of about a million of dollars. To what the additional imposts already agreed to would amount, he could not say, but he believed they would make 200,000 dollars, which would leave a deficiency of 800,000 dollars. He made the following statement: _Expenses of 1797._ Civil list, $634,322 Military and Naval Establishment and pensions, 1,284,532 Deficiency of 1796, 201,000 Algerine appropriation, 376,500 Interest of Domestic Debt, 3,471,972 Interest on Dutch debt, 614,241 Instalments do do. 1797, 400,000 Premium remitt. &c. 50,000 Appropriations for frigate, 171,000 --------- 7,213,567 ========= _Revenues of 1797._ Impost, $5,588,961 Internal revenues, 337,255 Post Office, 35,000 Bank stock, 150,000 Stock redeemed, 88,636 Sundries, 746 --------- 6,200,598 Additional imposts in 1797, 200,000 --------- 6,400,598 Probable deficiency of revenue, 812,969 --------- 7,213,567 =========