The receipts of the Treasury during the year ending on the 30th day of September last have exceeded the sum of $13 millions, which, with not quite $5 millions in the Treasury at the beginning of the year, have enabled us after meeting other demands to pay nearly $2 millions of the debt contracted under the British treaty and convention, upward of $4 millions of principal of the public debt, and $4 millions of interest. These payments, with those which had been made in three years and a half preceding, have extinguished of the funded debt nearly $18 millions of principal. Congress by their act of November 10th, 1803, authorized us to borrow $1.75 millions toward meeting the claims of our citizens assumed by the convention with France. We have not, however, made use of this authority, because the sum of $4.5 millions, which remained in the Treasury on the same 30th day of September last, with the receipts of which we may calculate on for the ensuing year, besides paying the annual sum of $8 millions appropriated to the funded debt and meeting all the current demands which may be expected, will enable us to pay the whole sum of $3.75 millions assumed by the French convention and still leave us a surplus of nearly $1 million at our free disposal. Should you concur in the provisions of arms and armed vessels recommended by the circumstances of the times, this surplus will furnish the means of doing so. On this first occasion of addressing Congress since, by the choice of my constituents, I have entered on a second term of administration, I embrace the opportunity to give this public assurance that I will exert my best endeavors to administer faithfully the executive department, and will zealously cooperate with you in every measure which may tend to secure the liberty, property, and personal safety of our fellow citizens, and to consolidate the republican forms and principles of our Government. In the course of your session you shall receive all the aid which I can give for the dispatch of public business, and all the information necessary for your deliberations, of which the interests of our own country and the confidence reposed in us by others will admit a communication. TH. JEFFERSON *** State of the Union Address Thomas Jefferson December 2, 1806 The Senate and House of Representatives of the United States: