Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The extent and variety of executive business also accumulating with the
progress of our country and its growing population call for an additional
department, to be charged with duties now over-burdening other departments
and with such as have not been annexed to any department.
The course of experience recommends, as another improvement in the
executive establishment, that the provision for the station of
Attorney-General, whose residence at the seat of Government, official
connections with it, and the management of the public business before the
judiciary preclude an extensive participation in professional emoluments,
be made more adequate to his services and his relinquishments, and that,
with a view to his reasonable accommodation and to a proper depository of
his official opinions and proceedings, there be included in the provision
the usual appurtenances to a public office.
In directing the legislative attention to the state of the finances it is a
subject of great gratification to find that even within the short period
which has elapsed since the return of peace the revenue has far exceeded
all the current demands upon the Treasury, and that under any probable
diminution of its future annual products which the vicissitudes of commerce
may occasion it will afford an ample fund for the effectual and early
extinguishment of the public debt. It has been estimated that during the
year 1816 the actual receipts of revenue at the Treasury, including the
balance at the commencement of the year, and excluding the proceeds of
loans and Treasury notes, will amount to about the sum of $47 millions;
that during the same year the actual payments at the Treasury, including
the payment of the arrearages of the War Department as well as the payment
of a considerable excess beyond the annual appropriations, will amount to
about the sum of $38 millions, and that consequently at the close of the
year there will be a surplus in the Treasury of about the sum of $9
millions.
The operations of the Treasury continued to be obstructed by difficulties
arising from the condition of the national currency, but they have
nevertheless been effectual to a beneficial extent in the reduction of the
public debt and the establishment of the public credit. The floating debt
of Treasury notes and temporary loans will soon be entirely discharged. The
aggregate of the funded debt, composed of debts incurred during the wars of
1776 and 1812, has been estimated with reference to the first of January
next at a sum not exceeding $110 millions. The ordinary annual expenses of
the Government for the maintenance of all its institutions, civil,
military, and naval, have been estimated at a sum greater than $20
millions, and the permanent revenue to be derived from all the existing
sources has been estimated at a sum of $25 millions.
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