The Life And Correspondence of Rufus King; Comprising His Letters, Private And Official, His Public Documents, And His Speeches
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on New Loan, of 28,328, ace. at 6^, 562,000 6,911,764.42 Aggregate amount 13,911,764.42 Estimate of Taxes receivable in the year 1814. from Custom House Bonds 5,500,000 from duties reed, in Cash 500,000 from Land Tax and internal duties 3,500,000 9,500,000.00 leaving a deficit in the Taxes of 1814 to satisfy all charges 4,411.764-42 In the estimate laid before Congress from the Treasury De- partment during the present Session, the Deficit of the Taxes in- stead of the 4,411,764 dollars, is esti...mated at something less than 376 RUFUS KING. [1814 one million dollars. This important difference arises from the erroneous increase of the amount of Taxes of the year 1814, by the addition of 1,180,000 dollars of former appropriations remain- ing in the Treasury at the end of last year, by the further addi- tion of 600,000, the estimated proceeds of the annual sales of pub. Lands, and by the withholding, from the annual charges upon the Taxes of the year, the sum of 1,971,316, being the interest annu- ally payable out of the Taxes to the Commissioners of the S.
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