Reports of the Secretary of the Treasury of the United States Prepared in Obedi

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Reports of the Secretary of the Treasury of the United States Prepared in Obedi
George Burnap
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If, nevertheless, a part of this residue of the six per cent, stock should be found unextinguished on the arrival of the year 1829, (as probably would be the case, ) the obligation of paying it off then would constitute neither objection nor inconvenience to the measure of a loan upon the terms proposed. It is consequently believed that, under all views of the subject, the measure would give promise of public advan- tage. Such a law as is recommended being passed, and its execution confided to ...the discretion of the Executive, that discretion would be exerted to in- sure the accomplishment of its object, regarding both the time of obtaining the loan, and its conditions, in a manner the most satisfactory.
III. ESTIMATE OF THE PUBLIC REVENUE AND EXPENDITURE FOR. 1827.
The importation of foreign articles into the United States, in 1825, was larger than common, having amounted, as by the statements transmitted to Congress on the 30th of last March, to more than ninety-six millions of dollars in value.


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