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Subject Area: Economics
Subject Area: Political Theory

GALLATIN TO JEFFERSON. - Albert Gallatin, The Writings of Albert Gallatin, vol. 1 [1879]

Edition used:

The Writings of Albert Gallatin, ed. Henry Adams (Philadelphia: J.B. Lippincott, 1879). 3 vols.

Part of: The Writings of Albert Gallatin, 3 vols.

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GALLATIN TO JEFFERSON.

Department Treasury, 28th May, 1805.

Dear Sir,—

The last paragraph of the enclosed letter seems to confirm the hints that Great Britain had not succeeded in forming any efficient alliance on the Continent.

There is an Act passed by the Legislative Council of Orleans for dividing the Territory into counties, which, if it has been received either by you or by the Department of State, would assist in dividing the two land districts. It will be necessary to establish it soon, as Mr. Thomson has accepted and writes that he will be on the spot in July.

By a sketch of the revenue (impost) for 1804, I find that after deducting the drawbacks, debentures, bounties, expenses of collection, it amounts to$13,180,000
That of 1803 was only (on which our estimates are founded)$11,310,000
making an increase of$1,870,000
which arises from the following items, viz.:
New Orleans revenue,$270,000
Light money and specific duties for six months at most,100,000
Mediterranean fund for six months,470,000
Natural and war increase,1,100,000
$1,940,000
Deduct increased expenses of collection,$70,000
Increase as above,$1,870,000

Our receipts have not, however, kept altogether pace this year with that apparent increase, owing principally to the great re-exportations this year of articles imported last season.

The gross revenue of New Orleans has been for the three last quarters of 1804$232,576
add for another quarter68,000
makes for the whole year$300,576

The first quarter of 1804 gave but 34,000 dollars under the Spanish duties and regulations. Our laws commenced on 1st April.

With great respect and attachment, your obedient servant.