A. D. 1794. 



3^5 



mufl; be greatly facilitated and extended by the difcovery of coal iu 

 many parts of the country, which lay unknown, or neglected, while 

 wood continued to be fuperabundant. 



To this brief view of the operations of individuals it may be added, 

 that large fums have been inverted by the government and incorporated 

 companies, in opening new and extenfive roads into the interior parts 

 of the country, in the conllrudion of canals, and the improvement of 

 the navigation of rivers in South Carolina, North Carolina, Virginia, 

 Maryland, Pennfylvania, New Jerfey, and New York. A national bank 

 at Philadelphia, with fubordinate offices at Bofton, New York, Balti- 

 more, and Charlefton, and alio two other banks in Philadelphia *, and 

 fome others in various parts of the country, have been eflablifhed upon 

 principles, which the experience of years has now (1800) approved as 

 found and judicious. The fmall national debt of the United ftates has 

 been put in a train of redemption ; and a confiderable proportion of 

 it is adlually redeemed f . Every dollar, and, with very few exceptions, 

 every perfon in the country, are continually in adion. And, what 

 muft be a very great encouragement to every kind of induftry, they 

 have cheap and comfortable living, their taxes are next to nothing, and 

 they are entirely free from tithes and predominant religious ellablifh- 

 ments :]:. 



The following account fliows the quantity of fhipping, which entered^, 

 and paid tunnage duties, in the ports of the United Hates in the years 



ending on the 30'" of September 



Vessels belonging to 

 The United states - - - 



The United states jointly with foreigners 

 Great Britain and Ireland 

 France ... 



Spain ... 



United Netherlands 



Portugal . . - . 



Germany and Imperial dominions > 



Denmark ... 



Sweden and Russia 

 Prussia . - - 



Total tuns (of ninf/j/^fe feet carpenter's measurement) 761,68! 737,075 800,261 



1792 



Tuns. 



549,279 



407 



209,646 



24,443 



3,148 



3,123 



2,843 



5,677 

 753 

 943 



* The bank of the United flates was eftabhflied 

 in the year 1791. The ftock of it is commonly 

 fold in London and Amfterdam as well as in Ame- 

 rica, and the dividends are paid by agents in thofe 

 cities for the convenience of foreign proprietors. 



Tlie bank of North America was cftablifhed in 

 the year 1781, and that of Pennfylvania in 1792. 



Thefe three banks are in Philadelphia. 



•J- Mr. Coxe ftates the real maikttable value of 

 the remaining debt on the l" day of January 1 794 

 to be about eleven millions fterling ; and the re- 

 venue of the United ftates in the year 1792 at 



^832,500 fterling, Thofe of I 793 and 1 794 were 

 greater in confeqiience of the incrtafmg commerce, 

 agriculture, and profperity, of the country. 



t In ConnciJticut, according to the oblervations 

 of the duke de Rochefoucault Liancourt [Travels, 

 V. ii, jO. 331 of EiigTiJh tranJl(iUnn~\ prefbyttvianifm 

 ftill reigned in the year 1795 ' in all its rigour, 

 ' defpotifm, and intolerance,' notwjthftanding the 

 perfeft religious liberty cftabllllied by the h\v. 

 But manners, and opinions in matters of religion, 

 are much more powerful than laws. 



