The total receipts for the fiscal year were nearly eighteen millions.

The total receipts for-- Customs reached $26,126,648 On which debentures were allowed on exportations 10,059,457 -- --------- Actual receipts from customs $16,067,191 But this source of revenue was now definitively closed by the embargo, while the expenditures of the government were increased.

Mr.Gallatin met the situation frankly and notified Congress of the resources of the Treasury.
RESOURCES FOR 1809 Cash in Treasury $13,846,717.52 Back customs, net 2,154,000.00 -- ------------ Total resources $16,000,717.52 The receipts from importations and land sales would be offset by deductions for bad debts and extensions of credit to importers.

The expenditures were set at $13,000,000, which would leave in the Treasury for extraordinary expenditure $3,000,717.

The disbursements had been far beyond the estimates; those for the military and naval establishments reaching together six millions.
It is not to be supposed that Mr.Gallatin saw this depletion of the Treasury, this rapid dissipation of the specie,--always desirable and never more so than in periods of trouble,--without disappointment and regret.