and deferred stock had already fallen two or three per cent.

below par.

Mr.Gallatin again recommended the conversion of these securities into a new six per cent.

stock, which would facilitate the new loan, and to prevent the necessity of applying, the same years, the large sums required in reimbursement of and purchase of the public debt.
On December 1 Mr.Gallatin made his last annual statement.
_Treasury Report for Fiscal Year ending September_ 30, 1812.
RECEIPTS.
Customs, sales of lands, etc.

$10,934,946.20 On account of loan of eleven millions, act 14 March, 1812 5,847,212.50 -- ------------ $16,782,158.70 Balance in Treasury October 1, 1811 3,947,818.36 -- ------------ $20,729,977.06 ============== DISBURSEMENTS.
Civil Department, foreign intercourse $1,823,069.35 Army, militia, forts, etc.