$7,770,300.00 Navy Department 3,107,501.54 Indian Department 230,975.00 -- ----------- 11,108,776.54 Interest on debt $2,498,013.19 On account of principal 2,938,465.99 -- ----------- 5,436,479.18 -- ------------ $18,368,325.07 Leaving in Treasury 30 Sept., 1812 2,361,652.69 -- ------------ $20,729,977.76 The sums obtained or secured on loans during the year amounted to $13,100,209, and the secretary had the satisfaction to state "that notwithstanding the addition thus made to the public debt, and although a considerable portion has been remitted from England and brought to market in America, the public stocks (which had at first experienced a slight depression) have been for the last three months, and continue to be, at par." His last report to the commissioners of the sinking fund of February 5, 1813, stated the usual application of $8,719,773 to the principal and interest of the debt.
In his report of December 1, 1812, Mr.Gallatin announced that a loan of twenty-one millions was needed for the service of 1813.

Congress authorized a loan of $16,000,000, having six years to run, and an additional issue of $5,000,000 of treasury notes.

Congress adjourned on March 4.

Their procrastination and the pressing demands of the War Department nearly beggared the Treasury before the loans could be negotiated and covered into it.
On April 17 Mr.Gallatin wrote to the secretaries of the army and of the navy, and sent a copy of his letters to Mr.Madison with information that the loan had been filled, and the probable receipts of the Treasury from ordinary sources for the year ascertained.

These he estimated at $9,300,000.