on all importations which paid an _ad valorem_ duty.

This additional impost, laid by act of March 25, 1804, called the Mediterranean Fund, remained in force long after the war closed and held its place on the books of the Treasury under that name.
The bulk of the cost of Louisiana was met by an issue of bonds; but Mr.
Gallatin, true to his principle, applied the moneys in the Treasury as far as they would go.

The budget for 1805 was on a different scale.

The increase in the debt demanded a proportionate increase in the revenue to meet the additional sum required for interest and gradual annual reimbursement.

The Mediterranean Fund was sufficient to meet the increased amounts required for the navy.