statements from the proper department will as soon as possible apprise you
of the exact result. Enough, however, is known already to afford an
assurance that the views of that act have been substantially fulfilled. The
subscription in the domestic debt of the United States has embraced by far
the greatest proportion of that debt, affording at the same time proof of
the general satisfaction of the public creditors with the system which has
been proposed to their acceptance and of the spirit of accommodation to the
convenience of the Government with which they are actuated. The
subscriptions in the debts of the respective States as far as the
provisions of the law have permitted may be said to be yet more general.
The part of the debt of the United States which remains unsubscribed will
naturally engage your further deliberations.

It is particularly pleasing to me to be able to announce to you that the
revenues which have been established promise to be adequate to their
objects, and may be permitted, if no unforeseen exigency occurs, to
supersede for the present the necessity of any new burthens upon our
constituents.

An object which will claim your early attention is a provision for the
current service of the ensuing year, together with such ascertained demands
upon the Treasury as require to be immediately discharged, and such
casualties as may have arisen in the execution of the public business, for
which no specific appropriation may have yet been made; of all which a
proper estimate will be laid before you.

Gentlemen of the Senate and of the House of Representatives:

I shall content myself with a general reference to former communications
for several objects upon which the urgency of other affairs has hitherto