59673_1795-1799

1796.] SINKING FUND. 465

Abstract of the articles enumerated in the foregoing table, viz:

£ s. d. 137 free negroes, mulattoes, &c. at 9s. 4d. each, - - - - - 63 18 8

30,052 slaves, at 4s, 8d. each, - 7,012 2 8 £ s. d.

Total value of stock in trade, faculties, &c. 25,657 10 0 Do. of lots in towns and villages, 13,514 3 9 £ s. d.

39,171 13 9 9,278 acres of land, at 60s. - - 27,834 0 0

25,792 do. at 405. - - 51,584 0 0 43,763 do. at 20$. - 43,763 0 0 71,078 do. at 15s. - - - 53,308 10 0

256 do. at 10s. - - 128 0 0 46,899 do. at 8s. - - 18,759 12 0 12,555 do. at 6s. - - 3,766 10 0

680,262 do. at 5s. - - 170,065 10 0 120,793 do. at 3s. - - 18,118 19 0

1,593,841 do. at 2s. - - 159,384 2 0 2,519,383 do. at Is. - - 125,969 3 0

672,681 6 0 3

711,852 19 k at i per cent. 3,559 5 6

10,635 6 10 £ s. d.

Deduct commissions 5 per cent, for collection, 531 15 4 For errors, - - - - 13 2 10 544 18 2

South Carolina currency, dollars, 4s, 8d. 10,090 8 8 as before.

4th CONGRESS.] N O . 1 0 1 . [2d SESSION.

S I N K I N G FUND.

COMMUNICATED TO THE SENATE, DECEMBER 16, 1796, AND JANUARY 26, 1797.

The Commissioners ofthe Sinking Fund respectfully report to Congress as follow: That the purchases of the debt of the United States, as stated in their report of the eighteenth of December,

1795, amount to two millions three hundred and seven thousand six hundred sixty-one dollars and seventy-one cents, for which there have been paid in specie, one million six hundred eighteen thousand nine hundred thirty-six dollars and four cents, as will more particularly appear from the document marked A.

That, subsequent to their said report ofthe eighteenth of December, 1795, and in pursuance of the act, entitled "An act making further provision for the support of public credit, and for the redemption of the public debt," the commissioners of the sinking fund have caused the sum of five hundred forty-four thousand ana sixty-six dollars and fifty-four cents to be applied towards the redemption of the six per cent, stock bearing a present interest, as will appear from the document marked B.

That there is, at this time, in the hands of the Treasurer of the United States, as their agent, the sum ot sixty-seven thousand and twenty-five dollars and sixty-three cents, arising from dividends since the first of April last, on stock heretofore purchased and redeemed, and the sum of ten thousand two hundred and seventy-four dollars and thirty-eight cents, arising from payments into the treasury on account of debts due to the United States prior to their present constitution; which sums, with the dividends to be made at the close of the present year, and other funds appropriated by law, will be applied, on the first day of January ensuing, to a further reimbursement of the six per cent, stock, bearing a present interest, agreeably to the directions of the act in that case made and provided.

In pursuance of the first section of the act, entitled "An act making further provision for the support of public credit, and for the redemption of the public debt," a loan of five hundred thousand dollars was authorized by a resolution of the Board, passed on the twenty-eighth of December, 1795, approved by the President of the United States, which has been obtained of the Bank of the United States.

The measures adopted in pursuance of the act, entitled 6 6An act making provision for the payment of certain debts of the United States," passed in the last session of Congress, being in a train for execution, and not com-pleted, will be communicated in a future report.

On behalf of the Board. JOHN ADAMS. December Wh, 1796.

1796

A. Statement of the Purchases of Public Stock by the Agents to the Trustees named in the Met for the Eeduction of the Public Debt.

Deferred stock.

Total amount of stock purchased by the agents to the trustees, as per report to the House of Representatives, dated 21st November, 1795,

I do hereby certify, that the trustees named in the acts for the eduction of ^ mblic debt, have credit on the books of the several stocks at the Treasury in the sums above stated, in the several columns of deferred stock, proper and assumed; and the amount thereof, being m h h e ^ ^ e ^ a r Wished bv their purchases, is two millions three hundred and seven thousand six hun-l?ed S S ^ ^ - X S r e and seventy-one cents, for which the sum of one million six hundred a ^ eighteen thousand n i n e W l r e d ^ d th rty.-six dolla^ and four cents, m specie, was paid from the public treasury, from the following funds, viz:

Qnrnlnq dutfps to the end of the year 1790, $957,770 65: amount purchased therewith, T o^ of $2 000 000 - - - 434,901 89: amount purchased therewith, Intent on stock purchased and redeemed, 226,263 50: amount purchased therewith,

$1,618,936 04

Six per cent stock.

Proper.

$684,349 11 $223,467 53

326,500 13 275,554 36 82,294 62

$684,349 11

Assumed.

112,515 99 78,050 59 32,900 95

$223,467 53

Three per cent, stock.

Proper.

$415,415 66

348,498 40 27,843 47 39,073 79

$415,415 66

Assumed.

3,444 97 $766,409 65

52,574 50 3,888 47

39,982 00

$96,444 97

Proper.

$121,574 79

588,791 54 98,474 72 79,143 39

$766,409 65

Assumed.

$2,307,661 71

42,995 32 39,113 94 39,465 53

$131,574 79

Amount of the several species

of stock.

Moneys expend-ed in purchasing

debt.

$1,618,936 04

1,471,875 88 522,925 55 312,860 28

3,307,661 71

TRBASURY DEPARTMENT, REGISTER'S OFFICE, November 30, 1796. JOSEPH NOURSE, Register.

1796


B. Statement of the application of moneys drawn from the appropriations made by the acts of the 8th May, 1792, and

3d March, 1795, for the reduction of the 6 per cent stocky bearing a present interest

Moneys drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the 8th May, 1792, for interest on the stock transferred to the United States, according to Auditor's statement, No. 7847, dated 21st April, 1796, - $94,261 93

Moneys drawn from the proceeds of duties on imports and tonnage, and on stills, and spirits dis-tilled in the United States, pursuant to act of 3d March, 1795, - - - - - 449,804 61

Total amount applied in the payment ofthe first year's reimbursement of the 6 per cent stock, 7 r , bearing a present interest, 3 »044,ubt> a* TREASURY DEPARTMENT, JRegister's Office, November 30, 1796.

JOSEPH NOURSE, Register.

The Commissioners of the Sinking Fund respectfully report to Congress as follows: That, in pursuance ofthe powers committed to them by the act, entitled u An act making provision for the pay-

ment of certain debts of the United States," passed in the last session of Congress, they have authorized sales of a part of the capital stock of the Bank of the United States, belonging to the United States, the proceeds of which have been applied to discharge certain debts, according to law.

The particulars and amount of the said sales, and the measures authorized by the Board, for the execution of their trust, so far as the same have been completed, are represented in the report or the Secretary of the Treasury, dated the 24th instant, and in the proceedings of the accounting officers therein referred to, which are herewith trans-mitted, and prayed to be received as part of this report.

JOHN ADAMS, on behalf of the Board• January 25th, 1797.

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund: That, in pursuance of the act, entitled " An act making provision for the payment of certain debts of the United

States," passed on the 31st day of May, 1796, and a resolution of the Board, passed on the 5th day of August last, he has caused two thousand one hundred and sixty shares of the capital stock of the Bank of the United States, be-longing to the United States, to be sold, on a credit of sixty days, without interest, at the rate of five hundred dol-lars, or twenty-five per centum advance on the original capital.

The proceeds of the said sales, amounting to one million and eighty thousand dollars, have been received and placed in the treasury of the United States, as appears by the. accounting officers of the treasury, herewith trans-mitted, shewing the dates and particulars of the said sales.

As the proceeds ofthe said sales were destined to reimburse a part ofthe debt due to the Bank of the United States, it was agreed with the bank that the moneys should be applied to the credit of the United States from the dates of the respective payments.

In addition to the proceeds of the said bank stock, the Secretaiy has obtained the sum of one hundred and twenty thousand dollars, on the credit of the six per cent, stock, authorized to be constituted by the act before mentioned, and has, moreover, taken eventual measures for reimbursing the debt due to the Bank of New York, When these measures shall have been executed and adjusted, they will be reported to the Board.

The fund of twelve hundred thousand dollars, obtained as above mentioned, has been applied to discharge the following debts due to the Bank ofthe United States, viz: To the payment of the instalments due on a loan of 400,000 dollars, obtained pursuant to the act,

entitled " An act for raising a further sum of money for the protection of the frontiers, and for other purposes," passed on the 2d day of May, 1792, - - - - - $300,000 00

To the payment of part of an instalment of a loan, obtained pursuant to an act authorizing a loan of two millions, passed on the 18th of December, 1794, - 300,000 00

To the payment of two instalments of the subscription loan for bank stock due on the last days of December, 1795, and 1796, - 400,000 00

To the payment of the first instalment ofthe loan of 800,000 dollars, obtained pursuant to an act passed on the 21st of February, 1795, - - - - - - - - 200,000 00

Amounting, as above mentioned, to $1,200,000 00

All which is respectfully submitted by OLIVER WOLCOTT, Jr. Secretary of the Treasury.

TREASURY DEPARTMENT, January 24th, 1797.

No. 8,513. TREASURY DEPARTMENT, Auditor's Office, January 5, 1797.

I have examined an account between the United States and the President, Directors, and Company, of the Bank ofthe United States, agents for the sale of bank stock, and find that they stand chargeable on said account as follows, viz: To proceeds of two thousand one hundred and sixty shares of the capital stock of said bank, belonging to the United

States, sold pursuant to instructions from the Secretary of the Treasury, founded on "An act making provision for the payments of certain debts of the United States," passed on the 31st May, 1796, amounting, per statement and account sales herewith, to - - - - - - - - $1,080,000

I also find that the said President, Directors, and Company, are entitled to the following credit on said account: By warrants, in favor of the Treasurer, for amount, of warrant No. 206, on them, dated December 31, 1796,

for - $1,080,000

The statement and vouchers, on which this report is founded, are herewith transmitted, for the decision of the Comptroller of the Treasury thereon.

IL H A R R I S O N , Auditor,. To JOHN STEELE, Esq. Comptroller qf the Treasury.

1796

463 FINANCE. [1796.

TREASURY DEPARTMENT, Comptroller's Office, January 7, 1797.

Admitted and certified. J N O . S T E E L E , Comptroller.

T o the REGISTER,.

TREASURY DEPARTMENT, Register's Office, January 13, 1797. I certify that the foregoing is a true copy of the original on file in this office.

J O S E P H N O U R S E , Register.

n C The President, Directors,and Company, ofthe Bank of the United States, agents for the sale ofTc, i bank stock, in account with the United States. 5 *

For this sum, being the nett proceeds of two thousand one hundred and sixty shares of the capital stock of the said bank, belonging to the United States, sold pursuant to instructions from the Secretary of the Treasury, at five hundred dollars a share, per ac-count of sales herewith, - - - $1,080,000

By Treasury warrants for amount of the following, drawn on them in favor ofthe Treasurer, viz:

No. 206, dated December 31, 1796, for -$1,080,000

AUDITOR'S OFFICE, January 4, 1797. P. FERRALL.

COMPTROLLER'S OFFICE, January 6, 1797.

Examined. ANDREW ROSS.

TREASURY DEPARTMENT, Register's Office, January 13, 1797. I certify that the above is a true copy of the original on file in this office.


No. 1. JL particular account of the sales of two thousand one hundred and sixty shares in the Bank of the United States,

(being apart of five thousand shares subscribed to the said bank by^ the United States, under the act of incor-poration, dated the 25fh February, 1791,) and which the Commissioners of the Sinking Fund sold under the authorities contained in the act making provision for the payments of certain debts of the United States, passed on the 31 st May, 1796.

Date of sale.

1796 Aug. 16

u a,

18.

19,

u 66

66

a 6<

66 66

66

20.

T o whom sold.

Willings & Francis, Do. Do. Do. Do. Do.

John Yaughan,

Willings & Francis, Do.

John Travis,

John Miller, J.&Co

Henry Clymer, Sharp Delany, James S. Cox,

Do. Willings & Francis,

Do. Do.

.Do. John Sitgreaves,

Do. Do.

Bickham & Reese, Garret Cottringer, B. Bohlen, John Ashley, Philips, C. & Co. Benjamin Chew, jr.

Do. P. Nicklin & Co.

Do. Fr's& John West,

Drawer of Note.

Harrison & Sterett, Do. <

Clarkson & Forest, Henry @lymer, Samuel Clarkson, William Cramond,

John Yaughan,

Jos. Anthony, Willings & Francis, John Travis, John Vaughan, John Miller, J.&Co

Do. Do. Do.

Thomas W. Francis, Sharp Delany, James S. Cox,

Do. Willings & Francis,

Do. Do. Do.

John Sitgreaves,

Do.* Bickham & Reese, Garret Cottringer, Cash, -John Ashley, Philips C. & Co. Benjamin Chew, jr.

Do. P. Nicklin & Co.

Do. Fr's& John West,

Endorser.

Willings & Francis, G. Cottringer, and Willings & Francis, Willings & Francis,

Do. Do. Do.

Robert Smith, James Yard, Odier, B. & B. William Bell, Fr's & John West, Willings & Francis, Harrison & Sterrett, Philips, C. & Co. John Miller, J.&Co. John E. Stocker, John Phillips, N. & J. Frazier, Odier, B. & B. Henry Clymer, John Donaldson, John Sitgreaves, William Sitgreaves, Tench Francis, George McCall, R<iss & Simpson, Th's McEuen & Co. William Sitgreaves,

Do. James S. Cox, William Bell, Thomas McEuen,

Philips, C. & Co. John Ashley, P. Nicklin, & Co.,

Do. Benjamin Chew, jr.

Do. I Conyngham & Co. I

When due.

1796.

Amount.

Oct. 14. $10,000

1 14- 10,000

14. 5,000 14. 5,000 14. 10,000 15. 10,000 15. 5,000 15. 5,000 15. 5,000 15. 5,000 15. 5,000 7. 4,000

15. 21,000 17. 10,000 18. 10,000 18. 12,500 18. 12,500 18. 7,500 18. 7,500 18. 10,000 18. 15,000 18. 5,000 18. 5,000 1'8. 7,500 18. 10,000 18. 15,000 18. 10,000 18. 1,500 18. 1,000 18. 2,500 18. 10,000 18. 3,000

- - - 1,500 19. 25,000 19. 25,000 19. 5,000 19. 5,000 19. 7,500 19. 7,500 19. 12,500

Shares,

No. of shares.

>100

50

50

20

J>100

30

20

85

10

20 6 3

50 50

• 2 0

- 30

25

689

Place of residence.

Philadelp'a

66

66

6i

<6

1796


No. 2.

A PARTICULAR ACCOUNT, &c.—Continued.

Bate of To whom sold. Drawer of note. Endorser. When Amount. No. of Place of sale. due. shares. residence.

1796. 1796. Aug. 22. William Spooner, William Spooner, John Carnes,

Arnold Welles, Oct. 21. §5,000 10 Boston.

John Welles, John Welles, John Carnes, Arnold Welles, 21. 5,000 10 a

a Arnold Welles, Arnold Welles, John Welles, 21. 10,000 20 66

23. Henry Clymer, Do. George McCall.

w 22. 22.

10,000 5,000 ^ 30 Philadelp'a.

66 Jos. Anthony & Co. Jos. Anthony, jr. Jos. Anthony & Co. 21. 5,000 } » 46 Do. Clark & Nightengale, Do. 20. 2,000 } »

a Clement Biddle, Clement Biddle, Reed & Ford, 21. 6,000 12 46 <« Thomas Combe, John Shields, Henry Howell, 21. 500 1 46 a T. McEuen & Co. T. McEuen & Co T. W. Francis, 22. 7,500 15 4( u William Russell, William Russell, George Roberts, 22. 12,500 ^ 50 a

Do. Do. S. M. Fox, 22. 12,500 ^ 50 u James &. W. Miller, James & W. Miller, John Donaldson, 22. 5,000 10

Conyngham, N. &C. Gonyngham,N. &C. F. &J. West, 22. 2,500 5 46

F. & J. West, John Latimer & Son, Do. 21. 2,500 } Do. Conyngham, N. &C. Do. 22. 5,000 £ 25 66

Do. John Donaldson, J.&W. Miller, 22. 5,000 5 , a Andrew Service, Peter Blighty Andrew Service, 22. 865 14

Do. Andrew Service, EJ. Walker, 22. 2,000 i 10 66

Do. Do. J. G. Roch, 22.; 2,134 86 5 William Nichols, Henry Poland,

John Lawrence, William Nichols, 21. 1,000 2 New York.

John Lawrence, Henry Poland, John Lawrence, Robert Troup, 22. 5,000 10 a

46 Louis Simond &Co. L. Simond & Co. Samuel Carp, 22. 5,000 10 66

John Sullivan, Cash, - _ - 1,000 2 it

M. Clarkson, S. & L. Clarkson, LeRoy,B.&McE>s, LeRoy,B.&McE's. M. Clarkson, S. & L. Clarkson, y 22. 130,000 260 a LeRoy,B.&McE>s, LeRoy,B.&McE's. Van Horne & Co. s 130,000

Jon. Burrall, Jon. Burrall, Henry Ten Broek,

A. Hammond, 22. 4,000 8 a

Ten Broek & Co. Jon. Burrall, Henry Ten Broek, John Turner, 22. 5,000 10 a Jon. Burrall, Henry Ten Broek,

James C. & C. 22. 10,000

Waddington & H.

J. Ilazlehurst&Son,

Jacob Downing, Pragers & Co.

22. 10,000 1 Waddington & H. Waddington & H.

J. Ilazlehurst&Son,

Jacob Downing, Pragers & Co. 22. 10,000 yioo Philadelp'a. Waddington & H. Waddington & H.

J. Ilazlehurst&Son,

Peter Blight, John Skynn, W. W. Burrous,

22. 22. 21.

10,000 10,000 2,500

f j Philadelp'a.

W. W. Burrous, Joseph Clark, Peter Blight,

Do. Do.

21. 21.

2,500 5,000

£ 20 41

John Traves, John Traves, Philips, C. &Co. 22. 5,000 10 66

Willings & Francis, Willings & Francis, George Willing, 22. 7,500 15 66.

Harrison & Sterrett, Harrison & Sterett, Ketlands & Wests, 22. 12,500 ^ 50 66 Do. Do. James Yard, ^2. 12,500 ^ 50

Shares, 709 *

>

60 F

1796

S470 F I N A N C E . [1796.

No. 3, A PARTICULAR ACCOUNT, &c.—Continued.

Date of To whom sold. Drawer of note. *

Endorser. When Amount. No. of Place of sale.

To whom sold. due. shares. residence.

1796. Aug. S3,

tt Wilson Hunt,

Do.

\

Wilson Hunt, \ Do.

John Field & Son, A. Summers & P. H.

Oct. 19. 19.

$4,000 2,000 } » Philadelp'a.

66 A. Summers, jr. A. Sutmners, jr. Wilson Hunt, 19. 6,000 12 66

tt James Yard, James Yard, Henry Phillips, 21. 12;500 ^ 50 66

tt Do. Do. Simon Walker, 21. 12,500 ^ 50

tt Henry Phillips, Henry Phillips* P. Nicklin & Co. 19. 15,000 | 50 66

Do. Do. Simon Walker, 19. 10,000 | 50 66 Simon Walker,. Simon Walker, Henry Phillips, 19. 10,000 20 66

R. & A. Dawes, Thomas Greeves, R. & A. Dawes, 23. 1,450 1 3 66

Do. Isaac Harvey, jr. Do. 23. 50 3 * 25. Pragers & Co. Pragers & Co. Peter Blight, 24. 6,500 ^ 25

Do. Do. Waddington & H. 24. 6,000 ^ 25

C R. Gernon, 24. 2,500 ;) 66 66 John Vaughan, John Yaughan, < P. Nicklin & Co. 24. 5,000 £ 25 66 John Vaughan, John Yaughan, <

Conyngham, N.&Co. 24. 5,000 J 66 John Parker** John Parker, Peter R. Dalton, 24. 5,000 10 Boston. 66 Peter R. Dalton, P. R. Dalton, John Parker, 24. 5,000 10 66

C6 Arnold Welles, Cash, - - - - - 12,500 25 66

66 Samuel A. Otis, Cash, - . - - - - 2,000 4 66

66 Do. S. A. Otis, Harrison G* Otis, 24. 8,000 16 <»

66 Thomas Perkins, Thomas Perkins, John Welles, 24. 5,000 10 66

ft Jos. Coolidge, Jos. Coolidge, Samuel Parkman, 24. 10,000 20 66

26. 66

' Jos. Anthony, Do.

Jos. Anthony, Mason & T.

Jos. Anthony, jr. Jos. Anthony,

25. 22.

2,000 6,000 I »

Philadelp'a. 6t WilliamMcPherson, William McPherson, S. Delany,

T. & P. Mackee, 22. 500 1 &c

66 B. Holland, B. Holland, S. Delany, T. & P. Mackee, 24. 3,000 } » 66

Do. Do. A. Service, 24. 2,000 } » 66 66 A. Butler, A. Butler, John Ross, 25. 4,500 9 66

27. Do. Jon. Meredith, A. Butler, 26. 3,500 7 66

29. Mungo Mackey, M. Mackey, P. R. Dalton, 28. 6,000 12 66

66 S. Higginson & Co. James Swan, S. Higginson & Co. 28. 20,000 40 tt

30. . T. McEuen & Co. T. McEuen & Co. Harrison & Sterett, 29. 2,500 5 New York. 66 Renard Hart, B. Hart, Isaac Moses, 29. 5,000 10 66

31, . J.Hazlehurst&Son, Jacob Baker, J. Hazlehurst&Son, 30, 2,000 66

66 Do. Do.

William Bell, L. Hollingsworth &

Son,

Do.

Do.

30.

30,

2,000

2,000

Philadelp'a.

Shares, 414

No. 4. A PARTICULAR ACCOUNT, &c.—Continued.

Date of sale.

1796. Sep. %

a u

6.

13. tc u

20 >6

22.

30 <t u tc a tt

To whom sold.

Wm. McPherson, Henry Poland, Meeker, C. & Co. B. Winthrope, W . Laight, John Lawrence, R. Harrison, W. McPherson, Samuel Blodget, Nicholas Low, Samuel Ward, N. & J. Frazier,

George Willing, John Savage, John Yaughan, A. Markoe, J. Whiteside & Co. Thomas Willing,

Drawer of note.

W. McPherson, Hamilton & Son, Meeker, C.& Co. B. Winthrope, W. Laight, J. Lawrence, R, Harrison, W. McPherson, Samuel'Blodget, N. Lpw, Saipdel Ward, N. & J. Frazier,

George Willing, JtyinSavage, John Yaughan, For cash, P. & H. Miercken, Thomas Willing,

No. 1, amount of shares, 2, ditto, 3, ditto, 4, ditto,

Shares,

Endorser.

James Crawford, Henry Poland, A. Dubois, H. &S. Johnson, Thomas Ludlow, Th. Levingston, A. Hammond, Sharp Delany, E. C. Hazard, John Shaw, W. Constable&Co. J. Miller, J. & Co. &

McClure & Co. R. Blackwell, JohnAUen? William Bingham,

J. Whiteside & Co. Will Liam Bingham,

When due.

Oct. 28. 31.

Nov. 1. 5. 5. 5.

12, 18, 18. 19 19

21. 29. 29. 29,

29. 29.

Amount.

$1,000 1,000 5,000 7,500

12,500 5,000 7,500 1,000 5,000

10,000 52,500

5,000 4,500 4,000 1,000

50,000 1,000

500

Shares, 689 709 414 348

2160 at $500, $1,080,000

No. of shares.

Place of residence.

2 2

10 15 25 10 15 2

10 20

105

10 9 8 2

100 2 1

Philadelp'a.

New York, tt

66

Philadelp'a.

New York. u

Philadelp'a.

tt tt> tt

348

E . E . G . S I M P S O N , Cashier.

TREASURY DEPARTMENT, REGISTER'S OFFICE, January 13, 1797. I certify that the foregoing particular account of sales, &c. is a true copy of the original on file in tins office.

J O S E P H N O U R S E , Register.

1796


4th CONGRESS.] , < H 4 [2d SESSION.

- DUT IES A N D DRAWBACKS .

„ COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, FEBRUARY 24, 1797.

Mr. HARPER, from the Committee to whom were referred the following resolutions, viz: " Resolved, that the Secretaiy of the Treasury be directed to lay before Congress, annually, until the year one

thousand seven hundred and ninety-eight, a statement of the amount of duties and drawbacks for each year, from 1792, inclusive; and, after tne year one thousand seven hundred and ninety-eight, similar annual statements, each to include, respectively, the six years immediately preceding the year in which it is made."

" Resolved, That, in the statements required by the foregoing resolution, the amount of duties and drawbacks, after the present year, on each of tlie enumerated articles, paying a rate of duty ad valorem, and also, on woollens, shall be separately stated; that woollens shall be distinguished into three classes; and that the said amount, on all unenumerated articles paying such a rate of duty, (woollens excepted) shall be comprised in one item, containing, however, an enumeration of the articles of which that item may be composed:"

Made the following report: That the second of the said resolutions, if carried into effect, would be attended with considerable expense;

and might also be liable to difficulty and embarrassment, in keeping'the accounts in the custom house books. It is also probable, that, by the new cl assification of dutiable articles, contemplated by former resolutions of this House, and a report which is now preparing at the treasury, the objects of this resolution may be more conveniently obtained; they therefore are of opinion that it would be inexpedient to adopt the said resolution at present.

As to the. first resolution referred to the committee, they conceive that it is proper in itself, but ought not to be extended to so great a number of years. A series of three years will, in their opinion, answer eveiy valuable purpose. They do not think it advisable to include the year 1792, because the duties have been so much altered, since that time, tliat no very certain inference can be drawn from their amount then, as to the present or future operation ofthe revenue laws.

They therefore recommend that the said first resolution be altered so as to read as follows, and then be adopt-ed, namely:

Resolved, That the Secretary of the Treasury be directed to lay before Congress, annually, a statement of the amount of duties and drawbacks on the several articles imported into the United States, ana re-exported there-from, each to include the three years, respectively, immediately preceding that year in which it shall he made.

4th CONGRESS.] N Q , 1 1 5 . { 2 d SESSION.

REMISSION OF T O N N A G E DUTIES .

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, MARCH 1, 1797.

Mr. SWANWICK, from the Committee on Commerce and Manufactures, to whom was refered the petition of James O'Brien and James Aylward, made the following report:

That the petitioners, with their families, in two small schooners, fled from Newfoundland, in October last, on the occasion of tlie attack of that island by the French, and, under conduct of a vessel belonging to Plymouth, took refuge in that port, in November last, in circumstances of extreme poverty and distress: and having no ability .to discharge the duties of foreign tonnage, required by law, but by a sale of their vessels, which, under that disability, are of little value "svithin tlie United btates; wherefore, the committee recommend,.

That provision be made by law, to remit to James O'Brien and James. Aylward ? distressed mariners, who took refuge in the ijort of Plymouth, in November last, the duties of tonnage due upon their vessels, namely: the schooner Endeavour, of the burthen of thirty-eight tons; and the schooner Fish Hawk, ofthe burthen of fifty-two tons.


SINKING FUND.

COMMUNICATED TO THE SENATE, DECEMBER 4, 1797.

The Commissioners of the Sinking Fund respectfully report to Congress as follows: That tlie measures which have been authorized by tlie Board, subsequent to their last reports, of the 16th of

December. 1796, and 25th of January, 1797, so far as the same have been completed, are fully detailed in the report ofthe Secretary of tlie Treasury to this Board, dated the 30th of November, 1797, and in tneproceedings of the accounting officers therein referred to, which are herewith transmitted, and prayed to be received as part of this report

On behalf of the Board. JACOB READ, President ofthe Senate, pro tempore.

December 4th, 1797.

1797

S498 FINANCE. [1796.

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund: That no purchases of the debt of the United States have been made, since the date of the last report to Congress,

on the sixteenth day of December, one thousand seven hundred andninety-six: and that the sums heretofore pur-chased amount to two millions three hundred and seven thousand six hundred and sixty-one dollars and seventy-one( cents, for which there have been paid, in specie, the sum of one million six hundred and eighteen thousand nine hundred and thirty-six dollars and four cents, as will more particularly appear from the document hereto annexed, marked A. .

That, exclusive of certain reimbursements to the Bank of the. United States, which were reported to Congress on the 25th day of January, one thousand seven hundred and ninety-seven, the following sums nave been applied towards the discharge of the principal debt of the United Stated, during the present year:

1st. To the second instalment of the six per cent, stock, bearing a present interest, which, pursuant to the act, entitled " An act making further provision for the support of public credit, and for the redemption of the public debt," passed on the third day of March, one thousand seven hundred and ninety-five, and the act in addition thereto, passed on the twenty-eighth day of April, one thousand seven hundred and ninety-six, became payable on the first day of January, one thousand seven hundred and niriety-seven, the sum of - . - $641,674 76 2d. To the payment of a loan, obtained of the Bank of New York, pursuant to the act, entitled

" An act making provison for the payment of certain debts 9f the United States," passed on the thirty-first day of May, one thousand seven hundred and ninety-six, - - - - 320,000 00

3d. To the paj ment of part of a loan obtained of the Bank of the "United States, pursuant to an act, entitled " An act making furtherappropriations forthe military and naval establish-ihents, and for the support of Government," passed on the third day of March, one thousand seven hundred and ninety-five, - - - - - - - - - 260,000 00

4th. To the payment of part of a loan had of the Bank of the, United States, pursuant to an act* entitled An act authorizing'a loan of two millions of dollars," passed on the eighteenth day of December, one thousand seven hundred and ninety-four, - - - - 300,000 00

5th. To the payment of premiums which fall due in the present year, on the loan of two millions of guilders, obtained in Holland on the ninth day of March, one thousand seven hundred and eighty-four, being two hundred thousand guilders, estimated at forty cents per guilder, - 80,000 00

6th. To the payment of the instalment of one million of guilders in Holland, which fell due the present year, pursuant to a contract, dated June the eleventh, one thousand seven hundred and eighty-two, estimated at forty cents per guilder, - - - - - - - 400,000 00

Amounting, in the whole, to - $2,001,674 76

The Secretary has not yet received official information that the instalment last mentioned has been actually discharged, but he considers the fact as certain, as it is known that sufficient remittances had reached Amsterdam, and that the commissioners had engaged that the reimbursement should be effected on the first day of September last!

The payments before enumerated have been made out of the following funds: 1st. The proceeds of six hundred and twenty shares of the capital stock of the Bank of the United States, be-

longing to the United States, which have been sold, in pursuance of the act, entitled " An act making provision tor the payment of certain debts of the United States," the proceeds of which have been placed in the treasury, as ap-peal's from the proceedings of the accounting officers, herewith transmitted, marked B, shelving the dates and par-ticulars of the said sales, - - - - - - - - $304,260 00 2d.; The proceeds of eighty thousand dollars of the six per cent, stock, authorized to be constituted

by the act before mentioned, which have been sold and placed in the treasury, as will appear by the proceedings of the accounting officers of the treasury, herewith transmitted, marked C, shewing the dates and particulars of the said sales, 70,000 00

3d. j The interest fund, or the sums which accrued upon the stock purchased and vested in the commissioners of the sinking fund, in trust for the United States, as particularly stated in the documents hereto annexed, marked D, - - - - - - - - 89,159 57

4til. The fund arising from the payment of debts, which originated prior to the present constitution of the United States, also particularly stated in the document marked D, 10,274 38

5th. The funds arising from established revenues, and appropriated for the reduction of the debts of the United States, being for the period, and in reference to the objects, contained in this report, - - - - - - - - - 1,527,980 81

Making, in the whole, a sum equal to the reimbursements befo.re mentioned, - - 82,001,674 76

The growing produce of the interest funds, the receipts for sales of lands in the Northwestern territory, to-gether with the sums received, and expected from established revenues, are estimated by the Secretary as sufficient for the reimbursement of two instalments of loans heretofore obtained of the Bank of the United States, which will fall due at the close of the present year, amounting to four hundred thousand dollars, and to the reimbursement of the third instalment of the six per cent, stock, bearing a present interest; a statement of the*amount and application of the said funds will be exhibited to the Board with the next report.

All which is most respectfully submitted, by OLIVER WOLCOTT, Secretary of the Treasury.

TREASURY DEPARTMENT^ November 30th, 1797.

1797

A. Statement of the Purchases of Public Stock by the Agents to the Trustees named in the Act for the Reduction of the Public Debt.

CO

Total amount of stock purchased by the agents to the trustees, as per report to the House of Representatives, dated 16th December, 1796, - - -

I do hereby certify, that the trustees named in the acts for the reduction of the public debt, have credit on the books of the several stocks at the treasury of the United States, for the sums above stated,in the several columns of six per cent., three per cent., ana deferred stock; and the amount thereof, being public debt, extinguished by their pur-chases, is two millions three hundred and seven thousand six hundred and sixty-one dollars ahd seventy-one cents, for which the sum of one million six hundred and eighteen thousand nine hundred and thirty-six dollars and four cents, in specie, was paid from the public treasury, from the following funds, viz: #

Surplus duties to the end ofthe year 1790, $957,770 65: amount purchased therewith, Loan of $2,000,000, - ' - 434,901 89: amount purchased therewith, Interest on stock purchased and redeemed, 226,263 50: amount purchased therewith,

$1,618,936 04

Six per cent stock.

$907,816 64

$439,016 12 353,604 95 115,195 57

$907,816 64


$511,860 63

$401,072 90 31,731 94 79,055 79

$511,860 63

Deferred stock.

$887,984 44

$631,786 86 137,588 66 118,608 92

$887,984 44

Amount of the several species

of stock.

$2,307,661 71 $1,618,936 04

1,471,875 88 522,925 55 312,860 28

2,307,661 71

Moneys expend-ed in purchasing

debt.

GG H-»

c{

a

TREASURY DEPARTMENT, REGISTER'S OFFICE, November 21, 1797. JOSEPH NOURSE, Register.

o CO

1797

S500 FINANCE. [1796.

B. No. 9,074.

TREASURY DEPARTMENT, Auditor's Office, July 20, 1797.

I have examined an account between the United States and the President, Directors, and Company, of the Bank of the United States, agents for the sale of bank stock, and find that they stand chargeable on said account as-follows, viz:

To proceeds of 620 shares of the capital stock of said bank, belonging to the United States, sold pursuant to instructions from the Secretary ofthe Treasuiy, founded on " A n act making pro-vision for the payment of certain debts ot the United States," passed on the 31st May, 1796, amounting, per statement and account sales herewith, to - $304,260 00

I also find that the said President, Directors, and Company, are entitled to the following credit, viz: By warrants in favor of the Treasurer, for amount of warrant No. 227, on them, dated June 30,1797, $304,260 00

The statement and vouchers, on which this report is founded, are herewith transmitted, for the decision of the Comptroller of the Treasury thereon.

R. HARRISON, Auditor. To JOHN STEELE, Esq., Comptroller of the Treasury.

Admitted and certified. TREASURY DEPARTMENT, COMPTROLLER'S OFFICE^ July 22, 1797.

To the Register. JOHN STEELE, Comptroller.

DR $ PresidmU Directors, and Company, of the Bank of the United States, Agents for the sale') P * c of Bank Stock, in account current with the United States. 5

To proceeds of 620 shares of the capi-tal stock of said bank, belonging to the United States, sold pursuant to instructions from the Secretary of the Treasury, founded on66 An act of Congress making provision for the payment of certain debts of the United States," passed on the 31st Miy, 1796, per account sales here-with, - - - - - - $304,260 00

By warrants in favor of the Treasurer, for amount of warrant No. 227, on them, dated June 30,1797, - $304,260 00

$304,260 00

AUDITOR'S OEFICE, July 20, 1797.

Stated by JOHN GIBSON.

COMPTROLLER'S OFFICE, July 21, 1797. Examined. ANDREW ROSS.

1797

JI particular account of the sales of six hundred and twenty shares in the Bank qf the United Slates, being a part qf Jive thousand shares subscribed to the said bank by the United States, under the act qf incorporation, dated the 25th February, 1791, and which the Commissioners of the Sinking Fund sold, under the authorities contained in the " Act making provision for the payment qf certain debts of the United States," passed the 31 st May, 1796.

N <LL»

Date of sale. To whom sold. Drawer of Note. Endorsers. When due. Amount* Number of shares.

Rate per cent. Place of residence.

1797. April 11,

15, 18,

19, 20, 21, 24,

25,

26, 28,

Samuel Sterett, Ditto, -Ditto, -Ditto, -Ditto, -

William Bingham, Willings anuFrancis, Henry Kuhl, T. Willing. Joseph Anthony,

Ditto, -David Jackson, John Colesy John Vaughan, John Steinmetz, Comfort Sands, John Miller, Jr. & Co. John Vaughan,

Charles Baring, Jr. John Ashley, -Geo. Harrison, T , and J. Kfetland, - -Philips Crammond and Co. John Donnaldson, -Henry Philips, John Travis, Samuel Ward, John Atkinson, H. and S. Johnson and Co.

Samuel Sterett, * Ditto, -

John Learny, Francis and John West,

Ditto, -William Crammond, Willings and Francis, Henry Kuhl. Thomas Willing, -Joseph Anthony, Joseph Anthony, Jr. David Jackson, Wm, Crammond, -John Vaughan, John Steinmetz, Comfort Sands, John Miller, Jr. and Co. -John Vaughan,

Charles Baling, Jr. John Ashley, G. Harrison, T . and J. Ketland, Philips Crammond and Co, J. Donnaldson, Henry Philips, John Travis, S. Ward, -John Atkinson, H. and S. Johnson and Co.

T . and J. Ketland, andjGeo. Harrison, Willings and Francis, and George Harrison, -Jas. Crawford and Co.* and W.Knox and Co. N. and J. Frazier, and C. Nesbitt and Co. -John Donnaldson, and C< Nesbitt and Co. Willings and Francis? and W . Bingham,

Bingham ana lieo. Willing, Robert Smith and A. C. Dawes, Brown and Ives, and J. Anthony and Co. H. and S. Johnson, and C. and Robert Smith, L. de Noailles and J. Coles. -John Miller, Jr. and W . Bell, J. Steinmetz, Jr. Jos. Ball, & AdamZantzinger, H. & S. Johnson .& Co. and J. C. Clason&Co. Robert Smith and Co. and J. C. Stocker, Samuel Sterett, Ross, and Simpson, - J> S. Delany and Geo. Latimer, - 5 John Ashley; and Peter -Blight, Charles Baring, Jr., and P. Blight, -W.Read&Co.J.W.Francis&Ross&Simpson, Simon Walker and John Ashley, John Travis, and Willings and Francis, Edward Milnor and James Crawford, P. Nicklin and Co., J. Waddington, * P. Crammond & Co. and Rob't Smith & Co. -W. Constable and J. Shaw, -H. and S. Johnson and Co. -John Atkinson, * -

1797. June 10, ' 10,

10, 13, 13, 12, 12, n , 13, 13, 13, 14, 17, 17, 17, 18, 19,

-20, 23, 23, 23, 20, 24, 24, 24, 24, 25, 27, 27,

u

(t U t( tt U u u it a a a u

it

.( a a 46

a u ti u a

$8,160"*| 8,160

15,840 y 7,6 80 8,160J

14,400 60,000 4,800 7,680

3807 2,5003 5,000

12,500 5,000

10,000 12,500 7,500 5,000

10,000 10,000 10,000 10,000 10,000 1,500

10,000 10,000 25,000 6,500 6,000

100

30 125

10 16

10 25 10 20 25 15 10 20 20 20 20 20 3

20 20 50 13 12

at 20 per cent, advance.

do. do. do. do. do.

do. do. do. do. do.

$304,260 620

at 25 per cent. Ditto. Ditto. Ditto. Ditto-Ditto. Ditto.

* Ditto. Ditto, Ditto. Ditto. Ditto. Ditto. Ditto. Ditto. Ditto. Ditto. \ Ditto. 5

New York.

New York.

CO H-t

W H-t

o **

d 12! o

287 shares, at 480 dollars, is 333 shares, at 500 dollars, is

620

$137,760 166,500

$304,260

£• E* G. SIMPSON, Cashier.

Examined. J. G,

TREASURY DEPARTMENT, Register's Office, November 21, 1797. I certify that the foregoing statement No. 9,074, dated in the Auditor's Office the 20th July, 1797, and admitted and certified by the Comptroller of the Treasury, the 22d following, together with

a particular statement of the sales of 620 shares in the Bank of the United States, are true copies of the original documents filed on record in this office. JOSEPH NOURSE, Register.

Ox O

1797

502 FINANCE. imr

C. No. 0,313. TREASURY DEPARTMENT, Auditor's Office, November 29, 1797.

I have examined and adjusted an account between the United States and thePresident, Directors, and Com-pany of the Bank of New York, agents for the sale of six per cent, stock, and find tha^they stand chargeable on said account: To proceeds of 80,000 dollars of said stock, sold pursuant to instructions from the Secretary of the Treasury, founded

on "An act; making provision for the payment of certain debts of the United States, ""passed on the 31st.May, 1796, amounting, per statement and account sales herewith, to dollars - 70,000

I also find that the said President, Directors, and Company, are entitled to the following credit on said account: By warrants in favor of the Treasurer for amount of warrant No. 2, on them, dated November 14, 1797. $70,000

The statement and cancelled warrant, on which thik report is founded, are herewith transmitted, for the decision of the Comptroller ofthe Treasury thereon. 4

P. FERRALL, Principal Clerk. To JOHN STEELE, Esq, Comptroller of the Treasury. ,

TREASURY DEPARTMENT, Comptroller's Office, November 30,1797.

Admitted and certified. JOHN STEELE, Comptroller. To the Register.

C The President, Directors, and Company of the Bank of New York, agents for the sale of six per cent. Cp C stocky in account with the United States. t

To proceeds of 80,000 dollars of said stock, sold pursuant to instructions from the Secretary of the Treasury, founded on an act making pro-vision for the payment of certain debts of the United States, passed on the 31st. May^ 1796, amounting, per account sales herewith, to $70,000

By warrants in favor of the Treasurer, for amount of warrant No. 2, on them, dated November 14, 1797, for

$70,000

AUDITOR'S OFFICE, November 29, 1797. P. FERRALL.

COMPTROLLER'S OFFICE, 29th November, 1797. Examined. J. REDDALL.

Account of sales of Six per cent Stock. made by the Bank of New York, for acc&unt of the United States»

1797. March. 1. Eighty thousand dollars of six jper cent, stock, sold this day to the New York Insurance

Company, at seventeen shillingsand six pence in the pound, one half payable in cash, the other half in sixty days, - $70,000

BANK OF N E W YORK, March, 1797. CHAS. WILKES, Cashier.

TREASURY DEPARTMENT, Register's Office, November 30, 1797.

I certify that the foregoing treasuiy statements, No. 9,313, and account sales of 6 per cent stock, fcare true copies of the originals, on "file in this office.

JOSEPH NOURSE, Register. D.

Statement of moneys arising from interest on stock transferred to the United States, being the amount drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act^ of the 8 th May, 1792, and agreeably to a statement made at the treasury, No. 8,512, dated January 4, 1797, viz:

March 31, 1796, June 30, 1796, September 30, 1796, December 31, 1796,

Eighty nine thousand one hundred fifty-nine dollars and fifty seven cents. TREASURY DEPARTMENT, Register's Office, November 21, 1797.

$22,122 35 22,134 16 22,769 12 22,133 94

9,159 57


Statement qf moneys arising from the payment of debt which originated prior to the present constitution, being the amount drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the Zd March, 1795, ana agreeably to a statement made at the treasury, No. 8,512, dated January 4, 1797, viz:

From Messrs. Furman and Hunt, for balance of their account in the quartermaster gene-ral's department, - - - - - - - - $ 5 94

From Robert Townsend Hoe, for damaged tobacco, sold by the commissioner of loans, in the State of Virginia, on public account, - - - - 37 44

From Edward Carrington, late deputy quartermaster general, received by him for public property sold, - - - - - - - 1,846 85

From ditto, for so much received by him from the estate of George Webb, late receiver of taxes in the State of Virginia, ' - - - - - 1,330 62

From James Lovell, late receiver of continental taxes for the State'of Massachusetts, being the balance due by him, - - - - - 1,999 79

From Edward Carrington,,late deputy quartermaster general, received by him in part of a balance due by Erasmus Gill and company, - - - - - 375

From ditto, received by him for public property sold, - 629 34

1797

17970 MINT. 503

From Rufus King, administrator to the estate of John Alsop, deceased, on account of sundry balances due by said Alsop, and others, - - , - - 2,871 15

From the estate of Thomas Huggins, deceased, in part of a balance found due by him, as late assistant commissary ofpurcnases in Maryland, - - - - 1,178 25

$10*374 38

Tea thousand two hundred seventy-four dollars and thirty-eight cents.

TREASURY DEPARTMENT, Registers Office, November 21, 1797. JOSEPH NOURSE, Register,


1 F O R E I G N COIJ^S. COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 11, 1797.

Mr, VENABLE, from the Committee to whom it was referred to inquire whether any, and what, alterations were necessary in the law, entitled " An act regulating foreign coins, and for other purposes," made the following report:

That it appears, from the best information they can obtain* that very# little of the silver coin of the United States has circulated at any considerable distance from the mint, especially iri the interior parts of the country.

That, by the operation of the law, which provided that, at the expiration of three years after the coinage of gold and silver should commence at the mint, all foreign silver coins, except Spanish milled dollars, and the parts of such dollars, should cease to be a legal tender, considerable embarrassments have been produced, and many losses sus-tained, as a very considerable quantity- 01 foreign silver coins, other than Spanish milled dollars, and the parts of such dollars, was, at that time, in circulation, i #

Your committee also find, that, by the operation of the said act, all foreign gold coins will cease to be a legal ten-der, after the thirty-first day of July next j that a great quantity of it is now in circulation* and must necessarily con-tinue so, until that period arrives, as it will be scarcely possible for the mint, on its present establishment, to coin a sufficient quantity to replace it.

Your committee are, therefore, of opinion, that provision ought to he made by law, authorizing and requiring the collectors of the revenue to receive, in discharge of all demands of the United States, foreign silver coins, other than Spanish milled dollars, and the parts of such dollars, at the rates, and under the regulations, by which they were receivable before the fifteenth day of October last; that this regulation should continue for two years, and until the end of the next session of Congress thereafter; ana that so much of the said act, as relates to the circulation of for-eign gold coins, be suspended for the, like time.

[CIRCULAR. ]

To the Collectors of the Customs and Supervisors of the Revenue.

TREASURY DEPARTMENT, November 28th 1797. SIR:

In consequence of the proclamation of the President of the United States, of the 22d of July, 1797, founded on the act of Congress, passed on the ninth day of February, 1793, entitled "An act regulating foreign coins, and for other purposes," all foreign silver coins, except Spanish milled dollars, and parts of such dollars, ceased to be a legal tender tor the payment of any debts or demands, after the fifteenth day of October last

The President and Directors of the Bank of the United States having, however, manifested their consent to re-ceive French crowns, and other foreign silver coins, at the rates at which the same were current, and a legal tender, prior to the time mentioned in the President's proclamation, it has been deemed advisable to permit the said foreign coins to be received in payment of the revenues of the United States, on the terms and conditions prescribed in the act of Congress of February 9th, 1793, before mentioned. # # v

To obviate inconveniences which may attend the negotiation of treasuiy drafts, the supervisors and collectors are, however, requested to specify, in their weekly returns to this Department, the sums which may, from time to time, remain in tneir possession, of foreign silver coins, which are not, by law, a tender in payment of debts; they are also requested to give information whether the said coins are, or are not, current, by common consent, to the end that such measures may; be adopted, for the collection of the revenue, as circumstances shall be found to require.

I am, with consideration, sir, your obedient servant.

5th CONGRESS.] N O . 4 1 8 * [2d SESSION.

M I N T ,

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, DECEMBER 19, 1797.

The Director of the Mint, in obedience to the order of the House of Representatives of the United States of yester-day, begs leave to report:

The enclosed statements, Nos. 1, 2, 3, and 4, being those required by said order? it is thought prudent to take into the mint no more bullion than may be acted upon m one mass or deposite, when it comes from any of the banks of this city, from whence it can be had in a very short time, when wanted. It is for this reason that other de-positee which are ready to be made by the Bank of the United States, have not been lodged in the mint, but are waiting the completion of the coinage now in hand. The expected deposites from* different banks in this city and New York, as far as the Director has been informed, may amount to above three hundred thousand dollars m French crowns. These are expected to be received into the mint by limited deposites, as fast as the prior ones are paid off. When there is a sufficient quantity of bullion to keep one press striking, this will be at the rate of about eighteen or twenty thousand dollars per week. The gold coinage increases in amount in proportion to its additional value.

E L I A S B O U D I N O T , Director.

MINT OF THE UNITED STATES, 1 Oth December\ 1797.

JCP It should be remembered that the mint was shut up during the prevalence of the yellow fever in the city.

1797



S I N K I N G F*UND.

COMMUNICATED TO THE SENATE, DECEMBER 17, 1798.

The Commissioners of the Sinking Fund respectfully report to Congress as follows:

That the measures which have been authorized by the Board, subsequent to their report of the 4th of December, 1797, so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury to this Board, dated the 12th of December, 1798, and in the proceedings of the accounting officers therein referred to, which are herewith transmitted, and prayed to be received as part ot this report.

JOHN LAURANCE, President of the Senate pro. tem. December 15th, 1798. ,

on

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund-

That no purchases of the debt of the United States have been made since the date of the last report to Congress, v/n the 4th day of December. 1797; and that the sums heretofore purchased amount to two millions three hundred and seven thousand six hundred and sixty-one dollars and seventy-one cents, for which there have been paid, in specif the sum of one million six hundred and eighteen thousand nine huridredand thirty-six dollars and four cents, as will more particularly appear from the document hereto annexed, marked A.

That the following sums have been applied towards the discharge of the principal debt of the United States, since the date of the last report to Congress, of the fourth of December, 1797. 1st. To the third instalment of the six per cent, stock, bearing a present interest, which, pursuant to the act,

entitled " An act making further provisionfor the support of public credit* and for the redemption of the public debt," passed on the third day of March, one thousand seven hundred ana ninety-five, and tne act in addition thereto, passed on the twenty-eighth day of April, one thousand seven hundred and ninety-six, became payable on the first day of January, one thousand seven hundred and ninety-eight, the sum of. . „ $638,016 3

2nd. To the payment of an instalment of the subscription for bank stock due on the last day of De-cember, one thouand seven hundred and ninety-seven, . . . . . . 200,000 00

3rd. To the payment of the second instalment of the loan of 800,000 dollars, obtained of the Bank of the United States, pursuant to an act passed on the 21st of February, 1795, . . . 200,000 00

4th. To the payment of the first instalment of a loan of one million of guilders, in Holland, which fell due the present year, pursuant to a contract dated the 1st June, 1787,estimated atforty cents per guilder, . . . / 80,000 00

$1,118,016 03

The payments before enumerated have been made out of the following funds: 1st. The interest fund on the sums which accrued upon the stock purchased and vested in the com-

missioners of the sinking fund, in trust for the U nited States, as particularly stated in the docu-ment hereto annexed, marked B, . . . . . . . . 88,912 87

2nd. The fund arising from the payment of the debts which originated prior to the present constitu-tion of the United States, as particularly stated in the document marked C, 17,714 95

3rd. The fund arising from the sales of lands in the Northwestern territory, as particularly stated in the document hereto annexed, marked D, . . .. . . . 88,376 73

4th. The funds arising from established revenues, and appropriated for the reduction of the debts of the United States, being for the period, and in reference to the objects, contained in this report, 923,011 48

Making, in the whole, a sum equal to the Reimbursements before mentioned, - $1,118,016 03

The growing produce of the interest funds, together with the sums received and expected from established revenues, are estimated by the Secretary as sufficient for the reimbursement of the fourth instalment of the six per cent, stock, bearing a present interest. A statement of the amount and application of the said funds will be exhi-bited to the Board with the next report

All which is most respectfully submitted, by 7 _ OLIVER WOLCOTT, Secretary of the Treasury.

1 KEASURY DEPARTMENT, 12M of Decembers 1798.

/

1798

A-

Statement of the Purchases, offyblic Stock by the Agents to fie $Trustees named in the Act for the Reduction of the Public Debt.

Total amount of stock purchased bv the agents to the trustees, as per report to the Hquse of Representatives, dated 4th December, 1W, -

I do hereby certify, that the trustees named in the acts for the reduction of the public debt, have credit on the books of the several stocks at the treasury of the United states, for the sums above stated,in the several columns of six per cent., three per cent., and deferred stock: and the amount thereof, being public debt, extinguished by their pur-chases, is two millions three hundred and seven thousand six hundred and sixty-one dollars and seventy-one cents, for which the sum of one million six hundred and eighteen thousand nine hundred and thirty-six dollars and four cents, in specie, was paid irom the public treasury, from the following funds, viz:

Surplus duties to the end ofthe year 1790, $957,770 65: amount purchased therewith, Loan of $2,000,000, - - - 434,901 89: amount purchased therewith, Interest on stock purchased and redeemed, 226,263 50: amount purchased therewith,

$1,618,936 04

Six per cent stock.

$907,816 64

$439,016 12 353,604 95 115,195 57

$907,816. 64


$511,860 63

$401,072 90 31,731 94 79,055 79

$511,860 63

Deferred stock*

$887,984 44

$631,786 86 137,588 66 118,608 92

$887,984 44

Amount ofthe several species

of stock*

$2,307,661 71

1,471,875 88 522,925 55 312,860 28

$2,307,661 71

Moneys expend-1

ed in purchasing debt*

$1,618,936 04 !

TREASURY DEPARTMENT, REGISTER'S OFFICE, December 10, 1798, JOSEPH NOURSE, Register.

o o o

aj i> 12!

H

3 oo

1798

1799.] VALUATION OF LAND AND DWELLING HOUSES. 601

B.

Statement of moneys arising from interest on stock transferred to the United States, being the amount drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the Bth May; 1792, and agreeably to a statement made at the Treasury, No. 10,048, dated 12th September, 1798, viz.

1797, March 31, $22,160 61 June 30, - - - - - - - - - - - 22,233 47 September 30, - - - - - - - - - 22,236 45 December 30, - - - - - - - - - - 22,282 34

$88,912 87

TREASURY DEPARTMENT, Register's Office, December 10, 1798. J O S E P H N O U R S E , Register.

C .

Statement qf moneys received at the Treasury in the year VIST, from the payment of debts which originated prior to the present constitution, being the amount drawn by the agent to the trustees for the redemption of the public debt, on the 30th December, 1797, and agreeably to a statement made at the Treasury, No. 10,048, dated Sep-tember 10, 1798, viz.

From Daniel Jenifer, for the-amount of goods delivered to him at Yorktown, in Virginia, after the capture of that place in 1781, - ~ . , - - * " - $66 67

From Edward Carrington, late quartermaster general, being the amount of sundry payments made by persons in discharge of their bonds, given for public property sold by him, - - 1,287 36

From Nathaniel Gilman, late commissioner,of the loan office for the State of New Hampshire, be-ing the amount deducted from his account of charges for office rent and fuel, - - 105- 76

From Constable, Rucker & Co. being a balance due the United States for moneys advanced, and tobacco sold them, pursuant to contract with the late Board of Treasury, - - 16,255 16

$17,714 95 TREASURY DEPARTMENT, Register's Office, December 10, 1798.


D .

Statement of moneys arising from the sales of lands belonging to the United States, being the amount drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the 3d March, 1795, and agreeably to a statement made at the Treasury\ No. 10,048, dated the 12th September, 1798.

1797, December 30. Warrant No. 7,829 in part of the nett proceeds of 43,446-^ acres, sold at Pittsburg, pur-suant to an act of Congress of the 18th May, 1796, - - - - - $88,376 73

TREASURY DEPARTMENT, Register's Office, December 10, 1798, JOSEPH NOURSE, Register.

5th CONGRESS.] N O . 1 3 9 - [3d SESSION.

V A L U A T I O N OF L A N D A N D D W E L L I N G H O U S E S .

COMMUNICATED TO THE HOUSE OF REPRESENTATIVES, JANUARY 21, 1799.

Mr. HARPER mado the following report: The Committee of Ways and Means, instructed, by a resolution of the 9th instant, to inquire and report, by bill or

otherwise, whether any, and what, amendments are necessary to be made in the act, entitled " A n act to provide for the valuation of lands and dwelling houses, and the enumeration of slaves within the United States," have attended carefully to that subject, and agreed to the following report which they beg leave to submit to the consideration of the House:

The attention of the committee has been particularly directed to two parts of the act under which, as far as they have been able to learn, the difficulties yet standing in the way of its execution, have arisen: that which relates to the duty and compensation of assessors, and that respecting, tne description of dwelling houses.

As to the first, it appears that, although proper personsJhave, in several States, been prevailed on to act as asses-sors, at the present rate of compensation, yet instances have occurred in important and extensive districts, where it has been found impossible to procure proper assessors, on account of the smallness of the compensations, and that this difficulty may be apprehenaed, perhaps in an increased degree, in some States where the appointment of asses-sors, as far as is now known, has not yet been attempted. The committee have been able to perceive no other remedy for it, than to authorize the Secretary of the Treasury, under the direction of the President, to increase the compensations of assessors, in those cases where he may find it necessary—so, however, as that no assessor, princi-pal or assistant, shall receive more than two dollars per day, in the wholes and this measure they recommend to the House. - . ,

It further appears, that difficulty and delay arise from the want of a provision for clerks to the principal asses-sors, whose duty, in the execution of the law, is very important, and must often require a degree of skill in accounts, not always possessed by persons otherwise perfectly well qualified for that office. The committee, therefore, con-ceive that a clerk ought to be allowed to each principal assessor, his compensation not to exceed one dollar per day while actually employed, and his accounts to be settled like those ofthe assessors, by the Board of Commissioners.

The committee also find, that some inconveniences have already been experienced from the shortness of time allowed to principal assessors for receiving appeals, and that more may be probably expected. This time, as fixed by the act, is fifteen days, and the commissioners have no power to extend it in any case. Such a power the com-mittee suppose it would be proper to give them.

1798

1799/1 I N T E R N A L R E V E N U E S . 613

6th CONGRESS.] N O . 1 4 3 . [1st SESSION.

S I N K I N G FJJND.

COMMUNICATED TO THE SENATE, DECEMBER 11, 1799*

The Commissioners of the Sinking Fund respectfully report to Congress as follows:

That the measures which have been authorized by the Board, subsequent to their report of the 15th ot December, 1798, so far as the same have been completed, are fully detailed in the report of the Secretary of the Treasury to this Board, dated the 10th of December, 1799, and in the proceedings of the officers of the treasury therein referred to, which are herewith transmitted, and prayed to be received as part of this report.

S A M U E L L1VERMORE, President ofthe Senate, pro tern.

December 11, 1799.

Tlie Secretary of the Treasury respectfully reports to the Comissioners of the Sinking Fund: That no purchases of the public debt of the United States have been made, since the date of the last report to

Congressmen the 15th day of December, 1798: and that the sums of capital stock heretofore purchased and trans-ferred, prior to the present year, in trust for tne United States, the interest whereon is appropriated by law towards the reduction ofthe public debt, amount to two millions seven^ hundred and thirty-four thousand four hundred and seventy-nine dollars and forty-four cents, as will more particularly appear from the document hereto annexed, marked A.

That the following sums have been applied towards the discharge of the principal debt of the United States, since the date of tlie last report to Congress, ofthe 15th of December,"1798:

1st. To the fourth instalment of th^six per cent, stock, bearinga present interest, which, pursuant to the act, entitled " An act making further provision for the support of public credit, and for the redemption ofthe public debt," passed on the 3d day of March, 1795, and the act in addi-tion thereto, passed on the 28th day of April, 1796, became payable on the first day of January, 1799, the sum of - - - - - - - - - $674,938 02

2d. To the payment of the seventh instalment of the subscription loan for bank stock, due on the first day of December, 1798, - - - - # # - - - 200,000 00

3d- To the payment of the second instalment of a loan of one million of guilders, obtained in Hol-land, and which fell due the present year, pursuant to a contract, dated the 1st of June, 1787, estimated at 40 cents per guilder, - - - _ - , •- - - 80,000 00

4th. To the payment of the first instalment of a loan of one million of guilders, obtained in Hol-land, and which fell due in the present year, pursuant to a contract, dated tne 13th of March, 1788, estimated at 40 cents per guilder, - - - - - - - - 80,000 00

Amounting, in the whole, to - - - - - - $1,034,938 02

The payments before enumerated have been made out of the following funds: 1st. The interest fund on the sums which accrued upon the stock purchased, and vested in the

commissioners of tlie sinking fund, in trust for the United States, asxparticularly stated in the document hereto annexed, marked B, - - - - _ $89,375 72

2d. The fund arising from the payment of debts, which originated prior to the present constitution of the United States, as particularly stated in the document marked C9 - b - - 6,710 68

3d. The fund arising from the sales ot lands in the Northwestern territory, as particularly stated in the document hereto annexed, marked D, - - - - - 11,963 11

4th. The fund arising from dividends on the capital stock belonging to the United States, in the Bank of the United States, from the 3d* of March, 1795, to the_ 30th of June, 1798, after deduct-ing the interest paid On the subscription loan for the same period, as particularly stated in the document hereto annexed, marked E, - 144,889 08

5th. The fund arising from a loan obtained of the Bank of the United States, pursuant to the 6th section of the act passed on the 3d of March, 1795, entitled " An act making further provision for the support of public credit, and for the redemption of the public debt," and agreeably to a resolution of the Board of Commissioners of the Sinking Fund, of tlie 15th December, 1798, approved by the President of the United States, - - - 200,000 00

6th. The proceeds of tlie duties on goods, wares, and merchandise, imported; on the tonnage of ships or vessels, and on spirits distilled within the United States, and stills, appropriated by the 8th section of the act of March 3d, 1795, entitled w An act making further provision for the support of public credit, and for the redemption of the public debt," being for the period, and in reference to the objects, mentioned in this report, - - - - - 581,999 43

$1,034,938 02

Making, in the whole, an equal amount to tlie reimbursement before mentioned. There remained in the hands ofthe Treasurer of the United States, as agent of the Board of commissioners, on

the first day of December instant, the sum of five hundred thousand seven hundred and eighteen dollais and fifty-five cents, which, with the growing produce of other appropriated funds, will be sufficient for the reimbursement, at the close of the present year, of tne fifth instalment of the six per cent, stock, bearing a present interest, and the eighth instalment of the subscription loan for stock of the Bank of the United States, which reimbursements are required to be made by the 11th section of the act of Congress, passed on the 3d of March, 1795, herein before mentioned.

All which is most respectfully submitted, by O L I V E R W O L C O T T , Secretary ofthe Treasury.

TREASURY DEPARTMENT, December 10, 1799,

78 f t

1799

A General Statement ofthe several stocks transferred to the United States, to the Zlst December, 1798, inclusively; the interest upon which, by the acts of the 8th May, 1792, and 3 d March, 1795, is appropriated for the redemption ofthe public debt.

6 per cent, stock. 3 per cent, stock. Deferred stock. 5£ per cent, stock.

Amount of the se-veral species of Stock.

Purchased with moneys received on account of the surplus of duties, to the end of the year 1790, as per statement thereof, heretofore rendered, . . . . . . . . . . .

Ditto, on account of a loan of $2,000,000, ditto, . . . . . . . . . Ditto, out of the interest fund, ditto, . . . . . . . . . Amount transferred to the United States, . ,

(a.) In payment for land on Lake Erie, sold to the State of Pennsylvania, . In discharge of the debts clue to foreign officers, . . . 1 . . . . In the payment of certain balances, which originated prior to the present constitution, . . . . In the repayments of commutation by sundry military officers, . . . . . In payment for lands sold under the act of the 18th May, 1796, and received in pursuance ofthe act ofthe 3d

March, 1797,

439,016 12 353,604 95 115,195 57 274,446 42

401,072 90 31,731 94 79,055 79

102,975 84

631,786 86 137,588 66 118,608 92 47,995 47 1,400 00

1,471,875 88 522,925 55 312,860 28

( a . ) 426,817 73




March, 1797,

$1,182,263 06 614,836 47 935,979 91 1,400 00 2,734,479 44




March, 1797,

60,449 44 186,988 23

4,225 96 14,934 22

7,848 57

60,718 35 22,438 58

6,747 40 10,472 40

2,599 21

30,224 72

10,303 66 7,467 09

1,400 00

151,392 41 209,426 81

21,277 02 32,873 71

11,847 78




March, 1797,

$274,446 42 102,975 84 47,995 47 1,400 00 426,817 73

TREASURY DEPARTMENT, Register's Office, December, 4, 1799. JOSEPH NOURSE, Register.

b-L

<o to

1799

1799.2 T H E M I N T . 615

B.

Statement qf moneys arising from interest on stock transferred to the United States, being the amount drawn by the agent to the trustees for the redemption of the public debt, pursuant to the act of the 8th May, 1792, and agreeably to a statement made at the Treasury, No. 11,064, dated the 25th November 1799.

1798, March 30, $22,282 34 June 30, . . . . . . . . . . 22,364 46 September 27, . . . . . . . . 22,364 46 December 29, . . . . . . . . . . 22,364 46

$89,375 72 TREASURY DEPARTMENT, Registers Office, December 4th, 1799. = = = = =


C.

Statement of moneys received at the Treasury in the year 1798, from the payment of debts which originated prior to the present constitution, being the amount drawn by the agent to the trustees for the redemption of the public debt, on the 29 th December, 1798, pursuant to the act ofthe 3 d March, 1795, and agreeably to a statement made at the Treasury, No. 11,064, dated the 25th November, 1799.

From Timothy Pickering, late quartermaster general, for a balance of public moneys which re-mained in his hands, . . . . . . . . . $3,878 86

From Edward Carrington, late deputy] quartermaster general, on account of moneys received by him for public property sold, . . . . . . . . 2,831 82

$6,710 68 TREASURY DEPARTMENT, Registers Office, December 4th, 1799, • :


D.

Statement of moneys received into the Treasury in the year 1798, from the sale of lands belonging to the United States, being the amount drawn by the agent to the trustees for the redemption qf the public debt, pursuant to the act of 2d march 1795, and agreeably to a statement made at the Treasury, No. 11,064, dated 25th Novem-ber, 1799.

1798, December 29. Warrant No. 9040, in part of the nett proceeds of 43,446^ acres sold at Pittsburg, pursuant to an act of Congress of 18th May, 1796., . . . . $11,963 11

TREASURY DEPARTMENT, Register's Office, December 4, 1799. JOSEPH NOURSE, Register.

E.

Statement of moneys arising from dividends on the capital stock belonging to the'United States, in the bank of said States, from 3d March, 1795, to 30th June, 1798, after deducting the interest on the subscription loan for the same period, being the amount drawn by the agent to the trustees for the redemption ofthe public debt, pur-suant to the act of 2d March, 1795, and agreeably to a statement made at the Treasury, No. 11,064, dated 25th November, 1799.

1798, December 29. Warrant No. 9,039, in favor of said agent, . . . . $144,889 08

TREASURY DEPARTMENT, Register's Office, December 4, 1799. JOSEPH NOURSE, Register. -

6th CONGRESS.] N O . 1 4 4 . [1st SESSION.

M I N T . 3

COMMUNICATED TO CONGRESS, JANUARY 8, 1800.

Gentlemen of the Senate and Gentlemen ofthe House of Representatives:

A report, made to me on the first day of this month, by the Director of the Mint, through the office of the Secretary of State, with the documents attending it, I transmit to both Houses of Congress, for their consideration.

JOHN ADAMS. UNITED STATES, January 8th, 1800.

To the President of the United States.

The Director of the Mint respectfully reports, that there has been coined and issued from the mint, from the first day of January, to the thirty-first day of December, 1799^ inclusive, the quantity of 213,285 dollars, in gold coin; 423,515 dollars, in silver coin; and 9,106 dollars and 68 cents, in copper cents; amounting to 645,906 dpflars and 68 cents, or 1,365,681 pieces of coin; which, added to the former returns, makes the whole ofthe coinage, since the establishment of the mint, 6962530 dollars in gold, 1,210,158 dollars and 75 cents in silver, and 50,111 dollars and 42 cents in copper cents; making the amount of the whole cqinage of the mint, 1,962,800 dollars and 17 cents; all which will more fully appear by the enclosed returns from the treasurer of the mint; as also, that the coinage of the last year has exceeded that of any former year, by 100j208 dollars 68 cents.

Itis almost needless to observe, that the 50,000 dollars in copper coin, required by the second section of the act of Congress, passed on the 8th of May, 1792, being now completed, it becomes necessary for the Treasurer of the United States to comply with the provision of the said section, by giving the public notice therein mentioned.

1799

Documents

59673_1795-1799