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Front Page  Titles (by Subject) payments of public debt - The Works of Alexander Hamilton, (Federal Edition), vol. 3
payments of public debt - Alexander Hamilton, The Works of Alexander Hamilton, (Federal Edition), vol. 3 [1791]Edition used:The Works of Alexander Hamilton, ed. Henry Cabot Lodge (Federal Edition) (New York: G.P. Putnam’s Sons, 1904). In 12 vols. Vol. 3.
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- Finance ( Continued )
- Vindication of the Funding System
- Payments of Public Debt
- Civis to Mercator
- Fact For the National Gazette
- Public Debt (communicated to the House of Representatives, December 3, 1792.)
- Loans
- Public Funds Communicated to the Senate, February 14, 1793.
- Loans Communicated to the House of Representatives, February 20, 1793.
- Observer 1
- Hamilton to the Speaker of the House of Representatives
- Loan Communicated to the House of Representatives, February 25, 1794.
- Hamilton to Washington
- Hamilton to a Committee of Congress
- Hamilton to a Committee of Congress
- Washington to Hamilton
- Washington to Hamilton
- Washington to Hamilton
- Hamilton to Washington
- Hamilton to the Speaker of the House of Representatives
- Public Credit Communicated to the Senate, January 16 and 21, 1795.
- Improvement of the Revenue Communicated to the House of Representatives, February 2, 1795.
- Building Tax Plan Sent to Oliver Wolcott, Secretary of the Treasury, June 7, 1797
- National Bank
- Hamilton to Robert Morris, 1780 1
- Hamilton to Robert Morris
- National Bank Communicated to the House of Representatives, December 14, 1790.
- Washington to Hamilton
- Hamilton to Washington
- Hamilton to Washington
payments of public debt
August 29, 1792.
The following authentic documents respecting the progress which has been made by the present Government of the United States, toward extinguishing the debts contracted under the former Government, will, it is presumed, be very acceptable to the people of the United States; and it is hoped that the different editors of newspapers will give the information the general circulation which its importance merits.
I
- Treasury Department, Register’S Office,
August 24, 1792.
Sir:—I have the honor to enclose an abstract and statement of the debt incurred by the late Government, and which has been paid off from the funds of the present Government, amounting to one million eight hundred and forty-five thousand two hundred and seventeen dollars forty-two cents; but this sum will be increased, when the balance of three hundred and ninety-seven thousand twenty-four dollars thirteen cents, remaining to be appropriated to the further purchase of the public debt, shall be applied, and which more particularly appears by the subjoined statement.
With every sentiment of the highest respect, I have the honor to be, Sir,
Your most obedient and most humble servant,
Joseph Nourse, Register. Hon. Alexander Hamilton, Secretary of the Treasury.
ii
Statement of the balance which remains to be applied to the further purchase of the Public Debt
By the Act passed 12th August, 1790, making provision for the reduction of the Public Debt, Section 2d, it is enacted, That all such surplus of the product of the duties arising from impost and tonnage to 31st December, 1790, after satisfying the several appropriations therein specified, shall be applied to the purchase of the public debt.
| The product of said duties were . . | $3,026,070 65⅛ | | The total appropriations were . . | 1,687,194 81 | | The surplus fund to 31st December, 1790 | $1,338,875 84⅛ | | Deduct the amount paid for $1,456,743 18 of the public debt extinguished as per abstract . . . . . | 941,851 69 | | Leaves a balance which remains to be applied to the further purchases of the public debt . . . . . | $397,024 15⅛ |
III
An abstract Statement of the sum extinguished of the Public Debt, also of the payment from the funds of the present Government of certain claims which were incurred by the late Government.
| Purchases of the Public Debt |
|---|
| Amount thereof extinguished . . . | $1,456,743 38 | | Warrants drawn by the Board of Treasury under the late Government, and which have been discharged in pursuance of the Act of Congress of 29th September, 1789 . . . . | 157,789 94 | | Civil List: for various payments made upon accounts which originated under the late Government . . . | 25,768 50 | | War Department, being for arrearages of pay due to sundry officers of the army, and for provisions furnished . . | 7,308 40 | | Abraham Skinner, late Commissary General of Prisoners, for the Board of American Prisoners of War at Long Island; appropriated by Congress, per their Act passed 12th August, 1790 | 38,683 13 | | Representatives of Mr. de Decoudray, balance of pay . . . . . | 2,977 24 | | Ditto Hon. John Laurens, his salary on an embassy to the French Court . . | 6,017 31 | | Francis Dana, salary on an embassy to the Court of St. Petersburg . . | 2,410 30 | | Benson, Smith, and Barker, their expenses attending the embarkation of the British troops at New York . . | 1,000 00 |
| His Most Christian Majesty, for military and ordnance stores supplied to American ships of war in the French West Indies . . . . . . | $ 29,029 68 | | Oliver Pollock, for balance due him for supplies at New Orleans, with interest thereon, in conformity with the several Acts of Congress . . . | 108,605 00 | | MM. Gardoqui & Son, balance due for supplies furnished in Spain . . . | 502 86 | | $550,542 14 | | Bills of exchange, which had been drawn on Foreign Commissioners, not paid by them . . . . . . | 4,185 50 | | Timothy Pickering, late Quartermaster-General, being on account of the appropriation of $40,000, passed July 1, 1790 . . . . . . . | 2,077 89 | | Grants of Congress, viz.: | | | John McCord, per Act of Congress of 1st July, 1790 . . . . . | 1,309 71 | | Jehoakim M. Tocksin, per Act of Congress of the 26th of March, 1790 . . | 120 00 | | Baron de Glaubeck, per Act of 29th September, 1789 . . . . . | 140 26 | | Seth Harding, per Act 11th August, 1790 . | 200 00 | | Caleb Brewster, ditto, ditto . . . | 348 57 | | $2,118 54 | | $1,845,217 42 |
Treasury Department, Register’s Office, August 23, 1792. Joseph Nourse, Register.
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