The New-Jersey gazette — Burlington [N.J.], 1785-10-10 00:00:00, page 2

it will be Decenary that three millions of dollar', in
addition to fix hundred and forty-nine thousand, eight
hundred and eighty dollars, hereafter provided for,
be paid into the common treasury, on or before the
firft day of May next, to be appropriated to the fol
lowing purposes:
Dollars.
Civil department, 122,331
Military depart
ment, - 187,224:32
Purchases of In
dian rights of
foil, and the in
cidental expen
ces, - 5,000
Contingencies, the
expences under
which head shall
on the firft of
Jan. annually,
be transmitted
by the board of
treasury, to the .
legislature of
each hate, 90,000
FOREIGN DEBT.
10,000,000 livres loaned in
Holland and
gaurantied by
France, one
year's interest
thereon, - 74,074
24,000,000 livres publick
French loan,
one year's in
tereft thereon, 222,222:20
174,000 dollars Spanilh loan,
one year's in
tereft thereon, 8,700
5,000,000 florins firft Dutch
loan, one year's
interest thereon, 96,527: 5
2,000,000 do. second Dutch
loan, one year's
interest thereon
at 4 per cent. 30,888:88
846,710 livres to the Farmers-
General of
France, one
year's interest
thereon, - 7,840
DOMESTIC DEBT.
Liquidated.
10,517,380:6 dollars, one
year's interest
thereon, - 631,042: 6
Loan-office debt.
~778,900 dollars issued to
theist Sept.
1777, equal to
specie, i year's
interest there
on, - 226,734
3,459,200 dollars, issued be
tween theist
Sept.l777, and
iff March 1778
which film is
fubjert to li
quidation by
the scale, but
the interest is
payable on the
nominal sum,
one year's in
terest thereon, 207,540
5,146,330:8 dollars, specie
value of uncan
celled ban-of
fice certificates,
issued after the
ift March 1778,
one year's in
terest thereon, 308,780:6
4,823,724 dollars, estimated
amount of cer
tificates issued
and to be issued
to the lines of
Maryland, Vir
ginia, N. Caro
lina, S. Caroli
na, and Geor
gia, one year's
interest thereon, 289,423: 4
1,141,551:5 dollars balance
of the estimate
of the 27th A
pril, 1784, a
bove the sum
called for by
the resolution
of Congress of
that date, 1,141,551, 5
Total estimate - 3,649,880
Deduction, - 649,880
Balance to be called for, - 3,000,000
Deduct for part of the Dutch loan applied towards
a discharge of the last year's estimate, and which the
fams required from the dates last year will replace;
and for loans now in the hands of Dutch commission
ers, and hereby appropriated for the purposes of this
estimate, 649,880 dollars, an'd there remains the ba
lance of three millions of dollars to be paid into the
common treasury.
The committee find that, for reasons dated in the
resolve of Congress of the 27th of April 1784, there
yet remains a moiety of the requisition for eight mil
lions of dollars, and the whole of the requisition for
two millions of dollars, to be applied to the life of
the United States, before any new requisition ought
to be made; they are therefore of opinion, that the
states be called upon to make actual payment of three
quarters of the remaining moiety aforefaid, on or be
fore the firft day of May aforefaid.
The committee have not been able to obtain infor
mation how many states have complied with the re
solution of February 17, or that of April 18, 1783,
relative to a rule for adjusting the quotas of the seve
ral states in federal requisitions :—They are therefore
of opinion, that the several states which have not de
.cided on that fubjert, be again solicited to come to a
decision thereon, and to fend forward the fame, as a
measure necessary to enable Congress to effert a settle
ment of accounts with the several states, and to ap
portion to each a just quota of the publick expences;
but in the mean time, as the publick faith renders it
the duty of Congress to continue their annual demand
for money, the committee are of opinion, that in the
apportionment thereof, the quotas of the several states
should be adjusted agreeably to the best information
which Congress may from time to time have obtained
on the fubjert. Upon this principle they recommend
to Congress, that in the present requisition for three
millions of dollars, the quotas of the several states be
as follows, viz.
Dollars.
New-Hampshire, - - *105,416
Massachusetts, - - - 448,854
Rhode-Bland and Providence Plantations, 64,636
Connecticut, - - - 264,182
New-York, - - - 256,486
New-Jersey, - - - 166,716
Pennsylvania, - - - 410,378
Delaware, - - _ 44,886
Maryland, - - - 283,034
Virginia, - - - 512,974
North-Carolina, - - - 218,012
South-Carolina, - - 192.366
Georgia, - - - 32,060
3,c00,000
Which sums, when paid, shall be passed to the cre
dit of the states refpe&ively, on the terms prescribed
by the resolution of Congress of the 6th day of Octo
ber, 1779, and together with the monies relied on to
discharge the aforefaid deduction of 649,880 dollars,
be applied in conformity with the federal appropriations
in the preceding part of this report, giving prefer
ence according to the order in which they are Rated
in the estimate.
As more than two thirds of the sum called for is to
be applied to the payment of the interest on the do
mestic debt, the committee are of opinion, that the
several legislatures may so model the collection of the
sums called for, that one third of any sum being paid
in actual money, the other two-thirds may be difeharg
cd by the interest due upon loan-office certificates and
upon other certificates of the liquidated debts of the
United States. And to afeertain the evidences of in
terest due upon loan-office certificates, the holders
thereof refpe&ivcly, shall be at liberty to carry them
to the office from which they issued, and the holders
of other certificates of liquidated debts of the United
States, to carry the fame to the loan-office of that Rate
wherein they are inhabitants, or if foreigners, to any
loan-office within the United States, and to have
the interest due thereon, fettled and certified to the
last day of the year 1784.
Provided that the commissioner of the continental
loan-office in any Rate, Shall not on any pretence
whatever, fettle, or issue any certificate or certificates
for the interest due on any continental loan office
certificate or other certificate of liquidated debts a
forefaid, unless as hereafter provided until the Rate
for which he is continental loan-officer shall have pas
sed a legislative ad, complying with this requisition ;
nor Shall he issue any certificate, or take any other
measure whereby the interest may be paid by the Rate,
in any mode nut pointed out by this requisition , nor
Shall the commissioner of the continental loan-office
in any Rate that Shall have complied with this requi
sition, iffiie any certificate, or take any other measure
whereby a discrimination may be made by such Rate
between the holders of loan-office certificates issued
from his office, who are citizens of that Rate and fo
reigners, or the citizens of any other Rate that Shall
have complied with this requisition: Excepting from
this proviso, such Rate or states, as by the books of
the treasury, shall appear to have paid their full quota
of the requisition of the 30th Odober 1781, for eight
millions of dollars upon the former and present ap
portionment of the fame, so far as to admit the com
missioner of the continental loan-c ffice in such Rate
or Rates, to issue certificates for interest in the fame
manner as the commissioners in the fates palling le
gislative ads as aforefaid: Provided always, that any
continental loan-officer shall issue certificates for in
terest as aforefaid, due on continental loan-office cer
tificates issued from his office and belonging to fo
reigners, and also, to the citizens of such Rate as
Shall have passed a legislative ad, complying with this
requisition as aforefaid.
Provided nevertheless, that where any Rate hath
made provision by law, for paying any part of the in
terest of the domestic debt of the United States con
tained in the estimate on which this requisition is
founded, the continental loan-officer in such Rate,
Shall, without delay, ascertain the sum which shall
have been so paid purfaapt to such law, on or before
the firft day of January next, and (hall make report
thereof to the board of treasury, and also to the le
gislature of such Rate, who may dedaft from their
quota of this requisition, and be credited in part
payment thereof, the sum so paid not exceeding two
thirds of such quota, every Rate being held to pay in
specie one-third part of the laid quota, previously to
the admission of such credit. And if any Rate Shall
have so paid in difeharge of interest as aforefaid a sum
exceeding two-thirds of its quota of this requisition,
such surplus shall be admitted as a charge against the
United States in the Settlement of the general account
of such Rate; but if any interest, after the laid firft
day of January, shall be paid by any Rate con
trary to the true intent of this requisition, such pay
ment Shall not be admitted as a charge against the United
States. And if any commissioner of a continental
loan-office Shall disobey or neglect to carry into ex
ecution any resolution or order of Congress; or other
wise neglert his duty in the said office, the board of
treasury shall suspend him from his office, and the emo
luments thereof, and immediately report the reasons
thereof to Congress ; and the board of treasury are
hereby empowered to appoint in the room of the
commissioner of the continental loan-office so suspend
ed, a citizen of the Rate in which the office is kept, who
Shall have all the powers and emoluments of a com
miffioner.of the continental loan-office, until Con
gress shall finally determine refpe&ing the fufpen
iion.
And every commissioner of the continental loan
office, previously to fettling and issuing certificates as
aforefaid, for the interest due on certificates of liqui
dated debts, other than loan-office certificates, Shall
administer an oath or affirmation, or require a certi
ficate Signed by one of the persons whom the Rate
in which the commissioner resides Shall, in the legisla
tive art complying with this requisition appoint, that
he has administered to the owner or poffeflbr of every
such certificate, an oath or affirmation, that the fame
is bona fide the property of the particular Rate in
which the said commissioner resides, or of a citizen
or citizens of the said state, or of feme corporate
body or charitable institution within the fame,' or of
some person who is not a citizen of any of the
United States; describing the certificate or certificates
alluded to in every such oath or affirmation, in such
manner as Shall be necessary to identify the fame, or
as may be prescribed by the legislature of the said
Rate.
And for preventing the depreciation of certificates
to be issued as aforefaid, the legislature cf each Rate is
required to provide, in the aft complying with this
,requilition, that if on the firft day of January 1787,
the said Rate's quota of the said certificates so to be issu
ed Shall not be in the hands ofthe Rate treasurer or
other proper officer, the deficiency shall be collected
and paid into the continental treasury in specie, which,
when so paid, is hereby appropriated to the redemp
tion of such surplus certificates.
Provided nevertheless, that any Rate which Shall
have obtained a credit in the books of the treasury
for the full compliance with the requisition of the
4th of September, 1782, for one million two hundred
thousand dollars, with the requisition of 27th cf April,
1784, for completing the payment of one half of the
requisition of 30th Ortober, 1781, for eight millions
dollars, and allo with this tequifition, Shall at any
time after Such compliances, be admitted to pay into
the treatury of the United States any sum or sums,
in the Said certificates to be issued for interest as a
forefaid, and have credit for the fame, to be deduc
ed out of the quota of such Rate in the next succeed
ing requisitions; provided that such sum or sums do
not exceed one half of the said quota.
That the board of treasury cause to be made a
bank paper, and thereon to be Struck the foim of
certificates, to evidence the interest due as aforefaid,
and transmit to the several loan-officers a fofficient
number of the fame. That the said board furniShthe
several loan-officers with Such checks and instructi
ons, as they from time to time shall judge necessary,
to prevent counterfeited certificates of debts from ob
taining a Settlement of interest, and to detert coun
terfeit evidences of interest, and thereby to avoid
receiving them in discharge of taxes; which certifi
cates ot interest being parted with by the holders of
the principal, Shall be deemed evidence that he has
received fatisfartion for the fame, and therefore Shall
be receivable from the bearer in lieu of money in the
proportion aforefaid, in any other Rate in the union,
as well as in the Rate in which they were issued.
That the Rate receiving such certificates and paying
the fame into the publick treasury, with a proportion
of specie as aforefaid, shall have credit therefor ; which
payment flball be considered as a discharge cf the in
terest due on the domestic debt, in the proportion
that each Rate avails itfelf of the said certificates of
interest. And where loan-office certificates issued af
ter the firft day of March 1778, shall be presented to
the loan-officer, they shall be reduced to their specie va
lue conformably to the resolutions of Congress cf
June 28th, 1780, and that specie value exprefled on
some part of the certificate, and the interest thereon
fettled and certified as in other cases.
As a motive for the cheerful payment of the fan
now called for, as well as cf the arrearages on that
ot April 27, 1784, the committee are of opinion thatthe
Rates be reminded, that Congress have passed an or
dinance for the Survey and fate of the western terri-,
tory of the United States, and that the proceeds there
of will be applied as a finking fluid to extinguish the
domestic debt. Future requisitions for interest on the
domestic debt, will therefore be reduced in proportion as
this fund may be rendered productive.
Refolded, That Congress agree to the said report.