Gazette of the United-States. (New-York [N.Y.]), 1792-03-07 00:00:00

Gazette of the United States.
A NATIONAL PAPER, PUBLISHED WEDNESDAYS AND SATURDAYS BY JOHN FENNO, No. 69, HIGH-STREET, PHILADELPHIA.
[No. 90, of Vol. III.]
WEDNESDAY, MARCH 7, 1792.
[Whole No. 298.]
READ IN THE HOUSE OF REPRESENTATIVES, FEB. 7, 1792.
Treasury Department, February 6th, 1792.
SIR,
I HAVE the honor to send herewith a Report on the subject of the Public Debt, pursuant to the order of the House of Representatives of the 1st of November, 1791, and to subsequent references therein mentioned; and to be, with perfect respect,
Sir, your most obedient, and most humble servant,
ALEXANDER HAMILTON, Secretary of the Treasury.
To the Honorable the SPEAKER of the House of Representatives.
TREASURY DEPARTMENT, JAN. 23d, 1792.
PURSUANT to the Order of the House of Representatives of the first of November, 1791, directing the Secretary of the Treasury, "to report to the House the amount of the SUBSCRIPTIONS to the LOANS proposed by the Act making Provision for the Public Debt, as well in the debts of the respective States as in the Domestic debt of the United States, and of the Parts which remain unsubscribed, together with such Measures as are, in his Opinion, expedient to be taken on the Subject: the said Secretary respectfully submits the following
REPORT.
1. THE whole amount of the domestic debt of the United States, principal and interest, which has been subscribed to the loan proposed concerning that debt, by the act intitled, "An act making provision for the debt of the United States," according to the statement herewith transmitted, marked A. and subject to the observations accompanying that statement, is
Dollars 31,797,481. 22
  which pursuant to the terms of that act has been converted into stock, bearing an immediate interest of 6 per cent. per annum 14,177,450. 43   Stock bearing the like interest from the 1st of Jan. 1801 7,088,727. 79   Stock bearing an immediate interest of 3 per cent. per annum 10,531,303   Making together dols. 31,797,481. 22 
  Of which there stands to the credit of the Trustees of the sinking fund, in consequence of purchases of the public debt, made under their direction, the sum of dols. 1,131,364. 76   The unsubscribed residue of the said debt, according to the statements herewith transmitted, marked B. and C. and subject to the observations accompanying the statement C. appears to amount to dols. 10,616,604. 65 
  Consisting of registered debt, principal and interest 6,795,815. 26   Unsubscribed stock on the books of the commissioners of loans for New-Jersey, Pennsylvania and Maryland, principal and interest 15,674. 62   Credits on the books of the Treasury, for which no certificates have issued, principal and interest 107,648. 63   Outstanding or floating evidences of debt, estimated per statement C. at 3,697,466. 14   Making together dols. 10,616,604. 65 
Concerning which some farther arrangement is necessary. The greatest part of the registered debt, hitherto unsubscribed, is owned, by the citizens of foreign countries, most, if not all of whom appear now disposed to embrace the terms held out by the act above mentioned; extensive orders having been received from those creditors, to subscribe to the loan, after the time for receiving subscriptions had elapsed.
A considerable part of the outstanding or floating debt, consists of loan-office certificates issued between the first of September, 1777, and the first of March, 1778, bearing interest on the nominal sum. Many of the holders of this species of debt have come in upon the terms of the act, but others have hitherto declined it; alleging, that the special nature of their contract gives a peculiarity to their case, and renders the commutation proposed not so fair an equivalent to them, as in other instances. They also complain, that the act has had, towards them, a compulsory aspect, by refusing the temporary payment of interest, unless they should change their old for new certificates, essentially varying the nature of their contract.
A resolution of Congress of the tenth of September, 1777, stipulates in favor of this class of creditors, interest upon the nominal, instead of the real principal of their debt, until that principal be discharged. This certainly renders their contract of a nature more beneficial than that of other creditors; but they are at the same time liable to be divested of the extra-benefit it gives them, by a payment of their specie-dues; and it may be observed, that they have actually enjoyed, and by accepting the terms offered to them, were enabled to realise, advantages superior to other creditors. They have been paid interest by bills on France from the tenth September, 1777, to the first of March, 1782, while other creditors received their interest in depreciated bills of the old emissions; and the terms of the loan proposed put it in their power to realise the benefit of interest on the nominal amount of their respective debts, at rates from 6. 20-100ths. nearly to 10. 47-100ths. per cent. on their real or specie capital down to the last of December, 1790.
It does not therefore appear to have been an unreasonable expectation, that they, as readily as any other description of public creditors, would have acquiesced in a measure, calculated for the accommodation of the government, under circumstances, in respect to which, it has been demonstrated by subsequent events that the accommodation desired was consistent with the best interest of the public creditors. A large proportion of the parties interested have indeed viewed the matter in this light, and have embraced the proposition. It is probable, that the progress of things will satisfy the remainder, that it is equally their interest to concur; if a farther opportunity be afforded. But it is, nevertheless, for themselves only to judge, how far the equivalent proposed is, in their case, a reasonable and fair one; how far any circumstances in their claim may suggest reasons for moderation on their part; or how far any other motives, public or private, ought to induce an acceptance. And the principles of good faith require, that their election should be free.
On this ground, the complaint which regards the withholding of a temporary payment of interest, except on the condition of a
surrender of the old certificates for new ones importing a contract substantially different, appears to the Secretary not destitute of foundation. He presumes, that the operation of that provision, in the particular case was not adverted to; or, that an exception would have been introduced as most consonant with the general spirit and design of the act. Accordingly the farther measures which will be submitted, will contemplate a method of obviating the objection in question.
From the consideration, that an extension of the time for receiving subscriptions upon the terms of the act making provision for the debt of the United States, is desired by a large proportion of the non-subscribing creditors; and from the farther consideration, that sufficient experience has not yet been had of the productiveness of a considerable branch of the revenues which have been established, to afford the light necessary to the final arrangement—it is, in the judgment of the Secretary, advisable, to renew the proposition for a loan in the domestic debt, on the same terms with the one which has been closed, and to allow time for receiving subscriptions to it until the last day of September next, inclusively; making provision for the temporary payment of interest to such who may not think fit to subscribe, for the year 1792, of the like nature with that which was made in the same case for the year 1791—except as to the holders of loan-office certificates, issued between the first of September, 1777, and the first of March, 1778; in respect to whom it is submitted as proper to dispense with the obligation of exchanging their old certificates for new, as the condition of their receiving interest in capacity of non-subscribers; and to allow them, without such exchange, to receive the same interest, both for the years 1791 and 1792, as if they had subscribed to the first loan. It will not be materially difficult, so to regulate the operation at the treasury as to avoid in the particular case, that danger of imposition by counterfeits, which was the motive to the general provision for an exchange of certificates.
II. The amount of the subscriptions in the debts of the respective States, within the limits of the sum assumed in each, appears by the statement marked D. to be dollars 17,072,334. 39-100ths, subject to the observations accompanying that statement. Consequently the difference between the aggregate of the sums subscribed and the aggregate of the sums assumed, in dollars 4,427,665. 61-100ths.
This difference is to be attributed to several causes, the principal of which are the following: First, That the sums assumed in respect to certain States exceeded the actual amount of their existing debts. Second, That in various instances, a part of the existing debt was in a form which excluded it from being received, without contravening particular provisions of the law; as in the case of certificates issued after the first day of January, 1790, in lieu of certificates which had been issued prior to that period, which was reported upon by the Secretary on the twenty-fifth day of February last. Third, Ignorance of, or inattention to the limitation of time for receiving subscriptions. It appears, that a number of persons lost the opportunity of subscribing from the one or the other of these causes.
A strong desire that a farther opportunity may be afforded for subscriptions in the debts of the States, has been manifested by the individuals interested. And the States of Rhode-Island and New-Hampshire, have by the public acts referred to the Secretary, indicated a similar desire. The affording of such farther opportunity, may either be restricted within the limit, as to amount, which is contemplated by the act itself, or may receive an extension which will embrace the residuary debts of the States.
The first may be considered as nothing more than giving full effect to a measure already adopted.
The last appears to have in its favor all the leading inducements to what has been already done. The embarrassments which might arise from conflicting systems of finance, are not entirely obviated. The efficacious command of the national resources for national exigencies, is not unequivocally secured. The equalizing of the condition of the citizens of every state, and exonerating those of the states most indebted, from partial burthens which would press upon them in consequence of exertions in a common cause, is not completely fulfilled, until the entire debt of every state, contracted in relation to the war, is embraced on one general and comprehensive plan. The inconvenience to the United States, of disburthening the states, which are still encumbered with considerable debts, would bear no proportion to the inconvenience which they would feel, if left to struggle with those debts, unaided.
More general contentment, therefore, in the public mind, may be expected to attend such an exoneration, than the reverse; in proportion as the experience of actual inconvenience would be greater, though only applicable to parts, in the one than in the other case.
With regard to states, parts only of the debts of which have been assumed, and in proportions short of those, which have prevailed, in favor of other states, and short also of what would have resulted from a due apportionment of the entire sum assumed; the claim to a farther assumption is founded on considerations of equal justice, as relative to the measure itself, considered in a separate and independent light.
But there is a farther reason of material weight for an immediate general assumption. Monied men, as well foreigners as citizens, through the expectation of an eventual assumption, or that in some shape or other a substantial provision will be made for the unassumed residue of the state debts, will be induced to speculate in the purchase of them. In proportion as the event is uncertain, or uncertain, the price of the article will be low, and the present proprietors will be under disadvantage in the sale. The loss to them in favor of the purchasers is to be regarded as an evil; and as far as it is connected with a transfer to foreigners, at an under value, it will be a national evil. By whatever authority an ultimate provision may be made, there will be an absolute loss to the community equal to the total amount of such under-value.
It may appear an objection to the measure, that it will require an establishment of additional funds by the government of the United States. But this does not seem to be a necessary consequence. The probability is, that without a supplementary assumption, an equal, or very nearly equal augmentation of funds will be requisite to provide for greater balances in favor of certain states, which would be proportionably diminished by such assumption. The destination, not the quantum of the fund, will therefore be the chief distinction between the two cases.
It may also appear an objection to a total assumption, that the magnitude of the object is not ascertained with precision. It is not certainly known, what sum is due in each state; nor has it been possible to acquire the information, owing to different causes. But though precise data are deficient, there are materials which will serve as guides. From the returns received at the treasury,
assisted by information in other ways, it may be stated without danger of material error—That the remaining debts of the states over and above the sums already subscribed, will not exceed the amounts specified in the statement D. accompanying this report—And that, including the sums already subscribed, the total amount to be ultimately provided for, in the event of a general assumption, will not exceed dols. 25,403,362. 71 which would constitute an addition of dols. 3,903,362. 71 to the sum of 21,500,000 dollars, already assumed.
Should a total assumption be deemed eligible, it may still be advisable to assign a determinate sum for each state, that the utmost limit of the operation may be pre-established; and it is necessary in order to the certainty of a due provision in proper time, that interest should not begin to be payable, on the additional sums assumed, till after the year 1793.
It will occur, that provision has been made, for paying to each state, in trust for its non-subscribing creditors, an interest upon the difference between the sum assumed for such state, and that actually subscribed, equal to what would have been payable, if it had been subscribed.
In the event of a farther assumption, either within the limits already established, or commensurate with the remaining debts of the states; it is conceived, that it will not be incompatible with the provision just mentioned, to retain, at the end of each quarter, during the progress of the farther subscription, out of the money directed to be paid to each state, the sum corresponding with the interest upon so much of its debts as shall have been subscribed to that period, paying the overplus, if any, to the state. An absolute suspension of that payment does not appear consistent with the nature of the stipulation, included in that provision; for though the money to be paid to a state be expressly a trust for the non-subscribing creditors; yet as it cannot be certain beforehand, that they will elect to change their condition, the possibility of it will not justify a suspension of payment to the state, which might operate as a suspension of payment to the creditors themselves.
A farther objection to such a suspension results from the idea, that the provision in question appears to have a secondary object; namely, as a pledge for securing a provision for whatever balance may be found due to a state on the general settlement of accounts. The payment directed to be made to a state, is, "to continue until there shall be a settlement of accounts between the United States and the individual states; and in case a balance should then appear in favor of a state, until provision shall be made for the said balance."
This secondary operation as a pledge or security (consistently with the intent of the funding act) can only be superceded in favor of the primary object, a provision for the creditors; and as far as may be necessary to admit them to an effectual participation of it. But as whatever money may be paid to a state, is to be paid over to its creditors, proportional deductions may, with propriety, be made from the debts of those creditors who may hereafter subscribe; so as that the United States may not have to pay twice for the same purpose.
If it shall be judged expedient, either to open again, or extend the assumption, it will be necessary to vary the description of the debts, which may be subscribed, so as to comprehend all those, which have relation to services or supplies during the war, under such restrictions as are requisite to guard against abuse.
In the original proposition for an assumption of the state debts, and in the suggestions now made on the same subject, the Secretary has contemplated, and still contemplates, as a material part of the plan, an effectual provision for the use of the vacant lands of the United States. He has considered this resource, as an important means of sinking a part of the debt, and facilitating ultimate arrangements concerning the residue. If supplementary funds shall be rendered necessary, by an additional assumption, the provision will most conveniently be made at the next session of Congress, when the productiveness of the existing revenues, and the extent of the sum to be provided for, will be better ascertained.
There is a part of the public debt of the United States, which is a cause of some perplexity to the treasury. It is not comprehended within the existing provision for the foreign debt which is confined to loans made abroad; and it is questionable, whether it is to be regarded as a portion of the domestic debt. It is not only due to foreigners, but the interest upon it is payable, by express stipulation, in a foreign country; whence it becomes a matter of doubt, whether it be at all contemplated by the act making provision for the debt of the United States. The part alluded to, is that which is due to certain foreign officers who served the United States during the late war. In consequence of a resolution of Congress, directing their interest to be paid to them in France, the certificates which were issued to them specify, that "in pursuance of and compliance with a certain resolution of Congress of the third day of February, 1784, the said interest is to be paid, annually, at the house of Mons. le Grand, banker in Paris." Interest has accordingly been paid to them at Paris, down to the 31st of December, 1788, by virtue of a special resolution of Congress of the 20th of August in that year, since which period, no payment has been made.
It has been heretofore suggested as the opinion of the Secretary, that it would be expedient to cause the whole of this description of debt to be paid off; among other reasons, because it bears an interest at six per centum per annum, payable abroad, and can be discharged with a saving. The other reasons alluded to are of a nature both weighty and delicate, and too obvious, it is presumed, to need a specification. Some recent circumstances have served to strengthen the inducements to the measure. But if it should, finally, be deemed unadvisable, it is necessary, at least, that provision should be made for the interest, which is now suspended, under the doubt that has been stated, and from the want of authority to remit it pursuant to the contract.
The amount of this debt, with the arrears of interest to the end of the year 1791, is dols. 220,646. 81.
IV. The act making provision for the debt of the United States, has appropriated the proceeds of the western lands as a fund for the discharge of the public debt. And the act making provision for the reduction of the public debt, has appropriated all the surplus of the duties on imports and tonnage, to the end of the year 1790, to the purpose of purchasing the debt at the market price, and has authorised the President to borrow the further sum of two millions of dollars for the same object.
These measures serve to indicate the intention of the legislature, as early and as fast as possible, to provide for the extinguishment of the existing debt.
In pursuance of that intention, it appears advisable, that a systematic plan should be begun for the creation and establishment of a sinking fund.
(TO BE CONTINUED.)

CONGRESS.
PHILADELPHIA.
HOUSE OF REPRESENTATIVES, MONDAY, FEBRUARY 6.
In committee of the whole, on the Fishery Bill.
[CONTINUED.]
MR. MADISON. In the conflict I feel between my disposition on one hand to afford every constitutional encouragement to the fisheries, and my dislike on the other, of the consequences apprehended from some clauses in the bill, I should have forborne to enter into this discussion; if I had not found that over and above such arguments as appear to be natural and pertinent to the subject, others have been introduced, which are in my judgment, contrary to the true meaning, and even strike at the characteristic principles of the existing constitution. Let me premise however to the remarks which I shall briefly offer, on the doctrine maintained by these gentlemen, that I make a material distinction in the present case, between an allowance as a mere commutation and modification of a drawback, and an allowance in the nature of a real and positive bounty. I make a distinction also, as a subject of fair consideration, at least, between a bounty granted under the particular terms in the constitution, "a power to regulate trade," and one granted under the indefinite terms, which have been cited as authority on this occasion. I think however that the term "bounty" is in every point of view improper as it is here applied, not only because it may be offensive to some, and in the opinion of others, carries a dangerous implication; but also because it does not express the true intention of the bill as avowed and advocated by its patrons themselves. For if in the allowance nothing more is proposed than a mere reimbursement of the sum advanced, it is only paying a debt; and when we pay a debt, we ought not to claim the merit of granting a bounty.
It is supposed by some gentlemen, that Congress have authority not only to grant bounties in the sense here used, merely as a commutation for drawbacks; but even to grant them under a power by virtue of which they may do any thing which they may think conducive to the "general welfare." This, Sir, in my mind raises the important and fundamental question; whether the general terms which have been cited, are to be considered as a sort of caption or general description of the specified powers, and as having no further meaning, and giving no further power, than what is found in that specification, or as an abstract and indefinite delegation of power extending to all cases whatever; to all such at least as will admit the application of money, which is giving as much latitude as any government could well desire.
I, Sir, have always conceived,—I believe those who proposed the constitution conceived, and it is still more fully known, and more material to observe, that those who ratified the constitution conceived, that this is not an indefinite government, deriving its powers from the general terms prefixed to the specified powers, but a limited government, tied down to the specified powers, which explain and define the general terms.
The gentlemen who contend for a contrary doctrine are surely not aware of the consequences which flow from it, and which they must either admit or give up their doctrine.
It will follow in the first place that if the terms be taken in the broad sense they maintain, the particular powers afterwards so carefully and distinctly enumerated would be without meaning, and must go for nothing. It would be absurd to say first, that Congress may do what they please, and then that they may do this or that particular thing; after giving Congress power to raise money and apply it to all purposes which they may pronounce necessary to the general welfare, it would be absurd, to say the least, superadd a power to raise armies, to provide fleets, &c. In fact the meaning of the general terms in question must either be sought in the subsequent enumeration which limits and details them; or they convert the government from one limited as hitherto supposed, to the enumerated powers, into a government without any limits at all.
It is to be recollected that the terms "common defence and general welfare" as here used, are not novel terms first introduced into this constitution. They are terms familiar in their construction and well known to the people of America.
They are repeatedly found in the old articles of confederation, where altho they are susceptible of as great latitude as can be given them by the context here, it was never supposed or pre-
tended that they conveyed any such power as is now assigned to them. On the contrary, it was always considered as clear and certain, that the old Congress was limited to the enumerated powers; and that the enumeration limited and explained the general terms. I ask the gentlemen themselves whether it ever was supposed or suspected that the old Congress could give away the monies of the states in bounties, to encourage agriculture, or for any other purpose they pleased. If such a power had been possessed by that body, it would have been much less impotent, or have borne a very different character from that universally ascribed to it.
The novel idea now annexed to these terms, and never before entertained by the friends or enemies of the government, will have a further consequence which cannot have been taken into the view of the gentlemen. Their construction would not only give Congress the complete legislative power I have stated: it would do more; it would supercede all the restrictions understood at present to lie on their power with respect to the judiciary. It would put it in the power of Congress to establish courts throughout the United States, with cognizance of suits between citizen and citizen, and in all cases whatsoever. This, Sir, seems to be demonstrable: for if the clause in question really authorises Congress to do whatever they think fit, provided it be for the general welfare, of which they are to judge, and money can be applied to it, Congress must have power to create and support a judiciary establishment, with a jurisdiction extending to all cases favorable in their opinion to the general welfare, in the same manner as they have power to pass laws and apply money, providing in any other way for the general welfare—I shall be reminded perhaps, that according to the terms of the constitution the judicial power is to extend to certain cases only, not to all cases. But this circumstance can have no effect in the argument, it being presupposed by the gentlemen that the specification of certain objects does not limit the import of general terms. Taking these terms as an abstract and indefinite grant of power, they comprize all the objects of legislative regulation, as well such as fall under the judiciary article in the constitution, as those falling immediately under the legislative article; and if the partial enumeration of objects in the legislative article does not, as these gentlemen contend, limit the general power, neither will it be limited by the partial enumeration of objects in the judiciary article.
There are consequences, Sir, still more extensive, which, as they follow clearly from the doctrine combated, must either be admitted, or the doctrine must be given up. If Congress can apply money indefinitely to the general welfare, and are the sole and supreme judges of the general welfare, they may take the care of religion into their own hands; they may establish teachers in every state, county, and parish, and pay them out of the public treasury; they may take into their own hands the education of children, establishing in like manner schools throughout the union; they may undertake the regulation of all roads, other than post roads: in short, every thing, from the highest object of state legislation, down to the most minute object of police, would be thrown under the power of Congress; for every object I have mentioned would admit the application of money, and might be called, if Congress pleased, provisions for the general welfare.
The language held in various discussions of this house, is a proof that the doctrine in question was never entertained by this body. Arguments, wherever the subject would permit, have constantly been drawn from the peculiar nature of this government as limited to certain enumerated powers, instead of extending, like other governments, to all cases not particularly excepted. In a very late instance, I mean the debate on the representation bill, it must be remembered, that an argument much urged, particularly by a gentleman from Massachusetts, against the ratio of one for 30,000, was that this government was unlike the state governments, which had an indefinite variety of objects within their power, that it had a small number of objects only to attend to, and therefore that a smaller number of representatives would be sufficient to administer it.
Several arguments have been advanced to shew that because, in the regulation of trade, indirect and eventual encouragement is given to manufactures, therefore Congress have power to give money in direct bounties, or to grant it in any other way that would answer the same purpose: But surely, Sir, there is a great and obvious difference which it cannot be necessary to enlarge upon. A duty laid on imported implements of husbandry, would in its operation be an indirect tax on exported produce; but will any one say, that by virtue of a mere power to lay duties on imports, Congress might go directly to the produce or implements of agriculture, or to the articles exported. It is true, duties on exports are expressly prohibited; but if there were no arti-
cle forbidding them a power directly to tax exports could never be deduced from a power to tax imports, although such a power might directly and incidentally affect exports.
In short, Sir, without going further into the subject, which I should not have here touched on at all but for the reasons already mentioned,—I venture to declare it as my opinion, that were the power of Congress to be established in the latitude contended for, it would subvert the very foundation, and transmute the very nature of the limited government established by the people of America:—and what inferences might be drawn or what consequences ensue from such a step, it is incumbent on us all well to consider.
With respect to the question before the House for striking out the clause, it is immaterial whether it be struck out, or so amended as to rest on the avowed principle of a commutation for the drawback; but as a clause has been drawn up by my colleague, in order to be substituted, I shall concur in a vote for striking out, reserving to myself a freedom to be governed in my final vote by the modification which may prevail.
Mr. Bourne (Mass.)—Mr. Chairman, I think little can be added after so full a discussion of the subject before you. The object of the first section in this bill, is intended for the relief of the fishermen and their owners; they complain that the law now in force was meant for their benefit, by granting a drawback on the fish exported; this they find by experience is not the case—for they say that neither the fishermen who catch the fish, or the importer of the salt, receives the drawback; and I rather suppose, Sir, it is the case. The owners of the greater part of the fishing vessels are not merchants, neither do they import the salt they consume; but when the fish they take are cured for market, they are sold at the market price; and it frequently happens, that those persons who purchase the fish, are not the exporters of them, or the importers of the salt—but a third person, who purchases with a prospect of selling them at a profit, is the exporter; and when it so happens, neither the fisherman who catches the fish, or the importer of the salt, receives any benefit from the drawback, unless the purchaser (the third person) gives a greater price in contemplation of the drawback, which I think is not to be supposed.
Is it worthy the attention of government that the cod fishery should be preserved?—It appears to me that it is. When we consider the labour and assiduity bestowed on this object by our ministers, at the settlement of peace between us and Great-Britain, and the care then taken to secure this privilege, as appears by the treaty [Here Mr. Bourne read that part of the treaty which secures to us the fishery, he then proceeded] and consider the struggle made to deprive us of this inestimable branch of commerce, I cannot suppose that any one would at this day voluntarily relinquish it, and suffer Great-Britain to monopolize this branch, and supply the Mediterranean, French, and other markets. Great-Britain, at present, enjoys a sufficient portion of this commerce, while France is confined to the narrow limits of St. Peters and Miquelon. If we relinquish this branch of the cod fishery, what is left us?—Our whale fishery is nearly at an end, and unless government speedily interposes by granting relief, we shall totally lose it.—Does not the British government wish to deprive us of this branch also? have not letters or agents been sent to the island of Nantucket, as well as New-Bedford, where this branch of business is principally prosecuted, inviting the whale fishermen to remove, and offering them permanent settlements at Milford-Haven, at the expence of their government?—This must be viewed as a great encouragement, in addition to their bounties on oil, to a class of poor men employed in that business. If the cod fishery is relinquished, the fishermen have only to remove to the opposite shore of Nova-Scotia, where they will find encouragement fully adequate to their services—of all which they are not unapprized. By encouraging this class of men, your revenue will be increased; for in return for the fish exported, you will receive sugar, coffee, cocoa, indigo, molasses, pimento, cotton, dying woods, rum, wine, salt, fruit and other articles subject to duty, and consumed in the country.—And again, your treasury will receive an excels by the provision in this bill—for I presume the greater proportion of vessels employed in this business, are from 20 to 40 tons—the town of Marblehead, perhaps, have principally large ones. Suppose then a vessel of 30 tons obtains in a season 600 quintals of fish (a very moderate voyage indeed) her tonnage is 75 dollars, the drawback on exportation would be 78 dollars, so that your treasury retains three dollars gain by this bill, which would be a loss on the drawback.
Mr. Chairman, I think, upon the whole, that by granting this encouragement to the fishermen and their owners, held out in the bill, would prove very beneficial to the United States, I hope therefore the section before you will not be struck out.
(TO BE CONTINUED.)

SATURDAY, MARCH 3.
The committee, to whom was referred, on the 23d of February, the following motion:
"Resolved, That the Secretary of the Treasury cause to be laid before the House a statement of the balances, if any, remaining unpaid, which may have been due by individuals to the United States, previous to the 4th day of March, 1789; and whether any and what steps have been taken to recover the same; and also a statement of the sundry sums of public monies, which may have been entrusted to individuals, previous to the said 4th of March, 1789, and have not been accounted for;"—made a report, which, after stating to the House the various circumstances that had struck them in the examination of the treasury books, they concluded by declaring as their opinion, that it will be impossible to obtain the report of the state of accounts contemplated in the above resolution, during the present session, without greatly retarding the current business of the department; and that it will be inexpedient to take any resolution on the subject matter of the resolution referred to them.
Mr. Goodhue, from the committee appointed, reported a "bill for enrolling and licensing ships and vessels employed in the coasting trade and fisheries, and for regulating the same."
Mr. Findley presented nine petitions from the inhabitants of Chester county, in the state of Pennsylvania, praying a revision of the Excise-Law.
The House proceeded to the consideration of the amendments offered by the Senate, to the "bill to ascertain and regulate the claims to half-pay and to invalid pensions."—Some they agreed to, and disagreed to others.
Mr. Secretary Lear delivered a message from the President of the United States, together with a copy of the return made to him of the number of the inhabitants within the district of South-Carolina.
A report from the Secretary of the Treasury, respecting compensations to the commissioners of loans, was read and referred to a select committee, consisting of Messrs. B. Bourne, Mercer, and Tucker. Adjourned.
MONDAY, MARCH 5.
A letter from the Secretary of State, covering certain acts of the government north-west of the river Ohio, was communicated by the Speaker, and read—and on motion, referred to the committee to whom those before received were referred.
Mr. Grove, of the committee appointed for the purpose, reported a bill providing for the finishing the light-house on Bald-Head, at the mouth of Cape-Fear River, which was read the first and second time, and made the order of the day on Tuesday next.
A report on the petition of the officers of the levies late in the service of the United States, was read, which was in favor of the prayer of the petition.
The House took into consideration the amendments proposed by the committee of the whole to the militia bill. Some of them were adopted, others disagreed to—several new amendments were made, and the bill ordered to be engrossed for a third reading.
A message from the Senate informed the House, that they have passed a bill providing for the relief of certain widows, invalids, orphans & other persons, with amendments, in which they request the concurrence of the House.
A message was received from the President of the United States by Mr. Secretary Lear, communicating to the House the translation of a letter from the King of France, announcing his acceptance of the Constitution of that kingdom.—These were read and laid on the table.
A message from the Senate informed the House, that they insist on all the amendments proposed by the Senate to the bill to ascertain and regulate the claims to half-pay and invalid pensions—and propose a conference on the subjects of disagreement.
A message from the President of the United States by Mr. Secretary Lear, informed the House, that he had this day approved and signed a bill, entitled, "An act making further provision for the defence of the Frontiers of the United States."
A committee of conference was appointed on the disagreement between the House and Senate, respecting the bill to ascertain and regulate the claims to half-pay and invalid pensions—Committee, Messrs. Livermore, Murray and Kitchell.
The amendments of the Senate to the bill providing for the relief of certain widows, &c. were read, and laid on the table. Adjourned.
TUESDAY, MARCH 6.
Sundry petitions were read and referred. A representation from the legislature of North-Carolina, was read, respecting certain lands ceded to the Indians in the Territory South-west of the Ohio.
Mr. Parker introduced the following resolution, which being seconded, was laid on the table—viz.
Resolved, That the Secretary of the Treasury be directed to report what money, if any, now remains in the treasury, of appropriations made previous to the year 1791—distinguishing what sums remain of the respective appropriations.
Mr. Williamson laid the following motion on the table—That a committee be appointed to report a bill to amend the impost law, so far as to permit the landing of salt at certain warehouses belonging to the fisheries—and to provide for the allowance of a drawback on the salt used on provisions exported.
The militia bill was brought in, engrossed, and read the third time.
Mr. Vining then moved that the bill should be re-committed—This motion, after debate, was negatived—28 to 27. The House then proceeded to fill up the blanks—which being completed, the ayes and noes were called on the passing the bill—and were ayes 34, nocs 27.
Mr. Gerry reported a bill for reducing the rates of postage on newspapers—this bill proposes a reduction of the postage to one half the rates in the post-office law.
A report was read from the Secretary of the Treasury, respecting the difficulties which have occurred in the execution of the excise, &c. and 100 copies ordered to be printed. Adjourned.
BOSTON, Feb. 22.
LEGISLATURE OF MASSACHUSETTS.
House of Representatives, Feb. 21.
A Bill to incorporate Henry Knox, John Coffin Jones, David Cobb, Benjamin Hichborn, and Henry Jackson, Esquires, and such others as may associate with them, for the purpose of opening a navigable Canal from any part of Connecticut River, to communicate with the town of Bolton, was read a first time, and ordered for a second reading to-morrow, at 4 o'clock, P. M.
FROM THE CONNECTICUT COURANT.
Messieurs PRINTERS, I AM a man of nature—my ideas are not twisted by the sophistry of government-makers; yet I am for government, and here is my plan. I have followed nature, and that sense which nature has implanted in every man. I would have a government, but it should not govern me—that is my first article. My second is, I would govern every body else according to my pleasure. Here is a plan of three parts, as it should be and which follows nature; whereas every other scheme thwarts it, and may be truly said to be against nature. I am clear against an Excise, therefore I would not submit my property to any authority.—As to my person, hands off. Am I to be dragged about in the militia? or in the wars? or to answer my creditors (worse than Indians) in the law courts? No. I am a freeman—and shall government, a creature I have made and pulled to pieces twenty times, lord it over me? No, Messieurs Printers, I give the world notice that I will fill the newspapers full till government haul in its horns, and regulate its measures by my three articles of natural law. I will rail against the debt—the army—the war—the bank—the Excise—the P—t—the heads of departments. I will cry out re-pub-li-can-ism and the rights of man, by which I don't mean the laws of the land, nor equal government; but a government agreeable to my three articles. I will hold forth loudly about republican virtue and equality—I will inveigh mightily against public faith—when I am tired of going on foot I will get up and ride on consolidation. The state governments shall be so wise, so pure, so free, so modest and so much in danger, that I will advise the small states to take away power from Congress and give it to the large states. Congress and the public officers shall be painted like devils, except there should be found any of them who are among us who write in the newspapers, like Caius, &c. these I will praise in poetry and prose. In my next I will send you a new song, in which some of my heroes are celebrated, to the tune of Oh my kitty, my deary. WHISKY.
Philadelphia, March 7.
ORIGINAL COMMUNICATIONS.
It is hardly possible to conceive that a more favorable opportunity than the present will ever occur of establishing free schools in this commonwealth. The public Treasury is full and flowing; so that pecuniary aid can be immediately afforded if necessary, to as great an amount as may be expected at any future period. But it is presumed that disbursements from the public Treasury will not be necessary. It may be questioned whether on the plan of County Schools appropriations of this kind, would be equitable or just. The income of the State applied to discharge its debts, support the government, and for other general purposes, so far as it goes, will supercede the necessity of taxation for those objects: the way then appears to be fairly open for an universal tax to support an universal plan of education, so far as to comprehend READING, WRITING, GRAMMAR and ARITHMETIC.
It ought to be taken for granted by all legislative bodies that the people will be pleased with measures which reason and experience shew will conduce to their interest—but, the public sentiment is, and must continue to be in favor of a general diffusion of knowledge—this they know cannot be obtained without expence; and the supposition ought not to be made that they would not cheerfully incur it, much less supercede an experiment in the case.
The establishment of county schools or ACADEMIES, will not be of universal utility—they will benefit the more wealthy part of the community—and by the accommodation they afford to this class, will lessen the number of those who feel interested in a more general plan—and, in the same proportion, procrastinate the period when a system for the poor as well as the rich, shall be adopted.
It is an imputation on the good sense of the people, to suppose that they would not with cheerfulness pay a tax for the support of learning—for it must occur to them that the rich will pay more than their proportion, when they consider that the major part of children are the inheritance of the poor and middling classes of citizens.
The plan of education here contemplated is, that every person who pays a tax, however small, shall have an equal right to the benefit of this free and universal institution.
The wealthy are interested peculiarly in this work of benevolence; for the knowledge of the people is the security of tranquility under a just government—without knowledge, they cannot appreciate the value and importance of government—and hence the possessions of the rich, among an ignorant people, are held by a very precarious tenure—unless the people are slaves.
The poor and middling classes are deeply interested in this public provision for the education of their children—For it is tantalizing to say that there shall be no distinctions of ranks, or exclusive privileges—and that the avenues to the posts of honor and profit under the state and general governments, shall be accessible to all, without distinction, who possess talents and virtue—while the paths of learning are not, and cannot be trodden by the poor.
There is a double security to the liberties of the people derived from their being well informed—The first is, it leads legislators to be cautious in enacting laws, lest they infringe on the rights of man—and secondly, it enables the people to discern the more speedily those errors or designs of an administration which have an unfavorable aspect on the public interest and happiness.
Some old fable tells us, that Jupiter was so much teazed by the prayers of mankind, that at length he resolved to grant them whatever they asked. But the spirit of discontent was so far from being allayed by it, that it broke out in murmurs more than ever. If this tale were of modern date, we should believe the author had intended a sting at us.
Some time ago, before the new government was put in motion, all the cry was—we are a poor distressed nation—there is no money, &c. The revenue and finances are put into order, credit is revived, and money is plenty—and now the cry is louder than ever.—We are too rich to be free.—Money is too plenty—the people will not work to earn it.
The Lansingburgh paper says, that on the nomination of the Hon. Judge Jay, and Mr. Van Ransellaer, as Governor and Lieutenant-Governor of the State of New-York, at a large meeting of the citizens of Albany, only 5 dissentients appeared—and that the same unanimity in their favor appeared in every place from whence information had been received.
PRICE CURRENT.—PUBLIC SECURITIES.
   FUNDED DEBT.     6 pr. Cents 25f pr. 7. 125 pr. cent.   3 pr. Cents 14f 6 do. 72 1/2 do.   Deferred 6 pr. Cents 15f do. 75 do.   UNFUNDED DEBT.   Final Sett. and other Certificates 22f do. 110 do.   Indents 14f do. 70 do.   half shares Bank Stock—105 per cent premium.  
CONTRACTS.
TREASURY DEPARTMENT, March 6, 1792.
NOTICE is hereby given, that Proposals will be received at the Office of the Secretary of the Treasury, until 5 o'clock in the afternoon of Wednesday the 21st day of March instant, for the supply of the following articles of Clothing for the Troops in the service of the United States, viz.
For the INFANTRY and ARTILLERY.
   4,608 hats 18,460 shirts   4,608 coats 7,956 pairs of socks   4,608 vests 4,608 blankets   8,668 woolen overalls 4,608 stocks   9,216 linen ditto 4,608 stock clasps   18,376 pairs of shoes 4,608 pairs of buckles.  
For the CAVALRY.
   320 caps 640 do. of stockings   320 coats 1,280 shirts   320 vests 320 blankets   320 pairs leather breeches 320 stocks   640 do. of boots 320 stock clasps.   320 do. of spurs  
Also, 1,200 rifle shirts, to be made of Russia sheeting.
Of the above clothing, five hundred suits are to be delivered on the 15th day of April next; one thousand suits on the 15th day of May next; one thousand five hundred suits on the 15th day of June next; and the remainder on the 15th day of July next.—The place of delivery may be either at New-York, Philadelphia or Baltimore, at the option of the contractor or contractors.
Proposals will be received for the whole of the above mentioned clothing, or for any one component article separately; to be furnished agreeably to patterns or specimens, which may be seen at the War Office.
Good security for the punctual and faithful performance of the contract will be required. The payments will be on the delivery of the clothing; or, if necessary, such reasonable advances will be made as may be desired.

PRICE CURRENT.—PHILADELPHIA.
PER QUANTITY.
MARCH 6.—DOLLARS 100 Cents each
Table listing various goods and their prices, including ANCHORS, Allum, Ashes, Arrack, Brandy, Boards, Beef, Butter, Candles, Cheese, Chocolate, Cinnamon, Cloves, Coal, Cocoa, Coffee, Copperas, Cordage, Cotton, Currants, Duck, Feathers, Flax, Flour, Fustic, Gin, Glue, Ginger, Ginseng, Gunpowder, Grain, Hemp, Hides, Hops, Hoghead hoops, Indigo, Irons, Iron, Lead, Lignum vitae, Logwood, Mace, Mackarel, Madder, Marble, Malt, Molasses, Mustard, Mahogany, Nails, Nutmegs, Oil, and various types of wood and sugar.
IMPERIAL HYSON, SOUCHONG, and BOHEA TEAS, REFINED SUGARS, COFFEE, & SPICES, &c. &c. Of the first quality—by retail, No. 19, Third-Street, between Chestnut and Market Streets.
Joseph Anthony, & Son,
HAVE FOR SALE,
At their Store, No. 5, on Chestnut-Street Wharf, A FEW puncheons choice old Jamaica Spirits, Grenada, St. Kitts and Nevis Rum, Port-au-Prince, Cape-Francois and Surinam Molasses, Coffee, Cotton, and Pimento, Hyson and Souchong Tea, of the first quality, Cloves, Cassia, and Boston Chocolate, Spermaceti Candles and strained Oil, Salmon and picked Mackerel, Boston Beef and Burlingon Pork, Russia and Boston Canvas, A few bales excellent Hops, Myrtle Wax Candles, St. Martin's Salt, Madeira Wine, in pipes, hogsheads and quarter casks, And a few cases old Batavia Arrack.
February 8, 1792.
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To be SOLD peremptorily, at PUBLIC VENDUE, on Wednesday the 11th day of April next.
THE SEAT of the late Doctor Lewis Johnston, deceased, in Perth-Amboy, containing TWO HUNDRED ACRES of LAND.
This place is bounded southerly for near a mile on the river Raritan, where it empties into the bay about 18 miles from Sandy-Hook, and affords two most agreeable situations for Gentlemen's Seats. There are now on it, two brick houses, with gardens, and a good collection of fruit trees of the best kinds. The land is very fertile, and a great part of it very good meadow; and from its situation on the river, has the advantage of fish of different kinds, in their seasons, particularly of oysters and chicken clams, which may be picked in great plenty on the flats before the doors. It is a delightful, healthy situation, capable of genteel and tasty improvements; and as Perth-Amboy is one of the best sea-ports in the United States, and within 18 miles of the sea, the prospect of its increasing in value from that circumstance, is by no means inconsiderable.
There will also be sold, other Lots, within the bounds of the city, and about Five Hundred Acres of Land on the opposite side of the river Raritan—part of which is improved by a farm—on which there is a framed dwelling-house and barn, with an orchard of grafted apple trees, and will contain about one hundred and fifty acres; the remainder will be sold in convenient lots, well wooded and timbered, and very convenient for supplying New-York and other markets with fire-wood, timber for ship building, and other uses, the transportation by water being easy and safe.—The conditions will be made known at the day of sale, and the requisite conveyances made by
JAMES PARKER and } Trustees to the said Estate. BOWES REED, }
Likewise to be SOLD, at the same time and place,
ELEVEN ACRES of LAND, adjoining the above, the property of the Proprietors of East New-Jersey, whereon the proprietary house lately stood. The elegant situation of this spot is hardly to be equalled; it affords a grand prospect of Raritan Bay, and of the Bay formed by the waters of Raritan and Hudson's rivers, where they disemboque into the sea to the East—and a most delightful one of the serpentine course of the Raritan river, for several miles, through a rich tract of meadow to the West. The great quantity of stone neatly dressed, and brick, the remains of the house lately burned, will be nearly sufficient for a new building; and a large stone cistern, and well of excellent water, with a very convenient stable and coach-house, will greatly lessen the expence of putting the place in order for the residence of a Gentleman.—There are few situations so eligible, particularly in the summer season—when the cool sea breezes, and the elevated situations, render them places of pleasing retreat, from the confinement and sultry air of the southern states and neighbouring cities.
Perth-Amboy, Feb. 15, 1792.
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TO BE SOLD AT PRIVATE SALE,
ALL the landed estate of GEORGE WARNER, deceased, consisting of a valuable Plantation and tract of Timber Land, supposed to contain between four hundred and 450 acres, about 90 of which is plow-land and 15 of drained meadow. There is on the farm a dwelling-house and kitchen, a cooper's shop and a large barn; a well of water at the door, a good apple orchard. The house stands close on a good landing, belonging to the said premises; the rest of the land is well timbered and lies within one mile of said landing, and an equal distance from a saw-mill and grist-mill and also of Quinton's Bridge, bounding on the Main, Allaway's Creek, in the county of Salem, five miles from Salem Court-House.
Any person that is disposed to view or purchase the said premises, may see the place and know the terms, by applying to the subscribers near the same.
MARK MILLER and } Executors. ANDREW MILLER, }
Salem County, 2d mo. 13th, 1792.
N. B. There is likewise a lot of Meadow ground of about 25 acres, adjoining lands of Abbott Sayres, and others, the property of said deceased, to be sold in manner as above, by the said executors.
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TO BE SOLD AT PRIVATE SALE,
A VALUABLE PLANTATION, the title indisputable, in the county of Gloucester, supposed to contain five hundred and forty acres of Meadow Land and Cedar Swamp, situate on a branch of Little Egg-Harbour River, in the township of Galloway. There is on said premises a frame house and kitchen, a small hay house and stable. About sixty acres of the land cleared, and about one hundred and ninety of woodland, and a cedar swamp, chiefly well timbered, and about 300 acres of meadow (interpersed with fresh water flowing streams) sufficient to supply one hundred head of cattle.—The situation is allowed by judges, to be capital for raising stock.—Any person inclining to purchase said Plantation, may have possession from the 28th of March ensuing. The terms may be known by applying to the subscriber, living at Quinton's Bridge, in the county of Salem; or a further description may be had, by applying to Richard Wood, senior, in Greenwich; or Joseph Sloan, Surveyor, near Hattonfield; or of James Scull, adjoining said lands.—The place above mentioned, is a pleasant healthy country, within two miles of three grist and saw-mills: And three houses appropriated to divine worship, are about the same distance. Terms of payment made easy, by
ANDREW MILLER.
Quinton's Bridge, Salem County, 2d mo. 13th, 1792.
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MILITIA FINES.
THE Collectors of Militia Fines in the City and Liberties of Philadelphia, and the districts of Moyamensing and Passyunk, are hereby required to collect and pay into the County Treasury, all arrearages of fines, and to settle and deposit their books and vouchers in my Office, at No. 61, Walnut-Street, on or before the first day of April next.—Wherefore Notice is given, That immediately from the said first day of April, all Collectors who shall fail in complying with this requisition, will be proceeded against according to law.
THOMAS PROCTER, Lieut. of the City and Liberties.
Philad. Feb. 25, 1792.
The JOURNAL of the THIRD SESSION of the SENATE of the UNITED STATES, may be had of the Editor hereof.
American Lead Manufactor.
STEPHEN AUSTIN, & Co.
HAVE just now opened their LEAD-WAREHOUSE, two doors south of Walnut-Street Wharf, adjoining their New Factory—where they have now made, and ready for sale, a general assortment of SHOT of all sizes, with SHEET and BAR LEAD, the production of the Mines in Virginia. As they have employed a number of experienced English workmen, they warrant it to be equal in quality to any manufactured in Europe, and at a reduced price from the cost of imported.
They also continue to manufacture all the above articles at Richmond, in Virginia. All orders addressed to either of the above Factories, will be thankfully received, and executed on the shortest notice.
N. B. Wanted, industrious, sober, Labouring Men, at the said Mines, where constant employ, good wages, and other encouragements will be given, means of conveyance being provided, and houses for their reception.
For further particulars enquire of Messrs. Moses Austin & Co. at their Factory in Richmond, or as above.
Philadelphia, December 3, 1791.
Disrael Swamp Canal Company.
PROPOSALS for cutting a Canal from the waters of Elizabeth River in Virginia, to those of Pasquotank in North-Carolina, or for conducting the work, will be received until the ninth day of April next, by Robert Andrews, of Williamsburg; Thomas Newton, jun. and Daniel Bedinger, of Norfolk, in Virginia; by John Cowper, of Gates County; and Benjamin Jones, of Camden County, in North-Carolina. The length of the Canal will be about sixteen miles; the country through which it will pass, is swampy, free from stones, and covered with heavy wood. The Canal is to be thirty-two feet in width, and eight feet at least in depth, below the surface of the earth, and capable of being navigated in dry seasons, by vessels drawing three feet water.
Good security will be required of contractors; and persons making application to be employed as managers, must produce certificates (from characters of respectability) of their qualifications for a business of this kind.
By order of the President and Directors, WILLIAM A. BAYLEY, Clerk. Norfolk, January 21, 1792. [ep1ga]
S A L E S
Of the real Estate of JOHN KIDD, late of the Township of Bensalem, in the County of Bucks, Esquire, deceased, pursuant to the Directions of his last Will and Testament.
ON Tuesday the 27th of March next will be exposed to Sale, by order of Public Vendue, on the premises—One exceedingly valuable and highly improved Farm, containing about two hundred and ninety-nine acres, situate on the river Delaware; on which is erected a handsome two-story brick house, with a new piazza in the front, two kitchens, a good barn, stables, hay-house, and other convenient outhouses. A good orchard of the best kind of grafted fruit, now in its prime; a large garden well fenced in, and in good order; and a shad and herring fishery before the door. This place is remarkably well timbered, has a sufficiency of meadow, a large front on the river, and runs back to the post-road.
One other very valuable Farm, adjoining the above; containing about two hundred and seven acres, the greatest part of which is wood-land. There are on this farm a good house, barn, stables, and other outhouses, with a young thriving orchard of the best grafted fruit, and a shad and herring fishery. It has long been a well accustomed tavern; and the ferry belonging to it, known by the name of Dunk's, is noted for being well kept and much frequented. Both the above places afford the best prospects on the river, and are remarkably healthy.
One other small Farm, containing about sixty-three acres, situate in the township of Southampton, in the county aforesaid; on which are erected two log-houses. There is a small orchard, and a great sufficiency of wood-land and meadow ground.
One Lot, containing four acres, situate on the great post-road leading from Philadelphia to New-York, and ten miles from the former. On it is a good log dwelling-house, and work-shop adjoining, with a well of excellent water at the door: now in the tenure of the Widow Ward.
Also, at the same time and place, will be sold all the remaining Stock, Household-Furniture, Farming Utensils, and Wheat in the ground.
N. B. The conditions of sale will be, one-third of the purchase money to be paid down, and the remainder in two yearly payments with interest.
JOHN SWIFT, } JOHN M. NESBIT, } Executors. SAMUEL BENEZET, }
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A LOTTERY,
To raise the sum of £ 750 for the purpose of repairing the Protestant Episcopal Church in the city of New-Brunswick, agreeable to an act of the Legislature of the State of New-Jersey, passed November 1791.
S C H E M E.
Table showing the distribution of prizes: 1 Prize of 2000 Dollars is 2000, 1 Prize of 1000 Dollars is 1000, 2 Prizes of 500 Dollars is 1000, 5 Prizes of 200 Dollars is 1000, 10 Prizes of 100 Dollars is 1000, 30 Prizes of 50 Dollars is 1500, 90 Prizes of 20 Dollars is 1800, 1675 Prizes of 4 Dollars is 6700. Total: 1814 Prizes, 3520 Blanks. Total: 16000.
5334 Tickets, at 3 Dollars each, is 16002 Dolls. This Lottery is composed of 5334 Tickets, not two Blanks to one Prize, and subject to a deduction of twelve and an half per cent. which is more favorable to adventurers than any Lottery yet offered to the public—and it being of such evident utility, that it cannot be doubted but the undertaking will meet with the most liberal support.
The drawing will commence on the second Monday in April, or sooner if the Tickets are disposed of, in the city of New-Brunswick, under the inspection of Col. John Bayard, President of said city; James Parker, Esq. Mayor of the city of Amboy; and Archibald Mercer, Esq. Deputy Governor of the Manufacturing Society of New-Jersey.
Tickets to be had of the following persons, who are duly appointed Managers, are under oath, and have given security for the faithful performance of their duty.
A list of the fortunate numbers will be published, and the prizes paid immediately after the drawing of the Lottery.
JOHN PARKER, } PETER KEENON, } Managers. ANTHONY W. WHITE, }
N. B. Those prizes which are not demanded within six months after the drawing of the Lottery, will be considered as a generous donation to the Church.
New-Brunswick, January 20, 1792.
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The price of this Paper is 2 Dollars per ann. One half to be paid at Subscribing.