Rhode-Island Republican. [volume] (Newport, R.I.) 1801-1806, 1802-06-19

AN RCT tt
Making proviGon for the redemption Of the
whole OF tho Public Dcbt Of the United Sta,cs.
DEE sx4ta<S BY ibs Senate and HssJS ~ Re-
ID p,ejssfai ispss of sbe Usissd or Ams-
v,ea ;s Csse,sjf e0smblsd. That 20 much OF The
duties on melchaodize and tonnage as, toge,hse
with The monies o,her than furpluhes Of q. enue,
which now eonttitu,s the linking fond. or ihslI
accrue TO il Ivy virtue ct any p,oviGoos here
totose made, & together with the frms snnolly
sequired TO diiehargc the annnsl iniereh AID
charges sccruing on the prefen, debt Of The
Uniied States, including temporary loans here
tofofe Obtained, * zifo future ioans hich may be
made for reisnbusliDg. or rcdeenioe, sry inaal-
mesn, or parts OF the principal # the iaid debt.
&iIl amoIat 10 an anonsl tom oi irven millions
three hunaied thoufand dollars. be, and the fame
hereby Is yearly appropriated 10 she faid fund
and the faid iums are hereby declared 20 bc vehrd
IN rhs commifiopes OF she hnk,ag fund. in tho
kne naaupes 20 the monies heretofore appso-
psiased 20 the laid fund. 10 he srp6ed BY she
faid cumm.fSonsr 60 the pa, aashs of intsre&
and charges. aud 20 the rsinbo nrmenr' or re-
demp,ion OF the principal Of the public debt,
and ihail Ss and coptirre appropriated until the
whole Of Tie ptcfsns deb, OF the Uni,e. States.
and The loans which may be made for reimbulEog
or Iedceming any parts or inaslnenp Of the
principal OF the iad debt, fhall be reimburfec
and redeemed: P,Ss,asX, that after the whole
OF The fsid debt. the old lx per cent. Auck. the
deferred flock, the icyenteen he.died and ming
ty-hx FIX per cent. flock and three per cent. Rock
excepted, fhall have been reimburled OF uedeem-
ed, any balance of The fums annually appropri-
a,ed by this sft, which may remain unex rrnd-
cd ., the cod IL Gx inoS.hs mex, luecesdine the
end of the calendar year to which fueh annual
appropriation refen, fhall te carried to the
saiplus fund, anc ceale TO be vsaed by virtue Of
this act in the comminioDers of The Gokiog
fund, AID the appropriation. 10 far as relates u
.fuch uDespended balance. fhaii cesfe ard deter-
mine.
Sec. i. Asa Be- IL Jsnber es~aeI. That il
fhall he the duty Of the Secretary Of the Tfrsfu-
~ annually. and in each ,ea', TO csuie to be
paid TO the commflioneIa Of the 6nkrg fund
The faid fom Of ityen millions three hundred
thoutsnd dollars, in fuch pay meme; and st iuch
times. 10 each year. a. the Gtoation OF the trea-
fu,y will permit P,evidt6, that All fuch pay
mcnu as may be nec,GaIy to enable The faid
tommiiionefs to difcharse, OF niniburie, any
demands aganf the Uhiied Sts,es, an account
of the principal or in,eIeA OF the debf, which
ihan be actually dues ~ conformity 10 me en-
Pseernepts Of the laid fstes, fhsIl be made az
ioch tine and ,imes. in each yesr,ss will enable
the isid commiGiooen faithfully and puntiualy
10 comply With foch engagement.
Sec. 8, AsS BE- IL Isnbes sssded. That all
reimbuSiemsn's OF the capital, or principal. Of
the pfslcnt debt of the United States, including
fufore loans y heh may be made fof ieinburi-
Ing or sedeeming any inasIments, or paris Of
the fame. and al payments on account Of the
inteuA and charges scefuine ppon the Gid debt
f,sIl be made under the fSperiniendsrce Of the
comm,fEonep Of the GnKing fund. And il nall
be the duty Of she laid commiEoness to esufe to-
be applied ard plid ost Of ihe isid fund, yearly
and every year, st Inc frsfory Of the United
Statcs, the ieveral and refpe<iive fans follow
ing ,,o wit 6rit, fuch fon and foms a. by vir-
toe Of any stt or stts, they have heretofore bcen
diretled 70 apply and to pay Secondly, iueh
fsm and funs a. may ne annually wsufed 10
difshsree the annual inseref aid charges accrv-
ioe on any other part Of he preien' debt Of the
United stsses, including the iniena aod cbsrgss
which may accrue on future leans whish may ~