Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1802-05-14
Tae. q WHOLE DEBT !"

ceedingS VI TIC ANuSt"A @1e6
aeveloped another great feature of the
:. ,,aabh1na', fyaem. An aet has paf-
Il ,he lioule of Representatives, " max.
sq tro4a;Goa t5r tie redempfioa ef he
WHoLE DEBT Of the Uuitea States, :
Sc. The democrats, when out power,
declared their indifpohtion to every on
necsGary or wanton increaie OF debt, ac-
rompauied by tolemn defre, by nea-
1ares the mott efeetual, 10 dirninifh, and
ultimately 10 extingaifh the exiting debt.
Thele were their prgs5'oaf. The public
are now poaeGed Of their 4Rs;; and tie
mott perfect barmoay is found to iubftt be-
tween them"
In The Ath fiction of this bill for re
deepaipg the WHOLE DEBT of the U.
States, we read:
/" That the commiflioners of the fink
inc fund be, and they hereby are emPow
cred re- with the appreciation Of the Preiidens
of the United States, as any initalments or
part Of the principal of the Dutch debt be-
come due, TO borrow, on the crcoit OF
the United States, either in America or
abroad, by re-loap, or Prolongation Of
the loan heretofore obtained, or by new
loan, the fums requifJc for the payment
of the faid in6alment. or parts Of princi-
pal: Preceded, That the United Stares
hall have a right 10 reimburfe any loan
thus made within FIX years after the date
of the fame; and that the rate of interef
thereupon ihail not exceed fveper centum
per annum, nor the charges thereupon the
rate Of i've fer centum on the capital bor-
rowed."
In the 9Th fiction of the bill for paving
the WHOLE DEBT, We read again:
"That for the purpoie of more eaec-
tually iecmins the reimbursement of the
Dutch debt, the eonlmifhoners of the fink
ing fund may, ard they hereby are en-
powered, with ths approhation Of III, Pre-
fdent of the Unilsst States, TO CONTRACT,
either with the ban ofthe Uaised States,
or with any other public infitution, or
with individuals, fer the payment in Elol
land, of the whole, or any part of tie
principal of the fad Du1ch debt, and q
the interef and charges sccruirg on the
fame, as the iaid demands become due, or
iuch terms as the iaio conmifiioners NAL
think mott advantageous tethe u. States !;
or 10 employ either the faid bank, or any.
Other pdhIIe irtitution, or any indiyidu.
alor individuals, as agent or agents, for
The Psrpoie Of purchafpg bills of ex-
change, OF any ether kind of remittances,
for the purpoieof di!charging the inselef
ant principal of iaid debt, and to ALLOW
toiuoh agent or agents compensation no
exceeding one fourth of one per cent. OF
The remittances thus purohaied or proeur.
( ed them, under the direction of The faio
commdiioners.
Once more-in the 9th fiction Of tbs
bill Tor the redemption of the WHOLE
DEBT. weread
That the comm:aioners of the fnk-
Ing tupd be, and they hereby are empow-
cred, with the APPRECIATION of the Pref
oent ot.the United States, ,oemploy, if
they ihall deem it necefIary, an agent in.
Europe, for the purpole of tranfaeting any
'nehRsis ieiatiye to the difeharge Of the
nateh debt, and 10 the loans authorizec
oy this or any other aft, Tor the purpofe
Of exchanging the fame; and alto TO al
low compeniaticn, nor exceeding three
'aeuiand dollars year, to be paid out of
any monies in the treafury, not otherwife
Appropriated"
Nov let ps note, and bring together
lew particulars contained in this Bill Is
me hrit place the commifIioners Of the
iinkips fund are authorized 10 re- lean tic
Whole OF the Dutch debt, amounting 10
9'coo,coo OF dollars, as fai9 as the initial
MSrlS fhall bacnr,a4.,s,.