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

made ior sei,nbsIEag o. Tttsem,ng soy initial.
meats OF psrn OF The principal of the fsid debt |:
Thirdly, fuch fun snd fums as may annually
be required 20 diichasss soy inaaimeot or part
of the principa! OF the prcienf debt OF the Unit-
ed States, and of say future Iosos which may
be made for reimbur6ng, or diichaTging the
fame. which fhall be sttusiiy doe and demand
able. and which fhall not by virtue of this, or
any othsr act. be renewed OF prolonged, or re-
imburfrd, out Of the proceeds of new loan |:
And ALTO il fhal be the duty of the faid CON-
milIionen 70 caofe 20 be applied the furplus Of
fuch fund az may az any time exit, after fatii-
fying the purpoics aforefsid, towards the fur
ther and 6na! redemption, by payment, or pur-
ehsfc, Of the prelent debt of the UniIed States,
including loans tor the Reimbursement thereof,
temrorary loans heretofore Obtained from the
ba = OF the United States, and shofe demands
sganft the United States, under any treaty, or
convcation, with foreign power, tor the pay
ment Of which the faith Of the United States has
been, or may hereafter. be, pledged by Copgrei:
sPyouidsd, bozueysr, thar the whole, or any part,
OF iuch demands, arifng under treaty. or con-
vehiion, with toreign power. and OF fuch tem-
posary loans. may, al any time. be reimburfed
either out of the linking fund, or. il the 6,uation
of the treafury will pcrmir, DOT OF any other mo-
pies which have been. or may hereafter be- sp-
psopfiated to thar purpofe.
N Sec. 4. Asd be- ii (xrsber ena6sl, That
the commnionsn ef the linking fond be, and
they hereby are empowered, with the appioba-
lion OF the Pse6dent Of the United States. 70
borrow 90 the credir Of the United States, either
in America, or abroad. by Obtaining prolonga-
zion of former loans. or otherwiic, the fums re-
qui6tc for the payment OF the inRalmcnts or
parts of principal of the Dutch debt, which be-
come due In the years one iheuiand eight hum
drd aud three. one shoufsnd eight hundred and
four, one sh.ufand eight hond'ed and FIVE, and
one thoufaas eight hrndIsd and fix and that
fum coz ivseni 70 thar to bc thns borrowed, !,
or rclosned, fhsll be laid out by the comminion-
ers OF the hoking fund. IN the Purchaie or re.
demption Of fuch parts Of The pfefens debt OF the
Uni,ed States, and other demxnds againa them,
a. the commiilioners OF the fnking fund may
lawfully pay, serecsbly 90 the piovi6ons herein
before made. ard as the fsid comm,iIonen fhall
IN th, ia judgment deem moa eapedient, 70 as
20 effect the pay nent, annually, Of tevcn mil
lions, three hond,ed ,houfand dollars, tow yards
the 6nal diicksrge of the whole debt, agreesbly
10 fuch psoyiGoo P,svidsi, Thar the United
States fhal have arghi to reimborfe any loan thus
and thar the rate Of interef theieupon fhal not
exceed FIVE per ceDtom PR AMMAN, nor the
cha'ges ,hereupon the rate OF five per cen'um on
the capital borrowed Ard P,svided Hixoa,s,
That the power herein given ihsll not be con-
Rrued to repeal d'mioiih, or aifett the power
given to the laid comm iiionefs, by the tenth iec
sion Of the sti intiiuled " an act making further
proviiion Tor the fsppon Of pnblie credit. and
for the redemption OF the pablic debit" TO bor-
row certain iums ior the diicharge Of the initial
menp OF the capital. or principal, OF the public
debt. in the manner, and on the terms, prefciib-
cd by the isid feetion nor the power given 10
thsm by an ad cntituIcd an act making pro-
sihon for ,he pay ment Of certain dcbts OF the
Uniled States, TO borrow certain fums and TO
fell the ihaves OF the bank Of the United States,
belonging 70 the United States, in the manner,
On she terms, aud for the pufPoics authorized BY
shc fsid act provided, further, that nothing
herein contained mall be conhrued 10 revive any
ae, or part OF an act, au,horihog the loan Of mo-
ney. and which hath heretofore expired.
Sec. 6. AnJ be IL fiv,bsy esat7ed. That
for the paiposc pt more eAeetually iccuring the
re; crburicGent Of the Dutch debt, the commit
iioners Of the 6nking fund may. and they here
by arc empowered. wi,hshe appreciation OF the
P,cGden, OF the United States, 20 contract, Ell
shcr with tho bank OF rhe uai,ed States, or with
any Other public inAitution. or with individuals,
tor the payment in Holland. OF the whole, or any
part. Of the prinsipal of the iaid Dutch debt,
and of the inWrcA and charges accruing on the
fame, as the faid demands become due, on fuch
icrms az the laid commi0iooer fhall think moa
advantageous to the United States or TO en-
ploy either the faid bAak, OF any other public
inaitu,ioo. or any individual OF individuals. ~
aeeoi. or agents, for ;he porpofe cf pulchafing
blils of exchange, or any other kind Of remit
tsoces, for the pu,pofe OF diicharging the inie-
ref and principal OF isid dcbs. aud to allow to
fuch agent or agents conpeniation not exceed
ing one. fourth Of one per cent. on the remittan-
ecs ,hss purchaied or procured by them, under
The direction Of the taid commiaionen, and as
much Of the doties on tonnage and merchaodi.e
as may he neceaary for thar putpoie ID hereby
Appropriated towards paying the extra allowance,
or commiilon reiultiog from fach tranfattion,
or srsnfatton,, and alfo to pay any deficiency
ariGng from any lOfs incurred upon any remit.
tancc ruvchsfed or procured under the direction
Of the laid commifEoners, for she purpofe Of dif.
charging the principal ard irtere OF the fsd debt.
Sec. 6. hsdbs II fsuttr sssl7sd, Tha,
the cmmiiionen Of the Sinking fund be, and
they hereby arc empowered, with the approba
tion If the Pse(t,eot cf the 1Inssd Stare IN en-