Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-04-09

on provides thar she fun Of 1880, oco.
dolls. Tall &, apIropsia ed TO she sihk,ng
Fund yearIy, TO be applied to the psy-
.nent OF msefelt AID charges, and TO the
REIMBURSEMENT asdreden ption Of the fr'n-
cipal OF TIE. public debt and IN the fame
fiction there is a pfovifo, thar. after The
whole OF the iaid debt (except The s PER
cent flock, she deferred flock the go tx
perct. fcSk, & The 3 per cent ltock lhalf
have been 5eimbuned or redeemed any ba-
lance IF TIE Jams arnaalJ ebfr2frf4t<3
b. ibis al remasa,ng unexfenafa al re
exbirut0a.of tx monks neas lucceed'ng
roe end Of the Calsrder year TO which
fueh annual appropriation refers, ,@aH o.
earried to The /uyblas fua8.' Now llf,
faid Mr.. N. | beg leave to ak if this pso-
vito conemplates that the whole fun ct
iesen million three hundred tslocfand dol
lars fnsll be applied TO the difcharge Of
debts actually due (;hough not payabie)
in any one Calender year; or in other
words between the lit Gay OF January and
the 3iG Of December Does it not fup-
pofe that balance OF the 1850, 600 dolls.
may remain in the hands of the commit
fionsrs Of the Gnking fund a, the expi.a,i
en- CT the year, & does it not provide that
after certain ipeci,s Of debts are exsin-
guiihed, that fuch balance fall go 10 the
turpios fund at the expiration of fix months
after the end Of the year, Ifske confruc-
tion Of the gentleman is correa tie pfoYi-
20 is ahfard il is a perfect nulli'y 10 it.
ielf. The pfoviio in fatf does fnppcfe
that balance Of the 1900, 600 dolls.
may remain after diicharg.ng all The de-
manls which canbe made againf the y
n;ied States in any enc year, AID does
leave tina, balance in The hands CT the
commiaioncrs 10 be applied in fuch manner
as they think proper, until the wholc
debt is cxtirgnihcd, exaept thofe KINDS
which have jutt been mentioned. What
then Cir, has been the conduct of the COM.
m:ilioness fthe fs'king fund They have
reimbu!fed all the principal both Of the
foreign and dcmeitic debt, which was
payable in The year 1902, they have paid
all the intere!t which was due in that year,
the two amounting TO 6,5r1,97o dolls.
go cents and finding balance in their
hands after difcharsing all The demands
aoain} the government, which could be
made for that year, they have applied that
balance amounting to 749,oI9 dolls. 80
cents, together with the farther fun of
7sq,2Sz dolls. 20 cents 20 the Purchsie OF
bills Of exchange on Holland in order to
meet the debt CT the next year.
In order farther TO flew that this was
the intention fthe law IT may he well TO
refer TO the documents Of the lah year
upon which the law was paiied. II has
been already feen that the legal demands
sgainf the government for 1902 could
not exceed the fun of dolls o.gS2,97o
90 cents yet it was deemed expediens TO
appropriate the fun of dolls. 7, 500, 600 or
uOk3. T47so!S 70 SSHts nioic tlldu Tie
amount of the demand. Will any gentle
man now be 70 otliging as to inform me
why this excels OF appropriation was
made. Sir, the realon is plain and OBJ
vious. 1t was that the Commifioners OF
the Sinking Fund, might in each year
have in their hands, fuch fun, after df
charging all legal demands againit the
government for that year, as would ens
bic them TO make the necehary advances 10
meet the Dutch debt in the next year, il
cafe the fate of The trcafury llould no
authorize the d;fbusfemcnt of more money
under the I'd fiction Of the att to prove
thar this was the idea at the time, / beg
gentlemen TO refer to the fareInen, fRl
accompanying the report of the Secretary
of the trsafnry lae year upon which i.
will be acknowlet sed that this law was
pafed.
ito be Ceutisued. ]