Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-04-05

nurchafe of bills is net an immediate pay
nent. but proyiiion towards future.
psvnseat, iuch paFchafes would be excluded
rom tia, authorization IN the law
Not only that contraction is not juaified
BY the Gria ieTfe Of woyds as connect
ed in ,he Ien,ence (; but II il was adopted,
it mutt follow that there did not cxltI,
nor ever had exifed for the phrsfeoloey
Of this fentence is tsufcribsd from pre-
ceeding laws) any authority whatevef IN
the coaaaaitli9ners of the linking fand 70
provide in time Tor the payment Of the
Dutch debt. They maft according 10
that sew roitluttion, be bound IN the ap
plicagion of the furplus of the fond TO an
immedisle payment, aad not be permitted
10 pu.chafe remistrnces for The parpole
of making payment tie enluing year.
For this IS the only claufe which author
ICES the cornmi1iorers TO make sny pay
menr, other than the payment OF The ~
tere& and principal falling due that year
and If it torbids them to make the pur.
chafe Of bills under the appropriations Of
?, 800, 900 dolls. il forbids them alfoge-
Their, there being no words in the clapie,
limiting its effect TO that appropriation.
1t is hardly neceaary TO dweii any lon
ger on the manifold abfnrdities which
mutt flow from this aGumed contraction,
AMI indeed | have 20 time LETT fot any
further obisrvations. Yet would re-
maik that when tie at Paaed frch an ap-
plicstion was contemplated, and that 1t
was fated explicitly that il was neceliaTy
to provide for the payments due IN fiol'
land, at leaf fix months before ii became
due. The fatement tS) arrexed 70 the
report Of the ISth Dec. 1901, which cx
hibited The ef,a CT an annual aPplopria-
ton of 1900, 900 dollars Gu the debr,
was actually predieaied on that iopPofl-
tion..
Permit ne 10 add, that TIE demands il
Holland were 10 ccptldeyabEe, snd ire
difficulties appfehended in procuring tie
fuficient remiitances 70 alarming thai It's
confidently believed thar 10 application
Of the tu,pius monies Of ,he frking tund
could have been more beneficial 10 the
intetefs Of The u. S. than lile Purcf ales
Of ramittaucss which have been made.
The whols cf which was pay able 10 1903,
which was The heaviea year, has been re-
mitted without feloan, and without TIE
employment of az agcns abroad, and be-
ing now 10 much before hand, aFpFe-
bend no lcneel ary difficulties IN pocur-
ing at reaionable rate, the remittances
which lhall be vanted for meeting the
payments OF The following years.
Il has been in,Poilib!t 10 tranfcribe ths
detailed accounts which were required
Dur / eaciole an account (B) ot the pus-
chsfes made in 1901 and 1902, on &C
count of he Dutch debt, fhewing the
prices paid in 1907, and the amount Of
rerl;tgances purcflafed before the If of
Jan, 1868, applicable TO the payment Of
this year. This mutt ital be conildered
as an climate, though ulore correa than
that of the report to the cominltiioners CT
the fnking fund.
| regret the late hour at which the re-
fo.ution was introduced, for no other rea-
fonihan hscaufe il prevents my furnlfhipg
tbs more detailed ACCOUNT which the mover
was dsirous Of obtaining. But | tfuit
that ali the information which was fub-
fantially neccl!ary to meet the object OF
the relolution has been given ard | muf
rely on the indulgence Of tie committee
for the many iInPerteetions which mutt be
attached 10 this hafy communication.
/ have the honor to be,
Respectfully,
Sir,
Your obedient fervant,