Alexandria advertiser and commercial intelligencer. [volume] (Alexandria [Va.]) 1800-1803, 1803-04-06

inq Que IN the couIie OF me Ffs'eh' }eei
! The. gentleman ieems TO rely upon Con-
Erection which he gives The law OF inc
lai lslIion, and contends thst't was 'i''
auty OF the commialoners 70 pay Tor 1ntef.
ct and principal ofthe debt the Whole
,nounr of feven million three hnndfeS
,houlara dollars within The year 1907
Our Of what fund did he {uPpose the nc
ce{Iary advances were 20 be made ter she
Dutch dcbt falling doe this year, II teey
were bound to pay the whole appropriate.
on within the year 1902, ard The Pur.
cslaie Of bills to meet the debt 10 Holland,
IN 1905 was not coniiderea as payment.
under the petition OF tie law. Ihe
gentleman knows, as does every member
Of rhe hooie, that providon mutt be made
at Leaf tx months beforehand TO meet
that debt. All our efim&tes tell cs3 g !;
all the calculations OF the TreaiurT are
bottomed upon ii; thofe 10 which he has
referred expressly fay 70; at this time we
are Q months in advance, & yet be would
conttfue the law e as TO prevent the CON-
midioners from making the proYiilon.--
The law explicitly directs them TO make
good Encouragement of the public. in the
Hsa place OUT Of tic appropriation. and
the fufpins, after having dope 10, is ap2li
cable at their diicFe.ion. Bot upon this
contraction, the publ: engagements
would be broken. The conmifioness
would fail to perform duty where no
iifcretion is left them, and where the law
allows Discretionary exereile of their
power, that it feems, they would have
none. Mr.. r. saiu, that II appeafed 10
him, the cornm;flioncrs Of The linking frnd
had given tolerabie liberal contribution
TO me law which was paaed in April By
paving 9, 500, 900 dolls. in the coulfe of
that year, If The bank fock were Included
| AID eight millions if il were not. Prev
oes pravi!ion being necelarY for The Dutch
! debr, the commiGioners had taken credit
| Tor be lat tx months OF 1902, and the
| dff fix months of 1903, ipaead OF II
months in the year 1902. BIZ: ii thc
! coutfuttion given TO the law fhsll exclude
| the latt period, credit mutt be given Tor
the p9yments made in the arf FIX months
| of 1902. For if it be iaid that this pay
ment was made out of the bills purchated
! in 1901, and shofe bills are charged in the
ysar ,3or aiii.arsk f,.~~, :Isd FOG in 50
;ar syment due in 1903, mutt aIfo be
credited in the year during which they
! were pu-chafed. If this credit is TO be
/ given when the bills are purchafed, then
this fun Of 5000, coo guildcrs mutt b-
allowed. But if credit is on the other
haad to be given, not at the time OF the
| purcbale, bur when the bills are paid in
| Holland, then gentlemen NUT give Gre
dit for the payments made If the Era tx
months of 1902. And wherefore fhould
! NOT thefe guilders. purchafed i'll 1907, be
Applied III 1903, be credited in the year
1902, as well as tie reimbursement OF the
s PER cent, and deferred itocks, pyable
on the lit Jan. 1903, be credited, as al
Initied by the gentleman from Connect
cur, TO the year 1902?
Mr.. Randolph laii ne would notice tie
objection that the fun 5,9l4,6oo gull
defs mentioned in the 7 h page of tae re-
port was upon climate. The report W as
dated on tie sios February 1903, pur-
chates had been made from Savannah TO
, Portland, and could it be expected that
all the accounts of the agents for making
shofe purchales were even received, much
LET'S fettIed. between the e Of January,
1903, TO which period the Ultimate re-
fers /; aud the third OF the next month.
Thefe bills moreover being applicable
the debt falling due in Holland during
the prefent year, until an account is re
ceived of the FUN actually applied, f5e-
cfying the amount OF the proseited bills
aud this amount fhall have been iesled at
the tresfufy the exact fun cannot be fat