Title: To Alexander Hamilton from William Short, 29 November 1792
From: Short, William
To: Hamilton, Alexander

The Hague Nov. 29. 1792
Sir

I had the honor of addressing you on the 2d. of this month in reply to your letter of the 28th. of August recieved the day before. I was averse to writing to you again before I could transmit at the same time the account I then informed you I had written for to Amsterdam. The commissioners have assured me several times they are pushing forward as fast as they can the general account from the commencement which you have directed, & that they will lose no time in extracting from thence those parts which being posterior to Nov. 1790. regard me. Finding I shall not recieve it for tomorrow’s post which is the last in time for the New-York Packet I determine to postpone no longer acknowleging the reciept of your later letters viz: Sep. 13. Oct. 1. & 16.

Before I leave the subject of the acct. however I must observe that I had until since the reciept of your letter of Aug. 28. really supposed, (I think the commissioners had given me to understand it) that you recieved regular quarterly accounts from them which settled the reciepts & expenditures. I had not made particular enquiry as to the vouchers & their manner of arranging that part with the treasury, but I took it for granted it was to the satisfaction of government as I heard nothing to the contrary from you. I have been perhaps wrong in not examining more particularly into this subject: if so I must beg you to attribute it to my conviction of the inutility of my interfering between the treasury & the commissioners in the settlement of accounts—my aversion to enter further into the business than was absolutely necessary—& my persuasion that you did not expect it. I am convinced no inconvenience will result from my having recieved the subject in this manner & must beg you to excuse it if it has been improper.
In consequence of your letter of Sep. 13. recieved here the 24th inst. I that day gave directions to the commissioners to appropriate the 105,000 florins agreeably to your orders & to give M. Morris immediate notice of it, which they inform me they did by the first post, & which I also confirmed to him by the same.
It gave me personal satisfaction to find from your letter of Oct. 1 that the late revolution & suspension of the King in France had struck you in the same manner which it had done me, as to payments to that country. That which was made & about which I have so often troubled you & with so much prolixity, though made against my own opinion, & only from respect to that of M. Morris, I find he would endeavour to establish as my act, if any question were to rise on it—& this on the ground of the delay from the 17th. of Aug. to the 5th. of Sept.—& a bill being taken instead of a reciept—circumstances which I explained fully in my letter of Oct. 27th. to you.

I am persuaded at present however no question will arise on the payment & therefore I will not trouble you farther. M. Morris says now if the payment had been made on the 17th. the U.S. should have credit from the 6th. of Aug. although at present credit is given only from the 5th of Sep. the day of the payment being effected. I know not very well how to reconcile this with his letter which said the bankers might make the payment at liesure, if it was found that so considerable a payment of bank money raised the agio to the disadvantage of the U.S. Be that as it may if his arrangement with the commissioners was such as to entitle the U.S. to credit from the 6th. of August, the delay arising from circumstances not dependent on us, & in part from their own bankers who asked time to consider of the manner they would recieve the payment (in order as our bankers thought that they might write to Paris for instructions) we should certainly have an equal right to insist on the same date as to the credit—& what is still more we have it in our hands to settle this in the allowance of indemnity for depreciation. In like manner the delay occasioned by the suspension of the King as to the payment of the sums on hand, & on which the U.S. are now paying a dead interest, appears to me a just object of consideration in the regulating of the indemnity. As to the delay prior to the 10th. of Aug. it may be in a considerable degree attributed to the French government also & totally to the situation of that country as to the circulating medium they had introduced [which] would have sufficed of itself to occasion the delay though it was not the only cause—a simple state of the progress of this business will I think necessarily ascertain it.
I might leave out of the question myself & the delay which my particular situation so often explained to you, occasioned as to the settling of the indemnity. I have often repeated that knowing a permanent minister was to be appointed for Paris—knowing from the President’s instructions to you that arrangements with respect to the debt to France were to be referred to him—& particularly after knowing that another person had recieved this mark of the Presidents confidence—delicacy & propriety forbad me imperiously from taking any steps, in that line, which could admit of delay. It was evident that a short delay could not be injurious to this business, & I had every reason to believe the person designated would be very shortly in Paris after he had announced to me his nomination, & this was very shortly after my return from Amsterdam. I must observe also that I was ignorant during that whole time of your having changed your intention as to the 2½. millions of the precedent six million loan & of course did not know how large sums were on hand destined for France. I only contemplated the 3 million 4 p. cent loan & as that was only coming in monthly the delay as to the payment did not appear to me to be of any importance, supposing daily it would be removed. The original of your letter of Nov. 30. 91. announcing that of the 2½ millions which you had directed to be held to answer your draughts, only one million would be called for which added 1½. million to those in hand for France, was never recieved. I recieved at Paris on the 7th. of May the triplicate of your letter of Jan. 28th. in which you say you inclose a duplicate of your letter of Nov. 30. It was not however inclosed in the triplicate—nor was your report therein alluded to. They came inclosed in the original of your letter of Jan. 28—sent here to the Hague where it was addressed to me—received by M. Dumas—& by what unaccountable stupidity I know not, kept here until my arrival. He says he thought I was in Spain & therefore kept it expecting me here daily, near three months. He says he learned this from the bankers at Amsterdam—they say he dreamed it. Until then I considered the delay of payment as affecting only such sums as were arising on the 1st. 4. p. cent loan (the term of which had not expired, & out of which payments had been at Amsterdam for interest & premium) & the 2d 4. p. cent loan  announced to me & by me to you just before my leaving Paris. The affair I then considered in M. Morris’s hands as to the indemnity & of course as to the time of future payments as settled between him & me & mentioned to you. I am so anxious that you should have a complete view of this subject which has given me so much uneasiness on account of the disadvantage which the U.S. may sustain & the dead interest they have been & still are paying on so large sums, that I undoubtedly give into repetition & prolixity respecting it. It was my intention to shew you here that the delay previous to the 10th. of Aug. may be imputed also to the French government & the situation of that country as to their circulating medium.
When the first 4. p. cent loan was opened & destined to be paid to the French government, the ministry had made a report to the assembly on their colonies & proposed then appropriating the French debt to their succour. The then minister of marine, M. de Bertrand desired that remittances from Amsterdam might be suspended. It is true our apparent interest dictated the same. I then could have no objection as the sums which I contemplated only, viz those arising from the 4. p. cent loan were to be recieved gradually—& the interest & premiums of Feby & March would absorb a part. After my return to Paris this report was expected daily for a long time as I then mentioned to you to be decided on & finally as you have been informed the succeeding Minister, M. de La Coste, did ask for & recieved my consent to his disposition of 800,000 dollars which though not effected may with great justice be stated as a cause of delay on their part—so much for the French government. As to the circulating medium as an impediment to the payment—I have already informed you that on recieving your letter on the subject of indemnity I communicated the intention of our government to the French ministry & desired them to find out some proper  basis for adjusting this indemnity. It was certainly a very natural preliminary to any future payment—& as they never did establish any basis they may be considered as the authors of a delay occasioned by the change in the circulating medium which gave rise to the indemnity. This I mean however only as a circumstance to be taken into consideration in fixing the rate of indemnity, & not to push it to the extent it might be carried, as it was not certainly the only real cause of the delay although it might be made to be regarded as a sufficient cause.
After the King’s suspension it was impossible to foresee how long that situation of France would continue which should disable us from knowing to whom to make the payments—with such large sums on hand it might have been desirable to have attempted a reduction of the 5. p. cent bonds to 4. p. cent by offering the alternative of re-imbursement—but the then state of the market & of the appearances among European powers shewed evidently it would have been impracticable.
All that could be done was to retard as much as possible the payments still due by the undertakers & to appropriate a part of the sums on hand to the payment of the Spanish debt. The commissioners assured me they took every eligible method of shewing the undertakers they were not to be pressed—adding however that they made a point of honor of not being behind hand with their engagements & that the discount on bills of exchange being exceedingly low at that time, they found their interest in calling for the bonds though they were of a low & dull sale—having been for some time down to 96 or near it. I have renewed this subject to them several times—their last letter relative thereto was of the 22d. inst: they say therein—“You may depend we will continue to prosecute every eligible step to protract the delivery of the bonds of the last loan yet on hand. But you ought not to be surprized that many nay most of the underwriters will fullfill their engagements yielding them 4. p. cent interest while the discount of bills of exchange is but at 1¾ to 2. p. cent: notwithstanding this extreme low rate, the American bonds are but of slow sale, even at very low prices owing to the firm conviction of our money lenders that the situation of politics must bring about a great rise of interest, which will in some degree be felt by the powers least disposed or liable to be involved in the present disturbances, a rise of which they hold themselves ready to profit, by retaining their monies from a permanent employ.”
I have already long ago informed you of my having directed the commissioners to provide bills on Madrid for a part of the Spanish debt, & my having written to Mr. Carmichael desiring him to learn of the ministry to whom the bills should be addressed, & whether they would chuse to recieve such part as bills should not be provided for at the time of the answer at Amsterdam. He has made the application both to Count Daranda & M. Gardoqui—but had not an answer when he last wrote to me. The bills are therefore, as their term was approaching, addressed to M. Gardoqui & sent to Mr. Carmichael by the commissioners to the amount I think of 160,000 dollars. I have desired them to extend that sum to 250,000 dollars, which will be only a little under the sum you mentioned—the balance is by way of precaution & will be paid on the final settlement of the account.
For some time also I had considered 2½ millions of the sums on hand as at your disposition & to be drawn for by you, in consequence of my letters to you from Paris in answer to that from you respecting a new loan at 4½. p. cent interest. It was not until the 18th. of Sep. that yours of July 25. shewed me you should call for only a part of that sum.
I inferred from an expression in your letter of Oct 16 that you will find it convenient to employ the sums on hand in the way there mentioned & if it should happen that you find an advantage in their being on hand, it will be some mitigation of the pain which it has given me to see them so long undisposed of (your letter for M. Morris inclosed in that of the 16th. of Oct. was forwarded to him by last tuesdays post).
On the 9th. of this month I recieved a letter from the commissioners which among other things stated—“The large payments of interest, the drafts of the treasury, remittances to France & to Spain together with M. de Wolf’s bills have reduced the unappropriated cash in our hands to about

f 1,460,000

Adding to which the net proceeds of 844.undelivered bonds
   801,800

makes
2,261,800”

They add that the payment of interest to June 1. inclusive together with the reimbursement of the million then—& the 500,000 florins which they understood the French government meant to apply for to pay an instalment due the 5th. of the next month of the loan made for the U.S. by France under the guarantee of the states general would amount to 2,545,000 florins—& of course leave a deficit on the 1st. of June of 283,000 florins. (As yet no application has been made by France with respect to the 500,000 florins). Their object in this statement was to induce me to obtain powers to make a loan at that time at an higher rate than 4. p. cent interest, they supposing I was limited thereto & conceiving an augmentation of interest would be indispensable. Without saying any thing of my powers in my answer I have simply informed them that I was persuaded the U.S. would not be disposed or necessitated to make any future foreign loan at an higher rate than 4. p. cent interest—& that I myself believe, unless there were a very great change abroad, they might count on procuring at that rate such sums as they might have occasion for in future. I think it not amiss to leave this idea to operate with them & let them suppose we should look out elsewhere rather than retrogade in the rate of interest. It seems to me the U.S. should make every effort to fix this impression on their minds & those of the money lenders. If they should be once fully persuaded of the determination not to raise the rate of interest, it will produce an inestimable effect hereafter in the reduction of the 5. p. cent bonds. By suspending foreign loans for some time which would seem within the power of the U.S. this might certainly be done. Supposing the sums at present on hand called for by you, their present application at home would enable you probably to provide for from thence, the reimbursement of the million in June next, in addition to the interest payable abroad next year, which you have already informed me would be remitted. I cannot too often repeat how important I think it is not to be forced on the market during its present state & thus obliged to augment the rate of interest—& the resources which I am informed you may find in the bank makes me hope & trust it may be avoided.
M. de Wolf insists still that he can procure money for the U.S. at 4. p. cent—but I find he cannot secure the loans as at Amsterdam for large sums. He desires to be employed according to the usage of Antwerp, which is in general if not always different—it is only in fact having bonds for sale which may or may not be taken up. It is a mode wch. with proper restrictions might be used, when a power was not in want of a given sum at a given time. He presses me now to let him open a loan for a million or half a million of florins at 4. p. cent. I have declined it with him on the footing of the U.S. not having any occasion for the money at present. He may be made use of perhaps to impress the idea of the U.S. adhering to the 4. p. cent interest—but this of course will not be for a long time to come. Should loans be made at Antwerp they should be destined to the payments to France—because those payments may be advanced or started without inconvenience. It would be highly dangerous & injurious to depend on Antwerp for the interest & re-imbursements payable at Amsterdam, because they must be to the day.
I recieved yesterday the papers of the Sec. of State, which I sent for to Amsterdam, relative to my sojourn in Spain & I shall set out in a few days. This absence being of course known to you, I have nothing to add respecting it.

I have the honor to be most respectfully,   Sir   Your most obedient & humble servant
W Short

P. S. I omitted mentioning that the commissioners have recd. a letter from the commissaries of the treasury, informing them they have credited the U.S. for 6,000,000₶ on acct of the payment lately made in florins. M. Morris had lately written to me also that he had at length applied to the commissaries on the same subject & forwarded me their answer to the same effect.

The Honble Alexander Hamilton Secretary of the Treasury—Philadelphia


Title: To Alexander Hamilton from George Washington, 29 November 1792
From: Washington, George
To: Hamilton, Alexander

United States, Nov: 29. 1792.

It having been represented by the Director of the Mint that the late rise in the price of Copper, and the difficulty of obtaining it, render it improbable that the quantity authorised to be procured can be had, unless some part of it be imported by the United States; it is therefore thought proper that measures should be taken to obtain a quantity from Europe on the public account; and as it is estimated that the sum of Ten thousand dollars will be necessary for this purpose, you are hereby requested, if consistent with the arrangements of the Treasury, to have a bill for the above sum drawn on the Bankers of the United States in Holland, payable to Mr. Pinckney our Minister in Great Britain.

Go: Washington


Title: From Alexander Hamilton to George Washington, [29 November 1792]
From: Hamilton, Alexander
To: Washington, George

[Philadelphia, November 29, 1792]

The Secretary of the Treasury presents his respects to the president; has the honor to transmit for his consideration the draft of a report pursuant to two references of the House of Representatives, concerning which he will wait upon the President on Saturday, being desireous of sending in a Report on Monday.
Thursday Nov: 29 1792


Title: To Alexander Hamilton from Tench Coxe, 30 November 1792
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, November 30, 1792. Announces “the completion of the light House, Keepers house, oil Vault, and platform on Cape Henry in the state of Virginia.” States that extra work has compelled the contractor to submit a bill in excess of the original contract. Asks Hamilton to secure the President’s approval of this bill.


Title: Report on the Petition of Abraham Scribner and Thomas Cable, [30 November 1792]
From: Treasury Department,Hamilton, Alexander
To: Speaker of the House of Representatives

[Philadelphia, November 30, 1792Communicated on December 11, 1792]
[To the Speaker of the House of Representatives]

The Secretary of the Treasury, to whom was referred the petition of Abraham Scribner and Thomas Cable, respectfully [submits] the following Report thereupon.
The petition seeks compensation for the hire and value of a sloop, alleged to have been impressed into the public service, in August 1776, by Hugh Hughes, then Assistant Quarter-Master, with an engagement to pay, at the rate of four dollars a day, for the use of the Sloop, and to pay for her, in case of loss by inevitable accident, or capture by the enemy, which loss by capture is stated to have happened.
From the proofs which accompany the petition, there is satisfactory ground to conclude, that the vessel in question was impressed into the public service, at the period mentioned, and that shortly after, she was intercepted and fell into the hands of the enemy.
But it is not equally clear, that her loss was truly owing to her detention in public service. It appears, that she arrived at New York with some Militia and stores on board, the 27th. of August 1776; the day on which she is stated to have been impressed; and it is not alleged, that she was detained more than four days, when the British vessels, which are said to have prevented her safe return, were already in the Narrows above Hell-gate, about eight miles from New York.
Recurring to the known expedition, with which the retreat from Long Island was effected, the probability is, that the detention was still less considerable, than is now, from recollection, suggested: And the presumption, upon the whole, would rather be, that the detention made no difference, as to the eventual fate of the Vessel.
But if there was an unconditional agreement to indemnify in case of loss, that presumption might not be a good objection to the claim. The proof of such agreement (excluding the attestation of one of the petitioners, which, in point of precedent, cannot be received as evidence) is a certificate from Hugh Hughes of the 9th. of April 1790, which comes fully up to the suggestions of the petitioners, except that it would rather appear from it, that the indemnification was to be made only in case of loss by accident, or capture, while in the actual service of the public. If the Certificate is to be understood in this sense, the condition of the indemnification did not happen.
But strong objections otherwise lie against this claim. From the time of its origination to that of presenting the petition under consideration, a period of near fourteen years has intervened. And there is no evidence or suggestion of any prior application. The delay has not only involved a bar from the Acts of limitation, but must render any proof of the agreement relied upon, short of a written cotemporary document, unsatisfactory. The books and vouchers of Mr. Hughes having been destroyed by fire, no aid to his recollection can be supposed to have been drawn from that source. And, as a general rule, it would be extremely unsafe, to admit claims upon the declarations and acknowledgments of public officers, made at so late a day, especially, if founded only upon memory. Reasons of a particular nature, detailed in a report of the Secretary of the 16th. of April last, strengthen the general considerations, which readily occur on this head.
No special excuse for the delay is assigned.
Wherefore, and under all the circumstances of the case, the Secretary does not perceive sufficient ground for an exception to the operation of the Acts of limitation, in favor of the petitioners.
Which is humbly submitted,

Alexander Hamilton,Secry. of the Treasry.
Treasury Department,November 30th 1792.


Title: Report on the Redemption of the Public Debt, [30 November 1792]
From: Treasury Department,Hamilton, Alexander
To: Speaker of the House of Representatives

[Philadelphia, November 30, 1792Communicated on December 3, 1792]
[To the Speaker of the House of Representatives]

In obedience to two resolutions of the House of Representatives, one of the 21st instant, directing the Secretary of the Treasury to report a plan for the redemption of so much of the public debt, as by the Act, intituled “An Act making provision for the debt of the United States,” the United States have reserved the right to redeem; the other of the 22d instant, directing him to report the plan of a provision for the reimbursement of the loan made of the Bank of the United States, pursuant to the 11th Section of the Act, intituled “An Act to incorporate the Subscribers to the Bank of the United States” The said Secretary respectfully submits the following Report.
The expediency of taking measures for the regular redemption of the public debt, according to the right which has been reserved to the government, being wisely predetermined by the resolution of the House of Representatives, referring the subject to the Secretary, nothing remains for him, but to endeavor to select and submit the most eligible means of providing for the execution of that important object.
With this view, the first enquiry, which naturally presents itself, is, whether the existing revenues are, or are not adequate to the purpose?
The estimates, which accompany the Report of the Secretary of the 14th, instant, will shew, that during the continuance of the present Indian war, the appropriations for interest, and the demands for the current service, are likely to exhaust the product of the existing revenues; though they afford a valuable surplus beyond the permanent objects of expenditure, which, it is hoped, may, ere long, be advantageously applied to accelerate the extinguishment of the debt.
In the mean time, however, and until the restoration of peace, the employment of that resource, in this way, must, of necessity, be suspended: and either the business of redemption be deferred, or recourse must be had to other expedients.
But did no such temporary necessity, for resorting to other expedients, exist, the doing of it would still be recommended by weighty considerations. It would appear, in the abstract, advisable, to leave the surplus of the present revenues free, to be applied to such casual exigencies, as may from time to time occur—to occasional purchases of the debt, when not exhausted by such exigencies, to the payment of interest on any balances, which may be found due to particular States, upon the general settlement of accounts, and finally, to the payment of interest on the deferred part of the debt, when the period for such payment arrives. There is a reasonable prospect, that, if not diverted, it will be found adequate to the two last important purposes.
Relinquishing, then, the idea of an immediate application of the present revenues to the object in view—it remains to examine, what other modes are in the option of the Legislature.
Loans, from time to time, equal to the sums annually redeemable, and bottomed on the same revenues, which are now appropriated to pay the interest upon those sums, offer themselves, as one expedient, which may be employed, with a degree of advantage. As there is a probability of borrowing at a lower rate of interest, a material saving would result, and even this resource, if none better could be devised, ought not to be neglected.

But it is obvious, that to rely upon this resource alone would be to do little towards the final exoneration of the nation. To stop at that point would, consequently, be neither provident nor satisfactory. The interests, as well as the expectations of the Union require something more effectual.
The establishment of additional revenues is the remaining resource. This, if the business is to be undertaken in earnest, is unavoidable. And a full confidence may reasonably be entertained, that the Community will see, with satisfaction, the employment of those means, which alone can be effectual, for accomplishing an end, in itself so important, and so much an object of general desire. It cannot fail to be universally felt, that if the end is to be attained, the necessary means must be employed.
It can only be expected, that care be taken to chuse such as are liable to fewest objections, and that in the modifications of the business, in other respects, due regard be had to the present and progressive circumstances of the country.
Assuming it, as the basis of a plan of redemption, that additional revenues are to be provided, the further enquiry divides itself into the following branches:
1st. Shall a revenue be immediately constituted, equal to the full sum which may at present be redeemed, according to the terms of the contract?
2d. Shall a revenue be constituted from year to year, equal only to the interest of the sum to be redeemed in each year, coupling with this operation, an annual loan commensurate with such sum? Or,
3d. Shall a revenue be constituted, each year, so much exceeding the interest of the sum to be redeemed, as to be sufficient, within a short definite term of time, to discharge the principal itself; coupling with this operation also, an annual loan, equal to the sum to be annually redeemed, and appropriating the revenue created, to its discharge, within the terms which shall have been predetermined?
The first plan, besides being completely effectual, would be eventually most œconomical; but considering, to what a magnitude, the revenues of the United States have grown, in a short period, it is not easy to pronounce, how far the faculty of paying might not be strained by any sudden considerable augmentation, wheresoever immediately placed; while the rapid progress of the country in population and resource seems to afford a moral certainty that the necessary augmentation may be made with convenience, by successive steps, within a moderate term of time—and invites to temporary and partial suspensions, as capable of conciliating the reasonable accommodation of the community, with the vigorous prosecution of the main design. For these, and for other reasons, which will readily occur, the course of providing immediately the entire sum to be reduced, is conceived not to be the most eligible.
The second plan, though much more efficacious, that that of annual loans, bottomed on the revenues now appropriated for the payment of interest on the sums to be redeemed, does not appear to be sufficiently efficacious. The Schedule A will shew the effect of it to the first of January 1802, when the deferred debt will become redeemable in the proportions stipulated. Supposing the investment of the interest, which is, each year, liberated, together with that which has been, and will be released by purchases, pursuant to provisions heretofore made, in the purchase of 6 per cent stock; a sum of principal equal to 2.043.837. dollars and 7 cents would be sunk, and a clear annuity, equal to 459.212 dollars and 82 cents would be created towards further redemptions; but the fund then necessary for the future progressive redemption of the debt, according to the right reserved, would be 1.126.616 dollars and 44 cents, exceeding by 667.403 dollars and 62 cents, the amount of the redeeming fund. Something more effectual than this is certainly desirable, and appears to be practicable.
The last of the three plans best accords with the most accurate view, which the Secretary has been able to take of the public interest.
In its application, it is of material consequence to endeavor to accomplish these two points: 1st. The complete discharge of the sums annually redeemable, within the period prefixed, and the reimbursement, within the same period, of all auxiliary loans which may have been made for that purpose. 2ndly. The constituting, by the expiration of that period, a clear annual fund competent to the future redemption of the debt, to the extent of the right reserved.
The period, to which, it is conceived, the plan ought to refer, is the first day of January 1802; because then the first payment, on account of the principal of the deferred debt, may rightfully be made.

In conformity to these ideas, the following plan is most respectfully submitted; premising, that the sum redeemable for the first year of the 6 per cent stock, bearing a present interest, is computed at 550.000 dollars.
Let an annual fund be constituted, during the present session, equal to 103.199 dollars and 6 cents, to begin to accrue from the first of January 1793. Let the sum of 550.000 dollars be borrowed upon the credit of this annuity, reimbursable within five years, that is, by 1st of January 1799. The sum borrowed to be applied, on the 1st of January 1794, to the first payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed with interest, by the first of January 1799, and will thenceforth be free from any further application.
The sum redeemable the second year, that is, on the 1st of January 1795, is computed at 583.000.
Let an annual fund be constituted, during the second session after the present, equal to 109.391 dollars and 60 cents, to begin to accrue from the first of January 1794. Let the sum of 583000 dollars be borrowed upon the credit of this annuity, reimbursable within five years, that is, by the first of January 1800. The sum borrowed to be applied, on the first of January 1795, to the second payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed with interest, by the first of January 1800, and will be thenceforth free from any further application.
The sum redeemable the third year, that is, on the first of January 1796, is computed at 617.980 dollars.
Let an annual fund be constituted, during the third session after the present, equal to 115.955 dollars and 17 cents, to begin to accrue from the first of January 1795. Let the sum of 617.980 dollars be borrowed upon the credit of this annuity, reimbursable within five years, that is, by the first of January 1801. This sum borrowed to be applied, on the first of January 1796, to the third payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed with interest, by the first of January 1801.
The sum redeemable the fourth year, that is, on the first of January 1797, is computed at 655.058 dollars and 80 cents.

Let an annual fund be constituted, during the fourth session after the present, equal to 122.912 dollars and 48 cents, to begin to accrue from the first of January 1796. Let the sum of 655.058 dollars and 80 cents, be borrowed upon the credit of this annuity, reimbursable within five years, that is, by the first of January 1802. The sum borrowed to be applied on the first of January 1797, to the fourth payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed, with interest, by the first of January 1802.
The sum redeemable the fifth year, that is, on the first of January 1798, is computed at 694.362 dollars and 33 cents.
Let an annual fund be constituted, during the fifth session after the present, equal to 152.743 dollars and 12 cents, to begin to accrue from the first of January 1797. Let the sum of 694.362 dollars and 33 cents, be borrowed upon the credit of this annuity, reimbursable within four years, that is, by the first of January 1802. The sum borrowed to be applied on the first of January 1798, to the fifth payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed, with interest, by the first of January 1802.
The sum redeemable, the sixth year, that is, on the first of January 1799, is icomputed at 736.024 dollars and 7 cents.
Let an annual fund be constituted, during the sixth session after the present, equal to 197.680 dollars and 20 cents, to begin to accrue from the first of January 1798. Let the sum of 736.024 dollars and 7 cents, be borrowed upon the credit of this annuity, reimbursable within three years, that is, by the first of January 1802. The sum borrowed to be applied, on the first of January 1799, to the sixth payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed, with interest, by the first of January, 1802.
The sum redeemable the seventh year, that is, on the first of January 1800, is computed at 780.185 dollars and 52 cents.
Let an annual fund be constituted, during the seventh session after the present, equal to 272.848 dollars and 38 cents, to begin to accrue from the first of January 1799. Let the sum of 780.185 dollars, and 52 cents, be borrowed upon the credit of this annuity, reimbursable within two years, that is, by the first of January 1802. The sum borrowed to be applied, on the first of January 1800, to the seventh payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed, with interest, by the first of January 1802.
The sum redeemable, the eighth year, that is, on the first of January 1801, is computed at 826.996 dollars and 65 cents.
Let an annual fund be constituted, during the eighth session after the present, equal to 423.583 dollars and 64 cents, to begin to accrue from the first of January 1800. Let the sum of 826.996 dollars and 65 cents, be borrowed upon the credit of this annuity, reimbursable, within one year, that is, on the first of January 1802. The sum borrowed to be applied, on the first of January 1801, to the eighth payment on account of the principal of the debt.
The proposed annuity will reimburse the sum borrowed, with interest, on the first of January 1802.
The sum redeemable, the ninth year, that is, on the first of January 1802, is computed at 1.126.616. dollars and 44 cents.
The then existing means for the discharge of this sum, arising from the operation of the plan, will be—
1st. The amount of the annuity constituted the third year, which will have been liberated by reimbursement of the third loan. 2nd. The arrears of interest not previously appropriated, and which are computed at 200.000 dollars.
There will consequently be a deficiency, this year, of 810.661 dollars and 27 cents, which will require to be supplied by a temporary loan, to be reimbursed out of the surplus of the fund, which, on the first of January 1802, will exist for future redemptions, and which surplus will be sufficient to reimburse this temporary loan, in about thirteen years and a half.
It may be proper to remark, that this deficiency upon one year is suffered to exist, to avoid an unnecessary augmentation of revenue, materially beyond the sum permanently requisite. No inconvenience ensues, because this temporary deficiency is made up by the surplus of the permanent fund, within the period mentioned. And that fund, from the first of January 1802, is adequate to all future redemptions, in the full proportion permitted by the contrast.
The table in the Schedule B, herewith submitted, will shew, in one view, the principles and operation of this plan.

The Schedule C, will exhibit the means of constituting the several annuities proposed to be established. From it, will be seen, that the proposed annuities are to be composed, partly of taxes to be successively laid, at the respective periods of creating them, partly of the surplus-dividend to be expected on the Stock belonging to the Government, in the Bank of the United States, beyond the interest to be paid on account of it, and partly of the funds heretofore pledged for the payment of interest, which shall have been liberated upon so much of the debt, as will have been extinguished.
The respective amounts of the taxes to be severally laid, will be,

In the first year
43.199, dollars, and  6 cents,

In the second year
109.391, dollars and 60 cents,

In the third year
115.955, dollars and 17 cents,

In the fourth year
102.912, dollars and 48 cents,

In the fifth year
102.743, dollars and 12 cents

In the sixth year
107.680, dollars and 20 cents

In the seventh year
109.649, dollars and 32 cents.

making together
691.530, dollars and 95 cents.

The sum, which will have been redeemed prior to the first day of January, 1802, will be 5.443.607 dollars and 37 cents. The sum redeemable on the first of January, 1802, will be 1.126.616 dollars and 44 cents; and the fund, which will thenceforth exist, for the purpose of future redemption, (as is particularly shewn by the Schedule D) will be 1.210.744 dollars and 34 cents, exceeding the sum strictly necessary, by 84.127 dollars and 90 cents; a fund, which, including the interest, from year to year, liberated, will, as already intimated, be completely adequate to the final redemption of the whole amount of the 6 per cent stock (as well the deferred, as that bearing a present interest) according to the right which has been reserved for that purpose.
In the mean time, a further impression will be made upon the debt, by the investment of the residue of the funds, heretofore established, in the purchase of it; and it is hoped, that the restoration of peace with the Indians will enable the application of the surplus of the existing revenues, together with the proceeds of the ceded lands in our western territory, to the same object. These, whenever they can be brought into action, will be important aids, materially accelerating the ultimate redemption of the entire debt. The employment of these resources, when it can be done, by encreasing the interest fund, will proportionately lessen the necessity of using the resource of taxation for creating the proposed annunities; if the government shall judge it advisable to avail itself of the substitute, which may accrue from that circumstance.
Having now given a general view of the plan, which has appeared upon the whole, the most eligible, it is necessary, in the next place, to present to the consideration of the House, the requisite funds for the execution of it. These will embrace a provision for the first annuity only; that alone requiring, by the plan, immediate provision. With regard to a provision for the subsequent annuities, which is proposed to be successive, the Secretary will content himself, with this general observation, that he discerns no intrinsic difficulty in making provision for them, as fast as shall be necessary, with due convenience to the people, and consistently with the idea of abstaining from taxing lands and buildings (with the stock and implements of farms) reserving them, as a resource for those great emergencies, which call for a full exertion of all the contributive faculties of a country.
The following means for constituting the first annuity are respectfully submitted, Viz.
Annual surplus of the dividend on the stock of government in the Bank of the United States, beyond the interest to be paid out of the said dividend, estimated at 60.000 dollars.
Tax on horses, kept or used for the purpose of riding, or of drawing any coach, chariot, phaeton, chaise, chair, sulkey or other carriage for conveyance of persons; excepting and exempting all horses, which are usually and chiefly employed for the purposes of husbandry, or in drawing waggons, wains, drays, carts or other carriages, for the transportation of produce, goods, merchandize and commodities, or in carrying burthens in the course of the trade or occupation of the persons, to whom they respectively belong, and the horses of persons in the military service of the United States, Viz.
For every horse, not above excepted and exempted, at the rate of one dollar per annum—where only one is used or kept by the same person, with an addition of fifty cents per annum per horse, where more than one and not more than two horses are kept or used by the same person—with an addition of one dollar per annum per horse, where more than two, and not more than four, are kept or used by the same person, and with an addition of one dollar and a half dollar per horse, per annum, where more than four are kept or used by the same person: provided, that this addition shall not be made in respect to horses, usually employed in public stages for the conveyance of passengers.
This progressive encrease of rates on the higher numbers has reference to the presumption of greater wealth, which arises from the possession of such higher number.
The produce of this tax will probably be about equal to the residue of the proposed annuity, which is 43.199 dollars and 6 cents. How near the truth, this estimate may prove, experiment alone can, in so untried a case, decide. An aid to this fund may be derived from the surplus dividend on the Bank stock, for the half year ending the last of December next, which, it is presumed, will be not less than 20.000 dollars. Should a deficiency appear, upon trial, it can be supplied by a future provision.
Proper regulations, for the collection of this tax, will, it is believed, be found not difficult, if the tax itself shall be deemed eligible. Its simplicity has been a considerable recommendation of it. Qualified, as it is, it is not likely to fall on any but such who can afford to pay it. The exemption from the tax, in regard to horses which are appropriated to the purposes of husbandry, or of any trade or occupation, or to the transportation of commodities, seems to obviate all reasonable objection.
If, however, there should appear to the legislature, reasons for preferring a tax on carriages for pleasure, which, it may be observed, will operate on nearly the same description of persons, the sum required may, it is believed, be produced from the following arrangement of rates, Viz. Upon every Coach, the annual sum of four dollars; Upon every Chariot, the annual sum of three dollars; Upon every other carriage for the conveyance of persons, having four wheels, the annual sum of two dollars; and upon every chair, sulkey or other carriage for the conveyance of persons, having less than four wheels, the annual sum of one dollar.
The collection of this tax will be as simple and easy, and perhaps more certain, than that which has been primarily submitted.

With regard to the second Object referred to the Secretary, namely, the plan of a provision for the reimbursement of the loan made of the Bank of the United States, pursuant to the eleventh section of the Act by which it is incorporated; the following is respectfully submitted, (to wit)—That power be given by law to borrow the sum due, to be applied to that reimbursement; and that so much of the dividend on the stock of the Government in the Bank, as may be necessary, be appropriated for paying the interest of the sum to be borrowed.
From this operation, it is obvious, that a saving to the government will result, equal to the difference between the interest, which will be payable on the new loan, and that which is payable on the sum due to the Bank. If the proposed loan can be effected at the rate may be computed at the annual sum of 35.000 dollars; which saving, of those last made in Holland, the nett saving to the government whatever it may be, is contemplated, as part of the means for constituting the proposed annuities.
The benefit of this arrangement will be accelerated, if provision be made for the application of the proceeds of any loans, heretofore obtained, to the payment suggested on the condition of replacing the sums, which may be so applied out of the proceeds of the loan or loans, which shall be made pursuant to the power above proposed to be given.
It will also conduce to the general end in view, if the Legislature shall think proper to authorize the investment of the funds, destined for purchases of the debt, in purchases of six per cent stock, at the market price, though above par. The comparative prices of the several kinds of Stock have been, and frequently may be, such as to render it more profitable, to make investments in the 6 per cents, than in any other species of Stock.
All which is humbly submitted,

Alexander Hamilton,Secry. of the Treasy.
Treasury Department,November 30th 1792.


Title: Enclosure B: Table Exhibiting a View of the Proposed Plan of Redemption, 30 November 1792
From: Treasury Department,Hamilton, Alexander
To:

  B.

    Table Exhibiting a View of the Proposed Plan of Redemption.

    N: B: All the calculations in this table proceed upon a rate of five per cent interest.

    Periods of redemption or payment.
    Sums redeemable.
    Temporary Loans.
    Amount of sums borrowed with compound interest to the respective periods of reimbursement.
    Years when Annuities begin to accrue.
    Years Annuities.
    Annuities

    Times of Reimbursement.
    Years duration.

    Dollars. Cents.

    Dollars. Cents.

    Dollars. Cents.

    January 1st
    1794.
    550.000.
    January 1st
    1799.
    5.
    701.954.
    1793 …
    6.
    103.199. 6.

      ditto
    1795.
    583.000.
      ditto
    1800
    5.
    744.071.24.
    1794 …
    6.
    109.391.60.

      ditto
    1796.
    617.980.
      ditto
    1801
    5.
    788.715.51.
    1795 …
    6.
    115.955.17.

      ditto
    1797.
    655.058.80.
      ditto
    1802
    5.
    836.038.44.
    1796.
    6.
    122.912.48.

      ditto
    1798.
    694.362.33.
      ditto
    1802
    4
    843.997.41.
    1797 …
    5.
    152.743.12.

      ditto
    1799.
    736.024. 7.
      ditto
    1802.
    3.
    852.021.46.
    1798.
    4.
    197.680.20.

      ditto
    1800.
    780.185.52.
      ditto
    1802
    2.
    860.154.53.
    1799.
    3.
    272.848.38.

      ditto
    1801.
    826.996.65.
      ditto
    1802.
    1.
    868.346.48.
    1800.
    2.
    423.583.64.

      ditto
    1802.
    1.126.616.44.

    Total sum redeemed by the 1st. of January 1802
    }
    6.570.223.81.

Treasury Department, November 30th. 1792 Alexander Hamilton.


Title: Enclosure C: Mode of Constituting the Proposed Annuities, 30 November 1792
From: Treasury Department,Hamilton, Alexander
To:

[C]

  Mode of Constituting the Proposed Annuities.

  1793.
  Surplus dividend of Bank stock beyond the interest which will  be payable, estimated at
  60.000.

  Tax
  43.199. 6

  103.199. 6.

  1794.
  Tax

  109.391.60.

  1795.
  Tax

  115.955.17.

  1796.
  Part of annual interest converted into annuity
  20.000.

  Tax
  102.912.48

  122.912.48.

  1797.
  Part of annual interest converted into annuity
  50.000.

  Tax
  102.743.12.

  152.743.12.

  1798.
  Part of annual interest converted into annuity
  90.000.

  Tax
  107.680.20.

  197.680.20.

  1799.
  Part of annual interest converted into annuity
  60.000.

  Annuity of the first year now liberated by reembursement  of 1st. Loan
  103.199. 6

  Tax
  109.649.32.

  272.848.38.

  1800.
  Part of annual interest converted into annuity
  220.000.

  Annuity of second year now liberated by reimbursement  of 2d. loan
  109.391.60.

  Part of arrears of interest to be applied for balance of annuity  of this year
  94.192. 4

  423.583.64

  But a supplementary provision will be to be made for the second year, equal to the sum of 94.192 dollars, and 4 cents, as the fund in that particular is not annual. This may also arise from arrears of interest

  The payment to be made on the 1st. of January 1802, may proceed from the following funds.

  Amount of annuity of 3d. year liberated by reimbursement  of 3d. loan
  115.955.17.

  Unappropriated arrears of interest
  200.000.

  Temporary loan
  810.661.27.

  1.266.616.44

Treasury Department, November 30th. 1792.
Alexander HamiltonSecry: of the Treasy.


Title: Enclosure D: [View of Redeeming Fund], 30 November 1792
From: Treasury Department,Hamilton, Alexander
To:

  D

    View of Redeeming Fund to and upon the 1st. January 1802.

    Interest which will have been liberated by purchases and payments into the Treasury, exclusive of redemptions, according to the proposed plan
    65.000.

    Jan: 1st.
    1794,
    by redemption
    of,
    550.000
    dols.
    rate 6 per cent
    33.000.

    ditto,
    1795,
    by ditto
    of,
    583.000,
    at ditto
    34.980.

    ditto,
    1796,
    by ditto.
    of,
    617.980,
    ditto
    37.078.80

    ditto,
    1797,
    by. ditto,
    of
    655.058.80
    ditto
    39.303.52

    ditto,
    1798,
    by ditto,
    of
    694.362.33
    ditto
    41.661.73.

    ditto,
    1799,
    by, ditto,
    of
    736.024. 7
    ditto
    44.161.44.

    ditto,
    1800,
    by ditto
    of
    780.185.52
    ditto
    46.811.13.

    ditto,
    1801,
    by ditto,
    of
    826.996.65
    ditto
    49.619.79.

    ditto,
    1802,
    by ditto,
    of
    1.126.616.44
    ditto
    67.596.98.

    459.213.39.

    Taxes which have been laid.

    1793,

    dollars.
    43,199. 6.

    1794,

    109.391.60.

    1795

    115.955.17.

    1796

    102.912.48.

    1797

    102.743.12

    1798

    107.680.20.

    1799

    109.649.32.

    651.530.95.

    Surplus dividend of Bank stock beyond the interest which will be payable out of it
       60.000.

    Dollars,
    1 210.744.34.

 Amount of Interest converted into Annuities.

1796,
Dollars,
20.000.

1797,

50.000.

1798,

90.000.

1800,

220.000.

 Annual sum at the end of 1800
380.000.

Treasury DepartmentNovember 30th. 1792.
Alexander HamiltonSecry. of the Treasy.


Title: To Alexander Hamilton from Joseph Whipple, 30 November 1792
From: Whipple, Joseph
To: Hamilton, Alexander

Portsmouth, New Hampshire, November 30, 1792. “I have to acknowledge the receipt of your letter of the 1st. instant accompanying Commissions for John Adams as first Mate & Benj Gunnison as second Mate of the Revenue Cutter Scammel. I beg leave to Nominate Samuel Odiorne for the third Mate of Said Cutter.…”


Title: From Alexander Hamilton to George Washington, [1 December 1792]
From: Hamilton, Alexander
To: Washington, George

[Philadelphia, December 1, 1792]

The Secretary of the Treasury presents his respects to the President has the honor to submit to him the enclosed communications concerning which he will wait upon The President on Monday.
1st Decemr. 1792


Title: To Alexander Hamilton from William Ellery, 3 December 1792
From: Ellery, William
To: Hamilton, Alexander

[Newport, Rhode Island] December 3, 1792. “No allowance having been made to me for my services from the time I opened my Office to the 30th. of June 1792 by Congress at their last Session, and the addition of an half per centum and fifty dolls. per annum to my other emoluments then granted, to commence on the first of July, being inadequate to a decent maintenance, I have addressed a petition that that Honble Body praying for such an allowance as justice and equity require, and for such an augmentation of Salary as shall added to my fees and other emoluments, afford me a decent support.…”


Title: From Alexander Hamilton to Thomas Mifflin, 3 December 1792
From: Hamilton, Alexander
To: Mifflin, Thomas

Philadelphia December 3. 1792
Sir

I beg you to accept my thanks, for the perusal of the papers you sent me, which I herewith return.
The extracts from the charges to grand Juries are new to me. The correspondence between Mr. Addison and Mr. Clymer, I had before seen.
While I found cause to regret the nature of the discussion, which had taken place, and could not but think the strictures on the Judicial Authority of the Government of the United States and on the System, which had been adopted under that authority, as not unexceptionable in the Judge of a State Court, I concluded, that to avoid a disclosure of the correspondence, would best comport with that careful cultivation of harmony and good humour, between the General and the particular Governments, and their respective officers, which it is evident is of the greatest importance to the public welfare; and I acted in conformity to this Idea.
How far the same consideration ought to have weight in referrence to the communication, which you mentioned to me, it was your intention to make to the House of Representatives of Pensylvania, or how far there may be considerations of public utility sufficient to overrule any objection which may seem to arise from that source—it is not for me to determine.
With the most perfect respect   I have the honor to be Sir Your most obedient   & most humble servant

Alexander Hamilton
His Excellency Governor Mifflin


Title: To Alexander Hamilton from Samuel L. Mitchell, [3 December 1792]
From: Mitchell, Samuel L.
To: Hamilton, Alexander

[New York, December 3, 1792]
Sir

With great improvement and satisfaction I perused your Report on Manufactures, soon after its publication, and tho I then ardently wished the establishment of such as would render our Country independent of foreign places, for necessary Supplies particularly of naval and military stores, yet I little thought at that time I should ever be placed in a Situation of cooperating with the Secretary of the Treasury in carrying into effect such projects in detail as are comprized in his general Provisions.
I had enjoyed the rural satisfaction of agricultural improvement at Plandome on Long island, had practised Law and tried Causes at the bar, had been appointed an Officer in the Militia; and been a representative of the People in the State Legislature, when I received an Invitation from the Trustees of Columbia College to accept the Chair of Chemical Professor in New York, under the Patronage of the State, which had made provision for the same.
On Reviewing my Stock of knowledge, I thought I could undertake the Duties of the Place consistent with attention to other Business, and accordingly have commenced my Literary and Scientific Operations. The Trustees ordered the Professors to publish each a Syllabus, and accordingly my Outline has been committed to the Press. A Copy of it is herewith forwarded to you; that you may know what is aimed at, and what is a doing under the late legislative sanction, in the State of New York. You will be satisfied I hope, on Perusals that my endeavour in sketching out the Plan, has been to unite philosophical Speculation with improvement in the useful Arts.
The recent Discoveries in Chemistry are so vast and extensive, so fraught with philosophical Truth & so applicable to numberless economical purposes that it is sorely to be lamented, they are so little known in this Country. Yet I feel encouraged to think, Inquiries of this Kind, will have a gradual Progress among us, and keep pace with at least, if not outgo sundry other Improvements. It is greatly to be desired, that Researches and Investigations of the Chemical sort, which have already done so much in advancing and cheapening manufactures, and are capable of doing beneficially so much more, may become fashionable, and be eagerly entered into by Gentlemen of fortune and education, as well as Artists and Manufacturers.
Your manufacturing Society, established at Pasaick falls will require the aid of some Chemical Operations, particularly in the whitening of Cloth and Thread of Cotton, Hemp and Flax. I would hint to you, to have the bleaching done, not by exposure to the Sun Shine in an Open field in the old Way, but to adopt the new Method proposed by Mons. Berthollet, of making Vegetable substances white by means of the Oxygenated Neuriatic Acid, as the quickest and cheapest method. In Case this plan should be thought adviseable, I would recommend Mr. Joseph Russel of this City, to the Society as a proper person to prepare and oxygenate the Spirit of Salt for the purpose: he being possessed of those qualities as a Man, and that practical skill as a Chemist, which render him in my Judgment, a very fitting Person for the Purpose.
I have received your Communication about the Light House, and am sorry to learn, there is no present Prospect of effecting the erection of such a building at the proposed place. But as Improvements are gradual and progressive, perhaps this part of our Coast may be considered and benefited in its Turn.
I have the Honour to be, with much Respect, Sir, your very obedient Servant

Saml. L. Mitchell
New York. Decr. 3. 1792.
The Hon. Alexr. Hamilton


Title: Enclosure: [List of the Accounts of the Commissioners of Loans], [3 December 1792]
From: Treasury Department
To: Speaker of the House of Representatives

  List of the Accounts of the Commissioners of Loans by Which the Estimate for Appropriating the Sum of 35.063.28, Was Formed, Being for the Salaries of Clerks, and for Stationery in the Loan Offices of the United States, to 31st. March 1793.

    Number.
    States.
    Loan Officers.
    No. of Treasury Settlement.
    Periods.

    Amount.
    Total.

    New Hampshire
    William Gardner

    No Account rendered

    1.
    Massachusetts
    Nat. Appleton.
    2533.
    1st. January 1792 to 31st. March

    1019.27.

    2.
    do.
    do.
    2781.
    1st. April to 30th. June 1792

    1073.97.

    3.
    do.
    do.
    3141.
    1st. July 1792 to 30th. September

     1344.14.
    3437.38.

    4
    Rhode Island
    Jabez Bowen
    2837.
    1st. January to 30th. June

    588.61.

    5.
    do.
    do.
    3144.
    1st. July to 30th. September

    190.93
    779.54

    6.
    Connecticut
    William Imlay
    2906.
    1st. Oct: 1790, to 31st. March 1792

    1489.13

    7.
    New York
    John Cochran
    2591.
    1st. Octo: 1790, to 31st. March 1792

    5719.70.

    Deduct provided for on a former Appropriation, for the several
    }
    4000.
    1719.70.

    L: Officers, as per receipt

    8.
    do.
    do.
    2938.
    1st. April 1792 to 30th. June

    2191.92

    9.
    do.
    do.
    3077.
    1st. July to 30th. September 1792

     1833. 3.
    5744.65.

    10.
    New Jersey
    James Ewing.
    2520.
    1st. January 1792 to 31st. March

    160.80.

    11.
    do.
    do.
    2804.
    1st. April to 30th. June

    88.79.

    12.
    do.
    do.
    3160.
    1st. July to 30th. September

       90.66.
    340.25

    13.
    Pennsylvania
    Thomas Smith.
    2429.
    1st. January 1792 to 31st March

    642.17.

    14.
    do.
    do.
    2677.
    1st. April to 30th. June

    837.50.

    15.
    do.
    do.
    3108.
    1st. July to 30th. September

      462.50.
    1942.17.

    16.
    Delaware
    James Tilton.
    3005.
    1st. July 1791, to 30th. September

    206.13.

    17.
    Maryland
    Thomas Harwood.
    2877.
    1st. Octo: 1790, to 31st. Dec. 1791

    1519.93.

    18.
    do.
    do.
    2925.
    1st. January to 30th. June 1792

    523.70.

    19.
    do.
    do.
    3143.
    1st. July to 30th. September 1792

      245.  .
    2288.63.

    20.
    Virginia
    John Hopkins.
    2482.
    1st. January to 31st March 1792

    1303.64.

    21.
    North Carolina
    Wm. Skinner.
    2480.
    to May 1792

    2406.48.

    .

    Deduct provided for by a former Appropn. as per receipt
    }
    2125.  .

    281.48

    22.
    South Carolina
    John Neufville
    3254.
    14th. Octo: 1790, to 30th: Sep: 1792

    2.552.27.

    Georgia
    Richard Wylley

    No Account rendered

    Amount of Accounts, No. 1. to 22

    20.365.27.

    Deduct a balance which remains, to be applied, of the sum of 21.000 dollars, (included in the sum of 197.119 dollars and 49 cents) appropriated by an Act making Appropriations for the support of Government for the year 1792
     1.417.39.

    18.947.88.

    The Accounts of William Gardner for New Hampshire, and Richard Wylley for Georgia, have not been rendered,—the former is estimated at
    650.  .

    And the latter, at
    364.80.

        In Forming the Estimates of their Expenses from the Date of the Last Periods above Stated, it was Supposed that their Accounts When Rendered and Settled to 31st. December 1792, Might be, as Follow;

          VIZ

          Massachusetts
          for 3 months

          1344.14.

          Rhode Island
          do.

          293.70.

          Connecticut
          9 do.

          659.67.

          New York
          3 do.

          1833. 3.

          New Jersey
          3 do.

          159.75.

          Pennsylvania
          3 do.

          467.17.

          Delaware
          3 do.

          93.87

          Maryland
          3 do.

          245.

          Virginia
          9 do.

          2049.53.

          North Carolina
          8 do.

          562.96

          South Carolina
          3 do.

          391.78.

          To extend their allowance to 31st. March 1793, estimated, Viz:

          The foregoing Estimate for 50 months amounts to
          8000 Dollars.

          3 months for 13 Loan Officers, are 39 months
          6240

          Allowance for deficiencies
          760.

    7000.
    16.115.40

    Total, as per Estimate, Dollars
    35,063.28.


Title: From Alexander Hamilton to George Washington, 3 December 1792
From: Hamilton, Alexander
To: Washington, George

Treasury Departmt. 3d Decr. 1792.

The Secretary of the Treasury has the honor to submit to the President a communication of the 30th. of Novemr. relating to some additional objects which have been executed towards the completion of the Lighthouse Establishment on Cape Henry.
The Secretary, according to the best information in his possession, considers them as necessary objects, and respectfully submits it as his opinion that it will be advisable to confirm the Contracts which have been entered into by Mr. Newton, in the first instance.
The Secretary, from experience, entertains a confidence in the discretion & judgment of that Gentleman which induces a reliance on the view taken by him of the subject on the spot, with the advantage of a knowledge of local, which cannot be possessed by any person here. A submission to arbitration might not be altogether free from hazard of an increased allowance and it is so apparent that the whole work has been accomplished upon such moderate terms, & so probable that it may not even have afforded a due degree of benefit to the Undertaker, as to create a claim on the liberality of the Government in regard to collateral Contracts.
All which is humbly submitted

Alexander HamiltonSecy. of the Treasury.


Title: To Alexander Hamilton from Charles Lee, 4 December 1792
From: Lee, Charles
To: Hamilton, Alexander

Alexandria [Virginia] December 4, 1792. Reports that no bounties on fishing vessels will be payable “within this District for the present year.”


Title: To Alexander Hamilton from Arthur St. Clair, 5 December 1792
From: St. Clair, Arthur
To: Hamilton, Alexander

PhiladelphiaDecember 5th 1792
Sir,

Your Letter of the 21st. September enclosing a Copy of an Order of the Senate relative to the Salaries, Fees and Emoluments of Persons holding Offices under the United States, and the actual Expenses and Disbursements attending the Execution of their respective Offices for one Year, came to hand a few days ago. You desire from me an Account of the Offices I hold, as Governor of the western Territory and superintendant of Indian Affairs, embracing those Objects, and for the period therein mentioned to end the first day of October last past. In Answer, Sir, I have to observe that, by the Resolve of Congress of the third of October 1787 the Office of Superintendant of Indian Affairs for the northern Department was united with that of Governor of the western Territory, and the Compensation that had been attached to that Office was added to the Salary of the Governor, making in the whole two thousand Dollars. That, since the establishment of the present Government, there has been no Appointment of a Superintendant and that, hitherto there has been no Fees, nor Emolument of any kind whatsoever beside the Salary.
It is not possible for me to give you, at this time an Account of the Expenses that regularly attend the discharge of the Office annually—nor of the Disbursements I have actually made. The last have been heavy, and have absorbed nearly the whole of the Salary; But, as a part, at least, of those Disbursements are out of the usual Course, having been incurred in the discharge of Duties specially directed by Congress, they cannot be fairly stated as incident to Office, and I expect a reimbursement.
The regular Expenses of the Governor will, however, be considerable for some Years to come; for, the Settlements are so distant and unconnected with each other—the Communications between them so difficult—the Manners of the People so dissimilar, as well as their Languages different, that, it seems to me, to be able to accommodate Laws to their different Situations, it will be necessary for the Governor of that Territory to visit all the Settlements once a Year at least, notwithstanding the extremes of them are nearly a thousand Miles apart. His Expenses on those Occasions cannot be estimated at less than five hundred Dollars especially when it is considered that, in the french Settlements bordering on the Wabash and Mississippi, Money is of less value than, perhaps, in any other part of the World. That, together with a small Sum for Stationery, House Rent, and Postage of Letters will [be] from the whole Disbursement, for the Government property, and should be considered as an annual Expense, altho, in present Circumstances, it may not be incurred. The Disbursements in that part which respect the Indians cannot be conjectured as they depend upon Circumstances entirely unforeseen. There is at present no regular Expense attending it, that I know of, except a Salary of sixty Pounds pr. Annum to an Interpreter at Pittsburgh. He was appointed by me; but whether he is continued or dismissed, I am not informed.
I have the honor to be   Sir   Your most humble Servant

A. St. Clair
The honorable Alexander HamiltonSecretary of the Treasury


Title: To Alexander Hamilton from Tobias Lear, 6 December 1792
From: Lear, Tobias
To: Hamilton, Alexander

[Philadelphia] December 6, 1792. “By the President’s command, T. Lear has the honor to return to the Secretary of the Treasury, with the President’s approbation affixed thereto, the Contract entered into by Thomas Newton junr. on the part of the U.S. with John McComb junr. to execute certain additional objects specified in said Contract, to the Lighthouse lately erected on Cape Henry.…”


Title: From Alexander Hamilton to John F. Mercer, 6 December 1792
From: Hamilton, Alexander
To: Mercer, John F.

Philadelphia December 6th. 1792
Sir

In my last letter to you, I informed you of my having transmitted copies of your answer of the 16th of October and of certain certificates accompanying it to Major Ross. I have lately received a letter from him of the 23rd of last month, of which and of the documents, to which it refers, I now send you copies agreeably to the Major’s request.
No strictures on the policy or tendency of my public conduct, not connected with an impeachment of my honor or probity, if so understood by me, would have drawn on any correspondence between us. The single cause of the letter from me which introduced it was a belief founded on the strong public declaration of Mr Ross that you had asserted or insinuated that in the transactions respecting the purchase of public debt on account of the Government, I had been concerned directly or indirectly in some species of Stockjobbing for my private emolument—or to speak more precisely, that I had as a buyer for the public given more than the market price for stock, which I myself or some person or persons, with whom I was connected in interest, had sold to the Government.
This was what I understood Major Ross as intending by what he charges you with having said respecting my having been at once the buyer and seller of Stock (and so he explains himself) not that you had accused me of giving 18/ of my own money for Stock which was offered me at 14/.
Upon that understanding of Major Ross’s meaning I addressed you, and you will on a revision perceive that it required no infatuation to suppose, that you might have made such an accusation. Nor can you be surprised at my having given credit to Major Ross’s statement of what you had said, when you are informed, that I had been before, under the sanction of secrecy, told by more than one person of character of your having made declarations of similar import—and when you reflect that it was not easy for me to imagine that Major Ross would put his name to a publication in a News Paper imputing to you such language as having been used in a public discourse before a numerous auditory, in reference to a point of so much delicacy, if the imputation was not well founded.
Hence the energy of the expressions used in my letter to Major Ross—which however are only hypothetical—applying merely to the statement which had been made by him and having no application if that statement was erroneous.
With regard to the publication of my letter in hand bills though I find on revision that the latitude of my expressions, in the permission I gave Major Ross warranted the use he made of my letter and though I ascribe his having made that use of it to motives the most friendly towards me, yet I am bound in justice to myself to say that such a mode of disclosure was not contemplated by me; my intention reaching no farther than to a free personal communication of the contents of the letter. This may even be inferred from my prohibition of its insertion in a News Paper which became possible by its circulation in a hand bill.
I mention these things solely with a view to the justification of the part I have acted—nor can I believe that any impartial judge will doubt that the situation called for what I did.


Title: To Alexander Hamilton from Jeremiah Olney, 6 December 1792
From: Olney, Jeremiah
To: Hamilton, Alexander

Providence, December 6, 1792. “The continued Complaints of the Merchants and Sea-Faring People, residing in this District, That the different Practices of different Collectors occasion an unequal operation of the same Law in the collection of the Revenue; together with the Censures thrown out against me for not conforming to that which is the most favorable to the Importers, constrains me Sir, respectfully, to recall your attention to my Letters of the 17th of Jany. and 28 Feby. 1791, upon the Subject of allowance for Tare on Sugars, Cocoa &c. and the Duty on Oranges, Limes, and Sweetmeats, not brought for Sale, very inconsiderable, and which the Merchants here say is not collected in any other Place; and to entreat that you would be pleased to cause such Measures to be adopted as will tend to produce a speedy uniformity of Practice in those particulars, throughout the United States; rendering thereby the operation of the Revenue Laws equal, and relieving my Mind from the disagreeable Sensations consequent upon such repeated Complaints.…”


Title: To Alexander Hamilton from James Waters, 6 December 1792
From: Waters, James
To: Hamilton, Alexander

[Baltimore] Decr 6 1792
Sir

Permit me to inform you, that I shipt several Cargoes, the produce of this state to Cape François there to be sold for my Account, in Augt & Septr last with positive orders, not to sell to Govt, that the French Consul had published he would not pay any Bills drawn on him by the Govt of St Domingo. Notwithstanding my positive Orders, not to sell any property to Government they were compelled to sell to them, and received Bills for payment with the most positive Assurances from the Intendant and National Commissioners just arrived from France who has forwarded the Decree of the National Assembly of France to Mr De Ternant authorising the assembly of St Domingo to draw, and that due honour would be paid to their Draughts, that he had funds in hand to appropriate for that purpose. How great is my surprize! my friends in Philadelphia write that Mr De Ternant says positively that he will not accept, and consequently not pay—the only means I have to do honour to my Credit, the knowledge I have you take at heart the welfare of every Merchant in this State, and of every American, emboldens me to call on you to see justice have its course and that the Commercial Interest of the Country may not sustain a severe blow as many of my Friends are under the same disagreeable situation.
I am &c

James Waters
The Secretary of the Treasuryof the U.S.


Title: To Alexander Hamilton from Oliver Wolcott, Junior, 6 December 1792
From: Wolcott, Oliver, Jr.
To: Hamilton, Alexander

T. D.C. Off Decr. 6th., 1792
Sir

I have the honour to transmit the following statements of disbursements by the Department of War in the years 1790 & 1791.
Number 1. Being a statement of the accounts of Henry Knox Esq. Secretary at War as settled at the Treasury.
No. 2. Being a statement of the accounts of Joseph Howell Esq. from the 10th. of Sept. 1789. to the 1st. of March 1790. as settled at the Treasury.
No. 3. Being a statement of the accounts of Joseph Howell Esq. from March 1st. 1790 to the 31st. of Decr. 1791 as rendered to the Auditor of the Treasury for settlement & depending in his Office.
Some of the expenditures included in these statements, were made previous to the year 1790, but they could not be separated without inconvenience & deranging the order of the Accts. as rendered for settlement.
I enclose duplicates of the accounts at the special request & for the use of the Secy at War.

Hon A Hamilton


Title: Report on Disbursements by the Department of War, 7 December 1792
From: Treasury Department,Hamilton, Alexander
To: Speaker of the House of Representatives

Treasury Department,December 7th 1792.[Communicated on December 7, 1792]
[To the Speaker of the House of Representatives]
Sir,

I have the honor herewith to transmit certain Statements, pursuant to a resolution of the House of Representatives of the 13th ultimo, relative to the disbursements made by the department of War; Also, copy of a letter from the Comptroller of the Treasury on the subject; and to be, with perfect respect, Sir, Your most obedient servant

Alexander Hamilton,Secry. of the Treasry.
The Honorable The Speakerof the House of Representatives


Title: Enclosure: [A Statement of the Accounts of Henry Knox], 24 November 1792
From: Treasury Department,Harrison, Richard
To:

  A Statement of the Accounts of Henry Knox, Esquire, Secretary at War, for the Years 1790, and 1791, as Adjusted at the Treasury of the United States, and Stated in Compliance with the Order of the House of Representatives of

    Receipts.

    1790.

    January 1st. A balance remaining in his hands the 31st December 1789, as per accounts settled at the treasury No. 437, dated June 11th: 1790
    15.517.47.

      Also a balance on an Appropriation of 20.000 dollars, for Indian treaties, by the Act of Congress of the 20th. August, 1789, as per Account settled at the treasury, No. 406, dated May 18th. 1790
    3.476.39.

    For the following sums received on account of sales of Indian

    Goods, Viz:

    From J Habersham, by W. Baldwin
    350.

     “
    18th.
    do
    400.

    do
    550.

    May 24.
    do No. 1756, dated Oct: 4th. 1792
      470.50.

    1.770.50.

    June
    10th.
    For Warrant No. 508 in his favor
    12.400.

    August
    17th.
      do 613
    7.000.

     “
    24th.
      do 634
    1 300.

    1791.

    Febry:
    4th.
      do 868 dated October 4th. 1792
    10.000.

    30.700.

    Dollars.
    51.464.36.

  Payments.

    1791.

    June
    30th.
    His several disbursements on account of the War department, from 1st. January 1790, to 30th. June 1791, Viz:
    Dollars Cents.

    Contingencies of the War department, included in

      No. 1756
    dated October
    4th. 1792
    1.192.21.

    Contingencies of the War Office
    do
    do
    1.234. 6.

    Hospital Department
    do
    do
    2.321.22.

    Quarter Master’s Department,
    do
    do
    8 685.68.

    Ordnance department,
    do
    do
    15.892. 8

    Indian department,
    do
    do
    14.462.89.

    Surveyor’s department,
    do
    do
    282.80.

    Subsistence department
    do
    do
    3 019.92.

    This sum advanced John Meals on account of rations furnished the troops, and for which he is to be held accountable to the United States
    do
    do
    500.

    This sum advanced to W: Sargent, for which Arthur St. Clair is to be held accountable
    do
    do
    200.53.

    Indian department, for amount of sundry deductions, made in the Auditor’s Office, which are admitted, Viz:

    Voucher No. 77 in Col.

Willet’s account, for 30 shirts 40.

A draft of the Cornplanter on the Secretary at War for carriage of goods 100.
do
do
140.

Amount of sundry expenses attending several journies of the Secretary at War, in the years 1785, 1786, 1787 and 1788, for the purpose of inspecting and arranging the stores in the arsenals and magazines of the United States
do
do
674.13

July,
21st.
Disbursements for the Ordnance department
do
do
175.

August
5th.
Do for the contingencies of the War department
do
do
17.75.

Nov:
30th.
Do. for the contingencies of War Office
do
do
245.31

Quarter Master’s department, balance due on the settlement of an Account for the purchase of Cartouch boxes, and transportation of clothing
No. 3071
Octo: 11th.
116.40.

Amount of a Warrant, No. 83, in favor of Samuel Meredith, for the balance due from H: Knox, Esquire, agreeably to the reports above mentioned

 2304.38.

Dollars,
51.464.36.

Treasury DepartmentRegister’s Office, 29th. November 1792.
These are to certify that the foregoing statement agrees with the several settlements which have been made at the treasury, of the Accounts of the Secretary at War, and that the same are finally closed (by payment of the above balance) in the books of the United States.
Joseph Nourse, Register.

  No. II.

    The United States of America, for sundry Expenditures from the 10th. of September 1789, to the 1st. of March, 1790.

    To Joseph Howell, junr,

    Paymaster General,
    Dr.

    1789.

    Sept.
    17th.
    No.
    28,
    Lt. E. Beatty, paymaster 1st. U: S: regt. for one month’s pay to Surgeon’s mate, and one month’s pay to Ensign Sedam dollars,
    65.

    “
    29.
    Ditto, for three months pay to eleven discharged soldiers
    132.

    “
    19th.
    “
    30.
    Captain Joseph Savage, for one month’s pay for himself, Officers, non-commissioned Officers and privates of his Company of Artillery
    243.

    Octo.
    17th.
    “
    32.
    Capt. E: Beatty, paymaster, 1st. U: S: regt. for three months pay to 8 privates, lately discharged from said regiment
    96.

    “
    “
    33.
    Capt. Joseph Savage, for two months pay of one Corporal and four privates of his Company
    42.

    “
    34.
    Ditto, for his subsistence, from April 1st. 1788, to September 1st. 1789 204.

    for do. of Lt. M. Porter, from April 1st. 1788, to April 1st. 1789 96.

    for do. of Lt. E: S: Fowle, from April 1st. 1788, to September 1st. 1789 136.
    436.

    35.
    Capt. E: Beatty, paymaster 1st. U:S: regt. being for three months pay of said regiment, and two companies of Artillery serving in the western department.
    11.629.

    “

    “
    36.
    Capt. E: Beatty, paymaster 1st. U: S: regt. for subsistence due the Field, Staff and commissioned Officers of the Infantry, from April 1st. 1788, to September 1st. 1789
    6.296.

    “

    “
    37.
    Ditto, for due one Major, two Captains, and three Lieutenants from April 1st. 1788, to September 1st. 1789
    1 156.

    “

    “
    38.
    Ditto, for forage due to the field, Staff, and Major Doughty, from do. to do.
    1 315.54

    “
    39.
    Ditto, for forage due the field and Staff Officers, from July 1st. 1787, to April 1st. 1788
    702.

    “

    “
    40.
    Ditto, being his expenses from 8th. February 1788, to 17th. May 1788, and from December 28th. to 21st. October 1789
    398.

    Nov.
    11th.
    “
    41.
    Capt. Henry Burbeck, being for subsistence due himself, Lieut. John Pierce, and Doctor Heyward, from 1st. April 1788, to September 1st. 1789; and for do. due to Lieut. Wm Moore, from 1st. May 1788, to September 1st. 1789
    604.

    “
    “
    “
    42.
    Contingent Account, for sundry expenses of Office, from October 5th. to November 9th. 1789, as per vouchers,
    62.60.

    “
    “
    “
    43.
    William Price, D: C: Military Stores, for his subsistence from 1st. April 1788, to 1st. January 1789
    72.

    “
    “
    “
    44.
    Lieut. Moses Porter, for his subsistence for April, May, June, July and August 1789
    40.

    “
    “
    “
    45.
    Lieut. Colonel Henry Jackson for his pay, subsistence and forage due him from 1st. May to 15th. June 1787
    141.

    Nov.
    11th.
    No.
    46.
    Capt. Henry Burbeck, being for one and a half months pay for himself, two Lieutenants, one Surgeon’s mate, three serjeants, two corporals, one musician, and thirty privates; also three months pay for one musician and three privates of his Company, which completes three full months pay to his whole Company, on account of pay due for 1789
    450.

    “
    “
    “
    47.
    Captain Henry Burbeck, being for three months pay due Wm Maloney, a private in Ensign Luse’s detachment at Westpoint
    12.

    “
    “
    “
    48.
    Captain Joseph Savage, being for two months pay for himself, two Lieutenants, two Serjeants, two Corporals, one musician and eight privates; Also one and a half month’s pay of one musician and fourteen privates of his Company
    383.45.

    “
    “
    “
    49.
    Brigadier General Stark, for his pay, for January and February 1782
    250.

    “
    “
    “
    50.
    Lt. E: S: Fowle, for expenses incurred by him after deserters
    13.

    “
    “
    “
    51.
    Lt. Wm. Moore, for his extra-pay allowed him for doing the duty of Paymaster, for the post of West-Point and Springfield, from the 1st. July to September 30th. 1787
    30.

    “
    “
    “
    52.
    Captain John Smith, being for a half month’s pay for recruiting
    147.

    “
    “
    “
    53.
    Contingent Account for sundry Contingencies of Office, from November 6th. to 31st. December 1789
    24.10.

    1790

    Janry.
    7th
    “
    54.
    Lt. John Pierce, for a half month’s pay to recruits raised for Capt. Burbeck’s Company, and Captain Savage’s, at West Point
    60.

    “
    “
    “
    55.
    William Hoch, a private in Major Doughty’s Company of Artillery, for one month’s pay on account
    4.

    “
    22
    “
    56.

          Lt. John Mercer, being for a Warrant drawn in his favor, the 5th. of March 1787, for half month’s pay to nineteen recruits, and opposed to his pay in settlement to the 1st. of Jan: 1787, for which Ensign Luse has accounted to the public in his settlement.
          }
          …

    38.

    “
    27th.
    “
    57.
    Capt. John Smith, on account of recruiting his Company
    100.

    Feby.
    1st.
    “
    58.
    Lieut. William Moore, for one month’s pay
       26.

    24,967.⁹⁷⁄₉₀

    is
    24,967.87.

    “
    9th.
    “
    59.
    Captain A. Paulint, late of Hazen’s regiment, for subsistence for May 1786
    12.

    “
    18th.
    “
    61.
    Lieut: John Pierce, being to complete one month’s pay to a detachment of recruits at Westpoint
    216.50.

    Feby.
    20th.
    No.
    60.
    Lieut. John Pierce, on account of recruiting Capt. Burbeck’s Company
    50.

    “
    “
    “
    62.
    Major William North, for his pay and subsistence, of Captain and Inspector from May 1st. 1787, to June 25th. 1788; and also for the pay, subsistence and clothing of his servant, during the same time
     1272.62.

    Dollars,
    26,518.99.

Auditor’s Office, March 9th. 1790.

Dr.
{
The United States of America, in Account Current; with Joseph Howell, jun. P: M: G: since the 10th. September 1789.

     on the present Government
Cr.

To Amount of sundry payments since the 10th September 1789, per Abstract
26.518.99
By balance of an account settled with the United States, ending the 9th. September 1789
107.605. 7

Balance due the United States
105.263.62.
Octo: 10th. By Sam: Meredith Esqr. Treasurer, for a Warrant on him, No. 79, for
 24.177.54.

Dollars
131.782.61.
Dollars
131.782.61.

Auditor’s Office, March 9th. 1790
Pay Office, New York, March 9th. 1790. Joseph Howell: p:m: genl.

Treasury Department, Register’s Office, November 21st. 1792.
I certify that the above is a true Copy, the Original of which, with the Vouchers therein referred to, are filed on record in this Office.
Joseph Nourse, Register.

    No. III.

    Joseph Howell, acting paymaster General, in Account  with the United States
    Dr.

    To Balance of Account ending the 28th. February 1790, as settled at  the Treasury, per Auditor’s report, No. 171, dated 9th. March  1790
    105.263.62.

    To Amount of the following Warrants in his favor on Samuel Meredith, Treasurer of the United States, Viz:

                      No. 269

                      2242.

                      506

                      2500.

                      612

                      811.

                      658

                      8438.

                      662

                      1906.20

                      714

                      500.

                      733

                      3000.

                      734

                      10.000.

                      737

                      3000.

                      739

                      10.926.

                      775

                      15.000.

                      785

                      5000.

                      835

                      6000.

                      877

                      5000.

                      929

                      10.000.

                      930

                      11.002.20.

                      935

                      10.000.

                      949

                      15.000.

                      982

                      10.000.

                      1011

                      18.500.

                      1031

                      22.500.

                      1044

                      8000.

                      1065

                      40.000.

                      1081

                      20.000.

                      1099

                      13.387.44

                      1104

                      32000.

                      1167

                      7.500.

                      1183

                      4.000.

                      1220

                      7.000.

                      1229

                      2554.59

                      1231

                      5.000.

                      1240

                      5000.

                      1246

                      8.296.53.

                      1500

                        1.500.

325.563.96.

To amount of Warrant, No. 2152, dated 12th. October 1792, being for monies received from the 20th. September 1791, to January 3d. 1792, from the Bank of North America, by virtue of letters of credit from the Secretary of the Treasury
156.595.56.

N:B: Six thousand dollars of this sum received by the acting paymaster General, the 3d. January 1792, is not included in his accounts, as the receipt thereof was subsequent to the period, to which they are rendered.

To this sum placed to his debit, on the books of the Treasury, for monies advanced to the following Officers, by John Habersham, Agent for supplying the troops in the State of Georgia, Viz

Captain John Smith
324.

—— Joseph Savage
25.

—— Henry Burbeck
310.

    659.

Dollars
588.082.14.

    Joseph Howell, acting paymaster General, in Account with the United States——
    Cr.

    By Amount of his disbursements from March 9th. 1790, to 31st. December 1791, arranged under the following heads, Viz:

    Pay of the troops and militia, including the subsistence and forage of Officers, and arrears of Clothing due to sundry persons Dollars
    344.823.71.

    From which deduct, as follows, Viz:

    This sum repaid by Samuel Armstrong, late paymaster of the 8th. Massachusetts regiment being a balance of pay remaining in his hands on settlement of his accounts
    256.40.

    Ditto received of Oliver Beers, administrator to the estate of Isaac Hubbel, for the balance due on settlement of the accounts of the latter, as paymaster to the second regiment of Artillery
    977.96.

    Ditto refunded by George Porter, for so much overpaid him, in the balance of pay due to Edward Barnard deceased
    10.

    Ditto repaid by Major J: P: Wyllis; being a balance in his hands, on the settlement of an Account, for the pay of troops under his command
    752.60.

    Ditto repaid by John Belli, paymaster to the Kentuckey militia, being the pay of sundry guides who had been previously paid
    167.66

          Ditto refunded by John Shryer, Assignee to sundry soldiers, for so much paid him on account of Thomas Jones, one of his Assignors, who had been previously paid
          }
          …

    53.33.

    This sum overcharged in Vouchers, No. 116 and 120
    6.

    Ditto returned by William Findley, as pay due to sundry absentees of the Pennsylvania militia, being a part of dollars 5.139¹³⁄₁₀₀ received by him, for the pay of said Militia.
    394. 9.

    Ditto received of Major General Trescott, for the balance of his account, to the time of his resignation.
    22.48

    Amount of errors and overcharges, in the pay of sundry soldiers, per list
     56.34.

    2.690.92

    342.132.79

    By Contingencies of the pay Office
    14.93

      Ditto of War Department
    11.843.98

    From which deduct this sum, being a balance due by  Constant Freeman, on the settlement of his Account  of Expenditures
      243.32

    11.600.66

    By Quarter Master’s department
    61.166.20.

      Indian do
    32.379.78.

    By Hospital Department
    4984.23.

    Deduct on error of addition in Doct. M: Scott’s account  for medicines and attendance
       2.68

    4981.55.

    By Surveying Department
    1000.

      Ordnance do
    1455.29.

    Deduct an Overcharge in Joseph Cranch’s account
        80.

    1454.49.

    By Bounties advanced for the recruiting service and premiums to Officers  for inlisting men
    25.792.

    Deduct this sum repaid by Lieut. Matthew Ernest, being  the balance of his recruiting account
       124.

    25.668.

    By Subsistence
    24.917.32½

          By Arrears of pay and subsistence due to sundry Officers and  privates of the late Army in the years 1782, and 1783
          }

    1.346.10.

    By the following sums advanced to the undernamed persons, pursuant to instructions received from the Secretary of the Treasury, Viz:

    John Hopkins, Loan Officer for the State of Virginia,  to discharge the arrears of pay and subsistence, due  to the Officers and privates of the late line of said State
    22.213.51.

    William Skinner, Loan Officer for the State of North  Carolina, to discharge the arrears of pay due to the  non-commissioned Officers and privates of the late  line of said State
    17.320.66
    39.534.17.

    By this sum charged to him for monies advanced the following Officers, by John Habersham, agent for supplying the troops in the State of Georgia, for which he is now entitled to credit, the Officers being respectively held accountable therefor, in the books of the Pay Offic, Viz

          Captain John Smith
          324.

          ———— Joseph Savage
            25.

    349.

    By this sum placed to his credit on the books of the Treasury,  being so much accounted for by Captain Henry Burbeck, agreeably  to the Auditor’s report, No. 2929
    310.

    By Balance due to the United States, 31st. Dec: 1791
    41.227.14½

    588.082.14

The foregoing is the Copy of a Statement just completed in this Office, although it has not yet been reported on by me to the Comptroller of the Treasury: I believe it to be correct, and now forward it for the information required by the resolution of the House of Representatives of the 13th. instant.
It may be proper to observe, that the credits comprised under the different heads, have been collected and arranged from the Accounts and Vouchers of Mr. Howell, and that they are composed, in part, of advances made to persons, who had not accounted for the application, at the time, to which Statement extends.

  Treasury Department, Auditor’s Office 24th. November
    1792.
  R: Harrison, Auditor.


Title: To Alexander Hamilton from Tench Coxe, 8 December 1792
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, December 8, 1792. Asks if anyone has been appointed keeper of “the Chessapeak Light House.”


Title: From Alexander Hamilton to Benjamin Lincoln, 10 December 1792
From: Hamilton, Alexander
To: Lincoln, Benjamin

Treasury Department, December 10, 1792. “The Collector of Wiscassett has applied to this Office for a supply of blank Certificates of Registry. I have to request that you will, for the present, transmit him a dozen blanks without delay. He has been directed to apply in future to you in due time—naming the quantity required.…”


Title: To Alexander Hamilton from Jeremiah Olney, 10 December 1792
From: Olney, Jeremiah
To: Hamilton, Alexander

Custom HouseDistrict of Providence 10th. Decer. 1792

The Legislature of the United States having been pleased to Appoint you to the important Office of Superintending a due Collection of the Revenue, I have upon deliberate consideration, deemed it expedient that you should be made acquainted with my particular conduct, as an officer of the Customs, in respect to the late Suit of a Bond taken for duties, complained of by Welcome Arnold Esquire, and which has been the Subject of a Juditial investigation and decision. With this view I take the Liberty Sir, respectfully to enclose for your perusal a Statement of Facts relative to that Transaction, which in my own Justification, I have been compelled to Submit to the consideration of a number of Gentlemen who have heared Mr. Arnolds representation; and I am happy to add, that it has met with general approbation.
I have furnished Mr. Arnold with a Copy of my Statement, but cannot learn that he has made any reply to it, either public or private.
I intreat Sir, that you will consider the Embarrasements I continually meet with from this Gentleman’s disposition to oppose the legal execution of my Duty, as my apology for the Trouble I am now about to give you in the perusal of my vindication.
I have the Honor to be   with great consideration   Sir   Your Most Obed. and Most Hum. Servt.

Jereh. Olney Collr.
Alexander Hamilton Esqr.Secretary of the Treasury.


Title: From Alexander Hamilton to the President and Directors of the Bank of the United States, 12 December 1792
From: Hamilton, Alexander
To: President and Directors of the Bank of the United States

Treasury DepartmentDecember 12. 1792.
Gentlemen

I have to request that you will furnish Young and Dannacker, upon the principles heretofore agreed upon, with such a further sum of money, as, when added to the advances already made to them, will amount to ten thousand Dollars.
I have the honor to be,   Gentlemen, Your Obedt Servt.

Alexander Hamilton
The President and Directorsof the Bank of the U States.


Title: From Alexander Hamilton to William Channing, Jeremiah Olney, and John S. Dexter, 12 December 1792
From: Hamilton, Alexander
To: Channing, William,Dexter, John S.,Olney, Jeremiah

Treasury DepartmentDecr. 12. 1792
Gentlemen.

I have yet to reply to your letter of the 3d. ultimo, and to acknowledge with approbation the attention which you have paid to the subject communicated in my letter of the 22d. Octr.
I do not clearly understand whether the Stock which was deposited with the Commissioner of Loans, remains still in pledge, or not. If it does, I request that it may be released, and restored to the Bank.
With great consideration   I am Gentlemen   Your Obed. servant

A Hamilton
The Attorney of the Districtthe Collector, andSupervisor of the RevenueRhode Island.