Gazette Of The United States, & Philadelphia Daily Advertiser

The following Report of the Secretary of the Treasury to the Commissioners of the Sinking Fund (which formed a part of the Report of the Commissioners of the Sinking Fund laid before the Legislature of the United States on the 5th instant) we doubt not will prove highly interesting particularly to such of our readers as are interested in the Public Funds; we, therefore, have obtained a copy of it for publication:

REPORT.

The Secretary of the Treasury respectfully reports to the Commissioners of the Sinking Fund,

THAT no purchases of the Debt of the United States have been made since the date of the last report to Congress, on the sixteenth day of December, one thousand seven hundred and ninety-six; and that the sums heretofore purchased, amount to two millions three hundred and seven thousand six hundred and sixty-one dollars and seventy-one cents, for which there have been paid in specie the sum of one million six hundred and eighteen thousand nine hundred and thirty-six dollars and four cents, as will more particularly appear from the document hereto annexed, marked A.

That exclusive of certain reimbursements to the Bank of the United States, which were reported to Congress on the twenty-fifth day of January, one thousand seven hundred and ninety-seven, the following sums have been applied towards the discharge of the principal Debt of the United States, during the present year.

1st. To the second installment of the six per cent. stock, bearing a present interest, which, pursuant to the act entitled "An act making further provision for the support of public credit and for the redemption of the public debt," passed on the third day of March, one thousand seven hundred and ninety-five, and the act in addition thereto passed on the twenty-eighth day of April, one thousand seven hundred and ninety-six, became payable on the first day of January, one thousand seven hundred and ninety-seven, the sum of Dollars 641,674 76

2d. To the payment of a loan, obtained of the Bank of New-York, pursuant to the act entitled "An act making provision for the payment of certain debts of the United States," passed on the thirty-first day of May, one thousand seven hundred and ninety-six. 320,000 00

3d. To the payment of part of a loan obtained of the Bank of the United States, pursuant to an act entitled "An act making further appropriations for the military and naval establishments and for the support of government," passed on the third day of March, one thousand seven hundred and ninety-five. 260,000.00

4th. To the payment of part of a loan had of the Bank of the United States, pursuant to an act entitled "An act authorizing a loan of two million of dollars," passed on the eighteenth day of December, one thousand seven hundred and ninety-four. 300,000

5th. To the payment of premiums which fell due in the present year on the loan, of two million of guilders obtained in Holland, on the ninth day of March, one thousand seven hundred and eighty-four, being two hundred thousand guilders, estimated at forty cents per guilder. 80,000.00

6th. To the payment of the installment of one million of guilders in Holland, which fell due the present year, pursuant to a contract dated June the eleventh, one thousand seven hundred and eighty-two, estimated at forty cents per guilder. 400,000 00

Amounting in the whole to Dollars 2,001,674 76

The Secretary has not yet received official information that the installment last mentioned has been actually discharged, but he considers the fact as certain, as it is known that sufficient remittances had reached Amsterdam, and that the Commissioners had engaged that the reimbursement should be effected on the first day of September last.

The payments before enumerated have been made out of the following funds.

1st. The proceeds of six hundred and twenty shares of the capital stock of the Bank of the United States, which have been sold in pursuance of the act entitled "An act making provision for the payment of certain debts of the United States," the proceeds of which have been placed in the Treasury, as appears from the proceedings of the accounting officers herewith transmitted, marked B, showing the dates and particulars of the said sales. Dollars 304,260 00.

2d. The proceeds of eighty thousand dollars of the six per cent. stock authorized to be constituted by the act before mentioned, which have been sold and placed in the Treasury, as will appear by the proceedings of the accounting officers of the Treasury herewith transmitted marked C, showing the dates and particulars of the said sales. 70,000 00

3d. The Interest fund, or the sums which accrued upon the stock purchased and vested in the Commissioners of the Sinking Fund in trust for the United States, as particularly stated in the documents hereto annexed, marked D 89,159 57

4th. The fund arising from the payment of debts, which originated prior to the present Constitution of the United States, also particularly stated in the document marked D 2. 10,274 38

5th. The funds arising from established Revenues, and appropriated for the redemption being for the period, and in reference to the objects contained in this report. 1,527,980 81

Making in the whole a sum equal to the reimbursements before-mentioned, Dollars 2,001,674 76

The growing produce of the Interest Funds, the receipts for sales of Lands in the North Western Territory, together with the sums received and expected from the established Revenues, are estimated by the Secretary as sufficient for, the reimbursement of two installments of Loans heretofore obtained of the Bank of the United States, which will fall due at the close of the present year, amounting to four hundred thousand dollars, and to the reimbursement of the third, installment of the six per cent. stock, bearing a present interest; a statement of the amount and application of the said funds will be exhibited to the Board with the next reports

All which is most respectfully submitted, by

Treasury Department, November 30th, 1797

OLIVER WOLCOTT, Secretary of the Treasury.

(A.)

Statement of the Purchases of Public Stock by the Agents to the Trustees named in the act for the Reduction of the Public Debt.

Total amount of stock purchased by the agents Six per Cent. Three per Cent. Deferred Stock. Amount of the several Monies expended in purchasing debt: to the Trustees, as pr. report to the House of Representatives dated 16th December 1796. 907,816 64 511,860 63 1887,984 44 2,307,961 71

1,618,936 04

I do hereby certify that the Trustees named in the acts for the reduction of the Public Debt, have credit on the books of the several Stocks at the Treasury of the United States for the sums above stated in the several columns of six per cent. three per cent. and deferred stock, and the amount thereof being public debt extinguished by their purchases is two millions three hundred and seven thousand six hundred and sixty-one dollars and seventy-one cents, for which the sum of one million six hundred and eighteen thousand nine hundred and thirty-six dollars and four cents in specie, was paid from the public Treasury from the following funds, viz.

Surplus duties to the end of the year 1790. Amount purchased Six per Cent. Three per Cent. Deferred Stock 957,770 65 439,016 12 401,072 90 631,786 18

Species of Stock 1,471,875 88

Loan of 2,000,000. Interest on stock purchased & redeemed. 226,263 50 434,901 89 Do. Do. 115,195 57 353,604 95 70,055 31,731 94 79 37,588 66 10 312,860 522,925 1,281 55

1,618,936 04 907,816 64 511,860 64 887,984 44 2,307,661 71

Treasury Department, Register's Office, Nov. 21, 1797.

JOSEPH NOURSE, Reg.

(B.)

A particular account of the Sales of six hundred and twenty shares in the Bank, of the United States, being a part of five thousand shares subscribed to the said Bank by the United States, under the act of incorporation, dated the 25th Feb. 1791, and which the Commissioners of the Sinking Fund sold under the authorities contained in the "Act making provision for the payment of certain debts of the United States, passed the 31st May 1796"

183 shares at 480 dollars, 137,760 335 ditto at 500 166,500 620

(C.)

Account of Sales of Six per Cent. Stock made by the Bank of New-York for Account of The United States. the amount drawn by the Agent pursuant to the act of the 8th of March 1797: "No 85 12, dated Feb. March. Eighty thousand dollars of six per cent. stock sold this day to the New-York Insurance Company at seventeen shillings and six pence in the pound, one half payable in cash, the other half in sixty days,... 70,000

Bank of New-York, March 3, 1797 Treasury Department, Reg. Office; Nov: 21: 1797

CHA. WILKES, Cash.

Date of Sale.	To whom sold.	Drawers of Notes.	Indorsers.	When due.	Amount.	No. of Shares.	Rate per cent.	Place ref.id.
1797. April 1	Samuel Sterret	Samuel Sterret	T. & I. Ketland & George Harrifon	7977	8,160		20 p. cent
Ditto	Ditto	Willings & Francis & George Harrifon	10	8,160		20 p. cent
Ditto	John Leamy	J. Crawford & Co. & W. Knox & Co.	10	15,840	100	advance.
Ditto	Francis & John Weft	N. & I. Frazier & Neffitt & Co.	13	7,860		Ditto
Ditto	Ditto	John Donaldton & Neffitt & Co.	13	8,160		Ditto
William Bingham	William Cramond	Willings & Francis & William Bingham	12	14,400	39	Ditto
Willings & Francis	Willings and Francis	W. Bingham & Willings & Francis	12	60,000	125	Ditto
Henry Kuhl	Henry Kuhl	Frederick Kuhl & George Simpson	11	4,800	10	Ditto
Thomas Willing	Thomas Willing	William Bingham & George Willing	13	7,680	16	Ditto
Joseph Anthony	Joseph Anthony	Robert Smith and A. C. Dawes	13	380	6	Ditto
Ditto	Joseph Anthony, jun.	Brown & Joyes & J. Anthony & Co.	13	2,590		Ditto
David Jackfon	David Jackfon	H. & S. Johufon & Co. & R. Smith	14	5,000	10	25 p. cent.
15	John Coles	William Cramond	L. De Noailles and J. C.	17	12,500	25	Ditto
18	John Vaughan	John Vaughan	Johf Miller & Co. & William Bell.	17	5,000	10	N.Y.
—	John Steinmetz	John Steinmetz	Jno Steinmetz & J Ball & A Zantzelinger	17	10,000	20	—
—	Comfort Sands	Comfort Sands	H and I Johnfon & Co. & I Clafon & Co.	18	12,500	25	—
19	John Miller & Co.	John Miller, jun. & Co.	Robert Smith & Co. and J. C. Stocker	19	7,500	15	—
20	John Vaughan	John Vaughan	Samuel Sterret, Rofs and Simpson	20	5,000	10	—
21	Charles Baring, jun.	Charles Baring, jun.	John Ahley and Peter Blight	23	10,000	20	—
22	John Ahley	John Ahley	Charles Baring, jun. and P. Blight	23	10,000	20	—
	George Harrifon	George Harrifon	W. Read and Co. J. W. Francis	23	10,000	20	—
	T. & J. Ketland	T. & J. Ketland	Rofs and Simpson	20	10,000	20	—
	Phillips, Cramoud & Co.	Phillips, Cramoud & Co.	Simon Walker and J. Ahley	24	10,000	20	—
45	John Donaldfon	John Donaldfon	Edward Millner & James Crawford	24	1,500	3	—
Henry Phillips	Henry Phillips	P. Nicklin and Co. and I. Waddington	24	10,000	20	—
John Travis	John Travis	Phillips, Cramoud & Co. R. Smith and Co.	24	10,000	20	—
Samuel Ward	Samuel Ward	W. Conflable and J. Shaw	25	25,000	50	—
26	John Atkinson	John Atkinson	H. and S. Johnfon and Co.	27	6,500	13	—
28	H. & S. Johnfon & Co.	H. & S. Johufon & Co. John Atkinson	—	27	6,500	12	—

Statement of Monies arising from the payment of Debts which originated prior to the present Constitution, being the amount drawn by the Agent to the Trustees for the redemption of the public Debt, pursuant to the act of the 3d March 1795, and agreeable to a statement made at the Treasury No. 8512, dated January 4th, 1797, viz.

From Messrs. Furman and Hunt for balance of their account in the Quarter-Master General's Department 594

From Robert Townend Hoe, for damaged tobacco sold by the Commissioner of Loans in the State of Virginia on public account 371 44

From Edward Carrington, late Deputy Quarter-Master General, received by him for public property sold 1,846 85

From ditto, for so much received by him from the estate of George Webb, late Receiver of Taxes in the State of Virginia 1,330 62

From James Lovell; late Receiver of Continental taxes for the State of Massachusetts, being the balance due by him 1,999 79

From Edward Carrington, late, Deputy Quarter-Master General, received by him in part of a balance due by Erasmus Gill and Company 375 00

From ditto. received by him for public property sold, 629 34

From Rufus King, administrator to the estate of John Alsop, deceased, on account of sundry balances due by said Alsop and others 2,871 15

From the estate of Thomas Huggins, deceased in part of a balance found due by him as late Assistant Commissary of Purchases in Maryland 1,178 25

Ten thousand two hundred and seventy-four dollars and thirty-eight cents.

Treasury-Department, Reg. Office; Nov. 21,1797.

JOSEPH NOURSE, Reg

-89,159-57