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Warren, Bristol County, Rhode Island
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Letter from Washington on January 10 reports congressional committees' unfavorable stance on the National Bank, support for army recruitment with bounties and new regiments, and Treasury's estimate of $40 million expenditure needing a $30 million loan for 1814.
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This day the committee of Ways and Means reported unfavorably respecting the National Bank. The Military committee have also reported in favor of filling up the army promptly, by offering a bounty of 100 dollars to each recruit, and 10 dollars per month wages.--They also propose raising several additional regiments.
The Secretary of the Treasury estimates our expenditure for the year 1814 at about 40 millions of dollars, and will want a loan of thirty millions of dollars.
ib.
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Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
January 10, 1814
Event Details
The committee of Ways and Means reported unfavorably on the National Bank. The Military committee reported in favor of filling the army by offering $100 bounty to each recruit and $10 per month wages, and proposed raising additional regiments. The Secretary of the Treasury estimated 1814 expenditures at about $40 million, requiring a $30 million loan.