Dollars, 14,517,797 18 5,620,308 15 Dollars, 14,517,797 18 Balance in the Treasury, subject to warrant, Sept. 30, 1810 | 3,459,029 72 F. At a meeting of the Commissioners of the Sinking Fund, held on the 26th day of April, 1810. Present-JOHN GAILLARD, President of the Senate, pro tempore. ALBERT GALLATIN, Secretary of the Treasury. CESAR A. RODNEY, Attorney General of the United States. The Secretary of the Treasury reported to the Board "That the payments to be made during the present year, on account of the interest of the debt, including the annual reimbursement of six per cent. and deferred stocks, are estimated at Leaving a sum of in order to complete the annual appropriation of 26 100 $4,100,000 3,900,000 $8,000,000 Which the market price of stocks, being above the rate fixed by law for purchases, can only be applied to the reimbursement of the six per cent. exchanged stock, amounting to 3,751,125 dollars, in conformity with the provisions of the act supplementary to an act, entiled "An act making provision for the redemption of the whole of the public debt of the United States." Whereupon, resolved, That the residue of the exchanged six per cent. stock be reimbursed during the present year, in conformity with the act last mentioned. Signed-JOHN GAILLARD, President of the Senate, pro tempore. ROBERT SMITH, Secretary of State. ALBERT GALLATIN, Secretary of the Treasury. C. A. RODNEY, Attorney General of the United States. Attest-EDWARD JONES, Secretary to the Commissioners of the Sink ing Fund. G. JAMES MADISON, President of the United States of America, to ALBERT GALLATIN, Secretary of the Treasury. By virtue of the act, entitled "An act authorizing a loan of money for a sum not exceeding the amount of the principal of the public debt, reimbursable during the year one thousand eight hundred and ten," passed on the first day of May, one thousand eight hundred and ten. I do hereby authorize and empower you, by yourself, or any other person or persons, to borrow, on behalf of the United States, of the Bank of the United States, any sum, not exceeding, in the whole, three millions seven hundred and fifty thousand dollars, and to make, or cause to be made for that purpose, such contract as shall be necessary, and for the interest of the said States, pursuant to the act aforesaid. And for so doing, this shall be your warrant. Given under my hand, at Washington, this twenty-eighth day of May, in the year of our Lord one thousand eight hundred and ten. JAMES MADISON. (Signed) H. Articles of agreement between Albert Gallatin, Secretary of the Treasury of the United States, of the one part, and the President, Directors, and Company of the Bank of the United States, of the other part, made and concluded the thirtieth day of May, one thousand eight hundred and ten. Whereas, by the act, entitled "An act authorizing a loan of money for a sum not exceeding the amount of the principal of the public debt, reimbursable during the year one thousand eight hundred and ten," passed the first day of May, eighteen hundred and ten, the President of the United States is authorized and empowered to borrow, or cause to be borrowed of the Bank of the United States, a sum not exceeding the amount of the principal of the public debt, reimbursable during the year one thousand eight hundred and ten: And, whereas, the President of the United States, by his warrant, bearing date the twenty-eighth day of May, one thousand eight hundred and ten, and directed to the said party of the first part, did authorize and empower him to contract with the said parties of the second part, for a loan of three millions seven hundred and fifty thousand dollars, in conformity with the provisions of the act aforesaid: Now, therefore, these presents witness, that pursuant to the authority aforesaid, it hath been, and is hereby agreed, by and between the said parties of the first and second part, as followeth-viz: First--The said President, Directors, and Company, shall lend to the United States, the sum of three millions seven hundred and fifty thousand dollars, to be advanced at their Banking House in Philadelphia, on the thirty-first day of December, one thousand eight hundred and ten. Second-The said sum so to be advanced as aforesaid, shall bear interest at the rate of six per centum per annum, from the date before-mentioned, payable quarter yearly to the said parties of the second part, during the continuance of the said loan. Third-The United States shall reimburse, or repay to the said Bank of the United States, the said sum of three millions seven hundred and fifty thousand dollars, with the interest which may be due thereon, on the thirtyfirst day of December, one thousand eight hundred and eleven; reserving, nevertheless, to the said parties of the second part, (in case they do not obtain a renewal of their charter at the next session of Congress,) the right to demand and receive re-payment at an earlier period, they giving three months previous notice to the party of the first part, of such their intention. In testimony whereof, the said Secretary of the Treasury hath caused the seal of the Treasury to be affixed to these presents, and hath hereunto subscribed his hand; and the said President, Directors, and Company, have also caused the seal of the Bank of the United States to be affixed to the same, the day and year aforesaid. (Signed) **** Seal of the ALBERT GALLATIN, D. LENOX, President of the Bank of the United States. I. Whereas, by an agreement between the Secretary of the Treasury of the United States, and the President, Directors, and Company of the Bank of the United States, dated the thirtieth day of May, one thousand eight hundred and ten, it was stipulated on the part of the President, Directors, and Company aforesaid, that they would lend to the United States the sum of three millions seven hundred and fifty thousand dollars, to be paid in Philadelphia, on the thirty-first day of December, one thousand eight hundred and ten: And, whereas, the two contracting parties have lately agreed that the amount of the loan stipulated to be made to the United States in the agreement before recited, shall be reduced: Now, therefore, these presents witness, that the sum to be loaned to the United States by the President, Directors, and Company of the Bank of the United States, on the thirty-first day of December ensuing, shall be fixed at two millions seven hundred and fifty thousand dollars; any thing in the former agreement to the contrary notwithstanding. In testimony whereof, the Secretary of the Treasury hath caused the Seal of the REPORT ON THE FINANCES. NOVEMBER, 1811 In obedience to the directions of the act supplementary to the act, entitled "An act to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report and estimates. RECEIPTS AND EXPENDITURES. 1. To the end of the year 1811.-The actual receipts into the Treasury, during the year ending on the 30th of September, 1811, have consisted of the following sums, viz: Customs, sales of lands, arrears, repayments, and all other branches of revenue, amounting together, as appears by the statement (E.) to Temporary loan of 31st December, 1810, Total amount of receipts, - $13,541,446 37 Making, together with the balance in the Treasury on the 1st of October, 1810, and amounting to 2,750,000 00 $16,291,446 37 3,459,029 72 An aggregate of - $19,750,476 09 The disbursements during the same year, have been as follows, viz: Civil Department, including miscellaneous expenses, and those incident to the intercourse with foreign nations, Army, Fortifications, Arms, and Arsenals, Total current expenses, - $7,994,584 91 Reimbursement of the temporary loan (in March and September, 1811,) Payments on account of the principal of the public debt, Amounting together, as will appear more in detail by the $15,802,657 73 3,947,818 36 $19,750,476 09 The actual receipts, arising from revenue alone, and exclusively of the temporary loan since reimbursed, appear, from this statement, to have exceed |