The writings of James Madison, comprising his public papers and his private correspondence, including numerous letters and documents now for the first time printed. |
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TUESDAY APRIL 8TH. |
 | The writings of James Madison, |  |
443
TUESDAY APRIL 8TH.
Estimate of the debt of the U. S., reported by the Grand
Committee.
| To the Farmers General of France Livrs. | 1,000,000 | |
| To Beaumarchais | 3,000,000 | |
| To the King of France, to the end of 1782 | 28,000,000 | |
| To do. for 1783 | 6,000,000 | |
| Livrs. | 38,000,000 | = $7,037,037 |
| Recd. on loan in Holland, 1,678,000 florins | 671,200 | |
| Borrowed in Spain by Mr. Jay | 150,000 | |
| Int. on Dutch one year, at 4 Pr. Ct. | 26,848 | |
| Total for. debt | $7,885,085 |
| Loan Office | $11,463,802 | |
| Interest unpaid for 1781 | 190,000 | |
| Do 1782 | 687,828 | |
| Credit to sundry persons on Treasury books | 638,042 | |
| Army debt to 31 Dr. 1782 | 5,635,618 | |
| Unliquidated do. | 8,000,000 | |
| Deficiencies in 1783 | 2,000,000 | |
| Total dom. debt | $28,615,290 | |
| Aggregate debt | $36,500,375 |
| On for debt, 7,885,085, at 4 Per Ct. | $315,403 |
| On domestic debt, 28,615,290, at 6 do | 1,716,917 |
| On commutation of half-pay, estimated at 5,000,000 at 6 do | 300,000 |
| Bounty to be pd, estimd. at 500,000, at 6 do | 30,000 |
| Aggreg of Int. | $2,362,320 |
444
A motion was made by Mr. Hamilton who had been absent on
the question on the 9th. paragraph of the Report on Revenue
assessing quotas, to reconsider the same. Mr. Floyd who, being
the only delegate from N. Y. then present on that question cd. not
vote, 2ded. the motion. For the argts. repeated see the former
remarks on the 7th. of Apl.
On the question the votes were Mas: no. R. I. no. Cont. no.
N. Y. ay. N. J. no. Pa. ay. Maryd., no. Virga. ay. S. C. no.
| The writings of James Madison, | |