2074. DEBT (United States), Reduction of.—[further continued].
Eleven millions and a
half of dollars, received in the course of the
year ending on the 30th of September last,
have enabled us, after meeting all the ordinary
expenses of the year, to pay upwards of
$3,600,000 of the public debt, exclusive of
interest. This payment, with those of the two
preceding years, has extinguished upwards of
twelve millions of the principal, and a greater
sum of interest, within that period.—
Fourth Annual Message. Washington ed. viii, 38.
Ford ed., viii, 331.
(Nov. 1804)
