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A Century of Lawmaking for a New Nation: U.S. Congressional Documents and Debates, 1774-1875
Journals of the Continental Congress --TUESDAY, SEPTEMBER 5, 1780
A letter, of June 1, and two of June 2, from the honorable John Adams, were read:2
[Note 2: 2 These letters are printed in the Diplomatic Correspondence of the American Revolution (Wharton), III, folios 750, 752, 758.]
A letter, of 4th, from James Jay was read.3
[Note 3: 3 This letter is in the Papers of the Continental Congress, No. 78, XIII, folio 179.]
Ordered, That it be referred to a committee of three:
The members chosen, Mr. [Nicholas] Van Dyke, Mr. [Abraham] Clark and Mr. [Jared] Ingersol.
A report from the Board of Treasury was read; Whereupon,
Ordered, That on the application of Mr. C. Griffin, one of the judges of the Court of Appeals in cases of capture, a warrant issue on the treasurer in his favour, for forty thousand dollars on account of his salary.4
[Note 4: 4 This report is in the Papers of the Continental Congress, No. 136, IV, folio 585.]
Treasury Office Sept 4th 1780
The Board beg leave to represent to Congress,
That in the opinion of the Board the United States are suffering greatly by receiving Loans and issuing Loan Office Certificates, under
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the present, established Regulation; for Remedy whereof, the Board submit the following Resolution
Resolved, That the Board of Treasury be, and hereby are, authorised to prepare loan office certificates, agreeably to the underwritten form, to the amount of one million dollars, equal in value to specie; and that the Board have power to stop the issuing all loan office certificates under former resolutions of Congress, so soon as the present are prepared to issue; and that all monies, after that period loaned, shall be loaned and received at specie value.
Dollars.Number
The United States of America acknowledge the receipt of the value ofSpanish milled dollars fromwhich they promise to pay to the said or bearer, in specie or other current money equivalent on theday ofwith interest annually, at the rate of six per cent. per annum, agreeably to a resolution of Congress passed the 5th day of September, 1780.
Witness my hand, this day of Anno Domini1
[Note 1: 1 This report is in the Papers of the Continental Congress, No. 136, IV, folio 567.]
Adjourned to 10 o'Clock to Morrow.
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