A Century of Lawmaking for a New Nation: U.S. Congressional Documents and Debates, 1774-1875
Journals of the Continental Congress --TUESDAY APRIL 8TH.
Journals of the Continental Congress, 1774-1789
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Journals of the Continental Congress, 1774-1789
TUESDAY APRIL 8TH.
Link to date-related documents.Estimate of the debt of the U. S., reported by the Grand Committee.
Foreign Debt.
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To the Farmers General of France ... Livrs. 1, 000, 000
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To Beaumarchais ... 3,000,000
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To King of France, to the end of 1782 ... 28,000,000
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To do. for 1783 ... 6,000,000
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... Livrs. 38,000,000=$7,037,037
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Recd. on loan in Holland, 1,678,000 florins ... 671,200
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Borrowed in Spain by Mr. Jay ... 150, 000
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Int. on Dutch one year, at 4 Pr. Ct. ... 26,848
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Total for: debt ... $7,885,085
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Domestic Debt.
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Loan Office ... $11,463,802
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Interest unpaid for 1781 ... 190,000
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Do 1782 ... 1
[Note 1: 1 The correct amount is 687,828. See Journal April 29.]
687,823
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Credit to sundry persons on Treasury books ... 638,042
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Army debt to 31 Dr. 1782 ... 5,635,618
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Unliquidated do. ... 8,000,000
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Deficiencies in 1783 ... 2,000,000
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Total dom: debt ... $28,615,290
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Aggregate debt ... $36,500,375
Interest.
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On for: debt, 7,885,085, at 4 Per Ct. ... $315,403
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On dom: do., 28,615,290, at 6 do ... 1,716,917
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On com: ½ pay, estimated 5,000,000 at 6 do ... 300,000
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Bounty to be pd., estimd. 500,000, at do ... 30,000
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Aggreg of Int. ... $2,362,320
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 c.(d) 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.
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