| PREVIOUS | NEXT | NEW SEARCH |
A Century of Lawmaking for a New Nation: U.S. Congressional Documents and Debates, 1774-1875
Journals of the Continental Congress --[March 2.]
[Motion of Delegates of New York.]
Whereas the Senate and Assembly of the State of New York have by their concurrent Resolutions declared as follows:
Page 91 | Page image
State Of New York:
In Senate, Februy. 7th., 1786.
Whereas it appears to this Legislature, That in October, 1782, there remained unissued in the hands of Abraham Yates Junr. Esquire Continental Commissioner of Loans within this State 25,172 41/90 and 6/8 Dollars of the Paper Money commonly called New Emission Money, part of the 4/10 assigned to the use of the United States, agreeable to the Act of Congress of the 18th. March, 1780, and the Act of this State of the 15th. June, 1780, in conformity thereto; That of the said 25,17241/90 and 6/8 Dollars 21,892 Dollars have been put into Circulation by the Continental Board of Treasury subsequent to the Act of Congress of the 27th. September, 1785, the remaining 3,28041/90 and 6/8 Dollars having been appropriated from time to time by the said Commissioner of Loans, as in part for his Salary and Pay for his Clerks; That by the said Act of Congress of the 27th. September, 1785, there is required of this State 85,4953 30/90 Dollars in Specie for the use of the United States to be appropriated as in the said Act is mentioned; That the said Sum of 21,892 Dollars, has consequently been appropriated in discharge of part of the Federal debt.
Thereupon Resolved, That when the Legislature passed the Actor the 12th. May, 1784, for the immediate Sate of the Confiscated Estates, by which a Fund was established for the Redemption of the New Emission Money in Specie, it was not in Contemplation to Redeem such part thereof as then remained in the Continental Loan Office within this State. That as the Funds established for such Redemption were Predicated on the Sum, then actually 25,17241/90 and 6/8 Dollars with the Interest accrued thereon. That the Legislature will nevertheless by Law, direct the Treasurer, immediately to Redeem the said 25,1724 41/90 and 6/8 Dollars with the Interest accrued thereon in Specie. Provided the United States in Congress assembled shall direct, that the Sum of 25,1724 41/90 and 6/8 Dollars and the Interest accrued thereon, be Carried to the Credit of this State in the Specie Requisition contained in the said Act of the 27th. September, 1785, and to Charge this State in an equivalent in Old Continental Money, agreable to the Ratio established in the Act of Congress of the 18th. March, 1780.
Resolved, That the above Resolution be Signed by the President of the Senate and Speaker of the Assembly, and be by them transmitted
Page 92 | Page image
to the Delegates for this State in the Congress of the United States to be laid before that Honorable Body in Order to Obtain the Credit aforesaid.
By Order of the Senate:
Pierre Van Cortlandt,
Presdt.
By Order of the Assembly:
John Lansing, Junr.,
Speaker.
Resolved, That the Treasurer of the United States be and he is hereby directed to Credit the State of New York with the sum of 25,1724 41/90 and 6/8 Dollars aforesaid as part of that States proportion of Specie required by the Requisition of Sep. 17, 1785, and charge the said State in an Equivelent in old Continental Money agreeable to the Ratio established in the Act of Congress of the 18th. March, 1780.1
[Note 1: 1 This motion, in the writing of John Lawrance, is in the Papers of the Continental Congress, No. 67, II, folio 519. The New York legislature's proceedings are on folio 521. According to indorsement the motion was referred to the Board of Treasury to report and report rendered March 7. It was acted on March 10.
March 2: The following committees were appointed:
Mr. [John] Lawrance, Mr. [Henry] Lee and Mr. [James] Monroe, "to report on the rights of Congress over their Members." This committee was discharged April 17, 1786. This was, apparently, a motion, offered this day.
Mr. [Charles] Pinckney, Mr. [Rufus] King and Mr. [John] Lawrance, on "Report of board of treasury of 17 July on Note of Sr. Marbois. do of 8 feby. on note of Mr. Otto." April 10 this committee was discharged and the papers referred to the Board of Treasury to report.
Mr. [William] Hindman, Mr. [Stephen Mix] Mitchel and Mr. [Arthur] St. Clair, on "memb Adam Jamison Loss of his vouchers and settlemt of his acct" This committee was discharged August 2, 1787, and "the papers being in hands of Mr. Carrington a new comee. appe.". The memorial, dated February 14, is in No. 41, IV, folio 499. According to Thomson's indorsement it was referred August 2 to a committee and Roger Alden notes that it was acted on September 28, 1787.
Also, a memorial of William Shattuck was this day referred to the Board of Treasury to report. It is in No. 41, IX, folio 375, and was for reimbursement for losses inflicted by the inhabitants of the New Hampshire Grants. It bears George Clinton's certificate and is indorsed by Thomson as read March 2 and by Alden as reported on April 17, 1786.
Committee Book No. 190.]
PREVIOUS SECTION .. NEXT SECTION .. NAVIGATOR
| PREVIOUS | NEXT | NEW SEARCH |