To the President and Directors
of the Bank of the United States1
August 29 1792
Samuel Meredith, Esquire,2 having been constituted Agent to the Board of Commissioners for purchasing the debt of the United States, agreeably to a resolve of the Board of the 13th of July last,3 I have to request that you will cause to be passed to the Credit of the said Samuel Meredith, as Agent to the Board, the amount of all the Dividends which shall appear to be due to the Commissioners named in the Act, “making Provision for the Reduction of the public debt.”4 He will receipt in the dividend book as in other cases.
I have the honor to be, Gentlemen, Your Obedt Servant
Secy of the Treasy
The President and Directors
of the Bank of the United States.
LS, Office of the Secretary, United States Treasury Department.
1. Thomas Willing was president of the Bank of the United States.
2. Meredith was treasurer of the United States.
4. 1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 186 (August 12, 1790). Under this act the Vice President, the Chief Justice, the Attorney General, the Secretary of State, and the Secretary of the Treasury were appointed commissioners of the sinking fund. The appropriation of the interest on the debt purchased by the commissioners, to which H is referring, was made by Section 6 of “An Act supplementary to the act making provision for the Debt of the United States” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 282–83 [May 8, 1792]). This second act also changed the rules governing the commissioners in purchasing the debt.