1Introductory Note: Report Relative to a Provision for the Support of Public Credit, [9 January 1790] (Hamilton Papers)
Sources for the ideas expressed by Hamilton in his Report Relative to a Provision for the Support of Public Credit are both varied and difficult to assess. Public credit, or the terms on which a state may borrow, had been discussed in Europe by philosophers, government officials, and political pamphleteers for almost a century before Hamilton drew up his famous Report. Many Americans had also...
2Report Relative to a Provision for the Support of Public Credit, [9 January 1790] (Hamilton Papers)
[To the Speaker of the House of Representatives] The Secretary of the Treasury, in obedience to the resolution of the House of Representatives, of the twenty-first day of September last, has, during the recess of Congress, applied himself to the consideration of a proper plan for the support of the Public Credit, with all the attention which was due to the authority of the House, and to the...
3Enclosure: Schedule A, [9 January 1790] (Hamilton Papers)
SCHEDULE A Supposititious Statement of Accounts Between the United States and Individual States. States. Ratio. Balances due to the states respectively. Proportion of each state of the aggregate of those balances according to the ratio. Balances against certain states. Balances in favor of certain states. Proportion of each state in the aggregate of the balances against certain states....
4Enclosure: Schedule B, [31 December 1789] (Hamilton Papers)
SCHEDULE B A General Statement of the Foreign Loans, Shewing in Abstract, the Capital Sums Borrowed, and the Arrearages of Interest to the 31st December, 1789. Capital sums borrowed Livres. Dollars. Cts. Of the Royal French Treasury, on Interest at 5 per cent. 24,000,000 In Holland, guaranteed by the French Court, at 4 per cent. 10,000,000 Livres , 4,000,000 6,296,296 Of the Royal Spanish...
5Enclosure: Schedule C, [3 March 1789] (Hamilton Papers)
SCHEDULE C Abstract of the Liquidated and Loan-Office Debt of the United States, on the 3d March , 1789. Dollars. 90ths. Registered Debt, 4,598,462. 78 Credits given to sundries on the treasury books, by virtue of special acts of Congress, which are not yet put on the Funded Debt, 187.578. 65 Certificates issued by the commissioner of army accounts, deducting those which have been...
6Enclosure: Schedule D, [31 December 1789] (Hamilton Papers)
SCHEDULE D An Estimate of all the Interest Which Will Accrue on the Domestic Debt of the United States, From Its Formation to the 31st December 1790, of Such Partial Payments As Have Been Made on Account Thereof, and of the Balance Which Will Remain to be Provided for, to Pay Up the Interest Fully to That Period. Dollars. Cts. The total amount of interest arising on the loan-office debt,...
7Enclosure: Schedule E, [9 January 1790] (Hamilton Papers)
SCHEDULE E Abstract of the Public Debt of the States Undermentioned, Agreeably to Statements Transmitted in Pursuance of the Resolution of the House of Representatives of the 21st of September, 1789. Massachusetts Dollars. Cents. Principal with interest to the 1st day of Nov. 1789. £. 1,548,040 7 9 Lawful. Due to sundries for which no certificates have yet been issued, 20,000 Total,...
8Enclosure: Schedule F, [9 January 1790] (Hamilton Papers)
SCHEDULE F Table Shewing the Annuity Which a Person of a Given Age, Would be Entitled to During Life, From the Time he Should Arrive at a Given Age, Upon the Present Payment of a Hundred Dollars, Computing Interest at Four Per Cent. Age at the time of payment. Age when entitled. Annuity. Age when entitled. Annuity. Age when entitled. Annuity. Age when entitled. Annuity. 1 21 23.453 31 42.625...
9EnclSchedule G, [9 January 1790] (Hamilton Papers)
SCHEDULE G Table Shewing What Annuity Would be Enjoyed by the Survivor of Any Two Persons Of Certain Ages, for the Remainder of Life, After the Determination of the Life in Expectation, Upon The Present Payment of One Hundred Dollars, Computing Interest at Four per Cent. Per Annum, And the Duration of Life According to Doctor Halley’s Tables. Age of the youngest. Age of the eldest. Annuity of...
10Enclosure: Schedule H, [9 January 1790] (Hamilton Papers)
SCHEDULE H Table for a Tontine of Six Classes, the Number of Lives in Each Class Being Indefinite, Calculated on a Payment of Two Hundred Dollars by Each Subscriber, and at a Rate of Interest of Four Per Cent. The Computation on the Best Life in Each Class, And on the Supposition that the Subscribers to Each Class Will not be Less Than the Respective Numbers Specified in the First Column....