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To George Washington from Alexander Hamilton, 16 March 1792

From Alexander Hamilton

Treasury Departt March 16th 1792

The Secretary of the Treasury has the honor to submit to the President the draft of a report1 on the subject of ways & means for carrying into execution the Military bill.2

He will wait on the President tomorrow morning for his Orders; as it is interesting there should be no avoidable delay.

LB, DLC:GW.

1The enclosed draft of Hamilton’s Report Relative to the Additional Supplies for the Ensuing Year has not been found, but the final version, which he signed and dated this day and presented to the U.S. House of Representatives on 17 Mar., is in DNA: RG 233, Second Congress, 1791–1793, Records of Legislative Proceedings, Reports and Communications Submitted to the House.

On 8 Mar. after intense debate, the House had passed by a vote of 31 to 27 a resolution requesting the secretary of the treasury to give his opinion of the best mode for raising the additional funds that would be required to undertake a new military expedition against the hostile northwestern Indian nations (Annals of Congress description begins Joseph Gales, Sr., comp. The Debates and Proceedings in the Congress of the United States; with an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature. 42 vols. Washington, D.C., 1834–56. description ends , 2d Cong., 1st sess., 437–52). In his report of 16 Mar., Hamilton rejected using the interest in the Bank of the United States to which the government was entitled or adding to the public debt and favored temporarily increasing duties on imported goods. Hamilton estimated that such a measure would provide an additional $523,000 and suggested the passage of a law authorizing a temporary loan for that amount (see Syrett, Hamilton Papers, description begins Harold C. Syrett et al., eds. The Papers of Alexander Hamilton. 27 vols. New York, 1961–87. description ends 11:139–49). The House considered Hamilton’s report on 5–6 April and debated a resulting bill on 17–21 April, which it passed on 21 April and sent to the Senate two days later. The Senate amended the bill on 26 April and returned it to the House the following day (Annals of Congress description begins Joseph Gales, Sr., comp. The Debates and Proceedings in the Congress of the United States; with an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature. 42 vols. Washington, D.C., 1834–56. description ends , 2d Cong., 1st sess., 127, 129–32, 538–39, 541, 558–62, 566–72). GW signed “An Act for raising a farther sum of money for the protection of the frontiers, and for other purposes therein mentioned” on 2 May (see 1 Stat. description begins Richard Peters, ed. The Public Statutes at Large of the United States of America, from the Organization of the Government in 1789, to March 3, 1845 . . .. 8 vols. Boston, 1845-67. description ends 259–63).

2For “An Act for making farther and more effectual Provision for the Protection of the Frontiers of the United States,” which GW signed on 5 Mar., see GW to the U.S. Senate and House of Representatives, 11 Jan., note 2; 1 Stat. description begins Richard Peters, ed. The Public Statutes at Large of the United States of America, from the Organization of the Government in 1789, to March 3, 1845 . . .. 8 vols. Boston, 1845-67. description ends 241–43.

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