1. The House requested this report on February 3, 1791. The entry in the Journal of the House reads as follows:

“On a motion made and seconded, that the House do come to the following resolution:

“‘Whereas certain certificates or evidences of debt, dated after the first of January, one thousand seven hundred and ninety, have been issued by one or more of the States, which certificates purport that they were issued in lieu of certain other certificates, dated prior to the first of January, one thousand seven hundred and ninety; and the certificates of the first description are, on account of their date, not received by the Loan Officers, as subscriptions to the loan proposed by the United States, although the certificates, in lieu of which they were issued, are clearly within the description of the law, and would, if not cancelled, be recoverable at the Loan Office: Therefore,

“‘Resolved, That all certificates of the first description above, be received at the Loan Offices, as other evidences of the debt of the several States are, by law, receivable:’

“Ordered, That the said motion be referred to the Secretary of the Treasury, with instruction to examine the same, and report his opinion thereupon to the House.” (Journal of the House, I description begins Journal of the House of Representatives of the United States (Washington, 1826). description ends , 369.)