John Jay Papers
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Report of the Commissioners of the Sinking Fund, 21 December 1790

Report of the Commissioners of the Sinking Fund

Philadelphia, 21 December 1790

The Vice President of the United States and President of the Senate, The Chief Justice, The Secretary of State, The Secretary of the Treasury and the Attorney General

Respectfully report to the Congress of the United States of America:1

That pursuant to the Act intitled an Act making provision for the Reduction of the Public Debt,2 They on the 26th day of August last convened at the City of New York and entered upon the execution of the trust thereby reposed in them.3

That in conformity to a resolution agreed upon by them, on the 27th, and approved by the President of the United States, on the 28th of the said Month, they have caused purchases of the said Debt to be made, through the Agency of Samuel Meredith Treasurer of the United States; which on the 7th day of December instant amounted to Two hundred and seventy eight thousand, Six hundred and eighty seven dollars & thirty Cents, and for which there have been paid One hundred and fifty thousand, Two hundred and thirty nine dollars & twenty four Cents, in Specie; as will more particularly appear by a return of the said Samuel Meredith, conformed by an authenticated Copy of his Account settled at the Treasury of the United States, which are herewith submitted, and prayed to be received as part of this report and in which are specified the places where, the times when, the prices at which, and the persons of whom the said purchases have been made.4

Signed by the order of the Board.

John Adams

DS, DNA: RG 46, 1st Congress, 1789–1791; LbkC, DLC: Washington. PAH description begins Harold C. Syrett et al., eds., The Papers of Alexander Hamilton (27 vols.; New York, 1961–87) description ends , 7: 376–77.

1. Three copies of this report were enclosed in AH to JA, 21 Dec. 1790, for his signature and transmission to the President, the Senate, and the House of Representatives. See PAH description begins Harold C. Syrett et al., eds., The Papers of Alexander Hamilton (27 vols.; New York, 1961–87) description ends , 7: 374.

2. The Funding Plan of 1790, adopted 12 Aug. 1790. Stat. description begins The Public Statutes at Large of the United States, vols. 1–17 (Boston, 1845–73) description ends , 1: 186–87.

3. See Minutes of a Meeting of the Commissioners of the Sinking Fund, [26] and 27 Aug. 1790, both above; and PAH description begins Harold C. Syrett et al., eds., The Papers of Alexander Hamilton (27 vols.; New York, 1961–87) description ends , 6: 570–71.

4. For the enclosures, see ASP: Finance description begins American State Papers: Documents, Legislative and Executive, of the Congress of the United States (38 vols.; Washington, D.C., 1832–61), Finance series description ends , 1: 81–82.

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    Title
    Report of the Commissioners of the Sinking Fund, 21 December 1790
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    21 December 1790

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    “Report of the Commissioners of the Sinking Fund, 21 December 1790,” Founders Online, National Archives, https://founders.archives.gov/documents/Jay/01-05-02-0162. [Original source: The Selected Papers of John Jay, vol. 5, 1788–1794, ed. Elizabeth M. Nuxoll. Charlottesville: University of Virginia Press, 2017, pp. 305–306.]