Enclosure B: [Statement of the Registered and Unsubscribed Debt], 30 November 1791

B.
Statement of the Registered and Unsubscribed Debt of the United States, which remained Unfunded upon the close of the Loan, on the 30th. September 1791.

Registered or Unfunded Debt
			Dollars Cents		Dollars	Cents
The amount of this Debt, as stated to Congress,33 on the third of March 1789, was			4,598,462	78
There were Treasury Certificates issued in exchange for Loan Office and Final settlement certificates cancelled by the Auditor of the Treasury, from the 3rd. of March 1789 to the 30th. of June 1791			4,716,376	45
There have been Certificates issued to invalid pensioners and others, entitled thereunto, on final settlement in pursuance of acts of Congress of the present and late government			134,883	18
			9,449,722	41
Of the said Debt, there has been loaned, as follows: Vizt.
From the opening of the loan to the 31st. of March 1791	1,371,978	37
“ 1st. April to 30th. June 1791	1,088,466	60
“ 1st. of July to 30th. Sept.	1,611,194	82	4,071,639	79
Which being deducted leaves a balance, Principal sum due the several creditors on the Treasury books			5,378,082	62
The interest on said debt to 31st December 1790, is as follows Vizt.
Arrearages to 31st December 1787	479,677	88
Three years interest from 1st. January 1788, to 31st. December 1790	968,054	76	1,417,732	64
Registered Debt, principal and interest					6,795,815	26
Unsubscribed debt.
The debt unsubscribed upon the books. New Jersey, Pennsylvania and Maryland Amounts to			12,539	70
Interest			3,134	92	15,674	62

Credits on the Treasury books, to invalid pensioners, and several corps, for which certificates of registered debt are yet to be issued.
Invalid Pensioners
For the amount due to them under the Act of Congress,34 providing for the payment of their arrearages			56,152	76
The following Corps have credit on the Treasury books, being for certain certificates of final settlement, returned to the Treasury and Cancelled, and which certificates had issued to the non-commissioned Officers and soldiers of said Corps, respectively, for their pay
4th. regiment, Pennsylvania Artillery			846	37
Corps of Light Dragoons			1,009	83
Invalid regiment			3,803	35
Artillery officers			386	28
Willet’s regiment			2,565	42
Hazen’s regiment			11,267	49
Baldwin’s ditto of Artificers			281	28
Corps of Sappers and Miners			416	93
Armand’s legion			834	17
Lee’s legion			593	17
4th Pennsylvania regiment, Captain North’s Company	487	67
“ Lacy’s	1,062	97	1,550	64
Franklin’s Company of Militia			280	67
Individual creditors, of the States of Pennsylvania and Maryland, have credit on the Treasury books, being for certificates of final settlement, returned to the Treasury and Cancelled, and which certificates had issued to them respectively
By Benjamin Stelle Commissioner of Pennsylvania	5,436	66
“ John White, Maryland	693	89	6,130	55
			86,118	91
Interest on the foregoing credits			21,529	72	107,648	63
			Dollars		6,919,138	51

Joseph Nourse Register

Treasury Department
Registers Office, 30th. November 1791

33. For the debt as of March 3, 1789, see “Report Relative to a Provision for the Support of Public Credit,” January 9, 1790.

34. The United States had assumed the payment of military pensions to invalids “who were wounded and disabled during the late war” by “An Act providing for the payments of the Invalid Pensioners of the United States” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 95 [September 29, 1789]), which provided payment of invalids until March 4, 1790. The payment of invalids for the years 1790 and 1791 was continued in “An Act further to provide for the Payment of the Invalid Pensioners of the United States” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 129–30 [July 16, 1790]) and “An Act to continue in force the act therein mentioned, and to make further provision for the payment of Pensions to Invalids, and for the support of lighthouses, beacons, buoys, and public piers” (1 Stat. description begins The Public Statutes at Large of the United States of America (Boston, 1845). description ends 218 [March 3, 1791]).

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Source Project: Hamilton Papers
Title: Enclosure B: [Statement of the Registered and Unsubscribed Debt], 30 November 1791
Authors: Nourse, Joseph
Treasury Department
Date: 30 November 1791

Reference

Cite as: “Enclosure B: [Statement of the Registered and Unsubscribed Debt], 30 November 1791,” Founders Online, National Archives, https://founders.archives.gov/documents/Hamilton/01-10-02-0124-0003. [Original source: The Papers of Alexander Hamilton, vol. 10, December 1791 – January 1792, ed. Harold C. Syrett. New York: Columbia University Press, 1966, pp. 552–553.]

B.Statement of the Registered and Unsubscribed Debt of the United States, which remained Unfunded upon the close of the Loan, on the 30th. September 1791.

Index Entries

B.
Statement of the Registered and Unsubscribed Debt of the United States, which remained Unfunded upon the close of the Loan, on the 30th. September 1791.