91To James Madison from Alexander J. Dallas, 23 August 1816 (Madison Papers)
I find Mr. Jones so infirm in body and mind that I feel uneasy to be longer absent from Washington. I shall, therefore, return next week to finish my treasury report there. It will give you pleasure to learn that I am able to give notice for payment of the treasury notes due in New York as far down as the month of June, 1816. Indeed, everything but the currency will be in good order. The bank...
92To James Madison from Alexander J. Dallas, 24 August 1816 (Madison Papers)
The Secretary of the Treasury has the honor to submit the following Statement to the consideration of the President of the United States. Treasury Notes, which were issued under Acts passed prior to the Act of the 24. of February 1815, were payable at the expiration of a year from their respective dates, with interest at the rate of 5 2/5 per cent. per annum, at the Loan Offices, respectively,...
93To James Madison from Alexander J. Dallas, 27 August 1816 (Madison Papers)
The Bank subscription is filled. The deficit of the general returns, 3,000,000. Dollars, was taken by Mr. Girard, in a single line, to the great disappointment of the Brokers and Speculators. I congratulate you upon this event. There is little doubt of the organization of the Bank being republican, and friendly to the Government. The Cumberland road presents new embarrassments; and I shall...
94To James Madison from Alexander J. Dallas, 31 August 1816 (Madison Papers)
Your favor of the 25. inst. has been received. All the answers to the Treasury proposition, for a partial renewal of payments in coin, are in the negative, except from the New-England Banks. I select a few of these, for your information; and I add the communications made officially to me, of the result of the proceedings of the Convention of Bankers at Philadelphia. Be so good as to return the...
95To James Madison from Alexander J. Dallas, 11 September 1816 (Madison Papers)
When the report first reached me, that Mr. Sheldon was going to Europe, I felt some solicitude, that he should not go, before the Treasurer’s accounts were stated and settled; and I released him from all the other duties of the office, that he might attend exclusively to that object. I certainly felt no objection, generally, to his departure, as his health really required some relaxation from...
96To James Madison from Alexander J. Dallas, 20 September 1816 (Madison Papers)
Preparing to surrender the official trust, which you were pleased to confide to me in October 1814, I have the honor to present a general sketch of the actual and prospective state of the finances. This Report, taken in connection with the Reports made to Congress upon other occasions, will clearly exhibit the principles, upon which the business of the Department has been transacted,...
97To James Madison from Alexander J. Dallas, 21 September 1816 (Madison Papers)
The inclosed sketch will give you a general view of the finances. The item of floating debt is left open, until Mr. Nourse, the Register, returns, that the amount of Treasury Notes, absorbed by the payments for duties and taxes, may be precisely ascertained. It is very great; and may be estimated by the statement, which reduces the outstanding Treasury Notes to something like 6,000,000...
98To James Madison from Alexander J. Dallas, 27 September 1816 (Madison Papers)
Col. Lane seems to think, that the Librarian has been too officious in making his communication to you; and agrees that there ought not to be a change in the situation of the Library, until Congress shall decide upon it. This is, also, the opinion of Mr. Crawford and Mr. Rush. We have met on Col. Jessup’s letter; and Mr Crawford will communicate our general views upon the subject. The Colonel...
99To James Madison from Alexander J. Dallas, 1 October 1816 (Madison Papers)
A severe indisposition has confined me to my bed for three days. I am sufficiently recovered, however, to decide upon beginning my journey this afternoon, or tomorrow morning. I have left every thing here in order; and I shall continue, with great pleasure, to transact the business of the Department, until you are ready to release me. You will, of course, give me notice of a day, on which I am...
100To James Madison from Alexander J. Dallas, 5 October 1816 (Madison Papers)
If I had received your favor of the instant, at Washington, I should have been tempted to remain there, for the gratification of personal farewell. Indeed, I ran some risque, by undertaking the journey hither, the first day of my being able to leave my bed, for nearly a week. I always doubted Mr. Clay’s disposition to accept the War Department, although I have no doubt of his wish to be...