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Enclosure D: [Statement of One Year’s Interest on the Foreign Loans], January 1795

D
Statement of one Year’s Interest on the Foreign Loans Effected for Account of the United States—as Due on the 31: of December 1794

Dollars Cents
20,500,000 Guilders, amount of Five ⅌ Cent: Loans effected at Amsterdam   Guilders 1,025,000
2,050,000 Guilders, amount of Four and a half ⅌ Cent. Loan effected at Antwerp 92,250
7,950,000 Guilders, amount of Four ⅌ Cent: Loans effected at Amsterdam 318,000
30,500,000 Amount at Interest,
467,500 Guilders, amount of premiums and gratifications to be paid on a loan of Two millions of Guilders.
30,967,500 Guilders, amount to be paid for Loans effected at Amsterdam & Antwerp.
Amount of one years Interest on the Dutch & Antwerp Loans Guilders 1435,250
which at 40 cents ⅌ Guilder, is 574,100
Livres   S.d. 12,188,040.12.2 balance due to the French Government, @ 4.706 ⅌ Cent: ⅌ annum, being an average of interest payable on the French Loans when obtained Livs 573,569.3.9.
List which @ 18 15/100 cents ⅌ Livre is 104,102 80
Amount of one year’s Interest on the Foreign Loans as due on the 31: of december 1794
Dollars 678,102 80

Statement of Interest Payable on the Domestic Debt.

Dollars Cents.
1st. Interest payable by the existing Contract on the debt as it stood on the last day of december 1794.
On Six per Cent Stock
Dollars 29,046,730.62
On the original Capital of the debt to Foreign Officers
186,988.23 29,233.718.85 @ 6 ⅌ Ct. 1,754,023.13
On three ⅌ Cent: Stock 19,484,840.68
19,484,840.68
On the Interest of the Capital due to Foreign Officers, to december 31: 1790
22438.58 19,507.279.26 @ 3 ⅌ Ct. 585,249.37
On the Unfunded debt, ⅌ Statement
1,184,323.40
from which deduct Indents of Interest which bear no Interest
83,805
Unfunded Debt bearing Interest
1,100,51840 @ 6 ⅌ Ct. 66,031.10
Total of Interest payable annually by the Contract existing at the close of the year 1794 2,405,272 60
2nd. Interest payable after the year 1800, on the principles of the Contract existing at the end of 1794.
On the deferred stock existing at the end of 1794, being
14,523,365.45 @ 6 ⅌ Ct. 871,401.92
On the Six ⅌ Cent: Stock as stated above
29,233,718.85 @ 6 ⅌ Ct. 1,754,023.13
On the three ⅌ Cent: Stock ditto
19,507,279.26 @ 3 ⅌ Ct. 585,218.37
On the Unfunded debt   ditto
1,100,518.40 @6 ⅌ Ct. 66,031.10
Total of Interest which would be payable after the year 1800 on the whole domestic debt, on the principles of the existing contract at the end of 1794 3,276,674 52
3rd. Interest which would be payable if the whole Domestic Debt was subscribed to the Loan.
On six ⅌ Cent: Stock 29,967,397.80 @6 ⅌ Ct. 1,798,043.86
On Three ⅌ Cent: Stock 19,967,936. @ 3 ⅌ Ct. 599,038.08
Annual Interest ’till the close of the year 1800 2,397.081 94
Interest on Deferred Debt which becomes six ⅌ Cent: Stock after the year 1800 14,890,204.90 @ 6 ⅌ Ct. 893,412 29
Total Interest which would be payable annually after the year 1800, if the whole debt was subscribed Dollars 3,290,494 23

Alexander Hamilton
Secy of the Treasy

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    Hamilton Papers
    Title
    Enclosure D: [Statement of One Year’s Interest on the Foreign Loans], January 1795
    Author
    Hamilton, Alexander
    Date
    January 1795

    Reference

    Cite as
    “Enclosure D: [Statement of One Year’s Interest on the Foreign Loans], January 1795,” Founders Online, National Archives, https://founders.archives.gov/documents/Hamilton/01-18-02-0052-0006. [Original source: The Papers of Alexander Hamilton, vol. 18, January 1795 – July 1795, ed. Harold C. Syrett. New York: Columbia University Press, 1973, pp. 140–141.]