From Alexander Hamilton
[Philadelphia] Thursday Nov: 29th 1792
The Secretary of the Treasury presents his respects to the president; has the honor to transmit for his consideration the draft of a report pursuant to two references of the House of Representatives, concerning which he will wait upon the President on Saturday, being desireous of sending in a Report on Monday.1
1. The House of Representatives resolved on 21 Nov. “That it is the opinion of this committee that measures ought to be taken for the redemption of so much of the public debt as by the act entitled ‘An act making provision for the Debt of the United States’ the United States have reserved the right to redeem; and that the Secretary of the Treasury be directed to report a plan for that purpose.” On 22 Nov. the House resolved “That the Secretary of the Treasury be directed to report the plan of a provision for the reimbursement of the loan made of the Bank of the United States, pursuant to the eleventh section of the act, entitled ‘An act to incorporate the Subscribers to the Bank of the United States’” (Annals of Congress description begins Joseph Gales, Sr., comp. The Debates and Proceedings in the Congress of the United States; with an Appendix, Containing Important State Papers and Public Documents, and All the Laws of a Public Nature. 42 vols. Washington, D.C., 1834–56. description ends , 2d Cong., 2d sess., 711, 723; for the acts mentioned in these resolutions, see 1 Stat. description begins Richard Peters, ed. The Public Statutes at Large of the United States of America, from the Organization of the Government in 1789, to March 3, 1845 . . .. 8 vols. Boston, 1845-67. description ends 138–44, 196). Hamilton submitted his “Report on the Redemption of the Public Debt,” dated 30 Nov. 1792, to the House on Monday, 3 Dec. 1793. The enclosed draft has not been identified. For the text of the report, see Syrett, Hamilton Papers, description begins Harold C. Syrett et al., eds. The Papers of Alexander Hamilton. 27 vols. New York, 1961–87. description ends 13:261–75.