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to two per centum of the whole amount of the outstanding funded stock bearing a prefent intereft of fix per centum: Thenceforth, Secondly, to the redemption of the faid last mentioned stock, according to the right for that purpose referved to the United States, until the whole amount thereof fhall have been redeemed: And Laftly, after fuch redemption, to the purchase, at its market price, of any other ftock confifting of the debt of the United States, which may then remain unredeemed: and fuch purchafe, as far as the fund fhall at any time extend, fhall be made within thirty days next after each day, on which a quarterly payment of intereft on the debt of the United States, fhall become due, and shall be made by a known agent, to be named by the faid commiflioners.

Purchafes

Sec. 8. And be it further enacted, That all future purchases of public debt on account of how to be the United States, fhall be made at the lowest made. price, at which the fame can be obtained by open purchase, or by receiving fealed propofals, to be opened in the prefence of the commiflioners, or perfons, authorized by them to make purchases, and the perfons making fuch proposals.

to be ren

Sec. 9. And be it further enacted, That Quarterly quarter yearly accounts of the application of accounts of application the faid fund fhall be rendered for fettlement, of faid fund as other public accounts, accompanied with dered, &c. returns of the fums of the faid debt, which fhall have been from time to time purchafed or redeemed; and full and exact report of the proceedings of the faid commiffioners, including a statement of the difburfements, which fhall have been made, and of the fums which fhall have been purchased or redeemed under

their direction, and fpecifying dates, prices, parties, and places, fhall be laid before Congrefs, within the firft fourteen days of each feffion which may enfue the prefent, during the execution of the faid truft.

JONATHAN TRUMBULL, Speaker of the House of Reprefentatives. RICHARD HENRY LEE, Prefident pro tempore of the Senate.

APPROVED, May eighth, 1792:

GEORGE WASHINGTON,

Prefident of the United States.

the mint to

have coin

ed into

CHAPTER XXXIX.

An Act to provide for a Copper Coinage.

Sec. I.

·B

E it enacted by the Senate and House of Reprefentatives of the United States of America in Congrefs affembled, That Director of the director of the mint, with the approbation purchafe of the Prefident of the United States, be aucopper and thorized to contract for and purchase a quantity of copper, not exceeding one hundred and cents, &c. fifty tons, and that the faid director, as foon as the needful preparations fhall be made, caufe the copper by him purchased to be coined at the mint into cents and half cents, purfuant to "the act eftablishing a mint, and regulating the coins of the United States ;" and that the faid cents and half cents, as they fhall be coined, be paid into the treafury of the United States, thence to iffue into circulation.

whence to iffue.

when a

paid into

Sec. 2. And be it further enacted, That after Director the expiration of fix calendar months from the to publish time when there fhall have been paid into the certain fum treasury by the faid director, in cents and half has been cents, a fum not lefs than fifty thousand dollars, the treafuwhich time shall forthwith be announced by ry. the treasurer in at least two gazettes or newspapers, published at the feat of the government of the United States for the time being, no copper coins or pieces whatsoever, except the faid cents and half cents, fhall pafs current as money, or shall be paid, or offered to be paid or received in payment for any debt, demand, claim, matter or thing whatsoever; and all copper coins or pieces, except the faid cents Penalty for and half cents, which fhall be paid or offered offering to to be paid or received in payment contrary to copper the prohibition aforefaid, fhall be forfeited, coins. and every perfon by whom any of them fhall have been fo paid or offered to be paid or received in payment, fhall alfo forfeit the fum of ten dollars, and the said forfeiture and penalty fhall and may be recovered with cofts of fuit for the benefit of any perfon or perfons by whom information of the incurring thereof hall have been given.

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JONATHAN TRUMBULL, Speaker
of the House of Reprefentatives.

RICHARD HENRY LEE, Prefident pro

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tempore of the Senate.

"APPROVED, May eighth, 1792:

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GEORGE WASHINGTON,
Prefident of the United States.

VOL. II.

CHAPTER XL.

An Act for making Compenfations to the Commiffioners of Loans for extraordinary Expenfes. (EXPIRED.)

Specific

tions.

CHAPTER XLI.

An Act making certain Appropriations therein

Sec. I.

B

Specified.

E it enacted by the Senate and House of Reprefentatives of the United States of America in Congress affembled, That appropria- there be granted and appropriated the following fums for the following purposes, to wit: For the discharge of a balance to the commiffioners appointed under the act of Congress of the fifteenth of March one thousand feven hundred and eighty five, two thousand seven hundred and eighty feven dollars and eighty eight cents; For additional falary to the first clerk of the commiffioners for fettling accounts between the United States and individual ftates, one hundred and eighty seven dollars and ninety one cents; For defraying the expense of stating and printing certain public accounts, pursuant to the order of the House of Representatives of the thirtieth of December one thousand feven hundred and ninety one, eight hundred dollars; For discharging the accounts of officers of the courts of the United States, jurors and witneffes, in aid of the fund heretofore appropriated, feventeen thousand dollars; For making good deficiencies in former appropriations, for defraying the expense

of the enumeration of the inhabitants of the Specific United States, four thousand fix hundred and appropria ninety five dollars, and fifty nine cents; For tions. difcharging certain accounts against the treafury department, to the end of the year one thousand seven hundred and ninety one, including a fum of fix hundred dollars, for furnishing the fupervisors of the revenue with fcrew-preffes, feals, and other articles, one thousand nine hundred and fifty five dollars, and fixty one cents; For a balance due to lieutenant John Freeman of the late Maryland line, on account of fubfiftence for the years one thousand seven hundred and eighty two and one thousand seven hundred and eighty three, forty one dollars and seventy five cents; For compenfations to the clerks of the acting commiffioner of army accounts, and contingencies of his office, one thousand three hundred and twenty nine dollars and fixteen cents; For additional compenfations to the doorkeepers of the House of Reprefentatives, pursuant to a refolution of the Houfe, of the twenty fourth of March laft, feven hundred dollars; For the discharge of such demands against the United States, not otherwise provided for, as fhall have been afcertained and admitted, in due courfe of fettlement at the treafury, and which are of a nature, according to the ufage thereof, to require payment in fpecie, five thousand dollars: All which faid fums, amounting together, to thirty four thousand four hundred aud ninety feven dollars and ninety cents, fhall and may be paid out of the funds following, any, or all of them; namely; the furplufes which may out of what remain of appropriations heretofore made, after fatisfying the purposes of fuch appropriations; monies which have been paid into the

funds pay

able.

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