G.

LOAN OF SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS.

The annexed notification, marked G a., was issued on the 30th of August, 1813; and in pursuance thereof, proposals were received on the 25th of September, for loaning money to the United States, on a 6 per cent., to be received by the lenders at various rates, amounting in the whole to 12,791,500 dollars. A copy of one of these proposals is annexed, marked G b., the others were substantially of the same form. After rejecting those least favorable to the United States, and apportioning, by an equal rule, among those that were accepted, the sum that was to be received on loans the following proposals for the sums annexed to each were accepted, by a letter addressed to each of the persons making the proposals, in substance, the same as that annexed, marked G c. viz:

And the aforesaid sum of $7,500,000 was made payable at the following

places, viz:

At Wiscasset, Maine,

New York,

75,000 00 2,025,000 00

Ga.

NOTICE.

TREASURY DEPARTMENT,

August 30th, 1813.

Whercas, by an act of Congress, passed on the 2d day of August, 1813, the President of the United States is authorized to borrow, on the credit of the United States, a sum not exceeding seven millions five hundred thousand dollars: And whereas, the President of the United States did, by an act or commission under his hand, dated the 7th day of August, 1813, authorize and empower the acting Secretary of the Treasury to borrow, on behalf of the United States, the aforesaid sum of seven millions five hundred thousand dollars, pursuant to the act of Congress above recited:

PUBLIC NOTICE IS THEREFORE HEREBY GIVEN,

That proposals will be received by the acting Secretary of the Treasury, until the twenty-fifth day of September next, from any person or persons, body or bodies corporate, who may offer, for themselves or others, to loan to the United States, the whole or any part, not less than one hundred thousand dollars, of the aforesaid sum of seven millions five hundred thousand dollars. The stock to be issued for the money loaned, will bear an interest of six per cent. per annum, payable quarter yearly, and the proposals must distinctly state the amount of money offered to be loaned, and the rate at which the aforesaid stock will be received for the same.

The amount loaned is to be paid into a bank or banks authorized by the Treasury, in instalments, in the following manner, viz:

One-eighth part, or twelve dollars and fifty cents on each hundred dollars, on the 15th day of October next.

One-eighth part, on the 15th day of November next.

One fourth part, or twenty-five dollars on each hundred dollars, on the 15th day of each of the ensuing months of December, January, and February next.

The proposals must specify the place where the money is to be paid.

If proposals differing in terms from one another should be accepted, the option will be allowed to any persons whose proposals may be accepted, of taking the terms allowed to any other person whose proposals may be accepted.

No proposals will be received for a sum less than one hundred thousand dollars; but a commission of one-eighth of one per cent. will be allowed to any person collecting subscriptions for the purpose of incorporating them in one proposal, to the amount of one hundred thousand dollars or upwards, provided that such proposal shall be accepted.

A commission of one-eighth of one per cent. will also be allowed to the Cashiers of the Banks where the payments shall be made; who will issue scrip-certificates to the persons making the payments, and will endorse thereon the payments of the several instalments when made.

On failure of payment of any instalment, the next preceding instalment to be forfeited.

The scrip-certificates will be assignable by endorsement and delivery; and will be funded after the completion of the payments, upon presentation

by the proprietor to the Commissioner of Loans for the State where the pay

ments have been made.

The funded stock to be thus issued, will be irredeemable till the 31st day of December, 1825; will be transferable in the same manner as the other funded stock of the United States; and will be charged for the regular and quarterly payment of its interest, and for the eventual reimbursement of its principal, upon the annual fund of eight millions of dollars appropriated for the payment of the principal and interest of the debt of the United States, in the manner pointed out in the aforesaid act of the 2d of August, 1813. W. JONES,

Acting Secretary of the Treasury.

G b.

CITY OF WASHINGTON, September 25, 1813.

SIR: Having, agreeably to the terms of your public notice of the 30th of August last, collected subscriptions for the purpose of incorporating them in one proposal, I hereby propose to take of the loan of seven millions five hundred thousand dollars, the sum of three million of dollars, payable at the Bank of Pennsylvania on the following terms, viz: for every hundred dollars in six per cent. stock, I will give eighty-eight dollars and twenty-five cents in money, or for the privilege of paying the balance at any subsequent instalment after the first, I will give for every hundred dollars of the aforesaid stock, eighty-eight dollars and fifty cents in money.

I have the honor to be,
With great respect, sir,

Your obedient servant,

The Hon. the Secretary of the Treasury.

G c.

JONA: SMITH.

TREASURY DEPARTMENT, September 25, 1813.

SIR: More than twelve millions and a half of dollars were this day offered for the loan of seven and a half millions. The rate at which the loan is taken, is eighty-eight dollars and twenty-five cents in money for each hundred dollars in stock. Your proposal for three millions of dollars of the loan, having been at this rate, has been accepted; but in consequence of the large surplus offered, it has been necessary to reduce the amount allowed to you to two millions one hundred and fifty-two thousand dollars. Upon completing the payment of this sum in the proportions and at the periods stated in the public notification relating to this loan, of the 30th of August last, you will be entitled to receive stock at the rate above-mentioned.

If you shall desire, or any of the persons in whose behalf your proposal was made, to obtain the certificates of funded stock before the 15th of February next, the day on which the last instalment of the loan will be payable, it may be effected, by paying on any day fixed for the payment of an instalment, after the first, all the subsequent instalments; but interest will in such case be allowed only as if each instalment had been paid on the day fixed in the public notification of the 30th of August. You will be pleased, on receipt of this letter, to state to me the Bank or Banks in which the money will be paid; and if more than one, the precise sum payable at each; and on or before the 15th of October, will furnish the Cashier or Cashiers of such Bank or Banks, with the names of the persons in whose behalf your proposal has been made, and the sums payable by each.

The commission of one-eighth per cent. will be paid from the Treasury, after the payment of the first instalment on the 15th of October next. I am, respectfully, sir, Your obedient servant,

W. JONES,

REPORT ON THE FINANCES.

DECEMBER, 1814...

The Secretary of the Treasury, in obedience to the act "supplementary to the act, entitled an act to establish the Treasury Department," has the honor respectfully to submit to Congress the following report and estimates. The sums authorized by Congress to be expended during the year 1814, and for which appropriations have been made, are as follows: 1. For Civil, Diplomatic, and Miscellane

ous expenses,

$2,245,355 59

To this sum is to be added, the amount which may be payable on the following accounts, viz: 1. The amount of fines, penalties, and forfeitures actually received into the Treasury, which is appropriated for defraying the expenses of courts of the United States. 2. The sums received by the Collectors of the Customs for the Marine Hospital Fund and Privateer Pension Fund,which are paid into the Treasury with the other moneys derived from the customs, but are exclusively applicable to the two objects here mentioned, respectively. 3. The moneys received into the Treasury for the United States' moiety of prizes captured by public vessels, which belong exclusively to the Navy Pen-. sion Fund. These items are contingent and uncertain, until the accounts for the year are made up, and their amount ascertained. they appear among the receipts into the Treasury, they must also be placed among its expenditures. They may be estimated for the year 1814, at

As

200,000 00

2. Military expenses, including the Indian Department, and the permanent appropriation of 200,000 dollars annually, for arming and equipping the whole body of the militia of the United States,

3. Naval expenses, including 200,000 dollars for the purchase of timber, appropriated by the act of March 30, 1812,

2,445,355 59

24,502,906 00

8,169,910 87