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Finance, Stocks, and Bonds

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Jefferson Signs Appropriations Bill Funding Federal Government and Making Hamilton’s Assumption Act Payments in 1792

THOMAS JEFFERSON, Document Signed as Secretary of State, December 23, 1791, Philadelphia [Pa.] Signed in type by Jonathan Trumbull as Speaker of the House of Representatives, John Adams as Vice President of the United States and President of the Senate, and George Washington as President. 3 pp.

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The “ACT making APPROPRIATIONS for the SUPPORT of GOVERNMENTthe federal budget for 1792—was passed by the Second Congress during its first session and approved by President George Washington on 23 December 1791. It includes appropriations to pay off foreign debts incurred during the Revolutionary War, pay salaries and expenses, and fund the defense of the country and the departments of government. “There shall be appropriated a sum of money not exceeding three hundred and twenty-nine thousand, six hundred and fifty-three dollars, and fifty-six cents…

Item #21495.99, SOLD — please inquire about other items

Congress Authorizes a Mint, and President Washington Proclaims the Location of the Permanent Seat of Government

GEORGE WASHINGTON, Columbian Centinel, April 23, 1791. Newspaper. Boston: Benjamin Russell. 4 pp. (pp. 45-48), 10¼ x 16¼ in

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Including two March 3, 1791 Acts of Congress: Resolution to Establish U.S. Mint, and Act that President be requested to report to Congress on “the quantity and situation of lands not claimed by the Indians, nor granted to, nor claimed by any of the citizens of the Unties States within the territory ceded to the United States by the State of North-Carolina, and within the territory of the United States north-west of the river Ohio.” Also the March 30, 1791 Proclamation of Permanent Seat of Government, signed in type by Washington and Jefferson.

Item #30027.45, $3,250

Preparing to Report to Congress on Public Credit, Alexander Hamilton Establishes the New U.S. Treasury Department’s Forms & Procedures (SOLD)

ALEXANDER HAMILTON, Letter Signed as Treasury Secretary. New York, December 1, 1789. 2 pp., 8 x 10 in.

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The First Federal Congress established the Treasury Department on September 2, 1789, only three months before this letter. Hamilton became Secretary of the Treasury – actually the very first member of George Washington’s cabinet – on September 11. Hamilton speedily created processes to organize and run the new nation’s financial system. He requires weekly returns of cash receipts and disbursements, and notes that while monthly returns on import duties will normally not be required, they are for the year about to end. He mentions the need for this information so he can make timely reports to Congress near the beginning of their sessions, with “the information relative to the Revenue which they will necessarily require.” In fact, responding to the request of Congress, Hamilton delivered his seminal Report on Public Credit on January 14, 1790. This letter, introducing his subordinate customs and tax collectors to the developing system, is an early and important part of the process.

Item #23949, SOLD — please inquire about other items

Clymer Attacks a Bill to Sell Western Territory,
“giving emigration ‘lighter wings to fly,’” at the Expense of More Economical Atlantic Settlements (SOLD)

GEORGE CLYMER, Autograph Letter Signed to Dr. [Benjamin] Rush. New York, N.Y., August 7, 1789. 4 pp.

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“...Were I in the habit of addressing the public a pamphlet should come out entitled ‘the folly of emigrating to the western lands demonstrated...’”

Item #21939, SOLD — please inquire about other items
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