FREE BOOKS

Author's List




PREV.   NEXT  
|<   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42  
43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   >>   >|  
ived from the marshal of that State, which he desires may be substituted as more correct than the one first returned by him and communicated by me to Congress. This new return, with his letter, is now laid before you. TH. JEFFERSON. JANUARY 11, 1802. _Gentlemen of the Senate and of the House of Representatives_. I now communicate to you a memorial of the commissioners of the city of Washington, together with a letter of later date, which, with their memorial of January 28, 1801, will possess the Legislature fully of the state of the public interests and of those of the city of Washington confided to them. The moneys now due, and soon to become due, to the State of Maryland on the loan guaranteed by the United States call for an early attention. The lots in the city which are chargeable with the payment of these moneys are deemed not only equal to the indemnification of the public, but to insure a considerable surplus to the city to be employed for its improvement, provided they are offered for sale only in sufficient numbers to meet the existing demand. But the act of 1796 requires that they shall be positively sold in such numbers as shall be necessary for the punctual payment of the loans. Nine thousand dollars of interest are lately become due, $3,000 quarter yearly will continue to become due, and $50,000, an additional loan, are reimbursable on the 1st day of November next. These sums would require sales so far beyond the actual demand of the market that it is apprehended that the whole property may be thereby sacrificed, the public security destroyed, and the residuary interest of the city entirely lost. Under these circumstances I have thought it my duty before I proceed to direct a rigorous execution of the law to submit the subject to the consideration of the Legislature. Whether the public interest will be better secured in the end and that of the city saved by offering sales commensurate only to the demand at market, and advancing from the Treasury in the first instance what these may prove deficient, to be replaced by subsequent sales, rests for the determination of the Legislature. If indulgence for the funds can be admitted, they will probably form a resource of great and permanent value; and their embarrassments have been produced only by overstrained exertions to provide accommodations for the Government of the Union TH. JEFFERSON. JANUARY 12, 1802. _Gentlemen of the Senate_: I
PREV.   NEXT  
|<   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42  
43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   >>   >|  



Top keywords:

public

 

demand

 
interest
 

Legislature

 

numbers

 

market

 

Washington

 

memorial

 

payment

 

Senate


moneys
 
letter
 
JANUARY
 

JEFFERSON

 

Gentlemen

 

November

 
thought
 

circumstances

 

rigorous

 

reimbursable


additional
 

direct

 

proceed

 

destroyed

 

actual

 

require

 

execution

 

apprehended

 

residuary

 

security


sacrificed
 

property

 

resource

 

permanent

 

admitted

 

indulgence

 

embarrassments

 

accommodations

 

Government

 

provide


exertions
 

produced

 

overstrained

 

determination

 

secured

 
offering
 

Whether

 

submit

 

subject

 

consideration