About The Louisville gazette and republican trumpet. (Louisville, Ga.) 1800-1809 | View Entire Issue (July 14, 1802)
cj i hr finl irg Ah'.cl be, am! they I ticby are empowered, whh the approbation of the Prefi iui.t of the United States, to borrow on the credit cf the United States, either in Ame rica, or abroad, by obtaining a prolongation of former loans, or othriwife, the fums requifite for the payment of the inftai imnts or parts of principal of the Dutch debt, which become due in the years one thoufand | eight hundred and three, one thoufand eight hundred and four, one thoufand eight hundred and five, and one thoufand eight hundred and fix ; and that a fum equivalent to that to be thus borrowed, or reloaned, Thall be laid out by the com miffioners of the finking fund, in the purchafe or redemption of fucb parrs of the prefenr debt of the United States, and other demands again!! them, as the commiflioners of the finking fund may lawfully pay> agree ab’Y to the provifions herein before made, and as the laid commiAiomrs fliall in their judgment deem moft expedient, ib as to effeft the payment, annually, of feven millions, three hundred thbufand dollars, towards the final difeharge cf the whole debt, agreeably to fuch provifion : Provided , that the U. States final 1 have a right to rtirnburfe any loan thus made within Ax years alter the date of the lame, and that the rate cf intereft: thereupon fhall not ex ceed five per centum per ann. nor the charges thereupon the • rate of five per centum on the capital borrowed t Arid provided always , That the power herein given fhall not be conftrued to repeal, diminiAi, or afreft the power given to the faid com miAioners, by the tenth feftion of the aft entitled, “ an Aft making further provifion for the fupport of public credit, and for the redemption of the public debt,” to borrow certain fums for the difeharge of the inftal ments of the capital, or princi pal, of the public debt, in the manner, and on the terms pre feribed by the faid feftion ; nor the power given to them by an ad entitled, “ an Ad making provifion for the payment of certain debts of the United States,” to borrow' certain Turns and to fell the lb ares of the bank of the United States, be ionging to the United States, in the manner, on the terms, and for the purpofes authoriled by the faid ad ; provided fur ther, that nothing herein con tained fliall he conftrued to re vive any ad or part of an ad, fcuthorifmg the loan of money, and which hath heretofore ex pired. Sec. 5. And he it further waJcdy 1 hat for the purpofe of more erTcduallv fccuringthe reimburfement of the Dutch debt, the commiflioners of the finking fund may, and they are hereby empowered, with the approbation of the Prcfident of the United States, to con trad, /fiber with the bank of the United States, erwith any other public inllitution, or with indi viduals, for the payment in Holland of the whole, or any 1 part cf the p-innp?.! .cf the faid Duch debt, and cf the intereft and charges accruing on the fame, as the faid demands be cofne due, on fuch terms as the faid commiflioners fhall think mod advantageous fftthe Unit ed States i or *to employ cither the flid bank, or any other pub lick inftitution, or any individual or individuals, as agent or agents, for the purpofe of purchafing bills of exchange, or any other kind of remittances, for the purpofe of di{charging the in tereft: and principal of faid debt, and to allow to fuch agent or agents a compeniation not ex ceeding one fourth of one per cent, on the remittances thus purchafed or procured by them, under the direction of / the faid commiAioners, and as much of j the duties on tonnage and mer chandize as may be ncceflary for that purpofe, is hereby appro priated towards paying the ex tra allowance or cofnmiftlon re fuhing from fuch tranfaftion or tranfaftions, andalfo to pay any deficiency arifmg from any lofs incurred upon any remittance purchafed or procured under the direction of the faid commifiio ners, for the purpofe of cl ife barg ing the principal and intereft of faid debt. Sec. 6. And he it further enabled. That the commiAioners of the finking fund be, and they are hereby empowered, with the approbation of the Prcfident of the United Stares, to employ, if they fhall deem it neceffary, nn agent in Europe for the purpofe of tranfafting any bufi nefs relative to the difeharge of the Dutch debt, and to the loans authorifed by this, or any other aft, for the purpofe ofdifcharg ing the fame, and alfo to allow him a compenfation not exceed ing three thoufand dollars a year, to be paid out of any mo nies in the treafury not other wife appropriated. Sec. 7. And he it further enabled y That nothing in this aft contained Aiall be conftrued to repeal, alter or effeft: any of i the provifions cf any former i aft, pledging the faith cf the j United States to the payment of 1 the intereft, or principal, of the public debt ; and that all fuch payments Aiall continue to be made at the time heretofore pre ferred by law j and the Turpins only of the appropriations made by this aft beyond the fums payable by virtue of the provi fions of any former aft, fhall he applicable to the reimburfe menr, redemption, or purchafe of the public debt in the manner provided by this aft. Sec. 8. And he it further enatied y 1 hat all the refttiftions and regulations heretofore efta blifhed by law’, for regulating the execution of the duties en joined upon the commiflioners of the finking fund, Aiall apply 1 to, and be in as full force for the execution of the analagous 1 duties enjoined upon by this aft, as if they were herein parti cularly repeated and re-enafted : Provided hczvever y That the j particular annual account of all Tales of flock, cf loans, and of payments, by them made, Aiall, ■ hereafter, be laid before Con grcfs cn the nrft week of Fe bruary, In each year; and lb much of any former act as di rected fuch account to be laid before Congrefs within fourteen days after their meeting, is hereby repealed. Nathaniel Macon, $ Speaker o] the He life of Repre fentatives. Abraham Baldwin, Prefident cf lie Senate , pro tan. A pproved April 20, 1802. Thomas Jefferson, Prefident cf the United States. LOUISVILLE, WEDNESDAY, JAy t 502. Departed this life, in Wafn ington County, on Saturday the 26th ult. after a long and pain ful illnefs, which fhe Bore with a comnofure of mind and chrif i tian fortitude feklom equalled, Mrs. Sarah Murphy, wife of Capt. Cornelius Murphy. She was an affeClionatc wife, a tender mother, and kind neighbour.—■ She has left a difconJolate hrib band, and four promifing cnil dren to bewail her lofs. The following is a Reply cf Mr. Philips's , to a publication of Mr. Collier's , which appeared in cur lajt. AS no improper motives are imputed to me in Mr. Collier’s publication, 1 fhould willingly remain blent on this fuhjed, were it not for a few obferva tions which 1 think myfelf call ed upon to notice. I difclaim any intention of injuring the feelings of General Jackfon, by the words alluded to, the meaning of fuch ex pressions is eafily comprehend ed—they occur in Mr. C’s own ftatementj nor docs choice of ground, on fuch occafions, con vey an idea of private property. As to exparte bufmefs, it ap pears from Mr. C’s. own bate ment that he was aware of my defign, to which he did not ob ject, although I had an interview with him juil before my depar ture from Waynefborough, which was, I fuppofe, at about 4 o’clock in the afternoon, and at the door of the houfe in which the General was lodged; the Col. and I had e;one there to I V O pay cur refpeds to the General previous to our leaving the place j I mull alfo remark, that iny ftatement was not publifh ed until the 23d, this afforded a fpace of four days to make ob jedion to the original under ftanding ; but hearing of no wifh of Mr. C’s. to fee my ftate ment before it was printed, I took it for granted that he had no fuch inclination. I prefume it efcaped Mr. Collier’s recollection to mention two matters which 1 fhall litre 1 infert. An article of agreement be tween lis was <c 1 hat as we be gan we were to continue in all our arrangements to the end the other is the time of Ids making the proportion to me for the gentlemen to advance a I ftep each bre, this was not made ) until after feveral (hots were ' exchanged, when I objeded to fiom uti c%>»\ iiiirgncL to fringe one article, or I could have informed Mr. C. that my infiruftions from the Col. were to allow him the privilege 0 f naming any diftance from io m 5> A> d> 2, or-cven one pace if they wifhed it. On a review of my flatement, Mr. C. may di(cover that I have not fpecificd any precife time or place when or where the parties fhook hands;.but only the impreflions underwhicli it was clone, and therefore he will not find any incorrcftncfs in this refpeft. My intention throughout has been to aft with candour and impartiality; and if in any ref pcctl may have deviated, it has been the refult of inadveftanc* and not dehorn. O Ralph Spence Philips. TO evince error in Mr. Philips’s reply, infers to whom inaccuracy of flatement oughc to be aferibed, in thofe matters which could be related only by him and myfelf. G e n e ral J ack Ton re colle fts my mentioning, before the ground was marked off, the propofol I had made of ad vancing one frep every fire, - and the anfwcr as I have flared. The only propo rtion between the exchange of fhots came from Doftor Powell, which w r as for the Seconds to interfere. THOS. COLLIER. C O T.t ?vl U NIC A T E D. THE ftatements of the late duel berween Gen. Jackfon and Col. Vv atkins, by their fecords Meflfs. Collier & Philips, have afforded matter Hi much Pe culation among t many : but being unwilling to drop a word which might tend in any meafure to revive or perpetitete Tub Tiding enmities between two individu als, we fiiall forbear to comment on either preduftion. Neverthelefs, fb far as the origin of this conflift interells the community, fo far we think it a proper fubjeft for animad - verb on. Had it fprung from the ordinary caufes of fuch con tefs as private or perfonal in juries, it would deferve very little more notice than the pub lic difapprobacion, as an illegal aft ; but when we advert to the true grounds of it, and find that it was the common caufe of the citizens of Georgia, every ho nell man in the Hate, whofe breaft contains even one folitary fpark of public fpint, miift fed deeply interefted and regret that a compliance with a mif taken notion of honor, added to an impetuous difpcfition— fhoukl have went fo near to deprive the republic of fo ex cellent and uleful a citizen.— Had the General been a young man, untried in the field, or had been inexorably deaf to a recent prejjing invitation cf honor —or had evinced a deadly ant mofuy to the common rights of the citizens of this Hate, by a feven years uniform hofeinty to their obvious intercU'S ar.n welfare—and had finally been defeated in all his intrigues by the concurring voice of ms ; country, abandoned by Ins an ■
