Showing the single result

• 

  Scarce 1792 printing of An Act to extend the Time limited for settling the Accounts of the United States with the Individual States; signed by Thomas Jefferson

  [JEFFERSON, Thomas].

  Second Congress of the United States: At the First Session, begun and held at the City of Philadelphia, in the State of Pennsylvania, on Monday the twenty-fourth of October one thousand seven hundred and ninety-one. An Act to extend the Time limited for settling the Accounts of the United States with the Individual States.

  Philadelphia: Childs & Swaine, 1792.

  Scarce printing of an early United States law providing for the funding of the national debt, signed by Thomas Jefferson as Secretary of State. Folio, one page. The document, which also carries the printed signatures of President George Washington, Vice President John Adams, and House Speaker Jonathan Trumbull, was approved January 23, 1792. Individual acts and bills of the first Congresses were routinely printed for public consumption. A provision was made, however, to print a few copies of each act for dissemination to the states, and to have each copy signed by Secretary of State Thomas Jefferson. One of the main priorities of the federal government in the early national period was to pay down the debt of the United States. The national debt was incurred during the Revolution and augmented in 1790 when the Congress passed the Assumption Act, in accordance with a plan devised by Alexander Hamilton. Because contacting the numerous and geographically dispersed holders of the debt proved more difficult than expected, it became necessary to extend the time allowed by law for making the relevant financial arrangements. The present act accomplished this, and made a special extension of five months for Vermont, which gave the new state time to calculate the amount of debt. Despite Jef...

  Price: $82,000.00     Item Number: 125388

  Add to cart

  Add to Wishlist

  Ask a Question Details