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APPENDIX.
Acts of Congress.

judgment, render his so doing consistent with pub-equal sums of the principal of the said foreign lic safety, and general convenience and economy. debt; and that any sum so subscribed and pad SEC. 17. And be it further enacted, That every shall bear an interest equal to the rate of interest person who shall procure or entice a soldier in the which is now payable on the principal of such ! service of the United States, to desert, or who part of the foreign debt as shall be paid or exshall conceal such soldier, knowing him to have changed therefor, together with an addition of onedeserted, or who shall purchase from such soldier half per centum per annum; the said interest his arms, or his uniform clothing, or any part commence on the first day of January next suethereof; and every Captain or commanding offi- ceeding the time of each subscription, and to be cer of any ship or vessel, who shall enter on board paid quarterly, at the same periods at which inte such ship or vessel, as one of his crew, knowing rest is now payable and paid upon the domestic him to have deserted, or otherwise carry away funded debt: Provided, That the principal of the such soldier, or shall refuse to deliver him up to said loan may be reimbursed at any time, at the the orders of his commanding officer, shall, upon pleasure of the United States. legal conviction, be fined, at the discretion of the Court, in any sum not exceeding three hundred dollars, or be imprisoned, for any term not exceeding one year.

SEC. 18. And be it further enacted, That the several acts, entitled "An act for regulating the Military Establishment of the United States;" "An act for raising and adding another regiment to the Military Establishment of the United States, and for making further provision for the protection of the frontiers;" "An act for making further and more effectual provision for the protection of the frontiers of the United States," be, and the same are hereby repealed; and, also, so much of any act or acts of the present session, as comes within the purview of this act: Provided, always, That nothing in this section contained shall be so construed, as to vacate the commissions which have been issued, or any appointments or enlistments which have been made in pursuance of the acts herein repealed.

Approved, March 3, 1795.

An Act making further provision for the support of
Public Credit, and for the redemption of the Public

Debt.

Be it enacted, &c., That it shall be lawful for the Commissioners of the Sinking Fund, and they are hereby empowered, with the approbation of the President of the United States, to borrow, or cause to be borrowed, from time to time, such sums, in anticipation of the revenue appropriated, not exceeding, in one year, one million of dollars, to be reimbursed within a year from the time of each loan, as may be necessary for the payment of the interest which shall annually accrue on the public debt; and for the payment of the interest on any such temporary loan, which shall not exceed six per centum per annum, so much of the proceeds of the duties on goods, wares, and merchandise imported, on the tonnage of ships or vessels, and upon spirits distilled within the United States, and stills, as may be necessary, shall be, and are hereby, appropriated.

SEC. 2. And be it further enacted, That a loan be opened at the Treasury to the full amount of the present foreign debt, to continue open until the last day of December, in the year one thousand seven hundred and ninety-six, and that the sums which may be subscribed to the said loan shall be payable and receivable, by way of exchange, in

SEC. 3. And be it further enacted, That credits to the respective subscribers for the sums by then respectively subscribed to the said loan, shall entered and given on the books of the Treasury in like manner as for the present domestic funde debt; and that certificates therefor, of a tenor com formable with the provisions of this act, signed by the Register of the Treasury, shall issue to the several subscribers, and that the said credits, a stock standing in the names of the said subscr bers, respectively, shall be transferable, in like manner, and by the like ways and means, as ar provided by the seventh section of the act afte said, entitled "An act making provision for the debt of the United States," touching the credits stock therein mentioned; and that the interest to be paid upon the stock which shall be constituted by virtue of the said loan shall be paid at the fices or places where the credits for the same shall from time to time stand or be, subject to like conditions and restrictions as are prescribed in and by the eighth section of the act last afore said.

SEC. 4. And be it further enacted, That the terest and principal of all loans authorized by this act shall be made payable at the Treasury of the United States only, so far as relates to the payment of the principal and interest of the domestic debt.

the

SEC. 5. And be it further enacted, That so muct of the duties on goods, wares, and merchandise imported, on the tonnage of ships or vessels, and upon spirits distilled within the United States and stills, heretofore appropriated for the interest of the foreign debt, as may be liberated or set free. by subscriptions to the said loan, together w such further sums of the proceeds of the said du ties as may be necessary, shall be, and they are hereby, pledged and appropriated, for the payme of the interest which shall be payable upon sums subscribed to the said loan, and shall co tinue so pledged and appropriated until the prit cipal of the said loan shall be fully reimbursed anú redeemed: Provided, always, That nothing here in contained shall be construed to alter, change or in any manner affect the provisions heretofore made concerning the said foreign debt, accordi to contract, either during the pendency of the s loan or after the closing thereof; but every thing shall proceed, touching the said debt, and ere part thereof, in the same manner as if this act bi never been passed, except as to such holders there

the

Acts of Congress.

of as may subscribe to the said loan, and from the time of the commencement thereof in each case, that is, when interest on any sum subscribed shall begin to accrue.

so much of the stock of the Bank of the United States as belongs to the United States, (deducting thereout such sums as will be requisite to pay interest on any part remaining unpaid of the loan SEC. 6. And be it further enacted, That the se- of two million of dollars had of the Bank of the veral and respective duties laid and contained in United States, pursuant to the eleventh section of and by the act, entitled "An act laying additional the act by which the said Bank is incorporated :) duties on goods, wares, and merchandise import- Thirdly. So much of the duties on goods, wares, ed into the United States," passed the seventh day and merchandise imported, on the tonnage of ships of June, one thousand seven hundred and ninety- or vessels, and on spirits distilled within the Unitfour, shall, together with the other duties hereto-ed States, and stills, as, with the said dividends, fore charged with the payment of interest on the after such deduction, will be sufficient, yearly and public debt, continue to be levied, collected, and every year, to pay the remaining instalments of paid, until the whole of the capital or principal of the principal of the said loan as they shall become the present debt of the United States, and future due, and as, together with any moneys which, by loans which may be made pursuant to law, for the virtue of provisions in former acts, and hereinexchange, reimbursement, or redemption thereof, before made, shall, on the first day of January, in or of any part thereof, shall be reimbursed or re- the year one thousand eight hundred and two, bedeemed, and shall be, and hereby are, pledged and long to the said Sinking Fund, not otherwise speappropriated for the payment of interest upon the cially appropriated; and with the interest on each said debt and loans, until the same shall be so re-instalment, or part of principal, which shall from imbursed or redeemed.

SEC. 7. And be it further enacted, That the reservation made by the fourth section of the aforesaid act, entitled "An act making provision for the reduction of the public debt," be annulled, and, in lieu thereof, that so much of the duties on goods, wares, and merchandise imported, on the tonnage of ships or vessels, and upon spirits distilled within the United States, and stills, as may be necessary, be, and the same hereby are, substituted, pledged, and appropriated for satisfying the purpose of the said reservation.

time to time be reimbursed or paid of that part of the debt or stock, which, on the first day of January, in the year one thousand eight hundred and one, shall begin to bear an interest of six per centum per annum, will be sufficient, yearly and every year, commencing on the first day of January, in the year one thousand eight hundred and two, to reimburse and pay so much as may rightfully be reimbursed and paid of the said principal of the said debt or stock which shall so begin to bear an interest of six per centum per annum, on the said first day of January, in the year one thousand eight hundred and one, excluding that which shall stand to the credit of the Commissioners of the Sinking Fund and that which shall stand to the credit of certain States, as aforesaid: Fourthly. The nett proceeds of the sales of lands belonging, or which shall hereafter belong to the United States, in the Western Territory thereof: Fifthly. All moneys which shall be received into the Treasury on account of debts due to the United States by reason of any matter prior to their present Constitution: And, lastly, All surplusses of the revenues of the United States which shall remain, at the end of any calendar year, beyond the amount of the appropriations charged upon the said revenues, and which, during the session of Congress next thereafter, shall not be otherwise specially appropriated or reserved by law.

SEC. 8. And be it further enacted, That the following appropriations, in addition to those heretofore made be made, to the fund constituted by the seventh section of the act, entitled "An act supplementary to the act making provision for the debt of the United States," passed the eighth day of May, one thousand seven hundred and ninety-two, to be hereafter denominated "The Sinking Fund," to wit: First. So much of the proceeds of the duties on goods, wares, and merchandise imported, on the tonnage of ships or vessels, and on spirits distilled within the United States, and stills, as, together with the moneys which now constitute the said fund, and shall accrue to it, by virtue of the provisions hereinbefore made, and by the interest upon each instalment, or part of principal which shall be reimbursed, will be sufficient, yearly and every year, commencing the first day SEC. 9. And be it further enacted, That as well of January next, to reimburse and pay so much as the moneys which shall accrue to the said Sinking may rightfully be reimbursed and paid, of the Fund, by virtue of the provisions of this act, as principal of that part of the debt or stock which, those which shall have accrued to the same by on the said first day of January next, shall bear virtue of the provisions of any former act or acts, an interest of six per centum per annum, redeem- shall be under the direction and management of able by payments on account both of principal the Commissioners of the Sinking Fund, or the and interest, not exceeding, in one year, eight officers designated in and by the second section of per centum, excluding that which shall stand to the act, entitled "An act making provision for the credit of the Commissioners of the Sinking the reduction of the Public Debt," passed the Fund, and that which shall stand to the credit of certain States, in consequence of the balances reported in their favor by the Commissioners for settling accounts between the United States and individual States Secondly. The dividends which shall be from time to time declared on

twelfth day of August, one thousand seven hundred and ninety, and their successors in office; and shall be and continue appropriated to the said fund until the whole of the present debt of of the United States, foreign and domestic, funded and unfunded, including future loans, which

Acts of Congress.

may be made for reimbursing or redeeming any instalments or parts of principal of the said debt, shall be reimbursed and redeemed; and shall be, and are hereby declared to be, vested in the said Commissioners, in trust, to be applied according to the provisions of the aforesaid act of the eighth day of May, in the year one thousand seven hundred and ninety-two, and of this act, to the reimbursement and redemption of the said debt, including the loans aforesaid, until the same shall be fully reimbursed and redeemed. And the faith of the United States is hereby pledged that the moneys or funds aforesaid shall inviolably remain and be appropriated and vested, as aforesaid, to be applied to the said reimbursement and redemption, in manner aforesaid, until the same shall be fully and completely effected.

reserved, may rightfully be paid for, and towards the reimbursement or redemption of such Det: or stock of the United States, as, on the first day of January next, shall bear an interest of six per centum per annum, redeemable by payments. Lo exceeding in one year eight per centum, on account both of principal and interest, excluding that standing to the credit of the Commissioners of the Sinking Fund, and that standing to the credit of certain States, as aforesaid, commencing the said reimbursement or redemption on the said first day of January next. Secondly-Such sum and sums as, according to the conditions of the aforesaid Loan, had of the Bank of the United States, shall be henceforth payable towards the reimbursement thereof, as the same shall respect ively accrue. Thirdly-Such sum and sums.a SEC. 10. And be it further enacted, That all re- according to the right for that purpose reserved imbursements of the capital or principal of the may rightfully be paid for and towards the reinPublic Debt, foreign and domestic, shall be made bursement or redemption of such Debi or strei under the superintendence of the Commission- of the United States as, on the first day of Ja ers of the Sinking Fund, who are hereby em-nuary, in the year one thousand eight hundred powered and required, if necessary, with the approbation of the President of the United States, as any instalments or parts of the said capital or principal become due, to borrow, on the credit of the United States, the sums requisite for the payment of the said instalments or parts of principal: Provided, That any loan which may be made to the said Commissioners shall be liable to reimbursement at the pleasure of the United States; and that the rate of interest thereupon shall not exceed six per centum per annum; and, for greater caution, it is hereby declared that it shall be deemed a good execution of the said power to borrow, for the said Commissioners, with the approbation of the President, to cause to be constituted certificates of stock, signed by the Register of the Treasury, for the sums to be respectively borrowed, bearing an interest of six per centum per annum, and redeemable at the plea- SEC. 12. Provided always, and be it further en sure of the United States; and to cause the said acted, That nothing in this act shall be construed to certificates of stock to be sold in the market of the vest in the Commissioners of the Sinking Fund a United States, or elsewhere: Provided, That no right to pay, in the purchase or discharge of the unsuch stock be sold under par. And for the pay-funded Domestic Debt of the United States, a higher ment of interest on any sum or sums which may be so borrowed, either by direct loans or by the sale of certificates of stock, the interest on the sum or sums which shall be reimbursed by the proceeds thereof, (except that upon the funded stock, bearing and to bear an interest of six per centum, redeemable by payments, not exceeding in one year eight per centum on account both of principal and interest,) and so much of the duties on goods, wares, and merchandise imported, on the tonnage of ships or vessels, and upon spirits distilled within the United States, and upon stills, as may be necessary, shall be, and hereby are, pledged and appropriated.

SEC. 11. And be it further enacted, That it shall be the duty of the Commissioners of the Sinking Fund to cause to be applied and paid, out of the said fund, yearly and every year, at the Treasury of the United States, the several and respective sums following, to wit: First-Such sum and sums as, according to the right for that purpose

and one, shall begin to bear an interest of six per centum per annum, redeemable by payments, not exceeding in one year eight per centum, on ac count both of principal and interest, excluding that standing to the credit of the Commissioners of the Sinking Fund, and that standing to the credit of certain States, as aforesaid, commencing the said reimbursement or redemption, on the firs day of January, in the year one thousand eigh hundred and two; and also to cause to be applied all such surplus of the said fund as may at any time exist, after satisfying the purposes aforesaid, towards the further and final redemption of the present Debt of the United States, foreign and de mestic, funded and unfunded, including loans for the reimbursement thereof, by payment or pur chase, until the said Debt shall be completely reimbursed or redeemed.

rate than the market price or value of the Funded Debt of the United States: And, provided also That if, after all the debts and loans aforesaid, now due, and that shall arise under this act, excepting the said Debt or stock bearing an interest of three per cent., shall be fully paid and discharged. any part of the principal of the said Debt or stock bearing an interest of three per cent., as aforesaid, shall be unredeemed, the Government shall have liberty, if they think proper, to make other and different appropriations of the said funds.

SEC. 13. And be it further enacted, That all pri orities heretofore established in the appropriations by law, for the interest on the Debt of the United States, as between the different parts of the said Debt, shall, after the year one thousand seven hundred and ninety-six, cease, with regard to al creditors of the United States who do not, before the expiration of the said period, signify, in writ ing, to the Comptroller of the Treasury, their dissent therefrom; and that thenceforth, with the

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Acts of Congress.

exception only of the debts of such creditors who shall so signify their dissent, the funds or revenues charged with the said appropriations shall, together, constitute a common or consolidated fund, chargeable indiscriminately, and without priority, with the payment of the said interest.

establish such forms and rules of proceeding for and touching the execution of this act as shall be conformable with the provisions thereof.

SEC. 18. And be it further enacted, That all the restrictions and regulations heretofore established by law for regulating the execution of the duties SEC. 14. And be it further enacted, That all cer- enjoined upon the Commissioners of the Sinking tificates, commonly called Loan Office certificates, Fund shall apply to and be in as full force for the final settlements, and indents of interest, which, execution of the analogous duties enjoined by this at the time of passing this act, shall be outstanding, act as if they were herein particularly repeated shall, on or before the first day of January, in the and re-enacted: and a particular account of all year one thousand seven hundred and ninety-sales of stock, or of loans by them made, shall be seven, be presented at the office of the Auditor of laid before Congress within fourteen days after the Treasury of the United States, for the pur- their meeting next after the making of any such pose of being exchanged for other certificates of loan or sale of stock. equivalent value and tenor, or, at the option of SEC.19. And be it further enacted, That in every the holders thereof, respectively, to be registered case in which power is given by this act to make at the said office, and returned; in which case it a loan, it shall be lawful for such loan to be made shall be the duty of the said Auditor to cause of the Bank of the United States, although the some durable mark or marks to be set on each same may exceed the sum of fifty thousand dolcertificate, which shall ascertain and fix its identi- lars. ty, and whether genuine, or counterfeit, or forged; and every of the said certificates which shall not be presented at the said office within the said time, shall be forever after barred or precluded from settlement of allowance.

SEC. 15. And be it further enacted, That if any transfer of stock standing to the credit of a State shall be made pursuant to the act, entitled "An act authorizing the transfer of the stock standing to the credit of certain States," passed the second day of January, in this present year, after the last day of December next, the same shall be upon condition, that it shall be lawful to reimburse, at a subsequent period of reimbursement, so much of the principal of the stock so transferred as will make the reimbursement thereof equal in proportion and degree to that of the same stock transferred previous to the said day.

SEC. 16. And be it further enacted, That, in regard to any sum which shall have remained unexpended upon any appropriation other than for the payment of interest on the Funded Debt; for the payment of interest upon, and reimbursement, according to contract, of any loan or loans made on account of the United States, for the purposes of the Sinking Fund, or for a purpose in respect to which a longer duration is specially assigned by law, for more than two years after the expiration of the calendar year in which the act of appropriation shall have been passed, such appropriation shall be deemed to have ceased and been determined; and the sum so unexpended shall be carried to an account on the books of the Treasury, to be denominated "The Surplus Fund." But no appropriation shall be deemed to have so ceased and been determined until after the year one thousand seven hundred and ninetyfive, unless it shall appear to the Secretary of the Treasury, that the object thereof hath been fully satisfied; in which case it shall be lawful for him to cause to be carried the unexpended residue thereof to the said account of "the Surplus Fund." SEC. 17. And be it further enacted, That the Department of the Treasury, according to the respective duties of the several officers thereof, shall

SEC. 20. And be it further enacted, That so much of the act laying duties upon carriages for the conveyance of persons, and of the act laying duties on licenses for selling wines and foreign distilled spirituous liquors by retail, and of the act laying certain duties upon snuff and refined sugar, and of the act laying duties on property sold at auction, as limits the duration of the said several acts, be, and the same is hereby repealed; and that all the said several acts be, and the same are hereby, continued in force until the first day of March, one thousand eight hundred and one.

Approved, March 3, 1795.

An Act making further appropriations for the Military and Naval Establishments, and for the support of Government.

Be it enacted, &c., That, including the appropria tion of five hundred thousand dollars, made for the Military Establishment for the year one thousand seven hundred and ninety-five, by an act of the present session, there be appropriated for the said Military Establishment a sum not exceeding one million four hundred and sixty-nine thousand four hundred and thirty-nine dollars and twentynine cents-that is to say: For the pay of the legion of the United States, three hundred and four thousand five hundred and forty-eight dollars. For the pay of the corps of artillery, fiftysix thousand eight hundred and sixty-eight dollars. For subsistence of the legion and artillery, three hundred and sixty-one thousand seven hundred and nineteen dollars and thirty cents. For forage and cavalry, thirty-three thousand seven hundred and twenty dollars. For clothing, one hundred and twenty thousand four hundred and forty dollars. For equipments for the cavalry, seven thousand three hundred and fourteen dollars. For horses for the cavalry, twenty-four thousand dollars. For bounty, five thousand dollars. For the hospital department, twenty thousand dollars. For the ordnance department, eleven thousand three hundred and sixty-five dollars and ninety-nine cents. For the Indian depart

Acts of Congress.

ment, eighty thousand dollars. For the quarter- Bank of the United States, which is hereby aumaster's department, one hundred and fifty thou-thorized to lend the same, or of any other body sand dollars. For contingencies of the War De- or bodies politic, person or persons, any sum or partment, thirty thousand dollars. For the de- sums not exceeding in the whole the sums herein fensive protection of the frontiers, one hundred appropriated, and to be applied to the purposes and thirty thousand dollars. For the completion aforesaid, and to be reimbursed, as well interest as of the fortifications, fifty thousand dollars. For principal, out of the funds aforesaid. additional pay and bounty to the legion and ar- Approved, March 3, 1795. tillery, pursuant to an act of the present session, seventy-seven thousand four hundred and sixtyfour dollars.

SEC. 5. And be it further enacted, That the Treasurer of the Mint shall be, and he is hereby, directed to retain two cents per ounce from every deposite of silver bullion, below the standard of the United States, which hereafter shall be made for the purpose of refining and coining; and four cents per ounce from every deposite of gold bulSEC. 6. And be it further enacted, That the Pre-lion made as aforesaid, below the standard of the sident of the United States be empowered to borrow, on behalf of the United States, of the