Papers of John Adams, volume 21

the Board of the Sinking Fund to Congress, [ca. 7 November 1791] Board of the Sinking Fund Adams, John United States Congress
The Board of the Sinking Fund to Congress
[ ca. 7 November 1791 ]1

The Vice President of the United States and President of the Senate, The Chief Justice, The Secretary of State, The Secretary of the Treasury and the Attorney General respectfully report to the Congress of the United States of America.

That pursuant to the Act intitled an Act making provision for the reduction of the public debt and in conformity to two resolutions agreed upon by them one on the fifteenth day of January another on the 15th. day of August last and severally approved by the President of the United States, they have caused purchases of the said debt to be made through the Agency respectively of Samuel Meredith 76 Treasurer of the United States, William Seton Cashier of the Bank of New York, Benjamin Lincoln Collector of the District of Boston and Charlestown and William Heth Collector of the District of Bermuda Hundred,2 to the amount of Eight hundred fifty two thousand, six hundred seventy seven dollars & forty six Cents; and for which there have been paid Five hundred forty eight thousand, Nine hundred twenty four Dollars and fourteen Cents in specie, as will more particularly appear by the several documents No I to VIII herewith submitted as part of this Report and which specify the places where, the times when, the prices at which, and the persons of whom the said purchases have been made. That though the statements of Willm Seton and Benjamin Lincoln have not yet passed through the forms of a settlement it appears by the document No. VIII being a certified transcript from the books of the Treasury that the amount of the stock by them respectively reported to have been purchased has been duly transferred to the said Books.

That the purchases now and heretofore reported amount in the whole to One million, one hundred thirty one thousand, three hundred sixty four thousand Dollars and seventy six Cents, for which there have been paid six hundred ninety nine thousand, one hundred sixty three dollars and thirty Eight Cents in specie.

Signed in Behalf of the Board

John Adams3

RC and enclosures (DNA:RG 46, Records of the U.S. Senate).

1.

The dating of this letter is based on when it was read in the Senate (U.S. Senate, Jour. , 2d Cong., 1st sess., p. 337). For JA’s role as a sinking fund commissioner, see vol. 20:452–453. The board enclosed various financial documents related to the U.S. government’s purchase of stocks and securities, as instructed to do so under the Funding Act of 4 Aug. 1790.

2.

Philadelphia merchant Samuel Meredith (1741–1817) was treasurer of the United States from 1789 to 1801. New York City merchant William Seton (1746–1798) acted as cashier of the Bank of New York from 1784 to 1794. William Heth (1750–1807), of Henrico County, Va., served as U.S. customs collector at Bermuda Hundred, Va., from 1789 to 1800. Maj. Gen. Benjamin Lincoln was the Boston port collector from 1789 to 1809 ( Biog. Dir. Cong. ; Catherine O’Donnell, Elizabeth Seton: American Saint, Ithaca, N.Y., 2018, p. viii, 13; Hamilton, Papers , 3:526–527, 16:491–492; Washington, Papers, Presidential Series , 2:120–121; Madison, Papers, Secretary of State Series , 1:144–145; ANB ).

3.

Closing line and signature in JA’s hand.

John Adams to Joseph Brown Jr., 8 November 1791 Adams, John Brown, Joseph, Jr.
To Joseph Brown Jr.
sir Philadelphia Novr: 8th: 1791.

By what accident it happened I know not, but your kind letter of the 6th: of August, never came to my hand till the 7th of this month of Novr: before which time the vacancy in the Office of Collector of 77 the port of Charleston was filled.1 But if even that event had not happened it is probable that no representation of mine concerning a Gentleman in your State, of whose character and accomplishments & connections my knowledge must be very imperfect, would have had much weight with the President in comparison with the gentlemen of the Senate and House of Representatives from the neighborhood. I thank you Sir for your personal civilities to me. I doubt not America will continue to reward me as generously as she has ever done. For my posterity I wish no other rewards or honors than their talents and virtues may merrit: from a free and enlightened people, and that the same rewards may be obtained by you, and every other worthy citizen, is the sincere wish of Sir, / Your most obedt: / and most humble sert:

John Adams

LbC in TBA’s hand (Adams Papers); internal address: “Mr: Joseph Brown / of Charleston / So Carrolina”; APM Reel 115.

1.

Charleston, S.C., merchant Joseph Brown Jr. wrote to JA on 6 Aug. (Adams Papers), reminding him of their prior acquaintance in France, and soliciting the post of port collector. Brown did not prevail. George Washington nominated Isaac Holmes on 31 Oct., and the Senate confirmed his nomination on 7 Nov. ( AFC , 3:302, 408–409; U.S. Senate, Exec. Jour. , 2d Cong., 1st sess., p. 86, 88).