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National Debt - part 1

By the United States, in Congress assembled, September 4th, 1782 : On the report of a grand committee, consisting of a member from each state, resolved, that one million two hundred thousand dollars be quotaed on the states, as absolutely and immediately necessary for payment of the interest of the public debt ...

To view the original document within the Documents of the Continental Congress Collection in American Memory, search on "intergovernmental fiscal relations."

By the United States in Congress Assembled.
September 4th, 1782

ON the report of a Grand Committee, consisting of a member from each state,

RESOLVED, That one million two hundred thousand dollars be quotaed on the States, as absolutely and immediately necessary for payment of the interest of the public debt; and that it be recommended to the Legislatures of the respective States, to lay such taxes as shall appear to them most proper and effectual for immediately raising their quota of the above sum.

RESOLVED, That the money so raised in each State, shall be applied towards paying the interest due on certificates issued from the loan-office of such State, and other liquidated debts of the United States contracted therein, before any part thereof shall be paid into the public treasury.

ORDERED, That the foregoing resolutions be referred to the Grand Committee, to assess and report the quota of each State.

September 10, 1782.

On the report of the Grand Committee,

RESOLVED,
THAT
1,200,000 dollars, to be raised for the payment of the interest of the domestic debt of the United States, be apportioned to the several States, according to the following quotas, viz.

New-Hampshire: 48,000

Massachusetts: 192,000

Rhode-Island: 28,800

Connecticut: 133,200

New-York: 54,000

New-Jersey: 66,000

Pennsylvania: 180,000

Delaware: 16,800

Maryland: 132,000

Virginia: 174,000

North-Carolina: 88,800

South-Carolina: 72,000

Georgia: 14,400

1,200,000

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