Item #39727 REPORT OF THE SECRETARY OF THE TREASURY, RESPECTING THE REDEMPTION OF THE PUBLIC DEBT, AND THE REIMBURSEMENT OF THE LOAN MADE OF THE BANK OF THE UNITED STATES. In: THE UNIVERSAL ASYLUM, AND COLUMBIAN MAGAZINE, FOR DECEMBER, 1792. Alexander Hamilton.
REPORT OF THE SECRETARY OF THE TREASURY, RESPECTING THE REDEMPTION OF THE PUBLIC DEBT, AND THE REIMBURSEMENT OF THE LOAN MADE OF THE BANK OF THE UNITED STATES. In: THE UNIVERSAL ASYLUM, AND COLUMBIAN MAGAZINE, FOR DECEMBER, 1792.

REPORT OF THE SECRETARY OF THE TREASURY, RESPECTING THE REDEMPTION OF THE PUBLIC DEBT, AND THE REIMBURSEMENT OF THE LOAN MADE OF THE BANK OF THE UNITED STATES. In: THE UNIVERSAL ASYLUM, AND COLUMBIAN MAGAZINE, FOR DECEMBER, 1792.

Philadelphia: Printed for the Proprietors of William Young, Bookseller, 1792. Pages 421-429, signed in type by Hamilton in several places, and dated November 30, 1792. The entire issue is [361]- 432 pp. Disbound, else Very Good.

This is certainly one of the very earliest printings of Hamilton's ground-breaking Treasury Department Report, dated November 30, 1792. He issued it "in obedience to two resolutions of the House of Representatives" directing him to report a plan for redemption of the debt, and "reimbursement of the Loan made of the Bank of the United States."
Hamilton's Report delineates "the most eligible means of providing for the execution of that important object." He worries that the "continuance of the present Indian war" is likely to "exhaust the product of the existing revenues." Hamilton urges, first, that existing revenues should be used for "occasional purchases of the debt when not exhausted by [other] exigencies." He would then create "an annual fund" for gradual reduction and ultimate elimination of the public debt, proposing specific funding sources and annual amounts for the redemption over a nine-year period, demonstrated by accompanying Tables A, B, C, and D. Item #39727

Price: $950.00

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