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GIVING MORE TIME TO SETTLE REVOLUTIONARY WAR DEBTS JEFFERSON, THOMAS. Printed Document Signed, "Th:Jefferson," as Secretary of State, an act of the Second Congress: "An ACT to extend the Time limited for settling the Accounts of the United States with the Individual States." Printed in Philadelphia by Childs and Swaine in 1792. 1 page, tall 4to; slight fading to signature, faint scattered foxing, short closed separation at horizontal fold repaired verso with tissue, few traces of prior mounting at edges verso, encapsulated (but removable). Philadelphia, 23 January 1792
In accordance with a plan devised by Alexander Hamilton, beginning with the passage of the Funding Act of 1790, the federal government began assuming the Revolutionary War debts incurred by the states. 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 accomplishes this, as well as making a special extension of 5 months for Vermont, which gave the new state time to calculate the amount of debt. one of 28 copies signed by jefferson. Evans 24874.
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