600
Crisis in Domestic Affairs
[1781
The present quartermaster has not made returns ; but as it is well known that he has not been supplied with money, whatever exertions have been made or supplies furnished in that department must have been on credit. It is to be presumed that the debts by him contracted up to 1st Jan. 1781, amount in specie to | Dollars | 500,000 | ||||
The commissary of purchases has made returns of debts due in his department amounting to | 11,3888,903 | |||||
To this is to be added what yet remains of the old currency unredeemed, suppose | 160,000,000 | |||||
To which maybe added for navy debts, &c., for debts due in the departments of the board, of the commissary general of military stores and the clothier general, estimated at | 10,702,377 | |||||
Total in continental at 75 | ||||||
for 1 | 230,000,000 is 3,066,66623 | |||||
To which added the new money issued in lieu of the old which is called in and destroyed | 2,000,000 | |||||
Total debts in specie | 24,057,15723 |
Secret Journals of the Acts and Proceedings of Congress (Boston, 1821), I 189-194.