other sums, equal to the market value of the remaining funded stock, which would have been created by subscriptions, as aforesaid; which market value shall be determined by the Comptroller of the Treasury.
Sec. 4. Appropriation therefor. And be it further enacted, That the sum of twenty thousand dollars shall be, and hereby is appropriated for the purposes aforesaid, to be paid out of any monies in the treasury not otherwise appropriated.
Sec. 5. Treasury not to issue certificates of registered or unfunded debt.
Appropriation for services and supplies prior to the present constitution. And be it further enacted, That from and after the passing of this act, it shall not be lawful for the officers of the treasury to issue or cause to be issued, any certificates of registered or unfunded debt; and that to satisfy such claims for services, or supplies furnished or done prior to the establishment of the present constitution of the United States, as shall be allowed according to law, and the course of settlement at the treasury, there be appropriated a sum not exceeding twenty thousand dollars, to be paid out of any monies in the treasury not otherwise appropriated.
Sec. 6. Reimbursement to be made of the unfunded or registered debt. And be it further enacted, That the commissioners of the sinking fund shall be, and they are hereby required to reimburse, or cause to be reimbursed, the principal sums of the unfunded, or registered debt of the United States, credited on the books of the treasury, and commissioners of loans; Notification thereof to be published.and that they cause a notification to be published, informing the creditors generally, of the said reimbursement, and that interest on the said debts will cease at the expiration of six months after the date of the said notification; Appropriation therefor.and that a sum not exceeding ninety thousand dollars be appropriated for the reimbursement of the debts aforesaid, out of any monies in the treasury not otherwise appropriated.
Sec. 7. Creditors of unfunded or registered debt may receive certificates of stock for certain arrearages of interest. And be it further enacted, That it shall be lawful for the creditors of the unfunded or registered debt aforesaid, to receive certificates of funded three per cent. stock, equal to the arrearages of interest due to them, respectively, prior to the first day of January, one thousand seven hundred and ninety-one; and on the requisition of each or any of the said creditors, the proper officers of the treasury are hereby required to issue, or cause to be issued, the said certificates of funded three per cent. stock accordingly.
Approved, June 12, 1798.
Statute Ⅱ.
[Obsolete.]
Chap. ⅬⅡ.—An Act making appropriations for the Military establishment, for the year one thousand seven hundred and ninety-eight; and for other purposes.
Section 1. Specific appropriations. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That for the support of the military establishment, for the year one thousand seven hundred and ninety-eight, the pay and subsistence of the officers and men; bounties and premiums; the clothing, hospital, ordnance, quartermasters and Indian departments; the defensive protection of the frontiers; the contingent expenses of the war department, and the payment of military pensions; the sum of one million four hundred and eleven thousand seven hundred and ninety-eight dollars (including the sum of two hundred thousand dollars already appropriated on account) be, and hereby is appropriated; that is to say:
For the pay of the army of the United States, the sum of two hundred and sixty-four thousand eight hundred and twenty-four dollars.
For the subsistence of the officers of the army, the sum of forty thousand six hundred and sixty-one dollars.
For the subsistence of the non-commissioned officers and privates, the sum of two hundred and forty-seven thousand one hundred and seventy-eight dollars.
For forage, the sum of fifteen thousand eight hundred and sixteen dollars.