thousand dollars, and the State B for
one hundred thousand dollars. And if it should appear, that the former
had paid one hundred thousand, and the latter only ninety thousand,
the former would be credited, and the latter debited ten thousand
dollars, with six per cent interest.

I would propose, that the advances made by the several States,
subsequent to the 22d of November, and prior to the 18th of March,
1780, excepting those to militia not authorised, should be estimated
as aforesaid, and carried to account regularly upon the advances of
money made to each from the Continental treasury, and the
apportionment of the several demands made by Congress, in like manner
with the moneys paid to their order. And that interest, at six per
cent, should be charged or credited upon the several balances, until
the 18th of March, 1780.

I would further propose, that on this day these balances, and those
before mentioned, should be liquidated together, and the final
capitals be considered as principal sums, bearing interest at six per
cent. Thus, supposing the State A, in one account, to be credited ten
thousand dollars, amounting, with interest, to eleven thousand, and
debited in the other account five thousand, amounting, with interest,
to six; in that case, the final balance, on the 18th of March, would
be a credit of five thousand dollars.

On the 18th of March, we come to a new and more enlightened era of
public accounts. The appointment formerly mentioned as preliminary to
a settlement, will determine the quota due by each State for the two
hundred millions of old Continental money, valued at forty for one.
These resolutions of the 18th of March, 1780, not having been fully
complied with, there appears to be a propriety in the following plan.

1st. To charge the several States with their proportions of it at that
rate.

2dly. To fix some future day for the full compliance with the
resolution.

3dly. To receive old paper at the rate of forty for one, in discharge
of those proportions, until that day; and,

4thly. To charge the balances then unpaid in specie, with a debit and
credit of interest at six per cent in the manner before mentioned.

I am sensible, that many persons now condemn the resolutions of the
18th of March, and among these are found some of those who warmly
advocated it previously to that period. It is not my business to enter
into arguments on the subject. Be those resolutions wise or unwise,
they a