of the
destruction of the property, making the sum of $10,040.80, was allowed
to Samuel Prioleau under the act for his relief passed in 1795.

That amount was reported by the Auditor to the Comptroller on the
4th day of February, 1795, to be funded as follows, to wit.

Two thirds of $6,122.44 called 6 per cent stock $4,081.63
One third called deferred stock 2,040.81
Interest on the principal, called 3 per cent stock 3,918.36

Total 10,040.80

On the books of the loan office of South Carolina, under date of April
27, 1795 is an entry showing that there was issued of the funded 6 per
cent stock to

Samuel Prioleau 4,081.63
Of the deferred stock 2,040.81
Of the 3 per cent stock 3,918.36

Total 10,040.80

On the ledger of said loan office an account was opened with Samuel
Prioleau, in which he was credited with the three items of stock and
deputed by the transfer of each certificate to certain persons named,
under dates of May 20, 1795, August 24, 1795, and April 19, 1796.

These records show that the account of Samuel Prioleau, required to be
settled by the act of January 28, 1795, was settled; that the value of
the property destroyed was allowed; that the amount so found due was
funded by said Prioleau and entered by his order on the loan-office
books of South Carolina, and soon thereafter by him sold and
transferred. That the entire funded debt of the United States was long
since paid is matter of history.

It is apparent that the claim has been prosecuted under a
misapprehension on the part of the present claimants.

I present the evidence in the case collected by the First Comptroller
and embodied in his report for your consideration, together with a copy
of a letter just received by that officer from the executor of P.G.
Prioleau, and respectfully recommend the repeal of the act of July 27,
1854.

FRANKLIN PIERCE.

WASHINGTON, _December 11, 1854_.

_To the House of Representatives_:

I transmit herewith a report from the Secretary of State, with
accompanying documents,[33] in compliance with the resolution of the
House of Representatives of the 27th of July last.

FRANKLIN PIERCE.

[Footnote 33: Correspondence of the American consul-general at Cairo
relative to the exp