n the hands of the executive.
Gentlemen of the House of Representatives,—The commissioners, charged with the settlement of accounts between the United and individual States, concluded their important functions within the time limited by law; and the balances, struck in their report, which will be laid before Congress, have been placed on the books of the treasury.
On the first day of June last, an instalment of one million of florins became payable on the loans of the United States in Holland.
This was adjusted by a prolongation of the period of reimbursement, in the nature of a new loan, at interest at five per cent. for the term of ten years; and the expenses of this operation were a commission of three per cent.
The first instalment of the loan of two millions of dollars from the bank of the United States has been paid, as was directed by law. For the second, it is necessary that provision should be made.
No pecuniary consideration is more urgent than the regular redem