James Madison

Order—Authorization to Borrow Funds

May 28, 1810

James Madison, President of the United States of America, to Albert Gallatin, Secretary of the Treasury:

By virtue of the act entitled "An act authorizing a loan of money for a sum not exceeding the amount of the principal of the public debt reimbursable during the year 1810," passed on the 1st day of May, 1810,1 do hereby authorize and empower you, by yourself or any other person or persons, to borrow on behalf of the United States, of the Bank of the

United States, any sum not exceeding in the whole $3,750,000, and to make or cause to be made for that purpose such contract as shall be necessary and for the interest of the said States, pursuant to the act aforesaid; and for so doing this shall be your warrant.

Given under my hand, at Washington, this 28th day of May, A.D. 1810.

Signature of James Madison
JAMES MADISON

Source: Messages and Papers of the Presidents, 1789-1897, Volume X, James D. Richardson, ed., p 101.

[From American State Papers, Finance, Vol. II, p. 419]

James Madison, Order—Authorization to Borrow Funds Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/379198

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