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[UNITED STATES, FIRST CONGRESS]. An Act to explain and amend an Act, entitled "An Act for Registering and Clearing Vessels, Regulating the Coasting Trade, and for other Purposes," New York, 29 September 1789 [New York: Childs and Swaine, 1789]. SIGNED BY SAMUEL A. OTIS (1740-1814), Secretary of the Senate and by John Beckly, Clerk of the House. Folio broadside. In superb condition, with margins entirely untrimmed. Shipton & Mooney 45709.
COLLECTING IMPORT DUTIES: THE FUNDAMENTAL SOURCE REVENUE UNDER HAMILTON'S PLAN FOR THE NEW NATION. The present Act and the Act it amends (HR-16) together established the precise rules and procedures for the collection of duties on America's burgeoning maritime import trade. These, and selective excise taxes, were key features in Hamilton's plan to establish the public credit and ensure the continued solvency of the new Federal government under the Constitution. As head of the Treasury, Hamilton was largely responsible for the design of the plan, which required careful oversight, meticulous record-keeping, and the establishment of professionally staffed collector offices in every significant coastal port, in order to enforce and encourage compliance and discourage smuggling. Here, Otis and Beckley certify that the broadside is "a true copy of the Act of Congress" containing these historic enactments.
COLLECTING IMPORT DUTIES: THE FUNDAMENTAL SOURCE REVENUE UNDER HAMILTON'S PLAN FOR THE NEW NATION. The present Act and the Act it amends (HR-16) together established the precise rules and procedures for the collection of duties on America's burgeoning maritime import trade. These, and selective excise taxes, were key features in Hamilton's plan to establish the public credit and ensure the continued solvency of the new Federal government under the Constitution. As head of the Treasury, Hamilton was largely responsible for the design of the plan, which required careful oversight, meticulous record-keeping, and the establishment of professionally staffed collector offices in every significant coastal port, in order to enforce and encourage compliance and discourage smuggling. Here, Otis and Beckley certify that the broadside is "a true copy of the Act of Congress" containing these historic enactments.