Of the SECRETARY of the TREASURY to the HOUSE of REPRESENTATIVES. Treasury Depar t me nt, Jan. 9, 179°- [continuation.^ \ Hundred dollars advanced upon the life of a person of ele -i JL ven years old, would produce an annuity Dollars. Parti. If commencing at twenty-one, of - 10 346 If commencing at thirty-one, of - i 8 803 It commencing at forty-one, of - "37 If commencing at fifty-one, of - - 78 580 The fame sum advanced upon the chance of the furvivoilhip of the youngtft of two lives, one of the persons being twenty-five, the other, thirty years old, would produce, if the youngest of the two, should survive, an annuity for the remainder of lite of 23 dollars, 556 parts. From these instances may readily bed.fcerncd, the advantages, which these deterred annuities atford, for securing a comfortable providon for the evening of life, or for wives, who survive their hulbands. The sixth plan also relinquishes the supposition, which is the foundation of the second, and third, and offers a higher rate of interest upon similar terms of redemption, for the coniideration of the payment of one half of the loan in specie. This is a plan highly advantageous to the creditors, who may be able to make that payment; while the specie itfelf could be applied in pur chases of the debt, upon terms, which would fully indemnify the public tor the increased interest. 4 It is not improbable, that foreign holders of the domtflic debt, may embrace this as a desirable arrangement. As an auxiliary expedient, and by W3y of experiment, the Se cretary would pro pole a loan upon the principles ot a tontine. To consist of fix claffcs, composed refpe&ively of persons of the following ages : First class, of those of 2© years and under. Second class, of those above 20, and not exceeding 30. Third class, of those above 30, and not exceeding 40. Fourth class, of those above 40, and not exceeding 50. Fifth class, of those above 50, and not exceeding 60. Sixth class, of ihofe above 60. Each (hare to be two hundred dollars. The number of shares in each class, to be indefin'te. Persons to be at liberty to fub icribe on their own lives, or on those of others, nominated by them. Dollars. Cents. The annuity upon a (hare in the firft class to be upon a (hare in the fctond upon a ihar. in the third upon a share in the fourth upon a share in the fifth a fha r '»e sixth upon a (hare in ~c lilt - - 12. jO The annuities of those who die, to be equally divided survivors, until four-fifths shall be dead, when the principle of furvivotlhip (hall cease, and each annuitant thenceforth enjoy his dividend as a fcvcral annuity di» the life, upon which it shall depend. Thcfe annuities are calculated on the best life in each class, and at a rate of intereil of four per cent, with fomc dedu&ions in fa vor of the public. To the advantages which thcfe cncumftances present, the celTation of the right of survivorship on the death of iour-fifths of the annuitants, will be no inconsiderable addition. The inducements to individuals are, a competent interefl for their money from the outset, secured for life, and the profpeft of continual encreafc, and even of large profit to those, whose fortune it is, to survive their associates. It will have appeared, that in all the proposed loans, the Se cretary has contemplated the putting the intercft upon the fame footing with the principal : 7hut on the debt ot the United States, he would have computed to the last of the pre Cent year : That on the debt of the particular States, to the last of the year 1791 ; the reason for whicn diftinttion will be leen hereafter. In order to keep up a due circulation of money, it will be ex pedient, that the intercftof the dabt Ihould be paid quarter-year ly. This regulation will, at the fame time, conduce to the advan tage of the public creditors, giving them, in fatt, by the antici pation of payment, a higher rate of intcreft; which may, with propriety, be taken into the estimate of the compcnfation to be made to them. Six per cent, per annum, paid in this mode, will truly be worth fix dollars, and one hundred and thirty-five thou sandth parts of a dollar, computing the market interell at the fame rate. FROM THE AMERICAN MERCURY. THE APOLOGIZER. HOW happy, fays one, would the times be, if we could all fee alike in politics. When a young man, I was of the fame opinion, and used to lose all patience with other people when they contradicted me ; since which experience has con vinced me I was in an error ; and I every day find benefit from the different opinions of men. In stead of faulting, it is now my business to frame an apology for every one who opposes the govern ment, and having applied myfelf with great in dustry to the business, and examined a great num ber of anti-federalifts, I have always foundafuffi cient reason, either in the particular ftru