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Auction archive: Lot number 1061

JEFFERSON, Thomas]. UNITED STATES, Second Congress. Printed docuemnt boldly signed ("Th; Jefferson") as Secretary of State, comprising An Act making Appropriations for the Support of Government for the Year [1792] . Philadelphia, 23 December 1791. 3 ...

Auction 14.06.2005
14 Jun 2005
Estimate
US$20,000 - US$30,000
Price realised:
US$33,600
Auction archive: Lot number 1061

JEFFERSON, Thomas]. UNITED STATES, Second Congress. Printed docuemnt boldly signed ("Th; Jefferson") as Secretary of State, comprising An Act making Appropriations for the Support of Government for the Year [1792] . Philadelphia, 23 December 1791. 3 ...

Auction 14.06.2005
14 Jun 2005
Estimate
US$20,000 - US$30,000
Price realised:
US$33,600
Beschreibung:

JEFFERSON, Thomas]. UNITED STATES, Second Congress. Printed docuemnt boldly signed ("Th; Jefferson") as Secretary of State, comprising An Act making Appropriations for the Support of Government for the Year [1792] . Philadelphia, 23 December 1791. 3 pages, folio , FINE. THE UNITED STATES FUNDING ACT, 1792. In 1792, the entire expenditures of the United States government could be encompassed on three neatly printed pages (current editions of the budget weigh in at over 400 pages). The Act specifies essentially three areas of expenditures: salaries and expenses of government officials, "the support of the military establishment of the United States," and debt service. The salaries of the President, Vice-President, Attorney General and the Justices of the Supreme Court total $53,000. The salaries of all House and Senate members total $129,000 (less than the annual pay of a single member today). There are some striking entries, such as the appropriation "for the payment of the annual grant to Baron Steuben, pursuant to an act of Congress," of $2500; an appropriation for $19,772.79 "for the additional expense of enumeration of the inhabitants of the United States" in the first census in 1790. And $1,000 "for the purchase of hydrometers for the use of the officers in the execution of the laws of revenue." The total cost of the Government's operation a relatively modest $600,000.

Auction archive: Lot number 1061
Auction:
Datum:
14 Jun 2005
Auction house:
Christie's
New York, Rockefeller Center
Beschreibung:

JEFFERSON, Thomas]. UNITED STATES, Second Congress. Printed docuemnt boldly signed ("Th; Jefferson") as Secretary of State, comprising An Act making Appropriations for the Support of Government for the Year [1792] . Philadelphia, 23 December 1791. 3 pages, folio , FINE. THE UNITED STATES FUNDING ACT, 1792. In 1792, the entire expenditures of the United States government could be encompassed on three neatly printed pages (current editions of the budget weigh in at over 400 pages). The Act specifies essentially three areas of expenditures: salaries and expenses of government officials, "the support of the military establishment of the United States," and debt service. The salaries of the President, Vice-President, Attorney General and the Justices of the Supreme Court total $53,000. The salaries of all House and Senate members total $129,000 (less than the annual pay of a single member today). There are some striking entries, such as the appropriation "for the payment of the annual grant to Baron Steuben, pursuant to an act of Congress," of $2500; an appropriation for $19,772.79 "for the additional expense of enumeration of the inhabitants of the United States" in the first census in 1790. And $1,000 "for the purchase of hydrometers for the use of the officers in the execution of the laws of revenue." The total cost of the Government's operation a relatively modest $600,000.

Auction archive: Lot number 1061
Auction:
Datum:
14 Jun 2005
Auction house:
Christie's
New York, Rockefeller Center
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