Disposition of the Proceeds from Indian Trade
Document 1797Wolcott maintains that the proceeds from Indian trade should be placed in the treasury of the Department of War so that they can be easily obtained by the Secretary of War. If placed in the General Treasury, these monies cannot be drawn without a warrant from the Secretary of the Treasury.
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T. D. Feby 25th 1797
Sir
An accident has delayed my reply to your letter of the 17th instant.
It will in my opinion be proper that the proceeds of the Peltry forwarded from the Store at Tellico should be placed in the Treasury of the Department of War, by your Warrant — If placed in [strikethrough: the Treasu] the General Treasury, the monies cannot be redrawn without my Warrant which must be predicated on some Act of Appropriation. — This would [strikethrough: not] either occasion a diminution of the Fund, or render the interposition of Congress annually necessary, contrary to what [strikethrough: should] appears to have been the intention of the
Act for establishing the Houses [strikethrough: of] for Indian Trade.
The superintendance of this business being properly with the Dept of War, it appears to be proper that the accounts of the [strikethrough: not] expenditures of the Funds should pass under the formalities established for other monies subject to your disposal, especially as this course will be most favourable to [strikethrough: di] dispatch & method.
I have &c
The Secy of War
Type
Autograph Draft Letter
Description
Wolcott maintains that the proceeds from Indian trade should be placed in the treasury of the Department of War so that they can be easily obtained by the Secretary of War. If placed in the General Treasury, these monies cannot be drawn without a warrant from the Secretary of the Treasury.
Date
02/25/1797
Author
Recipient
Sent from
Treasury Department
Repository
Collection
Document number
1797022540002
Page start
1
Note
Partially illegible.
Notable persons
James McHenry
Oliver Wolcott, Jr.
Indians
Secretary of War
Treasury Department
Secretary of Treasury
congress
Notable locations
Treasury Department
Tellico
store
Notable items
Horses
Indian trade
proceeds
monies
warrant
pottery
appropriation
diminution
fund
property
expenditures

