' 
1798.) 
tion, has difcovered feveral, which, I be- 
lieve, have not been noticed before. 
On the river Yafous there are the re- 
mains of a wall of earth, in the form of 
a {quare, of about a mile in diameter, 
within which are diftintly feen the ruins — 
of houfes, and even of continued itreets. 
There are traces of roads marked in the 
ground, leading to it in different direc- 
tions; and alfo a fubterrancous paflage 
reaching from it tothe river. Adjoining 
toit, there is an extenfive burying-place, 
_ where the graves are formed with tour flat 
ftones fet.edgewife in the ground. 
There is an old town, fomewhat fimi- 
lar to the above, fituated upon the banks 
of Cumb:vlaud river. 
Upon the banks of the Mifourz, about 
400 miles above its confluence with the 
Mififippi, there is the ruin of a walled 
town of a circular form, and about three 
miles in circumference ; 
ifland in the former river there are the 
remains of feveral houfes, 
The earthern tumuli, and carms, or 
heaps of ftones, by the Indians called the 
raves, are very common; 
which Mr. CHISHOLM has feen opened, 
and he always found human bones in 
them. 
When the Indians are examined con- 
Welfb Indians, of Indian Antiquities, Se. 
and upon an. 
many of 
165 
cerning thefe things, their anfwer is, 
that they know nothing of them; but 
fuppote they were made by fome other | 
people, who formerly ‘occupied the 
country. ; 
The foregoing particulars are the fub- 
ftance of the communications of Mr. 
CHISHOLM, with refpect to fuch objects 
as may be deemed connected with the 
enquiry after the Wel/b Indians; but, 
from his being {fo long habituated to an 
Indian lite, it may cafily be magined, 
that-he poflefles a great ftore of very cu- 
rious and valuable information with re- 
fpexct=to the manners of a people, with 
whom the world is yet but {lightly ac- 
quainted. There is a probability that 
the publi¢ will not be long without a nul 
“account of his difcoverics and adventures, 
ashe has a large colle€tion of papers, 
containing memoirs of his life, Thefe 
papers,. for the purpofe of a better ar- 
rangement, previoudly to their being fent 
to Enrope for publication, -he« has 
put into the hands of his fon, a youth, 
who is ju returned to the Indian coun- 
try, after having completed his educa- 
tion at one.of the colleges in the United 
States. I remain, your’ss\é&c. 
Sept. 7, 1798: “MEIRION. 
re ee 
For the Monthly Magazine, 
A STATEMENT OF THE NATIONAL DEBT, at MipsumMER, 1798. 
Capital. Intereft and Managemamt 
HREE per Cent. Stock * ~ £.- 337,562,352 0 32 fe 10,252, 830,. HGS 
Four per Cent. do. ~ 46,260,293 11. 6 PRA biteape ae CoM 
Five per Cent. do. - - 43,230,384 17 3 2,435,770 12 8 
Prefent value of the Long Annuities T5553 9273 19) tik E,0z8,551r 15. 6 
Do. of the Short Annuities 2,137,145. B LI 120.80 i sis 
Do. of Life Ann. at 7 years purchafe ~ 384223 0 1 54,460 2 7 
Annuities on Lives withSurvivorfhip 1755 18,cco Oo Oo s40 0 9 
Tontiné Ann, 1789, at 14 years purchale - 258,192.13 3% 18,442 7 ck 
Prefent value of Exchequer Annuities 464,199 7 7 Boyeoe re ae 
Funded debt - - - 
Unfunded debt, about - - 
Total = 
45459245967 17 4% 
13,5000,000 oOo 
£. 463,424,967 17 42 
—— 

16,155,149 ym 2 
Marae keno) 
£-16,830;140 | 17 
—— 

- The above ftatement is formed according to the ufual mcde of eftimating the 
umount of the debt, but it is well known that the capita! thus ftated greatly ex- 
ceeds the fum that has been actually borrowed by government: this arifes from a 
praétice introduced in the year 1711, of creating a greater debi than the fum received, 
or entitling the leaders to a premium payable with the proper debt, and bearing 
intereft as if it was money really advanced, which, while there was a probability of 
yepayment at par, was certainly an inducement to the lenders to accept of a lefs rate 
of intereft than they would otherwife bave taken; and as it thus diminifhed the pre- 
Jent burthen of new loans, though it greatly increafed the future incumbrances, it 




ite xt Gee ott See 
* This is the total of the diferent capitals on which government pay three per cent. in- 
tere. The a€ual capitals of the three, four, and five per cents. at prefent differ'a little 
rom the above, but the diffcrerce 0 the whole not being yery confiderable, it is thought 
, proper to give them agrecable to the accounts that have been laid before parliament. 
t Se | 
‘ 
* ae 
