Advantages of loans in cases of extraordinary expenditure.--Different kinds of loans.--Relative advantages of domestic and foreign loans.--Necessity of establishing public credit.--This must be done by funding the public debt.--Amount of the debt.-- Impolicy of raising money by loans, without previously providing the necessary funds.--Impolicy of attempting to pay the interest of domestic debts by foreign loans.--The revenue granted must be sufficient for the purpose.--Nature of the revenue.-- Advantages of a land tax.--Answer to objections against it.--Poll tax.--Excise.--The collection of the tax.--Appropriation of the revenue.--Funded debt.--Sinking fund.--Answer to the objections against speculations in the funds.--Back lands.--Disputes as to the property and disposition of them.--Manner in which they may be rendered productive. To the President of Congress. Office of Finance, July 30th, 1782, 238 Enclosing estimates for the year 1783.--Necessity of establishing a navy.--Mode of raising the estimates. To the Governor of Rhode Island. Office of Finance, August 2d, 1782, 242 The impost recommended by Congress has been laid by all the States except Rhode Island.--Reply to the objections against passing the impost.--The refusal of Rhode Island suspends the whole operation of the impost. To Sir Guy Carleton. Office of Finance, August 20th, 1782, 248 Exchange of prisoners. To Alexander Hamilton. Office of Finance, August 28th, 1782, 248 Regrets his retirement from the office of Receiver.--Weakness of the confederacy.--Mode of collecting the taxes. To George Washington. Office of Finance, August 29th, 1782, 252 Declares himself unable to supply the army. To George Washington. Office of Finance, August 30th, 1782, 254 Object of the preceding letter. To the President of Congress. Office of Finance, September 9th, 1782, 255 Urging the adoption of measures for raising a loan. To George Washington. Office of Finance, September 9th, 1782, 256 Failure of his resources. To Messrs Willink & Co., Amsterdam. Office of Finance, September 24th, 1782, 256 Intends to draw bills on them. To Messrs Le Couteulx & Co., Paris. Office of Finance, September 24th, 1782, 257 Reasons for desiring that the money of the United States in Holland should be sent by the way of the Havana.