Note 1091 — Chapter XI

The act requiring the Secretary of the Treasury to lay before Congress at each session a report of financial conditions with his recommendations. (Annals, 6th Cong., 1st Sess., Appendix, 1523.) The Speaker thought this law important because it "will give splendor to the officer [Secretary of the Treasury] and respectability to the Executive Department of the Govt." (Sedgwick to King, supra.) Yet the session passed several very important laws, among them the act accepting the cession of the Western Reserve (Annals, 6th Cong., 1st Sess., Appendix, 1495-98) and the act prohibiting American citizens "or other persons residing within the United States" to engage in the slave trade between foreign countries (ib., 1511-14.)