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Senate Committee Report, July 12, 1790
(Courtesy of the Library of Congress)
Part 2
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On June 14 Sen. Oliver
Ellsworth of Connecticut presented a resolution to include assumption in the funding bill.
The Senate committed the resolution on July 2, the day after it passed the bill locating
the capital on the Potomac. This is the committee's report in favor of assumption. On
July 21, by one vote, the Senate agreed to a Funding Bill which contained a provision for
assumption. Assumption was introduced in the Senate at this time as part of the Compromise
of 1790, by which the U.S. capital was located on the Potomac and the state debts were assumed
by the federal government.
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