On the ledger of said loan office an account was opened with Samuel
Prioleau, in which he was credited with the three items of stock and
deputed by the transfer of each certificate to certain persons named,
under dates of May 20, 1795, August 24, 1795, and April 19, 1796.
These records show that the account of Samuel Prioleau, required to be
settled by the act of January 28, 1795, was settled; that the value of
the property destroyed was allowed; that the amount so found due was
funded by said Prioleau and entered by his order on the loan-office
books of South Carolina, and soon thereafter by him sold and
transferred. That the entire funded debt of the United States was long
since paid is matter of history.
It is apparent that the claim has been prosecuted under a
misapprehension on the part of the present claimants.
I present the evidence in the case collected by the First Comptroller
and embodied in his report for your consideration, together with a copy
of a letter just received by that officer from the executor of P.G.
Prioleau, and respectfully recommend the repeal of the act of July 27,
1854.