Title: Enclosure B: Government of France Account with the United States, 6 January 1795
From: Wolcott, Oliver, Jr.
To:

Dr
Cr

Epoch of Septem. 3d. 1794

Livres
s.
d.

Livres
s.
d.

To balance due to the United States at the close of the year 1793 exceeding the interest and instslments then due
2 109 974
18
2
By the eighth instalment due on Sept 3: 1794 of the loan of eighteen Millions
1,500,000

To payments made at the Treasury to may 15: viz

By Account of interest, for a balance of interest due on the 3d. of September, on the remaining part of the loan of eighteen Millions
303 406
4
11

April 2
Drs. 350

Balance due to the United States on September3d. 1794 arising from payments exceeding the interest and instalments demandable by France to that period.
2,199,091

6

may 15
20,000
20 350 @ 18 15/100 Cents
112 121
4
2

To payments at the Treasury on may 20 & June 4. Viz

may 20.
Drs 622,81

June 4
50,270
50892.81 @ do
280,401
3
1

To payments at the Treasury from Sept 3: to Oct: 30: 1794 at interest from Septem. 3: when the whole sum was subject to the order of the French minister

Drs. 272,250 @ do
1,500,000

4,002,497
5
5

4,002,497
5
5

Epoch of Novem 4 1794.

To balance due to the United States on Sept: 3. 1794 brought down
2,1199,091

6
By the eighth instalment due on Nov. 4. 1794 of the loan of ten millions
1 000,000

To payments at the Treasury from Nov: 4 to 13: 1794 to be at interest from Nov. 4 when the whole sum was subject to the order of the french minister

By account of interest for a balance of interest due on the 4. of November on the remining part of the loan of ten millions
102 751
16

Dollars 181,500 @ 18 15/100 Cents
1,000,000

Balance due to the United States on Nov: 4: 1794 arising from payments exceeding the interest and instalments then demandable by France
2,096 339
4
6

3,199,091

6

3,199,091

6

Epoch of decem 31. 1794

To balance due to the United States on Nov. 4: 1794 brought down
2 096 339
4
6
By account of interest, for a balance of interest due on the 31: of decem. on the remaining part of the loan of six Millions
284.379
16
8

Balance due to the United States on decem. 31: 1794 arising from payments exceeding the interest and instalments demandable by France to that period
1,811,959
7
10

2.096.339
4
6

2 096,339
4
6

To balance due to the United States on decem. 31. 1794 brought down
1.811.959
7
10

The Government of France Account Current of Interest With the United States

Dr
Cr

Epoch of Septem. 3d. 1794.

Livres
S.
d.

Livres
s.
d.

To interest on the balance due to the United States at the close of the year 1793 being 2,109,974 livres 18 sous & 2 deniers from Jany. 1: 1794 to Sept: 3d: following is 8 months and 2 days @ 4,706 ⅌ Cent ⅌ Annum being an average of the Interest payable on the French loans when obtained
66.748
11
6
By interest due on September 2d 1794 on 7,500,000 remaining of the loan of 18 000 000 @ 5 ⅌ Cent ⅌ Annum 1 year
375 000

To interest on livres 112 121 42 being payments at the Treasury to May 15. 1794 from may 15: to Sept: 3d: is 3 months and 18 days @ 4,706 ⅌ Cent ⅌ Annum
1,582
18
5

To interest on livres 280 401 3 1 being payments at the Treasury on may 20: and june 4: 1794 from june 4: to sept: 3d: is 2 months and 29 days @ 4706 ⅌ Cent ⅌ Annum
3 262
5
2

To account of principal for the balance of this account
303,406
4
11

375,000

375 000

Epoch of Novem. 4: 1794.

To interest on the balance of principal due to the United States on Sept: 3: 1794 being 2,199,091 livres & 6 deniers from Sept 3 to Nov: 4: 1794. is 2 months @ 4.706 ⅌ Ct. ⅌ annum
17.248
4
By interest due on Nov 4 1794 on 3 000 000 ₶ remaining to that period of the loan of 10,000,000 @ 4 ⅌ Ct. ⅌ annum
120,000

To account of principal for balance of this account
102 751
16

120,000

120,000

Epoch of decem. 31 1794.

To interest on the balance of principal due to the United States on Nov: 4: 1794, being 2,096,339 livres 4 sous & 6 ders. from Nov: 4 to decem 31. 1794 is 1 month and 27 days @ 4 706 ⅌ Cent ⅌ Annum
15 620
3
4
By interest due on decem. 31. 1794 on the loan of 6,000,000 @ 5 ⅌ Cent ⅌ annum
300,000

To account of principal for balance of this account
284 379
16
8

300,000

300,000

Result on January 1. 1795.The Government of France in Account Current With the United States On January 1. 1795.

Dr.
Cr.

Livres
s.
d.

Livres
s.
D.

To balance due to the United States on january 1 1795 arising from payments exceeding the interest and instalments demandable by France to that period
1.811.959
7
10
By 4 instalments of 1 500.000 livres each on the loan of 18,000,000 which will be due on the 2d. of Sept: in the years 1795, 1796, 1797, & 1798 bearing interest from Sept. 3 1794 @ 5 ⅌ Cent ⅌ annum
6 000,000

Balance due to the French Government on 1 Jany 1795 (exclusive of interest on loans ⅌ Credit)
12.188.040
12
2
By 2 instalments of 1 000 000 livres each on the loan of 10.000 000 which will be due on the 4 of Nov: in the years 1795 & 1796 bearing interest from the 4. of November 1794 @ 4 ⅌. Cent ⅌. annum
2,000,000

By 6 instalments of 1 000.000 livres each on the loan of 6,000,000 which will be due in the years 1797, 1798, 1799, 1800, 1801, & 1802 bearing interest from january 1 1795 @ 5 ⅌. Cent ⅌. annum
6,000,000

14.000,000

14,000,000

Comptroller’s Office January 6, 1795Oliv. Wolcott Compr


Title: Enclosure C: [Statement of Interest Payable in the Year 1794], 6 January 1795
From: Wolcott, Oliver, Jr.
To:

Guilders.
Guilders.

Guilders
S:
d.
rate of excha. ⅌ Guilder
Amount in Dollars
Cents

Five ⅌ Cent: Loans effected at Amsterdam.

On 4,000,000

of the loan of 5,000,000 ⅌ Contracts dated June 11: 1782, at interest from June 1: 1793 to June 1: 1794
200,000

on 1,000,000

⅌ Contract dated June 1: 1787, at interest for the same period
50,000

on 1,000,000

⅌ Contract dated march 13: 1788, do  do
50,000

6,000,000.
Effected under the late Government.

on 3,000,000

⅌ Contract dated february 1: 1790 at interest from february 1: 1793 to february 1: 1794
150,000

on 2,500,000

⅌ Contract dated march 2: 1791 at interest from march 1: 1793 to March 1: 1794
125,000

on 6,000,000

⅌ Contract dated decem: 14: 1791 at interest from septem: 1: 1793 to septemr. 1: 1794
300,000

on 1,000,000

being a reloan of the first instalment due on June 1: 1793 on the loan of 5,000,000 ⅌ contracts of June 11: 1782, at interest from June 1: 1793 to June 1: 1794
50,000

12,500,000
Effected under the present Government.

on 2,000,000

Four per Cent: Loans effected at Amsterdam.⅌ Contract dated march 9: 1784 at interest from february 1: 1793 to february. 1: 1794
80,000

2,000,000
Effected under the late Government.

on 3,000,000

⅌ Contract dated decembr. 24: 1791 at interest from Jany. 1: 1793 to january 1: 1794
120,000

on 2,950,000

of a loan of 3,000,000 ⅌ contract of august 9: 1792 at interest from June 1: 1793 to June 1: 1794
118,000

5,950,000
Effected under the present Government.

on 2,050,000

Four and a half per Cent: Loan effected at Antwerp.of a loan of 3,000,000 ⅌ contract dated november 30. 1791, from december 1: 1793 to december 1: 1794—of this loan 950,000 have been suppressed.
92,250

2,050,000
Effected under the present Government.

28,500,000

1,335,250

@ 40 cents
534,100

Commission on payment of interest at one ⅌. Cent
13,352
10

do
5,341

Amount exclusive of postage, expenses for advertising &c Guilders
1,348,602
10

or Dollars
539,441

Statement of Loans Effected at Amsterdam and Antwerp for Account of the United States; Remaining Unpaid on December 31: 1794

Guilders.
Guilders.

 Amount received Guilders
 Amount of loans at the same interest Guilders

 Five ⅌ Cent: Loans effected at Amsterdam.

3,000,000

of the loan of 5,000,000 ⅌ contracts of june 11: 1782 at interest from june 1: 1794
3,000,000

1,000,000

⅌ Contract of june 1: 1787 at interest from june 1: 1794
1,000,000

1,000,000

⅌ Contract of march 13: 1788 at interest from june 1: 1794
1,000,000

5,000,000
 Effected under the late Government.

3,000,000

⅌ Contract of february 1: 1790 at interest from february 1: 1794
3,000,000

2,500,000

⅌ Contract of march 2: 1791 at interest from march 1: 1794
2,500,000

6,000,000

⅌ Contract of december 14: 1791 at interest from septr: 1: 1794
6,000,000

1,000,000

being a reloan of the first instalment due on june 1: 1793 on the loan of f 5,000,000 ⅌ contracts of june 11: 1782; at interest from june 1: 1794
1,000,000

3,000,000

⅌ Contract of April 10: 1794 at interest from january 1: 1794
3,000,000

15,500,000
 Effected under the present Government.

Amount of Five ⅌ Cent: Loans

20,500,000

 Four ⅌ Cent: Loans effected at Amsterdam.

2,000,000

⅌ Contract of march 9: 1784, at interest from february 1: 1794 2,000,000

to which add premiums, and gratifications which will be payable on said loan 467,500
2,467,500

2,000,000
 Effected under the late Government.

3,000,0002,950,000

⅌ Contract of december 24: 1791, at interest from january 1: 1794 of a loan of 3,000,000 ⅌ contract of august 9: 1792, at interest from june 1: 1794
3,000,0002,950,000

5,950,000
 Effected under the present Government.

Amount of four ⅌ Cent: Loans including premiums and gratifications to amount of 467,500, upon which no interest will be payable if the premiums shall be discharged within six months after having been drawn

8,417,500

 Four and a half ⅌ Cent: Loan effected at Antwerp.

2,050,000

 of a loan of 3,000,000 ⅌ contract dated november 30: 1791, at interest from december 1: 1794. Of this loan f 950,000 have been supressed
2,050,000

2,050,000
 Effected under the present Government.

Amount of four and a half ⅌ Cent: Loan

2,050,000

Guilders
30,500,000
 Amount at Interest. Amount to be paid
Guilders
30,967,500

Comptroller’s office January 6: 1795.Oliv Wolcott j. Comptr.


Title: Enclosure D: [Statement of One Year’s Interest on the Foreign Loans], January 1795
From: Hamilton, Alexander
To:

Dollars
Cents

20,500,000
Guilders, amount of Five ⅌ Cent: Loans effected at Amsterdam  Guilders
1,025,000

2,050,000
Guilders, amount of Four and a half ⅌ Cent. Loan effected at Antwerp
92,250

7,950,000
Guilders, amount of Four ⅌ Cent: Loans effected at Amsterdam
318,000

30,500,000
Amount at Interest,

467,500
Guilders, amount of premiums and gratifications to be paid on a loan of Two millions of Guilders.

30,967,500
Guilders, amount to be paid for Loans effected at Amsterdam & Antwerp.

Amount of one years Interest on the Dutch & Antwerp Loans Guilders
1435,250

which at 40 cents ⅌ Guilder, is

574,100

Livres  S.d. 12,188,040.12.2
balance due to the French Government, @ 4.706 ⅌ Cent: ⅌ annum, being an average of interest payable on the French Loans when obtained Livs
573,569.3.9.

List which @ 18 15/100 cents ⅌ Livre is

104,102
80

Amount of one year’s Interest on the Foreign Loans as due on the 31: of december 1794

Dollars

678,102
80

Statement of Interest Payable on the Domestic Debt.

Dollars
Cents.

1st.
Interest payable by the existing Contract on the debt as it stood on the last day of december 1794.

On Six per Cent Stock

Dollars
29,046,730.62

On the original Capital of the debt to Foreign Officers

186,988.23
29,233.718.85 @ 6 ⅌ Ct.
1,754,023.13

On three ⅌ Cent: Stock 19,484,840.68

19,484,840.68

On the Interest of the Capital due to Foreign Officers, to december 31: 1790

22438.58
19,507.279.26 @ 3 ⅌ Ct.
585,249.37

On the Unfunded debt, ⅌ Statement

1,184,323.40

from which deduct Indents of Interest which bear no Interest

83,805

Unfunded Debt bearing Interest

1,100,51840 @ 6 ⅌ Ct.
66,031.10

Total of Interest payable annually by the Contract existing at the close of the year 1794
2,405,272
60

2nd.
Interest payable after the year 1800, on the principles of the Contract existing at the end of 1794.

On the deferred stock existing at the end of 1794, being

14,523,365.45 @ 6 ⅌ Ct.
871,401.92

On the Six ⅌ Cent: Stock as stated above

29,233,718.85 @ 6 ⅌ Ct.
1,754,023.13

On the three ⅌ Cent: Stock ditto

19,507,279.26 @ 3 ⅌ Ct.
585,218.37

On the Unfunded debt  ditto

1,100,518.40 @6 ⅌ Ct.
66,031.10

Total of Interest which would be payable after the year 1800 on the whole domestic debt, on the principles of the existing contract at the end of 1794
3,276,674
52

3rd.
Interest which would be payable if the whole Domestic Debt was subscribed to the Loan.

On six ⅌ Cent: Stock

29,967,397.80 @6 ⅌ Ct.
1,798,043.86

On Three ⅌ Cent: Stock

19,967,936. @ 3 ⅌ Ct.
599,038.08

Annual Interest ’till the close of the year 1800
2,397.081
94

Interest on Deferred Debt which becomes six ⅌ Cent: Stock after the year 1800
14,890,204.90 @ 6 ⅌ Ct.

893,412
29

Total Interest which would be payable annually after the year 1800, if the whole debt was subscribed
Dollars
3,290,494
23

Alexander HamiltonSecy of the Treasy


Title: Enclosure E: View of Sinking Fund According to Plan Proposed, January 1795
From: Hamilton, Alexander
To:

Present annual amount of Sinking Fund supposing the investment of the residue of the surplus of Revenue to the end of 1790 & of the arrears of interest on the debt to foreign Officers in the purchase of six ⅌ Cent Stock at par and exonerating the fund from the charge to which it is subject by the last Section of the Act making provision for the Reduction of the Public Debt Vizt

Interest for a year on Stock actually purchased and redeemed to the last of december 1794 & carried to the Credit of the fund
68,225.55

Interest for a year on the principal & arrears of Interest to the end of 1790, on the Debt to Foreign Officers
11,892.44

Interest for a year on subsequent arrears of Interest not included in the above
1,547.05.

Interest for a year on 411,659 Dollars & 49 Cents being the unexpended Balance of surplus to the end of 1790
 24,699.56

106,364.60.

Interest for a year on the Loan Office Certificates bearing interest on the nominal principal which (those certificates being paid off as proposed) would accrue to this fund
1,911.

Add this sum to be appropriated out of the Revenue from Imports & Tonnage for the redemption of Stock bearing a present Interest of 6 ⅌ Cent according to the Vth. Proposition in the Report
408,134.64

The Amount of 2 ⅌ Cent on 25,820.512 Dollars & 20 Cents being the Amount of Stock unredeemed bearing a present Interest of 6 ⅌ Cent exclusive of State Balances Dollars
516,410.24

Dividends on Bank Stock deducting interest on such installments of the Loan of the Bank as had not accrued in the Year 1794
62,500.

Sum to be paid in addition thereto on the 1st. of January 1796. out of the Revenue from Imports & Tonnage for reimbursment of the 4th Installment of the above Loan
137,500.

Amount of Annual Installments of 2,000.000 had of the Bank of the United States pursuant to the 11 Section of the Act of Incorporation
200,000.

The Surplus of the Dividends on Bank Stock will increase each year 12,000 Dollars, the interest liberated by payment of each annual Installment of Principal and the sum to be paid out of the Revenue will annually decrease in the same ratio.

                      It will be after the first Year
                      on the 1st. of January 1797

                      on the 1st. of January 1798

                      on the 1st. of January 1799

                      on the 1st. of January 1800

                      on the 1st. of January 1801

                      on the 1st. of January 1802

125,500

113,500

101,500

89,500

77,500

65,500

The yearly average of the Sums successively payable out of the Revenue from Imports and Tonnage towards reimbursing the Two Million Loan will be
101,500

And the whole Loan being discharged on the 1st. of January 1803 the annual dividend on Bank Stock will be liberated from the future payment of Interest on the Loan and will thenceforth yield to the Sinking Fund an annuity liable to the redemption of the deferred Stock
152,500

Two ⅌ Centum of 12,478,837 Dollars & 93 Cents the Amount of unredeemed Stock which on the 1st. of January 1801 will bear Interest at 6 ⅌ Centum ⅌ Annum exclusive of State Balances, and which will be payable on the 1st. of January 1802 is
249,576.76

Yearly interest which on the first of January 1801 will begin to accrue to the sinking fund in the deferred Stock standing to its credit is 52,319.97

Further sum necessary for payment of the above 2 ⅌ Centum 197,256.78
249,576.75

This sum of 197,256 Dollars & 78 Cents will in the Year 1802. 1803 be payable out of the Revenues from Imports & Tonnage.

But the Yearly dividends on Bank Stock free from charge after the first of January 1803 being
152,500.

The Sum thenceforth payable out of the Revenues from imports and Tonnage for payment of said two ⅌ Centum will be
44,756.78

Which together with the yearly interest on deferred Stock being
52,319.97

Is equal to the Amount of Redeeming annuity of deferred Stock being Dollars
249,576.75

Hence the permanent appropriations out of the Revenue from Imports & Tonnage for the Redemption of the whole of the unredeemd funded Stock which now bears and hereafter will bear an interest of 6 ⅌ Centum ⅌ Annum exclusive of the Stock standing to the Credit of certain States pursuant to the Report of the Commissioners, is

for that bearing a present Interest
408,134.64

for that bearing a future Interest
44,756.78.

Total annual extra appropriation to sinking fund out of the Revenues exclusive of Bank dividends
452,891.42

The whole of the Stock bearing a present rate of Interest will by this fund be redeemed in some thing less than twenty three years, and the interest then set free (to wit) in the year 1818 will be
Dollars. Cts.1,631,259.72

To which add the further appropriation towards principal as above
408,134.64

2,039,394.36

This annuity applied to payments or purchases of the foreign Debt on a calculation of 5 ⅌ Ct. Interest would by the 1st. of January 1824 extinguish that debt and yield a surplus of 122,502 Dollars & 29 Cents.

  The whole of the Stock bearing a future Interest of 6 ⅌ Cent will by the fund to be applied to it as above be also redeemed in some thing less than twenty three years from the time of commencing the Redemption, that is by the year 1824 and the Interest then set free on that Stock will be
801,050.24

The sum appropriated towards the Redemption then also set free is
197,256.78

To which add the sum liberated by the redemption of the present 6 ⅌ Ct. Stock
2,039.394.36

And the Interest on 13,745,379.35 being the amount of the foreign Debt extinguished as above
638,480.58

There will therefore be an Annuity of Dollars
3,676,181.96

Thus will the whole of the foreign Debt be extinguished by the Year 1824, and the Sinking fund will then possess an annuity of Dollars
3,676.181.96

And a sum in Gross of
122,502.29

Together Dollars
3,798,684.25

Which in two years would more than pay off the whole of the Balances to Creditor States, & the whole of the unfunded debt, if not sooner discharged.
So that supposing the proceeds of the Western Lands to be sufficient by the same time to redeem the three ⅌ Cent Stock the whole of the present Debt of the United States, Foreign & Domestic, Funded & Unfunded may be redeemed by the operation of the provision proposed by the Vth. Proposition by the Year 1826.
And there would revert to the United States a yearly Revenue of Dollars 4,435,320.89 Cents.

Treasury Department 17th. January 1795
Alexander HamiltonSecy of the Treasy
Note—The calculations in this Statement would require to assure their perfect accuracy a revision; but it is certain that any errors it may contain will be too inconsiderable to affect any important result.
A H


Title: To Alexander Hamilton from William Bradford, [17 January 1795]
From: Bradford, William
To: Hamilton, Alexander

[Philadelphia, January 17, 1795. On January 28, 1795, Hamilton wrote to Tench Coxe: “I send you copy of a letter from the Attorney General of the 17 instant.” Letter not found.]


Title: To Alexander Hamilton from Tench Coxe, 18 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

(Private)
Sir,
Treasury DepartmentRevenue-office, Jany 18th 1795
The letter herein inclosed from Mr Dayton appears to require a degree of consideration from the executive Department of the Government. It was delivered to me yesterday by Collector Burr. It seems as if it had never been sealed. The date is at Philadelphia in the Session of Congress. The subject was not mentioned to me at any time to the best of my recollection and belief. Mr Burr says, the letter was delivered to some person attending the Philada. market from West Jersey wherein the kind of Waggons in question, is principally used that it was circulated without a seal thro’ several of the counties of New-Jersey among the people, that he heard of it in Burlington and Gloucester, and I think in Monmouth, before it reached him, that many copies of it were taken in the course of its circulation, that it came to his hands in its present open State several weeks, at least three, after its date.

I am, sir, with great respect   Your most Obedient Servant,

Tench CoxeCommissr. of the Revenue
The Secretary of the Treasury


Title: To Alexander Hamilton from Tench Coxe, 18 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, January 18, 1795. “It appears necessary that order should be taken upon the subject of gauging wines paying duty ad valorem. It is understood, that they are not gauged to establish the sum of duty, but it is necessary that they should be gauged to enable the inspectors of the Revenue to mark and certify the quantity. The expence of gauging and authority to incur it in the Business of the Customs are the points to be decided upon.”


Title: To Alexander Hamilton from Tench Coxe, 18 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Sir
[Philadelphia] Walnut street 18th. Jany 1795
I enclose to you some papers relative to a parcel of Goods, which have arrived at Boston under my Name & directed to me. It seems Mr. de la forest before he left directed some Articles to be shipt under cover of my Name without my Knowledge, but really for Mr. Fauchett, & himself. Mr. Delaforest wishes for an order to receive the goods at Boston free of duty alledging them to be for the Use of the French Legation. You will be pleased to take order in the Matter.
I am sir with great Respect   yr. most obedt. servant

TC   C R
The Secy of the Treasury


Title: To Alexander Hamilton from Tench Coxe, 19 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, January 19, 1795. Encloses “a draft for Six hundred Dollars Issued from the Treasury in favor of Jedidiah Huntington Esquire which he has returned as not necessary for the purposes for which it was intended.”


Title: To Alexander Hamilton from Tench Coxe, 19 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Sir,
Treasury Department,Revenue-office, January 19th 1795
A doubt has been suggested by the Supervisor of Kentucky, whether the carriage tax for the first year is exigible and collectible in that district, under the circumstances following which are extracted from his letter.
“These (the new Revenue laws) came to me as Inspector of the 7th Survey in the district of Virginia, and the necessary preliminary measures were taken on my part for carrying them into effect, by publications, advertisements and notices suitable to the several subjects. Before the time specified for taking the entries of carriages, the act of the President changed the nature of my Office, and by consequence annulled the authority of the Supervisor of Virginia within this state. And my Commisssion as Supervisor not arriving in time to recognize this subject for the present year, it is presumed that no further notice can be taken of Carriages until I receive your further directions. And indeed I do not know what might have been the event of actually putting the Law in force, as threats were thrown out that the officer who had advertised he would attend to receive the entries of Carriages, should receive a mark. And besides, that the Collectors have sometimes been obstructed in the Execution of their business by parties either avowed or disguised. Attempts have certainly been made to raise a mob to seize the papers of my office.”
The date of the Presidents Act erecting Kentucky and the Western Territory into an entire new District is the 20th day of August 1794.
The date of Thos. Marshalls commission as Supervisor is the 22d day of August 1794.
The date of the carriage law is the 5th. day of June 1794.
I raise two questions.
First—whether the tax is exigible and collectible, if the attendance directed by the 3d Section of the law, has been given by an officer under warrant of the Supervisor of Virginia.
Secondly—whether the tax is exigible and collectible if no such attendance (on a day in September) of an officer under Warrant of the Supervisor of Virginia or of Kentucky has been given.
I conceive no penalty was incurred unless an officer did attend agreeably to notice.
The Supervisor desires the Attorney Generals opinion and my own, “whether he could or can sell after the 1st day of October 1794, any Spirits distilled in his own Stills, and from his own grain and fruit.”
I am, Sir,   with great respect   Your most Obedient Servant,

Tench CoxeCommissr. of the Revenue
The Secretary of the Treasury


Title: To Alexander Hamilton from Tench Coxe, 19 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Sir,
Treasury DepartmentRevenue-office, January 19th 1795
I find from Col: Presley Nevill, that his father (Inspector Nevill) has just informed him that he is prepared to pay at sight, 6 to 7000 Dollars for Revenue received in the 4th Survey, and the further sum of 3000 Dollars at ten days sight. It will follow that any payments which the contractors may have to receive can be conveniently furnished to that amount by the Supervisors Bills.
I am,   Sir, with great respect,   Your most obedient Servant

Tench CoxeCommissr. of the Revenue
The Secretary of the Treasury


Title: To Alexander Hamilton from Timothy Pickering, 19 January 1795
From: Pickering, Timothy
To: Hamilton, Alexander

[Philadelphia, January 19, 1795. On January 19, 1795, Hamilton wrote to Pickering: “I have recd. your letter of this day.” Letter not found.]


Title: From Alexander Hamilton to Timothy Pickering, 19 January 1795
From: Hamilton, Alexander
To: Pickering, Timothy

Sir,
T D. Jany 19th 1795
I have recd. your letter of this day. The estimate of the sum requisite for the Jersey Militia greatly exceeds what I had supposed to be necessary. There are two dangers attending so considerable advances on account without adequate data to guide—One that a good deal more money may be issued from the Treasury than is necessary with the inconvenience of a difficult & perhaps dilatory after reckoning—the other that persons not intitled may be paid, or that those intitled to something may be paid more than they ought to receive.
Now the Men are disbanded it seems to me right that future advances should be made on grounds, which are as certain as the nature of the case admits.
This is my idea, however, I will, if you require it, put into the hands of the Treasurer, the sum asked for subject to your Warrant, if you inform me, that it is your wish.
With great respect I am   Sir   Yr. Obt. Servant

A Hamilton
The Secretary at War


Title: From Alexander Hamilton to Sharp Delany, 20 January 1795
From: Hamilton, Alexander
To: Delany, Sharp

Treasury Department, January 20, 1795. “I have not received from you agreeably to my request a particular Statement in writing of all the circumstances which have attending the fitting out & Sailing of Three Vessels which have been armed in this Port in whole or in part as Cruisers in the service of France. It is essential, that I receive it this Week & that it be very particular & correct. Among the circumstances expected to be noticed is the application to you for permission to send on board of her Ammunition & Military Stores.”


Title: From Alexander Hamilton to Timothy Pickering, 20 January 1795
From: Hamilton, Alexander
To: Pickering, Timothy

Sir,
Treasury Department January 20th. 1795
I have delayed placing the money required by your letter of the 8th. instant, in the Treasurers hands, upon the ground of the doubts intimated in my letter of yesterday concerning the New-Jersey troops.
I observe that the first months pay roll is likely to be a bad criterion, as the Troops were successively much diminished before they left the field. I am ready however to do what to you on further reflection may appear adviseable.
I have the honor to be   sir    your most obedt. Servt.
The Secretary at War


Title: From Alexander Hamilton to George Washington, 20 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury Departmt. Jany. 20. 1795.
An application having been made to this Department, during your late absence with the Militia Army, for an advance of money on account of the Mint Establishment; the sum of Five thousand Dollars was accordingly furnished to the Treasurer as will appear by the enclosed documents.
As all payments of this nature have been heretofore sanctioned by you, I have to request, that you will be pleas’d to signify your approbation of the said advance of Five thousand Dollars.
I have the honor to be &c.

Alexr Hamilton

P.S. It has not been made regularly from the Treasury; but by an informal advance by the Bank, which requires to be reimbursed.


Title: From Alexander Hamilton to George Washington, 20 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury DepartmentJanuary 20. 1795.
The act entitled “an act providing for the payment of certain instalments of the foreign Debts, and of the third instalment due on a Loan made of the Bank of the UStates,” passed the 8th. of this present month of January; empowers the President to cause to be paid the third installment of the 2.000.000 Loan of the Bank of the United States (which did accrue on the last of December 1794 being 200.000 Dolls.) and the instalments of the foreign debt to accrue in the present year out of the proceeds of Foreign Loans. The instalments of the foreign Debt are 1.000.000. of Florins of the Dutch debt payable the first of June; 2.500.000 livres of the French debt, payable in Septr. & November.
To effect the purpose of this act, an Instruction to The Secretary of the Treasury is requisite. The form of one is herewith submitted.
With perfect respect   I have the honor to be &c.

Alexander Hamilton


Title: To Alexander Hamilton from George Washington, [20 January 1795]
From: Washington, George
To: Hamilton, Alexander

[Philadelphia, January 20, 1795]
Pursuant to the power vested in me by the Act entitled “an act providing for the payment of certain instalments of the foreign debts, and of the third instalment due on a Loan made of the Bank of the United States” passed the 8th. of this present month of January;
You are hereby directed to make or cause to be made the several payments in and by the said act described & authorised out of the proceeds of any foreign Loans had or made prior to the passing of the said act.

Given under my hand at Philadelphiathe twentieth day of Jany. in the year 1795.
Go. Washington


Title: To Alexander Hamilton from John Hobby, 21 January 1795
From: Hobby, John
To: Hamilton, Alexander

Portland [District of Maine] January 21, 1795. Requests the “Ballance of my account rendered against the United States as Marshall for the district of Maine for the year 1794.”


Title: To Alexander Hamilton from Jacob Mark and Company, [21 January 1795]
From: Jacob Mark and Company
To: Hamilton, Alexander

Sir
[New York, January 21, 1795]
By request of Mr. Colt, we answer his queries, by informing you that we would contract for the delivery of eighty Tons refined Copper of sufficient fineness for the purpose of the Mint, & if we are informed of the size and shape in which you would have it cast, we make no doubt it may be done accordingly. The price will be thirty six cents ⅌ lb. Ten Tons deliverable at New York in the month of June next, Ten in the month of July ten in the month of august, and residue to compleat the eighty Tons to be delivered in the Months of September & October.
If more should be required for the purpose of the mint, or Coppering of Vessells we shall always be happy in having the orders of Government.
The Price Sir, at which we have offered to Contract for the above Eighty Tons you will see is very considerably less than it can be imported for and the quality of the Copper sufficiently known to need an explanation—it contains six ounces of Silver in each Ct. which tho’ not sufficient to seperate renders it more malable than any imported. It always sold for a far greater Price in England than any at that Market, but for what reasons we are not able to mention.
We will commence the Erection of Rolling & Battering works as soon as the hands and articles arrive for which we have sent to Europe; and hope to be able to furnish Copper in Sheets if required.
As Government is ever ready to assist & patronise undertakings of such evident public utility, when they consider the expence we have been at for the purpose of bringing those works thus far, they may perhaps with us conceive it proper to lend pecuniary aid (upon approved security) which is so necessary in order to facilitate such extensive undertakings & make them usefull to a Country.
The quantity of Copper which we offer to deliver will amount to upwards of 64,000 Dollars. Pray Sir, can we depend on receiving any part of this sum in advance?
We have the Honor to be with the greatest Respect   Sir   Your Obt. Servts

Jacob Mark & Co.
New York Jany 21 1795.


Title: From Alexander Hamilton to Thomas Pinckney, 21 January 1795
From: Hamilton, Alexander
To: Pinckney, Thomas

Sir
TD Jany 21st 1795
Your letter of the 21st of October by duplicates (the Original lost) has recently come to hand. I have directed the Treasurer to remit you by this opportunity Six thousand Pounds Sterling, the sum you mention to be likely to be deficient for the payment of the cost of the articles procured for the frigates. The bills have Ninety days to run, but none good at a Shorter Sight were to be procured. I presume it is only to allow the discount.
I approve intirely of what you have done and am much obliged by the trouble you have taken.
With great respect & true est.   I have the honor to be   Sir,   Your mt. Obt. & h Sert.

A H
Thomas Pinckney Esq&c &c


Title: [Report on the Amount of Goods on Which Duties of Seven and a Half and Ten Percent Were Paid in 1793], [21 January 1795]
From: Hamilton, Alexander
To:

Treasury Department, January 21st. 1795.[Communicated on January 21, 1795]
[To the Speaker of the House of Representatives]
Sir,

In consequence of the resolution of the House of Representatives of the United States, of the 16th. instant, I have the honor to transmit to you, a statement, shewing the amount of goods, on which the duties of seven and a half and ten per cent. were paid, for the whole of the year 1793, also, the quantities of coffee, cocoa and coal imported in the same year.
The accounts for the first half year of 1794, not being so perfected, as to shew the result with accuracy to that period, it is hoped, that the Statement, in its present form, will be accepted by the House, in lieu of the one required.

I have the honor to be, with great respect,   Sir, Your most obedient servant,

Alexander Hamilton.
The HonorableThe Speaker of theHouse of Representatives.


Title: Enclosure: [Abstract on the Amount of Goods Paying a Duty], [20 January 1795]
From: Nourse, Joseph
To:

Abstract of the amount of Goods paying a duty of 7½ and 10 per cent. Also the amount of duties upon Coffee, Cocoa and Coal, imported into the United States from the 1st of January 1793, to the 31st of December following.

Dollars.
Cents.

Amount of Goods paying a duty of 7½ per cent.
15,510,183
81

Ditto do. do. of 10 per cent.
4,832,117
01

Amount of duty on Coffee from 1st January to 30th June 1793
538,384
12

do. Cocoa do. do.
16,730
31

do. Coal do. do.
4,032
82

Amount of duty on Coffee from 1st July to 31st Dec. 1793
861,645
44

do. Cocoa do. do.
12,452
04

do. Coal do. do.
2,270
18

(Note.) The above duties upon Coffee and Cocoa is the gross amount: The drawbacks upon the exportation of those articles which are very considerable, cannot as yet be ascertained.

Treasury Department, Register’s-Office, January 20th, 1795.
Joseph Nourse, Register.


Title: From Alexander Hamilton to George Washington, 21 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury Department Jany. 21. 1795.
Pursuant to the 13 section of the act entitled “an act making further provision for securing & collecting the duties on foreign & domestic distilled spirits, stills, wines & teas” passed the 5 June 1794; the Commissioner of the Revenue, in consultation with me, has prepared a plan for additional compensations to the Supervisors and other officers of Inspection, & for compensations to such new officers of these descriptions as result from the Laws, and as the experience which has been had of their operation is believed to recommend; which plan thrown into the usual form of an act of the President, is now submitted to his consideration with estimates of the resulting expense, which it is not doubted will be found within the limits of the Laws.
This plan has been delayed longer than was desireable, by the necessity of previous information from the Supervisors, & by an excess of occupation on the officers of this Department, which unavoidably postpones the less to the more urgent objects of public business.
It may happen that the President after considering the Plan, may desire some further explanation. For this purpose, I will wait upon him on Monday next twelve oClock.
With perfect respect   I have the honor to be &c.

Alexr. Hamilton


Title: Enclosure C: [Estimate of the Additional Allowances for the Expenses of the Revenue], [21 January 1795]
From:
To:

Estimate of the additional allowances for the expenses of the collection of the Revenue, made in pursuance of the 13th. section of the act of the 5th. day of June 1794. and the 16th. section of the act of the 8th. day of May 1792.

I.

Salary of the Supervisor of the District of Ohio.
600.

Commissions on gross revenue from Spirits distilled in the UStates, & Stills, which will probably not exceed 1000 Dollars at 1½ ⅌ Centum
15.

Signing 1000 Certificates @ 1 Cent
10.

II.

Salary of the Supervisor of the District of Tenassee
500.

Commissions on gross revenue from Spirits distilled in the U States & from Stills; which probably will not exceed 1000 Dolls. at 1½ ⅌ Cent
15.

Signing 150 Certificates at 1 Cent
1.50

III.

Additions to the Salaries of Supervisors of

Connecticut
100.

New York
100.

North Carolina
100.

New Jersey
200.

Pennsylvania
200.

Maryland
200.

South Carolina
200.

Virginia
150.

IIII

Commissions of the Supervisors of the revenue

of Connecticut
}
By the addition, these Commissions are increased by one half pr. centum; but on a gross revenue reduced one third in amount will be not more than
{
400

of Rhode Island

of Massachusetts

V.

Salaries of the Inspectors.

Of Massachusetts for Survey No 1. to be hereafter
500.

Of Pennsylvania for Survey No. 1 to be hereafter
500.

Of the other 3 Surveys to be increased by 50 Dolls.
150.

Of Maryland 2 Surveys 50 Dols. each
100.

Of Virginia 7 “   “
350.

Of North Carolina 4.
1080.

Of South Carolina 2 Surveys
100.

Of Ohio 1 survey
450.

VI.

The Commissions of the Inspectors of the revenue of Massachusetts, to be increased by one half pr. Cent on a revenue estimated at 100.000 dollars instead of 150.000 Dollars at ½ per Cent.
250.

Of 2d. Survey of Ohio to be on Spirits distilled in the UStates & on stills, computed at 1000 Dolls. at 1 ⅌ Cent.
10.

VII.

The Collectors of the Revenue.

The addition of 20 Dollars each to 85 collectors is 1700 dollars from which deduct 60 dollars each for four salaries of Collectorships abolished in Virga.
1460.

The Salaries of a number of Collectors if necessary in the District of Ohio not more than seven, at 80 dolls. at a medium
560.

The Salaries of a number of Collectors if necessary, not more than three, in the District of Tenassee at 80 Dols. each on a medium.
240.

Addition to the Commissions on spirits distilled in the U. States from domestic materials & from Stills 200000 dols at 1 ⅌ Ct.
2000.

For marking 30 Stills in the District of Tenassee
15.

For marking 50 Do. in 2d. survey of the District of Ohio
25.

VIII.

Auxiliary Officers.

An addition of 10 dollars each for 77 auxiliary officers from which deduct the salaries of the auxiliary officers abolished in Virginia.
695.

The Salaries of a number of auxiliary officers, not less than five in the District of Ohio, which are not to exceed
150.

The Salaries of a number of auxiliary officers in the District of Tenassee, not more than three, which are not to exceed.
90.

IX

Contingent Expenses.

For the Contingent Expenses over & above the ordinary expenses of the revenue establishment, which will arise from the service in regard to retailers licences, & sales at auction &c. on 200.000 Dolls. at ½ ⅌ Cent.
   500.

Dollars.
12.016.50

Summary of Allowances by the President.

Amount of New Estimate A
5.000.

Do    of   Do      C
12.016.50

Add the amount of the former Estimate E of 25 July 1792
69.980.

Dolls.
86.996.50.

Summary of Funds for Compensation granted by the Legislature.

1st Under the Act of May 8th. 1792
70.000.

2dly. The addition under the act of June 5, 1794, which if granted by the terms of the Law, may be extended to one third of the preceding sum
23.333.⅓

3dly. Under the retailers licences & carriage Acts
5.000.

Aggregate of Funds granted
98.333⅓

Note. The objects in Estimate B. are to be set off against the surplusages of the first & second Revenue years, which appear to be adequate thereto.


Title: From Alexander Hamilton to George Washington, 21 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury Departt. Jany. 21. 1795.
In my Letter presenting a plan of additional compensations to Supervisors and other officers of Inspection &c. I omitted to mention a material circumstance in the Law, which claims the attention of the President. The section of the act which authorises further allowances, refers them to services rendered, “subsequent to the 30th. day of June next.” These are the words. The act passed the President the 5th. of June 1794. Now tho’ it is certain that the Legislature meant the 30th. of June 1794, there is a question whether the legal construction of the words of the act do not carry the term of commencement to June 1795.
The point is now under the consideration of the Attorney General, whose opinion when received, will be communicated; but in the mean time it is desirable to have the plan in a course of consideration.
I have the honor to be &c.

Alexander Hamilton


Title: To Alexander Hamilton from Tench Coxe, 22 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Sir,
T: D: R: O: January 22d 1795
It was not my view in my communication of the 8th concerning Messrs. Downings application, to desire any thing to be paid to Messrs Wheelen & Co or to them, as in relation to their business with or for Mr. Elie Williams. I had engaged Messrs. Downings to supply the Philada. & Chester Divisions of the Pennsylvania militia by a letter written to them in consequence of yours, desiring me to make such a provision. It is on account of deliveries of rations on my orders, amounting to about 320 to 400 Drs, that I had wished for a payment of 300 Drs. to them. It appeared safe & expedient to do this in the manner suggested in my letter of the 8. inst. but is no object of desire to me. That it should be paid in some mode appears necessary to the public credit, in a business with very responsible persons.
I am with great respect &c.

T. Coxe C. R.
The Secy. of the Treasury


Title: From Alexander Hamilton to Tench Coxe, [22 January 1795]
From: Hamilton, Alexander
To: Coxe, Tench

[Philadelphia, January 22, 1795]
These papers are not perfected—there are blanks not filled. The sums are not added up & the former expence is not brought forward with the additional latitude so as to shew a general result.
Mr. Hamilton requests Mr. Coxe to have them immediately completed. He will call at Mr Coxe’s office at two to confer.


Title: To Alexander Hamilton from Sharp Delany, 22 January 1795
From: Delany, Sharp
To: Hamilton, Alexander

[Philadelphia, January 22, 1795. On January 24, 1795, Hamilton wrote to Delany: “I return herewith the papers transmitted with your letter of the 22d. of January.” Letter not found.]


Title: From Alexander Hamilton to Sharp Delany, 22 January 1795
From: Hamilton, Alexander
To: Delany, Sharp

Sir
Treasury Department January 22d. 1795
It appears from the Petition of Thomas Elder, owner of the Schooner Eliza, that when you gave a permit to land the Cargo of the said Schooner, you were acquainted with the circumstance of their being a Cask of spirits on board of less capacity than ninety Gallons.
I cannot help therefore expressing my disapprobation of the transaction as being both improper & irregular.
I am with consideration   Sir   Your Most obedt. Servt.
Sharp Delany EsquireCollector of Philadelphia


Title: From Alexander Hamilton to Benjamin Lincoln, 22 January 1795
From: Hamilton, Alexander
To: Lincoln, Benjamin

Sir
Treasury Department January 22nd 1795
Inclosed I transmit to you, the Copies of three several petitions of Jacob Quincy, and John McCalpin to the Judge of the District Court of the District of Maine.
I have therefore to request that after maturely considering the facts stated in the said Petitions and the suggestion concerning your Deputy you will be pleased to inform me, whether what is alledged did happen and also what is the usage in similar cases at the Port of Boston.

I am with great consideration   Sir   Your most Obedt Servant

A Hamilton.
Benjamin Lincoln Esqr.Collector. Boston.


Title: From Alexander Hamilton to Jeremiah Olney, 22 January 1795
From: Hamilton, Alexander
To: Olney, Jeremiah

Treasury Department, January 22, 1795. Encloses “the Copy of a letter from the Attorney General to me on the Subject of the Suits brought against you by Arnold & Dexter … also … the draughts of two Assignments to be signed by yourself and immediately returned to this Office.”


Title: From Alexander Hamilton to Nathaniel Fosdick, 23 January 1795
From: Hamilton, Alexander
To: Fosdick, Nathaniel

Sir,
Treasury Department January 23d. 1795.
Inclosed I transmit to you herewith, the Copy of a Petition of William Gurish to the District Judge of the District of Maine, with a request, that you will state fully to me your ideas relative to the transaction which gave rise to the said petition, which is at present regarded as a suspicious one—

1st
Because, the probability is against the ignorance of the custom of entering, which is general in the ports of every Country.

2d
Because unless it had been made to appear that the Vessel brought money it is improbable she should have been without Cargo.

3d
Because she came to a port different from that for which she was bound and is there found empty.

I am with consideration   Sir   Your Most Obedt. Servt.
Nathaniel F. Fosdick EsquireCollector of Portland


Title: To Alexander Hamilton from Edmund Randolph, 23 January 1795
From: Randolph, Edmund
To: Hamilton, Alexander

[Philadelphia] January 23, 1795. “The Secretary of State has the honor of inclosing to the Secretary of the Treasury a Letter from Mr. Fitzsimons, requesting that the Cutter may call at Bermuda. Mr. F. will be referred to the Secretary of the Treasury for an answer.”


Title: Report on the Expediency of Erecting a Lighthouse on Watch Hill in Rhode Island, [23 January 1795]
From: Hamilton, Alexander
To: President of the Senate

[Philadelphia, January 23, 1795Communicated on January 23, 1795]
[To the President of the Senate]
The Secretary of the Treasury in obedience to the Order of the Senate of the 18th. of February 1793 Respectfully makes the following report:
The Commissioner of the Revenue being particularly charged by the arrangements of the Department with that branch of it which relates to light Houses & other similar establishments for the benefit of Navigation;
The Secretary of the Treasury committed to him the conducting of the requisite preliminary enquiries on the subject of the order of the Senate. The result is contained in a communication from that Officer of the 5th. of December last herewith transmitted, and which after due examination is conceived to be well founded.
The only reflection which occurs by way of objection to the erecting of the Beacon contemplated (the main object of which is not foreign but coasting navigation) is that it may be a precedent for extensive expence, as well for maintenance as erection, in numerous analogous cases of equal utility.
Respectfully submitted

Alexander HamiltonSecy of the Treasy


Title: To Alexander Hamilton from Joseph Whipple, 23 January 1795
From: Whipple, Joseph
To: Hamilton, Alexander

Portsmouth, New Hampshire, January 23, 1795. “I have to State to you the amount of expenditures on the fortifications of the harbour of Portsmouth … including the Blockhouse, a Store, and Furnace & Commission thereon…. There still remains to be performed work on the walls…. I have omitted to transmit my accounts with the Vouchers presuming it to be unnecessary untill the whole work shall be compleated….”


Title: To Alexander Hamilton from Tench Coxe, 24 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Sir,
Treasury DepartmentRevenue-office, Jany 24th 1795
The appointment of an Attorney of the United States for Kentucky has been anxiously desired by the Supervisor.
The determination of the question raised in one of my late letters to you—whether the River Ohio can be subjected by an Act of the President to the concurrent Jurisdiction of the Supervisors of the Virginia and Ohio Districts, as also to that of the Inspectors and Collectors of the several contiguous Surveys and Divisions of those two Districts.
I am Sir, with great respect,   Your most Obedient Servant

Tench CoxeCommissr of the Revenue
The Secretary of the Treasury


Title: From Alexander Hamilton to Sharp Delany, 24 January 1795
From: Hamilton, Alexander
To: Delany, Sharp

Sir
Treasury DepartmentJanuary 24, 1795
I return herewith the papers transmitted with your letter of the 22d. of January. I do not consider this as a compliance with the requisition of my letter of the 20th. instant—and after the personal explanation I gave you, I cannot but express my surprise that you have fallen so far short of my intention.
My object is to have a report from you concerning the three vessels, including the Jumeaux, which you yourself informed me had fitted out of this port as French Privateers—exhibiting historically all you know concerning them from their first entering the Port till the last account you had of them. It is expected that in this you will among other things state the survey which was made of them respectively, upon their first coming into Port, and the reports of their condition which were made to you by the Surveying Officer. I expect a more particular & complete reply by Friday Morning.
With consideration I am Sir Your obedient serv
Sharp Delaney Esqr
Collector of the Port of Philadelphia


Title: From Alexander Hamilton to George Washington, 24 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury Departt. Jany. 24. 1795.
I have the honor to send you the extract of a Letter of the 27 of December 1793 from our Commissioners in Holland, stating their having exceeded their instruction in the last Loan of 300.000 of Florins, by an allowance of 5 ⅌ Cent for charges instead of which was prescribed as a limit.
Very much disposed to confide in the representation of those Gentlemen & believing there may be policy in not restraining their zeal by too much strictness in such a case, I submit it as my opinion, that it is expedient to go as far towards a compliance with their expectation as the Laws will warrant.
This I consider as 4½ ⅌ Cent, which tho’ short of their standard, will evince the equitable & liberal dispostion of the Executive, and a part of the emolument being their own, may prove not unsatisfactory.
With perfect respect &c.

Alex. Hamilton.


Title: From Alexander Hamilton to Edmund Randolph, 25 January 1795
From: Hamilton, Alexander
To: Randolph, Edmund

Sir
Treasury DepartmentJanuary 25. 1795.
Agreeably to your request I have made inquiry concerning the copper of which an offer was some time since made for the use of the Public by the proprietors or Managers of a Mine in New Jersey.
The result appears in the inclosed papers.
On more particular examination, I found that The Director of the Mint is expressly charged with procuring Copper for its use. This discovery terminates my operations & induces me to content myself with sending you the information which has been obtained.
With great respect & esteem I am   sir

The secretary of State


Title: From Alexander Hamilton to Edmund Randolph, 25 January 1795
From: Hamilton, Alexander
To: Randolph, Edmund

Sir
Treasury DepartmentJanuary 25. 1795
It was my intention at the time of the Receipt of your Note of the 20th. of September last, transmitting a letter of the same date from Mr. Jaudenes to you (now returned) to have made you a full and particular communication of the result of my enquiry into the affair.
But the hurry of the moment, the western insurrection pressing among other objects, diverted my attention from it so effectually, that it only now recurs in consequence of a general overhauling of my official papers not finally acted upon.
I have thought, however, that even late as it is, it might be of future use, that your department should be possessed of a knowledge of the documents which authenticate the measures taken by the Government upon the application of the Spanish Minister. The copies herewith sent of sundry papers the originals of which are on the files of this Department contain the information.

I think this communication the more requisite as I have heared that the Vessel in question, notwithstanding the appearances at the time by some after management did turn out a French Privateer.
With great respect   I have the honor to be   Sir   Your obedient servt.
The Secretary of State


Title: To Alexander Hamilton from Philip Schuyler, 25 January 1795
From: Schuyler, Philip
To: Hamilton, Alexander

My Dear Sir
New York Sunday Jan: 25th 1795
Since my last there has been a full meeting of friends, In which I declared that I hoped every Gentleman who had a feeling for my reputation, would Vote for Mr King. If the adverse party should propose me, that I was determined at all events, If elected instantly to resign, and that in such an event all wished the reelection of Mr. King, that the other party I was well informed had changed their ground and then contemplated a Gentleman present in the room. The propriety of my determination was acceeded to by every person present. Mr. Jones then got up, and Observed that he believed It was he that was alluded to by me. He knew our opponents had him in contemplation, that he was determined to discountenance their views and that he would decidely vote for Mr King. The question was then put and all unanimously agreed to support Mr. King.
In the Assembly we shall certainly have 35 for Mr. King, and If one of the Albany members arrives in time then 36, and we have good grounds to hope for An Accession of two from the other side of the Question, but as 35 is a majority of three, without the Absent Albany members, two of which being dead all is safe thereby. Mr Powers will not be here hence we shall stand In Senate 12 for to 11 against. I hinted to Mr. King that I apprehended one of the 12 might be sick on the day of Election, It has been purposely observed in company where he was present That any member on our side who might be sick on that day, would risk his reputation. He acquised in the sentiment and declared If he could breath he would be present. Relying on this there will be no deception by ballot.
On the third of February there is a call of all the regents of the university, to decide on the application for a College by the Citizens of Albany and those of Schenectady. Should I not be present It would give Occasion for animadversion. I must therefore postpone my visit to you until after that day.
All sides are impatient to see the report you have made; pray do not forget to send me a copy as soon as printed.
My Love to My Eliza & the Children   Yours affectionately

P Schuyler
Hon: Alexander Hamilton Esqr


Title: From Alexander Hamilton to George Washington, 25 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir,
Treasury Department Jany. 25. 1795.
An instalment of principal of 1.000.000 of Florins of the Dutch Debt is to be paid on the first of June next. Measures are in train to remit from hence; but there is a possibility, that the events of War may interfere with the execution of the arrangement and render it desirable to be able to attempt a postponement by a new Loan.
I ask the permission of The President to give an eventual instruction to this effect.
With perfect respect,   I have the honor to be   Sir, &c.

Alexander Hamilton


Title: From Alexander Hamilton to Wilhem and Jan Willink, Nicholaas and Jacob Van Staphorst, and Nicholas Hubbard, 25 January 1795
From: Hamilton, Alexander
To: Willink, Wilhem,Willink, Jan,Staphorst, Nicholaas van,Staphorst, Jacob van,Hubbard, Nicholas

Gentlemen
Treasury DepartmentJanuy 25. 1795
I acknowlege the receipt of your letters of the first & twenty sixth of September of the last year.
Remittances from this country to Amsterdam at the present juncture and with the anticipations here of your possible situation are attended with unusual difficulty and embarrassment. After maturely considering all the modes which occurred to reflection for effecting the payments of principal & interest on the first of June next, I have concluded on the following—
To purchase 500000 Dollars of 6 ⅌ Ct. Stock to transfer them into your names and to send them to our Minister plenipotentiary in London to wait your orders, to the end that you may cause them to be disposed of as according to circumstances shall appear to you adviseable. Measures have been taken for this purpose. The numbers & particular amounts of the Certificates of Stock are noted at foot. They will be forwarded in duplicates.
You will concert with our Minister Resident in Holland the best mode of disposing of this Stock, and if the market of London be preferable you will forward there the necessary powers and direction for sale of so much as it shall be concluded to sell according to eventual circumstances.
If the Stock can be sold so as to nett par for principal and interest to the time of sale, this will be the most agreeable mode of proceeding; by par I mean 40 current guilders at Amsterdam or 4/6 sterling at London per Dollar preferring of course the sale at one place or the other, as the state of exchange may render most for the interest of the UStates if events of war do not overrule this consideration.
If this cannot be done it will be preferred, if practicable, that the installment of one million of principal should be postponed by a new loan as on a former occasion; in which case, the interest only will be to be provided for by sale of so much Stock as may be necessary.
On this, as on all other occasions, I confide in your judgment & tried zeal for the interest of the UStates.
With great consideration & esteem   I have the honor to be   Gentlemen   Your Obed ser
PS. It is possible our Minister Mr. Pinckney may have left London temporarily for Madrid. In that case his Secretary will become possessed of my Letter & directions to him & will receive your communication.
Description of the Stock mentioned in the foregoing letter—Vizt—
100 Certificates of 6 ⅌ Cent Stock No. 2911 to 3010—both numbers inclusive dated the 31st January 1795 and of five thousand dollars each—issued in the names of Wilhem & Jan Willink & Nicholaas & Jacob Van Staphorst & Hubbard, agents for the United States in Amsterdam.
Original Via Hamburgh under cover to John Parish consul of the U States.
Duplicate through the same Channel

Messr W & J. Willinks &  N & J Van Staphorst & Hubbard
}
&c


Title: From Alexander Hamilton to Oliver Wolcott, Junior, 25 January 1795
From: Hamilton, Alexander
To: Wolcott, Oliver

Sir
Treasury DepartmentJanuary 25. 1795
I have examined the points of which you delivered me a memorandum for consideration.
There is no doubt that the monies arising from foreign loans which have been invested in the purchase of Domestic Debt are to be placed to the account of the loan of 2000000 authorised to be made by the Act of the 12th of August 1790 and will exhaust pro tanto the authority thereby given.
It is equally clear that the installment authorised to be paid to the Bank by the Act of the 3d. of March 1793 is to be carried to the same account and will have the same effect.
It appears to me optional to carry the second installment which has been paid to the Bank either to the abovementioned account or to that of the 12000000 authorised to be borrowed by the Act of the 4th of August 1790. The last will in my opinion be found the most expedient. From the circumstances which attended the last foreign loan if in fact the payment of the 3d. installment must come out of that loan, as from my view of the subject it must, it will fall of course upon the act of the 12th of August 1790.
The monies which have been & shall be paid to foreign officers for principal & interest to the end of 1790 belong to the Act of the 4th of August 1790; so does the sum of 15000 Dollars granted for relief of the Inhabitants of St Domingo.
I am of opinion that the investments in purchases will most properly be considered as proceeding from the first and last loans which were made under the authority of these acts; and consequently the sum to be reserved for interest out of the product of the purchases is 5 ⅌ Cent. What further shall be reserved for principal is discretionary. From the situation of the fund I think the less the better—¼ ⅌ Cent appears to me sufficient. But I hope the fund will be exonerated from that reservation.
I think the whole interest on the Debt to foreign Officers from the time interest ceased to be payable to them ought at once to be carried to the Sinking fund. It has been already settled between us that the principal of that debt ought to constitute a 6 per Cent Stock & the arrears of interest to the end of 1790 a three ⅌ Cent Stock to the credit of the Commissioners of that Fund.
The question how far the authority of the Act of the 12 of August 1790 ought to be deemed to be exhausted will be resolved by adding to the amount of the last 3000000 loan the sums expended previous to that loan in purchases and payments which on the principles above stated are to be carried to the account of this Act. This will likewise settle how far the authority of the Act of the 4th of August has been exhausted.
With great consideration & esteem   I am Sir   Your Obed ser
The Comptroller of the Treasy


Title: From Alexander Hamilton to Meletiah Jordan, 26 January 1795
From: Hamilton, Alexander
To: Jordan, Meletiah

[Philadelphia, January 26, 1795. On February 28, 1795, Jordan wrote to Hamilton in his capacity as Secretary of the Treasury and acknowledged “the receipt of your Letter of the 26th of January 1795 respecting the omission of weekly returns of Cash from this Office for some time back.” Letter not found.]


Title: From Alexander Hamilton to George Washington, 26 January 1795
From: Hamilton, Alexander
To: Washington, George

Sir
Philadelphia January 261795
Mr. Wolcott has just informed me That the Secretary of State had called upon him, as by your direction, to confer on the subject of a person to be appointed Comptroller, in the event of his appointment as Secretary of the Treasury and intimated that you had concluded to take some Gentleman from the South—that Mr. Habersham, brother of the Collector of Savannah, was more particularly in your eye, and that if he or I had any different view of the subject, it was your wish that it might be speedily communicated as you were desirous of coming to a conclusion.
This I accordingly feel it my duty to do.
It is of the greatest importance to the proper conducting of the business of the Treasury Department, that the Comptroller should be a man of the following description, of strong sense, clear discernment, sound judgment, and of sizable industry, firmness and prompt decision of Temper—possessing a comprehensive knowlege of accounts; and, of course, good principles.
As well from the nature of the office as from the particular situation of the department, as it will stand at the moment of my resignation, it is of peculiar consequence that there should be no mistake in the selection of the proper character for Comptroller. It will be easy for the Department to run into disorder, if such a mistake should happen.
From all the light I have been able to obtain on the subject, though it results in a favourable impression of Mr. Habersham generally, yet it leaves a considerable doubt on my mind that he would be an eligible appointment as Comptroller of the Treasury. I cannot therefore add my opinion to the list of opinions which may favour it.
There is one Gentleman South, whom I have before mentioned, of whose fitness in every respect, from trial of him in different public situations, it appears to me impossible to entertain a doubt. I mean Colonel Edward Carrington. I will pledge my reputation to The President for his proving, if appointed, an excellent Comptroller, and a valuable acquisition to the Department.
I have fully reflected on the objection which from the distributive Geographical rule is supposed to lie against him and I beg leave to submit it as my opinion that it ought not to be conclusive. This rule is doubtless a good one, but if carried so far as to hazard the appointment of unqualified persons to offices of material importance to the general administration of the Government, it will become a bad one, sacrificing primary to secondary considerations.
I have offered my opinion with the less reserve, because I thought I ought to be explicit in a case not only of much moment to the public service but where the arrangements which may be made will naturally from situation, be presumed to have had the concurrence of my opinion, and where therefore my reputation is more particularly concerned.
With perfect respect   I have the honor to be Sir   Your most Obedient servant

Alexander Hamilton
The President of The UStates


Title: To Alexander Hamilton from David Campbell, 27 January 1795
From: Campbell, David
To: Hamilton, Alexander

New York, January 27, 1795. “You are this day held up as a Candidate for the Government of this State. If this measure has your Approbation I conceive myself fortunate in having at this moment in my power an opportunity of serving you…. You may with absolute Certainty believe what I have here mentioned and that if it is agreeable to you my Best Endeavours & that of some able friends will be put to their out most Stretch to serve you on this or any other occasion where they are deemed worthy of notice. Four or five words in Return to this To witt I am (or) I am not a Candidate will Suffice….”


Title: From Alexander Hamilton to Tench Coxe, 27 January 1795
From: Hamilton, Alexander
To: Coxe, Tench

Sir,
Treasury DepartmentJanuary 27th. 1795.
It is my opinion that the rule which has been adopted with regard to arrears of duty in the western survey of Pennsylvania may be extended to Kentucky.
It ought to be the subject of a confidential communication to the Supervisor—leaving him at liberty however to apply or limit the extent of the rule according to local circumstances and the past course of the business.
I am with great consideration   Sir,   Your Most Obedt. Servt.

A Hamilton
Tench Coxe EsquireCommissioner of the Revenue


Title: To Alexander Hamilton from Robert Morris, 27 January 1795
From: Morris, Robert
To: Hamilton, Alexander

The Honble Alexander Hamilton Esqre.
Dear Sir
[Philadelphia] Jany 27. 1795
You will See by the enclosed Note of Mr John Ross, the pointed terms in which he calls for my aid in accomplishing the Settlement of his Accounts with the U S. If any thing I can say to you will add Weight to his application, I beg you will consider it as said. Mr Ross certainly executed the Public Business well, his Shipments were most useful when they arrived & the Public were great Gainers by his transactions.
I am most sincerely   Yrs

RM


Title: From Alexander Hamilton to Stephen Moylan, 27 January 1795
From: Hamilton, Alexander
To: Moylan, Stephen

[Philadelphia, January 27, 1795. On January 29, 1795, Moylan wrote to Hamilton: “This sir will be an Answer to your Letter of the 27th which is Just now Come to my hands.” Letter not found.]


Title: To Alexander Hamilton from John Clark, Junior, 28 January 1795
From: Clark, John, Jr.
To: Hamilton, Alexander

York Town [Pennsylvania] January 28, 1795. “Your intended resignation of an Office that you have filled with so much honor to yourself, and the United States, has given rise to various conjectures, and much speculation; and it is not for me to enquire your reasons: but, I perceive it will occasion a general promotion in the Treasury Department, and that the Office of Post Master Genl. is yet vacant, and not much solicited for; and impressed with the idea, that I have deserved well of my Country at all times, and particularly on the late trying occasion (which has made me very obnoxious among the Rioters to the Westward, where I have practised the Law hitherto) I have applied to the President to appoint me to fill that office….”


Title: To Alexander Hamilton from Tench Coxe, 28 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

T:D: R:O: January 28 1795
Mr Coxe presents his compliments to the Secretary of the Treasury and reminds him of the Subject of the Delaware piers, in lieu of those destroyed, as a harbour, by the building of Fortifications. Also of the Superintendence of the Light House at Cape Fear. He wishes to be informed whether the contract for Segwin Light House is to be proceeded in. Also of the Presidents determination in regard to the Keepers House on Plumb Island, on which a statement was transmitted September 25th 1794.


Title: From Alexander Hamilton to Sharp Delany, 28 January 1795
From: Hamilton, Alexander
To: Delany, Sharp

Sir
Treasury Department January 28th. 1795
The best reply that I can make to your letter on the subject of the Eliza’s Cargo is, to furnish you with an Abstract of Mr. Elders statement to the Judge and a copy of your certificate subjoined thereto. These documents will go to shew, that the opinion expressed in my letter to you of the 22d. instant was not loosely founded.
I am with consideration   Sir   Your Most Obedt. Servt.
Sharp Delany EsquireCollector of Philadelphia


Title: From Alexander Hamilton to Edward Carrington, 29 January 1795
From: Hamilton, Alexander
To: Carrington, Edward

[Philadelphia, January 29, 1795. On February 7, 1795, Carrington wrote to Hamilton: “By the last mail I had the Honor to receive yours of the 29th. Ult.” Letter not found.]


Title: To Alexander Hamilton from Tench Coxe, 29 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, January 29, 1795. “Agreeably to what was done for the supply of 1794 it appears to be expedient to authorize the Supervisor of the Revenue in Kentucky to draw on Philadelphia for such sum, not exceeding four thousand dollars, as he may find necessary, in preference to drawing upon the Supervisor of Virginia….”


Title: From Alexander Hamilton to Tench Coxe, 29 January 1795
From: Hamilton, Alexander
To: Coxe, Tench

Sir
Treasury Department January 29th. 1795
I am to acknowledge the Receipt of your Letters of the 20th. of December & 24th. instant.
You will be pleased to prepare an Act to be submitted to the President for comprehending the River Ohio in the District of Ohio as far as it now borders upon it and for comprehending it in the Second Survey as proposed.
No act of the President can give concurrent jurisdiction to Officers of different Districts or different Surveys. Although the Courts of the North West & South West Territory may not be within either description, yet from the necessity of the case & the nature of Judiciary Authority you may confidently proceed on the idea, that the Courts of those Territories will take cognizance of the cases under the Laws.
I am with great consideration   Sir   Your Most Obedt. Servt
Tench Coxe EsquireCommissioner of the Revenue


Title: To Alexander Hamilton from Walter Livingston, 29 January 1795
From: Livingston, Walter
To: Hamilton, Alexander

New York, January 29, 1795. “… I was informed, that it is your intention to return to this place and resume the practice of the Law. On this supposition permit me to request you, to become my Council in several suits already commenced. Viz one against Alexr. Macomb, another against Nathl: Prime, a third against Jno R. Livingston a fourth against Ben. Seixes and generally against any dispute which may arise between Mr. Duer & myself in Closing our accounts, and also against every other person or persons….”


Title: To Alexander Hamilton from Stephen Moylan, 29 January 179[5]
From: Moylan, Stephen
To: Hamilton, Alexander

Dear sir
Loan Office [Philadelphia] Pennsylvania January 29th. 179[5]
With regret I mention it, that perhaps the Letter you will receive with this, will be the last official one I shall have occasion to write to you, I cannot let it go without paying the just tribute due to you for the ease which the systematic arrangements made for this office, has rendered the execution of its duties to me.
Accept sir the wish of a Sincere friend which is that your happiness in private life may if possible exceed your public virtues. Believe me with every sentiment of gratitude and esteem
Dear sir   Your obedient & very humble Servant

Stephen Moylan
Colonel A. Hamilton


Title: To Alexander Hamilton from Stephen Moylan, 29 January 1795
From: Moylan, Stephen
To: Hamilton, Alexander

[Philadelphia] January 29, 1795. “Since my Appointment as Agent for paying the Invalid Pensioners I have every Quarter Sent in an Account of the monies paid to them, and ballance of monies in my hands on that Account to the Treasury. These Accounts have been regularly Adjusted & is Acknowledged to me by the Comptroller up to the Qr. ending 31st December 1794 when a Ballance Remained in my hands of 1762 Dollars & 24 Cents. The monies I have since paid Amounts to 106 Dolls…. This Sir will be an Answer to your Letter of the 27th which is Just now Come to my hands.”


Title: From Alexander Hamilton to Robert Purviance, 29 January 1795
From: Hamilton, Alexander
To: Purviance, Robert

Sir,
Treasury DepartmentJanuary 29th. 1795
Your letter of the 10th. instant with its inclosures has been duly received.

I have to request that you will continue to suspend untill further orders the prosecution of Mr. Messoniers Bond provided he pays the duty on all such part, if any, as was not re-exported. The same conduct is to be observed towards others in a similar situation.
In the clause you quote the word “except” after the word “duties” has by mistake been omitted. It stands so however in the Copy on file in this office and if not in the originial forwarded to you will account for your embarrassment on the occasion.
If an extension of credit has been allowed by your Predecessor, except upon articles re-exported, it was an error which at present can only be regretted, and it is instantly to be rectified by prosecution of the Bonds of the Delinquents & refusal of future credit. Punctuality in this particular is so essential to the due course of this Department, that delay in an Officer to enforce it cannot but be considered as a Neglect admitting of no excuse and decisive in its consequence.
I am with consideration   Sir   Your Most Obedt. Servt.

Alexander Hamilton
Robert Purviance EsquireCollector of Baltimore


Title: To Alexander Hamilton from Tench Coxe, 30 January 1795
From: Coxe, Tench
To: Hamilton, Alexander

Treasury Department, Revenue Office, January 30, 1795. “I perceive, that Mr. Biscoe mentions in the extract of his letter returned to me this day, that he had enclosed his commission to the President. If the answer be sent which you desire, then the commission should go back to him.”


Title: From Alexander Hamilton to Sharp Delany, 30 January 1795
From: Hamilton, Alexander
To: Delany, Sharp

Sir
Treasury DepartmentJanuary 30th. 1795
You are unfortunate, if a wrong Statement has been made by the party confirmed by your own Certificate and by the report of the district Judge. I could only regret that an error had come to me so Sanctionned. But Coming in such a Shape it was impossible for me not to conclude as I did.
I send you a further extract from the Petition (the truth of which you have certified) which follows immediately after that first sent you. It Contains a reply to your Observation, that if a permit had gone for Doctor Elder in the common way, he would of course have received the Rum and paid the duties. It shews that Mr Boyd after the landing upon the permit seized the Cask of Spirits.
I will only add that in expressing my disapprobation of this business I did not suppose in you any ill intention else that course would not have been taken. I only meant to censure an instance of loose practice which in principal and precedent is very exceptionable.
With Consideration   I am Sir   Your Obedient Servant

A Hamilton
Sharp Delaney EsquireCollector of the CustomsPhiladelphia


Title: From Alexander Hamilton to Frederick A. C. Muhlenberg, 30 January 1795
From: Hamilton, Alexander
To: Muhlenberg, Frederick A. C.

Sir,
Treasury Department, January 30th: 1795.
I beg leave, through you, to inform the House of Representatives, that pursuant to the duty enjoined by law upon the head of this department, I have prepared a report, containing Some suggestions for the improvement and better management of the Several branches of the actual revenues of the United States, which is ready to be communicated, as the House may please to direct.
With perfect respect, I have the honor to be,   Sir, Your most obedient Servant,

Alex: Hamilton.
The HonorableThe Speaker of theHouse of Representatives.


Title: From Alexander Hamilton to George Washington, [30 January 1795]
From: Hamilton, Alexander
To: Washington, George

[Philadelphia, January 30, 1795]
Mr Hamilton respectfully informs The President that he will be obliged to keep back ’till Monday his Letter of resignation in order before he sends it to complete the signature of a number of Letters & papers which are in preparation. But it will reach the President in time to admit of a nomination on that day of a successor, if the President thinks fit.

January 30. 1795.


Title: To Alexander Hamilton from George Washington, 30 January 1795
From: Washington, George
To: Hamilton, Alexander

Philadelphia, January 30, 1795. “The eventual power which you applied for, is herewith sent. Let the day of your resignation be made perfectly convenient to yourself. There is no necessity that your successor should be named on Monday next.”


Title: To Alexander Hamilton from George Washington, [30 January 1795]
From: Washington, George
To: Hamilton, Alexander

[Philadelphia, January 30, 1795]
Presuming the legality of the propositions contained in your Letters of the 24. & 25. Instant, I consent that you give an eventual instruction to our Minister at the Hague to postpone the instalment of a Million of Florins, to become due on the first of June next on account of the Dutch Debt; and I also consent, that you cause to be allowed for charges, upon the last Loan of 3,000.000 of florins obtained at Amsterdam, four and an half per Cent.

Philada. 30 Jany 1795.
Go. W_____n.


Title: From Alexander Hamilton to the President and Directors of the Bank of the United States, 31 January 1795
From: Hamilton, Alexander
To: President and Directors of the Bank of the United States

Gentlemen
Treasury DepartmentJany. 31st. 1795
Being arrived at the day some time since fixed for my resignation, I cannot forbear, among the last acts of my administration, to repeat to the President and Directors of the Bank of the United States the very deep sense I entertain of that prompt, decided, and uniform, Support which they have given to my Administration, and to the Public service connected with the Department under my direction; The manner as well as the matters of that Support, will always do honor to the moderation, and public Spirit of the Institution, And the time will come, when it will be matter of wonder that there ever was a question about its excellence or essentiallity. There is ho[w]ever one point, which has been frequently matter of informal Communication with members of your Board, which I confess presses itself upon my conviction as so material to the attainment of the full extent of the advantages which the Bank of the United States is calculated to afford, that I cannot forbear in this manner to bring it once more into view. It is the Establishment of an Office of Discount & Deposit in Virginia, at Richmond or Norfolk. There are Some very cogent considerations for it which I will not enumerate. I will content myself with Saying, that it will in my Judgment contribute very materially to that Interest of the Bank as an organ for extending its Circulation and giving it Stability in a very large Scene where it is now in too great a degree transitory and that it will thereby facilitate not a little the collection of the public Revenues; I concieve that the influence of this arrangement will be felt in North Carolina as well as Virginia, and that until it is adopted there is an important Link wanting in the Chain of Bank Circulation.
I am aware that there are impediments to the completion of the measure which ought first to be removed. But I think that it will facilitate their removal and be otherwise productive of good effects if the Directors would come to a resolution to establish the Office (but without designating the particular place in Virginia) on condition that a law be passed to remove the obstacles. The one which regards the rate of Interest appears to me a serious one; The other which regards lands not being liable to execution for debt has less weight in my mind. The operations of the Bank must essentially depend on mercantile credit which has little reference to landed Property.
Give me leave Gentlemen before I conclude to recommend to your confidence and Support my Successor in office. The Person contemplated by the President for that purpose and who I doubt not will be appointed will I am persuaded merit by his conduct the one and the other.
With great respect & true Esteem I have the honor to be   Gentlemen your obt. Sert

Alexander Hamilton Secy Treas
The President & Directorsof the Bank United states


Title: From Alexander Hamilton to Tench Coxe, 31 January 1795
From: Hamilton, Alexander
To: Coxe, Tench

[Philadelphia, January 31, 1795. On February 9, 1795, Coxe wrote to Oliver Wolcott, Jr.: “A letter of the 31st. Ultimo from the late Secretary of the Treasury having confirmed the opinion that there does not exist authority to defray the expence of gauging wines by the Collectors of the Customs on Importation, if they are liable to duty ad valorem.” Letter not found.]