Alexander Hamilton Papers

To Alexander Hamilton from Benjamin Lincoln, 27 April 1791

From Benjamin Lincoln

Boston Apl 27 1791


By the last post I was honoured by the receipt of your favours of the 8th. & 11th instant.

I have the pleasure to forward my account of the purchases I made of the public debt. You will find that a very high price was given for it though less than was the current price in Boston a few days before my return to it. The first offers I had were 6 per Cent Stock 19/6. I rejected all untill they fix at 18/9 Six per Cent & 9/9 3 per Cent & defered Stock, I could not delay longer in obedience to my instructions for these Sums appeared to be the general market price by which I was to regulate my self. I will in obedience to your wishes fund all I can with Mr Appleton.1 There are some Loan office Certificates in my hands from different States. Shall I forward them to be funded in those states where they were issued without loss of time.

There is a ballance against me of One Hundred fifty four dollars & sixty eight Cents arising from interest received. How shall I discharge the Ballance by a purchase equal to that sum or by the cash?

Secy Hamilton

LC, Massachusetts Historical Society, Boston; LC, RG 36, Collector of Customs at Boston, National Archives; two copies, RG 56, Letters from the Collector at Boston, National Archives.

1Nathaniel Appleton, commissioner of loans for Massachusetts.

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