To William Seton
May 10th 1792.
I received your letter of the 7th instant, covering an account of Stock purchased by you for the United States.1
I observe that you have exceeded the sum which was limitted by me to the amount of one thousand and ninety eight Dollars, eighty nine Cents. But so small a difference is not very material, and I am willing that the whole should remain on account of the United States.
In order to a winding up of the business, I have now to request that you will as soon as it can conveniently be done, cause all the stock to be transferred in the names of the Trustees2 as heretofore, and, that you will then procure from the Commissioner,3 and forward to me, the necessary certificates, for transferring the Stock from the Books of the Commissioner to those of the Treasury.
You will please to accept of my best acknowledgment for this additional mark of your zeal for the public service, and believe me to be,
With very great consideration & regard4 Dear Sir Your obedt Servant
Willm Seton Esqr
Cashier of the Bank of New York
LS, Bank of New York, New York City; copy, in the handwriting of Seton, Hamilton Papers, Library of Congress.
1. Letter not found, but see H to Seton, March 26, April 4; Seton to H, April 16, 1792. Presumably this letter covered the account, dated May 5, 1792, in the amount of $141,098.89 for purchases of Government stock made by Seton between April 2 and April 17, 1792 (copy, RG 217, Miscellaneous Treasury Accounts, 1790–1894, Account No. 2617, National Archives).
2. The trustees of the sinking fund.
3. John Cochran, commissioner of loans for New York.
4. The words “& regard” are in the handwriting of H.