From Alexander Hamilton to Jonathan Burrall, 14 December 1792

To Jonathan Burrall1

Treasury Department Decr 14th 1792

Sir

I request you to invest the sum of fifty thousand Dollars in the funded debt of the united states, bearing a present interest of six per [c]entum; provided it can be obtained at 20 shillings in the pound, with an additional allowance of the Interest that shall be due upon the stock to the time of purchase.

The transfer of the stock which you may purchase must be made to the President of the Senate, the chief Justice, the Secretary of State, the Secretary of the Treasury, and the Attorney General for the time being.

Enclosed is a letter to the President and Directors of the Office of discount & deposit,2 requesting them to pay to you the above mentioned sum, of which you will however only avail yourself in proportion to the actual purchase you shall make.

I am Sir Your Obedt Servt

Alex Hamilton

Jonathan Burrall Esqr
Cashier of the office of
discount & deposit
N York.

LS, The Andre deCoppet Collection, Princeton University Library.

1. For background to this letter, see “Meeting of the Commissioners of the Sinking Fund,” December 14, 1792.

2. See H to the President and Directors of the New York Office of Discount and Deposit of the Bank of the United States, December 14, 1792.

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Source Project: Hamilton Papers
Title: From Alexander Hamilton to Jonathan Burrall, 14 December 1792
Author: Hamilton, Alexander
Recipient: Burrall, Jonathan
Date: 14 December 1792

Reference

Cite as: “From Alexander Hamilton to Jonathan Burrall, 14 December 1792,” Founders Online, National Archives, https://founders.archives.gov/documents/Hamilton/01-13-02-0151. [Original source: The Papers of Alexander Hamilton, vol. 13, November 1792 – February 1793, ed. Harold C. Syrett. New York: Columbia University Press, 1967, p. 320.]

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