Alexander Hamilton Papers

From Alexander Hamilton to Oliver Wolcott, Junior, [15 July 1796]

To Oliver Wolcott, Junior1

[New York, July 15, 1796]

Dr. Sir

The application for a loan from the Bank of New York2 though powerfully supported by some of the leading directors labours; owing to the jealousy & narrowness of certain ones who see in it a plan to increase the active capital of the Branch Bank & put them in its power. Unluckily the President3 suddenly went off to R Island with his wife & some sick Children. I pursue the affair & I hope still to accomplish it.

There will be no difficulty in obtaining a postponement of the existing loan.4 But this I tell them will not be sufficient.



Oliver Wolcott Jun. Esq

ALS, Connecticut Historical Society, Hartford.

1For an explanation of the contents of this letter, see H to Wolcott, May 30, July 7, 8, 1796; H to George Washington, June 1, 1796; Wolcott to H, June 28, 1796.

3Gulian Verplanck.

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