To Oliver Wolcott, Junior
[New York, July 28, 1796]
I have not lost sight of the negotiation with the Bank1 though it labours & I have thought it best to let it lie bye till the President2 returns. Mc.Cormick3 is violent against it & plays on little jealousies, & what is still more efficacious private interests; representing the consequent inability of the Bank to accommodate the Merchants, many of whom from the unfortunate issue of some late speculations are likely to want much aid.
Ol Wolcott Esq
ALS, Connecticut Historical Society, Hartford.
2. Gulian Verplanck.
3. Daniel McCormick, a New York City merchant, was a director of the Bank of New York.