Cabinet Opinion on the Proposal of William Stephens Smith
[Philadelphia] March 2nd 1793
The President communicated to the Secretary of State, the Secretary of the Treasury, the Secretary of War and the Attorney General of the United States, a letter from William S. Smith Esqr. of the 28th of February past, to the Secretary of the Treasury, with sundry Papers—No. I. II. Ill & IV. relating to a negotiation for changing the form of the debt to France; and required their opinion what answer should be returned to the Application.1
The opinion unanimously is, that the Secretary of the Treasury shall inform Mr Smith that the Government of the United States have made & engaged payments to France to the extent which is at present consistent with their arrangements;2 and do not judge it adviseable to take any measures on the subject of his Application.
DS, in Tobias Lear’s writing, DLC:GW.
1. Smith’s letter to Hamilton of 28 Feb. 1793 and its enclosures have not been identified. GW returned them to Hamilton on 3 Mar. (JPP, description begins Dorothy Twohig, ed. The Journal of the Proceedings of the President, 1793–1797. Charlottesville, Va., 1981. description ends 80). On Smith’s proposal, see Hamilton to GW, 1 Mar., n.1.
2. No letter from Hamilton to Smith informing him of the 25 Feb. cabinet opinion on the U.S. debt to France has been identified.