From Alexander Hamilton
Treasury Department Jany 25. 1795.
An instalment of principal of 1,000000 of Florins of the Dutch Debt is to be paid on the first of June next. Measures are in train to remit from hence;1 but there is a possibility, that the events of War may interfere with the execution of the arrangement and render it desirable to be able to attempt a postponement by a new Loan.2
I ask the permission of The President to give an eventual instruction to this effect. With perfect respect, I have the honor to be Sir, &c.
1. For the plan to pay this installment by sending $500,000 of 6 percent stock to the U.S. minister at London for the use of the Dutch bankers serving as agents for the United States, see Hamilton’s letter to Willink, Van Staphorst, and Hubbard of this date (Hamilton Papers description begins Harold C. Syrett et al., eds. The Papers of Alexander Hamilton. 27 vols. New York, 1961–87. description ends , 18:188–190).
2. Hamilton was referring to the French invasion of the Netherlands.