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The President of the United States having been pleased to appoint you to the Office of Commissioner of loans in virtue of the Act making provision for the debt of the United States, I transmit your Commission and a copy of the law under which you are to act. On the receipt of this letter you will proceed to qualify yourself for the duty, by taking the oath required, before one of the Judges of...
[ New York, September 16, 1790. On September 23, 1790, Nathaniel Appleton wrote to Hamilton : “I recd. your circular Letter of 16th Inst.” Circular not found. ]
I have already transmitted a Copy of an act of Congress passed on the fourth day of August 1790, making provision for the debt of the United States, & I now transmit such forms as have been devised for the government of your conduct as Commissioner of Loans in the State of ——. On the opening of your Office, two books will be provided by you for the purpose of receiving subscriptions, agreably...
The alteration of one of the proposed instructions for conducting your Office rendered an addition of a Column for Certificates of the Register of the Treasury necessary in the form M. It was however overlooked. You will therefore determine whether either of the two Columns for Certificates issued by State Commissioners intended for those States wherein there have been two is unnecessary in...
It is necessary to inform you that the late Loan Officers Certificates for Interest due on the public Debt are to be received only at the New Loan Office for the State wherein such Interest Certificates were issued. The Certificates contemplated, are those given in lieu of the Indents or facilities signed by M. Hillegas Josh. Hardy or Henry Kuhl. As there will probably be presented to you...
I find there are some certificates for interest issued in lieu of “ Indents of Interest ” in the State of Georgia, which express that they are for as many Dollars (as by recurrence to the records of the principal Certificates) would have been the Interest, if those certificates had been for specie, although they are liable to liquidation, at various rates according to their dates. I think it...
I find from a letter from one of the Commissioner of Loans that it is conceived, certificates of the state debts cannot be subscribed to the new Loan, unless they express that they are issued for services or supplies toward the prosecution of the late war. By this construction all certificates containing a simple acknowlegment of debt to a certain amount, and all certificates for monies loaned...
Doubts have arisen in one of the Loan Offices whether the Certificates to be issued for sums subscribed to the new Loan should be signed by the Commissioner. This being necessary, I am to request that if any have gone from your Office without your name, you will apply for them to the holders and add your signature. An opinion has been communicated to me by one of the Loan Officers that...
Several applications have been made by subscribers and transferrees of the new loan for more than one certificate for the sum belonging to them respectively. I am of opinion on further reflection that it will greatly promote the convenience of the Stockholders and so far favorably affect the public debt; and therefore authorize you to accommodate all those who define it, with certificates of...
A danger to the United States has been suggested from the Certificates for transfer from the Treasury to the several Loan Offices and from one Loan Office to another or to the Treasury. It is observed that the writing, which is expressive of the rate of Interest , and that which is expressive of the time when interest will accrue are capable of being taken out as in the case of Pierces Notes...