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    • Hamilton, Alexander
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    • Commissioners of Loans
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    • Washington Presidency

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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...
By the 18th Section of the Act, making provision for the debt of the United States, it is declared that the payment of interest, whether to States or to Individuals, in respect to the debt of any State which may have exchanged its own securities for those of the United States, shall be suspended until a reexchange shall have taken place or a surrender be made of the last mentioned securities....
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...
Having been informed by the Secretary of War that there will be an additional number of Pensioners placed on the Pension list of the several states and as it is probable that you will receive some instructions from General Knox on the subject of those residing in your state—I have to request that you will as in the other cases discharge all such additional pensions out of the funds heretofore...
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...
It is deemed conducive to the general order of the department that the respective Commissioners of loans should henceforth transmit to the Comptroller of the Treasury all such official statements returns and documents respecting the public debt as they have been or shall be directed to furnish, except the summary of the amount of each kind of stock standing upon their books which has been...
The Comptroller of the Treasury being absent, I have found it necessary to avoid an interruption of the public business, to direct Mr Henry Kuhl his principal Clerk to countersign the warrants of transfer until his return; you will therefore regard his signature (a specimen of which is here enclosed) as authentic and enter the warrants thus countersigned on your Books as in the other case. The...
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...
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...
You will by the post immediately succeeding the closing of your books, preparatorily to the payment of interest, in each quarter, transmit to the Treasury a summary of the amount of each kind of stock then standing on your books, in order to the requisite provisions for making such payment. I am, Sir,   Your obedt. servant LS , to James Tilton, Delaware Historical Society, Wilmington.
It has been represented to me by the officers of this department, that some of the Commissioners of Loans, who have received on loan certificates of the Register of the Treasury, have issued new loan certificates therefor, without a previous transmission of them to the Treasury for examination. You will find by a recurrence to the circular letter of the 16th September, that it is therein...
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...
[ Philadelphia, March 18, 1791. On March 30, 1791, Nathaniel Appleton wrote to Hamilton : “I am this Evening favourd with your Circular Letters of 17th and 18 instant.” Circular of March 18 not found. ]
The Comptroller of the Treasury being prevented by sickness from executing the duties of his Office I have found it necessary to instruct Mr. Joseph Hardy his first Clerk, to sign all such papers as are requisite to transfer Stock from one Loan Office to another, and to and from the Books of the Treasury. You will therefore proceed upon warrants signed by me and counter signed by him, as if...
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...
[ Philadelphia, January 11, 1791. On January 26, 1791, Nathaniel Appleton wrote to Hamilton : “Your circular favour of 11 instant is recd.” Circular not found. ]
I have directed the Treasurer of the United States to forward to you drafts payable to you or your order for the Sum of fifty thousand Dollars. These Drafts will be transmitted to you with blanks for the Direction of each as the case may require, and may be filled up either with the name of Tench Francis Esquire, Cashier of the Bank of North America, or with that of William Seton Esquire,...
It has been stated to me that bills of the old emissions, expressed to have been issued in pursuance of an Act of Congress of 2d. July 1777, have been presented to the loan officers. As no such resolution of Congress appears on their Journals all bills of that description must be rejected by you as counterfeits. I am, Sir,   Your obedt. servant LS , to Nathaniel Appleton, from a private...
The Comptroller of the Treasury being in an ill state of health—I have found it necessary to avoid an interruption of business to direct Henry Kuhl his principal Clerk to countersign the warrants which may be issued during the Comptroller’s illness for transfering stock to the Books of your office. You will therefore regard his signature (a specimen of which is inclosed) as sufficient to...
I have directed the Treasurer to remit you drafts for Sixty five thousand Dollars towards payment of the quarters interest ending the last of September next. These Drafts are with blanks for the direction as heretofore, and may be filled with the name either of the Cashier of the Bank of Massachusetts or of New York or of North America or with the name of the Collector of Boston. One half of...
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...
[ 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. ]
[ Philadelphia, May 2, 1791. On May 15, 1791, Nathaniel Appleton wrote to Hamilton : “I am favoured with your circular Letter 2d. instant. Circular not found. ]
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...
[ Philadelphia, April 16, 1791. On April 27, 1791, Nathaniel Appleton wrote to Hamilton : “I am this minute favoured with your Circular Letter 16th instant.” Circular not found. ]