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    • Hamilton, Alexander
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    • Wolcott, Oliver, Jr.

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Documents filtered by: Author="Hamilton, Alexander" AND Recipient="Wolcott, Oliver, Jr."
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The post of today brought me a letter from you. From some recent information which I have obtained here, I have scarcely a doubt that the plan of the French is—1 to take all enemy property in our Ships contrary to the Treaty between the two Countries 2 to seize and carry in all our vessels laden with provisions for any English Port. Among this all that they choose to think enemy property will...
It appears to me material under our present prospects to complete the three frigates without delay. They may be useful with reference to the Algerines—they may be useful to convoy our vessels out of the reach of pickeroon privateers hovering on our Coast. I know you want money but could not the Merchants by secret movements be put in motion to make you a loan. I think something of this kind...
I learn from a Gentleman of character that a prize brought into Boston by a French Privateer is about to be sold. This being in direct breach of our Treaty with G Britain how does it happen? Though no particular law passed, the Treaty being the law of the land, Our custom houses can & ought to prevent the entry & sale of prizes, upon Executive instruction. If any thing is wanting to this end...
I have had some conversation with some influential Members of the Bank of New York who are disposed to do all that shall be found possible. But I wish to know without exaggeration the least sum that will be a material relief to you & when & how the payments will be desired. Yrs. ALS , Connecticut Historical Society, Hartford. For an explanation of the contents of this letter, see H to Wolcott,...
I have just received your letter of the 6th. The idea of selling Bank Stock is the worst of all & can only be urged on a plan of private speculation. Acquiescence may tempt the Bank to oppress hereafter for speculation purposes. I have talked to some Directors of the Bank of New York conformably to your first suggestion, respecting the deposit of Stock & it will not be expedient to change...
The application for a loan from the Bank of New York though powerfully supported by some of the leading directors labours; owing to the jealousy & narrowness of certain ones who see in it a plan to increase the active capital of the Branch Bank & put them in its power. Unluckily the President suddenly went off to R Island with his wife & some sick Children. I pursue the affair & I hope still...
I have not lost sight of the negotiation with the Bank though it labours & I have thought it best to let it lie bye till the President returns. Mc.Cormick 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...
I had written you a short line previous to the Receipt of your letter of the 26th to which indeed I can add nothing material. It will, as things stand, be imprudent to push the point of a further loan till the President arrives —for though a majority of the Directors are well disposed to the thing, they are afraid of McCormick’s clamours and want the sanction of the President to controul &...
I have received your letter of the 1st. I deplore the picture it gives and henceforth wish to forget there is a Bank or a Treasury in the U States, though I shall not forget my regard to individuals. I do not see one argument in any possible shape of the thing for the sale of Bank Stock or against that of the other stock, which does not apply vice versa & I shall consider it as one of the most...
The Bank of New York is willing to make the loan of 324 000 Dollars to you (I mean the exact sum of about this amount, if you desire it, which one of the laws you mentioned authorises to borrow) on these terms to advance all but two hundred thousand Dollars when you please—to advance the two hundred thousand Dollars, by way of reloan, when that sum, payable in October, becomes due. The term of...