From Alexander Hamilton to Nathaniel Appleton, 28 April 1791
To Nathaniel Appleton
Treasury Department
28 April 1791
Sir,
The bills of the old emmissions enclosed in your letter of the 22d December1 are now returned to you. Those which you have crossed are found to be counterfeit. That which remains unerassed is a true bill.
It will derange the established plan of operations to draw a warrant on you for your Salary & expenditures. It will be best that you appoint, as heretofore, an agent to receive your Salary at the Treasury. You have been directed by my letter of the 16th instant2 to deposit any money which remains in your hands in the Massachusetts Bank.
I am, sir, Your Obedt. Servant
Alexander Hamilton
Nathanl Appleton Esqr.
LS, Montague Collection, MS Division, New York Public Library.
1. Letter not found. For background of the place of “old emissions” in the Continental debt and Federal funding plan, see Appleton to H, February 5, 1791, note 1.
2. Circular not found. This was a Treasury Department circular to the commissioners of loans. See Appleton to H, April 27, 1791.