1From Alexander Hamilton to Theodore Sedgwick, 25 February 1794 (Hamilton Papers)
The following are answers to the questions stated in your Letter of the 22d instant, viz. Answer to question the first. All moneys collected on account of the United States, and deposited in the Banks to the credit of the Treasurer, are considered as in the Treasury from the time of the deposite. The steady course with regard to the standing revenue is, that the money deposited in Bank passes...