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Documents filtered by: Author="Hamilton, Alexander" AND Recipient="Seton, William" AND Period="Washington Presidency" AND Project="Hamilton Papers"
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Philadelphia, June 30, 1794. Asks “whether domestic or foreign sail Cloth shall be used for our frigates.” Copy, Connecticut Historical Society, Hartford. This letter is essentially the same as H to Benjamin Lincoln, June 28, 1794 .
I have directed the Treasurer to remit you drafts on the Office of Discount & Deposit at New York for 3618 Dollars & 6 Cents being the amount of the two accounts inclosed in your letter of the 27th of May. But I leave it with you to settle the rate of Exchange with Messrs. Franklin Robinson & Co. according to what you deem the mercantile usage in such cases and I shall be satisfied with...
I take it for granted that mine of the 28 or 29th of which I did not keep a copy will have led you to conclude an arrangement for the vessel preferred by Mr Jay. Lest that letter should by any accident have miscarried (as you appear not to have received it on the 30th when the post came away) I repeat what it contained—It authorised you, according to Mr Jay’s choice, to agree for the vessel;...
[ Philadelphia, April 28–29, 1794. On May 2, 1794, Hamilton wrote to Seton and referred to “mine of the 28th or 29th of which I did not keep a copy.” Letter not found. ]
A Vessell is wanted to convey Mr Jay to Great Britain. It is a question whether on acct of our Situation with the Algerines it may not be adviseable to procure a foreign Vessell. Particular reasons induce me to trouble you on this subject and to ask you to have a careful inquiry made what Vessells there are in the Port of New York of any Nation and which are at liberty to be obtainable for...
I thank you much for your friendly & expeditious attention to my late requests. All the papers you have sent will answer my ideas except the account of Amsterdam Bills. It is essential I should exhibit to the Committee the monies actually in deposit in each Bank from that source at the end of each quarter and not then passed to the account of the Treasurer. The statement sent me exhibits sums...
[ Philadelphia, March 5, 1794. On March 8, 1794, Seton wrote to Hamilton : “Late last night I received your favour of the 5th.” Letter not found. ]
[ Philadelphia, May 1, 1793. On May 3, 1793, Seton wrote to Hamilton : “I received your … Letter of the 1st.” Letter not found. ]
[ Philadelphia, April 29, 1793. On May 3, 1793, Seton wrote to Hamilton : “I did not answer your Letter of the 29th.” Letter not found. ]
[ Philadelphia, March 22, 1793. On the back of a letter which Seton wrote to Hamilton on March 5, 1793 , Hamilton wrote: “Answered the 22d.” Letter not found. ]
Enclosed is a letter to our Ambassador at the Court of Great Britain which I request you will please to forward by the November Packet as usual. I am with great consideration   Sir   Your Obedt Servt LS , The Andre deCoppet Collection, Princeton University Library. Seton was cashier of the Bank of New York. H to Thomas Pinckney, November 5, 1792 .
I will thank you to forward me, as soon as convenient, copies of all the letters you have received from me, respecting the purchase of public Debt. In the hurry of dispatching some of them, no copy was kept. And some incidents of late require, that I should carefully review the ground. I regretted to have been obliged to draw lately a portion of my intended deposits from your Bank; but I hope...
The painful cause of your short silence was easily understood and by me most sincerely sympathized in. I shall always take part in the prosperous or adverse events which attend you. I thank you for the trouble you have so kindly taken respecting my letter and for your obliging offer of writing to the Governor of the Island. I hope the measures I have already taken will answer the end. If not I...
Your letter, mentioning certain particulars respecting the two banks, has been received, and will be duly attended to. I trust, however, that certain appearances have in no degree proceeded from any unkind disposition. The solution, I believe, is to be found in the necessity of sending here a considerable sum in specie. Large payments into the Bank of North America on account of the State of...
I received your obliging letter by the Post of day and thank you for the first instance of your friendly attention, which it announces. Mr. Pollock certainly has done the utmost that Mr. Greene could have asked and as much as his situation can require, if it is remediable at all. I have directed the Collector of New York to divide his deposits between your institution & the Branch until he...
I find on examination that I have drawn out of the Bank of New York more money than I intended. It was my intention to keep there about 100 000 Dollars but I will contrive ere long to replace; and in the mean time I wish you to understand that if any ballance in favour of the Branch should at any time press you unduly I will upon notice come to your aid as far as my deposits there will permit....
[ Philadelphia, June 19, 1792. On June 25, 1792, Seton wrote to Hamilton : “I have made a long delay in answering your favours of the 12th & 19th.” Letter of June 19 not found. ]
[ Philadelphia, June 12, 1792. On June 25, 1792, Seton wrote to Hamilton : “I have made a long delay in answering your favours of the 12th. & 19th.” Letter of June 12 not found. ]
[ Philadelphia, May 30, 1792. On June 3, 1792, Seton wrote to Hamilton : “I have the honor to acknowledge the receipt of your letters of the 24th & 30th. May.” Letter of May 30 not found. ]
The Society for establishing useful manufactures, at their last meeting, resolved to borrow a sum of 5000 Dollars upon a pledge of deferred Stock. Mr. Walker is impowered to negotiate the loan and I expect application will be made to the Bank of New York for it. I have a strong wish that the Directors of that Bank may be disposed to give facilities to this institution upon terms of perfect...
[ Philadelphia, May 24, 1792. On May 28, 1792, Seton wrote to Hamilton : “I am honourd with your Letter of the 24th.” Letter not found. ]
[ Philadelphia, May 23, 1792 . On May 28, 1792, Seton wrote to Hamilton : “Your kind letter of the 23d, I did not receive till after the last post for the week was gone out.” Letter not found. ]
I received your letter of the 7th instant, covering an account of Stock purchased by you for the United States. I observe that you have exceeded the sum which was limitted by me to the amount of one thousand and ninety eight Dollars, eighty nine Cents. But so small a difference is not very material, and I am willing that the whole should remain on account of the United States. In order to a...
[ Philadelphia, May 5, 1792 . On May 28, 1792, Seton acknowledged the receipt of Hamilton’s “orders on the 5th May instant.” Letter not found. ]
[ Philadelphia, April 25, 1792 . On April 29, 1792, Seton wrote to Hamilton : “I received your official Letter of the 25th.” Letter not found .]
I have your letters of the 10th & 11th and more to my distress than surprise I learn by other letters a confirmation of what you apprehended namely Mr. Macombs failure. This misfortune has I fear a long tail to it. The inclosed you will perceive gives you additional latitude. The terms as heretofore, for six ⅌ Cents 20/ three per Cents 12/ & deferred 12/6. You must judge of the best mode &...
The post of this day brought me a letter from you. I am pained, beyond expression, at the picture you and others give me of the situation of my fellow Citizens—especially as an ignorance of the extent of the disorder renders it impossible to judge whether any adequate remedy can be applied. You may apply another 50 000 Dollars to purchases at such time as you judge it can be rendered most...
[ Philadelphia, March 30, 1792 . Letter listed in dealer’s catalogue. Letter not found .] LS , sold at Parke-Bernet Galleries, May 12, 1947, Lot 258.
I send you an Official Order for 50 000 Dollars subject to the directions in my private letter of yesterday. Yrs. sincerely You will only present the inclosed when necessary. ALS , Mr. Pierce Gaines, Fairfield, Connecticut; copy, on the writing in the writing of Seton, Hamilton Papers, Library of Congress. H to Gulian Verplanck, March 26, 1792 .
If six per Cents should sink below par, you may purchase on account of the United States at par to the extent of Fifty thousand Dollars. You will not however declare on whose account you act, because tho there is, as to a purchase on that principle, no difference of opinion among the Trustees, the thing is not formally aranged and this is Sunday. It will be very probably conjectured that you...
[Philadelphia, March 22, 1792. The dealer’s catalogue description of this letter reads: “On financial matters.” Letter not found .] ALS , sold at Parke-Bernet Galleries, February 10, 1959, Lot 69.
It is strongly represented here, that you have restricted your operations so as absolutely to afford no accommodation in the present distress of the City. Knowing the disposition of the Directors, I am persuaded, that every thing is done which is prudent. And I dare say, there is much exaggeration. This is therefore barely to observe, That as far as you may have been influenced by any...
I have received your letter of the 6th instant. The full and confidential communication you make is equally acceptable and necessary. I sincerely hope the Petitioners for a New Bank may be frustrated; but I fear more than I hope. General Schuyler will do every thing in his power against them. Every day unfolds the mischievous tendency of this mad scheme. The enemies to Banks & Credit are in a...
It appearing from documents in the Treasury, that there remain at this time a number of draughts unpaid, which were drawn by the Treasurer upon the Collector of Norfolk and others, in the months of April, May, June, July &ca last, and lodged in the Bank of New York for sale; I request that you will cause a statement to be transmitted to this office, of all the Treasurers draughts, which may...
I feel great satisfaction in knowing from yourself, that your institution rejects the idea of coalition with the new project, or rather Hydra of projects. I shall labour to give what has taken place a turn favourable to another Union; the propriety of which is as you say clearly illustrated by the present state of things. It is my wish that the Bank of New York may, by all means, continue to...
I have learnt with infinite pain the circumstance of a new Bank having started up in your City. Its effects cannot but be in every view pernicious. These extravagant sallies of speculation do injury to the Government and to the whole system of public Credit, by disgusting all sober Citizens and giving a wild air to every thing. It is impossible but that three great banks in one City must raise...
I seize the first moment of leisure to answer your letter of the 21st. Strange as it may appear to you, it is not more strange than true, that the whole affair of branches was begun, continued and ended; not only without my participation but against my judgment . When I say against my judgment, you will not understand that my opinion was given and overruled, for I never was consulted, but that...
[ Philadelphia, November 14, 1791. On November 17, 1791, Seton wrote to Hamilton : “I am honoured with your Letters of the 11th & 14th.” Letter of November 14 not found. ]
[ Philadelphia, November 11, 1791. On November 17, 1791, Seton wrote to Hamilton : “I am honoured with your Letters of the 11th & 14th.” Letter of November 11 not found. ]
The duplicate return of your last purchases has come to hand. The Commissioner of loans might have issued the requisite Certificate in order to a Transfer to the books of the Treasury, upon the strength of your original Agency; especially as the Transfer was to be in the same names. But as a different idea has struck him I have written to him the enclosed to obviate difficulty. With very great...
It is necessary to inform you that the Treasurers check or order for thirty thousand dollars of the first instant in favor of John Cochran Esq the Commissioner of loans for New York was intended to include your payment of Twenty thousand Dollars on the 1st instant, and the further sum of ten thousand Dollars. I think it proper to apprize you of this lest you may suppose that the Thirty...
I do not find among the papers of the office any return of the investment of the last fifty thousand dollars in purchases of the debt; though I have a confused recollection of having received it. I therefore request that it may be forwarded, if not yet sent, or a duplicate, if a return has already been made. I request also, that you will cause the requisite steps to be taken, for effecting a...
[ Philadelphia, September 30, 1791. Letter listed in dealer’s catalogue. Letter not found. ] ALS , sold at Parke-Bernet Galleries, May 12, 1947, Lot 261.
I wrote you a private letter last Evening which went by a private opportunity. Its principal object was to inform you— That I could not exceed the sum now directed to be advanced for want of authority—the present 50000 completing the sum heretofore appropriated by the Trustees & there not being here a sufficient number for a board. That purchases by the Treasurer were going on here. That there...
I write herewith to the Directors of the Bank of New York to advance you a further sum of fifty thousand Dollars, towards purchases of the public Debt ⟨on⟩ account of the United States, on the ⟨sa⟩me principles with the sum heretofore advanced to you for the like purpose. With great consideration   I am Sir   Your Obed servt ALS , Bank of New York, New York City; LS , Bank of New York; copy,...
I regret though I am not surprised at what you disclose in your private letter of the 5th. I have for sometime foreseen the effects of a too sanguine disposition in the dealers of your City; particularly in relation to Bank Script; and have anticipated that it would lead to a necessity of sacrifices injurious to the funds. We got beyond the force of our own capital & beyond the point to which...
I have to acknowledge the receipt of Yours of the 18th instant. The Transfers of the stock, which You have purchased on account of the united states, must be made to the vice President, the Chief Justice, the Secretary of the Treasury, the Secretary of State, and the Attorney General for the time being . In all future purchases, it will be most convenient to have the stock in the first...
[ Philadelphia, August 20, 1791. On August 25, 1791, Seton wrote to Hamilton : “I have the honor to acknowledge the receipt of your Letters of the 20 & 22d.” Letter of August 20 not found. ]
I send you herewith an official letter. This private one I write as explanatory of it. I hardly expect that you will be able to procure the debt within the limits prescribed—And yet I do not know what effect the imprudent speculations in Bank Script may produce. A principal object with me is to keep the Stock from falling too low in case the embarrassments of the dealers should lead to...
Inclosed is a resolution of the Trustees of the Sinking Fund appropriating a certain sum for the purchase of public Debt within certain limits therein specified. In consequence of that resolution I have concluded to apply One hundred and fifty thousand dollars towards purchases in the city of New York and to ask you to undertake the execution of the business. In thus forbearing to employ some...