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    • Hamilton, Alexander
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    • Seton, William
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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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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, February 11, 1791. On February 16, 1791, Seton wrote to Hamilton : “I am honored with your letter of the 11th.” Letter not found. ]
A considerable time since Mr. Francis Cashier of the Bank of North America delivered me the inclosed piece of Metal which has Mr. Brasiers stamp and is alleged to be less valuable than the Stampt piece of equal weight to which it was intended to correspond by 8/10 Pa. Currency. This estimate is formed according to the specific gravity of the piece as ascertained by the Hydrostatic Ballance. In...
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, 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.
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...
[ Philadelphia, March 21, 1791. In his letter to Hamilton on March 28, 1791 , Seton referred to “the Bond endorsed in your letter of the 21st.” Letter 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...
[ New York, February 11, 1790. The dealer’s catalogue gives the following description of this letter: “Mentions that he will soon have occasion to apply to the Bank of NY for a loan of $50,000.” Letter not found. ] ALS , sold at Parke-Bernet Galleries, May 2, 1947, Lot 257.
[ Philadelphia, April 1, 1791. On April 11, 1791, Seton wrote to Hamilton : “I have to acknowledge the honor of your Letter of the 1st. instant.” Letter not found. ]
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...
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, June 23, 1791. On June 24, 1791, Seton wrote to Hamilton : “I am this moment favored with your Letter of the 23rd.” Letter not found. ]
[ 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, July 2, 1791. Letter listed in dealer’s catalogue. Letter not found. ] ALS , sold at Parke-Bernet Galleries, May 2–12, 1947, Lot 257.
You will oblige me very much if you will have an assay made as speedily as possible by some of the most skilful hands in your City of the Coins gold and silver of England France Spain & Portugal in most general circulation with you. The more I examine the statements and tables which have been published respecting the standards of Coins, the more variances I discover; and the more it appears to...
[ 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. ]
I am desirous of making a further payment to Mr William Hill, of five thousand Dollars on account of his contract for cloathing for the Troops. The Bank of New York will oblige me by making him a payment of that sum, & taking his receipt for the same, as on that account. This sum will be charged, during the vacancy of the Comptroller’s Office, to the seperate account for the United States, as...
[ Philadelphia, April 25, 1792 . On April 29, 1792, Seton wrote to Hamilton : “I received your official Letter of the 25th.” Letter not found .]
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 .
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 &...
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 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,...
[ 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, May 24, 1792. On May 28, 1792, Seton wrote to Hamilton : “I am honourd with your Letter of the 24th.” Letter not found. ]
[ 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. ]
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 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...
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...
[ 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 1, 1793. On May 3, 1793, Seton wrote to Hamilton : “I received your … Letter of the 1st.” Letter not found. ]
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...
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, March 30, 1792 . Letter listed in dealer’s catalogue. Letter not found .] LS , sold at Parke-Bernet Galleries, May 12, 1947, Lot 258.
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...
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...
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 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...
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...
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...
[ Philadelphia, March 31, 1791. On April 4, 1791, Seton wrote to Hamilton concerning “the request expressed in your letter of the 31st.” Letter not found. ]
[ Philadelphia, December 24, 1790. On January 3, 1791, Seton wrote to Hamilton : “all the purchasers chose to avail themselves of that indulgence, given in your Letter of the 24 Decbr.” Letter not found. ]
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, August 4, 1791. On August 15, 1791, Seton wrote to Hamilton : “I am honored with your Letter of the 4th.” Letter not found. ] Seton was cashier of the Bank of New York.
[ 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. ]
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...
[ 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. ]
I thank you for the attention you are so obligingly paying to the matters I have troubled you with. The interest, which yourself and my other friends in New York are so good as to take in my health is no small compensation for the temporary diminution of it. We are always glad to find that we are not forgotten by those to whom we are much attached. My Complaint has been nothing more than my...
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, 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 .