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    • Seton, William
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    • Hamilton, Alexander
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    • Washington Presidency

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Documents filtered by: Author="Seton, William" AND Recipient="Hamilton, Alexander" AND Period="Washington Presidency"
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I am desired by the President and Directors to acknowledge the receipt of your Letter of the first instant, and to assure you that the strictest attention shall be paid to the line you have drawn for the disposal of such Bills on the different States as you may find convenient to lodge in this Bank. The Board have directed agreably to your desire, that a Weekly return be made to you of all the...
[ New York, November 22, 1790. The endorsement on the letter that Hamilton wrote to Seton on November 16, 1790 , reads: “Ans 22nd.” Letter not found. ]
The Merchants of this City who have lately gone to, & returned from Philadelphia, have asserted at the Coffee House they were well informed that the Bank of Pensilvania had offered to give immediate Credit to the Treasurer of the United states for such drafts on the Collectors of the Imposts &c as he should lodge there for Sale. The President and Directors of this Bank anxious to do every...
The President & Directors desire me to acknowledge the receipt of your two Letters of the 13th. and to express how very much they feel obliged to you, for your kind attention to this Institution and thereby to the Commerce of this City. Whenever the Treasurer deposits the Bills on Amsterdam which you mention, the Strictest attention shall be paid to your orders with respect to the Sale of...
I have received a Letter from the Treasurer upon the Subject of immediately passing to credit the drafts on the Collectors which I laid before the Board of Directors this day. The Copy of the Letter and the answer I have wrote by their orders, they have desired me to enclose to you (as the Treasurer makes no refference to what has formerly passed on this Subject) for your information. The...
I have the honor to inform you that this day I have sold the Treasurers Bills on Amsterdam for 25,000 Guilders to Different persons at the price you limitted of 36/4/11 Ninetieths per Guilder payable by Notes at 90 Days, in which Notes I have included the Interest for 33 Days, as all the purchasers chose to avail themselves of that indulgence, given in your Letter of the 24 Decbr. I have no...
I have the honor to enclose you Mr. Silva’s answer respecting the weight & fineness of the Portugal Coin, which is all the information he can give. When The Treasurer of The United States sends the Bills on Amsterdam for 100,000 Guilders as mentioned in your Letter of they shall be disposed of agreable to your orders. I have the honor to be with the greatest respect   Sir, Your Obed. Hme Sert....
The note you inclosed to Mr Troup for discount was immediately done & passd to your Credit. The dft to Mr. Francis has not yet appeared, but should have been punctually attended to & honored at all Events. Your present ballance in Bank including the discount is 2907 Dolls. & ⁴⁴⁄₁₀₀. Therefore the 3000 Dolls. dft will overrun 92. Do: ⁵⁶⁄₁₀₀ which I mention for your Government. The letters you...
I am honored with your letter of the 11th. and agreable to your desire enclose a return of the Treasurers Bills on the Collectors now in Bank undispos’d of. You will please to observe that there are of these Bills No 882 on Newbern for 900 dollars } dated 7 Jany 1791 883 on Edenton 200 884 on Savanah 400 have been already credited to the Treasurers Account in Bank being part of Bills for 5300...
The Goldsmiths who made the Assays have furnished the enclosed Account, which they submit to be paid upon the same footing as the others you may have had done at Philadelphia. I have the honor to be. LC , Bank of New York, New York City. Assays of coins for H’s “Report on the Establishment of a Mint,” January 28, 1791 .
Mr. William Hill with two competant Surities have duely executed the Bond endorsed in your letter of the 21st. and I have deliver’d to him the Contract. As you do not desire the Bond to be returned, I hold it for your further orders. Mr. Hill expected he was to receive immediately from this Bank a payment of Five thousand Dollars, but he was informed your orders did not extend to the payment....
New York, April 4, 1791. “Agreeable to the request expressed in your letter of the 31st. Mr. William Hill has been paid Five thousand Dollars.…” LC , Bank of New York, New York City. Letter not found. See Seton to H, March 28, 1791 .
I have to acknowledge the honor of your Letter of the 1st. instant. Whenever Mr. John McComb Junr. exhibits the contract signed by you & him the Three Thousand Dollars shall be paid to him as you desire and passed to the Debit of the United States in the Seperate Accounts. On the 16th. of Feby. agreeably to your desire we stopt the sale of the Treasurers Bills on the Collector then in Bank, as...
Agreably to your desire Mr Hill has been paid Five thousand Dollars for which enclosed you have his receipt. Of the Bills on Amsterdam 23,000 Guilders are sold; and offer is now made to take to the amount of 100,000 Dollars worth, for the one half of which a Deposit of Stocks would be made and for the other half Notes with sufficient Endorsers. To comply with this proposition, we shall want...
I am desired by the President & Directors to acknowledge the honor of your letter of the 30 May; this having been the first board day since its reception. The President & Directors of this Bank will chearfully Co-operate in the measures you point out for the reception of subscriptions to the National Bank; and have given me Orders to comply with the tenor and spirit of your Letter, which shall...
I have the honor to inform you that in the course of half an hour this day, deposits were offered & received at this Bank for the entire Sum of Sixty thousand Dollars towards the Subscriptions to the Bank of the United States agreably to the latitude given in your Letter of the 30th May. Further Deposits on the same principle have already been offered to the amount of Twenty thousand Dollars...
I am this moment favored with your Letter of the 23rd, saying it will be agreable to you that deposits be received towards subscriptions to the Bank of the United States to the extent of Forty thousand Dollars more upon the same principals with those for the Sixty thousand. This extention of Forty thousand Dollars is already all engaged, and I have applicants names set down for Thirty three...
I am just honored with your Letter of the 25th and hope tomorrow to hear from you in answer to mine of the 24th as the applications to pay in Money towards the Subscriptions to the Bank of the United States have now increased to the sum of 41775 Dollars beyond the last extention of forty thousand. I have the honor to be with great respect   Sir   Your Obed. Humb Ser LC , Bank of New York, New...
I have been honored this afternoon with your Letter of the 28th. authorising the receipt at this Bank of the further Sum of 60,000 Dollars in addition to the 100,000 towards the Subscriptions to the Bank of the United States. I have the pleasure to say the whole and entire Sum of 160,000 Dollars is engaged and I expect will be actually deposited in the course of tomorrow & Certificates granted...
The President & Directors desire me to acknowledge the receipt of your Letter of the 9th instant inclosing a List of the Certificates for money deposited at this Bank towards the Subscriptions to the Bank of the United states which have been paid at the Treasury amg. to 159675 Dolls. This List exactly agrees with the record of the Certificates granted at this Bank—excepting One to Bernard Hart...
I am honored with your Letter of the 4th. From the very sudden turn that Speculation has taken We have only now remaining in Bank of the Treasurers Bills on Collectors undisposed of No. 1648 for 200 Dollars on I. Gregory, Cambden 1339  50 on G. Biscoe, Nottingham It is certainly of considerable importance & a great accomodation to the mercantile Interest of this City that the Bank be furnished...
I am desired by the President & Directors to acknowledge the receipt of your Letter of the 16th. They have ordered the Sum of 150,000 Dollars to be paid to me as it may [be] required for the purchases of public Debt for the Trustees of the Sinking fund agreeable to your request. The Return of the Sale of the Bills on Holland was furnished last Monday. I have the Honor to be &c LC , Bank of New...
I am honored with your Letter of the 15th. enclosing a resolution of the Trustees of the Sinking fund, in consequence of which you direct me to purchase public Debt to the amount of 150,000 Dollars at the limits therein prescribed. I am very much flattered and very thankfull for this confidence reposed in me, the more so, as the execution of the business thro’ me will be a great accomodation...
I have the honor to acknowledge the receipt of your Letters of the 20 & 22d. Agreeable to your desire Mr. William Hill has been paid 4000 Dollars on account of his Clothing Contract & enclosed you have his receipt for the same. The Transfers of the Stock purchased on account of the United States shall be made in the names you point out. Since my last I have only purchased 6810 30/100 Dollars...
I have the honor to enclose a Return of the Stock I have purchased on account of the United States to this day inclusive, being 13291 8/100 of 3 ⅌ Cents & 173708 88/100 Deferred, amounting to Dollars 116542 69/100 which Sum has been ⟨received⟩ from this Bank. I expect in a day or two to compleat the whole investiture of 150,000 Dollars. I have the honor to be with the greatest respect   Sir &c...
Having compleated the full investiture of the 150,000 Dollars directed by you to be laid out in the purchase of Stock for acct. of the United States, I have the honor to enclose a Return of the same, & your account in Bank is debited with the amount. I am with great respect LC , Bank of New York, New York City. For background to this letter, see H to Seton, August 15, 1791 ; H to the President...
By my Public Letter you will see I have compleated the investiture of the 150,000 Dollars in the purchase of Stock—in fact it was finished the middle of last week but I could not get some of the Transfers passed till this day. The whole stands now in the Name of the Vice President &ca. I wish to know if I am to take out the Certificates & forward them & to whom. Great as this relief has been...
I am desired by the President & Directors to acknowledge the receipt of your Letter of the 7th. They have directed 50,000 Dollars to be paid to me agreeable to your desire, and the same is invested in the purchase of Stock, on account of the United States, as specified in the enclosed return. I have the honor to be with great respect &ca. LC , Bank of New York, New York City. This return is...
I had the pleasure to receive your Letter of the 7th by Mr. Eddie on fryday morning, but not early enough to answer you with propriety by that post. The bearer of the Letter I apprehend knew or conjectured at the Contents as it flew over the Town like Wildfire that I had orders to purchase, therefore before I got to the Coffee House at Noon, every one was prepared, and no one would offer to...
Immediately upon the receipt of your Letter of the 30th. I informed the Commissioner of Loans that the Sum of 20,000 Dollars should be passed to the credit of his Account in Bank agreeably to your desire. I have the honor to be &c. LC , Bank of New York, New York City. Letter not found. John Cochran.
I am desired by the President and Directors to acknowledge the receipt of your Letters of the 21 & 24 Sepr —the first requesting a payment to be made of Ten thousand Dollars to Mr. De la Forest Vice Consul of France, which was immediately complied with & enclosed. I have the honor to transmit his receipt for the same. Your directions respecting ballancing the weekly Returns of the Treasurers...
I am honored with your Letter of the 3d. On the 12th of September I transmitted to you a Return of the investment of the 50,000 Dollars in purchases of Stock for account of The United States. I have now the honor to enclose a Duplicate of the same. On the 5th. September I informed you that all the purchases of Debt made to that day had been transferred on the Books to the Names of the Vice...
I had the honor to write you by last nights post enclosing a Duplicate of the Return of the investment in Stock of the last 50,000 Dolls. This morning I called upon the Commissioner of Loans to know what was requisite to be done to comply with your orders respecting a transfer of the whole amount of the Debt purchased to the Books of the Treasury. He informs me that as the whole stands now in...
I am honored with your Letters of the 8th & 10th. The Commissioner of Loans not having required the anticipated Credit of Twenty Thousand Dollars, the Treasurers Check for Thirty thousand Dollars is all that has passed to his Credit. I delivered your Letter to the Commr. of Loans upon the subject of the Transfer to the Books of the Treasury for the Debt purchased by me for Account of the...
I had the honor to write you on the 13th. since which, Indisposition has till this day prevented my obtaining from the Office the Certificates necessary to transfer to the Books of the Treasury the Debt purchased by me for account of the United States. They are now enclosed & I hope will be in full time. I have the honor to be with the greatest respect sir &c. LC , Bank of New York, New York City.
A Circumstance has occured respecting the Treasurers dfts on the Bank of Maryland which I take the liberty of mentioning to you. We negotiated several of them the other day & when the holders presented them at the Bank for payment they deducted ⅛ ⅌ Cent altho’ the amount was named in their Bank & post Notes. This has occured before with the Collectors to the Southward but not that I have heard...
I am honoured with your Letters of the 11th & 14th. The sale of the Bills on Amsterdam shall be arranged at the rate of 6 ⅌ Ct Interest for the term of Credit agreeable to your desire, and furnished in a few days. Mr Hill was this day paid the Seven thousand Dollars, and Inclosed in his receipt for the same which is Charged to the United States. I have the Honor to be &c LC , Bank of New York,...
It is with reluctance I intrude upon your time, but I feel so interested in what has lately passed at Phia. that I cannot refrain indulging myself with some conversation with you on the subject. No doubt you was informd that our Directors immediately after the Directors at Pa. of the Bank of the U. S. were known, wrote a Letter stating their reasons for reserving the 300 Shares of Stock &...
Trusting that Mr King would communicate to you all that has passed between him & me on the subject of coallittion, the New Bankers—& US Bank Paper &ca, I did not intrude on your time by a repetition. Your kind favor of the 18. I recd last night. I had no doubt you would condemn the numerous carrying ons here in the Strongest terms. The folly & madness that rages at present is a disgrace to us....
I have delayed answering your very kind Letter of the 24th till I could have a more ⟨detailed⟩ knowledge of what was going on. Col Duer tells me he has however written you in the mean while. Every Interest is rushing by the phalanx of opposition with our Legislature to grant them a Charter —and it is impossible yet to judge whether they will carry their point or not. The Committee have...
Your very kind favor of the 19 I recd yesterday & this day as it contained matters of the utmost importance to this Institution laid it before our board. You may be assured that so far from restricting our operations so as not to offend any accomodation in the present distress, we have gone as far & perhaps farther than prudence would have dictated. It is true no new Loans have very lately...
I had the pleasure to receive your kind Letter of yesterday, this day at 10 o’Clock. We have no public Sales of Stocks now in the Evenings—therefore I can not go into the Market till tomorrow, and altho the sum is small, yet be assured it will be a relief. The Collector has furnished the List of Names of those who have duties to pay between this and the first of May, and our Directors have...
I did not answer your kind favour of the 4th. this morning as I wished to take in the occurrences of this day, in hopes something better would take place in the State of Credit from the arrival of the East India Ships and other large and valuable property but I am sorry to say it has not had the wished for effect, and every thing still is going down Hill. The extent of the evil, or the amount...
[ New York, April 10, 1792. On April 12, 1792, Hamilton wrote to Seton : “I have your letters of the 10th & 11th.” Letter of April 10 not found. ]
I find upon enquiry from those who are most conversant in the nature and extent of the Stock Contracts, that Monday the 15th of this month is the day which will probably produce the greatest distress, of course the day on which relief will be the most essential. What is called here the Company, of which Mr Macomb is the ostensible person, have on that day to take Stock or pay differences on...
I received your Letter by the Express on fryday Morning, previous to which I had been relieving a few by purchases of Stock upon the Strength of the second extention of fifty thousand Dollars At Noon I went into the Market, but the applications were so numerous & so vastly beyond my expectation, I found it necessary to declare I could take but very small sums from each. However notwithstanding...
Before I received your official Letter of the 25th. extending a Credit to the Commissioner of Loans for 30 M Dollars, Dr. Cochran had called upon me and mentioned how disagreably he was situated from an error his Clerks had made in the former requisition to you—he said he had sent on one of his Young Men to you, and hoped in the Meanwhile his Checks would be paid, should he be obliged to over...
[ New York, May 7, 1792. On May 10, 1792, Hamilton wrote to Seton : “I received your letter of the 7th instant.” Letter not found. ]
I am honourd with your Letter of the 24th. & have informed Messrs. Beach & Canfield, that I will pay them the sum of 4350 Dollars upon their producing the receipt of Melancton Smith Esq. for 5299 pair of Shoes—their receipt shall be worded as you direct. I have now the honor to enclose the necessary Certificates for transferring the Stock I purchased as Agent for the United States from the...
Your kind letter of the 23d, I did not receive till after the last post for the week was gone out; I have seen Mr. Cutting and informed him I was ready to pay the judgement against the Baron. He said he would make out the Account & call upon me. The amount will be upwards of £500. As our Bank Stock is now only at 28 ⅌ Cent premium I think it will be better to have the Note of 1200 Dollars you...