Alexander Hamilton Papers
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From Alexander Hamilton to Oliver Wolcott, Junior, 30 July 1796

To Oliver Wolcott, Junior1

[New York] July 30th 1796

Dr Sir

I had written you a short line previous to the Receipt of your letter of the 26th2 to which indeed I can add nothing material.

It will, as things stand, be imprudent to push the point of a further loan till the President arrives3—for though a majority of the Directors are well disposed to the thing, they are afraid of McCormick’s clamours4 and want the sanction of the President to controul & counterballance him. All I am told that can now be relied upon is a postponement of the payment of the 200 000 Dollars heretofore lent5—to which McCormick assents.

Yrs. truly

A Hamilton

Oliver Wolcott Esq

ALS, Connecticut Historical Society, Hartford.

1For an explanation of the contents of this letter, see Wolcott to H, June 28, 1796; H to Wolcott, July 7, 8, 15, 28, 1796.

2Letter not found.

3Gulian Verplanck.

4Daniel McCormick.

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